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After 18 months of building, Lisa and Steve Holett were nearly ready to move into their dream home in Dayton, Montana. It had taken their life savings to build the four-bedroom cabin, set on a hill above Flathead Lake.
It took one wildfire to burn it to the ground in minutes.
The Elmo 2 Fire has overtaken 21,349 acres since July 29, leaving behind a path of devastation. Last week, 150 residences were evacuated, and four primary residences are confirmed to have burned down.
On Aug. 1, multiple people told the Holetts that the way the fire was burning, it wouldn't reach their house. They left to run some errands.
On their way back, the couple saw black smoke rising from the area of their property. The two raced to their house. The sheriff followed them and told them they had five minutes before they needed to leave again. With the help of the sheriff, the Holetts said, they grabbed little more than their dogs, their passports, Lisa's work computer and a handful of clothing from a shed and the camper they were living in while the house was being built. Both the camper and shed were also destroyed.
Ten minutes after they left, Lisa said, they watched as their house went up in flames.
Turning a dream into reality
Eyeing retirement, Steve and Lisa Holett, who are in their mid-50s, bought land in Dayton in 2019.
They were living in Austin, Texas, at the time when the COVID-19 pandemic hit. Lisa, who works for a semiconductor company, began working remotely, so they were able to move to their retirement destination early.
To save money, they moved into a camper on their property, where Lisa worked from the kitchen table. In the winter months, the water would regularly go out when the pipes froze, she said.
Meanwhile, Steve spent 12 to 15 hours a day building their dream home. Formerly a prosecutor, he had never taken on a project like this. He said he would watch YouTube videos at night about how to do things like electrical wiring and roof installation and then do it the next day.
The Holetts' goal was to not have looming house payments in their retirement.
"So we took all of our money, bought the land — and it'd be every dime we had [that went] into the house," Steve told NPR. They paid cash for materials as often as they could.
"We've saved and saved and saved for this dream," Lisa said. "We haven't taken a vacation in five years."
Including the land, the Holetts said they put nearly a million dollars into their property. Knowing wildfires were a risk in the area, they invested $50,000 in a fire-resistant metal roof. They finished it at the end of May.
One of the most painful parts of this experience, according to Lisa, was a construction loan they took out for more than $90,000. The term of the loan is just a year, and they'd planned on refinancing it into a mortgage. But since they no longer have a home, they won't be able to get that mortgage.
The Holetts said the local bank has been incredibly nice — the bank president even offered them an RV space at his house — but this disaster means they're faced with repaying the construction loan much sooner than they had planned. Not to mention, they're paying for a house they'll never even live in.
Homeowners insurance isn't available until a home is built. They said they were able to secure only builders risk insurance.
"It's a weird, small policy — it covers products, with none of my 18 months of labor," Steve said. "It's a third, at most, of our savings that it's going to cover."
They had a small land loan remaining, so paired with their construction loan, he said, the insurance money is gone. And they still have to repurchase all the household items they use on a daily basis.
A community steps in to help with recovery efforts
Even just 18 months after moving to the area, the Holetts are feeling the support of their community.
Initially, they resisted crowdfunding. A former classmate of Lisa's started a GoFundMe campaign anyway, and the donations started rolling in. By Aug. 9, 426 donors had contributed a total of $42,521.
The Holetts were surprised to see so many names they didn't recognize on the donation list.
"When I went through the names, I know maybe 30%. So this 70% is just the community or people that wanted to be anonymous," Lisa said.
She said they're going to write a thank-you to every person who donated.
Local businesses are pitching in as well, donating equipment to help clean up the burn site. But there's still the matter of where the Holetts will live long term.
"It's so sad, because there are certain things where I'm like, 'Well, I'm gonna want this in 20 years,'" Steve said. Knowing he'd one day want a wood shop, he spent extra time doing little things like running wires where they weren't yet needed.
"It's just hours and hours and hours. Worthless. Gone. Doesn't matter," he said. "It's just sad. Because, you know, I knew every hole, every screw, everything in that house."
The Holetts still aren't certain what will come next. Currently, while they're staying in an above-garage apartment owned by a friend's neighbor, they're looking for a rental for themselves and their two dogs for the next year. They said they don't have the budget to rebuild their dream house, and they're unsure they want to build something smaller on the same property and be reminded daily of what they lost.
Since he spent so much time building their house, Steve is worried about living in a downsized version that doesn't live up to what he initially created.
More and more, though, he's starting to feel like a new home would be a symbol of how their community helped them, so it would come with good memories.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.kunm.org/npr-news/2022-08-10/this-montana-couple-built-their-dream-home-only-to-have-it-burn-down-in-minutes | 2022-08-10T10:17:53Z | https://www.kunm.org/npr-news/2022-08-10/this-montana-couple-built-their-dream-home-only-to-have-it-burn-down-in-minutes | false |
Most Americans support using the popular vote and not the electoral college vote to select a president, according to data from the Pew Research Center.
About 63% of Americans support using the popular vote, compared to 35% who would rather keep the electoral college system.
Approval for the popular vote is up from January 2021, when 55% of Americans said they back the change; 43% supported keeping the electoral college at that time.
Opinions on the systems varied sharply according to political party affiliation. 80% of Democrats approve of moving to a popular vote system, while 42% of Republicans support the move. Though, many more Republicans support using the popular vote system now than after the 2016 election, when support was at 27%.
There is also an age divide: 7 out of 10 Americans from ages 18 to 29 support using the popular vote, compared to 56% in Americans over 65 years old.
There have been five presidents who won the electoral vote, but not the popular vote — John Quincy Adams, Rutherford B. Hayes, Benjamin Harrison, George W. Bush and Donald Trump.
There are 538 electors, one for each U.S. senator and U.S. representative, plus three for Washington, D.C., which gets three electoral votes in the presidential election even though it has no voting representation in Congress.
The number of electors has changed through history as the number of elected members of Congress has changed with the country's expansion and population growth.
How electors get picked varies by state, but in general state parties file slates of names for who the electors will be. They include people with ties to those state parties, like current and former party officials, state lawmakers and party activists. They're selected either at state party conventions or by party central committees.
The Pew survey was conducted from June 27 to July 4 of this year.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.kunm.org/npr-news/npr-news/2022-08-10/most-americans-support-using-the-popular-vote-to-decide-u-s-presidents-data-shows | 2022-08-10T10:20:38Z | https://www.kunm.org/npr-news/npr-news/2022-08-10/most-americans-support-using-the-popular-vote-to-decide-u-s-presidents-data-shows | false |
Russia and Ukraine have accused each other of shelling Europe’s largest nuclear power plant, stoking international fears of a catastrophe on the continent. A look at the plant and the situation around it:
EUROPE’S BIGGEST NUCLEAR PLANT
The Zaporizhzhia plant is in southern Ukraine, near the town of Enerhodar on the banks of the Dnieper River. It is one of the 10 biggest nuclear plants in the world.
Built during the Soviet era, it has six reactors with a total capacity of 5,700 megawatts. Three of the reactors are in operation.
Before the war, the plant accounted for about half of the electricity generated by nuclear power in Ukraine. The country has 15 reactors at four active plants, and also is home to the decommissioned Chernobyl plant, the site of the 1986 nuclear disaster.
RUSSIANS TAKE CONTROL
Russian troops overran the plant shortly after invading Ukraine on Feb. 24.
During the fighting in early March, Russian and Ukrainian forces exchanged fire near the plant. The skirmishes resulted in a fire at its training complex.
The Russians have left the Ukrainian staff in place to keep the plant operating, and it has continued to supply electricity to government-controlled parts of Ukraine.
The fighting around the plant has fueled fears of a disaster like the one at Chernobyl, where a reactor exploded and spewed deadly radiation, contaminating a vast area in the world’s worst nuclear accident.
Russian forces occupied the heavily contaminated Chernobyl site soon after the invasion but handed control back to the Ukrainians after withdrawing from the area at the end of March.
RUSSIA AND UKRAINE TRADE ACCUSATIONS
Ukraine has accused Russia of storing troops and weapons at the plant and using its grounds to launch strikes against Ukrainian-controlled territory across the Dnieper. Ukrainian officials and military analysts say Moscow’s forces have cynically employed the plant as a shield, knowing that the Ukrainians would be hesitant to fire back.
Russia has denied the accusations and, in turn, accused Ukrainian forces of repeatedly shelling the plant.
A series of attacks on the plant over the past few days has damaged some of its auxiliary equipment but not its reactors, and there has been no threat of a radiation leak, according to Russian authorities.
The Russian Defense Ministry said Ukrainian shelling of the plant on Sunday caused a power surge and smoke, triggering an emergency shutdown and forcing the staff to lower output from two of the reactors.
Kremlin spokesman Dmitry Peskov warned that the Ukrainian shelling of the plant is “fraught with catastrophic consequences for vast territories, for the entire Europe,” while the Russian Foreign Ministry has accused Ukraine of “taking the entire Europe hostage.”
Ukrainian officials countered by accusing Russian forces of planting explosives at the plant in preparation for an expected Ukrainian counteroffensive in the region. They also have accused Russia of launching attacks from the plant using Ukrainian workers there as human shields and shelling the place themselves.
Ukrainian President Volodymyr Zelenskyy said that the Russian shelling and mining of the plant amount to “nuclear blackmail.”
Zaporizhzhia Gov. Oleksandr Starukh said that while the reactors are well protected by their thick concrete containment domes, it is impossible to guarantee their safe operation because of the Russian troops’ presence. He noted, too, that the storage sites at the plant for spent nuclear fuel are not as well protected as the reactors.
Mark Wenman, a nuclear expert at London’s Imperial College, said the plant’s reactors are designed “to protect against natural disasters and or man-made incidents such as aircraft crashes or reactor accidents.”
“I do not believe there would be a high probability of a breach of the containment building even if it was accidentally struck by an explosive shell, and even less likely the reactor itself could be damaged by such,” he said. He added that the spent fuel is also stored in “very robust steel and concrete containers that are designed to withstand very high-energy impacts.”
CALLS FOR INTERNATIONAL MONITORING
Rafael Mariano Grossi, director-general of the United Nations’ nuclear watchdog, the International Atomic Energy Agency, told The Associated Press last week that the situation surrounding the Zaporizhzhia plant “is completely out of control,” and he issued an urgent plea to Russia and Ukraine to allow experts to visit the complex to stabilize matters and avoid a nuclear accident.
“Every principle of nuclear safety has been violated” at the plant, Grossi said. “What is at stake is extremely serious and extremely grave and dangerous.”
Grossi said the supply chain of equipment and spare parts has been interrupted, “so we are not sure the plant is getting all it needs.” He noted that the IAEA also needs to perform highly important inspections to ensure that nuclear material is being safeguarded.
Grossi added that there have been instances of friction and reports of violence between the Russians and the Ukrainian staff.
“When you put this together, you have a catalog of things that should never be happening in any nuclear facility,” Grossi said.
RUSSIA AND UKRAINE CLASH OVER IAEA VISIT
The IAEA has sought in vain to send an inspection team to the plant for months.
Moscow has said it welcomes a visit to the plant by the IAEA, but it is unclear whether it is ready to actually help arrange such a trip.
Ukraine previously opposed Grossi’s visit to the site for as long as it remains under Moscow’s control, demanding the Russian military withdraw.
This week, however, Ukrainian officials appeared to warm up to such a trip, with Ukraine’s ombudsman, Dmytro Lubinets, urging the U.N. and IAEA to send a delegation to help “completely demilitarize the territory” and provide security guarantees to plant employees.
____
Follow the AP’s coverage of the war at https://apnews.com/hub/russia-ukraine | https://www.seattletimes.com/nation-world/world/explainer-fighting-in-ukraine-endangers-big-nuclear-plant/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_all | 2022-08-10T10:25:34Z | https://www.seattletimes.com/nation-world/world/explainer-fighting-in-ukraine-endangers-big-nuclear-plant/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_all | false |
Torrential rains have left 16 people dead or missing in and around South Korea's capital. Its president says the country must prepare for more extreme weather events resulting from climate change.
Copyright 2022 NPR
Torrential rains have left 16 people dead or missing in and around South Korea's capital. Its president says the country must prepare for more extreme weather events resulting from climate change.
Copyright 2022 NPR | https://www.apr.org/2022-08-10/heavy-rain-in-south-korea-leaves-more-than-a-dozen-people-dead | 2022-08-10T10:26:15Z | https://www.apr.org/2022-08-10/heavy-rain-in-south-korea-leaves-more-than-a-dozen-people-dead | false |
Leaders of two Arizona-based homebuilding and land development firms tapped to serve on Cecilian Partners' board, assisting the firm with its growth strategy, operational oversight, and market penetration.
NEW HOPE, Penn., Aug. 10, 2022 /PRNewswire/ -- Cecilian Partners Inc., a Pennsylvania-based real estate property technology company, announces that executives with two Arizona-based homebuilding and land development firms have joined its board of directors. Stephanie McCarty, chief marketing and communications officer at national homebuilder and developer Taylor Morrison, and Greg Vogel, founder and CEO of Land Advisors Organization have been named to the board to assist Cecilian Partners with its growth strategy, operational oversight and market penetration. They join the firm's five other distinguished industry leaders currently serving on Cecilian Partners' board of directors.
As chief marketing and communications officer, McCarty has transformed the company culture and branding position nationwide, led several acquisitions that helped catapult Taylor Morrison to one of the country's largest residential homebuilders, led efforts resulting in the brand being recognized as America's Most Trusted® Home Builder by Lifestory Research seven years running, and positioned Taylor Morrison among the first to move the future of new construction home shopping forward with innovative, industry-leading customer acquisition tools. As an award-winning CMO, McCarty is keenly focused on driving revenue-generating marketing strategies that include purposeful technology positioned to solve customer pain points within the shopping and buying experience.
Greg Vogel founded Land Advisors Organization in 1987. As chief executive officer of the nation's largest land advisory and brokerage firm, Vogel has led the firm's expansion into 29 growth markets across the United States. Land Advisors Organization recently entered into a partnership with Cecilian Partners to further expand its proptech capabilities and extend its services for builders and developers beyond land analysis and sales into land development, lot management, and the enhancement of the new home buying experience.
Cecilian Partners is an early stage proptech firm that has modernized the land development, home building and home buying experience. The firm's patented digital platform simplifies and streamlines data, digital marketing, and operations by centralizing every stage of the planning and community development process, while enhancing the new home buying experience. The specialized technology assists builders and developers with real-time lot and inventory management utilizing an anti-repetition algorithm.
Co-Founders John Cecilian and Philip Worland are thrilled to have McCarty and Vogel join their board of directors. "Greg brings a level of master planned community expertise and deep knowledge of the category. Being a true entrepreneur as well, Greg knows and understands the recipe of what fast growth looks like for organizations and what it takes to achieve it," said Cecilian.
Cecilian, being obsessed with the customer journey, knows that Taylor Morrison shares his passion for creating an exemplary consumer experience. He turned to McCarty, who has spearheaded digital innovation at Taylor Morrison with the launch of an industry-first ecommerce system to purchase and build homes entirely online, empowering shoppers in their homebuying journey. "Stephanie brings a strategic and innovative view of the successful customer experience. As an expert on the intersection of digital product and homebuilding she understands the value of bringing progressive thought leadership to an often tech-starved industry. Her knowledge and expertise will help both Cecilian Partners and our clients to better engage with consumers through digital transformation," said Cecilian.
Cecilian Partners anticipates beginning its Series A fundraising in late 2022 or early 2023.
Headquartered in Scottsdale, Arizona, Taylor Morrison is one of the nation's leading homebuilders and developers. We serve a wide array of consumers from coast to coast, including first-time, move-up, luxury and 55-plus active lifestyle homebuyers under our family of brands—including Taylor Morrison, Esplanade, Darling Homes Collection by Taylor Morrison and Christopher Todd Communities built by Taylor Morrison. From 2016-2022, Taylor Morrison has been recognized as America's Most Trusted® Builder by Lifestory Research. Our strong commitment to sustainability, our communities, and our team is highlighted in our latest Environmental, Social, and Governance (ESG) Report on our website.
Founded in 1987, Land Advisors Organization is the nation's largest land brokerage firm specializing in providing deep market insights to landowners and purchasers for the most comprehensive and effective evaluation of land in markets across the country. By integrating current local market information with cutting-edge technology and geographically specialized professionals, Land Advisors Organization advises clients in identifying and capitalizing on valuable land opportunities in all economic environments. Land Advisors Organization serves landowners and purchasers from offices in Phoenix, Tucson, Casa Grande and Prescott, Arizona; Irvine, San Francisco, Century City, Pasadena, Roseville and San Diego, California; Orlando, Jacksonville and Tampa Bay, Florida; Atlanta, Georgia; Charlotte, North Carolina; Nashville, Tennessee; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah; Kansas City, Kansas; and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIn.
Cecilian Partners is a proptech company based in New Hope, Pennsylvania built around the customer experience for community developers. Since 2019 the company has been bridging the digital divide between homebuilders, community developers and home buyers with its real estate property technology platform. Cecilian Partners is enhancing the customer experience through digital solutions that transform the home buying journey for new home buyers, while also solving access and communication challenges faced by developers and builders. Cecilian Partners collaborates with a vast stable of local, regional, and nationwide builders and developers who aspire to modernize their digital footprint and ease everyday pain points associated with community development. For more information about digital solutions for community developers and homebuilders, visit cecilianpartners.com
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SOURCE Cecilian Partners | https://www.cleveland19.com/prnewswire/2022/08/10/proptech-firm-cecilian-partners-welcomes-top-executives-taylor-morrison-land-advisors-organization-board-directors/ | 2022-08-10T10:27:03Z | https://www.cleveland19.com/prnewswire/2022/08/10/proptech-firm-cecilian-partners-welcomes-top-executives-taylor-morrison-land-advisors-organization-board-directors/ | false |
Falling gasoline prices are expected to put a dent in the latest inflation rate. But other costs, such as housing, continue to climb, putting a strain on many family budgets.
Copyright 2022 NPR
Falling gasoline prices are expected to put a dent in the latest inflation rate. But other costs, such as housing, continue to climb, putting a strain on many family budgets.
Copyright 2022 NPR | https://www.apr.org/business-education/business-education/2022-08-10/families-are-continuing-to-have-to-deal-with-the-effects-of-inflation | 2022-08-10T10:27:36Z | https://www.apr.org/business-education/business-education/2022-08-10/families-are-continuing-to-have-to-deal-with-the-effects-of-inflation | true |
LEAWOOD, Kan., Aug. 10, 2022 /PRNewswire/ -- Torch.AI, pioneers of data infrastructure AI, announced today the United States Department of Defense (DOD) has selected the company's software for a new cyber and insider threat analysis capability, the System for Insider Threat Hindrance (SITH).
Cyber attacks across all industries are on the rise. Costs related to cybercrime are expected to reach $10.5 trillion per year by 2025. Insider threats are one of the primary reasons for data record breaches, which are growing at nearly 200% per year. Employees, former employees, vendors, business partners and business associates are all insiders that could pose a threat to the average business.
With Torch.AI, the new SITH system dramatically increases the quality and availability of information used to detect threats by fusing disparate, complex government and commercial datasets and automating key tasks with advanced machine learning. Torch.AI's NEXUS™ software platform rapidly connects any source system or database to make data instantly machine readable without human intervention. Additionally, NEXUS™ provides synthesized data objects from a convenient interface. By objectizing the data, SITH avoids typical constraints of system-by-system data integrations, migrations, and duplications, which can impede analysis. Rather, Torch.AI connects to data where it resides with a flexible data mesh, integrating new data quickly, accurately, continuously and in a cost-effective manner without disrupting an agency's overall mission. This made the Torch.AI software a perfect choice for SITH and DOD.
Torch.AI developed SITH with the DOD Chief Digital and AI Office's (CDAO) Directorate for Digital Services (DDS), on behalf of the Defense Counterintelligence and Security Agency (DCSA). CDAO is responsible for the acceleration of the DOD's adoption of data, analytics, and AI to generate decision advantage from the boardroom to the battlefield. DCSA is the security agency in the federal government dedicated to protecting America's trusted workforce and trusted workspaces. DCSA services more than 100 federal entities, oversees 10,000 cleared companies, and conducts approximately 2 million background investigations each year.
The Department of Defense has made significant strides in unlocking the power of its data, harnessing artificial intelligence (AI), and providing digital solutions for warfighters. In February of 2022, the Office of the Secretary of Defense established the CDAO to strengthen and integrate data, artificial intelligence, and digital solutions in the Department.
"There are few situations where the quality and availability of data is more important than cyber and insider threat. It's a huge problem. It's getting worse every day," said Brian Weaver, Founder and CEO of Torch.AI. "Torch.AI software is mission-ready today. We are proud the DOD has selected our solution for this critical capability and the critical part we are playing to protect our warfighters and enhance our nation's security and economic viability."
Torch.AI, the Data Infrastructure AI Pioneers, are headquartered in Kansas City with offices in Washington, DC. The company developed the use of AI to process data in-flight, radically evolving analytic and operational capabilities in any IT environment. Torch.AI's products and people are currently actively supporting operations in industries including financial services, construction and engineering, healthcare, and the US Department of Defense, US Department of Homeland Security, and other agencies.
To learn more about the company, visit Torch.AI.
Media Contact: hello@torch.ai
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The latest research report provides a complete assessment of the Evolved Packet Core market for the forecast year 2022-2031, which is beneficial for companies regardless of their size and revenue. This survey report covers the major market insights and industry approach towards COVID-19 in the upcoming years. The Evolved Packet Core market report presents data and information on the development of the investment structure, technological improvements, market trends and developments, capabilities, and comprehensive information on the key players of the Evolved Packet Core market. The worldwide market strategies undertaken, with respect to the current and future scenario of the industry, have also been listed in the study.
The report begins with a brief presentation and overview of the Evolved Packet Core market, about the current market landscape, market trends, major market players, product type, application, and region. It also includes the impact of COVID-19 on the global Evolved Packet Core market trends, future forecasts, growth opportunities, end-user industries, and market players. It also provides historical data, current market scenario and future insights on Evolved Packet Core market. This study provides a comprehensive understanding of market value with the product price, demand, gross margin, and supply of the Evolved Packet Core market. The competitive perspective section of the report presents a clear insight into the market share analysis of the major players in the industry.
To know about more drivers and challenges -Download a PDF sample now @ https://market.us/report/evolved-packet-core-market/request-sample/
Representative image 1: Y-O-Y Growth Rate Executive Summary
Competitive Spectrum – Top Companies Participating in the Evolved Packet Core Market are:
Huawei
ZTE
Cisco
Alcatel-Lucent
Ericsson
NSN
Axxcelera
Fujitsu
Adva Optical Networking
ECI Telecom
Tecore
Evolved Packet Core market research report will be sympathetic for:
1. New Investors
2. Propose investors and private equity companies
3. Cautious business organizers and analysts
4. Intelligent network security Suppliers, Manufacturers and Distributors
5. Government and research organizations
6. Speculation / Business Research League
7. End-use industries And much more
Evolved Packet Core Market Segments Evaluated in the Report:
Product Overview:
Policy and Charging Rules Function (PCRF)
Packet Data Node Gateway (PGW)
Mobility Management Entity (MME)
Representative image 2: Global Market Y-O-Y Growth Analysis, By Product Type 2022-2032
Classified Applications of Evolved Packet Core Market:
Government
Manufacture
School
Other
Do You Have Any Query Or Specific Requirement? Ask Our Industry Expert@ https://market.us/report/evolved-packet-core-market/#inquiry
Key regions divided during this report:
– The Middle East and Africa Evolved Packet Core Market (Saudi Arabia, United Arab Emirates, Egypt, Nigeria, South Africa)
– North America Evolved Packet Core Market (United States, Canada, Mexico)
– Asia Pacific Evolved Packet Core Market (China, Japan, Korea, India, Southeast Asia)
– South America Evolved Packet Core Market (Brazil, Argentina, Colombia)
– Europe Evolved Packet Core Market (Germany, UK, France, Russia, Italy)
The Evolved Packet Core market research is sourced for experts in both primary and developed statistics and includes qualitative and quantitative details. The analysis is derived Manufacturers’ experts work around the clock to recognize current circumstances, such as COVID-19, the possible financial reversal, the impact of a trade slowdown, the importance of the limitation on export and import, and all the other factors that may increase or decrease market growth during the forecast period.
Table Of Contents Highlights:
Chapter 1. Introduction
The Evolved Packet Core research work report covers a brief introduction to the global market. this segment provides opinions of key participants, an audit of Evolved Packet Core industry, outlook across key regions, financial services and various challenges faced by Evolved Packet Core Market. This section depends on the Scope of the Study and Report Guidance.
Chapter 2. Outstanding Report Scope
This is the second most important chapter, which covers market segmentation along with a definition of Evolved Packet Core. It defines the entire scope of the Evolved Packet Core report and the various facets it is describing.
Chapter 3. Market Dynamics and Key Indicators
This chapter includes key dynamics focusing on drivers[ Includes Globally Growing Evolved Packet Core Prevalence and Increasing Investments in Evolved Packet Core, Key Market Restraints [High Cost of Evolved Packet Core], opportunities [Emerging Markets in Developing Countries] and also presented in detail the emerging trends [Consistent Launch of New Screening Products] growth challenges, and influence factors shared in this latest report.
Chapter 4. Type Segments
This Evolved Packet Core market report shows the market growth for various types of products marketed by the most comprehensive companies.
Chapter 5. Application Segments
The examiners who wrote the report have fully estimated the market potential of key applications and recognized future opportunities.
Chapter 6. Geographic Analysis
Each regional market is carefully scrutinized to understand its current and future growth, development, and demand scenarios for this market.
Chapter 7. Impact of COVID-19 Pandemic on Global Evolved Packet Core Market
7.1 North America: Insight On COVID-19 Impact
7.2 Europe: Serves Complete Insight On COVID-19 Impact
7.3 Asia-Pacific: Potential Impact of COVID-19
7.4 Rest of the World: Impact Assessment of COVID-19 Pandemic
Chapter 8. Manufacturing Profiles
The major players in the Evolved Packet Core market are detailed in the report based on their market size, market served, products, applications, regional growth, and other factors.
Chapter 9. Pricing Analysis
This chapter provides price point analysis by region and other forecasts.
Chapter 10. North America Evolved Packet Core Market Analysis
This chapter includes an assessment on Evolved Packet Core product sales across major countries of the United States and Canada along with a detailed segmental outlook across these countries for the forecasted period 2022-2031.
Chapter 11. Latin America Evolved Packet Core Market Analysis
Major countries of Brazil, Chile, Peru, Argentina, and Mexico are assessed apropos to the adoption of Evolved Packet Core.
Chapter 12. Europe Evolved Packet Core Market Analysis
Market Analysis of Evolved Packet Core report includes insights on supply-demand and sales revenue of Evolved Packet Core across Germany, France, United Kingdom, Spain, BENELUX, Nordic and Italy.
Chapter 13. Asia Pacific Excluding Japan (APEJ) Evolved Packet Core Market Analysis
Countries of Greater China, ASEAN, India, and Australia & New Zealand are assessed and sales assessment of Evolved Packet Core in these countries is covered.
Chapter 14. Middle East and Africa (MEA) Evolved Packet Core Market Analysis
This chapter focuses on Evolved Packet Core market scenario across GCC countries, Israel, South Africa, and Turkey.
Chapter 15. Research Methodology
The research methodology chapter includes the following main facts,
15.1 Coverage
15.2 Secondary Research
15.3 Primary Research
Chapter 16. Conclusion
Browse Full Report with Facts and Figures of Evolved Packet Core Market Report at: https://market.us/report/evolved-packet-core-market/
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Research Analysis and More Market Reports: https://www.einpresswire.com/market_us/ | https://www.taiwannews.com.tw/en/news/4622120 | 2022-08-10T10:30:46Z | https://www.taiwannews.com.tw/en/news/4622120 | true |
Russia and Ukraine have accused each other of shelling Europe's largest nuclear power plant, stoking international fears of a catastrophe on the continent. A look at the plant and the situation around it:
EUROPE'S BIGGEST NUCLEAR PLANT
The Zaporizhzhia plant is in southern Ukraine, near the town of Enerhodar on the banks of the Dnieper River. It is one of the 10 biggest nuclear plants in the world.
Built during the Soviet era, it has six reactors with a total capacity of 5,700 megawatts. Three of the reactors are in operation.
Before the war, the plant accounted for about half of the electricity generated by nuclear power in Ukraine. The country has 15 reactors at four active plants, and also is home to the decommissioned Chernobyl plant, the site of the 1986 nuclear disaster.
RUSSIANS TAKE CONTROL
Russian troops overran the plant shortly after invading Ukraine on Feb. 24.
During the fighting in early March, Russian and Ukrainian forces exchanged fire near the plant. The skirmishes resulted in a fire at its training complex.
The Russians have left the Ukrainian staff in place to keep the plant operating, and it has continued to supply electricity to government-controlled parts of Ukraine.
The fighting around the plant has fueled fears of a disaster like the one at Chernobyl, where a reactor exploded and spewed deadly radiation, contaminating a vast area in the world's worst nuclear accident.
Russian forces occupied the heavily contaminated Chernobyl site soon after the invasion but handed control back to the Ukrainians after withdrawing from the area at the end of March.
RUSSIA AND UKRAINE TRADE ACCUSATIONS
Ukraine has accused Russia of storing troops and weapons at the plant and using its grounds to launch strikes against Ukrainian-controlled territory across the Dnieper. Ukrainian officials and military analysts say Moscow's forces have cynically employed the plant as a shield, knowing that the Ukrainians would be hesitant to fire back.
Russia has denied the accusations and, in turn, accused Ukrainian forces of repeatedly shelling the plant.
A series of attacks on the plant over the past few days has damaged some of its auxiliary equipment but not its reactors, and there has been no threat of a radiation leak, according to Russian authorities.
The Russian Defense Ministry said Ukrainian shelling of the plant on Sunday caused a power surge and smoke, triggering an emergency shutdown and forcing the staff to lower output from two of the reactors.
Kremlin spokesman Dmitry Peskov warned that the Ukrainian shelling of the plant is "fraught with catastrophic consequences for vast territories, for the entire Europe,” while the Russian Foreign Ministry has accused Ukraine of “taking the entire Europe hostage.”
Ukrainian officials countered by accusing Russian forces of planting explosives at the plant in preparation for an expected Ukrainian counteroffensive in the region. They also have accused Russia of launching attacks from the plant using Ukrainian workers there as human shields and shelling the place themselves.
Ukrainian President Volodymyr Zelenskyy said that the Russian shelling and mining of the plant amount to “nuclear blackmail.”
Zaporizhzhia Gov. Oleksandr Starukh said that while the reactors are well protected by their thick concrete containment domes, it is impossible to guarantee their safe operation because of the Russian troops' presence. He noted, too, that the storage sites at the plant for spent nuclear fuel are not as well protected as the reactors.
Mark Wenman, a nuclear expert at London’s Imperial College, said the plant’s reactors are designed “to protect against natural disasters and or man-made incidents such as aircraft crashes or reactor accidents.”
“I do not believe there would be a high probability of a breach of the containment building even if it was accidentally struck by an explosive shell, and even less likely the reactor itself could be damaged by such,” he said. He added that the spent fuel is also stored in "very robust steel and concrete containers that are designed to withstand very high-energy impacts.”
