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HYDERABAD: Five candidates from Telangana were among 24 students from across the country who secured a 100 percentile score in JEE Mains.While emerging toppers in the State with 100 percentile scores, Rupesh Biyani, Dheeraj Kurukunda, Jasti Yashwanth VVS, Busa Siva Naga Venkata Aditya and Aniket Chattopadhyay also secured overall 11th, 12th, 13th, 14th and 16th positions respectively.
Chanda Moumitha with 99.98 percentile score is the topper among the women candidates from the State.
Five candidates from Andhra Pradesh also secured 100 percentile while others to score similar scores were from Rajasthan, Maharashtra, Bihar, Haryana, Assam, Punjab, Kerala, Jharkhand and UP.
The National Testing Agency (NTA) declared the JEE Main Paper 1 scores on Monday. It had conducted the Paper 1 exam in two sessions in Computer Based Test. Paper 1 is for engineering courses in various national institutes.A total of 13,09846 candidates appeared for the examination conducted at 622 centres in 440 cities, including 17 cities outside the country.
The results of Paper 2 for admissions in architecture and planning courses will be declared later.Students from Alphores IIT Academy secured several national level ranks in various categories. A total of 28 students of the academy secured ranks below 5,000 and 401 students have qualified to write the IIT-JEE Advanced.
Three students were ranked below 500 including D Sadashiva Reddy, Bhukya Manikanta and R Rashmita with 242, 375 and 487 ranks respectively. D Vishwanath Reddy V Ram Praneeth, M Sathwik, Ch Nishanth Reddy, P Sai Kaushik and P Sai Sharan secured position between 500 and 1,000.
99.68 percentile score was the highest among women candidates from the State | https://www.newindianexpress.com/states/telangana/2022/aug/09/jee-mains-five-telangana-statestudents-scoreperfect-100-2485632.html | 2022-08-09T18:50:15Z | https://www.newindianexpress.com/states/telangana/2022/aug/09/jee-mains-five-telangana-statestudents-scoreperfect-100-2485632.html | false | 1 |
(CNBC) Stock futures were little changed early on Monday morning, following the S&P 500?s third straight weekly gain, as investors shifted focus to a key inflation report this week. Futures on the Dow Jones Industrial Average dipped 30 points or 0.09%. S&P 500 futures and Nasdaq 100 futures fell 0.16% and 0.09%, respectively.
Stock futures flat following S&P 500?s third winning week in a row
This entry was posted in Syndicated. Bookmark the permalink. | https://www.hedgeco.net/news/08/2022/stock-futures-flat-following-sp-500%E2%80%B2s-third-winning-week-in-a-row.html | 2022-08-09T18:55:19Z | https://www.hedgeco.net/news/08/2022/stock-futures-flat-following-sp-500%E2%80%B2s-third-winning-week-in-a-row.html | false | null |
Parl panel recommends uniform adoptions law that covers all religions, LGBTQ community
The Committee also noted that the Adoption Regulations framed under Juvenile Justice Act provide for an elaborate and time-consuming adoption procedure beset with inordinate delays.
Published: 09th August 2022 12:13 AM | Last Updated: 09th August 2022 03:52 PM | A+A A-
NEW DELHI: A parliamentary panel has said there was a need to harmonise the Hindu Adoptions and Maintenance Act and the Juvenile Justice Act to bring out a uniform and comprehensive legislation on adoption.
The Standing Committee on Law and Personnel said on Monday the new legislation should cover all religions and the LGBTQ (lesbian, gay, bisexual, transgender and queer) community.
The panel, headed by BJP leader Sushil Modi, also said such a legislation should be more transparent, accountable, less bureaucratic and applicable to all irrespective of religion.
In its report on the "review of Guardianship and Adoption Laws", the standing committee said the Hindu Adoptions and Maintenance Act (HAMA) and Juvenile Justice Act have their own virtues and shortcomings.
"While the adoption procedure laid down under HAMA is simple and takes less time as compared to that stipulated in JJ Act, adoptions made under JJ Act are transparent, accountable and verifiable," it said.
However, the Committee also noted that the Adoption Regulations framed under Juvenile Justice Act provide for an elaborate and time consuming adoption procedure beset with inordinate delays.
"In view of the above, the Committee feels that there is a need to harmonise both the laws and bring out a Uniform and comprehensive legislation on adoption which is more transparent, accountable, verifiable, less bureaucratic and applicable to all irrespective of religion in order to make adoptions more easy and less cumbersome." it recommended.
The new law may prescribe separate adoption procedures for institutionalised children and children living with family, it said.
"As regards adoption by relatives, the adoption process should be more flexible and simplified and involve less documentation. The Committee feels that the new legislation should cover LGBTQ community," the panel said. | https://www.newindianexpress.com/nation/2022/aug/09/parl-panel-recommends-uniform-adoptions-law-that-covers-all-religions-lgbtq-community-2485516.html | 2022-08-09T18:55:38Z | https://www.newindianexpress.com/nation/2022/aug/09/parl-panel-recommends-uniform-adoptions-law-that-covers-all-religions-lgbtq-community-2485516.html | false | 10 |
SOUTHFIELD, Mich., Aug. 9, 2022 /PRNewswire/ -- Monroe® shocks and struts, a leading global brand from Tenneco Inc.'s (NYSE: TEN) DRiV Motorparts group, recently launched new Monroe Intelligent Suspension RideSense™ products in North America. Designed specifically for luxury European vehicles equipped with electronic suspensions, Monroe Intelligent Suspension RideSense is engineered as a direct replacement for OE electronic units, matching their design for an easy, "plug and play" installation while offering a customizable driving experience, from comfort-focused to sport-performance.
Featuring Monroe Intelligent Suspension's Continuously Variable Semi-Active (CVSAe) with external valve technology, RideSense products deliver optimal control and road-holding capabilities under all types of driving conditions, adapting as road conditions change. These new products connect directly into the OE electronic control unit that is part of the vehicle's OE suspension and mounting locations, offering the same fit and valving to provide performance and durability trusted by OE manufacturers. Each Monroe Intelligent Suspension RideSense product contains a self-lubricating fluid seal to retain gas and reduce excess friction against the chrome-plated piston rod, providing longer shock life through the reduction of premature wear. Each RideSense shock or strut is backed by Monroe's new 5-Year limited warranty*.
18 new RideSense part numbers are now available in the US and Canada with exclusive** coverage for a variety of premium European vehicles. Popular applications include shock absorbers for the 2015-2007 Mercedes Benz C-Class; and 2010-2000 Volvo S60 AWD and 2008-1999 V70 AWD.
"With our newest product offering for select European vehicles, we are pleased to continue expanding the Monroe product line with the introduction of Monroe Intelligent Suspension RideSense shocks and struts," said Joe Robinson, brand director, Monroe. "These new products allow us to bring Monroe's OE electronic technology expertise from our Advanced Suspension Technology Group to the aftermarket repair channel and to offer our customers a better repair option for their premium European vehicles."
To learn more about Monroe Intelligent Suspension RideSense, or Monroe's other ride control products, visit www.monroe.com or contact a Monroe supplier. Connect with Monroe on Facebook, Twitter, YouTube and Instagram.
* Monroe Intelligent Suspension RideSense shocks and struts are warranted against defects and wear-out when used on private passenger cars and light trucks under normal operating conditions for five (5) years from date-of-purchase, provided the original purchaser owns the vehicle on which they were originally installed. Restrictions apply. See www.monroe.com for more information.
**As of July 1, 2022
About Tenneco
Tenneco is one of the world's leading designers, manufacturers and marketers of automotive products for original equipment and aftermarket customers, with full year 2021 revenues of $18 billion and approximately 71,000 team members working at more than 260 sites worldwide. Through our four business groups, Motorparts, Performance Solutions, Clean Air and Powertrain, Tenneco is driving advancements in global mobility by delivering technology solutions for diversified global markets, including light vehicle, commercial truck, off-highway, industrial, motorsport and the aftermarket.
Visit www.tenneco.com to learn more.
CONTACT:
Karen Shulhan (DRiV) – 313.617.2086
karen.shulhan@driv.com
View original content to download multimedia:
SOURCE DRiV | https://www.hawaiinewsnow.com/prnewswire/2022/08/09/monroe-introduces-new-monroe-intelligent-suspension-ridesense-products-premium-european-vehicles/ | 2022-08-09T18:57:13Z | https://www.hawaiinewsnow.com/prnewswire/2022/08/09/monroe-introduces-new-monroe-intelligent-suspension-ridesense-products-premium-european-vehicles/ | false | 13 |
Forward Timo Werner returns to Leipzig after Chelsea stint
LEIPZIG, Germany (AP) — Timo Werner is heading back to RB Leipzig after an underwhelming two-year stint at Chelsea. The Germany forward and the two clubs confirmed the move on Tuesday, with Werner having been left out of Chelsea’s squad for the team’s Premier League opener against Everton on Saturday. Werner became Leipzig’s record scorer in his first four-year stint at the club, netting 95 goals in 159 games. He has also scored 24 goals in 53 internationals for Germany. But he couldn’t replicate that scoring rate at Chelsea where he netted a total of 10 Premier League goals during two seasons at Stamford Bridge. | https://kyma.com/sports/ap-sports/2022/08/09/forward-timo-werner-returns-to-leipzig-after-chelsea-stint/ | 2022-08-09T19:00:12Z | https://kyma.com/sports/ap-sports/2022/08/09/forward-timo-werner-returns-to-leipzig-after-chelsea-stint/ | true | null |
LONDON, United Kingdom, Aug 9 – Toni Minichiello, one of Britain’s leading track and field coaches, has been given a life ban after an investigation found he had engaged in “sexually physical behaviour” with athletes.
But Minichiello, who coached Jessica Ennis-Hill to heptathlon gold at the 2012 London Olympics, responded to Tuesday’s announcement from UK Athletics (UKA) by saying he had been subjected to an “unfair” process, adding in a statement: “I strongly deny all the charges against me.”
Minichiello was also deemed to have made inappropriate sexual references and gestures to athletes and engaged in “inappropriate and sometimes aggressive behaviour, bullying and emotional abuse”.
UK Athletics said the findings, which amount to multiple breaches of its coach licence terms over a 15-year period, “constitute gross breaches of trust” and are of the “utmost seriousness”.
– ‘Demanding not inappropriate’ –
But Minchiello, 56, insisted: “I have been a coach for over 30 years and while I have been robust and demanding, I have not behaved inappropriately towards any of my athletes as very many of them would confirm.”
Minichiello’s coaching licence expired during the disciplinary process, which means he cannot be suspended or subject to a sanction by UK Athletics.
However, the national governing body has said it will not consider any future application made by Minichiello for a coach licence following findings of the “utmost seriousness”.
“They constitute gross breaches of trust by Mr Minichiello which have had severe consequences for the mental health and mental wellbeing of the athletes under his charge,” a statement added.
Officials said issuing a licence to coach was essentially a vote of confidence that the person concerned could be trusted with the athletes under their charge.
“UKA is firmly of the view that there will never be a time in the future at which it would be appropriate to grant that assurance and issue such a licence,” with the statement adding any future application by Minichiello would be refused “in perpetuity.”
The coach, however, said a tribunal had “failed to engage” with the available evidence, with Minichiello saying one of the most serious allegations against him had taken place when he was in a different country to his accuser.
“It is very important UK Athletics respond quickly and seriously to allegations of misconduct, especially when those allegations are made by young people,” said Minichiello.
“However, those investigations and tribunals need to be conducted carefully, with due process and fairly.
“I do not believe I have been treated fairly in this instance.”
Ennis-Hill, while upset by Tuesday’s ruling, insisted she had never been subjected to any inappropriate behaviour by Minichiello.
“Reading the news today about my former coach Toni Minichiello, it is both shocking and upsetting,” she wrote on Instagram.
“The allegations are awful and although I was never on the receiving end of any sexual physical behaviour, any such inappropriate behaviour or language has no place in any coaching or work environment.
“Everyone should feel safe from any form of physical or mental abuse.” | https://www.capitalfm.co.ke/sports/2022/08/09/british-athletics-coach-gets-life-ban-for-sexual-misconduct/ | 2022-08-09T19:00:29Z | https://www.capitalfm.co.ke/sports/2022/08/09/british-athletics-coach-gets-life-ban-for-sexual-misconduct/ | false | 5 |
SOUTHFIELD, Mich., Aug. 9, 2022 /PRNewswire/ -- Monroe® shocks and struts, a leading global brand from Tenneco Inc.'s (NYSE: TEN) DRiV Motorparts group, recently launched new Monroe Intelligent Suspension RideSense™ products in North America. Designed specifically for luxury European vehicles equipped with electronic suspensions, Monroe Intelligent Suspension RideSense is engineered as a direct replacement for OE electronic units, matching their design for an easy, "plug and play" installation while offering a customizable driving experience, from comfort-focused to sport-performance.
Featuring Monroe Intelligent Suspension's Continuously Variable Semi-Active (CVSAe) with external valve technology, RideSense products deliver optimal control and road-holding capabilities under all types of driving conditions, adapting as road conditions change. These new products connect directly into the OE electronic control unit that is part of the vehicle's OE suspension and mounting locations, offering the same fit and valving to provide performance and durability trusted by OE manufacturers. Each Monroe Intelligent Suspension RideSense product contains a self-lubricating fluid seal to retain gas and reduce excess friction against the chrome-plated piston rod, providing longer shock life through the reduction of premature wear. Each RideSense shock or strut is backed by Monroe's new 5-Year limited warranty*.
18 new RideSense part numbers are now available in the US and Canada with exclusive** coverage for a variety of premium European vehicles. Popular applications include shock absorbers for the 2015-2007 Mercedes Benz C-Class; and 2010-2000 Volvo S60 AWD and 2008-1999 V70 AWD.
"With our newest product offering for select European vehicles, we are pleased to continue expanding the Monroe product line with the introduction of Monroe Intelligent Suspension RideSense shocks and struts," said Joe Robinson, brand director, Monroe. "These new products allow us to bring Monroe's OE electronic technology expertise from our Advanced Suspension Technology Group to the aftermarket repair channel and to offer our customers a better repair option for their premium European vehicles."
To learn more about Monroe Intelligent Suspension RideSense, or Monroe's other ride control products, visit www.monroe.com or contact a Monroe supplier. Connect with Monroe on Facebook, Twitter, YouTube and Instagram.
* Monroe Intelligent Suspension RideSense shocks and struts are warranted against defects and wear-out when used on private passenger cars and light trucks under normal operating conditions for five (5) years from date-of-purchase, provided the original purchaser owns the vehicle on which they were originally installed. Restrictions apply. See www.monroe.com for more information.
**As of July 1, 2022
About Tenneco
Tenneco is one of the world's leading designers, manufacturers and marketers of automotive products for original equipment and aftermarket customers, with full year 2021 revenues of $18 billion and approximately 71,000 team members working at more than 260 sites worldwide. Through our four business groups, Motorparts, Performance Solutions, Clean Air and Powertrain, Tenneco is driving advancements in global mobility by delivering technology solutions for diversified global markets, including light vehicle, commercial truck, off-highway, industrial, motorsport and the aftermarket.
Visit www.tenneco.com to learn more.
CONTACT:
Karen Shulhan (DRiV) – 313.617.2086
karen.shulhan@driv.com
View original content to download multimedia:
SOURCE DRiV | https://www.wctv.tv/prnewswire/2022/08/09/monroe-introduces-new-monroe-intelligent-suspension-ridesense-products-premium-european-vehicles/ | 2022-08-09T19:01:29Z | https://www.wctv.tv/prnewswire/2022/08/09/monroe-introduces-new-monroe-intelligent-suspension-ridesense-products-premium-european-vehicles/ | false | 13 |
GRAND RAPIDS, Mich. (AP) — Jury selection started Tuesday in the second trial of two men charged with conspiring to kidnap Michigan Gov. Gretchen Whitmer in 2020 over their disgust with restrictions early in the COVID-19 pandemic.
Prosecutors are putting Adam Fox and Barry Croft Jr. on trial again after a jury in April couldn’t reach a verdict. Two co-defendants were acquitted and two more pleaded guilty earlier.
Dozens of prospective jurors from western and northern Michigan reported to the federal courthouse in Grand Rapids.
“I don’t know if you feel like you won the lottery or just got called to the principal’s office. But either way, welcome,” U.S. District Judge Robert Jonker said.
The plot to kidnap the Democratic governor followed training in Wisconsin and Michigan and two trips to scout her second home in northern Michigan, according to evidence in the first trial.
Fox, 39, lived in the Grand Rapids area and Croft, 46, is from Bear, Delaware. They regularly communicated with other extremists who were angry with Whitmer and various public officials, evidence showed.
“This is not a political forum,” Jonker said during opening remarks to the jury pool.
Convicting or acquitting the men can’t be influenced by “whether you like Governor Whitmer or dislike Governor Whitmer,” the judge said. “It’s not if you think masking mandates or vaccine mandates or any other response was good or bad policy. It’s not a proxy for any of those things.”
The jury will hear secretly recorded conversations and see text messages and social media posts favoring violence. Defense attorneys, however, will hammer away at the credibility of undercover FBI agents and informants who fooled the group into thinking they were allies.
Lawyers for Fox and Croft will argue they were shielded by the First Amendment and entrapped by the government every step of the way.
“Utter nonsense,” Fox’s attorney, Christopher Gibbons, said of a kidnapping plan.
Daniel Harris and Brandon Caserta were found not guilty at the first trial. Ty Garbin and Kaleb Franks earlier pleaded guilty and will testify again against Fox and Croft.
Garbin told jurors at the first trial that the goal was to cause national chaos with a kidnapping close to the election between Joe Biden and then-President Donald Trump.
Whitmer, who will not be called as a trial witness, disclosed Monday night that she tested positive for COVID-19 for the first time and was experiencing mild symptoms. In a recent interview, she said she believes she was the target of an “assassination plot,” not just a kidnapping.
“No one talks about it that way,” Whitmer told The Washington Post.
___
White reported from Detroit. Cappelletti is a corps member for the Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.
___
Find AP’s full coverage of the Whitmer kidnap plot trial at: https://apnews.com/hub/whitmer-kidnap-plot-trial | https://www.cbs17.com/news/jury-selection-begins-in-2nd-trial-in-whitmer-kidnap-plot/ | 2022-08-09T19:02:58Z | https://www.cbs17.com/news/jury-selection-begins-in-2nd-trial-in-whitmer-kidnap-plot/ | true | 32 |
British Columbia is increasing funding incentives for businesses to $10 million to develop products to reduce plastic pollution.
Environment Minister George Heyman says the province is a North American leader in plastic recycling and the government’s CleanBC Plastic Action Fund is looking for more innovations to cut plastic pollution.
He says the province provided funding last year to businesses for nine plastic reduction projects that included turning old car batteries into new ones and using artificial intelligence to sort plastics at recycling facilities.
Heyman says B.C. companies are already looking to expand plastics-related recycling opportunities that include electric vehicle batteries, mattresses and medical equipment.
Clark Chow, president of B.C.-based Plascon Plastics, told a news conference the government funding helped the company create the first child-safe cannabis container made from 100 per cent recycled plastic.
The projects to be selected for the funding will be based on their ability to reduce the use of new plastic or increase the use of post-consumer recycled plastic. | https://globalnews.ca/news/9047752/bc-fund-cuts-plastic-pollution-minister/ | 2022-08-09T19:05:32Z | https://globalnews.ca/news/9047752/bc-fund-cuts-plastic-pollution-minister/ | true | 6 |
HAVANA — Flames engulfed a fourth tank at an oil storage facility in western Cuba on Tuesday as the raging fire consumes critical fuel supplies on an island grappling with a growing energy crisis.
Firefighters and specialists from Mexico and Venezuela helped fight the blaze in the province of Matanzas with boats, planes and helicopters as they sprayed foam on the containers, a first for crews since broiling temperatures had prevented them from doing so earlier.
Cuban President Miguel Díaz-Canel said crews have taken control of the area where the fire is burning and are taking further steps to quell it.
"They are not easy tasks," he said. "It is an intense and complex incident."
The fire at the Matanzas Supertanker Base has killed at least one person and injured 125 others, with another 14 firefighters still missing. It also forced officials to evacuate more than 4,900 people and shut down a key thermoelectric plant on Monday after it ran out of water, sparking concerns about additional blackouts.
Those injured were treated mostly for burns and smoke inhalation. More than 20 remain hospitalized, with five of them in critical condition.
"This situation has us very worried at the moment because there are problems with electricity, with the environment, with the people who are still living here," said Adneris Díaz a 22-year-old cafe owner.
The eight-tank facility plays a crucial role in Cuba's electric system: it operates an extensive oil pipeline that receives Cuban crude oil that is then ferried to thermoelectric plants that produce electricity. It also serves as the unloading and transshipment center for imported crude oil, fuel oil and diesel.
The facility caught on fire late Friday after lightning struck one of its tanks, sparking several explosions as it spread over the weekend. The first tank was at 50% capacity and contained nearly 883,000 cubic feet (25,000 cubic meters) of fuel. The second tank was full.
Officials have yet to provide an estimate of damages.
The blaze comes just days after the government announced scheduled blackouts for the capital of Havana amid a sweltering summer.
"The economic effects are clear," said Tahimi Sánchez, a 48-year-old cafe owner. "They are there, we will notice them and we will see them, but we are confident, and we are going to come out of all this well."
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.kvnf.org/npr-news/2022-08-09/a-raging-fire-at-a-cuban-oil-facility-worsens-the-islands-energy-crisis | 2022-08-09T19:06:35Z | https://www.kvnf.org/npr-news/2022-08-09/a-raging-fire-at-a-cuban-oil-facility-worsens-the-islands-energy-crisis | false | 27 |
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In 2001, Allison Felix joined Cassaday & Company as executive assistant to the president and CEO. Five years later she became director of business management and in 2011 she was promoted to chief operating officer. Today, Felix is COO and managing partner, tasked with helping the McLean, Va.-based firm scale operations and achieve its strategic vision.
Founded in 1993, Cassaday has roughly 80 employees, serves 2,700 households, and has $4.3 billion in assets under management. In December 2021, Cassaday joined Focus Financial Partners‘ (ticker: FOCS) network.
On this The Way Forward podcast, Felix discusses her journey to COO and shares valuable lessons she has learned that can help COOs as well as those that aspire to become one or hire one. She also explains:
- Why being “brutally honest” as COO is so important. “I think that you are there as the COO to challenge the person who has been there for a long time and give them sanity checks and really develop a relationship where you can be brutally honest.”
- The importance of being discrete as COO. “I find that the biggest trust development is being a confidential resource…You’re a sounding board at multiple levels and you have to be extremely careful and cautious around the information that you are privy to and where you’re sharing it, and how, and what makes the most sense.”
- The importance of setting and meeting targets. “Be careful about what you commit to. Be careful about your timelines. Be realistic. Don’t come in and promise the world just to make it sound good that you’re the Jack of all trades who could do everything and never sleep at night.”
- Why the COO role requires total commitment. “You have to be willing to do everything that is asked of you—operationally, back-office technology, marketing, and everything in between.”
- The importance of being constantly curious. “Ask questions. Don’t assume you know anything. When you think you’ve exhausted all the questions, ask more questions.”
You can also read the transcript below:
This is Greg Bartalos for Barron’s The Way Forward. My guest today is Allison Felix, COO of Cassaday & Company. Today, we’re going to focus on operations and how advisors can ensure that their businesses are being run optimally, Allison, welcome.
Allison: Thank you. Appreciate being here.
Greg: My pleasure. I’m glad you could make it. You’ve been with Cassaday for over 20 years and you have seen a lot. You know the institution very well, its history and personnel. You’ve seen it through all forms of its existence. Tell me about what it’s like being COO. What is your job like? And importantly, too, what should listeners know when hiring a COO? And also if they don’t have a COO, how can they delegate those responsibilities? There’s a lot to tackle but we’ll do a deep dive on all things operations.
Allison: I’m in that space. I hope I know it well and can speak to all of those questions. And so the first question is how do you approach being a COO? And for me, if everything in the firm is operating as it should, then goal attainment should be your number one objective. And so whether it’s the firm’s goals, the team’s goals or individual role and position goals, the COO is there to make sure all of that’s happening, understanding key performance indicators, understanding what people need and what might be getting in the way of that, that coupled with taking the operational management off of whether it be a CEO role, a founder, a lead advisor, the COO is there to be the yin to the yang for that person.
And so if you recognize that you’re equivalent as a need in the firm, but that your strengths play off their weaknesses and vice versa. And so for me, that’s how I tackle the operations and COO role. It’s so critical to the firm and yet for many, many years, I was not that title. And so it can kind of speak to your question about if firms are smaller, practices don’t have that titling. How do you accommodate the needs of the practice? And so for me, I came in with a dual role. And so I was the administrative assistant to our then CEO and was also what they called at the time, the business manager. I did the bills and the payroll and sort of an amalgamation of accounting and HR and all those detail-oriented things that just need to be done.
And so what’s critical for the firm and for what we look for in quality employees is innate abilities that can’t be trained because you can train them on the technical skills. And so finding someone who is willing to push up their sleeves and get in there and just do what’s asked of them. And when that happens, you start developing a trust between you and that employee, and you start looking at them with a different mindset. We at Cassaday and Company are really honed in on who we believe future leaders of the firm are. And so that may not be tomorrow or next year but within the next five years. And so how do we embrace that? How do we talk to them about their career pathing? What interests them? If you can ask somebody, what do they enjoy doing?
And they hear in your voice that it’s not just about what you need them to do, you’ve created an entirely different relationship there. And that’s what Steve Cassaday did with me. I may have had a title that was administrative assistant, but I was well beyond that. And so we worked together and he eventually approached me a decade or so into the role and said, you know, hey, I think you’d be really good for this as we continue to grow. That was really just the push that I needed. I entered next an MBA program and sort of those more technical educational skills that come along with developing just a confidence level and trust from your peers and others in the firm who might have seen you come up from a different position. So that’s a little bit about my story, but also a little bit about how a COO at a firm can be developed even if you are not yet ready to have a position titled that.
Greg: Right. You look for the characteristics, but to put a finer point on those characteristics, you mentioned future leaders. What are some other things that you would see in a potential future leader? What attributes? Hustle, intelligence, high EQ, et cetera.?
Allison: Sure. I mean, all of those things combined. For us, it’s willing to go that extra mile. We often will bring people in and say, here’s the general framework of what we need from you, but we’re not going to micromanage you. And we want to see how you tackle that role. And what do you put of yourself into it? We have a unique structure at Cassaday and Company where everyone in the firm is paid a percent of our firm revenue. When you compensate people like entrepreneurs, they start thinking and leaning towards a more entrepreneurial mindset. And so the people who take to that way of operating they’re invested, they put in their all. They don’t look at the clock. They’re interested in a career, not a job. And so for us, those people start shining. They go above and beyond. They say, you know what’s not being done but wasn’t assigned to me and I’m just gonna make it happen. That’s that grit and sort of ownership is what we like to call it. And just making the role your own and really why we have so many people at the firm who like myself have gone from one role into a much more graduated role and have significant tenure at a firm that has rewarded them for those kinds of behaviors.
Greg: And what do some of the best COOs do today, which might overlap a little with what we just talked about, but in terms of execution on a fairly high level, are there any other things you could add to that?
Allison: I mentioned this earlier today to somebody else. The COO role is tough because there’s no peer equivalent at your firm. And so you have to seek those people out, whether it’s at a Barron’s conference. In 2008, I started a group of female COOs in the local Washington DC area. And so getting people together and talking about those experiences, but regardless of industry, I have found that the core skills of a COO are I’m just gonna do it. I don’t look to someone else to do it until it’s time to say, okay, here’s a delegation opportunity. Here’s a role change opportunity. You have to be willing to do everything that is asked of you—operationally, back-office technology, marketing, and everything in between.
I’ll go back to the achievement of goals. If you are a firm that is looking to be not only successful, but successful enough to have someone in a COO position, it’s because you set the goals that got you there, and you had the team rally around those goals to get there. And so the COO is the one who is making sure those don’t get tossed by the wayside. We all get busy with our day to day. Clients are calling in, tax season rolls around, year-end comes to fruition. We find that if we’re not really diligent about having our goals being managed this is where a leadership team for the firm has come into play. Executive coaching has come into play. And so I find that regardless of industry, when I’m talking to COOs it’s, how are they just making sure that everything is still continuing forward, the train doesn’t have the wheels falling off, sort of all of those objectives.
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Greg: So based on what you said, it seems that one constant in this position over the years is being a self starter, being organized, being thorough, paying attention to detail. But I’m curious now what has changed and, and maybe to what extent, if any, has technology made the job easier and or harder. There are many more moving parts, right?
Allison: There are. It’s a great question. There is technology in the sense that, you know, my IT guy comes when I can’t figure out why my computer is not working, and then we’ve got a whole another route, which is frankly data management and databases. And so when you couple those things you’re talking about technology in a pretty expansive space. We have found that though there are a lot of great technologies, especially for this industry, they don’t always do what we want them to do. They’re built for the masses. And if you want a customized product, you really have to kind of define that yourself. So we’ve brought some people in who know how to code, know how to manage data. And so back to those skills of diligence, attention to detail, really being kind of in the weeds on some things. As a COO you’re often, like I said, the yin to the yang of the other person.
And so if you’re dealing with someone who’s a salesperson, a people person, a rainmaker, they’re not the type of person you want in the weeds and managing the details. So I would say that technology has vastly improved how we run as a firm. I think that anyone who came out of the pandemic unscathed, if you will, not traumatized by the amount of working from home and schooling our children and those kinds of things, realizes that actually technology has made so much more possible for us. We had one of our best years ever, and we weren’t even able to do the vast majority of in person marketing that we had ever done in previous years. So to the credit of IT teams, who said, you know, maybe you’re not comfortable meeting with a client over a camera, but we had that introduction years ago.
And so when the pandemic rolled around, we were already prepared. Now, maybe some were more comfortable than others. But technology also brought so many more systems to the landscape. And so whether it’s a CRM system, a portfolio trading rebalancing system, a client portal you know, somebody was mentioning today how they use Teams in conjunction with a Zoom meeting. There’s so much there, but as an ops person, you have to know enough to be dangerous in all of those areas so that you can help manage the people who are doing that. And I find that the subject matter is less important than being a sounding board, someone to help them weed through their emotions and priorities. If you come to me and say, here are the six things that people are demanding of me. Okay, well, let’s talk through why those are important. Who are they important to? And what’s the timeline we’re working with? Regardless of subject matter a COO can do that. A good COO can do that because it’s really more about emotional intelligence and organizational intelligence in terms of managing people.
Greg: And having a holistic awareness of the organization, it’s history, the values, all of it.
Allison: Back to the goals, right? We set annual goals that everybody participates in. Our entire firm has a role in that. And so when you can keep that forefront to everybody’s mind and ask the question, does this support the goal that we’re trying to achieve, then it becomes that much more clear. Sometimes they just need someone to help them get out of their own way. There’s a coaching element to the COO role.
Greg: It’s amazing how many jobs seem embedded in the COO role. You wear so many hats. You’re a psychologist, you’re a strategist, you’re this, you’re that. And it all comes together. It’s got to make the job interesting, I guess, because every day you’re going to lean on different skills.
Allison: A hundred percent. I never quite know how to react when people say to me, I would never want your job. And you know, I think, but I wouldn’t want any of the other jobs. I enjoy coming in and maybe not knowing what the day is going to present me. That never looks the same. I literally can go from one meeting about technology to the next meeting about a client experience, to the next meeting about our accounting and where our financials are. And so having to have that level of oversight for the organization and strategic thinking and saying, how do these all play a role together? And then how do you get those people to work together? So I do think Jack of all trades is a great way to describe it.
And most of the time, that’s why I think that internally promoting your COO is of some greater value than bringing in one from the outside. And I’m not knocking bringing in outside experience, but there has to be a level of trust in your COO at having experienced boots on the ground. For years I sat within earshot of our directors of client service. I never did their job, but I learned enough by being around them and picking up from them what the job entailed to be able to not only manage client service, but also when we developed a distinct onboarding team exclusively for bringing in new assets, adding a financial planning team, an insurance and annuities team an estate planning team, all of that goes back to service and keeping the clients happy. I think that there’s a real level of importance of having somebody knowing your culture and your mission, regardless of where they come from.
Greg: Right. I think the argument of having a fresh set of eyes in a business does make sense. There is a lot to be said for that, but I would say up to a point because you can have someone parachute into a new business they don’t know. And in two weeks they think they understand it and have all the answers and they come out guns blazing with proposals and ideas. And then if their ideas are not instituted, they think, oh, these fuddy duddies aren’t hip to my brilliance. And in reality, there are often some political realities. You have to understand what’s a reach? What’s a given? What’s a no go and navigate all that while trying to figure out that tension. And with a little time you’ll know how to navigate and get stuff done. You can be far, far more effective than not knowing who are the power players, who are the centers of influence and whatnot.
Allison: Education is just another component of a COO role. You’re educating a new person and a new hire saying, well, how am I able to get my ideas implemented? Why are my decisions not going the way that I want them when we’re at that ownership decision-maker level? We are thoroughly embedded with outside coaches. And so when you talk about that extant viewpoint we think that’s critical whether it’s on our sales process, interpersonal dealings, or the formation of our leadership team. We also have a client advisory board. You can’t take enough from outside influence, but when it comes to making sure everybody’s rallied around doing the same thing, and that doesn’t mean that everything I try to get done is supported, but you figure out how to work within the framework and with the personality types and the limits. And, maybe there’s a compliance reason that something can’t get done, but for sure, trust is huge in that role.
Greg: For each firm, there’s a unique corporate DNA and value system, et cetera. So what works and doesn’t work might vary, but are there any hard and fast rules about things that do and don’t work or common mistakes that COOs make over and over that are entirely preventable?
Allison: I think it could go both ways. I think, as you mentioned, coming in like a bull in a china shop and trying to get your plans implemented with a very short window of experience and trust is certainly something that’s not going to work for you. I’m not gonna say that there are people who get to the COO level who are often of that ilk, because I think that you have to work towards the trust levels that would even get you into that category of consideration. I think it goes the other way. I think there can be opportunities where a COO type might think that they’re backseat to the owner, the founder, name sort of the leader at the organization. And I actually think that those seats are on par.
I think that you are there as the COO to challenge the person who has been there for a long time and give them sanity checks and really develop a relationship where you can be brutally honest. And that’s what has worked with myself and our CEO. And if you don’t feel that confidence that you can challenge someone else’s ideas all within the right time, the right opportunity. I have enough sense to know when I should bring something up and when I shouldn’t, and I think that it’s the personal dealings, it’s understanding the people you’re dealing with that will get your operational objectives,
Greg: And when someone begins a COO job, would you recommend that the COO and their boss basically make all this very explicit? What’s the hierarchy? What are the expectations? So you don’t want any hurt feelings,
Allison: A hundred percent. And I think that what has come from the experiences that I’ve had with coaching is that when you set proper expectations for any role coming in, you have set the stage for a far better relationship. If you are trying to be nice and tiptoe around someone’s feelings, maybe you say things that you don’t wanna disappoint someone. This is off course just slightly, but in hiring post pandemic, the inevitable question is, well, how many days do I have to be in the office? I don’t want anyone to be less than truthful about that. If this is a five day a week job but it takes us 10 weeks to find the person that will fill that role then fine, because the expectation was set up up front.
I don’t want to go in and tell anyone, well, you could come in one or two days a week. Maybe. We’ll work it out. That is never going to work well in your favor because you’ve now set a different expectation for the person on the other end than you have in your head and with the leadership. We have multiple owners at Cassaday and Company, so I’m interfacing with them at all different levels. If we’re not honest with each other, then we’re not gonna be moving towards attaining the goals that we’ve set and getting them what they need from the support staff.
Greg: You’ve mentioned the word trust a few times. I would think that some amount of trust might be built by virtue of how long someone has been at a firm, but that’s not the only input. Besides length of tenure at a firm, what other things can a COO do that would manifest in more trust amongst the employees?
Allison: I think meeting what you say you’re going to do. It goes back to the setting of expectations. If I say I’m going to deliver on something at a certain time, I need to do it. That doesn’t mean life doesn’t get busy. It doesn’t mean that you’re never going to fail at that. But if you are coming in someplace new and you don’t have the tenure on your side that has helped with that trust, it’s gotta be everything that you say you will do, you have to do it. So, lesson learned, be careful about what you commit to. Be careful about your timelines. Be realistic. Don’t come in and promise the world just to make it sound good that you’re the Jack of all trades who could do everything and never sleep at night. You have multiple ways in which trust can be developed.
I find that the biggest trust development is being a confidential resource. As a COO —I’ve mentioned the HR coach educator—you’re a sounding board at multiple levels and you have to be extremely careful and cautious around the information that you are privy to and where you’re sharing it, and how, and what makes the most sense. I can only speak from being in a firm that I have been at a very long time and kind of growing into that COO role, but I can imagine that coming in from a place being brand new, promising delivering what you promise, not overcommitting yourself and then adhering to those sort of confidentiality pieces are three huge components that would build trust if you don’t have the tenure there to stand behind.
Greg: Let’s wrap up here with an actionable idea.
Allison: One of the things that we had not touched on, but Cassaday recently went through M&A activity. We developed a partnership with an outside entity. And so my actionable item, I think, is applicable for any new project that you are approaching, whether you’re COO, whether you’re a business manager or whatever position you hold within a firm. Ask questions. Don’t assume you know anything. When you think you’ve exhausted all the questions, ask more questions. Get your personal and professional advisors in your life to help you ask more questions. We not only acquired a very small practice at the beginning of the pandemic, but we entered a partnership and I would venture to say, we’ve only scratched the surface of the things that we have begun to learn about what our future is going to look like. And so never assume anything and ask questions is really my best takeaway for your listeners, because I think it’s just applicable to any position within the firm and all of your audience.
Greg: It’s been a distinct pleasure. Thank you so much for joining.
Allison: Thanks for having me.
Greg: My guest was Allison Felix, COO of Cassaday & Company. For more advisor specific podcasts, please check out Barrons.com/podcasts. For The Way Forward, I’m Greg Bartalos. | https://www.barrons.com/advisor/articles/podcast-coo-allison-felix-cassaday-ria-51660064654 | 2022-08-09T19:07:25Z | https://www.barrons.com/advisor/articles/podcast-coo-allison-felix-cassaday-ria-51660064654 | true | 1 |
ISLAMABAD (AP) — Pakistani police Tuesday arrested a prominent politician from the party of former Prime Minister Imran Khan on charges of attempting to incite soldiers to revolt against the top military leadership.
The arrest of Shahbaz Gill, chief of staff at Khan's Tehreek-e-Insaf opposition party, was quickly condemned by party officials, including Khan, who took to Twitter to denounce Gill's arrest.
“This is an abduction, not an arrest. Can such shameful acts take place in any democracy? Political workers (are) treated as enemies. And all to make us accept (a) foreign-backed government of crooks," he tweeted..
The charges against Gill carry up to a death sentence if he is found guilty.
Gill’s arrest came a day after he appeared on the country’s ARY news channel and spoke at length about the current political situation. In it he urged troops up to the brigadier level not to accept any illegal order from the top military leadership.
It was unclear what prompted him to make such a comment, which stunned the government of Prime Minister Shahbaz Sharif, who replaced Khan in April. Khan’s government was ousted through a no-confidence vote.
Gill in his remarks Monday implied that soldiers up to brigadier-level officers are Khan supporters and only some generals oppose Khan and his party. Pakistan's media regulator suspended ARY TV operations for broadcasting Gill's remarks. Pakistan's media regulatory authority in a notice to ARY sought an explanation from it for broadcasting “hateful, seditious and malicious content." ARY TV is widely known to be a supporter of Khan and a critic of the country's powerful military as well as Prime Minister Sharif's government since Khan's government was ousted.
On Tuesday, Pakistan's Interior Minister Rana Sanaullah said Gill was arrested on treason charges because he attempted to incite people and troops against state institutions, a reference to the country's armed forces.
Sanaullah accused Khan of trying to create a division within the military since his ouster as premier.
Khan in recent speeches at rallies has repeatedly blamed the country’s army chief Gen. Qamar Javed Bajwa for allegedly taking part in an alleged U.S. plot aimed at ousting him. Washington and the army have denied the charge.
