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New Delhi : Union Minister of State (Independent Charge) Science & Technology; Minister of State (Independent Charge) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh today informed that six start-ups were selected and supported by ISRO with a grant-in-aid of maximum of Rs 50 lakhs each in areas like geo spatial information, propulsion and Robotics/ AR/VR.
In Reply to a question in the Lok Sabha, Dr Jitendra Singh said, ISRO along with Atal Innovation Mission (AIM), NITI Aayog launched ANIC-ARISE-1.0 program that aims to seek, select, support and nurture technology-based innovations that solve sectoral challenges of national importance. The Minister said that twenty-Four start-ups submitted their proposals, out of which six start-ups were selected and supported with a grant-in-aid of maximum of Rs 50 lakhs each.
ANIC-ARISE-1.0 has following three space sector challenges to get project proposals from start-ups: (i) geo spatial information, (ii) propulsion and (iii) Robotics/ Augmented Reality/Virtual Reality.
ANIC-ARISE-2.0 has been launched with four space sector challenges: (i) GIS solutions, (ii) Propulsion, (iii) Navigation & (iv) AI/ML modelling for space applications, seeking project proposals from start-ups in these areas. Selected start-ups will be supported with a grant-in-aid of maximum of INR 50 lakhs each. | https://orissadiary.com/union-minister-dr-jitendra-singh-says-six-start-ups-were-selected-and-supported-by-isro-with-a-grant-in-aid-of-maximum-of-rs-50-lakhs-each-in-areas-like-geo-spatial-information-propulsion-and-roboti/ | 2022-08-03T09:46:39Z | https://orissadiary.com/union-minister-dr-jitendra-singh-says-six-start-ups-were-selected-and-supported-by-isro-with-a-grant-in-aid-of-maximum-of-rs-50-lakhs-each-in-areas-like-geo-spatial-information-propulsion-and-roboti/ | true | 2 |
The secret surrounding the reason why Kylie Minogue had so little air time - and barely spoke - during the final episode of Neighbours has been revealed.
Producers from the Australian soap that was axed last month have solved the mystery on why the pop icon had such little lines on the show that spring boarded her to success, reports the Mirror.
READ MORE - Love Island fans astounded by winner Davide's occupation and financial status
Rumours have circulated as to why Kylie had so little to say on the programme, with some even guessing that she had been paid per word - but boss Jason Herbison has spoken out since the episode aired.
The 54-year-old singer made her return to Ramsay Street alongside former co-star Jason Donovan, as the curtain closed on the Australian soap after 37 years on television.
Kylie, 54, played Charlene Robinson between 1986 and 1988 and was the main character in one of the most-viewed weddings in soap history.
A whopping 19.8 million UK viewers tuned in to watch Kylies character Charlene tie the knot with Scott Robinson, played by Jason, in November 1988.
Fans had been eagerly awaiting their return to the soap, but were stunned to watch Kylie utter less than five audible words in her final outing as mechanic Charlene.
One Twitter user wrote: "Was Kylie's fee per word too high or did she not have much time to rehearse? She barely spoke!"
Others said Kylie must feel she is "far too famous to learn lines", given her jump in success after the show.
However, boss Jason Herbison has revealed that the singers lack of air time was due to the fact that both Kylie and Jason wanted a "small appearance" on the show, and they didn't want to "overshadow" the current cast of Neighbours.
TV boss Jason said to TV Tonight that: "We also filmed their scenes before I’d written the episode, so whatever we filmed had to fit in with that.
"I hate to see Kylie copping any criticism – she was nothing short of amazing on the day."
Neighbours bid farewell to its loved UK audience last week after Channel 5 dropped the soap due to wanting to "focus in on increasing our investment in original UK drama."
A whole host of stars made a cameo in the final episode alongside Kyle and Jason - including Margot Robbie and Holly Valance.
READ NEXT:
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Outlander author Diana Gabaldon confirms she is coming to Edinburgh this summer
Edinburgh weather: When will heatwave end as temperatures to hit 24C
Lorraine Kelly tests positive for Covid-19 as Carol Vorderman fills in on ITV show
Edinburgh Love Island star Jay slammed as 'fake' after surprising confession | https://www.edinburghlive.co.uk/news/celebs-tv/neighbours-boss-confirms-reason-kylie-24657417 | 2022-08-03T09:46:58Z | https://www.edinburghlive.co.uk/news/celebs-tv/neighbours-boss-confirms-reason-kylie-24657417 | true | 1 |
WATER levels in Andalucian reservoirs continue to drop at an alarming rate.
In fact in the last week, reservoirs in Andalucia have lost 96 cubic hectometres of water and now hold a mere 3,164 out of a total of 11,167.
According to data released yesterday, Tuesday August 2, from the Ministry for Ecological Transition and the Demographic Challenge, reservoirs in Andalucia stand at 28.33% of their capacity, which is 6.55% less than a year ago, when they held 3,896 cubic hectometres (34.88%).
As the as country continues to experience a succession of extreme heat waves, the two main reservoir systems in Andalucia, the reservoirs of the Guadalquivir and those of the Andalucian Mediterranean Basin continue to lose water.
In just seven days the reservoirs of the Guadalquivir basin have lost 70 cubic hectometres and reduced its capacity to 24.7%, while in those of the Andalucian Mediterranean Basin have fallen to 45.5% capacity.
Nationally, Spanish reservoirs have lost 832 cubic hectometres of water this week, which represents 1.5% of their total capacity meaning that water storage in reservoirs at a national level is at 40.4% of its total capacity—10,906 cubic hectometres less than the average for the last ten years in this same week.
The lack of rainfall this water year (a 12-month period that starts October 1 and continues through to September 30 the following year) together with surface evaporation due to extreme heat are some of the reasons behind the low water levels in Andalucian and Spanish reservoirs.
READ MORE:
Drought fears grow as dry spell continues in Spain’s Malaga | https://www.theolivepress.es/spain-news/2022/08/03/reservoirs-in-spains-andalucia-stand-at-an-unsettling-28-33/ | 2022-08-03T09:47:13Z | https://www.theolivepress.es/spain-news/2022/08/03/reservoirs-in-spains-andalucia-stand-at-an-unsettling-28-33/ | true | 1 |
Metadium (META) traded 10.3% lower against the US dollar during the 24-hour period ending at 22:00 PM E.T. on August 2nd. One Metadium coin can currently be purchased for about $0.0391 or 0.00000171 BTC on popular exchanges. Metadium has a total market capitalization of $65.94 million and $11.56 million worth of Metadium was traded on exchanges in the last day. During the last week, Metadium has traded 12.6% higher against the US dollar.
Here is how similar cryptocurrencies have performed during the last day:
- BITCOIN ADDITIONAL (BTCA) traded 0.8% lower against the dollar and now trades at $22,846.77 or 0.99990000 BTC.
- Binance USD (BUSD) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00004377 BTC.
- Crypto.com Coin (CRO) traded up 5% against the dollar and now trades at $0.41 or 0.00001075 BTC.
- Dai (DAI) traded up 0.1% against the dollar and now trades at $1.00 or 0.00004378 BTC.
- Mammoth (MMT) traded up 0.1% against the dollar and now trades at $1.02 or 0.00004482 BTC.
- Polygon (MATIC) traded 0.4% higher against the dollar and now trades at $0.87 or 0.00003827 BTC.
- yOUcash (YOUC) traded 0% lower against the dollar and now trades at $0.51 or 0.00002238 BTC.
- FTX Token (FTT) traded down 3.6% against the dollar and now trades at $28.91 or 0.00126532 BTC.
- Chainlink (LINK) traded 3.5% lower against the dollar and now trades at $7.17 or 0.00031359 BTC.
- Magic Internet Money (MIM) traded up 0.2% against the dollar and now trades at $1.00 or 0.00004376 BTC.
Metadium Profile
META is a coin. It launched on October 9th, 2018. Metadium’s total supply is 2,000,000,000 coins and its circulating supply is 1,687,369,624 coins. Metadium’s official website is www.metadium.com. The Reddit community for Metadium is /r/metadiumprotocol and the currency’s Github account can be viewed here. The official message board for Metadium is medium.com/metadium. Metadium’s official Twitter account is @metadium and its Facebook page is accessible here.
Metadium Coin Trading
It is usually not possible to purchase alternative cryptocurrencies such as Metadium directly using US dollars. Investors seeking to trade Metadium should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Metadium using one of the exchanges listed above.
Receive News & Updates for Metadium Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Metadium and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter. | https://theenterpriseleader.com/2022/08/02/metadium-meta-trading-12-6-higher-over-last-7-days.html | 2022-08-03T09:52:23Z | https://theenterpriseleader.com/2022/08/02/metadium-meta-trading-12-6-higher-over-last-7-days.html | true | 83781 |
Jeremiah Lockwood comes from a family of cantors, the spiritual leaders that guide Jewish congregations in prayer and song. His grandfather, the late Jacob Konigsberg, served as a cantor in several cities and performed in concerts outside of religious services, always hoping to inspire people with liturgical music.
It's no surprise that Lockwood would incorporate cantorial music in his own band, The Sway Machinery, and wrote his dissertation about Chasidic cantors in Brooklyn who sing in a way that is reminiscent of the golden age of cantorial music, which began in the 1920s. The virtuosos of that era sounded like they were singing opera at times but also improvised during solos.
The same could be said for those in current-day Brooklyn.
"It's astounding," Lockwood said of the Brooklyn cantors' ability to master the vocal techniques of the early 20th Century. "Forget questions about creativity versus imitation, the fact that they're physically able to do it is just mind-blowing."
"They are self-trained artists," he said. "It's kind of like there was a scene of musicians who didn't go to conservatory or jazz music school and learned how to play Charlie Parker just by fiddling around with a saxophone alone in their rooms at night."
While in grad school, Lockwood stumbled upon a YouTube video of cantors at an informal Chasidic sing-along known as a kumzits, a kind of cantorial jam session where solos are handed off with the point of a finger.
The video inspired Lockwood to produce the new album Golden Ages: Brooklyn Chassidic Cantorial Revival Today, which was recorded at Daptone Records, an analog recording facility known for soul music.
Three of the six cantors who are on the album went with Lockwood to perform at the Jewish Culture Festival in Poland in late June, an important annual Jewish musical event that has been going on for nearly 30 years. They got the opportunity to perform with the backing of a string quartet arranged by Lockwood, who at times accompanied the cantors with his electric guitar.
One of the cantors who performed in Krakow, Yanky Lemmer, explained that as a child and teenager growing up in the Chasidic community, he didn't have much entertainment other than what was considered "kosher." Such households often do not have televisions or an Internet connection available to kids.
"Cantorial music is one of those [kosher] things," he said. "Ooh, let me get into that. That's interesting, that's different."
Lemmer said when he improvises during services, it's "one of the most special feelings in the world."
"When you start improvising and it works, there's that feeling of, 'Wow, this is something coming through me. I'm not even doing this,' said Lemmer.
Lemmer, one of the best-known cantors in the world, leads services at the prestigious Lincoln Square Synagogue in Manhattan and has officiated everywhere from the Catskills to Australia. He credits YouTube with putting him on the map. After uploading the first video of himself performing on-line, his email inbox was flooded the following morning.
"The emails said, 'You have to do this for a living. You have to do this,'" he told NPR.
One of the other cantors involved in the project, Shimmy Miller, is the son of Benzion Miller, who leads services one Sabbath a month at a congregation in the Borough Park neighborhood. That service runs for three to four hours and everything is improvised on the spot. Lockwood, who participates in the choir, called the experience "musically challenging."
"After one of those services I'm always ready to collapse," Lockwood said.
The claim that a revival of cantorial music is underway is not embraced by all of the cantors on the new album.
"This is not really a revival, as much as a dying gasp," said Yoel Kohn, a former member of the Satmar Chasidic community. "Whether there will be enough interest left to keep this going indefinitely as some obscure genre of music like baroque music, that I don't know."
But Hankus Netsky, professor at the New England Conservatory of Music, believes what's happening with the Brooklyn cantors may be both a passing and a re-birth of the genre.
"I think Jeremiah Lockwood is an arbitrator between the generation that is seeing cantorial music die in the congregation and the younger generation that's seeing the potential of cantorial music to be re-discovered," Netsky said.
Lockwood fervently believes that these "young" cantors (the oldest is 46) deserve to be discovered.
"These guys are brilliant singers, brilliant artists and they're so underground, nobody's heard of them," he said. "I wanted to create a possibility for them to be able to do what they are greatest at out in the world and I wasn't sure who the audience for that would be or if there would be an audience for it."
The Golden Ages album is available as both a digital download and a vinyl LP.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.wshu.org/2022-08-03/a-group-of-orthodox-jews-in-brooklyn-is-reviving-the-golden-age-of-cantorial-music | 2022-08-03T09:55:52Z | https://www.wshu.org/2022-08-03/a-group-of-orthodox-jews-in-brooklyn-is-reviving-the-golden-age-of-cantorial-music | true | 16 |
China, US allies divided over Pelosi’s Taiwan visit
BEIJING (AP) — U.S. House Speaker Nancy Pelosi’s visit to Taiwan has drawn bipartisan support at home and backing among the world’s democracies.
Meanwhile, China, which claims Taiwan as its own territory with no right to an independent identity, has rallied support among fellow authoritarian states. The divided opinions speak both to China’s growing global influence and the backlash that has prompted among the world’s liberal societies.
President Joe Biden’s administration was not openly supportive of Pelosi’s trip, with the president himself saying the military felt it was “not a good idea right now” amid heightened tensions between the sides.
China has responded to the visit by announcing a series of days-long military exercises surrounding Taiwan and issuing a stream of invective aimed at the U.S. and Taiwan governments, accusing them of colluding to undermine Chinese sovereignty and national security. China in 2016 severed contacts with independence-leaning Taiwanese President Tsai Ing-wen over her refusal to endorse its insistence that the island and mainland are part of a single Chinese nation.
“This action is a solemn deterrent against the recent major escalation of the negative actions of the United States on the Taiwan issue, and a serious warning to the ‘Taiwan independence’ forces seeking ‘independence,’” the People’s Liberation Army’s Eastern Theater command said in a statement Tuesday.
Exercises will include air and sea drills and long-range missile targeting, the statement said. Operators are already bracing for disruptions to civil aviation and commercial shipping.
The Chinese response has sparked concerns about a new Taiwan Strait crisis, similar to that of 1995-96, when China held threatening military exercises and bracketed the island with missile strikes in waters north and south of its main ports. Despite the sides separating amid civil war more than 70 years ago, China has maintained its threat to invade and has massively increased its capabilities through investments in missiles, navy ships and its air force.
Australian Prime Minister Anthony Albanese, whose country’s ties with China have nosedived in recent years, declined to comment specifically Wednesday on Pelosi’s visit. However, he noted: “We live in an era where the strategic competition and increased tension in our region and where China has taken a more aggressive posture in the region.”
“But our position on Taiwan is clear,” he added. “We don’t want to see any unilateral change to the status quo and we’ll continue to work with partners to promote peace and stability across the Taiwan Strait.”
Japan’s Chief Cabinet Secretary Hirokazu Matsuno also avoided commenting on Pelosi’s Taiwan visit, but raised concern about China’s planned live-fire military exercises in the regional seas that encompass parts of Japan’s Exclusive Economic Zone. Matsuno said Japan has conveyed Tokyo’s “concerns” to Beijing about the exercise.
“The peace and stability of the Taiwan Strait is important not only for Japan’s national security but also for the international community, and Japan’s position is that we expect peaceful solution of the issues surrounding Taiwan through dialogue,” Matsuno said.
Chinese ally North Korea, meanwhile, used the visit to accuse the U.S. of being “the root cause of harassed peace and security in the region,” and said it supported Beijing in the confrontation surrounding Pelosi’s visit.
“We vehemently denounce any external force’s interference in the issue of Taiwan, and fully support the Chinese government’s just stand to resolutely defend the sovereignty of the country and territorial integrity,” a government spokesperson was quoted as saying. “The U.S. scheme to disturb the growth and development of China and its efforts for accomplishing the cause of reunification is bound to go bankrupt.”
Russia — another Chinese ally and whose invasion of Ukraine has fueled concerns over China’s own threat to annex Taiwan by force — called the visit a “clear provocation, which is in line with the United States’ aggressive policy aimed at comprehensively containing China.”
Beijing “has the right to take measures to defend its sovereignty and territorial integrity in relation to the Taiwan issue,” the government said in a statement. China and Russia have closely aligned their foreign policies in recent years, with Moscow backing China over Taiwan and Beijing refusing to criticize Russia for invading Ukraine, while accusing the U.S. and NATO of provoking the conflict and leveling punishing economic sanctions against Russia.
Pelosi has made criticism of China and support for Taiwan a key focus in her more than three decades in Congress.
In remarks at a meeting with Tsai on Wednesday, she said, “Today the world faces a choice between democracy and autocracy.”
“America’s determination to preserve democracy, here in Taiwan and around the world, remains ironclad,” Pelosi said.
After Taiwan, she is due to visit South Korea and Japan, both major U.S. security partners in Asia. | https://ktvz.com/news/2022/08/03/china-us-allies-divided-over-pelosis-taiwan-visit/ | 2022-08-03T09:55:57Z | https://ktvz.com/news/2022/08/03/china-us-allies-divided-over-pelosis-taiwan-visit/ | false | 34 |
PARIS (AP) — Paris’ regional authorities warned residents to be vigilant Wednesday, with temperatures soaring to 36 degrees Celsius (97 Fahrenheit). In a tweet, the Ile-de-France prefecture also asked residents to moderate their water consumption amid a “major dry spell.”
Elsewhere in France, some 27 departments have now been placed on “orange alert” with a heat wave spreading mainly to the east of mainland France. Temperatures are set to hit up to 40 C (104 F) in some places in the south. The heat will reach its peak Wednesday, and begin to decline Thursday.
This August heat wave episode should be shorter than that of July, according to the French weather agency.
Credit: Francois Mori
Credit: Francois Mori
Credit: Francois Mori
Credit: Francois Mori
Credit: Francois Mori
Credit: Francois Mori | https://www.ajc.com/news/nation-world/frances-2nd-heat-wave-of-the-year-leaves-paris-sweltering/ODBK45UYMJGTTOLRQI7GK6DXDE/ | 2022-08-03T09:58:41Z | https://www.ajc.com/news/nation-world/frances-2nd-heat-wave-of-the-year-leaves-paris-sweltering/ODBK45UYMJGTTOLRQI7GK6DXDE/ | true | null |
Can I drive with a sprained ankle?
MILD sprains can take a couple of weeks to heal, though more serious injuries can take months to get back to normal.
If you own a motor vehicle, you need to be aware of how the injury could affect your ability to drive.
Can I drive with a sprained ankle?
Sprains are a common injury affecting the ligaments and muscles.
It’s best not to drive if you’re experiencing severe swelling and bruising or if you have been medically advised not to.
You should not drive if you are wearing a cast or plaster as it severely reduces your range of movement.
It’s important to assess your ability to drive before you get behind the wheel.
To test your ankle function:
Pretend you are pressing down on a car accelerator or brake pedal quickly and hard.
Now bring your toes back towards you. If your movement is hesitant, causes pain or is limited, your ability to drive safely will be affected.
You should not drive until you can operate the foot pedals of the vehicle without any pain.
Can I drive with a sprained wrist?
It is possible to drive with a mild wrist injury but proceed with caution.
It’s important to think about any pain relief or medication you are currently taking, these might impact your ability to think clearly and slow down your reaction time.
Most read in Motors
Section 91 of the Highway Code states: “Driving when you are tired greatly increases your risk of collision”.
If your injury has made it difficult for you to sleep, don’t drive until you’ve had an opportunity to get a full night’s rest - driving while sleepy can be dangerous.
To test your wrist function:
Pretend you are holding a steering wheel.
Can you make fists with both hands strong enough to allow you to hold a steering wheel safely?
Can you turn the imaginary wheel all the way to the right and then all the way to the left?
Do I have to tell DVLA about an injury?
You don’t have to tell the Driver and Vehicle Licencing Agency (DVLA) if your injury is likely to affect you for less than three months
But according to Gov.uk you can be fined £1,000 if you don’t tell them about a medical condition that seriously affects your driving.
This applies to all kinds of licences, not just cars and motorcycles, but bus, coach and lorry licences too.
If you drive a heavy goods or public service vehicle, like a bus or train the rules may be stricter.
You should inform your employer of your injury and seek advice from the DVLA. | https://www.thesun.co.uk/motors/19403442/driving-sprained-ankle/ | 2022-08-03T09:59:17Z | https://www.thesun.co.uk/motors/19403442/driving-sprained-ankle/ | false | 3 |
Love Island’s Andrew and Tasha admit they’ve STOLEN items from the villa as they open up about plans to move in together
LOVE Island stars Andrew and Tasha have admitted stealing keepsakes from the villa.
The loved up couple pinched name signs from their bed to keep in their new home.
Despite meeting just two months ago, they're excitedly plotting to move in together - and even want to build their own property.
Predicting their Love Island memento will fit right in at their new pad, Andrew said: "We’ve taken the plaque of our names from our beds so we might add that somewhere.”
Tasha added: “I definitely want a neon sign that says ‘Good Vibes’,” shared Tasha. “I even want a Love Island tattoo on my finger, to represent how I met Andrew. We’ve said we want the decor to be modern vibes.”
Andrew continued: “Me being in real estate and my parents being in property, I’ll have to have a say, but we’ll do it together. Ultimately if she’s happy I’m happy.”
“It needs to have a hot tub!” added Tasha.
“One day, in the future, we want to build our own house. This is obviously looking years into the future.”
The couple finished fourth in the Love Island final on Monday night.
They're heading home with their co-stars this morning ready to start their lives together on the outside world.
Most read in Love Island
Tasha and Andrew endured a turbulent relationship during their relationship as they got to know other people.
But it ultimately brought them together - and they soon became boyfriend and girlfriend.
Tasha broke down in tears looking back on their journey together on their final date.
The couple sat in the middle of a heart made of red roses while enjoying some bubbly on the beach - in a nod to Kourtney Kardashian's engagement.
Tasha told the estate agent that her favourite moment was when she asked the estate agent to be her boyfriend.
Andrew confessed that his was when the model - who is deaf - opened up about her "superpower". | https://www.thescottishsun.co.uk/tv/9251739/love-island-andrew-tasha-stolen-villa/ | 2022-08-03T10:02:51Z | https://www.thescottishsun.co.uk/tv/9251739/love-island-andrew-tasha-stolen-villa/ | false | 3 |
Industrial and multi-family housing continue growth, office remains stagnant, and retail continues a slow comeback
LOS ANGELES, Aug. 3, 2022 /PRNewswire/ -- The Summer 2022 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey shows that there is much more optimism about the next three years than the barrage of negative news about the economy might suggest. The current survey reveals that the optimism shown in last winter's survey for office and retail markets turning positive in the near-term was premature, but that the prevailing sentiment for those markets remains one of confidence in the longer-term. Meanwhile, optimism for industrial and multi-family markets remains, though at a more tempered pitch than was shown six months ago.
The biannual survey polls a panel of California real estate professionals to project a three-year-ahead outlook for California's commercial real estate industry and forecast potential opportunities and challenges affecting the office, multi-family, retail, and industrial sectors.
The continued persistence of the COVID-19 pandemic has reversed the previously optimistic trajectory of the office market as a return to the workplace for many employees continues to be delayed. With investors becoming more cautious due to the increased uncertainty about near-term economic prospects, the optimism for the office market in the previous survey shifts to a downturn in Southern California, with a more neutral view in Northern California. Office development sentiment has remained slightly optimistic in the Bay Area, though there are not yet plans in place to increase the rate of development. Though the return to the office has been delayed, there are signs that this pessimism is temporary — companies will ultimately put into place plans to return their workforce to the office, and there will eventually be a need for new office development that will provide for this new office landscape.
With industrial markets seeing consistently high occupancy rates and superior lease rate growth over the past few years, sentiment for new industrial projects has been consistently positive, including in the latest survey. This is in large part due to the fact that rapid industrial development has barely kept up with absorption, leaving plenty of demand for additional supply. Consistently high occupancy rates and superior lease rate growth have kept the optimism high for all industrial markets. The current survey predicts more of the same — that significant future increases in demand will outstrip planned and projected 2025 supply. This view of an even tighter market stems in part from the fact that demand in the last few years has driven vacancy rates to their astonishingly low levels.
Despite the pandemic-induced demand for homes in the suburbs and a continued work-from-home culture, optimism continues about the coming three years, though it is slightly less than a year ago. In this survey, it is forecast for every market that rental rates will increase faster than the rate of inflation and vacancy rates will fall between now and 2025. Although the continued waves of the pandemic delayed some return to the office, the reopening of city amenities and the creative and social value derived from urban experiences are attractors that are expected to prompt increased multi-family living in urban areas, particularly among younger workers.
Two other factors are also driving new multi-family development — the inland parts of California are experiencing growth in logistics and infrastructure construction and a series of state laws—SB8, SB9 and SB10—have superseded some local building approval processes, opened land currently zoned for single-family homes to the construction of small multi-family structures, and reduced barriers to multi-family construction in transit corridors.
Despite a looming recession and continued economic uncertainty, retail sentiment continues to rebound from the bottom of the cycle. The latest survey indicates optimism in most markets aside from San Francisco and Los Angeles, where pessimism continues due to many people continuing to work from home and a lack of foreign tourism. In the other markets, a limited return to the office has increased the demand for retail in the core of each city, while the building of new housing throughout California has created a demand for new retail close to that housing. There is also expected to be a demand for the reconfiguration of retail establishments to a more open-air, post-COVID concept that will attract consumers back to stores. The booming housing market will continue to generate demand for retail throughout the state, leading to a turnaround in retail development and a new retail building cycle that should begin before the end of 2025.
The Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey and Index polled a panel of California real estate professionals in the development and investment markets, on various aspects of the commercial real estate market. The survey is designed to capture incipient activity by commercial real estate developers. To achieve this goal, the panel looks at the markets three years in the future, and building conditions over the three-year period. The survey was initiated by Allen Matkins and the UCLA Anderson Forecast in 2006, in furtherance of their interest in improving the quality of current information and forecasts of commercial real estate.
Allen Matkins, founded in 1977, is a California-based law firm with more than 200 attorneys in four major metropolitan areas of California: Los Angeles, Orange County, San Diego, and San Francisco. The firm's areas of focus include real estate, construction, land use, environmental, and natural resources; corporate and securities, real estate and commercial finance, bankruptcy, restructurings, and creditors' rights, joint ventures, and tax; labor and employment; and trials, litigation, risk management, and alternative dispute resolution in all of these areas. Allen Matkins is located on the web at www.allenmatkins.com.
UCLA Anderson Forecast is one of the most widely watched and often-cited economic outlooks for California and the nation and was unique in predicting both the seriousness of the early-1990s downturn in California and the strength of the state's rebound since 1993. The Forecast was credited as the first major U.S. economic forecasting group to call the recession of 2001 and, in March 2020, it was the first to declare that the recession caused by the COVID-19 pandemic had already begun. uclaforecast.com
UCLA Anderson School of Management is among the leading business schools in the world, with faculty members globally renowned for their teaching excellence and research in advancing management thinking. Located in Los Angeles, gateway to the growing economies of Latin America and Asia and a city that personifies innovation in a diverse range of endeavors, UCLA Anderson's MBA, Fully Employed MBA, Executive MBA, UCLA-NUS Executive MBA, Master of Financial Engineering, Master of Science in Business Analytics, doctoral and executive education programs embody the school's Think in the Next ethos. Annually, some 1,800 students are trained to be global leaders seeking the business models and community solutions of tomorrow.
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Media Contacts:
Rebecca Trounson (310) 825-1348
rebecca.trounson@anderson.ucla.edu
UCLA Anderson School of Management
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SOURCE UCLA Anderson Forecast | https://www.kwtx.com/prnewswire/2022/08/03/despite-economic-uncertainties-tempered-optimism-prevails-california-commercial-real-estate-says-allen-matkinsucla-anderson-forecast-summer-survey/ | 2022-08-03T10:03:00Z | https://www.kwtx.com/prnewswire/2022/08/03/despite-economic-uncertainties-tempered-optimism-prevails-california-commercial-real-estate-says-allen-matkinsucla-anderson-forecast-summer-survey/ | true | 12 |
Brahmastra: Divyendu Sharma has finally reacted to speculations over him being a part of Ayan Mukerji’s fantasy drama Brahmastra. Divyendu’s name shows in the Wikipedia page as part of Brahmastra‘s cast among Ranbir Kapoor, Alia Bhatt, Amitabh Bachchan, Mouni Roy and Nagarjuna. The actor known for playing the evil Munna Bhaiya in Mirzapur 1 and 2 has garnered a unique fan base. Divyendu’s dans were elated on him being a part of Ayan’s Astraverse saga. However, the actor has stated that there is no truth in him being a part of the film and called it a ‘fake’ news report. Divyendu, while interacting with a radio jockey told that he had no clue how his name appeared among the cast on the Wikipedia page.Also Read - Alia Bhatt on Giving Advice to Shah Rukh Khan For His Box Office Failures: 'He is Magic...'
Divyendu, on a lighter note, joked that the makers might get him on board for the sequel but he is definitely not part of Brahmastra: Part One – Shiva. The actor further added that he has never had a meeting or talks with anyone for this film. He stated that he hopes that the makers do not add his name in the film’s credit as people might think they cut his role from the movie. Also Read - Alia Bhatt on Katrina Kaif, Priyanka Chopra Starrer Jee Le Zaraa, 'We Ain’t Letting That Film Go'
Divyenndu made his debut with the 2011 film, Pyar Ka Punchnama, and has been a part of films like, Toilet: Ek Prem Katha, Batti Gul Meter Chalu and others. Also Read - Alia Bhatt Breaks Silence on People Calling Her So Dumb: ‘I Like It…’
For more updates on Divyendu Sharma and Brahmastra, check out this space at India.com. | https://www.india.com/entertainment/brahmastra-divyendu-sharma-breaks-silence-speculations-being-part-of-ranbir-alia-starrer-heres-the-truth-bollywood-gossip-5550983/ | 2022-08-03T10:04:33Z | https://www.india.com/entertainment/brahmastra-divyendu-sharma-breaks-silence-speculations-being-part-of-ranbir-alia-starrer-heres-the-truth-bollywood-gossip-5550983/ | true | 1 |
Ray Romano loves new golf gig, 'The Haney Project'
Ray Romano has come a long way from the days when he hopped the fence at Flushing Meadows Park to play pitch-and-putt with his teenage pals.
But for all of his fame and fortune - and even a pretty decent golf game for a middle-aged guy from Queens - Romano couldn't help but feel a bit awed before his first lesson with Hank Haney. Perhaps you've heard of Haney. He is on a break from his regular gig coaching Tiger Woods.
"Yeah, I was intimidated, like I always am around people that are that good at anything,'' Romano said Thursday, recalling their initial encounter for the Golf Channel series "The Haney Project,'' whose second season premieres Monday.
"What made me finally pull the trigger was: How many opportunities am I going to get to hang with this guy for three or four months? Just have fun and do it," Romano said. "His reputation is of being this focused drill sergeant, and he kind of is. But we hit it off.''
Haney isn't complaining. He is just pleased Romano is not Charles Barkley, whose irredeemable swing was last season's focus. Romano, 52, isn't bad. He is a 15 handicap whose goal is to break 80 for the first time. How is it going so far?
"Better,'' he said. "But when you start something new, you get worse before you get better . . . My swing looks better and my knowledge of the swing looks better.''
In reel life, Romano has the luxury of writing strokes off his game. His character in the TNT series "Men of a Certain Age,'' whose first season ended Monday, is a scratch golfer and former mini-tour pro who hopes to join the senior tour. "With the help of CGI and special effects, I can act like I'm a scratch golfer,'' he said. "It's fun to pretend. The problem is I want to look like it.''
Haney was on the set for one episode. "I told him, 'Forget where the ball goes; we'll CGI that; just make sure the swing looks like I at one time was on the mini-tour,' '' Romano said.
Romano grew up a Yankees and Jets fan and still roots for New York-area teams. So do his children, especially his twin 17-year-old sons, even though they were raised mostly in California.
"My soul and my roots are still New York,'' Romano said. "But my kids are super Jets fans, even more so than me. They're hard-core. It's a problem. When the Jets lose, they won't do their homework.''
Romano paid his dues, including a stint as a futon delivery man in the 1980s. His celebrity clients included Mets pitcher Ron Darling, whose apartment Romano visited hours before Game 6 of the 1986 World Series.
"We wished him luck,'' Romano said. "And I remember he gave a $15 tip - very generous.''
It was not until the late '90s that Romano hit it big with "Everybody Loves Raymond,'' a show about a Newsday sports columnist who works mostly in his suburban basement.
Umm . . . sounds familiar. Except for the fact he rarely was shown working. "It wasn't really about the job,'' he said, "it was about the family.''
But there were times when sports did come up, such as when "Tommy Lasorda was mixing sauce in my kitchen; it was surreal . . . and Kareem Abdul-Jabbar was in my living room for some reason.''
Why set the show in Lynbrook?
"We wanted it to be Queens and the network thought: No, too ethnic,'' Romano said. "I was like, 'You see who I am? You hear me talk?' But they were worried about Middle America.
"So we compromised. I said, 'We're keeping it in New York. We'll give you Long Island.' '' | https://www.newsday.com/sports/columnists/neil-best/ray-romano-loves-new-golf-gig-the-haney-project-r14815 | 2022-08-03T10:04:53Z | https://www.newsday.com/sports/columnists/neil-best/ray-romano-loves-new-golf-gig-the-haney-project-r14815 | true | 1 |
Nikola (NKLA) has reached a definitive agreement to acquire Romeo Power (RMO). Romeo is a company that delivers advanced electrification solutions for complex commercial vehicle applications. Under the terms of the agreement, the company will pay $0.74 per Romeo share in the all-stock deal. Following the acquisition news, Nikola stock gained almost 4%.
Nikola’s Romeo Merger Synergies
Romeo stockholders will receive 0.1186 of a share of Nikola for each share held by Romeo Power, representing an equity value of $144 million. Nikola has also agreed to provide Romeo with $35 million in interim funding to support operations until the transaction closes. The transaction should close by the end of October 2022.
The acquisition should allow Nikola to enjoy operational improvement and cost reduction in the battery pack production business. It should also secure a key battery supply line as it is Romeo’s biggest customer. The company has already started testing battery electric vehicles and fuel cell electric vehicle products.
California-based Romeo has made a name for itself in designing and manufacturing lithium-ion batteries. It also develops battery packs for commercial vehicles. According to Nikola’s Chief Executive Officer (CEO) Mark Russell, Romeo’s acquisition should help accelerate the development of the company’s electrification platform.
Nikola stands to enjoy cost reduction in some of the most expensive components. Due to manufacturing excellence, the company could accrue annual cost savings of up to $350 million over the next four years. It also stands to reduce battery pack costs by 30%-40% by the end of 2023.
According to CNBC, the deal is also a lifeline for Romeo, which had about $66.8 million in cash and equivalents left at the end of the first quarter. The company has also racked up more than $250 million in losses and was running out of options to stay afloat.
Nikola’s Q2 Results are Expected This Week
Nikola is scheduled to report its Q2 results on August 4, 2022. TipRanks estimates a loss per share for the quarter at $0.27. The company is expected to shed more light on the expected synergies of Romeo’s acquisition.
Wall Street’s Take
The Street is sitting on the fence with a Hold consensus rating, based on six Holds. The average Nikola price target of $8.6 implies 23.6% upside potential from current levels.
RBC Capital analyst Joseph Spak reiterated a Hold rating on Nikola stock with a price target of $8. The analyst’s price target indicates almost 15% upside potential.
Key Takeaway for Investors
With the acquisition of Romeo, Nikola is likely to strengthen its prospects in zero-emission transportation and energy infrastructure solutions. Additionally, the deal should enable the company to secure key battery supply lines and enjoy significant cost savings.
Read the full Disclosure. | https://www.tipranks.com/news/nikola-to-acquire-romeo-for-144m-stock-pops-4/ | 2022-08-03T10:11:16Z | https://www.tipranks.com/news/nikola-to-acquire-romeo-for-144m-stock-pops-4/ | true | 1 |
Researchers in Russia have developed a new sodium-vanadium phosphate fluoride powder. It has a particular crystal structure that provides superior energy storage capacity in the battery cathode.
Sodium-ion batteries continue to edge toward commercialization as a viable alternative to lithium-ion technology. And researchers from Russia’s Skolkovo Institute of Science and Technology (Skoltech) and Lomonosov Moscow State University have developed a new cathode material that promises higher energy storage capacity in sodium-ion batteries.
They developed a powder of sodium-vanadium phosphate fluoride (NaVPO4F). It has a particular crystal structure that could ensure 10% to 15% higher energy density than current sodium-ion batteries.
“Our material also compares well with the class of layered materials for cathodes. It provides roughly the same battery capacity and greater stability, which translates into longer life and higher cost-efficiency of the battery,” said Stanislav Fedotov, an assistant professor at Skoltech. “Remarkably, even the theoretical predictions for the competing materials fall short of the practical performance of ours, and this is far from trivial, because the theoretical potential is never fully realized.”
The researchers confirmed the material’s superior characteristics through an experiment, after determining that the crystal structure could unlock the high energy storage potential of NaVPO4F. The one they chose is known as the KTP-type framework and comes from nonlinear optics, which is not common in battery engineering. By combining a NaVPO4F composition and KTiOPO4-type framework via a low-temperature (e.g., 190 C) ion-exchange synthesis approach, the researchers managed to develop a high-capacity and high-voltage positive electrode active material.
When tested in a coin cell configuration in combination with a Na metal negative electrode and a NaPF6-based non-aqueous electrolyte solution, the cathode active material enabled a discharge capacity of 136 mAh g−1 at 14.3 mA g−1, with an average cell discharge voltage of about 4.0 V. The scientists also reported a specific discharge capacity of 123 mAh g−1 at 5.7 A g−1 for the same cell configuration.
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They described their research findings in “Development of vanadium-based polyanion positive electrode active materials for high-voltage sodium-based batteries,” which was recently published in Nature Communications.
“Higher energy storage capacity is just one of the advantages of this material,” said Fedotov. “It also enables the cathode to operate at lower ambient temperatures, which is particularly relevant for Russia.”
As lithium prices continue to surge, the need for batteries based on cheap and abundant materials, such as alkali metal sodium, is pressing. The Russian scientists said that efficient materials for sodium-ion batteries could eventually supersede lithium-ion batteries in heavy electric vehicles, such as buses and trucks, as well as in stationary energy storage applications.
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Source: pv magazine | https://www.focustechnica.com/high-voltage-sodium-ion-batteries-with-up-to-15-higher-energy-density/ | 2022-08-03T10:17:27Z | https://www.focustechnica.com/high-voltage-sodium-ion-batteries-with-up-to-15-higher-energy-density/ | true | 3 |
Rep. Peter Meijer (R-Mich.), who voted last year to impeach former President Trump, is projected to lose his primary Tuesday to Trump-backed challenger John Gibbs.
Gibbs’s victory is a major win for Trump, who vowed to exact revenge on any Republican who broke with him over his false claim that 2020 election was stolen or in the wake of the attack on the Capitol.
Meijer, a first-term congressman, was one of 10 House Republicans who voted last year to impeach the former president for his role in the Jan. 6, 2021, riot at the U.S. Capitol.