CALLS FOR INTERNATIONAL MONITORING
Rafael Mariano Grossi, director-general of the United Nations' nuclear watchdog, the International Atomic Energy Agency, told The Associated Press last week that the situation surrounding the Zaporizhzhia plant “is completely out of control,” and he issued an urgent plea to Russia and Ukraine to allow experts to visit the complex to stabilize matters and avoid a nuclear accident.
“Every principle of nuclear safety has been violated” at the plant, Grossi said. “What is at stake is extremely serious and extremely grave and dangerous.”
Grossi said the supply chain of equipment and spare parts has been interrupted, “so we are not sure the plant is getting all it needs.” He noted that the IAEA also needs to perform highly important inspections to ensure that nuclear material is being safeguarded.
Grossi added that there have been instances of friction and reports of violence between the Russians and the Ukrainian staff.
“When you put this together, you have a catalog of things that should never be happening in any nuclear facility,” Grossi said.
RUSSIA AND UKRAINE CLASH OVER IAEA VISIT
The IAEA has sought in vain to send an inspection team to the plant for months.
Moscow has said it welcomes a visit to the plant by the IAEA, but it is unclear whether it is ready to actually help arrange such a trip.
Ukraine previously opposed Grossi's visit to the site for as long as it remains under Moscow's control, demanding the Russian military withdraw.
This week, however, Ukrainian officials appeared to warm up to such a trip, with Ukraine’s ombudsman, Dmytro Lubinets, urging the U.N. and IAEA to send a delegation to help “completely demilitarize the territory” and provide security guarantees to plant employees.
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Follow the AP’s coverage of the war at https://apnews.com/hub/russia-ukraine | https://www.taiwannews.com.tw/en/news/4622220 | 2022-08-10T10:37:21Z | https://www.taiwannews.com.tw/en/news/4622220 | false |
UTRECHT, the Netherlands, Aug. 10, 2022 /PRNewswire/ -- Travel management company BCD Travel announced today that they will leverage FairFly's market-leading technology and artificial intelligence to power their Air Price Assurance (APA) solution. With FairFly's global automated GDS coverage, BCD will be able to offer their APA solution to its entire customer base. The technology will allow BCD to maximize automated savings on air spend for clients.
BCD Air Price Assurance, powered by FairFly, predicts when fare changes will occur and automatically cancels and rebooks tickets at lower rates. The APA solution helps save time and generates savings up to 4.8% of overall air spend with zero disruption to the traveler.
BCD is expanding their strategic multiyear partnership with FairFly which has been available to BCD customers through the SolutionSource® marketplace since 2018. In this time, FairFly's unique, real-time price monitoring engine has proven to generate substantial savings for BCD customers.
"Automated price assurance is critical to an effective digital booking strategy," said Yannis Karmis, senior vice president of Product Planning and Development at BCD Travel. "For several years, BCD customers using FairFly re-shopping technology through our partner marketplace have realized substantial savings with no disruption to travelers. We want to pass those savings on to all our customers as a standard offering. With unmatched savings, ease of use, and seamless implementation, we recognize FairFly's solution as best-in-class and the type of technology we look for when choosing partners to complement our core investments."
As air prices continue to increase, this partnership is well-positioned to make an immediate, positive impact on customers' air spend through a quick implementation with no onboarding or maintenance fees, further advancing BCD's strong reputation for leading the digital transformation of travel management.
"We've been vocal about our mission to bring innovative technology to the travel industry that enables business travel managers and TMCs alike," said Aviel Siman Tov, Founder & CEO of FairFly. "We applaud BCD for its ongoing commitment to empowering its customers and complementing its excellent service and teams with technology. Strong partnerships, the ability to white-label our solutions, and our enterprise-ready, scalable technology are all key to driving change. We look forward to deepening our relationship with BCD and bringing tangible value and outstanding saving results to BCD customers."
The phased, broad rollout started in the U.S. in the third quarter. Additional countries will go live throughout 2022 and 2023.
About FairFly
FairFly is the leading independent travel price assurance and travel data platform with a truly global reach. Customers rely on FairFly to ensure their travel spend is used to its best. FairFly turns airfare and hotel rate volatility into savings. Customers experience no disruption to the traveler and enjoy automated rebooking solutions. Its travel data analytics and reports deliver insights for optimizing travel programs. For more information, visit www.fairfly.com.
Press contact
Dr. Ursula Ron
FairFly
ursula@fairfly.com
About BCD Travel
BCD Travel helps companies make the most of what they spend on travel. We give travelers innovative tools that keep them safe and productive and help them make good choices on the road. We partner with travel and procurement leaders to simplify the complexities of business travel, drive savings and satisfaction, and move whole companies toward their goals. In short, we help our clients travel smart and achieve more. We make this happen in 106 countries with a global client retention rate of 97%, the highest in the industry. For more information, visit www.bcdtravel.com.
About BCD Group
BCD Group is a market leader in the travel industry. The privately owned company was founded in 1975 by John Fentener van Vlissingen and consists of BCD Travel (global corporate travel management and its subsidiary BCD Meetings & Events, global meetings and events agency) and Park 'N Fly (off-airport parking). For more information, visit www.bcdgroup.com.
Press contact
Janneke Kraanen
BCD Travel
janneke.kraanen@bcdtravel.nl
View original content:
SOURCE Fairfly; BCD Travel | https://www.weau.com/prnewswire/2022/08/10/bcd-travel-extends-partnership-with-fairfly-power-air-price-assurance-across-its-global-customer-base/ | 2022-08-10T10:37:53Z | https://www.weau.com/prnewswire/2022/08/10/bcd-travel-extends-partnership-with-fairfly-power-air-price-assurance-across-its-global-customer-base/ | true |
COLOMBO, Sri Lanka (AP) — Hundreds of Sri Lankans on Tuesday rallied against a government crackdown and the use of emergency laws against peaceful protesters demanding answers to the country’s worst economic crisis.
Protesters led by religious and trade union leaders marched to the Independence Square in Colombo and made several demands to the government including the withdrawal of emergency laws, an end to the arrests of peaceful protesters, the immediate dissolution of Parliament and relief for those burdened by the hardship and shortages of basic supplies.
Four months of street protests culminated last month when former President Gotabaya Rajapaksa fled to Singapore and resigned after demonstrators stormed his official home and occupied several key government buildings. His brother Mahinda Rajapaksa resigned as prime minister in May and four other family members had quit as ministers before him.
Protesters accuse the Rajapaksa family of plunging the country into the crisis through mismanagement and corruption.
The former prime minister, Ranil Wickremesinghe, was elected by Parliament to complete Rajapaksa’s five-year term until 2024, but many of the protesters are unhappy with him and say he was backed by lawmakers who are still loyal to the Rajapaksas to protect the former ruling family from being held accountable.
Several groups had initially called a major rally to force Wickremesinghe out of office but a lack of support forced them to hold smaller protests. They called for a temporary government, the dissolution of Parliament and fresh elections.
Since his election, Wickremesinghe has authorized the military and police to violently dismantle protest camps and arrest those they identified to have trespassed the presidential palace and other state buildings.
Wickremesinghe on Tuesday visited the army headquarters and thanked soldiers who protected Parliament when protesters tried to enter last month.
“If we had lost Parliament, it would have created a big problem … we would have lost the governance system that we know,” Wickremesinghe said, adding that now it was up to lawmakers to win over the confidence of the people. | https://cbs4indy.com/news/national-world/ap-international/sri-lankans-rally-against-crackdown-on-protesters/ | 2022-08-10T10:38:26Z | https://cbs4indy.com/news/national-world/ap-international/sri-lankans-rally-against-crackdown-on-protesters/ | false |
GENEVA — The World Cup in Qatar could start one day earlier than scheduled with FIFA looking at a plan to let the host nation play Ecuador on Nov. 20, a person familiar with the proposal told The Associated Press on Wednesday.
The proposal to create a 29-day tournament instead of the long-planned 28 has been favored by Qatari officials and South American soccer body CONMEBOL, with talks also involving the Qatar and Ecuador soccer federations, the person said.
The World Cup is set to open on Nov. 21, a Monday, with the Netherlands facing Senegal at 1 p.m. local time in Doha. Qatar and Ecuador are also in Group A but that match was scheduled to start six hours later on the same day.
The match schedule — with the official opening ceremony at the third match when Qatar was scheduled to play — was finalized after the draw was made in Doha on April 1.
A Sunday start for the World Cup had been ruled out several years ago when a shorter, 28-day schedule requiring four games each day during the group stage was agreed to by FIFA after talks with influential leagues in Europe which will play club games through Nov. 13.
However, a Qatar-Ecuador game involves few players who are with European clubs and would give the host nation an exclusive day to open its tournament.
The opening ceremony could now actually be before the opening game, at Al Bayt Stadium, and open up the early evening slot on Monday for the Netherlands and Senegal.
The 2022 World Cup is the first in the tournament’s 92-year history to be played outside of the traditional northern hemisphere summer. The previous 21 editions were all played between late-May and the end of July.
FIFA finalized a decision in 2015 to avoid the searing heat in Qatar’s summer and move to November and December, despite opposition from most of European soccer unhappy at shutting down their domestic leagues for several peak weeks.
The Nov. 21-Dec. 18 tournament schedule was agreed to so that European clubs could play on the Nov. 12-13 weekend before releasing their players to the 32 World Cup teams.
The final will be played on a Sunday that is Qatar’s National Day, allowing a full week for players to return to clubs before the Premier League plays its traditional Boxing Day games on Dec. 26.
Qatar bid to host in June-July promising innovative stadium cooling technology to overcome heat expected to reach 45 degrees Celsius (113 degrees Fahrenheit) during the first World Cup held in the Middle East.
In December 2010, Qatar won a controversial contest beating the United States bid 14-8 in a final round of voting by the FIFA executive committee.
More than four years later, FIFA moved the tournament to be played on dates when temperatures should be around 25 to 30 degrees C (77 to 86 degrees F).
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More AP soccer: https://apnews.com/hub/soccer and https://twitter.com/AP_Sports | https://www.washingtonpost.com/sports/soccer/fifa-looks-to-start-world-cup-in-qatar-1-day-earlier/2022/08/10/d6fd3926-1892-11ed-b998-b2ab68f58468_story.html | 2022-08-10T10:39:30Z | https://www.washingtonpost.com/sports/soccer/fifa-looks-to-start-world-cup-in-qatar-1-day-earlier/2022/08/10/d6fd3926-1892-11ed-b998-b2ab68f58468_story.html | true |
BOISE, Idaho (AP) — The U.S. Department of Justice asked a federal judge this week to bar Idaho from enforcing its near-total abortion ban while a lawsuit pitting federal health care law against state anti-abortion legislation is underway.
Meanwhile, the Republican-led Idaho Legislature is asking for permission to intervene in the federal case, just as it has done in three other abortion-related lawsuits filed in state courts.
The complex legal maneuvering playing out in Idaho is becoming increasingly common in red states as the American landscape of reproductive care continues to feel the aftershocks from the U.S. Supreme Court’s decision overturning decades of abortion rights rulings. Judges in the neighboring states of Montana and Wyoming were weighing similar requests, with the Montana Supreme Court on Tuesday keeping three abortion laws on pause and the Wyoming judge expected to issue a ruling soon.
“If allowed to go into effect, the Idaho law will cause significant irreparable harm, including to the public health of patients across Idaho,” Justice Department attorney Lisa Newman wrote in court documents filed Monday.
The Justice Department sued Idaho last week over the state’s strict abortion ban, saying it would force doctors to violate the Emergency Medical Treatment and Labor Act, a federal law that requires anyone coming to a medical facility for emergency treatment to be stabilized and treated.
The law enacted in 2020 and set up as a “trigger law” automatically takes effect on Aug. 25 now that the U.S. Supreme Court has overturned its landmark abortion rights ruling nearly a half-century after Roe v. Wade.
The law criminalizes all abortions, and anyone who performs, attempts or assists with abortions can face two to five years in prison in addition to losing their health care license. However, physicians who perform abortions to save a patient’s life, or in cases of rape or incest, can use that information as a legal defense during the criminal trial.
The Emergency Medical Treatment and Labor Act requires hospitals that receive federal Medicare funds to provide stabilizing medical treatment to patients experiencing medical emergencies. Some of those patients are pregnant, the Justice Department said, and in some situations that emergency stabilizing treatment involves terminating a pregnancy.
Idaho has 52 Medicare-certified hospitals that together received approximately $3.4 billion in Medicare funds during the 2018, 2019 and 2020 budget years, according to the lawsuit, including about $74 million that was attributed to the hospitals’ emergency departments.
Idaho’s law is “far narrower” than the federal law, the Justice Department contends, and and puts physicians in impossible positions when they have patients with ectopic pregnancies, dangerously high blood pressure, serious infections and other life-threatening conditions.
“Even in cases where termination of the pregnancy is necessary to prevent the patient’s death, the Idaho law requires a physician to risk arrest and prosecution for each abortion performed because the law affords only an ‘affirmative defense’ that the physician must prove at trial,” Newman wrote for the federal government. “By threatening physicians with criminal prosecution — even when they provide treatment in emergency, life-threatening situations as federal law requires — Idaho’s law penalizes and discourages such treatment, and thereby conflicts directly with federal law.”
Idaho Attorney General Lawrence Wasden’s office has not yet responded to the lawsuit in legal filings, but Wasden issued a statement last week calling the lawsuit “politically motivated” and criticizing the Justice Department for not first seeking a “meaningful dialogue” with state officials on the issue.
The Idaho Legislature asked permission to formally intervene in the case on Monday.
“The Legislature has unique understandings and insights into Idaho emergency room abortions (the only type of abortions at issue here) that will also assist this court in the just resolution of this civil action,” the legislature’s privately hired attorneys, Daniel Bower and Monte Neil Stewart, wrote.
Senior U.S. District Judge B. Lynn Winmill did not say in court documents when he would make a ruling on the Justice Department request to put the abortion ban on hold, but did set out a timeline requiring that “friend of the court” briefs like those from the Legislature be filed by Aug. 19 in the case.
The state of Idaho is also fighting three other abortion-related lawsuits in the Idaho Supreme Court. Those lawsuits, filed by a regional Planned Parenthood affiliate and a family doctor, take aim at the state’s near-total abortion ban, another abortion ban that begins after six weeks of pregnancy, and a law allowing potential relatives of an embryo or fetus to sue abortion providers for at least $20,000.
Those cases are still pending in court.
In Wyoming, attorneys argued Tuesday over whether Wyoming’s abortion ban should continue to be suspended amid a lawsuit contesting the new law.
Four women, including two obstetricians, and two nonprofits, including one that planned to open a Casper women’s health and abortion clinic that was firebombed in May, filed the Wyoming lawsuit. Wyoming’s law would allow abortions in cases of rape, incest and serious medical complications but the ban would force pregnant women in such circumstances and their doctors to grapple with the risk of prosecution, they argue.
Teton County District Judge Melissa Owens, in Jackson, showed sympathy with those arguments in temporarily suspending Wyoming’s abortion ban hours after it took effect July 27. After hearing similar arguments again Tuesday, Owens plans to rule no later than Wednesday on whether to continue to suspend the law.
Meanwhile in Montana, the state Supreme Court on Tuesday upheld a temporary injunction blocking three abortion laws passed by the 2021 Legislature from taking effect while a legal challenge plays out.
The challenged laws would have banned abortions passed 20 weeks, eliminated tele-health services for medication abortions and require abortion providers to offer patients the opportunity to listen to the fetal heart tone or view an ultrasound before performing an abortion.
___
Associated Press writers Amy Beth Hanson in Helena, Montana and Mead Gruver in Cheyenne, Wyoming, contributed. | https://cbs4indy.com/news/national-world/ap-us-news/justice-department-asks-judge-to-pause-idaho-abortion-ban/ | 2022-08-10T10:39:34Z | https://cbs4indy.com/news/national-world/ap-us-news/justice-department-asks-judge-to-pause-idaho-abortion-ban/ | true |
TX El Paso Tx/Santa Teresa NM Zone Forecast for Tuesday, August 9, 2022
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460 FPUS54 KEPZ 100948
ZFPEPZ
Zone Forecast Product for New Mexico
National Weather Service El Paso Tx/Santa Teresa NM
348 AM MDT Wed Aug 10 2022
TXZ418-102215-
Western El Paso County-
Including the cities of Downtown El Paso, West El Paso,
and Upper Valley
348 AM MDT Wed Aug 10 2022
.TODAY...Mostly sunny. Scattered showers and thunderstorms this
afternoon. Locally heavy rainfall possible this afternoon. Highs
in the mid 90s. East winds 10 to 15 mph. Chance of rain
30 percent.
.TONIGHT...Mostly cloudy with scattered showers and
thunderstorms. Lows in the lower 70s. East winds 10 to 15 mph.
Chance of rain 40 percent.
.THURSDAY...Mostly sunny. A chance of showers and thunderstorms
in the afternoon. Some thunderstorms may produce heavy rainfall
in the afternoon. Highs in the lower 90s. East winds 5 to 10 mph.
Chance of rain 40 percent.
.THURSDAY NIGHT...Mostly cloudy in the evening, then becoming
partly cloudy. A chance of showers. A chance of thunderstorms.
Some thunderstorms may produce heavy rainfall in the evening.
Lows around 70. East winds 5 to 10 mph. Chance of rain
40 percent.
.FRIDAY...Mostly sunny. A chance of showers and thunderstorms in
the afternoon. Highs in the mid 90s. East winds 5 to 10 mph.
Chance of rain 40 percent.
.FRIDAY NIGHT THROUGH SATURDAY NIGHT...Partly cloudy with a
chance of showers and thunderstorms. Lows in the lower 70s. Highs
in the mid 90s. Chance of rain 30 percent.
.SUNDAY AND SUNDAY NIGHT...Partly cloudy. Highs in the mid 90s.
Lows in the lower 70s.
.MONDAY...Sunny. Highs in the mid 90s.
.MONDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms in the evening. Lows in the lower 70s. Chance of
rain 30 percent.
.TUESDAY...Mostly sunny. Highs in the mid 90s.
$$
TXZ419-102215-
Eastern/Central El Paso County-
Including the cities of East and Northeast El Paso, Socorro,
and Fort Bliss
348 AM MDT Wed Aug 10 2022
.TODAY...Mostly sunny. Scattered showers and thunderstorms this
afternoon. Locally heavy rainfall possible this afternoon. Highs
in the mid 90s. Southeast winds 10 to 15 mph. Chance of rain
30 percent.
.TONIGHT...Mostly cloudy with scattered showers and
thunderstorms. Lows in the lower 70s. East winds 10 to 15 mph.
Chance of rain 30 percent.
.THURSDAY...Mostly sunny. A chance of showers and thunderstorms
in the afternoon. Highs in the lower 90s. East winds 5 to 10 mph.
Chance of rain 50 percent.
.THURSDAY NIGHT...Mostly cloudy in the evening, then becoming
partly cloudy. A chance of showers and thunderstorms. Lows in the
lower 70s. East winds 5 to 10 mph. Chance of rain 40 percent.
.FRIDAY...Mostly sunny. A chance of showers and thunderstorms in
the afternoon. Highs in the lower 90s. East winds 5 to 10 mph.
Chance of rain 40 percent.
.FRIDAY NIGHT...Mostly cloudy in the evening, then becoming
partly cloudy. Lows in the lower 70s.
.SATURDAY...Mostly sunny. A chance of showers and thunderstorms
in the afternoon. Highs in the mid 90s. Chance of rain
30 percent.
.SATURDAY NIGHT...Mostly cloudy in the evening, then becoming
partly cloudy. Lows around 70.
.SUNDAY...Sunny. Highs in the mid 90s.
.SUNDAY NIGHT...Partly cloudy. Lows in the lower 70s.
.MONDAY...Sunny. Highs in the mid 90s.
.MONDAY NIGHT...Partly cloudy. Lows in the lower 70s.
.TUESDAY...Sunny. Highs in the mid 90s.
$$
TXZ420-102215-
Northern Hudspeth Highlands/Hueco Mountains-
Including the cities of Hueco Tanks and Loma Linda
348 AM MDT Wed Aug 10 2022
.TODAY...Mostly sunny. Scattered showers and thunderstorms this
afternoon. Locally heavy rainfall possible this afternoon. Highs
in the upper 80s. East winds 10 to 15 mph. Chance of rain
40 percent.
.TONIGHT...Mostly cloudy in the evening, then becoming partly
cloudy. Scattered showers and thunderstorms. Lows in the mid 60s.
East winds 10 to 15 mph. Chance of rain 30 percent.
.THURSDAY...Mostly sunny. A chance of showers and thunderstorms
in the afternoon. Highs in the upper 80s. East winds 5 to 10 mph.
Chance of rain 50 percent.
.THURSDAY NIGHT...Partly cloudy with a chance of showers and
thunderstorms. Lows in the mid 60s. East winds 10 to 15 mph.
Chance of rain 40 percent.
.FRIDAY...Mostly sunny. A chance of showers and thunderstorms in
the afternoon. Highs in the upper 80s. East winds 10 to 15 mph.
Chance of rain 50 percent.
.FRIDAY NIGHT...Partly cloudy. Lows in the upper 60s.
.SATURDAY...Mostly sunny. A chance of showers and thunderstorms
in the afternoon. Highs in the upper 80s. Chance of rain
40 percent.
.SATURDAY NIGHT...Partly cloudy. Lows in the mid 60s.
.SUNDAY...Sunny. Highs around 90.
.SUNDAY NIGHT...Partly cloudy. Lows in the upper 60s.
.MONDAY THROUGH TUESDAY...Mostly clear. Highs in the lower 90s.
Lows in the upper 60s.
$$
TXZ423-102215-
Rio Grande Valley of Eastern El Paso/Western Hudspeth Counties-
Including the cities of Fabens, Fort Hancock, and Tornillo
348 AM MDT Wed Aug 10 2022
.TODAY...Mostly sunny. Scattered showers and thunderstorms this
afternoon. Locally heavy rainfall possible this afternoon. Highs
in the mid 90s. East winds 5 to 10 mph. Chance of rain
30 percent.
.TONIGHT...Mostly cloudy with scattered showers and thunderstorms
in the evening, then partly cloudy with isolated showers and
thunderstorms after midnight. Lows in the lower 70s. East winds
10 to 15 mph. Chance of rain 30 percent.
.THURSDAY...Mostly sunny. A chance of showers and thunderstorms
in the afternoon. Highs in the lower 90s. East winds 5 to 10 mph.
Chance of rain 40 percent.
.THURSDAY NIGHT...Mostly cloudy with a chance of showers and
thunderstorms. Lows in the upper 60s. East winds 5 to 10 mph.
Chance of rain 40 percent.
.FRIDAY...Mostly sunny. A chance of showers and thunderstorms in
the afternoon. Highs in the mid 90s. East winds 5 to 10 mph.
Chance of rain 50 percent.
.FRIDAY NIGHT...Mostly cloudy in the evening, then becoming
partly cloudy. Lows around 70.
.SATURDAY...Mostly sunny. A chance of showers and thunderstorms
in the afternoon. Highs in the mid 90s. Chance of rain
30 percent.
.SATURDAY NIGHT...Partly cloudy. Lows in the upper 60s.
.SUNDAY...Sunny. Highs in the mid 90s.
.SUNDAY NIGHT...Partly cloudy. Lows around 70.
.MONDAY...Sunny. Highs in the mid 90s.
.MONDAY NIGHT...Partly cloudy. Lows in the lower 70s.
.TUESDAY...Sunny. Highs in the mid 90s.
$$
TXZ421-102215-
Salt Basin-
Including the cities of Cornudas, Dell City, and Salt Flat
348 AM MDT Wed Aug 10 2022
.TODAY...Mostly sunny. Scattered showers and thunderstorms this
afternoon. Locally heavy rainfall possible this afternoon. Highs
in the lower 90s. East winds 10 to 15 mph. Chance of rain
40 percent.
.TONIGHT...Mostly cloudy in the evening, then becoming partly
cloudy. Scattered showers and thunderstorms. Lows in the upper
60s. East winds 15 to 20 mph, diminishing to 5 to 10 mph after
midnight. Chance of rain 30 percent.
.THURSDAY...Mostly sunny. A chance of showers and thunderstorms
in the afternoon. Highs in the upper 80s. East winds 10 to
15 mph. Chance of rain 50 percent.
.THURSDAY NIGHT...Partly cloudy with a chance of showers and
thunderstorms. Lows in the upper 60s. East winds 10 to 15 mph.
Chance of rain 40 percent.
.FRIDAY...Mostly sunny. A chance of showers and thunderstorms in
the afternoon. Highs in the lower 90s. East winds 10 to 15 mph.
Chance of rain 50 percent.
.FRIDAY NIGHT THROUGH SATURDAY NIGHT...Partly cloudy. Lows in the
upper 60s. Highs in the lower 90s.
.SUNDAY THROUGH TUESDAY...Mostly clear. Highs in the mid 90s.
Lows in the upper 60s.
$$
TXZ422-102215-
Southern Hudspeth Highlands-
Including the city of Sierra Blanca
348 AM MDT Wed Aug 10 2022
.TODAY...Mostly sunny. Scattered showers and thunderstorms this
afternoon. Locally heavy rainfall possible this afternoon. Highs
in the upper 80s. East winds 10 to 15 mph. Chance of rain
40 percent.
.TONIGHT...Mostly cloudy in the evening, then becoming partly
cloudy. Scattered showers and thunderstorms. Lows in the upper
60s. East winds 10 to 15 mph. Chance of rain 30 percent.
.THURSDAY...Mostly sunny. A chance of showers and thunderstorms
in the afternoon. Some thunderstorms may produce heavy rainfall
in the afternoon. Highs in the mid 80s. East winds 10 to 15 mph.
Chance of rain 50 percent.
.THURSDAY NIGHT...Mostly cloudy with a chance of showers and
thunderstorms in the evening, then partly cloudy after midnight.
Some thunderstorms may produce heavy rainfall in the evening.
Lows in the upper 60s. East winds 10 to 15 mph. Chance of rain
40 percent.
.FRIDAY...Mostly sunny. A chance of showers and thunderstorms in
the afternoon. Highs in the upper 80s. East winds 10 to 15 mph.
Chance of rain 50 percent.
.FRIDAY NIGHT...Partly cloudy. Lows in the mid 60s.
.SATURDAY...Mostly sunny. A chance of showers and thunderstorms
in the afternoon. Highs in the upper 80s. Chance of rain
40 percent.
.SATURDAY NIGHT...Partly cloudy. Lows in the mid 60s.
.SUNDAY...Sunny. A chance of showers and thunderstorms in the
afternoon. Highs around 90. Chance of rain 30 percent.
.SUNDAY NIGHT...Partly cloudy in the evening, then clearing. Lows
in the upper 60s.
.MONDAY THROUGH TUESDAY...Mostly clear. Highs around 90. Lows in
the upper 60s.
$$
TXZ424-102215-
Rio Grande Valley of Eastern Hudspeth County-
Including the city of Indian Hot Springs
348 AM MDT Wed Aug 10 2022
.TODAY...Mostly sunny. Scattered showers and thunderstorms this
afternoon. Locally heavy rainfall possible this afternoon. Highs
in the mid 90s. East winds 10 to 15 mph. Chance of rain
30 percent.
.TONIGHT...Mostly cloudy with scattered showers and thunderstorms
in the evening, then partly cloudy with isolated showers and
thunderstorms after midnight. Lows in the lower 70s. East winds
10 to 15 mph. Chance of rain 30 percent.
.THURSDAY...Mostly sunny. A chance of showers and thunderstorms
in the afternoon. Highs in the lower 90s. East winds 5 to 10 mph.
Chance of rain 50 percent.
.THURSDAY NIGHT...Mostly cloudy. A chance of showers and
thunderstorms in the evening. Lows in the lower 70s. East winds
5 to 10 mph. Chance of rain 40 percent.
.FRIDAY...Mostly sunny. A chance of showers and thunderstorms in
the afternoon. Highs in the mid 90s. East winds 5 to 10 mph.
Chance of rain 50 percent.
.FRIDAY NIGHT...Mostly cloudy in the evening, then becoming
partly cloudy. Lows around 70.
.SATURDAY...Mostly sunny. A chance of showers and thunderstorms
in the afternoon. Highs in the mid 90s. Chance of rain
40 percent.
.SATURDAY NIGHT...Partly cloudy. Lows in the upper 60s.
.SUNDAY...Sunny. A chance of showers and thunderstorms in the
afternoon. Highs in the mid 90s. Chance of rain 30 percent.
.SUNDAY NIGHT...Partly cloudy. Lows in the lower 70s.
.MONDAY...Sunny. Highs in the mid 90s.
.MONDAY NIGHT...Partly cloudy in the evening, then becoming
mostly clear. Lows in the lower 70s.
.TUESDAY...Sunny. Highs in the mid 90s.
$$
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Eric Lloyd Named Executive Chairman of the Board
Jonathan Bock Promoted to CEO
Jonathan Landsberg Promoted to CFO
Elizabeth Murray Promoted to COO
CHARLOTTE, N.C., Aug. 10, 2022 /PRNewswire/ -- Barings BDC, Inc. (NYSE: BBDC) ("Barings BDC" or the "Company") today announced that its Board of Directors has named Eric Lloyd as Executive Chairman of the Board and promoted three of its longstanding senior executive officers. Mr. Lloyd has served as Chairman since 2021 and Chief Executive Officer and Director since 2018.
Jonathan ("Jon") Bock has been promoted to Chief Executive Officer of Barings BDC, where he has served as Chief Financial Officer since 2018.
Jonathan Landsberg has been promoted to Chief Financial Officer of Barings BDC, where he has served as Treasurer and Head of Investor Relations.
Elizabeth Murray has been promoted to Chief Operating Officer of Barings BDC, where she also serves as Chief Accounting Officer.
Mr. Lloyd commented, "Since our formation transaction four years ago, Barings BDC has emerged as a leader in the BDC space. Today's promotions are a testament to the significant contributions Jon, Jonathan, and Elizabeth have made to the success of BBDC since Barings became the Investment Advisor to Triangle Capital in 2018. These individuals are respected leaders in the industry and we appreciate their commitment to Barings BDC stakeholders."
Mark Mulhern, Chairman of the Barings BDC Audit Committee, stated, "On behalf of the Board, we congratulate Eric, Jon, Jonathan, and Elizabeth on their accomplishments in leading and growing our business on the four-year anniversary as an externally-managed BDC. These new positions demonstrate the confidence we as a Board have in the management team of BBDC."
"I would like to thank the Barings BDC Board for its strong support over the past four years. The management team is enthusiastic and confident in taking on these new responsibilities," said Mr. Bock. "I also want to congratulate Eric, Jonathan, and Elizabeth on their new roles and look forward to continuing our successful working relationship."
The promotions will be effective September 1, 2022.
Eric Lloyd Bio
Mr. Lloyd is President of Barings LLC, where he leads and manages cross-asset investment teams, corporate strategy, business development, product management, investment business management, research analytics and quant, permanent capital, special situations, and marketing and communication. Mr. Lloyd also works closely with all the investment teams at Barings LLC. Prior to his current role, he served as Head of Private Assets. Mr. Lloyd has worked in the industry since 1990 and his experience has encompassed leadership positions in investment management, investment banking, leveraged finance, and risk management. Prior to joining Barings in 2013, Mr. Lloyd served as Head of Market and Institutional Risk for Wells Fargo, was on Wells Fargo's Management Committee, and was a member of the Board of Directors of Wells Fargo Securities. Before the acquisition of Wachovia, he worked in Wachovia's Global Markets Investment Banking division and served on the division's Operating Committee, where he had various leadership positions, including Head of Wachovia's Global Leveraged Finance Group. Mr. Lloyd is an Executive Sponsor of both the Veteran's and the Out & Allies Employee Resource Groups. He holds a B.S. in Finance from the University of Virginia, McIntire School of Commerce.