Gill was to appear before a judge Wednesday and his lawyers are likely to seek his bail. | https://www.theintelligencer.com/news/article/Pakistan-arrests-close-aide-to-ex-PM-Khan-on-17362192.php | 2022-08-09T19:10:08Z | https://www.theintelligencer.com/news/article/Pakistan-arrests-close-aide-to-ex-PM-Khan-on-17362192.php | true | 10 |
PITTSBURGH, Aug. 9, 2022 /PRNewswire/ -- "I'm a distributor of key chain tags at an auto dealership and I thought there could be a way to simplify the process," said an inventor, from Lee's Summit, Mo., "so I invented the E Z KEY TAG. My design saves time, it eliminates confusion and it ensures that there is enough room to write down the VIN number."
The patent-pending invention provides an improved key tag system for automotive dealerships. In doing so, it ensures that the written information is clearly displayed. As a result, it saves time and effort and it helps to prevent confusion and mistakes. Additionally, the invention features a simple and user-friendly design that is easy to use so it is ideal for automotive dealerships.
The original design was submitted to the Jackson sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-JKK-136, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com.
View original content to download multimedia:
SOURCE InventHelp | https://www.fox19.com/prnewswire/2022/08/09/inventhelp-inventor-develops-improved-key-tag-system-car-dealerships-jkk-136/ | 2022-08-09T19:11:41Z | https://www.fox19.com/prnewswire/2022/08/09/inventhelp-inventor-develops-improved-key-tag-system-car-dealerships-jkk-136/ | false | 1405 |
NEW YORK, Aug. 9, 2022 /PRNewswire/ -- Juan Monteverde, founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securities firm rated Top 50 in the 2018-2021 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Atlas Air Worldwide Holdings, Inc. (AAWW), relating to its proposed acquisition by investors led by Apollo Global Management Inc. Under the terms of the agreement, AAWW shareholders are expected to receive $102.50 in cash per share they own. Click here for more information: https://www.monteverdelaw.com/case/atlas-air-worldwide-holdings-inc. It is free and there is no cost or obligation to you.
We are a national class action securities litigation law firm that has recovered millions of dollars and is committed to protecting shareholders from corporate wrongdoing. We were listed in the Top 50 in the 2018-2021 ISS Securities Class Action Services Report. Our lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions. Mr. Monteverde is recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017-2019, an award given to less than 2.5% of attorneys in a particular field. He has also been selected by Martindale-Hubbell as a 2017-2021 Top Rated Lawyer. Our firm's recent successes include changing the law in a significant victory that lowered the standard of liability under Section 14(e) of the Exchange Act in the Ninth Circuit. Thereafter, our firm successfully preserved this victory by obtaining dismissal of a writ of certiorari as improvidently granted at the United States Supreme Court. Emulex Corp. v. Varjabedian, 139 S. Ct. 1407 (2019). Also, in 2019 we recovered or secured six cash common funds for shareholders in mergers & acquisitions class action cases.
If you own common stock in AAWW and wish to obtain additional information and protect your investments free of charge, please visit our website or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.
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jmonteverde@monteverdelaw.com
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Attorney Advertising. (C) 2022 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.
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SOURCE Monteverde & Associates PC | https://www.walb.com/prnewswire/2022/08/09/investor-alert-mampa-class-action-firm-announces-investigation-atlas-air-worldwide-holdings-inc-aaww/ | 2022-08-09T19:14:01Z | https://www.walb.com/prnewswire/2022/08/09/investor-alert-mampa-class-action-firm-announces-investigation-atlas-air-worldwide-holdings-inc-aaww/ | false | 795 |
Baby diagnosed with rare genetic mutation with no cure or treatment
LAS VEGAS (KVVU/Gray News) – A baby in Las Vegas is fighting to survive after a mysterious illness turned her family’s life upside down.
Josette Gentile told FOX5 her daughter, Isla, was a dream baby for the first few months of her life, but she became concerned when the infant wasn’t able to hold up her head.
“Her eyes just didn’t focus like a usual baby does at four months old,” Gentile said.
That started months of testing, but Gentile said everything kept coming back normal. Doctors were stumped as to the diagnosis.
Things got worse and Isla stopped eating and had no energy.
“I took her to the ER. They did a bunch of tests and said everything was normal. Sent us home again and two days later I’m like, ‘I don’t care what that doctor said, I know something is wrong with my baby,’” Gentile said.
She took Isla to Summerlin Children’s Hospital where doctors said she had a bladder infection that had turned to sepsis and explained something was also wrong with her brain.
They were life-flighted to Children’s Primary Hospital in Salt Lake City, where a team of doctors solved the mystery of what was making Isla so sick.
“One of her genes has two mutations. It’s her FDXR gene. Only 35 people in the world have this mutation. Her specific mutation, the location in the gene and everything, she is the only one in the world known to have it,” Gentile explained.
The mitochondrial disease means Isla’s body cannot produce enough energy to function properly. Gentile said her daughter has regressed to almost like a newborn.
“It’s just flipped our lives completely upside down. This is our 21st day in the hospital,” Gentile said.
There is no cure and no treatment. Doctors put Isla on a regimen of vitamins in hopes of boosting her energy.
“What that is going to do is just make her more comfortable,” her mother explained.
The disease will continue to get worse until Isla’s body can no longer handle it. The family plans to come back to Vegas if and when Isla is stable enough to travel.
Copyright 2022 KVVU via Gray Media Group, Inc. All rights reserved. | https://www.fox19.com/2022/08/09/baby-diagnosed-with-rare-genetic-mutation-with-no-cure-or-treatment/ | 2022-08-09T19:20:01Z | https://www.fox19.com/2022/08/09/baby-diagnosed-with-rare-genetic-mutation-with-no-cure-or-treatment/ | false | 12 |
What is this pyramid-shaped facial recognition scanner doing in Montreal? (VIDEO)
A large pyramid-shaped machine has popped up in the heart of downtown Montreal and it’s got a lot of people talking.
The bizarre-looking interactive device uses cameras and screens which allow its facial detection software to analyze physical information about you, such as your age.
A new TikTok video with the caption “Black Mirror” shows the technology being used by people passing by.
@djrealreezy This some of the weirdest shit ever lol no wonder it was in Canada 🤣 Black Mirror in REAL LIFE #blackmirror #netflixshows #pyramid #illuminati #pyramidscheme #arizonadj #cfl #canadianfootballleague #montreal #montrealcanada #canadalife #canada_life🇨🇦 #fyp #conspiracy #conspiracytiktok #whatsgoingon #explainthis #foryoupage ♬ original sound – djrealreezy
As the video went viral, Twitter users began to share their thoughts and theories on what it could be.
Big brother has been here watching your every move since you were born they know everything about you
— Dieselfreak2020 (@Dieselfreak2020) August 8, 2022
Hunger Games AHEAD
— MrsCaliBlonde™ (@CaliBlondeLady) August 8, 2022
Illuminaty pyramid with the all seeing eye. They don’t even hide it anymore.
— toozombi🇨🇦🇨🇦🚛🚚 (@toozombi) August 8, 2022
While it has the makings of some dystopian conspiracy, in reality, the device — called The Compassion Machine — is no mystery at all.
It’s actually an art installation that has been set up across from the Saint Laurent Metro station multiple times since it was first launched by the Ensemble Ensemble group back in 2017.
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In fact, the National Film Board of Canada even produced a video explaining the artistic intention behind the machine. As a response to the “everyday suspicion” brought upon by mass surveillance, The Compassion Machine aims to give people a “personalized prediction” of their likelihood to do good.
This explains the cartoonishly large surveillance cameras and all-seeing eye symbolism present on the device.
But in all fairness, it’s understandable if it still gives you the creeps. | https://dailyhive.com/montreal/pyramid-facial-recognition-compassion-machine | 2022-08-09T19:20:24Z | https://dailyhive.com/montreal/pyramid-facial-recognition-compassion-machine | false | 1 |
This Is The Biggest Lottery Win In Colorado
By Zuri Anderson
August 9, 2022
It's always heartwarming to see people win life-changing amounts of money from the lottery. While most winners take home thousands to hundreds of thousands of dollars, there have been some high-profile jackpots in U.S. history. We're talking huge Powerball or Mega Millions tickets worth hundreds of millions of dollars, sometimes billions.
Jackpocket got curious and found out who scored the fattest lottery prize in every state. Writers say the list "counts the biggest prizes won on a single ticket (no sharing!) in each state."
The biggest lottery prize in Colorado's history is a Powerball ticket worth $133 million!
The lucky winner was 67-year-old Judy Finchum, a mother who lives in Grand Junction. What makes her September 2017 win amazing is that she's been playing the same numbers for 30 years, which are made up of birthday numbers from various relatives. She learned she won the morning of her dog Tillie's birthday.
"We stumbled down the hallway together and I said, 'Now look at these numbers and look at the numbers on the ticket and are those the same?'" Finchum told reporters, per ABC News. "My husband was Mr. Calm and says, 'Yes they are.'"
Finchum purchased her winning ticket from Lucky Me on Patterson Road in Grand Junction. She decided to take home a lump-sum cash payment of $84,607,397 after taxes.
Check out Jackpocket's full list of historic lottery winners on their website. | https://www.iheart.com/content/2022-08-09-this-is-the-biggest-lottery-win-in-colorado/ | 2022-08-09T19:23:23Z | https://www.iheart.com/content/2022-08-09-this-is-the-biggest-lottery-win-in-colorado/ | true | 1 |
Evening Also Celebrates the Top R&B/Hip-Hop Songwriters, Producers and Music Publishers on Wednesday, September 7 in Miami, FL
NEW YORK, Aug. 9, 2022 /PRNewswire/ -- BMI (Broadcast Music, Inc.) will honor the multiple award-winning songwriter/rapper/producer and actor Busta Rhymes with the BMI Icon Award at its 2022 R&B/Hip-Hop Awards on September 7. The private event, held at the LIV Nightclub Miami Beach, will be hosted by BMI President & CEO Mike O'Neill and BMI Vice President, Creative (Atlanta) Catherine Brewton.
"As one of the pioneers of hip-hop, we are excited to honor Busta Rhymes as a BMI Icon," said Brewton. "Through his award-winning solo work, countless collaborations and acting, Busta is a true innovator in every sense of the word and has made a dynamic impact on legions of fans and music creators worldwide. His quick wit and intricate rapping style have made him legendary, inspiring many young performers to follow in his footsteps. We're also thrilled to be back in person in Miami, celebrating our top music creators behind some of today's most-performed songs. We're looking forward to a fantastic night of great music."
Throughout the evening, BMI will also salute the songwriters, producers and music publishers of the past year's 35 most-performed R&B/Hip-Hop songs in the United States from BMI's repertoire of more than 18.7 million musical works. The BMI R&B/Hip-Hop Songwriter, Producer and Publisher of the Year will also be named during the ceremony.
Rhymes launched his musical career in the early 90s with the hip-hop crew Leaders of the New School. He moved on to become an in-demand collaborator, appearing on numerous tracks for other artists before he officially went solo in 1996 with his massive hit, "Woo-Hah!! Got You All in Check." The single was quickly certified platinum, earning him his first GRAMMY nomination. Throughout the '90s and 2000s, he was a creative force, topping the charts, including debuting at number one in 2006 with his seventh studio album, The Big Bang. Several of his hit songs, such as "Put Your Hands Where My Eyes Can See," "Break Ya Neck," "Dangerous," "Gimme Some More" and "What's It's Gonna Be?," featuring Janet Jackson, became hip-hop anthems, solidifying his place as one of the most in-demand rappers in the industry. In 2020, he independently released the critically acclaimed ELE 2: The Wrath of God, with NME saying it was "arguably one of the best-produced hip-hop albums of the last five years."
Throughout his career spanning over three decades, Rhymes has received numerous accolades and awards, including six BET Awards, eight BMI Awards, a Billboard R&B/Hip-Hop Award, a Soul Train Award, as well as 12 GRAMMY and 16 MTV Video Music Award nominations.
Beyond his work in music, Rhymes has appeared in several films and television series, including in Shaft, Finding Forrester, Master of None, The Rugrats Movie, and he competed in The Masked Singer on FOX.
The BMI Icon Award is presented to songwriters, composers or producers who have distinctly and profoundly influenced the music industry, leaving an indelible and unique influence on generations of music makers. As the 2022 honoree, Busta Rhymes joins an elite group of music creators who have received BMI's highest honor. Previous recipients include Janet Jackson, Patti LaBelle, Nile Rodgers, Snoop Dogg, The Jacksons, LA Reid, Babyface, Al Green, Isaac Hayes, James Brown and more.
For more information on the BMI R&B/Hip-Hop Awards, visit https://www.bmi.com/genres/rb_hiphop and use hashtag #BMIRnBHHAwards on social.
A post event press release, photos and video will be serviced after the event.
Celebrating over 80 years of service to songwriters, composers, music publishers and businesses, Broadcast Music, Inc.® (BMI®) is a global leader in music rights management, serving as an advocate for the value of music. BMI represents the public performance rights in over 18.7 million musical works created and owned by more than 1.2 million songwriters, composers, and music publishers. The Company negotiates music license agreements and distributes the fees it generates as royalties to its affiliated writers and publishers when their songs are performed in public. In 1939, BMI created a groundbreaking open-door policy becoming the only performing rights organization to welcome and represent the creators of blues, jazz, country, and American roots music. Today, the musical compositions in BMI's repertoire, from chart toppers to perennial favorites, span all genres of music and are consistently among the most-performed hits of the year. For additional information and the latest BMI news, visit bmi.com, follow us on Twitter and Instagram @BMI or stay connected through Broadcast Music, Inc.'s Facebook page. Sign up for BMI's The Weekly™ and receive our e-newsletter every week to stay up to date on all things music.
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SOURCE Broadcast Music, Inc. | https://www.wbko.com/prnewswire/2022/08/09/busta-rhymes-be-honored-bmi-icon-2022-bmi-rampbhip-hop-awards/ | 2022-08-09T19:25:47Z | https://www.wbko.com/prnewswire/2022/08/09/busta-rhymes-be-honored-bmi-icon-2022-bmi-rampbhip-hop-awards/ | true | 11 |
Safely nokia It is one of those technology brands that arouses more nostalgia among people, especially those who are part of the generation x and the oldest of the millennials.
And that is why a lover of DIY and gadgets decided to create a cell phone that in its structure is a Nokia 5110 but it works like a android modern, yes, not the latest versions but in any case, it is a smartphone.
Even the brand itself has been aware that its models from the 90s and early 2000s arouse a special feeling among Internet users, becoming icons of pop culture, such as the Nokia of Matrix.
However, in this case, for the design and creation of this device, the mobile device company was not involved, but rather, as already mentioned, it was an independent idea of an inventor by hobby, which demonstrates the great fanaticism with both Nokia and Nokia. Android.
The creator in question has a YouTube channel called “befinitive” where did you upload the video in which recounts and details the process he went through to transform a classic communicator from the 90s into an Android smartphone.
To begin with, the creator of this artifact removed the back of the old phone and placed a small cell phone right in the battery area, exactly a Soyes XS11 Mini which suffered some breakdowns during the installation process.
Next, a keyboard was linked to the transformed phone via bluetooth. QWERTY which also acts as the back cover of the new smartphone, that is to say that when removing what was previously the battery cover, the user would find a wireless keyboard and “a screen” which is the Soyes XS11 Mini, so at first glance it gives the impression of being a small desktop computer.
In any case, this smartphone only remains as an interesting and ingenious idea to show, because according to some users and blogs on the Internet, the device would not be very functional, in addition to offering very basic features.
This is because if the screen is taken into account, we would be talking about the Soyes cell phone already mentioned, which by itself is quite special, since It is a tiny smartphone that fits perfectly in a person’s hand, specifically its size is 2.5 inches.
As for the rest of the specifications, it has 1 GB of RAM and 8 GB of internal storage, which is really not much when compared to a current standard cell phone, and its connectivity reaches 3G.
In a few words, the operation and operating system of this invention is given by the small built-in cell phone, which also offers dual Sim and three rear cameras, although apparently these last two features have been left without the possibility of being used, since hIt must be remembered that both devices are joined by their rear areas. Just as it is not known how it is loaded.
Finally, despite the fact that this phone will not be reproduced or launched on the market, it has enjoyed quite a bit of popularity since its inventor uploaded the video to YouTube exposing the complete project, in addition, he has left the codes and sources used for the configuration on GitHub of this “modern Nokia”.
: | https://voonze.com/a-1998-nokia-turned-into-android-this-is-the-story/ | 2022-08-09T19:26:45Z | https://voonze.com/a-1998-nokia-turned-into-android-this-is-the-story/ | true | 1 |
Mindfulness, Fitness and wellness brought to by Liberate Yourself.
SHERMAN OAKS, Calif., Aug. 9, 2022 /PRNewswire/ -- The Liberate brand has been around for over a decade. Being a large part of the spiritual community mixing creativity and Spirituality for everyone. With two stores on the map and growing, the flagship store in Los Feliz is standing strong and their newest location at 13323 ventura blvd in Sherman oaks is celebrating its 1 year anniversary in the valley and has started a wellness programme for Mind, body and Soul to help you take some time out of your busy day, for you.
The Liberate wellness program is less about fitness and more about engaging your body to create a sense of freedom. In a time of Covid-19, people want to experience the sense of community while still feeling protected.
The tranquil outdoor garden space is protected from all elements, so you are welcome to come, sun or rain! The space is surrounded by spiritual murals, plants and adorned with fairy lights for a calming environment.
Liberate offers a unique mix of classes for the non 9-5 workers. They believe there are many paths and a variety of modalities that a person needs to reach their full potential, which they strived to include in this programme to help people become powerful, magical and free! Modalities include : Meditations, Breathwork, Yoga, Qigong, Self Defense and more. Every class is picked to specifically help you Liberate Yourself (Pun Intended)
With Liberate you'll get a workout that is both physical and mental with — not to mention a convenient outdoor studio location and other amenities like infrared saunas with showers or even just take a look around their beautiful store full of creative and spiritual items from crystals to candles and a whole lot more.
The Liberate Yourself studio will offer a range of membership options, including drop-in class packages that features unlimited classes, studio perks and discounts For additional information on the Liberate Wellness Program, please visit http://www.Liberateyourself.com
About Liberate Yourself.
Far more than a center, we are a movement to liberate yourself and become the true you. We are a community of heart-centered practitioners, meaningful tools, music, art, spiritual & creative educational content that assists individuals just like you in pivoting and navigating the crossroads and obstacles of life.
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SOURCE Liberate Yourself | https://www.kjct8.com/prnewswire/2022/08/09/liberate-yourself-announces-unique-outdoor-wellness-program/ | 2022-08-09T19:28:47Z | https://www.kjct8.com/prnewswire/2022/08/09/liberate-yourself-announces-unique-outdoor-wellness-program/ | false | 11 |
WFO EUREKA Warnings, Watches and Advisories for Wednesday, August 10, 2022
_____
AIR QUALITY ALERT
Air Quality Alert Message
Relayed by National Weather Service Eureka CA
1032 AM PDT Tue Aug 9 2022
...AIR QUALITY ALERT IN EFFECT UNTIL NOON PDT WEDNESDAY FOR BURNT
RANCH, SALYER, AND HAWKINS BAR...
The North Coast Unified Air Quality Management District has issued
an Air Quality Alert.in effect until 11 AM PDT Wednesday.
FOR PERSONS IN DEL NORTE...HUMBOLDT AND TRINITY COUNTIES...Please
visit the North Coast Unified Air Quality Management District
website at www.ncuaqd.org to access the current air quality alert.
_____
Copyright 2022 AccuWeather | https://www.ctinsider.com/weather/article/CA-WFO-EUREKA-Warnings-Watches-and-Advisories-17361948.php | 2022-08-09T19:31:41Z | https://www.ctinsider.com/weather/article/CA-WFO-EUREKA-Warnings-Watches-and-Advisories-17361948.php | false | null |
PITTSBURGH, Aug. 9, 2022 /PRNewswire/ -- "We have some family members with special needs that we have found will become disoriented and will wander off without knowing what they are doing," said the inventors from Kansas City, Mo. "We wanted to create an invention that allowed loved ones to locate and provide safety to family members that may have inadvertently wander off."
They invented SMART DIGITAL SHOE INSOLES that provides a practical and convenient means to effectively locate a wide array of wearers such as children, mentally disabled individuals, anyone suffering from Alzheimer's disease and more. This device may allow wears to quickly and easily be located, providing enhanced safety to the wearer and peace of mind for the family. The device would include many features to locate the missing individual. Additionally, the information could easily be accessed employing a cell phone or computer.
The original design was submitted to the Kansas City sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-JKK-121, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com.
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SOURCE InventHelp | https://www.nbc12.com/prnewswire/2022/08/09/inventhelp-presents-caregiver-tracker-device-jkk-121/ | 2022-08-09T19:32:03Z | https://www.nbc12.com/prnewswire/2022/08/09/inventhelp-presents-caregiver-tracker-device-jkk-121/ | true | 11 |
WASHINGTON (AP) — Americans may finally be catching a break from relentlessly surging prices — if just a slight one — even as inflation is expected to remain painfully high for months.
Thanks largely to falling gas prices, the government’s inflation report for July, to be released Wednesday morning, is expected to show that prices jumped 8.7% from a year earlier — still a sizzling pace but a slowdown from the 9.1% year-over-year figure in June, which was the highest in four decades.
The forecast by economists, if it proves correct, would raise hopes that inflation might have peaked and that the run of punishingly higher prices is beginning to ease slightly. There have been other hopeful signs, too, that the pace of inflation may be moderating.
At the same time, an array of other economic developments are threatening to keep intensifying inflation pressures. The pace of hiring is robust and average wages are up sharply. And even as gas prices fall, inflation in services such as health care, rents and restaurant meals is accelerating. Price changes in services tend to be sticky and don't ease as quickly as they do for gas, food or other goods. Those trends suggest that overall inflation may not drop significantly anytime soon.
President Joe Biden has already pointed to falling gas prices as a sign that his policies — such as releases of oil from the nation's strategic reserve — are helping combat the higher costs that have hammered household budgets, particularly for lower-income families.
Yet Republicans will push ongoing high inflation as a top campaign issue in this fall's elections, with polls showing that high prices have driven Biden's approval ratings down sharply.
On Friday, the House is poised to give final congressional approval to a revived tax-and-climate package pushed by Biden and Democratic lawmakers. The bill, which among other things aims to ease pharmaceutical prices by letting the government negotiate Medicare's drug costs, is expected to cut the federal budget deficit by $300 billion over a decade.
Yet economists say the measure, which its proponents have titled the Inflation Reduction Act, will have only a minimal effect on inflation over the next several years, though it could could slow price increases a bit more later this decade.
Economists have forecast that Wednesday's inflation report will show that consumer prices rose 0.2% from June to July, according to FactSet. That would mark a steep drop from the 1.3% jump from May to June.
But excluding the volatile food and energy categories, so-called core inflation likely stayed high. Economists project that core prices rose 0.5% from in July, still a sharp rise, though down from the 0.7% jump in June. Such an increase would leave core prices 6.1% higher than a year ago, up from a 5.9% year-over year increase in June.
If overall inflation did ease in July, it will largely reflect a 16% plunge in prices at the gas pump from their peak in mid-June, when gas hit a national average of $5 a gallon. The average price fell to about $4.20 by the end of July and was just $4.03 by Tuesday. The continuing drop means that lower gas prices will likely pull inflation down further in August.
Other items may have also helped lower price gains in July: Food costs, though they likely kept rising, probably did so at a slower pace than in June. Prices for used cars, clothing and rental cars may have fallen, too.
Federal Reserve Chair Jerome Powell has said the Fed needs to see a series of declining monthly core inflation readings before it would considering pausing its interest rate increases. Though the Fed more closely tracks a different inflation measure, it also monitors the figures in Wednesday's report, known as the consumer price index.
The Fed has raised its benchmark short-term rate at its past four rate-setting meetings, including a three-quarter point hike in both June and July — the first increases that large since 1994. A blockbuster jobs report for July that the government issued Friday — with 528,000 jobs added, rising wages and an unemployment rate that matched a half-century low of 3.5% — solidified expectations that the Fed will announce yet another three-quarter-point hike when it next meets in September.
Financial markets are betting that the Fed will raise rates several more times this year, to a range of 3.5% to 3.75%, but will ultimately have to cut rates by next summer because traders expect the higher rates to cause a recession.
Some trends do point to lower future inflation. The supply chain snags that have elevated prices for cars, furniture, appliances and other goods are easing.
The number of ships waiting to be unloaded at the Los Angeles/Long Beach port has fallen for six straight months, according to Oxford Economics. Shipping costs have generally leveled off or declined, including for trucking and rail services, Oxford said, though they remain high.
And a drop in Americans' expectations for future inflation may also keep higher prices from becoming entrenched. Such expectations can be self-fulfilling: If people believe inflation will stay high or worsen, they are likely to take steps — such as demanding higher pay — that can then send prices higher in a self-perpetuating cycle. Companies often raise prices to offset higher their higher labor costs.
But a survey by the Federal Reserve Bank of New York, released Monday, showed that Americans now expect lower inflation in the next few years than they did a month ago. Yung-Yu Ma, chief investment strategist at BMO Wealth Management, said lower inflation expectations may allow the Fed to react less aggressively to reports, such as last month's burst of hiring, that suggest the economy is still strong and that inflation could remain high.
“It's a modestly good sign,” Ma said of the inflation expectations data. “It gives them a little bit of room to not take a more aggressive approach.” | https://www.milfordmirror.com/news/article/US-inflation-will-likely-stay-high-even-as-gas-17362065.php | 2022-08-09T19:36:05Z | https://www.milfordmirror.com/news/article/US-inflation-will-likely-stay-high-even-as-gas-17362065.php | false | 46 |
Olivia Newton-John gave her perspective on death and the afterlife in a candid discussion on the “A Life of Greatness” podcast.
“I’ve had quite a few times where I’ve contemplated it as being a possibility sooner than I would’ve wanted it,” the actor said with a laugh, after podcast host, Sarah Grynberg asked the actor if she’d contemplated her own death, or what happens after people die, given her longtime struggle with breast cancer.
“I mean, we all know that we’re gonna die. I think we spend our lives probably much in denial of it,” Newton-John added.
The interview took place in February 2021 and is one of Newton-John’s last appearances. It resurfaced following the “Grease” star’s death on Monday at age 73.
“Everyone that I know who’s had a near-death experience, my husband being one of them, says it’s the most unbelievable feeling of love that you have ever experienced and you don’t want to come back. So I’m kind of looking forward to that ― not now ― but when it happens,” she said.
Newton-John went on to explain in the interview that she’s had experiences with spirits and the spirit world.
“Some people call it heaven, some people call it the universe. I just think there’s a great knowingness out there that we become part of,” she explained, adding that she hoped “the energies of the people that you love are there,” and that “all love will be there.”
Newton-John “passed away peacefully” on Monday morning at her ranch in California, according to a statement from her second husband, John Easterling.
“Olivia has been a symbol of triumphs and hope for over 30 years sharing her journey with breast cancer,” he wrote in a post on the actor’s Facebook page.
Many, including Newton-John’s “Grease” co-star, John Travolta, shared poignant tributes following the news of her death.
“My dearest Olivia, you made all of our lives so much better,” Travolta said in an Instagram post, alongside a photo of Newton-John.
“Your impact was incredible. I love you so much,” Travolta said. “We will see you down the road and we will all be together again. Yours from the first moment I saw you and forever! Your Danny, your John!” | https://www.huffpost.com/entry/olivia-newton-john-death-last-interview_n_62f284cde4b001e175d7fe7f | 2022-08-09T19:36:45Z | https://www.huffpost.com/entry/olivia-newton-john-death-last-interview_n_62f284cde4b001e175d7fe7f | false | 1 |
Stefan Kuijs Named Product Manager for LNG & Hydrogen – The Netherlands – for Nikkiso Clean Energy and Industrial Gases Group Europe
TEMECULA, Calif., Aug. 09, 2022 (GLOBE NEWSWIRE) — Nikkiso Cryogenic Industries’ Clean Energy & Industrial Gases Group (“Group”), a part of the Nikkiso Co., Ltd (Japan) group of companies, is pleased to announce that Stefan Kuijs has been named Product Manager for LNG & Hydrogen for Nikkiso Integrated Cryogenic Solutions serving the Netherlands.
A mechanical engineer, Stefan has specialized education and training in process engineering, and has over ten years’ experience with design, installation, commissioning and start-up of LNG/CNG stations and bio-gas installations. His responsibilities have also included Hydrogen projects with focus on energy transition and clean fuels. He will be responsible for the full line products, sales and solutions related to LNG and Hydrogen
“Stefan’s industry and market experience will be of great benefit to the Group, as we work to develop the opportunities in this region” according to Ole Jensen, Vice President, Nikkiso Clean Energy & Industrial Gases Europe.
With this addition, Nikkiso continues their commitment to be both a global and local presence for their customers.
ABOUT CRYOGENIC INDUSTRIES
Cryogenic Industries, Inc. (now a member of Nikkiso Co., Ltd.) member companies manufacture and service engineered cryogenic gas processing equipment (pumps, turboexpanders, heat exchangers, etc.), and process plants for Industrial Gases, Natural gas Liquefaction (LNG), Hydrogen Liquefaction (LH2) and Organic Rankine Cycle for Waste Heat Recovery. Founded over 50 years ago, Cryogenic Industries is the parent company of ACD, Nikkiso Cryo, Nikkiso Integrated Cryogenic Solutions, Cosmodyne and Cryoquip and a commonly controlled group of approximately 20 operating entities.
For more information, please visit www.nikkisoCEIG.com and www.nikkiso.com.
MEDIA CONTACT:
Anna Quigley
+1.951.383.3314
aquigley@cryoind.com | https://ppinewsagency.com/stefan-kuijs-named-product-manager-for-lng-hydrogen-the-netherlands-for-nikkiso-clean-energy-and-industrial-gases-group-europe/ | 2022-08-09T19:45:40Z | https://ppinewsagency.com/stefan-kuijs-named-product-manager-for-lng-hydrogen-the-netherlands-for-nikkiso-clean-energy-and-industrial-gases-group-europe/ | true | 16 |
ALBUQUERQUE, N.M. (AP) — Albuquerque police arrest "primary suspect" in killings of 4 Muslim men that have shaken New Mexico's largest city.
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Recommended | https://www.middletownpress.com/news/article/Alert-Albuquerque-police-arrest-primary-17362193.php | 2022-08-09T19:46:08Z | https://www.middletownpress.com/news/article/Alert-Albuquerque-police-arrest-primary-17362193.php | false | 24 |
NEW YORK, Aug. 9, 2022 /PRNewswire/ -- Juan Monteverde, founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securities firm rated Top 50 in the 2018-2021 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Pzena Investment Management, Inc. (PZN), relating to its proposed merger with Pzena Investment Management, LLC. Under the terms of the merger, PZN shareholders are expected to receive $9.60 in cash per share they own. Click here for more information: https://www.monteverdelaw.com/case/pzena-investment-management-inc. It is free and there is no cost or obligation to you.
We are a national class action securities litigation law firm that has recovered millions of dollars and is committed to protecting shareholders from corporate wrongdoing. We were listed in the Top 50 in the 2018-2021 ISS Securities Class Action Services Report. Our lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions. Mr. Monteverde is recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017-2019, an award given to less than 2.5% of attorneys in a particular field. He has also been selected by Martindale-Hubbell as a 2017-2021 Top Rated Lawyer. Our firm's recent successes include changing the law in a significant victory that lowered the standard of liability under Section 14(e) of the Exchange Act in the Ninth Circuit. Thereafter, our firm successfully preserved this victory by obtaining dismissal of a writ of certiorari as improvidently granted at the United States Supreme Court. Emulex Corp. v. Varjabedian, 139 S. Ct. 1407 (2019). Also, in 2019 we recovered or secured six cash common funds for shareholders in mergers & acquisitions class action cases.
If you own common stock in PZN and wish to obtain additional information and protect your investments free of charge, please visit our website or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.
Attorney Advertising. (C) 2022 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4405
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341
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SOURCE Monteverde & Associates PC | https://www.wabi.tv/prnewswire/2022/08/09/shareholder-alert-mampa-class-action-firm-announces-investigation-pzena-investment-management-inc-pzn/ | 2022-08-09T19:48:27Z | https://www.wabi.tv/prnewswire/2022/08/09/shareholder-alert-mampa-class-action-firm-announces-investigation-pzena-investment-management-inc-pzn/ | true | 795 |
LONG BEACH, Calif., Aug. 9, 2022 /PRNewswire/ -- Award-winning Long Beach-based cannabis brand, Top-Shelf Cultivation, or Top-Shelf, is pleased to announce that the family-owned and operated cannabis company has earned two first-place 'Best Indica' awards at the most recent High Times Cannabis Cup People's Choice Edition for Southern California.
The historic first-place wins come thanks to Top-Shelf Cultivation's exclusive and proprietary Whoa-Si-Whoa strain beating out all other entries in the Best Indica Flower and Best Indica Pre-Roll categories. The Whoa-Si-Whoa strain is exclusive to Top-Shelf Cultivation and features parent genetics "The White" and "Do-Si-Dos" with a THC percentage consistently testing above 30%.
"The Whoa-Si is a very potent Indica with a terpene percentage ranging between 2% and 4% total terpenes. When we grow her right, the Whoa-Si-Whoa is extra powerful and can really knock someone out," said Brian Danaher, Founder, and CEO of Top-Shelf Cultivation. "We run our own custom nutrients, built out our own facilities, have friends and family in the sales team, and the results are starting to show with these awards and our brand's growth across California."
The Whoa-Si-Whoa strain is no stranger to receiving first-place cups. In 2019, Top-Shelf Cultivation debuted the Whoa-Si-Whoa and began entering cannabis competitions. Their team has since earned 10 first-place awards for the Whoa-Si-Whoa strain alone.
First place wins include the 2019 Halloweed Cup, 2022 Kush Stock, 2019-2021 WEEDCon, and High Times Cannabis Cups in Northern, Central, and Southern California in 2019, 2020, 2021, and 2022.
The Top-Shelf Cultivation brand defines OG craft cannabis and is available statewide in licensed and legal retailers throughout California. The company's products are available 365 days a year at their long-standing family-run retail dispensary, LB Collective. The dispensary is located at 1731 E. Artesia Blvd Long Beach, CA 90805 and is open Monday through Saturday from 8 AM - 10 PM and Sunday 8 AM - 9 PM.
Top-Shelf Cultivation, founded in 1999, is a family-owned and operated Long Beach-based cannabis company that takes pride in growing the best indoor cannabis in the world. With over 20 years of experience cultivating indoors in Northern California and Southern California, Top-Shelf has perfected its methods to produce some of the best tasting and most potent cannabis, period. #DontHateTheGrowerHateTheStrain
Contact Information:
Joey Brabo
PR/Marketing @ Top-Shelf Cultivation & Respect My Region
Email: Joey@RespectMyRegion.com
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SOURCE Top-Shelf Cultivation | https://www.wave3.com/prnewswire/2022/08/09/top-shelf-cultivations-whoa-si-whoa-strain-wins-two-1st-place-best-indica-awards-2022-high-times-cannabis-cup-peoples-choice-southern-california/ | 2022-08-09T19:48:34Z | https://www.wave3.com/prnewswire/2022/08/09/top-shelf-cultivations-whoa-si-whoa-strain-wins-two-1st-place-best-indica-awards-2022-high-times-cannabis-cup-peoples-choice-southern-california/ | false | 11 |
Rockets Stephen Silas Sees Learning Curve In Texans Derek Stingley Jr.
HOUSTON — When coach Stephen Silas left the Houston Methodist Training Center Friday morning, he departed in astonishment. Silas had an opportunity to learn that the parallels between the Houston Rockets and Houston Texans are more profound than what was on the surface.
Through conversations with general manager Nick Caserio and coach Lovie Smith, the most significant revelation to Silas was the common bond the two franchises share over the use of analytics.
But before he held a conversation with Caserio and Smith while observing Day 6 of Texans training camp. Silas already had an idea of the Texans' young corps, headline by rookie cornerback Derek Stingley Jr.
Stingley, who the Texans drafted with the No. 3 selection of the 2022 NFL Draft in April, reminded Silas of the Rockets lottery pick in Jabari Smith Jr. — another top prospect Houston landed third overall during the NBA draft in June.
"He [Stingley] is trying to learn," Silas said. "For him, he is going through the learning curve, and it's very important. It's been impressive watching him. He's quick and fast. But it's the learning curve that is going to be interesting to see."
Both Smith and Stingley have showcased promise for their respective franchises ahead of their rookie campaigns in Houston.
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Smith participated in the NBA's Summer League tournament in Las Vegas, where he appeared in five games averaging 14.4 points on 37.7 percent shooting from the field, 9.4 rebounds, 1.6 steals and 1.4 blocks for the Rockets.
A Lisfranc injury in September resulted in a slow ramp-up period for Stingley entering training camp. But since Day 4 of training camp practice on August 1, Stingley has been a near full go.
Following training camp practice on Tuesday, Stingley has recorded three interceptions and has established himself as a punt returner for the Texans in 2022.
You can follow Coty Davis on Twitter @CotyDavis_24
Want the latest in news and insider information on the Houston Rockets? Click here
Follow Inside the Rockets on Facebook here
Follow Inside the Rockets on Twitter @InsideRocketsFN | https://www.si.com/nba/rockets/news/houston-stephen-silas-learning-curve-derek-stingley-jr-jabari-smith-jr-training-camp | 2022-08-09T19:50:15Z | https://www.si.com/nba/rockets/news/houston-stephen-silas-learning-curve-derek-stingley-jr-jabari-smith-jr-training-camp | false | 1 |
The Hundred: Joe Root takes brilliant catch to dismiss Dwayne Bravo
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Trent Rockets' Joe Root takes a brilliant diving catch to dismiss Northern Superchargers' Dwayne Bravo at Headingley. | https://www.bbc.co.uk/sport/av/cricket/62486176 | 2022-08-09T19:52:40Z | https://www.bbc.co.uk/sport/av/cricket/62486176 | false | null |
Lincoln Intermediate Unit 12 partners with Proactive MD opening two state-of-the-art Health Centers, offering school district employees new healthcare benefits.
NEW OXFORD, Pa., Aug. 9, 2022 /PRNewswire/ -- Lincoln Intermediate Unity (LIU) 12 has tapped Proactive MD, the transformative and rapidly-growing advanced primary care provider, to serve more than 2,800 educators in South Central Pennsylvania. With extensive experience serving school districts across the country, Proactive MD will take LIU12's healthcare to a whole new level with two new Health Centers serving York, Adams, and Franklin counties.
"We're thrilled to expand into Pennsylvania and are committed to providing the best possible care to those we serve in LIU12," said John Collier, founder and CEO of Proactive MD. "Each life we touch is precious to us. We look forward to making a difference in the healthcare journeys of these educators and to help contain costs for the school districts."
Proactive MD partners with employers to provide broad-scope advanced primary care that extends beyond the clinic walls, offering a patient-centric model that guides the patient journey, delivers high-touch and high-quality care, and leverages data to cut costs for employers.
"We chose Proactive MD as our healthcare solution because they demonstrate relentless commitment to quality care – in many school districts and other industries," said Dr. Jeff West, executive director of LIU12. "They don't just refer patients to a specialist and expect them to figure it out themselves. They play a quarterback role in the entire continuum of care, ensuring patients get the best possible outcome."
LIU12 is a member of an innovative healthcare consortium known as the Lincoln Benefit Trust (LBT) managed by Marty Schuj. The LBT identifies and administers benefit offerings to the schools with attention to addressing rising health care costs and improving the value of the school's health benefits. Reasonably, LIU12 sought to evaluate the benefits of an onsite advanced primary care model. LIU12 contracted with Erin Eason, National Director of CBIZ's clinical consulting practice who performed a feasibility study, stakeholder interviews, and an in-depth needs analysis before proceeding with a review of vendors in a public Request for Proposals (RFP). Erin shared, "they were diligent in their selection process while ensuring they selected the partner that would best help them achieve their specific goals, their team members' overall health and well-being needs were always in the forefront."
Proactive MD was selected by LIU12 to serve their faculty, staff, and their families to provide better access to advanced primary care. The advanced primary care health center model is a service LIU12 is making available to employees and families of other member schools within the LBT and currently planning to open a third health center campus in Franklin County.
"As Pennsylvania School Districts seek to curb rising health care costs and protect the value of their health benefits, we could not recommend Proactive MD more highly," said Marty Schuj, Trust Manager at LBT. "Their mission fits hand in hand with ours, and we look forward to seeing consistent and improved healthcare in our schools."
The Health Centers opened in Spring of 2022 serving all LIU12 employees and their families covered on the LIU12 benefits plan.
