text stringlengths 2 190k | url stringlengths 22 593 | crawl_date timestamp[us, tz=UTC]date 2022-04-01 00:00:56 2022-09-19 05:15:05 | id stringlengths 22 593 | label bool 2 classes | minhash_count stringclasses 349 values |
|---|---|---|---|---|---|
RALEIGH, N.C., Aug. 3, 2022 /PRNewswire/ -- Bandwidth Inc. (NASDAQ: BAND), a leading global enterprise cloud communications company, today announced financial results for the second quarter ended June 30, 2022.
"I am proud of the operating discipline that enabled us to deliver results that exceeded expectations on both the top and bottom line. Our second quarter results and customer wins demonstrate our execution and focus on serving enterprise customers amidst an uncertain macroeconomic environment," said David Morken, Bandwidth's Chief Executive Officer. "I am confident we are well positioned because we provide mission-critical cloud communications that reduce costs for large enterprises."
Second Quarter 2022 Financial Highlights
The following table summarizes the consolidated financial highlights for the three months ended June 30, 2022 and 2021 (in millions, except per share amounts). (1)
"Our over performance in the second quarter demonstrates that we continue to execute through the isolated customer headwinds we previously discussed," said Daryl Raiford, Chief Financial Officer of Bandwidth. "While we have now over-achieved expectations in the first two quarters of this year, we recognize the macroeconomic conditions remain uncertain. Accordingly, as a measure of prudence, we are maintaining our revenue and profitability outlook for the full year."
Second Quarter Customer and Operational Highlights
- A top U.S. bank, one of the largest issuers of Visa and Mastercard credit cards in the U.S., migrated an additional business unit's contact center to Bandwidth to leverage the power of the Bandwidth platform and our expanding enterprise contact center ecosystem.
- Four large enterprises spanning retail, healthcare, Fortune 500 global manufacturing and contact center outsourcing chose Bandwidth to power their Genesys contact centers in the cloud, an affirmation of our collaborative, co-creation mentality, enterprise-grade CPaaS platform and global network.
- A company that provides technology support for state credit unions selected Five9 and Bandwidth to modernize its contact center. Bandwidth's integrations with best-in-class cloud contact center technologies and operational excellence streamlined this customer's journey to the cloud.
- One of the largest and fastest-growing text messaging commerce companies turned to Bandwidth because of our ability to reliably deliver at scale, our APIs, and our customer experience.
- Bandwidth achieved global accreditation with its ISO 27001:2013 certification extending the gold standard in information security management from its North American network to its entire global network. Bandwidth is the only global cloud communications platform to achieve this accreditation. Additionally, Bandwidth has now completely implemented STIR/SHAKEN throughout our IP network.
Financial Outlook
Bandwidth's outlook assumes a continuation of current business conditions, current foreign currency exchange rates, and includes the impact of recent divestitures and an estimated impact of $16 million - $24 million in 2022 arising from the previously disclosed DDoS attacks in 2021. Bandwidth is providing guidance for its third quarter and full year 2022 as follows:
Bandwidth has not reconciled its third quarter and full-year guidance related to non-GAAP net earnings or loss to GAAP net earnings or loss and non-GAAP earnings or loss per share to GAAP earnings or loss, because stock-based compensation cannot be reasonably calculated or predicted at this time. Accordingly, a reconciliation is not available without unreasonable effort.
Upcoming Investor Conference Schedule
- Canaccord Genuity 42nd Annual Growth Conference in Boston, MA. Fireside chat on Wednesday, August 10 at 12:30PM Eastern Time.
Live webcasts and replays of the presentation will be available on the Investor Relations section of the Bandwidth's website at https://investors.bandwidth.com.
About Bandwidth Inc.
Bandwidth (NASDAQ: BAND) is a global communications software company that helps enterprises connect people around the world with cloud-ready voice, messaging and emergency services. Backed by a network reaching 60+ countries covering 90 percent of global GDP, companies like Cisco, Google, Microsoft, RingCentral, Uber and Zoom use Bandwidth's APIs to easily embed communications into software and applications. Bandwidth has more than 20 years in the technology space and was the first Communications Platform-as-a-Service (CPaaS) provider offering a robust selection of APIs built on our own global network. Our award-winning support teams help businesses around the world solve complex communications challenges every day. More information is available at www.bandwidth.com.
Conference Call
Conference call to discuss Bandwidth's financial results for the second quarter ended June 30, 2022 on August 3, 2022, via the investor section of its website at https://investors.bandwidth.com where a replay will also be available shortly following the conference call.
Conference Call Details
August 3, 2022
5:00 pm ET
Domestic dial-in:
800-926-9174
International dial-in:
212-231-2920
Replay information
An audio replay of this conference call will be available through August 10, 2022, by dialing (844) 512-2921 or (412) 317-6671 for international callers, and entering passcode 22019850.
Forward-Looking Statements
This press release includes forward-looking statements. All statements contained in this press release other than statements of historical facts, including, without limitation, future financial and business performance for the quarter ending September 30, 2022 and year ending December 31, 2022, the success of our product offerings and our platform, the value proposition of our products, and our assessment of the impact of the distributed denial of service ("DDoS") attacks discussed herein and in previous press releases are forward-looking statements. The words "anticipate," "believe," "continue," "estimate," "expect," "intend," "guide," "may," "will" and similar expressions and their negatives are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of risks and uncertainties, including, without limitation, risks related to our rapid growth and ability to sustain our revenue growth rate, competition in the markets in which we operate, market growth, our ability to innovate and manage our growth, our ability to expand effectively into new markets, macroeconomic conditions both in the U.S. and globally, legal, reputational and financial risks which may result from the DDoS attacks or other cybersecurity incidents, risks that the anticipated benefits of the acquisition of Voxbone may not be fully realized or may take longer to realize than expected, our ability to operate in compliance with applicable laws, as well as other risks and uncertainties set forth in the "Risk Factors" section of our latest Form 10-K filed with the Securities and Exchange Commission and any subsequent reports that we file with the Securities and Exchange Commission. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, we cannot guarantee future results, levels of activity, performance, achievements or events and circumstances reflected in the forward-looking statements will occur. We are under no obligation to update any of these forward-looking statements after the date of this press release to conform these statements to actual results or revised expectations, except as required by law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release.
Non-GAAP Financial Measures
To supplement our consolidated financial statements, which are prepared and presented in accordance with Generally Accepted Accounting Principles in the United States, or GAAP, we provide investors with certain non-GAAP financial measures and other business metrics, which we believe are helpful to our investors. We use these Non-GAAP financial measures and other business metrics for financial and operational decision-making purposes and as a means to evaluate period-to-period comparisons. We believe that these Non-GAAP financial measures and other business metrics provide useful information about our operating results, enhance the overall understanding of past financial performance and future prospects and allow for greater transparency with respect to metrics used by our management in its financial and operational decision-making.
The presentation of Non-GAAP financial information and other business metrics is not meant to be considered in isolation or as a substitute for the directly comparable financial measures prepared in accordance with GAAP. While our Non-GAAP financial measures and other business metrics are an important tool for financial and operational decision-making and for evaluating our own operating results over different periods of time, we urge investors to review the reconciliation of these financial measures to the comparable GAAP financial measures included above, and not to rely on any single financial measure to evaluate our business.
We define Non-GAAP gross profit as gross profit after adding back depreciation, amortization of acquired intangible assets related to acquisitions and stock-based compensation. We add back depreciation, amortization of acquired intangible assets related to acquisitions and stock-based compensation because they are non-cash items. We eliminate the impact of these non-cash items, because we do not consider them indicative of our core operating performance. Their exclusion facilitates comparisons of our operating performance on a period-to-period basis. Therefore, we believe that showing gross margin, as adjusted to remove the impact of these non-cash expenses, such as depreciation, amortization of acquired intangible assets related to acquisitions and stock-based compensation, is helpful to investors in assessing our gross profit and gross margin performance in a way that is similar to how management assesses our performance. We calculate Non-GAAP gross margin by dividing Non-GAAP gross profit by revenue less pass-through messaging surcharges, expressed as a percentage of revenue.
We define Non-GAAP net (loss) income as net (loss) income adjusted for certain items affecting period to period comparability. Non-GAAP net (loss) income excludes stock-based compensation, amortization of acquired intangible asset related to acquisitions, amortization of debt discount and issuance costs for convertible debt, acquisition related expenses, impairment charges of intangibles assets, loss (gain) on sale of business, loss (gain) on disposal of property and equipment, net cost associated with early lease terminations and leases without economic benefit, estimated tax impact of above adjustments, net of valuation allowances.
We define adjusted EBITDA as net (loss) income adjusted to reflect the addition or elimination of certain statement of operations items including, but not limited to: income tax (benefit) provision, interest (income) expense, net, depreciation and amortization expense, acquisition related expenses, stock-based compensation expense, impairment of intangible assets, loss (gain) on sale of business, loss (gain) from disposal of property and equipment and net cost associated with early lease terminations and leases without economic benefit. We have presented Adjusted EBITDA because it is a key measure used by our management and board of directors to understand and evaluate our core operating performance and trends, generate future operating plans, and make strategic decisions regarding the allocation of capital. In particular, we believe that the exclusion of certain items in calculating Adjusted EBITDA can produce a useful measure for period-to-period comparisons of our business.
We define free cash flow as net cash provided by or used in operating activities less net cash used in the acquisition of property and equipment and capitalized development costs for software for internal use. We believe free cash flow is a useful indicator of liquidity and provides information to management and investors about the amount of cash generated from our core operations that can be used for investing in our business. Free cash flow has certain limitations in that it does not represent the total increase or decrease in the cash balance for the period, it does not take into consideration investment in long-term securities, nor does it represent the residual cash flows available for discretionary expenditures. Therefore, it is important to evaluate free cash flow along with our consolidated statements of cash flows.
We believe that these Non-GAAP financial measures provide useful information about our operating results, enhance the overall understanding of past financial performance and future prospects and allow for greater transparency with respect to metrics used by our management in its financial and operational decision-making.
While a reconciliation of Non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis as a result of the uncertainty regarding, and the potential variability of, many of these costs and expenses that we may incur in the future, we have provided a reconciliation of Non-GAAP financial measures and other business metrics to the nearest comparable GAAP measures in the accompanying financial statement tables included in this press release.
We define an active customer account at the end of any period as an individual account, as identified by a unique account identifier, for which we have recognized at least $100 of revenue in the last month of the period. We believe usage of our platform by an active customer at or above the $100 per month threshold is a stronger indicator of potential future engagement than trial usage at levels below $100 per month. A single organization may constitute multiple unique active customer accounts if it has multiple unique account identifiers, each of which is treated as a separate active customer account. Customers who pay after using our platform and customers that have credit balances are included in the number of active customer accounts.
To calculate the dollar-based net retention rate, we first identify the cohort of customers that generate revenue and that were customers in the same quarter of the prior year. The dollar-based net retention rate is obtained by dividing the revenue generated from that cohort in a quarter, by the revenue generated from that same cohort in the corresponding quarter in the prior year. The dollar-based net retention rate reported in a quarter is then obtained by averaging the result from that quarter, by the corresponding results from each of the prior three quarters. Customers of acquired businesses are included in the subsequent year's calendar quarter of acquisition. Our dollar-based net retention rate increases when such customers increase usage of a product, extend usage of a product to new applications or adopt a new product. Our dollar-based net retention rate decreases when such customers cease or reduce usage of a product or when we lower prices on our solutions. For comparative purposes, the dollar-based net retention rate presented herein has been updated to reflect the change in our reporting segments.
Cost Alignment
During the quarter ended March 31, 2022, Bandwidth changed its presentation of certain costs to align with the definitions of cost of revenue, research and development, sales and marketing, and general and administrative expenses used by many of our peers. As part of the benchmarked definitions, Bandwidth has included allocations of facilities and shared IT costs based on employee headcount within the cost of revenue, research and development, sales and marketing, and general and administrative expense categories.
Additionally, expense related to our product management function is now included in research and development rather than general and administrative as previously reported and the customer billing and collections function and amortization of acquired customer relationship intangible assets is now included in sales and marketing rather than general and administrative as previously reported. Management believes use of the benchmarked definitions will enhance the comparability of our performance to that of our peers. Financial data from prior periods have been conformed to the current definitions of cost of revenue, research and development, sales and marketing, and general and administrative expenses. There was no impact to revenue or net income for any periods presented. The condensed consolidated balance sheets, condensed consolidated statements of changes in stockholders' equity, and condensed consolidated statements of cash flows are not affected by these changes.
View original content:
SOURCE Bandwidth Inc. | https://www.wdbj7.com/prnewswire/2022/08/03/bandwidth-announces-second-quarter-2022-financial-results-exceeding-guidance/ | 2022-08-03T20:32:49Z | https://www.wdbj7.com/prnewswire/2022/08/03/bandwidth-announces-second-quarter-2022-financial-results-exceeding-guidance/ | false | 19 |
WASHINGTON (AP) — For a year, U.S. officials have been saying that taking out a terrorist threat in Afghanistan with no American troops on the ground would be difficult but not impossible. Last weekend, the U.S. did just that — killing al-Qaida leader Ayman al-Zawahri with a CIA drone strike.
Other high-profile airstrikes in the past had inadvertently killed innocent civilians. In this case, the U.S. carefully chose to use a type of Hellfire missile that greatly minimized the chance of other casualties. Although U.S. officials have not publicly confirmed which variant of the Hellfire was used, experts and others familiar with counterterrorism operations said a likely option was the highly secretive Hellfire R9X — know by various nicknames, including the “knife bomb” or the “flying Ginsu.”
That potential use of the R9X, said Klon Kitchen, senior fellow at the American Enterprise Institute and a former intelligence analyst, suggests the U.S. wanted to kill al-Zawahri with “limited likelihood of collateral death and destruction and for other relevant political reasons.”
A look at the Hellfire, and how al-Zawahri likely was killed:
WHAT IS A HELLFIRE MISSILE?
Originally designed as an anti-tank missile in the 1980s, the Hellfire has been used by military and intelligence agencies over the last two decades to strike targets in Iraq, Afghanistan, Yemen and elsewhere.
The precision-guided missiles can be mounted on helicopters and unmanned drones and are used widely in combat around the world. More than 100,000 Hellfire missiles have been sold to the U.S. and other countries, according to Ryan Brobst, an analyst at the Foundation for the Defense of Democracies, a Washington think tank.
“It can do enough damage to destroy most targets such as vehicles and buildings while not doing enough damage to level city blocks and cause significant civilian casualties,” Brobst said.
The U.S. military has routinely used Hellfire missiles to kill high-value targets, including a senior al-Qaida leader in Syria last year, and al-Qaida propagandist Anwar al-Awlaki in Yemen in 2011.
WHAT KILLED AL-ZAWAHRI?
The U.S. had multiple options for the attack. It could have used a traditional Hellfire, a bomb dropped from a manned aircraft, or a far more risky assault by ground forces. U.S. Navy SEALs, for example, flew into Pakistan on helicopters and took out Osama bin Laden in a raid.
In this case, the CIA opted for a drone strike. And while the CIA generally doesn’t confirm its counterterrorism missions and closely guards information about strikes it conducts, U.S. government officials have said that two Hellfire missiles were fired at the balcony of the building where al-Zawahri was living in Kabul.
Online images of the building show damage to the balcony, where the U.S. says al-Zawahri was, but the rest of the house is standing and not badly damaged.
Unlike other models of the Hellfire, the R9X doesn’t carry an explosive payload. Instead, it has a series of six rotating blades that emerge on its final approach to a target, Kitchen said. “One of their utilities is in opening up vehicles and other obstructions to get to the target without having to use an explosive warhead,” he said.
AVOIDING CIVILIAN CASUALTIES
U.S. officials and experts made clear this week that avoiding civilian casualties was a crucial element in the choice of weapon.
Less than a year ago, a U.S. drone strike — using a more conventional Hellfire missile — struck a white Toyota Corolla sedan in a Kabul neighborhood and killed 10 civilians around and near the car, including seven children. In the midst of the chaotic U.S. military withdrawal from Afghanistan, American forces believed there were explosives in the car and that it posed an imminent threat to troops on the ground. It was, military leaders said, a “tragic mistake”
One former U.S. official said the likely choice of an R9X is an example of the administration’s effort to find ways to minimize collateral damage and prevent the loss of innocent life. That missile is a very accurate weapon that strikes in a very small area, said the official, who spoke on condition of anonymity to discuss counterterrorism operations.
An administration official said Monday that the U.S. investigated the construction of the house where al-Zawahri was staying in order to ensure that the operation could be done without threatening the structural integrity of the building and also minimizing the risks of killing civilians, including members of his family who were in other parts of the house.
The choice of missile is ultimately one part of reducing the possibility of killing civilians or causing other collateral damage.
“I would say this is by far a lower-risk option,” said Tom Karako, an expert on missile defense at the Washington-based Center for Strategic and International Studies. Using the Hellfire, he said, “reflects a high degree of caution as opposed to a riskiness.”
IS THE US PROVIDING UKRAINE WITH DRONES THAT CAN FIRE HELLFIRE MISSILES?
No. While the U.S. has delivered billions of dollars in military assistance to help Ukraine fight the invading Russian troops, it is wary of providing weapons that could fire deep into Russia, potentially escalating the conflict or drawing the U.S. into the war.
As a result, the U.S. so far has not provided Hellfire missiles or drones that could fire them. Instead, the U.S. has delivered smaller, so-called kamikaze drones, such as the Switchblade and Phoenix Ghost, which instead of firing missiles, explode when they hit a target. | https://cw39.com/news/nationworld/what-exactly-was-the-missile-that-killed-al-qaidas-leader/ | 2022-08-03T20:33:01Z | https://cw39.com/news/nationworld/what-exactly-was-the-missile-that-killed-al-qaidas-leader/ | true | 46 |
Justice Department details threats against election workers
(AP) - The U.S. Justice Department has charged five people for making threats of violence against election workers amid a rising wave of harassment and intimidation tied to the 2020 presidential election, a top official told U.S. senators Wednesday.
Assistant Attorney General Kenneth Polite said one charge has led to a conviction so far through a task force launched last year as reports of threats to election officials, workers and volunteers raised concerns about safety and the security of future elections.
Overall, the department has investigated more than 1,000 harassing and threatening messages directed at election workers. Roughly 100 of those have risen to the level of potential prosecution. Polite estimated at least three more people have been charged for such threats at the state level.
Sen. Mazie Hirono, D-Hawaii, said at a hearing of the Senate Judiciary Committee that those numbers likely do not account for countless more incidents nationwide, including election workers accosted on the street, that are not referred to federal prosecutors.
“We have thousands and thousands of election workers all throughout our country, and yes there has been a rise in all kinds of threats,” Hirono said. “So the thousand referrals sounds like a very small number.”
Polite said the department has tried to encourage election staff to come forward with any kind of harassing or offensive communication. As an example of one case, he detailed the charge against a Texas man who threatened to kill government officials in Georgia after the 2020 election.
“He said he was threatening to end the lives of these traitors and take back our country by force, threatened to exterminate these people, and he threatened to put a bullet behind their ears,” Polite said.
Polite said prosecutors have had to balance safeguarding free speech rights with the onslaught of troubling phone calls, emails and social media posts targeting election workers. The intimidation efforts have especially targeted election officials in the battleground states where Donald Trump contested his loss to President Joe Biden.
Michigan’s secretary of state, Jocelyn Benson, recalled for committee when dozens of protesters were outside her own home in December 2020, shouting “obscenities and graphic threats.”
“As a result, there is an omnipresent feeling of anxiety and dread that permeates our daily lives and those of our families,” said Benson, a Democrat.
She said too many election officials feel unsafe and fear for the safety of their colleagues and the security of future elections. State lawmakers have failed to set aside enough money for election security, she said.
“We are threatened with arrest for simply doing our jobs, for educating citizens about the right to vote. Or we are inundated with burdensome and often nonsensical, unnecessary demands for information and access to secure election equipment,” Benson said.
North Carolina Sen. Thom Tillis, a Republican who has had talks with Democrats about potential voting legislation, asked Polite if he supports increased penalties for people found guilty of threats against election workers. Tillis noted that he has received two voicemails in recent days from a man who threatened to kill him.
“Any leverage that we can gain in terms of increasing the potential deterrence value of charges of enforcement actions here is absolutely critical,” Polite said.
A bipartisan bill in the Senate would double the federal penalties to up to two years in prison for those who threaten election workers, poll watchers, voters or candidates.
“Legal action is the last line of defense,” said New Mexico’s secretary of state, Democrat Maggie Toulouse Oliver, who spoke about receiving death threats during the 2020 election that forced her leave her home. “We will not stop such threats until the lies stop, the rhetoric gets racheted down and elected officials, the media, political parties and others find better ways to come together and educate the public about the realities of how elections are conducted.”
Copyright 2022 The Associated Press. All rights reserved. | https://www.wvlt.tv/2022/08/03/justice-department-details-threats-against-election-workers/ | 2022-08-03T20:33:07Z | https://www.wvlt.tv/2022/08/03/justice-department-details-threats-against-election-workers/ | true | 49 |
CARMEL, Ind., Aug. 3, 2022 /PRNewswire/ -- KAR Auction Services, Inc., d/b/a KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, today announced its participation in the following investor conference:
- J.P. Morgan 2022 Auto Conference
- KAR's Chief Financial Officer Eric Loughmiller and Treasurer and Vice President Investor Relations Mike Eliason will be participating on Tuesday, August 9, 2022, at 4:35pm ET
Webcast of the presentation will be made available under the investor relations section of the company's website, karglobal.com.
KAR Auction Services, Inc. d/b/a KAR Global (NYSE: KAR), provides sellers and buyers across the global wholesale used vehicle industry with innovative, technology-driven remarketing solutions. KAR Global's unique end-to-end platform supports whole car, financing, logistics and other ancillary and related services. Our integrated physical, online and mobile marketplaces reduce risk, improve transparency and streamline transactions for customers in about 75 countries. Headquartered in Carmel, Indiana, KAR Global has employees across the United States, Canada, Europe, Mexico, Uruguay and the Philippines. For more information and the latest KAR Global news, go to www.karglobal.com and follow us on Twitter @KARspeaks.
View original content to download multimedia:
SOURCE KAR Auction Services | https://www.kolotv.com/prnewswire/2022/08/03/kar-global-announces-participation-upcoming-investor-conference/ | 2022-08-03T20:35:12Z | https://www.kolotv.com/prnewswire/2022/08/03/kar-global-announces-participation-upcoming-investor-conference/ | false | 11 |
How old is Dream of the Endless (Tom Sturridge) in The Sandman? Executive producer Neil Gaiman, who created “The Sandman” for DC Comics, Netflix’s supernatural fantasy adapts the first two volumes: “Preludes and Nocturnes” and “Dollhouse.” In The Sandman, Dream, also known as Morpheus, the Lord of Dreams, will be joined by a variety of characters, including Lady Joanna Constantine (Jenna Coleman), Lucien (Vivien Achampong), Corinthian (Boyd Holbrook) and Dream’s older brother. Sister of Death (Kirby Howell-Baptiste).
When The Sandman begins, Dream finds himself captured and imprisoned by a British magician named Roderick Burgess (Charles Dance). The self-proclaimed magician hoped to catch Death and force her to restore Burgess’ dead son, as well as grant the sorcerer eternal life. Instead, the sorcerer caught the king of dreams, whom he held captive for more than a century. When Dream inevitably escapes, he discovers that his kingdom, the Dream, lies in ruins, and he has lost the magical tools of his craft, his helmet, ruby and sandbag of dreams. Dream sets out on a quest to restore his strength and put the Dream in order in the first season of The Sandman, while old and new enemies plot to destroy Morpheus once and for all.
Related: Why John Constantine Isn’t in the Sandman
Although Dream takes the mortal form of a tall, gaunt, pale man who prefers Gothic black, the Sandman is not mortal. As one of the Infinite, Sleep is an anthropomorphic personification that was born shortly after the universe was created and the first living beings were able to dream. Thus, the Dream is billions of years old. Like the rest of the Infinite, Dream is destined to exist until the last living beings die out in the universe. When there is no one left who could dream, Dream believes that he will cease to exist. However, despite the fact that he is almost as old as time itself, Dream is not omniscient, and he is prone to mistakes, having made many mistakes and enemies in his incredibly long life. In fact, “The Sandman” is a study of how Dream grows and changes after he is released from a hundred years of imprisonment.
How many years are Endless in the Sandman?
Dream is the third member of his family, Endless, along with Fate, Death, Destruction, Desire (Mason Alexander Park), Despair (Donna Preston) and Delirium. Everything Infinite is the children of Time, and Night is the mother of Sleep and, perhaps, some others. Since the Infinites were created shortly after life appeared in the universe, they are all billions of years old, and the younger of Dream’s siblings were born shortly after the life forms in the universe were capable of causing destruction or experiencing desire, despair or delirium.
The Infinite live in their own realms, which are the places of their power, and each has a gallery with symbols representing each brother and sister, which they use to summon each other. Although meetings are rare, Endless sometimes meet and even have lunch together. However, Destruction abandoned his duties, and the Prodigal Son left the Infinite long ago. Dream and Death are close, as well as Desire and Despair, but inside Infinity there is unrestrained rivalry between brothers and sisters. Desire’s particular hatred of Son fuels the disasters that the lord of the night realms faces in the first season of The Sandman. Despite the fact that they have existed for billions of years, the Infinite Ones are just as vicious, petty and noble as mortals in The sandman. | https://www.somagnews.com/how-old-is-sleep-in-the-sandman/ | 2022-08-03T20:35:56Z | https://www.somagnews.com/how-old-is-sleep-in-the-sandman/ | false | 1 |
Third Company Facility to Receive the Significant Environmental Validation
WASHINGTON, Aug. 3, 2022 /PRNewswire/ -- Perdue Farms announced today that its food-producing facility in Washington, Ind. has earned GreenCircle Zero Waste to Landfill certification, making it the first U.S. turkey processing facility and third Perdue facility to earn this important third-party environmental validation. During the audit period between May 2021-April 2022, GreenCircle validated that the Indiana operation diverted 100 percent of its waste from going to landfills starting in January of 2022, and kept nearly 155 million pounds from landfills during the total audit period.
GreenCircle completed extensive audits and assessments of all waste streams at the facility, including hazardous and non-hazardous materials, inspection of all waste receptacles, and assessment of all third-party waste management companies to confirm management methods and diversion rates. Every aspect of the operations' waste was assessed, including the personal protective equipment worn by associates, the process used to minimize contamination of the cardboard recycling stream, and the beneficial reuse of cardboard, paper, and feathers, as a few examples.
"The certification of our Indiana operation reflects the effort behind achieving our company's vision to be the most trusted name in food and agricultural products, and our commitment to being good stewards of our environment," said Drew Getty, vice president of environmental sustainability and government relations for Perdue Farms. "We continue working to expand our zero waste to landfill efforts to additional operations, and our progress to reduce our environmental impact in our operations represents our company's holistic approach to responsible and sustainable practices."
Perdue's Lewiston, N.C. facility became the first U.S. poultry company to earn GreenCircle certification in 2020, and its Petaluma, Calif. operation earned the certification in 2021.
"This achievement required an enormous collective effort from our team here, and we are tremendously proud to contribute to the company's overall goals to reduce our environmental impact," said Brandon Bottorff, director of operations at Perdue's Washington, Ind. facility. "The GreenCircle team's expertise helped us solidify best practices and processes for achieving our goals as well as continuous improvement."
"Perdue's pursuit of their waste diversion goals demonstrates that transparency and continuous improvement are essential to the way they do business," said Michelle Bonanno, director of operations at GreenCircle. "Our Zero Waste to Landfill certification requires absolute commitment to waste diversion and waste minimization. In order to earn our certification, companies must divert 100 percent of their waste from landfill. The goal of our certification is to help companies understand the reality of their waste minimization and zero waste programs. That information enables them to minimize waste, manage materials to reduce their environmental impact, and achieve their environmental stewardship goals."
In 2018, Perdue Farms established aggressive five-year environmental sustainability goals, including improving its solid waste diversion from landfills by 90 percent by 2023. Today, the company has diverted more than 94 percent of solid waste from landfills, as shared in Perdue's FY22 Stewardship Report.
To learn more about the company's progress in environmental sustainability, click here.
We're a fourth-generation, family owned, U.S. food and agriculture company. Through our belief in responsible food and agriculture, we are empowering consumers, customers, and farmers through trusted choices in products and services.
The premium protein portfolio within our Perdue Foods business, including our flagship PERDUE® brand, Niman Ranch®, Panorama Organic Grass-Fed Meats®, Coleman Natural®, and Yummy®, as well as our pet brands, Spot Farms® and Full Moon®, is available through various channels including retail, foodservice, club stores, and our direct-to-consumer website, PerdueFarms.com.
Perdue AgriBusiness is an international agricultural products and services company.
Now in our company's second century, our path forward is about getting better, not just bigger. We never use drugs for growth promotion in raising poultry and livestock, and we are actively advancing our animal welfare programs. Our brands are leaders in no-antibiotics-ever chicken, turkey, pork, beef and lamb, and in USDA-certified organic chicken and beef. Learn more at Corporate.PerdueFarms.com.
GreenCircle Certified was established in 2009 after our founders encountered many unsubstantiated claims in the marketplace. GreenCircle is an internationally recognized third-party certification entity whose thorough evaluation process provides independent verification that sustainability claims related to an organization's products and operations are honest, valid, and verified. GreenCircle is ISO 17065 compliant, following industry requirements for bodies certifying products, processes, and services. GreenCircle is recognized by the U.S. Federal Government as a recommended Ecolabel for all federal purchasing, by the Association of Plastic Recyclers (APR), and the United States Green Building Council (USGBC) as a valid third-party certification entity. In today's discerning market, third-party certification is a valuable asset in establishing brand integrity and developing consumer confidence.
View original content to download multimedia:
SOURCE Perdue Farms | https://www.wect.com/prnewswire/2022/08/03/perdue-farms-indiana-facility-becomes-first-us-turkey-plant-achieve-greencircle-zero-waste-landfill-certification/ | 2022-08-03T20:37:09Z | https://www.wect.com/prnewswire/2022/08/03/perdue-farms-indiana-facility-becomes-first-us-turkey-plant-achieve-greencircle-zero-waste-landfill-certification/ | true | 13 |
One killed in Downsville Pike crash Tuesday
A 51-year-old Pennsylvania man was killed Tuesday afternoon when the sport utility vehicle he was driving on Downsville Pike south of Hagerstown went off the road and rolled multiple times, state police said.
John Thomas Green III, who was thrown from the 2004 Toyota Highlander, was pronounced dead at the scene, Maryland State Police said in a news release.
It appears Green lived in Pittsburgh, according to police, who responded at about 1:20 p.m. He was the only person in the vehicle.
State police said Green was driving north on Downsville Pike when he went off the right side of the road prior to Rench Road. The vehicle overturned multiple times, police said.
More:Bridge work forces closure of I-70 ramp for Sharpsburg Pike until September
Downsville Pike was closed for about 90 minutes to allow authorities to work at the scene.
The cause of the crash remains under investigation. | https://www.heraldmailmedia.com/story/news/local/2022/08/03/pittsburgh-man-killed-in-washington-county-crash/65390196007/ | 2022-08-03T20:37:53Z | https://www.heraldmailmedia.com/story/news/local/2022/08/03/pittsburgh-man-killed-in-washington-county-crash/65390196007/ | false | null |
System Bookings and Backlog Continue to Hit Record Levels
BEVERLY, Mass., Aug. 3, 2022 /PRNewswire/ -- Axcelis Technologies, Inc. (Nasdaq: ACLS) today announced financial results for the second quarter 2022.
Highlights for the second quarter are as follows:
- The Company reported second quarter revenue of $221.2 million, compared to $203.6 million for the first quarter of 2022.
- Operating profit for the quarter was $54.1 million, compared to $48.9 million for the first quarter.
- Net income for the quarter was $44.2 million, or $1.32 per diluted share, compared to $41.6 million, or $1.22 per diluted share in the first quarter.
- Gross margin for the quarter was 44.8%, compared to 44.1% in the first quarter.
- Record systems backlog of $869.5 million and bookings of $432.8 million in the second quarter.
- Cash, cash equivalents and restricted cash were $287.9 million on June 30, 2022, compared to $297.9 million on March 31, 2022. This is net of $12.5 million of repurchased shares in the second quarter.
President and CEO Mary Puma commented, "Axcelis delivered outstanding second quarter financial performance well above our guidance due to robust demand and our strong execution. It is an exciting time for Axcelis with significant growth in the ion implant TAM, solid customer demand for our products and long term growth prospects in the power device market. System bookings and shipments continue to hit record levels. As a result, Axcelis now expects to achieve revenue of greater than $875 million in 2022."
Business Outlook
For the third quarter ending September 30, 2022, Axcelis expects revenues of $220 - $228 million. Gross margin in the third quarter is expected to be approximately 42%. Third quarter operating profit is forecast to be between $44.5 - $47.5 million with earnings per diluted share between $1.10 - $1.15. For the full year, the Company expects to achieve revenue of greater than $875 million with gross margins of approximately 42.5%.
Second Quarter 2022 Conference Call
The Company will host a call to discuss the results for the second quarter 2022 on Thursday, August 4, 2022 at 8:30 a.m. ET. The call will be available to interested listeners via an audio webcast that can be accessed through the Investors page of Axcelis' website at www.axcelis.com, or by registering as a Participant here:
Webcast replays will be available for 30 days following the call.
Safe Harbor Statement
This press release and the conference call contain forward-looking statements under the Private Securities Litigation Reform Act safe harbor provisions. These statements, which include our expectations for spending in our industry and guidance for future financial performance, are based on management's current expectations and should be viewed with caution. They are subject to various risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, many of which are outside the control of the Company, including that customer decisions to place orders or our product shipments may not occur when we expect, that orders may not be converted to revenue in any particular quarter, or at all, whether demand will continue for the semiconductor equipment we produce or, if not, whether we can successfully meet changing market requirements, and whether we will be able to maintain continuity of business relationships with and purchases by major customers. Increased competitive pressure on sales and pricing, increases in material and other production costs that cannot be recouped in product pricing and instability caused by changing global economic, political or financial conditions could also cause actual results to differ materially from those in our forward-looking statements. These risks and other risk factors relating to Axcelis are described more fully in the most recent Form 10-K filed by Axcelis and in other documents filed from time to time with the Securities and Exchange Commission.
About Axcelis:
Axcelis (Nasdaq: ACLS), headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for over 40 years. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation systems, one of the most critical and enabling steps in the IC manufacturing process. Learn more about Axcelis at www.axcelis.com.
Company Contacts
Investor Relations:
Doug Lawson
978.787.9552
Editorial/Media:
Maureen Hart
978.787.4266
View original content to download multimedia:
SOURCE Axcelis Technologies, Inc. | https://www.wtvy.com/prnewswire/2022/08/03/axcelis-announces-financial-results-second-quarter-2022/ | 2022-08-03T20:39:10Z | https://www.wtvy.com/prnewswire/2022/08/03/axcelis-announces-financial-results-second-quarter-2022/ | false | 11 |
This is a carousel. Use Next and Previous buttons to navigate
WASHINGTON (AP) — U.S.-China relations are teetering on a precipice after House Speaker Nancy Pelosi’s visit to Taiwan.
Pelosi received a rapturous welcome in Taipei and was applauded with strong bipartisan support in Washington, despite the Biden administration’s misgivings. But her trip has enraged Beijing and Chinese nationalists and will complicate already strained ties even after her departure.
Already, China is preparing new shows of force in the Taiwan Strait to make clear that its claims are non-negotiable on the island it regards as a renegade province. And, as the U.S. presses ahead with demonstrations of support for Taiwan, arms sales and diplomatic lobbying, the escalating tensions have raised the risks of military confrontation, intentional or not.
And the trip could further muddle Washington's already complicated relationship with Beijing as the two sides wrest with differences over trade, the war in Ukraine, human rights and more.
Wary of the reaction from China, the Biden administration discouraged but did not prevent Pelosi from visiting Taiwan. It has taken pains to stress to Beijing that the House speaker is not a member of the executive branch and her visit represents no change in the U.S. “one-China” policy.
That was little comfort for Beijing. Pelosi, who is second in line to the U.S. presidency, was no ordinary visitor and was greeted almost like a head of state. Taiwan's skyline lit up with a message of welcome, and she met with the biggest names on the island, including its president, senior legislators and prominent rights activists.
Chinese officials were enraged.
“What Pelosi has done is definitely not a defense and maintenance of democracy, but a provocation and violation of China’s sovereignty and territorial integrity,” Foreign Ministry spokesperson Hua Chunying said after her departure.
“Pelosi’s dangerous provocation is purely for personal political capital, which is an absolute ugly political farce,” Hua said. “China-US relations and regional peace and stability is suffering.”
The timing of the visit may have added to the tensions. It came ahead of this year's Chinese Communist Party’s Congress at which President Xi Jinping will try to further cement his power, using a hard line on Taiwan to blunt domestic criticism on COVID-19, the economy and other issues.
Summoned to the Foreign Ministry to hear China's complaints, U.S. Ambassador Nicholas Burns insisted that the visit was nothing but routine. “The United States will not escalate and stands ready to work with China to prevent escalation altogether,” Burns said, according to the State Department.
The White House also said that Pelosi’s visit “doesn’t change anything” about the U.S. posture toward China and Taiwan. Press secretary Karine Jean-Pierre said the U.S. had expected the harsh reaction from China, even as she called it unwarranted.
“We are going to monitor, and we will manage what Beijing chooses to do,” she added.
Alarmed by the possibility of a new geo-strategic conflict at the same time the West sides with Ukraine in its resistance to Russia's invasion, the U.S. has rallied allies to its side.
The foreign ministers of the Group of 7 industrialized democracies released a statement Wednesday essentially telling China — by the initials of its formal name, the People's Republic of China — to calm down.
“It is normal and routine for legislators from our countries to travel internationally,” the G-7 ministers said. “The PRC’s escalatory response risks increasing tensions and destabilizing the region. We call on the PRC not to unilaterally change the status quo by force in the region, and to resolve cross-Strait differences by peaceful means.”
Still, that status quo — long identified as “strategic ambiguity” for the U.S. and quiet but determined Chinese opposition to any figment of Taiwanese independence — appears to be no longer tenable for either side.
“It’s getting harder and harder to agree on Taiwan for both Beijing and Washington,” said Jean-Pierre Cabestan, an emeritus professor at Hong Kong Baptist University.
In Taipei and the U.S. Congress, moves are afoot to clarify the ambiguity that has defined U.S. relations with Taiwan since the 1970s. The Senate Foreign Relations Committee will soon consider a bill that would strengthen relations, require the executive branch to do more to bring Taiwan into the international system and take more determined steps to help the island defend itself.
Writing in The New York Times, committee Chairman Robert Menendez, D-N.J., lambasted China's response to Pelosi's visit.
“The result of Beijing’s bluster should be to stiffen resolve in Taipei, in Washington and across the region,” he said. “There are many strategies to continue standing up to Chinese aggression. There is clear bipartisan congressional agreement on the importance of acting now to provide the people of Taiwan with the type of support they desperately need.”
But China appears to be pressing ahead with steps that could prove to be escalatory, including live-fire military exercises planned for this week and a steady uptick in flights of fighter jets in and near Taiwan's self-declared air defense zone.
“They are going to test the Taiwanese and the Americans,” said Cabestan, the professor in Hong Kong. He said the actions of the U.S. military in the area, including a naval force led by the aircraft carrier USS Ronald Reagan, will be critical.
China had ratcheted up potential confrontation weeks ago by declaring that the Taiwan Strait that separates the island from the mainland is not international waters. The U.S. rejected this and responded to by sending more vessels through it. Cabestan said that showed that “something had to be done on the U.S. side to draw red lines to prevent the Chinese from going too far."
Meanwhile, Taiwan is on edge, air raid shelters have been prepared and the government is increasing training for recruits serving their four months of required military service — generally considered inadequate — along with annual two-week annual refresher courses for reservists.
“The Chinese feel that if they don’t act, that the United States is going to continue to slice the salami to take incremental actions toward supporting Taiwan independence,” said Bonnie Glaser, a China expert at the Asia Program at the German Marshall Fund.
She said that domestic U.S. support for Taiwan actually gives China added incentive to take a strong stance: “China does feel under pressure to do more to signal that this is an issue in which China cannot compromise."
Despite the immediate concerns about escalation and potential miscalculation, there are others who don't believe the damage to U.S.-China ties will be more long-lasting than that caused by other, non-Taiwan-related issues.
China is “going to raise a huge fuss and there will be military exercises and there will be embargoes on importing Taiwan goods. And after the shouting is over, you will see a gradual easing,” said June Teufel Dreyer, a Chinese politics specialist at the University of Miami.
“The situation never goes back to completely normal, whatever normal is, but it will definitely die down,” she said.
___
AP writers Zeke Miller in Washington, Joe McDonald and Christopher Bodeen in Beijing and David Rising in Phnom Penh, Cambodia, contributed to this report. | https://www.greenwichtime.com/news/article/US-China-ties-on-a-precipice-after-Pelosi-visit-17348881.php | 2022-08-03T20:42:58Z | https://www.greenwichtime.com/news/article/US-China-ties-on-a-precipice-after-Pelosi-visit-17348881.php | true | 35 |
TORONTO, Aug. 3, 2022 /PRNewswire/ - Newtopia Inc. ("Newtopia" or the "Company") (TSXV: NEWU) (OTCQB: NEWUF), a tech-enabled whole health platform creating sustainable habits that prevent, slow, and reverse chronic disease, announced today that it will release its financial results for the quarter ended June 30, 2022, after market close on Wednesday, August 10, 2022. The Company will also host a conference call that day at 5:00 p.m. Eastern Time to discuss the second quarter 2022 results in further detail.
To access the conference call, please dial (877) 407-3982 (U.S.) or (201) 493-6780 (International) ten minutes prior to the start time. The call will also be available via live webcast on the investor relations portion of the Company's website located at newtopia.com/investors.
If you cannot listen to the conference call at its scheduled time, there will be a replay available through Wednesday, August 24, 2022, which can be accessed by dialing (844) 512-2921 (U.S.) or (412) 317-6671 (International) and entering the passcode 13730415. The webcast will also be archived on the Company's website.
Newtopia is a personalized whole health platform helping people create positive lifelong habits that prevent, slow, or reverse chronic disease while reducing healthcare costs. The platform leverages genetic, social and behavioral insights to create individualized prevention programs with a focus on metabolic disease, diabetes, mental health challenges, hypertension, weight management and musculoskeletal disorders. With a person-centered approach that combines virtual care, digital tools, connected devices and actionable data science, Newtopia delivers sustainable clinical and financial outcomes. Newtopia serves some of the largest nationwide employers and health plans and is currently listed in Canada on the Toronto Stock Exchange (TSXV: NEWU) and is quoted in the US on the OTCQB® Venture Market (OTCQB: NEWUF). To learn more, visit newtopia.com, Facebook, LinkedIn or Twitter.
View original content to download multimedia:
SOURCE Newtopia Inc. | https://www.wtvy.com/prnewswire/2022/08/03/newtopia-schedules-second-quarter-2022-earnings-release-conference-call/ | 2022-08-03T20:43:56Z | https://www.wtvy.com/prnewswire/2022/08/03/newtopia-schedules-second-quarter-2022-earnings-release-conference-call/ | false | 11 |
The State Public Prosecution, through a tweet published today on its social media accounts, clarified the penalty for publishing information on the information network for drug trafficking or promotion.
And in accordance with Article 31 of Federal Decree-Law No. 34 of 2021 regarding combating rumors and cybercrime, a penalty of temporary imprisonment and a fine of no less than (500,000) five hundred thousand dirhams and not more than (1,000,000) one million dirhams, or one of these two penalties
Whoever establishes, manages or supervises a website or publishes information on the information network, or an information technology means, for the trafficking or promotion of narcotics or psychotropic substances and the like, how they are used, or to facilitate dealing with them in cases other than those authorized by law.
Follow our latest local and sports news and the latest political and economic developments via Google news
#State #Public #Prosecution #clarifies #penalty #publishing #information #information #network #drug #trafficking #promotion | https://pledgetimes.com/the-state-public-prosecution-clarifies-the-penalty-for-publishing-information-on-the-information-network-for-drug-trafficking-or-promotion/ | 2022-08-03T20:45:14Z | https://pledgetimes.com/the-state-public-prosecution-clarifies-the-penalty-for-publishing-information-on-the-information-network-for-drug-trafficking-or-promotion/ | true | 1 |
In recognition of its achievements in airport accessibility, Miami International Airport (MIA) in Florida has received the Civil Rights Advocate and Partner Award from the Federal Aviation Administration (FAA).
MIA was recognized for its myMIAccess program, which provides a diverse menu of services for travelers with disabilities. Most recently, in May 2021, MIA became the first airport in the US to install wheelchair charging stations airport-wide. The charging stations offer people with electric mobility devices the opportunity to enjoy travel without the stress of low batteries. In November 2020, MIA opened its second multi-sensory room for passengers with cognitive and developmental disabilities to enjoy a calm environment while traveling. That same year, MIA became one of 10 US airports and 60 worldwide to provide sunflower lanyards free of charge to passengers with hidden disabilities. The lanyards are a discreet way to communicate to airport staff that those passengers may need more time or have additional questions while traveling.
MIA also hosts regular ADA Open Access Committee meetings, which provide an open forum for dialogue between airport users, airlines, service companies and airport leadership. The committee is led by a community member and disability advocate who acts as the chairperson in all meetings. The airport was given its award during the FAA’s 13th Annual National Civil Rights and Training Conference for Airports on July 28 – two days after the 32nd anniversary of the Americans with Disabilities Act (ADA) being signed into law on July 26, 1990. The award honors ADA coordinators and airport sponsors who have demonstrated excellence in meeting the letter and the spirit of the Americans with Disabilities Act and Section 504 of the Rehabilitation Act.
Ralph Cutié, director and CEO of MIA, said, “We are deeply honored to receive this award from the FAA, in recognition of our efforts to engage with the local disability community and provide a smoother travel experience for all. We take great pride in responding to the diverse needs of our travelers and in making our services more accessible and inclusive.”
Daniella Levine Cava, Mayor of Miami-Dade County, said, “Congratulations to the entire MIA team for once again being recognized as an industry leader in passenger accessibility. I am committed to making air travel easy, safe and accessible for all our visitors, regardless of disability, as we celebrate the anniversary of the Americans with Disabilities Act. My administration has prioritized accessibility across the government and county, including a fully funded and staffed ADA compliance office and the relaunching of an internship program for young people with disabilities. I’m extremely proud to see MIA bolster that commitment and be recognized with this prestigious honor from our federal government.” | https://www.passengerterminaltoday.com/news/passenger-experience/mia-earns-faas-airport-accessibility-award.html | 2022-08-03T20:45:53Z | https://www.passengerterminaltoday.com/news/passenger-experience/mia-earns-faas-airport-accessibility-award.html | false | 1 |
Hometown officer dies in crash 2 days after retiring from police department
HAMDEN, Conn. (WFSB/Gray News) - A former officer in Connecticut died in a crash two days after retiring from the police department.
According to the Hamden Police Department, Michael Pantera was killed in a crash on Tuesday; he retired on July 31 after spending 24 years with the police force.
Hamden police said Pantera would be remembered as a compassionate officer who deeply cared about the Hamden community – serving his hometown with honor and distinction throughout his career.
WFSB reports Hamden Mayor Lauren Garrett offered her condolences to Pantera’s family and friends and ordered flags at half-mast to honor the former officer.
Officials didn’t release immediate details about the crash that took Pantera’s life but said it occurred in North Branford, Connecticut.
Copyright 2022 WFSB via Gray Media Group, Inc. All rights reserved. | https://www.westernmassnews.com/2022/08/03/hometown-officer-dies-crash-2-days-after-retiring-police-department/ | 2022-08-03T20:46:13Z | https://www.westernmassnews.com/2022/08/03/hometown-officer-dies-crash-2-days-after-retiring-police-department/ | true | null |
Republican U.S. Rep. Jackie Walorski killed Wednesday in crash, her office says
WASHINGTON (AP) — Republican U.S. Rep. Jackie Walorski was killed Wednesday in a car accident in her northern Indiana District, according to her office.
“Jackie’s husband was just informed by the Elkhart County Sheriff’s office that Jackie was killed in a car accident this afternoon. She has returned home to be with her Lord and Savior, Jesus Christ. Please keep her family in your thoughts and prayers. We will have no further comment at this time,” her office said in a statement.
The Elkhart County Sheriff’s Office said they were called to the scene of a two-vehicle crash shortly after noon. Police said a car traveled left of the center lane and collided head-on with an SUV Walorski was riding in, killing Walorski, 58, and two others in the vehicle.
