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TX Midland/Odessa TX Zone Forecast for Tuesday, July 26, 2022
_____
895 FPUS54 KMAF 270817
ZFPMAF
Zone Forecast Product for Texas
National Weather Service Midland/Odessa TX
317 AM CDT Wed Jul 27 2022
Zone forecast text represents an average of conditions over an
entire zone. For point-specific forecasts, please refer to the
Point Forecast Matrices product, issued by the National Weather
Service Office in Midland/Odessa, WMO header FOUS54 KMAF.
TXZ061-062-272145-
Ector-Midland-
Including the cities of Odessa and Midland
317 AM CDT Wed Jul 27 2022
.TODAY...Sunny, hot with highs around 100. South winds 10 to
20 mph.
.TONIGHT...Mostly clear. Lows in the mid 70s. South winds 15 to
20 mph.
.THURSDAY...Sunny. Highs in the upper 90s. South winds 10 to
15 mph with gusts up to 25 mph.
.THURSDAY NIGHT...Mostly clear. Lows in the mid 70s. South winds
10 to 20 mph.
.FRIDAY...Sunny. Highs in the mid 90s. South winds 10 to 15 mph
with gusts up to 25 mph.
.FRIDAY NIGHT...Partly cloudy. A slight chance of showers and
thunderstorms in the evening. Lows in the mid 70s. Chance of rain
20 percent.
.SATURDAY...Sunny. Highs in the mid 90s.
.SATURDAY NIGHT...Mostly clear. Lows in the mid 70s.
.SUNDAY...Sunny. Highs in the upper 90s.
.SUNDAY NIGHT...Mostly clear. Lows in the mid 70s.
.MONDAY...Sunny. Highs in the upper 90s.
.MONDAY NIGHT...Mostly clear. Lows in the mid 70s.
.TUESDAY...Sunny. Highs in the upper 90s.
$$
TXZ045-046-050-051-272145-
Gaines-Dawson-Andrews-Martin-
Including the cities of Seminole, Lamesa, Andrews, and Stanton
317 AM CDT Wed Jul 27 2022
.TODAY...Sunny, hot with highs around 100. South winds 10 to
15 mph.
.TONIGHT...Mostly clear. Lows in the lower 70s. South winds 10 to
15 mph with gusts up to 25 mph.
.THURSDAY...Sunny. Highs in the upper 90s. South winds 10 to
15 mph with gusts up to 25 mph.
.THURSDAY NIGHT...Mostly clear. Lows in the lower 70s. South
winds 10 to 15 mph with gusts up to 25 mph.
.FRIDAY...Sunny in the morning, then partly cloudy with a slight
chance of showers and thunderstorms in the afternoon. Highs in
the mid 90s. South winds 10 to 15 mph with gusts up to 25 mph.
Chance of rain 20 percent.
.FRIDAY NIGHT...Partly cloudy with a slight chance of showers and
thunderstorms. Lows in the lower 70s. Chance of rain 20 percent.
.SATURDAY...Sunny in the morning, then partly cloudy with a
slight chance of showers and thunderstorms in the afternoon.
Highs in the mid 90s. Chance of rain 20 percent.
.SATURDAY NIGHT...Partly cloudy. Lows in the lower 70s.
.SUNDAY...Sunny. Highs in the upper 90s.
.SUNDAY NIGHT...Mostly clear. Lows in the lower 70s.
.MONDAY...Sunny. Highs in the upper 90s.
.MONDAY NIGHT...Mostly clear. Lows in the lower 70s.
.TUESDAY...Sunny. Highs in the upper 90s.
$$
TXZ047-048-052-053-272145-
Borden-Scurry-Howard-Mitchell-
Including the cities of Gail, Snyder, Big Spring,
and Colorado City
317 AM CDT Wed Jul 27 2022
.TODAY...Sunny, hot with highs around 102. South winds 10 to
15 mph with gusts up to 25 mph.
.TONIGHT...Mostly clear. Lows in the mid 70s. South winds 10 to
15 mph.
.THURSDAY...Sunny. Highs in the upper 90s. South winds 10 to
15 mph.
.THURSDAY NIGHT...Mostly clear. Lows in the mid 70s. South winds
10 to 15 mph.
.FRIDAY...Sunny in the morning, then partly cloudy with a slight
chance of showers and thunderstorms in the afternoon. Highs in
the upper 90s. South winds 10 to 15 mph. Chance of rain
20 percent.
.FRIDAY NIGHT...Partly cloudy. A slight chance of showers and
thunderstorms in the evening. Lows in the mid 70s. Chance of rain
20 percent.
.SATURDAY...Mostly sunny. Highs in the upper 90s.
.SATURDAY NIGHT...Partly cloudy. Lows in the mid 70s.
.SUNDAY...Sunny, hot with highs around 100.
.SUNDAY NIGHT...Mostly clear. Lows in the mid 70s.
.MONDAY...Sunny. Highs in the upper 90s.
.MONDAY NIGHT...Mostly clear. Lows in the mid 70s.
.TUESDAY...Sunny. Highs in the upper 90s.
$$
NMZ033-034-272145-
Central Lea County-Southern Lea County-
Including the cities of Hobbs, Lovington, Eunice, and Jal
217 AM MDT Wed Jul 27 2022
.TODAY...Sunny. Highs in the upper 90s. Southeast winds 10 to
15 mph.
.TONIGHT...Mostly clear. Lows in the lower 70s. Southeast winds
10 to 15 mph with gusts up to 25 mph.
.THURSDAY...Sunny. Highs in the mid 90s. Southeast winds 10 to
15 mph.
.THURSDAY NIGHT...Partly cloudy. A slight chance of showers and
thunderstorms in the evening. Lows in the lower 70s. Southeast
winds 10 to 20 mph. Chance of rain 20 percent.
.FRIDAY...Sunny in the morning, then partly cloudy with a slight
chance of showers and thunderstorms in the afternoon. Highs in
the mid 90s. Southeast winds 10 to 20 mph. Chance of rain
20 percent.
.FRIDAY NIGHT...Partly cloudy with a slight chance of showers and
thunderstorms. Lows in the lower 70s. Chance of rain 20 percent.
.SATURDAY...Sunny in the morning, then partly cloudy with a
slight chance of showers and thunderstorms in the afternoon.
Highs in the mid 90s. Chance of rain 20 percent.
.SATURDAY NIGHT...Partly cloudy. A slight chance of showers and
thunderstorms in the evening. Lows in the lower 70s. Chance of
rain 20 percent.
.SUNDAY...Mostly sunny. A slight chance of showers and
thunderstorms in the afternoon. Highs in the mid 90s. Chance of
rain 20 percent.
.SUNDAY NIGHT...Partly cloudy. A slight chance of showers and
thunderstorms in the evening. Lows in the lower 70s. Chance of
rain 20 percent.
.MONDAY...Mostly sunny. Highs in the mid 90s.
.MONDAY NIGHT...Partly cloudy. Lows in the lower 70s.
.TUESDAY...Sunny. Highs in the mid 90s.
$$
TXZ270-272145-
Guadalupe Mountains Above 7000 Feet-
Including the city of Guadalupe Mountains NP
217 AM MDT Wed Jul 27 2022
.TODAY...Mostly sunny this morning, then mostly cloudy with a
slight chance of showers and thunderstorms this afternoon. Highs
in the upper 70s. Northwest winds 5 to 10 mph, becoming south
10 to 15 mph this afternoon. Chance of rain 20 percent.
.TONIGHT...Mostly cloudy with a slight chance of showers and
thunderstorms in the evening, then partly cloudy after midnight.
Lows in the lower 60s. Southwest winds 10 to 15 mph, becoming
southeast after midnight. Chance of rain 20 percent.
.THURSDAY...Mostly sunny. Highs in the upper 70s. Northwest winds
5 to 10 mph, becoming east 10 to 15 mph in the afternoon.
.THURSDAY NIGHT...Partly cloudy with a slight chance of showers
and thunderstorms. Lows in the lower 60s. Southeast winds 10 to
20 mph. Chance of rain 20 percent.
.FRIDAY...Partly cloudy. A chance of showers and thunderstorms in
the afternoon. Highs in the mid 70s. Southeast winds 10 to 15
mph. Chance of rain 30 percent.
.FRIDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms, mainly in the evening. Lows in the lower 60s.
Chance of rain 30 percent.
.SATURDAY...Sunny in the morning, then partly cloudy with a
slight chance of showers and thunderstorms in the afternoon.
Highs in the mid 70s. Chance of rain 20 percent.
.SATURDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms, mainly in the evening. Lows in the lower 60s.
Chance of rain 30 percent.
.SUNDAY...Mostly sunny. A slight chance of showers and
thunderstorms in the afternoon. Highs in the mid 70s. Chance of
rain 20 percent.
.SUNDAY NIGHT...Partly cloudy. A slight chance of showers and
thunderstorms in the evening. Lows in the lower 60s. Chance of
rain 20 percent.
.MONDAY...Mostly sunny. A slight chance of showers and
thunderstorms in the afternoon. Highs in the upper 70s. Chance of
rain 20 percent.
.MONDAY NIGHT...Partly cloudy. Lows in the lower 60s.
.TUESDAY...Mostly sunny. Highs in the upper 70s.
$$
TXZ271-272145-
Guadalupe and Delaware Mountains-
Including the cities of Guadalupe Mountains NP and Pine Springs
317 AM CDT Wed Jul 27 2022 /217 AM MDT Wed Jul 27 2022/
.TODAY...Partly cloudy. A slight chance of showers and
thunderstorms this afternoon. Highs in the upper 80s. Southwest
winds 10 to 20 mph. Chance of rain 20 percent.
.TONIGHT...Mostly cloudy with a slight chance of showers and
thunderstorms in the evening, then partly cloudy after midnight.
Lows in the upper 60s. West winds 10 to 20 mph. Chance of rain
20 percent.
.THURSDAY...Mostly sunny. Highs in the upper 80s. Southwest winds
10 to 15 mph, becoming east in the afternoon.
.THURSDAY NIGHT...Partly cloudy with a slight chance of showers
and thunderstorms. Lows in the upper 60s. Southeast winds 10 to
20 mph. Chance of rain 20 percent.
.FRIDAY...Partly cloudy. A chance of showers and thunderstorms in
the afternoon. Highs in the upper 80s. Southeast winds 10 to 20
mph. Chance of rain 30 percent.
.FRIDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms, mainly in the evening. Breezy with lows in the
upper 60s. Chance of rain 30 percent.
.SATURDAY...Sunny in the morning, then partly cloudy with a
slight chance of showers and thunderstorms in the afternoon.
Highs in the mid 80s. Chance of rain 20 percent.
.SATURDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms, mainly in the evening. Lows in the upper 60s.
Chance of rain 30 percent.
.SUNDAY...Mostly sunny. A slight chance of showers and
thunderstorms in the afternoon. Highs in the upper 80s. Chance of
rain 20 percent.
.SUNDAY NIGHT...Partly cloudy. A slight chance of showers and
thunderstorms in the evening. Lows in the upper 60s. Chance of
rain 20 percent.
.MONDAY...Mostly sunny. A slight chance of showers and
thunderstorms in the afternoon. Highs in the upper 80s. Chance of
rain 20 percent.
.MONDAY NIGHT...Partly cloudy. Lows in the upper 60s.
.TUESDAY...Mostly sunny. Highs in the upper 80s.
$$
TXZ272-272145-
Van Horn and Highway 54 Corridor-
Including the city of Van Horn
317 AM CDT Wed Jul 27 2022
.TODAY...Partly cloudy. A chance of showers and thunderstorms
this afternoon. Highs in the lower 90s. Southwest winds 10 to
20 mph. Chance of rain 30 percent.
.TONIGHT...Mostly cloudy with a chance of showers and
thunderstorms in the evening, then partly cloudy after midnight.
Lows around 70. Northwest winds 10 to 15 mph, becoming south
after midnight. Chance of rain 30 percent.
.THURSDAY...Mostly sunny. A slight chance of showers and
thunderstorms in the afternoon. Highs in the lower 90s. South
winds 10 to 15 mph, becoming southeast in the afternoon. Chance
of rain 20 percent.
.THURSDAY NIGHT...Partly cloudy with a slight chance of showers
and thunderstorms. Lows in the lower 70s. Southeast winds 10 to
20 mph. Chance of rain 20 percent.
.FRIDAY...Partly cloudy. A chance of showers and thunderstorms in
the afternoon. Highs in the lower 90s. Southeast winds 10 to 15
mph. Chance of rain 30 percent.
.FRIDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms, mainly in the evening. Lows around 70. Chance of
rain 30 percent.
.SATURDAY...Sunny in the morning, then partly cloudy with a
slight chance of showers and thunderstorms in the afternoon.
Highs in the lower 90s. Chance of rain 20 percent.
.SATURDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms, mainly in the evening. Lows around 70. Chance of
rain 30 percent.
.SUNDAY...Mostly sunny. A slight chance of showers and
thunderstorms in the afternoon. Highs in the lower 90s. Chance of
rain 20 percent.
.SUNDAY NIGHT...Partly cloudy. A slight chance of showers and
thunderstorms in the evening. Lows around 70. Chance of rain
20 percent.
.MONDAY...Sunny in the morning, then partly cloudy with a slight
chance of showers and thunderstorms in the afternoon. Highs in
the lower 90s. Chance of rain 20 percent.
.MONDAY NIGHT...Partly cloudy. Lows around 70.
.TUESDAY...Sunny. Highs in the mid 90s.
$$
TXZ273-272145-
Eastern Culberson County-
317 AM CDT Wed Jul 27 2022
.TODAY...Partly cloudy. A slight chance of showers and
thunderstorms this afternoon. Highs in the mid 90s. West winds
10 to 15 mph, becoming south this afternoon. Chance of rain
20 percent.
.TONIGHT...Partly cloudy. A slight chance of showers and
thunderstorms in the evening. Lows in the lower 70s. South winds
10 to 15 mph with gusts up to 25 mph. Chance of rain 20 percent.
.THURSDAY...Sunny. Highs in the mid 90s. Southwest winds 10 to
15 mph, becoming east in the afternoon.
.THURSDAY NIGHT...Partly cloudy with a slight chance of showers
and thunderstorms. Lows in the lower 70s. Southeast winds 15 to
20 mph. Chance of rain 20 percent.
.FRIDAY...Sunny in the morning, then partly cloudy with a slight
chance of showers and thunderstorms in the afternoon. Highs in
the lower 90s. Southeast winds 10 to 15 mph with gusts up to
25 mph. Chance of rain 20 percent.
.FRIDAY NIGHT...Partly cloudy with a slight chance of showers and
thunderstorms. Lows in the lower 70s. Chance of rain 20 percent.
.SATURDAY...Sunny in the morning, then partly cloudy with a
slight chance of showers and thunderstorms in the afternoon.
Highs in the lower 90s. Chance of rain 20 percent.
.SATURDAY NIGHT...Partly cloudy with a slight chance of showers
and thunderstorms. Lows in the lower 70s. Chance of rain
20 percent.
.SUNDAY...Mostly sunny. A slight chance of showers and
thunderstorms in the afternoon. Highs in the mid 90s. Chance of
rain 20 percent.
.SUNDAY NIGHT...Partly cloudy. A slight chance of showers and
thunderstorms in the evening. Lows in the lower 70s. Chance of
rain 20 percent.
.MONDAY...Sunny in the morning, then partly cloudy with a slight
chance of showers and thunderstorms in the afternoon. Highs in
the mid 90s. Chance of rain 20 percent.
.MONDAY NIGHT...Partly cloudy. Lows in the lower 70s.
.TUESDAY...Sunny. Highs in the mid 90s.
$$
TXZ274-272145-
Reeves County Plains-
Including the city of Pecos
317 AM CDT Wed Jul 27 2022
.TODAY...Mostly sunny. A slight chance of showers and
thunderstorms this afternoon. Hot with highs around 100.
Southwest winds 5 to 10 mph, becoming east 10 to 15 mph this
afternoon. Chance of rain 20 percent.
.TONIGHT...Partly cloudy. Lows in the mid 70s. Southeast winds
10 to 20 mph.
.THURSDAY...Sunny. Highs in the upper 90s. Southeast winds 10 to
15 mph.
.THURSDAY NIGHT...Mostly clear. Lows in the mid 70s. Southeast
winds 10 to 20 mph.
.FRIDAY...Partly cloudy. A slight chance of showers and
thunderstorms in the afternoon. Highs in the upper 90s. Southeast
winds 10 to 15 mph with gusts up to 25 mph. Chance of rain 20
percent.
.FRIDAY NIGHT...Partly cloudy. A slight chance of showers and
thunderstorms in the evening. Lows in the mid 70s. Chance of rain
20 percent.
.SATURDAY...Sunny in the morning, then partly cloudy with a
slight chance of showers and thunderstorms in the afternoon.
Highs in the upper 90s. Chance of rain 20 percent.
.SATURDAY NIGHT...Partly cloudy. A slight chance of showers and
thunderstorms in the evening. Lows in the mid 70s. Chance of rain
20 percent.
.SUNDAY...Mostly sunny. Highs in the upper 90s.
.SUNDAY NIGHT...Mostly clear. Lows in the lower 70s.
.MONDAY...Sunny. Highs in the upper 90s.
.MONDAY NIGHT...Mostly clear. Lows in the lower 70s.
.TUESDAY...Sunny. Highs in the upper 90s.
$$
TXZ075-272145-
Pecos-
Including the city of Fort Stockton
317 AM CDT Wed Jul 27 2022
.TODAY...Sunny. Highs in the upper 90s. Southeast winds 10 to
20 mph. Gusts up to 30 mph this morning.
.TONIGHT...Mostly clear. Lows in the lower to mid 70s. Southeast
winds 10 to 20 mph with gusts up to 30 mph.
.THURSDAY...Sunny. Highs in the mid 90s. Southeast winds 10 to
15 mph with gusts up to 25 mph.
.THURSDAY NIGHT...Mostly clear. Lows in the lower to mid 70s.
Southeast winds 10 to 20 mph with gusts up to 30 mph.
.FRIDAY...Partly cloudy. A slight chance of showers and
thunderstorms in the afternoon. Highs in the mid 90s. Southeast
winds 10 to 20 mph. Chance of rain 20 percent.
.FRIDAY NIGHT...Partly cloudy. Lows in the lower 70s.
.SATURDAY...Partly cloudy. A slight chance of showers and
thunderstorms in the afternoon. Highs in the mid 90s. Chance of
rain 20 percent.
.SATURDAY NIGHT...Mostly clear. Lows in the lower 70s.
.SUNDAY...Sunny. Highs in the mid 90s.
.SUNDAY NIGHT...Mostly clear. Lows in the lower 70s.
.MONDAY...Sunny. Highs in the mid 90s.
.MONDAY NIGHT...Mostly clear. Lows in the lower 70s.
.TUESDAY...Sunny. Highs in the upper 90s.
$$
TXZ082-272145-
Terrell-
Including the cities of Dryden and Sanderson
317 AM CDT Wed Jul 27 2022
.TODAY...Sunny. Highs in the upper 90s. Southeast winds 10 to
20 mph.
.TONIGHT...Mostly clear. Lows in the mid 70s. Southeast winds
10 to 20 mph.
.THURSDAY...Sunny. Highs in the upper 90s. Southeast winds 10 to
15 mph with gusts up to 25 mph.
.THURSDAY NIGHT...Mostly clear. Lows in the mid 70s. Southeast
winds 10 to 20 mph with gusts up to 30 mph.
.FRIDAY...Sunny with highs in the upper 90s. Southeast winds
10 to 20 mph.
.FRIDAY NIGHT...Mostly clear. Lows in the mid 70s.
.SATURDAY...Sunny. Highs in the upper 90s.
.SATURDAY NIGHT...Mostly clear. Lows in the mid 70s.
.SUNDAY...Sunny. Highs in the upper 90s.
.SUNDAY NIGHT...Mostly clear. Lows in the mid 70s.
.MONDAY...Sunny. Highs in the upper 90s.
.MONDAY NIGHT...Mostly clear. Lows in the mid 70s.
.TUESDAY...Sunny. Highs in the upper 90s.
$$
TXZ278-272145-
Davis Mountains Foothills-
Including the city of Alpine
317 AM CDT Wed Jul 27 2022
.TODAY...Partly cloudy. A slight chance of showers and
thunderstorms this afternoon. Highs in the lower 90s. Southwest
winds 10 to 15 mph, becoming southeast this afternoon. Chance of
rain 20 percent.
.TONIGHT...Partly cloudy. A slight chance of showers and
thunderstorms in the evening. Lows around 70. South winds 10 to
20 mph with gusts up to 30 mph. Chance of rain 20 percent.
.THURSDAY...Sunny. Highs in the lower 90s. Southwest winds 10 to
15 mph, becoming east in the afternoon.
.THURSDAY NIGHT...Partly cloudy. A slight chance of showers and
thunderstorms in the evening. Lows around 70. Southeast winds
10 to 20 mph with gusts up to 30 mph. Chance of rain 20 percent.
.FRIDAY...Sunny in the morning, then partly cloudy with a chance
of showers and thunderstorms in the afternoon. Highs around 90.
Southeast winds 10 to 15 mph. Chance of rain 30 percent.
.FRIDAY NIGHT...Partly cloudy with a slight chance of showers and
thunderstorms. Lows in the upper 60s. Chance of rain 20 percent.
.SATURDAY...Sunny in the morning, then partly cloudy with a
slight chance of showers and thunderstorms in the afternoon.
Highs around 90. Chance of rain 20 percent.
.SATURDAY NIGHT...Partly cloudy. A slight chance of showers and
thunderstorms in the evening. Lows around 70. Chance of rain
20 percent.
.SUNDAY...Mostly sunny. A slight chance of showers and
thunderstorms in the afternoon. Highs in the lower 90s. Chance of
rain 20 percent.
.SUNDAY NIGHT...Mostly clear. Lows in the upper 60s.
.MONDAY...Sunny. Highs in the lower 90s.
.MONDAY NIGHT...Mostly clear. Lows in the upper 60s.
.TUESDAY...Sunny. Highs in the lower 90s.
$$
TXZ277-272145-
Davis Mountains-
Including the city of Fort Davis
317 AM CDT Wed Jul 27 2022
.TODAY...Partly cloudy. A chance of showers and thunderstorms
this afternoon. Highs in the upper 80s. Southwest winds 10 to
15 mph, becoming southeast this afternoon. Chance of rain
30 percent.
.TONIGHT...Partly cloudy. A slight chance of showers and
thunderstorms in the evening. Lows in the mid 60s. Southeast
winds 10 to 20 mph with gusts up to 30 mph. Chance of rain
20 percent.
.THURSDAY...Mostly sunny. Highs in the upper 80s. South winds
10 to 15 mph, becoming southeast in the afternoon.
.THURSDAY NIGHT...Partly cloudy. A slight chance of showers and
thunderstorms in the evening. Lows in the mid 60s. Southeast
winds 10 to 20 mph with gusts up to 30 mph. Chance of rain
20 percent.
.FRIDAY...Sunny in the morning, then partly cloudy with a chance
of showers and thunderstorms in the afternoon. Highs in the mid
80s. Southeast winds 10 to 15 mph with gusts up to 25 mph. Chance
of rain 30 percent.
.FRIDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms, mainly in the evening. Lows in the mid 60s. Chance
of rain 30 percent.
.SATURDAY...Sunny in the morning, then partly cloudy with a
chance of showers and thunderstorms in the afternoon. Highs in
the upper 80s. Chance of rain 30 percent.
.SATURDAY NIGHT...Partly cloudy. A slight chance of showers and
thunderstorms in the evening. Lows in the mid 60s. Chance of rain
20 percent.
.SUNDAY...Sunny in the morning, then partly cloudy with a slight
chance of showers and thunderstorms in the afternoon. Highs in
the upper 80s. Chance of rain 20 percent.
.SUNDAY NIGHT...Mostly clear. Lows in the mid 60s.
.MONDAY...Sunny. Highs in the upper 80s.
.MONDAY NIGHT...Mostly clear. Lows in the mid 60s.
.TUESDAY...Partly cloudy. A slight chance of showers and
thunderstorms in the afternoon. Highs in the upper 80s. Chance of
rain 20 percent.
$$
TXZ276-272145-
Marfa Plateau-
Including the city of Marfa
317 AM CDT Wed Jul 27 2022
.TODAY...Partly cloudy. A chance of showers and thunderstorms
this afternoon. Highs in the lower 90s. Southwest winds 5 to
10 mph, becoming southeast 10 to 15 mph this afternoon. Chance of
rain 30 percent.
.TONIGHT...Partly cloudy. A chance of showers and thunderstorms
in the evening. Lows in the 60s. Southeast winds 10 to 15 mph
with gusts up to 25 mph. Chance of rain 30 percent.
.THURSDAY...Mostly sunny. A slight chance of showers and
thunderstorms in the afternoon. Highs in the lower 90s. Southeast
winds 10 to 15 mph. Chance of rain 20 percent.
.THURSDAY NIGHT...Partly cloudy with a slight chance of showers
and thunderstorms. Lows in the 60s. Southeast winds 10 to 15 mph
with gusts up to 30 mph. Chance of rain 20 percent.
.FRIDAY...Sunny in the morning, then partly cloudy with a chance
of showers and thunderstorms in the afternoon. Highs in the lower
90s. Southeast winds 10 to 15 mph. Chance of rain 30 percent.
.FRIDAY NIGHT...Mostly cloudy with a chance of showers and
thunderstorms in the evening, then partly cloudy with a slight
chance of showers and thunderstorms after midnight. Lows in the
upper 60s. Chance of rain 30 percent.
.SATURDAY...Sunny in the morning, then partly cloudy with a
slight chance of showers and thunderstorms in the afternoon.
Highs in the lower 90s. Chance of rain 20 percent.
.SATURDAY NIGHT...Partly cloudy. A slight chance of showers and
thunderstorms in the evening. Lows in the upper 60s. Chance of
rain 20 percent.
.SUNDAY...Mostly sunny. A slight chance of showers and
thunderstorms in the afternoon. Highs in the lower 90s. Chance of
rain 20 percent.
.SUNDAY NIGHT...Mostly clear. Lows in the upper 60s.
.MONDAY...Sunny. Highs in the lower 90s.
.MONDAY NIGHT...Mostly clear. Lows in the upper 60s.
.TUESDAY...Sunny. Highs in the lower 90s.
$$
TXZ275-272145-
Chinati Mountains-
317 AM CDT Wed Jul 27 2022
.TODAY...Partly cloudy. A chance of showers and thunderstorms
this afternoon. Highs in the upper 80s. West winds 10 to 15 mph,
becoming south this afternoon. Chance of rain 30 percent.
.TONIGHT...Mostly cloudy with a chance of showers and
thunderstorms in the evening, then partly cloudy after midnight.
Lows in the mid 60s. Southeast winds 10 to 20 mph. Chance of rain
30 percent.
.THURSDAY...Mostly sunny. A slight chance of showers and
thunderstorms in the afternoon. Highs in the upper 80s. Southeast
winds 10 to 15 mph. Chance of rain 20 percent.
.THURSDAY NIGHT...Partly cloudy with a slight chance of showers
and thunderstorms. Lows in the mid 60s. Southeast winds 10 to
20 mph with gusts up to 30 mph. Chance of rain 20 percent.
.FRIDAY...Sunny in the morning, then partly cloudy with a chance
of showers and thunderstorms in the afternoon. Highs in the upper
80s. Southeast winds 10 to 15 mph. Chance of rain 30 percent.
.FRIDAY NIGHT...Mostly cloudy with a chance of showers and
thunderstorms in the evening, then partly cloudy with a slight
chance of showers and thunderstorms after midnight. Lows in the
mid 60s. Chance of rain 30 percent.
.SATURDAY...Sunny in the morning, then partly cloudy with a
slight chance of showers and thunderstorms in the afternoon.
Highs in the upper 80s. Chance of rain 20 percent.
.SATURDAY NIGHT...Partly cloudy. A slight chance of showers and
thunderstorms in the evening. Lows in the mid 60s. Chance of rain
20 percent.
.SUNDAY...Mostly sunny. Highs in the upper 80s.
.SUNDAY NIGHT...Partly cloudy. Lows in the mid 60s.
.MONDAY...Sunny. Highs in the upper 80s.
.MONDAY NIGHT...Mostly clear. Lows in the mid 60s.
.TUESDAY...Sunny. Highs around 90.
$$
TXZ279-272145-
Central Brewster County-
Including the cities of Big Bend NP, Panther Junction,
and Marathon
317 AM CDT Wed Jul 27 2022
.TODAY...Mostly sunny. A slight chance of showers and
thunderstorms this afternoon. Highs in the mid 90s. Southeast
winds 10 to 15 mph. Chance of rain 20 percent.
.TONIGHT...Mostly clear. Lows in the lower 70s. Southeast winds
15 to 20 mph with gusts up to 30 mph.
.THURSDAY...Sunny. Highs in the lower 90s. Southeast winds 10 to
15 mph.
.THURSDAY NIGHT...Partly cloudy. Lows in the lower 70s. Southeast
winds 10 to 20 mph with gusts up to 30 mph.
.FRIDAY...Sunny in the morning, then partly cloudy with a slight
chance of showers and thunderstorms in the afternoon. Highs in
the lower 90s. Southeast winds 10 to 15 mph with gusts up to
25 mph. Chance of rain 20 percent.
.FRIDAY NIGHT...Partly cloudy with a slight chance of showers and
thunderstorms. Lows in the lower 70s. Chance of rain 20 percent.
.SATURDAY...Sunny in the morning, then partly cloudy with a
slight chance of showers and thunderstorms in the afternoon.
Highs in the lower 90s. Chance of rain 20 percent.
.SATURDAY NIGHT...Partly cloudy. Lows in the lower 70s.
.SUNDAY...Sunny. Highs in the mid 90s.
.SUNDAY NIGHT...Mostly clear. Lows around 70.
.MONDAY...Sunny. Highs in the mid 90s.
.MONDAY NIGHT...Mostly clear. Lows in the lower 70s.
.TUESDAY...Sunny. Highs in the mid 90s.
$$
TXZ282-272145-
Lower Brewster County-
Including the cities of Big Bend NP, Lajitas, and Castolon
317 AM CDT Wed Jul 27 2022
.TODAY...Sunny, hot with highs 97 to 103. East winds 5 to 10 mph,
increasing to 15 to 20 mph this afternoon.
.TONIGHT...Partly cloudy. Lows in the mid 70s. Southeast winds
10 to 20 mph with gusts up to 30 mph.
.THURSDAY...Sunny. Highs in the upper 90s. East winds 10 to
15 mph with gusts up to 25 mph.
.THURSDAY NIGHT...Partly cloudy. Lows in the mid 70s. Southeast
winds 10 to 20 mph with gusts up to 30 mph.
.FRIDAY...Sunny in the morning, then partly cloudy with a slight
chance of showers and thunderstorms in the afternoon. Highs in
the upper 90s. East winds 10 to 15 mph with gusts up to 25 mph.
Chance of rain 20 percent.
.FRIDAY NIGHT...Partly cloudy. A slight chance of showers and
thunderstorms in the evening. Lows in the mid 70s. Chance of rain
20 percent.
.SATURDAY...Sunny in the morning, then becoming partly cloudy.
Highs in the upper 90s.
.SATURDAY NIGHT...Partly cloudy. Lows in the mid 70s.
.SUNDAY...Sunny. Highs in the upper 90s.
.SUNDAY NIGHT...Mostly clear. Lows in the mid 70s.
.MONDAY...Sunny. Highs in the upper 90s.
.MONDAY NIGHT...Mostly clear. Lows in the mid 70s.
.TUESDAY...Sunny. Highs in the upper 90s.
$$
TXZ280-272145-
Chisos Basin-
Including the cities of Big Bend NP and Chisos Basin
317 AM CDT Wed Jul 27 2022
.TODAY...Mostly sunny. Highs in the upper 80s. South winds 10 to
15 mph, becoming southeast this afternoon.
.TONIGHT...Partly cloudy and breezy. Lows in the upper 60s.
Southeast winds 15 to 25 mph.
.THURSDAY...Mostly sunny. Highs in the upper 80s. Southeast winds
10 to 15 mph.
.THURSDAY NIGHT...Partly cloudy and breezy. Lows in the upper
60s. Southeast winds 15 to 25 mph with gusts up to 35 mph.
.FRIDAY...Sunny in the morning, then partly cloudy with a chance
of showers and thunderstorms in the afternoon. Highs in the upper
80s. Southeast winds 10 to 15 mph with gusts up to 25 mph. Chance
of rain 30 percent.
.FRIDAY NIGHT...Mostly cloudy with a slight chance of showers and
thunderstorms in the evening, then partly cloudy after midnight.
Lows in the upper 60s. Chance of rain 20 percent.
.SATURDAY...Sunny in the morning, then becoming partly cloudy.
Highs in the upper 80s.
.SATURDAY NIGHT...Partly cloudy. Lows in the upper 60s.
.SUNDAY...Sunny. Highs in the upper 80s.
.SUNDAY NIGHT...Mostly clear. Lows in the upper 60s.
.MONDAY...Sunny. Highs in the upper 80s.
.MONDAY NIGHT...Mostly clear. Lows in the upper 60s.
.TUESDAY...Sunny. Highs in the upper 80s.
$$
TXZ281-272145-
Presidio Valley-
Including the city of Presidio
317 AM CDT Wed Jul 27 2022
.TODAY...Partly cloudy. A chance of showers and thunderstorms
this afternoon. Highs in the upper 90s. North winds 5 to 10 mph,
becoming south 10 to 15 mph this afternoon. Chance of rain
30 percent.
.TONIGHT...Mostly cloudy with a chance of showers and
thunderstorms in the evening, then partly cloudy after midnight.
Lows in the mid 70s. East winds 10 to 20 mph. Chance of rain
30 percent.
.THURSDAY...Mostly sunny. A slight chance of showers and
thunderstorms in the afternoon. Highs in the upper 90s. Southeast
winds 10 to 15 mph. Chance of rain 20 percent.
.THURSDAY NIGHT...Partly cloudy with a slight chance of showers
and thunderstorms. Lows in the mid 70s. Southeast winds 10 to
15 mph with gusts up to 30 mph. Chance of rain 20 percent.
.FRIDAY...Sunny in the morning, then partly cloudy with a chance
of showers and thunderstorms in the afternoon. Highs in the mid
90s. Southeast winds 10 to 15 mph. Chance of rain 30 percent.
.FRIDAY NIGHT...Mostly cloudy with a chance of showers and
thunderstorms in the evening, then partly cloudy with a slight
chance of showers and thunderstorms after midnight. Lows in the
mid 70s. Chance of rain 40 percent.
.SATURDAY...Sunny in the morning, then partly cloudy with a
slight chance of showers and thunderstorms in the afternoon.
Highs in the mid 90s. Chance of rain 20 percent.
.SATURDAY NIGHT...Partly cloudy. A slight chance of showers and
thunderstorms in the evening. Lows in the mid 70s. Chance of rain
20 percent.
.SUNDAY...Mostly sunny. Highs in the mid 90s.
.SUNDAY NIGHT...Mostly clear. Lows in the lower 70s.
.MONDAY...Sunny. Highs in the upper 90s.
.MONDAY NIGHT...Mostly clear. Lows in the mid 70s.
.TUESDAY...Sunny. Highs in the upper 90s.
$$
_____
Copyright 2022 AccuWeather | https://www.timesunion.com/weather/article/TX-Midland-Odessa-TX-Zone-Forecast-17331574.php | 2022-07-27T09:15:58Z | https://www.timesunion.com/weather/article/TX-Midland-Odessa-TX-Zone-Forecast-17331574.php | true |
WFO NORMAN Warnings, Watches and Advisories for Wednesday, July 27, 2022
_____
HEAT ADVISORY
URGENT - WEATHER MESSAGE
National Weather Service Norman OK
345 AM CDT Wed Jul 27 2022
...HEAT ADVISORY REMAINS IN EFFECT FROM NOON TODAY TO 8 PM CDT
THIS EVENING...
* WHAT...Heat index values near 105.
* WHERE...Parts of northern, central and southern Oklahoma
* WHEN...From noon to 8 PM CDT Wednesday.
* IMPACTS...Hot temperatures may cause heat illnesses to occur.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Drink plenty of fluids, stay in an air-conditioned room, stay out
of the sun, and check up on relatives and neighbors. Young
children and pets should never be left unattended in vehicles
under any circumstances.
Take extra precautions if you work or spend time outside. When
possible reschedule strenuous activities to early morning or
evening. Know the signs and symptoms of heat exhaustion and heat
stroke. Wear lightweight and loose fitting clothing when
possible. To reduce risk during outdoor work, the Occupational
Safety and Health Administration recommends scheduling frequent
rest breaks in shaded or air conditioned environments. Anyone
overcome by heat should be moved to a cool and shaded location.
Heat stroke is an emergency! Call 9 1 1.
_____
Copyright 2022 AccuWeather | https://www.timesunion.com/weather/article/TX-WFO-NORMAN-Warnings-Watches-and-Advisories-17331585.php | 2022-07-27T09:16:29Z | https://www.timesunion.com/weather/article/TX-WFO-NORMAN-Warnings-Watches-and-Advisories-17331585.php | false |
A conservation group has filed another lawsuit against the state alleging it has failed to timely grant a permit on state and federal air quality regulations, this time in relation to Arch Coal’s West Elk Mine near Paonia.
The lawsuit, filed in state district court in Gunnison on Tuesday, alleges that the Colorado Department of Public Health and Environment has long missed a deadline to approve or deny a permit application from the mine that would allow it to comply with new air quality standards.
The suit was filed by the WildEarth Guardians, along with the Center for Biological Diversity, Sierra Club, High Country Country Conservation Advocates and the Wilderness Workshop.
In March, WildEarth filed a similar lawsuit against the state over the permitting process for a large oil and gas wastewater management facility north of Parachute.
“The Polis administration must follow through and ensure the West Elk mine operates in compliance with air quality laws and protects clean air and people,” said Jeremy Nichols, climate and energy program director for WildEarth.
“It is ludicrous that one of the biggest air pollution sources in the state of Colorado is operating without a permit,” added Peter Hart, an attorney with the Wilderness Workshop. “The state simply cannot ignore its duty to manage emissions that are destroying our climate, contaminating the air we breathe and shrouding the beauty of the North Fork Valley and Colorado in pollution.”
The suit alleges that the department’s Air Pollution Control Division had 18 months to act on West Elk Mine’s permit application, and has continued to do so for nearly a year since that deadline passed in September 2021.
The department did not respond to a request for comment.
The same plaintiffs had sued Arch Coal in 2020 over its emissions, which resulted in a settlement agreement approved by a federal judge in January calling on the mine to flare emissions from its ventilation boreholes. The mine had applied for a state permit to do just that in March 2020.
In April, the same plaintiffs filed a similar lawsuit against the state over its alleged failure to act on air quality permits for four facilities in Adams County. In January, the plaintiffs won a similar lawsuit against the state over a permit for Suncor oil refinery in Denver. | https://www.gjsentinel.com/news/western_colorado/conservation-group-sues-again-over-air-quality-permits/article_778a1922-0d17-11ed-aa4f-43840047b77f.html | 2022-07-27T09:17:21Z | https://www.gjsentinel.com/news/western_colorado/conservation-group-sues-again-over-air-quality-permits/article_778a1922-0d17-11ed-aa4f-43840047b77f.html | false |
Carol Sue Dudley December 18, 1951 - July 13, 2022 Carol Sue Dudley passed away peacefully at Hope West in Grand Junction, Colorado, on July 13, 2022, at the age of 70, surrounded by her family and friends. Carol was born in Huntington Park, California, on December 18, 1951, to Josephine Fullen and William Snow. Carol grew up in Southern California. After graduating from John F Kennedy High School in Orange County, she entered the U. S. Marine Corps and was stationed in Okinawa, Japan. She had the honor of being the secretary for a general during her time in the military. Throughout her life Carol enjoyed all manner of arts and crafts. She was an expert quilter, winning many blue ribbons for her beautiful work. She was a tole painter, seamstress, jewelry maker and florist, among her many other talents. She also was a judge for crafts for 4-H children at county and state fairs. She was always willing to teach others or make something special for those she loved. Carol enjoyed cooking and baking and always had something delicious to share on the counter with anyone who stopped by. She loved her family and friends very much and enjoyed spending time with them. Shortly before she passed, Carol celebrated 42 years of marriage with Frank, the love of her life. He filled her life with unconditional love, joy and caring. Carol is survived by her husband, Frank A. Dudley, Grand Junction, CO; mother, Josephine Fullen, Muskogee, OK; children, Tracy Dudley Bunk, Grand Junction, CO, Marlena (Michael) Staudinger, Dickinson, ND, Mark Dudley, Fargo, ND, Frank A. (Antje) Dudley Jr., Cologne, Germany, and Michael J. (Kerstin) Dudley, Goettingen, Germany; grandchildren, Leon Stille, Hailey Bunk, Carlotta Voss, Lina Stille, Mason Bunk, Lily Dudley, Luis Dudley, Greta Dudley, Abby Staudinger and Samuel Staudinger; sisters, Judy (Michael) Bollweg, Payson, AZ, Melodee Fullen, Marie (Ernest) Smith, Commerce, TX; brothers, Ryan (Elizabeth) Dudley, Alexandra, VA, Richard Fullen and Robert Fullen. Carol will be laid to rest in the Jensen, UT cemetery at a later date.
Chance of Rain: 15%
Sunrise: 06:09:27 AM
Sunset: 08:31 PM
Humidity: 53%
Wind: SE @ 10 mph
UV Index: 0 Low
Tuesday Night
A few clouds. A stray shower or thunderstorm is possible. Low 68F. Winds SE at 10 to 15 mph.
Chance of Rain: 24%
Sunrise: 06:10:18 AM
Sunset: 08:30:07 PM
Humidity: 31%
Wind: SW @ 12 mph
UV Index: 9 Very High
Wednesday Night
Cloudy. A stray shower or thunderstorm is possible. Low near 70F. Winds SSE at 5 to 10 mph.
Chance of Rain: 45%
Sunrise: 06:11:10 AM
Sunset: 08:29:11 PM
Humidity: 44%
Wind: SSE @ 11 mph
UV Index: 7 High
Thursday Night
Scattered thunderstorms in the evening. Partly cloudy skies overnight. Low 64F. Winds ESE at 5 to 10 mph. Chance of rain 40%.
Chance of Rain: 21%
Sunrise: 06:12:01 AM
Sunset: 08:28:15 PM
Humidity: 41%
Wind: S @ 10 mph
UV Index: 9 Very High
Friday Night
A few clouds. Low 67F. Winds ESE at 5 to 10 mph.
Chance of Rain: 17%
Sunrise: 06:12:54 AM
Sunset: 08:27:17 PM
Humidity: 41%
Wind: S @ 9 mph
UV Index: 9 Very High
Saturday Night
Partly cloudy skies. Low 68F. Winds SE at 5 to 10 mph.
Chance of Rain: 15%
Sunrise: 06:13:46 AM
Sunset: 08:26:17 PM
Humidity: 33%
Wind: NE @ 9 mph
UV Index: 9 Very High
Sunday Night
Mainly clear. A stray shower or thunderstorm is possible. Low 69F. Winds ESE at 5 to 10 mph.
Chance of Rain: 15%
Sunrise: 06:14:39 AM
Sunset: 08:25:16 PM
Humidity: 29%
Wind: S @ 10 mph
UV Index: 10 Very High
Monday Night
Partly cloudy. A stray shower or thunderstorm is possible. Low around 70F. Winds SE at 5 to 10 mph. | https://www.gjsentinel.com/tributes/obituaries/carol-sue-dudley/article_4e3471cb-e275-5a56-9360-483fa1655751.html | 2022-07-27T09:18:49Z | https://www.gjsentinel.com/tributes/obituaries/carol-sue-dudley/article_4e3471cb-e275-5a56-9360-483fa1655751.html | false |
WFO CORPUS CHRISTI Warnings, Watches and Advisories for Wednesday, July 27, 2022
_____
SPECIAL WEATHER STATEMENT
Special Weather Statement
National Weather Service Corpus Christi TX
247 AM CDT Wed Jul 27 2022
...HEAT INDEX VALUES BETWEEN 105 AND 109 DEGREES ARE EXPECTED TODAY...
The combination of warm temperatures and high dewpoints will
produce heat indices between 105 and 109 degrees today. Residents
with outdoor activities planned are urged to drink plenty of
water, wear light weight and light colored clothing and take
frequent breaks from the heat. Young children and pets should
never be left unattended in vehicles under any circumstances. This
is especially true during warm or hot weather when car interiors
can reach lethal temperatures in a matter of minutes.
...HEAT ADVISORY REMAINS IN EFFECT UNTIL 8 PM CDT THIS EVENING...
* WHAT...Heat index values up to 109.
* WHERE...Portions of north central and northwest Louisiana,
southeast Oklahoma, south central and southwest Arkansas and
east and northeast Texas.
* WHEN...Until 8 PM CDT Wednesday.
* IMPACTS...Hot temperatures and high humidity may cause heat
illnesses to occur.
* ADDITIONAL DETAILS...Hot temperatures and high humidity will
increase the risk for heat-related illnesses to occur,
particularly for those working or participating in outdoor
activities.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Drink plenty of fluids, stay in an air-conditioned room, stay out
of the sun, and check up on relatives and neighbors. Young
children and pets should never be left unattended in vehicles
under any circumstances.
Take extra precautions if you work or spend time outside. When
possible reschedule strenuous activities to early morning or
evening. Know the signs and symptoms of heat exhaustion and heat
stroke. Wear lightweight and loose fitting clothing when
possible. To reduce risk during outdoor work, the Occupational
Safety and Health Administration recommends scheduling frequent
rest breaks in shaded or air conditioned environments. Anyone
overcome by heat should be moved to a cool and shaded location.
Heat stroke is an emergency! Call 9 1 1.
_____
Copyright 2022 AccuWeather | https://www.theheraldreview.com/weather/article/TX-WFO-CORPUS-CHRISTI-Warnings-Watches-and-17331544.php | 2022-07-27T09:25:13Z | https://www.theheraldreview.com/weather/article/TX-WFO-CORPUS-CHRISTI-Warnings-Watches-and-17331544.php | true |
WFO NORMAN Warnings, Watches and Advisories for Wednesday, July 27, 2022
_____
HEAT ADVISORY
URGENT - WEATHER MESSAGE
National Weather Service Norman OK
345 AM CDT Wed Jul 27 2022
...HEAT ADVISORY REMAINS IN EFFECT FROM NOON TODAY TO 8 PM CDT
THIS EVENING...
* WHAT...Heat index values near 105.
* WHERE...Parts of northern, central and southern Oklahoma
* WHEN...From noon to 8 PM CDT Wednesday.
* IMPACTS...Hot temperatures may cause heat illnesses to occur.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Drink plenty of fluids, stay in an air-conditioned room, stay out
of the sun, and check up on relatives and neighbors. Young
children and pets should never be left unattended in vehicles
under any circumstances.
Take extra precautions if you work or spend time outside. When
possible reschedule strenuous activities to early morning or
evening. Know the signs and symptoms of heat exhaustion and heat
stroke. Wear lightweight and loose fitting clothing when
possible. To reduce risk during outdoor work, the Occupational
Safety and Health Administration recommends scheduling frequent
rest breaks in shaded or air conditioned environments. Anyone
overcome by heat should be moved to a cool and shaded location.
Heat stroke is an emergency! Call 9 1 1.
_____
Copyright 2022 AccuWeather | https://www.theheraldreview.com/weather/article/TX-WFO-NORMAN-Warnings-Watches-and-Advisories-17331585.php | 2022-07-27T09:25:19Z | https://www.theheraldreview.com/weather/article/TX-WFO-NORMAN-Warnings-Watches-and-Advisories-17331585.php | false |
England manager Sarina Wiegman feels that her troops have created "history" after reaching the Euro 2022 final while achieving their pre-tournament goal to "inspire the nation". The Lionesses outclassed Sweden 4-0 at Bramall Lane to reach their first major final since 2009.
Beth Mead, Lucy Bronze, Alessia Russo and Fran Kirby were on target for the hosts to cap off a stunning victory against the second-ranked side in the world.
What did Sarina Weigman say about her triumphant Lionesses?
Wiegman was ecstatic after the win as England will now have a shot at the European Championship trophy against either Germany or France on July 31 at Wembley. She thinks that the convincing victory at such a crucial stage of the tournament will not only be an inspiration to the country but also a statement to their main rivals.
"We said before the tournament and throughout that, we want to inspire the nation, I think that's what we're doing and making a difference. The whole country is proud of us and even more girls and boys will want to play football," she stated after the win.
"We have confidence in this team, our players stay calm and stick with the plan. We spoke about scenarios and sometimes things go well and sometimes things don't. We can count on each other and our task and then come back into the team. "You [asked] are you ready to write history. This is history."
MORNING 😁
— Lionesses (@Lionesses) July 27, 2022
...we're going to Wembley. pic.twitter.com/2Iy34MdCmv
England extended their unbeaten run to 19 games under Wiegman with their triumph over Sweden.
"When you come in, you hope things will go well and you connect with the staff, the FA and then the players and it all works," she added.
"From the beginning, there was a click and you can tell. It takes hard work too, but you feel the energy and people believe in how we want to work. We ask players how they feel and their experience.
"The results have been good and very nice. We made it to the final but we know how tight the game against Spain was. It's nice and I hope we can do it even better on Sunday."
Wiegman hails Russo's 'courage'
Substitute Russo's individual brilliance came to the forefront for England's third goal. Her initial shot was saved by Sweden's keeper Hedvig Lindahl. But she latched on to the rebound and produced an instinctive back heel which nutmegged the keeper to score one of the finest goals of the tournament.
"She came on and impacted the game again very well. She had so much courage to do such an unpredictable and phenomenal thing like that. It was nice to watch, then it was 3-0 and we wanted to finish the game," Wiegman said of Russo's contribution.
🏴 Take a bow @alessiarusso7 😱👏#WEURO2022 | #ENG | #SWE pic.twitter.com/pwhRv7Ubnk
— UEFA Women's EURO 2022 (@WEURO2022) July 26, 2022
Russo's performance has given the manager a selection headache and she hinted that the player might get to start in the final.
"She could start, but I think the starting team that has started has done well too. We'll see how we go from here," said the Dutch tactician. | https://www.goal.com/en-cm/news/this-is-history-england-women-inspire-the-nation-euros-final/blt7de58c0f966446a0 | 2022-07-27T09:25:30Z | https://www.goal.com/en-cm/news/this-is-history-england-women-inspire-the-nation-euros-final/blt7de58c0f966446a0 | true |
Instagram is to become more focused on video.
The social media app - which has more than 600 million active monthly users - was initially known as a photo-sharing site but has launched more video-based features such as Reels in recent months and head of Instagram Adam Mosseri explained that while snaps are "part of their heritage", the company needs to embrace the "shift" as it appears to be naturally indicated by consumers in the first place.
He said: "I'm hearing a lot of concerns about photos right now and how we're shifting to video. I want to be clear - we're gonna continue to support photos and they're part of our heritage. I love photos and I know you do too. That said - and I need to be honest - I do believe more and more of Instagram is to become more video over time.
"We see this even if we change nothing. We see this even if you just look at the chronological feed. If you look at what people like and consume on Instagram, that is also shifting more and more to video over time, even when we stop changing anything. So we're gonna have to lean into that shift while continuing to support photos."
The social media boss also went on to address the new feature of Recommendations and explained why users are now seeing posts from creators that they do not follow.
Speaking in a video posted to Twitter, he said: "Recommendations are posts in your feed from accounts that you do not follow. The idea is to help you discover new and interesting things on Instagram that you might not know even exist. Now, if you're seeing things on your feed that you're not interested in, that means we're doing a bad job ranking and we need to improve. You can X out a recommendation or even snooze them all for up to a month or go to your following feed. But we're gonna try to get better at Recommendations because we think it's one of the most effective ways to help Creators reach more people - and we wanna do best by creators." | https://nordot.app/924937832932065280 | 2022-07-27T09:31:30Z | https://nordot.app/924937832932065280 | false |
Amanda Holden, 51, displays her jaw-dropping figure in striped bikini as she dances by the pool in playful video
Amanda Holden proved she was making the most of the summer as she shared a sizzling bikini clip on Wednesday.
The Britain's Got Talent judge, 51, showcased her incredible figure in the video as she struck a series of playful poses by the pool.
