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MUNICH, Aug. 3, 2022 /PRNewswire/ -- The summer season has officially arrived, and getting outside is a great way to refresh the mind, body, and soul. Yadea, a leading player in the electric scooter industry, aims to help provide a safe and enjoyable riding experience with its intelligent two-wheelers during these warmer months, as tourists and outdoor enthusiasts alike are readying themselves for summer vacations and trips.
"We are aware that the public is now keen to get back on the road and travel again, and safety has always been our priority," said Aska Zeng, General Manager of Yadea. "Our mobility solutions can play a key role as facilitators of such travel. With our products, we are providing our users with the highest-quality and safest tools available to help them to visit friends and family, return to work, and take trips in general."
Boasting innovative intelligent technology, Yadea ensures its vehicles run more stably with robust power. The use of intelligent algorithms allows for efficient power enhancement when combined with Yadea's self-developed mid-motor, built-in triple sensing technology, and sports car-class smart chip, which is delivering consistent performance and making them perfect for outdoor sports enthusiasts.
Battery technology is a hot topic among users of electric mobility solutions and has long been high on Yadea's list of priorities. The company's intelligent battery management system boasts nine levels of safety protections, including protection against overcurrent and overcharged.
Yadea's products use TTFAR carbon fiber 2.0 lithium (48V48Ah) as well as lead-acid for their various power cells. A sophisticated structural design and assembly process improvements internally allow the products to achieve a more balanced temperature control function.
The whole system is backed up with an explosion-proof valve as standard. Should thermal runaway on the battery core occur, any byproducts are discharged in a timely manner to prevent any disruption to the consumers' leisurely ride.
Yadea's products also boast a long service life. For example, the Yadea TTFAR graphene-3 generation battery can be charged up to 1,000 times in a single lifecycle, thanks to its use of groundbreaking graphene material. This lifespan is three times longer than normal batteries.
In terms of the structure, the two-wheelers are also designed and built with safety as a key priority, from the body and frame to the hydraulic braking system and crystal-clear lights. The display screen console that comes as standard also includes various smart safety features.
"We firmly believe that the biggest responsibility of an enterprise is its responsibility to its users," said Aska Zeng. With such philosophy, Yadea has also exerted great efforts to raise awareness of safety in every market in which it operates with major events and safety gear giveaways.
In the last two years, Yadea has held nearly 1,000 safety events across over 700 cities, with more than 50 million customers attended and over 800,000 safety helmets provided.
About Yadea
Yadea is a global leader in developing and manufacturing electric two-wheel vehicles including electric motorcycles, electric mopeds, electric bicycles and electric kick scooters. To date, Yadea has sold products to 60 million users in over 90 countries, and has a network of 40,000+ retailers worldwide. With a mission to help people "Electrify Your Life", Yadea continues to invest in R&D, production and global expansion to build a shared and sustainable future for mankind.
For more information, visit our:
Official Website: https://www.yadea.com/
Facebook: https://www.facebook.com/Yadea.Official
Instagram: https://www.instagram.com/YADEA.GLOBAL/
Twitter: https://twitter.com/YadeaGlobal
View original content:
SOURCE Yadea | https://www.kbtx.com/prnewswire/2022/08/03/enjoy-safe-smooth-trip-with-yadea-this-summer/ | 2022-08-03T11:00:39Z | https://www.kbtx.com/prnewswire/2022/08/03/enjoy-safe-smooth-trip-with-yadea-this-summer/ | true |
Jim Caldwell’s Forecast | Heating up for a few days
LEXINGTON, Ky. (WKYT) - Those temperatures are going to reach some very uncomfortable levels. Perhaps even a little dangerous for folks out working in the heat.
The dome of heat will spread across the region today. You should see highs running around 90 or higher. When the humidity is considered into the equation it will feel more like 100 or hotter. It will be one of those days when you need to pay extra attention to what your body is telling you.
- Stay in air-conditioned buildings as much as you can. Air conditioning is the number one way to protect yourself against heat-related illness and death. If your home is not air-conditioned, reduce your risk for heat-related illness by spending time in public facilities that are air-conditioned and using air conditioning in vehicles. Contact your local health department or locate an air-conditioned shelter in your area.
- Do not rely on a fan as your main cooling device during an extreme heat event.
- Drink more water than usual and don’t wait until you’re thirsty to drink.
- Check on a friend or neighbor and have someone do the same for you.
- Limit the use of the stove and oven—it will make you and your house hotter.
- Limit your outdoor activity, especially midday when the sun is hottest.
- Pace your activity. Start activities slowly and pick up the pace gradually.
- Drink more water than usual and don’t wait until you’re thirsty to drink more. Muscle cramping may be an early sign of heat-related illness.
- Wear loose, lightweight, light-colored clothing.
Rain chances will increase on Thursday. Showers & storms will likely increase on Thursday. There could be some locally heavy rain embedded within some of those thunderstorms. This will lead to a heightened threat of flooding and flash flooding. I am not saying it is a repeat of last week but some local issues could arise! We’ll deal with another round of widespread rain on Friday.
Take care of each other!
Copyright 2022 WKYT. All rights reserved. | https://www.wkyt.com/2022/08/03/jim-caldwells-forecast-heating-up-few-days/ | 2022-08-03T11:02:08Z | https://www.wkyt.com/2022/08/03/jim-caldwells-forecast-heating-up-few-days/ | true |
NEW YORK, Aug. 3, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Waste Management, Inc..
Shareholders who purchased shares of WM 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:
CLASS PERIOD: This lawsuit is on behalf of all purchasers of certain Waste Management redeemable senior notes between February 13, 2020 and June 23, 2020.
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) the U.S. Department of Justice had indicated to Waste Management that it would require Waste Management to divest significantly more assets than the $200 million indicated in the merger agreement between the Company and Advanced Disposal Services; (ii) as a result, the merger would not be completed by July 14, 2020, the end date under the merger agreement; and (iii) the Waste Management redeemable senior notes would be subject to mandatory redemption at 101% of par.
DEADLINE: August 8, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/waste-management-inc-loss-submission-form/?id=30475&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of WM 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 8, 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.kswo.com/prnewswire/2022/08/03/shareholder-alert-gross-law-firm-notifies-shareholders-waste-management-inc-class-action-lawsuit-lead-plaintiff-deadline-august-8-2022-nyse-wm/ | 2022-08-03T11:02:10Z | https://www.kswo.com/prnewswire/2022/08/03/shareholder-alert-gross-law-firm-notifies-shareholders-waste-management-inc-class-action-lawsuit-lead-plaintiff-deadline-august-8-2022-nyse-wm/ | true |
White Salmon’s Fair Planet Advisors has been recognized as a “Best For The World” B Corporation for its customer service.
B Corporations (also known as B Corps) are companies certified by global nonprofit network B Lab. B Corps must meet high standards for social and environmental performance, accountability and transparency. The goal of B Corps, according to B Lab, is to build “an inclusive, equitable and regenerative economic system.”
B Corps also take a different approach to business, considering all stakeholders, rather than solely focusing on profit, which is something that Fair Planet Advisors co-owners Michelina and David Roth try to bring into their financial advising.
“It’s the idea that corporations need to consider everyone — supply chains, customers and the community,” Michelina said. “There’s more than just today’s bottom line. We are all connected and need to consider long-term sustainability that works for all stake holders because we all want a future for our children.”
B Corps also follow Environmental, Social and Governance (ESG) standards, which are a set of criteria that socially conscious investors use to evaluate a company’s operations. As a B Corp, Fair Planet Advisors must meet a certain threshold for sustainability practices.
Every year, Best for the World recognizes the top-performing B Corps creating positive impact through their businesses. There are five categories a B Corp can get Best for the World in: Community, Customers, Environment, Governance and Workers. Fair Planet Advisors was recognized in Customers, which, according to the B Lab website, means they scored in the top 5% of the Customers portion of the B Impact Assessment which measures the impact a company has on its customers through their products or services. According to a press release, they received this honor because of their initiatives such as customized investing solutions, which let clients have individual values represented in their investment portfolios.
“We scored really well in a couple areas to get Best of the World,” David said. “With more than 5,000 B Corps globally, we never thought we would be in the top percentages. What a huge honor.” | https://www.columbiagorgenews.com/news/fair-planet-advisors-receives-best-for-the-world-award/article_df1cbee0-12cc-11ed-8683-cf3e1d3bc123.html | 2022-08-03T11:02:15Z | https://www.columbiagorgenews.com/news/fair-planet-advisors-receives-best-for-the-world-award/article_df1cbee0-12cc-11ed-8683-cf3e1d3bc123.html | true |
NEW YORK, Aug. 3, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Teladoc Health, Inc..
Shareholders who purchased shares of TDOC 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/teladoc-health-inc-loss-submission-form/?id=30472&from=4
CLASS PERIOD: October 28, 2021 to April 27, 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) increased competition, among other factors, was negatively impacting Teladoc's BetterHelp and chronic care businesses; (ii) accordingly, the growth of those businesses was less sustainable than Defendants had led investors to believe; (iii) as a result, Teladoc's revenue and adjusted EBITDA projections for FY 2022 were unrealistic; (iv) as a result of all the foregoing, Teladoc would be forced to recognize a significant non-cash goodwill impairment charge; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
DEADLINE: August 5, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/teladoc-health-inc-loss-submission-form/?id=30472&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of TDOC 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.wsaz.com/prnewswire/2022/08/03/shareholder-alert-gross-law-firm-notifies-shareholders-teladoc-health-inc-class-action-lawsuit-lead-plaintiff-deadline-august-5-2022-nyse-tdoc/ | 2022-08-03T11:17:02Z | https://www.wsaz.com/prnewswire/2022/08/03/shareholder-alert-gross-law-firm-notifies-shareholders-teladoc-health-inc-class-action-lawsuit-lead-plaintiff-deadline-august-5-2022-nyse-tdoc/ | true |
The warm weather is forecast to continue today (August 3) in both East and West Sussex with no prolonged rain in sight, according to the Met Office. Parts of England are coming off the back of their driest July since records began, including the southeast which saw an average of only 5.0mm of rain last month.
To add to this, the dry conditions look set to continue through August. The Met Office's long-range UK forecast, for August 7-16, claims more temperatures "above average" are on the way.
It reads: "Most places are likely to see mainly settled weather at the start of this period, with a mix of cloud and sunny spells across the country. Likely staying cloudy in the north on Sunday (August 7), with outbreaks of rain or drizzle as well as some sunny spells possible.
READ MORE: Disposable BBQ causes Sussex wildfire as fire service pleas with public during dry conditions
"However, the settled conditions are likely to spread into northern areas over the start of the week, reducing the chance of rain. Temperatures generally above average, and often very warm or even hot in central and southern parts.
"Further into the period there is still the chance of some periods of organised rain in the north at times, but generally the dry weather is likely to persist across the country. Temperatures remaining above average widely, with further spells of very warm weather possible."
The weather forecast for Wednesday, August 3
Brighton & Hove
Cloudy start with sunny intervals arriving in the afternoon. Temperatures are not expected to peak above 20C.
Chichester
Overcast start to the day, but temperatures are still set to reach 23C by 2pm.
Crawley
Sunshine to fill cloudy skies by lunchtime with temperatures consistently reaching 24C throughout the day.
Eastbourne
Sunshine to dominate from lunchtime onwards following an overcast morning. Highs of 22C forecast.
Hastings
Cleary sunny skies from 2pm onwards with highs of 22C in the evening.
Do you want the latest weather news from across Sussex delivered straight to your inbox? Click here to subscribe to our newsletter
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The quirky budget-friendly Hove café named after iconic 'Breakfast at Tiffany's' movie | https://www.sussexlive.co.uk/news/sussex-news/sussex-weather-temperatures-reach-25c-7414130 | 2022-08-03T11:18:53Z | https://www.sussexlive.co.uk/news/sussex-news/sussex-weather-temperatures-reach-25c-7414130 | true |
TX El Paso Tx/Santa Teresa NM Zone Forecast for Tuesday, August 2, 2022
_____
051 FPUS54 KEPZ 031007
ZFPEPZ
Zone Forecast Product for New Mexico
National Weather Service El Paso Tx/Santa Teresa NM
407 AM MDT Wed Aug 3 2022
TXZ418-032230-
Western El Paso County-
Including the cities of Downtown El Paso, West El Paso,
and Upper Valley
407 AM MDT Wed Aug 3 2022
.TODAY...Partly cloudy. Isolated showers and thunderstorms this
afternoon. Hot with highs 96 to 101. Northwest winds 5 to 10 mph.
Chance of rain 20 percent.
.TONIGHT...Mostly cloudy in the evening, then becoming partly
cloudy. Scattered thunderstorms. Scattered showers. Lows in the
lower 70s. Southeast winds 5 to 10 mph, becoming west after
midnight. Chance of rain 50 percent.
.THURSDAY...Mostly sunny. Scattered showers and thunderstorms in
the afternoon. Highs in the upper 90s. East winds 5 to 10 mph.
Chance of rain 30 percent.
.THURSDAY NIGHT...Mostly cloudy. Scattered showers and
thunderstorms in the evening. Lows in the lower 70s. East winds
5 to 10 mph with gusts up to 20 mph. Chance of rain 50 percent.
.FRIDAY...Mostly sunny. Highs in the upper 90s. East winds 10 to
15 mph.
.FRIDAY NIGHT...Partly cloudy. Scattered showers and
thunderstorms in the evening. Lows in the lower 70s. Chance of
rain 30 percent.
.SATURDAY...Mostly sunny. Highs in the upper 90s.
.SATURDAY NIGHT...Partly cloudy. Scattered showers and
thunderstorms in the evening. Lows in the lower 70s. Chance of
rain 30 percent.
.SUNDAY...Mostly sunny. Highs in the mid 90s.
.SUNDAY NIGHT...Partly cloudy. Scattered showers and
thunderstorms in the evening. Lows in the lower 70s. Chance of
rain 30 percent.
.MONDAY...Mostly sunny. Highs in the mid 90s.
.MONDAY NIGHT...Mostly cloudy. Scattered showers and
thunderstorms in the evening. Lows in the lower 70s. Chance of
rain 30 percent.
.TUESDAY...Mostly sunny. Highs in the mid 90s.
$$
TXZ419-032230-
Eastern/Central El Paso County-
Including the cities of East and Northeast El Paso, Socorro,
and Fort Bliss
407 AM MDT Wed Aug 3 2022
.TODAY...Partly cloudy. Isolated showers and thunderstorms this
afternoon. Hot with highs around 100. West winds 5 to 10 mph.
Chance of rain 20 percent.
.TONIGHT...Mostly cloudy in the evening, then becoming partly
cloudy. Scattered thunderstorms. Scattered showers. Lows in the
mid 70s. Southeast winds 5 to 10 mph with gusts up to 20 mph,
becoming west after midnight. Chance of rain 50 percent.
.THURSDAY...Mostly sunny. Highs in the upper 90s. Northeast winds
around 5 mph, becoming east in the afternoon.
.THURSDAY NIGHT...Mostly cloudy. Scattered showers and
thunderstorms in the evening. Lows in the mid 70s. East winds
10 to 15 mph. Chance of rain 40 percent.
.FRIDAY...Mostly sunny. Highs in the upper 90s. Southeast winds
10 to 15 mph.
.FRIDAY NIGHT THROUGH SUNDAY...Partly cloudy. Lows in the mid
70s. Highs in the mid 90s.
.SUNDAY NIGHT...Partly cloudy. Scattered showers and
thunderstorms in the evening. Lows in the lower 70s. Chance of
rain 30 percent.
.MONDAY...Mostly sunny. Highs in the mid 90s.
.MONDAY NIGHT...Mostly cloudy. Scattered showers and
thunderstorms in the evening. Lows in the lower 70s. Chance of
rain 30 percent.
.TUESDAY...Mostly sunny. Highs in the mid 90s.
$$
TXZ420-032230-
Northern Hudspeth Highlands/Hueco Mountains-
Including the cities of Hueco Tanks and Loma Linda
407 AM MDT Wed Aug 3 2022
.TODAY...Sunny. Scattered showers and thunderstorms this
afternoon. Highs in the mid 90s. West winds 5 to 10 mph. Chance
of rain 40 percent.
.TONIGHT...Partly cloudy with scattered thunderstorms. Scattered
showers. Lows around 70. East winds 5 to 10 mph, becoming
northwest after midnight. Chance of rain 50 percent.
.THURSDAY...Mostly sunny. Scattered showers and thunderstorms in
the afternoon. Highs in the mid 90s. Northeast winds around
5 mph, becoming east 10 to 15 mph in the afternoon. Chance of
rain 30 percent.
.THURSDAY NIGHT...Mostly cloudy. Scattered showers and
thunderstorms in the evening. Lows around 70. East winds 10 to
15 mph with gusts up to 25 mph. Chance of rain 40 percent.
.FRIDAY...Mostly sunny. Highs in the lower 90s. East winds 10 to
15 mph.
.FRIDAY NIGHT THROUGH SUNDAY...Partly cloudy. Lows around 70.
Highs in the lower 90s.
.SUNDAY NIGHT...Partly cloudy. Scattered showers and
thunderstorms in the evening. Lows in the upper 60s. Chance of
rain 30 percent.
.MONDAY...Mostly sunny. Highs in the upper 80s.
.MONDAY NIGHT...Mostly cloudy. Lows in the upper 60s.
.TUESDAY...Mostly sunny. Highs in the lower 90s.
$$
TXZ423-032230-
Rio Grande Valley of Eastern El Paso/Western Hudspeth Counties-
Including the cities of Fabens, Fort Hancock, and Tornillo
407 AM MDT Wed Aug 3 2022
.TODAY...Sunny. Isolated showers and thunderstorms this
afternoon. Hot with highs around 100. West winds 5 to 10 mph.
Chance of rain 20 percent.
.TONIGHT...Mostly cloudy with scattered thunderstorms. Scattered
showers. Lows in the lower 70s. South winds 5 to 10 mph, becoming
northwest after midnight. Chance of rain 50 percent.
.THURSDAY...Mostly sunny. Highs in the upper 90s. North winds
around 5 mph, becoming east in the afternoon.
.THURSDAY NIGHT...Mostly cloudy. Scattered showers and
thunderstorms in the evening. Lows in the lower 70s. East winds
10 to 15 mph. Chance of rain 40 percent.
.FRIDAY...Mostly sunny. Highs in the upper 90s. Southeast winds
10 to 15 mph.
.FRIDAY NIGHT THROUGH SUNDAY...Partly cloudy. Lows in the lower
70s. Highs in the mid 90s.
.SUNDAY NIGHT...Partly cloudy. Scattered showers and
thunderstorms in the evening. Lows in the lower 70s. Chance of
rain 30 percent.
.MONDAY...Mostly sunny. Highs in the mid 90s.
.MONDAY NIGHT...Mostly cloudy. Scattered showers and
thunderstorms in the evening. Lows around 70. Chance of rain
30 percent.
.TUESDAY...Mostly sunny. Highs in the mid 90s.
$$
TXZ421-032230-
Salt Basin-
Including the cities of Cornudas, Dell City, and Salt Flat
407 AM MDT Wed Aug 3 2022
.TODAY...Sunny. Scattered showers and thunderstorms this
afternoon. Highs in the upper 90s. West winds 5 to 10 mph. Chance
of rain 40 percent.
.TONIGHT...Partly cloudy. Scattered showers and thunderstorms,
mainly in the evening. Lows in the lower 70s. Northwest winds
5 to 10 mph. Chance of rain 40 percent.
.THURSDAY...Mostly sunny. Highs in the upper 90s. Northeast winds
10 to 15 mph.
.THURSDAY NIGHT...Partly cloudy in the evening, then becoming
mostly cloudy. Lows in the lower 70s. East winds 15 to 20 mph.
.FRIDAY...Mostly sunny. Highs in the mid 90s. East winds 5 to
10 mph, increasing to 15 to 20 mph with gusts up to 30 mph in the
afternoon.
.FRIDAY NIGHT THROUGH TUESDAY...Partly cloudy. Lows around 70.
Highs in the mid 90s.
$$
TXZ422-032230-
Southern Hudspeth Highlands-
Including the city of Sierra Blanca
407 AM MDT Wed Aug 3 2022
.TODAY...Sunny. Scattered showers and thunderstorms this
afternoon. Highs in the mid 90s. West winds 5 to 10 mph. Chance
of rain 40 percent.
.TONIGHT...Partly cloudy. Scattered showers and thunderstorms in
the evening. Lows in the lower 70s. East winds 5 to 10 mph,
becoming northwest after midnight. Chance of rain 40 percent.
.THURSDAY...Mostly sunny. Scattered showers and thunderstorms in
the afternoon. Highs in the mid 90s. Northeast winds 10 to
15 mph. Chance of rain 30 percent.
.THURSDAY NIGHT...Partly cloudy. Scattered showers and
thunderstorms in the evening. Lows in the lower 70s. East winds
10 to 15 mph with gusts up to 25 mph. Chance of rain 40 percent.
.FRIDAY...Mostly sunny. Highs in the lower 90s. East winds 10 to
15 mph.
.FRIDAY NIGHT THROUGH TUESDAY...Partly cloudy. Lows around 70.
Highs around 90.
$$
TXZ424-032230-
Rio Grande Valley of Eastern Hudspeth County-
Including the city of Indian Hot Springs
407 AM MDT Wed Aug 3 2022
.TODAY...Sunny. Scattered showers and thunderstorms this
afternoon. Hot with highs around 101. West winds 5 to 10 mph.
Chance of rain 40 percent.
.TONIGHT...Partly cloudy. Scattered showers and thunderstorms in
the evening. Lows in the mid 70s. Northeast winds 5 to 10 mph,
becoming northwest after midnight. Chance of rain 40 percent.
.THURSDAY...Mostly sunny. Scattered showers and thunderstorms in
the afternoon. Highs in the upper 90s. North winds around 5 mph,
becoming east 10 to 15 mph in the afternoon. Chance of rain
30 percent.
.THURSDAY NIGHT...Partly cloudy with scattered showers and
thunderstorms in the evening, then mostly cloudy after midnight.
Lows in the mid 70s. East winds 10 to 15 mph. Chance of rain
40 percent.
.FRIDAY...Partly sunny. Highs in the upper 90s. Southeast winds
10 to 15 mph.
.FRIDAY NIGHT THROUGH TUESDAY...Partly cloudy. Lows in the lower
70s. Highs in the mid 90s.
$$
_____
Copyright 2022 AccuWeather | https://www.sheltonherald.com/weather/article/TX-El-Paso-Tx-Santa-Teresa-NM-Zone-Forecast-17347691.php | 2022-08-03T11:19:58Z | https://www.sheltonherald.com/weather/article/TX-El-Paso-Tx-Santa-Teresa-NM-Zone-Forecast-17347691.php | true |
SANTA FE, N.M., Aug. 3, 2022 /PRNewswire/ --
WHAT:
Objects of Art & American Indian/Tribal Santa Fe 2022 is a one-of-a-kind art prism of peoples, times and places with a special focus this year on spectacular contemporary and indigenous art. Visitors will discover two art installations including one from Jason Baerg hot off his enormous success at Art Toronto, a special exhibition, and a featured gallery presentation.
Akoota ooshchi ka tapihk / Viewpoint
Jason Baerg is a Cree-Métis curator, educator, and visual artist. He pushes new boundaries in digital interventions in drawing, painting and new media installation. Fazakas Gallery will display Baerg's laser cut painting (ladder) installation series, alongside a new series of print works. Baerg uses unique ways in emergent 2D, 3D, interactive, immersive and fabrication technologies to envision Indigenous futurities through expansive visual forms and immersive optical experience.
Multidisciplinary Cree-Metis sensation Jason Baerg art installation presented by Fazakas Gallery
Shake Rattle & Roll
"Rattles are spiritually sacred instruments used by the majority of North American Indians. Rattles are used in religious ceremonies, rituals, feasts, and healing ceremonies as well as social dances and gatherings. Rattles are used as a form of communications, through prayer and ritual, with the spirits. The rattles that I make are an extension of this tradition intended to reflect the use of 21st century materials in making contemporary rattles from modern sources."
Richard Glazer Danay—highly-regarded multimedia artist--art installation presented by Trotta-Bono Contemporary
Looking Forward Through The Past: Contemporary Native American Art
Native artists today are rooted in tradition but create dynamic cross-cultural dialogues examining our past and reinterpreting our shared future. This exhibition connects early transitional artists such as Stephen Mopope and Pop Chalee to formative artists of the 20th century such as Fritz Scholder and George Morrison with important artists of today such as Jaune Quick-to-See Smith and Tony Abeyta. Through these diverse voices, we witness a continuing narrative of ancestral knowledge and cutting-edge progress.
Trotta-Bono Contemporary presents a special exhibition of these integral figures of the 20th and 21st Century
Solo Exhibition by Rande Cook
Rande Cook is a multimedia artist born in culture-rich Alert Bay. With the strong teachings from his grandparents about culture and the sacred ceremonies of Potlatch, Cook became an accomplished singer and dancer and learned the values of life and culture that prepared him to be a strong leader. He carries two chieftainships: the Hamatam/Seagull, and the Gigalgam, both from the ancient ancestor Kwanusila/Thunderbird.
Fazakas Gallery features Rande Cook
WHEN:
August 11-14
Opening Celebration & Benefit For SWAIA/Indian Market
Thursday, August 11 | 6:00 – 9:00 p.m.
Show Dates & TimesFriday, Saturday & Sunday, August 12, 13 & 14 11:00 a.m. – 5:00 p.m.
WHERE:
El Museo Cultural de Santa Fe, New Mexico555 Camino de La Familia / Santa Fe Railyard
PHOTOS:
Striking new 2022 show images & logos are here.
ONLINE:
www.objectsofartshows.com
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SOURCE Objects of Art Shows
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/2022/08/03/contemporary-art-installations-special-exhibition-amp-featured-gallery-presentation/ | 2022-08-03T11:23:43Z | https://www.valleynewslive.com/prnewswire/2022/08/03/contemporary-art-installations-special-exhibition-amp-featured-gallery-presentation/ | false |
Erik ten Hag says it was "unacceptable" for Cristiano Ronaldo and other Manchester United players to leave Old Trafford before the end of Sunday's friendly against Rayo Vallecano.
After taking a strong team to Oslo to face Atletico Madrid on Saturday, the Red Devils wrapped up the pre-season preparations against another Spanish side the following day.
United drew 1-1 with Rayo at Old Trafford as star man Ronaldo made his first appearance of pre-season, playing the first 45 minutes.
The 37-year-old missed the pre-season tour of Thailand and Australia due to a family issue, and the wantaway forward was pictured with Diogo Dalot leaving Sunday's game before full-time.
Ten Hag did not speak to the media after the match but has now laid bare his annoyance to broadcaster Viaplay.
"There were many more (as well as Ronaldo) who went home," the United boss said.
Asked if he condoned it, Ten Hag said: "Certainly not, this is unacceptable for everyone. I tell them that it's unacceptable, that we are a team, a squad and that you should stay until the end."
Ten Hag will take charge of his first competitive match as United manager on Sunday when Brighton arrive at Old Trafford in the Premier League. | https://www.perthnow.com.au/sport/soccer/ronaldos-early-exit-irks-coach-ten-hag-c-7749410 | 2022-08-03T11:24:20Z | https://www.perthnow.com.au/sport/soccer/ronaldos-early-exit-irks-coach-ten-hag-c-7749410 | false |
Nancy Pelosi leaves Taiwan, says U.S. will not abandon the island as China protests
TAIPEI August 03, 2022 16:38 ISTNancy Pelosi is the first U.S. speaker to visit Taiwan in 25 years
U.S. House Speaker Nancy Pelosi left Taiwan after a visit that heightened tensions with China, saying Wednesday that she and other members of Congress in her delegation showed they will not abandon their commitment to the self-governing island.
Ms. Pelosi, the first U.S. speaker to visit the island in more than 25 years, courted Beijing's wrath with the visit and set off more than a week of debate over whether it was a good idea after news of it leaked. In Taipei, she remained calm but defiant.
“Today the world faces a choice between democracy and autocracy,” she said in a short speech during a meeting with Taiwanese President Tsai Ing-wen. “America’s determination to preserve democracy, here in Taiwan and around the world, remains ironclad.”
China, which claims Taiwan as its territory and opposes any engagement by Taiwanese officials with foreign governments, announced multiple military exercises around the island, parts of which will enter Taiwanese waters, and issued a series of harsh statements after the delegation touched down Tuesday night in the Taiwanese capital, Taipei.
Taiwan decried the planned actions, saying they violated the island's sovereignty.
“Such an act equals to sealing off Taiwan by air and sea, such an act covers our country’s territory and territorial waters, and severely violates our country’s territorial sovereignty,” Capt. Jian-chang Yu said at a briefing by the National Defense Ministry.
The Chinese military exercises, including live fire, are to start Thursday and be the largest aimed at Taiwan since 1995 when China fired missiles in a large-scale exercise to show its displeasure at a visit by then-Taiwanese President Lee Teng-hui to the U.S.
Taiwanese President Tsai responded firmly Wednesday to Beijing’s military intimidation.
“Facing deliberately heightened military threats, Taiwan will not back down,” Ms. Tsai said at her meeting with Ms. Pelosi. “We will firmly uphold our nation’s sovereignty and continue to hold the line of defense for democracy.”
China's official Xinhua News Agency announced the military actions Tuesday night, along with a map outlining six different areas around Taiwan. Arthur Zhin-Sheng Wang, a defence studies expert at Taiwan’s Central Police University, said three of the areas infringe on Taiwanese waters, meaning they are within 12 nautical miles (22 kilometers) of shore.
Using live fire in a country's territorial airspace or waters is risky, said Mr. Wang, adding that "according to international rules of engagement, this can possibly be seen as an act of war."
Ms. Pelosi's trip has heightened U.S.-China tensions more than visits by other members of Congress because of her high-level position as leader of the House of Representatives. She is the first speaker of the House to visit Taiwan in 25 years since Newt Gingrich in 1997. However, other members of Congress have visited Taiwan in the past year.
Ms. Tsai, thanking Pelosi for her decades of support for Taiwan, presented the speaker with a civilian honor, the Order of the Propitious Clouds.
China's response has been loud and has come on multiple fronts: diplomatic, economic and military.
Shortly after Ms. Pelosi landed Tuesday night, China announced live-fire drills that reportedly started that night, as well as the four-day exercises starting Thursday.
The People's Liberation Army Air Force also flew a contingent of 21 warplanes Tuesday night, including fighter jets, toward Taiwan. Chinese Vice Foreign Minister Xie Feng also summoned the U.S. ambassador in Beijing, Nicholas Burns, to convey the country's protests the same night.
On Wednesday, China also banned some imports from Taiwan, including citrus fruit and fish.
Chinese state broadcaster CCTV published images of PLA drills and video Wednesday, although it was unclear where they were being conducted.
Ms. Pelosi addressed Beijing’s threats Wednesday morning, saying she hopes it’s clear that while China has prevented Taiwan from attending certain international meetings, "they understand they will not stand in the way of people coming to Taiwan as a show of friendship and of support.”
She noted that support for Taiwan is bipartisan in Congress and praised the island’s democracy. She stopped short of saying that the U.S would defend Taiwan militarily, emphasizing that Congress is “committed to the security of Taiwan, in order to have Taiwan be able to most effectively defend themselves.”
Her focus has always been the same, she said, going back to her 1991 visit to Beijing's Tiananmen Square, when she and other lawmakers unfurled a small banner supporting democracy two years after a bloody military crackdown on protesters at the square. That visit was also about human rights and what she called dangerous technology transfers to “rogue countries.”
Ms. Pelosi visited a human rights museum in Taipei that details the history of the island's martial law era and met with some of Taiwan's most prominent rights activists, including an exiled former Hong Kong bookseller who was detained by Chinese authorities, Lam Wing-kee.
Ms. Pelosi, who is leading the trip with five other members of Congress, also met with representatives from Taiwan’s legislature.
“Madam Speaker’s visit to Taiwan with the delegation, without fear, is the strongest defence of upholding human rights and consolidation of the values of democracy and freedom,” Tsai Chi-chang, vice president of Taiwan’s legislature, said in welcome.
The administration of U.S. President Joe Biden has sought to tone down the volume on the visit, insisting there’s no change in America’s longstanding “one-China policy,” which recognizes Beijing but allows informal relations and defense ties with Taipei.
Ms. Pelosi said her delegation has “heft," including Gregory Meeks, chair of the House Foreign Affairs Committee, and Raja Krishnamoorthi from the House Intelligence Committee. Reps. Andy Kim and Mark Takano are also in the delegation.
She also mentioned Rep. Suzan DelBene, whom Pelosi said was instrumental in the passage of a $280 billion bill aimed at boosting American manufacturing and research in semiconductor chips — an industry that Taiwan dominates and is vital for modern electronics.
She departed Wednesday evening for South Korea, the next stop on an Asia tour that also included Singapore, Malaysia and Japan. | https://www.thehindu.com/news/international/pelosi-leaves-taiwan-after-visit-says-us-will-not-abandon-the-island-as-china-protests/article65720835.ece/amp/ | 2022-08-03T11:26:09Z | https://www.thehindu.com/news/international/pelosi-leaves-taiwan-after-visit-says-us-will-not-abandon-the-island-as-china-protests/article65720835.ece/amp/ | true |
DUBLIN (AP) _ Amarin Corp. PLC (AMRN) on Wednesday reported a second-quarter loss of $70 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Dublin-based company said it had a loss of 18 cents.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The biopharmaceutical company posted revenue of $94.4 million in the period, topping Street forecasts. Six analysts surveyed by Zacks expected $88.5 million.
The company's shares closed at $1.33. A year ago, they were trading at $4.22.
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DUBLIN, Aug. 3, 2022 /PRNewswire/ -- Mallinckrodt plc (OTCMKTS: MNKPF), a global specialty pharmaceutical company, announced today that it will report second quarter 2022 earnings results for the period ended July 1, 2022, on Thursday, August. 11, 2022.
A conference call for investors will begin at 8:30 a.m. ET. The call can be accessed as follows:
- Directly via the webcast link (live and replay):
https://edge.media-server.com/mmc/p/jzbp7d5r - At the Mallinckrodt website: http://www.mallinckrodt.com/investors
Mallinckrodt is a global business consisting of multiple wholly owned subsidiaries that develop, manufacture, market and distribute specialty pharmaceutical products and therapies. The company's Specialty Brands reportable segment's areas of focus include autoimmune and rare diseases in specialty areas like neurology, rheumatology, nephrology, pulmonology and ophthalmology; immunotherapy and neonatal respiratory critical care therapies; analgesics; cultured skin substitutes and gastrointestinal products. Its Specialty Generics reportable segment includes specialty generic drugs and active pharmaceutical ingredients. To learn more about Mallinckrodt, visit www.mallinckrodt.com.
Mallinckrodt uses its website as a channel of distribution of important company information, such as press releases, investor presentations and other financial information. It also uses its website to expedite public access to time-critical information regarding the company in advance of or in lieu of distributing a press release or a filing with the U.S. Securities and Exchange Commission disclosing the same information. Therefore, investors should look to the Investor Relations page of the website for important and time-critical information. Visitors to the website can also register to receive automatic e-mail and other notifications alerting them when new information is made available on the Investor Relations page of the website.
CONTACTS
Investor Relations
Daniel Speciale
Global Corporate Controller & Chief Investor Relations Officer
314-654-3638
daniel.speciale@mnk.com
Derek Belz
Vice President, Investor Relations
314-654-3950
derek.belz@mnk.com
Media
Michael Freitag / Aaron Palash / Aura Reinhard
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
Mallinckrodt, the "M" brand mark and the Mallinckrodt Pharmaceuticals logo are trademarks of a Mallinckrodt company. © 2022 Mallinckrodt.
US-2200293 08/22
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HOUSTON (AP) _ Now Inc. (DNOW) on Wednesday reported second-quarter net income of $26 million, after reporting a loss in the same period a year earlier.
The Houston-based company said it had profit of 23 cents per share. Earnings, adjusted for non-recurring costs, were 26 cents per share.
The energy and industrial distribution company posted revenue of $539 million 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 DNOW at https://www.zacks.com/ap/DNOW | https://www.seattlepi.com/business/article/Now-Q2-Earnings-Snapshot-17347750.php | 2022-08-03T11:33:30Z | https://www.seattlepi.com/business/article/Now-Q2-Earnings-Snapshot-17347750.php | false |
CAMBRIDGE, Mass., Aug. 3, 2022 /PRNewswire/ -- Nuvalent, Inc. (Nasdaq: NUVL), a clinical-stage biopharmaceutical company focused on creating precisely targeted therapies for clinically proven kinase targets in cancer, today announced that James Porter, Ph.D., Chief Executive Officer, will present at the Canaccord Genuity 42nd Annual Growth Conference on Wednesday, August 10, 2022, at 4:00 p.m. ET in Boston.
A live webcast will be available in the Investors section of the company's website at www.nuvalent.com, and archived for 30 days following the presentation.
Nuvalent, Inc. (Nasdaq: NUVL) is a clinical-stage biopharmaceutical company focused on creating precisely targeted therapies for patients with cancer, designed to overcome the limitations of existing therapies for clinically proven kinase targets. Leveraging deep expertise in chemistry and structure-based drug design, we develop innovative small molecules that have the potential to overcome resistance, minimize adverse events, address brain metastases, and drive more durable responses. Nuvalent is advancing a robust pipeline with parallel lead programs in ROS1-positive and ALK-positive non-small cell lung cancer (NSCLC), along with multiple discovery-stage research programs. We routinely post information that may be important to investors on our website at www.nuvalent.com. Follow us on Twitter (@nuvalent) and LinkedIn.
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Regeneron's press release reporting its second quarter 2022 results is also available on its media and investor relations website (http://newsroom.regeneron.com)
- Second quarter 2022 revenues decreased 44% to $2.86 billion versus second quarter 2021; excluding REGEN-COV®(a)(b), revenues increased 20%
- Second quarter 2022 EYLEA® U.S. net sales increased 14% versus second quarter 2021 to a record $1.62 billion
- Second quarter 2022 Dupixent® global net sales(c)(recorded by Sanofi) increased 40% to $2.09 billion versus second quarter 2021
- Second quarter 2022 GAAP diluted EPS of $7.47; non-GAAP diluted EPS(a) of $9.77 including unfavorable $1.71 impact from acquired IPR&D charges
- FDA approved Dupixent for atopic dermatitis in children aged 6 months to 5 years and eosinophilic esophagitis in adults and adolescents; FDA priority review granted for prurigo nodularis
- Encouraging preliminary anti-tumor activity observed for novel investigational PSMAxCD28 costimulatory bispecific antibody in combination with Libtayo® in advanced metastatic castration-resistant prostate cancer
- Strengthened commitment to oncology through purchase of Sanofi's stake in Libtayo and acquisition of Checkmate Pharmaceuticals
TARRYTOWN, N.Y., Aug. 3, 2022 /PRNewswire/ -- Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) today announced financial results for the second quarter of 2022 and provided a business update.
"The second quarter of 2022 was distinguished by record net product sales of EYLEA, Dupixent, and Libtayo, as well as multiple regulatory achievements for Dupixent, including U.S. approvals for atopic dermatitis among very young patients and for eosinophilic esophagitis in adults and adolescents, as well as European approval for pediatric asthma," said Leonard S. Schleifer, M.D., Ph.D., President and Chief Executive Officer of Regeneron. "In addition, we have continued to strengthen our oncology franchise, including through the purchase of worldwide rights to Libtayo as well as encouraging but preliminary anti-tumor activity observed at higher doses of our novel PSMAxCD28 costimulatory bispecific in combination with Libtayo for advanced metastatic castration-resistant prostate cancer."
Financial Highlights
"We are pleased with our second quarter 2022 financial performance, including 20% revenue growth when excluding contributions from REGEN-COV. This demonstrates the continued strength of our core business," said Robert E. Landry, Executive Vice President, Finance and Chief Financial Officer of Regeneron. "Additionally, we updated our full-year 2022 financial guidance primarily to reflect the recently completed acquisition of Libtayo global rights from Sanofi, a transaction that we believe will deliver significant shareholder value over time. In the second half of 2022, we look forward to advancing our pipeline with important clinical data readouts in oncology and ophthalmology as well as continued commercial execution and prudent capital allocation to drive value creation for shareholders."
Business Highlights
Key Pipeline Progress
Regeneron has approximately 35 product candidates in clinical development, including a number of marketed products for which it is investigating additional indications. Updates from the clinical pipeline include:
Dupixent® (dupilumab)
- In June 2022, the U.S. Food and Drug Administration (FDA) approved Dupixent as the first biologic medicine for children aged 6 months to 5 years with moderate-to-severe atopic dermatitis.
- In May 2022, the FDA approved Dupixent for adults and adolescents aged 12 years and older with eosinophilic esophagitis (EoE).
- In April 2022, the European Commission (EC) approved Dupixent for the treatment of severe asthma in children aged 6 to 11 years.
- The Company and Sanofi announced positive results from a Phase 3 trial in children aged 1 to 11 years with EoE. The trial met its primary endpoint of histological disease remission at 16 weeks with both higher and lower dose weight-tiered regimens.
- The FDA accepted for priority review the supplemental Biologics License Application (sBLA) for Dupixent for adults with prurigo nodularis, with a target action date of September 30, 2022. Regulatory applications have also been submitted in the European Union (EU) and Japan.
EYLEA® (aflibercept) Injection
- The FDA accepted for review the sBLA for EYLEA for an every-16-weeks dosing regimen in patients with diabetic retinopathy (DR), with a target action date of February 28, 2023.
REGN5678, a PSMAxCD28 costimulatory bispecific antibody
- Reported preliminary, first-in-human data in combination with Libtayo® in patients with advanced metastatic castration-resistant prostate cancer.
Antibodies to SARS-CoV-2 virus
- The Company is continuing to progress investigational "next generation" antibodies that are active against multiple variants including those of Omicron-lineage.
REGN5381, an agonist antibody to NPR1
- A Phase 2 study in heart failure was initiated.
Corporate and Business Development Updates
- In May 2022, the Company completed its acquisition of Checkmate Pharmaceuticals, Inc. for a total equity value of approximately $250 million. In connection with the acquisition, the Company obtained the rights to vidutolimod (immune activator targeting TLR9), which is in clinical development for oncology.
- Effective July 1, 2022, the Company obtained the exclusive right to develop, commercialize, and manufacture Libtayo worldwide under an Amended and Restated Immuno-oncology License and Collaboration Agreement with Sanofi. Under the terms of the agreement, the Company made a $900 million up-front payment, and Sanofi is eligible to receive a $100 million regulatory milestone and up to an aggregate of $100 million in sales-based milestones upon achieving certain amounts of worldwide net product sales of Libtayo through 2023. The Company will also pay Sanofi a royalty on net product sales of Libtayo.
- Also effective July 1, 2022, the Company will increase from 10% to 20% the share of its profits that are paid to Sanofi in connection with the development balance reimbursement under the antibody collaboration.
