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Pedestrian and cyclist bridge proposed at Buckhead Loop
Buckhead leaders are moving forward with a plan to build a soaring bridge near Ga. 400 that will give pedestrians and bicyclists an easy route around a snarl of honking horns and stop-and-go traffic.
What's happening: The plan is the newest phase of the Buckhead Community Improvement District’s effort to make Lenox Road safer and more connected.
The big picture: The project is designed to become the north entrance to HUB404, an ambitious proposed park that would cap Ga. 400 and link together the Buckhead Loop area. It will also connect with the Path400 greenway.
In the weeds: The area in question is called a single-point urban interchange, or SPUI — pronounced spoo-ee — and designed to move cars as quickly as possible.
- Adding a safe way for people and bicyclists to mix with the steady rush of cars proved too difficult for planners, Jim Durrett, executive director of the Buckhead CID, tells Axios. The bridge made sense, he says.
What's next: Buckhead CID leaders want your input. On Sep. 19 at 6pm, the Buckhead CID will host a virtual open house to brief the public and start accepting comments.
- They'll then collect input over two weeks on the project website.
CID leaders want to start construction in late 2024.
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Fulton County wrestles with its cities over LOST distribution
Officials in Fulton County and its cities — from Chattahoochee Hills to Atlanta to Johns Creek — are fighting over how to divvy up billions of dollars in sales tax revenue.
- Failure to strike a deal could blow holes in the governments' budgets, meaning property tax hikes or program cuts, officials say.
What's happening: The county and the cities have until Dec. 30 to negotiate how to distribute revenue from a special sales tax that helps fund police, fire and other services and lowers property owners' tax bills.
Catch up quick: Currently, Fulton receives just under 5% (around $15 million) of the local option sales tax, or LOST. That amount funds countywide services. The rest is split among the county's cities based on their population.
- Fulton has proposed upping that to 35% — roughly $95 million more, says a consultant hired by the cities.
Details: The cities note that Fulton's unincorporated area has shrunk to less than 2 square miles and a population of less than 1,000 in 2020 — down from almost 230,000 in 2000 when it received 35% of the revenues. Fewer people should equate to a smaller cut of LOST funding, they say.
- In fact, the cities' consultant argues, Fulton should actually receive 2.45% of the LOST revenues — half of what it is getting now.
Yes, but: Fulton officials argue that the county operates services that benefit everyone, including the cities: courts, the jail, health centers and senior services. As the county's population has grown, so has the demand for these services.
- In addition to the more than $1 billion to fund those services, Fulton county manager Dick Anderson said that the county is overdue to build a 24-7 behavioral health center and potentially a new jail.
The big picture: Metro Atlanta's cityhood fever has created a confusing patchwork of fiefdoms and debates about how local governments should deliver — and pay for — services.
What's next: The county and cities continue negotiations. If they can't strike a deal, their options include hashing things out with a mediator — or going the arbitration route and letting a third party decide.
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These companies want a Mass. sports betting license
At least half a dozen companies have formally expressed interest in a Massachusetts sports betting license since regulators started soliciting information last week.
Driving the news: Six companies have submitted notices of intent to the Massachusetts Gaming Commission as of Tuesday, spokesperson Thomas Mills told Axios.
- That number is expected to increase as the Aug. 31 deadline for the notices approaches.
Yes, but: The new market won't take off until the commission finalizes regulations and issues licenses to prospective operators, which must be vetted.
Who's interested:
DraftKings: The Boston-based sports book pushed state legislators for years to legalize sports betting in Massachusetts.
- DraftKings takes bets in 15 states, per the company website.
GAN Nevada: GAN is a Las-Vegas-based online gaming software company. It's worked with Station Casinos, a hotel-casino company, to help develop a "one-stop shop" for retail and online sports betting throughout Nevada.
WynnBet: The sports betting arm of Wynn Resorts, the parent company of Encore Boston Harbor.
Fanatics: The Florida-based sports merchandising company started expanding into online sports betting last year, hiring FanDuel CEO Matt King to lead the company's gaming venture.
PointsBet: The New-Jersey-based online sports book operates in 11 states.
Massasoit Greyhound Association, aka Raynham Park: Raynham Park's representatives told regulators weeks ago that they wanted to throw their name into the mix.
- Steve Eichel, an attorney representing the simulcast racing center's owners, told regulators last week that the owners are in talks with several sports betting operators who are interested in partnering with them for a license.
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President Biden's announcement of a sweeping effort to forgive federal student loan debt – up to $20,000 for Pell Grant recipients, and up to $10,000 for others who qualify – leaves millions of borrowers with unanswered questions, and some of the details won't be clear for weeks or months.
Here are three big questions borrowers may have:
1. Who will get loan forgiveness?
Americans currently owe about $1.62 trillion in federal student loans. Biden's plan will provide relief to most of them – 43 million borrowers – and will completely erase the student debt of about 20 million.
But who qualifies?
Individuals with federal student loans who make under $125,000 per year, or couples earning less than $250,000, qualify for up to $10,000 in forgiveness.
That includes current students: Borrowers who are dependent students will be eligible for relief based on their parents' income. Parent PLUS loans, which are federal loans for parents of undergraduate students, are also eligible under the president's plan. (Loans taken out after June 30, 2022, will not qualify.)
Qualified borrowers who received Pell Grants are eligible for additional relief – up to $20,000.
Roughly 60% of federal student loan borrowers received Pell Grants, according to the White House. These grants are designed to help low-income students pay for higher education, and about a third of undergraduates with federal student loans receive Pell Grants every year.
2. Do I have to apply?
Many borrowers, while excited about the news, want to know what comes next. The White House said that, in order to benefit, most borrowers will have to submit an application to verify their income. The Education Department said nearly 8 million borrowers already have income information on file, and should qualify to have their debts canceled automatically.
For those 8 million borrowers, that relief may come very soon. And the timetable for those remaining borrowers – some 35 million of them?
"That's the million dollar question," Education Secretary Miguel Cardona told NPR's Mary Louise Kelly.
"We're improving a system that was broken and antiquated," he said, adding that it will take time to make the process run smoothly. Cardona urged borrowers to go to https://studentaid.gov/debt-relief-announcement/ for more information and to sign up for automated emails that will provide updates.
3. Will my monthly payments go down?
An unexpected part of Biden's announcement is a revised plan for what is known as income-driven repayment (IDR), which are designed to help people who cannot afford to make large monthly payments.
Biden's IDR plan will cut the amount borrowers have to contribute each month – from 10% of their discretionary income to 5%. It will also raise the amount of income that is considered non-discretionary, thus providing more assistance.
While Biden's loan forgiveness announcement brings immediate relief for many borrowers, Dominique Baker, an associate professor of education policy at Southern Methodist University, says these changes to IDR could bring benefits for years. "When we talk about needing large-scale reform of the student loan system, this would be one of those things," she said. "This is a good first step."
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.klcc.org/npr-news/npr-news/2022-08-25/3-things-you-need-to-know-about-bidens-student-loan-announcement | 2022-08-25T10:42:54Z | klcc.org | control | https://www.klcc.org/npr-news/npr-news/2022-08-25/3-things-you-need-to-know-about-bidens-student-loan-announcement | 1 | 1 | green-iguana-35 | null |
NEW YORK, Aug. 25, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Outset Medical, Inc. ("Outset Medical" or the "Company") (NASDAQ: OM) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Outset Medical investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of all persons or entities who purchased Outset Medical common stock between September 15, 2020, and June 13, 2022. Follow the link below to get more information and be contacted by a member of our team:
OM investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) the Company's flagship product, Tablo Hemodialysis System ("Tablo"), would require an additional 510(k) application to be filed with The United States Food and Drug Administration ("FDA"), as defendants had "continuously made improvements and updates to Tablo over time since its original clearance"; (2) as a result, the Company could not conduct a human factors study on a cleared device in accordance with FDA protocols; (3) the Company's inability to conduct the human factors study subjected the Company to the likelihood of the FDA imposing a "shipment hold" and marketing suspension, leaving the Company unable to sell Tablo for home use; and (4) as a result, defendants' positive statements about the Company's business, operations, and prospects were materially false and misleading and /or lacked a reasonable basis at all relevant times.
WHAT'S NEXT? If you suffered a loss in Outset Medical during the relevant time frame, you have until September 6, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
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William Alexander was ecstatic when he read President Joe Biden's tweet on Wednesday, announcing the administration's student loan forgiveness plan.
"Literally life-changing," he says.
The news means that his wife will have $20,000 of her debt wiped, since she received Pell Grants in school and the couple makes less than $250,000 a year. Alexander, who lives in Jacksonville, FL, also had his own loans forgiven earlier this year under the borrower's defense rule — which allows borrowers to ask the Department of Education to erase their student debt if a school lied to them about things like job prospects or potential salaries.
In keeping with my campaign promise, my Administration is announcing a plan to give working and middle class families breathing room as they prepare to resume federal student loan payments in January 2023.
— President Biden (@POTUS) August 24, 2022
I'll have more details this afternoon. pic.twitter.com/kuZNqoMe4I
"The admissions advisor told me that there was a guaranteed career waiting for me," Alexander says of the for-profit college he applied to in 2015. "They told me that my total tuition would be about $8,000, and instead it turned out to be close to $50,000."
He struggled to make his payments, so he filed a borrower defense claim. This year, he got notice that the entire balance of his loans was being forgiven.
"I was blown away," he says, laughing. "I wasn't expecting this at all. It put a huge smile on my face, of course, when I got it. And, you know, I ran into the house telling everyone, 'Hey, my student loans are getting canceled, my student loans are getting canceled.' So yeah, I'm happy as a pig in mud."
Alexander says that after years of renting, he and his wife are looking at houses now. And he feels like he'll have more time to volunteer in his community.
But while families like the Alexanders are rejoicing over some newfound financial freedom, the move has critics on both sides of the issue. Some say it's not enough, while others say it shouldn't have happened at all.
Not everyone is celebrating
Wednesday's announcement joins the Biden Administration's portfolio of policies attempting to ease the burden of student debt. It also stated that monthly loan payments would be paused one final time, until the end of 2022.
But many borrowers are still hoping for more relief. Jayson Douglas, a 29-year-old in Commerce, TX, owes almost $90,000 in student loans. He's already working several jobs to offset the rising cost of living. So he's dreading the end of the payment pause.
"My monthly payments are at $835 a month," he says. "I really think that our government needs to cancel student loans altogether. Or at least cancel the interest and go back to the original borrowing principal."
He says while he understands how many families will be thrilled with the latest announcement, it wasn't what he was hoping for.
And he isn't alone in his disappointment. Pari, a 51-year-old paralegal who didn't give her last name for privacy reasons, wants to see all student debt canceled, too. And she feels angry when she sees it compared to other government debt forgiveness.
"PPP loans, plus interest, were forgiven without question or explanation," she says. "Millionaires and big corporations got yet another blank check."
Pari has student loans more than 20 years old. As a single mother with one source of income, she's had to pause the payments several times. Interest accumulated and she now owes more than she originally borrowed. Two of her kids are in college now, so she has also taken out two PLUS loans to pay their tuition and expenses. She says she never had a chance to build any savings, so she didn't have another choice.
Her debt currently totals more $200,000.
"The weight of the student loans bears on every other decision that I tried to make," she says. "Home ownership and all of that. The compound interest is just crippling. It just really feels like robbery. And I'm hoping that this nightmare ends."
At the root of a crisis
Pari's PLUS loans highlight the need for a longer view on higher education costs. What about the generation currently planning, applying and packing for college, signing promissory notes as a new school year looms? How can the root causes of the student debt crisis be addressed?
"I think that debt cancellation is the first step," says Jared Bass, senior director for higher education at the Center for American Progress. He says increasing access to grants and cutting overreliance on loans is key. "Loans are the No. 1 form of assistance that we provide to students. So it's no wonder that we have a student debt crisis."
He also wants to see the cost of college addressed immediately. And says there needs to be a way to hold colleges accountable when students don't get the promised education that helps them compete in the job market and become economically secure.
And speaking of promises, Bass also points out that debt forgiveness as a concept is not new.
"We have public service loan forgiveness. We have income-driven repayment, which are both repayment options that promise debt forgiveness or debt cancellation already within the higher education system," he says.
But, he said, the Government Accountability Office and other government watchdogs have found that those programs have not been working.
"There's a question of fairness to borrowers who were hoping to rely on those programs in order to see some debt relief," Bass says. "Those programs have not worked. So debt cancellation, especially one that's broad based, could be seen as, you know, making good on the government's promise to those borrowers."
The concept of fairness has also come up repeatedly among critics of student debt forgiveness. A common sentiment has been: What about those who already paid off their loans? Or didn't take out loans at all? How is this fair to them?
I paid off my loans, I put my kids through college by work hard. Why am I now paying for everyone else? Student loan Debt is their responsibility, not mine
— How Did We Get Here (@HowDidWeGetHe18) August 24, 2022
Pari thinks a lot of people who feel that way have no idea how expensive higher education really is these days. She says that avoiding loans is a privilege and likely means that someone either had other financial help or "went to school during a time when a college credit cost $30."
"The days of going to college and working a job part-time to pay for it? That's nonexistent now. And has been for the last 20 years," she says.
Pari also wants to remind people of "the added layer" of her experience as a Black woman.
"America has made it very clear that they really don't feel Black people all that much," she says.
Black college graduates owe $7,400 more on average than their white peers, according to a 2016 Brookings analysis. Because of higher interest rates and accrual on average, black graduates hold almost $53,000 in student loan debt four years after graduation — nearly twice as much as their white counterparts.
Education Secretary Miguel Cardona told NPR after the announcement that the Pell Grant rule in the latest announcement considered those numbers.
"Black Americans are two times more likely to be Pell recipients," he says. "So, you know, they're more eligible now for the $20,000 versus the $10,000. And we know that 1 out of every 4 Black Americans will receive total debt cancellation after today's announcement."
Jayson Douglas, who is also Black, says this is ultimately a question of access and wants to see the government address that with more than a one-time fix.
"Not everyone was afforded the same opportunities. And we really need to be advancing the conversation around equity, predatory lending and education," he says. "However, today is still a day to celebrate and think about the impact that this decision has made for millions of families across our country."
As for when borrowers can expect that promised relief on their loans, Secretary Cardona called that "the million dollar question."
"It's really important that folks know that we're also improving a system that was broken and that was antiquated," he said. "The Federal Service Loan Administration has really gone through some overhauls to make the process smoother. So what we're asking folks to do is visit studentaid.gov/debtrelief and sign up for automated emails so that more information can come."
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.klcc.org/npr-news/npr-news/2022-08-25/and-now-what-the-question-that-follows-bidens-student-loan-forgiveness-plan | 2022-08-25T10:43:06Z | klcc.org | control | https://www.klcc.org/npr-news/npr-news/2022-08-25/and-now-what-the-question-that-follows-bidens-student-loan-forgiveness-plan | 1 | 1 | green-iguana-35 | null |
Mumia Abu-Jamal's records find new home at Brown University
A trove of writings from Mumia Abu-Jamal, whose controversial conviction for the fatal shooting of a Philly cop in 1981 sparked a worldwide "Free Mumia'' movement, now has a home at Brown University.
Driving the news: Abu-Jamal's records will anchor a new collection at the university's John Hay Library called Voices of Mass Incarceration, the university said in a statement Wednesday.
- Earlier this summer, the Rhode Island university acquired 60 boxes of Abu-Jamal's papers spanning from 1981-2020.
Catch up fast: The Center City fatal shooting of officer Daniel Faulkner on Dec. 9, 1981 is one of the most high-profile police shooting cases in Philadelphia and around the world.
- Born Wesley Cook in Philadelphia in 1954, Abu-Jamal was convicted of murdering Faulkner in 1982. His sentence was reduced to life in prison in 2011 after spending decades on death row.
- Abu-Jamal, who's always maintained his innocence, became the face of the anti-death penalty movement in the U.S. and published dozens of books and commentaries while behind bars.
Details: The records from Abu-Jamal, a former Black Panther, include:
- Documents about his trial, prison and death row experiences
- Reflections on civil rights and freedom
- Artwork
- Newspaper clippings, cards and letters
Plus: The university also acquired the thick aviator glasses that Abu-Jamal, now 68, wore for years.
Of note: The university also obtained the related papers of Johanna Fernández, a long-time advocate of Abu-Jamal's.
What they're saying: The collection of Abu-Jamal's records paints a vivid picture of life as a prisoner, Kenvi Phillips, Brown's director of library diversity, equity and inclusion, said in a statement.
- "This collection will give scholars a rare chance to peer inside prison walls and understand how incarcerated people live, think and advocate for themselves."
What's next: The university will catalog the records and papers and is expected to make them available for use in 2023.
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14 mins ago - News
How Biden's student debt cancellation will affect North Carolina
More than one million North Carolinians have some form of student debt. Many could see relief from a Biden administration plan to cancel some of it.
Driving the news: Announced yesterday, the plan could result in approximately 20 million Americans having their debt completely canceled.
- The plan cancels up to $20,000 in student debt for Pell Grant recipients.
- And up to $10,000 for individual borrowers who make under $125,000 per year.
Zoom in: North Carolinians hold nearly $50 billion in student debt, according to data from Federal Student Aid.
- In 2019-2020, 55% of college graduates in North Carolina had student loan debt, according to the Institute for College Access & Success.
- The average debt was $29,681.
Read more: Biden cancels up to $20K in student loans for Pell Grant recipients, $10K for millions of others
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How home prices once surged in Florida, creating new boomtowns
The pandemic-fueled phenomenon of remote white collar workers, suddenly free to work from home, leveraging their higher salaries to buy homes in cheaper areas, dramatically changed Florida's west coast.
The big picture: All those remote workers drove up home prices in formerly inexpensive areas, turning Cape Coral and others into "pandemic boomtowns," Axios Markets' Emily Peck reports. Rents surged, too.
On the flip side: In Tampa, a big chunk of home sellers dropped their asking price in July as the housing market cooled.
State of play: These booms aren't busting, per se, but they're slowing down as higher mortgage rates, coupled with higher prices, crush demand.
Flashback: In the pandemic boomtowns, homebuyer incomes (the wages of all the fancy newcomers) soared over the past two years — and home prices went up right along with them, according to a new Redfin analysis.
- In Boise, Idaho, the poster-child of pandemic real estate, the median income for homebuyers in 2021 was $98,000 — a 24% increase from two years prior. Meanwhile, home prices surged 53% in that time period.
🔎 Zoom in: In North Port and Cape Coral, homebuyer income surged nearly 20%, while home prices jumped almost 50%.
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OSLO, Norway, Aug. 25, 2022 /PRNewswire/ -- Zwipe AS, a leading provider of biometric payment card solutions, is proud to announce that it has obtained the Component Conformity Statement ("CCS") certificate from Mastercard for the Zwipe Pay platform, the most advanced and integrated biometric card solution available to all Smart Card Manufacturers ("SCMs") in the market today.
This CCS certificate enables Zwipe's customers, the SCMs, to leverage Zwipe's certification results to obtain a Letter of Approval ( "LoA") from Mastercard for their own biometric payment cards built on the Zwipe Pay platform.
Zwipe successfully passed all tests required to obtain the Mastercard CCS certificate. This certification confirms that the Zwipe Pay biometric payment card platform meets all the security, reliability, functionality, and performance standards required by Mastercard. Zwipe's complete end-to-end biometric payment card platform is now ready for full adoption by SCMs to produce Mastercard cards.
Issuers can now work with their SCMs to develop and launch biometric payment cards based on Zwipe Pay, and leverage Mastercard's global network to deliver Mastercard biometric payment cards throughout the world. Issuers will have the opportunity to create differentiation, accelerate customer acquisition, uplift loyalty and create new revenue streams.
Consumers will benefit from more convenient, safe, and secure ways to pay.
"Having the Zwipe Pay platform certified by Mastercard is a significant milestone and major step forward for Zwipe and our customers. This development will further accelerate issuer pilots and planned launches based on Mastercard's network. The pathway is now open for Smart Card Manufacturers and issuers all over the world to certify, produce and deploy Mastercard biometric cards based on Zwipe Pay," said Robert Puskaric, CEO of Zwipe.
This information is subject to the disclosure requirements in Regulation EU 596/2014 article 19 number 3 and the Norwegian Securities Trading Act section 5-12, and is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 11.15 on 25 August 2022.
About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence. To learn more, visit http://www.zwipe.com.
For more information, please contact:
Danielle Glenn, CFO and Head of IR
+47 909 98 201
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A tree is trending on Reddit — because it's no ordinary tree.
The most dangerous tree on the planet can be found in Mexico, the Caribbean and Southern Florida. One touch from the tree's sap causes blisters, and a single bite of its fruit can be fatal.
Seemingly every aspect of the manchineel tree is designed to cause extreme pain and even death. The Guinness Book of World Records crowned it the most dangerous tree in the world in 2011, but scientists have long known about the manchineels' toxins.
According to one researcher, Christopher Columbus referred to the tree's fruit as "manzanilla de la muerte"; the little apple of death.
The toxins are so strong that even standing under the tree during a rainstorm can cause excruciating pain and blisters. Even burning the wood releases the toxins, which can cause blindness for those standing too close to the smoke.
The tree can reach heights of 50 feet, with toothed leaves 2 to 4 inches long. The bark is shades of red, brown and gray, and like the fruit and leaves, is also poisonous.
Indigenous people in Florida and the Caribbean used to dip arrowheads in the tree's poisonous, milky sap to kill their enemies, according to the University of Florida, and even tied others to the tree to ensure a slow and painful death.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.klcc.org/npr-news/npr-news/2022-08-25/sap-from-this-tree-will-give-you-blisters-eating-the-apple-like-fruit-can-kill-you | 2022-08-25T10:45:29Z | klcc.org | control | https://www.klcc.org/npr-news/npr-news/2022-08-25/sap-from-this-tree-will-give-you-blisters-eating-the-apple-like-fruit-can-kill-you | 1 | 1 | green-iguana-35 | null |
Light Up the Dark Glow Walk, remembering overdose victims, slated for Aug. 31
Recovery Advocacy Warriors (RAW) will hold its second-annual Light Up the Dark Memorial Glow Walk at 8 p.m. Aug. 31 at St. Mary’s Park’s parking lot.
Aug. 31 is International Overdose Awareness Day. Attendees will walk through downtown Monroe in remembrance of lives lost to overdose. Attendees can dress in glow paint, wear glow-in-the-dark accessories and hold memorial signs. Somme accessories will be available at the park.
“Walk in honor of someone you love,” RAW said.
“Last year there were over 50 people in attendance,” Sara Derigo, RAW program manager, said.
RAW is Monroe’s local Recovery Community Organization, Derigo said.
“We provides a wide array of community events, education and recovery support services,” she said.
The program began in 2018, under the umbrella of services at Catholic Charities of Southeast Michigan, a local behavioral health provider.
“RAW has experienced significant growth in the past few years and just recently expanded to its own physical location in, July 2022,” Derigo said. “RAW is now housed at 552 and 554 Rambow Dr. in Monroe.”
RAW is open by appointment only and during scheduled meeting times.
“We are a small, dedicated team of people with lived experience in recovery and work diligently to reduce stigma and enhance the quality of life in Monroe County through holistic wellness and non-clinical services through services and events such as weekly mutual support groups, volunteer programming, recreational softball, one-on-one recovery coaching, naloxone distributions/trainings, recovery coach education services, the Annual Recovery Picnic and Overdose Awareness walk, art therapy and recovery yoga,” Derigo said. “This is a community program that is inclusive of people in all stages of recovery, and the community at large.”
RAW has set several other activities, including the annual Recovery Picnic on Sept. 10 and an Open House on Sept. 22. More details on these events will be announced soon.
“Please consider joining us for an open house from 11 a.m. to 3 p.m. Sept. 22 for a tour of our new location, learn about our services and meet our coaches, and network with other community members,” Derigo said. | https://www.monroenews.com/story/news/2022/08/25/glow-walk-to-remember-overdose-victims-aug-31/65413563007/ | 2022-08-25T10:46:37Z | monroenews.com | control | https://www.monroenews.com/story/news/2022/08/25/glow-walk-to-remember-overdose-victims-aug-31/65413563007/ | 1 | 1 | green-iguana-35 | null |
Monroe Center for Healthy Aging buys new oven with grant funds
The Monroe Center for Healthy Aging was able to purchase a new oven recently with funding from the Community Foundation of Monroe County.
The Monroe Center received $4,440 from the Community Foundation of Monroe County’s Kehres Senior Citizens Fund. The funding was matched through a donation by long-time members and supporters of the center, Earl and Bernice Freimark. The Monroe Center is also a recipient of Monroe County Senior Millage funds that are awarded through the Monroe County Commission on Aging.
“The center purchased a stacking convection oven to replace one that was in need of extensive repair,” Sandie Pierce, center director said. “The new ovens were received on Aug. 17, and are already an essential tool for preparing nutritious meals for older adults in Monroe County.”
The Monroe Center provides approximately 100 meals a day, seven days a week. Breakfast is served Mondays through Saturdays. Noon meals are served Sundays through Saturdays, and evening meals are served Mondays through Thursdays. Meals average about $3 each. The Monroe Center serves all of Monroe County, and the public is welcome. To see the menu and center activities, visit www.monroectr.org. | https://www.monroenews.com/story/news/2022/08/25/monroe-center-buys-new-oven-with-grant-funds/65417421007/ | 2022-08-25T10:46:43Z | monroenews.com | control | https://www.monroenews.com/story/news/2022/08/25/monroe-center-buys-new-oven-with-grant-funds/65417421007/ | 1 | 1 | green-iguana-35 | null |
Project Second Chance receives grant from DTE Foundation
The DTE Foundation recently awarded a $10,000 grant to Project Second Chance Monroe.
The funds will be used to support Project Second Chance’s workforce training efforts. In June, 2019, DTE also donated $10,000 to the organization.
“We are extremely grateful to DTE for their support," Marji McIntyre, executive director and founder of Project Second Chance Monroe, said. "This is a fairly new and unique program, so we are glad that the people at the DTE Foundation see the good we have done and the even bigger possibilities we will now have to help the youth to achieve. They can have hope and know that is it possible to make their dreams a reality."
Founded in 2008, Project Second Chance Monroe pairs abandoned dogs with at-risk youth at the Monroe County Youth Center. Since it started, 80 youth and 60 dogs have graduated from the program.
Youth are taught to groom, care for and train the dogs. After the program's completion and a graduation ceremony, the dogs are placed with companions and veterans. But, some of the youth want to continue learning about the pet care industry and other career fields. So, the workforce training program was started.
“The definition of youth is ‘under age 26,’ so that is why we want to also help on the education end, with certification in the pet industry or perhaps training for tech jobs through the community college,” McIntyre said. “We will also offer assistance for interested youth to continue their studies and provide instruction toward a career, either in the pet industry or field of their choice. We hope to eventually form a scholarship fund and assist with enrollment for post-secondary education.”
Originally housed at the Monroe County Youth Center, Project Second Chance purchased the former Jefferson Schools' Administration building last year and is currently renovating the space, which will include doggy day care, boarding, grooming and dog training. More funds are needed to complete the project.
“Project Second Chance is such a unique resource for the community, combining opportunities for children by working through rescue dogs,” Lynette Dowler, DTE Foundation president, said. “The DTE Foundation is proud to support organizations that look at two separate necessities and creates solutions that result in a positive impact for those they serve.”
To learn more about Project Second Chance Monroe or to donate, visit www.projectsecondchancemonroe.org. | https://www.monroenews.com/story/news/2022/08/25/project-second-chance-receives-grant-from-dte-foundation/65417364007/ | 2022-08-25T10:46:49Z | monroenews.com | control | https://www.monroenews.com/story/news/2022/08/25/project-second-chance-receives-grant-from-dte-foundation/65417364007/ | 1 | 1 | green-iguana-35 | null |
Registration available for Before and After School Program at Monroe Family YMCA
The Monroe Family YMCA is still accepting registration for its Before and After School Program. Children ages 5-12 can participate.
“The program keeps them active and engaged during out-of-school time,” the Y said. “Through a well-rounded approach to youth development, our program offers activities in a caring and safe environment during the critical hours before and after school.”
The Y’s program is state-licensed and offers homework help, swimming, STEM activities, literacy, physical activities and art. Children also receive a free meal.
Transportation to and/or from the Y is available for students who attend Monroe Catholic Elementary Schools, Monroe Public Schools and Triumph Academy. DHHS subsidy is accepted, and financial assistance is available to those in need.
According to Afterschool Alliance, a nonprofit public awareness organization, one in five children children do not have someone to care for them after school.
“The Y is a leading nonprofit committed to nurturing the potential of every child and teen, supporting their social-emotional, cognitive and physical development from birth to career,” the Y said.
“Out-of-school hours are an essential time to help increase children’s success in school,” Lizzy Stritt, Youth Development director for the Y, said. “Before and After School Care at the Y is an opportunity for families to ensure their kids are receiving additional support, continued learning and a chance to participate in meaningful activities that can inspire children’s motivations and help them reach their potential.”
For more information about the Monroe Family YMCA’s care program, contact Stritt at (734) 241-2606, ext. 238 or lstritt@monroefamilyymca.org or visit monroefamilyymca.org. | https://www.monroenews.com/story/news/2022/08/25/register-now-for-before-and-after-school-program-at-the-ymca/65417402007/ | 2022-08-25T10:46:55Z | monroenews.com | control | https://www.monroenews.com/story/news/2022/08/25/register-now-for-before-and-after-school-program-at-the-ymca/65417402007/ | 1 | 1 | green-iguana-35 | null |
City of Monroe cleaning Custer Monument
The City of Monroe's oft-debated statue of Gen. George Armstrong Custer is getting some TLC this week.
Workers from Forest Park, Illinois-based Conservation of Sculpture & Objects Studio, Inc. (CSOS) are expected to finish today a maintenance program that the 112-year-old monument undergoes every three-to-five years. They began Tuesday morning by giving the bronze statue a gentle spray cleaning to remove any loose dirt and debris. From Tuesday afternoon through Wednesday, they used a small torch to carefully heat up small areas of the statue at a time and then apply wax to restore the figure's coloring and protect it from the elements. Today, CSOS will finish up the process by buffing the wax into the statue to bring out its original sheen.
Jeffrey Green, Preservation, Planning and Cultural Resources Consultant for the City of Monroe, said that the workers also examine the monument as they are cleaning it to make sure there aren't any cracks or other damage that needs attention.
"Fortunately, although we haven't done the waxing - we kind of extended that time frame out a little bit longer than we generally like to do - (the monument) is in good shape," Green said. "They kind of look it over as they're going along, cleaning and waxing, taking a look at the condition of it to make sure everything is in good shape and there are no problems..."
Green says the cleaning project will cost just under $10,000. He said the city usually looks to recoup at least some of that bill through various grants and donations from local historical preservation groups
"...I think there's been some discussion with a couple of potential funders who said that, if we went ahead and did this this year, we could make (grant applications), so we'll be looking at that as we're kind of going along," Green said. I'll probably be talking with (City Manager) Vince Pastue about that to see if that's something he wants me to work on."
The monument was originally placed in Loranger Square in downtown Monroe until it was moved to Soldier & Sailor's Park on E. Front St. in 1923. In 1955, it was moved to its current home at the corner of W. Elm Ave. and N. Monroe St.
Local activists made several attempts over the past few years to have the structure removed, relocated, or modified in such a way that better reflects the full story of Custer’s controversial life and legacy. Other community members vehemently argued against moving or modifying the statue.
Monroe City Council debated the matter for months before opting to bring in an outside consultant to facilitate discussions with residents and, ultimately, provide the city with a recommendation on what to do with the monument. But individuals both for and against the statue's relocation criticized council for how it chose the facilitator, and the governing body opted to shelve the entire discussion indefinitely. | https://www.monroenews.com/story/news/local/2022/08/25/george-armstrong-custer-statue-monroe-michigan-cleaning/65417581007/ | 2022-08-25T10:47:01Z | monroenews.com | control | https://www.monroenews.com/story/news/local/2022/08/25/george-armstrong-custer-statue-monroe-michigan-cleaning/65417581007/ | 1 | 1 | green-iguana-35 | null |
Michiganders eligible for food assistance to continue getting additional benefit
All Michigan families who are eligible for food assistance benefits will continue to receive at least an additional $95 monthly payment in August to help lower the cost of groceries, Gov. Gretchen Whitmer's office announced this week.
The additional assistance is expected to aid more than 1.3 million Michiganders in more than 700,000 households.
“We will keep working together to help over 1.3 million Michiganders put food on the table,” Whitmer said in a statement. “This additional $95 monthly payment will lower costs and help households use their hard-earned dollars to buy school supplies and pay the bills. I will work with anyone to put money back in people’s pockets so they can thrive. This continued assistance ensures that federal tax dollars get returned to Michigan and are spent at Michigan businesses.”
In April 2020, some Michigan residents began receiving additional food assistance under this program. In May 2021, all eligible households began getting extra monthly benefits. Federal approval is necessary every month.
Eligible clients who receive food assistance received the additional benefits on their Bridge Card by Aug. 22. These benefits are loaded onto Bridge Cards as a separate payment from the assistance provided earlier in the month.
All households eligible for the Supplemental Nutrition Assistance Program (SNAP) receive an increase of at least $95 monthly, even if they are already receiving the maximum payment or are close to that amount. Households that received more than $95 to bring them to the maximum payment for their group size will continue to receive that larger amount.
Below are the maximum allowable benefits for SNAP customers based on their respective household size:
- One Person: $250
- Two Persons: $459
- Three Persons: $658
- Four Persons: $835
- Five Persons: $992
- Six Persons: $1,190
- Seven Persons: $1,316
- Eight Persons: $1,504
Secured by U.S. Senator Debbie Stabenow as Chairwoman of the U.S. Senate Agriculture Committee, the federal government is providing additional funding to states for food assistance under House Resolution 6201, the Families First Coronavirus Response Act.
Eligible families do not need to re-apply to receive the additional benefits. People who receive food assistance can check their benefits balance on their Michigan Bridge Card by going online to www.michigan.gov/MIBridges or calling a consumer service representative toll-free at 888-678-8914. They can ask questions about the additional benefits by calling or emailing their caseworker.
Customer service is available 24 hours a day, seven days a week. Spanish and Arabic service is available. Those who are deaf, deafblind, or hard of hearing or speech-impaired are encouraged to call the Michigan Relay Center at 7-1-1. | https://www.monroenews.com/story/news/local/2022/08/25/michiganders-to-receive-additional-assistance-to-lower-grocery-bills/65417600007/ | 2022-08-25T10:47:07Z | monroenews.com | control | https://www.monroenews.com/story/news/local/2022/08/25/michiganders-to-receive-additional-assistance-to-lower-grocery-bills/65417600007/ | 1 | 1 | green-iguana-35 | null |
MCCC to host National Video Games Day open house
September 12 is National Video Games Day, and Monroe County Community College is celebrating by hosting an open house for a number of its programs designed to prepare students for careers in the field of video game design and development.
The National Video Games Day Open House will begin at 6 p.m. in Founders Hall, Room 140. It will feature the App Development, Computer Science, and Game Design and Development programs.
Prospective students will be able to learn about the programs, meet faculty and current students, and see demonstrations of prior students' work.
The open house is free and open to the public, but registration is required. To register, go to monroeccc.edu/videogames.
According to daysoftheyear.com, gaming is a pervasive part of our culture, coloring everything from our choices in clothing to our taste in cuisine, and there are even themed restaurants dedicated to gamers and the games they love. National Video Games Day was established to encourage people to celebrate this defining part of our culture and share it with our fellow gamers, new and old alike.
MCCC’s associate of applied science degree with specialization in Application Development is designed to train students in web and mobile app development. The college also offers a one-year certificate in this area. The associate of applied science degree with specialization in computer science is designed to train students for the area of computer programming in an engineering/science environment. The associate of applied science degree in game design and development provides students with the foundational skills for game design and development.
For more information about the National Video Games Day Open House at MCCC, contact Leon Letter, dean of the Business Division, at (734) 384-4282 or lletter@monrooeccc.edu. | https://www.monroenews.com/story/news/local/2022/08/25/national-video-games-day-monroe-county-community-college/65417586007/ | 2022-08-25T10:47:13Z | monroenews.com | control | https://www.monroenews.com/story/news/local/2022/08/25/national-video-games-day-monroe-county-community-college/65417586007/ | 1 | 1 | green-iguana-35 | null |
Under His Wings quilt show moves to Adrian
Under His Wings Quilt Ministry is taking its annual quilt show on the road.