The clip began with the star donning a white open shirt with a pair of navy shorts as she soaked up the sun.
Stunning: Amanda Holden proved she was making the most of the summer as she shared a sizzling bikini clip on Wednesday
She then stripped off to reveal a black and white striped two-piece that highlighted her sun-kissed tan and washboard abs.
Wearing her blonde locks in a poker straight style, Amanda also sported a pair of sunglasses.
Alongside the post, the former Wild At Heart actress wrote: 'Glimmer in the sun'.
Meanwhile, Amanda turned up the heat on Tuesday, as she shared another bikini-clad snap to Instagram.
Incredible: The Britain's Got Talent judge, 51, showcased her incredible figure in the video as she struck a series of playful poses by the pool
The star looked unreal in a bright blue bikini that showed off her toned abs and ample cleavage.
She stretched out on the edge of a boat overlooking the clear blue water, highlighting her long legs.
Amanda wrapped up in a coordinating blue cover up and matched her hair scrunchie to her outfit.
Pose: The clip began with the star donning a white open shirt with a pair of navy shorts as she soaked up the sun
She opted to go barefoot, and shielded her eyes from the glare of the sun behind a pair of black sunglasses.
Captioning the gorgeous photo, she quipped: 'Another tough day…'
On Friday, the TV personality shared a fun clip of herself larking around with her lookalike daughter Hollie, ten.
Incredible: Amanda turned up the heat on Tuesday, as she shared a bikini-clad snap to Instagram
Having a blast: Captioning the gorgeous photo, she quipped: 'Another tough day…'
Animated: On Friday, the TV personality shared a fun clip to her Instagram grid larking around with her lookalike daughter Hollie, ten
Nice! The presenter showed off her impressive strength as she pulled off a perfect handstand before pulling a series of other goofy poses
Amanda showed off her impressive strength as she pulled off a perfect handstand before pulling a series of other goofy poses.
In other parts of clip that was set to a funky beat, Hollie perched on Amanda's back and held her arms out to act of out flying through the air.
Meanwhile, on Wednesday, Amanda every inch the proud mother as she beamed alongside her family for an Instagram snap.
The TV personality posed alongside her daughters, Lexi, 16, and Hollie, 10, and her husband Chris Hughes in a snap taken as they enjoy a family getaway in the sunshine.
The Heart radio presenter seemed to be enjoying a lavish getaway with her family as she styled her blonde tresses in beach waves.
'Team photo': Meanwhile, on Wednesday, Amanda every inch the proud mother as she beamed alongside her family for an Instagram snap
Amanda opted for a chic white tassel V-neck dress as she layered two gold necklaces to complete the look.
She added a pop of colour to the number with a vibrant red manicure and kept her locks pushed back out of her face with her sunglasses on her head.
Meanwhile husband Chris coordinated with his beau in a loose white shirt as he styled his dark tresses framing his face.
The couple's oldest daughter Lexi wore in a cream tie front crop shirt, with her long blonde tresses poker straight from a centre parting and accessorised with a pair of hoop earrings.
Family time: The Heart radio presenter seemed to be enjoying a lavish getaway with her family as she styled her blonde tresses in beach waves
Her sister Hollie stood out from the crowd in a vibrant pink number which she matched her bold lipstick to.
Amanda captioned the snaps: 'Team photo'.
Several famous faces took to the comment section of the post including Ruth Langford who penned: 'What a beautiful family'.
Vicky Pattison also left some sweet words, 'The genetics is this picture,' and Amanda's co-host Ashley Roberts added, 'What a quad'.
'What a squad': Several famous faces took to the comment section of the post including Ruth Langford who penned: 'What a beautiful family' | https://www.dailymail.co.uk/tvshowbiz/article-11053129/Amanda-Holden-51-displays-jaw-dropping-figure-striped-bikini-dances-pool.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-07-27T09:40:32Z | https://www.dailymail.co.uk/tvshowbiz/article-11053129/Amanda-Holden-51-displays-jaw-dropping-figure-striped-bikini-dances-pool.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false |
LONDON, July 27, 2022 /PRNewswire/ -- EQONEX Limited (NASDAQ:EQOS), a digital assets financial services company, is investing in its Asset Management business with new senior appointments in key regions earmarked for growth. Nick Cogswell has been appointed to the role of Head of Sales, Asset Management, based in London, and Franklin Heng, will drive the company's Asian asset management products strategy as the Head of Asset Management Asia, based in Hong Kong. Both appointments are effective immediately.
EQONEX is directing significant resources and investment into building its Asset Management business, as part of its ambition to deliver a leading digital assets investment platform. EQONEX Asset Management encompasses key business lines including Investment Products, Structured Products, Bletchley Park, a fund of crypto hedge funds, and Lending.
The new hires follow the listing of EQONEX's first exchange-trade product, a Bitcoin Exchange Traded Note (ETN) on the Deutsche Börse XETRA Exchange, earlier this month. Further ETNs are expected to list in the coming months, together with the launch of the EQONEX Structured Products business.
Nick will be responsible for driving growth across the entire Asset Management product suite. Nick joins EQONEX with experience of running his own firm, an FCA regulated investment advisory business where he served as CEO and Managing Director. He brings 20 years' experience in cross asset derivatives sales and structuring, alternative investments, and global structured products, dealing with Institutional investors.
He was previously the Head of Equity Structured Product Sales EMEA at Jefferies and before that ran the Santander Private Banking Structured Product Sales business for the UK. Nick has also held senior roles at both Lehman Brothers and Dresdner Kleinwort Wasserstein.
Franklin will be responsible for growing EQONEX's Asset Management footprint in the Asia Pacific. Franklin joins EQONEX after an eleven-year tenure with Springboard Capital, where he was a Managing Partner and nominated Responsible Officer for regulated activities.
Franklin was previously Managing Director, Head of Equity Derivatives and Structured Products Distribution for The Royal Bank of Scotland, leading the Asia ex-Japan business from Hong Kong. His team distributed structured products to institutional and professional investors and advised them on the use of derivatives and structured products to hedge their risk and enhance returns. Prior to this, he spent seven years at HSBC Hong Kong in various roles including Head of Asia Derivatives (trading and sales) and Head of Wealth Management Sales. Franklin brings 30 years of asset management, derivatives and structured products experience, and he is also a qualified Chartered Accountant.
Nick will work alongside Head of Business Development Matthew Clapp, who is also based in London. Prior to joining EQONEX, Matthew was Head of Institutional Business Development at Levendi Investment Management. Matthew has been involved in the Structured Investment arena for over ten years. With his wide-ranging experience across asset classes, he has developed a deep understanding of the needs and demands of a broad investor base.
Nick, Franklin and Matthew will report to Frank Copplestone, Head of Asset Management at EQONEX, who recently celebrated his first anniversary with the company. Frank is a 30-year veteran of Asset Management and Investment Products holding global roles at Morgan Stanley, Deutsche Bank and Jefferies.
Speaking of the appointments, Frank said: "The last year has been a period of ambitious growth and expansion for EQONEX's Asset Management business, with the listing of our first exchange-traded product in Germany, and the establishment of our strategic partnership with Binance Connect".
"We see tremendous market opportunities across the globe in the digital asset investments space and we are working hard to become a preeminent Asset Management Platform. We are delighted to welcome Nick and Franklin to this growing, talented and highly experienced team. Their wealth of experience in asset management, equity derivatives and structured products will be invaluable in growing our Asset Management business."
Nick added: "I am thrilled to join EQONEX and look forward to leveraging my experience in traditional finance to harness the growing opportunities in the digital asset space. EQONEX is reputable in the marketplace for its highly experienced team, so I'm excited to join them in delivering EQONEX's ambitious product roadmap across structured and investment products and also driving growth for Bletchley Park, the fund of crypto hedge funds."
Franklin commented: "With regulation now finally becoming a reality, EQONEX's commitment to compliance and security, as well as its status as a NASDAQ-listed company, puts it in an ideal position to further differentiate itself from the competition. I am excited to join the team during such an anticipated period of business growth and working with them to define best-in-class digital asset investment products for EQONEX's clients."
About EQONEX Group
EQONEX Limited (NASDAQ: EQOS) is a technology driven digital assets financial services group that provides institutional grade infrastructure and a full suite of trading, custody and asset management solutions to clients. The Group's digital assets ecosystem has been designed to accommodate the needs of institutions and individuals with the same degree of regulatory oversight and security they are accustomed to in traditional financial markets. EQONEX's ecosystem primarily encompasses EQONEX, a digital asset exchange; Digivault, a FCA accredited hot and cold digital assets custodian and an Asset Management arm comprising EQONEX investment Products, EQONEX Structured Products and Bletchley Park Asset Management, a fund of crypto-hedge funds.
For more information visit: https://group.eqonex.com/
Follow EQONEX on social media on Twitter @eqonex, on Facebook @eqonex, and on LinkedIn.
Forward-Looking Information
Any forward-looking statements in this press release are based on available current market material and management's expectations, beliefs and forecasts concerning future events impacting EQONEX. You are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, as well as assumptions, which, if they were to ever materialize or prove incorrect, could cause the results of EQONEX to differ materially from those expressed or implied by such forward-looking statements. The forward-looking statements made in this press release speak only as of the date hereof and we disclaim any obligation, except as required by law, to provide updates, revisions or amendments to any forward-looking statements to reflect changes in our expectations or future events.
View original content:
SOURCE EQONEX | https://www.cleveland19.com/prnewswire/2022/07/27/eqonex-expands-senior-leadership-ranks-asset-management-it-sets-sights-market-share-growth/ | 2022-07-27T09:40:51Z | https://www.cleveland19.com/prnewswire/2022/07/27/eqonex-expands-senior-leadership-ranks-asset-management-it-sets-sights-market-share-growth/ | false |
In addition to growing adoption of smart home technologies, home robot technology has experienced important advances
BOULDER, Colo., July 27, 2022 /PRNewswire/ -- A new report from Guidehouse Insights explores the market landscape and potential for home robots.
Despite optimistic product launches from prestigious high-tech companies and start-ups, the market for robots in the home has had limited success to date. However, there is reason for hope—according to a new report from Guidehouse Insights, with the success of at least one home robot application and the growth of others, confidence is high for more applications in the future. The in-home navigation technology developed for robotic vacuums—the primary success story for home robotics—has enabled other applications, including social robots and home healthcare robots, which serve certain niche markets with highly customized human-like interactions, and robots designed to enhance the smart home's capabilities.
"Home robots have the potential to make life more convenient and fulfilling in the early 21st century, removing drudgery and increasing free time, as household appliances did for families in the 20th century," says William Hughes, principal research analyst with Guidehouse Insights. "The transition to using more robots in the home will likely be slower than many might wish but it is unstoppable."
The technology embedded in robotic vacuums enables other home robot categories. In addition to home maintenance, some robots are useful for consumers who need help carrying items, for food preparation, and for home healthcare. A new and interesting category is robots designed to enhance smart home functionality by bringing a voice-activated speaker closer to the user, offering a moveable security camera, and providing social engagement options, according to the report.
The report, Expanding the Market for Home Robots Beyond Smart Vacuums, explores the status of the myriad applications for robots in the home, examines the implications for the adoption of home robot applications, and looks at factors that will likely affect smart home adoption. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 13,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
* The information contained in this press release concerning the report, Expanding the Market for Home Robots Beyond Smart Vacuums, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
CecileFradkin
+1.646.941.9139
cfradkin@scprgroup.com
View original content to download multimedia:
SOURCE Guidehouse Insights | https://www.cleveland19.com/prnewswire/2022/07/27/guidehouse-insights-explores-opportunities-home-robot-market/ | 2022-07-27T09:41:13Z | https://www.cleveland19.com/prnewswire/2022/07/27/guidehouse-insights-explores-opportunities-home-robot-market/ | true |
In addition to growing adoption of smart home technologies, home robot technology has experienced important advances
BOULDER, Colo., July 27, 2022 /PRNewswire/ -- A new report from Guidehouse Insights explores the market landscape and potential for home robots.
Despite optimistic product launches from prestigious high-tech companies and start-ups, the market for robots in the home has had limited success to date. However, there is reason for hope—according to a new report from Guidehouse Insights, with the success of at least one home robot application and the growth of others, confidence is high for more applications in the future. The in-home navigation technology developed for robotic vacuums—the primary success story for home robotics—has enabled other applications, including social robots and home healthcare robots, which serve certain niche markets with highly customized human-like interactions, and robots designed to enhance the smart home's capabilities.
"Home robots have the potential to make life more convenient and fulfilling in the early 21st century, removing drudgery and increasing free time, as household appliances did for families in the 20th century," says William Hughes, principal research analyst with Guidehouse Insights. "The transition to using more robots in the home will likely be slower than many might wish but it is unstoppable."
The technology embedded in robotic vacuums enables other home robot categories. In addition to home maintenance, some robots are useful for consumers who need help carrying items, for food preparation, and for home healthcare. A new and interesting category is robots designed to enhance smart home functionality by bringing a voice-activated speaker closer to the user, offering a moveable security camera, and providing social engagement options, according to the report.
The report, Expanding the Market for Home Robots Beyond Smart Vacuums, explores the status of the myriad applications for robots in the home, examines the implications for the adoption of home robot applications, and looks at factors that will likely affect smart home adoption. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 13,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
* The information contained in this press release concerning the report, Expanding the Market for Home Robots Beyond Smart Vacuums, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
CecileFradkin
+1.646.941.9139
cfradkin@scprgroup.com
View original content to download multimedia:
SOURCE Guidehouse Insights | https://www.wbrc.com/prnewswire/2022/07/27/guidehouse-insights-explores-opportunities-home-robot-market/ | 2022-07-27T09:43:34Z | https://www.wbrc.com/prnewswire/2022/07/27/guidehouse-insights-explores-opportunities-home-robot-market/ | true |
BRENTFORD, Britain (AP) _ GlaxoSmithKline PLC (GSK) on Wednesday reported second-quarter net income of $1.05 billion.
The Brentford, Britain-based company said it had profit of 52 cents per share. Earnings, adjusted for one-time gains and costs, came to 87 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.
The drug developer posted revenue of $8.71 billion in the period.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GSK at https://www.zacks.com/ap/GSK | https://www.seattlepi.com/business/article/Glaxo-Q2-Earnings-Snapshot-17331602.php | 2022-07-27T09:44:27Z | https://www.seattlepi.com/business/article/Glaxo-Q2-Earnings-Snapshot-17331602.php | true |
Kate Winslet heading to 'The Palace', Stephen Frears to direct HBO limited series
Will Tracy, writer and executive producer of HBO’s hit series ‘Succession,’ is the creator of ‘The Palace’
Award-winning actor Kate Winslet is set to star in an HBO limited series titled "The Palace", which will be helmed by acclaimed director Stephen Frears.
Will Tracy, writer and executive producer of HBO's hit series "Succession", is the creator of "The Palace".
According to The Hollywood Reporter, "The Palace" chronicles a year inside an authoritarian regime as it begins to unravel.
Frears is best known for "The Queen" and Sundance's "State of the Union".
HBO Programming executive vp Francesca Orsi said the premium cabler is honoured to be working with this incredibly talented group of filmmakers on "The Palace".
"The notion that Kate Winslet and Stephen Frears, two of our industry's leading lights (who -- remarkably -- have never collaborated before now), are joining forces to bring Will Tracy's wildly original, prescient, and dazzling scripts to life at HBO is a dream come true for us," added Orsi.
Winslet will also be an executive producer of the drama, which HBO has ordered to series.
It marks the actor's second HBO project she has boarded in recent weeks. Winslet, who starred in the successful HBO Max series "Mare of Easttown", is also attached to star in and executive produce "Trust", another limited series in development at the network.
Tracy will serve as showrunner for "The Palace" and executive produce with Frears, Winslet and Frank Rich. Seth Reiss, Juli Weiner, Jen Sprya, Gary Shteyngart and Sarah DeLappe will be writers on the series.
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- Please use a genuine email ID and provide your name, to avoid rejection. | https://www.thehindu.com/entertainment/movies/kate-winslet-heading-to-the-palace-stephen-frears-to-direct-hbo-limited-series/article65688966.ece | 2022-07-27T09:48:33Z | https://www.thehindu.com/entertainment/movies/kate-winslet-heading-to-the-palace-stephen-frears-to-direct-hbo-limited-series/article65688966.ece | false |
LONDON, July 27, 2022 /PRNewswire/ -- EQONEX Limited (NASDAQ:EQOS), a digital assets financial services company, is investing in its Asset Management business with new senior appointments in key regions earmarked for growth. Nick Cogswell has been appointed to the role of Head of Sales, Asset Management, based in London, and Franklin Heng, will drive the company's Asian asset management products strategy as the Head of Asset Management Asia, based in Hong Kong. Both appointments are effective immediately.
EQONEX is directing significant resources and investment into building its Asset Management business, as part of its ambition to deliver a leading digital assets investment platform. EQONEX Asset Management encompasses key business lines including Investment Products, Structured Products, Bletchley Park, a fund of crypto hedge funds, and Lending.
The new hires follow the listing of EQONEX's first exchange-trade product, a Bitcoin Exchange Traded Note (ETN) on the Deutsche Börse XETRA Exchange, earlier this month. Further ETNs are expected to list in the coming months, together with the launch of the EQONEX Structured Products business.
Nick will be responsible for driving growth across the entire Asset Management product suite. Nick joins EQONEX with experience of running his own firm, an FCA regulated investment advisory business where he served as CEO and Managing Director. He brings 20 years' experience in cross asset derivatives sales and structuring, alternative investments, and global structured products, dealing with Institutional investors.
He was previously the Head of Equity Structured Product Sales EMEA at Jefferies and before that ran the Santander Private Banking Structured Product Sales business for the UK. Nick has also held senior roles at both Lehman Brothers and Dresdner Kleinwort Wasserstein.
Franklin will be responsible for growing EQONEX's Asset Management footprint in the Asia Pacific. Franklin joins EQONEX after an eleven-year tenure with Springboard Capital, where he was a Managing Partner and nominated Responsible Officer for regulated activities.
Franklin was previously Managing Director, Head of Equity Derivatives and Structured Products Distribution for The Royal Bank of Scotland, leading the Asia ex-Japan business from Hong Kong. His team distributed structured products to institutional and professional investors and advised them on the use of derivatives and structured products to hedge their risk and enhance returns. Prior to this, he spent seven years at HSBC Hong Kong in various roles including Head of Asia Derivatives (trading and sales) and Head of Wealth Management Sales. Franklin brings 30 years of asset management, derivatives and structured products experience, and he is also a qualified Chartered Accountant.
Nick will work alongside Head of Business Development Matthew Clapp, who is also based in London. Prior to joining EQONEX, Matthew was Head of Institutional Business Development at Levendi Investment Management. Matthew has been involved in the Structured Investment arena for over ten years. With his wide-ranging experience across asset classes, he has developed a deep understanding of the needs and demands of a broad investor base.
Nick, Franklin and Matthew will report to Frank Copplestone, Head of Asset Management at EQONEX, who recently celebrated his first anniversary with the company. Frank is a 30-year veteran of Asset Management and Investment Products holding global roles at Morgan Stanley, Deutsche Bank and Jefferies.
Speaking of the appointments, Frank said: "The last year has been a period of ambitious growth and expansion for EQONEX's Asset Management business, with the listing of our first exchange-traded product in Germany, and the establishment of our strategic partnership with Binance Connect".
"We see tremendous market opportunities across the globe in the digital asset investments space and we are working hard to become a preeminent Asset Management Platform. We are delighted to welcome Nick and Franklin to this growing, talented and highly experienced team. Their wealth of experience in asset management, equity derivatives and structured products will be invaluable in growing our Asset Management business."
Nick added: "I am thrilled to join EQONEX and look forward to leveraging my experience in traditional finance to harness the growing opportunities in the digital asset space. EQONEX is reputable in the marketplace for its highly experienced team, so I'm excited to join them in delivering EQONEX's ambitious product roadmap across structured and investment products and also driving growth for Bletchley Park, the fund of crypto hedge funds."
Franklin commented: "With regulation now finally becoming a reality, EQONEX's commitment to compliance and security, as well as its status as a NASDAQ-listed company, puts it in an ideal position to further differentiate itself from the competition. I am excited to join the team during such an anticipated period of business growth and working with them to define best-in-class digital asset investment products for EQONEX's clients."
About EQONEX Group
EQONEX Limited (NASDAQ: EQOS) is a technology driven digital assets financial services group that provides institutional grade infrastructure and a full suite of trading, custody and asset management solutions to clients. The Group's digital assets ecosystem has been designed to accommodate the needs of institutions and individuals with the same degree of regulatory oversight and security they are accustomed to in traditional financial markets. EQONEX's ecosystem primarily encompasses EQONEX, a digital asset exchange; Digivault, a FCA accredited hot and cold digital assets custodian and an Asset Management arm comprising EQONEX investment Products, EQONEX Structured Products and Bletchley Park Asset Management, a fund of crypto-hedge funds.
For more information visit: https://group.eqonex.com/
Follow EQONEX on social media on Twitter @eqonex, on Facebook @eqonex, and on LinkedIn.
Forward-Looking Information
Any forward-looking statements in this press release are based on available current market material and management's expectations, beliefs and forecasts concerning future events impacting EQONEX. You are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, as well as assumptions, which, if they were to ever materialize or prove incorrect, could cause the results of EQONEX to differ materially from those expressed or implied by such forward-looking statements. The forward-looking statements made in this press release speak only as of the date hereof and we disclaim any obligation, except as required by law, to provide updates, revisions or amendments to any forward-looking statements to reflect changes in our expectations or future events.
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SOURCE EQONEX | https://www.kwch.com/prnewswire/2022/07/27/eqonex-expands-senior-leadership-ranks-asset-management-it-sets-sights-market-share-growth/ | 2022-07-27T09:52:56Z | https://www.kwch.com/prnewswire/2022/07/27/eqonex-expands-senior-leadership-ranks-asset-management-it-sets-sights-market-share-growth/ | true |
Universal DV Leave To Be Accessible By February Of 2023
Extension granted for small businesses
Universal paid domestic and family violence is set to become available for Australian employees with landmark laws set to be put forward by the government this week.
The new laws which will allow more than 11million Australian workers including casual employees to access 10 days of paid domestic or family violence leave.
If the new laws are given the green light, they are expected to come into action by February of 2023.
While this date was agreed upon by a number of businesses, small businesses will be given an extra six months before the new law becomes applicable.
Stay up-to-date on the latest news with The QLD Briefing - keeping you in the loop with the region’s breaking news as it hits.
This means for small businesses, the new law won’t be active until August of 2023.
According to the Fair Work Commission, at least 2.7 million Australians will be eligible for the leave under modern awards.
Workplace Minister Tony Burke who had previously expressed the urgency of the new laws, told the Courier Mail the new laws would ensure all workers had access to domestic and family violence leave.
“Casual workers are not spared from family and domestic violence,” he said.
“In fact, women who are experiencing family and domestic violence are more likely to be employed in casual work.
“We cannot leave them behind. That’s why this has to be a universal entitlement.”
If you or someone you know is experiencing domestic violence, contact Womensline on 1800 811 811 or Mensline on 1300 789 978.
Stay up-to-date on the latest news with Your Morning Agenda - supported by a network of local journalists from all major Australian cities, ensuing timely and first hand insights on local stories:
Download LiSTNR and enjoy a new world of audio. All your favourite shows and stations in one library. | https://www.triplem.com.au/story/universal-dv-leave-to-be-accessible-by-february-of-2023-203450 | 2022-07-27T09:56:11Z | https://www.triplem.com.au/story/universal-dv-leave-to-be-accessible-by-february-of-2023-203450 | true |
STAVANGER NORWAY, Norway (AP) _ Equinor ASA (EQNR) on Wednesday reported second-quarter earnings of $6.76 billion.
The Stavanger Norway, Norway-based company said it had profit of $2.11 per share. Earnings, adjusted for non-recurring gains, were $1.56 per share.
The oil and gas company posted revenue of $36.39 billion in the period.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EQNR at https://www.zacks.com/ap/EQNR | https://www.expressnews.com/business/article/Equinor-Q2-Earnings-Snapshot-17331594.php | 2022-07-27T09:57:21Z | https://www.expressnews.com/business/article/Equinor-Q2-Earnings-Snapshot-17331594.php | true |
Teen robbery suspect fatally stabbed by intended victim
Published: Jul. 27, 2022 at 4:55 AM EDT|Updated: 1 hour ago
CHICAGO (AP) - Authorities say a 15-year-old boy was stabbed to death while taking part in an attempted armed robbery on a Chicago commuter train.
The Cook County Medical Examiner’s office identified the teen as Darin McNair of Chicago. Police say McNair was holding a gun when he and others attempted to rob a person on the Red Line train on the South Side early Monday.
The person targeted by the group stabbed the teen in the chest.
Police say no one has been arrested.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wflx.com/2022/07/27/teen-robbery-suspect-fatally-stabbed-by-intended-victim/ | 2022-07-27T09:58:11Z | https://www.wflx.com/2022/07/27/teen-robbery-suspect-fatally-stabbed-by-intended-victim/ | false |
ASHLAND • On June 7, Ashland's Mayor declared an ordinance adopted regulating the management of streets, trenching, and rights of way. The ordinance, which was unanimously approved by the city council, allows the Town of Ashland to exercise historical rights, to manage and control its public and town-owned streets, alleys, rights-of-way and other public and town-owned property in the municipality, and to preserve the physical integrity of its public and municipal streets, alleys, rights of-way and public or Town-owned properties.
A full and complete copy of the ordinance, which took effect on July 7, is available for viewing in its entirety at Ashland's Office of the City Clerk in City Hall.
Highlights of the ordinance include prohibition of excavating, digging, and trenching and requiring permits for certain types of digging. Excavating, cutting, trenching, boring, tunneling, undermining, or digging or cause to do so in, on, or under any public street, public place, or right-of-way for the installation, repair, or removal of any pipe, conduit, duct, tunnel, utility pole, or any other facility or installation or for any other purpose without having first obtained a permit from the Town Public Works Director or his designee is unlawful under the ordinance.
All work performed which relates to such activities must be performed in compliance with the provisions of the ordinance. A permit will not be required for the replacement of existing or maintenance of an existing pole, but notification is still required.
If a permit cannot be obtained in a timely way, emergency repairs may be conducted. However, a permit must be applied for all emergency cuts, digging, or excavations within 48 hours after the cuts, digging, or excavations have been made. However, a prospective applicant must give verbal notice immediately to the Town Public Works Director or his designee upon determination that "emergency” work or construction is needed and prior to commencing this work.
The Public Works Director will not issue a permit for emergency digs without a completed application. The application must be submitted to the Town Clerk, and must minimally include a detailed description of the size, type, nature, and extent of the work or construction to be done, the exact location and approximate area where the anticipated work or construction is expected to occur, including the approximate length and width and, if the cut, trench, bore, tunnel, undermine or digging is in a street or alley, whether it is parallel or transverse to the direction of the travel lanes, the name and residential or business address and telephone number for the permittee, the name and residential or business address and telephone number for the project manager or person to oversee and/or manage the anticipated work or construction, the dates of commencement and completion of the work; and the purpose of the work or construction.
Along with the application for a digging permit, an applicant must submit evidence acceptable to the Town that the applicant or person to perform the work or construction has sufficient expertise and ability to timely repair the street, road, or right-of-way and will execute an indemnification and hold harmless agreement to the Town which indemnifies, protects, and the Town from the actions of the applicant or permittee and their agents and representatives in any way arising out of or stemming from their construction or work.
For new construction, an applicant must submit 3 sets of project construction plans at the time of filing an application for a permit. Plans are not required for routine maintenance and service installations. Such plans shall include the location(s), width, and arrangement of the proposed work or construction, the distance between any existing entrances within 100 feet of the proposed work or construction; distance(s) from the center line of the traveled way to any structures, gasoline pumps, or other obstructions within 100 feet of the proposed work or construction; property lines and easements within 100 feet of the proposed work or construction; the length, size and location of existing pipes, culverts, catch basins or manholes, conduit, curbing, curb and gutter, and/or sidewalks, and above ground utilities within 100 feet of the proposed work or construction, and the proposed location of new pipes, conduit, culverts, catch basins or manholes, curbing, work or construction sought to be completed. The construction plans will be promptly reviewed, and a permit will be issued or denied within 30 working days after the application has been properly submitted along with the plans. The applicant is responsible for the engineering and design of its project and construction and the integration of its maintenance and construction responsibilities.
Applicants for permits must present a utility location request number from the Mississippi One-Call Program (811), which meets requirements of notification, except in case of emergencies as defined above.
Non-refundable permit fees under the new ordinance are as follows:
a) Openings, cuts, trenches, bores, tunnelings, underminings, diggings or excavations up to 100 feet—$200; and
b) Openings, cuts, trenches, bores, tunnelings, underminings, diggings or excavations over 100 feet—$1.00/ft for every foot over 100 feet.
Perits requiring the temporary closure of any portion of the Town’s streets or rights-of-way shall be subject to the following fees, which cover application and inspection costs:
a) Streets closed 3 days or less- $15; b) Streets closed 4 days through 30 days—$45; c) Streets closed 31 days through 90days—$65, plus $1.00 per day. Closures in excess of 90 days are prohibited.
The Public Works Director or his designee, may waive any or all permit fees for work performed by a governmental agency, whether this work is performed by employees of the governmental agency or by a private firm or corporation under contract with the governmental agency. However, such governmental agency or private firm or corporation under contract therewith shall not be relieved of the responsibilities for obtaining a permit for work covered in this Ordinance as well as complying with all other provisions herein not in conflict with state or federal law.
Before any permit under this article may be issued, the applicant must post a bond payable to the Town or a certified check available to the Town in an amount equal to 150% of the estimated construction cost as submitted by the engineer of record and approved by the Public Works Director. Such bond must be valid for at least 2 years from the date of completion of the project. Such bond or check shall be utilized to repair any damage caused by applicant or its subcontractors or agents or any lack of sufficient or adequate resurfacing and/or restoration.
Replacement of improvements necessitated by work authorized by a permit shall be made in accordance with prevailing and governing industry standards, codes, regulations, and laws at the time of the replacement. If a sidewalk, curb, and/or gutter were damaged by the permittee, the permittee shall be responsible for all costs associated with its replacement in accordance with America with Disabilities Act Standards.
Any person violating any of the provisions of this article shall be guilty of a misdemeanor. Each person shall be deemed guilty of a separate offense for each and every day or portion thereof during which any violation of any of the provisions of this article is committed or permitted. Upon conviction of any such violation, such person may be punished by a fine of not more than $1,000 or imprisonment for a term not exceeding 90 days for each violation and will not be eligible to receive another permit.
The Board may waive the application of this ordinance in the following circumstances:
a) Existing or proposed joint-utility construction projects where two or more utilities utilize common infrastructure in a Town-approved district.
b) The provision by a telecommunications provider of 1.0 gigabyte or greater of fiber-to-the home (FTTH) in designated areas of the Town as agreed to by the Town and telecommunications provider.
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Error! There was an error processing your request. | https://www.djournal.com/sentinel/news/ashland-passes-ordinance-regulating-the-management-of-streets-trenching-and-rights-of-way/article_5fc519c8-d6a9-51b7-83bf-b0751d85fbca.html | 2022-07-27T10:01:36Z | https://www.djournal.com/sentinel/news/ashland-passes-ordinance-regulating-the-management-of-streets-trenching-and-rights-of-way/article_5fc519c8-d6a9-51b7-83bf-b0751d85fbca.html | true |
Happy Huening Bahiyyih Day: 5 random facts about Kep1er’s charismatic member
On this joyous occasion, let’s get to know the rookie K-Pop idol who has become popular for her dance and visuals!
Kep1er is a 9 member K-pop project girl group formed through the Mnet survival show Girls Planet 999. The group consists of Yujin, Mashiro, Xiaoting, Chaehyun, Dayeon, Hikaru, Huening Bahiyyih, Youngeun, and Yeseo. The final lineup was announced on October 22, 2021, during the final episode of Girls Planet 999. The group is managed by WAKEONE Entertainment and Swing Entertainment. They will promote for 2 years and 6 months starting on their debut date. They officially debuted on January 3, 2022, with the mini-album ‘FIRST IMPACT’ and title track ‘WA DA DA’.
On July 2, 2021, a news article confirmed Huening Bahiyyih's participation as a contestant in the upcoming competitive survival show ‘Girls Planet 999’. Her official profile was released on July 17. The show began airing on August 6 and ended on October 22, 2021. During the show's finale, she was revealed to have ranked 2nd overall, thus making her a member of Kep1er. On October 19, 2021, IST Entertainment confirmed that she is their trainee.
Here are some random facts:
She is part Polish, British and German from her father and Korean from her mother. She can also speak Mandarin, Korean and English.
She is the youngest of the three siblings. Her older sister, Lea, and older brother, Kai, were/are idols in South Korea, with Lea having debuted in VIVA in 2017 and Kai debuting in TOMORROW X TOGETHER in 2019.
Her MBTI personality is ESFJ. It is also known as ‘The Caregiver’ or ‘The Consul’, is one of the 16 personality types identified by the Myers-Briggs Type Indicator. People with an ESFJ personality type tend to be outgoing, loyal, organized, and tender-hearted. ESFJs gain energy from interacting with other people.
Like her brother, she is great at imitations. She can imitate SpongeBob Square Pants.
Her favourite foods are mint chocolate, fried chicken, pasta and assorted fruits.
Join the biggest community of K-Pop fans live on Pinkvilla Rooms to get one step closer to your favourite K-Celebs! Click here to join.
Do her likes and dislikes match yours? Let us know in the comments below. | https://www.pinkvilla.com/entertainment/happy-huening-bahiyyih-day-5-random-facts-about-kep1er-s-charismatic-member-1168210 | 2022-07-27T10:02:32Z | https://www.pinkvilla.com/entertainment/happy-huening-bahiyyih-day-5-random-facts-about-kep1er-s-charismatic-member-1168210 | false |
LONDON, July 27, 2022 /PRNewswire/ -- EQONEX Limited (NASDAQ:EQOS), a digital assets financial services company, is investing in its Asset Management business with new senior appointments in key regions earmarked for growth. Nick Cogswell has been appointed to the role of Head of Sales, Asset Management, based in London, and Franklin Heng, will drive the company's Asian asset management products strategy as the Head of Asset Management Asia, based in Hong Kong. Both appointments are effective immediately.
EQONEX is directing significant resources and investment into building its Asset Management business, as part of its ambition to deliver a leading digital assets investment platform. EQONEX Asset Management encompasses key business lines including Investment Products, Structured Products, Bletchley Park, a fund of crypto hedge funds, and Lending.
The new hires follow the listing of EQONEX's first exchange-trade product, a Bitcoin Exchange Traded Note (ETN) on the Deutsche Börse XETRA Exchange, earlier this month. Further ETNs are expected to list in the coming months, together with the launch of the EQONEX Structured Products business.
Nick will be responsible for driving growth across the entire Asset Management product suite. Nick joins EQONEX with experience of running his own firm, an FCA regulated investment advisory business where he served as CEO and Managing Director. He brings 20 years' experience in cross asset derivatives sales and structuring, alternative investments, and global structured products, dealing with Institutional investors.
He was previously the Head of Equity Structured Product Sales EMEA at Jefferies and before that ran the Santander Private Banking Structured Product Sales business for the UK. Nick has also held senior roles at both Lehman Brothers and Dresdner Kleinwort Wasserstein.
Franklin will be responsible for growing EQONEX's Asset Management footprint in the Asia Pacific. Franklin joins EQONEX after an eleven-year tenure with Springboard Capital, where he was a Managing Partner and nominated Responsible Officer for regulated activities.
Franklin was previously Managing Director, Head of Equity Derivatives and Structured Products Distribution for The Royal Bank of Scotland, leading the Asia ex-Japan business from Hong Kong. His team distributed structured products to institutional and professional investors and advised them on the use of derivatives and structured products to hedge their risk and enhance returns. Prior to this, he spent seven years at HSBC Hong Kong in various roles including Head of Asia Derivatives (trading and sales) and Head of Wealth Management Sales. Franklin brings 30 years of asset management, derivatives and structured products experience, and he is also a qualified Chartered Accountant.
Nick will work alongside Head of Business Development Matthew Clapp, who is also based in London. Prior to joining EQONEX, Matthew was Head of Institutional Business Development at Levendi Investment Management. Matthew has been involved in the Structured Investment arena for over ten years. With his wide-ranging experience across asset classes, he has developed a deep understanding of the needs and demands of a broad investor base.
Nick, Franklin and Matthew will report to Frank Copplestone, Head of Asset Management at EQONEX, who recently celebrated his first anniversary with the company. Frank is a 30-year veteran of Asset Management and Investment Products holding global roles at Morgan Stanley, Deutsche Bank and Jefferies.
Speaking of the appointments, Frank said: "The last year has been a period of ambitious growth and expansion for EQONEX's Asset Management business, with the listing of our first exchange-traded product in Germany, and the establishment of our strategic partnership with Binance Connect".
"We see tremendous market opportunities across the globe in the digital asset investments space and we are working hard to become a preeminent Asset Management Platform. We are delighted to welcome Nick and Franklin to this growing, talented and highly experienced team. Their wealth of experience in asset management, equity derivatives and structured products will be invaluable in growing our Asset Management business."
Nick added: "I am thrilled to join EQONEX and look forward to leveraging my experience in traditional finance to harness the growing opportunities in the digital asset space. EQONEX is reputable in the marketplace for its highly experienced team, so I'm excited to join them in delivering EQONEX's ambitious product roadmap across structured and investment products and also driving growth for Bletchley Park, the fund of crypto hedge funds."
Franklin commented: "With regulation now finally becoming a reality, EQONEX's commitment to compliance and security, as well as its status as a NASDAQ-listed company, puts it in an ideal position to further differentiate itself from the competition. I am excited to join the team during such an anticipated period of business growth and working with them to define best-in-class digital asset investment products for EQONEX's clients."
About EQONEX Group
EQONEX Limited (NASDAQ: EQOS) is a technology driven digital assets financial services group that provides institutional grade infrastructure and a full suite of trading, custody and asset management solutions to clients. The Group's digital assets ecosystem has been designed to accommodate the needs of institutions and individuals with the same degree of regulatory oversight and security they are accustomed to in traditional financial markets. EQONEX's ecosystem primarily encompasses EQONEX, a digital asset exchange; Digivault, a FCA accredited hot and cold digital assets custodian and an Asset Management arm comprising EQONEX investment Products, EQONEX Structured Products and Bletchley Park Asset Management, a fund of crypto-hedge funds.
For more information visit: https://group.eqonex.com/
Follow EQONEX on social media on Twitter @eqonex, on Facebook @eqonex, and on LinkedIn.
Forward-Looking Information
Any forward-looking statements in this press release are based on available current market material and management's expectations, beliefs and forecasts concerning future events impacting EQONEX. You are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, as well as assumptions, which, if they were to ever materialize or prove incorrect, could cause the results of EQONEX to differ materially from those expressed or implied by such forward-looking statements. The forward-looking statements made in this press release speak only as of the date hereof and we disclaim any obligation, except as required by law, to provide updates, revisions or amendments to any forward-looking statements to reflect changes in our expectations or future events.
View original content:
SOURCE EQONEX | https://www.wflx.com/prnewswire/2022/07/27/eqonex-expands-senior-leadership-ranks-asset-management-it-sets-sights-market-share-growth/ | 2022-07-27T10:02:41Z | https://www.wflx.com/prnewswire/2022/07/27/eqonex-expands-senior-leadership-ranks-asset-management-it-sets-sights-market-share-growth/ | true |
Barr & Trump's soiled reputations
By PeraclesPlease on Sun, 03/20/2022 - 2:48am |Elie Honing leads with Barr's embarrassing, corrupt and revealing texts:
https://cafe.com/elies-note/note-from-elie-bill-barrs-revisionist-bs/
And then there's Barr's dishonest book promotion tour:
Trump immediately declares Barr stupid, which is one way he always gives his accomplices more cred - by criticizing them the must be honest. But no, both Barr and Trump are lying, self-serving shits. As is Bolton, but at least he served more of a purpose. Wait for Pompeo to get going. Who else?
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Comments
Lincoln Project people still trying to do their part, I see:
by artappraiser on Tue, 03/08/2022 - 1:19pm
The Bulwark's stance on the two laid out clear as a bell:
by artappraiser on Tue, 03/08/2022 - 2:38pm
^ got to admit , can't get it out of my mind that if a black guy or an Antifa radical was arrested like that, being told to strip to his undies, we'd never hear the end of the humiliating racist bastard cops thing. (Though I will acknowledge that his tribe is probably bitching a blue streak on the internet somewhere about it, after all they are big players in victim olympics and "ACAB" too.)
by artappraiser on Tue, 03/08/2022 - 6:53pm
this article on the first Jan. 6 trial makes clear how much work and time it takes to collect evidence and defend challenged charges if the defense lawyers are good ones
and that's for someone who was actually on the Capitol grounds. Throw in a pandemic delaying things.
You can't "lock em up" based on accusations in the media or by opposing politicians, that's not the way our system works. If people have the money to pay lawyers and the stamina to have charges hanging over their head while they are challenged, they might just be able to do that to the end of their lives. (Those without the money and/or stamina take the plea deal.)
Yeah, reputation is the thing that is the punishment in the meantime, justly or not. (Hence the common line once an accused is exonerated "where does xxx go to get their reputation back?")
Just sayin'
by artappraiser on Wed, 03/09/2022 - 10:53am
so Merrick Garland finally addresses those NCD-types:
I guess it all depends what your definition of "urgent" is. There's legal system "urgent", and then there's lynch-em-now we-all-know-they're-enemies-and-criminals "urgent", with which it's likely you lose the case....
by artappraiser on Thu, 03/10/2022 - 11:57am
now here's where I as a taxpayer would support some defunding of "police"
by artappraiser on Sat, 03/12/2022 - 12:29pm
It's all Pence's fault. (Perhaps wishing what he calls "the people" would have actually been successful at hanging him?)
by artappraiser on Wed, 03/16/2022 - 7:10pm
she clearly thinks they will not select him as candidate, just using him as a cash cow -
Maggie Haberman also retweeted -
by artappraiser on Mon, 03/21/2022 - 10:01pm
John Dean says (found retweeted by that evil supporter of law and order and policing, Peter Moskos)
by artappraiser on Wed, 03/23/2022 - 7:51pm
Opinion: Forget what you heard. The DOJ’s Jan. 6 probe is moving at a good pace.
By Randall D. Eliason Contributing columnist @ WashingtonPost.com, today at 3:20 p.m. EDT
For months, critics of the Justice Department’s investigation into the events of Jan. 6, 2021, have complained that prosecutors appeared to be focusing only on the rioters at the Capitol and not on higher-level targets. Then this week, we learned that over the past two months prosecutors have issued subpoenas to a number of individuals involved in planning, funding and executing the “Save America” rally, including people close to then-President Donald Trump. The response from the critics has been a mixture of professed relief that something is finally happening and continued complaints that the entire process is still moving too slowly.
I think these critics continue to have it wrong. All indications are that the Justice Department is pursuing this massive, unprecedented investigation methodically and aggressively. I’d argue that the progress has been impressively fast. And now, a little more than a year into the investigation, things are unfolding at an increasingly rapid clip.
There are hard truths behind the old saying about the wheels of justice grinding slowly. Large criminal investigations such as this involve the painstaking process of gathering massive amounts of evidence, assembling successful cases against lower-level participants, persuading them to cooperate, and using that to build progressively more serious cases against higher-level actors. Many of these steps involve reluctant defendants, defense attorneys, judges and court calendars, and they take time.
All indications are that the Jan. 6 investigation is following this classic “up the ladder” model. Initially, we heard primarily about the prosecutions of hundreds of individual rioters. More recently, larger conspiracy indictments of members of the militia groups the Oath Keepers and the Proud Boys brought more serious charges against individuals who played key roles in planning the assault on the Capitol. And now we have news of grand jury subpoenas directed at even higher-level targets, providing additional evidence of the investigative work that is going on out of public view. These are all signs of a large, complex investigation proceeding about as we should expect.
Hopes for fast action at the very top of the ladder were raised this week when U.S. District Judge David O. Carter, hearing a civil case involving efforts to obtain emails from former Trump attorney John Eastman, ruled that it was “more likely than not” Trump himself had committed crimes attempting to overturn the election. I’ve seen even some lawyers suggest that the Justice Department could now simply take the judge’s ruling to the grand jury and get an indictment next week. But that’s not how any of this works.
Sure, getting an indictment is relatively easy if that’s your only goal; the standard is only probable cause. But prosecutors may seek an indictment only if they believe they have evidence that would likely convince a unanimous jury of guilt beyond a reasonable doubt in a trial where that evidence would be subject to challenge and witnesses subject to cross-examination.
Convincing a judge in a civil hearing that a crime “more likely than not” occurred is a walk in the park compared with convicting a defendant at trial. No competent prosecutor would claim that Carter’s ruling means they now have enough to indict. And Carter relied only on information already publicly available, not on some new bombshell evidence. So while his finding was noteworthy, it provides no basis for the Justice Department to abandon its methodical investigation and suddenly rush to indict [....]
by artappraiser on Fri, 04/01/2022 - 5:57pm
Opinion: Trump’s lies are failing in Georgia. That’s good news for all of us.
By Greg Sargent Columnist @WashingtonPost.com, today at 11:15 a.m. EDT
We’re at a hinge point in our politics: In the coming weeks, we will get a clearer sense of the influence that Donald Trump wields over GOP primaries. Nowhere is this more pressing than in Georgia, where Trump has staked a great deal on his endorsements of a slate of Trumpist candidates who are challenging establishment Republican incumbents.
Trump’s candidates may be in trouble, and some observers are interpreting as a sign of his weakening hold on the GOP. But something else is on the ballot, too: Whether running on a vow to subvert future election losses by any means necessary will be a political winner for Republicans going forward.
In a new report on the Georgia primaries, NPR finds that Republicans in the state have little confidence that Trump’s candidate for governor will prevail. Trump has endorsed former senator David Perdue, who is running a primary challenge to sitting Gov. Brian Kemp.
Trump endorsed Perdue for the express reason that Kemp refused to help Trump steal the 2020 election. But Perdue “lags behind Kemp in fundraising and polling,” reports NPR, and Georgia Republicans say Kemp appears likely to hang on.
That’s because Kemp is still seen as conservative, due to things like his opposition to covid-19 mandates and his support for Georgia’s voter suppression law. Republican voters appear to think Kemp delivered for them, despite refusing to irredeemably corrupt himself on Trump’s behalf. Indeed, as Josh Kraushaar reports, Perdue is trailing Kemp even though most GOP voters do know Trump endorsed him, a clear sign his 2020 lies may be falling flat.
If Perdue loses, it will be a comeuppance for one of the sleaziest political hustlers we’ve seen in some time. Perdue’s argument basically amounts to pitching himself as more willing than Kemp to debase himself and corrupt our democracy for the Trumpist cause [....]
by artappraiser on Fri, 04/01/2022 - 6:07pm
Trump gets attention for saying he lost election
BY KELSEY CAROLAN - 04/05/22 3:53 PM ET
If he keeps doing it, that would be his greatest flip-flop yet, YUGE!
by artappraiser on Tue, 04/05/2022 - 6:48pm
I figure she feels she's got to do something like this because if he ever gets some power back, it's off to Putin's gulag for her:
by artappraiser on Thu, 04/07/2022 - 8:45pm
strikes me as: I wannabe like Trump
is more about role model than politics
by artappraiser on Sat, 04/09/2022 - 12:37pm
legal eagle Colin Kalmbacher at "Law & Crime" reporting:
by artappraiser on Sat, 04/09/2022 - 8:10pm
Piers gave The Sun an "exclusive" with a bit more juicy stuff:
by artappraiser on Thu, 04/21/2022 - 3:09am
‘I’ve Had It With This Guy’: G.O.P. Leaders Privately Blasted Trump After Jan. 6
In the days after the attack, Representative Kevin McCarthy planned to tell Mr. Trump to resign. Senator Mitch McConnell told allies impeachment was warranted. But their fury faded fast.
By Alexander Burns and Jonathan Martin April 21, 2022, 5:01 a.m. ET
In the days after the Jan. 6 attack on the Capitol building, the two top Republicans in Congress, Representative Kevin McCarthy and Senator Mitch McConnell, told associates they believed President Trump was responsible for inciting the deadly riot and vowed to drive him from politics. Mr. McCarthy went so far as to say he would push Mr. Trump to resign immediately: “I’ve had it with this guy,” he told a group of Republican leaders.
But within weeks both men backed off an all-out fight with Mr. Trump because they feared retribution from him and his political movement. Their drive to act faded fast as it became clear it would mean difficult votes that would put them at odds with most of their colleagues.
“I didn’t get to be leader by voting with five people in the conference,” Mr. McConnell, the Senate Republican leader, told a friend.
The confidential expressions of outrage from Mr. McCarthy and Mr. McConnell, which have not been previously reported, illustrate the immense gulf between what Republican leaders say privately about Mr. Trump and their public deference to a man whose hold on the party has gone virtually unchallenged for half a decade.
The leaders’ swift retreat in January 2021 represented a capitulation at a moment of extraordinary political weakness for Mr. Trump — perhaps the last and best chance for mainstream Republicans to reclaim control of their party from a leader who had stoked an insurrection against American democracy itself.
This account of the private discussions among Republican leaders in the days after the Jan. 6 attack is adapted from a new book, “This Will Not Pass: Trump, Biden and the Battle for America’s Future,” which draws on hundreds of interviews with lawmakers and officials, and contemporaneous records of pivotal moments in the 2020 presidential campaign.
Mr. McConnell’s office declined to comment. Mark Bednar, a spokesman for Mr. McCarthy, denied that the Republican leader told colleagues he would push Mr. Trump to leave office. “McCarthy never said he’d call Trump to say he should resign,” Mr. Bednar said.
No one embodies the stark accommodation to Mr. Trump more than Mr. McCarthy, a 57-year-old Californian who has long had his sights set on becoming speaker of the House. In public after Jan. 6, Mr. McCarthy issued a careful rebuke of Mr. Trump, saying that he “bears responsibility” for the mob that tried to stop Congress from officially certifying the president’s loss. But he declined to condemn him in sterner language.
In private, Mr. McCarthy went much further.
On a phone call with several other top House Republicans on Jan. 8, Mr. McCarthy said Mr. Trump’s conduct on Jan. 6 had been “atrocious and totally wrong.” He faulted the president for “inciting people” to attack the Capitol, saying that Mr. Trump’s remarks at a rally on the National Mall that day were “not right by any shape or any form.”
During that conversation, Mr. McCarthy inquired about the mechanism for invoking the 25th Amendment — the process whereby the vice president and members of the cabinet can remove a president from office — before concluding that was not a viable option. Mr. McCarthy, who was among those who objected to the election results, was uncertain and indecisive, fretting that the Democratic drive to impeach Mr. Trump would “put more fuel on the fire” of the country’s divisions.
But Mr. McCarthy’s resolve seemed to harden as the gravity of the attack — and the potential political fallout for his party — sank in. Two members of Mr. Trump’s cabinet had quit their posts after the attack and several moderate Republican governors had called for the president’s resignation. Video clips of the riot kept surfacing online, making the raw brutality of the attack ever more vivid in the public mind.
On Jan. 10, Mr. McCarthy spoke again with the leadership team and this time he had a plan in mind.
The Democrats were driving hard at an impeachment resolution, Mr. McCarthy said, and they would have the votes to pass it. Now he planned to call Mr. Trump and tell him it was time for him to go.
“What he did is unacceptable. Nobody can defend that and nobody should defend it,” he told the group.
Mr. McCarthy said he would tell Mr. Trump of the impeachment resolution: “I think this will pass, and it would be my recommendation you should resign.”
McCarthy contemplated a total break with Mr. Trump and his most extreme supporters.
During the same Jan. 10 conversation when he said he would call on Mr. Trump to resign, Mr. McCarthy told other G.O.P. leaders he wished the big tech companies would strip some Republican lawmakers of their social media accounts, as Twitter and Facebook had done with Mr. Trump. Members such as Lauren Boebert of Colorado had done so much to stoke paranoia about the 2020 election and made offensive comments online about the Capitol attack.
“We can’t put up with that,” Mr. McCarthy said, adding, “Can’t they take their Twitter accounts away, too?”
Mr. McCarthy “never said that particular members should be removed from Twitter,” Mr. Bednar said.