Second Quarter 2022 Financial Results
Revenues
Total revenues decreased by 44% to $2.857 billion in the second quarter of 2022, compared to $5.139 billion in the second quarter of 2021. Total revenues excluding REGEN-COV and Ronapreve(b) revenues for both periods increased by 20% to $2.849 billion in the second quarter of 2022, compared to the second quarter of 2021(a). There have been no sales of REGEN-COV in the United States during 2022 as the Company had completed its final deliveries of drug product under its agreements with the U.S. government as of December 31, 2021.
Sanofi collaboration revenue increased by 55% to $678 million in the second quarter of 2022, compared to the second quarter of 2021. This increase was primarily due to the Company's share of profits from commercialization of antibodies, which were $497 million in the second quarter of 2022, compared to $328 million in the second quarter of 2021. The change in the Company's share of profits from commercialization of antibodies was driven by higher Dupixent profits. Roche collaboration revenue decreased in the second quarter of 2022, compared to the second quarter of 2021, due to lower sales of Ronapreve.
Refer to Table 4 for a summary of collaboration revenue.
Operating Expenses
- GAAP and non-GAAP R&D expenses increased in the second quarter of 2022, compared to the second quarter of 2021, primarily due to higher headcount and headcount-related costs and an increase in clinical manufacturing activities, partly offset by lower costs incurred in connection with REGEN-COV development activities.
- Acquired IPR&D in the second quarter of 2022 included a $195 million charge related to the Company's acquisition of Checkmate Pharmaceuticals.
- The increase in GAAP and non-GAAP SG&A expenses in the second quarter of 2022, compared to the second quarter of 2021, was primarily due to higher headcount and headcount-related costs and an increase in commercialization-related expenses for EYLEA, partly offset by costs in 2021 for educational campaigns related to COVID-19 that did not recur in 2022.
- GAAP and non-GAAP COGS decreased in the second quarter of 2022, compared to the second quarter of 2021, primarily due to the Company not recognizing any REGEN-COV net product sales in the United States during 2022.
Other Financial Information
GAAP other income (expense) included the recognition of net unrealized losses on equity securities of $164 million in the second quarter of 2022, compared to $409 million of net unrealized gains in the second quarter of 2021.
In the second quarter of 2022, the Company's GAAP effective tax rate (ETR) was 11.5%, compared to 17.4% in the second quarter of 2021. The decrease in the GAAP ETR was primarily driven by the proportion of income earned in foreign jurisdictions with tax rates lower than the U.S. federal statutory rate, the impact of income earned in the United States during 2021 related to REGEN-COV, and, to a lesser extent, stock-based compensation. In the second quarter of 2022, the non-GAAP ETR was 13.6%, compared to 17.0% in the second quarter of 2021.
GAAP net income per diluted share was $7.47 in the second quarter of 2022, compared to $27.97 in the second quarter of 2021. Non-GAAP net income per diluted share was $9.77 in the second quarter of 2022, compared to $25.80 in the second quarter of 2021. A reconciliation of the Company's GAAP to non-GAAP results is included in Table 3 of this press release.
During the second quarter of 2022, the Company repurchased shares of common stock under its share repurchase program, and recorded the cost of the shares received, or $394 million, as Treasury Stock. As of June 30, 2022, $2.099 billion remained available for share repurchases under the program.
2022 Financial Guidance(d)
The Company's full year 2022 financial guidance consists of the following components (inclusive of updates made in connection with the Company's purchase of Sanofi's stake in Libtayo and acquisition of Checkmate Pharmaceuticals):
A reconciliation of full year 2022 GAAP to non-GAAP financial guidance is included below:
Conference Call Information
Regeneron will host a conference call and simultaneous webcast to discuss its second quarter 2022 financial and operating results on Wednesday, August 3, 2022, at 8:30 AM Eastern Time. Participants may access the conference call live via webcast, or register in advance and participate via telephone, on the "Investors and Media" page of Regeneron's website at http://www.regeneron.com. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique passcode and registrant ID that can be used to access the call. A replay of the conference call and webcast will be archived on the Company's website for at least 30 days.
About Regeneron Pharmaceuticals, Inc.
Regeneron is a leading biotechnology company that invents, develops, and commercializes life-transforming medicines for people with serious diseases. Founded and led for nearly 35 years by physician-scientists, Regeneron's unique ability to repeatedly and consistently translate science into medicine has led to numerous FDA-approved treatments and product candidates in development, almost all of which were homegrown in Regeneron's laboratories. Regeneron's medicines and pipeline are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, pain, hematologic conditions, infectious diseases, and rare diseases.
Regeneron is accelerating and improving the traditional drug development process through its proprietary VelociSuite® technologies, such as VelocImmune®, which uses unique genetically-humanized mice to produce optimized fully-human antibodies and bispecific antibodies, and through ambitious research initiatives such as the Regeneron Genetics Center®, which is conducting one of the largest genetics sequencing efforts in the world.
For additional information about Regeneron, please visit http://www.regeneron.com or follow @Regeneron on Twitter.
Forward-Looking Statements and Use of Digital Media
This press release includes forward-looking statements that involve risks and uncertainties relating to future events and the future performance of Regeneron Pharmaceuticals, Inc. ("Regeneron" or the "Company"), and actual events or results may differ materially from these forward-looking statements. Words such as "anticipate," "expect," "intend," "plan," "believe," "seek," "estimate," variations of such words, and similar expressions are intended to identify such forward-looking statements, although not all forward-looking statements contain these identifying words. These statements concern, and these risks and uncertainties include, among others, the impact of SARS-CoV-2 (the virus that has caused the COVID-19 pandemic) on Regeneron's business and its employees, collaborators, and suppliers and other third parties on which Regeneron relies, Regeneron's and its collaborators' ability to continue to conduct research and clinical programs, Regeneron's ability to manage its supply chain, net product sales of products marketed or otherwise commercialized by Regeneron and/or its collaborators or licensees (collectively, "Regeneron's Products"), and the global economy; the nature, timing, and possible success and therapeutic applications of Regeneron's Products and product candidates being developed by Regeneron and/or its collaborators or licensees (collectively, "Regeneron's Product Candidates") and research and clinical programs now underway or planned, including without limitation EYLEA® (aflibercept) Injection, Dupixent® (dupilumab), Libtayo® (cemiplimab), Praluent® (alirocumab), Kevzara® (sarilumab), Evkeeza® (evinacumab), fasinumab, REGEN-COV® (casirivimab and imdevimab), aflibercept 8 mg, pozelimab, odronextamab, itepekimab, fianlimab, REGN5458, REGN5713-5714-5715, REGN1908-1909, Regeneron's other oncology programs (including its costimulatory bispecific portfolio), Regeneron's and its collaborators' earlier-stage programs, and the use of human genetics in Regeneron's research programs; the likelihood and timing of achieving any of the anticipated milestones described in this press release; safety issues resulting from the administration of Regeneron's Products and Regeneron's Product Candidates in patients, including serious complications or side effects in connection with the use of Regeneron's Products and Regeneron's Product Candidates in clinical trials; the likelihood, timing, and scope of possible regulatory approval and commercial launch of Regeneron's Product Candidates and new indications for Regeneron's Products, including those listed above and/or otherwise discussed in this press release; the extent to which the results from the research and development programs conducted by Regeneron and/or its collaborators may be replicated in other studies and/or lead to advancement of product candidates to clinical trials, therapeutic applications, or regulatory approval; ongoing regulatory obligations and oversight impacting Regeneron's Products, research and clinical programs, and business, including those relating to patient privacy; determinations by regulatory and administrative governmental authorities which may delay or restrict Regeneron's ability to continue to develop or commercialize Regeneron's Products and Regeneron's Product Candidates; competing drugs and product candidates that may be superior to, or more cost effective than, Regeneron's Products and Regeneron's Product Candidates; uncertainty of the utilization, market acceptance, and commercial success of Regeneron's Products and Regeneron's Product Candidates and the impact of studies (whether conducted by Regeneron or others and whether mandated or voluntary) or recommendations and guidelines from governmental authorities and other third parties on the commercial success of Regeneron's Products and Regeneron's Product Candidates; the ability of Regeneron to manufacture and manage supply chains for multiple products and product candidates; the ability of Regeneron's collaborators, suppliers, or other third parties (as applicable) to perform manufacturing, filling, finishing, packaging, labeling, distribution, and other steps related to Regeneron's Products and Regeneron's Product Candidates; the availability and extent of reimbursement of Regeneron's Products from third-party payers, including private payer healthcare and insurance programs, health maintenance organizations, pharmacy benefit management companies, and government programs such as Medicare and Medicaid; coverage and reimbursement determinations by such payers and new policies and procedures adopted by such payers; unanticipated expenses; the costs of developing, producing, and selling products; the ability of Regeneron to meet any of its financial projections or guidance and changes to the assumptions underlying those projections or guidance, including GAAP and non-GAAP R&D, GAAP and non-GAAP SG&A, GAAP and non-GAAP gross margin on net product sales, COCM, other operating (income) expense, net, capital expenditures, and GAAP and non-GAAP ETR; the potential for any license or collaboration agreement, including Regeneron's agreements with Sanofi, Bayer, and Teva Pharmaceutical Industries Ltd. (or their respective affiliated companies, as applicable), to be cancelled or terminated; and risks associated with intellectual property of other parties and pending or future litigation relating thereto (including without limitation the patent litigation and other related proceedings relating to EYLEA, Dupixent, Praluent, and REGEN-COV), other litigation and other proceedings and government investigations relating to the Company and/or its operations (including the pending civil litigation initiated by the U.S. Attorney's Office for the District of Massachusetts), the ultimate outcome of any such proceedings and investigations, and the impact any of the foregoing may have on Regeneron's business, prospects, operating results, and financial condition. A more complete description of these and other material risks can be found in Regeneron's filings with the U.S. Securities and Exchange Commission, including its Form 10-K for the fiscal year ended December 31, 2021 and its Form 10-Q for the quarterly period ended June 30, 2022. Any forward-looking statements are made based on management's current beliefs and judgment, and the reader is cautioned not to rely on any forward-looking statements made by Regeneron. Regeneron does not undertake any obligation to update (publicly or otherwise) any forward-looking statement, including without limitation any financial projection or guidance, whether as a result of new information, future events, or otherwise.
Regeneron uses its media and investor relations website and social media outlets to publish important information about the Company, including information that may be deemed material to investors. Financial and other information about Regeneron is routinely posted and is accessible on Regeneron's media and investor relations website (http://newsroom.regeneron.com) and its Twitter feed (http://twitter.com/regeneron).
Non-GAAP Financial Measures
This press release and/or the financial results attached to this press release include amounts that are considered "non-GAAP financial measures" under SEC rules. As required, Regeneron has provided reconciliations of such non-GAAP financial measures.
SOURCE Regeneron Pharmaceuticals, Inc. | https://www.wkyt.com/prnewswire/2022/08/03/regeneron-reports-second-quarter-2022-financial-operating-results/ | 2022-08-03T11:34:23Z | https://www.wkyt.com/prnewswire/2022/08/03/regeneron-reports-second-quarter-2022-financial-operating-results/ | true |
Greece: 29 people picked up from boat in distress
ATHENS, Greece (AP) - Greece´s coast guard says more than two dozen people have been picked up from a sailboat in distress far off the southwestern coast of the Greek mainland and have been transported to the southern city of Kalamata.
The coast guard said on Wednesday that its search and rescue center was notified Monday night about a boat in trouble with 29 people on board, 84 nautical miles (about 96 miles, 155 kilometers) southwest of the town of Pilos, in Greece´s southern Peloponnese region.
The passengers - 10 men, one woman and 18 minors from Afghanistan, Iran and Bangladesh - were picked up by a Norwegian-flagged research vessel, and were eventually transported to Kalamata, the coast guard said. Two of those on board, both men from Iran, were arrested on suspicion of having acted as smugglers. Greek authorities will arrest anyone found piloting a boat carrying migrants and charge them as smugglers.
The boat had set sail from the Turkish coast, somewhere near the city of Izmir, and was likely heading to Italy, the coast guard said.
The more common sea route for asylum-seekers from the Middle East and Africa has been from Turkey to the nearby Greek islands. But Greek authorities have faced repeated and persistent accusations of summarily deporting new arrivals back to Turkey without allowing them to apply for asylum, and many are now trying to skirt the Greek islands, taking the much longer route straight to Italy. Greek authorities deny they carry out illegal summary deportations of asylum-seekers. | https://www.dailymail.co.uk/wires/ap/article-11076791/Greece-29-people-picked-boat-distress.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-03T11:35:23Z | https://www.dailymail.co.uk/wires/ap/article-11076791/Greece-29-people-picked-boat-distress.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false |
Debt.com's research shows back-to-school spending seems unaffected by economic concerns.
FORT LAUDERDALE, Fla., Aug. 3, 2022 /PRNewswire/ -- The new Debt.com poll that shows 45 percent of parents are spending at least $200 per child this year – compared to only 29 percent in 2021. And 27 percent will spend more than $300 per child.
Debt.com's 2022 parent survey also reports that 8 in 10 said inflation will translate into higher spending. Debt.com President Don Silvestri says there are two reasons for that.
"While inflation means you'll spend more for the same back-to-school items you purchased last year, there's also a psychological component," Silvestri explains. "Consumers tend to actually buy more during inflationary periods – if they believe inflation will continue to climb. They figure they'll actually save money by stocking up on nonperishable goods."
Silvestri says Debt.com will conduct further research to see if parents are stocking up on back-to-school items for next year. Other results from the poll indicate parents aren't scared by the economy, but they are taking it into consideration.
Most parents are willing to shop for generic brands (59 percent) and reuse old supplies (56 percent). But they're less enthusiastic about cutting other household expenses to make room in their budget (28 percent).
- More parents expect to spend $50-100 more this year (47 percent) than in 2021 (24 percent). However, they're less likely to spend an additional $200 (7 percent vs. 30 percent).
- Like last year, parents are spending more on clothing (48 percent) than technology (20 percent) or traditional school supplies (31 percent).
"Like holiday shopping, back-to-school shopping is nearly impervious to what's going on around us – whether it's inflation, recession, or pandemic," Silvestri says. "Both happen once a year, and they're about our children. It's very hard for us to apply the same financial scrutiny we do in our normal lives, but it is still important to budget for back to school."
Debt.com's tips for smart back to school shopping:
- Buy when the time is right. The best time to shop is during your state's tax holiday or if your state doesn't have a tax holiday shop early in the season to take advantage of sales.
- Invest in second-hand items. A new school year doesn't have to mean new clothes and supplies. With class materials lists getting longer each year, you can save big by getting essentials second-hand.
- Leverage coupons and student discounts. Couponing is the age-old tip for saving money. You can find them on websites or by adding web extensions like Honey that automatically search for discount codes as you're online shopping. Coupons are especially useful when buying big-ticket items like computers, other electronics, and dorm furniture.
About: Debt.com is a resource that offers consumers education, self-help guides, professional solutions, and more. On Debt.com, consumers can find expert money advice– how to make it, how to save it, and how to spend it. They also assist consumers by matching them with the perfect debt-solution company for their situation and making sure they are happy with the results. Debt.com has been featured in the Washington Post, Yahoo! Finance, Forbes, and more, making them a pillar of the debt relief industry.
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SOURCE Debt.com | https://www.wagmtv.com/prnewswire/2022/08/03/parents-are-spending-more-back-to-school-shopping-than-last-year/ | 2022-08-03T11:35:38Z | https://www.wagmtv.com/prnewswire/2022/08/03/parents-are-spending-more-back-to-school-shopping-than-last-year/ | true |
SAO PAULO, Aug. 3, 2022 /PRNewswire/ -- AXENYA, a leading Latin-American digital health start-up company, and HealthCo, a premier data-intensive consulting firm and insurance broker, announce that they have reached an agreement to merge the companies into the leading corporate health-tech ecosystem in the Latin-American region.
The combined companies will serve over 35,000 lives and have the capacity to deliver value across the entire healthcare journey. The companies expect to more than double that number in the coming year. All founding and operating teams at HealthCo and Axenya will remain in the company and as shareholders of the new company, which will operate under the Axenya brand.
"The New Axenya marries the most advanced population data science with cutting edge, clinically proven, digital therapeutics", said Mariano García-Valiño, Founder of Axenya. "The combination creates an unbeatable ecosystem, where we can gather data to analyze large populations, identify care gaps and create perfectly targeted individual digital plans for each person, improving clinical metrics and reducing cost across the entire spectrum".
Axenya, that started operations in 2020, offers software and hardware products that expand the doctor's toolbox, allows them to help their patients achieve higher standards of health and make the overall practice of medicine more personalized and precise. The company is the first member of the Digital Therapeutic Alliance in Latin America and the only company in the region with clinical research published in peer-reviewed journals. HealthCo is one of the most advanced data-intensive healthcare brokers in the region and approaching 90 corporate clients. Their proprietary data analytics result in consistent savings for their client base.
The combination becomes a one stop shop to enable corporate clients to maximize quality and expense in all aspects of their healthcare needs: from population analytics, 24/7 monitoring and course correction, delivering individually selected next generation digital therapeutic tools and ultimately renegotiating fees with payors driven by the savings generated by its healthcare program. As a result, Axenya will deliver unparalleled clinical results, user satisfaction and cost savings.
"We now have a company that can deliver results like nobody else in the market", said Roberto Vianna, co-Founder of HealthCo. "Using a combination of software, technology, machine learning and behavioral and data science, Axenya can optimize the healthcare journey end-to-end, empowering companies and its employees with unbiased information, trusted guidance and high-value care, and delivering, at the same time, effective cost savings."
In combination with this merger, Axenya received a capital injection, led by IGAH ventures, and with participation of NXTP, Big_Bets, Alexia, Axenya's founder Mariano Garcia-Valiño and several individual investors and employees.
ABOUT AXENYA
Axenya is a health technology company that seeks to connect Latin America with the future of medicine. With its digitally enhanced corporate health ecosystem, it offers and manages the most suitable healthcare plans in a digital, efficient and transparent fashion, protecting the employee's health, end to end, through all the journey. Integrating cutting edge software, hardware, artificial intelligence, intensive data-analysis and behavioral sciences, Axenya improves the efficiency in delivering health services, as well as expands the companies' toolbox and makes medicine more personal and precise, offering what is effectively a new care standard. The company delivers excellent patient satisfaction, superior clinic results and lower costs, improving the quality per dollar spent by companies while allowing access to modern medicine to all employees and dependents. www.axenya.com
MEDIA AND INVESTOR ENQUIRIES
Mariano Garcia-Valiño / mariano@axenya.com
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SOURCE Axenya Holdings Inc. | https://www.mysuncoast.com/prnewswire/2022/08/03/axenya-merges-with-healthco-create-most-advanced-health-tech-ecosystem-region/ | 2022-08-03T11:36:14Z | https://www.mysuncoast.com/prnewswire/2022/08/03/axenya-merges-with-healthco-create-most-advanced-health-tech-ecosystem-region/ | true |
Wednesday will start in the mid 70s. It’ll be in the upper 80s by 10 AM. Then, 90° by Noon. It will generally stay sunny through the lunch hour, then clouds will billow and isolated thunderstorms will develop this afternoon. Little Rock will have a high temperature of 96° with a heat index up to 105°. A Heat Advisory will be in effect.
A front moving through Missouri today and tomorrow will bring us here in Arkansas a good chance of rain tomorrow. It may move into North Arkansas after Midnight and continue to move through the state during the day Thursday.
Be alerted as soon as severe weather coverage begins by downloading the Arkansas Storm Team app from the App Store or on Google Play. | https://www.kark.com/weather/weather-forecasts/arkansas-storm-team-forecast-hot-today-with-afternoon-isolated-thunderstorms/ | 2022-08-03T11:36:26Z | https://www.kark.com/weather/weather-forecasts/arkansas-storm-team-forecast-hot-today-with-afternoon-isolated-thunderstorms/ | false |
Ukraine's Zelenskiy says first grain ship 'nothing', economy in coma
By Natalia Zinets and Umit Bektas
KYIV/ISTANBUL, Aug 3 (Reuters) - Ukrainian President Volodymr Zelenskiy dismissed the importance of the first grain export shipment from his country since Russia invaded, saying it was carrying a fraction of the crop Kyiv must sell to help salvage its shattered economy.
His downbeat comments, via video to students in Australia on Wednesday, came as an inspection of the ship was completed in Turkey before it continues to its final destination in Lebanon under a deal aimed at easing a global food crisis.
The ship, Razoni, departed from Ukraine's Odesa port on the Black Sea early on Monday carrying 26,527 tonnes of corn to Lebanon's Tripoli. It followed a U.N.-brokered grain and fertilizer export agreement between Moscow and Kyiv last month - a rare diplomatic breakthrough in a drawn-out war of attrition.
But Zelenskiy, speaking via an interpreter, said more time was needed to see whether other grain shipments would follow.
"Just recently, thanks to the UN in partnership with Turkey, we had a first ship with the delivery of grain, but it´s still nothing. But we hope it´s a tendency that will continue," he told the students.
He said Ukraine had to export a minimum 10 million tonnes of grain to urgently help bring down its budget deficit which was running at $5 billion a month.
A senior Turkish official said three ships could leave Ukrainian ports daily after the Razoni's departure, while Ukraine's infrastructure minister said 17 more ships had been loaded with agricultural produce and were waiting to set sail.
Known as Europe's breadbasket, Ukraine hopes to export 20 million tonnes of grain held in silos and 40 million tonnes from the harvest now underway, initially from Odesa and nearby Pivdennyi and Chornomorsk.
"The war...is almost killing the economy. It's in a coma," Zelenskiy added. "Russia's blocking of the ports is a great loss for the economy.
Zelenskiy has repeatedly warned that Moscow may try to obstruct exports despite signing up to last month's deal.
'DONBAS HELL'
Russia, which blockaded Ukraine's ports after beginning on Feb. 24 what it called "a special military operation," has said it wants to see more done to facilitate the exports of its own grain and fertilizers. But it has hailed the departure of the first grain ship from Ukraine as positive.
It has denied responsibility for the food crisis, saying sanctions by the West, which regards the war as an unprovoked imperial-style Russian land grab, have slowed its exports.
The exports from Ukraine, one of the world's top grain producers, are intended to ease price rises and shortages, with famine looming in some parts of the world.
Former German chancellor Gerhard Schroeder, a friend of Russian President Vladimir Putin, said the grain deal might offer a way forward out of conflict.
"The good news is that the Kremlin wants a negotiated solution," Schroeder told Stern weekly and broadcasters RTL/ntv on Wednesday, adding he had met Putin in Moscow last week.
"A first success is the grain deal, perhaps that can be slowly expanded to a ceasefire."
Ukraine's General Staff on Wednesday cataloged continued heavy Russian shelling of Kharkiv and other towns and villages in its vicinity, as well as air and missile strikes on civilian objects. Moscow denies deliberately targeting civilians, something which it accuses Kyiv of doing.
Russia's defense ministry said its missiles had destroyed a depot containing weapons supplied by Poland in Ukraine's Lviv region.
Reuters was not able to verify battlefield reports.
Zelenskiy, in a late night address on Tuesday, said that his forces could not yet overcome Russian advantages in heavy guns and manpower despite arms supplies from the West.
"This is very much felt in combat, especially in the Donbas ... It is just hell there. Words cannot describe it," he said.
Russia is battling to take full control of Donbas, the heavily industrialized part of eastern Ukraine.
It said on Tuesday at the United Nations that the conflict did not warrant Moscow's use of nuclear weapons, but that it could decide to use its nuclear arsenal in response to "direct aggression" by countries of the NATO military alliance.
(Reporting by Reuters bureaux; Writing by Andrew Osborn; Editing by Andrew Cawthorne) | https://www.dailymail.co.uk/wires/reuters/article-11076595/Ukraines-Zelenskiy-says-grain-ship-economy-coma.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-03T11:37:36Z | https://www.dailymail.co.uk/wires/reuters/article-11076595/Ukraines-Zelenskiy-says-grain-ship-economy-coma.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | true |
Regeneron quarterly profit slumps as COVID antibody sales dry up
Aug 3 (Reuters) - Regeneron Pharmaceuticals reported a 72.5% fall in quarterly profit on Wednesday, hurt by lacklustre sales of its COVID-19 antibody cocktail after the U.S. health regulator decided to limit its use earlier this year.
The company recorded no sales from the COVID-19 antibody in the United States for the second consecutive quarter.
Regeneron had warned of no U.S. sales from the drug in the first half of the year after the U.S. regulator banned it, with some exceptions, in all states due to its lack of effectiveness against the Omicron coronavirus variant.
Second-quarter revenue fell to $2.86 billion from $5.14 billion a year ago.
The drugmaker's net profit fell to $852 million, or $7.47 per share, in the second quarter ended June 30, compared with $3.1 billion, or $27.97 per share, a year earlier.
(Reporting by Mrinalika Roy in Bengaluru; Editing by Shinjini Ganguli) | https://www.dailymail.co.uk/wires/reuters/article-11076659/Regeneron-quarterly-profit-slumps-COVID-antibody-sales-dry-up.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-03T11:38:28Z | https://www.dailymail.co.uk/wires/reuters/article-11076659/Regeneron-quarterly-profit-slumps-COVID-antibody-sales-dry-up.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false |
First ship with Ukraine grain cleared to sail on to Lebanon
ISTANBUL (AP) — The first grain ship to depart Ukraine under a wartime deal was poised to cross through the Bosporus Strait and sail to Lebanon after its cargo was checked and approved Wednesday, Turkish and Ukrainian authorities said.
An inspection team spent about 90 minutes conducting checks aboard the Sierra Leone-flagged Razoni, which was carrying Ukrainian corn and anchored off Istanbul, Turkey’s defense ministry said.
The team included officials from Ukraine, Russia, Turkey and the United Nations. The Razoni’s horn rang out as the inspectors left the ship.
Pictures tweeted by the Turkish Ministry of Defense showed an inspector reaching into an open container on the Razoni and touching the grain.
The Razoni, which the United Nations says is carrying 26,527 tons of corn, set sail Monday from Odesa on Ukraine’s Black Sea coast. It is bound for Lebanon, its final destination.
Ukraine’s Ministry of Infrastructure confirmed the ship had passed the inspection and said 17 other vessels “are loaded and are awaiting permission to leave.”
Inspectors, some wearing white helmets, headed out to the Razoni under rain in two boats, escorted by the Turkish coast guard. Turkish media said there were about 20 inspectors.
The checks aim to ensure that incoming vessels are not carrying weapons and that outgoing ones are bearing only grain, fertilizer or related food items, not any other commodities.
More ships from Ukraine are expected to set out in the coming days, raising hope that world food shortages can be alleviated. Some 27 vessels have been waiting in three Ukrainian ports with cargo and signed contracts, ready to go, according to U.N. spokesman Stephane Dujarric.
An estimated 20 million tons of grain have been stuck in Ukraine since the start of war. The U.N.-brokered agreement last month to release the grain calls for the establishment of safe corridors through the mined waters outside Ukraine’s ports.
The holdup of shipments because of the war has worsened rising food prices worldwide and threatened hunger and political instability in developing nations.
Most of the grain stuck in Ukraine is to feed livestock, according to David Laborde, an expert at the International Food Policy Research Institute in Washington. Only 6 million tons is wheat, and just half of that is for human consumption, Laborde said. He said the Razoni is loaded with chicken feed.
Ukrainian President Volodymyr Zelenskyy says the resumption of grain exports will reduce Russian authorities’ ability to extract concessions from the West. “They are losing one of the opportunities to terrorize the world,” he said in his nightly video address late Tuesday.
Russia’s war against Ukraine has also disrupted energy supplies in western Europe, with Moscow drastically cutting how much it sends amid fears it could stop sending any at all.
GRAPHIC WARNING: Videos in this story may contain disturbing content.
Meanwhile, the U.N. nuclear chief warned that Europe’s largest nuclear power plant in Ukraine “is completely out of control” and urgent steps are needed to avoid a nuclear accident.
Rafael Grossi, director general of the International Atomic Energy Agency, said in an interview Tuesday with The Associated Press that the situation is getting more perilous every day at the Zaporizhzhia plant in the southeastern city of Enerhodar, which Russian troops seized in early March, soon after their Feb. 24. invasion of Ukraine.
“Every principle of nuclear safety has been violated” at the plant, he said. “What is at stake is extremely serious and extremely grave and dangerous.”
He issued an urgent plea to Russia and Ukraine to quickly allow experts to visit the sprawling complex.
Meanwhile, Russian forces kept up their bombardment of the southern Ukrainian city of Mykolaiv, hitting it with shells twice over the past 24 hours — around 9 p.m. on Tuesday and 5 a.m. on Wednesday, governor of the Mykolaiv region Vitaliy Kim reported.
The shelling damaged a pier, an industrial enterprise, residential buildings, a garage cooperative, a supermarket and a pharmacy, Kim said. It wasn’t immediately clear if there were any casualties.
Mykolaiv is a southern port city, somewhat on par with Odesa, and is located on the Black Sea. The Russians have said in April they want control over not just eastern, but southern Ukraine, too. Taking over Odesa and Mykolaiv in the south will give them control over the entire Black Sea coast and a land corridor to the breakaway Moldovan region of Transnistria.
Amid the relentless onslaught by Moscow’s forces, Zelenskyy issued an order to all those remaining in the country’s embattled Donetsk region to evacuate as soon as possible.
The compulsory evacuation effort aims to take 200,000-220,000 people out of the eastern province by fall, officials say.
___
Robert Badendieck and Mehmet Guzel in Istanbul contributed to this report.
___
Follow AP’s coverage of the Russia-Ukraine war at https://apnews.com/hub/russia-ukraine
Copyright 2022 The Associated Press. All rights reserved. | https://www.cleveland19.com/2022/08/03/first-ship-with-ukraine-grain-cleared-sail-lebanon/ | 2022-08-03T11:38:55Z | https://www.cleveland19.com/2022/08/03/first-ship-with-ukraine-grain-cleared-sail-lebanon/ | true |
Congo expels U.N. peacekeeping mission spokesman after protests
KINSHASA, Aug 3 (Reuters) - Democratic Republic of Congo has asked the spokesman of the U.N. peacekeeping mission, MONUSCO, to leave the country, blaming him for stoking tensions that led to deadly protests last week.
Thirty-six people, including four U.N. peacekeepers, were killed last week as hundreds of protesters vandalised and set fire to U.N. buildings in several cities in Congo's east.
Civilians accuse the mission, which has been active for more than a decade, of failing to protect them from militia violence that has long plagued the region.
The government said that the spokesman, Mathias Gillmann, had made "indelicate and inappropriate" statements which contributed to the tensions between the population and MONUSCO.
"The Congolese government considers that the presence of this official on the national territory is not likely to promote a climate of mutual trust and calm between Congolese institutions and MONUSCO," said the statement from the foreign affairs ministry dated July 28 and seen by Reuters on Wednesday.
Gillmann and MONUSCO's deputy spokesperson did not immediately respond to requests for comment.
The Congolese government also said this week that it would reassess the mission's withdrawal plan in light of the protests, a decision which MONUSCO said it supported.
The mission is due to withdraw by 2024 according to a plan drawn up last year, but the government aims to speed up its departure, said foreign affairs minister Christophe Lutundula.
(Reporting by Stanis Bujakera; Writing by Nellie Peyton, Editing by Alexandra Hudson) | https://www.dailymail.co.uk/wires/reuters/article-11076683/Congo-expels-U-N-peacekeeping-mission-spokesman-protests.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-03T11:39:07Z | https://www.dailymail.co.uk/wires/reuters/article-11076683/Congo-expels-U-N-peacekeeping-mission-spokesman-protests.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false |
BOCA RATON, Fla. (AP) _ ODP Corp. (ODP) on Wednesday reported profit of $27 million in its second quarter.
On a per-share basis, the Boca Raton, Florida-based company said it had profit of 54 cents. Earnings, adjusted for one-time gains and costs, were 79 cents per share.
The office supply retailer posted revenue of $2.03 billion in the period.
ODP Corp. expects full-year earnings in the range of $4.10 to $4.50 per share, with revenue in the range of $8.45 billion to $8.6 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ODP at https://www.zacks.com/ap/ODP | https://www.ourmidland.com/business/article/ODP-Corp-Q2-Earnings-Snapshot-17347755.php | 2022-08-03T11:39:39Z | https://www.ourmidland.com/business/article/ODP-Corp-Q2-Earnings-Snapshot-17347755.php | true |
Under Armour cuts profit forecast as costs surge
Aug 3 (Reuters) - Under Armour Inc lowered its annual profit forecast on Wednesday as its margins take a hit from surging transportation and commodity costs as well as more discounts to attract customers.
COVID-19 flare-ups, worker shortages and the Russia-Ukraine war have snarled global supply chains and driven up prices of raw materials such as cotton, pinching profit margins of companies at a time when they are also seeing increasing consumer pushback to price hikes.
Under Armour projected an adjusted profit of $0.47 to $0.53 per share for fiscal 2023, compared with its previous forecast of $0.63 to $0.68 per share.
Net revenue in the first quarter ended June 30 stayed flat at $1.35 billion, marginally ahead of analysts' estimates of $1.34 billion, according to Refinitiv IBES. (Reporting by Uday Sampath in Bengaluru; Editing by Aditya Soni) | https://www.dailymail.co.uk/wires/reuters/article-11076767/Under-Armour-cuts-profit-forecast-costs-surge.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-03T11:40:47Z | https://www.dailymail.co.uk/wires/reuters/article-11076767/Under-Armour-cuts-profit-forecast-costs-surge.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | true |
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New cars are pricier than ever in today’s economy. Inflation, low inventory and now rising interest rates have all taken a toll on prices. Last week, the Fed raised interest rates for the fourth time this year, compounding the issues that plague car shoppers. Yet in spite of the higher prices, many Americans have an insatiable appetite for trucks and SUVs, which is why automakers keep adding SUVs to their lineups and discontinuing poor-selling sedans. As a result, there’s both a dearth of entry-level models and a higher cost just to get into a new vehicle.
With this in mind, the experts at Edmunds rounded up a list of the highest-rated vehicles that occupy the lower end of the pricing spectrum, at around $20,000.
NISSAN VERSA
Those who can’t stretch all the way to $20,000 but want a new, reliable and fuel-efficient vehicle should consider the 2022 Nissan Versa. Despite its small footprint, the Versa offers excellent passenger space and a roomy trunk. Driving aids like forward collision warning and lane departure warning come standard. Nissan’s Zero Gravity seats are ergonomically friendly, though a few of our editors found they lacked lumbar support.
The Versa feels well built and can even be entertaining to drive — just don’t expect much in the way of acceleration. In addition to a price tag that leaves room for options, Versa buyers will save at the pump with an EPA estimate of 35 mpg combined. (We averaged 41 mpg on our evaluation route.)
Starting price: $16,675
KIA SOUL
Want a more practical shape? The 2023 Kia Soul is one of a handful of inexpensive and well-reviewed hatchbacks on sale. With car-like handling and SUV-like interior dimensions, the Soul is broadly appealing. A standard 2.0-liter engine is peppy for around-town driving, though passing maneuvers require some forethought. The continuously variable transmission mimics automatic gear changes, eliminating the usual droning noise. Handling is on par with sportier competitors thanks to balanced steering and controlled body motions.
The Soul’s boxy exterior allows for easy entry and exit, plus generous headroom for passengers. Standard Apple CarPlay and Android Auto are accessed via an easy-to-use touchscreen. The EPA puts its fuel economy at 30 combined mpg, though we only managed 26.8 mpg in our testing.
Starting price: $21,085
HYUNDAI VENUE
The line between a hatchback and SUV can sometimes be faint, and the front-wheel-drive-only Hyundai Venue is caught in between. Though it offers ground clearance comparable to other small SUVs, the Venue lacks all-wheel drive as an option. Still, with a price tag just north of $20,000, the Venue is among the cheapest ways to sneak into the most popular segment.
An 8-inch touchscreen with Apple CarPlay, Android Auto and navigation is standard and easy to operate. Given its micro size, the Venue has impressive passenger and cargo space. Seat and ride comfort is excellent for the segment, and power is adequate. The EPA rates the 2022 Venue at 31 combined mpg, but we averaged 29 mpg in our driving loop.
Starting price: $20,295
SUBARU IMPREZA
Just because affordable sedans are primarily front-wheel-drive doesn’t mean all-wheel drive is unattainable. The 2022 Subaru Impreza is the least expensive way to get the all-weather assurance of all-wheel drive in a sedan or hatchback. With a comfortable, spacious cabin and intuitive technology, the Impreza treats passengers well.
Steering and handling is solid, though lackluster acceleration and a droning CVT bring down the driving experience. Standard driving aids like adaptive cruise control, blind-spot monitoring, and lane keeping assist bundle convenience and confidence. The EPA estimates CVT-equipped Impreza sedans will get 32 mpg in combined city/highway driving. Unfortunately, we struggled to average even 28 mpg.
Starting price: $20,290
FORD MAVERICK
When hatchback or small SUV practicality isn’t enough, shoppers can turn to small pickups like the Ford Maverick. After falling out of fashion for a while, these light-duty compact trucks are back to offer an affordable alternative for DIY-ers. The Maverick’s clever interior storage and a 4.5-foot bed offer versatility, while a standard hybrid powertrain vaults its EPA estimates to 37 combined mpg.
That’s better mpg than even the most frugal compact sedans, plus you get a rugged pickup style, stellar passenger space and crossover-like maneuverability. Ride quality is a tad choppy and hard plastic panels can bump uncomfortably against your knees, but the Maverick’s low pricing and utility may help offset the cons. Take note that all 2022 model year Mavericks are sold-out, but Ford has started taking orders for 2023 vehicles.
Starting price: $22,490
EDMUNDS SAYS:
Note that these inexpensive prices are for the base models, which might not be carried by dealerships in the current market. You might need to plan ahead and order the vehicle if need be.
Author bio:
This story was provided to The Associated Press by the automotive website Edmunds.
Miles Branman is a contributor at Edmunds and is on Twitter. | https://www.ourmidland.com/living/article/Edmunds-5-vehicles-that-are-easy-on-the-wallet-17347711.php | 2022-08-03T11:41:55Z | https://www.ourmidland.com/living/article/Edmunds-5-vehicles-that-are-easy-on-the-wallet-17347711.php | true |
As President and CEO at FinDec, Michael excels at mentoring people and guiding them through difficult situations.
According to one Swedish proverb: “Rough waters are truer tests of leadership. In calm water, every ship has a good captain.”
My father led our financial company through the housing crisis of 2008 and the aftershocks of 9/11. In my role as president and CEO of the company, I have modeled much of my leadership style after him. As I reflect on the unprecedented events of the past three years and our combined 30-plus years of leading through myriad economic adversities, I believe there are a few valuable lessons worth sharing for those who are captaining ships through turbulent times.
The reverberations from the years-long pandemic, the historic rise in inflation and the war in Ukraine have rocked every aspect of our personal and professional lives. Businesses, across all industries, have experienced extraordinary challenges resulting from supply chain disruptions, employee shortages and market fluctuations. No individual or single industry has dodged the setbacks caused by the events of the past three years.
While my military and police training armed me with skills to lead calmly during crises, I believe my ability to stay true to my values and consistent in my leadership style kept our ship stable while it moved through these tremulous 36 months.
There are many who endorse adaptive or situational leadership and adjust their style based on the current situation. I believe that when external forces are causing disruptions or distress within your organization, one of the most detrimental things you can do is create more chaos by changing the way you lead.
A company’s culture is most likely heavily determined by the CEO’s leadership style. If your style during calm seas includes open and regular communication with employees, the same cadence of honest communication will be expected when the boat gets thrown off-kilter. If you suddenly stop communicating when there is instability, it might cause uncertainty, mistrust and confusion that could result in employees “jumping ship.” Reliability and familiarity are essential to employees during times of instability.
This doesn’t mean that you can’t adapt to changes in the environment. For example, my company’s workplace has traditionally been one in which employees work in our offices. The pandemic has enabled us to get creative with how and where our employees work, shifting some positions to a remote model. Similarly, I typically meet with my executive team weekly, but during the recent weeks of historic fluctuations in the market, I’ve added additional check-ins to provide extra guidance and reassurance.
Keeping a pulse on internal and external factors and shifting processes is important, but that is different than changing how you lead. The one thing employees should be able to count on when external forces are causing instability in their work and personal lives is you being consistent and true to your leadership style.
Here are a few things to remember when the water gets choppy:
1. You are not alone.
Most organizations are dealing with the implications of the supply chain crisis, which is driving prices higher and affecting revenue. Employee shortages, budgetary adjustments and tough choices are not unique to any industry. Seek out colleagues and friends in leadership positions, so you can exchange frustrations and challenges. You might glean some ideas and feel better knowing you aren’t alone.
2. Don’t change your leadership style.
Be true to yourself and your leadership style. Stay the course in good times and in bad. Model consistency in your core values, skills and communication. Employees will appreciate stability at the helm.
3. Don’t get stuck in today’s headlines.
Knowledge is power. Read beyond the headlines and explore multiple sources. Rely on the financial experts, not those on the internet or television who might not be qualified to give advice. It’s challenging right now, but you need to put your energy into the things you can control while the market corrects itself—and it will.
History tends to repeat itself, so I believe the seas will eventually calm. In the meantime, continue to be the best leader you can be for your organization by remaining steadfast in your leadership style and staying true to the skills that earned you a place at the helm.
Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify? | https://www.forbes.com/sites/forbesbusinesscouncil/2022/08/03/why-leaders-shouldnt-change-course-when-the-seas-get-rough/ | 2022-08-03T11:42:05Z | https://www.forbes.com/sites/forbesbusinesscouncil/2022/08/03/why-leaders-shouldnt-change-course-when-the-seas-get-rough/ | true |
Dodgers icon Vin Scully dies at 94
LOS ANGELES - The baseball world mourns the loss of a beloved broadcaster as Vin Scully has died at 94.
The hall-of-fame voice of the Los Angeles Dodgers died Tuesday.
"We have lost an icon," said Dodgers president and CEO Stan Kasten in an online statement. "The Dodgers' Vin Scully was one of the greatest voices in all of sports. He was a giant of a man, not only as a broadcaster, but as a humanitarian. He loved people. He loved life. He loved baseball and the Dodgers. And he loved his family. His voice will always be heard and etched in all of our minds forever. I know he was looking forward to joining the love of his life, Sandi. Our thoughts and prayers go out to his family during this very difficult time. Vin will be truly missed."
Dodgers fans and baseball fans across the world remember Scully's storytelling during his 67-year run as the voice of Los Angeles baseball.
The New York native’s journey with the Dodgers began in 1950 when the team played their home games in Brooklyn. Scully followed the Dodgers in the team’s move to Los Angeles in 1958. Over the course of his decades-long career, Scully crossed paths with many of the sport's all-time greats, including 3-time NL Cy Young winner Clayton Kershaw.