Jonathan Bock Bio
In addition to his role at Barings BDC, Mr. Bock serves as the Co-Chief Executive Officer and President of Barings Private Credit Corporation, and Chief Financial Officer of Barings Capital Investment Corporation, Barings Corporate Investors, and Barings Participation Investors. Prior to joining Barings LLC in 2018, Mr. Bock was a Managing Director and Senior Equity Analyst at Wells Fargo Securities specializing in BDCs. He has actively followed the BDC space since 2006 and was the chief author of a leading BDC quarterly research publication: the BDC Scorecard. His research is often cited by The Wall Street Journal, Barron's, and other prominent financial publications. Prior to Wells Fargo, Mr. Bock followed the specialty finance space at Stifel Nicolaus & Company and A.G. Edwards Inc. Prior to entering sell-side research in 2006, Mr. Bock was an equity portfolio manager/analyst at Busey Wealth Management in Champaign, Illinois. Mr. Bock holds a B.S. in Finance from the University Of Illinois College Of Business and is a CFA charterholder.
Jonathan Landsberg Bio
In addition to his role at Barings BDC, Mr. Landsberg is the Chief Financial Officer of Barings Private Credit Corporation and Treasurer and Head of Investor Relations for Barings Capital Investment Corporation. He is also a Vice President of Barings Corporate Investors and Barings Participation Investors. He has roles with several BDC-affiliated joint ventures, including as Principal of Jocassee Partners LLC, and a Board member of Sierra Senior Loan Strategy JV I LLC, Banff Partners LP, Thompson Rivers LLC, and Waccamaw River LLC. Mr. Landsberg has worked in the industry since 2006. Prior to joining Barings in 2018, Mr. Landsberg was a Fixed Income Research Analyst at Wells Fargo Securities, covering the bank and specialty finance sectors. Before Wells Fargo, he spent eight years at Merrill Lynch/Bank of America in roles across debt origination and syndicated lending. Mr. Landsberg holds B.A. degrees in Engineering Sciences and Economics from Dartmouth College and is a member of the CFA Institute.
Elizabeth Murray Bio
In addition to her role at Barings BDC, Ms. Murray serves as the Principal Accounting Officer of Barings Private Credit Corporation, Barings Capital Investment Corporation, Barings Corporate Investors, and Barings Participation Investors. She also serves as the Chief Financial Officer for Barings Global Short Duration High Yield Fund. Ms. Murray previously was the Director of External Reporting for the Company and previously served as the Vice President of Financial Reporting at Triangle Capital Corporation prior to the externalization of the investment management of the Company to Barings LLC. Prior to joining Triangle Capital Corporation in 2012, she worked in Financial Planning and Analysis for RBC Bank, the U.S. retail banking division for Royal Bank of Canada. Prior to RBC Bank, Ms. Murray spent seven years at Progress Energy, Inc. and held various positions in finance, accounting and tax, most recently in Strategy and Financial Planning. She began her career as a Tax Consultant with PricewaterhouseCoopers. Ms. Murray is a graduate of North Carolina State University where she obtained a B.S. degree in Accounting and a Master of Accounting degree. She is also a North Carolina Certified Public Accountant.
About Barings BDC, Inc.
Barings BDC, Inc. (NYSE: BBDC) is a publicly traded, externally managed investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. Barings BDC seeks to invest primarily in senior secured loans in middle-market companies that operate across a wide range of industries. Barings BDC's investment activities are managed by its investment adviser, Barings LLC, a leading global asset manager based in Charlotte, NC with $349+ billion* of AUM firm-wide. For more information, visit www.barings.com.
About Barings LLC
Barings is a $349+ billion* global investment manager sourcing differentiated opportunities and building long-term portfolios across public and private fixed income, real estate, and specialist equity markets. With investment professionals based in North America, Europe and Asia Pacific, the firm, a subsidiary of MassMutual, aims to serve its clients, communities and employees, and is committed to sustainable practices and responsible investment. Learn more at www.barings.com.
*Assets under management as of June 30, 2022
Media Contact:
MediaRelations@Barings.com
Investor Relations:
BDCinvestorrelations@barings.com, 888-401-1088
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Game Of Thrones star Sean Bean criticised for questioning role of intimacy consultants during sex scenes
The actor, 63, has provoked debate and criticism for his comments about the specialists, whose increased presence on set has been a legacy of the #MeToo movement.
Wednesday 10 August 2022 11:07, UK
Sean Bean has come under fire for questioning the role of intimacy consultants on film and TV sets during sex scenes, with one actress telling him to "wake up".
The Game Of Thrones actor, 63, was asked about the experts, whose role is to ensure actors and actresses feel safe during emotional or traumatic scenes and whose increasing presence has been a legacy of the #MeToo movement.
He suggested that having the consultants would "spoil the spontaneity", but West Side Story star Rachel Zegler hit back saying spontaneity in intimate scenes can be unsafe.
Speaking to The Times, Bean said: "I should imagine it slows down the thrust of it. Ha, not the thrust, that's the wrong word.
"It would spoil the spontaneity."
Asked about the role of intimacy consultants in relation to the #MeToo movement, Bean discussed a scene between him and co-star Lena Hall for TV series Snowpiercer.
He said: "I suppose it depends on the actress. This one had a musical cabaret background, so she was up for anything."
His comments on intimacy consultants have sparked criticism and discussion within the industry, including from Hall.
In a thread on Twitter, she said: "Just because I am in theatre (not cabaret, but I do perform them every once in a while) does not mean that I am up for anything.
"Seriously does depend on the other actor, the scene we are about to do, the director, and whatever crew has to be in there to film it."
She added: "If I feel comfortable with my scene partner and with others in the room then I won't need an intimacy coordinator.
"BUT if there is any part of me that is feeling weird, gross, over exposed etc... I will either challenge the necessity of the scene or I'll want an IC (intimacy consultant)."
She also praised Bean as an "awesome actor" who "made me feel not only comfortable but also like I had a true acting partner in those bizarre scenes".
"It was us against the world and we were gonna tell that story," she said.
American actress Zegler also responded to Bean's remarks on Twitter, saying: "Intimacy coordinators establish an environment of safety for actors.
"I was extremely grateful for the one we had on WSS (West Side Story) - they showed grace to a newcomer like myself + educated those around me who've had years of experience.
"Spontaneity in intimate scenes can be unsafe. wake up."
What is the #MeToo movement?
The #MeToo movement started five days after the first allegations were made against Harvey Weinstein, when actress Alyssa Milano tweeted that if all women who have been sexually harassed or assaulted tweet "Me Too" then "we might give people a sense of the magnitude of the problem".
The movement prompted actresses and the public to speak out against their alleged attackers.
It has given many people the courage to feel unashamed about being sexually assaulted, and to bring allegations against perpetrators.
There have been protests across the world under the #MeToo banner. | https://news.sky.com/story/game-of-thrones-star-sean-bean-criticised-for-questioning-role-of-intimacy-consultants-during-sex-scenes-12669702 | 2022-08-10T10:41:55Z | https://news.sky.com/story/game-of-thrones-star-sean-bean-criticised-for-questioning-role-of-intimacy-consultants-during-sex-scenes-12669702 | true |
NEW YORK, Aug. 10, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of 17 Education & Technology Group Inc..
Shareholders who purchased shares of YQ 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 persons or entities who purchased or otherwise acquired publicly traded 17EdTech securities pursuant and/or traceable to the registration statement and related prospectus issued in connection with 17EdTech's December 2020 initial public offering.
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) 17EdTech's K-12 Academic AST Services would end less than a year after the Company's initial public offering; (2) as part of its ongoing regulatory efforts, Chinese authorities would imminently curtail and/or end 17EdTech's core business; and (3) as a result, defendants' statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
DEADLINE: September 19, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/17edtech-loss-submission-form/?id=30699&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of YQ during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is September 19, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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Delivers Record Quarterly Revenues and Strong Gross Margin for Q2
Improves 2022 Guidance, Adjusted EBITDA Breakeven Expected Exiting 2023
HOD HASHARON, Israel, Aug. 10, 2022 /PRNewswire/ -- Valens Semiconductor Ltd. (NYSE: VLN), a premier provider of high-speed connectivity solutions for the audio-video and automotive markets, today reported financial results for the second quarter ended June 30, 2022.
"In Q2 2022, Valens Semiconductor reported its highest ever quarterly revenues of $22.5 million, up 28.4% from Q2 2021, as we continued to meet the growing demand from customers in our audio-video and automotive markets," said Gideon Ben-Zvi, CEO of Valens Semiconductor. "In audio video, the main trends we are seeing are the transition to higher resolutions and growing demand for high bandwidth video connectivity and camera imaging extensions, as organizations aim to enhance and optimize content transmission. It is clear that our audio-video distribution technology will continue to play an important role in fields such as work, education, medical, government and others. In our automotive business, revenues from our VA6000 from Mercedes Benz cars continue to ramp. We made strides advancing our rear-view camera for trucks project with Stoneridge, who will incorporate our VA6000 chipsets into a safety connectivity solution. With a sizable number of potential automotive customers and partners looking to integrate our VA7000 chipsets to support Advanced Driver-Assistance Systems (ADAS) into their platforms, we believe that we are on track to attain design wins by mid-year 2023.
"Considering our better than anticipated first half of the year and visibility into the second half of 2022, we are increasing our full year revenues, gross margin and adjusted EBITDA guidance. Through our ongoing conversations with prospective customers and partners, we are learning more about their priorities, plans and timing for use of our current and next generation solutions. To match their roadmaps, we recently realigned and optimized our automotive R&D efforts for the next two years, which we believe will also contribute to us reaching adjusted EBITDA breakeven towards the end of 2023. Now more than ever, Valens Semiconductor is well-positioned to create long-term value for our stakeholders."
Key Financial and Business Highlights
- Record quarterly revenues of $22.5 million, up 28.4% from Q2 2021 and up 4.0% from Q1 2022
- Q2 2022 GAAP gross margin was 70.2% compared to 71.2% in Q2 2021 (non-GAAP gross margin was 71.0% compared to 71.1% in Q2 2021)
- Q2 2022 GAAP Net Loss was $(10.0) million, which included net financial expenses of $3.6 million, primarily from devaluation of Israeli-shekel related cash balance, compared to Net Loss of $(3.7) million in Q2 2021, and Adjusted EBITDA loss in the second quarter was $(4.5) million, compared to $(2.1) million in Q2 2021
- Strong balance sheet with working capital of $168.3 million, and $156.8 million in cash, cash equivalents and short-term deposits as of June 30, 2022
- Automotive:
- 2022 automotive revenues on track to double from 2021
- Continue to make progress with the evaluation of the company's MIPI A-PHY new VA7000 chipsets, as over 30 OEMs, Tier 1s and Tier 2s are evaluating this product for ADAS and surround view applications - Audio-video:
- Received substantial demand for VS3000, Valens Semiconductor's newest audio-video product family, from Tier 1 customers across many geographies
- Crestron Electronics announced full suite of more than 24 Professional Audio-Video (ProAV) products powered by the VS3000 for use by enterprises, in education and more. This adds to the multiple VS3000-based products already introduced by Crestron
- Interest in the company's technology in the medical space continues to grow. Introduced a connectivity solution with Würth Elektronik for medical imaging in unprecedented resolution that complies with the strict medical isolation specifications
Financial Outlook[1]
"Q2 2022 came in above the top end of our guidance, marking a strong first half for the year, and positioning us for a better than originally anticipated full year 2022," said Dror Heldenberg, CFO of Valens Semiconductor.
"For the third quarter of 2022, revenues are expected to range between $22.5 million and $22.8 million. Gross margin is expected to range between 65.4% and 66.1%, and Adjusted EBITDA loss is expected to be in the range of $(6.2) million to $(5.6) million.
"We are also raising our revenue, gross margin and Adjusted EBITDA guidance for the full year 2022. The company now expects revenues to range between $89.1 million and $89.8 million, up from the prior range of between $86.5 million and $88.0 million. Most of this increase is attributed to audio-video, while also essentially doubling the automotive revenue from the full year 2021. Gross margin is expected to range between 68.0% and 68.5%, up from the prior range of 66.0% and 67.3%. Adjusted EBITDA loss is expected to be in the range of $(25.7) million to $(24.3) million, substantially better than our previous guidance of $(37.2) million to $(35.5) million, due to the greater than expected revenues and improved gross margin. In addition, we expect to continue to see a benefit from a strong USD on our Israeli shekel-based expenses. Finally, we refined our automotive R&D focus for the next two years to products supporting sensor to ECU connectivity. This will allow us to slow the pace of hiring and reduce our investment in automotive R&D without impacting revenue opportunities or changing our longer-term technology roadmap.
"We are expecting to reach adjusted EBITDA breakeven by the end of next year, as the modest increase in 2023 R&D expenses from the lowered 2022 level will be offset by anticipated year-over-year revenue growth," concluded Heldenberg.
Adjusted EBITDA is a non-GAAP measure. See the tables below for additional information regarding this and other non-GAAP metrics used in this release.
Conference Call Information
Valens Semiconductor will host a conference call today, Wednesday, August 10, 2022, at 8:30 a.m. Eastern Time (ET) to discuss its second quarter 2022 financial results and business outlook. To access this call, dial (at least 10 minutes before the scheduled time) +1 (888) 642-5032 (U.S.), 0 (800) 917-5108 (UK), 03 918 0609 (Israel) or +972 3 918 0609 (all other locations).
A live webcast of the conference call will be available via the investor relations section of Valens Semiconductor's website at Valens - Financials - Quarterly Results. The live webcast can also be accessed by clicking here. A replay of the conference call will be available on Valens' website shortly after the call concludes.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding our anticipated future results, including financial results and contract wins, and future economic and market conditions. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Valens Semiconductor's ("Valens") management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Valens Semiconductor.
These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; failure to realize the anticipated benefits of the business combination; future global, regional or local economic and market conditions; the development, effects and enforcement of laws and regulations; Valens' ability to manage future growth; Valens' ability to develop new products and solutions, bring them to market in a timely manner, and make enhancements to them; the effects of competition on Valens' future business; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; the effects of health epidemics, such as the recent global COVID-19 pandemic, have had and could in the future have on Valens' revenue, its employees and results of operations; the cyclicality of the semiconductor industry; Valens' ability to adjust its supply chain volume due to changing market conditions or failure to estimate its customers' demand, including during any downturn in the automotive or audio-video markets; disruptions in relationships with any one of Valens' key customers; difficulty selling products if customers do not design Valens products into their product offerings; Valens' dependence on winning selection processes and ability to generate timely or sufficient net sales or margins from those wins; political conditions in Israel; and those factors discussed in Valens' annual report on Form 20-F filed with the SEC on March 2, 2022 under the heading "Risk Factors," and other documents of Valens filed, or to be filed, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Valens does not presently know or that Valens currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Valens' expectations, plans or forecasts of future events and views as of the date of this press release. Valens anticipates that subsequent events and developments may cause Valens' assessments to change. However, while Valens may elect to update these forward-looking statements at some point in the future, Valens specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Valens' assessment as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
About Valens Semiconductor
Valens Semiconductor pushes the boundaries of connectivity by enabling long-reach, high-speed video and data transmission for the Audio-Video and Automotive industries. Valens' HDBaseT® technology is the leading standard in the Audio-Video market with tens of millions of Valens' chipsets integrated into thousands of products in a wide range of applications. Valens Semiconductor's Automotive chipsets are deployed in systems manufactured by leading customers and are on the road in vehicles around the world. Valens is a key enabler of the evolution of ADAS and autonomous driving and its advanced technology is the basis for the new industry standard for high-speed in-vehicle connectivity. For more information, visit https://www.valens.com/.
1. Although we provide guidance for Adjusted EBITDA, we are not able to provide guidance for projected Net profit (loss), the most directly comparable GAAP measures. Certain elements of Net profit (loss), including share-based compensation expenses and warrant valuations, are not predictable due to the high variability and difficulty of making accurate forecasts. As a result, it is impractical for us to provide guidance on Net profit (loss) or to reconcile our Adjusted EBITDA guidance without unreasonable efforts. Consequently, no disclosure of projected Net profit (loss) is included. For the same reasons, we are unable to address the probable significance of the unavailable information.
2. Working Capital is calculated as Total Current Assets, less Total Current Liabilities, as of the last day of the period.
3. As of the last day of the period.
4. GAAP Gross Profit excluding share-based compensation and depreciation expenses, divided by revenue. For the three months ended June 30, 2022, and 2021, share-based compensation and depreciation expenses were $181 thousand and $(10) thousand respectively. For the six months ended June 30, 2022, and 2021, share-based compensation and depreciation expenses were $321 thousand and $47 thousand respectively.
5. Adjusted EBITDA is defined as Net profit (loss) before financial income (expense), net, income taxes, equity in earnings of investee and depreciation and amortization, further adjusted to exclude share-based compensation and change in fair value of Forfeiture Shares, which may vary from period-to-period. We caution investors that amounts presented in accordance with our definition of Adjusted EBITDA may not be comparable to similar measures disclosed by other issuers, because not all issuers calculate Adjusted EBITDA in the same manner. Adjusted EBITDA should not be considered as an alternative to Net loss or any other performance measures derived in accordance with GAAP or as an alternative to cash flows from operating activities as a measure of our liquidity. Please refer to the appendix at the end of this press release for a reconciliation to the most directly comparable measure in accordance with GAAP.
6. See reconciliation of GAAP to non-GAAP financial measures.
7. See note 6.
8. As of January 1, 2022, the company has implemented the FASB ASU No. 2016-02, Leases (ASC 842), on the recognition, measurement, presentation, and disclosure of leases.
9. As of June 30, 2022, includes $1,814 thousand of current maturities of operating leases liabilities (none as of December 31, 2021); see footnote 8.
10. See footnote 8.
11. The company calculates its non-GAAP Loss per Share as GAAP Net Loss adjusted to exclude the following: Stock based compensation, depreciation, and the change in fair value of Forfeiture Share (the change in fair value of Forfeiture Shares totaled at $1,538 thousand and $2,604 thousand for the second and first quarters of 2022, respectively) divided by the weighted average number of shares used in calculation of net loss per share.
Logo - https://mma.prnewswire.com/media/1517334/Valens_Logo.jpg
For more information, please contact:
Daphna Golden
VP Investor Relations
Valens Semiconductor Ltd.
investors@valens.com
Moriah Shilton
Financial Profiles, Inc.
valens@finprofiles.com
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Amid rising inflation, interest rates and recession worries, money is getting tighter for many folks — and probably for you. Yet there may be charitable organizations you want to support, friends or family asking for financial help and things you want to buy for yourself. It’s possible to do these things even on a limited budget. But if you want to be responsible with your money, you have to know where to draw the line.
When is it OK to put your own interests first? Use these criteria as guidance.
WHEN YOUR FINANCES ARE AT RISK
Think carefully before spending any amount of money on somebody else, whether that’s $20 or $2,000. Will it jeopardize your ability to pay bills or save for emergencies? Picking up the lunch tab for a friend or helping put your kid through college shouldn’t come at the cost of your own expenses and goals.
A crucial part of this assessment: Assume you’ll never get the money back. There’s no guarantee your loved ones will repay you, no matter how well-intentioned they may be.
“If you can’t afford to give it as a gift with no expectations on your end, then you can’t afford to help,” says Lacy Rogers, a certified financial planner in Fort Worth, Texas.
Saving toward a “giving budget” in a designated account can create a clear separation for your spending, says Valerie Rivera, a Chicago-based CFP. If you don’t have enough funds in the account, that signals that you can’t spare the money.
YOU FEEL PRESSURED TO PAY
You’re not required to hand out money even if you have the means to be generous. You have the right to say no when you feel stressed or uncomfortable. Don’t let others talk you into something you’ll regret.
Saying no can be challenging, especially when dealing with family or a close-knit community. Senses of guilt and obligation often cloud judgment. Your mother raised you, so the least you can do is pay her credit card debt, right? Not if it enables her to repeatedly overspend and turn to you for money.
A lot of people who are the first in their families to come to this country or go to college “can really quickly become other people’s financial safety nets,” Rivera says. That’s a heavy burden to bear.
Having conversations about finances with loved ones early and often helps set expectations. “It’s totally OK to reestablish or establish for the first time what money looks like in discussion with friends, in discussion with family,” says Kate Mielitz, an accredited financial counselor, or AFC, in Tumwater, Washington.
Take time to process each money request that comes your way. Consider passing if you’re concerned with getting taken advantage of or supporting harmful financial behavior.
YOU CAN HELP IN OTHER WAYS
Supporting the people you care about doesn’t always have to cost money. Your time, skills and knowledge are valuable too.
Say you have an elderly neighbor you used to purchase groceries for. “Maybe you can’t buy their groceries for them anymore but you can help them out with the yardwork, and maybe that eases the burden on them in a different way,” Rogers says.
If you’re unable to pitch in personally, point your loved ones in the direction of those who can. “Familiarize yourself or help your friends and family familiarize themselves with resources in the area — if that’s a food bank, if that is secondhand clothing, if that is job services or resume help that’s in the community — to help them move forward and get a stronger foot up,” Mielitz says.
Visiting 211.org is one way to find assistance with basic necessities like paying utility bills or accessing food. For people who want help managing their money, Mielitz recommends setting up a free virtual appointment with an AFC through the Association for Financial Counseling & Planning Education.
YOU’VE SET ASIDE MONEY TO TREAT YOURSELF
Taking care of your needs and goals (and giving to others) is important. But everyone deserves a little fun, too.
“We’re human and we need balance. We can’t only save for later and not enjoy life today,” Rivera says.
If you have discretionary money, don’t spend it all on others. Leave room for self-care, entertainment or whatever brings you joy.
“A lot of times, we use money to find ways to enhance our mood. Whether that is dining out or going out for a drink with a friend or buying a book,” Mielitz says. “But you’ve got to put together a spending plan and know what you have access to, because there are times when we don’t have the money and we spend it anyway.”
Regularly setting aside funds or shuffling expenses around can give you the flexibility to splurge on yourself without hurting your finances. If you can’t find extra money, make use of resources such as the free session with an AFC. An expert can help guide your dollars in the right direction.
“Life in general is a series of trade-offs,” Rivera says. “So it’s picking and choosing, what really is going to add value to your life?” | https://www.wmar2news.com/homepage-showcase/millennial-money-when-is-it-ok-to-be-selfish-with-money | 2022-08-10T10:52:07Z | https://www.wmar2news.com/homepage-showcase/millennial-money-when-is-it-ok-to-be-selfish-with-money | true |
SINGAPORE, Aug. 9, 2022 /PRNewswire/ -- Klaytn Foundation, a non-profit organization established to accelerate global adoption and ecosystem maturity on Klaytn blockchain, has announced the launch of their flagship global virtual hackathon, Klaymakers22, with more than US$1 million across more than US$300,000 prize pool and sponsored challenge prizes, grant and incubation opportunities.
Organized in partnership with DoraHacks, a global leading hackathon organization connecting hackers to enterprise challenges and entrepreneurial ideas, Klaymakers2022 aims to engage existing Web3 developers and onboard Web2 developers to develop dApps and build use cases on Klaytn, and also to attract students and researchers to explore Klaytn blockchain and the general applications of blockchain technology via research.
Registration for the hackathon will launch from 10 August, where anyone can sign up to participate in a series of developer-targeted workshops, and hackathon submission will open from 29 August to 30 September on the DoraHacks platform.
There are five tracks that participants can select from:
- The Klaytn Core+ track - for developers who are interested in driving improvement and building toolings on Klaytn core protocol.
- The Metaverse & NFTs track - for developers who are interested in building use cases and toolings in Metaverse & NFTs to support the growth of Klaytn ecosystem in these aspects.
- The DAO track - for developers who are interested in DAO use cases or its supporting toolings on the Klaytn ecosystem to drive the growth of community use cases on Klaytn ecosystem.
- The Fi+ track - for developers who are interested in building use cases and its supporting toolings of any Fi+ fields (e.g. DeFi, GameFi, MetaFi, SocialFi, etc.) on Klaytn ecosystem.
- The Public Goods track - for developers to take the chance to build use cases and toolings on the Klaytn ecosystem that could make a difference against public difficulties (e.g. climate change, pollution, war, oppression, economic inequality, fake news, etc.) and on any potential social impact.
Klaymakers22 is supported by many Klaytn ecosystem partners, some of which will also be sponsoring their own challenge statements for US$10,000 in prizes. Participants can select from any of these sponsors' challenges on top of the tracks to win additional prizes. Partners will also be conducting free business and technical workshops and to help in the judging process.
Participants can join the developer community on discord, and look forward to taking part in free workshops organised by Klaytn and partners to help them deep dive into Web3. Outstanding projects will receive additional post-hackathon support such as grants and investments to incubation and accelerators, to help them go to the next level.
Finally, the first 200 registered teams will also receive US$50 worth of AWS credit when they submit their Klaymakers22 buidl on Dorahacks submission platform.
Find out how you can participate here!
About Klaytn
Klaytn is a public blockchain focused on the metaverse, gamefi, and the creator economy. Officially launched in June 2019, it is the dominant blockchain platform in South Korea and is now undergoing global business expansion from its international base in Singapore, led by the Klaytn Foundation.
Since unveiling its metaverse roadmap in early 2022, the Ethereum-equivalent L1 chain has seen many well-known companies come onboard its metaverse—including game developer and publishing powerhouses such as Netmarble and Neowiz. It recently ramped up efforts to lay the foundation for the metaverse and to expand use cases.
About Klaytn Foundation
Klaytn Foundation is a non-profit organization that was established to accelerate global adoption and ecosystem maturity on Klaytn. The foundation manages the US$500m Klaytn Growth Fund and operates alongside Krust, a subsidiary of internet giant Kakao Corp that invests in projects built on Klaytn.
Find out more at https://klaytn.foundation/
About DoraHacks
DoraHacks is the hacker movement and one of the largest Web3 developer incentive platforms. DoraHacks provides key infrastructures connecting developers with grants and other crucial resources from leading Web3 ecosystems like Binance, Solana, Polygon, Klaytn. Since 2014, DoraHacks helped 2500+ startups raised $25M+ in grants. Startups from the Dora community include ETHSign, Zecrey, Thetan Arena, Dora Factory, Functionland, CryptoSat, Dopr, Manta Network, Identdefi and many more.
For media enquiries, please contact:
Kimberley Kok
Corporate Communications, Klaytn Foundation
Email: kimberley.kok@klaytn.foundation
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SOURCE Klaytn Foundation | https://www.mysuncoast.com/prnewswire/2022/08/10/klaytn-foundation-launches-web3-hackathon-with-over-us1-million-prizes-grant-opportunities/ | 2022-08-10T10:56:07Z | https://www.mysuncoast.com/prnewswire/2022/08/10/klaytn-foundation-launches-web3-hackathon-with-over-us1-million-prizes-grant-opportunities/ | false |
TAMPA, FL, Aug. 10, 2022 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"), a leading provider of sustainable drinking water solutions in North America and Europe, announced that its Board of Directors authorized a new $100 million share repurchase program and declared a quarterly dividend.
The Board of Directors authorized a new $100 million share repurchase program which commences on August 15, 2022 and expires on August 14, 2023. Under the program, the Company's common shares may be repurchased periodically in open market or privately negotiated transactions through the facilities of the NYSE.
"Primo's cash flow and balance sheet enable us to simultaneously return value to shareholders through regular quarterly dividends as well as an opportunistic share repurchase program of $100,000,000, while at the same time continuing to invest in internal and external opportunities that will further strengthen our operations and drive long-term growth. The Board of Directors and management team strongly believe that Primo's shares are an attractive investment opportunity and repurchasing stock is an important part of our capital allocation strategy," said Tom Harrington, Primo's Chief Executive Officer.
The actual timing, manner, number, and value of shares repurchased under the program will be determined by management at its discretion and will depend on a number of factors, including the market price of Primo's common shares, general market and economic conditions, applicable law and other requirements, and other business considerations, provided however that the price per common share will not exceed the market price as at the date of acquisition (plus reasonable brokerage fees and commissions) in accordance with applicable securities laws and exchange rules.
Primo also announced that its Board of Directors declared a dividend of US$0.07 per share on common shares, payable in cash on September 7, 2022 to shareowners of record at the close of business on August 24, 2022.
Primo Water Corporation is a leading pure-play water solutions provider in North America and Europe and generates approximately $2.1 billion in annual revenue. Primo operates largely under a recurring razor/razorblade revenue model. The razor in Primo's revenue model is its industry-leading line-up of sleek and innovative water dispensers, which are sold through retailers and online at various price points. The dispensers help increase household penetration which drives recurring purchases of Primo's razorblade offering. Primo's razorblade offering is comprised of Water Direct, Water Exchange, and Water Refill. Through its Water Direct business, Primo delivers sustainable hydration solutions across its 21-country footprint direct to the customer's door, whether at home or to businesses. Through its Water Exchange and Water Refill businesses, Primo offers pre-filled and reusable containers at approximately 14,000 locations, water dispenser sales at approximately 9,000 locations and water refill units at approximately 24,000 locations, respectively. Primo also offers water filtration units across its 21-country footprint.
Primo's water solutions expand consumer access to purified, spring, and mineral water to promote a healthier, more sustainable lifestyle while simultaneously reducing plastic waste and pollution. Primo is committed to its water stewardship standards and is proud to partner with the International Bottled Water Association (IBWA) in North America as well as with Watercoolers Europe (WE), which ensures strict adherence to safety, quality, sanitation and regulatory standards for the benefit of consumer protection.
Primo is headquartered in Tampa, Florida (USA). For more information, visit www.primowatercorp.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 conveying management's expectations as to the future based on plans, estimates and projections at the time Primo makes the statements. Forward-looking statements involve inherent risks and uncertainties and Primo cautions you that a number of important factors could cause actual results to differ materially from those contained in any such forward-looking statement. The forward-looking statements contained in this press release include, but are not limited to, statements related to the amount of shares that may be repurchased under the share repurchase program. The forward-looking statements are based on assumptions regarding management's current plans and estimates. Management believes these assumptions to be reasonable but there is no assurance that they will prove to be accurate.