Other Republican leaders in the House agreed with Mr. McCarthy that the president’s behavior deserved swift punishment. Representative Steve Scalise of Louisiana, the second-ranking House Republican, said on one call that it was time for the G.O.P. to contemplate a “post-Trump Republican House,” while Representative Tom Emmer of Minnesota, the head of the party’s House campaign committee, suggested censuring Mr. Trump.
Yet none of the men followed through on their tough talk in those private conversations.
In the following days, Mr. McCarthy heard from some Republican lawmakers who advised against confronting Mr. Trump. In one group conversation, Representative Bill Johnson of Ohio cautioned that conservative voters back home “go ballistic” in response to criticism of Mr. Trump, demanding that Republicans instead train their denunciations on Democrats, such as Hillary Clinton and Hunter Biden [....]
by artappraiser on Thu, 04/21/2022 - 6:48am
meanwhile Trump keeping himself busy tonight digging holes at a Heritage conference (retweeted by Rick Wilson)
by artappraiser on Fri, 04/22/2022 - 12:33am
Trump will think they picked those two just to piss him off.
by artappraiser on Fri, 04/22/2022 - 1:11am
Trumpies vs. Desantis fans on culture wars? not exactly a pretty look for the GOP -
by artappraiser on Fri, 04/22/2022 - 5:18pm
^ note NBC title: Jan. 6 revelations will 'blow the roof off the House,' Rep. Jamie Raskin says. The Jan. 6 committee plans to hold hearings in June and aims to have a report out about their investigation by the end of the summer or early fall, Raskin said.
by artappraiser on Fri, 04/22/2022 - 10:34pm
Donald Trump held in contempt for not complying with New York subpoena
Twitter events, 15 minutes ago, lots of coverage at link
On Monday, New York Judge Arthur F. Engoron held former president Donald Trump in contempt for failing to comply with a subpoena related to state attorney general Letitia James' investigation into the Trump Organization. Trump was ordered to turn over materials sought by James and will be fined $10,000 per day until he does so, according to The New York Times.
by artappraiser on Mon, 04/25/2022 - 1:23pm
here's the beginning of the NYT article; I note it could be a nothingburger once again if his lawyers do a good job of handling it
By Jonah E. Bromwich, Ben Protess and William K. Rashbaum
April 25, 2022Updated 1:24 p.m. ET
A New York judge on Monday held Donald J. Trump in contempt of court for failing to turn over documents to the state’s attorney general, an extraordinary rebuke of the former president.
The judge, Arthur F. Engoron, ordered Mr. Trump to comply with a subpoena seeking records and assessed a fine of $10,000 per day until he satisfied the court’s requirements. In essence, the judge concluded that Mr. Trump had failed to cooperate with the attorney general, Letitia James, and follow the court’s orders.
“Mr. Trump: I know you take your business seriously, and I take mine seriously,” said Justice Engoron of State Supreme Court in Manhattan, before he held Mr. Trump in contempt and banged his gavel.
Lawyers for Mr. Trump had argued that they conducted a thorough search for the records being sought by investigators and found no new documents to provide. But Justice Engoron decided that Mr. Trump’s lawyers had not provided sufficient detail about how they searched for records.
The contempt order could be short lived. If Alina Habba, one of Mr. Trump’s lawyers, files a sworn statement detailing every step that was taken to locate potential documents, the judge might be satisfied, lawyers close to the case said. Ms. Habba said after the hearing ended that she intended to file such a statement, potentially by the end of the day.
Ms. Habba also said she intended to appeal the ruling.
At the hearing, Justice Engoron objected to an earlier statement from Mr. Trump’s lawyers regarding their efforts to search for documents, calling it “woefully insufficient” and “boilerplate.”
It failed, he said, to outline “what, who, where, when and how any search was conducted.”
The ruling — and Justice Engoron’s comments — represent a significant victory for Ms. James, whose office is conducting a civil investigation into whether Mr. Trump falsely inflated the value of his assets in annual financial statements.
In January, Ms. James, [....]
by artappraiser on Mon, 04/25/2022 - 1:35pm
CNN exclusive - Mark Meadows’ 2,319 text messages reveal Trump’s inner circle communications before and after January 6
by artappraiser on Mon, 04/25/2022 - 1:40pm
If you made her up as a character for a fictional product, no one would believe it. Too simplistic, pure ditz, only knows how to ape or mime the narrative and when in trouble with that makes ridiculous shit up like about space lasers, Jews and wildfires. Nearly the whole GOP caucus is embarrassed of her and wish she would go away and that's really saying something! She is like those people still going to Trump rallies wearing T-shirts with Jackie O and Lady Di, thinking they are still alive, not smart enough to even get Qanon conspiracies straight, she represents those Trump fans that Mary Trump describes her uncle as despising and looking down on. Lauren Brobert is light years street smart/savvier than her but sometimes gets carried away acting childishly goofy in a sandbox with Margerie, same for Gaetz. What boggles my mind is what the voters must be like in her district to send her to the House for them--is it all a joke to them, is that it?
I'll stop now
by artappraiser on Mon, 04/25/2022 - 9:43pm
there's a new nickname for Trump trending on Twitter: "Velveeta Voldemort"
by artappraiser on Tue, 04/26/2022 - 6:49pm
FWIW #DementiaDon currently trending on Twitter, stemming from reaction to his Nebraska rally
by artappraiser on Mon, 05/02/2022 - 3:41am
as a reminder, a list of others in his cabinet who complained similarly by Sept. 2018
‘Idiot,’ ‘Dope,’ ‘Moron’: How Trump’s aides have insulted the boss
by artappraiser on Thu, 05/05/2022 - 10:01pm
One of the ugliest right-wing lies about Jan. 6 is imploding. By Greg Sargent @ WashingtonPost.com. Today at 11:13 a.m. ET. Is an excellent summary, including links to all the recent finds/scoops by NYTimes, re: FBI, Epps. etc.
by artappraiser on Fri, 05/06/2022 - 2:02pm
having some fun pointing out Trump grifting, chapter 2,926:
by artappraiser on Sat, 05/07/2022 - 6:42pm
leaked emails from Trump's lawyer show blueprint for 2024 coup - Greg Sargent @ WaPo -
by artappraiser on Thu, 05/12/2022 - 12:01am
amazingly blatant, at least Leona only voiced the tax quote privately
by artappraiser on Fri, 06/10/2022 - 2:20pm
and the genius The Donald thought he could manipulate Bob:
by artappraiser on Tue, 06/07/2022 - 7:49pm
Funny that you put Trump and Barr on equal footing here but we learn tonight that Ivanka thinks Barr is far more trustworthy than dear old dad.
by artappraiser on Thu, 06/09/2022 - 10:45pm
The former president, responding to videotaped testimony played at the Jan. 6 hearing, said Ivanka Trump had been “checked out” and was not involved in studying the election results.
By Maggie Haberman @NYTimes.com
by artappraiser on Tue, 06/14/2022 - 5:55am
ratings! yuge!
and making that joke made me think: bodes well for Liz Cheney's future in politics?
by artappraiser on Fri, 06/10/2022 - 6:20pm
Lincoln Project going with playing up how Trump was okay with Pence being killed or whatever:
by artappraiser on Thu, 06/16/2022 - 10:17pm
Nearly 6 In 10 Americans Want Trump Charged For Insurrection: Poll
The ABC News/Ipsos poll also found that 60% of those surveyed believed the House select committee is conducting a "fair and impartial" investigation.
@ HuffPost, Jun 19, 2022, 07:30 PM EDT
by artappraiser on Mon, 06/20/2022 - 9:44pm
a reminder that Kanye West's publicist was a major part of harassing the now famous Ruby Freeman
So much for the 'black community' thing.
How many ways does one have to point out that everything is not about racism before people stop it?
by artappraiser on Wed, 06/22/2022 - 4:55am
a dozen Feds raid Jeffrey Clark's home pre-dawn while he stands outside in his pajamas
by artappraiser on Thu, 06/23/2022 - 3:01pm
actually DOJ subpoenas galore today, mass quantities of subpoenas about fake electors allover the country
by artappraiser on Thu, 06/23/2022 - 11:27pm
the pertinent excerpt from Seth Abramson (groaning mega-thread, ready to crash):
by artappraiser on Thu, 06/23/2022 - 4:48pm
Grifting as bad as the worst televangelists of the past:
by artappraiser on Sun, 06/26/2022 - 6:17pm
btw, Ali Alexander wanted very much to testify in public to the Jan. 6 committee but they denied him. And nobody knows who the surprise witness Tues. will be:
by artappraiser on Tue, 06/28/2022 - 12:44am
Interesting side discussion to above on the Secret Service:
finally, great point that the word "secret" has a meaning
by artappraiser on Tue, 06/28/2022 - 4:39pm
"who spoke on the condition of anonymity due to an ongoing investigation"
I suspect we often don't hear more because of the underlined! Any decent lawyer would tell their client that loose lips sink ships, STFU.
by artappraiser on Fri, 07/01/2022 - 5:51pm
Ah, interesting here, Maggie is basically saying here that Hutchinson was not a source of hers for all the leaks she got during the Trump presidency, that others were but are not as brave:
by artappraiser on Tue, 06/28/2022 - 5:52pm
WOW Rep. Nadler to House Judiciary Twitter account on Twitter:
I found that because I saw this quote tweet:
by artappraiser on Tue, 06/28/2022 - 7:51pm
How the Jan. 6 panel's star witness drew a roadmap for Trump’s culpability
Cassidy Hutchinson wasn’t a household name before Tuesday, but it seems unlikely she’ll remain in obscurity after her testimony.
By KYLE CHENEY and NICHOLAS WU @ Politico.com, 06/28/2022 06:14 PM EDT
The Jan. 6 select committee made a big bet on Cassidy Hutchinson. She delivered on Tuesday — and then some.
With what may prove the most damning testimony about a sitting president’s actions in American history, the former right hand of ex-White House chief of staff Mark Meadows stitched together every element of the panel’s case against Donald Trump. The Capitol riot committee has painted the former president’s potential criminal culpability for his effort to overturn the election in stark hues: investigators have portrayed Trump fuming atop an increasingly conspiracy-addled West Wing and working to corrupt the peaceful transfer of power at any cost.
Yet it was their sixth hearing that most clearly cast Trump as a uniquely pernicious force, thanks to a soft-spoken but bell-clear witness [....]
edit to add:
Law and Order | Opinion | Did Cassidy Hutchinson Just Hand the Jan. 6 Committee Its ‘Smoking Gun’?
Donald Trump’s determination to lead his armed followers to march on the Capitol demonstrates the state of mind necessary to prove crimes such as incitement and obstruction.
by RENATO MARIOTTI @ Politico Magazine, 06/28/2022 07:11 PM EDT Renato Mariotti is the Legal Affairs Columnist for POLITICO Magazine. He is a former federal prosecutor and host of the “On Topic” podcast.
Anyone who has paid attention during Donald Trump’s presidency knows that “explosive” revelations don’t always mean that legal consequences will follow. But Cassidy Hutchinson’s testimony Tuesday actually moved the ball forward significantly toward a potential criminal prosecution of the former president.
Up until today, the most damning evidence we’ve seen publicly has been the actions of the crooked lawyers advising Trump, like John Eastman, Rudy Giuliani and Jeffrey Clark. I’ve previously written that they are the “weak link” for Trump because they made false statements to the government and face potential charges connected to those false statements. DOJ often charges false statements, and they are straightforward cases to prove.
But what makes today’s testimony from Hutchinson, an aide to former Chief of Staff Mark Meadows, different is that it included damning testimony that gives us a window into Trump’s state of mind that would be admissible in court against Trump. Hutchinson was present for conversations involving the president on Jan. 6 in which he clearly announced his disregard for potential violence by his supporters, and she heard firsthand from people who described the president’s fury at being told he could not lead his followers on their march to the Capitol where the presidential vote was to be certified.
As I’ve explained previously, it could be difficult to prove beyond a reasonable doubt that Trump had the “corrupt” state of mind needed to convict him, for example, of obstructing an official proceeding.
In addition, a prosecution of Trump for inciting violence would face a serious First Amendment hurdle [....]
by artappraiser on Tue, 06/28/2022 - 8:31pm
interesting that the Committee tweeted a clip of Kinzinger on Colbert's show
by artappraiser on Tue, 07/05/2022 - 10:24pm
Well it takes one to know a much worse one. I definitely thought that the quote was in the spirit of the title of your thread. They all thought he coulda been a contender and he turned out to be such an incredible gobsmacking village idiot. I think of Rex Tillerson as another example of the syndrome - what was he even thinking taking that job?
by artappraiser on Sun, 07/10/2022 - 1:01pm
At this rate, there's a danger of running out of people he approves of:
by artappraiser on Sun, 07/10/2022 - 10:21pm
excellent point by Marcie:
calling them white supremacist never really did sit right with me. Sure, there are some but it's inaccurate, doesn't get you to the truth and full understanding. Oathkeepers especially have more of a libertarian extremist thing going on.
by artappraiser on Tue, 07/12/2022 - 10:05am
GUEST ESSAY: I Was Betrayed by President Trump
By Aquilino Gonell @ NYTimes.com, July 10, 2022
Mr. Gonell is a sergeant in the Capitol Police and was injured during the Jan. 6 riot.
by artappraiser on Mon, 07/11/2022 - 9:46pm
Black cop who shot white rioter in country saddled by systemic racism
...cleared of wrongdoing by the Justice Department and the Capitol Police. In announcing its decision not to charge him, the Justice Department said in April that investigators had examined video, physical evidence from the scene, autopsy results and statements from the officer involved, as well as other officers and witnesses....
by artappraiser on Thu, 07/14/2022 - 2:09pm
that is so interesting, as Barr suggested about PA, and then the Roll Call study
Beyond Pennsylvania, a statistical analysis from Roll Call found that Trump underperformed the average GOP candidate in other states such as Georgia, Florida, Nevada, North Carolina, Ohio, Texas, and Wisconsin.
these are important swing states or swingy ones at the very least SO the question for me is WHY DOES TRUMP and his fans have such a hold on so many in the GOP, why are so many so afraid to go against him? He's literally a loser! At the bottom of the party, not at the top, but so many still treat him like a leader.
by artappraiser on Fri, 07/15/2022 - 1:40am
For both the #ACAB crew and the1/6 gang -
not to mention the Amerika haters and a special reminder for all of you who were making the presumption on 1/6 that they were welcoming protesters because they were white Trump supporters (note #goodtrouble in his twitter handle description)
by artappraiser on Sat, 07/16/2022 - 3:01pm
Needed to be said. Sick of the hypocrisy about rioting. He didn't use the "cry of the unheard" excuse, though he could have. The 1/6 rioters at least had an ideology about being cheated and a goal to rectify that beyond than just looting the local designer sneaker store
by artappraiser on Sun, 07/17/2022 - 1:36am
copying NYTimes' Ray Epps story here so I can delete it from the InTheNews menu
by artappraiser on Wed, 07/20/2022 - 12:35am
Sarah herself in June
at the same time, she retweeted this by former Trump staffer Chris Krebs:
by artappraiser on Fri, 07/22/2022 - 11:43pm
more Murtagh:
I think what Dems need to take away from this is that uncynical support of law enforcement is still very much a part of the GOP (and law enforcement officers know it, too!)
by artappraiser on Sat, 07/23/2022 - 10:16pm
Trump currently at AZ rally, the meme is victimhood forever
hilarious point (maybe it's the arena's nod to Ivana?)
by artappraiser on Sat, 07/23/2022 - 12:58am
Like Mary Trump, Maggie notices the sick syndrome when she sees it:
by artappraiser on Sat, 07/23/2022 - 5:13pm
My druthers is that Kinzinger shouldn't feed the trolls, but then again, what do I know?
by artappraiser on Sat, 07/23/2022 - 6:32pm
Pence’s Security Agents Feared for Their Lives, Official Recounts
By The New York Times•July 22, 2022
An anonymous White House official testified to the Jan. 6 committee that Secret Service agents protecting Mike Pence grew fearful as rioters drew near. The committee masked the official’s voice.
by artappraiser on Sun, 07/24/2022 - 1:53am
Interesting that Biden is choosing to gingerly start commenting now:
by artappraiser on Wed, 07/27/2022 - 3:08am | http://dagblog.com/comment/319120 | 2022-07-27T10:10:20Z | http://dagblog.com/comment/319120 | false |
Downtown On the Go press release. Tacoma – Join Downtown On the Go (DOTG) and 2nd Cycle for the free Hilltop Family Bike Day on Saturday, August 6 from 11am-2pm! Enjoy a fun, youth-friendly bike obstacle course, a four (4) mile family-friendly bike ride through the neighborhood at noon, and ice cream provided by Hilltop Action Coalition. Whether you’re an experienced cyclist, or you’re just getting started, this event is accessible for everyone. The obstacle course will be setup in the parking lot of the Tacoma Urban Performing Arts Center (T.U.P.A.C.) at 1105 Martin Luther King Jr. Way, and the bike ride will start there at noon. The casual ride will be led by DOTG Bike Committee members and will highlight parks and other landmarks in the neighborhood. The ride is a great way to learn about Hilltop and to see how so much of Tacoma is accessible by bike. What better way to experience summertime than getting out on your bike? Register here for free! | https://www.newsbreak.com/news/2677188948302/lend-a-hand-print-to-blm-mural-july-30 | 2022-07-27T10:13:52Z | https://www.newsbreak.com/news/2677188948302/lend-a-hand-print-to-blm-mural-july-30 | true |
Freya was most recently seen in Norway lounging on boats and sunbathing. At 1,300 pounds, that's a little too much heft for some boats. She's caused several to sink.
Copyright 2022 NPR
Freya was most recently seen in Norway lounging on boats and sunbathing. At 1,300 pounds, that's a little too much heft for some boats. She's caused several to sink.
Copyright 2022 NPR | https://www.wunc.org/2022-07-27/a-walrus-nicknamed-freya-is-causing-chaos-during-her-naps-in-northern-europe | 2022-07-27T10:14:53Z | https://www.wunc.org/2022-07-27/a-walrus-nicknamed-freya-is-causing-chaos-during-her-naps-in-northern-europe | true |
Commonwealth Games
Commonwealth Games 2022: Punjab & Haryana top state-wise representation
There will be 215 athletes representing India at the Birmingham Commonwealth Games 2022. We take a look at the number of athletes going to CWG 2022 from each state.
With India sending 215 athletes to the upcoming Birmingham Commonwealth Games 2022, there will be athletes coming from every nook and cranny of the country, who are all ready to hoist the tricolour high in their various sports.
Beginning on July 28th at Birmingham, India will see most athletes coming from the northern half of India as quite unsurprisingly, Haryana and Punjab lead the pack with as many as 60 athletes. While Bajrang Punia, and Ravi Dahiya, and members of the Indian hockey team come from this belt, there are players from the far-flung Andaman and Nicobar as well as the likes of cyclists Esow Alben and David Beckham.
The North-East will also see a steady representation in the form of weightlifters Mirabai Chanu, and boxer Lovlina Borgohain, while South India will see forces like PV Sindhu, and Nikhat Zareen, Sharath Kamal coming to the fore.
Here's how each state of India is represented at the Birmingham Commonwealth Games 2022: | https://thebridge.in/commonwealth-games/state-wise-india-representation-cwg-2022-punjab-haryana-33710 | 2022-07-27T10:14:53Z | https://thebridge.in/commonwealth-games/state-wise-india-representation-cwg-2022-punjab-haryana-33710 | false |
Known for popular sitcoms such as All in the Family and The Jeffersons, Lear has no intention of slowing down. He will be executive producing the remake of his series Mary Hartman, Mary Hartman.
Copyright 2022 NPR
Known for popular sitcoms such as All in the Family and The Jeffersons, Lear has no intention of slowing down. He will be executive producing the remake of his series Mary Hartman, Mary Hartman.
Copyright 2022 NPR | https://www.wshu.org/2022-07-27/happy-birthday-legendary-tv-producer-norman-lear-turns-100 | 2022-07-27T10:22:34Z | https://www.wshu.org/2022-07-27/happy-birthday-legendary-tv-producer-norman-lear-turns-100 | false |
GSK boosts profit expectations on bounce back in specialty medicine demand and record sales of its shingles vaccine
GlaxoSmithKline (GSK) has boosted full-year profit expectations on the back of strong specialty medicine sales and the success of its Shingrix vaccine.
The drugs giant's second quarter turnover rose 13 per cent to £6.9billion, and GSK now expects sales to grow by 6 to 8 per cent and adjusted operating profit to climb by 13 to 15 per cent on 2021 levels, excluding Covid-19 revenues.
GSK had previously expected annual sales growth of 5 to 7 per cent and adjusted operating profit growth of 12 to 14 per cent.
Splitting up: the demerger of consumer business Haleon from the group added a dividend of over £7 billion to GSK's finances.
This quarter, shingles vaccine Shingrix generated £731million for the company, outstripping the GSK-compiled consensus estimate of £610 million. Turnover for the first half of the year rose to £14.1billion; an increase of 28 per cent.
The company expects strong double-digit growth and record annual sales in 2022 from the vaccine, based on strong demand in existing markets and continued geographical expansion.
The results come days after the company spun-out consumer business Haleon, a move which provided a dividend of more than £7billion for the group's investors.
A 16.25p dividend was announced, bringing the total for the half to 27.5p.
Emma Walmsley, chief executive of GSK, said: 'This is GSK's first set of results as a newly focused biopharma company, and we have delivered an excellent second quarter performance, with strong growth in Specialty Medicines, including HIV, and a record quarter for our shingles vaccine Shingrix.
'With this momentum in sales and operating profit growth, we have raised our full-year guidance and are confident in delivering the long-term growth outlooks we set out for shareholders last year.
'We continue to strengthen our pipeline, notably with very positive high-level results from our late-stage RSV vaccine candidate, together with targeted business development acquisitions of Sierra Oncology and Affinivax.
'These improvements in R&D and operating performance, together with a strengthened post-demerger balance sheet, create new capacity and flexibility for GSK to invest in growth and innovation for patients and shareholders.'
GSK shares rose in early trading, increasing 0.46 per cent to 1,763.2p, bringing gains to 9.27 per cent for the year to date.
However, the pharmaceutical giant said it expected to see lower reported growth in the second half of the year, compared to the same period in 2021, due to increased spending on research and development as well as the uncertain macro-economic conditions and the ongoing threat from Covid-19.
Its pandemic solutions business has also slowed as the public health consequences of the virus has abated, while the withdrawal of authorisation for antibody medicine Xevudy in the US has also taken its toll.
Second-quarter Xevudy sales fell to £466million, after generating about £1.3billion in the first quarter – a drop of 64 per cent.
Sales of antiviral Covid-19 drug Xevudy has fallen sharply in Q2, down 64%, as USA regulators withdrew authorisation for the medicine.
Equity analyst at Hargreaves Lansdown Laura Hoy said: 'GSK's first set of results without its consumer healthcare arm Haleon under the umbrella were promising.
'The group's captialising on a return to more normal buying patterns following the pandemic as lower priority vaccines for conditions like Shingles are back in demand and the antibiotics market recovers.
'GSK's also making good on promises to grow Specialty Medicines through a portfolio of new HIV drugs, which contributed over a third to the division's revenue growth in the second quarter.
'All of this supported improved guidance for the full year, suggesting the leaner organization is more nimble than expected.
'The rosy results received tepid reaction from markets as worries about a looming prolonged downturn continued to weigh. While GSK is in many ways insulated from the impact of a recession—healthcare falls firmly into the essentials bucket—the group's not immune.
'Drug pricing remains a hot topic for debate in the group's largest market, the US. As lawmakers look for ways to ease the cost of living crisis, they could put big pharma back in the hot-seat.'
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- Financial calculators | https://www.dailymail.co.uk/money/markets/article-11053229/GSK-boosts-profit-expectations-record-sales-shingles-vaccine.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-07-27T10:23:13Z | https://www.dailymail.co.uk/money/markets/article-11053229/GSK-boosts-profit-expectations-record-sales-shingles-vaccine.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false |
NEW YORK, July 27, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Tupperware Brands Corporation.
Shareholders who purchased shares of TUP during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CLASS PERIOD: November 3, 2021 to May 3, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) Tupperware was facing significant challenges in maintaining its earnings and sales performance; (ii) accordingly, Tupperware's full-year 2022 guidance was unrealistic and/or unsustainable; (iii) all the foregoing, once revealed, was likely to have a material negative impact on Tupperware's financial condition; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
DEADLINE: August 15, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/tupperware-brands-corporation-loss-submission-form-2/?id=30245&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of TUP during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is August 15, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content:
SOURCE The Gross Law Firm | https://www.valleynewslive.com/prnewswire/2022/07/27/shareholder-alert-gross-law-firm-notifies-shareholders-tupperware-brands-corporation-class-action-lawsuit-lead-plaintiff-deadline-august-15-2022-nyse-tup/ | 2022-07-27T10:23:13Z | https://www.valleynewslive.com/prnewswire/2022/07/27/shareholder-alert-gross-law-firm-notifies-shareholders-tupperware-brands-corporation-class-action-lawsuit-lead-plaintiff-deadline-august-15-2022-nyse-tup/ | false |
GENEVA, July 27, 2022 /PRNewswire/ -- Pioneering micro-video social platform Coub.com is moving into Web3 with the launch of an innovative Watch-to-Earn content monetization model and the industry's first NFT marketplace offering NFTs that are already generating rewards for collectors in Q3, 2022.
Coub.com pioneered the very first meme video clips long before TikTok and Instagram Reels began to surface and has been amassing quite a considerable following since 2012, boasting a community of over 106 million yearly active users. Now, for its 10-year anniversary, the platform is tapping into the world of Web3 with a brand new concept — Watch-to-Earn (W2E) — which will enable those who create and watch videos to instantly get rewarded for every view, like, comment, and share.
The transition to W2E will be carried out smoothly without changing the user experience, with a new feature — a tangible value tied to each of the coubs created, which will be displayed for 12+ million unique clips at Coub.com. The team are looking to ensure a smooth transition with innovative implementations, such as non-custodial Coub Wallets natively provided to all users. Another addition, the NFT Marketplace, will offer advanced monetization tools allowing creators not only to capitalize on the success of video clips but also to convert them into NFTs that can be later sold.
Through the launch of the NFT Marketplace, Coub.com is introducing a new class of collectable NFT assets, which offer quantifiable ownership benefits to collectors. Each Coub NFT contains not just media assets but also a proportionate share of all future W2E earnings from the purchased NFT. All the NFTs also bear an inherent value that Coub users can assess on the basis of content statistics collected and proven by the blockchain. This gives buyers an accurate tool for assessing the real market value of an NFT and predicting its future income, which continues to be generated after the owner changes.
To complete the final transition to the Web3 architecture, Coub.com will introduce CoubDAO — a Decentralized Autonomous Organization — that will enable creators and viewers to participate in the governance of the platform. Users will be able to propose and vote on any changes and upgrades to the platform using two tokens — vCOUB (tokens rewarded for activity on the platform) and COUB (utility tokens that can be used for trading NFTs and unlocking additional W2E opportunities). The integration of a DAO architecture will allow Coub.com to strengthen its community-driven focus and make millions of creators and viewers not just platform users, but a part of its ongoing growth.
The platform team has spent a number of months thoroughly researching, designing, and implementing a robust and secure on-chain infrastructure that will sit behind the W2E and NFT Marketplace. To address questions surrounding the legal framework at play when monetizing artwork, the platform plans to implement an innovative on/off-chain legal system with a ContentID engine that will ensure the fair tracking of royalties and provide creators with convenient music library to pick soundtracks for their coubs. The platform is also cooperating with a leading blockchain security audit firm to ensure that it can handle the 106 million+ users currently involved with the platform.
The launch of Coub's Watch-to-Earn platform will entail the introduction of extensive functionalities and new modules throughout the second and third quarters of 2022. Users who want to avail early-bird benefits
can access a wait list which is now open on the website.
About Coub.com
Coub.com is known for its 10-second looped videos dubbed 'coubs'. They are created using a powerful HTML5 Editor through Coub.com, where users can mix and cut up to 10 different videos from all across the web. Coubs may be embedded on all leading social media platforms, messengers and blogs, which means that traffic may be derived from all corners of the internet.
Launched in April 2012, Coub instantly went viral, with its fan base surpassing 45 million users within two years of launch. It effectively paved the way for the success of Vine in 2013, Musical.ly in 2014, Periscope in 2015 and eventually TikTok in 2017.
Coub now boasts over 12 million unique videos that are available to watch on the platform, generating over 650 million views monthly. In April 2022, the platform was acquired by a private Swiss tech company.
Visit coub.com/litepaper to learn more about the platform.
Brand and mediakit: https://coub.com/nft#/brand
Twitter: https://twitter.com/coub
Facebook: https://www.facebook.com/thecoub/
Discord: http://discord.gg/coub
Telegram: https://t.me/coubcommunity
Medium: https://medium.com/@coub
Reddit: https://www.reddit.com/r/coubs/
View original content:
SOURCE Coub.com | https://www.wkyt.com/prnewswire/2022/07/27/coubcom-platform-pioneer-short-video-clips-seamlessly-integrates-watch-to-earn-monetization-its-100m-users/ | 2022-07-27T10:27:26Z | https://www.wkyt.com/prnewswire/2022/07/27/coubcom-platform-pioneer-short-video-clips-seamlessly-integrates-watch-to-earn-monetization-its-100m-users/ | true |
NEW YORK, July 27, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Outset Medical, Inc..
Shareholders who purchased shares of OM during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/outset-medical-inc-loss-submission-form/?id=30252&from=4
CLASS PERIOD: This lawsuit is on behalf of all persons or entities who purchased Outset Medical common stock between September 15, 2020, and June 13, 2022.
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) the Company's flagship product, Tablo Hemodialysis System ("Tablo"), would require an additional 510(k) application to be filed with The United States Food and Drug Administration ("FDA"), as defendants had "continuously made improvements and updates to Tablo over time since its original clearance"; (2) as a result, the Company could not conduct a human factors study on a cleared device in accordance with FDA protocols; (3) the Company's inability to conduct the human factors study subjected the Company to the likelihood of the FDA imposing a "shipment hold" and marketing suspension, leaving the Company unable to sell Tablo for home use; and (4) as a result, defendants' positive statements about the Company's business, operations, and prospects were materially false and misleading and /or lacked a reasonable basis at all relevant times.
DEADLINE: September 6, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/outset-medical-inc-loss-submission-form/?id=30252&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of OM during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is September 6, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
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SOURCE The Gross Law Firm | https://www.wkyt.com/prnewswire/2022/07/27/shareholder-alert-gross-law-firm-notifies-shareholders-outset-medical-inc-class-action-lawsuit-lead-plaintiff-deadline-september-6-2022-nasdaq-om/ | 2022-07-27T10:30:32Z | https://www.wkyt.com/prnewswire/2022/07/27/shareholder-alert-gross-law-firm-notifies-shareholders-outset-medical-inc-class-action-lawsuit-lead-plaintiff-deadline-september-6-2022-nasdaq-om/ | true |
Putin's troops shoot down their OWN helicopter in Kherson after it mistakenly attacked them - as Ukraine cuts off Russian forces in the province by blowing up a bridge with US-supplied HIMARS missiles
- The Ka-52 'Alligator' helicopter was flown over Russian soldiers in Kherson
- It mistakenly started firing at them and they shot back at the £12m chopper
- The helicopter was shot down as Ukraine hailed the 'gesture of goodwill'
Putin's blundering forces have shot down their own helicopter in Ukraine after it mistakenly started firing at its own troops.
The Ka-52 'Alligator' helicopter, which costs an estimated £12million, was gunned down in Kherson, Ukraine's General Staff revealed.
The military bosses joked it was a 'gesture of goodwill' from the invading forces.
Putin's blundering forces have shot down their own helicopter in Ukraine after mistakenly thinking it was attacking them (file image of a Ka-52)
They reported that three of the helicopters were flown over the occupied region and started to shoot at the Russian troops stationed below.
They returned fire and shot down one of the choppers in what is just the latest embarrassing blow for Putin's men.
Just last week, Russia shot down its own £35million Su-34M fighter jet in Ukraine.
Soldiers were trying to target the US-supplied HIMARS rocket launchers which have wreaked havoc since they were given to the defending forces.
But instead they shot the bomber which fell from the skies over Alchevsk, in Luhansk.
Russia shot down a rare $40million Su-34M fighter-bomber in the skies over eastern Ukraine, after wreckage was spotted near the town of Alchevsk, last week
Video of the wreck on the ground emerged the following day and revealed the words 'Russian Aerospace Forces' written down the side of the aircraft.
It comes as Ukrainian artillery hit a strategic bridge essential for Moscow to supply its forces, using a US-supplied precision rocket system.
The Ukrainian military struck the Antonivskyi Bridge across the Dnieper River in southern Ukraine late Tuesday, the deputy head of the Moscow-appointed administration for the Kherson region, Kirill Stremousov, said.
He said Wednesday the bridge was still standing but its deck was pierced with holes, preventing vehicles from crossing.
The 0.9-mile bridge sustained serious damage in Ukrainian shelling last week, when it took multiple hits. It was closed for trucks but had remained open for passenger vehicles until the latest strike.
Ukrainian forces used US-supplied HIMARS multiple rocket launchers to hit the bridge, Stremousov said.
The HIMARS system has precision strike capability and has added a more modern technological edge to Ukraine's dated military assets.
The Russian army has used the Antonivskiy bridge over the Dnipro River as a key resupply route into Kherson
The HIMARS have a longer range, a much better precision and a faster rate of fire compared with Soviet-designed Smerch, Uragan and Tornado multiple rocket launchers used by both Russia and Ukraine.
The billions of dollars in Western military assistance have been crucial for Ukraine's efforts to fend off Russian attacks, but officials in Kyiv say the numbers are still too small to turn the tide of the war.
While halting traffic across the bridge, at least temporarily, makes only a slight dent in the overall Russian military operation, the strike showed Russian forces are vulnerable and was a minor triumph for Ukrainians.
The bridge is the main crossing across the Dnieper River in the Kherson region. The only other option is a dam at the hydroelectric plant in Kakhovka, which also came under Ukrainian fire last week but has remained open for traffic.
Knocking the crossings out would make it hard for the Russian military to keep supplying its forces in the region amid repeated Ukrainian attacks.
Early in the war, Russian troops quickly overran the Kherson region just north of the Crimean Peninsula that Russia annexed in 2014. They have faced Ukrainian counterattacks, but have largely held their ground.
Kyiv's forces hit a key Russian-held bridge overnight in the occupied southern city during a counter-offensive
The accurate targeting of the bridge contrasted with Russia's indiscriminate shelling of civilian areas since the invasion five months ago.
The governor of Dnipropetrovsk, in the central eastern area of Ukraine, said Wednesday that Russian forces struck two regions with artillery. Gov. Valentyn Reznichenko said that in the town of Marhanets, a woman was wounded and several apartment buildings, a hospital and a school were damaged by the shelling.
'Chaotic shelling has no other goal but to sow panic and fear among the civilian population,' he said.
The Ukrainian attacks on the bridge in Kherson come as the bulk of the Russian forces are stuck in the fighting in Ukraine's eastern industrial heartland of Donbas where they have made slow gains in the face of ferocious Ukrainian resistance.
A rescuer walks among debris at a site of a residential area destroyed by a Russian military strike, as Russia's attack on Ukraine continues, in the town of Toretsk
Russian forces kept up their artillery barrage in the eastern Donetsk region, targeting towns and villages, according to regional governor Pavlo Kyrylenko.
'The Russian army is using scorched earth tactics in attacking the Ukrainian cities,' Kyrylenko said in televised remarks.
He said the region is without gas and power, while water supplies to some areas also have been cut.
In Bakhmut, a key city on the front line of the Russian offensive, the shelling damaged a hotel and caused casualties, Kyrylenko said. A rescue operation was under way.
Amid Moscow's push to take full control of the eastern Donetsk and Luhansk regions, Russians have gained marginal ground northeast of Bakhmut, according to a Washington D.C.-based think tank.
Russian forces, however, are unlikely to occupy significant additional territory in Ukraine 'before the early autumn,' the Institute for the Study of War said.
Ukrainian President Volodymyr Zelenskyy claimed that Russian military losses have climbed to nearly 40,000, adding that tens of thousands more were wounded and maimed. | https://www.dailymail.co.uk/news/article-11053189/Putins-troops-shoot-helicopter-Kherson-mistakenly-attacked-them.html?ns_mchannel=rss&ito=1490&ns_campaign=1490 | 2022-07-27T10:33:56Z | https://www.dailymail.co.uk/news/article-11053189/Putins-troops-shoot-helicopter-Kherson-mistakenly-attacked-them.html?ns_mchannel=rss&ito=1490&ns_campaign=1490 | false |
SCHIPHOL, Netherlands (AP) _ Yandex NV (YNDX) on Wednesday reported profit of $112.7 million in its second quarter.
On a per-share basis, the Schiphol, Netherlands-based company said it had profit of 30 cents. Earnings, adjusted for non-recurring costs, were 53 cents per share.
The Russian search engine posted revenue of $2.3 billion in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on YNDX at https://www.zacks.com/ap/YNDX | https://www.ourmidland.com/business/article/Yandex-Q2-Earnings-Snapshot-17331616.php | 2022-07-27T10:34:11Z | https://www.ourmidland.com/business/article/Yandex-Q2-Earnings-Snapshot-17331616.php | true |
SCHAFFHAUSEN, Switzerland (AP) _ TE Connectivity Ltd. (TEL) on Wednesday reported fiscal third-quarter profit of $594 million.
The Schaffhausen, Switzerland-based company said it had profit of $1.83 per share. Earnings, adjusted for one-time gains and costs, were $1.86 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.75 per share.
The electronics maker posted revenue of $4.1 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $3.9 billion.
For the current quarter ending in September, TE Connectivity expects its per-share earnings to be $1.85.
The company said it expects revenue in the range of $4.2 billion for the fiscal fourth quarter.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TEL at https://www.zacks.com/ap/TEL | https://www.beaumontenterprise.com/business/article/TE-Connectivity-Fiscal-Q3-Earnings-Snapshot-17331690.php | 2022-07-27T10:34:55Z | https://www.beaumontenterprise.com/business/article/TE-Connectivity-Fiscal-Q3-Earnings-Snapshot-17331690.php | true |
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BERLIN (AP) — Russia’s Gazprom on Wednesday halved the amount of natural gas flowing through a major pipeline from Russia to Europe to 20% of capacity. It’s the latest reduction to Nord Stream 1 that Russia has blamed on technical problems, but Germany calls a political move to sow uncertainty and push up prices amid the war in Ukraine.
The Russian state-controlled energy giant announced Monday that it would carry out the reduction citing equipment repairs, further raising fears that Russia could cut off gas completely to try to gain political leverage over Europe as it tries to bolster its storage levels for winter.
Data on the Nord Stream website and the head of Germany’s network regulator, Klaus Mueller, confirmed the reduction.
“Gas is now a part of Russian foreign policy and possibly Russian war strategy,” Mueller told Deutschlandfunk radio.
Prices surged to the highest levels since early March for natural gas, which is used to power industry, generate electricity and heat homes in the winter. Climbing energy prices are fueling inflation, further squeezing people’s spending power and heightening concerns that Europe could plunge into recession if it does not save enough gas to get through the cold months.
That fear led EU governments on Tuesday to agree to reduce natural gas use to protect against further supply cuts by Russia.
The draft law aims to lower demand for gas by 15% from August through March through voluntary steps. If there aren't enough savings, mandatory cuts would be triggered in the 27-nation bloc.
Russia recently has accounted for about a third of Germany’s gas supplies. The government said last week that the drop in gas flows confirmed that Germany can’t rely on Russian deliveries, announcing that it would step up its gas storage requirements and take further measures to conserve supplies. | https://www.beaumontenterprise.com/news/article/Russia-cuts-gas-through-Nord-Stream-1-to-20-of-17331605.php | 2022-07-27T10:35:34Z | https://www.beaumontenterprise.com/news/article/Russia-cuts-gas-through-Nord-Stream-1-to-20-of-17331605.php | false |
ST PAUL, Minn — The last two former Minneapolis police officers to be sentenced for violating George Floyd's civil rights are scheduled to learn their penalties Wednesday, which could set in motion another round of plea deal discussions in state court over a killing that sparked a reckoning on racial injustice.
J. Alexander Kueng and Tou Thao were convicted in February of two counts of violating Floyd's civil rights in the 2020 slaying. The jury found they deprived the 46-year-old Black man of medical care and failed to stop Derek Chauvin as he knelt on Floyd's neck for 9 1/2 minutes while Floyd gasped for air.
Kueng held Floyd’s back, former Officer Thomas Lane held his feet and Thao kept back bystanders, some of whom recorded video that led to worldwide protests.
Chauvin, who pleaded guilty last year to violating Floyd's civil rights and the civil rights of a teenager in an unrelated case, was sentenced to 21 years in federal prison. Lane, who twice asked if Floyd should be rolled onto his side so he could breathe, was convicted of one count and was sentenced to 2 1/2.
Prosecutors have not made specific recommendations for Kueng and Thao's sentence, but have requested less time than Chauvin and “substantially” more than Lane. Thao’s attorney is asking for two years; Kueng’s request is sealed.
Kueng and Thao got a victory last week when U.S. District Judge Paul Magnuson issued rulings that affect how their federal sentences will be calculated and could mean far less prison time. The rulings — particularly one that cross-references their crimes with involuntary manslaughter instead of murder — mean the men head into Wednesday's hearing with a recommended range of 4 1/4 years to 5 1/4 years. They might have faced a life sentence.
“It made a huge difference,” Mark Osler, a professor at the University of St. Thomas School of Law and former federal prosecutor, said. “The impact of it is already baked in now.”
Osler said one key is if Magnuson determines that Kueng and Thao were “minor” or “minimal” participants in the crime. Magnuson found Lane was a minimal participant, resulting in a lower sentence. Osler said a minor participant would be more culpable.
“You have one officer who at least made some effort to change the trajectory, and that's Lane. You have one most directly involved in the killing of George Floyd, and that’s Derek Chauvin — and then you have these two in the middle,” Osler said.
The potential for lower sentences for Kueng and Thao raises questions about whether they will consider a plea deal or risk trial Oct. 24 in state court, where they face counts of aiding and abetting second-degree murder and second-degree manslaughter.
Osler said once the men know what their federal sentence is, they will likely seek a plea deal on the state charges that won't exceed the federal sentence and will let them serve the sentences concurrently.
Kueng and Thao can still appeal their federal convictions. If they plead guilty in state court, any federal appeal would be moot, said Mike Brandt, a criminal defense attorney who has been following the case. But it's also hard to win a federal appeal, he said.
“Those are some of the calculuses they are going to have to make in terms of, `Do I go to trial and risk something worse? Do I think I have a good shot at appeal on the federal case?'" Brandt said.
Kueng, who is Black, and Thao, who is Hmong American, likely will remain free on bond after Wednesday sentencing and be allowed to self-report to prison, especially since they have a pending trial and will need to be in contact with their attorneys and be present for court proceedings.
Lane, who is white, pleaded guilty to a state charge of aiding and abetting second-degree manslaughter and is awaiting sentencing in that case. He was allowed to remain free on bond after his federal sentencing.
Chauvin, who is white, was convicted of second-degree murder and second-degree manslaughter in state court and is serving a 22 1/2-year state sentence. His federal and state sentences are being served simultaneously. | https://www.fox43.com/article/news/nation-world/george-floyd-cops-sentenced/507-1cbc1b0e-bac9-45cb-9288-eb0a889fdf33 | 2022-07-27T10:39:32Z | https://www.fox43.com/article/news/nation-world/george-floyd-cops-sentenced/507-1cbc1b0e-bac9-45cb-9288-eb0a889fdf33 | false |
- Initiated monotherapy expansion cohorts with enrollment open for NSCLC and esophagogastric tumors with MTAP deletion
- Initiated combination dose escalation cohorts with enrollment open for combinations with taxanes and separately, with potential first-in-class combinations, including pemetrexed
- Entered into Clinical Trial Collaboration and Supply Agreement with Amgen to clinically evaluate IDE397 in combination with AMG 193, Amgen's investigational MTA-Cooperative PRMT5 inhibitor
- ctDNA Molecular Responses observed in 3 of 4 (75%) patients in Cohorts 5 and 6, demonstrating target engagement and tumor pharmacodynamic modulation
- Delivered Option Data Package to GSK, including preclinical data and clinical data from the IDE397 monotherapy dose escalation study of the Phase 1 clinical trial
SOUTH SAN FRANCISCO, Calif., July 27, 2022 /PRNewswire/ -- IDEAYA Biosciences, Inc. (Nasdaq:IDYA), a synthetic lethality focused precision medicine oncology company committed to the discovery and development of targeted therapeutics, announced clinical program updates for IDE397, an investigational, potential best-in-class, small molecule MAT2A inhibitor being evaluated in an ongoing Phase 1/2 clinical trial (NCT04794699).
"We are excited to advance our clinical development of IDE397 and to progress our strategic collaborations with GSK and Amgen on this program. Delivery of the IDE397 Option Data Package to GSK represents an important milestone in our collaboration with GSK. The clinical collaboration with Amgen enables clinical evaluation of a potential first-in-class combination to inhibit two synthetic lethal nodes within the MTAP pathway – MAT2A and PRMT5, providing a complementary approach for targeting MTAP-null tumors," said Yujiro S. Hata, President and Chief Executive Officer, IDEAYA Biosciences.
"The ctDNA molecular response clinical pharmacodynamic data reflects evidence of dose-dependent tumor pharmacodynamic modulation and target engagement at clinically achievable doses in patients having MTAP-deleted tumors," said Dr. Michael White, Senior Vice President and Chief Scientific Officer, IDEAYA Biosciences.
IDE397 is a potent and selective small molecule inhibitor targeting methionine adenosyltransferase 2a (MAT2A), in patients having solid tumors with methylthioadenosine phosphorylase (MTAP) deletion. The MTAP deletion patient population is estimated to represent approximately 15% of solid tumors, including approximately 15% of NSCLC, 28% of esophageal, 26% of bladder, and 10% of esophagogastric cancers.
IDEAYA is leading early clinical development of IDE397, in collaboration with GSK, in an ongoing Phase 1/2 clinical trial. The company has initiated and is actively enrolling patients into monotherapy expansion cohorts, including in NSCLC and esophagogastric cancer. The company selected Cohort 5 dose as its Phase 2 expansion dose, while it continues to dose escalate into Cohort 6; it has not yet determined a maximum tolerated dose.
IDEAYA has also initiated and is actively enrolling patients into combination cohorts to evaluate IDE397 in combination with docetaxel in NSCLC, with paclitaxel in esophagogastric cancer and with pemetrexed in NSCLC. IDEAYA also plans to clinically evaluate IDE397 in combination with AMG 193, Amgen's investigational MTA-Cooperative PRMT5 inhibitor, pursuant to a Clinical Trial Collaboration and Supply Agreement with Amgen. In preclinical studies, IDEAYA observed a complete response from evaluation of IDE397 and a representative MTA-cooperative PRMT5 inhibitor combination therapy in in vivo xenograft models.
IDEAYA reported additional clinical pharmacodynamic (PD) data from translational analysis of patient liquid biopsy samples based on circulating tumor DNA, or ctDNA, molecular responses. These data were obtained using the GuardantOMNI™, a diagnostic panel for genomic analysis of ctDNA. Molecular responses were evaluated based on changes in mean variant allele frequency, or VAF, on-treatment as compared to VAF levels at baseline. Patients whose ctDNA showed a reduction of greater than 50% mean VAF following treatment with IDE397 were characterized as having a molecular response (ctDNA MR) as reported in Zhang et al (Cancer Discovery, August 2020).
The IDE397 ctDNA molecular response data demonstrates target engagement and a dose-dependent tumor pharmacodynamic modulation. Molecular responses based on ctDNA were evaluable for thirteen patients with liquid biopsy samples available at baseline and after first treatment cycle. Across dose escalation Cohort 1 thru Cohort 6, a ctDNA molecular response was observed in four (4) of thirteen (13) evaluable patients (31%). Significantly, ctDNA molecular responses were observed in three (3) of four (4) evaluable patients (75%) treated with IDE397 at higher doses in Cohorts 5 and 6, as well as in two (2) of two (2) NSCLC evaluable patients (100%). This is indicative of a preliminary signal of clinical activity and is consistent with preclinical in vivo observations in patient-derived xenograft models.
IDEAYA has delivered an IDE397 option data package to GSK. The GSK option data package comprises preclinical data and clinical data from the IDE397 monotherapy dose escalation study of the Phase 1 clinical trial.
IDEAYA is a synthetic lethality focused precision medicine oncology company committed to the discovery and development of targeted therapeutics for patient populations selected using molecular diagnostics. IDEAYA's approach integrates capabilities in identifying and validating translational biomarkers with drug discovery to select patient populations most likely to benefit from its targeted therapies. IDEAYA is applying its research and drug discovery capabilities to synthetic lethality – which represents an emerging class of precision medicine targets.
This press release contains forward-looking statements, including, but not limited to, statements related to clinical evaluation of IDE397 in combination with AMG 193. Such forward-looking statements involve substantial risks and uncertainties that could cause IDEAYA's preclinical and clinical development programs, future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, the uncertainties inherent in the drug development process, including IDEAYA's programs' early stage of development, the process of designing and conducting preclinical and clinical trials, the regulatory approval processes, the timing of regulatory filings, the challenges associated with manufacturing drug products, IDEAYA's ability to successfully establish, protect and defend its intellectual property, the effects on IDEAYA's business of the worldwide COVID-19 pandemic, the ongoing military conflict between Russia and Ukraine, and other matters that could affect the sufficiency of existing cash to fund operations. IDEAYA undertakes no obligation to update or revise any forward-looking statements. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of IDEAYA in general, see IDEAYA's recent Quarterly Report on Form 10-Q filed on May 10, 2022 and any current and periodic reports filed with the U.S. Securities and Exchange Commission.
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SOURCE IDEAYA Biosciences, Inc. | https://www.mysuncoast.com/prnewswire/2022/07/27/ideaya-announces-ide397-clinical-program-update-ctdna-molecular-responses-demonstrating-tumor-pharmacodynamic-modulation/ | 2022-07-27T10:42:19Z | https://www.mysuncoast.com/prnewswire/2022/07/27/ideaya-announces-ide397-clinical-program-update-ctdna-molecular-responses-demonstrating-tumor-pharmacodynamic-modulation/ | false |
BEIJING, July 27, 2022 /PRNewswire/ -- New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced its unaudited financial results for the fourth fiscal quarter and fiscal year ended May 31, 2022.
Financial Highlights for the Fourth Fiscal Quarter Ended May 31, 2022
- Total net revenues decreased by 56.8% year over year to US$524.0 million for the fourth fiscal quarter of 2022.
- Operating loss was US$105.6 million for the fourth fiscal quarter of 2022.
- Net loss attributable to New Oriental was US$189.3 million for the fourth fiscal quarter of 2022.
Key Financial Results
Operating Highlights for the Fourth Fiscal Quarter Ended May 31, 2022
- The total number of schools and learning centers was 744 as of May 31, 2022, a decrease of 103 and 925 compared to 847 as of February 28, 2022 and 1,669 as of May 31, 2021, respectively. The total number of schools was 107 as of May 31, 2022.
Michael Yu, New Oriental's Executive Chairman, commented, "Fiscal year 2022 has been a year full of challenges and opportunities. We restructured our core businesses and operations to comply with the government policies in China and stepped onto a new stage. Our remaining key businesses are seeing a stable trend that lays a solid foundation for our future development. In this fiscal year, the overseas test preparation and overseas study consulting businesses increased by 6% and 16% year over year, respectively. Our domestic test preparation business targeting adults and university students witnessed a record rapid growth of approximately 30% year over year. At the same time, various new businesses that we embarked on earlier this year achieved promising results.
The non-academic tutoring business was rolled out in over 50 cities, same as the intelligent learning system and devices that were adopted and tested in around 60 cities. Both have achieved positive customer feedback and improved customer retention. Other businesses, including study tour and research camp, educational materials and digitalized smart study solutions, as well as exam preparation courses designed for students with junior college diplomas to obtain bachelor's degrees, are making remarkable progress. We are confident that by leveraging our brand recognition and educational resources accumulated over our operating history, these new businesses will start to generate notable revenue from the next fiscal year."