"He was the best there ever was," Kershaw told reporters after Tuesday's game. "Just when you think about the Dodgers – there's a lot of history here and lot of people that have come through, it's just a storied franchise all the way around. But it almost starts with Vin, honestly."
Former Cy Young winner and 1988 World Series MVP Orel Hershiser paid tribute to Scully during the Dodgers' postgame show on Spectrum SportsNet following Tuesday night's game. Hershiser called Scully a "role model."
"People are saying he was a soundtrack, but I would say it's the voice from our highlight film of life," Hershiser said during the team's postgame show.
RELATED: Remembering Vin Scully: World reacts to Dodger icon's death
Many Angelenos remember Scully for his iconic call of Game 1 of the 1988 World Series. Scully provided a memorable play-by-play call of injured Dodgers outfielder Kirk Gibson limping way to the batters box before delivering a two-run walkoff home run to give Los Angeles a 5-4 win over the heavily-favored Oakland Athletics.
"In a year that has been so improbable, the impossible has happened," Scully said on-air seconds after Gibson’s home run.
Speaking of Gibson, the former World Series took to social media shortly after Scully's death to call the longtime broadcaster "the best."
In addition to calling Dodgers games, Scully occasionally called NFL games PGA Tour golf. He also called nationally-televised sporting events for both CBS and NBC on top of calling every Dodgers game through 2016.
Scully’s illustrious career in the broadcast booth landed him in the Baseball Hall of Fame in 1982 and in 2016, he received the Presidential Medal of Freedom in 2016.
The news of Scully’s death comes a little over a year after his wife Sandra died from her battle with ALS. Back on February 2021, Scully had also mourned the death of his longtime friend and fellow Dodger legend Tommy Lasorda.
"I want to express my gratitude for all your kind messages about my beloved Sandi. And with the loss of my dear friend Tommy, it's been quite a lot to bear," Scully said on social media in 2021.
As of Tuesday night, the Dodgers have not yet announced a date for when there will be a public celebration of Scully's life. | https://www.fox35orlando.com/news/dodgers-icon-vin-scully-dies-at-94 | 2022-08-03T11:42:21Z | https://www.fox35orlando.com/news/dodgers-icon-vin-scully-dies-at-94 | false |
New cars are pricier than ever in today’s economy. Inflation, low inventory and now rising interest rates have all taken a toll on prices. Last week, the Fed raised interest rates for the fourth time this year, compounding the issues that plague car shoppers. Yet in spite of the higher prices, many Americans have an insatiable appetite for trucks and SUVs, which is why automakers keep adding SUVs to their lineups and discontinuing poor-selling sedans. As a result, there’s both a dearth of entry-level models and a higher cost just to get into a new vehicle.
With this in mind, the experts at Edmunds rounded up a list of the highest-rated vehicles that occupy the lower end of the pricing spectrum, at around $20,000.
NISSAN VERSA
Those who can’t stretch all the way to $20,000 but want a new, reliable and fuel-efficient vehicle should consider the 2022 Nissan Versa. Despite its small footprint, the Versa offers excellent passenger space and a roomy trunk. Driving aids like forward collision warning and lane departure warning come standard. Nissan’s Zero Gravity seats are ergonomically friendly, though a few of our editors found they lacked lumbar support.
The Versa feels well built and can even be entertaining to drive — just don’t expect much in the way of acceleration. In addition to a price tag that leaves room for options, Versa buyers will save at the pump with an EPA estimate of 35 mpg combined. (We averaged 41 mpg on our evaluation route.)
Starting price: $16,675
KIA SOUL
Want a more practical shape? The 2023 Kia Soul is one of a handful of inexpensive and well-reviewed hatchbacks on sale. With car-like handling and SUV-like interior dimensions, the Soul is broadly appealing. A standard 2.0-liter engine is peppy for around-town driving, though passing maneuvers require some forethought. The continuously variable transmission mimics automatic gear changes, eliminating the usual droning noise. Handling is on par with sportier competitors thanks to balanced steering and controlled body motions.
The Soul’s boxy exterior allows for easy entry and exit, plus generous headroom for passengers. Standard Apple CarPlay and Android Auto are accessed via an easy-to-use touchscreen. The EPA puts its fuel economy at 30 combined mpg, though we only managed 26.8 mpg in our testing.
Starting price: $21,085
HYUNDAI VENUE
The line between a hatchback and SUV can sometimes be faint, and the front-wheel-drive-only Hyundai Venue is caught in between. Though it offers ground clearance comparable to other small SUVs, the Venue lacks all-wheel drive as an option. Still, with a price tag just north of $20,000, the Venue is among the cheapest ways to sneak into the most popular segment.
An 8-inch touchscreen with Apple CarPlay, Android Auto and navigation is standard and easy to operate. Given its micro size, the Venue has impressive passenger and cargo space. Seat and ride comfort is excellent for the segment, and power is adequate. The EPA rates the 2022 Venue at 31 combined mpg, but we averaged 29 mpg in our driving loop.
Starting price: $20,295
SUBARU IMPREZA
Just because affordable sedans are primarily front-wheel-drive doesn’t mean all-wheel drive is unattainable. The 2022 Subaru Impreza is the least expensive way to get the all-weather assurance of all-wheel drive in a sedan or hatchback. With a comfortable, spacious cabin and intuitive technology, the Impreza treats passengers well.
Steering and handling is solid, though lackluster acceleration and a droning CVT bring down the driving experience. Standard driving aids like adaptive cruise control, blind-spot monitoring, and lane keeping assist bundle convenience and confidence. The EPA estimates CVT-equipped Impreza sedans will get 32 mpg in combined city/highway driving. Unfortunately, we struggled to average even 28 mpg.
Starting price: $20,290
FORD MAVERICK
When hatchback or small SUV practicality isn’t enough, shoppers can turn to small pickups like the Ford Maverick. After falling out of fashion for a while, these light-duty compact trucks are back to offer an affordable alternative for DIY-ers. The Maverick’s clever interior storage and a 4.5-foot bed offer versatility, while a standard hybrid powertrain vaults its EPA estimates to 37 combined mpg.
That’s better mpg than even the most frugal compact sedans, plus you get a rugged pickup style, stellar passenger space and crossover-like maneuverability. Ride quality is a tad choppy and hard plastic panels can bump uncomfortably against your knees, but the Maverick’s low pricing and utility may help offset the cons. Take note that all 2022 model year Mavericks are sold-out, but Ford has started taking orders for 2023 vehicles.
Starting price: $22,490
EDMUNDS SAYS:
Note that these inexpensive prices are for the base models, which might not be carried by dealerships in the current market. You might need to plan ahead and order the vehicle if need be.
Author bio:
This story was provided to The Associated Press by the automotive website Edmunds.
Miles Branman is a contributor at Edmunds and is on Twitter. | https://www.seattletimes.com/business/edmunds-5-vehicles-that-are-easy-on-the-wallet/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_business | 2022-08-03T11:42:48Z | https://www.seattletimes.com/business/edmunds-5-vehicles-that-are-easy-on-the-wallet/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_business | true |
NEW YORK, Aug. 3, 2022 /PRNewswire/ -- J.C. Flowers & Co. LLC ("J.C. Flowers" or "the Firm"), a leading private investment firm dedicated to investing globally in the financial services industry, announced today it has completed fundraising for its fifth private equity fund, J.C. Flowers V L.P. (together with parallel vehicles, "JCF V"), with more than $1.1 billion in commitments.
Limited partners in JCF V represent a diverse group of corporate pension funds, sovereign wealth funds, insurance companies, foundations and endowments, and family offices. JCF V received strong support from existing longtime investors as well as highly respected new investors, with institutional investors located across Asia, Europe, Middle East, and North and South America.
"We are grateful for the support from both our existing and new limited partners which allowed us to surpass our target, especially given the backdrop of uncertainty over the last two years," said Chris Flowers, CEO of J.C. Flowers. "Our firm has built a deep bench of talented executives with significant financial services expertise, which has made us uniquely qualified to identify interesting investments through changing market conditions. We look forward to continuing to source, evaluate and invest in financial services opportunities worldwide where we can add significant value."
J.C. Flowers targets investments across all sub-sectors of the financial services industry, including banks, insurance and reinsurance, specialty and consumer finance, asset management and financial technology and securities firms. The firm has deep experience navigating the complexities of the global regulatory landscape, and has been approved for various investments in financial services companies in 18 jurisdictions. Teams in New York and London drive value in the firm's portfolio companies through operational transformation and balance sheet optimization.
To date, approximately 40% of JCF V has been invested, including announced platform investments in Ariel Re, Inigo Insurance, iLendingDirect, Insigneo Financial Group, LMAX Group, Tricor Insurance and Solomon Wealth.
Simpson Thacher & Bartlett LLP served as legal adviser for the Fund.
J.C. Flowers is a leading private investment firm dedicated to investing globally in the financial services industry. Founded in 1998, the firm has approximately $5 billion of assets under management. J.C. Flowers has offices in New York and London with an approximately 20-person investment staff who have a combined 300+ years of experience. Over its history, J.C. Flowers has invested more than $17 billion of capital in 62 portfolio companies in 18 countries across a range of industry subsectors including banking, insurance and reinsurance, securities firms, specialty finance, and services and asset management. For more information, please visit www.jcfco.com.
Media Contact:
Jennifer Hurson
Lambert
845-507-0571
jhurson@lambert.com
View original content to download multimedia:
SOURCE J.C. Flowers & Co. LLC | https://www.weau.com/prnewswire/2022/08/03/jc-flowers-closes-fifth-private-equity-fund-with-more-than-11-billion-commitments/ | 2022-08-03T11:42:52Z | https://www.weau.com/prnewswire/2022/08/03/jc-flowers-closes-fifth-private-equity-fund-with-more-than-11-billion-commitments/ | false |
CA Medford, OR Zone Forecast for Tuesday, August 2, 2022
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283 FPUS56 KMFR 031034
ZFPMFR
Zone Forecast Product for Southern Oregon and Northern California
National Weather Service Medford, OR
334 AM PDT Wed Aug 3 2022
CAZ080-032300-
Western Siskiyou County-
Including the cities of Somes Bar, Happy Camp, Callahan, Etna,
Fort Jones, Greenview, and Scott Bar
334 AM PDT Wed Aug 3 2022
.TODAY...Sunny this morning, then partly cloudy with isolated
thunderstorms this afternoon. Haze and patchy smoke through the
day. Highs in the lower 80s to lower 90s. Southeast winds around
5 mph shifting to the southwest in the late morning and
afternoon.
.TONIGHT...Partly cloudy with isolated thunderstorms in the
evening, then mostly clear after midnight. Patchy smoke in the
evening. Haze through the night. Lows in the lower to mid 60s.
West winds 5 to 10 mph.
.THURSDAY...Sunny in the morning then becoming partly cloudy.
Haze in the morning. Highs in the mid 80s to mid 90s. West winds
5 to 10 mph.
.THURSDAY NIGHT...Partly cloudy with a 10 percent chance of
thunderstorms in the evening, then mostly clear after midnight.
Lows in the lower to mid 60s. Northwest winds 5 to 10 mph
shifting to the northeast after midnight.
.FRIDAY...Sunny in the morning then becoming partly cloudy. Highs
in the mid 80s to mid 90s. East winds around 5 mph shifting to
the southwest in the afternoon.
.FRIDAY NIGHT THROUGH MONDAY NIGHT...Mostly clear. Lows in the
lower to mid 60s. Highs in the mid 80s to mid 90s.
.TUESDAY...Sunny. Highs in the lower 80s to lower 90s.
$$
CAZ081-032300-
Central Siskiyou County-
Including the cities of Hilt, Klamath River, and Yreka
334 AM PDT Wed Aug 3 2022
.TODAY...Sunny this morning, then partly cloudy with isolated
thunderstorms this afternoon. Haze and patchy smoke through the
day. Highs in the mid 80s to mid 90s. Light winds becoming
southwest 5 to 10 mph this afternoon.
.TONIGHT...Partly cloudy with isolated thunderstorms in the
evening, then mostly clear after midnight. Patchy smoke in the
evening. Haze through the night. Lows in the lower to mid 60s.
Northwest winds 10 to 15 mph decreasing to around 5 mph after
midnight, then shifting to the southwest well after midnight.
.THURSDAY...Sunny in the morning then becoming partly cloudy.
Haze and patchy smoke in the morning. Highs in the mid 80s to mid
90s. Light winds becoming northwest 5 to 10 mph in the afternoon.
.THURSDAY NIGHT...Partly cloudy with a 10 percent chance of
thunderstorms in the evening, then mostly clear after midnight.
Lows in the lower to mid 60s. Northwest winds 10 to 15 mph
shifting to the north around 5 mph after midnight.
.FRIDAY...Sunny in the morning, then partly cloudy with a
10 percent chance of thunderstorms in the afternoon. Highs in the
mid 80s to mid 90s. East winds around 5 mph shifting to the
southwest in the afternoon.
.FRIDAY NIGHT THROUGH SATURDAY NIGHT...Mostly clear. Lows in the
lower to mid 60s. Highs in the mid 80s to mid 90s.
.SUNDAY THROUGH MONDAY NIGHT...Mostly clear. Highs 90 to 100.
Lows in the lower to mid 60s.
.TUESDAY...Sunny. Highs in the mid 80s to mid 90s.
$$
CAZ082-032300-
South Central Siskiyou County-
Including the cities of Mount Shasta, Dunsmuir, and McCloud
334 AM PDT Wed Aug 3 2022
.TODAY...Sunny this morning, then partly cloudy with isolated
thunderstorms this afternoon. Haze through the day. Highs in the
lower 80s to lower 90s. East winds around 5 mph shifting to the
southwest this afternoon.
.TONIGHT...Partly cloudy. Isolated thunderstorms in the evening.
Haze through the night. Lows in the mid 50s to mid 60s. Northwest
winds 5 to 10 mph shifting to the north after midnight. Chance of
thunderstorms 10 percent.
.THURSDAY...Sunny in the morning then becoming partly cloudy.
Haze in the morning. Highs in the mid 80s to mid 90s. North winds
around 5 mph shifting to the southwest in the afternoon.
.THURSDAY NIGHT...Partly cloudy with a 10 percent chance of
thunderstorms in the evening, then mostly clear after midnight.
Lows in the mid 50s to mid 60s. West winds 5 to 10 mph shifting
to the north after midnight.
.FRIDAY...Sunny in the morning, then partly cloudy with a
20 percent chance of thunderstorms in the afternoon. Highs in the
lower 80s to lower 90s. East winds around 5 mph shifting to the
south in the late morning and afternoon.
.FRIDAY NIGHT...Partly cloudy with a slight chance of
thunderstorms in the evening, then mostly clear after midnight.
Cooler. Lows in the lower 50s to lower 60s.
.SATURDAY THROUGH TUESDAY...Mostly clear. Highs in the lower 80s
to lower 90s. Lows in the lower 50s to lower 60s.
$$
CAZ083-032300-
North Central and Southeast Siskiyou County-
Including the cities of Pondosa, Bray, and Tennant
334 AM PDT Wed Aug 3 2022
.TODAY...Sunny this morning, then partly cloudy with isolated
thunderstorms this afternoon. Haze through the day. Highs in the
lower 80s to lower 90s. East winds around 5 mph shifting to the
south in the late morning and early afternoon, then shifting to
the southwest late this afternoon.
.TONIGHT...Partly cloudy. Isolated thunderstorms in the evening.
Haze and patchy smoke through the night. Lows in the mid 50s to
mid 60s. Northwest winds 5 to 10 mph. Chance of thunderstorms
10 percent.
.THURSDAY...Haze in the morning. Sunny in the morning, then
partly cloudy with a 10 percent chance of thunderstorms in the
afternoon. Highs in the lower 80s to lower 90s. North winds
around 5 mph shifting to the west in the late morning and
afternoon.
.THURSDAY NIGHT...Partly cloudy with a 10 percent chance of
thunderstorms in the evening, then mostly clear after midnight.
Lows in the mid 50s to mid 60s. Northwest winds 5 to 10 mph
shifting to the north well after midnight.
.FRIDAY...Partly cloudy. A 20 percent chance of thunderstorms in
the afternoon. Highs in the lower 80s to lower 90s. South winds
around 5 mph shifting to the southwest 10 to 15 mph in the
afternoon.
.FRIDAY NIGHT...Partly cloudy with a slight chance of
thunderstorms in the evening, then mostly clear after midnight.
Lows in the mid 50s to lower 60s.
.SATURDAY AND SATURDAY NIGHT...Mostly clear. Highs in the lower
80s to lower 90s. Lows in the mid 50s to mid 60s.
.SUNDAY AND SUNDAY NIGHT...Mostly clear. Highs in the mid 80s to
mid 90s. Lows in the mid 50s to mid 60s.
.MONDAY THROUGH TUESDAY...Mostly clear. Highs in the lower 80s to
lower 90s. Lows in the mid 50s to mid 60s.
$$
CAZ084-032300-
Northeast Siskiyou and Northwest Modoc Counties-
Including the cities of Newell, Tulelake, Dorris, and Macdoel
334 AM PDT Wed Aug 3 2022
.TODAY...Sunny this morning, then partly cloudy with isolated
thunderstorms this afternoon. Haze through the day. Highs in the
mid 80s to lower 90s. Southeast winds around 5 mph shifting to
the west this afternoon. Chance of thunderstorms 20 percent.
.TONIGHT...Partly cloudy with isolated thunderstorms in the
evening, then mostly clear after midnight. Patchy smoke in the
evening. Haze through the night. Lows in the mid 50s to lower
60s. West winds 10 to 15 mph decreasing to around 5 mph after
midnight. Chance of thunderstorms 20 percent.
.THURSDAY...Haze in the morning. Sunny in the morning, then
partly cloudy with a 10 percent chance of thunderstorms in the
afternoon. Highs in the mid 80s to lower 90s. South winds around
5 mph early in the morning becoming light, then becoming west
5 to 10 mph in the afternoon.
.THURSDAY NIGHT...Partly cloudy with a 10 percent chance of
thunderstorms in the evening, then mostly clear after midnight.
Lows in the mid 50s to lower 60s. Northwest winds 10 to 15 mph
shifting to the west around 5 mph after midnight.
.FRIDAY...Partly cloudy. A 20 percent chance of thunderstorms in
the afternoon. Highs in the mid 80s to lower 90s. Southeast winds
around 5 mph shifting to the southwest 10 to 15 mph in the
afternoon.
.FRIDAY NIGHT...Partly cloudy with a slight chance of
thunderstorms in the evening, then mostly clear after midnight.
Lows in the mid 50s to lower 60s.
.SATURDAY THROUGH MONDAY...Mostly clear. Highs in the mid 80s to
mid 90s. Lows in the mid 50s to lower 60s.
.MONDAY NIGHT AND TUESDAY...Partly cloudy. Lows in the mid 50s to
lower 60s. Highs in the mid 80s to lower 90s.
$$
CAZ085-032300-
Modoc County-
Including the cities of Day, Lookout, Adin, Alturas, Canby,
Davis Creek, and Likely
334 AM PDT Wed Aug 3 2022
.TODAY...Sunny this morning, then partly cloudy with isolated
thunderstorms this afternoon. Patchy smoke early this morning.
Haze through the day. Highs in the mid 80s to lower 90s.
Southeast winds around 5 mph shifting to the southwest this
afternoon.
.TONIGHT...Partly cloudy. Isolated thunderstorms in the evening.
Haze and patchy smoke through the night. Lows in the mid 50s to
lower 60s. West winds 10 to 15 mph shifting to the northwest
around 5 mph after midnight, then shifting to the northeast well
after midnight. Chance of thunderstorms 10 percent.
.THURSDAY...Haze in the morning. Sunny in the morning, then
partly cloudy with a 20 percent chance of thunderstorms in the
afternoon. Highs in the mid 80s to lower 90s. Southeast winds
around 5 mph shifting to the southwest 10 to 15 mph in the
afternoon.
.THURSDAY NIGHT...Partly cloudy. A 20 percent chance of
thunderstorms in the evening. Lows in the mid 50s to lower 60s.
Northwest winds 10 to 15 mph decreasing to around 5 mph well
after midnight.
.FRIDAY...Partly cloudy. A 20 percent chance of thunderstorms in
the afternoon. Highs in the mid 80s to lower 90s. South winds
around 5 mph shifting to the southwest early in the afternoon,
then increasing to around 15 mph late in the afternoon.
.FRIDAY NIGHT...Partly cloudy with a slight chance of
thunderstorms in the evening, then mostly clear after midnight.
Lows in the mid 50s to lower 60s.
.SATURDAY THROUGH MONDAY...Mostly clear. Highs in the mid 80s to
mid 90s. Lows in the mid 50s to lower 60s.
.MONDAY NIGHT AND TUESDAY...Partly cloudy. Lows in the mid 50s to
lower 60s. Highs in the mid 80s to lower 90s.
$$
Visit us at www.weather.gov/Medford
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Copyright 2022 AccuWeather | https://www.ourmidland.com/weather/article/CA-Medford-OR-Zone-Forecast-17347723.php | 2022-08-03T11:43:32Z | https://www.ourmidland.com/weather/article/CA-Medford-OR-Zone-Forecast-17347723.php | true |
WFO CORPUS CHRISTI Warnings, Watches and Advisories for Wednesday, August 3, 2022
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SPECIAL WEATHER STATEMENT
Special Weather Statement
National Weather Service Corpus Christi TX
514 AM CDT Wed Aug 3 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.
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Copyright 2022 AccuWeather | https://www.lmtonline.com/weather/article/TX-WFO-CORPUS-CHRISTI-Warnings-Watches-and-17347707.php | 2022-08-03T11:43:47Z | https://www.lmtonline.com/weather/article/TX-WFO-CORPUS-CHRISTI-Warnings-Watches-and-17347707.php | true |
Tiger Woods turned down $700-800M Saudi LIV Golf offer, Norman confirms
Tiger Woods turned down an offer that Greg Norman says was "somewhere in that neighborhood" of $700 million to $800 million to take part in the Saudi-funded LIV Golf series.
During an appearance on Fox News with Tucker Carlson that aired Monday night, Norman confirmed what he told the Washington Post in a story two months ago. Norman told the Post in June the offer was "mind-blowingly enormous; we’re talking about high nine digits."
Woods has been opposed to LIV Golf since late last year, and he delivered his strongest comments at the British Open when he said players who took the money funded by the Saudi Arabian sovereign wealth fund had "turned their back" on the PGA Tour that made them famous.
When an offer was made to Woods was not clear.
"That number was out there before I became CEO. So that number has been out there, yes," Norman said in the Fox News interview, which took place Sunday at Trump National in Bedminster, New Jersey, where the third LIV Golf Invitational was held.
"And, look, Tiger is a needle-mover and of course you have to look at the best of the best," Norman said. "So they had originally approached Tiger before I became CEO. So, yes, that number was somewhere in that neighborhood."
Former President Donald Trump, Tucker Carlson and Marjorie Taylor Greene, Eric Trump and Donald Trump Jr. during the 3rd round of the LIV Golf Invitational Series Bedminster on July 31, 2022 at Trump National Golf Club in Bedminster, New Jersey. (Pho
Various reports out of the United Kingdom have said Phil Mickelson received a $200 million signing bonus, while Dustin Johnson received $150 million. The 48-man fields, which play 54 holes with no cut, offer $25 million in prize money at each event. Norman announced a 14-tournament schedule for next year.
LIV Golf currently has only one player -- Johnson at No. 18 -- from the top 20 in the world.
RELATED: Tiger Woods withdraws from final round of PGA Championship
The source of the funding has led to sharp criticism of the series and the players who have enlisted because it is viewed as an attempt to distract attention from its human rights record and links to the Sept. 11 terrorist attacks.
Asked why his rival tour has caused such an uproar among American golf fans, Norman responded plainly, "I don’t know."
"I really don’t care," Norman said. "I just love the game so much and I want to grow the game of golf and we at LIV see that opportunity not just for the men but for the women."
The LIV Golf Invitational is off for a month during the FedEx Cup playoffs on the PGA Tour, returning over Labor Day weekend about an hour west of Boston, and then two weeks later plays in the Chicago suburbs.
RELATED: Tiger Woods becomes a billionaire, third professional athlete to join the exclusive club: report | https://www.fox35orlando.com/sports/tiger-woods-turned-down-saudi-liv-golf-offer | 2022-08-03T11:43:48Z | https://www.fox35orlando.com/sports/tiger-woods-turned-down-saudi-liv-golf-offer | false |
By Tyler Bray, CEO, owner and founder of The Trailer Parts Outlet.
Many job descriptions amount to little more than a set of clichés about a “fast-paced environment” or “highly competitive culture” followed by a bullet list of required skills. But I have found that my most successful hires are actually oriented around other traits. Basically, as a business leader, I see it as my job to manage the energy and culture of my team very carefully. Every hire I make is either going to add to or subtract from that energy.
I’ve created a strategy to create better long-term results with the people I hire. While I admit that these traits are less quantifiable than some would like, I do believe that you get the best results when you look for them. I’ll even include my preferred strategy of how to actually determine if a candidate has these traits, and a story of a time I used this strategy.
Remember, you can teach someone any skill they need to know. The traits I’m about to describe fall into the category of “you have it or you don’t.”
Hire based on these traits for long-term success:
• Worth Ethic
You need people who are self-starters. If someone needs constant guidance, that’s OK, but only at first. As a leader, you need to build a team with a “point and shoot” dynamic. You point, they shoot and everyone wins.
• Passion
Nothing prevents burnout like passion. As I said earlier, this is one of the intangibles. You have to detect it with your instincts rather than a fill-in-the-bubble questionnaire.
• Alignment
I’ve published entire articles about alignment, so I’ll make it as simple as I can this time. You figure out how to take the fuel of what your teammate wants, and you funnel it into your business so that both the teammate and the business win together. Someone wants more freedom? Money? New skills? Your business needs those things, too. Align those aims for best results.
• Cultural Compatibility
Again, hard to quantify. Think of your candidate in the context of everyone else on the team, rather than as an isolated figure. That should make your decision clear.
• Happiness—They Want To Be Here
We’re all realizing how much of our lives we spend on work. Happiness is so important when you consider that.
How To Determine If Your Candidate Has The Right Traits
I have taken to asking my people to write a one-page essay describing their dream job. I tell them to give as much life and color to that vision as possible. I had one candidate who I hired as an assistant. When she wrote her essay, she described building out her own clothing brand. In fact, the essay was so clarifying for her that she actually parted ways and went to go live it. How did I feel about that? Absolutely delighted. Because I know a more aligned candidate is out there, and I truly enjoy seeing people live the life of their dreams or at least take an honest shot at it.
In summary, ask your candidates what they want. If they want apples, offer apples, not oranges. If you can only offer oranges, don’t try to fit the wrong key into the lock. Find people who love oranges. Your business will benefit from momentum with less turnover and better cultural cohesion. Happy employees simply work more effectively and share their happiness with your customers. | https://www.forbes.com/sites/theyec/2022/08/03/traits-to-hire-for-over-any-skill-set/ | 2022-08-03T11:45:07Z | https://www.forbes.com/sites/theyec/2022/08/03/traits-to-hire-for-over-any-skill-set/ | true |
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COLOMBO, Sri Lanka (AP) — Sri Lanka's new president said Wednesday that his government is preparing a national policy roadmap for the next 25 years that aims to cut public debt and turn the country into a competitive export economy as it seeks a way out of its worst economic disaster.
President Ranil Wickremesinghe in his speech to Parliament said Sri Lanka needs long-term solutions and a strong foundation to stop a recurrence of economic crises.
Massive public protests have blamed Wickremesinghe's ousted predecessor, Gotabaya Rajapakasa, and his powerful family for years of mismanagement and corruption that have bankrupt the nation and led to unprecedented shortages of essential imports like fuel, medicine and cooking gas. But many are still skeptical of Wickremesinghe and accuse him of trying to protect the former leader and his relatives.
Sri Lanka announced in April that it is suspending repayment of foreign loans. Its total foreign debt is $51 billion, of which it must pay $28 billion by 2027.
Wickremesinghe said his government had initiated negotiations with the International Monetary Fund on a four-year rescue plan and had commenced the finalization of a debt restructuring plan.
“We would submit this plan to the International Monetary Fund in the near future, and negotiate with the countries who provided loan assistance. Subsequently negotiations with private creditors would also begin to arrive at a consensus,” he said.
Wickremesinghe had said earlier that negotiations with the IMF have been difficult because of Sri Lanka's bankruptcy and that an expected early August target for an agreement with the agency was not possible and is now expected in September because of social unrest in the country.
He said the hardships had eased somewhat with reduced power cuts, fertilizers being brought in for cultivation and cooking gas distribution improving.
“Safety measures have been taken to avoid food shortages. Bringing essential drugs and medical equipment to the hospitals has been initiated. Schools have been reopened. Measures are being taken to overcome the impediments faced by the industries and export sectors,” he said.
Instead of relying on foreign loans for fuel imports, Sri Lanka should initiate a system where export income and foreign workers' remittances are used for purchases, Wickremesinghe said.
“We also have to limit selected imports in order to balance the payments for fuel. On the other hand, fuel supply has to be curtailed. These hardships would need to be borne until the end of this year.”
He thanked neighboring India's Prime Minister Narendra Modi for giving Sri Lanka a breath of life by providing timely assistance through credit lines and loans to buy food, medicine and fuel.
Wickremesinghe said the government's aim is to create a surplus in the primary budget by the year 2025 and to bring down public debt, currently at 140% of GDP, to less than 100% by 2032.
“The economy should be modernized. Economic stability should be established and transformed into a competitive export economy. In this context, we are now preparing the necessary reports, plans, rules and regulations, laws and programs,” he said.
“If we build the country, the nation and the economy through the national economic policy, we would be able to become a fully developed country by the year 2048, when we celebrate the 100th anniversary of independence,” Wickremesinghe said.
Wickremesinghe was elected president last moth to complete the rest of Rajapaksa’s five-year term, which ends in 2024. Rajapaksa fled the country after protesters, furious over the economic hardships, stormed his official residence and occupied several key government buildings.
Wickremesinghe cracked down on protests and many leaders of demonstrations have been arrested on charges of trespassing and damaging public property. Protest camps set up in front of the president's office were dismantled by armed soldiers who beat up protesters.
However, Wickremesinghe on Wednesday denied that he was “hunting down” protesters.
He said he will protect peaceful protesters and opened an office to handle complaints of any wrongful action. People who violated the law unknowingly or at the instigation of others will be dealt with “sympathetically” while those who were involved in violence intentionally will be prosecuted, he said.
Wickremesinghe said that since young people had taken the lead in protests and wanted a change in the political system, he will make way for more youth to attend Parliament in the next election.
“The next election should be the term of the youth. I consider that the creation of a new constitution with new attitudes in order to provide space for youth is one of the main priority tasks. ”
He sought amity among political parties, saying only an all-party government can solve the country's problems.
“The expectation of all the citizens of the country at this juncture is for all their representatives in Parliament to work together in order to build the country,” he said. | https://www.beaumontenterprise.com/business/article/Sri-Lanka-leader-proposes-25-year-plan-for-17347510.php | 2022-08-03T11:45:18Z | https://www.beaumontenterprise.com/business/article/Sri-Lanka-leader-proposes-25-year-plan-for-17347510.php | false |
After last summer's heat wave, Oregon instituted rules to protect outdoor workers — rules that are being put to the test this year. (Story aired on Weekend Edition Sunday on July 31, 2022.)
Copyright 2022 Oregon Public Broadcasting
After last summer's heat wave, Oregon instituted rules to protect outdoor workers — rules that are being put to the test this year. (Story aired on Weekend Edition Sunday on July 31, 2022.)
Copyright 2022 Oregon Public Broadcasting | https://www.wdiy.org/2022-08-03/encore-oregons-outdoor-worker-protection-rules-are-tested-as-temps-heat-up | 2022-08-03T11:47:18Z | https://www.wdiy.org/2022-08-03/encore-oregons-outdoor-worker-protection-rules-are-tested-as-temps-heat-up | false |
Available in two sizes, ENGO 2 brings real-time performance data and a great fit to runners and cyclists
BOSTON, Aug. 3, 2022 /PRNewswire/ -- ENGO Eyewear, the leading manufacturer of connected eyewear for endurance athletes, today unveiled ENGO 2, the lightest, and most technologically advanced eyewear created specifically for endurance athletes. Developed to provide instant, intuitive, real-time access to performance data directly in the natural field of view, ENGO 2 features advanced ActiveLook 2.0 technology. ENGO 2 also offers industry leading battery life and can be used for 10-12 consecutive hours before being recharged, and weighs just 36 grams for the standard size - the lightest HUD on the market.
ENGO 2 eliminates the need for athletes to break stride or slow down to look at a watch or cycling computer. For endurance athletes, this can be a significant advantage over the course of a marathon or triathlon. In addition, ENGO 2's touchless gesture control makes it easy to toggle between custom data screens by waving a hand in front of the lens.
Available in two sizes to fit a variety of face shapes, ENGO 2's frameless design comes with ENGO Eyewear's 100% satisfaction guarantee to ensure a comfortable, secure fit, and a clear, stable view of the user's data. ENGO 2 also features high-definition optics, moisture and dust resistance, impact protection, and 100% ultraviolet protection.
"The ActiveLook 2.0 technology embedded in ENGO 2 gives users greater ability to customize the data projected into their field of view based on what is most useful to them," said Eric Marcellin-Dibon, ENGO Eyewear CEO. "Garmin users now have the ability to connect an array of compatible watches and cycling computers and configure and view custom data fields directly in ENGO 2."
"ENGO eyewear gives you real-time control. You can glance at it—you're not having to stare at the numbers the entire time," said Paul Thomas, gravel racer and ENGO Eyewear customer. "They're really helpful. By having real-time control, you never go into the red. With these ENGO, I'm faster, safer, and a more confident rider."
"By having your pace always available at a glance, there's no need to question 'is your exertion correct? Is your pace correct?' It's right in front of you," said 7-time Boston Marathon runner, Pam Nisevich-Bede. "Having the data in real time can give you confidence with executing the plan because anytime you can chip away at that properly designed plan and see it come to life, confidence just builds."
ENGO 2 is available now for pre-order for $329 with orders expected to ship in September 2022. Learn more at www.engoeyewear.com.
Founded in Grenoble, France, ENGO Eyewear is the leader in connected eyewear for endurance athletes. Its ActiveLook® microdisplay technology, recognized with an Innovation Award at the Consumer Electronics Show in January 2021, is the first product of its kind to provide a clear and stable display in ambient daylight conditions, is very lightweight, and has best-in-class battery life. Learn more at www.engoeyewear.com.
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SOURCE ENGO Eyewear | https://www.wflx.com/prnewswire/2022/08/03/engo-eyewear-introduces-engo-2-lightest-heads-up-display-training-competition-endurance-athletes/ | 2022-08-03T11:50:17Z | https://www.wflx.com/prnewswire/2022/08/03/engo-eyewear-introduces-engo-2-lightest-heads-up-display-training-competition-endurance-athletes/ | true |
TAMPA. Fla. — Hillsborough County teachers returned to the classroom this week to start preparing for the school year, but its still unclear exactly what their salary will be.
What You Need To Know
- Hillsborough administrators and teachers reached an impasse last week and plan to return to the bargaining table during a scheduled meeting on Thursday
- The two sides attempted to reach an agreement before the school year began
- The district is proposing a one-year supplement as opposed to a step on the pay scale
Administrators and teachers reached an impasse last week and plan to return to the bargaining table during a scheduled meeting on Thursday. The two sides attempted to reach an agreement before the school year began.
The district is proposing a one-year supplement as opposed to a step on the pay scale.
In the 2021-2022 school year, teachers agreed to the one-year supplement instead of a permanent raise and advance on the salary schedule. By doing that, Hillsborough County Public Schools could use federal COVID-19 relief money for the increases.
Teachers Nicole Teagarten and Emily Griest feel it is time for the traditional pay increase they agreed upon when they were first hired into the district.
"It's hard to stay in the field when your money isn't keeping up with inflation and what you were expected and hired under," Teagarden said.
"It's very hard to keep good teachers if you aren't honoring what you promised at onboarding, it's hard to keep good teachers if you don't have competitive pay," Griest added.
The district is still short more than 600 teachers and working to hire quickly before students return to classrooms on August 10.
Last year, the state threatened a financial takeover if the district didn't start chipping away at its deficits. Now the needle is moving in the right direction but during bargaining the school district stated they don't have the money to permanent raises at this time and instead offered the same increase but in the form of a supplement.
A spokesperson for the school district declined comment stating they can not comment on ongoing negotiations. | https://www.mynews13.com/fl/orlando/news/2022/08/03/with-600--vacancies--hillsborough-schools-and-teachers-can-t-agree-on-pay | 2022-08-03T11:50:34Z | https://www.mynews13.com/fl/orlando/news/2022/08/03/with-600--vacancies--hillsborough-schools-and-teachers-can-t-agree-on-pay | false |
MILWAUKEE, Aug. 3, 2022 /PRNewswire/ -- Harley-Davidson, Inc. ("Harley-Davidson") (NYSE:HOG) announced today that its board of directors has appointed Rafeh Masood as a member of the board, effective immediately. Masood currently serves as Executive Vice President (EVP) and Chief Customer Officer at Bed Bath & Beyond Inc. (NASDAQ: BBBY).
"Rafeh joins with exceptional knowledge of digital and omnichannel strategy and operations, which are an important and integral part of our Hardwire strategy," said Jochen Zeitz, Chairman, CEO and President, Harley-Davidson. "His expertise in all these areas will be most helpful as we focus on our consumer and their relationship with our brand and product, ensuring riders and non-riders alike can engage with Harley-Davidson as they choose."
Masood joined Bed Bath & Beyond Inc. in May 2020 as EVP and Chief Digital Officer and was appointed to his current role in November 2021, where he oversees marketing, digital and customer experience. Masood previously served as Senior Vice President and Chief Digital Officer at BJ's Wholesale Club Holdings, Inc. In this role, Masood was responsible for the company's online and omnichannel business, including strategy, customer experience, and product development. Previously, Masood held leadership roles in customer innovation, technology, operations and procurement at DICK's Sporting Goods, Sears and BAWAG Group.
"I am honored to join the Board of Directors of Harley-Davidson and help this legendary brand strengthen its relationships with consumers," said Rafeh Masood. "Jochen and his team continue to bring exceptional vision and innovation to everything they do, and I look forward to working with my fellow Board members to further enhance Harley-Davidson's reputation as the world's most desirable motorcycle brand."
Masood holds a B.S. in Information Systems and an MBA from DePaul University.
Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley- Davidson Financial Services. Our vision: Building our legend and leading our industry through innovation, evolution and emotion. Our mission: More than building machines, we stand for the timeless pursuit of adventure. Freedom for the soul. Since 1903, Harley-Davidson has defined motorcycle culture with an expanding range of leading-edge, distinctive and customizable motorcycles in addition to riding experiences and exceptional motorcycle accessories, riding gear and apparel. Harley-Davidson Financial Services provides financing, insurance and other programs to help get Harley-Davidson riders on the road. Learn more at www.harley-davidson.com.
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SOURCE Harley-Davidson, Inc. | https://www.kold.com/prnewswire/2022/08/03/harley-davidson-appoints-rafeh-masood-board-directors/ | 2022-08-03T11:50:49Z | https://www.kold.com/prnewswire/2022/08/03/harley-davidson-appoints-rafeh-masood-board-directors/ | false |
Highlight results include 16.0 g/t Au over 33.9 m and 24.4 g/t Au over 14.6 m
Reno, Nev., Aug. 3, 2022 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) ("i-80", or the "Company") is pleased to announce continued positive results from the ongoing underground drill program at the Company's Granite Creek Mine Property ("Granite Creek" or "the Property") located in Humboldt County, Nevada.
The 2022 underground drill program at Granite Creek is focused on delineating mineralization for mining and upgrading and expanding resources. In the upper parts of the mine, high-grade gold mineralization is being defined in the Otto/Adam Peak/Range Front horizons, while from the lower levels drilling is focused on defining mineralization in the Ogee Zone that is expected to be the primary zone in the near future (see Figure 1).
Highlight new results from 2022 underground drilling:
- 8.6 g/t Au over 10.3 m (0.25 oz/ton Au over 33.7 feet) in hole iGU22-17 – Ogee Zone
- 18.4 g/t Au over 9.1 m (0.54 oz/ton Au over 30.0 feet) in hole iGU22-18 – Otto Zone
- 13.8 g/t Au over 5.7 m (0.40 oz/ton Au over 18.8 feet) in hole iGU22-26 – Range Front Zone
- 24.4 g/t Au over 14.6 m (0.71 oz/ton Au over 48.0 feet) in hole iGU22-30 – Adam Peak Zone
- 26.4 g/t Au over 5.0 m (0.77 oz/ton Au over 16.4 feet) in hole iGU22-42 – Ogee Zone
- 23.1 g/t Au over 5.0 m (0.67 oz/ton Au over 16.4 feet) in hole iGU22-43 – Ogee Zone
- 16.0 g/t Au over 33.9 m (0.47 oz/ton Au over 111.3 feet) in hole iGU22-45 – Ogee Zone
The underground zones at Granite Creek will be included in a resource update following the 2022 program that is expected to comprise approximately 30,000 meters of drilling from both surface, focused on the South Pacific Zone, and the underground Ogee, Otto and Adams Peak Zones. Table 1 provides a complete summary of new results from the 2022 underground drilling program.
The company is currently mining a bulk sample from the underground zones to deliver an initial 10,000 tons to Nevada Gold Mines' nearby Twin Creeks Mine (See Figure 2) for a metallurgical test, as per the processing agreement, which will allow for the deposit to be developed and ramped up for continuous mining.
"The drill program continues to define high-grade mineralization over substantial widths, particularly within the Ogee Zone that remains open for expansion at depth", stated Tyler Hill, Senior Geologist of i-80.
The Granite Creek Property is strategically located proximal to Nevada Gold Mines' Turquoise Ridge and Twin Creeks mines at the north end of the Battle Mountain-Eureka Trend, at its intersection with the Getchell gold belt in Nevada. High-grade mineralization occurs in a near-identical geological setting as that at the multi-million-ounce Turquoise Ridge Mine located immediately to the north (see Figure 2); proximal to a major regional fault (the Getchell or Range Front fault) on the eastern edge of the large Osgood Mountains intrusive complex. The Granite Creek deposit remains open at depth and along strike from the existing underground workings.
Table 1 – Summary of New Assay Results from 2022 Underground Drilling
All samples were submitted to ALS Minerals (ALS) of Sparks, NV, which is an ISO 9001 and 17025 certified and accredited laboratory, independent of the Company. Samples submitted through ALS are run through standard prep methods and analyzed using Au-AA23 (Au; 30g fire assay) and ME-ICP41 (35 element suite; 0.5g Aqua Regia/ICP-AES). ALS also undertakes their own internal coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration. i-80 Gold Corp's QA/QC program includes regular insertion of CRM standards, duplicates, and blanks into the sample stream with a stringent review of all results.