A 55-year-old woman driving the other car was also killed in the crash, police said.
Walorski, who served on the House Ways and Means Committee, was first elected to represent Indiana’s 2nd Congressional District in 2012. She previously served three terms in the state’s legislature.
Walorski, was born in South Bend and lived near Elkhart, Indiana. She and her husband were previously missionaries in Romania, where they established a foundation that provided food and medical supplies to impoverished children. She worked as a television news reporter in South Bend before her turn to politics.
Copyright 2022 Associated Press. All rights reserved. | https://www.ky3.com/2022/08/03/republican-us-rep-jackie-walorski-indiana-was-killed-wednesday-car-accident-her-office-says/ | 2022-08-03T20:46:21Z | https://www.ky3.com/2022/08/03/republican-us-rep-jackie-walorski-indiana-was-killed-wednesday-car-accident-her-office-says/ | false | 18 |
6-year-old recovering in ICU after being run over by bulldozer
FRANKLIN, Texas (KBTX/Gray News) – A 6-year-old boy in Texas is recovering in the intensive care unit after he was run over by a bulldozer last week.
The accident happened July 27 when Bodie Boring was on a job site with his dad, according to his mom Samantha Boring.
Boring said her son’s injuries include fractures in his pelvis, two bruised lungs, a skull fracture, a blood clot in his brain and a brain bleed.
To make matters worse, Bodie tested positive for COVID-19 on Monday while in the hospital. Boring said her son had a 103-degree fever, but that has now broken, and he is feeling better.
Before coming down with COVID, Bodie began walking again on Sunday. His mom said Bodie’s journey to recovery would be long, but she’s confident he will conquer it.
“He has amazed me so much,” Boring said. “His spirit has been so positive this whole time. Even in his worst pain, he’s just been amazing.”
Boring has documented her son’s journey on Facebook, and his cousin Magen Boring started a GoFundMe to help cover medical costs.
“He’s just also been really amazed to see everybody who cares about him and how many people are praying for him,” Magen Boring said.
Copyright 2022 KBTX via Gray Media Group, Inc. All rights reserved. | https://www.wrdw.com/2022/08/03/6-year-old-recovering-icu-after-being-run-over-by-bulldozer/ | 2022-08-03T20:46:21Z | https://www.wrdw.com/2022/08/03/6-year-old-recovering-icu-after-being-run-over-by-bulldozer/ | true | 13 |
Español
Italiano
Français
My Account
My Account
Notifications
Log In
QQQ
–
–%
DIA
–
–%
SPY
–
–%
TLT
–
–%
GLD
–
–%
BTC/USD
–
–%
Data & APIs
Events
Marketfy
Premarket
Contribute
Español
Italiano
Français
Sign in
News
Earnings
Guidance
Dividends
M&A
Buybacks
Legal
Interviews
Management
Retail Sales
Offerings
IPOs
Insider Trades
Biotech/FDA
Freight
Politics
Government
Healthcare
Markets
Pre-Market
After Hours
Movers
ETFs
Forex
Cannabis
Commodities
Options
Binary Options
Bonds
Futures
CME Group
Global Economics
Previews
Small-Cap
Cryptocurrency
Penny Stocks
Digital Securities
Ratings
Analyst Color
Downgrades
Upgrades
Initiations
Price Target
Ideas
Trade Ideas
Long Ideas
Short Ideas
Technicals
From The Press
Jim Cramer
Rumors
Best Stocks & ETFs
Best Penny Stocks
Best S&P 500 ETFs
Best Swing Trade Stocks
Best Blue Chip Stocks
Best High-Volume Penny Stocks
Best Small Cap ETFs
Fintech
News
Podcast
Personal Finance
Compare Online Brokers
Stock Brokers
Forex Brokers
Futures Brokers
Crypto Brokers
Options Brokers
ETF Brokers
Mutual Fund Brokers
Index Fund Brokers
Bond Brokers
Short Selling Brokers
Stock Apps
All Broker Reviews
Insurance
Auto
Home
Medicare
Life
Vision
Dental
Business
Pet
Health
Motorcycle
Renters
Workers Comp
Top Stocks
Penny Stocks
Stocks Under $5
Stocks Under $10
Stocks Under $20
Stocks Under $50
Stocks Under $100
Alternative Investing
Invest in Art
Invest in Land
Invest in Real Estate
Invest in Wine
Invest in Gold
Mortgages
Refinance
Purchase
Find a Mortgage Broker
Alts
Best Real Estate Crowdfunding Platforms
REITs Versus Crowdfunding
How to Invest in Artwork
Best Alternative Investments
Best Alternative Investment Platforms
Crypto
Get Started
Is Bitcoin a Good Investment?
Is Ethereum a Good Investment?
What is Blockchain
Best Altcoins
How to Buy Cryptocurrency?
DeFi
Crypto and DeFi 101
What is DeFi?
Decentralized Exchanges
Best DeFi Yield Farms
Digital Securities
NFTs
NFT Release Calendar
What is a Non-Fungible Token (NFT)?
How to Buy Non-Fungible Tokens (NFTs)
CryptoPunks Watchlist
Are NFTs a Scam or a Digital Bubble?
Best In Crypto
Best Crypto Apps
Best Crypto Portfolio Trackers
Best Crypto Day Trading Strategies
Best Crypto IRA
Best Cryptocurrency Scanners
Best Business Crypto Accounts
Best Crypto Screeners
Cannabis
News
Earnings
Interviews
Deals
Regulations
Psychedelics
TV
Watch
YouTube
Podcasts
Trading School
Personal Finance
Compare Online Brokers
Stock Brokers
Forex Brokers
Futures Brokers
Crypto Brokers
Options Brokers
ETF Brokers
Mutual Fund Brokers
Index Fund Brokers
Bond Brokers
Short Selling Brokers
Stock Apps
All Broker Reviews
Insurance
Auto
Home
Medicare
Life
Vision
Dental
Business
Pet
Health
Motorcycle
Renters
Workers Comp
Top Stocks
Penny Stocks
Stocks Under $5
Stocks Under $10
Stocks Under $20
Stocks Under $50
Stocks Under $100
Alternative Investing
Invest in Art
Invest in Land
Invest in Real Estate
Invest in Wine
Invest in Gold
Mortgages
Refinance
Purchase
Find a Mortgage Broker
Alts
Best Real Estate Crowdfunding Platforms
REITs Versus Crowdfunding
How to Invest in Artwork
Best Alternative Investments
Best Alternative Investment Platforms
Crypto
Get Started
Is Bitcoin a Good Investment?
Is Ethereum a Good Investment?
What is Blockchain
Best Altcoins
How to Buy Cryptocurrency?
DeFi
Crypto and DeFi 101
What is DeFi?
Decentralized Exchanges
Best DeFi Yield Farms
Digital Securities
NFTs
NFT Release Calendar
What is a Non-Fungible Token (NFT)?
How to Buy Non-Fungible Tokens (NFTs)
CryptoPunks Watchlist
Are NFTs a Scam or a Digital Bubble?
Best In Crypto
Best Crypto Apps
Best Crypto Portfolio Trackers
Best Crypto Day Trading Strategies
Best Crypto IRA
Best Cryptocurrency Scanners
Best Business Crypto Accounts
Best Crypto Screeners
Cannabis
News
Earnings
Interviews
Deals
Regulations
Psychedelics
TV
Watch
YouTube
Podcasts
Trading School
My Stocks
Tools
Calendars
Analyst Ratings Calendar
Dividend Calendar
Conference Call Calendar
Earnings Calendar
Economic Calendar
FDA Calendar
Guidance Calendar
IPO Calendar
M&A Calendar
Retail Sales Calendar
SPAC Calendar
Stock Split Calendar
Trade Ideas
Insider Trades
Trade Idea Feed
Analyst Ratings
Unusual Options Activity
Heatmaps
Short Interest
Most Shorted
Largest Increase
Largest Decrease
Calculators
Margin Calculator
100x Options Profit Calculator
Premium
QQQ
–
–%
DIA
–
–%
SPY
–
–%
TLT
–
–%
GLD
–
–%
BTC/USD
–
–%
FRANK FUNDS (FormN-PX)
Accepted:
Form Type:
N-PX
Accession Number:
0001162044-22-000881 | https://www.benzinga.com/secfilings/22/08/28295459/frank-funds-formn-px | 2022-08-03T20:47:09Z | https://www.benzinga.com/secfilings/22/08/28295459/frank-funds-formn-px | true | 254241 |
Medium
Frequently used
We're seeing significant engagement with this asset.
Stock Photo ID: 6302011
Important information
Release information: Signed model release on file with Shutterstock, Inc.
Photo Formats
2592 × 3888 pixels • 8.6 × 13 in • DPI 300 • JPG
667 × 1000 pixels • 2.2 × 3.3 in • DPI 300 • JPG
334 × 500 pixels • 1.1 × 1.7 in • DPI 300 • JPG
Photo Contributor | https://www.shutterstock.com/image-photo/beautiful-women-using-laptop-on-floor-6302011 | 2022-08-03T20:48:52Z | https://www.shutterstock.com/image-photo/beautiful-women-using-laptop-on-floor-6302011 | true | null |
THOUSAND OAKS, Calif., Aug. 3, 2022 /PRNewswire/ -- Amgen (NASDAQ:AMGN) today announced that its Board of Directors declared a $1.94 per share dividend for the third quarter of 2022. The dividend will be paid on September 8, 2022, to all stockholders of record as of the close of business on August 18, 2022.
About Amgen
Amgen is committed to unlocking the potential of biology for patients suffering from serious illnesses by discovering, developing, manufacturing and delivering innovative human therapeutics. This approach begins by using tools like advanced human genetics to unravel the complexities of disease and understand the fundamentals of human biology.
Amgen focuses on areas of high unmet medical need and leverages its expertise to strive for solutions that improve health outcomes and dramatically improve people's lives. A biotechnology pioneer since 1980, Amgen has grown to be one of the world's leading independent biotechnology companies, has reached millions of patients around the world and is developing a pipeline of medicines with breakaway potential.
Amgen is one of the 30 companies that comprise the Dow Jones Industrial Average and is also part of the Nasdaq-100 index. In 2021, Amgen was named one of the 25 World's Best Workplaces™ by Fortune and Great Place to Work™ and one of the 100 most sustainable companies in the world by Barron's.
For more information, visit www.amgen.com and follow us on www.twitter.com/amgen.
Amgen Forward-Looking Statements
This news release contains forward-looking statements that are based on the current expectations and beliefs of Amgen. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including any statements on the outcome, benefits and synergies of collaborations, or potential collaborations, with any other company (including BeiGene, Ltd., Kyowa-Kirin Co., Ltd., or any collaboration to manufacture therapeutic antibodies against COVID-19), the performance of Otezla® (apremilast) (including anticipated Otezla sales growth and the timing of non-GAAP EPS accretion), the Five Prime Therapeutics, Inc. acquisition, or the Teneobio, Inc. acquisition, as well as estimates of revenues, operating margins, capital expenditures, cash, other financial metrics, expected legal, arbitration, political, regulatory or clinical results or practices, customer and prescriber patterns or practices, reimbursement activities and outcomes, effects of pandemics or other widespread health problems such as the ongoing COVID-19 pandemic on our business, and other such estimates and results. Forward-looking statements involve significant risks and uncertainties, including those discussed below and more fully described in the Securities and Exchange Commission reports filed by Amgen, including our most recent annual report on Form 10-K and any subsequent periodic reports on Form 10-Q and current reports on Form 8-K. Unless otherwise noted, Amgen is providing this information as of the date of this news release and does not undertake any obligation to update any forward-looking statements contained in this document as a result of new information, future events or otherwise.
No forward-looking statement can be guaranteed and actual results may differ materially from those we project. Our results may be affected by our ability to successfully market both new and existing products domestically and internationally, clinical and regulatory developments involving current and future products, sales growth of recently launched products, competition from other products including biosimilars, difficulties or delays in manufacturing our products and global economic conditions. In addition, sales of our products are affected by pricing pressure, political and public scrutiny and reimbursement policies imposed by third-party payers, including governments, private insurance plans and managed care providers and may be affected by regulatory, clinical and guideline developments and domestic and international trends toward managed care and healthcare cost containment. Furthermore, our research, testing, pricing, marketing and other operations are subject to extensive regulation by domestic and foreign government regulatory authorities. We or others could identify safety, side effects or manufacturing problems with our products, including our devices, after they are on the market. Our business may be impacted by government investigations, litigation and product liability claims. In addition, our business may be impacted by the adoption of new tax legislation or exposure to additional tax liabilities. If we fail to meet the compliance obligations in the corporate integrity agreement between us and the U.S. government, we could become subject to significant sanctions. Further, while we routinely obtain patents for our products and technology, the protection offered by our patents and patent applications may be challenged, invalidated or circumvented by our competitors, or we may fail to prevail in present and future intellectual property litigation. We perform a substantial amount of our commercial manufacturing activities at a few key facilities, including in Puerto Rico, and also depend on third parties for a portion of our manufacturing activities, and limits on supply may constrain sales of certain of our current products and product candidate development. An outbreak of disease or similar public health threat, such as COVID-19, and the public and governmental effort to mitigate against the spread of such disease, could have a significant adverse effect on the supply of materials for our manufacturing activities, the distribution of our products, the commercialization of our product candidates, and our clinical trial operations, and any such events may have a material adverse effect on our product development, product sales, business and results of operations. We rely on collaborations with third parties for the development of some of our product candidates and for the commercialization and sales of some of our commercial products. In addition, we compete with other companies with respect to many of our marketed products as well as for the discovery and development of new products. Discovery or identification of new product candidates or development of new indications for existing products cannot be guaranteed and movement from concept to product is uncertain; consequently, there can be no guarantee that any particular product candidate or development of a new indication for an existing product will be successful and become a commercial product. Further, some raw materials, medical devices and component parts for our products are supplied by sole third-party suppliers. Certain of our distributors, customers and payers have substantial purchasing leverage in their dealings with us. The discovery of significant problems with a product similar to one of our products that implicate an entire class of products could have a material adverse effect on sales of the affected products and on our business and results of operations. Our efforts to collaborate with or acquire other companies, products or technology, and to integrate the operations of companies or to support the products or technology we have acquired, may not be successful. A breakdown, cyberattack or information security breach could compromise the confidentiality, integrity and availability of our systems and our data. Our stock price is volatile and may be affected by a number of events. Our business and operations may be negatively affected by the failure, or perceived failure, of achieving our environmental, social and governance objectives. The effects of global climate change and related natural disasters could negatively affect our business and operations. Global economic conditions may magnify certain risks that affect our business. Our business performance could affect or limit the ability of our Board of Directors to declare a dividend or our ability to pay a dividend or repurchase our common stock. We may not be able to access the capital and credit markets on terms that are favorable to us, or at all.
CONTACT: Amgen, Thousand Oaks
Jessica Akopyan, 805-447-0974 (media)
Arvind Sood, 805-447-1060 (investors)
View original content to download multimedia:
SOURCE Amgen | https://www.kwtx.com/prnewswire/2022/08/03/amgen-announces-2022-third-quarter-dividend/ | 2022-08-03T20:49:04Z | https://www.kwtx.com/prnewswire/2022/08/03/amgen-announces-2022-third-quarter-dividend/ | false | 31 |
Liz Truss's UK tax plans risk 1970s inflation spiral-former minister
LONDON, Aug 3 (Reuters) - Tax cuts promised by British Conservative leadership frontrunner Liz Truss risk a repeat of the spiralling inflation of the 1970s, former British finance minister Nigel Lawson said on Wednesday, backing her rival for the top job, Rishi Sunak.
The question of tax has dominated the campaign to replace Boris Johnson as prime minister, with former finance minister Sunak saying he would wait until inflation is under control before reducing taxes, while foreign minister Truss has promised immediate tax cuts for both individuals and businesses.
In the early 1970s, Conservative prime minister Edward Heath's "dash for growth" policy contributed to inflation spiralling out of control by the mid-1970s.
"We saw the impact of rising prices, crippling the economy and putting millions out of work. Savings were eroded and investment collapsed. I am profoundly concerned that we are in danger of repeating the mistakes of that decade," Lawson, finance minister under Margaret Thatcher, wrote in the Telegraph.
Whoever triumphs when the result is announced on Sept. 5 will inherit some of the most difficult conditions in Britain in decades. Inflation is on course to hit 11% annually, growth is stalling, and industrial action is on the rise.
Lawson said he and Thatcher were in agreement that the only way to substantial, lasting tax cuts was first to tackle inflation and put the economy on a sound footing.
Truss's pledges for tax cuts, which she has argued will not be inflationary, were "uncomfortably reminiscent of the missteps of the Tory government of 50 years ago", Lawson said.
"The country will not forgive our great party if we forget that lesson," he said. (Reporting by Kylie MacLellan, editing by Deepa Babington) | https://www.dailymail.co.uk/wires/reuters/article-11078409/Liz-Trusss-UK-tax-plans-risk-1970s-inflation-spiral-former-minister.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-03T20:49:06Z | https://www.dailymail.co.uk/wires/reuters/article-11078409/Liz-Trusss-UK-tax-plans-risk-1970s-inflation-spiral-former-minister.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | true | 2 |
You have viewed over 50 articles in the last 12 months.
Support insidethegames.biz for as little as £10
For nearly 15 years now, insidethegames.biz has been at the forefront of reporting fearlessly on what happens in the Olympic Movement. As the first website not to be placed behind a paywall, we have made news about the International Olympic Committee, the Olympic and Paralympic Games, the Commonwealth Games and other major events more accessible than ever to everybody.
insidethegames.biz has established a global reputation for the excellence of its reporting and breadth of its coverage. For many of our readers from more than 200 countries and territories around the world the website is a vital part of their daily lives. The ping of our free daily email alert, sent every morning at 6.30am UK time 365 days a year, landing in their inbox, is as a familiar part of their day as their first cup of coffee.
Even during the worst times of the COVID-19 pandemic, insidethegames.biz maintained its high standard of reporting on all the news from around the globe on a daily basis. We were the first publication in the world to signal the threat that the Olympic Movement faced from the coronavirus and have provided unparalleled coverage of the pandemic since.
As the world begins to emerge from the COVID crisis, insidethegames.biz would like to invite you to help us on our journey by funding our independent journalism. Your vital support would mean we can continue to report so comprehensively on the Olympic Movement and the events that shape it. It would mean we can keep our website open for everyone. Last year, nearly 25 million people read insidethegames.biz, making us by far the biggest source of independent news on what is happening in world sport.
Every contribution, however big or small, will help maintain and improve our worldwide coverage in the year ahead. Our small and dedicated team were extremely busy last year covering the re-arranged Olympic and Paralympic Games in Tokyo, an unprecedented logistical challenge that stretched our tight resources to the limit.
The remainder of 2022 is not going to be any less busy, or less challenging. We had the Winter Olympic and Paralympic Games in Beijing, where we sent a team of four reporters, and coming up are the Commonwealth Games in Birmingham, the Summer World University and Asian Games in China, the World Games in Alabama and multiple World Championships. Plus, of course, there is the FIFA World Cup in Qatar.
Unlike many others, insidethegames.biz is available for everyone to read, regardless of what they can afford to pay. We do this because we believe that sport belongs to everybody, and everybody should be able to read information regardless of their financial situation. While others try to benefit financially from information, we are committed to sharing it with as many people as possible. The greater the number of people that can keep up to date with global events, and understand their impact, the more sport will be forced to be transparent.
Support insidethegames.biz for as little as £10 - it only takes a minute. If you can, please consider supporting us with a regular amount each month. Thank you. | https://www.insidethegames.biz/articles/1126565/usa-skateboarding-appoints-new-chair | 2022-08-03T20:49:49Z | https://www.insidethegames.biz/articles/1126565/usa-skateboarding-appoints-new-chair | true | 2659 |
NASHVILLE, Tenn. (CBS DETROIT) — Police say a woman wanted in the stabbing death of an Oakland County man in Nashville was taken into custody.
According to the Metropolitan Nashville Police Department, 32-year-old Christina Nicole Walker allegedly stabbed 44-year-old Charles Eric Wyche, of Troy, in a room at HomeTown Studios in Nashville.
READ MORE: Lions Rookie Hutchinson Earning Praise From Teammates, CoachesREAD MORE: Two Killed After Plane Crash Near South Haven
Wyche was found in the second-floor room shortly after 6 a.m. on Monday.
Police say Walker was later located at an apartment on Glastonbury Road in Nashville and was arrested without incident.
MORE NEWS: Costick Center In Farmington Hills Opens As Cooling Center Amid Anticipated Extreme Heat© 2022 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. | https://cwdetroit.cbslocal.com/2022/08/03/nashville-police-arrest-woman-32-accused-of-fatally-stabbing-oakland-county-man/ | 2022-08-03T20:52:00Z | https://cwdetroit.cbslocal.com/2022/08/03/nashville-police-arrest-woman-32-accused-of-fatally-stabbing-oakland-county-man/ | false | 2 |
New Delhi: The government has blocked 348 mobile applications that were identified by the Home Ministry for transmitting users' information in an unauthorised manner to servers located outside the country, Parliament was informed on Wednesday.
Minister of state for electronics and IT Rajeev Chandrasekhar in a written reply to the Lok Sabha said the apps are developed by various countries, including China.
"Based on the request from MHA, the Ministry of Electronics and Information Technology (MeitY) has blocked those 348 mobile applications since such data transmissions infringes the sovereignty and integrity of India, defence of India and security of the State," he said.
There was no mention of the time period when these 348 apps were blocked by the Meity.
Click on Deccan Chronicle Technology and Science for the latest news and reviews. Follow us on Facebook, Twitter.
... | https://www.deccanchronicle.com/technology/in-other-news/040822/meity-blocks-348-apps-identified-by-home-ministry-mos-it.html | 2022-08-03T20:52:00Z | https://www.deccanchronicle.com/technology/in-other-news/040822/meity-blocks-348-apps-identified-by-home-ministry-mos-it.html | true | null |
Record Quarterly Revenue of $73.4 Million
Second Quarter Revenue Up 21% Year-Over-Year
14 Consecutive Quarters of 98% Gross Revenue Retention
Operating Cash Flow Generation of $18.3 Million in the Quarter
BOISE, Idaho, Aug. 3, 2022 /PRNewswire/ -- Clearwater Analytics Holdings, Inc. (NYSE: CWAN) ("Clearwater Analytics" or the "Company"), an industry-leading SaaS solution for automated investment data aggregation, reconciliation, accounting, and reporting, announced today its financial results for the quarter ended June 30, 2022.
"Clearwater Analytics posted another strong quarter and continues to grow by adding marquee new clients across the globe. For both new and existing clients, efficient operations and a deep understanding of investment risk and compliance are critical business functions that make Clearwater Analytics a mission-critical partner," said Sandeep Sahai, Chief Executive Officer. "We continue to win clients and displace our competitors, reflecting the strength and value that our next-generation technology offers. Now more than ever, our clients rely on Clearwater Analytics to help them navigate through the ebbs and flows of market uncertainty with daily intelligence that informs their investments in new securities and strategies."
Second Quarter 2022 Financial Results Summary
- Revenue: Total revenue for the second quarter of 2022 reached $73.4 million, an increase of 20.6%, from $60.9 million in the second quarter of 2021.
- Gross Profit: Gross profit for the second quarter of 2022 was $52.5 million, compared with $45.3 million in the second quarter of 2021. Non-GAAP gross profit for the second quarter of 2022 was $55.6 million, which equates to a 75.7% non-GAAP gross margin.
- Net Income/(Loss): Net loss for the second quarter of 2022 was $2.2 million compared with net loss of $0.2 million in the second quarter of 2021. In the second quarter of 2022, the Company recorded a $3.1 million expense related to its Tax Receivable Agreement. Non-GAAP net income for the second quarter of 2022 increased by 119% to $13.3 million from $6.1 million in the second quarter of 2021.
- Adjusted EBITDA: Adjusted EBITDA for the second quarter of 2022 was $19.1 million, compared with $17.4 million in the second quarter of 2021. Adjusted EBITDA margin for the second quarter of 2022 was 26.0% reflecting the Company's ability to balance incremental investments in sales and marketing and research and development with earnings in the quarter.
- Cash Flows: Operating cash flows for the second quarter were $18.3 million and free cash flows were $16.5 million reflecting an 87% conversion of Adjusted EBITDA to free cash flow.
- Net Income/(Loss) Per Share and Non-GAAP Net Income Per Share attributable to Clearwater Analytics Holdings, Inc.: Net loss per basic and diluted share was $0.01 and non-GAAP net income per diluted share was $0.05 in the second quarter of 2022.
- Cash: Cash, cash equivalents and short-term investments were $281.6 million as of June 30, 2022.
Second Quarter 2022 Key Metrics Summary
- Annualized Recurring Revenue: As of June 30, 2022, annualized recurring revenue ("ARR") reached $290.4 million, an increase of 18.5% from $245.0 million as of June 30, 2021.
ARR is calculated at the end of a period by dividing the recurring revenue in the last month of such period by the number of days in the month and multiplying by 365.
- Gross Revenue Retention Rate: As of June 30, 2022, the gross revenue retention rate was 98%. The Company has reported a gross revenue retention rate of 98% for fourteen consecutive quarters.
Gross revenue retention rate represents annual contract value ("ACV") at the beginning of the 12-month period ended on the reporting date less client attrition over the prior 12-month period, divided by ACV at the beginning of the 12-month period, expressed as a percentage. ACV is comprised of annualized recurring revenue plus contracted-not-billed revenue, which represents the estimated annual contracted revenue for new and existing client opportunities prior to revenue recognition.
- Net Revenue Retention Rate: As of June 30, 2022, the net revenue retention rate was 104% which is a decline from 107% as of March 31, 2022. With the unusual market conditions of the equity markets and fixed income securities having both fallen in concert, the Company saw a 3% decline in the net revenue retention rate in the second quarter.
Net revenue retention rate is the percentage of recurring revenue from clients on the platform for 12 months and includes changes from the addition, removal, or value of assets on our platform, contractual changes that have an impact to annualized recurring revenues and lost revenue from client attrition.
Recent Business Highlights
- As another example of high growth businesses needing timely and accurate investment accounting, Sutton RE, a proven provider of specialized reinsurance solutions across the globe, selected Clearwater Analytics' best-in-class technology to manage their operations across more than $29 billion assets under management spanning a diverse and complex portfolio of investments.
- Clearwater Analytics added its first public pension fund client, the Public Employee Retirement System of Idaho ("PERSI") which manages more than $23 billion in assets, to its SaaS platform to provide data aggregation and reporting for the 850 employer organizations and more than 170,000 individuals served in the State of Idaho by PERSI.
- One of Asia's leading non-life insurance brands, MSIG, with a presence in 50 countries and regions globally, selected Clearwater Analytics to support its transformation strategy. MSIG's Asia headquarters along with its business units in Hong Kong, Malaysia and Thailand will standardize their operating model, and adopt Clearwater Analytics for a consolidated view of data, analytics, accounting, regulatory, and operational reporting.
- Clearwater Analytics hosted its European Clearwater Connect conference in London. More than 100 current and prospective Clearwater Analytics users seized the opportunity to significantly enhance their knowledge of the world's most comprehensive investment accounting solution.
- Clearwater Analytics continues to receive industry recognition for its innovative investment accounting solution. In the second quarter of 2022, it was honored with the IASA Solution Provider of the Year award and the FTF News Award for best client reporting solution for the second consecutive year.
Third Quarter and Full-Year 2022 Guidance
Certain components of the guidance given above are provided on a non-GAAP basis only without providing a reconciliation to guidance provided on a GAAP basis. Information is presented in this manner, consistent with Securities and Exchange Commission (the "SEC") rules, because the preparation of such a reconciliation could not be accomplished without "unreasonable efforts." The Company does not have access to certain information that would be necessary to provide such a reconciliation, including non-recurring items that are not indicative of the Company's ongoing operations. The Company does not believe that this information is likely to be significant to an assessment of the Company's ongoing operations.
Conference Call Details
Clearwater Analytics will hold a conference call and webcast on August 3, 2022, at 5:00 p.m. Eastern time to discuss second quarter 2022 financial results, provide a general business update, and respond to analyst questions.
A live webcast of the call will also be available on the Company's investor relations website. Please visit investors.clearwateranalytics.com at least fifteen minutes prior to the start of the event to register, download and install any necessary audio software.
If you are unable to participate live, a replay of the webcast will be available following the conference call on the Company's investor relations website, along with the earnings press release, and related financial tables.
About Clearwater Analytics
Clearwater Analytics is a global industry-leading SaaS solution for automated investment data aggregation, reconciliation, accounting, compliance, risk, performance, and reporting. Each day, the Clearwater solution reports on more than $5.9 trillion in assets for clients that include leading insurers, asset managers, corporations, pension plans, governments, and nonprofit organizations – helping them make the most of their investment portfolio data with a world-class product and client-centric servicing. Investment professionals around the globe trust Clearwater to deliver timely, validated investment data and analytics. Additional information about Clearwater can be found at clearwateranalytics.com, LinkedIn, and Twitter.
Use of non-GAAP Information
This press release contains certain non-GAAP measures, including non-GAAP gross profit, non-GAAP gross margin, adjusted EBITDA, adjusted EBITDA margin, non-GAAP net income, non-GAAP net income per diluted share and free cash flow.
The non-GAAP measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similar measures presented by other companies. However, the Company believes that this non-GAAP information is useful as an additional means for investors to evaluate its operating performance, when reviewed in conjunction with its GAAP financial statements. These measures should not be considered in isolation or as a substitute for measures prepared in accordance with GAAP, and because these amounts are not determined in accordance with GAAP, they should not be used exclusively in evaluating the Company's business and operations. In addition, undue reliance should not be placed upon non-GAAP or operating information because this information is neither standardized across companies nor subjected to the same control activities and audit procedures that produce the Company's GAAP financial results.
The Company's non-GAAP statement of operations measures, including non-GAAP gross profit, non-GAAP gross margin, adjusted EBITDA, adjusted EBITDA margin, non-GAAP net income, non-GAAP net income per diluted share and free cash flow, are adjusted to exclude the impact of certain costs, expenses, gains and losses and other specified items that management believes are not indicative of its ongoing operations. These adjusted measures exclude the impact of share-based compensation and eliminate potential differences in results of operations between periods caused by factors such as financing and capital structures, taxation positions or regimes, restructuring, impairment and other charges. Please refer to the reconciliations of these measures below to what the Company believes are the most directly comparable measures evaluated in accordance with GAAP.
Use of Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's beliefs and assumptions and on information currently available to management. Forward-looking statements include information concerning the Company's possible or assumed future results of operations, business strategies, technology developments, financing and investment plans, dividend policy, competitive position, industry, economic and regulatory environment, potential growth opportunities and the effects of competition. Forward-looking statements include statements that are not historical facts and can be identified by terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "seek," "should," "will," "would" or similar expressions and the negatives of those terms, but are not the exclusive means of identifying such statements.
Forward-looking statements involve known and unknown risks, uncertainties, and other factors, many of which are beyond Clearwater Analytics' control, that may cause the Company's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks and uncertainties may cause actual results to differ materially from Clearwater Analytics' current expectations and include, but are not limited to, the Company's ability to keep pace with rapid technological change and competitors in its industry, the possibility that market volatility, a downturn in economic conditions or other factors may cause negative trends or fluctuations in the value of the assets on the Company's platform, the Company's ability to manage growth, the Company's ability to attract and retain skilled employees, the possibility that the Company's solutions fail to perform properly, disruptions and failures in the Company's and third parties' computer equipment, cloud-based services, electronic delivery systems, networks and telecommunications systems and infrastructure, the failure to protect the Company, its customers' and/or its vendors' confidential information and/or intellectual property, claims of infringement of others' intellectual property, factors related to the Company's ownership structure and status as a "controlled company" as well as other risks and uncertainties detailed in Clearwater Analytics' periodic public filings with the SEC, including but not limited to those discussed under "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2021 filed on March 16, 2022, and in other periodic reports filed by Clearwater Analytics with the SEC. These filings are available at www.sec.gov and on Clearwater Analytics' website.
Given these uncertainties, you should not place undue reliance on forward-looking statements. Also, forward-looking statements represent management's beliefs and assumptions only as of the date of this press release and should not be relied upon as representing Clearwater Analytics' expectations or beliefs as of any date subsequent to the time they are made. Clearwater Analytics does not undertake to and specifically declines any obligation to update any forward-looking statements that may be made from time to time by or on behalf of Clearwater Analytics.
View original content to download multimedia:
SOURCE Clearwater Analytics, LLC | https://www.wbko.com/prnewswire/2022/08/03/clearwater-analytics-announces-second-quarter-2022-financial-results/ | 2022-08-03T20:52:34Z | https://www.wbko.com/prnewswire/2022/08/03/clearwater-analytics-announces-second-quarter-2022-financial-results/ | false | 12 |
LOS ANGELES, Aug. 3, 2022 /PRNewswire/ -- Revolve Group, Inc. (NYSE: RVLV), the next-generation fashion retailer for Millennial and Generation Z consumers, today announced financial results for the second quarter ended June 30, 2022.
"We delivered strong results in the second quarter, highlighted by record net sales that increased 27% year-over-year, gross margin expansion to record levels for a second quarter, and continued strong growth in active customers," said co-founder and co-CEO Mike Karanikolas. "We delivered these results despite macroeconomic conditions that became more challenging as the quarter progressed, creating cost pressures that impacted profitability, and also contributed to a moderating year-over-year growth trend in net sales in June that has continued into the third quarter."
"Over our nearly 20 years of operating history, we believe we have demonstrated a unique track record for outperforming the competition in times of disruption and volatility, and we have complete confidence in our team's ability to continue to execute through even the most challenging circumstances," said co-founder and co-CEO Michael Mente. "I'm excited about our future and believe that our strong team, data centric culture, entrepreneurial spirit, operational excellence, and strong connection with the next-generation consumer position us to gain further market share in the months and years ahead."
Second Quarter 2022 Financial Summary
Operational Metrics
Additional Second Quarter 2022 Metrics and Results Commentary
- Continued strong growth in active customers was a key driver of our results, highlighted by quarterly growth of approximately 124,000 active customers during the second quarter of 2022, the highest ever for a second quarter. Total active customers grew to 2.2 million, an increase of 39% year-over-year.
- Total net sales were a record $290.1 million, an increase of 27% year-over-year.
- Gross margin was 55.9%, an increase of 29 basis points year-over-year, and our highest-ever gross margin for a second quarter.
- Growth in total operating expenses outpaced our year-over-year growth in net sales, primarily due to deleverage in selling and distribution costs. In particular, we experienced a higher return rate year-over-year with normalizing product mix being a key contributor as dresses grew to 32% of net sales in the second quarter of 2022 from 24% in the second quarter of 2021. Selling and distribution costs also reflect significantly increased fuel surcharges on customer shipments due to higher fuel prices. In addition, as expected, we increased our marketing investments as a percentage of net sales year-over-year in the second quarter with the return of REVOLVE Festival, our largest brand marketing event, after a two-year hiatus. Lastly, within our general and administrative expenses we have established an accrual for a pending legal matter.
- Our effective tax rate for the prior-year comparable period in the second quarter of 2021 was an unusually low 3%, primarily due to excess tax benefits realized as a result of the exercise of non-qualified stock options. Absent such discrete tax items in future quarters, we expect our effective tax rate to be around 25%.
- Net income was $16.3 million, a year-over-year decrease of 48%, a comparison that was impacted by the meaningful differences in our effective tax rate and the growth in operating expenses referenced above.
- Adjusted EBITDA was $26.9 million, a year-over-year decrease of 24%.
- Diluted earnings per share (EPS) was $0.22, a year-over-year decrease of 48%.
Additional Net Sales Commentary
- REVOLVE segment net sales were $244.7 million, an increase of 30% year-over-year.
- FWRD segment net sales were $45.3 million, an increase of 14% year-over-year. FWRD faced a much more difficult growth comparison against the prior-year comparable period as FWRD net sales had increased 151% year-over-year in the second quarter of 2021.
- Domestic net sales increased 30% year-over-year and international net sales increased 14% year-over-year. Our international results reflect foreign currency headwinds resulting from the stronger U.S. dollar and temporary headwinds in China due to COVID-19 preventative measures.
Cash Flow and Balance Sheet
- Net cash (used in) provided by operating activities was $(29.4) million for the second quarter and $24.4 million for the six-month year-to-date period, and free cash flow was $(30.8) million for the second quarter and $21.9 million for the six-month year-to-date period.
- Cash and cash equivalents as of June 30, 2022 were $237.9 million, an increase of $18.3 million, or 8%, from June 30, 2021, and a decrease of $32.8 million, or 12%, from March 31, 2022. Our balance sheet as of June 30, 2022 remains debt free.
- Inventory as of June 30, 2022 was $208.5 million, an increase of $29.3 million, or 16%, from March 31, 2022, and an increase of $89.7 million year-over-year, or 75%, from the inventory balance of $118.8 million as of June 30, 2021.
Additional trend information regarding Revolve Group's second quarter of 2022 financial results and operating metrics is available in the Q2 2022 Financial Highlights presentation available on the company's investor relations website: https://investors.revolve.com/events-and-presentations/default.aspx
Results Since the End of the Second Quarter of 2022
Net sales in July 2022 increased approximately 10% year-over-year amidst an increasingly uncertain macroenvironment with inflation at a 40-year high and U.S. consumer sentiment reaching a record low in the second quarter and against a more elevated prior-year comparison than we faced in the first half of 2022. We believe our recent results illustrate our continued market share gains, reinforcing our competitive advantages and that our brands are resonating with next-generation consumers.
Conference Call Information
Revolve Group management will host a call today at 4:30 pm ET / 1:30 pm PT to discuss today's results in more detail. To participate, please dial (888) 330-2454 within the United States or (240) 789-2714 outside the United States approximately 10 minutes before the scheduled start of the call. The conference ID for the call is 3102771. The conference call will also be accessible, live via audio broadcast, on the Investor Relations section of the Revolve Group website at investors.revolve.com. A replay of the conference call will be available online at investors.revolve.com. In addition, an audio replay of the call will be available for one week following the call and can be accessed by dialing (800) 770-2030 within the United States or (647) 362-9199 outside the United States. The replay conference ID is 3102771.
Forward-Looking Statements
This press release contains ''forward-looking statements'' within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current fact included in this press release are forward-looking statements, including but not limited to statements regarding our expected future effective tax rate. Forward-looking statements include statements containing words such as "expect," "anticipate," "believe," "project," "will" and similar expressions intended to identify forward-looking statements. These forward-looking statements are based on our current expectations. Forward-looking statements involve risks and uncertainties. Our actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks related to economic conditions and their impact on consumer demand and our business, operating results and financial condition; the continued impact of the COVID-19 pandemic on our business, operations and financial results; demand for our products; supply chain challenges; inflation; Russia's war against Ukraine; our fluctuating operating results; seasonality in our business; our ability to acquire products on reasonable terms; our e-commerce business model; our ability to attract customers in a cost effective manner; the strength of our brand; competition; fraud; system interruptions; our ability to fulfill orders; and other risks and uncertainties included under the caption "Risk Factors" and elsewhere in our filings with the Securities and Exchange Commission, or SEC, including, without limitation, our Annual Report on Form 10-K for the year ended December 31, 2021 and our subsequent Quarterly Reports on Form 10-Q, including for the quarter ended June 30, 2022, which we expect to file with the SEC on August 3, 2022. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and we undertake no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof.
Use of Non-GAAP Financial Measures and Other Operating Metrics
To supplement our condensed consolidated financial statements, which are prepared and presented in accordance with Generally Accepted Accounting Principles in the United States of America (GAAP), we reference in this press release and the accompanying tables the following non-GAAP financial measures: Adjusted EBITDA and free cash flow.
The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP, and our non-GAAP measures may be different from non-GAAP measures used by other companies.
We use these non-GAAP financial measures to evaluate our operating performance, generate future operating plans and make strategic decisions regarding the allocation of capital. Our management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses that may not be indicative of our ongoing core operating performance. We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when analyzing historical performance and liquidity and when planning, forecasting, and analyzing future periods.
For a reconciliation of these non-GAAP financial measures to GAAP measures, please see the tables captioned "Reconciliation of Non-GAAP Financial Measures" included at the end of this release.
Definitions of our non-GAAP financial measures and other operating metrics are presented below.
Adjusted EBITDA
Adjusted EBITDA is a non-GAAP financial measure that we calculate as net income before other (income) expense, net; taxes; and depreciation and amortization; adjusted to exclude the effects of equity-based compensation expense and certain non-routine items. Adjusted EBITDA is a key measure used by management to evaluate our operating performance, generate future operating plans and make strategic decisions regarding the allocation of capital. In particular, the exclusion of certain expenses in calculating Adjusted EBITDA facilitates operating performance comparisons on a period-to-period basis and, in the case of exclusion of the impact of equity-based compensation, excludes an item that we do not consider to be indicative of our core operating performance.
Free Cash Flow
Free cash flow is a non-GAAP financial measure that we calculate as net cash provided by operating activities less cash used in purchases of property and equipment. We view free cash flow as an important indicator of our liquidity because it measures the amount of cash we generate. Free cash flow also reflects changes in working capital.
Active Customers
We define an active customer as a unique customer account from which a purchase was made across our platform at least once in the preceding 12-month period. In any particular period, we determine our number of active customers by counting the total number of customers who have made at least one purchase in the preceding 12-month period, measured from the last date of such period. We view the number of active customers as a key indicator of our growth, the reach of our sites, the value proposition and consumer awareness of our brand, the continued use of our sites by our customers and their desire to purchase our products.
Total Orders Placed
We define total orders placed as the total number of orders placed by our customers, prior to product returns, across our platform in any given period. We view total orders placed as a key indicator of the velocity of our business and an indication of the desirability of our products and sites to our customers. Total orders placed, together with average order value, is an indicator of the net sales we expect to recognize in a given period.
Average Order Value
We define average order value as the sum of the total gross sales from our sites in a given period, prior to product returns, divided by the total orders placed in that period. We believe our high average order value demonstrates the premium nature of our product. Average order value varies depending on the site through which we sell merchandise, the mix of product categories sold, the number of units in each order, the percentage of sales at full price, and for sales at less than full price, the level of markdowns.
About Revolve Group, Inc.
Revolve Group, Inc. (RVLV) is the next-generation fashion retailer for Millennial and Generation Z consumers. As a trusted premium lifestyle brand and a go-to online source for discovery and inspiration, we deliver an engaging customer experience from a vast, yet curated, offering of apparel, footwear, accessories, home and beauty products. Our dynamic platform connects a deeply engaged community of millions of consumers, thousands of global fashion influencers, and more than 1,000 emerging, established and owned brands.
We were founded in 2003 by our co-CEOs, Michael Mente and Mike Karanikolas. We sell merchandise through two complementary segments, REVOLVE and FWRD, that leverage one platform. Through REVOLVE, we offer an assortment of premium apparel, footwear, accessories and beauty products from emerging, established and owned brands. Through FWRD, we offer an assortment of curated and elevated iconic and emerging luxury brands. For more information, visit www.revolve.com.
Contacts:
Investors:
Erik Randerson, CFA
562.677.9513
IR@revolve.com
Media:
Meghan Murray-Merriman
meghan.murraymerriman@revolve.com
View original content to download multimedia:
SOURCE Revolve Group, Inc. | https://www.kwtx.com/prnewswire/2022/08/03/revolve-group-announces-second-quarter-2022-financial-results/ | 2022-08-03T20:56:02Z | https://www.kwtx.com/prnewswire/2022/08/03/revolve-group-announces-second-quarter-2022-financial-results/ | false | 11 |
You need to enable JavaScript to run this app. | https://sportspyder.com/nfl/minnesota-vikings/articles/40278839 | 2022-08-03T20:56:08Z | https://sportspyder.com/nfl/minnesota-vikings/articles/40278839 | true | null |
Girl, 13, struck by lightning on Chicago's West Side: CFD
CHICAGO - A 13-year-old girl was struck by lightning Wednesday afternoon on Chicago's West Side.
Shortly before 3 p.m., the Chicago Fire Department says they received a call of a teenage girl being struck by lightning in the East Garfield Park neighborhood near the conservatory — located at 300 N Central Park Ave.
SUBSCRIBE TO FOX 32 CHICAGO ON YOUTUBE
The girl was transported to Stroger Hospital as a trauma patient in critical condition, the fire department said.
No further details were immediately available.
Sun-Times Media Wire contributed to this report. | https://www.fox32chicago.com/news/girl-13-electrocuted-on-chicagos-west-side-cfd | 2022-08-03T20:56:11Z | https://www.fox32chicago.com/news/girl-13-electrocuted-on-chicagos-west-side-cfd | false | null |
The British Columbia government says it is improving its rebate program for electric vehicles to make them more affordable and accessible.
A statement from the Ministry of Energy, Mines and Low Carbon Innovation says the maximum provincial rebate for battery-electric, fuel-cell electric and long-range plug-in hybrid electric vehicles climbs from $3,000 to $4,000.
The maximum rebate for lower-range plug-in hybrid electric vehicles increases to $2,000 from the previous high of $1,500.
The ministry says eligibility for a rebate will be based on income levels, with an individual making up to $80,000, or a household with an income up to $125,000, eligible for the maximum rebate.
As personal or household income climbs, rebate eligibility decreases on a sliding scale until those with a personal income above $100,000 or households with incomes above $165,000 are no longer entitled to the discount.
The statement says 2020 income tax returns show more than 90 per cent of B.C. residents are eligible for an EV rebate and can save as much as $9,000 on the purchase or lease of a new electric vehicle when combined with federal incentives.
The president of the New Car Dealers Association of B.C. says the revised rebates will make zero-emission vehicles more affordable for lower-income individuals.
Blair Qualey says the changes are “positive steps” and his association is anticipating more.
“While we can appreciate that government always faces the difficult position of trying to manage program spending and budgets, we will be watching how changes for higher-income participants may impact (zero-emission vehicle) uptake,” Qualey says in a statement.
The price cap to determine eligibility for vehicle rebates in B.C. remains at a maximum of $55,000 for compact and full-sized cars, but the Energy Ministry statement says a second category is being added to support those requiring larger EVs, such as soon-to-arrive minivans, sport utility vehicles and pickup trucks.
The cap for those vehicles has been set at a maximum retail price of $70,000, the statement says.
It says B.C. also increased affordability of EVs this year by making them exempt from provincial sales tax.
The Canadian Press | https://www.trailtimes.ca/business/b-c-improves-rebate-for-electric-vehicles-to-a-maximum-of-4000-ministry/ | 2022-08-03T20:58:44Z | https://www.trailtimes.ca/business/b-c-improves-rebate-for-electric-vehicles-to-a-maximum-of-4000-ministry/ | false | 27 |
President of Ukraine Zelensky met with Foreign Minister of Poland Zbigniew Rau in Kyiv
President of Ukraine Volodymyr Zelenskyy met with Polish Foreign Minister Zbigniew Rau in Kyiv. About it informs press service of the head of state.
Zelensky thanked Poland for helping with weapons, in particular for the supply of Krab self-propelled howitzers.
He also expressed gratitude to the Polish authorities and people for their support of Ukraine and legislative initiatives aimed at helping Ukrainians who moved to Poland. The head of state recalled that Kyiv had adopted a similar law on special guarantees for the Poles.
#Zelensky #met #Polish #Foreign #Minister | https://pledgetimes.com/zelensky-met-with-polish-foreign-minister/ | 2022-08-03T21:00:10Z | https://pledgetimes.com/zelensky-met-with-polish-foreign-minister/ | true | null |
Jeff Haber is the new Program Director for KKMG-FM Colorado Springs. Haber joins Cumulus Media from Cox Media Group’s WBLI-FM Long Island, where he was PD.
“With this opportunity I’ll have been live on-air in every time zone in the Continental U.S.! That’s pretty cool, right? I’m incredibly excited to bring my energy and programming style to the MAGIC brand,” said Haber “I can’t wait to get creative with the Cumulus team to bring amazing experiences to Colorado Springs!”
“Jeff brings a ton of energy and ideas to the mighty Magic FM brand. We’re excited to let him and his team loose on streets, events, and airwaves of Southern Colorado,” said Bobby Irwin, Operations Manager.
In addition to PD duties Haber will also be the Afternoon Drive Host on 98.9 Magic FM. | https://radioink.com/2022/08/03/jeff-haber-heads-west/ | 2022-08-03T21:01:07Z | https://radioink.com/2022/08/03/jeff-haber-heads-west/ | true | null |
This is a carousel. Use Next and Previous buttons to navigate
Associated Press (AP) — Republican leaders got their wish with the defeat of former Missouri Gov. Eric Greitens in the U.S. Senate primary. Now, they face another complication: A well-funded, right-leaning political newcomer who could splinter some of the Republican and independent vote in November.