Chenggang Zhou, New Oriental's Chief Executive Officer, added, "By the end of this fiscal year, the total number of schools and learning centers was reduced to 744. As we focus more on business opportunities in the major markets of higher-tier cities, we are committed to leveraging our well-developed educational infrastructure, human resources, and state-of-the-art technology across our remaining key businesses. We are also actively looking into new initiatives to provide high-quality and diversified educational services for our customers of all ages. Our online-merge-offline teaching system helped us to maintain a high teaching quality to our customers amid the pandemic – especially in major cities such as Shanghai and Beijing. Koolearn.com, our online education platform, continues to expand its online educational offerings to adults and university students, and actively seeks business opportunities in new areas. In this fiscal year, Koolearn established an e-commerce platform under the brand name DONG FANG ZHEN XUAN(东方甄选) for the sale of agricultural and other products. Koolearn also began to pilot livestreaming events on some famous short-video social platforms such as Douyin. DONG FANG ZHEN XUAN has made notable progress and received wide recognitions from tens of millions of subscribers and members alike."
Stephen Zhihui Yang, New Oriental's Executive President and Chief Financial Officer, commented, "We maintained a strong cash position throughout the whole restructuring process. By the end of this fiscal year, our cash and cash equivalents, term deposits and short-term investments totaled approximately US$4.2 billion. The additional costs and expenses due to the termination of lease agreements in relation to the closure of our learning centers and employee layoffs were largely absorbed in fiscal year 2022. The Company's management team will continue to make great efforts to resume overall profitability of the Company as early as possible and proactively seek profitable growth. Our continued commitment to high quality services and operational efficiency will deliver more value to our customers, society and shareholders over the long term."
Adoption of Share Repurchase Program
On July 26, 2022, New Oriental's board of directors authorized the repurchase of up to US$400 million of the Company's common shares during the period from July 28, 2022 through May 31, 2023.
This share repurchase program authorizes the Company to purchase its ADSs or common shares from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades or through other legally permissible ways in accordance with applicable rules and regulations. The timing and extent of any purchases will depend upon market conditions, the trading price of ADSs and its common shares, as well as other factors.
New Oriental's board of directors will review the share repurchase program periodically and may authorize adjustment to its terms and size accordingly. New Oriental plans to fund any share repurchases made under this program from the Company's available cash balance.
Financial Results for the Fourth Fiscal Quarter Ended May 31, 2022
Net Revenues
For the fourth fiscal quarter of 2022, New Oriental reported net revenues of US$524.0 million, representing a 56.8% decrease year over year. The decline was mainly due to the cessation of K-9 academic after-school tutoring services in compliance with the government policies in China.
Operating Costs and Expenses
Operating costs and expenses for the quarter were US$629.7 million, representing a 52.1% decrease year over year. Non-GAAP operating costs and expenses for the quarter, which exclude share-based compensation expenses, were US$600.9 million, representing a 53.6% decrease year over year. The decrease was primarily due to the reduction of facilities and number of staff as a result of the restructuring in fiscal year 2022.
- Cost of revenues decreased by 57.2% year over year to US$247.8 million.
- Selling and marketing expenses decreased by 50.7% year over year to US$95.8 million.
- General and administrative expenses for the quarter decreased by 43.9% year over year to US$286.1 million. Non-GAAP general and administrative expenses, which exclude share-based compensation expenses, were US$257.2 million, representing a 47.4% decrease year over year.
Total share-based compensation expenses, which were allocated to related operating costs and expenses, increased by 42.9% to US$28.8 million in the fourth fiscal quarter of 2022. The increase is due to the grants of restricted share units of the Company to employees and directors in May 2021 with graded vesting over three years.
Operating Loss and Operating Margin
Operating loss was US$105.6 million, compared to the loss of US$102.4 million in the same period of the prior fiscal year. Non-GAAP loss from operations for the quarter was US$76.9 million, compared to the loss of US$82.2 million in the same period of the prior fiscal year.
Operating margin for the quarter was negative 20.2%, compared to negative 8.4% in the same period of the prior fiscal year. Non-GAAP operating margin, which excludes share-based compensation expenses, for the quarter was negative 14.7%, compared to negative 6.8% in the same period of the prior fiscal year.
Net Loss and Net Loss per ADS
Net loss attributable to New Oriental for the quarter was US$189.3 million, compared to the loss of US$45.5 million in the same period of the prior fiscal year. Basic and diluted net loss per ADS attributable to New Oriental were US$1.12 and US$1.12, respectively.
Non-GAAP Net Loss and Non-GAAP Net Loss per ADS
Non-GAAP net loss attributable to New Oriental for the quarter was US$160.3 million, compared to the loss of US$27.9 million in the same period of the prior fiscal year. Non-GAAP basic and diluted net loss per ADS attributable to New Oriental were US$0.94 and US$0.94, respectively.
Cash Flow
Net operating cash flow for the fourth fiscal quarter of 2022 was approximately US$29.3 million and capital expenditures for the quarter were US$22.3 million.
Balance Sheet
As of May 31, 2022, New Oriental had cash and cash equivalents of US$1,148.6 million. In addition, the Company had US$1,140.1 million in term deposits and US$1,902.3 million in short-term investment.
New Oriental's deferred revenue balance, which is cash collected from registered students for courses and recognized proportionally as revenue as the instructions are delivered, at the end of the fourth quarter of fiscal year 2022 was US$933.1 million, a decrease of 51.6% as compared to US$1,926.4 million at the end of the fourth quarter of fiscal year 2021. The decrease is primarily due to the cessation of K-9 academic after-school tutoring services in compliance with the government policies in China.
Financial Results for the Fiscal Year Ended May 31, 2022
For the fiscal year 2022 ended May 31, 2022, New Oriental reported net revenues of US$3,105.2 million, representing a 27.4% decrease year over year.
Loss from operations for the fiscal year 2022 was US$982.5 million, compared to an income of US$117.3 million in the same period of the prior fiscal year. Non-GAAP loss from operations for the fiscal year 2022 was US$849.5 million, compared to an income of US$186.1 million in the same period of the prior fiscal year.
Operating margin for the fiscal year 2022 was negative 31.6%, compared to 2.7% for the same period of the prior fiscal year. Non-GAAP operating margin, which excludes share-based compensation expenses for the fiscal year 2022, was negative 27.4%, compared to 4.4% for the same period of the prior fiscal year.
Net loss attributable to New Oriental for the fiscal year 2022 was US$1,187.7 million, compared to an income of US$334.4 million in the same period of the prior fiscal year. Basic and diluted net loss per ADS attributable to New Oriental for the fiscal year 2022 amounted to US$7.00 and US$7.00, respectively.
Non-GAAP net loss attributable to New Oriental for the fiscal year 2022 was US$1,046.2 million, compared to an income of US$389.0 million in the same period of the prior fiscal year. Non-GAAP basic and diluted net loss per ADS attributable to New Oriental for the fiscal year 2022 amounted to US$6.17 and US$6.17, respectively.
Outlook for the First Quarter of the Fiscal Year 2023
New Oriental expects total net revenues in the first quarter of the fiscal year 2023 (June 1, 2022 to August 31, 2022) to be in the range of US$641.3 million to US$680.6 million, representing year-over-year decline in the range of 51% to 48%.
This forecast reflects New Oriental's current and preliminary view, which is subject to change.
Conference Call Information
New Oriental's management will host an earnings conference call at 8 AM on July 27, 2022, U.S. Eastern Time (8 PM on July 27, 2022, Beijing/Hong Kong Time).
Please register in advance of the conference, using the link provided below. Upon registering, you will be provided with participant dial-in numbers, passcode and unique registrant ID.
Conference call registration link: https://s1.c-conf.com/diamondpass/10023381-cbs76d.html. It will automatically direct you to the registration page of "New Oriental Fourth Fiscal Quarter 2022 Earnings Conference Call" where you may fill in your details for RSVP.
In the 10 minutes prior to the call start time, you may use the conference access information (including dial in number(s), direct event passcode and registrant ID) provided in the confirmation email received at the point of registering.
A replay of the conference call may be accessed by phone at the following number until August 3, 2022:
Additionally, a live and archived webcast of the conference call will be available at http://investor.neworiental.org.
About New Oriental
New Oriental is a provider of private educational services in China offering a wide range of educational programs, services and products to a varied student population throughout China. New Oriental's program, service and product offerings mainly consist of test preparation, language training for adults, education materials and distribution, online education, and other services. New Oriental is listed on NYSE (NYSE: EDU) and SEHK (9901.SEHK), respectively. New Oriental's ADSs, each of which represents ten common shares. The Hong Kong-listed shares are fully fungible with the ADSs listed on NYSE.
For more information about New Oriental, please visit http://www.neworiental.org/english/.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the outlook for the first quarter of fiscal year 2023, quotations from management in this announcement, as well as New Oriental's strategic and operational plans, contain forward-looking statements. New Oriental may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about New Oriental's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: our ability to attract students without a significant increase in course fees; our ability to continue to hire, train and retain qualified teachers; our ability to maintain and enhance our "New Oriental" brand; our ability to effectively and efficiently manage the expansion of our school network and successfully execute our growth strategy; the outcome of ongoing, or any future, litigation or arbitration, including those relating to copyright and other intellectual property rights; competition in the private education sector in China; changes in our revenues and certain cost or expense items as a percentage of our revenues; the expected growth of the Chinese private education market; Chinese governmental policies relating to private educational services and providers of such services; health epidemics and other outbreaks in China; and general economic conditions in China. Further information regarding these and other risks is included in our annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. New Oriental does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of this press release, and New Oriental undertakes no duty to update such information, except as required under applicable law.
About Non-GAAP Financial Measures
To supplement New Oriental's consolidated financial results presented in accordance with GAAP, New Oriental uses the following measures defined as non-GAAP financial measures by the SEC: net income excluding share-based compensation expenses and gain / (loss) from fair value change of long-term investments, operating income excluding share-based compensation expenses, operating cost and expenses excluding share-based compensation expenses, general and administrative expenses excluding share-based compensation expenses, operating margin excluding share-based compensation expenses, and basic and diluted net income per ADS and per share excluding share-based compensation expenses and gain / (loss) from fair value change of long-term investments. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the tables captioned "Reconciliations of non-GAAP measures to the most comparable GAAP measures" set forth at the end of this release.
New Oriental believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding share-based compensation expenses and gain / (loss) from fair value change of long-term investments that may not be indicative of its operating performance from a cash perspective. New Oriental believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management's internal comparisons to New Oriental's historical performance and liquidity. New Oriental believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using these non-GAAP measures is that they exclude share-based compensation charge and gain / (loss) from fair value change of long-term investments that has been and will continue to be for the foreseeable future a significant recurring expense in our business. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables have more details on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures.
Contacts
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SOURCE New Oriental Education and Technology Group Inc. | https://www.mysuncoast.com/prnewswire/2022/07/27/new-oriental-announces-results-fourth-fiscal-quarter-fiscal-year-ended-may-31-2022-adoption-up-us400-million-share-repurchase-program/ | 2022-07-27T10:42:25Z | https://www.mysuncoast.com/prnewswire/2022/07/27/new-oriental-announces-results-fourth-fiscal-quarter-fiscal-year-ended-may-31-2022-adoption-up-us400-million-share-repurchase-program/ | true |
NEW YORK, July 27, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Apyx Medical Corporation.
Shareholders who purchased shares of APYX during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/apyx-medical-corporation-loss-submission-form/?id=30240&from=4
CLASS PERIOD: May 12, 2021 to March 11, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) a significant number of Apyx's Advanced Energy products were used for off-label indications; (2) such off-label uses led to an increase in the number of medical device reports filed by Apyx reporting serious adverse events; (3) as a result, the Company was reasonably likely to incur regulatory scrutiny; (4) as a result of the foregoing, the Company's financial results would be adversely impacted; and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
DEADLINE: August 5, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/apyx-medical-corporation-loss-submission-form/?id=30240&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of APYX during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is August 5, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content:
SOURCE The Gross Law Firm | https://www.mysuncoast.com/prnewswire/2022/07/27/shareholder-alert-gross-law-firm-notifies-shareholders-apyx-medical-corporation-class-action-lawsuit-lead-plaintiff-deadline-august-5-2022-nasdaq-apyx/ | 2022-07-27T10:43:08Z | https://www.mysuncoast.com/prnewswire/2022/07/27/shareholder-alert-gross-law-firm-notifies-shareholders-apyx-medical-corporation-class-action-lawsuit-lead-plaintiff-deadline-august-5-2022-nasdaq-apyx/ | false |
NEW YORK, July 27, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Unity Software Inc..
Shareholders who purchased shares of U during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CLASS PERIOD: March 5, 2021 to May 10, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) deficiencies in Unity's product platform reduced the accuracy of the Company's machine learning technology; (ii) the foregoing was likely to have a material negative impact on the Company's revenues; (iii) accordingly, Unity had overstated the Company's commercial and/or financial prospects for 2022; (iv) as a result, the Company was likely to have to reduce its fiscal 2022 guidance; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
DEADLINE: September 6, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/unity-software-u-lawsuit-form/?id=30250&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of U during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is September 6, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content:
SOURCE The Gross Law Firm | https://www.mysuncoast.com/prnewswire/2022/07/27/shareholder-alert-gross-law-firm-notifies-shareholders-unity-software-inc-class-action-lawsuit-lead-plaintiff-deadline-september-6-2022-nyse-u/ | 2022-07-27T10:44:34Z | https://www.mysuncoast.com/prnewswire/2022/07/27/shareholder-alert-gross-law-firm-notifies-shareholders-unity-software-inc-class-action-lawsuit-lead-plaintiff-deadline-september-6-2022-nyse-u/ | false |
NEW YORK, July 27, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Amazon.com, Inc..
Shareholders who purchased shares of AMZN during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/amazon-com-inc-loss-submission-form-2/?id=30251&from=4
CLASS PERIOD: This lawsuit is on behalf of all persons or entities that purchased or otherwise acquired shares of Amazon common stock between July 30, 2021, and April 28, 2022, inclusive.
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: 1) defendants knew or recklessly disregarded that the Company's infrastructure and fulfillment network investments substantially outpaced demand; 2) those investments were a massive, self-imposed, undue drain on Amazon's financial condition; 3) contrary to defendants' public statements and undisclosed to investors, defendants had already implemented cutbacks to Amazon's fulfillment capacity by July 2021; and 4) as a result of defendants' misrepresentations and omissions, Amazon's common stock traded at artificially inflated prices during the class period.
DEADLINE: September 6, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/amazon-com-inc-loss-submission-form-2/?id=30251&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of AMZN during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is September 6, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content:
SOURCE The Gross Law Firm | https://www.kbtx.com/prnewswire/2022/07/27/shareholder-alert-gross-law-firm-notifies-shareholders-amazoncom-inc-class-action-lawsuit-lead-plaintiff-deadline-september-6-2022-nasdaq-amzn/ | 2022-07-27T10:46:07Z | https://www.kbtx.com/prnewswire/2022/07/27/shareholder-alert-gross-law-firm-notifies-shareholders-amazoncom-inc-class-action-lawsuit-lead-plaintiff-deadline-september-6-2022-nasdaq-amzn/ | false |
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Volkswagen starts US electric vehicle assembly in Tennessee
In a news release, the German automaker said it plans to ramp up production in Chattanooga of the ID.4 electric compact SUV to 7,000 cars per month in the fourth quarter of this year, with a goal of increasing that rate next year.
CHATTANOOGA: Volkswagen began production of its first electric vehicle assembled in the United States at a Tennessee plant Tuesday.
In a news release, the German automaker said it plans to ramp up production in Chattanooga of the ID.4 electric compact SUV to 7,000 cars per month in the fourth quarter of this year, with a goal of increasing that rate next year.
The kickoff comes after Volkswagen in the company's manufacturing of electric vehicles in North America at the Chattanooga plant in 2019, including facilities for vehicle and battery pack assembly. The company says it is hiring more than 1,000 production team workers there through the end of the year. Volkswagen Chattanooga currently employs more than 4,000 people.
The start of production comes as America's automakers take aim with electric vehicles at the largest segment of the U.S. market: modest-sized SUVs, representing about 20% of new-vehicle sales.
Volkswagen says the ID.4 is its most popular electric vehicle, with more than 190,000 delivered to customers around the world since last year.
The company says customers can expect ID.4s to be delivered as early as October. The starting manufacturer's suggested retail price price is about $41,000.
The Chattanooga factory is now the sixth site globally to produce electric vehicles for Volkswagen. Volkswagen's goal is for 55% of U.S. sales to be fully electric by 2030.
Initially, Volkswagen will offer the American-built vehicles in either rear wheel drive or all wheel drive with a 82-kilowatt-hour battery. A lower-priced version with a 62-kilowatt-hour battery and rear-wheel drive will go into production later this year.
Volkswagen says it will mainly rely on North American parts for the vehicle, including materials and components assembled in 11 U.S. states. SK Innovation in Georgia will supply the batteries.
In the budget passed by Tennessee lawmakers in 2019, Volkswagen received an additional $50 million in state incentives for the Chattanooga plant to aid in the electric vehicle expansion.
Energy conglomerate National Thermal Power Corporation (NTPC) has set up the 100 megawatt (MW) plant through Bharat Heavy Electricals (BHEL) under Engineering, Procurement and Construction (EPC) contract.
While contracts for oilfields awarded since 1999 gave producers the freedom to sell oil, the government fixed buyers for crude produced from older fields, such as Mumbai High of ONGC and Ravva of Vedanta. | https://energy.economictimes.indiatimes.com/news/power/volkswagen-starts-us-electric-vehicle-assembly-in-tennessee/93153980 | 2022-07-27T10:50:12Z | https://energy.economictimes.indiatimes.com/news/power/volkswagen-starts-us-electric-vehicle-assembly-in-tennessee/93153980 | true |
NEW YORK, July 27, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Verrica Pharmaceuticals, Inc..
Shareholders who purchased shares of VRCA during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/verrica-pharmaceuticals-inc-loss-submission-form/?id=30242&from=4
CLASS PERIOD: May 28, 2021 to May 24, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) there were manufacturing deficiencies at the facility where Verrica's contract manufacturer produced a bulk solution for the Company's lead product candidate, VP-102; (2) these deficiencies were not remediated when Verrica resubmitted its New Drug Application for VP-12 for molluscum; (3) the foregoing presented significant risks to Verrica obtaining regulatory approval of VP-102 for molluscum; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
DEADLINE: August 5, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/verrica-pharmaceuticals-inc-loss-submission-form/?id=30242&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of VRCA during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is August 5, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content:
SOURCE The Gross Law Firm | https://www.kmvt.com/prnewswire/2022/07/27/shareholder-alert-gross-law-firm-notifies-shareholders-verrica-pharmaceuticals-inc-class-action-lawsuit-lead-plaintiff-deadline-august-5-2022-nasdaq-vrca/ | 2022-07-27T10:50:19Z | https://www.kmvt.com/prnewswire/2022/07/27/shareholder-alert-gross-law-firm-notifies-shareholders-verrica-pharmaceuticals-inc-class-action-lawsuit-lead-plaintiff-deadline-august-5-2022-nasdaq-vrca/ | false |
S43E146Tue, Jul 26, 2022
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Black Americans have long contributed to the ways in which the English language is used, and now a new research project aims to compile the first Oxford Dictionary of African American English.
"Finally we will have a space that recognizes our language in a way that encompasses all the people within African American language communities," said Sonja Lanehart, a linguistics professor at the University of Arizona who grew up in the South.
"If we look at some present words, we can think of something like woke and hip, cool, bad meaning good."
The research project is a collaboration between Harvard University's Hutchins Center for African and African American Research and Oxford University Press, with Lanehart among the advising editors.
Although there have been projects like this in the past, Lanehart said none had attempted to focus on African American language varieties at this magnitude.
"It will be much more expansive and inclusive of the language as opposed to [just] some words here and there," she said. And instead of just defining or spelling the words, the project will also provide some historical context.
"The etymology of a word and the history of the word is extremely important ... in understanding how a language has developed, evolved, and who's been a part of it," Lanehart said.
Supported in part by grants from the Mellon and Wagner foundations, the project is one of the most well-funded efforts of its kind. Researchers will pull from documents including flyers, books, and newspapers. They will also draw from music, oral histories, and most notably for Lanehart – social media.
"Social media has allowed an outlet in a way that Black people hadn't really had before," she says. Looking to Twitter, she added, could highlight the regional, economic, and social roots of some of this language.
"Dictionaries attempt to codify language," Lanehart said. "And what's going to be important about this in getting it right is listening to the people... in terms of what they say and what it means to them."
What's more, understanding this context behind the origins of African American English can broaden the understanding of English as a whole.
"Every speaker of American English borrows heavily from words invented by African Americans, whether they know it or not," Hutchins Center director and the editor in chief on the project, Henry Louis Gates, Jr. said in a statement.
And Lanehart thinks that crediting African Americans for these words in an official, well-researched lexicon will help in other ways.
"It's taken a lot to get to this point to show that Black people and Black language aren't grotesque, exotic, or deficient," Lanehart said. "They have a language variety that is different and should be recognized just like any other language variety."
The Oxford Dictionary of African American English, with a first version due in three years, aims to do just that.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.nepm.org/national-world-news/national-world-news/2022-07-27/a-new-dictionary-will-document-the-lexicon-of-african-american-english | 2022-07-27T10:53:12Z | https://www.nepm.org/national-world-news/national-world-news/2022-07-27/a-new-dictionary-will-document-the-lexicon-of-african-american-english | true |
- Earnings Call to Begin at 8:00 A.M. EDT -
SINGAPORE, July 27, 2022 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), announced today that it will be releasing its 2022 unaudited first half financial results on Wednesday, August 10, 2022 before the market opens for trading.
A conference call and audio webcast for the investment community has been scheduled for 8:00 A.M. Eastern Daylight Time on August 10, 2022. The call will be hosted by the President and Chief Financial Officer of China Yuchai, Mr. Weng Ming Hoh and Mr. Choon Sen Loo, respectively, who will present on and discuss the financial results and business outlook of the Company followed with a Q&A session.
Analysts and institutional investors may participate in the conference call by registering at: https://register.vevent.com/register/BI7e8fd96be075437a82ae4672ba6b0a40 at least one hour before the call. A return email will be sent with instructions and numbers to join the call.
For all other interested parties, a simultaneous webcast can be accessed at the investor relations section of the Company's website located at http://www.cyilimited.com. Participants are requested to log into the webcast at least 10 minutes prior to the scheduled start time. The recorded webcast will be available on the website shortly after the earnings call.
About China Yuchai International
China Yuchai International Limited, through its subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), engages in the manufacture, assembly, and sale of a wide variety of light-, medium- and heavy-duty engines for trucks, buses, passenger vehicles, construction equipment, marine and agriculture applications in China. GYMCL also produces diesel power generators. The engines produced by GYMCL range from diesel to natural gas and hybrid engines. Through its regional sales offices and authorized customer service centers, GYMCL distributes its engines directly to auto OEMs and retailers and provides maintenance and retrofitting services throughout China. Founded in 1951, GYMCL has established a reputable brand name, strong research and development team and significant market share in China with high-quality products and reliable after-sales support. In 2021, GYMCL sold 456,791 engines and is recognized as a leading manufacturer and distributor of engines in China. For more information, please visit http://www.cyilimited.com.
Safe Harbor Statement:
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe", "expect", "anticipate", "project", "targets", "optimistic", "confident that", "continue to", "predict", "intend", "aim", "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements including, but not limited to, statements concerning China Yuchai's and the joint venture's operations, financial performance and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. China Yuchai cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political, economic and social conditions around the world and in China including those discussed in China Yuchai's Form 20-Fs under the headings "Risk Factors", "Results of Operations" and "Business Overview" and other reports filed with the Securities and Exchange Commission from time to time. Among others, if the COVID-19 pandemic is not effectively and timely controlled, our business operations and financial condition may be materially and adversely affected due to a deteriorating market for automotive sales, an economic slowdown in China and abroad, a potential weakening of the financial condition of our customers, or other factors that we cannot foresee. All forward-looking statements are applicable only as of the date it is made and China Yuchai specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future.
For more information:
Investor Relations
Kevin Theiss
Tel: +1-212-510-8922
Email: cyd@bluefocus.com
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At United Nations, Iraq and Turkey escalate dispute over deadly attack
Iraq’s Foreign Minister Fuad Hussein demanded the withdrawal of all Turkish troops from his country, while Turkey’s Deputy Ambassador said his government will keep pursuing fighters it considers terrorists who take refuge in Iraq.
A dispute between Iraq and Turkey over a recent deadly attack in Iraq’s northern Kurdish region escalated at an emergency meeting of the U.N. Security Council (UNSC) on July 26.
Iraq’s Foreign Minister demanded the withdrawal of all Turkish troops from his country, while Turkey’s Deputy Ambassador said his government will keep pursuing fighters it considers terrorists who take refuge in Iraq.
The Iraqi government sought the meeting after the July 20 artillery attack that killed nine Iraqi tourists and injured 33 other people. Its Foreign Minister, Fuad Hussein, said the government has “proofs” that Turkish armed forces were responsible.
Turkey has denied it was behind the attack and blamed fighters from the Kurdistan Workers Party, or PKK, which is considered a terrorist organisation by Ankara and the West. It has for decades waged an insurgency against the government in Ankara and maintains hideouts in Iraq’s mountainous north.
At the start of the Security Council meeting, the U.N. special envoy for Iraq had said Turkey and Iraq were ready for a joint investigation into the artillery shelling at the Parkha resort in the Zakho district of the semi-autonomous Kurdish region.
Jeanine Hennis-Plasschaert said Iraq’s caretaker Prime Minister, Mustafa al-Kadhimi, emphasised in a conversation on Monday “the importance of a transparent and thorough investigation: independent or jointly.” She quoted him as saying it is vital “to put a stop to speculations, denials, misunderstandings and rising tensions.”
The U.N. envoy said she understood “that Turkey is also ready to address the issue jointly, with Iraq, in order to determine exactly what happened.”
Iraq’s Hussein called on the Security Council to set up “an international independent team of inquiry” to look into what he called the Turkish army’s “flagrant aggression.”
The Foreign Minister told journalists later that Iraq is also ready to have a joint investigation with Turkey, but he said “they didn’t approach us” and “never sent us an official letter about having an investigation.”
Turkey’s deputy U.N. ambassador, Öncü Keçeli, countered that “we made it clear that Turkey is ready to take all the steps to unveil the truth,” stressing to the council that “our officials at many different levels have given the same message.”
He said some Iraqi authorities were on the same page as Turkey and “wanted to find out the truth.” But other Iraqi officials, he said, “chose escalation instead of diplomacy and cooperation,” and started a media “smear campaign” aimed at driving a wedge between the Turkish and Iraqi people.
Mr. Hussein said the Iraqi government is “sure” the Turkish military was responsible for the attack. He pointed to the findings of its investigation that Turkey's army has bases in the area near the resort, PKK fighters have not been in the area for the last month and the Turkish army uses 155mm artillery projectiles whose fragments were found at the scene.
Mr. Hussein added that many people in the area “gave us enough information about the activity of Turkish soldiers there.” He called on the Security Council to urgently adopt a resolution demanding that Turkey withdraw what he said were about 4,000 combat soldiers from Iraq, and halt incursions into Iraqi airspace.
Turkey’s Keçeli countered that “the sovereignty and territorial integrity of Iraq are breached by terrorist organisations, not by Turkey,” which he said has always supported Iraq’s sovereignty.
“As we speak, the flags of the PKK terrorist organisation are raised in certain parts of northern Iraq, not the flags of the federal government” or the Kurdish regional government,” he said,
Turkey estimates the PKK controls an area of “at least 10,000 square kilometres in Iraq,” he said. “Nearly 800 villages have been forcefully evacuated by the PKK and all these spots have become a safe haven for the terrorists.” In the first six months of this year the PKK carried out 339 attacks against Turkey, he said.
“Iraq has so far proven to be either unable or unwilling to fight the terrorists,” and therefore it cannot blame Turkey for exercising its right to self-defence, Mr. Keçeli said.
Mr. Hussein said Iraq's government is ready to work alongside the United Nations and countries concerned “to ensure that elements of the PKK leave Iraq because this destabilises Iraq" and undermines security in the country.
The Security Council issued a statement on Monday condemning the attack on the resort “in the strongest terms,” expressing support for Iraqi authorities “in their investigations” and urging all countries to cooperate with the Iraqi government “and all other relevant authorities in support of these investigations.” The council did not mention Turkey.
Diplomats said chances of the council approving a resolution demanding the withdrawal of Turkish forces from Iraq are slim, especially given the key role Turkey is playing in the recently announced deal to export desperately needed grain from Ukraine and grain and fertilizer from Russia to countries facing food shortages, rising prices and widespread hunger.
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Delivers solid second quarter results with high teens New Equipment order growth, mid-single digit organic Service sales growth and low teens adjusted EPS growth
- 2Q Net sales down 5.8% and organic sales up 0.4%. GAAP EPS ~flat and adjusted EPS up 11.7%
- 2Q New Equipment orders up 16.5%; NE backlog up 6%, adjusted backlog up 10% at constant currency
- 2Q Maintenance portfolio units were up nearly 3.5%
- YTD GAAP cash flow from operations of $857 million; free cash flow of $800 million, or 127% of net income
- Completed the delisting of Zardoya Otis and reached an agreement to divest our Russia business with closing expected imminently
- Revised full-year outlook1 with organic sales up 2.5 to 3.5%, adjusted EPS of $3.17 to $3.21 and free cash flow of ~$1.6 billion
FARMINGTON, Conn., July 27, 2022 /PRNewswire/ -- Otis Worldwide Corporation (NYSE:OTIS) reported second quarter 2022 net sales of $3.5 billion with 0.4% organic growth. GAAP diluted earnings per share (EPS) of $0.76 was flat versus the prior year and adjusted EPS increased 11.7% to $0.86.
"Otis completed a strong first half, delivering a solid second quarter with record New Equipment orders and the best maintenance portfolio growth in over a decade. We grew adjusted EPS low teens, driven by strong organic growth in the Service business and productivity performance in both segments that helped to overcome the impact of lockdowns in China, higher commodity prices and significant headwinds from the strengthening of the US Dollar," said Judy Marks, Chair, CEO & President. "Looking ahead, we expect to deliver 2.5 to 3.5% organic sales growth, high single digit adjusted EPS growth and $1.6 billion in free cash flow in 2022. We'll continue to advance our long-term strategy and drive operational execution to set a strong foundation for continued performance in 2023 and beyond."
Key Figures
Second quarter net sales of $3.5 billion decreased 5.8% versus the prior year with a 0.4% increase in organic sales that was more than offset by a 5.3% headwind from foreign exchange.
Second quarter GAAP operating profit of $487 million decreased $74 million and adjusted operating profit of $541 million decreased $21 million. Excluding a $37 million impact from foreign exchange translation, operating profit increased $16 million driven by strong Service segment performance and lower corporate costs, partially offset by operating profit decline in New Equipment. GAAP operating profit margin contracted 120 basis points to 14.0% and adjusted operating profit margin expanded 20 basis points to 15.7%, driven by margin expansion in Service.
GAAP EPS of $0.76 was flat compared to prior year and adjusted EPS of $0.86 increased 11.7% or $0.09 as the benefit from operational improvement, continued progress on reducing the effective tax rate, a lower share count and the Zardoya transaction, was partially offset by a $0.06 headwind from foreign exchange translation. GAAP EPS was also impacted by non-recurring charges and operational performance of the Russia business, and higher restructuring expense.
First half net sales decreased 2.9% from a 1.6% increase in organic sales more than offset by a 4.1% headwind from foreign exchange. GAAP and adjusted operating profit decreased $57 million and $7 million, respectively. Adjusted operating profit was up $50 million at constant currency. GAAP operating profit margin contracted 40 basis points and adjusted operating profit margin expanded 30 basis points.
New Equipment
In the second quarter, net sales of $1.5 billion decreased 11.2% with a 5.0% decrease in organic sales and a 3.8% headwind from foreign exchange. Organic sales growth of high single digits in Asia Pacific and low single digits in EMEA was more than offset by mid-single digit decline in the Americas and low teens decline in China.
GAAP operating profit of $99 million decreased $48 million and adjusted operating profit of $113 million decreased $29 million as material and installation productivity and reductions in SG&A expense was more than offset by the impact from lower volume, including related under absorption, and $35 million of commodity headwinds. GAAP operating profit was also impacted by non-recurring charges and operational performance of the Russia business, and higher restructuring expense. GAAP operating profit margin contracted 200 basis points to 6.5% and adjusted operating profit margin contracted 100 basis points to 7.5%.
New Equipment orders were up 16.5%, at constant currency as more than 50% growth in the Americas and ~30% growth in EMEA was partially offset by mid-single digit decline in Asia. New equipment backlog increased 6% and adjusted backlog increased 10% at constant currency, with growth in all regions.
First half net sales decreased 7.2% with a 3.2% decrease in organic sales and a 2.7% headwind from foreign exchange. GAAP operating profit decreased $59 million and adjusted operating profit decreased $34 million as productivity and lower bad debt expense was more than offset by the impact from lower volume, including related under absorption, and more than $70 million in commodity headwinds. GAAP and adjusted operating profit margin contracted 140 basis points and 70 basis points, respectively.
Service
In the second quarter, net sales of $2.0 billion decreased 1.0% with a 5.2% increase in organic sales and a 6.5% headwind from foreign exchange. Organic maintenance and repair sales increased 4.9% and organic modernization sales increased 6.4%.
GAAP operating profit of $435 million decreased $6 million. Adjusted operating profit of $449 million increased $39 million at constant currency driven by higher volume, favorable pricing and productivity, partially offset by annual wage inflation. GAAP operating profit margin was flat versus prior year and adjusted operating profit margin expanded 50 basis points to 23.1%.
First half net sales increased 0.6% with a 5.5% increase in organic sales and a 5.1% headwind from foreign exchange. GAAP operating profit increased $11 million and adjusted operating profit increased $21 million and $79 million at constant currency, driven by higher volume, favorable pricing and productivity, partially offset by annual wage inflation. GAAP and adjusted operating profit margin expanded 20 basis points and 40 basis points, respectively.
Cash flow
Second quarter cash from operations of $353 million decreased $180 million and free cash flow of $326 million decreased $167 million versus prior year, primarily from the timing of interest and separation related tax payments.
2022 Outlook1
Otis is revising its full year outlook:
- Adjusted net sales of $13.6 to $13.8 billion, down 2 to 3%
- Organic sales up 2.5 to 3.5%
- Adjusted operating profit of $2.1 to $2.2 billion, up $120 to $150 million at constant currency; up $5 million to down $25 million at actual currency
- Adjusted EPS of $3.17 to $3.21, up 7 to 9%; adjusted effective tax rate of 26.5 to 26.7%
- Free cash flow of ~$1.6 billion with conversion of approximately 125% of GAAP net income
1Note: When we provide outlook for organic sales, adjusted operating profit, adjusted effective tax rate and free cash flow on a forward-looking basis, a reconciliation of the differences between the non-GAAP expectations and the corresponding GAAP measures generally is not available without unreasonable effort. See "Use and Definitions of Non-GAAP Financial Measures" below for additional information.
About Otis
Otis is the world's leading elevator and escalator manufacturing, installation and service company. We move 2 billion people a day and maintain more than 2.1 million customer units worldwide, the industry's largest maintenance portfolio. Headquartered in Connecticut, USA, Otis is 70,000 people strong, including 41,000 field professionals, all committed to meeting the diverse needs of our customers and passengers in more than 200 countries and territories worldwide. For more information, visit www.otis.com and follow us on LinkedIn, Instagram, Facebook and Twitter @OtisElevatorCo.
Use and Definitions of Non-GAAP Financial Measures
Otis Worldwide Corporation ("Otis") reports its financial results in accordance with accounting principles generally accepted in the United States ("GAAP"). We supplement the reporting of our financial information determined under GAAP with certain non-GAAP financial information. The non-GAAP information presented provides investors with additional useful information, but should not be considered in isolation or as substitutes for the related GAAP measures. Moreover, other companies may define non-GAAP measures differently, which limits the usefulness of these measures for comparisons with such other companies. We encourage investors to review our financial statements and publicly filed reports in their entirety and not to rely on any single financial measure. A reconciliation of the non-GAAP measures (referenced in this press release) to the corresponding amounts prepared in accordance with GAAP appears in the attached tables. These tables provide additional information as to the items and amounts that have been excluded from the adjusted measures.
Adjusted net sales, organic sales, adjusted selling, general and administrative ("SG&A") expense, adjusted operating profit, adjusted net income, adjusted diluted earnings per share ("EPS"), adjusted effective tax rate, adjusted remaining performance obligation ("RPO"), constant currency and free cash flow are non-GAAP financial measures.
Adjusted net sales represents net sales (a GAAP measure), excluding significant items of a non-recurring and/or nonoperational nature ("other significant items").
Organic sales represents consolidated net sales (a GAAP measure), excluding the impact of foreign currency translation, acquisitions and divestitures completed in the preceding twelve months and other significant items. Management believes organic sales is a useful measure in providing period-to-period comparisons of the results of the Company's ongoing operational performance.
Adjusted SG&A expense represents SG&A expense (a GAAP measure), excluding restructuring costs and other significant items.
Adjusted general corporate expenses and other represents general corporate expenses and other (a GAAP measure), excluding restructuring costs and other significant items.
Adjusted operating profit represents income from continuing operations (a GAAP measure), excluding restructuring costs and other significant items.
Adjusted net interest expense represents net interest expense (a GAAP measure), adjusted for the impacts of non-recurring acquisition related financing costs and related net interest expense pending the completion of a transaction.
The adjusted effective tax rate represents the effective tax rate (a GAAP measure) adjusted for other significant items and the tax impact of restructuring costs and other significant items.
Adjusted net income represents net income attributable to Otis Worldwide Corporation (a GAAP measure), excluding restructuring costs and other significant items, adjusted net interest expense and adjusted effective tax expense. Adjusted EPS represents diluted earnings per share from attributable to common shareholders (a GAAP measure), adjusted for the per share impact of restructuring and other significant items.
Adjusted RPO represents RPO (a GAAP measure) excluding other significant items.
Management believes that adjusted net sales, organic sales, adjusted SG&A, adjusted general corporate expenses and other, adjusted operating profit, adjusted net income, adjusted EPS, the adjusted effective tax rate and adjusted RPO are useful measures in providing period-to-period comparisons of the results of the Company's ongoing operational performance.
Additionally, GAAP financial results include the impact of changes in foreign currency exchange rates ("AFX"). We use the non-GAAP measure "at constant currency" or "CFX" to show changes in our financial results without giving effect to period-to-period currency fluctuations. Under U.S. GAAP, income statement results are translated in U.S. dollars at the average exchange rate for the period presented. Management believes that this non-GAAP measure is useful in providing period-to-period comparisons of the results of the Company's ongoing operational performance.
Free cash flow is a non-GAAP financial measure that represents cash flow from operations (a GAAP measure) less capital expenditures. Management believes free cash flow is a useful measure of liquidity and an additional basis for assessing Otis' ability to fund its activities, including the financing of acquisitions, debt service, repurchases of common stock and distribution of earnings to shareholders.
When we provide our expectations for adjusted net sales, organic sales, adjusted operating profit, adjusted net income, adjusted effective tax rate, adjusted EPS and free cash flow on a forward-looking basis, a reconciliation of the differences between the non-GAAP expectations and the corresponding GAAP measures (expected diluted EPS from continuing operations, operating profit, the effective tax rate, net sales and expected cash flow from operations) generally is not available without unreasonable effort due to potentially high variability, complexity and low visibility as to the items that would be excluded from the GAAP measure in the relevant future period, such as unusual gains and losses, the ultimate outcome of pending litigation, fluctuations in foreign currency exchange rates, the impact and timing of potential acquisitions and divestitures, and other structural changes or their probable significance. The variability of the excluded items may have a significant, and potentially unpredictable, impact on our future GAAP results.
Cautionary Statement
This communication contains statements which, to the extent they are not statements of historical or present fact, constitute "forward-looking statements" under the securities laws. From time to time, oral or written forward-looking statements may also be included in other information released to the public. These forward-looking statements are intended to provide management's current expectations or plans for Otis' future operating and financial performance, based on assumptions currently believed to be valid. Forward-looking statements can be identified by the use of words such as "believe," "expect," "expectations," "plans," "strategy," "prospects," "estimate," "project," "target," "anticipate," "will," "should," "see," "guidance," "outlook," "medium-term," "near-term," "confident," "goals" and other words of similar meaning in connection with a discussion of future operating or financial performance, the pending sale of Otis' Russia business, the tender offer by Otis to acquire the remaining issued and outstanding shares of Zardoya Otis, S.A (the "Tender Offer") and the separation (the "Separation") from United Technologies Corporation (now known as Raytheon Technologies Corporation ("RTX")). Forward-looking statements may include, among other things, statements relating to future sales, earnings, cash flow, results of operations, uses of cash, dividends, share repurchases, tax rates, research & development spend, credit ratings, net indebtedness and other measures of financial performance or potential future plans, strategies or transactions of Otis, including the sale of its Russia business, statements that relate to climate change and our intent to achieve certain environmental, social and governance targets or goals, including operational impacts and costs associated therewith, and other statements that are not historical facts. All forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. For those statements, Otis claims the protection of the safe harbor for forward-looking statements contained in the U.S. Private Securities Litigation Reform Act of 1995. Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which Otis and its businesses operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction, pandemic health issues (including COVID-19 and variants thereof and the ongoing economic recovery therefrom and their effects on, among other things, global supply, demand and distribution), natural disasters, whether as a result of climate change or otherwise, and the financial condition of Otis' customers and suppliers; (2) the effect of changes in political conditions in the U.S. and other countries in which Otis and its businesses operate, including the effects of the ongoing conflict between Russia and Ukraine and related sanctions and export controls, on general market conditions, global trade policies and currency exchange rates in the near term and beyond; (3) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (4) future levels of indebtedness, capital spending and research and development spending; (5) future availability of credit and factors that may affect such availability, credit market conditions and Otis' capital structure; (6) the timing and scope of future repurchases of Otis' common stock ("Common Stock"), which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash; (7) fluctuations in prices and delays and disruption in delivery of materials and services from suppliers, whether as a result of COVID-19, the ongoing conflict between Russia and Ukraine or otherwise; (8) cost reduction or containment actions, restructuring costs and related savings and other consequences thereof; (9) new business and investment opportunities; (10) the outcome of legal proceedings, investigations and other contingencies; (11) pension plan assumptions and future contributions; (12) the impact of the negotiation of collective bargaining agreements and labor disputes; (13) the effect of changes in tax, environmental, regulatory (including among other things import/export) and other laws and regulations in the U.S. and other countries in which Otis and its businesses operate, including as a result of the ongoing conflict between Russia and Ukraine; (14) the ability of Otis to retain and hire key personnel; (15) the scope, nature, impact or timing of acquisition and divestiture activity, including the sale of Otis' Russia business, the integration of acquired businesses into existing businesses and realization of synergies and opportunities for growth and innovation and incurrence of related costs; (16) the ability to achieve the expected benefits of the Tender Offer and the timing thereof; (17) the ability to achieve the expected benefits of the Separation; (18) the determination by the Internal Revenue Service and other tax authorities that the distribution or certain related transactions should be treated as taxable transactions; and (19) the amount of our obligations and nature of our disputes that have or may hereafter arise under the agreements we entered into with RTX and Carrier Corporation in connection with the Separation. The above list of factors is not exhaustive or necessarily in order of importance. For additional information on identifying factors that may cause actual results to vary from those stated in forward-looking statements, see Otis' registration statement on Form 10 and the reports of Otis on Forms 10-K, 10-Q and 8-K filed with or furnished to the SEC from time to time. Any forward-looking statement speaks only as of the date on which it is made, and Otis assumes no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by applicable law.
Media Contact
Katy Padgett
+1-860-674-3047
kathleen.padgett@otis.com
Investor Relations Contact
Michael Rednor
+1-860-676-6011
investor.relations@otis.com
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SOURCE Otis Worldwide Corporation | https://www.wbtv.com/prnewswire/2022/07/27/otis-reports-second-quarter-2022-results/ | 2022-07-27T10:58:44Z | https://www.wbtv.com/prnewswire/2022/07/27/otis-reports-second-quarter-2022-results/ | false |
Indiana doctor Caitlin Bernard, who provided a medication abortion for a 10-year-old girl from Ohio who had been raped, says she has been harassed since coming under the national spotlight.
Copyright 2022 NPR
Indiana doctor Caitlin Bernard, who provided a medication abortion for a 10-year-old girl from Ohio who had been raped, says she has been harassed since coming under the national spotlight.
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YORK, Pa., July 27, 2022 /PRNewswire/ -- Traditions Bancorp, Inc. (OTC Pink: TRBK) reported net income of $1.5 million for the second quarter ended June 30, 2022, compared to $1.5 million in the linked quarter and $2.0 million for the second quarter of 2021. This 22% decrease from the second quarter of 2021 was caused by a $1.3 million decline in mortgage banking gains on the sale of loans due to waning home inventories and intense inflation pressure on mortgage interest rates. Favorable offsets to the trend in residential mortgage gains include continued strength in commercial loan production, retention of higher-yielding adjustable rate residential mortgage loans, improved variable rate loan yields associated with the Federal Reserve Bank's recent short-term interest rate increases, and prudent management of loan funding costs. These factors resulted in a 16% increase in net interest income compared to the second quarter of 2021. On a per share basis, the company reported 54 cents earnings per share (diluted) for the second quarter ended June 30, 2022, compared to 52 cents per share in the linked quarter and 62 cents per share for the second quarter of 2021. Due to unrealized investment portfolio losses, Accumulated Other Comprehensive Loss was $9.7 million at quarter-end. It resulted in a book value per common share of $20.37 on June 30, 2022, versus $21.46 in the linked quarter and $22.08 for the second quarter of 2021.
"Traditions Bancorp continues to successfully navigate the headwinds of economic uncertainty and record inflation by focusing on its core strategies of generating superior business loan growth, optimizing balance sheet mix to take advantage of the recent increase in interest rates, prudently managing funding costs in a rising rate environment, and maintaining credit underwriting discipline," stated Eugene J. Draganosky, President and Chief Executive Officer. "In the second quarter of 2022, we improved our margin and net interest income through increased commercial loan activity, retention of mortgage loans at favorable yields, and proactive management of our deposit betas while supporting balance sheet growth. We continue to capitalize on opportunities in our Lancaster and Capital Region markets, strengthening our franchise value. These efforts, coupled with the ongoing execution of our stock repurchase program and the recent announcement of the company's intention to pay regular quarterly cash dividends, will continue to enhance our long-term shareholder value under challenging circumstances."
Quarterly Highlights – Second Quarter 2022 versus Second Quarter 2021
- Loans grew by $64.2 million, or 13%, over 2Q21, despite being tempered by Paycheck Protection Program (PPP) loan forgiveness. Without the impact of PPP forgiveness, loans grew by $92.4 million, or 20%.
- As of June 30, 2022, PPP loan balances outstanding were $2.6 million. This included $0.3 million of remaining balances for first-round loans and $2.3 million of remaining balances for the second round.
- Deposits increased by $66.4 million, or 11%, during the last 12 months.
- Net interest margin expanded to 3.42% in 2Q22 compared to 3.22% in 2Q21, driven by the effective deployment of on-balance sheet liquidity, the Federal Reserve Bank's recent interest rate increases, and a reduction in the cost of funds from 0.33% to 0.15% over the same time horizon.
- Excess cash was deployed to purchase additional investment securities, with balances growing 31% to $135.0 million in 2Q22 versus $102.7 million in 2Q21.
- Gains on the sale of mortgages were $1.6 million for 2Q22, declining 45% from $2.9 million in 2Q21. Volumes remain depressed as market interest rates increased due to continued inflationary pressure and a significant decline in consumer homebuying sentiment, as measured by Fannie Mae's Home Purchase Sentiment Index.
- Residential mortgage loans sold in 2Q22 were $62.9 million compared to $55.2 million in the linked quarter and $109.2 million for 2Q21.
- The mortgage pipeline decreased to $53.3 million from $56.8 million in the linked quarter and decreased from $65.9 million on June 30, 2021.
- On April 19, 2022, the company announced its first quarterly regular cash dividend of eight cents per common share that was paid on May 13, 2022. Subsequently, a second-quarter eight cent per common share cash dividend was declared on July 21, 2022 and is payable on August 15, 2022 to shareholders of record at the close of business on August 5, 2022.
- As part of its Share Repurchase Plan announced on March 24, 2022, the company has repurchased 51,817 shares during the second quarter.
YTD Highlights – Six Months Ended June 30, 2022 versus Six Months Ended June 30, 2021
- Net interest income increased $1.5 million, or 15%, driven by growth in loans and investment securities, the Federal Reserve Bank's recent interest rate increases, and a lower cost of funds.
- On a YTD basis through June, net fee revenue from PPP loans totaled $215 thousand versus $607 thousand in the second quarter of 2021. $76 thousand in gross fees have yet to be recognized.
- Other expense has increased 4% from $12.0 million in 2Q21 to $12.4 million in 2Q22. These expenses will continue to be managed closely for the remainder of 2022.
- Provision for loan losses decreased by $100 thousand, or 100%, from the prior year.
Credit Quality and Capital Insights:
- 2Q22 nonaccrual loans remained flat at $1.2 million compared to 1Q22.
- The company had no foreclosed other real estate owned, or net charge-offs, in the first half of the year.
- Non-performing assets to total assets fell slightly from 0.17% in the linked quarter to 0.16% in the current quarter.
- Delinquencies greater than 30 days were 0.39% of total loans as of June 30, 2022, up from 0.36% as of March 31, 2022.
- The loan loss reserve ratio on June 30, 2022, excluding the PPP portfolio, was 1.30%, and reserves were nearly six times greater than non-performing assets. The company will adopt CECL in 2023.
- The bank remains well capitalized.
SPECIAL CAUTIONARY NOTICE REGARDING FORWARD-LOOKING STATEMENTS:
This release contains forward-looking statements about Traditions Bancorp, Inc. that are intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," "anticipate" or similar terminology. Such forward-looking statements include, but are not limited to, discussions of strategy, financial projections and estimates and their underlying assumptions; statements regarding plans, objectives, goals, expectations or consequences; and statements about future performance, operations, products and services of Traditions Bancorp.
Traditions Bancorp cautions readers not to place undue reliance on forward-looking statements and to consider possible events or factors that could cause results or performance to materially differ from those expressed in the forward-looking statements, including, but not limited to: ineffectiveness of the organization's business strategy due to changes in current or future market conditions; the effects of competition, and of changes in laws and regulations on competition, including industry consolidation and development of competing financial products and services; interest rate movements; difficulties in integrating distinct business operations, including information technology difficulties; challenges in establishing and maintaining operations in new markets; volatilities in the securities markets; and deteriorating economic conditions.
Forward-looking statements in this release speak only as of the date of this release and Traditions Bancorp makes no commitment to review or update such statements to reflect changes that occur after the date the forward-looking statement was made.
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MICHELE NORRIS, host:
From NPR News, this is ALL THINGS CONSIDERED. I'm Michele Norris.
And now, we're going to spend some time with an artist of many names. Growing up in Jamaica, he was known as Wayne Rhoden. He's also known as Rankin' Don, a name he picked up as a D.J. in reggae dancehalls. Now he's teamed up with a popular children's musician, Dan Zanes, where he took on another moniker, Father Goose. And under that name, he aims his dancehall boogie at a pint-sized audience.
(Soundbite of "Sly Mongoose")
FATHER GOOSE (Musician): (Singing) Yeah, man, banana (unintelligible). (unintelligible) make me feel this fish. Replace some food, built (unintelligible). Sly Mongoose.
NORRIS: Father Goose's new solo album, "It's a Bam Bam Diddly," draws on the music he heard as a child growing up in Jamaica. He says he likes to take those traditional songs and add his Father Goose twist.
FATHER GOOSE: To add a few flavors, you know, my own seasoning.
NORRIS: Your own seasoning, huh?
FATHER GOOSE: Yeah.
NORRIS: Okay, what goes into that mix?
FATHER GOOSE: Well, I add some, you know, some nice lyrics, sometimes moods, attitudes and, you know, a few, little of the Goose special ingredients.
(Soundbite of "It's a Bam Bam")
FATHER GOOSE: (Singing) It's a bam bam diddly. Ah, diddly, hey. Bam bam. Well, latest craze today. Down here in Jamaica way. Is bam bam, the latest dance. It might even go to France. Bam bam. Celebration time. Work the body line. It's going around. Inna shanty towns.