Tim George, PE, Mine Operations Manager, reviewed the technical and scientific information contained in this press release and is a Qualified Person within the meaning of NI 43-101.
i-80 Gold Corp. is a well-financed, Nevada-focused, mining company with a goal of achieving mid-tier gold producer status through the development of multiple deposits within the Company's advanced-stage property portfolio with processing at i-80's centralized milling facility that includes an autoclave.
Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws, including but not limited to, the expansion or mineral resources at Granite Creek and the potential of the Granite Creek project. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the Company's current expectations regarding future events, performance and results and speak only as of the date of this release.
Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to: material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations.
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SOURCE i-80 Gold Corp | https://www.wflx.com/prnewswire/2022/08/03/granite-creek-underground-drilling-intersects-high-grade-gold-mineralization/ | 2022-08-03T11:51:03Z | https://www.wflx.com/prnewswire/2022/08/03/granite-creek-underground-drilling-intersects-high-grade-gold-mineralization/ | true |
More Than 50 Titles Available to Play Instantly for New and Existing Owners of LG Smart TVs Operating webOS 5.0 or Higher in North America and Europe
ENGLEWOOD CLIFFS, N.J., Aug. 3, 2022 /PRNewswire/ -- LG Electronics USA is partnering with Google Stadia to offer three months of access1 to Stadia Pro for both new and existing LG Smart TV owners. This limited-time promotion is now available and applies to LG TVs2 operating webOS 5.0 or higher in the 22 countries3 where Stadia, Google's cloud gaming platform, is now available.
LG TV owners who claim their free Stadia Pro subscription gain instant access to more than 50 games, with new titles added every month, unique discounts on games and add-on content regularly offered. With Stadia Pro enabling up to 4K HDR graphics, 60 FPS gameplay and immersive 5.1 surround sound, LG Smart TVs are the perfect choice for avid players seeking the ultimate gaming experience without purchasing an expensive console or gaming PC.
The Stadia store also features over 250 popular games available to buy, including Cyberpunk 2077, Resident Evil Village, Assassin's Creed: Valhalla, Hitman 3 and Baldur's Gate 3, as well as access to a growing list of free games and demos, all playable with just a compatible controller — no game downloads or installs required.
Claiming this free Stadia Pro offer is quick and easy for LG Smart TV owners, who can simply find and click on the Stadia Pro offer within the LG Content Store. They can then scan a QR Code and begin the redemption process on their phone, using their unique code.4
Already a favorite among gamers worldwide, LG OLED TVs, LG's premium Smart TVs, are the ideal choice for playing first person shooters, real-time strategy titles, and racing games as they ensure immaculate HDR picture quality, deep blacks and precise colors courtesy of several million self-lit pixels. What's more, LG OLED's ultra-fast 0.1 millisecond response time and extremely low input lag without picture quality loss gives gamers the edge they need to win every time.
1 Offer available to new Stadia Pro subscribers. A valid form of payment is required to sign up, but you will not be charged during the first three months and you may cancel at any time – you must cancel before the three-month period expires or you will be charged for the fourth month. For how to manage your subscription, visit g.co/stadia/subscriptions.
2 Complete list of compatible TV models can be found here
3 Google Stadia is currently available in the United States, Canada, United Kingdom, France, Italy, Germany, Austria, Spain, Sweden, Switzerland, Denmark, Norway, Finland, Belgium, Ireland, Netherlands, Poland, Portugal, Czech Republic, Slovakia, Romania and Hungary.
4 Offer redeemable from Aug 3, 2022 to January 31, 2023. Deadline to claim this free Stadia Pro subscription offer varies by market. Terms and conditions apply. Consult LG's official country website for details.
About LG Electronics USA
LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a $63 billion global innovator in technology and manufacturing. In the United States, LG sells a wide range of innovative home appliances, home entertainment products, commercial displays, air conditioning systems, energy solutions and vehicle components. LG is 2022 ENERGY STAR® Partner of the Year-Sustained Excellence. The company's commitment to environmental sustainability and its "Life's Good" marketing theme encompass how LG is dedicated to people's happiness by exceeding expectations today and tomorrow. www.LG.com.
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SOURCE LG Electronics USA | https://www.wflx.com/prnewswire/2022/08/03/lg-partners-with-google-offer-three-months-stadia-pro-with-lg-tvs/ | 2022-08-03T11:51:55Z | https://www.wflx.com/prnewswire/2022/08/03/lg-partners-with-google-offer-three-months-stadia-pro-with-lg-tvs/ | false |
Revenue up 17% (21% in local currency1) to $5.3 billion; fee revenue1 grew 19% (23% in local currency) to $2.1 billion
CHICAGO, August 3, 2022 /PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) today reported operating performance for the second quarter of 2022 with diluted earnings per share of $3.90, up from $3.82 in the prior-year quarter, and adjusted diluted earnings per share1 of $4.48, up from $4.20 last year.
• Top-line expansion was broad-based as most segments achieved 20% or greater growth
° Higher deal volume in the Americas and EMEA led the 28% increase in Capital Markets fee revenue
° Strong leasing performance continued across several asset classes, driving 23% growth in Markets Advisory fee revenue
° Outsourcing wins and greater demand in Project Management contributed to the 19% increase in Work Dynamics fee revenue
• Incremental headcount and investments to support existing and future growth more than offset higher revenue
• Nearly $300 million of share repurchases this quarter, continuing the return of capital to shareholders
"JLL showed strong and resilient performance through the second quarter, with double-digit fee revenue growth across nearly all of our business lines," said Christian Ulbrich, JLL CEO. "We continue to see significant growth opportunities and intend to strategically invest in people and technology through the cycle in areas of our business which we believe will drive outperformance in the coming years. Our investment-grade balance sheet and free cash flow allow us to make these investments while continuing to return capital to shareholders."
The company achieved revenue and fee revenue increases of 21% and 23%, respectively, compared with the prior-year quarter. Year-over-year fee revenue growth was substantially all organic, broad-based across all segments, and led by transaction-based businesses within Markets Advisory and Capital Markets, which increased 23% and 28%, respectively. In addition, annuity-based businesses continued to deliver solid fee revenue growth as Workplace Management within Work Dynamics, for example, grew 15%. LaSalle's 23% increase in advisory fees was mostly offset by lower incentive fees. The following charts reflect revenue and fee revenue by segment for the current quarter, as well as the proportion of revenue and fee revenue growth by segment, compared with the second quarter of 2021.
Refer to segment performance highlights for additional detail.
Net income attributable to common shareholders for the second quarter was $193.9 million, compared with $200.0 million in 2021, and Adjusted EBITDA was $359.0 million, compared with $332.4 million last year.
Diluted earnings per share for the second quarter were $3.90, up from $3.82 in 2021; adjusted diluted earnings per share were $4.48, compared with $4.20 last year.
Adjusted EBITDA margin for the quarter, calculated on a fee-revenue basis, was 16.8% in USD (and 16.5% local currency), compared with 18.5% in 2021. The net decrease in margin was primarily due to higher compensation expense - including higher commissions and increased headcount - as well as higher T&E and marketing expenses as business normalizes compared with the prior-year quarter. These drivers more than offset the fee revenue growth.
Net income attributable to common shareholders was $339.5 million for the six months ended June 30, 2022, compared with $303.0 million last year, and Adjusted EBITDA was $632.6 million, compared with $522.5 million in 2021. Diluted earnings per share were $6.75 for the six months ended June 30, 2022, up from $5.80 in 2021; adjusted diluted earnings per share were $7.94, compared with $6.31 last year.
Cash Flows and Capital Allocation:
Free Cash Flow6 was an outflow of $626.3 million for the first half of 2022, compared with an outflow of $315.9 million in the prior year. The greater cash outflow was driven by higher annual incentive compensation paid in 2022, compared with 2021, partially offset by an increase in cash provided by earnings. Free Cash Flow was an inflow of $136.7 million for the second quarter of 2022, compared with an inflow of $180.5 million in the prior-year quarter. This lower cash inflow was primarily attributable to higher commission payments made in the current quarter.
In the second quarter of 2022, the company repurchased 1,397,915 shares for $297.7 million. Year to date, 2,013,266 shares were repurchased returning $447.7 million to shareholders, compared with 172,500 shares repurchased and $37.9 million of capital returned in the first half of 2021. As of June 30, 2022, approximately $1.3 billion remained authorized for repurchase under the share repurchase program.
Also in the second quarter of 2022, the company recognized a $10.5 million loss on the disposition of its Russia business. The loss is included in Other income (expense) on the Consolidated Statement of Operations and is excluded from adjusted EBITDA and adjusted diluted earnings per share.
Net Debt, Leverage and Liquidity6:
Total net debt was $1,575.9 million as of June 30, 2022, representing an increase of $244.7 million from March 31, 2022, and an increase of $927.4 million from June 30, 2021. The increase from March 31, 2022, primarily reflected share repurchase activity as discussed in the Capital Allocation section above.
The company's Net Leverage Ratio was 1.0x as of June 30, 2022, up from 0.8x as of March 31, 2022, and up from 0.6x as of June 30, 2021.
Corporate Liquidity was $1.9 billion as of June 30, 2022.
Markets Advisory revenue and fee revenue growth was led by Leasing, largely attributable to the U.S. (75% of the Leasing fee revenue increase on a local currency basis), a result of increases in average deal size and volume over the prior-year quarter. Specifically for the U.S., the industrial sector growth was due to larger average deal size, reflecting elevated demand with more limited supply, while the increase in the office sector was substantially due to higher deal volume. In addition to the increased revenues in the U.S., EMEA Leasing grew 42% versus the prior-year quarter, propelled primarily by growth in average transaction size within office.
Adjusted EBITDA margin for the quarter, calculated on a fee-revenue basis, was 15.7% in USD (15.6% in local currency), compared with 16.0% in 2021. The lower margin was primarily due to higher compensation expenses - driven largely by revenue producers achieving higher commission tiers earlier in 2022 compared with 2021 and additional headcount to meet increased business demand - and incremental T&E and marketing expenses. These drivers were partially offset by the increased revenue described above as well as the timing of non-commission incentive compensation accruals, reflecting changes in annual compensation plans from 2021 to 2022, which resulted in a lower percentage of expected full-year incentive compensation accrued this quarter compared with the prior year.
Capital Markets fee revenue growth was broad-based, led by increases in debt advisory and investment sales. Within Investment Sales, Debt/Equity Advisory and Other, nearly all major asset classes grew compared with prior-year quarter, notably in the retail, land and residential sectors. Higher Loan Servicing revenue was attributable to (i) continued growth of the servicing portfolio, particularly from loans originated under the Fannie Mae DUS program (approximately 55% of the increase) and (ii) incremental prepayment fees.
Adjusted EBITDA margin for the quarter, calculated on a fee-revenue basis, was 19.2% in USD (and 19.1% local currency), compared with 22.6% in 2021. The reduction in margin was primarily due to increased compensation expense from incremental headcount and higher commissions, and an increase in T&E and marketing expenses. These drivers were partially offset by the fee revenue growth described above and reductions in other variable compensation plans as a result of changes to the commission structures.
Revenue growth for Work Dynamics was led by the commencement of Workplace Management services for new client wins and expansion of existing global mandates, predominantly in the United States. Project Management also meaningfully contributed to revenue growth and led fee revenue growth for the segment, largely from higher project demand which is approaching pre-pandemic levels.
Adjusted EBITDA margin for the quarter, calculated on a fee-revenue basis, was 12.4% in USD (11.9% in local currency), compared with 12.5% in 2021. The slight margin contraction was attributable to incremental investments in people, consistent with the first quarter, and was substantially offset by the revenue increases described above.
JLL Technologies top-line growth included $8.3 million of incremental fee revenue from acquisitions closed in the second half of 2021. Organic fee revenue increased 22%, driven by new customers as well as growth from existing customers in software and solutions offerings.
Equity earnings in both years were attributable to valuation increases to JLL Technologies' investments in proptech funds and early to mid-stage proptech companies, primarily reflecting subsequent financing rounds at increased per-share values.
Adjusted EBITDA margin for the quarter, calculated on a fee-revenue basis, was 27.0% in USD (25.7% in local currency), compared with negative 4.6% in 2021. The margin expansion was due to higher equity earnings, partially offset by incremental compensation related to recent acquisitions and the continued ramp up of operations to support future growth.
LaSalle advisory fee growth was concentrated in core open-end funds, driven by strong capital raising and increases in fair value of assets under management over the trailing twelve months. Prior-year incentive fees, which did not reoccur in the current quarter, related to real estate dispositions on behalf of clients, predominantly in Asia Pacific.
Current quarter's equity earnings included a loss of $1.9 million due to negative share price movement for a co-investment in a LaSalle-managed publicly traded REIT in Japan, whereas the prior-year quarter reflected a $9.5 million gain related to the same investment. In addition, equity earnings in the prior-year quarter were also partially driven by the recovery of pandemic-driven valuation declines in 2020.
Adjusted EBITDA margin for the quarter, calculated on a fee-revenue basis, was 26.0% in USD (24.3% in local currency), compared with 44.2% in 2021. The margin contraction was primarily attributable to the decrease in equity earnings, which drove over 80% of the margin contraction, and lower incentive fees, partially offset by higher advisory fees and incremental advisory fee platform scale.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of June 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit ir.jll.com.
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Cautionary Note Regarding Forward-Looking Statements
Statements in this news release regarding, among other things, future financial results and performance, achievements, plans, objectives and shares repurchases may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties, and other factors, the occurrence of which are outside JLL's control which may cause JLL's actual results, performance, achievements, plans, and objectives to be materially different from those expressed or implied by such forward-looking statements. For additional information concerning risks, uncertainties, and other factors that could cause actual results to differ materially from those anticipated in forward-looking statements, and risks to JLL's business in general, please refer to those factors discussed under "Risk Factors," "Business," "Management's Discussion and Analysis of Financial Condition and Results of Operations," "Quantitative and Qualitative Disclosures about Market Risk," and elsewhere in JLL's filed Annual Report on Form 10-K for the year ended December 31, 2021, our Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, and other reports filed with the Securities and Exchange Commission. Any forward-looking statements speak only as of the date of this release, and except to the extent required by applicable securities laws, JLL expressly disclaims any obligation or undertaking to publicly update or revise any forward-looking statements contained herein to reflect any change in expectations or results, or any change in events.
JONES LANG LASALLE INCORPORATED
Financial Statement Notes
1. Management uses certain non-GAAP financial measures to develop budgets and forecasts, measure and reward performance against those budgets and forecasts, and enhance comparability to prior periods. These measures are believed to be useful to investors and other external stakeholders as supplemental measures of core operating performance and include the following:
(i) Fee revenue and Fee-based operating expenses,
(ii) Adjusted EBITDA attributable to common shareholders ("Adjusted EBITDA") and Adjusted EBITDA margin,
(iii) Adjusted net income attributable to common shareholders and Adjusted diluted earnings per share,
(iv) Percentage changes against prior periods, presented on a local currency basis, and
(v) Free Cash Flow.
However, non-GAAP financial measures should not be considered alternatives to measures determined in accordance with U.S. generally accepted accounting principles ("GAAP"). Any measure that eliminates components of a company's capital structure, cost of operations or investments, or other results has limitations as a performance measure. In light of these limitations, management also considers GAAP financial measures and does not rely solely on non-GAAP financial measures. Because the company's non-GAAP financial measures are not calculated in accordance with GAAP, they may not be comparable to similarly titled measures used by other companies.
Adjustments to GAAP Financial Measures Used to Calculate non-GAAP Financial Measures
Gross Contract Costs represent certain costs associated with client-dedicated employees and third-party vendors and subcontractors and are directly or indirectly reimbursed through the fees we receive. These costs are presented on a gross basis in Operating expenses with the equal amount of corresponding fees in Revenue. Excluding gross contract costs from both Fee revenue and Fee-based operating expenses more accurately reflects how the company manages its expense base and operating margins and also enables a more consistent performance assessment across a portfolio of contracts with varying payment terms and structures.
Net Non-Cash Mortgage Servicing Rights ("MSR") and Mortgage Banking Derivative Activity consists of the balances presented within Revenue composed of (i) derivative gains/losses resulting from mortgage banking loan commitment and warehousing activity and (ii) gains recognized from the retention of MSR upon origination and sale of mortgage loans, offset by (iii) amortization of MSR intangible assets over the period that net servicing income is projected to be received. Non-cash derivative gains/losses resulting from mortgage banking loan commitment and warehousing activity are calculated as the estimated fair value of loan commitments and subsequent changes thereof, primarily represented by the estimated net cash flows associated with future servicing rights. MSR gains and corresponding MSR intangible assets are calculated as the present value of estimated cash flows over the estimated mortgage servicing periods. The above activity is reported entirely within Revenue of the Capital Markets segment. Excluding net non-cash MSR and mortgage banking derivative activity reflects how the company manages and evaluates performance because the excluded activity is non-cash in nature.
Restructuring and Acquisition Charges primarily consist of: (i) severance and employment-related charges, including those related to external service providers, incurred in conjunction with a structural business shift, which can be represented by a notable change in headcount, change in leadership or transformation of business processes; (ii) acquisition, transaction and integration-related charges, including fair value adjustments, which are generally non-cash in the periods such adjustments are made, to assets and liabilities recorded in purchase accounting such as earn-out liabilities and intangible assets; and (iii) lease exit charges. Such activity is excluded as the amounts are generally either non-cash in nature or the anticipated benefits from the expenditures would not likely be fully realized until future periods. Restructuring and acquisition charges are excluded from segment operating results and therefore not a line item in the segments' reconciliation to Adjusted EBITDA.
Amortization of Acquisition-Related Intangibles, primarily composed of the estimated fair value ascribed at closing of an acquisition to assets such as acquired management contracts, customer backlog and relationships, and trade name, is more notable following the company's increase in acquisition activity in recent years. Such non-cash activity is excluded as the change in period-over-period activity is generally the result of longer-term strategic decisions and therefore not necessarily indicative of core operating results.
Gain or Loss on Disposition reflects the gain or loss recognized on the sale of businesses. Given the low frequency of business disposals by the company historically, the gain or loss directly associated with such activity is excluded as it is not considered indicative of core operating performance. In 2022, the $7.5 million net loss included $10.5 million of loss related to the disposition of the Russia business, partially offset by a $3.0 million gain related to a disposition within JLL Technologies. In 2021, the $12.0 million gain related to a business disposition within JLL Technologies during the first quarter of 2021.
Reconciliation of Non-GAAP Financial Measures
Below are reconciliations of (i) Revenue to Fee revenue and (ii) Operating expenses to Fee-based operating expenses:
Below is (i) a reconciliation of Net income attributable to common shareholders to EBITDA and Adjusted EBITDA, (ii) the Net income margin attributable to common shareholders (against Revenue), and (iii) the Adjusted EBITDA margin (presented on a local currency and on a fee-revenue basis). Following this is the (i) reconciliation to adjusted net income and (ii) components of adjusted diluted earnings per share.
Operating Results - Local Currency
In discussing operating results, the company reports Adjusted EBITDA margins and refers to percentage changes in local currency, unless otherwise noted. Amounts presented on a local currency basis are calculated by translating the current period results of foreign operations to U.S. dollars using the foreign currency exchange rates from the comparative period. Management believes this methodology provides a framework for assessing performance and operations excluding the effect of foreign currency fluctuations.
The following table reflects the reconciliation to local currency amounts for consolidated (i) revenue, (ii) fee revenue, (iii) operating income and (iv) Adjusted EBITDA.
2. As part of the last phase of the company's Beyond transformation, effective January 1, 2022, the company changed from its geographic-centric Real Estate Services segments of Americas, EMEA and Asia Pacific to global business line segments of Markets Advisory, Capital Markets, Work Dynamics and JLL Technologies. The company's real estate investment management business, LaSalle, continues as a reporting segment. Beginning with the first quarter of 2022, the company's financial results are presented on this basis. Comparable periods in 2021 have been recast to align with the new reporting structure.
3. Restructuring and acquisition charges are excluded from the company's measure of segment operating results, although they are included within consolidated Operating income calculated in accordance with GAAP. For purposes of segment operating results, the allocation of restructuring and acquisition charges to the segments is not a component of management's assessment of segment performance. The table below shows restructuring and acquisition charges.
4. The consolidated statements of cash flows are presented in summarized form. For complete consolidated statements of cash flows, please refer to the company's Form 10-Q for the quarter ended June 30, 2022, to be filed with the SEC in the near future.
5. As of June 30, 2022, LaSalle had $82.1 billion of real estate assets under management (AUM), composed of $39.6 billion invested in separate accounts, $38.3 billion invested in fund management vehicles and $4.2 billion invested in public securities. The geographic distribution of separate accounts and fund management investments was $29.1 billion in North America, $20.0 billion in the UK, $13.8 billion in Asia Pacific and $7.5 billion in continental Europe. The remaining $7.5 billion relates to Global Partner Solutions which is a global business line.
AUM increased 6% in USD (8% in local currency) from $77.8 billion as of March 31, 2022. The AUM increase resulted from (i) $3.9 billion of acquisitions, (ii) $3.1 billion of net valuation increases, partially offset by (iii) $1.1 billion of dispositions and withdrawals and (iv) $1.6 billion of foreign currency decreases.
Assets under management data for separate accounts and fund management amounts are reported on a one-quarter lag. In addition, LaSalle raised $1.4 billion in private equity capital for the quarter ended June 30, 2022.
6. "Net Debt" is defined as the sum of the (i) Credit facility, (ii) Long-term debt and (iii) Short-term borrowings liability balances less Cash and cash equivalents.
"Net Leverage Ratio" is defined as Net Debt divided by the trailing-twelve-month adjusted EBITDA.
"Corporate Liquidity" is defined as the unused portion of the company's Credit Facility plus cash and cash equivalents.
"Free Cash Flow" is defined as cash provided by operating activities less net capital additions - property and equipment.
"EMEA" is defined as Europe, Middle East and Africa.
7. n.m.: "not meaningful", represented by a percentage change of greater than 1,000%, favorably or unfavorably.
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We're searching for an ALDI-loving couple to say "I do" in our aisles and live Happily Ever ALDI
BATAVIA, Ill., Aug. 3, 2022 /PRNewswire/ -- Celebrating some of life's most important milestones with ALDI has become an ALDI thing among our biggest fans. In fact, they've shown their #ALDILove with ALDI-themed marriage proposals, engagement photos, birthdays and even baby showers. Now, one lucky couple will have the chance to get married in our aisles with the ALDI-themed wedding of their dreams. But before we start popping bottles of Belletti Prosecco in their honor, we need to find the perfect pair.
"Every time our shoppers include us in one of their big moments, we feel the #ALDILove," said Kate Kirkpatrick, Director of Communications at ALDI USA. "We're showing our #ALDILove in return by giving one crazy-in-love-with-ALDI couple an opportunity to celebrate the ultimate life milestone with us."
Save the date for a chance to say "I do"
For a chance to say "I do" in our store, couples can visit us at Happily Ever ALDI** from Aug. 3 through Aug. 17 to tell us what makes their love story special and why they deserve to be the first couple ever to be married at ALDI. By entering, they'll be one step closer to tying the knot on a special ALDI Finds Wednesday surrounded by up to 50 friends and family.
An ALDI-insider wedding location fit for a superfan
The wedding party will get a behind the scenes look at the ALDI Insights Center, our model store at ALDI US HQ in Batavia, Illinois. We're transforming the whole space to be wedding-ready for the event, which will be officiated by an ALDI employee. There will even be a romantic photoshoot in front of a store to kickstart a lifetime of memories.
Happily Ever ALDI
After our winning couple says, "I do," we'll keep the party going with even more unique touches. We'll host a reception for the newlyweds flowing with ALDI food and beverages, including a branded tiered wedding cake baked with Baker's Corner ingredients and appetizers such as our famous mini Red Bag Chicken sliders. And we'll wrap up the event with custom wedding favors. The final gift from ALDI? Groceries for a year*** to remind the newlyweds that they're never far from our hearts.
Best wishes
We're so thankful that couples across the country choose ALDI to be part of their every day, and we'd be honored to be part of their big day, too. Find out more about the Happily Ever ALDI contest at aldi.us/happilyeveraldi.
About ALDI U.S.
ALDI is one of America's fastest-growing retailers, serving millions of customers across the country each month. With 2,200 stores across 38 states, ALDI is on track to become the third-largest grocery retailer by store count by the end of 2022. When it comes to value, ALDI won't be beat on price. ALDI has also been No. 1 for price according to the Dunnhumby Retailer Preference Index Report for five years running. Since 1976, ALDI has offered a unique shopping experience where customers never have to compromise on quality, selection or value. In fact, 1 in 3 ALDI-brand products are award-winning.* Customers can save time and money by conveniently shopping in-store or online at shop.aldi.us. ALDI also proudly serves as a Feeding America Leadership Partner, donating 30 million pounds of food each year in an effort to end hunger in America. For more information about ALDI, visit aldi.us.
*As of February 2022, based on a survey of everyday, nationally distributed ALDI-exclusive branded products (excluding produce).
**NO PURCHASE NECESSARY. Contest is open to individuals who are age 21 or older and are legal residents of the following states: AL, AR, AZ, CA, CT, DC, DE, FL, GA, IA, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, MS, NC, ND, NE, NH, NJ, NY, OH, OK, PA, RI, SC, SD, TN, TX, VA, VT, WI and WV. Void outside these geographic areas and where prohibited. Entrants must be engaged to be married at least one (1) month prior to entry and must be willing to be married on 11/9/22. Each Entrant and their partner must be eligible to be legally married in Kane County, IL. Contest starts at 12:00:01 AM ET on 8/3/22; ends at 11:59:59 PM ET on 8/17/22 or when 500 entries are received, whichever occurs first. For full Official Rules, visit aldi.us/happilyeveraldi. Sponsor: ALDI, Inc., 1200 N. Kirk Road, Batavia, IL 60510.
***Groceries for a year prize to be awarded as $5,000 in ALDI gift cards.
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Democratic gubernatorial candidate Chris Jones said Tuesday that he supports the Responsible Growth Arkansas committee’s proposed constitutional amendment that would legalize recreational marijuana in Arkansas.
Jones said ballot initiatives elevate the voices of Arkansans, who have made important decisions when given the opportunity to do so. The recreational marijuana ballot initiative is no different and it is a chance for Arkansas to lead the South, Jones said.
“I support the thoughtful decriminalization and legalization of marijuana and I support the Arkansas Marijuana Legalization Initiative on the ballot this November 8, ” Jones said in a written statement.
According to the secretary of state’s office, the Responsible Growth Arkansas committee has turned in the required number of valid signatures of registered voters to move its proposed constitutional amendment one step closer to appearing on the Nov. 8 general election ballot.
The state Board of Election Commissioners still must approve the proposed constitutional amendment’s proposed popular name and ballot title before the proposal qualifies for the ballot. The board is scheduled to consider taking action on the proposal this afternoon.
The Responsible Growth Committee’s proposed amendment would allow the issuance of adult-use cannabis cultivation and dispensary licenses to businesses that already hold licenses under the state’s medical marijuana program, and an additional 40 licenses chosen by a lottery.
It would limit the sale of cannabis to people 21 or older, prohibit advertising and packaging designed to appeal to children and would not not allow for homegrown cannabis. It would restrict the number of cannabis licenses statewide.
Jones said that “regardless of what one thinks personally about the prospect of legal recreational marijuana, the revenue created by this ballot initiative would support general fund investments that can unlock the potential of Arkansas — in areas like education starting with preschool, infrastructure starting with broadband, and economic development starting with jobs — while supporting the state drug court program, UAMS and law enforcement.” No matter the outcome of the vote, he said there is a great need to address the problematic social justice issues that are the direct result of the criminalization of marijuana.
“These critical issues can be solved if we come together and focus on solutions that benefit all Arkansans,” said Jones, of Little Rock. “That’s what I hope to do as governor.” Libertarian gubernatorial candidate Ricky Dale Harrington Jr. of Pine Bluff said Tuesday that he supports the Responsible Growth Arkansas committee’s proposed ballot measure that would legalize recreational marijuana as well.
But he said he wishes the Responsible Growth Arkansas committee’s proposal was “a little more open to get into that business.” He said he preferred the Arkansas True Grass committee’s proposal that would not have capped the number of cannabis businesses in the state and would have automatically released people who are incarcerated solely because of a marijuana-related charge. The committee is likely to resurrect its proposal in 2024.
Republican gubernatorial candidate Sarah Huckabee Sanders of Little Rock hasn’t announced her position on the Responsible Growth Arkansas committee’s proposed ballot measure that would legalize recreational marijuana.
Last month, Republican Gov. Asa Hutchinson said he opposes the legalization of marijuana.
“The biggest challenge with the legalization of marijuana is that it dramatically increases marijuana use and the harm that goes with it,” he said. “Also, I do not support a measure that would directly violate federal law.” Hutchinson served as administrator of the U.S. Drug Enforcement Administration from 2001 to 2003 under President George W. Bush. | https://www.arkansasonline.com/news/2022/aug/03/democrat-backs-bid-to-legalize-cannabis/ | 2022-08-03T12:04:27Z | https://www.arkansasonline.com/news/2022/aug/03/democrat-backs-bid-to-legalize-cannabis/ | true |
The company is the first window and door manufacturer to be recognized by Fast Company
PELLA, Iowa, Aug. 3, 2022 /PRNewswire/ -- How does a 97-year-old window and door manufacturer in Iowa earn world-wide recognition for innovation? By empowering employees to think, work and create with the future in mind. Pella Corporation has been recognized by Fast Company as one of nine 2022 Best Workplaces for Innovators in the U.S. This is the second Fast Company innovation award of 2022 for Pella, following their earlier ranking of No. 8 Most Innovative Design Companies. Pella is the first in the window and door industry to be named to either list.
"We've found innovation success by placing our consumers, and customers at the center of our design process. By focusing on them, we can discover what they love, desire, and have as unmet needs. Their feedback is critical in helping us deliver meaningful innovations to the market," said Jenn Tuetken, Sr. Manager of Innovation and Design at Pella. "This award is also a clear testament to the exceptional talent and spirit of innovation within our organization."
Pella has long embraced a culture of innovation, amassing more than 150 product and design patents in its 97-year history. True to its roots, the company has also been recognized as No. 1 in Innovation by homeowners across the country*.
The manufacturer was recognized by Fast Company in part for its commitment to a culture of innovation, and for their most recent innovations that focus on incorporating universal design principals, convenience, and modern aesthetics into their window and door offering. In the last several years the company has added a dedicated innovation lab and nearly a dozen dedicated cross-functional team members to lead their innovation efforts.
To learn more about a career at Pella visit, pella.com/about/careers/.
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.
Accenture is a leading global professional services company, providing a broad range of services and solutions in strategy, consulting, digital, technology, and operations. Combining unmatched experience and specialized skills across more than 40 industries and all business functions—underpinned by the world's largest delivery network—Accenture works at the intersection of business and technology to help clients improve their performance and create sustainable value for their stakeholders. With 482,000 people serving clients in more than 120 countries, Accenture drives innovation to improve the way the world works and lives. Visit us at www.accenture.com.
Pella Corporation designs and manufactures windows and doors for residential homes and commercial applications. The company is headquartered in Pella, Iowa and employs approximately 9,500 people with 18 manufacturing locations and more than 200 showrooms across the country. For more information, visit pressroom.pella.com.
*Study of homeowner perceptions of leading national brands. Study commissioned by Pella, 2019.
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With back to school shopping happening now and fall being right around the corner, many of us will be looking to refresh our wardrobe for the new season. If you've got a few special events lined up for the end of summer, you may need new clothes even sooner. Fortunately, buying a chic new outfit doesn't have to break the bank.
There are many online stores that offer stylish tops, dresses, jeans and more for affordable prices. Since we're all about helping you with all your shopping needs, we picked out a few stores that are worth being on your radar.
For instance, if you're looking for easy breezy dresses that can help beat the heat this summer, we recommend checking out what Cupshe has to offer. The brand already has affordable prices regularly, so you're guaranteed to find an incredible deal whenever they have sales. Right now, they have deals up to 80% off during their back to school sale. Not only that, you can also take an additional 12% off plus score free shipping with no minimum purchase on your first order. It's a great sale to shop if you want to add some cute new items to your closet, but it's not the only one.
We've rounded up some of the best online stores that offer cute and cheap clothing, many of which are having sales right now. Check those out below.
Amazon
Whether you need sweaters, dresses, hats or bags, Amazon has everything you need and more at affordable prices. We recommend keeping an eye on their Best-Sellers and Movers and Shakers sections to keep up with the best deals and latest styles. One trending piece that's been consistently in the best-sellers list is this chic $26 halter neck bodysuit with 16,000 five-star reviews. Since Amazon's fashion section can overwhelming, we rounded up 72 internet-famous fashion finds that you can check out here.
Cider
Cider is described as a "globally-minded, social-first fashion brand" that makes stylish clothing for the new generation. Their clothes are very affordable with most items being under $50. Their clothing is available in regular, curve and plus sizes.
Right now, they retailer is holding a summer clearance sale where you can score deals up to 70% off, and so many items are even on sale for under $10.
H&M
H&M is such a great place to shop if you're looking for basics for the latest trends. Plus, there are a ton of regular priced items under $50 or even $20. So you don't have to wait for a major sale to shop a cute new outfit.
Lulus
Lulus has a wide variety of stylish tops, dresses, shoes and more that look much more expensive than they actually are. It's a great store to shop for special occasion dresses if you're on a budget. Plus, their sale section is really good with a lot cute finds for under $50. If you're a student, Lulus offers student discounts of 10% off.
Halara
Halara, the brand behind TikTok's favorite tennis skirt, has a ton of great deals on activewear and more daily. They even run several promos at a time, which are worth taking advantage of. For instance, they're having a summer sale right now where you can score deals up to 80% off, as well as a buy one, get one free sale on select bras, shorts, leggings and more.
Cupshe
Cupshe should be one of your go-to sites for cute clothing because they're not only affordable at regular price, they also offer incredible sales throughout the year. Right now, they're holding their back to school sale with deals up to 80% off. That sexy and adorable dress below is on sale for just $15!
Francesca’s
Francesca's has all kinds of clothing and accessories for affordable prices. If you love the boho styles, it's a site you'll definitely want to check out. Right now they're even holding their back to school sale where you can save up to 50% off with the purchase of four or more items. One item we have our eye on is this chic colorblock sweater that's on sale for $32.
Nordstrom Rack
If you want to score some great deals on top brands like Free People, Madewell, and Good American, Nordstrom Rack is the place to shop. While you ca find discounts site wide, their sale section will score you the biggest savings. For instance, we found these $100 Tahari skinny jeans for just $15. Throughout the year, they even hold a Clear the Rack event where you can save even more on clearance items.
Target
Target has some good quality clothing for cheap, especially if you shop their exclusive brands like A New Day or Universal Thread. Plus, most of their clothes are under $50 like this stylish perfect-for-fall cardigan for $28.
ASOS
ASOS is another store that offers items from top fashion brands like Nike, Levi's and Free People, but they offer their own styles as well. It's a great site to have on your radar because they're always having sales. For instance, there's a back to school sale going on where everything is 20% off.
American Eagle
American Eagle has all the casual and cool styles you need at reasonable prices. Their jeans and leggings in particular are shopper favorites. Right now, they're holding a clearance sale where you can find deals up to 70% off.
Old Navy
Old Navy is another store that offers cute clothing and has incredible sales all the time. In fact, all jeans are on sale now with prices starting at $18. Plus, their sale section has some really good under $20 steals you definitely want to take advantage of.
Wondering which stores always offer free shipping? Check out our roundup here. | https://www.eonline.com/news/1340518/where-to-buy-cute-cheap-clothing-online?cmpid=rss-000000-rssfeed-365-topstories&utm_source=eonline&utm_medium=rssfeeds&utm_campaign=rss_topstories | 2022-08-03T12:09:05Z | https://www.eonline.com/news/1340518/where-to-buy-cute-cheap-clothing-online?cmpid=rss-000000-rssfeed-365-topstories&utm_source=eonline&utm_medium=rssfeeds&utm_campaign=rss_topstories | false |
Notably, the National Centre for Disease Control in Delhi has also started testing samples for detecting Monkeypox as ICMR-NIV is sharing reagents with NCDC and with a network of 15 laboratories spread across the country.
New Delhi: A day after a 35-year-old man of African origin with no recent history of foreign travel tested positive for Monkeypox in Delhi thereby taking the total count to 8 in the country, a top scientist has said that Indian Council of Medical Research's (ICMR) Viral Research and Diagnostic Laboratories (VRDL) has tested about a 100 samples till Wednesday morning.
Speaking to today, Dr Pragya Yadav, a senior scientist at ICMR-NIV, Pune said, "Till August 2 morning, we have tested approximately 100 samples at ICMR-NIV Pune and VRDL."
Notably, the National Centre for Disease Control in Delhi has also started testing samples for detecting Monkeypox as ICMR-NIV is sharing reagents with NCDC and with a network of 15 laboratories spread across the country.
"There are 15 Virus research and diagnostic laboratories (VRDLs) trained to undertake the diagnostic testing with ICMR -NIV Pune. We have shared reagents to NCDC, Delhi and AIIMS Delhi for performing testing. ICMR-NIV, Pune is a nodal center for testing and coordination," said Dr Pragya Yadav.
Upon being questioned whether samples are still pending for testing, she said, "We do not have any samples pending for testing as of now. Sample testing is a continuous process and it is being processed."
"Samples are collected on the basis of guidelines issued by the Union Health Ministry," she said
Upon being asked whether ICMR- NIV has isolated the virus and what is the next step that it is most likely to take to control the spread of the virus, Dr Pragya further opined, "Isolation of Monkeypox virus is carried out in Vero cells using the clinical specimens of Monkeypox virus positive confirmed case."
"To characterize further, Monkeypox virus isolates in cell culture and animal model. To develop indigenous serological assays for Monkeypox diagnosis and for sero-surveillance studies and to develop a vaccine candidate and assess its immunogenicity in animal models."
On surveillance, she said, "VRDL network is already strengthened to undertake the surveillance as well as a differential diagnosis of the suspected cases."
India's monkeypox tally touched eight on Tuesday with two more cases being confirmed -- one in Kerala and the other in Delhi.
The case in Kerala is of a 30-year-old man who returned last week from the UAE. The state's Monkeypox tally has now touched five. Notably, all 5 of them have a history of travel to the UAE. | https://health.economictimes.indiatimes.com/amp/news/industry/icmr-niv-pune-vrdls-conduct-approx-100-sample-tests-for-monkeypox/93324730 | 2022-08-03T12:09:12Z | https://health.economictimes.indiatimes.com/amp/news/industry/icmr-niv-pune-vrdls-conduct-approx-100-sample-tests-for-monkeypox/93324730 | true |
FactSet Research Systems Inc. with ticker code (FDS) have now 11 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 475 and 338 with the average target price sitting at 421.77. Now with the previous closing price of 422.8 this would indicate that there is a downside of -.2%. The 50 day MA is 386.66 and the 200 moving average now moves to 420.03. The company has a market cap of $15,986m. Visit the company website at: https://www.factset.com
The potential market cap would be $15,947m based on the market concensus.
You can now share this on Stocktwits, just click the logo below and add the ticker in the text to be seen.
FactSet Research Systems Inc., a financial data and analytics company, provides integrated financial information and analytical applications to the investment community in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company delivers insight and information through the workflow solutions of research, analytics and trading, content and technology solutions, and wealth. It serves portfolio managers, investment banks, asset managers, wealth advisors, corporate clients, and other financial services entities. FactSet Research Systems Inc. was founded in 1978 and is headquartered in Norwalk, Connecticut. | https://www.directorstalkinterviews.com/factset-research-systems-inc.---consensus-indicates-potential--.2-downside/4121075813 | 2022-08-03T12:09:30Z | https://www.directorstalkinterviews.com/factset-research-systems-inc.---consensus-indicates-potential--.2-downside/4121075813 | false |
New Delhi: With rising cases of monkeypox in the country, the Union health ministry on Wednesday released a list of dos and don'ts to avoid contracting the disease.It also underlined that anyone can catch the virus if they have had prolonged or repeated contact with an infected individual.
Among the dos, the ministry advised isolating the infected person from others so that the disease does not spread, use of hand sanitisers, or washing hands with soap and water, covering mouth with masks and hands with disposable gloves when close to a patient, and using disinfectants to sanitise the environment around.
The don'ts state avoid sharing linen, beddings, clothes, towels, among others, with people who have tested positive for the infection.
The ministry advised not to wash soiled linen or laundry of patients and those of non-infected persons together, and avoid public events even if you only exhibit symptoms of the disease.
"Do not stigmatise people who have contracted the virus, and suspected patients as well. Also, do not believe any rumour or misinformation," it said.
Meanwhile, a task force on monkeypox has been constituted to closely monitor the emerging situation in the country and decide on response initiatives to tackle the spread of the disease.
It will also provide guidance to the government on expansion of diagnostic facilities in the country and explore emerging trends related to vaccination for the disease, official sources had told the media agency.
The World Health Organisation (WHO) had recently declared monkeypox a global public health emergency of international concern.
According to WHO, monkeypox is a viral zoonosis -- a virus transmitted to humans from animals -- with symptoms similar to smallpox although clinically less severe.
Monkeypox typically manifests itself with fever, rash and swollen lymph nodes and may lead to a range of medical complications. It is usually a self-limited disease with symptoms lasting for two to four weeks.
The 'Guidelines on Management of Monkeypox Disease' issued by the Centre stated that human-to-human transmission occurs primarily through large respiratory droplets generally requiring prolonged close contact.
It can also be transmitted through direct contact with body fluids or lesions, and indirect contact with lesion material such as through contaminated clothing or linen of an infected person. Animal-to-human transmission may occur by bite or scratch of infected animals or through bushmeat preparation.
The incubation period is usually from six to 13 days and the case fatality rate of monkeypox has historically ranged up to 11 per cent in the general population and higher among children. In recent times, the case fatality rate has been around 3 to 6 per cent.
The symptoms include lesions which usually begin within one to three days from the onset of fever, lasting for around two to four weeks and are often described as painful until the healing phase when they become itchy.
A notable predilection for palm and soles is characteristic of monkeypox, the guidelines stated. | https://health.economictimes.indiatimes.com/amp/news/policy/health-ministry-releases-dos-and-donts-to-prevent-contracting-monkeypox/93321913 | 2022-08-03T12:09:45Z | https://health.economictimes.indiatimes.com/amp/news/policy/health-ministry-releases-dos-and-donts-to-prevent-contracting-monkeypox/93321913 | false |
Southend United are mocked for selling naming rights for West Stand to estate agents Gilbert and Rose -meaning it will now be called the Gilbert and Rose West Stand
- Estate agents Gilbert and Rose have become sponsors of Southend's west stand
- This means it is now called the Gilbert and Rose West Stand at the stadium
- Rose West and her husband Fred tortured and murdered women and children
- West will spend rest of her days in prison while Fred took his own life in his cell
Southend United have been mocked for selling the naming rights for the West Stand to estate agents Gilbert and Rose.