Patients and employers benefit from Proactive MD's total health care and population health management solution, which offers Advanced Primary Care Health Centers at member companies. By elevating the standard of primary care and going above and beyond the typical boundaries of health care, Proactive MD meets each employee's unique care needs. Proactive MD's model is built on the foundation of strong physician-patient relationships and dedicated Patient Advocates, empowered by advanced population health insights, to personally guide and advise employees through the full care continuum. Today, Proactive MD is headquartered in Simpsonville, SC and operates in 17 states with more than 70 Health Centers across the U.S. For more information, please contact us at info@proactive.md or visit https://www.proactive.md.
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SOURCE Proactive MD | https://www.kplctv.com/prnewswire/2022/08/09/proactive-md-expands-into-pennsylvania-delivering-advanced-primary-care-educators-york-adams-franklin-counties/ | 2022-08-09T19:54:36Z | https://www.kplctv.com/prnewswire/2022/08/09/proactive-md-expands-into-pennsylvania-delivering-advanced-primary-care-educators-york-adams-franklin-counties/ | false | 12 |
Mrs Aduragbemi Animashaun Euba has emerged as the gubernatorial candidate of the Young Progressives Party (YPP) after the party resolved to hold another primary following the withdrawal of their former candidate, Mr Kehinde Ogunniyi.
The Primary held on Tuesday 9th August 2022, at the party secretariat opposite Genesis hotel, Challenge road, Ibadan.
The new standard-bearer, Mrs Aduragbemi Animashaun contested alongside Mrs Agbomeji Olamide and Mr Salau Alowonle who was reportedly absent.
The primary was a direct election with one delegate from each local government of Oyo State comprising 33 local governments among which 32 delegates were accredited and one of them absent.
The election started around 12:40 pm and finished at 1 pm.
Mrs Aduragbemi Animashaun Euba won the election with 25 votes while Agbomeji Olamide polled 3 votes, and 4 votes were recorded as void.
The candidacy of Mrs Animashaun was affirmed by the chairman of the YPP guber primary, Chief Adigun Abdulsemiu.
Speaking with journalists shortly after the election, Animashaun said, “It is a day of joy and I am happy to be elected as the gubernatorial candidate of YPP, I promise to give out my best to represent youths and of course lead the state on the path of development.”
Animashaun is a successful businesswoman, married and blessed with three kids.
Present during the primary were the INEC staff in Oyo State; Mr Abiodun Onikate Amosu, Barr Dapo Aderibigbe, Mr Wahab Akeem, Mrs Wumi Balogun and Mrs Fumilayo Adeyemo.
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- Top 10 Business Ideas In Nigeria You Can Start With 100,000 Naira | https://tribuneonlineng.com/animashaun-clinches-oyo-ypp-guber-ticket-defeats-agbomeji-one-other/ | 2022-08-09T19:56:23Z | https://tribuneonlineng.com/animashaun-clinches-oyo-ypp-guber-ticket-defeats-agbomeji-one-other/ | true | 1 |
You need to enable JavaScript to run this app. | https://sportspyder.com/nfl/miami-dolphins/articles/40343586 | 2022-08-09T19:57:26Z | https://sportspyder.com/nfl/miami-dolphins/articles/40343586 | true | null |
A 35-year-old Florida man who was recording the sunrise over the Atlantic Ocean died when a sand dune collapsed on top of him, sheriff’s officials said.
A beachgoer saw a portion of the man’s body protruding from the sand on Hutchinson Island early Monday and called for help, the Martin County Sheriff’s Office said in a Facebook post.
The man was apparently resting beneath the dune while recording the sunrise when the hill of sand collapsed, detectives said. They said it appears the man had died as a result of being trapped underneath the sand.
Detectives don’t suspect foul play, but they are awaiting results of toxicology tests before deeming it to be a “tragic accident,” the post said.
Hutchinson Island is north of West Palm Beach on Florida’s Atlantic coast.
RELATED: Girl, 3, killed from falling rock at Vancouver Island ski resort | https://www.burnslakelakesdistrictnews.com/news/florida-man-filming-sunrise-killed-when-sand-dune-collapses/ | 2022-08-09T19:57:42Z | https://www.burnslakelakesdistrictnews.com/news/florida-man-filming-sunrise-killed-when-sand-dune-collapses/ | false | null |
Missouri voters set to weigh in on recreational marijuana
By SUMMER BALLENTINE
Associated Press
COLUMBIA, Mo. (AP) — A campaign to legalize recreational marijuana in Missouri gathered enough signatures to make it on the November ballot, Republican Secretary of State Jay Ashcroft announced Tuesday.
If voters approve the constitutional amendment on marijuana, those age 21 and older could buy and grow it for personal consumption as early as this year.
“We look forward to engaging with voters across the state in the coming weeks and months,” LegalMo22 campaign manager John Payne said. “Missourians are more than ready to end the senseless and costly prohibition of marijuana.”
Missouri voters approved medical marijuana use in 2018. Efforts to allow recreational marijuana use have failed to pass Missouri’s Republican-led Legislature for years, prompting advocates to go to voters for approval instead.
Recreational marijuana is already legal in 19 states, and legalization proposals are on the ballot this fall in South Dakota and Maryland. Supporters are also trying to get measures on the ballot in Arkansas, North Dakota and Oklahoma.
Backers of the Missouri ballot proposal are highlighting a provision that would erase past marijuana-related convictions for nonviolent offenders and those whose conviction didn’t include selling to minors or driving while high.
Local NAACP chapters, the American Civil Liberties Union of Missouri, criminal defense lawyers and other civil rights advocacy groups endorsed automatic expungement, and it could broaden support for the initiative among Republican criminal justice advocates. Seven other states with legal recreational marijuana have also adopted automatic expungement policies.
Marijuana sales would be taxed at 6% under the Missouri measure. The tax is estimated to bring in more than $46 million during the first full year the amendment is in effect and close to $70 million the following year. Revenues would be earmarked for veterans’ homes, drug treatment programs and public defenders.
Cities and other municipalities could enact local sales taxes on recreational marijuana up to 3% or enact local bans on non-medical marijuana sales by a public vote.
Ashcroft said a separate proposal to allow ranked-choice voting failed to collect the roughly 170,000 voter signatures from six of the state’s eight congressional districts to get on the ballot.
Under that proposal, candidates from all parties would have been listed on primary ballots beginning in August 2024, meaning voters could pick from Republicans and Democrats without requesting a party-specific ballot. The top four candidates with the most votes would move on to the general election, when voters could either pick only their favorite or rank the candidates from first to last.
Better Elections spokesman Scott Charton said in a statement that proponents would honor supporters “with continued work” on the issue.
“If we want leaders in elected office who put our country and state over their political party, we’re going to have to change the system,” he said. | https://kesq.com/news/2022/08/09/missouri-voters-set-to-weigh-in-on-recreational-marijuana-2/ | 2022-08-09T20:04:09Z | https://kesq.com/news/2022/08/09/missouri-voters-set-to-weigh-in-on-recreational-marijuana-2/ | true | 22 |
Knowing your credit card interest rate is key to managing debt
Negotiate lower rates or switch to a zero-interest card to manage payments
InvestigateTV - A new study from NerdWallet reports that 43% of credit card holders do not know the interest rate on their cards, even though according to experts, knowing your interest rate is the first step to managing credit card debt.
Sara Rathner, a personal finance expert with NerdWallet, suggested you look at your recent statement or log into your account to find your current interest rate.
With that information, Rathner said you can find ways to save money such as negotiating a lower rate with your issuer or transferring your balance to a 0% interest card. You could also consider a personal loan to pay off the debt.
Rathner’s bottom line is that high interest rates hamper your ability to pay down debt.
“This has the potential to cost you hundreds or even thousands of dollars a year, depending on how much debt you have,” Rathner said. “Think about all the other things you could do with that money, all the other bills that you could pay and other debt you could avoid because you don’t have hundreds of dollars’ worth of interest.”
By paying only the minimum on a credit card every month, the bulk of the payment may be interest, with only a small fraction going toward reducing the debt you owe.
If you are struggling with debt, USA.gov has free resources available for dealing with debt and many other topics.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.witn.com/2022/08/09/knowing-your-credit-card-interest-rate-is-key-managing-debt/ | 2022-08-09T20:09:55Z | https://www.witn.com/2022/08/09/knowing-your-credit-card-interest-rate-is-key-managing-debt/ | false | 11 |
Quality Management Software Market Is Booming Worldwide | EtQ, Ideagen, AssurX
“
New Jersey (United States) – A2Z Market Research published new research on Global Quality Management Software covering the micro-level of analysis by competitors and key business segments (2022-2029). The Global Quality Management Software explores a comprehensive study on various segments like opportunities, size, development, innovation, sales, and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists of both qualitative and quantitative detailing.
A quality management system (QMS) is a formalized system that documents the processes, procedures, and responsibilities for achieving quality policies and objectives. A QMS helps coordinate and direct an organization’s activities to meet customer and regulatory requirements and continually improve its effectiveness and efficiency. The growing importance of customer-centric production and frequent changes in regulations and standards that require recurring compliance drive the growth of the market.
Some of the Major Key players profiled in the study are EtQ, Ideagen, AssurX, Micro Focus, Dassault Systemes, Intelex Technologies, Aras, Plex Systems, MetricStream, IQMS, Siemens, Sparta Systems, Unipoint Software, Arena Solutions, Pilgrim Quality Solutions, Oracle, MasterControl, SAP, IQS, Inc, Autodesk,
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Various factors are responsible for the market’s growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Quality Management Software market. This report is a consolidation of primary and secondary research, which provides market size, share, dynamics, and forecast for various segments and sub-segments considering the macro and micro environmental factors. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitutes, and the degree of competition prevailing in the market.
The global Quality Management Software Market research report delivers a comprehensive analysis of market size, market trends, and market growth prospects. This report also delivers extensive information on the technology expenditure for the forecast period, which gives a unique view of the global Quality Management Software Market across numerous segments. The global Quality Management Software market report also allows consumers recognize market prospects and challenges.
Global Quality Management Software Market Segmentation:
Market Segmentation: By Type
Cloud
On-premise
Market Segmentation: By Application
IT and Telecom
Transportation and Logistics
Consumer Goods and Retail
Defence and Aerospace
Manufacturing
Healthcare
Others
Key market aspects are illuminated in the report:
Executive Summary: It covers a summary of the most vital studies, the Global Quality Management Software market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.
Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Global Quality Management Software market, the years measured, and the study points.
Company Profile: Each Firm well-defined in this segment is screened based on a products, value, SWOT analysis, their ability and other significant features.
Manufacture by region: This Global Quality Management Software report offers data on imports and exports, sales, production and key companies in all studied regional markets
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The cost analysis of the Global Quality Management Software Market has been performed while keeping in view manufacturing expenses, labor cost, and raw materials and their market concentration rate, suppliers, and price trend. Other factors such as Supply chain, downstream buyers, and sourcing strategy have been assessed to provide a complete and in-depth view of the market. Buyers of the report will also be exposed to a study on market positioning with factors such as target client, brand strategy, and price strategy taken into consideration.
Highlighting points of Global Quality Management Software Market Report:
- The Quality Management Software global market report provides an exhaustive qualitative and quantitative analysis that will provide insight into the industry.
- This Quality Management Software market insight includes data from significant participants such as marketers, industry experts, and investors.
- The Quality Management Software market report’s objective is to provide an exhaustive perspective from all stakeholders for young marketers and entrepreneurs.
- Trends and drivers are discussed in the Quality Management Software Market Report
- The global Quality Management Software market report delivers an overview of the global competitive environment.
- It provides details about the market, its share, and revenue.
- The Quality Management Software Market research study recognizes the major growth regions, with the Asia Pacific leading during the forecast period.
Table of Contents
Global Quality Management Software Market Research Report 2022 – 2029
Chapter 1 Quality Management Software Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Quality Management Software Market Forecast
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+1 775 237 4157 | https://shanghai.ist/2022/08/09/quality-management-software-market-is-booming-worldwide-etq-ideagen-assurx/ | 2022-08-09T20:11:46Z | https://shanghai.ist/2022/08/09/quality-management-software-market-is-booming-worldwide-etq-ideagen-assurx/ | false | 669 |
SAN DIEGO, Aug. 9, 2022 /PRNewswire/ -- REVA Medical, LLC. ("REVA" or the "Company"), a leader in bioresorbable polymer technologies for vascular applications, is pleased to announce the closing of a $45 million Series B equity financing. This funding was led by a global strategic investor with deep experience in medical devices, as well as BioStar Capital, and existing investors.
Proceeds from the financing will be used to fund the Company's ongoing operating, clinical and capital needs, including the clinical program for its MOTIV® Peripheral Vascular Bioresorbable Scaffold. "We are very pleased to announce the close of this financing," said REVA's President and Chief Executive Offer, Jeffrey Anderson. "The funding we have secured will allow REVA to move forward with our pivotal clinical trial to support FDA approval of our MOTIV® peripheral vascular scaffold as well as to obtain FDA clearance of our TyroSphere® bioresorbable embolic bead technology."
REVA's MOTIV® device represents a unique breakthrough technology for the treatment of patients suffering from below-the-knee peripheral vascular disease. MOTIV® is a drug-eluting bioresorbable peripheral vascular scaffold made from REVA's proprietary Tyrocore® polymer that is designed to dissolve over time, leaving the artery free of a permanent implant and thereby allowing the artery to return to its natural movement or "vasomotion." Due to their temporary nature, bioresorbable stents are commonly referred to as scaffolds. MOTIV®'s polymer properties also enable complete x-ray visibility of the scaffold when placed in the artery, an attribute unique to REVA among bioresorbable scaffolds. REVA believes that this distinct feature will offer a procedural advantage, as x-ray visibility helps confirm proper placement of the scaffold and is a tool that physicians routinely rely upon when implanting metal stents. Louis A Cannon, MD Founder and Senior Managing Partner of BioStar Capital notes that "200 million patients world-wide are affected by severe arterial disease of the legs. We believe the REVA absorbable scaffold has the potential to reduce limb amputations, and possibly save lives."
In addition to the MOTIV® scaffold, REVA is in the final development stages for their TyroSphere® embolic bead platform. TyroSphere® beads are bioresorbable embolic microspheres designed to treat hypervascular tumors. TyroSphere® beads uniquely offer both the advantage of safe degradation/resorption and the option of being visible under standard x-ray to aid in precise delivery to the targeted tumor.
SVB Securities acted as financial advisor to REVA Medical on this transaction.
Additional information can be found at REVA's website: www.revamedical.com
About REVA Medical
REVA Medical is a medical device company focused on the development and commercialization of bioresorbable polymer technologies for vascular applications. The Company's products include MOTIV bioresorbable scaffolds for the treatment of peripheral artery disease, Fantom and Fantom Encore bioresorbable vascular scaffolds for the treatment of coronary artery disease, and TyroSphere embolic beads. REVA is based in San Diego, California. More information can be found at REVA's website: www.revamedical.com.
Fantom, Fantom Encore, and MOTIV have CE Mark only. Fantom, Fantom Encore, and MOTIV are available in select countries in Europe and the Middle East. Fantom, Fantom Encore, MOTIV, and TyroSphere are not available in the U.S. or other countries that do not accept CE Mark. Fantom, Fantom Encore, MOTIV, TyroSphere, and Tyrocore are trademarks of REVA Medical, LLC.
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SOURCE REVA Medical, LLC | https://www.kltv.com/prnewswire/2022/08/09/reva-medical-announces-closing-strategic-financing/ | 2022-08-09T20:14:55Z | https://www.kltv.com/prnewswire/2022/08/09/reva-medical-announces-closing-strategic-financing/ | false | 10 |
(NEXSTAR) – As the monkeypox virus continues to spread throughout the United States, health officials are asking people at high risk of contracting the virus to stay vigilant and get tested.
The virus is known to cause a rash of bumps and blisters that can be painful, the Centers for Disease Control and Prevention says, but not everyone will see this visual signifier as their first symptom.
What are the signs and symptoms of the virus? According to the CDC, monkeypox is like a milder case of smallpox.
“The main difference between symptoms of smallpox and monkeypox is that monkeypox causes lymph nodes to swell (lymphadenopathy) while smallpox does not,” the CDC writes. Lymph nodes can swell as the result of any infection, Mayo Clinic explains. They’re located throughout your body, from your neck down to your armpits and groin.
In the early stages of infection, monkeypox symptoms can include:
- Fever
- Headache
- Muscle aches
- Backache
- Swollen lymph nodes
- Chills
- Exhaustion
A few days in, a rash typically starts to develop, according to the CDC. The rash will often start on people’s face or genitals and then spread to the rest of the body. At first, they may look like pimples or blisters, and the bumps may be painful or itchy, the CDC says.
The bumps from the rash will eventually scab over and fall off.
Not everyone who contracts monkeypox will see the same symptoms in the same order. “Sometimes, people have flu-like symptoms before the rash,” the CDC explains. “Some people get a rash first, followed by other symptoms. Others only experience a rash.”
Symptoms usually start to show up within three weeks of being exposed to the virus. The full cycle of illness usually lasts between two and four weeks, the CDC says.
If you have an unexplained rash fitting the description of monkeypox, the CDC recommends seeing a doctor. In the meantime, the agency advises avoiding sex or intimate contact with other people. | https://www.counton2.com/news/national-news/what-are-early-symptoms-of-monkeypox/ | 2022-08-09T20:15:04Z | https://www.counton2.com/news/national-news/what-are-early-symptoms-of-monkeypox/ | false | 17 |
Polo Queen Indu Standalone June 2022 Net Sales at Rs 16.57 crore, up 38.49% Y-o-Y
August 09, 2022 / 11:37 AM IST
Reported Standalone quarterly numbers for Polo Queen Industrial and Fintech are:Net Sales at Rs 16.57 crore in June 2022 up 38.49% from Rs. 11.97 crore in June 2021.
Quarterly Net Profit at Rs. 0.44 crore in June 2022 up 211.2% from Rs. 0.14 crore in June 2021.
EBITDA stands at Rs. 1.12 crore in June 2022 up 107.41% from Rs. 0.54 crore in June 2021.
Polo Queen Indu EPS has decreased to Rs. 0.01 in June 2022 from Rs. 0.02 in June 2021.
Polo Queen Indu shares closed at 56.80 on August 05, 2022 (BSE) and has given -31.81% returns over the last 6 months and 846.67% over the last 12 months. | https://www.moneycontrol.com/news/business/earnings/polo-queen-indu-standalone-june-2022-net-sales-at-rs-16-57-crore-up-38-49-y-o-y-8984871.html | 2022-08-09T20:15:54Z | https://www.moneycontrol.com/news/business/earnings/polo-queen-indu-standalone-june-2022-net-sales-at-rs-16-57-crore-up-38-49-y-o-y-8984871.html | true | null |
Longwood men’s soccer picked to finish strong in Big South
Published 3:21 pm Tuesday, August 9, 2022
FARMVILLE – The Longwood men’s soccer team was picked to finish third in the Big South conference pre-season poll.
The team finished third a season ago, tying their best regular season finish since joining the Big South in 2012. The Lancers finished 4-3-1 in conference play in 2021 and had key wins over Gardner-Webb and Radford late in the season to secure the team’s first home postseason game in the Big South Tournament.
This edition of the Lancers return 21 letterwinners from last season, seven of which were regular starters. Head coach Jon Atkinson and assistant coach Sean Pierce have brought in a talented class that includes 12 transfers and four freshman to build off of the foundation that was laid in 2021.
The team begins the season with three exhibition matches before opening at East Tennessee State on August 25. The Lancers are on the road for four straight before making their home debut against Navy on September 13 in Farmville.
2022 Big South Pre-Season Men’s Soccer Poll
Team (Points)
- Campbell (80)
- High Point (72)
- Longwood (55)
- Presbyterian (45)
- Winthrop (40)
- USC Upstate (39)
- Gardner-Webb (29)
- Radford (26)
- UNC Asheville (19)
You can read about predictions for the women’s team right here. | https://www.farmvilleherald.com/2022/08/longwood-mens-soccer-picked-to-finish/ | 2022-08-09T20:17:55Z | https://www.farmvilleherald.com/2022/08/longwood-mens-soccer-picked-to-finish/ | false | 1 |
SEATTLE — Miguel Andujar will get another chance. The former starter who has been stuck in Triple-A the last two seasons was recalled before Tuesday night’s game against the Mariners. He will replace Matt Carpenter, who fractured his left foot, on the 26-man roster.
Andujar, who was the runner-up to Shohei Ohtani in the American League Rookie of the Year voting in 2018, has been hitting .293/.337/.498 with 12 home runs with Scranton. In 14 games with the Yankees this season, Andujar hit .245/.269/.286 with two doubles and four RBI in 52 plate appearances this season.
Andujar was the odd man out after suffering a season-ending shoulder injury in the first week of the 2019 season. The third baseman lost his job to Gio Urshela that season and the Bombers have been searching for the right fit for him since he came back healthy in 2020. He has always been shaky defensively at third base. Andujar committed 15 errors at the hot corner in 2018 and had a cringe-worthy -25 defensive runs saved. That was the fourth most by a third baseman in the majors that season.
So, the Bombers moved him to the outfield, where he has played 41 games this season at Triple-A. He has played 19 at third base.
But it was always his bat that the Yankees liked. He slashed .297/.328/.527 with 27 home runs and 47 doubles in 606 at-bats in 2018. But inconsistent play has affected Andujar’s production in the big leagues since, and his frustration has been obvious. He has asked the Yankees for the trade, but they have held onto him for situations like this. He is under team control through 2025.
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We invite you to use our commenting platform to engage in insightful conversations about issues in our community. We reserve the right at all times to remove any information or materials that are unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane, indecent or otherwise objectionable to us, and to disclose any information necessary to satisfy the law, regulation, or government request. We might permanently block any user who abuses these conditions. | https://www.ocregister.com/2022/08/09/yankees-call-up-miguel-andujar-from-triple-a-to-replace-injured-matt-carpenter/ | 2022-08-09T20:19:08Z | https://www.ocregister.com/2022/08/09/yankees-call-up-miguel-andujar-from-triple-a-to-replace-injured-matt-carpenter/ | false | 3 |
WFO BOSTON Warnings, Watches and Advisories for Tuesday, August 9, 2022
_____
SPECIAL WEATHER STATEMENT
Special Weather Statement
National Weather Service Boston/Norton MA
345 PM EDT Tue Aug 9 2022
...A strong thunderstorm will impact portions of Windham,
northeastern Tolland, northwestern Kent and western Providence
Counties through 445 PM EDT...
At 345 PM EDT, Doppler radar was tracking a strong thunderstorm over
Ashford, or 7 miles northeast of Mansfield, moving east at 35 mph.
HAZARD...Winds in excess of 40 mph.
SOURCE...Radar indicated.
IMPACT...Strong winds could cause minor damage such as downed
branches.
Locations impacted include...
Cranston, Coventry, North Providence, West Warwick, Johnston,
Mansfield, Plainfield, Smithfield, Lincoln, Killingly, Burrillville,
Stafford, North Smithfield, Scituate, Glocester, Putnam, Thompson,
Brooklyn, Woodstock and Willington.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Get indoors when you hear thunder. Do not resume outdoor activities
until at least 30 minutes after the storm has passed.
Do not drive through flooded roads or underpasses. Avoid low lying
areas near small streams.
Frequent cloud to ground lightning is occurring with this storm.
Lightning can strike 10 miles away from a thunderstorm. For your
safety, go indoors or to your vehicle.
LAT...LON 4177 7227 4198 7225 4195 7147 4169 7151
TIME...MOT...LOC 1945Z 276DEG 31KT 4188 7216
MAX HAIL SIZE...0.00 IN
MAX WIND GUST...40 MPH
_____
Copyright 2022 AccuWeather | https://www.michigansthumb.com/weather/article/CT-WFO-BOSTON-Warnings-Watches-and-Advisories-17362352.php | 2022-08-09T20:19:16Z | https://www.michigansthumb.com/weather/article/CT-WFO-BOSTON-Warnings-Watches-and-Advisories-17362352.php | true | 10 |
AP PHOTOS: Serena Williams, the athlete and cultural icon The Associated Press
Aug. 9, 2022 Updated: Aug. 9, 2022 3:05 p.m.
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1of 24 FILE - Serena Williams attends The Metropolitan Museum of Art's Costume Institute benefit gala celebrating the opening of the "Camp: Notes on Fashion" exhibition on Monday, May 6, 2019, in New York. Saying “the countdown has begun,” 23-time Grand Slam champion Serena Williams announced Tuesday, Aug. 9, 2022, she is ready to step away from tennis so she can turn her focus to having another child and her business interests, presaging the end of a career that transcended sports. (Photo by Charles Sykes/Invision/AP, File) Charles Sykes/Charles Sykes/Invision/AP Show More Show Less
2of 24 FILE - Serena Williams holds the championship trophy after beating Victoria Azarenka, of Belarus, in the championship match at the 2012 U.S. Open tennis tournament, Sunday, Sept. 9, 2012, in New York. Serena Williams says she is ready to step away from tennis after winning 23 Grand Slam titles, turning her focus to having another child and her business interests. “I’m turning 41 this month, and something’s got to give,” Williams wrote in an essay released Tuesday, Aug. 9, 2022, by Vogue magazine. Mike Groll/AP Show More Show Less 3of 24
4of 24 FILE - Serena Williams wears a creation as part of the Off-White Ready To Wear Fall/Winter 2022-2023 fashion collection, unveiled during the Fashion Week in Paris, Monday, Feb. 28, 2022. (Photo by Vianney Le Caer/Invision/AP, File) Vianney Le Caer/Vianney Le Caer/Invision/AP Show More Show Less
5of 24 FILE - Serena Williams, of the United States, makes a return to compatriot Lindsay Davenport during their semifinal match at the U.S. Open tennis tournament, Friday, Sept. 6, 2002, in New York. Saying “the countdown has begun,” 23-time Grand Slam champion Serena Williams announced Tuesday, Aug. 9, 2022, she is ready to step away from tennis so she can turn her focus to having another child and her business interests, presaging the end of a career that transcended sports. Elise Amendola Show More Show Less 6of 24
7of 24 FILE - Serena Williams arrives for the "Fashion Rocks" event at New York's Radio City Music Hall, Wednesday Sept. 8, 2004. Saying “the countdown has begun,” 23-time Grand Slam champion Serena Williams announced Tuesday, Aug. 9, 2022, she is ready to step away from tennis so she can turn her focus to having another child and her business interests, presaging the end of a career that transcended sports. Tina Fineberg Show More Show Less
8of 24 FILE - Serena Williams of the U.S. holds the trophy after defeating Maria Sharapova of Russia in the women's singles final at the Australian Open tennis championship in Melbourne, Australia, Saturday, Jan. 31, 2015. Saying “the countdown has begun,” 23-time Grand Slam champion Serena Williams announced Tuesday, Aug. 9, 2022, she is ready to step away from tennis so she can turn her focus to having another child and her business interests, presaging the end of a career that transcended sports. Lee Jin-man/AP Show More Show Less 9of 24
10of 24 FILE - Serena Williams greets the crowd after showing her Serena Williams Signature Statement Spring 2017 collection during Fashion Week in New York, Monday, Sept. 12, 2016. Saying “the countdown has begun,” 23-time Grand Slam champion Serena Williams announced Tuesday, Aug. 9, 2022, she is ready to step away from tennis so she can turn her focus to having another child and her business interests, presaging the end of a career that transcended sports. Seth Wenig/AP Show More Show Less
11of 24 FILE - Serena Williams attends the Gucci "Love Parade" fashion show on Tuesday, Nov. 2, 2021, in Los Angeles. Saying “the countdown has begun,” 23-time Grand Slam champion Serena Williams announced Tuesday, Aug. 9, 2022, she is ready to step away from tennis so she can turn her focus to having another child and her business interests, presaging the end of a career that transcended sports. (Photo by Jordan Strauss/Invision/AP, File) Jordan Strauss/Jordan Strauss/Invision/AP Show More Show Less 12of 24
13of 24 FILE - U.S. tennis star Serena Williams models her latest tennis outfit at a media launch in Melbourne, Australia, Thursday, Jan. 13, 2005. Saying “the countdown has begun,” 23-time Grand Slam champion Serena Williams announced Tuesday, Aug. 9, 2022, she is ready to step away from tennis so she can turn her focus to having another child and her business interests, presaging the end of a career that transcended sports. Mark Baker Show More Show Less
14of 24 FILE - Serena Williams acknowledge cheers after showing her Spring 2015 collection during Fashion Week on Tuesday, Sept. 9, 2014 in New York. Saying “the countdown has begun,” 23-time Grand Slam champion Serena Williams announced Tuesday, Aug. 9, 2022, she is ready to step away from tennis so she can turn her focus to having another child and her business interests, presaging the end of a career that transcended sports. Bebeto Matthews/AP Show More Show Less 15of 24
16of 24 FILE - U.S. Open 2014 tennis champion Serena Williams, left, poses with U.S. Open runner-up Caroline Wozniacki before showing her Spring 2015 collection during Fashion Week in New York, Sept. 9, 2014. Saying “the countdown has begun,” 23-time Grand Slam champion Serena Williams announced Tuesday, Aug. 9, 2022, she is ready to step away from tennis so she can turn her focus to having another child and her business interests, presaging the end of a career that transcended sports. Bebeto Matthews Show More Show Less
17of 24 FILE - Serena Williams of the United States holds the trophy during a photo call after beating Justine Henin of Belgium, to win the women's singles final match at the Australian Open tennis championship in Melbourne, Australia, Saturday, Jan. 30, 2010. Saying “the countdown has begun,” 23-time Grand Slam champion Serena Williams announced Tuesday, Aug. 9, 2022, she is ready to step away from tennis so she can turn her focus to having another child and her business interests, presaging the end of a career that transcended sports. John Donegan/AP Show More Show Less 18of 24
19of 24 FILE - Serena Williams appears on the runway after her Spring 2016 collection was presented during Fashion Week in New York, Tuesday, Sept. 15, 2015. Saying “the countdown has begun,” 23-time Grand Slam champion Serena Williams announced Tuesday, Aug. 9, 2022, she is ready to step away from tennis so she can turn her focus to having another child and her business interests, presaging the end of a career that transcended sports. Mary Altaffer/AP Show More Show Less
20of 24 FILE - Serena Williams of the United States screams in her match against her sister, Venus, in the women's singles final at the Australian Open Tennis Tournament in Melbourne, Saturday, Jan. 25, 2003. Saying “the countdown has begun,” 23-time Grand Slam champion Serena Williams announced Tuesday, Aug. 9, 2022, she is ready to step away from tennis so she can turn her focus to having another child and her business interests, presaging the end of a career that transcended sports. Rick Stevens Show More Show Less 21of 24
22of 24 FILE - Serena Williams holds her daughter Alexis Olympia Ohanian Jr., and the ASB trophy after winning her singles finals match against Jessica Pegula at the ASB Classic in Auckland, New Zealand, Sunday, Jan 12, 2020. Serena Williams says she is ready to step away from tennis after winning 23 Grand Slam titles, turning her focus to having another child and her business interests. “I’m turning 41 this month, and something’s got to give,” Williams wrote in an essay released Tuesday, Aug. 9, 2022, by Vogue magazine. (Chris Symes/Photosport via AP, File) Chris Symes/AP Show More Show Less
23of 24 FILE - Serena Williams, of the U.S., celebrates as she defeats Russia's Maria Sharapova during the women's final match of the French Open tennis tournament at Roland Garros stadium Saturday, June 8, 2013 in Paris. Williams won 6-4, 6-4. Serena Saying “the countdown has begun,” 23-time Grand Slam champion Serena Williams announced Tuesday, Aug. 9, 2022, she is ready to step away from tennis so she can turn her focus to having another child and her business interests, presaging the end of a career that transcended sports. David Vincent/AP Show More Show Less 24of 24
After winning 23 Grand Slam titles, Serena Williams says she is turning her focus to having another child and her business interests as she readies to step away from tennis.
“I’m turning 41 this month, and something’s got to give,” Williams wrote in an essay released Tuesday by Vogue magazine, and a post on Instagram.
“There comes a time in life when we have to decide to move in a different direction. That time is always hard when you love something so much. My goodness do I enjoy tennis. But now, the countdown has begun,” Williams wrote on Instagram. “I have to focus on being a mom, my spiritual goals and finally discovering a different, but just (as) exciting Serena. I’m gonna relish these next few weeks.”
Williams, one of the most accomplished athletes in the history of her — or any other — sport, has seven titles apiece at Wimbledon and the Australian Open, six U.S. Open wins, plus three at the French Open, across a career remarkable for its peaks and its longevity. She also owns 14 Grand Slam doubles championships, all won with her older sister, Venus.
She has done plenty outside of tennis, too.
That includes forays into business with investment firm Serena Ventures and entertainment via past acting roles and executive produced “King Richard,” the film about her father that was nominated for five Academy Awards. She launched a fashion collection in 2018 after collaborations with HSN and Nike, made multiple appearances on the red carpet at the annual Met Gala in New York and appeared on the cover of Vogue magazine.
“Serena Williams is a generational, if not multi-generational, talent who had a profound impact on the game of tennis, but an even greater influence on women in sports, business and society. At a time when our nation and the world have wrestled with essential issues of identity, Serena has stood as a singular exemplar of the best of humanity after breaking through countless barriers to her participation and ultimate success,” U.S. Open tournament director Stacey Allaster said.
“She leaves an indelible legacy of grace and grit that will inspire athletes, female and male, for many generations to come. We can’t thank her enough for all she has done for our sport.”
___
More AP tennis: https://apnews.com/hub/tennis and https://twitter.com/AP_Sports | https://www.mysanantonio.com/news/article/AP-PHOTOS-Serena-Williams-the-athlete-and-17362404.php | 2022-08-09T20:19:59Z | https://www.mysanantonio.com/news/article/AP-PHOTOS-Serena-Williams-the-athlete-and-17362404.php | true | 22 |
Lincoln Intermediate Unit 12 partners with Proactive MD opening two state-of-the-art Health Centers, offering school district employees new healthcare benefits.
NEW OXFORD, Pa., Aug. 9, 2022 /PRNewswire/ -- Lincoln Intermediate Unity (LIU) 12 has tapped Proactive MD, the transformative and rapidly-growing advanced primary care provider, to serve more than 2,800 educators in South Central Pennsylvania. With extensive experience serving school districts across the country, Proactive MD will take LIU12's healthcare to a whole new level with two new Health Centers serving York, Adams, and Franklin counties.
"We're thrilled to expand into Pennsylvania and are committed to providing the best possible care to those we serve in LIU12," said John Collier, founder and CEO of Proactive MD. "Each life we touch is precious to us. We look forward to making a difference in the healthcare journeys of these educators and to help contain costs for the school districts."
Proactive MD partners with employers to provide broad-scope advanced primary care that extends beyond the clinic walls, offering a patient-centric model that guides the patient journey, delivers high-touch and high-quality care, and leverages data to cut costs for employers.
"We chose Proactive MD as our healthcare solution because they demonstrate relentless commitment to quality care – in many school districts and other industries," said Dr. Jeff West, executive director of LIU12. "They don't just refer patients to a specialist and expect them to figure it out themselves. They play a quarterback role in the entire continuum of care, ensuring patients get the best possible outcome."
LIU12 is a member of an innovative healthcare consortium known as the Lincoln Benefit Trust (LBT) managed by Marty Schuj. The LBT identifies and administers benefit offerings to the schools with attention to addressing rising health care costs and improving the value of the school's health benefits. Reasonably, LIU12 sought to evaluate the benefits of an onsite advanced primary care model. LIU12 contracted with Erin Eason, National Director of CBIZ's clinical consulting practice who performed a feasibility study, stakeholder interviews, and an in-depth needs analysis before proceeding with a review of vendors in a public Request for Proposals (RFP). Erin shared, "they were diligent in their selection process while ensuring they selected the partner that would best help them achieve their specific goals, their team members' overall health and well-being needs were always in the forefront."
Proactive MD was selected by LIU12 to serve their faculty, staff, and their families to provide better access to advanced primary care. The advanced primary care health center model is a service LIU12 is making available to employees and families of other member schools within the LBT and currently planning to open a third health center campus in Franklin County.
"As Pennsylvania School Districts seek to curb rising health care costs and protect the value of their health benefits, we could not recommend Proactive MD more highly," said Marty Schuj, Trust Manager at LBT. "Their mission fits hand in hand with ours, and we look forward to seeing consistent and improved healthcare in our schools."
The Health Centers opened in Spring of 2022 serving all LIU12 employees and their families covered on the LIU12 benefits plan.
Patients and employers benefit from Proactive MD's total health care and population health management solution, which offers Advanced Primary Care Health Centers at member companies. By elevating the standard of primary care and going above and beyond the typical boundaries of health care, Proactive MD meets each employee's unique care needs. Proactive MD's model is built on the foundation of strong physician-patient relationships and dedicated Patient Advocates, empowered by advanced population health insights, to personally guide and advise employees through the full care continuum. Today, Proactive MD is headquartered in Simpsonville, SC and operates in 17 states with more than 70 Health Centers across the U.S. For more information, please contact us at info@proactive.md or visit https://www.proactive.md.
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SOURCE Proactive MD | https://www.wdam.com/prnewswire/2022/08/09/proactive-md-expands-into-pennsylvania-delivering-advanced-primary-care-educators-york-adams-franklin-counties/ | 2022-08-09T20:20:44Z | https://www.wdam.com/prnewswire/2022/08/09/proactive-md-expands-into-pennsylvania-delivering-advanced-primary-care-educators-york-adams-franklin-counties/ | false | 12 |
Energy bills are set to sky-rocket to an astronomical £4,200 in January, according to a damning new forecast.
The price cap will more than double in the new year before costs surge yet again to hit £4,400 by April.
Cornwall Insight says the average home will pay £3,582 a year from October 2022, up from £1,971 today, and £4,266 a year from January 2023.
READ MORE: Three quarters of small business owners 'have had to pass rising costs to customers'
The energy market analyst’s prediction represents a £650 increase when compared to its estimates last week, based on “a change in calculation methodology” by Ofgem.
Consumer rights champion Martin Lewis called it “tragic news” and warned the increase is “unaffordable for millions” and a matter of life or death for struggling households.
He tweeted: “Action and planning is needed now. The zombie government needs to wake up sooner than 5 Sept.
“The leadership debate must not ignore this portentous national cataclysm any more.
“An action plan is needed TODAY. People’s livelihoods, mental wellbeing and in some cases very lives depend on this.”
To stay up to date with all the latest news, make sure you sign up to one of our newsletters here.
Households already owe £1.3bn to their energy suppliers two months before bills are set to soar by more than 80%, according to a separate study.
The overall debt bill is already three times higher than it was a year ago, according to Uswitch experts, who warned it will grow further over the winter.
Lib Dem leader Sir Ed Davey has accused both Conservative leadership candidates, Rishi Sunak and Liz Truss, of being in a “parallel universe” and insisted they “act now”.
He called on the Government to “cancel the October energy price rise”, adding: “If it does, it will avoid a social catastrophe.”
Mr Davey warned “millions of families and pensioners will go hungry and cold this winter unless bold measures” are put in place.
The cost of living has become a key issue in the Tory leadership race.
Mr Sunak has vowed to extend his package of support that gave £400 off every household’s energy bill while those on benefits received a further £650.
However Ms Truss is resisting any “handouts”, saying she does not believe in “taxing people to the highest level in 70 years” only to give their money back.
Rocketing energy bills have been caused by the rising price of natural gas, partly as a result of the war in Ukraine.
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- One in three Brits who sell goods online claim they have a 'side hustle' | https://www.dailystar.co.uk/news/latest-news/martin-lewis-says-brits-face-27700771 | 2022-08-09T20:20:45Z | https://www.dailystar.co.uk/news/latest-news/martin-lewis-says-brits-face-27700771 | false | 1 |
MONTREAL - Three years after new rules came into force, the regulator overseeing Canadian airlines has not issued any fines related to passenger compensation claims for flight delays and cancellations.
Air passenger rights advocate Gabor Lukacs says that reveals a reluctance by the Canadian Transportation Agency to exercise its authority on consumers' behalf.
The lack of fines so far comes despite a flood of complaints made by travellers both formally and through social media who say their claims for compensation were rejected after airlines cancelled or held up their trips amid the airport chaos of the past few months.
The country's passenger rights charter mandates airlines to pay up to $1,000 for cancellations or significant delays that stem from reasons within the carrier's control when the notification comes 14 days or less before departure.
But carriers including Air Canada and WestJet have denied payments on the basis of crew shortages, deeming the reason a safety issue exempt from compensation, despite the agency's stance that lack of staff typically falls within the airline's control and therefore should result in compensation.