NORRIS: Why did you decide to move into children's music? How did that happen?
FATHER GOOSE: It all started when I got a call from a very good friend of mine, Dan Zanes, to try something new. (Unintelligible) kicking and screaming, of course. And…
NORRIS: You didn't like the idea at first?
FATHER GOOSE: Well, it was new to me, so I was trying to start thinking first, I like the idea for recording, but not to perform in front of kids. I didn't know what to say or how to act.
NORRIS: So wait, you're a performer. You're used to - working in dancehalls. And that's a tough audience to make sure that the floor is always filled. You were concerned about performing in front of kids? Is that a tough audience?
FATHER GOOSE: Yes. It's a weird thing. It's easier for me to perform in front of, you know, thousands of people than to perform in front of two or three. You know, it's just a weird thing. I don't know. It's just - that's all I am, I guess.
(Soundbite of "Come Down The Line")
FATHER GOOSE: (Singing) Everybody, everybody, them a come down the line now.
NORRIS: You actually tour with Dan Zanes. And you - he often calls you out in the course of the performance. And people, as I understand, at his concert, the kids often sing along. They know the music. They've heard it. They all hear these songs over and over and over again. Your music is designed to get kids moving. It's really dance music. So what happens in that performance when you step on stage?
FATHER GOOSE: Well, basically, they call it the dance part of the segment. And that's all we do, just dance and have fun, you know? We come out to enjoy ourselves and just have a big party onstage. And that's what I love doing, you know? I love to have fun. The best thing for me is when people enjoying themselves more than anything else. I love to put smiles on people's face. And that in turn lets me feel good inside.
(Soundbite of "Come Down The Line")
FATHER GOOSE: (Singing) Let them do all the limbo. So make them do the Rukumbine now, inna de dance party. Everybody them a come down the line now.
NORRIS: How has it changed you as an artist?
FATHER GOOSE: Well, I'm more disciplined now and more mature, but still, I'm addicted(ph) to dancing. There's no way getting around that.
(Soundbite of "Come Down The Line")
FATHER GOOSE: (Singing) People always come tell me. How them love fe dance up inna de dance party. Make them do the limbo inna de dance party.
NORRIS: I want to ask you about one of the songs on the CD It's called "Music Man." And the first voice that we hear in this song is your mother?
FATHER GOOSE: Yes.
(Soundbite of "Music Man")
Unidentified Woman: Imagine, you have been all over the world now with your music. You are not a little goose anymore. You are Father Goose, the music man.
FATHER GOOSE: (Singing) The goose is out the concert hour. I'm the music man. You know, that's what I am.
NORRIS: How did you choose that name, Father Goose?
FATHER GOOSE: It was the first track that we did called "Father Goose," that was the name of the track. It was a medley. And then the name stuck. I tried everything in my power to get rid of the name because it wouldn't work.
NORRIS: Why didn't you like it?
FATHER GOOSE: I don't know. It was just weird to me at first, coming from Rankin' Don. Father Goose? (Unintelligible). You know, I've got a lot of plugging and a lot of radio stations were like, you're what? Father what? Okay, you believe that the dancehall rude boy is now Father Goose? Come on. You know, so to me, I'm happy because then I bring something new to them.
(Soundbite of "Music Man")
FATHER GOOSE: (Singing) That's what I am. (Unintelligible). Music everyday, hey.
NORRIS: Have you always turned to music to express yourself or for comfort? Or what does music mean to you?
FATHER GOOSE: Music is like oxygen to me. I try to walk away from it, put it aside and it keeps pulling me back. You know, I just love music, everything about music. I just love to express myself. It brings my mood up, everything. It's so good. It's the tool to help me let people enjoy themselves on many levels.
(Soundbite of "Nah Eat No Fish")
FATHER GOOSE: (Singing) Worse than pee-rye, mama. Worse than pee-rye. Cumba cumba fish mama. Nah eat no fish. Worse than pee-rye, mama. Worse than pee-rye. Cumba cumba fish mama. Nah eat no fish.
NORRIS: Well, you know, I keep calling you Father Goose because I'm not sure if I should call you Wayne or Rankin' Don.
FATHER GOOSE: Father Goose is perfect. I love it.
NORRIS: Father Goose is perfect, Okay.
FATHER GOOSE: I love the name Father Goose.
NORRIS You embrace it now?
FATHER GOOSE: I embrace it with a lot of love.
NORRIS: All right. Well, Father Goose, thank you so much for coming in to talk to us.
FATHER GOOSE: Thank you.
NORRIS: That was Father Goose. His new album is called "It's a Bam Bam Diddly."
(Soundbite of "Nah Eat No Fish")
FATHER GOOSE: (Singing) Cumba cumba fish mama. Nah eat no fish. Cumba cumba fish mama. Nah eat no fish.
NORRIS: You're listening to ALL THINGS CONSIDERED from NPR News. Transcript provided by NPR, Copyright NPR. | https://www.kbia.org/2008-01-01/father-goose-its-a-bam-bam-diddly | 2022-07-27T11:03:18Z | https://www.kbia.org/2008-01-01/father-goose-its-a-bam-bam-diddly | true |
Members of the Little Rock Board of Directors discussed a troubled apartment complex on Colonel Glenn Road at a city board meeting Tuesday afternoon after the city attorney informed them last week that officials planned to undertake a thorough inspection.
The Big Country Chateau apartment complex at 6200 Colonel Glenn Road in Little Rock has been the subject of recent news reports.
A July 19 report from television station KARK said residents had received fliers informing them that water service would be discontinued indefinitely starting Sept. 1.
A THV 11 report updated July 20 said the apartment complex's management had informed residents there would be no water service stoppage, but the television station reported that according to the regional water utility Central Arkansas Water, service was still set to be shut off in under two months.
In an email addressed to the mayor and city board members last week, Little Rock City Attorney Tom Carpenter explained the apartment complex's history in light of reports of the impending water shutoff.
A 2019 report of the smell of leaking gas led to a shutoff; in addition to the faulty lines needing repairs, an inspection revealed lines that were not up to code, Carpenter wrote on July 19.
"This has never been done," he wrote, adding that the owners pleaded no contest in December 2019 to a citation in the Little Rock District Court's environmental division. At the moment, approximately nine buildings have not met code standards, Carpenter wrote.
"The concerns about water service arose recently," Carpenter wrote. "The gas lines are actually encased in pavement without [a] conduit, which would help detect leaks and repair them, but [they] have not been inspected again since 2019."
Officials from several city departments held a meeting that same day to discuss the apartment complex, Carpenter wrote, adding that "the first conclusion is that [the] extent of damage and danger cannot be determined without a thorough inspection of the entire complex." Kevin Howard, the director of the city's Department of Housing and Neighborhood Programs, would coordinate the inspection with the other departments, Carpenter wrote.
In a follow-up email to city officials sent Monday morning, Carpenter wrote, "Data is needed to determine which next steps we should be taking. I do not have that data."
With regard to the question of whether the city could pay the outstanding utility bills for the complex, the general answer was no, Carpenter indicated. The city might be able to impose a lien on the property in order to make repairs to the natural gas lines, Carpenter wrote, but he went on to suggest that such a step would be impractical.
"In any event, the work towards the apartments is not the purview of this office now, and will not be unless and until the Board makes the requisite policy decisions. Again, that discussion seems totally premature until the Board has information about the issue," he wrote.
At the city board's regular meeting Tuesday to set the agenda for next week, Carpenter indicated that officials had learned of the complex's "substantial" unpaid bill to Central Arkansas Water, as well as the fact that power company Entergy planned to cut off electricity as of Sept. 1.
Mayor Frank Scott Jr.'s chief of staff Kendra Pruitt began leading the effort on the Big Country Chateau on Monday, taking over for Howard, Carpenter recalled during the meeting.
Scott indicated that city officials would "step up as best as possible" and work with the city board to arrange "temporary placement" for individuals if necessary.
At-large City Director Antwan Phillips, an attorney in private practice, asked to be told of possible "legal remedies" beyond the ongoing matter in environmental court so the city board could direct the city attorney to take certain actions with protecting tenants in mind.
Carpenter said more information was still needed, but noted that in the event water or electricity is cut off, "then we're going to have to get people out of the place that are living there." Some of the residents have Section 8 housing vouchers, Carpenter said.
A hearing in environmental court was scheduled for August, the city attorney said at one point.
While she said she supported Carpenter taking the time to ensure the I's are dotted and T's are crossed, City Director Doris Wright of Ward 6 urged officials to take action in light of the fact that tenants in the complex are receiving vouchers for housing. She referred to the possibility that the city might have to relocate individuals and the Little Rock public housing authority proves to be uncooperative.
Vice Mayor Lance Hines of Ward 5 also encouraged officials to talk to the housing authority. Hines suggested that the possibility of "some type of fraud" might be "the biggest stick to get something done" while pursuing all avenues in search of a resolution. Scott indicated that he agreed.
The site appears to have drawn the attention of police officers, too, with regard to violent crime.
During a community meeting Thursday, the Big Country Chateau was one of several apartment complexes Maj. Casey Clark, the head of the Little Rock Police Department's Northwest Patrol Division, referred to in the context of properties where crime is frequent, the Arkansas Democrat-Gazette reported. Two homicides have been reported at the Big Country Chateau so far this year, the newspaper reported.
While responding to a resident's question, Clark suggested that the situation involving utilities at Big Country Chateau would change within days but did not offer more details, the Democrat-Gazette reported.
A voicemail left with the apartment complex was not immediately returned Tuesday evening. | https://www.arkansasonline.com/news/2022/jul/27/little-rock-city-officials-zero-in-on-troubled/ | 2022-07-27T11:05:46Z | https://www.arkansasonline.com/news/2022/jul/27/little-rock-city-officials-zero-in-on-troubled/ | true |
FRANKFURT, Germany (AP) _ Deutsche Bank AG (DB) on Wednesday reported second-quarter profit of $744.7 million.
The bank, based in Frankfurt, Germany, said it had earnings of 35 cents per share.
The bank posted revenue of $9.08 billion in the period. Its revenue net of interest expense was $7.09 billion, surpassing 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 DB at https://www.zacks.com/ap/DB | https://www.sfchronicle.com/business/article/Deutsche-Bank-Q2-Earnings-Snapshot-17331643.php | 2022-07-27T11:06:27Z | https://www.sfchronicle.com/business/article/Deutsche-Bank-Q2-Earnings-Snapshot-17331643.php | true |
ATLANTA (AP) _ Marine Products Corp. (MPX) on Wednesday reported second-quarter profit of $10 million.
On a per-share basis, the Atlanta-based company said it had net income of 29 cents.
The recreational boat maker posted revenue of $95.8 million in the period.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MPX at https://www.zacks.com/ap/MPX | https://www.sfchronicle.com/business/article/Marine-Products-Q2-Earnings-Snapshot-17331739.php | 2022-07-27T11:07:04Z | https://www.sfchronicle.com/business/article/Marine-Products-Q2-Earnings-Snapshot-17331739.php | false |
NEW YORK, July 27, 2022 /PRNewswire/ --The Gross Law Firm issues the following notice to shareholders of Missfresh Limited.
Shareholders who purchased shares of MF during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/missfresh-lawsuit-loss-submission-form/?id=30253&from=4
CLASS PERIOD: This lawsuit is on behalf of persons who purchased or otherwise acquired Missfresh securities pursuant and/or traceable to the registration statement and related prospectus issued in connection with Missfresh's June 2021 initial public offering.
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Missfresh provided false financial figures in its registration statement and related prospectus issued in connection with the Company's June 2021 initial public offering; (2) Missfresh would need to amend its financial figures; (3) Missfresh, among other things, had lesser net revenues for the quarter ended March 31, 2021; and (4) as a result, defendants' public statements were materially false and misleading at all relevant times and negligently prepared.
DEADLINE: September 12, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/missfresh-lawsuit-loss-submission-form/?id=30253&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of MF during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is September 12, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content:
SOURCE The Gross Law Firm | https://www.kxii.com/prnewswire/2022/07/27/shareholder-alert-gross-law-firm-notifies-shareholders-missfresh-limited-class-action-lawsuit-lead-plaintiff-deadline-september-12-2022-nasdaq-mf/ | 2022-07-27T11:07:27Z | https://www.kxii.com/prnewswire/2022/07/27/shareholder-alert-gross-law-firm-notifies-shareholders-missfresh-limited-class-action-lawsuit-lead-plaintiff-deadline-september-12-2022-nasdaq-mf/ | true |
BERLIN (AP) — The German government plans to reduce incentive payments for buyers of electric cars and end incentives for buying plug-in hybrids at the end of this year.
The government had announced shortly after taking office in December that, starting in 2023, it would only provide payments for electric vehicles that "demonstrably have a positive climate-protection effect.” It unveiled details of the new system late Tuesday.
At present, buyers of electric-only cars are eligible for incentives of up to 6,000 euros ($6,100) and people who buy plug-in hybrids can get up to 4,500 euros.
The economy and climate ministry said the number of electric cars on the road is rising fast, with the total expected to near 2 million this year. They “are becoming ever more popular and will need no state subsidies in the foreseeable future,” minister Robert Habeck said in a statement.
Starting in January, incentives for electric and fuel-cell cars will be cut to 4,500 euros apiece for vehicles with a list price of up to 40,000 euros and to 3,000 euros for cars costing 40,000-65,000 euros.
From September next year, incentives will be limited to private individuals, though the government is considering allowing small businesses and charitable organizations to remain eligible.
From January 2024, incentives will be cut to 3,000 euros for vehicles priced at up to 45,000 euros and scrapped for more expensive cars.
The funding will also be capped, and incentives will end once it is exhausted. German news agency dpa, citing unidentified government officials, reported that the total available for 2023 and 2024 will be 3.4 billion euros.
The government wants to have at least 15 million fully electric cars on the road by 2030. It also aims to step up efforts against climate change by expanding the use of renewable energy and bringing Germany’s exit from coal-fired power forward from 2038, “ideally” to 2030.
___
Follow all AP stories about climate change issues at https://apnews.com/hub/Climate. | https://www.sfchronicle.com/news/article/Germany-to-reduce-financial-incentives-to-buy-17331668.php | 2022-07-27T11:08:54Z | https://www.sfchronicle.com/news/article/Germany-to-reduce-financial-incentives-to-buy-17331668.php | true |
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BEIJING (AP) — U.S. President Joe Biden is planning to speak with his Chinese counterpart Xi Jinping for the first time in four months, with a wide range of bilateral and international issues on the table.
But a potential visit to Taiwan by Speaker of the House Nancy Pelosi is looming over the conversation set for Thursday, with China warning of a severe response if she travels to the self-governing island democracy Beijing claims as its own territory.
On Wednesday, China’s Foreign Ministry declined to comment on the presidential phone call. However, spokesperson Zhao Lijian reiterated China's warnings over a Pelosi visit.
“If the U.S. insists on going its own way and challenging China's bottom line, it will surely be met with forceful responses," Zhao told reporters at a daily briefing. “All ensuing consequences shall be borne by the U.S."
Pelosi's office has yet to say when, or even if, she will proceed with the visit, but the timing is especially sensitive amid heightened tensions between Beijing and Washington over trade, human rights and Taiwan.
While the U.S. has in recent years sent a Cabinet secretary and high-ranking former officials to Taiwan, Pelosi's status as the top congressional Democrat and second in line of succession to the presidency puts her in a separate category. The speaker has made standing up to China a key feature of her more than three decades in Congress.
While Biden has no authority to prevent Pelosi visiting, China's authoritarian Communist government chooses to ignore the separation of powers in the U.S., saying Congress is beholden to the administration. In Beijing's perception, the fact both belong to the Democratic Party reinforces the notion that Pelosi is somehow working with Biden's assent.
Despite that, Biden last week told reporters that U.S. military officials believed it was “not a good idea” for the speaker to visit the island at the moment. The Financial Times reported last week that Pelosi planned to visit Taiwan in August, a trip that had originally been planned for April but was postponed after she tested positive for COVID-19.
Pelosi would be the highest-ranking U.S. elected official to travel to Taiwan since Republican Newt Gingrich visited the island in 1997 when he served as House speaker. Gingrich and other prominent Republicans who are normally highly critical of Pelosi have offered their encouragement, saying China has no right to dictate where Americans can travel to.
China has given no details on what specific actions it would take in response, but experts say it could launch additional incursions into waters and airspace near Taiwan, or even cross the center line of the Taiwan Strait dividing the two. Some have speculated China might even attempt to prevent her plane from landing, something that would spark a major crisis and is generally considered unlikely.
U.S. officials told The Associated Press that if Pelosi goes to Taiwan, the military will increase movement of forces and assets in the Indo-Pacific region.
They declined to provide details, but said that fighter jets, ships, surveillance assets and other military systems would likely be used to provide overlapping rings of protection for her flight to Taiwan and any time on the ground there.
A possible Pelosi visit makes it even more important that Xi and Biden hold a meaningful discussion, said Yu Wanli, a professor of international relations at Beijing Language and Culture University.
Although both their administrations are opposed to it, Pelosi’s visit “has been hijacked by U.S. domestic politics, with Republicans and other forces exerting pressure not to show weakness to China," Yu said.
“The issue of how China and the U.S. manage and control the Taiwan issue has become an urgent matter, and therefore the talk between the two leaders is very timely and necessary," he said.
The U.S. has only informal relations and defense ties with Taipei in deference to China, but remains the island's most important source of military and political support. Legally, the U.S. is obligated to ensure Taiwan can defend itself and regard threats to it as matters of “grave concern."
China, which in recent years has boosted its threat to use force to annex Taiwan if necessary, objects to all U.S. arms sales and contacts with the island's government.
It regularly stages military exercises and flies warplanes into Taiwan's air defense identification zone, in what it calls warnings to supporters of the island's formal independence and their foreign allies.
The sides split amid civil war in 1949 and Taiwanese President Tsai Ing-wen has refused Beijing's demand that she recognize the island as a part of China. Public sentiment in Taiwan strongly favors maintaining the status quo of de-facto independence without further antagonizing Beijing.
Along with Taiwan, North Korea’s nuclear program, Beijing's close ties to Russia, efforts by Biden to revive the Iran nuclear deal and the status of the U.S. administration’s review of tough tariffs imposed on China by the Trump administration are likely to feature in discussions between the leaders.
Taiwan was a central topic during Biden and Xi’s last call in March, about three weeks after Russia launched its invasion of Ukraine. China has refused to criticize Russia's move, blames the U.S. and NATO for provoking Moscow and has blasted punishing sanctions imposed on Vladimir Putin's government and political cronies. | https://www.sfchronicle.com/news/article/Xi-Biden-to-speak-as-possible-Pelosi-Taiwan-17331621.php | 2022-07-27T11:09:19Z | https://www.sfchronicle.com/news/article/Xi-Biden-to-speak-as-possible-Pelosi-Taiwan-17331621.php | false |
Neglected horse fighting for life after rescue; other horses still missing
JONES COUNTY, Miss. (WDAM/Gray News) - Authorities in Mississippi are looking for two possible neglected horses while a recently surrendered horse is recovering from severe dehydration, overheating and malnourishment.
An elderly horse, estimated to be anywhere from 20 to 30 years old, was found collapsed in Jones County on July 10. Now called Daisy, she was found severely dehydrated, overheated and malnourished.
WARNING: The following video contains content viewers may find disturbing.
“She had been down, actually, I think, for a couple of hours,” said Miranda Swilley, president of Homeward Horse & Hound of Mississippi. “Called a vet to have them come out, and we came and got the trailer and then went up there and started working on her.”
Rescuers said Daisy was barely alive, WDAM reports.
“The vet arrived, and we talked to him to see if this was a situation that she could be saved,” Swilley said.
But, the mare wasn’t ready to give up. Neither was Homeward Horse & Hound Rescue.
“(The vet) said, ‘Let’s give it a shot,’ and so we did,” Swilley said. “The whole community came out. We had multiple tractors come to try and pick her up. People brought generators and fans to put on her to help her cool down because she was extremely overheated. It was really surprising to see how many people showed up for her.”
Daisy couldn’t get up on her own. But once she made it to the rescue, she began improving.
“It took an army to get her onto the trailer,” Swilley said. “And so, we got her up here. She actually went down again when she got here, but once we got her up, she spent a good two days up before she had to lay down to rest. And, she’s been improving ever since. She’s put on about 63 lbs in two weeks.”
According to Chief Deputy Mitch Sumrall with the Jones County Sheriff’s Department, the man who surrendered the horse is not being charged with any crimes. He said this is because deputies believe the man bought Daisy in an effort to help her, and when deputies looked at the man’s other horses, they all looked healthy.
Unfortunately, it’s possible Daisy was with other horses in the same condition. According to the sheriff’s department, the man who surrendered Daisy said she was with two other horses when he bought her.
“He said that there were two more horses that were just as bad of shape,” Sumrall said.
Members of the sheriff’s department, along with the rescue center, went door to door in the Rawls Road area hoping to find out where the other horses were but came up empty-handed.
“We went down there to just about every residence on Rawls Road and couldn’t find the other two horses,” Sumrall said.
Now the department needs help to save the other two horses.
“If the public has any information, they don’t have to give their name,” Sumrall said. “If they just call in, give us an address, we’ll be happy to go look. No animal deserves to be treated like that.”
If you have any information that could lead to the location of the other horses, you’re asked to call the Jones County Sheriff’s Department at 601-425-3147. Anonymous tips can also be made online.
For more information on Homeward Horse & Hound of Mississippi, including ways to help Daisy and other rescues, click here.
Copyright 2022 WDAM via Gray Media Group, Inc. All rights reserved. | https://www.newschannel6now.com/2022/07/27/neglected-horse-fighting-life-after-rescue-other-horses-still-missing/ | 2022-07-27T11:10:00Z | https://www.newschannel6now.com/2022/07/27/neglected-horse-fighting-life-after-rescue-other-horses-still-missing/ | false |
NEW YORK, July 27, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Yext, Inc..
Shareholders who purchased shares of YEXT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/yext-class-action-lawsuit/?id=30247&from=4
CLASS PERIOD: March 4, 2021 to March 8, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) Yext's revenue and earnings were significantly deteriorating because of, among other things, poor sales execution and performance, as well as COVID-19 related disruptions; (ii) accordingly, Yext was unlikely to meet consensus estimates for its full year fiscal 2022 financial results and fiscal 2023 outlook; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.
DEADLINE: August 16, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/yext-class-action-lawsuit/?id=30247&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of YEXT during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is August 16, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content:
SOURCE The Gross Law Firm | https://www.wagmtv.com/prnewswire/2022/07/27/shareholder-alert-gross-law-firm-notifies-shareholders-yext-inc-class-action-lawsuit-lead-plaintiff-deadline-august-16-2022-nyse-yext/ | 2022-07-27T11:11:26Z | https://www.wagmtv.com/prnewswire/2022/07/27/shareholder-alert-gross-law-firm-notifies-shareholders-yext-inc-class-action-lawsuit-lead-plaintiff-deadline-august-16-2022-nyse-yext/ | true |
HONG KONG, July 27, 2022 /PRNewswire/ -- The new kitchen appliance brand Hazel Quinn announced the launch of the world's first true filter-free slow juicer today. With six patented technologies, including a revolutionary no-filter design, this product brings customers an easier usage and cleaning experience than ever, all while maintaining efficient juice extraction, fiber-rich pulp, and optimal nutrition that pleasantly nourishes their body and mind. The Hazel Quinn slow juicer is now available for pre-sale on Indiegogo and Kickstarter.
At a time when consumers are living in a fast-paced world and their attention to well-being is growing, balancing efficiency and healthy life has become an important theme for every industry. The Hazel Quinn slow juicer, designed to be an energy-refueling base, can be one of the solutions that gives users a kick start to their days without making preparation at home exhausting and time-consuming. Its biggest highlight is the true filter-free structure that avoids nooks and crannies, fundamentally cutting down on cleaning time and preventing bacteria growth for hassle-free and high-quality juicing. From fruits to vegetables to leafy greens, the exclusive auger thoroughly squeezes and liquefies ingredients while maintaining pulps that the gut will love. This gadget is also easy to assemble and disassemble thanks to the four juicer accessories. Moreover, its one-button removal of the juicing body, anti-drip nozzle, dual fixation technology, and simple appearance also contribute to making it straightforward to use, clean, and store for both beginners and juicing enthusiasts.
"We're thrilled to release this kitchen appliance to the public," said Ellis Bailey, Research and Development Director of Hazel Quinn. "Determined to create an innovative slow juicer to solve juicing pain points faced by home cooks everywhere, we spent more than 16 months developing it, and we believe it will revolutionize the way that people up their intake of fiber and vitamins.
Not only that, but this tool will break the barriers of what a cold press juicer could be—by relieving customers from daily chores and prioritizing their precious leisure and family time that truly cultivate joy and vibrancy. We realize this goal with the extreme pursuit of ease of use, a minimalist aesthetic, and the ultimate concern of customers. "
The Hazel Quinn slow juicer retails for $129 and is now available to purchase for a super early bird price of $65 on Indiegogo and Kickstarter for time-limited crowdfunding campaigns.
More details about the campaigns:
https://www.indiegogo.com/projects/the-world-s-first-true-filter-free-slow-juicer
https://www.kickstarter.com/projects/hazel-quinn/the-worlds-first-true-filter-free-slow-juicer
Patented features of the Hazel Quinn slow juicer include:
- True Filter Free Design: By removing the sharp and porous strainer, the product further ensures your simple cleaning, safe use, and healthy drinking.
- Exclusive Auger: Safe bladeless design and fine grinding are presented by our customized auger after seven mold upgrades.
- 70's Retro Appearance: Highlight your kitchen with the era-inspired design and concise style.
- One Button Assembly and Disassembly: Install or remove the juicing body by pressing the button on the machine base.
- Dual-Axis Fixation: The two retaining accessories at both ends of the food processing unit enable minimum wobbling and maximum durability.
- Anti-Drip Nozzle: Rotate the anti-drip nozzle to block the juice outlet and avoid drips staining the machine and countertop after each use.
About Hazel Quinn
Originally founded in 2021, Hazel Quinn is a Hong Kong-based kitchen appliance brand that produces distinguished products with retro style, classic colors, and fine craftsmanship. With a collection of well-made electric kettles, toasters, slow juicers, and other kitchen essentials suiting various scenarios and aesthetic tastes, the company integrates cutting-edge technologies with unmistakable designs to pleasantly spark inspiration and enable people who enjoy cooking to live their best lives in kitchens and beyond. As an affordable luxury appliance brand, Hazel Quinn will continuously deliver high aesthetic value, a pleasant user experience, and a passion for good food to customers worldwide. To learn more, visit HazelQuinn.com or join us at Facebook.com/HazelQuinnOfficial.
Related Links
https://www.indiegogo.com/projects/the-world-s-first-true-filter-free-slow-juicer
https://www.kickstarter.com/projects/hazel-quinn/the-worlds-first-true-filter-free-slow-juicer
https://hazelquinn.com/pages/the-future-of-slow-juicer
https://hazelquinn.com/
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SOURCE Hazel Quinn Appliances Co., Ltd. | https://www.cleveland19.com/prnewswire/2022/07/27/hazel-quinn-launches-worlds-first-true-filter-free-slow-juicer/ | 2022-07-27T11:15:41Z | https://www.cleveland19.com/prnewswire/2022/07/27/hazel-quinn-launches-worlds-first-true-filter-free-slow-juicer/ | true |
— Second Quarter Revenues of $276.2 Million Reflect Strong Growth in Proprietary Net Sales —
— GAAP Loss per Share of $0.18 and Non-GAAP Earnings per Share of $0.06 —
— Raises Financial Expectations for Full-Year 2022—
DUBLIN, July 27, 2022 /PRNewswire/ -- Alkermes plc (Nasdaq: ALKS) today reported financial results for the second quarter of 2022 and provided updated financial expectations for full-year 2022.
"In the second quarter, Alkermes continued to execute successfully across the business. VIVITROL® and ARISTADA® both grew year-over-year and sequentially, and LYBALVI® continued on a strong launch trajectory," commented Iain Brown, Chief Financial Officer of Alkermes. "Today, we are pleased to be raising our financial expectations for full-year 2022, primarily due to LYBALVI's launch performance and updated assumptions related to continued royalty revenues on sales of long-acting INVEGA® products outside of the U.S. We believe that we are well positioned to continue to make meaningful progress against our strategic priorities and to drive shareholder value."
Quarter Ended June 30, 2022 Financial Results
Revenues
- Total revenues for the quarter were $276.2 million, compared to $303.7 million for the same period in the prior year.
- Net sales of proprietary products for the quarter were $190.8 million, compared to $160.8 million for the same period in the prior year.
- Net sales of VIVITROL were $96.1 million, compared to $88.4 million for the same period in the prior year, representing an increase of approximately 9%.
- Net sales of ARISTADAi were $74.6 million, compared to $72.4 million for the same period in the prior year, representing an increase of approximately 3%.
- Net sales of LYBALVI were $20.1 million, following its commercial launch in October 2021.
- Manufacturing and royalty revenues for the quarter were $85.3 million, compared to $142.3 million for the same period in the prior year.
- Royalty revenues from INVEGA SUSTENNA®/XEPLION®, INVEGA TRINZA®/TREVICTA® and INVEGA HAFYERA®/BYANNLI® (the long-acting INVEGA products) were $26.6 million, compared to $81.1 million for the same period in the prior year. This decrease was driven primarily by Janssen Pharmaceutica N.V.'s (Janssen) partial termination of the license agreement related to sales of the long-acting INVEGA products in the United States (U.S.).
- Manufacturing and royalty revenues from VUMERITY® were $26.2 million, compared to $20.3 million for the same period in the prior year.
Costs and Expenses
- Total operating expenses for the quarter were $310.7 million, compared to $299.3 million for the same period in the prior year, primarily reflecting increased investment to support the commercial launch of LYBALVI.
- Cost of Goods Manufactured and Sold were $58.4 million, compared to $53.1 million for the same period in the prior year.
- Research and Development (R&D) expenses were $92.9 million, compared to $97.5 million for the same period in the prior year.
- Selling, General and Administrative (SG&A) expenses were $150.4 million, compared to $139.2 million for the same period in the prior year.
Profitability
- Net loss according to generally accepted accounting principles in the U.S. (GAAP) was $30.1 million for the quarter, or a basic and diluted GAAP loss per share of $0.18. This compared to GAAP net income of $2.4 million, or a basic and diluted GAAP earnings per share of $0.01, for the same period in the prior year.
- Non-GAAP net income was $10.5 million for the quarter, or a non-GAAP basic and diluted earnings per share of $0.06. This compared to non-GAAP net income of $49.2 million for the quarter, or a non-GAAP basic earnings per share of $0.31 and a diluted earnings per share of $0.30, for the same period in the prior year.
Balance Sheet
- At June 30, 2022, the company recorded cash, cash equivalents and total investments of $760.0 million, compared to $758.7 million at March 31, 2022. The company's total debt outstanding as of June 30, 2022 was $294.5 million.
"Our second quarter results reflect revenue growth from our proprietary commercial portfolio, highlighted by our continued progress in the launch of LYBALVI, a new oral treatment for schizophrenia and bipolar I disorder," said Richard Pops, Chief Executive Officer of Alkermes. "At the same time, we continued to make progress in our development pipeline, highlighted by the presentation of nemvaleukin ARTISTRY-1 data at the 2022 ASCO annual meeting. As we strive to make a meaningful impact on the lives of patients and families, we will continue to focus on execution against our strategic priorities and our commitment to deliver value for our shareholders."
Financial Expectations for 2022
The following updated financial expectations for 2022 primarily reflect LYBALVI's launch performance to date and the company's current assumption that it will continue to receive royalty payments related to sales of the long-acting INVEGA products outside the U.S. through at least October 2022. All line items are according to GAAP, except as otherwise noted.
Recent Events:
Oncology
- In June 2022, the company presented data from its phase 1/2 ARTISTRY-1 clinical trial for nemvaleukin alfa (nemvaleukin), the company's novel, investigational, engineered interleukin-2 (IL-2) variant immunotherapy, at the American Society of Clinical Oncology (ASCO) Annual Meeting. Trial-in-progress posters from the ongoing ARTISTRY-3 trial and the potential registration-enabling ARTISTRY-6 and ARTISTRY-7 trials were also presented at the ASCO meeting.
Psychiatry
- In May 2022, the company presented research related to its psychiatry portfolio at four scientific conferences. The meetings included: American Telemedicine Association (ATA) Annual Conference, International Society for Pharmacoeconomics and Outcomes Research (ISPOR) Annual Meeting, American Psychiatric Association (APA) Annual Meeting, and American Society of Clinical Psychopharmacology (ASCP) Annual Conference.
Other
- In May 2022, the company announced a series of actions as part of its ongoing commitment to strong corporate governance and regular board refreshment, including the appointment to the company's Board of Directors (the Board) of Christopher I. Wright, M.D., Ph.D., a new, independent director with neuroscience and drug development expertise and the seventh independent director to join the Board in the last three years; the appointment of Nancy J. Wysenski as Lead Independent Director of the Board; and the retirement from the Board of two longer-serving directors, David W. Anstice AO and Wendy L. Dixon, Ph.D.
Conference Call
Alkermes will host a conference call and webcast presentation with accompanying slides at 8:00 a.m. ET (1:00 p.m. BST) on Wednesday, July 27, 2022, to discuss these financial results and provide an update on the company. The webcast may be accessed on the Investors section of Alkermes' website at www.alkermes.com. The conference call may be accessed by dialing +1 877 407 2988 for U.S. callers and +1 201 389 0923 for international callers. In addition, a replay of the conference call will be available from 11:00 a.m. ET (4:00 p.m. BST) on Wednesday, July 27, 2022, through Wednesday, August 3, 2022, and may be accessed by visiting Alkermes' website or by dialing +1 877 660 6853 for U.S. callers and +1 201 612 7415 for international callers. The replay conference ID is 13731319.
About Alkermes plc
Alkermes plc is a fully-integrated, global biopharmaceutical company developing innovative medicines in the fields of neuroscience and oncology. The company has a portfolio of proprietary commercial products focused on alcohol dependence, opioid dependence, schizophrenia and bipolar I disorder, and a pipeline of product candidates in development for neurodegenerative disorders and cancer. Headquartered in Dublin, Ireland, Alkermes has an R&D center in Waltham, Massachusetts; a research and manufacturing facility in Athlone, Ireland; and a manufacturing facility in Wilmington, Ohio. For more information, please visit Alkermes' website at www.alkermes.com.
Non-GAAP Financial Measures
This press release includes information about certain financial measures that are not prepared in accordance with GAAP, including non-GAAP net income (loss) and non-GAAP basic and diluted earnings (loss) per share. These non-GAAP measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similar measures presented by other companies.
Non-GAAP net income (loss) adjusts for certain one-time and non-cash charges by excluding from GAAP results: share-based compensation expense; amortization; depreciation; non-cash net interest expense; change in the fair value of contingent consideration; certain other one-time or non-cash items; and the income tax effect of these reconciling items.
The company's management and board of directors utilize these non-GAAP financial measures to evaluate the company's performance. The company provides these non-GAAP financial measures of the company's performance to investors because management believes that these non-GAAP financial measures, when viewed with the company's results under GAAP and the accompanying reconciliations, are useful in identifying underlying trends in ongoing operations. However, non-GAAP net income (loss) and non-GAAP basic and diluted earnings (loss) per share are not measures of financial performance under GAAP and, accordingly, should not be considered as alternatives to GAAP measures as indicators of operating performance. Further, non-GAAP net income (loss) and non-GAAP basic and diluted earnings (loss) per share should not be considered measures of the company's liquidity.
A reconciliation of GAAP to non-GAAP financial measures has been provided in the tables included in this press release.
Note Regarding Forward-Looking Statements
Certain statements set forth in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, but not limited to, statements concerning: the company's expectations concerning its future financial and operating performance, business plans or prospects, including its assumptions regarding royalty payments on sales of the long-acting INVEGA products outside the U.S., its commitment and plans to drive shareholder value, and its ability to execute on its strategic priorities; and the potential therapeutic and commercial value of the company's products. The company cautions that forward-looking statements are inherently uncertain. The forward-looking statements are neither promises nor guarantees and they are necessarily subject to a high degree of uncertainty and risk. Actual performance and results may differ materially from those expressed or implied in the forward-looking statements due to various risks and uncertainties. These risks and uncertainties include, among others: the company's efforts to manage its cost structure may not yield the intended results; the company may not be able to achieve long-term profitability or its profitability targets in a timely manner or at all; the impacts of the ongoing COVID-19 pandemic on the company's business, results of operations or financial condition, including impacts on healthcare systems and on patient and healthcare provider access to the company's marketed products; the unfavorable outcome of arbitration or litigation, including so-called "Paragraph IV" litigation and other patent litigation, or other disputes related to the company's products or products using the company's proprietary technologies, including the arbitration proceedings with Janssen; clinical development activities may not be completed on time or at all; the results of the company's development activities may not be positive, or predictive of final results from such activities, results of future development activities or real-world results; the U.S. Food and Drug Administration (FDA) may not agree with the company's regulatory approval strategies or components of the company's marketing applications; the FDA or regulatory authorities outside the U.S. may make adverse decisions regarding the company's products; the company and its licensees may not be able to continue to successfully commercialize their products; there may be a reduction in payment rate or reimbursement for the company's products or an increase in the company's financial obligations to government payers; the company's products may prove difficult to manufacture, be precluded from commercialization by the proprietary rights of third parties, or have unintended side effects, adverse reactions or incidents of misuse; and those risks and uncertainties described under the heading "Risk Factors" in the company's Annual Report on Form 10-K for the year ended Dec. 31, 2021 and in subsequent filings made by the company with the U.S. Securities and Exchange Commission (SEC), which are available on the SEC's website at www.sec.gov. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by law, the company disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release.
VIVITROL® is a registered trademark of Alkermes, Inc.; ARISTADA®, ARISTADA INITIO® and LYBALVI® are registered trademarks of Alkermes Pharma Ireland Limited, used by Alkermes, Inc. under license; BYANNLI®, INVEGA®, INVEGA HAFYERA®, INVEGA SUSTENNA®, INVEGA TRINZA®, TREVICTA® and XEPLION® are registered trademarks of Johnson & Johnson Corporation; and VUMERITY® is a registered trademark of Biogen Inc., used by Alkermes under license.
(tables follow)
Alkermes Contacts:
For Investors: Sandy Coombs +1 781 609 6377
For Media: Katie Joyce +1 781 249 8927
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SOURCE Alkermes plc | https://www.kfyrtv.com/prnewswire/2022/07/27/alkermes-plc-reports-second-quarter-2022-financial-results/ | 2022-07-27T11:18:43Z | https://www.kfyrtv.com/prnewswire/2022/07/27/alkermes-plc-reports-second-quarter-2022-financial-results/ | false |
JERUSALEM (AP) — Israel’s Antiquities Authority said Monday it has discovered a rare 1,850-year-old bronze zodiac coin during an underwater survey off the coastal city of Haifa.
The coin bears the image of the zodiac sign Cancer behind a depiction of the moon goddess Luna.
Experts say the coin was minted in Alexandria, Egypt, under the rule of the Roman Emperor Antoninus Pius, who ruled between the years 138–161 A.D. It is part of a series of 13 coins depicting the 12 zodiac signs and one of the entire zodiac wheel.
The antiquities authority said it was the first time such a coin has been found off the Israeli coast.
“These finds, which were lost at sea and disappeared from sight for hundreds and thousands of years, have been remarkably well preserved,” said Jacob Sharvit, director of the Israel Antiquities Authority Maritime Archaeology Unit. He said some of these discoveries are rare and complete “parts of the historical puzzle of the country’s past.” | https://phl17.com/news/international/ap-international/in-a-first-coin-bearing-zodiac-found-off-israels-coast/ | 2022-07-27T11:21:36Z | https://phl17.com/news/international/ap-international/in-a-first-coin-bearing-zodiac-found-off-israels-coast/ | false |
MEXICO CITY (AP) — In a bid to stoke nationalism and justify his policies, Mexico’s president has increasingly taken to calling his opponents “traitors” and accused them of working for the foreign governments.
Analysts say President Andrés Manuel López Obrador is starting to sound more like right-wing Hungarian Prime Minister Viktor Orban, calling anyone who opposes him a foreign agent.
The issue came to a head last week when President Andrés Manuel López Obrador tried to side-step court challenges to one of his pet projects by declaring a tourist train line “an issue of national security,” without explaining why a tourism project warranted that status.
On Monday, the president said it was a case of foreign intervention by environmentalists paid by the U.S. government, a heady accusation in a country that has been invaded several times.
“Pseudo environmentalists come from Mexico City and other parts of the country, financed by the government of the United States, and they file these injunctions against us,” said López Obrador. “It is an issue of national security for many reasons, because a foreign government is interfering.”
Activist Pepe Urbina filed one of the court challenges that stalled the Maya Train project, which is cutting a swath through the jungle on Mexico’s Caribbean coast. The project threatens extensive sinkhole caverns where some of the oldest human remains in North America have been discovered.
“They are slandering us, by claiming we work for the U.S. government,” said Urbina, who makes his living as a professional diver and denies receiving U.S. money. “It is absurd.”
The 950-mile (1,500- kilometer) Maya Train line is planned to run in a rough loop around the Yucatan peninsula, connecting beach resorts and archaeological sites. López Obrador has exempted it from environmental impact statements, but a judge disagreed and froze work on a 36-mile (60 kilometer) stretch of train line between Cancun and Tulum.
Antonella Vazquez, a lawyer who took on the appeals on a volunteer basis, also denied getting any U.S. government funding.
“It’s shameful that they attack us, just to justify a national security designation that doesn’t apply to a tourist train,” said Vazquez, who noted the judge in the case refused Monday to lift the work stoppage, even though the government has started to ignore it.
Vazquez says “I have received messages (on social media) that I am corrupt, or that someone is financing me or that I don’t love my country. No! We aren’t doing anything other than asking that the law be respected. ”
Over the weekend, López Obrador used similar language to attack anyone — environmentalists or businessmen — who opposes his plan to give dirty, fuel-oil and coal government power plants preference in electricity purchases, over private gas-fired, wind and solar plants.
López Obrador’s actions on electrical power led the U.S. and Canadian governments to file complaint against Mexico under the U.S.-Mexico Canada free trade pact, which forbids discriminating against foreign companies.
“They are defending foreign oil companies, foreign electricity companies. They are traitors to the country!” López Obrador said of domestic opposition to his plans to favor the state-owned electrical company.
Mexican security analyst Alejandro Hope said López Obrador’s comments “are like Viktor Orban, (Russian President Vladimir) Putin,” noting the accusations “are crossing dangerous lines.”
“Social movements, non-governmental organizations are suspect by definition, and if they have any link to any international network, more so,” Hope said.
“What follows next is to criminalize the opposition, right? Treason is a crime in the penal code,” Hope said, adding “I don’t think they’re at that point yet, but they are putting that out there, on the table.”
Ivonne Acuña Murillo, a political science professor at the Universidad Iberoamericana in Mexico City, said López Obrador may be justified in thinking that Mexico’s weak, disorganized opposition may in some cases be looking to score points abroad that it can’t win at home, where the president remains largely popular. The opposition appears to agree on little other than its hatred for López Obrador.
“If we look at it in isolated fragments, one could think that the president is exaggerating or wrong on some points,” said Acuña Murillo. “But the context is that some people have taken systematic actions to block the Fourth Transformation (the term López Obrador uses for his government) in any way they can, to make the president’s projects fail.”
“There is a fierce opposition that won’t accept one single, not one single good thing the president has done, so that makes it hard for him to work with them,” she said. “And so the president gets in a bunker mentality in the face of constant, constant, constant attacks, and that could cloud his vision.”
With just about two years left in his six-year term and time running out on finishing his big pet projects — the tourist train, oil refineries, and several airports — López Obrador’s level of rhetoric is likely to get more frenetic.
He certainly appeared to draw the line Sunday on the electrical power dispute in starkly nationalistic terms.
“We are not going to retreat one step,” López Obrador said of the electricity dispute, which could lead to U.S. trade sanctions. “Mexico is an independent country, it is not a colony of any foreign country, and the president of Mexico isn’t a puppet, isn’t the lackey of any foreign government.” | https://phl17.com/news/international/ap-international/mexican-president-calls-opponents-foreign-agents-traitors/ | 2022-07-27T11:22:03Z | https://phl17.com/news/international/ap-international/mexican-president-calls-opponents-foreign-agents-traitors/ | false |
Home News Feast Day Dearborn celebrates Fr... Church celebrat... \nA 8 a photo from Crosby Farm, in Holtsville, NY; on January 7, celebrates St Edred.\n“There they go.” Edgar’’s voice shook as our bullwhipped group began shinnygig. Shinshinyging – to skid on or sliding ice- the sound was very fitting to start January with 2/ The last few hundred yards before we reach base… a sudden shift into cold snow with just a meter and a quarter and another brief sunbounce on rock for another fi rst… and it is on for this line 3.317! Soaked on rocks at all specially, 4/ So when I saw what seemed an outplacement, for that was an airfield behind our side we didn´t dare venturer forward but instead kept our This past month has seemed crazy. How I have ever pulled another two month preps together, after spending half 2 months ago recovering to a lesser of health? That just shows that life comes what does come despite what or where that might do… and a month on my body still has that wiredness. Yet in any time things may get you from that you were on course! 4:36 says if we think all ways of well the good thoughts you Home Recipes Chila\nNever try a sweet like you don' it with coke or pepr... but here\nMine.it like never before.. just one try... it gv ♥ n huh... you love\nme ... Chila...\nchawri da laddu,chaloda ladedu gaya\nThe following recipe does make about three dozen cookies but that variegates in different quantities by reducing some other quantities according to need New Alabama store to open in Bryant Denny Stadium
A new shopping spot will soon be open for Alabama fans to visit on game days this upcoming season.
The first-ever team store will open inside Bryant-Denny Stadium, and sell officially-licensed team apparel and student athlete NIL merchandise like customized Nike player jerseys and name and number shirts.
The University of Alabama partnered with Fanatics, an online retail company, to launch the new store. | https://www.wvua23.com/new-alabama-store-to-open-in-bryant-denny-stadium/ | 2022-07-27T11:23:07Z | https://www.wvua23.com/new-alabama-store-to-open-in-bryant-denny-stadium/ | false |
THE WOODLANDS, Texas, July 27, 2022 /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND) announced today that it has received an order from an unnamed party for the upgrade of an existing GunLink 4000 system. The upgrade will include, among other capabilities, dual near-field hydrophone recording. The order has a value of approximately $900,000 and is expected to be delivered later this fiscal year.
Rob Capps, MIND's President and Chief Executive Officer, stated, "This latest order is yet another indication of the strength we are seeing in the marine exploration market. Our Seamap unit, with its market leading products, continues to benefit from the rebound in this space."
About MIND Technology
MIND Technology, Inc. provides technology to the oceanographic, hydrographic, defense, seismic and security industries. Headquartered in The Woodlands, Texas, MIND has a global presence with key operating locations in the United States, Singapore, Malaysia, and the United Kingdom. Its Seamap and Klein units, design, manufacture and sell specialized, high performance, marine sonar and seismic equipment.
Forward-looking Statements
Certain statements and information in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact, including statements regarding our future results of operations and financial position, our business strategy and plans, our objectives for future operations, future orders and anticipated delivery of existing orders, and future payments of dividends are forward-looking statements. The words "believe," "expect," "anticipate," "plan," "intend," "should," "would," "could" or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. All comments concerning our expectations for future revenues and operating results are based on our forecasts of our existing operations and do not include the potential impact of any future acquisitions or dispositions. Our forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. These risks and uncertainties include, without limitation, reductions in our customers' capital budgets, our own capital budget, limitations on the availability of capital or higher costs of capital, volatility in commodity prices for oil and natural gas and the extent of disruptions caused by the COVID-19 outbreak.
For additional information regarding known material factors that could cause our actual results to differ from our projected results, please see our filings with the SEC, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, unless required by law, whether as a result of new information, future events or otherwise. All forward-looking statements included in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to herein.
Contacts:
Rob Capps, President & CEO
MIND Technology, Inc.
281-353-4475
Ken Dennard / Zach Vaughan
Dennard Lascar Investor Relations
713-529-6600
MIND@dennardlascar.com
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SOURCE MIND Technology, Inc. | https://www.kalb.com/prnewswire/2022/07/27/mind-technology-announces-receipt-order-gunlink-upgrade/ | 2022-07-27T11:23:09Z | https://www.kalb.com/prnewswire/2022/07/27/mind-technology-announces-receipt-order-gunlink-upgrade/ | true |
BEIJING, July 27, 2022 /PRNewswire/ -- New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced its unaudited financial results for the fourth fiscal quarter and fiscal year ended May 31, 2022.
Financial Highlights for the Fourth Fiscal Quarter Ended May 31, 2022
- Total net revenues decreased by 56.8% year over year to US$524.0 million for the fourth fiscal quarter of 2022.
- Operating loss was US$105.6 million for the fourth fiscal quarter of 2022.
- Net loss attributable to New Oriental was US$189.3 million for the fourth fiscal quarter of 2022.
Key Financial Results
Operating Highlights for the Fourth Fiscal Quarter Ended May 31, 2022
- The total number of schools and learning centers was 744 as of May 31, 2022, a decrease of 103 and 925 compared to 847 as of February 28, 2022 and 1,669 as of May 31, 2021, respectively. The total number of schools was 107 as of May 31, 2022.
Michael Yu, New Oriental's Executive Chairman, commented, "Fiscal year 2022 has been a year full of challenges and opportunities. We restructured our core businesses and operations to comply with the government policies in China and stepped onto a new stage. Our remaining key businesses are seeing a stable trend that lays a solid foundation for our future development. In this fiscal year, the overseas test preparation and overseas study consulting businesses increased by 6% and 16% year over year, respectively. Our domestic test preparation business targeting adults and university students witnessed a record rapid growth of approximately 30% year over year. At the same time, various new businesses that we embarked on earlier this year achieved promising results.
The non-academic tutoring business was rolled out in over 50 cities, same as the intelligent learning system and devices that were adopted and tested in around 60 cities. Both have achieved positive customer feedback and improved customer retention. Other businesses, including study tour and research camp, educational materials and digitalized smart study solutions, as well as exam preparation courses designed for students with junior college diplomas to obtain bachelor's degrees, are making remarkable progress. We are confident that by leveraging our brand recognition and educational resources accumulated over our operating history, these new businesses will start to generate notable revenue from the next fiscal year."
Chenggang Zhou, New Oriental's Chief Executive Officer, added, "By the end of this fiscal year, the total number of schools and learning centers was reduced to 744. As we focus more on business opportunities in the major markets of higher-tier cities, we are committed to leveraging our well-developed educational infrastructure, human resources, and state-of-the-art technology across our remaining key businesses. We are also actively looking into new initiatives to provide high-quality and diversified educational services for our customers of all ages. Our online-merge-offline teaching system helped us to maintain a high teaching quality to our customers amid the pandemic – especially in major cities such as Shanghai and Beijing. Koolearn.com, our online education platform, continues to expand its online educational offerings to adults and university students, and actively seeks business opportunities in new areas. In this fiscal year, Koolearn established an e-commerce platform under the brand name DONG FANG ZHEN XUAN(东方甄选) for the sale of agricultural and other products. Koolearn also began to pilot livestreaming events on some famous short-video social platforms such as Douyin. DONG FANG ZHEN XUAN has made notable progress and received wide recognitions from tens of millions of subscribers and members alike."
Stephen Zhihui Yang, New Oriental's Executive President and Chief Financial Officer, commented, "We maintained a strong cash position throughout the whole restructuring process. By the end of this fiscal year, our cash and cash equivalents, term deposits and short-term investments totaled approximately US$4.2 billion. The additional costs and expenses due to the termination of lease agreements in relation to the closure of our learning centers and employee layoffs were largely absorbed in fiscal year 2022. The Company's management team will continue to make great efforts to resume overall profitability of the Company as early as possible and proactively seek profitable growth. Our continued commitment to high quality services and operational efficiency will deliver more value to our customers, society and shareholders over the long term."
Adoption of Share Repurchase Program
On July 26, 2022, New Oriental's board of directors authorized the repurchase of up to US$400 million of the Company's common shares during the period from July 28, 2022 through May 31, 2023.
This share repurchase program authorizes the Company to purchase its ADSs or common shares from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades or through other legally permissible ways in accordance with applicable rules and regulations. The timing and extent of any purchases will depend upon market conditions, the trading price of ADSs and its common shares, as well as other factors.