Attorney General Eric Schmitt pulled off a stunningly dominant win in the GOP primary on Tuesday. Greitens, forced by sex and campaign finance scandals to resign in 2018 and accused by his ex-wife of abuse in a March court document, didn't even finish second, bested also by U.S. Rep. Vicky Hartzler.
Schmitt will face Democrat Trudy Busch Valentine in November. The X factor is John Wood, a Republican running as an independent. He served as U.S. attorney in Missouri from 2007 to 2009 and before that held key roles in President George W. Bush's administration. He was most recently a senior investigative counsel for the Jan. 6 committee.
Backed by a political action committee led by retired Republican Sen. John Danforth, Wood reiterated Wednesday that he’s in it to win it. He accused Schmitt of extremism, noting his court challenge to the results of the 2020 presidential election.
“He’s very divisive and extreme and playing to the extreme parts of the Republican Party,” Wood said of Schmitt. "I think there is still room for a mainstream candidate who is going to appeal to a large segment of Missouri voters.”
Schmitt, 47, is a former state senator from suburban St. Louis who was elected state treasurer in 2016. He was appointed attorney general after Josh Hawley vacated the seat following his election to the U.S. Senate in 2019. Schmitt won another term as attorney general in 2020. He was among many who entered the Senate race soon after two-term incumbent Republican Roy Blunt announced last year that he would retire.
Missouri was considered a swing state as recently as a decade ago. Now, it’s solidly Republican, making Schmitt the odds-on favorite. Still, he'll face two well-funded opponents.
Valentine, 65, is an heiress to the Anheuser-Busch fortune. Her campaign was late-starting and largely self-funded, but her onslaught of TV ads overcame a strong grassroots effort by Marine veteran Lucas Kunce, who outraised everyone — Republican or Democrat — during the primary.
Wood, 52, has the powerful support of Danforth, who believes Wood is part of the answer to the vitriol permeating politics. Danforth said in a statement that his Missouri Stands United PAC has already spent $5 million on Wood's campaign and will spend more, including $700,000 over the next three weeks alone on TV and digital ads.
Missouri GOP operative John Hancock said Wood has “zero chance” of winning, and he doesn't believe he can take enough votes away from Schmitt to push Valentine to victory.
“They’re not positioning (Wood) as an independent, middle of the road, they’re positioning him as a conservative, and the Republicans just nominated a conservative," Hancock said. "So there’s no real lane for him to run in here. And given the state of the electorate in Missouri and how substantially right of center it is, if he ends up in the single digits or even the low double digits, Eric Schmitt still wins.”
Still, Wood is showing some signs of support. To get on the November ballot as an independent, he needed to submit petitions signed by 10,000 registered voters by Aug. 1. He turned in more than 20,000.
Valentine's campaign manager, Alex Witt, said the presence of Wood “definitely disrupts the partisan trend we've been seeing in Missouri for the past few cycles, and I do think it makes this race very competitive for a Democrat.
“Missourians are going to find Trudy's experience as a nurse and her commonsense and compassionate approach really appealing,” Witt said. | https://www.registercitizen.com/news/article/With-Greitens-out-independent-is-new-challenge-17349115.php | 2022-08-03T21:02:50Z | https://www.registercitizen.com/news/article/With-Greitens-out-independent-is-new-challenge-17349115.php | true | 32 |
DUBLIN, Aug. 3, 2022 /PRNewswire/ -- Jazz Pharmaceuticals plc (Nasdaq: JAZZ) today announced financial results for the second quarter of 2022, affirmed 2022 financial guidance1 and provided business updates.
"We've had a highly productive second quarter across commercial, R&D and corporate development that has resulted in meaningful progress towards Vision 2025. We have also achieved an important milestone and for the first time there are now more patients taking Xywav® than Xyrem®," said Bruce Cozadd, chairman and CEO of Jazz Pharmaceuticals. "Execution remains our primary focus as we aim to maximize the value of Xywav in idiopathic hypersomnia (IH) and narcolepsy, grow Epidiolex® in the U.S. and expand the launch of Epidyolex® globally, build on the successful launch of Rylaze® and progress the development program for Zepzelca®. We are also advancing a number of mid- and late-stage programs in our pipeline with multiple Investigational New Drug (IND) applications expected through 2023, and are pleased our pan-RAF inhibitor, JZP815, was cleared by the FDA to enter clinical development."
"We have achieved our net leverage2 ratio target ahead of our stated timeline and therefore our focus will be to continue to manage the balance sheet through disciplined capital allocation, providing us with further flexibility to pursue corporate development opportunities," said Renée Galá, executive vice president and chief financial officer of Jazz Pharmaceuticals. "Our strong second quarter financial results and top- and bottom-line growth put us well on track to achieve our 2022 financial guidance. Operational excellence will also remain a key area of focus for us as we build the foundation for future growth and progress toward achieving Vision 2025."
Key Highlights
Business and Execution
- Continued robust launch momentum of Xywav for IH.
- Achieved a significant milestone in 2Q22, with more active oxybate patients taking Xywav than Xyrem.
- Completed Marketing Authorization Application (MAA) submission for JZP458 (approved as Rylaze in the U.S.) to European Medicines Agency (EMA) in May 2022, with potential for approval in 2023.
- Announced the U.S. Food and Drug Administration (FDA) cleared the IND application that will allow JZP815 to enter clinical development.
- Strengthened leadership in sleep medicine with addition of a potent, highly selective oral orexin-2 receptor agonist, JZP441 (DSP-0187).
- Expanded oncology pipeline with JZP898 (WTX-613), a differentiated, conditionally activated IFNα INDUKINE™ molecule.
- Strategically divested Sunosi®, allowing for increased investment and sharpened focus on highest strategic priorities.
Financial
- Growing and durable commercial franchises drove 2Q22 total revenues of $932.9 million; 24% increase compared to the same period in 2021.
- 2022 total revenue guidance affirmed at $3.5 to $3.7 billion.
- Achieved net leverage ratio target six months ahead of our stated timeline. Net leverage ratio of 3.2x2 as of June 30, 2022, demonstrates rapid deleveraging following the close of the GW Pharmaceuticals (GW) acquisition.
_______________________
Business Updates
Key Commercial Products
Oxybate (Xywav and Xyrem):
- Net product sales for the combined oxybate business increased 10% to $504.4 million in 2Q22 compared to the same period in 2021.
- Average active oxybate patients on therapy was approximately 17,100 in 2Q22, an increase of approximately 8% compared to the same period in 2021.
- The Company achieved a significant milestone in 2Q22, with more active oxybate patients taking Xywav than Xyrem.
Xywav (calcium, magnesium, potassium, and sodium oxybates) oral solution:
- Xywav net product sales increased 89% to $235.0 million in 2Q22 compared to the same period in 2021.
- There were approximately 8,700 active Xywav patients exiting 2Q22.
- Xywav has broad patent protection to 2033.
Xywav for Narcolepsy:
- There were approximately 7,550 narcolepsy patients taking Xywav exiting 2Q22.
- The benefits of lowering sodium intake continue to resonate with patients and prescribers. In June 2021, FDA recognized seven years of Orphan Drug Exclusivity (ODE), through July 2027, for Xywav and published its summary of clinical superiority findings stating that "Xywav is clinically superior to Xyrem by means of greater safety because Xywav provides a greatly reduced chronic sodium burden compared to Xyrem." Further, FDA stated that "the differences in the sodium content of the two products at the recommended doses will be clinically meaningful in reducing cardiovascular morbidity in a substantial proportion of patients for whom the drug is indicated."
Xywav for Idiopathic Hypersomnia (IH):
- Continued robust launch momentum with approximately 1,150 IH patients taking Xywav exiting 2Q22.
- The Company has achieved its goal of obtaining similar payer coverage to narcolepsy with coverage now at approximately 90% of commercial lives for IH.
- The Company launched Xywav for IH in November 2021, with initial launch efforts focused on the approximately 37,000 currently diagnosed patients in the U.S. who are actively seeking healthcare. Healthcare providers are excited to have a treatment option with positive and compelling clinical trial results that addresses IH and not just its symptoms.
- FDA recognized ODE for IH in January 2022, extending regulatory exclusivity to August 2028.
Xyrem (sodium oxybate) oral solution:
- Xyrem net product sales decreased 19% to $269.4 million in 2Q22 compared to the same period in 2021, reflecting the continued adoption of Xywav by patients with narcolepsy.
Epidiolex/Epidyolex (cannabidiol):
- Epidiolex/Epidyolex net product sales increased 12% to $175.3 million in 2Q22 compared to the same period in 2021, on a proforma basis.
- Epidyolex is now commercially available and fully reimbursed in four of the five key European markets: United Kingdom, Germany, Italy and Spain, with an anticipated launch in France this year. The Company anticipates a total of 10 new market and indication launches across 2022, continuing to drive growth of Epidyolex ex-U.S.
- The Company expects to initiate a Phase 3 pivotal trial of Epidiolex for Epilepsy with Myoclonic-Atonic Seizures (EMAS), the fourth target indication for Epidiolex, shortly.
- The Company expects to initiate a pivotal Phase 3 trial for Epidiolex in Japan for Lennox-Gastaut Syndrome (LGS), Tuberous Sclerosis Complex (TSC) and Dravet Syndrome (DS) this year.
Zepzelca (lurbinectedin):
- Zepzelca net product sales increased 22% to $68.3 million in 2Q22 compared to the same period in 2021.
- The Company is pleased to have established Zepzelca as the treatment of choice in the second-line small cell lung cancer (SCLC) setting after only eighteen months on the market.
- Zepzelca development program highlights:
Rylaze (asparaginase erwinia chrysanthemi (recombinant)-rywn):
- Rylaze net product sales were $73.0 million in 2Q22.
- The continued strong launch of Rylaze reflects the significant unmet patient need for a high-quality, reliable supply of Erwinia asparaginase for patients with acute lymphoblastic leukemia.
- In May 2022, the Company completed the MAA submission to EMA for a M/W/F dosing schedule and IM and IV administration for JZP458 (approved as Rylaze in the U.S.) with potential for approval in 2023. The Company is also advancing the program for potential submission, approval and launch in Japan.
- In January 2022, the Company completed the submission of a supplemental Biologics Licensing Application (sBLA) to FDA seeking approval for a M/W/F IM dosing schedule for Rylaze. In April 2022, the Company completed the submission of an sBLA to FDA seeking approval for IV administration of Rylaze. Both submissions are being reviewed under the Real-time Oncology Review Program (RTOR).
Corporate Development
JZP441 (DSP-0187) Agreement:
- On May 4, 2022, the Company and Sumitomo Pharma Co., Ltd. (Sumitomo) announced an exclusive license agreement for JZP441, a potent, highly selective oral orexin-2 receptor agonist designed to activate orexin signaling.
JZP898 (WTX-613) Agreement:
- On April 7, 2022, the Company and Werewolf Therapeutics (Werewolf) announced a licensing agreement under which the Company acquired exclusive global development and commercialization rights to Werewolf's investigational molecule, WTX-613, now called JZP898, a differentiated, conditionally activated IFNα INDUKINE™ molecule.
Sunosi (solriamfetol) Strategic Divestiture:
- On May 9, 2022, the Company completed the U.S. divestiture of Sunosi to Axsome Therapeutics (Axsome).
- The Company and Axsome are committed to ensuring that patients receive uninterrupted access to Sunosi throughout the transition.
Key Pipeline Highlights
Nabiximols:
- On June 28, 2022, the Company announced the Phase 3 RELEASE MSS1 trial (NCT04657666) did not meet the primary endpoint of change in Lower Limb Muscle Tone-6 (LLMT-6) between baseline and Day 21, as measured by the Modified Ashworth Scale (MAS).
- The Company continues to assess the RELEASE MSS1 trial results, which will be presented at a future medical meeting.
Suvecaltamide (JZP385):
- Suvecaltamide, a highly selective modulator of T-type calcium channels, is in clinical development for the treatment of essential tremor.
- Patient enrollment is ongoing and top-line data read-out is anticipated in 1H24.
JZP150:
- JZP150, a selective fatty acid amide hydrolase, or FAAH, inhibitor, is in clinical development for the potential treatment of post-traumatic stress disorder (PTSD).
- Patient enrollment is ongoing and top-line data read-out is anticipated in late 2023.
- The Company received Fast Track Designation for JZP150 development in PTSD from FDA in 4Q21, underscoring the significant unmet medical needs of patients.
JZP815:
- In 2Q22, the Company announced that FDA cleared the IND application, which will allow JZP815 to enter clinical development.
- The pan-RAF inhibitor program is part of a novel class of next-generation precision oncology therapies that has the potential to benefit cancer patients with high unmet needs in multiple different solid tumors.
- The Company, together with its preclinical collaboration partner, Redx Pharma, presented its first preclinical data in a poster at the American Association for Cancer Research Annual Meeting in April 2022.
- JZP815 inhibited tumor growth in several RAS- and BRAF-mutated solid tumor models, and demonstrated enhanced activity when combined with other MAPK pathway inhibitors.
GAAP net income (loss) in 2Q22 was $34.7 million, or $0.55 per diluted share, compared to $(363.3) million, or $(6.11) per diluted share, for 2Q21. Non-GAAP adjusted net income in 2Q22 was $305.5 million, or $4.30 per diluted share, compared to $240.6 million, or $3.90 per diluted share, for 2Q21. Reconciliations of applicable GAAP reported to non-GAAP adjusted information are included at the end of this press release.
Total revenues increased 24% in 2Q22 compared to the same period in 2021.
- Neuroscience net product sales in 2Q22 increased 20% to $696.8 million compared to the same period in 2021 primarily driven by Epidiolex/Epidyolex net product sales of $175.3 million, following the acquisition of GW. In 2Q22, oxybate net product sales increased 10% to $504.4 million.
- Oncology net product sales in 2Q22 increased 40% to $229.8 million compared to the same period in 2021 primarily driven by Rylaze net product sales in 2Q22 of $73.0 million following product launch in July 2021, partially offset by Erwinaze/Erwinase net product sales in 2Q21 of $28.3 million.
Operating expenses increased in 2Q22 over the prior year period primarily due to the following:
- Cost of product sales increased in 2Q22 compared to the same period in 2021, on a GAAP and on a non-GAAP adjusted basis, due to increased net product sales. In addition, GAAP cost of product sales was impacted by a higher acquisition accounting inventory fair value step-up expense in 2Q22.
- Selling, general and administrative (SG&A) expenses decreased in 2Q22 compared to the same period in 2021, on a GAAP basis, primarily due to lower GW acquisition related transaction and integration expenses, offset by the loss on disposal of Sunosi. SG&A expenses, on a GAAP and non-GAAP adjusted basis, included increased compensation-related expenses driven by the inclusion of GW related headcount costs for the full quarter offset by lower Sunosi U.S. marketing costs in 2Q22.
- Research and development (R&D) expenses increased in 2Q22 compared to the same period in 2021, on a GAAP and on a non-GAAP adjusted basis, primarily due to the inclusion of a full quarter of GW employee costs and clinical program spend for Epidiolex and nabiximols in 2Q22, offset by a reduction in costs related to JZP458 (Rylaze) and JZP385.
- Acquired in-process research and development (IPR&D) expense in 2Q22 on a GAAP and on a non-GAAP adjusted basis primarily related to upfront payments of $50.0 million and $15.0 million to Sumitomo and Werewolf, respectively, in connection with our licensing agreements.
Cash Flow and Balance Sheet
As of June 30, 2022, cash, cash equivalents and investments were $771.3 million, and the outstanding principal balance of the Company's long-term debt was $6.1 billion compared to $6.4 billion as of December 31, 2021. In addition, the Company had undrawn borrowing capacity under a revolving credit facility of $500.0 million. For the six months ended June 30, 2022, the Company generated $512.0 million of cash from operations. In 1Q22 the Company repaid in full the $251.0 million remaining aggregate principal amount of the Euro Term Loan B.
2022 Financial Guidance
The Company has updated its GAAP guidance primarily to reflect the impact of foreign currency exchange movements on non-USD denominated amortization and inventory step up expense. The Company is affirming its non-GAAP adjusted guidance.
Conference Call Details
Jazz Pharmaceuticals will host an investor conference call and live audio webcast today at 4:30 p.m. ET (9:30 p.m. IST) to provide a business and financial update and discuss its 2022 second quarter results.
Interested parties may register for the call in advance here or via the Investors section of the Jazz Pharmaceuticals website at www.jazzpharmaceuticals.com. Please connect to the website prior to the start of the call to ensure adequate time for any software downloads that may be necessary.
A replay of the webcast will be available via the Investors section of the Jazz Pharmaceuticals website at www.jazzpharmaceuticals.com.
About Jazz Pharmaceuticals
Jazz Pharmaceuticals plc (NASDAQ: JAZZ) is a global biopharmaceutical company whose purpose is to innovate to transform the lives of patients and their families. We are dedicated to developing life-changing medicines for people with serious diseases - often with limited or no therapeutic options. We have a diverse portfolio of marketed medicines and novel product candidates, from early- to late-stage development, in neuroscience and oncology. Within these therapeutic areas, we are identifying new options for patients by actively exploring small molecules and biologics, and through innovative delivery technologies and cannabinoid science. Jazz is headquartered in Dublin, Ireland and has employees around the globe, serving patients in nearly 75 countries. For more information, please visit www.jazzpharmaceuticals.com and follow @JazzPharma on Twitter.
Non-GAAP Financial Measures
To supplement Jazz Pharmaceuticals' financial results and guidance presented in accordance with U.S. generally accepted accounting principles (GAAP), the Company uses certain non-GAAP (also referred to as adjusted or non-GAAP adjusted) financial measures in this press release and the accompanying tables. In particular, the Company presents non-GAAP adjusted net income (and the related per share measure) and its line item components, as well as certain non-GAAP adjusted financial measures derived therefrom, including non-GAAP adjusted gross margin percentage and non-GAAP adjusted effective tax rate. Non-GAAP adjusted net income (and the related per share measure) and its line item components exclude from GAAP reported net income (loss) (and the related per share measure) and its line item components certain items, as detailed in the reconciliation tables that follow, and in the case of non-GAAP adjusted net income (and the related per share measure), adjust for the income tax effect of the non-GAAP adjustments and the impact of the change in the statutory tax rate in the U.K. In this regard, the components of non-GAAP adjusted net income, including non-GAAP adjusted cost of product sales, SG&A expenses and R&D expenses, are income statement line items prepared on the same basis as, and therefore components of, the overall non-GAAP adjusted net income measure. The Company also uses a pro forma non-GAAP net leverage ratio calculated as net debt (defined as total GAAP debt, net of cash, cash equivalents and investments) divided by Adjusted EBITDA for the most recent period of four consecutive completed fiscal quarters. EBITDA is defined as net income (loss) before income taxes, interest expense, depreciation and amortization. Adjusted EBITDA is defined as EBITDA further adjusted to exclude certain other charges and adjustments as detailed in the pro forma non-GAAP net leverage ratio reconciliation table that follows, and is calculated in accordance with the definition of Adjusted Consolidated EBITDA as set out in the Company's credit agreement entered into in May 2021 (the Credit Agreement).
The Company believes that each of these non-GAAP financial measures provides useful supplementary information to, and facilitates additional analysis by, investors and analysts and that each of these non-GAAP financial measures, when considered together with the Company's financial information prepared in accordance with GAAP, can enhance investors' and analysts' ability to meaningfully compare the Company's results from period to period and to its forward-looking guidance, to identify operating trends in the Company's business and to understand the Company's ability to delever. In addition, these non-GAAP financial measures are regularly used by investors and analysts to model and track the Company's financial performance. Jazz Pharmaceuticals' management also regularly uses these non-GAAP financial measures internally to understand, manage and evaluate the Company's business and to make operating decisions, and compensation of executives is based in part on certain of these non-GAAP financial measures. Because these non-GAAP financial measures are important internal measurements for Jazz Pharmaceuticals' management, the Company also believes that these non-GAAP financial measures are useful to investors and analysts since these measures allow for greater transparency with respect to key financial metrics the Company uses in assessing its own operating performance and making operating decisions. These non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures; should be read in conjunction with the Company's consolidated financial statements prepared in accordance with GAAP; have no standardized meaning prescribed by GAAP; and are not prepared under any comprehensive set of accounting rules or principles in the reconciliation tables that follow. In addition, from time to time in the future there may be other items that the Company may exclude for purposes of its non-GAAP financial measures; and the Company has ceased, and may in the future cease, to exclude items that it has historically excluded for purposes of its non-GAAP financial measures. Likewise, the Company may determine to modify the nature of its adjustments to arrive at its non-GAAP financial measures. Because of the non-standardized definitions of non-GAAP financial measures, the non-GAAP financial measures as used by Jazz Pharmaceuticals in this press release and the accompanying tables have limits in their usefulness to investors and may be calculated differently from, and therefore may not be directly comparable to, similarly titled measures used by other companies.
Caution Concerning Forward-Looking Statements
This press release contains forward-looking statements, including, but not limited to, statements related to: the Company's growth prospects and future financial and operating results, including the Company's 2022 financial guidance and the Company's expectations related thereto; Vision 2025 and the Company's progress related thereto; the Company's strategy to maximize the value of Xywav in IH and narcolepsy, grow Epidiolex in the U.S., expand the launch of Epidyolex globally and progress the development program for Zepzelca; the Company's advancement of pipeline programs and the timing of planned regulatory activities and submissions related thereto; the Company's capital allocation and corporate development strategy; the expected divestiture of ex-U.S. Sunosi to Axsome and the anticipated benefits of the Sunosi divestiture; the potential successful future development, manufacturing, regulatory and commercialization activities; the Company's expectation of sustainable growth and enhanced value as part of its Vision 2025; growing and diversifying the Company's revenue, investing in its pipeline of novel therapies, and delivering innovative therapies for patients; the Company's ability to realize the commercial potential of its products; the Company's views and expectations relating to its patent portfolio, including with respect to expected patent protection; planned or anticipated clinical trial events, including with respect to initiations, enrollment and data read-outs, and the anticipated timing thereof; the Company's clinical trials confirming clinical benefit or enabling regulatory submissions; planned or anticipated regulatory submissions and filings, including for nabiximols and Rylaze, and the anticipated timing thereof; potential regulatory approvals, including for Rylaze; the anticipated launch of Epidyolex in France in 2022; the anticipated launch of Epidyolex in new markets and indications; and other statements that are not historical facts. These forward-looking statements are based on the Company's current plans, objectives, estimates, expectations and intentions and inherently involve significant risks and uncertainties.
Actual results and the timing of events could differ materially from those anticipated in such forward- looking statements as a result of these risks and uncertainties, which include, without limitation, risks and uncertainties associated with: Jazz's and Axsome's ability to complete the proposed divestiture of ex-U.S. Sunosi on the proposed terms or on the anticipated timeline, or at all; maintaining or increasing sales of and revenue from the Company's oxybate products, Zepzelca and other key marketed products; effectively launching and commercializing the Company's other products and product candidates; obtaining and maintaining adequate coverage and reimbursement for the Company's products; the time-consuming and uncertain regulatory approval process, including the risk that the Company's current and/or planned regulatory submissions may not be submitted, accepted or approved by applicable regulatory authorities in a timely manner or at all, including the risk that the Company's sBLA seeking approval for a revised dosing label for Rylaze may not be approved by FDA in a timely manner or at all; the costly and time-consuming pharmaceutical product development and the uncertainty of clinical success, including risks related to failure or delays in successfully initiating or completing clinical trials and assessing patients such as those being experienced, and expected to continue to be experienced, by the Company as a result of the effects of the COVID-19 pandemic; the Company's failure to realize the expected benefits of its acquisition of GW Pharmaceuticals, including the failure to realize the blockbuster potential of Epidiolex and the risk that the legacy GW Pharmaceuticals business will not be integrated successfully or that such integration may be more difficult, time-consuming or costly than expected; the ultimate duration and severity of the COVID-19 pandemic and resulting global economic, financial, and healthcare system disruptions and the current and potential future negative impacts to the Company's business operations and financial results; geopolitical events, including the conflict between Russia and Ukraine and related sanctions; macroeconomic conditions, including global financial markets and inflation; regulatory initiatives and changes in tax laws; market volatility; protecting and enhancing the Company's intellectual property rights and the Company's commercial success being dependent upon the Company obtaining, maintaining and defending intellectual property protection for its products and product candidates; delays or problems in the supply or manufacture of the Company's products and product candidates; complying with applicable U.S. and non-U.S. regulatory requirements, including those governing the research, development, manufacturing and distribution of controlled substances; government investigations, legal proceedings and other actions; identifying and acquiring, in-licensing or developing additional products or product candidates, financing these transactions and successfully integrating acquired product candidates, products and businesses; the Company's ability to realize the anticipated benefits of its collaborations and license agreements with third parties; the sufficiency of the Company's cash flows and capital resources to fund its debt service obligations, de-lever and meet its stated leverage targets; the Company's ability to achieve expected future financial performance and results and the uncertainty of future tax, accounting and other provisions and estimates; the possibility that, if the Company does not achieve the perceived benefits of the acquisition of GW Pharmaceuticals as rapidly or to the extent anticipated by financial analysts or investors, the market price of the Company's ordinary shares could decline; the Company's ability to achieve expected future financial performance and results and the uncertainty of future tax and other provisions and estimates; the Company's ability to meet its projected long-term goals and objectives, including as part of Vision 2025, in the time periods that the Company anticipates, or at all, and the inherent uncertainty and significant judgments and assumptions underlying the Company's long-term goals and objectives; and other risks and uncertainties affecting the Company, including those described from time to time under the caption "Risk Factors" and elsewhere in Jazz Pharmaceuticals' Securities and Exchange Commission filings and reports, including the Company's Annual Report on Form 10-K for the year ended December 31, 2021, and future filings and reports by the Company including the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2022. Other risks and uncertainties of which the Company is not currently aware may also affect the Company's forward-looking statements and may cause actual results and the timing of events to differ materially from those anticipated.
Contacts:
Investors:
Andrea N. Flynn, Ph.D.
Vice President, Head, Investor Relations
Jazz Pharmaceuticals plc
InvestorInfo@jazzpharma.com
Ireland +353 1 634 3211
U.S. +1 650 496 2717
Media:
Kristin Bhavnani
Head of Global Corporate Communications
Jazz Pharmaceuticals plc
CorporateAffairsMediaInfo@jazzpharma.com
Ireland +353 1 637 2141
U.S. +1 215 867 4948
View original content to download multimedia:
SOURCE Jazz Pharmaceuticals plc | https://www.actionnews5.com/prnewswire/2022/08/03/jazz-pharmaceuticals-announces-second-quarter-2022-financial-results-affirms-2022-financial-guidance/ | 2022-08-03T21:03:34Z | https://www.actionnews5.com/prnewswire/2022/08/03/jazz-pharmaceuticals-announces-second-quarter-2022-financial-results-affirms-2022-financial-guidance/ | false | 13 |
Comments / 0
Related
sweetwaternow.com
Big Show Schedule – Wednesday, August 3rd
Here is today’s schedule and all the info you need to get set up for fair-time fun at the 2022 Wyoming Big Show. 11:00 AM Roberto the Magnificent McDonald’s Stage. 12:00 PM Brown’s Amusement Carnival Opens Carnival special. 12:30 PM Aussie Kingdom East Tent. 1:00 PM Twinkle...
WOW: Castle Gardens Is A Beautiful Piece Of Wyoming History
There's no doubt that Wyoming is full of history and if you're bored with the scenery, drive for 15 minutes, and the scenery will change. I feel sorry for the people that have never visited the 44th state, they really don't know what they're missing. The history of Wyoming is...
cowboystatedaily.com
Grizzlies Moved After Killing Sheep, Cattle Near Yellowstone
***For All Things Wyoming, Sign-Up For Our Daily Newsletter***. Two male grizzly bears that killed livestock in separate incidents in the Cody and Pinedale regions of Wyoming were captured and relocated to remote drainages near Yellowstone National Park on Sunday and Monday, according to the Wyoming Department of Game and Fish.
sweetwaternow.com
Raymond L. Searle (September 28. 1947 – August 1, 2022)
Raymond L. Searle, 74, passed away with his family by his side Monday, August 1, 2022 at his son’s home in Rock Springs, Wyoming. He was a resident of Green River for 33 years. He died fighting a courageous battle with Cancer and complications due to diabetes. He was...
RELATED LOCAL CHANNELS
capcity.news
Wyoming Game and Fish now accepting license applications for the Antelope Hunt Event
CHEYENNE, Wyo. — Applications for licenses for the Antelope Hunt Event are now open. Wyoming State Statutes provide up to 160 licenses for up to two antelope hunt events each year. Antelope Hunt Events licenses are offered to organizations for up to a three-year period. Organizations must submit applications...
Wyoming Taxidermist ordered to pay restitution to several clients
A Green River taxidermist was ordered to pay restitution to several clients after an investigation by the Wyoming Game and Fish Department. According to the Wyoming Game and Fish, the investigation began in April of last year when Game Warden Kim Olson reported to Game Warden Kelli Pauling that Naomie Martinez, the owner of White Mountain Skulls, failed to submit her records for 2020. Martinez also failed to renew her taxidermist license for 2021. Martinez was in possession of over seventy unfinished taxidermy specimens when Game Warden Pauling contacted her.
cowboystatedaily.com
Small Fairs Celebrate The Heart Of Wyoming
***For All Things Wyoming, Sign-Up For Our Daily Newsletter***. Cheyenne Frontier Days is a big deal. Billing itself as the world’s largest outdoor rodeo, the annual event draws the best rodeo cowboys and cowgirls from around the country, competing for more than $1 million in cash and prizes. Big-name entertainers like Brooks & Dunn, Kid Rock and Dierks Bentley pack the stadium, and visitors from around the region crowd the midway.
sweetwaternow.com
Gregory Lee Gilchrist (September 22, 1988 – July 19, 2022)
Gregory Lee Gilchrist passed away July 19, 2022, at his home in Mesa, Arizona. He was 33. Greg was born to Connie (Dykema) Fields and Doug Gilchrist on Sept. 22, 1988, in Rock Springs, Wyoming. Growing up on Eisenhower Street, Greg—or Greggie as family members affectionately called him—learned at a young age to hold his own in a neighborhood of older kids.
RELATED PEOPLE
LOOK: Beautiful Western Wyoming Home Has 41 Acres And A “Private Island”
Yup, you read that right. I found a beautiful Wyoming home with 41 acres that also has its own "Private Island." This 3,000 square foot home in Thayne, Wyoming has 3 bedrooms and 4 bathrooms, and 41 covenant-free private acres with approximately 2000 feet of live water AND its very own fork in the Salt River.
Southeast Wyoming’s Favorite Food Truck Is Going For World Record
Now, this is something I'd love to volunteer to help out with. And when I say "help out" and "volunteer" I mean, I just want to eat chicken wings. If you've never had Weitzels Wings aka Double Dub's, you're missing out. They have a few food trucks that make their way around Southeast Wyoming and Northern Colorado and, in my humble opinion(and several others) have some of the best wings on the planet. You can find them in Cheyenne a couple of times a week, my go-to is on Fridays when they're at Freedom's Edge Brewing Company, but they make their rounds in Laramie and beyond.
Wyoming’s One Of The States With An Age Limit On Helmet Laws
With the legendary Sturgis Motorcycle Rally coming up, there are many riders that will pass through Wyoming at some point over the next couple weeks. For 10 straight days just off I-90 in Sturgis, South Dakota, the real world ends and bikers from all over meet up for an all out party.
sweetwaternow.com
Beryl J. Pierce Martinez (April 25, 1948 – July 18, 2022)
Beryl J. Pierce Martinez, 74, passed away Monday, July 18, 2022 at Saint Marks Hospital in Salt Lake City, Utah. She was a resident of Green River for 62 years and former resident of Payson, Utah. She was born April 25, 1948 in Payson, Utah; the daughter of Paul C....
IN THIS ARTICLE
wyo4news.com
The Budweiser Clydesdales are visiting Sweetwater County
Sweetwater County- This week the Budweiser Clydesdales are making appearances in Rock Springs and Green River, and are currently at the Sweetwater Events Complex for the Big Show. Starting today, the parade will start at 4:00 p.m. at Marty’s Gastropub and proceed to the front gates of the Sweetwater County Events Complex. The team will be making several stops along the way. On Wednesday, a parade will take place in Green River with the Clydesdales delivering beer. The parade will start at the Hitching Post at 1:00 p.m. and continue down Railroad Avenue and finish at the Green River Chamber of Commerce. On Thursday, there will be a performance beginning at 6:00 p.m. at the Sweetwater Events Complex arena. On Friday a parade will start at Liquor Deport on Foothill Boulevard at 1:00 p.m and proceed down Dewar Drive delivering beer. The parade will conclude at Porky’s Bar on Dewar Drive. Last but not least, on Saturday, a final tour around the Sweetwater Events Complex will start at 1:00 p.m. The Clydesdales will be hitched and will parade around the Sweetwater Events Complex until approximately 2:30 p.m.
cowboystatedaily.com
Thomas Kelly Drops Out Of Wyo Superintendent Race, Endorses Schroeder
***For All Things Wyoming, Sign-Up For Our Daily Newsletter***. Thomas Kelly dropped out of the Wyoming superintendent of public instruction race on Monday, the Wyoming Republican Party announced late in the day. Kelly, a Sheridan resident, endorsed current Superintendent Brian Schroeder for the position, to which he was appointed earlier...
wyomingnewsnow.tv
Casper feels increased presence of fentanyl impacting Wyoming
CASPER, Wyo. (Wyoming News Now) -Data from the Wyoming Department of Criminal Investigation and Department of Health shows that fentanyl has increased in prevalence across Wyoming. In 2019, Wyoming had 17 reported synthetic opioid overdose deaths among residents. That number jumped to 42 in 2021, and according to the WDH, there have been 17 deaths recorded in the first few months of 2022.
cowboystatedaily.com
Bill Sniffin: Here Are Wild And Wooly Predictions On Cheney-Hageman Race
***For All Things Wyoming, Sign-Up For Our Daily Newsletter***. Darin Smith says Harriet Hageman will beat incumbent Liz Cheney by 25,000 votes in the GOP primary Aug. 16 to see who represents Wyoming in its lone Congressional district. The well-known Cheyenne GOP conservative says: “The cross-over won’t come close to...
YOU MAY ALSO LIKE
cowboystatedaily.com
Crossover Boom: Wyoming GOP Voter Registrations Explode In July
***For All Things Wyoming, Sign-Up For Our Daily Newsletter***. While the number of new Wyoming voters grew by about 2,000 last month, the Republican Party gained 7,000, according to official voter statistics. On July 1 there were 200,579 registered Republicans in Wyoming, comprising just over 71% of the whole. One...
svinews.com
Northwest fires sending smoke into Star Valley and western Wyoming
A bit of smoke and haze has made its way back into Star Valley as a new August begins. There are unfortunately no shortage of fires burning in the west but unlike the last two seasons the Cowboy State has largely avoided the fallout of such fires so far in 2022.
oilcity.news
Wyoming receives applications for new charter schools in Casper, Cheyenne, Chugwater
CASPER, Wyo. — At least three charter schools are seeking approval to serve students in Wyoming. The Wyoming Department of Education said Monday it has received applications from the following proposed charter schools:. Prairie View Community School, Chugwater. Wyoming Classical Academy Charter School, Casper. Cheyenne Classical Academy Charter School,...
sweetwaternow.com
Howard Daniel “Danny” McCoy Jr. (October 11, 1952 – July 30, 2022)
Howard Daniel “Danny” McCoy, Jr. passed away July 30, 2022 at his home in Rock Springs, WY. He was born on October 11, 1952 in Ardmore, Oklahoma to Howard D. McCoy Sr. and Fontella (Sally) Bean. Danny was the oldest of four children. The family moved to Colorado in 1958, settling in Buena Vista where he lived until he enlisted in the Army in 1971. After being discharged he moved back to Colorado where he met and married Sally Baltzell and they had their first two children. They moved to Rock Springs, Wyoming in 1981 where Danny started his 28 year career at Bridger Coal and their son was born. He later divorced and met his current wife, Nancy, in 1996 and they made it official in 2006. | https://www.newsbreak.com/news/2687221973530/wizard-s-challenge-to-entertain-all-at-wyoming-s-big-show | 2022-08-03T21:05:13Z | https://www.newsbreak.com/news/2687221973530/wizard-s-challenge-to-entertain-all-at-wyoming-s-big-show | true | 1 |
Español
Italiano
Français
My Account
My Account
Notifications
Log In
QQQ
–
–%
DIA
–
–%
SPY
–
–%
TLT
–
–%
GLD
–
–%
BTC/USD
–
–%
Data & APIs
Events
Marketfy
Premarket
Contribute
Español
Italiano
Français
Sign in
News
Earnings
Guidance
Dividends
M&A
Buybacks
Legal
Interviews
Management
Retail Sales
Offerings
IPOs
Insider Trades
Biotech/FDA
Freight
Politics
Government
Healthcare
Markets
Pre-Market
After Hours
Movers
ETFs
Forex
Cannabis
Commodities
Options
Binary Options
Bonds
Futures
CME Group
Global Economics
Previews
Small-Cap
Cryptocurrency
Penny Stocks
Digital Securities
Ratings
Analyst Color
Downgrades
Upgrades
Initiations
Price Target
Ideas
Trade Ideas
Long Ideas
Short Ideas
Technicals
From The Press
Jim Cramer
Rumors
Best Stocks & ETFs
Best Penny Stocks
Best S&P 500 ETFs
Best Swing Trade Stocks
Best Blue Chip Stocks
Best High-Volume Penny Stocks
Best Small Cap ETFs
Fintech
News
Podcast
Personal Finance
Compare Online Brokers
Stock Brokers
Forex Brokers
Futures Brokers
Crypto Brokers
Options Brokers
ETF Brokers
Mutual Fund Brokers
Index Fund Brokers
Bond Brokers
Short Selling Brokers
Stock Apps
All Broker Reviews
Insurance
Auto
Home
Medicare
Life
Vision
Dental
Business
Pet
Health
Motorcycle
Renters
Workers Comp
Top Stocks
Penny Stocks
Stocks Under $5
Stocks Under $10
Stocks Under $20
Stocks Under $50
Stocks Under $100
Alternative Investing
Invest in Art
Invest in Land
Invest in Real Estate
Invest in Wine
Invest in Gold
Mortgages
Refinance
Purchase
Find a Mortgage Broker
Alts
Best Real Estate Crowdfunding Platforms
REITs Versus Crowdfunding
How to Invest in Artwork
Best Alternative Investments
Best Alternative Investment Platforms
Crypto
Get Started
Is Bitcoin a Good Investment?
Is Ethereum a Good Investment?
What is Blockchain
Best Altcoins
How to Buy Cryptocurrency?
DeFi
Crypto and DeFi 101
What is DeFi?
Decentralized Exchanges
Best DeFi Yield Farms
Digital Securities
NFTs
NFT Release Calendar
What is a Non-Fungible Token (NFT)?
How to Buy Non-Fungible Tokens (NFTs)
CryptoPunks Watchlist
Are NFTs a Scam or a Digital Bubble?
Best In Crypto
Best Crypto Apps
Best Crypto Portfolio Trackers
Best Crypto Day Trading Strategies
Best Crypto IRA
Best Cryptocurrency Scanners
Best Business Crypto Accounts
Best Crypto Screeners
Cannabis
News
Earnings
Interviews
Deals
Regulations
Psychedelics
TV
Watch
YouTube
Podcasts
Trading School
Personal Finance
Compare Online Brokers
Stock Brokers
Forex Brokers
Futures Brokers
Crypto Brokers
Options Brokers
ETF Brokers
Mutual Fund Brokers
Index Fund Brokers
Bond Brokers
Short Selling Brokers
Stock Apps
All Broker Reviews
Insurance
Auto
Home
Medicare
Life
Vision
Dental
Business
Pet
Health
Motorcycle
Renters
Workers Comp
Top Stocks
Penny Stocks
Stocks Under $5
Stocks Under $10
Stocks Under $20
Stocks Under $50
Stocks Under $100
Alternative Investing
Invest in Art
Invest in Land
Invest in Real Estate
Invest in Wine
Invest in Gold
Mortgages
Refinance
Purchase
Find a Mortgage Broker
Alts
Best Real Estate Crowdfunding Platforms
REITs Versus Crowdfunding
How to Invest in Artwork
Best Alternative Investments
Best Alternative Investment Platforms
Crypto
Get Started
Is Bitcoin a Good Investment?
Is Ethereum a Good Investment?
What is Blockchain
Best Altcoins
How to Buy Cryptocurrency?
DeFi
Crypto and DeFi 101
What is DeFi?
Decentralized Exchanges
Best DeFi Yield Farms
Digital Securities
NFTs
NFT Release Calendar
What is a Non-Fungible Token (NFT)?
How to Buy Non-Fungible Tokens (NFTs)
CryptoPunks Watchlist
Are NFTs a Scam or a Digital Bubble?
Best In Crypto
Best Crypto Apps
Best Crypto Portfolio Trackers
Best Crypto Day Trading Strategies
Best Crypto IRA
Best Cryptocurrency Scanners
Best Business Crypto Accounts
Best Crypto Screeners
Cannabis
News
Earnings
Interviews
Deals
Regulations
Psychedelics
TV
Watch
YouTube
Podcasts
Trading School
My Stocks
Tools
Calendars
Analyst Ratings Calendar
Dividend Calendar
Conference Call Calendar
Earnings Calendar
Economic Calendar
FDA Calendar
Guidance Calendar
IPO Calendar
M&A Calendar
Retail Sales Calendar
SPAC Calendar
Stock Split Calendar
Trade Ideas
Insider Trades
Trade Idea Feed
Analyst Ratings
Unusual Options Activity
Heatmaps
Short Interest
Most Shorted
Largest Increase
Largest Decrease
Calculators
Margin Calculator
100x Options Profit Calculator
Premium
QQQ
–
–%
DIA
–
–%
SPY
–
–%
TLT
–
–%
GLD
–
–%
BTC/USD
–
–%
DEUTSCHE DWS INVESTMENT TRUST (Form497K) (0000088053-22-000795)
Accepted:
Form Type:
497K
Accession Number:
0000088053-22-000795 | https://www.benzinga.com/secfilings/22/08/28295884/deutsche-dws-investment-trust-form497k-0000088053-22-000795 | 2022-08-03T21:08:20Z | https://www.benzinga.com/secfilings/22/08/28295884/deutsche-dws-investment-trust-form497k-0000088053-22-000795 | true | 254241 |
WASHINGTON, August 3, 2022 (by Michael Dickens)
American Frances Tiafoe, who grew up in nearby Hyattsville, Md., said the Citi Open is the one week he circles in every year. He’s super excited to be back in the Beltway, super excited to be playing at home in the ATP 500 hard-court event that is the kick-off to the US Open Series of North American hard-court events.
Earlier this week, Tennis TourTalk asked Tiafoe during his pre-tournament press conference if it’s more difficult or less difficult to be able to play a big tournament in his hometown. Also, Tiafoe was asked how important is it now that crowds are flocking back to tennis tournaments around the world for him to be able to play in front of an audience again.
There’s no place like home for @FTiafoe 🥰#CitiOpen pic.twitter.com/LDROy8024Q
— Citi Open (@CitiOpen) August 1, 2022
“The crowd perspective is what I absolutely love,” he said. “I think last year here was one of the, like, the first time we played in packed arenas. Loved it.
“Yeah, I’m such a huge fan of playing at home. I just love playing at home. It’s good and bad. Obviously, everyone roots for you, but everyone is wanting your time. [I’m] kind of managing that.
“Everyone here, the owner of the event is a great friend of mine, Mark Ein. I love the guy. It’s good to be back. Everyone wants me to do so well. I know everyone from credential people to media people, everyone I just want to put on a show and go deep.
“This year, I’m really looking forward to it.”
Earlier in the week, Tiafoe roamed the grounds of the Rock Creek Park Tennis Center in order to watch his friend and fellow American Hailey Baptiste play against women’s No. 1 seed Jessica Pegula. It is a match the 2019 Citi Open champion and current World No. 7 would win 6-2, 6-2.
“I just had to go out there and show love, show that I’m here with her,” Tiafoe said, smiling. “She’s got great potential. She can do a lot of great things. But, yeah, everyone’s journey is going to be a little different. … She definitely has the game. I just hope she puts it all together.”
The home favorite comes up BIG in doubles 🔥
D.C. native @FTiafoe & @alexdeminaur take out top seeds Ram/Zeballos 6-4, 1-6, 10-2!#CitiOpen pic.twitter.com/PGvXy9uXd5
— Citi Open (@CitiOpen) August 2, 2022
The 27th-ranked Tiafoe, seeded 10th this week and following up on a semifinal run at the Atlanta Open, has been putting it all together lately, which has extended to the doubles draw, too. Tiafoe and Alex de Minaur of Australia knocked off the No. 1 seeds Rajeev Ram and Horacio Zeballos of Argentina, 6-4, 1-6, 10-2 on Tuesday. Everything seems to be looking up for the likable Tiafoe.
Wednesday evening, Tiafoe plays in a featured Stadium court match against 156th-ranked wild card and fellow American Christopher Eubanks. In their most recent meeting, in the first round of last year’s US Open, Tiafoe prevailed in four sets.
Ajla Tomljanovic: ‘My Tennis Life’
Croatian-born Aussie Ajla Tomljanovic is not only personable, she’s also become popular for being one of the featured stars in the ongoing Tennis Channel online series “My Tennis Life,” along with American tennis player Tennys Sandgren.
After Tomljanovic advanced to the second round with a straight-forward 6-1, 6-4 victory over Sloane Stephens of the United States in the Stadium Tuesday afternoon, she sat for a cordial press conference with tournament media that included Tennis TourTalk.
Clean ace down the middle to secure it 💣
🇦🇺 @Ajlatom notches a victory over Stephens to advance in Washington!#CitiOpen pic.twitter.com/mEwlEsZ0qT
— wta (@WTA) August 2, 2022
As the five-minute give-and-take with reporters was winding down, Tennis TourTalk asked Tomljanovic to share a little bit of insight about what it’s been like having Tennis Channel chronicle her life on and off the tennis court.
“It’s funny, because I feel like in the States, obviously, a lot of people this week have come up to me and said, ‘Oh, I love watching your tennis life on Tennis Channel,’” she said in a bit of a self-deprecating tone of voice but smiling all the while.
A breathtaking performance from @Ajlatom 😍
She dispatches 2015 Citi Open champion Stephens 6-1, 6-4.#CitiOpen pic.twitter.com/ptPrscamNT
— Citi Open (@CitiOpen) August 2, 2022
“I get almost surprised because I totally forget that people actually watch it. I just put a lot of effort into sending in videos and stuff and getting as much interesting content as possible because certain weeks, you know, it’s really boring, my life.
“Like, I just train, I eat. So, I try to mix it up and make it fun.
“Weeks like here are good. I still haven’t filmed a lot, so I will probably, you know, get on it today and tomorrow.
“It’s really nice when people, like in person, tell me that they like watching it. It gives me motivation to keep going.”
Follow @AjlaTom as she reached the #Wimbledon quarterfinals for the second straight year and channeled her inner @Adele on the latest episode of #MyTennisLife. pic.twitter.com/0L75Nzt7YM
— Tennis Channel (@TennisChannel) July 8, 2022
Kyrgios is big for box office, period.
Let’s face it, Nick Kyrgios is big office wherever he plays – at the Grand Slams and, certainly, in Washington, D.C., where he won the 2019 Citi Open final over Daniil Medvedev.
This week, Citi Open fans are getting to see the talented but often-mercurial one up close and personal as the Aussie is playing both singles and doubles. As such, he’s been the featured attraction on the Stadium court three straight evenings. On Monday, he and Jack Sock teamed together to win their first-round doubles match over No. 3 seeds Marcelo Arevalo-Gonzalez of El Salvador and Jean-Julien Rojer of the Netherlands. Then, on Tuesday, Kyrgios won his first-round singles match over 2014 NCAA champion Marcos Giron from the United States. On Wednesday evening, Kyrgios will be back entertaining crowds against No. 14 seed Tommy Paul, another American.
Tuesday evening, fans flocked to the practice courts and stood three-deep or more to watch Kyrgios, who was decked out in a black NBA-style basketball jersey, hit about an hour before his match against Giron.
Thanks to Kyrgios’ appeal, both Tuesday and Wednesday sessions sold out. The Stadium holds about 7,500 fans – and the tournament put a few hundred additional grounds passes on sale to handle the abundant fan interest.
Fan advice doesn’t always work here 😂@NickKyrgios | #CitiOpen pic.twitter.com/4hBAUyAWWN
— Citi Open (@CitiOpen) August 3, 2022
Kyrgios was asked in press after beating Giron about his his decision to play doubles only last week in Atlanta and how it’s prepared him for singles this week.