The show is moving from its previous location at the Bedford Branch Library to the Adrian District Library for this year's event, which will run from October 1-15. Quilts made by the ministry's members will be viewable inside the library before they are donated to the three area shelters the organization now works with: the Catherine Cobb Safe House in Adrian, the Sunrise House in Monroe and, new this fall, the Bethany House in Sylvania, Ohio.
Under His Wings founder Cheryl Smith said in the ministry's recent newsletter that the move to Adrian "allows us to bring the quilts and support/information opportunities to more communities."
Smith added that the goal is for the show to rotate annually between the Adrian Library and a yet-to-be-determined location in Sylvania.
"What began as a small group of quilters meeting in a local church has endured and expanded," Smith wrote. "We’ve survived opposition and COVID restrictions. Instead of defeat, we’ve emerged as a welcome voice for hope in our community. We’ve defined our mission and expanded our field of impact from one shelter (Catherine Cobb House, Adrian) to three -- Adrian, Monroe and now -- Sylvania. Our first donation consisted of 20 quilts. This fall, we will have donated 300 quilts! And some of you have sewn tirelessly beside me every step of the way. Thank you!!!"
While UHW's quilting show will no longer be at the Bedford Branch Library, the ministry will still have a regular presence there. Smith said that they will participate in the library's Christmas tree display this December.
"Just another way to disperse information about UHW and the shelters," she wrote. | https://www.monroenews.com/story/news/local/2022/08/25/under-his-wings-quilt-show-moves-to-adrian/65417594007/ | 2022-08-25T10:47:19Z | monroenews.com | control | https://www.monroenews.com/story/news/local/2022/08/25/under-his-wings-quilt-show-moves-to-adrian/65417594007/ | 1 | 1 | green-iguana-35 | null |
The next steps in the legal fight to bring more transparency into the FBI's search of former President Donald Trump's Florida home will largely take place in secret.
In the coming days, US Magistrate Judge Bruce Reinhart -- who approved the warrant the FBI used to search Mar-a-Lago earlier this month -- will be considering in private the Justice Department's proposals for redacting parts of the affidavit it filed when seeking the warrant, if the affidavit is to be released at all.
In the document, the investigators who are probing the handling of classified documents from Trump's White House would have had to lay out for the judge why they thought there was probable cause for a crime and that evidence existed of that crime at the Florida resort.
The affidavit contains "substantial grand jury information" a Justice Department attorney told Reinhart at a hearing last week, where media organizations and other entities advocated for the public release of the document, which was filed under seal.
Trump has called for the release of the affidavit, as it was not part of the warrant related documents his legal team was provided with the search. But the former President has not yet formally sought to inject himself into this court fight over whether the affidavit should be unsealed, and instead has filed a separate case in front of a different judge where he is asking to see the affidavit in full.
Here's what we know about what's about to unfold:
DOJ's next deadline is Thursday -- but what it does will likely be under seal
The Justice Department has until Thursday noon to submit the redactions it believes the affidavit will need if the judge were to release it. With that, the department will also submit legal arguments for why those redactions are necessary.
Previously, the department has argued that once the necessary redactions are made, the affidavit would be "devoid of meaningful content."
Reinhart has said the submission due Thursday could be filed under seal. It's possible that prosecutors could file publicly a redacted version of the legal arguments they're making. But so far, there have been no indications that the department plans to do so.
Beyond Thursday's filing deadline for the DOJ, there is no set timeline for what happens next in the dispute.
The judge could still decide that he won't release any part of the affidavit
The judge said last week that the department had not yet convinced him that the entire affidavit needs to remain under seal. But he has still left himself a little room to change his mind, depending on what the department tells him in this latest round of secret filings.
He wrote in an opinion released Monday that "the present record" did not justify "keeping the entire Affidavit under seal." He also wrote that "at this point" he wasn't buying the Justice Department's argument that once all the needed redactions were made, they would be "so extensive that they will result in a meaningless disclosure."
"[B]ut I may ultimately reach that conclusion after hearing further from the Government," he wrote.
For now, all that is for certain is that the Justice Department has convinced the judge not to release the affidavit in its entirety without any redactions.
But the judge is taking into account factors favoring transparency
As Reinhart wrote in Monday's opinion, the Justice Department has already conceded that the warrant involves "matters of significant public concern."
"Certainly, unsealing the Affidavit would promote public understanding of historically significant events," Reinhart said. "This factor weighs in favor of disclosure."
The historical significance of the Mar-a-Lago search also made Reinhart skeptical of another argument the DOJ was making: that the work that will go into making redactions will burden department resources, and could set a precedent that will create similar disruptions and burdens in other cases.
"Particularly given the intense public and historical interest in an unprecedented search of a former President's residence, the Government has not yet shown that these administrative concerns are sufficient to justify sealing," the judge wrote.
Reinhart will have before him the reasons the Justice Department says the affidavit information must remain confidential, which include how it could disclose sources and methods the government is using in its investigation, and the way the affidavits' details could be used to identify witnesses.
It might be several weeks before the dispute over unsealing the affidavit is resolved
Once the Justice Department files its submission, there are no other pending deadlines currently set on the public docket -- meaning the judge could make his next move very quickly, or he could wait for several days or even weeks to act.
During last week's hearing, the attorney arguing on behalf of the government -- DOJ counter-intelligence chief Jay Bratt, who is playing a prominent role in the investigation -- said that after the department submitted its proposed redactions, he would be willing to appear before the judge to discuss them "in camera." That means a private proceeding that would be out of view not only for the public, but for the parties opposing the DOJ in seeking the warrant documents' release.
But it's unclear whether the judge will ask for that kind of hearing and whether there'd be any indication on the public docket that it's happening -- adding more uncertainty to what will happen in the coming days and when.
Adding to the fluid nature of the timing is the possibility that the Justice Department, if the judge doesn't ultimately go along with its proposals for handling the affidavit, will be given time to appeal the decision. The judge might issue his ruling but put it on hold for a certain time so that DOJ can file an appeal. That would kick off a new round of litigation that could stretch out weeks or even months.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved. | https://www.local3news.com/regional-national/whats-next-in-the-fight-over-the-mar-a-lago-fbi-search-affidavit/article_791e7e9c-7a90-50c4-a907-bef5f33bd850.html | 2022-08-25T10:52:46Z | local3news.com | control | https://www.local3news.com/regional-national/whats-next-in-the-fight-over-the-mar-a-lago-fbi-search-affidavit/article_791e7e9c-7a90-50c4-a907-bef5f33bd850.html | 1 | 1 | green-iguana-35 | null |
DOVER, Del. (AP) - A federal judge has overturned a jury’s decision imposing $500,000 in punitive damages against a former a Delaware prison guard accused of sexually assaulting an inmate during a pat-down.
The jury found in December that former Department of Correction Sgt. William Kuschel violated the Eighth Amendment rights of inmate DeShawn Drumgo during the 2014 incident. Jurors also said, however, that Drumgo had failed to prove he had been injured.
The jury awarded Drumgo $1 in nominal damages but slapped Kuschel with $500,000 in punitive damages.
The judge on Wednesday denied Kuschel’s request for a new trial but also declared that the punitive damage award was excessive and violated Kuschel’s due process rights.
“A $500,000 award under the circumstances of this case shocks the conscience and grossly exceeds what was required to serve the needs of deterrence and punishment,” Chief District Judge Colm Connolly wrote. “Leaving in place such an exorbitant award will also dissuade correctional officers from conducting searches they would otherwise perform and lead to the introduction of weapons and contraband into Delaware’s prisons.”
Relying on comparisons to punitive awards in similar cases from other federal districts across the country, Connolly said a $5,000 penalty was adequate to punish Kuschel and deter others from engaging in similar conduct.
“A $5,000 punitive award is also in line with punitive awards imposed against correctional officers for more egregious sexual assaults against inmates,” Connolly added.
While escaping the huge damages award, Kuschel lost his bid for a new trial after arguing that another inmate should not have been allowed to testify that he had also been groped by Kuschel during three frisk searches several months before Drumgo was assaulted.
Drumgo said in a lawsuit that Kuschel patted and groped him inappropriately as other inmates and staff watched, then squeezed his genitals so hard that the skin ruptured while other guards laughed.
A federal appeals court panel ruled in 2020 that Connolly had wrongly granted summary judgment to Kuschel. Connolly’s ruling was based on Drumgo’s supposed failure to show sufficient facts to establish that Kuschel violated his constitutional protections against cruel and unusual punishment. Other Department of Correction workers testified that the search was proper and that they never heard Drumgo tell Kuschel to stop what he was doing, as other inmates had said.
DOC officials had won a previous summary judgment ruling after arguing that Drumgo had failed to exhaust available administrative remedies before filing his lawsuit. But after Drumgo successfully appealed that ruling, prison officials said a subsequent search found that Drumgo had in fact filed a grievance against Kuschel.
Drumgo was sentenced to 23 years in prison in 2007 after being convicted of second-degree murder in the 2006 stabbing death of another man at a Wilmington apartment complex. | https://www.wboc.com/news/judge-nixes-500k-punitive-award-against-delaware-ex-prison-guard/article_c2a2f40e-2448-11ed-8bfe-4b5ff06b3cd3.html | 2022-08-25T10:58:19Z | wboc.com | control | https://www.wboc.com/news/judge-nixes-500k-punitive-award-against-delaware-ex-prison-guard/article_c2a2f40e-2448-11ed-8bfe-4b5ff06b3cd3.html | 1 | 1 | green-iguana-35 | null |
SALISBURY, Md. - Salisbury University Police have issued a traffic advisory for Camden Avenue between College Avenue and Pine Bluff Road from 6 a.m.-2 p.m. Thursday, Aug. 25, as approximately 1,000 new students and their parents come to campus for Move-In Day.
Non-university northbound traffic on Camden Avenue from the Fruitland/Eden areas that morning will be detoured onto Route 13 at the Pine Bluff Road and Camden Avenue intersection. To save time, northbound traffic may want to detour onto Route 13 one intersection sooner, at Kay Avenue, or use Riverside Drive until the detour ends at 2 p.m. Traffic should be flowing normally by early afternoon, police said.
At the Camden and College avenues intersection, all southbound traffic will be detoured to Route 13. Those wishing to enter the Devilbiss and Blackwell parking lots on campus should turn from Route 13 onto Dogwood Drive. Traffic will be directed northbound to those lots from the Dogwood Drive and Camden Avenue intersection.
Access into the university’s Camden Parking Lot F (Blackwell lot), Camden Parking Lot E (Devilbiss lot), Route 13 Lot A, College Avenue Parking lots G and H (Conway Hall lots) and Dogwood Parking Lot D, as well as the Wayne Street parking garage, will be restricted to move-in traffic and deliveries only. All others should seek parking in the Avery parking lot.
Those traveling on College Avenue should be aware of a new traffic pattern, as former turn lanes for SU Parking Lot H (solar lot) and Camden Avenue have been removed to create a new bicycle lane from Camden Avenue to Route 13.
SU employees normally parking on campus should park at the former Court Plaza Shopping Center on Route 13. Employee shuttles will run from that location to main campus from 5:30 a.m.-5:30 p.m.
This advisory is issued in partnership with Wicomico County Public Works, the Maryland State Highway Administration, the City of Salisbury, Salisbury Police and the Wicomico County Sheriff’s Office.
For more information, call Salisbury University Police at 410-543-6222. | https://www.wboc.com/news/salisbury-university-issues-move-in-day-traffic-advisory-for-today/article_26486368-2449-11ed-ac01-f70b4958678f.html | 2022-08-25T10:58:25Z | wboc.com | control | https://www.wboc.com/news/salisbury-university-issues-move-in-day-traffic-advisory-for-today/article_26486368-2449-11ed-ac01-f70b4958678f.html | 1 | 1 | green-iguana-35 | null |
Forecast Updated on Thursday, August 25, 2022, at 3:40am by WBOC Meteorologist Mike Lichniak
Today: Mostly sunny. Highs: 87-92. Winds: SW 5-15 mph.
Tonight: Partly cloudy. Lows: 68-74. Winds: SW 5-10 mph.
Friday: Partly to mostly sunny. We could see a stray shower or storm into the evening hours, but most stay dry. Highs: 86-93. Winds: SW 5-15 mph.
Friday Night: Partly cloudy with a stray shower or storm possible early in the evening. Most folks will stay dry. Lows: 68-74. Winds: SW 5-15 mph.
Saturday: Partly to mostly sunny with evening showers and thunderstorms. Highs: 88-93. Winds: SW 5-20+ mph.
Sunday: Partly to mostly sunny. Highs: 86-92. Winds: SE 5-15 mph.
As the flow around the Bermuda high begins to pick up later in the week, so will the heat and the humidity. Highs for today and tomorrow climb up into the low 90s and by Friday I can’t rule out a few pop-up showers and storms. This chance is not a big one, but with how much heat and humidity there will be in the area, it can’t be ruled out. Most folks will remain dry with this chance of a shower or storm, which is not good news for some folks that could use some rain at this point in the summer.
Over the weekend, we will be watching for a chance of some scattered showers and storms on Saturday evening as a weak disturbance makes its way into the region to act as the trigger. It isn’t the biggest chance for storms at the moment, but know that this chance is greater on Saturday then on Sunday. Sunday looks to be fine with a mix of sun and clouds with highs into the 80s to near 90.
It remains hot and humid to start the workweek next week before another cold front brings more showers and storms by Wednesday and lingers into early Thursday. | https://www.wboc.com/weather/forecast-summary/warmer-and-more-humid-heading-into-the-weekend/article_23acd65c-2449-11ed-ab06-5fb6ba134cc3.html | 2022-08-25T10:58:31Z | wboc.com | control | https://www.wboc.com/weather/forecast-summary/warmer-and-more-humid-heading-into-the-weekend/article_23acd65c-2449-11ed-ab06-5fb6ba134cc3.html | 1 | 1 | green-iguana-35 | null |
Atlantic Ocean:
Thursday: SW 5-10 knots. Seas: 2-3 feet.
Fri: S 10-15 knots. Seas: 3-4 feet.
Chesapeake Bay:
Thursday: SW 5-10 knots. Waves: 1 foot.
Friday: S 5-10 knots. Waves: 1 foot.
Delaware Bay:
Thursday: W 5-10 knots. Seas: 1-2 feet.
Friday: S 5-10 knots. Seas: 1-2 feet. | https://www.wboc.com/weather/on-the-waters/marine-forecast-for-thursday-august-25-2022/article_3cf316e4-2449-11ed-98d5-271d66955346.html | 2022-08-25T10:58:37Z | wboc.com | control | https://www.wboc.com/weather/on-the-waters/marine-forecast-for-thursday-august-25-2022/article_3cf316e4-2449-11ed-98d5-271d66955346.html | 1 | 1 | green-iguana-35 | null |
Muskingum County's COVID cases fall 15.2%; Ohio cases fall 7.5%
Ohio reported 24,067 new cases of coronavirus in the week ending Sunday, down 7.5% from the previous week. The previous week had 26,016 new cases of the virus that causes COVID-19.
Ohio ranked 14th among the states where coronavirus was spreading the fastest on a per-person basis, a USA TODAY Network analysis of Johns Hopkins University data shows. In the latest week coronavirus cases in the United States decreased 11.2% from the week before, with 707,345 cases reported. With 3.51% of the country's population, Ohio had 3.4% of the country's cases in the last week. Across the country, eight states had more cases in the latest week than they did in the week before.
Muskingum County reported 257 cases and zero deaths in the latest week. A week earlier, it had reported 303 cases and zero deaths. Throughout the pandemic it has reported 28,507 cases and 300 deaths.
Perry County reported 67 cases and zero deaths in the latest week. A week earlier, it had reported 88 cases and zero deaths. Throughout the pandemic it has reported 9,258 cases and 129 deaths.
Across Ohio, cases fell in 54 counties, with the best declines in Hamilton County, with 1,517 cases from 1,765 a week earlier; in Franklin County, with 2,214 cases from 2,455; and in Montgomery County, with 1,112 cases from 1,348.
Within Ohio, the worst weekly outbreaks on a per-person basis were in Pike County with 486 cases per 100,000 per week; Jackson County with 478; and Guernsey County with 473. The Centers for Disease Control says high levels of community transmission begin at 100 cases per 100,000 per week.
Adding the most new cases overall were Cuyahoga County, with 2,562 cases; Franklin County, with 2,214 cases; and Hamilton County, with 1,517. Weekly case counts rose in 33 counties from the previous week. The worst increases from the prior week's pace were in Wayne, Ashtabula and Jackson counties.
In Ohio,
zero people were reported dead of COVID-19 in the week ending Sunday. In the week before that, 13 people were reported dead.A total of 3,026,110 people in Ohio have tested positive for the coronavirus since the pandemic began, and 39,310 people have died from the disease, Johns Hopkins University data shows. In the United States 93,641,944 people have tested positive and 1,041,149 people have died.
Ohio's COVID-19 hospital admissions staying flat
USA TODAY analyzed federal hospital data as of Sunday, Aug. 21. Likely COVID patients admitted in the state:
- Last week: 2,146
- The week before that: 2,143
- Four weeks ago: 2,235
Likely COVID patients admitted in the nation:
- Last week: 68,647
- The week before that: 69,679
- Four weeks ago: 73,529
Hospitals in 14 states reported more COVID-19 patients than a week earlier, while hospitals in 19 states had more COVID-19 patients in intensive-care beds. Hospitals in 20 states admitted more COVID-19 patients in the latest week than a week prior, the USA TODAY analysis of U.S. Health and Human Services data shows. | https://www.zanesvilletimesrecorder.com/story/news/2022/08/25/muskingum-county-reported-257-additional-covid-19-cases-last-week/65413301007/ | 2022-08-25T11:02:17Z | zanesvilletimesrecorder.com | control | https://www.zanesvilletimesrecorder.com/story/news/2022/08/25/muskingum-county-reported-257-additional-covid-19-cases-last-week/65413301007/ | 1 | 1 | green-iguana-35 | null |
Local New Briefs
Sharon Avenue closing for work
ZANESVILLE − The City of Zanesville has announced that Sharon Avenue will be closed from 10 a.m. Thursday to 6 a.m. Friday from Hughes Street to Fishers Lane by American Electric Power for improvements to its facilities. Motorists are encouraged to find alternate routes.
Locals graduate KSU
KENT − Several local students graduated Kent State University during spring commencement.
Graduates included Justin Allen, Lynnea Crock and Dominic Moore of Zanesville; Hayley Malenda of Chandlersville; Breanna Darden of Frazeysburg; Katelyn Croston of Nahsport; Jordan Hunt of New Concord; TyAnna Fisher and Brooke Guisinger of New Lexington; Lillian Keister and Brittney Weaver-Spires of Junction City; Casey Slive of New Straitsville; Lucas Clark of Somerset; Levi Sweazy of Thornville; Wyatt Nicewanger of Malta; and Tessa Carnahan of McConnelsville.
Graduating magna cum laude were Mikayla BarBour and Sydney Carson of Zanesville.
Graduating summa cum laude were Lauren Wyatt of Zanesville, Austin Redman of Frazeysburg and Andrew Newsome of New Concord.
Graduating cum laude were Shelby Brown of Zanesville and Breanna Brownfield of Thornville.
Graduating with distinction were Morgan Jinkens, Grace Johnson and Mykensie White of Zanesville; Kendall Lent of Chandlersville; Chloe Eicher of Nashport; and Dakota Fisher of Roseville. | https://www.zanesvilletimesrecorder.com/story/news/local/2022/08/25/local-new-briefs/65416427007/ | 2022-08-25T11:02:23Z | zanesvilletimesrecorder.com | control | https://www.zanesvilletimesrecorder.com/story/news/local/2022/08/25/local-new-briefs/65416427007/ | 1 | 1 | green-iguana-35 | null |
Roundup: RV girls soccer blanks Coshocton
WARSAW — Destiny Frye did her best to keep Coshocton close on Wednesday in its road match with River View.
Eventually the dam burst.
The Redskins were within 1-0 late in the second half, but Kylie Miller sent a hard shot off the left post that found the net, and the Lady Bears pulled away for a 3-0 win on their home field.
River View owned a 22-7 edge in shots on goal, but Frye's acrobatics, part of her 18-save performance in goal, kept Coshocton within striking distance.
Frye made two diving saves in the early stages of the second half to prevent goals, then made two more in the final 10 minutes.
Eventually, Miller found herself free at the top of the box, then unleashed a wicked shot to the left corner that found the net. Paige Stone earned the assist.
Twenty minutes later, Elaina Brenly connected on free kick after a foul from the keeper at the top of the box. It made it 3-0 with 45 seconds left.
River View got on the board in the first 10 minutes when Stone connected to make it 1-0.
Boys Golf
Dover 175, Ridgewood 187, River View 195: Caleb Kline paced the Black Bears with 39 to share medalist honors in a nonleague match on the back nine at Hickory Flats.
Thad Cox had 44 and Kortnee Mickle 53 for the Black Bears; Benny Shuck and Zach Evin posted 42s and Cooper King 44 for Ridgewood.
Dover's Gauge Stingel shared medalist honors; Devon McGlothlin added 43.
In the junior high match, Gavin Gress shot 33 and Colton Gress 34 to lead River View to a 154-256 win against Tuscarawas Central Catholic.
Taylor Harstine had 43 and Clark Frischen and Brynn Harstine 44 for the Black Bears. | https://www.zanesvilletimesrecorder.com/story/sports/2022/08/25/roundup-rv-girls-soccer-blanks-coshocton/65419206007/ | 2022-08-25T11:02:29Z | zanesvilletimesrecorder.com | control | https://www.zanesvilletimesrecorder.com/story/sports/2022/08/25/roundup-rv-girls-soccer-blanks-coshocton/65419206007/ | 1 | 1 | green-iguana-35 | null |
U.S. Air Force Senior Airman Jacob Kornbau, 423d Security Forces Squadron base defense operations center controller, scans his environment during a field training exercise at Stanford Training Area, England, Aug. 17, 2022. Instructors from the 820th Base Defense Group and 435th Security Forces Squadron Ground Combat Readiness Training Center, conducted the exercise to evaluate and bolster the combat readiness skills of the defenders from the 423d SFS. (U.S. Air Force photo by Staff Sgt. Eugene Oliver)
This work, Security forces units use FTX to hone combat readiness [Image 36 of 36], by SSgt Eugene Oliver, identified by DVIDS, must comply with the restrictions shown on https://www.dvidshub.net/about/copyright. | https://www.dvidshub.net/image/7387169/security-forces-units-use-ftx-hone-combat-readiness | 2022-08-25T11:04:40Z | dvidshub.net | control | https://www.dvidshub.net/image/7387169/security-forces-units-use-ftx-hone-combat-readiness | 1 | 1 | green-iguana-35 | null |
U.S. Air Force Staff Sgt. Matthew St. Denis, 435th Security Forces Squadron Ground Combat Readiness Training Center instructor, speaks to Airmen from the 423d Security Forces Squadron during a field training exercise at Stanford Training Area, England, Aug. 17, 2022. Instructors from the 820th Base Defense Group and 435th Security Forces Squadron Ground Combat Readiness Training Center, conducted the exercise to evaluate and bolster the combat readiness skills of the defenders from the 423d SFS. (U.S. Air Force photo by Staff Sgt. Eugene Oliver)
This work, Security forces units use FTX to hone combat readiness [Image 36 of 36], by SSgt Eugene Oliver, identified by DVIDS, must comply with the restrictions shown on https://www.dvidshub.net/about/copyright. | https://www.dvidshub.net/image/7387170/security-forces-units-use-ftx-hone-combat-readiness | 2022-08-25T11:04:47Z | dvidshub.net | control | https://www.dvidshub.net/image/7387170/security-forces-units-use-ftx-hone-combat-readiness | 1 | 1 | green-iguana-35 | null |
U.S. Air Force Airman 1st Class Richard Maria Perez, 423d Security Forces Squadron flight member, lays prone while looking down the sight of an M4 carbine during a Field Training exercise at Stanford Training Area, England, Aug. 17, 2022. Instructors from the 820th Base Defense Group and 435th Security Forces Squadron Ground Combat Readiness Training Center, conducted the exercise to evaluate and bolster the combat readiness skills of the defenders from the 423d SFS. (U.S. Air Force photo by Staff Sgt. Eugene Oliver)
This work, Security forces units use FTX to hone combat readiness [Image 36 of 36], by SSgt Eugene Oliver, identified by DVIDS, must comply with the restrictions shown on https://www.dvidshub.net/about/copyright. | https://www.dvidshub.net/image/7387176/security-forces-units-use-ftx-hone-combat-readiness | 2022-08-25T11:05:24Z | dvidshub.net | control | https://www.dvidshub.net/image/7387176/security-forces-units-use-ftx-hone-combat-readiness | 1 | 1 | green-iguana-35 | null |
An instructor from the 435th Security Forces Squadron Ground Combat Readiness Training Center simulates formations during a field training exercise at Stanford Training Area, England, Aug. 17, 2022. Instructors from the 820th Base Defense Group and 435th SFSGCRTC, conducted the exercise to evaluate and bolster the combat readiness skills of the defenders from the 423d SFS. (U.S. Air Force photo by Staff Sgt. Eugene Oliver)
This work, Security forces units use FTX to hone combat readiness [Image 36 of 36], by SSgt Eugene Oliver, identified by DVIDS, must comply with the restrictions shown on https://www.dvidshub.net/about/copyright. | https://www.dvidshub.net/image/7387178/security-forces-units-use-ftx-hone-combat-readiness | 2022-08-25T11:05:37Z | dvidshub.net | control | https://www.dvidshub.net/image/7387178/security-forces-units-use-ftx-hone-combat-readiness | 1 | 1 | green-iguana-35 | null |
Airmen from the 423d Security Forces Squadron advance their position during a field training exercise at Stanford Training Area, England, Aug. 17, 2022. Instructors from the 820th Base Defense Group and 435th Security Forces Squadron Ground Combat Readiness Training Center, conducted the exercise to evaluate and bolster the combat readiness skills of the defenders from the 423d SFS. (U.S. Air Force photo by Staff Sgt. Eugene Oliver)
This work, Security forces units use FTX to hone combat readiness [Image 36 of 36], by SSgt Eugene Oliver, identified by DVIDS, must comply with the restrictions shown on https://www.dvidshub.net/about/copyright. | https://www.dvidshub.net/image/7387179/security-forces-units-use-ftx-hone-combat-readiness | 2022-08-25T11:05:43Z | dvidshub.net | control | https://www.dvidshub.net/image/7387179/security-forces-units-use-ftx-hone-combat-readiness | 1 | 1 | green-iguana-35 | null |
WASHINGTON — Millions of Americans are waking up with less debt today after President Biden authorized some limited student loan forgiveness.
So who qualifies? When will the debt relief post to your account, and how much will all of this cost taxpayers?
AMOUNT FORGIVEN
$10,000 worth has been authorized to be forgiven by President Biden.
However, only Americans with federal student loan debt who make under a certain income threshold qualify. Private loans do not qualify for forgiveness.
If you file your taxes as an individual and make under $125,000 annually, you qualify.
Couples who file their taxes jointly qualify if they make under $250,000. Each partner would be eligible for $10,000 worth of forgiveness.
The Department of Education is working on setting up an online application so you can claim your relief over the coming weeks.
If you were a Pell grant recipient in college — typically given to students from families earning less than 60 thousand a year — you are eligible for $10,000 more in additional forgiveness.
Current college students with federal loans are eligible too.
CRITICISM
The President is facing backlash for the move, however. There is no help for Americans who have already paid off their debt, on their own.
Conservatives say this forgiveness will make inflation worse. Many progressives believe the president could have forgiven even more debt.
"It's complicated, and there is a lot of dollars in play," Will McBride, an analyst with the Tax Foundation, said.
His worry? This will cost taxpayers and the deficit.
McBride says the President recently signed new legislation cutting the deficit by $300 billion. Forgiveness is going to cost taxpayers over $200 billion.
"We just had something passed called the Inflation Reduction Act this past week, and the whole argument about how it will reduce inflation is that it will reduce deficits," McBride said.
The pause on student loan payments has cost taxpayers around $120 billion. The pause for the rest of the year will result in that figure being even higher.
This is not the end of the student loan debate. Expect President Biden's order to face legal challenges -- challenges that may take years.
WHEN WILL PAYMENTS BEGIN?
If your debt wasn't wiped out with forgiveness, you will soon have a student loan payment.
Americans haven't paid federal student loan payments since March 2020, but the payments will begin again in January.
Monthly payments will be lower this time around, though.
For Americans on income-based repayment plans, payments will only be 5% of the borrower's monthly salary. Right now, it's 10%. | https://www.wtxl.com/news/national-politics/what-happens-next-after-president-bidens-student-loan-announcement | 2022-08-25T11:06:03Z | wtxl.com | control | https://www.wtxl.com/news/national-politics/what-happens-next-after-president-bidens-student-loan-announcement | 1 | 1 | green-iguana-35 | null |
HILO-- "Put the knife down," the officer warns, but the man approaches
"I will shoot you if you don't put the knife down," the officer continues to yell.
The man continues.
2 shots are fired, and the man falls to the ground screaming, several other officers arriving on scene.
The suspect would later be immobilized by an electric gun. Would an officer ever deploy the electric gun first in that situation?
Experts say training protocols address this.
"That gentleman had a knife in his hand. And was charging after the officers. That is deadly force. They can not respond with anything less at that moment. When they had other officers there. And they had officers with their firearms out. At that point, because it was safer, they could then utilize the taser," Raymond Craig told KITV.
Craig, a retired law enforcement officer who now runs Smartraining Hawaii, says the video shows officers working in step to disarm the suspect.
"Taser, Taser," one calls out.
Police chief Paul Ferreira said in a statement, "The suspect is identified as Jordan Cacatian, male 41. Who has had numerous police contacts prior to this incident." Chief Ferreira described the suspect as having lacerations to wrists and having shattered a bone in the lower part of his leg from the gunshot wounds.
The suspect was fortunate to be alive, in stable condition following surgery. But was the intent to shoot the suspect in the leg? Not per training, Craig says.
"It's never to go for that. It's always to go for center mass of the largest area which would be here (torso), that needs to stop the person and get them the help that they need."
So why the shot to the legs?
"Because he's moving backward, a little less control. So he was able to maintain control and still be accurate. I commend that restraint. But it did hit the leg, which worked. Nothing wrong with that at all. I commend their training," Craig concluded. | https://www.kitv.com/news/body-camera-shows-events-of-officer-involved-shooting-in-hilo/article_7798f306-245b-11ed-afea-1fb87ada16cf.html | 2022-08-25T11:07:09Z | kitv.com | control | https://www.kitv.com/news/body-camera-shows-events-of-officer-involved-shooting-in-hilo/article_7798f306-245b-11ed-afea-1fb87ada16cf.html | 1 | 1 | green-iguana-35 | null |
Over the last week a number of sewage overflows were recorded across the Kent coast, with seven concurrent pollution warnings issued at one stage. These overflows have been occurring for some time now, and have caused quite a stir across the county, particularly amongst the coastal communities.
Last week, seven pollution warnings were issued at beaches within Folkestone, Whitstable and Sheerness. Southern Water noted that such releases were likely to impact water quality in the area.
However, some may be unaware of exactly what they are, or why and when they occur. As all of Kent’s beaches are safe to swim in once again, now is a perfect time to get all of those questions answered.
Read more: Public warned as toxic algae seen in River Medway
What are sewage releases?
Officially known as Combined Sewer Overflows, these discharges consist of both sewage water and rainwater, meaning they are likely to impact the water quality in the areas they are released in. Such discharges are carried out in order to reduce the risks of damage from flooding.
Here, excess water is deposited from the county’s sewage network into the sea when the risk of flooding is high. Southern Water has stated that these releases are heavily diluted, typically being 95 per cent water.
Why did sewage overflows occur last week?
It is no secret that this has been a particularly hot and dry summer, with record-breaking temperatures recorded and rainfall levels at a remarkable low. What this has ultimately meant, is that the earth has been too dry to effectively absorb water.
Therefore, when rainfall did finally arrive in Kent last week, a substantial risk of flooding was created as a great volume of water worked its way into the county’s drain networks, rather than the ground.
In order to reduce the damage risk from flooding, Southern Water carried out several sewage discharges along the Kent Coast. Releases were recorded at the following locations:
Folkestone Beach
Hythe Beach
Leysdown Beach
Sandgate Beach
Sheerness
Tankerton Beach
West Beach, Whitstable
What Southern Water had to say
A spokesperson for Southern Water said: “This week’s heavy rain has fallen onto parched ground that can’t absorb surface run-off, meaning that more rain than usual has overwhelmed our network. This led to some overflows – which are used to protect homes, schools, businesses and hospitals from flooding – spilling excess water into the sea.
"These discharges are permitted and regulated by the Environment Agency, and are heavily diluted, typically being 95 per cent rainwater. We are dedicated to significantly reducing storm overflows and are running innovative pilot schemes across the region to reduce the amount of rainfall entering our combined sewers by 2030.”
Are Kent’s beaches safe now?
After several days where the public was urged to avoid several key Kent beaches, all seems clear along the coast now. Currently, there are no pollution warnings in place at any coastal Kent location, with both Surfers Against Sewage and Southern Water recording no such incidents at present.
While no discharges are currently active, these releases have been a thorn in the side of many along the coast for some time. A number of groups have campaigned tirelessly to see these releases halted altogether.
Save Our Seas Ramsgate is one such group that has organised protests and demonstrations against the actions of Southern Water. SOS Ramsgate went on to hold a demonstration along Ramsgate’s beaches last October, which received a great deal of support from the local community.
They have also successfully organised a public meeting attended by Southern Water CEO Ian McAulay and chief environment officer Dr Toby Willison. Here, concerns were raised and questions answered, with substantial forward steps made to address the situation.
Get more news from KentLive straight to your inbox for free HERE .
Read next: | https://www.kentlive.news/news/kent-news/everything-you-need-know-sewage-7507671 | 2022-08-25T11:08:27Z | kentlive.news | control | https://www.kentlive.news/news/kent-news/everything-you-need-know-sewage-7507671 | 1 | 1 | green-iguana-35 | null |
People in Thanet are amongst the most likely of anywhere in Great Britain to be impacted by a crackdown on Universal Credit. Both Tory leadership candidates, Liz Truss and Rishi Sunak, have recently promised a crackdown on claimants.
Nationally, 41.0% of all people on Universal Credit were in work as of June 2022, the latest date available. In Thanet, it’s slightly lower at 37.0%.
For this reason, any crackdown on Universal Credit is likely to hit Thanet harder than most places in the country. 12.6% of the local population in Thanet were on Universal Credit in July.
Read more: New housing boss reveals only 36 homes for social rent were delivered in Tunbridge Wells in 5 years
The subject of benefits has become a hot topic in the Conservative Party leadership race, with both candidates promising a crackdown on claimants. However, while attacks on bogeyman ‘benefit scroungers’ may prove popular with Tory party members voting in the upcoming leadership race, the stereotype of benefit claimants - like most stereotypes - is somewhat out of date and inaccurate.
At a hustings in Belfast, Rishi Sunak promised an end to ‘light touch’ work search, saying: “Ultimately, it's your taxes and someone who's working very hard’s taxes that are paying for that.” Liz Truss, meanwhile, responded to calls to “fix the benefits system” by saying she would “change the incentives” under the benefit to push more people into work.
Thanet has the 23rd highest percentage of people on Universal Credit of any local authority in Great Britain. Gravesham has the next highest ratio in our country at 9.7%.
However, things are very different elsewhere in Kent, with just 4.7% of the population of Sevenoaks on Universal Credit, the lowest ratio in the whole county. In Tonbridge and Malling the ratio is 5.4%, in Tunbridge Wells it’s 5.6%, and in Canterbury it’s 6.8%.
By comparison, Blackpool has 15.7% of its population on Universal Credit, which is the highest proportion of any local authority in Great Britain. That’s followed by Hartlepool (14.6%), Middlesbrough (14.3%), Newham (14.3%), and Burnley (14.1%).
The cost of living crisis is impacting people in Kent with the threat of homelessness. Kent’s largest charity for homeless and vulnerable people, Porchlight, reports that the cost of renting is higher than many other parts of England. For example, between October 2020 and September 2021, the average monthly private rent for a two-bed property in Kent was £860. For England in general, it was £750.
On top of this, residents in Kent are facing the same issues as the rest of the country with wages not increasing in line with the cost of earning. In fact, in six local authorities (Ashford, Folkestone & Hythe, Gravesham, Maidstone, Swale and Thanet), resident earnings are below the national average.