Gibbs, a former assistant Housing and Urban Development secretary, won Trump’s endorsement last year. While the former president is certain to celebrate the win as his own victory, it also puts him on the same side as top Democratic officials who sought to boost Gibbs in the race.
Michigan’s 3rd Congressional District has become more competitive, giving Democrats a chance at flipping it this year.
The Republican primary attracted the attention of the Democratic Congressional Campaign Committee (DCCC), which spent hundreds of thousands of dollars on ads highlighting Trump’s endorsement of Gibbs.
It’s a strategy that Democrats have employed in other races as part of an effort to elevate Republican candidates that they believe could have a harder time winning in November.
The spending by the DCCC drew fierce criticism from Meijer, who accused Democrats of ignoring “certain moral limits” in politics.
“If successful, Republican voters will be blamed if any of these candidates are ultimately elected, but there is no doubt Democrats’ fingerprints will be on the weapon,” Meijer wrote in a recent essay posted online.
Of the 10 House members who voted to impeach the former president, four are retiring, one lost a primary and one advanced to the general election. The others are facing voters on Tuesday or later this month. | https://fox40.com/news/national-and-world-news/meijer-republican-who-impeached-trump-defeated-in-primary/ | 2022-08-03T10:17:31Z | https://fox40.com/news/national-and-world-news/meijer-republican-who-impeached-trump-defeated-in-primary/ | false | 13 |
Dubai, UAE – Emirates, the world’s largest operator of Airbus A380s and Boeing 777s, is looking to recruit First Officers who meet the airline’s exceptional standards in safety, technical prowess and customer experience. Successful candidates can look forward to climbing new career heights with Emirates’ all wide-body fleet and ever-expanding global route network, and enjoy an excellent lifestyle in dynamic Dubai.
For pilots, a future with Emirates means flying to diverse destinations across the airline’s network spanning six continents and 140 destinations. It also means flying one of the world’s youngest and most modern fleet, now numbering 265 Airbus and Boeing aircraft. With Emirates’ continuous investments in renewing its fleet, the airline’s pilots will also be flying Boeing 787-9 Dreamliners, Boeing 777-Xs and Airbus A350-900s in the coming years.
Emirates’ pilots complete robust, evidence-based training programmes in-house with highly skilled instructors in specially designed environments. The airline’s cutting-edge training facility houses 10 full-flight simulators for Boeing 777s and Airbus 380s.
The airline’s growth offers numerous opportunities for natural career progression – first officers can steadily grow to become captains, technical pilots, standards’ captains, examiners and instructors.
Emirates offers a range of benefits designed for pilots and their families to lead a fulfilling lifestyle – competitive tax-free salary, generous accommodation and education allowance, and excellent medical and dental cover. Employees enjoy concessional cargo and travel benefits for the entire family, even friends’ tickets, across the airline’s global network. What’s more, the Emirates Platinum card offers a range of privileges and discounts across thousands of retail and hospitality outlets locally and globally.
Pilots can bid for preferred flights and destinations on Emirates’ advanced rostering system to ensure they have the opportunity to spend quality time with their loved ones on special days. On a typical work day, Emirates’ flight deck crew are chauffeured to and from home and journey through the fast-track check-in facilities at the airline’s headquarters.
Flight and cabin crew from over 160 nationalities enjoy a collaborative camaraderie that reflects the multicultural milieu of Emirates’ hub Dubai. The city’s reputation as a safe, secure, vibrant and tech-savvy city is well-known. Major annual sporting events, a full range of lifestyle activities, first-class hospitality and dining, spectacular attractions, international schools and hospitals and excellent infrastructure all come together to make Dubai a city of choice for millions of expatriates.
As air travel continues to soar, Emirates is ramping up its services from one of the world’s busiest and best airports – the award-winning Dubai International.
Candidates applying for the position of First Officer must have experience on multi-engine, multi-crew aircraft, a valid ICAO Airline Pilot License, and a minimum experience of 2,000 flying hours on 20 tonne MTOW (maximum take-off weight) aircraft. Interested candidates can check out the eligibility criteria in full and apply online here: https://www.emiratesgroupcareers.com/pilots/
Contact:
pr@emirates.com
Emirates invites First Officers to let their careers take flight and enjoy the Dubai lifestyle
The airline’s cutting-edge training facility houses 10 full-flight simulators for Boeing 777s and Airbus 380s
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LOS ANGLELES (KTLA) – When your name becomes synonymous with one of the world’s premier sports franchises, you’re legacy eventually transcends sport.
For Vin Scully, who for more than six decades embodied what it meant to be a Dodger, he became more than just a voice in a booth. He became a symbol for the city of Los Angeles and all who call it home.
Just like palm trees, traffic on the 405 and the Hollywood sign, Vin Scully was Los Angeles.
And as the sun sets on a groundbreaking life, members of the sports world, the Los Angeles community and those who knew him both intimately and in passing, are sharing their stories of the man who made Dodger baseball feel like a family affair, even if you aren’t a fan of the team.
Mayor Eric Garcetti called Scully, “the voice of L.A.,” writing on Twitter, “Vin Scully’s passing is the end of a chapter of our city’s history. He united us, inspired us, and showed us all what it means to serve.”
Garcetti also announced that City Hall would be lit up Wednesday in honor of the sports icon.
Another sports figure who cast a figurative shadow nearly as tall as Scully himself, Magic Johnson wrote, “Dodger Nation, today we lost a Los Angeles and Major League Baseball legend.”
“He had a voice & a way of storytelling that made you think he was only talking to you. His Hall of Fame career is to be admired. Vin was the nicest & sweetest man outside of the booth & was beloved by all of our Dodgers family,” Johnson added.
LeBron James, the man who currently holds the title as Los Angeles’ biggest sports star, wrote, “Rest in Power. A City of Angels icon. Another great one who made sports so damn special.”
Billie Jean King, a contemporary as a trailblazing sports figure who transcended the niche boundaries of her sport, highlighted Scully’s illustrious career with one franchise and said, “Rest easy, Vin Scully. You will be missed.” King is a minority owner in the Dodgers franchise and shared a photo of the two longtime friends and colleagues.
California’s Governor, while himself a San Francisco Giants fan, could not deny the impact that Scully’s life had on Los Angeles and the state as a whole.
“For literally millions of baseball fans, Vin’s voice WAS Dodger baseball. He defined his medium. He was the common denominator across so many generations. He was — and is — an absolute legend,” wrote Gavin Newsom.
Senator Alex Padilla, a Los Angeles native who holds a friendly rivalry with Newsom, said Scully “made each Dodgers game memorable with his love of baseball and unparalleled story telling,” adding that he was the greatest of all time.
L.A.’s other teams also took a moment to honor the legendary sportscaster. The Los Angeles Lakers called him “an icon to our city.” The L.A. Kings said Scully’s voice “will live on forever in our hearts.”
Finally, Major League Baseball, the sports league that made Scully famous and gave him the platform to reach each and every person lucky enough to hear him on the call on any given night, wrote:
“Vincent Edward Scully used his special talent and timeless touch to not only relay the game’s biggest moments but to evoke countless goose bumps of his own. Millions of sports fans who never met the man considered him a friend and a faithful companion.”
Vin Scully was 94. To read more about his life, click here. | https://www.wearecentralpa.com/trending/vin-scully-remembered-by-l-a-sports-world-2/ | 2022-08-03T10:19:52Z | https://www.wearecentralpa.com/trending/vin-scully-remembered-by-l-a-sports-world-2/ | false | 24 |
You need to enable JavaScript to run this app. | https://sportspyder.com/mlb/new-york-yankees/articles/40273003 | 2022-08-03T10:21:19Z | https://sportspyder.com/mlb/new-york-yankees/articles/40273003 | true | null |
WASHINGTON: Notorious al-Qaeda head Ayman al-Zawahiri was killed by two missiles fired at his Kabul home -- but pictures showed no sign of an explosion, and US officials say no one else was harmed.
That points to the use again by the United States of the macabre Hellfire R9X, a warhead-less missile believed equipped with six razor-like blades extending from the fuselage that slices through its target but does not explode.
Never publicly acknowledged by the Pentagon or CIA -- the two US agencies known to undertake targeted assassinations of extremist leaders -- the R9X first appeared in March 2017 when al-Qaeda senior leader Abu al-Khayr al-Masri was killed by a drone strike while traveling in a car in Syria.
Photos of the vehicle showed a large hole through the roof, with the car’s metal, and all of the interior, including its occupants, physically shredded. But the front and rear of the car appeared completely intact. Up until then, Hellfire missiles -- fired by drones in targeted attacks -- were known for powerful explosions and often extensive collateral damage and deaths. Since 2017, a handful of other finely-targeted attacks show similar results.
Details of the mysterious weapon leaked out, and it was dubbed the "flying ginsu," after a famous 1980s television commercial for ostensibly Japanese kitchen knives that would cut cleanly through aluminum cans and remain perfectly sharp.
Also called the "ninja bomb," the missile has become the US munition of choice for killing leaders of extremist groups while avoiding civilian casualties. That is apparently what happened with Zawahiri.
A US official told reporters that on the morning of July 31, Zawahiri was standing alone on the balcony of his Kabul residence, when a US drone launched the two Hellfires. Apparent photographs of the building show windows blown out on one floor, but the rest of the building, including windows on other floors, still in place.
Members of Zawahiri’s family were present in the home, but "were purposely not targeted and were not harmed," the official said. "We have no indications that civilians were harmed in this strike," the official added.
Survivors of those killed by the September 11 attacks published a statement on Zawahiri’s killing, expressing gratitude about the al-Qaeda leader’s death but expressing a desire to see Saudi Arabia held to account for its alleged role in the terror plot. Fifteen of the 19 hijackers on 9/11 were Saudi nationals.
“This news is also a reminder that in order to achieve full accountability for the murders of thousands on September 11 2001, President Biden must also hold the Saudi paymasters accountable for killing our loved ones,” the national chairperson of 9/11 Families United, Terry Strada, said in a statement.
Zawahiri’s death came after his family had moved into a reported safe house in downtown Kabul, the capital of Afghanistan, according to White House officials.
LONDON: Former prime minister and PML-N leader Nawaz Sharif has urged the federal government to take “immediate...
WASHINGTON: President Joe Biden has continued to test positive for Covid-19, his White House doctor said on Tuesday,...
TEHRAN: Iranian courts have sentenced three people to be blinded in one eye under the Islamic republic’s retribution...
PARIS: The James Webb Space Telescope has peered through time and huge amounts of dust to capture a new image of the...
BAGHDAD: A top official from Iraq’s Sadrist movement called on Tuesday on followers who have occupied parliament for...
LONDON: British Conservative Liz Truss’s leadership campaign faced its first serious peril on Tuesday as she was... | https://www.thenews.com.pk/print/979162-zawahiri-death-did-us-use-secret-flying-ginsu-missile | 2022-08-03T10:22:21Z | https://www.thenews.com.pk/print/979162-zawahiri-death-did-us-use-secret-flying-ginsu-missile | true | 1 |
FLAGSTAFF, Ariz. (AP) — Voters from the Navajo Nation will see familiar faces in the tribe's general election: their current president and a former vice presidential candidate, both of whom were on the ballot in 2018.
President Jonathan Nez and Buu Nygren garnered the most votes in Tuesday's primary among a field of 15. Whoever wins will oversee the largest Native American reservation in the U.S., and the second-highest tribal population.
Both have talked about the need for economic development and extending running water and electricity to the thousands of Navajos without it. Where they differ is on the approach to moving through the coronavirus pandemic.
The Navajo Nation once had one of the highest infection rates in the United States. Nez's administration enacted tough measures to slow the spread. Movie theaters, restaurants, casinos and gyms still aren't fully open yet, and a mask mandate remains.
Nez, a veteran politician, has defended the approach for keeping people safe. He said he would bring continuity in a second term, as the tribe works to spend more than $1 billion in federal virus relief funding that largely would address infrastructure.
“I think the Navajo people saw that we are able to handle a difficult situation,” Nez, 47, told The Associated Press. “Not just coming from leadership but to rally the Navajo people to take care of our people, and they did an outstanding job.”
Nygren was former President Joe Shirley Jr.'s running mate in 2018. The two lost to Nez and Vice President Myron Lizer.
Nygren left his job in construction management to seek the tribe's top elected post and contends Navajo businesses are hurting because of pandemic restrictions. He said the Navajo Nation hasn't been quick enough to respond to a huge loss of revenue from shuttered coal mines and coal-fired power plants and should capitalize on tourism. He has positioned himself as a diplomat who will bring a modern perspective to the presidency.
“It's very clear new leadership is wanted across the Navajo Nation,” the 35-year-old told The Associated Press. “Just the amount of people who came to vote in a Navajo election where floods were happening, roads were terrible.”
More than 47,501 Navajos cast ballots in the tribe's primary election — a nearly 39% turnout among more than 123,000 registered voters, according to unofficial results from the tribe's election office. The tribe generally sees a turnout of around 50%. The results won't be certified until after a challenge period.
Nez garnered more than 17,000 votes in the primary election, and Nygren got nearly 13,000 with all 110 precincts reporting, according to unofficial results. Rounding out the top five were attorney Justin Jones, former Navajo Attorney General Ethel Branch and Greg Bigman, chairman of the Diné College Board of Regents, who collectively received nearly 14,000 votes.
The reservation is bigger than 10 U.S. states, spanning 27,000 square miles (69,930 square kilometers) of high desert, forests, wind-swept mesas and mountains bordering New Mexico, Arizona and Utah. Its population of 406,000 is second to only the Cherokee Nation of Oklahoma.
The slate of candidates agreed more jobs are needed on the reservation where unemployment hovers around 50%. Candidates pushed platforms that included finding ways to preserve the Navajo language and pressing the federal government to fulfill its duty to provide for public safety, health and education.
Supporters of the candidates set up tents across the Navajo Nation on Tuesday, offering fry bread and other food to voters as they made a final campaign push. Election day is a social event on the Navajo Nation, though some precautions were still in place because of the coronavirus pandemic. That included closing to the public the sports center in the tribal capital of Window Rock where election results are tallied.
The others candidates were educator Dolly Mason; scholar Leslie Tsosie; Chinle Chapter President Rosanna Jumbo-Fitch; Frankie Davis; former New Mexico state legislator Sandra Jeff; Emily Ellison; former Navajo Vice President Frank Dayish; Ts’ah Bii Kin Chapter manager Earl Sombrero; and Dineh Benally and Kevin Cody, both of whom sought the tribal presidency in 2018. | https://www.taiwannews.com.tw/en/news/4615333 | 2022-08-03T10:29:43Z | https://www.taiwannews.com.tw/en/news/4615333 | false | 16 |
Are you fond of furry feline friends? If you love them enough to base your housing on it, one Colorado city should be on your radar.
According to a recent data crunch from LawnStarter, Fort Collins, Colorado is the 5th-best place in the country to be a cat owner. Their analysis considered 14 different metrics across four different categories, including access to cats, access to cat care, cat-friendly housing options, and affordability. Individual metrics spanned topics like number of local cat sitters, number of rentals that allow cats, and the average cost for local cat insurance.
When it came to the 'care access' category of data, Fort Collins ranked 4th – its highest rank in any category. Otherwise, the city ranked 94th in terms of 'cat access,' 66th in terms of cat-friendly housing, and 74th in terms of 'cat affordability.' One specific metric where the city performed exceptionally well was having the most cat sitters per 100,000, ranking 2nd nationwide.
Elsewhere in the state, Colorado Springs ranked 21st nationally, Denver ranked 26th, Lakewood ranked 41st, Aurora ranked 115th, and Thornton ranked 136th.
See the full list and methodology here.
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Swisscom aims to be climate neutral and reduce carbon emissions by one million tons by 2025, using new “Scope 4” climate strategy developed with Accenture
NEW YORK & BERN, Switzerland–(BUSINESS WIRE)–Accenture (NYSE: ACN) collaborated with Swisscom (OTCMKTS: SCMWY) on a climate strategy to reduce the telecommunications company’s emissions and help its customers reduce their emissions by one million tons of carbon by 2025 — equal to 2% of Switzerland’s total carbon emissions.
Swisscom expects to achieve climate neutrality faster than planned with new sustainability goals for its corporate decision-making and product development processes. Accenture helped Swisscom integrate an emerging interpretation of an emissions type, known as Scope 4, that the company can integrate into its strategy to enable its customers to avoid or reduce emissions.
“We strive every day to be more ambitious with our sustainability commitments and generate more impact for our company, our people, our customers and the environment,” said Res Witschi, head of sustainable digitization, Swisscom. “With Accenture’s industry knowledge and decarbonization insights, we raised our climate target and continue to be a sustainability leader in the telco space.”
Accenture also helped Swisscom explore strategies for incorporating technologies within the emerging Scope 4 classification that can help further reduce carbon emissions from customers. These considerations include technology such as AI-driven analytics, cloud, and 5G and IoT to address faster and higher capacity data transmission, with remote management and control of connected devices.
By addressing Scope 4 emissions, Swisscom is simultaneously addressing environmental concerns and its bottom line. In fact, research from Accenture found that companies with a higher sustainability performance — across environmental, social and governance (ESG) indicators — have been shown to also perform better financially.
“Technology is a critical driver for improving sustainability, helping to accelerate transitions to net zero, build sustainable organizations, embrace responsible value chains, and provide sustainable choices for customers,” said Stephan Schneider, managing director, Accenture. “Swisscom is positively impacting the planet by combining technology solutions to enable a reduction across their emissions while also driving business value. The company can boost their business by offering customers a larger number of green products and services to choose from to reduce their emissions.”
For more information about how the communications industry can embrace and become effective stewards of sustainability, visit the Accenture report “Communications Service Providers’ Critical Role in the Race to Net Zero.”
About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services and Accenture Song — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 710,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at accenture.com.
Copyright © 2021 Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture.
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melissa.curtis@accenture.com | https://www.01net.it/accenture-helps-swisscom-advance-its-environmental-ambitions-with-sustainability-roadmap/ | 2022-08-03T10:36:36Z | https://www.01net.it/accenture-helps-swisscom-advance-its-environmental-ambitions-with-sustainability-roadmap/ | true | 4 |
Joleon Lescott believes Liverpool will miss Sadio Mane sorely as they bid to overhaul his old club Manchester City this season.
Mane’s £85million replacement Darwin Nunez made a promising start to his Liverpool career with a goal in the Reds’ 3-1 victory over rivals City in the season-opening Community Shield on Sunday.
Yet after playing a key role in much of the Merseysiders’ successes of recent years, Senegal forward Mane, who left for Bayern Munich this summer, has undoubtedly left huge boots to fill at Anfield.
Champions City have seen some significant changes over the summer themselves, with Erling Haaland, Kalvin Phillips and Julian Alvarez arriving and Raheem Sterling, Gabriel Jesus and Oleksandr Zinchenko heading out.
Despite that, Lescott still feels it is City that have the upper hand heading into a new Premier League season this weekend, with Liverpool again their closest challengers.
The former City and England defender told the PA news agency: “I think the top two teams are going to be City and Liverpool and I think City are the favourites due to them winning last season.
“I think you should be favourites if you are the reigning champions but also I think they’ve added to the squad with some quality.
“I think it’s going to be slightly more difficult for Liverpool. I know they’ve signed Nunez, but without Mane, they can’t be as strong.
“The same could be said about Manchester City losing Raheem, but in regards to Liverpool losing Mane I think that’s a huge loss.”
Sterling has joined Chelsea after seven seasons at City in which he won 10 major trophies including four Premier League titles. Jesus and Zinchenko have moved to Arsenal after also playing prominent parts in City’s successes under Pep Guardiola.
Lescott, who is working as a pundit for BT Sport, said: “I think they all improve the teams that they are joining because they are world-class players in their respective positions.
“City will miss them as personalities, 100 per cent, but I think if you look back and view Man City the team, the style and how they play, I think Pep has created a system that isn’t reliant on any individual.
“So it’s probably not as damaging (on the field) as the impact in the dressing room. They’ll all be missed for that reason but players move on.”
Lescott also believes Antonio Conte’s Tottenham could emerge as challengers in the coming year after an impressive summer of recruitment with new signings including Ivan Perisic, Fraser Forster, Yves Bissouma and Richarlison.
“They’ve made some really astute signings and they have a manager of the highest level,” said Lescott.
“I think they’ve brought in a different level of balance to their team. In order to sustain momentum and put pressure on the top two or three teams, or be title challengers, they needed to strengthen their squad and team and they’ve done that.
“With what they’ve done in the transfer window, and who they already have in their team and with their manager, it probably wouldn’t be a surprise if they go on to win something.”
:: Believe it? Now See it on BT Sport. BT Sport has exclusive coverage of 52 live Premier League games this season, starting with Fulham vs Liverpool on Saturday 6th August from 11:30am. For more info, visit btsport.com | https://www.pressandjournal.co.uk/news/world/4614031/joleon-lescott-liverpool-cant-be-as-strong-without-sadio-mane/ | 2022-08-03T10:39:36Z | https://www.pressandjournal.co.uk/news/world/4614031/joleon-lescott-liverpool-cant-be-as-strong-without-sadio-mane/ | false | 13 |
BRUSSELS (dpa-AFX) - The UAE non-oil private sector expanded at a faster pace in July, survey results from S&P Global showed on Wednesday.
The Purchasing Managers' Index rose to 55.4 in July from 54.8 in June. A score above 50 indicates expansion.
New business rose at a solid pace in July amid favorable demand conditions, competitive pricing, marketing efforts and expanded clientele.
Firms scaled up output levels in July in line with new order intakes. The rate of expansion was sharp and the joint-fastest in this year so far.
Due to a backlog of outstanding business, companies stepped up input purchases and hired additional workers in July.
On the price front, overall input costs increased substantially, albeit at a slower pace than June's 11-year high inflation rate. Meanwhile, selling prices dropped further because of fierce competition for new work.
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WELLINGTON, New Zealand — New Zealand's government on Wednesday released its first-ever climate adaptation plan, which includes the possibility of moving some communities to higher ground.
But the six-year plan, which runs nearly 200 pages, comes up short on some important details, including how much the changes will cost and who will pay.
Climate Change Minister James Shaw told reporters that about 70,000 coastal homes in New Zealand were at risk from rising seas, and many more inland homes were at risk from flooding rivers. He said New Zealand had been slow to adapt to climate change, which would end up costing more money over time.
"I am frustrated that for the last three decades, successive governments have not paid any attention in any real form to the challenges that we face from the effects of climate change," Shaw said. "We had to start somewhere."
The National Adaptation Plan includes the possible relocation of low-lying homes and assets as rising seas and increased storms make flooding more common.
"In some highly exposed areas, the risk from natural hazard and climate impacts may become intolerable," the report says. "Inundation of buildings and infrastructure will start to occur, leading to direct damage and loss of some facilities like roads or other lifeline services, and public open space."
The report says that a "managed retreat" from such areas will often be considered a last resort, to be used in conjunction with other adaptations such as installing seawalls and raising houses on stilts.
Shaw said the costs for adaptation will be borne by a combination of homeowners, insurers, banks, local councils and central government. He said the government was taking hardship into account, and would target help to those least able to pay for changes themselves.
The plan also aims to make granular climate-change data more widely accessible, which in some cases could impact insurance rates and property prices.
Luke Harrington, a senior lecturer in climate change at the University of Waikato, said in a statement the report was a timely reminder that New Zealand needed to contend not only with rising seas, but also with other climate impacts such as more severe droughts and extreme rainfall.
"This National Adaptation Plan is a great first step towards addressing some of these challenges, though paucity remains in some of the details," he said.
The adaptation plan comes two months after the government released a plan to reduce greenhouse gas emissions, which includes a trial program to help lower-income people scrap their old gas guzzlers and replace them with cleaner hybrid or electric cars.
The National Institute of Water and Atmospheric Research said that the first six months of 2022 were the second-hottest ever recorded in New Zealand, with temperatures averaging 15 Celsius (59 Fahrenheit), about 1.2 C (2.2 F) above normal.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.kbbi.org/npr-news/2022-08-03/new-zealands-national-climate-plan-includes-possibly-seeking-higher-ground | 2022-08-03T10:41:59Z | https://www.kbbi.org/npr-news/2022-08-03/new-zealands-national-climate-plan-includes-possibly-seeking-higher-ground | true | 63 |
Rahul Gandhi offers prayers at Sri Jagadguru Murugharajendra Vidyapeetha
Congress leader Rahul Gandhi on Wednesday offered his prayers at Sri Jagadguru Murugharajendra Vidyapeetha in Karnataka's Chitradurga district.
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Congress leader Rahul Gandhi on Wednesday offered his prayers at Sri Jagadguru Murugharajendra Vidyapeetha in Karnataka's Chitradurga district. Gandhi posted many of his photographs on Facebook and wrote, "Offered my humble respects at Sri Jagadguru Murugharajendra Vidyapeetha, Chitradurga in the presence of its President Dr Sri Shivamurthy Murugha Sharanaru and senior leaders."
Rahul, in his post on Facebook, appreciated the contribution of Vidyapeetha in empowering people throughout the state. "The Vidyapeetha is engaged in commendable efforts to empower people from rural and remote areas through 150 educational and cultural institutions. Their work has helped uplift countless lives and is an inspiration for all," Rahul Gandhi further said in the same Facebook post. Congress leader also honoured the president of Vidyapeeth Dr Sri Shivamurthy Murugha Sharanaru, offering him a shawl. Gandhi received the 'Ishtalinga Deekshe' from the Murugha Sharanaru. He was also felicitated by the seer and gifted a portrait of Basavanna. Later, the leader took Twitter to say, "The teachings of Guru Basavanna are eternal and I am humbled to learn more about it from the Sharanaru of the Math."
Notably, Sri Jagadguru Murugharajendra Vidyapeetha is an apex body established under the Societies Act to organize and manage educational and cultural institutions with an intention to take education to the doorsteps of common people in rural and remote areas. This was started in the year 1964 by His Holiness Jagadguru Sri Sri Mallikarjua Murugharajendra Mahaswamiji, the then pontiff of Srimath and now It runs 150 institutions. During his last visit to the state in April, the Wayanad MP had set a target of winning 150 seats and urged for unity among the party's rank. (ANI)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Rahul Gandhi lashes out at Centre over rising prices of essential commodities; calls it 'vasooli sarkar' | https://www.devdiscourse.com/article/politics/2132203-rahul-gandhi-offers-prayers-at-sri-jagadguru-murugharajendra-vidyapeetha | 2022-08-03T10:42:31Z | https://www.devdiscourse.com/article/politics/2132203-rahul-gandhi-offers-prayers-at-sri-jagadguru-murugharajendra-vidyapeetha | true | 2 |
The Supreme Court Wednesday asked the Shiv Sena faction led by Chief Minister Eknath Shinde to redraft its submissions on petitions filed by the rival Uddhav Thackeray group on constitutional issues arising due to the recent political crisis in Maharashtra.
A bench headed by Chief Justice N V Ramana was hearing petitions filed by the Shiv Sena and its rebel MLAs on constitutional issues of splits, merger, defection and disqualification.
Senior advocate Kapil Sibal, appearing for the Uddhav Thackeray faction, said the MLAs who have sided with the Shinde camp can save themselves from disqualification under the tenth schedule of the Constitution only by merging the splinter group with another party
They have no other defence available, Sibal told the bench, also comprising justices Krishna Murari and Hima Kohli.
Read | Uddhav moves SC over LS Speaker decision on Sena leader
"Once you have been elected it does not mean the umbilical cord with the political party is severed and that you have nothing to do with your political party," Sibal said.
Senior advocate Harish Salve, appearing for the Shinde faction, said the anti-defection law is not a weapon for the leaders who have lost the numbers to lock their members.
Referring to factual aspects, Salve said it is not the case that the MLAs have voluntarily given up their membership of the political party.
"It is not a case of defection. Today it is the case of intra-party rebellion and nobody has given voluntary membership from the party," Salve said.
After hearing the submissions, the bench said it would hear the matter on Thursday to decide the issue to be adjudicated by it and asked Salve to redraft the questions of law.
The bench would take the case as first matter on Thursday.
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NEW YORK, Aug. 3, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Waste Management, Inc..
Shareholders who purchased shares of WM during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: This lawsuit is on behalf of all purchasers of certain Waste Management redeemable senior notes between February 13, 2020 and June 23, 2020.
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) the U.S. Department of Justice had indicated to Waste Management that it would require Waste Management to divest significantly more assets than the $200 million indicated in the merger agreement between the Company and Advanced Disposal Services; (ii) as a result, the merger would not be completed by July 14, 2020, the end date under the merger agreement; and (iii) the Waste Management redeemable senior notes would be subject to mandatory redemption at 101% of par.
DEADLINE: August 8, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/waste-management-inc-loss-submission-form/?id=30475&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of WM during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is August 8, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
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SOURCE The Gross Law Firm | https://www.hawaiinewsnow.com/prnewswire/2022/08/03/shareholder-alert-gross-law-firm-notifies-shareholders-waste-management-inc-class-action-lawsuit-lead-plaintiff-deadline-august-8-2022-nyse-wm/ | 2022-08-03T10:43:50Z | https://www.hawaiinewsnow.com/prnewswire/2022/08/03/shareholder-alert-gross-law-firm-notifies-shareholders-waste-management-inc-class-action-lawsuit-lead-plaintiff-deadline-august-8-2022-nyse-wm/ | false | 20527 |
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As Justmylook’s fake tan tester, you will be testing a range of fake tans for two months. After you have tried it you don’t only get to keep the fake tan but also get paid £250 for just an hour a week of testing the tans.
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Entrants must be 18 or over
Entrants must currently live in the UK and have a UK address
Applicants must have a keen interest in fake tans.
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The link to apply for the job can be found here! The closing date for all applications will be midnight on the 30th of September 2022. The successful candidate will be notified by email on the 10th of October.
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Justmylook will also require a review of the fake tans that the successful applicant will receive.
The products stated within this job role are subject to availability and we reserve the right to substitute any product with another of equivalent value without giving notice.
The successful applicant agrees to the use of their name and image in any publicity material, as well as their application information. Any personal data relating to the successful applicant or any other applicants will be used solely in accordance with current UK data protection legislation and will not be disclosed to a third party without the applicant's prior consent. | https://www.yorkshireeveningpost.co.uk/lifestyle/outdoors/you-can-now-get-paid-ps31-an-hour-to-test-fake-tan-3791899 | 2022-08-03T10:45:30Z | https://www.yorkshireeveningpost.co.uk/lifestyle/outdoors/you-can-now-get-paid-ps31-an-hour-to-test-fake-tan-3791899 | false | 13 |
Analysts are concerned that India, Asia's third-largest economy, may find it difficult to fund its current account deficit and hurt the outlook for the rupee.
"I think after looking at the July trade deficit, we need to re-work on our CAD and BoP number, and thus the view on the rupee", Vikas Bajaj, head of currency derivatives at Kotak Securities told news agency Reuters. Bajaj pointed out that until now the market consensus for India's current account deficit (CAD) was around $100 billion for the current fiscal year.
"But this definitely looks out of whack after July's trade number," he said.
On Wednesday, QuantEco Research revised their CAD projections higher for the current fiscal year to $130 billion from $105 billion and the balance of projections (BoP) estimate to $60 billion from $35 billion.
Vivek Kumar, a economist at QuantEco, said the recent recovery in the rupee from 80 will prove to be temporary and expects the local unit to fall to 81 to the U.S. dollar in the current fiscal year.
According to BVR Subrahmanyam, Secretary, Department of Commerce, merchandise imports last month were at about $66.26 billion whereas exports were at about $35.24 billion resulting in a deficit of $31.02 billion.
High commodity prices, depreciating rupee against the dollar are said to be causes for the merchandise trade deficit. Subrahmanyam said restrictions on exports of wheat, iron, steel held back exports revenue.
India’s trade deficit is likely to remain above $20 billion for an extended period, posing the risk of a wider current account deficit, Barclays said.
"While we still expect the trade deficit to hit US$265 billion, the risks are skewed towards an even larger deficit, which poses risks to our forecast for the current account deficit to widen from the present $115 billion for FY22-23," Rahul Bajoria, chief India economist at Barclays said in a note.
Barclays also pointed to how the Reserve Bank of India, having spent more than $60 billion to defend the rupee, has reduced the import cover from currency reserves. "When sentiment turns, we think the RBI’s reserves are likely to recover, meaning heavy intervention on the other side and limited scope for swift rupee appreciation," the economist said.
Barclays expects the RBI to hike repo rate by 35 basis points on Aug. 5, and follow that up with two more rate hikes of 25 basis points each in September and December, taking the repo rate to 5.75%.
(With agency inputs)
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- DoT to Get ₹13,500 cr as 1st 5G Bid Payment from Telcos
The Department of Telecommunications (DoT) will garner around ₹13,500 crore in the next 10 days from telcos as the first instalments for the spectrum bought in the recently concluded 5G auction, a senior governmen to fficial said.
‘India Open to Capital from Everywhere for Education’India is open to “invite capital from everywhere” to provide quality education infrastructure that can educate and skill over 255 million youth in the 15-25 age group and improve the Gross Enrolment Ratio (GER) for higher education from 27% to 50% by 2030, Union Education & Skill Development Minister Dharmedra Pardhan told ET Roundtable on Monday, adding that government will “very soon” release new guidelines for foreign players in education sector.
Rupee Stages Strong Comeback in July as One of Top EM PerformersThe rupee staged a dramatic turnaround over the past two weeks after hitting a lifetime low on July 21, reflecting robust fundamentals of the Indian economy.
Download The Economic Times News App to get Daily Market Updates & Live Business News. | https://economictimes.indiatimes.com/news/economy/indicators/indias-external-balance-challenges-rupee-woes-worsened-by-record-high-trade-deficit/articleshow/93319435.cms | 2022-08-03T10:46:19Z | https://economictimes.indiatimes.com/news/economy/indicators/indias-external-balance-challenges-rupee-woes-worsened-by-record-high-trade-deficit/articleshow/93319435.cms | true | 1 |
New Delhi: The Delhi High Court on Wednesday sought the response of the National Investigation Agency (NIA) on a plea moved by Kashmiri separatist and radical group Dukhtaran-e-Millat chief Asiya Andrabi against the seizure of her house in Srinagar.
Issuing notice in the matter, a division bench of Justices Mukta Gupta and Anish Dayal posted the matter for further hearing on September 28.
In her plea, Andrabi argued that the interpretation of the earlier Special Court Judge of the Patiala House Court in the national capital to treat the house as her office because she gave an interview there is devoid of merit.
"That the interpretation of the Special Judge sitting in appeal that giving an interview in the house would tantamount to an act of terrorism is completely devoid of merit because it was not the Appellant who had called the mediapersons at her home to take the interview but rather it was the mediapersons who had gone to her home to take the interviews... So it cannot be said that the appellant was using her house to spread terrorism," her plea read.
The court also sought the probe agency's response on another similar plea by Andrabi's alleged aide Sofi Fehmeeda's against the seizure of her car.
The agency had seized the Creta car belonging to Sofi Fahmeeda, an associate of Assiya Andrabi.
As per the officials, "immovable properties seized include five houses, including the house of Mehmooda Begum, mother-in-law of Andrabi"
The Pakistan-sponsored women radical group Dukhtarn-e-Millat (DeM) led by Asiya Andrabi along with her aides -- Sofi Fehmeeda and Nahida Nasreen were charged with terrorism and sedition. Andrabi was allegedly conspired to commit terror acts and waging war against the country with support from Pakistan.
She was accused of being involved in conspiracy and acts to severely destabilize the sovereignty and integrity of India, along with her two other women associates. The trio was arrested in 2018.
Ashiq Hussain Faktoo, the husband of Andrabi, has been sentenced to life for the murder of human rights activist and social worker, Hriday Nath Wanchoo in December 1992.
(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/legal/delhi-hc-seeks-nias-response-on-plea-filed-by-kashmiri-separatist-leader-asiya-andrabi | 2022-08-03T10:53:01Z | https://www.freepressjournal.in/legal/delhi-hc-seeks-nias-response-on-plea-filed-by-kashmiri-separatist-leader-asiya-andrabi | false | 1 |
NEW YORK, Aug. 3, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Outset Medical, Inc..
Shareholders who purchased shares of OM during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: This lawsuit is on behalf of all persons or entities who purchased Outset Medical common stock between September 15, 2020, and June 13, 2022.
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) the Company's flagship product, Tablo Hemodialysis System ("Tablo"), would require an additional 510(k) application to be filed with The United States Food and Drug Administration ("FDA"), as defendants had "continuously made improvements and updates to Tablo over time since its original clearance"; (2) as a result, the Company could not conduct a human factors study on a cleared device in accordance with FDA protocols; (3) the Company's inability to conduct the human factors study subjected the Company to the likelihood of the FDA imposing a "shipment hold" and marketing suspension, leaving the Company unable to sell Tablo for home use; and (4) as a result, defendants' positive statements about the Company's business, operations, and prospects were materially false and misleading and /or lacked a reasonable basis at all relevant times.
DEADLINE: September 6, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/outset-medical-inc-loss-submission-form/?id=30483&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of OM during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is September 6, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content:
SOURCE The Gross Law Firm | https://www.fox19.com/prnewswire/2022/08/03/shareholder-alert-gross-law-firm-notifies-shareholders-outset-medical-inc-class-action-lawsuit-lead-plaintiff-deadline-september-6-2022-nasdaq-om/ | 2022-08-03T10:53:25Z | https://www.fox19.com/prnewswire/2022/08/03/shareholder-alert-gross-law-firm-notifies-shareholders-outset-medical-inc-class-action-lawsuit-lead-plaintiff-deadline-september-6-2022-nasdaq-om/ | false | 20527 |
Twenty-one counties in New York are under a drought watch, which could become the norm as climate change heats up the planet.
According to the New York State Department of Environmental Conservation, a drought watch is the least severe on the drought monitoring scale. For now, public water suppliers start conserving water and urge people to reduce their water use.
The National Integrated Drought Information System classifies this as a moderate drought. Sylvia Reeves, the system's Northeast regional drought information coordinator, said these "pop-up droughts" have been typical in the last two years, in the entire Northeast.
"We've seen more frequent drought events that have lasted anywhere from six months to a little over a year," she said. "And, those events typically have come on in what we call a 'flashy' form - rapid onset of drought conditions and rapid intensification."
Reeves added that if several different indicators of groundwater, surface water and wells don't change, drought conditions could be upgraded to "severe." That's what New York faced in summer and mid-fall 2020. These conditions aren't generally bad enough to cause wildfires, but grass and brush fires could be forces to contend with.
During droughts, it isn't just about needing water for small things such as brushing your teeth or doing laundry. It's about making sure vital crops are irrigated thoroughly and having a decent supply of groundwater.
As weather gets more extreme, droughts could be more prolonged, said Alison Branco, director of climate adaptation for The Nature Conservancy of Long Island.
"What we're going to see is, not a huge change in the overall amount of rain we receive - a little increase, but not a ton," she said. "But it's going to come in less frequent, more severe bursts; like big heavy storms and not so much like that slow, steady rain."
She added that there could be periods of drought between rain events, but groundwater sources won't be able to replenish as quickly. Branco, a Long Island resident, said she feels the infrastructure to pump groundwater isn't equipped to meet the high demands a drought would create. However, she said, New York is not at risk of the kinds of lengthy droughts seen in California and other Western states.