This means fans will now sit in the Essex Roots Hall Football Stadium in what is now called the Gilbert and Rose West Stand.
Social media users drew comparisons with Rose West who is still in prison for murdering and torturing at least 10 young women and girls.
The first person to spot the interesting name choice, wrote: 'Only Southend United could have a sponsor for the West Stand called Gilbert and Rose, inevitably leading to the Gilbert and Rose West Stand.'
The serial killer tortured and abused lodgers, babysitters, children, with her husband Fred West as well as strangers they picked up off the street before burying them in the cellar or under the patio of their home in Gloucester dubbed 'the house of horrors'.
Gilbert and Rose claim they thought the 3,337-capacity stand would be named the G & R West Stand. The estate agents said it will be discussing it with Southend United in a planned meeting - but they insist the name is up to the club.
Serial killer Rose West tortured and abused lodgers, babysitters, children, with her husband Fred West (the couple pictured together) as well as strangers they picked up off the street before burying them in the cellar or under the patio of their home in Gloucester dubbed 'the house of horrors'.
Southend United have been mocked for selling the naming rights for the West Stand to estate agents Gilbert and Rose. Pictured: A stand at the football club on match day
This means fans will now sit in the stadium in what is now called the Gilbert and Rose West Stand
The Gilbert and Rose West Stand is featured on season ticket cards and the club's website so it could be costly for the National League club.
Writing on Twitter a Southend United fan said: 'I went this morning and a very helpful young man served me.
'I was surprised that he didn't know about Rose West who we have named the stand after.'
Iain Macintosh, Managing Editor, Audio at the Athletic UK, said: 'I think we're about to discover if the maxim 'all publicity is good publicity' is true or not.'
Another person all said 'it took them a while to get it' but realised it when they referred to Rosemary's husband Fred.
One person also said: 'Good job they weren't called Fred and Rose estate agents.'
However the club refused to comment on the unfortunate name and instead simply said they were excited to be working with the estate agents.
Director Perry Rose from Gilbert and Rose did say: 'It's a complete coincidence. I think we thought it was going to be called the G & R Stand but this was no marketing ploy from Southend or ourselves.
'It was the only stand available. We've got Gilbert and Rose right across the top and it is the west stand, but they could call it the Gilbert and Rose Stand, they don't have to call it the West Stand.
'I saw the comparison through my friend's football group chat because he's a season ticket holder and he sent it through to me.
'We're going to have a chat with the club and see what they want to do.
'It's a name and nothing more. We just want to concentrate on getting locals into the ground and make sure Southend goes up this year, that's the main goal.'
Gilbert and Rose have pledged to give tickets to local schools every home game as part of the deal.
Rosemary, now 68, remains in prison while her husband, who confessed the killings, took his on life in his cell while on remand at HMP Birmingham on New Year's Day, 1995.
The pair even killed their eldest daughter Heather in June 1987.
Other victims included Alison Chambers, 16, Shirley Robinson, 18, Juanita Mott, 18, Shirley Hubbard, 15, Theresa Siegnethaler, 21, Lucy Partington, 21, Carol Ann Cooper, 15, Lynda Gough, 19, Rena Costello (Fred's ex-wife), 27, Charmaine West (Fred's daughter), 8, and Anne McFall, 18.
Fred is also believed to have also killed 15-year-old Mary Bastholm, although her remains have never been found.
With her sentence confirmed as whole-life tariff, and with Rose having long ago decided not to appeal, it means the only way West will leave prison is in a coffin.
She is believed to enjoy a middle class life at HMP Low Newton, in County Durham.
It was reported by the Daily Mail in 2017 that she has her own en-suite cell, complete with curtains at the window, a 'fluffy rug' on the floor and a coffee machine, TV and radio.
She is also said to listen to the Archers, entertain other prisoners, teaching them how to cross-stitch (an elaborate form of embroidery), playing Monopoly, or giving one another foot massages. According to sources in the jail, West likes to see herself as the prison matriarch.
'She is always very welcoming to new convicts and often befriends some of the harder cases coming into the prison,' said a second source.
'Despite her years in prison, she has always maintained her innocence and encourages others to fight their cases if they also claim they are not guilty.
'She sees herself as a barrack-room lawyer and will spend a lot of time helping people with legal problems.' | https://www.dailymail.co.uk/news/article-11076535/Southend-United-mocked-selling-rights-West-Stand-estate-agents-Gilbert-Rose.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-03T12:10:27Z | https://www.dailymail.co.uk/news/article-11076535/Southend-United-mocked-selling-rights-West-Stand-estate-agents-Gilbert-Rose.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | true |
SHANGHAI, Aug. 3, 2022 /PRNewswire/ -- Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU), a leading technology-empowered personal financial services platform in China, today announced that it plans to release its second quarter 2022 financial results after the market closes on Thursday, August 4, 2022 U.S. Eastern Time.
The Company's management will hold an earnings conference call at 9:00 P.M. U.S. Eastern Time on Thursday, August 4, 2022 (9:00 A.M. Beijing Time on Friday, August 5, 2022) to discuss the financial results. For participants who wish to join the call, please complete online registration using the link provided below in advance of the conference call. Upon registering, each participant will receive a participant dial-in number, the Direct Event passcode, and a unique access PIN, which can be used to join the conference call.
Registration Link: https://ige.netroadshow.com/registration/q4inc/11391/lufax-holding-ltd-second-quarter-2022-earnings-conference-call/
A replay of the conference call will be accessible through August 11, 2022 (dial-in numbers: +1 (866) 813-9403 or +1 (226) 828-7578; replay access code: 311080). A live and archived webcast of the conference call will also be available at the Company's investor relations website at https://ir.lufaxholding.com.
About Lufax
Lufax Holding Ltd is a leading technology-empowered personal financial services platform in China. Lufax Holding Ltd primarily utilizes its customer-centric product offerings and offline to-online channels to provide retail credit facilitation services to small business owners and salaried workers in China as well as tailor-made wealth management solutions to China's rapidly growing middle class. The Company has implemented a unique, capital-light, hub-and spoke business model combining purpose-built technology applications, extensive data, and financial services expertise to effectively facilitate the right products to the right customers.
Investor Relations Contact
Lufax Holding Ltd
Email: Investor_Relations@lu.com
ICR, LLC
Robin Yang
Tel: +1 (646) 308-0546
Email: lufax.ir@icrinc.com
View original content:
SOURCE Lufax Holding Ltd | https://www.wbrc.com/prnewswire/2022/08/03/lufax-announce-second-quarter-2022-financial-results-august-4-2022/ | 2022-08-03T12:12:49Z | https://www.wbrc.com/prnewswire/2022/08/03/lufax-announce-second-quarter-2022-financial-results-august-4-2022/ | false |
Here's when the next OPPO Watch might debut with a Snapdragon W5 Gen 1 SoC
By Jay Bonggolto published
The OPPO Watch 3 could be the first Snapdragon W5 Gen 1-powered smartwatch.
What you need to know
- A new rumor claims that the OPPO Watch 3 series will make its debut on August 10.
- The smartwatch will be powered by a Snapdragon W5 Gen 1 chipset.
- OPPO's next wearable device appears to have the same square design as its predecessor, but with a higher screen-to-body ratio.
OPPO's next smartwatch has been rumored to make its debut on August 10, powered by Qualcomm's Snapdragon W5 Gen 1 chipset, according to a new rumor.
Chinese blog site Digital Chat Station (opens in new tab) has spilled the beans on the launch date of the OPPO Watch 3 and Watch 3 Pro (via GSMArena (opens in new tab)). The purported date sounds plausible, seeing as Qualcomm recently confirmed that the OPPO Watch 3 will come out in August. The announcement was made during the Snapdragon W5 Gen 1 unveiling in July.
If the rumor is correct, OPPO's upcoming smartwatch series will be the first to include Qualcomm's latest platform for wearables. It comes in two versions: the Snapdragon W5 Gen 1 and Snapdragon W5+ Gen 1.
The platform promises 50% longer battery life and double the performance, while being 30% smaller than the Snapdragon Wear 4100 platform. This means that OPPO's upcoming wearables will be on par with many of the best Android smartwatches, such as the TicWatch E3.
But more importantly, the rumored launch date suggests that OPPO intends to steal the spotlight from Samsung's Galaxy Unpacked event, where the Galaxy Watch 5 series will also debut alongside the company's next foldable phones and earbuds.
Digital Chat Station also showed off unofficial renders that give us our best look yet at the upcoming smartwatch series in all its glory. The renders reveal a square design that doesn't seem too different from the OPPO Watch 2. That said, it's noticeable that the OPPO Watch 3 has a higher screen-to-body ratio than its predecessor.
In terms of specs, rumors had it that the OPPO Watch 3 will include ECG monitoring and an LTPO screen. The smartwatch is supposed to ship in black, silver, dark gray, and light gold color variants.
Jay Bonggolto always keeps a nose for news. He has been writing about consumer tech and apps for as long as he can remember, and he has used a variety of Android phones since falling in love with Jelly Bean. Send him a direct message via Twitter or LinkedIn.
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There was a problem. Please refresh the page and try again. | https://www.androidcentral.com/wearables/oppo-watch-3-tipped-to-debut-on-august-10 | 2022-08-03T12:14:14Z | https://www.androidcentral.com/wearables/oppo-watch-3-tipped-to-debut-on-august-10 | true |
NEW MEXICO (KRQE) –New Mexico voters now have their personal information posted online, for anyone to look at. New Mexico Secretary of State Maggie Toulouse Oliver tried to stop that from happening, but lost a legal battle against an out-of-state conservative group called the voter reference foundation.
The group’s website says they are are dedicated to “transparent elections” and that’s why they posted 1.3 million New Mexico voters information on their site. However, Toulouse Oliver says she doesn’t see how the information they posted would help meet that. “Maybe they’re in law enforcement, maybe they’re in the judiciary, right? They need that extra level of protection for their information, so these are the things we’re deeply concerned about and trying to protect,” Toulouse Oliver said.
While voter information has always been public in a way, political parties can request that information, Toulouse Oliver says having it posted online for anyone to see is a completely different issue. She says they are considering appealing the federal judge’s ruling, but they are also working on a solution at the state level. She says this issue could come up in January’s legislative session. | https://www.krqe.com/news/politics/new-mexico-voters-information-is-now-posted-online/ | 2022-08-03T12:15:01Z | https://www.krqe.com/news/politics/new-mexico-voters-information-is-now-posted-online/ | true |
(The Hill) – President Joe Biden on Wednesday will sign an executive order directing the Department of Health and Human Services (HHS) to consider using Medicaid to pay for expenses for those who cross state lines to seek abortions.
The executive order will direct HHS “to consider action to advance access to reproductive healthcare services, including through Medicaid for patients who travel out of state for reproductive healthcare services,” according to a White House fact sheet released on Wednesday.
The executive order will be the second that Biden has signed since the conservative Supreme Court struck down Roe v. Wade, the landmark abortion ruling, in June. Biden has been under pressure to take more aggressive actions to support abortion access as various states move to restrict the procedure following the ruling.
A senior Biden administration official told reporters that the action would require states where abortion is legal to apply for Section 1115 Medicaid waivers to provide services for women crossing state lines for abortions.
The White House did not specify what costs Medicaid could potentially cover. Another senior administration official told The Hill that HHS would soon provide more information on what a waiver could look like, saying it would help “cover certain costs” and largely target low-income women who receive Medicaid.
Medicaid funds could not be used to pay for abortions themselves because the Hyde Amendment prohibits the use of federal funds to pay for most abortions.
Biden will sign the new order Wednesday afternoon at the first meeting of a reproductive healthcare access interagency task force set up by his previous executive order. Vice President Harris, Health and Human Services Secretary Xavier Becerra, Attorney General Merrick Garland and other administration officials are scheduled to attend.
Biden is supposed to tune into the meeting virtually, as he is still isolating following a rebound infection of COVID-19.
The latest order will also instruct HHS to consider providing technical assistance and other actions to make sure healthcare providers comply with non-discrimination laws in the wake of the ruling striking down Roe, according to the White House fact sheet.
Additionally, the order directs HHS to improve federal research and data collection in order to evaluate the impact that the striking down of Roe is having on maternal health, the fact sheet said.
The executive order is likely to be well-received by those asking the administration to take more forceful action on abortion access.
However, the Biden administration has thus far resisted calls from some Democrats to declare a public health emergency exists with respect to abortion access.
The first senior administration official said that the White House continues to review options to protect access to abortion services, but suggested that such a declaration would not yield much in the way of additional resources or legal authority.
A number of states have moved to enact restrictions on abortion following the ruling striking down Roe. On Tuesday, the Justice Department filed a lawsuit challenging Idaho’s six-week abortion ban in its first legal action since the Supreme Court’s ruling. | https://cbs4indy.com/news/national-world/biden-will-order-hhs-to-consider-using-medicaid-to-support-women-seeking-abortions-across-state-lines/ | 2022-08-03T12:16:04Z | https://cbs4indy.com/news/national-world/biden-will-order-hhs-to-consider-using-medicaid-to-support-women-seeking-abortions-across-state-lines/ | false |
PHOENIX (AP) — An Arizona lawmaker who embraces election conspiracies and was endorsed by former President Donald Trump won the Republican primary Tuesday for the top elections post in the presidential battleground.
Mark Finchem beat out three other GOP candidates in the race for secretary of state. His challengers included another candidate who repeated Trump’s false claims that he lost the 2020 presidential election because of fraud, a longtime state lawmaker and a businessman endorsed by Republican Gov. Doug Ducey.
Democrats and election security advocates warned that a victory for Finchem in the November general election will be dangerous for democracy.
Finchem, who attended Trump’s Jan. 6, 2021, rally that preceded the violent assault on the U.S. Capitol, has said he only intends to ensure that election laws are followed to address concerns by many Republicans about how elections are run. Still, he tried to get the Legislature to overturn the 2020 election results and has spoken about making major changes to election rules that are written by the secretary.
Arizona’s was the most high-profile secretary of state’s race in Tuesday’s primaries. In Kansas, the top state elections official beat back a far-right challenger who promoted conspiracy theories, while in Washington voters were choosing from a mix of Democrats, Republicans and unaffiliated candidates in that state’s top-two primary.
The GOP primary elections for secretary of state are the latest this year to feature candidates who doubt the security of their states’ elections despite the lack of evidence of any problems widespread enough to change the results. Republican voters elsewhere have split on sending those candidates to the November ballot.
The Democratic candidates in all three states reject the premise of a stolen 2020 presidential election and warn that victories in November by any of those who promote conspiracies would endanger free and fair elections. In all three states, the secretary of state is the top election official.
Finchem tried this year to get the Republican-controlled Legislature to notify Congress that Arizona wanted to decertify Democrat Joe Biden’s election win. He won Trump’s endorsement and said in a recent interview that worries about the effect of his potential victory on free and fair elections are unfounded. He said he will just enforce laws as written.
“I think it’s interesting that there are people, particularly Democrats out there, claiming: ’Oh, he’s going to ruin the system. He’s going to do this, he’s a threat to democracy,’” Finchem said. Still, he contends tens of thousands of fake ballots led to Biden’s win, a claim for which there is no credible evidence.
The other Republican who backed Trump’s claims also is a member of the Arizona House. Rep. Shawnna Bolick introduced a bill last year that would allow a simple majority of the Legislature to overturn presidential election results.
The other Republicans on Arizona’s ballot were state Sen. Michelle Ugenti-Rita, who acknowledges Biden’s victory but has worked for a decade to tighten election laws, and businessman Beau Lane, who was backed by the governor.
Two Democrats, House Minority Leader Reginald Bolding and former Maricopa County Recorder Adrian Fontes, are seeking their party’s nomination.
Kansas had no significant problems with its 2020 elections and Trump carried the state handily. Yet Secretary of State Scott Schwab found himself on sometimes tricky ground politically because many Republicans have embraced Trump’s baseless claims that massive fraud cost him the race nationally.
Schwab has repeatedly vouched for the safety of Kansas elections and touted new GOP-pushed laws, including ones that restrict the delivery of ballots by third parties. He’s also said he can’t vouch for other states’ elections.
The message worked well for him in his primary against Mike Brown, a construction contractor and former county commissioner in the Kansas City area. Brown embraced election conspiracy theories and promised to rid the state of ballot drop boxes.
In November, Schwab will face Democrat Jenna Repass, who was unopposed in her party’s primary.
Washington state’s top-two primary featured the incumbent, Democratic Secretary of State Steve Hobbs, who easily advanced to the general election. He was appointed by Gov. Jay Inslee last November and hopes to retain his seat for the remaining two years of former Republican Secretary of State Kim Wyman’s four-year term.
Also on the primary ballot were several Republican and unaffiliated challengers, including Tamborine Borrelli, an “America First” candidate who was fined by the state Supreme Court earlier this summer for making meritless claims alleging widespread voter fraud. Borrelli was lagging far behind other candidates Tuesday night.
There was a tight race for the second slot on the November ballot between Pierce County Auditor Julie Anderson, running as an independent, and several Republicans.
Under Washington’s primary system, the top two vote-getters advance to the general election, regardless of party. Results could take days to tally because it’s an all-mail election. | https://cbs4indy.com/news/national-world/trump-loyalist-wins-gop-nod-to-oversee-arizona-elections/ | 2022-08-03T12:16:29Z | https://cbs4indy.com/news/national-world/trump-loyalist-wins-gop-nod-to-oversee-arizona-elections/ | true |
Would you buy a solar-powered car? German start-up Sono Motors unveils the £21k electric Sion that is covered in panels to add an extra 70 miles of driving range per week
- German start-up Sono Motors has unveiled the showroom-ready Sion - the first mass-produced solar car
- It has 456 solar 'half-cells' across the bodywork and roof which provide extra energy to bolster battery range
- The 54kWh battery alone should provide a range of 190 miles in total - the panels add around 70 miles a week
- The company says over 19,000 customers have placed deposits as an intention to order one of the cars
- Production is due to commence in Finland next year - prices will start from €25,126, so around £20,979
German start-up Sono Motors has unveiled its production-ready solar-powered electric car - and claims to already have over 19,000 orders for the panel-covered hatchback.
The Sion was revealed last week at a special 'Celebrate the Sun' community event hosted by the brand in Munich.
Some 456 solar 'half-cells' cover almost the entirety of the car's bodywork to generate enough renewable energy to add 70 miles per week to the Sion's estimated 190-mile battery range.
It said the passenger vehicle should go on sale in Germany next year priced from around €25,000, the equivalent of around £21,000 - that means it would undercut most conventional electric cars currently on the market.
Would you buy a solar-electric vehicle? This is the Sono Motors Sion, which could become the first mass production passenger car to feature solar panels all over its bodywork
Sono Motors says the solar-panel-covered Sion is set to become an 'affordable and reliable SEV [Solar Electric Vehicle] for the masses'.
Based on the - very specific - quoted price tag of €25,126 (£20,979 by today's exchange rate), it would be the cheapest electric vehicle on the UK market, undercutting even the dinky Fiat 500, which starts from just under £24,000.
The car has been under development since 2017, though the company says the final production design shown here has 'major enhancements' not yet seen on any of the earlier concepts.
This includes a more streamlined look from having fewer lines and clearer surfaces as well as re-designed headlights and rear light cluster and revised door handles.
The boot lid also gets a camera mounted on it - presumably to display a review view while reversing - and there's a new charging 'lid' up front, which is a flip-up panel at the bottom of the bonnet.
Every exterior panel of the car has solar cells built into them apart from the front and rear bumpers, with the roof totally covered in cells to capture the most rays.
The Sion was revealed in production-ready form last week at a special 'Celebrate the Sun' community event hosted by the German start-up brand in Munich
Sono Motors says the solar-panel-covered Sion is set to become an 'affordable and reliable SEV [Solar Electric Vehicle] for the masses'
It has quoted a - very specific - price of €25,126 (£20,979 by today's exchange rate). That means it would easily be the cheapest electric vehicle on the market if it came to the UK, undercutting even the dinky Fiat 500 that costs around £24,000
The start-up car maker has also made revisions to the cabin to make it feel more spacious and bolster storage options.
The front seats and rear bench featuring in the production-ready version shown last week are new, as is the steering wheel design.
The uncluttered dashboard has two tablet-style screens: one for the instrument cluster and the second the infotainment display.
Lower in the dash is a third display strip that looks like a light beam but can show different images, such as a woodland or a lava-lamp-like array.
On the centre console are just two buttons: one being for the hazard warning lights and the second likely the push button to start and stop the car.
The Sion also features moss integrated into the dashboard to naturally filter out dust particles and regulate the humidity inside the cabin.
The brand says the trim and interior surfaces will be available in different colours - though the choice for the exterior might be a little more limited by the fact the bodywork is covered in sun-soaking panels.
The car maker says these panels will 'enable self-sufficiency on short journeys'.
The 54kWh battery alone should provide a range of 190 miles in total. The extra energy gathered by the panels when the car is parked outside or being driven should add around 70 miles of range per week - taking the weekly average to 152 miles of single-charge driving distance.
Every external panel of the car has solar panels installed in them apart from the front and rear bumpers, with the roof totally covered in cells
Sono Motors has been developing the Sion since 2017. This is how the production-ready version will look, with redesigned bodywork, fewer panel gaps, revised door handles and a new rear end design including a camera mounted in the boot lid
The energy generated from the sun can also be sold back to the grid, with the car featuring bidirectional charging.
This means the car can act as a 'sustainable powerplant on wheels' to power your electronic devices, or can supply green energy back to the grid at peak times when the vehicle isn't in use, generating additional funds for the owner.
Based on the average mileage of commuters in German cities, Sono Motors estimates that users will need to charge the Sion up to four times less than a conventional electric car of the same vehicle class with a similar battery size.
The battery allows for a maximum charging capacity of up to 75kW via a DC charger, or 11 kW if you only have access to AC charging.
The 54kWh battery provides a claimed range of 190 miles. Extra energy gathered by the panels when the car is parked outside and being driven should add around 70 miles of range per week - taking the weekly average to 152 miles
The interior has been redesigned with a new dashboard layout, upgraded seats and more storage compartments. Sono Motors says it has already received over 19,000 customer expressions of interest, each putting down a deposit to reserve one of the cars once production starts in Finland in the second half of 2023
The brand says the car is already being tested on the road and, in the next months, will undergo 'uncompromising practical tests under extreme conditions in both Europe and the US'.
This includes crash tests to ensure the car is passed fit to be sold in all countries, as well as testing in different climates to optimise the solar technology and ensure its safety in extreme conditions.
An extensive test programme on track and public roads will also help to refine the vehicle's driving dynamics.
The brand says it has generated plenty of interest in the Sion. In fact, as of 1 July 2022 it had over 19,000 'active private reservations' for the car.
These customers have paid an average deposit amount of €2,225 - around £1,850 - to reserve a built slot, it claims.
If all reservations do turn into purchases, the start-up is in-line to sell €415million (£347million) worth of cars.
'At an estimated net sales price point of just €25,126, the Sion is expected to have one of the lowest TCOs (total cost of ownership) in the medium-size segment since the proprietary solar technology considerably reduces the necessity to charge the vehicle,' the company said.
Production is expected to begin in the second half of 2023 in Finland under a partnership deal with Valmet Automotive. with German customers taking delivery of the first models off the assembly line.
Sono Motors, which was only founded in 2016, says it is aiming to produce approximately 257,000 Sion vehicles within seven years.
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- Financial calculators | https://www.dailymail.co.uk/money/cars/article-11073417/Sono-Motors-unveils-21-000-Sion-solar-electric-car.html?ns_mchannel=rss&ito=1490&ns_campaign=1490 | 2022-08-03T12:17:47Z | https://www.dailymail.co.uk/money/cars/article-11073417/Sono-Motors-unveils-21-000-Sion-solar-electric-car.html?ns_mchannel=rss&ito=1490&ns_campaign=1490 | false |
Southend United are mocked for selling naming rights for West Stand to estate agents Gilbert and Rose -meaning it will now be called the Gilbert and Rose West Stand
- Estate agents Gilbert and Rose have become sponsors of Southend's west stand
- This means it is now called the Gilbert and Rose West Stand at the stadium
- Rose West and her husband Fred tortured and murdered women and children
- West will spend rest of her days in prison while Fred took his own life in his cell
Southend United have been mocked for selling the naming rights for the West Stand to estate agents Gilbert and Rose.
This means fans will now sit in the Essex Roots Hall Football Stadium in what is now called the Gilbert and Rose West Stand.
Social media users drew comparisons with Rose West who is still in prison for murdering and torturing at least 10 young women and girls.
The first person to spot the interesting name choice, wrote: 'Only Southend United could have a sponsor for the West Stand called Gilbert and Rose, inevitably leading to the Gilbert and Rose West Stand.'
The serial killer tortured and abused lodgers, babysitters, children, with her husband Fred West as well as strangers they picked up off the street before burying them in the cellar or under the patio of their home in Gloucester dubbed 'the house of horrors'.
Gilbert and Rose said they thought the 3,337-capacity stand would be named the G & R West Stand. The estate agents said it will be discussing it with Southend United in a planned meeting - but they insist the name is up to the club.
Serial killer Rose West tortured and abused lodgers, babysitters, children, with her husband Fred West (the couple pictured together) as well as strangers they picked up off the street before burying them in the cellar or under the patio of their home in Gloucester dubbed 'the house of horrors'
Southend United have been mocked for selling the naming rights for the West Stand to estate agents Gilbert and Rose. Pictured: A stand at the football club on match day
This means fans will now sit in the stadium in what is now called the Gilbert and Rose West Stand
The Gilbert and Rose West Stand is featured on season ticket cards and the club's website so it could be costly for the National League club.
Writing on Twitter a Southend United fan said: 'I went this morning and a very helpful young man served me.
'I was surprised that he didn't know about Rose West who we have named the stand after.'
Iain Macintosh, Managing Editor, Audio at the Athletic UK, said: 'I think we're about to discover if the maxim 'all publicity is good publicity' is true or not.'
Another person all said 'it took them a while to get it' but realised it when they referred to Rosemary's husband Fred.
One person also said: 'Good job they weren't called Fred and Rose estate agents.'
However the club refused to comment on the unfortunate name and instead simply said they were excited to be working with the estate agents.
Director Perry Rose from Gilbert and Rose did say: 'It's a complete coincidence. I think we thought it was going to be called the G & R Stand but this was no marketing ploy from Southend or ourselves.
'It was the only stand available. We've got Gilbert and Rose right across the top and it is the west stand, but they could call it the Gilbert and Rose Stand, they don't have to call it the West Stand.
'I saw the comparison through my friend's football group chat because he's a season ticket holder and he sent it through to me.
'We're going to have a chat with the club and see what they want to do.
'It's a name and nothing more. We just want to concentrate on getting locals into the ground and make sure Southend goes up this year, that's the main goal.'
Gilbert and Rose have pledged to give tickets to local schools every home game as part of the deal.
Rosemary, now 68, remains in prison while her husband, who confessed the killings, took his on life in his cell while on remand at HMP Birmingham on New Year's Day, 1995.
The pair even killed their eldest daughter Heather in June 1987.
Other victims included Alison Chambers, 16, Shirley Robinson, 18, Juanita Mott, 18, Shirley Hubbard, 15, Theresa Siegnethaler, 21, Lucy Partington, 21, Carol Ann Cooper, 15, Lynda Gough, 19, Rena Costello (Fred's ex-wife), 27, Charmaine West (Fred's daughter), 8, and Anne McFall, 18.
Fred is also believed to have also killed 15-year-old Mary Bastholm, although her remains have never been found.
With her sentence confirmed as whole-life tariff, and with Rose having long ago decided not to appeal, it means the only way West will leave prison is in a coffin.
She is believed to enjoy a middle class life at HMP Low Newton, in County Durham.
It was reported by the Daily Mail in 2017 that she has her own en-suite cell, complete with curtains at the window, a 'fluffy rug' on the floor and a coffee machine, TV and radio.
She is also said to listen to the Archers, entertain other prisoners, teaching them how to cross-stitch (an elaborate form of embroidery), playing Monopoly, or giving one another foot massages. According to sources in the jail, West likes to see herself as the prison matriarch.
'She is always very welcoming to new convicts and often befriends some of the harder cases coming into the prison,' said a second source.
'Despite her years in prison, she has always maintained her innocence and encourages others to fight their cases if they also claim they are not guilty.
'She sees herself as a barrack-room lawyer and will spend a lot of time helping people with legal problems.' | https://www.dailymail.co.uk/news/article-11076535/Southend-United-mocked-selling-rights-West-Stand-estate-agents-Gilbert-Rose.html?ns_mchannel=rss&ito=1490&ns_campaign=1490 | 2022-08-03T12:18:18Z | https://www.dailymail.co.uk/news/article-11076535/Southend-United-mocked-selling-rights-West-Stand-estate-agents-Gilbert-Rose.html?ns_mchannel=rss&ito=1490&ns_campaign=1490 | true |
On All Major Streaming Services, Americano Expands 5 Million+ Radio Audience, Cements Position as the National Voice for Conservative Hispanics
DALLAS, Aug. 3, 2022 /PRNewswire/ -- Americano Media, the Country's First Conservative Network in Spanish, announced today at the Conservative Political Action Conference (CPAC) here that its popular radio shows are now available on video on all major streaming providers and through its own Americano Media app.
With 18 hours of original content served per day, Americano Media is the number one media platform informing and empowering Conservative Hispanics. Consumers can now download the app or stream content via Apple, Apple TV, Android, Amazon Fire TV, Google TV, Roku, Sirius XM and more.
"Americano Media is a network created by Hispanics to deliver a trusted source for truthful news for Hispanics," said Ivan Garcia-Hidalgo, founder, chairman and chief executive of Americano Media. "Given the enormous contributions Hispanics make to America, a news network that provides our community with unvarnished truth is long overdue."
With the mid-term elections just months away, Hispanic Americans represent nearly 20 percent of the population. That number is growing, and with it, the diversity of the demographic's political leanings. A recent Wall Street Journal poll of Latino voters showed an even 37 percent split between Democratic and Republican, with 22 percent undecided – marking a significant change from the estimated 69 percent who voted for the Democratic candidate in 2018. And according to NBC News, the 2020 election saw a dramatic rise in registration and voting by some 18.7 million Hispanics – demonstrating this important voter group has developed a keen interest in elections.
"We are committed to empowering the Hispanic community through credible and real news, frank discussion and unwavering advocacy," said Americano Media President Jorge L. Arrizurieta. "Now being available on over-the-top video allows us to share real content that echoes our core values. At the end of the day, these are All-American values."
The new service will feature exclusive TV programming hosted by conservative personalities like Lourdes Ubieta, Dania Alexandrino Nelson Rubio – all previously with Radio Mambi, a conservative Miami talk radio station recently acquired by leftist billionaire George Soros – and Emmy-award winning journalist Lucia Navarro.
"Americano Media will push the needle further away from the Democrats towards Republicans," Garcia-Hidalgo said. With this shift, which started due to President Trump's successful policies, Americano will make sure the Hispanic vote breaks hard to conservative values."
Among the programs included will be:
- "Battleground Americano" – A war of values and principles is being waged in the United States, and "Battleground Americano" is at the frontline, ready to take on political and social structures that threaten the foundation of America. The show host, Jesús Márquez, invites the audience to participate in the day's conversations, creating a dialog from a perspective you will only find on Americano Media.
- "Buenos Dias Americano" ("Good Morning Americano") – "Buenos Días Americano" places the world's news at your feet before you leave home each morning! Stay current on all that's happening in the world with three hours of news, analysis, and guest interviews. Let us take you around the world as we share a complete outlook on the news that impacts you. Our phone lines are open so that our audience can help to set the tone of the news that impacts us each morning.
- "Así está el Mundo" ("This is the World") – When you are wanting to know, "What is happening?", Lourdes Ubieta tells "Así está el Mundo," our mid-day prime program in which she covers the most important news so far and interviews the key characters of each day, with emphasis on international politics.
To access Americano Media content, download the Americano Media app via AppStore or Google Play. Americano Media is also available on SiriusXM channel 153 and on its podcast network. Follow Americano Media on Twitter, Facebook, Instagram, LinkedIn, and GETTR and learn more at www.americanomedia.com/.
Americano Media is the voice for conservative Hispanics. With over 500 million Spanish speakers across the world, comprising nearly 20 percent of the U.S. population, Americano is the number one platform to empower, inform and advocate core values for this critical demographic. With 18 hours of original content served per day on radio and television, consumers can download the app or stream content via Apple, Apple TV, Android, Amazon Fire TV, Google TV, Roku, Sirius XM and more. Americano also provides a home for advertisers seeking an engaged and underserved audience which is growing exponentially. To learn more about Americano Media, please visit: www.americanomedia.com.
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SOURCE Americano Media | https://www.kwch.com/prnewswire/2022/08/03/americano-media-launches-tv-streaming-platform-serving-hispanics-18-hours-conservative-content-daily/ | 2022-08-03T12:19:09Z | https://www.kwch.com/prnewswire/2022/08/03/americano-media-launches-tv-streaming-platform-serving-hispanics-18-hours-conservative-content-daily/ | false |
MAYFIELD HEIGHTS, Ohio (AP) _ Materion Corp. (MTRN) on Wednesday reported second-quarter earnings of $23.3 million.
The Mayfield Heights, Ohio-based company said it had net income of $1.12 per share. Earnings, adjusted for amortization costs and non-recurring costs, came to $1.28 per share.
The supplier of engineered materials to technology companies posted revenue of $445.3 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $455.6 million.
Materion expects full-year earnings in the range of $5.50 to $5.90 per share.
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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 MTRN at https://www.zacks.com/ap/MTRN | https://www.sfgate.com/business/article/Materion-Q2-Earnings-Snapshot-17347747.php | 2022-08-03T12:19:43Z | https://www.sfgate.com/business/article/Materion-Q2-Earnings-Snapshot-17347747.php | false |
ISTANBUL (AP) — Annual inflation in Turkey soared to nearly 80% in July, official data showed Wednesday, with skyrocketing food, housing and energy prices hitting consumers hard.
The Turkish Statistical Institute said consumer prices rose by 79.6% from a year earlier, up about 1 percentage point from June data.
Independent experts say inflation is much higher than official statistics. Economists also say the huge rise in inflation is caused by President Recep Tayyip Erdogan’s unorthodox belief that high borrowing costs lead to inflation despite established economic theory.
Turkey’s central bank slashed interest rates by 5 percentage points since September to 14%, sinking the national currency. While the bank has not made further cuts this year, central banks across the world are moving the opposite way, raising interest rates to combat global inflation.
In comparison, annual inflation hit a record 8.9% in the 19 countries that use the euro in July and a four-decade-high of 9.1% in the United States in June.
The Turkish lira lost 44% of its value against the U.S. dollar last year, eroding people’s ability to buy even basic items. The dollar was trading at 17.95 against the lira Wednesday, with the lira’s value some 25% lower than at the beginning of the year. | https://cbs4indy.com/business/ap-business/inflation-in-turkey-rises-to-nearly-80-hitting-consumers/ | 2022-08-03T12:21:12Z | https://cbs4indy.com/business/ap-business/inflation-in-turkey-rises-to-nearly-80-hitting-consumers/ | false |
Cops: Queens couple charged with selling oxycodone
A Queens couple was arrested in Hempstead Tuesday night, charged with selling oxycodone and forged prescriptions for oxycodone, police said.
Nubia Salinas, 25, and Oscar Salinas, 26, of 94-17 199th St. in Hollis, were arrested by Nassau County police at 10:55 p.m. Nubia Salinas was charged with two counts of second-degree possession of a forged instrument, three counts of third-degree criminal possession of a controlled substance, second-degree criminal sale of a controlled substance and two counts of third-degree criminal sale of a controlled substance, police said.
Oscar Salinas was charged with three counts of third-degree criminal possession of a controlled substance, second-degree criminal sale of a controlled substance, two counts of third-degree criminal sale of a controlled substance and two counts of third-degree criminal sale of a controlled substance, police said.
Police said Nubia Salinas was able to access a computer to forge prescriptions at the Hempstead clinic where she works as a medical assistant.
Police said that the couple sold 40 oxycodone tablets on March 30, then sold 13 oxycodone tablets and a forged prescription for 40 oxycodone tablets on March 31. On Tuesday, police said the couple sold 100 oxycodone tablets and a forged prescription for 40 additional tablets.
The pair were scheduled for arraignment Wednesday in First District Court in Hempstead. | https://www.newsday.com/long-island/cops-queens-couple-charged-with-selling-oxycodone-v45330 | 2022-08-03T12:21:44Z | https://www.newsday.com/long-island/cops-queens-couple-charged-with-selling-oxycodone-v45330 | true |
ORLANDO, Fla. (AP) _ Xenia Hotels & Resorts Inc. (XHR) on Wednesday reported a key measure of profitability in its second quarter. The results surpassed Wall Street expectations.
The real estate investment trust, based in Orlando, Florida, said it had funds from operations of $66 million, or 57 cents per share, in the period.
The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 41 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $27.6 million, or 24 cents per share.
The real estate investment trust that owns hotels, based in Orlando, Florida, posted revenue of $283.5 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $257.5 million.
Xenia Hotels & Resorts expects full-year funds from operations in the range of $1.49 to $1.73 per share.
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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 XHR at https://www.zacks.com/ap/XHR | https://www.sfgate.com/business/article/Xenia-Hotels-Resorts-Q2-Earnings-Snapshot-17347738.php | 2022-08-03T12:21:52Z | https://www.sfgate.com/business/article/Xenia-Hotels-Resorts-Q2-Earnings-Snapshot-17347738.php | false |
COLUMBIA, Mo. (AP) — Missouri Attorney General Eric Schmitt won the Republican primary for U.S. Senate on Tuesday with surprising ease, ending months of worry among GOP leaders that scandal-scarred former Gov. Eric Greitens might win the primary and jeopardize what should be a reliably red seat in November.
In November, Schmitt will be opposed by Anheuser-Busch beer heiress Trudy Busch Valentine, who defeated Marine veteran Lucas Kunce and nine others in the Democratic primary. Both also face a challenge from a well-funded independent, John Wood, who has the financial backing of former Sen. John Danforth.
With nearly 90% of results in, Schmitt had more votes than his nearest two competitors — U.S. Rep. Vicky Hartzler and Greitens — combined, turning what was expected to be a tight race into a blowout.
“I’m proud of my working-class roots, and I’m going to Washington to fight for working families, defeating socialism, and leading the fight to save America,” Schmitt said in his victory speech in suburban St. Louis.
Greitens told a downcast crowd in another St. Louis suburb to “go home with strength and pride.”
“God has a plan,” Greitens said. “It doesn’t always work on our timeline, but it does work on his. Sometimes we have to practice patience.”
Greitens resigned four years ago following a sex scandal, two criminal charges that were eventually dropped and a legislative investigation that could have led to impeachment hearings. This year, his ex-wife accused him of abuse.
Republican Sen. Roy Blunt’s announcement last year that he would not seek a third term set off a frenzy for his job, with nearly three dozen people in the two major parties filing to run.
Schmitt defeated a field that also included Hartzler, U.S. Rep. Billy Long and Mark McCloskey, who gained notoriety in 2020 when he and his wife pointed guns at racial injustice protesters outside their home.
Voter Darrel Durham, a 63-year-old heavy equipment operator from Columbia, said he thinks Schmitt can bring a new voice to Washington.
“I like all of his positions on draining the swamp,” Durham said.
On Monday, former President Donald Trump expressed support for “ERIC,” presumably meaning either Schmitt or Greitens, without picking between them. Comedian and Navy veteran Eric McElroy was also on the ballot in the GOP primary.
“I trust the Great People of Missouri, on this one, to make up their own minds, much as they did when they gave me landslide victories in the 2016 and 2020 Elections, and I am therefore proud to announce that ERIC has my Complete and Total Endorsement!” Trump wrote.
Voter Richard Greenup, a 66-year-old computer programmer from Columbia, said he wants “somebody that’s going to support Trump” and that he chose Schmitt over Greitens because, “good or bad, Schmitt, I don’t think, has that baggage.”
Greitens, a former Navy SEAL officer and Rhodes scholar, had been governor for a year when in January 2018 he confirmed a TV report about a 2015 extramarital affair. He was subsequently charged with felony invasion of privacy for allegedly taking a nude photo of the woman and using it to keep her quiet. That charge was dropped months later amid allegations that the chief investigator and local prosecutor mishandled the investigation.
Greitens, 48, says he was the victim of a political hit.
He faced a second charge accusing him of illegally using a donor list from a charity he founded to raise money for his campaign. That was dropped when he resigned in June 2018 after the Missouri House began an impeachment investigation.
Greitens has denied the abuse allegations from his ex-wife that she made in an affidavit in a child custody case. She cited one instance where he allegedly slapped their then-3-year-old son’s face and yanked him by the hair. In another, she accused him of pushing her to the ground.
Greitens also drew criticism for a June campaign video showing him brandishing a shotgun and declaring he’s hunting RINOs, or Republicans in name only.
Schmitt, 47, has gained attention for lawsuits that critics contend are politically motivated. He sued China over the coronavirus; school districts over mask mandates; and the city of St. Louis over its plan to provide $1 million for women to travel out of state for abortions.
“I’ve always been a fighter and as your attorney general I have fought in court to protect our those liberties,” Schmitt said in his victory speech, citing mask and vaccine mandates, among other things.
Valentine, 65, is the daughter of August “Gussie” Busch Jr., the longtime chair and CEO of Anheuser-Busch who built the St. Louis-based company into the world’s largest beermaker. The brewery was sold to InBev in 2008. Valentine said she entered the race after witnessing the “division in our country and the vitriol in our politics.”
“After hundreds of career politicians, it’s time for a nurse in the Senate,” Valentine said in a victory speech.
Bob Westlake, 67, and his wife, Mary Jo, 69, both voted for Valentine. The Chesterfield couple liked her push for better health care coverage.
“Health care is a big deal to us,” Bob Westlake said, adding that they have a daughter with a chronic illness and that he and his wife are on Medicare.
Kunce, 39, lost despite the endorsement of Sen. Bernie Sanders. Kunce served tours of duty in Afghanistan and Iraq. Like Senate candidate John Fetterman in Pennsylvania, Kunce fashioned himself as a populist.
Wood’s entry into the race created new drama. Wood, 52, is a lifelong Republican, former U.S. attorney and most recently a top investigator for the U.S. House committee examining the Jan. 6, 2021, insurrection. Danforth’s PAC has pledged to spend up to $20 million in support of Wood’s campaign.