New Oriental's board of directors will review the share repurchase program periodically and may authorize adjustment to its terms and size accordingly. New Oriental plans to fund any share repurchases made under this program from the Company's available cash balance.
Financial Results for the Fourth Fiscal Quarter Ended May 31, 2022
Net Revenues
For the fourth fiscal quarter of 2022, New Oriental reported net revenues of US$524.0 million, representing a 56.8% decrease year over year. The decline was mainly due to the cessation of K-9 academic after-school tutoring services in compliance with the government policies in China.
Operating Costs and Expenses
Operating costs and expenses for the quarter were US$629.7 million, representing a 52.1% decrease year over year. Non-GAAP operating costs and expenses for the quarter, which exclude share-based compensation expenses, were US$600.9 million, representing a 53.6% decrease year over year. The decrease was primarily due to the reduction of facilities and number of staff as a result of the restructuring in fiscal year 2022.
- Cost of revenues decreased by 57.2% year over year to US$247.8 million.
- Selling and marketing expenses decreased by 50.7% year over year to US$95.8 million.
- General and administrative expenses for the quarter decreased by 43.9% year over year to US$286.1 million. Non-GAAP general and administrative expenses, which exclude share-based compensation expenses, were US$257.2 million, representing a 47.4% decrease year over year.
Total share-based compensation expenses, which were allocated to related operating costs and expenses, increased by 42.9% to US$28.8 million in the fourth fiscal quarter of 2022. The increase is due to the grants of restricted share units of the Company to employees and directors in May 2021 with graded vesting over three years.
Operating Loss and Operating Margin
Operating loss was US$105.6 million, compared to the loss of US$102.4 million in the same period of the prior fiscal year. Non-GAAP loss from operations for the quarter was US$76.9 million, compared to the loss of US$82.2 million in the same period of the prior fiscal year.
Operating margin for the quarter was negative 20.2%, compared to negative 8.4% in the same period of the prior fiscal year. Non-GAAP operating margin, which excludes share-based compensation expenses, for the quarter was negative 14.7%, compared to negative 6.8% in the same period of the prior fiscal year.
Net Loss and Net Loss per ADS
Net loss attributable to New Oriental for the quarter was US$189.3 million, compared to the loss of US$45.5 million in the same period of the prior fiscal year. Basic and diluted net loss per ADS attributable to New Oriental were US$1.12 and US$1.12, respectively.
Non-GAAP Net Loss and Non-GAAP Net Loss per ADS
Non-GAAP net loss attributable to New Oriental for the quarter was US$160.3 million, compared to the loss of US$27.9 million in the same period of the prior fiscal year. Non-GAAP basic and diluted net loss per ADS attributable to New Oriental were US$0.94 and US$0.94, respectively.
Cash Flow
Net operating cash flow for the fourth fiscal quarter of 2022 was approximately US$29.3 million and capital expenditures for the quarter were US$22.3 million.
Balance Sheet
As of May 31, 2022, New Oriental had cash and cash equivalents of US$1,148.6 million. In addition, the Company had US$1,140.1 million in term deposits and US$1,902.3 million in short-term investment.
New Oriental's deferred revenue balance, which is cash collected from registered students for courses and recognized proportionally as revenue as the instructions are delivered, at the end of the fourth quarter of fiscal year 2022 was US$933.1 million, a decrease of 51.6% as compared to US$1,926.4 million at the end of the fourth quarter of fiscal year 2021. The decrease is primarily due to the cessation of K-9 academic after-school tutoring services in compliance with the government policies in China.
Financial Results for the Fiscal Year Ended May 31, 2022
For the fiscal year 2022 ended May 31, 2022, New Oriental reported net revenues of US$3,105.2 million, representing a 27.4% decrease year over year.
Loss from operations for the fiscal year 2022 was US$982.5 million, compared to an income of US$117.3 million in the same period of the prior fiscal year. Non-GAAP loss from operations for the fiscal year 2022 was US$849.5 million, compared to an income of US$186.1 million in the same period of the prior fiscal year.
Operating margin for the fiscal year 2022 was negative 31.6%, compared to 2.7% for the same period of the prior fiscal year. Non-GAAP operating margin, which excludes share-based compensation expenses for the fiscal year 2022, was negative 27.4%, compared to 4.4% for the same period of the prior fiscal year.
Net loss attributable to New Oriental for the fiscal year 2022 was US$1,187.7 million, compared to an income of US$334.4 million in the same period of the prior fiscal year. Basic and diluted net loss per ADS attributable to New Oriental for the fiscal year 2022 amounted to US$7.00 and US$7.00, respectively.
Non-GAAP net loss attributable to New Oriental for the fiscal year 2022 was US$1,046.2 million, compared to an income of US$389.0 million in the same period of the prior fiscal year. Non-GAAP basic and diluted net loss per ADS attributable to New Oriental for the fiscal year 2022 amounted to US$6.17 and US$6.17, respectively.
Outlook for the First Quarter of the Fiscal Year 2023
New Oriental expects total net revenues in the first quarter of the fiscal year 2023 (June 1, 2022 to August 31, 2022) to be in the range of US$641.3 million to US$680.6 million, representing year-over-year decline in the range of 51% to 48%.
This forecast reflects New Oriental's current and preliminary view, which is subject to change.
Conference Call Information
New Oriental's management will host an earnings conference call at 8 AM on July 27, 2022, U.S. Eastern Time (8 PM on July 27, 2022, Beijing/Hong Kong Time).
Please register in advance of the conference, using the link provided below. Upon registering, you will be provided with participant dial-in numbers, passcode and unique registrant ID.
Conference call registration link: https://s1.c-conf.com/diamondpass/10023381-cbs76d.html. It will automatically direct you to the registration page of "New Oriental Fourth Fiscal Quarter 2022 Earnings Conference Call" where you may fill in your details for RSVP.
In the 10 minutes prior to the call start time, you may use the conference access information (including dial in number(s), direct event passcode and registrant ID) provided in the confirmation email received at the point of registering.
A replay of the conference call may be accessed by phone at the following number until August 3, 2022:
Additionally, a live and archived webcast of the conference call will be available at http://investor.neworiental.org.
About New Oriental
New Oriental is a provider of private educational services in China offering a wide range of educational programs, services and products to a varied student population throughout China. New Oriental's program, service and product offerings mainly consist of test preparation, language training for adults, education materials and distribution, online education, and other services. New Oriental is listed on NYSE (NYSE: EDU) and SEHK (9901.SEHK), respectively. New Oriental's ADSs, each of which represents ten common shares. The Hong Kong-listed shares are fully fungible with the ADSs listed on NYSE.
For more information about New Oriental, please visit http://www.neworiental.org/english/.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the outlook for the first quarter of fiscal year 2023, quotations from management in this announcement, as well as New Oriental's strategic and operational plans, contain forward-looking statements. New Oriental may also make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about New Oriental's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: our ability to attract students without a significant increase in course fees; our ability to continue to hire, train and retain qualified teachers; our ability to maintain and enhance our "New Oriental" brand; our ability to effectively and efficiently manage the expansion of our school network and successfully execute our growth strategy; the outcome of ongoing, or any future, litigation or arbitration, including those relating to copyright and other intellectual property rights; competition in the private education sector in China; changes in our revenues and certain cost or expense items as a percentage of our revenues; the expected growth of the Chinese private education market; Chinese governmental policies relating to private educational services and providers of such services; health epidemics and other outbreaks in China; and general economic conditions in China. Further information regarding these and other risks is included in our annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. New Oriental does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of this press release, and New Oriental undertakes no duty to update such information, except as required under applicable law.
About Non-GAAP Financial Measures
To supplement New Oriental's consolidated financial results presented in accordance with GAAP, New Oriental uses the following measures defined as non-GAAP financial measures by the SEC: net income excluding share-based compensation expenses and gain / (loss) from fair value change of long-term investments, operating income excluding share-based compensation expenses, operating cost and expenses excluding share-based compensation expenses, general and administrative expenses excluding share-based compensation expenses, operating margin excluding share-based compensation expenses, and basic and diluted net income per ADS and per share excluding share-based compensation expenses and gain / (loss) from fair value change of long-term investments. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. For more information on these non-GAAP financial measures, please see the tables captioned "Reconciliations of non-GAAP measures to the most comparable GAAP measures" set forth at the end of this release.
New Oriental believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding share-based compensation expenses and gain / (loss) from fair value change of long-term investments that may not be indicative of its operating performance from a cash perspective. New Oriental believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management's internal comparisons to New Oriental's historical performance and liquidity. New Oriental believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using these non-GAAP measures is that they exclude share-based compensation charge and gain / (loss) from fair value change of long-term investments that has been and will continue to be for the foreseeable future a significant recurring expense in our business. Management compensates for these limitations by providing specific information regarding the GAAP amounts excluded from each non-GAAP measure. The accompanying tables have more details on the reconciliations between GAAP financial measures that are most directly comparable to non-GAAP financial measures.
Contacts
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SOURCE New Oriental Education and Technology Group Inc. | https://www.kalb.com/prnewswire/2022/07/27/new-oriental-announces-results-fourth-fiscal-quarter-fiscal-year-ended-may-31-2022-adoption-up-us400-million-share-repurchase-program/ | 2022-07-27T11:23:15Z | https://www.kalb.com/prnewswire/2022/07/27/new-oriental-announces-results-fourth-fiscal-quarter-fiscal-year-ended-may-31-2022-adoption-up-us400-million-share-repurchase-program/ | false |
RENO, Nev. and TORONTO, July 27, 2022 /PRNewswire/ -- Bendito Resources Inc. ("Bendito", the "Company", or "we") is pleased to announce that on July 22, 2022, it completed the previously announced share purchase agreement transactions (the "Transaction") to acquire a diversified Mexican project portfolio from Azure Minerals Limited ("Azure"). For additional information on the Transaction, please refer to the previously issued press release dated May 31, 2022, that is posted to the Bendito website. On July 18, 2022, the A$20 million Transaction was amended as follows:
Bendito and Azure amended the terms of the Transaction to change the initial consideration paid to Azure to A$8.0 million, consisting of A$4.0 million of cash (previously A$6.0M of cash) and A$4.0 million of shares (previously A$2.0 million of shares). The second tranche consideration, which remains payable within 18 months of the Transaction closing, will now total A$12.0 million and consist of A$6.0 million of cash and A$6.0 million of shares. The overall Transaction consideration payable to Azure of A$20.0 million did not change.
Bendito is currently pursuing an additional US$3.5 million financing to advance the acquired projects. Upon completion of its financing process, Bendito expects to commence drilling activities at its Alacran and Oposura projects. At Alacran, the Company's strategy is two-pronged: gold and silver mineral resource expansion at the near surface targets, connecting San Simon to Loma Bonita and Mesa de Plata; and pursing exploration of the copper porphyry targets to the south and south-east portions of the Alacran property. At Oposura, the Company's drilling will focus initially on regional geologic potential to determine scale of the zinc-lead-silver mineralization outside of the historical resource areas. Bendito plans to prepare technical reports on both Alacran and Oposura, followed by mineral resource statements in Q1 2023 inclusive of the Company's 2022 drilling campaigns. Both Alacran and Oposura have JORC mineral resource statements dated May 12, 2017 (Mesa de Plata) and t June 1, 2018, respectively that were prepared on behalf of Azure.
Mr. John Antwi, President and CEO of Bendito, commented: "The Bendito team is very excited to close this transaction and thanks Azure and its shareholders for their support and vote of confidence in the transaction and our business plan. We welcome all the Mexico employees, contractors, and local stakeholders of Azure Minerals to Bendito Resources. We have a target-rich geologic environment, and our team sees many opportunities to add substantial value to the projects. I look forward to providing many meaningful updates in the coming months on our efforts, progress, and milestones while our team advances the new Bendito project portfolio. I am also very honored to extend a special welcome to the new and potential investors of the Company."
About Bendito Resources Inc.
Bendito Resources Inc. is a private mineral resource company formed and led by experienced mining and exploration executives with headquarters in Reno, Nevada, USA and regional offices in Hermosillo, Sonora, Mexico. The Company fully-owns a portfolio of diversified mineral projects in Mexico, which includes the Alacran and Oposura projects, both of which have previously reported mineral resources. The Mexican property portfolio comprises the Company's sole mineral interests. For additional information please visit the Company's website at www.benditoresources.com or contact the Company at the below:
John Antwi
President & CEO
jantwi@benditoresources.com
(775) 340-2719
Bendito Resources
6490 S McCarran Blvd
Building E, Suite 121
Reno, NV 89509
Jeff Stieber
Chief Financial Officer
jstieber@benditoresources.com
(775) 250-0300
Forward-Looking Statements
This Press Release contains certain forward-looking statements that reflect the current views and/or expectations of management concerning performance, business, and future events, including the completion of the development of the Mexican property portfolio and the expected timing thereof; the growth potential of the Mexican project portfolio; the expected direction of project and exploration capital; anticipated operational and strategic plans pertaining to the Alacran Project and the Oposura Project and the timing thereof; the expected timing and amounts of future financing efforts; and timing of a resource estimate and related technical report with respect to the Alacran Project and the Oposura Project.
Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates, and forecasts about the business and the industry and markets in which the Company operates. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties, and assumptions which are difficult to predict. Accordingly, readers should not place undue reliance on forward-looking statements and information, which are qualified in their entirety by this cautionary statement. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.
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The dollar is strong and getting stronger, hitting 20-year highs relative to a basket of other currencies. As my Bloomberg Opinion colleague Tyler Cowen recently noted, this is a vote of confidence in the US.
When the dollar appreciates, the cost of servicing debt in other countries, particularly emerging markets, can easily become unsustainable because their debts aren’t denominated in their own currencies; instead, they owe in dollars, or in earlier eras, gold or pounds sterling. As those instruments gain in value, crisis and collapse often follow for the debtors, and have for a century-and-a-half.
The economists Barry Eichengreen, Ricardo Hausmann and Ugo Panizza have dubbed this problem “original sin.” In a series of now-famous articles, they showed how the dependency on foreign-currency borrowing — and dollar-denominated debt in particular — have handicapped developing nations, making it next-to-impossible for their domestic policy makers to use monetary and fiscal policy when exchange rates turned against them.
Like its theological counterpart, the economists’ version of original sin held that the inability to borrow abroad in one’s own currency was the fountainhead of problems that now bedevil emerging economies: capital-flow volatility, liquidity crises, lower credit ratings and general instability. That’s why the sin is original: It came first. It predates many countries’ modern-day reputations for profligacy.
In fact, it began as early as the late 18th century, when many nations began borrowing on international markets. With a handful of exceptions, they did so in British pounds or gold coin.
Why did this happen? Eichengreen and his collaborators contend that original sin is the product of something banal: transaction costs. In a global financial system made up of scores of different national currencies, it made sense to denominate debt in ways that transcended local monetary systems. In the 19th century, this meant defining debt in gold or a foreign currency such as the pound sterling, which enjoyed the same widespread circulation then that the dollar does today.
But this had disastrous consequences, particularly for countries in Latin America. For close to a century after 1820, Argentina, Brazil, Mexico and others endured financial crises fueled by foreign currency debt. It didn’t matter if these nations developed strong financial institutions and policies. When the exchange rate turned against them, they were often forced to default.
This happened enough times that it soon came to seem that the problem lay with the countries in question, not the nature of the debt. Though countries could protect themselves against this fate by accumulating hard currency reserves, this handicapped them in other ways, limiting the tools available to central bankers and policymakers.
Original sin also caused other problems for countries operating under its shadow. When one emerging economy collapsed, international investors abandoned the bonds of all emerging economies. For example, when Argentina defaulted in 1890, every country in Latin America sustained major increases in borrowing costs, regardless of the economic and institutional conditions on the ground. Investors threw the good out with the bad.
The same conditions prevailed in the 20th century, with the dollar succeeding the pound as a monetary lingua franca. In the 1970s, for example, high inflation, a weak dollar and growing quantities of dollar-denominated debt set countries like Mexico up for disaster.
It happened after US Federal Reserve Chair Paul Volcker began ratcheting up interest rates to control runaway inflation. Between the middle of 1980 and early 1985, the dollar’s value relative to other currencies soared by 77 percent. Mexico and other countries became casualties as the cost of servicing their debt became unsustainable.
This pattern has repeated itself in subsequent episodes. Mexico sustained another foreign-debt crisis in 1994, as did a number of Asian countries in 1997, Russia in 1998 and Argentina in 2002. Then the dollar began a period of general decline for nearly two decades, during which the sole serious financial crisis was unrelated to the wages of original sin.
Moreover, though dollar-denominated sovereign debt remains common, it doesn’t play quite as significant a role in financial markets as it once did: some developing countries have managed to issue debt in their own currencies. This might suggest that we won’t see a replay. But that provides them only limited protection. Many corporations in those regions cannot arrange for financing via long-maturity, fixed-rate loans denominated in local currencies. Instead, they go abroad for financing, often borrowing in dollars. This is “domestic” original sin, but sin nonetheless.
The scale of this borrowing has grown significantly since 2007, when it amounted to less than 10% of the world’s gross domestic product. It’s now in excess of $12 trillion, or 14% of global GDP, and rising. That worked well so long as the dollar remained in the doldrums. But that’s not the case any longer.
Perhaps the Fed will decide that an emerging-market meltdown is too high a price to pay for taming inflation. But if Fed Chair Jerome Powell pulls a Volcker and the dollar continues to strengthen, emerging economies will be reminded, yet again, that they live in a fallen world.
More From Other Writers at Bloomberg Opinion:
• The Rising Dollar Is Wreaking Havoc With US Trade: Gary Shilling
• The Strong Dollar Is a Vote of Confidence in America: Tyler Cowen
• In the Oil Market, the Strong Dollar Is the World’s Problem: Javier Blas
This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.
Stephen Mihm, a professor of history at the University of Georgia, is coauthor of “Crisis Economics: A Crash Course in the Future of Finance.”
More stories like this are available on bloomberg.com/opinion
©2022 Bloomberg L.P. | https://www.washingtonpost.com/business/energy/strong-dollar-always-clobbers-developing-nations/2022/07/27/1b3115a6-0d9c-11ed-88e8-c58dc3dbaee2_story.html | 2022-07-27T11:25:34Z | https://www.washingtonpost.com/business/energy/strong-dollar-always-clobbers-developing-nations/2022/07/27/1b3115a6-0d9c-11ed-88e8-c58dc3dbaee2_story.html | false |
NEW YORK (AP) — Long dreamed about and in development for longer than the big league career of the man it honors, the Jackie Robinson Museum opened Tuesday in Manhattan with a gala ceremony attended by the widow of the barrier-breaking ballplayer and two of his children.
Rachel Robinson, who turned 100 on July 19, watched the half-hour outdoor celebration from a wheelchair in the 80-degree Fahrenheit (27-degree Celsius) heat, then cut a ribbon to cap a project launched in 2008.
Her 72-year-old daughter, Sharon, also looked on from a wheelchair and 70-year-old son David spoke to the crowd of about 200 sitting on folding chairs arrayed in a closed-off section of Varick Street, a major thoroughfare where the 19,380-square-foot museum is located. It opens to the public on Sept. 5
“The issues in baseball, the issues that Jackie Robinson challenged in 1947, they’re still with us,” David Robinson said. “The signs of white only have been taken down, but the complexity of equal opportunity still exists.”
Rachel Robinson announced the museum on April 15, 2008, the 61st anniversary of Jackie breaking the big league color barrier with the Brooklyn Dodgers at Ebbets Field. Robinson became NL Rookie of the Year, the 1949 NL batting champion and MVP, a seven-time All-Star and a World Series champion in 1955. He hit .313 with 141 homers and 200 stolen bases in 11 seasons and was elected to the Hall of Fame in 1962.
Robinson, who died in 1972, had an impact beyond baseball, galvanizing a significant slice of American public opinion and boosting the civil rights movement.
“There’s nowhere on the globe where dream is attached to our name — or our country’s name,” New York City Mayor Eric Adams said. “There’s not a German dream. There’s not a French dream. There’s not a Polish dream. Darn it, there’s an American dream. And this man and wife took that dream and forced America and baseball to say you’re not going to be a dream on a piece of paper, you’re going to be a dream in life. We are greater because of No. 42 and because he had amazing wife that understood that dream and vision.”
A gala dinner was held Monday night to preview the museum, which contains 4,500 artifacts, including playing equipment and items such as Robinson’s 1946 minor league contract for $600 a month and his 1947 rookie contract for a $5,000 salary. The museum also holds a collection of 40,000 images and 450 hours of footage.
A 15-piece band played at the ceremony, attended by former pitcher CC Sabathia, former NL president Len Coleman and former Mets owner Fred Wilpon, along with players’ association head Tony Clark and Hall of Fame president Josh Rawitch.
“Without him, there would be no me,” Sabathia said. “I wouldn’t have been able to live out my dream of playing Major League Baseball.”
Yankees general manager Brian Cashman, director Spike Lee (wearing a Brooklyn Dodgers cap) and former tennis star Billie Jean King also were on hand.
“It seems like we’re more divided than ever,” King said. “People like Jackie Robinson was a great reminder every single morning, every single evening that we have to do the right thing every day.”
Original projections had a 2010 opening and $25 million cost. The Great Recession caused a delay.
Ground finally was broken on April 27, 2017, when the Jackie Robinson Foundation said it had raised $23.5 million of a planned $42 million and the museum was intended to open in 2019. The pandemic caused more delays, and the total raised has risen to $38 million, of which $2.6 million was contributed by New York City.
Tickets will cost $18 for adults and $15 for students, seniors and children. The second floor includes an education center, part of a plan envisioned by Rachel Robinson.
“She wanted a fixed tribute to her husband, where people could come and learn about him, but also be inspired,” said foundation president Della Britton, who headed the project. “We want to be that place, as young people now say, a safe space, where people will talk about race and not worry about the initial backlash that happens when you say something on social media.”
David Robinson said his father would have been proud.
“He was a man who used the word ‘we,’” David said. “I think today Jackie Robinson would say I accept this honor, but I accept this honor on behalf of something far beyond my individual self, far beyond my family, far beyond even my race. Jackie Robinson would say don’t think of you standing on my shoulders, I think of myself as standing on the shoulders of my mother, who was a sharecropper in Georgia, my grandmother, who was born a slave.”
___
More AP MLB coverage: https://apnews.com/hub/MLB and https://twitter.com/AP_Sports | https://phl17.com/sports/jackie-robinson-museum-opens-after-14-years-of-planning/ | 2022-07-27T11:25:36Z | https://phl17.com/sports/jackie-robinson-museum-opens-after-14-years-of-planning/ | false |
NEW YORK, July 27, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Tupperware Brands Corporation.
Shareholders who purchased shares of TUP during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CLASS PERIOD: November 3, 2021 to May 3, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) Tupperware was facing significant challenges in maintaining its earnings and sales performance; (ii) accordingly, Tupperware's full-year 2022 guidance was unrealistic and/or unsustainable; (iii) all the foregoing, once revealed, was likely to have a material negative impact on Tupperware's financial condition; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
DEADLINE: August 15, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/tupperware-brands-corporation-loss-submission-form-2/?id=30245&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of TUP during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is August 15, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
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SOURCE The Gross Law Firm | https://www.kalb.com/prnewswire/2022/07/27/shareholder-alert-gross-law-firm-notifies-shareholders-tupperware-brands-corporation-class-action-lawsuit-lead-plaintiff-deadline-august-15-2022-nyse-tup/ | 2022-07-27T11:25:55Z | https://www.kalb.com/prnewswire/2022/07/27/shareholder-alert-gross-law-firm-notifies-shareholders-tupperware-brands-corporation-class-action-lawsuit-lead-plaintiff-deadline-august-15-2022-nyse-tup/ | false |
Southwest Airlines to Discuss Second Quarter 2022 Financial Results on July 28, 2022
Published: Jul. 27, 2022 at 5:45 AM CDT|Updated: 41 minutes ago
DALLAS, July 27, 2022 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) invites you to listen to a live webcast of its second quarter 2022 financial results. Details are as follows:
To access the live audio webcast and subsequent replay, click on the link above, or go to www.southwest.com and click on "Investor Relations" under the "About Southwest" menu at the bottom of the page. The audio webcast can be found under "News & Events" in the drop down menu. Registration for this event begins 20 minutes prior to the start of the call.
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SOURCE Southwest Airlines Co.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.kfyrtv.com/prnewswire/2022/07/27/southwest-airlines-discuss-second-quarter-2022-financial-results-july-28-2022/ | 2022-07-27T11:26:13Z | https://www.kfyrtv.com/prnewswire/2022/07/27/southwest-airlines-discuss-second-quarter-2022-financial-results-july-28-2022/ | false |
Transaction Solidifies a Global Ecommerce Strategy and Deepens Leadership in the MRO Segment
ARLINGTON, Texas, July 27, 2022 /PRNewswire/ -- GracoRoberts has acquired New York-based Styles Aviation, Inc. (dba SkyGeek.com) ("SkyGeek") to cement its standing as the largest, fastest, and most technically focused aerospace specialty chemicals distributor around the globe.
The combination with SkyGeek addresses the evolving needs of GracoRoberts' customers and supplier partners by significantly expanding GracoRoberts' global ecommerce capabilities and its offerings in the MRO segment. With the addition of SkyGeek's extensive online portfolio of shop and hangar products (including specialty chemicals, avionics and instruments, tools and equipment, and aircraft and engine parts), GracoRoberts now provides the global aerospace community with immediate access to over 100,000 products – with 25,000 in-stock at any given time – an offering that redefines the customer experience and works to ease industry-related supply chain challenges.
SkyGeek provides 30,000 online customers on-demand access to thousands of aerospace consumables, serving the aerospace community with digital sophistication, nimbleness, and family-style care. For GracoRoberts' existing customers, SkyGeek's website (www.skygeek.com) offers new procurement opportunities and a fast, simple, and convenient buying experience – at the same time, SkyGeek's customer base will benefit from a larger portfolio of products and channel partners in the specialty chemicals space from GracoRoberts. SkyGeek will maintain its operations in LaGrangeville, NY, and be an important distribution hub for the combined company in the Northeastern United States.
"We are thrilled to have the Styles and the SkyGeek team join the GracoRoberts family as we solidify our position as a global and digital leader in aerospace specialty chemicals distribution," said Jason Caldwell, President and CEO of GracoRoberts. "Together, we are laser-focused on bringing more products and solutions to our customers faster than ever before. Given the supply chain challenges we have all faced as an industry, our customers deserve a more streamlined and simplified buying experience – and we are ready to deliver."
Steven Styles, CEO of Styles Aviation, Inc., and Janelle Styles, President, both added, "The SkyGeek culture is centered on making Aerospace ecommerce transactions as frictionless as possible through great usability, exceptional service, and immediate access to products – we truly believe that our mission is to supply the skies. That 'do whatever it takes' mentality is fully aligned with GracoRoberts, which is what makes this relationship such a natural fit, and we are honored to be a part of GracoRoberts."
The acquisition of SkyGeek is supported by CM Equity Partners, the private equity sponsor of GracoRoberts and partner to the GracoRoberts management team. CM Equity Partners has assisted GracoRoberts in its global and digital strategic growth initiatives and in GracoRoberts' previous acquisitions of E.V. Roberts, Able Aerospace Adhesives and Sil-Mid Ltd. (known for its ecommerce leadership in the UK / EMEA). CM Equity Partners has over 30 years of experience providing growth capital to the aerospace, defense, and federal services sectors.
Headquartered in Arlington, TX, GracoRoberts (www.gracoroberts.com) is the single largest and most technically focused specialty chemicals distributor to serve the global aerospace market. We are a full-service supplier of complex engineered materials for aerospace OEM and MRO segments, composites, electronics, and other advanced manufacturing industries. We are fully AS- and ISO-certified and authorized to distribute 3M, Airtech, Akzo Nobel, Castrol, Eastman, Henkel, Huntsman, ITW Polymers, Mask-Off, Momentive, Resin Formulators, Scott Bader, Sika, and Zip Chem, and can source other providers upon request. We differentiate by adding value: services include distribution, custom formulation, specialty packaging, vendor managed inventory, intermix paint services, turnkey classified program management, and an on-staff Chemist, lab, and testing facility. For 140 years, GracoRoberts has delivered superior engineered materials with impeccable support to thousands of customers from more than 65 countries and all seven continents around the globe.
Founded in 1969 and based in LaGrangeville, NY at Sky Acres Airport, Styles Logistics Inc., (www.skygeek.com) has served the aircraft community as well as the aviation industry at large for over fifty years. In 2003, www.skygeek.com debuted as an ecommerce-based stocking aerospace distributor. Since then, supplying the skies with tools and equipment, shop and hangar supplies (specialty paints and chemicals), aircraft and engine parts, avionics and instruments has been SkyGeek's mission providing access to nearly 60,000 aerospace products. And while their propeller hat-wearing mascot may indicate a sense of humor, make no mistake: SkyGeek has the market cornered on delivering the items they stock reliably, time and time again providing excellent service to over 30,000 customers in more than 100 countries.
CM Equity Partners (CMEP) (www.cmequity.com), based in New York, NY, provides capital to the Federal services and aerospace and defense industries. For over thirty years, CMEP has partnered with management teams to build value in its investment companies by leveraging its long-standing industry knowledge, relationships, operating experience, and its corporate finance, M&A, and private equity expertise. CMEP provides an active and collaborative management approach to its investments, developing long-term strategic plans and supporting re-investment of profits to grow and broaden a company's revenue base and capabilities. CMEP's investments are structured with flexibility across a broad spectrum of the capital structure, including equity, structured equity, and mezzanine debt.
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In recent years, Instagram has rolled out a flurry of updates as it has sought to become an e-commerce powerhouse, messaging app, and, last summer, a short-form video discovery platform, along the lines of TikTok.
Less than 24 hours earlier, Kylie Jenner, Kim Kardashian and other high-profile influencers shared a black-and-white graphic declaring: “Make Instagram Instagram again. (Stop trying to be TikTok I just want to see cute photos of my friends.) Sincerely, everyone.”
The original post, created by a 21-year-old Instagram influencer named Tatiana Bruening, amassed more than 1.9 million likes as of Wednesday morning.
In a video posted to his Instagram account, Mosseri acknowledged the app was in transition, but clarified that some things users might encounter, like a full-screen feed, were just tests.
“There’s a lot going on on Instagram right now,” he said. “We’re experimenting with a number of different changes to the app and so we’re hearing a lot of concerns from all of you.”
But the quick succession of new features and tests has left even its most loyal users wondering if even Instagram knows what Instagram is for.
“Instagram has become overcrowded with so many different types of content happening at the same time,” Bruening said. “Everyone has been feeling the same thing at the same time but a lot of people have been too afraid to say anything.”
A Change.org petition started by Bruening seeks to undo many changes to the app, including bringing back a chronological timeline, prioritizing photo posts, removing the Reels video tool and downplaying algorithmic discovery. As of Wednesday morning it had more than 180,000 signatures.
While Instagram — which boasts roughly 1 billion monthly active users as of 2021 — still exceeds TikTok’s base, it faces an increasing threat as use of the short-form video app has skyrocketed. In 2020, TikTok became the most-downloaded app in the world and its young user base began spending more time on it than Instagram and Facebook. Instagram parent company Meta’s earnings report, set to be released Wednesday, will show whether TikTok has eaten into its market share.
Instagram declined to comment, referring The Post to Mosseri’s video.
The backlash against Instagram has spilled into the offline world. Last Saturday, several dozen content creators picketed outside the company’s New York headquarters to protest its community guidelines — which they say are too restrictive — and changes that make discovering new accounts difficult.
“I think the reason I and so many other people care about this so much is that we want so badly to be tech Utopianists,” said Ana, a 24-year-old content creator who organized the protest and spoke on the condition that only her first name is used, citing privacy concerns.
She read out a list of demands before she and two other meme account administrators temporarily handcuffed themselves to Instagram’s office doors in an act of protest. “We demand that artists, creators, and activists who monetize via this app are protected and have real support systems with real moderators to help users,” she shouted. “We need to make the platform work for the people who keep it alive.”
But users are notoriously fickle, and complaints often don’t align with their behavior. While some Instagram users claim that they want to see more photo-based posts in their feed, Mosseri said users are posting less of this content, choosing instead to share pictures to their Stories or through direct messages.
And none of the changes endorsed by Bruening are likely to restore Instagram to what it once was, experts on the platform said.
“I guarantee that every single person who liked and shared that post about bringing Instagram back to what it was, would spend way less time on Instagram if it reverted back to how it used to be,” said Tommy Marcus, a content creator in Brooklyn who has nearly 1 million followers on the platform.
Sarah Chappell, an online business strategist and creator coach in New York City, said the outcry reflects a broad understanding among power users that the app isn’t meeting their needs, whether they’re content creators, small businesses, or average account-holders.
“There’s just a level of eroded trust at this point, where people aren’t willing to invest their energy or labor into whatever Meta is testing this week,” she said. “Instagram is trying to be too many different things and the constant need they feel to take from other apps leads to ongoing confusion for creators and consumers, and confusion does not lead to adoption.”
But the company is aiming to move closer to the entertainment industry. Instagram owner Meta is forming an advisory board composed of top entertainment executives, managers and publicists, according to a person familiar with the subject who spoke on the condition of anonymity. The effort has been in the works for over a year, but outreach to prospective members of the board began this week. The board will not advise on specific product changes, but will instead focus on how Meta can work more closely with the entertainment industry.
And some analysts say Instagram’s plans could still be vindicated, since only the platform has the numbers to see what is and isn’t working. “Often we end up begrudgingly admitting that the company was right,” said Rex Woodbury, a partner at Index Ventures, a venture capital firm.
Brent Thill, an internet analyst at Jefferies, said Silicon Valley’s “innovate or die mantra” requires Instagram to continue to ship new features. “They’re saying it sucks out of the gate, but it’s going to get better. That’s how products work in tech, we’re going through a series of iterations,” Thill said.
To some observers, the fact that Instagram is working so hard to upend its core function of connecting with friends and family speaks to how drastically social media has changed. “Making that content harder to access shows the competitive landscape they’re in right now,” said Matt Perault, director of the Center on Technology Policy at UNC-Chapel Hill. “It might be totally necessary that they pivot but that doesn’t mean that they’ll succeed in this new world.”
To ride out the storm, Instagram will have to listen to the right voices and navigate the backlash from either side. “There’s a war between people who want Instagram to be more like Snapchat and people who want it to be more TikTok,” Woodbury said, “Right now the former group is larger and louder.” | https://www.washingtonpost.com/technology/2022/07/27/instagram-video-shift-kardashian/ | 2022-07-27T11:28:25Z | https://www.washingtonpost.com/technology/2022/07/27/instagram-video-shift-kardashian/ | true |
A police investigation is underway after a mystery corpse was dumped on a driveway in the middle of the night.
Surveillance footage showed a man wheeling the body on a trolley, covered with a white sheet, before leaving it on the driveway in the Dyker Heights neighbourhood of New York, US.
The unidentified corpse was found by an elderly resident at around 11.30am yesterday (Tuesday, July 26).
READ MORE: Horror ordeal of kidnapped woman 'raped for six days' found after note snuck out window
According to the New York Post, a male suspect was seen on a private security camera pushing the body onto the property just 12 hours earlier.
Police were called and flooded the area before the body was put in a black bag and taken away.
Police said the body had no obvious signs of trauma. A medical examiner is due to determine the cause of death.
Austeria Bolden, 63, saw the body and was "traumatised". She told the New York Post: "I just saw the body laying there.
"He was laying face down on the ground - now it's in my mind and I'm worried. I'm scared for my grandkids."
Resident George Vlachakus, who has lived in the neighbourhood his whole life, said: "It's crazy that something like this happened here.
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"This is Dyker Heights, the quietest neighbourhood in Brooklyn. It's not something I expected - never never never.
"You see these things on TV. You would never believe it would come here."
Police have said that the investigation into the victim's death and the identification of the man on the security footage is ongoing.
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23 homemade armoured 'narco tanks' seized from Mexican cartel | https://www.dailystar.co.uk/news/world-news/mystery-unidentified-corpse-dumped-driveway-27588720 | 2022-07-27T11:29:59Z | https://www.dailystar.co.uk/news/world-news/mystery-unidentified-corpse-dumped-driveway-27588720 | false |
At a CAGR of 19.1% Application Delivery Controllers (ADC) Market Size to Garner $12.8 billion by 2030
The inclination toward cloud and rise in adoption of ADC by the IT and telecom sectors are estimated to create new opportunities in the coming years.
PORTLAND, PORTLAND, OR , UNITED STATES , July 27, 2022 /EINPresswire.com/ -- Emerging need to continue uninterrupted communication channels along with different business operations, rise in the number of mobile-based applications, and increase in trend of bring your own device to workplace drive the growth of the global application delivery controllers (ADC) market.
Major market players such as - A10 Networks Inc., Citrix Systems Inc., F5 Networks Inc., Array Networks, Inc., Webscale, Dell Inc., Barracuda Networks Inc., Fortinet Inc., Cisco Systems Inc., and KEMP Technologies Inc.
The global application delivery controllers industry generated $2.3 billion in 2020, and is estimated to reach $12.8 billion by 2030, witnessing a CAGR of 19.1% from 2021 to 2030.
Based on region, North America contributed the highest market share in terms of revenue in 2020, accounting for nearly two-fifths of the global application delivery controllers market, and is expected to maintain its dominance in terms of revenue by 2030. This is due to surge in enterprise mobility and extensive wireless connectivity. However, Asia-Pacific is projected to portray the fastest CAGR of 22.5% during the forecast period, owing to digitalization and growth in adoption of the IoT-based applications.
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Based on deployment mode, the on-premise segment held the highest market share in 2020, accounting for nearly three-fourths of the global application delivery controllers market, and is projected to maintain its leadership status during the forecast period. This is due to benefits such as low deployment cost, easy scalability, agility, and less maintenance cost. However, the cloud segment is expected to witness the highest CAGR of 23.8% from 2021 to 2030, owing to its supports for the use of the dedicated micro-services within the enterprise environments.
Based on end user, the IT & telecom segment accounted for the largest market share in 2020, contributing to more than one-third of the global ADC market lead position during the forecast period. This is attributed to investments to a greater extent in hardware ADCs as compared to the software/VADCs. However, the BFSI segment is estimated to manifest the largest CAGR of 22.6% from 2021 to 2030, owing to rise in online banking, digitalization in the financial sector, and the requirement to avoid DDOS attacks and minimize the security threats.
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Covid-19 Scenario:
• The demand for ADC increased considerably as organizations shifted to work from home culture due to lockdown and the need to stay productive while working from any location.
• According to the survey by the Ecological Momentary Assessment, nearly 90 percent of the total enterprises that participated in the survey highlighted that they made changes in their application delivery infrastructure with the outbreak of the Covid-19 pandemic. These changes involved strengthening security and increasing capacity.
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Lastly, this report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.
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LinkedIn | https://www.einpresswire.com/article/583203566/at-a-cagr-of-19-1-application-delivery-controllers-adc-market-size-to-garner-12-8-billion-by-2030 | 2022-07-27T11:31:06Z | https://www.einpresswire.com/article/583203566/at-a-cagr-of-19-1-application-delivery-controllers-adc-market-size-to-garner-12-8-billion-by-2030 | true |
- Entered into Clinical Trial Collaboration and Supply Agreement with Amgen to clinically evaluate IDE397, IDEAYA's investigational MAT2A inhibitor, in combination with AMG 193, Amgen's investigational MTA-Cooperative PRMT5 inhibitor, in MTAP-null solid tumors
- Potential first-in-class Synthetic Lethality (SL-SL) Combination targets two distinct, mechanistically complementary, nodes of MTAP methylation pathway
- MTAP deletion patient population is estimated to represent approximately 15% of solid tumors, reflecting the potential for significant patient impact with the SL-SL combination
- Amgen will sponsor the Phase 1 clinical combination trial with IDEAYA and Amgen jointly sharing costs of the study
SOUTH SAN FRANCISCO, Calif., July 27, 2022 /PRNewswire/ -- IDEAYA Biosciences, Inc. (Nasdaq:IDYA), a synthetic lethality focused precision medicine oncology company committed to the discovery and development of targeted therapeutics, announced it has entered into a clinical trial collaboration and supply agreement with Amgen Inc. to evaluate the efficacy and safety of IDE397, its investigational, potential best-in-class, small molecule MAT2A inhibitor, with Amgen's AMG 193, an investigational small molecule MTA-cooperative inhibitor of PRMT5, in a Phase 1 clinical trial.
"This clinical collaboration with Amgen builds on IDEAYA's ongoing clinical evaluation of IDE397 as monotherapy and in selected combinations in our Phase 1/2 clinical trial, including with taxanes and pemetrexed. We are pleased to collaborate with Amgen to also evaluate the MAT2A-PRMT5 synthetic lethality combination in the clinic," said Yujiro S. Hata, President and Chief Executive Officer, IDEAYA Biosciences.
"Mechanistically, each of MAT2A and PRMT5 are synthetic lethal with MTAP gene deletion in tumors. The synthetic lethality of each of these targets provides a complementary approach for targeting MTAP-null tumors," said Dr. Michael White, Ph.D., Senior Vice President and Chief Scientific Officer, IDEAYA Biosciences.
IDE397 is a potent and selective small molecule inhibitor targeting methionine adenosyltransferase 2a (MAT2A), in patients having solid tumors with methylthioadenosine phosphorylase (MTAP) deletion. The MTAP deletion patient population is estimated to represent approximately 15% of solid tumors, including approximately 15% of NSCLC, 28% of esophageal, 26% of bladder, and 10% of esophagogastric cancers.
IDEAYA is evaluating IDE397 in an ongoing Phase 1/2 clinical trial. The company has initiated and is actively enrolling patients into monotherapy expansion and combination cohorts of the IDE397 Phase 1 clinical trial, including in combination with docetaxel in NSCLC, paclitaxel in esophagogastric cancer and pemetrexed in NSCLC. IDEAYA is leading early clinical development of IDE397 in collaboration with GSK. Subject to exercise of its option, GSK will lead later-stage clinical development of IDE397.
Amgen is developing AMG 193, an investigational small molecule methylthioadenosine (MTA) cooperative inhibitor targeting protein arginine methyltransferase 5 (PRMT5), as monotherapy and in combination with docetaxel in MTAP null solid tumors, in an ongoing Phase 1 clinical trial.
Under the mutually non-exclusive clinical trial collaboration and supply agreement, IDEAYA will provide IDE397 drug supply to Amgen, who will be the sponsor of the Phase 1 clinical combination trial. IDEAYA and Amgen will jointly share external costs of the clinical trial and will jointly oversee clinical development of the combination therapy. IDEAYA and Amgen each retain all commercial rights to their respective compounds, including as monotherapy or as combination therapies.
About IDEAYA Biosciences
IDEAYA is a synthetic lethality focused precision medicine oncology company committed to the discovery and development of targeted therapeutics for patient populations selected using molecular diagnostics. IDEAYA's approach integrates capabilities in identifying and validating translational biomarkers with drug discovery to select patient populations most likely to benefit from its targeted therapies. IDEAYA is applying its research and drug discovery capabilities to synthetic lethality – which represents an emerging class of precision medicine targets.
Forward-Looking Statements
This press release contains forward-looking statements, including, but not limited to, statements related to (i) the estimated MTAP deletion patient population and (ii) the later-stage clinical development of IDE397 by GSK. Such forward-looking statements involve substantial risks and uncertainties that could cause IDEAYA's preclinical and clinical development programs, future results, performance or achievements to differ significantly from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, the uncertainties inherent in the drug development process, including IDEAYA's programs' early stage of development, the process of designing and conducting preclinical and clinical trials, the regulatory approval processes, the timing of regulatory filings, the challenges associated with manufacturing drug products, IDEAYA's ability to successfully establish, protect and defend its intellectual property, the effects on IDEAYA's business of the worldwide COVID-19 pandemic, the ongoing military conflict between Russia and Ukraine, and other matters that could affect the sufficiency of existing cash to fund operations. IDEAYA undertakes no obligation to update or revise any forward-looking statements. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of IDEAYA in general, see IDEAYA's recent Quarterly Report on Form 10-Q filed on May 10, 2022 and any current and periodic reports filed with the U.S. Securities and Exchange Commission.
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SOURCE IDEAYA Biosciences, Inc. | https://www.wcjb.com/prnewswire/2022/07/27/ideaya-announces-clinical-trial-collaboration-with-amgen-evaluate-mat2a-prmt5-synthetic-lethality-combination-mtap-deleted-tumors/ | 2022-07-27T11:31:39Z | https://www.wcjb.com/prnewswire/2022/07/27/ideaya-announces-clinical-trial-collaboration-with-amgen-evaluate-mat2a-prmt5-synthetic-lethality-combination-mtap-deleted-tumors/ | true |
CLEVELAND, July 27, 2022 /PRNewswire/ -- The Sherwin-Williams Company (NYSE: SHW) announced its financial results for the second quarter ended June 30, 2022. All comparisons are to the second quarter of the prior year, unless otherwise noted.
SUMMARY
- Consolidated net sales increased 9.2% in the quarter to $5.87 billion
- Diluted net income per share decreased to $2.21 per share in the quarter compared to $2.42 per share in the second quarter 2021
- Lowering FY22 diluted net income per share guidance to a range of $7.65 to $7.95 per share, including acquisition-related amortization expense of $0.85 per share
CEO REMARKS
"Demand remained strong during the second quarter in The Americas Group and the Performance Coatings Group, as both groups delivered sales within our guidance," said Chairman and Chief Executive Officer, John G. Morikis. "Speaking to trends in the business since our June 8th investor day, pro architectural demand in The Americas Group accelerated as the quarter progressed and has meaningfully strengthened further in July. Similarly, Performance Coatings Group demand remained strong through the quarter in North America, the Group's largest region, and this strong demand has also continued into July. Conversely, the slower North America DIY demand trend we previously described in Consumer Brands Group did not improve and we experienced tight supply in certain resins, in particular alkyd resins, which significantly impacted our North America non-paint sales. Internationally, demand deteriorated faster than anticipated in Europe, and no meaningful recovery occurred in China following the lifting of COVID lockdowns, both of which meaningfully impacted Consumer Brands Group and Performance Coatings Group sales.
"Consolidated gross margin improved sequentially, but at a slower pace than anticipated. Segment profit improved sequentially in The Americas Group as well as in the Performance Coatings Group, where margin also improved on a year over year basis. At the same time, we are disappointed in our weaker than expected earnings results in the quarter, which were primarily related to the lower than expected sales in the Consumer Brands Group and the Europe and Asia Pacific regions in the Performance Coatings Group, raw material costs that have not yet moderated despite sequential deflation of feedstock costs and supply chain inefficiencies incurred in serving our customers. We are taking aggressive actions throughout the second half of the year in response to these challenges."
SECOND QUARTER CONSOLIDATED RESULTS
Consolidated net sales increased primarily due to selling price increases in all segments, higher professional architectural sales volume in North America paint stores and higher sales volumes in our packaging and coil businesses. These increases were partially offset by lower protective and marine sales volume in North America paint stores and lower sales volumes outside of North America in the Consumer Brands and Performance Coatings Groups primarily due to challenging prior year comparisons. Currency translation rate changes decreased consolidated net sales by 1.4%.
Income before income taxes decreased due to higher raw material costs and other input costs, including higher supply chain costs to serve our customers, primarily in The Americas Group and the Consumer Brands Group, and lower sales volume in the Consumer Brands Group, partially offset by selling price increases in all three operating segments. The loss in the Administrative segment increased $45.1 million due primarily to unfavorable returns on marketable securities and sale of assets, higher interest expense, and higher selling, general and administrative costs, partially offset by favorable changes in compensation expense.
Diluted net income per share included a charge of $0.20 per share for acquisition-related amortization expense.
SECOND QUARTER SEGMENT RESULTS
The Americas Group ("TAG")
Net sales in TAG increased due primarily to selling price increases and higher professional architectural sales volume in North America paint stores, partially offset by lower sales volumes in protective and marine and DIY end markets. TAG segment profit decreased due primarily to increased raw material costs.
Consumer Brands Group ("CBG")
Net sales in CBG increased due primarily to selling price increases in all regions, partially offset by lower sales volume outside of North America. Currency translation rate changes decreased CBG's net sales by 1.2%. CBG segment profit decreased primarily due to lower sales volume, increased raw material costs and higher supply chain costs, partially offset by selling price increases. Acquisition-related amortization expense reduced segment profit as a percent of net external sales by 260 basis points compared to 290 basis points in the second quarter of 2021.
Performance Coatings Group ("PCG")
Net sales in PCG increased due to higher sales in most end markets, primarily attributable to selling price increases, and sales volume growth in our packaging and coil businesses, partially offset by lower sales volume outside of North America. Acquisitions increased sales by 2.9%, while currency translation rate changes decreased PCG's net sales by 3.7%. PCG segment profit increased due primarily to selling price increases, partially offset by increased raw material costs. Acquisition-related amortization expense reduced segment profit as a percent of net external sales by 280 basis points compared to 370 basis points in the second quarter of 2021.
LIQUIDITY AND CASH FLOW
The Company generated $639.7 million in net operating cash during the first six months of 2022. This cash generation, along with an increase in our short-term borrowings, allowed the Company to return cash of approximately $1.01 billion to our shareholders in the form of dividends and share repurchases, as well as repay $260.2 million in long-term debt, and close an acquisition in the second quarter. The Company closed two additional acquisitions on July 1st that will be reported in our third quarter results. The Company purchased 2.55 million shares of its common stock during the first six months. At June 30, 2022, the Company had remaining authorization to purchase 46.0 million shares of its common stock through open market purchases.
2022 GUIDANCE
"We expect third quarter 2022 consolidated net sales to increase by a low to mid-teens percentage compared to the same period a year ago," said Mr. Morikis. "We are maintaining our full year consolidated net sales guidance to be up by a high-single to low-double digit percentage based on the strong momentum we are seeing in our pro architectural business in The Americas Group and continued strength in North American industrial demand in the Performance Coatings Group. Given the shortfall in our second quarter results, demand pressures in Europe, China and North American DIY, and a continuation of the highest cost inflation seen in decades, we are lowering our full year adjusted diluted net income per share guidance to a range of $8.50 - $8.80 per share, which represents 6.1% growth from 2021 at the mid-point. This implies a second half diluted net income per share of $4.63 per share at the mid-point, an increase of 35% over the same period last year.
"We are responding aggressively to inflationary pressures by implementing a 10% price increase in The Americas Group effective September 6th, with significant additional pricing actions being taken in our other two operating segments. We will manage our expenses tightly in the second half with the slowdown in market demand in certain regions and businesses, however, we will continue to invest in growth, including stores, sales representatives and innovative products. We remain highly confident in our strategy, our people, and our ability to emerge as an even stronger Company following the current near-term pressures."
CONFERENCE CALL INFORMATION
The Company will conduct a conference call to discuss its financial results for the second quarter, and its outlook for the third quarter and full year 2022, at 11:00 a.m. EDT on Wednesday, July 27, 2022. Participating on the call will be Chairman and Chief Executive Officer, John Morikis, along with other senior executives.
The conference call will be webcast simultaneously in the listen only mode by Issuer Direct. To listen to the webcast on the Sherwin-Williams website, click on https://investors.sherwin-williams.com/financials/quarterly-results/, then click on the webcast icon following the reference to the Q2 webcast. An archived replay of the webcast will be available at https://investors.sherwin-williams.com/financials/quarterly-results/ beginning approximately two hours after the call ends.