Disclosure: The Nature Conservancy in New York - Long Island contributes to our fund for reporting on Climate Change/Air Quality, Environment, Public Lands/Wilderness, Water. If you would like to help support news in the public interest,
click here.
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If Iowa wants to ensure its Nutrient Reduction Strategy is working to curb farm runoff, a new report from an environmental group says it needs to do a better job of monitoring water quality around the state.
The Iowa Environmental Council noted that since 2013, Iowa has committed nearly $100 million toward water-quality projects. That includes keeping an eye on the amount of nitrogen and phosphorus entering waterways from sources such as agriculture. Despite the investments, said Alicia Vasto, associate director of the council's water program, agencies involved have yet to implement an approach to see if the efforts actually are improving the water.
"We believe that if there was monitoring, if there was more information available, that it would demonstrate current efforts are not where they need to be and we need to adjust the strategy," she said.
The report recommended collaboration on a monitoring framework that would include tools such as in-stream sensors, and the results made available to the public. In a move aligned with other states along the Mississippi River, the reduction strategy seeks at least a 45% reduction in total nitrogen and phosphorus loads.
The state departments of Natural Resources and Agriculture did not provide comments for this report before deadline.
While groups such as hers push for more information, Vasto said there are signs that Iowa's water-quality situation is getting worse. This includes more algae blooms that make the water less safe for recreation.
"It just kind of lowers the average quality of life for Iowans that we can't go out and access and enjoy our public waterways," she said, "because there's this pollution that is making them toxic."
A 2018 study by the University of Iowa found a nearly 50% increase over two decades in the amount of nitrogen pollution flowing from the state to the Gulf of Mexico. Last year, state lawmakers passed a major extension of funding for its strategy, but Vasto said unless monitoring improves, that money could be going to waste.
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Water experts will gather next week in Nashville to talk about the state of stream restoration, at the first national stream restoration conference.
Tennessee's heavy agricultural economy means the state's waterways are at risk for increased sediment.
Ken White, chair of the stream restoration nonprofit Resource Institute, said implementing strategies to reduce sediment and restore natural flow to streams improves water quality, wildlife habitat and outdoor recreation.
"More sediment in the rivers is not good," White explained. "Because every city and county or municipal organization that supplies clean water to a community, they have to pay for more chemicals, it's harder to clean the water for everybody to use for cooking, drinking, bathing."
Experts will discuss urban and rural restoration, dam removal, construction, flood plain reconnection, and habitat improvement.
Adam Williams, president of Brushy Fork Environmental Consulting, said residents are increasingly aware of the link between healthy water and reducing erosion and sedimentation, and are feeling the effects of climate-related flooding and extreme weather on local waterways.
"Meeting landowners, knocking on doors and finding willing landowners to participate in grant-funded work," Williams outlined. "Putting in riparian buffers, explaining to residential, commercial, agricultural landowners in ways to use best management practices to stabilize their creeks."
White added stream restoration can improve community health, increase property values and spur local economic activity.
"We don't even hesitate to buy sunscreen before we go to the beach, or we're out in the sun," White noted. "The more we can educate water professionals, in order to have quality water for decades to come, we're gonna have to do a better job of being good stewards and managing what we have now."
According to the Environmental Protection Agency, more than half of rivers and streams in Tennessee are considered impaired.
Disclosure: Resource Institute contributes to our fund for reporting on Endangered Species & Wildlife, Environment, Public Lands/Wilderness, and Water. If you would like to help support news in the public interest,
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By Kristi Eaton for The Daily Yonder.
Broadcast version by Eric Tegethoff for Northern Rockies News Service for the Public News Service/Daily Yonder Collaboration
A coalition of groups focused on water rights filed a brief in June with the U.S. Supreme Court in an effort to keep the court from narrowing the definition of federally protected waters.
Waterkeeper Alliance, San Francisco Baykeeper, Bayou City Waterkeeper, and nearly 50 additional Waterkeeper groups from across the country filed an amicus brief with the Supreme Court in support of the U.S. Environmental Protection Agency in the case Sackett v EPA.
The clean water advocates are asking the Supreme Court to uphold the Ninth Circuit Court of Appeals ruling about the scope of wetlands protected under the landmark Clean Water Act.
The central question in Sackett v EPA is what standard should apply to determine protection for wetlands that are adjacent to traditional navigable waters and their tributaries. The petitioners in the appeal have asked the Supreme Court to overturn the Ninth Circuit's ruling that adjacent wetlands, including those on their Idaho property, merit federal protection, which would advance a narrow interpretation of the CWA. The amicus brief contends that, to achieve the law's objective, it must protect all waters that make up aquatic ecosystems, not just navigable waters. The Supreme Court will hear the case this fall.
"Idaho has unique geographical and hydrologic features that form 'closed basins' which would be excluded from federal pollution protection if Clean Water Act jurisdiction was reduced by constricting the definition of which 'waters of the United States' are federally protected," said Buck Ryan, executive director of Snake River Waterkeeper, in an interview with The Daily Yonder. "We joined in filing the brief to ensure these waterways - which are critical to water quality in the Snake River as well as for endangered species like bull trout - enjoy the federal statutory protections Congress intended in drafting the Act."
The Clean Water Act was enacted in 1972 to protect the health of the waters of the United States, promote healthy aquatic ecosystems, and regulate the discharge of pollutants into waterways.
In states like Idaho, Ryan said, "where industry and ag-friendly legislatures offer the bare minimum in terms of clean water safeguards, the federal Clean Water Act is the preeminent (and in many cases, only) guarantee of legal protection for rural communities to have fishable, swimmable, and drinkable water."
Kelly Hunter Foster, senior attorney with Waterkeeper Alliance, said many iconic and significant waters across the country lack continuous surface connections to traditionally defined navigable waters and could lose federal clean water protections that have been in place for nearly 50 years if the court were to adopt the petitioners' navigability theories.
"Congress originally designed the CWA to broadly protect all waters of the United States-not only those used for commercial navigation. The scope cannot be narrowed if we are to ensure the integrity of the law and the health of our waterways," Foster said in a press statement.
The Supreme Court's hearing of the challenge to the CWA occurs as the court has revisited long established precedents. Last month the court ruled that the Clean Air Act does not give the U.S. Environmental Protection Agency blanket regulations against power plants. The Clean Air Act, initially passed in 1963 and revised many times since, was one of the nation's first and most influential environmental laws.
Waterkeeper Alliance Chief Executive Officer Marc Yaggi called the court's interpretation of the Clean Air Act a "gift to polluters and will pose a major threat to clean water."
"The majority's new major questions doctrine handcuffs the federal government's ability to respond to emergencies that weren't specifically contemplated at the time statutes are passed," Yaggi said in a press statement. "The idea that our current dysfunctional Congress might be expected to more directly authorize EPA to broadly 'tackle' the climate emergency is absurd. This sets a dangerous precedent not just for EPA and our climate, but for all agencies and future emergencies."
Albert Lin, a law professor at the University of California Davis who specializes in environmental and natural resources law, said in an interview with The Daily Yonder that the Clear Air Act and Clean Water Act cases seem to be asking two different questions. The Clean Air Act case used the major questions doctrine, he said, and he believes it's unlikely that will be the case in the Clean Water Act case.
"It seems unlikely given that the sort of question at issue in the Clean Water Act case, the extent of the government's regulatory authority over wetlands is an issue that the agencies - EPA and the Army Corps of Engineers - have been grappling with for decades," he said. "And that it's not the sort of situation as in West Virginia vs. EPA, where you had, at least the way the court puts it, EPA asserting this apparently new authority over how kind of energy is produced and distributed and generated."
Also in June, the Supreme Court overturned its landmark Roe v. Wade decision of 1973, which provided a constitutional basis protecting the right to abortion services.
Kristi Eaton wrote this article for The Daily Yonder.
get more stories like this via email | https://www.publicnewsservice.org/2022-08-03/water/ny-droughts-could-advance-with-climate-change/a80140-1 | 2022-08-03T10:55:25Z | https://www.publicnewsservice.org/2022-08-03/water/ny-droughts-could-advance-with-climate-change/a80140-1 | true | 2 |
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DJ Khaled Buys A Ton Of Lottery Tickets For $1B Mega Millions Jackpot: 'I Ain't Playing With This'
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Twelve Bedfordshire schools have signed up to a project to help students gain university places.
The project, Raising Sixth Form Aspirations, aims to increase the number of young people from across the county securing places at some of the country’s leading universities and improve the chances of students going to both traditional and modern universities, as well as gaining places on top medical and veterinary science courses and higher-level degree apprenticeship schemes.
The three-year project is the brainchild of Professor Lee Hubbard, Head of Academia at Samuel Whitbread Academy in Clifton, which is part of the Bedfordshire Schools Trust (BEST).
Sponsored by the Connolly Foundation – which will be distributing grants of £3,000 per year to schools involved, in order for them to lead on the project in-house – partner institutions include the University of Bedfordshire, Oxford and Cambridge Universities, Cranfield University and Cranfield’s MK:U platform. Further support and resources will be provided by BEST and the Meridian Trust.
Professor Hubbard will be leading on the project alongside Yvonne Ashby, Head of Careers at the Wootton Academy Trust, and Nigel Croft, Education Consultant and formerly Head Teacher of Redborne Upper School.
Professor Hubbard said: “The project is based on my work over the last three years at Samuel Whitbread. The aim is to help to raise the aspirations of our young people, improve their personal statements and interview skills, as well as their communication, organisation and problem-solving techniques.”
Twelve Bedfordshire schools have currently signed up to be part of the ground-breaking programme, with a combined total of over 3,000 sixth form students, including:
Samuel Whitbread Academy; Wootton Upper School and Kimberley College, Biddenham International School and Sports College; Cedars Upper School, Leighton Buzzard; Harlington Upper School; Redborne Upper School and Community College, Ampthill; Sandy Secondary School; Sharnbrook Academy; Vandyke Upper School, Leighton Buzzard; Queensbury Academy, Dunstable; Stratton Upper School, Biggleswade and Mark Rutherford School, Bedford.
The project was officially launched at a special event held at the University of Bedfordshire earlier this month, attended by head teachers and sixth form leaders from participating schools. Work will get under way in earnest in the new academic year in September.
David Seaton, Assistant Director of Student Recruitment & Admissions at the University of Bedfordshire, commented: “We’re extremely proud to be supporting our local schools and colleges through this collaboration. It will give prospective students the opportunity to access higher education in their home region and inform them of the variety of learning and apprenticeship paths they can choose to experience, which will all help towards their future careers.”
The University has committed to working closely with schools across the region to ensure students have a clear route to attending the institution, with a key focus on prospective local students who wish to study for a degree while helping them stay close to home, cutting out some of the onerous costs associated with student life.
For more information about courses offered by the University of Bedfordshire, or to apply through clearing for the 2022/23 academic term, visit: www.beds.ac.uk/clearing | https://www.lutontoday.co.uk/news/people/12-bedfordshire-schools-sign-up-to-project-to-help-get-students-into-universities-3791846 | 2022-08-03T10:56:49Z | https://www.lutontoday.co.uk/news/people/12-bedfordshire-schools-sign-up-to-project-to-help-get-students-into-universities-3791846 | true | 2 |
ROSWELL, Ga. (AP) _ SiteOne Landscape Supply, Inc. (SITE) on Wednesday reported second-quarter profit of $140.7 million.
On a per-share basis, the Roswell, Georgia-based company said it had net income of $3.07.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3 per share.
The company posted revenue of $1.22 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $1.28 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SITE at https://www.zacks.com/ap/SITE | https://www.milfordmirror.com/business/article/SiteOne-Landscape-Q2-Earnings-Snapshot-17347685.php | 2022-08-03T10:58:53Z | https://www.milfordmirror.com/business/article/SiteOne-Landscape-Q2-Earnings-Snapshot-17347685.php | false | null |
NEW YORK, Aug. 3, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Tupperware Brands Corporation.
Shareholders who purchased shares of TUP during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/tupperware-brands-corporation-loss-submission-form-2/?id=30476&from=4
CLASS PERIOD: November 3, 2021 to May 3, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) Tupperware was facing significant challenges in maintaining its earnings and sales performance; (ii) accordingly, Tupperware's full-year 2022 guidance was unrealistic and/or unsustainable; (iii) all the foregoing, once revealed, was likely to have a material negative impact on Tupperware's financial condition; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
DEADLINE: August 15, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/tupperware-brands-corporation-loss-submission-form-2/?id=30476&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of TUP during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is August 15, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE Levi & Korsinsky, LLP | https://www.kplctv.com/prnewswire/2022/08/03/shareholder-alert-gross-law-firm-notifies-shareholders-tupperware-brands-corporation-class-action-lawsuit-lead-plaintiff-deadline-august-15-2022-nyse-tup/ | 2022-08-03T11:00:59Z | https://www.kplctv.com/prnewswire/2022/08/03/shareholder-alert-gross-law-firm-notifies-shareholders-tupperware-brands-corporation-class-action-lawsuit-lead-plaintiff-deadline-august-15-2022-nyse-tup/ | false | 20527 |
Additional financing secured at an attractive fixed rate to fund continued growth of leased fleet
LAKE OSWEGO, Ore., Aug. 3, 2022 /PRNewswire/ -- The Greenbrier Companies, Inc. (NYSE: GBX) ("Greenbrier"), a leading international supplier of equipment and services to global freight transportation markets, today announced that its Greenbrier Leasing subsidiary has entered a new $150 million term loan to finance the continued growth of its leasing fleet. The new loan is non-recourse to Greenbrier, matures in July 2027 and has terms similar to Greenbrier Leasing's term loan completed in August 2021. Half of the loan amount was drawn at closing and the remaining balance is expected to be utilized in the next six months.
Lorie Tekorius, Chief Executive Officer & President said, "Liquidity in the current economic environment aligns with our leasing strategy and supports Greenbrier's broader goal to grow the services business. I would like to thank our banking group for their ongoing support of Greenbrier through this transaction. Importantly, interest rates on Greenbrier's long-term debt are fixed at attractive levels, with no material debt maturities until 2026. Strong liquidity, combined with our new railcar backlog valued at $3.6 billion as of May 31, 2022, and continued high lease fleet utilization, positions Greenbrier well to navigate current macroeconomic conditions."
About Greenbrier
Greenbrier, headquartered in Lake Oswego, Oregon, is a leading international supplier of equipment and services to global freight transportation markets. Through its wholly-owned subsidiaries and joint ventures, Greenbrier designs, builds and markets freight railcars and marine barges in North America, Europe and Brazil. We are a leading provider of freight railcar wheel services, parts, maintenance and retrofitting services in North America through our rail services business unit. Greenbrier manages 421,000 railcars and offers railcar management, regulatory compliance services and leasing services to railroads and other railcars owners in North America. GBX Leasing (GBXL) is a special purpose subsidiary that owns and manages a portfolio of leased railcars that originate primarily from Greenbrier's manufacturing operations. GBXL and Greenbrier own a lease fleet of 11,800 railcars. Learn more about Greenbrier at www.gbrx.com.
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: This press release may contain forward-looking statements, including any statements that are not purely statements of historical fact. Greenbrier uses words, and variations of words, such as "continue," "expect," "goal," "grow," "insulate," "navigate," "will," and similar expressions to identify forward-looking statements. These forward-looking statements include, without limitation, statements about backlog, leasing performance, financing, future liquidity, and other information regarding future performance and strategies. These forward-looking statements are not guarantees of future performance and are subject to certain risks and uncertainties that could cause actual results to differ materially from the results contemplated by the forward-looking statements. Factors that might cause such a difference include, but are not limited to, the following: the COVID-19 pandemic, variants thereof, governmental reaction thereto, and related economic disruptions (including, among other factors, operations and supply disruptions and labor shortages) inflation (including rising energy prices, interest rates, wages and other escalators) and policy reactions thereto (including actions by central banks); and war in Ukraine and related events. Our backlog of railcar units are not necessarily indicative of future results of operations. Certain orders in backlog are subject to customary documentation which may not occur. More information on potential factors that could cause our results to differ from our forward-looking statements is included in the Company's filings with the SEC, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's most recently filed periodic report on Form 10-K and subsequent reports on 10-Q. Except as otherwise required by law, the Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's opinions only as of the date hereof.
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SOURCE The Greenbrier Companies, Inc. | https://www.wtvm.com/prnewswire/2022/08/03/greenbrier-announces-new-150-million-term-loan/ | 2022-08-03T11:01:08Z | https://www.wtvm.com/prnewswire/2022/08/03/greenbrier-announces-new-150-million-term-loan/ | false | 12 |
First clinical data from ongoing Phase 1/2 trial show dose-dependent anti-tumor activity for investigational REGN5678 (PSMAxCD28) when combined with standard dose Libtayo, suggesting potential to overcome mCRPC resistance to PD-1 inhibition
Anti-cancer activity correlated with immune-related adverse events
These data provide early evidence and proof of principle for Regeneron's broader costimulatory bispecific platform, which includes three CD28 bispecifics in ongoing clinical trials and additional candidates in preclinical development
TARRYTOWN, N.Y., Aug. 3, 2022 /PRNewswire/ -- Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) today announced encouraging initial data from an ongoing Phase 1/2 trial investigating REGN5678, a novel PSMAxCD28 costimulatory bispecific antibody, in combination with the company's PD-1 inhibitor Libtayo® (cemiplimab) in advanced metastatic castration-resistant prostate cancer (mCRPC). REGN5678 is one of Regeneron's three clinical-stage costimulatory bispecifics, all of which are designed to bridge T cells to cancer cells and augment CD28 signaling to increase anti-tumor activity in combination with Libtayo or a CD3 bispecific.
"In past clinical trials, metastatic castration-resistant prostate cancer has been largely unresponsive to PD-1 inhibition and immunotherapy in general, leaving patients with inadequate treatment options, a poor prognosis and an expected survival of one to two years depending on the treatment history," said Mark Stein, M.D., a trial investigator and Associate Professor of Medical Oncology at Columbia University Vagelos College of Physicians and Surgeons. "These initial data provide the first clinical evidence indicating that a costimulatory bispecific antibody may synergistically combine with an anti-PD-1 agent such as Libtayo to enable activity against a tumor class previously resistant to anti-PD-1 immunotherapy. We look forward to further investigating the safety and efficacy of this combination."
The Phase 1/2, first-in-human, open label trial is currently enrolling patients with advanced mCRPC whose tumors have previously progressed on multiple anti-androgen therapies, with a majority also having received prior chemotherapy. In the Phase 1 dose-escalation portion, patients are initiated with weekly doses of REGN5678, for three weeks, to assess the safety and efficacy of this novel costimulatory antibody alone, which then continues in combination with standard dose Libtayo. The primary endpoints are safety, tolerability and pharmacokinetics. The key secondary endpoint is objective response rate defined as a ≥50% decline of prostate-specific antigen (PSA) from baseline and/or tumor shrinkage. PSA is a protein produced by the prostate gland and is commonly used as a biomarker to diagnose and follow prostate cancer, as many mCRPC patients have disease limited to bone lesions and cannot be assessed by conventional RECIST 1.1 criteria.
Preliminary data from the ongoing dose-escalation portion of the trial, across 8 dose level cohorts and a total of 33 patients, showed dose-dependent anti-tumor activity per centrally collected PSA values, as well as investigator reports. Not all patients have undergone or completed tumor assessments and the data are not yet final. At the lowest dose levels (cohorts 1-5), there was almost no evidence of anti-tumor activity, with only 1 of 17 patients showing a decrease (22%) in PSA; there were no ≥grade (Gr) 3 immune-related adverse events (irAE) at these doses. The lack of anti-tumor activity among these patients was consistent with the approximate 6% response rate reported in other trials with anti-PD1 monotherapy.
At the next three dose levels (cohorts 6-8), evidence of dose-dependent anti-tumor activity was generally seen within 6 weeks of starting combination treatment as follows:
- Cohort 6: 1 of 4 patients experienced a 100% decrease in PSA and a complete response (CR) in target lesions based on RECIST 1.1 criteria. The patient discontinued therapy due to a Gr3 irAE of the skin (that was considered to be a recurrence of a pre-existing condition, and has resolved with treatment per investigator report). The patient has maintained the 100% decrease in PSA and CR in target lesions for approximately 10 months to date per investigator report.
- Cohort 7: 3 of 8 patients experienced decreases in PSA of >99%, 44% and 22%. Two of these three patients had a Gr3 AE (aseptic encephalitis and seizure, respectively, both of which have resolved).
- Cohort 8: 3 of 4 patients experienced decreases in PSA of >99%, >99% and 82%. Of the two patients with >99% PSA reductions, one experienced a Gr3 case of mucositis (resolved) and the other experienced a Gr3 case of acute inflammatory demyelinating polyradiculopathy (ongoing).
In terms of safety, no ≥Gr3 irAEs were observed in patients without anti-tumor activity, and the occurrence of irAEs was correlated with anti-tumor activity; this is consistent with previous trials with anti-PD-1 immunotherapy, wherein irAEs have been reported to occur at a higher rate in responding patients. No Gr4 irAEs or ≥Gr2 cytokine release syndrome have been observed in the trial to date. There was one death that was considered unrelated to treatment. In this trial, irAEs are being treated according to standard management practices used for checkpoint inhibitors.
Additional data are planned for presentation at an upcoming medical meeting.
"Through extensive preclinical research, we hypothesized that augmenting T-cell costimulation alongside PD-1 inhibition could be a key to turning immunologically 'cold' tumors 'hot'," said George D. Yancopoulos, M.D., Ph.D., President and Chief Scientific Officer at Regeneron. "These preliminary data for our PSMAxCD28 costimulatory bispecific provide the first clinical evidence supporting the promise of our broader pipeline of costimulatory bispecifics in diverse solid tumors and hematological malignancies. By combining these costimulatory bispecifics with Libtayo or our CD3 bispecifics, we have the opportunity to create novel therapeutic synergies to address some of the most difficult-to-treat cancers. We look forward to partnering with the oncology community on this ambitious and potentially groundbreaking research."
The combination of REGN5678 and Libtayo is currently under clinical development for mCRPC, and its safety and efficacy have not been fully evaluated by any regulatory authority.
About Regeneron
Regeneron is a leading biotechnology company that invents, develops and commercializes life-transforming medicines for people with serious diseases. Founded and led for nearly 35 years by physician-scientists, our unique ability to repeatedly and consistently translate science into medicine has led to nine FDA-approved treatments and numerous product candidates in development, almost all of which were homegrown in our laboratories. Our medicines and pipeline are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, pain, hematologic conditions, infectious diseases and rare diseases.
Regeneron is accelerating and improving the traditional drug development process through our proprietary VelociSuite® technologies, such as VelocImmune®, which uses unique genetically humanized mice to produce optimized fully human antibodies and bispecific antibodies, and through ambitious research initiatives such as the Regeneron Genetics Center®, which is conducting one of the largest genetics sequencing efforts in the world.
For more information, please visit www.Regeneron.com or follow @Regeneron on Twitter.
Regeneron Forward-Looking Statements and Use of Digital Media
This press release includes forward-looking statements that involve risks and uncertainties relating to future events and the future performance of Regeneron Pharmaceuticals, Inc. ("Regeneron" or the "Company"), and actual events or results may differ materially from these forward-looking statements. Words such as "anticipate," "expect," "intend," "plan," "believe," "seek," "estimate," variations of such words, and similar expressions are intended to identify such forward-looking statements, although not all forward-looking statements contain these identifying words. These statements concern, and these risks and uncertainties include, among others, the impact of SARS-CoV-2 (the virus that has caused the COVID-19 pandemic) on Regeneron's business and its employees, collaborators, and suppliers and other third parties on which Regeneron relies, Regeneron's and its collaborators' ability to continue to conduct research and clinical programs, Regeneron's ability to manage its supply chain, net product sales of products marketed or otherwise commercialized by Regeneron and/or its collaborators or licensees (collectively, "Regeneron's Products"), and the global economy; the nature, timing, and possible success and therapeutic applications of Regeneron's Products and product candidates being developed by Regeneron and/or its collaborators or licensees (collectively, "Regeneron's Product Candidates") and research and clinical programs now underway or planned, including without limitation Libtayo® (cemiplimab-rwlc), REGN5678 (a PSMAxCD28 costimulatory bispecific antibody being studied in combination with Libtayo), and Regeneron's other investigational bispecific antibodies discussed or referenced in this press release; uncertainty of market acceptance and commercial success of Regeneron's Products and Regeneron's Product Candidates and the impact of studies (whether conducted by Regeneron or others and whether mandated or voluntary) on the commercial success of Regeneron's Products and Regeneron's Product Candidates; the likelihood, timing, and scope of possible regulatory approval and commercial launch of Regeneron's Product Candidates and new indications for Regeneron's Products, such as REGN5678 in combination with Libtayo for the treatment of metastatic castration-resistant prostate cancer; safety issues resulting from the administration of Regeneron's Products (such as Libtayo) and Regeneron's Product Candidates (such as REGN5678 and Regeneron's other investigational bispecific antibodies discussed in this press release) in patients, including serious complications or side effects in connection with the use of Regeneron's Products and Regeneron's Product Candidates in clinical trials; determinations by regulatory and administrative governmental authorities which may delay or restrict Regeneron's ability to continue to develop or commercialize Regeneron's Products and Regeneron's Product Candidates; ongoing regulatory obligations and oversight impacting Regeneron's Products, research and clinical programs, and business, including those relating to patient privacy; the availability and extent of reimbursement of Regeneron's Products (such as Libtayo) from third-party payers, including private payer healthcare and insurance programs, health maintenance organizations, pharmacy benefit management companies, and government programs such as Medicare and Medicaid; coverage and reimbursement determinations by such payers and new policies and procedures adopted by such payers; competing drugs and product candidates that may be superior to, or more cost effective than, Regeneron's Products and Regeneron's Product Candidates; the extent to which the results from the research and development programs conducted by Regeneron and/or its collaborators (including those discussed or referenced in this press release) may be replicated in other studies and/or lead to advancement of product candidates to clinical trials or therapeutic applications; the ability of Regeneron to manufacture and manage supply chains for multiple products and product candidates; the ability of Regeneron's collaborators, suppliers, or other third parties (as applicable) to perform manufacturing, filling, finishing, packaging, labeling, distribution, and other steps related to Regeneron's Products and Regeneron's Product Candidates; unanticipated expenses; the costs of developing, producing, and selling products; the ability of Regeneron to meet any of its financial projections or guidance and changes to the assumptions underlying those projections or guidance; the potential for any license or collaboration agreement, including Regeneron's agreements with Sanofi, Bayer, and Teva Pharmaceutical Industries Ltd. (or their respective affiliated companies, as applicable), to be cancelled or terminated; and risks associated with intellectual property of other parties and pending or future litigation relating thereto (including without limitation the patent litigation and other related proceedings relating to EYLEA® (aflibercept) Injection, Dupixent® (dupilumab), and Praluent® (alirocumab)), other litigation and other proceedings and government investigations relating to the Company and/or its operations, the ultimate outcome of any such proceedings and investigations, and the impact any of the foregoing may have on Regeneron's business, prospects, operating results, and financial condition. A more complete description of these and other material risks can be found in Regeneron's filings with the U.S. Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2021 and its Form 10-Q for the quarterly period ended June 30, 2022. Any forward-looking statements are made based on management's current beliefs and judgment, and the reader is cautioned not to rely on any forward-looking statements made by Regeneron. Regeneron does not undertake any obligation to update (publicly or otherwise) any forward-looking statement, including without limitation any financial projection or guidance, whether as a result of new information, future events, or otherwise.
Regeneron uses its media and investor relations website and social media outlets to publish important information about the Company, including information that may be deemed material to investors. Financial and other information about Regeneron is routinely posted and is accessible on Regeneron's media and investor relations website (http://newsroom.regeneron.com) and its Twitter feed (http://twitter.com/regeneron).
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SOURCE Regeneron Pharmaceuticals, Inc. | https://www.wtvm.com/prnewswire/2022/08/03/novel-costimulatory-bispecific-antibody-shows-encouraging-anti-tumor-activity-when-combined-with-pd-1-inhibitor-libtayo-cemiplimab-advanced-metastatic-castration-resistant-prostate-cancer-mcrpc/ | 2022-08-03T11:01:34Z | https://www.wtvm.com/prnewswire/2022/08/03/novel-costimulatory-bispecific-antibody-shows-encouraging-anti-tumor-activity-when-combined-with-pd-1-inhibitor-libtayo-cemiplimab-advanced-metastatic-castration-resistant-prostate-cancer-mcrpc/ | true | 12 |
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For inquiries related to this message please contact our support team and provide the reference ID below. | https://www.bloomberg.com/tosv2.html?vid=&uuid=80e8b5a1-131b-11ed-94fd-56706a676874&url=L25ld3MvYXJ0aWNsZXMvMjAyMi0wOC0wMy9kYW5pc2gtZ2FzLWZpZWxkLWRlbGF5cy1yZXN0YXJ0LXJhaXNpbmctc3Rha2VzLWluLWVuZXJneS1jcmlzaXM= | 2022-08-03T11:05:18Z | https://www.bloomberg.com/tosv2.html?vid=&uuid=80e8b5a1-131b-11ed-94fd-56706a676874&url=L25ld3MvYXJ0aWNsZXMvMjAyMi0wOC0wMy9kYW5pc2gtZ2FzLWZpZWxkLWRlbGF5cy1yZXN0YXJ0LXJhaXNpbmctc3Rha2VzLWluLWVuZXJneS1jcmlzaXM= | true | null |
Anderson, Tonya Gail-07/26/2022-disregarding stop sign-failure to notify adrs change to dept of trans-failure to wear seat belts-non-payment of court costs, fees or fines-oper mtr vehicle u/infl cont sub (189a.010(1d) — 1st
Bell, Khalil J.-07/21/2022-failure to appear
Cavanaugh, Jason C.-07/22/2022-failure of owner to maintain required ins/sec, 1st off-assault, 4th degree (domestic violence) minor injury-failure to appear-alcohol intox in a public place (1st & 2nd offense-disorderly conduct, 2nd degree-non-payment of court costs, fees or fines-assault 3rd degree-police officer or prob officer-tbut or disp shoplifting u/$500
Coleman, Richard A.-07/23/2022-failure to appear
Creek, Matthew Lynn-07/25/2022-non payment of fines
Cronk, Amanda M.-07/26/2022 -careless driving-driving on DUI suspended license -1st offense-fugitive (warrant not required)
Dearing, Joshua M.-07/27/2022-contempt of court libel/slander resistance to order
Dodson, Darrell Lynn-07/27/2022-contempt of court (juvenile public offense)
Eaves, Joseph s.-07/21/2022-failure to appear
Gorrell, Lee M.-07/27/2022-contempt of court (juvenile public offense)
Grace, Mandy J.-07/26/2022 -failure to appear-shock probation in felony convictions-non-payment of court costs, fees or fines-theft by deception-include cold checks u/$500-forgery, 2nd degree-fraud use cred card u/$500 w/6 month period
Guess, James W.-07/27/2022-contempt of court libel/slander resistance to order
Ingram, Thomas L.-07/24/2022-criminal mischief 3rd degree-oper mtr vehicle u/infl subst (189a.010(1c) — 1st
Lee, Billy Wayne-07/23/2022 -contempt of court libel/slander resistance to order
Marshall, KeashaS.-07/27/2022 -failure to appear
Moseley, Eddie Andrew-07/21/2022 -speeding, 15 mph over limit-reckless driving-fleeing or evading police, 1st degree (motor vehicle)-assault, 1st degree-wanton endangerment-1st degree-police officer
Nieves Ocasio, Jesus Antonio-07/26/2022-failure to appear-alcohol intox in a public place (1st & 2nd offense)-disorderly conduct, 2nd degree-resisting arrest
Ogg, Bethany s.-07/21/2022 -failure to appear
Roberts, James a.-07/27/2022-criminal mischief, 1st degree-wanton endangerment-1st degree
Roddy, Lisa Marie-07/27/2022 -hold for other
Shelton, Jacob D.-07/27/2022-contempt of court libel/slander resistance to order
Smith, Brandon T.-07/25/2022-failure to appear
Smith, Jalon D.-07/27/2022-operating on sus or rev oper license-carrying a concealed weapon
smith, victoria p.-07/27/2022 -failure to appear
Tankisley, Ricky-07/27/2022 -hold for other
Tinsley, Tammy L.-07/24/2022-failure to appear
Valdivia, Crecencio D.-07/26/2022-no operators-moped license-poss of open alc beverage cont in motor veh prohibited-failure to produce insurance card-oper mtr vehicle u/infl alc/subs (189a.010(1e) — 1st
Wilson, Beverly a.-07/26/2022 -operating on sus or rev oper license-failure of non-owner operator to maintain req ins/sec, 2nd off-failure to appear
Wilson, Wesley J.-07/21/2022-alcohol intox in a public place (1st & 2nd offense)-terroristic threatening, 3rd degree-harassing communications-use of a minor (u/18) in a sexual performance-possess/view matter portray sexual performance by minor-dist of matter portraying sexual perf by minor, 1st off | https://www.franklinfavorite.com/russellville/news/article_e2cc1835-f56e-5138-b693-014728eee5e6.html | 2022-08-03T11:09:40Z | https://www.franklinfavorite.com/russellville/news/article_e2cc1835-f56e-5138-b693-014728eee5e6.html | false | 1 |
Actor-singer Selena Gomez is in talks with 20th Century Studios to develop a reboot of 1988 comedy movie "Working Girl".
Directed by Mike Nichols, the original film starred actors Sigourney Weaver, Melanie Griffith and Harrison Ford.
lana Pena, creator of Disney+ series "Diary of a Future President", is adapting the screenplay for the film.
According to entertainment site Variety, the makers are planning to release the movie on streaming platform Hulu. No director is attached with the project as of now.
It's still unclear if Gomez will star in the “Working Girl” remake in addition to serving as a producer.
The original story follows an ambitious 30-something Staten Island secretary who takes over office operations while her boss is recovering from a broken leg. But when the secretary pitches a winning idea, her boss attempts to take credit.
The film was a critical and commercial success, earning over USD 100 million at the global box office. It received six Oscar nominations, including best picture and best director for Nichols.
The "Working Girl" reboot will mark Gomez's second collaboration with Hulu after comedy series "Only Murders in the Building". She produces the series and also stars in it opposite Steve Martin and Martin Short.
[With Inputs From PTI] | https://www.outlookindia.com/art-entertainment/selena-gomez-developing-reboot-of-1980s-comedy-working-girl--news-213881 | 2022-08-03T11:10:16Z | https://www.outlookindia.com/art-entertainment/selena-gomez-developing-reboot-of-1980s-comedy-working-girl--news-213881 | false | 3 |
NEW YORK, Aug. 3, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Missfresh Limited.
Shareholders who purchased shares of MF during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: This lawsuit is on behalf of persons who purchased or otherwise acquired Missfresh securities pursuant and/or traceable to the registration statement and related prospectus issued in connection with Missfresh's June 2021 initial public offering.
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Missfresh provided false financial figures in its registration statement and related prospectus issued in connection with the Company's June 2021 initial public offering; (2) Missfresh would need to amend its financial figures; (3) Missfresh, among other things, had lesser net revenues for the quarter ended March 31, 2021; and (4) as a result, defendants' public statements were materially false and misleading at all relevant times and negligently prepared.
DEADLINE: September 12, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/missfresh-lawsuit-loss-submission-form/?id=30484&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of MF during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is September 12, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
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Email: dg@securitiesclasslaw.com
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SOURCE The Gross Law Firm | https://www.wifr.com/prnewswire/2022/08/03/shareholder-alert-gross-law-firm-notifies-shareholders-missfresh-limited-class-action-lawsuit-lead-plaintiff-deadline-september-12-2022-nasdaq-mf/ | 2022-08-03T11:10:48Z | https://www.wifr.com/prnewswire/2022/08/03/shareholder-alert-gross-law-firm-notifies-shareholders-missfresh-limited-class-action-lawsuit-lead-plaintiff-deadline-september-12-2022-nasdaq-mf/ | false | 20527 |
With paddy sowing being completed in the Kharif season, Punjab recorded around a 2 percent year-on-year decline in the total area under paddy to 30.84 lakh hectares.
Last year, the total area under paddy was 31.41 lakh hectares in the state.
"The area under paddy this season stood at 30.84 lakh hectares," a senior official of the Punjab agriculture department said here.
The area under basmati paddy this season was expected to be around 4.60 lakh hectares, the official added.
The state received a low response for the direct seeding of rice technique, with just 82,000 hectares of the area being covered under this method as compared to the target of 12 lakh hectares in the Kharif sowing season.
The area under the DSR technique fell way short of the target despite a push by the Bhagwant Mann-led government.
The farmers had primarily blamed insufficient electricity for irrigating fields in May for sowing paddy with the DSR method.
Under the DSR technique, paddy seeds are drilled into the field with the help of a machine that does seeding of rice and spray of herbicide simultaneously.
According to the traditional method, first young paddy plants are raised by farmers in nurseries and then these plants are uprooted and transplanted in a puddled field.
The DSR method needs far less water for irrigation, improves percolation, reduces dependence on farm labor and improves soil health, thus enhancing the yield of both paddy and wheat by 5-10 percent.
It also helps in saving nearly about 15-20 percent of water compared to the conventional puddling method.
The state government had announced Rs 1,500 per acre for farmers who opt for the DSR technique.
(Inputs from PTI) | https://www.outlookindia.com/national/punjab-records-30-84-lakh-hectares-under-paddy-this-season-news-213883 | 2022-08-03T11:12:20Z | https://www.outlookindia.com/national/punjab-records-30-84-lakh-hectares-under-paddy-this-season-news-213883 | false | 2 |
CHICAGO (AP) _ Exelon Corp. (EXC) on Wednesday reported second-quarter earnings of $465 million.
The Chicago-based company said it had net income of 47 cents per share. Earnings, adjusted for pretax gains, were 44 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.
The energy company posted revenue of $4.24 billion in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $4.12 billion.
Exelon expects full-year earnings in the range of $2.18 to $2.32 per share.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EXC at https://www.zacks.com/ap/EXC | https://www.sheltonherald.com/business/article/Exelon-Q2-Earnings-Snapshot-17347752.php | 2022-08-03T11:16:09Z | https://www.sheltonherald.com/business/article/Exelon-Q2-Earnings-Snapshot-17347752.php | false | null |
LONDON: Britain’s Supreme Court on Tuesday refused to prevent a hospital withdrawing life support from a 12-year-old boy with catastrophic brain damage, rejecting a bid by his parents to extend his treatment.
The parents of Archie Battersbee had asked Supreme Court justices to block a lower court’s ruling that the Royal London Hospital can turn off the boy’s ventilator and stop other interventions that are keeping him alive.
Archie’s treatment had been due to end at noon Tuesday, but the hospital said it would await the decision of the Supreme Court.
Justices at the UK’s top court said Archie had “no prospect of any meaningful recovery,” and even with continued treatment would die in the next few weeks from organ and heart failure. The judges agreed with a lower court that continuing treatment “serves only to protract his death.”
Archie’s mother, Hollie Dance, said the family would “fight until the end,” but it was unclear what legal options they have left.
Archie was found unconscious at home with a ligature over his head on April 7. His parents believe he may have been taking part in an online challenge that went wrong.
Doctors believe Archie is brain-stem dead and say continued life-support treatment is not in his best interests. Several British courts have agreed.