Percentage of population on Universal Credit:
- Thanet // 12.6%
- Gravesham // 9.7%
- Swale // 9.4%
- Medway // 9.3%
- Dover // 9.2%
- Folkestone and Hythe // 8.3%
- Ashford // 7.9%
- Dartford // 7.7%
- Maidstone // 7.2%
- Canterbury // 6.8%
- Tunbridge Wells // 5.6%
- Tonbridge and Malling // 5.4%
- Sevenoaks // 4.7%
Percentage of Universal Credit claimants in work:
- Dartford // 45%
- Tonbridge and Malling // 44%
- Ashford // 42%
- Gravesham // 42%
- Maidstone // 42%
- Tunbridge Wells // 42%
- Medway // 40%
- Sevenoaks // 39%
- Canterbury // 39%
- Dover // 38%
- Folkestone and Hythe // 38%
- Swale // 38%
- Thanet // 37%
Read more:
Sports Direct code allows parents to get £50 school shoes for £4.50
Man becomes a hoarder after losing family in crash
Public warned as toxic algae seen in River Medway between Tonbridge and Yalding
'Cheaper' food aisle at Tesco, Asda, Sainsbury's and Morrisons could help shoppers save
Shell Energy company to pay out £500,000 after overcharging customers | https://www.kentlive.news/news/kent-news/kent-areas-most-dependent-universal-7508087 | 2022-08-25T11:08:37Z | kentlive.news | control | https://www.kentlive.news/news/kent-news/kent-areas-most-dependent-universal-7508087 | 1 | 1 | green-iguana-35 | null |
Two teenage boys fled after being followed by a 'creepy' stranger in a clown mask along Hampton Pier. The pair were left shaken but unhurt by the incident.
Kent Police were called to the scene but found no trace of the masked individual on the evening of Monday, August 22. There has only been one incident of such behaviour reported this week.
Writing on Facebook, the mum of one of the boys said: “My 17-year-old son has just come home with his friend and they have both been followed along Hampton Pier to just past the park by someone dressed in a full clown outfit.
”They were acting strangely, walking fast behind them, hiding and crouching behind the sea wall [and] acting creepily like they were acting out a killer clown.
“My son and his friend hid for a couple of minutes, and this clown was stood by the park along the sea wall swaying side to side. They ran home. They tried to video it but it was too dark.”
The incident took place in Western Esplanade in Herne Bay and is not the first time that Kent residents have been chased or followed by people wearing clown masks. In fact, there have been three separate occurrences of similar events in recent years.
Read more: Hour by hour rain forecast as thunderstorm warning sits over Kent
Kent Police confirmed to Kent Live that officers had been called to the scene. However, they state that no offences have been identified.
"Kent Police was contacted at 11.20pm on Monday 22 August 2022 and it was reported that, at around 10.10pm that evening, two teenage boys had been followed by a person in Western Esplanade, Herne Bay," the statement from Kent Police reads.
"The person did not attempt to speak to the boys and no offences have been identified. A local patrol carried out a search of the area but no one matching the description was located.
Resident Em Donegan shared news of the incident in a post on Facebook, writing: "Weird clown stalking people here at the seaside in Herne Bay." In the comments, she expressed her concern, saying "Strange people around these days".
This is not the first time that Kent has been plagued with so-called 'killer clowns'. In 2018, two boys in Dartford were chased and yelled at to "run or die" by a masked man with a knife.
Much like the more recent incident, police were once again called but found no trace of the person. Even before that, there were two previous similar occurrences, one in Gravesend and one in Canterbury.
Read more:
Public warned as toxic algae seen in River Medway between Tonbridge and Yalding
Man stabbed to death in Tonbridge named and pictured as two teenagers charged with murder
Sevenoaks driver's rare car destroyed after being rear-ended by BMW in M25 crash
Red flags put up at Folkestone beach after families flee huge 'shark' spotted in water
Facebook users report issues with newsfeed bombarded by random celebrities | https://www.kentlive.news/news/kent-news/teenage-boys-flee-after-being-7508207 | 2022-08-25T11:08:47Z | kentlive.news | control | https://www.kentlive.news/news/kent-news/teenage-boys-flee-after-being-7508207 | 1 | 1 | green-iguana-35 | null |
A yellow weather warning for thunderstorms is currently in place over Kent. But the hosepipe ban is still in place despite the heavy rain forecast for the coming week and bank holiday.
Hosepipe bans are currently in place for all Thames Water and South East Water customers in Kent. This means they are prohibited from watering gardens, lawns, filling up a pool, or washing their cars or windows.
Yet with heavy rain forecast, when will this ban be lifted? The driest summer since 1976 has left reservoir, groundwater, and river levels running dangerously low with a “prolonged and significant rainfall” needed to replenish supplies.
Read More: Kent weather: Heavy showers to kick off bank holiday but temperatures will climb
How long will the hosepipe ban last in Kent?
How long the hosepipe bans continue will be down to the weather over the next few weeks. A Thames Water representative told the BBC: "We need prolonged and significant rainfall. We'll be monitoring our water levels carefully."
Despite the heavy rain forecast in parts of Kent for the upcoming week and bank holiday, the long term forecast is still expected to be drier than average for August and September. Thames Water said in a statement: “We've been working around the clock to supply everyone, and customers have been brilliant at saving water where they can. But, with low rainfall forecast for the coming months, we now need to take the next step in our drought plan."
When was the hosepipe ban introduced in Kent and why?
The Thames Water temporary hosepipe ban was implemented yesterday (August 24). The company said they had taken the decision due to “no prospect of significant rain forecast by the Met Office”.
Groundwater levels are “below normal” and declining in the regions covered by Thames Water, it stated. Reservoir storage levels in London and Farmoor, in Oxfordshire, have also “reduced significantly” to “levels not seen for around 30 years”.
South East Water also announced a temporary hosepipe ban on August 12. It stated the ban was due to the “driest July in Kent since records began” and the “lowest rainfall in Sussex since 1911”.
David Hinton, Chief Executive Officer of South East Water, said in a statement: “This has been a time of extreme weather conditions across England with us experiencing the driest start to the year since 1976. During July in the South East, we have only seen eight per cent of average rainfall for the month.
“As the long-term forecast for August and September is for similar weather we are taking this step to introduce temporary restrictions on the use of hosepipes and sprinklers to make sure we have enough water for our customers’ essential use, ensure we can serve our vulnerable customers and to protect the local environment.”
He added that the lack of rainfall had left local water sources “stressed” as underground water aquifers were at a below average level. This also places “considerable pressure” on the surrounding environment that relies on the water source.
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- Herne Bay: How £13million 'levelling up' fund bid is set to transform town | https://www.kentlive.news/news/kent-news/uk-still-needs-hosepipe-bans-7507725 | 2022-08-25T11:08:57Z | kentlive.news | control | https://www.kentlive.news/news/kent-news/uk-still-needs-hosepipe-bans-7507725 | 1 | 1 | green-iguana-35 | null |
The British Isles are notorious for its treacherous waters, and the Kent coast is certainly no different. Many holiday-goers have visited the Port of Dover, with it being Europe's busiest ferry port.
The Port manages £119 billion worth of trade and has been the frontline not only now, but also historically. The Kent coast is not only the home of Europe's busiest ferry port but also the SS Montgomery, an abandoned shipwreck of a WW2 American Liberty ship, filled with around 1,400 tonnes of TNTN explosives, near Sheerness.
But it transpires that SS Montgomery isn't the only hazard in Kent's waters - just six miles off the coast of Deal lies the biggest danger of the lot, reports The Express.
Read more: My forlorn quest to locate Cate Blanchett at her Crowborough mansion on the Kent border
The Goodwin Sands is a 10 mile long sandbank, where seals bask at low tide, where annual cricket matches were once held and where brave runners have raced against one another. Yet, it is the notorious reputation of the Goodwins as one of the most treacherous spots in the English Channel that it is best known for.
Marine archaeologist Dan Pascoe told The Express: “It’s a ship swallower. That’s what I like to call it. What happens is, you’ve got these sands that are sandbanks which can be 20 metres deep with sand, and that’s moving.
“So when a ship hits it, it normally hits the top of the sand, but the weight of the shipwreck sinks into the sand until it hits the chalk bedrock 20 metres below.” Mr Pascoe added: “Now, for hundreds of years that shipwreck had been covered.
“But the Goodwin Sands is a mobile sandbank, it’s constantly moving. So when the sand moves away, you have this shipwreck that’s lying on the chalk bedrock. And in some cases it can be really complete — like the Stirling Castle back in 1979 when that came out.”
Lying in one of the world’s busiest shipping lanes, the Goodwins have posed a serious threat to shipping since seafaring began. The lack of navigational aids in earlier days contributed enormously to the ships that would meet their fate at the Goodwins.
The glutinous nature of the Goodwins ensures ships that hit the sand soon sink into a watery grave. The ship’s back often breaks first, before it disappears beneath the sand.
Some 2,000 shipwrecks have been recorded, although the true number is believed to be nearer to 3,500. As many as 50,000 people are believed to have drowned there, including hundreds of Second World War airmen.
The Great Storm of 1703 proved to be one of the deadliest nights. The destructive, extratropical cyclone struck central and southern England on November 26, 1703. Ships were blown hundreds of miles off-course, with one ship even found 15 miles inland.
At least 13 men-of-war and 40 merchant vessels were lost at the Goodwins that night, with the loss of 2,168 lives. Among those wrecked included the HMS Northumberland, HMS Restoration and the HMS Stirling Castle.
All three of these are among the multiple protected wrecks at the site, identified for special protection by Historic England under the Protection of Wrecks Act 1973. The Stirling Castle was a particularly significant wreck, given how well it was preserved when it was discovered by local divers in 1979.
Fiona Punter, trustee at the Goodwin Sands Conservation Trust, told The Express: “The Stirling Castle was found at the same time as the Mary Rose in Portsmouth.” She said it was in “better repair” than the iconic ship.
Ms Punter continued: “You could walk down the steps into it. It was a perfect ship on the seafloor.” Mr Pascoe added: “It was a complete wooden warship with 70 guns, lying on its keel, upright, guns still pointing out of the gun ports, and that sank in 1703.”
By 1981, fresh sediment was beginning to cover the wreck again. Part of the wreck has since collapsed and destabilised. Some of the Second World War wrecks are particularly well preserved too.
Mr Pascoe said: “A recent one that was recovered was the Dornier Do 17 [a light bomber used by the German Luftwaffe], and you’ve got others out there too. There’s another one — a Junkers 88 that’s lying upside down.
“You can see the wings, you can see the propellers, the engines. You can see that the doors are open.
“There’s submarines, Second World War submarines, German ones just sitting there complete.” Ms Punter said the Goodwins has the highest level of shipwrecks and lost maritime archaeology in the whole of Europe, possibly even the world.
Yet, so much of what is there remains unknown as technology is not advanced enough yet. Some of this history could simply be destroyed in an instant if planned dredging goes ahead.
Millions of tonnes of sand and gravel face being dredged from the site, as part of plans to extend the port of Dover. Teams would not go near the protected wrecks, as they have a protection zone around them, but hundreds more remain at risk.
Ms Punter said: “We had a diver out three summers ago and he came back with video footage of a World War 2 bomber that no one knew was there. “And that was actually on the line of the dredge zone. It was in the original dredge zone but they modified it. If they hadn’t modified it, that bomber would go. They’d dredge it up.”
The “brutal” dredging process, as Mr Pascoe referred to it, sucks up the sand, only stopping if something is jammed. Wooden structures, he said, would simply be destroyed.
Ms Punter and her fellow trustees at the Goodwin Sands Conservation Trust are fighting to stop any further dredging at the site, and ensure that the Goodwins are conserved for future generations.
She said: "There’s great differences between conservation and preservation. It will be the conservation that we’re after, so that it’s there for future generations when the technology is there to find out what is hidden there without damaging it.”
She finished: “That’s really the long term aim ‒ to make sure that they’re not hurt, and to make sure that everyone, everyone in east Kent, knows about the Goodwins as much as they do about the White Cliffs of Dover.
"The White Cliffs are national icons, we’d like the Goodwins to be that too.”
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All of the Kent areas not affected by the hosepipe bans this month
Former Gurkha soldier who lost both legs in Afghanistan set to climb Everest | https://www.kentlive.news/news/nostalgia/goodwin-sands-sandbank-ship-swallower-7507477 | 2022-08-25T11:09:07Z | kentlive.news | control | https://www.kentlive.news/news/nostalgia/goodwin-sands-sandbank-ship-swallower-7507477 | 1 | 1 | green-iguana-35 | null |
5. Final beam placed
After more than four years, the final beam is in place and the Interstate 66 Express and Route 28 interchange is almost done.
4. Worst stadium
FedEx Field, home to the Washington Commanders, has been ranked as the worst stadium in the NFL, according to USA Today.
3. Sunny with a chance of showers
Temperatures will reach a high of about 90 degrees today with mostly sunny skies. Evening brings a chance of thunderstorms. Click here for a detailed forecast by ZIP code.
2. Abduction attempts
Police in Fairfax and Prince William counties are investigating two disturbing incidents involving strangers and children over the past few days.
1. Public hearing
The controversial proposed PW Digital Gateway has officially been scheduled for a public hearing.
InsideOut
An exhibit by North Carolina painter and illustrator Scott Eagle is on display at the ARTfactory in Manassas until Sept. 10. | https://www.insidenova.com/headlines/infive-final-beam-placed-for-i-66-interchange-worst-stadium-and-late-storms-possible/article_e7507c6e-244c-11ed-a738-77caf76039b2.html | 2022-08-25T11:09:12Z | insidenova.com | control | https://www.insidenova.com/headlines/infive-final-beam-placed-for-i-66-interchange-worst-stadium-and-late-storms-possible/article_e7507c6e-244c-11ed-a738-77caf76039b2.html | 1 | 1 | green-iguana-35 | null |
Post Office workers are due to go on strike this weekend. But how will it affect the post in Kent?
Thousands of staff who are members of the Communication Workers Union (CWU) working for Royal Mail and ParcelForce Worldwide will stage a walkout on August 26 and 31. A seperate strike by some Post Office workers has also been announced for August 26 and 27. The dispute is over an escalating row over pay and the 24-hour action is expected to impact Crown Post Offices which are the larger branches on all three dates.
The strikes will impact posting letters and parcels, drop & go, travel money, banking and some identity services such as passports. But the Post Office has assured people that 99% of the network will remain open during the strike action.
READ MORE: Man and two women subjected to 'violent attack' in Dartford alleyway
Will letters still be delivered?
Parcels and letters will still be sent as normal from sub-post-offices and WH Smith stores. You can also use the branch finder tool here to help you find your nearest shop.
You can also check the opening hours and contact them directly. On the days of strike action, the Royal Mail claims it will deliver as many special delivery and tracked 24 parcels as possible.
It will also prioritise the delivery of COVID test kits and medical prescriptions. It will not be delivering letters, except for special delivery.
Any items posted the day before, during or in the days after the strike action will be delayed. Royal Mail said it cannot guarantee delivery of all special items by 9am or 1pm.
The company said in a statement: "Royal Mail has well-developed contingency plans, but they cannot fully replace the daily efforts of its frontline workforce. We will be doing what we can to keep services running, but customers should expect significant disruption.”
What should I do if I have to post a letter?
The Royal Mail advises that you post items as early as possible in advance of the strikes. Also you should continue to post items at post boxes or offices but be aware that collections will be less frequent on days when strike action is happening.
If it is a matter of importance then the best bet would be to send it special delivery. You could also use a courier service such as DHL instead if you need to post something bulkier.
When are the strikes?
The full list of planned strikes are:
- Friday 26 August
- Wednesday 31 August
- Thursday 8 September
- Friday 9 September
List of Post Offices affected by the strikes near Kent
- South Ockendon - Essex
- Bexhill On Sea - Sussex
- Melville Road - Sussex
Full list of Post Office branches across the UK affected by the strikes
- Antrim
- Bangor
- Belfast City
- Edinburgh City
- Glasgow
- Haddington
- Inverness
- Kirkwall
- Londonderry
- Newtownards
- Saltcoats
- Springburn Way
- Stornoway
- Wester Hailes
- Barnes Green
- Bransholme
- Bridlington
- Chester Le Street
- Crossgates
- Eccles
- Furness House
- Grimsby
- Hyde
- Kendal
- Manchester
- Morecambe
- Morley
- Poulton Le Fylde
- Prestwich
- Rotherham
- Salford City
- Sheffield City
- South Shields
- St Johns
- Sunderland City
- The Markets
- Birmingham
- Breck Road
- Caernarfon
- Didsbury Village
- Harlesden
- Kettering
- Kingsbury
- Leigh
- Leighton Buzzard
- Matlock
- Milton Keynes
- Northolt
- Old Swan
- Oswestry
- Oxford
- Redditch
- Southall
- St Peters Street
- Stamford
- Stockport
- Wealdstone
- Barnet
- Cambridge City
- Canning Town
- Cricklewood
- Dereham
- Golders Green
- Hampstead
- Harold Hill
- Kilburn
- Kingsland High Street
- Lower Edmonton
- Roman Road
- South Ockendon
- Stamford Hill
- Bideford
- Dunraven Place
- Gloucester
- Liskeard
- Merthyr Tydfil
- Mutley
- Nailsea
- Newquay
- Paignton
- Port Talbot
- Stroud
- Teignmouth
- Yate Sodbury
- Baker Street
- Bexhill On Sea
- Cosham
- Great Portland Street
- High Street (10)
- Kensington
- Knightsbridge
- Melville Road
- Paddington Quay
- Portsmouth
- Raynes Park
- Romsey
- Westbourne
- Windsor
- Worlds End
- Aldwych
- Brixton
- Broadway
- City of London
- Clapham Common
- East Dulwich
- Eccleston Street
- High Holborn
- Houndsditch
- Islington
- Kennington Park
- London Bridge
- Lupus Street
- Mount Pleasant
- Vauxhall Bridge Road
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- Herne Bay: How £13million 'levelling up' fund bid is set to transform town | https://www.kentlive.news/news/uk-world-news/royal-mail-post-office-strikes-7500528 | 2022-08-25T11:09:17Z | kentlive.news | control | https://www.kentlive.news/news/uk-world-news/royal-mail-post-office-strikes-7500528 | 1 | 1 | green-iguana-35 | null |
A couple of years after retiring from a decades-long career of coaching men’s college basketball, Webb Hatch recently returned to the collegiate bench to be in charge, if only for a very brief stint.
Over a three-day, three-game period, Hatch, now 75 and the former men’s head coach at Marymount University, was the head coach of the Portsmouth Sports Club team at the recent and annual Portsmouth Invitational Tournament. The competition, which has been held 68 times, is a showcase event for college seniors who have exhausted their collegiate eligibility.
Some 100 scouts from the National Basketball Association and other professional leagues attended the tournament. The competition is held inside the 4,000-seat Churchland High School gymnasium in Portsmouth.
“It’s a big event in the area, it was fun and I was glad to have the opportunity to be involved,” said Hatch, who lives in Virginia Beach. “It was a learning experience, and I hope to coach again in 2023.”
Hatch, who was hired at Marymount to begin the men’s basketball program 35 years ago this coming season, inquired about coaching in the invitational two years ago. When a head-coaching opportunity opened for the 2022 event, he was offered the position.
Hatch explained the teams of players are allowed only a one-hour practice prior to the first game. His Portsmouth Sports Club squad only got just 30 minutes because of a gym-use conflict.
Portsmouth Sports Club finished 0-3 in the event, losing three close games and shooting just 33 percent from the field for the competition.
“We had our chances in all three games, but shot poorly,” Hatch said. | https://www.insidenova.com/sports/former-marymount-coach-back-on-the-bench/article_fa416a0c-2408-11ed-b35d-63658fdb8204.html | 2022-08-25T11:09:18Z | insidenova.com | control | https://www.insidenova.com/sports/former-marymount-coach-back-on-the-bench/article_fa416a0c-2408-11ed-b35d-63658fdb8204.html | 1 | 1 | green-iguana-35 | null |
One head coach and a number of players recently were chosen girls high-school All-American by USA Lacrosse.
Madison High School head coach Jean Counts was selected as a Coach of the Year.
Players chosen All-American were Madison’s Jordon Condon (mid-fielder); Oakton’s Aly Yee-Jenkins (mid-fielder); and from Langley, Julia Day (attack), Keelin Byrne (defender) and Sarah Waits (mid-fielder). Langley’s Caroline Senich was chosen an all-academic midfielder.
Madison and Langley were top teams in district and region competition during the spring season. | https://www.insidenova.com/sports/lacrosse-players-coach-chosen-all-american/article_b5b78204-2408-11ed-8308-7ffb02ae046d.html | 2022-08-25T11:09:24Z | insidenova.com | control | https://www.insidenova.com/sports/lacrosse-players-coach-chosen-all-american/article_b5b78204-2408-11ed-8308-7ffb02ae046d.html | 1 | 1 | green-iguana-35 | null |
The cost of living is continuing to rise in the UK and it is becoming more important than ever to make sure you are getting more for your money. In an attempt to survive the rising living costs, many households are looking to cut their spending where possible.
It may come as a surprise that you could save money while shopping for staple food items by simply looking on a different aisle. An aisle filled with treats from around the world has been incorporated into most supermarkets, and these often include staple items for a fraction of the price, the Echo reports.
Unless you are looking for a specific item, shoppers may avoid browsing these aisles ordinarily. But it has been pointed out that they could be missing out on some bargains.
READ MORE: Shell Energy company to pay out £500,000 after overcharging customers
The world foods section is home to a huge range of items including spices, grains, condiments, drinks and tinned products like coconut milk and tomatoes. Tesco, Asda, Sainsbury's and Morrisons all have their own versions of the world foods aisle and stock similar products.
After analysing the world foods section at Morrisons, we found that it works out a lot cheaper per gram compared to more 'reached-for' supermarket options. A bottle of Blue Dragon Thai sweet chilli sauce for example, found in the condiment aisle, is £2.50 for a 380g bottle (£0.59p per 100ml).
However, the lesser-known brand in the world foods aisle, Healthy Boy sweet chilli sauce, is £2.25 for 750ml, or £0.32 per 100ml. Spice mixes can also be bought for £1.
Using the price per unit is the best way to figure out if you are making a saving. While a lot of the foods in the aisle come in larger portions, but they keep for a lot longer.
To prove just how much cheaper the section can be we broke down the key ingredients of a korma (excluding the protein) and compared it to other brands that Morrisons stock:
World foods section
- Indus Korma seasoning mix £1 for 50g
- KTC tin of chopped tomatoes 55p (£0.13 per 100g)
- Fudco Almonds £6.75 for 500g (£1.35 per 100g)
- Island Sun coconut milk £1 for 400ml
- Badshah Basmati Rice £3.50 for 2kg (£1.75 per kg)
Non world foods section
- Schwartz Korma powder £1.10 for 100g
- Napolina tinned tomatoes £1 (£0.25 per 100g)
- Morrisons almonds £2.49 for 200g (£1.25 per 100g)
- Blue Dragon coconut milk £2 for 400ml
- Morrisons Basmati Rice £1.25 for 500g (£2.50 per kg)
Of the five ingredients we compared, three items found in the world foods section were cheaper. The non-world food brands that were cheaper was the pack of Morrisons almonds, which came in at 10p cheaper per 100g, and the Schwartz Korma Powder.
The food aisle is also a great alternative if you or someone at home likes free-from products. It's important to note that not every item stocked in the aisle is cheaper. For example, the American candy has a heavy price hike due to import costs.
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Read next: | https://www.kentlive.news/whats-on/shopping/cheaper-food-aisle-tesco-asda-7507495 | 2022-08-25T11:09:28Z | kentlive.news | control | https://www.kentlive.news/whats-on/shopping/cheaper-food-aisle-tesco-asda-7507495 | 1 | 1 | green-iguana-35 | null |
Unity Reed senior Amare Campbell announced his commitment Wednesday night to the University of North Carolina.
Campbell made the announcement at Unity Reed.
Campbell chose the Tar Heels over his other two finalists, Maryland and West Virginia.
"The overall love from UNC was just so overwhelming, I loved it," Campbell said.
Campbell said he plans to sign with North Carolina in December, graduate early and then enroll in college in January. Campbell is the first local player to commit to North Carolina since Woodbridge graduate Kyree Campbell in 2015.
Campbell said he chose to commit Wednesday since it's five days away from his birthday on Aug. 29th. He also wanted to do it as a way to generate some season-opening hype. The Lions host Westfield Friday at 7 p.m.
Campbell recorded 100 tackles, 4.5 sacks and 18 tackles for loss in 2021. He takes over the middle linebacker position for the graduated first-team, all-state pick Shawn Murphy (a freshman at Alabama).
Campbell also is a returning starter at tight end. | https://www.insidenova.com/sports/prince_william/unity-reeds-amare-campbell-commits-to-north-carolina-for-football/article_753695ea-2461-11ed-b679-d709422c4c9d.html | 2022-08-25T11:09:30Z | insidenova.com | control | https://www.insidenova.com/sports/prince_william/unity-reeds-amare-campbell-commits-to-north-carolina-for-football/article_753695ea-2461-11ed-b679-d709422c4c9d.html | 1 | 1 | green-iguana-35 | null |
With the new school year fast approaching, many parents are in a final rush to buy school uniforms and shoes for their kids. And as the cost of living crisis continues to bite, people are keen to make whatever savings they can.
So Sports Direct have launched a time-limited code on selected school shoes to help parents out when getting their kids ready for the start of term, Manchester Evening News reports. The great thing about the code is that it can be used on sale items, meaning that some shoes can be bought for less that a fiver.
The number of web searches for affordable school shoes are up 120% according to Google Trends data. It comes as research commissioned by Sports Direct found that the average child goes through three pairs of school shoes in a year.
READ MORE: Home Bargains shoppers loving Friends joggers set selling for £10
To keep costs down, parents should have a look at this pair of Lee Cooper school shoes, which normally cost £49.99. The black leather shoes are at 90% off in the sale, taking them to £4.99, which drops to just £4.50 when you add the discount code SCHOOLSHOES10.
There are other shoes in the sale that can be bought for less than a tenner, such as these Tiffin embroidered girls shoes down from £36 to £9, with an extra 90p off with the code. This smart pair from Firetrap is also £9, down from £44.99.
David Clark, Digital Director at Sports Direct says: "Back to school is a key period for parents, with many making school uniform purchasing decisions, in a tough financial climate.
"We know the trials and tribulations that come with school uniforms and through our huge online offering, we’re committed to providing products that give parents peace of mind all day, every day."
The discount is available until August 31.
READ NEXT: | https://www.kentlive.news/whats-on/shopping/sports-direct-code-allows-parents-7507131 | 2022-08-25T11:09:38Z | kentlive.news | control | https://www.kentlive.news/whats-on/shopping/sports-direct-code-allows-parents-7507131 | 1 | 1 | green-iguana-35 | null |
SOUTH KINGSTOWN, R.I. (WPRI) — A North Kingstown man, and former Newport firefighter, accused of driving drunk and causing a head-on crash that killed one teenager and injured another is set to face a judge on Thursday.
Alexander Krajewski, 30, is due to be arraigned on upgraded charges of driving under the influence resulting in death, driving to endanger resulting in death and two counts of driving under the influence resulting in serious bodily injury.
Matt Dennison and Kevin MacDonald, both 17, were driving to a West Warwick hockey rink back in February when Krajewski hit their car on Ted Rod Road in Exeter, according to police.
Dennison died from his injuries on March 10, while MacDonald broke his arm and femur. He had a 20-inch rod put in his leg, along with two metal plates.
Dennison was the captain of the West Warwick/Exeter-West Greenwich High School hockey team alongside MacDonald.
Friends, family and supporters of both Dennison and MacDonald are expected to appear at court to stand in solidarity and show support for both teens. | https://www.wpri.com/news/local-news/south-county/man-charged-with-dui-in-crash-that-killed-teen-to-appear-in-court/ | 2022-08-25T11:15:59Z | wpri.com | control | https://www.wpri.com/news/local-news/south-county/man-charged-with-dui-in-crash-that-killed-teen-to-appear-in-court/ | 1 | 1 | green-iguana-35 | null |
WHO: Monkeypox cases drop 21%, reversing month-long increase
GENEVA (AP) — The number of monkeypox cases reported globally dropped by 21% in the last week, reversing a month-long trend of rising infections and a possible signal the outbreak in Europe may be starting to decline, according to a World Health Organization report issued Thursday.
The U.N. health agency reported 5,907 new weekly cases and said two countries, Iran and Indonesia, reported their first cases. To date, more than 45,000 cases have been reported in 98 countries since late April.
Cases in the Americas accounted for 60% of cases in the past month, WHO said, while cases in Europe comprised about 38%. It said infections in the Americas showed “a continuing steep rise.”
In early July, just weeks before the agency declared the international spread of the disease to be a global emergency, WHO’s Europe director said countries in the region were responsible for 90% of all laboratory confirmed cases of monkeypox.
British health authorities said last week after seeing a decline in the number of new cases getting reported daily that there were “early signs” the country’s monkeypox outbreak was slowing.
The U.K.’s Health Security Agency downgraded the country’s monkeypox outbreak last month, saying there was no evidence the once rare disease was spreading beyond men who were gay, bisexual or had sex with other men.
Since monkeypox outbreaks in Europe and North America were identified in May, WHO and other health agencies have noted that its spread was almost exclusively in men who have sex with men.
Monkeypox has been endemic in parts of Africa for decades and experts suspect the outbreaks in Europe and North America were triggered after the disease started spreading via sex at two raves in Spain and Belgium.
WHO’s latest report said 98% of cases are in men and of those who reported sexual orientation, 96% are in men who have sex with men.
“Of all reported types of transmission, a sexual encounter was reported most commonly,” WHO said. “The majority of cases were likely exposed in a party with sexual contacts,” the agency said.
Among the monkeypox cases in which the HIV status of patients was known, 45% were infected with HIV.
WHO has recommended that men at high risk of the disease temporarily consider reducing their number of sex partners or refrain from group or anonymous sex.
Monkeypox typically requires skin-to-skin or skin-to-mouth contact with an infected patient’s lesions to spread. People can also become infected through contact with the clothing or bedsheets of someone who has monkeypox lesions.
With globally limited vaccine supplies, authorities in the U.S., Europe and the U.K. have all begun rationing doses to stretch supplies by up to five times.
WHO has advised countries that have vaccines to prioritize immunization for those at high risk of the disease, including gay and bisexual men with multiple sex partners, and for health workers, laboratory staff and outbreak responders.
While Africa has reported the most suspected deaths from monkeypox, the continent has no vaccine supplies apart from a very small stock being tested in a research study in Congo.
“As we know, the situation with monkeypox vaccine access is very topical, but there are not enough doses of vaccines,” Nigeria Center for Disease Control Director-General Ifedayo Adetifa said this week. Potentially, a lot more more doses will become available, but because of challenges with manufacturing factories and unexpected uptick in monkeypox cases, the vaccine may actually not be available until 2023.”
___
Chinedu Asadu in Abuja, Nigeria, contributed reporting.
___
Follow AP’s coverage of monkeypox at https://apnews.com/hub/monkeypox
Copyright 2022 The Associated Press. All rights reserved. | https://www.wave3.com/2022/08/25/who-monkeypox-cases-drop-21-reversing-month-long-increase/ | 2022-08-25T11:22:43Z | wave3.com | control | https://www.wave3.com/2022/08/25/who-monkeypox-cases-drop-21-reversing-month-long-increase/ | 1 | 1 | green-iguana-35 | null |
Funding to develop proprietary targeted alpha radiopharmaceutical pipeline for the treatment of highly prevalent cancers
CAMBRIDGE, Mass., Aug. 25, 2022 /PRNewswire/ -- Aktis Oncology, a biotechnology company discovering and developing novel classes of targeted alpha radiopharmaceuticals to treat a broad range of solid tumors, today announced it has raised a Series A Extension financing of $84 million, bringing the total capital raised to date to $161 million. The extension included participation from new premier healthcare investors Cowen Healthcare Investments, MRL Ventures Fund, the therapeutics-focused corporate venture fund of Merck & Co., Inc., ArrowMark Partners, Mirae Asset Venture Investment, Timefolio Capital (formerly known as NS Investment), Pappas Capital, and other undisclosed participants. All existing investors MPM Capital, Vida Ventures, EcoR1 Capital, Octagon Capital, TCG Crossover, Bristol Myers Squibb, and Novartis participated in the financing.
"We are gratified to have the support of an impressive array of new and existing investors who share our vision for translating the science of targeted radiopharmaceuticals into transformative patient impact," said Matthew Roden, PhD, President and Chief Executive Officer of Aktis Oncology. "This additional funding will fuel the advancement of our miniprotein programs into the clinic and enable further investment in our differentiated development capabilities as well as our end-to-end supply chain and distribution strategy."
Aktis Oncology is working at the forefront of radiopharmaceutical therapies to treat solid tumors. Aktis' proprietary technology leverages the power of potent alpha radiation to more effectively destroy cancer cells. The company is pioneering a novel approach to radiopharmaceuticals to selectively target and deeply penetrate tumors, while also clearing rapidly from the rest of the body to minimize harm to healthy tissue.
"In just two years from inception, Aktis has made impressive progress building and broadening its platforms and pipeline, enhancing its supply capabilities, and attracting highly skilled and experienced industry professionals to lead all key functional areas," said Todd Foley, Chairman of Aktis Oncology, and Managing Director of MPM Capital. "We are excited to continue our support of the leadership team in the execution of its bold strategy to bring alpha radiotherapy into the mainstream of cancer care."
Aktis also announced that in conjunction with the Series A Extension, Kevin Raidy, Managing Partner at Cowen Healthcare Investments and Jason Ruth, Partner at MRL Ventures will be joining Aktis' Board of Directors as Observers. Mr. Raidy and Dr. Ruth join the existing Board and its Observers and Scientific Advisors, which can be found on www.aktisoncology.com.
About Aktis Oncology
Aktis Oncology is a biotechnology company pioneering the discovery and development of a new class of targeted alpha radiopharmaceuticals to treat a broad range of solid tumor cancers. Founded and incubated by MPM Capital, the company has developed proprietary platforms to generate tumor targeting agents with ideal properties for alpha radiotherapy. Designed for high tumor penetration and long residence time, Aktis Oncology's molecules will quickly clear other areas of the body, thereby maximizing tumor elimination while minimizing side effects of treatment. This approach would enable clinicians to visualize and verify target engagement prior to exposure to therapeutic radioisotopes. To learn more about Aktis Oncology, visit www.aktisoncology.com.
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BETHESDA, Md., Aug. 25, 2022 /PRNewswire/ -- CULTA, Maryland's top producer of craft cannabis, today announced a partnership with Old Pal. Founded in 2018, Old Pal is a multi-state cannabis lifestyle brand that's focused on offering quality products and trusted consistency. The company focuses on value and targets consumers that are specifically looking for high-quality, fairly priced cannabis products.
"Old Pal has a proven track record of making cannabis accessible and we're excited to find new partners to serve every need of the Maryland medical patient community," said Allison Siegel, CEO at CULTA. "We believe our fresh flower and their easy-to-dose design are a winning combination."
Currently available in eight states, including Maryland, Old Pal focuses primarily on producing high-quality, beautiful cannabis at a price point that isn't cost-prohibitive to the general public. Once the Old Pal founders began to feel pushed out of a market that was only getting more expensive, the concept of Old Pal's always affordable flower was officially born.
"Our partnership with CULTA is the first time our cannabis will be available to medical cannabis patients in Maryland," said Rusty Wilenkin, CEO at Old Pal. "Through this partnership, Maryland patients will have exclusive access to Old Pal's flower and our Ready to Roll packs are a great introduction to our ethos."
As part of the Old Pal x CULTA partnership, CULTA will release a 14g Ready to Roll bag. These convenient packs have everything a medical patient needs to roll their own cannabis. Each kit will include 14g of high-quality, pre-ground cannabis, hemp rolling papers, and a crutch. The packs are resealable so patients can keep their medication fresh and are available in indica, sativa, and hybrid. And, true to the Old Pal mission statement, the Ready to Roll bags are competitively priced.
"This is actually my favorite Old Pal product," said Wilenkin. "So it only makes sense that this is the product we'd go to market with in Maryland. Our pre-ground flower is great for so many reasons. The flower is coarsely ground and easy to use, especially for patients with arthritis since there's no need to use a grinder. We're excited for new patients in Maryland to try our products."
Beginning in August, medical patients can find Old Pal products at CULTA's Baltimore dispensary, in addition to various partner dispensaries throughout Maryland.
In addition to Old Pal, CULTA has ongoing strategic partnerships with other popular companies in the cannabis space, including Cookies and Robhots, and is constantly seeking new opportunities for growth in their partnership vertical.