ABOUT THE SHERWIN-WILLIAMS COMPANY
Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development, distribution, and sale of paint, coatings and related products to professional, industrial, commercial, and retail customers. The Company manufactures products under well-known brands such as Sherwin-Williams®, Valspar®, HGTV HOME® by Sherwin-Williams, Dutch Boy®, Krylon®, Minwax®, Thompson's® WaterSeal®, Cabot® and many more. With global headquarters in Cleveland, Ohio, Sherwin-Williams® branded products are sold exclusively through a chain of more than 5,000 Company-operated stores and facilities, while the Company's other brands are sold through leading mass merchandisers, home centers, independent paint dealers, hardware stores, automotive retailers, and industrial distributors. The Sherwin-Williams Performance Coatings Group supplies a broad range of highly-engineered solutions for the construction, industrial, packaging and transportation markets in more than 120 countries around the world. Sherwin-Williams shares are traded on the New York Stock Exchange (symbol: SHW). For more information, visit www.sherwin.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This press release contains certain "forward-looking statements," as defined under U.S. federal securities laws, with respect to sales, earnings and other matters. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "could," "plan," "goal," "target," "potential," "seek," "intend," "aspire" or "anticipate" or the negative thereof or comparable terminology. These forward-looking statements are based upon management's current expectations, predictions, estimates, assumptions and beliefs concerning future events and conditions. Readers are cautioned not to place undue reliance on any forward-looking statements. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of the Company that could cause actual results to differ materially from such statements and from the Company's historical performance, results and experience. These risks, uncertainties and other factors include such things as: general business and economic conditions; the Company's ability to successfully integrate past and future acquisitions into its existing operations, as well as the performance of the businesses acquired; strengths of retail and manufacturing economies and the growth in the coatings industry; changes in the Company's relationships with customers and suppliers; changes in raw material availability and pricing; adverse weather conditions or natural disasters, including due to the impacts of climate change; public health crises, including the duration, severity and scope of the COVID-19 pandemic and the actions implemented by international, federal, state and local public health and governmental authorities to contain and combat COVID-19, which may exacerbate one or more of the aforementioned and/or other risks, uncertainties and factors more fully described in the Company's reports filed with the Securities and Exchange Commission (SEC); and other risks, uncertainties and factors described from time to time in the Company's reports filed with the SEC. Since it is not possible to predict or identify all of the risks, uncertainties and other factors that may affect future results, the above list should not be considered a complete list. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
INVESTOR RELATIONS CONTACTS:
Jim Jaye
Senior Vice President, Investor Relations & Corporate Communications
Direct: 216.515.8682
investor.relations@sherwin.com
Eric Swanson
Vice President, Investor Relations
Direct: 216.566.2766
investor.relations@sherwin.com
MEDIA CONTACT:
Julie Young
Vice President, Global Corporate Communications
Direct: 216.515.8849
corporatemedia@sherwin.com
Regulation G Reconciliations
Management of the Company believes that investors' understanding of the Company's operating performance is enhanced by the disclosure of diluted net income per share excluding the loss on the divestiture of Wattyl, and Valspar acquisition-related amortization expense. This adjusted earnings per share measurement is not in accordance with U.S. generally accepted accounting principles (GAAP). It should not be considered a substitute for earnings per share computed in accordance with U.S. GAAP and may not be comparable to similarly titled measures reported by other companies. The following tables reconcile diluted net income per share computed in accordance with U.S. GAAP to adjusted diluted net income per share.
Management of the Company believes that investors' understanding of the Company's operating performance is enhanced by the disclosure of earnings before interest, taxes, depreciation and amortization (EBITDA) excluding the loss on the divestiture of Wattyl in 2021. This measurement is not in accordance with U.S. GAAP. It should not be considered a substitute for net income or net operating cash. The following table reconciles net income computed in accordance with U.S. GAAP to EBITDA and Adjusted EBITDA.
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SOURCE The Sherwin-Williams Company | https://www.kwch.com/prnewswire/2022/07/27/sherwin-williams-company-reports-2022-second-quarter-financial-results/ | 2022-07-27T11:31:44Z | https://www.kwch.com/prnewswire/2022/07/27/sherwin-williams-company-reports-2022-second-quarter-financial-results/ | false |
NORTHBROOK, Ill., July 27, 2022 /PRNewswire/ -- Stepan Company (NYSE:SCL) today reported:
On July 26, 2022, the Board of Directors of Stepan Company declared a quarterly cash dividend on the Company's common stock of $0.335 per share. The dividend is payable on September 15, 2022, to common stockholders of record on August 31, 2022. The Company increased its quarterly cash dividend in the fourth quarter of 2021 by $0.030 per share, marking the 54th consecutive year that the Company has increased its cash dividend to stockholders.
Stepan Company is a major manufacturer of specialty and intermediate chemicals used in a broad range of industries. Stepan is a leading merchant producer of surfactants, which are the key ingredients in consumer and industrial cleaning and disinfection products and in agricultural and oilfield solutions. The Company is also a leading supplier of polyurethane polyols used in the expanding thermal insulation market, and CASE (Coatings, Adhesives, Sealants, and Elastomers) industries.
Headquartered in Northbrook, Illinois, Stepan utilizes a network of modern production facilities located in North and South America, Europe and Asia.
The Company's common stock is traded on the New York Stock Exchange (NYSE) under the symbol SCL. For more information about Stepan Company please visit the Company online at www.stepan.com.
More information about Stepan's sustainability program can be found on the Sustainability page at www.stepan.com.
Contact: Luis E. Rojo 847-446-7500
Certain information in this news release consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include statements about Stepan Company's plans, objectives, strategies, financial performance and outlook, trends, the amount and timing of future cash distributions, prospects or future events and involve known and unknown risks that are difficult to predict. As a result, Stepan Company's actual financial results, performance, achievements or prospects may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify forward-looking statements by the use of words such as "may," "could," "expect," "intend," "plan," "seek," "anticipate," "believe," "estimate," "guidance," "predict," "potential," "continue," "likely," "will," "would," "should," "illustrative" and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by Stepan Company and its management based on their knowledge and understanding of the business and industry, are inherently uncertain. These statements are not guarantees of future performance, and stockholders should not place undue reliance on forward-looking statements.
There are a number of risks, uncertainties and other important factors, many of which are beyond Stepan Company's control, that could cause actual results to differ materially from the forward-looking statements contained in this news release. Such risks, uncertainties and other important factors include, among other factors, the risks, uncertainties and factors described in Stepan Company's Form 10-K, Form 10-Q and Form 8-K reports and exhibits to those reports, and include (but are not limited to) risks and uncertainties related to the impact of the COVID-19 pandemic; accidents, unplanned production shutdowns or disruptions in manufacturing facilities; reduced demand due to customer product reformulations or new technologies; our inability to successfully develop or introduce new products; compliance with laws; our ability to identify suitable acquisition candidates and successfully complete and integrate acquisitions; global competition; volatility of raw material and energy costs and supply; disruptions in transportation or significant changes in transportation costs; downturns in certain industries and general economic downturns; international business risks, including currency exchange rate fluctuations, legal restrictions and taxes; unfavorable resolution of litigation against us; maintaining and protecting intellectual property rights; our ability to access capital markets; global political, military, security or other instability; costs related to expansion or other capital projects; interruption or breaches of information technology systems; our ability to retain executive management and key personnel; and our debt covenants.
These forward-looking statements are made only as of the date hereof, and Stepan Company undertakes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Stepan Company | https://www.kwch.com/prnewswire/2022/07/27/stepan-declares-quarterly-dividend/ | 2022-07-27T11:32:10Z | https://www.kwch.com/prnewswire/2022/07/27/stepan-declares-quarterly-dividend/ | true |
Webcast scheduled for Tuesday, August 9 at 11:30 a.m. Eastern Time
CARLSBAD, Calif., July 27, 2022 /PRNewswire/ -- Ionis Pharmaceuticals, Inc. (Nasdaq: IONS) announced today that it will host a live webcast on Tuesday, August 9th at 11:30 a.m. Eastern Time to discuss its second quarter financial results and report on pipeline and business progress.
The webcast may be accessed at https://ir.ionispharma.com/events-and-presentations/upcoming-events. A replay will be available for a limited time at the same address.
For more than 30 years, Ionis has been the leader in RNA-targeted therapy, pioneering new markets and changing standards of care with its novel antisense technology. Ionis currently has three marketed medicines and a premier late-stage pipeline highlighted by industry-leading cardiovascular and neurological franchises. Our scientific innovation began and continues with the knowledge that sick people depend on us, which fuels our vision of becoming a leading, fully integrated biotechnology company.
To learn more about Ionis visit www.ionispharma.com and follow us on Twitter @ionispharma.
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SOURCE Ionis Pharmaceuticals, Inc. | https://www.wcjb.com/prnewswire/2022/07/27/ionis-hold-second-quarter-2022-financial-results-webcast/ | 2022-07-27T11:32:12Z | https://www.wcjb.com/prnewswire/2022/07/27/ionis-hold-second-quarter-2022-financial-results-webcast/ | false |
THE WOODLANDS, Texas, July 27, 2022 /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND) announced today that it has received an order from an unnamed party for the upgrade of an existing GunLink 4000 system. The upgrade will include, among other capabilities, dual near-field hydrophone recording. The order has a value of approximately $900,000 and is expected to be delivered later this fiscal year.
Rob Capps, MIND's President and Chief Executive Officer, stated, "This latest order is yet another indication of the strength we are seeing in the marine exploration market. Our Seamap unit, with its market leading products, continues to benefit from the rebound in this space."
About MIND Technology
MIND Technology, Inc. provides technology to the oceanographic, hydrographic, defense, seismic and security industries. Headquartered in The Woodlands, Texas, MIND has a global presence with key operating locations in the United States, Singapore, Malaysia, and the United Kingdom. Its Seamap and Klein units, design, manufacture and sell specialized, high performance, marine sonar and seismic equipment.
Forward-looking Statements
Certain statements and information in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact, including statements regarding our future results of operations and financial position, our business strategy and plans, our objectives for future operations, future orders and anticipated delivery of existing orders, and future payments of dividends are forward-looking statements. The words "believe," "expect," "anticipate," "plan," "intend," "should," "would," "could" or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. All comments concerning our expectations for future revenues and operating results are based on our forecasts of our existing operations and do not include the potential impact of any future acquisitions or dispositions. Our forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. These risks and uncertainties include, without limitation, reductions in our customers' capital budgets, our own capital budget, limitations on the availability of capital or higher costs of capital, volatility in commodity prices for oil and natural gas and the extent of disruptions caused by the COVID-19 outbreak.
For additional information regarding known material factors that could cause our actual results to differ from our projected results, please see our filings with the SEC, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, unless required by law, whether as a result of new information, future events or otherwise. All forward-looking statements included in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to herein.
Contacts:
Rob Capps, President & CEO
MIND Technology, Inc.
281-353-4475
Ken Dennard / Zach Vaughan
Dennard Lascar Investor Relations
713-529-6600
MIND@dennardlascar.com
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SOURCE MIND Technology, Inc. | https://www.wcjb.com/prnewswire/2022/07/27/mind-technology-announces-receipt-order-gunlink-upgrade/ | 2022-07-27T11:33:11Z | https://www.wcjb.com/prnewswire/2022/07/27/mind-technology-announces-receipt-order-gunlink-upgrade/ | false |
MANILA, Philippines — A strong earthquake set off landslides and damaged buildings in the northern Philippines in Wednesday, killing at least four people and injuring dozens. In the capital, hospital patients were evacuated and terrified people rushed outdoors.
The 7-magnitude quake was centered in a mountainous area of Abra province, said Renato Solidum, the head of the Philippine Institute of Volcanology and Seismology, who described the midmorning shaking as a major earthquake.
"The ground shook like I was on a swing and the lights suddenly went out. We rushed out of the office, and I heard screams and some of my companions were in tears," said Michael Brillantes, a safety officer of the Abra town of Lagangilang, near the epicenter.
"It was the most powerful quake I've felt and I thought the ground would open up," Brillantes told The Associated Press by cellphone.
At least four people died mostly in collapsed structures, including a villager hit by falling cement slabs in his house in Abra, where at least 25 others were injured. In Benguet province, a worker was pinned to death after a small building that was under construction collapsed in the strawberry-growing mountain town of La Trinidad.
Many houses and buildings had cracked walls, including some that collapsed in Abra, where President Ferdinand Marcos Jr., who took office less than a month ago, planned to travel Thursday to meet victims and local officials.
Marcos Jr. told a news conference he was in his office at the riverside Malacanang presidential palace complex when the chandeliers began swaying and making clanking sounds. "It was very strong," he said of the ground shaking.
In a chilling near-death experience, Filipino photojournalist Harley Palangchao and companions were traveling downhill in two vans in Mountain Province when they suddenly heard thunder-like thuds and saw an avalanche of boulders as big as cars raining down just ahead of them from a towering mountain.
Amid screams of his companions in their van to "back up, back up!" the 44-year-old father of three raised his camera in the front seat and snapped what he feared could be the final pictures of his life. The van in front of them was grazed by a boulder, injuring one, but he and others in the second van drove backward fast enough and escaped unscathed.
"I was thinking there should be at least a record if something happened to us," Palangchao told the AP. "It was a horrific experience."
The Red Cross issued a picture of a three-story building precariously leaning toward a debris-covered road in Abra. A video taken by a panicking witness showed parts of an old stone church tower peeling off and falling in a cloud of dust on a hilltop.
Patients, some in wheelchairs, and medical personnel were evacuated from at least two hospitals in Manila, about 200 miles south of Lagangilang, but were later told to return after engineers found only a few minor cracks on walls.
The quake's strength was lowered from the initial 7.3 magnitude after further analysis. The quake was set off by movement in a local fault at a depth of 10 miles, the institute said, adding it expected damage and more aftershocks.
The Philippines lies along the Pacific "Ring of Fire," an arc of faults around the Pacific Ocean where most of the world's earthquakes occur. It is also lashed by about 20 typhoons and tropical storms each year, making it one of the world's most disaster-prone countries.
A magnitude 7.7 quake killed nearly 2,000 people in the northern Philippines in 1990.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.wdiy.org/npr-news/npr-news/2022-07-27/strong-earthquake-kills-at-least-4-and-injures-dozens-in-the-northern-philippines | 2022-07-27T11:33:26Z | https://www.wdiy.org/npr-news/npr-news/2022-07-27/strong-earthquake-kills-at-least-4-and-injures-dozens-in-the-northern-philippines | true |
Wireless charging has the potential to ease the burden of the supply chain through uninterrupted operations and industrial automation
- The agreement will allow Wiferion to use WiTricity's wireless charging IP in the space of industrial applications
- Wireless charging increases factory uptime 32% through efficiencies gained from in-process charging that allows continual autonomous operations
- Wireless charging solutions for industrial applications eliminate safety concerns, including the elimination of exposed electrical connectors
FREIBURG, Germany and WATERTOWN, Mass., July 27, 2022 /PRNewswire/ -- WiTricity, the global leader in wireless charging for electric vehicles, today announced it has licensed its wireless charging technology to Wiferion, the leading solution provider for mobile, wireless power supplies for industrial e-vehicles. Wiferion develops wireless charging systems for a broad range of industrial applications, including automatic guided vehicles (AGV), industrial trucks, and mobile collaborative robots (AMR/Cobots), that showcase the increasing importance of autonomy.
"We are happy to see Wiferion join our other licensees to further the possibilities for wireless charging," said Alex Gruzen, CEO, WiTricity. "We are proud to see our pioneering technology help fuel the future of industrial automation and look forward to partnering with Wiferion to accelerate growth in the industry."
Wiferion's contactless inductive charging systems portfolio supplies entire fleets of industrial vehicles with energy, no matter the voltage, current, or battery type. Wiferion's solutions are on the forefront of the shift to uninterrupted industrial automation – meaning AGVs, AMRs, and other industrial vehicles have 32% more uptime through "in-process" charging, or charging during the workflow, rather than at the end of shift.
Not only do these technologies untether robots to enable hands-free, unattended factories, but with every industry experiencing supply chain disruptions, wireless charging can offer improved efficiencies. With the potential to continue 24 hours a day, 7 days a week using a factory's entire fleet without pause, industrial automation can help industries move past current supply chain disruptions to increase productivity.
"Already today, Wiferion's etaLINK wireless charging solutions are powering thousands of mobile robots around the globe. Having access to WiTricity's patent portfolio will allow us to further sharpen our value proposition and accelerate the adoption of wireless charging in industrial automation," said Florian Reiners, CEO of Wiferion. "We are looking forward to partnering with WiTricity in our mission to enable the electrified economy and set a standard for wireless charging applications."
In addition to offering more efficient energy supplies, Wiferion's contactless inductive charging systems eliminate safety concerns due to open contacts, trip hazards, and fire potential. Wiferion's system has been designed into more than 100 different vehicles worldwide with more than 5,000 units sold globally, including installation in nearly all top European car manufacturing facilities.
For more information about WiTricity, visit www.WiTricity.com. For more information on Wiferion, visit www.Wiferion.com.
WiTricity is the trailblazer in wireless charging for electric vehicles, leading the development and implementation of magnetic resonance technology across passenger and commercial vehicles alike. The company's technology is backed by an extensive patent portfolio and is the foundation for ratified global EV wireless charging standards including SAE, ISO and GB. Automakers and Tier 1 suppliers turn to WiTricity to help accelerate the adoption of EVs by eliminating the hassle of plug-in charging, setting the stage for future autonomy.
From inductive charging technology to software-based energy management solutions, Wiferion offers a range of products that enable efficient energy supply for industrial trucks (FFZ), driverless transport systems (AGV), and autonomous mobile robots (AMR). The technology is also suitable for retrofit projects for existing fleets.
The flexible and scalable integration of Wiferion products eliminates unnecessary machine downtime and maintenance-intensive and costly charging with plugs. Users sustainably increase their utilization and fleet efficiency by up to 32%.
The inductive battery charging systems of the etaLINK series are award-winning and have received prestigious awards such as the IFOY Award and "BEST PRODUCT" at LogiMAT 2020.
Numerous companies from the logistics, industry, and automotive sectors rely on Wiferion technology. These include leading providers of automation solutions such as the robotics companies SAFELOG, KUKA, and FlexQube. Wiferion has sold more than 5,000 etaLINK systems in over 20 countries. The battery charging systems are now used by more than 100 OEMs and by practically all German automobile manufacturers as well as the large logistics and e-commerce companies.
Wiferion is the leading solution provider for mobile, wireless power supply for electric industrial vehicles and was founded in 2016 by four researchers from the Fraunhofer Institute for Solar Energy Systems. As a technology driver in the field of wireless charging, Wiferion creates the basis for a resource-saving and sustainable energy supply. info@wiferion.com.
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Compelling evidence that chronic neuroinflammation induces neurodegeneration in Parkinson's disease (PD)
Hypothesized that microglial inflammasome activation propagates chronic neuroinflammation in PD
IC 100, a CNS-penetrating monoclonal ASC Inhibitor, targets multiple types of inflammasomes to block initiation and perpetuation of damaging chronic inflammation
WESTON, Fla., July 27, 2022 /PRNewswire/ -- ZyVersa Therapeutics, Inc. (ZyVersa), a clinical-stage specialty biopharmaceutical company developing first-in-class drugs for treatment of inflammatory and renal diseases, is honored to receive a grant from The Michael J. Fox Foundation for Parkinson's Research (MJFF) to determine if IC 100 inhibition of inflammasomes and ASC specks blocks microglial-mediated inflammation in a PD model. The research will be conducted at the University of Miami Miller School of Medicine in the labs of IC 100 inventors, Drs. Robert W. Keane and Juan Pablo de Rivero Vaccari. Dr. Keane is Professor, Departments of Physiology and Biophysics, Neurological Surgery and Microbiology, Immunology, and The Miami Project to Cure Paralysis at the University of Miami Miller School of Medicine. Dr. de Rivero Vaccari is an Associate Professor in the Department of Neurological Surgery and The Miami Project to Cure Paralysis, and a Distinguished Faculty Member of the Center for Cognitive Neuroscience and Aging at the University of Miami Miller School of Medicine.
"We are grateful to The Michael J. Fox Foundation for funding this research," says Dr. Robert Keane. "This project will be the first to determine if α-synuclein preformed fibrils (PFF) and ASC specks trigger microglial inflammasome activation, causing them to shift to a detrimental phenotype and whether inflammasome inhibition with IC 100 prevents this shift by inhibiting ASC speck formation."
"There is a significant unmet need for therapies that can delay or halt the progression of Parkinson's disease, which impacts the lives of around one million people in the U.S. and more than six million globally," stated Stephen C. Glover, ZyVersa's Co-founder, Chief Executive Officer, and Chairman. "This research will help determine the potential of IC 100 (inflammasome ASC inhibitor) to block the damaging neuroinflammation that induces neural degeneration in Parkinson's disease, similar to what we have seen in other CNS conditions. In animal models of multiple sclerosis, aging, traumatic brain injury, spinal cord injury, and stroke, IC 100 has been shown to interfere with CNS inflammasome signaling, resulting in improved histopathological and behavioral outcomes."
"MJFF continues to fund therapeutic research to improve the lives of people with Parkinson's disease," said Jessica Tome-Garcia, Ph.D., Associate Director of Research Programs at MJFF. "We are optimistic in funding ZyVersa's research to further our understanding of neuroinflammation pathways and to see if the IC 100 inhibition of inflammasomes will block the gateway of activation."
ZyVersa is a clinical stage specialty biopharmaceutical company leveraging advanced, proprietary technologies to develop first-in-class drugs. Our focus is on patients with inflammatory or renal diseases who have significant unmet medical needs. Our development pipeline includes a novel inflammasome ASC inhibitor with potential to treat multiple CNS and other inflammatory diseases. It also includes phase 2a-ready VAR 200, a cholesterol efflux mediator for treatment of rare kidney disease, focal segmental glomerulosclerosis (FSGS). VAR 200 has potential to treat other kidney diseases, such as Alport Syndrome and Diabetic Kidney Disease. For more information, please visit www.zyversa.com.
As the world's largest nonprofit funder of Parkinson's research, The Michael J. Fox Foundation is dedicated to accelerating a cure for Parkinson's disease and improved therapies for those living with the condition today. The Foundation pursues its goals through an aggressively funded, highly targeted research program coupled with active global engagement of scientists, Parkinson's patients, business leaders, clinical trial participants, donors, and volunteers. In addition to funding $1.5 billion in research to date, the Foundation has fundamentally altered the trajectory of progress toward a cure. Operating at the hub of worldwide Parkinson's research, the Foundation forges groundbreaking collaborations with industry leaders, academic scientists and government research funders; creates a robust open-access data set and biosample library to speed scientific breakthroughs and treatment with its landmark clinical study, PPMI; increases the flow of participants into Parkinson's disease clinical trials with its online tool, Fox Trial Finder; promotes Parkinson's awareness through high-profile advocacy, events, and outreach; and coordinates the grassroots involvement of thousands of Team Fox members around the world. For more information, visit us at www.michaeljfox.org, Facebook, Twitter, LinkedIn.
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SOURCE ZyVersa Therapeutics, Inc. | https://www.kwch.com/prnewswire/2022/07/27/zyversa-therapeutics-university-miami-awarded-grant-michael-j-fox-foundation-determine-if-inhibition-microglial-inflammasome-activation-with-ic-100-blocks-neuroinflammation-driving-parkinsons-disease-pathology/ | 2022-07-27T11:34:10Z | https://www.kwch.com/prnewswire/2022/07/27/zyversa-therapeutics-university-miami-awarded-grant-michael-j-fox-foundation-determine-if-inhibition-microglial-inflammasome-activation-with-ic-100-blocks-neuroinflammation-driving-parkinsons-disease-pathology/ | false |
\\title{%\nNuVinci Technologie in de praktige omwerken aan de Aalbeinweg/Lokastatie}\n\n~%}~~~~}%\n\\pagestyle{nomarginleftmarkdotted}{Title of P\\PageStyleDefaultText{%}}}% }%% {%% This command adds line to number your sections of pages %%% {%% %% %\n\n{\n {% The {headerformat} key of @include ... %%%%% Tues and Saturday, November 20-March; 6-0; ad mis; Tues-Craft Center Courses Tentive Happen nigs ThanTf.1JVa\" I V r T. M, U., I 1 U1CiE C l n S W T -' H a'i110T0r J ' J r -a-f- I T lt- - l . l For just the fourth time in U.S. history, a multi-state lottery will offer a jackpot of over $1 billion.
The streak of Mega Millions drawings without a winner continued Tuesday, pushing Friday’s projected jackpot to $1.02 billion.
No one matched 7, 29, 60, 63 and 66, plus the gold Mega Ball 15 in Tuesday’s drawing worth $830 million. The lottery, however, produced 6,775,330 winners
of smaller prizes.
The expected jackpot would make the drawing the lottery’s third-largest ever. It would also mark the largest jackpot for the multi-state lottery since January 2021, when it reached $1.05 billion.
It has been over three months since Mega Millions has produced a winner.
Mega Millions has produced four winners so far in 2022. This year's largest jackpot came in January when a $426 million jackpot was claimed in California.
Mega Millions is played in all states except Hawaii, Alaska, Nevada, Utah, and Alabama. The odds of drawing all six numbers in Mega Millions are 1 in nearly 302 million.
Even just matching five numbers is worth $1 million.
Friday’s drawing will be held at 11 p.m. ET. If a winning ticket is not sold Friday, next week’s jackpot would grow even larger. | https://www.wptv.com/news/national/mega-millions-reaches-1-billion-jackpot | 2022-07-27T11:36:11Z | https://www.wptv.com/news/national/mega-millions-reaches-1-billion-jackpot | false |
Environmental groups are soliciting help as they prepare to fight a proposed warehouse development along the Delaware River.
For three years, Jaindl Land Co. has pitched the controversial project, called the 519 Commerce Center, in Warren County’s White Township. Two warehouses totaling 2.6 million square feet are proposed on 580 acres on Foul Rift Road between Route 519 and the river.
The project will come up for a hearing with the New Jersey Department of Environmental Protection next week.
First, on Wednesday, a virtual meeting to discuss environmental concerns is planned by the Delaware Riverkeepers Network, the New Jersey Highlands Coalition and the local opposition group Citizens for Sustainable Development. The Zoom session is scheduled for 6 p.m. (Information on how to access the meeting is available on the Riverkeepers website.)
The DEP will hold a virtual public hearing on a portion of the project at 10 a.m. Aug. 5, where it will solicit input from residents and other stakeholders. Written comments are accepted through Aug. 20 via email at wqmp.publiccomments@dep.nj.gov or by mailing the DEP at PO Box 420, Mail Code 501-02A, 501 East State St., Trenton, N.J. 08625.
Among the questions already raised by the Riverkeeper Network: How will tens of thousands of gallons of sewer runoff affect local water quality? Will it exacerbate sinkholes? Will stormwater and fuel find its way into the Delaware River?
A Jaindl attorney did not return requests for comment this week. Representatives have previously said the project will adhere to all local, state and federal environmental requirements, and will set aside 219 acres for agriculture and 10 acres along the river for recreation.
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Steve Novak may be reached at snovak@lehighvalleylive.com. | https://www.nj.com/warren/2022/07/environmentalists-prepare-to-fight-jaindl-warehouses-on-delaware-river-ahead-of-nj-dep-hearing.html | 2022-07-27T11:42:24Z | https://www.nj.com/warren/2022/07/environmentalists-prepare-to-fight-jaindl-warehouses-on-delaware-river-ahead-of-nj-dep-hearing.html | true |
EXTON, Pa., July 27, 2022 /PRNewswire/ -- West Pharmaceutical Services, Inc. (NYSE: WST), a global leader in innovative solutions for injectable drug administration, announced today the Company's Board of Directors has elected Stephen Lockhart, M.D., Ph.D., as its newest member. With the addition of Dr. Lockhart, West's Board has 11 directors.
Dr. Lockhart, 64, a board-certified anesthesiologist, is the former Chief Medical Officer (CMO) of Sutter Health, a not-for-profit system of hospitals, physician organizations and research institutions in Northern California. Serving in this role for over seven years, he was responsible for quality, patient safety, research and education. In addition, Dr. Lockhart is the founder and executive sponsor of the Sutter Health Institute for Advancing Health Equity. He was previously the regional CMO for Sutter Health East Bay.
Prior to that, Dr. Lockhart was the chief administrative officer at St. Luke's campus of California Pacific Medical Center (CMPC). He has also served as the medical administrative director of surgical services at CMPC, where he practiced for 20 years.
Dr. Lockhart serves on the Board of Directors of Molina Healthcare and the National Research Corporation Health. His nonprofit board service has included the ECRI Institute, REI, The David and Lucile Packard Foundation, and Parks California, a statewide nonprofit dedicated to supporting California's parks and public lands.
A Rhodes Scholar, Dr. Lockhart earned his master's degree in economics from Oxford University, and M.D. and Ph.D. degrees from Cornell University.
"We are pleased to welcome Dr. Stephen Lockhart to West's Board of Directors," said Paolo Pucci, Lead Independent Director, West. "As a veteran physician and administrator, his wealth of leadership, experience and knowledge will enhance the impact of West's role to deliver healthcare to millions of patients every day. With Stephen's significant board expertise and passion for improving the well-being and diversity of our communities, we look forward to his contributions as a valuable addition to our Board of Directors."
West Pharmaceutical Services, Inc. is a leading provider of innovative, high-quality injectable solutions and services. As a trusted partner to established and emerging drug developers, West helps ensure the safe, effective containment and delivery of life-saving and life-enhancing medicines for patients. With approximately 10,000 team members across 50 sites worldwide, West helps support our customers by delivering over 45 billion components and devices each year.
Headquartered in Exton, Pennsylvania, and in business for nearly a century, West in its fiscal year 2021 generated over $2.83 billion in sales. West is traded on the New York Stock Exchange (NYSE: WST) and is included on the Standard & Poor's 500 index. For more information, visit www.westpharma.com.
All trademarks and registered trademarks used in this release are the property of West Pharmaceutical Services, Inc. or its subsidiaries, in the United States and other jurisdictions, unless otherwise noted.
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CHICAGO, July 27, 2022 /PRNewswire/ -- CME Group Inc. (NASDAQ: CME) today reported financial results for the second quarter of 2022.
The company reported revenue of $1.2 billion and operating income of $750 million for the second quarter of 2022. Net income was $663 million and diluted earnings per share were $1.82. On an adjusted basis, net income was $717 million and diluted earnings per share were $1.97. Financial results presented on an adjusted basis for the second quarter of 2022 and 2021 exclude certain items, which are detailed in the reconciliation of non-GAAP results.1
"As global market participants continued to navigate extraordinary economic and geopolitical uncertainties throughout the second quarter, demand for CME Group hedging tools drove our strong earnings and revenue growth, with our equity index, interest rate, foreign exchange and options volumes rising in the U.S. and internationally," said CME Group Chairman and Chief Executive Officer Terry Duffy. "We reached our third highest quarterly average daily volume on record in Q2, and, in particular, our SOFR futures and options contracts reached new records in both volume and open interest, driven by the industry's accelerating transition away from USD LIBOR. Additionally, market users increasingly turned to our micro and E-mini contracts to customize their trading strategies. Moving forward, we will remain focused on providing our clients with the tools they need to manage risk amid central bank tightening, historic inflation and other challenging market conditions."
Second-quarter 2022 average daily volume (ADV) was 23.1 million contracts, including non-U.S. ADV of 6.3 million contracts, led by 40% growth in Latin America, 36% in Asia and 15% in EMEA.
Clearing and transaction fees revenue for second-quarter 2022 totaled $1.0 billion. The total average rate per contract was $0.647. Market data revenue totaled $152 million for second-quarter 2022.
As of June 30, 2022, the company had approximately $2.0 billion in cash (including $100 million deposited with Fixed Income Clearing Corporation (FICC) and included in other current assets) and $3.4 billion of debt. The company paid dividends during the second quarter of approximately $363 million. The company has returned approximately $18.5 billion to shareholders in the form of dividends since the implementation of the variable dividend policy in early 2012.
CME Group will hold a Q&A conference call to discuss second-quarter 2022 results at 8:30 a.m. Eastern Time today. A live audio webcast of the Q&A call will be available on the Investor Relations section of CME Group's website at www.cmegroup.com. An archived recording will be available for up to two months after the call.
As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and, E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec and EBS are trademarks of BrokerTec Europe LTD and EBS Group LTD, respectively. Dow Jones, Dow Jones Industrial Average, S&P 500 and S&P are service and/or trademarks of Dow Jones Trademark Holdings LLC, Standard & Poor's Financial Services LLC and S&P/Dow Jones Indices LLC, as the case may be, and have been licensed for use by Chicago Mercantile Exchange Inc. All other trademarks are the property of their respective owners.
Statements in this press release that are not historical facts are forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied in any forward-looking statements. We want to caution you not to place undue reliance on any forward-looking statements. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the factors that might affect our performance are increasing competition by foreign and domestic entities, including increased competition from new entrants into our markets and consolidation of existing entities; our ability to keep pace with rapid technological developments, including our ability to complete the development, implementation and maintenance of the enhanced functionality required by our customers while maintaining reliability and ensuring that such technology is not vulnerable to security risks; our ability to continue introducing competitive new products and services on a timely, cost-effective basis, including through our electronic trading capabilities, and our ability to maintain the competitiveness of our existing products and services, including our ability to provide effective services to the swaps market; our ability to adjust our fixed costs and expenses if our revenues decline; our ability to maintain existing customers at substantially similar trading levels, develop strategic relationships and attract new customers; our ability to expand and globally offer our products and services; changes in regulations, including the impact of any changes in laws or government policies with respect to our products or services or our industry, such as any changes to regulations and policies that require increased financial and operational resources from us or our customers; the costs associated with protecting our intellectual property rights and our ability to operate our business without violating the intellectual property rights of others; decreases in revenue from our market data as a result of decreased demand or changes to regulations in various jurisdictions; changes in our rate per contract due to shifts in the mix of the products traded, the trading venue and the mix of customers (whether the customer receives member or non-member fees or participates in one of our various incentive programs) and the impact of our tiered pricing structure; the ability of our credit and liquidity risk management practices to adequately protect us from the credit risks of clearing members and other counterparties, and to satisfy the margin and liquidity requirements associated with the BrokerTec matched principal business; the ability of our compliance and risk management programs to effectively monitor and manage our risks, including our ability to prevent errors and misconduct and protect our infrastructure against security breaches and misappropriation of our intellectual property assets; our dependence on third-party providers and exposure to risk through third parties, including risks related to the performance, reliability and security of technology used by our third-party providers; volatility in commodity, equity and fixed income prices, and price volatility of financial benchmarks and instruments such as interest rates, credit spreads, equity indices, fixed income instruments and foreign exchange rates; economic, social, political and market conditions, including the volatility of the capital and credit markets and the impact of economic conditions on the trading activity of our current and potential customers; the impact of the COVID-19 pandemic and response by governments and other third parties; our ability to accommodate increases in contract volume and order transaction traffic and to implement enhancements without failure or degradation of the performance of our trading and clearing systems; our ability to execute our growth strategy and maintain our growth effectively; our ability to manage the risks, control the costs and achieve the synergies associated with our strategy for acquisitions, investments and alliances, including those associated with our OSTTRA joint venture with IHS Markit (now a part of S&P Global) and our partnership with Google Cloud; uncertainty related to the transition from LIBOR; our ability to continue to generate funds and/or manage our indebtedness to allow us to continue to invest in our business; industry and customer consolidation; decreases in trading and clearing activity; the imposition of a transaction tax or user fee on futures and options transactions and/or repeal of the 60/40 tax treatment of such transactions; our ability to maintain our brand and reputation; and the unfavorable resolution of material legal proceedings. For a detailed discussion and additional information concerning these and other factors that might affect our performance, see our other recent periodic filings, including our Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the Securities and Exchange Commission ("SEC") on February 25, 2022, under the caption "Risk Factors".
CME-G
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SOURCE CME Group | https://www.wflx.com/prnewswire/2022/07/27/cme-group-inc-reports-second-quarter-2022-financial-results/ | 2022-07-27T11:43:42Z | https://www.wflx.com/prnewswire/2022/07/27/cme-group-inc-reports-second-quarter-2022-financial-results/ | false |
- Record Sales of $5.6 billion, Up 17.1%
- Diluted EPS of $2.62, Up 92.6%
- Adjusted Diluted EPS of $2.20, Up 26.4%
- Significant Progress on Integration of Kaman Distribution Group
- Raises 2022 Outlook for Revenue Growth and Diluted and Adjusted Diluted EPS
ATLANTA, July 27, 2022 /PRNewswire/ -- Genuine Parts Company (NYSE: GPC) announced today its results for the second quarter ended June 30, 2022.
"GPC achieved another record quarter, consisting of double-digit sales and earnings increases and a steady cadence of continued growth," said Paul Donahue, Chairman and Chief Executive Officer. "We are benefiting from the resiliency of our Automotive and Industrial businesses and the strategic mix of our operations. We want to thank our 53,000 talented GPC teammates for their exceptional work and commitment to excellence."
Second Quarter 2022 Results
Sales were $5.6 billion, a 17.1% increase compared to $4.8 billion in the same period of the prior year. The sales growth reflects an 11.5% increase in comparable sales and an 8.8% benefit from acquisitions, partially offset by a 3.2% net unfavorable impact of foreign currency and other.
Net income was $373 million, or $2.62 per diluted earnings per share. This compares to net income of $196 million, or $1.36 per diluted share, in the prior year period.
Adjusted net income, which excludes a net benefit $59 million, or $0.42 per diluted share, in a non-recurring gain on the sale of S.P. Richards real estate partially offset by transaction and other costs related to the acquisition of Kaman Distribution Group (KDG), was $313 million, an increase of 23.9% compared to adjusted net income of $253 million for the same period of the prior year. On a per share diluted basis, adjusted net income was $2.20, an increase of 26.4% compared to $1.74 per diluted share last year. Refer to the reconciliation of GAAP net income to adjusted net income for more information.
Second Quarter 2022 Segment Highlights
Automotive Parts Group
Automotive sales were $3.5 billion, up 8.5% from the same period in 2021, improvement from an 8.4% global increase in comparable sales and a 4.5% contribution from acquisitions, net of a 4.4% unfavorable impact of foreign currency and other. Segment profit of $323 million increased 10.9%, with a segment profit margin of 9.3%, up 20 basis points from the same period of the prior year.
Industrial Parts Group
Industrial sales were $2.1 billion, up 34.5% from the same period in 2021, and reflecting a 17.8% increase in comparable sales and a 17.6% contribution from the acquisition of KDG, slightly offset by a 0.9% unfavorable impact of foreign currency. Segment profit of $225 million increased 49.9%, with profit margin of 10.6%, up 110 basis points from the same period of the prior year.
Will Stengel, President, stated, "Our second quarter results were driven by exceptional execution from our teammates along with the continued focus on our strategic investments, which delivered strong sales and margin expansion in both segments. In addition, we were pleased to further strengthen our balance sheet and generate continued strong cash flow.
"The strength in Automotive was broad-based across our global operations. Likewise, the continued strength in Industrial led to its fifth consecutive quarter of double-digit sales comps," said Mr. Stengel.
Six Months 2022 Results
Sales for the six months ended June 30, 2022 were $10.9 billion, a 17.8% increase from $9.2 billion for the same period in 2021. Net income for the six months was $618 million, or $4.34 per diluted share. The Company's adjusted net income was $579 million, or $4.06 per diluted share, an increase of 25.3% compared to $3.24 per diluted share last year.
Balance Sheet, Cash Flow and Capital Allocation
The Company generated operating cash flow from operations of $791 million during the first half of 2022, an increase from $704 million in the same period last year. The increase was driven primarily by higher net income and the effective management of our working capital. We used $1.5 billion in cash for investing activities, primarily in connection with the acquisition of KDG, in addition to $153 million for capital expenditures. We also had $585 million in cash provided by financing activities, which includes $1 billion of net proceeds from debt, primarily related to the KDG acquisition. This was partially offset by quarterly dividends of $243 million paid to shareholders and $123 million of share repurchases. Free cash flow was $638 million for the first half of 2022.
The Company ended the quarter with $2 billion in total liquidity, consisting of $1.5 billion availability on the revolving credit facility and $519 million in cash and cash equivalents.
2022 Outlook
In consideration of several factors, the Company is updating full-year 2022 guidance previously provided in its earnings release on April 21, 2022. The Company considered its recent business trends and financial results, current growth plans, strategic initiatives, global economic outlook, geopolitical conflicts and the potential impact on results in establishing its updated guidance, which is outlined in the table below. The Company will continue to update full-year guidance during 2022, as appropriate.
"We have had an exceptional first half of 2022, boosted by our Industrial business and success of our acquisition of KDG along with solid Automotive results. Our outlook for the full-year reflects our ongoing confidence in our businesses to execute our strategies despite a dynamic and uncertain external landscape," Mr. Donahue concluded.
Non-GAAP Information
This release contains certain financial information not derived in accordance with United States ("U.S.") generally accepted accounting principles ("GAAP"). These items include adjusted net income from operations, adjusted diluted net income from operations per common share and free cash flow. We believe that the presentation of adjusted net income from operations, adjusted diluted net income from operations per common share and free cash flow, when considered together with the corresponding GAAP financial measures and the reconciliations to those measures, provide meaningful supplemental information to both management and investors that is indicative of our core operations. We considered these metrics useful to investors because they provide greater transparency into management's view and assessment of our ongoing operating performance by removing items management believes are not representative of our operations and may distort our longer-term operating trends. We believe these measures are useful and enhance the comparability of our results from period to period and with our competitors, as well as show ongoing results from operations distinct from items that are infrequent or not associated with our core operations. We do not, nor do we suggest investors should, consider such non-GAAP financial measures as superior to, in isolation from, or as a substitute for, GAAP financial information. We have included a reconciliation of this additional information to the most comparable GAAP measure following the financial statements below.
Comparable Sales
Comparable sales is a key metric that refers to period-over-period comparisons of our sales excluding the impact of acquisitions, foreign currency and other. We consider this metric useful to investors because it provides greater transparency into management's view and assessment of the our core ongoing operations. This is a metric that is widely used by analysts, investors and competitors in our industry, although our calculation of the metric may not be comparable to similar measures disclosed by other companies, because not all companies and analysts calculate this metric in the same manner.
Conference Call
We will hold a conference call today at 11:00 a.m. Eastern time to discuss the results of the quarter. A supplemental earnings deck will also be available for reference. Interested parties may listen to the call and view the supplemental earnings deck on our website at http://genuineparts.investorroom.com. The call is also available by dialing 888-317-6003, conference ID 0479094. A replay will also be available on our website or at 877-344-7529, conference ID 2048254, two hours after the completion of the call.
About Genuine Parts Company
Founded in 1928, we are a global service organization engaged in the distribution of automotive and industrial replacement parts. Our Automotive Parts Group distributes automotive replacement parts in the U.S., Canada, Mexico, Australasia, France, the United Kingdom, Ireland, Germany, Poland, the Netherlands, Belgium, Spain, and Portugal. Our Industrial Parts Group distributes industrial replacement parts in the U.S., Canada, Mexico and Australasia. In total, we serve our global customers from an extensive network of more than 10,000 locations in 17 countries and has approximately 53,000 employees. Further information is available at www.genpt.com.
Forward-Looking Statements
Some statements in this report, as well as in other materials we file with the Securities and Exchange Commission (SEC), release to the public, or make available on our website, constitute forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements in the future tense and all statements accompanied by words such as "expect," "likely," "outlook," "forecast," "preliminary," "would," "could," "should," "position," "will," "project," "intend," "plan," "on track," "anticipate," "to come," "may," "possible," "assume," or similar expressions are intended to identify such forward-looking statements. These forward-looking statements include our view of business and economic trends for the remainder of the year and our expectations regarding our ability to capitalize on these business and economic trends and to execute our strategic priorities, and the updated full-year 2022 financial guidance provided. Senior officers may also make verbal statements to analysts, investors, the media and others that are forward-looking.
We caution you that all forward-looking statements involve risks and uncertainties, and while we believe that our expectations for the future are reasonable in view of currently available information, you are cautioned not to place undue reliance on our forward-looking statements. Actual results or events may differ materially from those indicated as a result of various important factors. Such factors may include, among other things, changes in general economic conditions, including unemployment, inflation (including the impact of tariffs) or deflation and geopolitical conflicts such as the conflict between Russia and Ukraine; volatility in oil prices; significant cost increases, such as rising fuel and freight expenses; the extent and duration of the disruption to our business operations caused by the global health crisis associated with the COVID-19 pandemic, including the effects on the financial health of our business partners and customers, on supply chains and our suppliers, on vehicle miles driven as well as other metrics that affect our business, and on access to capital and liquidity provided by the financial and capital markets; our ability to maintain compliance with our debt covenants; our ability to successfully integrate acquired businesses into our operations and to realize the anticipated synergies and benefits; our ability to successfully implement our business initiatives in our two business segments; slowing demand for our products; the ability to maintain favorable supplier arrangements and relationships; disruptions in global supply chains and in our suppliers operations, including as a result of the impact of COVID-19 on our suppliers and our supply chain; changes in national and international legislation or government regulations or policies, including changes to import tariffs, environmental and social policy, infrastructure programs and privacy legislation, and their impact to us, our suppliers and customers; changes in tax policies; volatile exchange rates; our ability to successfully attract and retain employees in the current labor market; uncertain credit markets and other macroeconomic conditions; competitive product, service and pricing pressures; failure or weakness in our disclosure controls and procedures and internal controls over financial reporting, including as a result of the work from home environment; the uncertainties and costs of litigation; disruptions caused by a failure or breach of our information systems, as well as other risks and uncertainties discussed in our 2021 Annual Report on Form 10-K and Item 1A, Risk Factors, in our report on Form10-Q for the quarter ended March 31, 2022 (all of which may be amplified by the COVID-19 pandemic and geopolitical conflicts, such as the current conflict between Russia and Ukraine) and from time to time in our subsequent filings with the SEC.
Forward-looking statements speak only as of the date they are made, and we undertake no duty to update any forward-looking statements except as required by law. You are advised, however, to review any further disclosures we make on related subjects in our subsequent Forms 10-K, 10-Q, 8-K and other reports filed with the SEC.
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Conference call and webcast to take place on Thursday, August 11, 2022, at 8:30 a.m. ET
SAN DIEGO, CA and CALGARY, AB, July 27, 2022 /PRNewswire/ -- Oncolytics Biotech® Inc. (NASDAQ: ONCY) (TSX: ONC) today announced that it will host a conference call and webcast on Thursday, August 11, 2022, at 8:30 a.m. ET to discuss a corporate update and financial results for the second quarter of 2022.
Conference Call & Webcast
Date: Thursday, August 11, 2022
Time: 8:30 a.m. ET
Dial In – North American Toll-Free: (888) 220-8474
Dial In – International: (647) 484-0475
Conference ID (if needed): 8806-576
Webcast: please click here
A webcast of the call will also be available on the Investor Relations page of Oncolytics' website, available by clicking here, and will be archived for three months. A dial in replay will be available for one week and can be accessed by dialing (888) 203-1112 (North America) or (647) 436-0148 (International) and using replay code: 8806-576#.
About Oncolytics Biotech Inc.
Oncolytics is a biotechnology company developing pelareorep, an intravenously delivered immunotherapeutic agent. This compound induces anti-cancer immune responses and promotes an inflamed tumor phenotype -- turning "cold" tumors "hot" -- through innate and adaptive immune responses to treat a variety of cancers.
Pelareorep has demonstrated synergies with immune checkpoint inhibitors and may also be synergistic with other approved oncology treatments. Oncolytics is currently conducting and planning clinical trials evaluating pelareorep in combination with checkpoint inhibitors and targeted therapies in solid and hematological malignancies as it advances towards a registration study in metastatic breast cancer. For further information, please visit: www.oncolyticsbiotech.com.
This press release contains forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended and forward-looking information under applicable Canadian securities laws (such forward-looking statements and forward-looking information are collectively referred to herein as "forward-looking statements"). Forward-looking statements contained in this press release include statements regarding Oncolytics' belief as to the mode of action and potential and benefits of pelareorep as a cancer therapeutic; Oncolytics' plans to advance towards a registration study in metastatic breast cancer; and other statements related to anticipated developments in Oncolytics' business and technologies. In any forward-looking statement in which Oncolytics expresses an expectation or belief as to future results, such expectations or beliefs are expressed in good faith and are believed to have a reasonable basis, but there can be no assurance that the statement or expectation or belief will be achieved. Such forward-looking statements involve known and unknown risks and uncertainties, which could cause Oncolytics' actual results to differ materially from those in the forward-looking statements. Such risks and uncertainties include, among others, the availability of funds and resources to pursue research and development projects, the efficacy of pelareorep as a cancer treatment, the success and timely completion of clinical studies and trials, Oncolytics' ability to successfully commercialize pelareorep, uncertainties related to the research and development of pharmaceuticals, uncertainties related to the regulatory process and general changes to the economic environment. In particular, we may be impacted by business interruptions resulting from COVID-19 coronavirus, including operating, manufacturing supply chain, clinical trial and project development delays and disruptions, labour shortages, travel and shipping disruption, and shutdowns (including as a result of government regulation and prevention measures). It is unknown whether and how Oncolytics may be affected if the COVID-19 pandemic persists for an extended period of time. We may incur expenses or delays relating to such events outside of our control, which could have a material adverse impact on our business, operating results and financial condition. Investors should consult Oncolytics' quarterly and annual filings with the Canadian and U.S. securities commissions for additional information on risks and uncertainties relating to the forward-looking statements. Investors are cautioned against placing undue reliance on forward-looking statements. The Company does not undertake any obligation to update these forward-looking statements, except as required by applicable laws.
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LONDON (AP) — Britain’s railway network ground to a crawl on Wednesday after 40,000 staff walked off the job in a dispute over jobs, pay and working conditions. Train companies said only about a fifth of services across the country were due to run.
The 24-hour strike by cleaners, signalers, maintenance workers and station staff comes a month after the country’s most disruptive rail walkout in three decades brought trains to a halt across the U.K at the start of the summer holiday season.
The dispute centers on pay, working conditions and job security as Britain’s railways struggle to adapt to travel and commuting habits changed — perhaps forever — by the coronavirus pandemic. There were almost 1 billion train journeys in the U.K. in the year to March, compared to 1.7 billion in the 12 months before the pandemic, and rail companies are looking to cut costs and staffing.
Negotiations have so far ended in deadlock. The National Union of Rail, Maritime and Transport Workers says employers’ latest pay offer falls short amid soaring inflation — currently at 9.4% — and the worst cost of living crisis in decades.
It accuses the Conservative government of preventing train companies from making a better offer. The government says it is not directly involved in the dispute.
RMT general secretary Mick Lynch said the union “will continue to negotiate in good faith, but we will not be bullied or cajoled by anyone.”
“The government need to stop their interference in this dispute so the rail employers can come to a negotiated settlement with us,” he said.
Transport Secretary Grant Shapps accused union leaders of “trying to cause as much disruption as possible to the day-to-day lives of millions of hardworking people around the country.”
He said the strike had been “cynically timed” to disrupt a semi-final of the European women’s soccer tournament on Wednesday in Milton Keynes, north of London, and the opening of the Commonwealth Games in Birmingham on Thursday.
The union staged three one-day strikes last month that stopped services across much of the country.
More strikes are planned for Saturday, when train drivers are set to walk out, and on three days in August.
Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission. | https://wtmj.com/national/2022/07/27/new-uk-rail-strike-brings-train-services-to-a-crawl/ | 2022-07-27T11:48:48Z | https://wtmj.com/national/2022/07/27/new-uk-rail-strike-brings-train-services-to-a-crawl/ | true |
NEW YORK, July 27, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Tupperware Brands Corporation.
Shareholders who purchased shares of TUP during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CLASS PERIOD: November 3, 2021 to May 3, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) Tupperware was facing significant challenges in maintaining its earnings and sales performance; (ii) accordingly, Tupperware's full-year 2022 guidance was unrealistic and/or unsustainable; (iii) all the foregoing, once revealed, was likely to have a material negative impact on Tupperware's financial condition; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
DEADLINE: August 15, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/tupperware-brands-corporation-loss-submission-form-2/?id=30245&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of TUP during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is August 15, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm | https://www.wflx.com/prnewswire/2022/07/27/shareholder-alert-gross-law-firm-notifies-shareholders-tupperware-brands-corporation-class-action-lawsuit-lead-plaintiff-deadline-august-15-2022-nyse-tup/ | 2022-07-27T11:48:50Z | https://www.wflx.com/prnewswire/2022/07/27/shareholder-alert-gross-law-firm-notifies-shareholders-tupperware-brands-corporation-class-action-lawsuit-lead-plaintiff-deadline-august-15-2022-nyse-tup/ | false |
EXTON, Pa., July 27, 2022 /PRNewswire/ -- West Pharmaceutical Services, Inc. (NYSE: WST), a global leader in innovative solutions for injectable drug administration, announced today the Company's Board of Directors has elected Stephen Lockhart, M.D., Ph.D., as its newest member. With the addition of Dr. Lockhart, West's Board has 11 directors.