The family appealed to the UN Committee on the Rights of Persons with Disabilities, and wanted the withdrawal of treatment put on hold while the committee examines the case.
“We do not understand what the rush is and why all of our wishes are being denied,” Dance said.
The case is the latest in the UK that has pitted the judgment of doctors against the wishes of families. In several cases, including this one, the families have been backed by a religious pressure group, Christian Concern.
Under British law, it is common for courts to intervene when parents and doctors disagree on the treatment of a child. In such cases, the rights of the child take primacy over the parents’ right to decide what’s best for their offspring.
On Monday, the Court of Appeal said that “every day that (Archie) continues to be given life-sustaining treatment is contrary to his best interests and, so, a stay, even for a short time, is against his best interests.”
A panel of three Supreme Court judges said it could only overturn that ruling “if it is satisfied that the Court of Appeal has made an error of law or principle.” It said it “is not persuaded that there is an arguable case that the Court of Appeal has so erred.”
“The panel reaches this conclusion with a heavy heart and wishes to extend its deep sympathy to Archie’s parents at this very sad time,” the court said. | https://www.arabnews.com/node/2134891/world | 2022-08-03T11:24:43Z | https://www.arabnews.com/node/2134891/world | false | 39 |
The waterway followed the Rivers Wreake and Eye from the River Soar near Syston to a cargo basin close to where the Melton Borough Council offices are now. The basin was also the start of the 16-mile Oakham canal with The Boat Inn then operating as an attractive quayside pub.
It was a busy commercial route between 1797 and 1877 with horse-drawn barges bringing Derbyshire coal into the basin and agricultural produce, wood and manure being taken in the opposite direction for export to the rest of the country.
Melton and Oakham Waterways Society (MOWS), a charity formed in 1997 with the aim of restoring the Navigation, has published the new book of walks to encourage more people to discover the waterways which was Melton’s link to the national canal network throughout the 1800s.
The six walks along the Rivers Eye and Wreake follow, as closely as possible, the original route of the Navigation, from Melton Mowbray to Cossington, a distance of just over 16 miles.
MOWS committee member, Geof Malone, who compiled the book for the society said: “I’m hoping the book will help make more people aware of the Navigation’s history and what MOWS are doing to restore it and once again enable boats to sail into the centre of town.
“These are delightful walks through some beautiful countryside and lovely villages and there’s some fascinating history.”
The walks in the book are based on the original Wreake Valley Way route but they have been updated and expanded and now include information about the villages and other points of interest along the way.
Most of them take around a couple of hours for both the outward and return journey and some include a circular route.
It is no longer possible to walk alongside the river all the way because, when the Navigation was abandoned in the late 19th century, the towpath – along which horses would pull cargo barges – reverted to private landowners. Most of the 12 original locks which were built to maintain water levels for mills and enable barges to travel uphill, can, however, still be seen, with some in remarkably good condition.
The walks featured are: Melton Mowbray to Eye Kettleby Lock; Eye Kettleby Lock to Kirby Bellars; Kirby Bellars to Frisby on the Wreake; Frisby on the Wreake to Hoby; Hoby to Thrussington or Ratcliffe on the Wreake; Ratcliffe on the Wreake to Three Way Bridge and the River Soar
The book contains details of how to get to the starting points (and return) either by car or bus and walks can be undertaken individually or linked together.
Costing £3.95, the 40-page book is currently available at Melton Sports in King Street, Melton; Grange Garden Centre at Asfordby Hill; Hilltop Farm shop, the Country Park cafe; Frisby post office; and will shortly be on sale in other outlets. | https://www.meltontimes.co.uk/news/people/new-book-showcases-walks-along-the-melton-navigation-3791948 | 2022-08-03T11:26:09Z | https://www.meltontimes.co.uk/news/people/new-book-showcases-walks-along-the-melton-navigation-3791948 | false | 1 |
Former assistant Chris Armas believes dressing room leaks and the club's exit from the Champions League were the two most detrimental factors at Manchester United last season.
Ralf Rangnick was appointed interim manager of United in November following the sacking of Ole Gunnar Solskjaer and he brought Armas to the club as his assistant coach. The duo both left at the end of the season, however, after a disastrous period in charge that saw the club finish sixth in the Premier League and trophyless.
United's slim hopes of winning any silverware were ended when they were dumped out of the Champions League by Atletico Madrid, when they lost at home, having already secured a creditable draw away. And Armas believes the European exit knocked the momentum out of the progress United had been making under Rangnick, something further hampered by a number of dressing room leaks.
READ MORE: Rangnick assistant explains how to solve Ronaldo problem
"People that know me know what I care about and how much I value the team and what happens 'on the inside' as we say," he told Sky Sports. "When things are trying to penetrate and negativity is coming from the outside, and to be honest with you, a lot of it was untrue. I can tell you a lot of it was untrue.
"It does create negativity. I think all those players, myself included, we know you can't listen to the noise, but you did get a sense that there was some of... we are trying to become a team. That is always the process. At Manchester United, at the time we arrived, all of us were trying to really come together.
“I think Ralf did a really good job stabilising things when we got there. After the Champions League exit and not getting a result at home, I think we let that one go for sure. You can see the air got sucked out a little bit in what we were doing.”
READ NEXT: | https://www.manchestereveningnews.co.uk/sport/football/football-news/manchester-united-rangnick-armas-news-24656505 | 2022-08-03T11:26:20Z | https://www.manchestereveningnews.co.uk/sport/football/football-news/manchester-united-rangnick-armas-news-24656505 | true | 1 |
Erik ten Hag says it is 'unacceptable' for any Manchester United player to leave the stadium early after Cristiano Ronaldo and a number of other players were spotted leaving Old Trafford at the weekend.
Ronaldo, 37, was seen leaving the club's home stadium along with compatriot Diogo Dalot during their 1-1 draw with Rayo Vallecano at the weekend, without the permission of Ten Hag to do so.
The Portuguese forward was substituted at half-time after his first appearance for the club in 12 weeks and was photographed entering the players' car park at around the 80th-minute mark of the match.
READ MORE: Ronaldo leaves friendly before final whistle
United refused to comment on whether Ronaldo's early departure was sanctioned by Ten Hag at the time, who was not asked about the Portuguese after the match by MUTV.
Now the United manager has broken his silence on the matter and reiterated that it is unacceptable for any player to leave while his teammates are still playing.
"He was absent (from the pre-season tour) due to personal circumstances. So it's now how he puts it," Ten Hag told Viaplay Sport Nederland.
When asked about Ronaldo leaving the Rayo Vallecano match early, the United manager took the attention away from Ronaldo specifically before condemning the behaviour.
"There were many more who went home," he added. "So you condoned that? Certainly not. It's unacceptable, for everybody.
"I tell them. That it is unacceptable and that we are a team, so a selection. That you have to stay until the end."
NEXT UP: | https://www.manchestereveningnews.co.uk/sport/football/football-news/manchester-united-ten-hag-ronaldo-24658479 | 2022-08-03T11:26:30Z | https://www.manchestereveningnews.co.uk/sport/football/football-news/manchester-united-ten-hag-ronaldo-24658479 | true | 1 |
Bulgaria: Masks become Mandatory Indoors in Sofia
New measures against the spread of the coronavirus are being introduced on the territory of Sofia, this is stated in an order of the Regional Health Inspectorate (RHI)-Sofia.
The order takes effect on August 4 and will last for 30 days. All persons, when they are in closed places that are accessible to citizens and/or intended for public use, including medical institutions, pharmacies, opticians, the specialized institutions for the provision of social services and those for social services of a residential type for children and adults, administrative institutions and other places where citizens are served or have access, commercial establishments, means of transport for public transport (tram, trolleybus, metro trains, taxi cars and shuttle taxis), railway stations, bus stations, Sofia airport, metro stations, are required to have a protective face mask for single or multiple use.
In addition, masks are mandatory in commercial establishments such as malls and supermarkets
Exceptions are allowed for:
a) children up to 6 years of age;
b) staff and customers in catering and entertainment establishments within the meaning of Article 124 of the Law on Tourism, gaming halls and casinos.
c) those exercising indoors for the duration of the physical activity (fitness, training establishments);
d) participants in congress-conference events, briefings, press conferences and seminars during speeches (lecture, presentation, etc.) while observing a physical distance of 1.5 m from other participants;
e) the participants (hosts and guests) in television shows, observing a physical distance of 1.5 m from the other participants;
f) in direct customer service, requiring a distance of less than 1.5 meters, the use of a protective face mask is mandatory. As an exception, customer service without a protective face mask is allowed when mechanical partitions made of glass or other transparent material are provided, allowing wet cleaning and disinfection.
All employers and appointing authorities have to organize the implementation of anti-epidemic measures in the workplaces, as follows: a) regular ventilation and disinfection; b) not allowing persons with manifestations of acute respiratory diseases (fever, headache, runny nose, cough, difficulty breathing, etc.) to work premises; c) instructing staff on proper hand hygiene; d) creation of an organization to ensure a physical distance between persons of at least 1.5 m, and if this is not possible - wearing a protective face mask; 5. If possible and at their discretion, employers and appointing authorities have to create the possibility of remote work (home office) or establish working hours with variable limits or shift work, incl. limiting non-essential contacts at workplaces.
The order also states that visits to medical facilities for hospital care and hospices are limited. Only visits are allowed for patients with a stay of more than 5 days - at the discretion of the attending physician regarding the patient's state of health and the risk of infection with COVID-19. In the specialized institutions for the provision of social services and those for social services of the residential type for children and adults, visits by outsiders are allowed as an exception and at the discretion of the director of the institution, subject to compliance with the introduced anti-epidemic measures to maintain a physical distance of 1.5 m .and wearing a protective face mask.
RHI-Sofia adds that the measures also apply to persons providing administrative and other services to citizens, who should use the means of information and communication technologies and, if possible, provide the relevant services in an electronic environment.
The order is subject to appeal within one month from its publication on the website of the Metropolitan RHI before the Administrative Court of Sofia-city according to the procedure of the APC.
However, the administrative act is subject to preliminary execution, and the appeal does not stop the execution of the order.
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- » Bulgarian Professor: The New Health Minister might Change the Approach to Controlling the Covid Epidemic
- » COVID-19 in Bulgaria: The Number of Hospitalized Patients remains High
- » COVID-19 in Bulgaria: Over 2,600 New Cases in the Last 24 hours
- » Bulgaria can receive up to 1,820 doses of Monkeypox Vaccines from Brussels
- » COVID-19 in Bulgaria: The Number of Hospitalized Patients is Increasing
- » Bulgaria: Hospital Referrals are now Issued Electronically | https://www.novinite.com/view_news.php?id=216134 | 2022-08-03T11:28:34Z | https://www.novinite.com/view_news.php?id=216134 | true | 1 |
WAYNE, Pa. (AP) _ Aclaris Therapeutics Inc. (ACRS) on Wednesday reported a loss of $20.5 million in its second quarter.
On a per-share basis, the Wayne, Pennsylvania-based company said it had a loss of 31 cents.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 36 cents per share.
The specialty pharmaceutical company posted revenue of $1.5 million in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $1.6 million.
Aclaris shares have declined slightly more than 2% since the beginning of the year. The stock has dropped roughly 6% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACRS at https://www.zacks.com/ap/ACRS | https://www.newstimes.com/business/article/Aclaris-Q2-Earnings-Snapshot-17347783.php | 2022-08-03T11:29:04Z | https://www.newstimes.com/business/article/Aclaris-Q2-Earnings-Snapshot-17347783.php | false | null |
DALLAS (AP) _ Berry Petroleum Corp. (BRY) on Wednesday reported second-quarter net income of $43.4 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Dallas-based company said it had net income of 52 cents. Earnings, adjusted for non-recurring costs, came to 64 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.
The independent upstream energy company posted revenue of $253.1 million in the period.
Berry Petroleum shares have risen 3% since the beginning of the year. The stock has risen 55% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BRY at https://www.zacks.com/ap/BRY | https://www.newstimes.com/business/article/Berry-Petroleum-Q2-Earnings-Snapshot-17347786.php | 2022-08-03T11:29:34Z | https://www.newstimes.com/business/article/Berry-Petroleum-Q2-Earnings-Snapshot-17347786.php | false | null |
SAULIEU, France (AP) — French lawmakers on Wednesday are expected to approve a 20 billion-euro ($20.3-billion) package of measures meant to help struggling households cope with rising energy and food prices.
The vote comes after a heated debate at the National Assembly, where President Emmanuel Macron no longer has a majority.
The bill was a key promise from Macron, who was reelected for a second term in April. It was also a crucial test of the government’s ability to govern — and opposition forces’ ability to weigh on the law-making process.
Macron’s centrist alliance won the most seats at the National Assembly in elections in June but lost its absolute majority as a leftist coalition and the far right both made big gains, becoming strong opposition forces.
The government offered to make compromises on a case-by-case basis with other political forces to avoid legislative deadlock.
The so-called “emergency bill on purchasing power” is expected to be definitively approved Wednesday after the National Assembly and the Senate found an agreement on the text earlier this week.
An earlier version of the bill was backed by members of Macron’s alliance, the conservative The Republicans party and the far-right National Rally.
It has been debated at parliament alongside an updated version of the budget law, which is to be voted on later this week.
The leftist Nupes coalition — the largest opposition force, composed of the far-left, Communists, Socialists and the Greens — criticized the measures as not going far enough. Its members are expected to vote against or abstain.
Heated discussions at the National Assembly led the debate to be extended to evenings and weekends, with lawmakers of Macron's alliance sometimes needing to sprint into the chamber in efforts to stop opposition amendments from passing.
"Your purchasing power is our priority,” French government spokesperson Olivier Veran tweeted. “To protect you from inflation, we maintained the price cap on gas and electricity and set a price cap to limit rent increases to 3.5%.”
The bill also includes increasing pensions and some welfare payments by 4%.
Regarding fuel, a current state-financed rebate of 18 cents per liter will be increased to 30 cents in September and October.
Private companies that make profits are also encouraged to offer their employees an annual tax-free bonus of up to 6,000 euros — in line with a campaign promise from Macron. | https://www.thehour.com/news/article/French-parliament-to-vote-on-purchasing-power-17347719.php | 2022-08-03T11:29:47Z | https://www.thehour.com/news/article/French-parliament-to-vote-on-purchasing-power-17347719.php | false | 21 |
Cheeky fan steals show by flashing her BUM and twerking live on BBC Commonwealth Games TV coverage
A RUGBY fan caught the BBC cameras by surprise by TWERKING as she was filmed in the crowd at the Commonwealth Games.
The rugby sevens action was hilariously interrupted as one fan showed off her dancing - and her bum.
Cameras picked up three women enjoying their day out in Coventry at the Commonwealth Games.
But as the fan in the middle spotted herself on the big screen, she seized her moment with both hands.
After taking a swig of her drink, the supporter stood up and turned her bum to the camera before starting to twerk.
While her friends were left in hysterics by the X-rated performance, the BBC team was caught completely off guard.
She even lifted her skirt to flash her bottom, much to the surprise of those watching.
The stunned BBC commentator said there is "plenty of dancing" going on in the crowd, before the cameras quickly cut away and back to the match action.
On the pitch South Africa stunned hot favourites Fiji 31-7 to take the gold medal in the men's final.
And Australia scooped the gold in the women's event with a 22-12 win, also against Fiji.
Most read in Rugby Union
JOIN SUN VEGAS: GET A FREE £10 BONUS WITH 100s OF GAMES TO PLAY AND NO DEPOSIT REQUIRED (Ts&Cs apply)
Elsewhere at the Commonwealth Games boxer Billy McAllister suffered a horror cut following a nasty clash of heads.
The Aussie fighter was left with a 3cm cut over his eye.
The fight was called to a premature ending following the injury, with McAllister's opponent Jerone Ellis deemed the victor via split decision. | https://www.thesun.co.uk/sport/19403941/fan-twerk-commonwealth-games-bbc-coverage-rugby-sevens/ | 2022-08-03T11:32:04Z | https://www.thesun.co.uk/sport/19403941/fan-twerk-commonwealth-games-bbc-coverage-rugby-sevens/ | false | 8 |
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Image: @disneyplushotstar/Instagram
Actor Pankaj Tripathi is all set for his forthcoming venture Criminal Justice, in which he will be seen playing the effervescent lawyer Madhav Mishra. On August 3, Disney+Hotstar dropped an intriguing teaser for the show's third season, titled Criminal Justice: Adhura Sach. The upcoming season will see Madhav Mishra aka Pankaj Tripathi taking on Lekha aka Shweta Basu Prasad, who will play assistant public prosecutor.
The new season will see Pankaj Tripathi take on a new adventure where he questions the limits of laws. Madhav Mishra will take a deep dive into the legal battles of his clients.
The short teaser sees a woman approaching the doorsteps of Pankaj Tripathi as she says, "I'm Avantika Ahuja. I need your help sir." This seemingly shocks Tripathi, following which the teaser cuts into a glimpse of the court where he will be fighting his next case. The video also gives a glimpse of his opponent Shweta saying that the case is 'simple and straight', but he assures her that there's more to be read in it. It is pertinent to note that the client's face has not been revealed yet.
Watch the teaser here:
Sharing the teaser on their Instagram handle, Disney+Hotstar wrote, "Haarna inke syllabus mein nahi hai aur inka jyaada intezaar karna hamare. Madhav Mishra is coming back to the courtroom very soon! #HotstarSpecials #CriminalJustice Adhura Sach - coming soon. #CriminalJustice3 #CriminalJusticeOnHotstar (sic)".
As per Indian Express, Pankaj Tripathi said in a statement, "With the character of Madhav Mishra, I have been fortunate enough to explore them in Hotstar Specials’ Criminal Justice series across seasons. In the new season, he sets out on a new adventure where he questions the limits of our laws. There is much more to look out for in this season, with Madhav Mishra taking a deep dive into the legal battles of his clients."
Helmed by Rohan Sippy, Criminal Justice 3 is an Indian adaptation of the BBC Studios drama series of the same name, and earlier starred Vikrant Massey and Kirti Kulhari playing the lead roles. Criminal Justice Season One was released on 5 April 2019, which turn out to be a big hit. In December 2020, the second season was also released which got rave reviews from fans as well as critics. | https://www.republicworld.com/entertainment-news/web-series/criminal-justice-3-teaser-pankaj-tripathi-and-shweta-basu-face-each-other-in-legal-battle-articleshow.html | 2022-08-03T11:32:28Z | https://www.republicworld.com/entertainment-news/web-series/criminal-justice-3-teaser-pankaj-tripathi-and-shweta-basu-face-each-other-in-legal-battle-articleshow.html | false | 1 |
Pinnacle Associates Ltd. lifted its position in United Airlines Holdings, Inc. (NASDAQ:UAL – Get Rating) by 13.3% during the 1st quarter, HoldingsChannel reports. The firm owned 10,094 shares of the transportation company’s stock after acquiring an additional 1,185 shares during the quarter. Pinnacle Associates Ltd.’s holdings in United Airlines were worth $468,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Addison Advisors LLC increased its holdings in shares of United Airlines by 307.7% in the first quarter. Addison Advisors LLC now owns 583 shares of the transportation company’s stock worth $27,000 after purchasing an additional 440 shares during the last quarter. Citizens National Bank Trust Department bought a new stake in shares of United Airlines in the fourth quarter worth about $31,000. EverSource Wealth Advisors LLC bought a new stake in shares of United Airlines in the fourth quarter worth about $34,000. CENTRAL TRUST Co bought a new stake in United Airlines during the first quarter worth approximately $35,000. Finally, Wahed Invest LLC bought a new stake in United Airlines during the fourth quarter worth approximately $42,000. 57.92% of the stock is owned by institutional investors.
United Airlines Stock Down 1.2 %
Shares of NASDAQ UAL opened at $37.23 on Wednesday. The company has a debt-to-equity ratio of 7.41, a quick ratio of 0.99 and a current ratio of 1.04. The firm has a market capitalization of $12.16 billion, a price-to-earnings ratio of -9.82 and a beta of 1.29. The stock has a 50 day moving average price of $39.23 and a 200 day moving average price of $42.45. United Airlines Holdings, Inc. has a 52-week low of $30.54 and a 52-week high of $54.52.
Analyst Upgrades and Downgrades
UAL has been the topic of several analyst reports. BNP Paribas cut United Airlines from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $38.00 to $33.00 in a research note on Thursday, July 7th. Exane BNP Paribas cut United Airlines from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $38.00 to $33.00 in a research note on Thursday, July 7th. Susquehanna Bancshares cut United Airlines to a “neutral” rating and set a $35.00 price objective on the stock. in a research note on Monday, July 25th. Evercore ISI reduced their price objective on United Airlines to $38.00 in a research note on Friday, July 22nd. Finally, UBS Group cut United Airlines from a “buy” rating to a “neutral” rating and set a $51.00 price objective on the stock. in a research note on Monday, April 18th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, United Airlines currently has a consensus rating of “Hold” and a consensus target price of $52.75.
Insider Activity at United Airlines
In related news, VP Chris Kenny sold 9,700 shares of the business’s stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $47.88, for a total value of $464,436.00. Following the completion of the sale, the vice president now owns 19,605 shares in the company, valued at $938,687.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other United Airlines news, VP Chris Kenny sold 9,700 shares of the company’s stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $47.88, for a total transaction of $464,436.00. Following the completion of the sale, the vice president now owns 19,605 shares in the company, valued at $938,687.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Jonathan Roitman sold 13,939 shares of the company’s stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $36.85, for a total value of $513,652.15. Following the sale, the chief operating officer now owns 13,938 shares of the company’s stock, valued at approximately $513,615.30. The disclosure for this sale can be found here. Over the last quarter, insiders bought 100,000 shares of company stock worth $3,910,500. Company insiders own 0.37% of the company’s stock.
United Airlines Profile
United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, training, and maintenance services for third parties.
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Want to see what other hedge funds are holding UAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Airlines Holdings, Inc. (NASDAQ:UAL – Get Rating).
Receive News & Ratings for United Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Airlines and related companies with MarketBeat.com's FREE daily email newsletter. | https://www.americanbankingnews.com/2022/08/03/pinnacle-associates-ltd-increases-holdings-in-united-airlines-holdings-inc-nasdaqual.html | 2022-08-03T11:36:06Z | https://www.americanbankingnews.com/2022/08/03/pinnacle-associates-ltd-increases-holdings-in-united-airlines-holdings-inc-nasdaqual.html | false | 1 |
KAPOLEI, Hawaii, Aug. 3, 2022 /PRNewswire/ -- Amid the ongoing infant formula shortage, families are experiencing additional stress as they struggle to find nutritious options for their babies. 'Ohana Health Plan is performing outreach to its members with infants who may be impacted and encourages families to exercise caution with alternative feeding options and is providing resources to help families identify healthy and safe feeding options.
Around the country, supply chain issues have affected the availability of infant formula for children ages 0-12 months, and while efforts have been made by the federal government to increase availability, many parents across Hawaii continue to struggle to find formula – particularly those in rural and underserved areas. Infant formula is critical to the health and development of newborns. According to the Centers for Disease Control and Prevention (CDC), only 1 in 4 parents exclusively breastfeed their children up to the age of 6 months, leaving the overwhelming majority of parents and caregivers at least partially dependent on formula.
"At 'Ohana Health Plan, we understand how critical infant formula is to a newborn's health and development, as it has the right balance of nutrients needed for growth," said Scott Sivik, Plan President and CEO. "That's why the increased cost and scarce availability of infant formula is distressing for families, especially those living in rural and underserved communities in Hawaii.
If impacted by infant formula shortages, 'Ohana Health Plan is encouraging families to follow the following guidelines and to seek out community resources for additional support, as needed:
- DO talk with your pediatrician and ask if they have supplies of formula. Your local WIC office may also be able to suggest places to look.
- DO check smaller stores and local community pharmacies, which may not be out of supply when the bigger stores are.
- DO try new formulas. Many babies can switch brands of formula, including generic store brands, unless your infant is on a specific extensively hydrolyzed or amino acid-based formula. Ask your pediatrician about recommended specialty formula alternatives available for your infant.
- DO NOT make a homemade formula or use imported formulas. This is not safe for your infant, as there are specific nutritional needs for an infant. The FDA reviews and makes sure that all infant formula sold in U.S. stores meets very strict rules about their ingredients to ensure it supports healthy growth and development.
- DO NOT switch to cow's milk or other milk substitutes from the dairy section of the grocery store, such as almond or soy beverages (sometimes labeled as milk). This is true for babies 0 – 12 months of age.
- DO NOT water down formulas or use toddler formulas for infants younger than 12 months old. This includes adding more water when mixing powdered formula or adding extra water to ready-to-serve, non-concentrated liquid formula. Both practices affect the nutrition your infant is getting.
- DO NOT purchase expired or damaged cans. Check expiration dates.
For families impacted by infant formula shortages, 'Ohana Health Plan members can call toll-free for supply assistance at 1-888-846-4262, TTY 711, Monday – Friday from 7:45 a.m. to 4:30 p.m. or visit the free community resource database at www.GoAskAunty.OhanaHealthPlan.com.
About 'Ohana Health Plan
'Ohana Health Plan provides government-sponsored managed care services to families—from keiki to kupuna—and individuals with complex medical needs primarily through Medicaid, Medicare Advantage (Wellcare), and Medicare Prescription Drug Plans (Wellcare) across the state. 'Ohana Health Plan is a wholly owned subsidiary of Centene Corporation, a leading multi-national healthcare enterprise committed to helping people live healthier lives. For more information, please visit www.ohanahealthplan.com.
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SOURCE 'Ohana Health Plan | https://www.kwqc.com/prnewswire/2022/08/03/ohana-health-plan-provides-guidance-safely-feeding-newborns-during-infant-formula-shortage/ | 2022-08-03T11:39:06Z | https://www.kwqc.com/prnewswire/2022/08/03/ohana-health-plan-provides-guidance-safely-feeding-newborns-during-infant-formula-shortage/ | false | 11 |
FOSHAN, China, Aug. 3, 2022 /PRNewswire/ -- Bright Scholar Education Holdings Limited ("Bright Scholar," the "Company," "we" or "our") (NYSE: BEDU), a global premier education service company, today announced that it has redeemed all of its outstanding senior notes matured (the "Redemption") on July 31, 2022 (the "Maturity Date"). The redemption price included the principal amount of all outstanding Senior Notes of US$223,984,000 and the interest of US$8,343,404 accrued till the day before the Maturity Date. The redemption price paid by the Company on the Maturity Date is US$232,327,404.
The Company believes the Redemption will not have an adverse and material impact on its financial position. Upon the completion of the Redemption, all senior notes have been cancelled and delisted from the official list of the Hong Kong Stock Exchange.
About Bright Scholar Education Holdings Limited
Bright Scholar is a global premier education service company, which primarily provides quality international education to global students and equip them with the critical academic foundation and skillsets necessary to succeed in the pursuit of higher education. Bright Scholar also complements its international offerings with Chinese government-mandated curriculum for students who wish to maintain the option of pursuing higher education in China.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company's business plans and development, which can be identified by terminology such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.
IR Contact:
GCM Strategic Communications
Email: BEDU.IR@gcm.international
Media Contact:
Email: media@brightscholar.com
Phone: +86-757-6683-2507
View original content:
SOURCE Bright Scholar Education Holdings Ltd. | https://www.kotatv.com/prnewswire/2022/08/03/bright-scholar-completes-redemption-its-remaining-outstanding-745-senior-notes-due-2022/ | 2022-08-03T11:39:22Z | https://www.kotatv.com/prnewswire/2022/08/03/bright-scholar-completes-redemption-its-remaining-outstanding-745-senior-notes-due-2022/ | true | 65 |
Pro-Trump activists swamp election officials with sprawling records requests
By Nathan Layne
Aug 3 (Reuters) - Pro-Trump operatives are flooding local officials with public-records requests to seek evidence for the former president´s false stolen-election claims and to gather intelligence on voting machines and voters, adding to the chaos rocking the U.S. election system.
The Maricopa County Recorder's Office in Arizona, an election battleground state, has fielded 498 public records requests this year - 130 more than all of last year. Officials in Washoe County, Nevada, have fielded 88 public records requests, two-thirds more than in all of 2021. And the number of requests to North Carolina´s state elections board have already nearly equaled last year´s total of 229.
The surge of requests is overwhelming staffs that oversee elections in some jurisdictions, fueling baseless voter-fraud allegations and raising concerns about the inadvertent release of information that could be used to hack voting systems, according to a dozen election officials interviewed by Reuters.
Republican and Democratic election officials said they consider some of the requests an abuse of freedom-of-information laws meant to ensure government transparency. Records requests facing many of the country's 8,800 election offices have become "voluminous and daunting" since the 2020 election, said Kim Wyman, head of election security at the federal Cybersecurity and Infrastructure Security Agency (CISA). Last year, when she left her job as Washington secretary of state, the state´s top election official, her office had a two-year backlog of records requests.
"You still have a group of people in each state that believe that the election was stolen," said Wyman, a Republican.
In April, the official in Arizona´s Maricopa County in charge of responding to public records requests, Ilene Haber, assigned four of her nine staffers to pull 20,000 documents out of holding boxes, sort them for scanning, and then carefully return them to their proper place. It took four days.
The staffers were filling just one of several records requests from Haystack Investigations, who had asked for chain-of-custody records for all 2.1 million ballots cast in the election. The firm says on its website that it conducts a variety of investigations for companies, law firms and individuals. The company worked on Arizona's "forensic audit," the examination of Trump's defeat in the county by pro-Trump partisans that ended last year without uncovering voter fraud.
The labor-intensive Haystack requests illustrate the growing challenge facing stretched election offices across the country. In Maricopa County, which includes Phoenix, extensive requests like the one submitted by Haystack make up about one-quarter of the total the office has received this year, said Haber, the director of communications and constituent services in the Maricopa County Recorder's Office.
"The requests are getting bigger, more detailed, more burdensome, and going back even further" in time, she said.
Heather Honey, who heads Pennsylvania-based Haystack, said the requests were unrelated to the firm´s work on the Arizona audit and were for her own research. "All are meaningful and contribute to specific professional research activities," said Honey, who has sought similar election-related records in Pennsylvania.
The local officials told Reuters that the surge in requests from election deniers is drowning their staffs in extra work at a time when they are struggling to recruit and retain voting administrators vital to democracy. Election workers have already endured an onslaught of death threats and harassment from Trump activists. Reuters has documented more than 900 such hostile messages since the 2020 vote.
"The concern is burnout," said Jamie Rodriguez, the interim registrar of voters in Washoe County, Nevada. "With burnout does come the potential for mistakes."
Rodriguez took over this week from the former registrar, who resigned after being targeted with death threats and other harassment.
Ryan Macias, an election security consultant for CISA, likened the swarm of records request to a denial-of-service cyber-attack, in which hackers attempt to overwhelm a network with internet traffic, and said it was creating potential security risks given the stresses already weighing on election workers.
"We have the attrition rate; we have people who are under threat from the community, people who are getting death threats, people who are overworked," Macias said at a gathering of state election directors in Wisconsin on July 19.
SECURITY RISKS
All 50 U.S. states have freedom-of-information laws that are used routinely by journalists, advocates, academics and everyday citizens to access records on government. Such statutes aim to ensure the public has the information needed to hold their leaders accountable. Local officials told Reuters they believe in the importance of such laws and said they are trying to find creative ways to lessen the burden of the election-related requests on their staffers.
Rather than ask for a bigger budget, Haber of Maricopa County said she has trained her whole team to help respond. Washoe County temporarily halts the production of documents at a certain point prior to the election, to ensure staff can focus on administering the vote, Rodriguez said. Donald Palmer, a commissioner on the federal Election Assistance Commission, told a gathering of secretaries of state on July 8 in Baton Rouge that they should help local officials more efficiently respond to the deluge of requests by, for instance, creating a "reading room" site to simultaneously respond to duplicative requests from different people.
Rodriguez said most of her nine current staffers joined in 2021 or 2022 after a rash of staff departures. She is trying to limit their overtime to keep them fresh for November.
But the records requests aren´t letting up. One request sought various information on the county's election workers during the 2022 primary, including their phone number, mailing address and party affiliation. Another one was filed in late June by Robert Beadles, a businessman who moved from California to Reno in 2019 and is now leading a movement to push election-fraud theories and target politicians who don't support his agenda. Beadles requested 38 different data sets.
Beadles tells visitors to his website, operationsunlight.com, to send requests to their county clerks for a list of voters in the November 2020 election, broken down by voting method, and the total number of ballots cast for each candidate. He asks them to email the records to Shiva Ayyadurai, a leading purveyor of election fraud conspiracies.
Neither Beadles nor Ayyadurai responded to emails seeking comment.
As strapped government staffs struggle to keep up with the extensive inquiries, some election officials express concern about slipping up and releasing information that could compromise election security.
Samuel Derheimer, director of government affairs at voting-equipment manufacturer Hart InterCivic, said his company has seen an explosion of requests from election officials for help determining when releasing certain records threatens election integrity. Public records requests sometimes target operational manuals containing security protocols that should not be released to the public, he said.
Karen Brinson Bell, executive director of the North Carolina State Board of Elections, said one of the challenges is analyzing whether seemingly separate individuals or groups might be working together to piece together sensitive information about voting equipment and processes.
"That's when your antenna starts going up," she said. "We are having to spend a lot of extra time thinking in those terms."
(Reporting by Nathan Layne; editing by Jason Szep and Brian Thevenot) | https://www.dailymail.co.uk/wires/reuters/article-11076741/Pro-Trump-activists-swamp-election-officials-sprawling-records-requests.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-03T11:40:15Z | https://www.dailymail.co.uk/wires/reuters/article-11076741/Pro-Trump-activists-swamp-election-officials-sprawling-records-requests.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false | 9 |
Vin Scully, Los Angeles Dodgers Broadcaster, Dies
LOS ANGELES -- Hall of Fame broadcaster Vin Scully, whose dulcet tones provided the soundtrack of summer while entertaining and informing Dodgers fans in Brooklyn and Los Angeles for 67 years, died Tuesday night, the team said. He was 94.
"We have lost an icon," Dodgers president and CEO Stan Kasten said in a statement. "Vin Scully was one of the greatest voices in all of sports. He was a giant of a man, not only as a broadcaster but as a humanitarian. He loved people. He loved life. He loved baseball and the Dodgers. And he loved his family. His voice will always be heard and etched in all of our minds forever. I know he was looking forward to joining the love of his life, Sandi. Our thoughts and prayers go out to his family during this very difficult time. Vin will be truly missed."
Scully died at his home in the Hidden Hills section of Los Angeles, according to the team, which spoke to family members. No cause of death was provided.
"I just want to be remembered as a good man, an honest man, and one who lived up to his own beliefs," he said in 2016.
The Dodgers changed players, managers, executives, owners -- and even coasts -- but Scully and his soothing, insightful style remained a constant for the fans.
He opened broadcasts with the familiar greeting, "Hi, everybody, and a very pleasant good evening to you wherever you may be."
Ever gracious both in person and on the air, Scully considered himself merely a conduit between the game and the fans. | https://espnsiouxfalls.com/vin-scully-los-angeles-dodgers-broadcaster-dies/ | 2022-08-03T11:40:21Z | https://espnsiouxfalls.com/vin-scully-los-angeles-dodgers-broadcaster-dies/ | false | 1 |
Leading tRNA researcher joins Tevard's efforts to transform tRNAs into novel treatments for serious genetic diseases
CAMBRIDGE, Mass., Aug. 3, 2022 /PRNewswire/ -- Tevard Biosciences, the pioneer of tRNA-based therapies for severe genetic diseases, today announced the appointment of leading tRNA scientist Zoya Ignatova, Ph.D, to its scientific advisory board.
"Dr. Ignatova's work has profoundly impacted our understanding of the structure and function of transfer RNAs (tRNAs) and the mechanism by which tRNAs participate in the translation of mRNAs into proteins," said Tevard co-founder Harvey Lodish, Ph.D., who chairs the company's SAB and sits on its board of directors.
"I am very excited to work with Dr. Ignatova to further the development of our Suppressor tRNA and Enhancer tRNA platforms and create novel tRNA-based treatments for a wide range of inherited diseases," said Tevard Chief Scientific Officer Gopi Shanker, Ph.D.
Dr. Ignatova has made fundamental discoveries about how tRNAs can speed or slow the intricate process of mRNA translation, how that in turn influences the folding and function of proteins, and how altering the process can lead to disease. Recent discoveries from her lab implicate tRNAs as underlying entities in several pathologies. Dr. Ignatova and her team are now working on ways to structurally repurpose tRNAs to correct inherited mutations, including nonsense mutations, which prematurely stop the cell's protein production machinery in numerous serious diseases.
"I'm fascinated by the many ways that tRNAs influence the vital process of making new proteins," said Dr. Ignatova. "Tevard shares my belief that tRNAs can be leveraged to create a potent new class of therapeutics for diseases that profoundly affect people's lives and I'm thrilled to join their efforts to do just that."
Dr. Ignatova is a professor of RNA Biology and Managing director of the Institute of Biochemistry and Molecular Biology at the University of Hamburg (UHH), Germany. She established her independent research group at the Max-Planck-Institute of Biochemistry in Munich, Germany, in 2005 and, after an appointment (2008-2014) at the University of Potsdam as an associated professor, took the chair in RNA Biology at UHH in 2015. She is a recipient of numerous awards for her research and teaching, a member of the German Society for Cell Biology and German Society for Biochemistry and Molecular Biology, and a member-at-large of the American Biophysical Society.
Tevard Biosciences is pioneering mRNA-modulating therapies to cure a broad range of genetic diseases. The privately held biotechnology company was founded by MIT Professor and Whitehead Institute Founding Member Harvey Lodish, with life science entrepreneurs and executives Daniel Fischer and Warren Lammert, fathers of children with rare genetic diseases, and scientific co-founder Jeff Coller, a Bloomberg Distinguished Professor in the Department of Molecular Biology and Genetics at the Johns Hopkins University School of Medicine. Tevard is exploring the use of its novel Suppressor tRNA, Enhancer tRNA, and mRNA Amplifier platforms in neurological disorders, heart disease, and muscular dystrophies; the company has partnered with Zogenix to develop therapies for Dravet syndrome and other genetic epilepsies. For more information, please visit tevard.com.
CONTACT:
Tevard Biosciences
Rebecca Zacks
rzacks@tevard.com
View original content to download multimedia:
SOURCE Tevard Biosciences | https://www.kwtx.com/prnewswire/2022/08/03/tevard-biosciences-appoints-zoya-ignatova-its-scientific-advisory-board/ | 2022-08-03T11:41:55Z | https://www.kwtx.com/prnewswire/2022/08/03/tevard-biosciences-appoints-zoya-ignatova-its-scientific-advisory-board/ | false | 11 |
Nolan Henderson has been selected as this year’s recipient of the Sister Claudia Riehl Living a Legacy Award at Benedictine Living Community-Winona, honoring Henderson’s commitment to Benedictine’s core values and mission. Henderson works across campus as a cook. He has been with Benedictine Living Community-Winona for more than four years.
“As someone who looks to further my mission and work through our core values each day, I will wear the Sister Claudia pin on my badge with honor. I would like to say a special thank you to our culinary director, Mary Mlynczak, as well as our assistant executive director, Tessa Marks, and our executive director, Carol Ehlinger. These three ladies showed me through example how to dedicate my work to our facility and improve the lives of our residents and the careers of our staff through dedication and leadership,” Henderson said.