Born in 2015, CULTA is Maryland's premier craft quality producer of cannabis flower and cannabis extracts. We are proud and passionate cultivators, scientists, activists, musicians and global citizens. We believe in the power of cannabis to heal and for cannabis to be the catalyst for a long overdue conversation about drug reform. For many who have quietly battled chronic conditions with cannabis, it is more than a plant, it's life saving medicine and a lifestyle. To learn more, please visit www.Culta.io.
Old Pal is a multi-state lifestyle cannabis brand focused on providing value to consumers by offering quality products and trusted consistency. The brand is available through superior and dependable production and distribution through strategic partnerships within the industry. With the incorporation of culture-focused design and marketing, Old Pal has defined a much-needed new space within the industry; curating an accessible lifestyle beyond cannabis culture via brand efforts and soft goods line, Old Pal Provisions.
CULTA MEDIA CONTACT
OLD PAL MEDIA CONTACT
VP of Marketing
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SOURCE Old Pal Holding Company LLC | https://www.wave3.com/prnewswire/2022/08/25/culta-announces-partnership-with-top-selling-national-cannabis-brand-old-pal-bringing-their-medical-cannabis-maryland/ | 2022-08-25T11:23:58Z | wave3.com | control | https://www.wave3.com/prnewswire/2022/08/25/culta-announces-partnership-with-top-selling-national-cannabis-brand-old-pal-bringing-their-medical-cannabis-maryland/ | 1 | 1 | green-iguana-35 | null |
Recently I visited the Clymer Museum in Ellensburg, where there is a retrospective of mixed media works and paintings by artist T.A. Harris titled “15 Years.”
Harris said he began his career as a self-trained painter. “I exhibited my work and continued painting until I ran aground with the medium. To get around the blockage, I took up photography as a fine art medium, deciding to get my formal education in the medium. I transferred to the Rhode Island School of Design and took my BFA and MFA there. I was really taken with color photography as a fine art medium, which few saw or understood its possibilities at that time (1970s).”
After school, Harris moved back to Seattle and took a teaching position. “I started working with an idea of a kind of still life using scavenged materials (lead, wood, plastic, canvas, paint, etc.) and shaped them into abstract tableaux. The final product was a silver gelatin or platinum print. I was able to invest a great deal of feeling in the tableaux. Working in parallel, with my photographs, drawing was important to me, contributing an esthetic and formal underpinning for my constructions.”
In 2013, Harris and his wife and moved from Seattle to Yakima. “My main practice is now painting,” he says, “in particular mixed media, wax, and collage on canvas glued to panels. I also work with 3D constructions using similar materials of the flat paintings and constructions that result as final product photographic prints.”
Matthew Lennon, curator of the Clymer, writes, “T.A. Harris’ body of work speaks to the fragility, austerity and eloquence of existence. His ‘architectural’ paintings remind us of the honesty found in form and craft. His resurrection of found objects goes beyond symbolism or sentimental reflections.”
Lennon goes on to say that “Harris’ art displays an affection for the ordinary. Under Harris’ deft hand, we are witnessing an interaction between astute reflection and renewal. He gives his viewers the opportunity to rethink how we perceive the world, and our role in creating it.”
“Thematically, some of my present paintings are a response to my new life in a small town,” Harris says. “The place has mysteries while being thoroughly mundane. It has expanded my horizons away from my life in Seattle. I’m seeing my art and that of others in a new and more inclusive way.”
“15 Years” will be on exhibit at the Clymer through Sept. 10.
• David Lynx is executive director of the Larson Gallery at Yakima Valley College. He writes this weekly column for Explore. Learn more at www.larsongallery.org. | https://www.yakimaherald.com/explore_yakima/the-arts-scene-artist-t-a-harris-displays-affection-for-the-ordinary/article_69d21268-1fef-11ed-922a-abedf9b4f7b4.html | 2022-08-25T11:24:24Z | yakimaherald.com | control | https://www.yakimaherald.com/explore_yakima/the-arts-scene-artist-t-a-harris-displays-affection-for-the-ordinary/article_69d21268-1fef-11ed-922a-abedf9b4f7b4.html | 1 | 1 | green-iguana-35 | null |
For Washington Middle School academic specialist Jennifer Hernandez, Wednesday was the first time in a long time she could see smiles on kids’ faces on the first day of school.
Of course, there were also confused faces on kids struggling to navigate their new class schedules and the blank expressions of kids who have not had to be up that early in a while. But with masks optional this year, the full range of adolescent emotion was open for all to see.
“It is a connection that we have missed,” Hernandez said, as she helped kids find their first classrooms. “It just looks so much more welcoming for everyone.”
About 16,000 kids headed back to class Wednesday in the Yakima School District, the largest district in the area.
Now in the fourth school year affected by the pandemic, COVID was not the top thought on many people’s minds. Instead, the normal first-day feelings of excitement and nervousness rose to the surface for students, parents and educators.
‘Beyond normal’
As students filed into the two-story brick building, YSD Superintendent Trevor Greene said he could not be more pleased with the start of school. He watched parents drop off their students and reflected on how nice it was to see after the difficulties of the early pandemic.
“It’s refreshing,” he said. “I hate to use the word normal, but it’s beyond normal.”
Of course, not everything looked identical to pre-pandemic times. Some students and staff still chose to wear masks, though more people went without them.
Incoming sixth-grader Dulce Gonzaga appreciated not having to wear a mask because she finds it easier to breathe.
Students lined up outside of the school, which eighth-grader Eduardo Terriquez said they did not have to do before COVID. The lines were to help manage the flow of students and parents. School staff passed out bagged breakfast to students.
Terriquez was in fifth grade when the pandemic struck. He said entering his final year of middle school felt “too early.” But he said he’s grown since then — both in height and in confidence.
Inside the school hallways, it was business as usual. A wave of students filled all available space during passing periods and sought out any available adult to help them find their next class.
The ongoing pandemic might not have been noticeable at all if not for the masks on some of the kids and the stickers on the floor to direct one-way traffic.
Middle school jitters
The top emotion students reported feeling on the first day was nervousness.
For the incoming sixth-graders, middle school is a whole new academic and social system to navigate. Even those with friends from home or elementary school did not know if they would see them in their classes.
Even older students reported feeling worried, like Monica Camacho-Rodriguez, who started eighth grade Wednesday. She spent the previous few years in online school due to the pandemic. During that time, she had trouble focusing and was not very social, she said.
“I’m nervous,” she said. “I feel like over the last few years I haven’t really interacted with anyone outside of my family.”
Her family has some history at Washington. Her mom, aunts and uncles went to the school and were “troublemakers,” she laughed.
Her goals this year are to get good grades and make friends. She knew at least one person going in, her neighbor, sixth-grader Janennzi Soria. The girls hung out before school.
Soria also said she wants to get good grades and hopes that if she does, her parents will get her a phone. But she expects middle school to be hard and was nervous about having multiple classrooms and teachers.
Students were not the only ones feeling anxious on the first day.
Maria Gallardo stood with her son Danny Mendoza, a sixth grader, near the buses and waited for a staff member to assist them. Her concerns centered around her son’s special education needs. And she worried he could get sick with COVID still around.
Still, she said her son loves school and he’s a good student. And this school year felt like it was approaching normal.
Room for growth
Each year, it is Principal William Hilton’s goal to have every student in class by 10 minutes after the first bell. And as the last of the stragglers settled in Wednesday morning, he was one minute ahead of schedule.
“Once kids get in, it’s like it’s less stress and I love it because it’s what we’re here for,” he said.
Hilton said enrollment is down compared to pre-pandemic years, especially among incoming sixth-graders. There are about 770 kids enrolled at Washington this year, which is 100 fewer than in 2019.
Inside the advisory classrooms — the first class kids went to that morning — teachers had students introduce themselves and explained the schedule.
Math teacher Jeff Murray had his seventh graders stand in a circle and pass around an unopened bag of barbecue potato chips. Whoever held the chip bag was allowed to speak.
Hilton said advisory classes use “the circle” method to help make kids more comfortable. These classes place an emphasis on meeting kids’ social and emotional needs.
Middle school, he explained, is a critical transitional time for students. Their bodies change and distinct personalities emerge. Kids begin to think about college and careers. Their growth between sixth and eighth grade is often hard to believe.
Having students in a school building, among adults who care, makes it easier to get kids on the right path.
“It’s building those relationships and those soft skills not only with the content, but those habits for being a good student and setting goals for life,” he said. | https://www.yakimaherald.com/news/local/education/smiles-visible-as-yakima-kids-return-to-a-more-normal-first-day-of-school/article_ded70770-23d8-11ed-9a9e-43fde410ddb1.html | 2022-08-25T11:24:30Z | yakimaherald.com | control | https://www.yakimaherald.com/news/local/education/smiles-visible-as-yakima-kids-return-to-a-more-normal-first-day-of-school/article_ded70770-23d8-11ed-9a9e-43fde410ddb1.html | 1 | 1 | green-iguana-35 | null |
NEW YORK, Aug. 25, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Molecular Partners AG ("Molecular Partners" or the "Company") (NASDAQ: MOLN) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Molecular Partners investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of a class consisting of persons and entities that purchased or otherwise acquired: (a) Molecular Partners American Depositary Shares pursuant and/or traceable to certain documents issued in connection with the Company's initial public offering conducted on or about June 16, 2021; and/or (b) Molecular Partners securities between June 16, 2021, and April 26, 2022. Follow the link below to get more information and be contacted by a member of our team:
MOLN investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) the Company's product, ensovibep, was less effective at treating COVID-19 than defendants had led investors to believe; that (ii) accordingly, the the U.S. Food and Drug Administration ("FDA") was reasonably likely to require an additional Phase 3 study of ensovibep before granting the drug Emergency Use Authorization ("EUA"); (iii) waning global rates of COVID-19 significantly reduced the Company's chances of securing EUA for ensovibep; (iv) another of the Company's product candidates, MP0310, was less attractive to Molecular Partners' collaborator, Amgen, than defendants had led investors to believe; (v) accordingly, there was a significant likelihood that Amgen would return to global rights of MP0310 to Molecular Partners; (vi) as a result of all the foregoing, the clinical and commercial prospects of ensovibep and MP0310 were overstated; and (vii) as a result, documents issues in connection with the Company's initial public offer and defendants' public statements throughout the class period were materially false and/or misleading and failed to state information required to be stated therein.
WHAT'S NEXT? If you suffered a loss in Molecular Partners during the relevant time frame, you have until September 12, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
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Wheelhouse cancer care services pair with the Forbie app to rapidly improve well-being across the nation.
NASHVILLE, Tenn., Aug. 25, 2022 /PRNewswire/ -- Wheelhouse, a cancer management platform for employer-sponsored health plans, and Forbie, a cancer care management technology company, announced a formal partnership to improve cancer patients' lives. The partnership provides a unique combination of prevention, care management, and survivorship solutions along with a comprehensive cancer care app. This creates a full-service resource for cancer patients and rapidly furthers both organizations' missions to change cancer's impact.
"Our partnership with Forbie is the first step to expanding our reach to cancer patients around the world, says Ben Frank, CEO of Wheelhouse. "Our missions are truly aligned, and our core solutions complement each other perfectly."
The National Cancer Institute estimates that in 2022, roughly 1.9 million people will be diagnosed with cancer in the United States. With Wheelhouse and Forbie working together, the rate at which cancer patients can experience an improved quality of life is significantly accelerated.
"The partnership opportunity with Wheelhouse is a natural fit in our mission of giving patients a voice in their cancer care and transforming the cancer care journey of patients and survivors," says Stephen Chaney, Chief Product Officer of Forbie. "The Forbie team is excited to find a partner truly focused on the cancer patient and their journey."
Wheelhouse is a cancer management platform bringing 20 years of experience in oncology to provide a holistic approach through a family of solutions for employers and health plans to close the gaps in cancer care for their employees. Solutions include cancer prevention strategies, cancer navigation, cancer coaching, insurance advising, survivorship, and return-to-work plans.
Forbie® transforms cancer care by Giving Patients a Voice in their Care™. Forbie® App is designed with patient privacy as a core tenet. Available on Google Play and the App Store, the app helps patients track their symptoms and emotions, monitor medications, track treatment side effects, and transcribe information during doctors' visits to enable positive outcomes.
For more information, please contact Ben Frank, CEO of Wheelhouse, LLC. at 1-803-727-3728 and ben@wheelhousecares.com or Stephen Chaney, Chief Product Officer of Forbie at 1-425-890-1706 and schaney@forbie.com.
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SOURCE Wheelhouse, LLC. | https://www.wave3.com/prnewswire/2022/08/25/two-companies-announce-partnership-enable-better-outcomes-amp-change-cancers-impact/ | 2022-08-25T11:28:28Z | wave3.com | control | https://www.wave3.com/prnewswire/2022/08/25/two-companies-announce-partnership-enable-better-outcomes-amp-change-cancers-impact/ | 1 | 1 | green-iguana-35 | null |
Not every pioneer graphic designer has been honored with a monograph devoted to their work. For too long, this has been the case with Rudolph de Harak (1924–2002). The fact is, he was so good, indeed diversified, during a period from the 1950s through the 1980s, when modern design was represented by so many distinctive talents. De Harak’s mastery of graphic, environmental and exhibition design was not lost among this wave, but his champions for posterity had yet to emerge. A different monograph was in the planning stages before Richard Poulin, a former associate of de Harak and principal of Poulin + Morris, put his dog in the race and got to the finish line first. The result, Rudolph de Harak Graphic Designer: Rational Simplicity (Thames & Hudson) is a valuable addition to the chronicling of modernism, and was worth the wait.
It is a big book that gracefully covers his graphic (notably book covers) and interior design, writing and philosophy, and is filled with just the right amount of historical, professional and personal detail. Poulin has given us an ideal monograph.
The title derives from a few simple facts. Rudy was committed to the tenets of modern idealism and pragmatics, yet his work was often reduced to simple elements, but never devoid of visual challenges and graphic beauty. As the cover pictorially suggests, he was free and constrained at the same time. This book proves that de Harak’s modernism was a lively, intimate language.
I asked Poulin to reflect on the designer he learned from and the testament he created on his behalf.
You worked for and with Rudolph de Harak for many years. I presume that is one reason for doing this excellent retrospective book. What other motivations were there?
I always felt Rudy was one of the unsung forces of modernist graphic design. He possessed a definitive and unique point of view, which he stayed true to throughout his entire career, yet he and his body of work have never been celebrated nor explored in depth. He was a rare individual—a thinker, a challenger, an advocate for new ideas, and an inspiring colleague. He believed that all great ideas, and all significant works of art and architecture, came from dreamers, visionaries and communicators. Rudy was an anomaly among his peers in the graphic design profession, yet no one equals his diversity nor his accomplishments across the various design disciplines.
I enjoyed and learned from your concise biographical prologue. I knew Rudy but did not know he grew up in Queens at the MET projects (I was raised in Stuy Town, also a Metropolitan Life Insurance housing project). But more surprising was his friendship with Anthony Benedetto (aka Tony Bennett). What did the designer-to-be share with the singer-to-be that stayed with them?
Rudy and Tony Bennett became lifelong friends in 1938 when the Benedetto family moved into the Metropolitan Apartments in Astoria, Queens. Both attended their local grammar school, P. S. 141, and shared a love of music and drawing. When they were considering high schools, Tony applied to the prestigious High School of Performing Arts in Manhattan but was not accepted. Rudy attended the School of Industrial Art (also located in Manhattan) and persuaded Bennett to join him. While he initially regretted this decision, years later he came to a different realization and was indebted to Rudy for his persuasive interference. Bennett wrote in his 1998 autobiography The Good Life that he was extremely grateful for his time and training at Industrial Art. He ultimately felt it was a wonderful experience because he learned the importance and value of technique; everything from silk-screening and lithography to sculpture, painting and photography. He went on to describe Rudy as one of the few people in his life who continuously encouraged him in his love of art and music: “He became a dear friend of my family’s, and even came to think of my mom as his ‘other mother.’ We hung out together because of our mutual love of jazz and drawing. In fact, Rudy took up the saxophone as a kid. I remember it well because in the summertime, when everybody had their windows wide open, the whole building could hear Rudy blowing away, learning his scales. Eventually, he became quite a proficient sax player.”
I always had the impression that despite Rudy’s footprint in New York City, he was one of the major California modernists. You write about his influence in California that made him into a modern designer. Would you provide a brief account of how he went from amateur to pro?
Following four years of military service in Europe, Rudy returned to Southern California, reuniting with his family and landing his first job as a mechanical art apprentice at a small art studio in 1946. He also reconnected with a former high school classmate, Hal Tritel, who was now a graphic designer working in the same office building in downtown Los Angeles. Rudy described Hal as a talented intellectual who took him under his wing and introduced him to the world of modernist design, as well as museums, galleries, avant garde art movements, music and literature. His entire world and outlook was now brighter and ripe with opportunities. It was during this time period that Tritel invited him to attend two lectures at the Art Center School in Los Angeles given by the renowned European modernist émigrés Will Burtin and György Kepes. Rudy later recalled to a friend that “he was blown away” by these lectures and that they had made a profound and lasting impact on his life.
This marked the beginning of Rudy’s realization that it was possible for him to communicate visual information that could transcend common graphic conventions and become art. He also quickly came to an understanding that he could have a viable vocation in graphic design while simultaneously experiencing deep personal fulfillment, so he quit his job and committed himself completely and wholeheartedly to his new profession. In 1948, he and Tritel assembled a portfolio of their work and started making the rounds.
In less than a year, Rudy started doing freelance work for Monogram Art Studios, a New York City–based design firm that was redesigning a portion of the CBS Columbia Records library. While his design solutions were somewhat naïve and derivative of contemporaries he admired, such as Saul Bass, Paul Rand and Alvin Lustig, his early work provided him with an opportunity to evaluate varied approaches to graphic design and visual storytelling. Whatever his early work lacked from a conceptual perspective was made up for in the breadth of his experimentations in shape, form, color, scale, image, composition and typography. In the early years of his career in Southern California, he was impatient, passionate and determined to make his individual mark on the profession and the world. He fondly described these inspiring times: “We worked out of a basement that was really kind of marvelous … and there was a group of us that worked together, and it was a pretty exciting time, trying to learn new things. … I rarely went to bed. I would just go to sleep, exhausted, because I would spend all of my time reading, trying to do some writing. I bought a camera, taking photographs, experimenting with emulsions, and going to museums.”
His collage work for Esquire looks as fresh in your book as it does when I flip through those magnificent old magazines. What triggered his collage approach?
In 1953, Rudy created his most visible work to date—a series of monthly spot illustrations for Esquire magazine commissioned by his friend and colleague Henry Wolf, art director of the magazine. These unusual editorial collages, 41 in all, produced over a period of five years, were referred to by Rudy as “jazz-like improvisations and a kind of 1950s Dada.” Composed from found print ephemera, his own photographs, and drawings that he had either collected or produced over the past few years, these impromptu conceptual compositions reflected his ever-growing interests in abstract expressionism, photographic experimentation and visual communications.
In the first few months following his return to New York City, Rudy was obsessed with learning, experimenting and experiencing as much as he could while simultaneously looking for a job. He started to paint, which became a means of self-expression and a major visual element in his early graphic design work.
Modern art, specifically abstract expressionism, was a major influence—he particularly admired the work of Franz Kline, Willem de Kooning, Robert Motherwell and Mark Rothko. He was also drawn to avant-garde photography and film, especially the work of Man Ray, Luis Buñuel, Salvador Dalí and Hans Richter. He purchased a new Leica III camera and started buying and testing different films, experimenting with different emulsions, and teaching himself various film processing techniques.
It was through these initial experiences that he discovered that content could follow concept. These collective experiences all led to his unique and unconventional approach to his collages for Esquire.
Rudy seems clearly driven by two strands of modern DNA—Alvin Lustig, Will Burtin and György Kepes as one, with Swiss rationalist design as the other. Were there other influences that stand out?
European Modernism and Swiss Rationalism were essential to Rudy’s DNA, as well as the individuals you mention (including Saul Bass), who were extremely influential on his life and career. He was fortunate enough to have developed lifelong friendships with all of these men. First, in the late 1940s, while still living in Southern California, with Bass and Lustig. And then following his move back to New York City, with both Burtin and Kepes.
I would also be remiss if I didn’t mention his other heroes, including Max Bill, Josef Müller-Brockmann, Armin Hofmann, Max Huber, El Lissitzky, Lázló Moholy-Nagy, Alexander Rodchenko, Carlo Vivarelli and Piet Zwart.
You generously exhibit much of his abstract design dramatically with a gatefold of his book covers. These are masterpieces on so many levels. How would you describe their impact?
Whether he realized it at the time or not, Rudy pushed the boundaries of modernism to new heights within the publishing world with his landmark and pioneering work for McGraw-Hill Paperbacks. Over a period of five years, he designed approximately 400 covers for the publisher. Even if he was self-taught, at this point in his evolution, Rudy clearly understood the fundamental visual principles of graphic design. Each of these groundbreaking covers shares a common compositional system that applies the basic tenets of the International Typographic Style, with the use of a mathematically constructed page grid, uniform sans-serif typography (Akzidenz-Grotesk) set flush left and ragged right, and an asymmetrical composition. His reliance upon these visual principles further enhanced and increased the viewer’s ability to organize, differentiate and, most importantly, interact with the cover’s visual content.
When he considered the act and process of image-making for these covers, whether glyph, pictogram, symbol, sign, drawing, illustration, painting, photography or typography, Rudy always considered numerous forms and methodologies. While these all possessed their own distinct and varied visual characteristics and functions, he also understood their value and potential as meaningful and obvious visual counterpoints to narrative form. Each image represented an emotional experience that could be immediately understood and embraced by the viewer. The broad range of images he created spanned a full spectrum defined at one end by realism and at the other by abstraction. Between these two visual extremes were a myriad of possibilities for him to choose from: the more realistic, the more direct and immediate the image; the more abstract, the more restrained and interpretive the image. His innovative approach to a book cover’s visual content, as well as its compositional layout, ultimately gave the entire range of McGraw-Hill Paperbacks a distinctive visual brand that remained resonant and unique for decades to come.
You appear to have a rather complete assortment of known and lesser-known examples. Where did you do your research? And, given your earlier relationship, was your scholarship more revealing than you had expected?
While I relied upon numerous resources for my research, the majority of it was done at the Cary Graphic Arts Collection at the RIT Libraries, Rochester Institute of Technology, in upstate New York. Rudy’s archive, which was donated to the RIT Libraries by his wife, Carol de Harak, in 2008, is comprised of approximately 15 linear feet (19 archival boxes and several poster flat files) of correspondence and personal papers (1952–1997), photographs (1950–2000), writings (1948–2001), design projects (1936–1994), fine art (1963–2001), and reference materials including over 1,000 color transparencies.
I came across more than a few surprises, especially among Rudy’s writings and papers, such as his personal insights about his 50-year career; his friendships with Saul Bass, Alvin Lustig and Will Burtin; and his recollections about his experiences in World War II and starting out in New York City in the early 1950s. It was truly a once-in-a lifetime experience I will never forget.
Another important addition to my research was made by Carol, Rudy’s wife, who shared with me early visual material, memories and rare insights into her husband and companion of over 35 years. This monograph would not have become a reality without her support, encouragement and generosity. I am forever grateful for her invaluable contributions and friendship.
I remember Lou Silverstein, my boss at The New York Times, always praising Rudy’s talents. He even had him redesign the Times delivery trucks, which prefigured the modernization that was to come. Do you believe that Rudy had a set of guiding design principles and, if so, what were they?
Rudy believed that good design could change the world. Early on in his career he fully adopted the tenets and philosophy of European Modernism with great intensity and enthusiasm, believing that effective design meant cutting away all of the unnecessary appendages, leaving only those elements that stated facts, thoughts and ideas. There are numerous quotes of Rudy’s that I use throughout the book’s narrative, however the following clearly represents his career-long thinking and mindset:
“I don’t believe in change for the sake of change. Change comes about through a natural process of development or because something needs improving. Modernism suggests a movement that is ahead of its time. If we do something that has been done before, we are not being creative, we are being redundant. Creativity, which is what Modernism is all about, is a constant searching process that promises a greater chance for failure than it does success.”
What is Rudy de Harak’s legacy?
Rudy believed that a modernist’s foundation and philosophy provided creative freedom to practice and move from one design discipline to another. Whether designing a poster, a book, an exhibition or a house, the creative process and approach were always the same—it was a shared process and approach.
Whatever his chosen creative endeavor at any particular stage of life, as his wife Carol explained, “he went into it with an intense amount of effort, energy and enthusiasm. If he didn’t know specific aspects of any process, he would teach himself and learn along the way. That’s the way he was with everything that he became involved with. Rudy possessed this inner strength that allowed him to keep on learning, absorbing and observing and not giving up on anything, nor on the dreams and aspirations that he had.”
Rudy was intensely interested and passionate about the visual world and his place within it. Always encountering new ideas to explore and new things to discover, his interest in life and his surroundings, large and small, always kept him vibrant and energized. He breathed new life into the world of graphic design, stripping away unnecessary ornament and excess and leaving only what was deemed essential. He firmly believed that being simpler didn’t necessarily mean the end result would be less profound. His work was thoughtful, systematic and timeless.
This was, and is, his legacy. | https://www.printmag.com/daily-heller/the-daily-heller-rudoph-de-harak-a-monograph-at-last/ | 2022-08-25T11:28:53Z | printmag.com | control | https://www.printmag.com/daily-heller/the-daily-heller-rudoph-de-harak-a-monograph-at-last/ | 1 | 1 | green-iguana-35 | null |
BEIJING, Aug. 25, 2022 /PRNewswire/ -- Zepp Health Corporation ("Zepp" or the "Company") (NYSE: ZEPP) today reported revenues of RMB1.1 billion (US$165.5 million); GAAP diluted net loss per share of RMB0.44 (US$0.07); and GAAP diluted net loss per ADS of RMB1.74 (US$0.26) for the second quarter ended June 30, 2022. Each ADS represents four Class A ordinary shares.
"Our second quarter revenues improved from the first quarter, which highlights our execution capabilities, product strength and disciplined business management approach, in the face of macro economic challenges. We achieved RMB1.1 billion in revenues, representing a 46.4% increase quarter-over-quarter. Our year-over-year revenues decreased by 39.6%, mainly due to the different product launch timing compared with last year, especially when Mi-band 7 was launched at the end of the second quarter due to continued chip shortage." said Wang Huang, Chairman and CEO of Zepp Health. "The improvement of our second quarter from first quarter also illustrated our effective product strategy and our ability to extend and solidify our market position. I am optimistic we can deliver stronger results in the second half of 2022 as we have witnessed strong sales traction from our self-branded smartwatches, including Amazfit T-Rex 2, Amazfit Bip 3 and Amazfit Bip 3 Pro, since their launch toward the end of the second quarter. As a company passionately committed to technological innovation, we are constantly expanding our technology footprint to attract more users to join our flourishing Zepp OS ecosystem. From June 1 to August 31, we are hosting the first-ever Zepp OS Global Online Hackathon to create closer bonds with developers worldwide and foster smartwatch innovation."
Chief Financial Officer, Leon Deng, added, "Second quarter results demonstrated our resilience against multiple macroeconomic headwinds. During the period, our improved revenues and effective expense control initiatives helped us further narrow our operating loss by RMB44.8 million quarter-over-quarter. I am confident that our strict management of costs and expansion of product portfolio will position us for long-term success."
Second Quarter 2022 Financial Summary
Second Quarter 2022 Financial Results
Revenues
Total units shipped in the second quarter 2022 decreased by 45.2% year-over-year to 6.3 million, compared with 11.5 million in the second quarter of 2021. This was mainly caused by a 50.0% decrease in units of products built for Xiaomi, due to different product launch timing compared with last year.
Revenues for the second quarter of 2022 reached RMB1.1 billion (US$165.5 million), a decrease of 39.6% from the second quarter of 2021. The decrease was mostly because the Mi band 7 was launched two-month later than Mi Band 6 in the comparison period. Our self-brand product sales were affected by lower consumer discretionary spending. We launched Amazfit Trex 2 and Bip new series, which showed early success in June and continued to gain traction heading into the third quarter.
Impact of COVID-19 and Russia-Ukraine Conflict on Our Business
The COVID-19 pandemic has had, and continues to have, a significant impact around the world in the second quarter of 2022, prompting governments and businesses to take unprecedented measures, such as restrictions on business operations, temporary closures of businesses, travels, and quarantine and shelter-in-place orders.
The fresh lockdowns in China affected the retail store sales and brought challenges to our supply chain globally. Shortages of electronic components and chips for different industries persisted and accordingly affected the supply and production cycle for the Company. Furthermore, the lockdowns of several megacities in China, especially Shanghai, weakened consumer demand, as well as posted big challenges to the Company's supply chain for the quarter, causing delays for our products to arrive at target markets, and this continued into the second quarter. Given the evolving nature of the COVID-19 pandemic at the time of this release, the Company cannot predict the extent of future negative impacts on market conditions or the Company's operations.
The continued conflict situation between Russia and the Ukraine affected the demand for and sales of Xiaomi wearable products and our self-branded products in the affected regions. As Europe is one of the biggest sales regions for the Company, the conflict also affected freight cost, consumer confidence in Europe and the EUR currency value. Revenue from sales of products in Russia and Ukraine accounted for approximately 4% of our total revenues in 2021. Currently the situation does not have a material adverse impact on the Company.
Gross Margin
Gross margin in the second quarter of 2022 was 17.9%, lower by 4.1% compared with 22.0% for the same period of 2021 and lower by 2.2% compared with 20.1% for the first quarter of 2022. Lower gross margin in the second quarter of 2022 resulted from higher outbound freight cost globally versus the same period last year, adverse currency depreciation impact, and promotions for our previous generation products to prepare for the new product launches.
Research and Development
Research and development expense in the second quarter of 2022 was RMB129.0 million, decreasing 19.5% year-over-year, and comprising 11.6% of revenues, versus 8.7% for the same period last year. This was mainly driven by expense optimization. Furthermore, the Company is holding Zepp OS Global Online Hackathon around the world and have attracted thousands of third-party developers to develop their apps and programs on the Company's developer community website. Now users could find several mini games on our GT3 smartwatch. Zepp OS is a platform to form economic scale to streamline the R&D expenses and integrate different programs.
Selling and Marketing
Selling and marketing expense in the second quarter of 2022 was RMB108.3 million, increasing 3.4% year-over-year, and comprising 9.8% of revenues, compared with 5.7% of revenue for the same period in 2021. The increase was due to the e-commerce online advertisement promotions for our self-branded products to match with competitors.
General and Administrative
General and administrative expense was RMB71.7 million in the second quarter of 2022, increasing 7.9% year-over-year, and comprising 6.5% of revenues, compared with 3.6% in the same period in 2021. It was largely attributable to exchange rate fluctuation.
Operating Expenses
Total operating expenses for the second quarter of 2022 were RMB308.9 million, a decrease of 6.8% year-over-year, which accounted for 27.9% of revenues for the period, as compared with 18.1% in the second quarter of 2021. In 2022, the Company will continue to work on cost optimization to adapt to the macro environment and strive for profitability realization for the future.
Operating Income/(Loss)
Operating loss for the second quarter of 2022 was RMB110.6 million, which decreased by RMB182.2 million from operating income of RMB71.6 million for the same period in 2021. The loss was mainly caused by the decreased revenue scale, which could not cover the relatively fixed operating expenses in the quarter.
Net Income/(Loss)
Net loss attributable to Zepp Health Corporation for the second quarter of 2022 was RMB106.9 million, compared with RMB92.6 million net income in the second quarter of 2021.
Liquidity and Capital Resources
As of June 30, 2022, the Company had cash and cash equivalents and restricted cash of RMB997.1 million (US$148.9 million), compared with RMB1,052.9 million as of March 31, 2022 and RMB1,509.5 million as of December 31, 2021.
Share Repurchase Program Update
The Company had announced in its third quarter 2021 earnings release that the board had authorized a share repurchase program of up to US$20 million. As of June 30, 2022, the Company has used US$8.8 million to repurchase 2,163,282 ADSs. The Company intends to continue with the repurchase program.
Outlook
For the third quarter of 2022, the management of the Company currently expects:
- Net revenues to be between RMB1.2 billion and RMB1.5 billion, compared with RMB1.61 billion in the third quarter of 2021.
This outlook reflects continued uncertainty pertaining to the potential effects of the COVID-19 pandemic on sales and on electronic component delays, as well as the expected sales seasonality of both self-branded and Xiaomi products. It is based on the current market conditions and reflects the Company management's current and preliminary estimates of market and operating conditions and customer demand, which are all subject to change.
Conference Call
The Company's management will hold a conference call at 8:00 a.m. Eastern Time on Thursday, August 25, 2022 (8:00 p.m. Beijing Time on August 25, 2022) to discuss financial results and answer questions from investors and analysts. Listeners may access the call by dialing:
Participants should dial-in at least 10 minutes before the scheduled start time and ask to be connected to the call for "Zepp Health Corporation."
Additionally, a live and archived webcast of the conference call will be available at https://ir.zepp.com/investor.
A telephone replay will be available one hour after the call until September 01, 2022 by dialing:
About Zepp Health Corporation (NYSE: ZEPP)
Zepp Health changed its name from Huami Corp. (HMI) on February 25, 2021 to emphasize its health focus with a name that resonates across languages and cultures globally. The Company's mission continues to be connecting health with technology. Since its inception in 2013, Zepp Health has developed a platform of proprietary technology including AI chips, biometric sensors, and data algorithms, which drive a broadening line of smart health devices for consumers, and data analytics services for population health. Zepp Health is one of the largest global developers of smart wearable health and consumer fitness devices, shipping 36 million units in 2021. Zepp Health Corp. is based in Hefei, China, with U.S. operations, Zepp Health USA, based in Cupertino, California.
Use of Non-GAAP Measures
We use adjusted net income/(loss), a non-GAAP financial measure, in evaluating our operating results and for financial and operational decision-making purposes. Adjusted net income/(loss) represents net income/(loss) excluding share-based compensation expenses, and such adjustment has no impact on income tax. Adjusted net income/(loss) attributable to Zepp Health Corporation is a non-GAAP measure, which excludes share-based compensation expenses attributable to Zepp Health Corporation, and is used as the numerator in computation of adjusted net income/(loss) per share and per ADS attributable to Zepp Health Corporation.
We believe that adjusted net income/(loss) and adjusted net income/(loss) attributable to Zepp Health Corporation help identify underlying trends in our business that could otherwise be distorted by the effect of certain expenses that we include in net income/(loss) and net income/(loss) attributable to Zepp Health Corporation. We believe that adjusted net income/(loss) and adjusted net income/(loss) attributable to Zepp Health Corporation provides useful information about our operating results, enhances the overall understanding of our past performance and future prospects and allows for greater visibility with respect to key metrics used by our management in its financial and operational decision-making.
Adjusted net income/(loss) and adjusted net income/(loss) attributable to Zepp Health Corporation, should not be considered in isolation or construed as an alternative to net income/(loss), basic and diluted net income/(loss) per share and per ADS attributable to Zepp Health Corporation or any other measure of performance or as an indicator of our operating performance. Investors are encouraged to review the historical non-GAAP financial measures to the most directly comparable GAAP measures. Adjusted net income/(loss) and adjusted net income/(loss) attributable to ordinary shareholders, presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to our data. We encourage investors and others to review our financial information in its entirety and not rely on a single financial measure.
Exchange Rate
The Company's business is primarily conducted in China and the significant majority of revenues generated are denominated in RMB. This announcement contains currency conversions of RMB amounts into US$ solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to US$ are made at a rate of RMB6.6981 to US$1.00, the effective noon buying rate for June 30, 2022 as set forth in the H.10 statistical release of the Federal Reserve Board. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on June 30, 2022, or at any other rate.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the cooperation with Xiaomi, the recognition of the Company's self-branded products; the Company's growth strategies; trends and competition in global wearable technology market; changes in the Company's revenues and certain cost or expense accounting policies; governmental policies relating to the Company's industry and general economic conditions in China and the global. Further information regarding these and other risks is included in the Company's filings with the United States Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
In China:
Zepp Health Corporation
Grace Yujia Zhang
Email: ir@zepp.com
The Piacente Group, Inc.
Yang Song
Tel: +86-10-6508-0677
Email: zepp@tpg-ir.com
View original content:
SOURCE Zepp Health Corp. | https://www.wave3.com/prnewswire/2022/08/25/zepp-health-corporation-reports-second-quarter-2022-unaudited-financial-results/ | 2022-08-25T11:29:19Z | wave3.com | control | https://www.wave3.com/prnewswire/2022/08/25/zepp-health-corporation-reports-second-quarter-2022-unaudited-financial-results/ | 1 | 1 | green-iguana-35 | null |
WHO: Monkeypox cases drop 21%, reversing month-long increase
GENEVA (AP) — The number of monkeypox cases reported globally dropped by 21% in the last week, reversing a month-long trend of rising infections and a possible signal the outbreak in Europe may be starting to decline, according to a World Health Organization report issued Thursday.