“I think playing doubles is always, especially playing with a good friend [Thanasi Kokkinakis], it’s always enjoyable,” he said. “But for me, I’d rather play doubles and have that kind of competitive juices flowing rather than going out there and practicing.
“I feel like it’s obviously more stimulating for me to go out there and compete and obviously still play for money. To pick up another title with Thanasi, it’s huge.”
Nick at night 🌙@NickKyrgios serves up an impressive 6-3, 6-2 win over Giron!#CitiOpen pic.twitter.com/2hwLIiOOOS
— Citi Open (@CitiOpen) August 3, 2022
Marino first to reach Citi Open quarterfinals
Canada’s Rebecca Marino, who two days ago defeated American legend Venus Williams, became the first to reach the Citi Open women’s quarterfinals. On Wednesday afternoon on the John Harris court, the 111th-ranked Canadian defeated the 68th-ranked Andrea Petkovic of Germany, 6-3, 3-6, 6-1. It earned Marino her first WTA quarterfinal berth in four years.
First WTA quarterfinal in 4️⃣ years!
After defeating Venus Williams, 🇨🇦 Rebecca Marino follows it up with a 6-3, 3-6, 6-1 win over Petkovic.#CitiOpen pic.twitter.com/Rtffzlbsjt
— Citi Open (@CitiOpen) August 3, 2022
No. 1 seed Pegula upset by Saville
No. 88 Daria Saville provided the biggest upset of the day when she defeated No. 1 and 2019 Citi Open champion Jessica Pegula, 7-5, 6-4, on Stadium court. Saville saved nine of 10 break points and outpointed Pegula 71-67. The victory, her second Top 10 win of the season, advanced the 28-year-old Australian into the quarterfinal round against Canada’s Rebecca Marino.
Dash SMASH 💥
🇦🇺 @Daria_gav knocks out the Washington top seed and 2019 champion Pegula in straight sets!#CitiOpen pic.twitter.com/X7eshtvBkt
— wta (@WTA) August 3, 2022
Around the Citi Open
• No. 2 seed Hubert Hurkacz of Poland, playing his first match since losing in the first round to Alejandro Davidovich Fokina at Wimbledon, faced Finland’s Emil Ruusuvuori for the first time – and got more than he bargained for: he lost. While Hurkacz came in with a 14-6 win-loss record on hard courts this season, his lone title in 2022 has been on grass in Halle. Meanwhile, the 25-year-old Ruusuvuori, ranked 46th, arrived at the Citi Open in with a 12-7 hard-court record – and beat the World No. 11 Hurkacz, 6-4, 7-6 (3), to advance to the third round against No. 115 Mikael Ymer of Sweden, who eliminated No. 15 seed Aslan Karatsev of Russia, 6-4, 3-6, 6-4.
“I like the hard courts, for sure. Yesterday was a tough match – I didn’t play my best – and somehow I got through it. I gave myself an extra chance today,” said Ruusuvuori, who needed three sets to beat Mackenzie McDonald of the United States on Tuesday. “Today was much better.”
A massive upset to kick off Day 3️⃣ 😲
🇫🇮 @EmilRuusuvuori takes out No. 2 seed Hurkacz 6-4, 7-6(3)!#CitiOpen pic.twitter.com/BmHBuQi7Iq
— Citi Open (@CitiOpen) August 3, 2022
Ruusuvuori overcame 10 aces from Hurkacz and won 77 percent of his own first-serve points. He saved all four break-point chances from Hurkacz. Ruusuvuori outpointed his opponent 73-65.
“I just was able to hang in there in the first couple games. He had an early break point, but then I was able to keep that service game and give myself a chance to break him and I was able to use it and then just try to keep my own serve,” Ruusuvuori said in during his on-court interview inside the Stadium court. “I didn’t have many chances until the [second-set] tie-break and then I got a look at a couple second serves and [made] a couple deep returns, so that gave me the chance.”
• No. 9 seed Holger Rune of Denmark, at age 19 the youngest in the Citi Open men’s draw, advanced to the third round with a solid 6-3, 6-2 win over Benoit Paire of France that was over in 77 minutes on the Grandstand. The 19-year-old, 28th-ranked Dane won 82 percent of his first-serve points and saved all four break points he faced. Rune converted three of five break-points against the 112th-ranked Paire and outpointed him 68-51.
This is different 😂
Never change, @benoitpaire!#CitiOpen pic.twitter.com/8IpDblA0aQ
— Citi Open (@CitiOpen) August 3, 2022
Rune said he thought he handled the 87-degree heat as best as he could. “It was really hot, but it was the same for both players,” he said. “We’re both Europeans and we really don’t have this kind of heat. I thought I handled it really well out there. Obviously, the first match is never the easiest one. I had to go through a little pain, but I did it and I played well in the important points.”
Next, Rune will play either No. 6 seed Denis Shapovalov of Canada or 99th-ranked American wild card J.J. Wolf.
Rune-ing into the third round 🏃🏻♂️
🇩🇰 @holgerrune2003 cruises past Paire in just 77 minutes!#CitiOpen pic.twitter.com/3Avh3L29IQ
— Citi Open (@CitiOpen) August 3, 2022
• Popular New York Mets shortstop Francisco Lindor, whose team is in D.C. playing the Washington Nationals this week, stopped by Rock Creek Park Tennis Center Tuesday. While attending the Citi Open, Lindor had a chance to meet Hubert Hurkacz, Jack Sock and Tommy Paul.
“It was really cool meeting him,” Paul told the ATP Tour website. “I haven’t met many baseball players, but I told him I might go to a game if I have time. I actually payed baseball a little bit when I was really young, same position as him. So, it was cool. I’ll probably pay attention to him playing a little bit more now.”
🎾 🤝 ⚾️@Mets shortstop @Lindor12BC is in the house today!#CitiOpen pic.twitter.com/XBpz530vLH
— Citi Open (@CitiOpen) August 2, 2022
Lindor also renewed his acquaintance with Frances Tiafoe, whom he met at last year’s US Open.
“We’ve been cool for a little bit and kept in touch,” Tiafoe said, quoted by the ATP Tour website. “The main thing I like about him is I like his swag; how cool he is and how he supports players in other sports.”
Wednesday’s Citi Open ATP results
Wednesday’s Citi Open WTA results
By the numbers
American Jack Sock, ranked 105th, can re-enter the Top 100 of the Pepperstone ATP Rankings for the first time since October 2018 with a win over fellow American Maxime Cressy Wednesday evening. Sock is 11-7 lifetime at the Citi Open and was a 2017 semifinalist.
“Quotable …”
“When my dad coached Radek Stepanek – he won here in 2011 – I came here three times when I was a kid, when I was 13-15. Nothing’s really changed. I recognized all the same people. It’s really cool to come back and see everyone. I really feel at home here.”
– Sebastian Korda of the United States, during a conversation with reporters including Tennis TourTalk, following his first-round, 6-4, 7-6 (5) victory over Ilya Ivaska at the Citi Open.
Hey @TomFelton, we have a new Slytherin recruit for you. 🐍
“I’d be a Slytherin for sure…They get a bad rap but they’re quite cool and a little mysterious.” –@EmmaRaducanu pic.twitter.com/27iK2rkLVQ
— Citi Open (@CitiOpen) August 3, 2022
Source link | https://newslanes.com/2022/08/03/citi-open-tiafoe-super-excited-to-play-at-home-tennis-tourtalk/ | 2022-08-03T21:08:27Z | https://newslanes.com/2022/08/03/citi-open-tiafoe-super-excited-to-play-at-home-tennis-tourtalk/ | true | 1 |
BAKERSFIELD, Calif. (KGET) — A man accused of holding his ex-girlfriend at gunpoint while forcing her to take pills to induce a miscarriage has pleaded no contest to involuntary manslaughter, according to court records.
Jagmeet Sandhu pleaded no contest Wednesday and five other charges — including murder — were dismissed, according to the records. Sentencing is set for Aug. 31.
During an interview with police, Sandhu said he comes from a traditional Punjabi family and the cultural differences between his and his ex’s families meant the relationship would never work. He said his family had expressed disappointment and was “very upset” with him impregnating the ex, according to court documents.
He never introduced the woman — described only as “non-Indian” — to his family during the 11 months they dated, reports say.
His ex told police she broke up with Sandhu three weeks before the Dec. 10, 2019, incident because he kept pressuring her to have an abortion. He never returned the key to her home and entered that night and forced her to swallow the pills, according to her statement in court documents.
The 12-weeks pregnant woman said he told her, “Take these pills or I’m going to kill you.”
She became ill afterward and Sandhu left, the woman told police. She went to a hospital where a doctor said the fetus died as a direct result of the pills.
Sandhu denied owning a gun or engaging in criminal activity. | https://www.kget.com/news/crime-watch/jagmeet-sandhu-miscarriage-manslaughter-no-contest-bakersfield/ | 2022-08-03T21:08:48Z | https://www.kget.com/news/crime-watch/jagmeet-sandhu-miscarriage-manslaughter-no-contest-bakersfield/ | false | 1 |
Presentation to feature the Company's soon-to-be launched bispecific and custom productivity assay for the Opto® Cell Line Development workflow
EMERYVILLE, Calif., Aug. 3, 2022 /PRNewswire/ -- Berkeley Lights, Inc. (Nasdaq: BLI), a leader in digital cell biology, today announced its participation at the Cambridge Healthtech Institute's (CHI) 14th Annual Bioprocessing Summit (BPS) being held from August 15 - 18, 2022, virtually and at the Sheraton Boston in Boston, Massachusetts. The BPS Summit allows for industry leaders to share the latest research in bioprocess R&D, scale-up, quality, and analytics.
As a premier sponsor of BPS, Berkeley Lights will feature its Beacon® optofluidic platform technology and workflows in booth #413. Attendees will have a chance to explore hands-on demonstrations of the technology as well as how to apply the Berkeley Lights Custom Productivity Assay for cell line development (CLD) to rapidly select clones that are producing high-quality bispecific molecules.
In addition, Aurora Fabry-Wood, Ph.D. of Berkeley Lights will discuss BEYOND TITER: Identify Top Producers with Favorable Product Quality Attributes within 5 days of Cloning as part of the Stable Expression of Complex Biologics track.
Details: Tuesday, August 15, 9:30 a.m.-10:00 a.m. ET
Abstract: CHO cell line selection is a painful bottleneck in biotherapeutic development, particularly for complex molecules like bispecifics. The Berkeley Lights Opto® CLD workflow on the Beacon® system accelerates early CLD by integrating high throughput cell sorting, cloning, culture, productivity, growth, and product quality assays into a single, five-day automated process. Learn how the Berkeley Lights technology enables the capabilities of on-chip detection that pinpoints the best clones early on.
Visit the Berkeley Lights website for more information on its Cell Line Development workflow.
Berkeley Lights is a leading digital cell biology company focused on enabling and accelerating the rapid development and commercialization of biotherapeutics and other cell-based products for our customers. The Berkeley Lights Platform captures deep phenotypic, functional, and genotypic information for thousands of single cells in parallel and can also deliver the live biology customers desire in the form of the best cells. Our platform is a fully integrated, end-to-end solution, comprised of proprietary consumables, including our OptoSelect® chips and reagent kits, advanced automation systems, and application software. We developed the Berkeley Lights Platform to provide the most advanced environment for rapid functional characterization of single cells at scale, the goal of which is to establish an industry standard for our customers throughout their cell-based product value chain.
To the extent that statements contained in this press release are not descriptions of historical facts regarding Berkeley Lights or its products, they are forward-looking statements reflecting the current beliefs and expectations of management. Such forward-looking statements involve substantial known and unknown risks and uncertainties that relate to future events, and actual results and product performance could differ significantly from those expressed or implied by the forward-looking statements. Berkeley Lights undertakes no obligation to update or revise any forward-looking statements. For a further description of the risks and uncertainties relating to the Company's growth and continual evolution see the statements in the "Risk Factors" sections, and elsewhere, in our filings with the U.S. Securities and Exchange Commission.
View original content to download multimedia:
SOURCE Berkeley Lights, Inc. | https://www.alaskasnewssource.com/prnewswire/2022/08/03/berkeley-lights-participate-cambridge-healthtech-institutes-14th-annual-bioprocessing-summit-conference/ | 2022-08-03T21:09:00Z | https://www.alaskasnewssource.com/prnewswire/2022/08/03/berkeley-lights-participate-cambridge-healthtech-institutes-14th-annual-bioprocessing-summit-conference/ | false | 11 |
Moga ASI held for supplying drugs to Faridkot jail inmates
FARIDKOT: An assistant sub-inspector (ASI) of Punjab Police posted at Moga was on Wednesday arrested for supplying drugs to two inmates at Faridkot jail on their return from a court hearing.
The accused has been identified as ASI Raj Singh of Moga. The police have also booked two jail inmates Vikram Singh of Talwandi Bhai and Rawel Singh of Samalsar in the Moga district.
Investigation officer Sukhdev Singh said a complaint was filed by the assistant jail superintendent that 50 grams of intoxicant powder was recovered from the possession of Vikram and Rawel during their checking on the entrance gate of the jail.
“Moga police had taken both from the jail for their appearance in the local court in a case. When they returned, intoxicating powder was recovered during their frisking by Faridkot jail officials. During interrogation, they confessed that ASI Raj Singh handed over the drug to them on the bus when they were returning back to jail after the court hearing. They said one of their friends had given the package to ASI. We have arrested Raj Singh and further investigation is under process,” the investigation officer added. A case was registered under sections of the Narcotic Drugs and Psychotropic Substances (NDPS) Act at Faridkot city police station.
-
Free entry at Taj Mahal, Agra Fort from August 5 to 15
Entry to the Taj Mahal, Agra Fort, Fatehpur Sikri and other monuments of Archaeological Survey of India (ASI) will be free from August 5 to August 15, said Superintending Archaeologist for Agra Circle of Archeological Survey of India, Raj Kumar Patel. He said this was done on the occasion of 'Azadi Ka Amrit Mahotsav' to commemorate 75 years of India's Independence.
-
Mann gives nod for reducing PPSC members from 10 to 5
Chandigarh: In an austerity measure, Punjab chief minister Bhagwant Mann on Wednesday approved reduction of members of the Punjab Public Service Commission from the existing 10 to five. The CM said salaries, perks and other emoluments of these 10 members are putting an undue burden on the state exchequer. The CM said keeping in view these issues, it has been decided that the existing number of these members will be halved.
-
Punjab CM advises MLAs against ‘raids’ on govt institutions
Chief minister Bhagwant Mann on Wednesday asked the party MLAs to proactively focus on development works and issues of public importance without disturbing the balance between executive and legislative. The CM's advice to the AAP MLAs came just days after health minister Chetan Singh Jouramajra's humiliation of Baba Farid varsity vice-chancellor Dr Raj Bahadur, who later resigned from his post, drew widespread flak. Mann's meetings with the MLAs lasted five hours.
-
NHAI starts repair of service lanes in Jagraon
The National Highway Authority of India has started repairing service lanes and national highways in Ludhiana's Jagraon sub-division. Sub-divisional magistrate Vikas Hira said the administration had been for the past year constantly taking up the issue of repairing the service lanes and making the road motorable with NHAI. He also pointed out that NHAI had blacklisted the concessionaire of this particular highway which failed to maintain service lanes.
-
Vijay Yadav beats all odds, wins Judo bronze at C’wealth Games
With Vijay Kumar Yadav, the Judo bronze medallist at the Commonwealth Games' deep passion for sports, Vijay defeated poverty and the lack of facilities to achieve his goal. His father Dasharath Yadav, 62, is a marginal farmer. Ajai Yadav is the elder brother of Vijay. He said that Vijay completed his elementary education at a government primary school in the village. After that Vijay went to Saharanpur for Judo training where he stayed up to 2016. | https://www.hindustantimes.com/cities/chandigarh-news/moga-asi-held-for-supplying-drugs-to-faridkot-jail-inmates-101659555371691.html | 2022-08-03T21:13:55Z | https://www.hindustantimes.com/cities/chandigarh-news/moga-asi-held-for-supplying-drugs-to-faridkot-jail-inmates-101659555371691.html | false | 2 |
Hays-Blanco county blaze burns 800 acres in drought-fueled outbreak of wildfires
At least six wildfires continued to burn Wednesday across the five-county Austin metro area, including a massive blaze charring a swath of Hill Country along the Hays-Blanco county line.
That wildfire, dubbed the Smoke Rider fire by the Texas A&M Forest Service, had burned 800 acres but was 50% contained as of 4 p.m. Wednesday.
The areas surrounding the fire are home to several wedding venues, such as Joell Ebbert’s popular Mae’s Ridge.
On Wednesday afternoon, Ebbert said the fire was about a half-mile away from her venue. However, she added that the winds were continuing to blow away from the venue.
“We just don’t want our couples to panic,” Ebbert said, explaining that this was the first time a fire has spread so close to her business. “It’s very scary, but we just want them to know that everything is fine and we’re safe and it’s all good.”
Five other brush fires also remained active across the Austin metro area:
- The Buda fire in northern Hays County that began at the end of July has burned 89.5 acres but was 95% contained.
- The Margarita fire that erupted this week in the western corner of Bastrop County has burned 96 acres but was 95% contained.
- Two more fires in Bastrop County, dubbed Unit 54 and Midnight, each burned about 5 acres in the eastern half of the county north of Texas 71. Both were 50% to 60% contained.
- The Sky Diver fire just north of Luling in southern Caldwell County burned 10 acres but was 98% contained.
What's the fire situation in Texas?
The forest service deemed the Blue Bluff fire, which burned 45 acres south of Walter E. Long Lake in eastern Travis County, to be contained. The Old Colony fire east of Lockhart in Caldwell County had burned 40 acres but was 95% contained. The rash of blazes in the Austin metro area comes a week after firefighters scrambled last week to douse the San Gabriel brush fire that burned nearly 450 acres near Lake Georgetown in Williamson County.
Back on July 22, the Texas A&M Forest Service said that since Jan. 1, the agency and local fire departments have responded to 6,809 wildfires that have burned 596,427 acres across the state. The forest service this week said that, on Tuesday alone, the agency responded to 26 wildfires that burned 3,593 acres.
"Fire danger persists for the Western/Eastern Hill Country, Cross Timbers, Rolling Plains and North Texas," the agency tweeted Wednesday.
Across the state, firefighting resources are being mustered to battle brush fires fueled by crispy vegetation struggling to survive the most widespread Texas drought in a decade.
As much as 99.2% of Texas was experiencing drought conditions, according to the latest data released last week by the U.S. Drought Monitor, a joint effort of the National Drought Mitigation Center, the U.S. Agriculture Department and the National Oceanic and Atmospheric Administration. Texas drought hasn't been this widespread since January 2012, when 99.5% of Texas was in drought, from "abnormally dry," the lowest level of drought, to "exceptional drought," the most severe level on the drought monitor's scale.
The two most severe levels of drought — extreme and exceptional drought, typified by crop loss and extreme sensitivity to fire danger — now cover 60% of Texas. The Texas Water Development Board, which finances water supply projects, notes that the state also is seeing the largest extent of extreme and exceptional drought since January 2012, when such conditions covered about 62.5% of the state.
Drought monitor data also indicate that at least 22.8 million Texans live in drought-stricken areas and that 2022 to date is the state's sixth-driest year in the past 128 years.
According to the crop and weather report from Texas A&M AgriLife released Tuesday, "dry conditions made for extremely poor forage for livestock" in Central Texas and the Hill Country.
Texas agriculture:Despite high demand for beef, it's a tough time to be a Texas cattle rancher. Here's why many are reducing herds.
"Hay continued to be imported to supplement livestock," the report said. "Corn and milo (grain sorghum) harvest was wrapping up with below-average yields reported. Hot and extreme heat was expected to continue through the week."
Of the state's 254 counties, all but 30 have imposed outdoor burn bans. In the Austin metro area, all five counties —Travis, Hays, Williamson, Bastrop and Caldwell — have burn bans.
What's the weather forecast for Austin?
Dangerously high temperatures remain in the forecast this week, the National Weather Service said in a bulletin Wednesday.
"Those with outdoor plans should exercise proper heat precautions by drinking plenty of water, wearing light-colored/loose-fitting clothing, and taking frequent cooling breaks in shaded and/or air-conditioned environments," forecasters said.
Safety:Use hydration, common sense to protect yourself from Central Texas heat
Although the weather service's extended forecast for Austin calls for more triple-digit temperatures, it includes a slim chance of rain on Friday.
Thursday should be mostly sunny with a high near 104 degrees that elevated humidity will make it feel more like 109. Southerly winds of 5 to 10 mph that could have 20 mph gusts will bring moisture from the Gulf of Mexico, creating cloudy conditions in the evening that will help keep overnight temperatures above 78 degrees.
A 20% chance of afternoon showers appears in Austin's forecast for Friday. Otherwise expect mostly sunny skies and a maximum temperature of 100 degrees. Clouds will linger at night and help keep the overnight low temperature above 78.
Austin weather:Austin's unreal summer in 10 real numbers
But forecasters also warn that "a Saharan Air Layer swell moves into South Texas at this time, which could result in additional limitations to rain chances."
Saturday has the best chances of having temperatures below 100 degrees, the weather service said.
"By Monday, the triple-digit heat comes right back to most of the area, but this heat wave looks to be less oppressive in showing only a marginal threat for heat advisory-level weather and humidity," forecasters said in the bulletin. | https://www.statesman.com/story/weather/2022/08/03/smoke-rider-fire-other-fires-burn-texas-drought-fueled-wildfires/65390783007/ | 2022-08-03T21:17:00Z | https://www.statesman.com/story/weather/2022/08/03/smoke-rider-fire-other-fires-burn-texas-drought-fueled-wildfires/65390783007/ | false | 1 |
Español
Italiano
Français
My Account
My Account
Notifications
Log In
QQQ
–
–%
DIA
–
–%
SPY
–
–%
TLT
–
–%
GLD
–
–%
BTC/USD
–
–%
Data & APIs
Events
Marketfy
Premarket
Contribute
Español
Italiano
Français
Sign in
News
Earnings
Guidance
Dividends
M&A
Buybacks
Legal
Interviews
Management
Retail Sales
Offerings
IPOs
Insider Trades
Biotech/FDA
Freight
Politics
Government
Healthcare
Markets
Pre-Market
After Hours
Movers
ETFs
Forex
Cannabis
Commodities
Options
Binary Options
Bonds
Futures
CME Group
Global Economics
Previews
Small-Cap
Cryptocurrency
Penny Stocks
Digital Securities
Ratings
Analyst Color
Downgrades
Upgrades
Initiations
Price Target
Ideas
Trade Ideas
Long Ideas
Short Ideas
Technicals
From The Press
Jim Cramer
Rumors
Best Stocks & ETFs
Best Penny Stocks
Best S&P 500 ETFs
Best Swing Trade Stocks
Best Blue Chip Stocks
Best High-Volume Penny Stocks
Best Small Cap ETFs
Fintech
News
Podcast
Personal Finance
Compare Online Brokers
Stock Brokers
Forex Brokers
Futures Brokers
Crypto Brokers
Options Brokers
ETF Brokers
Mutual Fund Brokers
Index Fund Brokers
Bond Brokers
Short Selling Brokers
Stock Apps
All Broker Reviews
Insurance
Auto
Home
Medicare
Life
Vision
Dental
Business
Pet
Health
Motorcycle
Renters
Workers Comp
Top Stocks
Penny Stocks
Stocks Under $5
Stocks Under $10
Stocks Under $20
Stocks Under $50
Stocks Under $100
Alternative Investing
Invest in Art
Invest in Land
Invest in Real Estate
Invest in Wine
Invest in Gold
Mortgages
Refinance
Purchase
Find a Mortgage Broker
Alts
Best Real Estate Crowdfunding Platforms
REITs Versus Crowdfunding
How to Invest in Artwork
Best Alternative Investments
Best Alternative Investment Platforms
Crypto
Get Started
Is Bitcoin a Good Investment?
Is Ethereum a Good Investment?
What is Blockchain
Best Altcoins
How to Buy Cryptocurrency?
DeFi
Crypto and DeFi 101
What is DeFi?
Decentralized Exchanges
Best DeFi Yield Farms
Digital Securities
NFTs
NFT Release Calendar
What is a Non-Fungible Token (NFT)?
How to Buy Non-Fungible Tokens (NFTs)
CryptoPunks Watchlist
Are NFTs a Scam or a Digital Bubble?
Best In Crypto
Best Crypto Apps
Best Crypto Portfolio Trackers
Best Crypto Day Trading Strategies
Best Crypto IRA
Best Cryptocurrency Scanners
Best Business Crypto Accounts
Best Crypto Screeners
Cannabis
News
Earnings
Interviews
Deals
Regulations
Psychedelics
TV
Watch
YouTube
Podcasts
Trading School
Personal Finance
Compare Online Brokers
Stock Brokers
Forex Brokers
Futures Brokers
Crypto Brokers
Options Brokers
ETF Brokers
Mutual Fund Brokers
Index Fund Brokers
Bond Brokers
Short Selling Brokers
Stock Apps
All Broker Reviews
Insurance
Auto
Home
Medicare
Life
Vision
Dental
Business
Pet
Health
Motorcycle
Renters
Workers Comp
Top Stocks
Penny Stocks
Stocks Under $5
Stocks Under $10
Stocks Under $20
Stocks Under $50
Stocks Under $100
Alternative Investing
Invest in Art
Invest in Land
Invest in Real Estate
Invest in Wine
Invest in Gold
Mortgages
Refinance
Purchase
Find a Mortgage Broker
Alts
Best Real Estate Crowdfunding Platforms
REITs Versus Crowdfunding
How to Invest in Artwork
Best Alternative Investments
Best Alternative Investment Platforms
Crypto
Get Started
Is Bitcoin a Good Investment?
Is Ethereum a Good Investment?
What is Blockchain
Best Altcoins
How to Buy Cryptocurrency?
DeFi
Crypto and DeFi 101
What is DeFi?
Decentralized Exchanges
Best DeFi Yield Farms
Digital Securities
NFTs
NFT Release Calendar
What is a Non-Fungible Token (NFT)?
How to Buy Non-Fungible Tokens (NFTs)
CryptoPunks Watchlist
Are NFTs a Scam or a Digital Bubble?
Best In Crypto
Best Crypto Apps
Best Crypto Portfolio Trackers
Best Crypto Day Trading Strategies
Best Crypto IRA
Best Cryptocurrency Scanners
Best Business Crypto Accounts
Best Crypto Screeners
Cannabis
News
Earnings
Interviews
Deals
Regulations
Psychedelics
TV
Watch
YouTube
Podcasts
Trading School
My Stocks
Tools
Calendars
Analyst Ratings Calendar
Dividend Calendar
Conference Call Calendar
Earnings Calendar
Economic Calendar
FDA Calendar
Guidance Calendar
IPO Calendar
M&A Calendar
Retail Sales Calendar
SPAC Calendar
Stock Split Calendar
Trade Ideas
Insider Trades
Trade Idea Feed
Analyst Ratings
Unusual Options Activity
Heatmaps
Short Interest
Most Shorted
Largest Increase
Largest Decrease
Calculators
Margin Calculator
100x Options Profit Calculator
Premium
QQQ
–
–%
DIA
–
–%
SPY
–
–%
TLT
–
–%
GLD
–
–%
BTC/USD
–
–%
VonMercier Inc. (FormC)
Accepted:
Form Type:
C
Accession Number:
0001855423-22-000003 | https://www.benzinga.com/secfilings/22/08/28296649/vonmercier-inc-formc | 2022-08-03T21:21:16Z | https://www.benzinga.com/secfilings/22/08/28296649/vonmercier-inc-formc | true | 254241 |
What dreams are made of – England match-winner Chloe Kelly savours Euro title
England’s hero Chloe Kelly said she was living the dream after firing her country to Euro 2022 glory.
Kelly came off the bench to score a 110th-minute winner and give the Lionesses a 2-1 win against Germany in the final at Wembley.
After Ella Toone’s opener had been cancelled out in normal time by Lina Magull, the Manchester City forward poked home from close range to spark euphoric scenes at the national stadium as England went on to win a major tournament for the first time.
Kelly was more interested in singing Sweet Caroline than answering questions in her flash TV interview, but did say this was her dream growing up.
“Oh my God, look at them, it is amazing, thank you to every single person that supported us,” she said on the BBC, indicating the crowd in the background. “This is unreal… Sweet Caroline!
“It’s amazing, thank you everyone, this is what dreams are made of, as a young girl watching women’s football. Wow, this is unbelievable.”
Kelly’s story is made even more memorable by the fact that she only came back from a serious cruciate ligament injury in April.
She added: “Thank you for everyone who played a part in my rehab. I always believed I’d be here, but to be here and score the winner, wow. These girls are amazing.
“This is amazing, I just want to celebrate now.”
England’s maiden success has been masterminded by Sarina Wiegman, who has now won back-to-back European Championships after her 2017 success with the Netherlands.
The Dutchwoman said: “We won the cup. It is unbelievable. It is incredible.
“If you really want to win and become better every single day, that is what I have noticed, and it is incredible, they want to do it together.
“We agreed on a couple of things about behaviour and they weren’t just words, we lived it. The game was so tight, there was a little bit of fight in there, but who cares, we won 2-1. We are European champions.
“We broke through barriers against Spain and we had to do it again. I don’t have any secrets. I don’t think I have realised what is going on, I need some time.”
After the tournament produced record attendances, including the highest ever in a European Championship final, England captain Leah Williamson wants the success to mean something in the future.
She said: “The legacy of this tournament is a change in society, it is everything that we have done, we brought everybody together, we got people at games.
“We want them to come to WSL games, the legacy is this team are winners and that is the start of a journey.”
Williamson also described victory as “the proudest moment of my life”.
“I just can’t stop crying,” she said on BBC One.
“Something like this, we talk and we talk and we talk and we finally did it. It’s about doing it on the pitch and I’ll tell you what, the kids are all right.
“It is the proudest moment of my life until the day I have kids I suppose. I am taking everything in, every piece of advice was take every single second in so I can relive it forever. I’ll be reliving that for a long time.”
She said: “The legacy of this tournament is a change in society, it is everything that we have done, we brought everybody together, we got people at games.
Beth Mead won the Golden Boot and was named player of the tournament, 12 months after she was left out of Team GB’s Olympic squad for the Tokyo Games.
“I can’t believe it, sometimes football puts you down but bouncing back is the best way and that is what we have done,” she said.
“I am speechless, I can’t take it all in, I am still in shock. I can’t believe we’ve won it, I just can’t, it’s mad.
“I am so, so proud of this team. I love this team and I love this country.”
The best videos delivered daily
Watch the stories that matter, right from your inbox | https://www.newsbreak.com/news/2687226983162/what-dreams-are-made-of-england-match-winner-chloe-kelly-savours-euro-title | 2022-08-03T21:21:49Z | https://www.newsbreak.com/news/2687226983162/what-dreams-are-made-of-england-match-winner-chloe-kelly-savours-euro-title | true | 7 |
Drug crisis: deaths from opiates and cocaine hit record levels
DRUG deaths have soared to record numbers with more caused by cocaine and opiates, experts said yesterday.
There has been a rise in users mixing substances to maximise effects, while gangs cut Class A drugs with high-strength synthetic opioids many times stronger than heroin to boost their profits, according to the National Crime Agency (NCA).
Cocaine took my boy away
The heartbroken family of a cocaine addict who took his own life said the drug had “got its claws” into him.
Peter Whale, 29, died by suicide in June after spending as much as £250 a day on the drug.
His mother Linda said: “I didn’t have a clue about the pain he was in. I really didn’t. He was always full of life and fun.”
His brother John said they put a tracker in Peter’s van so they knew if he was buying drugs. But it led them to discover what had happened on the day he died when they found it was near a cliff.
John raced to the scene before having to break the news to his parents. He said: “It was just absolutely horrendous.” The family, from South Tyneside, are now setting up a charity to educate about drug addiction.
Linda told ITV Tyne Tees: “It’s been hell, absolute hell. No child should go before their parents.”
Data shows 645 men and 195 women died last year after taking cocaine, seven times the toll a decade ago, among 4,859 drug deaths overall.
It is the ninth consecutive annual rise, up 6.2 per cent in a year and the highest since records began in 1993. There were big increases in deaths relating to methadone and pyschoactive substances.
Emerging trends including taking drugs such as benzodiazepines alongside heroin and morphine may increase the overdose risk.
Lawrence Gibbons, NCA head of drug threat, said: “Organised crime groups have been known to contaminate Class A drugs with high-strength synthetic opioids, hundreds of times stronger than heroin, which can cause fatal overdoses.”
People in the North East of England were more than three times more likely to die due to drugs misuse than people in the East – 104.1 deaths per million people, compared with 27.4 per million.
Mike Trace, chief executive of dependence charity The Forward Trust, said: “The pandemic has made things worse.
“Most deaths are what we call ‘deaths of despair’...people who are lonely, they’re using drugs in situations where they don’t have support or other people to protect them. We need to provide much better support and inclusion to people who are living very isolated, marginalised lives.”
Mark Moody, the chief executive of the social care charity Change Grow Live, said that “the only reasonable response to the statistics is to redouble our efforts to stop more people losing their lives to drugs”.
He added: “The Government’s new drug strategy is a once-in-a-generation opportunity to change things for the better.”
Comment by David Fothergill - Chair, LGA Community Wellbeing Board
These statistics published today are very concerning, with drug-related fatalities showing sharp increases compared with 2020.
Every loss to drug misuse is a tragedy and councils are determined to ensure vulnerable people have the right support and treatment.
Many overdose deaths are preventable. We must support and expand the provision of naloxone, a drug that can reverse the effects of an opiate overdose, and provide overdose training for drug service users, drug users not in treatment, family and friends, hostel residents and others.
Commissioning good quality and effective drug treatment services is essential. But rising deaths demands more.
Working in partnership with the police, social care, housing, mental health and prisons, councils can play a vital role in ensuring everyone affected gets help. | https://www.express.co.uk/news/uk/1650159/drug-deaths-crisis-cocaine-opiates-record-levels | 2022-08-03T21:22:11Z | https://www.express.co.uk/news/uk/1650159/drug-deaths-crisis-cocaine-opiates-record-levels | true | 1 |
SAN LEANDRO, Calif. (AP) _ Energy Recovery Inc. (ERII) on Wednesday reported a second-quarter loss of $2.4 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the San Leandro, California-based company said it had a loss of 4 cents. Earnings, adjusted for stock option expense and non-recurring costs, were less than 1 cent on a per-share basis.
The maker of energy recovery devices posted revenue of $20.3 million in the period.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ERII at https://www.zacks.com/ap/ERII | https://www.stamfordadvocate.com/business/article/Energy-Recovery-Q2-Earnings-Snapshot-17349400.php | 2022-08-03T21:22:46Z | https://www.stamfordadvocate.com/business/article/Energy-Recovery-Q2-Earnings-Snapshot-17349400.php | true | null |
LOS ANGELES (WJW) — A California judge has reportedly issued a temporary restraining order against a man accused of elder abuse against actor Edie McClurg, who is in her 70s.
TMZ reported that Michael Ramos wedged himself into the life of the “Ferris Bueller’s Day Off” star, who now lives with dementia. The ruling means Ramos must move out of McClurg’s home and cannot be within 100 yards of her.
A hearing in the case is scheduled for September.
The conservator for McClurg, Angelique Cabral, had filed a protective order against Ramos Monday, saying he attempted to marry the actor and also sexually assaulted one of her caregivers at her home, People reported.
“Mr. Ramos claims to be the conservatee’s ‘longtime friend’ and was able to ingratiate himself into the conservatee’s life while she was battling dementia,” Cabral said in court documents obtained by People. “[Ramos], who is unemployed, was able to finagle his way into the conservatee’s home even though he has never paid rent or any of the expenses.”
Cabral said that a court was able to “prevent” Ramos from attempting to take McClurg out of the state for the purpose of marriage, and made clear the two were never lovers.
A police report was also previously made against Ramos regarding the sexual assault charges against one of McClurg’s caregivers.
In the court documents, Cabral did not hold back her opinion on Ramos, saying he “clearly needs professional help.”
The National Sexual Assault Hotline can be reached at 1-800-656-HOPE (4673). | https://www.fox46.com/nexstar-media-wire/ferris-bueller-actor-edie-mcclurg-allegedly-abused-by-man-who-tried-to-marry-her/ | 2022-08-03T21:25:00Z | https://www.fox46.com/nexstar-media-wire/ferris-bueller-actor-edie-mcclurg-allegedly-abused-by-man-who-tried-to-marry-her/ | true | 15 |
23XI Racing Reacts To The Kurt Busch Announcement
Kurt Busch announced on Wednesday that he'll have to miss this weekend's NASCAR Cup Series FireKeepers Casino 400 at Michigan International Speedway.
"While I am continuing to make improvements every day and can’t wait to get back in the No. 45 Monster Energy Toyota Camry TRD, I have yet to be cleared to return to competition and will not be participating in the NASCAR Cup Series race this weekend at Michigan International Speedway," Busch wrote. "I know Ty [Gibbs] will continue to do a great job representing 23XI and the No. 45 Monster Energy team this weekend in Michigan. I am working hard to get back to 100% and it’s my hope to be back in the car at Richmond Raceway. Thanks to everyone for the continued support and I look forward to being back on track soon."
Busch has been out of action since suffering concussion-like symptoms on July 23.
23XI Racing had a brief response to Busch's statement, replying, "We’re looking forward to Kurt being back to 100% and on track."
This Sunday's race will be the third one that Busch will miss this season.
If Busch is cleared fairly soon, he could potentially compete at Richmond Raceway next Sunday.
Hopefully, Busch makes a speedy recovery from his injury. | https://thespun.com/more/nascar/23xi-racing-reacts-to-the-kurt-busch-announcement | 2022-08-03T21:25:18Z | https://thespun.com/more/nascar/23xi-racing-reacts-to-the-kurt-busch-announcement | true | 1 |
Comments / 1
Related
RB Leipzig Leading Race Against Newcastle and Juventus For Chelsea Star Timo Werner
The 26-year-old has many suitors this transfer window as he looks to leave Stamford Bridge.
Report: Phil Foden Agrees New Long-Term Deal At Manchester City
Manchester City's Phil Foden has agreed to a new long-term deal at the club. City have already tied Riyad Mahrez and Rodri down the new deals this window, so it was only a matter of time before Phil Foden's deal was agreed.
Lionesses’ Earnings For Euro 2022 Is Same As Cristiano Ronaldo’s Daily Pay At Manchester United
Members of the Lionesses squad will each get £55,000 for winning the Euro 2022 tournament, which is the same amount as Cristiano Ronaldo earns per day. The prize package was pre agreed between the team and the Football Association and the bonus for lifting the trophy was set at £55,000.
UEFA・
Liverpool Defender Virgil Van Dijk Has Given Erling Haaland Some Advice
Virgil Van Dijk came up against Erling Haaland in a Manchester City shirt for the first time in the Community Shield with the Dutchman coming out on top as his side won 3-1 but he had some words for City's new main man.
RELATED PEOPLE
UEFA Women's Euro 2022: Best Photos From England's History-Making Win Over Germany
Check out some of the best photos from what was a landmark day in British sports.
UEFA・
FOX Sports
Chloe Kelly wins Euro 2022 for England with extra-time goal
Football finally came home on Sunday thanks to England's women. A year after England's men's national team lost the final of the European Championship to Italy at Wembley Stadium in London, the Lionesses avoided the same fate by dropping old enemy Germany 2-1 in the UEFA Women's Euro 2022 decider at the same iconic venue.
UEFA・
When is England Women’s next match?
ENGLAND'S 56 years of misery was put to an end when the Lionesses defeated Germany in a record breaking Women's Euro final - and fans are itching to see them back in action. The Lionesses had a phenomenal tournament, winning every single match and only conceding two goals. And a...
FIFA・
Euro 2022: our writers select their highs and lows from the tournament
From Georgia Stanway’s rocket to Alexandra Popp’s heartbreak via some electric matches in front of record-breaking crowds
UEFA・
IN THIS ARTICLE
BBC
Rangers set for Monaco or PSV, Hearts face Linfield or Zurich & Dundee Utd could meet Riga or Gil Vicente
Champions League qualifying: Union Saint-Gilloise v Rangers. Venue: Den Dreef, Leuven Date: Tuesday, 2 August Kick-off: 19:45 BST. Coverage: Listen on BBC Radio Scotland Extra/DAB/810MW, live text commentary on BBC Sport website & app. Monaco or PSV Eindhoven will stand between Rangers and a place in the Champions League group...
UEFA・
BBC
Transfer news: United in for Sesko as defenders set to leave
Red Bull Salzburg are open to offers in excess of £45m for 19-year-old Slovenia forward Benjamin Sesko, who is a target for Manchester United, as well as for Chelsea and Newcastle United. (i Sport), external. United boss Erik ten Hag is looking to sell six defenders before the end...
‘A new Wembley scam’: Angry German media reacts to Euro 2022 loss to England
German media reacted angrily to their team’s defeat to England on Sunday, blaming a “new Wembley scam” for robbing them of victory. Tabloid newspaper Bild blamed a supposed referee error made in the 25th minute of the game. In a piece entitled “Rage after Wembley Scandal”, they wrote: “The German football players lost a clear penalty against England in the final of the Euros and lost dramatically in extra time 1-2. In Wembley of all places!“Referee Kateryna Monzul did not see a clear handball from England captain Leah Williamson on the line.” The moment was checked by VAR but...
ESPN
England's Alessia Russo: We are ready for USWNT challenge in October
Alessia Russo has said England's Euro 2022 winners are ready for the challenge of facing world champions United States in an "amazing" occasion at Wembley Stadium in October. Sarina Wiegman's Lionesses, who claimed England women's first major trophy by beating Germany in the final at Wembley on Sunday, will face the four-time World Cup winners for the first time since 2020 in a friendly on Oct 7.
YOU MAY ALSO LIKE
theScore
EPL 2022-23: Best bets to win it all
The 2022-23 EPL campaign begins in just a couple of days. Let's take a look at where the value lies for league winners in what promises to be an enticing and action-packed season. TEAM ODDS. Manchester City -175 Liverpool +250. Tottenham +1200. Chelsea +1600. Arsenal +2800. Manchester United +2800. Newcastle...
BBC
'Phillips' £10m asking price is too much'
Journalist Luke Edwards expects Nat Phillips to leave Anfield this summer, but he says Liverpool will probably have to lower their asking price. Bournemouth and Fulham are both keen to sign the centre-back, but the Reds reportedly want more than £10m. Edwards told the Transfer Gossip Daily podcast: "He’s...
BBC
World Cup qualifying: Wales' key clash with Slovenia to be watched by record crowd
Wales will be backed by a record crowd for a home women's international in their key World Cup qualifier against Slovenia on Tuesday, 6 September. The Football Association of Wales says there has been a "surge in ticket sales on the back of a record-breaking Euro 2022 tournament". The current...
‘Fantastic Player’ - Pundit Urges Premier League Club to Sign Chelsea Forward
Noel Whelan thinks a Premier League club should try and sign Chelsea's Hakim Ziyech this summer.
ESPN
England urge British Prime Minister hopefuls to act on women's game after Euro success
Newly crowned women's European champions England have written an open letter to the two candidates to be the next British Prime Minister calling for greater opportunities for girls to play football in schools and reminding them that the women's game still has a long way to go. In a letter...
MLS・
Scottish salmon industry urges ministers to act over Dover delays
Action urged over Brexit-related delays of up to 48 hours caused by queues on the UK side of Channel
Report: Chelsea Have Blocked A Move For Malang Sarr After Fulham's Offer
Newly promoted winners of the Championship Fulham look to strengthen their defense with Chelsea defender Malang Sarr on the shopping list.
FOX Sports
Injured Juventus midfielder McKennie to miss start of season
TURIN, Italy (AP) — Juventus midfielder Weston McKennie will miss the start of Serie A with a shoulder injury. After the United States international was sidelined for Juventus’ final friendly of its tour of his homeland — a 2-0 defeat to Real Madrid — tests in Turin on Monday revealed McKennie has “a capsular lesion of the left shoulder” and will be out for at least three weeks. | https://www.newsbreak.com/news/2687232805314/it-came-home-england-beats-germany-in-et-to-win-historic-women-s-euro-title | 2022-08-03T21:28:35Z | https://www.newsbreak.com/news/2687232805314/it-came-home-england-beats-germany-in-et-to-win-historic-women-s-euro-title | true | 1 |
NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Owl Rock Capital Corporation (NYSE: ORCC, or the "Company") today reported net investment income of $125.1 million, or $0.32 per share, and net loss of $34.9 million, or $(0.09) per share, for the second quarter ended June 30, 2022. Reported net asset value per share was $14.48 at June 30, 2022 as compared to $14.88 at March 31, 2022.
Craig W. Packer, Chief Executive Officer of Owl Rock Capital Corporation commented, "The second quarter was another strong quarter for our business. Our earnings exceeded our dividend, our borrowers continued to perform well with only one name on non-accrual, and more volatile market conditions are creating attractive direct lending opportunities for which we are well positioned. Importantly, we also expect our earnings to benefit from rising interest rates beginning next quarter."
The Company's Board of Directors has declared a third quarter 2022 dividend of $0.31 per share for stockholders of record as of September 30, 2022, payable on or before November 15, 2022.
PORTFOLIO AND INVESTING ACTIVITY
For the three months ended June 30, 2022, new investment commitments totaled $603.4 million across 16 new portfolio companies and 10 existing portfolio companies. This compares to $530.4 million for the three months ended March 31, 2022 across 17 new portfolio companies and 4 existing portfolio companies.
For the three months ended June 30, 2022, the principal amount of new investments funded was $341.3 million. For this period, the Company had $488.3 million aggregate principal amount in sales and repayments.
For the three months ended March 31, 2022, the principal amount of new investments funded was $347.9 million. For this period, the Company had $374.8 million aggregate principal amount in sales and repayments.
As of June 30, 2022 and March 31, 2022, the Company had investments in 168 and 157 portfolio companies with an aggregate fair value of $12.6 billion and $12.8 billion, respectively. As of June 30, 2022, the average investment size in each portfolio company was $75.3 million based on fair value.
As of June 30, 2022, based on fair value, our portfolio consisted of 73.1% first lien senior secured debt investments, 14.5% second lien senior secured debt investments, 2.1% unsecured debt investments, 2.2% investment funds and vehicles, 2.3% preferred equity investments, and 5.8% common equity investments.
As of March 31, 2022, based on fair value, our portfolio consisted of 74.0% first lien senior secured debt investments, 14.7% second lien senior secured debt investments, 2.1% unsecured debt investments, 2.3% investment funds and vehicles, 1.9% preferred equity investments, and 5.0% common equity investments.
As of June 30, 2022 and March 31, 2022, approximately 87.6% and 88.7% of the portfolio was invested in secured debt, respectively. As of June 30, 2022, 98.8% of our debt investments based on fair value in our portfolio were at floating rates.
As of June 30, 2022 and March 31, 2022, the weighted average total yield of accruing debt and income-producing securities at fair value (which includes interest income and amortization of fees and discounts) was 8.9% and 7.9%, respectively, and the weighted average total yield of accruing debt and income-producing securities at amortized cost (which includes interest income and amortization of fees and discounts) was 8.8% and 8.0%, respectively.
As of June 30, 2022, 1 portfolio company with an aggregate fair value of $11.0 million was on non-accrual status, representing 0.1% of the total fair value of the debt portfolio.
RESULTS OF OPERATIONS FOR THE QUARTER ENDED JUNE 30, 2022
Investment Income
Investment income increased to $273.3 million for the three months ended June 30, 2022 from $249.0 million for the three months ended June 30, 2021. In addition to the growth in the portfolio, the incremental increase in investment income was primarily due to an increase in dividend income. Included in interest income are other fees such as prepayment fees and accelerated amortization of upfront fees from unscheduled paydowns. Period over period, income generated from these fees decreased. Other income increased period-over-period due to an increase in incremental fee income, which are fees that are generally available to us as a result of closing investments and generally paid at the time of closing. We expect that investment income will vary based on a variety of factors including the pace of our originations and repayments.
Expenses
Total expenses increased to $146.6 million for the three months ended June 30, 2022 from $129.7 million for the three months ended June 30, 2021, which was primarily due to an increase in interest expense and management and incentive fees. The increase in interest expense was primarily driven by an increase in the average daily borrowings as well as an increase in the average interest rate. Management and incentive fees increased primarily due to an increase in our investment portfolio and dividend income.
Liquidity and Capital Resources
As of June 30, 2022, we had $0.3 billion in cash and restricted cash, $7.2 billion in total principal value of debt outstanding, and $1.4 billion of undrawn capacity on our credit facilities. The Company's weighted average interest rate on debt outstanding was 3.2% and 2.9% for the three months ended June 30, 2022 and March 31, 2022, respectively. Ending net debt to equity was 1.20x and 1.17x as of June 30, 2022 and March 31, 2022, respectively.