The Sister Claudia Riehl Living a Legacy Award is given to one person at each of Benedictine’s locations across Minnesota, Wisconsin, Iowa, Missouri, and North Dakota. Henderson was chosen from a number of nominees across the Winona campus, all nominated by their employee peers. Voting is also conducted by employees. The recipients are recognized at the Benedictine Annual Conference in the fall.
Benedictine Living Community-Winona Executive Director Carol Ehlinger was the one to announce the winner of the award. “It was an honor to announce Nolan as the recipient of this year's award. Our mission and core values are evident in his work each and every day. I am very proud to have Nolan on our team!” said Ehlinger.
Other nominees this year included Jim Pingry, Holle Heaser, Jeff Rogness, Diane Spalding, Francine Vater, Ann Bronk, Esther Zimmerman, Kim Nahrgang, Tony Lawler, Daphne Sardegna, Cindy McGill, Lynn Mertes, Tessa Marks, Cheryl Nash, Tricia Kunce, Tami Moger, Lucy Grochowski, Carole Gregory, Karen Zibrowski, and Karleen Gregg. | https://www.winonapost.com/community/benedictine-living-presents-sister-claudia-award/article_853bfb64-1297-11ed-9fbf-af688b8fa60a.html | 2022-08-03T11:42:48Z | https://www.winonapost.com/community/benedictine-living-presents-sister-claudia-award/article_853bfb64-1297-11ed-9fbf-af688b8fa60a.html | false | 1 |
CA San Francisco Bay Area Zone Forecast for Tuesday, August 2, 2022
_____
467 FPUS56 KMTR 031001
ZFPMTR
San Francisco Bay Area/Central California Zone Forecast
National Weather Service San Francisco Bay Area
301 AM PDT Wed Aug 3 2022
This is an automatically generated product that provides average
values for large geographic areas. For a more site specific
forecast...please visit weather.gov/sanfrancisco
(1) Select a location from the drop down menu above the map...
-- or --
(2) Click a location on the map.
You can refine your selection by clicking on the map displayed on
the resulting page.
CAZ505-040100-
Coastal North Bay...Including Point Reyes National Seashore-
301 AM PDT Wed Aug 3 2022
.REST OF TONIGHT...Mostly cloudy. Lows in the mid 50s.
.WEDNESDAY...Mostly cloudy in the morning then becoming partly
cloudy. Highs in the lower 60s to mid 70s.
.WEDNESDAY NIGHT...Partly cloudy. Lows in the mid 50s.
.THURSDAY...Sunny. Highs in the 60s to mid 70s.
.THURSDAY NIGHT...Mostly cloudy. Lows in the lower 50s.
.FRIDAY...Partly cloudy. Highs in the 60s.
.FRIDAY NIGHT...Partly cloudy in the evening then becoming mostly
cloudy. Patchy fog. Lows in the lower 50s.
.SATURDAY...Partly cloudy. Patchy fog. Highs in the 60s.
.SATURDAY NIGHT...Partly cloudy in the evening then becoming
mostly cloudy. Lows in the mid 50s.
.SUNDAY...Partly cloudy. Highs in the 60s.
.SUNDAY NIGHT...Partly cloudy in the evening then becoming mostly
cloudy. Lows in the mid 50s.
.MONDAY THROUGH TUESDAY...Partly cloudy. Highs in the 60s. Lows
in the lower 50s.
TEMPERATURE / PRECIPITATION
Point Reyes 54 68 54 70 / 20 10 0 10
$$
CAZ503-040100-
Sonoma Coastal Range-
301 AM PDT Wed Aug 3 2022
.REST OF TONIGHT...Mostly cloudy. Lows around 60.
.WEDNESDAY...Partly cloudy in the morning then becoming sunny.
Highs around 90.
.WEDNESDAY NIGHT...Clear. Lows in the lower 60s.
.THURSDAY...Sunny. Highs in the lower 90s.
.THURSDAY NIGHT...Mostly clear. Lows in the mid 50s.
.FRIDAY...Sunny. Highs in the lower 80s.
.FRIDAY NIGHT THROUGH TUESDAY...Mostly clear. Lows in the mid
50s. Highs in the lower 80s.
$$
CAZ502-040100-
Marin Coastal Range-
301 AM PDT Wed Aug 3 2022
.REST OF TONIGHT...Mostly cloudy. Lows in the upper 50s.
.WEDNESDAY...Partly cloudy in the morning then becoming sunny.
Highs around 80.
.WEDNESDAY NIGHT...Clear. Lows in the upper 50s.
.THURSDAY...Sunny. Highs near 80.
.THURSDAY NIGHT...Partly cloudy. Lows in the upper 50s.
.FRIDAY...Sunny. Highs in the mid 70s.
.FRIDAY NIGHT THROUGH TUESDAY...Mostly clear. Lows in the mid
50s. Highs in the mid 70s.
$$
CAZ506-040100-
North Bay Interior Valleys-
301 AM PDT Wed Aug 3 2022
.REST OF TONIGHT...Mostly cloudy. Lows in the mid 50s to lower
60s.
.WEDNESDAY...Partly cloudy in the morning then becoming sunny.
Highs in the upper 70s to lower 90s.
.WEDNESDAY NIGHT...Mostly clear. Lows in the 50s to mid 60s.
.THURSDAY...Sunny. Highs in the upper 70s to lower 90s.
.THURSDAY NIGHT...Mostly clear in the evening then becoming
partly cloudy. Lows in the 50s.
.FRIDAY...Partly cloudy in the morning then becoming sunny. Highs
in the lower 70s to mid 80s.
.FRIDAY NIGHT...Clear in the evening then becoming partly cloudy.
Patchy fog. Lows in the 50s.
.SATURDAY...Partly cloudy in the morning then becoming sunny.
Highs in the lower 70s to mid 80s.
.SATURDAY NIGHT...Clear in the evening then becoming partly
cloudy. Lows in the 50s.
.SUNDAY...Partly cloudy in the morning then becoming sunny. Highs
in the 70s to 80s.
.SUNDAY NIGHT THROUGH TUESDAY...Mostly clear. Lows in the 50s.
Highs in the lower 70s to mid 80s.
TEMPERATURE / PRECIPITATION
Santa Rosa 56 91 57 91 / 10 10 0 0
San Rafael 59 87 59 85 / 20 0 0 10
Napa 58 85 58 83 / 10 0 0 0
$$
CAZ504-040100-
North Bay Interior Mountains-
301 AM PDT Wed Aug 3 2022
.REST OF TONIGHT...Mostly cloudy. Lows in the mid 60s to lower
70s.
.WEDNESDAY...Partly cloudy in the morning then becoming sunny.
Highs in the lower 80s to mid 90s.
.WEDNESDAY NIGHT...Clear. Lows in the mid 60s to lower 70s.
.THURSDAY...Sunny. Highs in the 80s to 90s.
.THURSDAY NIGHT...Mostly clear in the evening then becoming
partly cloudy. Lows in the 50s to upper 60s.
.FRIDAY...Sunny. Highs in the mid 70s to upper 80s.
.FRIDAY NIGHT THROUGH TUESDAY...Mostly clear. Lows in the 50s to
mid 60s. Highs in the mid 70s to lower 90s.
TEMPERATURE / PRECIPITATION
Lake Berryessa 71 95 72 95 / 10 10 0 0
$$
CAZ006-040100-
San Francisco-
301 AM PDT Wed Aug 3 2022
.REST OF TONIGHT...Mostly cloudy. Lows in the upper 50s.
.WEDNESDAY...Mostly cloudy in the morning then becoming partly
cloudy. Highs in the upper 50s to lower 70s.
.WEDNESDAY NIGHT...Partly cloudy in the evening then becoming
mostly cloudy. Lows in the upper 50s.
.THURSDAY...Partly cloudy. Highs in the upper 50s to lower 70s.
.THURSDAY NIGHT...Mostly cloudy. Lows in the upper 50s.
.FRIDAY...Partly cloudy. Highs in the 60s to lower 70s.
.FRIDAY NIGHT...Mostly cloudy. Lows in the upper 50s.
.SATURDAY...Partly cloudy. Highs in the upper 50s to lower 70s.
.SATURDAY NIGHT...Partly cloudy in the evening then becoming
mostly cloudy. Lows in the upper 50s.
.SUNDAY...Mostly cloudy in the morning then becoming partly
cloudy. Highs in the 50s to upper 60s.
.SUNDAY NIGHT THROUGH MONDAY NIGHT...Mostly cloudy. Lows in the
upper 50s. Highs in the 60s to lower 70s.
.TUESDAY...Mostly cloudy in the morning then becoming partly
cloudy. Highs in the 60s.
TEMPERATURE / PRECIPITATION
San Francisco 56 69 57 69 / 20 0 0 10
Ocean Beach 56 64 56 65 / 20 10 10 10
$$
CAZ509-040100-
San Francisco Peninsula Coast-
301 AM PDT Wed Aug 3 2022
.REST OF TONIGHT...Mostly cloudy. Lows in the mid 50s.
.WEDNESDAY...Mostly cloudy. Highs in the mid 60s to lower 70s.
.WEDNESDAY NIGHT...Partly cloudy in the evening then becoming
mostly cloudy. Lows in the mid 50s.
.THURSDAY...Mostly cloudy. Highs in the mid 60s to lower 70s.
.THURSDAY NIGHT...Mostly cloudy. Lows in the upper 50s.
.FRIDAY...Partly cloudy in the morning then becoming mostly
cloudy. Highs in the upper 60s.
.FRIDAY NIGHT...Mostly cloudy. Patchy fog. Lows in the mid 50s.
.SATURDAY THROUGH TUESDAY...Mostly cloudy. Highs in the mid to
upper 60s. Lows in the mid 50s.
$$
CAZ508-040100-
San Francisco Bay Shoreline-
301 AM PDT Wed Aug 3 2022
.REST OF TONIGHT...Mostly cloudy. Lows around 60.
.WEDNESDAY...Partly cloudy in the morning then becoming sunny.
Highs in the mid 70s to lower 80s.
.WEDNESDAY NIGHT...Mostly clear in the evening then becoming
partly cloudy. Lows around 60.
.THURSDAY...Partly cloudy. Highs in the 70s to mid 80s.
.THURSDAY NIGHT...Partly cloudy. Lows around 60.
.FRIDAY...Partly cloudy in the morning then becoming sunny. Highs
in the 70s to lower 80s.
.FRIDAY NIGHT THROUGH TUESDAY...Partly cloudy. Lows around 60.
Highs in the 70s to lower 80s.
TEMPERATURE / PRECIPITATION
SFO Airport 59 74 59 76 / 20 0 0 0
Oakland 59 75 59 75 / 10 0 0 10
Fremont 61 79 61 83 / 0 0 0 0
Redwood City 61 83 61 86 / 0 0 0 0
Mountain View 61 77 61 79 / 10 0 0 0
$$
CAZ510-040100-
East Bay Interior Valleys-
301 AM PDT Wed Aug 3 2022
.REST OF TONIGHT...Partly cloudy. Lows in the 60s.
.WEDNESDAY...Sunny. Highs in the lower to mid 90s.
.WEDNESDAY NIGHT...Mostly clear. Lows in the 60s.
.THURSDAY...Sunny. Highs in the 90s.
.THURSDAY NIGHT...Partly cloudy in the evening then becoming
mostly clear. Lows in the lower 60s.
.FRIDAY...Sunny. Highs in the upper 80s.
.FRIDAY NIGHT THROUGH TUESDAY...Mostly clear. Lows in the lower
60s. Highs in the 80s to lower 90s.
TEMPERATURE / PRECIPITATION
Concord 62 93 62 92 / 0 0 0 0
Livermore 62 91 63 93 / 0 0 0 0
$$
CAZ513-040100-
Santa Clara Valley...including San Jose-
301 AM PDT Wed Aug 3 2022
.REST OF TONIGHT...Partly cloudy. Lows in the lower 60s.
.WEDNESDAY...Partly cloudy in the morning then becoming sunny.
Highs in the mid 80s to lower 90s.
.WEDNESDAY NIGHT...Mostly clear. Lows in the lower 60s.
.THURSDAY...Partly cloudy in the morning then becoming sunny.
Highs in the mid 80s to lower 90s.
.THURSDAY NIGHT...Mostly clear in the evening then becoming
partly cloudy. Lows in the lower 60s.
.FRIDAY...Partly cloudy in the morning then becoming sunny. Highs
in the lower to mid 80s.
.FRIDAY NIGHT THROUGH SUNDAY NIGHT...Mostly clear. Lows around
60. Highs in the 80s.
.MONDAY...Partly cloudy in the morning then becoming sunny. Highs
in the 70s to upper 80s.
.MONDAY NIGHT...Mostly clear in the evening then becoming partly
cloudy. Lows in the upper 50s.
.TUESDAY...Partly cloudy in the morning then becoming sunny.
Highs in the 70s to upper 80s.
TEMPERATURE / PRECIPITATION
San Jose 63 84 63 86 / 10 0 0 0
Morgan Hill 62 93 62 92 / 10 0 0 0
$$
CAZ512-040100-
Santa Cruz Mountains-
301 AM PDT Wed Aug 3 2022
.REST OF TONIGHT...Mostly clear. Lows in the upper 50s to lower
70s.
.WEDNESDAY...Sunny. Highs in the upper 70s to lower 90s.
.WEDNESDAY NIGHT...Mostly clear. Lows in the upper 50s to mid
70s.
.THURSDAY...Partly cloudy in the morning then becoming sunny.
Highs in the 70s to mid 80s.
.THURSDAY NIGHT...Partly cloudy. Lows in the mid 50s to upper
60s.
.FRIDAY...Sunny. Highs in the 70s to lower 80s.
.FRIDAY NIGHT THROUGH TUESDAY...Mostly clear. Lows in the mid 50s
to upper 60s. Highs in the 70s to lower 80s.
$$
CAZ515-040100-
East Bay Hills-
301 AM PDT Wed Aug 3 2022
.REST OF TONIGHT...Partly cloudy. Lows in the mid 60s.
.WEDNESDAY...Sunny. Highs around 90.
.WEDNESDAY NIGHT...Mostly clear. Lows in the mid 60s.
.THURSDAY...Sunny in the morning then becoming partly cloudy.
Highs in the lower 90s.
.THURSDAY NIGHT...Partly cloudy. Lows in the lower 60s.
.FRIDAY...Sunny. Highs in the mid 80s.
.FRIDAY NIGHT THROUGH TUESDAY...Mostly clear. Lows around 60.
Highs in the mid 80s.
$$
CAZ514-040100-
Eastern Santa Clara Hills-
301 AM PDT Wed Aug 3 2022
.REST OF TONIGHT...Partly cloudy. Lows in the 60s to mid 70s.
.WEDNESDAY...Sunny. Highs in the upper 80s.
.WEDNESDAY NIGHT...Mostly clear. Lows in the 60s to upper 70s.
.THURSDAY...Sunny in the morning then becoming partly cloudy.
Highs around 90.
.THURSDAY NIGHT...Mostly clear in the evening then becoming
partly cloudy. Lows in the mid 60s to lower 70s.
.FRIDAY...Sunny. Highs in the mid 80s.
.FRIDAY NIGHT...Mostly clear. Lows in the 60s to lower 70s.
.SATURDAY...Sunny. Highs in the mid 80s.
.SATURDAY NIGHT...Mostly clear. Lows in the 60s to lower 70s.
.SUNDAY...Sunny. Highs in the mid 80s.
.SUNDAY NIGHT THROUGH TUESDAY...Mostly clear. Lows in the 60s to
lower 70s. Highs in the lower 80s.
$$
CAZ529-040100-
Northern Monterey Bay-
301 AM PDT Wed Aug 3 2022
.REST OF TONIGHT...Mostly cloudy. Patchy fog. Lows in the upper
50s.
.WEDNESDAY...Partly cloudy in the morning then becoming sunny.
Patchy fog in the morning. Highs near 80.
.WEDNESDAY NIGHT...Mostly clear in the evening then becoming
mostly cloudy. Lows in the upper 50s.
.THURSDAY...Mostly cloudy in the morning then becoming sunny.
Patchy fog in the morning. Highs in the mid to upper 70s.
.THURSDAY NIGHT...Partly cloudy in the evening then becoming
mostly cloudy. Patchy fog after midnight. Lows in the mid 50s.
.FRIDAY...Mostly cloudy in the morning then becoming sunny.
Patchy fog. Highs in the lower 70s.
.FRIDAY NIGHT THROUGH SUNDAY...Partly cloudy. Patchy fog. Lows in
the upper 50s. Highs in the mid 70s.
.SUNDAY NIGHT THROUGH TUESDAY...Partly cloudy. Lows in the mid
50s. Highs in the 70s.
TEMPERATURE / PRECIPITATION
Santa Cruz 57 83 58 79 / 10 0 0 10
$$
CAZ530-040100-
Southern Monterey Bay and Big Sur Coast-
301 AM PDT Wed Aug 3 2022
.REST OF TONIGHT...Partly cloudy. Lows in the upper 50s.
.WEDNESDAY...Partly cloudy in the morning then becoming sunny.
Highs in the mid 70s.
.WEDNESDAY NIGHT...Mostly clear in the evening then becoming
partly cloudy. Lows around 60.
.THURSDAY...Partly cloudy. Highs in the mid 70s.
.THURSDAY NIGHT...Partly cloudy. Lows in the upper 50s.
.FRIDAY...Partly cloudy. Highs around 70.
.FRIDAY NIGHT THROUGH TUESDAY...Partly cloudy. Lows in the upper
50s. Highs in the lower 70s.
TEMPERATURE / PRECIPITATION
Monterey 59 74 59 74 / 10 0 0 10
Big Sur 57 84 61 81 / 20 0 0 10
$$
CAZ528-040100-
Northern Salinas Valley...Hollister Valley...and Carmel Valley-
301 AM PDT Wed Aug 3 2022
.REST OF TONIGHT...Partly cloudy. Lows in the upper 50s.
.WEDNESDAY...Partly cloudy in the morning then becoming sunny.
Highs in the mid 70s to upper 80s.
.WEDNESDAY NIGHT...Mostly clear in the evening then becoming
partly cloudy. Lows near 60.
.THURSDAY...Partly cloudy in the morning then becoming sunny.
Highs in the mid 70s to upper 80s.
.THURSDAY NIGHT...Partly cloudy. Lows in the upper 50s.
.FRIDAY...Partly cloudy in the morning then becoming sunny. Highs
in the 70s to lower 80s.
.FRIDAY NIGHT THROUGH TUESDAY...Partly cloudy. Lows in the upper
50s. Highs in the upper 60s to lower 80s.
TEMPERATURE / PRECIPITATION
Salinas 57 75 57 74 / 10 0 0 10
Carmel Valley 60 87 62 87 / 10 0 0 0
Hollister 59 88 60 85 / 10 0 0 0
$$
CAZ516-040100-
Southern Salinas Valley...Arroyo Seco...and Lake San Antonio-
301 AM PDT Wed Aug 3 2022
.REST OF TONIGHT...Mostly clear. Lows around 60.
.WEDNESDAY...Sunny. Highs 92 to 102.
.WEDNESDAY NIGHT...Mostly clear in the evening then becoming
partly cloudy. Lows in the lower 60s.
.THURSDAY...Partly cloudy in the morning then becoming sunny.
Highs in the 90s.
.THURSDAY NIGHT...Mostly clear in the evening then becoming
partly cloudy. Lows in the upper 50s.
.FRIDAY...Partly cloudy in the morning then becoming sunny. Highs
in the mid 80s to lower 90s.
.FRIDAY NIGHT THROUGH MONDAY NIGHT...Mostly clear. Lows in the
mid 50s. Highs in the mid 80s to upper 90s.
.TUESDAY...Partly cloudy in the morning then becoming sunny.
Highs in the mid 80s to upper 90s.
TEMPERATURE / PRECIPITATION
King City 58 92 60 91 / 20 0 0 0
$$
CAZ517-040100-
Santa Lucia Mountains and Los Padres National Forest-
301 AM PDT Wed Aug 3 2022
.REST OF TONIGHT...Mostly clear. Lows in the upper 50s to lower
70s.
.WEDNESDAY...Sunny. Highs in the 80s to 90s.
.WEDNESDAY NIGHT...Mostly clear. Lows in the 60s to 70s.
.THURSDAY...Partly cloudy in the morning then becoming sunny.
Highs in the lower 80s to mid 90s.
.THURSDAY NIGHT...Mostly clear. Lows in the mid 50s to lower 70s.
.FRIDAY...Sunny. Highs in the mid 70s to upper 80s.
.FRIDAY NIGHT AND SATURDAY...Mostly clear. Lows in the mid 50s to
upper 60s. Highs in the upper 70s to lower 90s.
.SATURDAY NIGHT AND SUNDAY...Clear. Lows in the mid 50s to lower
70s. Highs in the lower 80s to mid 90s.
.SUNDAY NIGHT THROUGH TUESDAY...Mostly clear. Lows in the mid 50s
to lower 70s. Highs in the upper 70s to lower 90s.
$$
CAZ518-040100-
Mountains of San Benito and Interior Monterey County including
Pinnacles National Park-
301 AM PDT Wed Aug 3 2022
.REST OF TONIGHT...Mostly clear. Lows in the 60s to lower 70s.
.WEDNESDAY...Sunny. Highs mid 80s to 101.
.WEDNESDAY NIGHT...Mostly clear. Lows in the 60s to mid 70s.
.THURSDAY...Sunny. Highs in the mid 80s to upper 90s.
.THURSDAY NIGHT...Mostly clear in the evening then becoming
partly cloudy. Lows in the 60s.
.FRIDAY...Sunny. Highs in the upper 70s to lower 90s.
.FRIDAY NIGHT THROUGH TUESDAY...Mostly clear. Lows in the 50s to
upper 60s. Highs in the 80s to 90s.
TEMPERATURE / PRECIPITATION
Pinnacles NP 62 99 64 99 / 20 0 0 0
$$
Visit us at www.weather.gov/sanfrancisco
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_____
Copyright 2022 AccuWeather | https://www.nhregister.com/weather/article/CA-San-Francisco-Bay-Area-Zone-Forecast-17347692.php | 2022-08-03T11:49:18Z | https://www.nhregister.com/weather/article/CA-San-Francisco-Bay-Area-Zone-Forecast-17347692.php | true | 1477 |
MP MENASHE, Israel (AP) _ CaesarStone Sdot-Yam Ltd. (CSTE) on Wednesday reported second-quarter net income of $11.1 million.
The Mp Menashe, Israel-based company said it had profit of 32 cents per share. Earnings, adjusted for one-time gains and costs, came to 20 cents per share.
The maker of quartz surface slabs posted revenue of $180.3 million in the period.
CaesarStone expects full-year revenue in the range of $710 million to $725 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSTE at https://www.zacks.com/ap/CSTE | https://www.theheraldreview.com/business/article/CaesarStone-Q2-Earnings-Snapshot-17347777.php | 2022-08-03T11:49:31Z | https://www.theheraldreview.com/business/article/CaesarStone-Q2-Earnings-Snapshot-17347777.php | true | null |
Shares of Wabash National Co. (NYSE:WNC – Get Rating) saw unusually-high trading volume on Monday . Approximately 19,386 shares were traded during trading, a decline of 95% from the previous session’s volume of 399,579 shares.The stock last traded at $18.25 and had previously closed at $18.06.
Analyst Ratings Changes
WNC has been the subject of a number of research reports. Raymond James reissued a “maintains” rating on shares of Wabash National in a research note on Thursday, July 28th. Stephens increased their target price on Wabash National from $16.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 28th. Finally, StockNews.com raised Wabash National from a “hold” rating to a “buy” rating in a research note on Thursday, July 28th. One research analyst has rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.00.
Wabash National Trading Down 3.6 %
The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.93 and a current ratio of 1.63. The business has a 50-day simple moving average of $15.06 and a two-hundred day simple moving average of $15.62. The stock has a market cap of $861.76 million, a price-to-earnings ratio of 43.29 and a beta of 1.60.
Wabash National Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 28th. Shareholders of record on Thursday, July 7th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Wednesday, July 6th. Wabash National’s dividend payout ratio is 78.05%.
Insider Buying and Selling at Wabash National
In other Wabash National news, CEO Brent L. Yeagy sold 7,986 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $17.83, for a total transaction of $142,390.38. Following the completion of the sale, the chief executive officer now owns 451,093 shares of the company’s stock, valued at approximately $8,042,988.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Wabash National news, CEO Brent L. Yeagy sold 7,986 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $17.83, for a total transaction of $142,390.38. Following the completion of the sale, the chief executive officer now owns 451,093 shares of the company’s stock, valued at approximately $8,042,988.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brent L. Yeagy sold 39,930 shares of the firm’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $17.00, for a total value of $678,810.00. Following the sale, the chief executive officer now directly owns 459,079 shares of the company’s stock, valued at approximately $7,804,343. The disclosure for this sale can be found here. Insiders own 1.64% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in Wabash National during the 1st quarter worth $26,000. Advisor Group Holdings Inc. increased its position in Wabash National by 208.7% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,423 shares of the company’s stock worth $49,000 after buying an additional 1,638 shares during the period. Captrust Financial Advisors increased its position in Wabash National by 62.4% during the 1st quarter. Captrust Financial Advisors now owns 4,470 shares of the company’s stock worth $66,000 after buying an additional 1,717 shares during the period. Steward Partners Investment Advisory LLC increased its position in Wabash National by 30,512.0% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 7,653 shares of the company’s stock worth $114,000 after buying an additional 7,628 shares during the period. Finally, Teacher Retirement System of Texas bought a new position in Wabash National during the 1st quarter worth $152,000. Institutional investors own 99.07% of the company’s stock.
About Wabash National
Wabash National Corporation designs, manufactures, and distributes engineered solutions for the transportation, logistics, and distribution industries primarily in the United States. The company operates through two segments, Transportation Solutions and Parts & Services. The Transportation Solutions segment provides dry van and platform trailers; refrigerated trailers; converter dollies; van bodies for dry-freight transportation; cutaway van bodies for commercial applications; service bodies; insulated van bodies; stake bodies; refrigerated truck bodies; and used trailers, as well as laminated hardwood oak flooring products.
See Also
- Get a free copy of the StockNews.com research report on Wabash National (WNC)
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Sales and Profitability Sequentially Improve
ORLANDO, Fla., Aug. 3, 2022 /PRNewswire/ -- Tupperware Brands Corporation (NYSE: TUP), a leading global consumer products company, today reported operating results for the second quarter ended June 25, 2022.
Second Quarter 2022 Financial Summary
- Net sales were $340.4 million, a decrease of 18% year over year (or 14% on a constant currency basis), compared to $416.6 million in the prior year period
- Gross profit was $220.7 million, or 64.9% of net sales, compared to $285.9 million in the prior year period
- Income from continuing operations was $4.5 million, compared to $31.9 million in the prior year period
- Diluted earnings per share from continuing operations was $0.09, compared to $0.60 in the prior year period
- Adjusted diluted earnings per share (non-GAAP) from continuing operations was $0.41, compared to $0.90 in the period year period
- Adjusted EBITDA (non-GAAP, per debt covenant)1 from continuing operations was $38.1 million, compared to $92.1 million in the prior year period
- Consolidated Net Leverage Ratio (non-GAAP) of 3.13, following paydown of over $100 million of debt
"While we are not pleased with our current performance and level of profitability, I am encouraged by sequential improvement in profit in the second quarter, reflecting the many bold actions we continue to take, and I see promising signs that our strategies are working," said Miguel Fernandez, President and Chief Executive Officer of Tupperware Brands. "Lockdowns in China and shifts in consumer behavior in Europe significantly impacted our year over year performance in the second quarter, as did inflationary pressures and unfavorable foreign exchange rate fluctuations. During the quarter, we continued to address the operating factors within our control, specifically technology, operations, service levels, and ongoing implementation of global direct selling practices. While we are beginning to see encouraging trends in certain markets as a result of these efforts, more work remains to optimize our operations and supply chain. We nevertheless remain on track to further penetrate retail channels later this year, which we believe will be a milestone in our omnichannel evolution, and provide a needed catalyst for long-term growth. We acknowledge the challenging journey ahead of us to transform this business, and are confident we are executing against a strategy that will ultimately enable our business to become as big as our iconic Tupperware brand."
"Our second quarter performance reflects our improving ability to respond to high inflation and supply chain challenges," said Mariela Matute, Chief Financial Officer of Tupperware Brands. "Pricing actions and improving service levels in the second half of the quarter helped to mitigate margin erosion, with full favorable impact expected to be realized over the balance of the year. While our performance is trending in the right direction, we also acknowledge the potential for near-term volatility as we continue to address internal challenges and navigate external headwinds, which we expect to continue for the remainder of the year. We continue to evolve our planning processes and resources, with the goal to generate efficiencies and right-size our cost structure. Following our $75 million accelerated share repurchase last quarter, our capital allocation priorities have shifted toward the paydown of debt, which we successfully reduced by over $100 million in the second quarter. We also sold our House of Fuller and Nutrimetics beauty businesses, in May and July, respectively, consistent with our plan to focus on our core Tupperware business. We will continue to look for ways to strengthen our financial foundation in order to position our company for long-term, profitable growth."
1 "Adjusted EBITDA (non-GAAP, per debt covenant)" is calculated the same way as the non-GAAP measure "Debt covenant EBITDA" that the Company disclosed in its prior earnings releases.
Note: All figures reflect results from continuing operations only. A reconciliation of non-GAAP measures to comparable GAAP measures can be found in the tables included in this release.
Second Quarter 2022 Operating Results
Total net sales were $340.4 million, a decrease of 18% (or 14% on a constant currency basis) compared to the prior year period. The decrease was driven primarily by lower overall sales force activity, lockdowns in China, and lower consumer sentiment in Europe, partially offset by strength in South America, driven by recruitment and retention efforts. For detailed performance by region, please refer to the segment tables in the appended exhibit.
Gross profit was $220.7 million, as compared to $285.9 million for the prior year period. Gross margin was 64.9%, as compared to 68.4% for the prior year period. The decrease was driven by lower volumes, higher resin and logistics costs, and country and product mix, partially offset by pricing actions.
Income from continuing operations was $4.5 million, as compared to $31.9 million for the prior year period. Diluted earnings per share from continuing operations was $0.09, as compared to $0.60 for the prior year period. Adjusted diluted earnings per share from continuing operations (non-GAAP) was $0.41, as compared to $0.90 for the prior year period. The decrease was driven by lower volumes, and higher resin and logistics costs, partially offset by lower promotional expense and lower interest expense.
Non-Core Assets
As previously announced, due to the sale or pending sale of certain key brands of the Company's beauty business, the Company has determined that these dispositions represent a strategic shift that will have a major effect on its results of operations. As such, the results of these beauty businesses are presented as discontinued operations, including all comparative prior period information, in the Company's financial statements. Certain costs previously allocated to the beauty business for segment reporting purposes do not qualify for classification within discontinued operations and have been reallocated to continuing operations. During the second quarter of 2022, the Company completed the sale of its House of Fuller Mexico business and entered into a definitive agreement to sell its Nutrimetics business, which sale was completed on July 1, 2022. The Company is still exploring options for its Nuvo business.
Credit Facility Amendment
Subsequent to the second quarter, the Company entered into an amendment to its existing secured credit facility, dated November 23, 2021. The amendment has an effective date of August 1, 2022, and amends certain provisions under the credit agreement to, among other things, (i) replace LIBOR with SOFR as the reference interest rate for the applicable loans under the facility, with a 0.00% SOFR floor and 10 basis point credit spread adjustments across all tenors; (ii) allow for a temporary higher maximum consolidated net leverage ratio of 4.5x in the third quarter of 2022 and 4.25x in the fourth quarter of 2022 and first quarter of 2023 (cumulatively, the "Covenant Adjustment Period"), with a reversion to the existing maximum consolidated net leverage ratio of 3.75x in the second quarter of 2023 and thereafter; (iii) introduce two additional pricing levels that are 25 basis points, for consolidated net leverage ratios of 3.0x to 3.5x, and 50 basis points, for consolidated net leverage ratios of 3.5x and higher, above the original pricing levels, with a reversion to the original pricing levels following achievement of a consolidated net leverage ratio of 2.75x or less for two consecutive quarters following the Covenant Adjustment Period and (iv) restrict the Company's ability to incur incremental facilities under the Credit Agreement, incur certain debt, incur certain liens, make certain investments and restricted payments, consummate certain internal reorganizations and rely on certain reinvestment exceptions to the mandatory prepayment provisions during the Covenant Adjustment Period. Additional information can be found in the Form 8-K filed with this press release.
Earnings Conference Call
The Company will host its second quarter 2022 earnings conference call today, August 3, 2022, at 8:30 a.m. ET. A link to the live webcast can be found under the Events and Presentations section of the Company's Investor Relations page on the Company's website at https://ir.tupperwarebrands.com. A webcast replay will be made available in the same section of the Company's Investor Relations website later today.
About Tupperware Brands Corporation
Tupperware Brands Corporation (NYSE: TUP) is a leading global consumer products company that designs innovative, functional and environmentally responsible products that people love and trust. Founded in 1946, Tupperware's signature container created the modern food storage category that revolutionized the way the world stores, serves and prepares food. Today, this iconic brand has more than 8,500 functional design and utility patents for solution-oriented kitchen and home products. With a purpose to nurture a better future, Tupperware products are an alternative to single-use items. The Company distributes its products into nearly 70 countries primarily through independent representatives around the world. For more information, visit Tupperwarebrands.com or follow Tupperware on Facebook, Instagram, LinkedIn and Twitter.
Forward-Looking Statements
Statements contained in this release that are not historical fact and use predictive words such as "estimates", "outlook", "guidance", "expect", "believe", "intend", "designed", "target", "plans", "may", "will", "we are confident" and similar words are forward-looking statements. These forward-looking statements and related assumptions involve risks and uncertainties that could cause actual results and outcomes to differ materially from any forward-looking statements or views expressed herein. These risks and uncertainties include, but are not limited to, the following: the continuing effects of the novel coronavirus (COVID-19) pandemic; the successful execution of the Company's Turnaround Plan; the effects of inflation on the Company's business; the sale of the Company's Nuvo business; the impact of the Russia-Ukraine conflict on the Company's business; the Company's ability to ship product to customers on a timely basis, including because of delays caused by its supply chain; the Company's ability to sustain the same level of growth in net sales and net income that we recorded in the prior quarters; the success of the Company's efforts to improve its profitability and liquidity position and any capital structure actions that it may take the Company's ability to comply with its financial covenants under its credit agreement; cyberattacks and ransomware demands that could cause the Company to not be able to operate its systems and/or access or control its data, including private data; risks related to the ongoing SEC inquiry; the success and timing of growth and turnaround initiatives; leadership development and succession changes; impairment and other charges related to purchase accounting goodwill and restructuring actions; the risk of foreign-currency fluctuations and currency translation impacts on the Company's business associated with these fluctuations; the Company's ability to engage in hedging transactions (including, without limitation, forwards and swaps) with financial institutions to mitigate risks relating to foreign-currency fluctuations and/or interest rate fluctuations and the possibility that such hedging transactions, even if entered into, are unsuccessful; the risk of changes in cash flow resulting from changes in foreign exchange rates and hedge settlements; uncertainties related to the interpretation of, and regulations under, changes in the U.S. tax law and tax laws and regulations in other countries; the Company's future tax-planning initiatives; any prospective or retrospective increases in duties on the Company's products; any adverse results of tax audits or unfavorable changes to tax laws in the Company's various markets; risk that direct selling laws and regulations in any of the Company's markets may be modified, interpreted or enforced in a manner that results in negative changes to the Company's business models or negatively impacts its revenue, sales force or business, including through the interruption of recruiting and sales activities, loss of licenses, imposition of fines, or any other adverse actions or events; unpredictable economic and political conditions and events globally; the success of new product introductions and promotional programs to generate interest among the Company's sales force and customers and generate selling activities on a sustained basis; success of business-to-business selling arrangements and their timing; success of buyers in obtaining financing or attracting tenants for commercial and residential developments; the timing and success of closing asset sales; risks related to litigation against the Company, including pending securities class action lawsuits filed against the Company and certain of its current and former officers and directors; risks related to accurately predicting, delivering or maintaining sufficient quantities of products to support planned initiatives or launch strategies; governmental approvals of materials for use in the Company's products; continued competitive pressures for products or sales force in the Company's markets; and other risks detailed in the Company's periodic reports as filed in accordance with the Securities Exchange Act of 1934, as amended.
The Company updates each month the impact of changes in foreign exchange rates versus the prior year, posting it on Tupperware Brands Foreign Exchange Translation Impact Update available at https://ir.tupperwarebrands.com/financial-information/foreign-exchange-impact. Other than updating for changes in foreign currency exchange rates, the Company does not intend to update forward-looking information.
Non-GAAP Financial Measures
The Company utilizes non-GAAP financial measures in this release, specifically, Adjusted Diluted Earnings Per Share from continuing operations ("Adjusted Diluted Earnings Per Share"), Adjusted EBITDA (non-GAAP, per debt covenant), and Consolidated Net Leverage Ratio, each of which are provided to assist readers' understanding of the Company's results of operations. The Company believes Adjusted Diluted Earnings Per Share is useful as it is used by management in their capital allocation decision process and in discussions with investors, analysts, and other interested parties. This measure is based on a continuing operations basis. Adjusted EBITDA (non-GAAP, per debt covenant) and Consolidated Net Leverage Ratio are useful as they reflect the Company's liquidity as required under its credit facility. These measures are based on a consolidated basis with the results of both continuing operations and discontinued operations included. These amounts exclude certain items that at times materially impact the comparability of the Company's results of operations. The adjusted information is intended to be indicative of the Company's primary operations, and to assist readers in evaluating performance and analyzing trends across periods by providing what the Company believes is a useful measure for predictive purposes. These results should be considered in addition to, not as a substitute for, results reported in accordance with GAAP.
The non-GAAP financial measures include comparisons related to profit that exclude:
- gains from the sale of property, plant and equipment and other real estate related operations
- insurance settlement gains or significant charges related to casualty losses caused by significant weather events, fires or similar circumstances
- exit or disposal cost obligations related to rationalizing supply chain operations and other re-engineering activities performed to wind-down or significantly restructure businesses, including cumulative translation adjustments recognized in income upon liquidation of operations in a country, asset sales or fixed asset impairments, inventory obsolescence and other operating losses incurred in conjunction with such activities
- certain asset retirement obligations
- pension settlements
- significant discrete impacts of new tax laws upon adoption, including the impact on cumulative deferred taxes from items previously recorded as cumulative translation adjustments
- amortization of definite-lived intangible assets
- non-cash impairment charges related to the carrying value of acquired intangible assets and goodwill
- infrequent costs incurred in connection with a change in capital structure
- the impact from hyper-inflationary economies on net monetary assets and other balance sheet positions that impact near term income
- non-recurring costs associated with the turnaround plan
While these types of events can and do recur periodically, they are not part of the Company's primary business operations and are excluded from indicated financial information due to their distinction from ongoing business operations, inherent volatility and impact on the comparability of earnings across periods, as amounts recognized in any given period are not indicative of amounts that may be recognized in any particular future period.