The U.N. health agency reported 5,907 new weekly cases and said two countries, Iran and Indonesia, reported their first cases. To date, more than 45,000 cases have been reported in 98 countries since late April.
Cases in the Americas accounted for 60% of cases in the past month, WHO said, while cases in Europe comprised about 38%. It said infections in the Americas showed “a continuing steep rise.”
In early July, just weeks before the agency declared the international spread of the disease to be a global emergency, WHO’s Europe director said countries in the region were responsible for 90% of all laboratory confirmed cases of monkeypox.
British health authorities said last week after seeing a decline in the number of new cases getting reported daily that there were “early signs” the country’s monkeypox outbreak was slowing.
The U.K.’s Health Security Agency downgraded the country’s monkeypox outbreak last month, saying there was no evidence the once rare disease was spreading beyond men who were gay, bisexual or had sex with other men.
Since monkeypox outbreaks in Europe and North America were identified in May, WHO and other health agencies have noted that its spread was almost exclusively in men who have sex with men.
Monkeypox has been endemic in parts of Africa for decades and experts suspect the outbreaks in Europe and North America were triggered after the disease started spreading via sex at two raves in Spain and Belgium.
WHO’s latest report said 98% of cases are in men and of those who reported sexual orientation, 96% are in men who have sex with men.
“Of all reported types of transmission, a sexual encounter was reported most commonly,” WHO said. “The majority of cases were likely exposed in a party with sexual contacts,” the agency said.
Among the monkeypox cases in which the HIV status of patients was known, 45% were infected with HIV.
WHO has recommended that men at high risk of the disease temporarily consider reducing their number of sex partners or refrain from group or anonymous sex.
Monkeypox typically requires skin-to-skin or skin-to-mouth contact with an infected patient’s lesions to spread. People can also become infected through contact with the clothing or bedsheets of someone who has monkeypox lesions.
With globally limited vaccine supplies, authorities in the U.S., Europe and the U.K. have all begun rationing doses to stretch supplies by up to five times.
WHO has advised countries that have vaccines to prioritize immunization for those at high risk of the disease, including gay and bisexual men with multiple sex partners, and for health workers, laboratory staff and outbreak responders.
While Africa has reported the most suspected deaths from monkeypox, the continent has no vaccine supplies apart from a very small stock being tested in a research study in Congo.
“As we know, the situation with monkeypox vaccine access is very topical, but there are not enough doses of vaccines,” Nigeria Center for Disease Control Director-General Ifedayo Adetifa said this week. Potentially, a lot more more doses will become available, but because of challenges with manufacturing factories and unexpected uptick in monkeypox cases, the vaccine may actually not be available until 2023.”
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Chinedu Asadu in Abuja, Nigeria, contributed reporting.
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Follow AP’s coverage of monkeypox at https://apnews.com/hub/monkeypox
Copyright 2022 The Associated Press. All rights reserved. | https://www.witn.com/2022/08/25/who-monkeypox-cases-drop-21-reversing-month-long-increase/ | 2022-08-25T11:37:19Z | witn.com | control | https://www.witn.com/2022/08/25/who-monkeypox-cases-drop-21-reversing-month-long-increase/ | 1 | 1 | green-iguana-35 | null |
(The Hill) — Expect a Trumpier U.S. House of Representatives next year.
House Republicans are not only forecast to win control of the lower chamber in November’s midterm elections, they’re also poised to bring with them a roster of new arrivals who have embraced former President Donald Trump and his false claims of fraud surrounding his 2020 defeat.
A number of Trump loyalists have bumped off more moderate Republicans in the summer primaries — a list that grew longer on Tuesday with conservative victories in Florida and New York — while a number of other centrists are stepping into retirement.
The combination foreshadows a power shift in the House GOP that has the potential to complicate any bipartisan compromise with President Joe Biden while creating headaches for Republican leaders who will face pressure to demonstrate their governing chops in a new majority.
“I believe that [House Minority Leader] Kevin McCarthy [Calif.] would have a rough time of it,” said David Mayhew, a political scientist at Yale University.
Joe Kent, a former Green Beret, defeated pro-impeachment Rep. Jaime Herrera Beutler in a Washington GOP primary earlier this month with the help of an endorsement from Trump. Running as an “America First” Republican, he railed against the “establishment” and publicly said that McCarthy, the House GOP leader, should not be Speaker.
And he’s hardly alone.
In the most recent round of primaries, winners in safe Republican House seats include former Trump appointee to the Pentagon Cory Mills, who has said that the 2020 election was “rigged.” Mills would replace outgoing Rep. Stephanie Murphy (D-Fla.).
New York State GOP Chairman Nick Langworthy, who heavily touted his previous support from Trump in the primary despite not getting a formal endorsement for the race, also won a primary in a safe GOP district on Tuesday. Rep. Chris Jacobs (R-N.Y.) ended his reelection bid for that seat due to blowback to his support for an assault weapons ban.
One of the starkest signs that incoming House Republicans will be friendlier to the former president is that Mills and Langworthy were considered the less extreme candidates in their races.
Langworthy defeated Carl Paladino, a gaffe-prone Trump supporter who was endorsed by Trump allies Reps. Matt Gaetz (Fla.), Marjorie Taylor Greene (Ga.), and Elise Stefanik (N.Y.). And Mills faced Florida state Rep. Anthony Sabatini, who was also supported by Gaetz and Greene and accused Mills of being a “RINO,” an acronym for “Republican in name only.”
Sarah Chamberlain, president and CEO of the Republican Main Street Partnership, which supports “governing Republicans” who are willing to work across the aisle, pointed to the defeats of Paladino and Sabatini to argue that loyalty to Trump may not be a defining feature of incoming Republicans.
“When the members sit around a table, Donald Trump is not what they discuss. They discuss Joe Biden and getting things done to help the American people,” Chamberlain said of the candidates supported by her group. “They’re not against them by any means. They voted for him. But he is not a topic of conversation.”
Still, several of the candidates highlighted as “Young Guns” by the National Republican Congressional Committee have also expressed skepticism about the 2020 election, even if they did not make loyalty to Trump a key part of their candidate pitch this year.
Derrick Van Orden, a retired Navy SEAL seeking to replace retiring Rep. Ron Kind (D-Wis.), attended the “Stop the Steal” rally at the Capitol on Jan. 6, 2021, but has said he never entered the Capitol and has since distanced himself from the events of that day.
Contributing to the likely power shift, many House Republicans who were critical of Trump or did not overtly embrace him will not be returning in 2022.
Eight of the 10 House Republicans who voted to impeach Trump after the Jan. 6 Capitol attack either declined to run for reelection or lost their primaries. Others, like Rep. Rodney Davis (R-Ill.) and Rep. David McKinley (R-W.Va.), lost in primaries against other Trump-backed members after being put up against each other due to redistricting.
Meanwhile, Trump allies like Gaetz and Greene sailed through their primaries.
The House Freedom Caucus, the group of hard-line conservatives, is likely to grow. A PAC affiliated with the group, the House Freedom Fund, is supporting Trump-endorsed newcomers Anna Paulina Luna in Florida, Bo Hines in North Carolina, and Jim Bognet in Pennsylvania.
If history is any guide, Republican leaders will have a delicate line to walk if they win back House control with a more conservative majority.
GOP leaders embraced the Tea Party movement in the late aughts, which provided the burst of energy leading directly to their House takeover in 2010. But it was those same conservative majority-makers — and eventual Freedom Caucus founders — who fought their own leadership over everything from government spending to the proposed impeachment of President Obama.
The far-right pressure pushed former Speaker John Boehner (R-Ohio) into retirement, prevented McCarthy from rising to the Speakership in 2015 and was a thorn in the side of Speaker Paul Ryan (R-Wis.) during his short stint with the gavel.
Some congressional experts predict the new wave of Trump loyalists will create similar headaches for GOP leaders next year — unless leadership jumps on board.
“Donald Trump was the first Republican candidate for president who truly understood what the Tea Party was all about. The Paul Ryans of this world thought it was about small government. Wrong! It was a populist uprising,” said Bill Galston, senior fellow at the Brookings Institution. “Trump got it right; everybody else got it wrong. And so he has now elevated that big Trump party, which is socially conservative but economically inclined to big government that serves their interests.
“These are not libertarians; they’re anti-libertarians in all sorts of ways,” Galston added. “And that’s the Republican Party now.”
The influence of aggressive, Trump-loving House members and the number of headaches they create for GOP leadership next year may depend on how successful Republicans are in House races overall in this year’s midterms. Many of the newcomer GOP candidates in competitive races trying to unseat Democrats are more centrist, and largely do not talk about the former president.
The Congressional Leadership Fund (CLF), a super PAC aligned with McCarthy, has also swooped in to support incumbent members who fought off more extreme challengers.
The CLF deployed a last-minute $50,000 in phone calls to support Rep. Daniel Webster (R-Fla.) on Tuesday as he fended off a surprisingly strong challenge from far-right, anti-Muslim activist Laura Loomer, who has been banned from multiple social media platforms.
It also helped centrist Republican Rep. David Valadao (Calif.), who voted to impeach Trump, and Rep. Young Kim (Calif.) advance to the general election as they faced more conservative challengers. | https://www.wwlp.com/hill-politics/trump-wing-in-house-gop-set-to-grow/ | 2022-08-25T11:46:11Z | wwlp.com | control | https://www.wwlp.com/hill-politics/trump-wing-in-house-gop-set-to-grow/ | 1 | 1 | green-iguana-35 | null |
Concert - Aug. 26, 2022 - The Winston-Salem Fairgrounds will host an Indoor Concert Series at the Annex Theatre, located at 414 Deacon Blvd in Winston-Salem, featuring a performance by country music group Little Texas along with Crawford & Power on Friday, August 26. The show begins at 7:30 p.m. Parking for all shows is $10. For more information and tickets, visit:
https://www.ticketmaster.com/class.../event/2D005C6BDD976634.
Live Music - Aug. 26, 2022 - The Downtown Winston-Salem Partnership will host Downtown Jazz, featuring music from Terence Young and an opening performance from Scot Marvill, on Friday, August 26 from 7 to 10 p.m. at Corpening Plaza in Winston-Salem. This event is free and presented by the City of Winston-Salem. Attendees are encouraged to bring their own lawn chairs and blankets.
Live Music - Aug. 27, 2022 - The City Sunsets Summer concert series will host MoSoul on Saturday, August 27, at Center City Park in downtown Greensboro, beginning at 7 p.m. Based in Greensboro, MoSOUL combines sensual and mesmerizing harmonies, intricate choreography, and charismatic showmanship, to bring a live entertainment experience you won't forget. From classic Motown/Sounds of Philadelphia to the contemporary sounds of today, this group does it all. Attendees are asked to bring their own lawn chair and picnic blanket. There will be local food trucks on site. The program is free and open to the public.
Street Concert - Aug. 27, 2022 - The Downtown Winston-Salem Partnership will host Summer on Liberty, featuring music from the soul and R&B group Phase Band, on Saturday, August 27 from 7 to 10 p.m. at the intersection of 6th and Liberty Streets in Winston-Salem. This event is free and presented by Truliant Federal Credit Union. Attendees are encouraged to bring their own lawn chairs and blankets.
Dinner and a Movie - Aug. 27, 2022 - MUSE Winston-Salem and a/perture cinema present Street Food Cinema, a mobile program that pairs food from local chefs with international films, on August 27 at MUSE Winston-Salem, at 226 S. Liberty St. The free film screening is Like Water for Chocolate, paired with a $20 dinner provided by Heavy Nopal, a Mexican food/fusion popup. There will be vegetarian and nonvegetarian meals available. Orders must be placed two days prior to the event. The parking lot will open at 7:30 p.m. and the film will start at 8:30 p.m. Visitors are asked to park in the lots for Kaleideum or walk over the stroll way from downtown. They are also asked to bring lawn chairs or blankets.
Concert - Aug. 27, 2022 - The Winston-Salem Fairgrounds will host an Indoor Concert Series at the Annex Theatre, located at 414 Deacon Blvd in Winston-Salem, featuring music from The B.B. King Experience featuring Claudette King on Saturday, August 27. The show begins at 7 p.m. Parking for all shows is $10. For more information and tickets, visit:
https://www.ticketmaster.com/bb.../event/2D005C6BDD376580
Reggae Music - Aug. 27, 2022 - Wise Man Brewing, located at 826 Angelo Brothers Ave. in Winston-Salem, will host music by the Pure Fiyah Reggae Band on Saturday, August 27 from 5 to 9 p.m. There will also be a tie-dye party in the parking lot from 2 to 6 p.m.
MUSEP - Aug. 28, 2022 - Creative Greensboro’s Music for a Sunday Evening in the Park (MUSEP) Concert Series will host neo-soul music by Emanuel Wynter and contemporary jazz music by Freeport Jazz at Hester Park, located at 3906 Betula St. in Greensboro on Sunday, August 28 beginning at 6 p.m. Concessions will be available onsite via food trucks from Sweet Cold Treats and Funnel Cakes, and Off the Hook. This event is free and open to the public. | https://www.yesweekly.com/news/8-great-things-to-do-in-the-triad-august-24-30/article_54908a5e-2401-11ed-92d2-e78f235182ae.html | 2022-08-25T11:52:04Z | yesweekly.com | control | https://www.yesweekly.com/news/8-great-things-to-do-in-the-triad-august-24-30/article_54908a5e-2401-11ed-92d2-e78f235182ae.html | 1 | 1 | green-iguana-35 | null |
(The Hill) — Borrowers who received student loans after June 30 are not eligible for relief under President Biden’s new initiative canceling a certain amount of debt per borrower.
White House Domestic Policy Council Director Susan Rice confirmed June 30 of this year was the cutoff date during a Wednesday briefing that discussed the new relief initiative.
The Biden administration will cancel $10,000 per borrower for Americans who make less than $125,000 a year, while recipients of the Pell Grant with the same income cap are eligible for $20,000 in relief.
Meanwhile, the student loan payment pause will end Dec. 31, ending a freeze that lasted roughly two years.
The move was long awaited by Democrats and activists who say canceling the debt will help ease the cost of living for the more than 44 million Americans who owe a combined $1.7 trillion in debt.
The Department of Education has information available about the debt relief posted on studentaid.gov.
For now, borrowers are instructed to sign up for email updates on when the applications for the debt relief are officially open. | https://www.wpri.com/news/national/student-loans-received-after-june-30-not-eligible-for-relief/ | 2022-08-25T11:55:13Z | wpri.com | control | https://www.wpri.com/news/national/student-loans-received-after-june-30-not-eligible-for-relief/ | 1 | 1 | green-iguana-35 | null |
After more than four years, the Interstate 66 Express and Route 28 interchange is almost done.
Transportation officials, contractors and politicians held a ceremonial beam-signing Monday morning for the final support beam of the massive construction project that will take drivers from the forthcoming I-66 Outside the Beltway express lanes to Route 28 and vice versa.
On Tuesday, the beam was lifted into place with a single construction crane and bolt-securing workers, marking what the officials said was a significant moment in the final stretch of the $3.7 billion megaproject.
“This is a little bit of a nerdy kind of exercise, to celebrate the last beam, but [there are] 900 beams on this project, and this is the last one on the Route 28 interchange,” Susan Shaw, VDOT’s regional transportation director for Northern Virginia, said Monday.
That morning, silver Sharpies were passed around as dozens of officials and workers left their mark on the North Carolina-made beam.
It was also signed in memory of John Morse, the lead consultant for project management contractor ATCS. In June, Morse was killed by a drunk driver while walking near his Culpeper home.
The beam itself is part of the ramp that will take drivers from the westbound I-66 express lanes to Route 28 north. Thirteen new or reconstructed bridges have been built on the interchange, which officials say cost $300 million alone. Along with the bridges, four traffic signals were removed along the stretch of Route 28, making for a 15-mile corridor with no traffic lights. When the project is complete, the interchange will reconnect Braddock and Walney roads, providing direct access to and from the interstate.
“Everybody knows this project is very challenging. In every single corner, there is something to be solved, an engineering solution needed,” said Pablo Molla, CEO of FAM Construction, the design-build contractor for the project. “But in my opinion … this interchange is the biggest challenge of the whole corridor. The engineering challenge from the inception of the design … relocating utilities, handling all of this traffic, building the amount of bridges.”
VDOT and I-66 Express Mobility Partners say the lanes are still scheduled for a December opening. About 1,000 workers are currently moving through roughly $30 million of work per month along the 22.5-mile project. When they are finally open, 63 bridges will have been constructed and 30 destroyed, with 80,000 tons of rebar used.
Shaw said that as certain stretches of the project are finished, roads will start to look and feel back to normal in some places. But that doesn’t mean that drivers should speed up too much, as work will still be ongoing throughout, meaning that patterns will change, the interstate will narrow and detours will remain. The message on Monday to drivers was that the years-long disruptions were almost over, but still ongoing.
“People just really need to pay attention,” Shaw told InsideNoVa.
The express lanes will run from Route 29 in Gainesville to Interstate 495 using variable pricing intended to keep traffic moving at 55 mph. They’ll also be HOV-3 lanes, meaning access will be free for vehicles carrying three or more people and an EZPass Flex, as well as for all buses.
“These guys have been working 24/7 for many days and many years, and I really appreciate that,” said Javier Gutierrez, CEO of I-66 Express Mobility Partners, the public-private project’s concessionaire. “This is just a small milestone today. It’s good to have, but we have a very intensive four months in front of us to really reach the ultimate goal that is opening at the end of the year.” | https://www.insidenova.com/headlines/i-66-express-route-28-project-hits-milestone/article_6b7c231c-242f-11ed-83ae-e36631b3c058.html | 2022-08-25T11:55:40Z | insidenova.com | control | https://www.insidenova.com/headlines/i-66-express-route-28-project-hits-milestone/article_6b7c231c-242f-11ed-83ae-e36631b3c058.html | 1 | 1 | green-iguana-35 | null |
A top shareholder of Nikola Corporation (NKLA) purchased another three million shares of the heavy-duty commercial battery electric vehicle (BEV) maker. As per a regulatory filing, Trevor R. Milton, founder and former CEO of Nikola, bought NKLA stock at $5.8 per piece on August 24. The total consideration paid for the purchase was $17.4 million.
Notably, post the latest purchase, Trevor has 51,047,726 shares of Nikola held by him or his company M&M Residual LLC. Furthermore, the regulatory filing showed that his wife also owns 1,250,000 shares of Nikola as of date.
As per TipRanks Insider Trading Activity, Trevor, who is a more than 10% owner, had last purchased shares of Nikola in September 2020. Post this, he has been consistently selling NKLA stock through a series of both informative and uninformative sell trades. Interestingly, Trevor has a success rate of 75% on NKLA stock, with an average return of 20.39%.
TipRanks’ Insider Trading Activity Tool also provides a comprehensive list of daily insider transactions and shows which top corporate insiders are buying or selling shares of a publicly listed company. Interestingly, TipRanks also includes a list of hot stocks that boast either a Very Positive or Positive insider confidence signal.
Is Nikola a Buy, Sell or Hold?
On TipRanks, NKLA stock has a Hold consensus rating based on four unanimous Holds. This means that analysts are not too confident of the stock’s trajectory. The average Nikola price forecast of $8.25 implies 38.7% upside potential to current levels. Meanwhile, the stock has lost nearly 42% so far this year.
Ending Thoughts
A majority shareholder buying more of a company’s stock always means there is good news ahead for the stock. For Trevor, the signing of the Inflation Reduction Act (IRA) into a law may have been a driver of optimism for the stock.
NKLA stock is up over 3% in pre-market trading when last checked. Notably, Nikola has plans for enhancing its hydrogen distribution network and is also pilot-testing its hydrogen fuel cell trucks. A Barrons’ report mentioned that companies in the hydrogen fuel segment may be beneficiaries of the IRA, boosting investor confidence. | https://www.tipranks.com/news/former-ceo-just-loaded-up-on-nikola-stock-nasdaqnkla | 2022-08-25T11:56:24Z | tipranks.com | control | https://www.tipranks.com/news/former-ceo-just-loaded-up-on-nikola-stock-nasdaqnkla | 1 | 1 | green-iguana-35 | null |
For a savvy investor, evaluating the best stock research website is essential. These are the platforms that investors use to receive in-depth market research and top-quality analysis. They help investors pick the best stock market investments and can help them minimize risk and maximize their returns. With so many to choose from, we wanted to explore which platform is best. We uncovered the 5 best stock research websites of 2022.
Why Is Choosing the Right Investment Research Website Important?
Stock market websites are used by fund managers, investment professionals, as well as individual investors. Not only do they provide access to the latest information on the stock markets, but they also enable thorough research. With the help of various tools and data, these websites help investors make the right decisions at the right time.
The investment world attracts many different types of people. From the rich to the poor, the young and the old, people understand that the stock market offers exciting opportunities. They hope to invest in multi-bagger stocks with high returns, even outperforming the markets. Investors want to find stocks like Google, Amazon, and Apple early in their growth stage. They imagine making Warren Buffet-like returns.
The reality, however, is more complicated. Investors are often uncertain about how to make the best investment decisions. Adding to their confusion is the all of online advice and recommendations about the next big thing.
It makes sense that investors want a tool that they can rely on for their research and analysis. However, there are a lot of investment research platforms, software, websites, stock rovers, and apps available. We evaluated the pros and cons of the five best stock research websites to see which offers the best service. This information can help you choose the right platform to make informed, profitable decisions.
When and Why Should You Start Investing?
Before choosing the best research platform, let’s answer the big question first. Why is it so important to invest?
While interest rates have remained low for years now, stock markets on average have given huge returns. For instance, over the past decade, the S&P 500 has registered record returns of about 11.5% a year. This implies that the value of an investment portfolio with similar returns to the S&P would have tripled over the last ten years. Now, imagine in that time, the potential of investing in the most promising stocks that generate even higher returns.
It is no wonder that individuals are eager to invest in the stock market. It is why it is so important to invest a portion of your income. The earlier you start investing, the better. Even if you are older, you can potentially create more wealth by starting to invest now.
What are the Factors Guiding Investing Decisions?
Investing decisions in the stock markets are mainly made based on two important approaches: fundamental analysis and technical analysis.
Fundamental analysis involves an in-depth analysis of a company. It includes financial statements, competitive advantages, and related macroeconomic and microeconomic factors that could impact a stock’s future performance. This sort of analysis focuses on understanding a company’s intrinsic value based on the above factors and resulting future estimations. The company’s current stock price is compared to its intrinsic or fair value. This way it is possible to determine whether a stock is undervalued or overvalued.
Technical analysis, in contrast, involves forecasting the direction of stock price movements. This technique is based on an analysis of past market data, especially price trends and volume. Price charts are studied to look for short and long-term stock signals and predict the future stock price movement.
Modern stock research platforms incorporate the best of both fundamental analysis and technical analysis. They offer innovative tools and services to help investors make informed investment decisions.
Importantly, here are the most significant criteria we will look at while choosing an investment research platform:
–Is the data provided comprehensive, accurate, and reliable?
–Does it provide all the tools and analysis an investor needs
–Is it easy to use and user-friendly?
–Does it offer value for money
–What do its customers think about the services offered?
TipRanks
TipRanks’ mission is to “level the playing field” for investors. It provides a choice of institutional-grade research tools that are presented visually. This is so that investors of all levels can use them in their research.
TipRanks is unique in that it presents the ratings and price targets of individual analysts. Most of its peers only give out brokerage recommendations and price targets. This gives investors confidence in knowing which analysts are worth following. It also shows how analysts rank based on their performance track records. You can even see how they perform for the individual stocks they cover.
TipRanks also ranks other experts, including top corporate insiders, hedge fund managers, financial bloggers, and even individual investors.
The platform offers a wide variety of tools. This includes tools that help investors find new ideas. For example, their easy-to-use stock screener enables investors to search for stocks according to different criteria, including unique TipRanks data.
TipRanks also enables a full stock analysis, including alternative datasets such as analyst consensus, news sentiment, website traffic, risk analysis, and financial blogger recommendations. Additionally, TipRanks assigns a “Smart Score” to each stock. The score is based on eight key market factors. Stocks with a maximum score have historically outperformed the S&P 500.
Its Smart Portfolio tool incorporates all of its data to give investors a full analysis of their holdings. Additionally, the site provides stock news and has a streaming service.
What’s more reassuring is that their data is trusted by “over 50 leading financial institutions”, as per the TipRanks website. Its Smart Portfolio tool is used by Nasdaq on its platform.
It also offers flexible subscription models, including monthly payment, or its best value 3-year plan, which includes one free year.
Seeking Alpha
Seeking Alpha provides crowd-sourced stock research, market analysis tools, and trending news. It also offers earning calls transcripts, financial statements as well as dividend and earnings forecasts.
The free plan has a limited offer, including stock analysis email alerts, news updates, stock ratings, stock prices, and charts. However, the Seeking Alpha Premium features include detailed stock research analysis. It has add-on features like quant ratings, author ratings, dividend grades, earnings information, SEC filings, press releases, charts, etc.
Pro plan subscribers get access to top stock ideas, pro content, newsletters, a short ideas portal, and stock screener.
Its Stock Quant Ratings includes the best-rated or very bullish recommendation as well as worst-rated stocks or very bearish calls. The ratings are based on historical data accumulated over the last ten years among other factors. Financial metrics of selected research stocks are compared against peers from the same industry or sector.
It has over a thousand content providers who write articles that are reviewed by their editors. While it’s informative to hear different points of view, it is likely that writers’ opinions differ. This can lead to confusion for investors.
The website presents an impressive amount of data but most of it comes behind a paywall. Seeking Alpha can be expensive. Its topmost service the Pro plan is on the expensive side at $2,399 annually or $199.99 per month.
Motley Fool
Motley Fool wants to “make the world smarter, happier and richer.” It offers a range of market research solutions to improve investors’ decision-making process. The platform uses both a fundamental and technical analysis approach to recommend stocks.
It provides a free, as well as paid premium service to investors globally. Its paid premium membership services include stock recommendations, company analysis, model portfolios, live streaming videos, free market news, etc.
Motley Fool has two popular services: Stock Advisor and Rule Breakers which provide opinions, investment newsletters, and stock recommendations.
Its Stock Advisor gives out stock picking ideas expected to beat the overall market performance. It also provides add-on research and data to support recommendations.
The service gives out Starter Stocks recommendations for new as well as seasoned investors. It also gives two new stock picks and recommendations every month. Additionally, it also offers investors access to the investor community. This offers insights based on the knowledge and experience of other investors.
Its Rule Breakers service lays more emphasis on high-growth stocks that are set to outperform the market in future years. While the high-growth stocks promise higher returns, they come with their own set of risks. This can mean that they tend to be very volatile, especially in difficult macroeconomic conditions.
Further, not every high-growth stock recommended provides positive returns with many of them landing in the negative return territory.
Although first-time subscribers get attractive discounts, their renewal prices tend to get expensive.
Zacks
Zacks Investment Research (or Zacks) provides a comprehensive stock analysis for a subscription-based service based on a fundamental analysis approach. It also has technical analysis tools for trading stocks, like Trading View charts.
Zacks puts a greater emphasis on earnings estimates and their upward or downward revisions. Zacks believes that stocks that exhibit increasing earnings estimates have a higher chance of outperforming the market.
Its free services include market data and information about the stock market and related market and financial news. The platform includes average price targets, brokerage recommendations, earnings, and dividends.
The Zacks Premium service includes the Zacks #1 Rank List, a portfolio of long-term stocks, a premium stock screener, equity research reports, and more.
The popular Zacks Rank feature provides a score to each stock based on value, growth, and momentum. The Zacks Ranks range from 1 to 5 mirroring strong buy to strong sell. Stocks with higher ranks are expected to outperform the markets.
For long-term investors, Zacks offers the Zacks Investor Collection. It includes real-time buy and sell signals and reports for stocks, ETFs, and mutual funds, on top of premium access.
Its Stock Screener allows investors to choose stocks matching their investing criteria. This includes price changes, dividends, EPS estimates, Zack Rank, and others. However, most of the filters are locked and available to premium subscribers only.
Visually, Zacks has a more traditional platform, data, and layout. Based on reviews, not all Zacks Rank #1 stocks have posted positive returns.
MarketBeat
MarketBeat offers a selection of research tools providing real-time financial data and objective market analysis. Their tools are designed to help investors conduct research and arrive at confident decisions based on the data they provide.
The website provides stock market news, ratings, charts, dividends, insider and hedge fund transactions, and more.
MarketBeat has free stock market calendars and a free daily email newsletter. The MarketBeat Daily Ratings email has a summary of analysts’ upgrades and downgrades.
Under its paid plans, MarketBeat provides a premium daily newsletter: MarketBeat Daily Premium. This email enables investors to keep track of their stocks. Further, MarketBeat All Access subscribers have access to a suite of advanced research tools. These tools can be used to analyze their portfolios and research more stocks to take positions.
Conclusion
These 5 top investment research websites have a range of innovative tools that offer valuable insights. They all help investors make important decisions about which stocks to invest in.
Notably, TipRanks’ interface stands out. It offers tools that are interactive and engaging compared to the traditional way of data presentation on various other platforms. Further, it has a strong design element that is visually more appealing in terms of the display of information.
We also thought it was important to see what their customers think. We used the well-known review tool Trustpilot to see how the websites rank and what their reviews tell us.
According to Trustpilot, TipRanks tops the list with a score of 4.5 with an Excellent rating based on 195 reviews.
Second, on the list is Seeking Alpha with a score of 4.3 (based on 86 reviews). It’s worth noting, that Seeking Alpha’s topmost service, Seeking Alpha Pro costs 4 times more TipRanks’ Ultimate subscription.
Third, on the list is MarketBeat with a score of 3.9 (111 reviews).
Motley Fool comes in fourth, with a score of 3.6 (106 reviews).
Last on the list is Zacks Investment Research with a score of 2.2 based on 52 reviews.
When considering the services offered, costs, and what their customers think, TipRanks appears to be the preferred investment research website. It has a competitive edge as it offers alternative datasets that are otherwise available only to institutional investors. It also wins with its user-friendly and interactive interface. TipRanks has an attractive price compared to the other platforms available in the market. And of course, essentially, it is the platform that customers like best according to their reviews. | https://www.tipranks.com/news/labs/5-best-stock-research-websites-of-2022 | 2022-08-25T11:56:31Z | tipranks.com | control | https://www.tipranks.com/news/labs/5-best-stock-research-websites-of-2022 | 1 | 1 | green-iguana-35 | null |
Mastercard (MA) is getting more into crypto business, signing Binance and Bitso as its new crypto card partners. Although Mastercard stock may not yet fit the label of a crypto stock like Coinbase (COIN) or Riot Blockchain (RIOT), it is getting more on the radar of investors seeking crypto exposure.
Crypto Card Deals with Binance and Bitso
Mastercard’s deal with Binance involves support for a prepaid crypto card. Binance is a leading provider of crypto services, including crypto trading. The Binance card lets people pay with cryptocurrencies at stores that accept Mastercard. The card is initially being launched in Argentina and will be rolled out to additional markets in the future.
With the card, you can make everyday purchases with Bitcoin (BTC-USD), Ethereum (ETH-USD), or other cryptocurrencies. The card can be used at more than 90 million merchant locations worldwide. When paying with the card, your crypto is converted into fiat money to settle the bill.
In another important crypto deal, Mastercard has partnered with Bitso on a credit card service. Bitso is a Mexican crypto platform that supports trading and other transactions. Bitso’s crypto credit card, powered by Mastercard, will be offered in Mexico.
The deals with Binance and Bitso expand Mastercard’s crypto exposure. The company’s other major crypto partners include Coinbase, Gemini, Nexo, and BitPay. Mastercard’s crypto business has been fairly successful so far and the company sees more growth opportunities ahead, Mastercard CFO Sachin Mehra told Bloomberg.
Is Mastercard a Good Stock to Buy?
Wall Street professionals are bullish on Mastercard. According to TipRanks’ analyst rating consensus, MA stock is a Strong Buy based on 19 Buys, one Hold, and one Sell. The average Mastercard stock forecast of $412.24 implies over 21% upside potential.
Moreover, MA stock seems to be a favorite of Wall Street elites. TipRanks’ Hedge Fund Trading Activity tool shows that confidence in Mastercard is currently Very Positive. Some 68 hedge funds increased their cumulative holdings of the stock by 7.2 million shares in the last quarter.
Final Thoughts
The growing adoption of crypto in investment and payment presents a great opportunity for Mastercard. As a highly regarded global payment brand, Mastercard’s entry into crypto could bring more credibility to the space. That could lead to more business for the company. While Mastercard may not yet fit the crypto stock tag, it certainly should be watched closely by those interested in crypto exposure.
Read full Disclosure | https://www.tipranks.com/news/mastercard-nysema-stock-in-spotlight-after-two-more-crypto-deals | 2022-08-25T11:56:37Z | tipranks.com | control | https://www.tipranks.com/news/mastercard-nysema-stock-in-spotlight-after-two-more-crypto-deals | 1 | 1 | green-iguana-35 | null |
Using TipRanks’ Top Stock Gainers/Losers tool, we have compiled a list of Thursday’s biggest pre-market stock movers, which is as follows:
Five Biggest Movers
EV giant Tesla Inc. (NASDAQ:TSLA) topped the list on Thursday, with its stock down more than 66% at last check. The dip is witnessed ahead of the company’s 3-for-1 stock split, which comes into effect today. Shareholders of record on August 17 will get two additional shares for each share they own. The decline could be an adjustment in the stock price following the credit of additional shares into shareholders’ accounts after the market closed on Wednesday.
Shares of Montana-based Snowflake Inc. (NYSE:SNOW) jumped 17.6% in Thursday’s early trade on the back of strong fiscal second-quarter revenues and guidance. Revenues increased 83% year-over-year to $497.25 million, beating the consensus estimate of $467.4 million. The cloud-computing company expects product revenue to lie in the range of $500 million to $505 million in the third quarter and $1.905 billion to $1.915 billion in the Fiscal Year 2023.
Next comes software firm Splunk Inc. (NASDAQ:SPLK), which lost 10.4% before the bell. Despite reporting excellent results for the fiscal second quarter that ended July 31, the stock plunged following a reduction in the company’s annual recurring revenue (ARR) guidance for the Fiscal Year 2023 to $3.65 billion from $3.9 billion expected earlier.
California-headquartered Fate Therapeutics Inc. (NASDAQ:FATE) gained almost 9% in the pre-market session on Thursday after closing 2.6% higher on Wednesday. According to a recent report, Swiss National Bank raised its stake in the biopharmaceutical company by 7.8% (13,100 shares) in the first quarter. Following the purchase, the central bank of Switzerland owns 180,600 shares of Fate worth $7 million.
Lastly, Autodesk Inc. (NASDAQ:ADSK) was trading 8.7% up at the time of writing, riding on upbeat fiscal second-quarter results. Revenues increased 17% year-over-year to $1.24 billion, beating the Street’s expectation of $1.22 billion. Adjusted earnings came in at $1.65 per share, higher than the consensus estimate of $1.57 per share and the year-ago figure of $1.21 a share.
Continue to watch this space for possible volatility upon the market open. Tomorrow, we’ll have another up-to-date piece on stock Pre-Market Movers…
Read full Disclosure | https://www.tipranks.com/news/these-stocks-are-the-biggest-pre-market-movers-on-thursday-28 | 2022-08-25T11:56:43Z | tipranks.com | control | https://www.tipranks.com/news/these-stocks-are-the-biggest-pre-market-movers-on-thursday-28 | 1 | 1 | green-iguana-35 | null |
- Want to see at least 3 months of consistent data to know where things are going
- Too soon to say what to expect in September decision
- There is more key data coming
- Full effects of recent rate hikes may not be seen for some time
- Bringing inflation back to our target remains the focus
She is playing down any potential for the Fed to stray away from its current path as she says that "the near-term thinking about higher interest rates seems reasonable to me". But I guess markets have come to terms with that by fading the supposed Fed pivot with the dollar having strengthened back in the past two weeks. So far, there isn't much movement to her remarks at the moment. | https://www.forexlive.com/centralbank/feds-george-there-is-more-work-to-be-done-on-high-inflation-20220825/ | 2022-08-25T11:57:59Z | forexlive.com | control | https://www.forexlive.com/centralbank/feds-george-there-is-more-work-to-be-done-on-high-inflation-20220825/ | 1 | 1 | green-iguana-35 | null |
ASHEVILLE, N.C. (AP) — A federal judge indicated Tuesday that the case of a transgender inmate suing North Carolina for gender-affirming medical care may be likely to proceed.