Factors that could cause actual results to differ materially from those described in this press release include, among others: the impact of the spread of COVID-19, related government actions and Primo's strategy in response thereto on our business, financial condition and results of operations; Primo's ability to compete successfully in the markets in which it operates; fluctuations in commodity prices and Primo's ability to pass on increased costs to its customers or hedge against such rising costs, and the impact of those increased prices on its volumes; Primo's ability to maintain favorable arrangements and relationships with its suppliers; Primo's ability to manage its operations successfully; currency fluctuations that adversely affect the exchange between currencies including the U.S. dollar, the British pound sterling, the Euro and the Canadian dollar; the impact on Primo's financial results from uncertainty in the financial markets and other adverse changes in general economic conditions; any disruption to production at Primo's manufacturing facilities; Primo's ability to maintain access to its water sources; the impact of climate change on Primo's business; Primo's ability to protect its intellectual property; the seasonal nature of Primo's business and the effect of adverse weather conditions; the impact of national, regional and global events, including those of a political, economic, business and competitive nature; Primo's ability to fully realize the potential benefit of transactions or other strategic opportunities that it pursues; Primo's ability to realize cost synergies of its acquisitions due to integration difficulties and other challenges; Primo's exposure to intangible asset risk; Primo's ability to meet its obligations under its debt agreements, and risks of further increases to its indebtedness; Primo's ability to maintain compliance with the covenants and conditions under its debt agreements; fluctuations in interest rates, which could increase Primo's borrowing costs; Primo's ability to recruit, retain and integrate new management; Primo's ability to renew its collective bargaining agreements on satisfactory terms; compliance with product health and safety standards; liability for injury or illness caused by the consumption of contaminated products; liability and damage to Primo's reputation as a result of litigation or legal proceedings; changes in the legal and regulatory environment in which Primo operates; Primo's ability to adequately address the challenges and risks associated with its international operations and address difficulties in complying with laws and regulations including the U.S. Foreign Corrupt Practices Act and the U.K. Bribery Act of 2010; the impact on Primo's tax obligations and effective tax rate arising from changes in local tax laws or countries adopting more aggressive interpretations of tax laws; disruptions in Primo's information systems; Primo's ability to securely maintain its customers' confidential or credit card information, or other private data relating to Primo's employees or the Company; Primo's ability to maintain its quarterly dividend; or credit rating changes.
The foregoing list of factors is not exhaustive. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. Readers are urged to carefully review and consider the various disclosures, including but not limited to risk factors contained in Primo's Annual Report on Form 10-K and its quarterly reports on Form 10-Q, as well as other filings with the securities commissions. Primo does not undertake to update or revise any of these statements considering new information or future events, except as expressly required by applicable law.
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SOURCE Primo Water Corporation | https://www.ktre.com/prnewswire/2022/08/10/primo-water-corporation-announces-100-million-share-repurchase-program-declaration-quarterly-dividend/ | 2022-08-10T10:56:18Z | https://www.ktre.com/prnewswire/2022/08/10/primo-water-corporation-announces-100-million-share-repurchase-program-declaration-quarterly-dividend/ | true |
TAMPA, FL, Aug. 10, 2022 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"), a leading provider of sustainable drinking water solutions in North America and Europe, announced that its Board of Directors authorized a new $100 million share repurchase program and declared a quarterly dividend.
The Board of Directors authorized a new $100 million share repurchase program which commences on August 15, 2022 and expires on August 14, 2023. Under the program, the Company's common shares may be repurchased periodically in open market or privately negotiated transactions through the facilities of the NYSE.
"Primo's cash flow and balance sheet enable us to simultaneously return value to shareholders through regular quarterly dividends as well as an opportunistic share repurchase program of $100,000,000, while at the same time continuing to invest in internal and external opportunities that will further strengthen our operations and drive long-term growth. The Board of Directors and management team strongly believe that Primo's shares are an attractive investment opportunity and repurchasing stock is an important part of our capital allocation strategy," said Tom Harrington, Primo's Chief Executive Officer.
The actual timing, manner, number, and value of shares repurchased under the program will be determined by management at its discretion and will depend on a number of factors, including the market price of Primo's common shares, general market and economic conditions, applicable law and other requirements, and other business considerations, provided however that the price per common share will not exceed the market price as at the date of acquisition (plus reasonable brokerage fees and commissions) in accordance with applicable securities laws and exchange rules.
Primo also announced that its Board of Directors declared a dividend of US$0.07 per share on common shares, payable in cash on September 7, 2022 to shareowners of record at the close of business on August 24, 2022.
Primo Water Corporation is a leading pure-play water solutions provider in North America and Europe and generates approximately $2.1 billion in annual revenue. Primo operates largely under a recurring razor/razorblade revenue model. The razor in Primo's revenue model is its industry-leading line-up of sleek and innovative water dispensers, which are sold through retailers and online at various price points. The dispensers help increase household penetration which drives recurring purchases of Primo's razorblade offering. Primo's razorblade offering is comprised of Water Direct, Water Exchange, and Water Refill. Through its Water Direct business, Primo delivers sustainable hydration solutions across its 21-country footprint direct to the customer's door, whether at home or to businesses. Through its Water Exchange and Water Refill businesses, Primo offers pre-filled and reusable containers at approximately 14,000 locations, water dispenser sales at approximately 9,000 locations and water refill units at approximately 24,000 locations, respectively. Primo also offers water filtration units across its 21-country footprint.
Primo's water solutions expand consumer access to purified, spring, and mineral water to promote a healthier, more sustainable lifestyle while simultaneously reducing plastic waste and pollution. Primo is committed to its water stewardship standards and is proud to partner with the International Bottled Water Association (IBWA) in North America as well as with Watercoolers Europe (WE), which ensures strict adherence to safety, quality, sanitation and regulatory standards for the benefit of consumer protection.
Primo is headquartered in Tampa, Florida (USA). For more information, visit www.primowatercorp.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 conveying management's expectations as to the future based on plans, estimates and projections at the time Primo makes the statements. Forward-looking statements involve inherent risks and uncertainties and Primo cautions you that a number of important factors could cause actual results to differ materially from those contained in any such forward-looking statement. The forward-looking statements contained in this press release include, but are not limited to, statements related to the amount of shares that may be repurchased under the share repurchase program. The forward-looking statements are based on assumptions regarding management's current plans and estimates. Management believes these assumptions to be reasonable but there is no assurance that they will prove to be accurate.
Factors that could cause actual results to differ materially from those described in this press release include, among others: the impact of the spread of COVID-19, related government actions and Primo's strategy in response thereto on our business, financial condition and results of operations; Primo's ability to compete successfully in the markets in which it operates; fluctuations in commodity prices and Primo's ability to pass on increased costs to its customers or hedge against such rising costs, and the impact of those increased prices on its volumes; Primo's ability to maintain favorable arrangements and relationships with its suppliers; Primo's ability to manage its operations successfully; currency fluctuations that adversely affect the exchange between currencies including the U.S. dollar, the British pound sterling, the Euro and the Canadian dollar; the impact on Primo's financial results from uncertainty in the financial markets and other adverse changes in general economic conditions; any disruption to production at Primo's manufacturing facilities; Primo's ability to maintain access to its water sources; the impact of climate change on Primo's business; Primo's ability to protect its intellectual property; the seasonal nature of Primo's business and the effect of adverse weather conditions; the impact of national, regional and global events, including those of a political, economic, business and competitive nature; Primo's ability to fully realize the potential benefit of transactions or other strategic opportunities that it pursues; Primo's ability to realize cost synergies of its acquisitions due to integration difficulties and other challenges; Primo's exposure to intangible asset risk; Primo's ability to meet its obligations under its debt agreements, and risks of further increases to its indebtedness; Primo's ability to maintain compliance with the covenants and conditions under its debt agreements; fluctuations in interest rates, which could increase Primo's borrowing costs; Primo's ability to recruit, retain and integrate new management; Primo's ability to renew its collective bargaining agreements on satisfactory terms; compliance with product health and safety standards; liability for injury or illness caused by the consumption of contaminated products; liability and damage to Primo's reputation as a result of litigation or legal proceedings; changes in the legal and regulatory environment in which Primo operates; Primo's ability to adequately address the challenges and risks associated with its international operations and address difficulties in complying with laws and regulations including the U.S. Foreign Corrupt Practices Act and the U.K. Bribery Act of 2010; the impact on Primo's tax obligations and effective tax rate arising from changes in local tax laws or countries adopting more aggressive interpretations of tax laws; disruptions in Primo's information systems; Primo's ability to securely maintain its customers' confidential or credit card information, or other private data relating to Primo's employees or the Company; Primo's ability to maintain its quarterly dividend; or credit rating changes.
The foregoing list of factors is not exhaustive. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. Readers are urged to carefully review and consider the various disclosures, including but not limited to risk factors contained in Primo's Annual Report on Form 10-K and its quarterly reports on Form 10-Q, as well as other filings with the securities commissions. Primo does not undertake to update or revise any of these statements considering new information or future events, except as expressly required by applicable law.
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SOURCE Primo Water Corporation | https://www.mysuncoast.com/prnewswire/2022/08/10/primo-water-corporation-announces-100-million-share-repurchase-program-declaration-quarterly-dividend/ | 2022-08-10T10:57:09Z | https://www.mysuncoast.com/prnewswire/2022/08/10/primo-water-corporation-announces-100-million-share-repurchase-program-declaration-quarterly-dividend/ | false |
NPR's A Martinez talks to former New Mexico Gov. Bill Richardson, who has been assisting with talks for a U.S.-Russia prisoner swap that would bring two Americans, who've been held in Russia, home.
Copyright 2022 NPR
NPR's A Martinez talks to former New Mexico Gov. Bill Richardson, who has been assisting with talks for a U.S.-Russia prisoner swap that would bring two Americans, who've been held in Russia, home.
Copyright 2022 NPR | https://www.nprillinois.org/2022-08-10/negotiators-work-to-free-2-americans-believed-to-be-wrongfully-detained-in-russia | 2022-08-10T10:57:18Z | https://www.nprillinois.org/2022-08-10/negotiators-work-to-free-2-americans-believed-to-be-wrongfully-detained-in-russia | true |
MENLO PARK, Calif., Aug. 10, 2022 /PRNewswire/ - ActZero, a Gartner-recognized Managed Detection and Response (MDR) provider, today announced the addition of a Ransomware Readiness Assessment for small and medium-sized enterprises (SMEs). The program simulates a ransomware attack sequence, which can expose critical vulnerabilities and lateral pathways left open by existing tools. With this valuable visibility businesses can start reducing risk immediately.
Adversaries expect small businesses to lack proper ransomware defenses. With ActZero MDR, they can now prove them wrong.
Adversaries are turning up the pressure on their victims, demanding average ransoms nearing $1M, and these ransomware events are becoming more widespread. In response, cyber insurers are tightening the qualifying criteria and regulators strengthening compliance requirements, placing SMEs in further jeopardy.
Despite recent considerable investments of time and resources, SMEs' confidence in their cybersecurity posture remains low. Misguided efforts, including using single point protection products and dated threat intelligence to solve individual challenges simply doesn't scale. This may have even created a false sense of security preparedness. The Ransomware Readiness Assessment validates current vendor performance, demonstrating the gaps, and giving SMEs a clear picture of their security posture.
"Ransomware is constantly evolving and targeted to beat even the most popular prevention methods. Most cyber defense teams aren't aware how much ransomware techniques can evolve over a 24-hour period" said Chris Finan, President & Chief Operating Officer at ActZero. "Recent vulnerabilities like Follina and Log4J, show how quickly adversaries adapted their tactics to stay ahead of vendor mitigation guidance. Our assessments demonstrate how ActZero consistently and considerably outperforms its peers, protecting against the ransomware vulnerabilities they leave exposed."
Over the past few months of assessment activity, ActZero has discovered that, on average, its MDR service was able to detect and block a class-leading 89% of all common and recent ransomware events techniques and tactics, including emerging threats. Average dwell time figures were less than 17 minutes. Comparatively, its well-known legacy EDR, MDR and XDR industry peers detected and blocked an average of only 18%, 40%, and 54% respectively, with an average dwell time of 1 hour 38 minutes, enough time to cause considerable damage in an enterprise's ecosystem. ActZero continues to use learnings from completed assessments to introduce new detections in its effort to eliminate cyber threats.
The introduction of the Ransomware Readiness Assessment follows the company's announcement earlier this week regarding the launch of the Ransomware Task Force's Blueprint for Ransomware Defense, for which ActZero was a significant contributor. ActZero is positioned to help SMEs not only understand, plan for, and track implementation Safeguards, but complete the resilience effort through its MDR service.
Similar to penetration or vulnerability testing, ransomware simulations are an effective method of discovering weaknesses and closing the gaps before adversaries exploit them. SMEs looking to evaluate their current protections and begin the journey to improve their ransomware resilience are encouraged to REGISTER HERE for ActZero's complementary Ransomware Readiness Assessment.
For more information, please visit https://get.actzero.ai/complimentary-breach-assessment/
ActZero is a Gartner-recognized provider of Managed Detection and Response (MDR) services that offers 24/7 Ransomware Defense You Can Measure, providing threat protection for small and mid-size enterprises, empowering customers to improve their cybersecurity efforts without taxing existing budgets and resources. We combine our core AI and ML technologies and processes with human threat hunting and intelligence to detect and identify vulnerabilities, eliminating more threats in less time. We actively partner with our customers to drive security engineering, increase internal efficiencies and effectiveness and, ultimately, build a mature cybersecurity posture. Whether shoring up an existing security strategy, or building a primary line of defense, ActZero's client-first approach helps reduce the unique risks and gaps that could leave a business vulnerable to attack.
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SOURCE ActZero | https://www.valleynewslive.com/prnewswire/2022/08/10/actzero-announces-launch-class-leading-ransomware-readiness-assessment-eliminating-ransomware-protection-blindspots-businesses/ | 2022-08-10T10:58:04Z | https://www.valleynewslive.com/prnewswire/2022/08/10/actzero-announces-launch-class-leading-ransomware-readiness-assessment-eliminating-ransomware-protection-blindspots-businesses/ | false |
TAMPA, FL, Aug. 10, 2022 /PRNewswire/ - Primo Water Corporation (NYSE: PRMW) (TSX: PRMW) (the "Company" or "Primo"), a leading provider of sustainable drinking water solutions in North America and Europe, announced that its Board of Directors authorized a new $100 million share repurchase program and declared a quarterly dividend.
The Board of Directors authorized a new $100 million share repurchase program which commences on August 15, 2022 and expires on August 14, 2023. Under the program, the Company's common shares may be repurchased periodically in open market or privately negotiated transactions through the facilities of the NYSE.
"Primo's cash flow and balance sheet enable us to simultaneously return value to shareholders through regular quarterly dividends as well as an opportunistic share repurchase program of $100,000,000, while at the same time continuing to invest in internal and external opportunities that will further strengthen our operations and drive long-term growth. The Board of Directors and management team strongly believe that Primo's shares are an attractive investment opportunity and repurchasing stock is an important part of our capital allocation strategy," said Tom Harrington, Primo's Chief Executive Officer.
The actual timing, manner, number, and value of shares repurchased under the program will be determined by management at its discretion and will depend on a number of factors, including the market price of Primo's common shares, general market and economic conditions, applicable law and other requirements, and other business considerations, provided however that the price per common share will not exceed the market price as at the date of acquisition (plus reasonable brokerage fees and commissions) in accordance with applicable securities laws and exchange rules.
Primo also announced that its Board of Directors declared a dividend of US$0.07 per share on common shares, payable in cash on September 7, 2022 to shareowners of record at the close of business on August 24, 2022.
Primo Water Corporation is a leading pure-play water solutions provider in North America and Europe and generates approximately $2.1 billion in annual revenue. Primo operates largely under a recurring razor/razorblade revenue model. The razor in Primo's revenue model is its industry-leading line-up of sleek and innovative water dispensers, which are sold through retailers and online at various price points. The dispensers help increase household penetration which drives recurring purchases of Primo's razorblade offering. Primo's razorblade offering is comprised of Water Direct, Water Exchange, and Water Refill. Through its Water Direct business, Primo delivers sustainable hydration solutions across its 21-country footprint direct to the customer's door, whether at home or to businesses. Through its Water Exchange and Water Refill businesses, Primo offers pre-filled and reusable containers at approximately 14,000 locations, water dispenser sales at approximately 9,000 locations and water refill units at approximately 24,000 locations, respectively. Primo also offers water filtration units across its 21-country footprint.
Primo's water solutions expand consumer access to purified, spring, and mineral water to promote a healthier, more sustainable lifestyle while simultaneously reducing plastic waste and pollution. Primo is committed to its water stewardship standards and is proud to partner with the International Bottled Water Association (IBWA) in North America as well as with Watercoolers Europe (WE), which ensures strict adherence to safety, quality, sanitation and regulatory standards for the benefit of consumer protection.
Primo is headquartered in Tampa, Florida (USA). For more information, visit www.primowatercorp.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 conveying management's expectations as to the future based on plans, estimates and projections at the time Primo makes the statements. Forward-looking statements involve inherent risks and uncertainties and Primo cautions you that a number of important factors could cause actual results to differ materially from those contained in any such forward-looking statement. The forward-looking statements contained in this press release include, but are not limited to, statements related to the amount of shares that may be repurchased under the share repurchase program. The forward-looking statements are based on assumptions regarding management's current plans and estimates. Management believes these assumptions to be reasonable but there is no assurance that they will prove to be accurate.
Factors that could cause actual results to differ materially from those described in this press release include, among others: the impact of the spread of COVID-19, related government actions and Primo's strategy in response thereto on our business, financial condition and results of operations; Primo's ability to compete successfully in the markets in which it operates; fluctuations in commodity prices and Primo's ability to pass on increased costs to its customers or hedge against such rising costs, and the impact of those increased prices on its volumes; Primo's ability to maintain favorable arrangements and relationships with its suppliers; Primo's ability to manage its operations successfully; currency fluctuations that adversely affect the exchange between currencies including the U.S. dollar, the British pound sterling, the Euro and the Canadian dollar; the impact on Primo's financial results from uncertainty in the financial markets and other adverse changes in general economic conditions; any disruption to production at Primo's manufacturing facilities; Primo's ability to maintain access to its water sources; the impact of climate change on Primo's business; Primo's ability to protect its intellectual property; the seasonal nature of Primo's business and the effect of adverse weather conditions; the impact of national, regional and global events, including those of a political, economic, business and competitive nature; Primo's ability to fully realize the potential benefit of transactions or other strategic opportunities that it pursues; Primo's ability to realize cost synergies of its acquisitions due to integration difficulties and other challenges; Primo's exposure to intangible asset risk; Primo's ability to meet its obligations under its debt agreements, and risks of further increases to its indebtedness; Primo's ability to maintain compliance with the covenants and conditions under its debt agreements; fluctuations in interest rates, which could increase Primo's borrowing costs; Primo's ability to recruit, retain and integrate new management; Primo's ability to renew its collective bargaining agreements on satisfactory terms; compliance with product health and safety standards; liability for injury or illness caused by the consumption of contaminated products; liability and damage to Primo's reputation as a result of litigation or legal proceedings; changes in the legal and regulatory environment in which Primo operates; Primo's ability to adequately address the challenges and risks associated with its international operations and address difficulties in complying with laws and regulations including the U.S. Foreign Corrupt Practices Act and the U.K. Bribery Act of 2010; the impact on Primo's tax obligations and effective tax rate arising from changes in local tax laws or countries adopting more aggressive interpretations of tax laws; disruptions in Primo's information systems; Primo's ability to securely maintain its customers' confidential or credit card information, or other private data relating to Primo's employees or the Company; Primo's ability to maintain its quarterly dividend; or credit rating changes.
The foregoing list of factors is not exhaustive. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. Readers are urged to carefully review and consider the various disclosures, including but not limited to risk factors contained in Primo's Annual Report on Form 10-K and its quarterly reports on Form 10-Q, as well as other filings with the securities commissions. Primo does not undertake to update or revise any of these statements considering new information or future events, except as expressly required by applicable law.
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Elon Musk sells nearly $7 billion worth of Tesla shares
Issued on: Modified:
Washington (AFP) – Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings, amid a high-stakes legal battle with Twitter over a $44 billion buyout deal.
The Tesla boss sold some 7.9 million shares between August 5 and 9, according to filings published on the Securities and Exchange Commission's website on Tuesday.
"In the (hopefully unlikely) event that Twitter forces this deal to close and some equity partners don't come through, it is important to avoid an emergency sale of Tesla stock," Musk, the world's richest man, wrote on Twitter late Tuesday.
Twitter is locked in a legal battle with the mercurial Tesla boss over his effort to walk away from the April agreement to buy the company, and a judge has ordered that a trial will begin in October.
Musk has filed a countersuit, accusing Twitter of fraud and alleging the social media platform misled him about key aspects of its business before he agreed to a $44 billion buyout.
The move comes after Musk sold around $8.5 billion worth of shares in the electric carmaker in April as he was preparing to finance the Twitter deal. He tweeted at the time: "No further TSLA sales planned after today."
Tesla rose 3.4 percent to $879 before the start of regular trading Wednesday, while Twitter jumped 4.3 percent to $44.69, Bloomberg reported.
Musk has now sold about $32 billion worth of Tesla shares since November.
"He is cashing up for Twitter," Charu Chanana, a strategist at Saxo Capital Markets told Bloomberg News.
Chanana said she believed Musk may be attempting to take advantage of a Tesla share price rebound of about 35 percent since late May.
"The bear market rally has started to falter, and further repricing of Fed expectations could mean more pain for equities ahead, especially in tech."
Analysts say Musk may continue selling Tesla stock.
"Musk said at the Tesla shareholder meeting that any weakness in the share price was a buying opportunity, and then 24 hours later started selling stock himself," Jim Dixon, a senior equity sales trader at Mirabaud Securities, told Bloomberg News.
Dixon added that it was "very unlikely" that Musk was finished selling Tesla stock.
Tesla share prices have been tied to the fate of Musk's Twitter deal in recent weeks, first slumping over concerns that pursuing the deal could distract him and lead to unnecessary financial risk, and then rebounding when he said he wanted to abandon the takeover.
Musk's deal to buy Twitter included a provision that if it fell apart, the party breaking the agreement would pay a termination fee of $1 billion under certain circumstances.
At a net worth of $250 billion, Musk tops the Bloomberg Billionaires Index, although he has lost $20.1 billion since the start of the year, mainly due to the decline in Tesla's stock price.
-- Bloomberg News contributed to this story --
© 2022 AFP | https://www.rfi.fr/en/business-and-tech/20220810-elon-musk-sells-nearly-7-billion-worth-of-tesla-shares | 2022-08-10T10:58:30Z | https://www.rfi.fr/en/business-and-tech/20220810-elon-musk-sells-nearly-7-billion-worth-of-tesla-shares | true |
- Revenue of $320.3 million, up 49% year over year and 1% sequentially
- Retail revenue grew 3% sequentially across industry leading U.S. network of 168 dispensaries as of June 30, 2022
- GAAP gross margin of 57% and Adjusted EBITDA* margin of 35%
TALLAHASSEE, Fla., Aug. 10, 2022 /PRNewswire/ -- Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) ("Trulieve" or "the Company"), a leading and top-performing cannabis company in the U.S., today announced its results for the quarter ended June 30, 2022. Results are reported in U.S. dollars unless otherwise indicated.
Q2 2022 Financial Highlights*
- Revenue increased 49% year over year to $320.3 million from $215.1 million and 1% sequentially.
- Retail revenue increased 3% to $298.6 million and wholesale, licensing and other revenue declined by 22% sequentially to $21.7 million.
- Gross profit of $182.2 million and GAAP gross margin of 57% in the second quarter compared to gross profit of $178.2 million and GAAP gross margin of 56% in the first quarter of 2022.
- Net loss of $22.5 million, a sequential improvement of 30%. Adjusted net loss of $1.1 million* excludes $11.8 million of transaction, acquisition, integration, and other non-recurring charges primarily associated with the Harvest acquisition, a $5.2 million earnout payment for acquired cultivation in Arizona, $4.3 million in asset impairments associated with the closing of redundant cultivation facilities in Florida and a loss of $0.7 million due to the repurposing of a development stage production site in Arizona.
- Adjusted EBITDA grew 17% year over year to $111.0 million*, or 35% of revenue in the second quarter compared to Adjusted EBITDA of $105.5 million*, or 33% of revenue in the first quarter of 2022.
- Cash at quarter end of $181.4 million.
Q2 2022 Operational Highlights
- Opened 6 new dispensaries in Fort Myers and Zephyrhills, Florida; Framingham, Massachusetts; Coatesville, Pennsylvania; and Parkersburg and South Charleston, West Virginia. Relocated one dispensary in New Port Richey, Florida.
- Exited the second quarter with operations in 11 states, with 32% of our retail locations outside of the state of Florida.
- Produced over 10 million finished goods units in the second quarter, up 79% year over year.
- Received Notice of Award of Provisional Dispensary License for District Southeast-3 in Columbus, Ohio.
- Successfully launched Modern FlowerTM, MuseTM, Roll OneTM, and Sweet TalkTM branded products across markets including Arizona, Florida, Maryland, Pennsylvania and West Virginia.
- Hosted inaugural Analyst Day event featuring production facility tours including a new 750 thousand square foot automated cultivation facility and corporate presentation showcasing production, retail, branding and marketing, and data analytics capabilities.
- Expanded roll out and applications of Customer Data Platform for targeted marketing campaigns.
Recent Events
- Celebrated six year anniversary of first retail sale in Florida.
- Opened 7 new dispensaries in Phoenix, Arizona; Apopka, Coral Springs, Hollywood, and Kissimmee, Florida; and Hurricane and Morgantown, West Virginia.
- New Phoenix dispensary represented first branded Trulieve store in Arizona, kicking off statewide rebranding efforts to continue over the next year.
- Currently operate 175 retail dispensaries and over 4.0 million square feet of cultivation and processing capacity in the United States.
- Elected to discontinue wholesale operations in Nevada and are currently evaluating options to exit the market.
- Made an initial contribution to the Smart and Safe Florida campaign, which aims to legalize adult use marijuana in Florida through a ballot initiative in November 2024.
Management Commentary
"Our team delivered strong second quarter results with topline growth and margin improvement by staying focused on our plan," said Kim Rivers, Trulieve CEO. "During our mid-year strategic review, we identified proactive measures to address the rapidly evolving economic landscape."
Rivers continued, "We are committed to meeting customer needs, improving performance in core markets, managing cash wisely, and streamlining operations across the company. We strongly believe that taking firm and decisive action now will better position the organization to capitalize on numerous catalysts in the years ahead. Trulieve has the capital, discipline, and experience to navigate short term headwinds and emerge as a stronger company."
Financial Guidance
Factoring in strategic changes across our business, the impact of inflation on consumer spending, softness in wholesale markets, and the lack of visibility in the current macroeconomic environment, we are adjusting 2022 revenue guidance by 5% from the low end of our prior outlook to $1.25 billion to $1.3 billion. Accordingly, we anticipate Adjusted EBITDA will be in the range of $415 million to $450 million.
Financial Highlights
Conference Call
The Company will host a conference call and live audio webcast on August 10, 2022, at 8:30 A.M. Eastern time, to discuss its second quarter 2022 financial results.
Interested parties can join the conference call by dialing in as directed below. Please dial in 15 minutes prior to the call.
North American toll free: 1-888-317-6003 passcode: 6100603
International: 1-412-317-6061 passcode: 6100603
A live audio webcast of the conference call will be available at:
https://app.webinar.net/eNPDleGz6oj
A powerpoint presentation is available at
https://investors.trulieve.com/events-presentations
An archived replay of the webcast will be available at:
https://investors.trulieve.com/events-presentations
The Company's Form 10-Q for the quarter ended June 30, 2022, will be available on the SEC's website or at https://investors.trulieve.com/financial-information/quarterly-results. The Company's Management Discussion and Analysis for the period and the accompanying financial statements and notes will be available under the Company's profile on SEDAR and on its website at https://investors.trulieve.com/financial-information/quarterly-results. This news release is not in any way a substitute for reading those financial statements, including the notes to the financial statements.
Non-GAAP Financial Measures
In addition to our results determined in accordance with GAAP, we supplement our results with non-GAAP financial measures, including adjusted gross profit, adjusted net income, adjusted net income per diluted share, and adjusted cash flow from operations. Our management uses these non-GAAP financial measures in conjunction with GAAP financial measures to evaluate our operating results and financial performance. We believe these measures are useful to investors as they are widely used measures of performance and can facilitate comparison to other companies. These non-GAAP financial measures have limitations as analytical tools in that they do not reflect all of the amounts associated with our results of operations as determined in accordance with GAAP. Because of these limitations, these non-GAAP financial measures should be considered along with GAAP financial performance measures. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for, or superior to, financial information prepared and presented in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures. A reconciliation of the non-GAAP financial measures to such GAAP measures can be found below. These non-GAAP financial measures should be considered supplemental to, and not a substitute for, our reported financial results prepared in accordance with GAAP.
Reconciliation of Non-GAAP Adjusted Gross Profit
The following table presents a reconciliation of GAAP gross profit to non-GAAP adjusted gross profit, for each of the periods presented:
Reconciliation of Non-GAAP Adjusted Net Income
The following table presents a reconciliation of GAAP net income (loss) to non-GAAP adjusted net income, for each of the periods presented:
Reconciliation of Non-GAAP Adjusted Earnings Per Share
The following table presents a reconciliation of GAAP earnings (loss) per share to non-GAAP adjusted earnings per share, for each of the periods presented:
Reconciliation of Non-GAAP Adjusted EBITDA
The following table presents a reconciliation of GAAP net income (loss) to non-GAAP Adjusted EBITDA, for each of the periods presented:
Forward-Looking Statements
This news release includes forward-looking information and statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to the Company's expectations or forecasts of business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs and include statements regarding the Company's expected revenue and adjusted EBITDA for fiscal 2022, its plans for streamlining operations and navigating short term headwinds to emerge stronger, and potential expansion of the Company's operations. Words such as "expects", "continue", "will", "anticipates" and "intends" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on the Company's current projections and expectations about future events and financial trends that management believes might affect its financial condition, results of operations, business strategy and financial needs, and on certain assumptions and analysis made by the Company in light of the experience and perception of historical trends, current conditions and expected future developments and other factors management believes are appropriate. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein, including, without limitation, the risks discussed under the heading "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2021 and in our periodic reports subsequently filed with the United Sates Securities and Exchange Commission and in the Company's filings on SEDAR at www.sedar.com. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof and, except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward looking information and statements herein, whether as a result of new information, future events or results, or otherwise.
About Trulieve
Trulieve is an industry leading, vertically integrated cannabis company and multi-state operator in the U.S. operating in 11 states, with leading market positions in Arizona, Florida, and Pennsylvania. Trulieve is poised for accelerated growth and expansion, building scale in retail and distribution in new and existing markets through its hub strategy. By providing innovative, high-quality products across its brand portfolio, Trulieve delivers optimal customer experiences and increases access to cannabis, helping patients and customers to live without limits. Trulieve is listed on the CSE under the symbol TRUL and trades on the OTCQX market under the symbol TCNNF. For more information, please visit Trulieve.com.
Facebook: @Trulieve
Instagram: @Trulieve_
Twitter: @Trulieve
Investor Contact
Christine Hersey, Executive Director of Investor Relations
+1 (424) 202-0210
Christine.Hersey@Trulieve.com
Media Contact
Rob Kremer, Executive Director of Corporate Communications
+1 (404) 218-3077
Robert.Kremer@Trulieve.com
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SINGAPORE, Aug. 10, 2022 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), a leading manufacturer and distributor of engines for on- and off-road applications in China through its main operating subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), announced today its unaudited consolidated financial results for the 2022 first half-year ended June 30 ("1H"), 2022. The financial information presented herein for 1H 2022 and 1H 2021 is reported using International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board.