Additionally, the Company engages in business to business transactions, in which it sells products to a partner company. Since the level of these sales is volatile from quarter-to-quarter and year-to-year, and is largely independent of the activities of its sales force, the Company at times, in addition to disclosing reported sales, discloses "core" sales amounts and comparisons, which excludes amounts sold under business to business transactions. This illustrates sales results and trends directly associated with activities of its independent sales force. All financial information disclosed and presented includes business to business transactions unless specifically stated as "core" sales or otherwise indicated.
Also, as the impact of changes in exchange rates is an important factor in understanding period-to-period comparisons. The Company believes the presentation of results on a constant currency basis, in addition to reported results, helps improve readers' ability to understand the Company's operating results and evaluate performance in comparison with prior periods. The Company presents constant currency information that compares results between periods as if current period exchange rates had been the exchange rates in the prior period. The Company uses results on a constant currency basis as one measure to evaluate performance and generally refers to such amounts as restated or excluding the impact of foreign currency.
These core sales and constant currency results should be considered in addition to, not as a substitute for, results reported in accordance with GAAP. Core sales and results on a constant currency basis may not be comparable to similarly titled measures used by other companies and are not measures of performance presented in accordance with GAAP.
Information included with this release includes references to Adjusted Diluted Earnings Per Share, and covenants under our credit agreement with Wells Fargo Bank, N.A.: Net Consolidated Leverage Ratio and Adjusted EBITDA (non-GAAP, per debt covenant). The Company uses Adjusted Diluted Earnings Per Share as this measure is used in its capital allocation decision process and in discussions with investors, analysts and other interested parties, while management believes Net Consolidated Leverage Ratio and Adjusted EBITDA (non-GAAP, per debt covenant) are useful to investors as they are used by management to assess the Company's liquidity. The Company's calculation of its Net Consolidated Leverage Ratio and Adjusted EBITDA (non-GAAP, per debt covenant) is in accordance with its credit agreement, and such calculations, as well as the Company's calculation of Adjusted Diluted Earnings Per Share, is set forth in the reconciliation from GAAP amounts in an attachment to this release; however, the reader is cautioned that other companies define these measures in different ways, and consequently they may not be comparable with similarly labeled amounts disclosed by others.
Investors: Alexis Callahan, alexiscallahan@tupperware.com, (321) 588-5129
Media: Cameron Klaus, cameronklaus@tupperware.com, (407) 371-9784
Segment Information
The Company manufactures and distributes a broad portfolio of products, primarily through independent direct sales force members. Certain operating segments have been aggregated based upon consistency of economic substance, geography, products, production process, class of customers and distribution method.
Sales Force Statistics
Sales force statistics shown below are collected by the Company and, in some cases, provided by distributors and sales force. Active sales force is defined as the average number of sellers ordering in each cycle over the course of the quarter. Constant currency changes, or changes excluding foreign exchange impact, are measured by comparing current year results with those of the prior year, translated at the current year's foreign exchange rates.
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(The Hill) – Opaque ownership laws that make it easier for property owners to avoid paying taxes are compounding a national housing crisis fueled by inflation and a shortage of low- and moderate-income homes.
Limited liability companies — or LLCs — are a common way for landlords to own the real estate on which they can charge rents. But LLCs often hide the identities of the people that stand behind them, allowing property owners to be shielded from legal consequences when they fail to pay their property taxes.
Properties can then go into tax foreclosure and be effectively taken off the market in cities where housing is in short supply, further driving up prices and forcing renters to live far away from where they work.
Studies have “linked LLC ownership to property disinvestment, tax abandonment, even completely walking away from properties,” Princeton sociology professor Matthew Desmond told the Senate Banking, Housing and Urban Affairs Committee on Tuesday.
“One of the landlords I spent time with in Milwaukee, I asked her, ‘What happened to this house that I spent a lot of time with?’ And she said, ‘I just gave it back to the city.’ And what she meant was, she just stopped paying taxes on it and let it go into tax foreclosure,” Desmond said.
“Tax foreclosure should not be part of a business strategy, but for some landlords who use LLCs, it is,” he added.
A 2019 study by Harvard Joint Center for Housing Studies fellow Adam Travis linked disrepair and disinvestment in housing to LLCs, which became widely available to property owners during the 1990s.
“Over the past two decades, the advent and diffusion of the limited liability company (LLC) has reshaped the legal landscape of rental ownership,” the study found. “Increasingly, rental properties are owned by business organizations that limit investor liability, rather than by individual landlords who own property in their own names.”
The study found “that signs of housing disinvestment increase when properties transition from individual to LLC ownership.”
The share of rental properties owned by professional landlords is increasing across the country as rents and mortgage rates are driven higher by interest rate increases from the Federal Reserve.
Professional “investors made 28.1 percent of all single-family purchases in February, a record high,” a July report from real estate market data firm CoreLogic found.
Since the onset of the pandemic in early 2020, the share of home purchases made by investors has doubled from 14 percent to around 28 percent, according to CoreLogic data.
Lawmakers from both parties noted that the increased holdings of professional landlords are causing concern.
“It’s come up repeatedly from witnesses, and my colleagues have made the point about increasing percentage of single-family homes especially that are owned by private investors. And there’s a lot of people who are very concerned about that,” Sen. Pat Toomey (R-Pa.) said during Tuesday’s hearing.
Sen. Catherine Cortez Masto (D-Nev.) echoed Toomey, arguing, “I, too, am concerned about institutional investors and the impact this is having in Nevada, why we’re seeing all these properties being purchased.”
“I know in my state in 2021, 29 percent of the homes purchased in the Las Vegas metro area were bought by investors. And the challenge is, I can’t tell how many are institutional. I think it has everything to do with what I heard earlier, about too many LLCs and not enough transparency,” she continued.
Across the country, property values have been increasing rapidly in the wake of the coronavirus pandemic, which saw a dearth of new building projects, doubling the pace of inflation. The Case-Shiller national home price index increased almost 20 percent from May 2021 to May 2022, whereas consumer inflation was up 8.6 percent in the same period.
Home prices rose about 20 percent and rents increased about 12 percent from 2020 to 2021, according to a joint report on national housing conditions from Harvard’s Graduate School of Design and Kennedy School of Government.
As families are priced out of the market by investors, legal mechanisms like LLCs that are favorable to professional property owners are coming under scrutiny.
“There’s a theme out there: out-of-town investors hiding behind a cloak of anonymity,” Laura Brunner, the manager of a government-backed real estate development agency in Cincinnati, told the Senate Banking Committee on Tuesday.
“Last summer, we asked the city of Cincinnati for the names of the five worst landlords,” she said. “It took months of rigorous research to uncover that over 4,000 single-family homes in Hamilton County had been purchased by these five landlords. Tracking the acquisitions was an arduous task due to the high volume of LLCs used.”
LLCs and similar legal designations, like S corporations, were initially used to encourage entrepreneurship, so that people could undertake risky business ventures without the threat of going personally bankrupt. Today, LLCs are more often used as devices to preserve anonymity by wealthy property owners, real estate industry experts say.
“I represent the richest people in the world and some of the most famous people in the world, and they will not buy a property unless it’s in the name of an LLC, sometimes more than one LLC, and they do that in order to keep that anonymity, so people don’t know who’s buying the property,” New York real estate attorney Adam Leitman Bailey said in an interview.
“In nefarious ways, it allows people from various countries to buy property in another country, to buy property in America. Let’s say they’re trying to hide money. They can do so by using an LLC, and people won’t know who they are.”
Bailey said this practice was common in high-profile cities like New York.
“As a real estate attorney, New York is a phenomenal place. If you have money that you want to make sure is not taken away from you from another country where it could be taken away or seized, you could buy a condo in New York and use it as a safety deposit box, and simply purchase it in cash under an LLC, and only the attorney and the client will know who owns the LLC. They can hide money that way. Real estate moves very slowly, and no one asks any questions,” he said.
Housing issues have taken center stage in hearings in both chambers of Congress in recent weeks.
The Senate Finance Committee held a hearing in July about the role that tax incentives could play in building more affordable housing, and the House Ways and Means Committee recently held a hearing under the name of “Nowhere to Live: Profits, Disinvestment, and the American Housing Crisis.”
The Treasury Department announced new rules last week to finance more affordable housing loans through the American Rescue Plan, and the White House held a virtual summit on Tuesday on beefing up emergency rental assistance and working toward long-term eviction reforms. | https://www.siouxlandproud.com/news/national-news/how-landlords-are-evading-taxes-and-fueling-the-housing-crisis/ | 2022-08-03T11:58:52Z | https://www.siouxlandproud.com/news/national-news/how-landlords-are-evading-taxes-and-fueling-the-housing-crisis/ | false | 29 |
Napoli owner Aurelio De Laurentiis reveals he won’t sign African players any more over losing them to Afcon
NAPOLI will no longer sign African players over fears of losing them to the African Cup of Nations, the club's owner and president has said.
Aurelio De Laurentiis declared Napoli would no longer sign players from Africa unless they agree not to play for their nation during Afcon.
During a streamed event, the 73-year-old said: "I told them lads, don't talk to me about Africans anymore!
"I love them, but either they sign something confirming they'll back out of playing the Africa Cup of Nations, or otherwise between that tournament, the World Cup qualifiers in South America, these players are never available!
"We are the idiots who pay salaries only to send them all over the world playing for others."
The declaration comes after Chelsea signed former Napoli defender Kalidou Koulibaly.
Koulibaly, 31, signed a deal with The Blues until 2026 in a transfer worth £34million last month.
The Senegal star, who will wear John Terry's iconic No26 shirt, captained Senegal as they won Afcon for the first time ever.
This meant Napoli lost his services for the entire month of January and the beginning of February earlier this year.
Prior to De Laurentiis' declaration, Napoli agreed a permanent deal to sign former Fulham midfielder Andre-Frank Zambo Anguissa who represented Cameroon during Afcon.
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The club also employ Nigerian striker Victor Osimhen, but the 23-year did not go to the tournament last season after the club announced he had come down with a bout of Covid.
In the Premier League Liverpool lost the likes of Mohamed Salah and Sadio Mane to Afcon, while other clubs such as Arsenal lost players such as Thomas Partey and Mohamed Elneny. | https://www.thesun.ie/sport/football/9196754/napoli-owner-wont-sign-african-players/ | 2022-08-03T11:59:56Z | https://www.thesun.ie/sport/football/9196754/napoli-owner-wont-sign-african-players/ | false | 4 |
ANGLETON — Residents will have until Sunday to complete a survey about $196 million bond requests being considered by Angleton ISD.
The survey has about 10 questions and should only take about five minutes to complete, Superintendent Phil Edwards said.
“We started looking at our home growth and housing developments in the district about a year or so,” Edwards said. “We decided to look at the possibility of a bond election to address some facility needs, so we contracted with Lamar University.”
Possible projects include adding a seventh elementary school, likely in Rosharon, and a second junior high, improvements to existing schools and about $18 million in safety and security measures across district buildings, Edwards said.
Other items in question include how some old facilities, like the transportation center, the indoor swimming pool and a school no longer in use, could be repurposed, he said.
The survey can be found on the front page of the Angleton ISD website.
Angleton ISD put together a citizens advisory committee of about 50 people from around the community that had a series of five meetings looking at the facilities’ needs, Edwards said.
“What they’re implementing is new schools. The community is growing, and they’re going to need more elementary schools and another junior high,” committee member Sherman Hall said. “The survey will be going out into the public and asking about new facilities and an elementary school closer to the north end of Angleton due to schools filling up and growing.”
The bond proposals aim to take the load off of Frontier Elementary by adding another elementary school and address two older schools that are 75 years old, he said.
“It’s important because the residents here need to know, and the community is growing, so it’s important they have the input on what needs to be implemented,” Hall said. “The school board wants to hear from the community. It’s important that the community get involved and voice their opinion and where they want them to put up.”
Once the survey results come in, the advisory committee will use that information to make a recommendation to the school board on whether to call a bond election and what it should include, Edwards said.
“It’s important so we can understand what the community feels about these possible bond projects, if people want to have their voices heard about what we may put on a ballot in November,” he said. “This is their opportunity to do something they think is necessary and getting the community feedback is important.” | https://thefacts.com/news/article_de81b743-e2fc-5075-8a28-c0dbbfdcc2d5.html | 2022-08-03T12:00:25Z | https://thefacts.com/news/article_de81b743-e2fc-5075-8a28-c0dbbfdcc2d5.html | true | 1 |
It’s that time again: back to school, back to spending so much money on supplies. And this year, families will have to shell out even more than usual because of inflation.
Thankfully, you can still save money on supplies and other gear by leaning on local parents, neighbors and community members. Here’s how.
BUY IN BULK, THEN SPLIT THE COSTS
You know who else is buying the same supplies you need? The parents of your kid’s classmates. So join forces.
Buy certain supplies in bulk if the cost per unit is less than that of a smaller pack. Then split those supplies among other caregivers, so each person pays less than if they had gone solo.
Buying in bulk is a smart strategy for more general items typically found on classroom lists. These could include facial tissues, disinfecting wipes, plastic storage bags, paper towels and sanitizers, says Charles Field, CEO of TeacherLists, a digital platform that enables teachers to upload supply lists, which retailers and parents can access.
Say your kid is supposed to bring hand sanitizer. One 12-ounce bottle could cost $16. But buy a four-pack for $36, and four people could each spend $9 per bottle.
Also try this method for harder-to-get and more expensive items, says Maggie Klokkenga, a Morton, Illinois-based certified financial planner and owner of Make a Money Mindshift, through which she coaches clients on their cash flow.
Say that fine-tipped dry-erase markers are tough to find. Rather than multiple parents searching empty shelves and paying a premium — collaborate.
Klokkenga, a parent of three school-age kids, has tips for coordinating to save on supplies. “It does require some behind-the-scenes organizing,” she says.
First, keep the number of people involved to under 10, she suggests, “before it gets a little hairy.” Gauge interest before proceeding. Next, compare prices on those items you want to split. Amazon is a safe bet for everyday essentials, she says, but office supply stores can be promising for large orders of classroom-specific items.
Finally, tell parents how much the cost will be per person and request that payment. Buy the products only after everyone has paid. After purchasing the items, arrange a pickup.
REACH OUT TO COMMUNITY ORGANIZATIONS
Don’t want to coordinate that kind of effort? Klokkenga suggests tapping existing groups.
Call your public library, local community center or place of worship to ask if they’re leading a back-to-school supply drive. If not, consider making the case for one.
For example, if there are several school-age kids who attend your place of worship, ask leaders to organize a fundraiser for school supplies.
“See if they can help be a partner, so to speak, in both the administration of it and in getting some money,” Klokkenga says.
Make sure to mention how inflation has driven up these costs for many of the group’s participants, she adds.
GET SECONDHAND GEAR FROM LOCAL MARKETS
Using pre-owned supplies and clothes is both eco-friendly and usually cheaper than buying new. The secondhand route is best for reusable items, such as clothes, backpacks and lunch boxes, says Kari Lorz, a Salem, Oregon-based certified financial education instructor and founder of Money for the Mamas, a website devoted to helping mothers learn about money.
However, Field points out that buying used is riskier for supplies that can wear down without you knowing, like ink pens.
As for where to find used stuff, Lorz recommends the Buy Nothing Project. According to its website, this movement includes thousands of local communities hosted on Facebook and the BuyNothing app. In these groups, members request and give away stuff for free.
Lorz frequents her local Buy Nothing group. She says it would be fine for a new member who hadn’t previously given away anything to make requests. “There’s nobody keeping tally,” she says.
You may also find free or discounted items in other local, online spaces, such as Facebook Marketplace, Nextdoor and Craigslist.
For in-person shopping, seek out yard sales, garage sales and thrift stores.
CREATE A CARPOOL
Whether you have to haul kids to school or to extracurricular activities, high gas prices will hurt. So try organizing a carpool with nearby families.
Sharing driving duty is kind to the Earth, your wallet and — as Klokkenga points out — you. “When somebody else picks up your kid, you just gained 10 to 15 more minutes of time,” she says.
And when it’s your turn to drive, she says, you can learn more about your kid and their classmates. “It promotes conversation,” she says. “Lots of times, you’re finding out more about what’s going on.”
_______________________________
This article was provided to The Associated Press by the personal finance website NerdWallet. Laura McMullen is a writer at NerdWallet. Email: lmcmullen@nerdwallet.com. Twitter: @lauraemcmullen.
RELATED LINKS: | https://www.bigrapidsnews.com/news/article/How-to-save-on-school-supplies-by-tapping-your-17347753.php | 2022-08-03T12:00:47Z | https://www.bigrapidsnews.com/news/article/How-to-save-on-school-supplies-by-tapping-your-17347753.php | true | 20 |
TopGum gains organic certification for its clean, sugar-free functional gummies
TEL AVIV, Israel, Aug. 3, 2022 /PRNewswire/ -- TopGum Industries Ltd., a leading producer of functional gummies; announces its new designation as a USDA-certified organic manufacturer of gummies. Following a strict audit of its facility and production systems by an authorized international Organic Certifier, the new seal confirms the company's commitment to sourcing, processing, and manufacturing certified organic, non-GMO products that conform to the rigid standards established by the USDA's National Organic Program.
"Receiving formal organic certification entails a lengthy and complex process and marks an important milestone for us," explains Doron Delouya, VP of Product at TopGum. "Globally, consumers are becoming increasingly attuned to the wellness qualities, the source of the ingredients and the environmental footprint of the foods and supplements they consume. At Top Gum, through constant, cutting-edge innovation, we have developed a unique formula that enables dietary supplement brands to deliver functional gummies that meet all organic standards, yet—most importantly—still have strong flavor appeal and great organoleptic attributes."
The company purchases only select and certified organic raw materials, then follows stringent internal standard operating procedures, including cleaning and sanitation procedures. "We have implemented our proprietary technology to formulate an uncompromised organic gummy matrix and a state-of-the-art computerized system for traceability across the production chain, from raw materials to finished product," explains Delouya.
TopGum's functional gummies incorporate a unique delivery system that facilitates the integration of high-value nutraceuticals including botanical extracts and vitamins and minerals at concentrated dosages and are free of added sugars.
Positioning itself at the head of the gummy innovation curve, the company's product portfolio also includes its patented sugar-free Gummiceuticals whose formula is based on inherently sweet prebiotic fibers.
"Consumers are actively seeking gummy supplements as opposed to pills and tablets and the organic gummies are the next evolution in high-end supplements," notes Amichai Bar Nir, CEO of TopGum. "There also is a growing movement in developing countries to turn to natural gummy supplements. Our R&D team worked relentlessly in last couple of years to develop a sugar-free, clean label better-for-you gummy without any short-comings on the consumer experience."
The company will introduce its organic gummies to its lucrative customer base in the US before moving to Europe and the rest of the world. TopGum manufactures gummy supplements on a private-label basis for brands seeking innovative and more palatable formats for their nutraceutical ingredients. "We already received orders from several food supplement companies for custom botanical gummies that qualify as organic," adds Bar Nir. "And these include some first-tier names."
"Since our entry to the functional gummies world, we are constantly pushing for innovative ways to upgrade our offerings," continues Bar-Nir. "We have combined our 20 years of experience in pioneering flavorful gummies to take the supplement space to new heights. Our newly acquired organic status effectively opens an entirely new market and will expand the range of products the company can offer its customers worldwide."
About TopGum, Ltd.
TopGum was founded in 2004, by Hai Hayon and Dov Lusternik. In 2019, TopGum launched its functional gummy supplements portfolio following years of intensive R&D and sizeable investment in a state-of-the-art GMP- and UL-qualified facility. In just a few years TopGum has positioned itself as a leader in the Israeli functional gummies market. TopGum complies with the strictest standards of safety and quality. All products are nut-free, lactose-free, gluten-free, and kosher- and halal-certified.
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Truth about Beirut port blast cannot be hidden, pope says
VATICAN CITY (Reuters) - Pope Francis said on Wednesday he hoped the people of Lebanon can be comforted by justice over the Beirut port blast that killed at least 215 people two years ago, saying "the truth can never be hidden".
Speaking at his weekly general audience, Francis noted that Thursday would be the second anniversary of the blast, which also wounded thousands of people and damaged large swathes of the capital.
"My thoughts go to the families of the victims of that disastrous event and to the dear Lebanese people. I pray so that each one can be consoled by faith and comforted by justice and by truth, which can never be hidden," he said.
Despite the devastation wrought by the blast, one of the biggest non-nuclear explosions ever recorded, a judicial investigation has brought no senior official to account.
With the probe frozen for months, many Lebanese see this as an example of the impunity enjoyed by a ruling elite that has long avoided accountability for corruption and bad governance, including policies that led to financial collapse.
Francis said he hoped that Lebanon, helped by the international community, could see a "renaissance" and be a land of peace and pluralism where members of different religions can live together in fraternity.
The pope was to have visited Lebanon in June but the trip was postponed, partly because of his health and partly because of the political situation in Lebanon.
(Reporting by Philip Pullella; Editing by Nick Macfie) | https://ca.sports.yahoo.com/news/truth-beirut-port-blast-cannot-115359665.html?src=rss | 2022-08-03T12:06:34Z | https://ca.sports.yahoo.com/news/truth-beirut-port-blast-cannot-115359665.html?src=rss | true | 6 |
CAMBRIDGE, Mass., Aug. 3, 2022 /PRNewswire/ -- Omega Therapeutics, Inc. (Nasdaq: OMGA) ("Omega"), a clinical-stage biotechnology company pioneering the first systematic approach to use mRNA therapeutics as programmable epigenetic medicines by leveraging its OMEGA Epigenomic Programing™ platform, today announced that Thomas McCauley, Chief Scientific Officer, will participate in a fireside chat at the 2022 Wedbush PacGrow Healthcare Conference on August 10, 2022, at 8 a.m. ET.
A live webcast of the fireside chat will be available on the Investors & Media section of the Company's website at www.omegatherapeutics.com. An archived replay of the fireside chat will be available on the same website for approximately 90 days.
Omega Therapeutics, founded by Flagship Pioneering, is a clinical-stage biotechnology company pioneering the first systematic approach to use mRNA therapeutics as a new class of programmable epigenetic medicines. The company's OMEGA Epigenomic Programming™ platform harnesses the power of epigenetics, the mechanism that controls gene expression and every aspect of an organism's life from cell genesis, growth, and differentiation to cell death. Using a suite of technologies, paired with Omega's process of systematic, rational, and integrative drug design, the OMEGA platform enables control of fundamental epigenetic processes to correct the root cause of disease by returning aberrant gene expression to a normal range without altering native nucleic acid sequences. Omega's modular and programmable mRNA medicines, Omega Epigenomic Controllers™, target specific epigenomic loci within insulated genomic domains, EpiZips™, from amongst thousands of unique, mapped, and validated genome-wide DNA-sequences, with high specificity to durably tune single or multiple genes to treat and cure diseases through Precision Genomic Control™. Omega is currently advancing a broad pipeline of development candidates spanning a range of disease areas, including oncology, regenerative medicine, multigenic diseases including immunology, and select monogenic diseases, including alopecia.
For more information, visit omegatherapeutics.com, or follow us on Twitter and LinkedIn.
Contacts
Media contact:
Jason Braco
LifeSci Communications
646.751.4361
jbraco@lifescicomms.com
Investor contact:
Kevin Murphy
Argot Partners
212.600.1902
ArgotOmega@argotpartners.com
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SOURCE Omega Therapeutics | https://www.kltv.com/prnewswire/2022/08/03/omega-therapeutics-participate-2022-wedbush-pacgrow-healthcare-conference/ | 2022-08-03T12:08:19Z | https://www.kltv.com/prnewswire/2022/08/03/omega-therapeutics-participate-2022-wedbush-pacgrow-healthcare-conference/ | true | 14 |
Motor racing-Russell can turn pole into win in Hungary, says Mercedes boss
July 30 (Reuters) - George Russell can turn his first Formula One pole position into a first career victory in Hungary on Sunday, according to Mercedes team boss Toto Wolff.
The 24-year-old Briton pulled out a stunning final flying lap in Saturday's qualifying at the Hungaroring to surprise Ferrari favourites Carlos Sainz and Charles Leclerc to take the top slot.
Red Bull's world championship leader Max Verstappen will line up 10th.
"I think if we can maintain the position at the start, and be first coming out of the first lap and drive a solid race and have some good stops, why not? We can win this," Wolff told Sky Sports television.
"We haven't been in the hunt for wins this season, we know how quick Ferrari was all the time, Charles was solid in the lead in the last race," added the Austrian.
"Max is a bit further behind which is also not bad for an end result."
Mercedes have struggled this season after winning eight constructors' titles in a row and have had a roller-coaster ride with signs of improvement followed by disappointment and success coming after setbacks.
In Friday practice, the talk was of a tough weekend ahead after Russell was only eighth and seven-times world champion Lewis Hamilton 11th in the second session.
Hamilton qualified seventh after problems with his car's drag reduction system.
Russell, in his first full season at Mercedes after three years at lowly Williams, was certainly not about to get ahead of himself.
"You don’t even think about it," he said when asked if he could imagine what the win would feel like.
"You take each day at a time. You don’t want to get carried away with yourself. You just focus step-by-step. Getting off the line, a good start, good first stint. Is it going to be a one, two, or a three stop?
"We know we have relatively speaking a faster race car than we do a qualifying car. If that’s going to be the case again this weekend, I’ll be very shocked. We just absolutely nailed to 100% and got every last millisecond out of it."
Reporting by Alan Baldwin in London, editing by Pritha Sarkar
Our Standards: The Thomson Reuters Trust Principles. | https://www.newsbreak.com/news/2686357935755/motor-racing-russell-can-turn-pole-into-win-in-hungary-says-mercedes-boss | 2022-08-03T12:12:04Z | https://www.newsbreak.com/news/2686357935755/motor-racing-russell-can-turn-pole-into-win-in-hungary-says-mercedes-boss | true | 5 |
How 'crossbow intruder' at Windsor Castle is first man charged under the 1842 Treason Act in 41 years... but Nazi collaborator Lord Haw-Haw was the last person charged with graver 1351 Act that resulted in him being hanged
- Jaswant Singh Chail, 20, who allegedly broke into Windsor with crossbow is charged under Treason Act 1842
- Victorian-era law was last used in 1981 when Marcus Sarjeant, 17, fired blank shots at the Queen on The Mall
- Last person convicted under the separate 1351 Treason Act was William Joyce, also known as Lord Haw-Haw
- Treason Act 1842 was introduced by Queen Victoria after two men fired at her that year, but it is rarely used
The man who allegedly broke into Windsor Castle armed with a crossbow on Christmas Day has been charged under a Victorian-era treason law, which was last used more than 40 years ago and has a fascinating history.
Prosecutions are very rare under the 1842 Treason Act, which makes it an offence to assault the Queen, or have a firearm or offensive weapon in her presence with intent to injure or alarm her or to cause a breach of peace.
The Act was last used in 1981, when Marcus Sarjeant was jailed for five years under section two after he fired blank shots at the Queen while she was riding down The Mall in London during the Trooping the Colour parade.
Sarjeant, who was 17 at the time, was tackled by a soldier and the police before being arrested and charged - and although the Queen had to control her horse Burmese during the attack, she continued with the ceremony.
The last person to be convicted under the separate and more serious 1351 Treason Act was William Joyce, also known as Lord Haw-Haw, a fascist supporter who collaborated with Germany during the Second World War.
Joyce was captured by the British army towards the end of the war in May 1945 and hanged at Wandsworth Prison in South London in January 1946, which also makes him the last person in Britain to be executed for treason.
The 1842 Treason Act was last used in 1981, when Marcus Sarjeant (left; and right, being arrested) was jailed for five years after he fired blank shots at the Queen while she was riding down The Mall in London during the Trooping the Colour parade
The Queen Elizabeth II comforts her horse Burmese after Sarjeant fired six blank shots during Trooping the Colour in 1981
Sarjeant, who was aged 17, was tackled by a soldier and the police before being arrested and charged in the 1981 incident
Detective Inspector Ian Blair holds the imitation gun used by Marcus Sarjeant, from which he fired blank shots at the Queen
The Treason Act was introduced by Queen Victoria after two men fired at her in 1842. John Francis aimed at Victoria but did not fire as she rode a carriage across The Mall.
The monarch went out again the following day to bait her would-be assassin, who this time did fire a shot before he was arrested by plainclothes policemen.
Shortly afterwards, John William Bean fired a pistol at Victoria, but it had been loaded only with paper and tobacco.
Prince Albert felt the death penalty was too harsh for the bungling shooters, so encouraged Parliament to pass a law fitting lesser crimes against the monarch - such as intending to alarm or wound - and a new, less serious offence, was created.
It is extremely rare for charges to be brought under the 1842 law.
But Jaswant Singh Chail, 20, of Southampton, has been charged under it after being accused of scaling the castle wall to injure or alarm the Queen while brandishing the weapon.
The Queen had been staying at Windsor Castle for Christmas last year rather than spending the festive period at the Sandringham estate in Norfolk as usual.
The last person to be convicted under the more serious 1351 Treason Act was William Joyce, also known as Lord Haw-Haw
Lord Haw-Haw (right, with his wife Margaret) was a fascist supporter who collaborated with Germany during World War Two
Joyce - pictured at a fascist meeting in Chiswick, West London - was captured by the British army towards the end of the war
She was joined for lunch by the Prince of Wales and the Duchess of Cornwall, as well as the Earl and Countess of Wessex.
It was her first Christmas without her late husband Prince Philip, and a tribute to him was broadcast that day in the monarch's emotional Christmas Day address to the nation.
Scotland Yard said Chail had been charged with an offence under section two of the Treason Act 1842.
This is 'discharging or aiming firearms, or throwing or using any offensive matter or weapon, with intent to injure or alarm her Majesty'.
The Crown Prosecution Service added that he had been charged with 'being near to the person of the Queen, wilfully producing a loaded crossbow with intent to use the same to injure the person of Her Majesty'.
Chail has also been charged with threats to kill under section 16 of the Offences Against the Person Act 1861 and possession of an offensive weapon under section one of the Prevention of Crime Act 1953.
Jaswant Singh Chail (pictured), of Southampton, has been charged with an offence under section two of the Treason Act 1842
Armed police officers on guard outside Windsor Castle in Berkshire on December 27, two days after the alleged incident
The King Henry VIII gate at Windsor Castle in Berkshire is pictured being guarded by armed police in January this year
The Queen, who was in residence at Buckingham Palace, is pictured delivering her annual Christmas Day speech last year
The incident that allegedly involved Chail also brought back memories of an intrusion at Buckingham Palace in 1982.
On that occasion, 31-year-old painter and decorator Michael Fagan entered the Queen's private chambers at Buckingham Palace while she was in bed before police apprehended him - but he was not charged over the incident.
Nick Price, head of the Crown Prosecution Service special crime and counter terrorism division, said last night: 'The CPS has authorised the Metropolitan Police to charge Jaswat Singh Chail with offences after he was arrested in the grounds of Windsor Castle on 25 December 2021 carrying a crossbow.
'This decision has been made following an investigation carried out by the Met's Counter Terrorism Command.
'Mr Chail, 20, has been charged with making threats to kill, possession of an offensive weapon, and an offence under the 1842 Treason Act.'
Chail is in custody and will appear at Westminster Magistrates' Court on August 17. | https://www.dailymail.co.uk/news/article-11076583/Windsor-Castle-intruder-person-jailed-1842-Treason-Act.html?ns_mchannel=rss&ito=1490&ns_campaign=1490 | 2022-08-03T12:18:25Z | https://www.dailymail.co.uk/news/article-11076583/Windsor-Castle-intruder-person-jailed-1842-Treason-Act.html?ns_mchannel=rss&ito=1490&ns_campaign=1490 | false | 4 |
Revenue up 17% (21% in local currency1) to $5.3 billion; fee revenue1 grew 19% (23% in local currency) to $2.1 billion
CHICAGO, August 3, 2022 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) today reported operating performance for the second quarter of 2022 with diluted earnings per share of $3.90, up from $3.82 in the prior-year quarter, and adjusted diluted earnings per share1 of $4.48, up from $4.20 last year.
• Top-line expansion was broad-based as most segments achieved 20% or greater growth
° Higher deal volume in the Americas and EMEA led the 28% increase in Capital Markets fee revenue
° Strong leasing performance continued across several asset classes, driving 23% growth in Markets Advisory fee revenue
° Outsourcing wins and greater demand in Project Management contributed to the 19% increase in Work Dynamics fee revenue
• Incremental headcount and investments to support existing and future growth more than offset higher revenue
• Nearly $300 million of share repurchases this quarter, continuing the return of capital to shareholders
"JLL showed strong and resilient performance through the second quarter, with double-digit fee revenue growth across nearly all of our business lines," said Christian Ulbrich, JLL CEO. "We continue to see significant growth opportunities and intend to strategically invest in people and technology through the cycle in areas of our business which we believe will drive outperformance in the coming years. Our investment-grade balance sheet and free cash flow allow us to make these investments while continuing to return capital to shareholders."
The company achieved revenue and fee revenue increases of 21% and 23%, respectively, compared with the prior-year quarter. Year-over-year fee revenue growth was substantially all organic, broad-based across all segments, and led by transaction-based businesses within Markets Advisory and Capital Markets, which increased 23% and 28%, respectively. In addition, annuity-based businesses continued to deliver solid fee revenue growth as Workplace Management within Work Dynamics, for example, grew 15%. LaSalle's 23% increase in advisory fees was mostly offset by lower incentive fees. The following charts reflect revenue and fee revenue by segment for the current quarter, as well as the proportion of revenue and fee revenue growth by segment, compared with the second quarter of 2021.
Refer to segment performance highlights for additional detail.
Net income attributable to common shareholders for the second quarter was $193.9 million, compared with $200.0 million in 2021, and Adjusted EBITDA was $359.0 million, compared with $332.4 million last year.
Diluted earnings per share for the second quarter were $3.90, up from $3.82 in 2021; adjusted diluted earnings per share were $4.48, compared with $4.20 last year.
Adjusted EBITDA margin for the quarter, calculated on a fee-revenue basis, was 16.8% in USD (and 16.5% local currency), compared with 18.5% in 2021. The net decrease in margin was primarily due to higher compensation expense - including higher commissions and increased headcount - as well as higher T&E and marketing expenses as business normalizes compared with the prior-year quarter. These drivers more than offset the fee revenue growth.
Net income attributable to common shareholders was $339.5 million for the six months ended June 30, 2022, compared with $303.0 million last year, and Adjusted EBITDA was $632.6 million, compared with $522.5 million in 2021. Diluted earnings per share were $6.75 for the six months ended June 30, 2022, up from $5.80 in 2021; adjusted diluted earnings per share were $7.94, compared with $6.31 last year.
Cash Flows and Capital Allocation:
Free Cash Flow6 was an outflow of $626.3 million for the first half of 2022, compared with an outflow of $315.9 million in the prior year. The greater cash outflow was driven by higher annual incentive compensation paid in 2022, compared with 2021, partially offset by an increase in cash provided by earnings. Free Cash Flow was an inflow of $136.7 million for the second quarter of 2022, compared with an inflow of $180.5 million in the prior-year quarter. This lower cash inflow was primarily attributable to higher commission payments made in the current quarter.
In the second quarter of 2022, the company repurchased 1,397,915 shares for $297.7 million. Year to date, 2,013,266 shares were repurchased returning $447.7 million to shareholders, compared with 172,500 shares repurchased and $37.9 million of capital returned in the first half of 2021. As of June 30, 2022, approximately $1.3 billion remained authorized for repurchase under the share repurchase program.
Also in the second quarter of 2022, the company recognized a $10.5 million loss on the disposition of its Russia business. The loss is included in Other income (expense) on the Consolidated Statement of Operations and is excluded from adjusted EBITDA and adjusted diluted earnings per share.
Net Debt, Leverage and Liquidity6:
Total net debt was $1,575.9 million as of June 30, 2022, representing an increase of $244.7 million from March 31, 2022, and an increase of $927.4 million from June 30, 2021. The increase from March 31, 2022, primarily reflected share repurchase activity as discussed in the Capital Allocation section above.
The company's Net Leverage Ratio was 1.0x as of June 30, 2022, up from 0.8x as of March 31, 2022, and up from 0.6x as of June 30, 2021.
Corporate Liquidity was $1.9 billion as of June 30, 2022.
Markets Advisory revenue and fee revenue growth was led by Leasing, largely attributable to the U.S. (75% of the Leasing fee revenue increase on a local currency basis), a result of increases in average deal size and volume over the prior-year quarter. Specifically for the U.S., the industrial sector growth was due to larger average deal size, reflecting elevated demand with more limited supply, while the increase in the office sector was substantially due to higher deal volume. In addition to the increased revenues in the U.S., EMEA Leasing grew 42% versus the prior-year quarter, propelled primarily by growth in average transaction size within office.
Adjusted EBITDA margin for the quarter, calculated on a fee-revenue basis, was 15.7% in USD (15.6% in local currency), compared with 16.0% in 2021. The lower margin was primarily due to higher compensation expenses - driven largely by revenue producers achieving higher commission tiers earlier in 2022 compared with 2021 and additional headcount to meet increased business demand - and incremental T&E and marketing expenses. These drivers were partially offset by the increased revenue described above as well as the timing of non-commission incentive compensation accruals, reflecting changes in annual compensation plans from 2021 to 2022, which resulted in a lower percentage of expected full-year incentive compensation accrued this quarter compared with the prior year.
Capital Markets fee revenue growth was broad-based, led by increases in debt advisory and investment sales. Within Investment Sales, Debt/Equity Advisory and Other, nearly all major asset classes grew compared with prior-year quarter, notably in the retail, land and residential sectors. Higher Loan Servicing revenue was attributable to (i) continued growth of the servicing portfolio, particularly from loans originated under the Fannie Mae DUS program (approximately 55% of the increase) and (ii) incremental prepayment fees.
Adjusted EBITDA margin for the quarter, calculated on a fee-revenue basis, was 19.2% in USD (and 19.1% local currency), compared with 22.6% in 2021. The reduction in margin was primarily due to increased compensation expense from incremental headcount and higher commissions, and an increase in T&E and marketing expenses. These drivers were partially offset by the fee revenue growth described above and reductions in other variable compensation plans as a result of changes to the commission structures.
Revenue growth for Work Dynamics was led by the commencement of Workplace Management services for new client wins and expansion of existing global mandates, predominantly in the United States. Project Management also meaningfully contributed to revenue growth and led fee revenue growth for the segment, largely from higher project demand which is approaching pre-pandemic levels.
Adjusted EBITDA margin for the quarter, calculated on a fee-revenue basis, was 12.4% in USD (11.9% in local currency), compared with 12.5% in 2021. The slight margin contraction was attributable to incremental investments in people, consistent with the first quarter, and was substantially offset by the revenue increases described above.
JLL Technologies top-line growth included $8.3 million of incremental fee revenue from acquisitions closed in the second half of 2021. Organic fee revenue increased 22%, driven by new customers as well as growth from existing customers in software and solutions offerings.
Equity earnings in both years were attributable to valuation increases to JLL Technologies' investments in proptech funds and early to mid-stage proptech companies, primarily reflecting subsequent financing rounds at increased per-share values.
Adjusted EBITDA margin for the quarter, calculated on a fee-revenue basis, was 27.0% in USD (25.7% in local currency), compared with negative 4.6% in 2021. The margin expansion was due to higher equity earnings, partially offset by incremental compensation related to recent acquisitions and the continued ramp up of operations to support future growth.