Kanautica Zayre-Brown sued North Carolina’s Department of Public Safety in April, claiming the prison system has failed to regularly dispense Zayre-Brown’s prescribed hormones and has denied her request for surgical procedure to construct a vagina.
U.S. District Judge Max Cogburn said he may issue an order to reject the state’s motion to dismiss and said he intends to hear arguments in Zayre-Brown’s case, The Charlotte Observer reported. He did not rule on that motion.
Cogburn also didn’t rule on a motion by the American Civil Liberties Union for a preliminary injunction that would have allowed Zayre-Brown to have surgery and receive prescriptions. He is expected to issue his official decision on the motions later.
The ACLU argues Zayre-Brown, who is being held at Anson Correctional Institution, has been denied treatment and gone through the grievance process twice. Lawyers for the department argued she failed to exhaust every possible remedy before bringing the issue to court. Cogburn said the case is important to decide whether people in custody have a right to gender-affirming surgery and care.
The Fourth Circuit Court of Appeals determined last week that gender dysphoria is covered under the Americans with Disabilities Act.
Zayre-Brown has been serving a sentence of up to nearly 10 years since 2017 after being convicted as a habitual offender on insurance fraud charges. In 2019, officials moved Zayre-Brown to the women’s prison after months of review and the threat of a lawsuit. The state had classified Zayre-Brown as a man and placed her in a men’s prison. At the time, she was believed to be the state’s only post-operative transgender prisoner.
Zayre-Brown is scheduled to be released from prison in November 2024. | https://www.wspa.com/news/state-news/nc-transgender-inmates-suit-may-be-likely-to-proceed/ | 2022-08-25T12:07:20Z | wspa.com | control | https://www.wspa.com/news/state-news/nc-transgender-inmates-suit-may-be-likely-to-proceed/ | 1 | 1 | green-iguana-35 | null |
Washington: A bipartisan group of U.S. lawmakers on Monday released a revised version of a bill aimed at making it easier for news organizations to negotiate collectively with platforms like Google and Facebook.
The Journalism Competition and Preservation Act "removes legal obstacles to news organizations' ability to negotiate collectively and secure fair terms from gatekeeper platforms that regularly access news content without paying for its value," according to a news release from the lawmakers.
The group includes Democratic Senator Amy Klobuchar and Republican Senator John Kennedy, both members of the Judiciary Committee, and House Judiciary Committee members David Cicilline, a Democrat, and Ken Buck, a Republican.
A previous version of the bill, introduced in March 2021, was opposed by two technology industry trade groups that Meta Platforms' Facebook, and Alphabet's Google belong to - the Computer & Communications Industry Association and NetChoice.
The updated bill would cover news publishers with fewer than 1,500 full-time employees and non-network news broadcasters. It would allow them to work together to win better deals from Facebook, Google and other large platforms, according to the news release.
The 2021 legislation would have applied to any print, broadcast or digital news organization with a dedicated editorial staff that published at least on a weekly basis. | https://www.onmanorama.com/news/business/2022/08/25/news-companies-vs-big-tech.amp.html | 2022-08-25T12:08:13Z | onmanorama.com | control | https://www.onmanorama.com/news/business/2022/08/25/news-companies-vs-big-tech.amp.html | 1 | 1 | green-iguana-35 | null |
Mortimer & Whitehouse: Gone Fishing is set to return for a fifth series in just over a fortnight's time, meaning viewers don't have long to wait to see comedic duo Paul Whitehouse and Bob Mortimer reunited once again on screen. The multi BAFTA-nominated show, which centres around the pair's angling antics and shared experiences, first aired on BBC2 in 2018.
Described on its website as a 'fishing show that is not really about fishing', the activity acts as a vehicle to help lifelong friends Whitehouse and Mortimer through the trials and tribulations of life. The former is considered the 'expert angler/singer' within the show's premise, while the latter is described as the 'idiot/halfwit'.
A big inspiration behind the show's theme is health, with fishing used by both comedians to 'help each other get over treatment for nearly fatal heart problems'. Whitehouse has had three stents fitted, while Kent resident Mortimer has undergone a triple bypass.
Read more: Bank holiday weekend travel fears with 900 flights axed from UK airports
While preserving good health is at the heart of the show, its wider intent is to offer 'a unique insight into the nature of male friendship and the importance of companionship to a fulfilling life'. As with the previous outings, the fifth series of this beloved show promises to showcase the best of the British countryside.
A brief trailer for the new series features references to sausages, gravy and Bovril - followed by a rallying cry to 'get our fishing heads' on. The new series of Mortimer & Whitehouse: Gone Fishing starts on BBC2 at 9pm and BBC iPlayer on September 9.
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Odeon confirms closure of Canterbury cinema as Curzon announces opening date | https://www.kentlive.news/news/celebs-tv/mortimer--whitehouse-gone-fishing-7508274 | 2022-08-25T12:09:40Z | kentlive.news | control | https://www.kentlive.news/news/celebs-tv/mortimer--whitehouse-gone-fishing-7508274 | 1 | 1 | green-iguana-35 | null |
A 61-year-old man has been charged with attempted murder following an attack in Ashford. Police and paramedics were called to Trinity Road at 1.10pm on Thursday, August 18, following a report that a woman had been assaulted.
Police say she was taken to hospital with an injury consistent with a stab wound. She has since been discharged.
A man was arrested in Ashford later that day. Officers say a man has now appeared in court in connection with the incident.
A Kent Police spokesman said: "Stephen Bangs, 61, of Trinity Road, has since been charged with attempted murder. He appeared before Folkestone Magistrates’ Court on Friday 19 August and was remanded in custody to appear before Maidstone Crown Court on Tuesday 16 September.
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Read next: | https://www.kentlive.news/news/kent-news/ashford-attack-leads-attempted-murder-7508780 | 2022-08-25T12:10:00Z | kentlive.news | control | https://www.kentlive.news/news/kent-news/ashford-attack-leads-attempted-murder-7508780 | 1 | 1 | green-iguana-35 | null |
Exclusive: States with abortion restrictions fail to support pregnant people
States that have enacted abortion restrictions or bans are doing little to "support the health and economic security of pregnant and birthing people and their families," according to a new report from the National Partnership for Women & Families first shared with Axios.
Why it matters: Republicans have sought to position themselves as pro-woman and pro-family in attempts to counter criticism that the party cares about children only before they're born. The report, which comes as three states are poised to enact trigger bans, shows that gaps in policies remain.
Details: Every state that has failed to adopt Medicaid expansion — 12 in total — has implemented some form of restriction on abortion, the report notes. This leaves 2.2 million adults uninsured, the majority of whom are women of color.
- Several states that have abortion restrictions in place also lack postpartum Medicaid coverage beyond 60 days after birth, which the report calls a critical gap given that 33% of pregnancy-related deaths occur in the postpartum period.
- Black women are especially vulnerable as they are 3.5 times more likely to suffer a late maternal death compared to white women.
- But only 11 states and D.C. offer paid leave, including paid parental, family and medical leave, per the report. Most of the states that do not are somewhat or very restrictive on abortion.
- Many of these states also lack workplace protections like fair scheduling and pregnancy accommodations, notes the report, which points to Latina, Black and immigrant workers who are more likely to hold inflexible jobs and be denied requests to have a bottle of water on hand or sit instead of stand.
State of play: "Then, and even more so now, getting care involves navigating multiple barriers, such as needing to travel long distances, take multiple days off from work and/or caregiving responsibilities, make multiple medically unnecessary visits to a provider, and having to pay out of pocket for abortion care," the report states.
- "These barriers are further compounded by lost wages due to a lack of paid leave or sick days, the cost of accommodations and child care, and a lack of personal transportation."
- Such policies have a disproportionate effect on communities of color, according to the report.
- Black and Native women are already three and two times more likely to die from pregnancy-related complications, respectively, compared to white women.
What they're saying: "Abortion bans harm people in one very specific way, but what we wanted to pull out was that intersectionality and the way all of these issues are deeply tied to each other," Shaina Goodman, the National Partnership's director for reproductive health and rights, told Axios.
- When the states that ban abortion are the same states that fail to support pregnant and parenting people, "what does it mean to be forcing people to carry a pregnancy to term?" Goodman said.
- These policies "are not interchangeable," added Sharita Gruberg, vice president of economic justice at the National Partnership. "It's holistic needs ... a range of supports that we need and rights protected," she said, pointing to legislation like the Pregnant Workers Fairness Act.
- "It's not that you can swap out paid leave for abortion access. It's both and, because the benefits are mutually reinforcing, as well as the harms of removing any of these basic safeguards are mutually reinforcing." | https://www.axios.com/2022/08/25/abortion-economic-security-states | 2022-08-25T12:11:44Z | axios.com | control | https://www.axios.com/2022/08/25/abortion-economic-security-states | 1 | 1 | green-iguana-35 | null |
Texas threatens divestments from alleged energy-boycotting banks
The state's chief financial officer has unveiled a first-ever list of 10 financial firms — many of them heavy hitters — that he says "boycott energy companies."
Why it matters: Determined to protect the oil and gas industry, state lawmakers last year demanded that firms that boycott energy companies be cut off from doing business with Texas.
- BlackRock, BNP Paribas, Credit Suisse and UBS are among the companies that made the list.
- Public pledges to meet environmental standards beyond federal and state requirements were among the criteria weighed by comptroller staff in building the list.
What they're saying: State comptroller Glenn Hegar accused financial institutions of "doublespeak … as they engage in anti-oil and gas rhetoric publicly yet present a much different story behind closed doors."
- "This list represents our initial effort to shine a light on entities that are engaging in these practices and create some clarity for Texans whose tax dollars may be working to directly undermine our state's economic health," Hegar said in a statement.
Details: State governmental entities that may be forced to divest from the financial firms include pension funds for state employees, teachers and emergency service workers.
- The Texas Teacher Retirement System (TRS) alone — the largest public retirement system in Texas — has assets totaling about $200 billion.
- The TRS will "divest any applicable listed securities while exercising our fiduciary responsibilities to the fund," pension fund spokesperson Kaylee Nemec tells Axios.
The other side: "BlackRock does not boycott fossil fuels—investing over $100 billion in Texas energy companies on behalf of our clients proves that," company spokesperson Brian Beades told Axios.
- "Elected and appointed public officials have a duty to act in the best interests of the people they serve. Politicizing state pension funds, restricting access to investments, and impacting the financial returns of retirees, is not consistent with that duty."
- Of note: BlackRock's CEO has used his firm's influence to press other companies to reduce greenhouse gas emissions.
- "We firmly disagree with the comptroller's decision to include UBS in this list," UBS spokesperson Erica Chase tells Axios. "We provided their office with extensive information on our policies and practices, demonstrating that UBS does not boycott energy companies even under a broad interpretation of Texas law."
Between the lines: The politics around investments may be costing Texans.
- Texas cities may have had to pay an additional half-billion dollars in interest on $32 billion in bonds, eight months into a new law that barred municipalities from contracting with banks that have adopted certain environmental, social and corporate governance policies, per a study published in June by a Wharton professor and Federal Reserve economist.
Dive deeper: This summer, Axios revealed how standard provisions buried deep in Texas contracts help state officials exert political leverage on companies hungry to win — and keep — business with government entities.
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Panaji: Goa Police on Thursday pressed a charge of murder against two associates of BJP leader Sonali Phogat after a post-mortem report mentioned that there were "multiple blunt force injuries" on her body.
Section 302 (murder) of the Indian Penal Code was added to the case related to the death of the 42-year-old leader, a senior police official told PTI here.
Sudhir Sagwan and Sukhwinder Wasi, who had accompanied Phogat when she arrived in Goa on August 22, were named as accused in the case, he added.
Her brother Rinku Dhaka had filed a complaint against the two men at Anjuna Police Station on Wednesday.
On Thursday, autopsy was conducted on Phogat's body at the Goa Medical College and Hospital.
(To be updated) | https://www.onmanorama.com/news/india/2022/08/25/bjp-mla-sonali-phogat-murder.amp.html | 2022-08-25T12:12:21Z | onmanorama.com | control | https://www.onmanorama.com/news/india/2022/08/25/bjp-mla-sonali-phogat-murder.amp.html | 1 | 1 | green-iguana-35 | null |
Panaji: Goa Police on Thursday pressed a charge of murder against two associates of BJP leader Sonali Phogat after a post-mortem report mentioned that there were "multiple blunt force injuries" on her body.
Section 302 (murder) of the Indian Penal Code was added to the case related to the death of the 42-year-old leader, a senior police official told PTI here.
Sudhir Sagwan and Sukhwinder Wasi, who had accompanied Phogat when she arrived in Goa on August 22, were named as accused in the case, he added.
Her brother Rinku Dhaka had filed a complaint against the two men at Anjuna Police Station on Wednesday.
On Thursday, autopsy was conducted on Phogat's body at the Goa Medical College and Hospital.
(To be updated) | https://www.onmanorama.com/news/india/2022/08/25/bjp-mla-sonali-phogat-murder.html | 2022-08-25T12:12:27Z | onmanorama.com | control | https://www.onmanorama.com/news/india/2022/08/25/bjp-mla-sonali-phogat-murder.html | 1 | 1 | green-iguana-35 | null |
NPR's Rachel Martin talks to Democratic Sen. Elizabeth Warren of Massachusetts about the Biden administration's plan to forgive some college debt owed by millions of American students.
Copyright 2022 NPR
NPR's Rachel Martin talks to Democratic Sen. Elizabeth Warren of Massachusetts about the Biden administration's plan to forgive some college debt owed by millions of American students.
Copyright 2022 NPR | https://www.klcc.org/2022-08-25/sen-elizabeth-warren-has-been-pushing-for-student-loan-relief-for-years | 2022-08-25T12:12:34Z | klcc.org | control | https://www.klcc.org/2022-08-25/sen-elizabeth-warren-has-been-pushing-for-student-loan-relief-for-years | 1 | 1 | green-iguana-35 | null |
Biden's student debt relief will help thousands in Colorado
President Biden's decision to waive up to $10,000 in student loan debt will come as a welcome relief to many in Colorado.
What's happening: Individual borrowers can cancel $10,000 of debt if they make less than $125,000 or have a combined household income of less than $250,000, the White House announced Wednesday.
- Pell Grant recipients are eligible for $20,000 in relief.
By the numbers: An estimated 771,000 Colorado residents collectively owe about $29 billion in student loans, according to federal figures.
- People aged 62 and older owe the most on average, at $49,536, followed closely by ages 50-61 with an average debt of $49,318.
What they're saying: "I was wanting something more equitable," Denver's Shanique Broom told our partners at Chalkbeat. "But realistically, with how this government, this administration, just like our country has operated, I didn’t even expect this."
Of note: It's unclear how many borrowers in Colorado will benefit from the program.
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Second region now open for enrolment for rare, rapidly progressive, neurodegenerative disease
MELBOURNE, Australia and SAN FRANCISCO, Aug. 25, 2022 /PRNewswire/ -- Alterity Therapeutics (ASX: ATH, NASDAQ: ATHE) ("Alterity" or "the Company"), a biotechnology company dedicated to developing disease modifying treatments for neurodegenerative diseases, today announced the Company's Phase 2 clinical trial of ATH434 for the treatment of patients with Multiple System Atrophy (MSA) is now open for enrolment in the United Kingdom.
"Our Phase 2 clinical trial continues to progress as planned with the launch of the study in the UK for patients with MSA," said David Stamler, M.D., Chief Executive Officer, Alterity. "In a short period of time we have now commenced enrolment in our second region, and we look forward to broadening our reach over the next several months. Because MSA is a rare disease, we are committed to providing access to the trial to eligible patients globally."
About ATH434 Phase 2 Clinical Trial
The Phase 2 clinical trial is a randomized, double-blind, placebo-controlled investigation of ATH434 in patients with early-stage MSA. The study will explore the effect of ATH434 treatment on neuroimaging and protein biomarkers, such as excess brain iron and aggregating α-synuclein, which are important contributors to MSA pathology. Clinical endpoints will permit comprehensive assessment of ATH434 efficacy along with characterization of safety and pharmacokinetics. The use of wearable sensors will allow evaluation of motor parameters that are important in patients with MSA. The study is expected to enroll approximately 60 adult patients to receive one of two dose levels of ATH434 or placebo. Patients will receive treatment for 12 months which will provide an opportunity to detect changes in efficacy endpoints to optimize design of a definitive Phase 3 study. Additional information on the Phase 2 trial can be found by ClinicalTrials.gov Identifier: NCT05109091.
About ATH434
Alterity's lead candidate, ATH434, is the first of a new generation of small molecules designed to inhibit the aggregation of pathological proteins implicated in neurodegeneration. ATH434 has been shown preclinically to reduce α-synuclein pathology and preserve nerve cells by restoring normal iron balance in the brain. In this way, it has excellent potential to treat Parkinson's disease as well as various forms of atypical Parkinsonism such as Multiple System Atrophy (MSA). ATH434 successfully completed Phase 1 studies demonstrating the agent is well tolerated, orally bioavailable, and achieved brain levels comparable to efficacious levels in animal models of MSA. ATH434 has been granted Orphan designation for the treatment of MSA by the U.S. FDA and the European Commission.
About Multiple System Atrophy
Multiple System Atrophy (MSA) is a rare, neurodegenerative disease characterized by failure of the autonomic nervous system and impaired movement. The symptoms reflect the progressive loss of function and death of different types of nerve cells in the brain and spinal cord. It is a rapidly progressive disease and causes profound disability. MSA is a Parkinsonian disorder characterized by a variable combination of slowed movement and/or rigidity, autonomic instability that affects involuntary functions such as blood pressure maintenance and bladder control, and impaired balance and/or coordination that predisposes to falls. A pathological hallmark of MSA is the accumulation of the protein α-synuclein within glia, the support cells of the central nervous system, and neuron loss in multiple brain regions. MSA affects approximately 15,000 individuals in the U.S., and while some of the symptoms of MSA can be treated with medications, currently there are no drugs that are able to slow disease progression and there is no cure.1
1National Institute of Health: Neurological Disorders and Stroke, Multiple System Atrophy Fact Sheet
About Alterity Therapeutics Limited
Alterity Therapeutics is a clinical stage biotechnology company dedicated to creating an alternate future for people living with neurodegenerative diseases. The Company's lead asset, ATH434, has the potential to treat various Parkinsonian disorders. Alterity also has a broad drug discovery platform generating patentable chemical compounds to intercede in disease processes. The Company is based in Melbourne, Australia, and San Francisco, California, USA. For further information please visit the Company's web site at www.alteritytherapeutics.com.
Authorisation & Additional information
This announcement was authorized by David Stamler, CEO of Alterity Therapeutics Limited.
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SOURCE Alterity Therapeutics | https://www.wbko.com/prnewswire/2022/08/25/alterity-therapeutics-launches-ath434-phase-2-clinical-trial-treatment-patients-with-multiple-system-atrophy-europe/ | 2022-08-25T12:12:46Z | wbko.com | control | https://www.wbko.com/prnewswire/2022/08/25/alterity-therapeutics-launches-ath434-phase-2-clinical-trial-treatment-patients-with-multiple-system-atrophy-europe/ | 1 | 1 | green-iguana-35 | null |
RTD's new police chief comes with a prickly past
The Regional Transportation District's newly appointed police chief is bringing some baggage to Denver.
Driving the news: RTD officials this week named Joel Fitzgerald Sr. to lead the district's small safety arm, which spans eight counties and 40 cities across the metro.
- The Philadelphia native has master's and doctorate degrees in business administration, plus three decades of law enforcement experience — including serving as police chief in four cities.
Yes, but: The last three years of Fitzgerald's public safety career have proven prickly.
Fitzgerald resigned earlier this month as police chief in Waterloo, Iowa — a little more than two years into the job — amid backlash that drew national attention to his attempts to reform the agency.
- Among the changes he ordered was the removal of insignia that resembled a Ku Klux Klan dragon. Other moves included department-wide bans on chokeholds and racial profiling.
- Fitzgerald, Waterloo's first Black police chief, said at the time that the attacks were driven by racism and misinformation.
What else: In 2019, city leaders in Fort Worth, Texas, fired Fitzgerald, who had led their police force for nearly four years, to do what was "best" for the community and the department.
- Local officials said he had shown failures as chief, and claimed a confrontation between him and a state union official at a national conference was the final straw.
- Fitzgerald has since filed a whistleblower lawsuit which remains ongoing, he told Denver reporters on Tuesday. He claims he was targeted for investigating city employees' use of a sensitive federal law enforcement database.
What they're saying: "The one thing that I expect out of every police officer is to demonstrate integrity, even when no one's looking. And as the chief of police, you can count on me doing the right thing when no one's looking," Fitzgerald told reporters at a Tuesday news briefing.
Of note: In 2019, Fitzgerald withdrew his name from a bid to be Baltimore's police commissioner after the Baltimore Sun revealed he overstated some of the achievements on his resume.
- Misrepresentations included his role in lowering crime rates, improving racial profiling reporting and overseeing a body camera program.
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Blank IMAX will not return to Des Moines
The Science Center of Iowa will not reopen the Blank IMAX Dome Theater after water damage caused severe damage to the theater and film projector in 2018, Curt Simmons, president of SCI, told Axios Wednesday.
Yes, but: That 6,000 square-foot space isn't going to sit empty — SCI is undergoing a $20 million capital campaign to redevelop the space.
- Details are sparse at the moment, but expect a major renovation that could include adding multiple levels and "substantially increase" public programming space, Simmons says.
Flashback: Heavy rains in June 2018 flooded hundreds of homes and businesses in central Iowa, including the IMAX theater, which was the first of its kind in Des Moines when it opened in 2005.
- Flooding damaged the roof, specialized movie screen, projector, audio system and film collection.
But SCI struggled to get reimbursed for the damage from their insurance company, filing a lawsuit in 2020 that accused Philadelphia Insurance Company of underpaying claims for damaged equipment.
- It ended in a settlement this year for an undisclosed amount of money.
What's next: SCI is still fundraising for its capital campaign and plan on sharing more detailed plans with the public soon.
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Thiruvananthapuram: Congress leader Rahul Gandhi will meet people from various sections of society, including the youth, farmers groups, fisherfolk and those belonging to the poor and marginalised strata during his Bharat Jodo Yatra through Kerala to highlight the problems in the country and the BJP-ruled Centre's alleged anti-people policies, party leaders said here on Thursday.
KPCC working president and state coordinator of the yatra, Kodikunnil Suresh MP said the journey through Kerala will cover 450 kms across seven districts in 19 days.
Suresh said the decision to hold the 'yatra', which will cover 3,750 km from Kanyakumari in Tamil Nadu to Jammu and Kashmir over a period of 150 days, was taken at the Chintan Shivir held in Udaipur, Rajasthan in May this year.
The objective of the yatra, which will touch 12 states and the national capital, was to strongly oppose the Narendra Modi government at the Centre and the RSS agenda for the country.
It was also aimed at uniting all the democratic and secular groups to prevent the ruling dispensation at the Centre from retaining power in 2024, he also said.
Giving details of how the 'yatra' which will proceed after it reaches the southern state on September 11, the Congress MP said that each day Gandhi and his entourage of around 300 supporters would walk 25 kilometers in two shifts -- one from 7 AM to 10 AM and other from 4PM to 7 PM.
"The intervening period would be utilised to meet prominent persons, writers and scholars, the youth, farmers groups, fisherfolk groups as well as those belonging to the poor and marginalised strata of society.
"These interactions would be used to hear the people's grievances and suggestions and also make them aware of the allegedly disastrous policies of the Centre as well as the non-Congress ruled states," Suresh said.
He also said that the yatra's National-level coordinator and veteran Congress leader Digvijaya Singh along with AICC general secretary Jairam Ramesh would be arriving in the state on August 30 in connection with the campaign and any additional directions they give would be incorporated in the arrangements.
Giving details of those who would be accompanying Gandhi on the yatra, Suresh said out of the 300, as many as 100 are those selected by the All India Congress Committee (AICC) and they would be with Gandhi throughout his 150-day long journey.
Of the remaining, 100 would be from the state that the yatra is passing through and 100 would be from the states the yatra is not going through, he said adding that the latter group would be joining in rotations.
In Kerala, the yatra would enter at Parassala close to the border with Tamil Nadu and would travel 450 km to Nilambur in Malappuram over a 19-day period, he said.
Suresh, accompanied KPCC vice-president V T Balram, also told the media that travel and stay arrangements have been made across the state for the 300 strong core group accompanying Gandhi.
Besides that, welcome committees and coordinators from the state to the block level have been selected to ensure the yatra is a huge success in the state, they said.
At the block level, Congress workers have been instructed to go door to door and spread awareness about the yatra and also collect donations for the same, Suresh added.
Despite Onam being around the corner, party leaders and workers are keeping aside their celebrations and focusing on making the campaign to unite the country a success, he further said. | https://www.onmanorama.com/news/india/2022/08/25/rahul-gandhi-congress-in-kerala-bharat-jodo-yatra.html | 2022-08-25T12:13:06Z | onmanorama.com | control | https://www.onmanorama.com/news/india/2022/08/25/rahul-gandhi-congress-in-kerala-bharat-jodo-yatra.html | 1 | 1 | green-iguana-35 | null |
1 hour ago - News
The Iowa Events Center roofs could become solar fields
The rooftops of the Iowa Events Center could become solar fields under new discussions among county officials, the site's general manager Chris Connolly tells Axios.
Why it matters: It would be a big investment.
- It could also help Polk County reach its environmental goal set last year to reduce greenhouse gas emissions from its operations by 90% by 2040.
Catch up fast: The IEC is a complex of buildings owned by Polk County that include Wells Fargo Arena, Community Choice Credit Union Convention Center and Hy-Vee Hall.
- Some of the roofs are nearly two decades old and nearing stages when extensive repairs or replacements will be necessary.
The intrigue: Solar installation might be made more cost efficient if done in conjunction with upcoming roof work.
- The potential scope and costs of the roof and solar projects have not yet been evaluated, Connolly tells us.
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Minnesota State Fair: What to know about this year's events
The 2022 Minnesota State Fair begins Thursday, kicking off 12 days of end-of-summer fun.
The big picture: It's the first "normal" fair since the pandemic; 2020 was canceled and 2021 was hampered by uncertainty, COVID concerns and bad weather.
- "It just has a whole different feel than 2021," State Fair general manager Jerry Hammer told Axios of the preparations.
State of play: Fair officials are planning for attendance of roughly 1.7 million, shy of 2019's record 2.1 million visitors.
- Hammer said vendors are "in a much better place this year," with many of last year's labor shortage and supply chain issues resolved. Most vendors that survived the pandemic returned, he added.
Yes, but: The fair isn't immune to inflation, which means fairgoers might encounter higher prices beyond tickets, which are up $1 from last year.
- "I expect things will cost more for vendors, for everybody," Hammer said. "If you're in business at all, you're not immune due to inflation."
What's new: In addition to new fair foods and drinks, such as Pickle Pizza and White Claw slushies, the Midway is adding several new roller coasters, Blue Ribbon Bingo and a host of other attractions.
- This year's concert line-up, meanwhile, includes The Beach Boys, Pitbull, Florida Georgia Line and Portugal. The Man.
Yes, and: Gerry Kulzer will take over the butter bust creation for Linda Christensen, who retired last year after decades in the Dairy Building.
Threat level: Low, according to Department of Public Safety Commissioner John Harrington. But that hasn't stopped officials from putting together what he called the "most robust and the most versatile and most flexible plan" he's seen in his decades in local law enforcement.
- The plan includes 200 officers from 55 agencies across the state and enhanced security inside and outside the gates. Metal detectors will be at the entrances again this year.
Details: The fair is open daily from 7 am to 11 pm through Labor Day, when it closes at 9 pm.
- Tickets can be purchased online, at some local grocery stores or at the fairgrounds.
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The 2020-2022 Hyundai Palisade and Kia Telluride three-row SUVs are being recalled for a short circuit in the tow hitch harness that can cause a fire. The SUVs could catch fire while driving or while parked with the engine off, prompting the brands to advise owners to park their vehicles outside and away from buildings, garages, and other structures until the issue is remedied, the NHTSA disclosed on Tuesday.
Even though the Korean brands are owned by the same multinational company overseas, they operate independently in North America and are conducting this recall differently. Hyundai will recall every Palisade sold in the U.S. since the winning SUV’s launch for the 2020 model year, totaling 245,000 SUVs despite only 40,480 of them being equipped at dealers with the faulty tow hitch wiring harness.
Kia is recalling only 36,417 units of the 2020-2022 Kia Telluride equipped with a 4-pin harness supplied by Mobis Parts America. That particular harness assembly was swapped out for a 7-pin harness beginning with the 2021 Telluride. Both tow hitch harnesses were purchased as dealer installed options (DIO). The older, faulty harness could have been installed on later models, which is why Kia is recalling more than just the 2020 Telluride. But unlike Hyundai, Kia is also only recalling those models with the hitch installed in North America.
It is believed that moisture could trigger a short circuit, which then could spark a fire in the tow hitch harness. Hyundai says owners can continue driving the vehicles, but that they should be parked outside away from structures until the recall is completed. Hyundai reported 19 known cases of the harness module melting, including three instances of vehicle fires between January 2020 and July 15, 2022.
Owners should expect notification by mail as early as Oct. 14 and reimbursement as well as repair costs will be covered by Hyundai and Kia. Palisade owners can contact Hyundai customer service at 1-855-371-9460 or visit their recall website. Telluride owners can contact Kia customer service at 1-800-333-4542 or visit their recall website.
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- Most mid-size cars fail new side crash test instituted by the IIHS | https://www.wpri.com/automotive/internet-brands/hyundai-palisade-kia-telluride-suvs-recalled-for-increased-fire-risk/ | 2022-08-25T12:14:45Z | wpri.com | control | https://www.wpri.com/automotive/internet-brands/hyundai-palisade-kia-telluride-suvs-recalled-for-increased-fire-risk/ | 1 | 1 | green-iguana-35 | null |
WESTERVILLE, Ohio, Aug. 25, 2022 /PRNewswire/ -- Lancaster Colony Corporation (Nasdaq: LANC) today reported results for the company's fiscal fourth quarter and fiscal year ended June 30, 2022.
Summary
- Consolidated fourth quarter net sales increased 17.3% to a record $452.4 million. Retail segment net sales grew 8.8% in the quarter to $233.1 million while Foodservice segment net sales advanced 28.1% to $219.3 million.
- Consolidated gross profit improved 1.8% to a fourth quarter record $98.4 million.
- Consolidated gross profit margin was 21.8%, down 330 basis points versus last year's fourth quarter, but improved 480 basis points from this year's fiscal third quarter.
- Consolidated fourth quarter operating income declined $7.2 million to $33.7 million, including the unfavorable impact of $10.5 million in restructuring and impairment charges.
- Fourth quarter net income was $1.06 per diluted share versus $1.15 per diluted share last year. The restructuring and impairment charges reduced net income by $0.29 per diluted share.
CEO David A. Ciesinski commented, "We were pleased to report record fourth quarter sales and gross profit despite the difficult operating environment. I am also glad to share that the implementation phase of our ERP initiative, Project Ascent, which commenced July 1, is off to a great start with no notable concerns. Customer fulfillment levels remained strong before and after the system cutover with no unplanned disruptions in receiving orders, producing products or shipping orders. I extend my sincere thanks to all our associates here at Lancaster Colony for the tremendous effort they put forth to reach this important Project Ascent milestone, and for their ongoing support of this critical initiative to position our business for continued growth and success."
"In both our Retail and Foodservice segments, fourth quarter net sales benefited from continued pricing actions taken to offset inflationary costs and incremental sales attributed to advance ordering by our customers near the end of the quarter ahead of our ERP go-live. Excluding the impact of the pricing and advance ordering, Retail segment sales volumes benefited from higher demand for our frozen garlic bread and frozen dinner rolls along with volume gains for Olive Garden® dressings. In the Foodservice segment, also excluding the impact of the pricing and advance ordering, sales volumes were driven by growth from select customers in our mix of national chain restaurant accounts and higher demand for our branded products."
"In our fiscal fourth quarter, we continued to experience extraordinary inflation for raw materials, packaging and freight at levels similar to those we endured in our fiscal third quarter. Through the benefit of our ongoing pricing actions, we made good progress in reducing the gap between our price levels and the inflationary costs as indicated by the sequential improvement in our reported gross profit margin, an increase of 480 basis points from our fiscal third to fourth quarter."
"Looking ahead to fiscal 2023, our Retail sales will benefit from another round of pricing on our dressing and sauce products that took effect in early August. We expect continued growth from our licensing program behind new items, but Retail sales volumes will also face offsets from consumer demand elasticity and the ongoing impact of fiscal 2022 rationalization initiatives for some of our low-margin products. In Foodservice, we expect sales volumes to be led by growth from select quick-service restaurant customers in our mix of national chain restaurant accounts while the external factors of a slowing economy and changes in consumer sentiment may dampen demand."
"It is important to note that our fiscal 2023 first quarter sales will be unfavorably impacted by the advance ordering that occurred in our fiscal fourth quarter as mentioned above. In addition, we are currently forecasting a notable increase in our commodity costs in the coming year versus fiscal 2022 and higher costs for other items such as packaging, labor and freight to pose a headwind to our financial results. To help mitigate these rising costs, beyond the pricing actions taken in fiscal 2022, we recently implemented the aforementioned round of pricing for dressings and sauces in our Retail segment while our Foodservice segment will continue to realize offsets to increased commodity and freight costs through contractual-based inflationary pricing. Our cost savings programs and other net price realization efforts will also help to offset the unfavorable impacts of inflation in the year ahead. Finally, the implementation phase for Project Ascent will continue throughout fiscal 2023 as we integrate additional plants and warehouses into our new ERP network."
Fourth Quarter Results
Consolidated net sales increased 17.3% to a fourth quarter record $452.4 million. Advance customer orders ahead of our ERP go-live accounted for an estimated $25 million in incremental net sales in the fourth quarter, of which approximately $11 million was Retail and the remaining $14 million Foodservice. Retail segment net sales grew 8.8% to $233.1 million, including the benefits of pricing and advance customer orders. Retail segment sales volumes, measured in pounds shipped, decreased 2% including the favorable impact of the advance ordering and the unfavorable impact of some planned product line rationalizations, and compares to a notable volume increase of 9% in the prior year. Excluding the advance ordering and product line rationalizations, Retail segment sales volumes declined 1%. In the Foodservice segment, net sales increased 28.1% to $219.3 million. Foodservice sales volumes, measured in pounds shipped, increased 2% including the benefit of the advance ordering. Excluding the favorable impact of advance ordering, Foodservice sales volumes declined 4% as influenced by our decision to discontinue certain lower-margin product offerings and a comparison to strong growth last year. In the prior-year quarter, Foodservice sales volumes were up a significant 29%.
Consolidated gross profit increased 1.8% to a fourth quarter record $98.4 million. Gross profit benefited from the pricing actions implemented throughout the year, including the action taken for our Retail frozen bread products midway through the fourth quarter. The increase in gross profit also reflects an estimated $5 million benefit from the approximately $25 million in incremental sales attributed to the advance customer orders ahead of our ERP go-live. While our gross profit margin showed sequential improvement from the fiscal third quarter, compared to last year our fiscal fourth quarter gross profit margin declined 330 basis points. Notable contributors to the gross margin decline include the inherent margin dilution with a dollar-for-dollar match between pricing and cost of sales inflation, along with the ongoing unfavorable impacts of significantly higher commodity and packaging costs; higher freight and warehousing costs; increased labor costs; increased costs to service the shifting demands of our business; and overall lower productivity.
SG&A expenses decreased $1.6 million to $54.2 million, due in part to a lower level of consumer spending compared to the prior year. Expenditures for Project Ascent totaled $11.0 million in the current-year quarter versus $10.3 million last year.
The restructuring and impairment charges of $10.5 million include the unfavorable impact of a noncash $8.8 million impairment charge to reduce the carrying value of the tradename intangible asset of Angelic Bakehouse, Inc. This impairment charge is reflected in the Retail segment.
Consolidated operating income declined $7.2 million to $33.7 million as the $1.7 million increase in gross profit and $1.6 million reduction in SG&A expenses were more than offset by the $10.5 million in restructuring and impairment charges. The incremental sales attributed to advance customer orders ahead of our ERP go-live added an estimated $5 million to consolidated operating income.
Net income decreased $2.7 million to $29.0 million, or $1.06 per diluted share, versus $31.7 million, or $1.15 per diluted share, last year. The restructuring and impairment charges reduced net income by $8.1 million, or $0.29 per diluted share. Expenditures for Project Ascent reduced net income by $8.4 million, or $0.31 per diluted share, in the current-year quarter compared to $7.9 million, or $0.28 per diluted share, in the prior-year quarter. Net income and earnings per diluted share in the current-year quarter also reflect the benefit of a lower tax rate due to the impact of nonrecurring favorable state tax adjustments.