Financial Highlights for 1H 2022
- Revenue decreased by 32.2% to RMB 8.6 billion (US$ 1.3 billion) compared with RMB 12.6 billion in the same period last year;
- Gross profit was RMB 1.4 billion (US$ 202.7 million), an increase in gross margin to 15.9%, compared with RMB 1.6 billion and a gross margin of 12.9% in the same period last year;
- Operating profit was RMB 288.0 million (US$ 42.9 million) compared with RMB 499.8 million in the same period last year;
- Basic and diluted earnings per share were RMB 2.29 (US$ 0.34) compared with RMB 6.21 in the same period last year;
- Total number of engines sold decreased by 36.6% to 180,911 units compared with 285,342 units in the same period last year;
- Subsequent to the 1H 2022 period, cash dividends of US$0.40 per ordinary share were paid in July 2022.
Revenue was RMB 8.6 billion (US$ 1.3 billion) compared with RMB 12.6 billion in the same period last year.
According to data reported by the China Association of Automobile Manufacturers, total industry unit sales of commercial vehicles (excluding gasoline-powered and electric-powered vehicles) declined by 49.7% year-over-year with truck and bus unit sales down by 50.9% and 35.1%, respectively, in 1H 2022. The industry sales decline was primarily due to lower demand from a high base in 1H 2021, and pandemic-related lockdowns in various parts of the country which caused weaker commercial vehicle demand due to less logistical activities and infrastructure and construction projects.
Reflecting the above industry conditions, the total number of engines sold by GYMCL in 1H 2022 was 180,911 units, a 36.6% decrease compared with 285,342 units in same period last year. GYMCL reported a 56.8% decline in truck and bus engine sales and a 12.7% decline in off-road engines sales in 1H 2022.
Gross profit was RMB 1.4 billion (US$ 202.7 million), compared with RMB 1.6 billion in the same period last year. Gross margin increased to 15.9% as compared with 12.9% in the same period last year. The increase in gross margin was mainly attributable to improved margin in National VI engine sales and also to the increase in sales mix in the off-road segment in 1H 2022.
Other operating income was RMB 85.5 million (US$ 12.7 million) compared with RMB 111.7 million in 1H 2021. The decline was primarily due to lower interest income and higher foreign exchange losses compared with the same period last year.
Research and development ("R&D") expenses increased by 29.4% to RMB 408.5 million (US$ 60.9 million) compared with RMB 315.7 million in the same period last year. Higher R&D expenses in 1H 2022 were mainly due to an increase in experimental costs primarily for the engines used for marine and power generation applications. GYMCL continued to improve the performance and qualities of its engines in compliance with China's National VI and Tier-4 emission standards, and develop products for new energy vehicles. The total R&D expenditure including capitalized costs, was RMB 476.9 million (US$ 71.1 million) in 1H 2022 as compared to RMB 450.2 million in the same period last year, representing 5.6% of revenue compared with 3.6% in the same period last year.
Selling, general and administrative ("SG&A") expenses represented 8.7% of revenue for 1H 2022 compared with 7.3% in the same period last year. SG&A expenses decreased by 18.5% to RMB 749.6 million (US$ 111.7 million) from RMB 920.1 million in the same period last year. The decrease was mainly due to lower warranty and freight expenses, and reduced personnel costs compared with the same period last year.
Operating profit decreased by 42.4% to RMB 288.0 million (US$ 42.9 million) from RMB 499.8 million in the same period last year. The operating margin was 3.4% for 1H 2022 compared with 4.0% in the same period last year.
Finance costs decreased by 19.3% to RMB 55.2 million (US$ 8.2 million) from RMB 68.4 million due to lower bank loans and lower bills discounting rates compared with the same period last year.
The share of financial results of the joint ventures was a loss of RMB 30.9 million (US$ 4.6 million) for 1H 2022 compared with a profit of RMB 12.5 million in the same period last year. The loss was largely due to the loss in our joint venture with the heavy-duty truck producer, C&C Trucks.
Net profit attributable to equity holders of the Company was RMB 93.7 million (US$ 14.0 million) compared with RMB 253.7 million in the same period last year.
Basic and diluted earnings per share were RMB 2.29 (US$ 0.34) compared with RMB 6.21 in the same period last year.
Basic and diluted earnings per share for 1H 2022 and 1H 2021 were based on a weighted average of 40,858,290 shares.
Balance Sheet Highlights as at June 30, 2022
- Cash and bank balances were RMB 5.3 billion (US$ 783.5 million) compared with RMB 5.3 billion at the end of 2021;
- Trade and bills receivables were RMB 6.6 billion (US$ 982.6 million) compared with RMB 7.0 billion at the end of 2021;
- Inventories were RMB 4.0 billion (US$ 601.8 million) compared with RMB 5.2 billion at the end of 2021;
- Trade and bills payables were RMB 6.1 billion (US$ 904.9 million) compared with RMB 7.4 billion at the end of 2021;
- Short-term and long-term bank borrowings were RMB 2.0 billion (US$ 296.0 million) compared with RMB 2.2 billion at the end of 2021.
Mr. Weng Ming Hoh, President of China Yuchai, commented, "Our sales in the first half of 2022 reflected China's weak economic growth of 2.5% for the first half and 0.4% in the second quarter of 2022, respectively. We are working in a difficult environment with lower economic growth, COVID-19 related travel restrictions and weak commercial vehicle demand.
"Despite the slowdown, we remained profitable with an improved gross margin. Our continuing financial strength enabled us to distribute a cash dividend of US$0.40 per common share paid in July of 2022.
"We are getting ready with a portfolio of Tier-4 engines for their national implementation for off-road markets in late 2022."
Exchange Rate Information
The Company's functional currency is the U.S. dollar and its reporting currency is Renminbi. The translation of amounts from Renminbi to U.S. dollars is solely for the convenience of the reader. Translation of amounts from Renminbi to U.S. dollars has been made at the rate of RMB 6.7114 = US$1.00, the rate quoted by the People's Bank of China at the close of business on June 30, 2022. No representation is made that the Renminbi amounts could have been, or could be, converted into U.S. dollars at that rate or at any other certain rate on June 30, 2022 or at any other date.
Unaudited 2022 First Half-Year Conference Call
A conference call and audio webcast for the investment community has been scheduled for 8:00 A.M. Eastern Daylight Time on August 10, 2022. The call will be hosted by the President and Chief Financial Officer of China Yuchai, Mr. Weng Ming Hoh and Mr. Choon Sen Loo, respectively, who will present and discuss the financial results and business outlook of the Company followed with a Q&A session.
Analysts and institutional investors may participate in the conference call by registering at: https://register.vevent.com/register/BI7e8fd96be075437a82ae4672ba6b0a40 at least one hour before the call. A return email will be sent with instructions and numbers to join the call.
For all other interested parties, a simultaneous webcast can be accessed at the investor relations section of the Company's website located at http://www.cyilimited.com. Participants are requested to log into the webcast at least 10 minutes prior to the scheduled start time. The recorded webcast will be available on the website shortly after the earnings call.
About China Yuchai International
China Yuchai International Limited, through its subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), engages in the manufacture, assembly, and sale of a wide variety of light-, medium- and heavy-duty engines for trucks, buses, passenger vehicles, construction equipment, marine and agriculture applications in China. GYMCL also produces diesel power generators. The engines produced by GYMCL range from diesel to natural gas and hybrid engines. Through its regional sales offices and authorized customer service centers, GYMCL distributes its engines directly to auto OEMs and retailers and provides maintenance and retrofitting services throughout China. Founded in 1951, GYMCL has established a reputable brand name, strong research and development team and significant market share in China with high-quality products and reliable after-sales support. In 2021, GYMCL sold 456,791 engines and is recognized as a leading manufacturer and distributor of engines in China. For more information, please visit http://www.cyilimited.com.
Safe Harbor Statement:
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe", "expect", "anticipate", "project", "targets", "optimistic", "confident that", "continue to", "predict", "intend", "aim", "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements including, but not limited to, statements concerning China Yuchai's and the joint venture's operations, financial performance and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. China Yuchai cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political, economic and social conditions around the world and in China including those discussed in China Yuchai's Form 20-Fs under the headings "Risk Factors", "Results of Operations" and "Business Overview" and other reports filed with the Securities and Exchange Commission from time to time. Among others, if the COVID-19 pandemic is not effectively and timely controlled, our business operations and financial condition may be materially and adversely affected due to a deteriorating market for automotive sales, an economic slowdown in China and abroad, a potential weakening of the financial condition of our customers, or other factors that we cannot foresee. All forward-looking statements are applicable only as of the date it is made and China Yuchai specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future.
For more information:
Investor Relations
Kevin Theiss
Tel: +1-212-521-4050
Email: cyd@bluefocus.com
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SHANGHAI, Aug. 10, 2022 /PRNewswire/ -- This announcement is made by Noah Holdings Private Wealth and Asset Management Limited (the "Company", together with its subsidiaries and its consolidated affiliated entities, the "Group") pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).
The board (the "Board") of directors of the Company (the "Directors") is pleased to announce that the Board has approved and adopted the following dividend policy (the "Dividend Policy") on August 10, 2022, which aims to provide stable and sustainable returns to the shareholders of the Company (the "Shareholders"). The Dividend Policy has become effective from August 10, 2022.
PURPOSES
The Dividend Policy aims to set out the principles and guidelines that the Company intends to apply in relation to the declaration, payment or distribution of its profits as dividends to the Shareholders.
PRINCIPLES AND GUIDELINES
In considering the payment of dividends, there shall be a balance between retaining adequate reserves for the Group's future growth and rewarding the Shareholders.
Dividends to be distributed each year
(a) the financial results and financial condition of the Group;
(b) the expected working capital requirements, capital expenditure requirements and future expansion plans of the Group;
(c) retained earnings and distributable reserves of the Group;
(d) the level of the Group's debts to equity ratio and return on equity;
(e) general economic conditions, business cycle of the Group's business and other internal or external factors that may have an impact on the business or financial performance and position of the Group;
(f) any banking or other funding covenants by which the Company is bound from time to time; and
(g) any other factors that the Board may consider relevant.
Timing of dividend declaration and payments
The Board shall hold meetings considering the declaration and payment of dividends by the end of March each year and declare such dividend if so decided. The dividend will be subject to the Shareholders' approval at the annual general meeting of the Company no later than the end of June each year. Once approved, the dividends shall be declared by the Company and paid out to the Shareholders.
The dividend under the Dividend Policy proposed and/or declared by the Board for a financial year are deemed as final dividend. Any final dividend for a financial year will be subject to Shareholders' approval. The Company may declare and pay dividends by way of cash or by other means that the Board considers appropriate.
The Dividend Policy shall in no way constitute a legally binding commitment by the Company in respect of its future dividend and/or in no way obligate the Company to declare a dividend at any time or from time to time. There can be no assurance that dividends will be paid in any particular amount for any given year.
REVIEW OF THE DIVIDEND POLICY
The Board will review the Dividend Policy from time to time to ensure the effectiveness of the Dividend Policy, and reserves the right in its sole and absolute discretion to update, amend, modify and/or cancel the Dividend Policy at any time.
Shareholders and potential investors should exercise caution when dealing in the securities of the Company.
By Order of the Board
Noah Holdings Private Wealth and Asset Management Limited
Jingbo Wang
Chairwoman of the Board
Hong Kong, August [10], 2022
As at the date of this announcement, the Board comprises Ms. Jingbo Wang, the chairwoman of the Board, Mr. Zhe Yin and Ms. Chia-Yue Chang as executive directors; Mr. Neil Nanpeng Shen and Mr. Boquan He as non-executive directors; and Dr. Zhiwu Chen, Mr. Tze-Kaing Yang, Mr. Jinbo Yao and Ms. May Yihong Wu as independent directors.
ABOUT NOAH HOLDINGS LIMITED
Noah Holdings Limited (NYSE: NOAH and HKEX: 6686) is a leading and pioneer wealth management service provider in China offering comprehensive one-stop advisory services on global investment and asset allocation primarily for high net worth investors. Noah is a Cayman Islands holding company and carries on business in Hong Kong as Noah Holdings Private Wealth and Asset Management Limited. In the first quarter of 2022, Noah distributed RMB15.0 billion (US$2.4 billion) of investment products. Through Gopher Asset Management, Noah had assets under management of RMB156.1 billion (US$24.6 billion) as of March 31, 2022.
Noah's wealth management business primarily distributes private equity, public securities and insurance products denominated in RMB and other currencies. Noah delivers customized financial solutions to clients through a network of 1,281 relationship managers across 83 cities in mainland China, and serves the international investment needs of its clients through offices in Hong Kong, Taiwan, New York, Silicon Valley and Singapore. The Company's wealth management business had 415,082 registered clients as of March 31, 2022. Through Gopher Asset Management, Noah manages private equity, public securities, real estate, multi-strategy and other investments denominated in Renminbi and other currencies. Noah also provides other businesses.
For more information, please visit Noah at ir.noahgroup.com.
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SOURCE Noah Holdings Limited | https://www.wflx.com/prnewswire/2022/08/10/noah-holdings-private-wealth-asset-management-limited-announces-adoption-dividend-policy/ | 2022-08-10T11:00:27Z | https://www.wflx.com/prnewswire/2022/08/10/noah-holdings-private-wealth-asset-management-limited-announces-adoption-dividend-policy/ | false |
DES MOINES, Iowa, Aug. 10, 2022 /PRNewswire/ -- Regenexx®, a research-driven interventional orthobiologics network of physicians performing regenerative orthopedic procedures, has published its randomized controlled trial (RCT) mid-term results showing primary ACL healing without the need for invasive surgery. This was achieved through precise, image-guided injections of autologous bone marrow concentrate and platelets in patients failing conservative care. The goal of the study was to determine if anterior cruciate ligament (ACL) tears could be treated through injections and how that compares to exercise therapy. Key indicators such as pain and function levels were studied at various time points over 24 months.
The implications this trial has for ACL tear patients is ground-breaking. Dr. Chris Centeno, Regenexx's Chief Medical Officer, explains "having RCT data showing that we can help ACL tear patients avoid invasive surgery and retain their native ACL is a game changer." Typically, in ACL surgery the natural ligament is torn out and replaced with a new graft tendon taken from the patient or from a deceased donor. In addition to retaining the natural integrity of the knee, by preserving their native ACL through Regenexx's Perc-ACLR injection-based procedure, patients may reduce their risk for developing arthritis and decrease cartilage loss in the future. Further, avoiding surgery means less procedural risk, less down-time, and a quicker return to activity.
Versus exercise therapy, the mid-term results of high-dose bone marrow concentrate (BMC) and injections into the ACL showed significant and lasting improvement (when compared to baseline) in the key functional and pain indicators. Patients showed improved functionality as early as three months into the study and improved pain at month six. Both function and pain continued to improve through the entirety of the 24-month study. Comparatively, those patients randomized into the exercise therapy group showed no significant improvement in pain or function at any of the intervals over 24 months.
The full study can be found at: https://www.biologicortho.com/index.php/BiologicOrtho/article/view/24/20
Regenexx is a network of select physician experts, who pioneered the use of high concentrated PRP and bone marrow concentrate to treat common orthopedic conditions to help people avoid surgery using cells from their own body. Regenexx is the world leader in research published on the use of orthobiologics for orthopedic conditions, and created the field of interventional orthopedic protocols, the use of your body's natural healing abilities to repair orthopedic injuries non-surgically. In addition, Regenexx created a program for self-funded employers to help manage orthopedic costs by replacing many common elective orthopedic surgeries with precise image guided injections, reducing the cost of individual surgeries by up to 70%. Learn more about Regenexx and the Regenexx Corporate Program at www.regenexx.com and www.regenexxcorporate.com
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SOURCE Regenexx | https://www.valleynewslive.com/prnewswire/2022/08/10/regenexx-publishes-mid-term-results-its-randomized-controlled-trial-showing-its-perc-aclr-procedure-can-help-patients-avoid-surgical-acl-reconstruction/ | 2022-08-10T11:00:52Z | https://www.valleynewslive.com/prnewswire/2022/08/10/regenexx-publishes-mid-term-results-its-randomized-controlled-trial-showing-its-perc-aclr-procedure-can-help-patients-avoid-surgical-acl-reconstruction/ | false |
Delivers Record Quarterly Revenues and Strong Gross Margin for Q2
Improves 2022 Guidance, Adjusted EBITDA Breakeven Expected Exiting 2023
HOD HASHARON, Israel, Aug. 10, 2022 /PRNewswire/ -- Valens Semiconductor Ltd. (NYSE: VLN), a premier provider of high-speed connectivity solutions for the audio-video and automotive markets, today reported financial results for the second quarter ended June 30, 2022.
"In Q2 2022, Valens Semiconductor reported its highest ever quarterly revenues of $22.5 million, up 28.4% from Q2 2021, as we continued to meet the growing demand from customers in our audio-video and automotive markets," said Gideon Ben-Zvi, CEO of Valens Semiconductor. "In audio video, the main trends we are seeing are the transition to higher resolutions and growing demand for high bandwidth video connectivity and camera imaging extensions, as organizations aim to enhance and optimize content transmission. It is clear that our audio-video distribution technology will continue to play an important role in fields such as work, education, medical, government and others. In our automotive business, revenues from our VA6000 from Mercedes Benz cars continue to ramp. We made strides advancing our rear-view camera for trucks project with Stoneridge, who will incorporate our VA6000 chipsets into a safety connectivity solution. With a sizable number of potential automotive customers and partners looking to integrate our VA7000 chipsets to support Advanced Driver-Assistance Systems (ADAS) into their platforms, we believe that we are on track to attain design wins by mid-year 2023.
"Considering our better than anticipated first half of the year and visibility into the second half of 2022, we are increasing our full year revenues, gross margin and adjusted EBITDA guidance. Through our ongoing conversations with prospective customers and partners, we are learning more about their priorities, plans and timing for use of our current and next generation solutions. To match their roadmaps, we recently realigned and optimized our automotive R&D efforts for the next two years, which we believe will also contribute to us reaching adjusted EBITDA breakeven towards the end of 2023. Now more than ever, Valens Semiconductor is well-positioned to create long-term value for our stakeholders."
Key Financial and Business Highlights
- Record quarterly revenues of $22.5 million, up 28.4% from Q2 2021 and up 4.0% from Q1 2022
- Q2 2022 GAAP gross margin was 70.2% compared to 71.2% in Q2 2021 (non-GAAP gross margin was 71.0% compared to 71.1% in Q2 2021)
- Q2 2022 GAAP Net Loss was $(10.0) million, which included net financial expenses of $3.6 million, primarily from devaluation of Israeli-shekel related cash balance, compared to Net Loss of $(3.7) million in Q2 2021, and Adjusted EBITDA loss in the second quarter was $(4.5) million, compared to $(2.1) million in Q2 2021
- Strong balance sheet with working capital of $168.3 million, and $156.8 million in cash, cash equivalents and short-term deposits as of June 30, 2022
- Automotive:
- 2022 automotive revenues on track to double from 2021
- Continue to make progress with the evaluation of the company's MIPI A-PHY new VA7000 chipsets, as over 30 OEMs, Tier 1s and Tier 2s are evaluating this product for ADAS and surround view applications - Audio-video:
- Received substantial demand for VS3000, Valens Semiconductor's newest audio-video product family, from Tier 1 customers across many geographies
- Crestron Electronics announced full suite of more than 24 Professional Audio-Video (ProAV) products powered by the VS3000 for use by enterprises, in education and more. This adds to the multiple VS3000-based products already introduced by Crestron
- Interest in the company's technology in the medical space continues to grow. Introduced a connectivity solution with Würth Elektronik for medical imaging in unprecedented resolution that complies with the strict medical isolation specifications
Financial Outlook[1]
"Q2 2022 came in above the top end of our guidance, marking a strong first half for the year, and positioning us for a better than originally anticipated full year 2022," said Dror Heldenberg, CFO of Valens Semiconductor.
"For the third quarter of 2022, revenues are expected to range between $22.5 million and $22.8 million. Gross margin is expected to range between 65.4% and 66.1%, and Adjusted EBITDA loss is expected to be in the range of $(6.2) million to $(5.6) million.
"We are also raising our revenue, gross margin and Adjusted EBITDA guidance for the full year 2022. The company now expects revenues to range between $89.1 million and $89.8 million, up from the prior range of between $86.5 million and $88.0 million. Most of this increase is attributed to audio-video, while also essentially doubling the automotive revenue from the full year 2021. Gross margin is expected to range between 68.0% and 68.5%, up from the prior range of 66.0% and 67.3%. Adjusted EBITDA loss is expected to be in the range of $(25.7) million to $(24.3) million, substantially better than our previous guidance of $(37.2) million to $(35.5) million, due to the greater than expected revenues and improved gross margin. In addition, we expect to continue to see a benefit from a strong USD on our Israeli shekel-based expenses. Finally, we refined our automotive R&D focus for the next two years to products supporting sensor to ECU connectivity. This will allow us to slow the pace of hiring and reduce our investment in automotive R&D without impacting revenue opportunities or changing our longer-term technology roadmap.
"We are expecting to reach adjusted EBITDA breakeven by the end of next year, as the modest increase in 2023 R&D expenses from the lowered 2022 level will be offset by anticipated year-over-year revenue growth," concluded Heldenberg.
Adjusted EBITDA is a non-GAAP measure. See the tables below for additional information regarding this and other non-GAAP metrics used in this release.
Conference Call Information
Valens Semiconductor will host a conference call today, Wednesday, August 10, 2022, at 8:30 a.m. Eastern Time (ET) to discuss its second quarter 2022 financial results and business outlook. To access this call, dial (at least 10 minutes before the scheduled time) +1 (888) 642-5032 (U.S.), 0 (800) 917-5108 (UK), 03 918 0609 (Israel) or +972 3 918 0609 (all other locations).
A live webcast of the conference call will be available via the investor relations section of Valens Semiconductor's website at Valens - Financials - Quarterly Results. The live webcast can also be accessed by clicking here. A replay of the conference call will be available on Valens' website shortly after the call concludes.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding our anticipated future results, including financial results and contract wins, and future economic and market conditions. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Valens Semiconductor's ("Valens") management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Valens Semiconductor.
These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; failure to realize the anticipated benefits of the business combination; future global, regional or local economic and market conditions; the development, effects and enforcement of laws and regulations; Valens' ability to manage future growth; Valens' ability to develop new products and solutions, bring them to market in a timely manner, and make enhancements to them; the effects of competition on Valens' future business; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; the effects of health epidemics, such as the recent global COVID-19 pandemic, have had and could in the future have on Valens' revenue, its employees and results of operations; the cyclicality of the semiconductor industry; Valens' ability to adjust its supply chain volume due to changing market conditions or failure to estimate its customers' demand, including during any downturn in the automotive or audio-video markets; disruptions in relationships with any one of Valens' key customers; difficulty selling products if customers do not design Valens products into their product offerings; Valens' dependence on winning selection processes and ability to generate timely or sufficient net sales or margins from those wins; political conditions in Israel; and those factors discussed in Valens' annual report on Form 20-F filed with the SEC on March 2, 2022 under the heading "Risk Factors," and other documents of Valens filed, or to be filed, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Valens does not presently know or that Valens currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Valens' expectations, plans or forecasts of future events and views as of the date of this press release. Valens anticipates that subsequent events and developments may cause Valens' assessments to change. However, while Valens may elect to update these forward-looking statements at some point in the future, Valens specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Valens' assessment as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
About Valens Semiconductor
Valens Semiconductor pushes the boundaries of connectivity by enabling long-reach, high-speed video and data transmission for the Audio-Video and Automotive industries. Valens' HDBaseT® technology is the leading standard in the Audio-Video market with tens of millions of Valens' chipsets integrated into thousands of products in a wide range of applications. Valens Semiconductor's Automotive chipsets are deployed in systems manufactured by leading customers and are on the road in vehicles around the world. Valens is a key enabler of the evolution of ADAS and autonomous driving and its advanced technology is the basis for the new industry standard for high-speed in-vehicle connectivity. For more information, visit https://www.valens.com/.
1. Although we provide guidance for Adjusted EBITDA, we are not able to provide guidance for projected Net profit (loss), the most directly comparable GAAP measures. Certain elements of Net profit (loss), including share-based compensation expenses and warrant valuations, are not predictable due to the high variability and difficulty of making accurate forecasts. As a result, it is impractical for us to provide guidance on Net profit (loss) or to reconcile our Adjusted EBITDA guidance without unreasonable efforts. Consequently, no disclosure of projected Net profit (loss) is included. For the same reasons, we are unable to address the probable significance of the unavailable information.
2. Working Capital is calculated as Total Current Assets, less Total Current Liabilities, as of the last day of the period.
3. As of the last day of the period.
4. GAAP Gross Profit excluding share-based compensation and depreciation expenses, divided by revenue. For the three months ended June 30, 2022, and 2021, share-based compensation and depreciation expenses were $181 thousand and $(10) thousand respectively. For the six months ended June 30, 2022, and 2021, share-based compensation and depreciation expenses were $321 thousand and $47 thousand respectively.
5. Adjusted EBITDA is defined as Net profit (loss) before financial income (expense), net, income taxes, equity in earnings of investee and depreciation and amortization, further adjusted to exclude share-based compensation and change in fair value of Forfeiture Shares, which may vary from period-to-period. We caution investors that amounts presented in accordance with our definition of Adjusted EBITDA may not be comparable to similar measures disclosed by other issuers, because not all issuers calculate Adjusted EBITDA in the same manner. Adjusted EBITDA should not be considered as an alternative to Net loss or any other performance measures derived in accordance with GAAP or as an alternative to cash flows from operating activities as a measure of our liquidity. Please refer to the appendix at the end of this press release for a reconciliation to the most directly comparable measure in accordance with GAAP.
6. See reconciliation of GAAP to non-GAAP financial measures.
7. See note 6.
8. As of January 1, 2022, the company has implemented the FASB ASU No. 2016-02, Leases (ASC 842), on the recognition, measurement, presentation, and disclosure of leases.
9. As of June 30, 2022, includes $1,814 thousand of current maturities of operating leases liabilities (none as of December 31, 2021); see footnote 8.
10. See footnote 8.
11. The company calculates its non-GAAP Loss per Share as GAAP Net Loss adjusted to exclude the following: Stock based compensation, depreciation, and the change in fair value of Forfeiture Share (the change in fair value of Forfeiture Shares totaled at $1,538 thousand and $2,604 thousand for the second and first quarters of 2022, respectively) divided by the weighted average number of shares used in calculation of net loss per share.
Logo - https://mma.prnewswire.com/media/1517334/Valens_Logo.jpg
For more information, please contact:
Daphna Golden
VP Investor Relations
Valens Semiconductor Ltd.
investors@valens.com
Moriah Shilton
Financial Profiles, Inc.
valens@finprofiles.com
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SOURCE Valens Semiconductor | https://www.wistv.com/prnewswire/2022/08/10/valens-semiconductor-reports-second-quarter-2022-results/ | 2022-08-10T11:01:13Z | https://www.wistv.com/prnewswire/2022/08/10/valens-semiconductor-reports-second-quarter-2022-results/ | true |
CA Reno NV Zone Forecast for Tuesday, August 9, 2022
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434 FPUS55 KREV 101033
ZFPREV
Western Nevada-Eastern Sierra-Northeast California Zone Forecast
National Weather Service Reno NV
332 AM PDT Wed Aug 10 2022
This is an automatically generated product that provides averaged
values for large geographic areas and may not be representative
of a specific area. To get a more specific forecast for your area,
please visit www.nws.noaa.gov/wtf/udaf/area/?site=rev
CAZ072-NVZ002-110300-
Greater Lake Tahoe Area-
Including the cities of South Lake Tahoe, Tahoe City, Truckee,
Markleeville, Stateline, Glenbrook, and Incline Village
332 AM PDT Wed Aug 10 2022
.TODAY...Sunny. Highs 72 to 82. South winds 10 to 15 mph.
.TONIGHT...Clear. Lows 44 to 54. Southwest winds around 10 mph
with gusts up to 30 mph in the evening becoming light.
.THURSDAY...Sunny. Highs 74 to 84. Light winds becoming south
around 10 mph in the afternoon.
.THURSDAY NIGHT...Clear. Lows 44 to 54. Southwest winds 10 to
15 mph in the evening becoming light.
.FRIDAY...Sunny. Highs 75 to 85. Light winds becoming southwest
around 10 mph in the afternoon.
.FRIDAY NIGHT...Clear. Lows 43 to 53.
.SATURDAY THROUGH MONDAY...Clear. Highs 76 to 86. Lows 43 to 53.
.MONDAY NIGHT...Partly cloudy in the evening then clearing. Lows
43 to 53.
.TUESDAY...Partly cloudy. Slight chance of showers and
thunderstorms in the afternoon. Highs 76 to 86.
$$
CAZ070-NVZ005-110300-
Surprise Valley California-Northern Washoe County-
Including the cities of Cedarville, Eagleville, Fort Bidwell,
Empire, and Gerlach
332 AM PDT Wed Aug 10 2022
.TODAY...Partly cloudy in the morning then becoming sunny. Highs
82 to 92. Southeast winds 10 to 15 mph. Gusts up to 30 mph in the
afternoon.
.TONIGHT...Clear. Lows 53 to 63. West winds 10 to 15 mph. Gusts
up to 30 mph in the evening.
.THURSDAY...Sunny. Highs 88 to 93. Light winds becoming southwest
around 10 mph in the afternoon.
.THURSDAY NIGHT...Clear. Lows 54 to 64. West winds 10 to 15 mph.
.FRIDAY...Sunny. Highs 90 to 95. Light winds becoming southwest
around 10 mph in the afternoon.
.FRIDAY NIGHT...Clear. Lows 52 to 62.
.SATURDAY THROUGH MONDAY...Clear. Highs 87 to 97. Lows 54 to 64.
.MONDAY NIGHT...Partly cloudy in the evening then becoming clear.
Lows 58 to 68.
.TUESDAY...Sunny in the morning then becoming partly cloudy.
Highs 92 to 97.
$$
CAZ071-110300-
Lassen-Eastern Plumas-Eastern Sierra Counties-
Including the cities of Portola, Susanville, Westwood,
Sierraville, and Loyalton
332 AM PDT Wed Aug 10 2022
.TODAY...Sunny. Highs 80 to 90. South winds 10 to 15 mph. Gusts
up to 30 mph in the afternoon.
.TONIGHT...Clear. Lows 44 to 54. West winds 10 to 15 mph with
gusts up to 30 mph in the evening becoming light.
.THURSDAY...Sunny. Highs 82 to 92. Light winds becoming southwest
around 10 mph in the afternoon.
.THURSDAY NIGHT...Clear. Lows 45 to 55. West winds 10 to 15 mph
in the evening becoming light.
.FRIDAY...Sunny. Highs 82 to 92. Light winds becoming southwest
around 10 mph in the afternoon.
.FRIDAY NIGHT...Clear. Lows 45 to 55.
.SATURDAY THROUGH TUESDAY...Clear. Highs 85 to 95. Lows 50 to 60.
$$
CAZ073-110300-
Mono County-
Including the cities of Bridgeport, Coleville, Lee Vining,
and Mammoth Lakes
332 AM PDT Wed Aug 10 2022
.TODAY...Partly cloudy in the morning then clearing. Highs 75 to
85. South winds 10 to 15 mph.
.TONIGHT...Clear. Lows 43 to 53. Southwest winds 10 to 15 mph.
.THURSDAY...Sunny. Highs 78 to 88. Light winds becoming south
around 10 mph in the afternoon.
.THURSDAY NIGHT...Partly cloudy in the evening then clearing.