___
Salter reported from O’Fallon, Missouri. Associated Press writer David A. Lieb contributed from Jefferson City, Missouri. | https://www.wearegreenbay.com/news/ap-top-headlines/all-eyes-on-ex-missouri-gov-eric-greitens-in-senate-primary/ | 2022-08-03T12:21:54Z | https://www.wearegreenbay.com/news/ap-top-headlines/all-eyes-on-ex-missouri-gov-eric-greitens-in-senate-primary/ | false |
ATLANTA, Aug. 3, 2022 /PRNewswire/ --
Q1 Fiscal Year 2023 Highlights
- Net income attributable to its common shareholder increased 28% YoY to $307 million
- Net income from continuing operations of $307 million, up 1% YoY; net income from continuing operations excluding special items was $307 million, up 18% YoY
- Record Adjusted EBITDA of $561 million, up 1% YoY; Adjusted EBITDA per ton $583
- Shipments of 962 kilotonnes, down 1% from 973 kilotonnes in the prior year
Novelis Inc., a leading sustainable aluminum solutions provider and the world leader in aluminum rolling and recycling, today reported results for the first quarter of fiscal year 2023. Net income attributable to its common shareholder increased 28% versus the prior year to a record $307 million, while net income from continuing operations increased 1% to $307 million. Excluding special items in both years, first quarter fiscal year 2023 net income from continuing operations increased 18% versus the prior year to $307 million due primarily to higher underlying Adjusted EBITDA, unrealized derivative gains and a lower tax provision in the current year, partially offset by a tax litigation gain benefiting prior year net income.
"Novelis once again delivered record financial performance in the first quarter, following our record performance last fiscal year," said Steve Fisher, President and CEO, Novelis Inc. "With our unmatched global footprint, broad product portfolio, and first mover capacity expansion plans to support growing demand for innovative and sustainable aluminum solutions, Novelis will continue to lead the aluminum industry in fostering a circular economy and driving long-term value for our stakeholders."
Net sales increased 32% to $5.1 billion for the first quarter of fiscal year 2023, compared to $3.9 billion in the prior year period, primarily driven by higher average aluminum prices and local market premiums. Total flat rolled product shipments were 962 kilotonnes, 1% lower than prior year shipments of 973 kilotonnes, due mainly to supply chain constraints.
Adjusted EBITDA increased 1% to a record $561 million in the first quarter of fiscal year 2023, compared to $555 million in the prior year period which included a $47 million gain related to a favorable decision in a Brazilian tax litigation. The underlying increase in Adjusted EBITDA is primarily due to higher product pricing, including some higher cost pass-through to customers, favorable product mix on improved automotive and aerospace shipments, and lower metal costs due to improved recycling performance, partially offset by high cost inflation and unfavorable foreign exchange translation.
Adjusted Free Cash Flow from Continuing Operations was an outflow of $72 million in the first quarter of fiscal year 2023, higher than the prior year period outflow of $30 million due primarily to less favorable metal price lag. The company had a net leverage ratio (Net Debt / TTM Adjusted EBITDA) of 2.2x at the end of the first quarter of fiscal year 2023, compared to 2.5x in the prior year period.
"In a strong demand but capacity constrained environment, we continue to focus on delivering high-quality, high-recycled-content products to customers while continually optimizing our operations and portfolio," said Devinder Ahuja, Executive Vice President and Chief Financial Officer, Novelis Inc. "Given the growing market, we are vigorously allocating capital to continue to grow alongside our customers, with more than $4.5 billion of investment opportunities on our horizon."
The company continues to maintain a strong Total Liquidity position of $2.4 billion as of June 30, 2022.
First Quarter Fiscal Year 2023 Earnings Conference Call
Novelis will discuss its first quarter fiscal year 2023 results via a live webcast and conference call for investors at 7:00 a.m. EDT on Tuesday, August 2, 2022. To view slides and listen only, visit https://cc.callinfo.com/r/12r0f77q93ypv&eom. To join by telephone, dial toll-free in North America at 800-750-5849, India toll-free at 18002661057 or the international toll line at +1-212-231-2905. Presentation materials and access information can also be found at novelis.com/investors.
About Novelis
Novelis Inc. is driven by its purpose of shaping a sustainable world together. We are a critical partner providing innovative aluminum solutions to customers and the world's largest roller and recycler of aluminum. Our ambition is to be the leading provider of low-carbon, sustainable aluminum solutions and to achieve a fully circular economy by partnering with our suppliers, as well as our customers in the aerospace, automotive, beverage can, and specialties industries throughout North America, Europe, Asia, and South America. Novelis had net sales of $17.1 billion in fiscal year 2022. Novelis is a subsidiary of Hindalco Industries Limited, an industry leader in aluminum and copper, and the metals flagship company of the Aditya Birla Group, a multinational conglomerate based in Mumbai. For more information, visit novelis.com.
Non-GAAP Financial Measures
This news release and the presentation slides for the earnings call contain non-GAAP financial measures as defined by SEC rules. We believe these measures are helpful to investors in measuring our financial performance and liquidity and comparing our performance to our peers. However, our non-GAAP financial measures may not be comparable to similarly titled non-GAAP financial measures used by other companies. These non-GAAP financial measures have limitations as an analytical tool and should not be considered in isolation or as a substitute for GAAP financial measures. To the extent we discuss any non-GAAP financial measures on the earnings call, a reconciliation of each measure to the most directly comparable GAAP measure will be available in the presentation slides, which can be found at novelis.com/investors. In addition, the Form 8-K includes a more detailed description of each of these non-GAAP financial measures, together with a discussion of the usefulness and purpose of such measures.
Attached to this news release are tables showing the condensed consolidated statements of operations, condensed consolidated balance sheets, condensed consolidated statements of cash flows, reconciliation of Adjusted EBITDA, Adjusted Free Cash Flow, Total Liquidity, Net Debt, income from continuing operations excluding special items, and segment information.
Forward-Looking Statements
Statements made in this news release which describe Novelis' intentions, expectations, beliefs or predictions may be forward-looking within the meaning of securities laws. Forward-looking statements include statements preceded by, followed by, or including the words "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," or similar expressions. Examples of forward-looking statements in this news release are statements about our ability to drive long-term value for our stakeholders or grow alongside our customers. Novelis cautions that, by their nature, forward-looking statements involve risk and uncertainty and Novelis' actual results could differ materially from those expressed or implied in such statements. We do not intend, and we disclaim any obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise. Factors that could cause actual results or outcomes to differ from the results expressed or implied by forward-looking statements include, among other things: changes in the prices and availability of aluminum (or premiums associated with such prices) or other materials and raw materials we use; inflationary pressures impacting the price of labor, freight, coatings and alloys; the capacity and effectiveness of our hedging activities; relationships with, and financial and operating conditions of, our customers, suppliers and other stakeholders; fluctuations in the supply of, and prices for, energy in the areas in which we maintain production facilities; our ability to access financing including in connection with potential acquisitions and investments; continued risks stemming from the acquisition of Aleris Corporation, including uncertainties inherent in the acquisition method of accounting; disruption to our global aluminum production and supply chain as a result of COVID-19 or geopolitical factors, such as Russia's recent invasion of Ukraine; changes in the relative values of various currencies and the effectiveness of our currency hedging activities; factors affecting our operations, such as litigation, environmental remediation and clean-up costs, breakdown of equipment and other events; economic, regulatory and political factors within the countries in which we operate or sell our products, including changes in duties or tariffs; risks related to cybersecurity and data breaches; our potential inability to protect our intellectual property and the confidentiality of our know-how, trade secrets, technology, and other proprietary information; competition from other aluminum rolled products producers as well as from substitute materials such as steel, glass, plastic and composite materials; downturns in consumer demand for our products or changes in consumer preferences as it relates to our products; the impact of the global semiconductor shortage on automotive production and demand for automotive aluminum sheet; changes in general economic conditions including deterioration in the global economy; the risks of pandemics or other public health emergencies, including the continued spread and impact of, and the governmental and third party response to, the ongoing COVID-19 outbreak; the impact of climate change or the legal, regulatory, or market response to climate change; changes in government regulations, particularly those affecting taxes, derivative instruments, environmental, health or safety compliance; risks that production levels and margins of our recent capital expenditures do not grow in line with our current expectations and that we may not realize returns commensurate with our investments; changes in interest rates that have the effect of increasing the amounts we pay under our credit facilities and other financing agreements; and our ability to generate cash. The above list of factors is not exhaustive. Other important risk factors are included under the caption "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended March 31, 2022.
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SOURCE Novelis Inc. | https://www.kwch.com/prnewswire/2022/08/03/novelis-reports-first-quarter-fiscal-year-2023-results/ | 2022-08-03T12:25:08Z | https://www.kwch.com/prnewswire/2022/08/03/novelis-reports-first-quarter-fiscal-year-2023-results/ | false |
UK leadership election rules changed over security fears
By JILL LAWLESS
Associated Press
LONDON (AP) — Britain’s governing Conservative Party has delayed sending out ballots for the party’s leadership election after a warning from the intelligence services about the risk of fraud. Ballots had been due to be mailed out early this week to about 180,000 party members. The party said it decided to “enhance security” on the advice of the National Cyber Security Centre. The party had intended to allow members to vote online or by post, with an option to change the vote until Sept. 2. It now says each member will get a unique code that allows one, unchangeable vote. Tory members are choosing between Foreign Secretary Liz Truss and former Treasury chief Rishi Sunak to replace Prime Minister Boris Johnson. | https://kion546.com/news/ap-national-news/2022/08/03/uk-leadership-election-rules-changed-over-security-fears/ | 2022-08-03T12:26:54Z | https://kion546.com/news/ap-national-news/2022/08/03/uk-leadership-election-rules-changed-over-security-fears/ | false |
Russia’s war in Ukraine
By Kathleen Magramo and Sana Noor Haq, CNN
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
By Kathleen Magramo and Sana Noor Haq, CNN
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™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
KION 46 is committed to providing a forum for civil and constructive conversation.
Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here
If you would like to share a story idea, please submit it here. | https://kion546.com/news/national-world/cnn-europe-mideast-africa/2022/08/03/russias-war-in-ukraine-112/ | 2022-08-03T12:27:00Z | https://kion546.com/news/national-world/cnn-europe-mideast-africa/2022/08/03/russias-war-in-ukraine-112/ | true |
In July, as a heat wave bore down on the Boston area, warnings landed in the inboxes of National Grid and Eversource electricity customers: Demand was expected to be high, each company warned, and making a small change to conserve energy at home could help avoid outages.
But still, outages happened, from Acton to West Roxbury, Newton to Chelsea, silencing the reassuring whir of air conditioners. Another bout of intense heat is due this week that will test the power grid yet again, raising the question of how the energy system will respond as extreme temperatures become more frequent and intense due to climate change.
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The networks of wires and substations that bring electricity to homes and businesses are already stressed as housing density increases, experts say, and many parts of them will likely need upgrading or expanding in a future when demand could double or even triple as the state relies ever more on clean electricity to replace fossil fuel power.
“These outages can occur during the worst possible time, in sizzling temperature conditions, because the substations are not necessarily expanded upon over time to keep pace with pockets of electric demand in various communities,” said Richard Levitan, president of Levitan and Associates, an energy management consulting firm. “A failure for a day or for hours when it’s 100 degrees is potentially devastating.”
On social media during the July heat wave, some of the unlucky and unhappy customers mused the outages were akin to problems in Texas, where the energy grid’s failure to keep up with demand had catastrophic consequences. But the energy grid here, operated by ISO-New England, has not had failures such as in Texas, and had plenty of surplus capacity each day of the heat wave, even as demand rose with increased use of air conditioners.
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What happened, instead, were failures in the distribution system — the substations, transformers, and wires that bring electricity from power lines into neighborhoods and homes. These localized networks are affected by the demands of a specific street or area— eased in some places, perhaps, by the presence of solar panels on homes or intensified by the demands of big users such as apartment buildings with air conditioners and fast-chargers for electric vehicles.
The pressure on those local networks is a problem that will only become more urgent, experts said.
“You have to start with the basic infrastructure question: are we building infrastructure fast enough and forward-looking enough to anticipate what our future is going to look like, and is it being built in a way that addresses extreme weather?” said Jeff Dennis, general counsel at Advanced Energy Economy, an industry group, and a former director of the Federal Energy Regulatory Commission’s division of policy development.
At National Grid, Carol Sedewitz, vice president of electric asset management and engineering, said the company’s equipment is designed for the hottest temperatures that Massachusetts has seen in recent years, even 100 degrees. But it is only designed to withstand that heat for short periods and risks failing when cooler weather doesn’t come quickly.
“Your substation equipment depends on that,” she said.
Now that heat waves are often lasting longer, and nighttime temperatures are staying higher than they used to, Sedewitz said, rethinking how certain equipment can be expected to perform is a must, as is redesigning it for more extreme weather, such as heavy precipitation, high winds, drought, and more intense heat waves.
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Craig Hallstrom, president of electric operations for Eversource, said outages in his company’s service area during the heat wave were the result of overheating equipment, which caused some joints and cables to fail.
“A lot of the failures were in the underground system, where there isn’t a lot of air flow, and the lines tend to hold their heat,” he said.
As Eversource and National Grid, which are responsible for delivering the lion’s share of electricity in the state, plan for the future, they’re looking at upgrading to transformers that can carry a greater load.
Doubling of demand for electricity does not necessarily mean a need to double the amount of infrastructure, experts said, because newer equipment would likely be able to handle higher demand. But there will need to be some new substations and transformers — and those can come with controversy.
In East Boston, for instance, Eversource is trying to build a new substation, but the choice of location next to a playground alongside the Chelsea Creek has led to strong resistance among community advocates, who fear the regular flooding at that location could spark a fire. They also note that environmental justice communities have historically borne the brunt of industrial infrastructure, and that siting decisions now can either help remedy past harms or make them worse.
As the utilities try to find locations for new substations, they’re also developing a new kind of distribution system.
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Right now, for the most part, electricity travels in one direction: from a power source — such as a gas-fired fossil fuel power plant, or, increasingly, from renewables like solar and wind — to a building. But that’s changing.
With the growth of solar energy on rooftops, more businesses and homeowners are generating the power they need. In the future, experts say, such installations will increasingly be able to send excess solar electricity back into the grid, but that requires new advanced metering equipment and new market rules to allow energy to go in both directions.
Developments in battery technology will also affect the shape of the grid and neighborhood networks.
“In the future, most of us will have some level of a large battery at home,” said Dan Dolan, president of the New England Power Generators Association, whether that’s an electric vehicle or something like a Tesla Powerwall, that can store energy generated by solar panels and then use it as backup power. There are even scenarios where the car battery in a new electric vehicle could send power back to the home.
Policy experts, the state Department of Public Utilities, and the utilities are considering how to modernize the grid so that in the near future, customers could be incentivized to charge their vehicles at times of low demand, and then use the battery of their cars to help power their homes during a heat wave, decreasing the strain on local networks.
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“Electric cars and buses, along with solar and storage, can even give energy back to the grid when there’s an unexpectedly hot or cold day,” said Melissa Birchard, director of clean energy and grid reform at Acadia Center, a nonprofit advocating for clean energy.
A fully charged Ford F-150 Lightning can provide enough electricity for an entire house for up to 10 days, according to Ford. And last summer, an electric school bus in Beverly was used to provide more than 50 hours of energy back to the electricity grid.
Electric school buses, which are used for just a few hours each day during the school year, and even less during the summer, are just one of the new technologies that offer promise in that regard, said Birchard.
Dennis, of Advanced Energy Economy, said it’s all about rethinking the tools that are available. “You really need to make demand much more flexible, and really make it a grid resource,” he said. “If we’re going to have large fleets of electric vehicles with batteries in them, let’s make those things a grid resource.”
Sabrina Shankman can be reached at sabrina.shankman@globe.com. Follow her on Twitter @shankman. | https://www.bostonglobe.com/2022/08/03/science/tens-thousands-lost-power-july-heat-wave-is-electrical-system-prepared-climate-change/ | 2022-08-03T12:27:12Z | https://www.bostonglobe.com/2022/08/03/science/tens-thousands-lost-power-july-heat-wave-is-electrical-system-prepared-climate-change/ | false |
5 things to know for August 3: Primaries, Taiwan, Monkeypox, January 6, Kentucky
By AJ Willingham, CNN
US veterans service organizations are breathing a sigh of relief after the Senate passed a long sought-after bill on Tuesday to expand care for millions of veterans exposed to toxic burn pits. The legislation now heads to President Joe Biden’s desk to be signed into law.
Here’s what you need to know to Get Up to Speed and On with Your Day.
(You can get “5 Things You Need to Know Today” delivered to your inbox daily. Sign up here.)
1. Primaries
Arizona, Kansas, Michigan, Missouri and Washington held primary elections yesterday, with several key votes on their ballots. Kansas voters rejected an amendment that would have removed the right to an abortion from the state’s constitution. This is the first time citizens have been able to weigh in on the issue at the polls since Roe v. Wade was overturned, and the high turnout in Kansas could be a sign that voters will continue to show up to make their disagreement known. In Missouri, disgraced former Gov. Eric Greitens lost his Republican primary after a controversial attempt to reenter politics. Several election deniers backed by former President Donald Trump were on the ballot in Arizona, Michigan and Washington. Some of these races are still too close to call, but Trump-backed Tudor Dixon is projected to become Michigan Gov. Gretchen Whitmer’s challenger in November.
2. Taiwan
House Speaker Nancy Pelosi said she wants to make it “unequivocally clear” that the US will not abandon Taiwan after meeting Taiwanese President Tsai Ing-wen today. Pelosi’s trip to the self-governing island during a congressional tour of Asia has stirred up controversy at home and abroad. Biden administration officials warned the trip would potentially damage relations between the US and China, and indeed, Beijing has already voiced displeasure. The country has planned provocative military drills close to Taiwan later this week in response to Pelosi’s visit. China’s Foreign Minister Wang Yi also called the visit a “complete farce” and warned that “those who play with fire will perish.” China has now suspended some trade with Taiwan in apparent retribution.
3. Monkeypox
Public health leaders want the Biden administration to declare a public health emergency to better tackle rising monkeypox cases. The limited supply of monkeypox vaccines in the US has led to hours-long waits and created dangerous situations where infected people don’t have access to tests or treatment. A drug is available for monkeypox patients who have or who are at risk of severe disease, but doctors say they continue to face challenges getting access to it. Organizations responding to the crisis say they are frustrated by the Biden administration’s lack of urgency. California, Illinois and New York state have declared public health emergencies, as has the World Health Organization.
4. January 6
The Defense Department wiped the phones of top departing DOD and Army officials at the end of the Trump administration, deleting any texts from key witnesses to events surrounding the January 6, 2021, attack on the US Capitol, according to court filings. The revelation further obscures attempts to bring more transparency to the context and events of the insurrection. The Department of Homeland Security is also under fire for the apparent loss of messages from the Secret Service that day. American Oversight, the watchdog agency that filed the lawsuit that unearthed the deletions, is now calling for a “cross-agency investigation” by the Justice Department to look into the destruction of the materials.
5. Kentucky
At least 37 people are dead following massive flooding in Kentucky last week, and storm damage is complicating efforts to locate those still missing. Heavily damaged infrastructure has made some communities nearly impossible to access, and Gov. Andy Beshear said the process of accounting for everyone could take weeks. The areas hit hardest by the floods are now facing scorching heat, and some communities are concerned about access to clean water. Among those who died in the floods is a father of five who disappeared after his truck was swept away by flood waters.
BREAKFAST BROWSE
The Mexican Pizza returns to Taco Bell after a three-month shortage
Come, let us prepare a feast. The prodigal pizza is back!
Six tasks you’ve been putting off that you need to do now
This article immediately shamed me. Time to schedule an oil change and a closet clean-out.
Tito’s vodka is making fun of canned cocktails by selling an empty can for $20
Get it? It’s so you can make your own canned cocktail. (The proceeds go to charity, so it’s all good.)
Stretching and range of motion exercises can slow cognitive decline as much as aerobic exercises
They also keep your joints from sounding like a bowl of Rice Krispies in the morning.
Parts of the moon may provide stable temperatures for humans, researchers find
Say no more. I’m putting my moon boots on as we speak and blowing this popsicle stand once and for all.
IN MEMORIAM
Legendary broadcaster Vin Scully, the voice of the Los Angeles Dodgers for more than six decades, has died at the age of 94, the team announced Tuesday. Scully was known for his deft, engaging commentary, weaving stories between pitches with an artist’s skill. “Vin Scully was one of the greatest voices in all of sports. He was a giant of a man, not only as a broadcaster, but as a humanitarian,” said Stan Kasten, the President and CEO of the Dodgers.
TODAY’S NUMBER
$16 trillion
US household debt surpassed this massive number for the first time in history during the second quarter of 2022. The New York Federal Reserve says credit card debt is skyrocketing as people try to keep up with inflation and higher costs of living.
TODAY’S QUOTE
‘It seems so incredible to me that we have to do this. That we have to implore you — not just implore you, punish you — to get you to stop lying.
–Scarlett Lewis, to Alex Jones during the far-right personality’s defamation trial in Texas. Lewis’ son, Jesse Lewis, was murdered in the 2012 Sandy Hook Massacre. His parents are one of several Sandy Hook families who have taken legal action against Jones for his part in spreading false conspiracy theories about the tragedy.
TODAY’S WEATHER
Check your local forecast here>>>
AND FINALLY
‘Black & Blues’
If this jaw-dropping, goosebump-raising, completely masterful trombone solo doesn’t get you ready and rocking, nothing will. (Click here to view)
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://kion546.com/news/national-world/cnn-national/2022/08/03/5-things-to-know-for-august-3-primaries-taiwan-monkeypox-january-6-kentucky-3/ | 2022-08-03T12:27:12Z | https://kion546.com/news/national-world/cnn-national/2022/08/03/5-things-to-know-for-august-3-primaries-taiwan-monkeypox-january-6-kentucky-3/ | false |
The image of Ian Happ and Willson Contreras embracing in the home dugout at Wrigley Field represented a moment of goodbyes for what appeared to await the Chicago Cubs All-Stars.
That moment one week ago now becomes a reminder of the ups and downs leading up to the trade deadline, the uncertainties of the unknown. Both players thought that July 26 day was their last at Wrigley in a Cubs uniform. Yet Contreras and Happ will return with their teammates Friday for the Cubs’ next homestand.
Despite the Cubs’ 6-0 loss Tuesday to the St. Louis Cardinals, a lightheartedness lingered. Contreras barely could keep a smile off his face after president of baseball operations Jed Hoyer did not trade him because of insufficient value in return.
Happ, meanwhile, joked it was the media’s fault for making him think he would be traded: “All those stories and the cameras the last couple days at Wrigley, it’s all on you guys.”
Happ understands his situation, however. His last year of team control in 2023 before free agency made him an attractive option at the trade deadline. He knew there was a chance the Cubs would move him.
“One hundred percent I wanted to be here,” Happ said Tuesday night. “I wanted to be with these guys. I want to be in this clubhouse still wearing this jersey. And the city and fan base, the team means a lot to me and I’m really happy about that.”
While Contreras knows he likely is playing out his final two months with the Cubs as free agency looms — now complicated by a potential qualifying offer — the Cubs could revisit moving Happ in the offseason. Asked what he believes is his next step forward with the Cubs, Happ replied, “I don’t know.”
“Play these last two months and really enjoy it,” he said. “Still a lot of work to do for me personally. Every day, there’s things to tweak, there’s things to learn and things to work on. And then as a team, there’s a lot of guys in this group that are going to be here next year and have a chance to make a huge impact.”
Manager David Ross broke the news to Contreras and Happ in the clubhouse during batting practice that they weren’t going anywhere.
“It was a weight off my shoulders,” Contreras said. “Today was a long day. I was really anxious to see what’s going to happen. Once Ross told me I’m still a Cub, it was amazing.”
Contreras figured a trade was imminent because of how the last trade deadline played out for his teammates who were impending free agents.
“I’m really happy to stay with the Cubs,” he said. “I would like to thank all of the organizations that reached out to the Cubs asking for myself.”
The uncertainty surrounding Contreras’ immediate future was resolved Tuesday. How — or if — he fits in the Cubs’ long-term future is unknown, but without a contract extension in place before the offseason, he again potentially faces his final games as a Cub.
“One thing is for sure,” Contreras said, “tomorrow is another game so I have to stay focused. That’s all I can say.”
() | https://www.twincities.com/2022/08/03/willson-contreras-and-ian-happ-are-excited-to-stay-with-the-chicago-cubs-but-their-long-term-futures-remain-uncertain/ | 2022-08-03T12:28:32Z | https://www.twincities.com/2022/08/03/willson-contreras-and-ian-happ-are-excited-to-stay-with-the-chicago-cubs-but-their-long-term-futures-remain-uncertain/ | false |
Love Island's final week triggers 466 new Ofcom complaints over Luca's behaviour and claims the final was 'rigged'
- 286 complaints they received on July 26 were in relation to Luca's actions towards his partner Gemma Owen
- There were an additional 180 complaints on August 1, with complainants unhappy unhappy with which couples made it through to the final
- Overall, the ITV2 show received more than 5,000 Ofcom complaints during this year's series
- Latest news and updates on all of your favourite Love Island contestants
Love Island's final week triggered a total of 466 Ofcom complaints over Luca Bish's behaviour and claims the final was 'rigged'.
The Office of Communications confirmed to MailOnline the 286 complaints they received on July 26 were in relation to Luca's actions towards his partner Gemma Owen.
There were an additional 180 complaints on August 1, with complainants unhappy about which couples made it through to the final, while others alleged its outcome was rigged.
Overall, the ITV2 show received more than 5,000 Ofcom complaints during this year's series.
Complaints: Love Island's final week saw it receive a total of 466 Ofcom complaints, over Luca Bish's actions and arguing the final was 'rigged'.
The UK's media regulator confirmed to MailOnline the regulator received 1,509 complaints on July 19 - and the majority were about alleged misogynistic behaviour from the male Islanders towards the female cast.
Love Island was previously rocked by 2,648 complaints after explosive Movie Night episodes.
Luca and Gemma were runners-up in Monday night's final, while Ekin-Su Cülcüloğlu and Davide Sanclimenti were crowned the winners of the eight series.
Tasha Ghouri and Andrew Le Page came fourth, and Dami Hope and Indiyah Polack came third in the public vote.
Not happy: The Office of Communications confirmed to MailOnline the 286 complaints they received on July 26 were in relation to Luca's behaviour towards his partner Gemma Owen
Last week, ITV boss Kevin Lygo said the broadcaster will 'sit down and review' Love Island when the series ends in light of the Ofcom complaints.
Mr Lygo, managing director of ITV Studios, stressed they were 'very happy with the way it has gone so far', despite backlash from viewers.
During a media briefing for ITV's interim financial results, Mr Lygo was asked about the volume of complaints and whether there would be an editorial review.
He said: 'We continually assess a programme as it is going on because it is one of these odd every night live sort of shows.
'But when the series comes to an end on Monday, we will always sit down and review what we think about it, what the reaction has been, how well it has done.
'And we have to say this year, remember, it is the best one we have had in many years and I think everyone is thoroughly enjoying it.
'To get five million people to watch a show every night at 9 o'clock is extraordinary in the modern era, so something is being done right.
'But you are right, we must always look to improve and work on what we have done. But we are very happy with the way it has gone so far.'
Fans took to Twitter on the night of the final to complain that Luca and Gemma had placed higher than Tasha, Andrew, Dami and Indiyah.
One said: 'Someone needs to call ofcom because this show is rigged as f**k'.
Another pointed out: 'By the tweets on Twitter nobody in the country is voting for Luca & Gemma which either means it's rigged to f**k or Michael Owen has paid the show big time they should've been 4th.
A third declared: 'Nah this is rigged. Tasha & Andrew, Dami & Indiyah got less votes than Gemma & luca. This is bull***t'.
And someone else wrote: 'If Luca and Gemma win I am getting straight onto ofcom!'
And a fifth tweeted out: 'luca and gemma over dami and indiyah?!?!? nope. rigged 100%'.
Fixed: Fans took to Twitter on the night to complain that Luca and Gemma had placed higher than Tasha, Andrew, Dami and Indiyah
Meanwhile, earlier in the week fans were angered by how Luca, 23, behaved towards Gemma, 19 in a row over a challenge.
The couple were at loggerheads over a raunchy Mile High-themed challenge that saw the dressage rider lick Adam Collard's chest.
Luca appeared to become annoyed and 'pushed' Gemma on to the next boy, with the couple later getting into a row over the moment as Gemma criticised him for his 'moody' reaction.
The fishmonger was seen taking off his mic and walking out of the front door following the argument.
Fuming: Meanwhile, earlier in the week fans were angered by how Luca, 23, behaved towards Gemma, 19 in a row over a challenge.
Speaking to her fellow Islanders, Gemma branded Luca a 'p***k' for getting annoyed at the challenge, while Indiyah said he was being a 'baby'.
Viewers also slammed him for his reaction, saying that he was being 'overly jealous' and protective.
Overall, Love Island received more than 5,000 Ofcom complaints during this year's series, with viewers sharing their concerns about 'misogynistic behaviour and bullying'.
Most recently, the UK's media regulator confirmed to MailOnline the regulator received 1,509 complaints on July 19 - and the majority were about alleged misogynistic behaviour from the male islanders towards the female cast.
Love Island was previously rocked by 2,648 complaints after explosive Movie Night episodes
While 427 fans also complained about the July 17 episode of Aftersun when Laura Whitmore and panellists speculated on what happened between Ekin-Su, 27, and George Tasker, 23, in the bedroom.
And in the first four weeks of the show, Love Island was hit by 781 complaints over concerns about bullying, age gap romances and the mental health of contestants.
Women's Aid have already stated that they are in talks with the show over some of the behaviour displayed by the males.
The record for the most Love Island complaints made to Ofcom was in August 2021, when the regulator received 24,763 Ofcom complaints over Faye Winter's expletive-filled row with Teddy Soares.
Criticism: Love Island has received more than 5,000 Ofcom complaints during this year's series, with viewers sharing their concerns about 'misogynistic behaviour and bullying' | https://www.dailymail.co.uk/tvshowbiz/article-11076633/Love-Island-sparks-466-Ofcom-complaints-final-week-Lucas-behaviour-rigged-final.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-03T12:29:05Z | https://www.dailymail.co.uk/tvshowbiz/article-11076633/Love-Island-sparks-466-Ofcom-complaints-final-week-Lucas-behaviour-rigged-final.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | true |
A Pennsylvania teen is being applauded for his quick action, helping deploy a nearby trampoline to allow neighbors to escape an overnight apartment fire early Tuesday morning near Pittsburgh.
Shortly after a fire broke out around 1 a.m. in his Bentleyville apartment building, 17-year-old Falon O'Regan jumped from a window and sprang into action to help his neighbors escape the blaze, NBC affiliate WPXI reported.
“Me and Robert, my neighbor downstairs, had to move the trampoline from the side of the house to the three bedrooms on the last part of the house, because they would've gotten hurt if we didn't,” O’Regan told the station.
Neighbors said they were uneasy about the jump, but took the plunge knowing they didn't have much of a choice.
“You look out the window and the fire's starting through your doorway and you literally have fire coming at you and you have to jump. You have to jump. There's no other option," said resident Michael Groots.
Fire officials said the quick action helped several trapped people.
“They prevented a lot of injuries," said Tim Miller, 2nd assistant fire chief for the Bentleyville Fire Department.
U.S. & World
One person hurt their leg and three others went to the hospital to be treated for smoke inhalation, WPXI reported.
O’Regan’s mom, Becky Williams, said she’s proud of how her son jumped into action, telling him “You’re a hero, baby.”
“I'm proud of him. We're suffering losses because we think we lost our cats. But he saved a lot of people today. I'm proud of him."
For his part, O’Regan said he was just happy to be of help.
“I'm glad we got them out in time."
According to fire officials, 12 adults and 6 kids were displaced by the fire, and they are being assisted by the Red Cross.
The cause of the fire remains under investigation. | https://www.nbcnewyork.com/news/national-international/teen-helps-save-neighbors-from-burning-apartment-building/3807304/ | 2022-08-03T12:29:26Z | https://www.nbcnewyork.com/news/national-international/teen-helps-save-neighbors-from-burning-apartment-building/3807304/ | false |
PLEASANTON, Calif., Aug. 3, 2022 /PRNewswire/ -- Unchained Labs, the life sciences company that's all about getting biologics and gene therapy researchers the right tool for the job will build a new, expanded campus right around the corner from its current headquarters in Pleasanton, CA.
Unchained entered into a very long-term (basically forever) lease on a 12-acre property at 4747 Willow Rd in Pleasanton, CA. The property includes a 121,000sf existing facility and the right to build additional buildings on the site to support future growth. The new building is about 2.5 times the size of the Company's current Pleasanton footprint and the plan is to consolidate all CA science, engineering, manufacturing, marketing, sales, and administrative functions into this single building. It will take about a year to upgrade the site, including the buildout of lab and production space, and the team expects to move-in around mid-2023.
"We are growing like crazy and busting at the seams. The business has almost doubled over the past 2 years, and we have already launched 4 new products in 2022," said Tim Harkness, Founder and CEO of Unchained. "We have never been more optimistic about our future, and we needed a long-term facility plan that matched our growth expectations. This new campus is the perfect solution. Pleasanton is an ideal place to build a business and has become an important part of our identity. We are ecstatic to bring our full tribe together under one roof and to call Pleasanton our forever home."
"We are thrilled to welcome Unchained Labs as our tenant to what will be one of the premier life science facilities in San Francisco's East Bay. We look forward to supporting them as they continue to execute on their strategic growth initiatives," said Christopher Hayes, Managing Director, W. P. Carey.
Thanks to our advisors, JLL and our attorneys at Cooley LLP, who helped us find this site and negotiate this agreement with W. P. Carey.
About Unchained Labs
Here's the deal. We're all about helping biologics and gene therapy researchers break free from tools that just don't cut it. Unleashing problem-tackling products that make a huge difference in the real science they do every day. That's our mantra, our promise and we own it. We're located in Pleasanton, CA and can be found online at www.unchainedlabs.com.
Contact:
Taegen Clary
SVP of Marketing, Unchained Labs
taegen.clary@unchainedlabs.com
925.587.9806
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SOURCE Unchained Labs | https://www.kfyrtv.com/prnewswire/2022/08/03/unchained-labs-locks-down-forever-home-with-new-pleasanton-campus/ | 2022-08-03T12:34:06Z | https://www.kfyrtv.com/prnewswire/2022/08/03/unchained-labs-locks-down-forever-home-with-new-pleasanton-campus/ | true |
ALBUQUERQUE, N.M. (AP) — On a recent, scorching afternoon in Albuquerque, off-road vehicles cruised up and down a stretch of dry riverbed where normally the Rio Grande River flows. The drivers weren’t thrill-seekers, but biologists hoping to save as many endangered fish as they could before the sun turned shrinking pools of water into dust.
For the first time in four decades, America’s fifth-longest river went dry in Albuquerque last week. Habitat for the endangered Rio Grande silvery minnow — a shimmery, pinky-sized native fish — went with it. Although summer storms have made the river wet again, experts warn the drying this far north is a sign of an increasingly fragile water supply, and that current conservation measures may not be enough to save the minnow and still provide water to nearby farms, backyards and parks.
The minnow inhabits only about 7% of its historic range and has withstood a century of habitat loss as the nearly 1,900 mile-long (3,058-kilometer) river was dammed, diverted and channeled from Colorado to New Mexico, Texas and northern Mexico. In 1994, the U.S. government listed it as endangered. Scientists, water managers and environmental groups have worked to keep the fish alive — as required by the Endangered Species Act — but the efforts haven’t kept pace with demand for water and climate change.
Years of drought, scorching temperatures and an unpredictable monsoon season are zapping what’s left of its habitat, leaving officials with little recourse but to hope for rain.
“They’re adapted for a lot of conditions but not to figure this out,” said Thomas Archdeacon, a U.S. Fish and Wildlife Service biologist in charge of a program to rescue the fish. “When you have flow one day and no flow the next for miles, they don’t know how to get out of that.”
When parts of the river dry out, officials use hand nets and seines to pull fish from warm puddles and relocate them to still-flowing sections of the river. The minnow’s survival rate after being rescued is slim — just over 5% — due to the stress of warm, stagnant water and being forcibly relocated.
Still, leaving the fish in the pools is a certain death sentence, said Archdeacon. He and the other biologists drove over miles of dried riverbed to where the water picked up again — at the outflow of a sewage treatment plant. Only a handful of the 400 rescued fish would survive, with their best chance swimming through treated sewage.
Over the years, the government has bred and released large numbers of silvery minnows, but for the species to recover, it always comes down to habitat, officials say.
And few options remain to get significantly more water into the river.
“Climate change is coming at us so fast right now that it’s outstripping those tools that we developed over the last few decades,” said John Fleck, a water policy researcher at the University of New Mexico.
Historically, one way to send more water into the river has been to release it from upstream reservoirs. But this year, New Mexico has been unable to store extra water because of a downstream debt it owes Texas as part of a compact. Deep into the driest period the West has seen in 1,200 years, the river wasn’t replenished by rainstorms that came in June.
“The timing and the placement of the storms weren’t in the right place to keep the river flowing,” said Dave Dubois, New Mexico’s state climatologist.
To keep more water in the Rio Grande, the state and irrigation districts are offering to pay farmers to leave fields unplanted, but so far, few have opted in. In New Mexico, small-scale farming is the norm and many farmers water their fields with centuries-old earthen canals that run through their backyards, maintaining the land for cultural reasons, too.
By fallowing their fields, farmers would help save water for the minnow and alleviate the debt to Texas. But officials say that in one key district on the river, only 5% of land was left fallow this year.
“We need more people to do it,” said Jason Casuga, chief engineer for the Middle Rio Grande Conservancy District. But the program is just in its second year, and farmers want to grow crops, Casuga said.
For the past four years, Ron Moya has farmed about 50 acres (20 hectares) of hay and produce near Albuquerque. A retired engineer, Moya said he answered a calling to work the same land that generations of his family had cultivated before him. Last year, Moya left 10 acres (4 hectares) of his plot unplanted in exchange for several thousand dollars, but said he wouldn’t do it this year — even though he was offered more money — because he wanted the moisture to keep the soil on his farm alive. Moya is skeptical that fallowing alone will achieve much.
“There’s people whose livelihood depends on growing their hay. That’s what they know. Can you imagine the whole valley being fallowed? That just seems silly,” he said.
Nor is there much water to squeeze out of New Mexico’s biggest city, Albuquerque. Like other Western metropoles, the city of roughly 563,000 has dramatically cut its per-capita water use, from about 250 gallons (946 liters) per day in 1994 to to 119 gallons (450 liters) in 2019, according to data provided by the city’s water utility. Albuquerque also uses groundwater and water from the Colorado River.
According to Mike Hamman, New Mexico’s state water engineer, “the low hanging fruit has already been picked in Albuquerque, so now it gets a little harder.”
___
The Associated Press receives support from the Walton Family Foundation for coverage of water and environmental policy. The AP is solely responsible for all content. For all of AP’s environmental coverage, visit https://apnews.com/hub/climate-and-environment | https://www.seattletimes.com/nation-world/nation/a-race-to-save-fish-as-rio-grande-dries-even-in-albuquerque/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_nation-world | 2022-08-03T12:35:18Z | https://www.seattletimes.com/nation-world/nation/a-race-to-save-fish-as-rio-grande-dries-even-in-albuquerque/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_nation-world | true |
COEUR D'ALENE, Idaho, Aug. 3, 2022 /PRNewswire/ -- Tractor Beverage Company, exclusive creator of the world's first and only Certified Organic, Non-GMO total beverage solution for foodservice is chilling this summer with the mouthwatering debut of six fantastic new flavors for a thirsty nation that wants its drinks to get real.
Americans are staying hydrated as a heat wave continues to scorch the nation, opting for better-for-you beverages when they're dining out. "Our pouring partners are reporting that their patrons are opting for clean, fruit-forward beverages this summer," said Luke Emery, Chief Customer Officer for Tractor Beverage Company. "We know that young consumers are label readers who appreciate certified organic, farm to table options and want something other than tap water, especially during a heat wave." According to a report by The NPD Group, Generation Z consumers are interested in food quality and an experience they would not be able to reproduce themselves at home. The report found 18 percent of Gen Z consumers care about organic products, compared to 12 percent of those over 25. And when it comes to sustainable sourced foods and beverages in restaurants, 16 percent care about it, compared to 11 percent of older generations.
Joining the company's deliciously original Agua Fresca line of lightly sweetened, all-natural, non-GMO, Certified Organic non-carbonated drinks are a virtual orchard of new nature-blessed flavors: Peach, Mango, Strawberry Dragonfruit, Farmers Punch, Clementine, and the popular Lemonade, now with pulp.
Formulated by Travis Potter, beverage chef and co-founder of Tractor Beverage, each of these new refreshers squeeze the unbounded joys of real whole-fruit and perfect organic juice combos into every sip to create a uniquely differentiating choice for discriminating restauranteurs and discerning consumers alike. In addition to deep flavor and the pure refreshment it delivers, each serving of Tractor's clean new tastes includes organic inulin for a helpful boost of beneficial all-natural prebiotic fiber that supports a thriving microbiome.
- Peach features vanilla, a hint of cinnamon, nutmeg for that grandma's peach pie aroma, with a combination of peaches and apricot to add extra peak season midsummer harvest taste. "Most peach drinks have an artificial or canned peach taste," said Travis. "I was intent on delivering a natural peak harvest drink that would mix well with sweet or white tea and pair well with a fried chicken sandwich or super greens salad." For a special summer treat, add vanilla ice cream for a peach float.
- Mango delivers a big taste from fresh mangoes, a touch of apricot for texture and mouthfeel, a touch of ginger, a hint of cardamom, black pepper, and fresh pine aroma from the fruit's skin. "Mango can go to an off or overly cooked sweet potato taste," said Travis, whose recipe delivers a refreshing mango flavor that pairs with Indian or Thai food, as a breakfast beverage or added to a smoothie.
- Strawberry Dragonfruit "Dragonfruit is a mysterious tropical succulent plant that looks like a dinosaur or a dragon," observed Travis. "The Dragonfruit we use for our Tractor beverage is pink skinned, and when you cut through it you see this pink fleshed, heavily seeded fruit that is a beautiful mix of strawberry, pear, and kiwi flavors." As much fun to look at as it is to drink, the beautifully-hued Strawberry Dragonfruit is an all-day refresher, and makes a delicious frozen drink.
- Farmer's Punch Tractor's farmstand-fresh, vitamin-packed fruit punch is packed with berries, apples, pomegranates and cherries. In developing this flavor, Travis was intent on creating an alternative to the chemical-laden artificial sodas. "Our Farmer's Punch is the solution for those family events where the whole family doesn't have to detox afterwards but instead get a tasty fun drink full of antioxidants, vitamins that makes everyone happy."