Fiscal Year Results
For the fiscal year ended June 30, 2022, net sales increased 14.3% to $1.7 billion compared to $1.5 billion a year ago. Net income for the fiscal year totaled $89.6 million, or $3.25 per diluted share, versus the prior-year amount of $142.3 million, or $5.16 per diluted share. In fiscal 2022, expenditures for Project Ascent decreased net income by $30.1 million, or $1.09 per diluted share, restructuring and impairment charges reduced net income by $26.9 million, or $0.98 per diluted share, and changes in contingent consideration increased net income by $2.7 million, or $0.10 per diluted share. In fiscal 2021, expenditures for Project Ascent decreased net income by $28.9 million, or $1.05 per diluted share, impairment charges reduced net income by $0.9 million, or $0.03 per diluted share, and changes in contingent consideration increased net income by $4.3 million, or $0.16 per diluted share.
Conference Call on the Web
The company's fourth quarter and fiscal year-end conference call is scheduled for this morning, August 25, at 10:00 a.m. ET. Access to a live webcast of the call is available through a link on the company's Internet home page at www.lancastercolony.com. A replay of the webcast will also be made available on the company's website.
About the Company
Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice channels.
Forward-Looking Statements
We desire to take advantage of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 (the "PSLRA"). This news release contains various "forward-looking statements" within the meaning of the PSLRA and other applicable securities laws. Such statements can be identified by the use of the forward-looking words "anticipate," "estimate," "project," "believe," "intend," "plan," "expect," "hope" or similar words. These statements discuss future expectations; contain projections regarding future developments, operations or financial conditions; or state other forward-looking information. Such statements are based upon assumptions and assessments made by us in light of our experience and perception of historical trends, current conditions, expected future developments; and other factors we believe to be appropriate. These forward-looking statements involve various important risks, uncertainties and other factors, many of which are beyond our control and could be amplified by the COVID-19 pandemic, which could cause our actual results to differ materially from those expressed in the forward-looking statements. Some of the key factors that could cause actual results to differ materially from those expressed in the forward-looking statements include:
- inflationary pressures resulting in higher input costs;
- efficiencies in plant operations and our overall supply chain network;
- adverse changes in freight, energy or other costs of producing, distributing or transporting our products;
- significant shifts in consumer demand and disruptions to our employees, communities, customers, supply chains, production planning, operations, and production processes resulting from the impacts of COVID-19 and other epidemics, pandemics or similar widespread public health concerns and disease outbreaks;
- the reaction of customers or consumers to pricing actions we take to offset inflationary costs;
- fluctuations in the cost and availability of ingredients and packaging;
- dependence on contract manufacturers, distributors and freight transporters, including their operational capacity and financial strength in continuing to support our business;
- the impact of customer store brands on our branded retail volumes;
- capacity constraints that may affect our ability to meet demand or may increase our costs;
- adequate supply of labor for our manufacturing facilities;
- cyber-security incidents, information technology disruptions, and data breaches;
- complexities related to the implementation of our new enterprise resource planning system;
- geopolitical events, such as Russia's recent invasion of Ukraine, that could create unforeseen business disruptions and impact the cost or availability of raw materials and energy;
- the potential for loss of larger programs, including licensing agreements, or key customer relationships;
- changes in demand for our products, which may result from loss of brand reputation or customer goodwill;
- price and product competition;
- the possible occurrence of product recalls or other defective or mislabeled product costs;
- the success and cost of new product development efforts;
- the lack of market acceptance of new products;
- the extent to which recent and future business acquisitions are completed and acceptably integrated;
- the ability to successfully grow recently acquired businesses;
- dependence on key personnel and changes in key personnel;
- the effect of consolidation of customers within key market channels;
- maintenance of competitive position with respect to other manufacturers;
- stability of labor relations;
- changes in estimates in critical accounting judgments;
- the impact of any regulatory matters affecting our food business, including any required labeling changes and their impact on consumer demand;
- the outcome of any litigation or arbitration;
- the impact of fluctuations in our pension plan asset values on funding levels, contributions required and benefit costs; and
- risks related to other factors described under "Risk Factors" in other reports and statements filed by us with the Securities and Exchange Commission, including without limitation our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q (available at www.sec.gov).
Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update such forward-looking statements, except as required by law. Management believes these forward-looking statements to be reasonable; however, you should not place undue reliance on statements that are based on current expectations.
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SOURCE Lancaster Colony Corporation | https://www.wbko.com/prnewswire/2022/08/25/lancaster-colony-reports-fourth-quarter-fiscal-year-results/ | 2022-08-25T12:15:52Z | wbko.com | control | https://www.wbko.com/prnewswire/2022/08/25/lancaster-colony-reports-fourth-quarter-fiscal-year-results/ | 1 | 1 | green-iguana-35 | null |
NASHVILLE, Tenn. (AP) — Four more Republican-led states will ban almost all abortions this week as yet another slate of laws severely limiting the procedure takes effect following the U.S. Supreme Court’s decision to overturn Roe v. Wade.
To date, 13 states have passed so-called trigger laws that were designed to outlaw most abortions if the high court threw out the constitutional right to end a pregnancy. The majority of those states began enforcing their bans soon after the June 24 decision, but Idaho, Tennessee and Texas had to wait 30 days beyond when the justices formally entered the judgment, which happened several weeks after the ruling was announced.
That deadline is up Thursday. Meanwhile, North Dakota’s trigger law is scheduled to take effect Friday.
The change will not be dramatic. All of these states except North Dakota already had anti-abortion laws in place that largely blocked patients from accessing the procedure. And the majority of the clinics that provided abortions in those areas have either stopped offering those services or moved to other states where abortion remains legal.
Texas, the country’s second-largest state, has banned most abortions once fetal cardiac activity has been detected, which can be as early as six weeks into pregnancy, before many women know they’re pregnant. The ban has been in place for almost a year, since courts refused to stop the law last September.
While clinics were severely limited in the services they could provide during that time, they officially stopped offering abortions on the day of the Supreme Court ruling. Republican Attorney General Ken Paxton argued that state laws that banned abortion before Roe v. Wade could be enforced ahead of the implementation of the trigger law.
Much like Texas’ current abortion ban, the upcoming trigger law does not include exceptions for rape or incest. Instead it has a loophole if a woman’s life or health is in danger.
But the state challenged a legal interpretation put forth by the federal government that was aimed at requiring Texas hospitals to provide abortion services if the life of the mother is at risk. On Wednesday, a federal judge temporarily blocked the government from enforcing that interpretation.
Texas argued that the federal guidance would have required hospitals to provide abortions before the mother’s life is clearly at risk, which would have violated the state’s trigger law.
A similar situation played out in Idaho, but there a federal judge ruled Wednesday that the state’s abortion ban violated federal law. U.S. District Judge B. Lynn Winmill said the state could not enforce its abortion ban in cases where the pregnant person was experiencing a medical emergency that seriously threatened their life or health. Idaho’s abortion ban makes all abortions felonies, but allows physicians to defend themselves in court by arguing that the procedure was necessary to save the life of the mother or done in cases of rape or incest.
In all, more than 40 states limit some abortions after a certain point in pregnancy, according to the Guttmacher Institute, a research group that supports abortion rights. Those state laws generally require a doctor to determine the gestational age before performing an abortion.
Over in Tennessee, just two of the six clinics that provide abortions have continued to offer the service since Roe was overturned. They are doing so even as Tennessee has enacted a “heartbeat law” similar to the one passed in Texas. Doctors who violate the law risk felony convictions and up to 15 years in prison.
Continuing to operate after the high court’s abortion ruling has been at times a “painful” experience, said Melissa Grant, chief operations officer of carafem, which has had a Nashville clinic since 2019. The legal environment has required difficult conversations between staffers and patients who may be unaware how early in pregnancy cardiac activity can be detected.
Because Tennessee requires patients to wait 48 hours before getting an abortion, Grant says her staff has seen some patients qualify for the procedure during an initial visit only to be turned away two days later because an ultrasound picked up fetal cardiac activity.
“When we find that we do ultimately have to turn somebody away, whether it’s the first visit, the second visit, the conversations can be very emotional. Primarily anger, fear, grief, sometimes disbelief, and it’s difficult for the staff,” she said.
The situation is similar in Memphis, where abortion providers at the region’s lone operating clinic say they’ve turned away nearly 100 patients who did not qualify for an abortion during their second visit, said Jennifer Pepper, chief executive officer of CHOICES: Memphis Center for Reproductive Health.
That stress continues to compound in the days leading up to the trigger law deadline. As the last appointments took place, the staff had to weigh each patient’s situation against the likelihood that they will qualify under Tennessee’s already sharp restrictions and their ability to travel out of state.
“These decisions are very difficult,” Grant said. “You can only see a finite number of people before you have to stop.”
CHOICES was the first abortion clinic to open in Memphis in 1974, and on Thursday it will become the last. The clinic is bracing for the change by increasing its midwife resources, expanding the birth center and offering gender-affirming care. It is also opening a second location in Carbondale, Illinois, a three-hour drive to the north.
The staff planned to gather Friday to “celebrate how we’ve served thousands of our patients. We’re starting a new chapter, but it is not our last chapter,” Pepper said.
In Idaho, 20 states and Washington, D.C., have since filed a friend-of-the-court brief siding with the federal government as it argues that Medicaid-funded hospitals must provide “stabilizing treatment” to patients experiencing medical emergencies despite its trigger law.
Separately, 16 states have sided with Idaho’s Republican leaders in support of the law.
Much of Idaho’s law will still go into effect Thursday, but U.S. District Judge B. Lynn Winmill ruled Wednesday the state cannot prosecute anyone who is performing an abortion in an emergency medical situation.
Most abortions in Idaho were effectively banned on Aug. 12, when the Idaho Supreme Court allowed a different law to go into effect allowing potential relatives of an embryo or fetus to sue abortion providers.
North Dakota is also waiting to see if its trigger law will be implemented. Lawyers for the state’s only abortion clinic, which recently moved a few miles to Minnesota, have asked for a delay as they pursue a lawsuit challenging the ban. A judge has promised to make a decision on the request by the end of this week. | https://www.wspa.com/news/national/ap-us-news/ap-four-more-gop-led-states-to-enact-abortion-trigger-laws/ | 2022-08-25T12:16:33Z | wspa.com | control | https://www.wspa.com/news/national/ap-us-news/ap-four-more-gop-led-states-to-enact-abortion-trigger-laws/ | 1 | 1 | green-iguana-35 | null |
HONG KONG, Aug. 25, 2022 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, SSE: 600938) today announced its 2022 interim results for the six months ended June 30, 2022.
During the period, the Company focused on the main business sector of hydrocarbon exploration and development. It pressed ahead with the "three major programs", namely, Reserves & Production Augmentation, Independent Technological Innovation and Green Energy Transition. It implemented the campaign of Quality and Efficiency Dual Upgrading. Solid progress had been made and the operating results reached the best level of the same period. On 21 April, the Company successfully completed its first RMB share issuance and was listed on the main board of the Shanghai Stock Exchange. The IPO will broaden the financing channels for its sustainable development while adding high-quality investment target to China's capital market.
In the first half of the year, the Company carefully deployed exploration workloads and its resource base for sustainable development was further fortified. In offshore China, 2 middle-to-large sized discoveries, namely Bozhong 26-6 and Bozhong 19-2, were made and confirmed. In overseas, 5 new discoveries were made in Stabroek block in Guyana. The recoverable resources of Stabroek block have reached approximately 11 billion BOE. In terms of unconventional resources growth, new breakthrough was made in offshore shale oil exploration, and the fracturing experiment in onshore deep coalbed methane layers was successfully completed.
The Company dedicated great efforts to increase oil and gas production, and net production hit a record high for the same period, reaching 304.8 million BOE, representing a year-on-year("YoY") increase of 9.6%. The decline rate of the producing oilfields in China was brought under effective control. Overseas, the net production of the projects exceeded the set goals. New projects such as Weizhou 12-8E oilfield development project and Liza Phase II in Guyana have been commissioned successfully. Other major projects under construction such as Enping, Lufeng and Kenli have progressed steadily.
The Company vigorously enhanced the quality and efficiency of its operations, and effectively organized its production to seize the favorable time window of high oil prices, thereby recording highest net profit and revenue so far, highlighting the strong capability of the management. In the first half of the year, the oil and gas sales revenue reached RMB176.68 billion, up by 75.6% YoY. The net profit attributable to equity shareholders of the Company reached RMB 71.89 billion, representing a significant increase of 115.7% YoY. The earnings per share was RMB1.57. Benefiting from effective cost control, all-in cost in the first half of 2022 was US$30.32 per BOE, operating cost was US$7.77 per BOE. The Company's capital expenditure amounted to approximately RMB 41.6 billion, increased by 15.4% YoY, providing a strong support for future reserves and production growth.
The Company has always attached great importance to shareholder returns. The Board of Directors has decided to declare an interim dividend of HK$0.70 per share (tax inclusive), which hits a record high.
The Company continued to make breakthroughs in technological innovation. After the launch of the "Shenhai-1" energy station last year, in the first half of this year, the Company successfully installed "Haiji-1" jacket platform, the first deepwater jacket in Asia, independently designed and built. The first set of shallow-water subsea wellhead and Christmas tree and the first set of deep-water subsea wellhead and Christmas tree passed the sea trials, both independently developed by the Company. The Company strives to excavate hydrocarbon in a digital and intelligent way. The application of shore power at Qinhuangdao 32-6 oilfield helped to build it into the benchmark project of offshore "smart oilfields" and created a new model of "intelligent, safe and efficient" exploitation of offshore oil and gas resources.
The Company steadily advances green development. Green electricity was utilized on a large scale on offshore platforms for the first time. It actively explored the new mode of offshore green and low-carbon industry, and jointly launched China's first largescale offshore CCS/CCUS hub research project in Daya Bay. Levering its marine advantages, the Company started the construction of Wenchang deep-sea floating wind farm demonstration project, utilizing domestic technologies.
In the first half of this year, the Company continued to implement the normalized epidemic prevention measures. The production of the Company remained safe and stable.
Mr. Wang Dongjin, Chairman of the Company, said, "In the first half of 2022, the external environment was complicated. The Company seized the favorable opportunities and made proactive moves to reach record-high operating results. We will pay close attention to the international situation and industry trends. We will continue to pursue a high-quality development, so that we can reach the goals we set at the year beginning and create more value for shareholders."
Notes to Editors:
More information about the Company is available at http://www.cnoocltd.com.
This press release includes forward looking information, including statements regarding the likely future developments in the business of the Company and its subsidiaries, such as expected future events, business prospects or financial results. The words "expect", "anticipate", "continue", "estimate", "objective","ongoing", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify such forward-looking statements. These statements are based on assumptions and analyses made by the Company as of this date in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company currently believes are appropriate under the circumstances. However, whether actual results and developments will meet the current expectations and predictions of the Company is uncertain. Actual results, performance and financial condition may differ materially from the Company's expectations, including but not limited to those associated with macro-political and economic factors, fluctuations in crude oil and natural gas prices, the highly competitive nature of the oil and natural gas industry, climate change and environment policies, the Company's price forecast, mergers, acquisitions and divestments activities, HSSE and insurance policies and changes in anti-corruption, anti-fraud, anti-money laundering and corporate governance laws.
Consequently, all of the forward-looking statements made in this presentation are qualified by these cautionary statements. The Company cannot assure that the results or developments anticipated will be realised or, even if substantially realised, that they will have the expected effect on the Company, its business or operations.
For further enquiries, please contact:
Ms. Ariel Wang
Media & Public Relations
CNOOC Limited
Tel: +86-10-8452-6832
Fax: +86-10-8452-1441
E-mail: mr@cnooc.com.cn
Mr. Bunny Lee
Porda Havas International Finance Communications Group
Tel: +852 3150 6707
Fax: +852 3150 6728
E-mail: cnooc.hk@pordahavas.com
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WASHINGTON (AP) — Aiming to turn months of legislative accomplishments into political energy, President Joe Biden will hold a kickoff rally Thursday to boost Democrats’ fortunes 75 days out from the midterm elections.
The event, in the safely Democratic Washington suburb of Rockville, Maryland, is meant to ease Biden into what White House aides say will be an aggressive season of championing his policy victories and aiding his party’s candidates. It comes as Democrats have seen their political hopes rebound in recent months amid a legacy-defining burst of action by Biden and Congress.
From bipartisan action on gun control, infrastructure and domestic technology manufacturing to Democrats-only efforts to tackle climate change and health care costs, Biden is expected to highlight the achievements of the party’s unified but razor-thin control of Washington. And he will try to sharpen the contrast with Republicans, who once seemed poised for sizable victories in November.
Just months ago, as inflation soared, Biden’s poll numbers soured and his agenda stalled, Democrats braced for significant losses. But the intense voter reaction to the Supreme Court’s overturning of Roe v. Wade and a productive summer on issues of core concern to Democrats have the party feeling like it is finally on the offensive heading into the Nov. 8 vote, even as the president remains unpopular.
Democrats, said Biden pollster John Anzalone, are “in a better position to compete because Joe Biden put us there.”
“It doesn’t mean that the wind’s at our back,” he added. “But we have more of a breeze than what felt like a gale hurricane in our face.”
Biden’s Thursday event comes a day after the president moved to fulfill a long-delayed campaign pledge to forgive federal student loans for lower- and middle-income borrowers — a move that Democrats believe will animate younger and Black and Latino voters.
Republicans, though, saw their own political advantage in the move, casting it as an unfair giveaway to would-be Democratic voters.
“President Biden’s inflation is crushing working families, and his answer is to give away even more government money to elites with higher salaries,” said Senate GOP leader Mitch McConnell. “Democrats are literally using working Americans’ money to try to buy themselves some enthusiasm from their political base.”
Biden aides said he would continue to paint Republicans as the “ultra-MAGA” party — a reference to former President Donald Trump’s “Make America Great Again” campaign slogan — opposing his agenda and embracing conservative ideological proposals on abortion and Trump’s false claims about the 2020 election.
Since the June Supreme Court ruling, Democrats have seen a boost in donations, polling and performance in special elections for open congressional seats. The latest came Tuesday in a Hudson Valley swing district that, in a Republican wave year, should have been an easy GOP win. Instead, Democratic Ulster County executive Pat Ryan, who campaigned on a platform of standing up for abortion rights, defeated his Republican counterpart from Duchess County, Marc Molinaro.
Meanwhile, Democrats have benefited from Republican candidates who won primaries but are struggling in the general campaign. Trump-backed Senate candidates have complicated the GOP’s chances in battleground states like Pennsylvania, Georgia and Arizona, while several Trump-aligned candidates in House races were not always the party’s first choice.
Trump’s grip on the GOP remains strong and has perhaps even become tighter in the aftermath of the FBI search of his Mar-a-Lago home.
JB Poersch, the president of Senate Majority Project, an outside group that is working to elect Democrats to the Senate, said the Republican candidates are “getting caught up in the Trump tornado once again — that is exactly what voters of both parties don’t want.”
Biden’s political event, sponsored by the Democratic National Committee, comes as the president and members of his Cabinet are set to embark on what the White House has billed as the “Building a Better America Tour” to promote “the benefits of the President’s accomplishments and the Inflation Reduction Act to the American people and highlight the contrast with Congressional Republicans’ vision.”
It comes as the White House has benefited from a steady decline in gasoline prices, which while still elevated have dropped daily since mid-June.
Months ago, Democratic lawmakers facing tough reelection fights sought to make themselves scarce when Biden came to town, though White House aides said Biden was still an asset to them by elevating issues that resonate with voters and sharpening the distinction with Republicans.
Now allies see the fortunes beginning to change and the president as more of a direct asset to campaigns.
In Maryland, Biden was set to be joined by gubernatorial candidate Wes Moore and a host of other officials on the ballot. Sen. Chris Van Hollen, who is up for reelection, was missing it, according to a spokesperson, because of a long-planned wedding anniversary trip with his wife, but he recorded a video welcoming Biden to his state that would play at the rally.
Cedric Richmond, the former Louisiana congressman and Biden senior adviser who now advises the Democratic National Committee, said if he were a candidate, he’d rush to have Biden at his side.
“I’d get in front of the van and become the drum major and talk about all the accomplishments that have been happened under the leadership of Biden,” Richmond said Wednesday. “You have a president who just keeps his head down and gets the work done and I think voters, as we kick off this campaign season, will see and appreciate that.”
He acknowledged some Democrats might opt against “bringing Washington to their district.”
“There are probably a few cases where that may make sense when you don’t even want to be associated with Washington,” Richmond said. “That has nothing to do with the president. That has everything to do with the typical dysfunction of Washington.”
He added, “The important point to stress is you don’t have that dysfunction right now because of President Biden.”
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AP Congressional Correspondent Lisa Mascaro and AP writer Nicholas Riccardi contributed to this report.
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Follow AP’s coverage of the 2022 midterm elections at https://apnews.com/hub/2022-midterm-elections. | https://www.wspa.com/news/politics/ap-politics/ap-biden-kicks-off-midterm-rally-in-safely-democratic-maryland/ | 2022-08-25T12:16:53Z | wspa.com | control | https://www.wspa.com/news/politics/ap-politics/ap-biden-kicks-off-midterm-rally-in-safely-democratic-maryland/ | 1 | 1 | green-iguana-35 | null |
Ordaōs creates novel mini-proteins that help pharma and biotechs around the world deliver safer and more effective life-saving treatments in a fraction of the time of traditional discovery methods.
NEW YORK, Aug. 25, 2022 /PRNewswire/ -- Ordaōs, a biotechnology company designing novel mini-proteins to help drug hunters deliver life-saving treatments, today announced the completion of $5M in seed financing to aid in new product development and expand partner acquisition efforts. The oversubscribed round was led by Middleland Capital's VTC Ventures with additional investments from Route 66 Ventures, Banyan Pacific Capital, IAG Capital Partners, and Citta Capital. Ordaōs is a human-enabled, machine-driven drug design company that leverages proprietary multitask meta-learning and reinforcement learning to create mini-proteins that enable targeted therapies to reduce patient suffering, improve health, and extend life.
"Ordaōs' class of mini-proteins, - Ordaōs miniPRO™ - transforms the role of proteins in drug discovery by providing the power and performance of antibodies, while being more stable, configurable and easier to manufacture," said David Longo, CEO of Ordaōs. "This investment will enable us to maximize drug candidate delivery speed, novelty, and probability of clinical success that provides drug hunters what they have been dreaming of."
Scott Horner, PhD, managing director at Middleland Capital said, "We have been studying the AI drug discovery sector for some time and were blown away at how effective the Ordaōs platform is in generating high-affinity hits, across several difficult to access drug targets. This team has built something really special here, and we are excited to partner with the company to realize the full potential of their novel mini-protein creation platform."
Ordaōs uses The Ordaōs Design Engine, to deliver true protein property design - leveraging continuous learning loops and proprietary data sets to translate human-targeted product criteria into machine-designed mini-proteins. Starting with amino acids, the Design Engine generates, appraises, and ranks billions of protein sequences and hundreds of thousands of protein structures and properties to create customized miniPRO™ proteins. These proteins are then rapidly evaluated in vitro to provide intelligent feedback on multiple design objectives including protein structure, binding specificity and affinity, solubility, stability, immunogenicity, and developability. This iterative process delivers optimized mini-proteins to meet the client's specific molecular target product profile (mTPP). They are also less likely to cause adverse side effects and are easier and less expensive to test, develop, and manufacture than traditional proteins. Using this approach, the Ordaōs Design Engine creates more ideal, unseen protein leads than others and can accelerate drug candidate development, increasing the probability of more therapeutically effective candidates. All of this provides clients with a high level of confidence in their investigational new drug (IND) applications.
To learn more, visit: www.ordaos.bio.
Media Contact:
Ryan Wagner (Ryan.wagner@ogilvy.com)
About Ordaōs
Ordaōs is a human-enabled, machine-driven drug design company that helps birth novel therapies to reduce patient suffering, improve health, and extend life. Our flagship solution, miniPRO™ mini-proteins, enable drug hunters to deliver safer and more effective treatments in a fraction of the time of traditional discovery methods.
About VTC Ventures
Managed by Middleland Capital, VTC Ventures is a private investment fund focused on early-stage life science and technology opportunities across the Commonwealth of Virginia and opportunities outside Virginia with a connection to Virginia Tech or Carilion Clinic. VTC Ventures aims to partner with exceptional management teams to commercialize innovative technologies, accelerate growth, and build long-term value. For more information, please visit www.vtcventures.com.
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SOURCE Ordaōs Bio | https://www.wbko.com/prnewswire/2022/08/25/ordas-raises-5-million-seed-accelerate-drug-design-discovery/ | 2022-08-25T12:16:59Z | wbko.com | control | https://www.wbko.com/prnewswire/2022/08/25/ordas-raises-5-million-seed-accelerate-drug-design-discovery/ | 1 | 1 | green-iguana-35 | null |
(The Hill) — Borrowers who received student loans after June 30 are not eligible for relief under President Biden’s new initiative canceling a certain amount of debt per borrower.
White House Domestic Policy Council Director Susan Rice confirmed June 30 of this year was the cutoff date during a Wednesday briefing that discussed the new relief initiative.
The Biden administration will cancel $10,000 per borrower for Americans who make less than $125,000 a year, while recipients of the Pell Grant with the same income cap are eligible for $20,000 in relief.
Meanwhile, the student loan payment pause will end on Dec. 31, ending a freeze that lasted roughly two years.
The move was long awaited by Democrats and activists who say canceling the debt will help ease the cost of living for the more than 44 million Americans who owe a combined $1.7 trillion in debt.
The Department of Education has information available about the debt relief posted on studentaid.gov.
For now, borrowers are instructed to sign up for email updates on when the applications for debt relief are officially open. | https://www.wspa.com/news/student-loans-received-after-june-30-not-eligible-for-relief/ | 2022-08-25T12:17:13Z | wspa.com | control | https://www.wspa.com/news/student-loans-received-after-june-30-not-eligible-for-relief/ | 1 | 1 | green-iguana-35 | null |
Discusses Progress Across Key Sustainability Pillars and Highlights Our Leading Role in Enabling the Energy Transition
HOUSTON, Aug. 25, 2022 /PRNewswire/ -- Quanta Services, Inc. (NYSE: PWR) announced today the release of its 2021 Sustainability Report. The report discusses the Company's accomplishments last year and marks a key milestone for Quanta as we publish our first consolidated set of sustainability metrics, including our Scope 1 and 2 emissions. Titled, "Connecting People, Powering Tomorrow," the report discusses Quanta's ongoing commitment to People, Planet and Principles and the important positive impact Quanta has on society through capitalizing on the megatrends and opportunities to help lead the energy transition and enable technological development in a just and equitable manner. Please visit https://sustainability.quantaservices.com to access the microsite and report.
"The decisions we make are motivated by what will benefit our employees, our customers, our stockholders and the communities where we live and work. I'm proud of the significant progress we have made on our sustainability initiatives over the past several years and the increased information and transparency we are able to provide in our 2021 report regarding our sustainability performance," said Duke Austin, Quanta's President and Chief Executive Officer. "Quanta's comprehensive infrastructure solutions position us to play a leading role in the transition towards a lower-carbon economy and allow us to support our customers' efforts to improve energy system resiliency and reliability and enable technologies that enhance our quality of life. These initiatives are estimated by industry sources to require hundreds of billions of dollars of investment in the next several decades, with a significant portion expected to be invested in renewable energy generation, electric transmission and distribution systems, electric vehicle charging and other forms of clean power infrastructure."
Quanta's 2021 Sustainability Report is guided by several reporting frameworks, including the Global Reporting Initiative (GRI), Task Force on Climate-related Financial Disclosures (TCFD), Sustainability Accounting Standards Board (SASB) and the UN Sustainable Development Goals (SDGs). Additionally, the report discusses the Company's progress across four categories and includes the highlights below:
- Acquired Blattner Holding Company and its operating subsidiaries (Blattner) in 2021, giving Quanta an industry-leading renewable energy infrastructure solutions platform. During 2021, Blattner completed projects that installed 6,857 MW of wind and solar generating capacity and battery storage projects, which is estimated to avoid approximately 11.9 m tons of CO2 emissions.
- Supported our customers to an unprecedented level with our industry-leading emergency response services, including approximately 1.8 M man-hours spent restoring electric power service to millions of people in response to named storms.
- Built significant environmental reporting capacity, enabling the collection of CO2 emissions data across 70,000+ vehicle assets and 1,000+ owned and leased properties.
- Reduced CO2 intensity (gCO2 / $ revenue) measured from our vehicle fleet by approximately 10.5% since 2019.
- Increased training of individuals from traditionally underrepresented ethnic and racial groups at campus career programs at Northwest Lineman College (NLC) to 31% in 2021.
- Increased diverse supplier spending to $742 million in 2021, a 9% increase from 2020.
- Completed our first sustainability assessment to identify and prioritize sustainability topics most important to Quanta's business and stakeholders.
- Increased Board diversity to 30% female.
Quanta's 2021 Sustainability Report, 4-page Sustainability Tear Sheet and Sustainability Data Metrics detailing our three-year performance trends are available for download on Quanta's website.
Quanta is a leading specialized contracting services company, delivering comprehensive infrastructure solutions for the utility, renewable energy, communications, pipeline and energy industries. Quanta's comprehensive services include designing, installing, repairing and maintaining energy and communications infrastructure. With operations throughout the United States, Canada, Australia and select other international markets, Quanta has the manpower, resources and expertise to safely complete projects that are local, regional, national or international in scope. For more information, visit www.quantaservices.com.
This press release (and any oral statements regarding the subject matter of this press release) contains forward-looking statements intended to qualify for the "safe harbor" from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements relating to expectations regarding opportunities, technological developments, competitive positioning, future economic and regulatory conditions and other trends in particular markets or industries, including with respect to Quanta's increased operations in the renewable energy market and the transition to a carbon-neutral economy; expectations regarding Quanta's plans, strategies and opportunities; the potential benefits from, and future financial and operational performance of, acquired businesses, including Blattner; the business plans or financial condition of our customers, including with respect to transition to a reduced-carbon economy; the development of and opportunities with respect to future projects, including renewable energy projects and other projects designed to support transition to a carbon-neutral economy, electrical grid modernization, upgrade and hardening projects, and larger transmission and pipeline projects; as well as statements reflecting expectations, intentions, assumptions or beliefs about future events and other statements that do not relate strictly to historical or current facts. These forward-looking statements are not guarantees of future performance; rather they involve or rely on a number of risks, uncertainties, and assumptions that are difficult to predict or are beyond our control, and reflect management's beliefs and assumptions based on information available at the time the statements are made. We caution you that actual outcomes and results may differ materially from what is expressed, implied, or forecasted by our forward-looking statements and that any or all of our forward-looking statements may turn out to be inaccurate or incorrect. Forward-looking statements can be affected by inaccurate assumptions and by known or unknown risks and uncertainties including, among others, market, industry, economic, financial or political conditions that are outside of the control of Quanta; trends and growth opportunities in relevant markets, including our ability to obtain future project awards; technological advancements and market developments that could reduce demand for our services; Quanta's ability to generate internal growth; competition in Quanta's business, including the ability to effectively compete for new projects and market share; the failure of existing or potential legislative actions and initiatives to result in demand for Quanta's services; inability to successfully identify, complete, integrate and realize synergies from acquisitions or retain key personnel from acquired businesses, including Blattner; and other risks and uncertainties detailed in Quanta's Annual Report on Form 10-K for the year ended Dec. 31, 2021, Quanta's Quarterly Reports on Form 10-Q for the quarters ended Mar. 31, 2022 and June 30, 2022, and any other documents that Quanta files with the Securities and Exchange Commission (SEC). For a discussion of these risks, uncertainties and assumptions, investors are urged to refer to Quanta's documents filed with the SEC that are available through the company's website at www.quantaservices.com or through the SEC's Electronic Data Gathering and Analysis Retrieval System (EDGAR) at www.sec.gov. Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expressed or implied in any forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which are current only as of this date. Quanta does not undertake and expressly disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Quanta further expressly disclaims any written or oral statements made by any third party regarding the subject matter of this press release.
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SOURCE Quanta Services, Inc. | https://www.wbko.com/prnewswire/2022/08/25/quanta-services-releases-2021-sustainability-report/ | 2022-08-25T12:17:18Z | wbko.com | control | https://www.wbko.com/prnewswire/2022/08/25/quanta-services-releases-2021-sustainability-report/ | 1 | 1 | green-iguana-35 | null |
LUANDA, Angola (AP) — Angolans are anxiously watching the vote counting in their election race between the ruling MPLA party and the opposition UNITA.
With 86% of votes counted, the MPLA has the lead with 52% of the votes and UNITA has 43%, according to preliminary results announced Thursday morning by the National Electoral Commission. Smaller parties have received the remaining votes.
This is the opposition party’s best showing in 30 years. But many supporters of UNITA — the Union for the Total Independence of Angola — assert that their party should be in the lead and charge that the official results are not accurate.
According to many experts, the ruling People’s Movement for the Liberation of Angola, known by its Portuguese acronym MPLA and in power for 47 years, holds an unfair advantage as it controls virtually all aspects of the election process.
The mood is calm but anxious in Luanda, the seaside capital on the Atlantic Ocean, where many voters openly say they voted for the opposition. Angola is Africa’s second-largest producer of oil and has rich diamond deposits, but the majority of the southern African country’s 34 million people remain in poverty, according to the U.N. With unemployment above 30%, many people say they want to see change.
“I voted early and I voted for a change,” said Gelmo Santos, 49, who works as a driver and held up his finger stained with violet ink as proof that he cast his ballot.
Benedito dos Santos, 29, said he also decided to vote for change.
“This is the right time to show which direction the youngsters want for this country,” said dos Santos, a fish seller in Luanda.
Such vocal support for the opposition is unusual in Angola, which for many years was a one-party state ruled by the MPLA. Since 1992 the southern African country has been a multi-party democracy and many voters, especially those under 30, say they want to see change.
Both parties are former rebel movements that fought Portuguese colonial rule. The MPLA won power with backing from the Soviet Union and established Marxist rule when Angola became independent in 1975. UNITA fought a bitter civil war against the MPLA, with support from the U.S. and apartheid-ruled South Africa.
In a negotiated truce, the MPLA agreed to multiparty elections held in 1992. UNITA furiously rejected the MPLA’s win and the country was plunged back into civil war that only ended in 2002.
Since then, UNITA has transformed itself from a rebel group into a political party, particularly under the new leadership of Adalberto Costa Junior, who didn’t fight in the civil war. Costa Junior has succeeded in gaining support from other opposition politicians and intellectuals.
UNITA legally challenged its loss in the 2017 election but the courts ruled in favor of the MPLA. | https://www.wspa.com/news/world-news/ap-international/ap-angola-anxiously-watches-vote-counting-in-national-election/ | 2022-08-25T12:17:40Z | wspa.com | control | https://www.wspa.com/news/world-news/ap-international/ap-angola-anxiously-watches-vote-counting-in-national-election/ | 1 | 1 | green-iguana-35 | null |
POKROVSK, Ukraine (AP) — The death toll from a Russian rocket attack as Ukraine observed its Independence Day has risen to 25, including an 11-year-old boy found under the rubble of a house and a 6-year-old killed in a car fire near a train station that was the target, a Ukrainian official said Thursday.
Russia’s Defense Ministry said its forces used an Iskander missile to strike a military train that was carrying Ukrainian troops and equipment to the front line in eastern Ukraine. The ministry claimed more than 200 reservists “were destroyed on their way to the combat zone.”
The deputy head of the Ukrainian presidential office, Kyrylo Tymoshenko, did not say if all the 25 victims he reported from Wednesday’s attack were civilians. A total of 31 people sustained injuries, he said.
The lethal strike in Chaplyne, a town of about 3,500 residents in the central Dnipropetrovsk region. nonetheless served as a brutally painful reminder that Russia’s military force is causing civilians to suffer and testing Ukraine’s resilience after six months of a grinding war.
In Geneva on Thursday, the U.N.’s human rights chief, Michelle Bachelet, decried the time since Russian President Vladimir Putin sent troops into the neighboring country as “unimaginably horrifying.” She called on Putin “to halt armed attacks against Ukraine.”
The train station strike took place after Ukrainian President Volodymyr Zelenskyy warned that Moscow might attempt “something particularly cruel” this week as Ukraine marked both its 1991 declaration of independence from the Soviet Union and the six-month point of Russia’s invasion on Wednesday.