The Canada Transportation Act grants the agency the power to probe companies and individuals that it believes have breached the legislation, allowing it to demand documents, search premises and issue fines of up to $25,000.
This report by The Canadian Press was first published Aug. 9, 2022.
Companies in this story: (TSX:AC) | https://www.pentictonherald.ca/business_news/national_business/article_fdc7edf5-28e2-5a8e-b2c5-9e18c2cd9f92.html | 2022-08-09T20:20:55Z | https://www.pentictonherald.ca/business_news/national_business/article_fdc7edf5-28e2-5a8e-b2c5-9e18c2cd9f92.html | true | 5 |
Videojet Technologies, a global supplier of coding and marking systems, recently announced the availability of a 6-inch tamp applicator for its innovative Videojet 9550 Print & Apply Labeler for cases and pallets.
The Videojet 9550 print and apply system has proven widely successful due to the groundbreaking design that eliminates the mechanical adjustments, wear parts and failure points that can cause everyday operational problems in other label print and apply (LPA) systems. Building on the available Videojet 9550 4-inch tamp model, the new 9550 6-inch tamp model offers even more flexibility when labeling pallets, bundles and cases of variable heights.
Requiring minimal adjustments to its mounting orientation because it can accommodate longer labels, the 9550 6-inch tamp printhead meets a growing need for manufacturers who label shrink and stretch-wrapped pallets. The 6-inch tamp printhead features a dynamic auto re-track system that allows the applicator to sense different heights on boxes and retract when it contacts the box surface. The auto re-track system can serve as a safety feature, and thanks to the applicator’s swing pivot, the 9550 6-inch tamp gives operators easy access for cleaning, maintenance and replacing labels.
“With a 6-inch tamp, you can use labels that measure up to 6 inches in length, whether mounting the printer vertically or horizontally on its stand. This means manufacturers can include even more pertinent information in the available space on the label to accommodate industry requirements,” said Carl Chaplin, Product Manager for Videojet.
The standard unit features a 6x6 inch tamp pad. Taller labels can be accommodated with an optional 6x8 inch tamp pad size. | https://www.packagingstrategies.com/articles/97043-videojet-introduces-9550-print-and-apply-labeling-system-with-new-6-inch-tamp-option | 2022-08-09T20:21:12Z | https://www.packagingstrategies.com/articles/97043-videojet-introduces-9550-print-and-apply-labeling-system-with-new-6-inch-tamp-option | true | 2 |
Chrisean Rose Atlanta father and 2 year old daughter removed from Frontier Airlines flight after dad insisted on letting ’emotional’ daughter sit on his lap.
An Atlanta man was removed from a recent Frontier Airlines flight after insisting on letting his 2 year old ‘emotional’ daughter sit on his lap.
Chrisean Rose had taken his 2 year old, Rayana, for a quick trip to Orlando, with father and daughter heading back home, when a flight attendant prior to take off noticed the girl sitting on her father’s lap.
The flight attendant according to the father, threatened to have him arrested, if he didn’t have the girl returned to her seat, next to her father.
At 25 months old, Rayana is one month too old to be held during departure as per FAA rules. FAA policies mandate children older than 2 years old be required to sit in their own seat for the child’s own safety, particularly in the event of severe turbulence.
Rose who had booked with another airline during his travels to Orlando, said he was shocked when Frontier Airlines took exception to him seeking to calm his emotional daughter.
I’m just trying to comfort her,’
‘Spirit allowed for me to fly with her in my lap,’ the dad told WSB-TV.
Frontier staff insisted Rayana had to return to her seat.
‘She’s a small kid; she’s nervous. I explained to the flight attendant that this is only our first time traveling and she’s a little bit nervous,’ Rose said in video he recorded of the incident.
When Chrisean couldn’t get the toddler back in her seat, matters escalated.
‘It’s wrong for you to do that, I’m just trying to comfort her,’ the dad recalled telling the attendant.
The flight was taxiing, only to return to the gate, where the father and daughter were made to get off the flight.
Frontier Airlines released a statement saying in part:
‘It is an FAA requirement that all passengers over the age of 24 months must be buckled into their own seat for takeoff and landing. The parent refused to comply and therefore was asked to exit the aircraft with the child.’
‘Babies don’t understand policies,’ the Atlanta dad said.
Chrisean upon being forced off Frontier, bought another flight with Delta, where he says Rayana sat with him the entire time.
While acknowledged that there is a policy, the father had hoping Frontier would be flexible like the other airline carriers.
‘I did not think it needed to be that far. I mean, arrest for what? For a kid crying?’ the dad said. | https://scallywagandvagabond.com/2022/08/chrisean-rose-frontier-airlines-removes-atlanta-father-2-yr-old-daughter-violating-policy/ | 2022-08-09T20:21:25Z | https://scallywagandvagabond.com/2022/08/chrisean-rose-frontier-airlines-removes-atlanta-father-2-yr-old-daughter-violating-policy/ | false | 1 |
Police arrest 'primary suspect' in killings of 4 Muslim men in Albuquerque
Albuquerque police say they have detained the “primary suspect” in the killings of four Muslim men in New Mexico's largest city.
Police Chief Harold Medina on Tuesday announced the update on Twitter. The killings have sent ripples of fear through Islamic communities in New Mexico and beyond and fueled a race to find who was responsible.
“We tracked down the vehicle believed to be involved in a recent murder of a Muslim man in Albuquerque. The driver was detained and he is our primary suspect for the murders,” the tweet said.
No other information was immediately available. Police say they will provide an update on Tuesday afternoon.
Naeem Hussain was killed Friday night, and the three other men died in ambush shootings.
Hussain, 25, was from Pakistan. His death came just days after those of Muhammad Afzaal Hussain, 27, and Aftab Hussein, 41, who were also from Pakistan and members of the same mosque.
The earliest case involves the November killing of Mohammad Ahmadi, 62, from Afghanistan.
Video above: Recent killings of Muslim men still not being defined as hate crimes; but hate crimes are a harsh reality for Muslim Americans
Authorities on Monday sought help searching for a vehicle that appeared to be the one discovered on Tuesday. The common elements in the deaths were the victims’ race and religion, officials said, and police in Albuquerque are trying to determine if the deaths are linked.
Debbie Almontaser, a Muslim community leader in New York, said that a female friend who lives in Michigan and wears the hijab head covering shared with her over the weekend just how rattled she was. “She’s like, ‘This is so terrifying. I’m so scared. I travel alone,’” Almontaser said.
Aneela Abad, general secretary at the Islamic Center of New Mexico, described a community reeling from the killings, its grief compounded by confusion and fear of what may follow.
“We are just completely shocked and still trying to comprehend and understand what happened, how and why,” she said.
Some people have avoided going out unless “absolutely necessary,” and some Muslim university students have been wondering whether it is safe for them to stay in the city, she said. The center has also beefed up its security.
Police said the same vehicle is suspected of being used in all four homicides — a dark gray or silver four-door Volkswagen that appears to be a Jetta or Passat with dark tinted windows. Authorities released photos hoping people could help identify the car and offered a $20,000 reward for information leading to an arrest.
Investigators did not say where the images were taken or what led them to suspect the car was involved in the slayings. Police spokesperson Gilbert Gallegos said in an email Monday that the agency has received tips regarding the car but did not elaborate.
“We have a very, very strong link,” Albuquerque Mayor Tim Keller said Sunday. “We have a vehicle of interest … We have got to find this vehicle.”
Gallegos said he could not comment on what kind of gun was used in the shootings, or whether police know how many suspects were involved in the violence.
President Joe Biden said he was “angered and saddened” by the killings and that his administration “stands strongly with the Muslim community.”
“These hateful attacks have no place in America,” Biden said Sunday in a tweet.
The conversation about safety has also dominated WhatsApp and email groups that Almontaser is on.
“What we’ve seen happen in New Mexico is very chilling for us as a Muslim minority community in the United States that has endured so much backlash and discrimination” since the 9/11 attacks, she said. “It’s frightening.”
Few anti-Muslim hate crimes have been recorded in Albuquerque over the last five years, according to FBI data cited by Brian Levin, director of the Center for the Study of Hate and Extremism and a professor of criminal justice at California State University at San Bernardino.
From 2017 through 2020, there was one anti-Muslim hate crime a year. The highest recent number was in 2016, when Albuquerque police recorded six out of a total of 25 hate crimes.
That largely tracks with national trends, which hit the lowest numbers in a decade in 2020, only to increase by 45% in 2021 in a dozen cities and states, Levin said.
Albuquerque authorities say they cannot determine if the slayings were hate crimes until they have identified a suspect and a motive.
Louis Schlesinger, a forensic psychology professor at John Jay College of Criminal Justice in New York, said bias killings are often perpetrated by a small group of people, typically young white men. A lone perpetrator is rare.
“These are basically total losers by every dimension, whether it’s social, economic, psychological, what have you,” he said. “They’re filled with hatred for one reason or another and target a particular group that they see, in their mind, to blame for all their problems in life.”
It was not clear whether the victims knew their attacker or attackers.
The most recent victim was found dead after police received a call of a shooting. Authorities declined to say whether the killing was carried out in a way similar to the other deaths.
Muhammad Afzaal Hussain had worked as a field organizer for a local congresswoman’s campaign.
Democratic Rep. Melanie Stansbury issued a statement praising him as “one of the kindest and hardest working people” she has ever known. She said the urban planner was “committed to making our public spaces work for every person and cleaning up legacy pollution.”
As land-use director for the city of Española — more than 85 miles north of Albuquerque — Hussain worked to improve conditions and inclusivity for disadvantaged minorities, the mayor's office said. | https://www.wdsu.com/article/albuquerque-police-arrest-primary-suspect-in-killings-of-4-muslim-men-new-mexico/40850282 | 2022-08-09T20:22:53Z | https://www.wdsu.com/article/albuquerque-police-arrest-primary-suspect-in-killings-of-4-muslim-men-new-mexico/40850282 | false | 22 |
The European Medicines Agency (EMA) has started a rolling review of a variant-adapted COVID-19 vaccine from Pfizer and BioNTech, it said on Tuesday.
The so-called bivalent vaccine targets two strains of the SARS-CoV-2 virus behind COVID – the original strain first identified in China, and the Omicron offshoots BA.4/5 that are currently behind most cases in Europe.
A rolling review means the EMA assesses the data as it becomes available, and the process continues until there is enough data for a formal marketing application.
Last month, the EMA said it had begun a rolling review of another version of the companies’ shot which targets the original SARS-CoV-2 strain and Omicron subvariant BA.1.
While existing coronavirus vaccines continue to provide good protection against hospitalisation and death, vaccine effectiveness has taken a hit as the virus has evolved.
European Union officials plan to use bivalent shots in their autumn vaccination campaign, with most cases in the region now linked to the BA.5 variant. | https://cde.news/eu-regulator-begins-review-of-pfizer-biontechs-variant-adapted-covid-shot/ | 2022-08-09T20:23:07Z | https://cde.news/eu-regulator-begins-review-of-pfizer-biontechs-variant-adapted-covid-shot/ | false | 3 |
You need to enable JavaScript to run this app. | https://sportspyder.com/nfl/cleveland-browns/articles/40343548 | 2022-08-09T20:27:06Z | https://sportspyder.com/nfl/cleveland-browns/articles/40343548 | true | null |
GREAT CHOCOLATE SHOWDOWN – Saturday, August 13, 2022, at 8pm on CW50
SEASON PREMIERE – Ten home bakers enter the kitchen and put their spin on a chocolate carousel filled with decadent mini desserts.
READ MORE: Chalking Tires Illegal, Judge Says, But Saginaw Gets Big BreakIn the Elimination Challenge, the bakers give a sweet introduction to who they are with a dessert inspired by an item from the Cabinet of Curiosities (#301).
READ MORE: LeBron James School Student Treated To VIP Access By NASCAROriginal airdate 8/11/2022.
Every episode of GREAT CHOCOLATE SHOWDOWN will be available to stream on The CW App and CWTV.com the day after broadcast for free and without a subscription, log-in or authentication required.
MORE NEWS: MSP: Pursuit Of Stolen Vehicle With Murder Suspect Ends In Crash On I-275 In Livonia | https://cwdetroit.cbslocal.com/2022/08/09/a-sweet-meet-and-greet-great-chocolate-showdown-2/ | 2022-08-09T20:28:11Z | https://cwdetroit.cbslocal.com/2022/08/09/a-sweet-meet-and-greet-great-chocolate-showdown-2/ | false | 2 |
Thanos: Death Notes Explores Thor's Death at the Hands of the Mad Titan
Marvel is launching a Thanos-centered one-shot that will explore the Mad Titan's past, present, and future, including his connection to Thor's potential death. Thanos: Death Notes is a November one-shot that spins out of Donny Cates and Nic Klein's Thor run where the God of Thunder witnessed a terrifying future where Thanos wielded an Infinity Stones-encrusted Mjolnir while also leading an army of Marvel Zombies. Ever since the "Black Winter" storyline, Thor has been obsessed with stopping that dark future from coming to pass. Thanos: Death Notes will feature an all-star lineup of creators, including some who have previously worked on Thor.
J. Michael Straczynski, Torunn Grønbekk, Kyle Starks, Christopher Cantwell, Andrea Di Vito, Travel Foreman, and Ron Lim are the names attached to Thanos: Death Notes. Straczynski and Olivier Coipel relaunched Thor for a fan-favorite run in 2008, revitalizing the franchise for the creators who followed them. As for Lim, he's one of Thor's most definitive artists.
"Ever since the Black Winter gave Thor a glimpse of how he was going to die way back in Thor #6, and Thor saw that it was going to be at the hands of a Thanos wielding not only an Infinity Stones-encrusted Mjolnir but also seemingly a new black Infinity Stone (not to mention with an army of undead super heroes and villains at his side), Thor has been working to prevent this horrific fate," said Editor Wil Moss. "In this Thanos one-shot, his quest brings him to look to Thanos' past for clues. But in doing so, will Thor learn something of use, or merely realize that Thanos truly is inevitable? Big things are set up here, brought to you by an all-star cast of creators -- don't miss it!"
Thanos is currently dead after being elected and serving as the Prime Eternal in Kieron Gillen and Esad Ribić's Eternals series. The immortal group is embroiled in the A.X.E.: Judgment Day event between the Eternals, X-Men, and Avengers.
For more details on how Marvel plans to set up Thanos' next great era, make sure to pick up Thanos: Death Notes #1 on November 30th.
- THANOS: DEATH NOTES #1
- Written by J. MICHAEL STRACZYNSKI, TORUNN GRØNBEKK, KYLE STARKS, & CHRISTOPHER CANTWELL
- Art by ANDREA DI VITO, RON LIM, TRAVEL FOREMAN, & MORE
- Cover by ANDREA SORRENTINO
- On Sale 11/30
- Thanos is missing, presumed dead after the chilling events of Kieron Gillen and Esad Ribić's ETERNALS. But Thor has seen a vision of his return. And it is enough to make even a God fear. To prepare himself, to prepare the universe, Thor desperately searches for answers in Thanos' past…and finds a glimpse of the Marvel Universe's dark future. | https://comicbook.com/marvel/news/thanos-death-notes-past-present-future-thor-death-one-shot/ | 2022-08-09T20:28:53Z | https://comicbook.com/marvel/news/thanos-death-notes-past-present-future-thor-death-one-shot/ | true | 1 |
ROCHESTER, N.Y., Aug. 9, 2022 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI) ("Vuzix" or the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products, today reported its second quarter results for the period ended June 30, 2022.
"Despite the macro challenges that persisted throughout our second quarter, we were able to achieve both sequential and modest year-over-year product sales growth," said Paul Travers, President and CEO. "More importantly, we continued to make steady progress in our pursuit of larger product deployments with many enterprise accounts, especially within warehousing and logistics as well as healthcare. At the same time, we continued to execute on opportunities to expand and strengthen our global sales channel in select regions. On the OEM side of our business, we are seeing growing interest in our waveguide and display engine solutions from both new and existing customers across the defense, consumer and enterprise sectors."
The following table compares condensed elements of the Company's unaudited summarized Consolidated Statements of Operations data for the three months ended June 30, 2022 and 2021, respectively:
Second Quarter 2022 Financial Results
For the three months ended June 30, 2022, total revenues increased by 3% to $3.0 million versus $2.9 million for the comparable period in 2021. Sales of Vuzix smart glasses products and engineering services were relatively unchanged in the period.
There was an overall gross profit of $0.4 million or 14% of revenues for the three months ended June 30, 2022 as compared to $0.6 million or 20% for the same period in 2021. The decrease was largely due to a higher level of sales discounts on a large unit volume sale and negative foreign exchange impacts from our non-US dollar denominated sales.
Research and Development (R&D) expense was $3.0 million for the three months ended June 30, 2022 compared to $2.7 million for the comparable 2021 period, an increase of approximately 10%. The rise in R&D expense was largely due to increases in external development expenses related to Shield smart glasses and salary and benefits expenses.
Selling and Marketing expense was $1.9 million for the three months ended June 30, 2022, versus $1.3 million the comparable 2021 period, an increase of approximately 37%. The rise was primarily due to increases in salary and benefits expenses due to headcount increases.
General and Administrative expense for the three months ended June 30, 2022 was $5.0 million versus $5.2 million for the comparable 2021 period, a decrease of approximately 3%. The decline was primarily due to lower shareholder and IR related expenses.
The net loss for the three months ended June 30, 2022 was $10.0 million or $0.16 cents per share versus a net loss of $9.2 million or $0.15 for the same period in 2021.
The net cash operating loss after adding back non-cash items for the second quarter of 2022 was $5.5 million as compared to a loss of $4.6 million for the second quarter of 2021. As of June 30, 2022, the Company maintained cash and cash equivalents of $100.6 million and an overall working capital position of $109.1 million.
Management Outlook
"Notwithstanding the challenging supply chain and economic environments that remain in place, our outlook for the balance of 2022 continues to be positive with the expectation that our second half revenue will see further growth. Enterprise adoption of our smart glasses is poised to accelerate with larger orders anticipated from repeat and, in some cases, very large new customers that should ultimately represent significant units and dollar values. These major customers, with which we are already engaged and shipping to, remain committed to deploying Vuzix smart glasses in larger numbers and we believe it is now just a matter of when, and not if, for all of them," said Mr. Travers.
"Our OEM business is no less exciting in terms of the engagements already underway and the numerous new opportunities appearing regularly. Our OEM revenue in the second half of 2022 is expected to experience strong growth as we begin to leverage the investments that we have already made in our core technology and OEM platform. The significant improvements we have made in our waveguide performance and quality and our ability to manufacture in volume and at very competitive price points has opened and will continue to open new doors with consumer OEM customers. And on the defense side, the expiration of our non-compete and unique status as a US-based manufacturer and supplier of waveguides, ideally positions us to readily engage with any US or allied defense and homeland defense forces around the world," concluded Mr. Travers.
Conference Call Information
Date: Tuesday, August 9, 2022
Time: 4:30 p.m. Eastern Time (ET)
Dial-in Number for U.S. & Canadian Callers: 877-709-8150
Dial-in Number for International Callers (Outside of the U.S. & Canada): 201-689-8354
A live and archived webcast of the conference call will be available on the investor relations page of the Company's website at: https://ir.vuzix.com/ or directly at https://event.choruscall.com/mediaframe/webcast.html?webcastid=q6sCimQK
Participating on the call will be Vuzix' Chief Executive Officer and President Paul Travers and Chief Financial Officer Grant Russell, who together will discuss operational and financial highlights for the quarter ended June 30, 2022.
To join the live conference call, please dial into the above referenced telephone numbers five to ten minutes prior to the scheduled conference call time.
A telephonic replay will be available for 30 days, starting on August 9, 2022, at approximately 5:30 p.m. (ET). To access this replay, please dial 877-660-6853 within the U.S. or Canada, or 201-612-7415 for international callers. The conference replay ID# is 13731800.
About Vuzix Corporation
Vuzix is a leading supplier of Smart-Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets. The Company's products include personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality. Vuzix holds 247 patents and patents pending and numerous IP licenses in the Video Eyewear field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2022 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in Rochester, NY, Oxford, UK, and Tokyo, Japan. For more information, visit Vuzix website, Twitter and
Vuzix website, Twitter and Facebook pages.
Forward-Looking Statements Disclaimer
Certain statements contained in this news release are "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward-looking statements contained in this release relate to, among other things, the timing of new product releases, opportunities related to market disruptions, R&D project successes, smart glasses pilot to roll-out conversion rates, existing and new engineering services and conversion to volume production OEM programs, future operating results, and the Company's leadership in the Smart Glasses and AR display industry. They are generally identified by words such as "believes," "may," "expects," "anticipates," "should" and similar expressions. Readers should not place undue reliance on such forward-looking statements, which are based upon the Company's beliefs and assumptions as of the date of this release. The Company's actual results could differ materially due to risk factors and other items described in more detail in the Company's Annual Reports and other filings with the United States Securities and Exchange Commission and applicable Canadian securities regulators (copies of which may be obtained at www.sedar.com or www.sec.gov). Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law.
Investor Relations Contact
Ed McGregor, Director of Investor Relations
Vuzix Corporation
ed_mcgregor@vuzix.com
Tel: (585) 359-5985
Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 USA,
Investor Information – IR@vuzix.com www.vuzix.com
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2-month-old finds donor heart, transplant surgery successful
LAS VEGAS (KVVU/Gray News) – Parents Franky and Esmeralda Garcia were stunned Friday when they received a call saying a donor’s heart had been located for their two-month-old daughter, Amelia.
The infant underwent an eight-hour surgery the next day, and now the heart beats strongly in Amelia’s body.
“As a mom, we’ve had some really dark days where we wondered what was going to happen to our baby. Are we going to have our child at Christmas? And you think there’s a mom out there, parents, that in their sorrow said yes, said yes to giving our child life,” Esmeralda Garcia told FOX5.
The couple knew before Amelia was born that she would have to undergo surgery for a heart problem, but were shocked to learn she’d need a new heart.
Amelia made it on the transplant list about four weeks ago and had no idea how long it would take for a donor heart.
The donor is anonymous, and the Garcias said, “thank you,” is a huge understatement for what they did for their baby. They want to raise Amelia the best they can for the donor.
“We’ll probably spend the rest of our lives trying to do good for others because so many people have done good for us. I mean, our daughter got the ultimate gift of life,” Esmeralda Garcia said.
The transplant surgery happened at UCLA in Southern California.
The Garcia family said Amelia will remain in the hospital for at least a few weeks, but they plan to stay for three months to ensure everything goes OK before they return home to Las Vegas.
Copyright 2022 KVVU via Gray Media Group, Inc. All rights reserved. | https://www.wfsb.com/2022/08/09/2-month-old-finds-donor-heart-transplant-surgery-successful/ | 2022-08-09T20:32:52Z | https://www.wfsb.com/2022/08/09/2-month-old-finds-donor-heart-transplant-surgery-successful/ | false | 12 |
Record Twelve-Month Natural Gas Distribution Margin and Utility Infrastructure Revenues
2022 Guidance Update Reflects Near-Term Macroeconomic Pressures and Increased Operating Expenses
Optimizing Southwest Gas Corporation to Accelerate Value Creation for Stockholders and Customers
Maximizing Value for All Stockholders By Continuing Review of Strategic Alternatives for Centuri and MountainWest
LAS VEGAS, Aug. 9, 2022 /PRNewswire/ -- Southwest Gas Holdings, Inc. (NYSE: SWX) ("Southwest Gas" or the "Company") today reported second quarter 2022 financial results.
"Our business is fundamentally strong and poised for long-term value creation as we continue to meet the energy needs of our customers. Our second quarter results were very much in-line with our expectations when you exclude certain event-driven expenses at the utility that we do not believe will continue through the remainder of the year and the impact of global supply chain and inflationary headwinds across our infrastructure services portfolio," said Karen S. Haller, President and Chief Executive Officer. "As our Board continues to review alternatives for MountainWest and Centuri, we will continue the disciplined execution of our strategic plan across our business units to deliver performance for our stockholders, customers, and employees."
Ms. Haller, continued, "By optimizing the utility, we are confident that we can improve financial performance and generate significant value. As we focus on the safety and reliability of our service, capital expenditure and rate case process optimization, and operating expense discipline - we will produce strong outcomes for our customers and accelerate value creation for our stockholders."
Southwest Gas Holdings Financial Highlights
- Consolidated net loss of $0.10 per diluted share (and adjusted consolidated earnings of $0.23 per diluted share), compared to consolidated earnings of $0.43 per diluted share for the second quarter of 2021.
- Consolidated net loss of $6.6 million (and adjusted consolidated net income of $15.7 million), compared to consolidated net income of $25.1 million for the second quarter of 2021.
- Record twelve-month natural gas distribution operating margin and utility infrastructure revenues.
- Company-owned Life Insurance ("COLI") policy cash surrender value net decline of $5.2 million ($0.08 per diluted share) for the quarter, compared to a $3.1 million ($0.05 per diluted share) increase for the second quarter of 2021.
- Adjustments to second quarter earnings include $28.9 million of collective nonrecurring shareholder activism/settlement, stockholder litigation, and strategic review expenses, as well as certain MountainWest costs expected to be nonrecurring over the longer term.
Strategic Alternatives Review Process Update
As previously announced, the Southwest Gas Board of Directors (the "Board") unanimously determined to conclude the strategic review process for Southwest Gas Holdings and Southwest Gas Corporation and continue to review strategic alternatives for MountainWest and Centuri, including a sale or spin-off of Centuri. Southwest Gas Corporation's strong long-term rate base growth, improving earned ROEs and favorable regional growth backdrop are expected to drive forward the continued execution of its strategic operating plan while delivering excellent service to customers, creating new opportunities for employees, and providing innovative energy solutions within an evolving energy landscape.
Business Segment Highlights
Natural Gas Distribution
The natural gas distribution segment recorded a net loss of $2.3 million in the second quarter of 2022, compared to net income of $11.4 million in the second quarter of 2021. The current quarter results benefited from improved operating margin, but were impacted by transitory, event-driven expenses, a market-related decrease in COLI amounts, and additional inflationary costs.
Key operational highlights include:
- 39,000 new utility customers added during the past 12 months;
- Record twelve-month operating margin of $1.1 billion;
- Increased operating margin by $15 million compared to the second quarter of 2021, including the impact of new general rates in Nevada effective April 1, 2022;
- $152 million capital investment during the quarter; and
- Customer satisfaction score for the second quarter in 2022 remains at an impressive 95%.
Key drivers of the second quarter performance in 2022 as compared to second quarter performance in 2021 include:
- COLI results declined $8.3 million compared to the second quarter of 2021;
- O&M expense increased $24.7 million compared to the second quarter of 2021 due to:
- Increased interest expense of $4.5 million compared to the second quarter of 2021.
Timing associated with rate relief:
- Nevada rate relief began in Q2 2022; and
- Arizona rate relief anticipated in early 2023.
Natural Gas Distribution Segment Guidance and Outlook:
- ROE in 2023 and beyond of 8%+;
- Five-year utility rate base compound annual growth rate of 5% – 7% (2022 – 2026);
- 5-Year O&M/per customer CAGR of less than 1%;
- 2022 net income guidance of $185 million to $195 million (revised from the previous $200 million to $210 million), primarily due to certain transitory, event-driven costs, which includes COLI earnings of $3 million – $5 million;
- 2022 capital expenditures in support of customer growth, system improvements, and pipe replacement programs, optimized to $600 million to $650 million (previously was $650 million to $700 million); and
- 5-Year capital expenditures of $2.5 – $3.5 billion.
Centuri / Utility Infrastructure Services
The utility infrastructure services segment had net income of $4.7 million in the second quarter of 2022, compared to net income of $15.1 million in the second quarter 2021. While revenues increased $177.5 million over the second quarter of 2021, Centuri's performance was impacted by inflation, mix of work, and increased amortization and interest related to Riggs Distler.
Key operational highlights include:
- Record revenues of $706.1 million, an increase of 34% compared to the second quarter of 2021;
- $125+ million contracted off-shore wind project work continuing in the second half of 2022; significant pending awards for multi-year performance; and
- Significant contract renewal with large electric utility customer.
Key drivers of Centuri's second quarter performance in 2022 as compared to second quarter performance in 2021 include:
- Increases in fuel due to inflation ($8.3 million) and inclusion of Riggs Distler ($2.6 million);
- Negative impact on work mix and volume due to customers' supply chain challenges in procuring necessary materials and equipment;
- Higher cost for subcontractors, equipment rental, and project related travel costs; and
- Increased interest expense ($11 million) and amortization expense ($5.1 million) due to acquisition of Riggs Distler.
Centuri / Utility Infrastructure Services Segment Guidance and Outlook:
- 2022 revenues of $2.65 billion to $2.80 billion;
- 2022 EBITDA margin of 10% to 11% (revised from the previous 11% to 12% due to inflationary and customer supply chain headwinds); and
- 2023 EBITDA margin of 11% - 12% and 9% - 11% CAGR through 2026.
MountainWest / Pipeline and Storage
MountainWest reported $15 million of net income. The Company notes that MountainWest's results were impacted by $4.5 million of pre-tax, nonrecurring expenses, primarily associated with post-acquisition integration costs. After accounting for these nonrecurring expenses, MountainWest results were in line with Company expectations. The Company expects to complete the integration of MountainWest by the first quarter of 2023. In addition, the Company has identified approximately $100 million of incremental growth investment opportunities over the next three years at MountainWest, which are expected to provide future income growth.
Key operational highlights include:
- $62.1 million in recognized revenue; and
- Contributed $15.1 million to consolidated net income and $18.6 million on an adjusted basis.
MountainWest / Pipeline and Storage Segment Guidance and Outlook:
- 2022 revenue of $250 million to $255 million (previously $240 million to $245 million);
- 2022 run rate EBITDA margin of 65% to 67% (updated from 68% to 72%), primarily due to incremental overlapping TSA, labor, and technology integration costs;
- Earnings accretion in 2022 on a run rate basis exclusive of nonrecurring integration costs; and
- Targeting approximately $100 million in incremental growth investment opportunities at MountainWest over the next three years. The Company further expects to construct these projects at an EBITDA build multiple of less than 6x, driving meaningful value creation for stockholders.
Conference Call and Webcast
Southwest Gas will host a conference call on Wednesday, August 10, 2022 at 1:00 p.m. ET to discuss its second quarter 2022 results. The associated press releases and presentation slides are available at https://investors.swgasholdings.com/investor-overview.
The call will be webcast live on the Company's website at www.swgasholdings.com. The telephone dial-in numbers in the U.S. and Canada are toll free: (800) 343-4849 or international (203) 518-9814. The conference ID is SWXQ222. The webcast will be archived on the Southwest Gas website.
Southwest Gas Holdings currently has three business segments:
Southwest Gas Corporation provides safe and reliable natural gas service to over 2 million customers in Arizona, Nevada, and California.
Centuri Group, Inc. is a strategic infrastructure services company that partners with regulated utilities to build and maintain the energy network that powers millions of homes and businesses across the United States and Canada.
MountainWest operates over 2,000 miles of highly contracted, FERC-regulated interstate natural gas pipeline providing transportation and underground storage services in the Rocky Mountain region.
Forward-Looking Statements: This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include, without limitation, statements regarding Southwest Gas Holdings, Inc. (the "Company") and the Company's expectations or intentions regarding the future. These forward-looking statements can often be identified by the use of words such as "will", "predict", "continue", "forecast", "expect", "believe", "anticipate", "outlook", "could", "target", "project", "intend", "plan", "seek", "estimate", "should", "may" and "assume", as well as variations of such words and similar expressions referring to the future, and include (without limitation) statements regarding expectations of continuing growth in 2022. In addition, the statements under headings pertaining to "Guidance and Outlook" that are not historic, constitute forward-looking statements. A number of important factors affecting the business and financial results of the Company could cause actual results to differ materially from those stated in the forward-looking statements. These factors include, but are not limited to, the timing and impact of executing (or not executing) on various strategic alternatives, including whether we will sell or spin Centuri and/or sell MountainWest, the timing and amount of rate relief, changes in rate design, customer growth rates, the effects of regulation/deregulation, tax reform and related regulatory decisions, the impacts of construction activity at Centuri, the potential for, and the impact of, a credit rating downgrade, the costs to integrate MountainWest, future earnings trends, inflation, sufficiency of labor markets and similar resources, seasonal patterns, current and future litigation, and the impacts of stock market volatility. In addition, the Company can provide no assurance that its discussions about future operating margin, operating income, COLI earnings, interest expense, and capital expenditures of the natural gas distribution segment will occur. Likewise, the Company can provide no assurance regarding segment revenues, EBITDA, EBITDA margin or growth rates, that projects expected to be undertaken with results as stated will occur, nor that interest expense patterns will transpire as expected, nor can it provide assurance regarding acquisitions or their impacts, including management's plans or expectations related thereto, including with regard to Riggs Distler or MountainWest. Factors that could cause actual results to differ also include (without limitation) those discussed under the heading "Risk Factors" in Southwest Gas Holdings, Inc.'s most recent Annual Report on Form 10-K and in the Company's and Southwest Gas Corporation's current and periodic reports, including our Quarterly Reports on Form 10-Q, filed from time to time with the SEC. The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its Web site or otherwise. The Company does not assume any obligation to update the forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future developments, or otherwise.
Non-GAAP Measures. This earnings release contains financial measures that have not been calculated in accordance with accounting principles generally accepted in the U.S. ("GAAP"). These non-GAAP measures include (i) adjusted consolidated earnings per diluted share, (ii) adjusted consolidated net income, (iii) natural gas distribution segment adjusted net income (loss), (iv) pipeline and storage segment adjusted net income, (v) utility infrastructure services segment adjusted net income (loss), and (vi) adjusted corporate and administrative net loss. Management uses these non-GAAP measures internally to evaluate performance and in making financial and operational decisions. Management believes that its presentation of these measures provides investors greater transparency with respect to its results of operations and that these measures are useful for a period-to-period comparison of results. Management also believes that providing these non-GAAP financial measures helps investors evaluate the Company's operating performance, profitability, and business trends in a way that is consistent with how management evaluates such performance. Adjusted consolidated net income for the three-, six- and twelve- months ended June 30, 2022 includes adjustments to add back expenses related to the MountainWest acquisition and integration expenses, the stockholder activism and settlement, and the strategic review. Management believes that it is appropriate to adjust for expenses related to the MountainWest acquisition and integration because they are expenses that will not recur in periods following the integration. Management believes it is appropriate to adjust for expenses related to the stockholder activism, proxy contest and related stockholder litigation because these matters are unique and outside of the ordinary course of business for the Company. In addition, utility infrastructure services adjusted net income, adjusted loss for corporate and administrative, and adjusted consolidated net income include adjustments associated with acquisition-related costs, including, as applicable, related to the Riggs Distler and MountainWest acquisitions.
Management also uses the non-GAAP measure operating margin related to its natural gas distribution operations. Southwest recognizes operating revenues from the distribution and transportation of natural gas (and related services) to customers. Gas cost is a tracked cost, which is passed through to customers without markup under purchased gas adjustment ("PGA") mechanisms, impacting revenues and net cost of gas sold on a dollar-for-dollar basis, thereby having no impact on Southwest's profitability. Therefore, management routinely uses operating margin, defined by management as regulated operations revenues less the net cost of gas sold, in its analysis of Southwest's financial performance. Operating margin also forms a basis for Southwest's various regulatory decoupling mechanisms. Management believes supplying information regarding operating margin provides investors and other interested parties with useful and relevant information to analyze Southwest's financial performance in a rate-regulated environment. (The Southwest Gas Holdings, Inc. Consolidated Earnings Digest included herein provides reconciliations for these non-GAAP measures.)
We do not provide a reconciliation of forward-looking Non-GAAP Measures to the corresponding forward-looking GAAP measure due to our inability to project special charges and certain expenses.
Reconciliation of non-GAAP financial measures of Adjusted net income (loss) and Adjusted diluted earnings per share and their comparable GAAP measures of Net income (loss) and Diluted earnings (loss) per share. Note that the comparable GAAP measures are also included in Note 7 - Segment Information in the Company's June 30, 2022 Form 10-Q. Prior periods are not presented below as comparable non-GAAP adjustments were not applicable in comparable periods of the prior year.
Amounts in thousands, except per share amounts
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Fierce Pharma Fierce Biotech Fierce Healthcare Fierce Life Sciences Events Providers Hospitals Practices Retail Health Tech AI and Machine Learning Digital Health Telehealth Finance Payers Regulatory Special Reports Resources Webinars Events Whitepapers Subscribe What are you searching for? Enclose phrases in quotes. Use a + to require a term in results and - to exclude terms. Example: +water -Europe Subscribe Providers Hospitals Practices Retail Health Tech AI and Machine Learning Digital Health Telehealth Finance Payers Regulatory Special Reports Resources Webinars Events Whitepapers Subscribe Fierce Pharma Fierce Biotech Fierce Healthcare Fierce Life Sciences Events | https://www.fiercehealthcare.com/payers/lgbtq-patients-know-less-about-preventive-care-coverage-general-population | 2022-08-09T20:40:30Z | https://www.fiercehealthcare.com/payers/lgbtq-patients-know-less-about-preventive-care-coverage-general-population | true | null |
SEATTLE, Aug. 9, 2022 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) announced that it will report its second quarter 2022 financial results after the close of the financial markets on Tuesday, August 23, 2022. The announcement will be followed by a conference call at 4:45 p.m. EDT, in which senior management will provide a business update and discuss the company's second quarter financial results along with the 2022 outlook. The 45-minute conference call will be available by telephone and audio webcast at investor.nordstrom.com.
To listen to the LIVE conference call on August 23, 2022, at 4:45 p.m. EDT:
- Access the prepared remarks, slides and audio webcast at investor.nordstrom.com.
- Alternatively, for audio-only dial 201-689-8354.
To listen to the REPLAY:
- The prepared remarks, slides and audio webcast can be accessed at investor.nordstrom.com, where they will be archived and available for at least one year.
- A telephone replay will be available beginning approximately three hours after the conclusion of the call by dialing 877-660-6853 or 201-612-7415 and entering Conference ID 13731473, until the close of business on August 30, 2022.
ABOUT NORDSTROM
At Nordstrom, Inc. (NYSE: JWN), we exist to help our customers feel good and look their best. Since starting as a shoe store in 1901, how to best serve customers has been at the center of every decision we make. This heritage of service is the foundation we're building on as we provide convenience and true connection for our customers. Our digital-first platform enables us to serve customers when, where and how they want to shop – whether that's in-store at more than 350 Nordstrom, Nordstrom Local and Nordstrom Rack locations or digitally through our Nordstrom and Rack apps and websites. Through it all, we remain committed to leaving the world better than we found it.
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SOURCE Nordstrom, Inc. | https://www.kotatv.com/prnewswire/2022/08/09/nordstrom-report-second-quarter-2022-financial-results-august-23/ | 2022-08-09T20:42:15Z | https://www.kotatv.com/prnewswire/2022/08/09/nordstrom-report-second-quarter-2022-financial-results-august-23/ | true | 21 |
(NEXSTAR) – As the monkeypox virus continues to spread throughout the United States, health officials are asking people at high risk of contracting the virus to stay vigilant and get tested.
The virus is known to cause a rash of bumps and blisters that can be painful, the Centers for Disease Control and Prevention says, but not everyone will see this visual signifier as their first symptom.
What are the signs and symptoms of the virus? According to the CDC, monkeypox is like a milder case of smallpox.
“The main difference between symptoms of smallpox and monkeypox is that monkeypox causes lymph nodes to swell (lymphadenopathy) while smallpox does not,” the CDC writes. Lymph nodes can swell as the result of any infection, Mayo Clinic explains. They’re located throughout your body, from your neck down to your armpits and groin.
In the early stages of infection, monkeypox symptoms can include:
- Fever
- Headache
- Muscle aches
- Backache
- Swollen lymph nodes
- Chills
- Exhaustion
A few days in, a rash typically starts to develop, according to the CDC. The rash will often start on people’s face or genitals and then spread to the rest of the body. At first, they may look like pimples or blisters, and the bumps may be painful or itchy, the CDC says.
The bumps from the rash will eventually scab over and fall off.
Not everyone who contracts monkeypox will see the same symptoms in the same order. “Sometimes, people have flu-like symptoms before the rash,” the CDC explains. “Some people get a rash first, followed by other symptoms. Others only experience a rash.”
Symptoms usually start to show up within three weeks of being exposed to the virus. The full cycle of illness usually lasts between two and four weeks, the CDC says.