- Clementine "I was looking for a citrus that adds a more citrusy, slightly sweet bite, and works as a great palette cleanser," offered Travis. His solution? The refreshing clementine, cousin to the easy-peeling mandarin. "Clementine is just fun to say!," he added. The flavor conjures up the feeling of stopping off at a farm stand on a road trip, and pairs well with everything from breakfast to Italian food, as a frozen drink, or added to vanilla ice cream for a summertime Clementine Creamsicle.
- Lemonade Tractor's all new lemonade adds just the right amount of pulp for texture, with the added benefit of utilizing more of the fruit for less waste. "We use lemon juice, the zest from the rind, the pulp, as well as orange blossom which adds the fresh aroma of a citrus grove," said Travis. Another added benefit of citrus pulp? It helps digestion, is beneficial for our circulatory system and when combined with Jerusalem artichoke, it delivers an immune-boosting prebiotic effect.
Now a parched public can locate their closest organic beverage source in less time than it takes to gently turn an organic peach into something even better. To find the nirvana nearest you and for more information about Tractor's fresh new options for restaurants and other foodservice providers, head to drinktractor.com.
Founded with a mission to create better beverages for all, Tractor Beverage Company is the first and only Certified Organic, Non-GMO full line beverage solution for foodservice. Tractor's handcrafted drinks feature clean ingredients that deliver on taste, functionality and an innovative consumer experience. Tractor's vision is to use its beverage platform to expand organic farm practices—and, in turn, lead the way to a more sustainable and flourishing future for restaurants, consumers, and farmers. Tractor was named to Fast Company's prestigious annual list of the World's Most Innovative Companies in 2021. For more information, please visit drinktractor.com or follow along on Instagram at @drinktractor.
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SOURCE Tractor Beverage Co | https://www.kbtx.com/prnewswire/2022/08/03/gen-z-beats-heat-with-tractor-beverage-temperatures-soar-so-does-demand-organic-drinks/ | 2022-08-03T12:35:30Z | https://www.kbtx.com/prnewswire/2022/08/03/gen-z-beats-heat-with-tractor-beverage-temperatures-soar-so-does-demand-organic-drinks/ | true |
Centre withdraws Personal Data Protection Bill from Lok Sabha
The data protection Bill proposes to provide for the protection of the personal data of individuals and establish a Data Protection Authority for the same. It seeks to put restrictions on the use of personal data without the explicit consent of citizens.
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New Delhi: The Personal Data Protection Bill, which proposed to regulate the use of individual's data by the government and private companies, was withdrawn by the Centre from Lok Sabha on Wednesday.
The Bill proposed to provide for the protection of the personal data of individuals and establish a Data Protection Authority for the same. It sought to put restrictions on the use of personal data without the explicit consent of citizens.
The Centre said that the Bill, withdrawn by IT Minister Ashwini Vaishnaw, will soon be replaced by a comprehensive legal framework.
"Electronics and IT Ministry withdraws Personal Data Protection Bill,2021 from Parliament. This will soon be replaced by a comprehensive framework of global standard laws including digital privacy laws for contemporary and future challenges and catalyze Prime Minister's vision of India Techade," said Minister of State for Electronics and IT Rajeev Chandrasekhar.
The Bill was withdrawn after the Joint Committee of Parliament (JCP) examining the legislation suggested several amendments to it.
Chandrasekhar said that the JCP's report on the Bill had identified many issues that were relevant but "beyond the scope" of modern digital privacy law.
"Privacy is a fundamental right of Indian citizens and a trillion-dollar digital economy requires global standard laws cyber laws," the Union minister said in a tweet.
Opposition leaders had vehemently opposed certain provisions of the Bill including giving unbridled powers to the state and its agencies for use of personal data.
The Bill was introduced on December 11, 2019. It was later referred to the joint parliamentary panel for examination and the report of the committee was presented to the Lok Sabha on December 16, 2021.
The Bill intended to provide protection of digital privacy to individuals relating to their personal data, specify the flow and usage of data, and create a relationship of trust between persons and entities processing the data.
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End of Article | https://www.timesnownews.com/india/centre-withdraws-personal-data-protection-bill-from-lok-sabha-article-93324340 | 2022-08-03T12:37:08Z | https://www.timesnownews.com/india/centre-withdraws-personal-data-protection-bill-from-lok-sabha-article-93324340 | true |
Parliament proceedings | Govt withdraws Data Protection Bill
The Data Protection Bill was introduced on December 11, 2019
The Personal Data Protection Bill, 2019 has been withdrawn by the government in the Lok Sabha on August 3.
Also read: Explained | Does data protection Bill have safeguards on privacy?
The Bill was introduced on December 11, 2019. It was referred to the Joint Committee of the Houses for examination and the report of the committee was presented to the Lok Sabha on December 16, 2021.
The Bill, withdrawn by IT Minister Ashwini Vaishnaw, aimed to provide protection of digital privacy to individuals relating to their personal data, specify the flow and usage of data, and create a relationship of trust between persons and entities processing the data.
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- Please use a genuine email ID and provide your name, to avoid rejection. | https://www.thehindu.com/news/national/govt-withdraws-data-protection-bill-from-lok-sabha/article65721160.ece | 2022-08-03T12:40:23Z | https://www.thehindu.com/news/national/govt-withdraws-data-protection-bill-from-lok-sabha/article65721160.ece | false |
Banks and Fintechs In 40 Countries Can Now Take Advantage of Alloy's Platform to Fight Fraud And Meet Global Compliance Requirements
NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Alloy, the leading Identity Decisioning Platform for banks and fintech companies, announced its global expansion. Today, Alloy's platform for fraud and risk decisions is available in 40 countries across North America, EMEA, LATAM, and APAC. Alloy already has an established presence in EMEA, led by Edwina Johnson, and will continue to grow its global presence over the coming months.
Over 300 companies use Alloy's API-based platform to connect to more than 150 data sources and automate identity decisions during account origination and monitor them on an ongoing basis. Over the past seven years, Alloy has helped some of the most innovative banks and fastest growing fintech companies grow and scale operations by allowing them to find more good customers and bring them into their products without increasing the risk of fraud.
"Alloy was a clear choice to bring together our multiple API's and processes as we scale globally," said Paul Becker, founder and CEO, Art Money. "Operating in the US, UK, Australia, and New Zealand with more to come, we wanted a global tech partner who could grow with us as we unify our onboarding, underwriting, and compliance processes into one flexible, comprehensive, no-code platform."
"We've identified a clear need in the global market for Alloy, particularly with the recent rise in fraud, fines for poor implementation of regulatory requirements, and the growth of embedded finance", said Edwina Johnson, head of Global at Alloy. "We're excited to bring Alloy's unique platform, and team, to companies operating worldwide."
Now live in 40 countries with document verification support for 195 countries, Alloy enables clients to pull in customer information, traditional credit bureau data, and other alternative data through a single point of integration, providing a more complete picture of their customer. With nearly 40 data sources currently supporting global coverage, long-standing data partners like ComplyAdvantage, Onfido, Experian, and GB Group companies play a key role in delivering best-in-class fraud solutions on a global scale.
Alloy has launched new partnerships with global data providers, including:
- Codat
- FullCircl
- Global Data Consortium
- Nova Credit
- Prove
- Sift
- Trulioo
- Veriff
"In our borderless world, the ability to offer robust data sets that span the globe has never been more imperative. As proponents of a global-first approach, we are keen on collaborating with Alloy to ensure our customers around the world can navigate the complexities of KYC, KYB and Watchlist requirements to onboard entities with ease," said Garient Evans, SVP, Identity Solutions at Trulioo.
To learn more about Alloy, visit https://www.alloy.com
Alloy helps over 300 banks and fintech companies make safe and seamless fraud, credit, and compliance decisions. Founded in 2015 and backed by leading investors from Lightspeed Venture Partners, Bessemer, and Canapi Ventures, Alloy's platform connects companies to more than 150 data sources of KYC/KYB, AML, credit, and compliance data through a single API to help create a future without fraud. Learn more at https://www.alloy.com
Media Contact:
Kylee Sibilia
kylee@alloy.com
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SOURCE Alloy | https://www.wbtv.com/prnewswire/2022/08/03/alloy-announces-global-expansion/ | 2022-08-03T12:46:22Z | https://www.wbtv.com/prnewswire/2022/08/03/alloy-announces-global-expansion/ | true |
Suffolk fraudster handed suspended sentence for role in £13m 'Ponzi' scheme
- Credit: PA
A Suffolk man has been handed a suspended prison sentence for his role in a £13m 'Ponzi' scheme.
Jeffrey Razaq, 60, of Gunton Cliff, Lowestoft received a twelve-month suspended sentence at Southwark Crown Court on Tuesday, July 26, after being found guilty of conspiracy to commit fraud, conspiracy to launder and acquiring criminal property.
Razaq was part of a group of fraudsters who pocketed over £13 million after running a 'Ponzi' property scheme in Essex, one of the largest of its kind, and defrauded over 800 investors through their company 'Essex and London Properties Ltd'.
In 2015, a dormant property company was purchased and renamed Essex and London Properties Ltd (ELP).
It claimed to buy distressed properties along the new Cross Rail route, now called the Elizabeth Line, running from London to Essex, which would then be refurbished and re-sold at a profit.
In May 2017, Essex Police specialist fraud investigators began investigating ELP after an investor reported that he may have been the victim of fraud.
Investigators found that more than 800 people had already invested within the company.
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Each one had made payments ranging between £5,000 and £140,000.
Once the initial payment had been made, they had then been pressured to purchase increasingly larger stakes in the fraud using a high-pressure sales tactic known as a 'boiler room operation'.
The team running ELP used calculated campaigns to try and convince investors they were legitimate, including: playing a pre-recorded background noise during a cold call to suggest they were calling from a busy office; renting several offices in Kent and London where they would meet with investors to discuss the scheme; and creating a professional brochure using stolen photos of properties from estate agents, which also included 'recommended' solicitor details to suggest they were endorsed by firms.
False Land Registry documents alleging they had purchased properties in Chelmsford, Brentwood and Colchester were also created and records were uploaded on companies registers, which listed existing investors and added a degree of reassurance to those looking to invest.
ELP paid the initial interest of the first wave of investors to keep up appearances, not from returns on their investments but with the money transferred by new investors.
This is known as a Ponzi scheme.
Any remaining money would then be transferred overseas and into the accounts of other companies owned by the shareholders, who also received substantial sums into their own personal bank accounts.
Two of the fraudsters pocketed over £500,000 each and a third pocketed over £250,000.
In reality, ELP only ever purchased a single property in Harwich, for less than 1% of the overall money they collected.
Instead, investors' money was used to pay back those who invested earlier and to fund the lifestyle of those committing the fraud.
Within a month of Essex Police's investigation starting, a restraint order was issued through the courts to freeze ELP's assets.
In November 2018, it was ordered into liquidation by Her Majesty's High Court of Justice.
Mohammed Tanveer, 33, of Coventry Road, Ilford, Essex, who was involved in the running of ELP, was arrested at his home.
He was later charged and pleaded guilty to both conspiracy to commit fraud and conspiracy to launder the proceeds of fraud.
A further six men were charged as part of the investigation.
On Friday, April 22, 2022, after an 11-week trial at Southwark Crown Court and more than 34 hours of deliberations, four of the men were found guilty of conspiracy to commit fraud, conspiracy to launder and acquiring criminal property.
Two men were found not guilty.
On Tuesday, July 26, four of the men were sentenced at the same court.
Florian Pierini, 35, of no fixed abode, was sentenced to five years imprisonment and disqualified as a company director for five years.
Mohammed Tanveer, 33, of Coventry Road, Ilford, Essex, was jailed for five years.
Mohammad Hussain, 31, of Church Close, Kidlington, Oxfordshire, was sentenced to four-and-a-half years imprisonment and was disqualified as a company director for five years.
Jeffrey Razaq, 60, of Gunton Cliff, Lowestoft, Suffolk, received a 12-month suspended sentence for 12 months and ordered to complete 200 hours of unpaid work.
A fifth man is due to be sentenced on Friday, September 2.
Detective Constable Greig Avery, of Essex Police serious economic crime unit, said following the case: “A dedicated team of specialists including the insolvency service and HMRC have been assigned to this case over the past five years and have worked tirelessly to get justice for victims.
“I want to make it clear that these men went to exceptional lengths to add credibility to their enterprise.
“They used every tactic they could think of to pretend it was an established, legitimate company and shamelessly conned hundreds of investors out of millions of pounds.
“On one occasion, they even showed a potential investor around a property they were looking to ‘add to their portfolio’, which of course never happened.
“Funding a lavish lifestyle off of the hard earnings of other people is in my mind, a sickening crime and included an all-expenses paid trip to Dubai and hiring a private yacht.
“This was a sophisticated fraud which financially impacted a large number of victims and I’m incredibly proud that we’ve been able to stop them in their tracks and bring them to justice.”
ELP’s assets have been frozen and a confiscation hearing under the Proceeds of Crime Act will be held in the future.
It was also placed into liquidation as a result of a winding up petition in 2018. | https://www.eadt.co.uk/news/crime/lowestoft-man-suspended-sentence-for-essex-ponzi-scheme-9187850 | 2022-08-03T12:48:11Z | https://www.eadt.co.uk/news/crime/lowestoft-man-suspended-sentence-for-essex-ponzi-scheme-9187850 | false |
SUZHOU, China, Aug. 3, 2022 /PRNewswire/ -- Kintor Pharmaceutical Limited ("Kintor Pharma", HKEX: 9939), a clinical-stage biotechnology company developing innovative small molecules and biological therapeutics, today announced that the company completed the enrollment of 121 patients for its phase II clinical trial of KX-826 ("pyrilutamide") in the United States for the treatment of male androgenetic alopecia (AGA) patients on August 1, 2022.
The phase II trial (NCT05218642) in the US is a randomized, double-blind, placebo-controlled, parallel-group study designed to evaluate the efficacy and safety of KX-826 for the treatment of AGA in adult males. The primary endpoint for the trial is the change from baseline in non-vellus target area hair counts (TAHC) at week 24 in comparison to placebo.
Dr. Youzhi Tong, founder, Chairman, and CEO of Kintor Pharma, commented, "About 83 million men and women in the US are suffering hair loss and the number in China has exceeded 252 million, hair loss is gradually becoming the focus of the whole society. As a topical AR antagonist, KX-826 has showed a good efficacy and safety profile in our phase II clinical trial in China for the treatment of AGA in male patients. We look forward to accelerating the clinical process of KX-826 to the benefit of those that suffer from hair loss."
About Androgenic Alopecia (AGA)
AGA, which is hair loss caused by excessive production of androgens, accounts for more than 90 percent of hair loss. The population of those who suffer from hair loss has a large number and tends to be younger, but there are few therapeutic options. Safer and more effective treatments are needed to address the concerns of men and women suffering from hair loss.
About KX-826
KX-826 is an androgen receptor (AR) antagonist and a potential first-in-class topical drug for the treatment of AGA and acne vulgaris. For the AGA indication, on 8 September 2021, Kintor Pharma announced that the primary endpoint of the phase II clinical trial of KX-826 on adult male patients was met, with results demonstrating a positive safety profile and good efficacy. Kintor Pharma now is conducting a phase III clinical trial of KX-826 in China and a phase II clinical trial of KX-826 in the US for male AGA patients. Kintor is also conducting a phase II clinical trial of KX-826 for female AGA patients in China. For the acne vulgaris indication, Kintor Pharma is conducting a phase II clinical trial of KX-826 in China for the treatment of acne vulgaris.
About Kintor Pharmaceutical Limited
Kintor Pharmaceutical Limited is developing and commercializing a robust pipeline of innovative small molecule and biological therapeutics for androgen-receptor-related disease areas with unmet medical needs, including COVID-19, prostate, breast and liver cancers, alopecia and acne. For more information, visit www.kintor.com.cn.
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SOURCE Kintor Pharma | https://www.wsaz.com/prnewswire/2022/08/03/kintor-pharma-announces-completion-patient-enrollment-phase-ii-clinical-trial-kx-826-treatment-androgenetic-alopecia-us/ | 2022-08-03T12:49:34Z | https://www.wsaz.com/prnewswire/2022/08/03/kintor-pharma-announces-completion-patient-enrollment-phase-ii-clinical-trial-kx-826-treatment-androgenetic-alopecia-us/ | false |
U.S. House Speaker Nancy Pelosi, meeting leaders in Taiwan despite warnings from China, said Wednesday that she and other members of Congress in a visiting delegation are showing they will not abandon their commitment to the self-governing island.
“Today the world faces a choice between democracy and autocracy,” she said in a short speech during a meeting with Taiwanese President Tsai Ing-wen. “America’s determination to preserve democracy, here in Taiwan and around the world, remains ironclad.”
China, which claims Taiwan as its territory and opposes any engagement by Taiwanese officials with foreign governments, announced multiple military exercises around the island, parts of which will enter Taiwanese waters, and issued a series of harsh statements after the delegation touched down Tuesday night in the Taiwanese capital, Taipei.
Taiwan decried the planned actions.
“Such an act equals to sealing off Taiwan by air and sea, such an act covers our country’s territory and territorial waters, and severely violates our country’s territorial sovereignty,” Capt. Jian-chang Yu said at a briefing by the National Defense Ministry.
The Chinese military exercises, including live fire, are to start Thursday and be the largest aimed at Taiwan since 1995, when China fired missiles in a large-scale exercise to show its displeasure at a visit by then-Taiwanese President Lee Teng-hui to the U.S.
China's official Xinhua News Agency announced the military actions Tuesday night, along with a map outlining six different areas around Taiwan. Arthur Zhin-Sheng Wang, a defense studies expert at Taiwan’s Central Police University, said three of the areas infringe on Taiwanese waters, meaning they are within 12 nautical miles (22 kilometers) of shore.
Using live fire in a country's territorial airspace or waters is risky, said Wang, adding that "according to international rules of engagement, this can possibly be seen as an act of war."
Pelosi's trip has heightened U.S.-China tensions more than visits by other members of Congress because of her high-level position as leader of the House of Representatives. She is the first speaker of the House to visit Taiwan in 25 years, since Newt Gingrich in 1997.
Taiwanese President Tsai responded Wednesday to Beijing's military intimidation.
“Facing deliberately heightened military threats, Taiwan will not back down,” Tsai said at her meeting with Pelosi. “We will firmly uphold our nation’s sovereignty and continue to hold the line of defense for democracy.”
Tsai, thanking Pelosi for her decades of support for Taiwan, presented the speaker with a civilian honor, the Order of the Propitious Clouds.
China's response has been loud and varied.
Shortly after Pelosi landed Tuesday night, China announced live-fire drills that reportedly started that night, as well as the four-day exercises starting Thursday.
The People's Liberation Army Air Force also flew a contingent of 21 war planes Tuesday night, including fighter jets, toward Taiwan. Chinese Vice Foreign Minister Xie Feng also summoned the U.S. ambassador in Beijing, Nicholas Burns, to convey the country's protests the same night.
Chinese state broadcaster CCTV published images of PLA drills and video Wednesday, although it was unclear where they were being conducted.
Pelosi addressed Beijing’s threats Wednesday morning, saying she hopes it’s clear that while China has prevented Taiwan from attending certain international meetings, "that they understand they will not stand in the way of people coming to Taiwan as a show of friendship and of support.”
Pelosi noted that support for Taiwan is bipartisan in Congress and praised the island’s democracy. She stopped short of saying that the U.S would defend Taiwan militarily, emphasizing that Congress is “committed to the security of Taiwan, in order to have Taiwan be able to most effectively defend themselves.”
Her focus has always been the same, she said, going back to her 1991 visit to Beijing's Tiananmen Square, when she and other lawmakers unfurled a small banner supporting democracy two years after a bloody military crackdown on protesters at the square. That visit was also about human rights and what she called dangerous technology transfers to “rogue countries.” | https://www.abcactionnews.com/news/national/pelosi-says-us-will-not-abandon-taiwan-as-china-protests | 2022-08-03T12:49:45Z | https://www.abcactionnews.com/news/national/pelosi-says-us-will-not-abandon-taiwan-as-china-protests | false |
Inflation weighs on back-to-school buying for many families
NEW YORK (AP) — To understand the impact of surging inflation on this year’s back-to-school spending, look no further than children’s rain boots with motifs like frogs and ladybugs made by Washington Shoe Co.
Spending held steady for these evergreen items even after the Kent, Washington-based business was forced to pass along 15% price increases in January to its retail clients because of soaring transportation costs. But by May, as gas and food prices also surged, shoppers abruptly shifted away from the $35 higher-end rain boots to the no-frills versions that run $5 to $10 cheaper, its CEO Karl Moehring said.
“We are seeing consumers shift down,” said Moehring, noting dramatic 20% sales swings in opposite directions for both types of products. “Wages are not keeping up with inflation.”
This back-to-school shopping season, parents — particularly in the low to middle income bracket — are focusing on the basics while also trading down to cheaper stores amid surging inflation, which hit a new 40-year high in June.
Last week, Walmart noted higher prices on gas and food are forcing shoppers to make fewer purchases of discretionary items, particularly clothing. Best Buy, the nation’s largest consumer electronics chain, cited that inflation has dampened consumer spending on gadgets. Both companies cut their profit forecasts as a result.
Such financial struggles amid the industry’s second-most important shopping season behind the winter holidays mark a big difference from a year ago when many low-income shoppers, flush with government stimulus and buoyed by wage increases, spent freely.
Matt Priest, CEO of trade group Footwear Distributors & Retailers of America, noted that last year, the group’s retail members saw a noticeable uptick in online sales mid-month when shoppers received their monthly child tax credit checks that amounted to a couple of hundred dollars. This season, without that bump, he expects shoppers will buy fewer shoes for their children and rely on private label brands.
Inflation has squeezed household finances for Jessica Reyes, 34, who took her daughters Jalysa, 7, and Jenesis, 5, to a “Back to School Bash” event last month in the Chicago’s northside that offered free backpacks filled with supplies for students.
“I feel like everything is going up these days,” she said at the event. “We’re a one-income household right now ... so I think it’s greatly affected us in all areas, in bills and in house necessities and school necessities.”
Out shopping, her girls were drawn to the school supplies featuring TV characters and animals they love, but she’ll focus on the plain versions.
“They want the cute ones, you know, the kitty ones. And those are always more expensive than the simple ones. And same thing with folders, or notebooks, or pencils,” Reyes said.
Earlier, Manny Colon and his daughters Jubilee, 8, and Audrey, 5, stopped by the back-to-school event to pick out backpacks.
Colon, 38, works at his daughters’ elementary school. He said his spouse has had to pick up extra work because of high prices for school supplies, groceries and gas.
“I think it’s definitely impacted us,” he said.
Multiple forecasts point to a solid back-to-school shopping season.
Mastercard SpendingPulse, which tracks spending across all payment forms including cash, forecasts back-to-school spending will be up 7.5% from July 14 through Sept. 5 compared with the year-ago period when sales rose 11%. For the 2020 back-to-school period, sales fell 0.8% as the pandemic wreaked havoc on schools’ reopening plans and back-to-school shopping.
Still, higher prices are propping up much of the numbers.
A basket of roughly a dozen supply items showed a price increase of nearly 15% on average for this back-to-school season compared with a year ago, according to retail analytics firm DataWeave. The price of backpacks are up nearly 12% to an average of $70, for example.
Back 2 School America, an Illinois-based nonprofit that distributes back-to-school kits to kids from low-income families, has seen “a significant increase in costs of supplies,” including a 10% increase from their vendor with another possible mark-up on the way, said the organization’s CEO Matthew Kurtzman. And shipping costs have also gone up.
Thanks to increased support this year, Back 2 School America will be able to cover the new costs and is on track to distribute more kits than ever before — 12,000 so far, and more than 30,000 by the end of August, Kurtzman said. But the funding isn’t guaranteed in the future as worries about a recession increase.
Retailers face big challenges to get shoppers to spend, particularly on clothing.
Walmart said last week it was taking extra discounts on clothing to clear out inventory. Analysts believe those sales will exert more pressure on other rivals to discount more to stay competitive. However, Walmart said it’s encouraged by the early signs for sales of school supplies.
Meanwhile, Gap’s low-price Old Navy division is guaranteeing a price freeze on its denim from July 29 through the end of September.
As for Washington Shoe, Moehring said he’s shifting production away from higher priced children’s boots to more value-priced products in the months ahead. The company still sees annual sales ahead of last year, but he’s being cautious.
“I believe it is a muddy outlook,” he said.
______
Claire Savage reported from Chicago and is a corps member for the Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.
____
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Copyright 2022 The Associated Press. All rights reserved. | https://www.valleynewslive.com/2022/08/03/inflation-weighs-back-to-school-buying-many-families/ | 2022-08-03T12:49:57Z | https://www.valleynewslive.com/2022/08/03/inflation-weighs-back-to-school-buying-many-families/ | true |
SÃO PAULO, Aug. 3, 2022 /PRNewswire/ --
2Q22 Highlights
Best adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) for a second quarter, reaching R$ 6.7 billion, with an adjusted EBITDA margin of 29.1%.
Adjusted EBITDA from the North America Business Operation reaches R$2.8 billion, with an adjusted EBITDA margin of 33.1%, both historical records for a quarter.
Indebtedness level reaches its lowest historical level, with the ratio between net debt and adjusted EBITDA decreasing from 0.65x to 0.18x compared to the second quarter of 2021.
Gerdau published its 2021 Annual Report based, for the third time, on the Global Reporting Initiative (GRI) standards, reinforcing its commitment to transparency with its stakeholders. This year, the company also adhered to the Sustainability Accounting Standards Board (SASB) Iron & Steel Producers and Metal & Mining standards.
Additional Information
Gerdau S.A. (NYSE: GGB, BM&Fbovespa: GGBR3, GGBR4) informs that it is filling today its 2Q22 results at the Securities and Exchange Commission (SEC) and at the Comissão de Valores Mobiliários (CVM), which are available at Gerdau's website. To access this document, please click on https://ri.gerdau.com/en/notices-and-results/results-center/.
The 2Q22 Valuation Guide is also available at Gerdau's website.
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SOURCE Gerdau S.A. | https://www.wbtv.com/prnewswire/2022/08/03/gerdau-sa-consolidated-information/ | 2022-08-03T12:50:14Z | https://www.wbtv.com/prnewswire/2022/08/03/gerdau-sa-consolidated-information/ | false |
Parliament proceedings | Govt withdraws Data Protection Bill
New Delhi August 03, 2022 17:44 ISTThe Data Protection Bill was introduced on December 11, 2019
The Personal Data Protection Bill, 2019 has been withdrawn by the government in the Lok Sabha on August 3.
Also read: Explained | Does data protection Bill have safeguards on privacy?
The Bill was introduced on December 11, 2019. It was referred to the Joint Committee of the Houses for examination and the report of the committee was presented to the Lok Sabha on December 16, 2021.
The Bill, withdrawn by IT Minister Ashwini Vaishnaw, aimed to provide protection of digital privacy to individuals relating to their personal data, specify the flow and usage of data, and create a relationship of trust between persons and entities processing the data.
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CHICAGO, Aug. 3, 2022 /PRNewswire/ -- HUB International Limited (Hub), a leading full-service global insurance brokerage and financial services firm, announced today that it has acquired the assets of WealthPlan Advisors, LLC (WealthPlan Advisors). Terms of the transaction were not disclosed.
Headquartered in Scottsdale, Arizona, WealthPlan Advisors is an independent investment advisor providing retirement plan and investment consulting. WealthPlan Advisors has nearly 600 clients with assets of more than $2.3 billion as of March 2022.
"Expanding our retirement and wealth advisory services in our region is of critical importance as we continue to add value for our clients and as their needs continue to grow," said Randy Perkins, President of Hub Southwest.
"We are excited to welcome the whole WealthPlan Advisors team and clients to Hub," said Joe DeNoyior, President of Hub Retirement and Wealth Management. "WealthPlan Advisors will be a tremendous asset to our clients and will allow us to continue expanding our retirement and wealth planning services in the Southwest and across the U.S."
The WealthPlan Advisors team will join the Hub Southwest region.
"Joining Hub is an exciting new chapter for our firm," said Scott Schlappi, President of WealthPlan Advisors. "Hub continues to grow in the retirement and wealth planning space, and the amount of talent, resources and tools they have is a win for us and will greatly benefit our clients."
WealthPlan Advisors was represented by Wise Rhino Group for the transaction.
Hub Retirement and Private Wealth ("RPW") offers institutional and retirement services to for-profit and not-for-profit organizations and customized private wealth management services to individuals and families. Employees of Hub International offer securities through partner Broker Dealers not affiliated with Hub. Employees of Hub provide advisory services through both affiliated and unaffiliated Registered Investment Advisors (RIA). Global Retirement Partners, LLC, Millennium Advisory Services, Inc, TCG Advisors, Hub Investment Advisors, LLC, HUB International Investment Advisory Services, Inc., and Sheridan Road Advisors, LLC are wholly owned subsidiaries of Hub International. Learn more about Hub Retirement and Private Wealth.
Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. For more information on the Hub M&A experience, visit WeAreHub.com.
Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 14,000 employees in offices located throughout North America, Hub's vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so clients are ready for tomorrow. For more information, please visit www.hubinternational.com.
Media: Jessica Wiltse
Phone: 312-596-7573
jessica.wiltse@hubinternational.com
M&A: Clark Wormer
Phone: 312.279.4848
Clark.wormer@hubinternational.com
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SOURCE Hub International Limited | https://www.wibw.com/prnewswire/2022/08/03/hub-international-builds-retirement-wealth-advisory-services-with-acquisition-assets-wealthplan-advisors-llc-arizona/ | 2022-08-03T12:52:27Z | https://www.wibw.com/prnewswire/2022/08/03/hub-international-builds-retirement-wealth-advisory-services-with-acquisition-assets-wealthplan-advisors-llc-arizona/ | false |
BESSEMER, Ala., Aug. 3, 2022 /PRNewswire/ -- Current Congressional efforts to reduce drug prices for Americans are laudable, but the latest proposals in the current Senate reconciliation bill – while addressing some major concerns – disregard a major flaw in our healthcare system, officials with American Pharmacy Cooperative, Inc. (APCI) said today.
Proposals detailed in the Inflation Reduction Act of 2022 (H.R. 5376) to cap out-of-pocket costs for seniors in Medicare Part D and to allow the Centers for Medicare and Medicaid Services to negotiate directly with drug makers for some high-cost pharmaceuticals are admirable. However, these provisions in the reconciliation bill are bandages on a broken prescription drug pricing system in the United States. No effort to "right the ship" can be complete if it does not address anticompetitive pharmacy benefit manager (PBM) practices that increase prescription drug prices and restrict patient choice and access to care.
"PBMs are among the richest corporations on earth and they play a central role in the price of and access to prescription drugs," said APCI CEO Tim Hamrick. "We commend the Senate for its efforts to make prescription drugs more affordable for all Americans in the current reconciliation bill. But to do that, Congress should focus on PBM practices which continue to drive prescription price increases and keep patients from affording the lifesaving drugs that they need."
To effectively combat rising prescription drug costs and the lack of transparency in America's prescription pricing system, Congress should:
- Rein in abusive PBM practices and implement a transparent drug pricing model in Medicare Part D;
- Reform Medicaid managed care including prohibiting PBM spread pricing; and
- Preserve the rebate rule.
The problems with the American drug pricing model are systemic and fueled in large part by PBMs. Seeking to empower CMS to negotiate drug prices directly with drug makers is a tacit admission that entrusting PBMs to negotiate lower drug prices is failed policy.
A 2022 study by 3 Axis Advisors ("Deserving of better: How American seniors are paying for misaligned incentives within Medicare Part D") revealed how a large Part D plan raised prices for generic medications for seniors by 51 percent in a 30-month period – despite actual pricing for the same medications declining by 8.7 percent during the same time frame. The study also found potential savings of $18.7 billion in Part D in one year alone by removing the PBMs' ability to play drug pricing games and moving to a market-based pharmacy reimbursement model via paying pharmacy at the National Average Drug Acquisition Cost (NADAC) plus a $10 dispensing fee.
"The 'non-interference clause' in Medicare Part D has empowered PBMs to engage in unfair practices and pricing manipulation free of CMS oversight," said APCI's Director of Healthcare Policy Greg Reybold. "Our recommendations are to rein in abusive PBM practices such as patient steering and underwater reimbursements to community pharmacies and to move toward a market-based model in which drug prices are based on pharmacy acquisition costs and not artificially inflated PBM pricing."
"PBMs have played a large role in Medicare Part D since the program's inception and two things have happened," added APCI Director of Government Affairs Bill Eley. "Drug prices have risen and PBM profits have soared. For an industry whose existence is predicated on saving money for patients, PBMs seem to be doing a horrible job. It's time for Congress to act."
PBM-negotiated "rebates" from drug manufacturers are excluded in the CMS definition of "negotiated price," which means that when a PBM negotiates a rebate neither the PBM nor the prescription drug plan is required to pass on those savings to America's seniors at the pharmacy counter. These rebates drive "pay to play" formulary decisions, drug steering, and brand drug mandates.
These practices have not gone unnoticed by the U.S. Federal Trade Commission (FTC), as demonstrated by the commission's recently announced study of PBM practices and a new policy statement on rebate practices that exclude lower cost drugs.
"That Congress would entertain a permanent repeal of the rebate rule at a time when PBM rebate practices are a target of the FTC – and when the rule's implementation had already been delayed – is deeply concerning," Reybold said. "The outsized role PBM-extracted drugmaker rebates play in today's broken prescription drug system should compel action, not give PBMs a pass to engage in business as usual."
Previous versions of Congress' prescription drug pricing legislation looked to reform PBM practices in Medicaid managed care by implementing a market-based reimbursement model using the NADAC pricing benchmark, along with a ban on spread pricing and requiring pharmacies to report their drug purchases to NADAC. These solutions would save taxpayers billions of dollars while at the same time increasing transparency and paying pharmacies fairly for the prescriptions they dispense.
"Medicaid managed care reform isn't complicated, and it's the right thing to do," Eley said. "It makes sense for taxpayers and for America's community pharmacists who continue to be exploited while PBMs and managed care companies siphon off billions of taxpayer dollars to feed their corporate profits via spread pricing practices."
APCI is a member-owned cooperative of more than 1,600 member pharmacies in 30 states. Established in 1984 and headquartered in Bessemer, Ala., APCI is proud to lead the fight for prescription drug pricing transparency and reform.
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Launces Little West Canadian E-Commerce and Expands Wholesale Distribution into Canada
VANCOUVER, BC, Aug. 3, 2022 /PRNewswire/ - PlantX Life Inc. (CSE: VEGA) (Frankfurt: WNT1) (OTCQB: PLTXF) ("PlantX" or the "Company") the digital face of the plant-based community, operating a one-stop shop for plant-based products, today announced the international expansion of its Little West cold-pressed juice brand and e-commerce platform to Canada. As part of the expansion, Little West has launched a Canadian version of its e-commerce website (littlewestjuice.ca) and plans to expand its wholesale business into physical retail outlets across the country.
Acquired by PlantX in May 2021, Little West is a California-based cold-pressed juice company that offers a wide range of beverages and products that emphasize health and wellness with a focus on locally sourced, high-quality, and fresh ingredients. Little West is the realized vision of Cassandra Troy and Andrew Walker, who launched the business in 2013 with the aim of inspiring healthier lifestyles for all and making the world a greener place. Since being acquired by PlantX, Little West has added new products and consumer-friendly bundles.
"We have seen amazing success with our littlewest.com website, and since the founders of Little West are Canadian and so is PlantX, it was only natural for us to bring these amazing juices to Canada," said PlantX CEO, Lorne Rapkin. "We expect to work with local influencers to bring increased awareness and we will leverage the success we achieved in the United States to build the brand throughout North America."
The Little West Canadian e-commerce website features merchandise and different flavors of juice, available in kits and cleanses. Consumers can create one-time boxes of different quantities of juices or arrange regular deliveries to facilitate a healthy, delicious lifestyle.
In addition to the Canadian e-commerce website, Little West Juices are available in retail locations in the United States, including Whole Foods and Pavilions.
PlantX announces that further to its news release dated July 11, 2022 (the "Default Announcement"), the Company's principal regulator, the British Columbia Securities Commission, has granted a management cease trade order (the "MCTO"), pursuant to the Company's application made under National Policy 12-203 – Management Cease Trade Orders ("NP 12-203"). The MCTO as issued is in connection with the delay by the Company in filing its audited annual financial statements, management's discussion and analysis and related certifications for the fiscal year ended March 31, 2022 (collectively, the "Required Filings") before the prescribed deadline of July 29, 2022.
The Company requested and received an extension relating to the Required Filings due to additional time needed to complete the Company's previously announced restatement of its annual audited comparative financial statements for the fiscal year ended March 31, 2021 and to implement internal control procedures as a result of the restatement process.
The Company is working diligently with its auditors expects to have the audit of the Required Filings completed, and the Required Filings filed within 30 days, and in any event, no later than September 27, 2022.
The MCTO restricts all trading in securities of the Company, whether direct or indirect, by the Chief Executive Officer or the Chief Financial Officer until such time as the Required Filings have been filed by the Company and the MCTO has been lifted. Furthermore, the Company will not be able to, directly or indirectly, issue securities to or acquire securities from an insider or employee of the Company except in accordance with legally binding obligations to do so existing as of July 29, 2022.
The MCTO does not affect the ability of shareholders who are not insiders of the Company to trade their securities. However, the applicable Canadian securities regulatory authorities could determine, in their discretion, that it would be appropriate to issue a general cease trade order against the Company affecting all of the securities of the Company.
The Company is providing this status update in accordance with NP 12-203. The Company intends to follow the provisions of the Alternative Information Guidelines set out in NP 12-203, including the issuance of bi-weekly default status reports in the form of news releases, for as long as the Company remains in default of the Required Filings. The Company confirms as of the date of this news release that there has been no material change in the information contained in the Default Announcement issued on July 11, 2022 and there is no other material information concerning the affairs of the Company that has not been generally disclosed.
As the digital face of the plant-based community, PlantX's platform is a one-stop shop for plant-based products. With its fast-growing category verticals, the Company offers customers across North America more than 5,000 plant-based products. In addition to offering delivery service for meals and indoor plants, the Company currently has plans underway to expand its product lines to include a juice and coffee company. The Company uses its digital platform to build a community of likeminded consumers and, most importantly, to provide education. Its successful enterprise is being built and fortified on partnerships with the top nutritionists, chefs, and brands. The Company's digital presence works to eliminate the barriers to entry for anyone interested in living a plant-based lifestyle and thriving in a longer, healthier, and happier life.
Connect with PlantX: Email | Website | Facebook | LinkedIn | Twitter | Instagram | YouTube | TikTok
This press release contains "forward-looking information" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as "may," "will," "expect," "likely", "should," "would," "plan," "anticipate," "intend," "potential," "proposed," "estimate," "believe" or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy. The forward-looking information contained herein includes, without limitation, statements regarding the expansion of Little West in Canada, the MCTO, the filing of the Required Filings, the Company issuing bi-weekly status updates and the business and strategic plans of the Company.
By its nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct, and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release including, without limitation: receiving sufficient demand for the Offering; the Company's ability to comply with all applicable governmental regulations including all applicable food safety laws and regulations; impacts to the business and operations of the Company due to the COVID-19 epidemic; the conflict in eastern Europe; having a limited operating history; the ability of the Company to access capital to meet future financing needs; the Company's reliance on management and key personnel; competition; changes in consumer trends; foreign currency fluctuations; and general economic, market or business conditions.
Additional risk factors can also be found in the Company's continuous disclosure documents, which have been filed on SEDAR and can be accessed at www.sedar.com. Readers are cautioned to consider these and other factors, uncertainties and potential events carefully and not to put undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date of this press release and is based on the beliefs, estimates, expectations and opinions of management on the date such forward-looking information is made. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
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Report reveals difference between restaurants' and employees' perceptions of DEI initiatives
New ELEVATE – A Menu for Change framework provides innovative tools for DEI success in restaurants of all sizes
WASHINGTON, Aug. 3, 2022 /PRNewswire/ -- Today, the National Restaurant Association released a landmark diversity, equity, and inclusion (DEI) report measuring the awareness and perceived effectiveness of DEI practices among employers and employees in the restaurant industry. The research, conducted in collaboration between the National Restaurant Association, the National Restaurant Association Educational Foundation (NRAEF), the Multicultural Foodservice & Hospitality Alliance (MFHA), and Cornell University Nolan School of Hotel Administration, found an association between the impact of DEI strategies and foodservice workers' job satisfaction. The study also highlighted differences between a company's perceptions about its DEI effectiveness and its employees' experiences. Ultimately, the report reinforces the critical importance of effective DEI policies in driving employee engagement and retention within the restaurant industry.
To support the development of effective DEI programs across the industry, MFHA created ELEVATE – A Menu for Change. The framework provides restaurant operators with proactive business strategies and plans for building a more diverse, inclusive, and engaged workforce.
"This research highlights the opportunity for companies to elevate their DEI game," said Gerry Fernandez, President and Founder of the Multicultural Foodservice & Hospitality Alliance. "We have this incredible opportunity to listen, learn, and act to improve our DEI practices. Committing to and investing in these changes can increase retention of current restaurant industry employees and enhance the overall perception of working in the restaurant industry. Our mission is to open doors of opportunity for people from all backgrounds and we are eager to help do whatever it takes to ensure our industry is the gold standard for diversity, equity, and inclusion."
Key Findings of the Report
Employer reporting of employee demographics over-estimates the number of historically marginalized communities in the restaurant industry, especially at the mid- and upper levels of management, compared with how employees self-report.
When asked about the current profile of diversity in the foodservice industry, individuals typically reported differently than the enterprise. This suggests businesses may perceive an environment of diversity that is different than what is experienced by employees. If left unchecked, this has the potential to minimize the experience of historically marginalized communities; limit an organization's ability to recognize the need for a more diverse workforce and change recruiting policies accordingly; and create an environment for turnover. Key findings include:
- Enterprise-level reporting of gender demographics is different than individual employee reporting. Enterprises underreport the percentage of female employees and overreport the representation of non-binary/non-conforming employees compared with how employees self-report (55% of individuals identify as female, enterprises report 35%; 1% of individuals identify as non-binary/non-conforming, enterprises report 18%).
- A greater percentage of individual employees self-identify as Hispanic, Black/African American, and other races than enterprises report.
- Enterprises reported a higher representation of people with disabilities than individuals indicated; 16% of individual employees self-reported having a disability, while enterprises report 34%.
Employee and employer perceptions of current DEI initiatives differed on the effectiveness and awareness of the policies.
Enterprises generally believe they have created work environments that support DEI, yet awareness of those policies is often weak among current employees, and even more so among former employees. This can lead employees to believe that DEI is not a strategic priority, which can ultimately lead to a lack of job satisfaction and higher turnover. Key findings include:
- 92% of enterprises report having dedicated DEI initiatives, however there is limited awareness of those policies among employees. For example, 78% of enterprises reported having employee diversity training or awareness events, while only 48% of current employees and 34% former employees reported receiving this training.