LaSalle advisory fee growth was concentrated in core open-end funds, driven by strong capital raising and increases in fair value of assets under management over the trailing twelve months. Prior-year incentive fees, which did not reoccur in the current quarter, related to real estate dispositions on behalf of clients, predominantly in Asia Pacific.
Current quarter's equity earnings included a loss of $1.9 million due to negative share price movement for a co-investment in a LaSalle-managed publicly traded REIT in Japan, whereas the prior-year quarter reflected a $9.5 million gain related to the same investment. In addition, equity earnings in the prior-year quarter were also partially driven by the recovery of pandemic-driven valuation declines in 2020.
Adjusted EBITDA margin for the quarter, calculated on a fee-revenue basis, was 26.0% in USD (24.3% in local currency), compared with 44.2% in 2021. The margin contraction was primarily attributable to the decrease in equity earnings, which drove over 80% of the margin contraction, and lower incentive fees, partially offset by higher advisory fees and incremental advisory fee platform scale.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of June 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit ir.jll.com.
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Cautionary Note Regarding Forward-Looking Statements
Statements in this news release regarding, among other things, future financial results and performance, achievements, plans, objectives and shares repurchases may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties, and other factors, the occurrence of which are outside JLL's control which may cause JLL's actual results, performance, achievements, plans, and objectives to be materially different from those expressed or implied by such forward-looking statements. For additional information concerning risks, uncertainties, and other factors that could cause actual results to differ materially from those anticipated in forward-looking statements, and risks to JLL's business in general, please refer to those factors discussed under "Risk Factors," "Business," "Management's Discussion and Analysis of Financial Condition and Results of Operations," "Quantitative and Qualitative Disclosures about Market Risk," and elsewhere in JLL's filed Annual Report on Form 10-K for the year ended December 31, 2021, our Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, and other reports filed with the Securities and Exchange Commission. Any forward-looking statements speak only as of the date of this release, and except to the extent required by applicable securities laws, JLL expressly disclaims any obligation or undertaking to publicly update or revise any forward-looking statements contained herein to reflect any change in expectations or results, or any change in events.
JONES LANG LASALLE INCORPORATED
Financial Statement Notes
1. Management uses certain non-GAAP financial measures to develop budgets and forecasts, measure and reward performance against those budgets and forecasts, and enhance comparability to prior periods. These measures are believed to be useful to investors and other external stakeholders as supplemental measures of core operating performance and include the following:
(i) Fee revenue and Fee-based operating expenses,
(ii) Adjusted EBITDA attributable to common shareholders ("Adjusted EBITDA") and Adjusted EBITDA margin,
(iii) Adjusted net income attributable to common shareholders and Adjusted diluted earnings per share,
(iv) Percentage changes against prior periods, presented on a local currency basis, and
(v) Free Cash Flow.
However, non-GAAP financial measures should not be considered alternatives to measures determined in accordance with U.S. generally accepted accounting principles ("GAAP"). Any measure that eliminates components of a company's capital structure, cost of operations or investments, or other results has limitations as a performance measure. In light of these limitations, management also considers GAAP financial measures and does not rely solely on non-GAAP financial measures. Because the company's non-GAAP financial measures are not calculated in accordance with GAAP, they may not be comparable to similarly titled measures used by other companies.
Adjustments to GAAP Financial Measures Used to Calculate non-GAAP Financial Measures
Gross Contract Costs represent certain costs associated with client-dedicated employees and third-party vendors and subcontractors and are directly or indirectly reimbursed through the fees we receive. These costs are presented on a gross basis in Operating expenses with the equal amount of corresponding fees in Revenue. Excluding gross contract costs from both Fee revenue and Fee-based operating expenses more accurately reflects how the company manages its expense base and operating margins and also enables a more consistent performance assessment across a portfolio of contracts with varying payment terms and structures.
Net Non-Cash Mortgage Servicing Rights ("MSR") and Mortgage Banking Derivative Activity consists of the balances presented within Revenue composed of (i) derivative gains/losses resulting from mortgage banking loan commitment and warehousing activity and (ii) gains recognized from the retention of MSR upon origination and sale of mortgage loans, offset by (iii) amortization of MSR intangible assets over the period that net servicing income is projected to be received. Non-cash derivative gains/losses resulting from mortgage banking loan commitment and warehousing activity are calculated as the estimated fair value of loan commitments and subsequent changes thereof, primarily represented by the estimated net cash flows associated with future servicing rights. MSR gains and corresponding MSR intangible assets are calculated as the present value of estimated cash flows over the estimated mortgage servicing periods. The above activity is reported entirely within Revenue of the Capital Markets segment. Excluding net non-cash MSR and mortgage banking derivative activity reflects how the company manages and evaluates performance because the excluded activity is non-cash in nature.
Restructuring and Acquisition Charges primarily consist of: (i) severance and employment-related charges, including those related to external service providers, incurred in conjunction with a structural business shift, which can be represented by a notable change in headcount, change in leadership or transformation of business processes; (ii) acquisition, transaction and integration-related charges, including fair value adjustments, which are generally non-cash in the periods such adjustments are made, to assets and liabilities recorded in purchase accounting such as earn-out liabilities and intangible assets; and (iii) lease exit charges. Such activity is excluded as the amounts are generally either non-cash in nature or the anticipated benefits from the expenditures would not likely be fully realized until future periods. Restructuring and acquisition charges are excluded from segment operating results and therefore not a line item in the segments' reconciliation to Adjusted EBITDA.
Amortization of Acquisition-Related Intangibles, primarily composed of the estimated fair value ascribed at closing of an acquisition to assets such as acquired management contracts, customer backlog and relationships, and trade name, is more notable following the company's increase in acquisition activity in recent years. Such non-cash activity is excluded as the change in period-over-period activity is generally the result of longer-term strategic decisions and therefore not necessarily indicative of core operating results.
Gain or Loss on Disposition reflects the gain or loss recognized on the sale of businesses. Given the low frequency of business disposals by the company historically, the gain or loss directly associated with such activity is excluded as it is not considered indicative of core operating performance. In 2022, the $7.5 million net loss included $10.5 million of loss related to the disposition of the Russia business, partially offset by a $3.0 million gain related to a disposition within JLL Technologies. In 2021, the $12.0 million gain related to a business disposition within JLL Technologies during the first quarter of 2021.
Reconciliation of Non-GAAP Financial Measures
Below are reconciliations of (i) Revenue to Fee revenue and (ii) Operating expenses to Fee-based operating expenses:
Below is (i) a reconciliation of Net income attributable to common shareholders to EBITDA and Adjusted EBITDA, (ii) the Net income margin attributable to common shareholders (against Revenue), and (iii) the Adjusted EBITDA margin (presented on a local currency and on a fee-revenue basis). Following this is the (i) reconciliation to adjusted net income and (ii) components of adjusted diluted earnings per share.
Operating Results - Local Currency
In discussing operating results, the company reports Adjusted EBITDA margins and refers to percentage changes in local currency, unless otherwise noted. Amounts presented on a local currency basis are calculated by translating the current period results of foreign operations to U.S. dollars using the foreign currency exchange rates from the comparative period. Management believes this methodology provides a framework for assessing performance and operations excluding the effect of foreign currency fluctuations.
The following table reflects the reconciliation to local currency amounts for consolidated (i) revenue, (ii) fee revenue, (iii) operating income and (iv) Adjusted EBITDA.
2. As part of the last phase of the company's Beyond transformation, effective January 1, 2022, the company changed from its geographic-centric Real Estate Services segments of Americas, EMEA and Asia Pacific to global business line segments of Markets Advisory, Capital Markets, Work Dynamics and JLL Technologies. The company's real estate investment management business, LaSalle, continues as a reporting segment. Beginning with the first quarter of 2022, the company's financial results are presented on this basis. Comparable periods in 2021 have been recast to align with the new reporting structure.
3. Restructuring and acquisition charges are excluded from the company's measure of segment operating results, although they are included within consolidated Operating income calculated in accordance with GAAP. For purposes of segment operating results, the allocation of restructuring and acquisition charges to the segments is not a component of management's assessment of segment performance. The table below shows restructuring and acquisition charges.
4. The consolidated statements of cash flows are presented in summarized form. For complete consolidated statements of cash flows, please refer to the company's Form 10-Q for the quarter ended June 30, 2022, to be filed with the SEC in the near future.
5. As of June 30, 2022, LaSalle had $82.1 billion of real estate assets under management (AUM), composed of $39.6 billion invested in separate accounts, $38.3 billion invested in fund management vehicles and $4.2 billion invested in public securities. The geographic distribution of separate accounts and fund management investments was $29.1 billion in North America, $20.0 billion in the UK, $13.8 billion in Asia Pacific and $7.5 billion in continental Europe. The remaining $7.5 billion relates to Global Partner Solutions which is a global business line.
AUM increased 6% in USD (8% in local currency) from $77.8 billion as of March 31, 2022. The AUM increase resulted from (i) $3.9 billion of acquisitions, (ii) $3.1 billion of net valuation increases, partially offset by (iii) $1.1 billion of dispositions and withdrawals and (iv) $1.6 billion of foreign currency decreases.
Assets under management data for separate accounts and fund management amounts are reported on a one-quarter lag. In addition, LaSalle raised $1.4 billion in private equity capital for the quarter ended June 30, 2022.
6. "Net Debt" is defined as the sum of the (i) Credit facility, (ii) Long-term debt and (iii) Short-term borrowings liability balances less Cash and cash equivalents.
"Net Leverage Ratio" is defined as Net Debt divided by the trailing-twelve-month adjusted EBITDA.
"Corporate Liquidity" is defined as the unused portion of the company's Credit Facility plus cash and cash equivalents.
"Free Cash Flow" is defined as cash provided by operating activities less net capital additions - property and equipment.
"EMEA" is defined as Europe, Middle East and Africa.
7. n.m.: "not meaningful", represented by a percentage change of greater than 1,000%, favorably or unfavorably.
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SOURCE JLL-IR | https://www.kfvs12.com/prnewswire/2022/08/03/jll-reports-financial-results-second-quarter-2022/ | 2022-08-03T12:24:06Z | https://www.kfvs12.com/prnewswire/2022/08/03/jll-reports-financial-results-second-quarter-2022/ | false | 29 |
'There are babies, babies everywhere': Lena Dunham, 36, questions what motherhood will look like for her after hysterectomy - as she reflects on her role as pregnant woman in Sharp Stick
Lena Dunham has questioned what motherhood will look like for her on Wednesday, after previously undergoing a total hysterectomy.
The actress, 36, reflected on her recent role in comedy-drama Sharp Stick, in which she play's a pregnant woman, adding that she is at a time in her life where there are 'babies everywhere.'
Lena underwent a total hysterectomy in 2018 to remove her uterus and cervix after enduring years of endometriosis-related pain.
Candid: Lena Dunham, 36, has questioned what motherhood will look like for her on Wednesday, after previously undergoing a total hysterectomy
In an interview with WSJ. Magazine, she detailed how the film helped her explore the meaning of motherhood.
Lena said: 'I think the movie was a lot about motherhood and the different shapes motherhood could take and the questions I was asking myself about that.
'What is motherhood going to look like for me? What are my feelings about what motherhood’s supposed to look like versus what motherhood actually looks like?'
Complicated: The actress reflected on her role in Sharp Stick, in which she play's a pregnant woman, adding that she is at a time in her life where there are 'babies everywhere'
The star, who married musician Luis Felber in 2021, continued: 'I'm firmly in that moment in my life where there are babies, babies everywhere.
'So it was an exciting chance to ask myself some of those questions, while also having the kind of distance that comes from asking them through characters.'
Lena's latest feature film Sharp Stick sees her play a pregnant wife whose husband is tangled in an affair with a 'naive' younger woman.
Questions: Lena said: 'What is motherhood going to look like for me? What are my feelings about what motherhood’s supposed to look like versus what motherhood actually looks like?'
According to the official synopsis for Sharp Stick, the film follows 'a naïve 26-year-old' named Sarah Jo (played by The Society's Kristine Froseth) who 'longs to be seen' as she lives life 'on the fringes of Hollywood with her mother and sister.'
Sarah Jo's world is turned upside down 'when she begins an affair with her older employer' Josh (played by The Walking Dead's Jon Bernthal).
Lena previously said to Vogue, that her decision to have a hysterectomy came after 'years of complex surgeries measuring in the double digits' and trying alternative treatments such as 'pelvic floor therapy, massage therapy, pain therapy, colour therapy, acupuncture and yoga'.
Sharp Stick: The film follows 'a naïve 26-year-old' named Sarah Jo (played by The Society's Kristine Froseth) who 'longs to be seen' as she lives life 'on the fringes of Hollywood
Doctors discovered she had other medical issues that were causing her pain during the procedure.
'In addition to endometrial disease, an odd hump-like protrusion and a septum running down the middle, I have retrograde bleeding, a.k.a. my period running in reverse so that my stomach is full of blood,' she wrote.
'My ovary has settled in on the muscles around the sacral nerves in my back that allow us to walk. Let's please not even talk about my uterine lining. The only beautiful detail is that the organ — which is meant to be shaped like a light bulb — was shaped like a heart.'
Earlier this year in an interview with The Hollywood Reporter, the actress opened up about her desire to have a child within the next two years, being body shamed by women, and plans for a Girls reboot.
Couple: The star, who married musician Luis Felber in 2021, continued: 'I'm firmly in that moment in my life where there are babies, babies everywhere' (pictured together last month)
'I'll be 36 this year,' she told the publication. 'I don't feel like turning 38 without a child.'
She had her uterus, cervix, and an ovary removed but attempted IVF after learning her 'one remaining ovary was still producing eggs,' she previously recalled in a piece for Harper's Magazine.
The bid ended up being unsuccessful as none of the eggs ended up being viable.
'There is a lot you can correct in life—you can end a relationship, get sober, get serious, say sorry—but you can’t force the universe to give you a baby that your body has told you all along was an impossibility,' she said in the Harper's article.
Tough: Lena previously said to Vogue , that her decision to have a hysterectomy came after 'years of complex surgeries measuring in the double digits' | https://www.dailymail.co.uk/tvshowbiz/article-11076617/Lena-Dunham-36-questions-motherhood-look-like-undergoing-hysterectomy.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-03T12:28:59Z | https://www.dailymail.co.uk/tvshowbiz/article-11076617/Lena-Dunham-36-questions-motherhood-look-like-undergoing-hysterectomy.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false | 2 |
WILMINGTON, Mass. (AP) _ Charles River Laboratories International Inc. (CRL) on Wednesday reported second-quarter profit of $109.3 million.
The Wilmington, Massachusetts-based company said it had net income of $2.13 per share. Earnings, adjusted for non-recurring costs, were $2.77 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.74 per share.
The medical research equipment and services provider posted revenue of $973.1 million in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $998.5 million.
Charles River expects full-year earnings in the range of $10.70 to $10.95 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRL at https://www.zacks.com/ap/CRL | https://www.trumbulltimes.com/business/article/Charles-River-Q2-Earnings-Snapshot-17347775.php | 2022-08-03T12:30:27Z | https://www.trumbulltimes.com/business/article/Charles-River-Q2-Earnings-Snapshot-17347775.php | true | null |
Chemours (NYSE:CC – Get Rating) had its price objective increased by stock analysts at Citigroup from $32.00 to $36.00 in a research note issued on Wednesday, The Fly reports. Citigroup’s price target points to a potential upside of 3.54% from the stock’s current price.
A number of other equities research analysts have also recently commented on CC. UBS Group lifted their price objective on Chemours from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, July 29th. Bank of America cut Chemours from a “buy” rating to a “neutral” rating and decreased their target price for the company from $48.00 to $44.00 in a research note on Tuesday, June 14th. Barclays boosted their target price on Chemours from $37.00 to $46.00 in a research note on Monday, May 9th. StockNews.com raised Chemours from a “buy” rating to a “strong-buy” rating in a research note on Friday, July 29th. Finally, Royal Bank of Canada reissued a “maintains” rating on shares of Chemours in a research note on Monday. Three research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $39.00.
Chemours Trading Down 1.0 %
CC stock opened at $34.77 on Wednesday. The company has a market cap of $5.41 billion, a P/E ratio of 6.49, a PEG ratio of 0.48 and a beta of 1.82. Chemours has a twelve month low of $22.56 and a twelve month high of $44.95. The company has a quick ratio of 1.27, a current ratio of 1.91 and a debt-to-equity ratio of 3.01. The business has a fifty day moving average of $35.42 and a 200-day moving average of $33.72.
Insider Activity
In other news, insider Edwin C. Sparks sold 22,142 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $43.59, for a total value of $965,169.78. Following the transaction, the insider now owns 101,038 shares of the company’s stock, valued at $4,404,246.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Edwin C. Sparks sold 22,142 shares of the stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $43.59, for a total transaction of $965,169.78. Following the sale, the insider now owns 101,038 shares of the company’s stock, valued at $4,404,246.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Alvenia Scarborough sold 7,249 shares of the firm’s stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $40.42, for a total value of $293,004.58. Following the completion of the sale, the senior vice president now directly owns 12,322 shares in the company, valued at approximately $498,055.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 296,280 shares of company stock valued at $11,989,133. 3.04% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of CC. BlackRock Inc. raised its position in shares of Chemours by 29.0% in the 1st quarter. BlackRock Inc. now owns 18,075,740 shares of the specialty chemicals company’s stock worth $569,023,000 after acquiring an additional 4,060,250 shares in the last quarter. Millennium Management LLC raised its position in shares of Chemours by 315.7% in the 4th quarter. Millennium Management LLC now owns 2,287,108 shares of the specialty chemicals company’s stock worth $76,755,000 after acquiring an additional 1,736,888 shares in the last quarter. First Trust Advisors LP raised its position in shares of Chemours by 214.1% in the 1st quarter. First Trust Advisors LP now owns 1,314,288 shares of the specialty chemicals company’s stock worth $41,374,000 after acquiring an additional 895,847 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Chemours in the 1st quarter worth about $19,175,000. Finally, Geode Capital Management LLC raised its position in shares of Chemours by 26.8% in the 4th quarter. Geode Capital Management LLC now owns 2,781,603 shares of the specialty chemicals company’s stock worth $93,350,000 after acquiring an additional 588,765 shares in the last quarter. 76.38% of the stock is currently owned by institutional investors.
About Chemours
The Chemours Company provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. It operates through four segments: Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials, and Chemical Solutions. The Titanium Technologies segment provides TiO2 pigment under the Ti-Pure and BaiMax brands for delivering whiteness, brightness, opacity, and protection in various of applications, such as architectural and industrial coatings, flexible and rigid plastic packaging, polyvinylchloride, laminate papers used for furniture and building materials, coated paper, and coated paperboard used for packaging.
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Receive News & Ratings for Chemours Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chemours and related companies with MarketBeat.com's FREE daily email newsletter. | https://www.wkrb13.com/2022/08/03/citigroup-boosts-chemours-nysecc-price-target-to-36-00.html | 2022-08-03T12:31:07Z | https://www.wkrb13.com/2022/08/03/citigroup-boosts-chemours-nysecc-price-target-to-36-00.html | true | 1 |
The Hunga Tonga-Hunga-Ha’apai volcano erupted on January 15 sending a tsunami racing across the world and letting off a sonic boom that circled the Earth twice. But along with that, the underwater volcano eruption also sent up a massive plume of water vapour into the Earth’s stratosphere. Enough water to fill 58,000 Olympic-sized swimming pools has been sent into the stratosphere, meaning that it could temporarily warm up the planet’s surface.
An atmospheric scientist from NASA’s Jet Propulsion Laboratory in Southern California led a new study that examines the amount of water vapour that the volcano ejected into the stratosphere (the atmospheric layer between 12 and 53 kilometres) above Earth’s surface.
The study published in Geophysical Research Letters estimates that the eruption sent around 146 teragrams (trillion grams) of water vapour into the stratosphere, which is an amount equal to about 10 per cent of the water already present there. The team analysed the data from the Microwave Limb Sounder (MLS) instrument on NASA’s Aura satellite to measure atmosphere gases including water vapour and ozone.
After the eruption, the MLS detected water vapour readings that were “off the charts.” But this event is an anomaly since volcanic eruptions rarely inject so much water into the stratosphere. Only two other eruptions have sent appreciable amounts of water vapour to such altitudes since NASA started taking measurements in the last eighteen years: the 2008 Kasatochi event in Alaska and the 2015 Calbuco eruption in Chile. But the water vapour from those eruptions dissipated quickly whereas the excess water vapour injected by the Tonga eruption could remain in the stratosphere for several years.
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This extra water vapour that is the result of the eruption could influence atmospheric chemistry by boosting certain chemical reactions that could temporarily worsen the depletion of the ozone layer. The vapour could also change surface temperatures. Typically, volcanic eruptions cool Earth’s surface by ejecting gases, dust and ash that reflect sunlight back into space.
However, the Tonga eruption instead injected water vapour into the atmosphere, which is a strong greenhouse gas that traps heat. This means that the water vapour in the stratosphere could temporarily heat up the Earth’s surface. But this effect would dissipate when the extra water vapour cycles out of the stratosphere and wouldn’t noticeably exacerbate climate change effects, according to the study.
- The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards. | https://indianexpress.com/article/technology/science/water-vapour-sent-into-stratosphere-by-tonga-eruption-could-temporarily-heat-up-earth-8068263/ | 2022-08-03T12:31:31Z | https://indianexpress.com/article/technology/science/water-vapour-sent-into-stratosphere-by-tonga-eruption-could-temporarily-heat-up-earth-8068263/ | false | 1 |
Video: Supplied
Durban - The community of Mbongolwane in Eshowe in northern KwaZulu-Natal is pressing ahead with their fight to force their traditional leader, Inkosi Sithembiso Ntuli, to scrap a new land lease agreement with sugar-cane farming giant company, Tongaat Hulett.
On Wednesday, a group of community members, young and old, marched to the offices of the Ntuli traditional council in Mbongolwane to present their 11 demands which they want to be addressed promptly.
The march followed a meeting on Tuesday where it was resolved that the Inkosi must be held accountable over the lease.
The bone of contention, according to a community member, Sifiso Ntuli, is a land lease that was signed in 2012.
WATCH: Members of the community of Oyaya in Eshowe under Inkosi Sithembiso Ntuli marching to deliver a petition calling for the scrapping of a new land lease agreement with Tongaat Hullet. Tongaat Hullet says everything was above board. @IOL pic.twitter.com/WDLim8ZHoe
— Sihle Mavuso (@ZANewsFlash) August 3, 2022
The lease stipulated that about 300 local farmers should surrender some of their fields for Tongaat Hulett to undertake the sugar-cane farming project in the area. The first lease was signed in 2012 and expired on Monday (August 1, 2022) after its decade-long lifespan came to an end.
However, Ntuli claimed they have learnt that Tongaat Hulett had signed a new lease which will expire in 2030, and Inkosi Ntuli and some members were behind it. It was then resolved that they should march to demand answers.
“Now we have learnt that they have signed another lease, which will run until 2030. We have learnt that they signed it with some co-operative and our Inkosi. Attempts to get clarification from our Inkosi have failed as we are not entertained when we seek answers,” Ntuli said.
On Wednesday 11 demands were handed over to the offices of the traditional council of the Inkosi and his inner council.
The community members handed the demands under the banner of the Mbongolwane Agricultural Co-operative. Among their demands is that the Tongaat Hulett lease be set aside and that the Inkosi must meet with them within 14 days to discuss ways as to how to utilise their land profitably.
“The Inkosi must understand that the 10-year lease agreement is over, and we don’t want to enter into a new lease because the previous one used to benefit white people while we were getting a pittance for leasing our land.
“Inkosi must know that now we have both land and sugar cane, so we can’t continue with the deal where we were getting 10% (of the profit) for leasing our land,” read demand number 5 of the 11 demands.
Furthermore, in one of the demands, the community asked the KwaZulu-Natal Department of Co-operative Governance and Traditional Affairs under Sipho Hlomuka to intervene so that the new lease agreement with Tongaat Hulett is reviewed and set aside.
On Tuesday, Johann van Rooyen, Tongaat Hulett’s company secretary, told IOL that the lease was above board.
“Tongaat Hulett is aware of a matter brought forward by a group of individuals claiming to represent the Manyazini Co-op. The company is of the view that the contestation of leadership positions is an internal matter within the Co-op.
“Having said that, Tongaat Hulett has satisfied itself that the current lease entered into between the company and the Co-op was signed by legitimate individuals duly authorised by the entity involved,” he said in a written response.
Inkosi Ntuli insisted that the lease was above board as it was signed by all chairpersons of the farmers’ co-operatives.
“Someone is just abusing these people to march to achieve his selfish ends without telling the truth. Everything regarding this new lease was done accordingly and they also know that,” Inkosi Ntuli said on Wednesday.
Current Affairs | https://www.iol.co.za/news/south-africa/kwazulu-natal/watch-kzn-community-up-the-ante-in-their-fight-with-tongaat-hulett-present-11-demands-bc53be57-819d-4236-83fe-2e2830b999fb | 2022-08-03T12:35:41Z | https://www.iol.co.za/news/south-africa/kwazulu-natal/watch-kzn-community-up-the-ante-in-their-fight-with-tongaat-hulett-present-11-demands-bc53be57-819d-4236-83fe-2e2830b999fb | true | 1 |
Archbishop Bergan Catholic Schools has hired three new staff members for the 2022-2023 school year.
Staffers include one who will oversee STEM curriculum and two science teachers.
The new staffers are:
Brett Meyer
Brett Meyer is the learning enhancement interventionist for Bergan Elementary and Bergan Middle and High school.
In a prepared statement, the school said it will receive a sizable amount of funding through the Emergency Aid to Non Public Schools Grants.
These grants were created by the federal government to help schools recover learning loss from the pandemic.
Bergan has aimed these funds at hiring a learning enhancement interventionist and a learning enhancement para educator for the next two school years.
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In his role, Meyer will oversee development of engaging classroom projects with each teacher in grades K-12.
Meyer also will oversee Project Lead the Way Science Technology Engineering and Math (STEM) curriculum. He will assist with technology initiatives and troubleshooting.
For the last five years, Meyer has served as the STEM education and community outreach coordinator for Trinity Lutheran School in Fremont.
While at Trinity, Meyer formed the Trinity/Bergan STEM Club, which was an afterschool program that served both schools.
Before Trinity, Brett worked at University of Nebraska-Omaha, Creighton University and Midland University.
He and his wife, Casey, have three children Sydney, Logan and Blake.
“We are truly blessed to have the opportunity for Brett Meyer to work with our teachers and students on classroom learning and engagement at Bergan,” said Dan Koenig, principal. “Brett’s unique background in student engagement and instructional technology will bring an expert into our school that will continue to ignite a passion in our students for learning.”
Katlin Vampola
Katlin Vampola will teach fifth and sixth grade science and theology.
Vampola is a recent graduate of Midland University and a St. Patrick Catholic Church parishioner.
Last semester, Vampola finished her student teaching experience at Bergan elementary with first grade teacher Patti Bowman.
Vampola has had practicum and teaching experiences in numerous area schools, spending time in Douglas County West, Blair and Fremont public schools.
She and her husband, Joe, have a daughter, Grace.
“We are excited to welcome Mrs. Katlin Vampola as our new fifth and sixth grade teacher,” said Dan Koenig, principal. “Katlin’s passion for her faith as well as her desire to make a difference at Bergan Elementary is very evident. She made an impact on our students during her student teaching experience and we are ready to see her carry that over to her fifth and sixth grade students this year.”
Koenig said he believes Vampola will be a great advocate for our students in the classroom.
Deb Erpelding
Deb Erpelding is a new science teacher for grades 7-12.
She will teach middle school science along with high school chemistry, physics and earth science.
Erpelding previously taught at Fremont High School after a lengthy career in corporate industry as an engineer.
Koenig is pleased to find a teacher with Deb’s experiences.
“We at Archbishop Bergan Catholic are excited to announce the hiring of Mrs. Deb Erpelding,” Koenig said. “Deb brings an energetic personality, experiences of using science and engineering in her previous vocation, and a work ethic that will serve Bergan middle and high school students well.”
Erpelding and her husband, Mike, live in North Bend.
In addition, Steven Faulkner has been appointed to serve as the physical education teacher for the 2022-2023 school year.
Faulkner previously taught physical education at Ferris Independent School District in Texas along with Skinner Magnet and Monroe Middle School in the Omaha Public Schools system. Faulkner and his wife, Ericka, live in Elkhorn with their four children Brayden, Emma, Noah and Harper.
Wyatt Morse, Bergan’s the physical education teacher for grades kindergarten through six, has accepted a position with the Nebraska Department of Education as a physical and health education specialist in the teaching, learning and assessment department.
Bergan elementary will have a physical teaching opening for the 2023-2024 school year.
Koenig appreciates Faulkner filling the role until that time.
“In our time of need, we were blessed to have a qualified physical education teacher ready to fill in on a moment’s notice,” Koenig said. “Mr. Steven Faulkner is no stranger to Bergan classrooms and activities and our students will be happy to see a familiar face in the elementary gym.” | https://fremonttribune.com/news/local/education/bergan-announces-new-staff-members/article_a4a45ea6-d403-512a-a0db-e1dfa627278c.html | 2022-08-03T12:36:06Z | https://fremonttribune.com/news/local/education/bergan-announces-new-staff-members/article_a4a45ea6-d403-512a-a0db-e1dfa627278c.html | false | 1 |
Indian Navy Agniveer SSR, MR registrations end, nearly 10 lakh applications received
Indian Navy Agniveer SSR, MR registrations have been completed on the official website - joinindiannavy.gov.in. Till now, nearly 10 lakh applications have been received for Indian Navy Agnipath Recruitment. Out of these, a good number of women have also applied. Complete report here.
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#IndianNavy SSR & MR registration process towards #AgnipathRecruitmentScheme has been completed. 9.55 lakh… t.co/D1DDdEx73B
— ANI (@ANI) Aug 3, 2022
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Sri Lanka facing ‘great danger’, IMF talks to restart: President
Ranil Wickremesinghe makes the remarks during his speech to open a new session of the parliament in the crisis-hit nation.
Sri Lanka will restart bailout talks with the International Monetary Fund (IMF) in August, its new president says, calling on the legislators to form an all-party government to resolve the country’s worst economic crisis in 70 years.
President Ranil Wickremesinghe made the remarks during his speech to open a new session of the parliament on Wednesday.
Wickremesinghe has been leading talks with the IMF to secure a four-year bailout programme that could provide up to $3bn. He told parliament the negotiations were progressing but did not provide a timeline for when a deal would be finalised.
The 73-year-old, who was propelled to power last month after his predecessor Gotabaya Rajapaksa was forced to flee the country and resign after months of protests, said the financial meltdown had turned into a serious political crisis.
“Today we are facing an unprecedented situation that our country had never faced in recent history,” he said. “We are in great danger.”
Wickremesinghe said constitutional amendments were required to curtail presidential powers – indicating he would meet a key demand of protesters who forced out Rajapaksa.
“The president of a country does not have to be a king or a god who is exalted above the people. He or she is one of the citizens,” he said.
The president said the only way to escape the crisis was “if we all face this challenge together as one people,” and asked all parties in parliament to join his initiative for a “unity government”.
He added that his government is preparing a national policy roadmap for the next 25 years that aims to cut public debt and turn the country into a competitive export economy.
“If we build the country, the nation and the economy through the national economic policy, we would be able to become a fully developed country by the year 2048, when we celebrate the 100th anniversary of independence,” Wickremesinghe said.
The island nation of 22 million people is facing its worst financial crisis since independence from Britain in 1948 with its foreign exchange reserves at record lows, and the economy battered by the COVID-19 pandemic and a steep fall in government revenue.
Angered by persistent shortages of essentials, including fuel and medicines, and sky-rocketing inflation of more than 60 percent year on year, hundreds of thousands of people took to the streets in early July, forcing Rajapaksa to first flee the country and then quit office.
Protesters blamed the Rajapaksas for years of mismanagement and corruption that bankrupted the nation and led to unprecedented shortages of essential imports such as fuel, medicine and cooking gas.
But many are still sceptical of Wickremesinghe and accuse him of trying to protect the former leader and his relatives.
His government cracked down on protests and many leaders of demonstrations have been arrested on charges of trespassing and damaging public property. Protest camps set up in front of the president’s office were dismantled by armed soldiers who beat up protesters.
However, Wickremesinghe on Wednesday denied that he was “hunting down” protesters. He said he will protect peaceful protesters and open an office to handle complaints of any wrongful action. | https://www.aljazeera.com/news/2022/8/3/sri-lanka-facing-great-danger-imf-talks-to-restart-president | 2022-08-03T12:42:46Z | https://www.aljazeera.com/news/2022/8/3/sri-lanka-facing-great-danger-imf-talks-to-restart-president | false | 2 |
PARIS (AP) — Paris’ regional authorities warned residents to be vigilant Wednesday, with temperatures soaring to 36 degrees Celsius (97 Fahrenheit). In a tweet, the Ile-de-France prefecture also asked residents to moderate their water consumption amid a “major dry spell.”
Elsewhere in France, some 27 departments have now been placed on “orange alert” with a heat wave spreading mainly to the east of mainland France. Temperatures are set to hit up to 40 C (104 F) in some places in the south. The heat will reach its peak Wednesday, and begin to decline Thursday.
This August heat wave episode should be shorter than that of July, according to the French weather agency. | https://www.wpri.com/news/us-and-world/frances-2nd-heat-wave-of-the-year-leaves-paris-sweltering/ | 2022-08-03T12:45:18Z | https://www.wpri.com/news/us-and-world/frances-2nd-heat-wave-of-the-year-leaves-paris-sweltering/ | true | null |
Makers of the popular Marathi television show, Tu Tevha Tashi, recently celebrated the occasion of Nag Panchami by throwing a fake birthday bash for actress Abhidnya Bhave.
Bhave plays the role of a vicious serpent, Pushpavalli, in the show, and the makers thought of surprising the actor on the holy festival of Nag Panchami on the sets.
The official account of Zee Marathi shared an adorable video of Bhave along with other cast and crew members. Later, Bhave also reshared the post on her official Instagram account.
The short clip shows the crew members of the Tu Tevha Tashi television show, arranging a birthday cake for Bhave with the words ‘Happy Birthday Naagin’ written on it. Soon after, one of the team members escorts the actor, covering her eyes while the others record the incident.
Bhave, unaware of the surprise awaiting her seemed both confused and happy once she opened her eyes. Upon seeing the cake, presented before her, she burst into a smile, looking stunned as the cast and crew sang a happy birthday song for her.
The Marathi actress, along with the other group members, enacted the signature Nagin dance move with their hands before Bhave cut the cake and distributed it among themselves. By the end of the video, when she was asked to take up her role of Pushvalli, Bhave hissed like a deadly serpent as she shared a laugh with the crew members and cast of the show.
Tu Tevha Tashi is a Marathi romantic show which hoards a huge fan following, having an IMDb rating of 8.1 out of 10. Bhave as a serpent is especially loved by audiences for her spectacular acting. To honour the actor, the makers of the show decided to praise Bhave by bringing the cake and celebrating Nag Panchami.
For the unversed, Abhidnya Bhave has attained a name for herself in the Marathi television industry with some remarkable shows to her name like Tula Pahate Re, Khulta Kali Khulena, Love You Zindagi, and Rang Maza Vegla. She often shares glimpses of her pictures and shoots on social media, updating fans about her upcoming projects.
Read all the Latest News and Breaking News here | https://www.news18.com/amp/news/movies/marathi-tv-abhidnya-bhaves-birthday-on-nag-panchami-but-theres-a-catch-5681365.html | 2022-08-03T12:47:22Z | https://www.news18.com/amp/news/movies/marathi-tv-abhidnya-bhaves-birthday-on-nag-panchami-but-theres-a-catch-5681365.html | true | 2 |
Quadrant Capital Group LLC increased its stake in Aon plc (NYSE:AON – Get Rating) by 2.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,942 shares of the financial services provider’s stock after purchasing an additional 44 shares during the quarter. Quadrant Capital Group LLC’s holdings in AON were worth $632,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AON. Allspring Global Investments Holdings LLC bought a new stake in shares of AON during the fourth quarter valued at approximately $8,792,000. NewEdge Wealth LLC bought a new stake in AON in the fourth quarter valued at about $270,000. Riverwater Partners LLC bought a new stake in shares of AON in the fourth quarter worth about $201,000. CWM LLC bought a new position in shares of AON during the fourth quarter worth about $2,268,000. Finally, Ieq Capital LLC boosted its position in AON by 5.9% during the fourth quarter. Ieq Capital LLC now owns 4,961 shares of the financial services provider’s stock valued at $1,491,000 after purchasing an additional 276 shares during the last quarter. 85.01% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, General Counsel Darren Zeidel sold 111 shares of the business’s stock in a transaction that occurred on Thursday, July 28th. The stock was sold at an average price of $290.00, for a total transaction of $32,190.00. Following the sale, the general counsel now directly owns 15,129 shares in the company, valued at $4,387,410. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other AON news, Director Lester B. Knight acquired 14,000 shares of the business’s stock in a transaction dated Thursday, May 5th. The stock was bought at an average cost of $286.58 per share, with a total value of $4,012,120.00. Following the completion of the transaction, the director now directly owns 109,000 shares in the company, valued at approximately $31,237,220. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Darren Zeidel sold 111 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $290.00, for a total value of $32,190.00. Following the transaction, the general counsel now owns 15,129 shares in the company, valued at approximately $4,387,410. The disclosure for this sale can be found here. Corporate insiders own 0.99% of the company’s stock.
Analyst Upgrades and Downgrades
AON Trading Down 0.0 %
Shares of AON stock opened at $280.26 on Wednesday. The firm’s 50-day simple moving average is $270.49 and its 200-day simple moving average is $287.43. The firm has a market cap of $59.12 billion, a P/E ratio of 40.21 and a beta of 0.90. Aon plc has a 1-year low of $246.21 and a 1-year high of $341.98. The company has a debt-to-equity ratio of 12.27, a current ratio of 1.88 and a quick ratio of 2.01.
AON (NYSE:AON – Get Rating) last announced its quarterly earnings data on Friday, July 29th. The financial services provider reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.57 by $0.06. The firm had revenue of $2.98 billion for the quarter, compared to analysts’ expectations of $3.01 billion. AON had a return on equity of 204.19% and a net margin of 11.96%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the business posted $2.29 earnings per share. As a group, equities analysts forecast that Aon plc will post 13.19 EPS for the current year.
AON Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Investors of record on Monday, August 1st will be issued a $0.56 dividend. The ex-dividend date is Friday, July 29th. This represents a $2.24 annualized dividend and a yield of 0.80%. AON’s dividend payout ratio (DPR) is currently 32.14%.
AON Profile
Aon plc, a professional services firm, provides advice and solutions to clients focused on risk, retirement, and health worldwide. It offers commercial risk solutions, including retail brokerage, cyber, and global risk consulting solutions, as well as acts as a captives management; and health solutions, such as health and benefits brokerages, and health care exchanges.
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Want to see what other hedge funds are holding AON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aon plc (NYSE:AON – Get Rating).