If you have an unexplained rash fitting the description of monkeypox, the CDC recommends seeing a doctor. In the meantime, the agency advises avoiding sex or intimate contact with other people. | https://whnt.com/news/national/what-are-early-symptoms-of-monkeypox/ | 2022-08-09T20:43:19Z | https://whnt.com/news/national/what-are-early-symptoms-of-monkeypox/ | false | 17 |
New virus in China is more fatal than coronavirus, 35 people infected
The novel virus was found in throat swab samples from patients with symptoms of fever
A new strain of henipavirus originating from animals has infected 35 people in two Chinese provinces, the state-run media reported on Tuesday, bringing back the horrifying memories of the coronavirus outbreak that started in China in 2019.
The Langya henipavirus has been found in the eastern Shandong and central Henan provinces, Global Times newspaper said.
According to the newspaper, none of the cases was serious, citing research done by scientists from China and Singapore and published in the New England Journal of Medicine (NEJM).
The novel virus was found in throat swab samples from patients with symptoms of fever.
The infected patients had a recent history of contact with animals.
The researchers noted people infected by the virus show symptoms including fever, fatigue, cough, anorexia, myalgia, and nausea.
Henipavirus can cause severe diseases in animals and humans.
It is classified as a biosafety Level 4 virus with case fatality rates between 40-75 percent, data from the World Health Organization (WHO) showed.
It is much higher than the fatality rate of the coronavirus.
There is currently no vaccine or treatment for henipavirus.
So far, none of the henipavirus infections have been fatal or very serious.
“There is no need for panic,” Wang Linfa, a professor in the Programme in Emerging Infectious Diseases at Duke-NUS Medical School, was quoted as saying by the Global Times.
Wang was involved in the study
He said it was still a cause for alert as many viruses that exist in nature have unpredictable results when they infect humans.
No significant virus clustering has been detected in China till now, meaning that human-to-human transmission is not proven.
But previous reports suggest that the virus can be transmitted from person to person.
"Coronavirus will not be the last infectious disease to cause a pandemic worldwide," said Wang Xinyu, Deputy Chief Physician at the department of Infectious Diseases of Huashan Hospital. | https://www.diariolibre.com/usa/latest-news/2022/08/09/theres-a-new-virus-in-china-more-fatal-than-coronavirus/1998312 | 2022-08-09T20:45:35Z | https://www.diariolibre.com/usa/latest-news/2022/08/09/theres-a-new-virus-in-china-more-fatal-than-coronavirus/1998312 | true | 2 |
Frank Lampard believes an 'alignment' in the ideas at Liverpool and Manchester City have aided their success in recent years.
Both the Reds and City consistently battle for the league title, while Jurgen Klopp 's side have also lifted the Champions League in the last three years. Liverpool ended their 30-year wait for the Premier League in 2020 and the club has come a long way in recent years under the current ownership and manager.
Lampard, currently in charge of Merseyside rivals Everton, believes the 'alignment' that runs throughout the club, from the board, to the manager and the players, has been a decisive factor in transforming their fortunes.
READ MORE: Liverpool transfer solution is already underway but Thiago problem remains
READ MORE: Barcelona's crazy links to Liverpool star Trent Alexander-Arnold cannot hide 'terrifying' prospect
He told the High Performance Podcast : "The main thing I felt is you've got to have an alignment when you work in a team sport with a club or corporation. There has to be an alignment in terms of the idea.
"That's something I think is a huge thing. Now, not everyone will think exactly the same but you have to have a vision you want to get to and a basic idea of how you get there.
"If those things aren't aligned in a team sport then it's probably going to be hard to get there. I think we've got some pretty good examples in the Premier League straight away.
"When you look at the evolution of Liverpool and Manchester City. Liverpool had a lot of years without winning anything, it seems like somewhere, at some point, it happened and Jurgen Klopp is probably a huge part of it. Things changed, aligned and moved in one direction and you've seen the results."
READ NEXT:
Liverpool can make opportunist midfield transfer as Julian Ward plans change
Liverpool legend Graeme Souness names player he wanted to sign instead of Michael Owen
Liverpool warned over 'knee-jerk reaction' to injury problems
We 'signed' Marcelo Brozovic for Liverpool and this was his impact in midfield
'That's what they'll do' - Jamie Carragher gives verdict on Liverpool midfield transfer dilemma | https://www.liverpoolecho.co.uk/sport/football/football-news/frank-lampard-liverpool-jurgen-klopp-24715098 | 2022-08-09T20:46:55Z | https://www.liverpoolecho.co.uk/sport/football/football-news/frank-lampard-liverpool-jurgen-klopp-24715098 | false | 1 |
2-month-old finds donor heart, transplant surgery successful
LAS VEGAS (KVVU/Gray News) – Parents Franky and Esmeralda Garcia were stunned Friday when they received a call saying a donor’s heart had been located for their two-month-old daughter, Amelia.
The infant underwent an eight-hour surgery the next day, and now the heart beats strongly in Amelia’s body.
“As a mom, we’ve had some really dark days where we wondered what was going to happen to our baby. Are we going to have our child at Christmas? And you think there’s a mom out there, parents, that in their sorrow said yes, said yes to giving our child life,” Esmeralda Garcia told FOX5.
The couple knew before Amelia was born that she would have to undergo surgery for a heart problem, but were shocked to learn she’d need a new heart.
Amelia made it on the transplant list about four weeks ago and had no idea how long it would take for a donor heart.
The donor is anonymous, and the Garcias said, “thank you,” is a huge understatement for what they did for their baby. They want to raise Amelia the best they can for the donor.
“We’ll probably spend the rest of our lives trying to do good for others because so many people have done good for us. I mean, our daughter got the ultimate gift of life,” Esmeralda Garcia said.
The transplant surgery happened at UCLA in Southern California.
The Garcia family said Amelia will remain in the hospital for at least a few weeks, but they plan to stay for three months to ensure everything goes OK before they return home to Las Vegas.
Copyright 2022 KVVU via Gray Media Group, Inc. All rights reserved. | https://www.wtap.com/2022/08/09/2-month-old-finds-donor-heart-transplant-surgery-successful/ | 2022-08-09T20:51:32Z | https://www.wtap.com/2022/08/09/2-month-old-finds-donor-heart-transplant-surgery-successful/ | true | 12 |
Former NFL player Marshawn Lynch accused of DUI in Las Vegas
LAS VEGAS (KVVU/Gray News) - The Las Vegas Metropolitan Police Department reported former NFL star Marshawn Lynch was arrested after he was accused of driving under the influence.
Officers stopped a vehicle at about 7:25 a.m. Tuesday because they suspected the driver, identified as Lynch by police, was impaired, KVVU reported.
Upon further investigation, Las Vegas police reported officers determined Lynch had been driving impaired.
According to police, Lynch was then arrested and taken to the Las Vegas City Jail where he was charged with DUI.
Lynch retired from the NFL after the 2019 season after playing for 13 seasons, according to ESPN. During his career, he played for the Seattle Seahawks, Buffalo Bills and Oakland Raiders.
Copyright 2022 KVVU via Gray Media Group, Inc. All rights reserved. | https://www.kmov.com/2022/08/09/former-nfl-player-marshawn-lynch-accused-dui-las-vegas/ | 2022-08-09T20:51:53Z | https://www.kmov.com/2022/08/09/former-nfl-player-marshawn-lynch-accused-dui-las-vegas/ | false | null |
The Round 2 fixtures in the Brooks senior hurling championship have been released, starting with Mullagh meeting Liam Mellows in Kenny Park on Friday week (19th August).
Gort, Duggan Park, Pearse Stadium and Loughrea also host games over the weekend, including Turloughmore taking on Clarinbridge on Saturday, 20th in Athenry.
There’s also a full round of intermediate matches bar one which takes places this weekend.
Clarinbridge clash with Kinvara on Saturday (13th August). Throw-in at Kilbeacanty is 6pm.
==
Friday, 19th August
Senior B Hurling Championship Group 2
Mullagh vs Liam Mellows (7pm Kenny Park)
Intermediate Hurling Championship Group 2
Meelick/Eyrecourt vs Carnmore (7pm Duggan Park)
==
Saturday, 20th August
Senior A Hurling Championship Group 2
Craughwell vs Loughrea (5pm Kenny Park)
Senior B Hurling Championship Group 2
Ardrahan vs Portumna (5pm Gort)
Senior B Hurling Championship Group 2
Ahascragh/Fohenagh vs Padraig Pearses (5pm Duggan Park)
Intermediate Hurling Championship Group 1
Ballinderreen vs Sylane (5pm Pearse Stadium)
Senior A Hurling Championship Group 1
Turloughmore vs Clarinbridge (6.45pm Kenny Park)
Senior B Hurling Championship Group 1
Moycullen vs Beagh (6.45pm Pearse Stadium)
Senior B Hurling Championship Group 1
Oranmore/Maree vs Tynagh/Abbey-Duniry (6.45pm Gort)
Intermediate Hurling Championship Group 3
Abbeyknockmoy vs Castlegar (6.45pm Duggan Park)
==
Sunday, 21st August
Senior A Hurling Championship Group 1
Killimordaly vs St. Thomas (12pm Duggan Park)
Intermediate Hurling Championship Group 1
An Spideal vs Turloughmore (12pm Pearse Stadium)
Senior A Hurling Championship Group 2
Cappataggle vs Kilconieron (1pm Loughrea)
Intermediate Hurling Championship Group 3
Killimor vs Kiltormer (1.45pm Duggan Park)
Intermediate Hurling Championship Group 4
Rahoon/Newcastle vs Annaghdown (1.45pm Pearse Stadium)
Senior B Hurling Championship Group 1
Kilnadeema/Leitrim vs Athenry (2.30pm Loughrea)
Intermediate Hurling Championship Group 2
Craughwell vs Kilbeacanty (2.30pm Kinvara)
Senior A Hurling Championship Group 1
Sarsfields vs Castlegar (4pm Kenny Park)
Senior A Hurling Championship Group 2
Tommy Larkins vs Gort (5.45pm Kenny Park) | https://galwaybayfm.ie/sports/hurling-brooks-senior-and-intermediate-championship-round-2-fixtures-19th-21st-august/ | 2022-08-09T20:54:32Z | https://galwaybayfm.ie/sports/hurling-brooks-senior-and-intermediate-championship-round-2-fixtures-19th-21st-august/ | false | 1 |
US President Joe Biden is preparing to sign a USD 280 billion bipartisan bill to boost domestic high-tech manufacturing, part of his administration's push to boost US competitiveness over China.
The Rose Garden ceremony on Tuesday will include lawmakers, union officials, local politicians and business leaders, the White House said, as the president looks to highlight a new law that will incentivise investments in the American semiconductor industry in an effort to ease US reliance on overseas supply chains for critical, cutting-edge goods.
We are going to invest it in America, Biden said on Friday. We're going to make it in America. We're going to win the economic competition of the 21st century in America. The White House said Micron is announcing a USD 40 billion plan to boost domestic manufacturing of memory chips, and Qualcomm and GlobalFoundries are announcing a USD 4.2 billion expansion of an upstate New York chip plant. | https://www.moneycontrol.com/news/world/biden-to-sign-usd-280-billion-chips-act-in-bid-to-boost-us-over-china-8987351.html | 2022-08-09T20:55:43Z | https://www.moneycontrol.com/news/world/biden-to-sign-usd-280-billion-chips-act-in-bid-to-boost-us-over-china-8987351.html | false | null |
Can Amryt Pharma PLC Sponsored ADR (AMYT) Climb 187% to Reach the Level Wall Street Analysts Expect?
Amryt Pharma PLC Sponsored ADR (AMYT) closed the last trading session at $7.87, gaining 11.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $22.60 indicates an 187.2% upside potential.
The average comprises five short-term price targets ranging from a low of $18 to a high of $33, with a standard deviation of $6.50. While the lowest estimate indicates an increase of 128.7% from the current price level, the most optimistic estimate points to a 319.3% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
But, for AMYT, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.
Here's What You Should Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Here's Why There Could be Plenty of Upside Left in AMYT
There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 5.6%, as one estimate has moved higher compared to no negative revision.
Moreover, AMYT currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, while the consensus price target may not be a reliable indicator of how much AMYT could gain, the direction of price movement it implies does appear to be a good guide.
Want to Know the #1 Semiconductor Stock for 2022?
Few people know how promising the semiconductor market is. Over the last couple of years, disruptions to the supply chain have caused shortages in several industries. The absence of one single semiconductor can stop all operations in certain industries.
This year, companies that create and produce this essential material will have incredible pricing power. For a limited time, Zacks is revealing the top semiconductor stock for 2022. You'll find it in our new Special Report, One Semiconductor Stock Stands to Gain the Most.
Today, it's yours free with no obligation.
>>Give me access to my free special report.Click to get this free report
Amryt Pharma PLC Sponsored ADR (AMYT): Free Stock Analysis Report
To read this article on Zacks.com click here.
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/can-amryt-pharma-plc-sponsored-adr-amyt-climb-187-to-reach-the-level-wall-street-analysts | 2022-08-09T20:55:44Z | https://www.nasdaq.com/articles/can-amryt-pharma-plc-sponsored-adr-amyt-climb-187-to-reach-the-level-wall-street-analysts | false | 1126 |
DNA: What was the biggest reason for alliance collapse between JDU and BJP?
There is only one reason for the breakdown of the alliance between Nitish Kumar's JDU and BJP and that is the existential crisis. All the other reasons are involved in this fight for existence. It is said that the big fish swallows the small fish in the sea and does not allow it to live and Nitish Kumar had the same fear. He felt that the BJP would gradually end his existence from politics.
There is only one reason for the breakdown of the alliance between Nitish Kumar's JDU and BJP and that is the existential crisis. All the other reasons are involved in this fight for existence. It is said that the big fish swallows the small fish in the sea and does not allow it to live and Nitish Kumar had the same fear. He felt that the BJP would gradually end his existence from politics. | https://zeenews.india.com/video/india/dna-what-was-the-biggest-reason-for-alliance-collapse-between-jdu-and-bjp-2495450.html | 2022-08-09T20:58:09Z | https://zeenews.india.com/video/india/dna-what-was-the-biggest-reason-for-alliance-collapse-between-jdu-and-bjp-2495450.html | true | null |
Cohen & Steers Announces Preliminary Assets Under Management and Net Flows For July 2022
Published: Aug. 9, 2022 at 2:24 PM MDT|Updated: 34 minutes ago
NEW YORK, Aug. 9, 2022 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $94.0 billion as of July 31, 2022, an increase of $6.1 billion from assets under management at June 30, 2022. The increase was due to net inflows of $327 million and market appreciation of $6.0 billion, partially offset by distributions of $183 million.
About Cohen & Steers
Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong and Tokyo.
View original content:
SOURCE Cohen & Steers, Inc.
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.kjct8.com/prnewswire/2022/08/09/cohen-amp-steers-announces-preliminary-assets-under-management-net-flows-july-2022/ | 2022-08-09T20:58:53Z | https://www.kjct8.com/prnewswire/2022/08/09/cohen-amp-steers-announces-preliminary-assets-under-management-net-flows-july-2022/ | false | 58 |
Morgan Wallen shotguns beers with 'favorite' rapper Jeezy on stage at his concert in Atlanta... after he was condemned for using the N-word
- Wallen, 29, welcomed rapper Jeezy to his Atlanta concert over the weekend
- The country singer shotgunned a beer on stage while the rapper, 44, had a shot
- Wallen previously called Jeezy his 'favorite' in 2012
- The singer was criticized in February 2021 for a video of him saying the N-word
Morgan Wallen was flying high over the weekend when he welcomed one of his musical heroes on stage.
The 29-year-old country superstar brought out the rapper Jeezy, 44, for a quick visit during his concert in Atlanta, where they shotgunned beers and drank liquor.
Wallen's meet-up on stage comes a year and a half after he inspired widespread condemnation after video surfaced showing him using the N-word, though he seems to have quickly shaken off any consequences.
Special guest: Morgan Wallen (center) brought on rapper Jeezy (R) to shotgun a beer and sip a shot at his concert over the weekend in Atlanta
Wallen, who looked rugged in a black T-shirt, pale blue jeans and a backwards baseball cap, welcomed Jeezy on stage by playing his Put On over the PA system, according to TMZ.
They had plenty of drinks available to make it a memorable night on stage, so Wallen and fellow country artist Hardy both shotgunned beer cans.
Jeezy had something a little harder with him in a bottle, so he sipped on a shot from a red plastic cup as they chugged.
Although the crowd seemed to eat up the diversion, Jeezy didn't appear to stick around long enough to perform any of his music.
His tune: Wallen, who looked rugged in a black T-shirt, pale blue jeans and a backwards baseball cap, welcomed Jeezy on stage by playing his Put On over the PA system, according to TMZ
Letting loose: Wallen and fellow country artist Hardy both shotgunned beer cans. Jeezy had something a little harder with him in a bottle, so he sipped on a shot from a red plastic cup as they chugged
It seems to have been a dream come true for Wallen, though, as he has been a big fan of the rapped for years.
Back in January 2012, he tweeted, 'Jeezy my favorite to listen to right now.'
The musicians got some more time together after the concert, and Jeezy posted a photo of the two relaxing back stage on a sofa.
The Soul Survivor rapper raved about the final song of the night, Wallen's hit single Whiskey Glasses: 'That was my s***.'
Made it: It seems to have been a dream come true for Wallen, though, as he has been a big fan of the rapped for years. Back in January 2012, he tweeted, 'Jeezy my favorite to listen to right now'
One for the road: Although the crowd seemed to eat up the diversion, Jeezy didn't appear to stick around long enough to perform any of his music
Cool-down time: The musicians got some more time together after the concert, and Jeezy posted a photo of the two relaxing back stage on a sofa
Loved it: The Soul Survivor rapper raved about the final song of the night, Wallen's hit single Whiskey Glasses: 'That was my s***'
Wallen's career seems to have mostly gotten back to normal following his N-word scandal from last year.
In February 2021, TMZ published a video of a seemingly drunken Wallen returning to his home near Nashville, while his friends made plenty of commotion and honked car horns.
After an angry neighbor began filming his antics, the musician shouted that someone should 'take care of this p***y-a** motherf*****,' before calling them a 'p***y-a** n*****' as he went into the house.
Wallen apologized in a statement after the incident was revealed, but his music was temporarily taken off multiple high-profile radio stations, and several streaming services removed his music from public playlists.
In February 2021, TMZ published a video of a seemingly drunken Wallen shouting the N-word at a neighbor who recorded his late-night antics
The country hitmaker's record label Big Loud suspended him from his recording contract indefinitely, and several country award shows removed content he had previously filmed for them.
His then-new album Dangerous: The Double Album was also made ineligible at the upcoming ceremony by the Grammy Awards.
But something about Wallen's N-word controversy spurred his fans to stream and purchase his album even more, and Dangerous' sales rocketed up in the immediate aftermath.
He helped make amends by donating $300,000 to the Black Music Action Coalition, while singling out 20 Black artists.
Six months after the video first was published, Wallen's music began appearing on the radio again, and lately he has been performing in front of large crowds once again.
Consequences: He was suspended by his record label and banned from country radio, but his songs went back into rotation about six months later; seen in May at the Billboard Music Awards in Las Vegas | https://www.dailymail.co.uk/tvshowbiz/article-11096487/Morgan-Wallen-shotguns-beers-favorite-rapper-Jeezy-Atlanta-N-word-controversy.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-09T21:01:41Z | https://www.dailymail.co.uk/tvshowbiz/article-11096487/Morgan-Wallen-shotguns-beers-favorite-rapper-Jeezy-Atlanta-N-word-controversy.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | true | 2 |
Fuel shortages have forced many Sri Lankans to ditch their cars and cycle instead. Colombo's mayor unveiled new bike paths. Doctors & environmentalists call it a silver lining, but will it last?
Copyright 2022 NPR
Fuel shortages have forced many Sri Lankans to ditch their cars and cycle instead. Colombo's mayor unveiled new bike paths. Doctors & environmentalists call it a silver lining, but will it last?
Copyright 2022 NPR | https://www.wamc.org/2022-08-09/many-sri-lankans-have-switched-to-cycling-due-to-the-economic-crisis | 2022-08-09T21:06:33Z | https://www.wamc.org/2022-08-09/many-sri-lankans-have-switched-to-cycling-due-to-the-economic-crisis | false | null |
- SaaS Strength: Annual Recurring Revenue of $368 million, up 41%
- Profit of $0.71 per diluted share, non-GAAP diluted EPS of $0.44, Adjusted EBITDA of $50 million
- Future contracted revenue surpasses $3 billion
SCOTTSDALE, Ariz., Aug. 9, 2022 /PRNewswire/ --
Dear Shareholders,
Our second quarter financial results reflect continued momentum throughout the business, including notable across-the-board strength in new product adoption.
Revenue growth of 31% year over year was driven by strong demand for Axon Cloud SaaS solutions, Axon Body 3 and Axon Fleet 3 systems, and our TASER 7 platform. Revenue from new SaaS products — such as productivity solutions, real-time operations, Axon Air, ALPR and VR(1) — nearly tripled year over year, highlighting our ability to drive customer adoption of our new software solutions.
We also executed against several key priorities in the quarter that position us well for future growth — including deepening our relationships with key partners and strategically investing to build out the Axon Ecosystem.
In June, we renewed our strategic technology partnership with Microsoft Azure — signing a six-year agreement that provides long-term pricing certainty and cost visibility for our Axon Cloud business. The renewal will support our software gross margin target of 80%+, and enables us to offer pricing predictability to our own customers. We discuss other ecosystem developments in more detail, below.
Customers are increasingly demonstrating their confidence that we are the right technology partner for them, for the next decade. We make it easy for our customers to bet on us, because we deliver. In the second quarter, 108 customers signed contracts for longer than five years. The quality of the deal flow is also strong. About a third of our top 100 deals were for a decade or more. This drives our confidence in our ability to continue scaling a rapidly growing, highly recurring SaaS business, with virtually zero churn.
(1) ALPR is the industry acronym for automatic license plate recognition. Enabled by artificial intelligence, Axon's ALPR solution comes standard with the Axon Fleet 3 in-car camera system. Plate read data that is collected during patrol is then retained and can be queried through Axon Evidence for later investigations.
VR is Axon's virtual reality training solution, which is included stand-alone or included in our highest value bundled offerings.
Select Highlights:
Management updates
Josh Isner, COO
In June, we appointed Josh Isner to the role of Chief Operating Officer, a newly created position to expand the office of the CEO. Josh is an executive familiar to investors who have tuned into Axon's earnings calls, which we've hosted over Zoom since early 2020. He's had an outsized impact on Axon, including during his most recent tenure as chief revenue officer. As CRO, Josh was responsible for Axon's global growth, customer service, professional services, and sales operations. He has been instrumental in building Axon's revenue stream to support our 2022 guidance above $1 billion, and was a key member of the executive team responsible for driving historical annual revenue growth rates exceeding 25%. He now oversees Axon's operational functions including business operations and execution, policies and employees.
Isaiah Fields, CLO
In July, we appointed Isaiah Fields to the role of Chief Legal Officer, where he will spearhead Axon initiatives across legal operations, government affairs, risk management and compliance. In Isaiah's previous role as general counsel, he drove success across all elements of our global organization. We are confident that Isaiah's leadership, devotion to his team and passion for our mission will help Axon successfully navigate this phase of rapid growth as we scale in complexity and expand globally.
CFO search
Our search process for a permanent CFO is progressing well and includes a strong pipeline of quality candidates. We hope to welcome shortly an outstanding executive who brings an appetite for strong financial rigor, along with the operational expertise to continue to drive scale and long-term growth at Axon.
Customers & Product
New VR simulator promotes de-escalation for public safety: The Phoenix Police Department and New Castle County Police in Delaware are the first agencies to deploy Axon's latest improvement in its VR offerings. The new simulator allows officers to train from anywhere. Trainees learn to operate TASER 7 devices and training firearms in VR. Scenarios include indoor range and an outdoor, nighttime setting. The fast-paced exercises help trainees learn safety features, recognize proper spread and probe placement on moving subjects, manage clothing disconnects, and practice for higher effectiveness when deploying TASER cartridges. More than 1,000 U.S. agencies now use Axon VR training.
TASER 7 Device adoption accelerates in Canada: Police services in Ontario, including Toronto, found that simply presenting a TASER device de-escalates a situation between 70% to 90% of the time, without having to deploy a cartridge. Recent TASER 7 device adoption in Canada has included the Calgary Police Service, York Regional Police, Peel Regional Police, Toronto Police Service and the Edmonton Police Service.
U.S. federal funding momentum: Axon's Federal business outlook continues to strengthen with recent developments signaling broad support for body camera adoption. In May, the White House issued an executive order that mandated body cameras for federal law enforcement. In addition, the White House's proposed FY2023 budget includes body camera funding for the Justice Department. We are also seeing support in Congress for body camera programs among the following federal law enforcement customers: Justice Department agencies, including the FBI, the U.S. Marshals, the U.S. Drug Enforcement Administration, the Bureau of Alcohol, Tobacco, Firearms and Explosives; Department of Homeland Security agencies, including U.S. Customs & Border Patrol, and U.S. Immigration & Customs Enforcement; and Department of Interior agencies. The House is also proposing funding for state and local agency matching grants to drive body camera adoption.
Strategic initiatives:
In May, we hosted our seventh annual Axon Accelerate — our user conference that has become the largest technology conference in public safety. On display was the strength of the Axon Ecosystem, featuring a growing network of partnerships and integrated products. Our go-to-market strategy for the Axon Ecosystem has graduated from an idea to now delivering tangible customer value.
In addition to extending our technology partnership with Microsoft, highlighted at the beginning of this letter, we also executed several new key strategic initiatives during the second quarter:
- Foundry 45: In April, we announced the acquisition of Foundry 45, a VR studio focused on delivering immersive training modules to large organizations. The acquisition bolsters Axon's VR team in transforming public safety by making training more accessible, relevant and affordable — with the goal of better preparing officers for real-life situations.
- Fūsus: In May, we announced a strategic partnership with Fūsus along with a $21 million non-controlling minority investment. Fusus is the U.S. market leader in real-time crime center solutions for public safety. The partnership makes it easier and more cost-effective for communities to aggregate live feeds from public and private cameras in addition to live video feeds from Axon Body 3, Axon Fleet 3 and Axon Air connected drones, creating a unified operational picture for first responders.
- Skydio: In May, we also announced live-streaming from Skydio drones into our Axon Respond platform. The integration with Respond will enable command staff and 911 dispatchers to combine the live-streaming capabilities of Axon body-worn and in-car cameras with the Skydio drone's aerial perspective to provide a more comprehensive operational picture.
- Dedrone: In June, we closed a $25 million non-controlling minority follow-on investment in Dedrone, a market leader in counter unmanned aircraft systems. Axon led the company's oversubscribed $30 million Series C-1 financing round, which follows our initial $25 million investment in Dedrone in December 2021. Dedrone is accelerating on a path towards making the world safer from unauthorized and malicious drones. After conducting extensive due diligence to evaluate opportunities to participate in the rapidly growing air security market, we were impressed by Dedrone's technology, team and commercial traction.
- DroneSense: In June, we also closed a $15 million non-controlling minority investment in DroneSense in support of our previously announced partnership to implement its piloting, program management and operations solution via Axon's unmanned aircraft program, Axon Air. DroneSense has also integrated its software platform with Axon's digital evidence management platform, Axon Evidence, and real-time operations hub, Axon Respond, to provide agencies with a comprehensive solution to start and operate a drone program. This integration streamlines first responder and drone pilot communications — allowing live streaming from the UAS into Axon's real-time operations platform and digital footage to be stored in Axon's evidence management platform.
In addition to these recent new initiatives, we are also seeing positive momentum across our broader ecosystem. In late 2021, we acquired Occam Video Solutions, a leader in digital video investigations software. The business has been integrated with Axon, and, in addition to powering our Third-Party Video Playback solution, Occam's flagship investigative software, iNPUT-ACE, has been relaunched as Axon Investigate, and is seeing growing interest from our customers.
Our partnerships with Flock Safety and RapidSOS are also expanding in value for the Axon Ecosystem. We are seeing strong adoption of Flock Safety's ALPR cameras nationwide. Plate reads captured by Flock Safety's cameras can be shared to cases with a single-click and managed within Axon Evidence workflows. RapidSOS's technology powers Axon's recently launched consumer focused smart phone app for personal safety, Axon Protect (available in the Apple App Store and on Google Play), which enables users to connect with a live Axon agent. We also recently launched an Axon Respond integration with RapidSOS, which enables 911 operators that use the company's Jurisdiction View software platform to see live locations of first responders equipped with Axon Body 3 cameras and also live-stream videos from those cameras.
Summary of Q2 2022 results
- Quarterly revenue of $286 million grew 31% year over year, exceeding our expectations, and led by software and sensors segment growth of 41%.
- Total company gross margin of 60.9% improved 20 basis points sequentially.
- Operating profit was $21 million. Operating expenses for the quarter of $153 million included $20 million in stock based compensation expenses.
- $5 million tied to hiring that supports our long-term growth profile
- $3 million tied to higher bonuses paid to employees at the senior director level and below,
- $2 million tied to annual company bonus accruals resulting from our improved outlook, and
- $1 million tied to our annual user conference.
- We expect expense growth, excluding stock-based compensation, to moderate in the back half of the year.
- Our quarterly net income of $51 million, or $0.71 per diluted share, included $21 million in stock based compensation expenses, a $12 million non-cash, unrealized, mark-to-market loss related to our strategic investment in Cellebrite, and $60 million in net unrealized gains related to strategic investments.
- Non-GAAP net income was $32 million, or $0.44 per share.
- Adjusted EBITDA was $50 million.
- Operating cash flow of $19 million supported free cash flow generation of $7 million and adjusted free cash flow generation of $10 million. We define free cash flow as operating cash flow less capital expenditures and purchases of intangible assets. Adjusted free cash flow excludes campus investments.
- As of June 30, 2022 Axon had $356 million in cash, equivalents and investments.
- Axon has zero debt.
(2) These innovative stock-based compensation plans were approved by shareholders in 2018 and 2019 and align the interests of management and employees with shareholders.
Financial commentary by segment:
- TASER segment revenue growth was driven by demand for our TASER 7 platform, with units up 85% year over year.
- Q2 2022 TASER segment gross margin slightly declined sequentially. We expect further TASER 7 automation to come online in the back half of this year and contribute to segment gross margin improvement in 2023. We also expect to generate leverage on our fixed cost base as we grow into our expanding manufacturing footprint.
- Axon Cloud revenue grew 35%year over year to $82 million, reflecting strong user growth for our Axon Evidence (Evidence.com) platform, and software features including transcription and body-camera enabled real-time operations capabilities across location-based services, live streaming and incident event alerts.
- Axon Cloud gross margin of 70.4% included expected costs to scale our cloud business. This includes the low-to-no margin professional services costs of teams who help our customers deploy Axon's solutions. The software-only revenue in this segment, which is annually recurring and includes cloud storage and compute costs, has consistently carried a gross margin above 80%.
- Sensors & Other revenue grew 49% year over year to $68 million, reflecting growth in Axon Fleet 3 shipments followed by body camera unit growth.
- Sensors & Other gross margin was 42.9%, reflecting a favorable product mix. As a reminder, we manage toward a 25% gross margin for camera and sensors hardware, and the gross margin will fluctuate quarter to quarter depending on the customer mix.
- Annual Recurring Revenue (ARR) grew 41% year over year to $368 million.
- Net revenue retention was 119% in the quarter, reflecting our ability to deliver additional value to our customers over time and de minimis attrition. We drive adoption of our cloud software solutions through integrated bundling. Our law enforcement agency customers often sign up for five to ten-year subscriptions. This SaaS metric purposely excludes the hardware portion of customer subscriptions. We further define this metric under "Statistical Definitions."
- Total company future contracted revenue grew to $3.33 billion, reflecting strong bookings in the quarter. This metric is also known as "remaining performance obligations." Most of our bookings are for multi-year contracts. See definition of this metric under "Statistical Definitions."
- The percentage of TASER devices sold on a subscription was 76% in the quarter, reflecting a stronger mix of our TASER 7 devices, which are mostly sold on a subscription. As a reminder, Axon has been successfully transitioning its TASER hardware business into a subscription service in more mature markets and expanding into new markets where some initial sales are not on a subscription, with the intention of building subscription businesses in those markets over time.
Outlook
The following forward-looking statements reflect Axon's full year 2022 expectations as of August 9, 2022, and are subject to risks and uncertainties.
- Axon's upwardly revised full year 2022 revenue expectation has improved to a range of $1.07 billion to $1.12 billion, reflecting approximately 27% annual growth at the midpoint. Previously, Axon had guided to a range of $1.05 billion to $1.1 billion, reflecting 25% growth at the midpoint.
- We now expect to deliver 2022 Adjusted EBITDA at the higher end of the previously communicated range of $190 million to $200 million.
- We expect stock-based compensation expense to be more than $104 million for the full year. Because our stock-based compensation expense may vary based on changes in the probability of attaining certain operational or market capitalization metrics or attainment of such metrics and with changes in the expected or actual timing of such attainment, it is inherently difficult to forecast future stock-based compensation expense.
- We are maintaining our expected adjusted free cash flow range of $125 million to $145 million in 2022, compared with $85 million in 2021. This range reflects our expectations for operating cash flow, minus our expected purchases of property and equipment (CapEx) of $80 million to $90 million, excluding any investments made in our campus facility, which we expect to be less than $25 million.
- We are revising our expected 2022 capital expenditures to a range of $80 million to $90 million, compared with our previous expectation of $135 million to $160 million.
We are energized by the momentum in our business, superior execution by our teams and the underlying strength of our model, all of which sets us up to continue accelerating growth and profitability.
Thank you for investing in our mission to protect life.
-The Axon team
Quarterly conference call and webcast
We will host our Q2 2022 earnings conference call webinar on Tuesday, August 9, at 2 p.m. PT / 5 p.m. ET.
The webcast will be available via a link on Axon's investor relations website at https://investor.axon.com (https://investor.axon.com/), or can be accessed directly via https://axon.zoom.us/j/98326867283.
Statistical Definitions
Bookings: We consider bookings to be a statistical measure defined as the sales price of orders (not invoiced sales), including contractual optional periods we expect to be exercised, net of cancellations, inclusive of renewals, placed in the relevant fiscal period, regardless of when the products or services ultimately will be provided, so long as they are expected to occur within five years. Most bookings will be invoiced in subsequent periods. Due to municipal government funding rules, in some cases certain of the future period amounts included in bookings are subject to budget appropriation or other contract cancellation clauses. Although we have entered into contracts for the delivery of products and services in the future and anticipate the contracts will be fulfilled, if agencies do not exercise contractual options, do not appropriate funds in future year budgets, or enact a cancellation clause, revenue associated with these bookings may not ultimately be recognized, resulting in a future reduction to bookings. Bookings, as presented here, represent total company bookings inclusive of all product. Certain customers sign contracts for time periods longer than five-years, which generates a larger-sized booking — but the expected exercise amounts after the five-year period is not included in bookings, as described here, in order to facilitate comparisons between periods.
Net revenue retention: Dollar-based net revenue retention is an important metric to measure our ability to retain and expand our relationships with existing customers. We calculate it as the software and camera warranty subscription and support revenue from a base set of agency customers from which we generated Axon Cloud subscription revenue in the last month of a quarter divided by the software and camera warranty subscription and support revenue from the year-ago month of that same customer base. This calculation includes high-margin warranty but purposely excludes the lower-margin hardware subscription contingent of the customer contracts, as it is meant to be a SaaS metric that we use to monitor the health of the recurring revenue business we are building. This calculation also excludes the implied monthly revenue contribution of customers that were added since the year-ago quarter, and therefore excludes the benefit of new customer acquisition. The metric includes customers, if any, that terminated during the annual period, and therefore, this metric is inclusive of customer churn. This metric is downwardly adjusted to account for the effect of phased deployments -- meaning that for the year-ago period, we consider the total contractually obligated implied monthly revenue amount, rather than monthly revenue amounts that might have been in actuality smaller on a GAAP basis due to the customer not having yet fully deployed their Axon solution. For more information relative to our revenue recognition policies, please reference our SEC filings.
Total company future contracted revenue: Total company future contracted revenue includes both recognized contract liabilities as well as amounts that will be invoiced and recognized in future periods. The remaining performance obligations are limited only to arrangements that meet the definition of a contract under Topic 606 as of June 30, 2022. We expect to recognize between 15% - 20% of this balance over the next twelve months, and generally expect the remainder to be recognized over the following ten years, subject to risks related to delayed deployments, budget appropriation or other contract cancellation clauses.
Non-GAAP Measures
To supplement the Company's financial results presented in accordance with GAAP, we present the non-GAAP financial measures of EBITDA, Adjusted EBITDA, Non-GAAP Net Income, Non-GAAP Diluted Earnings Per Share, Free Cash Flow and Adjusted Free Cash Flow. The Company's management uses these non-GAAP financial measures in evaluating the Company's performance in comparison to prior periods. We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing its performance, and when planning and forecasting our future periods. A reconciliation of GAAP to the non-GAAP financial measures is presented herein.
- EBITDA (Most comparable GAAP Measure: Net income) - Earnings before interest expense, investment interest income, income taxes, depreciation and amortization.
- Adjusted EBITDA (Most comparable GAAP Measure: Net income) - Earnings before interest expense, investment interest income, income taxes, depreciation, amortization, non-cash stock-based compensation expense, realized and unrealized gains/losses on strategic investments and marketable securities and pre-tax certain other items (identified and listed below in the reconciliation).
- Non-GAAP Net Income (Most comparable GAAP Measure: Net income) - Net income excluding the costs of non-cash stock-based compensation and excluding any net gain/loss/write-down/disposal/abandonment of property, equipment and intangible assets; realized and unrealized gains/losses on strategic investments and marketable securities; loss on impairment; costs related to strategic investments and business acquisitions; costs related to the FTC litigation and pre-tax certain other items (listed below). The Company tax-effects non-GAAP adjustments using the blended statutory federal and state tax rates for each period presented.
- Non-GAAP Diluted Earnings Per Share (Most comparable GAAP Measure: Earnings Per share) - Measure of Company's Non-GAAP Net Income divided by the weighted average number of diluted common shares outstanding during the period presented.
- Free Cash Flow (Most comparable GAAP Measure: Cash flow from operating activities) - cash flows provided by operating activities minus purchases of property and equipment and intangible assets.
- Adjusted Free Cash Flow (Most comparable GAAP Measure: Cash flow from operating activities) - cash flows provided by operating activities minus purchases of property and equipment and intangible assets, excluding the net impact of investments in our new Scottsdale, Ariz. campus.
Caution on Use of Non-GAAP Measures
Although these non-GAAP financial measures are not consistent with GAAP, management believes investors will benefit by referring to these non-GAAP financial measures when assessing the Company's operating results, as well as when forecasting and analyzing future periods. However, management recognizes that:
- these non-GAAP financial measures are limited in their usefulness and should be considered only as a supplement to the Company's GAAP financial measures;
- these non-GAAP financial measures should not be considered in isolation from, or as a substitute for, the Company's GAAP financial measures;
- these non-GAAP financial measures should not be considered to be superior to the Company's GAAP financial measures; and
- these non-GAAP financial measures were not prepared in accordance with GAAP or under a comprehensive set of rules or principles.
Further, these non-GAAP financial measures may be unique to the Company, as they may be different from similarly titled non-GAAP financial measures used by other companies. As such, this presentation of non-GAAP financial measures may not enhance the comparability of the Company's results to the results of other companies.
About Axon
Axon is the global leader in connected public safety technologies. We are a mission-driven company whose overarching goal is to protect life. Our vision is a world where bullets are obsolete, where social conflict is dramatically reduced, where everyone has access to a fair and effective justice system and where racial equity, diversity and inclusion is centered in all of our work. Axon is also a leading provider of body cameras for US public safety, providing more transparency and accountability to communities than ever before.
You may learn about our Environmental, Social, and Governance (ESG) and Corporate Social Responsibility (CSR) efforts by reading our ESG report at investor.axon.com.
We work hard for those who put themselves in harm's way for all of us. More than 270,000 lives and countless dollars have been saved with the Axon Network of devices, apps and people. Learn more at www.axon.com or by calling (800) 978-2737. Axon is a global company with headquarters in Scottsdale, Arizona, and a global software engineering hub in Seattle, Washington, as well as additional offices in the US, Australia, Canada, Finland, Vietnam, the UK and the Netherlands.