Lows 45 to 55. Southwest winds 10 to 15 mph.
.FRIDAY...Sunny. Highs 78 to 88. Light winds becoming south
around 10 mph in the afternoon.
.FRIDAY NIGHT...Clear. Lows 45 to 55.
.SATURDAY...Sunny. Highs 78 to 88.
.SATURDAY NIGHT...Partly cloudy. Lows 46 to 56.
.SUNDAY...Sunny. Highs 77 to 87.
.SUNDAY NIGHT...Partly cloudy. Lows 46 to 56.
.MONDAY THROUGH TUESDAY...Partly cloudy with a chance of showers
and thunderstorms. Highs 76 to 86. Lows 46 to 56.
$$
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Copyright 2022 AccuWeather | https://www.expressnews.com/weather/article/CA-Reno-NV-Zone-Forecast-17363796.php | 2022-08-10T11:01:40Z | https://www.expressnews.com/weather/article/CA-Reno-NV-Zone-Forecast-17363796.php | false |
NEW YORK, Aug. 10, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Molecular Partners AG.
Shareholders who purchased shares of MOLN 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/moln-lawsuit-molecular-partners-loss-submission-form/?id=30697&from=4
CLASS PERIOD: This lawsuit is on behalf of a class consisting of persons and entities that purchased or otherwise acquired: (a) Molecular Partners American Depositary Shares pursuant and/or traceable to certain documents issued in connection with the Company's initial public offering conducted on or about June 16, 2021; and/or (b) Molecular Partners securities between June 16, 2021, and April 26, 2022.
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 Company's product, ensovibep, was less effective at treating COVID-19 than defendants had led investors to believe; that (ii) accordingly, the the U.S. Food and Drug Administration ("FDA") was reasonably likely to require an additional Phase 3 study of ensovibep before granting the drug Emergency Use Authorization ("EUA"); (iii) waning global rates of COVID-19 significantly reduced the Company's chances of securing EUA for ensovibep; (iv) another of the Company's product candidates, MP0310, was less attractive to Molecular Partners' collaborator, Amgen, than defendants had led investors to believe; (v) accordingly, there was a significant likelihood that Amgen would return to global rights of MP0310 to Molecular Partners; (vi) as a result of all the foregoing, the clinical and commercial prospects of ensovibep and MP0310 were overstated; and (vii) as a result, documents issues in connection with the Company's initial public offer and defendants' public statements throughout the class period were materially false and/or misleading and failed to state information required to be stated therein.
DEADLINE: September 12, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/moln-lawsuit-molecular-partners-loss-submission-form/?id=30697&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of MOLN during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is September 12, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm | https://www.kold.com/prnewswire/2022/08/10/shareholder-alert-gross-law-firm-notifies-shareholders-molecular-partners-ag-class-action-lawsuit-lead-plaintiff-deadline-september-12-2022-nasdaq-moln/ | 2022-08-10T11:02:09Z | https://www.kold.com/prnewswire/2022/08/10/shareholder-alert-gross-law-firm-notifies-shareholders-molecular-partners-ag-class-action-lawsuit-lead-plaintiff-deadline-september-12-2022-nasdaq-moln/ | true |
New logo and branding amplify Veriff's commitment to rebuilding trust in the digital world
NEW YORK, Aug. 10, 2022 /PRNewswire/ -- Veriff, an industry leader in online identity verification, today announced a new brand identity, reflecting the company's next level of growth within the ever-evolving security and identity fraud landscape. Veriff's brand upgrade includes a new and refined logo, color palette, patterns, aligned illustration system and a new improved website that better communicates the company's global impact and presence.
Founded in 2015, Veriff's mission to rebuild trust online began when its CEO and co-founder Kaarel Kotkas experienced firsthand how easy it was to bypass online security checks. Committed to helping businesses of all sizes quickly, and accurately verify their customer's identity and fight fraud online, Veriff has since grown to a 550-person company that serves a global client base.
"The acceleration of digital transformation in businesses has created an urgency for additional measures for safety and trust for those interacting in online spaces," said Kotkas. "As we enter this next evolution of Veriff, we want our brand to reflect the differentiated experience we strive to provide businesses to keep their users safe online. Trust is the currency of the digital age and everyone deserves real safety, protection and transparency online."
Veriff's brand upgrade comes on the heels of several monumental corporate and product announcements. In addition to raising $100M in Series C financing this year, becoming Estonia's ninth-ever unicorn, Veriff rounded out its executive leadership bench with the recent appointment of Caroline Mogford as CMO. In addition, Veriff released a newly enhanced version of its Biometric Authentication solution. With this new tool, businesses can use artificial intelligence (AI)-powered technology to accelerate their user authentication process, utilizing facial biometrics to identify the user and activate their re-authentication preferences quickly. Together with these new updates, Veriff's refreshed brand identity reinforces its continued dedication to rebuilding trust in the digital age.
To learn more about Veriff and its brand enhancement, please visit www.veriff.com.
About Veriff
Veriff is an industry leader in online identity verification, helping businesses to build trust with their customers. Veriff's intelligent decision engine analyzes thousands of technological and behavioral variables in seconds, matching people to more than 10,200 government-issued IDs from over 190 countries. Founded in 2015, Veriff serves a global portfolio of organizations across financial services, crypto, gaming and mobility sectors. Veriff's latest $100 million C-round investment brings its total funding to $200 million and its valuation to $1.5 billion. The investors include Tiger Capital, Alkeon, IVP, Accel, Mosaic Ventures, Y Combinator, and others. With offices in the U.S., UK, Spain and Estonia, Veriff employs over 550 people from 60 different nationalities who are dedicated to helping businesses to build a more secure world. To learn more, visit www.veriff.com.
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Greek jobless rate eases slightly to 12.1% in June
ATHENS, Aug 10 (Reuters) - Greece's jobless rate dropped slightly in June to 12.1% from 12.5% the previous month, statistics service ELSTAT said.
After hitting a record high of 27.8% in September 2013, Greece's jobless rate has been falling, but it remains the highest in the euro zone.
Seasonally adjusted data released on Wednesday by ELSTAT showed 572,109 people were officially unemployed, with those under the age of 24 years still the hardest hit.
However, the jobless rate for people aged 15 to 24 dropped to 27.4% in June, from 31.71% in the same month in 2021.
Unemployment was worse among women than men, with the respective rates in June at 15.9% and 9.0%.
Greece's economy expanded in the January to March period at a faster pace compared with last year's fourth quarter, but its growth rate slowed on an annual basis. (Reporting by George Georgiopoulos; Editing by Alexander Smith) | https://www.dailymail.co.uk/wires/reuters/article-11098537/Greek-jobless-rate-eases-slightly-12-1-June.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-10T11:03:58Z | https://www.dailymail.co.uk/wires/reuters/article-11098537/Greek-jobless-rate-eases-slightly-12-1-June.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | true |
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Meet the jurors in the Whitmer kidnap retrial — most don't like the news
So far, the Gov. Gretchen Whitmer kidnapping retrial is shaping up like the last case, if jury selection is any indication.
A jury was seated in one day, just like last time, with the judge handling most of the questioning.
Most of the folks chosen don't like the news, or pay much attention to it.
And they said they know very little about the high-profile case involving the state's chief executive, militias and those groups' disdain for Whitmer's handling of the pandemic.
While several said they had heard about the case when it initially surfaced two years ago, they noted they have learned very little, if anything, about it since.
More:Will feds salvage Whitmer kidnap case? 'The key is jury selection,' experts say
More:2 Whitmer kidnap plot suspects found not guilty; mistrial declared for other 2
What we know about the second Whitmer kidnap jury
A diverse jury was picked this time, whereas the last jury was all white. The panel of 10 women and eight men includes two Black women and one Hispanic male.
Twelve jurors and six alternates were picked to decide the fates of Adam Fox and Barry Croft Jr., who are being retried on charges they orchestrated a plot to kidnap the governor out of anger over her handling of the pandemic. Their first trial in the case ended in a hung jury, with two other defendants acquitted. Two others pleaded guilty early on and will testify in the retrial.
Sixteen of the 18 jurors picked in this sensational case are:
- A chemist who said that he heard about the case in the past, and learned it was in the news again recently, but that "there’s more to the story than what you read."
- A woman who works from home as an IT solution architect and says her husband has the news on constantly. She said she has some impressions about the case but is willing to listen to the evidence and make an unbiased decision based on that. She said she has strong political views, but didn't disclose them and said she could set them aside and fairly decide the case.
- A female accountant who says she doesn't follow the news much.
- A male underwriter for an insurance company who sort of follows the news.
- A female interior designer who said she has no strong political views and tries not to listen to the news.
- A retiree who managed a trucking department and enjoys fishing.
- A Grand Rapids Community College student who also works at Menards as a forklift operator.
- A female factory worker who makes plates for bumpers on F-150 pickup trucks, but said she's a Chevy person. She doesn't listen to the news, heard about the kidnapping case when it first happened, but nothing since. "I have no political views," she said.
- A male freelance graphic designer and illustrator who said he heard of the Whitmer case, but only got "broad strokes." He said he can be fair.
- A woman who works as an office administrator, doesn't listen to the news, has a criminal justice degree and has heard about the case. "I respect both sides. I'm not biased," she said.
- A Grand Rapids woman who works at a gastronenterology office coordinating visits and referrals. She tries to avoid the news and said "I hate politics." After she cleared the dismissal process, she disclosed that she didn’t like guns or violence, which raised concerns for the defense. But it was too late to excuse her from the case as the defense had already agreed to keep her on. She is an alternate. “I am against guns,” the woman said as the selection process was drawing to a close, explaining that her mother’s husband had a psychotic breakdown and tried to kill her and her family. “I’m just against guns and violence.”
- A female retiree who used to work at a plating factory running a hoist. "I just kind of lay around. ... I read," she said. "I don't really have an opinion on the case. ... I don't really follow politics." She said that she has strong political views on some things not tied to the case, and that she can be fair.
- A Grand Haven man with no car or driver's license who said he would need a ride to trial. He said he rarely follows the news and knows little about the case, other than hearing about it when it first happened.
- A male mechanic who works with heavy equipment, including excavators. He follows mostly local news, enjoys hunting and trapping, owns a shotgun and a deer rifle.
- A woman who works as a nutritionist and doesn't really follow the news, but said that when she does she gets it from Facebook. She said she could be fair. The judge asked her whether she'd like to serve. She said yes.
- A stay-at-home mom who is preparing to go on a "glamping" trip with her two sons.
The jurors are identified only by number, and descriptions of the remaining two couldn't be discerned from notes.
'Only two things matter'
At the start of jury selection, Chief U.S. District Judge Robert Jonker told the prospective jurors that the case is "potentially more challenging and potentially more interesting" than other trials, given its high profile.
"The victim is our sitting governor. There has been publicity. There have been earlier proceedings," Jonker said, without disclosing that there was a previous trial that ended with no convictions.
Jonker stressed to the jury pool, however, that only two things matter:
"This is not a political forum. It's not whether you like Gov. Whitmer or don't like Gov. Whitmer. It’s not whether you think mask mandates was good policy or bad policy," Jonker said. "Here in court ... only two things matter: what the law is, and what the evidence is."
Mistrust in government
Mistrust in the government appeared to be a top priority during the jury selection process, based on Jonker's questions and comments.
He asked prospective jurors repeatedly about how they felt about the government, noting that the case is loaded with controversial issues: a sitting governor's response to the pandemic, mask mandates, lockdowns and an FBI investigation into an alleged plot to kidnap her.
During jury selection in the last trial, the judge asked prospective jurors whether they could set aside their political views or any preconceived ideas about the case. But he didn't focus as heavily on the topic of mistrust in the government as he did Tuesday, when multiple hands went up when asked whether they had reservations about being fair in this case due to mistrust of the government.
"I don't like politicians or politics. I don't personally trust them. ... I just don't particularly trust the government in general," said one woman, a hairdresser. "It's a very unpopular opinion to have to say out loud in federal court."
Jonker told her she wasn't alone.
"It may of course be one of the more popular opinions these days," Jonker said before asking the woman whether she believes "the government has a bigger hill to climb."
More:Prosecutor asserts Crumbleys' 'toxic' family life turned their son into a killer
More:Michigan inmate dying of cancer begs Gov. Whitmer for freedom after 46 years
"At this point in my life, I’m automatically distrusting, it’s always back there in my mind, I don’t trust authority," the woman said.
Jonker responded:
"It’s not an isolated opinion. A lot of people have a mistrust of government," Jonker said, before telling the jury pool the government is "entitled to a fair trial, just as the defendants are."
Who was dismissed from the jury?
The cosmetologist was bounced from the jury pool. So were the following:
- A woman who said she has multiple friends and family members who attended the Jan. 6 rally in Washington, D.C., but were not part of the Capitol breach. She said they had a right to be there to express their opinions.
- A woman who said she had family in the Elk Rapids area, the same city where Whitmer's vacation home is located. "I don't think I could be very fair," she said.
- A retired firefighter and self-described staunch conservative who said he has a strong bias against the defendants. "I hate to say that, but I feel if the case has gone this far and it makes it to court and they haven’t pled out, that they’re guilty. I’m sorry."
- A male security officer who said he reads the newspaper a lot, has read about the case, and would find it hard to set aside what he's read. "I don't think I'd be very fair at this point."
Staking out Whitmer's vacation home
Fox and Croft are being retried on kidnapping conspiracy and weapons of mass destruction charges. They are accused of, among other things, casing Whitmer's vacation house and building explosives that would be used in the kidnapping plan.
Prosecutors said the pair and others plotted to blow up a bridge near Whitmer's vacation house to slow down law enforcement.
According to trial testimony, Fox, while on his way to scope out Whitmer's cottage, stopped at a bridge near her house, got out, and took a photograph of the bridge that would be an explosive target. But the defense maintains that an undercover informant came up with the idea of surveilling Whitmer's home, planned the trip, found the address and convinced the others to make the trip. The defense also says it was the informant who suggested that Fox get out of the car and take a photo of the bridge.
The defense has long argued that the FBI tried to entrap the defendants in a kidnapping plot that was devised and run by FBI agents and informants looking to advance their careers.
The prosecution counters this is a case about violent extremists who wanted to do real harm to the governor because they disagreed with her decisions. And they didn't just talk about it, they have argued, but took steps to make it happen, like casing her house, buying night vision goggles, building a "shoot house" that looked like her cottage for snatch-n-grab exercises and forming encrypted chat rooms to hide their plan from law enforcement.
If convicted, both men face up to life in prison.
Praise for the judge
After court was adjourned, defense attorney Chris Gibbons said he was pleased with the jury that was empaneled, and that he would now shift his focus on convincing the jury of his long-standing claims: that the FBI orchestrated the kidnapping plot, and ran the whole show.
As for the juror who got on the panel after disclosing her dislike of guns, he said:
"It just is what it is," Gibbons told reporters after court was adjourned Tuesday.
"I think the judge did a nice job with voir dire today and he certainly did give us an opportunity to ask the questions we thought needed to be asked."
Opening statements are scheduled for Wednesday morning.
Contact Tresa Baldas: tbaldas@freepress.com | https://www.delawareonline.com/story/news/local/michigan/2022/08/10/jurors-whitmer-kidnap-retrial-covid-mask-mandate/10280847002/ | 2022-08-10T11:22:09Z | https://www.delawareonline.com/story/news/local/michigan/2022/08/10/jurors-whitmer-kidnap-retrial-covid-mask-mandate/10280847002/ | true |
TOKYO, Aug. 10, 2022 /PRNewswire/ --
- Despite some unfavorable factors such as a decrease in automobile unit sales due to the semiconductor supply shortage and the lockdown of Shanghai, and an increase in the cost of raw materials, consolidated operating profit for the fiscal first quarter ended June 30, 2022, amounted to 222.2 billion yen (a year-on-year decrease by 20.9 billion yen), securing operating profit margin equivalent to that of the same period last year. This was due primarily to the effect of changes in sales prices and costs, a reduction of incentives and favorable currency effects.
- Consolidated profit for the fiscal first quarter attributable to owners of the parent amounted to 149.2 billion yen (a year-on-year decrease by 73.2 billion yen), due primarily to a decrease in the share of profit of investments accounted for using the equity method in China.
- The previously announced forecast for consolidated operating profit for the current fiscal year (April 1, 2022 through March 31, 2023) was revised upward by 20 billion yen to 830 billion yen. The previously announced forecast for profit for the fiscal year attributable to owners of the parent remains the same, 710 billion yen.
- Honda will acquire its own shares, with the maximum acquisition amount of 100 billion yen, with the purposes including improving efficiency of its capital structure and implementing a flexible capital strategy.
I. Consolidated financial summary and business-by-business results for the fiscal first quarter (3 months) ended June 30, 2022
- Sales revenue: 3,829.5 billion yen (a year-on-year increase of 6.9%)
Although automobile sales decreased, consolidated sales revenue experienced a year-on-year increase due primarily to an increase in motorcycle sales and favorable currency effects. - Operating profit: 222.2 billion yen (a year-on-year decrease of 8.6%)
- Profit for the period attributable to owners of the parent: 149.2 billion yen (a year-on-year decrease of 32.9%)
1) Motorcycle business
Sales revenue: 676.0 billion yen (a year-on-year increase of 30.5%)
Increase due primarily to a sales increase in Asia and favorable currency effects.
Operating profit: 97.8 billion yen (a year-on-year increase of 21.2%)
Increase due primarily to an increase in profit related to changes in sales prices and costs and favorable currency effects.
2) Automobile business
Sales revenue: 2,328.1 billion yen (a year-on-year increase of 3.4%)
Although sales decreased mainly in North America, sales revenue experienced a year-on-year increase due primarily to favorable currency effects.
Operating profit: 38.2 billion yen (a year-on-year decrease of 45.9%)
Decrease due primarily to a decrease in profit attributable to sales impacts.
Combined with operating profit from financial services business related to automobile sales, the estimated operating profit for automobile business is 113.9 billion yen.
3) Financial Services business
Operating profit: 78.8 billion yen (a year-on-year decrease of 14.5%)
Decrease due primarily to a decrease in profit due to lower revenue.
4) Power Product and Other businesses
Operating profit: 7.3 billion yen (a year-on-year increase of 7.7 billion yen)
Aircraft/aircraft engine business, which is included in "Other businesses," accounted for an operating loss of 3.8 billion yen.
II. Forecasts for the Fiscal Year Ending March 31, 2023 (FY23)
- Sales revenue: 16,750 billion yen
(upward revision of the previously announced forecast by 500 billion yen)
- Operating profit: 830 billion yen
(upward revision of the previously announced forecast by 20 billion yen)
- Profit for the fiscal year attributable to owners of the parent: 710 billion yen
(no change from the previously announced forecast)
III. Acquisition of the Company's Own Shares
For the purpose of improving efficiency of its capital structure and implementing a flexible capital strategy, among others, Honda resolved the following details regarding the acquisition of its own shares at the Board of Directors meeting held today.
Consolidated Financial Results for the Fiscal 1st Quarter ended June 30, 2022
Forecasts for the Fiscal Year Ending March 31, 2023 (FY23)
For Additional Information, please visit;
https://global.honda/investors/library/financialresult.html
SOURCE: Honda Motor Co., Ltd
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Life Time Reports Second Quarter Fiscal 2022 Financial Results
Published: Aug. 10, 2022 at 5:45 AM CDT|Updated: 39 minutes ago
CHANHASSEN, Minn., Aug. 10, 2022 /PRNewswire/ -- Life Time Group Holdings, Inc. ("Life Time," "we," "our," "us," or the "Company") (NYSE: LTH) today announced its financial results for the fiscal second quarter ended June 30, 2022.
Bahram Akradi, Founder, Chairman and CEO, stated: "We are happy to report that Life Time is growing back steadily. During the quarter, we made substantial progress on our strategic priorities. We delivered on our financial guidance, while continuing to make strategic investments in broadening and elevating the programs and experiences we provide. We are seeing strong member engagement in our programming and will remain focused on driving these initiatives through the remainder of the year. Our new athletic country club pipeline remains strong with 12 planned openings this year and 11 or more in 2023. To further strengthen our balance sheet, we have entered into a definitive agreement for the sale-leaseback of approximately $200 million of owned real estate, which is expected to close in early October. We are also in discussions for additional sale-leaseback transactions of up to $300 million in gross proceeds by the end of the year. Finally, while we are seeing current macroeconomic headwinds that may slow our near-term recovery, we remain confident in the growth of our business as we accelerate the rollout of our strategic initiatives."
Second Quarter 2022 Results and Prior Year Comparisons
Total revenue increased 42.7% to $461.3 million from $323.2 million.
Comparable center sales increased 36.2%.
Center memberships totaled 724,778 on June 30, 2022, an increase of 10.2% from 657,737 on June 30, 2021, and up by 50,795 from March 31, 2022.
Net loss was $2.3 million and included a tax-effected one-time net benefit of $5.4 million, which included a $7.7 million gain on sale-leasebacks, partially offset by $2.2 million in non-cash share-based compensation expense.
Adjusted EBITDA increased to $63.1 million from $4.2 million.
Six-Month 2022 Results and Prior Year Comparisons
Total revenue increased 49.1% to $853.5 million from $572.5 million.
Comparable center sales increased 42.4%.
Net loss was $40.3 million and included a tax-effected one-time net benefit of $18.4 million, which included a $42.4 million gain on sale-leasebacks, partially offset by $23.4 million in non-cash share-based compensation expense and $0.6 million in non-recurring charges consisting primarily of COVID-19-related expenses.
Adjusted EBITDA increased to $103.7 million from $(14.8) million.
New Center Openings
The Company operated 153 centers as of June 30, 2022.
Year-to-date, the Company has opened two centers, including one in Frisco, Texas, and a second in Chicago.
The Company plans to open four new centers in the third quarter and six during the fourth quarter, for a total of 12 new centers in 2022.
The Company plans to open 11 or more new centers in 2023.
Cash Flow Highlights
As of June 30, 2022, the Company had total cash and cash equivalents of $61.3 million and $30.0 million in borrowings under its $475 million revolving credit facility.
Net cash provided by operating activities for the three-month and six-month periods ended June 30, 2022, was $71.3 million and $80.3 million, respectively, compared to $25.1 million and $(13.0) million in the same prior-year periods, respectively.
Free cash flow before growth capital expenditures for the three-month and six-month periods ended June 30, 2022, was $32.4 million and $(1.9) million, respectively, compared to $(6.9) million and $(60.8) million in the same prior-year periods, respectively.
Sale-Leasebacks
During the second quarter, the Company completed sale-leaseback transactions on two properties for gross proceeds of approximately $95 million, bringing the year-to-date sale-leaseback transaction total to $175 million.
In August 2022, the Company entered into a definitive agreement for the sale-leaseback of five properties for gross proceeds of approximately $200 million. The transaction is expected to close in early October.
Additionally, the Company is in discussions for sale-leaseback transactions of additional properties for gross proceeds of up to $300 million by the end of the year.
Once closed, these transactions would bring the total gross proceeds for sale-leasebacks in 2022 to $675 million. The Company expects to use the net proceeds both to pay down debt and maintain cash on the balance sheet to fund future growth.
Assuming the successful closure of these sale-leaseback transactions on the timeline outlined above, full-year rent expense is expected to be $245 to $255 million.
Outlook
For the third quarter ending September 30, 2022, the Company is projecting revenue, net loss, and Adjusted EBITDA to be in the ranges of $490 to $510 million, $(24) to $(15) million, and $65 to $75 million, respectively. For the full year ending December 31, 2022, the Company is projecting revenue, net loss, and Adjusted EBITDA to be in the ranges of $1.80 to $1.85 billion, $(73.6) to $(55.6) million, and $250 to $270 million, respectively.
Conference Call Details
A conference call to discuss the Company's second quarter financial results is scheduled for today, August 10, 2022, at 8:30 a.m. Eastern Time. Investors and analysts interested in participating in the call are invited to dial 877-451-6152 (international callers should dial 1-201-389-0879) approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at https://ir.lifetime.life/. A recorded replay of the conference call will be available after the conclusion of the call and will be available for a period of time online at https://ir.lifetime.life/.
About Life Time®
Life Time (NYSE: LTH) empowers people to live healthy, happy lives through its portfolio of nearly 160 athletic country clubs across the United States and Canada. The Company's healthy way of life communities address all aspects of healthy living, healthy aging and healthy entertainment for those 90 days to 90+ years with integrity and respect for everyone. With a team of more than 30,000, Life Time is committed to providing the best programs and experiences through its athletic country clubs, iconic athletic events and via a complementary and comprehensive digital platform.
Use of Non-GAAP Financial Measures and Key Performance Indicators
This press release includes certain financial measures that are not presented in accordance with the generally accepted accounting principles in the United States ("GAAP"), including Adjusted EBITDA and free cash flow before growth capital expenditures. These non-GAAP financial measures are not based on any comprehensive set of accounting rules or principles and should be considered in addition to, and not as a substitute for or superior to, net loss as a measure of financial performance or any other performance measure derived in accordance with GAAP, and should not be construed as an inference that the Company's future results will be unaffected by unusual or non-recurring items. In addition, these non-GAAP financial measures should be read in conjunction with the Company's financial statements prepared in accordance with GAAP. The reconciliations of the Company's non-GAAP financial measures to the corresponding GAAP measures should be carefully evaluated.
Adjusted EBITDA is defined as net income (loss) before interest expense, net, provision for (benefit from) income taxes and depreciation and amortization, excluding the impact of share-based compensation expense, (gain) loss on sale-leaseback transactions, capital transaction costs, legal settlements, asset impairment, severance and other items that are not indicative of the Company's ongoing operations, including incremental costs related to COVID-19. Free cash flow before growth capital expenditures is defined as net cash provided by (used in) operating activities less center maintenance capital expenditures and corporate capital expenditures.
The Company presents these non-GAAP financial measures because management believes that these measures assist investors and analysts in comparing the Company's operating performance across reporting periods on a consistent basis by excluding items that management does not believe are indicative of the Company's ongoing operating performance. Investors are encouraged to evaluate these adjustments and the reasons the Company considers them appropriate for supplemental analysis. In evaluating the non-GAAP financial measures, investors should be aware that, in the future, the Company may incur expenses that are the same as or similar to some of the adjustments in the Company's presentation of its non-GAAP financial measures. There can be no assurance that the Company will not modify the presentation of non-GAAP financial measures in future periods, and any such modification may be material. In addition, the Company's non-GAAP financial measures may not be comparable to similarly titled measures used by other companies in the Company's industry or across different industries.
The non-GAAP financial measures have limitations as analytical tools, and investors should not consider these measures in isolation or as substitutes for analysis of the Company's results as reported under GAAP.
The Company includes a center, for comparable center sales purposes, beginning on the first day of the 13th full calendar month of the center's operation, in order to assess the center's growth rate after one year of operation.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of federal securities regulations. Forward-looking statements in this press release include, but are not limited to, the Company's plans, strategies and prospects, both business and financial, including its financial outlook for the third quarter and fiscal year 2022, opportunities for growth, consumer demand, industry and economic trends, expected number of new center openings and successful signings and closings of sale-leaseback transactions (including the amount, pricing and timing thereof). These statements are based on the beliefs and assumptions of the Company's management. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Generally, statements that are not historical facts, including statements concerning the Company's possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking.
Factors that could cause actual results to differ materially from those forward-looking statements included in this press release include, but are not limited to, risks relating to our business operations and competitive and economic environment, risks relating to our brand, risks relating to the growth of our business, risks relating to our technological operations, risks relating to our capital structure, risks relating to our human capital, risks relating to legal compliance and risk management, risks relating to our financial performance and risks relating to ownership of our common stock and the other important factors discussed under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, filed with the Securities and Exchange Commission (the "SEC") on March 10, 2022 (File No. 001-40887), as such factors may be updated from time to time in the Company's other filings with the SEC, which are accessible on the SEC's website at www.sec.gov.
These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement that the Company makes in this press release speaks only as of the date of such statement. Except as required by law, the Company does not have any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.
Non-GAAP Measurements and Key Performance Indicators
See "Use of Non-GAAP Financial Measures and Key Performance Indicators" for a discussion of the Non-GAAP financial measures reconciled below.
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.wbay.com/prnewswire/2022/08/10/life-time-reports-second-quarter-fiscal-2022-financial-results/ | 2022-08-10T11:24:04Z | https://www.wbay.com/prnewswire/2022/08/10/life-time-reports-second-quarter-fiscal-2022-financial-results/ | true |
Financial release accessible online
BOSTON, Aug. 10, 2022 /PRNewswire/ -- Haemonetics Corporation (NYSE: HAE) announced that financial results for its first quarter fiscal 2023, which ended July 2, 2022, are available on its Investor Relations website.
The Company will host a conference call and webcast with investors and analysts to discuss and answer questions about the results at 8:00 a.m. EDT on August 10, 2022. The conference call and webcast can be accessed with the following information:
- Teleconference link: https://register.vevent.com/register/BI722ba0e696e749e6b514af4c2a3d3cc1
- Once registration is completed, participants will receive a dial-in number along with a personalized PIN to access the call. While not required, it is recommended that participants join 10 minutes prior to the event start.
- A live webcast of the call can be accessed on Haemonetics' investor relations website or via the following link: https://edge.media-server.com/mmc/p/dc896g7s
In addition, the Company has posted to its Investor Relations website the earnings release and analytical tables and supplemental information that will be referenced on its conference call and webcast, direct links to which are available below.
Direct link to 1Q FY23 Earnings Release:
https://haemonetics.gcs-web.com/static-files/28d85dc8-1d09-4355-937b-0cc17f6d51a5
Direct link to 1Q FY23 Analytical Tables and Supplemental Information:
https://haemonetics.gcs-web.com/static-files/4abb751e-3eb6-41a8-a06b-b3c48ba9d5c9
A replay of the conference call and webcast will be available for one year beginning on August 10, 2022, at 11:00 a.m. EDT using the conference call webcast link provided in this press release.
ABOUT HAEMONETICS
Haemonetics (NYSE: HAE) is a global healthcare company dedicated to providing a suite of innovative medical products and solutions for customers, to help them improve patient care and reduce the cost of healthcare. Our technology addresses important medical markets: blood and plasma component collection, the surgical suite and hospital transfusion services. To learn more about Haemonetics, visit www.haemonetics.com.
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SOURCE Haemonetics Corporation | https://www.wbtv.com/prnewswire/2022/08/10/haemonetics-1st-quarter-fiscal-year-2023-earnings-release-available-investor-relations-website/ | 2022-08-10T11:24:08Z | https://www.wbtv.com/prnewswire/2022/08/10/haemonetics-1st-quarter-fiscal-year-2023-earnings-release-available-investor-relations-website/ | false |
NEW YORK, Aug. 10, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Carvana Co..