CONFERENCE CALL AND WEBCAST INFORMATION
Conference Call Information:
The conference call will be broadcast live on August 4, 2022 at 10:00 a.m. Eastern Time on the Events section of ORCC's website at www.OwlRockCapitalCorporation.com. Please visit the website to test your connection before the webcast.
Participants are also invited to access the conference call by dialing one of the following numbers:
- Domestic: (877) 737-7048
- International: +1 (201) 689-8523
All callers will need to reference "Owl Rock Capital Corporation" once connected with the operator. All callers are asked to dial in 10-15 minutes prior to the call so that name and company information can be collected.
Replay Information:
An archived replay will be available for 14 days via a webcast link located on the Events section of ORCC's website, and via the dial-in numbers listed below:
- Domestic: (877) 660-6853
- International: +1 (201) 612-7415
- Conference ID: 13731354
ABOUT OWL ROCK CAPITAL CORPORATION
Owl Rock Capital Corporation (NYSE: ORCC) is a specialty finance company focused on lending to U.S. middle-market companies. As of June 30, 2022, ORCC had investments in 168 portfolio companies with an aggregate fair value of $12.6 billion. ORCC has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. ORCC is externally managed by Owl Rock Capital Advisors LLC, an SEC-registered investment adviser that is an indirect affiliate of Blue Owl Capital Inc. ("Blue Owl") (NYSE: OWL) and part of Owl Rock, a division of Blue Owl. Owl Rock, together with its subsidiaries, is a New York based direct lending platform.
Certain information contained herein may constitute "forward-looking statements" that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about ORCC, its current and prospective portfolio investments, its industry, its beliefs and opinions, and its assumptions. Words such as "anticipates," "expects," "intends," "plans," "will," "may," "continue," "believes," "seeks," "estimates," "would," "could," "should," "targets," "projects," "outlook," "potential," "predicts" and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond ORCC's control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements including, without limitation, the risks, uncertainties and other factors identified in ORCC's filings with the SEC. Investors should not place undue reliance on these forward-looking statements, which apply only as of the date on which ORCC makes them. ORCC does not undertake any obligation to update or revise any forward-looking statements or any other information contained herein, except as required by applicable law.
INVESTOR CONTACTS
Investor Contact:
Dana Sclafani
212-419-3000
owlrockir@blueowl.com
Media Contact:
Prosek Partners
David Wells / Josh Clarkson
pro-owlrock@prosek.com
View original content:
SOURCE Owl Rock Capital Corporation | https://www.wabi.tv/prnewswire/2022/08/03/owl-rock-capital-corp-reports-second-quarter-net-investment-income-per-share-032-nav-per-share-1448/ | 2022-08-03T21:30:30Z | https://www.wabi.tv/prnewswire/2022/08/03/owl-rock-capital-corp-reports-second-quarter-net-investment-income-per-share-032-nav-per-share-1448/ | false | 12 |
Strategic transformation well underway, unlocking value through 80/20 initiatives and driving growth and margin expansion
RACINE, Wis., Aug. 3, 2022 /PRNewswire/ -- Modine Manufacturing Company (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today reported financial results for the quarter ended June 30, 2022.
First Quarter Highlights:
- Net sales of $541.0 million increased 9 percent from the prior year
- Operating income of $25.6 million increased $16.9 million from the prior year
- Adjusted EBITDA of $42.2 million increased $8.9 million, or 27 percent, from the prior year
- Earnings per share of $0.27 compared to $0.04 in the prior year
- Adjusted earnings per share of $0.32 compared to $0.20 in the prior year
"We generated strong revenue and earnings growth, led by our Climate Solutions segment this quarter as we continue to reallocate resources and capital towards the portions of our business that have the greatest long-term growth potential," said Modine President and Chief Executive Officer, Neil D. Brinker. "We continue to take actions to combat supply-chain-related headwinds, particularly in our Performance Technologies segment, and expect margins to improve as the year progresses. Overall, we are pleased with a strong start to our fiscal year, with expanded profitability further validating our strategic direction and 80/20 focus as outlined at our recent Investor and Analyst Day."
Financial Results
Net sales increased 9 percent in the first quarter to $541.0 million, compared with $494.6 million in the prior year. On a constant currency basis, sales increased 15 percent. The increase was driven by market-related volume improvements and favorable pricing adjustments in both the Climate Solutions and Performance Technologies segments.
Gross profit increased 14 percent in the first quarter to $83.4 million and gross margin improved by 60 basis points to 15.4 percent. These increases were primarily driven by the higher sales volume and commercial pricing in the Climate Solutions segment, partially offset by the ongoing impact of higher material prices and other inflationary pressures in the Performance Technologies segment.
Selling, general and administrative ("SG&A") expenses were $56.3 million in the first quarter, which was 5 percent lower than the prior year. This decrease was primarily driven by lower environmental charges and lower costs associated with our strategic reorganization and automotive exit strategy, as compared with the prior year. These decreases were partially offset by higher compensation-related expenses, including higher commissions.
Operating income in the first quarter was $25.6 million, compared to $8.7 million in the prior year, an improvement of $16.9 million. This improvement was driven primarily by higher gross profit, the absence of a $6.6 million loss on sale recorded in the prior year related to the sale of our air-cooled automotive business in Austria, and lower SG&A expenses. During the first quarter of fiscal 2023, the Company recorded $1.5 million of restructuring expenses, primarily related to targeted headcount reductions, and $1.2 million of environmental charges. Excluding these items, as well as depreciation and amortization expense, adjusted EBITDA of $42.2 million increased $8.9 million, or 27 percent, compared with $33.3 million in the prior year.
Earnings per share was $0.27 in the first quarter, compared with $0.04 in the first quarter last year. This improvement was primarily due to higher operating earnings. Adjusted earnings per share was $0.32 in the first quarter, compared with adjusted earnings per share of $0.20 in the first quarter of the prior year.
First Quarter Segment Review
- Climate Solutions segment sales were $244.4 million, compared with $206.5 million one year ago, an increase of 18 percent. On a constant currency basis, sales increased 25 percent from the prior year. This increase was driven by higher sales of heat transfer, HVAC and refrigeration, and data center cooling products. The segment reported gross margin of 20.6 percent, which was 480 basis points higher than the prior year, primarily due to higher sales volume, favorable pricing and improved operating efficiencies. The segment reported operating income of $27.0 million, a 152 percent increase from the prior year. Adjusted EBITDA was $32.4 million, an increase of $15.4 million, or 91 percent, from the prior year.
- Performance Technologies segment sales were $304.3 million, compared with $297.1 million one year ago, an increase of 2 percent. On a constant currency basis, sales increased 7 percent. This increase primarily resulted from favorable pricing, including adjustments in response to raw material price increases and higher sales volume. Compared with the prior year, sales of air-cooled and advanced solution products increased and were partially offset by lower sales of liquid-cooled products and the absence of sales from the Austrian air-cooled automotive business, which we sold during the first quarter last year. The segment reported gross margin of 10.8 percent, down 270 basis points from the prior year. This decrease was primarily driven by ongoing inflationary pressures, including significantly higher material prices as compared to the prior year. Margins continue to be temporarily impacted by the lag in our contract provisions for raw material price adjustments and other ongoing pricing negotiations. The segment reported operating income of $7.4 million, an $8.3 million decrease compared to the prior year. Adjusted EBITDA was $17.1 million, a decrease of $3.8 million from the prior year.
Balance Sheet & Liquidity
Net cash provided by operating activities for the quarter ended June 30, 2022 was $14.5 million, an increase of $24.6 million compared to the prior year. Free cash flow for the quarter ended June 30, 2022 was $4.1 million, an increase of $25.6 million from the prior year, primarily resulting from higher operating earnings and lower incentive compensation payments and pension plan contributions as compared to the prior year. Cash payments for restructuring activities, strategic reorganization costs, environmental costs and certain other items during the quarter totaled $4.9 million.
Total debt was $388.2 million as of June 30, 2022. Cash and cash equivalents at June 30, 2022 were $58.7 million. Net debt was $329.5 million as of June 30, 2022, a decrease of $3.1 million from the end of fiscal 2022.
Outlook
"We expect our end markets to remain robust and supported by strong secular tailwinds despite the uncertainty created by geopolitical and economic risks," said Brinker. "Our results this quarter demonstrate the resiliency of our operations and are clearly benefiting from the actions taken to simplify our business, focus the organization and improve profitability. These efforts are supporting our strategic transformation, and we expect further progress against our targeted initiatives, which will support a strong fiscal 2023 and beyond."
Based on current exchange rates and market outlook, Modine is reiterating its outlook for fiscal 2023:
- Full fiscal year-over-year sales up 6 to 12 percent;
- Adjusted EBITDA of $180 million to $195 million.
Conference Call and Webcast
Modine will conduct a conference call and live webcast, with a slide presentation, on Thursday, August 4, 2022 at 11:00 a.m. Central Time (12:00 p.m. Eastern Time) to discuss its first quarter fiscal 2023 financial results. The webcast and accompanying slides will be available on the Investor Relations section of the Modine website at www.modine.com. Participants are encouraged to log on to the webcast and conference call about ten minutes prior to the start of the event. A replay of the audio and slides will be available on the Investor Relations section of the Modine website at www.modine.com on or after August 4, 2022. A call-in replay will be available through midnight on August 9, 2022 at 800-770-2030, (international replay 647-362-9199); Conference ID# 79220. The Company will post a transcript of the call on its website on or after August 9, 2022.
About Modine
At Modine, we are engineering a cleaner, healthier world. Building on more than 100 years of excellence in thermal management, we provide trusted systems and solutions that improve air quality and conserve natural resources. More than 11,000 employees are at work in every corner of the globe, delivering the solutions our customers need, where they need them. Our Climate Solutions and Performance Technologies segments support our purpose by improving air quality, reducing energy and water consumption, lowering harmful emissions and enabling cleaner running vehicles and environmentally-friendly refrigerants. Modine is a global company headquartered in Racine, Wisconsin (USA), with operations in North America, South America, Europe and Asia. For more information about Modine, visit www.modine.com.
Forward-Looking Statements
This press release contains statements, including information about future financial performance and market conditions, accompanied by phrases such as "believes," "estimates," "expects," "plans," "anticipates," "intends," "projects," and other similar "forward-looking" statements, as defined in the Private Securities Litigation Reform Act of 1995. Modine's actual results, performance or achievements may differ materially from those expressed or implied in these statements because of certain risks and uncertainties, including, but not limited to those described under "Risk Factors" in Item 1A of Part I of the Company's Annual Report on Form 10-K for the year ended March 31, 2022 and under Forward-Looking Statements in Item 7 of Part II of that same report. Other risks and uncertainties include, but are not limited to, the following: the impact of the COVID-19 pandemic on the national and global economy, our business, suppliers, customers, and employees; the overall health and pricing focus of our customers; our ability to successfully execute our strategic and operational plans, including applying 80/20 principles to our business; our ability to effectively and efficiently modify our cost structure in response to sales volume increases or decreases and complete restructuring activities and realize benefits thereon; our ability to comply with the financial covenants in our credit agreements and to fund our global liquidity requirements efficiently; operational inefficiencies as a result of program launches, unexpected volume increases or decreases, and product transfers; economic, social and political conditions, changes and challenges in the markets where we operate and compete, including foreign currency exchange rate fluctuations, inflation, tariffs and sanctions (and potential trade war impacts resulting from tariffs, sanctions or retaliatory actions), supply chain disruptions and supplier constraints, including semiconductor shortages and logistic and transportation challenges, changes in interest rates or tightening of the credit markets, recession, restrictions associated with importing and exporting and foreign ownership, public health crises, and the general uncertainties about the impact of regulatory and/or policy changes, including those related to tax and trade, the COVID-19 pandemic, the military conflict in Ukraine and other matters, that have been or may be implemented in the U.S. or abroad; the impact on Modine of any significant increases in commodity prices, particularly aluminum, copper, steel and stainless steel (nickel) and other purchased components and related costs, and our ability to adjust product pricing in response to any such increases; the nature of and Modine's significant exposure to the vehicular industry and the dependence of this industry on the health of the economy; our ability to recruit and maintain talent in managerial, leadership, operational and administrative functions and to mitigate increased labor costs; our ability to protect our proprietary information and intellectual property from theft or attack; the impact of any substantial disruption or material breach of our information technology systems; costs and other effects of environmental investigation, remediation or litigation; and other risks and uncertainties identified in our public filings with the U.S. Securities and Exchange Commission. Forward-looking statements are as of the date of this press release, and we do not assume any obligation to update any forward-looking statements.
Non-GAAP Financial Disclosures
Adjusted EBITDA, adjusted EBITDA margin, adjusted earnings per share, net debt, free cash flow, and constant currency (which are defined below) as used in this press release are not measures that are defined in generally accepted accounting principles (GAAP). These non-GAAP measures are used by management as performance measures to evaluate the Company's overall financial performance and liquidity. These measures are not, and should not be viewed as, substitutes for the applicable GAAP measures, and may be different from similarly-titled measures used by other companies.
Definition – Adjusted EBITDA and adjusted EBITDA margin
The Company defines adjusted EBITDA as net earnings excluding interest expense, the provision or benefit for income taxes, depreciation and amortization expenses, other income and expense, restructuring expenses, impairment charges or reversals, costs associated with the review of strategic alternatives for the Company's automotive businesses, strategic reorganization costs and certain other gains or charges. Adjusted EBITDA margin represents adjusted EBITDA as a percentage of net sales. The Company believes that adjusted EBITDA and adjusted EBITDA margin provide relevant measures of profitability and earnings power. The Company views these financial metrics as being useful in assessing operating performance from period to period by excluding certain items that it believes are not representative of its core business. Adjusted EBITDA, when calculated for the business segments, is defined as GAAP operating income excluding depreciation and amortization expenses, restructuring expenses, impairment charges or reversals, and certain other gains or charges.
Definition – Adjusted earnings per share
Diluted earnings per share plus restructuring expenses, impairment charges or reversals, costs associated with the review of strategic alternatives for the Company's automotive businesses, strategic reorganization costs, and excluding changes in income tax valuation allowances and certain other gains or charges. Adjusted earnings per share is an overall performance measure, not including non-cash impairment charges, costs associated with restructuring activities and certain other gains or charges.
Definition – Net debt
The sum of debt due within one year and long-term debt, less cash and cash equivalents. Net debt is an indicator of the Company's debt position after considering on-hand cash balances.
Definition – Free cash flow
Free cash flow represents net cash provided by operating activities less expenditures for property, plant and equipment. Free cash flow presents cash generated from operations during the period that is available for strategic capital decisions.
Definition – Constant currency
Constant currency translates financial data from foreign operations for a period into U.S. dollars using the same foreign currency exchange rates as those used to translate financial data for the prior period. This measure provides a more consistent indication of our performance, without the effects of foreign currency exchange rate fluctuations.
Forward-looking non-GAAP financial measure
The Company's fiscal 2023 guidance includes adjusted EBITDA, as defined above, which is a non-GAAP financial measure. The full-year fiscal 2023 guidance for adjusted EBITDA is based upon the Company's estimates for interest expense of approximately $18 to $19 million, a provision for income taxes of approximately $24 to $28 million, and depreciation and amortization expense of approximately $58 to $62 million. Adjusted EBITDA also excludes certain cash and non-cash expenses or gains. These expenses and gains may be significant and include items such as restructuring expenses (including severance costs and plant consolidation and relocation expenses), impairment charges and certain other items. These expenses and gains for the first three months of fiscal 2023 are presented on page 9. Estimates of these expenses and gains for the remainder of fiscal 2023 are not available due to the low visibility and unpredictability of these items.
Kathleen Powers
(262) 636-1687
kathleen.t.powers@modine.com
View original content to download multimedia:
SOURCE Modine Manufacturing Company | https://www.hawaiinewsnow.com/prnewswire/2022/08/03/modine-reports-first-quarter-fiscal-2023-results/ | 2022-08-03T21:30:51Z | https://www.hawaiinewsnow.com/prnewswire/2022/08/03/modine-reports-first-quarter-fiscal-2023-results/ | true | 12 |
COLUMBUS, Ohio (AP) — Officers who stopped a Dayton mass shooter three years ago said in first-ever public remarks Wednesday that their training kicked in almost immediately as they headed toward the sound of gunfire.
Most of the six officers on duty that night were relative newcomers to the department, but all said their instinct was to stop the threat as quickly as possible.
“I’m thinking about where the threat is, where the civilians are, and how to safely and quickly end that threat and stop the violence,” said Officer David Denlinger in an interview recorded and released by the City of Dayton. “I wasn’t thinking about anything else.”
“A terrible situation,” Officer Brian Rolfes called it. “We did what we had to do, and we did it the correct way, in my opinion,” he said.
Connor Betts, 24, was killed by police 32 seconds after he opened fire in Dayton’s crowded Oregon District entertainment area on Aug. 4, 2019. Wearing body armor and armed with an AR-15-style rifle and an extended ammunition magazine, he killed nine people and wounded dozens more.
He had fantasized about mass shootings, serial killings and murder-suicide for at least a decade before carrying out the attack, according to an FBI investigation.
The six officers were praised as heroes and awarded the Medal of Valor by then-President Donald Trump, but said they were simply doing their job.
“We would trade any medal, anything that we received, any of that, to get those nine people back,” said officer Jeremy Campbell.
In a chilling precursor to the attack, now retired Sgt. Chad Knight had explained to Campbell earlier that evening that the Oregon District was a prime target for a mass shooter.
Knight, the supervisor for the district that night, said he didn't remember why he said that, other than to note he often discussed vulnerable situations with new officers, especially areas with large crowds.
“In the evenings, the Oregon District absolutely qualifies,” Knight said. | https://www.stamfordadvocate.com/news/article/Officers-who-stopped-Dayton-shooter-speak-before-17349028.php | 2022-08-03T21:31:14Z | https://www.stamfordadvocate.com/news/article/Officers-who-stopped-Dayton-shooter-speak-before-17349028.php | true | 18 |
LOS ANGELES (WJW) — A California judge has reportedly issued a temporary restraining order against a man accused of elder abuse against actor Edie McClurg, who is in her 70s.
TMZ reported that Michael Ramos wedged himself into the life of the “Ferris Bueller’s Day Off” star, who now lives with dementia. The ruling means Ramos must move out of McClurg’s home and cannot be within 100 yards of her.
A hearing in the case is scheduled for September.
The conservator for McClurg, Angelique Cabral, had filed a protective order against Ramos Monday, saying he attempted to marry the actor and also sexually assaulted one of her caregivers at her home, People reported.
“Mr. Ramos claims to be the conservatee’s ‘longtime friend’ and was able to ingratiate himself into the conservatee’s life while she was battling dementia,” Cabral said in court documents obtained by People. “[Ramos], who is unemployed, was able to finagle his way into the conservatee’s home even though he has never paid rent or any of the expenses.”
Cabral said that a court was able to “prevent” Ramos from attempting to take McClurg out of the state for the purpose of marriage, and made clear the two were never lovers.
A police report was also previously made against Ramos regarding the sexual assault charges against one of McClurg’s caregivers.
In the court documents, Cabral did not hold back her opinion on Ramos, saying he “clearly needs professional help.”
The National Sexual Assault Hotline can be reached at 1-800-656-HOPE (4673). | https://www.wate.com/news/nexstar-media-wire/ferris-bueller-actor-edie-mcclurg-allegedly-abused-by-man-who-tried-to-marry-her/ | 2022-08-03T21:33:02Z | https://www.wate.com/news/nexstar-media-wire/ferris-bueller-actor-edie-mcclurg-allegedly-abused-by-man-who-tried-to-marry-her/ | true | 15 |
SUELLA BRAVERMAN: Diversity zealots have created a dangerous new religion - we must get serious about taking them on
It is all too easy to view the past through the prism of the present and then use the new orthodoxy to settle old scores. Today that orthodoxy is called ‘Diversity, Equality and Inclusion’.
The new ‘DEI’ sector came about as a by-product of the rights culture created by a combination of New Labour’s Human Rights Act and the Equality Act.
The plight of women like Maya Forstater, who lost her job after tweeting that transgender women could not change their biological sex, are all part of this long tail of Blairism.
Attorney General Suella Braverman, 42, was knocked out of the Conservative leadership race on July 14
Her legal fight ultimately ended in a triumph for common sense and freedom of speech. But how did we get to a point where stating the facts of biology could get you sacked?
Whenever ministers point out these problems, people - quite rightly - ask: ‘What are you doing about it?’.
And so, as the Attorney General, I ordered my officials to brief me on the diversity training going on in the Government Legal Department.
I was horrified to discover that hundreds of government lawyers spent nearly 2,000 hours of their taxpayer-funded time last year attending lectures on ‘micro-incivilities’, different ‘lived experiences’ and ‘how to be a straight ally’, courtesy of the lesbian, gay, bisexual and transgender rights charity Stonewall.
The experts on ‘white privilege’ who shared their insights were cited as authoritative but they all subscribed to the left-wing view on race, gender and sexuality which permeated their training materials.
I’d encourage other ministers to ask to see their departments’ diversity programmes and scrutinise the value for money they offer. After all, the ‘diversity’ agenda thrives in darkness.
Government lawyers are told that if a black person says something is offensive, then it is offensive, and they don’t have a right to question it. How does that fit with the rule of law, or due process?
The plight of women like Maya Forstater, who lost her job after tweeting that transgender women could not change their biological sex, are all part of this long tail of Blairism
This kind of thinking is harmful in other departments, but in legal cases it’s downright dangerous. It does nothing to create solidarity and encourage support but rather keeps emphasising difference, creates a sense of ‘otherness’ and pits different groups against each other.
Well, I’ve told my officials to scrap it. We really must get serious about taking on this divisive mindset and call it out for what it is: a new religion with a new priestly caste.
Some zealots believe in it. Like the witch-finders of the Middle Ages, they don the outfit of the inquisitor and never tire of rooting out unbelievers. Others wear the priestly robes to ward off their rivals, while still others nod along and recite the creed because they are too scared to dissent.
None of these approaches are acceptable in modern Britain. I’m all for building an inclusive workplace which is meritocratic and welcoming, but to focus relentlessly on dividing us into different cohorts rather than on building camaraderie based on unifying values is misguided.
This is something Liz Truss has been very good on. She told the Tory conference that we ‘reject the zero-sum game of identity politics, we reject the illiberalism of cancel-culture, and we reject the soft bigotry of low expectations’.
That’s the kind of Conservative Party I want to be a member of. It’s the kind of Britain that I believe in.
In government, I’ve seen her working hard to fight this pernicious identity politics, which is stifling our potential just as surely as the high tax burden. I’m especially glad she’s committed to scrapping diversity jobs across Whitehall.
Britain needs a lot of things but it certainly doesn’t need woke commissars policing our thoughts. We need to worry less about what people say on Twitter, and more about ensuring passports arrive on time, GP appointments are available when needed, and the police turn up when you’ve been burgled.
Diversity jobs may have been created with good intentions, but it’s clear they are now part of the problem, not the solution.
Suella Braverman has been the Attorney General for England and Wales since 2020
Ditch the woke 'witch trials': Attorney General Suella Braverman hits out at diversity training and reveals she scrapped it in her own department
BY MARTIN BECKFORD POLICY EDITOR FOR THE DAILY MAIL
The Attorney General today launches a fightback against woke ‘witch trials’.
Suella Braverman brands the diversity industry a ‘new religion’ in which zealots seek to punish unbelievers while others are too scared to speak out.
In an article for the Daily Mail, she reveals she has scrapped equality training in her department after learning that staff had spent almost 2,000 hours on the courses last year.
They were being given lectures on ‘micro-incivilities’ and ‘how to be a straight ally’.
Mrs Braverman, who stood for the Tory leadership last month, says it is ‘downright dangerous’ for Whitehall lawyers to be taught they cannot challenge anyone who says they have been offended by a particular phrase.
‘This does nothing to create solidarity and support but rather keeps emphasising difference, creating a sense of “other” and pitting different groups against each other,’ she writes.
Attorney General Suella Braverman, 42, says she has cancelled equality training in her department after discovering her staff had spent 2,000 hours in Stonewall lectures
Her forthright comments come amid growing concern over the influence of Left-wing identity politics – particularly in the public sector – and the intolerance shown to those challenging the new orthodoxy.
Mrs Braverman cites Maya Forstater, who won an employment tribunal case last month over her ‘gender-critical’ views, asking: ‘How did we get to the place where stating the facts of biology can get you sacked?’
In another legal ruling last week, barrister Allison Bailey was found to have been discriminated against by her legal chambers after she commented online about ‘trans extremism’.
Meanwhile, police continue to question and even arrest people for supposedly causing offence and anxiety through their social media posts and major organisations including the Bank of England remain signed up to lobby group Stonewall’s diversity champions scheme despite ministers speaking out against it.
The Attorney General praises the efforts of Tory leadership frontrunner Liz Truss in trying to turn the tide after she branded ‘unconscious bias’ training a waste of time and pledged to ditch diversity roles in the public sector.
Mrs Braverman writes: ‘In government, I’ve seen her working hard to fight this pernicious identity politics, which is stifling our potential just as surely as the high tax burden. I’m especially glad she’s committed to scrapping diversity jobs across Whitehall. Britain needs a lot of things but it certainly doesn’t need woke commissars policing our thoughts.’
Just last month the Attorney General ordered officials in the Government Legal Department, which employed 2,769 people in 2021-22, to tell her what diversity training was being carried out. She was furious to discover that 1,900 hours of courses had taken place – much of it carried out by external, paid-for consultants – teaching the ‘Left-wing view on race, gender and sexuality’ to staff including 600 lawyers. In one lecture, employees were told: ‘Not being racist isn’t enough, we must be anti-racist.’
A slide said that if a black person tells you that a phrase is offensive to them then it is and added: ‘It is not up to you as a white person to tell them that it’s not. Instead, educate yourself as to why the phrase is offensive and stop using it.’
In a session on being an ally to LGBT people the civil servants were urged to ‘recognise your privilege and transfer the benefits of it to others who lack it’.
Mrs Braverman, who is the Government’s chief legal adviser, is said to have been ‘absolutely furious’ that taxpayers’ money was ‘wasted’ on the instruction ‘when it could have been spent on more lawyers or literally anything else more useful’.
After telling her officials to scrap the training, she is urging other ministers to scrutinise the courses taking place in their departments.
‘We really must get serious about taking on this divisive mindset and call it out: a new religion with a new priestly caste,’ she writes today.
The Attorney General compares diversity ‘zealots’ to ‘the witch-finders of the Middle Ages’.
She says some believe in the cause and ‘don the outfit of the inquisitor and never tire of rooting out unbelievers’ but others simply ‘wear the priestly clothes to ward off their rivals’ or ‘nod along and recite the creed because they are too scared to dissent’.
Mrs Braverman concludes: ‘We need to worry less about what people say on Twitter, and more about ensuring passports arrive on time, GP appointments are available when needed, and the police turn up when you’ve been burgled.’ It emerged yesterday that another major Whitehall ministry has told senior officials to hold ‘race ally’ discussions in team meetings. An email sent to staff at the Department for Work and Pensions from its Bame Inclusion Group, leaked to the Guido Fawkes website, states: ‘It is too easy to think that personally you are not affected by racism, so it is not your problem, or that because you are not a racist person then you are doing enough. What you can do is be an ally. Not just a race ally, but an ally for all who may need your support.’
The note also reminds civil servants ‘there is a pronoun sheet with your names so please do not forget to go in and include how you would like to be called and how you pronounce your name’.
Cabinet Office minister Jacob Rees-Mogg hit out at the ‘woke rubbish’ being taught to officials this week, telling LBC radio he had discovered one course called Check Yo Privilege, while another ‘offered to tell people about witchcraft’.
A training video on the Department for Levelling Up’s website tells civil servants to acknowledge they ‘are part of a society, norm, culture or a system that is racist’. | https://www.dailymail.co.uk/debate/article-11078417/SUELLA-BRAVERMAN-Diversity-zealots-created-dangerous-new-religion.html?ns_mchannel=rss&ito=1490&ns_campaign=1490 | 2022-08-03T21:33:23Z | https://www.dailymail.co.uk/debate/article-11078417/SUELLA-BRAVERMAN-Diversity-zealots-created-dangerous-new-religion.html?ns_mchannel=rss&ito=1490&ns_campaign=1490 | false | 6 |
MENLO PARK, Calif. (AP) _ Pacific Biosciences of California Inc. (PACB) on Wednesday reported a loss of $71.4 million in its second quarter.
On a per-share basis, the Menlo Park, California-based company said it had a loss of 32 cents. Losses, adjusted for non-recurring gains, were 34 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 34 cents per share.
The maker of genetic analysis technology posted revenue of $35.5 million in the period, which also met Street forecasts.
Pacific Biosciences expects full-year revenue in the range of $138 million to $145 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PACB at https://www.zacks.com/ap/PACB | https://www.wiltonbulletin.com/business/article/Pacific-Biosciences-Q2-Earnings-Snapshot-17349231.php | 2022-08-03T21:34:14Z | https://www.wiltonbulletin.com/business/article/Pacific-Biosciences-Q2-Earnings-Snapshot-17349231.php | true | null |
GULFPORT, Miss (AP) — A man has pleaded guilty to shooting and injuring a police K-9 during a chase in Mississippi earlier this year.
Richard J. McGuire, 44, pleaded guilty Tuesday in U.S. District Court in Gulfport, Mississippi, to one count of being a felon in possession of a firearm and one count of animal crushing.
The plea stems from an incident in March, when Moss Point police officers responded to an alarm call at a restaurant and gas station in southern Mississippi, the U.S. Attorney’s Office said in a news release. After searching the area, police found McGuire behind another business. He fled when officers approached him.
A police K-9 named “Buddy” was released to find McGuire. The dog pursued McGuire into a wooded area when officers heard two gunshots. Buddy was later found to have been shot in the chest.
Officers apprehended McGuire and said they found him with a sawed-off shotgun and body armor. As a previously convicted felon, McGuire was prohibited from possessing the weapon.
Buddy survived and will return to work soon, prosecutors said.
McGuire, who is from Mobile, Alabama, will be sentenced in November. He faces a maximum penalty of 10 years in prison for possession of a firearm and seven years for animal crushing.
An attorney for McGuire could not immediately be reached for comment. | https://www.theintelligencer.com/news/article/Man-pleads-guilty-to-shooting-police-K-9-during-17349053.php | 2022-08-03T21:35:41Z | https://www.theintelligencer.com/news/article/Man-pleads-guilty-to-shooting-police-K-9-during-17349053.php | false | 11 |
What? There Are Odds For Who Will Report The Kevin Durant Trade First
On June 30, ESPN's Adrian Wojnarowski reported that 12-time NBA All-Star Kevin Durant requested a trade from the Brooklyn Nets.
Woj on June 30: "Kevin Durant made the trade request directly to Nets owner Joe Tsai today, sources tell ESPN."
On August 3, Durant still remains a member of the Nets.
Right now, BetOnline.ag is offering odds to bet on which reporter will report the Durant trade from the Nets first.
They are giving the slight edge to Shams Charania of The Athletic and Stadium over ESPN's Wojnarowski
Charania is -130, while Wojnarowski is -110.
Durant is coming off a phenomenal season where he averaged 29.9 points, 7.4 rebounds and 6.4 assists per game.
The 6.4 assits per contest were a career-high.
While Durant played outstanding, the Nets had a tough season.
They were expected to be competing for a title, but they instead were the seventh seed in the Eastern Conference and had to play in the play-in tournament just to make the playoffs.
They beat the Cleveland Cavaliers to secure their first-round matchup with the Boston Celtics.
Not only did they lost to Boston, but they were swept in four games, so they did not win a single playoff game in 2022.
Durant and Kyrie Irving signed with the Nets in 2019, and Durant missed the first season due to injury.
In the two seasons that they have played together they have won just one playoff series (2021 against the Celtics).
The tenure in Brooklyn for the two superstars has not gone as planned. | https://www.si.com/fannation/nba/fastbreak/betting/kevin-durant-reporter-odds-to-report-trade-from-brooklyn-nets-nba | 2022-08-03T21:35:58Z | https://www.si.com/fannation/nba/fastbreak/betting/kevin-durant-reporter-odds-to-report-trade-from-brooklyn-nets-nba | true | 1 |
This is a carousel. Use Next and Previous buttons to navigate
WASHINGTON (AP) — Republican Sen. Susan Collins and Democrat Joe Manchin made the case on Wednesday for overhauling the 1800s-era Electoral Count Act, pushing for quick passage of a bipartisan compromise that would make it harder for a losing candidate to overturn legitimate results of a presidential election.
Proposals from their group of 16 senators — nine Republicans and seven Democrats — are a response to former President Donald Trump and his allies pushing courts, state legislatures and Congress to somehow overturn his 2020 loss to President Joe Biden. Trump's efforts culminated in the violence of Jan. 6, 2021, when hundreds of his supporters pushed past police and broke into the Capitol as Congress was certifying the results.
An update to the electoral law is “something our country desperately needs,” Manchin said Wednesday, testifying at a Senate hearing on the bill. “The time for Congress to act is now.”
Manchin and Collins, who introduced a series of proposals to reform the law last month along with 14 other senators, are pushing for passage of the legislation before the end of the congressional session in January. The bills could face a harder path after November’s midterm elections if Republicans take over the House, where Democrats are leading a separate effort to revise the law.
“This is something we shouldn’t carry over into another election cycle,” said Missouri Sen. Roy Blunt, the top Republican on the Senate Rules Committee who has been supportive of the effort.
The Electoral Count Act of 1887 governs the counting and certification of electoral votes in presidential elections and has long been criticized as arcane, vaguely written and vulnerable to abuse. Those fears were realized after the 2020 contest when Trump’s allies worked to exploit those weaknesses, pushing states to put forward alternate slates of electors and pressuring Vice President Mike Pence to use his ceremonial role in the congressional joint session on Jan. 6 to object to the results or delay certification.
The bipartisan group of senators has worked for months to find agreement on a way to revamp the process, eventually settling on the series of proposals introduced last month.
The legislation would add a series of safeguards to the electoral count, increasing the thresholds for challenging results so state or federal officials can’t exploit loopholes to advocate for a preferred candidate.
It would reinforce that the vice president’s role over the electoral count is “solely ministerial,” with no power to change the results. It would make clear that Congress can only accept the one legitimate slate of electors from each state and make it harder for members of either party to object to the results. And it would strike an outdated law that could allow some state legislatures to override the popular vote.
“Nothing is more essential to the survival of a democracy than the orderly transfer of power,” said Sen. Collins,, of Maine, who testified alongside Manchin, of West Virginia. “And there is nothing more essential to the orderly transfer of power than clear rules for effecting it.”
It is unclear how quickly the Senate might act when it returns from its August break in the fall. Both Senate Majority Leader Chuck Schumer and Senate Republican leader Mitch McConnell have signaled support, and the legislation is expected to have enough backing to overcome any objections and pass in the 50-50 Senate.
Roadblocks await in the House, however, where some Democrats would like the bill to do much more. The House panel investigating the Jan. 6 insurrection and the House Administration Committee, have been working on similar proposals to each other and promise to release them soon.
While overwhelmingly supportive of the current Senate proposal, legal experts who testified at the hearing identified some potential sticking points. They recommended some tweaks, including better defining the specific grounds that members of Congress can use when objecting to a state’s electors during congressional certification and making it even harder for state legislators to delay or override a vote by declaring a “failed election.”
The Senate compromise would already amend an 1845 law allowing states to declare a “failed election," only permitting a state to modify election timing in “extraordinary and catastrophic” circumstances, but the experts said that might not be enough. They said such circumstances should be spelled out — a natural disaster that prevents many people from reaching the polls, for example, — and not simply what state lawmakers may consider a “catastrophic” election result.
While recommending changes, the panel of experts — including Bob Bauer, who was White House counsel in the Obama administration, and Brookings Institution Fellow Norm Eisen — said the need for action is urgent.
“Jan. 6 has passed, but the danger has not,” said Eisen, who served as a lawyer for the House Judiciary Committee during Trump’s first impeachment.
The proposals introduced by the bipartisan group last month also include also include bolstered security for state and local election officials, who have faced violence and harassment, including doubled penalties for people who threaten or intimidate election officials.
Some of those election officials testified at a separate Senate Judiciary hearing on Wednesday, asking for Congress to amend federal law to include strong penalties on those who threaten or harm anyone involved in election administration — and to limit access to individuals seeking personal information of election officials.
New Mexico Secretary of State Maggie Toulouse Oliver said threats to election integrity are growing by the day, noting the recent case in her state of a county commissioner who refused to certify the results of a primary.
“For the election officials and volunteer poll workers that our elections depend on, I fear that threats and harassment will cause them so much stress and uncertainty that they will simply give up the work for voters,” she said.
___
Associated Press writer Farnoush Amiri contributed to this report. ed bolstered security for state and local election officials, who have faced violence and harassment, including doubled penalties for people who threaten or intimidate election officials.
Some of those election officials testified at a separate Senate Judiciary hearing on Wednesday, asking for Congress to amend federal law to include strong penalties on those who threaten or harm anyone involved in election administration — and to limit access to individuals seeking personal information of election officials.
New Mexico Secretary of State Maggie Toulouse Oliver said threats to election integrity are growing by the day, noting the recent case in her state of a county commissioner who refused to certify the results of a primary.
“For the election officials and volunteer poll workers that our elections depend on, I fear that threats and harassment will cause them so much stress and uncertainty that they will simply give up the work for voters,” she said.
___
Associated Press writer Farnoush Amiri contributed to this report. | https://www.theintelligencer.com/news/article/Update-to-electors-law-desperately-needed-17349271.php | 2022-08-03T21:36:22Z | https://www.theintelligencer.com/news/article/Update-to-electors-law-desperately-needed-17349271.php | false | 64 |
-Double Digit Top-Line Growth Driven by Solid Demand for Technology Offerings-
First Quarter Fiscal Year 2023
- Net sales increased 10.0% to $458.4 million; technology segment net sales increased 12.1% to $448.8 million; service revenues increased 13.5% to $63.1 million.
- Adjusted gross billings increased 10.9% to $701.9 million.
- Consolidated gross profit increased 7.6% to $113.5 million.
- Consolidated gross margin was 24.8% compared to 25.3% in last year's quarter.
- Net earnings decreased 5.0% to $22.3 million.
- Adjusted EBITDA remained flat at $38.3 million.
- Diluted earnings per share decreased 3.4% to $0.84. Non-GAAP diluted earnings per share increased 1.0% to $0.99.
HERNDON, Va., Aug. 3, 2022 /PRNewswire/ -- ePlus inc. (NASDAQ: PLUS), a leading provider of technology and financing solutions, today announced financial results for the three months ended June 30, 2022.
Management Comment
"Our fiscal 2023 year is off to a solid start, driven by broad-based demand across our customer base and end market segments," said Mark Marron, president and chief executive officer of ePlus. "Our technology segment generated double-digit sales growth, reflecting continued strength for our solutions and services, particularly in our focus areas of hybrid cloud and security. We continued to invest in customer-facing headcount, successfully expanding our employee base by nearly 6% year-over-year. While first quarter earnings were limited by our investments in personnel, foreign currency transaction losses, and higher reserves for credit losses, our enhanced capabilities strengthen our position for the long-term as an essential partner to help our customers achieve their strategic technology priorities. Our financing segment had lower earnings compared to last year's strong quarter, reflecting the variability of this business on a quarter-to-quarter basis.
Mr. Marron continued, "Cybersecurity remains a top concern for organizations of all sizes amid the adoption of cloud computing and transition to hybrid work environments. We recently announced the acquisition of assets of Future Com, Ltd., a provider of security solutions for middle market and enterprise customers. Future Com broadens our geographic scope in the South-Central U.S. and enhances our capabilities to more comprehensively manage cybersecurity risks for our customers. Its solutions are complementary to our core security practice and its customers will benefit from ePlus' broader portfolio across many solution areas.
Prior Period Reclassifications due to Stock Split
Reclassifications of prior period amounts related to number of shares and per share amounts have been made to conform to the current period presentation due to the December 13, 2021, two-for-one stock split.
First Quarter Fiscal 2023 Results
For the first quarter ended June 30, 2022, as compared to the first quarter of the prior fiscal year ended June 30, 2021:
Consolidated net sales increased 10.0% to $458.4 million, from $416.6 million.
Technology segment net sales increased 12.1% to $448.8 million, from $400.4 million due to higher sales of product and services. Service revenues increased 13.5% to $63.1 million, from $55.6 million due to increases in professional services and managed services. Adjusted gross billings increased 10.9% to $701.9 million from $633.0 million.
Financing segment net sales decreased 41.2% to $9.6 million, from $16.3 million due to lower proceeds from sales of leased equipment and early lease buyouts, as well as lower transaction gains.
Consolidated gross profit increased 7.6% to $113.5 million, from $105.5 million. Consolidated gross margin was 24.8%, down from 25.3% last year, primarily due to lower service margins, partially offset by higher product margins. The decline in service margins was due to increases in third-party costs.
Operating expenses were $80.3 million, up 10.0% from $73.1 million last year, primarily due to increases in variable compensation stemming from higher gross profit, software license and maintenance, travel expenses, as well as changes in reserve for credit losses. Our headcount at the end of the quarter was 1,637, up 90 from a year ago. We added 79 additional customer facing employees, of which 59 were professional services and technical support personnel due to demand for our services.
Consolidated operating income increased 2.3% to $33.2 million. During the quarter we incurred foreign currency transaction losses of $2.2 million.
Our effective tax rate for the current quarter was 28.0%, compared with the prior year quarter of 27.8%.
Net earnings decreased 5.0% to $22.3 million.
Adjusted EBITDA was $38.3 million, consistent with the prior year quarter.
Diluted earnings per share was $0.84, compared with $0.87, in the prior year quarter. Non-GAAP diluted earnings per share was $0.99, compared with $0.98 last year.
Balance Sheet Highlights
As of June 30, 2022, ePlus had cash and cash equivalents of $83.5 million, compared with $155.4 million as of March 31, 2022. Inventory, which represents equipment ordered by customers but not yet delivered, increased 59.2% from March 31, 2022 due to ongoing projects with customers coupled with continued supply chain constraints. Total stockholders' equity was $676.3 million, compared with $660.7 million as of March 31, 2022. Total shares outstanding were 26.9 million on June 30, 2022 and March 31, 2022.
Summary and Outlook
"Supported by solid growth in our adjusted gross billings and backlog, we continue to see favorable market trends for information technology spending in our fiscal 2023. In this dynamic environment, we remain focused on providing our customers with the integrated services and solutions that help fuel their growth and enhance their efficiency, while managing ever-present cybersecurity risks. Recent investments in our people and in our focus areas are key to driving our growth throughout fiscal 2023 and beyond."
Mr. Marron concluded, "Product availability remains limited overall and will likely continue to extend timelines for project implementations. The ePlus team continues to perform admirably, leveraging the breadth and strength of our channel partner relationships and developing innovative solutions to minimize the impact on our customers."
Recent Corporate Developments/Recognitions
- In the month of June:
- In the month of May:
Conference Call Information
ePlus will hold a conference call and webcast at 4:30 p.m. ET on August 3, 2022:
The replay of this webcast will be available approximately two hours after the call concludes and be available through August 15, 2022.
About ePlus inc.
ePlus has an unwavering and relentless focus on leveraging technology to create inspired and transformative business outcomes for its customers. Offering a robust portfolio of solutions, as well as a full set of consultative and managed services across the technology spectrum, ePlus has proudly achieved more than 30 years of success in the business, carrying customers forward through adversity, rapidly changing environments, and other obstacles. ePlus is a trusted advisor, bringing expertise, credentials, talent and a thorough understanding of innovative technologies, spanning security, cloud, data center, networking, collaboration and emerging solutions, to organizations across all industry segments. With complete lifecycle management services and flexible payment solutions, ePlus' more than 1,600 associates are focused on cultivating positive customer experiences and are dedicated to their craft, harnessing new knowledge while applying decades of proven experience. ePlus is headquartered in Virginia, with offices in the United States, UK, Europe, and Asia‐Pacific. For more information, visit www.eplus.com, call 888-482-1122, or email info@eplus.com. Connect with ePlus on LinkedIn, Twitter, Facebook, and Instagram. ePlus, Where Technology Means More®.
ePlus, Where Technology Means More®.
ePlus® and ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in the United States and/or other countries. The names of other companies and products mentioned herein may be the trademarks of their respective owners.
Forward-looking statements
Statements in this press release that are not historical facts may be deemed to be "forward-looking statements." Actual and anticipated future results may vary materially due to certain risks and uncertainties, including, without limitation, the duration and impact of the COVID-19 pandemic including but not limited to the impact and severity of new variants, vaccine efficacy and immunization rates, the closure of non-essential businesses and other associated governmental containment actions, and the increase in cyber-security attacks that have occurred while employees work remotely; national and international political instability fostering uncertainty and volatility in the global economy including exposure to fluctuation in foreign currency rates, interest rates, and inflation, including increases in our costs and price increases to our customers which may result in adverse changes in our gross profit; reduction of vendor incentives provided to us; significant and rapid inflation may cause price, wage, and interest rate increases, as well as increases in operating costs which may impact the arrangements that have pricing commitments over the term of the agreement; our ability to successfully perform due diligence and integrate acquired businesses; disruptions or a security breach in our or our vendors' IT systems and data and audio communication networks; supply chain issues, including a shortage of IT products, may increase our costs or cause a delay in fulfilling customer orders, or increase our need for working capital, or completing professional services, or purchasing IT products or services needed to support our internal infrastructure or operations, resulting in an adverse impact on our financial results; the possibility of goodwill impairment charges in the future; significant adverse changes in, reductions in, or losses of relationships with one or more of our larger volume customers or vendors; a possible decrease in the capital spending budgets of our customers or a decrease in purchases from us; our ability to raise capital, maintain or increase as needed our lines of credit with vendors or floor planning facility, or obtain debt for our financing transactions or the effect of those changes on our common stock price; the demand for and acceptance of, our products and services; our ability to adapt our services to meet changes in market developments; our ability to implement comprehensive plans for the integration of sales forces, cost containment, asset rationalization, systems integration and other key strategies; the creditworthiness of our customers and our ability to reserve adequately for credit losses; our ability to secure our own and our customers' electronic and other confidential information and remain secure during a cyber-security attack; future growth rates in our core businesses; the impact of competition in our markets; domestic and international economic regulations uncertainty (e.g., tariffs, sanctions, and trade agreements); our reliance on third parties to perform some of our service obligations to our customers, and the reliance on a small number of key vendors in our supply chain with whom we do not have long-term supply agreements, guaranteed price agreements, or assurance of stock availability; the possibility of defects in our products or catalog content data; our ability to adapt to changes in the IT industry and/or rapid changes in product offerings, including the proliferation of the cloud, infrastructure as a service, software as a service and platform as a service; our ability to realize our investment in leased equipment; maintaining and increasing advanced professional services by recruiting and retaining highly skilled, competent personnel and vendor certifications; and other risks or uncertainties detailed in our reports filed with the Securities and Exchange Commission. All information set forth in this press release is current as of the date of this release and ePlus undertakes no duty or obligation to update this information.
ePlus inc. AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP INFORMATION
We included reconciliations below for the following non-GAAP information: (i) Adjusted Gross Billings, (ii) Adjusted EBITDA, (iii) Segment Adjusted EBITDA, (iv) non-GAAP Net Earnings and (v) non-GAAP Net Earnings per Common Share - Diluted.
We define adjusted gross billings as our technology segment net sales calculated in accordance with GAAP, adjusted to exclude the costs incurred related to sales of third-party maintenance, software assurance and subscription/SaaS licenses, and services.
We define adjusted EBITDA as net earnings calculated in accordance with GAAP, adjusted for the following: interest expense, depreciation and amortization, share based compensation, acquisition and integration expense, provision for income taxes, and other income (expense). Segment adjusted EBITDA is defined as operating income calculated in accordance with GAAP, adjusted for interest expense, share based compensation, acquisition and integration expenses, and depreciation and amortization. We consider the interest on notes payable from our financing segment and depreciation expense presented within cost of sales, which includes depreciation on assets financed as operating leases, to be operating expenses.
Non-GAAP net earnings and non-GAAP net earnings per common share – diluted are based on net earnings calculated in accordance with GAAP, adjusted to exclude other income (expense), share based compensation, and acquisition related amortization expense, and the related tax effects.
Our use of non-GAAP information as analytical tools has limitations, and you should not consider them in isolation or as substitutes for analysis of our financial results as reported under GAAP. In addition, other companies, including companies in our industry, might calculate non-GAAP adjusted gross billings, adjusted EBITDA, non-GAAP net earnings and non-GAAP net earnings per common share or similarly titled measures differently, which may reduce their usefulness as comparative measures.