Receive News & Ratings for AON Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AON and related companies with MarketBeat.com's FREE daily email newsletter. | https://www.themarketsdaily.com/2022/08/03/quadrant-capital-group-llc-has-632000-stake-in-aon-plc-nyseaon.html | 2022-08-03T12:47:33Z | https://www.themarketsdaily.com/2022/08/03/quadrant-capital-group-llc-has-632000-stake-in-aon-plc-nyseaon.html | true | 5 |
bZx Protocol (BZRX) traded 1.5% higher against the US dollar during the 1-day period ending at 8:00 AM Eastern on August 3rd. One bZx Protocol coin can now be purchased for approximately $0.0543 or 0.00000231 BTC on major exchanges. bZx Protocol has a total market capitalization of $27.59 million and $30.00 worth of bZx Protocol was traded on exchanges in the last day. Over the last seven days, bZx Protocol has traded 1.3% higher against the US dollar.
Here’s how similar cryptocurrencies have performed over the last day:
- BITCOIN ADDITIONAL (BTCA) traded up 2.5% against the dollar and now trades at $23,447.09 or 1.00000000 BTC.
- Binance USD (BUSD) traded down 0% against the dollar and now trades at $1.00 or 0.00004265 BTC.
- Crypto.com Coin (CRO) traded 5% higher against the dollar and now trades at $0.41 or 0.00001075 BTC.
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bZx Protocol Coin Profile
bZx Protocol (CRYPTO:BZRX) is a coin. It was first traded on February 4th, 2019. bZx Protocol’s total supply is 1,030,000,000 coins and its circulating supply is 508,391,972 coins. The official website for bZx Protocol is bzx.network. bZx Protocol’s official Twitter account is @b0xNet and its Facebook page is accessible here.
Buying and Selling bZx Protocol
It is usually not possible to purchase alternative cryptocurrencies such as bZx Protocol directly using US dollars. Investors seeking to trade bZx Protocol should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase bZx Protocol using one of the aforementioned exchanges.
Receive News & Updates for bZx Protocol Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for bZx Protocol and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter. | https://www.wkrb13.com/2022/08/03/bzx-protocol-trading-1-3-higher-over-last-week-bzrx.html | 2022-08-03T12:49:31Z | https://www.wkrb13.com/2022/08/03/bzx-protocol-trading-1-3-higher-over-last-week-bzrx.html | true | 83781 |
Pelosi's trip to Taiwan heightens U.S.-China tensions. Kansas voters reject a ballot initiative that would have allowed lawmakers to restrict abortion rights. Five states held primaries on Tuesday.
Copyright 2022 NPR
Pelosi's trip to Taiwan heightens U.S.-China tensions. Kansas voters reject a ballot initiative that would have allowed lawmakers to restrict abortion rights. Five states held primaries on Tuesday.
Copyright 2022 NPR | https://www.tpr.org/2022-08-03/news-brief-pelosis-taiwan-trip-kansas-keeps-abortion-legal-key-primary-results | 2022-08-03T12:51:10Z | https://www.tpr.org/2022-08-03/news-brief-pelosis-taiwan-trip-kansas-keeps-abortion-legal-key-primary-results | false | null |
Leveraging Poseida's novel approach to cell therapy and Roche's expertise in developing and commercializing therapies to transform cancer care, the collaboration is focused on advancing multiple existing and additional next generation allogeneic CAR-T programs directed to hematologic malignancies
Poseida will receive $110 million upfront, could receive up to $110 million in near-term milestones and other payments, and is eligible for future development and commercial milestones and tiered royalty payments
Poseida to host a brief conference call today at 8:30 a.m. ET
SAN DIEGO, Aug. 3, 2022 /PRNewswire/ -- Poseida Therapeutics, Inc. (Nasdaq: PSTX), a clinical-stage biopharmaceutical company utilizing proprietary genetic engineering platform technologies to create cell and gene therapeutics with the capacity to cure, today announced it has entered into a broad strategic collaboration and license agreement with Roche, focused on developing allogeneic CAR-T therapies directed to hematologic malignancies. The global collaboration covers the research and development of multiple existing and novel "off-the-shelf" cell therapies against targets in multiple myeloma, B-cell lymphomas and other hematologic indications.
"We are excited to partner and collaborate with Roche, one of the world's largest biotechnology companies, which has a successful track record in the discovery, development and commercialization of innovative medicines," said Mark Gergen, Chief Executive Officer of Poseida. "Roche is an ideal strategic partner for Poseida with its industry-leading R&D capabilities in oncology, complementary technologies and expertise, and global regulatory and commercial capabilities. Working together, we look forward to advancing novel allogeneic cell therapies based upon Poseida's technologies for patients battling cancer."
Under the agreement, Roche will receive from Poseida either exclusive rights or options to develop and commercialize a number of allogeneic CAR-T programs in Poseida's portfolio that are directed to hematologic malignancies, including P-BCMA-ALLO1, an allogeneic CAR-T for the treatment of multiple myeloma and for which a Phase 1 study is underway, and P-CD19CD20-ALLO1, an allogeneic dual CAR-T for the treatment of B-cell malignancies with an IND expected in 2023. Building on complementary expertise and capabilities, the parties will also collaborate in a research program to create and develop next-generation features and improvements for allogeneic CAR-T therapies, from which they would jointly develop additional allogeneic CAR-T product candidates directed to existing and new hematologic targets. For a subset of both the Poseida portfolio programs licensed or optioned to Roche and the parties' future collaboration programs, Poseida will conduct the Phase 1 studies and manufacture clinical materials before transitioning the programs to Roche for further development and commercialization. Roche will be solely responsible for the late-stage clinical development and global commercialization of all products that are subject to the collaboration.
"We are excited to partner with Poseida to further explore the potential of allogeneic cell therapies to transform cancer care by developing off-the-shelf products that can address high unmet medical needs for a broad patient population," said James Sabry, Global Head of Pharma Partnering at Roche. "Poseida's differentiated platform technologies complement our ongoing internal efforts and partnerships to discover and develop cell therapies as a next generation of medicines for patients."
Under the agreement, Poseida will receive $110 million upfront and could receive up to $110 million in near-term milestones and other payments in the next several years. In addition, Poseida is eligible to receive research, development, launch, and net sales milestones and other payments potentially up to $6 billion in aggregate value, as well as tiered net sales royalties into the low double digits, across multiple programs.
"We are thrilled that Roche has embraced the opportunity to partner with us and use Poseida's unique allogeneic approach to develop CAR-T product candidates," said Devon J. Shedlock, Ph.D., Chief Scientific Officer, Cell Therapy at Poseida. "Using our proprietary technologies and manufacturing process including our booster molecule, we have the potential to develop and manufacture a product with high levels of stem cell memory T cells, which are correlated with potent antitumor efficacy in the clinic, at a scale that can potentially reach more patients and enable broad commercial use."
The effectiveness of the agreement is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act (HSR Act).
Poseida Therapeutics Conference Call and Webcast Information
Wednesday, August 3, 2022 at 8:30 a.m. ET
Poseida's management team will host a conference call and webcast today at 8:30 a.m. ET to discuss the collaboration and Poseida's novel approach to allogeneic cell therapy. The dial-in numbers for domestic and international callers are 800-267-6316 and 203-518-9814, respectively. The conference ID number for the call is PSTX0803.
Participants may access the live webcast on the Investors & Media Section of the Poseida website, www.poseida.com. An archived replay of the webcast will be available for approximately 30 days following the event.
Poseida Therapeutics is a clinical-stage biopharmaceutical company dedicated to utilizing our proprietary genetic engineering platform technologies to create next generation cell and gene therapeutics with the capacity to cure. We have discovered and are developing a broad portfolio of product candidates in a variety of indications based on our core proprietary platforms, including our non-viral piggyBac® DNA Delivery System, Cas-CLOVER™ Site-specific Gene Editing System and nanoparticle- and AAV-based gene delivery technologies. Our core platform technologies have utility, either alone or in combination, across many cell and gene therapeutic modalities and enable us to engineer our portfolio of product candidates that are designed to overcome the primary limitations of current generation cell and gene therapeutics. To learn more, visit www.poseida.com and connect with us on Twitter and LinkedIn.
Statements contained in this press release regarding matters that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements regarding, among other things, the upfront payment and other potential fees, milestone and royalty payments and development activities under the collaboration agreement, the potential benefits of Poseida's technology platforms and product candidates, the clearance of the collaboration agreement under the HSR Act, Poseida's plans and strategy with respect to developing its technologies and product candidates, and anticipated timelines and milestones with respect to Poseida's development programs and manufacturing activities. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon Poseida's current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the fact that the collaboration agreement may not become effective based on HSR Act clearance, or the effectiveness may be substantially delayed, or may be terminated early, the fact that the Company will have limited control over the efforts and resources that Roche devotes to advancing development programs under the collaboration agreement and Poseida may not receive the potential fees and payments under the collaboration agreement or fully realize the benefits of the collaboration, risks and uncertainties associated with development and regulatory approval of novel product candidates in the biopharmaceutical industry, the fact that future preclinical and clinical results could be inconsistent with results observed to date, and the other risks described in Poseida's filings with the Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made. Poseida undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as required by law.
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SOURCE Poseida Therapeutics, Inc. | https://www.blackhillsfox.com/prnewswire/2022/08/03/poseida-therapeutics-announces-strategic-global-collaboration-with-roche-focused-allogeneic-car-t-cell-therapies-hematologic-malignancies/ | 2022-08-03T12:51:47Z | https://www.blackhillsfox.com/prnewswire/2022/08/03/poseida-therapeutics-announces-strategic-global-collaboration-with-roche-focused-allogeneic-car-t-cell-therapies-hematologic-malignancies/ | false | 11 |
SAN DIEGO, Aug. 3, 2022 /PRNewswire/ -- Evofem Biosciences, Inc., (Nasdaq: EVFM) today announced the appointment of Jenny Yip, a Managing Partner at life sciences investment fund Adjuvant Capital, to its Board of Directors. The appointment of Ms. Yip as a director expands the Board from five to six independent directors.
"Now more than ever, this is the time to align and support organizations like Evofem with a sustainable future, which are dedicated to improving the lives of women. Evofem invested in a large, undervalued market opportunity with the first innovation in contraception in decades," said Jenny Yip. "I look forward to working with Evofem's Board and leadership team to deliver on the vast potential of Phexxi's current and potential new indications, with a focus on increasing access for all women worldwide and protecting and building shareholder value."
In October 2020, Adjuvant Capital made a $25 million strategic investment to fund Evofem's registrational Phase 3 clinical trial EVOGUARD evaluating Phexxi® (lactic acid, citric acid and potassium bitartrate) for two potential new indications - the prevention of chlamydia and gonorrhea in women. Top-line study results are expected this fall. The Adjuvant investment also provided funding to expand global market access for Phexxi and thus far, regulatory dossiers have been submitted in Ghana, Ethiopia, Mexico and Nigeria. This marks the largest single investment Adjuvant has made to date and cornerstones their investment in women's health.
"Jenny Yip is a savvy investor and an advocate for women's health across the world's socio-economic spectrum. She understands the extraordinary untapped potential that exists for a hormone free birth control option, especially as many women begin to have their choices stripped from them," said Saundra Pelletier, Chief Executive Officer of Evofem Biosciences. "Women WILL do whatever it takes to protect themselves and, in times of crisis, we gravitate towards safe, effective options, like Phexxi. Even the naysayers cannot deny the safety profile of a product that has no systemic activity in the body and does not alter the natural function of the ovaries."
Ms. Yip has twenty years' experience in venture capital and finance. In her role at Adjuvant Capital, she oversees several of the firm's investments with a significant focus on women's health. Previously, Ms. Yip was a Partner at the Bill and Melinda Gates Foundation Strategic Investment Fund. At the Gates Foundation, Ms. Yip led a number of investments and worked with a wide range of stakeholders across health and education to forward the Gates Foundation's strategic priorities. Ms. Yip graduated magna cum laude from Harvard University with an AB in History of Science and resides in San Francisco, California with her husband and two young children.
About Evofem Biosciences
Evofem Biosciences, Inc., (Nasdaq: EVFM) is developing and commercializing innovative products to address unmet needs in women's sexual and reproductive health, including hormone-free, woman-controlled contraception and protection from chlamydia and gonorrhea. The Company's first FDA-approved product, Phexxi® (lactic acid, citric acid and potassium bitartrate), is a hormone-free, on-demand prescription contraceptive vaginal gel. It comes in a box of 12 pre-filled applicators and is applied 0-60 minutes before each act of sex. Learn more at phexxi.com and evofem.com.
Phexxi® is a registered trademark of Evofem Biosciences, Inc.
Forward-Looking Statements
This press release includes "forward-looking statements," within the meaning of the safe harbor for forward-looking statements provided by Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995 including, without limitation, evaluations and judgments regarding Evofem, its products, its product candidates and their development, its management teams, and potential shareholder value. Various factors could cause actual results to differ materially from those discussed or implied in the forward-looking statements, and you are cautioned not to place undue reliance on these forward-looking statements, which are current only as of the date of this press release. Each of these forward- looking statements involves risks and uncertainties. Important factors that could cause actual results to differ materially from those discussed or implied in the forward-looking statements, or that could impair the value of Evofem Biosciences' assets and business are disclosed in the Company's SEC filings, including its Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on March 10, 2022 and its Quarterly Report on Form 10-Q filed with the SEC on May 10, 2022. All forward-looking statements are expressly qualified in their entirety by such factors. The Company does not undertake any duty to update any forward-looking statement except as required by law.
Investor Relations Contact
Amy Raskopf
araskopf@evofem.com
Mobile: (917) 673-5775
Media Contact
media@evofem.com
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SOURCE Evofem Biosciences, Inc. | https://www.ksla.com/prnewswire/2022/08/03/evofem-biosciences-strengthens-board-directors/ | 2022-08-03T12:55:32Z | https://www.ksla.com/prnewswire/2022/08/03/evofem-biosciences-strengthens-board-directors/ | true | 11 |
TORONTO, Aug. 3, 2022 /PRNewswire/ - Braxia Scientific Corp. ("Braxia", or the "Company"), (CSE: BRAX) (OTC: BRAXF) (FSE: 4960), a leader in the treatment and research of mental health conditions, is pleased to announce it has acquired 100% of the issued and outstanding stock of KetaMD, Inc. ("KetaMD") (the "Transaction"). KetaMD is a U.S. based, privately-held, innovative telemedicine company, with a mission to address mental health challenges via access to technology-facilitated ketamine-based treatments.
KetaMD's end-to-end telemedicine platform, utilizing leading technology, provides access to safe, affordable, and potentially life-changing at-home ketamine treatments for people suffering from depression and related mental health conditions. Treatments are medically supervised, guided virtually by registered nurses with mental health expertise, and backed by the world's leading psychiatrists and researchers in depression. KetaMD's integration of ketamine and telemedicine is guided by best practices and treatment guidance.
With the acquisition of KetaMD, Braxia provides a compelling and differentiated value proposition. KetaMD's innovative technology capabilities provides Braxia the opportunity to offer both patient-centric in-person and digital telehealth ketamine treatments, combined with established clinical research and development capabilities focused on the commercialization and real-world implementation of novel pharmaceuticals. Braxia plans to further augment tools and capabilities of the KetaMD platform, including planning new clinical trials in the U.S. and leveraging Braxia's growing proprietary patient dataset, with patient outcomes, to support potential future development of digital therapeutics in the management of depression and other related mental health conditions.
"Today marks a notable step forward in bringing awareness, accessibility and scalability of the benefits of ketamine and psychedelics generally for those suffering from depression and other mood disorders," says Dr. Roger McIntyre, CEO, Braxia Scientific. "We've seen improved outcomes firsthand from ketamine treatment in our clinics and in our clinical trials. Adding digital telehealth capabilities through KetaMD's highly anticipated online and mobile platform strengthens our position to lead the medical use of evidence-based psychedelics, while accelerating our ability to get treatment to those in need, safely and quickly across the U.S. and Canada, and globally in the future. I'm delighted the KetaMD leadership will be bringing their immeasurable talents as key leaders in the organization and as Braxia shareholders."
KetaMD is currently available in the State of Florida but a roll-out to other key states is planned in 2022.
KetaMD joins Braxia to create an important mental healthcare solution that will be easily accessible to people living with depression, many who often don't leave their homes. The highly scalable KetaMD platform will allow trained medical professionals to connect to more patients, addressing the urgent unmet need of millions suffering with mental health conditions, and the growing shortage of mental health specialists in the U.S. According to World Psychiatry journal, the U.S. was short 4 million mental health specialists at the end of 2020, with 115 million people lacking access to mental healthcare services, trained mental health specialists, physicians, and psychiatrists.
Braxia's acquisition of KetaMD addresses this access gap, enabling Braxia to reach more people in need by uniting in-person clinics with telemedicine for innovative, effective, and legal treatments.
KetaMD was founded by psychedelic pioneers Zappy Zapolin and Warren Gumpel, along with mindfulness instructor and brand experience expert Kaia Roman and the company's President and Chief Operating Officer, Leann Taylor. The team are dedicated to helping those suffering from debilitating mental health issues find relief through ketamine and other novel psychedelic medicines.
Zappy Zapolin, Co-Founder of KetaMD, commented, "Following the acquisition of KetaMD, Braxia is a well positioned vertically-integrated psychedelic medicine company. Combined, Braxia and KetaMD now have operations ranging from clinics to bioscience R&D to an at-home telemedicine platform, overseen by Dr. McIntyre, one of the foremost authorities in mood disorders and treatments."
Warren Gumpel, CEO and Co-Founder of KetaMD commented, "The KetaMD team is honored to have the opportunity to work with Dr. McIntyre, Dr. Rosenblat, and a world's leading research team in the area of depression and mood disorders. I believe this will be the key distinguishing factor in KetaMD's success."
Daniel Herrera, Braxia VP of R&D and Growth added, "The KetaMD team have created a company and brand that we believe will connect and resonate with so many people in the rapidly growing mental health space. The combination of Braxia's mental health clinical expertise and KetaMD's digital platform, we believe, will quickly increase access to treatment for people suffering from mental health disorders, positioning the company as a leading provider of safe, affordable, at-home ketamine treatment in the U.S. and Canada. This alliance also allows for innovation in clinical research and scaling of access to experimental therapeutics in this patient population."
Mental health conditions impact over one billion people worldwide annually, with depression representing the leading cause of disability across the globe. One-in-five people in the U.S. live with depression. Studies show that nearly 35 percent of people with depression do not have access to the pharmacy, treatments, and innovative therapies that could lead to more positive outcomes. Also, in 2020, 80 percent of physicians indicated they had taken part in virtual visits, up from 22 percent the year before (Amwell Research), and 40 percent of consumers indicated in a recent McKinsey report that they will continue to use telehealth services post - COVID (McKinsey report - July 2021).
Under the terms of the share purchase agreement in respect of the Transaction, Braxia acquired 100% of the common stock of KetaMD on the following terms:
- Holders of KetaMD common stock ("KetaMD Common Shareholders") were issued 42,144,629 Braxia common shares (the "Consideration Shares"), representing approximately 17.5% of the total issued Braxia common shares on a post-closing basis;
- approximately 80.6% of the Consideration Shares are subject to a contractual lock-up, with such Consideration Shares being released in 6-month increments until the final release occurring in 18 months;
- The KetaMD Common Shareholders will potentially also receive up to 21,915,207 Braxia common shares (the "Earnout Shares") in the event that (A) the market capitalization of Braxia reaches certain sustainable levels during the period ending on the fifth anniversary of the closing of the Transaction and/or (B) KetaMD achieves certain gross income and EBITDA milestones over the three fiscal years following closing of the Transaction. If issued, the Earnout Shares would represent 8.3% of the issued and outstanding Braxia common shares on a post-closing basis;
- The KetaMD Common Shareholders have entered into a voting support arrangement with Braxia pursuant to which they have agreed to support proposed nominees of the board and other shareholder resolutions recommended by the board of Braxia;
- Certain existing noteholders of KetaMD were issued approximately $2.94 million of convertible debentures of Braxia (the "Debentures") due December 31, 2023 (the "Maturity Date") in exchange for the cancellation of the KetaMD notes, which will provide a conversion right into Braxia common shares at the option of the holder and mandatory conversion by Braxia if not converted or repaid prior to the Maturity Date. The Debentures may also be prepaid or redeemed at the option of Braxia. The conversion price for optional conversion by the holder will be based on the benchmark price of $0.10 per Braxia common share (the "Benchmark Price"). The conversion price for mandatory conversion by Braxia on the Maturity Date is $0.15 per share which is 150% higher than the closing price of the Braxia common shares on the Canadian Securities Exchange (the "CSE") on August 2, 2022, the trading day prior to this announcement, of $0.06 per share.
- Holders of the Debentures will be entitled to convert a portion of their holdings into Braxia common shares as follows:
- The Debentures contain a mandatory cash prepayment obligation in the event Braxia raises USD $10 million in equity capital prior to the Maturity Date.
Based on the closing price of the Braxia common shares on the CSE on Tuesday August 2, 2022, the total value of the consideration paid for KetaMD, including the amount of USD $619,000 invested in the KetaMD Notes, but excluding the value of the Earnout Shares, the timing and issuance of which is uncertain, is approximately $6,262,902. Following the Transaction, there are no KetaMD notes outstanding, other than those held by Braxia.
KetaMD will remain its own standalone brand under the Braxia umbrella and will operate initially in the United States.
KetaMD is now available for clients in Florida, the first state where services are currently offered. KetaMD expects to launch its offering in California, New York, Texas, Colorado, and Washington in 2022, and plans to continue to expand throughout the United States.
Warren Gumpel will continue as CEO of KetaMD and Leann Taylor will continue as President and COO. Both have signed employment agreements. Ms. Taylor will join the board of Braxia following the closing. Zappy Zapolin and Kaia Roman will remain with KetaMD as advisors.
- KetaMD's mission is to expand access and awareness to psychedelic medicine treatment to as many as possible at a time when mental health issues are devastating people across the world.
- KetaMD's secure, HIPAA-compliant telemedicine platform is designed for clients to connect with medical professionals for diagnosis and prescribed treatments, with all treatments guided virtually by registered nurses.
- KetaMD founders include Zappy Zapolin, well-known "psychedelic concierge to the stars", co-founder and CEO Warren Gumpel, leading advocate in the ketamine space, Chief Experience Officer Kaia Roman, a certified mindfulness instructor and bestselling author of The Joy Plan, with 20 years of brand experience work in Silicon Valley, and President and Chief Operating Officer, Leann Taylor, who has a track record of building and scaling business at multiple companies including Caliva, Warner Music Group and Gartner, Inc.
- Zapolin and Gumpel also founded The Ketamine Fund, a non-profit organization that has donated over 500 free, medically-supervised ketamine treatments to veterans suffering from PTSD, substantially reducing their depression and suicidal ideation.
- KetaMD's expert medical team is led by several of the world's leading depression researchers and practitioners, including Dr. Joshua Rosenblat, Medical Director at Braxia, Dr. Daniel Kang, Chief Medical Officer at KetaMD, Dr. Sanjiv Chopra, Professor of Medicine at Harvard Medical School, Dr. Yousif A-Rahim, Chief Medical Officer at Covenant Physical Partners, and Dr. Edward Pearson, Medical Director at KMD Medical Group.
- Braxia led by CEO, Dr. Roger McIntyre, is a world-renowned researcher, psychiatrist, and pharmacologist. He has been involved in more than 750 published research articles centered around the treatment of mental health disorders.
- Braxia opened the first community-based clinic in Canada offering IV and oral ketamine treatments for depression in 2018. To date, the Company has expanded to five clinics across Ontario and Quebec with over 100 mental health medical professionals.
- Braxia's clinics have administered more than 6,000 ketamine treatments to date across a growing patient base in Canada.
- As lead author of the "International Expert Opinion on the Available Evidence and Implementation of Ketamine and Esketamine in Mood Disorders", published in the American Journal of Psychiatry in March 2021, Dr. McIntyre established the protocols for the use of ketamine for the treatment of mood disorders.
- Braxia is a global leader in the clinical research of ketamine and psilocybin. Braxia is its own Clinical Research Organization (CRO), giving it the ability to efficiently carryout clinical trials with new rapid acting treatments including trials to document the benefits of mood disorder psychedelics such as ketamine and psilocybin.
- First ever company to conduct a Health Canada-approved multiple-dose psilocybin clinical trial. First patients were dosed in November 2021 and Company reported positive preliminary results that effectively demonstrated the feasibility of Braxia's proprietary psilocybin-assisted therapy protocol with high rates of recruitment and retention with adequate tolerability and safety.
- Braxia was also first to receive Health Canada approval under a Special Access Program ("SAP") to provide psilocybin-assisted psychotherapy to a patient with Major Depressive Disorder in Ontario. Braxia has since received SAP approvals for additional patients.
- Braxia team has registered and conducted 11 clinical trials in depression to date (Source: https://clinicaltrials.gov).
- Overall, the Braxia executive team has extensive research experience with 756 peer-reviewed publications to their credit, including 52 ketamine-related peer-reviewed publications, four psilocybin-related peer-reviewed publications and 507 depression-related peer-reviewed publications (Source: National Library of Medicine/ pubmed.gov).
- The amassed library of Braxia attributed research ranks the Company in the 99.2nd percentile of the top 500 global researchers in ketamine and depression, and 99.8th percentile of the top 500 global researchers in mood disorders, a category in which Dr. McIntyre is ranked 1st in the world according to Expertscape.
KetaMD is a HIPAA-compliant telemedicine platform providing affordable and potentially life-changing at-home medical ketamine treatments. Prescribed by medical professionals and guided by registered nurses via our secure platform, KetaMD is a safe and effective alternative for the millions of adults that currently rely on conventional mental health treatments to relieve depression, anxiety, and related mental health challenges. Our mission is to make this treatment safely accessible to those who need it across the United States. Through KetaMD's program, adults who receive a qualifying diagnosis from one of our licensed medical prescribers may participate in our fully virtual program. For more information, visit www.ketamd.com.
Braxia Scientific is a medical research company with clinics that provide innovative ketamine treatments for persons with depression and related disorders. Through its medical solutions, Braxia aims to reduce the illness burden of brain-based mental disorders such as major depressive disorder among others. Braxia is primarily focused on (i) owning and operating multidisciplinary clinics, providing treatment for mental health disorders, and (ii) research activities related to discovering and commercializing novel drugs and delivery methods. Braxia seeks to develop ketamine and derivatives and other psychedelic products from its IP development platform. Through its wholly owned subsidiary, the Canadian Rapid Treatment Center of Excellence Inc., Braxia currently operates multidisciplinary community-based clinics offering rapid-acting treatments for depression located in Mississauga, Toronto, Ottawa, and Montreal. For more information, visit www.braxiascientific.com or www.braxiahealth.com.
The CSE has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.
This news release contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations, or beliefs of future performance are "forward-looking statements."
Forward-looking statements include statements about the intended promise of ketamine-based or other psychedelic treatments for depression, the potential for ketamine or other psychedelics to treat other mental health conditions, the integration plans for Braxia and KetaMD, the intention to conduct further clinical trials, the expected growth of at-home telemedicine, the expected benefit and synergies of the Transaction, the issuance of Earnout Shares, the expectation to expand to areas other than Florida, and expected changes to the board of Braxia. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events, or developments to be materially different from any future results, events or developments expressed or implied by such forward-looking statements. Such risks and uncertainties include, among others, the failure of ketamine, psilocybin and other psychedelics to provide the expected health benefits and unanticipated side effects, dependence on obtaining and maintaining regulatory approvals, including acquiring and renewing federal, provincial, municipal, local or other licenses and engaging in activities that could be later determined to be illegal under domestic or international laws. Ketamine and psilocybin are currently Schedule I and Schedule III controlled substances, respectively, under the Controlled Drugs and Substances Act, S.C. 1996, c. 19 (the "CDSA") and it is a criminal offence to possess such substances under the CDSA without a prescription or a legal exemption. Health Canada has not approved psilocybin as a drug for any indication, however ketamine is a legally permissible medication for the treatment of certain psychological conditions. It is illegal to possess such substances in Canada without a prescription. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements.
Although the Company has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company's filings with Canadian securities regulators, including the Amended and Restated Listing Statement dated April 15, 2021 and its most recent MD&A, which are available at www.sedar.com. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements.
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SOURCE Braxia Scientific Corp. | https://www.wdbj7.com/prnewswire/2022/08/03/braxia-scientific-enters-us-telemedicine-industry-acquires-ketamd-mental-health-platform-providing-beneficial-ketamine-treatments-florida-with-plans-expand-across-us/ | 2022-08-03T12:57:06Z | https://www.wdbj7.com/prnewswire/2022/08/03/braxia-scientific-enters-us-telemedicine-industry-acquires-ketamd-mental-health-platform-providing-beneficial-ketamine-treatments-florida-with-plans-expand-across-us/ | false | 11 |
NORWELL, Mass. (AP) _ Clean Harbors Inc. (CLH) on Wednesday reported second-quarter net income of $148.2 million.
The Norwell, Massachusetts-based company said it had net income of $2.71 per share. Earnings, adjusted for non-recurring gains and pretax gains, were $2.44 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.53 per share.
The environmental services company posted revenue of $1.36 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $1.23 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CLH at https://www.zacks.com/ap/CLH | https://www.lakecountystar.com/business/article/Clean-Harbors-Q2-Earnings-Snapshot-17347808.php | 2022-08-03T13:01:53Z | https://www.lakecountystar.com/business/article/Clean-Harbors-Q2-Earnings-Snapshot-17347808.php | false | null |
Steam bath weather adds to misery after Appalachian flooding
Temperatures were expected to soar on Wednesday in a region of eastern Kentucky where people are shoveling out from the wreckage of massive flooding, many in places without electricity.
The rising heat and humidity meant heat index values near 100 by midday, a steam bath that will continue through Thursday evening, the National Weather Service said.
This week’s weather added to the hardships in Knott County, where Kirsten Gomez’s husband and cousin were gutting their doublewide trailer of drywall, flooring and cabinets ruined by floodwaters from nearby Troublesome Creek.
“It is so miserable. The humidity is so high, it takes your breath,” Gomez said Tuesday. “Your clothes stick to you. Your hair sticks to you. This mud is caked on you. ... But I’m just blessed that we don’t have rain anymore.”
Cooling centers were opened after forecasters warned of the risk of heat-related illnesses in an advisory issued for the flood-ravaged area.
The death toll stood at 37, and while more than 1,300 people have been rescued, crews were still trying to reach some people who remain cut off by floods or mudslides. About 5,000 customers still lacked electricity in eastern Kentucky as of Wednesday morning, according to Poweroutages.com. Emergency shelters housed hundreds of residents who had homes destroyed or damaged.
The historic flooding also hit areas just across the state line in Virginia and West Virginia, where some people also remained without power.
President Joe Biden declared a federal disaster to direct relief money to counties flooded after 8 to 10 1/2 inches (20 to 27 centimeters) of rain fell in just 48 hours last week in the Appalachian mountain region.
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You may occasionally receive promotional content from the San Diego Union-Tribune. | https://www.sandiegouniontribune.com/news/nation-world/story/2022-08-03/steam-bath-weather-adds-to-misery-after-appalachian-flooding | 2022-08-03T13:02:12Z | https://www.sandiegouniontribune.com/news/nation-world/story/2022-08-03/steam-bath-weather-adds-to-misery-after-appalachian-flooding | true | 20 |
By Steve Oko
The governorship candidate of the All Progressive Grand Alliance, APGA, in Abia State, Professor Greg Ibe, has claimed that average life expectancy in the state is low due to Government’s neglect of the health sector.
Ibe who spoke in Umuahia during the flag-off of his six-day annual free medical outreach said that the protracted strike by doctors at the Abia State University Teaching Hospital ABSUTH, Aba over 25 months salary arrears “only confirmed that the state government is not bothered” about the health of the people.
Professor Ibe who was represented by his running mate, Hon. Obinna Ichita, said: “The oldest man in most Abia communities today is 50 years old because there is no robust health care system in place”.
He further said:” It’s only in Abia that doctors are owed for 25 months and Government is busy telling stories.
“Our only state teaching hospital, ABSUTH, has been under lock and key for over one year.
” The present administation in the state has lost value for life. The only functional unit at ABSUTH is the mortuary and the Government is not moved. Fridays and Saturdays are now for burial due to high rate of death in Abia.”
Professor Ibe explained that he embarked on the free medical outreach as an interventionist programme to bridge the gap in the health care delivery system, adding that over 20,000 persons will benefit from the scheme.
He said that the programme had nothing to do with his political ambition as he had been in the humanitarian gesture since 1991.
Ibe further explained that those with surgery cases would be referred to the Federal Medical Centre Umuahia for further treatment at no cost to the patients.
In an interview, the Head of the medical team, Dr Ojum Ogwo, said over 50 medical doctors and medical personnel from different areas of specialty were on ground to attend to people who show up for the scheme.
Earlier in a remark, APGA Chairman, Rev. Augustine Ehiemere, described the intervention as apt in view of “the deplorable condition of the health sector in the state”.
He knocked the state government for “toying with the welfare of health workers” , but urged the people not to lose hope.
“It is shameful to note that ABSUTH which has already lost accreditation to admit medical students is at the verge of losing clinical accreditation due to insensitivity of the ruling Peoples Democratic Party, PDP-led administation supervising the collapse of Abia.
He urged people with health challenges to take advantage of the scheme and receive quality health care, adding that the scheme is for all.
Some of the beneficiaries including Gloria Eke, John Chikwe and Jeremiah Kalu showered praises on the benefactor for the gesture.
The exercise which will be moved around all three senatorial zones in the state, is to end on Sunday. | https://www.vanguardngr.com/2022/08/why-life-expectancy-is-low-in-abia-apga-guber-candidate/ | 2022-08-03T13:03:08Z | https://www.vanguardngr.com/2022/08/why-life-expectancy-is-low-in-abia-apga-guber-candidate/ | true | 2 |
Rangers trolled by radio pundit who says Champions League ‘isn’t for everyone’ after Union SG qualifying defeat
CELTIC-DAFT footy pundit Trevor Sinclair couldn't resist taking a swipe at Rangers after their dismal Euro defeat.
The Light Blues' dreams of reaching the Champions League group stage are already hanging by a thread after last night's 2-0 defeat to Union SG in Belgium.
The result leaves the Gers needing to do something they've never done before at Ibrox next week.
That's overturn a 2-0 away first leg deficit in a European tie.
It was a truly miserable night for the Gers who barely laid a glove on their opponents and former England international Sinclair wasn't going to miss his chance to aim a dig at the the Ibrox club.
Sinclair is a big Celtic fan and the Hoops are of course already guaranteed a crack at the Champions League group stage this season.
The former West Ham midfielder cheekily taunted the Gers while appearing on talkSPORT.
He event went as far as saying Giovanni van Bronckhorst's men will be HAPPY to go out so they can enter the Europa League again.
Sinclair said: "To be fair, the Champions League isn't for everyone.
"Celtic obviously won that tournament and Rangers are happy in the Europa League.
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"So they'll probably be happy to go out!"
Meanwhile, Alfredo Morelos could be BACK for the crunch second leg against Union SG next Tuesday.
The Ibrox talisman hasn't played since March after sustaining a thigh injury that required surgery.
But van Bronckhorst has confirmed he could by ready to make an SOS call to the Colombian to salvage their Euro ambitions.
The Rangers managed said: “Yeah, I think that is realistic.
“He has been training with us for quite some time and he is getting better and sharper every day.
“We also have him in the UEFA list for this round so hopefully he will continue and he will be there next week.”
Before that, the Gers are back in league action on Saturday.
They welcome promoted Kilmarnock to Ibrox.
Keep up to date with ALL the latest news and transfers at the Scottish Sun football page | https://www.thescottishsun.co.uk/sport/football/9252728/rangers-trolled-pundit-champions-league-union-sg/ | 2022-08-03T13:03:20Z | https://www.thescottishsun.co.uk/sport/football/9252728/rangers-trolled-pundit-champions-league-union-sg/ | true | 1 |
All platforms want their own version of the short videos: Meta has Reels; YouTube, Shorts; Pinterest, Idea Pins
Meta announced last week that it is revamping the feed Facebook’s main tool for prioritizing the discovery of new content, including reels (already implemented on Instagram), in an attempt to circumvent the popularity of TikTok – a media application for creating and sharing short videos. The growth of the Chinese social network is one of the main concerns of the CEO of Meta, Mark Zuckerberg.
While the video app has about 1/3 of Facebook’s 2.9 billion users, it’s where people have been spending the most time. In the 2nd half of 2021, TikTok became the 1st competitor to surpass 3 billion downloads.
But it’s not just Meta that the TikTok phenomenon has been preoccupied with. While Zuckerberg focuses his efforts on the tool reels, other social networks and media companies are creating their own versions of the short videos. Below is a summary:
- YouTube announced Shorts, short vertical videos;
- Pinterest released Idea Pins, a tool for videos up to 1 minute long;
- Netflix has launched Fast Laughs, a feature that shows short snippets of its productions.
Researcher Yasmin Curzi, from the Center for Technology and Society at FGV (Fundação Getulio Vargas), says that the success of TikTok began linked to a pattern of generational behavior. However, despite having exploded among young people, the platform is starting to conquer users of other ages.
“TikTok started with Gen Z joining, because young people were no longer attracted to Facebook due to a pattern of content consumption. They no longer identified with the network. So they started going to that place where millennials weren’t. But today people of all ages are attracted to short videos. sare ephemeral, and therefore have to do with what they are looking for”declared.
For the expert, another point that makes TikTok attractive is the even greater decentralization of content production, which excites ordinary people and digital influencers. The tool is relatively simple and intuitive. In addition, the network also understands user preferences very well. Most of the time, the videos shown on the feed The main ones are profiles that the internet user does not follow, but whose content speaks to their interests.
Curzi cites the battle between Snapchat and Facebook, which culminated in the creation of the Stories tool on Instagram. In 2013, Mark Zuckerberg offered $3 billion to acquire Snapchat, then on the rise. But their owners didn’t want to sell. After that, Facebook simply copied the features of “Snap” and built them into all your apps.
“I believe it is difficult for Facebook to beat TikTok, as it did with Snapchat in Brazil. In the case of Instagram, for example, people have been there for a long time for a specific reason. It is very difficult when a tool is born with a certain purpose and then there is a complete transformation.”
Criticism & recoil
On Thursday (July 28, 2022), Instagram suspended changes to its feed that showed videos in full screen, like on TikTok. The social network has been testing the change since May, but has received susceptible criticism in recent days, including from giant profiles on the platform, such as North American influencers Kim Kardashian and Kylie Jenner.
Instagram boss Adam Mosseri said the platform’s algorithm will be readjusted to return to showing more posts from profiles and pages followed by the user, not suggestions for new content.
“I’m glad we took the risk, if we don’t fail once in a while, we’re not thinking big enough. But we definitely need to take a big step back and regroup.” said Adam Mosseri, in an interview with the newsletter website platformer.
Despite the retreat, Mosseri reaffirmed the company’s decision to continue investing in audiovisual content and less in photos, which was the platform’s focus initially.
Twitter also tried to introduce a video tool: the fleets. But in July 2021, it announced the end of the feature for not meeting expectations. “Since we’ve introduced the feature to everyone, we haven’t seen an increase in the number of new people joining conversations with Fleets as we expected,” said the company in communiqué. | https://thegoaspotlight.com/2022/08/03/understand-tiktoks-influence-on-competing-social-media/ | 2022-08-03T13:04:42Z | https://thegoaspotlight.com/2022/08/03/understand-tiktoks-influence-on-competing-social-media/ | false | 1 |
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