Shareholders who purchased shares of CVNA 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: May 6, 2020 to June 24, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Carvana faced serious, ongoing issues with documentation, registration, and title with many of its vehicles; (2) as a result, Carvana was issuing unusually frequent temporary plates; (3) as a result of the foregoing, Carvana was violating laws and regulations in many existing markets; (4) as a result of the foregoing, Carvana risked its ability to continue business and/or expand its business in existing markets; (5) as a result of the foregoing, Carvana was at an increased risk of governmental investigation and action; (6) Carvana was in discussion with state and local authorities regarding the above-stated business tactics and issues; (7) Carvana was facing imminent and ongoing regulatory actions including license suspensions, business cessation, and probation in several states and counties including in Arizona, Illinois, Pennsylvania, Michigan, and North Carolina; and (8) as a result, Defendants' statements about Carvana's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
DEADLINE: October 3, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/carvana-co-loss-submission-form/?id=30702&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of CVNA 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 October 3, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm | https://www.wbtv.com/prnewswire/2022/08/10/shareholder-alert-gross-law-firm-notifies-shareholders-carvana-co-class-action-lawsuit-lead-plaintiff-deadline-october-3-2022-nyse-cvna/ | 2022-08-10T11:26:17Z | https://www.wbtv.com/prnewswire/2022/08/10/shareholder-alert-gross-law-firm-notifies-shareholders-carvana-co-class-action-lawsuit-lead-plaintiff-deadline-october-3-2022-nyse-cvna/ | true |
WASHINGTON, Aug. 10, 2022 /PRNewswire/ -- "Cosmetics and personal care products companies provide innovative sunscreen products to help protect consumers from the harmful effects of the sun's ultraviolet (UV) rays. The Personal Care Products Council (PCPC) and our member companies welcome the National Academy of Sciences (NAS) thorough and comprehensive review of the state of the science, released today, on the use of currently marketed sunscreen ingredients, their environmental impact on aquatic environments, and the potential public health implications associated with changes in sunscreen use.
"An ad hoc committee of the NAS calls upon the U.S. Environmental Protection Agency (EPA) to conduct an environmental risk assessment (ERA) of sunscreen UV filters to characterize possible risks to aquatic ecosystems and the species that live within them, including coral. The report identified information gaps and research priorities necessary to inform a tiered approach to the ERA.
"The key conclusions confirm PCPC's long-held position that there is currently insufficient relevant and reliable scientific data to conduct realistic ERAs and there is not enough scientific data to support sunscreen ingredient bans. Policymakers, regulators and legislators should not make any decisions that impact consumers' access to FDA-approved sunscreen UV filters until the scientific community reaches an informed consensus.
"Sunscreen use is a critical and well-recognized tool in the fight against skin cancer and premature skin aging. Despite some recognized knowledge gaps, NAS acknowledges that if consumers reduced their use of currently marketed sunscreens because of regulatory restrictions or perceived environmental risks, there could be significant potential adverse public health impacts of increased UV-induced skin cancers. Medical experts and regulatory authorities worldwide agree that sunscreens play a critical role in a safe-sun regimen and nothing in the report changes that recommendation.
"The NAS report makes clear the environmental and public health data gaps are complex and will require close cooperation among governmental agencies, sunscreen manufacturers and UV filter manufacturers to conduct the needed research. As a science-driven industry, we have been and continue to be committed to advancing robust and reliable research to address these data gaps in both environmental and public health research.
"Our industry's research aims to develop UV sunscreen environmental monitoring data, a validated standardized toxicity testing model for coral and a multi-tiered ERA model for sunscreen UV filters that realistically reflects what occurs in nature.
"PCPC member companies remain firmly committed to providing consumers with access to a wide variety of safe, effective and innovative sunscreens. Together, we hope sunscreens will remain as much of a public health habit as wearing your seatbelt."
For more information on cosmetics and personal care products and their ingredients, please visit www.CosmeticsInfo.org.
Founded in 1894, the Personal Care Products Council (PCPC) is the voice and advocate for 600 member companies representing the $484.1 billion global cosmetics and personal care products industry. PCPC's members represent approximately 90% of the U.S. beauty industry and are some of the most beloved and trusted brands in beauty and personal care today. As the manufacturers, distributors and suppliers of a diverse range of products millions of consumers rely on every day – from sunscreens, toothpaste and shampoo to moisturizer, makeup and fragrance – PCPC's member companies are global leaders committed to product safety, quality and innovation.
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SOURCE Personal Care Products Council | https://www.wbay.com/prnewswire/2022/08/10/statement-by-personal-care-products-council-response-national-academy-sciences-report-review-fate-exposure-effects-sunscreens-aquatic-environments-implications-sunscreen-usage-human-health/ | 2022-08-10T11:27:31Z | https://www.wbay.com/prnewswire/2022/08/10/statement-by-personal-care-products-council-response-national-academy-sciences-report-review-fate-exposure-effects-sunscreens-aquatic-environments-implications-sunscreen-usage-human-health/ | true |
RICHMOND, Va., Aug. 10, 2022 /PRNewswire/ -- 37th Parallel Properties ("37th Parallel"), a Richmond, VA-based multifamily real estate investment firm, is pleased to announce the recent acquisition of The Heights of Cityview, a 344-unit, 1998-built multifamily asset located in Fort Worth, Texas on behalf of their investors and joint venture partners. This marks the firm's seventh (7) acquisition in the Dallas-Fort Worth metro and twenty-seventh (27) in Texas, investing over $525 million in the state since its inception.
"We are excited to expand our Dallas-Fort Worth footprint with The Heights of Cityview acquisition, an institutional-quality asset in one of the fastest growing Fort Worth submarkets," said Dan Chamberlain, Managing Partner. "With its affordable cost of living, business-friendly climate, and record in-migration, Dallas-Fort Worth has become a top choice for corporate relocations and expansions, driving robust population and job growth. The property is strategically located in Southwest Fort Worth near the Chisholm Trail Parkway, a $1.4 billion tollway connecting the Benbrook suburbs with downtown Fort Worth. This tollway has transformed the submarket, giving residents the ability to commute within minutes to some of the city's largest economic centers," says Chamberlain.
The property features a mix of one-, two-, and three-bedroom units with large floorplans averaging 984 square feet. The all-brick construction, low-density, and direct access garages provide a neighborhood feel. Apartment and community amenities include nine and ten-foot ceilings, 116 direct-access garages, renovated leasing center, clubhouse, and fitness center, as well as a resort-style pool with poolside putting green.
"The Heights of Cityview acquisition marks a continuation of our thematic investment strategy focused on acquiring institutional, core-plus, low-density product located in dynamic submarkets within the South and Southeast's leading growth markets," said Doug Fraser, who heads the acquisition efforts for the firm. "The property has experienced significant rental growth as demand for high-quality, low-density, garden product has quickly outpaced supply, in large part due to the effects of the COVID-19 pandemic and expanded work from home policies. We look forward to continuing to expand our presence in the Dallas-Fort Worth metro as we look for attractive opportunities amid market volatility," says Fraser.
The asset will benefit from floating-rate agency debt, arranged by Cutt Ableson of Berkadia. The property will be managed on-site by RPM Living, founded in Austin, which manages over 112,000 units nationwide. 37th Parallel extends its appreciation to Taylor Hill of Institutional Property Advisors, who represented the Seller in the transaction.
37th Parallel Properties is a privately held, multifamily real estate investment firm based in Richmond, VA. Founded in 2008, 37th Parallel has acquired and managed over 6,100 units and completed transactions totaling more than $950 million across the Southeast and Texas, all while maintaining a 100% profitable track record for its family of high net worth, family office, and institutional investors.
To learn more, visit www.37parallel.com.
CONTACT
Kieran Donohue
Director, Communications
kdonohue@37parallel.com
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SOURCE 37th Parallel Properties | https://www.1011now.com/prnewswire/2022/08/10/37th-parallel-properties-announces-recent-closing-344-unit-asset-fort-worth-tx/ | 2022-08-10T11:28:45Z | https://www.1011now.com/prnewswire/2022/08/10/37th-parallel-properties-announces-recent-closing-344-unit-asset-fort-worth-tx/ | false |
« Nuclea’rs ‘Six Niles Stile” Out Tomorrow\nA Night @ the Lab in Baltimore 8\n1. Brakett -The Black Dagger\nOne, I believe this recording can best be described/saw (he he)- I’m listening right out load-I’ll read something in 92 minutes it may sound strange at first glance/second take because, the instrumental piece for track (a) “The BD WEST PALM BEACH, Fla. — Former Miami Hurricanes and NFL running back Frank Gore is facing a domestic assault charge stemming from an incident at an Atlantic City, New Jersey, hotel.
The Atlantic City Police Department said Tuesday in a news release that Gore, 39, of Southwest Ranches, was issued a summons to appear in court later as a result of the July 31 incident at the Tropicana Atlantic City.
According to the news release, police were called to a domestic dispute shortly after 8 a.m. When officers arrived, they found a 28-year-old Miami woman speaking with hotel security.
"The victim did not exhibit signs of injury and complaints were not filed at the time," the release said.
However, an "ensuing investigation" led to Gore being charged.
The five-time Pro Bowl player spent 16 seasons in the NFL, including a decade with the San Francisco 49ers, who made him a third-round pick in the 2005 draft.
Gore became the franchise's rushing leader before moving on to play for the Indianapolis Colts, Miami Dolphins, Buffalo Bills and New York Jets.
He retired after the 2020 season, ending his NFL career with exactly 16,000 rushing yards and setting a league record for most career games by a running back with 241.
Before becoming a star for the Hurricanes, Gore began his college career as the backup to Clinton Portis during Miami's 2001 national championship season. Gore overcame two season-ending anterior cruciate ligament tears to lead the Hurricanes in carries, rushing yards and touchdowns during his final season in 2004.
In Miami's first-ever Atlantic Coast Conference game, Gore cemented his legacy in front of a partisan crowd at the old Orange Bowl, scoring the game-winning 18-yard touchdown run in overtime to defeat rival Florida State 16-10. | https://www.wptv.com/sports/football/former-dolphins-hurricanes-running-back-frank-gore-faces-domestic-assault-charge-in-new-jersey | 2022-08-10T11:31:44Z | https://www.wptv.com/sports/football/former-dolphins-hurricanes-running-back-frank-gore-faces-domestic-assault-charge-in-new-jersey | true |
White scored a hatful of goals for Infinity during their HPL Senior Division days between the second half of 2017/18 and 2020/21.
That hugely prolific run included 91 goals in just 80 appearances in 2018/19 and 2019/20.
Due to their league record over the two pandemic-wrecked campaigns, Infinity were promoted to the Wessex League Division 1 in the summer of 2021.
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They were forced to withdraw in early February, however, after Hythe & Dibden told them they could no longer groundshare with them following allegations of racism.
Infinity’s previous homes had included Winchester, Southampton and Knowle Village.
Now they have another new base - Sidlesham, a few miles south of Chichester - but have to regroup in the second tier of the Hampshire League. Put another way, that’s the eighth tier of non-league football.
But White, still only 32, and host of his former Infinity colleagues who played in the Wessex last term have signed on for a new challenge in HPL Division 1.
The likes of Danny Phillips, Harry Osman and Andy Powell have also remained.
So has boss Wayne Grant, who left Paulsgrove last summer to take on the chance of managing in the Wessex League.
‘It’s been a long time coming,’ said Grant of this Saturday’s home game with Michelmersh & Timsbury.
Infinity officials have overseen a complete revamp of the facilities at Sidlesham, with help from local councils.
‘It’s been a busy time, all hands on deck really,’ Grant explained. ‘The pitch was ok, but everything around it was terrible. We’ve put in new showers, done the changing rooms up, got the bar working. It’s been a lot of hard graft.
‘We’ve had help from the local councils, a bit of funding, there’s a good little community there.
‘We’ve probably got a stronger squad this year than we had in the Wessex. I’ll be trying to keep everyone happy and interested.
‘I’d imagine we will be the favourites, we will be there to be shot at. We’ll just have to be professional.
‘I was a little bit disappointed to be asked to drop into Hampshire 1. We know we should be playing a little higher, but we’ll take our medicine and start again.
‘I thought we’d lose a few players, but I’d say 95 per cent of the squad we had in the Wessex have stayed.’
White bagged 12 goals in 16 starts for Wessex 1 side Follands after Infinity’s 2021/22 season ended abruptly, but has dropped two tiers of the pyramid to stay with Infinity.
Grant has also brought in midfielder Brandon Bowman from Paulsgrove, Mitch Austin from Harvest and towering centre half Matt Burt, who has lots of Wessex League experience.
He has also sweet-talked striker Shane Flooks - last seen at Fleetlands two seasons ago - out of retirement.
Grant revealed he was always keen to stay on at Infinity. ‘It’s a bit of unfinished business,’ he remarked. ‘It becomes a project again, same as it was before.
‘It’s a phoenix from the flames, and I’m excited to get going again.
‘The ground is 99.9 per cent ready to host Wessex football, and hopefully in a couple of years time we could be in the Wessex again.’ | https://www.portsmouth.co.uk/sport/football/former-southampton-striker-jamie-white-stays-loyal-to-footballing-wanderers-infinity-in-eighth-tier-of-non-league-pyramid-3800160 | 2022-08-10T11:32:07Z | https://www.portsmouth.co.uk/sport/football/former-southampton-striker-jamie-white-stays-loyal-to-footballing-wanderers-infinity-in-eighth-tier-of-non-league-pyramid-3800160 | false |
Army: 2 soldiers dead in weather-related incident in north Georgia
Published: Aug. 10, 2022 at 7:21 AM EDT|Updated: 11 minutes ago
FORT BENNING, Ga. (WGCL/Gray News) - Two Fort Benning soldiers died Tuesday in what Army officials call a weather-related incident.
According to the U.S. Army Maneuver Center of Excellence, the incident happened at Yonah Mountain near Dahlonega.
Three other service members were injured and taken to the hospital, according to the U.S. Army Maneuver Center of Excellence.
The names of the soldiers that were killed and injured have not been released.
Copyright 2022 WGCL via Gray Media Group, Inc. All rights reserved. | https://www.wagmtv.com/2022/08/10/army-2-soldiers-dead-weather-related-incident-north-georgia/ | 2022-08-10T11:33:56Z | https://www.wagmtv.com/2022/08/10/army-2-soldiers-dead-weather-related-incident-north-georgia/ | true |
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RIGA, Latvia (AP) — The U.S. will conduct more military exercises with Baltic nations such as Latvia, and look to provide increased training, Defense Secretary Lloyd Austin said Wednesday, saying the U.S. may bring in additional troops from America if needed to bolster the region against any possible threat from Russia.
Speaking at a press conference with Latvia’s Defense Minister Artis Pabriks, Austin said plans to do continuous rotations of forces into the Baltics will likely use troops from U.S. brigades in Romania and other parts of Europe, but “we can also bring in forces from the United States.”
Austin is the first U.S. defense secretary to visit Latvia in nearly three decades, underscoring the increased importance of the Baltic nations, who sit at Russia’s western edge. They have watched Russia's invasion of Ukraine and fear that they could be the next victims of Moscow’s aggression. The Pentagon said the last defense chief to go to Latvia was William Perry in 1995.
Pabriks told reporters that his top priorities are to get more U.S. military enablers, adding that in order to defend his country, his troops need “nitty gritty training” on a daily basis. He added that Latvia also needs additional financial assistance from the U.S. in order to buy new military equipment, and to beef up its air defense and coastal defense.
In two days of meetings in this Baltic capital, just a few hours’ drive from the Russian border, Austin repeatedly re-enforced America's commitment to helping the region defend itself. He met with U.S. troops on Tuesday, including members of the Security Force Assistance Brigade that provides training to allies. He said Wednesday that he is looking to maintain use of the SFAB in the Baltic region going forward.
Austin's visit comes as the Russian war in Ukraine is in its sixth month, as Russia continues to make slow but incremental progress but has met growing counterattacks by Ukrainian forces in Russian-occupied areas of southern Ukraine. Ukraine has also been battling to hold off the Kremlin’s forces in the industrial Donbas region in the east.
In a possible escalation of the fighting, powerful explosions rocked a Russian air base in Crimea on Tuesday and sent towering clouds of smoke over the landscape. Russia’s Defense Ministry denied the Saki base on the Black Sea had been shelled and said instead that munitions had blown up there. But Ukrainian social networks were abuzz with speculation that it was hit by Ukrainian-fired long-range missiles.
In a rapid-fire series of meetings on Wednesday with top Latvian leaders, including President Egils Levits at Riga Castle, Austin pledged America’s steadfast commitment to stand with the Baltic region against any Russian aggression. The three Baltic nations - Latvia, Lithuania and Estonia - are all former Soviet republics, and were seized and annexed by Josef Stalin during World War II . They gained independence with the breakup of the Soviet Union in 1991, and joined NATO in 2004, putting themselves under the military protection of the U.S. and its Western allies.
“We will enhance our rotational deployments in the region and intensify our training with our Baltic allies to further strengthen our combat credible posture in the region,” Austin said, as the start of his meeting with Latvian Prime Minister Arturs Krisjanis Karins at the Council of Ministers on Wednesday morning.
During the press conference, Pabriks acknowledged worries about the threat from neighboring Belarus, which is a Russian ally. He said he doesn’t consider Belarus an independent nation and is instead just part of Russia. He said Latvia is routinely concerned about the threat along that border and watches it closely.
The U.S. has deployed an additional 20,000 U.S. troops to Europe -- for a total of about 100,000 --- in order to reassure NATO allies, beef up training and exercises and shift the focus of the forces to the alliance’s eastern flank. Of those, the U.S. now has about 500 troops in Latvia, an increase over the 100 that were in the country as of last December.
In March, shortly after Russia’s invasion of Ukraine, NATO began to explore how best to shore up the defense of the eastern flank, from Estonia in the north through Latvia, Lithuania and Poland down to Bulgaria and Romania on the Black Sea.
“On land, our new posture should include substantially more forces in the eastern part of the Alliance, at higher readiness, with more prepositioned equipment and supplies,” said NATO Secretary-General Jens Stoltenberg, at the time. “In the air, more allied air power, and strengthened integrated air and missile defense.”
Austin first stopped first at Lielvarde Air Base where he and Pabriks met with U.S. and Latvian troops. Standing in a hanger, with a Black Hawk helicopter in the background, Pabriks flatly told Austin and the service members that “if something happens on the border – we are ready to die."
Austin assured Pabriks and the troops that “if something happens, and ... the sovereign territory of Latvia is questioned or challenged, we’re gonna be here to work with our partners.”
NATO only began stationing troops on its eastern flank after Russia annexed Ukraine’s Crimean Peninsula in 2014. Until late last year, only around 5,000 troops were deployed in the Baltic states and Poland on a rotational basis.
Now, NATO says, hundreds of thousands of troops are on heightened alert, with America's 100,000 troops in Europe, and 40,000 troops under direct NATO command, supported by around 150 ships and a similar number of aircraft.
Austin's visit also comes as Latvia moves to increase its own defenses, and the nation's president eyes a plan to reinstate national conscription for men, and for women on a voluntary basis. The draft could be reintroduced next year after a hiatus of over 15 years.
. | https://www.seattlepi.com/news/article/Austin-pledges-military-training-support-for-17363817.php | 2022-08-10T11:34:56Z | https://www.seattlepi.com/news/article/Austin-pledges-military-training-support-for-17363817.php | true |
BRATISLAVA, Slovakia (AP) — Oil shipments from Russia through a critical pipeline to several European countries should resume soon after a problem over payments for the transit was resolved, Slovakia’s economy minister said on Wednesday.
Russian state pipeline operator Transneft said Tuesday it halted shipments through the southern branch of the Druzhba oil pipeline, which flows through Ukraine to the Czech Republic, Slovakia and Hungary.
Transneft cited complications due to European Union sanctions for its action on Aug. 4, saying its payment to the company’s Ukrainian counterpart was refused.
The Slovak minister, Richard Sulik, said the payments would be made Wednesday by Slovak refiner Slovnaft after both the Russian and Ukrainian sides agreed to the solution. Slovnaft is owned by Hungary’s MOL energy group.
“I expect the oil shipments to resume in hours,” Sulik said.
Slovakia receives practically all its oil through the Druzhba pipeline. Sulik said the payment is worth some 9–10 million euros (up to $10.2 million).
He said his country would work on a long -term solution to the problem which he said was caused by a refusal of an unnamed bank in Western Europe to transfer the money due to the sanctions imposed by the European Union on Russia for its war against Ukraine.
“I wouldn’t look for a political context behind it, there’s none,” Sulik said.
The northern leg of the Druzhba pipeline, which runs through Belarus to Poland and Germany, was unaffected, Transneft said.
EU leaders agreed in May to embargo most Russian oil imports by the end of the year as part of the bloc’s sanctions over Moscow’s war in Ukraine.
The embargo covers Russian oil brought in by sea but allowed temporary Druzhba pipeline shipments to Hungary and certain other landlocked countries in central Europe, such as Slovakia and the Czech Republic.
Russia has curtailed natural gas shipments to Europe after most countries refused to abide by Russian President Vladimir Putin’s wartime order requiring payments in rubles instead of dollars or euros.
___
Follow AP’s coverage of the war in Ukraine at https://apnews.com/hub/russia-ukraine | https://www.seattlepi.com/news/article/Russian-oil-shipments-to-central-Europe-expected-17363801.php | 2022-08-10T11:35:27Z | https://www.seattlepi.com/news/article/Russian-oil-shipments-to-central-Europe-expected-17363801.php | true |
Kobe Bryant crash photos lawsuit to be heard by LA jury
LOS ANGELES (AP) — Kobe Bryant was one of the most photogenic sports figures in Los Angeles and images of him seen by millions around the world — smiling in victory, grimacing in agony — keep his memory alive.
But some photos of him should never be seen, his widow says, and she’s seeking unspecified millions in compensation for snapshots taken of the NBA star’s corpse that were circulated after he was killed in a helicopter crash with their daughter and seven others in 2020.
Vanessa Bryant’s invasion of privacy trial against the Los Angeles County sheriff’s and fire departments begins Wednesday in a U.S. District Court just over a mile from where Kobe Bryant played most of his career with the Lakers.
Vanessa Bryant claims deputies did not take the photos for investigative purposes and shared them with firefighters who responded to the crash scene. The lawsuit said a deputy showed the photos to bar patrons and a firefighter showed them off-duty colleagues.
“Mrs. Bryant feels ill at the thought that sheriff’s deputies, firefighters, and members of the public have gawked at gratuitous images of her deceased husband and child,” according to the lawsuit. “She lives in fear that she or her children will one day confront horrific images of their loved ones online.”
Kobe Bryant, his 13-year-old daughter Gianna, and other parents and players were flying to a girls basketball tournament when their chartered helicopter crashed in the Calabasas hills west of Los Angeles in fog. Federal safety officials blamed pilot error for the wreck.
Vanessa Bryant has also sued the helicopter charter company and the deceased pilot’s estate.
The county has argued that Bryant has suffered emotional distress from the deaths, not the photos, which were ordered deleted by Sheriff Alex Villanueva. They said the photos have never been in the media, on the internet or otherwise publicly disseminated and that the lawsuit is speculative about harm she may suffer.
A law prompted by the crash makes it a crime for first responders to take unauthorized photos of deceased people at the scene of an accident or crime.
The county already agreed to pay $2.5 million to settle a similar case brought by two families whose relatives died in the Jan. 26, 2020, crash.
Vanessa Bryant did not settle her case, indicating she’s seeking more.
The litigation has at times been ugly.
When the county sought a psychiatric evaluation of Bryant to determine if she suffered emotional distress because of the photos, her lawyers criticized the “scorched-earth discovery tactics” to bully her and other family members of victims to abandon their lawsuits.
The county responded by saying they were sympathetic to Bryant’s losses and dismissed her case as a “money grab.”
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/08/10/kobe-bryant-crash-photos-lawsuit-be-heard-by-la-jury/ | 2022-08-10T11:36:05Z | https://www.mysuncoast.com/2022/08/10/kobe-bryant-crash-photos-lawsuit-be-heard-by-la-jury/ | true |
Preliminary dose escalation data expected in second half of 2022 from the ARROS-1 study of NVL-520 for advanced ROS1 positive NSCLC and other solid tumors
Rapid advancement of pipeline with clinical trials ongoing for NVL-520 and NVL-655 and two additional development candidates on-track for selection in 2022
CAMBRIDGE, Mass., Aug. 10, 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 reported pipeline progress and second quarter 2022 financial results.
"Our focus for 2022 is on execution across our pipeline of novel kinase inhibitors, and the Nuvalent team has continued to deliver. In the past quarter, we announced our plan to share preliminary dose escalation data in the second half of 2022 from the Phase 1 portion of our Phase 1/2 ARROS-1 trial for patients with advanced ROS1-positive non-small cell lung cancer (NSCLC) and other solid tumors, and dosed the first patient in our Phase 1/2 ALKOVE-1 trial for patients with advanced ALK-positive NSCLC and other solid tumors," said James Porter, Ph.D., Chief Executive Officer at Nuvalent. "Additionally, we've continued to advance our discovery pipeline and remain poised to nominate two additional development candidates by the end of this year – a testament to the strength, ingenuity, and efficiency of the Nuvalent team, our capabilities, and approach. This is an exciting time for our company, and I'm confident in our ability to deliver on our goal of precisely targeted therapies that can enable deep and durable responses for patients with cancer."
- Preliminary Dose-Escalation Data from Ongoing ARROS-1 Trial Anticipated in the Second Half of 2022: Nuvalent's Phase 1/2 ARROS-1 clinical trial evaluating NVL-520 in patients with advanced ROS1-positive NSCLC and other solid tumors, is progressing well and is continuing to enroll patients in the Phase 1 portion of the study. NVL-520 is a ROS1-selective inhibitor designed to address the clinical challenges of emergent treatment resistance, off-target CNS adverse events, and brain metastases that may limit the use of currently available ROS1 kinase inhibitors. The company plans to share preliminary data from the dose-escalation portion of the trial in the second half of 2022.
- Dosing Initiated and Enrollment Ongoing in ALKOVE-1 Trial: Nuvalent is actively dosing patients in the Phase 1 portion of its ALKOVE-1 trial, a Phase 1/2, multicenter, open-label, dose-escalation and expansion trial evaluating NVL-655 in patients with advanced ALK-positive NSCLC and other solid tumors. NVL-655, Nuvalent's parallel lead product candidate, is an ALK-selective inhibitor designed to address the clinical challenges of emergent treatment resistance, off-target CNS adverse events, and brain metastases that may limit the use of currently available ALK kinase inhibitors.
- New NVL-655 Preclinical Data Presented at IASLC 2022 World Conference on Lung Cancer Annual Meeting: A poster characterizing NVL-655 alongside other ALK inhibitors in a patient-derived model of lorlatinib-resistant ALK-positive NSCLC with the treatment-emergent G1202R/T1151M compound resistance mutation was presented at the IASLC 2022 World Conference on Lung Cancer (WCLC) Annual Meeting. The preclinical activity of NVL-655, as described in the poster presented, continues to support the potential for a best-in-class profile.
- On-Track to Select Two Additional Development Candidates from Discovery Pipeline in 2022: Nuvalent continues to advance its pipeline expansion efforts with multiple discovery-stage research programs. The company expects to select development candidates for its programs directed toward ALK IXDN compound resistance mutations and HER2 Exon 20 insertions in the second half of 2022.
- Cash Position: Cash, cash equivalents and marketable securities were $257.0 million as of June 30, 2022. Nuvalent continues to expect the existing cash and cash equivalents to be sufficient to fund its planned operations into 2024.
- R&D Expenses: Research and development (R&D) expenses were $13.6 million for the second quarter of 2022.
- G&A Expenses: General and administrative (G&A) expenses were $5.2 million for the second quarter of 2022.
- Net Loss: Net loss for the second quarter of 2022 was $18.5 million, or $0.38 per share.
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.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, without limitation, implied and express statements regarding Nuvalent's strategy, business plans, and focus; the clinical development programs for NVL-520, NVL-655, ALK IXDN compound resistance mutations and HER2 Exon 20 insertions and the timing thereof; the potential clinical effect of NVL-520 and NVL-655; the design and enrollment of the ARROS-1 and ALKOVE-1 studies and the timing thereof; the potential of Nuvalent's pipeline programs, including NVL-520 and NVL-655; Nuvalent's research and development programs for the treatment of cancer; risks and uncertainties associated with drug development; and capital allocation. The words "may," "might," "will," "could," "would," "should," "expect," "plan," "anticipate," "aim," "goal," "intend," "believe," "expect," "estimate," "seek," "predict," "future," "project," "potential," "continue," "target" or the negative of these terms and similar words or expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Drug development and commercialization involve a high degree of risk, and only a small number of research and development programs result in commercialization of a product. You should not place undue reliance on these statements or the scientific data presented.
Any forward-looking statements in this press release are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties, and important factors that may cause actual events or results to differ materially from those expressed or implied by any forward-looking statements contained in this press release, including, without limitation: risks that Nuvalent may not fully enroll the ARROS-1 or ALKOVE-1 studies or that enrollment will take longer than expected; unexpected concerns that may arise from additional data, analysis, or results obtained during clinical trials; the occurrence of adverse safety events; risks of unexpected costs, delays, or other unexpected hurdles; risks that Nuvalent may not be able to nominate drug candidates from its HER2 Exon 20 and ALK IXDN programs; the direct or indirect impact of COVID-19 or other global geopolitical circumstances on the timing and anticipated timing and results of Nuvalent's clinical trials, strategy, and future operations, including the ARROS-1 and ALKOVE-1 studies; the timing and outcome of Nuvalent's planned interactions with regulatory authorities; and obtaining, maintaining, and protecting its intellectual property. These and other risks and uncertainties are described in greater detail in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, as well as any subsequent filings with the Securities and Exchange Commission. In addition, any forward-looking statements represent Nuvalent's views only as of today and should not be relied upon as representing its views as of any subsequent date. Nuvalent explicitly disclaims any obligation to update any forward-looking statements.
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New logo and branding amplify Veriff's commitment to rebuilding trust in the digital world
NEW YORK, Aug. 10, 2022 /PRNewswire/ -- Veriff, an industry leader in online identity verification, today announced a new brand identity, reflecting the company's next level of growth within the ever-evolving security and identity fraud landscape. Veriff's brand upgrade includes a new and refined logo, color palette, patterns, aligned illustration system and a new improved website that better communicates the company's global impact and presence.
Founded in 2015, Veriff's mission to rebuild trust online began when its CEO and co-founder Kaarel Kotkas experienced firsthand how easy it was to bypass online security checks. Committed to helping businesses of all sizes quickly, and accurately verify their customer's identity and fight fraud online, Veriff has since grown to a 550-person company that serves a global client base.
"The acceleration of digital transformation in businesses has created an urgency for additional measures for safety and trust for those interacting in online spaces," said Kotkas. "As we enter this next evolution of Veriff, we want our brand to reflect the differentiated experience we strive to provide businesses to keep their users safe online. Trust is the currency of the digital age and everyone deserves real safety, protection and transparency online."
Veriff's brand upgrade comes on the heels of several monumental corporate and product announcements. In addition to raising $100M in Series C financing this year, becoming Estonia's ninth-ever unicorn, Veriff rounded out its executive leadership bench with the recent appointment of Caroline Mogford as CMO. In addition, Veriff released a newly enhanced version of its Biometric Authentication solution. With this new tool, businesses can use artificial intelligence (AI)-powered technology to accelerate their user authentication process, utilizing facial biometrics to identify the user and activate their re-authentication preferences quickly. Together with these new updates, Veriff's refreshed brand identity reinforces its continued dedication to rebuilding trust in the digital age.
To learn more about Veriff and its brand enhancement, please visit www.veriff.com.