View original content:
SOURCE ePlus inc. | https://www.kfvs12.com/prnewswire/2022/08/03/eplus-reports-first-quarter-financial-results/ | 2022-08-03T21:36:29Z | https://www.kfvs12.com/prnewswire/2022/08/03/eplus-reports-first-quarter-financial-results/ | false | 11 |
Senate Democrats Are So Worried About a Trump 2024 Win That They Just Proposed Bill to Thwart His Plans
Democrats are already trying to head off a plan proposed by former President Donald Trump that would drain the swamp at a massive, unprecedented level.
Trump has said that if he runs for president in 2024 and is elected, he will implement a piece of his first term that never fully got off the ground.
Trump issued an executive order late in his term to move many jobs to a category called “Schedule F” and take them out of union-protected status, making them “at will” employees. That would mean multiple levels of workers could be fired for non-performance of a president’s policy. The order was rescinded by President Joe Biden in the first few days of his term.
Trump is already out in the open about “firing the swamp,” Breitbart News reported.
Trump’s prepared remarks for his recent Turning Point USA Student Action Summit touched on the proposal.
“To drain the swamp, we need to fire the swamp. With schedule F, I took executive action to make it possible to fire federal employees who are bypassing our democracy to advance wokeism and corruption,” the remarks stated.
“We now need Congress to institute historic reforms to permanently empower the president to root out the deep state, and ensure that any bureaucrat who is corrupt, incompetent, or unnecessary can be told, ‘You’re fired.'”
Trump has not made any official announcement about seeking the White House again, but the speech left little doubt those would be in his plans if he were to win a second term.
As evidenced by a report Tuesday in Axios, that prospect clearly has Senate Democrats worried.
A new bill would require the executive branch to get the permission of Congress before a civil service position can be reclassified.
The bill is sponsored by Democratic Sen. Tim Kaine of Virginia and co-sponsored by Democratic Sens. Ben Cardin and Chris Van Hollen of Maryland, Dianne Feinstein and Alex Padilla of California and Mark Warner of Virginia.
Democratic Rep. Gerry Connelly of Virginia and Republican Rep. Brian Fitzpatrick of Pennsylvania have introduced similar legislation in the House.
The bill passed the House in July, Connelly wrote in a July 26 piece published by The Washington Post.
“Congress must assert itself and ensure no future president can repeat what Trump has already tried to do once, and now is reportedly planning to do again,” Connelly wrote.
On July 31, the Orange County (California) Register published a piece by syndicated columnist Susan Shelley that pushed back against the notion that the plan spells dire tidings for the federal civil service, arguing instead that the proposal could be the “death knell for what has come to be known as the ‘Administrative State.’”
“How many Americans are even aware that U.S. policy is made by permanent civil servants who can’t be fired, not even if they’re enacting and enforcing policies that contradict the policies of the elected president?” wrote Shelley, who is also vice president of communications for the Howard Jarvis Taxpayers Association.
“Welcome to the Administrative State, which President Trump sometimes called the ‘Deep State.’ It’s the government within a government that does not answer to anybody,” she wrote.
In a Twitter post, Axios congressional reporter Alayna Treene wrote that the goal of the “Schedule F” executive order is shared by numerous Republicans.
“Schedule F could be the blueprint for the next GOP president, even if it’s not Trump,” she wrote.
I spoke to Pompeo, Team DeSantis, Sens. Hawley, Cruz, Rubio & Rick Scott
All have major issues with federal bureaucracy
The 1 dissenting voice: MD Gov Larry Hogan
Schedule F could be the blueprint for the next GOP president, even if it’s not Trump https://t.co/HOTdT6owo5
— Alayna Treene (@alaynatreene) August 3, 2022
Shelley’s column explained why:
“The Schedule F executive order would have removed civil service protections from an estimated 50,000 federal workers who have a role in shaping policy,” Shelley wrote. “For context, there are more than 2 million federal employees, and a new president is empowered to replace only about 4,000 of them. It’s safe to assume, given the speed with which President Biden rescinded the Schedule F executive order, that the policy-making civil servants generally agree with his policy views. Biden had no desire to replace them.”
Shelley derided claims that federal workers were there to ensure a president cannot change policy in radical ways.
“There’s nothing in the Constitution that empowers mid-level bureaucrats to exercise ‘checks on executive power.’ However, in the Administrative State, they do,” she wrote
Truth and Accuracy
We are committed to truth and accuracy in all of our journalism. Read our editorial standards. | https://www.westernjournal.com/senate-democrats-worried-trump-2024-win-just-proposed-bill-thwart-plans/?utm_source=facebook&utm_medium=jeffersonnewsletter&utm_campaign=lminetwork&utm_content=2022-08-03 | 2022-08-03T21:37:38Z | https://www.westernjournal.com/senate-democrats-worried-trump-2024-win-just-proposed-bill-thwart-plans/?utm_source=facebook&utm_medium=jeffersonnewsletter&utm_campaign=lminetwork&utm_content=2022-08-03 | false | 38 |
LAS VEGAS (AP) _ MGM Resorts International (MGM) on Wednesday reported second-quarter net income of $1.78 billion.
On a per-share basis, the Las Vegas-based company said it had net income of $4.20. Earnings, adjusted for non-recurring gains, were 3 cents per share.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.
The casino and resort operator posted revenue of $3.26 billion in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $3.03 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MGM at https://www.zacks.com/ap/MGM | https://www.chron.com/business/article/MGM-Q2-Earnings-Snapshot-17349340.php | 2022-08-03T21:37:57Z | https://www.chron.com/business/article/MGM-Q2-Earnings-Snapshot-17349340.php | true | null |
WFO SAN DIEGO Warnings, Watches and Advisories for Wednesday, August 3, 2022
_____
BEACH HAZARDS STATEMENT
Coastal Hazard Message
National Weather Service San Diego CA
130 PM PDT Wed Aug 3 2022
...BEACH HAZARDS STATEMENT REMAINS IN EFFECT UNTIL 5 PM PDT THIS
AFTERNOON...
* WHAT...Elevated surf of 3 to 6 feet.
* WHERE...Orange County Coastal Areas and San Diego County
Coastal Areas. Highest surf on exposed south facing beaches.
* WHEN...Through this afternoon.
* IMPACTS...Elevated surf and strong rip and longshore currents
will create dangerous swimming conditions.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Remain out of the water to avoid hazardous swimming conditions.
_____
Copyright 2022 AccuWeather | https://www.middletownpress.com/weather/article/CA-WFO-SAN-DIEGO-Warnings-Watches-and-Advisories-17349210.php | 2022-08-03T21:38:13Z | https://www.middletownpress.com/weather/article/CA-WFO-SAN-DIEGO-Warnings-Watches-and-Advisories-17349210.php | false | null |
SINGAPORE (AP) _ Kulicke and Soffa Industries Inc. (KLIC) on Wednesday reported fiscal third-quarter net income of $119 million.
On a per-share basis, the Singapore-based company said it had profit of $1.99. Earnings, adjusted for non-recurring costs, came to $2.09 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.55 per share.
The semiconductor equipment maker posted revenue of $372.1 million in the period.
For the current quarter ending in September, Kulicke and Soffa expects its per-share earnings to range from 83 cents to $1.03. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.51.
The company said it expects revenue in the range of $260 million to $300 million for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $369.6 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KLIC at https://www.zacks.com/ap/KLIC | https://www.houstonchronicle.com/business/article/Kulicke-and-Soffa-Fiscal-Q3-Earnings-Snapshot-17349273.php | 2022-08-03T21:39:06Z | https://www.houstonchronicle.com/business/article/Kulicke-and-Soffa-Fiscal-Q3-Earnings-Snapshot-17349273.php | true | 21 |
Analyst Wins Revival Of Kobre & Kim Discrimination Suit
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
- Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
- Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
- Create custom alerts for specific article and case topics and so much more!
TRY LAW360 FREE FOR SEVEN DAYS
Read the full article
Already a subscriber? Click here to login | https://www.law360.com/articles/1517984/analyst-wins-revival-of-kobre-kim-discrimination-suit | 2022-08-03T21:39:20Z | https://www.law360.com/articles/1517984/analyst-wins-revival-of-kobre-kim-discrimination-suit | true | null |
Español
Italiano
Français
My Account
My Account
Notifications
Log In
QQQ
–
–%
DIA
–
–%
SPY
–
–%
TLT
–
–%
GLD
–
–%
BTC/USD
–
–%
Data & APIs
Events
Marketfy
Premarket
Contribute
Español
Italiano
Français
Sign in
News
Earnings
Guidance
Dividends
M&A
Buybacks
Legal
Interviews
Management
Retail Sales
Offerings
IPOs
Insider Trades
Biotech/FDA
Freight
Politics
Government
Healthcare
Markets
Pre-Market
After Hours
Movers
ETFs
Forex
Cannabis
Commodities
Options
Binary Options
Bonds
Futures
CME Group
Global Economics
Previews
Small-Cap
Cryptocurrency
Penny Stocks
Digital Securities
Ratings
Analyst Color
Downgrades
Upgrades
Initiations
Price Target
Ideas
Trade Ideas
Long Ideas
Short Ideas
Technicals
From The Press
Jim Cramer
Rumors
Best Stocks & ETFs
Best Penny Stocks
Best S&P 500 ETFs
Best Swing Trade Stocks
Best Blue Chip Stocks
Best High-Volume Penny Stocks
Best Small Cap ETFs
Fintech
News
Podcast
Personal Finance
Compare Online Brokers
Stock Brokers
Forex Brokers
Futures Brokers
Crypto Brokers
Options Brokers
ETF Brokers
Mutual Fund Brokers
Index Fund Brokers
Bond Brokers
Short Selling Brokers
Stock Apps
All Broker Reviews
Insurance
Auto
Home
Medicare
Life
Vision
Dental
Business
Pet
Health
Motorcycle
Renters
Workers Comp
Top Stocks
Penny Stocks
Stocks Under $5
Stocks Under $10
Stocks Under $20
Stocks Under $50
Stocks Under $100
Alternative Investing
Invest in Art
Invest in Land
Invest in Real Estate
Invest in Wine
Invest in Gold
Mortgages
Refinance
Purchase
Find a Mortgage Broker
Alts
Best Real Estate Crowdfunding Platforms
REITs Versus Crowdfunding
How to Invest in Artwork
Best Alternative Investments
Best Alternative Investment Platforms
Crypto
Get Started
Is Bitcoin a Good Investment?
Is Ethereum a Good Investment?
What is Blockchain
Best Altcoins
How to Buy Cryptocurrency?
DeFi
Crypto and DeFi 101
What is DeFi?
Decentralized Exchanges
Best DeFi Yield Farms
Digital Securities
NFTs
NFT Release Calendar
What is a Non-Fungible Token (NFT)?
How to Buy Non-Fungible Tokens (NFTs)
CryptoPunks Watchlist
Are NFTs a Scam or a Digital Bubble?
Best In Crypto
Best Crypto Apps
Best Crypto Portfolio Trackers
Best Crypto Day Trading Strategies
Best Crypto IRA
Best Cryptocurrency Scanners
Best Business Crypto Accounts
Best Crypto Screeners
Cannabis
News
Earnings
Interviews
Deals
Regulations
Psychedelics
TV
Watch
YouTube
Podcasts
Trading School
Personal Finance
Compare Online Brokers
Stock Brokers
Forex Brokers
Futures Brokers
Crypto Brokers
Options Brokers
ETF Brokers
Mutual Fund Brokers
Index Fund Brokers
Bond Brokers
Short Selling Brokers
Stock Apps
All Broker Reviews
Insurance
Auto
Home
Medicare
Life
Vision
Dental
Business
Pet
Health
Motorcycle
Renters
Workers Comp
Top Stocks
Penny Stocks
Stocks Under $5
Stocks Under $10
Stocks Under $20
Stocks Under $50
Stocks Under $100
Alternative Investing
Invest in Art
Invest in Land
Invest in Real Estate
Invest in Wine
Invest in Gold
Mortgages
Refinance
Purchase
Find a Mortgage Broker
Alts
Best Real Estate Crowdfunding Platforms
REITs Versus Crowdfunding
How to Invest in Artwork
Best Alternative Investments
Best Alternative Investment Platforms
Crypto
Get Started
Is Bitcoin a Good Investment?
Is Ethereum a Good Investment?
What is Blockchain
Best Altcoins
How to Buy Cryptocurrency?
DeFi
Crypto and DeFi 101
What is DeFi?
Decentralized Exchanges
Best DeFi Yield Farms
Digital Securities
NFTs
NFT Release Calendar
What is a Non-Fungible Token (NFT)?
How to Buy Non-Fungible Tokens (NFTs)
CryptoPunks Watchlist
Are NFTs a Scam or a Digital Bubble?
Best In Crypto
Best Crypto Apps
Best Crypto Portfolio Trackers
Best Crypto Day Trading Strategies
Best Crypto IRA
Best Cryptocurrency Scanners
Best Business Crypto Accounts
Best Crypto Screeners
Cannabis
News
Earnings
Interviews
Deals
Regulations
Psychedelics
TV
Watch
YouTube
Podcasts
Trading School
My Stocks
Tools
Calendars
Analyst Ratings Calendar
Dividend Calendar
Conference Call Calendar
Earnings Calendar
Economic Calendar
FDA Calendar
Guidance Calendar
IPO Calendar
M&A Calendar
Retail Sales Calendar
SPAC Calendar
Stock Split Calendar
Trade Ideas
Insider Trades
Trade Idea Feed
Analyst Ratings
Unusual Options Activity
Heatmaps
Short Interest
Most Shorted
Largest Increase
Largest Decrease
Calculators
Margin Calculator
100x Options Profit Calculator
Premium
QQQ
–
–%
DIA
–
–%
SPY
–
–%
TLT
–
–%
GLD
–
–%
BTC/USD
–
–%
CASTLE WEALTH MANAGEMENT LLC (Form13F-HR)
Accepted:
Form Type:
13F-HR
Accession Number:
0001936420-22-000003 | https://www.benzinga.com/secfilings/22/08/28297474/castle-wealth-management-llc-form13f-hr | 2022-08-03T21:40:37Z | https://www.benzinga.com/secfilings/22/08/28297474/castle-wealth-management-llc-form13f-hr | true | 254241 |
An influencer may wear an outfit in just one post before banishing it to the depths of the closet. It may stay there, unworn and unused, until it's time for the occasional wardrobe cleanout. At best, the garment will be resold or donated. At worst, it'll end up in a landfill.
Detoure, an online consignment shop, wants to change that.
The company, which describes itself as an “influencer thrift store,” is trying to lessen the burden on overflowing landfills by tackling influencers’ overflowing closets.
Accelerating trend cycles are only adding to the fast fashion industry’s nearly insurmountable toll on the environment. Detoure sells influencers’ trendy clothing — most of which is either new with tags or has been worn only once — for a small fraction of the cost of buying the garments new.
“The way social media’s going, influencers wear the clothes once for a photo and then they never really wear it again,” said Detoure’s founder, Meghan Russell. “And so what happens to the clothes then at that point?”
In the year since Russell launched Detoure, the store has partnered with about 50 influencers, and Russell plans to expand the roster in the coming months. Primarily an online store, Detoure has gone viral on TikTok for its Los Angeles pop-up events, which it started hosting this year.
The way social media’s going, influencers wear the clothes once for a photo and then they never really wear it again. And so what happens to the clothes then at that point?
Meghan Russell, DETOURE FOUNDER
The line for Detoure’s July pop-up — which took place in a borrowed streetwear store — stretched down Melrose Avenue. Drawn in with promises of being able to buy affordable clothing without having to dig for it, as at a traditional thrift store, hundreds of hopeful shoppers flocked to the event Sunday.
For $5 to $10, customers could snag crop tops from fast fashion brands like Pretty Little Thing or Zara. A powder blue midi skirt from the brand ASTR the Label, which originally retailed for $98 last season, was priced at $30. Among Detoure’s most expensive pieces was a dainty lace dress with the original tags still intact from the brand For Love & Lemons. It’s a significant drop from buying the dress from retailers like Revolve or Dolls Kill, which priced the dress at $278.
“We’re all pressured to buy something that’s super trendy right now, but next month, it probably won’t be,” Russell said. “I think this allows consumers to buy what they want to right now but also feel good about their purchase, because it’s not contributing in any way to the waste.”
Doing the behind-the-scenes work
Russell, 24, became passionate about ethics in fashion in college, where she studied global health and the rampant human trafficking in the textile industry. After graduation, she worked with influencers for a marketing job in sustainable fashion. A conversation Russell had with an influencer, who was “ranting about how her closet’s overflowing,” inspired her.
“She didn’t have time to sell on Depop or Poshmark,” Russell said. “And she didn’t want to throw it away, because she didn’t want it to be in a landfill. A lightbulb moment went off then.”
Russell decided to finally pursue the idea after she was laid off weeks into the pandemic. She began messaging people to pitch her idea, and through word of mouth, she developed a cohort of fashion and lifestyle creators thrilled to clear out their closets.
Although many influencers and lifestyle creators resell their clothing on Depop and Poshmark, it’s a time-consuming and labor-intensive process. Detoure takes on most of the burden by collecting inventory, determining prices, posting listings and handling shipping. Detoure also took a smaller commission when it launched. Depop takes a 10% fee, and Poshmark takes a flat $2.95 for items under $15 and a 20% fee for items over $15.
Karsen Kimball, an influencer who posts try-on videos on TikTok, described partnering with Detoure as a “crazy blessing.”
“I’ve always struggled with trying to list things on Poshmark,” Kimball said. “It’s obviously super time-consuming, and it’s not a typical part of our jobs.”
Carolena Huseby, a creator who makes travel and lifestyle content, “started with Poshmark” but found that it was “taking away” from her working hours because it took so much time.
“You would get a PR package and it could not have a tag on it, and you wouldn’t know what to put [the price] as,” Huseby said. “So it was hard to do the behind-the-scenes work.”
A need for size inclusivity
The location of every Detoure event is “secret,” and to get the address, attendees have to register in advance. Detoure sends out text and email alerts with the addresses a few days before the pop-ups.
Russell estimates that 500 people attended the most recent pop-up. There, Huseby and Kimball assisted with restocking and crowd control.
At some earlier events, Detoure sold out of inventory in less than two hours. To ensure that everyone had a fair chance to shop — and to prevent overcrowding inside — the pop-up operated in shifts.
About 50 attendees were allowed in at a time, and they had a 15-minute window to peruse the racks. At the end of each window, Detoure employees herded shoppers to the checkout line, restocked the racks and allowed in 50 more attendees.
Those who were still waiting in line to check out during restocking were asked to abstain from buying any of the newly added clothing, so the next group could have a chance to buy it.
Whatever inventory was left over was donated to the Downtown Women’s Center, a Los Angeles organization that serves unhoused women.
While Detoure’s pop-up did include a wide size range, there was still a disparity between the sheer volume of straight-size clothing and the more limited selection of plus-size options.
Many of the shoppers flocked to the XS to L racks, which were picked through minutes into every shopping window. Detoure employees balancing baskets of garments restocked the racks with fresh waves of inventory every time sections looked bare. The plus-size rack was far from sparse, but it didn’t feature the abundance of designer pieces that the straight-size sections had.
Alina Murillo, who was visiting a friend in Los Angeles and had waited in line for an hour and half, said she was impressed by Detoure’s size range. But she said she didn’t think it was worth it to wait so long to shop such a limited selection of clothing.
“I’m a little bit on the curvier side, so I was reluctant that I wouldn’t really find anything that fits me, but I did.” Murillo said as she checked out. “For more petite girls ... it’s where they had really cute stuff. I just can’t fit in it. [I’d] like a little more inclusivity with curvier ladies, but I was impressed by what they actually had.”
Russell acknowledged that traditionally, “influencers have been one type of body.” Detoure carries sizes XXS to 4XL, and Russell said the brand is “working to get a lot more influencers of different sizes” on the roster.
“I never want someone to not feel like we represent them,” she said. “As we grow and expand to more and more influencers, that’s something that we’re really going to keep in mind and that we’re really going to prioritize.”
Encouraging sustainable shopping
The fast fashion industry is wasteful and exploitive, but it’s growing faster than ever. Shein, a Chinese retailer known for selling cheap duplicates of trendy designer pieces, was valued at $100 billion this year. Micro trends popularized on TikTok are driving fast fashion sales; the rapid turnover of “must-have” wardrobe staples encourages consumers to keep buying new clothes.
Clothing brands marketed as “sustainable” or “ethically sourced,” meanwhile, are often prohibitively expensive. “Slow fashion” claims to use renewable resources and pay its workers fair wages, but the high cost of a single garment is a deterrent for the majority of consumers. A summer dress made of plant-based viscose fabric from the brand Reformation can cost $248. A polyester lookalike from Shein, however, costs $14.
The actual sustainability of “sustainable” fashion is dubious. The lack of transparency in fashion manufacturing, acco The Financial Times reports, allows brands to “say whatever they want.” Environmental watchdog groups have raised concerns over “greenwashing” in fashion — a marketing tactic companies use to make misleading claims about their commitment to sustainability without actually changing their practices to be more sustainable.
It’s unlikely that fast fashion will slow down in the near future, and banking on “sustainable” brands to lower their prices to compete with fast fashion brands is unrealistic.
The most sustainable way to shop, Russell said, is to buy secondhand clothing instead of contributing to waste.
“The main goal was to make it affordable for people,” she said. “Pushing sustainable fashion isn’t going to change anything if people can’t afford it.”
Shopping in a conventional thrift store can be like sifting for gold. Occasionally, a shopper may find a coveted designer item for the same cost as the Shein knockoff. “Thrift flipping” — the practice of tailoring an outdated thrifted garment to make it trendy and modern — is on the rise, but it requires technical skills and patience that few people have.
Russell hopes that by curating clothing that’s already in style, Detoure will encourage consumers to be more conscious of shopping sustainably.
“People get really excited to find the treasures out there,” she said. “We do the filtering for you.”
CORRECTION (Aug. 3, 2022, 4:56 p.m. ET): A previous version of this article misspelled the first name of Detoure’s founder. She is Meghan Russell, not Megan. | https://www.nbcnews.com/pop-culture/pop-culture-news/thrift-influencer-detoure-sustainable-fashion-tiktok-rcna41225 | 2022-08-03T21:41:32Z | https://www.nbcnews.com/pop-culture/pop-culture-news/thrift-influencer-detoure-sustainable-fashion-tiktok-rcna41225 | false | 1 |
SARATOGA SPRINGS, N.Y. (NEWS10) – At the Saratoga Corinth and Hudson Railway, it’s not about the destination, but the journey! Since their grand opening in May, the new scenic train adventure in Corinth has been on a roll.
“People love it! The word is quickly spreading, the trains are full on weekends, we have families who are coming back three, four, or five times,” said Hal Raven, owner and train conductor.
There are more train rides being added all the time! Including special themed rides (for example: pizza party & sunset rides) and seasonal rides.
Saratoga Corinth & Hudson Railway is located at 9 Railroad Place, Corinth, N.Y. 12866. For the latest ticketing information, keep checking their website. | https://www.news10.com/10-in-toga/discovering-saratoga-saratoga-corinth-hudson-railway/ | 2022-08-03T21:42:17Z | https://www.news10.com/10-in-toga/discovering-saratoga-saratoga-corinth-hudson-railway/ | false | null |
Dallas, Texas, Aug. 03, 2022 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE
Kronos Worldwide, Inc. (: KRO) announced that its board of directors has declared a regular quarterly dividend of nineteen cents ($0.19) per share on its common stock, payable on September 15, 2022 to stockholders of record at the close of business on September 1, 2022.
Kronos Worldwide, Inc. is a major international producer of titanium dioxide products.
* * * * *
Contact: Janet Keckeisen, Vice President, Investor Relations, (972) 233-1700 | https://www.gurufocus.com/news/1842257/kronos-worldwide-inc-announces-quarterly-dividend | 2022-08-03T21:44:07Z | https://www.gurufocus.com/news/1842257/kronos-worldwide-inc-announces-quarterly-dividend | true | null |
Automotive Wire Forming Market 2022 trends: with Descriptive Analysis “Chromewell Engineering (India), Automatic Specialties (USA), Christian Eberl (Germany), Big Rapids Products (USA)”
Details Overview Of Automotive Wire Forming Market Insights 2022
This section discusses about various aspects of Automotive Wire Forming sector, including its size, trends, revenue forecasts and Latest Update: This has brought along several changes this report also covers the impact of Current COVID-19 situation. Sample Request Now
The Automotive Wire Forming Market Research literature also presents sections exclusive to assessing and concluding the revenue prospects for each market sector. The Automotive Wire Forming market report concludes with a detailed assessment of this industry, highlighting the growth drivers and lucrative prospects that are likely to affect the global Automotive Wire Forming market over the forecast period.
The Automotive Wire Forming Market report provides in-depth analysis of the current state of the industry, including its technological trends, competitive landscape, key players, revenue forecasts for global, regional and country levels. It also provides comprehensive coverage on major industry drivers, restraints, and their impact on market growth during the forecast period. For the purpose of research, The Report has segmented global Automotive Wire Forming market on the basis of types, technology and region
Get a Sample PDF copy of Automotive Wire Forming Market @ https://www.reportsinsights.com/sample/652978
Key Competitors of the Global Automotive Wire Forming Market are:
Automatic Specialties (USA), Big Rapids Products (USA), Christian Eberl (Germany), Chromewell Engineering (India), Classic Coatings (USA), Federnfabrik Dietz (Germany), Flauger & Flamig Berliner Spiralfedernfabrik (Germany), Fuji Springs (Japan), Gebr. Wielputz (Germany), GL-Spezial Platinen (Germany), HAYASHI SPRING (Japan), Homer Donaldson (USA), JD Norman Industries (USA), JR Manufacturing (USA), Keihin Hatsujyo (Japan), Komatsu Spring Industrial (Japan), Kyoritsu (Japan), Lewis Spring (USA), Manufacturers Industrial Group (USA), Marion Manufacturing Company (USA), MEGAFORM Automotive (Canada), Michigan Steel Spring (USA), Mie Kondo (Japan), Millennium Pressed Metal (UK), MM Auto Industries (India), Paramount Stamping and Welding (USA), Perfection Spring & Stamping (USA), Peterson Spring (USA), SCHERDEL (Germany), Spring Team (USA)
The Automotive Wire Forming market research literature also presents sections exclusive to assessing and concluding the revenue prospects for each market sector. The report concludes with a detailed assessment of this industry, highlighting the growth drivers and lucrative prospects that are likely to affect the global Automotive Wire Forming market over the forecast period.
This section discusses about various aspects of this sector, including its size, trends, and revenue forecasts.The Automotive Wire Forming market is segmented by product type, end-user industry, and geography.
Major Product Types covered are:
Clasps Wire
Round Wire
Flat Wire
Others
The Application Coverage in the Market are:
Passenger Cars
Commercial Vehicles
Automotive Wire Forming Market Scope:
To Request Enquiry for This Report: https://www.reportsinsights.com/enquiry/652978
Regional Automotive Wire Forming Market (Regional Output, Demand & Forecast by Regions):-
North America (United States, Canada, Mexico)
South America ( Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And More.
Major Points Covered in Table of Contents:
- Automotive Wire Forming Market Overview
- Market Competition by Manufacturers
- Production Picture of Automotive Wire Forming and Global Automotive Wire Forming Market: Classification
- Overall Automotive Wire Forming Market Regional Demand
- Market Breakdown and Data Triangulation Approach
- Business, Regional, Product Type, Sales Channel – Trends
- Automotive Wire Forming Market Dynamics: Restraints, Opportunities, Industry Value Chain, Porter’s Analysis and Others
- Covid-19 impact on Global Automotive Wire Forming demand
- Market Analysis Forecast by Sagments
- Competitive Analysis
- Market Research Findings & Conclusion The research report studies the past, present, and future performance of the global market. The report further analyzes the present competitive scenario, prevalent business models, and the likely advancements in offerings by significant players in the coming years.
Key Questions answered by the Report
- What are the leading eyeliner brands in the Automotive Wire Forming market?
- What are the top strategies that players are expected to adopt in the coming years?
- What are the trends in this Automotive Wire Forming market?
- How will the competitive landscape change in the future?
- What are the challenges for this Automotive Wire Forming market?
- What are the market opportunities and market overview of the Automotive Wire Forming market?
- What are the key drivers and challenges of the global Automotive Wire Forming market?
- How is the global Automotive Wire Forming market segmented by product type?
- What will be the growth rate of the Global Automotive Wire Forming Market 2022 for the forecast period 2022 to 2028?
- What will be the market size during this estimated period?
- What are the opportunities business owners can rely upon to earn more profits and stay competitive during the estimated period?
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards Global Automotive Wire Forming market performance
Access full Report Description, TOC, Table of Figure, Chart, etc. @ https://www.reportsinsights.com/industry-forecast/automotive-wire-forming-market-analysis-by-regions-652978
Reports Insights is the leading research industry that offers contextual and data-centric research services to its customers across the globe. The firm assists its clients to strategize business policies and accomplish sustainable growth in their respective market domain. The industry provides consulting services, syndicated research reports, and customized research reports.
Contact US:
Email: info@reportsinsights.com
Sales: sales@reportsinsights.com | https://shanghai.ist/2022/08/03/automotive-wire-forming-market-2022-trends-with-descriptive-analysis-chromewell-engineering-india-automatic-specialties-usa-christian-eberl-germany-big-rapids-products-usa/ | 2022-08-03T21:47:01Z | https://shanghai.ist/2022/08/03/automotive-wire-forming-market-2022-trends-with-descriptive-analysis-chromewell-engineering-india-automatic-specialties-usa-christian-eberl-germany-big-rapids-products-usa/ | false | 180 |
Demi Lovato started her career at seven years old on Barney and Friends, then rose to fame starring in the Disney Channel Original Movie Camp Rock (2008). The film’s hit song, “This Is Me,” saw Lovato and duet partner Joe Jonas, of Jonas Brothers fame, enter the Billboard Hot 100 at number nine. Lovato later starred in Camp Rock 2: The Final Jam (2010), Sonny with a Chance, and Princess Protection Program (2009) with her Barney costar Selena Gomez.
Lovato has been open about her struggles with addiction and mental health and has become an advocate for the LGBTQIA+ community over the years. In May 2021, she came out as nonbinary and announced that she would use they/them pronouns.
In April of this year, the “Skyscraper” singer updated the pronouns in her Instagram bio to they/their/she/hers.
This week, Lovato spoke to the Spout podcast about her gender, sexuality, and identity journey, referring to herself as a “fluid person.” On the podcast, she officially announced that she has once again adopted she/her pronouns.
Lovato said that she felt her “masculine and feminine energy” were at balance last year.
“When I was faced with the choice of walking into a bathroom, and it said ‘women’ and ‘men,’ I didn’t feel like there was a bathroom for me because I didn’t feel necessarily like a woman,” Lovato said.
“I didn’t feel like a man,” Lovato continued. “I just felt like a human. And that’s what they/them is about. For me, it’s just about, like, feeling human at your core.”
Recently, Lovato said, she has been feeling more feminine. She noted that the concept of gender fluidity and pronouns is a learning process for many people and that respect is most important:
“I think what’s important is, like, nobody’s perfect. Everyone messes up pronouns at some point, and especially when people are learning, it’s just all about respect.”
While Lovato may not star in any Disney projects in the future, we wish her luck with her music career and all the best in being her authentic self! | https://insidethemagic.net/2022/08/demi-lovato-explains-she-her-pronouns-jc1/ | 2022-08-03T21:47:37Z | https://insidethemagic.net/2022/08/demi-lovato-explains-she-her-pronouns-jc1/ | false | 1 |
This is a carousel. Use Next and Previous buttons to navigate
WASHINGTON (AP) — President Joe Biden traveled to Saudi Arabia last month on the possibility that he could get some additional oil production out of OPEC+ in coming weeks, but the cartel and other nations announced a scant increase Wednesday.
The White House responded by stressing that what matters is the steady decline in oil and gasoline prices from summer highs, not the actions taken by OPEC+ to pump an additional 100,000 barrels of oil in September. White House press secretary Karine Jean-Pierre noted that the decline began June 14, the day the administration disclosed plans for Biden's trip to Israel and Saudi Arabia.
“The fact of the matter is that oil and gas prices are coming down,” Jean-Pierre told reporters at her briefing. “The moment he announced his trip we saw gas prices and oil prices coming down.”
While there may be a correlation, it is unclear whether the announced trip caused prices to decline. Oil prices can be determined by a wide range of factors including changes in supply, the pace of economic growth, geopolitical events and extreme weather.
Behind Jean-Pierre in the briefing room was a blue chart that showed a 17% drop in average U.S. gas costs since prices peaked at about $5 a gallon. AAA puts the current national average at $4.16 a gallon. Crude oil prices fell Wednesday to just below $91 a barrel, down from more than $120 in early June.
Still, gas prices are 31% above their level last year, frustrating voters ahead of the midterm elections and heightening concerns about an economic downturn in the U.S. and Europe as central banks try to get inflation under control.
Energy prices jumped after Russia, a major energy producer, invaded Ukraine in late February. That prompted a series of sanctions and other measures at a time when refining capacity was tight and oil production was still recovering from the pandemic that began in 2020. The Biden administration has called on OPEC+ as well as domestic producers and refineries to increase output, an effort the administration tried to bridge by releasing 1 million barrels daily from the U.S. strategic reserve.
The war in Ukraine quickly rejiggered global politics. Natural gas shortages threatened Europe and Biden's approval ratings sank as prices at the pump climbed. Biden's Saudi Arabia trip was something of an about-face, given that at a 2019 debate during the presidential campaign, Biden had called the kingdom a “pariah” for the killing of Washington Post contributor Jamal Khashoggi.
Yet after Biden met with Saudi Crown Prince Mohammed bin Salman in mid-July, Biden raised expectations that a meaningful amount of supply could be coming onto the market. Asked about the impact his meeting would have on oil prices, he said “you won’t see that for another couple of weeks" in what appeared to be a reference to Wednesday's meeting of the OPEC oil cartel.
In a world that uses nearly 100 million barrels of oil daily, the added production amounted to a miniscule 0.1% increase. In a prior meeting, OPEC had boosted oil production by 648,000 barrels per day in July and August.
But in a statement, OPEC+ warned about the reasons why it was being cautious in adding oil to the market. The countries in the cartel, which is led by Saudi Arabia, needed to keep some of their oil capacity in reserve in case of future disruptions. They also noted the “chronic” lack of investment in oil production that has coincided with wealthier nations' shift away from fossil fuels to address climate change.
Biden is trying to reduce the U.S. reliance on fossil fuels. Democratic allies are working to push through the Senate a measure that includes $369 billion in climate change-fighting strategies over the next decade. That spending would include tax breaks for wind and solar as well as for purchasing electric vehicles. | https://www.houstonchronicle.com/news/article/WH-says-falling-gas-prices-matter-more-than-OPEC-17349215.php | 2022-08-03T21:47:53Z | https://www.houstonchronicle.com/news/article/WH-says-falling-gas-prices-matter-more-than-OPEC-17349215.php | true | 41 |
Actor Dev Patel reportedly tried to break up a knife fight in Australia.
According to police in Australia, they responded to a man and a woman fighting in the street as witnesses tried to intervene.
A representative for Patel told Australian media the actor tried to de-escalate the situation
“The group was thankfully successful in doing so, and they remained on site to ensure that the police and eventually the ambulance arrived," the representative told Australia's 7 News.
Police said the man was taken to a hospital for treatment. His injuries are not life-threatening, according to police.
The woman was arrested and charged with aggravated assault. | https://www.koaa.com/news/national/actor-dev-patel-reportedly-helped-break-up-knife-fight | 2022-08-03T21:49:27Z | https://www.koaa.com/news/national/actor-dev-patel-reportedly-helped-break-up-knife-fight | true | null |
Greenbrook TMS GBNH is set to give its latest quarterly earnings report on Tuesday, 2022-08-02. Here's what investors need to know before the announcement.
Analysts estimate that Greenbrook TMS will report an earnings per share (EPS) of $-0.43.
Greenbrook TMS bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Past Earnings Performance
Last quarter the company missed EPS by $0.06, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Greenbrook TMS's past performance and the resulting price change:
Stock Performance
Shares of Greenbrook TMS were trading at $2.36 as of July 29. Over the last 52-week period, shares are down 75.78%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.
To track all earnings releases for Greenbrook TMS visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. | https://www.benzinga.com/news/earnings/22/08/28297815/greenbrook-tms-earnings-preview | 2022-08-03T21:49:41Z | https://www.benzinga.com/news/earnings/22/08/28297815/greenbrook-tms-earnings-preview | true | 892 |
Cover stars for the latest edition of British Plastics & Rubber Magazine, Distrupol reflects on its past, and prepares for its future.
Plastic. It’s come a long way in its relatively short life. With its birth story starting in the early 1800s, it’s the much younger and slightly more rebellious cousin of more traditional, BC-discovered materials such as glass and metal.
The fast-paced development of plastic over the last 200 years is remarkable.
The first injection moulding machine was patented in 1872, Nylon was patented in 1935, PVC was first produced in the UK in 1940, ABS was produced in 1948, the first acetals were patented in 1956, Distrupol was established in 1963, and the following 60 years saw lightening-speed advancements in technology that supported an explosion in demand for the unique attributes of the polymer family.
Wherever you’re reading this right now - in the office, on the train, at your kitchen table – surrounding you will be hundreds of plastic applications serving you loyally. The intricate electronic components inside your phone, the protective food packaging in the fridge, the safety features comforting you in your car, the mechanisms in the window frames, even the clothes you’re wearing right now. Our whole world is a real-life combination of ‘Polymers In Action’ (Distrupol.com/Polymers-In-Action). The lightweight, cost-effective, versatile, strong, safe, reliable and unique features of plastic make it impossible to match.
But with great power comes great responsibility.
The fast-consuming lifestyle we’ve come to expect in the last 20 years in particular is burdensome. People’s single-use, throwaway nature is undeniably unsustainable. As we stand here as an industry elder today, closing our fifth decade, reminiscing over the last 60 years, looking forward to the next - we have questions. What’s to come? What needs to change? What will improve? How will this affect us? How can we help?
Going back…
We started in the polymer distribution game way back in the early 1960s, known as Ronmar Plastics at the time. Though we’ve been acquired, undergone rebranding, and made several acquisitions ourselves, our fundamental principle of delivering world-class polymer solutions has never wavered.
Our business has seen the introduction of the mobile phone, the first installation of the PVC window, and the rise of autonomous vehicles. Our polymer experts’ knowledge has been instrumental in the development of thousands of plastic products across the medical, automotive, electronics, wire and cable, industrial, consumer and film sectors. We work with major market innovators and inventors. In short, we’ve seen it all.
But not everything we’ve seen, we’ve liked.
Back to the present day…
The last 10 years have highlighted how carelessness is costing our planet. We’ve all seen the photos and the scary statistics; we all know there’s only so much the planet (and specifically its oceans) can take. But each country’s plastic profile is different. Usage, disposal and recycling rates vary drastically, and plenty of data exists which demonstrates exactly where the ocean’s plastic pollution comes from.
The rise of bioplastics and recycled plastics provide opportunities to revamp the sustainability of products, bans and taxes contribute to a more sustainable approach, and re-educating the consumer supports more responsible behaviour.
Of course, there is not a single solution. Enhancing product designs and manufacturing processes are also integral to the future of plastics in a modern and sustainable society.
We don’t just buy and sell. We never have. We’ve got 60 years of operational excellence under our belts. We innovate. We design, develop, deliver. We provide opportunity to improve. We leverage #ThePositivesOfPlastic to lighten product weights, to extend product life, to fireproof products, to create unique solutions, to save lives. This is the plastic we’re passionate about.
We've lived the history; it's been quite a journey. Now it's time to be part of the future. Here’s to the next 60 years. | https://interplasinsights.com/plastics-materials/latest-plastics-materials-news/distrupol-reflects-on-six-decades-in-plastics-and-what-lies-/ | 2022-08-03T21:50:16Z | https://interplasinsights.com/plastics-materials/latest-plastics-materials-news/distrupol-reflects-on-six-decades-in-plastics-and-what-lies-/ | false | 1 |
Español
Italiano
Français
My Account
My Account
Notifications
Log In
QQQ
–
–%
DIA
–
–%
SPY
–
–%
TLT
–
–%
GLD
–
–%
BTC/USD
–
–%
Data & APIs
Events
Marketfy
Premarket
Contribute
Español
Italiano
Français
Sign in
News
Earnings
Guidance
Dividends
M&A
Buybacks
Legal
Interviews
Management
Retail Sales
Offerings
IPOs
Insider Trades
Biotech/FDA
Freight
Politics
Government
Healthcare
Markets
Pre-Market
After Hours
Movers
ETFs
Forex
Cannabis
Commodities
Options
Binary Options
Bonds
Futures
CME Group
Global Economics
Previews
Small-Cap
Cryptocurrency
Penny Stocks
Digital Securities
Ratings
Analyst Color
Downgrades
Upgrades
Initiations
Price Target
Ideas
Trade Ideas
Long Ideas
Short Ideas
Technicals
From The Press
Jim Cramer
Rumors
Best Stocks & ETFs
Best Penny Stocks
Best S&P 500 ETFs
Best Swing Trade Stocks
Best Blue Chip Stocks
Best High-Volume Penny Stocks
Best Small Cap ETFs
Fintech
News
Podcast
Personal Finance
Compare Online Brokers
Stock Brokers
Forex Brokers
Futures Brokers
Crypto Brokers
Options Brokers
ETF Brokers
Mutual Fund Brokers
Index Fund Brokers
Bond Brokers
Short Selling Brokers
Stock Apps
All Broker Reviews
Insurance
Auto
Home
Medicare
Life
Vision
Dental
Business
Pet
Health
Motorcycle
Renters
Workers Comp
Top Stocks
Penny Stocks
Stocks Under $5
Stocks Under $10
Stocks Under $20
Stocks Under $50
Stocks Under $100
Alternative Investing
Invest in Art
Invest in Land
Invest in Real Estate
Invest in Wine
Invest in Gold
Mortgages
Refinance
Purchase
Find a Mortgage Broker
Alts
Best Real Estate Crowdfunding Platforms
REITs Versus Crowdfunding
How to Invest in Artwork
Best Alternative Investments
Best Alternative Investment Platforms
Crypto
Get Started
Is Bitcoin a Good Investment?
Is Ethereum a Good Investment?
What is Blockchain
Best Altcoins
How to Buy Cryptocurrency?
DeFi
Crypto and DeFi 101
What is DeFi?
Decentralized Exchanges
Best DeFi Yield Farms
Digital Securities
NFTs
NFT Release Calendar
What is a Non-Fungible Token (NFT)?
How to Buy Non-Fungible Tokens (NFTs)
CryptoPunks Watchlist
Are NFTs a Scam or a Digital Bubble?
Best In Crypto
Best Crypto Apps
Best Crypto Portfolio Trackers
Best Crypto Day Trading Strategies
Best Crypto IRA
Best Cryptocurrency Scanners
Best Business Crypto Accounts
Best Crypto Screeners
Cannabis
News
Earnings
Interviews
Deals
Regulations
Psychedelics
TV
Watch
YouTube
Podcasts
Trading School
Personal Finance
Compare Online Brokers
Stock Brokers
Forex Brokers
Futures Brokers
Crypto Brokers
Options Brokers
ETF Brokers
Mutual Fund Brokers
Index Fund Brokers
Bond Brokers
Short Selling Brokers
Stock Apps
All Broker Reviews
Insurance
Auto
Home
Medicare
Life
Vision
Dental
Business
Pet
Health
Motorcycle
Renters
Workers Comp
Top Stocks
Penny Stocks
Stocks Under $5
Stocks Under $10
Stocks Under $20
Stocks Under $50
Stocks Under $100
Alternative Investing
Invest in Art
Invest in Land
Invest in Real Estate
Invest in Wine
Invest in Gold
Mortgages
Refinance
Purchase
Find a Mortgage Broker
Alts
Best Real Estate Crowdfunding Platforms
REITs Versus Crowdfunding
How to Invest in Artwork
Best Alternative Investments
Best Alternative Investment Platforms
Crypto
Get Started
Is Bitcoin a Good Investment?
Is Ethereum a Good Investment?
What is Blockchain
Best Altcoins
How to Buy Cryptocurrency?
DeFi
Crypto and DeFi 101
What is DeFi?
Decentralized Exchanges
Best DeFi Yield Farms
Digital Securities
NFTs
NFT Release Calendar
What is a Non-Fungible Token (NFT)?
How to Buy Non-Fungible Tokens (NFTs)
CryptoPunks Watchlist
Are NFTs a Scam or a Digital Bubble?
Best In Crypto
Best Crypto Apps
Best Crypto Portfolio Trackers
Best Crypto Day Trading Strategies
Best Crypto IRA
Best Cryptocurrency Scanners
Best Business Crypto Accounts
Best Crypto Screeners
Cannabis
News
Earnings
Interviews
Deals
Regulations
Psychedelics
TV
Watch
YouTube
Podcasts
Trading School
My Stocks
Tools
Calendars
Analyst Ratings Calendar
Dividend Calendar
Conference Call Calendar
Earnings Calendar
Economic Calendar
FDA Calendar
Guidance Calendar
IPO Calendar
M&A Calendar
Retail Sales Calendar
SPAC Calendar
Stock Split Calendar
Trade Ideas
Insider Trades
Trade Idea Feed
Analyst Ratings
Unusual Options Activity
Heatmaps
Short Interest
Most Shorted
Largest Increase
Largest Decrease
Calculators
Margin Calculator
100x Options Profit Calculator
Premium
QQQ
–
–%
DIA
–
–%
SPY
–
–%
TLT
–
–%
GLD
–
–%
BTC/USD
–
–%
iSHARES TRUST (Form497K) (0001193125-22-208610)
Accepted:
Form Type:
497K
Accession Number:
0001193125-22-208610 | https://www.benzinga.com/secfilings/22/08/28297677/ishares-trust-form497k-0001193125-22-208610 | 2022-08-03T21:50:23Z | https://www.benzinga.com/secfilings/22/08/28297677/ishares-trust-form497k-0001193125-22-208610 | false | 254241 |
PORTSMOUTH, N.H., Aug. 3, 2022 /PRNewswire/ -- TALON, a pioneer and industry leader in providing groundbreaking healthcare technology solutions, has announced a new partnership with third-party administrator Fox/Everett, a division of HUB International.
With a proven, seven-decade track record of offering innovative insurance solutions and unsurpassed service to clients and members spanning a wide range of industries, Fox/Everett has chosen to implement TALON's turn-key solution in support of the Transparency in Coverage Rule and No Surprises Act.
"After a thorough analysis of all solutions, we have chosen TALON as the' Best in Class" provider, to meet the federal mandate and provide a state-of-the-art Price Transparency Platform, helping our client's members lower their overall cost of healthcare," said Grant Brabham, Senior Vice-President HUB & Director of Fox/Everett.
TALON Co-Founder, President, and CEO Mark Galvin says that Fox/Everett had a very specific set of needs that TALON was able to meet—quickly and seamlessly.
"Fox/Everett recognized the need to provide their diverse dossier of clients with a comprehensive, scalable, easy-to-implement solution that not only ensures full compliance with current AND forthcoming transparency mandates, avoiding budget-busting financial penalties that are being enforced TODAY, but also empowers and incentivizes plan members to make smart, economical decisions about their own care. TALON provides that, and much more, in one streamlined solution," said Galvin.
About TALON
TALON's mission is to educate, empower, and incentivize the American healthcare consumer to meaningfully reduce costs and create a healthier ecosystem. We've built the ultimate suite of software services designed to fulfill the requirements of the Transparency in Coverage Rule and No Surprises Act. Simply put, TALON protects healthcare stakeholders from overpaying for care while enabling seamless integration into the Payer's existing architecture, all without disruption or distraction. Our tools create free-market dynamics, starting with our ability to ensure full compliance with all mandates and extending through our consumer-driven MyMedicalShopper platform. Learn more at talonhealthtech.com.
About Fox/Everett
Fox/Everett, a Division of Hub International, is a single source for any business' or individual's insurance needs, with the ability to provide the full spectrum of insurance products and services from business insurance, third party claims administration, employee benefits, personal insurance, financial services, and retirement plan administration and consulting. Learn more at http://hubinternational.com/.