- 73% of enterprises believe that a diverse workforce improves a company's innovation, yet 54% of enterprises believe that money spent on diversity programs is not having a noticeable impact.
- 58% of enterprises believe that they provide adequate DEI training.
- 30% of current employees and 14% of former employees believe the diversity programs in place at their restaurants have a positive impact on the workplace.
When restaurant employees leave the industry, many do not return. Respect and a culture of belonging are associated with job satisfaction and intent to stay in the industry.
In general, the research suggests that current employees are satisfied with their work and overall have positive views about working in the restaurant and foodservice industry. The report indicates a correlation between employee sentiment about working in the industry and supervisor support. Addressing work challenges, investing in training and team member development, and creating authentic and sustainable employment opportunities through a culture of belonging and inclusion can help to address these gaps. Key findings include:
- 72% of current employees expect to be employed by their current restaurant/organization in one year.
- 77% of former restaurant industry employees are not currently looking for employment in the industry.
- 16% of former restaurant employees expect to return to work in the industry.
ELEVATE – A Menu for Change Framework: A Proven Guide to Creating Successful DEI Programs
To drive positive change in DEI initiatives for enterprises and employees, the MFHA created ELEVATE – A Menu for Change – a step-by-step toolkit with proven best practices and proactive business strategies. Each step reflects actions to be taken by company management to create and foster effective DEI programs. The framework includes tools to help enterprises assess DEI throughout its organization, identify stakeholders, examine what it currently offers, and establish a strong foundation for meaningful change. It also covers topics such as fostering stakeholder communication, establishing goals and success metrics, conveying value to employees, and resources for building successful training and measurement practices.
MFHA plans to support industry execution of the ELEVATE framework by providing a range of supplemental resources, including expert-led DEI sessions among stakeholders, employers and employees, management coaching, and ongoing support for groups of similar organizations moving through the framework together.
"Our people are our greatest asset," said Rob Gifford, President of the National Restaurant Association Educational Foundation. "At the NRAEF, our daily work is to assist the industry in growing this workforce and supporting their career advancement. Both large and small operations face the same challenges: recruiting more diverse leaders and improving retention and development of the current workforce. MFHA's ELEVATE framework is essential to creating best practices — rooted in rigorous research and proven successes — that our community can quickly and easily put into practice, strengthening our workforce, and building greater job satisfaction and interest in industry careers."
"The restaurant workforce is the most diverse across the U.S. economy. The new insight provided by our research and the MFHA's ELEVATE framework creates an opportunity to develop a standard for meaningful DEI programs across the industry," said Michelle Korsmo, President & CEO of the National Restaurant Association and CEO of the National Restaurant Association Educational Foundation. "Our industry historically has welcomed all people looking to chase their American dream with a solid career and ownership potential. As our current and future workforces focus on new goals and change their expectations, we want the industry to continue to be a place that welcomes all and supports personal and professional growth."
The research survey was conducted in August and September 2021 in two tracks: An online survey of 200 enterprise representatives from a population representative of the U.S. restaurant and foodservice industry; and an online survey of current and former employees, and individuals who have never worked in the industry. The combined 5,180 individual respondents were representative of the U.S. restaurant and foodservice industry workforce.
Find more information about the DEI Report on the Restaurant Industry 2022 and ELEVATE – A Menu for Change framework here.
Founded in 1919, the National Restaurant Association is the leading business association for the restaurant industry, which comprises nearly 1 million restaurant and foodservice outlets and a workforce of 14.5 million employees. Together with 52 State Associations, we are a network of professional organizations dedicated to serving every restaurant through advocacy, education, and food safety. We sponsor the industry's largest trade show (National Restaurant Association Show); leading food safety training and certification program (ServSafe); unique career-building high school program (the NRAEF's ProStart). For more information, visit Restaurant.org and find @WeRRestaurants on Twitter, Facebook and YouTube.
As the philanthropic foundation of the National Restaurant Association, the National Restaurant Association Educational Foundation's (NRAEF) mission of service to the public is dedicated to enhancing the industry's training and education, career development and community engagement efforts. The NRAEF and its programs work to Attract, Empower and Advance today's and tomorrow's restaurant and foodservice workforce. NRAEF programs include: ProStart® — a high-school career and technical education program; Restaurant Ready — partnering with community based organizations to provide "opportunity youth" with skills training and job opportunities; Military — helping military servicemen and women transition their skills to restaurant and foodservice careers; Scholarships — financial assistance for students pursuing restaurant, foodservice and hospitality degrees; and the Restaurant & Hospitality Leadership Center (RHLC) — accredited apprenticeship programs designed to build the careers of service professionals. For more information on the NRAEF, visit ChooseRestaurants.org. Click here for the National Restaurant Association Educational Foundation's 2021 Annual Impact Report.
The Multicultural Foodservice & Hospitality Alliance (MFHA) is dedicated to advancing diversity, equity, and inclusion (DEI) across the $899 billion restaurant, foodservice, and hospitality industry. Founded by Gerry Fernandez in 1996, MFHA serves as a leading resource for companies large and small seeking to improve DEI across their organization and to become culturally competent. MFHA provides tailored solutions and guidance that draw from a broad range of best practices, research, DEI partnerships and expertise in current and emerging social issues. www.mfha.net
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Falcons' offensive line depleted ahead of Giants game
The Falcons will be without two of their starting offensive linemen and could be without a third when they face the Giants on Sunday.
Center Joe Hawley (knee) and tackle Lamar Holmes (foot) both were placed on season-ending injured reserve on Tuesday after suffering injuries against the Vikings two days ago. Guard Justin Blalock (back) also left that game with an injury, leaving the team without enough linemen to finish the contest. They wound up moving tight end Levine Toilolo to right tackle in the game. The unit already was missing starting left tackle Sam Baker, who was put on injured reserve with a knee injury in the preseason.
There is a chance the Falcons will have only one of their projected offensive line starters available for Sunday's game: rookie Jake Matthews who moved from right to left tackle when Baker was injured.
The Falcons promoted guard Harland Gunn from the practice squad and signed free agent tackle Cameron Bradfield to replace the injured players.
"You hate to lose guys but when you lose them it's another guy's opportunity to play," Falcons coach Mike Smith said. "It's a no-blink mentality ... We look forward to having these guys go out and help us win games."
Oh, and safety William Moore (shoulder) was placed on injured reserve with a designation to return. He'll be eligible to play again in eight weeks. Safety Sean Baker was promoted from the Falcons' practice squad to replace him. | https://www.newsday.com/sports/football/falcons-offensive-line-depleted-ahead-of-giants-game-s23720 | 2022-08-03T12:57:10Z | https://www.newsday.com/sports/football/falcons-offensive-line-depleted-ahead-of-giants-game-s23720 | false |
Calframax is Sybridge's First Acquisition Focused on the Consumer End-Market
Transaction Marks SyBridge's Twelfth Acquisition in Three Years
SyBridge Continues to Develop into an Industrial Technology Solutions Partner for Customers in High-Growth Industries
SOUTHFIELD, Mich., Aug. 3, 2022 /PRNewswire/ -- SyBridge Technologies ("SyBridge"), a global industrial technology company, announced today that it has acquired Calframax Technologies, Inc. ("Calframax"), a leader in the precision tooling market and headquartered in Oldcastle, Ontario Canada. Calframax expands SyBridge's presence in the consumer end-market. This transaction marks SyBridge's twelfth acquisition since inception in 2019.
Calframax, founded in 1995, is a leader in the construction of precision molds, with market leadership in the manufacturing of rigid plastic molds serving both the consumer goods and industrial pails market. Calframax also supports its customers throughout the production process from design and engineering to aftermarket parts, spares and repairs. Calframax is Sybridge's first acquisition that is focused on the consumer end-market.
SyBridge Technologies was established in 2019 by Crestview Partners, a New York based private equity firm, who committed $200 million of equity to create a market leading value-added manufacturing solutions provider spanning end-markets, geographies, and advanced technological capabilities.
Tony Nardone, CEO of SyBridge, said of the transaction, "Calframax is an exciting expansion into rigid plastic mold making and continues our vision of building a leadership position in consumer goods markets. The combination of Calframax's and SyBridge's capabilities will enable us to better serve Calframax customers throughout North America. With this transaction, SyBridge will be able to leverage its full network of capabilities to seamlessly serve consumer goods customers in North America."
Bill McDonough, President of SyBridge's Consumer & Life Sciences Business Units, added, "Calframax owners Joe Gasparovic and Ray Little have done a great job in building a top tier consumer tooling company. The entire Calframax team will strengthen the Sybridge franchise. We are excited to welcome new team members and work together to support our customers' continued growth investments."
Calframax's owners, Joe Gasparovic & Ray Little, commented "We are very pleased to be part of SyBridge Technologies. Joining forces with their platform is a natural next step in the evolution of our company. We look forward to the opportunities this transaction creates for our customers and employees."
About SyBridge Technologies
SyBridge Technologies was established in 2019 by Crestview Partners to create a global technology leader that provides value-added design and production solutions across multiple industries. SyBridge is based in Southfield, Michigan. For more information, please visit www.sybridgetech.com.
About Calframax Technologies
Founded in 1995, Calframax provides design & engineering, precision manufacturing and aftermarket services for customers in consumer and industrial packaging. Calframax is located in Oldcastle, Ontario. For more information, please visit www.calframax.com.
About Crestview Partners
Founded in 2004, Crestview is a value-oriented private equity firm focused on the middle market. The firm is based in New York and manages funds with approximately $10 billion of aggregate capital commitments. The firm is led by a group of partners who have complementary experience and backgrounds in private equity, finance, operations and management. Crestview has senior investment professionals focused on sourcing and managing investments in each of the specialty areas of the firm: industrials, media, and financial services. For more information, please visit us at www.crestview.com.
For more information, please contact:
Jeffrey Taufield or Daniel Yunger
Kekst CNC
(212) 521-4800
jeffrey.taufield@kekstcnc.com / daniel.yunger@kekstcnc.com
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SOURCE SyBridge Technologies; Crestview Partners | https://www.dakotanewsnow.com/prnewswire/2022/08/03/sybridge-technologies-acquires-calframax-technologies/ | 2022-08-03T12:57:57Z | https://www.dakotanewsnow.com/prnewswire/2022/08/03/sybridge-technologies-acquires-calframax-technologies/ | true |
Tuesday was the biggest primary day left on the 2022 midterm calendar – and there were some telling results that could have implications for this fall, from the state of abortion rights in this country to the risks to Republicans and Democrats posed by former President Trump's influence.
Here are four takeaways from the results in Arizona, Kansas, Michigan, Missouri and Washington state:
1. Abortion-rights supporters get a major boost.
Voters in Kansas rejected a ballot initiative that would have opened the door to allowing lawmakers to significantly restrict abortion rights in the state. But it didn't just fail, it failed decisively.
It's the first time voters have weighed in on the issue since the Supreme Court overturned Roe v. Wade, and it has to be an eye-opener for Republicans. This is conservative Kansas, not New York or California. And it was on the ballot in August because abortion-rights opponents thought it would advantage them with a low-turnout election. But it was no low-turnout affair.
For context, in 2018, only about 450,000 people turned out for the Kansas primary elections. For this ballot measure, it was double. That's about half of Kansas' total registered voters. For a ballot measure in August... wow.
Republican strategists over these last few months have been concerned about how the Supreme Court's decision to overturn Roe would affect the campaigns. This is going to make them raise some eyebrows with their morning coffee, because this result clearly shows where the energy is on the issue of abortion rights right now.
Now, this was a one-issue race in Kansas, and moderate voters and independents have been saying inflation, gas prices and crime are more important to their vote this fall. But abortion rights has skyrocketed up the list of concerns and engaged a Democratic base that was otherwise depressed.
Republicans were on a glide path to take back the House and potentially the Senate, but abortion-rights supporters now have the potential to help Democrats blunt some of those expected GOP gains in the House and hold the Senate.
2. Trump shows his strength in GOP primaries – again.
In Arizona's key Senate race, Blake Masters won with Trump's endorsement and will face the more moderate Democrat Mark Kelly this fall. Masters is a venture capitalist, who has pushed Trump's policies and his election lies.
Masters – who had big financial backing from his friend and mentor, PayPal co-founder Peter Thiel, who poured millions into this race to boost Masters – has said for example, that Democrats "pulled out all the stops" to steal the 2020 presidential election and has suggested this year's midterms might not be on the level.
In the secretary of state's race, a Trump-backed conspiracy theorist and election denier, Mark Finchem, who was on the Capitol grounds on Jan. 6, won the GOP nomination. Finchem is now the sixth election denier across the country to win the Republican nomination for the job that controls election administration in the states.
Four of those places are key presidential swing states — Michigan, Nevada, New Mexico and, now, Arizona.
The big race for Arizona governor between Trump's preferred candidate, Kari Lake, and Karrin Taylor Robson, who had the backing of former Vice President Mike Pence and the outgoing governor Doug Ducey, was still too close to call on Wednesday morning.
Polls had shown Lake, also an election denier, ahead, but Lake only leads by a couple thousand votes.
In the Missouri Senate race, state Attorney General Eric Schmitt handily defeated the controversial former Gov. Eric Greitens. The day before this race, Trump endorsed "ERIC." Just "ERIC," no last name. That doesn't count for much except trolling.
In Michigan, Trump got a win with his candidate, John Gibbs, ousting Peter Meijer, one of the 10 Republicans who voted for his impeachment following his conduct on and before the Jan. 6 insurrection. Democrats boosted Gibbs, spending millions to help oust Meijer, thinking it would give them a better shot at winning the seat in a general election.
It's a Machiavellian move that's part of a larger trend for Democrats in these kinds of races and has irritated even some Democratic lawmakers. It worked in the short term in this race, but, if Gibbs – and other candidates like him – wins, it would come back to bite Democrats (more on that below).
Two other Republican Trump impeachers were also on the ballot in Washington state, Reps. Jaime Herrera Beutler and Dan Newhouse. The races have not been called, as only about half the vote was in by Wednesday morning. Both incumbents lead Republican challengers narrowly in primaries where the top two candidates, regardless of party, move on to the general election.
If they hold on, they would join California's David Valadao as the only Trump impeachers left standing. Four others announced their decision not to run for reelection, and Jan. 6 committee vice chair and principal Trump antagonist Liz Cheney faces her fate in two weeks in Wyoming.
And Cheney is in a lot of trouble. The latest NPR/PBS NewsHour/Marist poll found that just 13% of Republicans nationally had a favorable view of her, as compared to 60% of Democrats. That's a tough position in a very conservative state, where Republicans outnumber Democrats five-to-one and that went more heavily for Trump than any other state in 2020.
Cheney has been trying to appeal to Democrats in her state, but that is unlikely to work. Why? Let's put it this way: she could win every single non-Republican voter in the state – Democrats, independents, libertarians, Constitution Party members and otherwise unaffiliated voters, and she could still lose by almost 50 points. That's a lot of ground to make up with Republicans.
3. Trump and MAGA candidates are going to be tested this fall.
Sure, Trump took out Meijer. But it's a district Biden won by double-digits in 2020, and with the hard-line Gibbs, a Trump Housing and Urban Development appointee, on the ballot, it gives Democrats a key pickup opportunity.
In fact, shortly after the race was called, the Cook Political Report changed the race from Toss Up to Lean Democrat.
Sure, Masters won in the Arizona Senate race, but can someone peddling Trump's election lies and who supports Trump's hard-right policies in the ever-more purple Arizona beat a more moderate candidate like Kelly?
Do these election deniers in secretary of state races win in states Democrats have won in the last several presidential elections when those positions have traditionally gone to fairly nonpartisan people? That's really important, because, as the Jan. 6 hearings have shown, democracy held in 2020, but only because of people who did the right thing.
4. Democrats potentially face a more powerful Trump if he becomes president.
If these candidates do win, though – and it's possible given anyone with a "D" or "R" next to their name in these highly polarized times starts at about 45% in a competitive race – and Trump runs and wins in 2024, he will be in a much stronger position to impose his will than in 2017 when he first took office or in 2021 when he left.
He would control a lot more levers in states, from state parties to elections officials. And those seeds are being sown, as Biden is at his lowest point of popularity, largely because independents concerned with inflation and high gas prices are heavily disapproving of the job he's doing, while Democrats, notably progressives, are disappointed Biden hasn't been able to get more done for them or fight as boldly as they'd like.
But come 2024, Trump could pose an emboldened threat to infighting Democrats – and if Biden runs, as he says he will, his challenge is to get his base back on board to stand up to it.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.iowapublicradio.org/2022-08-03/abortion-rights-shockwave-rocks-the-midterms-and-3-other-takeaways-from-primaries | 2022-08-03T12:59:39Z | https://www.iowapublicradio.org/2022-08-03/abortion-rights-shockwave-rocks-the-midterms-and-3-other-takeaways-from-primaries | true |
Caught on video: Bus driver helps lost toddler in Wisconsin
GREEN BAY, Wis. (WBAY/Gray News) - A bus driver with Green Bay Metro Transit helped a toddler reunite with his mom last Tuesday.
“Operators are trained to be very observant and aware of their surroundings, so a lot goes into it when they’re moving down the road,” said Jake Lueptown, the operations supervisor.
That training kicked into high gear for one driver, who declined an on-camera interview, when an unattended little boy ran across a street in Bellevue around 6:30 p.m.
The WBAY crew noticed a busy street was just one block away in the direction the boy was headed.
Surveillance video from the bus shows several angles of the road and inside the bus. It shows the driver taking the boy into the bus.
“We’re going to find your mom and dad, OK? Find out where they went. Did you wander away from the house? Yeah. Yeah? Do you live here? Are you in the apartments?” asked the driver.
She continued to ask questions and reassure the boy they’ll find mom and dad. They remained in the bus for about 10 minutes until law enforcement showed up.
“Hey buddy, how are you?” asked the officer. “He was just standing in the middle of the road here,” said the driver.
The Brown County Sheriff’s Office said the boy was reunited with his mom.
Lueptow said he is proud of the driver and said it’s what they do.
“Just goes to show how the great job that the drivers do in utilizing that training, being observant, aware of their surroundings and always willing to help out any way that we can,” he said.
Copyright 2022 WBAY via Gray Media Group, Inc. All rights reserved. | https://www.wkyt.com/2022/08/03/caught-video-bus-driver-helps-lost-toddler-wisconsin/ | 2022-08-03T12:59:39Z | https://www.wkyt.com/2022/08/03/caught-video-bus-driver-helps-lost-toddler-wisconsin/ | false |
S. Korea to temporarily allow visa-free entry for tourists from Japan, Taiwan, Macau
SEOUL, Aug. 3 (Yonhap) -- Travelers from Japan, Taiwan and Macau will be temporarily allowed to enter South Korea without a visa this month, Seoul city said Wednesday.
The city has pushed for the visa waiver program in consultation with the culture, justice and foreign ministries, and the Korea Disease Control and Prevention Agency since June.
Travel to South Korea has been hampered by the lengthy time needed to get a tourist visa. The process takes three to four weeks in Japan.
Seoul expects the visa exemption policy would help attract tourists to Seoul Festa 2022.
The tourist festival will be held from Aug 10-14 in various spots in the city, featuring K-pop performances, an electric car race and various other tourist experiences, such as shopping, culture-hopping and sports.
Tourists from Japan, Taiwan and Macau must obtain entry approval on the Korea Electronic Travel Authorization website (k-eta.go.kr) at least 72 hours before their flight takes off.
jwc@yna.co.kr
(END) | https://m-en.yna.co.kr/view/AEN20220803009300320 | 2022-08-03T13:00:52Z | https://m-en.yna.co.kr/view/AEN20220803009300320 | false |
GENESEE COUNTY, Mich. (WJRT) - Voters in Genesee County approved a millage renewal for the Genesee County Parks and Recreation Commission.
The ten-year millage passed by 67%, with 49,572 voters approving the proposal during the Primary Election on Tuesday. Another 24,148 people, or 33%, voted against the renewal.
The county estimates revenue raised from the millage in its first year will be more than $7.9 million.
The current millage is set to expire in 2023. It had been reduced by the required rollback to 0.7390 mills.
Under the proposal approved by voters, the millage would be replaced and increased to the original amount of 0.75 mills or 75 cents per $1,000 of taxable valuation.
Click here to read more about the renewal. | https://www.abc12.com/news/voters-approve-genesee-county-parks-millage-renewal/article_c41ecd26-1322-11ed-b7f4-f3d08d0cda71.html | 2022-08-03T13:01:45Z | https://www.abc12.com/news/voters-approve-genesee-county-parks-millage-renewal/article_c41ecd26-1322-11ed-b7f4-f3d08d0cda71.html | false |
RICHMOND, Va. (AP) _ Brink's Co. (BCO) on Wednesday reported second-quarter profit of $35.1 million.
The Richmond, Virginia-based company said it had profit of 73 cents per share. Earnings, adjusted for non-recurring costs, came to $1.29 per share.
The armored car company posted revenue of $1.13 billion in the period.
Brink's expects full-year earnings in the range of $5.50 to $6 per share, with revenue in the range of $4.52 billion to $4.67 billion.
Brink's shares have declined 16% since the beginning of the year. The stock has dropped 29% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BCO at https://www.zacks.com/ap/BCO | https://www.seattlepi.com/business/article/Brink-s-Q2-Earnings-Snapshot-17347825.php | 2022-08-03T13:01:52Z | https://www.seattlepi.com/business/article/Brink-s-Q2-Earnings-Snapshot-17347825.php | true |
The Minister of Tourism, Arts and Culture, Ibrahim Mohammed Awal, has urged Ghanaians resident in the US to champion the drive to promote tourism in the country.
He described the forts and castles, rich and diversified culture, including highlife music and ecotourism sites in Ghana, as some of the country’s unique assets and attractions which could be enhanced and marketed to the international community.
Dr Awal was speaking at this year’s GhanaFest in Chicago last Saturday.
The two-day festival, which was organised by the Ghana National Council (GNC) of Chicago, was aimed at celebrating and promoting Ghana’s cultural heritage through music, dance, food and clothing.
It was also to forge unity among the various Ghanaian ethnic groups in Chicago and the USA in general.
Agenda
According to Dr Awal, the government had prioritised the development of tourism, arts and culture as tools for economic transformation and wealth creation.
He said tourists from the US accounted for over 60 per cent of all international arrivals in Ghana.
The minister mentioned some major tourist sites, such as the Kwame Nkrumah Memorial Park, which he said were being rehabilitated and modernised to make them more attractive.
He added that as Ghanaian citizens resident in the US, they must always strive for excellence and remain resolute in their support for the government’s efforts to build a strong and equitable socio-economic environment.
He also said it behoves all Ghanaians in the Diaspora to make deliberate efforts to visit home regularly to explore the numerous investment opportunities available and also establish businesses back home to create jobs.
The minister further entreated them to continue to live in peace and harmony.
Honorary consul
Ghana’s Ambassador to the US, Hajia Alima Mahama, said the mission would soon engage the services of an Honorary Consul for Chicago to enhance consular services in that part of the US.
She commended Ghanaians in the US for being law abiding and urged them to continue to promote the interest of Ghana in their daily activities.
For his part, the Member of Parliament for Assin Central, Kennedy Agyapong, advised the people to take advantage of the numerous business opportunities in Ghana to help grow the economy for accelerated development.
He entreated entrepreneurs not to be deterred by the challenges associated with establishing new businesses, adding that perseverance was a vital ingredient in the success of any business enterprise.
Success
The President of the GNC, Paa Kwasi Sam, said one of the successes chalked up by the council was free monthly healthcare services for its members and lauded the healthcare providers for their spirit of volunteerism.
He commended pioneers of the GhanaFest initiative, saying the festival, which began some 34 years ago, was the most outstanding African cultural exposition in the Diaspora. | https://www.graphic.com.gh/news/general-news/champion-tourism-promotion-drive-dr-awal-urges-ghanaians-in-us.html | 2022-08-03T13:02:47Z | https://www.graphic.com.gh/news/general-news/champion-tourism-promotion-drive-dr-awal-urges-ghanaians-in-us.html | true |
NEW YORK, Aug. 3, 2022 /PRNewswire/ -- ioneer Ltd ("ioneer" or "the Company") (ASX: INR, NASDAQ: IONR), an emerging lithium–boron supplier, announced it will ring the Closing Bell at Nasdaq MarketSite in Times Square, New York today at 4:00 p.m. ET to celebrate its recent listing on the exchange.
The Company began trading on Nasdaq through an American Depositary Receipt (ADR) program on June 30, 2022, under the symbol IONR. To commemorate the occasion, ioneer Executive Chairman James Calaway and CEO Bernard Rowe will ring the Closing Bell this afternoon alongside members of the company's board of directors and senior management team.
The bell ringing comes just days after ioneer announced it has entered into its second and third binding lithium offtake agreements, finalizing the total planned lithium carbonate output and representing a significant milestone for the company and the United States' domestic electric vehicle supply chain. An agreement with Ford Motor Company was announced on July 22, 2022, and an agreement with Prime Planet Energy & Solutions, Inc., a joint venture between Toyota Motor Corp. and Panasonic Corp., was announced on July 31, 2022.
ioneer Executive Chairman James Calaway said:
"We are honored to celebrate our Nasdaq listing by ringing today's Closing Bell. I would like to thank our shareholders as well as the ioneer team and board of directors for their dedication and support throughout this process."
As a critical mineral in powering electric vehicles, global demand for lithium is rapidly increasing as countries like the U.S. shift resources to drive a successful transition to a clean energy future. ioneer's Rhyolite Ridge project, expected to come onstream in 2025, will become a major domestic supplier of refined lithium products, with enough supply of lithium materials for approximately 400,000 electric vehicles each year.
The Closing Bell ceremony will begin at 3:45 p.m. ET. Interested parties may tune into the live stream on the Nasdaq website here.
Contacts
ioneer Ltd is the 100% owner of the Rhyolite Ridge Lithium-Boron Project located in Nevada, USA, the only known lithium-boron deposit in North America and one of only two known such deposits in the world. The Definitive Feasibility Study (DFS) completed in 2020 confirmed Rhyolite Ridge as a world-class lithium and boron project that is expected to become a globally significant, long-life, low-cost source of lithium and boron vital to a sustainable future. In September 2021, ioneer entered a 50/50 joint venture agreement with Sibanye Stillwater Ltd to advance the Rhyolite Ridge project and signed a separate offtake agreement with Korea's EcoPro Innovation in 2021. ioneer will be the operator of the Project, which is expected to come onstream in 2025.
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SOURCE ioneer | https://www.wkyt.com/prnewswire/2022/08/03/ioneer-ring-nasdaq-closing-bell-commemorate-us-listing/ | 2022-08-03T13:04:33Z | https://www.wkyt.com/prnewswire/2022/08/03/ioneer-ring-nasdaq-closing-bell-commemorate-us-listing/ | true |
Today is Monday. Temperatures will be in the 80s, with partly or mostly sunny skies throughout the state. See what weather is in store for the rest of the day here. Here’s the latest on gas prices in Maine. Here’s what we’re talking about in Maine today.
The latest on the coronavirus in Maine
Another 191 COVID-19 cases have been reported across the state, according to the Maine Center for Disease Control and Prevention. No new deaths were reported Saturday, leaving the statewide death toll at 2,465. Check out our tracker for more information.
Suppressed for 67 years, a transgender woman finds her voice
“I am Lukcia.”
A diminished Bangor State Fair considers its future
It seems unlikely that the fair of the past — an event that at its peak in the mid-20th century could attract more than 100,000 people — will ever truly return.
Most Maine communities don’t see rent control as answer to housing crisis
The lack of desire to have rent control makes it unlikely the policy will spread far beyond Portland’s borders.
Maine’s severe rental shortage spreads to its small cities
Some of Maine’s small cities are boasting just two to five available rentals in the area, as people snap up whatever hits the market.
Inside the messy battle to lead the Maine House GOP
The Dinner Table PAC, which is not affiliated with legislative Republican leaders, has faced backlash, with one legislator accusing it of “misguided tactics.”
Maine’s select boards have avoided the culture war disputes in today’s political landscape
Most of the grievances in small towns are about age-old problems, such as when roads will get repaved, rather than culture war disputes.
Man shot by police at Newport campground died of multiple gunshot wounds
Stephen Bossom, 35, was fatally shot by Penobscot County sheriff’s Deputy Kenneth York on July 15 at a Newport campground.
Maine needs nearly 6 inches of rain in the next month to end its drought
Sudden bursts and downpours unfortunately aren’t enough to mitigate drought conditions throughout the state.
Membership at golf course on the Maine-Canada border surges to near pre-pandemic levels
The Aroostook Valley Country Club has 141 current members, just 48 fewer than before the COVID-19 pandemic began.
Aroostook antique fire truck is still going strong after 100 years
For as long as Old Engine One truck has existed, each generation of firefighters has considered it their duty to pass down stories to the youngest team members.
In other Maine news …
Child hospitalized after Winterport stabbing
Easton woman charged with manslaughter in March death of 14-month-old
Sidney man pleads insanity in 2nd child sexual abuse trial
Contractor accused of scamming people of $100K pleads guilty
Former students and staff come together to clean vandalized Lewiston school
Farmington woman identified as Jane Doe killed in Louisiana in 1981
Boaters find body in Penobscot River
Bill Raiten, theater artist who inspired a generation of Maine actors, dies at 84
John Rensenbrink, a co-founder of the national and Maine Green parties, dies
UMaine police chief stepping down for new role at university
Maine’s foremost potato expert is bringing his expertise around the world
Houlton taxi company keeps expanding as it fills critical need in Aroostook County
Children’s thrift store is latest new business to open in downtown Dover-Foxcroft
Colorado man buys the Portland House of Music
5 new artistic designs will be added to Portland bus shelters
Democrats call Paul LePage a ‘threat’ to Maine’s climate progress
Janet Mills asks for more federal heating oil assistance for Mainers as prices skyrocket
UMaine women’s ice hockey head coach and assistant coach resign | https://www.bangordailynews.com/2022/08/01/morning-update/lukcia-sullivan-shrinking-bangor-state-fair-rent-control/ | 2022-08-03T13:05:29Z | https://www.bangordailynews.com/2022/08/01/morning-update/lukcia-sullivan-shrinking-bangor-state-fair-rent-control/ | false |
GUANGZHOU, China, Aug. 3, 2022 /PRNewswire/ -- MINISO Group Holding Limited (NYSE: MNSO; HKEx: 9896) ("MINISO", "MINISO Group" or the "Company"), a global retailer offering a variety of design-led lifestyle products, today announced positive profit alerts for June quarter 2022 and full fiscal year 2022.
The Company's Board of Directors (the "Board") wishes to inform the Company's shareholders and potential investors that based on a preliminary review of the unaudited consolidated management accounts, the Company expects to record an adjusted net profit, a non-IFRS measure, which is defined as profit for the period excluding (i) fair value changes of redeemable shares with other preferential rights, and (ii) equity-settled share-based payment expenses, not less than RMB200 million for the quarter ended June 30, 2022 ("June Quarter"), as compared to adjusted net profit of approximately RMB142[1] million for the same quarter last year, representing a year-over-year increase of not less than approximately 40%. For the full fiscal year ended June 30, 2022, the Company currently expects to record an adjusted net profit not less than RMB700 million, as compared to adjusted net profit of approximately RMB477 million for the fiscal year ended June 30, 2021, representing a year-over-year increase of not less than approximately 46%.
Based on the information currently available, the Board considers that the expected year-over-year increase in the adjusted net profit in the June Quarter was mainly due to (i) a year-over-year increase of gross margin, which resulted from a higher revenue contribution by our international operations and higher gross margins contributed by certain products launched after our strategic upgrade of MINISO brand in China; and (ii) expense control measures taken by the Company to tackle the resurgence of COVID-19 in China.
Mr. Guofu Ye, Founder, Chairman, and Chief Executive Officer of MINISO, commented, "Despite the ongoing challenges of the pandemic in China, especially in April and May, our business has demonstrated its great resilience and flexibility under extreme market environments, and our globalized operation provided us more space and flexibility of future growth compared to peer companies."
"Global retailers are challenged by cost pressures as we enter one of the highest inflation in four decades. History repeatedly reminded us that consumers tend to look for value in a high-inflation environment, and it is a good opportunity for us. We will leverage MINISO's core capabilities to strengthen our value proposition globally." Mr. Ye continued.
The information contained in this announcement is only based on the Company's preliminone of the highest inflationary assessment with reference to the unaudited consolidated management accounts of the Company for the June Quarter and is not based on any financial data or other information that has been audited or reviewed by the Company's independent auditor or the audit committee of the Board. The above data may therefore differ from the figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company. Accordingly, the above figures are strictly for information only and not for any other purposes.
Shareholders and potential investors are advised not to place undue reliance on the information disclosed herein and to exercise caution when dealing in the securities of the Company. Any shareholder or potential investor who is in doubt is advised to seek advice from professional advisers.
About MINISO Group
MINISO is a global retailer offering a variety of design-led lifestyle products. The Company serves consumers primarily through its large network of MINISO stores, and promotes a relaxing, treasure-hunting and engaging shopping experience full of delightful surprises that appeals to all demographics. Aesthetically pleasing design, quality and affordability are at the core of every product in MINISO's wide product portfolio, and the Company continually and frequently rolls out products with these qualities. Since the opening of its first store in China in 2013, the Company has built its flagship brand "MINISO" as a globally recognized retail brand and established a massive store network worldwide. For more information, please visit https://ir.miniso.com/.
Non-IFRS Financial Measure
In evaluating the business, MINISO considers and uses adjusted net profit as supplemental measure to review and assess its operating performance. The presentation of the non-IFRS financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with IFRS. MINISO defines adjusted net profit as profit for the period excluding (i) fair value changes of redeemable shares with other preferential rights and (ii) equity-settled share-based payment expenses.
MINISO presents the non-IFRS financial measure because it is used by the management to evaluate its operating performance and formulate business plans. The non-IFRS financial measure enables the management to assess its operating results without considering the impacts of the aforementioned non-cash and other adjustment items that MINISO does not consider to be indicative of its operating performance in the future. Accordingly, MINISO believes that the use of the non-IFRS financial measure provides useful information to investors and others in understanding and evaluating its operating results in the same manner as the management and board of directors.
The non-IFRS financial measure is not defined under IFRS and is not presented in accordance with IFRS. The non-IFRS financial measure has limitations as analytical tools. One of the key limitations of using the non-IFRS financial measure is that it does not reflect all items of income and expense that affect MINISO's operations. Further, the non-IFRS financial measure may differ from the non-IFRS information used by other companies, including peer companies, and therefore their comparability may be limited.
The non-IFRS financial measure should not be considered in isolation or construed as alternative to profit/(loss), as applicable, or any other measures of performance or as indicator of MINISO's operating performance. Investors are encouraged to review MINISO's historical non-IFRS financial measures in light of the most directly comparable IFRS measures. The non-IFRS financial measure presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting the usefulness of such measures when analyzing MINISO's data comparatively. MINISO encourages you to review its financial information in its entirety and not rely on a single financial measure.
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 words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. MINISO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report 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 MINISO'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: MINISO's mission, goals and strategies; future business development, financial conditions and results of operations; the expected growth of the retail market and the market of branded variety retail of lifestyle products in China and globally; expectations regarding demand for and market acceptance of MINISO's products; expectations regarding MINISO's relationships with consumers, suppliers, MINISO Retail Partners, local distributors, and other business partners; competition in the industry; proposed use of proceeds; and relevant government policies and regulations relating to MINISO's business and the industry. Further information regarding these and other risks is included in MINISO's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and MINISO undertakes no obligation to update any forward-looking statement, except as required under applicable law.
Investor Relations Contact:
Raine Hu
MINISO Group Holding Limited
Email: ir@miniso.com
Phone: +86 (20) 36228788 Ext.8039
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SOURCE MINISO Group Holding Limited | https://www.wkyt.com/prnewswire/2022/08/03/miniso-group-announces-positive-profit-alerts/ | 2022-08-03T13:05:43Z | https://www.wkyt.com/prnewswire/2022/08/03/miniso-group-announces-positive-profit-alerts/ | true |
OSLO, Norway, Aug. 3, 2022 /PRNewswire/ -- Reltime AS launched FastTrack to Web3, a three-week, white-labelled, custom-built, and all-in-one B2B2C Web3 Banking as a Service (W3BaaS) solution for companies and trusted brands wishing to enter the Web3 embedded finance (blockchain) space.
FastTrack to Web3 enables any company to build its own integrated, white-labelled, state-of-the-art Web3 financial ecosystem within three weeks. Reltime gives the opportunity to customise its W3BaaS, including the choice of currencies (fiat, token(s) or a combination of both), look and feel (branding, mobile iOS and Android app and frontend), backend, onboarding (eKYC), settings, web domains, language(s), user experience (UX) and interface (UI), monitoring and reporting (e.g. regulatory, customer onboarding, black/white lists). In the fourth quarter of this year, Reltime will incorporate white-labelled virtual and physical cards to its W3BaaS solution, which is built on top of Reltime's Layer 1, Proof of Authority (PoA) blockchain. This enables companies to provide Web3 financial services to any of their customers, without the need of a centralised financial organisation such as a neobank.
Reltime is also launching FastTrack for Merchants with innovative solutions tailored to small, medium-sized or large retail businesses. This solution provides a simple way for merchants to get paid via a QR code or through a customer's phone number.
Choosing a global, decentralised, agile and Web3 financial ecosystem such as Reltime's is a huge step forward and at the same time an opportunity for companies to enter Web3 in an easy, cost-effective and swift way. Reltime offers this complete, easy-to-implement suite of services, enabling companies to offer their customers peer-to-peer (P2P) payments, using customers' phone contacts rather than typing long wallet addresses, to move money locally and globally within 2-3 seconds; lending and borrowing, with or without collateral, with the opportunity to earn money; joint accounts, for a group of people to save or example invest in a group, many other and unique services.
With Reltime's FastTrack to Web3, companies are also able to create their own token(s) with their own name(s) within the same three weeks.
Reltime's architecture (www.reltime.com/pitch, page 6)
Reltime will also launch and further develop other game-changing solutions and technologies to be provided as OpenAPI and white-label to anyone, including but not limited to:
1. The world's first Web3 biometric payment card with cold storage and ID (more details will be announced in a separate press release next week).
2. Reltime's state-of-the-art Proof of Deposit (PoD) protocol, which provides more secure and safe solutions for safeguarding the financial assets of people and businesses world-wide.
3. Reltime DEX (Decentralised Exchange) and Reltime NFT Marketplace, which can also be white labelled. Reltime already enables businesses, developers, and others to build and launch new products, services, tokens, marketplaces and NFTs on top of its Layer 1. Proof of Authority blockchain.
4. Reltime's Metaverse SDK (software development kit), allowing companies, developers, and partners to provide Reltime's white-labelled products, services, and solutions on different Metaverses.
"Our new B2B2C solution gives companies with thousands of customers or large organisations with millions of customers, such as telecommunications companies and others, the opportunity to enjoy the same benefits as Reltime's current global, trusted, high-performance, Web3 platform is offering," says Peter Michel Heilmann, CEO, Reltime. "Over the past two weeks alone, we have received requests from companies in Latin America, Europe, Africa and South-East Asia to white-label our unique Web3 financial ecosystem in their own language, with their own branding and requirements, in only three weeks."
"Reltime's Web3 Banking as a Service (W3BaaS) has been on the drawing table ever since August 2021," says Marlene Julo, co-founder, Chair, CFO and anchor investor. "We saw a missing link for non-financial companies to swiftly and easily launch neobank-type of services to their customers locally, regionally and globally, a process that normally would take several months to complete. The problems with many white-labelled embedded finance solutions in the market today are time, cost, reach and earnings. Reltime is much more than money and we can currently launch our FastTrack to Web3 to partners and customers in 150 countries."
Reltime will soon commence the off-net integration of its physical, biometric and virtual cards, e-money, BIN and IBAN (SWIFT, SEPA and Faster Payment System (FPS), UK). Further information on Reltime's ecosystem development can be found at https://www.reltime.com/whitepaper (pages 70-72).
About Reltime
Reltime is the world's first global, Layer 1, Web3 financial ecosystem that build on-net services. Headquartered in Oslo, Reltime is building a new global financial tribe of people and businesses world-wide taking back control of their finances. The idea behind Reltime germinated when Frode van der Laak, inventor and co-founder, started to deep-dive into blockchain for his PhD in mathematics.
Reltime members are able to send, receive, withdraw, deposit, borrow, lend, earn, swap, interact, transact and open joint accounts within and outside the Web3 financial ecosystem in 150 countries. They can also create their own ecosystem within Reltime. In addition, the company offers disruptive and cutting-edge white-labelled B2B2C and Web3 embedded finance solutions to partners around the world. Individual developers and tech companies are encouraged to create fantastic applications into Reltime's Web3 financial ecosystem, utilising OpenAPI, decentralised applications (dApps) and smart contracts.
Reltime has listed its RTC token on several global digital asset exchange platforms, including BitMart and CoinTiger, and has subsidiaries in Norway (Conax Technology AS, established in January 2010), Lithuania and El Salvador.
#MoreThanMoney
For media enquiries:
Cornelia S. van der Laak
International Relations Officer
Reltime AS
Tel.: +4740769988
cornelia@reltime.com
Twitter: https://twitter.com/reltime_rtc
Facebook: https://www.facebook.com/reltimeecosystem
LinkedIn: https://www.linkedin.com/company/reltimedefi
Telegram: https://t.me/reltimedefiecosystem
For further information, please contact:
Peter Michel Heilmann
CEO
Reltime AS
pm@reltime.com
This information was brought to you by Cision http://news.cision.com
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SOURCE Reltime AS | https://www.wkyt.com/prnewswire/2022/08/03/reltime-launches-one-stop-shop-three-week-fasttrack-web3/ | 2022-08-03T13:07:03Z | https://www.wkyt.com/prnewswire/2022/08/03/reltime-launches-one-stop-shop-three-week-fasttrack-web3/ | true |
Bicyclist injured on I-75 by hit-and-run driver
Published: Aug. 3, 2022 at 8:00 AM EDT|Updated: 1 hour ago
MANATEE COUNTY, Fla. (WWSB) - A bicyclist on Interstate 75 was seriously injured early Wednesday by a hit-and-run driver in Manatee County, the Florida Highway Patrol said.
Troopers say the bicyclist, a 32-year-old man from Miami, was travelling north on I-75, at about 2:30 a.m., north of Moccasin Wallow Road, when he was hit by a vehicle which did not stop. He was taken to a hospital with serious injuries.
The vehicle is described as possibly dark gray or black, now with passenger side headlight and side mirror damage.
If anyone has information about this crash, they are urged to contact the Florida Highway Patrol at *347, or Crimestoppers.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/08/03/bicyclist-injured-i-75-by-hit-and-run-driver/ | 2022-08-03T13:08:07Z | https://www.mysuncoast.com/2022/08/03/bicyclist-injured-i-75-by-hit-and-run-driver/ | true |
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