Apple and App Store are trademarks of Apple, Inc., Cellebrite is a trademark of Celebrite Mobile Synchronization Ltd.; Dedrone is a trademarks of Dedrone Holdings, Inc.; DroneSense is a trademark of DroneSense, Inc., Facebook is a trademark of Facebook, Inc.; Flock Safety is a trademark of Flock Group, Inc., dba Flock Safety; Google Play is a trademark of Google, Inc.; Microsoft and Azure are trademarks of Microsoft Corporation; RapidSOS is a trademark of Rapid SOS, Inc.; Skydio is a trademark of Skydio, Inc.; Twitter is a trademark of Twitter, Inc.; and Zoom is a trademark of Zoom Video Communications, Inc.
Axon, the Delta Logo, Axon Accelerate, Axon Air, Axon Body, Axon Evidence, Axon Fleet, Axon Network, Axon Respond, TASER, TASER 7 and Protect Life are trademarks of Axon Enterprise, Inc., some of which are registered in the US and other countries. For more information, visit www.axon.com/legal. All rights reserved.
Follow Axon here:
- Axon on Twitter: https://twitter.com/axon_us
- Axon on Facebook: https://www.facebook.com/Axon.ProtectLife/
Forward-looking statements
Forward-looking statements in this letter include, without limitation, statements regarding: proposed products and services and related development efforts and activities; expectations about the market for our current and future products and services; strategies and trends relating to subscription plan programs and revenues; strategies and trends, including the benefits of, research and development investments; the timing and realization of future contracted revenue; the fulfillment of bookings; expectations about customer behavior; statements concerning projections, predictions, expectations, estimates or forecasts as to our business, financial and operational results and future economic performance, including our outlook for 2022 full year revenue, stock-based compensation expense, adjusted EBITDA, adjusted free cash flow, and capital expenditures; statements of management's strategies, goals and objectives and other similar expressions; as well as the ultimate resolution of financial statement items requiring critical accounting estimates, including those set forth in our Form 10‑K for the year ended December 31, 2021. Such statements give our current expectations or forecasts of future events; they do not relate strictly to historical or current facts. Words such as "may," "will," "should," "could," "would," "predict," "potential," "continue," "expect," "anticipate," "future," "intend," "plan," "believe," "estimate," and similar expressions, as well as statements in future tense, identify forward-looking statements. However, not all forward-looking statements contain these identifying words.
We cannot guarantee that any forward-looking statement will be realized, although we believe we have been prudent in our plans and assumptions. Achievement of future results is subject to risks, uncertainties and potentially inaccurate assumptions. The following important factors could cause actual results to differ materially from those in the forward-looking statements: the potential global impacts of the COVID-19 pandemic; our exposure to cancellations of government contracts due to appropriation clauses, exercise of a cancellation clause, or non-exercise of contractually optional periods; our ability to design, introduce and sell new products or features; our ability to defend against litigation and protect our intellectual property, and the resulting costs of this activity; our ability to manage our supply chain and avoid production delays, shortages, and impacts to expected gross margins; the impact of stock compensation expense, impairment expense, and income tax expense on our financial results; customer purchase behavior, including adoption of our software as a service delivery model; negative media publicity regarding our products; the impact of product mix on projected gross margins; defects in our products; changes in the costs of product components and labor; loss of customer data, a breach of security, or an extended outage, including by our third party cloud-based storage providers; exposure to international operational risks; delayed cash collections and possible credit losses due to our subscription model; changes in government regulations in the U.S. and in foreign markets, especially related to the classification of our products by the United States Bureau of Alcohol, Tobacco, Firearms and Explosives; our ability to integrate acquired businesses; our ability to attract and retain key personnel; and counter-party risks relating to cash balances held in excess of FDIC insurance limits. Many events beyond our control may determine whether results we anticipate will be achieved. Should known or unknown risks or uncertainties materialize, or should underlying assumptions prove inaccurate, actual results could differ materially from past results and those anticipated, estimated or projected. You should bear this in mind as you consider forward-looking statements. The Annual Report on Form 10‑K that we filed with the Securities and Exchange Commission ("SEC") on February 25, 2022 lists various important factors that could cause actual results to differ materially from expected and historical results. These factors are intended as cautionary statements for investors within the meaning of Section 21E of the Exchange Act and Section 27A of the Securities Act. Readers can find them under the heading "Risk Factors" in the Report on Form 10‑K, and investors should refer to them. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties.
Except as required by law, we undertake no obligation to publicly update forward-looking statements, whether as a result of new information, future events or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in our Form 10-Q, 8-K and 10-K reports to the SEC. Our filings with the SEC may be accessed at the SEC's web site at www.sec.gov.
Update on Legal Matters:
Axon v. FTC
Axon continues to vigorously prosecute its federal court constitutional case against the Federal Trade Commission (FTC) while the FTC's separate antitrust administrative action against the company regarding its 2018 acquisition of Vievu LLC remains stayed.
On January 24, 2022, the U.S. Supreme Court accepted review of an important jurisdictional issue raised by Axon's constitutional challenges to the FTC's internal administrative structure and procedures. The high Court's action is a critical first step for all businesses seeking to vindicate their constitutional rights and hold government regulators accountable. Oral argument is now set at the Supreme Court for November 7. A decision is unlikely before March 2023. Links to all court filings and opinions can be found on Axon's FTC Investor Briefing page at https://www.axon.com/ftc.
Parallel to these matters Axon is evaluating strategic alternatives to litigation, which Axon might pursue if determined to be in the best interests of shareholders and customers. This could include a divestiture of the Vievu entity and/or related assets. While Axon continues to believe the acquisition was lawful and a benefit to Vievu's customers, the cost, risk and distraction of protracted litigation merit consideration of settlement if achievable on terms agreeable to the FTC and Axon.
For investor relations information please contact Investor Relations via email at IR@axon.com.
CONTACT:
Investor Relations
Axon Enterprise, Inc.
IR@axon.com
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SOURCE Axon | https://www.wndu.com/prnewswire/2022/08/09/axon-reports-record-revenue-up-31-286-million-raises-full-year-outlook/ | 2022-08-09T21:08:43Z | https://www.wndu.com/prnewswire/2022/08/09/axon-reports-record-revenue-up-31-286-million-raises-full-year-outlook/ | false | 11 |
WFO SAN DIEGO Warnings, Watches and Advisories for Tuesday, August 9, 2022
_____
AREAL FLOOD ADVISORY
Flood Advisory
National Weather Service San Diego CA
132 PM PDT Tue Aug 9 2022
...FLOOD ADVISORY IN EFFECT UNTIL 445 PM PDT THIS AFTERNOON...
* WHAT...Flooding caused by excessive rainfall is expected.
* WHERE...A portion of Southern California, including the following
county, San Bernardino.
* WHEN...Until 445 PM PDT.
* IMPACTS...Minor flooding in low-lying and poor drainage areas.
* ADDITIONAL DETAILS...
- At 132 PM PDT, Doppler radar indicated heavy rain due to
thunderstorms. Minor flooding is ongoing or expected to begin
shortly in the advisory area.
- Some locations that will experience flooding include...
Big Bear City, northern Onyx Summit, Lucerne Valley, Big Bear
Lake, Hwy 18 Between Baldwin Lake And Lucerne Valley, Baldwin
Lake, Hwy 38 Between Onyx Summit And Sugarloaf, western
Johnson Valley and Woodlands.
- http://www.weather.gov/safety/flood
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Turn around, don't drown when encountering flooded roads. Most flood
deaths occur in vehicles.
Be aware of your surroundings and do not drive on flooded roads.
_____
Copyright 2022 AccuWeather | https://www.stamfordadvocate.com/weather/article/CA-WFO-SAN-DIEGO-Warnings-Watches-and-Advisories-17362533.php | 2022-08-09T21:10:49Z | https://www.stamfordadvocate.com/weather/article/CA-WFO-SAN-DIEGO-Warnings-Watches-and-Advisories-17362533.php | false | 49 |
On August 4, the transport of Russian oil shipments through Ukraine to Hungary, Slovakia and the Czech Republic, members of the European Union, which have no sea ports, stopped, according to the Russian company responsible for transporting hydrocarbons.
Transneft explained that the payment for the right of transit through Ukraine for August, which was made on July 22, was rejected on July 28 due to the entry into force of some sanctions against Russia.
It concerns shipments through the Druzhba pipeline branch, which crosses Ukraine and delivers oil to the three countries in question.
It confirmed that deliveries to Poland and Germany via Belarus are “continuing normally.”
Since the beginning of the conflict in Ukraine, the European Union has been trying to reduce its energy dependence on Russia, which it accuses of using its fuel supplies as a “weapon of war”, and chose in June to impose a gradual embargo on Russian oil.
Imports of crude oil by sea are expected to stop within six months, while the Russians have significantly reduced gas supplies to Europe in recent weeks.
#Ukraine #crisis #deprives #European #countries #Russian #oil | https://pledgetimes.com/ukraine-crisis-deprives-3-european-countries-of-russian-oil/ | 2022-08-09T21:13:16Z | https://pledgetimes.com/ukraine-crisis-deprives-3-european-countries-of-russian-oil/ | false | 1 |
Wildcats get 3rd in NSIC poll
WAYNE, Neb. — The Wayne State College volleyball team was picked third in the 2022 NSIC Preseason Coaches’ Poll released Tuesday morning by the league office in Burnsville, Minnesota. Wildcat sophomore middle hitter Maggie Brahmer was selected as the Wayne State Player to Watch in the NSIC this season.
Wayne State collected 189 points in voting conducted by league coaches in the poll. The Wildcats finished the 2021 season at 22-8 overall and was fourth in the NSIC with a 14-6 league mark while ending the year ranked 18th in the final AVCA Division II Top 25 Coaches Poll.
Concordia-St. Paul edged defending NSIC regular season and tournament champion St. Cloud State as the team to beat in the NSIC this season. The Golden Bears garnered 217 points and nine first-place votes while St. Cloud State had 213 points and the remaining seven first-place votes. Following Wayne State in the poll were Augustana in fourth with 179 points and Minnesota Duluth and Northern State tied for fifth at 149 points each.
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Southwest Minnesota State came in seventh with 146 points, slightly ahead of Winona State’s 141 points. Minnesota State (115) and Upper Iowa (109) rounded out the top 10 teams.
Closing out the poll were Sioux Falls (98 pts), MSU Moorhead (61), Bemidji State (52), University of Mary (50), Minnesota Crookston (27) and Minot State (25).
Brahmer, a 6-0 sophomore middle hitter from Pierce , was listed Wayne State’s Player to Watch in the NSIC this season after earning All-NSIC First Team honors last season. She averaged 2.65 kills and 0.88 blocks per set while leading the NSIC and ranking third in NCAA Division II with a .461 attack percentage. Brahmer had at least one block in all but one match last season.
Wayne State opens the 2022 season at the Adelphi Tournament in New York on Aug. 25.
Hinton's Goosmann chooses Iowa Lakes
HINTON, Iowa — Iowa Lakes Community College announced Monday the signing of Hinton grad Madison Goosmann to the 2022-2023 softball recruiting class. Goosmann is the daughter of Jay and Autumn Goosmann.
In her senior year, Goosmann batted .451 with a .527 on-base percentage for the Blackhawks. She compiled 41 hits on the year, with seven doubles, one triple, and two homeruns.
In 91 at-bats, Goosmann struck out just five times, while drawing fifteen walks. She also drove in 30 of her teammates on the season. In the field, Goosmann had 17 assists with 280 putouts to earn a .971 fielding percentage. For her efforts this year, Goosmann earned All-Conference, All-District, and Third Team All-State. As a junior, she was awarded All-Conference.
X's trade Hilliard to Otters
SIOUX CITY — Before Tuesday's game, the Sioux City Explorers traded pitcher Ma’Khail Hilliard to the Evansville Otters for a player to be named later.
The Otters are a member of the Frontier League, a partner league of Major League Baseball.
Hilliard arrived late last month and pitched in two games with the Explorers. The former LSU Tiger pitcher lost both of those decisions, and he had a 15.18 earned run average.
He struck out four and walked 10 batters in 5 1/3 innings.
“He’s a kid who comes from a big-time program,” said X's manager Montgomery during the previous home stand. “We saw what we thought he was going to do. He has four pitches he can throw for strikes in the video we saw. He’s pitching for contact, but he has swing-and-miss secondary stuff.” | https://siouxcityjournal.com/sports/briefs/sports-briefs-wayne-state-picked-third-in-nsic-volleyball-poll/article_c4d09d81-5f4c-58b9-8d05-e5a71b336b28.html | 2022-08-09T21:14:49Z | https://siouxcityjournal.com/sports/briefs/sports-briefs-wayne-state-picked-third-in-nsic-volleyball-poll/article_c4d09d81-5f4c-58b9-8d05-e5a71b336b28.html | true | 1 |
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MEXICO CITY (AP) — They call him “El Jefe,” he is at least 12 years old and his crossing of the heavily guarded U.S.-Mexico border has sparked celebrations on both sides.
“El Jefe” — or “The Boss” — is one of the oldest jaguars on record along the frontier, one of few known to have crossed a border partly lined by a wall and other infrastructure to stop drug traffickers and migrants, and the one believed to have traveled the farthest, say ecologists of the Borderlands Linkages Initiative, a binational collaboration of eight conservation groups.
That assessment is based on photographs taken over the years. Jaguars can be identified by their spots, which serve as a kind of unique fingerprint.
The rare northern jaguar’s ability to cross the border suggests that despite increased impediments, there are still open corridors and if they are kept open “it is feasible (to conserve) the jaguar population in the long term,” said Juan Carlos Bravo of the Wildlands Network, one of those groups in the initiative.
But some fear for the jaguars’ future. Although it was the government of President Donald Trump that reinforced and expanded the border wall with Mexico, the Biden administration has announced plans for closing four gaps between the U.S. state of Arizona and the Mexican state of Sonora — the two states the jaguars traverse.
Conservationists do not know how many jaguars there are in the Sierra Madre Occidental, but of the 176 that have been identified over two decades by the Northern Jaguar Project — another group in the initiative — only two others besides “El Jefe” are known to have crossed the border, Bravo said. In one case, conservationists are not sure if the jaguar crossed the border alive or dead since only its skin was found.
The first photograph of “El Jefe” was taken by a hunter southeast of Tucson, Arizona, in 2011, Bravo said. The jaguar became famous in Arizona and a local school named him “El Jefe.” Motion sensor cameras installed in transit areas photographed the jaguar in Arizona again in 2012 and in 2015.
Conservationists were stunned when they confirmed that a photograph taken by another member of the coalition, Profauna, last November in the center of Sonora was “El Jefe.” The discovery meant not only that jaguars could still cross the border but that other jaguars they had lost track of could also still be alive, the initiative said in a statement.
Hunted in the southwestern United States for rewards offered by the government to promote cattle ranching, they were thought to have disappeared from the U.S. by the end of the 20th century. Jaguar populations are currently concentrated on Mexico’s Pacific coast, southeastern Mexico, Central America and central South America.
A sighting of jaguars in the United States in 1996 prompted studies that found a reproductive point in the center of Sonora.
The NGOs banded together to operate on both sides of the border to track the cats, create sanctuaries, understand where they moved and seek the support of landowners in the U.S. and Mexico to protect them, Bravo said.
Besides the difficulty of determining where to put cameras to record the animals and the subsequent analysis of the images, conservationists in Mexico face another problem: drug cartels.
“There is a presence of armed groups and drug traffickers” who pass through the same isolated areas as the jaguars, Bravo said by telephone from Sonora. “It is important to move carefully, work with the people in the communities that tell us where not to go. ... All of this is making it very, very complicated.”
The border is the main challenge for hopes to repopulate the American Southwest with jaguars, with walls impeding movement by those animals as well as the American antelope, the black bear and the Mexican wolf, Bravo said. Light towers and the roads used by the Border Patrol also are a problem, he added. | https://www.ctpost.com/news/article/El-Jefe-the-jaguar-famed-in-US-photographed-17362387.php | 2022-08-09T21:15:51Z | https://www.ctpost.com/news/article/El-Jefe-the-jaguar-famed-in-US-photographed-17362387.php | true | 37 |
TEHRAN, Iran (AP) — Iranian authorities granted a furlough for a French-Iranian academic who was sentenced to five years in prison for allegedly spreading propaganda, Iranian media reported Tuesday.
The semi-official ISNA news agency quoted Fariba Adelkhah’s attorney, Hojjat Kermani, as saying Adelkhah was on leave for five days but hoped that would be extended.
In January, Iranian justice officials ordered the re-imprisonment of Adelkhah, who was arrested in 2019. Adelkhah for a time had been allowed to serve a five-year prison sentence under house arrest.
She had been accused of “propaganda against the Islamic Republic’s political system” and “collusion to undermine national security.”
Another French citizen, Benjamin Briere, was arrested in May 2020 and Iran upheld the eight-year prison sentence of the French tourist for taking photos in a prohibited area and asking questions about Iran’s obligatory Islamic hijab for women.
Tehran wants a major prisoner swap as part of ongoing negotiations over the reinstatement of Iran's nuclear deal with world powers in Vienna. A similar swap accompanied the 2015 deal.
Adelkhah is among Western prisoners in Iran who are dual nationals. Iran does not recognize the status of dual nationals, recognizing them only as Iranian citizens. Western nations have urged Iran to release dual nationals and others, alleging they are used as bargaining chips in negotiations. | https://www.greenwichtime.com/news/article/Iran-grants-5-day-furlough-for-French-Iranian-17362438.php | 2022-08-09T21:16:42Z | https://www.greenwichtime.com/news/article/Iran-grants-5-day-furlough-for-French-Iranian-17362438.php | false | 11 |
SCOTTSDALE, Ariz. (AP) _ Axon Enterprise Inc. (AXON) on Tuesday reported second-quarter net income of $51 million, after reporting a loss in the same period a year earlier.
The Scottsdale, Arizona-based company said it had profit of 71 cents per share. Earnings, adjusted for non-recurring gains, came to 44 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.
The maker of stun guns and body cameras posted revenue of $285.6 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $258.1 million.
Axon expects full-year revenue in the range of $1.07 billion to $1.12 billion.
Axon shares have dropped 29% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $111.62, a drop of 42% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AXON at https://www.zacks.com/ap/AXON | https://www.ncadvertiser.com/business/article/Axon-Q2-Earnings-Snapshot-17362609.php | 2022-08-09T21:18:02Z | https://www.ncadvertiser.com/business/article/Axon-Q2-Earnings-Snapshot-17362609.php | true | 14 |
Jon Jones' UFC heavyweight debut is seemingly going to finally happen. Dana White recently named two opponents that 'Bones' will face upon returning to the MMA organization.
The UFC president stated on The Jim Rome Show that Jones will either face Stipe Miocic or Francis Ngannou on his UFC heavyweight debut.
Dana White also said that a potential bout with Ngannou would depend on the heavyweight champion's fitness. The Cameroonian is currently sidelined due to a knee injury.
While discussing Jones' next fight, White stated:
"We’re just waiting for an opponent. It’s either going to be Francis depending on how long his knee is going to take to recover or Stipe Miocic."
The fastest bout to make seems to be Jon Jones vs. Stipe Miocic, with 'Bones' stating that he would be willing to fight the heavyweight as soon as next month. On Twitter, Jones had said that Miocic needed until September to become fully fit and ready to compete, which 'Bones' was patiently waiting for.
However, a few days ago, Jones once again updated everyone on his Twitter profile, this time mentioning Francis Ngannou instead. 'Bones' stated that the heavyweight champion is "back on the table" and that a bout could happen in November.
Michael Bisping believes Jon Jones vs. Stipe Miocic will "probably" be for an interim belt
Former UFC middleweight champion Michael Bisping recently spoke about Jon Jones' potential heavyweight debut within the UFC on his YouTube channel.
Bisping believes that 'Bones' will probably face Stipe Miocic next and also feels that the bout will be for an interim UFC belt.
The former UFC champion also believes that if Jones becomes interim heavyweight champion, he will go on to face Francis Ngannou in his next bout. While speaking on his YouTube live stream, Bisping said:
"Jon Jones, greatest of all time, probably gonna do fantastic things at heavyweight. Probably Stipe Miocic, probably an interim belt, probably fights Francis Ngannou if he wins that one. So there's a lot to look forward to..."
Watch the full YouTube live stream here:
It's clear that both the UFC and 'Bones' are keen to make at least one of these heavyweight bouts happen soon. However, with Ngannou recently struggling with a knee injury, the champion might need more time to recover, despite positive whispers from Jones' Twitter posts.
This leaves Miocic as the most likely opponent. It makes perfect sense given that both fighters will be keen on a title shot and both have the credibility within the UFC to sell PPVs for the organization. | https://www.sportskeeda.com/mma/news-jon-jones-next-fight-who-dana-white-say-bones-likely-fight-ufc-heavyweight-debut | 2022-08-09T21:18:47Z | https://www.sportskeeda.com/mma/news-jon-jones-next-fight-who-dana-white-say-bones-likely-fight-ufc-heavyweight-debut | true | 1 |
Kindergartner removed from private school because of same-sex parents
DEQUINCY, La. (KPLC/Gray News) – A couple’s story went viral after they shared on social media that their daughter’s school told them she could no longer attend because they are in a same-sex marriage.
Monday was supposed to be Zoey’s first day of kindergarten at Bible Baptist Academy, but Jennifer Parker and Emily Parker said they were told by school officials last week that she would not be able to attend.
“We got called into the principal’s office for a meeting, they informed us that Zoey wouldn’t be able to go to school there anymore because of our lifestyle choices,” Jennifer Parker said.
Jennifer Parker and Emily Parker are in a same-sex marriage. They adopted Zoey, Jennifer’s 5-year-old niece, after the girl’s father was in an industrial accident in 2020.
“She lost her father, she lost her mother, and now she’s losing her school, which she loves very much,” Jennifer Parker said.
Zoey, who attended Bible Baptist Academy for Pre-K, was officially adopted by her aunt last week.
However, once word got around of her new family, things changed.
“On the 3rd [of August], we adopted her, and we went to open house, we got the uniforms we got the fees,” Emily Parker said.
The school’s principal and pastor broke the news to the Parkers over the weekend.
“The pastor met us in the meeting room and started talking about gender identification and that they teach the words of the Lord and marriage was between a man and a woman,” Emily Parker said. “They didn’t think this was a good fit.”
Bible Baptist Academy said in a statement that the school is “committed to instructing and living in accordance with the teachings of Scripture.” They say that’s what they strive to teach students who attend.
“This should not be interpreted that we have any hatred or malice toward them. We are just as committed to loving all people as we are to holding to Bible principles that people may not agree with or may not understand,” the school said.
Jennifer Parker said they’ve received overwhelming support from the community, and they are grateful to have offers from other Christian schools in the area.
“It’s a blessing in disguise,” Jennifer Parker said. “We have an opportunity to bring her to a school which is a little closer, and it’s a new opportunity for her to make new friends.”
The full statement from Bible Baptist Academy reads:
“At BBA, we are committed to instructing and living in accordance with the teachings of Scripture. We believe that the Bible teaches that every life has value and that there is dignity in all of us because we have been created in the image of God. The Bible also teaches us to love everyone with the love of God despite their personal choices. We strive to teach this to the students who attend. We encourage them to show love and compassion to everyone. As a Baptist academy, we are also committed to provide an environment that is consistent with the beliefs that we hold. We want our students to not only know our beliefs, but we want them to see them as well. Regarding personal relationships, we hold that those relationships, whether in dating or in marriage, should be between a man and a woman.
We live in wonderful country! We have been granted the freedom to worship as we see fit. And as a Christian institution, we are protected by federal laws that give us the opportunity to teach and practice our beliefs. We feel deeply that our first obligation is to God and being faithful to Him. There are times where our commitment to upholding our Christian values will not line up with the values of other people. This should not be interpreted that we have any hatred or malice toward them. We are just as committed to loving all people as we are to holding to Bible principles that people may not agree with or may not understand.
BBA is committed to academic excellence with rich Scriptural instruction.”
Copyright 2022 KPLC via Gray Media Group, Inc. All rights reserved. | https://www.wifr.com/2022/08/09/kindergartner-removed-private-school-because-same-sex-parents/ | 2022-08-09T21:18:51Z | https://www.wifr.com/2022/08/09/kindergartner-removed-private-school-because-same-sex-parents/ | false | 18 |
Which spiral notebook is best?
For all the digital devices at our fingertips, there is still value in putting pen to paper in a notebook. Some prefer the feeling of writing as a mindfulness exercise, while others find writing makes it easier to study in school or support their work. Spiral notebooks are appealing as sheets fold over easily, and you usually can remove pages without a hassle.
The best spiral notebooks offer an organized way to catalog important information while catering to your writing instrument of choice. The best, the durable Five Star Five-Subject Spiral Notebook, includes 200 pages across five sections to help with taking notes and studying.
What to know before you buy a spiral notebook
Ruling
The presence and spacing of lines in notebooks is referred to as ruling. Most spiral notebooks are ruled so you can easily write and organize content. There are a few notable types of ruling:
- Wide ruled lines are spaced farthest apart. With 11⁄32 of an inch between the horizontal lines, wide ruled notebooks are useful for those with slightly larger handwriting or anyone who prefers more white space when reading over notes.
- College ruled notebooks find the lines slightly narrower, with 9⁄32 of an inch in between. This ruling is most popular for those in college.
- Grid ruling, also known as quad or graph ruling, features both horizontal and vertical lines that are evenly spaced. These notebooks are useful for those in mathematical or artistic pursuits.
- Blank notebooks lack ruling entirely, with empty pages welcoming artists, designers and anyone else who wants an empty canvas.
Size
Most spiral notebooks measure 8 by 10.5 inches. This fits easily into backpacks and binders, suiting those in school. Smaller notebooks, around 5.9 by 8.3 inches, are available for those seeking something easier to store and transport. Anything smaller is typically called a notepad.
Sheets
Spiral notebooks include anywhere from 50 to 200 sheets, in most cases double-sided to maximize efficiency. While you can tear sheets out by force, leaving bits of paper behind attached to the spiral rings, most notebooks have page perforations for easy removal. What’s more, some are three-hole punched in advance, so individual pages or the entire notebook can move to a binder.
What to look for in a quality spiral notebook
Thickness
Page thickness is measured in grams per square meter (GSM), and it is a strong indicator of the notebook’s quality. Basic notebooks include pages of at least 50 GSM, with high-quality notebooks offering pages of at least 80 GSM. Higher thickness prevents ghosting, in which writing is visible on the reverse side of the paper, as well as bleeding, where ink comes through the paper.
Most notebooks either advertise page thickness or indicate the types of writing instruments, from pencils to ballpoint pens, that they best accommodate.
Subjects
Notebooks may be divided into sections called subjects. A one-subject notebook has no divisions, while a five-subject notebook includes four dividers. Notebooks with multiple subjects appeal to students: you can lump classes together or to help mark the passage of time across quarters or semesters.
Colors
The cover of a notebook may feature a solid color, with black among the most popular, or a pattern or design. For those who need multiple notebooks, particularly for a full slate of classes, color-coding is useful. Notebooks may be sold in packs where each is a different color. Some even color the spiral rings the same as the cover for an aesthetically pleasing touch.
How much you can expect to spend on a spiral notebook
Most cost $5-$20, depending on their size and the quality of their paper.
Spiral notebook FAQ
What’s the difference between softcover and spiral notebooks?
A. The main difference is the spine. With softcover, the spine is flat and covered, not unlike a book, so it stands up better over time. However, you cannot conveniently fold over pages to the back like you can with a spiral notebook. Softcover notebooks tend to be lighter, smaller and more expensive.
What are the benefits of a spiral notebook over a tablet or laptop?
A. The process of writing, whether taking notes or generating ideas, forces you to engage with the material in a way that can enhance memory and retention. For some, using a notebook is less distracting than staring at a screen for hours. Physical notebooks also provide a place for reflection and important information you don’t want kept in an electronic device.
What’s the best spiral notebook to buy?
Top spiral notebook
Five Star Five-Subject Spiral Notebook
What you need to know: This high-quality notebook with durable pages supports a full course load for organized students.
What you’ll love: With 200 pages across five sections, this comprehensive notebook is the ideal school companion. The cover resists water while the sheets withstand ink bleed. A compatible app scans and uploads notes to your digital device.
What you should consider: This is among the pricier notebooks.
Where to buy: Sold by Amazon
Top spiral notebook for the money
What you need to know: This set of four single-subject color-coded notebooks provides terrific value.
What you’ll love: Each notebook in this inexpensive pack includes 70 sheets and wide ruling. The pages are perforated and three-hole punched for easy binder integration.
What you should consider: The pages are thin, so avoid ballpoint or fountain pens.
Where to buy: Sold by Amazon
Worth checking out
Steel Mill and Co. Mini Spiral Notebook
What you need to know: This small, cute personal notebook includes high-quality paper and convenient features.
What you’ll love: This college ruled notebook features 160 quality perforated pages that withstand shadowing and bleeding. A variety of attractive, durable covers are offered, including floral patterns and colorful dots.
What you should consider: The size is not ideal for regular classwork.
Where to buy: Sold by Amazon
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://www.nwahomepage.com/reviews/br/office-br/writing-supplies-br/best-spiral-notebook/ | 2022-08-09T21:18:51Z | https://www.nwahomepage.com/reviews/br/office-br/writing-supplies-br/best-spiral-notebook/ | false | 31 |
NationalAustralia's wealthiest postcodes revealedNew data from the Australian Taxation Office has revealed Australia's wealthiest postcodes.August 10, 2022 — 7.02amSaveLog in, register or subscribe to save articles for later.LoadingReplayReplay videoPlay videoPlay video | https://www.brisbanetimes.com.au/national/australias-wealthiest-postcodes-revealed-20220810-p5b8ls.html?ref=rss&utm_medium=rss&utm_source=rss_national | 2022-08-09T21:19:06Z | https://www.brisbanetimes.com.au/national/australias-wealthiest-postcodes-revealed-20220810-p5b8ls.html?ref=rss&utm_medium=rss&utm_source=rss_national | false | null |
Expanding portfolio of FDA approved brands driving double digit growth
NASHVILLE, Tenn., Aug. 9, 2022 /PRNewswire/ -- Cumberland Pharmaceuticals Inc. (NASDAQ: CPIX), a specialty pharmaceutical company, today announced that its product portfolio of FDA-approved brands delivered combined revenues of $10.3 million during the second quarter of 2022 – a 14% increase over the prior year period. Cumberland also reports a 10% increase in net revenues for the first half of the year compared to the same period in 2021.
Year-to-date cash flow from operations were $2.2 million. The Company's financial position included $93 million in total assets, $53 million in total liabilities and $40 million of shareholders' equity at the end of the quarter.
"We have had a strong first half of the year, especially following our exciting and significant acquisition of the oncology-supportive care medicine Sancuso," said A.J. Kazimi, CEO of Cumberland Pharmaceuticals. "We look forward to building on this success throughout the remainder of the year, as we continue to fulfill our mission of providing innovative products to improve the quality of care for patients."
Cumberland will report its full second quarter 2022 financial results and provide a company update via a conference call today at 4:30 p.m. Eastern Time.
To join, please register at https://register.vevent.com/register/BIcc5e9791aa7343d9927dca16dc4cf493. Once registered, participants can dial in from their phone using a dial-in and PIN number that will be provided. Alternatively, there is a "Call Me" option to have the system automatically call them at the start of the conference. A replay of the call will be available for one year and can be accessed via Cumberland's website or by visiting https://edge.media-server.com/mmc/p/3qe9g6y5.
Following its January 2022 acquisition of oncology-supportive care medicine Sancuso, Cumberland entered into an agreement with Verity Pharmaceuticals International Limited for the national co-promotion of the product. A specialty pharmaceutical company, Verity will utilize its established oncology commercial organization and customer network to co-promote Sancuso throughout the United States. Verity launched its national co-promotion efforts in July 2022.
In early August 2022, Cumberland announced the results of its 2021 Sustainability Report, outlining the company's activities pertaining to environmental, social and governance matters.
Highlights from the report include:
• Cumberland provided 2.43 million doses of its products for patients in 2021.
• Cumberland also safely disposed of over 6,200 pounds of expired or damaged products in 2021.
• During 2021, Cumberland had:
* no products recalled,
* no company brands listed on FDA's MedWatch Safety Alerts for Human Medical Products,
* no company product issues identified by FDA from their Adverse Event Reporting System,
* no clinical trials terminated due to failure to practice good clinical standards.
The 2021 Sustainability Report also highlights Cumberland's investment in its employees through its continuing education programs, employee development initiatives and employee recognition awards. Cumberland's workforce is 44% women, and 15% of its employees are minorities.
In July 2022, Cumberland welcomed Martin Brown Jr. to its board of directors. Brown's experience includes 10 years on the board of directors of Brown-Forman Corporation, a large American spirits and wine company whose shares are listed on the New York Stock Exchange. Additionally, he has served since 2018 on the board of directors of the parent company of Aegis Sciences Corporation, a federally certified health care laboratory headquartered in Nashville.
Brown is an attorney at Adams and Reese LLP. He has nearly 30 years of legal experience representing privately held businesses, counseling owners in complex business transactions, intellectual property licensing, international commerce, mergers and acquisitions, and estate planning. He has been listed since 2009 in the corporate law category of Best Lawyers®.
Additionally, Brown has been an active board member for many community organizations, including the Land Trust for Tennessee, Nashville Public Radio, Montgomery Bell Academy, Nashville Public Television, Centerstone Mental Health Center, Cheekwood Estate and Gardens, and Tennessee chapter of the Nature Conservancy.
On July 12, 2022, Cumberland and Nordic Pharma entered into an amendment to their agreement, addressing the responsibilities and financial arrangements regarding Cumberland's license to Nordic's methotrexate line of products for the U.S., which is marketed under the brand name RediTrex.
Based on the amendment, Cumberland has provided Nordic the opportunity to assume responsibility for commercializing the methotrexate products in the U.S. after March 31, 2023. Until then, Cumberland will continue to distribute and support the RediTrex product line. Following the return of the license, Nordic will provide Cumberland with a royalty on their future sales of the product through April 2035. The two companies will continue to collaborate on any transition and ongoing commercialization of the product line.
Cumberland is currently sponsoring three Phase II clinical programs to evaluate its ifetroban product candidate in 1) Aspirin-Exacerbated Respiratory Disease (AERD), a severe form of asthma; 2) Systemic Sclerosis or scleroderma, a debilitating autoimmune disorder characterized by diffuse fibrosis of the skin and internal organs; and 3) patients with cardiomyopathy associated with Duchenne Muscular Dystrophy, a genetic neuromuscular disease that results in deterioration of the skeletal, heart and lung muscles. Cumberland is awaiting results from the studies underway before deciding on the best development path for the registration of ifetroban.
The company is also designing a fourth Phase II program to evaluate the use of ifetroban to treat patients with Progressive Fibrosing Interstitial Lung Diseases and is currently preparing an application to the FDA to support the new program.
In addition to these Cumberland-sponsored studies, Harvard clinical investigators have led a Phase II trial in patients with AERD. Their study is designed to understand the mechanism of ifetroban in those patients and therefore complements the work Cumberland has underway. Their work has been supported by a $5 million grant from the NIH. Patient enrollment in the study is now closed, and the data analysis is underway.
In June 2022, the American Journal of Respiratory and Critical Care Medicine published preclinical studies that support the use of ifetroban as a promising therapeutic for patients with pulmonary fibrosis associated with lung disease.
Specifically, the researchers reported that ifetroban was used to block thromboxane receptor signaling in three preclinical models of lung fibrosis: bleomycin-induced lung fibrosis, Hermansky-Pudlak Syndrome mice and radiation-induced lung fibrosis. Ifetroban reduced pro-fibrotic signaling in the lungs and prevented lung fibrosis due to multiple causes (bleomycin, genetic and radiation).
Net Revenue: For the three months ended June 30, 2022, net revenues from continuing operations were $10.3 million.
Net revenue by product for the second quarter of 2022, included $3.6 million for Kristalose®, $3.4 million for Sancuso®, $1.6 million for Vibativ® and $1.2 million for Caldolor®.
Year-to-date 2022 net revenues were $21.5 million, compared to $19.6 million for the prior year period.
Year-to-date net revenues by product were $7.5 million for Kristalose, $6.8 million for Sancuso, $4.1 million for Vibativ and $2.2 million for Caldolor.
Operating Expenses: Total operating expenses for the second quarter were $12.1 million, compared to $10.5 million for the prior year period.
Year-to-date 2022 operating expenses were $24.6 million, compared to $21.4 million for 2021.
Adjusted Earnings: Adjusted earnings for the second quarter of 2022 were $(0.3) million, or $(0.01) per share.
The adjusted earnings calculation does not include the benefit of the $0.3 million of Vibativ cost of goods, which were received with the product acquisition. It also does not include the benefit of the $0.4 million of Sancuso cost of goods, which were received with that product's acquisition.
Cash Flow: Year-to-date cash flow from operations was $2.2 million.
Balance Sheet: At June 30, 2022, Cumberland had $93 million in total assets including $18 million in cash and cash equivalents. Total liabilities were $53 million, including $19 million outstanding on the Company's revolving line of credit. Total shareholders' equity was $40 million.
Cumberland Pharmaceuticals Inc. is the largest biopharmaceutical company founded and headquartered in the Mid-South and is focused on the delivery of high-quality, prescription brands designed to improve patient care. The company develops, acquires, and commercializes products for the hospital acute care, gastroenterology, rheumatology and oncology market segments.
The Company's portfolio of FDA-approved brands includes:
• Acetadote® (acetylcysteine) injection, for the treatment of acetaminophen poisoning;
• Caldolor® (ibuprofen) injection, for the treatment of pain and fever;
• Kristalose® (lactulose) oral, a prescription laxative, for the treatment of constipation;
• Omeclamox®-Pak, (omeprazole, clarithromycin, amoxicillin) oral, for the treatment of Helicobacter pylori (H. pylori) infection and related duodenal ulcer disease;
• RediTrex® (methotrexate) injection, for the treatment of active rheumatoid, juvenile idiopathic and severe psoriatic arthritis, as well as disabling psoriasis;
• Sancuso® (granisetron) transdermal, for the prevention of nausea and vomiting in patients receiving certain types of chemotherapy treatment;
• Vaprisol® (conivaptan) injection, to raise serum sodium levels in hospitalized patients with euvolemic and hypervolemic hyponatremia; and
• Vibativ® (telavancin) injection, for the treatment of certain serious bacterial infections including hospital-acquired and ventilator-associated bacterial pneumonia, as well as complicated skin and skin structure infections;
The Company also has a series of Phase II clinical programs underway evaluating its ifetroban product candidate in patients with cardiomyopathy associated with Duchenne Muscular Dystrophy, Systemic Sclerosis and Aspirin-Exacerbated Respiratory Disease.
For more information on Cumberland's approved products, including full prescribing information, please visit links to the individual product websites, which can be found on the Company's website www.cumberlandpharma.com.
Acetadote, administered intravenously within 8 to 10 hours after ingestion of a potentially hepatotoxic quantity of acetaminophen, is indicated to prevent or lessen hepatic injury. Used in the emergency department, Acetadote is approved in the United States to treat overdose of acetaminophen, a common ingredient in many over-the-counter medications. Acetadote is contraindicated in patients with hypersensitivity or previous anaphylactoid reactions to acetylcysteine or any components of the preparation. For full prescribing and safety information, visit www.acetadote.com.
Caldolor is indicated in adults and pediatric patients for the management of mild to moderate pain and management of moderate to severe pain as an adjunct to opioid analgesics, as well as the reduction of fever. It was the first FDA-approved intravenous therapy for fever. Caldolor is contraindicated in patients with known hypersensitivity to ibuprofen or other NSAIDs, patients with a history of asthma or other allergic type reactions after taking aspirin or other NSAIDs. Caldolor is contraindicated for use during the peri-operative period in the setting of coronary artery bypass graft (CABG) surgery. For full prescribing and safety information, including boxed warning, visit www.caldolor.com.
Kristalose is indicated for the treatment of acute and chronic constipation. It is a unique, proprietary, crystalline form of lactulose, with no restrictions on length of therapy or patient age. Kristalose is contraindicated in patients who require a low-galactose diet. Elderly, debilitated patients who receive lactulose for more than six months should have serum electrolytes (potassium, chloride, carbon dioxide) measured periodically. For full prescribing and safety information, visit www.kristalose.com
Omeprazole is an antisecretory drug, which works by decreasing the amount of acid the stomach produces. Clarithromycin and amoxicillin are antibacterial drugs, which inhibit the growth of bacteria allowing the stomach lining to heal. Omeclamox-Pak is contraindicated in patients with a history of hypersensitivity to omeprazole, any macrolide antibiotic or penicillin. For full prescribing and safety information, visit www.omeclamox.com.