View original content to download multimedia:
SOURCE MMS Analytics Inc. d/b/a TALON | https://www.wtvm.com/prnewswire/2022/08/03/talon-welcomes-foxeverett/ | 2022-08-03T21:51:07Z | https://www.wtvm.com/prnewswire/2022/08/03/talon-welcomes-foxeverett/ | true | 11 |
Copa Holdings Reports Financial Results for the Second Quarter of 2022
Published: Aug. 3, 2022 at 4:30 PM EDT|Updated: 1 hour ago
Adjusted Net Profit for the second quarter came in at US$13.2 million, or Adjusted EPS of US$0.32
PANAMA CITY, Panama, Aug. 3, 2022 /PRNewswire/ -- August 3, 2022. Copa Holdings, S.A. (NYSE: CPA), today announced financial results for the second quarter of 2022 (2Q22). The terms "Copa Holdings" and the "Company" refer to the consolidated entity. The following financial information, unless otherwise indicated, is presented in accordance with International Financial Reporting Standards (IFRS). See the accompanying reconciliation of non-IFRS financial information to IFRS financial information included in the financial tables section of this earnings release. Unless otherwise stated, all comparisons with prior periods refer to the second quarter of 2019 (2Q19) (which the Company believes are more relevant than year-over-year comparisons due to the significant impacts in 2020 and 2021 of the COVID-19 pandemic).
OPERATING AND FINANCIAL HIGHLIGHTS
- Copa Holdings' adjusted net profit, excluding special items, for 2Q22 came in at US$13.2 million or US$0.32 per share, as compared to an adjusted net profit of US$50.9 million or earnings per share of US$1.20 in 2Q19.
- Copa Holdings reported an operating profit of US$42.3 million for the quarter and a 6.1% operating margin, compared to an operating profit of US$82.6 million and an operating margin of 12.8% in 2Q19.
- Total revenues for 2Q22 came in at US$693.4 million, a 7.5% increase compared to 2Q19 revenues. Passenger revenue for 2Q22 was 5.9% higher than 2Q19, while cargo revenue was 62.4% higher than 2Q19. Yields increased 10.1% to 13.0 cents while load factors decreased 0.4 percentage points to 84.8%, compared to 2Q19, resulting in Revenue per Available Seat Mile (RASM) of 11.6 cents, or 11.3% higher than 2Q19.
- Operating cost per available seat mile (CASM) increased 19.9% from 9.1 cents in 2Q19 to 10.9 cents in 2Q22, driven by higher fuel prices. CASM excluding fuel (Ex-fuel CASM) decreased 4.6% in the quarter compared to 2Q19 to 6.0 cents.
- Capacity for 2Q22, measured in terms of available seat miles (ASMs), was 96.6% of the capacity flown in 2Q19.
- Including special items of US$110.9 million, comprised of an unrealized mark-to-market gain related to the Company's convertible notes and an unrealized mark-to-market loss related to changes in the value of financial investments, the Company reported a net profit of US$124.1 million for the quarter or US$3.01 per share.
- The Company ended the quarter with approximately US$1.1 billion in cash, short-term and long-term investments, which represents 47% of the last twelve months' revenues.
- The Company closed the quarter with total debt, including lease liabilities, of US$1.6 billion.
- During the quarter, the Company took delivery of one Boeing 737 MAX 9 aircraft.
- Including three Boeing 737-700 aircraft in temporary storage and one Boeing 737-800 freighter, Copa Holdings ended the quarter with a consolidated fleet of 94 aircraft – 68 Boeing 737-800s, 17 Boeing 737 MAX 9s, and 9 Boeing 737-700s.
- Copa Airlines had an on-time performance for the quarter of 85.9% and a flight completion factor of 99.8%.
FULL 2Q22 EARNINGS RELEASE AVAILABLE FOR DOWNLOAD AT:
2Q22 EARNINGS RESULTS CONFERENCE CALL AND WEBCAST
About Copa Holdings
Copa Holdings is a leading Latin American provider of passenger and cargo services. The Company, through its operating subsidiaries, provides service to countries in North, Central and South America and the Caribbean. For more information visit: www.copaair.com.
CONTACT: Copa Holdings S.A.
Investor Relations:
Ph: 011 507 304-2774
www.copaair.com (IR section)
This release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current plans, estimates, and expectations, and are not guarantees of future performance. They are based on management's expectations that involve several business risks and uncertainties, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statement. The risks and uncertainties relating to the forward-looking statements in this release are among those disclosed in Copa Holdings' filed disclosure documents and are, therefore, subject to change without prior notice.
CPA-G
Copa Holdings, S.A.
NON-IFRS FINANCIAL MEASURE RECONCILIATION
This press release includes the following non-IFRS financial measures: Adjusted Operating Profit, Adjusted Net Profit, Adjusted Basic EPS, and Operating CASM Excluding Fuel. This supplemental information is presented because we believe it is a useful indicator of our operating performance and is useful in comparing our performance with other companies in the airline industry. These measures should not be considered in isolation and should be considered together with comparable IFRS measures, in particular operating profit, and net profit. The following is a reconciliation of these non-IFRS financial measures to the comparable IFRS measures:
View original content:
SOURCE Copa Holdings, S.A.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.nbc12.com/prnewswire/2022/08/03/copa-holdings-reports-financial-results-second-quarter-2022/ | 2022-08-03T21:53:59Z | https://www.nbc12.com/prnewswire/2022/08/03/copa-holdings-reports-financial-results-second-quarter-2022/ | true | 25 |
LINCOLN, Del. (AP) — A North Carolina man was found dead along the side of the road in southern Delaware over the weekend, officials said Wednesday.
Troopers were called to the area of Staytonville Road west of North Union Church Road in the Lincoln area of Sussex County around 1:30 a.m. Sunday for a report of a person lying near the road, Delaware State Police said in a news release. When troopers arrived, police said they found a man dead.
On Wednesday, police announced that the man had been identified as Jose Santiago-Zamora Jimenez, 40, of Charlotte, North Carolina. Police have said they are conducting a criminal investigation, but they didn't release details about how he died. | https://www.thetelegraph.com/news/article/Police-identify-NC-man-found-dead-along-Delaware-17349507.php | 2022-08-03T21:59:23Z | https://www.thetelegraph.com/news/article/Police-identify-NC-man-found-dead-along-Delaware-17349507.php | true | null |
Asurion® Repair Experts Provide Fast Fixes on Phones, Tablets, Laptops, and More
HYANNIS, Mass., Aug. 3, 2022 /PRNewswire/ -- A new electronics repair shop, Asurion Tech Repair & Solutions™, has opened in Cape Cod at 769 Iyannough Road. The store offers professional fixes for most consumer electronics, from smartphones, tablets, and computers to game consoles, smart speakers, drones, and more.
While common repairs include cracked screens, battery issues, and water damage, the company's repair experts have fixed millions of devices and can help with most any tech mishap, and many basic repairs can be completed in 45 minutes or less.
"Cape Cod is a great location overflowing with culture and community," said Karen Thomas, Asurion Tech Repair & Solutions District Manager. "We're looking forward to bringing convenient and affordable device repairs to this lively area and ensuring Asurion Tech Repair & Solutions is the top-of-mind tech repair service for customers here."
The store's expert repair technicians fix all kinds of technology, regardless of make or model, and the store is an authorized repair provider for Samsung Galaxy and Google Pixel smartphones. Customers can book a repair appointment online or stop by the store for walk-in service. The store offers free, no-obligation diagnostics on all gadgets, as well as a 1-year limited warranty on all repairs. It even offers a price match guarantee on any local competitor's regularly published price for the same repair.
The new Asurion Tech Repair & Solutions store brings the company's retail footprint to more than 750 locations across the U.S. Formerly known as uBreakiFix®, all U.S. locations will rebrand as Asurion Tech Repair & Solutions throughout 2022.
"We are excited to serve people in Cape Cod with fast and affordable tech repair," said Dave Barbuto, CEO of Asurion Tech Repair & Solutions. "We all rely on our phones and laptops more than ever before, and our mission is bigger than repairing shattered screens and broken charge ports. We fix tech because people depend on it to stay connected to things that are important to them. I look forward to serving this community through our new location."
The new store is located at:
Asurion Tech Repair & Solutions
769 Iyannough Rd #19, Hyannis, MA 02601
(508) 827-3000
About Asurion Tech Repair & Solutions™
Asurion Tech Repair & Solutions™, formerly known as uBreakiFix®, is the retail brand operated and franchised by a subsidiary of tech care company Asurion®. As the world's leading tech care company, Asurion eliminates the fears and frustrations associated with technology to ensure its 300 million customers get the most out of their devices, appliances, and connections. Asurion Tech Repair & Solutions stores specialize in the repair of consumer technology, including smartphones, game consoles, tablets, computers, and nearly everything in between. Asurion Tech Repair and Solutions repair experts fix cracked screens, software issues, camera issues, and most other tech mishaps at more than 750 stores across the U.S. The stores provide fast, affordable fixes for nearly any device type, regardless of make or model, including authorized repairs for Google Pixel and Samsung Galaxy smartphones.
View original content to download multimedia:
SOURCE Asurion Tech Repair & Solutions | https://www.wifr.com/prnewswire/2022/08/03/asurion-tech-repair-amp-solutions-opens-cape-cod/ | 2022-08-03T21:59:26Z | https://www.wifr.com/prnewswire/2022/08/03/asurion-tech-repair-amp-solutions-opens-cape-cod/ | true | 304 |
2022 Auto Dealer Today Dealers' Choice Awards
IRVINE, Calif., Aug. 3, 2022 /PRNewswire/ -- Connected Dealer Services' vehicle health and direct automotive marketing platform, CarRx, earned a first-place Diamond award in the Service Retention category in the 2022 Auto Dealer Today Dealers' Choice Awards, while the company's inventory management and vehicle recovery solution, Elo GPS, won a Platinum award in the Vehicle Tracking category that was newly added for 2022.
The Auto Dealer Today Dealers' Choice Awards, published by Bobit Business Media, is in its 18th year asking dealers and dealership personnel to complete an extensive survey nominating and scoring the best industry vendors, suppliers, and finance partners across 40 categories. While longstanding products are often recognized, impressively, CarRx received the first-place award in the first full year it was available for use.
"CarRx being nominated by dealerships and receiving a first-place award in the Service Retention category after less than 2 years in the market is a testament to the need that CarRx is solving for in the industry," said Connected Dealer Services President, Shane Wilson. "Our goal was to become a data-driven enterprise platform for the dealer, and we are doing just that. We are proud to be recognized by our dealership partners for the impact we have on their business and revenue with Elo GPS and CarRx."
CarRx, which launched in 2021 as a feature of the Elo GPS lot management and stolen vehicle recovery platform, monitors vehicle health through diagnostic scans and enables dealerships to directly communicate with their customers post-sale through customizable email and in-app messaging. This customer engagement tool automatically alerts drivers of CEL and service needs and makes it simple to schedule service directly from the app. While complementary to factory apps, CarRx allows dealerships to own their customer relationships and increase service retention and fixed ops profits by bringing customers back for service at their dealership, not just the closest service bay at the time.
"CarRx' core mission has been to connect dealers and consumers together by delivering real-time actionable data to the dealer and providing peace of mind to the consumer," said Samantha Arnold, Vice President of Sales Operations for Connected Dealer Services and Program Manager for CarRx. "We spent a year piloting and collecting feedback from our dealers to deliver a solution that worked within their current processes to drive revenue back to their service bays. I look forward to the evolution of CarRx as we continue to listen to our dealers and deliver on our mission."
To learn more about Elo GPS and CarRx please visit https://www.elogps.com/for-dealerships/.
Connected Dealer Services is a connected car technology company partnering with dealerships to provide powerful tools like Elo GPS and CarRx that meet the growing demands of connectivity and the modern dealership by protecting vehicle assets, managing inventory, reducing costs, increasing service retention, and enabling a direct connection to drivers and their vehicles.
View original content to download multimedia:
SOURCE Connected Dealer Services | https://www.wsaw.com/prnewswire/2022/08/03/carrx-earns-top-industry-award-only-year-after-launch/ | 2022-08-03T21:59:37Z | https://www.wsaw.com/prnewswire/2022/08/03/carrx-earns-top-industry-award-only-year-after-launch/ | true | 11 |
Company to Host Investor Webcast and Conference Call at 11:00 AM ET Tomorrow
NEW YORK, Aug. 3, 2022 /PRNewswire/ -- The Necessity Retail REIT, Inc. (Nasdaq: RTL) ("RTL" or the "Company"), a real estate investment trust focused on acquiring and managing a diversified portfolio of primarily service-oriented and traditional retail and distribution related commercial real estate properties in the U.S., announced today its financial and operating results for the second quarter ended June 30, 2022.
Second Quarter 2022 and Subsequent Events Highlights
- Revenue grew 43.3% to $116.9 million from $81.6 million for the second quarter 2021
- Net loss attributable to common stockholders was $56.3 million as compared to net loss of $7.4 million for the second quarter 2021
- Cash net operating income ("NOI") rose 31.9% to $86.3 million from $65.4 million for the second quarter 2021
- Funds from Operations ("FFO") grew by 17.4% to $0.27 per share from $0.23 per share in the second quarter 2021
- Adjusted Funds from Operations ("AFFO") increased 31.7% to $38.5 million from $29.2 million in the prior year second quarter
- AFFO per share increased 11.5% to $0.29 per share from $0.26 per diluted share in the prior year second quarter
- AFFO per share increased 32% compared to the fourth quarter 2021, the period prior to the $1.3 billion open-air shopping center portfolio acquisition
- Paid dividends on common stock of $28.6 million or $0.21 per share
- Acquired 32 properties for $470.3 million at a cash capitalization rate1 of 7.2% and a weighted average capitalization rate2 8.6%
- High quality portfolio with 52% of the single tenant portfolio, and 61.8% of top 20 tenants, investment grade rated or implied investment grade rated3
- Occupancy at open-air assets grew to 87.4% from 86.6% at second quarter 2021 and Executed Occupancy and Leasing Pipeline4 at open-air shopping centers grew to 89.4% compared to 88.8% in the prior quarter
- Subsequent to quarter-end, closed on acquisition of one property for $71.1 million, completing the previously announced $1.3 billion shopping center acquisition
"Our second quarter results reflect the anticipated accretion from the transformational $1.3 billion open-air shopping center portfolio acquisition that we recently completed," said Michael Weil, CEO of RTL. "We had one of our best quarters since inception, with AFFO per share growing over 11% to $0.29 per share in the second quarter compared to a year ago and 32% over the fourth quarter of 2021, the last period prior to the acquisition of the open-air shopping center portfolio. Our diversified, necessity-based retail portfolio is pandemic-tested and well positioned to perform across all economic cycles. Additionally, given that we locked in attractive fixed rates on 83% of our debt, we have limited exposure to the current higher interest rate environment. Our attention is now focused on capitalizing on the upside potential in our portfolio through the lease up of available space and on the resumption of our deleveraging initiative while continuing to pay a compelling dividend. We believe these activities, along with our world-class portfolio, will support continued value creation over the near and long-term."
Financial Results
Real Estate Portfolio
The Company's portfolio consisted of 1,056 net lease properties located in 47 states and the District of Columbia and comprised approximately 29.0 million rentable square feet as of June 30, 2022. Portfolio metrics include:
- 90.8% leased, with 7.2 years remaining weighted-average lease term5
- 61.6% of leases have weighted-average contractual rent increases of 1.0% based on annualized straight-line rent which increase the cash that is due under these leases over time
- 52% and 41% of annualized straight-line rent in the single tenant portfolio and from multi-tenant anchor tenants, respectively, was derived from investment grade or implied investment grade tenants
- 92% retail properties, 7% distribution properties and 1% office properties (based on an annualized straight-line rent)
- 60% of the retail portfolio focused on either service6 or experiential retail7 giving the Company strong alignment with "e-commerce resistant" real estate
Property Acquisitions
During the three months ended June 30, 2022, the Company acquired 32 properties for an aggregate contract purchase price of $470.3 million at a cash capitalization rate of 7.2% and a weighted average capitalization rate 8.6%.
Property Dispositions
During the three months ended June 30, 2022, the Company disposed of five properties, for an aggregate contract price of $30.4 million.
Capital Structure and Liquidity Resources
As of June 30, 2022 the Company had a total borrowing capacity under the credit facility of $526.6 million based on the value of the borrowing base under the credit facility, and, of this amount, $488.0 million was outstanding under the credit facility as of June 30, 2022 and $38.6 million remained available for future borrowings. Subsequent to quarter end, the Company borrowed additional funds under the credit facility to partially fund acquisitions. As of June 30, 2022, the Company had $69.4 million of cash and cash equivalents. The Company's net debt8 to gross asset value9 was 50.6%, with net debt of $2.7 billion.
The Company's percentage of fixed rate debt was 82.5% as of June 30, 2022. The Company's total combined debt had a weighted-average interest rate cost of 3.8%10, resulting in an interest coverage ratio of 2.9 times11.
Webcast and Conference Call
RTL will host a webcast and call on August 4, 2022 at 11:00 a.m. ET to discuss its financial and operating results. This webcast will be broadcast live over the Internet and can be accessed by all interested parties through the RTL website, www.necessityretailreit.com, in the "Investor Relations" section.
Dial-in instructions for the conference call and the replay are outlined below.
To listen to the live call, please go to RTL's "Investor Relations" section of the website at least 15 minutes prior to the start of the call to register and download any necessary audio software. For those who are not able to listen to the live broadcast, a replay will be available shortly after the call on the RTL website at www.necessityretailreit.com.
Live Call
Dial-In (Toll Free): 1-877-407-0792
International Dial-In: 1-201-689-8263
Conference Replay*
Domestic Dial-In (Toll Free): 1-844-512-2921
International Dial-In: 1-412-317-6671
Conference Number: 13730900
*Available from 2:00 p.m. ET on August 4, 2022 through November 4, 2022.
About The Necessity Retail REIT, Inc.
The Necessity Retail REIT (Nasdaq: RTL) is the preeminent publicly traded real estate investment trust (REIT) focused on "Where America Shops". RTL acquires and manages a diversified portfolio of primarily necessity-based retail single tenant and open-air shopping center properties in the U.S. Additional information about RTL can be found on its website at www.necessityretailreit.com.
Supplemental Schedules
The Company will file supplemental information packages with the Securities and Exchange Commission (the "SEC") to provide additional disclosure and financial information. Once posted, the supplemental package can be found under the "Presentations" tab in the Investor Relations section of RTL's website at www.necessityretailreit.com and on the SEC website at www.sec.gov.
Important Notice
The statements in this press release that are not historical facts may be forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results or events to be materially different. The words "may," "will," "seeks," " "anticipates," "believes," "expects," "estimates," "projects," "plans," "intends," "should" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements are subject to a number of risks, uncertainties and other factors, many of which are outside of the Company's control, which could cause actual results to differ materially from the results contemplated by the forward-looking statements. These risks and uncertainties include (a) the potential adverse effects of (i) the ongoing global COVID-19 pandemic, including actions taken to contain or treat COVID-19, and (ii) the geopolitical instability due to the ongoing military conflict between Russia and Ukraine, including related sanctions and other penalties imposed by the U.S. and European Union, and the related impact on the Company, the Company's tenants, and the global economy and financial markets, and (b) that any potential future acquisition is subject to market conditions and capital availability and may not be completed on favorable terms, or at all, as well as those risks and uncertainties set forth in the Risk Factors section of the Company's Annual Report on Form 10-K for the year ended December 31, 2021 filed on February 24, 2022 and all other filings with the SEC after that date as such risks, uncertainties and other important factors may be updated from time to time in the Company's subsequent reports. Forward looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statement to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results, unless required to do so by law.
Accounting Treatment of Rent Deferrals/Abatements
The majority of the concessions granted to the Company's tenants as a result of the COVID-19 pandemic are rent deferrals or temporary rent abatements with the original lease term unchanged and collection of deferred rent deemed probable. The Company's revenue recognition policy requires that it must be probable that the Company will collect virtually all of the lease payments due and does not provide for partial reserves, or the ability to assume partial recovery. In light of the COVID-19 pandemic, the Financial Accounting Standards Board ("FASB") and SEC agreed that for leases where the total lease cash flows will remain substantially the same or less than those after the COVID-19 related effects, companies may choose to forgo the evaluation of the enforceable rights and obligations of the original lease contract as a practical expedient and account for rent concessions as if they were part of the enforceable rights and obligations of the parties under the existing lease contract. As a result, rental revenue used to calculate Net Income and National Association of Real Estate Investment Trusts ("NAREIT") Funds From Operations ("FFO") has not been, and the Company does not expect it to be, significantly impacted by these types of deferrals. In addition, since the Company currently believes that these deferral amounts are collectable, the Company has excluded from the increase in straight-line rent for Adjusted FFO ("AFFO") purposes the amounts recognized under accounting principles generally accepted in the United States of America ("GAAP") relating to these types of rent deferrals. Conversely, for abatements where contractual rent has been reduced, the reduction in revenue is reflected over the remaining lease term for accounting purposes but represents a permanent reduction in revenue and the Company has, accordingly, reduced its AFFO.
Contacts:
Investors and Media:
Email: investorrelations@necessityretailreit.com
Phone: (866) 902-0063
Non-GAAP Financial Measures
This release discusses the non-GAAP financial measures we use to evaluate our performance, including FFO, AFFO, Adjusted Earnings before Interest, Taxes, Depreciation and Amortization ("Adjusted EBITDA"), Net Operating Income ("NOI") and Cash Net Operating Income ("Cash NOI"). While NOI is a property-level measure, AFFO is based on our total performance and therefore reflects the impact of other items not specifically associated with NOI such as, interest expense, general and administrative expenses and operating fees to related parties. Additionally, NOI as defined herein, does not reflect an adjustment for straight-line rent but AFFO does. A description of these non-GAAP measures and reconciliations to the most directly comparable GAAP measure, which is net income, is provided below. Adjustments for unconsolidated partnerships and joint ventures are calculated to exclude the proportionate share of the non-controlling interest to arrive at FFO, AFFO and NOI attributable to stockholders.
Caution on Use of Non-GAAP Measures
FFO, AFFO, Adjusted EBITDA, NOI and Cash NOI should not be construed to be more relevant or accurate than the current GAAP methodology in calculating net income or in its applicability in evaluating our operating performance. The method utilized to evaluate the value and performance of real estate under GAAP should be construed as a more relevant measure of operational performance and considered more prominently than the non-GAAP measures.
Other REITs may not define FFO in accordance with the current NAREIT, an industry trade group, definition (as we do), or may interpret the current NAREIT definition differently than we do, or may calculate AFFO differently than we do. Consequently, our presentation of FFO and AFFO may not be comparable to other similarly titled measures presented by other REITs.
We consider FFO and AFFO useful indicators of our performance. Because FFO and AFFO calculations exclude such factors as depreciation and amortization of real estate assets and gains or losses from sales of operating real estate assets (which can vary among owners of identical assets in similar conditions based on historical cost accounting and useful-life estimates), FFO and AFFO presentations facilitate comparisons of operating performance between periods and between other REITs in our peer group.
As a result, we believe that the use of FFO and AFFO, together with the required GAAP presentations, provide a more complete understanding of our performance, including relative to our peers and a more informed and appropriate basis on which to make decisions involving operating, financing, and investing activities. However, FFO and AFFO are not indicative of cash available to fund ongoing cash needs, including the ability to pay cash dividends. Investors are cautioned that FFO and AFFO should only be used to assess the sustainability of our operating performance excluding these activities, as they exclude certain costs that have a negative effect on our operating performance during the periods in which these costs are incurred.
Funds from Operations and Adjusted Funds from Operations
Funds from Operations
Due to certain unique operating characteristics of real estate companies, as discussed below, the NAREIT, an industry trade group, has promulgated a performance measure known as FFO, which we believe to be an appropriate supplemental measure to reflect the operating performance of a REIT. FFO is not equivalent to net income or loss as determined under GAAP.
We calculate FFO, a non-GAAP measure, consistent with the standards established over time by the Board of Governors of NAREIT, as restated in a White Paper and approved by the Board of Governors of NAREIT effective in December 2018 (the "White Paper"). The White Paper defines FFO as net income or loss computed in accordance with GAAP, excluding depreciation and amortization related to real estate, gains and losses from sales of certain real estate assets, gain and losses from change in control and impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciable real estate held by the entity. Adjustments for consolidated partially-owned entities (including our Operating Partnership) and equity in earnings of unconsolidated affiliates are made to arrive at our proportionate share of FFO attributable to our stockholders. Our FFO calculation complies with NAREIT's definition.
The historical accounting convention used for real estate assets requires straight-line depreciation of buildings and improvements, and straight-line amortization of intangibles, which implies that the value of a real estate asset diminishes predictably over time. We believe that, because real estate values historically rise and fall with market conditions, including inflation, interest rates, unemployment and consumer spending, presentations of operating results for a REIT using historical accounting for depreciation and certain other items may be less informative. Historical accounting for real estate involves the use of GAAP. Any other method of accounting for real estate such as the fair value method cannot be construed to be any more accurate or relevant than the comparable methodologies of real estate valuation found in GAAP. Nevertheless, we believe that the use of FFO, which excludes the impact of real estate related depreciation and amortization, among other things, provides a more complete understanding of our performance to investors and to management, and when compared year over year, reflects the impact on our operations from trends in occupancy rates, rental rates, operating costs, general and administrative expenses, and interest costs, which may not be immediately apparent from net income.
Adjusted Funds from Operations
In calculating AFFO, we start with FFO, then we exclude certain income or expense items from AFFO that we consider to be more reflective of investing activities, such as non-cash income and expense items and the income and expense effects of other activities that are not a fundamental attribute of our day to day operating business plan, such as amounts related to litigation arising out of the merger with American Realty Capital-Retail Centers of America, Inc. in February 2017 (the "Merger"). These amounts include legal costs incurred as a result of the litigation, portions of which have been and may in the future be reimbursed under insurance policies maintained by us. Insurance reimbursements are deducted from AFFO in the period of reimbursement. We believe that excluding the litigation costs and subsequent insurance reimbursements related to litigation arising out of the Merger helps to provide a better understanding of the operating performance of our business. Other income and expense items also include early extinguishment of debt and unrealized gains and losses, which may not ultimately be realized, such as gains or losses on derivative instruments and gains and losses on investments. In addition, by excluding non-cash income and expense items such as amortization of above-market and below-market leases intangibles, amortization of deferred financing costs, straight-line rent, and share-based compensation related to restricted shares, the 2018 multi-year outperformance agreement with the Advisor and the 2021 multi-year outperformance agreement with the Advisor from AFFO, we believe we provide useful information regarding those income and expense items which have a direct impact on our ongoing operating performance.
In calculating AFFO, we exclude certain expenses which under GAAP are characterized as operating expenses in determining operating net income (loss). All paid and accrued merger, acquisition and transaction related fees and certain other expenses negatively impact our operating performance during the period in which expenses are incurred or properties are acquired and will also have negative effects on returns to investors but are not reflective of our on-going performance. In addition, legal fees and expense associated with COVID-19-related lease disputes involving certain tenants negatively impact our operating performance but are not reflective of our on-going performance. Further, under GAAP, certain contemplated non-cash fair value and other non-cash adjustments are considered operating non-cash adjustments to net income (loss). In addition, as discussed above, we view gains and losses from fair value adjustments as items which are unrealized and may not ultimately be realized and not reflective of ongoing operations and are therefore typically adjusted for when assessing operating performance. Excluding income and expense items detailed above from our calculation of AFFO provides information consistent with management's analysis of our operating performance. Additionally, fair value adjustments, which are based on the impact of current market fluctuations and underlying assessments of general market conditions but can also result from operational factors such as rental and occupancy rates, may not be directly related or attributable to our current operating performance. By excluding such changes that may reflect anticipated and unrealized gains or losses, we believe AFFO provides useful supplemental information. By providing AFFO, we believe we are presenting useful information that can be used, among other things, to assess our performance without the impact of transactions or other items that are not related to our portfolio of properties. AFFO presented by us may not be comparable to AFFO reported by other REITs that define AFFO differently. Furthermore, we believe that in order to facilitate a clear understanding of our operating results, AFFO should be examined in conjunction with net income (loss) calculated in accordance with GAAP and presented in our consolidated financial statements. AFFO should not be considered as an alternative to net income (loss) as an indication of our performance or to cash flows as a measure of our liquidity or ability to pay dividends. FFO and AFFO may include income from lease termination fees, which is recorded in revenue from tenants in our consolidated statements of operations.
Adjusted Earnings before Interest, Taxes, Depreciation and Amortization, Net Operating Income and Cash Net Operating Income.
We believe that Adjusted EBITDA, which is defined as earnings before interest, taxes, depreciation and amortization adjusted for acquisition and transaction-related expenses, other non-cash items such as expense related to our multi-year outperformance agreement with the Advisor and including our pro-rata share from unconsolidated joint ventures, is an appropriate measure of our ability to incur and service debt. Adjusted EBITDA should not be considered as an alternative to cash flows from operating activities, as a measure of our liquidity or as an alternative to net income as an indicator of our operating activities. Other REITs may calculate Adjusted EBITDA differently and our calculation should not be compared to that of other REITs.
NOI is a non-GAAP financial measure used by us to evaluate the operating performance of our real estate. NOI is equal to total revenues, excluding contingent purchase price consideration, less property operating and maintenance expense. NOI excludes all other items of expense and income included in the financial statements in calculating net income (loss). We believe NOI provides useful and relevant information because it reflects only those income and expense items that are incurred at the property level and presents such items on an unleveraged basis. We use NOI to assess and compare property level performance and to make decisions concerning the operations of the properties. Further, we believe NOI is useful to investors as a performance measure because, when compared across periods, NOI reflects the impact on operations from trends in occupancy rates, rental rates, operating expenses and acquisition activity on an unleveraged basis, providing perspective not immediately apparent from net income (loss). NOI excludes certain items included in calculating net income (loss) in order to provide results that are more closely related to a property's results of operations. For example, interest expense is not necessarily linked to the operating performance of a real estate asset. In addition, depreciation and amortization, because of historical cost accounting and useful life estimates, may distort operating performance at the property level. NOI presented by us may not be comparable to NOI reported by other REITs that define NOI differently. We believe that in order to facilitate a clear understanding of our operating results, NOI should be examined in conjunction with net income (loss) as presented in our consolidated financial statements. NOI should not be considered as an alternative to net income (loss) as an indication of our performance or to cash flows as a measure of our liquidity or our ability to pay dividends.
Cash NOI is a non-GAAP financial measure that is intended to reflect the performance of our properties. We define Cash NOI as NOI excluding amortization of above/below market lease intangibles and straight-line adjustments that are included in GAAP lease revenues. We believe that Cash NOI is a helpful measure that both investors and management can use to evaluate the current financial performance of our properties and it allows for comparison of our operating performance between periods and to other REITs. Cash NOI should not be considered as an alternative to net income, as an indication of our financial performance, or to cash flows as a measure of liquidity or our ability to fund all needs. The method by which we calculate and present Cash NOI may not be directly comparable to the way other REITs present Cash NOI.
Cash Paid for Interest is calculated based on the interest expense less non-cash portion of interest expense and amortization of mortgage (discount) premium, net. Management believes that Cash Paid for Interest provides useful information to investors to assess our overall solvency and financial flexibility. Cash Paid for Interest should not be considered as an alternative to interest expense as determined in accordance with GAAP or any other GAAP financial measures and should only be considered together with and as a supplement to our financial information prepared in accordance with GAAP.
View original content to download multimedia:
SOURCE The Necessity Retail REIT, Inc. | https://www.wdbj7.com/prnewswire/2022/08/03/necessity-retail-reit-announces-second-quarter-2022-results/ | 2022-08-03T22:03:25Z | https://www.wdbj7.com/prnewswire/2022/08/03/necessity-retail-reit-announces-second-quarter-2022-results/ | true | 21 |
The Singapore Medical Council (SMC) yesterday appealed for longer suspension periods to be handed down to two philandering doctors who were found to have colluded with each other to exploit a patient for sex.
Colorectal surgeon Julian Ong had given the contact of a patient to his friend, psychiatrist Chan Herng Nieng, in a WhatsApp chat and told Dr Chan: "Feel free to play your game."
A disciplinary tribunal had earlier found the two doctors guilty of professional misconduct and imposed an eight-month suspension on Dr Ong and a five-month suspension on Dr Chan.
Yesterday, SMC's lawyer Chia Voon Jiet argued before the Court of Three Judges that Dr Ong's suspension should be increased to 13 months, while Dr Chan's should be doubled to 10 months.
But Dr Ong and Dr Chan denied they had colluded to exploit the patient and appealed to overturn their convictions. They contended that Dr Ong had introduced the patient, who was a property agent, to Dr Chan in the context of a potential property deal.
Dr Ong's lawyer, Senior Counsel Lee Eng Beng, argued that his client wanted to help his patient get more business and also wanted to help his friend, who was considering a property investment.
Mr Lee argued that the "game" in the text message referred to Dr Chan's practice of lowballing, or offering extremely low bids.
Dr Chan's lawyer, Senior Counsel N. Sreenivasan, argued that there was no plan to use the patient for sex.
He said his client did contact the patient and obtain a list of properties but ultimately did not meet her.
Mr Sreenivasan argued that it cannot be inferred, based on screenshots of messages chosen by a "very vindictive complainant", that the two doctors were colluding to exploit a patient.
The complaint against the two doctors was made by Dr Chan's former lover, Ms Serene Tiong, after she discovered sordid exchange of messages in which the two men boasted about their sexual conquests.
During the lawyers' arguments, Chief Justice Sundaresh Menon noted that the two doctors have admitted they were in the habit of introducing women to each other for sex. He said he found it difficult to ignore that the messages relating to the patient included an inappropriate comment, which put the exchange in an entirely different context.
The court, which also included Justices Andrew Phang and Tay Yong Kwang, reserved judgment on the appeals and will give its decision at a later date. | https://www.straitstimes.com/singapore/courts-crime/smc-seeks-longer-suspension-for-two-doctors-who-exploited-a-patient-for-sex | 2022-08-03T22:04:13Z | https://www.straitstimes.com/singapore/courts-crime/smc-seeks-longer-suspension-for-two-doctors-who-exploited-a-patient-for-sex | true | 1 |
The Miami Dolphins had an offseason filled with drama, coaching changes and high-profile signings. Can second-year quarterback Tua Tagovailoa learn a brand new system quickly and lead the Dolphins into the playoffs?
With the 2022 campaign fast-approaching, NFL fans are understandably excited. Fans and pundits will look at the schedules and try and predict how many games each franchise will win.
Here, we'll analyze and formulate an accurate prediction of the Dolphins' 2022 Win Totals. NFL Win Totals have been out for a while now and while these lines might seem to have been beaten to death, we know the public is often wrong.
We’ll arrive at our conclusions by examining their past three seasons, new arrivals and departing players, as well as the strength of their schedule. Then we’ll weigh each factor and make our final determination as to what will most likely happen with the Dolphins this season.
Miami Dolphins 9 wins OVER +100 UNDER -120
Miami really turned things around, but were unhappy with Brian Flores as head coach and replaced him with Mike McDaniel. McDaniel inherits a good football team, and the addition of star receiver Tyreek Hill alongside Jaylen Waddle makes their offense very dangerous.
Quarterback Tua Tagovailoa might be accurate, but he completed the second-fewest passes of 25 yards or more. It should be interesting to see just how creative McDaniel can be in getting Hill and Waddle the ball.
Their offensive line may have improved this offseason, but they still aren’t very good. They’ve replaced Jesse Davis with former All-Pro Terron Armstead and also added veteran center Connor Williams, but they’ll need time to gel.
The 2021 Dolphins rushing game was non-existent, but they have a few veterans in camp returning from injury. These include Chase Edmunds, Raheem Mostert and Sony Michel. Maybe they can re-invent themselves in Miami, but if they can't, the Dolphins offense is going to have real problems.
The defense was an average unit last season. Defensive coordinator Josh Boyer remains, and he does have some talented players to work with. Defensive end Emmanuel Ogbah and edge rusher Jaelan Phillips will be tasked with keeping opponents off the scoreboard in what should be a difficult AFC East.
The Miami Dolphins have a difficult schedule. Four of their final six contests are on the road against the San Francisco 49ers, Los Angeles Chargers, Buffalo Bills, and New England Patriots. There's also a tough home game against the Green Bay Packers. Miami will also host the Minnesota Vikings and the Cleveland Browns prior to their bye week (week 11).
The schedule is tough, and they’ll be lucky to win nine games this season. Take UNDER 9 wins.
Q. Will Miami Dolphins Win 10 Games in 2022?
Yes
No | https://www.sportskeeda.com/nfl/miami-dolphins-2022-win-total-prediction | 2022-08-03T22:07:13Z | https://www.sportskeeda.com/nfl/miami-dolphins-2022-win-total-prediction | false | 1 |
Welcome to Layup Lines, our daily NBA newsletter where we’ll prep you for a tip-off of tonight’s action, from what to watch to bets to make. Subscribe here to get it delivered to your inbox every afternoon.
What’s good, family. It’s Sykes here again with another edition of layup lines.
Before we get started, a quick word on our schedule. Starting next week we’ll be switching to a 3-day rotation on Monday, Wednesday and Friday instead of the regular 5 days. We’re trying something different while we’re in the swing of the NBA offseason. Let us know if you like the pacing!
Now, a quick word on the WNBA’s 6-team race for the last 3 seeds in the playoffs.
Take a look at the standings. The first five seeds are pretty much on lock. The Chicago Sky and the Las Vegas Aces have locked up the first 2 playoff seeds — it’s only a matter of what order they’ll come in.
Behind those two, you’ve got the Sun, Mystics and Storm comfortably ahead of the pack in the 3, 4 and 5 slots. Those teams are playoff locks. But underneath them? There’s absolute chaos ensuing.
There’s a 3.5 game gap between the Dallas Wings as the 6th seed and the Minnesota Lynx as the 11th seed. In between them, you’ve got the Mercury at 7 with a 13-18 record. The Liberty, Sparks and Dream are behind them all with a 12-18 record and the Lynx are sitting at 12-19.
Only 8 teams can make the postseason and there’s only between 4 to 6 games left in everybody’s season. Three of these teams will be heartbroken.
It might be the Phoenix, who was in the Finals last year and have the best point guard in the W in Skylar Diggins-Smith. It might be the Sparks with Nneka Ogwumike, who is an MVP candidate. It might be the Dream, who have one of the best rookies we’ve seen in years in Rhyne Howard. It could be the Liberty with Sabrina Ionescu and it could even be the Wings with the best young core in the W if they slip far enough.
This league, man. It’s as cutthroat as it gets. There’s so much talent to go around. Even teams with legends and All-Stars and future Hall of Famers on them aren’t safe.
That’s terrifying. It’ll be hard to put down money on any of this. But I’ll be watching every minute of it.
The Tip-Off
Some NBA goodness from around the USA TODAY Sports network.
LeBron James is extension eligible starting on Thursday. The Lakers will almost certainly offer him one and he almost certainly isn’t signing it. It’s going to be a contract year for the King, which is always fun.
He has leverage and can control the Lakers’ offseason decisions moving forward. I wrote about exactly why he won’t sign the extension and why the Lakers — if things go SUPER left — might explore trading him.
“He wants two things: To play with his son and to play for a championship. To make the latter happen, James is keeping his finger pressed on the scale to push the Lakers into making moves. He wants a Russell Westbrook trade. And if it means sacrificing the Lakers’ last two future draft picks to get it done? He wants to do it. He can force them into that corner by threatening to leave if they don’t. An extension destroys that leverage, which is why he won’t sign it.
But the Lakers still seem steadfast in their unwillingness to completely mortgage their future to grant LeBron’s wishes. So now, this is a pretty expensive game of chicken.”
They’re almost definitely not trading LeBron. But if they were going to? Those are the places they probably should call. Check it out.
This game is interesting for all the reasons mentioned above here. The playoff implications in this one are huge. These two teams just played each other and the Liberty cleaned the Sparks out, 102-73. I don’t expect the result to be as drastic, but I do expect a win from the Liberty — especially with them being at home. I’ll take them -6.5.
Shootaround
— Hear Vin Scully call Kobe Bryant’s first pitch for the Dodgers and get in your feels
— Speaking of Scully, here are the best calls from the legend. No, it’s not basketball. But you’ll love it anyway.
— The Jaylen Brown-KD saga seems to be settling down in Boston.
— Ben Simmons and Doc Rivers seem to have really peaced things up between them.
That’s all, folks! Enjoy the basketball tonight.
Gannett may earn revenue from Tipico for audience referrals to betting services. Tipico has no influence over nor are any such revenues in any way dependent on or linked to the newsrooms or news coverage. See Tipico.com for Terms and Conditions. 21+ only. Gambling problem? Call 1-800-GAMBLER (NJ), 1-800-522-4700 (CO), 1-800-BETS-OFF (IA). | https://ftw.usatoday.com/2022/08/wnba-standings-playoff-race-wings-mercury-sparks | 2022-08-03T22:08:12Z | https://ftw.usatoday.com/2022/08/wnba-standings-playoff-race-wings-mercury-sparks | true | 1 |
Krispy Kreme matching price of dozen doughnuts to average US gas price
(Gray News) - Krispy Kreme is bringing back its “Beat The Pump” promotion to close out the summer driving season.
The company said it is once again trying to sweeten the pain at the pump by pricing the cost of its Original Glazed dozen doughnuts to the average price of a gallon of regular gas in the United States.
According to Krispy Kreme, the promotion will be available every Wednesday until Aug. 31.
Representatives with Krispy Kreme said prices would be updated weekly and encouraged customers to check the company’s Facebook, Twitter and website on Tuesdays.
Guests are limited to two Original Glazed dozens at participating stores.
According to AAA, the national gas price is $4.16 per gallon as of Aug. 3.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.nbc12.com/2022/08/03/krispy-kreme-matching-price-dozen-doughnuts-average-us-gas-price/ | 2022-08-03T22:08:25Z | https://www.nbc12.com/2022/08/03/krispy-kreme-matching-price-dozen-doughnuts-average-us-gas-price/ | false | null |
European shares slip on mixed earnings, gloomy economic data
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window
Euro zone business activity contracted in July
BMW slumps as it warns of difficult second half
Commerzbank sees energy and growth 'clouds' after Q2 profit beat
SocGen up after smaller-than-expected loss
STOXX down 0.2%
Adds comment, details; updates prices
By Bansari Mayur Kamdar
Aug 3 (Reuters) - European shares fell on Wednesday following a slew of mixed earnings from companies, while gloomy business activity data added to fears of an economic slowdown.
The STOXX 600 index .STOXX slipped 0.2% in morning trade.
The pan-European index fell in the previous session on economic slowdown fears after weak factory data globally and on concerns that U.S. House of Representatives Speaker Nancy Pelosi's visit to Taiwan could escalate tensions between Beijing and Washington.
Data on Wednesday showed business activity in the euro zone contracted slightly in July for the first time since early last year as consumers reined in spending amid a cost-of-living crisis.
Healthcare stocks such as UK's AstraZeneca AZN.L and Denmark-based Novo Nordisk A/S NOVOb.CO weighed on Europe's benchmark index.
"Healthcare has done extremely well over the last couple years. So when you do see times of market stress, some of those top performers tend to come off a bit," said Emma Wall, head of investment analysis and research at Hargreaves Lansdown.
Commerzbank CBKG.DE edged up 0.7% on reporting a bigger-than-expected second-quarter net profit, but gains were capped as the German bank's chief executive raised concerns about natural gas supply and gross domestic product development in a call with analysts.
German banks are at the centre of a geopolitical storm because the country is particularly dependent on Russian energy and its economy will be hit hard by any supply shortages.
Adding to concerns, a survey showed Germany's services sector saw its six-month expansion come to an end in July as higher prices and growing concerns over gas supplies put the brakes on a post-lockdown rebound.
Luxury carmaker BMW BMWG.DE dropped 5.2% after warning of a highly volatile second half.
Infineon IFXGn.DE, the leading supplier of microchips to the auto industry, rose 1.7% on lifting its full-year outlook as it posted a 33% year-on-year increase in quarterly revenue.
Many of its global semiconductor peers also bounced back from Tuesday's losses as markets assessed Pelosi's visit to Taiwan, a major chip producer.
Societe Generale SOGN.PA jumped 3.9% as buoyant activity across retail and investment banking helped the French bank report a smaller-than-expected loss in the second quarter.
Britain's competition regulator said it has provisionally cleared cybersecurity firm NortonLifeLock's NLOK.O $8.6 billion purchase of rival Avast AVST.L. London-listed Avast's shares jumped 42.2%.
(Reporting by Bansari Mayur Kamdar in Bengaluru; Editing by Shounak Dasgupta)
((BansariMayur.Kamdar@thomsonreuters.com; Twitter: @bansarikamdar))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | https://www.nasdaq.com/articles/european-shares-slip-on-mixed-earnings-gloomy-economic-data | 2022-08-03T22:09:00Z | https://www.nasdaq.com/articles/european-shares-slip-on-mixed-earnings-gloomy-economic-data | true | 2 |
GILROY, Calif., Aug. 3, 2022 /PRNewswire/ -- Pinnacle Bank (OTCQB: PBNK) today announced that current Deputy Chief Credit Officer, Cliff Dennett has been promoted to Chief Credit Officer following the retirement of Robert Blatter.
"Mr. Dennett has played a key role within Pinnacle's credit team and has worked closely with Mr. Blatter for the past 7 years," stated Jeffrey D. Payne, Executive Vice President and Chief Executive Officer. "We put a succession plan in place and I am very pleased that we were able to follow that plan with the promotion of Mr. Dennett. Mr. Dennett is well prepared to take over the Chief Credit Officer position and was instrumental over the last several years in executing a very successful loan program. His leadership with the lending team and his extensive credit knowledge will continue to benefit the Bank the executive team and our clients."
Mr. Dennett joined Pinnacle Bank in May of 2007 and contributed to the Bank's initial growth as a Relationship Manager. In 2015, Mr. Dennett was named Executive Vice President, Senior Lending Officer and partnered with Mr. Blatter in support of the growing credit needs of the organization. As SLO, Mr. Dennett directed the Bank's team of seasoned underwriters and partnered with Pinnacle Bank's senior relationship management team in structuring and approving lending opportunities. In recognition of his leadership in credit risk management, Mr. Dennett was promoted to EVP, Deputy CCO in early 2021.
"I am thrilled to formally join the Pinnacle Bank leadership team and look forward to upholding our strong credit culture and continuing our solutions-oriented approach to lending via our relationship banking model which has been well received in the communities we serve and support."
About Pinnacle Bank
Pinnacle Bank is a full-service community business bank dedicated to providing quality depository and credit services in Santa Clara, San Benito, and Monterey counties. The bank focuses on commercial banking services for small to medium-sized businesses, offering a variety of products and services that combine the best of personal touch with convenient technology-based client service. Pinnacle Bank has locations in Campbell, Morgan Hill, Gilroy, and Salinas. For more information, visit www.pinnacle.bank.
Media Contact:
Pinnacle Bank
Jeffrey D. Payne, President & CEO
408-762-7146
View original content to download multimedia:
SOURCE Pinnacle Bank | https://www.wjhg.com/prnewswire/2022/08/03/pinnacle-bank-announces-promotion-cliff-dennett-chief-credit-officer/ | 2022-08-03T22:12:21Z | https://www.wjhg.com/prnewswire/2022/08/03/pinnacle-bank-announces-promotion-cliff-dennett-chief-credit-officer/ | true | 11 |
NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Ping Identity Holding Corp. ("Ping" or the "Company") (NYSE: PING) in connection with the proposed acquisition of the Company by Thoma Bravo. Under the terms of the merger agreement, the Company's shareholders will receive $28.50 in cash for each share of Ping common stock owned. The transaction is valued at approximately $2.8 billion.
If you own Ping shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
https://www.weisslaw.co/news-and-cases/ping
Or please contact:
Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Weiss Law is investigating whether (i) Ping's board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $28.50 per-share merger consideration adequately compensates Ping's shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. Notably, at least one analyst set a price target for the Company of $38 per share, $9.50 above the per-share merger consideration.
Weiss Law has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com
View original content to download multimedia:
SOURCE Weiss Law | https://www.wndu.com/prnewswire/2022/08/03/shareholder-alert-weiss-law-investigates-ping-identity-holding-corp/ | 2022-08-03T22:12:38Z | https://www.wndu.com/prnewswire/2022/08/03/shareholder-alert-weiss-law-investigates-ping-identity-holding-corp/ | false | 573 |
Stocks closed higher on Wall Street Wednesday as investors reviewed a mostly encouraging batch of earnings from big companies.
The S&P 500 rose 1.6% to an almost 2-month high. The Nasdaq and Dow Jones industrials also rose.
Starbucks and CVS closed higher after reporting solid quarterly results. PayPal shares soared on a report that activist investor Elliott Management has taken a large stake in the payment company. The 10-year Treasury yield slipped. Oil prices fell after the OPEC oil cartel and its allies decided to boost production in September by a much slower pace than in previous months.
