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DALLAS, July 25, 2022 /PRNewswire/ -- Nanoscope Therapeutics Inc., a clinical-stage biotechnology company developing gene therapies for retinal degenerative diseases, today announced that the first patient has been dosed in a Phase 2 trial of its Multi-Characteristic Opsin (MCO-010) ambient-light activatable optogenetic monotherapy for Stargardt disease.
"This trial represents the second indication for our vision restoring therapy for people blinded by rare inherited retinal degenerative diseases regardless of gene mutations," said Sulagna Bhattacharya, CEO of Nanoscope. "Our RESTORE Phase 2b trial for Retinitis Pigmentosa patients has completed enrollment and results are expected in Q1 2023. There are no approved treatments for these debilitating conditions."
The Phase 2 STARLIGHT open-label trial (NCT05417126) currently has active clinical sites in Texas and Florida and will enroll approximately six patients to receive the same MCO-010 dose of 1.2E11gc/eye as used in the Phase 2b Retinitis Pigmentosa (RP) study. Six-month safety and efficacy data are expected in Q1 2023. Stargardt disease is a progressive, inherited condition affecting children and adults. The condition results in damage to the macula, the central part of the retina responsible for central and detailed vision. Stargardt disease can be caused by several different gene mutations and is the second most common inherited retinal condition after RP.
"Existing experimental treatments for Stargardt primarily aim to slow progression of vision loss. For people who already have advanced vision loss, an optogenetics based approach, such as MCO-010, may have much greater potential to restore lost vision," Aaron Osborne, CMO and CDO at Nanoscope added.
"MCO-010 offers new hope for individuals with Stargardt macular degeneration. Stargardt patients with severe degeneration typically lack sufficient light sensing photoreceptor neurons needed to qualify for experimental ABCA4 gene specific therapies. Optogenetic therapy may be able to treat a wider group of patients with Juvenile macular degeneration regardless of the status of their light sensing photoreceptor neurons," said Stephen Tsang, MD, PhD, Laszlo Z. Bito Professor of Ophthalmology, Pathology and Cell Biology at Columbia University Irving Medical Center and advisor to Nanoscope Therapeutics.
Nanoscope's MCO-010 gene therapy reprograms healthy retinal cells to make them photosensitive. It uses proprietary vector and promoter technology to deliver the MCO genes into retinal bipolar cells enabling vision in different color environments. The therapy involves a single intravitreal injection in a medical office setting.
Nanoscope Therapeutics is developing gene-agnostic, sight restoring optogenetic therapies for the millions of patients blinded by retinal degenerative diseases, for which no cure exists. The company's lead asset, MCO-010, is presently in Phase 2b multicenter, randomized, double-masked, sham-controlled clinical trials in the U.S. for retinitis pigmentosa (NCT04945772) with top line data expected Q1 2023. The company has also initiated a Phase 2 trial of MCO-010 therapy in Stargardt patients (NCT05417126). MCO-010 has received FDA orphan drug designations for RP and Stargardt. Preclinical assets include non-viral laser delivered MCO-020 gene therapy for geographic atrophy.
Investor Contact:
Argot Partners
212-600-1902
Nanoscope@argotpartners.com
View original content to download multimedia:
SOURCE Nanoscope Therapeutics | https://www.cleveland19.com/prnewswire/2022/07/25/nanoscope-therapeutics-announces-first-patient-dosed-starlight-phase-2-clinical-trial-mco-010-optogenetic-gene-therapy-stargardt-disease/ | 2022-07-25T11:45:48Z | https://www.cleveland19.com/prnewswire/2022/07/25/nanoscope-therapeutics-announces-first-patient-dosed-starlight-phase-2-clinical-trial-mco-010-optogenetic-gene-therapy-stargardt-disease/ | true |
CA San Francisco Bay Area Zone Forecast for Sunday, July 24, 2022
_____
853 FPUS56 KMTR 251001
ZFPMTR
San Francisco Bay Area/Central California Zone Forecast
National Weather Service San Francisco Bay Area
301 AM PDT Mon Jul 25 2022
This is an automatically generated product that provides average
values for large geographic areas. For a more site specific
forecast...please visit weather.gov/sanfrancisco
(1) Select a location from the drop down menu above the map...
-- or --
(2) Click a location on the map.
You can refine your selection by clicking on the map displayed on
the resulting page.
CAZ505-260100-
Coastal North Bay...Including Point Reyes National Seashore-
301 AM PDT Mon Jul 25 2022
.REST OF TONIGHT...Cloudy. Lows in the upper 40s. South winds
around 5 mph.
.MONDAY...Mostly cloudy in the morning then becoming partly
cloudy. Highs in the lower 60s. Southwest winds 5 to 10 mph.
.MONDAY NIGHT...Mostly cloudy. A slight chance of thunderstorms
and drizzle after midnight. Lows in the lower 50s. Southwest
winds 5 to 10 mph.
.TUESDAY...Mostly cloudy. A slight chance of thunderstorms and
drizzle in the morning. Highs in the lower to mid 60s. Southwest
winds 5 to 10 mph. Chance of thunderstorms 20 percent.
.TUESDAY NIGHT...Mostly cloudy. Lows in the lower 50s. West winds
5 to 10 mph.
.WEDNESDAY...Partly cloudy. Highs in the upper 50s to mid 60s.
.WEDNESDAY NIGHT THROUGH FRIDAY...Partly cloudy. Lows in the
lower 50s. Highs in the 60s to lower 70s.
.FRIDAY NIGHT THROUGH SATURDAY NIGHT...Mostly cloudy. Lows in the
lower 50s. Highs in the 60s.
.SUNDAY...Mostly cloudy in the morning then becoming partly
cloudy. Highs in the 60s.
TEMPERATURE / PRECIPITATION
Point Reyes 49 65 53 65 / 20 0 20 20
$$
CAZ503-260100-
Sonoma Coastal Range-
301 AM PDT Mon Jul 25 2022
.REST OF TONIGHT...Partly cloudy. Lows in the lower 50s. South
winds around 5 mph.
.MONDAY...Sunny. Highs in the lower 80s. Southwest winds 5 to
10 mph.
.MONDAY NIGHT...Mostly clear in the evening then becoming partly
cloudy. A slight chance of thunderstorms after midnight. Lows in
the lower 50s. Southwest winds around 5 mph.
.TUESDAY...Sunny. A slight chance of thunderstorms in the
morning. Highs around 80. Southwest winds 5 to 10 mph. Chance of
thunderstorms 20 percent.
.TUESDAY NIGHT...Mostly clear in the evening then becoming partly
cloudy. Lows in the lower 50s. West winds around 5 mph.
.WEDNESDAY...Sunny. Highs in the lower 80s.
.WEDNESDAY NIGHT THROUGH FRIDAY NIGHT...Mostly clear. Lows in the
upper 50s. Highs in the upper 80s.
.SATURDAY...Sunny in the morning then becoming partly cloudy.
Highs in the mid 80s.
.SATURDAY NIGHT AND SUNDAY...Mostly clear. Lows in the mid 50s.
Highs in the mid 80s.
$$
CAZ502-260100-
Marin Coastal Range-
301 AM PDT Mon Jul 25 2022
.REST OF TONIGHT...Mostly cloudy. Lows in the lower 50s.
Southwest winds 5 to 10 mph.
.MONDAY...Partly cloudy in the morning then becoming sunny. Highs
in the upper 60s to mid 70s. Southwest winds 5 to 15 mph.
.MONDAY NIGHT...Mostly clear in the evening then becoming mostly
cloudy. A slight chance of thunderstorms after midnight. Lows in
the mid 50s. Southwest winds 10 to 20 mph.
.TUESDAY...Mostly cloudy in the morning then becoming sunny. A
slight chance of thunderstorms in the morning. Highs in the mid
70s. Southwest winds 10 to 15 mph. Chance of thunderstorms
20 percent.
.TUESDAY NIGHT...Mostly clear in the evening then becoming partly
cloudy. Lows in the mid 50s. West winds 10 to 15 mph.
.WEDNESDAY...Sunny. Highs in the mid 70s.
.WEDNESDAY NIGHT AND THURSDAY...Mostly clear. Lows in the mid
50s. Highs in the mid 70s.
.THURSDAY NIGHT THROUGH SUNDAY...Partly cloudy. Lows in the upper
50s. Highs in the mid to upper 70s.
$$
CAZ506-260100-
North Bay Interior Valleys-
301 AM PDT Mon Jul 25 2022
.REST OF TONIGHT...Mostly cloudy. Patchy fog. Lows in the upper
40s to mid 50s. Southwest winds 10 to 20 mph.
.MONDAY...Partly cloudy in the morning then becoming sunny.
Patchy fog in the morning. Highs in the 70s to 80s. Southwest
winds 10 to 20 mph.
.MONDAY NIGHT...Mostly clear in the evening then becoming mostly
cloudy. Patchy fog after midnight. A slight chance of
thunderstorms after midnight. Lows in the 50s. Southwest winds
10 to 20 mph.
.TUESDAY...Mostly cloudy in the morning then becoming sunny. A
slight chance of thunderstorms in the morning. Highs in the 70s
to 80s. Southwest winds 10 to 20 mph. Chance of thunderstorms
20 percent.
.TUESDAY NIGHT...Clear in the evening then becoming partly
cloudy. Lows in the lower to mid 50s. Southwest winds 10 to
20 mph.
.WEDNESDAY...Partly cloudy in the morning then becoming sunny.
Highs in the 70s to 80s.
.WEDNESDAY NIGHT THROUGH FRIDAY...Mostly clear. Lows in the 50s
to lower 60s. Highs in the mid 70s to lower 90s.
.FRIDAY NIGHT THROUGH SUNDAY...Partly cloudy. Lows in the 50s to
lower 60s. Highs in the mid 70s to lower 90s.
TEMPERATURE / PRECIPITATION
Santa Rosa 49 80 52 81 / 0 0 20 20
San Rafael 54 80 56 80 / 0 0 20 20
Napa 52 79 55 79 / 0 0 20 20
$$
CAZ504-260100-
North Bay Interior Mountains-
301 AM PDT Mon Jul 25 2022
.REST OF TONIGHT...Mostly clear. Lows in the 50s to mid 60s.
Northwest winds 5 to 10 mph.
.MONDAY...Sunny. Highs in the upper 70s to lower 90s. Southwest
winds 5 to 15 mph.
.MONDAY NIGHT...Mostly clear in the evening then becoming partly
cloudy. A slight chance of thunderstorms after midnight. Lows in
the mid 50s to lower 60s. West winds 10 to 20 mph.
.TUESDAY...Sunny. A slight chance of thunderstorms in the
morning. Highs in the mid 70s to lower 90s. Southwest winds 5 to
15 mph. Chance of thunderstorms 20 percent.
.TUESDAY NIGHT...Mostly clear. Lows in the mid 50s to lower 60s.
West winds 10 to 20 mph.
.WEDNESDAY...Sunny. Highs in the mid 70s to lower 90s.
.WEDNESDAY NIGHT...Clear. Lows in the upper 50s to mid 60s.
.THURSDAY THROUGH SUNDAY...Mostly clear. Highs in the upper 70s
to mid 90s. Lows in the 60s.
TEMPERATURE / PRECIPITATION
Lake Berryessa 62 92 63 90 / 0 0 20 20
$$
CAZ006-260100-
San Francisco-
301 AM PDT Mon Jul 25 2022
.REST OF TONIGHT...Cloudy. Lows in the lower 50s. Southwest winds
10 to 15 mph.
.MONDAY...Mostly cloudy in the morning then becoming partly
cloudy. Highs in the 50s to upper 60s. Southwest winds 10 to
20 mph.
.MONDAY NIGHT...Mostly cloudy. A slight chance of drizzle after
midnight. Lows in the mid 50s. Southwest winds 10 to 20 mph.
.TUESDAY...Mostly cloudy in the morning then becoming partly
cloudy. A slight chance of drizzle in the morning. Highs in the
50s to upper 60s. Southwest winds 10 to 20 mph.
.TUESDAY NIGHT...Partly cloudy in the evening then becoming
mostly cloudy. Lows in the mid 50s. West winds 10 to 20 mph.
.WEDNESDAY...Mostly cloudy in the morning then becoming partly
cloudy. Highs in the 50s to upper 60s.
.WEDNESDAY NIGHT THROUGH SUNDAY...Mostly cloudy. Lows in the mid
50s. Highs in the upper 50s to lower 70s.
TEMPERATURE / PRECIPITATION
San Francisco 52 64 56 66 / 20 0 20 20
Ocean Beach 52 61 55 62 / 20 0 20 20
$$
CAZ509-260100-
San Francisco Peninsula Coast-
301 AM PDT Mon Jul 25 2022
.REST OF TONIGHT...Cloudy. Patchy fog. Lows in the lower 50s.
Southwest winds 5 to 10 mph.
.MONDAY...Mostly cloudy. Highs in the mid 60s. Southwest winds
5 to 15 mph.
.MONDAY NIGHT...Mostly cloudy. A slight chance of drizzle after
midnight. Lows in the mid 50s. Southwest winds 5 to 15 mph.
.TUESDAY...Mostly cloudy. A slight chance of drizzle in the
morning. Highs in the mid 60s. Southwest winds 5 to 15 mph.
.TUESDAY NIGHT...Mostly cloudy. Lows in the mid 50s. Southwest
winds 5 to 10 mph.
.WEDNESDAY...Mostly cloudy. Highs in the mid 60s.
.WEDNESDAY NIGHT AND THURSDAY...Mostly cloudy. Lows in the mid
50s. Highs in the 60s.
.THURSDAY NIGHT...Cloudy. Lows in the mid 50s.
.FRIDAY...Mostly cloudy. Highs in the 60s.
.FRIDAY NIGHT...Cloudy. Lows in the mid 50s.
.SATURDAY THROUGH SUNDAY...Mostly cloudy. Highs in the 60s. Lows
in the mid 50s.
$$
CAZ508-260100-
San Francisco Bay Shoreline-
301 AM PDT Mon Jul 25 2022
.REST OF TONIGHT...Mostly cloudy. Lows in the mid 50s. West winds
around 5 mph.
.MONDAY...Mostly cloudy in the morning then becoming sunny. Highs
in the 70s to lower 80s. Northwest winds 5 to 15 mph.
.MONDAY NIGHT...Mostly clear in the evening then becoming mostly
cloudy. Lows in the upper 50s. West winds 5 to 15 mph.
.TUESDAY...Mostly cloudy in the morning then becoming sunny.
Highs in the 70s to lower 80s. West winds 5 to 10 mph...becoming
northwest 10 to 20 mph in the afternoon.
.TUESDAY NIGHT...Clear in the evening then becoming partly
cloudy. Lows in the upper 50s. Northwest winds 10 to 20 mph.
.WEDNESDAY...Mostly cloudy in the morning then becoming sunny.
Highs in the 70s to lower 80s.
.WEDNESDAY NIGHT THROUGH SUNDAY...Partly cloudy. Lows in the
upper 50s. Highs in the upper 60s to mid 80s.
TEMPERATURE / PRECIPITATION
SFO Airport 55 71 57 72 / 0 0 10 10
Oakland 55 71 57 71 / 0 0 10 10
Fremont 55 78 58 77 / 0 0 10 10
Redwood City 55 82 57 81 / 0 0 10 10
Mountain View 55 74 58 74 / 0 0 10 10
$$
CAZ510-260100-
East Bay Interior Valleys-
301 AM PDT Mon Jul 25 2022
.REST OF TONIGHT...Mostly clear. Lows in the upper 50s. West
winds 5 to 10 mph.
.MONDAY...Sunny. Highs near 90. West winds 5 to 15 mph.
.MONDAY NIGHT...Mostly clear in the evening then becoming partly
cloudy. A slight chance of thunderstorms after midnight. Lows
around 60. West winds 5 to 15 mph.
.TUESDAY...Sunny. A slight chance of thunderstorms in the
morning. Highs in the upper 80s. West winds 5 to 10 mph
increasing to 10 to 20 mph in the afternoon. Chance of
thunderstorms 20 percent.
.TUESDAY NIGHT...Mostly clear. Lows in the upper 50s. West winds
10 to 20 mph.
.WEDNESDAY...Sunny. Highs in the lower 90s.
.WEDNESDAY NIGHT THROUGH FRIDAY NIGHT...Mostly clear. Lows in the
lower 60s. Highs in the upper 80s to mid 90s.
.SATURDAY...Partly cloudy in the morning then becoming sunny.
Highs in the upper 80s to mid 90s.
.SATURDAY NIGHT AND SUNDAY...Mostly clear. Lows in the lower 60s.
Highs in the lower to mid 90s.
TEMPERATURE / PRECIPITATION
Concord 55 88 58 85 / 0 0 20 20
Livermore 55 89 58 88 / 0 0 20 20
$$
CAZ513-260100-
Santa Clara Valley...including San Jose-
301 AM PDT Mon Jul 25 2022
.REST OF TONIGHT...Mostly cloudy. Lows in the mid 50s. South
winds around 5 mph.
.MONDAY...Partly cloudy in the morning then becoming sunny. Highs
in the 80s. Southeast winds around 5 mph...becoming west 5 to
15 mph in the afternoon.
.MONDAY NIGHT...Mostly clear in the evening then becoming partly
cloudy. Lows in the upper 50s. West winds 5 to 15 mph...becoming
south around 5 mph after midnight.
.TUESDAY...Partly cloudy in the morning then becoming sunny.
Highs in the 80s. Southeast winds 5 to 10 mph...becoming
northwest 5 to 15 mph in the afternoon.
.TUESDAY NIGHT...Clear in the evening then becoming partly
cloudy. Lows in the upper 50s. Northwest winds 5 to 15 mph.
.WEDNESDAY...Partly cloudy in the morning then becoming sunny.
Highs in the 80s.
.WEDNESDAY NIGHT THROUGH FRIDAY NIGHT...Mostly clear. Lows around
60. Highs in the 80s to lower 90s.
.SATURDAY...Partly cloudy in the morning then becoming sunny.
Highs in the 80s to lower 90s.
.SATURDAY NIGHT AND SUNDAY...Mostly clear. Lows in the lower 60s.
Highs in the mid 80s to lower 90s.
TEMPERATURE / PRECIPITATION
San Jose 56 82 59 81 / 0 0 10 10
Morgan Hill 53 87 56 87 / 0 0 10 10
$$
CAZ512-260100-
Santa Cruz Mountains-
301 AM PDT Mon Jul 25 2022
.REST OF TONIGHT...Partly cloudy. Patchy fog. Lows in the lower
50s to mid 60s. South winds around 5 mph.
.MONDAY...Partly cloudy in the morning then becoming sunny.
Patchy fog in the morning. Highs in the 70s. South winds 5 to
10 mph.
.MONDAY NIGHT...Mostly clear in the evening then becoming partly
cloudy. Lows in the 50s to lower 60s. Southwest winds 5 to
10 mph.
.TUESDAY...Sunny. Highs in the 70s to lower 80s. South winds 5 to
10 mph.
.TUESDAY NIGHT...Mostly clear. Lows in the 50s to lower 60s.
Southwest winds 5 to 10 mph.
.WEDNESDAY...Sunny. Highs in the 70s to lower 80s.
.WEDNESDAY NIGHT THROUGH FRIDAY NIGHT...Mostly clear. Lows in the
50s to mid 60s. Highs in the lower 70s to mid 80s.
.SATURDAY...Partly cloudy in the morning then becoming sunny.
Highs in the lower 70s to mid 80s.
.SATURDAY NIGHT AND SUNDAY...Mostly clear. Lows in the upper 50s
to mid 60s. Highs in the 70s to mid 80s.
$$
CAZ515-260100-
East Bay Hills-
301 AM PDT Mon Jul 25 2022
.REST OF TONIGHT...Mostly clear. Lows in the upper 50s. Southwest
winds around 20 mph.
.MONDAY...Sunny. Highs in the upper 80s. Southwest winds 15 to
20 mph.
.MONDAY NIGHT...Mostly clear in the evening then becoming partly
cloudy. A slight chance of thunderstorms after midnight. Lows in
the upper 50s. Southwest winds around 20 mph.
.TUESDAY...Partly cloudy in the morning then becoming sunny. A
slight chance of thunderstorms in the morning. Highs in the mid
80s. Southwest winds 10 to 20 mph. Chance of thunderstorms
20 percent.
.TUESDAY NIGHT...Mostly clear. Lows in the upper 50s. Southwest
winds around 20 mph.
.WEDNESDAY...Sunny. Highs in the upper 80s.
.WEDNESDAY NIGHT THROUGH FRIDAY...Mostly clear. Lows in the lower
60s. Highs in the upper 80s.
.FRIDAY NIGHT THROUGH SATURDAY NIGHT...Partly cloudy. Lows in the
lower 60s. Highs in the upper 80s.
.SUNDAY...Sunny. Highs around 90.
$$
CAZ514-260100-
Eastern Santa Clara Hills-
301 AM PDT Mon Jul 25 2022
.REST OF TONIGHT...Mostly clear. Lows in the 60s to lower 70s.
South winds around 5 mph.
.MONDAY...Sunny. Highs in the upper 80s. South winds 5 to 10 mph.
.MONDAY NIGHT...Mostly clear in the evening then becoming partly
cloudy. A slight chance of thunderstorms after midnight. Lows in
the 60s to lower 70s. Southwest winds 5 to 10 mph.
.TUESDAY...Sunny. A slight chance of thunderstorms in the
morning. Highs in the mid 80s. South winds 5 to 10 mph. Chance of
thunderstorms 20 percent.
.TUESDAY NIGHT...Clear. Lows in the 50s to upper 60s. West winds
around 5 mph.
.WEDNESDAY...Sunny. Highs in the mid 80s.
.WEDNESDAY NIGHT...Clear. Lows in the 60s to lower 70s.
.THURSDAY THROUGH SUNDAY...Mostly clear. Highs in the mid to
upper 80s. Lows in the 60s to lower 70s.
$$
CAZ529-260100-
Northern Monterey Bay-
301 AM PDT Mon Jul 25 2022
.REST OF TONIGHT...Cloudy. Patchy fog. Lows in the lower 50s.
Southwest winds around 5 mph.
.MONDAY...Mostly cloudy in the morning then becoming sunny.
Patchy fog in the morning. Highs around 70. Southwest winds 5 to
10 mph.
.MONDAY NIGHT...Mostly cloudy. Patchy fog. A slight chance of
drizzle after midnight. Lows in the mid 50s. Southwest winds 5 to
10 mph in the evening...becoming light.
.TUESDAY...Mostly cloudy in the morning then becoming sunny. A
slight chance of drizzle in the morning. Highs in the upper 60s
to mid 70s. Southwest winds 5 to 10 mph.
.TUESDAY NIGHT...Mostly clear in the evening then becoming mostly
cloudy. Patchy fog after midnight. Lows in the mid 50s. Southwest
winds 5 to 10 mph in the evening...becoming light.
.WEDNESDAY...Mostly cloudy in the morning then becoming sunny.
Patchy fog. Highs in the lower to mid 70s.
.WEDNESDAY NIGHT...Mostly clear in the evening then becoming
mostly cloudy. Patchy fog. Lows in the mid 50s.
.THURSDAY...Partly cloudy in the morning then becoming sunny.
Highs in the 70s.
.THURSDAY NIGHT THROUGH SUNDAY...Partly cloudy. Patchy fog. Lows
in the mid 50s. Highs in the mid 70s.
TEMPERATURE / PRECIPITATION
Santa Cruz 51 71 53 74 / 20 0 20 20
$$
CAZ530-260100-
Southern Monterey Bay and Big Sur Coast-
301 AM PDT Mon Jul 25 2022
.REST OF TONIGHT...Mostly cloudy. Lows in the lower to mid 50s.
West winds around 5 mph.
.MONDAY...Mostly cloudy in the morning then becoming sunny. Highs
around 70. West winds 5 to 10 mph.
.MONDAY NIGHT...Partly cloudy in the evening then becoming mostly
cloudy. A slight chance of drizzle after midnight. Lows in the
mid 50s. Southwest winds 5 to 10 mph.
.TUESDAY...Mostly cloudy in the morning then becoming partly
cloudy. A slight chance of drizzle in the morning. Highs in the
lower 70s. Southwest winds 5 to 10 mph.
.TUESDAY NIGHT...Mostly clear in the evening then becoming partly
cloudy. Lows in the mid 50s. West winds 5 to 10 mph.
.WEDNESDAY...Partly cloudy in the morning then becoming sunny.
Highs in the upper 60s to mid 70s.
.WEDNESDAY NIGHT THROUGH SUNDAY...Partly cloudy. Lows in the
upper 50s. Highs in the upper 60s to mid 70s.
TEMPERATURE / PRECIPITATION
Monterey 54 69 56 71 / 20 0 20 20
Big Sur 50 71 51 73 / 0 0 0 0
$$
CAZ528-260100-
Northern Salinas Valley...Hollister Valley...and Carmel Valley-
301 AM PDT Mon Jul 25 2022
.REST OF TONIGHT...Mostly cloudy. Lows in the lower 50s. West
winds around 5 mph.
.MONDAY...Partly cloudy in the morning then becoming sunny.
Patchy fog in the morning. Highs in the upper 60s to lower 80s.
West winds around 5 mph increasing to 10 to 20 mph in the
afternoon.
.MONDAY NIGHT...Partly cloudy in the evening then becoming mostly
cloudy. Lows in the mid 50s. Northwest winds 10 to 15 mph
decreasing to around 5 mph after midnight.
.TUESDAY...Mostly cloudy in the morning then becoming sunny.
Highs in the upper 60s to lower 80s. Northwest winds 5 to 10 mph
increasing to 10 to 20 mph in the afternoon.
.TUESDAY NIGHT...Mostly clear in the evening then becoming partly
cloudy. Lows in the mid 50s. Northwest winds 10 to 20 mph...
becoming 5 to 10 mph after midnight.
.WEDNESDAY...Partly cloudy in the morning then becoming sunny.
Highs in the upper 60s to lower 80s.
.WEDNESDAY NIGHT AND THURSDAY...Mostly clear. Lows in the 50s.
Highs in the upper 60s Salinas Valley and in the mid 80s
Hollister Valley.
.THURSDAY NIGHT THROUGH SUNDAY...Partly cloudy. Lows in the upper
50s. Highs around 70 Salinas Valley and in the mid 80s Hollister
Valley.
TEMPERATURE / PRECIPITATION
Salinas 52 67 54 68 / 0 0 0 0
Carmel Valley 51 80 54 81 / 0 0 0 0
Hollister 51 79 54 80 / 0 0 10 10
$$
CAZ516-260100-
Southern Salinas Valley...Arroyo Seco...and Lake San Antonio-
301 AM PDT Mon Jul 25 2022
.REST OF TONIGHT...Partly cloudy. Patchy fog. Lows around 50.
Light winds.
.MONDAY...Sunny. Patchy fog in the morning. Highs near 90. North
winds around 5 mph...becoming west 5 to 15 mph in the afternoon.
.MONDAY NIGHT...Mostly clear except patchy fog after midnight.
Lows in the lower 50s. Northwest winds 5 to 15 mph in the
evening...becoming light.
.TUESDAY...Sunny. Patchy fog in the morning. Highs near 90. Light
winds...becoming west 10 to 20 mph in the afternoon.
.TUESDAY NIGHT...Clear. Lows in the lower 50s. West winds 10 to
20 mph.
.WEDNESDAY...Sunny. Highs in the upper 80s to mid 90s.
.WEDNESDAY NIGHT THROUGH SUNDAY...Mostly clear. Lows in the upper
50s. Highs in the 90s.
TEMPERATURE / PRECIPITATION
King City 49 87 50 87 / 0 0 0 0
$$
CAZ517-260100-
Santa Lucia Mountains and Los Padres National Forest-
301 AM PDT Mon Jul 25 2022
.REST OF TONIGHT...Mostly clear. Lows in the 50s to 60s. South
winds 5 to 10 mph.
.MONDAY...Sunny. Highs in the upper 70s to lower 90s. Southeast
winds 5 to 15 mph.
.MONDAY NIGHT...Mostly clear. Lows in the 50s to 60s. Southeast
winds 10 to 15 mph.
.TUESDAY...Sunny. Highs in the mid 70s to upper 80s. Southeast
winds 5 to 15 mph.
.TUESDAY NIGHT...Mostly clear. Lows in the 50s to lower 60s.
Southeast winds 5 to 15 mph.
.WEDNESDAY...Sunny. Highs in the upper 70s to lower 90s.
.WEDNESDAY NIGHT THROUGH SUNDAY...Mostly clear. Lows in the mid
50s to lower 70s. Highs in the upper 70s to mid 90s.
$$
CAZ518-260100-
Mountains of San Benito and Interior Monterey County including
Pinnacles National Park-
301 AM PDT Mon Jul 25 2022
.REST OF TONIGHT...Mostly clear. Lows in the mid 50s to upper
60s. Southwest winds up to 5 mph.
.MONDAY...Sunny. Highs in the lower 80s to mid 90s. South winds
up to 5 mph...becoming southwest 5 to 15 mph in the afternoon.
.MONDAY NIGHT...Mostly clear. Lows in the mid 50s to upper 60s.
West winds 10 to 15 mph...becoming southwest up to 5 mph after
midnight.
.TUESDAY...Sunny. Highs in the lower 80s to mid 90s. Southwest
winds 5 to 15 mph.
.TUESDAY NIGHT...Clear. Lows in the 50s to mid 60s. Northwest
winds 10 to 20 mph...becoming 5 to 10 mph after midnight.
.WEDNESDAY...Sunny. Highs in the 80s to 90s.
.WEDNESDAY NIGHT THROUGH SUNDAY...Mostly clear. Lows in the upper
50s to lower 70s. Highs in the mid 80s to upper 90s.
TEMPERATURE / PRECIPITATION
Pinnacles NP 54 96 55 95 / 0 0 10 10
$$
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- Creates a company with larger scale and significant free cash flow to unlock shareholder value
- Substantial combined gold reserve of 3.8 Moz and resource base of 18.3 Moz Measured & Indicated and 7.7 Moz Inferred1
- Strengthened mine-building, operating and financial capacity
- Streamlined corporate structure with direct realizable synergies
- No premium, all-share business combination
TORONTO and VANCOUVER, BC, July 25, 2022 /PRNewswire/ - GCM Mining Corp. (GCM) (TSX: GCM) (OTCQX: TPRFF) and Aris Gold Corporation (Aris Gold) (TSX: ARIS) (OTCQX: ALLXF) announce they have entered into a definitive agreement (the Arrangement Agreement) under which GCM will acquire all the outstanding Aris Gold shares not already held by GCM (the Transaction). The resulting entity will be named Aris Gold Corporation and will be led by Ian Telfer as Chair and Neil Woodyer as CEO and Director.
Ian Telfer, Aris Gold Chair, stated: "The combined group creates a top-in-class company with multiple tier one assets. After Aris Gold became operator of the Soto Norte joint venture, joining forces with GCM became a logical next step. Our increased scale will also broaden our future opportunities to continue building a +1 million ounce producer over the next few years."
Serafino Iacono, Executive Chair of GCM, stated: Each team has unique strengths with GCM being the Colombian leader for responsible, sustainable mining practices. Together with Aris Gold's Board and management, the combined group brings a track record of building sizable and successful mining companies; this transaction further diversifies the company's portfolio and reaffirms Colombia as an area of focus. While I am stepping down from a day-to-day executive role, I will remain a director and advisor on matters in Colombia as well as an enthusiastic securityholder."
Neil Woodyer, CEO of Aris Gold, stated: "We are building a gold mining business with scale, cash flow, a strong financial position with US$397 million of cash and US$260 million of additional committed funding, and a high-quality growth pipeline. Our teams are well known to each other, and together we will optimize the delivery of the growth projects to unlock shareholder value."
Under the terms of the Transaction, all the outstanding Aris Gold shares not held by GCM will be exchanged at a ratio of 0.5 of a common share of GCM for each common share of Aris Gold (the Exchange Ratio). The Exchange Ratio was determined at-market giving consideration to the 10-day and 20-day volume weighted average prices on the TSX for each of GCM and Aris Gold for the period ended July 22, 2022. Both the GCM and Aris Gold Boards of Directors (other than certain interested directors) have approved the terms of the Arrangement Agreement, and all of the directors and officers of both GCM and Aris Gold have entered into binding voting support agreements in favour of the Transaction, representing in aggregate 3.0% of GCM's issued shares and 9.0% of Aris Gold's issued shares.
- Creates the top-of-the-class company among junior producers and the largest gold company in Colombia, with diversification in Guyana and Canada.
- Experienced Board of Directors and management team with a track record of building value in the gold sector
- Brings together teams with unmatched experience in Colombia and extensive project development and mine building expertise
- Strong financial position to de-risk growth projects, with combined cash and committed funding of US$657 million2 and free cash flow generation from the Segovia Operations (US$84 million on a 12-month trailing basis to March 31, 2022)3
- Estimated G&A cost savings of US$10 million per year through the reduction of duplicative public company expenses and rationalizing other expenses
- No premium transaction that simplifies the ownership structure within a single company
- Substantial long-term re-rating potential, with share price upside from enhanced market visibility, trading liquidity, access to capital, and reduced cost of capital
The Board of Directors of the resulting entity will have nine members, with Ian Telfer as Chair and Daniela Cambone, David Garofalo, Mónica de Greiff, Serafino Iacono, Peter Marrone, Hernan Martinez, Attie Roux and Neil Woodyer as members.
Mónica de Greiff is new to the Aris Gold team and is a former Board Member of GCM, from 2018 to 2020, when she left to accept the position of Colombian Ambassador to Kenya. She has held positions in both the public and private sectors, including Minister of Justice for the Republic of Colombia and Vice Minister of Mines and Energy. Ms. de Greiff is a former member of the Board of Directors of the United Nations Global Compact, the world's largest corporate sustainability initiative.
The combined group will be led by Neil Woodyer as CEO and the corporate office will be based in Vancouver, Canada. Both Lombardo Paredes, CEO of GCM, and Mike Davies, CFO of GCM, will retire from their roles with GCM. Serafino Iacono will step back from an executive role but will continue as a member of the Board of Directors and an advisor on matters in Colombia.
The combined group will have a balanced mix of production, development, and exploration assets across the Americas with proven and probable mineral reserves of 3.8 million ounces of gold, measured and indicated mineral resources of 18.3 million ounces of gold, inclusive of mineral reserves, and inferred mineral resources of 7.7 million ounces of gold.4
- Segovia Operations (Antioquia, Colombia): a high-grade underground mining district that produced 206,389 ounces of gold in 2021. Operations at Segovia have been ongoing for over 150 years and there is a well-established history of mineral resource and reserve replacement. The Segovia Operations include the purchase of mined material from small-scale miners, which are described in the Segovia Technical Report[5] and represented about 16% of 2021's gold production, as part of an industry-leading Colombian program for the integration of informal small-scale miners into the supply chain, with added environmental, social and security benefits.
- Marmato Mine (Caldas, Colombia): a historic producing underground gold mine currently undergoing a modernization and expansion program, which includes the construction of a new decline, mine workings, 4,000 tpd carbon in pulp processing plant and dry stack tailings facilities. The Pre-Feasibility Study disclosed in the Marmato Technical Report estimates production of 175,000 ounces per year (oz/yr) from the optimized Upper Mine and the Lower Mine expansion project.5
- Toroparu Project (Cuyuni-Mazaruni, Guyana): an advanced stage open pit and underground gold project with estimated average gold production of 225,000 oz/yr over a 24-year mine life, as described in the Preliminary Economic Assessment (PEA) disclosed in the Toroparu Technical Report.6 Located approximately 50 kilometres southwest of the recently constructed Aurora gold mine, Toroparu is one of the largest undeveloped gold projects in the Americas and provides the combined company with a foothold in the emerging and highly prospective Central Guiana Shear Zone.5
- Soto Norte Project (Santander, Colombia): a large-scale feasibility-stage underground gold project undergoing permitting and licensing. In April 2022, Aris Gold became the operator of the Soto Note joint venture and is leading a new and reframed environmental permitting process. The Feasibility Study disclosed in the Soto Norte Technical Report estimates average gold production of 450,000 oz/yr over the steady state production years. Upon exercising its option to increase its joint venture ownership interest from 20% to 50%, the attributable gold production to Aris Gold would be 225,000 oz/yr.5
- Juby Project (Ontario, Canada): an advanced stage gold project with an open pit mineral resource located in the Abitibi greenstone belt.
While the combined company embarks on delivering its growth projects, the Board of Directors of the combined company is expected to initially adopt a no-dividend policy based on the strategic principle that internal cash flow generation is best deployed to advance high-return growth opportunities within the company.
On closing, GCM shareholders and Aris Gold shareholders (taking into consideration the 44.3% of Aris Gold currently held by GCM) are expected to own, on a diluted in-the-money basis, approximately 74% and 26% of the combined group, respectively.
The Arrangement Agreement includes customary transaction protection terms. GCM and Aris Gold have agreed to not solicit any alternative transactions and each party has the right to match any superior competing offer, with a reciprocal Transaction termination fee of US$6 million to be paid in certain circumstances.
The material conditions to completion of the Transaction include:
- Approval by Aris Gold's shareholders, with greater than 66 2/3% approval threshold and approval of disinterested minority shareholders.
- Approval by GCM's shareholders, with greater than 50% approval threshold.
- Receipt of all required governmental and regulatory approvals including TSX and Colombian anti-trust approvals.
- Other customary conditions.
It is anticipated that both the GCM and Aris Gold shareholder meetings will take place in mid September 2022, and completion of the Transaction is expected to occur promptly thereafter.
The Board of Directors of GCM determined it was advisable to establish a special committee of the independent directors of GCM (the GCM Special Committee), comprising Robert Metcalfe, De Lyle Bloomquist, Belinda Labatte and Jaime Perez Branger to, among other things, review and evaluate the merits of the proposed Transaction and to consider such materials and information needed, including an independent fairness opinion, and to make a recommendation to the Board of Directors of GCM in respect of the proposed Transaction.
The GCM Special Committee and the Board of Directors of GCM received a fairness opinion from its co-financial advisors, National Bank Financial Inc. (National Bank) and Stifel Nicolaus Canada (Stifel GMP) that, based upon and subject to the respective assumptions, limitations, qualifications of and other matters set forth in connection with the preparation of such opinion, the Transaction is fair, from a financial point of view, to GCM (the GCM Fairness Opinions).
Following the report and favourable recommendation of the GCM Special Committee, the Board of Directors of GCM (other than certain interested directors) approved the Transaction and determined to recommend approval of the Transaction to the GCM shareholders. In addition, all of the directors and officers of GCM have entered into binding voting support agreements with Aris Gold and GCM under which such individuals have agreed to support the Transaction and vote their GCM shares in favour of the Transaction.
A copy of the GCM Fairness Opinions, the factors considered by the GCM Special Committee and the Board of Directors of GCM and other relevant background information will be included in the management information circular and related documents that are expected to be delivered to the GCM shareholders in connection with a special meeting of GCM shareholders to be called to consider and approve the Transaction, filed with the applicable Canadian securities regulatory authorities and made available on GCM's SEDAR profile at www.sedar.com, and posted on GCM's website at http://www.gcm-mining.com/.
As of today, GCM beneficially owns 60,991,545 Aris Gold shares representing approximately 44.3% of the issued and outstanding Aris Gold shares. GCM is considered a "related party" of Aris Gold and the Transaction is a "business combination" of Aris Gold for the purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (MI 61-101). The Board of Directors of Aris Gold formed a special committee of independent directors comprising of Ian Telfer, Peter Marrone and Daniela Cambone (the Aris Special Committee) to, among other things, review and evaluate the merits of the proposed Transaction and to consider such materials and information needed including an independent fairness opinion and formal valuation, and to make a recommendation to the Board of Directors of Aris Gold in respect of the proposed Transaction.
BMO Nesbitt Burns Inc. (BMO Capital Markets) was retained by the Aris Special Committee to provide, under the supervision of the Aris Special Committee, an independent formal valuation prepared in accordance with MI 61-101 and independent fairness opinion. BMO Capital Markets provided its opinion (the BMO Fairness Opinion) to the Special Committee that, as of July 24, 2022, and subject to the assumptions, limitations and qualifications contained therein, the consideration to be received by the Aris Gold shareholders (other than GCM) pursuant to the proposed Transaction is fair from a financial point of view to the Aris Gold shareholders (other than GCM). BMO Capital Markets also prepared a formal valuation of the Aris Gold common shares (the Aris Gold Valuation) and the GCM common shares (the GCM Valuation), which are being issued as consideration, as required under MI 61-101. BMO Capital Markets concluded that, as of July 24, 2022, and subject to the assumptions, limitations, and qualifications included in the Aris Gold Valuation and GCM Valuation, respectively, that the value of the Aris Gold common shares on an en bloc basis7 was in the range of C$2.30 to C$3.10 per share and the value of the GCM common shares on a trading value basis was in the range of C$3.70 to C$5.75 per share.
Canaccord Genuity Corp. (Canaccord) was retained by the Aris Board of Directors and provided its opinion (the Canaccord Fairness Opinion) to the Aris Board of Directors that, as of July 24, 2022, and subject to the assumptions, limitations and qualifications contained therein, the consideration to be received by the Aris Gold shareholders (other than GCM) pursuant to the proposed Transaction is fair from a financial point of view to the Aris Gold shareholders (other than GCM).
Following the report and favourable recommendation of the Aris Special Committee, the Board of Directors of Aris Gold (other than certain interested directors) approved the Transaction and determined to recommend approval of the Transaction to the Aris Gold shareholders. In addition, all of the directors and officers of Aris Gold have entered into binding voting support agreements with GCM and Aris Gold under which such individuals have agreed to support the Transaction and vote their Aris Gold shares in favour of the Transaction.
A copy of the BMO Fairness Opinion, the Canaccord Fairness Opinion, the Aris Gold Valuation, the GCM Valuation, the factors considered by the Aris Special Committee and Board of Directors of Aris Gold and other relevant background information will be included in the management information circular and related documents that are expected to be delivered to the Aris Gold shareholders in connection with a special meeting of Aris Gold shareholders to be called to consider and approve the Transaction, filed with the applicable Canadian securities regulatory authorities and made available on Aris Gold's SEDAR profile at www.sedar.com, and posted on GCM's website www.arisgold.com.
National Bank Financial and Stifel GMP are acting as co-financial advisors to GCM and each has provided a fairness opinion to the GCM Special Committee and the Board of Directors of GCM.
Wildeboer Dellelce LLP, Proskauer Rose LLP and CLA Consultores S.A.S. are acting as Canadian, US and Colombian legal advisors to GCM, respectively, and the GCM Special Committee has retained Blake, Cassels & Graydon LLP as its independent counsel.
Canaccord is acting as financial advisor to Aris Gold and has provided a fairness opinion to the Board of Directors of Aris Gold. BMO Capital Markets was retained by the Special Committee and has provided a formal valuation and fairness opinion to the Aris Gold Special Committee.
Fasken Martineau DuMoulin LLP and Dentons are acting as Canadian and Colombian legal advisors to Aris Gold, respectively.
Ian Telfer, Serafino Iacono, and Neil Woodyer will host a conference call and webcast today, Monday, July 25, 2022 at 9am EDT/6am PDT.
No passcode is necessary to access the call or webcast.
Conference call
Toll-free US and Canada: 1-800-319-4610
International: +1 604-638-5340
Webcast – link here
A replay of the call will also be available by dialling the following numbers and using passcode 9244:
Toll-free US and Canada: 1-800-319-6413
International: +1 604-638-9010
Technical reports for Marmato, Soto Norte, and Juby have been filed with the Canadian securities regulatory authorities and are available for review on Aris Gold's website at www.arisgold.com and on the profile of Aris Gold Corporation on SEDAR at www.sedar.com. Technical reports for Segovia and Toroparu have been filed with the Canadian securities regulatory authorities and are available for review on GCM's website at www.gcm-mining.com and on the profile of GCM on SEDAR at www.sedar.com. These reports confirm that the qualified persons responsible for the preparation of the technical reports have verified the data disclosed, including drilling, sampling, assaying, and QAQC protocols and results, and are of the opinion that the sample recovery, preparation, analyses, and security protocols used for the mineral resource estimates are reliable for that purpose.
Scientific and technical information concerning Marmato is summarized, derived, or extracted from the Marmato Technical Report entitled "Revised NI 43-101 Technical Report Pre-Feasibility Study Marmato Project Colombia" dated September 18, 2020 with an effective date of March 17, 2020. The Marmato Technical Report was prepared by Ben Parsons, MSc, MAusIMM (CP), Eric J. Olin, MSc Metallurgy, MBA, SME-RM, MAusIMM, Fernando Rodrigues, BS Mining, MBA, MAusIMM, MMSAQP, Jeff Osborn, BEng Mining, MMSAQP, Joanna Poeck, BEng Mining, SME-RM, MMSAQP, Fredy Henriquez, MS Eng, SME, ISRM, Breese Burnley, P.E., Cristian A Pereira Farias, SME-RM, David Hoekstra, BS, PE, NCEES, SME-RM, David Bird, PG, SME-RM, Mark Allan Willow, MSc, CEM, SME-RM, and Tommaso Roberto Raponi, P.Eng, each of whom is independent of the Company within the meaning of NI 43-101 and is a "Qualified Person" as such term is defined in NI 43-101.
Scientific and technical information concerning Soto Norte is summarized, derived, or extracted from the Soto Norte Technical Report entitled "NI 43-101 Technical Report Feasibility Study of the Soto Norte Gold Project, Santander, Colombia", dated March 21, 2022 with an effective date of January 1, 2021. The Soto Norte Technical Report was prepared by Ben Parsons, MSc, MAusIMM (CP), Chris Bray, BEng, MAusIMM (CP), Dr John Willis PhD, BE (MET), MAusIMM (CP), and Dr Henri Sangam, Ph.D., P.Eng., each of whom is independent of the Company within the meaning of NI 43-101 and is a "Qualified Person" as such term is defined in NI 43-101. The report was also prepared by Robert Anderson, P.Eng., a Qualified Person who is considered non-independent of the Company.
Scientific and technical information concerning Segovia is summarized, derived, or extracted from the Segovia Technical Report entitled "NI 43-101 Technical Report, Prefeasibility Study, Segovia Project, Antioquia, Colombia" dated May 6, 2022 with an effective date of December 31, 2021. The Segovia Technical Report was prepared by Ben Parsons, MSc, MAusIMM (CP), Eric Olin, MSc, MBA, MAusIMM, SME-RM, Cristian A. Pereira Farias, SME-RM, David Bird, MSc, PG, SME-RM, Fredy Henriquez, MS Eng, SME, ISRM, Jeff Osborn, BEng Mining, MMSAQP, Fernando Rodrigues, BS Mining, MBA, MAusIMM, MMSAQP, Giovanny Ortiz, BS Geology, FAusIMM, Joshua Sames, PE, BEng Civil, Mark Allan Willow, MSc, CEM, SME-RM, and Jeff Parshley, P.G., each of whom is independent of the Company within the meaning of NI 43-101 and is a "Qualified Person" as such term is defined in NI 43-101.
Scientific and technical information concerning Toroparu is summarized, derived, or extracted from the Toroparu Technical Report entitled "Revised NI 43-101 Technical Report and Preliminary Economic Assessment for the Toroparu Gold Project, Upper Puruni River Region of Western Guyana" dated February 4, 2022 with an effective date of December 1, 2021. The Toroparu Technical Report was prepared by Glen Kuntz, P. Geo., Brian Wissent, P.Eng, Daniel Yang, P.Eng, Ben Peacock, P.Eng, Kurt Boyko, P.Eng, Fernando Rodrigues, MMSAQP, and David Willms, P.Eng, each of whom is independent of the Company within the meaning of NI 43-101 and is a "Qualified Person" as such term is defined in NI 43-101.
Scientific and technical information concerning Juby is summarized, derived, or extracted from the Juby Technical Report entitled "Technical Report on the Updated Mineral Resource Estimate for the Juby Gold Project, Tyrrell Township, Shining Tree Area, Ontario" dated October 5, 2020 with an effective date of July 14, 2020. The Juby Technical Report was prepared by Joe Campbell, B.Sc., P.Geo., Alan Sexton, M.Sc., P.Geo., Duncan Studd, M.Sc., P.Geo. and Allan Armitage, Ph.D., P.Geo., each of whom is independent of the Company within the meaning of NI 43-101 and is a "Qualified Person" as such term is defined in NI 43-101.
The technical information in this news release was reviewed and approved by Pamela De Mark, P.Geo, Vice President Exploration of Aris Gold, who is a Qualified Person as defined by NI 43-101.
GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is the leading high-grade underground gold and silver producer with several mines in operation at its Segovia Operations. Segovia produced 206,389 ounces of gold in 2021. In Guyana, the Company is advancing its fully funded Toroparu Project, one of the largest undeveloped gold/copper projects in the Americas, which is expected to commence production of more than 200,000 ounces of gold annually in 2024. GCM Mining has equity interests in Aris Gold Corporation (~44%; TSX: ARIS; Colombia – Marmato, Soto Norte; Canada - Juby), Denarius Metals Corp. (~32%; TSX-V: DSLV; Spain – Lomero-Poyatos and Colombia – Guia Antigua, Zancudo) and Western Atlas Resources Inc. (~26%; TSX-V: WA: Nunavut – Meadowbank).
Additional information on GCM Mining can be found at www.gcm-mining.com and www.sedar.com.
Mike Davies
Chief Financial Officer
e investorrelations@gcm-mining.com
t + 416.360.4653
Aris Gold is a Canadian mining company listed on the TSX under the symbol ARIS and on the OTCQX under the symbol ALLXF. The Company is led by an executive team with a demonstrated track record of creating value through building globally relevant gold mining companies. In Colombia, Aris Gold operates the 100%-owned Marmato mine, where a modernization and expansion program is under way, and as of April 12, 2022, operates the Soto Norte joint venture, where environmental licensing is advancing to develop a new gold mine. Aris Gold also owns the Juby project, an advanced exploration stage gold project in the Abitibi greenstone belt of Ontario, Canada. Aris Gold plans to pursue acquisition and other growth opportunities to unlock value creation from scale and diversification.
Additional information on Aris Gold can be found at www.arisgold.com and www.sedar.com.
Tyron Breytenbach
Senior Vice President, Capital Markets
Meghan Brown
Vice President, Investor Relations
e info@arisgold.com
t + 778.899.0518
This news release contains "forward-looking information" or forward-looking statements" within the meaning of Canadian securities legislation. All statements included herein are forward-looking, other than statements of historical fact, including without limitation statements relating to: the Transaction; the resulting entity of the Transaction, including its management, board of directors, assets, capitalization, strategy, plans and goals; the benefits of the Transaction; shareholder meetings, conference calls and webcasts in connection with the Transaction. Generally, the forward-looking information and forward looking statements can be identified by the use of forward looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", "will continue" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Statements concerning mineral resource estimates may also be deemed to constitute forward looking information to the extent that they involve estimates of the mineralization that will be encountered. The material factors or assumptions used to develop forward looking information or statements are disclosed throughout this news release.