RediTrex is a single-dose prefilled syringe containing prescription methotrexate. RediTrex is used to treat adults with severe, active rheumatoid arthritis and children with active polyarticular juvenile idiopathic arthritis, after treatment with other medicines including non-steroidal anti-inflammatory drugs (NSAIDS) have been used and did not work well. Methotrexate can control the symptoms of severe, resistant, disabling psoriasis in adults when other types of treatment have failed. For full prescribing and safety information, visit www.reditrex.com
Sancuso is the only skin patch approved by the U.S. Food and Drug Administration for the prevention of chemotherapy-induced nausea and vomiting (CINV) in patients receiving moderately and/or highly emetogenic chemotherapy. When applied 24 to 48 hours before receiving chemotherapy, the SANCUSO patch slowly and continuously releases the medicine contained in the adhesive through clean and intact skin areas into the patient's bloodstream. It can be worn for up to seven days in a row for chemotherapy regimens of up to five consecutive days. For full prescribing and safety information, visit www.sancuso.com.
Vaprisol is an intravenous treatment for hyponatremia used in the critical care setting. Hyponatremia is an electrolyte disturbance in which sodium ion concentration in blood plasma is lower than normal. This can be associated with a variety of critical care conditions including congestive heart failure, liver failure, kidney failure and pneumonia. The product is a vasopressin receptor antagonist that raises serum sodium levels and promotes free water secretion. Vaprisol is contraindicated in patients with hypovolemic hyponatremia. The coadministration of Vaprisol with potent CYP3A inhibitors, such as ketoconazole, itraconazole, clarithromycin, ritonavir, and indinavir, is contraindicated. For full prescribing and safety information, including boxed warning, visit www.vaprisol.com.
Vibativ is a patented, FDA approved injectable anti-infective for the treatment of certain serious bacterial infections including hospital-acquired and ventilator-associated bacterial pneumonia and complicated skin and skin structure infections. It addresses a range of Gram-positive bacterial pathogens, including those that are considered difficult-to-treat and multidrug-resistant. Intravenous unfractionated heparin sodium is contraindicated with Vibativ administration due to artificially prolonged activated partial thromboplastin time (aPTT) test results for up to 18 hours after Vibativ administration. Vibativ is contraindicated in patients with a known hypersensitivity to telavancin. For more information please visit www.vibativ.com.
Cumberland Emerging Technologies, Inc. (www.cet-fund.com) is a joint initiative between Cumberland Pharmaceuticals Inc., Vanderbilt University, LaunchTN, and WinHealth. The mission of CET is to advance biomedical technologies and products conceived at Vanderbilt University and other regional research centers towards the marketplace.
CET helps manage the development and commercialization process for select projects, and provides expertise on intellectual property, regulatory, manufacturing and marketing issues that are critical to successful new biomedical products. CET's Life Sciences Center provides laboratory space, equipment and infrastructure for CET's activities and other early-stage life sciences ventures.
This press release contains forward-looking statements, which are subject to certain risks and reflect Cumberland's current views on future events based on what it believes are reasonable assumptions. No assurance can be given that these events will occur. Forward-looking statements include, among other things, statements regarding the company's intent, belief or expectations, and can be identified by the use of terminology such as "may," "will," "expect," "believe," "intend," "plan," "estimate," "should," "seek," "anticipate" and other comparable terms or the negative thereof. As with any business, all phases of Cumberland's operations are subject to factors outside of its control, and any one or combination of these factors could materially affect Cumberland's operation results. These factors include market conditions, competition, an inability of manufacturers to produce Cumberland's products on a timely basis, failure of manufacturers to comply with regulations applicable to pharmaceutical manufacturers, natural disasters, public health epidemics, maintaining an effective sales and marketing infrastructure, and other events beyond the company's control as more fully discussed in its most recent 10-Q as filed with the SEC. There can be no assurance that results anticipated by the company will be realized or that they will have the expected effects. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. The company does not undertake any obligation to publicly revise these statements to reflect events after the date hereof.
The Company provided the above adjusted supplemental financial performance measures, which are considered "non-GAAP" financial measures under applicable SEC rules and regulations. These financial measures should be considered supplemental to, and not as a substitute for, financial information prepared in accordance with Generally Accepted Accounting Principles ("GAAP"). The definition of these supplemental measures may differ from similarly titled measures used by others.
Because these supplemental financial measures exclude the effect of items that will increase or decrease the Company's reported results of operations, management encourages investors to review the Company's consolidated financial statements and publicly filed reports in their entirety. A reconciliation of the supplemental financial measures to the most directly comparable GAAP financial measures is included in the tables accompanying this release.
Cumberland's management believes these supplemental financial performance measures are important as they are used by management, along with financial measures in accordance with GAAP, to evaluate the Company's operating performance. In addition, Cumberland believes that they will be used by certain investors to measure the Company's operating results. Management believes that presenting these supplemental measures provides useful information about the Company's underlying performance across reporting periods on a consistent basis by excluding items that Cumberland does not believe are indicative of its core business performance or reflect long-term strategic activities. Certain of these items are not settled through cash payments and include: depreciation, amortization, share-based compensation expense and income taxes. Cumberland utilizes its net operating loss carryforwards to pay minimal income taxes. In addition, the use of these financial measures provides greater transparency to investors of supplemental information used by management in its financial and operational decision-making, including the evaluation of the Company's operating performance.
The Company defines these supplemental financial measures as follows:
• Adjusted Earnings (loss): net income (loss) adjusted for the impact of discontinued operations, income taxes, depreciation and amortization expense, share-based compensation, nonrecurring gains and interest income and interest expense.
(a) Represents the share-based compensation of Cumberland.
(b) Represents the forgiveness of the PPP Loan by the Small Business Administration.
(c) Represents the gain in insurance proceeds.
• Adjusted Diluted Earnings (loss) Per Share: Adjusted Earnings (loss) divided by diluted weighted-average common shares outstanding.
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SOURCE Cumberland Pharmaceuticals Inc. | https://www.wabi.tv/prnewswire/2022/08/09/cumberland-pharmaceuticals-reports-14-revenue-growth/ | 2022-08-09T21:19:19Z | https://www.wabi.tv/prnewswire/2022/08/09/cumberland-pharmaceuticals-reports-14-revenue-growth/ | false | 11 |
WYNYARD, UK, Aug. 9, 2022 /PRNewswire/ -- Venator Materials PLC (NYSE: VNTR) ("Venator") today announced the resignation of Kathy Patrick from its Board of Directors and the appointment of Miguel Kohlmann to its Board of Directors, both effective August 9, 2022.
Ms. Patrick has served as a director since the Company's IPO in 2017 and served on Venator's Audit Committee and Compensation Committee at the time of her resignation. She is resigning due to other professional commitments.
Mr. Kohlmann is based in Europe and has substantial industry experience as a former CEO and via service on a number of boards, including the listed Danish building materials group H+H. Mr. Kohlmann is an independent director and will serve as a member of Venator's Audit Committee and Compensation Committee.
Simon Turner, President and CEO of Venator, commented. "We would like to thank Kathy for her invaluable service to our Board and the Company and we are pleased to welcome Miguel to our Board of Directors. Miguel's breadth of experience will be a valuable addition to an already strong Board that is actively involved in strategy and value enhancement for our business."
About Venator
Venator is a global manufacturer and marketer of chemical products that comprise a broad range of pigments and additives that bring color and vibrancy to buildings, protect and extend product life, and reduce energy consumption. We market our products globally to a diversified group of industrial customers through two segments: Titanium Dioxide, which consists of our TiO2 business, and Performance Additives, which consists of our functional additives, color pigments and timber treatment businesses. Based in Wynyard, U.K., Venator employs approximately 3,500 associates and sells its products in more than 110 countries.
Social Media:
Twitter: www.twitter.com/VenatorCorp
Facebook: www.facebook.com/venatorcorp
LinkedIn: www.linkedin.com/company/venator-corp
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Chrissy Teigen And John Legend Announce They’re Expecting, 2 Years After Pregnancy Loss
Chrissy Teigen and John Legend are expecting to bring another baby into the world!
Teigen shared on Instagram that she was undergoing IVF to conceive their fourth child together. After the recent pregnancy loss of their son Jack in 2020, Teigen expressed she was nervous to be pregnant again in her post.
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“The last few years have been a blur of emotions to say the least, but joy has filled our home and hearts again,” she expressed in the post. “1 billion shots later (in the leg lately, as u can see!) we have another on the way.”
“Every appointment I’ve said to myself, ‘ok if it’s healthy today I’ll announce’ but then I breathe a sigh of relief to hear a heartbeat and decide I’m just too nervous still,” she said. “I don’t think I’ll ever walk out of an appointment with more excitement than nerves but so far, everything is perfect and beautiful and I’m feeling hopeful and amazing. Ok phew it’s been very hard keeping this in for so long!”
The couple has two children together, daughter Luna Simone, 6, and son Miles Theodore, 4.
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View this post on InstagramA post shared by chrissy teigen (@chrissyteigen)
SEE: After Recent Backlash, Chrissy Teigen Deactivates Her Twitter Account
SEE: Chrissy Teigen Gets Tattoo To Remember Child She Lost
SEE: John Legend & Chrissy Teigen Mourn Pregnancy Loss | https://www.newsbreak.com/news/2693405258523/chrissy-teigen-and-john-legend-announce-they-re-expecting-2-years-after-pregnancy-loss | 2022-08-09T21:20:15Z | https://www.newsbreak.com/news/2693405258523/chrissy-teigen-and-john-legend-announce-they-re-expecting-2-years-after-pregnancy-loss | false | 10 |
DNA leads to arrest of Hawaii man in 1982 California killing
A Hawaii man has been arrested after DNA technology helped investigators identify him as a suspect in the 1992 slaying of a 15-year-old girl who was abducted in Northern California from a bus stop, raped and killed, authorities said.
Karen Stitt was waiting for a bus in Sunnyvale when she disappeared in the early morning hours of Sept. 3, 1982. A delivery truck driver discovered her naked body among some bushes 100 yards (91 meters) away from the bus stop, the Mercury News reported Tuesday.
Last week, Sunnyvale police arrested Gary Ramirez, 75, in Maui after they say his DNA matched the blood from Karen’s leather jacket and the 4-foot (1.2-meter) cinder block wall where the killer left her after stabbing her 59 times, the newspaper reported.
Ramirez remains incarcerated in a Maui jail awaiting an extradition hearing Wednesday to bring him to California. It was not immediately clear if he has retained an attorney who can speak on his behalf.
Santa Clara County cold case investigators say they used DNA technology linked to family tree genealogy, the same investigative process that led to the arrest and guilty plea of the Golden State Killer in 2018.
Sunnyvale police Detective Matt Hutchison said he arrested Ramirez, a man with a bad hip who appeared so shocked he could say little more than, “Oh my gosh.”
Ramirez, a retired bug exterminator, had no criminal record, police say. His older brother, Rudy Ramirez, who also lives in Maui, said he can’t imagine that his younger brother would be capable of such a horrific crime.
“I’ve never seen him violent or get angry ever,” Ramirez’s brother told the newspaper. “He wouldn’t hurt a fly.”
Three years ago, Hutchison teamed up with a genealogist who narrowed the DNA down to four brothers. Hutchison then sought out one of Gary Ramirez’s children and collected a DNA sample, which showed a high probability that the suspect was their father, he said. After that, authorities used a search warrant to swab Gary Ramirez’s mouth for a DNA sample, which a crime lab confirmed matched the DNA found at the crime scene.
When he opened the email with the DNA match, “I wanted to scream, but I can’t because I didn’t want to wake up the hotel,” Hutchinson said. “So I just took a moment to reflect.”
He opened up his laptop and clicked on the photo of Karen.
“I took a quick glance at her photo,” he said, “and I just told her, ‘We did it.’”
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ROCHESTER, N.Y., Aug. 9, 2022 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI) ("Vuzix" or the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technologies and products, today reported its second quarter results for the period ended June 30, 2022.
"Despite the macro challenges that persisted throughout our second quarter, we were able to achieve both sequential and modest year-over-year product sales growth," said Paul Travers, President and CEO. "More importantly, we continued to make steady progress in our pursuit of larger product deployments with many enterprise accounts, especially within warehousing and logistics as well as healthcare. At the same time, we continued to execute on opportunities to expand and strengthen our global sales channel in select regions. On the OEM side of our business, we are seeing growing interest in our waveguide and display engine solutions from both new and existing customers across the defense, consumer and enterprise sectors."
The following table compares condensed elements of the Company's unaudited summarized Consolidated Statements of Operations data for the three months ended June 30, 2022 and 2021, respectively:
Second Quarter 2022 Financial Results
For the three months ended June 30, 2022, total revenues increased by 3% to $3.0 million versus $2.9 million for the comparable period in 2021. Sales of Vuzix smart glasses products and engineering services were relatively unchanged in the period.
There was an overall gross profit of $0.4 million or 14% of revenues for the three months ended June 30, 2022 as compared to $0.6 million or 20% for the same period in 2021. The decrease was largely due to a higher level of sales discounts on a large unit volume sale and negative foreign exchange impacts from our non-US dollar denominated sales.
Research and Development (R&D) expense was $3.0 million for the three months ended June 30, 2022 compared to $2.7 million for the comparable 2021 period, an increase of approximately 10%. The rise in R&D expense was largely due to increases in external development expenses related to Shield smart glasses and salary and benefits expenses.
Selling and Marketing expense was $1.9 million for the three months ended June 30, 2022, versus $1.3 million the comparable 2021 period, an increase of approximately 37%. The rise was primarily due to increases in salary and benefits expenses due to headcount increases.
General and Administrative expense for the three months ended June 30, 2022 was $5.0 million versus $5.2 million for the comparable 2021 period, a decrease of approximately 3%. The decline was primarily due to lower shareholder and IR related expenses.
The net loss for the three months ended June 30, 2022 was $10.0 million or $0.16 cents per share versus a net loss of $9.2 million or $0.15 for the same period in 2021.
The net cash operating loss after adding back non-cash items for the second quarter of 2022 was $5.5 million as compared to a loss of $4.6 million for the second quarter of 2021. As of June 30, 2022, the Company maintained cash and cash equivalents of $100.6 million and an overall working capital position of $109.1 million.
Management Outlook
"Notwithstanding the challenging supply chain and economic environments that remain in place, our outlook for the balance of 2022 continues to be positive with the expectation that our second half revenue will see further growth. Enterprise adoption of our smart glasses is poised to accelerate with larger orders anticipated from repeat and, in some cases, very large new customers that should ultimately represent significant units and dollar values. These major customers, with which we are already engaged and shipping to, remain committed to deploying Vuzix smart glasses in larger numbers and we believe it is now just a matter of when, and not if, for all of them," said Mr. Travers.
"Our OEM business is no less exciting in terms of the engagements already underway and the numerous new opportunities appearing regularly. Our OEM revenue in the second half of 2022 is expected to experience strong growth as we begin to leverage the investments that we have already made in our core technology and OEM platform. The significant improvements we have made in our waveguide performance and quality and our ability to manufacture in volume and at very competitive price points has opened and will continue to open new doors with consumer OEM customers. And on the defense side, the expiration of our non-compete and unique status as a US-based manufacturer and supplier of waveguides, ideally positions us to readily engage with any US or allied defense and homeland defense forces around the world," concluded Mr. Travers.
Conference Call Information
Date: Tuesday, August 9, 2022
Time: 4:30 p.m. Eastern Time (ET)
Dial-in Number for U.S. & Canadian Callers: 877-709-8150
Dial-in Number for International Callers (Outside of the U.S. & Canada): 201-689-8354
A live and archived webcast of the conference call will be available on the investor relations page of the Company's website at: https://ir.vuzix.com/ or directly at https://event.choruscall.com/mediaframe/webcast.html?webcastid=q6sCimQK
Participating on the call will be Vuzix' Chief Executive Officer and President Paul Travers and Chief Financial Officer Grant Russell, who together will discuss operational and financial highlights for the quarter ended June 30, 2022.
To join the live conference call, please dial into the above referenced telephone numbers five to ten minutes prior to the scheduled conference call time.
A telephonic replay will be available for 30 days, starting on August 9, 2022, at approximately 5:30 p.m. (ET). To access this replay, please dial 877-660-6853 within the U.S. or Canada, or 201-612-7415 for international callers. The conference replay ID# is 13731800.
About Vuzix Corporation
Vuzix is a leading supplier of Smart-Glasses and Augmented Reality (AR) technologies and products for the consumer and enterprise markets. The Company's products include personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality. Vuzix holds 247 patents and patents pending and numerous IP licenses in the Video Eyewear field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2022 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in Rochester, NY, Oxford, UK, and Tokyo, Japan. For more information, visit Vuzix website, Twitter and
Vuzix website, Twitter and Facebook pages.
Forward-Looking Statements Disclaimer
Certain statements contained in this news release are "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward-looking statements contained in this release relate to, among other things, the timing of new product releases, opportunities related to market disruptions, R&D project successes, smart glasses pilot to roll-out conversion rates, existing and new engineering services and conversion to volume production OEM programs, future operating results, and the Company's leadership in the Smart Glasses and AR display industry. They are generally identified by words such as "believes," "may," "expects," "anticipates," "should" and similar expressions. Readers should not place undue reliance on such forward-looking statements, which are based upon the Company's beliefs and assumptions as of the date of this release. The Company's actual results could differ materially due to risk factors and other items described in more detail in the Company's Annual Reports and other filings with the United States Securities and Exchange Commission and applicable Canadian securities regulators (copies of which may be obtained at www.sedar.com or www.sec.gov). Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law.
Investor Relations Contact
Ed McGregor, Director of Investor Relations
Vuzix Corporation
ed_mcgregor@vuzix.com
Tel: (585) 359-5985
Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 USA,
Investor Information – IR@vuzix.com www.vuzix.com
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Chey Dunkley scored a late winner as Shrewsbury came from behind to beat Carlisle 3-2 in the Carabao Cup first round.
It looked like the tie would be heading to penalties after Kristian Dennis scored another late equaliser for the spirited Sky Bet League Two side.
But the Shrews defender took full advantage of a Matthew Pennington free-kick to seal the home side’s place in the next round.
The visitors started well and hit the front when Ryan Edmondson slotted home from a Sonny Hilton pass on 13 minutes.
Luke Leahy, Rekeil Pyke and Pennington all had shots well saved as Shrewsbury stepped up the pressure.
Marko Marosi saved well from Omari Patrick, before getting down well at the feet of Dan Udoh.
Leahy levelled in stoppage time with a brilliant long-range free-kick.
Corey Whelan headed wide from a Carlisle corner on 49 minutes, before Pennington had a header saved.
Tom Bayliss blazed over from distance, before Whelan glanced a header wide for the visitors.
Udoh gave Shrewsbury the lead when he spun well and fired home with 15 minutes to go.
Dennis levelled after getting on the end of Owen Moxon’s cross but Dunkley won the game after Pennington’s free-kick found him in space.
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Keep up with the latest news from Donegal with our daily newsletter featuring the most important stories of the day delivered to your inbox every evening at 5pm. | https://www.ireland-live.ie/news/soccer/881660/chey-dunkleys-late-winner-sends-shrewsbury-through-after-thriller-with-carlisle.html | 2022-08-09T21:26:21Z | https://www.ireland-live.ie/news/soccer/881660/chey-dunkleys-late-winner-sends-shrewsbury-through-after-thriller-with-carlisle.html | true | 2 |
Meta Materials Inc. (NASDAQ:MMAT) has a beta value of 1.52 and has seen 1.16 million shares traded in the recent trading session. The company, currently valued at $345.18M, closed the recent trade at $0.90 per share which meant it lost -$0.05 on the day or -4.53% during that session. The MMAT stock price is -627.78% off its 52-week high price of $6.55 and 2.22% above the 52-week low of $0.88. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.91 million shares traded. The 3-month trading volume is 6.17 million shares.
Meta Materials Inc. (NASDAQ:MMAT) trade information
Sporting -4.53% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Monday, 08/08/22 when the MMAT stock price touched $0.90 or saw a rise of 6.13%. Year-to-date, Meta Materials Inc. shares have moved -61.54%, while the 5-day performance has seen it change 4.68%. Over the past 30 days, the shares of Meta Materials Inc. (NASDAQ:MMAT) have changed -10.75%. Short interest in the company has seen 30.48 million shares shorted with days to cover at 2.82.
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Meta Materials Inc. (MMAT) estimates and forecasts
Figures show that Meta Materials Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -44.02% over the past 6 months, with this year growth rate of 56.41%, compared to 6.30% for the industry. Revenue growth from the last financial year stood is estimated to be 225.00%.
3 analysts offering their estimates for the company have set an average revenue estimate of $3.08 million for the current quarter. 3 have an estimated revenue figure of $3.56 million for the next quarter concluding in Sep 2022. Year-ago sales stood $624k and $573k respectively for this quarter and the next, and analysts expect sales will grow by 393.60% for the current quarter and 521.30% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -1.90% over the past 5 years.
MMAT Dividends
Meta Materials Inc. is expected to release its next earnings report in September this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Meta Materials Inc. (NASDAQ:MMAT)’s Major holders
Insiders own 24.94% of the company shares, while shares held by institutions stand at 17.67% with a share float percentage of 23.55%. Investors are also buoyed by the number of investors in a company, with Meta Materials Inc. having a total of 145 institutions that hold shares in the company. The top two institutional holders are State Street Corporation with over 24.11 million shares worth more than $40.27 million. As of Mar 30, 2022, State Street Corporation held 6.68% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 14.03 million shares as of Mar 30, 2022. The firm’s total holdings are worth over $23.42 million and represent 3.89% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are SPDR (R) Ser Tr-SPDR (R) S&P (R) Semiconductor ETF and Vanguard Extended Market Index Fund. As of Jun 29, 2022, the former fund manager holds about 2.69% shares in the company for having 9.71 million shares of worth $10.01 million while later fund manager owns 3.12 million shares of worth $5.22 million as of Mar 30, 2022, which makes it owner of about 0.87% of company’s outstanding stock. | https://marketingsentinel.com/2022/08/09/an-analysis-of-meta-materials-inc-mmat-stock/ | 2022-08-09T21:28:10Z | https://marketingsentinel.com/2022/08/09/an-analysis-of-meta-materials-inc-mmat-stock/ | true | 1165 |
WYNYARD, UK, Aug. 9, 2022 /PRNewswire/ -- Venator Materials PLC (NYSE: VNTR) ("Venator") today announced the resignation of Kathy Patrick from its Board of Directors and the appointment of Miguel Kohlmann to its Board of Directors, both effective August 9, 2022.
Ms. Patrick has served as a director since the Company's IPO in 2017 and served on Venator's Audit Committee and Compensation Committee at the time of her resignation. She is resigning due to other professional commitments.
Mr. Kohlmann is based in Europe and has substantial industry experience as a former CEO and via service on a number of boards, including the listed Danish building materials group H+H. Mr. Kohlmann is an independent director and will serve as a member of Venator's Audit Committee and Compensation Committee.
Simon Turner, President and CEO of Venator, commented. "We would like to thank Kathy for her invaluable service to our Board and the Company and we are pleased to welcome Miguel to our Board of Directors. Miguel's breadth of experience will be a valuable addition to an already strong Board that is actively involved in strategy and value enhancement for our business."
About Venator
Venator is a global manufacturer and marketer of chemical products that comprise a broad range of pigments and additives that bring color and vibrancy to buildings, protect and extend product life, and reduce energy consumption. We market our products globally to a diversified group of industrial customers through two segments: Titanium Dioxide, which consists of our TiO2 business, and Performance Additives, which consists of our functional additives, color pigments and timber treatment businesses. Based in Wynyard, U.K., Venator employs approximately 3,500 associates and sells its products in more than 110 countries.
Social Media:
Twitter: www.twitter.com/VenatorCorp
Facebook: www.facebook.com/venatorcorp
LinkedIn: www.linkedin.com/company/venator-corp
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Gabriel Resources Ltd. 2022 Second Quarter Results
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- GBRRF
LONDON, UK / ACCESSWIRE / August 9, 2022 / Gabriel Resources Ltd. (TSXV:GBU - "Gabriel" or the "Company") announces the publication of its Second Quarter Financial statements and Management's Discussion and Analysis Report for the period ended June 30, 2022.
Summary
Gabriel and its wholly-owned indirect subsidiary, Gabriel Resources (Jersey) Ltd. (together "Claimants"), remain focused on concluding their arbitration case against the Romanian State ("Respondent") under the rules of the International Centre for Settlement of Investment Disputes ("ICSID"), part of the World Bank ("ICSID Arbitration"). The ICSID Arbitration case is well advanced.
In April 2022, the arbitral tribunal ("Tribunal") issued a limited list of further questions to the Claimants and Respondent (together "Parties"), with the purpose of having a complete record when it concludes its deliberations on the case as a whole and prepares the arbitral award ("Award"). The Claimants submission responding to the Tribunal's questions was filed on June 14 and the Respondent submission is due to be filed on September 19, 2022.
Notwithstanding the Tribunal's statement in December 2021 that it was deliberating and would render an Award in 2022, it has reserved the right to introduce further procedural steps and there is no specified timeframe in the ICSID Rules applicable to this case in which an Award is to be made by the Tribunal.
In November 2021, an agreement was concluded for the sale of the remaining mining equipment owned by the Gabriel group ("Group") for US$1.75 million (approx. $2.2 million) and instalments totaling US$1.375 million have been received to the end of the second quarter of 2022, with additional monthly instalments due until September 2022.
In February 2022, an agreement was concluded for the sale of certain land and buildings owned by the Group in Alba Iulia, Romania for EUR 1 million (approx. $1.45 million), and the final payment of EUR 250,000 was received on April 19, 2022.
The net loss for the second quarter of 2022 was $2.8 million (Q1 2022 $0.9 million).
On June 29, 2022, the Company announced that it had closed a non-brokered private placement (the "2022 Private Placement") of 33,105,117 common shares of the Company ("Common Shares") at a price of $0.215 each for gross proceeds of US$5.6 million (approximately $7.1 million).
As at June 30, 2022, the Company held $8.5 million of cash and cash equivalents (Q1 2022 $2.3 million). The Company believes that it has sufficient funding necessary to cover its planned activities through to April 2023 and will need to raise additional financing thereafter to fund ICSID Arbitration costs and working capital requirements.
Dragos Tanase, Gabriel's President and Chief Executive Officer, stated:
"We have filed what we hope will be our last substantive written submission to be made in the ICSID Arbitration and our goal is to continue to assist the Tribunal where we can to meet its previous indication of the issue of its Award within 2022. We remain extremely thankful for the continued support and funding provided by our shareholders as the ICSID Arbitration process continues."
Further information and commentary on the results in the second quarter of 2022 is given below. The Company has filed its Unaudited Condensed Interim Consolidated Financial Statements for Q2 2022 and related Management's Discussion & Analysis on SEDAR at www.sedar.com and each is available for review on the Company's website at www.gabrielresources.com.
For information on this press release, please contact:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Further Information
Status of the ICSID Arbitration
The ICSID Arbitration seeks compensation for all of the loss and damage suffered by the Claimants resulting from the Respondent's wrongful conduct and its breaches of the protections afforded by certain treaties for the promotion and protection of foreign investment to which Romania is a party, including against expropriation, unfair and inequitable treatment, discrimination and other unlawful treatment in respect of the Roșia Montană gold and silver project, together with the gold, silver and porphyry copper deposits defined in the Bucium concession area ("Projects") and related licenses.
In late December 2021, the President of the Tribunal stated that the Tribunal was currently deliberating and would render an Award in 2022.
In January 2022, the Tribunal further confirmed to the Parties that the Tribunal had been thoroughly reviewing the case file and deliberating over the past months and would continue to do so.
In April 2022, the Tribunal informed the Parties that it had held numerous deliberations in order to reach a decision on the claims and defenses in the matter and had concluded that there were certain aspects of the case for which it required further information. Therefore, the Tribunal issued a limited list of further questions to the Parties, with the purpose of having a complete record when it concludes its deliberations on the case as a whole and prepares the Award. The Claimants filed a submission responding to the questions on June 14, 2022 with a submission required to be filed by September 19, 2022 for the Respondent. The Tribunal also reserved the possibility of an additional round of submissions by the Parties on the questions if it considered the same to be necessary following its review of the first round of pleadings.
Notwithstanding the Tribunal's statement that it would render an Award in 2022, there is no specified timeframe in the ICSID Rules applicable to this case in which an Award is to be made by the Tribunal. Furthermore, an additional procedural step may be required by the Tribunal prior to the issuance of an Award. Any Award may be subject to a request for annulment (albeit such annulment application can only be made on very limited grounds under the ICSID Rules).
UNESCO World Heritage
On July 27, 2021, the Roşia Montană mining landscape was inscribed on the UNESCO World Heritage List and List of World Heritage in Danger ("Inscription"). The Inscription is fundamentally incompatible with the rights the Group acquired to develop the Project and the continued existence of an exploitation mining license for the Project area and materially undermines the possibility of an amicable resolution of the dispute with Romania that would allow for the development of the Project.
Romania's application to UNESCO and the subsequent Inscription are fundamentally at odds with Romania's obligations under its investment treaties in relation to Gabriel's investments and these acts, together with other measures taken by Romania, further evidence Romania's political repudiation of the Project and its joint venture with Gabriel.
Liquidity
Cash and cash equivalents at June 30, 2022 were $8.5 million.
The Company's average monthly cash usage during Q2 2022 was $0.3 million (Q1 2022: $0.3 million), primarily reflecting the consistent level of ongoing operational cost and limited ICSID Arbitration activity quarter on quarter, offset by cash receipts from the sale of land at Recea and long lead-time equipment noted below.
At June 30, 2022, accruals for costs in respect of the ICSID Arbitration amounted to $4.4 million (Q1 2022: $3.7 million), reflecting the continuation of a fee agreement in respect of the deferred payment of certain ICSID Arbitration costs until an Award is issued and the costs of the submission filed in the quarter.
Sale of Long Lead Time Equipment ("LLTE")
As previously announced, on November 1, 2021 Roșia Montană Gold Corporation S.A. ("RMGC"), Gabriel's 80.69%-owned Romanian subsidiary, concluded an agreement with a buyer for an instalment-based purchase of the remaining LLTE for aggregate gross proceeds of US$1.75 million (approx. $2.2 million). Aggregate payments of US$1.375 million (approx.$1.75 million) were received prior to June 30, 2022 together with an aggregate contribution to storage costs of US$90,000 (approx. $115,000) payable monthly from April 2022 in accordance with the sale and purchase agreement. Further instalments and storage cost contributions remain due in the period to September 2022 and the LLTE will remain on the balance sheet of the Company until the final payment is made, when ownership and title to the assets will pass to the purchaser.
Sale of Land at Recea
On February 25, 2022, RMGC concluded a definitive sale and purchase agreement for the sale of 93 plots of land covering a total area of 68,229 sqm and a small number of buildings owned by RMGC as part of the housing construction undertaken in the Recea resettlement neighborhood of Alba Iulia ("Recea Land"). The agreed sale price was EUR 1,000,000 (approx. $1.45 million) and the final instalment of EUR 250,000 was received on April 19, 2022.
Capital Resources
Private Placement
On June 29, 2022, the Company announced it had closed the 2022 Private Placement of 33,105,117 Common Shares at a price of $0.215 each for gross proceeds of US$ 5.6 million (approximately $ 7.1 million). The Company will use the proceeds from the 2022 Private Placement to finance the ongoing costs of the ICSID Arbitration and for general working capital requirements.
Future Financing Requirements
The Company believes that, taking into account the fee agreement in respect of the deferral of payment of certain ICSID Arbitration costs and the proceeds receivable from the sale of the LLTE, it has sufficient cash to enable the Group to fund general working capital requirements together with the material estimated costs associated with the Company advancing the ICSID Arbitration through to April 2023.
At that time Gabriel may still await an Award from the Tribunal, as there can be no assurances that the ICSID Arbitration will advance in a customary or predictable manner or be completed or settled within any specific or reasonable period of time and further procedural steps may be required to be completed prior to the issuance of an Award.
Accordingly, post April 2023 the Group will require further funding in order to pursue the long-term activities required to see the ICSID Arbitration through to its conclusion (which may include, as appropriate, costs of any potential annulment proceedings and/or costs of enforcement of any Award) and for general working capital purposes, including to preserve its remaining assets, including the exploitation license for the Roşia Montană Project ("License") and associated rights and permits.
Notwithstanding the Company's recent and historic funding, there is a risk that sufficient additional financing may not be available to the Company on acceptable terms, or at all. The market and timing of such additional financing could also be adversely affected by the effects of COVID-19 and the Russia-Ukraine conflict, discussed below.
Financial Performance
Operating loss for the second quarter of 2022 was $2.8 million, some $0.5 million lower than the corresponding period in 2021 primarily arising from (i) $0.2 million lower costs related to the ongoing ICSID Arbitration, reflecting the more limited activities in the Q2 2022, whereas comparable costs in 2021 reflect certain costs related to the preparation of Post-Hearing Briefs; (ii) $0.1m lower LLTE storage costs; and (iii) $0.3 million lower costs related to corporate, general and administration; offset by a $0.1m increase in share-based compensation.
The net loss for the second quarter of 2022 was also $2.8 million, a decrease of $3.3 million from a loss of $6.1 million in the corresponding period in 2021, primarily reflecting the $0.5 million lower operating loss together with $2.7 million finance costs incurred in respect of convertible notes in 2021 not repeated following their repayment in June 2021.
Impact of Coronavirus
With respect to the ongoing coronavirus (COVID-19) pandemic, Gabriel continues to consider carefully its impact, noting the continuing disruption to normal activities and the uncertainty over the duration of this disruption. The highest priority of the Board of Directors and Management is the health, safety and welfare of the Group's employees and contractors.
Gabriel recognizes that the situation is extremely fluid and is monitoring the relevant recommendations and restrictions on work practices and travel. At this time, these recommendations and restrictions do not significantly impact Gabriel's ability to continue the ICSID Arbitration process or conduct the limited operations in Romania, nor has there been a significant impact on the Group's results or operations through 2022 to date.
Gabriel will react to circumstances as they arise and will make the necessary adjustments to the work processes required. Should any material disruption from COVID-19 affect the Group for an extended duration, Gabriel will review certain planned activities in Romania and take remedial actions if it is determined to be necessary or prudent to do so.
Russia-Ukraine Conflict
Given, amongst other things, the geographical proximity of Romania to Ukraine, Gabriel is closely monitoring the situation in Ukraine with concern for all those who are impacted by the unfolding conflict and humanitarian crisis.
At this time, Gabriel has not experienced any material disruption to its operations, including its limited activities in Romania, as a consequence of the Russia-Ukraine conflict and the Group will continue to operate its business in accordance with the circumstances that arise, which currently remain highly uncertain.
About Gabriel
Gabriel is a Canadian resource company listed on the TSX Venture Exchange. The Company's principal business had been the exploration and development of the Roșia Montană gold and silver project in Romania. The Roşia Montană Project, one of the largest undeveloped gold deposits in Europe, is situated in the South Apuseni Mountains of Transylvania, Romania, an historic and prolific mining district that since pre-Roman times has been mined intermittently for over 2,000 years. The exploitation license for the Roşia Montană Project is held by Roșia Montană Gold Corporation S.A., a Romanian company in which Gabriel owns an 80.69% equity interest, with the 19.31% balance held by Minvest Roșia Montană S.A., a Romanian state-owned mining company.
Upon obtaining the License in June 1999, the Group focused substantially all of their management and financial resources on the exploration, feasibility and subsequent development of the Roşia Montană Project. Despite the Company's fulfilment of its legal obligations and its development of the Roşia Montană Project as a high-quality, sustainable and environmentally-responsible mining project, using best available techniques, Romania has unlawfully blocked and prevented implementation of the Roşia Montană Project without due process and without compensation. Accordingly, the Company's current core focus is the ICSID Arbitration. For more information please visit the Company's website at www.gabrielresources.com.
Forward-looking Statements
This press release contains "forward-looking information" (also referred to as "forward-looking statements") within the meaning of applicable Canadian securities legislation. Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of the Company's operating environment. All statements, other than statements of historical fact, are forward-looking statements.
In this press release, forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies that may cause the Company's actual financial results, performance, or achievements to be materially different from those expressed or implied herein.
Some of the material factors or assumptions used to develop forward-looking statements include, without limitation, the uncertainties associated with: the ICSID Arbitration, actions by the Romanian Government, conditions or events impacting the Company's ability to fund its operations (including but not limited to the completion of further funding noted above) or service its debt, exploration, development and operation of mining properties and the overall impact of misjudgments made in good faith in the course of preparing forward-looking information.
Forward-looking statements involve risks, uncertainties, assumptions, and other factors including those set out below, that may never materialize, prove incorrect or materialize other than as currently contemplated which could cause the Company's results to differ materially from those expressed or implied by such forward-looking statements.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "expects", "is expected", "is of the view", "anticipates", "believes", "plans", "projects", "estimates", "assumes", "intends", "strategy", "goals", "objectives", "potential", "possible" or variations thereof or stating that certain actions, events, conditions or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of fact and may be forward-looking statements.
Numerous factors could cause actual results to differ materially from those in the forward-looking statements, including without limitation:
the outbreak of the coronavirus (COVID‐19) may affect the Company's operations and/or the anticipated timeline for the ICSID Arbitration;
the geo-political situation and the resulting economic developments arising from the unfolding conflict and humanitarian crisis as a consequence of the Russia-Ukraine conflict;
the duration, costs, process and outcome of the ICSID Arbitration;
Romania's actions following the inscription of the "Roşia Montană Mining Landscape" as a UNESCO World Heritage site;
changes in the liquidity and capital resources of Gabriel, and/or the group of companies of which it is directly or indirectly parent;
access to funding to support the Group's continued ICSID Arbitration and/or operating activities in the future;
equity dilution resulting from the conversion or exercise of new or existing securities in part or in whole to Common Shares;
the ability of the Company to maintain a continued listing on the TSX Venture Exchange or any regulated public market for trading securities;
the impact on business strategy and its implementation in Romania of: any allegations of historic acts of corruption, uncertain fiscal investigations; uncertain legal enforcement both for and against the Group and political and social instability;
regulatory, political and economic risks associated with operating in a foreign jurisdiction including changes in laws, governments and legal regimes and interpretation of existing and future fiscal and other legislation;
global economic and financial market conditions;
volatility of currency exchange rates; and
the availability and continued participation in operational or other matters pertaining to the Group of certain key employees and consultants.
This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements.
Investors are cautioned not to put undue reliance on forward-looking statements, and investors should not infer that there has been no change in the Company's affairs since the date of this press release that would warrant any modification of any forward-looking statement made in this document, other documents periodically filed with or furnished to the relevant securities regulators or documents presented on the Company's website. All subsequent written and oral forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this notice. The Company disclaims any intent or obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new information, future events or otherwise, subject to the Company's disclosure obligations under applicable Canadian securities regulations. Investors are urged to read the Company's filings with Canadian securities regulatory agencies which can be viewed online at www.sedar.com.
SOURCE: Gabriel Resources Ltd.
View source version on accesswire.com:
https://www.accesswire.com/711486/Gabriel-Resources-Ltd-2022-Second-Quarter-Results | https://finance.yahoo.com/news/gabriel-resources-ltd-2022-second-210000522.html | 2022-08-09T21:33:41Z | https://finance.yahoo.com/news/gabriel-resources-ltd-2022-second-210000522.html | true | 5 |
Suki (Balvinder Sopal) struggles to continue like normal in EastEnders following her traumatic confrontation with Ranveer (Anil Goutam).
However, things are set to get even more complicated as Suki drops a bombshell on her children. But what could it be?
Are the Panesar family set to be rocked by the revelation that Suki is a killer?
Suki and her children already have a difficult relationship, due to her deceitful past. She shocked viewers by lying about being terminally ill in order to reconnect with daughter Ash (Gurlaine Kaur Garcha).
Ash and Suki had previously fallen out over Suki’s disapproval of her daughter’s sexuality. It was later revealed that this was due to Suki’s own internalised homophobia, which was addressed when she kissed Honey Mitchell (Emma Barton)
Her lies backfired when her children discovered that she was faking her illness. While she managed to win round her boys, Ash refused to talk to her.
Could this new bombshell be set to tear the family apart once more? Or will they be forced to bond together in the wake of tragedy?