On Wednesday:
The S&P 500 rose 63.98 points, or 1.6%, to 4,155.17.
The Dow Jones Industrial Average rose 416.33 points, or 1.3%, to 32,812.50.
The Nasdaq rose 319.40 points, or 2.6%, to 12,668.16.
The Russell 2000 index of smaller companies rose 26.48 points, or 1.4%, to 1,908.93.
For the week:
The S&P 500 is up 24.88 points, or 0.6%.
The Dow Jones Industrial Average is down 32.63 points, or 0.1%.
The Nasdaq is up 277.47 points, or 2.2%.
The Russell 2000 index of smaller companies is up 23.70 points, or 1.3%.
For the year:
The S&P 500 is down 611.01 points, or 12.8%.
The Dow is down 3,525.80 points, or 9.7%.
The Nasdaq is down 2,976.81 points, or 19%.
The Russell 2000 is down 336.39 points, or 15%. | https://www.greenwichtime.com/business/article/How-major-US-stock-indexes-fared-Wednesday-17349191.php | 2022-08-03T22:13:32Z | https://www.greenwichtime.com/business/article/How-major-US-stock-indexes-fared-Wednesday-17349191.php | true | 13 |
NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Ping Identity Holding Corp. ("Ping" or the "Company") (NYSE: PING) in connection with the proposed acquisition of the Company by Thoma Bravo. Under the terms of the merger agreement, the Company's shareholders will receive $28.50 in cash for each share of Ping common stock owned. The transaction is valued at approximately $2.8 billion.
If you own Ping shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
https://www.weisslaw.co/news-and-cases/ping
Or please contact:
Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Weiss Law is investigating whether (i) Ping's board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $28.50 per-share merger consideration adequately compensates Ping's shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. Notably, at least one analyst set a price target for the Company of $38 per share, $9.50 above the per-share merger consideration.
Weiss Law has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com
View original content to download multimedia:
SOURCE Weiss Law | https://www.wtvy.com/prnewswire/2022/08/03/shareholder-alert-weiss-law-investigates-ping-identity-holding-corp/ | 2022-08-03T22:13:32Z | https://www.wtvy.com/prnewswire/2022/08/03/shareholder-alert-weiss-law-investigates-ping-identity-holding-corp/ | false | 573 |
Shareholder Returns Doubled, Highest Quarterly Cash Flow in Over a Decade
Highlights:
- Generated second quarter net earnings of $1.36 billion, Non-GAAP Cash Flow of $1.22 billion and Non-GAAP Free Cash Flow of $713 million
- Doubled shareholder returns from 25% to 50% of Non-GAAP Free Cash Flow after base dividends beginning in July 2022, one quarter sooner than previously planned
- Returned approximately $200 million to shareholders in the second quarter via share buybacks and base dividends; the Company expects to return approximately $389 million in the third quarter
- Redeemed the entire aggregate principal amount of its 2024 notes totaling approximately $1 billion
- Reduced Net Debt by $610 million during the quarter; Company expects to achieve its $3 billion Net Debt target before the end of the year
- Announced agreements to sell portions of its Uinta and Bakken assets in July for approximately $250 million before closing adjustments
- Delivered second quarter total production of 500 thousand barrels of oil equivalent per day ("MBOE/d"), at the high end of Company guidance; oil and condensate production averaged 175 thousand barrels per day ("Mbbls/d"), at the high end of Company guidance
DENVER, Aug. 3, 2022 /PRNewswire/ - Ovintiv Inc. (NYSE: OVV) (TSX: OVV) ("Ovintiv" or the "Company") today announced its second quarter 2022 financial and operating results. The Company plans to hold a conference call and webcast at 8:00 a.m. MT (10:00 a.m. ET) on August 4, 2022. Please see dial-in details within this release, as well as additional details on the Company's website at www.ovintiv.com.
"In the second quarter, we delivered our highest quarterly cash flow and free cash flow in over a decade – this result reflects the value we are generating with our culture of innovation, leading capital efficiency, top tier multi-basin portfolio and disciplined capital allocation," said Ovintiv President & CEO Brendan McCracken. "We are resolute in our goal to unlock value for our shareholders. We expect to deliver more than $1 billion to our shareholders in 2022 and assuming current strip pricing, we expect shareholder returns to more than double in 2023."
Second Quarter 2022 Financial and Operating Results
- The Company reported net earnings of $1.36 billion after-tax, or $5.21 per diluted share in the second quarter.
- Second quarter cash from operating activities was $1.34 billion, Non-GAAP Cash Flow was $1.22 billion and capital investment totaled $511 million, resulting in $713 million of Non-GAAP Free Cash Flow.
- Second quarter total production was 500 MBOE/d, including 175 Mbbls/d of oil and condensate, 87 Mbbls/d of other NGLs and 1,426 million cubic feet per day ("MMcf/d") of natural gas. Natural gas volumes were negatively impacted in the quarter due to higher Canadian royalty rates.
- Total Costs were $16.71 per barrel of oil equivalent ("BOE"). Per unit costs were higher in the quarter due to stronger commodity prices directly impacting commodity linked cost items.
- Excluding the impact of risk management losses, second quarter 2022 average realized prices were $107.16 per barrel for oil and condensate (99% of WTI), $37.03 per barrel for other NGLs (C2-C4) and $6.78 per thousand cubic feet ("Mcf") for natural gas (95% of NYMEX) resulting in a total average realized price of $63.36 per BOE.
2022 Guidance
Ovintiv's full year 2022 capital guidance is unchanged. Full year production volumes have been adjusted to include the impact of non-core asset sales which were announced in July, the impact of higher-than-expected Canadian royalty rates which reduce reported volumes and the impact of recent higher line pressures in third party midstream facilities in the Anadarko. The Company's Total Cost guidance has increased slightly due to the impact of higher-than-expected natural gas prices for the remainder of the year and additional downstream capacity contracted with third parties in the Montney and Permian plays. Ovintiv's third and fourth quarter and full year 2022 guidance is below. The guidance assumes commodity prices of $100/bbl for WTI oil and $8/Mcf for NYMEX natural gas for the remainder of the year.
Share Buyback Program
During the second quarter, Ovintiv purchased for cancellation, approximately 2.8 million shares of common stock outstanding for a total consideration of approximately $135 million. As of June 30, 2022, the Company had repurchased a total of approximately 7.6 million shares of common stock at an average price of $41.80 per share, for a total of $317 million since its share buyback program was announced in September of 2021.
Dividend Declared
On August 3, 2022, Ovintiv's Board declared a quarterly dividend of $0.25 per share of common stock payable on September 30, 2022, to shareholders of record as of September 15, 2022.
Increasing Direct Returns to Shareholders
In July 2022, Ovintiv increased its returns to shareholders from 25% to 50% of the previous quarter's Non-GAAP Free Cash Flow after base dividends through share buybacks. The remaining Non-GAAP Free Cash Flow will primarily be allocated to continued Net Debt reduction and property bolt-ons.
In the third quarter of 2022, the Company plans to deliver approximately $389 million to shareholders through its base dividend of approximately $64 million and share buybacks totalling approximately $325 million. The third quarter buyback program, at $325 million, exceeds the total dollars spent on buybacks since the Company's new capital allocation framework was announced in September of 2021.This will bring total direct shareholder returns to approximately $900 million over the 12-month period.
Continued Focus on Balance Sheet Strength and Debt Reduction
Ovintiv remains committed to reducing Net Debt. At the end of the second quarter, Ovintiv's Net Debt was approximately $3.9 billion and Net Debt to Adjusted EBITDA was 1.0 times. The Company expects to meet its $3 billion Net Debt target by the end of the year.
In June, the Company redeemed its $1,000 million, 5.625 percent senior notes due July 1, 2024, using cash on hand and proceeds from short term borrowings. Ovintiv paid approximately $1,072 million in cash including accrued and unpaid interest of $25 million and a one-time make-whole payment of $47 million. The redemption will result in approximately $55 million of annualized interest expense savings.
In addition, the Company repurchased a portion of its 6.5 percent senior notes due August 2034, its 6.5 percent senior notes due February 2038 and its 5.15 percent senior notes due in November 2041 in the open market. As of June 30, 2022, the aggregate cash payments related to the note repurchases were approximately $60 million, plus accrued interest.
As of June 30, 2022, the Company had $215 million of commercial paper outstanding and no outstanding balances under its revolving credit facilities.
Non-Core Asset Sales
In July 2022, Ovintiv announced it had reached agreements with two counterparties to sell portions of its assets located in the Uinta and Bakken basins for total proceeds of approximately $250 million before closing adjustments. As of April 2022, the combined volumes from the divested assets totaled approximately 5.0 MBOE/d, including 4.9 Mbbls/d of oil and condensate.
Asset Highlights
Permian
Permian production averaged 116 MBOE/d (79% liquids) in the second quarter. The Company averaged three gross rigs, drilled 16 net wells, and had 11 net wells turned in line (TIL).
The Company plans to spend $650 to $700 million in the basin in 2022.
Anadarko
Anadarko production averaged 128 MBOE/d (63% liquids) in the second quarter. The Company averaged three gross rigs, drilled 18 net wells, and had 15 net wells TIL.
The Company plans to spend $350 to $400 million in the basin in 2022.
Montney
Montney production averaged 198 MBOE/d (24% liquids) in the second quarter. The Company averaged three gross rigs, drilled 16 net wells and had 12 net wells TIL.
Ovintiv recently contracted for 245 billion British thermal units (BBTU) per day of incremental transport to the Chicago market beginning November 1st, 2022, for a term greater than 10 years. This additional transportation supplements the Company's existing market access to Eastern Canada, California, the Pacific Northwest, and the Midwest. Assuming production levels flat with the first half of 2022, the combination of market access arrangements and AECO basis hedges will result in approximately 80% to 85% of Ovintiv's Montney natural gas production to price outside the AECO market for the 2023 to 2025 period.
The Company plans to spend $300 to $350 million in the basin in 2022.
For additional information, please refer to the second quarter 2022 Results Presentation at: https://investor.ovintiv.com/presentations-events.
Conference Call Information
A conference call and webcast to discuss the Company's second quarter results will be held at 8:00 a.m. MT (10:00 a.m. ET) on August 4, 2022. To participate in the call, please dial 888-664-6383 (toll-free in North America) or 416-764-8650 (international) approximately 15 minutes prior to the conference call. The live audio webcast of the conference call, including slides and financial statements, will be available on Ovintiv's website, www.ovintiv.com under Investors/Presentations and Events. The webcast will be archived for approximately 90 days.
Refer to Note 1 Non-GAAP measures and the tables in this release for reconciliation to comparable GAAP financial measures.
Capital Investment and Production
Second Quarter 2022 Summary
Realized Pricing Summary
Total Costs
Debt to Adjusted Capitalization
Hedge Volumes as of June 30, 2022
Price Sensitivities for WTI Oil (1) ($MM)
Price Sensitivities for NYMEX Natural Gas (1) ($MM)
Important information
Unless otherwise noted, Ovintiv reports in U.S. dollars and production, sales and reserves estimates are reported on an after-royalties basis. Unless otherwise specified or the context otherwise requires, references to Ovintiv or to the Company includes reference to subsidiaries of and partnership interests held by Ovintiv Inc. and its subsidiaries.
NOTE 1: Non-GAAP measures
Certain measures in this news release do not have any standardized meaning as prescribed by U.S. GAAP and, therefore, are considered non-GAAP measures. These measures may not be comparable to similar measures presented by other companies and should not be viewed as a substitute for measures reported under U.S. GAAP. These measures are commonly used in the oil and gas industry and/or by Ovintiv to provide shareholders and potential investors with additional information regarding the Company's liquidity and its ability to generate funds to finance its operations. For additional information regarding non-GAAP measures, see the Company's website. This news release contains references to non-GAAP measures as follows:
- Non-GAAP Cash Flow is a non-GAAP measure defined as cash from (used in) operating activities excluding net change in other assets and liabilities, net change in non-cash working capital and current tax on sale of assets.
- Non-GAAP Cash Flow Margin is a non-GAAP measure defined as Non-GAAP Cash Flow per BOE of production.
- Non-GAAP Free Cash Flow is a non-GAAP measure defined as Non-GAAP Cash Flow in excess of capital expenditures, excluding net acquisitions and divestitures.
- Non-GAAP Operating Earnings is a non-GAAP measure defined as net earnings excluding non-recurring or non-cash items that Management believes reduces the comparability of the Company's financial performance between periods. These items may include, but are not limited to, unrealized gains/losses on risk management, impairments, restructuring charges, non-operating foreign exchange gains/losses, gains/losses on divestitures and gains on debt retirement. Income taxes includes adjustments to normalize the effect of income taxes calculated using the estimated annual effective income tax rate. In addition, any valuation allowances are excluded in the calculation of income taxes.
- Total Costs is a non-GAAP measure which includes the summation of production, mineral and other taxes, upstream transportation and processing expense, upstream operating expense and administrative expense, excluding the impact of long-term incentive, restructuring and legal costs, and current expected credit losses. It is calculated as total operating expenses excluding non-upstream operating costs and non-cash items which include operating expenses from the Market Optimization and Corporate and Other segments, depreciation, depletion and amortization, impairments, accretion of asset retirement obligation, long-term incentive, restructuring and legal costs, and current expected credit losses. When presented on a per BOE basis, Total Costs is divided by production volumes. Management believes this measure is useful to the Company and its investors as a measure of operational efficiency across periods.
- Net Debt is defined as long-term debt, including the current portion, less cash and cash equivalents. Adjusted EBITDA is defined as trailing 12-month net earnings (loss) before income taxes, DD&A, impairments, accretion of asset retirement obligation, interest, unrealized gains/losses on risk management, foreign exchange gains/losses, gains/losses on divestitures and other gains/losses. Net Debt to Adjusted EBITDA is a non-GAAP measure monitored by management as an indicator of the Company's overall financial strength.
- Debt to Adjusted Capitalization is a non-GAAP measure which adjusts capitalization for historical ceiling test impairments that were recorded as at December 31, 2011. Management monitors Debt to Adjusted Capitalization as a proxy for the Company's financial covenant under the Credit Facilities which require debt to adjusted capitalization to be less than 60 percent. Adjusted Capitalization incudes debt, total shareholders' equity and an equity adjustment for cumulative historical ceiling test impairments recorded as at December 31, 2011 in conjunction with the Company's January 1, 2012 adoption of U.S. GAAP.
ADVISORY REGARDING OIL AND GAS INFORMATION – The conversion of natural gas volumes to barrels of oil equivalent (BOE) is on the basis of six thousand cubic feet to one barrel. BOE is based on a generic energy equivalency conversion method primarily applicable at the burner tip and does not represent economic value equivalency at the wellhead. Readers are cautioned that BOE may be misleading, particularly if used in isolation. The term "liquids" is used to represent oil, NGLs and condensate. The term "condensate" refers to plant condensate.
ADVISORY REGARDING FORWARD-LOOKING STATEMENTS – This news release contains forward-looking statements or information (collectively, "forward-looking statements") within the meaning of applicable securities legislation, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, except for statements of historical fact, that relate to the anticipated future activities, plans, strategies, objectives or expectations of the Company are forward-looking statements. When used in this news release, the use of words and phrases including "anticipates," "believes," "continue," "could," "estimates," "expects," "focused on," "forecast," "guidance," "intends," "maintain," "may," "opportunities," "outlook," "plans," "potential," "strategy," "targets," "will," "would" and other similar terminology is intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words or phrases. Readers are cautioned against unduly relying on forward-looking statements which, by their nature, involve numerous assumptions and are subject to both known and unknown risks and uncertainties (many of which are beyond our control) that may cause such statements not to occur, or actual results to differ materially and/or adversely from those expressed or implied. These assumptions include: future commodity prices and basis differentials; the ability of the Company to access credit facilities and shelf prospectuses; future foreign exchange rates; the Company's ability to capture and maintain gains in productivity and efficiency; data contained in key modeling statistics; availability of attractive commodity or financial hedges; benefits from technology and innovation; assumed tax, royalty and regulatory regimes; expectations and projections made in light of the Company's historical experience; and the other assumptions contained herein. Risks and uncertainties that may affect the Company's financial or operating performance include: market and commodity price volatility; uncertainties, costs and risks involved in our operations, including hazards and risks incidental to both the drilling and completion of wells and the production, transportation, marketing and sale of oil, NGL and natural gas; availability of equipment, services, resources and personnel required to perform the Company's operating activities; service or material cost inflation; our ability to generate sufficient cash flow to meet our obligations and reduce debt; the impact of a pandemic, epidemic or other widespread outbreak of an infectious disease (such as the ongoing COVID-19 pandemic) on commodity prices and the Company's operations; our ability to secure adequate transportation and storage for oil, NGL and natural gas; interruptions to oil, NGL and natural gas production; discretion of the Company's Board of Directors to declare and pay dividends; the timing and costs associated with drilling and completing wells; business interruption, property and casualty losses (including weather related losses) and the extent to which insurance covers any such losses; counterparty and credit risk; the actions of members of OPEC and other state-controlled oil companies with respect to oil, NGLs and natural gas production; the impact of changes in our credit rating and access to liquidity; changes in political or economic conditions in the United States and Canada; risks associated with technology, including electronic, cyber and physical security breaches; changes in royalty, tax, environmental, GHG, carbon, accounting and other laws or regulations or the interpretations thereof; our ability to timely obtain environmental or other necessary government permits or approvals; risks associated with existing and potential lawsuits and regulatory actions; risks related to the purported causes and impact of climate change; the impact of disputes arising with our partners; the Company's ability to acquire or find additional oil and natural gas reserves; imprecision of oil and natural gas reserves estimates and estimates of recoverable quantities; risks associated with past and future acquisitions or divestitures; our ability to repurchase the Company's outstanding shares of common stock; the existence of alternative uses for the Company's cash resources which may be superior to the payment of dividends or share repurchases; land, legal, regulatory and ownership complexities inherent in the U.S., Canada; failure to achieve or maintain our cost and efficiency initiatives; risks and uncertainties described in Item 1A. Risk Factors of the Company's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q; and other risks and uncertainties impacting the Company's business as described from time to time in the Company's periodic filings with the SEC or Canadian securities regulators.
Further information on Ovintiv Inc. is available on the Company's website, www.ovintiv.com, or by contacting:
View original content to download multimedia:
SOURCE Ovintiv Inc. | https://www.wlox.com/prnewswire/2022/08/03/ovintiv-reports-second-quarter-2022-financial-operating-results/ | 2022-08-03T22:16:32Z | https://www.wlox.com/prnewswire/2022/08/03/ovintiv-reports-second-quarter-2022-financial-operating-results/ | false | 12 |
(southernjewelrynews.com) - As a Property and Casualty Insurance Adjuster specializing in high value jewelry insurance claims, I am often called in to serve as litigation consultant and expert witness when the claims escalate due to coverage disputes. In virtually all disputed claims cases there is one common denominator: inflated appraisals issued by retail jewelers as sales tools.
News
Namibian national appears in SA court for illegal rough diamond possession
A Namibian national appeared in South Africa’s Worcester Magistrate’s Court on Monday after he was found in possession of rough diamonds.
Today
West African to start gold mining at second Burkina Faso mine by 2025
West African Resources (WAF)’ feasibility study for Kiaka in Burkina Faso shows it will be a long-life low-cost gold project averaging 219,000 ounces of gold production per year for 18.5 years from 2025.
Yesterday
Fancy Color diamond overall price rises by 0.8% in Q2 2022
The Fancy Color Research Foundation (FCRF) has announced the results of the Q2 2022 Fancy Color Diamond Index.The price rise in all colors and sizes of fancy color diamonds continued this quarter, with an average increase of 0.8%. This upward...
Yesterday
Nornickel reports first half 2022 interim consolidated IFRS financial results
PJSC MMC Norilsk Nickel the world’s largest palladium and high-grade nickel and a major producer of platinum and copper, reports interim consolidated IFRS financial results for the six months ended June 30, 2022.
Yesterday
Angola earns $1bn from H1 diamond revenue
Angola sold about 4,3 million carats of diamond in the first half of 2022 valued at just above $1 billion, according to data released by the country’s ministry of finance. The southern African country started the year on a high note as it sold about...
Yesterday | https://www.rough-polished.com/en/expertise/126426.html | 2022-08-03T22:17:15Z | https://www.rough-polished.com/en/expertise/126426.html | false | 1 |
Ottawa Impact came out the big winner of Tuesday night’s primary elections in Ottawa County.
The political action committee endorsed candidates for county commissioner in nine of the 11 districts. The Ottawa Impact candidates managed to win eight of the nine races.
The only incumbent commissioner to come out on top in a contested race was District 10's Roger Bergman of Grand Haven. Bergman received 52.1 percent of the votes (2,768), compared to 40.5 percent for Jenni Shepherd-Kelley (2,150) and 7.5 percent for Thomas Elhart (399).
“It’s not completely done yet, but I can say that I am very thankful for the people who have supported me,” Bergman said Tuesday night. “I am disappointed that it looks like many of my fellow commissioners are not being supported. I find that really disappointing. I think that is not necessarily going to be a good thing for our county.”
Bergman’s next challenge will be winning the general election in November, where he will face off against Democrat Doug VanBennekom, also of Grand Haven.
District 11 incumbent Matt Fenske lost by a large margin to his opponent, Allison Miedema, who received 69 percent of the votes with all 11 precincts reporting. The district includes Crockery Township and a portion of Spring Lake Township, and stretches east past Coopersville.
District 8 incumbent Greg DeJong didn’t fare much better, also losing to his challenger from Ottawa Impact, Sylvia Rhodea; she pulled in 71 percent of votes by the end of the evening.
District 9 incumbent Philip Kuyers lost his race to opponent Roger Belknap. Belknap received 52.7 percent of the votes (3,026) to Kuyers' 47.3 percent (2,720).
Several of the Republican winners look to be going into the November election without Democratic challengers. The Democrats did not run candidates in the primary for districts 4, 5, 6, 7, 8, 9 and 11.
District 1's Republican winner, Gretchen Cosby, will have to face off against the unchallenged Danielle Smith. District 2's Lucy Ebel will face off against Democratic challenger Joe Spaulding.
In Holland, Danielle Garcia, daughter to District 1's Republican incumbent Frank Garcia, went unchallenged. Garcia will be facing off against the District 3 incumbent Doug Zylstra, who also went unchallenged.
Calls to Miedema and Rhodea were not returned. | https://www.grandhaventribune.com/news/elections/ottawa-impact-wins-big-in-county-commissioner-races/article_c4ca0eb1-17f1-5c98-ada3-98302a6726a0.html | 2022-08-03T22:17:26Z | https://www.grandhaventribune.com/news/elections/ottawa-impact-wins-big-in-county-commissioner-races/article_c4ca0eb1-17f1-5c98-ada3-98302a6726a0.html | true | 1 |
You need to enable JavaScript to run this app. | https://sportspyder.com/cf/lsu-tigers-football/articles/40279263 | 2022-08-03T22:19:02Z | https://sportspyder.com/cf/lsu-tigers-football/articles/40279263 | true | null |
[Trump/Russia/GOPgate] sock puppet org busted
By PeraclesPlease on Sat, 07/30/2022 - 6:14am |Previous 5-month long thread here:
http://dagblog.com/reader-blogs/barr-trumps-soiled-reputations-35202
New charges may signal a more expansive effort to weed out Russian sockpuppet orgs for influencing elections & public opinion, right and left. ["failure to register as a foreign agent"]
13 Russians charged by Mueller in absentia 4 years ago, but this one seems to point higher up the RU food chain plus charges Americans as well.
The presence of investigation in Tampa (thoselcharging Black Hammer ATL as well) instead of SDNY may also signal a broader effort or different regional approach (good morning, Mr. DeSantis - nice hotbed of dissent you got there, would be a shame to see it go belly up)
Longer thread from Marcy
- Add new comment
- 1675 reads
Comments
Twitter has made the WaPo Gaetz hot mike story a 'news event'
1 hour ago
Hot mic captured Gaetz assuring Stone of pardon, discussing Mueller redactions
As Roger Stone prepared to stand trial in 2019, complaining he was under pressure from federal prosecutors to incriminate Donald Trump, a close ally of the president repeatedly assured Stone that “the boss” would likely grant him clemency if he were convicted, a recording shows. At an event at a Trump property that October, Rep. Matt Gaetz (R-Fla.) predicted that Stone would be found guilty at his trial in Washington the following month but would not “do a day” in prison. Gaetz was apparently unaware they were being recorded by documentary filmmakers following Stone.
by artappraiser on Sat, 07/30/2022 - 3:10pm
Mho this is VERY well framed:
He always cared more about 'ratings' than real governing, but has now totally gone over to a fantasy land presidential campaign. For him this is now all about winning the most 'fans' and admirers on the right, not about having the job of president. While the fight about the presidency is currently still useful, he doesn't necessarily need that, he can turn around and use an alternative, like, say, representing the worst case scenario of the Deep State coming after you, the ultimate victim, but he is the one superhero savior who can fight back. It always comes down to 'ratings' for this man, it was never simply about politics.
by artappraiser on Sat, 07/30/2022 - 2:47pm
P.S. consider this: when push comes to shove, he may realize that he really doesn't want the job of president as he once deluded himself that he did. Look at how he despised all those minions who pestered him with actual presidential duties and how he paid no real attention to what his cabinet secretaries were doing, caring only if they reflected well on him. Look at how he spent 1/6, shut up in his dining room, enthralled watching his fans fight for him on the teevee and loathe to deal with it in any real way! Look at him trying to record that video and Ivanka struggling with getting him to use certain words. He is not so much thinking 'coup tactics" all he really cares about is not discouraging the fans from continuing to fight for him. He even uses the famous celeb words to fans "we love you"
by artappraiser on Sat, 07/30/2022 - 3:02pm
Sometimes Seth Abramson surprises with his understanding of pop culture (even tho he usually comes off like Joe Friday on 'Dragnet');
this guy's got the reality
by artappraiser on Sat, 07/30/2022 - 3:26pm
According to internal communications reviewed by Rolling Stone, Trump’s team is “quietly” planning for criminal charges as they wait for the Justice Department to make its move
by artappraiser on Sun, 07/31/2022 - 9:23pm
a reminder that Richard William Painter ...is an American lawyer, professor, and political candidate. From 2005 to 2007 Painter was the chief White House ethics lawyer in the George W. Bush administration. He is the S. Walter Richey Professor of Corporate Law at the University of Minnesota, and since 2016 has served as vice-chair of Citizens for Responsibility and Ethics in Washington (CREW),[2][3] a government watchdog group.[4]....
by artappraiser on Tue, 08/02/2022 - 6:05pm | http://dagblog.com/comment/319488 | 2022-08-03T22:21:07Z | http://dagblog.com/comment/319488 | false | 66 |
Sports Broadcaster Vin Scully Dies at 94 – Sporting News
Legendary sports broadcaster Vin Scully, who was the longtime play-by-play announcer for the Los Angeles Dodgers, passed way August 2, 2022 at his home in Hidden Hills, Los Angeles County.
No cause of death was given. He was 94.
Scully was the caller for Major Leagues Baseball’s Los Angeles Dodgers for 67 seasons (1950-2016), making his tenure the longest of any broadcaster with a single team in professional sports team history. Scully was called the voice of the Dodgers and so much more, and was the heartbeat of the Dodgers-and in so many ways, the heartbeat of all of Los Angeles.
In addition to Dodgers baseball, Scully called various nationally-televised football and golf contests for CBS Sports from 1975-1982 and was NBC Sports lead baseball play-by-play announcer from 1983-1989. He also called the World Series for CBS Radio from 1979 to 1982 and again from 1990-1997.
Ringside Report sends our condolences to Vin Scully’s family during their time of grief. | https://ringsidereport.com/?p=114151&utm_source=rss&utm_medium=rss&utm_campaign=sports-broadcaster-vin-scully-dies-at-94-sporting-news | 2022-08-03T22:21:07Z | https://ringsidereport.com/?p=114151&utm_source=rss&utm_medium=rss&utm_campaign=sports-broadcaster-vin-scully-dies-at-94-sporting-news | true | 1 |
- Most of the counties that rejected Kansas' anti-abortion amendment voted for Trump in 2020.
- Kansas voters turned out in high numbers to decisively reject an anti-abortion ballot measure.
- An analysis from Insider's partners at Decision Desk HQ illustrates the broad coalition opposing the measure.
Fourteen Kansas counties that voted for President Donald Trump in 2020 joined all five counties that backed President Joe Biden to reject an anti-abortion ballot measure on Tuesday night, according to an analysis by Insider's partners at Decision Desk HQ.
Kansas voters turned out in droves on Tuesday to defeat Amendment 2, the first anti-abortion ballot measure put to voters since the Supreme Court overturned Roe v. Wade in late June.
Over 900,000 people voted on the amendment on Tuesday, shattering turnout estimates for what was expected to be a low-turnout primary. Voters rejected the amendment by a margin of 59% to 41%.
A "yes" vote on the measure would have eliminated the right to abortion and established no right to public funding abortion under the state constitution. The "no" vote left the constitutional protections to abortion in Kansas unchanged – preserving the status quo and signaling both the unpopularity and the galvanizing impact of abortion in the post-Roe era.
Biden won just Kansas five counties in the 2020 presidential election while "no" prevailed in 19 counties on Tuesday night, meaning that the remaining 14 "no" counties backed Trump in 2020 — and were likely decisive to the amendment's failure at the ballot box. "No" on the amendment also significantly outperformed Biden's margins against Trump in those five counties he carried in 2020.
The 14 counties that backed Trump in 2020 but voted "no" on Amendment 2:
- Cowley County backed Trump with 68% of the vote compared to 30% for Biden in 2020, but voted "no" on Amendment 2 by 52% to 48% on Tuesday.
- Crawford County backed Trump 60% to 40% in 2020 and voted "no" 55% to 45%.
- Franklin County backed Trump 68% to 30% in 2020 and voted "no" 56% to 44%.
- Geary County backed Trump 55% to 41% in 2020 and voted "no" 61% to 39%.
- Greenwood County backed Trump 79% to 18% in 2020 and narrowly voted "no" 50.16% to 48.84%.
- Harvey County backed Trump 59% to 39% in 2020 and voted "no" 53% to 47%.
- Jackson County backed Trump 69% to 29% in 2020 and voted "no" 52% to 48%.
- Jefferson County backed Trump 65% to 33% in 2020 and voted "no" 55% to 45%.
- Leavenworth County backed Trump 59% to 38% in 2020 and voted "no" 59% to 41%.
- Lyon County backed Trump 54% to 43% in 2020 and voted "no" 63% to 37%.
- Miami County backed Trump 68% to 29% in 2020 and voted "no" 52% to 48%.
- Osage County backed Trump 71% to 27% in 2020 and voted "no" 56% to 44%.
- Saline County backed Trump 64% to 44% in 2020 and voted "no" 55% to 45%.
- Sedgwick County backed Trump 54% to 43% in 2020 and voted "no" 58% to 42%.
"No" on Amendment 2 outran Biden in the five counties he won in 2020:
- Douglas County backed Biden 68% to 29% in the 2020 presidential election and voted "no" on Amendment 2 81% to 19%.
- Johnson County backed Biden by 53% to 45% in 2020 and voted "no" 68% to 32% in 2022.
- Riley County backed Biden 51% to 46% in 2020 and voted "no" 68% to 32%.
- Shawnee County backed Biden by just three points, 50% to 47%, in 2020 and voted "no" 66% to 44%.
- Wyandotte County backed Biden 64% to 31% in 2020 and voted "no" 74% to 26%. | https://www.businessinsider.com/14-out-19-counties-that-rejected-kansas-anti-abortion-measure-backed-trump-2022-8 | 2022-08-03T22:21:19Z | https://www.businessinsider.com/14-out-19-counties-that-rejected-kansas-anti-abortion-measure-backed-trump-2022-8 | true | 1 |
The Honoring Our Pact Act, S. 3373,
Passed by the United States Senate, August 2, 2022.
PORT WASHINGTON, N.Y., Aug. 3, 2022 /PRNewswire/ -- On August 2, 2022, the United States Senate voted 86-11 in favor of the Honoring our PACT Act, a bill that significantly expands benefits and health care resources for toxic-exposed veterans. It incorporates, in full, the Camp Lejeune Justice Act of 2022, which provides former Marine Corps Base Camp Lejeune residents – military and their families as well as civilian workers – the right to seek justice from the U.S. government for damages related to toxic water exposure at Camp Lejeune.
United States Congressman Matt Cartwright, author of the original Camp Lejeune Justice Act in 2013, celebrated the bill's success: "It's going to be wonderful because it's a victory for justice in the United States. I owe Jerry Parker a great debt of gratitude for introducing me to this problem, and I'm happy that he's going to have a hand in bringing these cases to justice." See https://www.yourlawyer.com/camp-lejeune-water-contamination-lawyers.
Jerry Parker, the founding partner of Parker Waichman LLP, a national law firm, brought the case to national attention when he filed a lawsuit in 2009 on behalf of a school teacher who worked at Camp Lejeune Elementary School for 22 years. That lawsuit, filed in the United States District Court, District of Georgia, alleged that the plaintiff was exposed to toxic substances in the water supply at Camp Lejeune and that she developed cancer as a result of the United States' actions.
The Government moved to dismiss the case, and the District Court granted that motion, holding that North Carolina's ten-year statute of repose applied and the Feres doctrine barred claims against the Marines. Parker Waichman took the case all the way to the U.S. Supreme Court where, unfortunately, justice was denied.
While fighting for his clients in court, Jerry Parker was also working on creating legislation to right this wrong: "After having my case thrown out by the United States District Court, I didn't wait for the decision from the federal circuit court or the United States Supreme Court. I saw the handwriting on the wall and knew that my clients would not get justice in the court system without a change in the law."
Congressman Cartwright immediately recognized a "horrendous situation and a national disgrace" and vowed to help change the law. After multiple sessions of Congress considered versions of the bill, a measure finally gained traction in 2022. With the passage of the Honoring our PACT Act, Camp Lejeune veterans, their families, and civilian base workers – anyone who spent 30 days at Camp Lejeune between August 1, 1953 and December 31, 1987 – are now finally eligible to file a claim for injuries caused by exposure to toxic water at the base.
As Representative Cartwright recently explained, passing the Camp Lejeune Justice Act is "just the start. I mean, it's the end of my work, but it's just the start for all of the families and all of the legal teams that have to get put together, and folks like Jerry Parker and Parker Waichman, they're at the point now where they really have to roll up their sleeves and take these cases in front of the court and win them," which is precisely the job that Jerry Parker and Parker Waichman are doing right now.
Filing a Camp Lejeune Water Contamination Lawsuit
Parker Waichman has represented clients in injury lawsuits for decades and Camp Lejeune victims since 2009. If you, or someone you know, lived or worked at Camp Lejeune for 30 days between August 1, 1953 and December 31, 1987, and want to file a lawsuit, please call 1-800-YOUR LAWYER or visit the firm's website at https://www.yourlawyer.com.
Media Contact:
Annmarie George
ageorge@yourlawyer.com
View original content to download multimedia:
SOURCE Parker Waichman LLP | https://www.kwqc.com/prnewswire/2022/08/03/parker-waichman-llp-celebrates-passage-camp-lejeune-justice-act-2022-continuing-its-fight-camp-lejeune-victims-waged-courts-congress-since-2009/ | 2022-08-03T22:21:22Z | https://www.kwqc.com/prnewswire/2022/08/03/parker-waichman-llp-celebrates-passage-camp-lejeune-justice-act-2022-continuing-its-fight-camp-lejeune-victims-waged-courts-congress-since-2009/ | true | 11 |
The Economic and Financial Crimes Commission (EFCC) has begun to deploy all available measures to re-arrest social media celebrity, Ismaila Mustapha popularly called Mompha, for flouting the court order and traveling to Dubai in United Arab Emirate (UAE) with a new international passport.
Some of the strategies already deployed by the anti-graft agency to bring the suspect back to the country over his involvement in an N6 billion money laundering case already before an Ikeja Special Offences Court in Lagos before leaving the country include publishing his pictures, deploying its operatives to go after him.
Aside from that, the anti-graft agency has also appealed to Nigerians to assist its personnel with information on his whereabouts, in other to quickly arrest him as well as bring him before the court for continuation of his trial.
Through a statement released on Wednesday by its Head of Media and publicity, Wilson Uwujaren, the agency disclosed that the 38-year-old Osun state-born indigene has left his home in the Surulere axis of Lagos State.
According to the banner released by the agency, Wanted by the EFCC: Ismaila Mustapha. Anyone with useful information as to his whereabouts should contact the EFCC or the nearest police station
Mompha and his company Ismalob Global Investment Ltd were arraigned by the commission over alleged N6 billion [email protected] on January 12. A fresh eight-count charge was brought against him.
He was remanded in the custody of the EFCC but later granted a bail of N200 million which he could not fulfill. The bail sum was later slashed to N25 million.
The EFCC had, on June 10, accused Mompha of flouting a court order by traveling to Dubai with a new passport. On June 22, a Lagos court revoked the bail granted to him after the controversial socialite’s absence for trial.
EFCC on Jan.12, charged Mompha and his company, Ismalob Global Investment Ltd, with an eight-count charge including conspiracy to launder money obtained through unlawful activities and laundering of money obtained through unlawful activities.
The other charges include retention of proceeds of criminal conduct, use of property derived from an unlawful act, possession of documents containing false pretenses, and failure to disclose assets. | https://theguildng.com/efcc-begins-trail-of-mompha-after-jumping-bail-relocate-abroad/ | 2022-08-03T22:21:21Z | https://theguildng.com/efcc-begins-trail-of-mompha-after-jumping-bail-relocate-abroad/ | true | 2 |
Ukraine on Wednesday dismissed comments by former German Chancellor Gerhard Schroeder that Russia wanted a “negotiated solution” to the war and said any dialogue would be contingent on a Russian ceasefire and withdrawal of its troops.
Schroeder, a friend of Russian President Vladimir Putin and increasingly derided in Germany for his pro-Russia stance, said last month's agreement on grain shipments from Ukraine, aimed at easing a global food crisis, might offer a way forward.
The first grain ship since the war began more than five months ago passed through the Bosphorus Strait on Wednesday en route to Lebanon.
“The good news is that the Kremlin wants a negotiated solution,” Schroeder told Stern weekly and broadcasters RTL/ntv, adding he had met Putin in Moscow last week. “A first success is the grain deal, perhaps that can be slowly expanded to a ceasefire.”
For the latest headlines, follow our Google News channel online or via the app.
In response, Ukrainian presidential adviser Mykhailo Podolyak described Schroeder as a “voice of the Russian royal court” and made clear that the grain agreement would not lead to broader negotiations.
“If Moscow wants dialogue, the ball is in its court. First — a cease-fire and withdrawal of troops, then — constructive (dialogue),” Podolyak wrote on Twitter.
In a video address on Wednesday night, Ukrainian President Volodymr Zelenskyy also responded bitterly to the notion of talks with Russia.
“It is simply disgusting when former leaders of major states with European values work for Russia, which is at war against these values,” Zelenskyy said.
Tentative attempts at peace talks in March went nowhere.
Russia is engaged in considerable military activity in the east, northeast and south of Ukraine, a statement by the General Staff of the Armed forces said on Wednesday night.
In the northeastern region of Kharkiv, where Ukrainian forces have had success in expelling Russian troops, Russian forces shelled a dozen towns with tank fire and launched air strikes, the statement said.
Shelling was also carried out near the central town of Kramatorsk, which Russian forces hope to capture as they move south, the military said. There was shelling in about eight towns and villages, it said.
Reuters was not able to immediately verify battlefield reports.
Russia has started creating a military strike force aimed at Zelenskyy's hometown of Kryvyi Rih in central Ukraine, the Ukrainian military said earlier.
Bread basket
The grain agreement, brokered by the United Nations and Turkey, has been hailed as a rare diplomatic success in the war, which Russia describes as a “special military operation” to rid Ukraine of fascists, an assertion the Kyiv government and its Western allies said was a baseless pretext for an unprovoked conflict.
Zelenskyy played down the importance of the grain deal on Wednesday, saying the shipment was a fraction of the crop Kyiv must sell to help salvage its shattered economy.
The ship, Razoni, left Odesa on the Black Sea early on Monday carrying 26,527 tonnes of corn to the Lebanese port of Tripoli.
Zelenskyy, speaking via video to students in Australia, said through an interpreter that more time was needed to see whether other grain shipments would follow.
He said Ukraine, one of the world's top grain producers before the war and known as Europe's bread basket, had to export a minimum 10 million tonnes to urgently help bring down its budget deficit which was running at $5 billion a month.
A senior Turkish official said three ships could leave Ukrainian ports daily following the Razoni's departure, while Ukraine's infrastructure minister said 17 more ships had been loaded with agricultural produce and were waiting to set sail.
Ukraine's forecast for its 2022 harvest has increased to 65 million-67 million tonnes of grain from 60 million tonnes, Prime Minister Denys Shmygal said.
In a Telegram message, he praised farmers for pressing ahead with the harvest, even in areas where shelling continues.
“The war ... is almost killing the economy. It's in a coma,” Zelenskyy said. “Russia's blocking of the ports is a great loss for the economy.”
Zelenskyy has repeatedly said Moscow may try to obstruct exports despite signing up to the deal.
Russia, which blockaded the ports after the Feb. 24 invasion, has said it wants to see more done about the exports of its own grain and fertilizers.
It has denied responsibility for the food crisis, saying sanctions by the West have slowed its exports.
One of the companies affected by the sanctions, US oil producer Exxon Mobil, is making progress exiting its stake in the Sakhalin-1 oil and gas development in the Russian Far East, a company spokesperson said.
Ukraine and Russia have traded accusations over a missile strike or explosion on Friday that appeared to have killed dozens of Ukrainian prisoners of war in the eastern frontline town of Olenivka, held by Moscow-backed separatists.
A fact-finding mission will begin into the deaths, UN Secretary-General Antonio Guterres said on Wednesday. It had been requested by both sides, he said.
Read more:
UN chief to launch ‘fact-finding’ mission to bombed Ukraine prison
Ukraine says Russia creating strike force aimed at Zelenskyy's hometown
Germany’s ex-chancellor Schroeder says Ukraine peace possible after meeting Putin | https://english.alarabiya.net/News/world/2022/08/04/Russian-ceasefire-and-troop-pullout-must-precede-any-talks-says-Ukraine | 2022-08-03T22:22:09Z | https://english.alarabiya.net/News/world/2022/08/04/Russian-ceasefire-and-troop-pullout-must-precede-any-talks-says-Ukraine | true | 6 |
NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Ping Identity Holding Corp. ("Ping" or the "Company") (NYSE: PING) in connection with the proposed acquisition of the Company by Thoma Bravo. Under the terms of the merger agreement, the Company's shareholders will receive $28.50 in cash for each share of Ping common stock owned. The transaction is valued at approximately $2.8 billion.
If you own Ping shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
https://www.weisslaw.co/news-and-cases/ping
Or please contact:
Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Weiss Law is investigating whether (i) Ping's board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $28.50 per-share merger consideration adequately compensates Ping's shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. Notably, at least one analyst set a price target for the Company of $38 per share, $9.50 above the per-share merger consideration.
Weiss Law has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com
View original content to download multimedia:
SOURCE Weiss Law | https://www.wbko.com/prnewswire/2022/08/03/shareholder-alert-weiss-law-investigates-ping-identity-holding-corp/ | 2022-08-03T22:24:44Z | https://www.wbko.com/prnewswire/2022/08/03/shareholder-alert-weiss-law-investigates-ping-identity-holding-corp/ | false | 573 |
A 70-year-old man has been found safe after going missing from his home in Karori last night.
The man, who has dementia, was found on Thursday morning.
Police have thanked the public for their assistance with the matter.
A 70-year-old man has been found safe after going missing from his home in Karori last night.
The man, who has dementia, was found on Thursday morning.
Police have thanked the public for their assistance with the matter. | https://www.nzherald.co.nz/nz/70-year-old-man-with-dementia-found-safe-and-well/2XJZNCS2WAQQ6IMK7WUULKSORU/?c_id=1&objectid=12542663 | 2022-08-03T22:25:49Z | https://www.nzherald.co.nz/nz/70-year-old-man-with-dementia-found-safe-and-well/2XJZNCS2WAQQ6IMK7WUULKSORU/?c_id=1&objectid=12542663 | false | null |
Partly cloudy skies. Low 72F. S winds at 15 to 25 mph, decreasing to 5 to 10 mph..
Partly cloudy skies. Low 72F. S winds at 15 to 25 mph, decreasing to 5 to 10 mph.
Updated: August 3, 2022 @ 3:09 pm
APPLE VALLEY — An Orange County-based educational company called Illuminate Education has been notifying school districts it works with that a data breach has compromised current and former students’ information. The company reportedly earns around $126 million in annual revenue works with school districts in all 50 states.
Previous reports by the company say that on January 8, 2022, Illuminate Education discovered a data breach and brought in a third-party forensic expert to investigate. By March 2022, the data breach was confirmed and data containing potentially protected student information had been subjected to unauthorized access.
According to the company’s website, Illuminate Education partners with educators to reach new levels of student performance, empowering teachers with data to serve the whole child. Its solution is said to bring together holistic data and collaborative instructional tools and puts them in the hands of educators.
In Apple Valley, a district-wide email was sent out to families on August 2, 2022. Families were informed that AVUSD no longer uses Illuminate Education. The email said “Our last upload of data was March 17, 2021. The AVUSD student data was a possible part of the data breach and in following the best practices in these cases, Illuminate is notifying all parties who might be involved and offering credit monitoring.”
AVUSD did not specify to families what data specifically was shared with Illuminate Education that could be a part of the breach but did tell families that they share “very limited student information with the platform, compliant with all relevant laws and regulations.”
Sorry, there are no recent results for popular images.
Sorry, there are no recent results for popular commented articles.
Success! An email has been sent to with a link to confirm list signup.
Error! There was an error processing your request.
Have the latest local news delivered every morning.
We’ll send breaking news to you as they happen!
Best trending stories from the week sent on Saturday. | https://www.inferse.com/171740/apple-valley-unified-alerts-parents-of-data-breach-hddailynews/ | 2022-08-03T22:26:31Z | https://www.inferse.com/171740/apple-valley-unified-alerts-parents-of-data-breach-hddailynews/ | true | 1 |
NEW YORK, Aug. 3, 2022 /PRNewswire/ --
If you own shares in any of the companies listed above and
would like to discuss our investigations or have any questions concerning
this notice or your rights or interests, please contact:
Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025(888) 593-4771
stockinfo@weisslawllp.com
Silverback Therapeutics, Inc. (NASDAQ: SBTX)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Silverback Therapeutics, Inc. (NASDAQ: SBTX), in connection with SBTX's proposed merger with ARS Pharmaceuticals, Inc. ("ARS"). Under the terms of the merger agreement, assuming that SBTX's net cash at closing is $240 million, SBTX equity holders are expected to own only approximately 37% of the combined company and pre-merger ARS equity holders are expected to own approximately 63% of the combined company. If you own SBTX shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/sbtx
La Jolla Pharmaceutical Company (NASDAQ: LJPC)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of La Jolla Pharmaceutical Company (NASDAQ: LJPC) in connection with the proposed acquisition of LJPC by Innoviva, Inc. via tender offer. Under the terms of the merger agreement, LJPC shareholders will receive $6.23 in cash for each share of LJPC common stock owned. If you own LJPC shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/ljpc
Convey Health Solutions Holdings, Inc. (NYSE: CNVY)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Convey Health Solutions Holdings, Inc. (NYSE: CNVY), in connection with the proposed acquisition of CNVY by TPG Capital. Under the terms of the merger agreement, CNVY shareholders will receive $10.50 in cash for each share of CNVY common stock owned. If you own CNVY shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/cnvy
Duke Realty Corporation (NYSE: DRE)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Duke Realty Corporation (NYSE: DRE), in connection with the proposed acquisition of DRE by Prologis, Inc. ("Prologis"). Upon completion of the transaction, DRE shareholders will receive 0.475 shares of Prologis common stock for each DRE share owned, representing implied per-share merger consideration of approximately $61.45 based upon Prologis's August 2, 2022 closing price of $129.37. If you own DRE shares and wish to discuss this investigation or your rights, please call us or visit our website: https://www.weisslaw.co/news-and-cases/dre
View original content to download multimedia:
SOURCE Weiss Law | https://www.wtok.com/prnewswire/2022/08/03/shareholder-alert-weiss-law-reminds-sbtx-ljpc-cnvy-dre-shareholders-about-its-ongoing-investigations/ | 2022-08-03T22:28:11Z | https://www.wtok.com/prnewswire/2022/08/03/shareholder-alert-weiss-law-reminds-sbtx-ljpc-cnvy-dre-shareholders-about-its-ongoing-investigations/ | false | 32 |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.