Forward looking information and forward looking statements, while based on management's best estimates and assumptions, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of GCM, Aris Gold and the resulting entity to be materially different from those expressed or implied by such forward-looking information or forward looking statements, including but not limited to: the completion and the timing of the Transaction; the ability of GCM and Aris Gold to receive, in a timely manner, the necessary regulatory, court, securityholder, stock exchange and other third-party approvals; the ability of GCM and Aris Gold to satisfy, in a timely manner, the other conditions to the closing of the Transaction; interloper risk; the ability to complete the Transaction on the terms contemplated by the arrangement agreement between GCM and Aris Gold and other agreements, including the voting support agreements, or at all; failure to achieve and sustain mine-building, operating and financial capacity; the ability of the combined group to realize the anticipated benefits of, and synergies from, the Transaction and the timing thereof; the timing of the commencement and completion of construction activities, first production and sales, if at all; the impacts of a changing risk profile and possible subjection to a credit rating review, which may result in a downgrade or negative outlook being assigned to the combined group or a portion thereof; the combined group's dividend policy; the potential exposure to political, economic or social instability related to the combined group's international operations; the consequences of not completing the Transaction, including the volatility of the share prices of GCM and Aris Gold, negative reactions from the investment community and the required payment of certain costs related to the Transaction; actions taken by government entities or others seeking to prevent or alter the terms of the Transaction; potential undisclosed liabilities unidentified during the due diligence process; the accuracy of the pro forma financial information of the combined group after the Transaction; the interpretation of the Transaction by tax authorities; the success of business integration; the focus of management's time and attention on the Transaction and other disruptions arising from the Transaction; the ability of the Aris Gold management team to successfully integrate with the current operations, risks related to international operations; risks related to general economic conditions; uncertainties relating to operations during the COVID-19 pandemic; actual results of current exploration activities; availability of quality assets that will add scale, diversification and complement the resulting entity's growth trajectory; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; the ability to convert mineral resources to mineral reserves; fluctuations in foreign currency exchange rates; increases in market prices of mining consumables; risks associated with holding derivative instruments (such as credit risks, market liquidity risk and mark-to-market risk); possible variations in mineral reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; changes in national and local government legislation, taxation, controls, regulations, and political or economic developments in Canada, Colombia or Guyana; risks of the mining industry including, without limitation, accidents, operations, labour disputes, title disputes, claims and limitations on insurance coverage; delays in obtaining governmental approvals including obtaining required environmental and other licenses; the completion of development or construction activities; and those factors discussed in the section entitled "Risk Factors" in GCM's most recent AIF available on SEDAR at www.sedar.com and in the section entitled "Risk Factors" in Aris Gold's most recent AIF available on SEDAR at www.sedar.com.
Although GCM and Aris Gold have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information or statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information or statements. Each of GCM and Aris Gold has and continues to disclose in its Management's Discussion and Analysis and other publicly filed documents, changes to material factors or assumptions underlying the forward-looking information and forward-looking statements and to the validity of the information, in the period the changes occur. The forward-looking statements and forward-looking information are made as of the date hereof and each of GCM and Aris Gold disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements or forward-looking information contained herein to reflect future results. Accordingly, readers should not place undue reliance on forward-looking statements and information.
Although information provided by GCM for inclusion in this news release is believed by Aris Gold to be reliable, Aris Gold has not independently verified such information and cannot provide any assurance of its accuracy, currency, reliability or completeness. Although information provided by Aris Gold for inclusion in this news release is believed by GCM to be reliable, GCM has not independently verified such information and cannot provide any assurance of its accuracy, currency, reliability or completeness.
This announcement does not constitute an offer of securities for sale in the United States, nor may any securities referred to herein be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933 as amended (the "Securities Act") and the rules and regulations thereunder. The securities referred to herein have not been registered pursuant to the Securities Act and there is no intention to register any of the securities in the United States or to conduct a public offering of securities in the United States.
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SOURCE Aris Gold Corporation | https://www.wbrc.com/prnewswire/2022/07/25/aris-gold-gcm-mining-combine-create-leading-americas-gold-producer/ | 2022-07-25T11:46:17Z | https://www.wbrc.com/prnewswire/2022/07/25/aris-gold-gcm-mining-combine-create-leading-americas-gold-producer/ | true |
Like it or not, we live in a globalized economy. How you define or measure globalization can vary, but it tends to just mean greater financial integration among countries, as well as more political cooperation, immigration and trade of goods and services. In all these domains, globalization has been on the rise until recently.
Some economists, pundits and politicians are arguing that globalization has peaked and will now start to reverse. Niall Ferguson sees this period of globalization, thanks to the pandemic, fading away with a whimper. Harvard economist Dani Rodrick is announcing the end of neoliberalism.
But globalization isn’t a phase; it’s a force that can’t be stopped.
There was a concerted push toward more global integration throughout the era following World War II. As the war ended, the global community created several large institutions (the World Bank, the International Monetary Fund, the United Nations and the like) to facilitate more cooperation and trade and avoid the mistakes of the past. But globalization really took off after the fall of the Berlin Wall.
The end of the Cold War, improving technology that facilitated trade (especially of services and information) and an intellectual environment, such as the Washington Consensus, favored all things global. Countries dropped tariffs and more capital and goods moved across borders than ever before. You can see this in the KOF index of globalization, which includes various measures of economic and political integration.
But if you look closely at the index, there is a slowdown in the pace of globalization during the last decade. It peaked in 2008 if you measure it as trade as a percent of GDP.
The last few years caused us to question the value of globalization. It delivered on many of its promises; more than a billion people no longer live in poverty. Goods and services are much cheaper, and diversification has made the economy less risky. But there were also problems. Bringing billions of lower-paid workers into the global market very quickly displaced many people in richer countries from their jobs and worsened inequality within countries. Dollarization meant some developing countries faced currency volatility as foreign investors pulled their money out at the first sign of trouble.
No surprise, then, that there has been a backlash against globalization accompanied by policies to slow or even reverse it. The pandemic, which led to shortages when trade slowed, only added to the disenchantment with globally integrated supply chains. Both political parties are pushing for industrial policies that subsidize more domestic manufacturing of certain goods. There are more tariffs on some goods and restrictions on capital. The IMF, once globalization’s biggest champion, now endorses capital controls.
The outlook appears even more dire. China’s once unstoppable economy — a big force in globalization’s rise — is not looking so good. The world may not be able to count on China for cheap and plentiful goods anymore. Meanwhile, a rising dollar and interest rates will put pressure on emerging markets, which will make them even more skeptical of global markets.
Nothing lasts forever. Human progress stumbles and can stall. But globalization is not going anywhere. First, it’s way too hard to unwind many of these relationships. We are all in bed together, assets and commodities are still priced in dollars and foreigners still own lot of US debt. Manufacturing depends on intermediate goods made all over the world that are not only cheaper, but made with skills we don’t have anymore. America’s recent attempt to re-shore semiconductor manufacturing illustrates why industrial policy is much harder than it looks and is not a good solution to structural job loss.
Second, the benefits from globalization are too good to walk away from. Many people no longer live in poverty and the world has become accustomed to cheaper stuff. We are seeing how disruptive and painful the return of inflation has been both economically and politically. Deglobalization would make inflation much worse, and no one wants that. It turns out politicians are quite flexible on their policy views (see phasing out fossil fuels) if it can deliver cheaper prices. Big talk on a retreat from globalization may be the next populist position to fall.
The economic and political trends that threaten globalization need not be so ominous. Ken Moelis, founder and chief executive officer of Moelis & Co., is concerned there will be a pullback on globalization because the war in Ukraine exposed how vulnerable we are to foreign countries. But that only shows how risky it is to depend on any one country, including your own.
Going forward, countries need more diversification when it comes to where they get their goods and commodities, not less. We may not be able to depend on China with its aging population and uncertain economic future, but more production may come from younger countries on the African continent, who still can benefit from more economic integration.
Globalization is far from perfect, but on balance it does make our lives better. New tariffs and industrial policies will take us a few steps back toward protectionism, but more trade can relieve pricing pressure and maintain the momentum toward more integration. The tone of discourse about globalization may have changed, but the genie is out of the bottle and won’t be contained.
More From Other Writers at Bloomberg Opinion:
•
Inflation Rages Because Globalization Is Fading: Stephen Mihm
•
The US Can’t Beat China If It Is Scared of Trade: Mihir Sharma
•
Globalization Isn’t Dead, It’s Just More Global Now: Wang Huiyao
This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.
Allison Schrager is a Bloomberg Opinion columnist covering economics. A senior fellow at the Manhattan Institute, she is author of “An Economist Walks Into a Brothel: And Other Unexpected Places to Understand Risk.”
More stories like this are available on bloomberg.com/opinion
©2022 Bloomberg L.P. | https://www.washingtonpost.com/business/globalization-is-just-getting-started/2022/07/25/bd1b4d30-0c09-11ed-88e8-c58dc3dbaee2_story.html | 2022-07-25T11:48:29Z | https://www.washingtonpost.com/business/globalization-is-just-getting-started/2022/07/25/bd1b4d30-0c09-11ed-88e8-c58dc3dbaee2_story.html | true |
*Caution: Spoilers ahead!
After having to push the live eviction show back from its regular time on Thursday to a super-sized Sunday show, Big Brother made sure its two-hour special episode was jam-packed with big twists, surprising developments and a painfully one-sided eviction.
So, who wound up getting sent packing? Scroll down for the big reveal. Otherwise, here's how everything played out during Sunday's live show.
This season has been filled with weird drama and unexpected moves since day one, after the house seemed to turn on Taylor Hale immediately, largely due to the machinations of Paloma Aguilar.
Eventually, Taylor ended up on the chopping block alongside Terrance Higgins, and on the day of reckoning, with almost the entire house chomping at the bit to kick Taylor out -- the houseguests learned some shocking news: Paloma had decided to self-evict for personal reasons.
This threw a monkey wrench in one of the big twits that Big Brother had planned, and effectively served as a "get out of jail free" card for Taylor, and to a lesser extent Terrance.
After that fiasco, the houseguests competed in a Head Of Household Competition, which Jasmine Davis ended up winning and therefore became the HOH.
When it came time to put some people up on the chopping block, Jasmine stuck with Taylor. Then, in a move of incredible hubris, Joe "Pooch" Pucciarelli volunteered to be a pawn, because he was sure he was solid with everyone in the house, and could easily help get Taylor out.
There's a well-known rule in the Big Brother house: never volunteer to be the pawn, because the pawn goes home.
This old adage proved to be true yet again, and the show made no mystery of it at all. Before it came time to vote, nearly everyone had confessed in the diary room that Pooch was the only logical choice to go. And through it all, Pooch was blissfully unaware of his impending doom
At the vote, Pooch delivered the first appeal speech of the season and seemingly got tearful telling the other houseguests how much he liked them and wanted to stay around. Unfortunately, it was to no avail.
Taylor -- backed by a few different groups and loosely defined alliances -- wasn't worried, but still gave her appeal speech some heart. It ended up not really mattering because as everyone -- except Pooch -- knew going in, she wasn't gonna be sent home.
The eventual vote ended in the kind of landslide that almost makes you feel bad as a viewer -- 12-0 in favor of kicking Pooch out of the house. And the vote came as a real shock to Pooch, who still took it in stride.
After bidding farewell to his former fellow houseguests, Pooch exited the house and sat with host Julie Chen Moonves for his exit interview, and admitted he found it "shocking that they were all on the same page."
When asked why he volunteered to be a pawn in the vote, Pooch said he thought it was "an opportunity" to gain favor with some of the other houseguests and that his strong social game and physical prowess would help keep him in the house.
"I really had no idea," Pooch said, still stunned. "Especially 12-0."
With Pooch out of the house, and the number of houseguests now at 14, Julie called all the remaining contestants back into the conference room to drop the night's biggest bombshell -- a "game-changing" twist that truly, inarguably, alters the game and everyone's plans in a big way: The Bestie Twist.
For the rest of the season, the houseguests will be partnered up in pairs -- a dynamic that already alters the very nature of most alliances. However, that's just the beginning. Whoever wins HOH, their bestie is automatically safe for that week. Additionally, instead of nominating any two houseguests, the HOH has to nominate one pair of besties. However, only one of the two besties will be sent home, leaving the other playing solo. Additionally, the pairs will compete together in future Veto Competitions.
Needless to say, this threw the houseguests for a loop. And the first HOH comp -- which was just an elaborate game of musical chairs, essentially -- came too quickly to even process what it all meant.
With Jasmine having been the last HOH, she was ineligible to compete. The first houseguest who got out in the game of musical chairs could either opt to be Jasmine's bestie or sit at an empty table, where someone else who went out could choose to be their bestie, and so on.
Through a long game of musical chairs, everyone ended up paired and it was Matthew "Turner" Turner who came out victorious!
Fans got a chance to see Turner break down in tears over the messages he got from his loved ones in the lavish HOH room, and saw how the alliances and friendships began to strain under the unexpected pressure of the bestie twist.
And, before Sunday's special came to an end, fans got the chance to see who, exactly, would be on the block next when Turner revealed his bestie nominees for eviction: Michael Bruner -- who has already won two Veto competitions already -- and Brittany Hoopes.
Fans will get to see if Michael can pull off a Vero Comp hat trick when Big Brother returns on Wednesday at 8 p.m. ET/PT on CBS.
RELATED CONTENT: | https://www.wfaa.com/article/entertainment/entertainment-tonight/big-brother-season-24-1st-eviction-vote-ends-in-a-landslide-before-truly-game-changing-twist-is-introduced/603-8f93f49e-2d5c-4d85-be88-5105d5af48ed | 2022-07-25T11:52:38Z | https://www.wfaa.com/article/entertainment/entertainment-tonight/big-brother-season-24-1st-eviction-vote-ends-in-a-landslide-before-truly-game-changing-twist-is-introduced/603-8f93f49e-2d5c-4d85-be88-5105d5af48ed | true |
Nationwide ups triple-access savings rate for the SECOND time this month: There are only three deals that beat it - but here's how you can do even better
- Rate on its one-year triple access online saver has rise from 1.4% to 1.5%
- Savers earning 1.4% will benefit automatically, but savers on earlier issues won't
- Nationwide also launched new issue of 1-year triple access Isa deal paying 1.35%
Products featured in this article are independently selected by This is Money's specialist journalists. If you open an account using links which have an asterisk, This is Money will earn an affiliate commission. We do not allow this to affect our editorial independence.
Nationwide Building Society has boosted the rate on its one-year triple access savings account from 1.4 per cent to 1.5 per cent.
It's the second time this month that Britain's biggest mutual has upped the interest rate on the same deal and a 1.05 percentage point rise on what it was paying to savers in February.
The 'easy-access' savings deal is only beaten by three other providers, Al Rayan Bank (1.6 per cent), Shawbrook Bank (1.52 per cent) and Virgin Money (1.56 per cent).
Amongst the best: Nationwide's new issue of its 1 Year Triple Access Online Saver is paying a highly competitive 1.5%.
Someone stashing £10,000 in the account would secure a return of £150 in interest after one year - although Nationwide can change the rate.
Savers who opened the account with the previous rate of 1.4 per cent will automatically be moved up to 1.5 per cent.
However, those who were opened the account before then, under a previous issue, will continue earning a far lower rate.
Therefore, those savers will need to withdraw their funds from the old issue and open the new issue in order to benefit.
The account also does have some restrictions that all savers need to be aware of.
First, the account allows three withdrawals during the 12-month term and any subsequent withdrawals will revert the interest rate to 0.15 per cent for the remainder of the period.
Second, after 12 months, the account automatically switches to one of Nationwide's instant access accounts which currently pay no more than 0.2 per cent, meaning savers would be wise to switch once the first year is up.
On top of its triple access deal, Nationwide has also upped its cash Isa version of the account - for those looking to avoid paying tax on the interest they earn.
However, this is a new issue and therefore all savers who currently hold this deal with a lower rate will need to move their cash in order to benefit.
Nationwide's one year triple access Isa deal now pays 1.35 per cent. This is once again only beaten by three providers - Cynergy Bank and Shawbrook Bank are paying 1.4 per cent, whilst Newcastle Building Society is the current market leader paying 1.5 per cent.
How does Nationwide's Triple Access deal compare?
Easy-access savers can do slightly better by opting for Al Rayan Bank's 1.6 per cent deal or Shawbrook Bank 1.52 per cent deal.
Virgin Money is also paying 1.56 per cent on its linked savings accounts - albeit only on balances up to £25,000.
One other route that enables savers to leapfrog this deal is to use the savings platform, Raisin UK.
It is currently offering a promotional offer exclusively via This is Money that would make it home to the most lucrative deal.
It offers savers the chance to boost their savings by £25 when they open and fund an account on its marketplace with a minimum of £10,000.
Its best easy-access deal offered via Hoist Savings pays 1.5 per cent.* Deposit £10,000 via the link and receive the £25 bonus and you effectively earn 1.75 per cent for the first year.
All of Raisin's partner banks are fully regulated in the UK and in the event that Raisin ceases trading, your deposits, would be protected by the FSCS up to £85,000 per person, per banking group, or up to a similar amount through the equivalent European deposit guarantee scheme.
THIS IS MONEY'S FIVE OF THE BEST SAVINGS DEALS
Al Rayan bank pays 1.6% on its easy-access savings account. It can be opened online with £5,000. This rate is the 'expected profit rate' under Sharia compliant accounts.
Zopa Bank pays 1.5% to holders of its ‘Smart Saver account’. The account can be opened with just £1. Savers can boost their rate on its platform up to 1.85% by locking their money away for longer.
Gatehouse Bank* pays a rate of 2.75% on its one-year fixed rate savings account. You can open an account via the savings platform Raisin UK and get a £25 bonus when you sign up and deposit £10,000 via this link.*
Cynergy bank pays 3.08% on its two-year fixed rate savings account. It can be opened online with £10,000.
Newcastle Building Society pays a tax-free 1.5% interest on its Easy-Access cash Isa. You are restricted to three withdrawals a year. If you make more, you earn a lower rate. You can transfer your existing cash Isas into this account.
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- Financial calculators | https://www.dailymail.co.uk/money/saving/article-11045963/Best-savings-rates-Nationwide-ups-triple-access-deal-again.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-07-25T11:53:41Z | https://www.dailymail.co.uk/money/saving/article-11045963/Best-savings-rates-Nationwide-ups-triple-access-deal-again.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false |
Company continues to lead the dental laser industry with 302 issued and 31 pending patents
LAKE FOREST, Calif., July 25, 2022 /PRNewswire/ -- BIOLASE, Inc. (NASDAQ: BIOL), the global leader in dental lasers, announced today that the company has received five new United States patents and seven new foreign patents in the last 12 months.
In June, the company received notice from the Korean Intellectual Property Office of the Decision to Grant, "KR #2412063 titled Pre-Initiated Optical Fibers for Medical Applications," an important addition to BIOLASE's Korean IP portfolio. Also, the Canadian Intellectual Property Office (CIPO) granted, #2,935,691 titled Dual Wavelength Laser Treatment Device.
Two additional recent patents are US #11,250,941 titled Dental Laser Interface System and Method issued on Feb. 15, 2022, issued in the U.S. and BR112015008998-4, Handpiece Assembly for Laser Treatment Device issued in Brazil on Feb. 8, 2022.
BIOLASE maintains an industry-leading portfolio of intellectual property ("IP") with 302 issued and 31 pending applications.
"BIOLASE's proprietary laser products represent decades of innovative research and incorporate many patented and patent-pending technologies specifically designed and tested to provide biologically and clinically superior performance with a more comfortable patient experience and faster recovery times," commented BIOLASE Vice President of Innovation and Business Development, William Brown, Jr.
"The new patents are all related to the flagship Waterlase laser systems and market-leading Epic diode technologies, and expand the protection of BIOLASE's key IP well into the future," said John Beaver, President and Chief Executive Officer of BIOLASE.
BIOLASE is a medical device company that develops, manufactures, markets, and sells laser systems in dentistry and medicine. BIOLASE's products advance the practice of dentistry and medicine for patients and healthcare professionals. BIOLASE's innovative products provide cutting-edge technology at competitive prices to deliver superior results for dentists and patients. BIOLASE's principal products are revolutionary dental laser systems that perform a broad range of dental procedures, including cosmetic and complex surgical applications. BIOLASE has sold over 43,300 laser systems to date in over 80 countries around the world. Laser products under development address BIOLASE's core dental market and other adjacent medical and consumer applications.
For updates and information on Waterlase iPlus®, Waterlase Express™, and laser dentistry, find BIOLASE online at www.biolase.com, Facebook at www.facebook.com/biolase, Twitter at www.twitter.com/biolaseinc, Instagram at www.instagram.com/waterlase_laserdentistry, and LinkedIn at www.linkedin.com/company/biolase.
BIOLASE®, Waterlase® and Waterlase iPlus® are registered trademarks of BIOLASE, Inc.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements, as that term is defined in the Private Litigation Reform Act of 1995, that involve significant risks and uncertainties. Forward-looking statements can be identified through the use of words such as may," "might," "will," "intend," "should," "could," "can," "would," "continue," "expect," "believe," "anticipate," "estimate," "predict," "outlook," "potential," "plan," "seek," and similar expressions and variations or the negatives of these terms or other comparable terminology. Readers are cautioned not to place undue reliance on these forward-looking statements, which reflect BIOLASE's current expectations and speak only as of the date of this release. Actual results may differ materially from BIOLASE's current expectations depending upon a number of factors. These factors include, among others, those risks and uncertainties that are described in the "Risk Factors" section of BIOLASE's annual report filed on Form 10-K filed with the Securities and Exchange Commission. Except as required by law, BIOLASE does not undertake any responsibility to revise or update any forward-looking statements.
For further information, please contact:
EVC Group LLC
Michael Polyviou / Todd Kehrli
(732) 933-2754
mpolyviou@evcgroup.com / tkehrli@evcgroup.com
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SOURCE BIOLASE, Inc. | https://www.kalb.com/prnewswire/2022/07/25/biolase-expands-intellectual-property-portfolio-with-new-united-states-foreign-patents/ | 2022-07-25T11:53:47Z | https://www.kalb.com/prnewswire/2022/07/25/biolase-expands-intellectual-property-portfolio-with-new-united-states-foreign-patents/ | false |
DALLAS, July 25, 2022 /PRNewswire/ -- CECO Environmental Corp. (Nasdaq: CECE), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment and industrial equipment, today announced it will report its second quarter 2022 results on Monday, Aug. 8, 2022, premarket. The company will also host an earnings conference call starting at 8:30 a.m. Eastern Time (7:30 a.m. CT).
The Company's financial results will be posted on its website at http://www.cecoenviro.com. Please visit the Investor Relations portion of the website to listen to the call via webcast. The conference call may also be accessed by dialing 888-346-4547 (Toll-Free) within the U.S., or +1-412-317-5251 (Toll-Required) outside the U.S.
A replay of the conference call will be available on the Company's website for seven days. The replay may be accessed by dialing 877-344-7529 (Toll-Free) within the U.S., or +1-412-317-0088 (Toll-Required) outside the U.S. and entering access code 6087150.
CECO Environmental is a leading environmentally focused, diversified industrial company, serving a broad landscape of industrial air, industrial water and energy transition markets across the globe through its key business segments: Engineered Systems and Industrial Process Solutions. Providing innovative technology and application expertise, CECO helps companies grow their business with safe, clean, and more efficient solutions that help protect people, the environment and industrial equipment. In regions around the world, CECO works to improve air quality, optimize the energy value chain, and provide custom solutions for applications including power generation, petrochemical processing, general industrial, refining, midstream oil and gas, electric vehicle production, polysilicon fabrication, battery recycling, beverage can, and water/wastewater treatment along with a wide range of other applications. CECO is listed on Nasdaq under the ticker symbol "CECE." Incorporated in 1966, CECO's global headquarters is in Dallas, Texas. For more information, please visit www.cecoenviro.com.
Matthew Eckl
Chief Financial Officer
888-990-6670
Steven Hooser or Gary Guyton
Three Part Advisors
214-872-2710
Investor.Relations@OneCECO.com
Kimberly Plaskett
Corporate Communications Director
kplaskett@OneCECO.com
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SOURCE CECO Environmental Corp. | https://www.kold.com/prnewswire/2022/07/25/ceco-environmental-release-second-quarter-2022-earnings-host-conference-call-august-8/ | 2022-07-25T11:54:36Z | https://www.kold.com/prnewswire/2022/07/25/ceco-environmental-release-second-quarter-2022-earnings-host-conference-call-august-8/ | true |
PRINCETON, N.J., July 25, 2022 /PRNewswire/ -- CytoSorbents Corporation (NASDAQ: CTSO), a leader in the treatment of life-threatening conditions in the intensive care unit and cardiac surgery using blood purification, will report second quarter 2022 operating and financial results after the market close on August 2nd, 2022. CytoSorbents' management will host a live conference call and presentation webcast at 4:30 p.m. Eastern the same day.
Conference call details:
Date: Tuesday, August 2, 2022
Time: 4:30 p.m. Eastern
Toll free: 1-877-451-6152
International: 1-201-389-0879
Conference ID: 13731826
The live audio webcast and presentation can be accessed via the following link: https://viavid.webcasts.com/starthere.jsp?ei=1561029&tp_key=ddc6a4af76
It is recommended that participants dial in approximately 10 minutes prior to the start of the call. An archived recording of the conference call will be available under the Investor Relations portion of the company's website at https://cytosorbents.com/investor-relations/financial-results/.
CytoSorbents Corporation is a leader in the treatment of life-threatening conditions in intensive care and cardiac surgery using blood purification. Its flagship product, CytoSorb®, is approved in the European Union with distribution in more than 70 countries around the world as an extracorporeal cytokine adsorber designed to reduce the "cytokine storm" or "cytokine release syndrome" seen in common critical illnesses that may result in massive inflammation, organ failure and patient death. These are conditions where the risk of death can be extremely high, yet few to no effective treatments exist. CytoSorb is also being used during and after cardiothoracic surgery to remove inflammatory mediators that can lead to post-operative complications, including multiple organ failure. More than 170,000 cumulative CytoSorb devices have been utilized as of March 31, 2022. CytoSorb was originally introduced into the European Union under CE-Mark as a first-in-kind cytokine adsorber. Additional CE-Mark label expansions were received for the removal of bilirubin and myoglobin in clinical conditions such as liver disease and trauma, respectively, and both ticagrelor and rivaroxaban during cardiothoracic surgery. CytoSorb has also received FDA Emergency Use Authorization in the United States for use in adult critically ill COVID-19 patients with imminent or confirmed respiratory failure. The DrugSorb™-ATR Antithrombotic Removal System, which is based on the same polymer technology as CytoSorb, has also been granted FDA Breakthrough Designation for the removal of ticagrelor, as well as FDA Breakthrough Designation for the removal of the direct oral anticoagulant (DOAC) drugs, apixaban and rivaroxaban, in a cardiopulmonary bypass circuit during urgent cardiothoracic surgery. The Company has initiated two FDA approved pivotal trials designed to support U.S. marketing approval of DrugSorb-ATR. The first is the 120-patient, 30 center STAR-T (Safe and Timely Antithrombotic Removal-Ticagrelor) randomized, controlled trial evaluating the ability of intraoperative DrugSorb-ATR use to reduce perioperative bleeding risk in patients on ticagrelor undergoing cardiothoracic surgery. The second is the 120-patient, 30 center STAR‑D (Safe and Timely Antithrombotic Removal-Direct Oral Anticoagulants) randomized, controlled trial, evaluating the intraoperative use of DrugSorb–ATR to reduce perioperative bleeding risk in patients undergoing cardiothoracic surgery on direct oral anticoagulants, including apixaban and rivaroxaban.
CytoSorbents' purification technologies are based on biocompatible, highly porous polymer beads that can actively remove toxic substances from blood and other bodily fluids by pore capture and surface adsorption. Its technologies have received non-dilutive grant, contract, and other funding of more than $39.5 million from DARPA, the U.S. Department of Health and Human Services (HHS), the National Institutes of Health (NIH), National Heart, Lung, and Blood Institute (NHLBI), the U.S. Army, the U.S. Air Force, U.S. Special Operations Command (SOCOM), Air Force Material Command (USAF/AFMC), and others. The Company has numerous marketed products and products under development based upon this unique blood purification technology protected by many issued U.S. and international patents and registered trademarks, and multiple patent applications pending, including ECOS-300CY®, CytoSorb-XL™, HemoDefend-RBC™, HemoDefend-BGA™, VetResQ®, K+ontrol™, DrugSorb™, DrugSorb™-ATR, ContrastSorb, and others. For more information, please visit the Company's websites at www.cytosorbents.com and www.cytosorb.com or follow us on Facebook and Twitter.
This press release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, future targets and outlooks for our business, expectations regarding the future impacts of COVID-19 or the ongoing conflict between Russia and the Ukraine, representations and contentions and are not historical facts and typically are identified by use of terms such as "may," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements in this press release represent management's current judgment and expectations, but our actual results, events and performance could differ materially from those in the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, the risks discussed in our Annual Report on Form 10-K, filed with the SEC on March 10, 2022, as updated by the risks reported in our Quarterly Reports on Form 10-Q, and in the press releases and other communications to shareholders issued by us from time to time which attempt to advise interested parties of the risks and factors which may affect our business. We caution you not to place undue reliance upon any such forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, other than as required under the Federal securities laws.
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U.S. Company Contact:
Amy Vogel
305 College Road East
Princeton, NJ 08540
+1 (732) 329-8885
avogel@cytosorbents.com
U.S. Public Relations Contact:
Eric Kim
Rubenstein Public Relations
212-805-3052
ekim@rubensteinpr.com
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SOURCE CytoSorbents Corporation | https://www.wcjb.com/prnewswire/2022/07/25/cytosorbents-report-second-quarter-2022-operating-financial-results/ | 2022-07-25T11:55:26Z | https://www.wcjb.com/prnewswire/2022/07/25/cytosorbents-report-second-quarter-2022-operating-financial-results/ | true |
Eurovision 2023 to be held in UK on behalf of Ukraine - and search for host city has begun
Ukraine's Kalush Orchestra won this year's Eurovision Song Contest, but safety fears in the country due to the Russian invasion have led organisers to seek an alternative host.
Monday 25 July 2022 12:55, UK
Next year's Eurovision Song Contest will be held in the UK, the European Broadcasting Union and the BBC have confirmed.
Ukraine's entry - Kalush Orchestra - won the competition this year with their song Stephania, and would normally host the event the following year, however the Russian invasion of their country presents too great a safety risk.
The UK was the runner up this year, and as such has been invited to act as a host for the 67th Eurovision Song Contest. It is still being decided in which city the event will be held.
A statement from BBC director general Tim Davie posted on Twitter read: "It is a matter of great regret that our colleagues and friends in Ukraine are not able to host the 2023 Eurovision Song Contest. Being asked to host the largest and most complex music competition in the world is a great privilege.
"The BBC is committed to making the event a true reflection of Ukrainian culture alongside showcasing the diversity of British music and creativity.
"The BBC will now begin the process to find a Host City to partner with us on delivering one of the most exciting events to come to the UK in 2023."
The BBC is the national broadcaster of the event in the UK.
After the Ukraine's victory, the European Broadcasting Union (EBU) announced that, following a "full assessment and feasibility study", it had concluded the "security and operational guarantees" required to host the event could not be fulfilled by Ukraine's public broadcaster UA:PBC.
Eurovision's organisers went on to say the risk of Russian air raids and mass casualties was too high for Ukraine to host the competition in 2023.
Following the announcement, Culture Secretary Nadine Dorries tweeted a bespoke Eurovision logo showing the Ukrainian flag and the British flag side by side inside a heart, with the message: "This is Ukraine's Eurovision and it's an absolute privilege and honour for the UK to be supporting our friends".
In a minute long video which she also shared online, she said: "The Eurovision Song Contest unites people through the power of music and creativity.
"Following a request from the European Broadcasting Union and the Ukrainian authorities, I'm delighted that the BBC has agreed to step in and host next year's contest.
"I'm just sorry that, due to Russia's continued acts of bloodshed, it has not been possible to host the event in Ukraine, where it should be.
"As hosts, the UK will honour the competition's spirit and diversity, and, most importantly, ensure it reflects Ukraine's recent Eurovision victory and Ukrainian creativity."
TikTok star Sam Ryder was this year's runner up with his track Space Man - a vast improvement on the UK's disappointing 2022 score of nil points.
As the world's largest live music event, the Eurovision Song Contest has a global audience of around 220 million people. | https://news.sky.com/story/eurovision-2023-to-be-held-in-uk-on-behalf-of-ukraine-and-search-for-host-city-has-begun-12658881 | 2022-07-25T11:57:06Z | https://news.sky.com/story/eurovision-2023-to-be-held-in-uk-on-behalf-of-ukraine-and-search-for-host-city-has-begun-12658881 | false |
‘Wicked’ predator jailed for life for murdering woman in shipping container
Neculai Paizan, 64, was given a minimum term of 22 years for the murder of vulnerable 20-year-old Agnes Dora Akom.
A “wicked” predator who battered a vulnerable young woman to death in a converted shipping container and buried her body in woods has been jailed for life.
Romanian Neculai Paizan, 64, was found guilty of murdering Agnes Dora Akom, 20, in north-west London following a trial at the Old Bailey.
Following the verdict, Ms Akom’s family accused him of “dragging her through the mud” in death as a result of his lies about her, in which he falsely claimed she was a sex worker and that she had poisoned him with iced coffee.
On Monday, Judge Richard Marks QC said Paizan had shown no remorse as he jailed him for life with a minimum term of 22 years.
Judge Marks told him: “It is clear on your lengthy evidence that you remain in a complete state of denial as to what you did in that frenzy of violence that took away that young girl’s life at the age of 20.
“These were shocking acts of wickedness on your part.”
The judge praised the Metropolitan Police investigators for their “exceptional” work in bringing Paizan to justice.
On Paizan’s possible motive, Judge Marks suggested he launched into the violent assault after she told him: “Don’t touch me.”
The court had heard how Paizan hit his petite victim at least 20 times over the head with a jigsaw power tool during the brutal assault in Brent, north-west London, on May 9 last year.
Afterwards, he was captured on CCTV calmly washing his hands and face before bundling her body into the boot of his car inside a bag.
The next day, he transported her to Neasden Recreation Ground where he used a wheelie bin to transport her to woodland where he buried her beneath a pile of logs and branches.
Over the coming days, Paizan visited the park where he had hidden the body five times while telling his son he wanted to go back to Romania.
Ms Akom, a coffin-maker from Hungary, was reported missing by her concerned boyfriend, with whom she lived in Cricklewood.
With her head in a black plastic bag, her badly decomposed body was discovered by police sniffer dogs on June 14 last year, a week before her 21st birthday.
The police investigation led officers to Ms Akom’s last known location, Paizan’s rented container.
An examination of the container revealed heavy blood stains matched to the victim despite “vigorous attempts” to clean it up.
Ms Akom’s blood was also found in the defendant’s car.
Her clothes had been bagged and discarded in a skip along with the blood-stained jigsaw with Ms Akom’s hairs stuck to it.
Initially, Paizan told police he had killed Ms Akom in “self-defence” but went on to to give a different story in his evidence to jurors during his trial.
Paizan, a concrete mixer driver, admitted moving the body but denied murdering the young woman he knew as Dora, falsely claiming she poisoned him with iced coffee.
He described how he came to love her “like a daughter” after finding her begging for small change in a supermarket car park.
However, the evidence suggested that he had preyed on her vulnerability and targeted her with the promise of money.
They met 54 times over the 12 months before the murder, and jurors were shown photographs Paizan took of Ms Akom semi-naked, the court heard.
In a victim impact statement, Ms Akom’s mother described how her daughter and her boyfriend Peter Lenart had moved to Britain from Hungary for a “new life”.
Reading her statement, prosecutor Jake Hallam QC said the young couple’s hopes had been “thoroughly extinguished through the actions of this defendant”.
Ms Akom’s mother said Paizan had dragged her daughter’s name “through the mud after her death” and “presented himself as a victim” to the jury.
She added: “But he is the one who is a liar.”
In his statement, Mr Lenart outlined the problems the couple had in Britain due to their youth and “lack of money”.
He too described Paizan’s lies to the jury as compounding his grief, saying: “I have had to hear Paizan say Agnes slept with 15 or 20 people a day – these are really hurtful comments. She did not do these things. She was not a prostitute.
“She was my love, my partner and my best friend. He preyed on her vulnerabilities and knew it.”
The court heard in mitigation that Paizan had been attacked in prison three times due to the nature of his crime and was likely to die behind bars.
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Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today. | https://www.independent.co.uk/news/uk/crime/met-police-london-hungary-brent-cctv-b2130518.html | 2022-07-25T12:00:26Z | https://www.independent.co.uk/news/uk/crime/met-police-london-hungary-brent-cctv-b2130518.html | false |
Jelenew: a new way of life, but also a form of self-expression
WILMINGTON, Del., July 25, 2022 /PRNewswire/ -- Earlier, a new product line was launched by the American female avant-garde cycling brand Jelenew. Its products include the Racing Collection, based on long-lasting endurance riding, and the Comfort Collection, which retains the functionality and practicality of sportswear, combined with haute couture aesthetics, to bring cyclists to various scenarios anytime, anywhere. The brand's initial drive was to apply cycling-friendly, versatile materials and haute couture aesthetics to people's daily lives so that people could use its products both in the city and outdoors. And take this to bring sports and outdoor culture into the lives of urbanites and make more women love cycling. Once the product under this brand-new concept was launched, a whirlwind was set off by netizens on social platforms. In addition to traditional cycling distance mobilizers, many fashion KOLs, models, and artists have put on Jelenew and posted their sustainable and healthy cycling ideas on social media, igniting new fashion trends and fashion frenzy.
This phenomenon is rare in cycling brands that only emphasize sports functions in the past. Driven by social factors such as the epidemic, soaring oil prices, and "slow travel" traffic road planning and policies in various places, the cycling culture has prevailed, and cycling has changed from a competitive sport to a new way of life and culture. But most cycling jerseys on the market are all about performance and conservative style. The best jersey and shorts are about function, but only a few cyclists will wear them. Modern people live on the go and are constantly asked to make compromises, which means every kind of restriction. They want to live a life where they don't need to change clothes because of scenes and situations. And Jelenew's Comfort Cycling Collection is designed to deal with this situation. This series retains the functionality and practicability of sportswear, combined with high-definition and simple aesthetics, to bring cycling enthusiasts clothes that can cope with work, sports, and exercise scenes anytime, anywhere.
Jelenew fuses haute couture design and functionality, preserving the materials and functionality of cycling gear, delivering a durable, haute couture aesthetic based on long-lasting endurance riding. Jelenew's features a range of elusive colors and takes on a minimalist perspective in its aesthetics. The four-way-stretch fabric consists of micro-perforation yarns, increasing airflow and comfort during hot weather. Jelenew also embeds the concept of environmental protection into the brand DNA, using natural, additive-free sunscreen and extremely quick-drying fabrics to provide consumers with a healthy and comfortable riding experience. The reference to haute couture makes Jelenew's cycling clothing better fit and more wrapping, and the original three-point V-shaped structure riding saddle provides a healthy and comfortable riding experience. Jelenew said that the brand product co-creators with diverse backgrounds worldwide participate in the product design process, and all products would be repeatedly tested and modified before they are introduced to the market. They believe that cycling, like art, is a way of self-expression. Some industry insiders said that the return of leisure sports style and the cross-border style integration of Jelenew sportswear and luxury fashion is also one of the reasons for attracting young consumer groups.
Di Liu, Jelenew's creative director, said: "We have an incredibly diverse consumer base, and brands appeal to different people for different reasons, but one thing in common is that we all love cycling. The life symbol that gives value is integrated into the cyclist's life. No one can resist a healthy body and a free and full soul. Jelenew is more like a carrier, a carrier of self-discovery and self-expression, through which you'll see how people can personalize themselves according to their needs."
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SOURCE Jelenew | https://www.kwch.com/prnewswire/2022/07/25/jelenews-new-product-line-has-set-off-new-wave-cycling-industry/ | 2022-07-25T12:00:48Z | https://www.kwch.com/prnewswire/2022/07/25/jelenews-new-product-line-has-set-off-new-wave-cycling-industry/ | true |
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KYIV, Ukraine (AP) — Russia appears to have reversed itself after the country's top diplomat said Moscow's overarching goal is to topple the government of Ukrainian President Volodymyr Zelenskyy as Russian artillery barrages and air strikes continue to pummel cities across Ukraine.
The remark from Russian Foreign Minister Sergey Lavrov comes amid Ukraine's efforts to resume grain exports from its Black Sea ports, something that would help ease global food shortages, under a new deal tested by a Russian strike on Odesa over the weekend.
Speaking to envoys at an Arab League summit in Cairo late Sunday, Lavrov said Moscow is determined to help Ukrainians “liberate themselves from the burden of this absolutely unacceptable regime.”
Lavrov accused Kiev and “its Western allies" of spouting propaganda intended to ensure that Ukraine “becomes the eternal enemy of Russia."
“Russian and Ukrainian people would continue to live together, we will certainly help Ukrainian people to get rid of the regime, which is absolutely anti-people and anti-historical,” he said.
Lavrov’s remarks contrasted sharply with the Kremlin's line early in the war, when Russian officials repeatedly emphasized that they weren’t seeking to overthrow Zelenskyy’s government.
Lavrov argued that Russia was ready to negotiate a deal to end hostilities in March when Kyiv changed tack and declared its intention to rout Russia on the battlefield, adding that the West has encouraged Ukraine to keep fighting.
“The West insists that Ukraine must not start negotiations until Russia is defeated on the battlefield,” Lavrov said.
It was not yet clear when grain shipments would resume following Russia and Ukraine signing identical agreements with the United Nations and Turkey on Friday in Istanbul. The deals are aimed at clearing the way for the shipment of millions of tons of desperately needed Ukrainian grain, as well as the export of Russian grain and fertilizer.
The Kremlin insisted Monday that the attack on the port of Odesa over the weekend targeted military assets and would not affect grain shipping.
Kremlin spokesman Dmitry Peskov told reporters that the strike had to do “exclusively with the military infrastructure.”
“This is in no way related to the infrastructure involved in fulfilling the agreements and exporting grain. So this can’t and shouldn’t affect the start of the shipment process in any way,” Peskov said.
The Kremlin spokesman also said that Moscow has no interest in halting all gas supplies to Europe and that recent restrictions on the flow of Russian gas to European countries "are simply the consequences of restrictions the Europeans have imposed, and the Europeans themselves are suffering from these restrictions.”
“Russia is a responsible gas supplier, and no matter what anyone says, the European Commission, in European capitals, in the U.S., Russia has been and continues to be a country that to a large extent guarantees Europe’s energy security,” Peskov said.
Meanwhile, Ukraine’s presidential office said Monday that at least two civilians were killed and another 10 were wounded in the latest Russian shelling during the last 24 hours.
In the eastern Donetsk region, the focus of the Russian offensive, Russian artillery struck Avdiivka, Kramatorsk and Kostiantynivka. An airstrike on Bakhmut damaged at least five houses.
“The Russians are using the scorched earth tactics across the entire Donbas, they fire from the ground and from the air to wipe off entire cities,” Donetsk Gov. Pavlo Kyrylenko said in televised remarks.
The Russians also struck the Kharkiv region. In the city of Chuhuiv, a Russian strike ruined the building of a local club and rescue workers removed several people from under the debris.
Kharkiv Gov. Oleh Sinyehubov denounced the attack as “senseless barbarity,” saying that “it looks like a deadly lottery when no one knows where the next strike will come and the entire region is dangerous for living.”
In the Dnipro region, a 10-year-old girl was wounded by shelling, and a 7-year-old child was wounded in the Russian shelling of the Mykolaiv region.
In other developments:
— Russia’s top domestic security agency said Monday it has thwarted an attempt by the Ukrainian military intelligence to entice Russian military pilots to surrender their combat jets to Ukraine.
The Federal Security Service (FSB), the KGB's successor agency, said Monday that Ukrainians offered Russian pilots cash and European Union citizenship to persuade them to hijack their warplanes. In a video released by the FSB, a man purported to be a Ukrainian intelligence officer, is offering to pay a prospective defector pilot $2 million if he would surrender his plane during a combat mission over Ukraine.
Russian state television claimed that Western spy agencies assisted the Ukrainians in the effort. The Russian claims couldn’t be independently verified. | https://www.mrt.com/news/article/Lavrov-says-Russian-goal-to-oust-Ukraine-s-17326698.php | 2022-07-25T12:02:42Z | https://www.mrt.com/news/article/Lavrov-says-Russian-goal-to-oust-Ukraine-s-17326698.php | false |
If anyone is found guilty, he or she must be punished, but I condemn malicious campaign against me: CM Mamata Banerjee after arrest of minister Partha Chatterjee.
- Country:
- India
If anyone is found guilty, he or she must be punished, but I condemn malicious campaign against me: CM Mamata Banerjee after arrest of minister Partha Chatterjee.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- CM Mamata Banerjee
- Partha
Advertisement | https://www.devdiscourse.com/article/Newsalert/2121297-if-anyone-is-found-guilty-he-or-she-must-be-punished-but-i-condemn-malicious-campaign-against-me-cm-mamata-banerjee-after-arrest-of-minister-p | 2022-07-25T12:03:30Z | https://www.devdiscourse.com/article/Newsalert/2121297-if-anyone-is-found-guilty-he-or-she-must-be-punished-but-i-condemn-malicious-campaign-against-me-cm-mamata-banerjee-after-arrest-of-minister-p | false |
Free refreshments offer for fan hit by ball during match
- Published
A football fan dramatically photographed being hit by a ball and spilling his drink and food at a Scottish match is being offered free refreshments.
The incident happened at Saturday's match between Elgin City and Queen of the South.
The image, taken by Queen of the South photographer Colin Johnstone, has since been proving popular on social media.
Elgin have now launched an appeal to find the fan in question.
The club said on Twitter: "Arguably the best picture ever taken at a football match.
"We would love to know the name of this supporter so he can get some free refreshments at our next match."
Queen of the South won Saturday's Scottish League Cup game in Elgin 2-0.
- 1 day ago | https://www.bbc.co.uk/news/uk-scotland-north-east-orkney-shetland-62290818 | 2022-07-25T12:04:12Z | https://www.bbc.co.uk/news/uk-scotland-north-east-orkney-shetland-62290818 | false |
General News of Monday, 25 July 2022
Source: www.ghanaweb.com
An edition of GTV's morning show, Breakfast Show, comes your way this morning.
The show hosted by a trio takes on issues of public interest with objectivity and aims to educate and engage listeners, viewers, and leaders for change
and better governance.
The show is packed with segments that ensure listeners are served with the best information, education, and entertainment.
Watch a stream of the Breakfast Show on GTV: | https://www.ghanaweb.com/GhanaHomePage/NewsArchive/LIVESTREAMED-GTV-Breakfast-Show-1589279 | 2022-07-25T12:05:35Z | https://www.ghanaweb.com/GhanaHomePage/NewsArchive/LIVESTREAMED-GTV-Breakfast-Show-1589279 | false |
LONDON, July 25, 2022 /PRNewswire/ -- Johnson Matthey (JM), a leader in sustainable technologies, is collaborating with ClimeCo, a global climate solutions company, to accelerate the deployment of enhanced carbon capture solutions for industry. Under an MoU, the two companies will help synthesis gas (syngas) producers, initially in hydrogen and methanol, to build the business case for reducing CO2 emissions from existing processes by up to 95%.
Combining JM's unique skills in technology development and deployment with ClimeCo's expertise in ESG strategy and regulatory analysis will enable syngas producers to make immediate progress on complex carbon issues by supporting project economics development, de-risking the business case for decarbonisation projects, and providing a mechanism to create validated CO2 emissions reductions and creating compliance credits in many government-backed carbon markets. Together, they will empower customers to make informed decisions on allocating capital for the deployment of JM's CLEANPACE™ solutions, accelerate emissions reductions, and future-proof their plants against the rising costs of carbon.
Syngas producers are responsible for approximately 70% of CO2 emissions in the chemicals sector. The opportunity for JM's Low Carbon Solutions to deploy existing technology to over 150 grey hydrogen plants in Europe and North America alone, could reduce CO2 emissions by over 100 million tons per year by 2030. This is equivalent to the annual greenhouse gas emissions from approximately 40 million cars. This is an addressable market of £1-2 billion and Low Carbon Solutions is a key growth driver for JM.
"Companies around the world are under pressure to reduce carbon emissions and meet net zero targets," says Jane Toogood, Catalyst Technologies Chief Executive at JM. "Creating strategic partnerships allows us to offer our customers rounded and complete solutions. By working together with ClimeCo, we will enable industries such as chemicals and refining, who rely on syngas, to quickly understand the regulatory frameworks, accelerate capital decisions for decarbonisation programmes and easily deploy proven technology solutions that can have an impact today, to create a cleaner world."
"In order to decarbonise, industry is faced with a complex set of regulatory and financial hurdles," says Bill Flederbach, ClimeCo's CEO and President. "This alliance, leveraging ClimeCo's expertise in regulatory analysis along with advocacy and leadership in environmental credit creation and transactions, supports stakeholders across 'hard to abate' industrial sectors by identifying technically and economically viable decarbonisation pathways, helping them go beyond conceptual studies to deploy technology solutions that make a difference today."
Notes to editors:
About JM
Johnson Matthey is a global leader in sustainable technologies that enable a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, we improve the performance, function and safety of our customers' products. Our science has a global impact in areas such as low emission transport, energy, chemical processing and making the most efficient use of the planet's natural resources. Today about 15,000 Johnson Matthey professionals collaborate with our network of customers and partners to make a real difference to the world around us. For more information, visit www.matthey.com.
Inspiring science, enhancing life
About ClimeCo
ClimeCo is a global company that focuses on investing, developing and trading environmental commodities, and advising on environmental markets, including greenhouse gases and renewable natural gas and energy. They operate at the forefront of an exciting transformation as global businesses, governments, and environmental advocates recognize that environmental markets are the most efficient way to address environmental challenges. Providing comprehensive, vertically integrated solutions makes ClimeCo a unique partner that can help clients maximize their environmental assets, while enhancing their sustainability impact, to satisfy Environmental, Social, and Governance (ESG) goals.
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SOURCE Johnson Matthey | https://www.wlbt.com/prnewswire/2022/07/25/johnson-matthey-climeco-collaborate-accelerate-deployment-low-carbon-solutions/ | 2022-07-25T12:06:13Z | https://www.wlbt.com/prnewswire/2022/07/25/johnson-matthey-climeco-collaborate-accelerate-deployment-low-carbon-solutions/ | false |
BLAINE, Minn. (AP) — After reading he was the betting favorite for the 3M Open, Tony Finau felt the pressure surprisingly mount in his mind as he sought to extend the momentum he has built this summer.
Playing catch-up proved to be the right formula for his third PGA Tour victory.
Finau shot a 4-under 67 to win the 3M Open by three strokes Sunday, erasing a five-stroke deficit with 11 holes left as Scott Piercy tumbled out of the lead down the stretch at windy TPC Twin Cities.
“I expected myself to contend and win again this year, so to be able to do it this late in the season when you’re running out of tournaments and you put that type of expectation on yourself, it’s so satisfying,” said Finau, who finished at 17-under 267.
Sungjae Im (68) and Emiliano Grillo (71) tied for second place. Piercy followed his tournament-record 54-hole score with a wince-inducing 76 to tie for fourth, four strokes back. James Hahn surged up the board with a 65 to match Piercy and Tom Hoge (70) at 13 under.
Piercy bogeyed four of six holes before a triple-bogey implosion on No. 14, allowing Finau — playing in the preceding trio — to take over for good. Gracefully congratulated by Piercy outside the scoring tent, the 32-year-old Finau recorded the largest winning rally in four editions of this event.
“I’m about as good an example as any of how tough it is to seal the deal,” said Finau, whose prior victories were in 2016 and 2021. He has 10 second-place finishes and three thirds. “Anytime you win one, it’s awesome to get the respect of the guys that you’re playing against.”
The strongest support came, naturally, from his wife and five children. They stayed with him in a rented house next to the course and followed him from tee to green. Fishing expeditions and family meals helped Finau keep his mind off his swing when it didn’t need to be there.
“I’m a husband. I’m a dad. I’m their friend. I try to have a good time with them,” Finau said.
Finau, who tied for third at the 3M Open in 2020, jumped from 30th to 17th in the FedEx Cup race. He entered the week ranked 17th in the world.
Finau made a 31-foot putt for birdie on the 15th green to strengthen his grip on the lead, as he confidently walked the course in his slender 6-foot-4 frame, white hat and aqua-striped polo.