Dr. Lockhart, 64, a board-certified anesthesiologist, is the former Chief Medical Officer (CMO) of Sutter Health, a not-for-profit system of hospitals, physician organizations and research institutions in Northern California. Serving in this role for over seven years, he was responsible for quality, patient safety, research and education. In addition, Dr. Lockhart is the founder and executive sponsor of the Sutter Health Institute for Advancing Health Equity. He was previously the regional CMO for Sutter Health East Bay.
Prior to that, Dr. Lockhart was the chief administrative officer at St. Luke's campus of California Pacific Medical Center (CMPC). He has also served as the medical administrative director of surgical services at CMPC, where he practiced for 20 years.
Dr. Lockhart serves on the Board of Directors of Molina Healthcare and the National Research Corporation Health. His nonprofit board service has included the ECRI Institute, REI, The David and Lucile Packard Foundation, and Parks California, a statewide nonprofit dedicated to supporting California's parks and public lands.
A Rhodes Scholar, Dr. Lockhart earned his master's degree in economics from Oxford University, and M.D. and Ph.D. degrees from Cornell University.
"We are pleased to welcome Dr. Stephen Lockhart to West's Board of Directors," said Paolo Pucci, Lead Independent Director, West. "As a veteran physician and administrator, his wealth of leadership, experience and knowledge will enhance the impact of West's role to deliver healthcare to millions of patients every day. With Stephen's significant board expertise and passion for improving the well-being and diversity of our communities, we look forward to his contributions as a valuable addition to our Board of Directors."
West Pharmaceutical Services, Inc. is a leading provider of innovative, high-quality injectable solutions and services. As a trusted partner to established and emerging drug developers, West helps ensure the safe, effective containment and delivery of life-saving and life-enhancing medicines for patients. With approximately 10,000 team members across 50 sites worldwide, West helps support our customers by delivering over 45 billion components and devices each year.
Headquartered in Exton, Pennsylvania, and in business for nearly a century, West in its fiscal year 2021 generated over $2.83 billion in sales. West is traded on the New York Stock Exchange (NYSE: WST) and is included on the Standard & Poor's 500 index. For more information, visit www.westpharma.com.
All trademarks and registered trademarks used in this release are the property of West Pharmaceutical Services, Inc. or its subsidiaries, in the United States and other jurisdictions, unless otherwise noted.
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SOURCE West Pharmaceutical Services, Inc. | https://www.ktre.com/prnewswire/2022/07/27/west-elects-new-director-board/ | 2022-07-27T11:49:36Z | https://www.ktre.com/prnewswire/2022/07/27/west-elects-new-director-board/ | false |
ZAGREB, Croatia (AP) — Croatia on Tuesday opened a long-awaited bridge connecting two parts of the country’s Adriatic Sea coastline while bypassing a small sliver of Bosnia’s territory.
Braving summer heat, many Croats rushed early on Tuesday to be among the first to cross the Peljesac bridge on foot as it opened for pedestrians ahead of the formal opening ceremony planned in the evening. It was to open to road traffic after the ceremony.
Co-funded by the European Union and built by a Chinese company, the elegant, cable-stayed bridge with six pylons is a rare venture of its kind amid concerns in Europe over China’s bid to boost its economic influence through investment in infrastructure.
The 2.4 kilometer (1.5-mile) bridge spans the Adriatic Sea to link Croatia’s mainland to the Peljesac peninsula in the south, thus also allowing easier access to the country’s most important tourism destination — the medieval walled city of Dubrovnik.
State HRT television on Tuesday described the bridge opening as a “historic day that generations awaited.”
“This is big day for Croatia,” said Prime Minister Andrej Plenkovic. “Let’s enjoy it today!”
The Yugoslav federation had no internal borders between its six republics, including Croatia and Bosnia. But when it broke up in the early 1990s, the two parts of Croatia’s Adriatic Sea coastline were split by a narrow strip of Bosnia.
Both residents and tourists had to pass border checks, which slowed down traffic and left the inhabitants of the southern area feeling isolated from the rest of the country.
That area includes Dubrovnik, a stunning medieval town that has been on UNESCO’s protected heritage list and is Croatia’s biggest tourist attraction.
The bridge finally became a reality in 2017 when the EU allocated 357 million euros ($365m), which covered much of the 526 million-euro ($533) cost. The China Road and Bridge Corporation in 2018 won an international tender to construct the bridge.
The project, however, had faced criticism from Bosnia, whose officials complained of unresolved border issues and said the bridge would hamper access to its part of the coastline.
Known for its stunning nature and hundreds of Adriatic Sea islands, Croatia is a major tourism destination, attracting millions from Europe and all over the world every summer. Tourism also is key for Croatia’s economy, which remains among the weakest in the EU. | https://www.wdtn.com/news/u-s-world/ap-international/croatia-opens-adriatic-coast-bridge-linking-divided-region/ | 2022-07-27T11:50:46Z | https://www.wdtn.com/news/u-s-world/ap-international/croatia-opens-adriatic-coast-bridge-linking-divided-region/ | false |
O’FALLON, Mo. (AP) — Record rainfall caused widespread flash flooding across the St. Louis area early Tuesday, killing one person, displacing many others and prompting rescues from vehicles and homes.
One person died when a car in St. Louis was found covered in more than 8 feet (2.4 meters) of water. Several puppies drowned when a building became flooded at Stray Paws Adoptables, a stray dog rescue operation in St. Peters, a St. Louis suburb. Firefighters in boats rescued other dogs from the building.
Damage across the region was widespread after a massive downpour dropped more than 12 inches (30 centimeters) of rain in parts of St. Charles County and up to 10 inches (25 centimeters) elsewhere in the St. Louis metropolitan area. Most of the rain fell in a few hours shortly after midnight.
By noon, about 9 inches (23 centimeters) of rain had fallen at Lambert Airport, demolishing the previous daily record of 6.85 inches set Aug. 20, 1915, when remnants of the Galveston, Texas, hurricane moved north to St. Louis. Forecasters expected more storms through the rest of the week.
Firefighters were busy with water rescues. Sections of interstates 70, 64, 55 and 44 were all closed at various times as water swamped the roadways. Some motorists took to social media to report being stranded for hours.
In the city of St. Louis, the fire department rescued people from several homes after floodwaters made it into houses. Fire Chief Dennis Jenkerson said at a news conference that many homes suffered significant damage, and some roofs were collapsing under the weight of the water.
Across the region, firefighters and other first responders rescued more than 100 people, mostly from vehicles that tried to pass through water-covered roadways.
“We’ve had a tremendous amount of cars that have been door-deep and also roof-deep in some of these low-lying areas,” Jenkerson said.
The water was above the roof of a car found just after 10 a.m. in a neighborhood near Forest Park. One person was pulled out but pronounced dead. Their identity has not been released.
In the St. Louis County town of Brentwood, residents were forced to evacuate when Deer Creek overflowed. Rising waters also threatened homes in Ladue, one of the wealthiest cities in Missouri.
Flooding was so bad that the iconic Gateway Arch closed for the day.
National Weather Service meteorologist Marshall Pfahler said a storm stalled over the St. Louis area around midnight and kept pouring water over the same relatively narrow band.
“You have this swath of up to 10-inch amounts, and a county or two south they had a trace or even less,” Pfahler said.
The remarkable rainfall followed a period of extended drought in the region. The ground was rock-hard before Tuesday morning and Pfahler said that may have played a small role in the flash flooding. A bigger factor, he said, was that the storm hit a metro area with a lot of concrete and asphalt, rather than grassy areas that could absorb the moisture more readily.
While the St. Louis region got the worst of it, other places were soaked, too. The central Missouri town of Mexico received more than 6 inches (15 centimeters) of rain. Similar rainfall totals were reported in parts of southern Illinois.
Missouri Lt. Gov. Mike Kehoe declared a state of emergency. He was acting on behalf of Gov. Mike Parson, who is on an international trip promoting trade. | https://www.wdtn.com/news/u-s-world/ap-us-news/record-rainfall-causes-widespread-flooding-in-st-louis-area/ | 2022-07-27T11:53:24Z | https://www.wdtn.com/news/u-s-world/ap-us-news/record-rainfall-causes-widespread-flooding-in-st-louis-area/ | false |
General Dynamics Reports Second-Quarter 2022 Financial Results
Published: Jul. 27, 2022 at 6:00 AM CDT|Updated: 54 minutes ago
Net earnings of $766 million on revenue of $9.2 billion
Operating margin 10.6%, up 20 bps year over year, 90 bps sequentially
Diluted EPS of $2.75, up 5.4% year over year
Continued strong Gulfstream demand
RESTON, Va., July 27, 2022 /PRNewswire/ -- General Dynamics (NYSE: GD) today reported second-quarter 2022 net earnings of $766 million on revenue of $9.2 billion. Diluted earnings per share (EPS) were $2.75, a 5.4% increase from the year-ago quarter.
"Demand in the quarter was very strong in Aerospace, with margins showing steady improvement year over year," said Phebe N. Novakovic, chairman and chief executive officer. "Our defense segments demonstrated solid operating performance and had several important wins."
Cash Net cash provided by operating activities in the quarter totaled $659 million. During the quarter, the company invested $224 million in capital expenditures, paid $349 million in dividends, and used $800 million to repurchase shares, ending the quarter with $2.2 billion in cash and equivalents on hand. For the first half of the year, net cash provided by operating activities totaled $2.6 billion, or 176% of net earnings.
Backlog Orders remained strong across the company with a consolidated book-to-bill ratio, defined as orders divided by revenue, of 1.1-to-1 for the quarter, with particular strength in the Aerospace segment driven by strong order activity for Gulfstream aircraft. In addition to company-wide backlog of $87.6 billion, estimated potential contract value, representing management's estimate of additional value in unfunded indefinite delivery, indefinite quantity (IDIQ) contracts and unexercised options, was $38.7 billion. Total estimated contract value, the sum of all backlog components, was $126.4 billion at the end of the quarter.
Significant awards in the quarter for the three defense segments included $410 million with a maximum potential value of $1.1 billion from the U.S. Army to begin low-rate initial production (LRIP) of the Mobile Protected Firepower vehicle; $295 million for various munitions and ordnance with additional option value of $465 million; $525 million from the Army to upgrade Stryker vehicles; $500 million from the U.S. Navy for long-lead materials to support construction of two additional John Lewis-class (T-AO-205) fleet replenishment oilers; $355 million to produce Abrams main battle tanks in the system enhancement package version 3 (SEPv3) configuration for Australia; $160 million with a maximum potential value of $325 million from the U.S. Space Development Agency to build and operate ground systems for the new low earth orbit (LEO) satellite network; $315 million from the Navy for submarine industrial base development and expansion for the Columbia-class submarine program; a contract with a maximum potential value of $300 million for development and sustainment of applications and websites for the Administrative Office of the United States Courts; and $545 million for several key classified contracts.
About General Dynamics Headquartered in Reston, Virginia, General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated $38.5 billion in revenue in 2021. More information is available at www.gd.com.
Certain statements in this press release, including any statements about the company's future operational and financial performance, may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Words such as "expects," "anticipates," "plans," "believes," "forecasts," "scheduled," "outlook," "estimates," "should" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on management's expectations, estimates, projections and assumptions. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. Additional information regarding these factors is contained in the company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K. All forward-looking statements speak only as of the date they were made. The company does not undertake any obligation to update or publicly release revisions to any forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.
WEBCAST INFORMATION: General Dynamics will webcast its second-quarter 2022 financial results conference call at 9 a.m. EDT on Wednesday, July 27, 2022. The webcast will be a listen-only audio event available at www.gd.com. An on-demand replay of the webcast will be available by telephone one hour after the end of the call and end on August 3, 2022, at 866-813-9403 (international: +44 204-525-0658); passcode 671446. Charts furnished to investors and securities analysts in connection with General Dynamics' announcement of its financial results are available at www.gd.com.
We received the following significant contract awards during the second quarter of 2022:
Marine Systems:
$500 from the U.S. Navy for long-lead materials to support construction of two additional John Lewis-class (T-AO-205) fleet replenishment oilers.
$315 from the Navy to provide submarine industrial base development and expansion for the Columbia-class program.
$100 from the Navy for long-lead materials to support construction of an additional Expeditionary Sea Base (ESB) auxiliary support ship.
$55 from the Navy to provide ongoing lead yard services for the Arleigh Burke-class (DDG-51) destroyer program.
$50 from the Navy to improve submarine acoustic performance.
Combat Systems:
$410 from the U.S. Army to begin low-rate initial production (LRIP) of the Mobile Protected Firepower (MPF) vehicle. The contract has a maximum potential value of $1.1 billion.
$295 for various munitions and ordnance with additional option value of $465.
$525 from the Army to upgrade Stryker vehicles to the double-V-hull (DVH) A1 configuration.
$355 to produce Abrams main battle tanks in the system enhancement package version 3 (SEPv3) configuration for Australia.
$60 to produce M3 amphibious bridge systems for an international customer. The contract has a maximum potential value of $210.
$90 from the Army for engineering and logistics support services for the Abrams family of vehicles.
$50 from the Army to upgrade domestic Abrams main battle tanks to the SEPv3 configuration.
Technologies:
$545 for several key classified contracts.
$160 from the U.S. Space Development Agency to build and operate ground systems for the new low earth orbit (LEO) satellite network. The contract has a maximum potential value of $325.
An indefinite delivery, indefinite quantity (IDIQ) contract for the development and sustainment of applications and websites for the Administrative Office of the United States Courts (AOUSC). The contract has a maximum potential value of $300.
$280 from the Centers for Medicare and Medicaid Services (CMS) for several contracts, including work to provide cloud services and software tools.
$155 to provide ship modernization services for the Navy.
$120 to provide global enterprise and digital modernization services under the Southern Command's (SOUTHCOM) Cyber Information Technology Enterprise Services (SCITES) contract.
$10 from the Department of Veteran Affairs (VA) to provide information technology (IT) support to more than 500,000 VA personnel and contractors nationwide. The contract has a maximum potential value of $110.
$105 from the Army for computing and communications equipment under the Common Hardware Systems-5 program.
$85 to provide military information support operations for the United States Special Operations Command.
$75 to provide command, control and communications capabilities for the U.S. Department of Defense (DoD).
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.valleynewslive.com/prnewswire/2022/07/27/general-dynamics-reports-second-quarter-2022-financial-results/ | 2022-07-27T11:54:11Z | https://www.valleynewslive.com/prnewswire/2022/07/27/general-dynamics-reports-second-quarter-2022-financial-results/ | true |
British American Tobacco profits plunge 25% after Lucky Strike owner takes £957m hit from exiting Russia
- Half-year profits from operations at the Dunhill cigarette maker fell to £3.68bn
- Earnings were also impacted by the firm's restructuring programme Quantum
- BAT's revenues from its non-combustible brands jumped by 45.4% to £1.28bn
British American Tobacco's profits have plunged by a quarter following its decision to withdraw from the Russian market.
The Lucky Strike-owner fell to £3.68billion operating profit in the first six months of the year, even though total revenue jumped by 45 per cent thanks to strong demand for non-combustible products.
The decline in earnings was mainly driven by impairment charges of £957million from the intended transfer of BAT's business in Russia, where it had controlled about 25 per cent of the local tobacco market.
Decline: Profits from operations at the Lucky Strike cigarette maker fell to £3.68billion in the first six months of the year, even though total revenue jumped by 45 per cent
Another £450million charge was incurred in relation to investigations by the US Department of Justice and US Treasury's Office of Foreign Assets Control into the alleged breach of sanctions.
Earnings were further impacted by BAT's restructuring programme Quantum, which has included quitting the Egyptian market and the planned closure of a factory in Singapore.
However, the FTSE 100 company said Quantum had delivered annualised savings of £1.5billion six months earlier than planned, with further savings set to be attained by the end of 2022.
BAT also continues to expect full-year revenue growth of 2 to 4 per cent and is confident of reaching its target to turn a profit and generate £5billion from its 'new category' portfolio by 2025.
Chief executive Jack Bowles said: 'We are not immune, of course, to the increasing macro-economic pressures, exacerbated by the conflict in Ukraine.
'However, we are well positioned to navigate the current turbulent environment due to our powerful brands, operational agility and continued strong cash generation.'
Demand: Over 20 million people now use at least one of British American Tobacco's non-combustible brands, which now provides 14.6 per cent of its overall revenues
In the first half of this year, the group saw revenues from its three non-combustible brands - Velo, Vuse and Glo - jump by 45.4 per cent to £1.28billion.
Vuse saw the largest increase in sales, surging by 55.2 per cent to £617million as massive demand for its Alto e-cigarette helped the brand become the market leader in 34 US states.
Alongside this, BAT achieved revenue growth of 38.6 per cent from tobacco heating products on the back of much higher sales and volume share in Europe, and the rising popularity of Glo Hyper devices.
Over 20 million people now use at least one of the firm's non-combustible brands, which now provides 14.6 per cent of its overall revenues, though BAT said it was still making £222million in losses from the segment.
During the second half of 2022, the company is expanding the range with the launch of Glo Hyper X2 and extending its Vuse Go platform into more markets following a trial in the UK.
However, while BAT is trying to bolster its share of trade from new categories, Bowles said the firm was seeing 'no acceleration of downtrading' of its combustibles products.
Sales of traditional cigarette brands, which include Dunhill, Rothmans and Pall Mall, grew by around £250million due to higher pricing, offsetting a drop in volumes caused by the sale of its Iranian business, the escalation of the Russo-Ukrainian War and weaker output in the US and Turkey.
Steve Clayton, a fund manager at Hargreaves Lansdown, said: 'Tobacco will always be a controversial industry, but BAT is making tangible progress toward a future where its products are less harmful.
'In the meantime, the group's ability to churn out reliable cash flows and dividends remains unimpeded, and with debts falling away, the financial appeal of the group is improving.'
British American Tobacco shares were up 0.4 per cent to 3,485.5p during the late morning on Wednesday, meaning their value has grown by over 25 per cent in the past year.
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- Financial calculators | https://www.dailymail.co.uk/money/markets/article-11052837/BAT-profits-plunge-tobacco-giant-takes-957m-hit-Russia-exit.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-07-27T11:54:39Z | https://www.dailymail.co.uk/money/markets/article-11052837/BAT-profits-plunge-tobacco-giant-takes-957m-hit-Russia-exit.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false |
Which red light therapy is best?
Red light therapy is a treatment that dermatologists have used for years to treat skin concerns such as acne and scarring, rosacea and skin discoloration, and wrinkles. These days, you can bring this treatment home with devices designed for daily use. Whether you’re looking to reduce the appearance of stretch marks or smooth years-old acne scars, a great red light therapy device, such as top pick Aphrona Moonlight LED Facial Mask, may help.
What to know before you buy a red light therapy device
Device size
You’ll want to select a red light therapy device that’s the right size for the area of your body that you want to treat. Larger panels of lights can cover more of your body, such as your full torso. On the other hand, if you’re looking to treat a more targeted, smaller area, you may want a smaller hand-held red light therapy device.
Price
Red light therapy devices come in a wide range of prices. In general, larger panels of lights tend to cost more. So before you buy, consider how much you’re able to spend on the new device and the size you need to get the job done.
Kinds of light emitted
While red light is the more well-known light used to treat the skin, it’s not the only wavelength that can make an impact. Some devices emit both red and blue light, which may be beneficial, depending on your needs. Blue light is used to kill bacteria that may be clogging pores and causing acne, while red light is better for reducing redness and visible signs of aging. If you’re interested in both treatments, look for a device that offers both red and blue light settings.
What to look for in a quality red light therapy device
Power settings
Some red light therapy devices have multiple power settings. This can be useful if you’re treating different parts of your body and want to apply varying amounts of red light. If you plan to use your device in a few different ways, opt for a model with more than one power setting for maximum versatility.
Built-in timer
Most practitioners of red light therapy like to stick to a regimen that includes a certain number of minutes of red light exposure per day. Using a device with a built-in timer helps you stick to your practice. Plus, it’s a helpful safety feature in case you forget to turn off the device when you’re done.
Heat emission
If you plan to use your red light therapy device directly against your skin, or very close to your body, be sure to check the heat emissions to make sure the experience won’t be too uncomfortable. Many devices top out around 100 degrees. Much hotter, and you may not want to apply the device for the recommended 20 to 30 minutes of exposure.
How much you can expect to spend on a red light therapy device
You’ll quickly find that there’s a significant range of prices when it comes to buying a red light therapy device. For smaller hand-held devices, you can expect to spend around $100. large, full-body light panels can cost upward of $300.
Red light therapy FAQ
Is red light therapy safe?
A. While the efficacy of red light therapy still needs research, it appears to be safe and there are no known side effects when used in the short term. The light emitted from a red light therapy device is not the same as potentially harmful UV rays that are associated with skin cancer. When using red light on your face, however, it is important to use eye protection, as prolonged exposure to the red light can damage the eyes. It’s best to seek a doctor’s informed opinion before starting any new health practice.
How does red light therapy work?
A. Red light therapy is meant to increase the efficacy of the mitochondria in your cells. Mitochondria are responsible for providing the energy your cells need to perform various bodily functions, including healing wounds and scar tissue, reducing inflammation, and fighting disease.
What does red light therapy do?
A. A few scientific studies suggest that red light therapy can help your cells produce collagen, for more elastic, firm skin and stronger joint and ligament connective tissue. It may also increase blood circulation, which can reduce inflammation and improve muscle recovery and strength-building.
What’s the best red light therapy device to buy?
Top red light therapy device
Aphrona Moonlight LED Facial Mask
What you need to know: This red light therapy device is designed to apply powerful red and blue light directly to your facial skin at a close range to maximize results.
What you’ll love: This mask goes beyond red light and includes blue and green light settings that can treat various levels of scars, fine lines, wrinkles, and dark spots.
What you should consider: This facial mask won’t work for other parts of the body.
Where to buy: Sold by Amazon
Top red light therapy device for the money
UUPAS Red Light Therapy Device
What you need to know: This is a budget-friendly red light therapy option designed to target deep into your skin to improve wrinkles, discoloration, and fine lines.
What you’ll love: This wand-like red light therapy stick is designed to apply targeted attention to trouble areas, particularly on your face. It’s lightweight and portable, which makes it great for travel.
What you should consider: You’ll need to hold this hand-held device while in use, unlike panel-style red light therapy devices.
Where to buy: Sold by Amazon
Worth checking out
Bestqool Red Light Therapy Device
What you need to know: This is a midsized light panel at an affordable price that’s great for most parts of the body.
What you’ll love: The device has a built-in timer and three power settings to target different areas.
What you should consider: The device is a bit too bulky and heavy to be portable.
Where to buy: Sold by Amazon
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MARLBOROUGH, Mass., July 27, 2022 /PRNewswire/ -- Boston Scientific Corporation (NYSE: BSX) generated net sales of $3.244 billion during the second quarter of 2022, growing 5.4 percent on a reported basis, 9.6 percent on an operational1 basis and 6.6 percent on an organic2 basis, all compared to the prior year period. The company reported GAAP net income available to common stockholders of $246 million or $0.17 per share (EPS), compared to $172 million or $0.12 per share a year ago, and achieved adjusted3 EPS of $0.44 for the period, compared to $0.40 a year ago.
"We had another quarter of excellent performance, a testament to the talent of our global team, the sustainability and diversification of our innovative medical technology portfolio and our strong market positions amid continued macroeconomic challenges," said Mike Mahoney, chairman and chief executive officer, Boston Scientific. "As we continue to execute our strategy, we have a tremendous opportunity to continue to deliver on our promise to bring life-changing devices and therapies to more patients who need them."
Second quarter financial results and recent developments:
- Reported net sales of $3.244 billion, representing an increase of 5.4 percent on a reported basis, compared to the company's guidance range of 3 to 6 percent; 9.6 percent on an operational basis; and 6.6 percent on an organic basis, compared to the company's guidance range of 3 to 6 percent, all compared to the prior year period.
- Reported GAAP net income available to common stockholders of $0.17 per share, compared to the company's guidance range of $0.19 to $0.23 per share, and achieved adjusted EPS of $0.44 per share, compared to the guidance range of $0.41 to $0.43 per share.
- Achieved net sales growth in each reportable segment4, compared to the prior year period:
- Achieved the following regional net sales growth/(decline), compared to the prior year period:
- Received U.S. Food and Drug Administration (FDA) 510(k) clearance for and launched the VersaCross Connect™ LAAC Access Solution developed by Baylis Medical, featuring a shapable dilator and the radiofrequency (RF) energy technology of the VersaCross® RF Transseptal Solution, compatible with the WATCHMAN FXD Curve™ Access Sheath to provide safe and efficient access to the left side of the heart for WATCHMAN FLX implants.
- Received National Medical Products Administration approval in China for the Tria™ Firm Ureteral Stent. The Tria stent incorporates proprietary PercuShield™ technology engineered to provide protection against the accumulation of both urine calcium and magnesium salt deposits during indwell.
- Late-breaking data from 54,000 patients in the NCDR-LAAO Registry presented at Heart Rhythm 2022 demonstrated that the WATCHMAN™ FLX Left Atrial Appendage Closure (LAAC) Device was associated with a significantly lower (43% reduction) rate of in-hospital major adverse events compared with the previous-generation device driven by lower rates of pericardial effusion requiring intervention and major bleeding.
- Late-breaking registry data—including a European study presented at TVT and the latest data from the Italian ITAL-neo Registry presented at EuroPCR—supported reduced paravalvular leak (PVL) and superior performance of the ACURATE neo2™ Aortic Valve System over the previous-generation valve.
- The investigator-sponsored ATLAS trial demonstrated a highly significant 92 percent reduction in serious lead-related complications at six months for the EMBLEM™ Subcutaneous Implantable Defibrillator (S-ICD) compared to single chamber transvenous ICD devices. ATLAS is the first prospective randomized controlled trial whose primary objective was to evaluate lead-related complication rates between the S-ICD and single chamber TV-ICD devices at six months after implant.
- Completed enrollment in the ADVENT clinical trial—a prospective, multi-center, randomized safety and effectiveness pivotal study comparing the FARAPULSE™ Pulsed Field Ablation (PFA) System to standard-of-care ablation in patients with paroxysmal—or intermittent —atrial fibrillation (AF) with a primary endpoint of freedom from AF at 12 months after a single ablation procedure.
- Completed enrollment in the NEwTON AF clinical trial – a prospective, multi-center, single-arm study to establish the safety and effectiveness of the INTELLANAV STABLEPOINT™ Ablation Catheter and Force-Sensing System in patients with symptomatic, drug-refractory, recurrent paroxysmal atrial fibrillation.
- Announced agreement to purchase the majority stake of M.I.Tech Co., Ltd from Synergy Innovation Co., Ltd, subject to customary closing conditions, to broaden and complement the Boston Scientific portfolio of gastrointestinal and airway stents.
- Released 2021 Performance Report, highlighting the company's achievements in advancing environmental, social and governance (ESG) priorities to transform care, invest in employees, accelerate possibilities, protect the environment and create value responsibly.
Net sales for the second quarter by business and region:
Guidance for Full Year and Third Quarter 2022
The company now estimates net sales growth for the full year 2022, versus the prior year period, to be in a range of approximately 6.5 to 7.5 percent on a reported basis, and approximately 8 to 9 percent on an organic basis. Full year organic net sales guidance excludes the impact of foreign currency fluctuations and net sales attributable to acquisitions and divestitures for which there are less than a full period of comparable net sales. The company now estimates EPS on a GAAP basis in a range of $0.69 to $0.76 and estimates adjusted EPS, excluding certain charges (credits), of $1.74 to $1.77.
The company estimates net sales growth for the third quarter of 2022, versus the prior year period, to be in a range of approximately 6 to 8 percent on a reported basis, and approximately 8 to 10 percent on an organic basis. Third quarter organic net sales guidance excludes the impact of foreign currency fluctuations and net sales attributable to acquisitions and divestitures for which there are less than a full period of comparable net sales. The company estimates EPS on a GAAP basis in a range of $0.20 to $0.24 and adjusted EPS, excluding certain charges (credits), of $0.43 to $0.45.
Conference Call Information
Boston Scientific management will be discussing these results with analysts on a conference call today at 8:00 a.m. ET. The company will webcast the call to interested parties through its website: www.bostonscientific.com. Please see the website for details on how to access the webcast. The webcast will be available for approximately one year on the Boston Scientific website.
About Boston Scientific
Boston Scientific transforms lives through innovative medical solutions that improve the health of patients around the world. As a global medical technology leader for more than 40 years, we advance science for life by providing a broad range of high performance solutions that address unmet patient needs and reduce the cost of healthcare. For more information, visit www.bostonscientific.com and connect on Twitter and Facebook.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements may be identified by words like "anticipate," "expect," "project," "believe," "plan," "estimate," "may," "intend" and similar words. These forward-looking statements are based on our beliefs, assumptions and estimates using information available to us at the time and are not intended to be guarantees of future events or performance. These forward-looking statements include, among other things, statements regarding our expected net sales; reported, operational and organic revenue growth rates; reported and adjusted EPS for the third quarter and full year 2022; our financial performance; our business plans and product performance; and the impact of the COVID-19 pandemic on the company's results of operations. If our underlying assumptions turn out to be incorrect, or if certain risks or uncertainties materialize, actual results could vary materially from the expectations and projections expressed or implied by our forward-looking statements. These factors, in some cases, have affected and in the future (together with other factors) could affect our ability to implement our business strategy and may cause actual results to differ materially from those contemplated by the statements expressed in this press release. As a result, readers are cautioned not to place undue reliance on any of our forward-looking statements.
Risks and uncertainties that may cause such differences include, among other things: the impact of the ongoing COVID-19 pandemic on our operations and financial results; the impact of foreign currency fluctuations; future U.S. and global economic, political, competitive, reimbursement and regulatory conditions; manufacturing, distribution and supply chain disruptions and cost increases; disruptions caused by cybersecurity events; disruptions caused by extreme weather or other climate change-related events; labor shortages and increases in labor costs; new product introductions; expected procedural volumes; the closing and integration of acquisitions; demographic trends; intellectual property rights; litigation; financial market conditions; the execution and effect of our business strategy, including our cost-savings and growth initiatives; and future business decisions made by us and our competitors. New risks and uncertainties may arise from time to time and are difficult to predict, including those that have emerged or have increased in significance or likelihood as a result of the COVID-19 pandemic. All of these factors are difficult or impossible to predict accurately and many of them are beyond our control. For a further list and description of these and other important risks and uncertainties that may affect our future operations, see Part I, Item 1A - Risk Factors in our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission, which we may update in Part II, Item 1A - Risk Factors in Quarterly Reports on Form 10-Q we have filed or will file hereafter. We disclaim any intention or obligation to publicly update or revise any forward-looking statements to reflect any change in our expectations or in events, conditions, or circumstances on which those expectations may be based, or that may affect the likelihood that actual results will differ from those contained in the forward-looking statements. This cautionary statement is applicable to all forward-looking statements contained in this press release.
Note: Amounts reported in millions within this press release are computed based on the amounts in thousands. As a result, the sum of the components reported in millions may not equal the total amount reported in millions due to rounding. Certain columns and rows within tables may not add due to the use of rounded numbers. Percentages presented are calculated from the underlying numbers in dollars.
Use of Non-GAAP Financial Information
A reconciliation of the company's non-GAAP financial measures to the corresponding GAAP measures, and an explanation of the company's use of these non-GAAP financial measures, is included in the exhibits attached to this press release.
BOSTON SCIENTIFIC CORPORATION
Q3 and FY 2022 GUIDANCE RECONCILIATIONS
(Unaudited)
Net Sales
Earnings per Share
Use of Non-GAAP Financial Measures
To supplement our unaudited consolidated financial statements presented on a GAAP basis, we disclose certain non-GAAP financial measures, including adjusted net income (loss), adjusted net income (loss) available to common stockholders and adjusted net income (loss) per share (EPS) that exclude certain amounts; operational net sales, which exclude the impact of foreign currency fluctuations; and organic net sales, which exclude the impact of foreign currency fluctuations as well as the impact of certain acquisitions and divestitures with less than a full period of comparable net sales. These non-GAAP financial measures are not in accordance with generally accepted accounting principles in the United States and should not be considered in isolation from or as a replacement for the most directly comparable GAAP financial measures. Further, other companies may calculate these non-GAAP financial measures differently than we do, which may limit the usefulness of those measures for comparative purposes.
To calculate adjusted net income (loss), adjusted net income (loss) available to common stockholders and adjusted net income (loss) per share we exclude certain charges (credits) from GAAP net income (loss) and GAAP net income (loss) available to common stockholders. Amounts are presented after-tax at the company's effective tax rate, unless the amount is a significant unusual or infrequently occurring item in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 740-270-30, "General Methodology and Use of Estimated Annual Effective Tax Rate." Please refer to Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations in our most recent Annual Report filed on Form 10-K filed with the Securities and Exchange Commission or any Quarterly Report on Form 10-Q that we file thereafter for an explanation of each of these adjustments and the reasons for excluding each item.
The GAAP financial measures most directly comparable to adjusted net income (loss), adjusted net income (loss) available to common stockholders and adjusted net income (loss) per share are GAAP net income (loss), GAAP net income (loss) available to common stockholders and GAAP net income (loss) per common share - assuming dilution, respectively.
To calculate operational net sales growth rates, which exclude the impact of foreign currency fluctuations, we convert actual net sales from local currency to U.S. dollars using constant foreign currency exchange rates in the current and prior periods. To calculate organic net sales growth rates, we also remove the impact of acquisitions and divestitures with less than a full period of comparable net sales. The GAAP financial measure most directly comparable to operational net sales and organic net sales is net sales on a GAAP basis.
Reconciliations of each of these non-GAAP financial measures to the corresponding GAAP financial measure are included in the accompanying schedules.
Management uses these supplemental non-GAAP financial measures to evaluate performance period over period, to analyze the underlying trends in our business, to assess our performance relative to our competitors and to establish operational goals and forecasts that are used in allocating resources. In addition, management uses these non-GAAP financial measures to further its understanding of the performance of our operating segments. The adjustments excluded from our non-GAAP financial measures are consistent with those excluded from our operating segments' measures of net sales and profit or loss. These adjustments are excluded from the segment measures reported to our chief operating decision maker that are used to make operating decisions and assess performance.
We believe that presenting adjusted net income (loss), adjusted net income (loss) available to common stockholders, adjusted net income (loss) per share, operational net sales growth rates and organic net sales growth rates, in addition to the corresponding GAAP financial measures, provides investors greater transparency to the information used by management for its operational decision-making and allows investors to see our results "through the eyes" of management. We further believe that providing this information assists our investors in understanding our operating performance and the methodology used by management to evaluate and measure such performance.
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Revenue of $79.6 million & 30% operating margin; Further growth expected in third quarter
MIGDAL HAEMEK, Israel , July 27, 2022 /PRNewswire/ -- Camtek Ltd. (NASDAQ: CAMT) (TASE: CAMT), today announced its financial results for the second quarter ended June 30, 2022.
Highlights of the Second Quarter of 2022
- Record quarterly revenues of $79.6 million; a 18% increase year-over-year;
- GAAP operating income of $20.9 million; non-GAAP operating income of $23.8 million, representing an operating margin of 26.2% and 29.9% respectively;
- GAAP net income of $19.2 million and non-GAAP net income of $22.1 million;
- Positive operating cash flow of $13.0 million.
Forward-Looking Expectations
Management expects continued growth for the third quarter with revenues to be $81-83 million.
Management Comment
Rafi Amit, Camtek's CEO commented, "We ended the second quarter with record results and 18% growth year-over-year. We are aware of concerns about the possibility of slowdown in the semiconductor industry and we are monitoring the situation. At this point we do not see any signs of declining demand for our systems. With our strong backlog, we see continued growth into the second half of the year as well.
Second Quarter 2022 Financial Results
Revenues for the second quarter of 2022 were $79.6 million, an increase of 18% compared to the second quarter of 2021.
Gross profit on a GAAP basis in the quarter totaled $40.2 million (50.5% of revenues), compared to a gross profit of $35.0 million (51.9% of revenues) in the second quarter of 2021. Gross profit on a non-GAAP basis in the quarter totaled $40.5 million (50.9% of revenues), compared to $35.2 million (52.1% of revenues) in the second quarter of 2021.
Operating profit on a GAAP basis in the quarter totaled $20.9 million (26.2% of revenues), compared to an operating profit of $17.0 million (25.3% of revenues) in the second quarter of 2021. Operating profit on a non-GAAP basis in the quarter totaled $23.8 million (29.9% of revenues), compared to $18.5 million (27.4% of revenues) in the second quarter of 2021.
Net income on a GAAP basis in the quarter totaled $19.2 million, or $0.40 per diluted share, compared to net income of $15.7 million, or $0.35 per diluted share, in the second quarter of 2021. Net income on a non-GAAP basis in the quarter totaled $22.1 million, or $0.46 per diluted share, compared to non-GAAP net income of $17.1 million, or $0.38 per diluted share, in the second quarter of 2021.
Cash and cash equivalents and short-term deposits, as of June 30, 2022 were $391.0 million compared to $383.3 million as of March 31, 2022. In addition, there were $47.0 in long-term deposits compared to $45.0 as of March 31, 2022. During the quarter, Camtek generated $13.0 million in operating cash flow.
Conference Call
Camtek will host a video conference call/webinar today via Zoom, July 27, 2022, at 9:00 am ET (16:00 Israel time).
Rafi Amit, CEO, Moshe Eisenberg, CFO and Ramy Langer, COO will host the call and will be available to answer questions after presenting the results.
To participate in the webinar, please register using the following link, which will email the link with which to access the video call:
For those wishing to listen via phone, following registration, the dial-in link will be sent.
For those unable to participate, a recording will be available on Camtek's website at http://www.camtek.com within a few hours after the call.
A summary presentation of the quarterly results will also be available on Camtek's website.
ABOUT CAMTEK LTD.
Camtek is a leading manufacturer of metrology and inspection equipment and a provider of software solutions serving the Advanced Packaging, Memory, CMOS Image Sensors, MEMS, RF and other segments in the mid end of the semiconductor industry.
Camtek provides dedicated solutions and crucial yield-enhancement data, enabling manufacturers to improve yield and drive down their production costs.
With eight offices around the world, Camtek has best-in-class sales and customer support organization, providing tailor-made solutions in line with customers' requirements.
This press release is available at http://www.camtek.com
This press release contains statements that may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations and assumptions of Camtek Ltd. ("we," "us" and "our"). Forward-looking statements include our expected revenues for the second and third quarter of 2022 and can be identified by the use of words including "believe," "anticipate," "should," "intend," "plan," "will," "may," "expect," "estimate," "project," "positioned," "strategy," and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements involve known and unknown risks and uncertainties that may cause the actual results, performance or achievements of Camtek to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Our actual results and performance could differ materially from those projected in the forward-looking statements as a result of many factors, including as a result of the effect of the COVID-19 pandemic on the global markets and on the markets in which we operate, including the impact of war in Ukraine, rising inflation, rising interest rates, volatile exchange rates and commodities' prices, the risk of the continuation of disruptions to our and our customers', providers', business partners' and contractors' businesses as a result of the COVID-19 pandemic, such as for example the impact of China-imposed lockdowns; our expectations regarding sufficiency of cash on hand; our dependency upon the semiconductor industry and the risk that unfavorable economic conditions or low capital expenditures may negatively impact our operating results; anticipated trends and impacts related to industry component and substrate shortages and other supply chain challenges; the future purchase, use, and availability of components supplied by third parties; impurities and other disruptions to our customers' operations, which could lower production yields or interrupt manufacturing, and could result in the cancellation or delay of purchase of our products; the highly competitive nature of the markets we serve, some of which have dominant market participants with greater resources than us; the rapid evolvement of technology in the markets in which we operate, and our ability to adequately predict these changes or keep pace with emerging industry standards; the risks relating to the concentration of a significant portion of our business in certain countries in the Asia Pacific Region, particularly China (which is our largest territory), Taiwan and Korea, some of which might be subject to trade restrictions; changing industry and market trends; reduced demand for our products; the timely development of our new products and their adoption by the market;price reductions; and those other factors discussed in our Annual Report on Form 20-F and other documents filed by the Company with the SEC as well as other documents that may be subsequently filed by Camtek from time to time with the SEC.
While we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. In addition, any forward-looking statements represent Camtek's views only as of the date of this press release and should not be relied upon as representing its views as of any subsequent date. Camtek does not assume any obligation to update any forward-looking statements unless required by law.
This press release provides financial measures that exclude: (i) share based compensation expenses; and (ii) tax settlement expenses, and are therefore not calculated in accordance with generally accepted accounting principles (GAAP). Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Management uses both GAAP and non-GAAP measures when evaluating the business internally and therefore felt it is important to make these non-GAAP adjustments available to investors. A reconciliation between the GAAP and non-GAAP results appears in the tables at the end of this press release.
(1) In February 2022 the Company reached a settlement with the Israeli Tax Authorities and in the financial statements for the year ended December 31, 2021, recorded a one-time tax expense in respect of its historical exempt earnings.
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Stock Market Symbols
GIB.A (TSX)
GIB (NYSE)
cgi.com/newsroom
Revenue up 11.5% in constant currency and EPS excluding specific items* up 13.2%
Q3-F2022 performance highlights1
- Revenue of $3.26 billion, up 7.9% year-over-year or 11.5% year-over-year in constant currency;
- Adjusted EBIT of $519.9 million, up 9.0% year-over-year;
- Adjusted EBIT margin improved by 20 basis points year-over-year to 16.0%;
- Net earnings of $364.3 million, for a margin of 11.2%, consistent year-over-year;
- Diluted EPS of $1.51, up 11.0% year-over-year;
- Net earnings excluding specific items* of $371.2 million, for a margin of 11.4%, up 20 basis points year-over-year;
- Diluted EPS excluding specific items* of $1.54, up 13.2% year-over-year;
- Cash from operating activities of $419.2 million, representing 12.9% of revenue;
- Bookings of $3.41 billion, for a book-to-bill ratio of 104.7%; and
- Backlog of $23.24 billion or 1.8x annual revenue.
MONTRÉAL, July 27, 2022 /PRNewswire/ - CGI (TSX: GIB.A) (NYSE: GIB)
"In the third quarter of fiscal 2022, we continued delivering on our build & buy profitable growth strategy with double digit increases year-over-year in both revenue and EPS," said George D. Schindler, President and Chief Executive Officer. "We are well structured through our portfolio of services and strong balance sheet to help our clients navigate the current economic environment while continuing to drive the growth and profitability of our business."
For the third quarter of fiscal 2022, the Company reported revenue of $3.26 billion, representing a year-over-year increase of 7.9%. Revenue grew by 11.5% year-over-year, when excluding $109.5 million of unfavorable foreign currency impact.
As at the end of the quarter, the number of consultants and professionals increased year-over-year by more than 10,500, for a total of approximately 88,500 worldwide.
Adjusted EBIT was $519.9 million, up 9.0% year-over-year, with an EBIT margin of 16.0% representing an improvement of 20 basis points from 15.8% in the same period last year.
For the three months ended June 30, 2022, our effective tax rate increased to 25.5% from 24.9% for the same period last year.
Net earnings were $364.3 million, up 7.6% compared with the same period last year, for a margin of 11.2%. Diluted earnings per share, as a result, were $1.51 compared to $1.36 last year, representing an increase of 11.0%.
Net earnings were $371.2 million, when excluding acquisition-related and integration costs, net of tax. This represents an increase of 9.5% year-over-year and a margin of 11.4%. On the same basis, diluted earnings per share increased by 13.2% to $1.54, up from $1.36 from the same period last year.
Bookings were $3.41 billion, representing a book-to-bill ratio of 104.7%, or 104.9% on a trailing twelve-month basis. As of June 30, 2022, the Company's backlog stood at $23.24 billion or 1.8x annual revenue.
Cash provided by operating activities was $419.2 million, stable on a year-over-year basis. Over the last twelve-months ending June 30, 2022, cash provided by operating activities was $1,903.1 million, or 15.1% of revenue.
During the quarter, the Company invested $113.6 million (at a weighted average price of $101.31) under its current Normal Course Issuer Bid to purchase for cancellation 1,120,800 of its Class A shares and $414.4 million for the recent acquisitions of Umanis SA and Harwell Management.
Return on invested capital for the quarter was 15.8%, an improvement of 200 basis points when compared to the prior year.
As at June 30, 2022, net debt stood at $3.07 billion, up from $2.96 billion at the same time last year. The net debt-to-capitalization ratio stood at 30.6% at the end of June 2022, down 30 basis points when compared to the prior year.
With cash of $0.8 billion on hand at the end of June 2022, and a fully available revolving credit facility, the Company has $2.3 billion in readily available liquidity to pursue its Build and Buy profitable growth strategy.
To access the financial statements – click here (PDF)
To access the Q3-F2022 MD&A – click here (PDF)
Management will host a conference call this morning at 9:00 a.m. Eastern Daylight time to discuss results. Participants may access the call by dialing 1-888-396-8049 or 1-416-764-8646 Conference ID: 07482468 or via cgi.com/investors. For those unable to participate on the live call, a podcast and copy of the slides will be archived for download at cgi.com/investors. Participants may also access a replay of the call by dialing 1-877-674-7070 Passcode: 482468, until August 26, 2022.
Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 88,500 consultants and professionals across the globe, CGI delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. CGI Fiscal 2021 reported revenue is $12.13 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com.
Non-GAAP financial metrics used in this press release: Constant currency growth, adjusted EBIT, adjusted EBIT margin, net debt, net debt to capitalization ratio, ROIC, net earnings excluding specific items, net earnings margin excluding specific items, and diluted EPS excluding specific items. CGI reports its financial results in accordance with IFRS. However, management believes that these non-GAAP measures provide useful information to investors regarding the company's financial condition and results of operations as they provide additional measures of its performance. These measures do not have any standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other issuers and should be considered as supplemental in nature and not as a substitute for the related financial information prepared in accordance with IFRS. Additional details for these non-GAAP measures can be found on pages 3, 4 and 5 of our Q3-F2022 MD&A which is posted on CGI's website, and filed with SEDAR at www.sedar.com and EDGAR at www.sec.gov.
Key performance measures used in this press release: bookings, book-to-bill ratio, backlog, DSO, net earnings margin, and ROE. The composition of these measures can also be found on pages 3, 4 and 5 of our Q3-F2022 MD&A.
This press release contains "forward-looking information" within the meaning of Canadian securities laws and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable United States safe harbours. All such forward-looking information and statements are made and disclosed in reliance upon the safe harbour provisions of applicable Canadian and United States securities laws. Forward-looking information and statements include all information and statements regarding CGI's intentions, plans, expectations, beliefs, objectives, future performance, and strategy, as well as any other information or statements that relate to future events or circumstances and which do not directly and exclusively relate to historical facts. Forward-looking information and statements often but not always use words such as "believe", "estimate", "expect", "intend", "anticipate", "foresee", "plan", "predict", "project", "aim", "seek", "strive", "potential", "continue", "target", "may", "might", "could", "should", and similar expressions and variations thereof. These information and statements are based on our perception of historic trends, current conditions and expected future developments, as well as other assumptions, both general and specific, that we believe are appropriate in the circumstances. Such information and statements are, however, by their very nature, subject to inherent risks and uncertainties, of which many are beyond the control of CGI, and which give rise to the possibility that actual results could differ materially from our expectations expressed in, or implied by, such forward-looking information or forward-looking statements. These risks and uncertainties include but are not restricted to: risks related to the market such as the level of business activity of our clients, which is affected by economic and political conditions, additional external risks (such as pandemics, armed conflict and inflation) and our ability to negotiate new contracts; risks related to our industry such as competition and our ability to attract and retain qualified employees, to develop and expand our services, to penetrate new markets, and to protect our intellectual property rights; risks related to our business such as risks associated with our growth strategy, including the integration of new operations, financial and operational risks inherent in worldwide operations, foreign exchange risks, income tax laws and other tax programs, our ability to negotiate favourable contractual terms, to deliver our services and to collect receivables, the reputational and financial risks attendant to cybersecurity breaches and other incidents, and financial risks such as liquidity needs and requirements, maintenance of financial ratios, and changes in creditworthiness and credit ratings; as well as other risks identified or incorporated by reference in this press release, in CGI's annual and quarterly MD&A and in other documents that we make public, including our filings with the Canadian Securities Administrators (on SEDAR at www.sedar.com) and the U.S. Securities and Exchange Commission (on EDGAR at www.sec.gov). For a discussion of risks in response to the coronavirus (COVID-19) pandemic, see Pandemic risks in section 8.1.1. of our Q3 2022 quarterly MD&A. Unless otherwise stated, the forward-looking information and statements contained in this press release are made as of the date hereof and CGI disclaims any intention or obligation to publicly update or revise any forward-looking information or forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. While we believe that our assumptions on which these forward-looking information and forward-looking statements are based were reasonable as at the date of this press release, readers are cautioned not to place undue reliance on these forward-looking information or statements. Furthermore, readers are reminded that forward-looking information and statements are presented for the sole purpose of assisting investors and others in understanding our objectives, strategic priorities and business outlook as well as our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes. Further information on the risks that could cause our actual results to differ significantly from our current expectations may be found in the section titled Risk Environment of CGI's annual and quarterly MD&A, which is incorporated by reference in this cautionary statement. We also caution readers that the above-mentioned risks and the risks disclosed in CGI's annual and quarterly MD&A and other documents and filings are not the only ones that could affect us. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial could also have a material adverse effect on our financial position, financial performance, cash flows, business or reputation.
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SOURCE CGI Inc. | https://www.wafb.com/prnewswire/2022/07/27/cgi-reports-strong-third-quarter-fiscal-2022-results/ | 2022-07-27T11:56:41Z | https://www.wafb.com/prnewswire/2022/07/27/cgi-reports-strong-third-quarter-fiscal-2022-results/ | false |
Roshni Nadar remains richest Indian woman; Nykaa’s Falguni Nayar top among self-made rich women: Report
Biocon’s Kiran Mazumdar-Shaw has moved down one rank to be the third richest woman in the country with a wealth of Rs 29,030 crore, as per the Kotak Private Banking-Hurun list
HCL Technologies’ chairperson Roshni Nadar Malhotra has retained her position as the richest woman in India, with a 54% jump in her networth to Rs 84,330 crore in 2021.
Falguni Nayar, who quit her investment banking career to start the beauty focused brand Nykaa around a decade ago, has emerged as the richest self-made woman with a networth of Rs 57,520 crore, as per the Kotak Private Banking-Hurun list published on July 27.
Ms. Nayar, who is 59, saw a 963% increase in her wealth during the year and is also the second richest woman overall, trailing the 40-year-old Malhotra, the daughter of HCL Technologies’ founder Shiv Nadar, as per the report.
Biocon’s Kiran Mazumdar-Shaw witnessed a 21% decline in her fortune and has moved down one rank to be the third richest woman in the country with a wealth of Rs 29,030 crore, it said.
The list of 100 women accounts for only Indian women, defined as born or brought up in India, who are actively managing their businesses or are self-made.
The cumulative wealth of these 100 women has increased 53% in a year to Rs 4.16 lakh crore in 2021 from Rs 2.72 lakh crore in 2020, and they now contribute 2% of India’s nominal GDP.
The cut-off for making it into the top 100 has increased to Rs 300 crore from Rs 100 crore earlier, and the top 10 cut-off is at Rs 6,620 crore, which is a 10% jump from the previous year.
Highest number of entrants in the list are from Delhi-National Capital Region at 25, followed by Mumbai (21) and Hyderabad (12), it said.
When looked at from a sectoral perspective, pharmaceuticals led with 12 entrants followed by healthcare at 11 and consumer goods with nine women in the top 100 richest women in India.
Apollo Hospitals Enterprise contributed four entrants to the list, making it the highest contribution by a single company. It was followed by Metro Shoes and Devi Sea Foods at two entrants each.
Kanika Tekriwal (33y/o) of Bhopal-based Jetsetgo is the youngest on the list with a 50% increase in wealth at Rs 420 crore.
The list also includes three professional managers, and is led by Indra Nooyi, who was associated with Pepsico with a fortune of Rs 5,040 crore, followed by Renu Sud Karnad of mortgage lender HDFC at Rs 870 crore and Shanti Ekambaram of Kotak Mahindra Bank at Rs 320 crore.
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- Please use a genuine email ID and provide your name, to avoid rejection. | https://www.thehindu.com/business/roshni-nadar-remains-richest-indian-woman-nykaas-falguninayar-top-among-self-made-rich-women-report/article65689400.ece | 2022-07-27T11:58:49Z | https://www.thehindu.com/business/roshni-nadar-remains-richest-indian-woman-nykaas-falguninayar-top-among-self-made-rich-women-report/article65689400.ece | false |
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