Tetyana Kvitnytska, deputy head of the Dnipropetrovsk regional health department, said the people wounded in the attack suffered a range of injuries.
“There are craniocerebral injuries, limb fractures, many patients with explosive and shrapnel injuries, burns,” she said. “People were in a difficult condition, both physically and psychologically.”
She added that three of the four children they are treating are in serious condition, with blast and shrapnel injuries, burns and fractures.
Following attacks in which civilians have died, the Russian government has repeatedly claimed that its forces only aimed at legitimate military targets. Hours before the train station attack, Russian Defense Minister Sergei Shoigu insisted the military was doing its best to spare civilians, even at the cost of slowing down its offensive in Ukraine.
Meanwhile, Italian Foreign Minister Luigi Di Maio visited the Kyiv suburb of Irpin on Thursday, expressing disbelief that “there are still those who still deny the facts of what happened here in Ukraine.”
Di Maio pledged that Italy will continue to support Ukraine as it defends itself from “the invaders, who are Russian,” adding that “this country is the border of Europe. It is not just defending itself.”
In Moscow on Thursday, Dmitry Medvedev, the secretary of Russia’s Security Council chaired by President Vladimir Putin, said that Western hopes for a Ukrainian victory are futile and emphasized that Russia will press what it calls the “special military operation” home, leaving just two possible options.
“One is reaching all goals of the special military operation and Kyiv’s recognition of this outcome,” Medvedev said on his messaging app channel. “The second is a military coup in Ukraine followed by the recognition of results of the special operation.”
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Follow all of AP’s coverage of the war in Ukraine at https://apnews.com/hub/russia-ukraine | https://www.wspa.com/news/world-news/ap-international/ap-death-toll-from-train-station-attack-in-ukraine-rises-to-25/ | 2022-08-25T12:17:55Z | wspa.com | control | https://www.wspa.com/news/world-news/ap-international/ap-death-toll-from-train-station-attack-in-ukraine-rises-to-25/ | 1 | 1 | green-iguana-35 | null |
PARIS (AP) — French President Emmanuel Macron is heading to Algeria for a three-day official visit aimed at addressing two major challenges: boosting future economic relations while seeking to heal wounds inherited from the colonial era, 60 years after the North African country won its independence from France.
The visit comes less than a year after a monthslong diplomatic crisis between the two countries that stirred up post-colonial tensions and as war in Ukraine has reinforced Algeria’s status as a key partner to provide gas to the European continent.
In recent years, Macron has made unprecedented steps to acknowledge torture and killings by French troops during Algeria’s 1954-62 war of independence, in a bid to appease the two countries’ still rancorous relations. Yet the series of symbolic gestures has fallen short of an apology from France for its actions during the war — a longstanding demand from Algeria.
Macron is to meet Thursday with Algerian President Abdelmajid Tebboune at the presidential El Mouradia palace.
In a phone call with Tebboune Saturday, he said the trip will help “deepen the bilateral relationship,” according to the Elysée. He expressed France’s support after deadly wildfires in eastern Algeria.
This is the second time Macron has been to Algeria as president. During a brief stop in December 2017, he called for a “partnership between equals.” Months before that, during a trip to Algiers as a presidential candidate, he called colonization a “crime against humanity.”
Macron, who is the first French president born after the end of Algeria’s brutal seven-year war of independence in 1962, has promised a reckoning of colonial-era wrongs. The country was occupied by France for 132 years.
In 2018, Macron recognized the responsibility of the French state in the 1957 death of a dissident in Algeria, Maurice Audin, admitting for the first time the military’s use of systematic torture during the war. He later made a key decision to speed up the declassification of secret documents related to the war, amid other gestures.
Macron will have a second meeting with Tebboune on Friday in the presence of the French army chief and defense and foreign ministers to discuss peace and stability in the region, after France completed the withdrawal of its troops from Mali earlier this month. Paris still maintains troops in the broader Sahel region, with the heart of the operation moved to Niger.
Coordination with Algerian authorities is crucial as the country shares long borders in the Sahara with Mali, Libya and Niger, which are paths used by smugglers and Islamic extremists, the Elysee stressed.
No energy supply or other big trade contract is expected during Macron’s trip, but the focus will be on future economic relations, according to the Elysee.
Algeria’s status as a key gas supplier for Europe has been enhanced amid fears that Russia could cut off the pipelines. The North African country is the EU’s third-largest gas supplier, representing 8.2% of the 27-nation bloc’s imports in 2021.
Algiers has already started increasing its gas supplies to the continent, mostly via two pipelines that connect the country to Italy and Spain. It signed a $4 billion gas deal with U.S. group Occidental Petroleum, Italian company Eni and French giant Total.
Political scientist Mohamed Saidj told the AP he considers this is the most important visit by a French president since 1975, because it comes after last year’s major diplomatic crisis.
Tensions between the two countries escalated following a French decision to slash the number of visas issued to people in North Africa, including Algeria, because governments there were refusing to take back migrants expelled from France.
Relations further worsened after Algeria recalled its ambassador to France citing alleged “irresponsible comments” attributed to Macron about Algeria’s pre-colonial history and post-colonial system of government. In retaliation, Algeria accused Paris of “genocide” during the colonial era.
Both countries agreed to resume cooperation in December.
The visa situation will be discussed during Macron’s trip, the Elysee said. There are several million Algerian nationals or people of Algerian descent in France.
Last year’s tensions spread in the Algerian public opinion a feeling of hostility toward France, echoed by the authorities’ push to replace the French language at school and in public administration by English.
The Elysee said Macron will also raise human rights issues, in a country where activists criticize an unjust system of governance that views dissidents as criminals and doesn’t allow freedom of speech.
Political analyst Hassan Moali stressed that the visit “should be the occasion to clarify all issues and speak the truth. … France indeed is an economic partner, but the history issue remains key in bilateral relations.”
The French president will go Friday to the Christian and Jewish cemetery of Saint-Eugene in Algiers. He will also visit the Great Mosque.
He will then head to Oran, the country’s second largest city, where he will attend Saturday a show of breakdancing, which will become an Olympic sport in 2024 in Paris.
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AP journalist Barbara Surk in Nice, France contributed. | https://www.wspa.com/news/world-news/ap-international/ap-frances-macron-heads-to-algeria-in-bid-to-heal-wounds/ | 2022-08-25T12:18:02Z | wspa.com | control | https://www.wspa.com/news/world-news/ap-international/ap-frances-macron-heads-to-algeria-in-bid-to-heal-wounds/ | 1 | 1 | green-iguana-35 | null |
Wheelhouse cancer care services pair with the Forbie app to rapidly improve well-being across the nation.
NASHVILLE, Tenn., Aug. 25, 2022 /PRNewswire/ -- Wheelhouse, a cancer management platform for employer-sponsored health plans, and Forbie, a cancer care management technology company, announced a formal partnership to improve cancer patients' lives. The partnership provides a unique combination of prevention, care management, and survivorship solutions along with a comprehensive cancer care app. This creates a full-service resource for cancer patients and rapidly furthers both organizations' missions to change cancer's impact.
"Our partnership with Forbie is the first step to expanding our reach to cancer patients around the world, says Ben Frank, CEO of Wheelhouse. "Our missions are truly aligned, and our core solutions complement each other perfectly."
The National Cancer Institute estimates that in 2022, roughly 1.9 million people will be diagnosed with cancer in the United States. With Wheelhouse and Forbie working together, the rate at which cancer patients can experience an improved quality of life is significantly accelerated.
"The partnership opportunity with Wheelhouse is a natural fit in our mission of giving patients a voice in their cancer care and transforming the cancer care journey of patients and survivors," says Stephen Chaney, Chief Product Officer of Forbie. "The Forbie team is excited to find a partner truly focused on the cancer patient and their journey."
Wheelhouse is a cancer management platform bringing 20 years of experience in oncology to provide a holistic approach through a family of solutions for employers and health plans to close the gaps in cancer care for their employees. Solutions include cancer prevention strategies, cancer navigation, cancer coaching, insurance advising, survivorship, and return-to-work plans.
Forbie® transforms cancer care by Giving Patients a Voice in their Care™. Forbie® App is designed with patient privacy as a core tenet. Available on Google Play and the App Store, the app helps patients track their symptoms and emotions, monitor medications, track treatment side effects, and transcribe information during doctors' visits to enable positive outcomes.
For more information, please contact Ben Frank, CEO of Wheelhouse, LLC. at 1-803-727-3728 and ben@wheelhousecares.com or Stephen Chaney, Chief Product Officer of Forbie at 1-425-890-1706 and schaney@forbie.com.
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SOURCE Wheelhouse, LLC. | https://www.wbko.com/prnewswire/2022/08/25/two-companies-announce-partnership-enable-better-outcomes-amp-change-cancers-impact/ | 2022-08-25T12:18:38Z | wbko.com | control | https://www.wbko.com/prnewswire/2022/08/25/two-companies-announce-partnership-enable-better-outcomes-amp-change-cancers-impact/ | 1 | 1 | green-iguana-35 | null |
BANGKOK (AP) — Thailand entered a phase of political uncertainty on Thursday, with its prime minister suspended and his deputy taking over in his stead pending a ruling from a top court on whether the premier has reached his constitutional term limit.
Prime Minister Prayuth Chan-ocha came to power in a military coup in 2014, and would have hit the 8-year term limit earlier this week if the clock started when he seized power.
The Constitutional Court suspended Prayuth, the army’s commander at the time of the coup, on Wednesday as it considers arguments in his case.
His supporters argue that his term as prime minister should be calculated from when he won the job legally after a general election in 2019, or, if nothing else, from when the term-limit provision became part of the current constitution in 2017.
Deputy Prime Minister Prawit Wongsuwan has assumed the role of acting prime minister, taking over Prayuth’s duties.
Prawit, 77, is closely associated with the military clique behind the 2014 coup, and is expected to toe the same line as Prayuth.
On Thursday, Prawit chaired a meeting of a committee on communications during national disasters that he was previously scheduled to attend.
Prayuth, who has kept his other Cabinet position as defense minister, attended a monthly meeting of the government’s Defense Council in that capacity, participating via video.
No date has been set for the court’s ruling, but Thitinan Pongsudhirak, a political science professor at Bangkok’s Chulalongkorn University, said there is a good possibility they will decide in favor of keeping Prayuth as prime minister even though public sentiment is seen to favor the “literal interpretation” of his eight years in office.
“Looking at how the court has always ruled in his favor, it would not be a surprise if the Constitutional Court comes up with a technicality,” he said. “We must remember it was appointed during the military regime.”
Prayuth’s popularity has been falling over accusations he botched Thailand’s response to the COVID-19 pandemic and mishandled the economy, but his coalition government survived four no-confidence votes.
Prayuth has argued against his detractors that his government has successfully steered the economy through the pandemic, allowing it to now reopen and start generating the tourist revenue upon which it relies heavily.
If he is allowed to remain in power by the court, it risks invigorating a protest movement that has long sought to oust him and reopening deep fissures in Thailand.
After the court’s ruling on Wednesday, opposition politicians called for Prayuth to resign and make way for new elections.
Pita Limjaroenrat, leader of the opposition Move Forward party, said the leadership swap with Prawit filling in meant Thailand was still going nowhere politically, likening it to “sailing a boat in a tub.”
While there were multiple protests by tens of thousands in 2020 demanding Prayuth and his Cabinet resign, the court decision on Wednesday attracted only a handful of demonstrators in Bangkok.
Thitinan said it was likely dissent will grow as the court ruminates over its decision.
“The grievances that have underpinned the protests have not gone away,” he said. “They’ve only been swept under the carpet, the grievances have been accumulating — there’s a lot of unhappiness in Thailand under Prayuth’s watch.”
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Associated Press journalist Jerry Harmer contributed to this report. | https://www.wspa.com/news/world-news/ap-international/ap-political-uncertainty-in-thailand-with-pms-suspension/ | 2022-08-25T12:18:47Z | wspa.com | control | https://www.wspa.com/news/world-news/ap-international/ap-political-uncertainty-in-thailand-with-pms-suspension/ | 1 | 1 | green-iguana-35 | null |
DUBAI, United Arab Emirates (AP) — Saudi Arabia will grant visas to those holding tickets to the World Cup in neighboring Qatar, the kingdom has announced.
The Saudi Foreign Ministry said in a statement late Wednesday those registered for Qatar’s Hayya fan card will be able to apply for multiple-entry visas 10 days before the tournament starts. Those granted visas will be able to stay for up to 60 days in Saudi Arabia.
The Hayya card is mandatory for ticket holders going to the World Cup in November and December.
The ministry added that pre-entry to Qatar was not required, though those coming will have to have medical insurance coverage.
Saudi Arabia’s website for visas is visa.visitsaudi.com.
Already, neighboring countries are preparing for the World Cup, anticipating fans may want to stay outside of Qatar. In Dubai, the city-state in the United Arab Emirates, hotels already say some fans are booking rooms and planning to commute to matches by air. | https://www.wspa.com/news/world-news/ap-international/ap-saudi-arabia-to-grant-visas-to-world-cup-ticket-holders/ | 2022-08-25T12:19:01Z | wspa.com | control | https://www.wspa.com/news/world-news/ap-international/ap-saudi-arabia-to-grant-visas-to-world-cup-ticket-holders/ | 1 | 1 | green-iguana-35 | null |
VENICE, Calif., Aug. 25, 2022 /PRNewswire/ -- CareRev, a marketplace platform that empowers healthcare professionals to take control of their careers, announced former Amazon and Amazon Web Services executive Patty Bedard as its first Chief People Officer. Bedard will be responsible for building strategies and processes to drive employee engagement and retention among CareRev's internal employees and the network of healthcare professionals who use CareRev's app to work when and where they want.
"At this moment in time, it is critical that we come together to support healthcare professionals with resources that not only allow them to advance their careers on their own terms, but also provide care in their local communities where their expertise is most needed," said Bedard. "I believe one of CareRev's strongest assets is our internal team working to disrupt the traditional healthcare staffing model and empower our professionals. Ensuring our team is given the best possible employee experience means we can continue to deliver on our mission to provide nurses the flexibility and independence they need to take control of their careers, care for their neighbors, and make an impact on the health of their communities."
Prior to joining CareRev, Bedard was Head of Executive Development at Amazon, where she led talent management initiatives and introduced development strategies for the leadership team. She also served as Head of Strategy & Operations for AWS Educate, where she is internationally known for establishing Amazon Web Services' global initiative to provide educational opportunities to students looking to develop career skills as they entered the workforce.
At CareRev, Bedard will spearhead the development and implementation of long-term strategies and policies to bolster hiring, training, professional development and continuing education, and diversity, equity and inclusion efforts in support of CareRev's employees and network of healthcare professionals. Bedard is particularly focused on continuing to leverage data-driven metrics and quality measures to strengthen these initiatives. Bedard joins CareRev's growing leadership team alongside several key executive hires in recent months.
"I couldn't be more thrilled to welcome Patty to the team. Her ingenuity when it comes to employee engagement and her passion for improving the lives of healthcare workers shines through," said Will Patterson, CEO of CareRev. "One of Patty's many strengths lies in leading impressive professional development and employee education programs that we are initiating at CareRev. I'm honored to work alongside Patty and our other qualified leaders across the company."
CareRev is a marketplace platform that empowers clinical professionals to take control of their careers. CareRev provides a direct line between healthcare facilities and local clinical talent, cutting out the middleman and enabling professionals to work where and when they want. Together, we're building the local, resilient, flexible healthcare workforce of the future. CareRev serves over 32 major metropolitan areas nationwide at over 70 hospitals and health systems, and over 540 outpatient centers and skilled nursing facilities. More than 22,000 clinical professionals (and growing!) are included in CareRev's network. For more information, visit www.carerev.com or follow us on LinkedIn.
Media Contact:
Anneka Meyer
anneka@120over80mktg.com
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HOUSTON, Aug. 25, 2022 /PRNewswire/ --
- A series of disruptions amid ongoing underinvestment has triggered a readjustment in the energy market.
- Oil and gas producers could report highest-ever free cash flows, as much as $1.4 trillion, in 2022.
- The U.S. shale industry can potentially become debt-free by early 2024 if prices stay strong and discipline prevails. This would overcome the decade-long loss of $300 billion.
- Global upstream is set to generate up to $1.5 trillion in surplus cash by 20301, possibly with 70% of this surplus generated by 2024; this could be enough to fund and balance both low-carbon and core oil and gas priorities this decade.
Over the past ten years, the U.S. oil and gas industry has dealt with unprecedented cyclical changes. Despite economic uncertainty, geopolitical instability and ongoing supply chain disruptions, the industry is financially strong and well positioned to drive change. Deloitte's new report, "Striking the Balance: How and Where Will O&G Producers Deploy their Cash?," examines how oil and gas companies can play a key role over the next decade in creating synergy between energy security and energy transition, while helping commercialize essential low-carbon technologies.
Disruptions of the past two years on the oil and gas industry — including shifts in consumer behavior and supply chain challenges — combined with years of underinvestment and financial discipline, have helped to drive oil prices to past highs and cash flows to record levels. According to the study, the ongoing energy readjustment is likely to keep prices elevated for a while, possibly resulting in record cash flows and helping the industry to strike a healthy balance between energy security, diversification, and transition.
- The industry's cash generation is running ahead of the oil price cycle and capital discipline is now a practiced norm for most.
- Global upstream free cash flows could reach a record of as much as $1.4 trillion in 20222.
- While the North American upstream industry cumulatively generated only $47 billion in free cash flows over the last decade (2010-2020) due to losses in shale plays, the industry is expected to generate up to $600 billion in free cash flows between 2021-2022, a 13x increase from 2010-20203.
- Shale producers, which generated negative cash flows in nine out of the last 10 years, will likely witness record high free cash flows in 2021-2022 that could overcome the decade long loss of $300 billion4.
The industry has been reducing debt, increasing efficiency, and practicing capital discipline for the past six years. After pausing reinvestments due to economic uncertainty, the oil and gas industry is exhibiting exceptional financial health and industry-leading returns at 20% leverage and 4% to 6% of dividend yield5. Even amid ongoing price volatility and supply chain disruption, many companies are strongly positioned for the future, though defining the road ahead will take time.
Significant investments could be required to strike a careful energy balance. According to the study, $3.6 trillion is the projected hydrocarbon capex at base price to maintain operations and generate significant cash flows from 2022 to 2030 globally6. However, the study also suggests that these investments will compete with growing priorities on cash that includes shareholder payouts, buybacks and debt repayment. Even after meeting both core hydrocarbon investment and shareholder priorities, the global upstream industry is likely to generate $1.5 trillion in cash surplus between 2022-20307.
The cash surplus of $1.5 trillion could be deployed in several ways: it could move the needle on the industry's share of green capex from its current 5% to as much as 30%8, it could potentially kickstart the low-carbon economy, or it could be used to technically make the industry completely debt-free. While relatively lower internal rate of return investments in low carbon technologies could reduce the overall corporate IRR of an oil and gas company by 2.5% to 4%9. However, even with that investment, the industry's overall return profile could remain strong and close to previous highs, in addition to the added benefits of a lower emissions profile.
Despite its perceived volatility, the oil and gas industry has been accelerating its low-carbon commitments. For example, over the last three years, many oil and gas companies have reduced direct carbon emissions by 50%10. Further, oil and gas companies account for 75%11 of the global investment in carbon capture, utilization and storage in 2021, and have doubled their renewable capacity in the last three years.
According to the study, affordable and accessible hydrocarbons are important to strike the right balance for a low-carbon economy. The pace and direction of this transition hinges on a supportive regulatory and stable policy environment, coordinated partnerships, and innovative business models.
"The oil and gas industry has faced real disruption over the past few years, some of which originated long before the Covid-19 pandemic began to make its impact. However, the unexpected result of this volatility is that the industry seems to be in a relatively strong position. Oil and gas companies have managed through change. Those who invest in new business models and remain resilient to the changing market dynamics will be more likely to sustain, lead and win throughout this energy transition."
— Amy Chronis, vice chair, U.S. Oil, Gas and Chemicals Leader, Deloitte LLP
"Oil and gas companies are facing a readjustment in the broader energy market. Many companies have already committed to reducing carbon emissions and are making progress, amid geopolitical and economic uncertainty. Now, a financially healthy oil and gas industry is not only equipped with the technology, but also with the cash flows that could allow them to invest more quickly and create tangible change."
— John England, Global Oil, Gas and Chemicals Leader, Deloitte Touche Tohmatsu Limited
Connect with us on Twitter at @Deloitte4Energy or on LinkedIn at @AmyChronis and @JohnEngland.
Deloitte provides industry-leading audit, consulting, tax, and advisory services to many of the world's most admired brands, including nearly 90% of the Fortune 500® and more than 7,000 private companies. Our people come together for the greater good and work across the industry sectors that drive and shape today's marketplace—delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthier society. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Building on more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte's more than 345,000 people worldwide connect for impact at www.deloitte.com.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
1 The analysis excludes the impact of the Inflation Reduction Act (IRA) of 2022, a bill passed by both chambers of Congress in August 2022. The bill contains a wide array of subsidies, taxes, credits, and pricing reforms, each with varying impacts on households and businesses. Additionally, the bill contains several energy, environment, and climate-related provisions that may influence production, cost competitiveness, profitability, tax payouts, and investment and share buyback decisions of US O&G companies. For more details, refer: The inflation Reduction Act (IRA)
2 Deloitte analysis based on data accessed from Rystad Energy Ucube, and US Energy Information Administration, July 2022
3 Deloitte analysis based on data accessed from Rystad Energy Ucube, July 2022
4 Deloitte analysis based on data accessed from Rystad Energy Ucube, July 2022
5 Deloitte analysis, S&P Capital IQ, July 2022
6 Deloitte analysis based on modeling of data accessed from Rystad Energy Ucube and S&P Capital IQ
7 Deloitte analysis based on modeling of data accessed from Rystad Energy Ucube and S&P Capital IQ
8 Deloitte analysis, S&P Capital IQ, Rystad Energy Ucube database, July 2022
9 Deloitte analysis; S&P Capital IQ; Rystad Energy Ucube Upstream
10 Bloomberg, Deloitte analysis
11 Deloitte analysis, and International Energy Agency "World Energy Investment 2022"
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SOUTH CHARLESTON, W.Va., Aug. 25, 2022 /PRNewswire/ -- GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) ("GreenPower"), a leading manufacturer and distributor of zero-emission, electric-powered, medium and heavy-duty vehicles, today announced the sale and delivery of three BEAST Type D all-electric school buses to the West Virginia Department of Education and the appointment of an independent dealer with locations across the state of West Virginia for GreenPower's BEAST Type D and Nano BEAST Type A all-electric school buses.
"We are excited to be working with Monica Matheny and her experienced bus team who are a full-service dealer covering the state of West Virginia," said Michael Perez, Vice President School Bus, Contracts and Grants for GreenPower. "The Matheny family has been selling and servicing commercial vehicles in West Virginia for more than 100 years. This relationship will help ensure that GreenPower school buses, manufactured in West Virginia, will be the school bus of choice across the state. It's a partnership that further provides for economic development in West Virginia and puts an emphasis on kids' health and well-being."
The dealer, headquartered in Parkersburg, West Virginia, will be the exclusive dealer for sales, parts and service for GreenPower school buses in the state of West Virginia and has initially agreed to purchase one BEAST and one Nano BEAST school bus from GreenPower for customers and demonstrations.
"I am pleased to learn of the new relationship between GreenPower and Monica Matheny and her team," said West Virginia Secretary of Economic Development Mitch Carmichael. "Having these electric vehicles manufactured in West Virginia and on the road transporting our most precious commodity, school kids, means a healthier school day, a stronger West Virginia economy and future job markets for these same children."
In addition to the buses to be purchased by the dealer, the West Virginia Department of Education has purchased and taken delivery of the three BEAST Type D school buses which will be used for the pilot project announced by Gov. Jim Justice in June. The pilot will commence in September as the school year begins. One Nano BEAST will also be purchased by the state later in the school year to expand the pilot to include a Type A all-electric, purpose-built, zero-emissions school bus.
GreenPower's BEAST is a 40-foot Type D school bus seating up to 90 passengers and the Nano BEAST is a 25-foot Type A school bus which is available with standard seating or with ADA. Both the BEAST and Nano BEAST have a class-leading range of up to 150 miles with a monocoque chassis design and built from the ground up to be battery-electric. The vehicles can charge up to 20 KW on a standard J1772 protocol or DC fast charge.
GreenPower and Media Contacts:
Brendan Riley
President
(510) 910-3377
Michael Perez
Vice President School Bus, Contracts and Grants
(909) 308-0960
Allie Potter
Skyya PR for GreenPower
(218) 766-8856
allie@skyya.com
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van, and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. GreenPower was founded in Vancouver, Canada with primary operational facilities in southern California. Listed on the Toronto exchange since November 2015, GreenPower completed its U.S. IPO and NASDAQ listing in August 2020. For further information go to www.greenpowermotor.com
This document contains forward-looking statements relating to, among other things, GreenPower's business and operations and the environment in which it operates, which are based on GreenPower's operations, estimates, forecasts, and projections. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as "upon", "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict or are beyond GreenPower's control. A number of important factors, including those set forth in other public filings (filed under the Company's profile on www.sedar.com), could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. GreenPower disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. © 2022 GreenPower Motor Company Inc. All rights reserved.
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- Leading the Way in Developing a More Sustainable Business Model for Innovative Biopharmaceutical Companies
- Commercial Model and Platform Upgraded to Stage 2.0
- A Robust Pipeline of 34 Valuable Assets Supporting Continuously Growth Momentum
ROCKVILLE, Md. and SUZHOU, China, Aug. 25, 2022 /PRNewswire/ -- Innovent Biologics, Inc. (Innovent) (HKEX: 01801), a world-class biopharmaceutical company that develops, manufactures and commercializes high-quality medicines for the treatment of cancer, metabolic, autoimmune, ophthalmology and other major diseases announced 2022 interim results and major company updates.
Dr. Michael Yu, Founder, Chairman and CEO of Innovent, stated: "This year was a watershed year of Innovent for next decade of development. For the past decade, Innovent has developed itself with an established platform foundation, sustained strong execution and favorable financial position. In 2022 to date, we continue to make remarkable progress in commercialization, product development, business collaboration and CMC under adherence to our long-term strategy of global innovation. Meanwhile, as one of China's leading innovative biopharmaceutical start-ups, Innovent made a pioneering deployment to explore and develop a more sustainable business model via optimizing organizational structure and enhancing refined management capabilities, with aim to support our company's long-term strategies more efficiently. We will continue to enhance drug R&D capability, expand global R&D team and promote global innovation and development, meanwhile expanding our commercial portfolio and improving business benefits and performance to create sustainable value for patients, employees, shareholders and the society."
Business Highlight Overview
- For the first half of 2022: RMB2,240million total revenue, including RMB2,041million product revenue at 10.0% growth compared with the same period of prior year
- Commercial portfolio increased to seven products; new approvals of additional indications and in new territories attained for marketed products.
- TYVYT® is successfully included in the updated National Reimbursement Drug List (NRDL) for three additional first-line indication for major types of cancer in beginning of 2022; and is approved for first-line treatment of two additional indications, i.e. esophageal cancer (ESCC) and gastric cancer (GC) in June 2022. - Upgrading commercial model and platform to 2.0 stage, actively seek to establish a more agile and lean organization with more refined, systematic and scientific management, aiming to further increase output and improve efficiency.
- Unleashing the platform value and unique competitive advantages, solicit more in-depth strategic collaborations with global pharmaceutical companies such as Lilly and Sanofi to accelerate the pace of innovation.
- Insisting on global innovation strategy with acceleration of clinical development and data readout
- 7 molecules at NDA or late clinical stage
- Oncology pipeline achieved preliminary positive Proof of Concept (PoC) data readouts for multiple global innovative molecules
- The non-oncology field entered into the harvest period with encouraging Phase 2 studies data readouts and registraitional clinical trials in plan for two potentially Best-in-Class molecules
Commercial – Product Sales Volume Fast Ramp-up and Commercial Platform Upgraded
- Expansion of commercial portfolio into seven approved products, including: TYVYT®, BYVASDA®, SULINNO®, HALPRYZA®, PEMAZYRE®, NAILIKE and CYRAMZA®.
- Product revenue RMB2,041 million in H1 2022: an increase of 10.0% compared with the same period of the prior year with fast ramp-up of product volume and synergic value unleashing.
- Broad coverage in commercial channels and networks with an experienced and professional sales and marketing team: coverage of over 5,000 hospitals and a well-structured commercial team of nearly 3,000 people.
- Upgraded commercial model and platform to 2.0 stage:
- Upgraded the commercialized business structure, operated in a more professional and precise BU model, and gradually established a more efficient marketing system.
- Created a good operational capability and model, which will effectively increase the sales scale while improving efficiency and revenue, thereby better supporting the company's long-term sustainable business development.
Pipeline – 34 Valuable Assets, Data Readout for High-Potential Molecules
Valuable pipeline consisted of 7 products approved for marketing in China, 3 assets under NMPA NDA review, 4 assets in Phase 3 or pivotal clinical trials, and an additional 20 molecules in clinical studies
Oncology: Robust pipeline with 25 assets covering broad cancer types
- TYVYT® as leading brand in PD-(L)1 market:
- 3 additional indications successfully included in the NRDL, including non-squamous non-small cell lung cancer (NSCLC), squamous NSCLC, and hepatocellular carcinoma (HCC).
- 2 additional indications approved for 1L ESCC and 1L GC. - Two NDA stage and multiple pivotal stage assets:
- Retsevmo® (selpercatinib), NDA accepted
- IBI-326 (BCMA CAR-T), NDA accepted
- IBI-310 (CTLA-4)
- IBI-344 (ROS1/NTRK)
- IBI-376 (PI3Kδ)
- IBI-126 (CEACAM5 ADC) - Multiple global innovative molecules rolled out preliminary positive data:
- IBI-110 (LAG3): 1L sqNSCLC, 1L GC
- IBI-188 (CD47): 1L MDS
- IBI-351 (KRASG12C): NSCLC, CRC
- IBI-344 (ROS1/NTRK): NSCLC
Non-Oncology: Differentiated 9 molecules represents long-term growth potential
- One NDA accepted and expected to be the second non-oncology product:
- IBI-306 (PCSK9), NDA accepted - Robust Phase 2 studies data readout and registrational trials in plan for two potential Best-in-Class molecules:
- IBI-362 (GLP-1/GCGR): Phase 2 studies data readout in obesity and type 2 diabetes, showing robust efficacy in weight loss, blood glucose lowering and multiple metabolic benefits. Plan to initiate Phase 3 studies for both indications in late 2022 to early 2023.
- IBI-112 (IL-23p19): observed significant efficacy signal in the Phase 2 study for psoriasis with long-acting potential and long dosing interval convenience. Plan to initiate Phase 3 study in the second half of 2022.
R&D: Global Innovation Continues as Long-term Strategy
- Innovent US and global product development team enhancement:
- Full operation of Innovent US: 300 Scientists of Innovent Academy based in China and the US work closely in the preclinical research project with focus on global innovation and cutting edge technologies, sustainably providing novel molecules into clinical development stage.
- Full-function overseas development and registration team established: as important part of the company's global product development platform, the team join and undertake the long-term strategy of global pipeline development. - Continue to progress global clinical development projects:
- First-in-human clinical studies to initiate in Australia for IBI-363 (PD-1/IL2) and IBI-343 (CLDN18.2 ADC) in H2 2022
- IND approved by the US FDA for the Phase 1 platform study for the treatment of melanoma - Breakthrough achievement for oversea market access:
- BYVASDA® (Indonesian trademark: Bevagen®) was approved by the Indonesian Food and Drug Administration (BPOM) and is expected to be the first Chinese anti-body drug to be commercialized and locally manufactured in Southeast Asia markets.
BD: Unique Competitive Advantages to Solicit More In-Depth Strategic Cooperation
- Entered into strategic collaboration with Sanofi to benefit more patients in China and initial equity investment of EUR300 million made by Sanofi in Innovent. Both companies are committed to accelerating the development and commercialization of clinical Phase 3 stage SAR408701 (tusamitamab ravtansine; anti-CEACAM5 antibody drug conjugates) and clinical Phase 2 stage SAR444245 (non-alpha IL-2) in China.
- Expanded oncology strategic partnership with Lilly: Innovent obtained the sole commercialization right of Cyramza® (ramucirumab) and Retsevmo® (selpercatinib) in Mainland China, and the right of the priority negotiation for future commercialization of Pirtobrutinib (BTK inhibitor) in Mainland China.
CMC: High-Quality and Scalable Manufacturing Capabilities
- 60,000L production capacity which is currently the largest stainless steel production capacity in China with more capacity construction in plan
- Quality compliance to GMP and cost advantage further strengthen market competitiveness
Financial Highlights for H1 2022
- Total revenue was RMB 2,240 million, an increase of 15.3% compared to the same period of the prior year.
- R&D expenses were RMB1,078 million, an increase of 22.5% compared to the same period of the prior year.
- Loss for the year was RMB1,085 million, mainly due to continuous investment in R&D.
- Cash on hand and short-term financial assets was approximately USD1.5 billion, which enables strategical focus on the long-term development.[1]
About Innovent
Inspired by the spirit of "Start with Integrity, Succeed through Action," Innovent's mission is to develop, manufacture and commercialize high-quality biopharmaceutical products that are affordable to ordinary people. Established in 2011, Innovent is committed to developing, manufacturing and commercializing high-quality innovative medicines in the fields of oncology, metabolic, autoimmune, ophthalmology and other major diseases. On October 31, 2018, Innovent was listed on the Main Board of the Stock Exchange of Hong Kong Limited with the stock code: 01801.HK.
Since its inception, Innovent has developed a fully integrated multi-functional platform which includes R&D, CMC (Chemistry, Manufacturing, and Controls), clinical development and commercialization capabilities. Leveraging the platform, the company has built a robust pipeline of 34 valuable assets in the fields of cancer, metabolic, autoimmune, ophthalmology and other major therapeutic areas, with 7 products approved for marketing in China – TYVYT® (sintilimab injection), BYVASDA® (bevacizumab biosimilar injection), SULINNO® (adalimumab biosimilar injection), HALPRYZA® (rituximab biosimilar injection) , Pemazyre® (pemigatinib oral inhibitor), NAILIKE(olverembatinib) and Cyramza® (ramucirumab), 3 assets under NMPA NDA review, 4 assets in Phase 3 or pivotal clinical trials, and an additional 20 molecules in clinical studies.
Innovent has built an international team with advanced talent in high-end biological drug development and commercialization, including many global experts. The company has also entered into strategic collaborations with Eli Lilly and Company, Sanofi, Adimab, Incyte, MD Anderson Cancer Center and other international partners. Innovent strives to work with many collaborators to help advance China's biopharmaceutical industry, improve drug availability and enhance the quality of the patients' lives. For more information, please visit: www.innoventbio.com. and www.linkedin.com/company/innovent-biologics/.
Note:
TYVYT® (sintilimab injection) is not an approved product in the United States.
BYVASDA® (bevacizumab biosimilar injection), SULINNO®, and HALPRYZA® (rituximab biosimilar injection) are not approved products in the United States.
TYVYT® (sintilimab injection, Innovent)
BYVASDA® (bevacizumab biosimilar injection, Innovent)
HALPRYZA® (rituximab biosimilar injection, Innovent)
SULINNO® (adalimumab biosimilar injection, Innovent)
Pemazyre® (pemigatinib oral inhibitor, Incyte Corporation). Pemazyre® was discovered by Incyte Corporation and licensed to Innovent for development and commercialization in Mainland China, Hong Kong, Macau and Taiwan.
CYRAMZA® (ramucirumab, Eli Lilly). Cyramza® was discovered by Eli Lilly and licensed to Innovent for commercialization in Mainland China.
Forward-Looking Statements
This news release may contain certain forward-looking statements that are, by their nature, subject to significant risks and uncertainties. The words "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to Innovent Biologics ("Innovent"), are intended to identify certain of such forward-looking statements. Innovent does not intend to update these forward-looking statements regularly.
These forward-looking statements are based on the existing beliefs, assumptions, expectations, estimates, projections and understandings of the management of Innovent with respect to future events at the time these statements are made. These statements are not a guarantee of future developments and are subject to risks, uncertainties and other factors, some of which are beyond Innovent's control and are difficult to predict. Consequently, actual results may differ materially from information contained in the forward-looking statements as a result of future changes or developments in our business, Innovent's competitive environment and political, economic, legal and social conditions.
Innovent, the Directors and the employees of Innovent assume (a) no obligation to correct or update the forward-looking statements contained in this site; and (b) no liability in the event that any of the forward-looking statements does not materialise or turn out to be incorrect.
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