The surest sign this was Finau’s day came on No. 17. His tee shot clanged off the side of the grandstand, ricocheted back onto the green and rolled into the rough — just a few feet from the water. He landed the perfect chip within a foot of the hole to make the par 3, then smiled slightly as he playfully clamped his hand on his chest as if to pretend the sequence gave him heart trouble.
On the daunting par-5 18th, Finau found the water off the tee to face one final challenge. But with Piercy looking on from the fairway, Finau made a 3-footer for bogey to seal it. He pumped his fist several times, took off his cap and walked off to embrace his family.
Piercy shared the first-round lead with Im on Thursday after a 65 and pulled away from the pack Friday with a 64 to take a three-shot edge into the weekend. He stretched his lead to four strokes after enduring the 6 1/2-hour weather delay and a painful heel blister Saturday.
That was nothing compared to the grind he found himself in Sunday. He was at 20-under after six holes. Less than an hour later, Piercy was in trouble. After posting only three bogeys on his first 61 holes, he went over par on seven of his last 11. That included the 7 he turned in on No. 14.
Piercy’s tee shot landed in the fairway bunker, and his sand wedge didn’t get him out of the sand. With a risky, last-ditch approach to get back on track, his next try from the bunker splashed in the water short and left of the green — instead of a safer play to the right. After the drop, Piercy hit into the rough. Then his next attempt stopped 3 inches short of the cup.
This was the fourth time in six tries that Piercy held or shared the three-round lead and failed to win the tournament.
Grillo, the Argentine who tied for second at the John Deere Classic three weeks ago, also had a triple bogey that loomed large in the end, a 7 on No. 7. There were 303 balls in the water this week, the most all season on tour.
“Tony pressed really hard on the gas, and he just made it very hard for everybody,” Grillo said.
___
More AP golf coverage: https://apnews.com/hub/golf and https://twitter.com/AP_Sports | https://www.conchovalleyhomepage.com/sports/ap-sports/finau-wins-3m-open-by-3-with-late-surge-piercy-collapse/ | 2022-07-25T12:07:29Z | https://www.conchovalleyhomepage.com/sports/ap-sports/finau-wins-3m-open-by-3-with-late-surge-piercy-collapse/ | true |
- Significantly Expands MasTec's Clean Energy & Infrastructure Segment
- Strong Cultural Alignment and Experienced Leadership Team
- Transaction Expected to Close Late Q4 2022 and be Accretive to MasTec's 2023 Adjusted EPS Before Synergy Benefits, with Potential Revenue and Operational Synergies in 2024 and Beyond
- MasTec Updates Financial Guidance for the Second Half of 2022
- MasTec to Host Conference Call at 8:30 AM ET Monday, July 25, 2022, to Discuss the IEA Acquisition
CORAL GABLES, Fla. and INDIANAPOLIS, July 25, 2022 /PRNewswire/ -- MasTec (NYSE: MTZ) ("MasTec") and IEA (Nasdaq: IEA) today announced that they have entered into a definitive agreement under which MasTec will acquire all of the outstanding shares of IEA in a cash-and-stock transaction valued at $14.00 per IEA share. The transaction has been unanimously approved by the Boards of Directors of both MasTec and IEA, and is subject to customary closing conditions, including IEA stockholders and Hart-Scott-Rodino approvals, with an expected closing late fourth quarter of 2022.
Founded in 2011 with roots dating to 1947, IEA is a premier services provider in renewable energy and infrastructure solutions, with extensive expertise and capabilities spanning engineering, procurement, construction and other related services. IEA has deep and long-standing relationships across a diverse blue-chip customer base. It has completed more than 260 utility-scale wind and solar projects across North America and executed a range of complex public and private infrastructure construction projects.
Jose Mas, MasTec's Chief Executive Officer, commented, "We are proud to expand our service capabilities, scale and expertise providing critical infrastructure to support the nation's energy transition to secure and sustainable renewable sources. We are excited to welcome JP, the IEA management team and almost 6,000 IEA team members to the MasTec family. We have long admired IEA's operating excellence, and we have a strong cultural alignment with IEA in safety and customer service."
Mr. Mas continued, "We believe that the addition of IEA's union based clean energy power generation services, coupled with MasTec and IEA's combined non-union craft labor capacity, will provide increased scale and capacity needed to meet expected growing customer demand for renewable power generation over the next decade. We also believe that MasTec's existing electrical transmission and distribution service capabilities, coupled with expanded renewable power generation services from the IEA acquisition, will provide a compelling and complete suite of services to support customer's needs for both power generation and power grid system infrastructure required to transition to renewable energy and reduce carbon emissions."
JP Roehm, President and Chief Executive Officer commented, "The combination with MasTec will create new opportunities for IEA's employees and our customer base. Our joint resources and capabilities will advance our ability to serve our customers in the renewable energy, power delivery and infrastructure markets. We believe that IEA stockholders will benefit from MasTec and IEA's combined operations and scale, and this belief is reflected in our agreement to receive 25% of the transaction proceeds in MasTec common stock. MasTec is the ideal owner for IEA and I am excited to continue to lead the IEA team during this exciting new chapter of our story."
Transaction Information
Under the terms of the agreement, IEA stockholders will receive $14.00 per share, comprised of $10.50 per share in cash and 0.0483 of a MasTec share, with a value of $3.50 per share, based on MasTec's closing share price on July 22, 2022, and represents a 34% premium to IEA's closing stock price on July 22, 2022.
The acquisition is expected to close late fourth quarter of 2022, subject to IEA stockholder approval, regulatory approvals and other customary closing conditions. MasTec has entered into agreements with various IEA stockholders, which collectively own approximately 35% of IEA's outstanding stock, to vote their shares of IEA common stock in favor of the transaction. Based on estimated IEA net debt levels at closing, the total transaction consideration will be approximately $1.1 billion. MasTec expects to issue approximately 2.8 million MasTec shares in the transaction.
IEA is reaffirming its expectation that full year 2022 revenue will range between $2.3 to $2.5 billion, with net income ranging between $45 to $51 million, adjusted EBITDA (a non-GAAP measure) ranging between $140 to $150 million. For 2023, MasTec expects that IEA will generate revenue between $2.6 to $2.7 billion, with adjusted EBITDA ranging between $160 to $170 million, exclusive of any post transaction synergies1. MasTec expects near term post transaction annual cost savings of approximately $10 million primarily from the combination of reduced IEA public company reporting and other costs. Inclusive of both transaction finance costs as well as expected synergies, MasTec expects that IEA will generate approximately $45 to $50 million of adjusted net income (a non-GAAP measure) in 2023.
MasTec has obtained committed bridge financing from Bank of America and J.P. Morgan, should it be needed, to complete the transaction. MasTec, however, intends to pursue certain other debt financing alternatives to finance the cash portion of the transaction consideration.
J.P. Morgan Securities LLC is serving as financial advisor to MasTec, and Fried Frank Harris Shriver & Jacobson LLP and Holland & Knight LLP are serving as legal counsel. Lazard is serving as financial advisor to IEA, and Gibson, Dunn & Crutcher LLP is serving as legal counsel.
MasTec Second Half 2022 Guidance Update
MasTec also announced today that it is updating its annual guidance for 2022, primarily due to expected higher levels of costs during the second half of the year. The Company is not adjusting its guidance expectation for the second quarter. Updated 2022 guidance also excludes any effects from the IEA acquisition. The Company continues to expect that annual full year 2022 revenue will approximate $9.2 billion, with full year GAAP net income and diluted earnings per share expected to approximate $95 million and $1.24, respectively. Full year 2022 adjusted EBITDA is expected to approximate $750 million and adjusted diluted earnings per share are expected to approximate $3.09.
Second half 2022 revenue is expected to approximate $5 billion, with second half 2022 GAAP net income expected to approximate $114 million and adjusted EBITDA expected to approximate $471 million or 9.4% of revenue. The Company will provide initial commentary on its updated 2022 outlook during today's conference call with additional commentary during its second quarter earnings conference call on August 5, 2022.
Jose Mas, MasTec's Chief Executive Officer commented, "While our expected second half 2022 performance represents a 280-basis point improvement in adjusted EBITDA margin rate versus first half 2022 results, our current expectation reflects higher expected project costs, inefficiencies and delays including the impact of higher fuel, labor and material costs from sustained levels of inflation. We believe that these impacts will be largely mitigated in 2023 as new projects and contractual cost escalators take effect. We continue to expect MasTec legacy operations in 2023 will generate strong revenue and adjusted EBITDA growth and look forward to the expected incremental contribution in 2023 of the IEA acquisition."
Conference Call
In conjunction with this announcement, MasTec has scheduled a conference call for this morning, Monday, July 25, 2022, at 8:30 a.m. Eastern Time, which will also be broadcast live over the Internet. MasTec will utilize a slide presentation to accompany its prepared remarks, which will be viewable through the webcast and will also be available in the "Events and Presentations" area of the "Investors" section of MasTec's website prior to the start of the call. To participate in the call, dial (856) 344-9290 or (800) 289-0571 at least 15 minutes before the conference call begins and ask for the MasTec call using conference code 9021201. You may also visit the Investor Relations section of the MasTec website at https://investors.MasTec.com/events-presentations to access the Internet broadcast. For those who cannot participate live, a recording will be available on the Company's website for approximately 30 days by dialing (719) 457-0820 and referencing the same conference code.
MasTec, Inc. is a leading infrastructure construction company operating mainly throughout North America across a range of industries. The Company's primary activities include the engineering, building, installation, maintenance and upgrade of communications, energy and utility and other infrastructure, such as: power delivery services, including transmission and distribution, wireless, wireline/fiber and customer fulfillment activities; power generation, primarily from clean energy and renewable sources; pipeline infrastructure, including natural gas pipeline and distribution infrastructure; heavy civil; and industrial infrastructure. MasTec's customers are primarily in these industries. The Company's corporate website is located at www.MasTec.com. The information contained on the Company's website is not incorporated into this press release.
Infrastructure and Energy Alternatives is a leading infrastructure construction company with renewable energy and specialty civil expertise. Headquartered in Indianapolis, Indiana, with operations throughout the country, IEA's service offering spans the entire construction process. The Company offers a full spectrum of delivery models including full engineering, procurement, and construction, turnkey, design-build, balance of plant, and subcontracting services. IEA is one of the larger providers in the renewable energy industry and has completed more than 260 utility scale wind and solar projects across North America. In the heavy-civil space, IEA offers a number of specialty services including environmental remediation, industrial maintenance, specialty transportation infrastructure and other site development for public and private projects. For more information, please visit IEA's website at www.iea.net. The information contained on IEA's website is not incorporated into this press release.
Additional Information and Where to Find It:
This communication relates to a proposed acquisition of Infrastructure & Energy Alternatives, Inc. (IEA) by MasTec, Inc. (MasTec). In connection with the proposed acquisition, MasTec and IEA intend to file relevant materials with the Securities and Exchange Commission (SEC), including a Registration Statement on Form S-4 to be filed by MasTec that will include a preliminary proxy statement of IEA and also constitute a prospectus with respect to the shares of common stock of MasTec to be issued in the proposed transaction. The information in the preliminary proxy statement/prospectus will not be complete and may be changed. IEA will deliver the definitive proxy statement to its stockholders as required by applicable law. This communication is not a substitute for any prospectus, proxy statement or any other document that may be filed with the SEC in connection with the proposed business combination.
INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.
Investors and security holders will be able to obtain these materials (when they are available) and other documents filed with the SEC free of charge at the SEC's website, www.sec.gov. Copies of documents filed with the SEC by MasTec (when they become available) may be obtained free of charge at MasTec's website at MasTec.com. Copies of documents filed with the SEC by IEA (when they become available) may be obtained free of charge on IEA's website at iea.net.
Participants in the Solicitation:
IEA and its directors, executive officers and certain other members of management and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information regarding these persons who may, under the rules of the SEC, be considered participants in the solicitation of IEA stockholders in connection with the proposed transaction and their interests in the transaction will be set forth in the proxy statement/prospectus described above filed with the SEC. Additional information regarding IEA's executive officers and directors is included in IEA's annual report on Form 10-K for the year ended December 31, 2021 filed with the SEC on March 7, 2022 and IEA's proxy statement for its 2022 annual meeting of stockholders filed with the SEC on March 23, 2022. These documents may be obtained free of charge at the SEC's website, www.sec.gov, or IEA's website, iea.net.
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Forward-looking statements include, but are not limited to, statements relating to expectations regarding the future financial and operational performance of MasTec or IEA; the projected impact and benefits of IEA on MasTec's operating or financial results; expectations regarding MasTec's or IEA's business or financial outlook; expectations regarding MasTec's plans, strategies and opportunities; expectations regarding opportunities, technological developments, competitive positioning, future economic conditions and other trends in particular markets or industries; the potential strategic benefits and synergies expected from the acquisition of IEA; the development of and opportunities with respect to future projects, including renewable and other projects designed to support transition to a carbon-neutral economy; MasTec's ability to successfully integrate the operations of IEA; the expected closing of, and financing sources for, the acquisition of IEA; the impact of inflation on MasTec's costs and the ability to recover increased costs, as well as other statements reflecting expectations, intentions, assumptions or beliefs about future events and other statements that do not relate strictly to historical or current facts. These statements are based on currently available operating, financial, economic and other information, and are subject to a number of significant risks and uncertainties. A variety of factors in addition to those mentioned above, many of which are beyond our control, could cause actual future results to differ materially from those projected in the forward-looking statements. Other factors that might cause such a difference include, but are not limited to: risks related to completed or potential acquisitions, including the acquisition of Henkels & McCoy Group, Inc., as well as the ability to identify suitable acquisition or strategic investment opportunities, to integrate acquired businesses within expected timeframes and to achieve the revenue, cost savings and earnings levels from such acquisitions at or above the levels projected, including the risk of potential asset impairment charges and write-downs of goodwill; risks related to the impact of inflation on costs as well as economic activity, customer demand and interest rates, risks related to adverse effects of health epidemics and pandemics or other outbreaks of communicable diseases, such as the COVID-19 pandemic, including its effect on supply chain or inflationary issues, as well as, the potential effects of related health mandates and recommendations; market conditions, technological developments, regulatory or policy changes, including permitting processes and tax incentives that affect us or our customers' industries; the effect of federal, local, state, foreign or tax legislation and other regulations affecting the industries we serve and related projects and expenditures; the effect on demand for our services of changes in the amount of capital expenditures by our customers due to, among other things, economic conditions, including potential adverse effects of public health issues, such as the COVID-19 pandemic on economic activity generally, the availability and cost of financing, and customer consolidation in the industries we serve; activity in the industries we serve and the impact on our customers' expenditure levels caused by fluctuations in commodity prices, including for oil, natural gas, electricity and other energy sources; our ability to manage projects effectively and in accordance with our estimates, as well as our ability to accurately estimate the costs associated with our fixed price and other contracts, including any material changes in estimates for completion of projects and estimates of the recoverability of change orders; the timing and extent of fluctuations in operational, geographic and weather factors affecting our customers, projects and the industries in which we operate; the highly competitive nature of our industry and the ability of our customers, including our largest customers, to terminate or reduce the amount of work, or in some cases, the prices paid for services, on short or no notice under our contracts, and/or customer disputes related to our performance of services and the resolution of unapproved change orders; our dependence on a limited number of customers and our ability to replace non-recurring projects with new projects; the effect of state and federal regulatory initiatives, including costs of compliance with existing and potential future safety and environmental requirements, including with respect to climate change; risks associated with potential environmental issues and other hazards from our operations; disputes with, or failures of, our subcontractors to deliver agreed-upon supplies or services in a timely fashion, and the risk of being required to pay our subcontractors even if our customers do not pay us; risks related to our strategic arrangements, including our equity investments; any exposure resulting from system or information technology interruptions or data security breaches; any material changes in estimates for legal costs or case settlements or adverse determinations on any claim, lawsuit or proceeding; the adequacy of our insurance, legal and other reserves; the outcome of our plans for future operations, growth and services, including business development efforts, backlog, acquisitions and dispositions; our ability to maintain a workforce based upon current and anticipated workloads; our ability to attract and retain qualified personnel, key management and skilled employees, including from acquired businesses, and our ability to enforce any noncompetition agreements; fluctuations in fuel, maintenance, materials, labor and other costs; risks associated with volatility of our stock price or any dilution or stock price volatility that shareholders may experience in connection with shares we may issue as consideration for earn-out obligations or as purchase consideration in connection with past or future acquisitions, or as a result of other stock issuances; restrictions imposed by our credit facility, senior notes and any future loans or securities; our ability to obtain performance and surety bonds; risks related to our operations that employ a unionized workforce, including labor availability, productivity and relations, as well as risks associated with multiemployer union pension plans, including underfunding and withdrawal liabilities; risks associated with operating in or expanding into additional international markets, including risks from fluctuations in foreign currencies, foreign labor and general business conditions and risks from failure to comply with laws applicable to our foreign activities and/or governmental policy uncertainty; a small number of our existing shareholders have the ability to influence major corporate decisions; as well as other risks detailed in our filings with the Securities and Exchange Commission. We believe these forward-looking statements are reasonable; however, you should not place undue reliance on any forward-looking statements, which are based on current expectations. Furthermore, forward-looking statements speak only as of the date they are made. If any of these risks or uncertainties materialize, or if any of our underlying assumptions are incorrect, our actual results may differ significantly from the results that we express in, or imply by, any of our forward-looking statements. These and other risks are detailed in our filings with the Securities and Exchange Commission. We do not undertake any obligation to publicly update or revise these forward-looking statements after the date of this press release to reflect future events or circumstances, except as required by applicable law. We qualify any and all of our forward-looking statements by these cautionary factors.
1 Reconciliations of fiscal year 2022 non-GAAP measures are included in this release. Reconciliations of fiscal year 2023 forward-looking financial measures for IEA included in this presentation that are non-GAAP financial measures to the corresponding GAAP financial measures are not included, due to variability and difficulty in making accurate forecasts and projections, particularly in light of the purchase accounting impact on IEA's GAAP results following its acquisition, as well as, because certain information is not currently ascertainable or accessible, and because not all of the information necessary for a quantitative reconciliation of these forward-looking non-GAAP financial measures to the most directly comparable GAAP financial measures is available to MasTec without unreasonable efforts. Estimated adjusted EBITDA and estimated adjusted net income includes the impact of, among other things, amortization of intangible assets and depreciation, which may be significant and difficult to project with a reasonable degree of accuracy, as the allocation of the purchase price to intangible assets and to property and equipment has not yet been performed. Therefore, reconciliations of IEA's estimated adjusted EBITDA and estimated adjusted net income to estimated net income are not available without unreasonable effort. For the same reasons, we are unable to address the probable significance of the unavailable information, nor can we accurately predict all of the components of the applicable non-GAAP financial measures and reconciling adjustments thereto; accordingly, the corresponding GAAP measures may be materially different than the non-GAAP measures. Non-GAAP measures should not be considered in isolation from, as a substitute for, or alternative measure of, GAAP net income and should be reviewed in conjunction with the provided reconciliation thereto. Such forward looking information is also subject to uncertainty and various risks, including those set forth in the risk factors discussed below, and there can be no assurance that any forecasted results or conditions will actually be achieved.
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SOURCE MasTec, Inc. | https://www.wafb.com/prnewswire/2022/07/25/mastec-acquire-infrastructure-energy-alternatives-inc-iea-premier-renewable-energy-infrastructure-services-provider/ | 2022-07-25T12:15:05Z | https://www.wafb.com/prnewswire/2022/07/25/mastec-acquire-infrastructure-energy-alternatives-inc-iea-premier-renewable-energy-infrastructure-services-provider/ | false |
Fans can score free Bitcoin, Ethereum, Avalanche, Solana, or Dogecoin and use their crypto to buy real food at Chipotle
NEWPORT BEACH, Calif., July 25, 2022 /PRNewswire/ -- Chipotle Mexican Grill (NYSE: CMG) today announced it is launching a new interactive game called "Buy The Dip" that will give away more than $200,000 in free crypto as well as promo codes for 1-cent guac and 1-cent Queso Blanco through July 31, National Avocado Day*.
Starting at 10am PT today, fans can access the "Buy The Dip" game by visiting: www.chipotlebuythedip.xyz. The game will be open from 10am PT to 6pm PT each day through Sunday, July 31.
Chipotle now accepts digital currency, including cryptocurrency, nationwide through a partnership with Flexa, the global leader in pure-digital payments. Guests can use 98 different digital currencies, including Bitcoin, Ethereum, Avalanche, Solana, and Dogecoin, to pay for their real food at Chipotle with a Flexa-enabled app. Chipotle first immersed itself in the crypto space in April of 2021 when it became the first U.S. restaurant brand to launch a cryptocurrency giveaway through its "Burritos or Bitcoin" promotion, which dished out $100,000 in Bitcoin to celebrate National Burrito Day.
"We want to build the next generation of Chipotle fandom by connecting with the Web3 community," said Chris Brandt, Chief Marketing Officer. "We're excited to bring positivity to the crypto conversation by empowering fans to 'Buy The Dip.'"
- After entering the game's site, players will click "Play Buy The Dip" and be prompted to sign into their Chipotle Rewards account or create a Chipotle Rewards account.
- Players will then reach a "How To Play" screen that provides instructions for the "Buy The Dip" game. They can begin the game by clicking "Play Now."
- Players will hit "START" to make the crypto line chart move.
- Players will then click "BUY THE DIP" for a chance to win free crypto, 1-cent guac, or 1-cent Queso Blanco.
- If players win a prize, they will have 15 seconds to "CLAIM" it or "SWAP" it for a chance at a different prize. If players don't win a prize, they can click "TRY AGAIN" for another chance.
- All players will have three chances to win every day from July 25 through July 31.
Starting today through Saturday, July 30 from 10am - 6pm PT, Chipotle will give away the following:
- $10,000 in Bitcoin (BTC)
- $5,000 in Ethereum (ETH) per day
- $1,250 in Solana (SOL) per day
- $3,000 in Avalanche (AVAX) per day
- $3,000 in Dogecoin (DOGE) per day
On Sunday, July 31, National Avocado Day, from 10am - 6pm PT, the brand will offer the following prizes. In total, more than 500 players will win crypto from July 25 through July 31.
- $35,000 in Bitcoin (BTC)
- $5,000 in Ethereum (ETH)
- $12,500 in Solana (SOL)
- $11,250 in Avalanche (AVAX)
- $11,250 in Dogecoin (DOGE)
Chipotle will offer 1-cent guac to all Chipotle Rewards members on National Avocado Day, July 31, when they use the digital-only promo code "AVO2022" at checkout on the Chipotle app and Chipotle.com**.
* NO PURCHASE NECESSARY. Game begins on or about July 25, 2022 at 10:01 a.m. PT and ends on July 31, 2022 at 5:59 p.m. PT; seven daily entry periods from 10:01 am PT – 5:59 pm PT. Open only to legal U.S. residents of the 50 United States & D.C who are 18 years of age or older and have a Chipotle Rewards account. Limit 1 entry per person per day. See Official Rules for complete details, including additional eligibility restrictions, prize descriptions/restrictions/ARVs, and odds. 1-cent Queso Blanco and 1-cent Guac codes valid on digital orders only w/ entrée purchase and exclusive to Rewards members; add'l terms apply. Cryptocurrency values change rapidly. Cryptocurrency prizes will be awarded based on exchange rate on the date of prize award. Sponsor: CMG Strategy Co., LLC.
**Chipotle Rewards members receive one (1) 1-cent side or entrée topping of guac with purchase of any regular entrée on the Chipotle website or the Chipotle mobile app from participating U.S. locations by using promo code "AVO2022" at digital checkout. Valid only on July 31, 2022, during normal business hours. Limit one (1) per transaction. Redemption subject to availability. Not available in restaurant or on orders via third party delivery platforms. Additional cost for premium add-ons (except for side or entrée topping guac). Not valid on chips & guac orders, kids' meals or 3 pointers. Taxes, gratuities, and any other sides are not included and are the responsibility of the customer. Cannot be combined or used with any other coupons, promotions, or special offers.
Chipotle Mexican Grill, Inc. (NYSE: CMG) is cultivating a better world by serving responsibly sourced, classically-cooked, real food with wholesome ingredients without artificial colors, flavors or preservatives. Chipotle had over 3,000 restaurants as of March 31, 2022, in the United States, Canada, the United Kingdom, France and Germany and is the only restaurant company of its size that owns and operates all its restaurants. Chipotle is ranked on the Fortune 500 and is recognized on the 2022 list for Fortune's Most Admired Companies. With over 100,000 employees passionate about providing a great guest experience, Chipotle is a longtime leader and innovator in the food industry. Chipotle is committed to making its food more accessible to everyone while continuing to be a brand with a demonstrated purpose as it leads the way in digital, technology and sustainable business practices. For more information or to place an order online, visit WWW.CHIPOTLE.COM.
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Company reiterates support of proposals for the authorization to increase number of shares available for issuance by the Company and authorization for the Board to effect a reverse stock split at their discretion
HOUSTON, July 25, 2022 /PRNewswire/ -- CNS Pharmaceuticals, Inc. (NASDAQ: CNSP) ("CNS" or the "Company"), a biopharmaceutical company specializing in the development of novel treatments for primary and metastatic cancers in the brain and central nervous system, today urged shareholders to vote in favor of the proposals outlined in the Company's Definitive Proxy Statement (the "Proxy") for the upcoming Annual Shareholder Meeting to be held Wednesday, July 27, 2022.
The proposals outlined in the Proxy include the authorization to increase the number of shares available for issuance by the Company and the authorization for the Board of Directors to effect a reverse stock split of the outstanding shares of the Company's common stock, at a split ratio of between 1-for-2 and 1-for-30 at their discretion.
"While we remain whole-heartedly dedicated to the advancement of our potentially pivotal global trial of Berubicin, we must also focus on our continued strategic fiduciary obligations to all stakeholders. After careful thought and consideration by both the management team and the board of directors, we strongly believe having these tools available at our discretion will enable us to effectively finance the Company and thereby drive the ongoing clinical development forward. To be clear, if approved, these tools will only be used if needed. It is necessary, however, as a cash-burning, development-stage company, to have the ability to issue stock on the market to raise capital and to have the best market for our shareholders to use when they wish to trade our stock. I, along with the rest of the CNS Pharmaceuticals team, urge shareholders to thoughtfully consider this opportunity to further equip the board of directors with available tools that, if needed, can be used to both maintain our NASDAQ listing by satisfying the minimum bid price requirement and enhance the long-term growth prospects of the Company by broadening our financing alternatives," commented John Climaco, CEO of CNS Pharmaceuticals. "In this turbulent and unpredictable market, we are dedicated to addressing the existential financial threats to the Company that currently exist. These tools will put the Company in the best position to manage challenging market conditions and to act, as always, in the best interest of all shareholders."
Shareholders are urged to carefully review the Proxy and accompanying materials as they contain important information regarding the Share Consolidation and its consequences to shareholders. A copy of the Proxy is available in the Investors section of the Company's website and on the U.S. Securities and Exchange Commission's website at www.sec.gov.
YOUR VOTE IS IMPORTANT. VOTE TODAY!
A proxy form or voting instruction form accompanied the Meeting materials you received by mail. Instructions on how to vote, which vary depending on whether you are a registered or beneficial shareholder of the Company, are provided in the Circular and the proxy form or voting instruction form.
About CNS Pharmaceuticals, Inc.
CNS Pharmaceuticals a clinical-stage pharmaceutical company developing a pipeline of anti-cancer drug candidates for the treatment of primary and metastatic cancers of the brain and central nervous system. The Company's lead drug candidate, Berubicin, is a novel anthracycline and the first anthracycline to appear to cross the blood-brain barrier. Berubicin is currently in development for the treatment of a number of serious brain and CNS oncology indications including glioblastoma multiforme (GBM), an aggressive and incurable form of brain cancer.
Additionally, the Company is advancing the development of its WP1244 drug technology portfolio, which utilizes anthracycline and distamycin-based scaffolds to create small molecule agents and is believed to be 500x more potent than daunorubicin in inhibiting tumor cell proliferation. Preclinical studies of WP1244 demonstrated high uptake in the brain with antitumor activity. CNS Pharmaceuticals is evaluating the use of the WP1244 portfolio in the treatment of brain cancers, pancreatic, ovarian, and lymphomas.
For more information, please visit www.CNSPharma.com, and connect with the Company on Twitter, Facebook, and LinkedIn.
Forward-Looking Statements
Some of the statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, the timing of opening new sites in Europe. These statements relate to future events, future expectations, plans and prospects. Although CNS believes the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. CNS has attempted to identify forward-looking statements by terminology including ''believes,'' ''estimates,'' ''anticipates,'' ''expects,'' ''plans,'' ''projects,'' ''intends,'' ''potential,'' ''may,'' ''could,'' ''might,'' ''will,'' ''should,'' ''approximately'' or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including those discussed under Item 1A. "Risk Factors" in CNS's most recently filed Form 10-K filed with the Securities and Exchange Commission ("SEC") and updated from time to time in its Form 10-Q filings and in its other public filings with the SEC. Any forward-looking statements contained in this press release speak only as of its date. CNS undertakes no obligation to update any forward-looking statements contained in this press release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.
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NFL Baltimore Ravens to Integrate the ImagineAR SDK Platform with their Official Team Mobile App Developed by YinzCam
VANCOUVER, BC and ERIE, Pa., July 25, 2022 /PRNewswire/ - Imagine AR Inc. (CSE: IP) (OTCQB: IPNFF) ("ImagineAR" or "Company"), an Augmented Reality Company that enables sports teams, businesses and enterprises to quickly create their own AR mobile campaigns, is honored to announce the signing of a two year partnership agreement with the NFL Baltimore Ravens to provide its Augmented Reality Mobile Platform for fan activation and engagement. This two-year revenue sharing agreement makes the Baltimore Ravens the first NFL team to integrate the ImagineAR Augmented Reality SDK Platform to deliver metaverse fan immersive experiences.
Kevin Rochlitz, Chief Sales Officer of the Baltimore Ravens, stated, "Our team strives to leverage advanced technology to deliver innovative and exceptional fan experiences. Integrating the ImagineAR platform with our mobile app for the next two years will create interactive fun, energy and excitement that can be shared with other fans on all social media platforms. We are absolutely thrilled to be the first NFL team to integrate the award-winning ImagineAR technology into our digital communications' mobile platform."
Alen Paul Silverrstieen, CEO of ImagineAR, stated "ImagineAR is truly honored to sign our first NFL team and the Ravens have always been a visionary in delivering advanced fan engagement. YinzCam, the Ravens app developer, is the leading global sports mobile app provider and we are expecting this fall launch will be a showcase of our AR sports fan platform to the NFL and other leagues."
Silverrstieen added "With respect to our Company, the Baltimore Ravens are not only our first NFL partner; they are also our first top-tier professional sports team partner in the United States and opens the door to further expansion at the highest level of sports."
ImagineAR Inc. (CSE: IP) (OTC: IPNFF) is a self-publishing augmented reality (AR) platformthat enables businesses of any size to create and implement their own AR campaigns with no programming or technology experience. Every organization, from professional sports franchises to small retailers, can develop interactive AR campaigns that blend the real and digital worlds. Customers simply point their mobile device at logos, signs, buildings, (products, landmarks and more to instantly engage videos, information, advertisements, coupons,3D holograms and any interactive content all hosted in the cloud and managed using a menu-driven portal. Integrated real-time analytics means that all customer interaction is tracked and measured in real-time. The AR Enterprise platform supports both IOS and Android mobile devices and upcoming wearable technologies. The AR Platform is available as an SDK Plug-in for existing mobile apps.
2021 STA Category Award Winner for Fan Engagement.
All trademarks of the property of respective owners.
ON BEHALF OF THE BOARD
Alen Paul Silverrstieen
President & CEO
(818) 850-2490
https://twitter.com/IPtechAR
https://www.facebook.com/imaginationparktechnologies
https://www.instagram.com/iptechar
https://www.linkedin.com/company/imagination-park-technologies-inc
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Information and Statements
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein may include, but is not limited to, information concerning the ability of the Company to generate revenues, roll out new programs and to successfully achieve business objectives, and expectations for other economic, business, and/or competitive factors.
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.
Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.
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The famous Richard Wagner Festival in Bayreuth opens on July 25. Through August, Richard Wagner's works will be performed on stage. Let's take this opportunity to explore the beautiful region in Bavaria. | https://www.dw.com/en/castles-beers-and-bayreuth-a-journey-through-upper-franconia/g-44019967 | 2022-07-25T12:23:18Z | https://www.dw.com/en/castles-beers-and-bayreuth-a-journey-through-upper-franconia/g-44019967 | true |
Growth reflects success and the focus of subscription-based businesses on Customer Success during economic volatility
WASHINGTON, July 25, 2022 /PRNewswire/ -- ChurnZero, a leading Customer Success platform, stands ready to help organizations fortify the foundation of their businesses: existing customers. The company announced today a continued commitment to expand internal resources and add headcount as the Customer Success industry and subscription-based companies shift focus more and more to customer retention in light of the current uncertain economic environment.
"In a downturn, new leads slow, win rates narrow, and deals take longer to close," said You Mon Tsang, CEO and co-founder, ChurnZero. "The rule of thumb is that it costs five to seven times more to win a new customer than it does to keep a current one. As that multiple expands, each dollar invested in customer retention matters more. The most agile companies are focusing on Customer Success and using customer data to get ahead of expansion opportunities and potential risk."
ChurnZero is dedicated to supporting these companies in need as well as their existing customer base. The company has more than doubled its staff in the last year, bringing on more than 100 new employees in the last six months, with nearly 30% being customer-facing or customer support roles.
The growth in the ChurnZero team includes two key executive appointments: Aaron Levine as chief financial officer and Allison Tiscornia as chief customer officer. The company is particularly proud that 40% of the team is comprised of women, ahead of the tech industry average of 33%.
Plans also include additional new hires in the sales, development, implementation, G&A and marketing departments.
Over the past three years, ChurnZero has gone from new entrant status to being recognized as a leader and one of the fastest-growing Customer Success platforms in the industry. Among the most notable of many recent accolades is being named among G2's "Best Relationship" and "Software Leader" for more than 16 consecutive quarters, underscoring ChurnZero's unique commitment to delivering both ongoing partnership and continued platform innovation for subscription businesses to deliver the best possible customer experiences.
"Companies that stand the test of time are those who are obsessed with their customers," continued Tsang. "It is these customer-centric companies that can be agile and resilient in the face of market changes and who thrive even when budgets grow tighter. ChurnZero strives to be this company and to arm other organizations with the tools to thrive as well."
Learn more about ChurnZero.
About ChurnZero
ChurnZero is a recognized leader in Customer Success dedicated to helping subscription businesses succeed at scale. The company is known for its powerful, enterprise-class Customer Success platform and its ongoing partnership with its users to ensure they get what they need to increase revenue, improve efficiency, and deliver the best possible customer experiences. Customers report achieving significant increases in net revenue retention, user adoption, customer lifetime values, and Net Promoter Scores.
Through the platform, Customer Success teams can identify and act on trends to spot potential churn risks and act on renewal and expansion opportunities. Best-in-class automation, personalization, and in-app communication make it easy to engage and lead customers to value at scale. Seamless data sharing and integrations with CRM, support, finance, NPS, LMS, and communication software help create a truly-customer centric culture. The company prides itself on being trusted partners, consultants, and coaches, so customers can focus on the work that matters to grow their businesses.
Founded in 2015, ChurnZero is a remote-first company with headquarters in Washington, D.C. and an office in Amsterdam. The company has raised more than $35 million in funding from leading investment firms including JMI Equity.
CONTACT: Heather Philbin
pr@churnzero.net
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SOURCE ChurnZero | https://www.wkyt.com/prnewswire/2022/07/25/churnzero-achieves-record-hiring-first-two-quarters-2022-more-than-doubles-staff-last-12-months/ | 2022-07-25T12:24:53Z | https://www.wkyt.com/prnewswire/2022/07/25/churnzero-achieves-record-hiring-first-two-quarters-2022-more-than-doubles-staff-last-12-months/ | false |
The negotiating teams of Religious Zionism party head MK Bezalel Smotrich and Otzma Yehudit head MK Itamar Ben-Gvir are set to meet this afternoon, following frequent meetings over the past few weeks.
Ben-Gvir is reportedly seeking to unite the two parties rather than merely forming a technical bloc, and has accused Smotrich of seeking to marginalize him. | https://www.israelnationalnews.com/flashes/582630 | 2022-07-25T12:27:20Z | https://www.israelnationalnews.com/flashes/582630 | false |
Pak: Acute shortage of anaesthetics in Lahore, hundreds of surgeries postponed
Health department authorities have said that the authorities have provided the anaesthesia drug to a teaching hospital, and efforts are underway to address the shortage of the drug.
Islamabad: With the economy shrinking and rising inflation in Pakistan, there is an acute shortage of anaesthetics in Lahore, and as a result, hundreds of surgeries have been postponed putting the lives of numerous critical patients at risk.
A shortage of anaesthetics in public and private hospitals has emerged allegedly due to the gross incompetence and negligence of the health authorities concerned, the Dawn newspaper reported.
A senior official has said that not only the Services Hospital Lahore is facing an acute shortage of the Ine drugsoflura, but all major government sector hospitals are trying hard to procure the drug.
The Federal Drug Administration (FDA) has approved the Isoflurane drug for inducing and maintenance of general anaesthesia.
This comes after the vendors stopped official supplies of the drug because of the depreciation of the Pakistrupee against the US dollar, he said.
The official added that the suppliers have denied to provide more drug consignments at the price that was decided while signing of the contracts with the government, local media reported.
Ali Jan, the health secretary of Pakistan, did not make the issue public and asked the heads to the institutes to arrange the drug on their own.
The Services Hospital Lahore purchased 20 vials (units) of the drug from a private hospital to perform surgeries of critical patients at the A and E, orthopedic, neurology, paediatric and other units of the hospital, the official said.
The official added that a request for 1,000 drug vials was submitted to the private hospital, however, the institute did not provide the drug in such a large quantity.
There is a short supply of the drug in the market, he said citing the administration of the private health facility adding that they have stocks only to meet its own needs.
The official added that the situation is similar in the Mayo Hospital, Punjab Institute of Cardiology, Sir Ganga Ram Hospital, and Shaikh Zayed Hospital in Lahore, local media reported.
Health department authorities have said that the authorities have provided the anaesthesia drug to a teaching hospital, and efforts are underway to address the shortage of the drug.
Earlier, The News International publication reported around 60 essential medicines, including suicide-prevention drugs, have vanished from the market due to the increase in the cost of production.
The government imposed heavy taxes on the active pharmaceutical ingredients (API) and other raw materials which has led to a spike in production costs.
Hundreds of patients are suffering due to shortage of important medicines as particular brands are not available in the market.
The publication revealed that several important medicines for the treatment of TB, epilepsy, Parkinson's disease, depression, cardiovascular disease and others were not available as pharmaceutical companies were not manufacturing them due to the high cost of production.
Qazi Mansoor Dilawar, the Chairman of the Pakistan Pharmaceutical Manufacturers' Association (PPMA), said that unless the prices of the medicines are increased by 30 to 40 per cent by the government or prices of medicines are deregulated, the unavailability of medicines would continue and feared that more companies could stop manufacturing several more medicines in the days to come. | https://health.economictimes.indiatimes.com/amp/news/industry/pak-acute-shortage-of-anaesthetics-in-lahore-hundreds-of-surgeries-postponed/93113145 | 2022-07-25T12:28:39Z | https://health.economictimes.indiatimes.com/amp/news/industry/pak-acute-shortage-of-anaesthetics-in-lahore-hundreds-of-surgeries-postponed/93113145 | true |
WASHINGTON (AP) — Treasury Secretary Janet Yellen on Sunday said the U.S. economy is slowing but pointed to healthy hiring as proof that it is not yet in recession.
Yellen spoke on NBC’s “Meet the Press” just before a slew of economic reports will be released this week that will shed light on an economy currently besieged by rampant inflation and threatened by higher interest rates. The data will cover sales of new homes, consumer confidence, incomes, spending, inflation, and overall output.
The highest-profile report will likely be Thursday, when the Commerce Department will release its first estimate of the economy’s output in the April-June quarter. Some economists forecast it may show a contraction for the second quarter in a row. The economy shrank 1.6% in the January-March quarter. Two straight negative readings is considered an informal definition of a recession, though in this case economists think that’s misleading.
Instead, the National Bureau of Economic Research — a nonprofit group of economists — defines a recession as “a significant decline in economic activity that is spread across the economy and lasts more than a few months.”
Yellen argued that much of the economy remains healthy: Consumer spending is growing, Americans’ finances, on average, are solid, and the economy has added more than 400,000 jobs a month this year, a robust figure. The unemployment rate is 3.6%, near a half-century low.
“We’ve got a very strong labor market,” Yellen said. “This is not an economy that’s in recession.”
Still, Yellen acknowledged the economy is “in a period of transition in which growth is slowing,” from a historically rapid pace in 2021.
She said that slowdown is “necessary and appropriate,” because “we need to be growing at a steady and sustainable pace.”
Slower growth could help bring down inflation, which at 9.1% is the highest in two generations.
Still, many economists think a recession is on the horizon, with inflation eating away at Americans’ ability to spend and the Federal Reserve rapidly pushing up borrowing costs. Last week, Bank of America’s economists became the latest to forecast a “mild recession” later this year.
And Larry Summers, the treasury secretary under President Bill Clinton, said on CNN’s “GPS” Sunday that “there’s a very high likelihood of recession,” as the Fed lifts interest rates to combat inflation. Those higher borrowing costs are intended to reduce consumer spending on homes and cars and slow business borrowing, which can lead to a downturn.
On Wednesday, the Federal Reserve is likely to announce its second 0.75% point increase in its short-term rate in a row, a hefty increase that it hasn’t otherwise implemented since 1994. That will put the Fed’s benchmark rate in a range of 2.25% to 2.5%, the highest level since 2018. Fed policymakers are expected to keep hiking until its rate reaches about 3.5%, which would be the highest since 2008.
The Fed’s hikes have torpedoed the housing market, as mortgage rates have doubled in the past year to 5.5%. Sales of existing homes have fallen for five straight months. On Tuesday, the government is expected to report that sales of new homes dropped in June.
Fewer home sales also means less spending on items that typically come with purchasing a new house, such as furniture, appliances, curtains, and kitchenware.
Many other countries are also grappling with higher inflation, and slower growth overseas could weaken the U.S. economy. Europe is facing the threat of recession, with soaring inflation and a central bank that just last week raised interest rates for the first time in 11 years.
European Central Bank President Christine Lagarde also sought to minimize recession concerns in an news conference last Thursday.
“Under the baseline scenario, there is no recession, neither this year nor next year,” Lagarde said. “Is the horizon clouded? Of course it is.” | https://wgntv.com/news/ap-top-headlines/yellen-downplays-us-recession-as-wave-of-economic-data-looms/ | 2022-07-25T12:28:39Z | https://wgntv.com/news/ap-top-headlines/yellen-downplays-us-recession-as-wave-of-economic-data-looms/ | false |
MEXICO CITY (AP) — Diana Kennedy, a tart-tongued British food writer devoted to Mexican cuisine, died Sunday. She was 99.
Kennedy spent much of her life learning and preserving the traditional cooking and ingredients of her adopted home, a mission that even in her 80s had her driving hundreds of miles across her adopted country in a rattling truck as she searched remote villages for elusive recipes.
Her nearly dozen cookbooks, including “Oaxaca al Gusto,” which won the 2011 James Beard Award for cookbook of the year, reflect a lifetime of groundbreaking culinary contributions and her effort to collect vanishing culinary traditions, a mission that began long before the rest of the culinary world was giving Mexican cooking the respect she felt it was due.
Her long-time friend Concepción Guadalupe Garza Rodríguez said that Kennedy died peacefully shortly before dawn Sunday at her home in Zitacuaro, about 100 miles west of Mexico City.
“Mexico is very grateful for her,” Garza Rodríguez said. Kennedy had had lunch at a local hotel on March 3 for her birthday, but during the past five weeks had mostly stayed in her room. Garza Rodríguez visited Kennedy last week and said she cried when they parted.
Mexico’s Culture Ministry said via Twitter Sunday that Kennedy’s “life was dedicated to discovering, compiling and preserving the richness of Mexican cuisine.”
“Diana understood as few do, that the conservation of nature is key to continue obtaining the ingredients that make it possible to keep creating the delicious dishes that characterize our cuisine,” the ministry said.
Her first cookbook, “The Cuisines of Mexico,” was written during long hours with home cooks across Mexico. It established Kennedy as the foremost authority on traditional Mexican cooking and remains the seminal work on the subject even four decades later. She described it as a gastronomy that humbled her and she credited those — usually women — who shared their recipes with her.
“Cooking teaches you that you’re not always in control,” she had said. “Cooking is life’s biggest comeuppance. Ingredients can fool you.”
She received the equivalent of knighthood in Mexico with the Congressional Order of the Aztec Eagle award for documenting and preserving regional Mexican cuisines. The United Kingdom also has honored her, awarding her a Member of the British Empire award for furthering cultural relations with Mexico.
Kennedy was born with an instinctive curiosity and love of food. She grew up in the United Kingdom eating what she called “good food, whole food,” if not a lot of food. During World War II, she was assigned to the Women Timber Corps, where food was simple and sometimes sparse — homemade bread, fresh cream, scones and berries on good days, nettle soup or buttered green beans when rations were lean.
Millions across Western Europe shared this simple sustenance, but for Kennedy these meals awakened an appreciation of flavor and texture that would last a lifetime.
She talked about her first mango — “I ate it in Jamaica’s Kingston harbor, standing in clear, blue warm sea, all that sweet, sweet juice” — the way some talk about their first crush.
Indeed, that first mango and her husband, Paul Kennedy, a New York Times correspondent, arrived in her life around the same time. He was on assignment in Haiti, she was traveling there. They fell in love and in 1957 she joined him in Mexico, where he was assigned.
Here a series of Mexican maids, as well as aunts, mothers and grandmothers of her new friends, gave Diana Kennedy her first Mexican cooking lessons — grinding corn for tamales, cooking rabbit in adobo. It was another culinary awakening. While her husband wrote about insurrections and revolutions, Kennedy traipsed a land that was, for her, “new, exciting and exotic,” sampling unique fruits, vegetables and herbs of various regions.
The couple moved to New York in 1966 when Paul Kennedy was dying of cancer.
Two years later, at the urging of New York Times food editor Craig Claiborne, she taught her first Mexican cooking class, hunting out ingredients in the Northeast to reproduce the bursting flavors of Mexico. Soon she was spending more of her time back in Mexico, establishing a retreat there that still serves as her home in the country.
In classes, cookbooks and lectures, her fundamental principal is simple: “There is never, ever, any excuse for bad food.”
She was known for her sharp-tongue commentary, even as her pioneering work helped turn Mexico into a culinary mecca for foodies and the world’s top chefs, and transformed a cuisine long dismissed as tortillas suffocated in heavy sauces, cheeses and sour cream.
She once told Jose Andres, James Beard Award winning chef and proprietor of an acclaimed Mexican restaurant, that his tamales were “bloody awful.”
She worried that famous chefs, who flocked to Mexico in recent years to study and experiment with the purity of the flora, fauna and flavors, were mixing the wrong ingredients.
“Many of them are using it as a novelty and do not know the things that go together,” she said. “If you are going to play around with ingredients, exotic ingredients, you’ve got to know how to treat them.”
Kennedy was fiercely private and guarded about who she let into her sustainable Mexican retreat near the city of Zitacuaro in the conflicted western state of Michoacan. No one was welcome unannounced. Cell phones were turned off and computers were kept in a writing studio. Her companions were her paid help, a staff who treated her like a dear friend, and several beloved — if somewhat fierce — dogs.
Growing in Kennedy’s vast and enchanting garden, remnants — and resurrections — of ancient culture climbed the stone walls. She worked hard to prevent the loss of local ingredients, creating a rolling farm of indigenous herbs and other produce. The growing continued in a vine-filled atrium in the center of her home, a steamy culinary paradise of vanilla, oregano, mint, bananas, and countless local herbs.
“Rebellious activist, an absolute defender of the environment, Diana Kennedy was and continues to be the best example of care for the environment and its biodiversity,” her editor Ana Luisa Anza wrote in a remembrance Sunday. She wrote that years ago Kennedy had set reaching the age of 100 as a goal to conclude her life’s work.
In 2019, the documentary “Diana Kennedy: Nothing Fancy,” showed a still feisty Kennedy relishing in the production of her garden and driving the bumpy roads of Zitacuaro.
In her later years, Kennedy had said she wanted to slow down, but couldn’t.
“There are so many more recipes out there, handed down mother to daughter that are going to be lost. There are seeds and herbs and roots that could disappear. There is absolutely so much more that needs to be done!” she said.
___
AP journalist Martha Mendoza contributed. | https://wgntv.com/news/international/ap-international/diana-kennedy-food-writer-devoted-to-mexico-dies-at-99/ | 2022-07-25T12:29:20Z | https://wgntv.com/news/international/ap-international/diana-kennedy-food-writer-devoted-to-mexico-dies-at-99/ | true |
COLMAR, Pa. (AP) _ Dorman Products Inc. (DORM) on Monday reported second-quarter profit of $37.9 million.
The Colmar, Pennsylvania-based company said it had net income of $1.20 per share. Earnings, adjusted for one-time gains and costs, came to $1.29 per share.
The distributor of parts to automotive retailers posted revenue of $417.4 million in the period.
Dorman Products expects full-year earnings in the range of $5 to $5.20 per share, with revenue in the range of $1.6 billion to $1.64 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DORM at https://www.zacks.com/ap/DORM | https://www.beaumontenterprise.com/business/article/Dorman-Products-Q2-Earnings-Snapshot-17326723.php | 2022-07-25T12:31:51Z | https://www.beaumontenterprise.com/business/article/Dorman-Products-Q2-Earnings-Snapshot-17326723.php | false |
Wellness is something we all want — to be well, even as the world crumbles around us. But as shows such as “The White Lotus” and “Nine Perfect Strangers” demonstrate, wellness has become a commodity, geared toward the wealthy, White and able-bodied, who seek to shiatsu and savasana their way out of late-capitalism though mindfulness, dewy skin and a Pilates-sculpted core. For less-privileged others, wellness is an unattainable luxury, gatekept by racism, ableism and fatphobia, and thus cordoned off from those who need it most, e.g. the poor, workers, queer and trans folks, and people of color. Indeed, as online essays on toxic wellness culture and recent books like Kerri Kelly’s “American Detox” and Dalia Kinsey’s “Decolonizing Wellness” argue, wellness is not well.
Fariha Róisín’s new book, “Who Is Wellness For? An Examination of Wellness Culture and Who It Leaves Behind,” tracks the author’s “own personal experience of needing wellness,” while simultaneously examining the wellness industrial complex and its failures. Róisín, author of the poetry collection “How to Cure a Ghost” (2019) and the novel “Like a Bird” (2020), identifies as a queer Bangladeshi Muslim, part of a new generation of Black and Brown women of color writers who — following in the tradition of Black feminist poet-scholar-activists such as Audre Lorde, June Jordan and bell hooks (all of whom Róisín names as heroes) — take up themes of trauma and identity through a social justice lens. For Róisín, healing and self-discovery are closely tied to collective reckonings with lived legacies of racism and colonialism, as well as sexism and homophobia. As “Who Is Wellness For?” argues, healing is an integral — if not the most — important step toward liberation from such legacies.
Róisín’s journey begins with her desire to heal from her mentally ill mother’s psychological, physical and sexual abuse, which she describes in the book’s opening as leaving her body “forever in a state of distress.” The abuse is compounded by the author’s ever-increasing awareness of being a queer Brown Muslim woman in a White settler-colonial world. Róisín, who grew up in Australia, and later moved to Montreal and New York City, writes harrowingly of her inability to escape — as she quotes from psychiatrist Bessel van der Kolk’s best-selling title, “The Body Keeps the Score.”