MORE : Dr Karl legend Alan Fletcher arrives in EastEnders after Neighbours final episode
MORE : EastEnders star Heather Peace shares loving pictures with wife on their anniversary
The Soaps Newsletter
Includes exclusive content, spoilers and interviews before they're seen on the site. Find out more » | https://metro.co.uk/2022/08/09/eastenders-spoilers-suki-drops-a-bombshell-on-her-shocked-children-17092842/ | 2022-08-09T21:36:26Z | https://metro.co.uk/2022/08/09/eastenders-spoilers-suki-drops-a-bombshell-on-her-shocked-children-17092842/ | false | 1 |
TORONTO - When Ellen Dubin is asked to describe her profession, it sounds like an anything-goes performance of the lungs — guttural, deeper-than-the-ocean grunts, cackling shrieking squeals, and blood-curdling screams.
“I actually pulled my groin during a voice job,” says the veteran multi-award nominated voice actress, referring to her video game gigs. “Voice work is physical work – If I’m not doing the action, it’s just not going to work.”
With recent credits that extend from films like “Dune” to massively popular game titles such as “Skyrim - The Elder Scrolls” and “Fallout 4,” Dubin says video games have a unique measure of difficulty for performers. It’s the only place where on a given day, she’ll be chasing a zombie or acting out an injury in a single session.
“These worlds can take you to some crazy places,” says Dubin who sips on some throat-soothing lavender tea in Toronto just days after straining her voice in a demon role. “Aside from one, I’d say that every single game I’ve worked on has had some kind of vocal strain.”
In a recently published survey conducted by the Toronto chapter of the Alliance of Canadian Cinema, Television and Radio Artists (ACTRA) in June 2021, video games were quoted as being the most vocally difficult and potentially hazardous area of work a voice performer can take on. Of the 264 respondents who have done voice work, 73 per cent felt video game sessions involved extreme vocal work, with 38 per cent experiencing fatigue. Nearly 20 per cent reported finding it hard to recover normal vocal quality after a video game job.
Voice acting is considered an essential human component of an industry that’s projected to earn $204 billion by 2025 according to a market report by Lucintel. As advances in photo realism continue to turn non-human characters into a growing phenomenon, Canadian performers say they are being asked to adapt, often juggling multiple personalities that cover both humans and creatures alike.
“Watch us in a booth, and you’ll catch us moving like idiots,” adds Dubin. “If I’m a lizard or queen, I become them physically and later, I’m usually exiting these booths sweating.”
D’Arcy Smith, a former actor, and current dialect, voice, and communication coach for active performers likens it to exercise.
“Singing requires things like agility and control while video games require bursts of aggressive activity,” says Smith. “It’s the difference between a marathon runner and a weightlifter.”
Vocal experts such as Smith make sure performers are in the position to do what they do well on set. This includes pre-emptive coaching about the demands of vocal extremes, the nuances of how a particular action should sound from a performer’s diaphragm, and the best methods for recovery, whether it be rest or bodily exercises.
Ivan Sherry, a voice actor who has worked closely with both Smith and Ubisoft Montreal, says he might be expected to perform between 60 to 100 lines per hour depending on the job — often cold reads, which doesn’t allow for much preparation.
“A voice director once told me that 50 per cent was a rough estimate of actors who can’t get through a session,” says Sherry. “It’s either the challenge or their voice that can’t make it through.”
Dubin adds that the idea that performers can work on lines in advance is often a misconception. Game developers, concerned with protecting their intellectual property, will often ask performers to sign non-disclosure agreements, which puts voice performers in the precarious situation of taking on scripts that are given to them at the very time of the job. While this is frequently common with various other forms of entertainment, it presents specific challenges when the extreme vocal demands of video games are taken into consideration.
“You have to do a full-fledged emotional performance in one or two takes,” says Dubin. “There are sometimes hundreds of lines, and they don’t have time to wait for you to learn how to act.”
In the case of younger performers without as much brand recognition to their names, this pace puts an added amount of pressure to keep on working even when their vocal health may be put at risk. Still, according to the survey, nearly 28 per cent of respondents considered turning down a session over the impacts on their voice.
“A lot of us have just wanted to please,” says Sherry, who like every voice performer interviewed, loves the work in a way that far outweighs the shortcomings. “Young actors want to keep their jobs, so there’s always a danger in believing that they can keep going without issue.”
Industry group Entertainment Software Association of Canada is aware of ACTRA’s survey and its findings, said Paul Fogolin, vice president, policy & government affairs, in an email. While unable to provide an official statement, he said “the health and wellness of their employees and contractors” is always top of mind for gaming companies the group represents.
ACTRA says working with the industry and the employers is key to moving forward.
“Ultimately, ACTRA Toronto is eager to create an industry consensus around these best practices to protect performers from injury, extend their careers and reduce workforce attrition,” said Karl Pruner, director of communications at ACTRA Toronto in an email. “We want to encourage the industry to see video game performers as a valuable resource that should be managed sustainably through best practices.”
Some of those best practices include providing at least a 10-minute break for each hour of vocal stunt work; engaging a voice coach for actors new to this type of work; and for an actor, not booking sessions within 48 hours of each other.
“I just think everyone needs to educate themselves about what this job actually is and we need to advocate for ourselves,” says Sherry. “You run for four hours, your legs are going to tire just like your lungs. These are our muscles, and we need to respect them and treat them just as well."
Noel Ransome is a Toronto-based freelance pop-culture and entertainment journalist.
This report by The Canadian Press was first published Aug. 9, 2022. | https://www.kelownadailycourier.ca/entertainment/national_entertainment/article_1a8d2739-5dfa-59d0-bd72-f6e0ed644cdc.html | 2022-08-09T21:37:16Z | https://www.kelownadailycourier.ca/entertainment/national_entertainment/article_1a8d2739-5dfa-59d0-bd72-f6e0ed644cdc.html | false | 18 |
In 2001, author and journalist Ahmed Rashid wrote the definitive account of the Taliban and its origins. NPR's Mary Louise Kelly now speaks with Rashid, a year after the Taliban re-took Afghanistan.
Copyright 2022 NPR
In 2001, author and journalist Ahmed Rashid wrote the definitive account of the Taliban and its origins. NPR's Mary Louise Kelly now speaks with Rashid, a year after the Taliban re-took Afghanistan.
Copyright 2022 NPR | https://www.wvtf.org/2022-08-09/author-of-taliban-reflects-on-how-the-group-has-changed-since-it-was-last-in-power | 2022-08-09T21:39:26Z | https://www.wvtf.org/2022-08-09/author-of-taliban-reflects-on-how-the-group-has-changed-since-it-was-last-in-power | true | null |
Azenta Life Sciences Reports Results of Third Quarter of Fiscal 2022, Ended June 30, 2022
Published: Aug. 9, 2022 at 3:20 PM CDT|Updated: 1 hour ago
CHELMSFORD, Mass., Aug. 9, 2022/PRNewswire/ -- Azenta, Inc. (Nasdaq: AZTA) today reported financial results for the third quarter ended June 30, 2022.
Management Comments "We delivered 6% organic growth year-over-year driven by continued momentum in our storage services and automated ultra-cold storage systems. Despite this, our overall results came in below expectations reflecting lower revenue from consumables and genomics," stated Steve Schwartz, President and CEO. "While these challenges exist over the near-term, we remain confident in the long-term growth and profitability of the business and are focused on delivering the value of Azenta to our customers."
Summary of Q3 GAAP Results
Revenue from continuing operations was $133 million, up 3% year over year and down 9% sequentially. Year-over-year organic growth was 6%, which excludes a 3 percentage point headwind from foreign exchange.
Revenue from Life Sciences Products declined 3% year over year driven by lower consumables and instruments revenue partially offset by double-digit growth across large automated stores, cryogenic systems and infrastructure services. Excluding the impact of foreign exchange, the Products segment provided 2% organic growth year over year. On a sequential basis, revenue was down 12%.
Life Sciences Services revenue was up 6% year over year, with 19% growth in Sample Repository Solutions driven by growth in storage. Genomics services revenue, which was up 1%, was the result of lower synthesis and Sanger sequencing revenue, partially offset by an increase in next generation sequencing and preclinical & clinical services. Excluding the impact of foreign exchange, the Services segment provided 8% organic growth year over year. On a sequential basis, Services revenue was down 7%.
Operating loss was $5.1 million, compared to an operating loss of $4.7 million in the prior quarter. Gross margin was 44.9%, down 380 basis points sequentially while operating expensewas $65 million, down from $76 million in the second quarter.
Other income included approximately $5 million of net interest income, up $3 million sequentially.
Tax expense for the quarter was $7 million.
Diluted EPS from continuing operations was ($0.09) per share. Total diluted EPS of ($0.13) includes ($0.03) of diluted EPS from discontinued operations.Discontinued operations include legal expenses and a true-up on the gain on the sale of the Semiconductor Automation business.
Summary of Q3 Non-GAAP Earnings for Continuing Operations The Continuing Operations view shown on a non-GAAP basis provides additional performance information by excluding the impact of M&A costs, amortization, restructuring, purchase price accounting, certain tax impacts, and special charges or gains, such as impairment losses.
As referenced above, revenue in the third quarter was $133 million, up 3% year over year.
Operating income was $4 million and operating margin was 3.4%, down 530 basis points year over year and down 330 basis points sequentially. Gross margin of 46.3% was lower by 370 basis points year over year and down 330 basis points sequentially. Operating expense in the quarter was $57 million, down $6 million compared to Q2 2022 and up $4 million year over year.
Adjusted EBITDA, which excludes stock-based compensation, was $14 million and Adjusted EBITDA margin was 10.4%, down 290 basis points from the previous quarter and down 410 basis points year over year.
Diluted EPS for the third quarter was $0.12, flat sequentially and up $0.01 versus one year ago.
Cash and Liquidity
The Company ended the third fiscal quarter of 2022 with a total balance of cash, cash equivalents, restricted cash and marketable securities of $2.5 billion. In the quarter, the company paid taxes of approximately $424 million related to the gain on the sale of the Semiconductor Automation business which was sold on February 1, 2022.
Subsequent Events
On July 1st, the Company completed the acquisition of Barkey Holding GmbH and its subsidiaries, a leading provider of controlled rate thawing devices for customers in the medical, biotech, and pharmaceutical industries for approximately €80 million in cash.
On August 8th, the Company announced it entered into a definitive agreement to acquire B Medical Systems S.a.r.l ("B Medical"), a global leader in temperature-controlled storage and transportation solutions. The total cash due at closing will be approximately €410 million. The transaction is expected to close in October 2022.
Guidance for Continuing Operations for Fourth Quarter Fiscal 2022 The Company announced revenue and earnings guidance for continuing operations for the fourth quarter of fiscal 2022. Revenue is expected to be in the range of $131 million to $141 million and non-GAAP diluted earnings per share is expected to be in the range of $0.04 to $0.12. GAAP diluted earnings per share from continuing operations is expected to be in the range of ($0.11) to ($0.03).
Conference Call and Webcast Azenta management will webcast its third quarter earnings conference call today at 4:30 p.m. Eastern Time. During the call, Company management will respond to questions concerning, but not limited to, the Company's financial performance, business conditions and industry outlook. The conference call will be extended to accommodate time for a review of third quarter results, highlights of the acquisition of B Medical Systems, and a Q&A session. Management's responses could contain information that has not been previously disclosed.
The call will be broadcast live over the Internet and, together with presentation materials referenced on the call, will be hosted at the Investor Relations section of Azenta's website at https://investors.azenta.com/events, and will be archived online on this website for convenient on-demand replay. In addition, you may call 800-954-0586 (US & Canada only) or +1-212-231-2901 for international callers to listen to the live webcast.
Regulation G – Use of Non-GAAP financial Measures The Company supplements its GAAP financial measures with certain non-GAAP financial measures to provide investors a better perspective on the results of business operations, which the Company believes is more comparable to the similar analyses provided by its peers. These measures are not presented in accordance with, nor are they a substitute for, U.S. generally accepted accounting principles, or GAAP. These measures should always be considered in conjunction with appropriate GAAP measures. A reconciliation of non-GAAP measures to the most nearly comparable GAAP measures is included at the end of this release following the consolidated balance sheets, statements of operations and statements of cash flows.
"Safe Harbor Statement" under Section 21E of the Securities Exchange Act of 1934 Some statements in this release are forward-looking statements made under Section 21E of the Securities Exchange Act of 1934. These statements are neither promises nor guarantees but involve risks and uncertainties, both known and unknown, that could cause Azenta's financial and business results to differ materially from our expectations. They are based on the facts known to management at the time they are made. Other forward-looking statements include but are not limited to statements about our revenue and earnings expectations, our ability to increase our profitability, our ability to improve or retain our market position, our ability to deliver financial success in the future, the expected timing of the completion of our acquisition of B Medical, and our ability to invest the cash proceeds from the sale of our semiconductor automation business. Factors that could cause results to differ from our expectations include the following: the impact of the COVID-19 global pandemic on the markets we serve, including our supply chain, and on the global economy generally, the volatility of the life sciences industries the Company serves; our possible inability to meet demand for our products due to difficulties in obtaining components and materials from our suppliers in required quantities and of required quality; the inability of customers to make payments to us when due; the timing and effectiveness of cost reduction and cost control measures; price competition; disputes concerning intellectual property; uncertainties in global political and economic conditions, and other factors and other risks, including those that we have described in our filings with the Securities and Exchange Commission, including but not limited to our Annual Report on Form 10-K, current reports on Form 8-K and our quarterly reports on Form 10-Q. As a result, we can provide no assurance that our future results will not be materially different from those projected. Azenta expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statement to reflect any change in our expectations or any change in events, conditions, or circumstances on which any such statement is based. Azenta undertakes no obligation to update the information contained in this press release.
About Azenta Life Sciences Azenta, Inc. (Nasdaq: AZTA) is a leading provider of life sciences solutions worldwide, enabling impactful breakthroughs and therapies to market faster. Azenta provides a full suite of reliable cold-chain sample management solutions and genomic services across areas such as drug development, clinical research and advanced cell therapies for the industry's top pharmaceutical, biotech, academic and healthcare institutions globally. As of December 1st, the company changed its name and ticker to Azenta, Inc. (Nasdaq: AZTA) from Brooks Automation, Inc, (Nasdaq: BRKS).
Azenta is headquartered in Chelmsford, MA, with operations in North America, Europe and Asia. For more information, please visit www.azenta.com.
AZENTA INVESTOR CONTACTS: Sara Silverman Head of Investor Relations 978.262.2635 ir@azenta.com
Notes on Non-GAAP Financial Measures Non-GAAP financial measures are used in addition to and in conjunction with results presented in accordance with GAAP and should not be relied upon to the exclusion of GAAP financial measures. Management adjusts the GAAP results for the impact of amortization of intangible assets, restructuring charges, purchase price accounting adjustments and charges related to M&A to provide investors better perspective on the results of operations which the Company believes is more comparable to the similar analysis provided by its peers. Management also excludes special charges and gains, such as impairment losses, gains and losses from the sale of assets, certain tax benefits and charges, as well as other gains and charges that are not representative of the normal operations of the business. Management strongly encourages investors to review our financial statements and publicly filed reports in their entirety and not rely on any single measure.
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.waff.com/prnewswire/2022/08/09/azenta-life-sciences-reports-results-third-quarter-fiscal-2022-ended-june-30-2022/ | 2022-08-09T21:40:03Z | https://www.waff.com/prnewswire/2022/08/09/azenta-life-sciences-reports-results-third-quarter-fiscal-2022-ended-june-30-2022/ | false | 15 |
Published: Aug. 9, 2022 at 12:05 PM AKDT|Updated: 2 hours ago
Twitter Spaces Conference Call at 4:30 PM ET Today; Meet Management at 7 PM ET Tonight
HOUSTON, Aug. 9, 2022 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today reported results and filed its Form 10-Q for the fiscal 2022 third quarter and nine months ended June 30, 2022.
Eric Langan, President and CEO of RCI Hospitality Holdings, Inc., said: "RCI's third quarter benefited from higher sales, a continued rebound in Nightclubs service revenues, and a sequential improvement in Bombshells. This resulted in particularly strong free cash flow and adjusted EBITDA. Net cash from operating activities and FCF were further enhanced by receipt of a $2.2 million previously discussed tax refund. We ended 3Q22 with $37.5 million in cash after utilizing more than $12 million for share buybacks for the nine months, the cash portion of the Playmates Club acquisition, and the down payment for the 13th company-owned Bombshells location. To date in 4Q22, we've continued our expansion by acquiring clubs in Odessa, TX and South Florida, and buying back more shares."
Conference Call at 4:30 PM ET Today Participants need to use Twitter Spaces on their mobile phones to ask questions during the Q&A
Meet Management at 7:00 PM ET Tonight
Investors are invited to Meet Management at one of RCI's top revenue generating clubs
Rick's Cabaret New York, 50 W 33rd St, New York, NY 10001
Nightclubs generated revenues of $54.7 million at an operating margin of 41.1% (42.7% non-GAAP), resulting in segment operating income of $22.5 million ($23.3 million non-GAAP).
Revenues increased 33.3% compared to 3Q21. Acquisitions contributed $11.8 million of 3Q22 sales. Same-store sales grew 4.8%. High-margin service revenues expanded 50.8% year-over-year. The third quarter was the first period since 1Q20 not affected by COVID.
Compared to 2Q22, revenues increased 13.5%, non-GAAP operating margin improved 321 basis points, and non-GAAP segment income increased 22.7%, reflecting the continued rebound in Northern clubs and service revenues, and higher margins from acquisitions.
3Q22 Bombshells Segment
Bombshells generated revenues of $15.8 million at an operating margin of 19.4% (23.6% non-GAAP), resulting in segment operating income of $3.1 million ($3.7 million non-GAAP).
Revenues declined 1.8% compared to an unusually strong 3Q21, when Bombshells was one of the few bar and restaurant chains open in Texas due to the state of COVID at that time. Otherwise, Bombshells saw typical seasonal trends.
Compared to 2Q22, revenues increased 3.0%, non-GAAP operating margin improved 94 bps, and non-GAAP segment income increased 7.2%.
3Q22 Consolidated (Comparisons are to 3Q21 and % are of total revenues unless indicated otherwise)
Cost of goods sold (13.0% vs. 15.3%) reflected the increased sales mix of higher-margin service revenues (36.0% vs. 29.2%).
Salaries and wages (24.6% vs. 24.0%) and SG&A (27.7% vs. 25.4%) reflected new employees and increased expenses related to new and acquired locations.
Operating margin was 29.0% vs. 32.0% (31.2% vs. 31.8% non-GAAP).
Interest expense (4.3% vs. 3.9%) primarily reflected higher debt from FY22 acquisitions.
Income tax expense was $3.8 million compared to $4.0 million. The effective tax rate was 21.3% vs. 24.4%.
Weighted average shares outstanding increased 4.3% due to shares issued for clubs acquired in October 2021, partially offset by later share repurchases.
Debt was $188.0 million at 6/30/22 compared to $178.1 million at 3/31/22. The increase primarily reflected seller financing used in the May 2022 Playmates acquisition.
Note
As of the release of this report, we do not know the future extent and duration of the impact of COVID-19 on our businesses. We will continually monitor and evaluate our cash flow situation to decide whether any measures need to be instituted. All references to the "company," "we," "our," and similar terms include RCI Hospitality Holdings, Inc., and its subsidiaries, unless the context indicates otherwise.
Non-GAAP Financial Measures
In addition to our financial information presented in accordance with GAAP, management uses certain non-GAAP financial measures, within the meaning of the SEC Regulation G, to clarify and enhance understanding of past performance and prospects for the future. Generally, a non-GAAP financial measure is a numerical measure of a company's operating performance, financial position or cash flows that excludes or includes amounts that are included in or excluded from the most directly comparable measure calculated and presented in accordance with GAAP. We monitor non-GAAP financial measures because it describes the operating performance of the Company and helps management and investors gauge our ability to generate cash flow, excluding (or including) some items that management believes are not representative of the ongoing business operations of the Company, but are included in (or excluded from) the most directly comparable measures calculated and presented in accordance with GAAP. Relative to each of the non-GAAP financial measures, we further set forth our rationale as follows:
Non-GAAP Operating Income and Non-GAAP Operating Margin. We calculate non-GAAP operating income and non-GAAP operating margin by excluding the following items from income from operations and operating margin: (a) amortization of intangibles, (b) gains or losses on sale of businesses and assets, (c) gains or losses on insurance, (d) settlement of lawsuits, and (e) impairment of assets. We believe that excluding these items assists investors in evaluating period-over-period changes in our operating income and operating margin without the impact of items that are not a result of our day-to-day business and operations.
Non-GAAP Net Income and Non-GAAP Net Income per Diluted Share. We calculate non-GAAP net income and non-GAAP net income per diluted share by excluding or including certain items to net income attributable to RCIHH common stockholders and diluted earnings per share. Adjustment items are: (a) amortization of intangibles, (b) impairment of assets, (c) gains or losses on sale of businesses and assets, (d) gains or losses on insurance, (e) unrealized gains or losses on equity securities, (f) settlement of lawsuits, (g) gain on debt extinguishment, and (h) the income tax effect of the above-described adjustments. Included in the income tax effect of the above adjustments is the net effect of the non-GAAP provision for income taxes, calculated at 21.6% and 24.3% effective tax rate of the pre-tax non-GAAP income before taxes for the nine months ended June 30, 2022 and 2021, respectively, and the GAAP income tax expense (benefit). We believe that excluding and including such items help management and investors better understand our operating activities.
Adjusted EBITDA. We calculate adjusted EBITDA by excluding the following items from net income attributable to RCIHH common stockholders: (a) depreciation and amortization, (b) income tax expense (benefit), (c) net interest expense, (d) gains or losses on sale of businesses and assets, (e) gains or losses on insurance, (f) unrealized gains or losses on equity securities, (g) impairment of assets, (h) settlement of lawsuits, and (i) gain on debt extinguishment. We believe that adjusting for such items helps management and investors better understand our operating activities. Adjusted EBITDA provides a core operational performance measurement that compares results without the need to adjust for federal, state and local taxes which have considerable variation between domestic jurisdictions. The results are, therefore, without consideration of financing alternatives of capital employed. We use adjusted EBITDA as one guideline to assess our unleveraged performance return on our investments. Adjusted EBITDA is also the target benchmark for our acquisitions of nightclubs.
Management also uses non-GAAP cash flow measures such as free cash flow. Free cash flow is derived from net cash provided by operating activities less maintenance capital expenditures. We use free cash flow as the baseline for the implementation of our capital allocation strategy.
With more than 60 units, RCI Hospitality Holdings, Inc., through its subsidiaries, is the country's leading company in adult nightclubs and sports bars/restaurants. Clubs in New York City, Chicago, Dallas-Fort Worth, Houston, Miami, Minneapolis, Denver, St. Louis, Charlotte, Pittsburgh, Raleigh, Louisville, and other markets operate under brand names such as Rick's Cabaret, XTC, Club Onyx, Vivid Cabaret, Jaguars Club, Tootsie's Cabaret, Scarlett's Cabaret, Diamond Cabaret, and PT's Showclub. Sports bars/restaurants operate under the brand name Bombshells Restaurant & Bar.
Forward-Looking Statements
This press release may contain forward-looking statements that involve a number of risks and uncertainties that could cause the company's actual results to differ materially from those indicated, including, but not limited to, the risks and uncertainties associated with (i) operating and managing an adult business, (ii) the business climates in cities where it operates, (iii) the success or lack thereof in launching and building the company's businesses, (iv) cyber security, (v) conditions relevant to real estate transactions, (vi) the impact of the COVID-19 pandemic, and (vii) numerous other factors such as laws governing the operation of adult entertainment businesses, competition and dependence on key personnel. For more detailed discussion of such factors and certain risks and uncertainties, see RCI's annual report on Form 10-K for the year ended September 30, 2021, as well as its other filings with the U.S. Securities and Exchange Commission. The company has no obligation to update or revise the forward-looking statements to reflect the occurrence of future events or circumstances.
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.alaskasnewssource.com/prnewswire/2022/08/09/rci-reports-3q22-results-total-revenues-707m-gaap-eps-148-non-gaap-eps-160/ | 2022-08-09T21:44:19Z | https://www.alaskasnewssource.com/prnewswire/2022/08/09/rci-reports-3q22-results-total-revenues-707m-gaap-eps-148-non-gaap-eps-160/ | false | 10 |
Invesco Ltd. Announces July 31, 2022 Assets Under Management
Published: Aug. 9, 2022 at 4:15 PM EDT|Updated: 1 hour ago
ATLANTA, Aug. 9, 2022 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ) today reported preliminary month-end assets under management (AUM) of $1,449.0 billion, an increase of 4.2% versus previous month-end. The firm experienced net long-term outflows of $5.2 billion in the month. Non-management fee earning net inflows were $1.4 billion and money market net inflows were $5.1 billion. AUM was positively impacted by favorable market returns which increased AUM by $57 billion. AUM was not materially impacted by exchange rate movements during the month. Preliminary average total AUM for the quarter through July 31 were $1,408.7 billion, and preliminary average active AUM for the quarter through July 31 were $961.7 billion.
About Invesco Ltd. Invesco Ltd. (NYSE: IVZ) is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. With offices in more than 20 countries, our distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities. For more information, visit www.invesco.com/corporate.
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.whsv.com/prnewswire/2022/08/09/invesco-ltd-announces-july-31-2022-assets-under-management/ | 2022-08-09T21:44:35Z | https://www.whsv.com/prnewswire/2022/08/09/invesco-ltd-announces-july-31-2022-assets-under-management/ | false | 41 |
LEHI, Utah, Aug. 9, 2022 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure ™ Mattress," today announced results for the second quarter ended June 30, 2022.
Second Quarter Financial Summary (Comparisons versus Second Quarter 2021 and First Quarter 2022)1
- Net revenue was $144.1 million, a decrease of 21.1% compared to 2Q21 and an increase of 0.6% compared to 1Q22.
- Gross margin was 33.9% compared to 44.7% in 2Q21 and 36.1% in 1Q22.
- Operating expenses as a percent of net revenue were 42.3% compared to 46.1% in 2Q21 and 48.9% in 1Q22.
- Operating loss was $(12.1) million compared to $(2.5) million in 2Q21 and $(18.4) million in 1Q22.
- Net loss was $(8.3) million as compared to a net income of $2.6 million in 2Q21 and $(13.6) million in 1Q22.
- EBITDA was $(8.0) million compared to $3.9 million in 2Q21 and $(10.6) million in 1Q22.
- Cash and cash equivalents were $41.2 million at June 30, 2022.
"We continue to make important progress improving Purple's operational health despite increasing macro headwinds," said Chief Executive Officer Rob DeMartini. "The meaningful improvement in second quarter adjusted EBITDA compared with the first quarter on similar revenue underscores the work we've done since the start of this year right sizing our cost structure. While the continued shift in demand away from home related categories and the impact of inflation on consumer discretionary spending is delaying our top-line recovery, we remain confident that our four strategic initiatives – operational excellence, brand elevation, channel development and accelerating innovation – are the right building blocks for delivering long-term profitable growth. We are moving forward focused on executing our plans and preparing the Company to emerge from the current macroeconomic environment well positioned to accelerate growth and expand market share."
Second Quarter 2022 Review
Second quarter 2022 net revenue decreased 21.1% to $144.1 million, compared to $182.6 million in the second quarter of 2021. This decrease was primarily due to the challenging year-over-year comparison created by the pull forward of demand driven by the effects of COVID and economic stimulus in the second quarter of 2021, changing demand for home related products, inflationary pressure on discretionary consumer spending, and an intentional reduction in advertising spend, which was down 56.0% compared with a year ago. By channel, versus prior year, wholesale net revenue declined 5.9% and direct to consumer net revenues declined 29.8%. Within DTC, ecommerce declined 39.2%, reflecting the aforementioned pullback in ad spend. This was partially offset by a 150% increase in showroom net revenue driven largely by the opening of 27 net new showrooms over the past 12 months.
Gross margin for the second quarter 2022 declined to 33.9% compared to 44.7% in the year ago period. This decline was primarily attributed to lower revenue with an increased wholesale channel revenue, which carries a lower gross margin than DTC channel revenue and unfavorable cost absorption from lower than planned production volumes in prior months. Additionally, the decline in gross margin reflects the impact of elevated levels of materials, labor and overhead costs, partially offset by benefits realized from our workforce restructuring. Wholesale net revenues comprised approximately 43% of net revenue for the quarter compared with approximately 36% in the same quarter last year.
Operating expenses were 42.3% of net revenue for the second quarter of 2022 compared to 46.1% in the year ago period. The decrease in operating expenses as a percent of net revenue compared with the prior year period was driven primarily by the intentional reduction in advertising spend to improve marketing efficiency and stabilize profitability in the current environment and the restructuring of the marketing organization that occurred in the second quarter of this year. Advertising spend for the second quarter was reduced $24.1 million, or 56.0% year-over-year and $4.9 million, or 20.6% from the first quarter of 2022.
Operating loss was $(12.1) million for the second quarter 2022 compared to $(2.5) million in the prior year period.
Net loss was $(8.3) million for the second quarter 2022 compared to a net income of $2.6 million in the year ago period. As previously disclosed, the Company determined that its outstanding warrants should be accounted for as liabilities and recorded at fair value on the date of the transaction and subsequently re-measured to fair value at each reporting date. For the three months ended June 30, 2022 and 2021, the Company recognized non-cash gains of $0.3 million and $4.9 million, respectively, associated with the change in fair value of warrant liabilities.
Adjusted net loss, which excludes adjustments for certain non-cash items and other items the Company does not consider in the evaluation of ongoing operational performance, including gains associated with the change in fair value of warrant liabilities, was $(8.8) million, or $(0.11) per adjusted diluted share, compared to adjusted net income of $3.6 million, or $0.05 per adjusted diluted share in the prior year period. Adjusted net loss has also been adjusted to reflect an estimated effective income tax rate of 31.7% for the current year period resulting in an adjusted income tax benefit and 25.4% for the comparable prior year period resulting in an adjusted income tax benefit.
EBITDA for the second quarter 2022 was $(8.0) million compared to $3.9 million in the second quarter 2021. Adjusted EBITDA, which excludes the adjustment for non-cash gain associated with the change in fair value of warrant liabilities, Tax Receivable Agreement benefit, new production facility start-up costs, non-cash stock-based compensation, executive search costs, vendor separation fee, severance, showroom opening costs, product reserve and COVID-19 related expenses, was $(0.3) million compared to Adjusted EBITDA of $11.0 million in the prior year period.
Balance Sheet
As of June 30, 2022, the Company had cash and cash equivalents of $41.2 million compared to $91.6 million as of December 31, 2021 and $62.7 million at March 31, 2022. The decrease compared with March 31, 2022 was driven primarily by cash used in operations of $8.5 million, capital expenditures of $13.0 million primarily related to showroom expansion. In addition to the $41.2 million in cash at the end of the second quarter, the Company has the full $55 million amount available under its credit facility. Based on its current projections, the Company believes its cash on hand, amounts available under its revolving line of credit, and expected cash to be generated from e-commerce, wholesale, and Purple retail store channels will be sufficient to meet its working capital requirements, comply with debt covenants and cover anticipated capital expenditures for the next 12 months and beyond.
Inventories at June 30, 2022 were $84.9 million, a decrease of 14% compared with $98.7 million at December 31, 2021 and a decrease of 19.8% compared with $105.8 million at March 31, 2022. The decrease in inventories since the end of Q1 driven by a reduction in mattress inventories and resale finished goods as we right-size our inventories to the current demand environment.
2022 Outlook
Based on second quarter results combined with a more cautious view on the remainder of the year due to the current macroeconomic environment, the Company is amending its 2022 outlook. It now expects full year 2022 net revenue to be between $570 million and $590 million, compared with its prior range of $650 million to $690 million.
Adjusted EBITDA for 2022 is now expected to be between $(15) million and $(5) million, compared with its prior range of $21 million to $27 million.
The Company expects second half 2022 gross margins to improve compared with second quarter 2022 levels and exit the year with gross margins between 37% to 38%.
Conference Call and Webcast Information
Purple Innovation, Inc. will host a live conference call to discuss financial results today, August 9, 2022 at 4:30 p.m. Eastern Time. To access the call dial (888) 882-4478 (domestic) or (646) 828-8193 (international) and provide the Conference ID: 6808645. The call is also being webcast and can be accessed on the investor relations section of the Company's website, investors.purple.com. After the conference call, a webcast replay will remain available on the investor relations section of the Company's website for 30 days.
About Purple
Purple is a digitally-native vertical brand with a mission to help improve lives through innovative comfort solutions. We design and manufacture a variety of innovative, premium, branded comfort products, including mattresses, pillows, bedding, frames and more. Our products are the result of over 30 years of innovation and investment in proprietary and patented comfort technologies and the development of our own manufacturing processes. Our proprietary gel technology, GelFlex Grid, is the foundation of many of our comfort products and provides a range of benefits that differentiate our offerings from other competitors' products. We market and sell our products through our direct-to-consumer online channels, traditional retail partners, third-party online retailers and our owned retail showrooms. Visit Purple online at purple.com and "like" Purple on Facebook and "follow" on Instagram.
Forward Looking Statements
Certain statements made in this release that are not historical facts are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements include but are not limited to statements relating to our expected continuing expansion of market share from investment in capacity, innovation and showrooms; our ability to achieve profitability; expected improvements in performance quarter-over-quarter; expected improvement in margin rates; our ability to successfully execute on improvement strategies; expected improvements in our operating performance; our ability to improve brand recognition; demand for our products; expectations regarding consumer behavior; our ability to develop and expand our distribution channels; our ability to accelerate production innovation; the adequacy of our cash other capital resources; and expected financial and operating results for the full year 2022. Statements based on historical data are not intended and should not be understood to indicate the Company's expectations regarding future events. Forward-looking statements provide current expectations or forecasts of future events or determinations. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Factors that could influence the realization of forward-looking statements include, among others: uncertainties regarding the extent and duration of the impact of the COVID-19 pandemic on many aspects of our business, operations and financial performance; disruptions to our manufacturing processes; changes in economic, financial and end-market conditions in the markets in which we operate; fluctuations in raw material prices and cost of labor; the financial condition of our customers and suppliers; competitive pressures, including the need for technology improvement, successful new product development and introduction; changes in consumer demand, including pullbacks in consumer spending; and the risk factors outlined in the "Risk Factors" section of our Annual Report on Form 10-K filed with the Securities and Exchange Commission (the "SEC") on March 1, 2022, as amended by our Annual Report on Form 10-K/A filed with the SEC on March 16, 2022 and our Quarterly Report on Form 10-Q filed with the SEC on May 10, 2022. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Non-GAAP Financial Measures
EBITDA, adjusted EBITDA, adjusted net income, and adjusted net income per diluted share are non-GAAP financial measures that remove the impact of certain non-cash and non-recurring costs. Management believes that the use of such non-GAAP financial measures provides investors with additional useful information with respect to the impact of various adjustments, which we view as a better measure of our operating performance. Refer to the attached table for the reconciliation of such non-GAAP financial measures to the most comparable GAAP financial measure.
With respect to the Company's Adjusted EBITDA outlook for full year 2022, a quantitative reconciliation to the corresponding GAAP information cannot be provided without unreasonable effort because of the inherent difficulty of accurately forecasting the occurrence and financial impact of the various adjusting items necessary for such reconciliation that have not yet occurred, are out of our control, or cannot be reasonably predicted, including but not limited to warrant liabilities and stock based compensation. For the same reasons, the Company is unable to assess the probable significance of the unavailable information, which could have a material impact on its future GAAP financial results.
Investor Contact:
Brendon Frey, ICR
brendon.frey@icrinc.com
203-682-8200
1 Reconciliations for non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the "RECONCILIATION OF GAAP TO NON-GAAP MEASURES" tables at the end of this press release.
PURPLE INNOVATION, INC.
RECONCILIATION OF GAAP TO NON-GAAP MEASURES
(In thousands)
Management believes that the use of the following non-GAAP financial measures provides investors with additional useful information with respect to the impact of various adjustments, which we view as a better measure of our operating performance. These non-GAAP financial measures are EBITDA, adjusted EBITDA, adjusted net income, and adjusted net income per diluted share. Other companies may calculate these non-GAAP measures differently than we do. These non-GAAP measures have limitations as analytical tools, and you should not consider them in isolation or as a substitute for our financial results prepared in accordance with GAAP.
Reconciliation of GAAP Net Income (Loss) to Non-GAAP EBITDA and Adjusted EBITDA
A reconciliation of GAAP net income (loss) to the non-GAAP measures of EBITDA and adjusted EBITDA is provided below. EBITDA represents net income (loss) income before interest expense, other (income) expense, net, and depreciation and amortization. Adjusted EBITDA represents EBITDA excluding costs incurred due to stock-based compensation expense, debt extinguishment, warrant liability, vendor separation fee, nonrecurring legal fees, interim CFO and consulting fees and severance costs. We believe EBITDA and Adjusted EBITDA provide additional useful information with respect to the impact of various adjustments and provide meaningful measures of our operating performance.
Reconciliation of GAAP Net Income to non-GAAP Adjusted Net Income and Adjusted Net Income per Diluted Share
Our presentation of adjusted net income assumes that all net income is attributable to Purple Innovation, Inc. (i.e. there is no allocation of net income or loss to noncontrolling interests), which assumes the full exchange at the beginning of the period of all outstanding Paired Securities for shares of Class A common stock of Purple Innovation, Inc., adjusted for certain nonrecurring items that we do not believe directly reflect our core operations. Adjusted net income per share, diluted, is calculated by dividing adjusted net income by the total shares of Class A common stock outstanding plus any dilutive warrants, options and restricted stock as calculated in accordance with GAAP and assuming the full exchange of all outstanding Paired Securities as of the beginning of each period presented. Adjusted net income and adjusted net income per diluted share, are supplemental measures of operating performance that do not represent, and should not be considered, alternatives to net income and earnings per share, as calculated in accordance with GAAP. We believe adjusted net income and adjusted net income per diluted share, supplement GAAP measures and enable us to more effectively evaluate our performance period-over-period. A reconciliation of net income (loss), the most directly comparable GAAP measure, to adjusted net income and the computation of adjusted net income per diluted share, are set forth below:
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Bozeman details plans for Fowler Avenue expansion project
Residents voiced their concerns to Bozeman city commissioners at a work session on Tuesday night for the proposed Fowler Avenue connection from Oak Street to Huffine Lane. Residents are worried about space, protecting landscape and preserving the trails.
“This connector may have been recommended in master plan documents but the fact is a subdivision was approved by the city and built in that corridor, between Babcock and Durston and only a very narrow corridor with minimum setbacks exists where that was once much more space,” a resident told commissioners.
“Those trees go, so does the walking we need to encourage people to walk not discourage them by having all the huge trees cut down along that part,” said another resident.
The City says that it plans on building a three- lane road, one northbound lane, one southbound lane and left turn lanes where necessary. The city plans on keeping the ditch near Durston and trails near Babcock.
The intersection of Fowler Avenue and Durston Road will hold a roundabout, while Babcock Street and Fowler Avenue will be a signaled intersection. The stretch of road from Babcock Street to Huffine Lane will keep the existing street.
“I have been torn as to my opinion on this but I’ve come down on the side of yes. The road needs to be built,” said a Bozeman resident in support of the road.
The few who showed support for the project asked city leaders to focus on the versatility of uses of the road for pedestrians and bikers.
“To consider two pathways, one on either side of the street, and I would like you to urge you to consider 12-foot lanes, not 10-foot lanes,” suggested an area resident.
The next step in the process is to look at design alternatives for the road before it moves forward. | https://www.newsbreak.com/news/2692991539831/bozeman-details-plans-for-fowler-avenue-expansion-project | 2022-08-09T21:49:20Z | https://www.newsbreak.com/news/2692991539831/bozeman-details-plans-for-fowler-avenue-expansion-project | true | 2 |
A fossilized horse tooth could finally provide an answer to the mystery of how the wild Chincoteague ponies ended up on Maryland and Virginia's Assateague Island.
Copyright 2022 NPR
A fossilized horse tooth could finally provide an answer to the mystery of how the wild Chincoteague ponies ended up on Maryland and Virginia's Assateague Island.
Copyright 2022 NPR | https://www.kalw.org/2022-08-09/a-fossilized-tooth-may-determine-the-origin-of-the-chincoteague-ponies | 2022-08-09T21:49:40Z | https://www.kalw.org/2022-08-09/a-fossilized-tooth-may-determine-the-origin-of-the-chincoteague-ponies | false | null |
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