Soon, she encounters her trauma not only in her thoughts, but in her body — as she struggles with severe body dysmorphia and irritable bowel syndrome — and her relationships, which are fraught with manipulation and harm. Yet the search for “wellness” continually brings Róisín to spaces that amplify her trauma — an all-White yoga studio in Montreal, a massage therapist who speaks dismissively of Dylan Farrow’s abuse allegations, toxic female friendships.
The book takes readers through what Róisín describes as the four aspects of wellness — mind, body, self-care and justice. Through each section, she acts simultaneously as subject and scholar, sharing her own stories of struggle and healing, which are peppered through with academic and scholarly references. This works well at times, for example when Róisín describes how early in her healing journey, she encounters yoga, surmising that she is drawn to it at age 13 because “it was the closest tangible understanding that I had to being South Asian.” While there have been numerous critiques of yoga’s cultural appropriation (and corruption) by White practitioners in the West, “Who Is Wellness For?” astutely takes such criticism a step further, highlighting how British colonizers approved of particular forms of yoga as practiced by upper caste Indians, while displacing those of the homeless and poor.
At other times, however, Róisín’s narrative shifts can be jarring, moving abruptly between her personal experience and academic analysis. And while the book is critical of the wellness industry’s decontextualization of its practices’ cultural, ethnic and spiritual origins, Róisín herself often cites Black and Indigenous women scholars and writers (such as Lorde, Jordan, and hooks, as well as Robin Wall Kimmerer, Winona LaDuke and Leanne Betasamosake Simpson) with little engagement with the histories of violence and struggle that produced their desire to heal. Further, while being Muslim is a central part of Róisín’s identity, the book gives short shrift to Islam, in particular its vast teachings on holistic health and healing, as well as its rich history of liberation for Black Americans.
So, who is wellness for? Róisín’s poignant response to her own question is that our healing must be collective, accessible and available to all: “Wellness isn’t for anyone if it isn’t for everyone. Otherwise, it’s a paradox.” This may be the book’s most important takeaway — that what we need isn’t “wellness,” but a justice-based ethos of reciprocity, compassion and care.
Sylvia Chan-Malik is an associate professor of American studies and women and gender studies at Rutgers University and the author of “Being Muslim: A Cultural History of Women of Color and American Islam.”
Who Is Wellness For?
An Examination of Wellness Culture and Who It Leaves Behind
By Fariha Róisín
Harper Wave. 320 pp. $26.99
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites. | https://www.washingtonpost.com/books/2022/07/25/wellness-book-privilege/ | 2022-07-25T12:36:16Z | https://www.washingtonpost.com/books/2022/07/25/wellness-book-privilege/ | false |
BEIJING, July 25, 2022 /PRNewswire/ -- NaaS Technology Inc. (NASDAQ: NAAS, "NaaS" or "the Company"), a leading electric vehicle (EV) charging service provider in China, and NavInfo's smart charging integration solutions subsidiary Ohways recently signed an agreement where both parties will integrate their abundant resources and strong capabilities in smart EV mobility and charging services, to jointly provide auto OEMs and EV owners with smart digital power solutions and an industry-leading charging experience.
As a leading product driving NavInfo's expansion into the EV sector, Ohways offers smart mobility services and commercial operations solutions. With deep integration of EV charging data and services across the whole industry chain, Ohways can deliver one-stop solutions for OEMs, fleet operators and other partners - offering services ranging from supplying power sources to charging efficiency evaluations. To date, Ohways' partners include Ford, Toyota, Honda, Audi, BMW, Mercedes-Benz and Wuling, among other leading global auto manufacturers.
The partnership will make it easier for EV owners to find chargers with minimum worries and hassles, by leveraging Internet+'s strengths. This is achieved by allowing NaaS to connect its nationwide digital charging network to in-vehicle dashboards and consoles, as well as to the mobile apps of Ohways' partner OEMs. In terms of smart mobility, the two parties will provide OEMs with EV charger route planning, smart discovery, and personalized recommendations, while building a sound ecosystem for smart connected mobility.
The cooperation will be formally launched and initiated within next three months, with the service becoming available in the major models of 10 different car brands, including Ford, Toyota, Lexus, Mercedes-Benz, Dongfeng Nissan and BYD.
"Intelligent transportation is undergoing a period of rapid development and will become a key component of the world's future smart cities," says Liang Xing, Vice President of Operations, NaaS. "We will work with Ohways to enhance the integration of resources, the upgrade of EV charging services, and the digitalization of energy supplies, while advancing the development of smart vehicles and digital transportation, with the goal of making a contribution to China's dual carbon goals."
As one of the largest and fastest-growing renewable energy service providers in China, NaaS provides a wide range of one-stop solutions to charging pile manufacturers and operators, OEMs, and other industry players to make energy delivery more efficient, via the deployment of digital technologies throughout the whole industry chain. Based on the Company's strong capabilities in cloud computing, smart algorithms and big data services, NaaS helps OEMs digitally align with customer needs, the data from EV scenarios, and charging services, creating a new Energy + Scenario-based Intelligent charging experience.
To date, NaaS has deployed its EV charging services in NIO's, FAW's, Volkswagen's and Voyah's most popular models as well as those of other car brands. As of the end of 2021, the Company had connected 290,000 charging piles in 288 cities. In 2021, a total of 1,233 Gigawatt hours were charged through NaaS' network, accounting for 18% of China's public charging market for the year.
"NaaS, a leading renewable energy services provider in China, is dedicated to developing one-stop charging service solutions for drivers, with strong resources and experiences in the EV charging sector," says Wang Ying, Co-founder and CEO of Ohways. "The collaboration will allow the two firms to integrate their respective capabilities to give OEMs a new smart charging experience, and create smart cabins as part of our joint efforts to build a new ecosystem of smart connected vehicles."
About NaaS Technology Inc.
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SOURCE NaaS | https://www.kbtx.com/prnewswire/2022/07/25/naas-technology-partners-with-navinfos-subsidiary-ohways-jointly-develop-new-smart-charging-ecosystem/ | 2022-07-25T12:36:25Z | https://www.kbtx.com/prnewswire/2022/07/25/naas-technology-partners-with-navinfos-subsidiary-ohways-jointly-develop-new-smart-charging-ecosystem/ | false |
Nearly 5,400 terminally ill people in the nation have used medical aid in dying laws to obtain prescription drugs to end their lives, a first-of-its kind study led by a Rutgers School of Public Health has found.
About 70% of the people who used the law to die over the last 23 years were diagnosed with cancer. They were also overwhelmingly white (96%), typically in their mid-70s, and educated — with three out of four having attended college or graduated with at least one a degree, according to an article in the Journal of the American Geriatrics Society last month.
The 95 New Jerseyans who used the law to die since it took effect in August 2019 reflect the same demographics. Of the 50 people who died last year, 70% had a cancer diagnosis, 70% were college attendees or graduates and 94% were white, according to Health Department data. (The 2021 state data was not available in time to be included in the Rutgers study.)
Understanding the characteristics of the people who use the law is important because it raises questions about whether this end-of-life option is broadly and equitably available, said Elissa Kozlov, the study’s lead author and an instructor at the Rutgers School of Public Health. The fact that minorities and people who did not go to college are not well represented may reflect personal choice. But it could mean the option is out of reach to them and the law is inequitable, she said.
Kozlov said she can only speculate why only some people use the law. Collecting the data is the first step toward more in-depth research.
“Further research in this area is necessary because although MAID (medical aid in dying) will likely never account for more than a small portion of deaths, it is becoming more common in the states where it is legal, and it’s currently on the legislative agenda of another 14 states,” Kozlov said.
Cost could be a factor. Patients must pay out of pocket for the physician visits that are required in order to get the prescription, and for the combination of lethal medication. There is no national aid in dying law and therefore Medicare will not cover these expenses, Kozlov said.
In New Jersey, the life-ending medications cost about $1,000, said Robin Plumer, a physician whose practice, Compassionate Endings NJ, promotes itself as the only one in the state focused on aid in dying.
Using the law also takes effort, which may be too taxing for terminally ill patients and their families. Few doctors and pharmacists are willing to help someone die, and most do not advertise these services. Compassionate Endings NJ has helped 50 New Jerseyans, predominately in south and central Jersey, end their lives.
Patients and their families may run out of time before they find the help they need. Patients have to verbally ask their doctor twice over the span of 15 days and submit a request in writing stating they had been “fully informed” of the benefits of palliative care, the availability of pain control and other alternatives. A second physician would need to verify the diagnosis.
Trust is also a barrier, especially among Black people. There is ample research documenting the mistrust Black people have for medical institutions as well as evidence that minorities do not have access to the same quality of care, Kozlov said.
Terminally ill people learn about the medical aid in dying law typically when they are receiving palliative care, a medical discipline that focuses on easing the symptoms of a serious illness. But Black people use palliative care at a far lower rate than white people, said Brandi Alexander, the national director of Community Engagement for Compassion & Choices, an organization that advocates for the passage of aid in dying laws.
About 82% of hospice patients in 2018 were white (who represent 75.8% of the U.S. population), compared to 8.2% for African Americans (who represent 13.6% of the U.S. population) and 6.7% for Hispanics (who represent 18.9% of the population), according to the National Hospice & Palliative Care Organization and Census Bureau, respectively, Alexander wrote in an email.
This disparity “highlights the larger problems of access to care and lack of information that underserved communities face when trying to get care,” Alexander said. “What we are finding in the usage data from authorized states is similar to the trend in all healthcare, including medical aid in dying, hospice care, palliative care and other end-of-life care options. Communities of color are not accessing any of them at the same rate as white Americans.”
A national poll in 2016 found that that while 73% of white people and 67% of Latinos expressed support for aid in dying, 53% of Black people agreed with the statement: “Physicians should be allowed to assist terminally ill patients in ending their life.”
Alexander said more frank discussions about treatment options would help overcome resistance in minority communities to end-of-life planning, Alexander said.
But cultural, economic and personal conflicts abound, Alexander said, ranging from religious beliefs, a desire for more aggressive medical treatment, mistrust of the health care system and “a lack of knowledge of services or myths about hospice.”
Ten states have aid in dying laws: Oregon, Washington, California, Colorado, Hawaii, New Jersey, Maine, Montana, New Mexico, Vermont and Washington D.C.
The Rutgers study is based on data from 1998, the year after Oregon enacted the first medical aid in dying law, through 2020. Doctors have issued 8,451 prescriptions to assist terminally ill patients in Oregon, Washington, California, Colorado, Vermont, New Jersey, and Maine, according to the article.
It’s not unusual for people to not use the medication, either because they change their minds or die before taking it. The data reflecting the 5,329 people who used the prescription to die is from Oregon, Washington DC, and Hawaii.
The other authors of the study are Molly Nowels, Michael Gusmano, Muhammed Habib, and Paul Duberstein.
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—
Susan K. Livio may be reached at slivio@njadvancemedia.com. Follow her on Twitter @SusanKLivio. | https://www.nj.com/healthfit/2022/07/more-than-5k-americans-took-their-own-lives-using-aid-in-dying-laws-rutgers-study-finds.html | 2022-07-25T12:40:25Z | https://www.nj.com/healthfit/2022/07/more-than-5k-americans-took-their-own-lives-using-aid-in-dying-laws-rutgers-study-finds.html | false |
– Data analyses of onabotulinumtoxinA (BOTOX®) in adult patients with chronic migraine, cervical dystonia, overactive bladder, spasticity, and pediatric patients with neurogenic detrusor overactivity provide further insights on real-world utilization and long-term use
– Study results on onabotulinumtoxinA (BOTOX® Cosmetic) in moderate to severe forehead lines, lateral canthal lines, and glabellar lines to be presented
– Company to share advances in aesthetic medicine, including investigational results from a Phase 2b study in patients with masseter muscle hypertrophy
NORTH CHICAGO, Ill., July 25, 2022 /PRNewswire/ -- AbbVie (NYSE: ABBV) and Allergan Aesthetics announced today that more than 30 abstracts, including seven podium presentations, will be presented during the upcoming TOXINS 2022 Conference, July 27-30 in New Orleans. Clinical studies, health economics, preclinical research, and real-world utilization data will highlight onabotulinumtoxinA (BOTOX® and BOTOX® Cosmetic) across approved and investigational indications.
"For more than 32 years, we have remained committed to advancing neurotoxin science to better address the unmet needs of patients across a variety of conditions and our work continues," said Mitchell F. Brin, M.D., senior vice president, chief scientific officer, BOTOX® & Neurotoxins, AbbVie. "Our data at TOXINS reinforce not only our leadership in neurotoxin research and development, but also our commitment to provide world-class medical education to help accelerate scientific knowledge and technical skills that can help improve patient outcomes."
At the meeting, researchers will present data on the use of onabotulinumtoxinA in chronic migraine, pediatric neurogenic detrusor overactivity, overactive bladder, cervical dystonia, and spasticity. Notable data will include an analysis from the CD-PROBE study, which evaluated the safety and efficacy of onabotulinumtoxinA in difficult-to-treat cervical dystonia postures: anterocollis and retrocollis.
Additionally, the company will share advances in aesthetic medicine, including new data on onabotulinumtoxinA in moderate to severe forehead lines, lateral canthal lines, and glabellar lines. Investigational results will also be presented from a phase 2b study of onabotulinumtoxinA in patients with masseter muscle hypertrophy.
"Our deep scientific focus continues to drive exciting innovations in aesthetic medicine," said Darin Messina, senior vice president, global head of aesthetics R&D, AbbVie. "We look forward to presenting results from our phase 2 dose-escalation study of onabotulinumtoxinA in masseter muscle prominence, a known area of aesthetic concern for a growing number of patients."
Key abstracts and presentation details for the TOXINS 2022 conference are outlined below.
In addition to posters being displayed at the TOXINS 2022 conference, there will also be a virtual poster hall on the International Neurotoxin Association website here where posters will be available for viewing by conference attendees for six months after the conference. The full TOXINS 2022 conference program can be found here.
About BOTOX®
BOTOX® (onabotulinumtoxinA) U.S. Important Information
IMPORTANT SAFETY INFORMATION
BOTOX® (onabotulinumtoxinA) and BOTOX® Cosmetic may cause serious side effects that can be life threatening. Get medical help right away if you have any of these problems any time (hours to weeks) after injection of BOTOX or BOTOX Cosmetic:
- Problems swallowing, speaking, or breathing, due to weakening of associated muscles, can be severe and result in loss of life. You are at the highest risk if these problems are preexisting before injection. Swallowing problems may last for several months.
- Spread of toxin effects. The effect of botulinum toxin may affect areas away from the injection site and cause serious symptoms, including loss of strength and all-over muscle weakness; double vision; blurred vision; drooping eyelids; hoarseness or change or loss of voice; trouble saying words clearly; loss of bladder control; trouble breathing; and trouble swallowing.
There has not been a confirmed serious case of spread of toxin effect away from the injection site when BOTOX has been used at the recommended dose to treat chronic migraine, severe underarm sweating, blepharospasm, strabismus, or when BOTOX Cosmetic has been used at the recommended dose to treat frown lines, crow's feet lines, and/or forehead lines.
INDICATIONS
BOTOX is a prescription medicine that is injected into muscles and used:
- To treat overactive bladder symptoms such as a strong need to urinate with leaking or wetting accidents (urge urinary incontinence), a strong need to urinate right away (urgency), and urinating often (frequency) in adults 18 years and older when another type of medicine (anticholinergic) does not work well enough or cannot be taken
- To treat leakage of urine (incontinence) in adults 18 years and older with overactive bladder due to a neurologic disease when another type of medicine (anticholinergic) does not work well enough or cannot be taken
- To treat overactive bladder due to a neurologic disease in children 5 years of age and older when another type of medicine (anticholinergic) does not work well enough or cannot be taken
- To prevent headaches in adults with chronic migraine who have 15 or more days each month with headache lasting 4 or more hours each day in people 18 years and older
- To treat increased muscle stiffness in people 2 years of age and older with spasticity
- To treat the abnormal head position and neck pain that happens with cervical dystonia (CD) in people 16 years and older
- To treat certain types of eye muscle problems (strabismus) or abnormal spasm of the eyelids (blepharospasm) in people 12 years of age and older
BOTOX is also injected into the skin to treat the symptoms of severe underarm sweating (severe primary axillary hyperhidrosis) when medicines used on the skin (topical) do not work well enough in people 18 years and older.
BOTOX Cosmetic is a prescription medicine that is injected into muscles and used to temporarily improve the look of moderate to severe forehead lines, crow's feet lines, and frown lines between the eyebrows in adults.
It is not known whether BOTOX and BOTOX Cosmetic are safe and effective to prevent headaches in patients with migraine who have 14 or fewer headache days each month (episodic migraine).
BOTOX has not been shown to help people perform task-specific functions with their upper limbs or increase movement in joints that are permanently fixed in position by stiff muscles.
It is not known whether BOTOX and BOTOX Cosmetic are safe and effective for severe sweating anywhere other than your armpits.
It is not known if BOTOX Cosmetic is safe and effective for use more than 1 time every 3 months.
IMPORTANT SAFETY INFORMATION (continued)
BOTOX and BOTOX Cosmetic may cause loss of strength or general muscle weakness, vision problems, or dizziness within hours to weeks of receiving BOTOX or BOTOX Cosmetic. If this happens, do not drive a car, operate machinery, or do other dangerous activities.
Do not receive BOTOX or BOTOX Cosmetic if you are allergic to any of its ingredients (see Medication Guide for ingredients); had an allergic reaction to any other botulinum toxin product such as Myobloc® (rimabotulinumtoxinB), Dysport® (abobotulinumtoxinA), or Xeomin® (incobotulinumtoxinA); have a skin infection at the planned injection site.
Do not receive BOTOX for the treatment of urinary incontinence if you have a urinary tract infection (UTI) or cannot empty your bladder on your own and are not routinely catheterizing. Due to the risk of urinary retention (difficulty fully emptying the bladder), only patients who are willing and able to initiate catheterization posttreatment, if required, should be considered for treatment.
Patients treated for overactive bladder: In clinical trials, 36 of the 552 patients had to self-catheterize for urinary retention following treatment with BOTOX compared to 2 of the 542 treated with placebo. The median duration of postinjection catheterization for these patients treated with BOTOX 100 Units (n = 36) was 63 days (minimum 1 day to maximum 214 days), as compared to a median duration of 11 days (minimum 3 days to maximum 18 days) for patients receiving placebo (n = 2). Patients with diabetes mellitus treated with BOTOX were more likely to develop urinary retention than nondiabetics.
Adult patients treated for overactive bladder due to neurologic disease: In clinical trials, 30.6% of adult patients (33/108) who were not using clean intermittent catheterization (CIC) prior to injection required catheterization for urinary retention following treatment with BOTOX 200 Units, as compared to 6.7% of patients (7/104) treated with placebo. The median duration of postinjection catheterization for these patients treated with BOTOX 200 Units (n = 33) was 289 days (minimum 1 day to maximum 530 days), as compared to a median duration of 358 days (minimum 2 days to maximum 379 days) for patients receiving placebo (n = 7).
Among adult patients not using CIC at baseline, those with MS were more likely to require CIC postinjection than those with SCI.
The dose of BOTOX and BOTOX Cosmetic is not the same as, or comparable to, any other botulinum toxin product.
Serious and/or immediate allergic reactions have been reported, including itching; rash; red, itchy welts; wheezing; asthma symptoms; dizziness; or feeling faint. Get medical help right away if you experience symptoms; further injection of BOTOX or BOTOX Cosmetic should be discontinued.
Tell your doctor about all your muscle or nerve conditions, such as ALS or Lou Gehrig's disease, myasthenia gravis, or Lambert-Eaton syndrome, as you may be at increased risk of serious side effects, including difficulty swallowing and difficulty breathing from typical doses of BOTOX or BOTOX Cosmetic.
Tell your doctor if you have any breathing-related problems. Your doctor may monitor you for breathing problems during treatment with BOTOX for spasticity or for detrusor overactivity associated with a neurologic condition. The risk of developing lung disease in patients with reduced lung function is increased in patients receiving BOTOX.
Cornea problems have been reported. Cornea (surface of the eye) problems have been reported in some people receiving BOTOX for their blepharospasm, especially in people with certain nerve disorders. BOTOX may cause the eyelids to blink less, which could lead to the surface of the eye being exposed to air more than is usual. Tell your doctor if you experience any problems with your eyes while receiving BOTOX. Your doctor may treat your eyes with drops, ointments, contact lenses, or with an eye patch.
Bleeding behind the eye has been reported. Bleeding behind the eyeball has been reported in some people receiving BOTOX for their strabismus. Tell your doctor if you notice any new visual problems while receiving BOTOX.
Bronchitis and upper respiratory tract infections (common colds) have been reported. Bronchitis was reported more frequently in adults receiving BOTOX for upper limb spasticity. Upper respiratory infections were also reported more frequently in adults with prior breathing-related problems with spasticity. In pediatric patients treated with BOTOX for upper limb spasticity, upper respiratory tract infections were reported more frequently. In pediatric patients treated with BOTOX for lower limb spasticity, upper respiratory tract infections were not reported more frequently than placebo.
Autonomic dysreflexia in patients treated for overactive bladder due to a neurologic disease. Autonomic dysreflexia associated with intradetrusor injections of BOTOX could occur in patients treated for detrusor overactivity associated with a neurologic condition and may require prompt medical therapy. In clinical trials, the incidence of autonomic dysreflexia was greater in adult patients treated with BOTOX 200 Units compared with placebo (1.5% versus 0.4%, respectively).
Tell your doctor about all your medical conditions, including if you have or have had bleeding problems; have plans to have surgery; had surgery on your face; have weakness of forehead muscles, trouble raising your eyebrows, drooping eyelids, and any other abnormal facial change; have symptoms of a UTI and are being treated for urinary incontinence (symptoms of a UTI may include pain or burning with urination, frequent urination, or fever); have problems emptying your bladder on your own and are being treated for urinary incontinence; are pregnant or plan to become pregnant (it is not known if BOTOX or BOTOX Cosmetic can harm your unborn baby); are breastfeeding or plan to (it is not known if BOTOX or BOTOX Cosmetic passes into breast milk).
Tell your doctor about all the medicines you take, including prescription and over-the-counter medicines, vitamins, and herbal supplements. Using BOTOX or BOTOX Cosmetic with certain other medicines may cause serious side effects. Do not start any new medicines until you have told your doctor that you have received BOTOX or BOTOX Cosmetic in the past.
Tell your doctor if you have received any other botulinum toxin product in the last 4 months; have received injections of botulinum toxin such as Myobloc®, Dysport®, or Xeomin® in the past (tell your doctor exactly which product you received); have recently received an antibiotic by injection; take muscle relaxants; take an allergy or cold medicine; take a sleep medicine; take aspirin-like products or blood thinners.
Other side effects of BOTOX and BOTOX Cosmetic include dry mouth; discomfort or pain at the injection site; tiredness; headache; neck pain; eye problems such as double vision, blurred vision, decreased eyesight, drooping eyelids, swelling of your eyelids, and dry eyes; drooping eyebrows; and upper respiratory tract infection. In adults being treated for urinary incontinence, other side effects include UTI and painful urination. In children being treated for urinary incontinence, other side effects include UTI and bacteria in the urine. In patients being treated for urinary incontinence, another side effect includes the inability to empty your bladder on your own. If you have difficulty fully emptying your bladder on your own after receiving BOTOX, you may need to use disposable self-catheters to empty your bladder up to a few times each day until your bladder is able to start emptying again.
For more information, refer to the Medication Guide or talk with your doctor.
You are encouraged to report negative side effects of prescription drugs to the FDA.
Visit www.fda.gov/medwatch or call 1-800-FDA-1088.
If you are having difficulty paying for your medicine, AbbVie may be able to help.
Visit AbbVie.com/myAbbVieAssist to learn more.
Please see BOTOX® full Product Information, including Boxed Warning and Medication Guide.
Please see BOTOX® Cosmetic full Product Information, including Boxed Warning and Medication Guide
About Allergan Aesthetics
Allergan Aesthetics, an AbbVie company, develops, manufactures, and markets a portfolio of leading aesthetics brands and products. Their aesthetics portfolio includes facial injectables, body contouring, plastics, skin care, and more. Their goal is to consistently provide customers worldwide with innovation, education, exceptional service, and a commitment to excellence, all with a personal touch. www.AllerganAesthetics.com
About AbbVie
AbbVie's mission is to discover and deliver innovative medicines that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people's lives across several key therapeutic areas: immunology, oncology, neuroscience, eye care, virology, women's health and gastroenterology, in addition to products and services across its Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on Twitter, Facebook, Instagram, YouTube and LinkedIn.
Forward-Looking Statements
Some statements in this news release are, or may be considered, forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "anticipate," "project" and similar expressions, among others, generally identify forward-looking statements. AbbVie cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to, failure to realize the expected benefits from AbbVie's acquisition of Allergan plc ("Allergan"), failure to promptly and effectively integrate Allergan's businesses, competition from other products, challenges to intellectual property, difficulties inherent in the research and development process, adverse litigation or government action, changes to laws and regulations applicable to our industry and the impact of public health outbreaks, epidemics or pandemics, such as COVID-19. Additional information about the economic, competitive, governmental, technological and other factors that may affect AbbVie's operations is set forth in Item 1A, "Risk Factors," of AbbVie's 2021 Annual Report on Form 10-K, which has been filed with the Securities and Exchange Commission, as updated by its subsequent Quarterly Reports on Form 10-Q. AbbVie undertakes no obligation to release publicly any revisions to forward-looking statements as a result of subsequent events or developments, except as required by law.
View original content:
SOURCE AbbVie | https://www.kmvt.com/prnewswire/2022/07/25/abbvie-allergan-aesthetics-present-new-data-leading-neurotoxin-portfolio-toxins-2022-conference/ | 2022-07-25T12:41:11Z | https://www.kmvt.com/prnewswire/2022/07/25/abbvie-allergan-aesthetics-present-new-data-leading-neurotoxin-portfolio-toxins-2022-conference/ | true |
WEST MONROE, LA. – (07/25/22)
TODAY: Happy Monday! It will be a hot one to kick off the new work week. Look for highs in the upper 90s to lower 100s under partly cloudy skies this afternoon with heat index values 105 or greater. Heat advisories have been issued for the entire ArkLaMiss until later this evening, but they get extended. With enough daytime heating and moisture in place, a few showers may pop up during the afternoon. No severe weather is expected.
TONIGHT: The last of the rain will wrap up before tonight. Lows will settle into the upper 70s to near 80 with a few clouds and winds out of the south at 5-10 mph.
LOOKING AHEAD: We will not see much rainfall through the remainder of the work week, but those hot temperatures are here to stay. Most of us will see highs in the upper 90s and low triple digits with partly cloudy skies.
Next chance for rain could come by Friday and the weekend. A possible disturbance and front will arrive, increasing our chances for showers and storms. No severe weather is expected yet, and the rain could do us a favor; cooling our temperatures back into the lower 90s by the weekend.
Have a great Monday!
-Lexi
Facebook: Meteorologist Lexi Birmingham
Twitter: @LexiBirmWX | https://www.myarklamiss.com/weather/morning-forecast-tuesday-july-25th/ | 2022-07-25T12:52:55Z | https://www.myarklamiss.com/weather/morning-forecast-tuesday-july-25th/ | true |
Andhra Pradesh: Electricity employees waiting for PRC recommendations
VIJAYAWADA July 25, 2022 18:01 ISTFixing a single master scale, 45% fitment hike and unlimited medical policy are among the demands
The power sector employees in Andhra Pradesh are eagerly waiting for the recommendations of retired IAS officer Manmohan Singh on the Revised Pay Scales (RPS) to be effective from April 1, 2022.
Mr. Singh is heading the one-member Pay Revision Commission (PRC) which is constituted every four years. He is mandated to submit a report to the government by August 7.
The term of the previous PRC expired on March 31, 2022. A team of officials led by AP-Transco Joint Managing Director (Human Resources & Administration) I. Prudhvi Tej and Directors (Finance) of the power utilities is assisting Mr. Singh in formulating the RPS.
Initially, the State government wanted to revise the salaries in tune with the Central Pay Commission’s recommendations, which will be once in a decade, but had given it up due to stiff resistance from the employees.
Andhra Pradesh State Power Employees’ Joint Action Committee (JAC) convener B. Sai Krishna told The Hindu that the employees’ main demands are fixing of a single master scale, 45% fitment hike, an unlimited medical policy and pensions to employees on par with the that being drawn by government employees who joined the service between February 1, 1999 and August 31, 2004.
Retirement age
Besides, the employees wish to have 62 years as the age for superannuation. The retirement age has been increased by the government to 62 years recently, but it is not yet made applicable to corporations among some other institutions.
The employees now have two scales—one for non-workmen (sub-engineer to chief engineer and junior accounts officer to deputy chief controlling accounts officer) and the other for workmen (O&M staff).
Last but not the least is the demand for direct payment of wages to contract labourers instead of through some agencies. | https://www.thehindu.com/news/national/andhra-pradesh/andhra-pradesh-electricity-employees-waiting-for-prc/article65680845.ece/amp/ | 2022-07-25T12:53:44Z | https://www.thehindu.com/news/national/andhra-pradesh/andhra-pradesh-electricity-employees-waiting-for-prc/article65680845.ece/amp/ | true |
WACO, Texas — The annual deep in the heart film festival has come to a close but the true meaning behind bringing film makers to the City of Waco was felt at today's award ceremony as tears of joy and excitement filled the room at the Art Center Waco. Filmmakers sat the edge of their seats as they announce the winner of various categories. Filmmaker Melissa Bronski shares what a big deal this is for her peers, a symbol "that you are heading in the right direction."
Local directors Savannah Sivert and Taylor Hinds shares their vision of bringing their art to Waco"plant roots" in Texas. A similar task by local community members as they strive to bring a voice to the voiceless. Art center Waco Dough McDurham express the "great opportunities" the "Deep in the Heart Film Festival" bring to Waco for films and much more.
To showcase across the world that Waco is made for movies. For more information on the festival you can visit their website. | https://www.kxxv.com/hometown/mclennan-county/filmmakers-honored-on-the-last-day-of-the-deep-in-the-heart-film-festival | 2022-07-25T12:53:55Z | https://www.kxxv.com/hometown/mclennan-county/filmmakers-honored-on-the-last-day-of-the-deep-in-the-heart-film-festival | true |
STATEN ISLAND, N.Y., July 25, 2022 /PRNewswire/ -- Acurx Pharmaceuticals, Inc. (NASDAQ: ACXP) ("Acurx" or the "Company"), a clinical-stage biopharmaceutical company developing a new class of antibiotics for difficult-to-treat bacterial infections, today announced that it has entered into definitive agreements with a single healthcare-focused U.S. institutional investor and certain executives of the Company for the purchase and sale of an aggregate of 1,289,980 shares of its common stock (which includes 130,769 pre-funded warrants to purchase shares of its common stock being sold to the U.S. institutional investor) at a purchase price per share of $3.25 (or $3.2499 per pre-funded warrant, which represents the per share offering price for the common stock less the $0.0001 per share exercise price for each pre-funded warrant) for the U.S. institutional investor and $3.80 per share for the Company's executives, pursuant to a registered direct offering. The Company has also agreed to issue to each investor, in a concurrent private placement, series A unregistered warrants (the "Series A Warrants") to purchase up to 1,289,980 shares of the Company's common stock and series B unregistered warrants (the "Series B Warrants") to purchase up to 1,289,980 shares of the Company's common stock. The Series A Warrants and Series B Warrants being sold to the U.S. institutional investor will each have an exercise price of $3.25 per share, will each be exercisable on the six-month anniversary of the issuance date and will expire five years from the date of initial exercisability and one year from the date of initial exercisability, respectively. The Series A Warrants and Series B Warrants being sold to the executives of the Company will each have an exercise price of $3.55 per share, will be exercisable on the six-month anniversary of the issuance date and will expire five years from the date of initial exercisability and one year from the date of initial exercisability, respectively.
The closing of the registered direct offering and the concurrent private placement is expected to occur on or about July 27, 2022, subject to the satisfaction of customary closing conditions. The gross proceeds from the offering are expected to be approximately $4.225 million. The Company intends to use the net proceeds from the offering for general corporate purposes.
A.G.P./Alliance Global Partners is acting as lead placement agent and Maxim Group LLC is acting as co-placement agent for the offering and the concurrent private placement.
The offering of the common stock and pre-funded warrants is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-265956) previously filed with the U.S. Securities and Exchange Commission (the "SEC"). A prospectus supplement describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov. Electronic copies of the prospectus supplement may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at prospectus@allianceg.com, or from Maxim Group LLC, 300 Park Avenue, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@maximgrp.com or telephone at (212) 895-3745.
The Series A Warrants and Series B Warrants described above are being issued in a concurrent private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the "Act"), and Regulation D promulgated thereunder and, along with the common stock underlying such warrants, have not been registered under the Act, or applicable state securities laws. Accordingly, such warrants and underlying common stock may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Act and such applicable state securities laws.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Acurx Pharmaceuticals, Inc.
Acurx Pharmaceuticals is a clinical stage biopharmaceutical company focused on developing new antibiotics for difficult to treat infections. The Company's approach is to develop antibiotic candidates that target the DNA polymerase IIIC enzyme and its R&D pipeline includes antibiotic product candidates that target Gram-positive bacteria, including Clostridioides difficile, methicillin-resistant Staphylococcus aureus (MRSA), vancomycin resistant Enterococcus (VRE) and drug-resistant Streptococcus pneumoniae (DRSP).
Forward-Looking Statements
Certain statements in this press release include "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "anticipate," "plan," "expect," "estimate," "intend," "may," "will," or the negative of those terms, and similar expressions, are intended to identify forward-looking statements. These forward-looking statements are subject to risks and uncertainties including, among other things, the completion of the offering, the satisfaction of customary closing conditions related to the offering, the intended use of proceeds from the offering and the uncertain impact of the COVID-19 global pandemic on our business, including with respect to our clinical trials.
These forward-looking statements are based on our current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such risks and uncertainties include, but are not limited to, risks associated with the Company's development work, including any delays or changes to the timing, cost and success of our product development activities and clinical trials, and other uncertainties affecting the Company described in the "Risk Factors" section and in other sections included in our Annual Report on Form 10-K, in our Quarterly Reports on Form 10-Q, and in our Current Reports on Form 8-K filed with the Securities Exchange Commission. Given those uncertainties, you should not place undue reliance on these forward-looking statements, which speak only as of the date made. All subsequent forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by this cautionary statement. The Company assumes no obligation to update forward-looking statements or outlook or guidance after the date of this press release whether as a result of new information, future events or otherwise, except as may be required by applicable law.
Investor Contact:
Acurx Pharmaceuticals, Inc.
David P. Luci, President & CEO
Tel: 917-533-1469
Email: davidluci@acurxpharma.com
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SOURCE Acurx Pharmaceuticals, Inc. | https://www.kait8.com/prnewswire/2022/07/25/acurx-pharmaceuticals-inc-announces-4225-million-registered-direct-offering/ | 2022-07-25T12:54:08Z | https://www.kait8.com/prnewswire/2022/07/25/acurx-pharmaceuticals-inc-announces-4225-million-registered-direct-offering/ | true |
No leaves for municipal staff till rains relent
HYDERABAD July 25, 2022 17:56 ISTOfficials told to monitor situation closely
Municipal commissioners across Telangana have been directed to stay put in their respective headquarters and ensure the already established control rooms are working round-the-clock to deal with the heavy rains and resultant flooding to prevent any loss of life.
Special Chief Secretary, Municipal Administration and Urban Development, Arvind Kumar and Director of Municipal Administration N. Satyanarayana have stated that there will no leaves till the rainfall subsides and all the leaves sanctioned already stand cancelled and municipal staff have to attend office everyday with the control rooms to be working in three shifts in view of more heavy rains forecast by the Met department.
In a recent meeting with the municipal commissioners, they have asked the field level officers appointed to monitor the flood situation to maintain continuous vigilance over the identified vulnerable points and take precautionary measures.
People living in dilapidated buildings should be moved out immediately and demolition of such structures should be taken up. While keeping a vigil on the water levels of the reservoirs, tanks and other water bodies, officials should also take steps to ensure that those living in the low lying areas are shifted to the identified rehabilitation centres for their safety.
The emergency and other municipal staff including the sanitary personnel on the field will have to be provided with the necessary safety equipment and drinking water supply should be through water tanks in inundated areas and wherever regular water supply is not possible with proper chlorination done.
Pit taps are to be closed and a check should be made on the manholes and danger points at vulnerable locations with signages. The municipal officers have been told to coordinate with the Electricity, Roads & Buildings departments and other line departments to handle tree falls, streetlights, etc., in conjunction with the district collectors concerned.
Mr. Arvind Kumar said water contamination should be prevented and damaged pipelines should be replaced. While ensuring sufficient stock of disinfectant material such as bleaching powder and others, spraying and sprinkling of disinfectants as per protocols, anti-mosquito, anti-malarial larva sprays/ dropping of balls and anti-fly sprays etc., should be done promptly to ensure prevention of diseases — water as well as vector borne. | https://www.thehindu.com/news/national/telangana/no-leaves-for-municipal-staff-till-rains-relent/article65681021.ece/amp/ | 2022-07-25T12:54:10Z | https://www.thehindu.com/news/national/telangana/no-leaves-for-municipal-staff-till-rains-relent/article65681021.ece/amp/ | false |
BOSTON, July 25, 2022 /PRNewswire/ -- Following the pivotal announcement of the publication, for the use of the Nanomosaic Tessie™ platform to elucidate the biomarker association between PTau 217 and PTau 181 and Post-Operative Delirium in Plasma, (link to announcement), NanoMosaic Inc., the pioneer and leader in nanoneedle (MosaicNeedle™) technology detection for proteomics, genomics, and single-run experiment multi-omics applications, has announced the appointment of Raaj Venkatesan as its Chief Regulatory Officer.
Raaj Venkatesan brings more than 17 years of experience in regulatory affairs, regulatory compliance and quality engineering in the medical device and In Vitro Diagnostics industry. Prior to joining Nanomosaic, Raaj served as a Regulatory Affairs and Quality executive at NovaSignal Corporation, Ancestry Health, the healthcare division of AncestryDNA and Exosome Diagnostics. Prior to that, Raaj held various regulatory affairs and quality engineering positions at Bio-Rad laboratories, Bruker Daltonics, OmniGuide Surgical, Becton Dickinson (BD) Diabetes Care and Second Sight Medical Products and has obtained multiple FDA clearances, European CE mark and Health Canada licenses. Raaj is Regulatory Affairs Certified (RAC-US, RAC-EU) by the Regulatory Affairs Professionals Society (RAPS) and is also an ASQ Certified Manager of Quality, Reliability Engineer, Quality Auditor, Biomedical Auditor and Quality Engineer. He earned his Master's Degrees in Biomedical Engineering, Electrical Engineering and Medical Device and Diagnostic Engineering from the University of Southern California and Bachelor's Degree in Electronics and Instrumentation Engineering from Bharathidasan University in India.
"I am honored and excited to join Nanomosaic at such an exciting time for the company and the proteomics space," said Raaj Venkatesan. "With the assays that we are developing with our current Tessie™ system and the nanoneedle technology, I look forward to working closely with our team, customers and appropriate regulatory agencies to ensure the most effective deployment of our technology to clinicians and pharmaceutical organizations. Additionally, I am particularly eager to leverage our recent partnerships with academic and clinical researchers to overcome obstacles in the regulatory and commercialization processes, and bring their assays as diagnostics to patients in need."
"The reliability of the Tessie™ system, with over 99% uptime, a streamlined fully integrated workflow on standard liquid handling systems, and the fastest sample turn around time (from blood to answer), makes the Tessie™ an ideal platform for clinical applications," stated John Boyce, President and CEO of NanoMosaic, as well as Co-founder of Tiger Gene Ventures. "NanoMoasic is committed to working closely with the FDA, as well as the appropriate additional regulatory agencies to ensure the the highest level of rigor in its processes and products. We are thrilled to have a creative veteran such as Raaj join the company as Chief Regulatory Officer to lead the clinical approval effort that will bring more predictive tests to the market in order to significantly improve patient care," Boyce concluded.
NanoMosaic, a Boston-based biotechnology company, is the only commercial entity to develop and leverage the power of nanoneedles, MosaicNeedles™, for protein detection and quantification to develop best-in-class assays for biomarker discovery and validation. The NanoMosaic platform, Tessie™, alleviates the bottlenecks in proteomics analysis and provides an end-to-end solution that enables first of its kind protein interrogation and multi-omics analysis within a single chip on one run. The proprietary technology enables rapid, end user customization for assay development for proteomic and/or nucleic acid content. The NanoMosaic platform allows researchers to push the frontiers in biomarker discovery and diagnostics. For Research Use Only. Not For Use in Diagnostic Procedures.
Contact: Audrey Warner, audrey.warner@tigergenellc.com
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SOURCE NanoMosaic | https://www.wistv.com/prnewswire/2022/07/25/nanomosaic-appoints-raaj-venkatesan-chief-regulatory-officer/ | 2022-07-25T12:57:05Z | https://www.wistv.com/prnewswire/2022/07/25/nanomosaic-appoints-raaj-venkatesan-chief-regulatory-officer/ | false |
Launched in 2020 as a first-of-its kind AI neural network technology, INSTINCT now boasts extra-layer fraud-mitigation defense for strengthening any first-line identity verification solution
TEL AVIV, Israel, July 25, 2022 /PRNewswire/ -- AU10TIX, a leading global provider of fully automated identity verification technology powered by cutting-edge machine learning and artificial intelligence (AI), announced expanded capabilities to strengthen fraud mitigation defense through its award-winning fraud intelligence platform, INSTINCT.
INSTINCT, which uses traffic-level intelligence sourced from a global consortium of neural-network partners, now can deliver advanced-layer protection for stopping sophisticated fraud like swarm attacks, deep fakes and synthetic identities.
Among other new benefits, INSTINCT now seamlessly sits alongside an organization's native identity verification solution, or layers onto AU10TIX's core verification engine for a 2-in-1 defense. Additionally, the platform now offers risk management and mitigation.
"More than just 'a world first', INSTINCT is the only fraud intelligence platform of its kind. You can get automated fraud intelligence at scale with an emphasis on privacy protection to defend your business. We are proud to upgrade it based on feedback from our customers, and take fraud prevention to the next level," said Nir Stern, VP Product, AU10TIX.
AU10TIX has prevented $2 billion in fraud related losses to businesses since the start of 2022. INSTINCT alone has increased detection of synthetic fraud by over 200 percent this year. Likewise, the platform saw a 110 percent increase in all detected potential fraud against the previous six months.
The United States topped the list with 35 percent of all fraud detected, followed by Australia (7 percent), Vietnam (5 percent), United Kingdom (4 percent), and China (3 percent). Face recognition was the most effective type of link-analysis method to detect fraud in the past quarter.
Traditional identity verification solutions are essential, but alone they are not enough. What differentiates INSTINCT and makes it so effective is that it is powered by data signals from a group of leading global businesses, INSTINCT's upgraded fraud-mitigation capabilities include:
- More seamless, easy integration on top of any other existing identity verification solution provided by AU10TIX or any other vendor on the market.
- Manual as well as automatic triggers, either by a text query (name, phone or other personal information) or scanning an ID document.
- The ability to scan and neutralize fraud threats already lurking in an organization's system, even after front-line defenses are penetrated.
- Recognition and proactive allocation of 'trusted user' identity reputation scoring to legitimate customers and legitimately participating partner services.
"The way cybercriminals behave is not siloed; it's networked. How do we fight them in the same way? We're learning that businesses must be adaptive and collaborative to compete. Fraud is not a problem that any one organization, industry or government can tackle independently. It requires an ecosystem approach," said Carey O'Connor Kolaja, CEO, AU10TIX.
Since its inception, INSTINCT continues to see success by leveraging signals from one organization to detect similar patterns across all other organizations on the network. INSTINCT has been recognized as an outstanding technology product by The Business Intelligence Group's Innovation Awards.
Click to learn more about INSTINCT.
AU10TIX, a global identity intelligence leader headquartered in Israel, is on a mission to obliterate fraud and further a more secure and inclusive world. The company provides critical, modular solutions to verify and link physical and digital identities so businesses and their customers can confidently connect. Over the past decade, AU10TIX has become the preferred partner of major global brands for customer onboarding and customer verification automation – and continues to work on the edge of what's next for identity's role in society. AU10TIX's proprietary technology provides results in less than 8 seconds, enabling businesses to onboard customers faster while preventing fraud, meeting compliance mandates and, importantly, promoting trust and safety. AU10TIX is a subsidiary of ICTS International N.V. (OTCQB: ICTSF). For more information, visit AU10TIX.com.
Media Contact
Shane Blackburn
Red Havas
shane.blackburn@redhavas.com
+1-917-710-8393
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Company reiterates support of proposals for the authorization to increase number of shares available for issuance by the Company and authorization for the Board to effect a reverse stock split at their discretion
HOUSTON, July 25, 2022 /PRNewswire/ -- CNS Pharmaceuticals, Inc. (NASDAQ: CNSP) ("CNS" or the "Company"), a biopharmaceutical company specializing in the development of novel treatments for primary and metastatic cancers in the brain and central nervous system, today urged shareholders to vote in favor of the proposals outlined in the Company's Definitive Proxy Statement (the "Proxy") for the upcoming Annual Shareholder Meeting to be held Wednesday, July 27, 2022.
The proposals outlined in the Proxy include the authorization to increase the number of shares available for issuance by the Company and the authorization for the Board of Directors to effect a reverse stock split of the outstanding shares of the Company's common stock, at a split ratio of between 1-for-2 and 1-for-30 at their discretion.
"While we remain whole-heartedly dedicated to the advancement of our potentially pivotal global trial of Berubicin, we must also focus on our continued strategic fiduciary obligations to all stakeholders. After careful thought and consideration by both the management team and the board of directors, we strongly believe having these tools available at our discretion will enable us to effectively finance the Company and thereby drive the ongoing clinical development forward. To be clear, if approved, these tools will only be used if needed. It is necessary, however, as a cash-burning, development-stage company, to have the ability to issue stock on the market to raise capital and to have the best market for our shareholders to use when they wish to trade our stock. I, along with the rest of the CNS Pharmaceuticals team, urge shareholders to thoughtfully consider this opportunity to further equip the board of directors with available tools that, if needed, can be used to both maintain our NASDAQ listing by satisfying the minimum bid price requirement and enhance the long-term growth prospects of the Company by broadening our financing alternatives," commented John Climaco, CEO of CNS Pharmaceuticals. "In this turbulent and unpredictable market, we are dedicated to addressing the existential financial threats to the Company that currently exist. These tools will put the Company in the best position to manage challenging market conditions and to act, as always, in the best interest of all shareholders."
Shareholders are urged to carefully review the Proxy and accompanying materials as they contain important information regarding the Share Consolidation and its consequences to shareholders. A copy of the Proxy is available in the Investors section of the Company's website and on the U.S. Securities and Exchange Commission's website at www.sec.gov.
YOUR VOTE IS IMPORTANT. VOTE TODAY!
A proxy form or voting instruction form accompanied the Meeting materials you received by mail. Instructions on how to vote, which vary depending on whether you are a registered or beneficial shareholder of the Company, are provided in the Circular and the proxy form or voting instruction form.
About CNS Pharmaceuticals, Inc.
CNS Pharmaceuticals a clinical-stage pharmaceutical company developing a pipeline of anti-cancer drug candidates for the treatment of primary and metastatic cancers of the brain and central nervous system. The Company's lead drug candidate, Berubicin, is a novel anthracycline and the first anthracycline to appear to cross the blood-brain barrier. Berubicin is currently in development for the treatment of a number of serious brain and CNS oncology indications including glioblastoma multiforme (GBM), an aggressive and incurable form of brain cancer.
Additionally, the Company is advancing the development of its WP1244 drug technology portfolio, which utilizes anthracycline and distamycin-based scaffolds to create small molecule agents and is believed to be 500x more potent than daunorubicin in inhibiting tumor cell proliferation. Preclinical studies of WP1244 demonstrated high uptake in the brain with antitumor activity. CNS Pharmaceuticals is evaluating the use of the WP1244 portfolio in the treatment of brain cancers, pancreatic, ovarian, and lymphomas.
For more information, please visit www.CNSPharma.com, and connect with the Company on Twitter, Facebook, and LinkedIn.
Forward-Looking Statements
Some of the statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, the timing of opening new sites in Europe. These statements relate to future events, future expectations, plans and prospects. Although CNS believes the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. CNS has attempted to identify forward-looking statements by terminology including ''believes,'' ''estimates,'' ''anticipates,'' ''expects,'' ''plans,'' ''projects,'' ''intends,'' ''potential,'' ''may,'' ''could,'' ''might,'' ''will,'' ''should,'' ''approximately'' or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including those discussed under Item 1A. "Risk Factors" in CNS's most recently filed Form 10-K filed with the Securities and Exchange Commission ("SEC") and updated from time to time in its Form 10-Q filings and in its other public filings with the SEC. Any forward-looking statements contained in this press release speak only as of its date. CNS undertakes no obligation to update any forward-looking statements contained in this press release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.
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SOURCE CNS Pharmaceuticals, Inc. | https://www.wbay.com/prnewswire/2022/07/25/cns-pharmaceuticals-urges-shareholders-vote-favor-proxy-proposals-upcoming-annual-meeting-shareholders-july-27-2022/ | 2022-07-25T12:59:54Z | https://www.wbay.com/prnewswire/2022/07/25/cns-pharmaceuticals-urges-shareholders-vote-favor-proxy-proposals-upcoming-annual-meeting-shareholders-july-27-2022/ | false |
The United Kingdom will host next year's Eurovision Song Contest on behalf of Ukraine, organizers the European Broadcasting Union (EBU) and the BBC confirmed on Monday.
Traditionally, it would be Ukraine's job as winner to host the upcoming song contest following Ukrainian folk-rap group Kalush Orchestra's triumph with their track "Stefania" in May.
However, the EBU said last month that, following a "full assessment and feasibility study," it had concluded that it would not be feasible for Ukraine to host, because of the ongoing war with Russia.
The UK came second in this year's competition.
BBC director general, Tim Davie, said on Monday that it was a "great privilege" to be asked to host the show.
"It is a matter of great regret that our colleagues and friends in Ukraine are not able to host the 2023 Eurovision Song Contest," he said in a statement.
"Being asked to host the largest and most complex music competition in the world is a great privilege."
He went on to say that the BBC is "committed to making the event a true reflection of Ukrainian culture alongside showcasing the diversity of British music and creativity."
Davie confirmed that the next steps would be to find a host city to partner with for the annual singing competition.
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accounts, the history behind an article. | https://www.albanyherald.com/entertainment/uk-to-host-next-years-eurovision-on-behalf-of-ukraine/article_7148d99f-9330-5598-82e1-f166aff05feb.html | 2022-07-25T13:01:35Z | https://www.albanyherald.com/entertainment/uk-to-host-next-years-eurovision-on-behalf-of-ukraine/article_7148d99f-9330-5598-82e1-f166aff05feb.html | false |
Over the past two years, hurricane-related damage in Louisiana has caused some insurance companies to go out of business. Homeowners are coping with higher insurance costs.
Copyright 2022 NPR
Over the past two years, hurricane-related damage in Louisiana has caused some insurance companies to go out of business. Homeowners are coping with higher insurance costs.
Copyright 2022 NPR | https://www.kcbx.org/2022-07-25/why-louisiana-residents-struggle-to-get-property-insurance-during-hurricane-season | 2022-07-25T13:02:18Z | https://www.kcbx.org/2022-07-25/why-louisiana-residents-struggle-to-get-property-insurance-during-hurricane-season | true |
NFL Baltimore Ravens to Integrate the ImagineAR SDK Platform with their Official Team Mobile App Developed by YinzCam
VANCOUVER, BC and ERIE, Pa., July 25, 2022 /PRNewswire/ - Imagine AR Inc. (CSE: IP) (OTCQB: IPNFF) ("ImagineAR" or "Company"), an Augmented Reality Company that enables sports teams, businesses and enterprises to quickly create their own AR mobile campaigns, is honored to announce the signing of a two year partnership agreement with the NFL Baltimore Ravens to provide its Augmented Reality Mobile Platform for fan activation and engagement. This two-year revenue sharing agreement makes the Baltimore Ravens the first NFL team to integrate the ImagineAR Augmented Reality SDK Platform to deliver metaverse fan immersive experiences.
Kevin Rochlitz, Chief Sales Officer of the Baltimore Ravens, stated, "Our team strives to leverage advanced technology to deliver innovative and exceptional fan experiences. Integrating the ImagineAR platform with our mobile app for the next two years will create interactive fun, energy and excitement that can be shared with other fans on all social media platforms. We are absolutely thrilled to be the first NFL team to integrate the award-winning ImagineAR technology into our digital communications' mobile platform."
Alen Paul Silverrstieen, CEO of ImagineAR, stated "ImagineAR is truly honored to sign our first NFL team and the Ravens have always been a visionary in delivering advanced fan engagement. YinzCam, the Ravens app developer, is the leading global sports mobile app provider and we are expecting this fall launch will be a showcase of our AR sports fan platform to the NFL and other leagues."
Silverrstieen added "With respect to our Company, the Baltimore Ravens are not only our first NFL partner; they are also our first top-tier professional sports team partner in the United States and opens the door to further expansion at the highest level of sports."
ImagineAR Inc. (CSE: IP) (OTC: IPNFF) is a self-publishing augmented reality (AR) platformthat enables businesses of any size to create and implement their own AR campaigns with no programming or technology experience. Every organization, from professional sports franchises to small retailers, can develop interactive AR campaigns that blend the real and digital worlds. Customers simply point their mobile device at logos, signs, buildings, (products, landmarks and more to instantly engage videos, information, advertisements, coupons,3D holograms and any interactive content all hosted in the cloud and managed using a menu-driven portal. Integrated real-time analytics means that all customer interaction is tracked and measured in real-time. The AR Enterprise platform supports both IOS and Android mobile devices and upcoming wearable technologies. The AR Platform is available as an SDK Plug-in for existing mobile apps.
2021 STA Category Award Winner for Fan Engagement.
All trademarks of the property of respective owners.
ON BEHALF OF THE BOARD
Alen Paul Silverrstieen
President & CEO
(818) 850-2490
https://twitter.com/IPtechAR
https://www.facebook.com/imaginationparktechnologies
https://www.instagram.com/iptechar
https://www.linkedin.com/company/imagination-park-technologies-inc
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Information and Statements
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein may include, but is not limited to, information concerning the ability of the Company to generate revenues, roll out new programs and to successfully achieve business objectives, and expectations for other economic, business, and/or competitive factors.
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information and statements are the following: changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.
Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.
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Jelenew: a new way of life, but also a form of self-expression
WILMINGTON, Del., July 25, 2022 /PRNewswire/ -- Earlier, a new product line was launched by the American female avant-garde cycling brand Jelenew. Its products include the Racing Collection, based on long-lasting endurance riding, and the Comfort Collection, which retains the functionality and practicality of sportswear, combined with haute couture aesthetics, to bring cyclists to various scenarios anytime, anywhere. The brand's initial drive was to apply cycling-friendly, versatile materials and haute couture aesthetics to people's daily lives so that people could use its products both in the city and outdoors. And take this to bring sports and outdoor culture into the lives of urbanites and make more women love cycling. Once the product under this brand-new concept was launched, a whirlwind was set off by netizens on social platforms. In addition to traditional cycling distance mobilizers, many fashion KOLs, models, and artists have put on Jelenew and posted their sustainable and healthy cycling ideas on social media, igniting new fashion trends and fashion frenzy.
This phenomenon is rare in cycling brands that only emphasize sports functions in the past. Driven by social factors such as the epidemic, soaring oil prices, and "slow travel" traffic road planning and policies in various places, the cycling culture has prevailed, and cycling has changed from a competitive sport to a new way of life and culture. But most cycling jerseys on the market are all about performance and conservative style. The best jersey and shorts are about function, but only a few cyclists will wear them. Modern people live on the go and are constantly asked to make compromises, which means every kind of restriction. They want to live a life where they don't need to change clothes because of scenes and situations. And Jelenew's Comfort Cycling Collection is designed to deal with this situation. This series retains the functionality and practicability of sportswear, combined with high-definition and simple aesthetics, to bring cycling enthusiasts clothes that can cope with work, sports, and exercise scenes anytime, anywhere.
Jelenew fuses haute couture design and functionality, preserving the materials and functionality of cycling gear, delivering a durable, haute couture aesthetic based on long-lasting endurance riding. Jelenew's features a range of elusive colors and takes on a minimalist perspective in its aesthetics. The four-way-stretch fabric consists of micro-perforation yarns, increasing airflow and comfort during hot weather. Jelenew also embeds the concept of environmental protection into the brand DNA, using natural, additive-free sunscreen and extremely quick-drying fabrics to provide consumers with a healthy and comfortable riding experience. The reference to haute couture makes Jelenew's cycling clothing better fit and more wrapping, and the original three-point V-shaped structure riding saddle provides a healthy and comfortable riding experience. Jelenew said that the brand product co-creators with diverse backgrounds worldwide participate in the product design process, and all products would be repeatedly tested and modified before they are introduced to the market. They believe that cycling, like art, is a way of self-expression. Some industry insiders said that the return of leisure sports style and the cross-border style integration of Jelenew sportswear and luxury fashion is also one of the reasons for attracting young consumer groups.
Di Liu, Jelenew's creative director, said: "We have an incredibly diverse consumer base, and brands appeal to different people for different reasons, but one thing in common is that we all love cycling. The life symbol that gives value is integrated into the cyclist's life. No one can resist a healthy body and a free and full soul. Jelenew is more like a carrier, a carrier of self-discovery and self-expression, through which you'll see how people can personalize themselves according to their needs."
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CHICAGO (AP) — A man has died after being stabbed during an altercation on a commuter train in Chicago.
The stabbing occurred about 3 a.m. Monday on a Chicago Transit Authority Red Line train on the city's South Side, police said.
The victim was able to run away. He suffered wounds to his chest and later was pronounced dead at a hospital.
No arrests have been made.
Four people were stabbed and injured Friday in an attack on another Chicago Transit Authority train.
Six robbery suspects followed a 42-year-old man onto a Red Line train at about 2 a.m. Friday, then demanded his belongings and attacked him with a knife and a broken glass bottle, police said last week.
The man pulled out his own knife and fought back but suffered stab wounds. Three of the suspects also suffered stab wounds, police said.
The other three were arrested. | https://www.sfgate.com/news/article/Police-Man-dies-after-stabbing-on-Chicago-17326778.php | 2022-07-25T13:03:08Z | https://www.sfgate.com/news/article/Police-Man-dies-after-stabbing-on-Chicago-17326778.php | true |
PORTLAND, Ore., July 25, 2022 /PRNewswire/ -- Schmitt Industries, Inc. (NASDAQ: SMIT) (the "Company" or "Schmitt") in response to certain questions regarding the announcement of the potential reverse merger (the "Merger") with Proton Green, LLC ("Proton Green") and the spin-off of Schmitt's Ample Hills business (the "Spin-Off") is issuing this press release to provide additional context on the potential transaction.
Michael Zapata, Chairman of the Board, President and CEO of Schmitt Industries commented, "We are excited to announce this potential reverse-merger with Proton Green as we continue to seek paths to maximize value for Schmitt shareholders. The board has evaluated numerous opportunities with various partners in recent months and we believe this potential business combination with Proton Green is the optimal path to continue driving value creation for our combined shareholders and stakeholders.
Zapata continued: "Our recent monetization of real estate assets and consideration of business line divestitures laid the groundwork for this transaction. In connection with this potential transaction, we expect to spin-off the Ample Hills business to current shareholders, giving our investors a pure play and well-capitalized Ample Hills company, while also providing ownership in Proton Green at an attractive valuation. We see both companies as being in the early innings of their growth trajectory. If we enter into a definitive agreement, we will provide further details on financial metrics, structure, and timing of the transaction."
Completion of the Merger is subject to the negotiation of a definitive merger agreement and related documentation, approval of the Merger and issuance of shares related to the Merger by Schmitt's Board of Directors and shareholders, approval of the continued listing by Nasdaq of Schmitt common stock on the Nasdaq Capital Market on a post-Merger basis (which is anticipated to require raising additional financing in connection with the closing of the Merger), the completion of due diligence to the satisfaction of the parties, financing and satisfaction of other conditions that are to be negotiated as part of the merger agreement. Accordingly, there can be no assurance that a merger agreement will be entered into or that the proposed Merger will be consummated. Further, readers are cautioned that those portions of the term sheet that describe the proposed Merger, including the consideration to be issued therein, are non-binding and provide no guarantee that a transaction will be completed. Accordingly, there can be no assurance that Schmitt's efforts to consummate the transactions contemplated by the term sheet will be successful.
About Schmitt Industries
Schmitt Industries, Inc., founded in 1987, designs, manufactures and sells high precision test and measurement products, solutions and services through its Acuity® and Xact® product lines. Acuity provides laser and white light sensor distance measurement and dimensional sizing products, and our Xact line provides ultrasonic-based remote tank monitoring products and related monitoring revenues for markets in the Internet of Things environment. The Company also owns and operates Ample Hills Creamery, a beloved ice cream manufacturer and retailer based in Brooklyn, NY.
About Proton Green
Proton Green, LLC, is a producer of helium and hydrogen, and is building out its position as a large carbon sequestration operator in North America. With operating control over the St. Johns Field, a 152,000 acre property in Apache Country, Arizona, Proton Green controls a helium reservoir and carbon storage basin. Helium remains in short supply and is used to cool magnets in MRI systems, as the temperate of silicon during semiconductor manufacturing, for space and satellite system applications, as well as in many other critical technologies. Carbon capture and sequestration is fast becoming a climate imperative, and Proton Green has the ability to inject up to 22 million metric tons of CO2 per year at its primary basin, and over one billion tons of total storage capacity. For more information, please see Proton Green's website at: www.protongreen.com.
Safe Harbor Statement
This document may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors. The forward-looking statements in this press release speak only as of the date of this press release. Schmitt expressly disclaims any obligation or undertaking to release publicly any updates or revisions to such statements to reflect any change in its expectations with regard thereto or any changes in the events, conditions or circumstances on which any such statement is based. A complete discussion of the risks and uncertainties that may affect Schmitt's business, including the business of its subsidiary, is included in "Risk Factors" in the Company's most recent Annual Report on Form 10-K as filed by the Company with the Securities and Exchange Commission.
Media & Investor Contacts:
Schmitt Industries
Michael R. Zapata, Chairman, President and CEO
Philip Bosco, CFO and Treasurer
(503) 227-7908
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Bishop robbed at gunpoint while delivering sermon
NEW YORK (WCBS) - A New York bishop was robbed at gunpoint in the middle of a sermon on Sunday, and it was all caught on video.
Bishop Lamor Whitehead saw the door in the back of the room he was speaking in get kicked open.
“I see three to four men come in,” he said. “As I got down, one went to my wife and took all her jewelry and had the gun in front of my 8-month-old baby’s face. Took off my bishop’s ring, my wedding band, my bishop’s chain, and then I had chains underneath my robe and he started tapping my neck, so that means they knew. They watched and they knew that I have other jewelry.”
The church’s livestream shows the gun being held on the pastor.
Whitehead said what you do not see on camera are around 100 people who were in the room. Men, women and children dropped to the floor in silence.
“My church is traumatized. The women and children are still crying. Babies are still crying,” Whitehead said.
Police said the men took off in a white Mercedes.
“These men, they need to turn themselves in. I forgive you and I’m praying for you, and I hope that God delivers you from the mindset from who you are at this time,” Whitehead said.
He believes the family was targeted because of the publicity he received when he helped turn in a suspect wanted in the fatal subway shooting of 48-year-old Daniel Enriquez in May.
“I turned him in, but the media called me the ‘Bling Bling Bishop.’ The had my Rolls Royce car all over everywhere,” he said.
The New York Police Department is investigating.
Copyright 2022 WCBS via CNN Newsource. All rights reserved. | https://www.wagmtv.com/2022/07/25/bishop-robbed-gunpoint-while-delivering-sermon/ | 2022-07-25T13:06:54Z | https://www.wagmtv.com/2022/07/25/bishop-robbed-gunpoint-while-delivering-sermon/ | true |
Funding round led by Prime Movers Lab
PHILADELPHIA, July 25, 2022 /PRNewswire/ -- Conscious Cultures, a leading maker of plant-based foods, today announced its corporate rebrand to Bandit and that it raised a $1.5 million seed round led by venture capital firm Prime Movers Lab.
Bandit produces vegan cheeses that use cashews as their base. The company's signature cheeses include a cave-aged, double cream camembert-inspired bloomy rind called Maverick and a cave-aged, vegetable ash ripened cheese with an ash inlay called Barn Cat. Bandit also produces an array of seasonal cheeses.
"Consumer values are rapidly changing and younger cheese enthusiasts recognize the tremendous impact that agricultural practices are having on climate change, the environment, and animal welfare," said Bo Babaki, Founder and CEO of Bandit. "We recognized that our former brand resonated with that crowd but did not feel as welcoming to the cheese market as a whole. With the realization that to truly drive the change we want to see in the world, we would need to feel approachable to everyone, we made the decision to be reborn as Bandit. Bandit is an ode to our humble beginning hustling cheese from Philly to Brooklyn using cave-modified household refrigerators in the basement of a yoga studio. Our rebrand as Bandit evokes the origins of our playful spirit while staying true to our ethos at our core."
The vegan cheese market is expected to grow 5.7% in 2022 and is estimated to reach a market size of $3 billion in 2022 and $7.35 billion in 2032, according to research from Future Market Insights. Venture capital firms like Prime Movers Lab have started to take notice. In 2021, investors poured about $1.4 billion globally into dairy substitute startups – a 70% increase from 2020.
Bandit will use the funding to continue scaling its production processes and growing its fan base. Enthusiasts can expect to find Bandit cheeses in a variety of new grocery stores in Northern California, Texas, and Illinois in the coming months. To find a list of stores that carry Bandit cheeses, click here.
"The Bandit team is pushing the boundaries of cultured, plant-based milks, producing the most compelling vegan cheeses on the market. We have been looking for a dairy-alternative investment, and at the end of the day, Bandit just tasted better than anything else we tried," said Prime Movers Lab Partner and Bandit Board Member Gaetano Crupi. "They make delicious plant-based foods that will find broad acceptance among chefs at elite restaurants as well as the average American consumer shopping the aisles of their neighborhood grocery store."
Bandit
Bandit produces plant-based cheese, crafted with love and care, aged with reverence to the time-honored traditions of old-world cheese making and affinage. Bandit crafts delicious plant-based nourishment for the benefit of their community, their enthusiasts and their team. They craft all of their nourishment with a slow and steady hand, allowing the cultures and enzymes to reach their full potential. For more information, please visit www.eatlikeabandit.com.
About Prime Movers Lab
Prime Movers Lab invests in breakthrough scientific startups founded by Prime Movers, the inventors who transform billions of lives. We invest in companies reinventing energy, transportation, infrastructure, manufacturing, agriculture and human augmentation. Portfolio investments span in-space transportation, industrial solar heat, ag tech, brain upgrades, nano-structured materials, wafer slicing, prosthetics, 3D printing, mobility, longevity and AI. For more information, please visit https://www.primemoverslab.com.
Media Contact: Gavin Mathis, 406-539-7277, gavin@primemoverslab.com
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VANCOUVER, BC, July 25, 2022 /PRNewswire/ - Copper Mountain Mining Corporation (TSX: CMMC) (ASX: C6C) (the "Company" or "Copper Mountain") announces second quarter 2022 financial and operating results. All currency is in Canadian dollars, unless otherwise stated. All results are reported on a 100% basis. The Company's Financial Statements and Management's Discussion & Analysis ("MD&A") are available at www.CuMtn.com and www.sedar.com.
- Production in Q2 2022 was 16.1 million pounds of copper equivalent, including 13.3 million pounds of copper, 5,792 ounces of gold, and 61,628 ounces of silver.
- Revenue for Q2 2022 was $59.1 million from the sale of 12.9 million pounds of copper, 5,069 ounces of gold, and 57,653 ounces of silver.
- C1 cash cost (1) per pound of copper produced in Q2 2022 was US$2.92.
- All-in sustaining cost ("AISC") (1) per pound of copper produced was US$3.65 and all-in cost ("AIC") (1) per pound of copper produced was US$4.93.
- Net loss for Q2 2022 was $5.3 million, or ($0.02) on a per-share basis.
- Cash flow from operations for Q2 2022 was $9.0 million, or $0.04 on a per-share basis(1).
- Cash, cash equivalents, and restricted cash at the end of June 30, 2022 was $92.2 million.
- Installed and commissioned additional cleaner circuit capacity to handle higher mill feed grade at higher tonnage rates.
- Received the 2022 Towards Sustainable Mining (TSM) Environmental Excellence Award in recognition of the Company's Electric Trolley Assist project.
"There were a number of challenging issues in the second quarter contributing to lower production and higher costs," commented Gil Clausen, Copper Mountain's President and CEO. "Most of the impact to production came from lower-grade ore and crushing circuit throughput. The mining of the last benches of Phase 2 from a lower grade area and the top cuts of the new North Pit, which was lower-grade and oxidized with some high clay content zones, created a sticky feed that impacted crushing circuit performance with clogged chutes and crushers plugging. Further, a stripping delay in Phase 4 slowed down the release of higher grade clean ore. Post quarter end, we started the ore release in Phase 4, and with the first half of the year behind us, we plan on delivering the higher production levels forecast for the remainder of the year. ncreased production will be largely driven by a few factors. First, as we finished mining through the bottom of Phase 2 and worked through the top oxidized benches of the North Pit, we will advance the clean ore in the North Pit and Phase 4 which will allow for higher recovery and support processing at full capacity. Second, we expect grades to average around 0.30% Cu for the remainder of the year as we mine mostly higher-grade ore from Phase 4, which is planned for late July. And third, copper recovery is expected to increase further with the completion of our plant optimization and improvement projects. With increased grade, recovery, and throughput, we expect strong production in the second half of 2022, with the fourth quarter being the strongest quarter, and carry that production through 2023 and 2024."
Mr. Clausen continued, "We are completing the engineering work on the Life of Mine technical study that will include a new updated mineral reserve and mineral resource estimate for the Copper Mountain Mine. The study includes trade-off analyses and scenario plans to evaluate throughput options for mill expansion. We expect this study to be published in September."
Production
The Copper Mountain Mine produced 13.3 million pounds of copper, 5,792 ounces of gold, and 61,628 ounces of silver in Q2 2022, compared to 25.5 million pounds of copper, 7,627 ounces of gold, and 147,973 ounces of silver in Q2 2021. Production was lower during the quarter due to lower grade and reduced mill throughput.
Mill feed grade in Q2 2022 was 0.23% Cu as compared to Q2 2021 of 0.42%. Ore was delivered to the mill from a lower grade area of Phase 2, the development phase of the North Pit, and from the low-grade stockpile during the quarter. All these sources resulted in lower mill feed grade in the quarter compared to Q2 2021. Phase 2 was mined out fully in June. Phase 4 higher grade ore release was delayed due to stripping shortfalls in the first half, resulting in the start of Phase 4 ore being released in mid-July.
Above average employee absences due to several reasons, including COVID-19, limited maintenance and operations staffing during the quarter, and impacted overall mine production. Contracted labour alleviated this issue, but resulted in higher labor costs. Hiring full time replacement equipment operators was progressing well by quarter end with mine production back on track. The commencement of mining in the North Pit was also later than planned due to regulatory delays of a few months as additional test work was requested on potential acid rock drainage from the North Pit. The Company completed this test work and received full permission to mine the North Pit early in the quarter.
Supply chain issues, including a lack of available parts for some of the mine's production drills, severely limited drilled and blasted inventory levels, further impacting stripping production and delaying some Phase 4 waste removal. This situation has steadily improved during the quarter, which allowed mine production to be increased, advancing the Phase 4 waste stripping in the Copper Mountain Mine Main Pit to expose higher grade ore starting in mid-July. Ore feed grades will improve in the year's second half to about 0.30% Cu for H2 2022, with the higher-grade Phase 4 ore being the primary ore supply for the remainder of 2022. Phase 4 higher grade ore will also be the main ore supply for 2023, driving increased production.
The mill processed a total of 3.3 million tonnes of ore during the quarter as compared to 3.4 million tonnes in Q2 2021. Mill throughput was restricted due to the availability of crushed ore from the crushing circuit. The processing of wet, higher clay ore from the bottom of Phase 2 and low-grade stockpile, and oxidized higher clay ore from the top benches of the North Pit, negatively impacted crusher circuit performance during the quarter. The crushing circuit with its newly installed main shaft continues to perform well when processing clean ore, consistent with historical performance. The Company started implementing improvements to the crushing circuit during the quarter to support sustainable design performance on the varying ore types. Implementation of these improvements, which began in June, is resulting in throughput improvements and the milling circuit is ready to process the design throughput.
Copper recovery was 79.1% in Q2 2022 as compared to 79.4% in Q2 2021. The milling of high oxide material from the initial benches of the North Pit and some higher oxide material in the low-grade stockpile negatively impacted recovery. The Company has now mined through most of the North Pit higher oxide zones. It expects the copper recovery to improve for the remainder of the year, with even further increases scheduled with the completion of the plant improvement and optimization projects and Phase 4 ore supply coming online.
Mill availability averaged 89.0% for Q2 2022 as compared to 94.1% in Q2 2021. Mill availability was impacted by the feed lines sanding and plugging to Ball Mill 3 when operating at low tonnage rates. This was modified at the end of the quarter and Ball Mill 3 can now support stable production at all tonnages rates.
The Company continues to advance its plant improvement and optimization projects at the mine. The installation of an additional large column flotation cell to increase cleaner circuit capacity was completed and fully commissioned during the quarter. This large new flotation cell provides additional cleaner circuit capacity to handle higher mill feed grades at higher tonnage rates. The new filter press has also been installed and is in the final stages of commissioning. This second filter press will allow for maintaining design mill tonnage rates during extended periods of higher grades, eliminating the requirement to reduce mill tonnage as was experienced in 2021. The new filters will fully support the planned increased production levels in the second half of 2022 and 2023 at any grade. The expansion to the rougher flotation circuit is about 40% complete and is now planned to be completed in Q4 2022, which will support high recovery, especially on slower kinetic ore types. Supply chain issues delayed the delivery of certain parts of the rougher expansion, pushing the completion date by a few months.
Costs
C1 cash cost, AISC and AIC per pound of copper produced are non-GAAP financial measures. See "Cautionary Note Regarding Non-GAAP Performance Measures" in this press release.
C1 cash cost per pound of copper produced, net of precious metal credits, for Q2 2022 was US$2.92, as compared to US$1.38 in Q2 2021. The variance in C1 cash costs for Q2 2022, as compared to Q2 2021, was due to several items, including:
- Lower copper production due to lower mill feed grade and reduced mill throughput; and,
- Inflationary pressures increased the cost of fuel, grinding media, and mobile equipment repairs,
With production levels expected to increase throughout the remainder of the year and an easing of the temporary operating costs from H1 2022, the Company anticipates C1 cash cost per pound of copper produced to markedly improve for the remainder of 2022.
AISC per pound of copper produced for Q2 2022 was US$3.65, compared to US$1.83 in Q2 2021. AISC carries forward from C1 cash costs with the addition of $12.3 million in sustaining capital, lease, and applicable administration expenditures in Q2 2022 compared to $14.1 million in Q2 2021. The increase in AISC is carried forward from higher C1 cash costs and higher sustaining capital of $8.9 million in Q2 2022 compared to sustaining capital of $7.0 million in Q2 2021.
Sustaining capital costs for Q2 2022 were higher than Q2 2021 mainly due to $2.9 million of expenditures for the new road overpass that will eliminate traffic interference with haulage trucks on the main waste haul road, thereby improving productivity by reducing haul truck cycle times and delays. Capital expenditures for these haul truck productivity improvements were completed in Q2 2022. Sustaining capital also includes costs associated with the mine's environmental water management projects. The mine water management projects have been substantially advanced and are expected to be fully completed in Q3 2022.
AIC per pound of copper produced for Q2 2022 was US$4.93, as compared to US$2.06 in Q2 2021. AIC carries forward from AISC with the addition of $21.7 million in deferred stripping as compared to $7.1 million in deferred stripping in Q2 2021. Deferred stripping costs in Q2 2022 were from regular development activities as the Company continued to advance the development of the higher grade Phase 4 pushback of the Main Pit.
In Q2 2022, revenue was $59.1 million, net of pricing adjustments and treatment charges, compared to $142.1 million in Q2 2021. Revenue in Q2 2022 is based on the sale of 12.9 million pounds of copper, 5,069 ounces of gold, and 57,653 ounces of silver. This compares to 21.7 million pounds of copper, 6,545 ounces of gold, and 121,291 ounces of silver sold in Q2 2021. The decrease in revenue was due to lower quantities of all metals sold and at a lower average price.
Cost of sales in Q2 2022 was $68.3 million as compared to $56.3 million for Q2 2021. The increase in cost of sales can largely be attributed to the increase in higher fuel and steel costs, and increased maintenance contractor support required to assist with managing COVID-19 absences, and other related workforce absences.
The Company generated a gross loss of $9.2 million in Q2 2022 as compared to a gross profit of $85.8 million for Q2 2021. The Company reported a net loss of $5.3 million for Q2 2022 as compared to a net income of $38.7 million for Q2 2021. The variance in net income for Q2 2022, as compared to Q2 2021, was due to several items, including:
- Lower revenue in Q2 2022 due to fewer pounds of copper sold as compared to Q2 2021.
- Q2 2022 included a $15.9 million negative mark to market and final adjustment from provisional pricing on concentrate sales, as compared to an $8.8 million positive mark to market and final adjustment from provisional pricing on concentrate sales for Q2 2021.
- Higher cost of sales in Q2 2022 due to increased operating costs as compared to Q2 2021.
On an adjusted basis, the Company recorded net earnings of $3.7 million in Q2 2022, or $0.02 per share, compared to net earnings of $32.2 million in Q2 2021, or $0.15 per share.
Copper Mountain Mine, Canada
The Company's mill optimization and improvement projects at the mine site continue to progress. The cleaner column expansion project was completed and commissioned during the quarter and the filter press expansion was completed and is in commissioning. The rougher expansion project has experienced some delays due to supply chain issues and is now expected to be completed in Q4 2022. Phase 1 of the Trolley Assist project was completed during the first quarter and the one-kilometer trolley-assist haul ramp and seven pantograph-equipped electric haul trucks were successfully commissioned.
Eva Copper Project, Australia
The Company announced updated economics for the Eva Copper Project, including capital and operating costs, at the end of 2021. The Company continues to advance project financing and detailed engineering on the project. In addition, the Company is evaluating strategic opportunities for the Eva Copper Project, and has engaged Macquarie Capital to assist with this process.
Exploration Update
Canada
The drilling program, which was initiated in March 2021 with the objective of expanding resources and reserves at the Copper Mountain Main Pit, North Pit, and New Ingerbelle, is complete. The program consisted of a total of 38,000 metres of diamond drilling. Results were positive with significant copper intersections below the current reserve pits.
In January 2022, the Company announced continued positive results from drilling at New Ingerbelle, extending mineralization at depth and to the west. For further details, please see the Company's January 20, 2022, and September 9, 2021 press releases. The Company plans to incorporate the results of the 2021-2022 drilling program into an updated mineral reserves and mineral resources estimate, along with a new "Life of Mine Plan", which is expected to be published in the third quarter of 2022.
Australia
In late 2021, the Company completed an exploration program on its Cameron Copper Project, located approximately 40 kilometres south of its Eva Copper Project. The program was designed to discover additional copper, copper-gold or gold deposits. The program, which consisted of detailed geophysical, geochemical, and geological surveys followed by drill testing, produced encouraging results with multiple mineralized zones identified. A total of 60 reverse circulation holes (6,997 metres of drilling) and 7 diamond drill holes (1,341 metres of drilling) were completed on a series of targets at Cameron (C1, C1 South, C2, C3, C6, and C24). The drill program encountered intercepts of high-grade mineralization, within long, low-grade mineralized envelopes, with lateral continuity between intercepts of up to 1 kilometre. For drill hole results please see Copper Mountain's October 12, 2021 press release.
The Company is currently conducting a review and evaluation of exploration targets on the entire Cameron license block. Data from last years program is being integrated with open file geophysical data to produce an improved understanding of the structural and stratigraphic setting of copper prospects at Cameron. Additional geophysical surveys are planned for the second half of 2022 and will guide subsequent drill testing of targets.
This section of the press release provides management's production and cost estimates for 2022. See "Cautionary Note Regarding Forward-Looking Statements" in this press release. AIC per pound of copper produced is a non-GAAP financial measure. See "Cautionary Note Regarding Non-GAAP Financial Measures" in this press release.
As a result of H1 2022 production results, the Company now expects annual production in the range of 65 to 75 million pounds of copper. The Company expects production in the second half of 2022 to be considerably higher than the first half of 2022 as the Company begins to mine from higher grade ore from Phase 4 of the Copper Mountain Main Pit in July. The higher grade Phase 4 ore is expected throughout the remainder of 2022 and through 2023. As a result, the Company is reiterating its 2023 production guidance range of between 90 to 105 million pounds of copper.
The Company is increasing its AIC per pound of copper cost guidance for 2022 to the range of between US$2.75 and US$3.25 because of the higher-than-planned AIC in H1 2022 and inflationary pressures noted. As production is expected to increase throughout 2022, and there were a number of non-recurring expenses in H1 2022, the Company expects AIC to improve for the remainder of 2022.
Copper Mountain will host a conference call on Monday, July 25, 2022 at 7:30 am (Pacific Time) for senior management to discuss second quarter 2022 results.
Dial-in information:
Toronto and international: 1 (416) 764 8650
North America (toll-free): 1 (888) 664 6383
Webcast: https://produceredition.webcasts.com/starthere.jsp?ei=1557958&tp_key=b1495c40ef
Replay information:
Toronto and international: 1 (416) 764 8677, Passcode: 796638#
North America (toll-free): 1 (888) 390 0541, Passcode: 796638#
The conference call replay will be available until 8:59 pm (Pacific Time) on August 1, 2022. An archive of the audio webcast will also be available on the company's website at http://www.cumtn.com.
Copper Mountain's flagship asset is the 75% owned Copper Mountain Mine located in southern British Columbia near the town of Princeton. The Copper Mountain Mine currently produces approximately 100 million pounds of copper equivalent per year. Copper Mountain also has the 100% owned development-stage Eva Copper Project, which is expected to add approximately 100 million pounds of copper annually, in Queensland, Australia, and an extensive 2,100 km2 highly prospective land package in the Mount Isa area. Copper Mountain trades on the Toronto Stock Exchange under the symbol "CMMC" and Australian Stock Exchange under the symbol "C6C".
Additional information is available on the Company's web page at www.CuMtn.com.
On behalf of the Board of
COPPER MOUNTAIN MINING CORPORATION
"Gil Clausen"
Gil Clausen, P.Eng.
President and Chief Executive Officer
Website: www.CuMtn.com
This document may contain "forward looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). These forward-looking statements are made as of the date of this document and Copper Mountain does not intend, and does not assume any obligation, to update these forward-looking statements, whether as a result of new information, future events or otherwise, except as required under applicable securities legislation.
All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements relate to future events or future performance and reflect our expectations or beliefs regarding future events.
In certain circumstances, forward-looking statements can be identified, but are not limited to, statements which use terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes", "forecasts", "guidance", scheduled", "target" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved" or the negative of these terms or comparable terminology. In this document, certain forward-looking statements are identified, including production and cost guidance, anticipated production at the Copper Mountain Mine, expectations regarding the impact of the COVID-19 pandemic on operations, financial condition and prospects, anticipated metals prices and the anticipated sensitivity of the Company's financial performance to metals prices, the timing and results of the Company's exploration and development programs, the timing of the Company's plant improvement and optimization projects at the Copper Mountain Mine, the timing of the Company's updated mineral reserves and mineral resources estimate and new life of mine plan for the Copper Mountain Mine, the timing of studies, announcements, and analysis, events that may affect its operations and development projects, anticipated cash flows from operations and related liquidity requirements, the anticipated effect of external factors on revenue, such as commodity prices, estimation of mineral reserves and resources, mine life projections, reclamation costs, economic outlook, the impact of inflation, government regulation of mining operations, and business and acquisition strategies. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results, performance, achievements and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, among others, the successful exploration of the Company's properties in Canada and Australia, market price, continued availability of capital and financing and general economic, market or business conditions, extreme weather events, material and labour shortages, the reliability of the historical data referenced in this document and risks set out in Copper Mountain's public documents, including in each management's discussion and analysis and the Company's most recent annual information form, filed on SEDAR at www.sedar.com. The potential effects of the COVID-19 pandemic on Copper Mountain's business and operations are unknown at this time, including Copper Mountain's ability to manage challenges and restrictions arising from COVID-19 in the communities in which Copper Mountain operates and its ability to continue to safely operate and to safely return the business to normal operations. The impact of COVID-19 is dependent on a number of factors outside of the Company's control and knowledge, including the effectiveness of the measures taken by public health and governmental authorities to combat the spread of the disease, global economic uncertainties and outlook due to the disease, and the evolving restrictions relating to mining activities and to travel in certain jurisdictions in which Copper Mountain operates. Although Copper Mountain has attempted to identify important factors that could cause the Company's actual results, performance, achievements and opportunities to differ materially from those described in its forward-looking statements, there may be other factors that cause the Company's results, performance, achievements and opportunities not to be as anticipated, estimated or intended. While the Company believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Accordingly, readers should not place undue reliance on the Company's forward-looking statements.
This document includes certain non-GAAP performance measures that do not have a standardized meaning prescribed by International Financial Reporting Standards ("IFRS"). These measures may differ from those used and may not be comparable to such measures as reported by other issuers. The Company believes that these measures are commonly used by certain investors, in conjunction with conventional IFRS measures, to enhance their understanding of the Company's performance. These performance measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. These measures have been derived from the Company's financial statements and applied on a consistent basis. The calculation and an explanation of these measures is provided in the Company's MD&A and such measures should be read in conjunction with the Company's financial statements.
Condensed Consolidated Statements of Financial Position
(In thousands of Canadian dollars)
Condensed Consolidated Statements of Income and Comprehensive Income
(In thousands of Canadian dollars, except for number of and earnings per share)
Condensed Consolidated Statements of Cash Flows
(In thousands of Canadian dollars)
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SOURCE Copper Mountain Mining Corporation | https://www.weau.com/prnewswire/2022/07/25/copper-mountain-mining-announces-q2-2022-financial-results/ | 2022-07-25T13:08:59Z | https://www.weau.com/prnewswire/2022/07/25/copper-mountain-mining-announces-q2-2022-financial-results/ | true |
Award-winning refrigerators, freezers and induction cooktops all contributing to company's sustainability goals
CHARLOTTE, N.C., July 25, 2022 /PRNewswire/ -- Electrolux announced that eight more of its appliances have been awarded the U.S. Environmental Protection Agency's 2021-2022 ENERGY STAR® Emerging Technology Award (ETA), creating a total of 12 ETA awards for the company. All these appliances have been recognized for their significant greenhouse gas reductions driven by energy efficiency.
The recent winning appliances include:
- Frigidaire 20 cu. ft Upright Freezer in White and Carbon
- Frigidaire Professional 19 Cu. Ft. Single-Door Refrigerator
- Electrolux 18.6 Cu. Ft. Single-Door Refrigerator
- Frigidaire 30'' and 36" Induction Cooktop
- Electrolux 30'' and 36" Induction Cooktop
"We are so proud of these twelve sustainability awards," said Nolan Pike, head of Electrolux North America. "Sustainability is at the heart of the experiences and solutions we develop. These twelve appliances eliminate food waste, make food last longer and have faster cooking times."
Electrolux has long been a globally recognized leader in sustainability and is focused on sustainable product design, energy efficiency and innovative solutions that eliminate food waste. The company has also set ambitious 2030 sustainability targets, including becoming circular and climate-neutral in its operations.
These award-winning products meet the EPA's rigorous performance criteria to reduce energy use and lower greenhouse gas emissions. The per-unit efficiency of these refrigerators and freezers is a least 25% more efficient than conventional units, according to ENERGY STAR. The per-unit efficiency of induction cook tops is about 5-10% more efficient than conventional electric resistance units and about three times more efficient than gas, also according to ENERGY STAR.
"The ENERGY STAR Emerging Technology Award is given to products that are on the cutting edge of environmental performance," said Ann Bailey, Director, EPA ENERGY STAR Products Program. "Congratulations to Electrolux for its leadership in bringing new refrigeration and induction cooktop models to the market. We look forward to working with them to promote these super-efficient products to consumers nation-wide."
Electrolux is a leading global appliance company that has shaped living for the better for more than 100 years. We reinvent taste, care and wellbeing experiences for millions of people, always striving to be at the forefront of sustainability in society through our solutions and operations. Under our brands, including Electrolux, AEG and Frigidaire, we sell approximately 60 million household products in approximately 120 markets every year. In 2021, Electrolux North America had sales of nearly $5 billion and employed about 12,000 people. For more information, go to www.electroluxgroup.com.
ENERGY STAR® is the government-backed symbol for energy efficiency, providing simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Since 1992, ENERGY STAR and its partners have helped American families and businesses save 5 trillion kilowatt-hours of electricity, avoid more than $450 billion in energy costs, and achieve 4 billion metric tons of greenhouse gas reductions.
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THIS conference, Mark Barroca has achieved two different milestones for his career, but would rather take the ultimate prize of a championship at the end of the PBA Philippine Cup.
Mark Barroca on joining 5k-ponint club
Barroca on Sunday eclipsed 5,000 points for his career in the Hotshots’ 98-89 win over NLEX in Game One of their quarterfinal series. Incidentally, it was during their elimination round match against the Road Warriors that Barroca played his 500th straight game of his career to remain second behind LA Tenorio for consecutive matches played in the league.
For the 36-year-old Barroca, though, those achievements remain secondary.
“Sa career ko, wala naman akong hinahangad kundi mag-champion,” said Barroca, a six-time PBA champion including the 2014 grand slam with San Mig Coffee although his last title was in the 2018 Governors’ Cup.
“’Yun naman sabi ko kay coach na binuo ang team na ‘to hindi ang para makuha ‘yung award. Bonus ‘yung award pero ang goal namin is manalo ng championship,” he said.
Barroca is hoping that Magnolia would indeed capture the crown this time around after being so close to the championship many times including the 2021 Philippine Cup where it lost to TNT.
So far, the Hotshots have a strong chance of contending for the title. With an eight-game winning streak, Magnolia can seal its place into the semifinals with another victory over NLEX on Friday.
Barroca said the entry of Calvin Abueva, acquired in a trade with Phoenix before the 2021 season, would finally pay dividends this conference.
“’Yung nakuha namin si Calvin, ang usapan namin nila coach, it’s about three years na itong program na ginagawa namin ngayon. Sana makakuha ng championship especially itong grupo na ‘to. Sana pagtrabahuan. Lagi kaming nagpe-prepare sa offseason. Lahat may extra work, hindi lang sa team kundi sa outside, bawat isa, nageextra,” said Barroca.
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Supreme Court overturns Roe v. Wade: How have GOP-led states reacted in the month since?
Many Republican-controlled states are postponing any major decision until the next legislative session
The U.S. Supreme Court’s June 24 reversal of Roe v. Wade, the landmark 1973 decision that legalized abortion at the federal level, has set off a political earthquake that is pitting advocates and opponents against each other ahead of the November midterms.
Conservatives have hailed the decision as a decisive victory for the pro-life movement, while progressives have argued the move sets the clock back on women's rights. Meanwhile, states have been scrambling to adjust their laws, and approximately half of the states are expected to enact abortion bans — though exactly when those bans go into effect varies.
In states controlled by Democrats, abortion access will largely be unchanged and, in some cases, be easier to access. However, in Republican-controlled states, the situation is mixed. Some states had trigger bans that went into effect the day the court’s decision was made, while others are postponing major decisions until the next legislative session.
Here is an overview of how Republican-controlled states are responding to their newfound authority over abortion laws:
ALABAMA
Alabama made abortions almost entirely illegal the day of the court’s decision last month. The three remaining clinics in the state stopped providing abortions that morning under fear of prosecution under a 1951 state law.
A 2019 state abortion ban took effect, making it a felony to perform an abortion at any stage of pregnancy, with no exceptions for pregnancies caused by rape or incest.
Alabama Attorney General Steve Marshall said it is now a felony to provide an abortion in Alabama beyond the one exception allowed in the 2019 law, which is for the sake of the mother's health.
ALASKA
Despite Republicans currently holding a majority of seats in the legislature, the Supreme Court’s decision to overturn Roe has not immediately affected abortion rights in Alaska, due to a State Supreme Court decision that has interpreted the right to privacy in the state constitution as encompassing abortion rights.
ARIZONA
Arizona lawmakers passed a 15-week abortion ban in March that is set to take effect on Sept. 24. Restrictions include bans on abortions because of gender and a 2021 law that makes it a felony for a doctor to terminate a pregnancy because the fetus has a survivable genetic abnormality.
The state also has a pre-statehood law on the books that would ban all abortions, though it has not been enforced since Roe was decided. Republican Gov. Doug Ducey said the March abortion ban takes precedence over the total ban that remains on the books.
Abortion providers across the state have stopped all procedures out of fear that doctors, nurses and other providers could be prosecuted under the pre-Roe ban.
ARKANSAS
Before the Supreme Court’s ruling, Arkansas already had a law banning most abortions 20 weeks into a woman's pregnancy, with exceptions for rape, incest and the life of the mother. Hours after the Supreme Court ruling, Attorney General Leslie Rutledge signed a certification that Roe had been overturned. The certification allowed the state's "trigger ban" to take effect immediately, which altered the state law to include a single exception — to protect the life of the mother in a medical emergency.
FLORIDA
In the lead-up to the court’s decision, Florida’s Republican-controlled legislature passed a ban on abortions after 15 weeks of pregnancy, except to save the mother's life, prevent serious injury or if the fetus has a fatal abnormality. It does not allow for exemptions in cases where pregnancies were caused by rape or incest.
The 15-week ban took effect in Florida on July 1. It was briefly on hold July 5 due to a judge's order in a case brought by abortion providers who argued it "violates the privacy provision of the Florida Constitution." But the state's appeal automatically put the restrictions into effect.
GEORGIA
Georgia lawmakers passed a law in 2019 by one vote that would ban most abortions after about six weeks of pregnancy and contains language designating a fetus as a person for certain state-law purposes, such as income tax deductions and child support. A federal judge struck it down in 2020, saying it was unconstitutional. The state appealed to the 11th U.S. Circuit Court of Appeals, which on July 20 overruled the lower court's decision blocking enforcement of the law and allowing the measure to take effect immediately.
The change comes in the middle of tightly contested races in Georgia for governor and U.S. Senate. Some Republican lawmakers and candidates want Georgia to go further and ban abortion entirely, but Republican Gov. Brian Kemp is unlikely to call a special session before this November's general election.
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IDAHO
Earlier this year, Idaho state lawmakers passed a ban prohibiting abortions after about six weeks of pregnancy and authorizing family members to sue medical providers for performing an abortion. That law is on hold following a challenge by Planned Parenthood, and the Idaho Supreme Court will hear arguments in the case next month.
The Supreme Court’s decision triggers a 2020 Idaho law banning all abortions except in cases of reported rape or incest, or to protect the mother's life, to take effect 30 days after the Supreme Court ruling. In cases of rape or incest, pregnant women would be required to file a police report and provide a copy of the report to the provider before the procedure. If the Idaho Supreme Court upholds the state's abortion ban, a medical provider who performs an abortion in Idaho could face a lawsuit and criminal charges.
INDIANA
Abortion in Indiana is legal up to about 20 weeks, with some provisions for medical emergencies. After the court’s decision, a federal judge lifted an injunction that had blocked a 2019 law banning a second-trimester abortion procedure.
Indiana’s Republican-controlled legislature is expected to further tighten abortion laws during a special legislative session — but details on additional restrictions remain unclear at this time.
IOWA
A week before the Supreme Court overturned Roe, Iowa’s high court — which has a conservative majority — overturned a 2018 decision declaring access to abortion a "fundamental" right under the state constitution. The decision allowed a state law requiring a 24-hour waiting period to go into effect immediately, but that requirement is being challenged in district court.
For now, nothing has changed with respect to the Supreme Court’s decision. Republican state lawmakers are trying to get an amendment on the ballot in 2024 that would declare the state constitution does not grant a right to abortion but, with Roe overturned, Iowa lawmakers can ban abortion without completing that lengthy process.
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KANSAS
Kansas does not ban most abortions until the 22nd week of pregnancy, and nothing immediately changed following the court’s June 24 decision. Republican state lawmakers have put on the Aug. 2 ballot an amendment that would declare the state constitution does not grant a right to abortion, allowing lawmakers to restrict abortion as much as the federal courts will allow.
If voters approve the amendment, the legislature would still have to approve the new restrictions, and lawmakers are out of session until January 2023. They can call themselves in to a special session with a two-thirds majority, but they're likely to wait until after voters decide in the November general election whether to give Democratic Gov. Laura Kelly a second term.
KENTUCKY
Kentucky banned all abortion services in April after the state’s Republican-controlled legislature imposed new restrictions and reporting requirements on the state's two abortion clinics. Abortions were allowed to resume after a federal judge on June 30 temporarily blocked key parts of the law, including a provision banning abortions after 15 weeks of pregnancy.
The measure contains a narrow exception allowing abortion to prevent the death or permanent injury of the mother. Kentuckians will vote this November on a proposed amendment declaring that the state constitution does not guarantee the right to an abortion.
LOUISIANA
A statewide abortion ban has taken effect twice and been blocked twice in Louisiana since the court’s June 24 decision. Judge Donald Johnson, a state district judge in Baton Rouge, issued a preliminary injunction effectively allowing the state’s three remaining abortion clinics to continue providing the procedure.
Meanwhile, a lawsuit filed by a north Louisiana abortion clinic and others continues. With Johnson’s order, attorneys on both sides of the debate have 30 days to develop plans for a trial on whether the law should be permanently blocked.
UNIVERSITY OF FLORIDA STUDENT GOVERNMENT OKS ‘PLAN B’ VENDING MACHINES FOR MORNING-AFTER PILL
MICHIGAN
Anticipating that the court would overturn Roe v. Wade, Planned Parenthood of Michigan filed a lawsuit challenging a dormant 1931 law that bans nearly all abortions with no exceptions in cases of rape or incest. A state judge suspended the law in May, saying it violates the state's constitution. Democratic Gov. Gretchen Whitmer and Attorney General Dana Nessel, both Democrats, hailed the decision.
An injunction granted in the Planned Parenthood case ensures that abortion does not immediately become illegal. Whitmer — a firm supporter of abortion rights — also filed suit, asking the state's Supreme Court to declare the 91-year-old law unconstitutional. It has yet to act on the governor's request.
Reproductive Freedom for All, an abortion rights group, has turned in more than 753,000 signatures of the needed 425,000 to put a vote to enshrine abortion access in the state constitution on the November ballot. The Board of State Canvassers must validate the signatures before the proposed amendment can appear on the ballot. The measure would become law if voters approved it.
MISSISSIPPI
Mississippi’s efforts to enact a state law in 2018 banning most abortions after 15 weeks is the basis for Dobbs v. Jackson Women’s Health Organization, the case that ultimately led to the Supreme Court’s decision overturning Roe v. Wade.
The state’s sole abortion clinic, Jackson Women's Health Organization, closed its doors on July 6 and said it was relocating to New Mexico. Earlier this month, the clinic ended its challenge of a law that bans most abortions once Roe v. Wade is overturned. A judge rejected the clinic's request to block the law from taking effect. As of July 7, abortions are allowed in cases of rape or if the woman’s life is in danger. Any person who knowingly performs or attempts to induce an abortion, except the pregnant woman, could be punished by up to 10 years in prison.
The state attorney general was expected to respond to a request from the clinic’s lawyers asking the Mississippi Supreme Court to block the new ban on most abortions.
MISSOURI
The day Roe was overturned, a 2019 state law banning abortions "except in cases of a medical emergency" kicked in. Under the law, physicians who perform an illegal abortion face felony charges with five to 15 years in prison, though women receiving abortions cannot be prosecuted.
MONTANA
Montana did not enact a ban after the Supreme Court overturned Roe. Before the June 24 decision, a series of legal challenges to Montana’s law reducing the time women can receive an abortion from 24 weeks to 20 weeks was working its way through the courts.
The state has asked the Montana Supreme Court to vacate an injunction blocking enforcement of the law and overturn a 1999 Montana Supreme Court opinion that found the state's constitutional right to privacy guarantees a woman's access to abortion care.
Montanans will vote in November on whether they support a state law to require abortion providers to give life-saving treatment to a fetus that is born alive after a botched abortion.
NEBRASKA
Nebraska’s circumstances are unique, given its officially nonpartisan legislature with a Republican majority. A ruling that lets states set their own abortion laws will trigger an immediate push by Nebraska conservatives to ban the procedure, but it's not clear whether they could do it this year. Unlike other conservative states, Nebraska doesn't have a trigger law that automatically outlaws abortion.
Gov. Pete Ricketts and other Republican leaders have said they'll seek a special legislative session, but it's not clear whether they have enough votes to pass anything. If a proposed abortion ban fails during a special session, or if no special session is called, the issue will likely become a factor in the November election.
NEW HAMPSHIRE
In anticipation of the Supreme Court’s decision, New Hampshire Democrats, outnumbered by Republicans, tried unsuccessfully to enshrine abortion rights into state law and the state constitution.
However, nothing changed immediately after the ruling. The legislature won't return until this fall, when there will be a one-day session to take up vetoed bills, and it would take a two-thirds majority vote to introduce new legislation then.
The majority leader of the New Hampshire House has said the public should not expect Republicans in the legislature to further tighten state abortion laws. But anti-abortion lawmakers who have filed bills in the past are expected to try again.
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NORTH CAROLINA
One the day of the court’s decision, Republican state lawmakers asked state Attorney General Josh Stein, a Democrat and abortion rights supporter, to demand an injunction on a 20-week abortion be lifted — otherwise, they would intervene.
Stein hasn't committed to going to court, telling lawmakers on July 1 that a "thorough legal review" of the matter may take weeks to complete.
Separately, Democratic Gov. Roy Cooper signed an executive order on July 6 that shields out-of-state abortion patients from extradition and prohibits agencies under his control from assisting other states' prosecutions of abortion patients who travel to North Carolina for the procedure.
Republican General Assembly leaders didn't consider additional abortion restrictions in their legislative session that ended July 1. But the party is expected to intensify its efforts in this year's elections to gain the five additional seats it needs for veto-proof margins
NORTH DAKOTA
Prior to the Court's decision, a North Dakota law banning abortions once a heartbeat is detected never took effect because the state's lone abortion clinic successfully challenged it in court. One failed Republican proposal would have charged abortion providers with murder with a maximum sentence of life in prison.
North Dakota has a trigger law that will shut down the Red River Women's Clinic, the state's sole abortion clinic, in Fargo after 30 days, though the clinic filed a lawsuit in early July seeking to ban the law from taking effect. That 2007 state law makes it a felony to perform an abortion unless necessary to prevent the pregnant woman's death or in cases of rape or incest. Violators could be punished with a five-year prison sentence and a $10,000 fine.
The owner and operator of the clinic has said she would explore all legal options to ensure abortion services are available in the state.
OHIO
Hours after the court’s ruling, a ban on most abortions at the first detectable heartbeat became the law in Ohio.
Enforcement of Ohio's 2019 "heartbeat" ban had been on hold for nearly three years under a federal court injunction. The state attorney general, Republican Dave Yost, asked for that to be dissolved because of the high court's ruling, and U.S. Judge Michael Barrett agreed hours later.
Two trigger bills are on hold in the legislature, but a key legislative leader has said he anticipates needing to write new legislation that more carefully reflects the actual ruling.
OKLAHOMA
The court’s ruling has had little effect in Oklahoma, given the state’s yearslong efforts to rein in abortion access. The Sooner State has a trigger law that outlawed abortion as soon as Roe was overturned.
Meanwhile, abortion providers who had been operating in the state are taking steps to help patients seek abortions out of state, including coordinating funding for these women and developing a referral network of therapists to help address complications before or after a woman receives an abortion.
SOUTH CAROLINA
After Roe v. Wade was overturned, a federal judge allowed South Carolina to enforce a 2021 law that requires doctors to use an ultrasound to try to detect heartbeats if they think a pregnant woman is at least eight weeks pregnant. Under that law, which is currently tied up in a federal lawsuit, doctors can only perform an abortion if the woman’s life is in danger or the pregnancy was the result of rape or incest.
Planned Parenthood said it would continue to perform abortions in South Carolina under the parameters of the new law. The group has also sued over the new restrictions, arguing they violate state constitutional rights to privacy and equal protection.
Republican leaders had agreed they could return for a special session to take up more restrictive abortion bills if the Supreme Court overturned Roe v. Wade. They have yet to announce a special session.
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SOUTH DAKOTA
After the court’s ruling, South Dakota enacted a law immediately banning abortions except if the woman’s life was at risk.
Republican Gov. Kristi Noem initially called for a special session to craft new laws in light of the decision but later reversed course. Some lawmakers, meanwhile, have floated proposals that would make it more difficult for women to seek an abortion out of state. Abortion rights advocates are preparing for a similar referendum on abortion access. The ban on abortions could eventually be challenged through a citizen-initiated ballot measure.
TENNESSEE
Four days after the Supreme Court ruling, a federal appeals court let a 2020 law banning most abortions when a heartbeat can be detected — at about six weeks — to go into effect.
Republican Attorney General Herbert Slatery III said a trigger law will go into effect in mid-August that bans all abortions in Tennessee, except when necessary to prevent death or "serious risk of substantial and irreversible impairment of a major bodily function." He has said the trigger law would take precedence over the 2020 law.
TEXAS
Texas was reining in abortion access months ahead of Roe v. Wade being overturned. In September, the state passed a law banning most abortions after about six weeks, with no exceptions.
The court’s decision on Roe set in motion the Lone Star State’s trigger law that will ban virtually all abortions in the weeks ahead. Clinics have tried to continue serving patients in the meantime, but a new round of court battles over whether a dormant 1925 abortion ban can be enforced has already stopped most doctors from performing abortions.
YOUTUBE TO REMOVE ABORTION ‘MISINFORMATION,’ ADD ‘CONTEXT AND INFORMATION’ TO RELATED CONTENT
UTAH
After the Supreme Court ruling, Utah moved to implement two new restrictions: a law outlawing nearly all abortions, and a ban on abortions after 18 weeks that was passed a year earlier.
The trigger law does have narrow exceptions for rape and incest if those crimes are reported to law enforcement, and for serious risk to the life or health of the mother, as well as confirmed lethal birth defects. The Planned Parenthood Association of Utah subsequently filed a lawsuit in state court, arguing it violated the Utah Constitution. Meanwhile, legal challenges blocking the 18-week law based on Roe v. Wade were dismissed. That law took effect while courts weighed state constitutional challenges to its trigger law.
Earlier this month, a judge put Utah's trigger law banning most abortions on hold until Planned Parenthood's lawsuit is decided. If it takes effect, performing an abortion would be a felony punishable by up to 15 years in prison and a $10,000 fine.
WEST VIRGINIA
West Virginia’s single abortion clinic halted services immediately after the court’s ruling for fear of being prosecuted under a 19th-century state law banning abortion that makes no exceptions for rape or incest.
But last week, the clinic changed course and began making appointments for abortions again as litigation over the old law continued. Under that law, providers who perform abortions can face felony charges and three to 10 years in prison, unless the abortion is conducted to save a patient's life. In 2018, West Virginia voters approved a constitutional amendment to declare patients do not have the right to abortion.
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For now, it remains unclear how the state law banning abortion will be enforced. Republican leaders and legislative attorneys have said they are reviewing each statute on the books "to determine how they apply" in light of Roe being overturned. No lawmakers have commented on whether they intend to outlaw medication-induced abortion.
WISCONSIN
After Roe was overturned, it was presumed that an 1849 state law making an abortion a felony offense could go into effect, and doctors have halted procedures.
However, Wisconsin Democratic Attorney General Josh Kaul has argued that the law is so old that it's unenforceable. On June 28, Kaul filed a lawsuit against Republican leaders of the legislature, arguing that the 1849 abortion ban conflicts with a 1985 law that prohibits abortion either after 20 weeks or at the point of fetal viability. His lawsuit says the 1985 law should take precedence.
Republican lawmakers are expected to attempt to clarify the 19th-century law during next year's legislative session to ensure a ban is in place, even as that issue is being argued in the courts.
WYOMING
Wyoming passed a law in 2021 requiring physicians to provide lifesaving care to any aborted fetus born alive. The law only provides exceptions in cases of rape or incest or to protect the mother's life or health.
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A planned women's health clinic in Casper that would have been the only one offering abortions in the state was on track to open in mid-June, but an arson fire on May 25 delayed those plans by around six months. The clinic's founder, Julie Burkhart, said she still plans to open the clinic and will continue to seek legal means to keep abortion legal in Wyoming.
Meanwhile, Republican Attorney General Bridget Hill notified the governor that the state’s trigger abortion ban "would be fully authorized" under the Supreme Court’s decision, though it remains unclear when the governor will enact the ban.
The Associated Press contributed to this report. | https://www.foxnews.com/politics/supreme-court-overturns-roe-v-wade-gop-states-reaction | 2022-07-25T13:11:07Z | https://www.foxnews.com/politics/supreme-court-overturns-roe-v-wade-gop-states-reaction | false |
VANCOUVER, BC, July 25, 2022 /PRNewswire/ - Mobilum Technologies Inc. (the "Company") (CSE: MBLM) (OTC: MBLMF) (FRA: C0B), announces that audit work on its financial statements for the year-ended February 28, 2022 has now been completed, and the statements, along with the accompanying managements' discussion and analysis and officer certifications have been filed. Readers are encouraged to review these materials under the profile for the Company on the SEDAR website (www.sedar.com).
As a result of the delay in completing audit work and availability of accounting staff, the Company does now anticipate that it will be delayed in the filing of its interim financial statements for the three-month period ended May 31, 2022 and the accompanying managements' discussion and analysis (collectively, the "Required Filings") which are required to be filed on or before August 2, 2022. The Company anticipates that the Required Filings will be completed and filed on or before August 12, 2022.
As a result of the expected delay, the Company intends to apply to the British Columbia Securities Commission for a further management cease trade order ("MCTO"). If granted, while the MCTO is in place, it will restrict all trading by the Company's CEO and CFO in securities of the Company, whether direct or indirect. The issuance of the MCTO will not affect the ability of persons who are not directors, officers or insiders of the Company to trade the Company's securities. The MCTO would remain in effect until the Required Filings are completed or until the order is revoked or varied.
The Company reaffirms that it will continue to satisfy the provisions of the alternative information guidelines described in sections 9 and 10 of National Policy 12-203 – Management Cease Trade Orders ("NP 12-203") for so long as it remains in default of the requirement to file the Required Filings. There has not been any other specified default by the Company under NP 12-203. The Company has not taken any steps towards any insolvency proceeding and the Company has no other material information to release to the public. The Company has made the foregoing representations in accordance with the requirements of applicable securities laws.
Mobilum Technologies Inc. (CSE: MBLM) (OTC: MBLMF) (FRA: C0B) is a technology-driven Digital Service Provider (DSP) with a mission to make digital assets and cryptocurrencies accessible through traditional finance and payment infrastructure and digital asset management technologies, providing solutions for Exchanges, Wallets and Cryptocurrency Businesses, NFTs marketplaces, Protocols, Decentralized Applications and Decentralized Autonomous Organizations, Metaverse and Play-to-Earn games, and Traditional Finance Institutions (Banks, Hedge Funds, Insurance and Fintech companies) opening its doors to digital assets space. Our goal is to allow consumers around the world to convert fiat-to-crypto and crypto-to-fiat with Mobilum's on-ramp and off-ramp solutions. Mobilum has offices in Canada, Estonia, Lithuania, Poland, and the United States. For further information go to www.mobilum.com.
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For further information: please contact Meredith or Julie, Investor Relations, +1 (604) 609 6169 or via email at ir@mobilum.com
This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
Contact Information:
Investor Relations
Purple Crown Communications
Phone: +1 (604) 609-6169
Email: IR@mobilum.com
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CHICAGO, July 25, 2022 /PRNewswire/ -- Abstracts presented at the International Society for Heart and Lung Transplantation Annual Meeting gathers the latest research from around the world on caring for and improving outcomes for patients with advanced heart and lung disease. The 2022 ISHLT Annual Meeting featured more than 1,500 oral and poster presentations, integrating the 10 professional specialties represented within ISHLT—a collaborative approach that presents the best of how a multidisciplinary team cares for a patient. Each year, ISHLT recognizes the best research being presented at the meeting, highlighting investigators in each of the ISHLT Professional Communities, as well as several awards that focus on early career investigators.
The Philip K. Caves Award, Early Career Scientist Award, and Early Career Clinical Case Dilemmas Best Presentation Award encourage and reward original high-quality research from trainees, residents, fellows, graduate students, and young researchers in fields across advanced heart and lung disease and transplantation.
The ISHLT Professional Community Awards for Excellence recognize the interdisciplinary contributions made across the care continuum by ISHLT members, encouraging investigation and professional excellence in a wide variety of specialties.
These highly scored abstracts are available in a special supplement to the Journal of Heart and Lung Transplantation's April 2022 issue.
Philip K. Caves Award
Aditi Nayak, MD, MS
Brigham and Women's Hospital
Boston, MA USA
Presentation: Machine Learning Algorithms Identify Distinct Phenotypes of Right Heart Failure After Left Ventricular Assist Device Implant
Early Career Scientist Award
Rayoun Ramendra, BSc
University Health Network
Toronto, ON Canada
Presentation: Donor Airway Bile Acid as a Biomarker of Aspiration and Predictor of Post Lung Transplant Outcomes
Early Career Clinical Case Dilemmas Best Presentation Award
Hyeon-Ju Ali, MD
Houston Methodist Hospital
Houston, TX USA
Presentation: Management of Pulmonary Hypertension Secondary to Valvular Heart Disease with Angiotensin-Receptor Neprilysin Inhibitor
Cardiology Professional Community
Award for Excellence
Bhavadharini Ramu, MD, FACC
Medical University of South Carolina
Charleston, SC USA
Presentation: Sex-Based Outcomes After Implantation of a Fully Magnetically Levitated Left Ventricular Assist Device
Cardiothoracic Surgery Professional Community
Award for Excellence
Justin C.Y. Chan, MD, MPhil
New York University Langone Health
New York, NY USA
Presentation: Impact of Sex on Outcome After Pulmonary Endarterectomy (PEA) for Chronic Thromboembolic Pulmonary Hypertension (CTEPH)
Nursing and Allied Health Professional Community
Award for Excellence
Sarah Schettle, PA-C, MS, MBA
Mayo Clinic
Rochester, MN USA
Presentation: Does Hemoglobin A1c Accurately Depict Diabetic Control in LVAD Patients?
Pediatrics Professional Community
Award for Excellence
Lydia K. Wright, MD, MSc
Nationwide Children's Hospital
Columbus, OH USA
Presentation: Status Exceptions and Racial Disparities in Pediatric Heart Transplant Waitlist Outcomes
Pulmonology Professional Community
Award for Excellence
Sean Agbor-Enoh, MD, PhD
National Heart, Lung, and Blood Institute
Johns Hopkins University School of Medicine
Bethesda, MD USA
Presentation: Is Acute Rejection Truly Acute or an Exacerbation of an Underlying Disease?
Research and Immunology Professional Community
Award for Excellence
Daniel R. Calabrese, MD
University of California, San Francisco
San Francisco, CA USA
Presentation: Bronchoalveolar Lavage MICB is Associated with Severe Primary Graft Dysfunction, Prolonged Mechanical Ventilation, and Low Post-Transplant FEV1 in Lung Transplant Recipients
The International Society for Heart and Lung Transplantation is a not-for-profit, multidisciplinary professional organization dedicated to improving the care of patients with advanced heart or lung disease through transplantation, mechanical support and innovative therapies. With members in over 45 countries and more than 15 professional disciplines, ISHLT is the world's largest organization dedicated to the research, education and advocacy of end-stage heart and lung disease. For more information, visit www.ishlt.org.
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SOURCE The International Society of Heart and Lung Transplantation | https://www.wagmtv.com/prnewswire/2022/07/25/next-generation-advances-science-with-research-ishlt-annual-meeting/ | 2022-07-25T13:12:44Z | https://www.wagmtv.com/prnewswire/2022/07/25/next-generation-advances-science-with-research-ishlt-annual-meeting/ | false |
ATLANTA, July 25, 2022 /PRNewswire/ -- North Highland, the leading change and transformation consultancy, has been named by Forrester among 14 Organizational Change Management providers in its report, Organizational Change Management Landscape, Q3 2022, published on July 18.
The report defines organizational change management (OCM) as "a method that companies use to evolve capabilities via people, process, and technology. Success of OCM rests with the organization's ability to continuously sense and respond to changing requirements in order to generate scale at strategic, operational, and leadership levels." The report qualified OCM providers by size, functionality type, geography and use case focus. Per the report, North Highland's top go-to-market OCM use cases include Workforce Transformation, Organizational Restructure and Process Improvement and Engineering.
"As the leading change and transformation consultancy, we're committed to helping clients cultivate adaptive, made-for-change organizations," said Navid Ahdieh, managing director, global leader of Strategy and Management Consulting at North Highland. "We believe our inclusion in Forrester's report is the latest demonstration of this commitment."
To further North Highland's investment in organizational change management, the firm continues to combine its established expertise in people-centric change and organizational transformation to serve clients and leave them with lasting capabilities.
View the report here (available to Forrester subscribers and for purchase): https://www.forrester.com/report/organizational-change-management-landscape-q3-2022/RES177733?ref_search=3162163_1658178171495
North Highland makes change happen, helping businesses transform by placing people at the heart of every decision. It's how lasting progress is made. With our blend of workforce, customer, and operational expertise, we're recognized as the world's leading transformation consultancy. We break new ground today, so tomorrow is easier to navigate. Founded in 1992, North Highland is regularly named one of the best places to work. We are a proud member of Cordence Worldwide, a global network of truly connected consultancy firms with the ability to think and deliver together. This means North Highland has more than 3,500 experts in 50+ offices around the globe on hand to partner with you.
For more information, visit www.northhighland.com or connect with us on LinkedIn, Twitter, Instagram, and Facebook.
Media contact:
Courtney James
(1) 404-850-2806
courtneylee.james@northhighland.com
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SOURCE North Highland | https://www.wagmtv.com/prnewswire/2022/07/25/north-highland-recognized-by-independent-research-firm-an-organizational-change-management-provider/ | 2022-07-25T13:12:56Z | https://www.wagmtv.com/prnewswire/2022/07/25/north-highland-recognized-by-independent-research-firm-an-organizational-change-management-provider/ | true |
Police chief in Mississippi fired after recorded racist remarks
LEXINGTON, Miss. (WLBT/Gray News) - A former Lexington police chief is out of a job after the board of aldermen voted to remove him on a narrow vote.
At a special meeting Wednesday, the board voted 3-2 to oust embattled Chief Sam Dobbins, days after an expletive-laced, racist recording said to be him was made public.
The board almost immediately went into executive session, where they were for more than an hour.
Investigator Charles Henderson has been named interim chief.
Dobbins has yet to respond to WLBT’s request for comment.
Robert Lee Hooker, a former officer with Lexington, made the roughly 16-minute recording.
He said the recording is a conversation between him and Dobbins that happened back in April.
GRAPHIC WARNING: An edited copy of the recording can be heard below. Listener discretion is advised.
A man on the recording, who Hooker says is Dobbins, used numerous expletives and multiple racial epithets/derogatory terms, and bragged about shooting one suspect at least 119 times.
Hooker resigned from the department last week, citing a toxic work environment.
Lexington Mayor Robin McCrory did not want to be interviewed but said the leaked audio led to Dobbins’ termination.
Copyright 2022 WLBT via Gray Media Group, Inc. All rights reserved. | https://www.dakotanewsnow.com/2022/07/25/police-chief-mississippi-fired-after-recorded-racist-remarks/ | 2022-07-25T13:15:39Z | https://www.dakotanewsnow.com/2022/07/25/police-chief-mississippi-fired-after-recorded-racist-remarks/ | true |
Ukraine hopes for first grain shipment under U.N-brokered deal this week
By Pavel Polityuk and Max Hunder
KYIV, July 25 (Reuters) - Ukraine said on Monday it hoped a U.N.-brokered deal aimed at easing global food shortages by resuming grain exports from the Black Sea region would start being implemented this week.
Senior government officials told a news conference in Kyiv that they hoped the first grain shipment under the deal would be from the port of Chornomorsk this week, and that shipments could be made from all ports included under the deal within two weeks.
Infrastructure Minister Oleksandr Kubrakov said there were no limits on how much grain could be exported under the agreement signed on Friday in Istanbul, which also allows for fertiliser imports and exports.
"We believe that over the next 24 hours we will be ready to work to resume exports from our ports. We are talking about the port of Chornomorsk, it will be the first, then there will be Odesa, then the port of Pivdeny," said deputy infrastructure minister Yuriy Vaskov.
Friday's agreement aims to allow safe passage in and out of Ukrainian ports, blocked by Russia's Black Sea fleet since Moscow's Feb. 24 invasion.
The deal was hailed as a diplomatic breakthrough that would help curb soaring global food prices by restoring Ukrainian grain shipments to pre-war levels of 5 million tonnes a month.
'QUESTION OF SURVIVAL'
Kubrakov told the news conference that opening up the Black Sea ports for exports would bring Ukraine at least $1 billion a month.
"It is very important that our farmers receive funding this year and have the opportunity to carry out the sowing campaign for the next season, because without this we will lose the entire agricultural cycle and the entire industry," he said.
"It's a question of the survival of our entire agricultural industry"
Ukraine is pressing on with efforts to implement the deal despite a Russian missile strike on Odesa on Saturday. Russia said on Sunday its forces had hit a Ukrainian warship and a weapons store in Odesa with its high-precision missiles.
"We all saw perfectly on Saturday that it is not a problem for them to shell the port infrastructure. This is the main risk (to the deal) and we understand that it can scare the market," Kubrakov said.
(Reporting by Max Hunder and Pavel Polityuk, Editing by Timothy Heritage) | https://www.dailymail.co.uk/wires/reuters/article-11046141/Ukraine-hopes-grain-shipment-U-N-brokered-deal-week.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-07-25T13:15:50Z | https://www.dailymail.co.uk/wires/reuters/article-11046141/Ukraine-hopes-grain-shipment-U-N-brokered-deal-week.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false |
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Chris writes recurring columns for a variety of publications and is featured each weekend on a national radio talk show as Northeast Pennsylvania's retirement planning professional. Chris is the author of two books, “Retirement is a Marathon, Not a Sprint” and “Dare to Succeed,” the latter of which was a collaboration with “Chicken Soup for the Soul” author, Jack Canfield. In addition, Chris regularly leads workshops and adult education courses on retirement planning.
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200A Tigue St. Dunmore, PA 18512 | https://www.pahomepage.com/news/financial-forum/financial-forum-july-25-2022/ | 2022-07-25T13:20:48Z | https://www.pahomepage.com/news/financial-forum/financial-forum-july-25-2022/ | false |
BOSTON, July 25, 2022 /PRNewswire/ -- Following the pivotal announcement of the publication, for the use of the Nanomosaic Tessie™ platform to elucidate the biomarker association between PTau 217 and PTau 181 and Post-Operative Delirium in Plasma, (link to announcement), NanoMosaic Inc., the pioneer and leader in nanoneedle (MosaicNeedle™) technology detection for proteomics, genomics, and single-run experiment multi-omics applications, has announced the appointment of Raaj Venkatesan as its Chief Regulatory Officer.
Raaj Venkatesan brings more than 17 years of experience in regulatory affairs, regulatory compliance and quality engineering in the medical device and In Vitro Diagnostics industry. Prior to joining Nanomosaic, Raaj served as a Regulatory Affairs and Quality executive at NovaSignal Corporation, Ancestry Health, the healthcare division of AncestryDNA and Exosome Diagnostics. Prior to that, Raaj held various regulatory affairs and quality engineering positions at Bio-Rad laboratories, Bruker Daltonics, OmniGuide Surgical, Becton Dickinson (BD) Diabetes Care and Second Sight Medical Products and has obtained multiple FDA clearances, European CE mark and Health Canada licenses. Raaj is Regulatory Affairs Certified (RAC-US, RAC-EU) by the Regulatory Affairs Professionals Society (RAPS) and is also an ASQ Certified Manager of Quality, Reliability Engineer, Quality Auditor, Biomedical Auditor and Quality Engineer. He earned his Master's Degrees in Biomedical Engineering, Electrical Engineering and Medical Device and Diagnostic Engineering from the University of Southern California and Bachelor's Degree in Electronics and Instrumentation Engineering from Bharathidasan University in India.
"I am honored and excited to join Nanomosaic at such an exciting time for the company and the proteomics space," said Raaj Venkatesan. "With the assays that we are developing with our current Tessie™ system and the nanoneedle technology, I look forward to working closely with our team, customers and appropriate regulatory agencies to ensure the most effective deployment of our technology to clinicians and pharmaceutical organizations. Additionally, I am particularly eager to leverage our recent partnerships with academic and clinical researchers to overcome obstacles in the regulatory and commercialization processes, and bring their assays as diagnostics to patients in need."
"The reliability of the Tessie™ system, with over 99% uptime, a streamlined fully integrated workflow on standard liquid handling systems, and the fastest sample turn around time (from blood to answer), makes the Tessie™ an ideal platform for clinical applications," stated John Boyce, President and CEO of NanoMosaic, as well as Co-founder of Tiger Gene Ventures. "NanoMoasic is committed to working closely with the FDA, as well as the appropriate additional regulatory agencies to ensure the the highest level of rigor in its processes and products. We are thrilled to have a creative veteran such as Raaj join the company as Chief Regulatory Officer to lead the clinical approval effort that will bring more predictive tests to the market in order to significantly improve patient care," Boyce concluded.
NanoMosaic, a Boston-based biotechnology company, is the only commercial entity to develop and leverage the power of nanoneedles, MosaicNeedles™, for protein detection and quantification to develop best-in-class assays for biomarker discovery and validation. The NanoMosaic platform, Tessie™, alleviates the bottlenecks in proteomics analysis and provides an end-to-end solution that enables first of its kind protein interrogation and multi-omics analysis within a single chip on one run. The proprietary technology enables rapid, end user customization for assay development for proteomic and/or nucleic acid content. The NanoMosaic platform allows researchers to push the frontiers in biomarker discovery and diagnostics. For Research Use Only. Not For Use in Diagnostic Procedures.
Contact: Audrey Warner, audrey.warner@tigergenellc.com
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SOURCE NanoMosaic | https://www.wbtv.com/prnewswire/2022/07/25/nanomosaic-appoints-raaj-venkatesan-chief-regulatory-officer/ | 2022-07-25T13:21:05Z | https://www.wbtv.com/prnewswire/2022/07/25/nanomosaic-appoints-raaj-venkatesan-chief-regulatory-officer/ | false |
KALAMAZOO, MI — “Stop the colonization of downtown Kalamazoo by Radiant,” reads a sticker affixed to a utility pole in Farmers Alley.
Another was placed nearby on a street sign. Another slapped up against a building in the alley.
KALAMAZOO, MI — “Stop the colonization of downtown Kalamazoo by Radiant,” reads a sticker affixed to a utility pole in Farmers Alley.
Another was placed nearby on a street sign. Another slapped up against a building in the alley.
Note to readers: if you purchase something through one of our affiliate links we may earn a commission. | https://www.mlive.com/news/kalamazoo/2022/07/radiant-church-leaders-discuss-lgbtq-stance-vandalism-and-growth-in-kalamazoo.html | 2022-07-25T13:21:07Z | https://www.mlive.com/news/kalamazoo/2022/07/radiant-church-leaders-discuss-lgbtq-stance-vandalism-and-growth-in-kalamazoo.html | true |
Happy Monday! I'm all for keeping it 100, but this heat wave is too much. Send tips to: cristiano.lima@washpost.com.
Based on a series of self-assessments, the report offers a window into what major tech companies say their biggest blind spots are when it comes to keeping users safe.
The inaugural report by the Digital Trust and Safety Partnership, shared exclusively with The Technology 202, found that platforms tended to lack formal processes for supporting external research and for factoring input from users and outside groups into their safety policies.
The Digital Trust and Safety Partnership, launched last year with funding from over a dozen top tech companies, asked platforms to evaluate and report how much they are adhering to a set of “best practice” safety measures that the coalition devised.
Ten companies participated in the review: Facebook parent Meta, Google, Microsoft, LinkedIn, Twitter, Reddit, Pinterest, Discord, Shopify and Vimeo. While the report does not disclose how individual platforms fared, it provides a glimpse into the state of industry-wide safety trends.
The results only reflect where platforms — not independent auditors — find themselves to be lacking. But according to the report, it underscores how safety initiatives have “developed with less external engagement outside of companies until recently.”
“For a long time, trust and safety in content moderation has been a one-way function, where the companies sort of create the rules for the service and enforce the rules,” Digital Trust and Safety Partnership Executive Director David Sullivan said.
He added, “But actually understanding user perspectives in these things and working with credible third-party groups, human rights organizations, academics, investors, all of that is where there’s an enormous amount of work to be done.”
Another key area where companies are underdeveloped, according to the report, is in setting up processes to evaluate whether products are meeting safety standards after they launch.
Where companies excelled, Sullivan said, is in their “core content moderation functions,” such as developing rules to deal with online harms and standing up teams to monitor and enforce them. “That’s where I think you can see that there’s been a lot of attention,” he said.
The self-evaluations may also serve as a dry-run for tech companies, the biggest of which will soon be subject to independent audits under new European regulations.
The European Union’s landmark safety measure, the Digital Services Act, will require that large platforms be vetted to make sure they are mitigating risks posed by disinformation, election interference, cyberviolence against women and harms to children.
“These companies realized that rather than just waiting for regulations to come and complying with them that this is something to get ahead of, both to actually figure out what’s going to work for all of their products … and to have that be a contribution to” the debate about content moderation and regulation, Sullivan said.
The findings could bolster calls for legislation requiring tech companies to fork over more internal data to researchers, as some U.S. lawmakers have proposed.
In December, Sens. Chris Coons (D-Del.), Rob Portman (R-Ohio) and Amy Klobuchar (D-Minn) unveiled a bill that would allow researchers to petition a federal agency to gain access to data from platforms to conduct an approved study. The bipartisan measure is one of Congress’s most significant attempts to open up the so-called “black box” of social media.
“This is an area where there’s a lot of heat but not enough light,” Coons told me in May.
But the bill has yet to be formally introduced, meaning it won’t likely become law anytime soon.
In the meantime, Sullivan said his group is planning to stand up an independent safety assessment that won’t simply rely on self-evaluations by companies.
“We hope to have … more to share about what that third-party assessment is going to look like before the end of this year,” he said.
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Senate is set to hold a vote on chips funding this week
The bill includes $52 billion in semiconductor subsidies and tens of billions of dollars for regional tech start-ups and the National Science Foundation, Jeanne Whalen reports. The Senate is expected to hold a cloture vote today on the bill, which would move to a full Senate vote this week if it clears a 60-vote threshold.
“After months of debate and setbacks, the legislation resembles the United States Innovation and Competition Act, the original form of the bill intended to boost U.S. competitiveness against China, which cleared the Senate last year but ran aground in the House,” Jeanne writes. If it passes the Senate this week, the bill would go to the House.
Grassley amps up pressure on Schumer to hold antitrust vote
Sen. Charles E. Grassley (R-Iowa), a sponsor of the legislation, wants Senate Majority Leader Charles E. Schumer (D-N.Y.) to schedule a vote for the legislation that would bar major tech companies from “self-preferencing” their products and services, the New York Post’s Lydia Moynihan and Theo Wayt report. Many lawmakers say they’re still reviewing the bill, which tech companies and industry groups have criticized in ads and lobbying.
“It’s past time that the Majority Leader bring up our bipartisan antitrust bill cracking down on Big Tech’s anticompetitive behavior,” Grassley told Moynihan and Wayt. “We need a date certain for a vote, and I call on Senator Schumer to name one — if not before August recess, then this fall.”
Tech sector braces for potential recession, startling other industries
Major tech companies have hinted that they’re hunkering down ahead of earnings reports this week, Rachel Lerman and Gerrit De Vynck report. Major tech firms have outsize influence over perceptions of the economy, and the tech sector has been signaling for months that the boom times are ending.
“It can become a self-fulfilling prophecy, market experts say, if other companies immediately react to Big Tech’s buckling down by tightening their own businesses,” my colleagues write. “But the moves aren’t cut and dry — many feel tech is preparing for an economic downturn, not panicking because of plummeting business metrics.”
Rant and rave
The Wall Street Journal reported that Elon Musk's alleged affair with Google co-founder Sergey Brin's wife, Nicole Shanahan, prompted divorce filings and the end of the friendship between the two men. Technology analyst Benedict Evans:
So, Elon has triggered two $1bn breakup clauses. https://t.co/0I6Dlizo1f
— Benedict Evans (@benedictevans) July 24, 2022
Reporter Nivedita Balu:
How often does business and Page 3 reporting overlap? And where does Elon Musk get all this time? 🤷🏻♀️$MUSK
— Nivedita Balu (@niveditabalu) July 24, 2022
Elon Musk’s alleged brief affair with Google co-founder Sergey Brin’s wife led to the couple’s divorce filing. https://t.co/lOa6W6mG2l
Writer Joshua Benton:
Of course Elon is the dramatic-public-apology-for-deeply-private-offense guyhttps://t.co/DwVKqfY7T7 pic.twitter.com/GTZPPKnlpq
— Joshua Benton (@jbenton) July 24, 2022
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Daybook
- Commodity Futures Trading Commission Chairman Rostin Behnam discusses cryptocurrency regulation at a Brookings Institution event today at 2 p.m.
- Sens. Kyrsten Sinema (D-Ariz.) and Todd C. Young (R-Ind.) discuss semiconductor legislation at a Washington Post Live event on Tuesday at 4:10 p.m.
- Google parent Alphabet and Microsoft hold earnings calls on Tuesday at 5 p.m. and 5:30 p.m.
- The Senate Commerce Committee discusses children’s privacy and safety legislation Wednesday at 10 a.m.
- A House Homeland Security Committee panel holds a hearing on U.S. Customs and Border Protection’s use of facial recognition technology Wednesday at 2 p.m.
- Facebook parent Meta holds an earnings call on Wednesday at 5 p.m.
- Apple and Amazon hold earnings calls on Thursday at 5 p.m. and 5:30 p.m.
Before you log off
Nope...only me...not the cat...😂😾🐶 pic.twitter.com/Ql8IXXmrhf
— Laughs 4 All 🤟 (@Laughs_4_All) July 24, 2022
That’s all for today — thank you so much for joining us! Make sure to tell others to subscribe to The Technology 202 here. Get in touch with tips, feedback or greetings on Twitter or email. | https://www.washingtonpost.com/politics/2022/07/25/techs-blind-spots-sharing-with-researchers-listening-users/ | 2022-07-25T13:21:25Z | https://www.washingtonpost.com/politics/2022/07/25/techs-blind-spots-sharing-with-researchers-listening-users/ | false |
Some schools hit hard by virus make few changes for new year
By SHARON LURYE and COLLIN BINKLEY
Associated Press
As a new school year approaches, COVID-19 infections are again on the rise, fueled by highly transmissible variants, filling families with dread. They fear the return of a pandemic scourge: outbreaks that sideline large numbers of teachers, close school buildings and force students back into remote learning.
Some school systems around the country have moved to bolster staffing to minimize disruptions, but many are hoping for the best without doing much else differently compared with last year.
Even some of the districts that had the most disruptions to in-person schooling amid the spread of the highly contagious omicron variant point to few specific changes in their prevention efforts.
Among them is Baltimore County schools, where the number of days that individual schools in the district couldn’t offer in-person learning added together totaled 159 in January, according to data from the private research firm Burbio, which tracks over 5,000 school districts nationwide. District officials said they did not see a need to change protocols.
“We don’t anticipate significant changes to our plan; we don’t anticipate significant disruptions,” said Charles Herndon, a Baltimore County Public Schools spokesperson. “What we’re expecting to see is waves of COVID in 2022 and 2023, and I’m sure there are going to be times when more folks are going to be absent and there will be times when everything is OK.”
Still, the district is prepared to move classes online if necessary.
“We certainly hope we don’t have to go to that extreme, but it is an option should we need to consider it,” he said.
Teacher shortages remain a major concern, even bigger than COVID-19 itself, said Dan Domenech, executive director of AASA, an association of school superintendents.
“That is the greater concern – that they will have the necessary staff to man all the classrooms, to man all the programs – which will only be made worse if there is an outbreak of COVID,” he said.
Philadelphia’s schools illustrate how disruptive surges can be. Beginning in January the virus caused 114 city schools to go remote for an average of around eight days each — a total of 920 cumulative days of remote learning, more than any other district in Burbio’s data for January through June.
Amid shortages of substitute teachers, schools were forced to pull in central office staff, combine classrooms, or temporarily go remote, district spokesperson Marissa Orbanek said.
The district has switched to a new staffing agency and aims to fill 90% of substitute requests this year, said Orbanek. They also now have over 100 supplemental teachers, substitutes who show up at the same school every day in case of last-minute absences.
One parent, James Fogarty, saw his elementary school age children go back to online learning several times last year in Pittsburgh, a district that saw 46 disruptions in the second half of last year. He hopes the district and communities can identify problems earlier and work on better solutions, like identifying backup options for families.
“How do we build systems that are flexible to meet the shocks when they happen other than just like saying to families, ‘Good luck, you’re on your own and I hope you don’t get fired because you have to miss your shift job,’” said Fogarty, the executive director of A+ Schools in Pittsburgh, an organization that promotes equity in schools. “That’s not a satisfying answer for me.”
Schools cannot afford more disruptions that distract them from the critical work of helping kids catch up, said Thomas Kane, an education policy researcher at Harvard. Students at lower-income schools that were doing remote learning for more than half a year lost the equivalent of 22 weeks of learning, he said, while higher-income schools lost 13 weeks.
“We’ve experienced a historic widening in achievement gaps between Blacks and whites, between Latinx students and whites, between high- and low-poverty schools,” he said. “If we don’t get active in trying to close those gaps, they’re going to become permanent and there will be huge consequences for kids.”
Schools are hopeful disruptions will be less likely as many districts have invested in better ventilation and vaccines are available to children as young as six months old. Besides ramping up hiring of substitutes, some of the districts that were hit hardest last year have been making small changes to their protocols.
At Baltimore City schools, which is separate from the county school system, officials say expanded access to rapid tests will help schools stay open if a new variant surges in the fall. The school previously relied on slower PCR tests, and when omicron cases spiked in January, the district’s testing regimen couldn’t keep up. The switch to a faster test helped the district avoid any schoolwide closures for the rest of the spring.
“We firmly believe that with the protocols we have in place that we’re going to be able to keep in-person learning going as the virus ebbs and flows and as new variants come — pending an unforeseen variant that really changes the game,” said Cleo Hirsch, director of the district’s COVID-19 response.
The school district in Montgomery County, Maryland, had 338 cumulative days of disrupted learning in January, the second-highest of all the districts in Burbio’s data. District spokesperson Christopher Cram said that was in part because of a policy that triggered hybrid or virtual learning automatically if the COVID case rate in a school rose to 5%. It is working on an updated safety plan for the new school year, he said.
In Columbus, Ohio, where the school system saw 106 disruptions due to staff absences at the start of 2022, the district did not point to any planned changes to its policies to prepare for potential surges in the new year. “As we look toward opening schools in August, the District will continue to follow its current mitigation protocols to help keep staff, students, and families safe,” spokesperson Jacqueline Bryant said.
Lolita Augenstein, president of the Council of PTAs in Columbus, said she’s optimistic that this year will be better. The district has focused on hiring teachers and substitutes, she said, and educators are better trained to teach online if needed.
“We may not have figured it all out, and there are new variants and there are new concerns that have popped up,” said Augenstein, whose daughter graduated from a district high school last school year. “But kids are resilient. … The families are trained in going back and forth between remote and the building.”
___
The Associated Press education team receives support from the Carnegie Corporation of New York. The AP is solely responsible for all content.
___
Associated Press writers Brooke Schultz in Harrisburg, Pa., and Arleigh Rodgers in Indianapolis contributed to this report. They are corps members for the Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues. | https://kion546.com/news/ap-national-news/2022/07/25/some-schools-hit-hard-by-virus-make-few-changes-for-new-year/ | 2022-07-25T13:21:26Z | https://kion546.com/news/ap-national-news/2022/07/25/some-schools-hit-hard-by-virus-make-few-changes-for-new-year/ | false |
ALBANY, N.Y. (WTEN) — Just this week, Governor Hochul announced a new sexual harassment hotline, where those experiencing harassment in the workplace can call to receive free legal advice. The hotline will be staffed by pro bono attorneys for New York’s Division of Human Rights. That number is 1-800-HARASS-3.
It was over two year ago former Governor Andrew Cuomo faced accusations of sexual harassment by multiple women, including Alyssa McGrath, who was an executive assistant in the Governor’s office in 2018. She described the workplace environment as the “twilight zone and… the typical rules did not apply.”
Amanda Rue is Founder of the Shift Worship, a human-resource consultancy that offers anti-sexist training. Rue herself has experienced workplace harassment and did not feel comfortable going to her Human Resource department, “Having a resource like a toll-free hotline that has counsel on the other end of it would have been so helpful to know what my rights are as an employee and what legally I can do and what is just sometimes inappropriate in the workplace versus illegal,” she said.
However attorney, Marjorie Mesidor has some concerns. She says, on it’s face, the hotline is a great idea, but it’s being supported by the Division of Human Rights, a department she says is overworked, “The NYS Division of Human Rights is an agency that historically has been under-resourced in order to handle the volume of complaints and cases that come through their door.”
She says this additional role could result in improper investigations if more resources are not made available. Mesidor says the hotline is better for anonymity but: “It’s not better for the issue of liability. Because when it comes to certain statutes and depending on who the harasser is there needs to be notice to the employer in order for you to implicate any liability against the employer.” | https://www.mychamplainvalley.com/news/new-yorkers-react-to-new-sexual-harassment-hotline/ | 2022-07-25T13:21:54Z | https://www.mychamplainvalley.com/news/new-yorkers-react-to-new-sexual-harassment-hotline/ | false |
(WHTM) — In This Week in Pennsylvania, Dennis Owens reports the latest in Pa. policy and politics.
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In this week’s episode, Owens will talk about the latest updates on the state budget, as well as how the bridge tolling proposal has been permanently blocked. He will also talk about how more voters are switching parties, from Democratic to Republican.
He will then be joined by Democrat State Senator Judy Schwank and Republican State Senator Judy Ward
Then, analysts Chris Nicolas and Danielle Gross join in on the conversation.
You can watch the show using the player above! | https://www.pahomepage.com/news/this-week-in-pennsylvania/this-week-in-pennsylvania-judy-ward-judy-schwank/ | 2022-07-25T13:22:09Z | https://www.pahomepage.com/news/this-week-in-pennsylvania/this-week-in-pennsylvania-judy-ward-judy-schwank/ | false |
- First oral IGF-1R inhibitor to enter late-stage clinical trials for thyroid eye disease –
- Global study being conducted in the U.S., Canada, UK, and Europe -
ANN ARBOR, Mich., July 25, 2022 /PRNewswire/ -- Sling Therapeutics, Inc., a biopharmaceutical company focused on late-stage development of an oral small molecule for the treatment of thyroid eye disease (TED), today announced the initiation of enrollment in the global Phase 2b LIDS clinical trial evaluating the safety, pharmacokinetics and efficacy of linsitinib, a small molecule insulin-like growth factor I receptor (IGF-1R) inhibitor, in the treatment of active, moderate to severe TED.
"This is a significant milestone for patients and families who are impacted by TED because we believe linsitinib offers the potential to significantly reduce the treatment burden," said Ryan Zeidan, Ph.D., President and Chief Executive Officer of Sling Therapeutics. "The rapid initiation of our late-stage clinical trial in TED was made possible by the extensive preclinical and clinical development data in hand for linsitinib, including pre-clinical studies, toxicology studies, and pharmacokinetic and safety data collected from the over 800 oncology patients who have received linsitinib."
TED is a debilitating autoimmune disease that affects about 20,000 people in the U.S. per year and has a similar prevalence in Europe. Dysfunction in the IGF-1R signaling pathway leads to a prevalence of thyroid-stimulating hormone receptor autoantibodies (TSHR-Abs) that drive excess fibrous tissue growth behind the eyes. The inflammation can push the eyes forward or cause the eyes and eyelids to become red and swollen. As the disease progresses it can lead to pain, eye bulging, and double vision. TED predominantly affects women, and most frequently affects people with hyperthyroidism due to Graves' disease.
"When the body's immune system mistakenly attacks the muscle and fat tissue behind the eyes, it can cause inflammation and scar tissue formation that has a profound impact on the quality of life for people suffering from TED," said Raymond Douglas, M.D., Ph.D., board-certified aesthetic and reconstructive oculoplastic surgeon in Beverly Hills, California. "As one of the lead scientists in the development of the only currently approved treatment for TED, I am excited to see this study advance with the hope of providing additional options for patients."
"Dysfunction in the IGF-1R signaling pathway that drives excess fibrous tissue growth is well known and understood," said George J. Kahaly, M.D., Ph.D., professor of medicine and endocrinology/metabolism at the Johannes Gutenberg University Medical Center in Mainz, Germany. "I have experienced many of the challenges with current treatment options that place a burden on patients, caregivers, and physicians while serving as chair of the ORPHAN referral expert center for TED. There is a need for a more convenient drug therapy."
The randomized, double-mask, placebo-controlled Phase 2b LIDS clinical trial is designed to enroll 75 adult participants in the U.S., Canada, UK, and Europe with a clinical diagnosis of Graves' disease or autoimmune Hashimoto's thyroiditis associated with active, moderate to severe TED. Linsitinib will be administered orally twice daily for 24 weeks. The primary endpoint is the percentage of participants who are proptosis responders. Researchers will also evaluate the change from baseline in proptosis and in the Graves' Ophthalmopathy Quality of Life (GO-QoL) questionnaire overall score. Additional secondary endpoints include the percentage of participants who are diplopia responders, CAS categorical responders, and overall responders.
For more information about the Phase 2b LIDS clinical trial visit https://clinicaltrials.gov/ct2/show/NCT05276063.
About Sling Therapeutics
Sling Therapeutics, Inc., is a biopharmaceutical company focused on late-stage development of an oral small molecule for the treatment of thyroid eye disease (TED). The company is advancing the evaluation of its lead product candidate, linsitinib, in a Phase 2b clinical trial based on extensive preclinical and clinical data. Linsitinib offers the potential of a convenient oral small molecule that could significantly reduce the treatment burden for people living with TED. For more information visit https://slingtx.com/.
Media Contact
Adam Daley
Berry & Company Public Relations
212.253.8881
adaley@berrypr.com
Investor Contact
Robin Schmidt
Chief Operating Officer
Sling Therapeutics
248.302.5364
robin.schmidt@slingtx.com
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SOURCE Sling Therapeutics | https://www.wbtv.com/prnewswire/2022/07/25/sling-therapeutics-initiates-enrollment-phase-2b-lids-clinical-trial-evaluating-linsitinib-thyroid-eye-disease/ | 2022-07-25T13:22:26Z | https://www.wbtv.com/prnewswire/2022/07/25/sling-therapeutics-initiates-enrollment-phase-2b-lids-clinical-trial-evaluating-linsitinib-thyroid-eye-disease/ | false |
With the addition of senior vice president and CISO, Kelli Burns, Accolade further elevates its focus on trusted, personalized relationships through exceptional information security for its members and customers
SEATTLE, July 25, 2022 /PRNewswire/ -- Accolade, Inc. (Nasdaq: ACCD), the company that provides millions of people and their families with Personalized Healthcare, announced today that Kelli Burns has joined the organization as senior vice president, chief information security officer.
Burns, a former consultant with Ernst & Young LLP (EY US) focused on cybersecurity engagements for multiple Fortune 500 companies, will lead Accolade's information security business unit and support the overall compliance and risk management function, enhancing its information security and privacy posture to support growth and protect the trust of Accolade's customers and members.
With data serving as an essential and differentiating enabler of the organization's unique navigation and clinical excellence capabilities, this role is vital to further advance Accolade's IT infrastructure and data security strategy.
"Our focus on delivering Personalized Healthcare requires us to place safeguarding our customer and member data at the center of everything we do," said Rajeev Singh, Accolade CEO. "As our data and technology become more sophisticated, we'll continue to invest in security and solutions that help our customers, members and consumers on their Personalized Healthcare journeys. We are thrilled to welcome Kelli, who brings diverse industry experience, deep security and privacy expertise and understands the complexity of servicing healthcare customers."
Named one of Cybersecurity DIVAS' "Most Influential Women in Cybersecurity", Burns is a recognized information security leader who understands the regulatory frameworks for data and privacy. Burns and her team will support Accolade's 600+ enterprise customers that represent some of the country's largest employers, including health plans and local, state and federal governments, across a range of industries and sectors.
"I am excited to join Accolade in tackling the most challenging healthcare issues with its personal, data-driven and value-based approach that puts trusted relationships at the core," said Burns. "A key component to that trust is protecting confidential customer and member information. I look forward to working with my team to innovate and continuously improve compliance and security controls to provide an unrivaled experience for members and customers alike."
Prior to joining Accolade, Burns also held multiple positions at Symetra Financial including serving as CISO. During this time, she was pivotal in building out the cybersecurity program and enabling the business to make decisions swiftly while protecting the data of customers and employees. Expanding her leadership role beyond her technical capabilities, Burns was also the founding leader and executive sponsor for Symetra's Diversity and Inclusion Council and developed their IT Emerging Leaders enterprise program. She is well-regarded in the Seattle community for mentoring women in cybersecurity and technology.
Burns holds a B.S. in Management Information Systems from the University of Montana and is currently pursuing an MBA from Penn State University.
Accolade (Nasdaq: ACCD) provides millions of people and their families with an exceptional healthcare experience that is personal, data driven and value based to help every person live their healthiest life. Accolade solutions combine virtual primary care, mental health support and expert medical opinion services with intelligent technology and best-in-class care navigation. Accolade's Personalized Healthcare approach puts humanity back in healthcare by building relationships that connect people and their families to the right care at the right time to improve outcomes, lower costs and deliver consumer satisfaction. Accolade consistently receives consumer satisfaction ratings of over 90%. For more information, visit accolade.com.
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SOURCE Accolade | https://www.kalb.com/prnewswire/2022/07/25/accolade-appoints-new-chief-information-security-officer/ | 2022-07-25T13:24:12Z | https://www.kalb.com/prnewswire/2022/07/25/accolade-appoints-new-chief-information-security-officer/ | false |
Copenhagen: The European Commission has approved a smallpox vaccine for use against monkeypox after the World Health Organization declared monkeypox a global health emergency, the Danish drugmaker that developed the jab said on Monday.
"The European Commission has extended the marketing authorisation for the company's smallpox vaccine, Imvanex, to include protection from monkeypox" in line with a recommendation by the EU's medicines watchdog, Bavarian Nordic said in a statement.
"The approval... is valid in all European Union Member States as well as in Iceland, Liechtenstein, and Norway."
On Saturday, the WHO declared the monkeypox outbreak, which has affected nearly 16,000 people in 72 countries, to be a global health emergency - the highest alarm it can sound.
Imvanex has been approved in the EU since 2013 for the prevention of smallpox. It was also considered a potential vaccine for monkeypox because of the similarity between the monkeypox virus and the smallpox virus.
Monkeypox is less dangerous and contagious than smallpox, which was eradicated in 1980. The first symptoms of monkeypox are fever, headaches, muscle pain and back pain during the course of five days. A surge in monkeypox infections has been reported since early May outside the West and Central African countries where the disease has long been endemic.
Symptons
The first symptoms of monkeypox are fever, headaches, muscle pain and back pain during the course of five days. Rashes subsequently appear on the face, the palms of hands and soles of feet, followed by lesions, spots and finally scabs.
A surge in monkeypox infections has been reported since early May outside the West and Central African countries where the disease has long been endemic.
The EMA carries out a scientific assessment of drugs and gives a recommendation on whether any medicine should be marketed or not. However, under EU law the EMA has no authority to actually permit marketing in the different EU countries. It is the European Commission which is the authorising body and takes a legally binding decision based on EMA's recommendation. | https://gulfnews.com/world/europe/eu-approves-smallpox-vaccine-for-use-against-monkeypox-1.1658750392990 | 2022-07-25T13:24:22Z | https://gulfnews.com/world/europe/eu-approves-smallpox-vaccine-for-use-against-monkeypox-1.1658750392990 | false |
- 62% of revenues from focus markets - Europe and US
- Records INR 1,575 cr revenue in Q1 FY23
- Maintains a healthy OB of INR 11,200+ cr
FREMONT, Calif., July 25, 2022 /PRNewswire/ -- STL (NSE: STLTECH), one of the industry's leading integrators of digital networks, today announced its financial results for the quarter ending June 30, 2022. The company reported a promising start to the year with revenues of INR 1,575 cr in Q1 FY23 owing to its widespread strength across all of its business operations. Nearly 62% of the total revenue came from its focus markets of US and Europe. Large orders from these markets enabled STL to build a healthy order book of INR 11,200 + cr, further establishing its leadership in these markets.
Network creators, enterprises and Governments across the globe are investing significantly to power 5G, FTTx and data centre deployments. This is leading to an increase in global demand for optical fibre which is predicted to surpass 541 mn fkm in FY22. By enhancing its optical fibre production capacity and building global service capabilities, STL is preparing for this technological revolution.
Growth focused on Optical and Services Businesses:
As STL plans for growth in the coming years, it is sharpening its focus on key areas:
- Increased focus on Optical Business - STL has fibre capacity of 50 mn fkm and will increase the cable capacity to 42 mn fkm in FY23. It made great strides in the Optical Interconnect business providing fibre cable plus interconnect accessories as a solution to key customers in the US and Europe. It is also starting its world class manufacturing facility for optical fibre cables in the US, which is expected to go live in Q3 FY23.
- Expanded Global Services - STL is working with leading telcos across India and the UK for their 5G and FTTH deployments. In the UK, STL has partnered with leading telcos and alternate network providers and plans to ramp up execution and scale to enable service providers' plans to connect over 60 mn homes by 2030. To meet this massive demand, STL is also building a talent pool by training engineers at STL Academy.
Beyond optical and network services, STL has made advances in programmable Access and Software solutions. It recently introduced new radio, cloud-based billing and next-gen programmable FTTx solutions.
Other significant highlights
- Industry-leading technology innovation - Continuing its focus on technology innovation, STL increased its tally of patents to 742. It continues to invest heavily in new product development with R&D investments amounting to INR 53 cr in Q1 FY23. STL recently established a new 5G innovation research centre in Gurgaon, India, equipped with test and measurement tools for development of open-source radios in line with ITU, 3GPP and O-RAN standards.
- Net zero emissions by 2030 - With its continued focus on ESG, STL impacted 700,000+ lives through its social impact initiatives in Q1. The company has reduced emissions of 15,000 tonnes of CO2 equivalent through various initiatives in the plants from FY21 to Q1FY23 and recycled 500,000 cubic meters of water from FY19 to Q1 FY23. With these ESG initiatives, STL is committed to achieve net zero emissions by 2030.
- Best People Practices - Given STL's best-in-class people practices, it was recognized by Economic Times as a 'Future Ready Organisation' for adapting its organisational structure in a more flexible, integrated, and resilient manner. Gender diversity being at the heart of STL's culture, the company was recognized by Economic Times as 'One of the Best Companies to Work for Women in Tech'.
Financial highlights (INR Crore)
Commenting on the results, Ankit Agarwal, Managing Director, STL, said, "Our global footprint, technology-led solutions, and effective supply chain management continue to be major contributors to our growth. With increased focus on efficiency and prudent capital management, we expect to sustain this positive momentum. As ubiquitous networks are built in this decade, we are fortunate to play a significant role in transforming billions of lives through digital networks."
About STL - Sterlite Technologies Ltd:
STL is one of the industry's leading integrators of digital networks. Our capabilities across optical networking, services, software, and wireless connectivity place us amongst the top optical players in the world. These capabilities are built on converged architectures helping telcos, cloud companies, citizen networks, and large enterprises deliver next-gen experiences to their customers. STL partners with service providers globally in achieving a green and sustainable digital future in alignment with UN SDG goals.
STL has a strong global presence in India, Italy, the UK, the US, China, and Brazil.
Photo: https://mma.prnewswire.com/media/1865635/STL_Focus.jpg
Logo: https://mma.prnewswire.com/media/876464/Sterlite_Technologies_STL_New_Logo.jpg
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SOURCE Sterlite Technologies Ltd. (STL) | https://www.wbrc.com/prnewswire/2022/07/25/stl-reports-20-yoy-revenue-growth-prepares-future-with-inr-11200-cr-order-book/ | 2022-07-25T13:24:45Z | https://www.wbrc.com/prnewswire/2022/07/25/stl-reports-20-yoy-revenue-growth-prepares-future-with-inr-11200-cr-order-book/ | true |
Health System Leader and Passionate Innovator Joins Leadership Team
PHOENIX, July 25, 2022 /PRNewswire/ -- Atlas Healthcare Partners, which specializes in developing and managing ambulatory surgery centers (ASCs) in partnership with health systems and physicians, recently announced the appointment of Cheryl Chisholm, MPA, as Chief People Officer. In this role, Chisholm will lead all aspects of Human Resources (HR) and oversee recruitment, compensation and benefits, leadership development, culture, and service delivery for its nearly 1,000 team members.
"Having worked with Cheryl while she was with Banner Health, I know her as a true leader who can bring out the best in people and is willing to go the extra mile to ensure success," said Atlas Healthcare Partners CEO Aric Burke. "Her leadership and direction will be a significant asset as Atlas builds a culture focused on creating a supportive environment for physicians, so they can succeed and spend time focusing on providing excellent patient care."
Prior to joining Atlas, Chisholm held leadership roles at Banner Health spanning patient relations, service excellence and human resources. As Associate Vice President-Corporate & Physician HR, she led an HR team of 100 that supported 17,000 Banner employees and 300 clinic locations in six states with responsibility for provider compensation, recruitment, clinician experience and development, and HR business partner teams. Chisholm also led HR for multiple large-scale acquisitions across several service lines, record-breaking provider recruitment, and a significant and sustained reduction in provider turnover through focused efforts on development and culture in partnership with leadership.
Chisholm holds a Master of Public Administration from the Keller Graduate School of Management. She is part of the Deloitte national 2022 Rising Leaders Collective, an honorary program designed to recognize and support a select group of emerging women leaders.
About Atlas Healthcare Partners
Atlas Healthcare Partners (Atlas) specializes in the development and management of ambulatory surgery centers (ASCs) in partnership with health systems and physicians. Atlas was formed in 2018 to develop and manage Banner Health's ASC network in Arizona, Colorado and Wyoming. Over a four-year period, Atlas has helped Banner more than triple its ASC network from 8 to 27 ASCs, which has significantly increased its market share and expanded its ASC service line offerings. Atlas now partners with additional health systems, including the newly formed BHSH, to develop and manage ASC networks in their markets, and MedAxiom to create a first-of-its-kind cardiovascular-focused ASC company. Atlas has a unique value proposition through its commitment to health system integration and physician partnerships. For more information, visit www.atlashp.com.
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SOURCE Atlas Healthcare Partners | https://www.kalb.com/prnewswire/2022/07/25/atlas-healthcare-partners-welcomes-cheryl-chisolm-chief-people-officer/ | 2022-07-25T13:24:52Z | https://www.kalb.com/prnewswire/2022/07/25/atlas-healthcare-partners-welcomes-cheryl-chisolm-chief-people-officer/ | true |
Company reiterates support of proposals for the authorization to increase number of shares available for issuance by the Company and authorization for the Board to effect a reverse stock split at their discretion
HOUSTON, July 25, 2022 /PRNewswire/ -- CNS Pharmaceuticals, Inc. (NASDAQ: CNSP) ("CNS" or the "Company"), a biopharmaceutical company specializing in the development of novel treatments for primary and metastatic cancers in the brain and central nervous system, today urged shareholders to vote in favor of the proposals outlined in the Company's Definitive Proxy Statement (the "Proxy") for the upcoming Annual Shareholder Meeting to be held Wednesday, July 27, 2022.
The proposals outlined in the Proxy include the authorization to increase the number of shares available for issuance by the Company and the authorization for the Board of Directors to effect a reverse stock split of the outstanding shares of the Company's common stock, at a split ratio of between 1-for-2 and 1-for-30 at their discretion.
"While we remain whole-heartedly dedicated to the advancement of our potentially pivotal global trial of Berubicin, we must also focus on our continued strategic fiduciary obligations to all stakeholders. After careful thought and consideration by both the management team and the board of directors, we strongly believe having these tools available at our discretion will enable us to effectively finance the Company and thereby drive the ongoing clinical development forward. To be clear, if approved, these tools will only be used if needed. It is necessary, however, as a cash-burning, development-stage company, to have the ability to issue stock on the market to raise capital and to have the best market for our shareholders to use when they wish to trade our stock. I, along with the rest of the CNS Pharmaceuticals team, urge shareholders to thoughtfully consider this opportunity to further equip the board of directors with available tools that, if needed, can be used to both maintain our NASDAQ listing by satisfying the minimum bid price requirement and enhance the long-term growth prospects of the Company by broadening our financing alternatives," commented John Climaco, CEO of CNS Pharmaceuticals. "In this turbulent and unpredictable market, we are dedicated to addressing the existential financial threats to the Company that currently exist. These tools will put the Company in the best position to manage challenging market conditions and to act, as always, in the best interest of all shareholders."
Shareholders are urged to carefully review the Proxy and accompanying materials as they contain important information regarding the Share Consolidation and its consequences to shareholders. A copy of the Proxy is available in the Investors section of the Company's website and on the U.S. Securities and Exchange Commission's website at www.sec.gov.
YOUR VOTE IS IMPORTANT. VOTE TODAY!
A proxy form or voting instruction form accompanied the Meeting materials you received by mail. Instructions on how to vote, which vary depending on whether you are a registered or beneficial shareholder of the Company, are provided in the Circular and the proxy form or voting instruction form.
About CNS Pharmaceuticals, Inc.
CNS Pharmaceuticals a clinical-stage pharmaceutical company developing a pipeline of anti-cancer drug candidates for the treatment of primary and metastatic cancers of the brain and central nervous system. The Company's lead drug candidate, Berubicin, is a novel anthracycline and the first anthracycline to appear to cross the blood-brain barrier. Berubicin is currently in development for the treatment of a number of serious brain and CNS oncology indications including glioblastoma multiforme (GBM), an aggressive and incurable form of brain cancer.
Additionally, the Company is advancing the development of its WP1244 drug technology portfolio, which utilizes anthracycline and distamycin-based scaffolds to create small molecule agents and is believed to be 500x more potent than daunorubicin in inhibiting tumor cell proliferation. Preclinical studies of WP1244 demonstrated high uptake in the brain with antitumor activity. CNS Pharmaceuticals is evaluating the use of the WP1244 portfolio in the treatment of brain cancers, pancreatic, ovarian, and lymphomas.
For more information, please visit www.CNSPharma.com, and connect with the Company on Twitter, Facebook, and LinkedIn.
Forward-Looking Statements
Some of the statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, the timing of opening new sites in Europe. These statements relate to future events, future expectations, plans and prospects. Although CNS believes the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. CNS has attempted to identify forward-looking statements by terminology including ''believes,'' ''estimates,'' ''anticipates,'' ''expects,'' ''plans,'' ''projects,'' ''intends,'' ''potential,'' ''may,'' ''could,'' ''might,'' ''will,'' ''should,'' ''approximately'' or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including those discussed under Item 1A. "Risk Factors" in CNS's most recently filed Form 10-K filed with the Securities and Exchange Commission ("SEC") and updated from time to time in its Form 10-Q filings and in its other public filings with the SEC. Any forward-looking statements contained in this press release speak only as of its date. CNS undertakes no obligation to update any forward-looking statements contained in this press release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.
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SOURCE CNS Pharmaceuticals, Inc. | https://www.wcjb.com/prnewswire/2022/07/25/cns-pharmaceuticals-urges-shareholders-vote-favor-proxy-proposals-upcoming-annual-meeting-shareholders-july-27-2022/ | 2022-07-25T13:25:56Z | https://www.wcjb.com/prnewswire/2022/07/25/cns-pharmaceuticals-urges-shareholders-vote-favor-proxy-proposals-upcoming-annual-meeting-shareholders-july-27-2022/ | true |
VANCOUVER, BC, July 25, 2022 /PRNewswire/ - Copper Mountain Mining Corporation (TSX: CMMC) (ASX: C6C) (the "Company" or "Copper Mountain") announces second quarter 2022 financial and operating results. All currency is in Canadian dollars, unless otherwise stated. All results are reported on a 100% basis. The Company's Financial Statements and Management's Discussion & Analysis ("MD&A") are available at www.CuMtn.com and www.sedar.com.
- Production in Q2 2022 was 16.1 million pounds of copper equivalent, including 13.3 million pounds of copper, 5,792 ounces of gold, and 61,628 ounces of silver.
- Revenue for Q2 2022 was $59.1 million from the sale of 12.9 million pounds of copper, 5,069 ounces of gold, and 57,653 ounces of silver.
- C1 cash cost (1) per pound of copper produced in Q2 2022 was US$2.92.
- All-in sustaining cost ("AISC") (1) per pound of copper produced was US$3.65 and all-in cost ("AIC") (1) per pound of copper produced was US$4.93.
- Net loss for Q2 2022 was $5.3 million, or ($0.02) on a per-share basis.
- Cash flow from operations for Q2 2022 was $9.0 million, or $0.04 on a per-share basis(1).
- Cash, cash equivalents, and restricted cash at the end of June 30, 2022 was $92.2 million.
- Installed and commissioned additional cleaner circuit capacity to handle higher mill feed grade at higher tonnage rates.
- Received the 2022 Towards Sustainable Mining (TSM) Environmental Excellence Award in recognition of the Company's Electric Trolley Assist project.
"There were a number of challenging issues in the second quarter contributing to lower production and higher costs," commented Gil Clausen, Copper Mountain's President and CEO. "Most of the impact to production came from lower-grade ore and crushing circuit throughput. The mining of the last benches of Phase 2 from a lower grade area and the top cuts of the new North Pit, which was lower-grade and oxidized with some high clay content zones, created a sticky feed that impacted crushing circuit performance with clogged chutes and crushers plugging. Further, a stripping delay in Phase 4 slowed down the release of higher grade clean ore. Post quarter end, we started the ore release in Phase 4, and with the first half of the year behind us, we plan on delivering the higher production levels forecast for the remainder of the year. ncreased production will be largely driven by a few factors. First, as we finished mining through the bottom of Phase 2 and worked through the top oxidized benches of the North Pit, we will advance the clean ore in the North Pit and Phase 4 which will allow for higher recovery and support processing at full capacity. Second, we expect grades to average around 0.30% Cu for the remainder of the year as we mine mostly higher-grade ore from Phase 4, which is planned for late July. And third, copper recovery is expected to increase further with the completion of our plant optimization and improvement projects. With increased grade, recovery, and throughput, we expect strong production in the second half of 2022, with the fourth quarter being the strongest quarter, and carry that production through 2023 and 2024."
Mr. Clausen continued, "We are completing the engineering work on the Life of Mine technical study that will include a new updated mineral reserve and mineral resource estimate for the Copper Mountain Mine. The study includes trade-off analyses and scenario plans to evaluate throughput options for mill expansion. We expect this study to be published in September."
Production
The Copper Mountain Mine produced 13.3 million pounds of copper, 5,792 ounces of gold, and 61,628 ounces of silver in Q2 2022, compared to 25.5 million pounds of copper, 7,627 ounces of gold, and 147,973 ounces of silver in Q2 2021. Production was lower during the quarter due to lower grade and reduced mill throughput.
Mill feed grade in Q2 2022 was 0.23% Cu as compared to Q2 2021 of 0.42%. Ore was delivered to the mill from a lower grade area of Phase 2, the development phase of the North Pit, and from the low-grade stockpile during the quarter. All these sources resulted in lower mill feed grade in the quarter compared to Q2 2021. Phase 2 was mined out fully in June. Phase 4 higher grade ore release was delayed due to stripping shortfalls in the first half, resulting in the start of Phase 4 ore being released in mid-July.
Above average employee absences due to several reasons, including COVID-19, limited maintenance and operations staffing during the quarter, and impacted overall mine production. Contracted labour alleviated this issue, but resulted in higher labor costs. Hiring full time replacement equipment operators was progressing well by quarter end with mine production back on track. The commencement of mining in the North Pit was also later than planned due to regulatory delays of a few months as additional test work was requested on potential acid rock drainage from the North Pit. The Company completed this test work and received full permission to mine the North Pit early in the quarter.
Supply chain issues, including a lack of available parts for some of the mine's production drills, severely limited drilled and blasted inventory levels, further impacting stripping production and delaying some Phase 4 waste removal. This situation has steadily improved during the quarter, which allowed mine production to be increased, advancing the Phase 4 waste stripping in the Copper Mountain Mine Main Pit to expose higher grade ore starting in mid-July. Ore feed grades will improve in the year's second half to about 0.30% Cu for H2 2022, with the higher-grade Phase 4 ore being the primary ore supply for the remainder of 2022. Phase 4 higher grade ore will also be the main ore supply for 2023, driving increased production.
The mill processed a total of 3.3 million tonnes of ore during the quarter as compared to 3.4 million tonnes in Q2 2021. Mill throughput was restricted due to the availability of crushed ore from the crushing circuit. The processing of wet, higher clay ore from the bottom of Phase 2 and low-grade stockpile, and oxidized higher clay ore from the top benches of the North Pit, negatively impacted crusher circuit performance during the quarter. The crushing circuit with its newly installed main shaft continues to perform well when processing clean ore, consistent with historical performance. The Company started implementing improvements to the crushing circuit during the quarter to support sustainable design performance on the varying ore types. Implementation of these improvements, which began in June, is resulting in throughput improvements and the milling circuit is ready to process the design throughput.
Copper recovery was 79.1% in Q2 2022 as compared to 79.4% in Q2 2021. The milling of high oxide material from the initial benches of the North Pit and some higher oxide material in the low-grade stockpile negatively impacted recovery. The Company has now mined through most of the North Pit higher oxide zones. It expects the copper recovery to improve for the remainder of the year, with even further increases scheduled with the completion of the plant improvement and optimization projects and Phase 4 ore supply coming online.
Mill availability averaged 89.0% for Q2 2022 as compared to 94.1% in Q2 2021. Mill availability was impacted by the feed lines sanding and plugging to Ball Mill 3 when operating at low tonnage rates. This was modified at the end of the quarter and Ball Mill 3 can now support stable production at all tonnages rates.
The Company continues to advance its plant improvement and optimization projects at the mine. The installation of an additional large column flotation cell to increase cleaner circuit capacity was completed and fully commissioned during the quarter. This large new flotation cell provides additional cleaner circuit capacity to handle higher mill feed grades at higher tonnage rates. The new filter press has also been installed and is in the final stages of commissioning. This second filter press will allow for maintaining design mill tonnage rates during extended periods of higher grades, eliminating the requirement to reduce mill tonnage as was experienced in 2021. The new filters will fully support the planned increased production levels in the second half of 2022 and 2023 at any grade. The expansion to the rougher flotation circuit is about 40% complete and is now planned to be completed in Q4 2022, which will support high recovery, especially on slower kinetic ore types. Supply chain issues delayed the delivery of certain parts of the rougher expansion, pushing the completion date by a few months.
Costs
C1 cash cost, AISC and AIC per pound of copper produced are non-GAAP financial measures. See "Cautionary Note Regarding Non-GAAP Performance Measures" in this press release.
C1 cash cost per pound of copper produced, net of precious metal credits, for Q2 2022 was US$2.92, as compared to US$1.38 in Q2 2021. The variance in C1 cash costs for Q2 2022, as compared to Q2 2021, was due to several items, including:
- Lower copper production due to lower mill feed grade and reduced mill throughput; and,
- Inflationary pressures increased the cost of fuel, grinding media, and mobile equipment repairs,
With production levels expected to increase throughout the remainder of the year and an easing of the temporary operating costs from H1 2022, the Company anticipates C1 cash cost per pound of copper produced to markedly improve for the remainder of 2022.
AISC per pound of copper produced for Q2 2022 was US$3.65, compared to US$1.83 in Q2 2021. AISC carries forward from C1 cash costs with the addition of $12.3 million in sustaining capital, lease, and applicable administration expenditures in Q2 2022 compared to $14.1 million in Q2 2021. The increase in AISC is carried forward from higher C1 cash costs and higher sustaining capital of $8.9 million in Q2 2022 compared to sustaining capital of $7.0 million in Q2 2021.
Sustaining capital costs for Q2 2022 were higher than Q2 2021 mainly due to $2.9 million of expenditures for the new road overpass that will eliminate traffic interference with haulage trucks on the main waste haul road, thereby improving productivity by reducing haul truck cycle times and delays. Capital expenditures for these haul truck productivity improvements were completed in Q2 2022. Sustaining capital also includes costs associated with the mine's environmental water management projects. The mine water management projects have been substantially advanced and are expected to be fully completed in Q3 2022.
AIC per pound of copper produced for Q2 2022 was US$4.93, as compared to US$2.06 in Q2 2021. AIC carries forward from AISC with the addition of $21.7 million in deferred stripping as compared to $7.1 million in deferred stripping in Q2 2021. Deferred stripping costs in Q2 2022 were from regular development activities as the Company continued to advance the development of the higher grade Phase 4 pushback of the Main Pit.
In Q2 2022, revenue was $59.1 million, net of pricing adjustments and treatment charges, compared to $142.1 million in Q2 2021. Revenue in Q2 2022 is based on the sale of 12.9 million pounds of copper, 5,069 ounces of gold, and 57,653 ounces of silver. This compares to 21.7 million pounds of copper, 6,545 ounces of gold, and 121,291 ounces of silver sold in Q2 2021. The decrease in revenue was due to lower quantities of all metals sold and at a lower average price.
Cost of sales in Q2 2022 was $68.3 million as compared to $56.3 million for Q2 2021. The increase in cost of sales can largely be attributed to the increase in higher fuel and steel costs, and increased maintenance contractor support required to assist with managing COVID-19 absences, and other related workforce absences.
The Company generated a gross loss of $9.2 million in Q2 2022 as compared to a gross profit of $85.8 million for Q2 2021. The Company reported a net loss of $5.3 million for Q2 2022 as compared to a net income of $38.7 million for Q2 2021. The variance in net income for Q2 2022, as compared to Q2 2021, was due to several items, including:
- Lower revenue in Q2 2022 due to fewer pounds of copper sold as compared to Q2 2021.
- Q2 2022 included a $15.9 million negative mark to market and final adjustment from provisional pricing on concentrate sales, as compared to an $8.8 million positive mark to market and final adjustment from provisional pricing on concentrate sales for Q2 2021.
- Higher cost of sales in Q2 2022 due to increased operating costs as compared to Q2 2021.
On an adjusted basis, the Company recorded net earnings of $3.7 million in Q2 2022, or $0.02 per share, compared to net earnings of $32.2 million in Q2 2021, or $0.15 per share.
Copper Mountain Mine, Canada
The Company's mill optimization and improvement projects at the mine site continue to progress. The cleaner column expansion project was completed and commissioned during the quarter and the filter press expansion was completed and is in commissioning. The rougher expansion project has experienced some delays due to supply chain issues and is now expected to be completed in Q4 2022. Phase 1 of the Trolley Assist project was completed during the first quarter and the one-kilometer trolley-assist haul ramp and seven pantograph-equipped electric haul trucks were successfully commissioned.
Eva Copper Project, Australia
The Company announced updated economics for the Eva Copper Project, including capital and operating costs, at the end of 2021. The Company continues to advance project financing and detailed engineering on the project. In addition, the Company is evaluating strategic opportunities for the Eva Copper Project, and has engaged Macquarie Capital to assist with this process.
Exploration Update
Canada
The drilling program, which was initiated in March 2021 with the objective of expanding resources and reserves at the Copper Mountain Main Pit, North Pit, and New Ingerbelle, is complete. The program consisted of a total of 38,000 metres of diamond drilling. Results were positive with significant copper intersections below the current reserve pits.
In January 2022, the Company announced continued positive results from drilling at New Ingerbelle, extending mineralization at depth and to the west. For further details, please see the Company's January 20, 2022, and September 9, 2021 press releases. The Company plans to incorporate the results of the 2021-2022 drilling program into an updated mineral reserves and mineral resources estimate, along with a new "Life of Mine Plan", which is expected to be published in the third quarter of 2022.
Australia
In late 2021, the Company completed an exploration program on its Cameron Copper Project, located approximately 40 kilometres south of its Eva Copper Project. The program was designed to discover additional copper, copper-gold or gold deposits. The program, which consisted of detailed geophysical, geochemical, and geological surveys followed by drill testing, produced encouraging results with multiple mineralized zones identified. A total of 60 reverse circulation holes (6,997 metres of drilling) and 7 diamond drill holes (1,341 metres of drilling) were completed on a series of targets at Cameron (C1, C1 South, C2, C3, C6, and C24). The drill program encountered intercepts of high-grade mineralization, within long, low-grade mineralized envelopes, with lateral continuity between intercepts of up to 1 kilometre. For drill hole results please see Copper Mountain's October 12, 2021 press release.
The Company is currently conducting a review and evaluation of exploration targets on the entire Cameron license block. Data from last years program is being integrated with open file geophysical data to produce an improved understanding of the structural and stratigraphic setting of copper prospects at Cameron. Additional geophysical surveys are planned for the second half of 2022 and will guide subsequent drill testing of targets.
This section of the press release provides management's production and cost estimates for 2022. See "Cautionary Note Regarding Forward-Looking Statements" in this press release. AIC per pound of copper produced is a non-GAAP financial measure. See "Cautionary Note Regarding Non-GAAP Financial Measures" in this press release.
As a result of H1 2022 production results, the Company now expects annual production in the range of 65 to 75 million pounds of copper. The Company expects production in the second half of 2022 to be considerably higher than the first half of 2022 as the Company begins to mine from higher grade ore from Phase 4 of the Copper Mountain Main Pit in July. The higher grade Phase 4 ore is expected throughout the remainder of 2022 and through 2023. As a result, the Company is reiterating its 2023 production guidance range of between 90 to 105 million pounds of copper.
The Company is increasing its AIC per pound of copper cost guidance for 2022 to the range of between US$2.75 and US$3.25 because of the higher-than-planned AIC in H1 2022 and inflationary pressures noted. As production is expected to increase throughout 2022, and there were a number of non-recurring expenses in H1 2022, the Company expects AIC to improve for the remainder of 2022.
Copper Mountain will host a conference call on Monday, July 25, 2022 at 7:30 am (Pacific Time) for senior management to discuss second quarter 2022 results.
Dial-in information:
Toronto and international: 1 (416) 764 8650
North America (toll-free): 1 (888) 664 6383
Webcast: https://produceredition.webcasts.com/starthere.jsp?ei=1557958&tp_key=b1495c40ef
Replay information:
Toronto and international: 1 (416) 764 8677, Passcode: 796638#
North America (toll-free): 1 (888) 390 0541, Passcode: 796638#
The conference call replay will be available until 8:59 pm (Pacific Time) on August 1, 2022. An archive of the audio webcast will also be available on the company's website at http://www.cumtn.com.
Copper Mountain's flagship asset is the 75% owned Copper Mountain Mine located in southern British Columbia near the town of Princeton. The Copper Mountain Mine currently produces approximately 100 million pounds of copper equivalent per year. Copper Mountain also has the 100% owned development-stage Eva Copper Project, which is expected to add approximately 100 million pounds of copper annually, in Queensland, Australia, and an extensive 2,100 km2 highly prospective land package in the Mount Isa area. Copper Mountain trades on the Toronto Stock Exchange under the symbol "CMMC" and Australian Stock Exchange under the symbol "C6C".
Additional information is available on the Company's web page at www.CuMtn.com.
On behalf of the Board of
COPPER MOUNTAIN MINING CORPORATION
"Gil Clausen"
Gil Clausen, P.Eng.
President and Chief Executive Officer
Website: www.CuMtn.com
This document may contain "forward looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). These forward-looking statements are made as of the date of this document and Copper Mountain does not intend, and does not assume any obligation, to update these forward-looking statements, whether as a result of new information, future events or otherwise, except as required under applicable securities legislation.
All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements relate to future events or future performance and reflect our expectations or beliefs regarding future events.
In certain circumstances, forward-looking statements can be identified, but are not limited to, statements which use terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes", "forecasts", "guidance", scheduled", "target" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved" or the negative of these terms or comparable terminology. In this document, certain forward-looking statements are identified, including production and cost guidance, anticipated production at the Copper Mountain Mine, expectations regarding the impact of the COVID-19 pandemic on operations, financial condition and prospects, anticipated metals prices and the anticipated sensitivity of the Company's financial performance to metals prices, the timing and results of the Company's exploration and development programs, the timing of the Company's plant improvement and optimization projects at the Copper Mountain Mine, the timing of the Company's updated mineral reserves and mineral resources estimate and new life of mine plan for the Copper Mountain Mine, the timing of studies, announcements, and analysis, events that may affect its operations and development projects, anticipated cash flows from operations and related liquidity requirements, the anticipated effect of external factors on revenue, such as commodity prices, estimation of mineral reserves and resources, mine life projections, reclamation costs, economic outlook, the impact of inflation, government regulation of mining operations, and business and acquisition strategies. Forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results, performance, achievements and opportunities to differ materially from those implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, among others, the successful exploration of the Company's properties in Canada and Australia, market price, continued availability of capital and financing and general economic, market or business conditions, extreme weather events, material and labour shortages, the reliability of the historical data referenced in this document and risks set out in Copper Mountain's public documents, including in each management's discussion and analysis and the Company's most recent annual information form, filed on SEDAR at www.sedar.com. The potential effects of the COVID-19 pandemic on Copper Mountain's business and operations are unknown at this time, including Copper Mountain's ability to manage challenges and restrictions arising from COVID-19 in the communities in which Copper Mountain operates and its ability to continue to safely operate and to safely return the business to normal operations. The impact of COVID-19 is dependent on a number of factors outside of the Company's control and knowledge, including the effectiveness of the measures taken by public health and governmental authorities to combat the spread of the disease, global economic uncertainties and outlook due to the disease, and the evolving restrictions relating to mining activities and to travel in certain jurisdictions in which Copper Mountain operates. Although Copper Mountain has attempted to identify important factors that could cause the Company's actual results, performance, achievements and opportunities to differ materially from those described in its forward-looking statements, there may be other factors that cause the Company's results, performance, achievements and opportunities not to be as anticipated, estimated or intended. While the Company believes that the information and assumptions used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Accordingly, readers should not place undue reliance on the Company's forward-looking statements.
This document includes certain non-GAAP performance measures that do not have a standardized meaning prescribed by International Financial Reporting Standards ("IFRS"). These measures may differ from those used and may not be comparable to such measures as reported by other issuers. The Company believes that these measures are commonly used by certain investors, in conjunction with conventional IFRS measures, to enhance their understanding of the Company's performance. These performance measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. These measures have been derived from the Company's financial statements and applied on a consistent basis. The calculation and an explanation of these measures is provided in the Company's MD&A and such measures should be read in conjunction with the Company's financial statements.
Condensed Consolidated Statements of Financial Position
(In thousands of Canadian dollars)
Condensed Consolidated Statements of Income and Comprehensive Income
(In thousands of Canadian dollars, except for number of and earnings per share)
Condensed Consolidated Statements of Cash Flows
(In thousands of Canadian dollars)
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SOURCE Copper Mountain Mining Corporation | https://www.kalb.com/prnewswire/2022/07/25/copper-mountain-mining-announces-q2-2022-financial-results/ | 2022-07-25T13:26:16Z | https://www.kalb.com/prnewswire/2022/07/25/copper-mountain-mining-announces-q2-2022-financial-results/ | true |
LAS VEGAS, July 25, 2022 /PRNewswire/ -- CIRQUE DREAMS HOLIDAZE is set to dazzle in over 40 U.S. cities in 2022, with its acclaimed and whimsical holiday spectacular! As the nation's premiere family holiday tradition CIRQUE DREAMS HOLIDAZE will convey the magic of the holiday season through a Broadway-style production infused with contemporary circus arts. Tickets for most cities are now on sale. Visit https://cirquedreams.com for the most current information and to find a venue near you.
As lights dim and the music swells, audiences will have visions of sugarplums dancing in their heads as a fantastical cast of holiday storybook characters come to life. Broadway World exclaims, "Lose yourself for 90 minutes and go back to those wonderful dreams you had as a kid."
Featuring an ensemble of aerial circus acts, sleight-of-hand jugglers, fun-loving skippers, breath-catching acrobatics, and much more, the Dayton Daily News proclaims, "A new set of eyes should be added to my Christmas list…there's no way the stunts I witnessed onstage actually happened as most of them aren't humanly possible."
Imaginative and fun for the whole family, CIRQUE DREAMS HOLIDAZE features a world-renowned cast of performers accompanied by an original music score including new twists on seasonal favorites. Singers, dancers, penguins, toy soldiers, and reindeer invoke the dreams behind a child's eye on the most magical of nights. Amidst a backdrop of new sets, scenery, and storylines, this family-friendly production is sure to put a twinkle in your eye!
The Cirque Dreams franchise is a globally recognized entertainment brand that has produced shows for Broadway, theatre tours, casinos, theme parks, resorts, cruise lines and venues worldwide. Since 1993, over 50 million people have experienced a Cirque Dreams show garnering critical acclaim from USA Today, Associated Press, the New York Times and Today Show. Cirque Dreams is critically acclaimed for imagining, creating, and producing whimsical theatrical spectacles of traditional European circus arts infused with American contemporary circus wrapped in a Broadway-style musical.
Cirque Dreams is a Cirque du Soleil Entertainment Group Company. For more information, visit https://cirquedreams.com/
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SOURCE Cirque du Soleil | https://www.kalb.com/prnewswire/2022/07/25/holiday-spectacular-cirque-dreams-holidaze-dazzle-over-40-us-cities-this-holiday-season/ | 2022-07-25T13:27:56Z | https://www.kalb.com/prnewswire/2022/07/25/holiday-spectacular-cirque-dreams-holidaze-dazzle-over-40-us-cities-this-holiday-season/ | false |
WARSAW, Ind. (AP) _ Lakeland Financial Corp. (LKFN) on Monday reported second-quarter net income of $25.7 million.
The Warsaw, Indiana-based bank said it had earnings of $1 per share.
The holding company for Lake City Bank posted revenue of $64.1 million in the period. Its revenue net of interest expense was $59.2 million, which topped Street forecasts.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LKFN at https://www.zacks.com/ap/LKFN | https://www.expressnews.com/business/article/Lakeland-Financial-Q2-Earnings-Snapshot-17326780.php | 2022-07-25T13:28:38Z | https://www.expressnews.com/business/article/Lakeland-Financial-Q2-Earnings-Snapshot-17326780.php | true |
Data Hub
Limuru Tea sale lifts lid on undervalued firms
Monday July 25 2022The dispute between minority shareholders of listed Limuru Tea over the sale of a majority stake by Unilever to US private equity fund CVC Capital Partners has once again brought a spotlight on the market valuation of plantation firms versus that of the land they hold.
The six listed agriculture firms, as well as others in the manufacturing and construction sectors, hold thousands of hectares of prime land, whose worth is sometimes downplayed in financial reports by being valued at cost rather than the current market price.
The six firms —Eaagads, Kakuzi, Kapchorua Tea, Williamson Tea, Sasini and Limuru Tea — place a value on their freehold land in their annual reports, with some listing the actual value with up-to-date valuations.
They also hold large tracts of leasehold land, which are however not given a valuation as per accounting rules.
Last month, documents filed in court by Limuru Tea minority shareholders led by tycoon Joe Wanjui and Wainaina Kenyanjui laid a claim of undervaluation of the firm’s land holdings in Limuru.
In their filings, they accused the firm of valuing its 696.8 acre plantation at an average of Sh1 million per acre, instead of about Sh23.3 million that is the prevailing land price in the area as per realtor HassConsult’s land index 2021.
The shareholders’ estimation would put the value of the land at Sh16.2 billion, versus the Sh696 million as per the firm’s valuation.
In its annual report for 2021, Limuru Tea stated that the carrying amount of its buildings and freehold land stood at Sh1.42 billion.
The land valuation claim is part of the shareholders’ petition asking the Capital Markets Authority (CMA) to block the sale of Unilever’s 52 percent stake in Limuru Tea, arguing that they were not offered a chance to buy the shares.
The CMA has ordered Limuru Tea to provide its fixed asset register together with all its land valuation reports and certified copies of land title deeds as part of the probe.
Limuru Tea has hit back at the regulator, arguing it has no valuation reports to show because the property has not been valued afresh in recent years.
Sasini said in its annual report for 2021 that it valued its land and development at Sh6.82 billion, while its market capitalisation stands at Sh4.98 billion.
Kakuzi, the largest firm in the market segment by market capitalisation (Sh7.94 billion), said in its 2021 annual report that the bundled net book value of its freehold land, buildings and dams stood at Sh1.21 billion at the end of last year.
The firm holds about 4,299 hectares of a mix of freehold and leasehold land in Makuyu in Murang’a and Nandi counties.
Williamson Tea put the net value its land and buildings a Sh1.28 billion as at March 2021, while Eaagads said that after a revaluation in December 2020, its 44 hectares in Thika are now valued at Sh815.45 million, pointing to a current market value of about Sh18.5 million per hectare.
The firms have a market capitalisation of between Sh442 million (Eaagads) and Sh7.9 billion (Kakuzi), and also some of the fewest issued shares at the bourse, which limits the availability of their stock to retail investors.
This thin liquidity—for instance, Limuru Tea has only 2.4 million issued shares and 212 shareholders— has brought challenges of price discovery because there aren’t sufficient volumes to sustain demand.
Attractive dividend payments on most of the sector firms have also made those holding these stocks demand an extra premium before selling.
Investors’ eyes were first opened to the potential value of the land holdings on watching the high-stakes battle between Centum and Rea Trading for control of Rea Vipingo, which was delisted in 2015.
British brothers Richard and Jeremy Robinow, who already owned a combined 57 percent in the Sisal firm through Rea Trading and Rea Holdings Plc, initially sought in November 2013 to buy out the remaining shares at a price of Sh40 per share, representing a premium of Sh12.50 on the firm’s last trading price.
Their offer prompted counter offers from fellow listed firm Centum and private investor Vania Investment Pool (VIP), which progressively drove the price higher as each sought to entice shareholders to vote in favour of their offer.
Eventually, the Robinow brothers emerged the successful bidders, taking over the firm at a price of Sh85 per share, which valued the firm at Sh5.1 billion.
Centum dropped its bid in exchange of 10,546 acres of prime Rea Vipingo land in Kilifi at Sh2 billion. Vania’s bid was ruled out on technicality after late submission.
The bidding war was largely informed by the firm’s ownership of nearly 70,000 acres of land in Kenya and Tanzania, especially at the Coast next to the high end Vipingo Ridge golf estate in Kilifi.
Other than the agriculture firms, manufacturing firms holding sizeable pieces in areas such as Nairobi’s industrial area are also sitting on unrealised value.
For instance, tyre distributor Sameer Africa’s land in Embakasi, which is valued on its books at the original acquisition cost of Sh575.4 million, currently has an estimated market value of Sh8.07 billion.
This value is nearly eight times Sameer’s market capitalisation of Sh1.1 billion.
The WannaCry ransomware locked files in a computer and instructed users to pay Sh35,556 ($300) in the internet currency Bitcoin to free them up.
In the Headlines
Minimum tax to go as Sh8bn levies kick in
By OTIATO GUGUYUTech talent battle heats up as Safaricom hires 400 developers
By OTIATO GUGUYUCJ shuffles High Court judges
By SAM KIPLAGAT43minutes ago. | https://www.businessdailyafrica.com/bd/data-hub/limuru-tea-sale-lifts-lid-on-undervalued-firms-3890610 | 2022-07-25T13:29:20Z | https://www.businessdailyafrica.com/bd/data-hub/limuru-tea-sale-lifts-lid-on-undervalued-firms-3890610 | false |
FAIRMONT, W.Va., July 25, 2022 /PRNewswire/ -- Mon Power, a subsidiary of FirstEnergy Corp. (NYSE: FE), has hired 10 new line and substation graduates of Power Systems Institute (PSI), the company's award-winning, two-year educational program that helps prepare the next generation of line and substation workers for FirstEnergy's 10 electric utility companies.
The new employees include nine lineworkers and one new substation electrician who recently graduated from the PSI partnership established in 2012 with Pierpont Community & Technical College in Fairmont, West Virginia.
"Our Power Systems Institute develops top-quality, well-educated men and women for the electric utility industry," said James H. Myers, president of FirstEnergy's West Virginia Operations. "We look forward to these graduates joining our workforce to help continue providing safe and reliable electric service for our customers."
The new Mon Power lines employees, listed by work location, with their hometowns, are:
- Clarksburg Service Center – Dawson Carpenter, French Creek
- Franklin Service Center – Alec Horner, Morgantown
- Harrisville Service Center – Tyler Chisler, Wadestown; Elias Stamm, Salem
- Marlinton Service Center – Tyler McClanahan, Morgantown
- Parkersburg Service Center – Brad Ash, Cutler, Ohio
- Sistersville Service Center – Phillip Cooke, Morgantown
- Spencer Service Center – Benjamin Fox, Spencer
- Weirton Service Center – Seth Mozingo, New Cumberland
The new Mon Power substation employee listed by work location and hometown is:
- Clarksburg Service Center – Brian Moneypenny, Weston
The PSI curriculum requires two and a half days each week spent at Pierpont completing academic course work with the remainder of the week spent at a Mon Power training facility in White Hall, West Virginia, focusing on safe work practices and procedures in the electrical environment. Ultimately, students earn an associate of applied science degree in Electric Utility Technology.
Since the program was developed in 2000, FirstEnergy has hired more than 2,400 lineworkers and substation personnel who completed PSI programs in Ohio, Pennsylvania, New Jersey and West Virginia.
For information about how to enroll in the PSI program, call 1-800-829-6801, or visit www.firstenergycorp.com/psi.
Mon Power serves about 395,000 customers in 34 West Virginia counties. Follow Mon Power at www.mon-power.com, on Twitter @MonPowerWV, and on Facebook at http://www.facebook.com/MonPowerWV.
FirstEnergy is dedicated to integrity safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy online at www.firstenergycorp.com and on Twitter @FirstEnergyCorp.
Editor's Note: Photos of FirstEnergy's Power Systems Institute training program are available for download on Flickr.
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SOURCE FirstEnergy Corp. | https://www.kold.com/prnewswire/2022/07/25/mon-power-adds-new-line-substation-employees-power-systems-institute-training-program/ | 2022-07-25T13:32:40Z | https://www.kold.com/prnewswire/2022/07/25/mon-power-adds-new-line-substation-employees-power-systems-institute-training-program/ | false |
AUSTIN, Texas, July 25, 2022 /PRNewswire/ -- theLotter Texas, which launched two years ago, is reporting selling a massive number of lottery tickets to Texans after the multi-state Mega Millions rolled over last Friday. The Mega Millions jackpot rose to $790 million after no one picked the right numbers for the Friday night drawing. Texans are eager to order their tickets before Tuesday when the next drawing takes place and in increasing number of them do so via the website of theLotter Texas.
"These sort of jackpot amounts remind us all of the glory days of 2016 and 2018," says Peggy Daniel, theLotter's U.S. Managing Director. "First, in January of 2016, Powerball rose to $1.586 billion. That sum was scooped up and divided up by 3 ticketholders in Florida, California, and Tennessee. Mega Millions itself set a record in October 2018 when a single player in South Carolina won the $1.537 billion jackpot, making it the largest ever single win in US lottery history. If the $790 Million Mega Millions jackpot isn't won on Tuesday night, it is set to rise towards the billion mark once again."
theLotter Texas provides customers with a courier service for lottery tickets, meaning that Texans can order an official Texas Lottery ticket on its website. It offers further features which differentiate it from other retailers: from subscriptions and special multi-draw packages to special offers such as every tenth ticket free.
So how does it work? "Our service aims to make playing the Texas Lottery convenient and safe: a client simply places an order on our site and one of our couriers buys the ticket on the client's behalf. We then upload a scan of the actual paper ticket and always notify the client after winning any prize. Wins of up to $600 are transferred directly to a client's account, bigger prizes can be collected in person at Texas Lottery offices," clarifies Daniel.
About theLotter Texas
theLotter Texas is an online ticket purchasing service enabling residents of Texas to play Texas lottery games online, with official Texas Lottery tickets, from the comfort of home.
Download the app on iOS or Android and follow theLotter Texas on Facebook, Twitter and Instagram.
Gambling can be harmful if not controlled. Please play responsibly.
Contact: Jessica Griggs
Tel: (732) 546-8634
Email: jessicag@thelotter.com
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SOURCE theLotter | https://www.wcjb.com/prnewswire/2022/07/25/thelotter-texans-frenzy-get-tickets-790-million-mega-millions/ | 2022-07-25T13:34:01Z | https://www.wcjb.com/prnewswire/2022/07/25/thelotter-texans-frenzy-get-tickets-790-million-mega-millions/ | true |
MADISON, Wis. (AP) — Tom Nelson, a candidate who tried to position himself as the most progressive in Wisconsin's Democratic primary race for U.S. Senate, announced Monday he dropped out of the contest to face Republican incumbent Ron Johnson in November.
Nelson, the Outagamie County executive, threw his support to Lt. Gov. Mandela Barnes, who is in a tight race with Milwaukee Bucks executive Alex Lasry. State Treasurer Sarah Godlewski is polling further behind. Nelson was in fourth place.
"Mandela can now count on me to be on his side every step of the way,” Nelson said in a statement. “I urge other Democratic primary voters to also support him now as well.”
Nelson’s decision ends a campaign he launched in October 2020.
Federal filings show Nelson raised a little less than $1.4 million for his campaign and he said “unfortunately, money matters way too much in politics and running against two self-funding millionaires proved too much for this pastor’s kid.”
Lasry and Godlewski are both multi-millionaires. Lasry has poured in more than $12 million on his campaign, while Godlewski has spent nearly $4 million.
Barnes issued a statement welcoming the endorsement.
“I deeply respect Tom Nelson’s commitment to the working people in this state and I’m thankful for his endorsement,” Barnes said. “It will take all of us coming together in every corner of this state to beat Ron Johnson.”
Nelson’s name will still appear on the ballots Aug. 9 because they have already been printed. | https://www.mrt.com/news/article/Nelson-drops-from-Senate-race-backs-Mandela-17326806.php | 2022-07-25T13:34:55Z | https://www.mrt.com/news/article/Nelson-drops-from-Senate-race-backs-Mandela-17326806.php | false |
Immersive event dedicated to shaping the future of Optimal Health draws sold-out crowd in Atlanta
BALTIMORE, July 25, 2022 /PRNewswire/ -- Medifast (NYSE: MED), the global company behind one of the fastest-growing health and wellness communities, OPTAVIA, held its annual OPTAVIA Convention from July 21-23. More than 17,000 people registered for the global event, which drew a sold-out crowd to State Farm Arena in Atlanta as well as thousands more who joined virtually. This year's event, the largest to date, follows a year of rapid growth that catapulted Medifast to becoming the number one weight loss program in 2021 by revenue in the United States.* The company expects future event attendance to continue to grow as it sets its sights on expansion into the $230 billion health and wellness market.
"This year's Convention – our flagship event – exemplified the passion and energy among our OPTAVIA Coaches and Clients," said Dan Chard, Chairman and Chief Executive Officer of Medifast. "Today, we've served more OPTAVIA Clients than at any other point in our company's history. Now, we're ready to broaden our impact and widen our reach in the $230 billion health and wellness market, and help more people live happier and healthier lives through our collective dedication to our mission of Lifelong Transformation, One Healthy Habit at a Time."
The three-day convention featured keynote addresses from company executives and independent OPTAVIA Coach leaders as well as educational sessions and panel discussions. Once again, the company offered a Coach-led educational session in Spanish, following the popularity of the session at previous events. At the "Spotlight & Store," a unique, immersive onsite activation, attendees experienced the Habits of Health Transformational System through inventive displays of the six MacroHabits, habits that serve as a blueprint to learning, installing, and mastering lifestyle modifications for optimal health. Throughout the event, attendees commemorated their collective successes, networked with other members of the Community and united around OPTAVIA's mission to change the lexicon of health.
"This highly anticipated event celebrates the impact of our independent Coaches and unites us around our shared mission of transforming lives," said Nicholas Johnson, Chief Field Operations Officer for Medifast. "As people are increasingly faced with challenges in prioritizing their health, it's clear our work has just begun. Collectively, we are a powerful health and wellness Community that can be a catalyst to bigger changes for generations to come. Our remarkable OPTAVIA Coaches are dedicated to changing the trajectory of health for millions of people around the world."
As part of the event, the OPTAVIA Community raised over $90,000 in cash and stock donations for No Kid Hungry® and Living Classrooms Foundation in support of the company's philanthropic initiative, Healthy Habits For All®. Healthy Habits For All provides underserved populations with education and access to critical resources, empowering generations to adopt healthy habits that can lead to lifelong transformation.
Follow Medifast and OPTAVIA on social media for Convention and other company updates.
*Source Euromonitor International Limited; based on custom research conducted in Q2, 2022; value sales for structured weight loss and meal replacement programs in 2021.
About Medifast:
Medifast (NYSE: MED) is the global company behind one of the fastest-growing health and wellness communities, OPTAVIA®, which offers scientifically developed products, clinically proven plans and the support of independent OPTAVIA Coaches and a Community to help Customers achieve Lifelong Transformation, One Healthy Habit at a Time®. As the publicly traded market leader by revenue in the U.S. $7 billion weight management industry, the company has impacted more than 2 million lives through its Community of OPTAVIA Coaches, who teach Customers how to develop holistic healthy habits through the proprietary Habits of Health® Transformational System. Medifast was recognized in 2022 as one of America's Best Mid-Sized Companies by Forbes, in 2020 and 2021 as one of FORTUNE's 100 Fastest-Growing Companies and was named to Forbes' 100 Most Trustworthy Companies in America list in 2017. For more information, visit MedifastInc.com or OPTAVIA.com and follow @Medifast on Twitter.
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SOURCE Medifast | https://www.kwch.com/prnewswire/2022/07/25/over-17000-registered-flagship-optavia-event-following-year-rapid-growth/ | 2022-07-25T13:35:53Z | https://www.kwch.com/prnewswire/2022/07/25/over-17000-registered-flagship-optavia-event-following-year-rapid-growth/ | false |
AKRON, Ohio, July 25, 2022 /PRNewswire/ -- The Illuminating Company, a FirstEnergy Corp. (NYSE: FE) utility, has hired 13 graduates of Power Systems Institute (PSI), the company's award-winning, two-year educational program that helps prepare the next generation of line and substation workers for FirstEnergy's 10 electric utility companies.
The new employees include ten lineworkers and three substation electricians who are recent graduates of the PSI training partnership with Cuyahoga Community College (Tri-C) in Cleveland. The graduates earned an associate of applied science degree in Electric Utility Technology.
"Our Power Systems Institute develops top-quality, well-educated men and women for the electric utility industry," said Edward Shuttleworth, president of Ohio Operations. "We look forward to these graduates joining our workforce to help continue providing safe and reliable electric service for our customers."
The new Illuminating Company lines employees listed by work location and hometown, are:
- Brooklyn Service Center – Michael Grantonic, Cleveland
- Mayfield Service Center – Richard Adams, Willoughby; Jager Englemann, Conneaut; Jesse Garcia, Jefferson; Jason Mayes, Jefferson
- Middlefield Service Center – John Cortnik, Kirtland
- Solon Service Center – Branden Gonzalez, Lorain
- Strongsville Service Center – Steve Billak, North Royalton; Michael Boey, Rocky River
- Westlake Service Center – Dillon Aslaskan, Avon Lake
The new Illuminating Company substation employees listed by work location, with their hometowns, are:
- Brooklyn Service Center – Eric Barberine, Fairview Park
- Euclid Service Center– Keith Britton, Austinburg; Chris Miller, Cleveland
PSI students split time between classes at Tri-C and The Illuminating Company's training facility in Brooklyn. Since the program's inception, FirstEnergy has hired more than 2,400 line and substation personnel who completed PSI programs in Maryland, New Jersey, Ohio, Pennsylvania and West Virginia.
For information about the PSI program, call 1-800-829-6801, or visit www.firstenergycorp.com/psi.
The Illuminating Company serves more than 750,000 customers across Ashtabula, Cuyahoga, Geauga, Lake and Lorain counties. Follow The Illuminating Company on Twitter @IlluminatingCo and on Facebook at www.facebook.com/IlluminatingCo.
FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy on Twitter @FirstEnergyCorp or online at www.firstenergycorp.com.
Editor's Note: Photos of FirstEnergy's Power Systems Institute training program are available for download on Flickr.
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SOURCE FirstEnergy Corp. | https://www.wflx.com/prnewswire/2022/07/25/illuminating-company-adds-new-line-substation-employees-power-systems-institute-training-program/ | 2022-07-25T13:36:35Z | https://www.wflx.com/prnewswire/2022/07/25/illuminating-company-adds-new-line-substation-employees-power-systems-institute-training-program/ | false |
REVELSTOKE, BC, July 25, 2022 /PRNewswire/ - Nutrition tracking app, Cronometer have announced the launch of a podcast called Discovering Nutrition with Cronometer.
Listeners can now join Cronometer's Community Manager, Eliisa Tennant as she speaks with a variety of doctors, dietitians and experts within the nutrition science field to gain a better understanding of the role nutrition plays regarding overall health. The podcast has plans to explore topics such as sleep, energy, mood, hormones, fitness and more!
Discovering Nutrition with Cronometer was launched with the first episode on May 26, which features Dr. Gabrielle Lyon discussing the topic of women's health. The company plans to release one episode per month with the next episode to feature celebrity trainer and fitness entrepreneur, Don Saladino.
Discovering Nutrition can be found on a range of popular podcast streaming platforms including Spotify, Google Podcasts and Amazon Music and soon to come to Apple Podcasts.
Anyone looking to better understand their health and nutrition can sign up for a Cronometer account for free on their website, or download the mobile app on the Apple App Store, or Google Play Store.
About Cronometer Software Inc.: Cronometer is a free personal health & nutrition tracker with the most accurate and comprehensive nutrition database on the market. Unlike other tracking apps, the nutritional data is curated from verified, accurate sources. Cronometer was originally developed by CEO Aaron Davidson in 2005 and started as a personal side project. Over the years it has transformed from a hobby into a thriving business with over 6 million users worldwide. They are a proudly Canadian company with a head office based in the small mountain town of Revelstoke, British Columbia.
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SOURCE Cronometer | https://www.wflx.com/prnewswire/2022/07/25/leading-health-app-launches-podcast-discovering-nutrition-with-cronometer/ | 2022-07-25T13:37:29Z | https://www.wflx.com/prnewswire/2022/07/25/leading-health-app-launches-podcast-discovering-nutrition-with-cronometer/ | true |
Milwaukee Bucks, Fiserv Forum to host career fair July 30
MILWAUKEE — The Milwaukee Bucks and Fiserv Forum will be hosting a career fair on July 30, the Bucks announced Thursday.
The fair will take place from 10 a,m. until 2 p.m. in the Fiserv Forum atrium.
A press release states the Bucks and Fiserv Forum will be hiring to fill retail, security, housekeeping, and guest experience positions. All roles are year-round and part-time.
Any interested applicants must be willing to work nights, weekends, and holidays.
Positions start at $14 an hour and will increase to $15 per hour after six months of service, a news release states.
All applications must be submitted online, and you also must bring a copy of your resume to the job fair.
For more information to apply, click here.
Report a typo or error // Submit a news tip | https://www.newsbreak.com/news/2675324069153/milwaukee-bucks-fiserv-forum-to-host-career-fair-july-30 | 2022-07-25T13:37:42Z | https://www.newsbreak.com/news/2675324069153/milwaukee-bucks-fiserv-forum-to-host-career-fair-july-30 | true |
(KTLA) — A car driven by actor Jason Momoa collided with a motorcycle in Topanga, Califonia, on Sunday morning, sending the biker to the hospital with minor injuries, according to the California Highway Patrol.
The motorcyclist, 21-year-old Vitaliy Avagimyan, of Tarzana, was riding a 2012 Honda and crossed the middle line of Old Topanga Road just after 11 a.m. and went “directly into the path of Jason Momoa’s vehicle,” a 1970 Oldsmobile, the CHP said in a collision report.
“As a result of this collision, Mr. Avagimyan was ejected from his motorcycle,” the CHP added.
Momoa, 42, flagged down a passing driver to call 911 and helped Avagimyan until an ambulance took the motorcyclist to Northridge Hospital with “minor, non-life threatening injuries,” the report said.
Momoa, known for his roles in “Aquaman,” “Game of Thrones” and “Dune,” was unhurt.
Anyone with information is asked to call the CHP at 818-888-0890. | https://www.wowktv.com/news/nexstar-media-wire/jason-momoa-involved-in-collision-with-motorcyclist/ | 2022-07-25T13:38:21Z | https://www.wowktv.com/news/nexstar-media-wire/jason-momoa-involved-in-collision-with-motorcyclist/ | false |
Terracon Foundation: The Terracon Foundation awarded a $4,900 community grant to the Southern Arizona Research, Science and Engineering Foundation. The funds will be used to support SARSEF’s Creating an Equitable AZ STEM Pipeline. To date, the Terracon Foundation has granted more than $3.5 million to community organizations, universities, dependents of employees, and for disaster relief efforts.
Round Room, LLC: Round Room, LLC., a Verizon authorized retailer, announced that its TCC and Wireless Zone stores are giving away backpacks in Tucson and across the country. Across the U.S. on Sunday, July 31, the company is donating 140,000 backpacks full of school supplies as part of its 10th annual School Rocks Backpack Giveaway. Families are invited to visit a store between 1 and 4 p.m. to pick up a backpack filled with pencils, paper, a pencil box, folders, a ruler and glue. One backpack per child present will be given away on a first-come, first-served basis while supplies last. In addition to the backpack donations, families can enter their students in a sweepstakes to win a $10,000 college scholarship through the giveaway’s Big Impact. Children in grades K-12 are eligible for entry. Five scholarships in total will be awarded to randomly selected winners. To find a location near you, visit tucne.ws/1kzp. Any leftover backpacks at School Rocks Backpack Giveaway events will be donated to local schools of each store’s choice.
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Western Wealth Capital: School supply kits and backpacks were given to school-age children at Tucson-area Western Wealth Capital-owned apartment communities. The backpacks included a school district-approved supply kit with notebooks and other vital supplies like pens and art supplies. This year, the company will surpass $200,000 in donated school supplies since the event’s inception in 2016, with more than 450 backpacks being distributed in Tucson this year alone.
Southwest Gas Foundation: Mayor Regina Romero’s Tucson Million Trees program received a $50,000 commitment from the Southwest Gas Foundation as part of the company’s multi-year pledge to responsible environmental stewardship and community partnerships. The donation, matched dollar-for-dollar through another philanthropic gift, represents a $100,000 boost towards the mayor’s goal of planting one million trees in Tucson by 2030. The donation is expected to increase the number of trees in up to five neighborhoods around Tucson, a news release said.
Submit items about charitable donations by businesses or nonprofits to business@tucson.com. | https://tucson.com/news/local/business/giving-back-in-southern-arizona/article_8caa891c-0840-11ed-bf39-07ce8124fcd3.html | 2022-07-25T13:42:33Z | https://tucson.com/news/local/business/giving-back-in-southern-arizona/article_8caa891c-0840-11ed-bf39-07ce8124fcd3.html | false |
The First CHAP Verified Solution Connects with Highly Accurate Speech Recognition Platform
DALLAS, July 25, 2022 /PRNewswire/ -- Continuing its mission to reduce the clinician shortage, Axxess, the leading technology innovator for healthcare at home, adds voice-to-text technology pioneer nVoq to its ecosystem. nVoq's speech recognition solution leads to an average 33% reduction in documentation time.
"Our priority is clinician ease of use. Every partnership we enter into is based on how it affects our clients, and in turn, the patient. We are positive this collaborative relationship with nVoq will lead to higher clinician satisfaction at a time when retention is key," says Axxess Founder and CEO John Olajide. "Both enterprise and smaller healthcare organizations need support right now, so we are actively engaging in ways to make providing care in the home easier."
nVoq is a HIPAA and PCI-DSS compliant, cloud-based speech recognition platform with an impressive track record of improving documentation quality while also reducing documentation time. With its wide medical vocabulary, clinicians can dictate patient information that will integrate seamlessly into their Axxess documentation.
"Our leading-edge technology greatly benefits post-acute organizations – easing the burden of documentation while increasing clinician satisfaction and improving their work-life balance," said nVoq Chief Operating Officer Deborah Gillotti. "We are very excited about the relationship that's been formed with Axxess and look forward to continued collaboration."
About Axxess
Axxess is the leading technology innovator for healthcare at home, focused on solving the most complex industry challenges. Trusted by more than 9,000 organizations that serve more than 3 million patients worldwide, Axxess offers a complete suite of easy-to-use software solutions that empower home health, home care, hospice, and palliative providers to make healthcare in the home human again. The company's collaborative culture focused on innovation and excellence is recognized nationally as a "Best Place to Work."
About nVoq
nVoq Incorporated, headquartered in Boulder, CO, provides HIPAA-compliant, SaaS-based speech recognition to the healthcare industry, with a strategic emphasis on the post-acute care segment. nVoq's platform supports both mobile and office-based clinicians in capturing patient narratives at the point of care to expedite high-quality documentation, simplify coding, and streamline reimbursement. For more information, go to nVoq.com or call Kristen Ayers, Director of Marketing at 303-304-7021.
Contact: Dennis Petroskey
(202) 215-6767
dpetroskey@axxess.com
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SOURCE Axxess | https://www.ktre.com/prnewswire/2022/07/25/axxess-clients-save-more-time-increase-documentation-accuracy-through-collaborative-nvoq-partnership/ | 2022-07-25T13:44:16Z | https://www.ktre.com/prnewswire/2022/07/25/axxess-clients-save-more-time-increase-documentation-accuracy-through-collaborative-nvoq-partnership/ | true |
TUNIS, Tunisia (AP) — Tunisians are voting Monday for a controversial new constitution put forward by President Kais Saied that critics say will formalize his power grab and reverse hard-won democratic gains in the North African nation.
Monday’s referendum marks one year to the day that Saied froze Tunisia’s parliament and dismissed his government — a move derided by critics as “a coup” but celebrated by Tunisians who had grown exasperated with the country’s political elites and years of economic stagnation. In the year since then, Saied has given himself the power to rule by decree and has fired dozens of judges, decisions that have provoked a series of protests.
The new constitution gives the office of the president all executive powers and removes key checks and balances. The power of Tunisia’s judiciary and parliament would be greatly reduced.
Critics warn that Saied’s new political structure could pave the way to a new autocracy in the country that rose up against former autocratic strongman Zine El Abidine Ben Ali in 2011 and kicked off the Arab Spring pro-democracy protests. Tunisia is the only nation to emerge with a democracy from those protests.
Saied says the changes are needed to eliminate corruption and “return the nation to the revolutionary path.”
After casting his vote in Tunis on Monday morning, Saied told the Associated Press that the referendum was a call to Tunisians everywhere “to partake in history, to create a new history.”
Saied rejected fears the constitution would revive a dictatorship, saying that citizens were able to protest and express themselves freely.
“There is no dictatorship, as I said in the explanatory document on rights and freedoms: this constitution protects (such freedoms), and the revolution is defended by a people who stand up to those who undermine it.”
Turnout was visibly low when polls in Tunis opened in Monday as witnessed by the AP. Many observers are expecting a low voter turnout, underscoring Tunisians’ disenchantment with politics and their daily struggles coping with rising inflation that has reached 8.1%.
Officially, however, authorities are reporting high turnout numbers. Independent High Authority for Elections (ISIE) President Farouk Bouaskar said 6.32% of ballots had been cast by 9:30am compared with 1.6% for the same time in the 2019 elections.
Despite the scorching heat, a handful of elderly voters turned up to cast their vote. One voter, Fatma, who did not wish to give her full name, said, “I waited for this opportunity to vote for a longtime. I hope that it brings good for the Tunisian people and the country.”
The drafting and organization of Monday’s referendum has been marred by controversy. Sadok Belaid, a constitutional law professor Saied brought in to head the committee drafting the new constitution, has denounced the result — which was extensively revised by the president — saying it “contains considerable risks and shortcomings” that could pave the way for “a disgraceful dictatorial regime.”
Saied has urged Tunisians to back the proposal, despite electoral standards requiring that he remain neutral. The vote will be supervised by the Independent High Authority for Elections, whose members he appointed.
A former constitutional law professor, Saied ran for the presidency on a populist, anti-corruption platform in 2019, winning with over 70% of the votes in the second round.
Supporters of Saied believe the new constitution will put an end to years of political deadlock.
Fatma Ben Salah, a pro-Saied civil society activist, says it’s “abnormal” that the 2014 constitution gives more power to the prime minister than a president elected by a large majority. Ben Salah says Tunisia became ungovernable due to years of conflict between the three branches of government, accentuating the economic and social crises plaguing the country whose unemployment rate stands at more than 16%.
Former Minister Hatem El Euchi believes the unification of executive power could ensure stability, revive the economy and investment and create jobs.
But for Tunisian magistrate Ahmed Souab, the constitution represents a “serious danger for democracy” because it does not guarantee a clear balance of powers and gives more prerogatives to Saied than those held by previous Tunisian strongmen.
Numerous civil society groups have rejected the new constitution. The Tunisian non-governmental group Al Bawsala says the new constitution would lead to a monopolization of power that would threaten every citizen’s rights and freedoms.
“(This) does not provide any control mechanism, even in the event of a flagrant violation of the constitution by the president,” Al Bawsala communications officer Haythem Benzid told The Associated Press.
Benzid believes Saied is relying on the widespread discontent caused by the mismanagement of public affairs in the decade since Tunisia’s revolution.
The proposed constitution has split Tunisia’s opposition. Only one party, Afek Tounes, has said it will vote against the proposal. Most political parties, including Tunisia’s influential Islamist party Ennahdha, say they plan to boycott Monday’s referendum so as not to legitimize the process.
“We refuse to go to the funeral of democracy,” said Republican Party leader Issam Chebbi, adding that he considers “the absolute personal power” that Saied wants to grant himself “worse than that of Ben Ali.”
Tunisian activist Henda Fellah tweeted Sunday that she had decided to boycott the vote, saying the text is built on a flawed foundation and that its violations of electoral law were “countless.”
“This would be the first time I’m not voting since 2011,” Fellah said.
Saied sidestepped an AP question whether a low turn out would cast doubt on the referendum’s validity.
Bouaskar, the ISIE president, said that the voting process was being monitored by 5,678 observers, including 124 foreigners.
The preliminary results are expected to be announced by Wednesday, with a final result on Aug. 28. | https://www.cbs42.com/news/ap-top-headlines/tunisians-vote-on-proposal-to-give-president-more-power/ | 2022-07-25T13:44:47Z | https://www.cbs42.com/news/ap-top-headlines/tunisians-vote-on-proposal-to-give-president-more-power/ | true |
CINCINNATI (AP) — Two of the St. Louis Cardinals’ best players, third baseman Nolan Arenado and first baseman Paul Goldschmidt, won’t be making the trip to Toronto for a short series with the Blue Jays because they haven’t received the COVID-19 vaccination.
The Cardinals announced Sunday that catcher Austin Romine also will not be going to Canada with the team for its Tuesday and Wednesday games.
Canada has restrictions on travelers who aren’t vaccinated against COVID-19.
Arenado, Goldschmidt and Romine will be placed on the restricted list and forfeit pay and major league service time in accordance with the terms of MLB’s collective bargaining agreement. Arenado will lose $384,416, Goldschmidt $241,758 and Romine $10,989.
Goldschmidt leads the Cardinals in most offensive categories, including batting average (.333), home runs (22), RBIs (74), on-base percentage (.416) and hits (116). Arenado has 102 hits, 18 home runs and 59 RBIs.
Romine joined the Cardinals earlier this season as backup for the injured Yadier Molina, who is expected to rejoin the team next month.
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More AP MLB: https://apnews.com/hub/MLB and https://twitter.com/AP_Sports | https://www.fox16.com/sports/arenado-goldschmidt-unvaccinated-wont-make-toronto-trip/ | 2022-07-25T13:44:59Z | https://www.fox16.com/sports/arenado-goldschmidt-unvaccinated-wont-make-toronto-trip/ | true |
(WGHP) — Veteran actor David Warner has died at 80 years old, according to reports from The Guardian.
The British actor had an expansive career in television, movies, the stage and radio. He had roles in “Doctor Who,” “Star Trek” and “Tron,” as well as “Titanic” and the horror film “The Omen.” He was regarded as “the finest Hamlet of his generation” when he performed with the Royal Shakespeare Company.
The BBC reports that Warner had been fighting cancer.
In a statement to the BBC, Warner’s family said: “Over the past 18 months he approached his diagnosis with a characteristic grace and dignity … He will be missed hugely by us, his family and friends, and remembered as a kind-hearted, generous and compassionate man, partner and father, whose legacy of extraordinary work has touched the lives of so many over the years. We are heartbroken.”
According to IMDB, his most recent credits include voiceover work in the Cartoon Network series “Teen Titans GO!” and a role in “Mary Poppins Returns.” His career spanned six decades. | https://www.ksn.com/entertainment/david-warner-british-actor-who-starred-in-the-omen-titanic-dies-at-80/ | 2022-07-25T13:47:12Z | https://www.ksn.com/entertainment/david-warner-british-actor-who-starred-in-the-omen-titanic-dies-at-80/ | true |
New offerings reduce friction and improve scalability for strapped cloud security teams
DALLAS, July 25, 2022 /PRNewswire/ -- Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, builds on years of cloud security leadership by offering new deployment models and services to improve customer experience.
With 17.7% of the cloud workload security market share, Trend Micro's share is nearly three times the size of the next largest competitor, according to IDC1. The company is No. 1 in cloud workload security for the fourth consecutive year and furthers its market leadership with ongoing innovations based on customer feedback.
"Our priority is to secure our customers' cloud journeys from start to finish, no matter what their digital transformation looks like," said Mike Milner, vice president of cloud technology for Trend Micro. "By understanding cloud security pain points, we have continued to improve and expand the way our products are offered to meet customers where they're at. We've always been ahead of the cloud security curve, and we will continue to innovate to stay ahead."
Market leading cloud security management begins with a streamlined setup for new customers that reveals what needs protection in their cloud environment. Security teams lack visibility into their complete cloud environment, let alone awareness of what is at risk. Trend Micro prioritizes the areas of greatest risk and enables customers to address the issues, rather than expecting security teams to diagnose and know how to fix any problems.
Two additional new features for the overall cloud security platform include:
- All the benefits of cloud-based network security without the operational overhead, freeing teams to focus on running apps and not the infrastructure
- Container security with simplified deployment to scan container images faster with no impact to speed. This update extends the company's existing container offering, which was the first offered by a cybersecurity provider.
In 2022, Trend Micro has also added to its more than 15 AWS competencies to now include Healthcare and DevSecOps.
Trend Micro was the first dedicated security provider to offer cloud protection in 2010. Since then, the company has built the most comprehensive cloud security platform, protecting all types of cloud environments and assets. The platform is fully available on marketplaces from the major cloud service providers, including AWS, Microsoft Azure and Google Cloud Platform, making consumption and procurement simple.
To learn more, visit Trend Micro at AWS re:Inforce booth #101 or here: https://www.trendmicro.com/en_us/business/capabilities/solutions-for/cloud.html.
About Trend Micro
Trend Micro, a global cybersecurity leader, helps make the world safe for exchanging digital information. Fueled by decades of security expertise, global threat research, and continuous innovation, Trend Micro's cybersecurity platform protects hundreds of thousands of organizations and millions of individuals across clouds, networks, devices, and endpoints. As a leader in cloud and enterprise cybersecurity, the platform delivers a powerful range of advanced threat defense techniques optimized for environments like AWS, Microsoft, and Google, and central visibility for better, faster detection and response. With 7,000 employees across 65 countries, Trend Micro enables organizations to simplify and secure their connected world. www.TrendMicro.com.
1 IDC: Worldwide Hybrid Cloud Workload Security Market Shares, 2021
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SOURCE Trend Micro Incorporated | https://www.wlbt.com/prnewswire/2022/07/25/superior-cloud-security-management-only-found-with-trend-micro/ | 2022-07-25T13:48:09Z | https://www.wlbt.com/prnewswire/2022/07/25/superior-cloud-security-management-only-found-with-trend-micro/ | true |
CHINO, Calif., July 25, 2022 /PRNewswire/ -- Atezr, the innovation-driven global tech brand, has just announced the launch of the P20 Plus laser engraving and cutting machine, a powerful 4-beam diode laser engraver that equals the capabilities of a 300W CO2 laser engraver. The engraving and cutting area of the P20 Plus can reach up to 430 × 430 mm, more than a hundred different kinds of materials can be cut, the engraving accuracy is improved to fall within 0.01 mm, and it makes people's artwork come to life at a resolution of up to 529 DPI.
Laser engraving machines can be used to engrave text, logos, and images onto the surface of various materials and objects (such as wood, bottles, business cards, furniture, and leather) or to cut DIY toys and decorations. The fully aluminum structure of the Atezr P20 Plus ditches the dull industrial aesthetic in favor of a serene and stunning sci-fi blue. The P20 Plus features higher repetition positioning accuracy, motion stability, processing speed, and a longer service life thanks to the brand-new optical axis transmission structure. The high-precision laser spot is reduced to 0.08 × 0.06 mm, achieving a resolution of 529 DPI and assisting artists and engraving aficionados in producing lifelike works or batch art processing. The Atezr P20 Plus is also a reliable option for industrial-strength mass production for small- and medium-sized organizations.
The P20 Plus is a powerful diode laser engraver and cutter, built by the Atezr team after years of research on laser engraving machines, which can meet the needs of large, medium, and small engraving and cutting projects. The newly upgraded Atezr P20 Plus adopts spot compression technology and has four 6W diodes which compress the laser spot to 0.08 × 0.06 mm and have a 99.6% output efficiency. The P20 Plus high-density laser's cutting speed is 40% faster than that of regular laser engraving equipment, and it can readily cut black acrylic that is 25 mm or even 30 mm thick, as well as 0.3 mm-thick metal. Also, it can cut through 12 mm of solid wood at once, leaving clean, fine-cut edges with less residual scorch.
The P20 Plus uses a new panoramic filter glass eye protection design that can filter 97% of UV rays. The glass design and cooling fan housing avoid burns when working at high temperatures and extend the machine's service life. The built-in 256-bit color scale intelligently identifies the proportion of red, green, and blue in the engraving work based on the various grayscales of the image material, producing clear and complete work. The P20 Plus has built-in fume filtration with air assist to properly eliminate the fumes produced during the laser engraving process.
The P20 Plus's 32-bit motherboard allows for faster and more reliable engraving, and it has Wi-Fi connectivity for quicker transmission rates. Both offline engraving and app functionality are supported. People can use a TF card or the Atezr app to complete outdoor engraving and cutting tasks when no computer connection is available.
The P20 Plus is a technological breakthrough by the Atezr team, and Atezr will soon introduce P5 (5W) and P10 (10W) laser engraving and cutting machines. The 5W laser engraving machine is ideal for families to create simple toys for kids on weekends and afternoons, spend quality time together, and inspire kids' creativity. For those who enjoy using laser engraving machines, 10W is another helpful tool for fostering creativity. The 10W laser engraver is useful for innovative teaching strategies in schools. With its quick and accurate laser, projects are simple to implement, and students can actively engage in the course.
For more information, please visit: https://atezr.com/
About Atezr
Atezr is a creative worldwide technology brand. We aim to create wonderful memories for our users with our inventive tools. Our stories originate from discovery and inspire us to create a better life. Your demands are the driving force behind all we do, whether you're an artist, an engineer, a workshop, a small business, or a parent who wants to engrave a beautiful DIY gift for your child. Making everyone's imaginative dreams a reality is Atezr's goal. After many years of research, we have achieved a technological breakthrough in the field of laser engraving machines. In the future, Atezr will continue innovating to help more people realize their ideas.
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SOURCE Atezr | https://www.valleynewslive.com/prnewswire/2022/07/25/atezr-announces-launch-p20-plus-20w-quad-laser-engraver-amp-cutter/ | 2022-07-25T13:51:25Z | https://www.valleynewslive.com/prnewswire/2022/07/25/atezr-announces-launch-p20-plus-20w-quad-laser-engraver-amp-cutter/ | false |
WILLEMSTAD, Curacao, July 25, 2022 /PRNewswire/ -- Retail Holdings N.V. (Symbol: RHDGF) -- Retail Holdings N.V. ("Retail Holdings" or the "Company") announced that the Retail Holdings Board of Directors has approved a distribution of $0.56 per common Share of the Company. The record date for this distribution will be August 22, 2022 and the payment date for the distribution will be August 24, 2022. The $0.56 distribution will bring total dividends and distributions paid to Shareholders from inception of the dividend/distribution program in 2007 to $38.86.
The $0.56 per Share distribution exceeds 25% of the Company's closing stock price. Consequently, pursuant to FINRA rules, the date on which the Company's shares will begin to trade without the distribution, or ex-distribution, is the first business day following the payment date. The Company anticipates that in accordance with this rule, the ex-distribution date as set by FINRA will be August 25, 2022, the first business day following the payment date for the distribution, which is August 24, 2022. Shareholders who have questions regarding this matter are advised to contact their broker or financial advisor.
The Company is not able at this time to characterize the distribution as to whether it is a return of capital, a dividend, or otherwise for US federal income tax purposes. This will only be ascertained with certainty following the closing of the Company's 2022 year-end accounts, sometime after December 31, 2022.
The distribution is to be funded from Retail Holdings' existing cash balance. For a fuller explanation as to the Company's current status, intentions and likely timetable, including with regard to any future distributions, please see the Chairman's Letter to Shareholders, dated July 25, 2022, posted on the Corporate/Investor, Annual and Periodic Reports section of the Company's website www.retailholdings.com and included with the 2022 Retail Holdings N.V. Proxy Statement mailed to Shareholders.
Additional financial and other information about Retail Holdings N.V. may be found at the Corporate/Investor section of the Company's website: www.retailholdings.com. Price quotations for the Company's shares are available on the "Pink Sheets" quotation services under the symbol "RHDGF".
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SOURCE Retail Holdings N.V. | https://www.ktre.com/prnewswire/2022/07/25/retail-holdings-nv-announces-056-per-share-distribution/ | 2022-07-25T13:51:36Z | https://www.ktre.com/prnewswire/2022/07/25/retail-holdings-nv-announces-056-per-share-distribution/ | false |
AKRON, Ohio, July 25, 2022 /PRNewswire/ -- Ohio Edison and Pennsylvania Power (Penn Power), FirstEnergy Corp. (NYSE: FE) utilities, have hired 21 graduates of Power Systems Institute (PSI), the company's award-winning, two-year educational program that helps prepare the next generation of line and substation workers for FirstEnergy's 10 electric utility companies.
The graduates all recently completed the Power Systems Institute (PSI) training program in partnership with Stark State College in North Canton, earning their associate of applied science degree in Electric Utility Technology. This is the fourth graduating class since 2014.
"Our Power Systems Institute develops top-quality, well-educated men and women for the electric utility industry," said Edward Shuttleworth, president of Ohio Operations. "We look forward to these graduates joining our workforce to help continue providing safe and reliable electric service for our customers."
The new Ohio Edison line employees listed by work location, with their hometowns, are:
- Akron Service Center – Christopher Jackson, Barberton
- Elyria Service Center – Jack Clark, Shreve; Cole Clarke, Canton
- Kent Service Center – John Lawrence, Cuyahoga Falls
- Kinsman Service Center – Chayse Creager, Paris; Alex Rusu, Canfield
- Marion Service Center – Bradley Johnson, Mansfield.
- Medina Service Center – Nicholas Mayer, Akron; Zachary Oblisk, Akron
- Sandusky Service Center – Keaton Dyer, Ravenna
- Springfield – Zachary Forshey, Springfield
- Youngstown – Cory Andric, Beloit
The new Ohio Edison substation employees listed by work location, with their hometowns, are:
- Akron Service Center – Austin Wolfe, Canton; Johnathan Zerbini, Akron
- Elyria Service Center – Chase Grealy, Huron; Sara Hines, Mansfield
- Marion Service Center – Aaron Bradley, Mansfield
- Youngstown Service Center – Brenden Moore, Canton
- Warren Service Center – Salvatore Santell, Kinsman
The new Penn Power lines employees listed by work location, with their hometowns, are:
- Cranberry Service Center – Nick DiNardo, New Brighton, Pennsylvania; Tyler French, Bessemer, Pennsylvania
PSI students split time between classes at Stark State and Ohio Edison training facilities in Massillon. Since the program's inception, FirstEnergy has hired more than 2,400 lineworkers and substation personnel who completed PSI programs in Maryland, New Jersey, Ohio, Pennsylvania and West Virginia.
For information about the PSI program, call 1-800-829-6801, or visit www.firstenergycorp.com/psi.
Ohio Edison serves more than 1 million customers across 34 Ohio counties. Follow Ohio Edison on Twitter @OhioEdison and on Facebook at www.facebook.com/OhioEdison. Penn Power is a subsidiary of FirstEnergy Corp. and serves more than 160,000 customers in all or parts of Allegheny, Beaver, Butler, Crawford, Lawrence, and Mercer counties in western Pennsylvania. Follow Penn Power on Twitter @Penn_Power, on Facebook at www.facebook.com/PennPower and online at www.pennpower.com.
FirstEnergy is dedicated to integrity, safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation's largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company's transmission subsidiaries operate approximately 24,000 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy on Twitter @FirstEnergyCorp or online at www.firstenergycorp.com.
Editor's Note: Photos of FirstEnergy's Power Systems Institute training program are available for download on Flickr.
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SOURCE FirstEnergy Corp. | https://www.wymt.com/prnewswire/2022/07/25/ohio-edison-penn-power-add-new-line-substation-workers-power-systems-institute-training-programs/ | 2022-07-25T13:53:19Z | https://www.wymt.com/prnewswire/2022/07/25/ohio-edison-penn-power-add-new-line-substation-workers-power-systems-institute-training-programs/ | true |
TORONTO, July 25, 2022 /PRNewswire/ - Foresters Financial™ (Foresters), the fraternal life insurer that's boldly redefining the life insurance industry through innovation, purpose and wellness, today announced that it has increased the standard face amount limits for its Strong Foundation product offering1, an industry-leading non-medical term life insurance solution designed to meet a range of client needs. Insurability depends on answers to medical and other application questions and underwriting searches and review.
Effective immediately, the maximum standard face amount limit for individuals aged 18-55 is now $500,000, an increase of 25%. The maximum standard face amount limit for those aged 56+ is now $250,000, an increase of 66%.
Strong Foundation is available with 10, 15, 20, 25 or 30-year term guaranteed2, 3 death benefit durations and conversion to permanent life insurance privileges; approval decisions are also often provided in 10 minutes or less.
Foresters Financial US President,
, said, "Too many individuals are still living without life insurance
at a time of significant economic uncertainty. We're excited to announce this increase in face amount limits for Strong Foundation, our non-medical Term life solution. Additionally, our recently relaxed underwriting for individuals living with diabetes will allow more individuals to attain higher levels of life insurance and in turn, be able to provide greater protection for themselves and their loved ones."
This non-med solution represents an opportunity to offer greater insurance protection to those living with chronic obstructive pulmonary disease (COPD), and those who consume tobacco and certain amounts of cannabis, and individuals living with diabetes. In addition, in light of heightened inflation and with the rising cost of home ownership, Strong Foundation provides protection for larger mortgages, for qualified applicants.
In addition to higher face amounts and non-medical underwriting, Strong Foundation insureds are members who have access to all of Foresters exclusive member benefits4 and privileges.
Foresters Financial is redefining the life insurance and individual savings industry across the U.S., Canada and UK by enriching the lives, communities, and overall well-being of its members. Agents and members alike appreciate the turnkey-decisioned product offerings and end-to-end digitized sales processes that make it easy to get life insurance without traditional medical exams. State-of-the-art mobile tools help agents deliver tailored insurance protection to members. Dedicated to its members' well-being, Foresters offers a suite of member benefits and is redefining the conventional life insurance model, bringing improved financial security and overall wellness to everyday North American families. Foresters joined forces with Canada Protection Plan in 2020 to add being a leading life insurance distributor to its Canadian business. Foresters Financial is the trade name for The Independent Order of Foresters, the oldest non-denominational fraternal benefit society. For 21 straight years, The Independent Order of Foresters has received an "A" (Excellent) rating from A.M. Best.5
For information purposes only.
Foresters Financial, Foresters, Helping Is Who We Are, Foresters Care, Foresters Go and the Foresters Go logo are trade names and/or trademarks of The Independent Order of Foresters (a fraternal benefit society, 789 Don Mills Road, Toronto, ON, Canada M3C 1T9) and its subsidiaries.
Underwritten by The Independent Order of Foresters.
_____________________
1 Life insurance contracts are underwritten and issued by The Independent Order of Foresters, a fraternal benefit society. Foresters Strong Foundation may not be available or approved in all states and are subject to underwriting approval, limitations, contract terms and conditions, and state variations. Refer to the Foresters Strong Foundation Insurance contract for the specific state for these terms and conditions. Foresters Strong Foundation is filed under the following form numbers: ICC16-TERM-ALB-US01 or TERM-ALB-XX01-2016.
2 Foresters products and riders may not be available or approved in all states and are subject to eligibility requirements, underwriting approval, limitations, contract terms and conditions and state variations. Refer to the applicable Foresters contract for your state for these terms and conditions.
Underwritten by The Independent Order of Foresters.
3 Foresters members are insureds under a life or health insurance certificate issued by The Independent Order of Foresters or Foresters Life Insurance Company.
4 Foresters member benefits are non-contractual, subject to benefit specific eligibility requirements, definitions and limitations and may be changed or cancelled without notice or are no longer available.
5 The A.M. Best rating assigned on July 29, 2021, reflects the overall strength and claims-paying ability of The Independent Order of Foresters (IOF) but does not apply to the performance of any non-IOF issued products. An "A" (Excellent) rating is assigned to companies that have a strong ability to meet their ongoing obligations to policyholders and have, on balance, excellent balance sheet strength, operating performance and business profile when compared to the standards established by. A.M. Best Company. A.M. Best assigns ratings from A++ to F, A++ and A+ being superior ratings and A and A- being excellent ratings. See ambest.com for our latest rating.
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SOURCE The Independent Order of Foresters | https://www.valleynewslive.com/prnewswire/2022/07/25/foresters-financial-increases-face-amount-limits-strong-foundation-non-medical-term-life-insurance/ | 2022-07-25T13:53:54Z | https://www.valleynewslive.com/prnewswire/2022/07/25/foresters-financial-increases-face-amount-limits-strong-foundation-non-medical-term-life-insurance/ | true |
A Pennsylvania waitress was shocked when she received a $3,000 tip
A customer at a restaurant in Pennsylvania left a hefty $3,000 tip on a $13.25 bill, much to the surprise of his server.
Eric Smith, an out-of-town customer, enjoyed a homemade stromboli at Alfredo's Cafe in Scranton, Pennsyslvania, on June 16. When it came time to pay for his meal, he was so impressed with it and his service that he wrote in a $3,000 tip for his server, Mariana Lambert.
"When the time came to pay his check, Lambert came into my office with tears in her eyes and shaking, stating a customer was leaving her a $3,000 tip on his $13.25 bill," said Matt Martini, a manager at Alfredo's, in a statement shared with CNN.
Another manager, Zachary Jacobson, was also at Alfredo's when Smith stopped by.
The restaurant serves customers from "all walks of life," Jacobson told CNN. Jacobson, who has worked at the family-owned restaurant for over a decade, told CNN that he was dropping in at the restaurant on his day off when Lambert received the generous tip.
He asked Smith about the inspiration behind his unexpected gesture.
"He said he was involved in cryptocurrency. He was just trying to give back to the community," said Jacobson. "He's originally from the area."
The restaurant had never received a tip this large, Jacobson says.
"I'm happy to see that people are giving back," he said. "It's a very hard industry to be involved in, especially during COVID."
The customer also wrote "Tips for Jesus" on his credit card receipt in a reference to a social media trend, Jacobson says. The phrase seems to be a reference to the Instagram account "tipsforjesus," which for several years has been operated by an anonymous user leaving large tips on restaurant bills.
Jacobson added that the huge tip "really helped out" Lambert, who has been working at the restaurant for around two years.
"It's good to know there's still good people out there," he said. "It helped her out a lot."
He hopes that the story helps customers remember "to be kind, and definitely be patient in our industry." | https://www.koat.com/article/a-pennsylvania-waitress-was-shocked-when-she-received-a-3-000-tip/40697977 | 2022-07-25T13:54:39Z | https://www.koat.com/article/a-pennsylvania-waitress-was-shocked-when-she-received-a-3-000-tip/40697977 | true |
LAS VEGAS, July 25, 2022 /PRNewswire/ -- CIRQUE DREAMS HOLIDAZE is set to dazzle in over 40 U.S. cities in 2022, with its acclaimed and whimsical holiday spectacular! As the nation's premiere family holiday tradition CIRQUE DREAMS HOLIDAZE will convey the magic of the holiday season through a Broadway-style production infused with contemporary circus arts. Tickets for most cities are now on sale. Visit https://cirquedreams.com for the most current information and to find a venue near you.
As lights dim and the music swells, audiences will have visions of sugarplums dancing in their heads as a fantastical cast of holiday storybook characters come to life. Broadway World exclaims, "Lose yourself for 90 minutes and go back to those wonderful dreams you had as a kid."
Featuring an ensemble of aerial circus acts, sleight-of-hand jugglers, fun-loving skippers, breath-catching acrobatics, and much more, the Dayton Daily News proclaims, "A new set of eyes should be added to my Christmas list…there's no way the stunts I witnessed onstage actually happened as most of them aren't humanly possible."
Imaginative and fun for the whole family, CIRQUE DREAMS HOLIDAZE features a world-renowned cast of performers accompanied by an original music score including new twists on seasonal favorites. Singers, dancers, penguins, toy soldiers, and reindeer invoke the dreams behind a child's eye on the most magical of nights. Amidst a backdrop of new sets, scenery, and storylines, this family-friendly production is sure to put a twinkle in your eye!
The Cirque Dreams franchise is a globally recognized entertainment brand that has produced shows for Broadway, theatre tours, casinos, theme parks, resorts, cruise lines and venues worldwide. Since 1993, over 50 million people have experienced a Cirque Dreams show garnering critical acclaim from USA Today, Associated Press, the New York Times and Today Show. Cirque Dreams is critically acclaimed for imagining, creating, and producing whimsical theatrical spectacles of traditional European circus arts infused with American contemporary circus wrapped in a Broadway-style musical.
Cirque Dreams is a Cirque du Soleil Entertainment Group Company. For more information, visit https://cirquedreams.com/
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SOURCE Cirque du Soleil | https://www.valleynewslive.com/prnewswire/2022/07/25/holiday-spectacular-cirque-dreams-holidaze-dazzle-over-40-us-cities-this-holiday-season/ | 2022-07-25T13:54:45Z | https://www.valleynewslive.com/prnewswire/2022/07/25/holiday-spectacular-cirque-dreams-holidaze-dazzle-over-40-us-cities-this-holiday-season/ | true |
GREENSBORO N.C., July 25, 2022 /PRNewswire/ -- Honda Aircraft Company today announced the addition of four new full-service Authorized Service Centers (ASC) in the United States and global regions, expanding the HondaJet service network to 21 locations worldwide.
The new service centers will further strengthen the customer support capabilities for the growing HondaJet fleet, now comprised of more than 219 aircraft in operation, which recently surpassed the 120,000-flight-hour mark in operation. The expansion includes two new centers in the U.S., increasing to 12 the number of Honda Factory and Authorized Service Centers in North America.
"We are pleased to partner with service providers who share Honda's commitment to customer satisfaction as our highest priority," said Honda Aircraft Company Head of Commercial Business Unit and VP of Customer Service, Amod Kelkar. "As the HondaJet fleet continues to grow, we are committed to ensuring that each of our customers around the globe receives the highest quality of service and support, with the supply of parts and factory-trained and certified service technicians available at each of the 21 locations."
New Authorized Service Centers for the HondaJet:
- Hillsboro Aviation, based at the Portland-Hillsboro Airport (KHIO) outside of Portland, Ore. is authorized for service in the Northwest region of the United States.
- Mather Aviation, LLC., located at Mather Airport (KMHR) outside of Sacramento, Calif., provides service in the region of Central and Northern California.
- Dviation Technics Sdn. Bhd., based in the state of Selangor, Malaysia, is the exclusive HondaJet Authorized Service Centre (ASC) for the Southeast Asia region. With this partnership, the HondaJet owners and operators in the region will have access to the full spectrum of technical support delivered by its new business unit: KarbonMRO.
- Signature TECHNICAir., based at Bournemouth Airport (EGHH) in Bournemouth, United Kingdom will provide HondaJet service for the UK and Western Europe. This addition doubles the Honda Authorized Service Centers in Europe.
In addition, Honda Aircraft Company maintains an outstanding level of service at its Factory Service Center, recently awarded by FAA with the "Diamond level AMT employer award," the highest level in the William (Bill) O'Brien Aviation Maintenance Technician Awards program, in recognition of the skill and professionalism of Honda Aircraft's maintenance technicians.
Since the first delivery of the HondaJet in 2015, Honda Aircraft Company has led the aviation industry with innovation and technology, while also maintaining an unparalleled focus on customer support. With constant efforts to improve customer satisfaction, the HondaJet sales and service footprint now spans North America, Europe, Latin America, Southeast Asia, China, the Middle East, India, and Japan.
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SOURCE Honda Aircraft Company | https://www.valleynewslive.com/prnewswire/2022/07/25/honda-aircraft-company-expands-customer-service-capability-hondajet-fleet-grows/ | 2022-07-25T13:54:52Z | https://www.valleynewslive.com/prnewswire/2022/07/25/honda-aircraft-company-expands-customer-service-capability-hondajet-fleet-grows/ | false |
Major off-price retailer and award-winning non-profit celebrate their 6th consecutive year of partnership with hopes of achieving a total of $10 million raised in support of teachers and their students
MINNEAPOLIS, July 25, 2022 /PRNewswire/ -- Burlington Stores, the major off-price retailer offering WOW deals on customers' favorite brands for the entire family and home, is once again partnering with the award-winning non-profit AdoptAClassroom.org to support teachers and students within their store communities across the country. Now through August 29, 2022, Burlington shoppers can donate to benefit AdoptAClassroom.org by rounding up their purchase at checkout at Burlington's more than 866 store locations nationwide.
Teachers spent an average of $750 on school supplies out of pocket during the 2020-2021 school year (source: AdoptAClassroom.org 2021 Teacher Spending Survey). Teacher spending has increased 25% since AdoptAClassroom.org first began surveying teachers in 2015. The cost of school supplies is rising with inflation, some items by nearly 60% (source: 2022 AdoptAClassroom.org Data on Inflation). Through Burlington's in-store fundraising campaign, the retailer is actively seeking to offset the amount teachers spend out of their own pockets on supplies for their classrooms.
"We continue to see the growing need for support of local teachers and students nationwide. Burlington is steadfast in its commitment to supporting teachers as they continue to navigate challenging times," said Michael O'Sullivan, CEO of Burlington Stores. "In working with our trusted partner AdoptAClassroom.org, we look forward to providing the funds needed for students to learn and reach their full potential this school year."
"Burlington has been an amazing partner these past six years. They really care about the communities where they operate and where their customers and associates live and work," said Ann Pifer, executive director, AdoptAClassroom.org. "Burlington knows when they support high needs schools with the tools and materials their students need to learn and succeed in school, they are building a better future for everyone."
Now through August 29, 2022, visit a Burlington store to donate. To find a store near you, visit Burlington.com. For more information on AdoptAClassroom.org, including recent survey results from thousands of teachers nationwide, visit AdoptAClassroom.org.
Burlington Stores, Inc., headquartered in New Jersey, is a nationally recognized off-price retailer with Fiscal 2021 net sales of $9.3 billion. The Company is a Fortune 500 company and its common stock is traded on the New York Stock Exchange under the ticker symbol "BURL." The Company operated 866 stores as of the end of the first quarter of Fiscal 2022, in 46 states and Puerto Rico, principally under the name Burlington Stores. At Burlington, customers will be amazed to find their favorite brands and the latest trends at a fantastic value with fresh, seasonal items arriving regularly. The Company delivers savings at up to 60% off other retailers' prices every day on a wide assortment of merchandise including everything for ladies, men, kids, baby, along with home décor. Shoppers are sure to discover amazing finds at wow prices in store every day. For more information about the Company, visit www.burlington.com
AdoptAClassroom.org believes every child deserves the tools and materials they need to learn and succeed in school. The national, tech-based nonprofit connects donors and sponsors with PreK-12 teachers and schools to help equip more classrooms and students with school supplies. Since 1998, AdoptAClassroom.org has raised $57 million and supported more than 5.8 million students across the U.S. The 501(c)(3) holds the highest 4-star rating from Charity Navigator and the highest transparency rating offered by GuideStar. For more information, or to make a donation, please visit www.adoptaclassroom.org.
Media Contacts:
Jenn Glassey
Tierney
215-292-4601
jglassey@tierneyagency.com
Carolyn Aberman
AdoptAClassroom.org
612-770-1085
caberman@adoptaclassroom.org
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SOURCE AdoptAClassroom.org | https://www.wkyt.com/prnewswire/2022/07/25/burlington-stores-continues-partnership-with-adoptaclassroomorg-raising-essential-funds-local-teachers-amp-students-nationwide/ | 2022-07-25T13:56:31Z | https://www.wkyt.com/prnewswire/2022/07/25/burlington-stores-continues-partnership-with-adoptaclassroomorg-raising-essential-funds-local-teachers-amp-students-nationwide/ | true |
AUSTIN, Texas (AP) — Jury selection is set for Monday in a trial that will determine for the first time how much Infowars host Alex Jones must pay Sandy Hook Elementary School parents for falsely telling his audience that the deadliest classroom shooting in U.S. history was a hoax.
The trial in Austin, Texas — where the conspiracy theorist lives and broadcasts his show — follows months of delays. Jones has racked up fines for ignoring court orders and he put Infowars into bankruptcy protection just before the trial was originally set to start in April.
At stake for Jones is another potentially major financial blow that could put his constellation of conspiracy peddling businesses into deeper jeopardy. He has already been banned from YouTube, Facebook and Spotify over violating hate-speech policies.
The trial involving the parents of two Sandy Hook families is only the start for Jones; damages have yet to be awarded in separate defamation cases for other families of the 2012 massacre in Newtown, Connecticut.
The lawsuits do not ask jurors to award a specific dollar amount against Jones.
Courts in Texas and Connecticut have already found Jones liable for defamation for his portrayal of the Sandy Hook massacre as a hoax involving actors aimed at increasing gun control. In both states, judges have issued default judgements against Jones without trials because he failed to respond to court orders and turn over documents.
The 2012 shooting killed 20 first graders and six educators. Families of eight of the victims and an FBI agent who responded to the school are suing Jones and his company, Free Speech Systems.
Jones has since acknowledged that the shooting took place. During a deposition in April, Jones insisted he wasn’t responsible for the suffering that Sandy Hook parents say they have endured because of the hoax conspiracy, including death threats and harassment by Jones’ followers.
“No, I don’t (accept) responsibility because I wasn’t trying to cause pain and suffering,” Jones said, according to the transcripts made public this month. He continued: “They are being used and their children who can’t be brought back (are) being used to destroy the First Amendment.”
Jones claimed in court records last year that he had a negative net worth of $20 million, but attorneys for Sandy Hook families have painted a different financial picture.
Court records show that Jones’ Infowars store, which sells nutritional supplements and survival gear, made more than $165 million between 2015 and 2018. Jones has also urged listeners on his Infowars program to donate money.
___
Associated Press reporter Paul J. Weber contributed to this report. | https://www.ctpublic.org/news/2022-07-25/alex-jones-defamation-trial-finally-set-to-begin-in-texas | 2022-07-25T13:56:42Z | https://www.ctpublic.org/news/2022-07-25/alex-jones-defamation-trial-finally-set-to-begin-in-texas | true |
It’s the battle for Juan Soto.
He’s the piece that would change any team’s season if they had the luxury of acquiring the Home Run Derby Champion. The New York Yankees and the New York Mets have both expressed interest of being that team.
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The slugger rejected a 15-year, $440 million contract from the Washington Nationals, making him a desirable trade target as the Aug. 2 deadline approaches.
So who is most likely to be the landing spot for the 23-year-old Soto?
MLB.com polled 17 front office executives, asking which three teams they view as the favorites to trade for Soto.
Here are the results, per MLB.com:
Padres 8
Dodgers 7
Mariners 3
Mets 3
Rays 3
Yankees 3
Giants 2
Three execs tabbed the Yankees as favorites to trade for Soto, which would give New York another huge weapon for this year’s stretch run -- not to mention a fallback plan in the event that Aaron Judge departs as a free agent this winter. And if the Yankees are able to sign Judge to a long-term deal, they would have Judge, Soto and Giancarlo Stanton locked in for 2023 and 2024.
“With two years of full control, the move could be massive,” an AL executive said. “If it’s the Yankees, they could rent [Soto] for two years and re-sign Judge and be pretty fearsome. Not sure they have the system to do it or enough young Major League talent to entice [the Nationals], but that would be a tremendous landing spot.”
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The New York teams are competing with many other clubs, and the price they would have to pay for Soto would be a hefty one. According to The New York Post’s Jon Heyman, the Yankees may be willing to pay it.
Per Heyman:
“The Yankees, of course, have checked in with the Nationals about Soto, but so far there’s no word any names have been exchanged. … The Yankees should be able to do this deal, if they are willing to give up most of their very top prospects. Early word was that they don’t want to surrender all three of Anthony Volpe, Oswald Peraza and Jasson Dominguez, plus more, but maybe they need to be less judicious in this one case. They are said to be willing to take on a “bad” Nationals contract if the prospects are right, and that could swing a deal their way.”
MORE MLB:
- Mets acquire power hitter from Pirates, MLB insider says
- MLB rumors: Yankees move ahead of Mets in ‘pursuit’ of Nationals’ Juan Soto
- All-Star outfielder drawing interest from multiple AL East teams, according to MLB insider
Thank you for relying on us to provide the journalism you can trust. Please consider supporting us with a subscription.
Bridget Hyland may be reached at bhyland@njadvancemedia.com. | https://www.nj.com/yankees/2022/07/mlb-execs-rank-nl-west-contenders-ahead-of-yankees-mets-in-nationals-juan-soto-trade-talks.html | 2022-07-25T13:58:31Z | https://www.nj.com/yankees/2022/07/mlb-execs-rank-nl-west-contenders-ahead-of-yankees-mets-in-nationals-juan-soto-trade-talks.html | false |
The NFL is making its move into offering its own media streaming platform.
The league announced that “NFL+” launched on Monday. Owners were briefed about it during the league meetings in May, while Brian Rolapp, the NFL's chief media and business officer, confirmed in a column for “Sports Illustrated” last week that it would be starting this season.
Commissioner Roger Goodell said in a phone interview with The Associated Press that the direct-to-consumer offering gives the league the ability to understand what fans and non-fans are seeking in terms of content and customize it for them.
“We think this is a major step forward. It will evolve, build and get better as more and more content becomes available on this platform. The work that we’ve done either with other offerings or research has helped us sort of frame this in a way that we think would be very attractive and engage our fans.”
The launch of “NFL+” comes as 15 games on Thursday night will be carried exclusively on Amazon Prime Video. The “Sunday Ticket” package of out-of-market Sunday games currently will expire at the end of this season. Amazon, Apple and Google have emerged as the frontrunners to take over the rights that DirecTV has held since 1994.
“NFL+” will allow fans to view out-of-market preseason games on all devices; local and national regular-season and postseason games on mobile devices; team and national radio feeds, NFL Network shows on-demand along with the NFL Films archive. It could also include content produced by teams. It will be able to be accessed through the NFL app and website.
It is an upgrade of the “Game Pass” service that has been available to fans in the United States since 2015. The league began offering a package in which fans could watch replays of games online — appropriately called “Game Rewind” — in 2009. It started to gain favor among fans and analysts in 2012 when it added coaches film, including two angles where all 22 players on the field could be viewed.
The league has also offered out-of-market preseason games either through a separate package or “Game Pass” in previous seasons.
The key to the package is the live regular-season and playoff games. The league regained the mobile rights after its contracts with mobile carriers expired at the end of last season.
“NFL+” will be available for $4.99/month or $39.99/year. A premium package — which includes full and condensed game replays as well as the coaches film — is $9.99/month or $79.99/year. The “Game Pass” package was previously available for $100/year. “NFL+” will part of fans who purchase season tickets for their teams.
“We've had our toe in the water with ‘Game Pass,’ but this is our next step forward,” said Hans Schroeder, the executive vice president of NFL Media. “We think this will be attractive for fans and sort of bring down the price point for fans on a monthly basis. There is an eye on future content down the road. We're excited to see where this can go this year and beyond.”
Goodell said recently the league is hoping to make a decision about “Sunday Ticket” and possibly selling an equity stake in NFL Media properties by the end of the year.
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More AP NFL: https://apnews.com/hub/nfl and https://twitter.com/AP_NFL | https://www.ourmidland.com/entertainment/article/NFL-enters-media-streaming-marketplace-with-17326833.php | 2022-07-25T13:59:32Z | https://www.ourmidland.com/entertainment/article/NFL-enters-media-streaming-marketplace-with-17326833.php | true |
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