About Veriff
Veriff is an industry leader in online identity verification, helping businesses to build trust with their customers. Veriff's intelligent decision engine analyzes thousands of technological and behavioral variables in seconds, matching people to more than 10,200 government-issued IDs from over 190 countries. Founded in 2015, Veriff serves a global portfolio of organizations across financial services, crypto, gaming and mobility sectors. Veriff's latest $100 million C-round investment brings its total funding to $200 million and its valuation to $1.5 billion. The investors include Tiger Capital, Alkeon, IVP, Accel, Mosaic Ventures, Y Combinator, and others. With offices in the U.S., UK, Spain and Estonia, Veriff employs over 550 people from 60 different nationalities who are dedicated to helping businesses to build a more secure world. To learn more, visit www.veriff.com.
Logo - https://mma.prnewswire.com/media/1875368/Veriff_Logo.jpg
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ATLANTA, Aug. 10, 2022 /PRNewswire/ -- Sharecare (Nasdaq: SHCR), the digital health company that helps people manage all their health in one place, today announced financial results for the quarter ended June 30, 2022. In addition, the company announced that it has signed a memorandum of understanding for a multi-year strategic partnership with Carelon to integrate Sharecare's advocacy capabilities into Carelon's Health Guide services that currently support hundreds of thousands of members. Sharecare has also initiated a strategic review of its non-enterprise businesses to enhance shareholder value, which management and the board of directors do not believe is currently reflected in the share price. The company's $50 million share repurchase program previously announced on May 12, 2022, remains in place.
"Sharecare delivered solid second quarter results exceeding revenue and EBITDA guidance with continued progress on deploying our digital first strategy to drive enhanced engagement, increased access, and improved outcomes for our clients," said Jeff Arnold, chairman and CEO of Sharecare. "We remain confident in our ability to execute on our strategy given the continued demand and momentum in new business opportunities and client wins along with retaining our current customer base, which will support accelerated revenue growth and operating performance in 2023."
Mr. Arnold added, "Sharecare provides a comprehensive digital health navigation platform supporting a significant number of top payors and employers to deliver value to more than 11 million members every day. We are committed to continuing to improve operating performance while advancing innovative solutions for our customers. One example of the value Sharecare continues to bring to its customers is the successful launch of Sharecare+, a digital first advocacy platform developed in partnership with Elevance Health. Our partnership with Carelon will be the next step in driving significant scale of our solution."
Second Quarter 2022 Financial Results
All comparisons, unless otherwise noted, are to the three months ended June 30, 2021.
- Revenue of $103.8 million compared to $98.5 million, an increase of $5.3 million, or 5%.
- Net loss attributable to Sharecare of $29.0 million compared to net loss attributable to Sharecare of $20.2 million, an increase of $8.8 million. Adjusted net loss attributable to Sharecare of $6.8 million compared to adjusted net loss attributable to Sharecare of $3.6 million in the prior year period.
- Adjusted EBITDA of $2.1 million compared to $6.6 million, a decrease of $4.5 million, which reflects increased investments in people, most importantly, as well as sales force expansion to support growth, a sunset of the high-margin health security product, and the additional costs of being a public company.
- Net loss per share of $0.08 compared to $0.09, a decrease to net loss per share of $0.01, which reflects the aforementioned items impacting net loss.
- Adjusted loss per share of $0.02 for both periods, which excludes the impact of non-cash and non-operational amounts.
There is no definitive timeline for the company's strategic review, nor has the board of directors made any decisions related to any actions or potential strategic alternatives to fully unlock value of the company's assets and potential that are not fully reflected in the market today; therefore, the company does not intend to comment further until it determines that additional disclosure is appropriate or necessary.
Financial Outlook
In light of a delayed start date for a large enterprise client, the initiation of the strategic review, changing macro-economic environment affecting life sciences, and certain cost initiatives being undertaken by the company, Sharecare is suspending financial guidance for 2022. The company will hold an analyst day in Q4 2022.
Conference Call
The company will host a conference call to review the second quarter results today, Wednesday August 10, 2022, at 8:00 a.m. EDT. The conference call can be accessed by dialing (833) 636-1352 for U.S. participants, or (412) 902-4148 for international participants, and referencing the Sharecare call; or via live audio webcast, also available online at https://investors.sharecare.com. A webcast replay of the call will be available for on-demand listening at the same link and will remain available for approximately 90 days.
Non-GAAP Financial Measures
In addition to our financial results determined in accordance with U.S. GAAP, we believe the non-GAAP measures adjusted EBITDA, adjusted net income (loss), and adjusted earnings (loss) per share ("adjusted EPS") are useful in evaluating our operating performance. We use adjusted EBITDA, adjusted net income (loss), and adjusted EPS to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that these non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, provide meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our business, results of operations, or outlook. In particular, we believe that the use of these non-GAAP measures is helpful to our investors as these metrics are used by management in assessing the health of our business and our operating performance. However, non-GAAP financial information is presented for supplemental informational purposes only, has limitations as an analytical tool, and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP. In addition, other companies, including companies in our industry, may calculate similarly titled non-GAAP measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures.
The calculations and reconciliations of historic adjusted EBITDA, adjusted net income (loss), and adjusted EPS to net income (loss), the most directly comparable financial measure stated in accordance with GAAP, are provided below and in the accompanying financial tables. Investors are encouraged to review the reconciliations and not to rely on any single financial measure to evaluate our business.
We have not reconciled adjusted EBITDA guidance to net income (loss) because we do not provide guidance for net income (loss) or for items that we do not consider indicative of our ongoing performance, including, but not limited to, the impact of significant non-recurring items, as certain of these items are out of our control and/or cannot be reasonably predicted. Accordingly, reconciliations of adjusted EBITDA guidance to the corresponding U.S. GAAP measures are not available without unreasonable effort.
Adjusted EBITDA
We calculate adjusted EBITDA as net income (loss) adjusted to exclude (i) depreciation and amortization, (ii) interest income, (iii) interest expense, (iv) income tax (benefit) expense, (v) other (income)/expense (non-operating), (vi) share-based compensation, (vii) severance, (viii) warrants issued with revenue contracts, (ix) net costs associated with exiting contracts, and (x) transaction and closing costs. We do not view the items excluded as representative of our ongoing operations.
Adjusted Net Income (Loss)
We calculate adjusted net income (loss) as net income (loss) attributable to Sharecare, Inc. adjusted to exclude (i) amortization of acquired intangibles, (ii) amortization of deferred financing fees, (iii) change in fair value of warrant liability and contingent consideration, (iv) share-based compensation, (v) severance, (vi) warrants issued with revenue contracts, (vii) net costs associated with exiting contracts, (viii) transaction and closing costs, and (ix) the related income tax adjustments. We do not view the items excluded as representative of our ongoing operations.
Adjusted Earnings (Loss) Per Share
We calculate adjusted EPS as adjusted net income (loss), as defined above, divided by the number of weighted average common shares outstanding - basic and diluted.
About Sharecare
Sharecare is the leading digital health company that helps people – no matter where they are in their health journey – unify and manage all their health in one place. Our comprehensive and data-driven virtual health platform is designed to help people, providers, employers, health plans, government organizations, and communities optimize individual and population-wide well-being by driving positive behavior change. Driven by our philosophy that we are all together better, at Sharecare, we are committed to supporting each individual through the lens of their personal health and making high-quality care more accessible and affordable for everyone. To learn more, visit www.sharecare.com.
Important Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that are based on beliefs and assumptions and on information currently available. In some cases, you can identify forward-looking statements by the following words: "outlook," "target," "reflect," "on track," "foresees," "future," "may," "deliver," "will," "shall," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue," "ongoing" or the negative of these terms, other comparable terminology (although not all forward-looking statements contain these words), or by discussions of strategy, plans, or intentions. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain.
Forward-looking statements in this press release include, but are not limited to, statements regarding a potential strategic review, our ability to realize the expected benefits of partnerships or other relationships with third parties or customers on our future growth objectives, our use of the share repurchase program and the statements under the caption "Financial Outlook."
We cannot assure you that the forward-looking statements in this press release will prove to be accurate. These forward-looking statements are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from expected results. Descriptions of some of the factors that could cause actual results to differ materially from these forward-looking statements are discussed in more detail in our filings with the U.S. Securities and Exchange Commission (the "SEC"), including the Risk Factors section of the Company's Annual Report of Form 10-K filed with the SEC on March 31, 2022. Furthermore, if the forward-looking statements prove to be inaccurate, the inaccuracy may be material. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by us or any other person that we will achieve our objectives and plans in any specified time frame, or at all. The forward-looking statements in this press release represent our views as of the date of this press release. We anticipate that subsequent events and developments will cause our views to change. However, while we may elect to update these forward-looking statements at some point in the future, we have no current intention of doing so except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release.
Media Relations:
Jen Martin Hall
jen@sharecare.com
Investor Relations:
Evan Smith, CFA
evan.smith@sharecare.com
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Fact check: As monsoon arrives, misinformation pours
August 10, 2022 15:52 ISTAs monsoon rains lash several parts of the country, social media platforms are awash with weather-related misinformation.
Here’s a round-up of misleading claims that have been doing the rounds in the recent past:
Indonesia bridge collapse falsely linked to Assam floods
A dramatic video, purporting to show the collapse of a bridge in Assam, went viral on social media at a time when the State was reeling from deadly floods.
The clip was widely shared not only on social media, but also by mainstream news outlets like NDTV India, India TV, and TV9 Hindi.
By performing a reverse image search on the keyframes extracted from the video, The Hindu traced it back to a 2021 report by the Indonesian news portal Tribunnews.
The report identified the structure as Kambaniru bridge in East Nusa Tenggara, a province of Indonesia.
Using relevant keywords, we also found a 2021 news report by Indonesian TV channel iNews, which also featured the bridge in question.
Hence, an old video of a bridge collapse in Indonesia has been falsely linked to the recent floods in Assam.
Fact check: Misleading
Old clip used to describe flooding in Jodhpur
In the wake of the unprecedented rain in Rajasthan, a video showing people being swept away by floodwaters has gone viral on social media.
The Facebook post, which has been viewed over 29,000 times as of August 6, shows a couple of people being carried away by floodwaters before others come to their rescue.
The Hindu found that the clip was at least two years old.
Through a reverse image search, we found the same video in a tweet posted by CNN-News18 on August 14, 2020. It was captioned: “Parts of Jaipur experienced flood-like situation after heavy rains.”
CBS News had also shared the same video in a report published around the same time. This report, too, mentioned that the incident occurred in Jaipur.
We also came across a tweet posted by Soumit Mohan on August 14, 2020, in which he claimed that the video was much older than previously thought.
However, we were unable to find the same clip uploaded or published on any platform before 2020. Nonetheless, it is clear that the video is at least two years old, and is not related to the recent rain and flooding in Jodhpur.
Fact check: Misleading
2020 video from Jammu passed off as recent clip of Akkalkuwa-Ankleshwar bridge collapse
Against the backdrop of heavy rains in Maharashtra and Gujarat, a clip is being circulated on social media with the claim that it shows the collapse of a bridge connecting Akkalkuwa to Ankleshwar.
The post has been shared over 300 times and garnered over 3,000 likes, as of August 3. But it is misleading, as The Hindu found that it pertains to an incident that took place in Jammu in 2020.
A reverse image search led us to a tweet posted by ANI on August 26, 2020, which contained the same clip and identified the place as Gadigarh in Jammu.
NDTV had also carried a report on the incident on the same day.
Hence, visuals from Jammu, dating back to 2020, have been passed off as a recent clip of the collapse of the Akkalkuwa-Ankleshwar bridge.
Fact check: Misleading
This flooded street is in Haryana, not Delhi
“How beautiful is this Delhi, how beautiful are the roads here; The system here is commendable, the government here is wonderful #DelhiRains,” said a sarcastic tweet that was posted in the wake of heavy rain in the national capital.
The post contained a video purporting to show people wading through a waterlogged road in Delhi. But The Hindu found that the clip was actually from Haryana.
While looking for clues in the video, we noticed a shop called Chopra Electricals, and a Jio showroom next to it.
We then searched for Chopra Electricals on Google Maps and traced it to Rohtak in Haryana. Using Street View, we were able to confirm the location of the shop, as the nameboards matched the ones featured in the video.
The waterlogged road featured in the video is located in Haryana, and has nothing to do with the downpour in Delhi.
Fact check: Misleading
2021 video from Uttarakhand passed off as recent rescue operation in Rajasthan
A video showing Army personnel forming a human chain in the midst of floodwaters and rescuing stranded people is doing the rounds on social media.
The clip was shared on Twitter with the claim that it was from Sri Ganganagar in Rajasthan.
But The Hindu found that it was from Nainital in Uttarakhand, and dated back to 2021.
Through a reverse image search, we found the same video in a report by The Quint, dated October 20, 2021.
CNN-News18 had also shared the clip around the same time.
NDTV had reported that dozens of people had died as rain battered Uttarakhand for several days in a row, prompting the deployment of the State Disaster Response Force, the National Disaster Response Force and the Army for rescue operations.
We were therefore able to conclude that the video was from Uttarakhand, not Rajasthan.
Fact check: misleading
Clip of bikes crashing on a flyover is from Karachi, not Mumbai
A video of several bikes crashing on a flyover has been posted on Twitter, with the claim that the incident occurred at Sanpada in Mumbai.
The dramatic clip shows motorcyclists falling off their sliding vehicles in the midst of traffic, on a seemingly rainy day. But things are not what they seem.
The Hindu split the video into keyframes and performed a reverse image search, which led us to a report by Pakistan Daily.
According to the report, the incident took place in Karachi, where “Rain showers [sic] mixed with the oil on the city roads caused dozens of vehicles to skid, several leading to accidents”.
Further, to confirm the location, we looked for landmarks in the video. There were two hints - a Honda showroom and a Vivo showroom next to it.
We searched for the Honda showroom on Google Maps and traced it to Rashid Minhas Road, Karachi. The premises matched the one featured in the video.
With this, we were able to conclude that the incident occurred in Karachi, not Mumbai.
Fact check: Misleading
From where is this viral video of autorickshaw driver dancing in the rain?
A clip of an autorickshaw driver dancing on a flooded road has gone viral, with some claiming it is from Bhopal in Madhya Pradesh and others saying it is from Sri Ganganagar in Rajasthan.
While a Facebook post claiming the visuals were from Sri Ganganagar was shared over 3,000 times and garnered over 4,000 likes, The Times of Indiaposted the same clip on its website, claiming it was from Bhopal.
The Hindu found that the clip was neither from Bhopal nor Rajasthan, but from Gujarat.
A search using the keywords “auto driver dancing in rain” in Google took us to an article on the vibesofindia portal, which identified the man as Naresh Sondarwa, a resident of Bharuch in Gujarat.
We then searched “Naresh Sondarwa” and came across a Facebook profile with the same name. The user had shared the same clip from various sources and specifically thanked the people of Bharuch for popularising it.
Among his posts, we found a longer version of the viral video.
The facebook user had also shared an article by Divyabhaskar featuring him.
From this, we could conclude that the clip was indeed from Gujarat.
Fact check: Misleading | https://www.thehindu.com/news/national/fact-check-as-monsoon-arrives-misinformation-pours/article65715246.ece/amp/ | 2022-08-10T11:39:21Z | https://www.thehindu.com/news/national/fact-check-as-monsoon-arrives-misinformation-pours/article65715246.ece/amp/ | true |
Former President Donald Trump says he's testifying Wednesday in NY investigation
Video above: No 'heads up' about the FBI's Mar-a-Lago search, White House says
Former President Donald Trump will be questioned under oath Wednesday in the New York attorney general’s long-running civil investigation into his dealings as a real estate mogul, he confirmed in a post on his Truth Social account.
Trump’s testimony comes amid a flurry of legal activity surrounding him, taking place just days after FBI agents searched his Mar-a-Lago estate in Florida as part of an unrelated federal probe into whether he took classified records when he left the White House.
The New York civil investigation, led by Attorney General Letitia James, involves allegations that Trump’s company, the Trump Organization, misstated the value of prized assets like golf courses and skyscrapers, misleading lenders and tax authorities.
“In New York City tonight. Seeing racist N.Y.S. Attorney General tomorrow, for a continuation of the greatest Witch Hunt in U.S. history!” Trump wrote on Truth Social, invoking his oft-repeated claims about James, who is Black, and the investigation.
“My great company, and myself, are being attacked from all sides," Trump added. "Banana Republic!”
Messages seeking comment were left with James’ office and with Trump’s lawyer.
Trump’s testimony is happening at a critical point in James’ investigation, midway through a pivotal week in his post-presidency.
In May, James' office said that it was nearing the end of its probe and that investigators had amassed substantial evidence that could support legal action, such as a lawsuit, against Trump, his company or both.
The Republican billionaire’s deposition — a legal term for sworn testimony that’s not given in court — is one of the few remaining missing pieces, the attorney general’s office said.
Two of Trump’s adult children, Donald Jr. and Ivanka, testified in the investigation in recent days, two people familiar with the matter said. The people were not authorized to speak publicly and did so on condition of anonymity.
The Trumps’ testimony had initially been planned for last month but was delayed after the July 14 death of the former president’s ex-wife, Ivana Trump, the mother of Ivanka, Donald Jr. and another son, Eric Trump, who sat for a deposition in James’ investigation in 2020.
On Friday, the Trump Organization and its longtime finance chief, Allen Weisselberg, will be in court seeking dismissal of tax fraud charges brought against them last year in the Manhattan district attorney’s parallel criminal probe.
James, a Democrat, has said in court filings that her office has uncovered “significant” evidence that Trump’s company “used fraudulent or misleading asset valuations to obtain a host of economic benefits, including loans, insurance coverage, and tax deductions.”
James alleges the Trump Organization exaggerated the value of its holdings to impress lenders or misstated what land was worth to slash its tax burden, pointing to annual financial statements given to banks to secure favorable loan terms and to financial magazines to justify Trump’s place among the world’s billionaires.
The company even exaggerated the size of Trump’s Manhattan penthouse, saying it was nearly three times its actual size — a difference in value of about $200 million, James’ office said.
Trump has denied the allegations, explaining that seeking the best valuations is a common practice in the real estate industry. He says James’ investigation is part of a politically motivated “witch hunt” and that her office is “doing everything within their corrupt discretion to interfere with my business relationships, and with the political process.”
“THERE IS NO CASE!” Trump said in a February statement, after Manhattan Judge Arthur Engoron ruled that James’ office had “the clear right” to question Trump and other principals in his company.
While James has explored suing Trump or his company, the Manhattan district attorney’s office has long pursued a parallel criminal investigation.
That probe had appeared to be progressing toward a possible criminal indictment, but slowed after a new district attorney, Alvin Bragg, took office in January.
A grand jury that had been hearing evidence disbanded. The top prosecutor who had been handling the probe resigned after Bragg raised questions internally about the viability of the case.
Bragg has said his investigation is continuing, which means that Trump could invoke his Fifth Amendment right against self-incrimination and decline to answer questions from James’ investigators.
According to the subpoena issued by James’ office, Trump was to appear in person at the attorney general’s office, located in a Manhattan office tower that has doubled as the fictional conglomerate Waystar Royco’s headquarters on HBO’s “Succession.”
As vociferous as Trump has been in defending himself in written statements and on the rally stage, legal experts say the same strategy could backfire in a deposition setting because anything he says could potentially be used against him or his company in the criminal investigation. No former president has even been charged with a crime.
In fighting to block the subpoenas, lawyers for the Trumps argued New York authorities were using the civil investigation to get information for the criminal probe and that the depositions were a ploy to avoid calling them before a criminal grand jury, where state law requires they be given immunity.
Last summer, spurred by evidence uncovered by James’ office, Manhattan prosecutors filed charges against Weisselberg and the Trump Organization. Prosecutors said Weisselberg collected more than $1.7 million in off-the-books compensation.
Weisselberg and the company have pleaded not guilty.
Weisselberg and Eric Trump each invoked the Fifth Amendment more than 500 times when questioned by James’ lawyers during separate depositions in 2020, according to court papers.
The former president could choose to do the same, but it’s likely “he’ll claim lack of knowledge on many questions,” New York University law professor Stephen Gillers said.
That could be a successful strategy, since Trump is known as more of a “big-picture guy” Gillers said. “So he’ll answer the big-picture questions and those answers will be general enough to keep him out of trouble, or so his lawyers will hope.”
“On the other hand, his impetuosity makes him a lawyer’s nightmare and his overconfidence may lead him astray. Whoever questions him will encourage that,” the professor added.
Once her investigation wraps up, James could decide to bring a lawsuit and seek financial penalties against Trump or his company, or even a ban on them being involved in certain types of businesses.
___
Associated Press writer Jill Colvin in New York contributed to this report. | https://www.wesh.com/article/trump-testify-ny-investigation/40853923 | 2022-08-10T11:39:45Z | https://www.wesh.com/article/trump-testify-ny-investigation/40853923 | false |
Selection by Volkswagen's CARIAD as its direct LiDAR supplier for automated vehicles cements Innoviz's Tier 1 status
TEL AVIV, Israel, Aug. 10, 2022 /PRNewswire/ -- Innoviz Technologies Ltd. (Nasdaq: INVZ) (the "Company" or "Innoviz"), a Tier-1 supplier of high-performance, solid-state LiDAR sensors and perception software, today provided updates on commercial traction, technology leadership, and corporate development and reported its financial results for the second quarter ended June 30, 2022.
Management Commentary
"We are pleased with the team's execution on our strategic priorities, as we meet or exceed each one of our 2022 milestones. The most important of these milestones, and the foundation of our vision for Innoviz, was to become a Tier-1 supplier in the automotive market. We are proud to have achieved this through our selection as Volkswagen's CARIAD SE ("Volkswagen CARIAD") direct LiDAR supplier for automated vehicles within the Volkswagen brands. This is a testament to our premier products and innovative technology, aligned with our vision to be a world-wide, leading Tier-1 supplier for LiDARs and Perception Software in a fast changing and new automotive world," said Omer Keilaf, CEO and Co-Founder of Innoviz.
"In addition to the milestone Volkswagen CARIAD decision, I'm confident that our Tier-1 capabilities, including our ability to manage mass production manufacturability, automotive-grade quality, hardware validation, and computer vision validation will serve as a differentiating factor as other OEMs select their direct LiDAR supplier. Beyond the automotive industry, we have made important progress to expand our footprint in new geographies and use cases, and have further invested in our technology and perception software."
Commercial Progress
1. Selection by Volkswagen's CARIAD as its direct LiDAR supplier for automated vehicles within the Volkswagen brands.
- Pursuant to the terms of the agreement, Innoviz will provide InnovizTwo LiDAR sensors and perception software to several Volkswagen brands and integrate its perception software with CARIAD automated driving stack, serving the different brands. The new design win increased Innoviz's forward-looking order book to $6.6 billion from $2.6 billion.
- This nomination marks Innoviz's second deal of LiDAR and Perception Software for series production of passenger vehicles by a leading German carmaker; the first being BMW.
- Innoviz is now servicing two of the world's leading German carmakers which together represent 15% of the entire automotive market.
- This nomination is Innoviz's first deal as a Tier-1 supplier for a passenger vehicles program and Innoviz's first deal for its second-generation LiDAR, InnovizTwo.
2. Momentum on multiple world-wide opportunities in the automotive space:
- Expanding our reach to other regions in the world, Innoviz is currently managing 12 automotive RFIs and RFQs at different stages where almost all of them are for passenger vehicle programs, in regions such as US, Asia and EU. Innoviz is offering its solution as a direct Tier-1 supplier.
- Several yearlong opportunities are in discussion and Innoviz expects a decision by 2-3 OEM's in the next 6 months, with the rest to follow in the next 12 months.
3. Ecosystem events:
- Innoviz is hosting an event for partners, customers, and analysts on September 19, 2022. The event will include keynotes speakers, a tour of Innoviz's facilities, including InnovizTwo automated production and test lines, and driving demos. Keynote speakers will include:
- Mr. Alejandaro Vukotich, VP of Automotive Product Management at Qualcomm. Qualcomm provides the SnapDragon Ride Platform which has been selected for use by several leading OEMs and Tier-1s.
- Dr. Richard Rau, VP of Autonomous Driving, Sensors, Integration Platforms and Cooperations at BMW Group. - Innoviz and Nvidia were selected to host a 3D perception workshop during the European Conference on Computer Vision (ECCV), a premier event that will run from October 23-27, 2022, in Tel Aviv. Innoviz and NVIDIA's workshop will discuss the unique challenges and advantages associated with the use of 3D data for autonomous driving and identify key requirements for perception software to process large, complex LiDAR datasets.
4. In the second quarter of 2022, Innoviz also expanded its global market share beyond the automotive industry:
- The Company entered into a cooperation with Joowon Industrial, a distributor and supplier of world-class testing equipment, for Joowon to serve as a distributor of a wide range of Innoviz applications across a number of industries, including industrial machinery and heavy equipment in the Korean and other markets.
- Japan Post, a special private company under the jurisdiction of the Japanese Ministry of Internal Affairs and Communications, selected InnovizOne LiDAR sensors to construct digital maps on postal delivery cars, paving the way for next-generation smart city services such as autonomous driving and unmanned delivery. The InnovizOne equipped delivery vehicles will generate detailed digital maps that gather information that include changes in roads and buildings along delivery routes.
Technology Leadership
Innoviz remains focused on investing in technology and perception software. This quarter, the Company made further improvements to its next-generation product, InnovizTwo.
- Innoviz is in process of ramping up the InnovizTwo B1 sample, which is designed to increase performance and volume production. Ramp up, allowing the availability of additional InnovizTwo B1 samples, is targeted for the beginning of 2023.
- Innoviz360 B sample integration is planned for the end of third quarter 2022, and Innoviz expects to demonstrate the first samples of Innoviz360 by the end of this year, as planned. Innoviz360 will help Innoviz expand its market outreach and its total addressable market (TAM).
Corporate Development
In the second quarter 2022, Innoviz announced a series of management team appointments to bolster its sales leadership experience and support its continued growth. The Company named Tali Chen as Chief Business Officer, Scott Craig as Country Manager, U.S., and Brijesh Shukla as Country Manager, Japan.
Second Quarter 2022 Financial Results
Revenues for the second quarter of 2022 were $1.8 million, compared to $1.0 million in the second quarter of 2021. The Company expects InnovizOne sales to continue to increase and it's also targeting to sell the first samples of InnovizTwo later this year.
Operating expenses for the second quarter of 2022 were $28.8 million, a decrease from $70.7 million in the second quarter of 2021. Operating expenses in the second quarter of 2022 included $4.4 million of share-based compensation compared to $49.9 million of share-based compensation in the second quarter of 2021. The decrease in operating expenses in the second quarter of 2022 compared to the second quarter of 2021 was primarily due to a decrease in share-based compensation, partially offset by an increase in headcount during the second quarter of 2022.
Research and development expenses for the second quarter of 2022 were $21.9 million, a decrease from $32.1 million in the second quarter of 2021. Research and development expenses in the second quarter of 2022 included $2.7 million attributable to share-based compensation compared to $17.6 million attributable to share-based compensation in the second quarter of 2021.
Innoviz maintains a high liquidity level with approximately $246 million in cash, short term deposits, restricted cash and marketable securities, as of June 30, 2022.
Guidance
Innoviz is reaffirming its 2022 guidance:
- The Company expects to increase its order book by more than 30% by the end of fiscal year 2022.
- The Company has achieved its expected stated goal to secure 10 pre-production programs during 2022. To date, the Company has participated in 12.
- The Company currently has 12 prospective customers in at different RFI and RFQ stages.
- The Company expects to drive material revenue by the end of 2023 from previously announced series wins with BMW and an L4 autonomous shuttle program, as well as from non-automotive end markets.
Conference Call
Innoviz management will hold a web conference today, August 10, 2022, at 9:00 a.m. Eastern time (6:00 a.m. Pacific time) to discuss these results. Innoviz CEO Omer Keilaf and CFO Eldar Cegla will host the call, followed by a question-and-answer session.
Investors are invited to attend by registering in advance here. All relevant information will be sent upon registration.
A replay of the webinar will also be available shortly after the call in the Investors section of Innoviz's website for 90 days.
About Innoviz Technologies
Innoviz is a global leader in LiDAR technology, working towards a future with safe autonomous vehicles on the world's roads. Innoviz's LiDAR and perception software "see" better than a human driver and reduce the possibility of error, meeting the automotive industry's strictest expectations for performance and safety. Operating across the U.S., Europe, and Asia, Innoviz has been selected by internationally-recognized premium car brands for use in consumer vehicles as well as by other commercial and industrial leaders for a wide range of use cases. For more information, visit innoviz-tech.com.
Join the discussion: Facebook, LinkedIn, YouTube, Twitter
Logo - https://mma.prnewswire.com/media/1496323/Innoviz_Technologies_Logo.jpg
Media Contact
Media@innoviz-tech.com
Investor Contact
Maya Lustig
Innoviz Technologies
+972 54 677 8100
Investors@innoviz-tech.com
Forward Looking Statements
This announcement contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the services offered by Innoviz, the anticipated technological capability of Innoviz's products, the markets in which Innoviz operates, Innoviz's forward-looking order book, and Innoviz's projected future results. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. "Forward-looking order book" is the cumulative projected future sales of hardware and perception software based on current estimates of volumes and pricing relating to a project. Many factors could cause actual future events, and, in the case of our forward-looking order book, actual orders, to differ materially from the forward-looking statements in this announcement, including but not limited to, the ability to implement business plans, forecasts, and other expectations, the ability to convert design wins into definitive orders and the magnitude of such orders, the ability to identify and realize additional opportunities, and potential changes and developments in the highly competitive LiDAR technology and related industries. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in Innoviz's annual report on Form 20-F filed with the SEC on March 30, 2022 and other documents filed by Innoviz from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Innoviz assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Innoviz gives no assurance that it will achieve its expectations.
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SOURCE Innoviz Technologies | https://www.kalb.com/prnewswire/2022/08/10/innoviz-technologies-provides-commercial-updates-reports-second-quarter-2022-financial-results/ | 2022-08-10T11:42:37Z | https://www.kalb.com/prnewswire/2022/08/10/innoviz-technologies-provides-commercial-updates-reports-second-quarter-2022-financial-results/ | true |
NEW YORK (AP) _ 1stdibs.com Inc. (DIBS) on Wednesday reported a loss of $289,000 in its second quarter.
The New York-based company said it had a loss of 1 cent per share. Losses, adjusted for non-recurring gains, came to 26 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 24 cents per share.
The upscale online retailer posted revenue of $24.6 million in the period.
For the current quarter ending in October, 1stdibs said it expects revenue in the range of $20.7 million to $21.9 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DIBS at https://www.zacks.com/ap/DIBS | https://www.sfchronicle.com/business/article/1stdibs-Q2-Earnings-Snapshot-17363839.php | 2022-08-10T11:44:17Z | https://www.sfchronicle.com/business/article/1stdibs-Q2-Earnings-Snapshot-17363839.php | true |
ROCKVILLE, Md., Aug. 10, 2022 /PRNewswire/ -- REGENXBIO Inc. (Nasdaq: RGNX) today announced that it will present at the H.C. Wainwright 2nd Annual Ophthalmology Virtual Conference on Wednesday, August 17th, 2022:
Panel: Unique Delivery Technology Platforms for Better Compliance and Efficacy
Date: Wednesday, August 17th, 2022
Time: 11:00 a.m. ET
A live webcast of the panel can be accessed in the Investors section of REGENXBIO's website at www.regenxbio.com. An archived replay of the webcast will be available in the Investors section of REGENXBIO's website for approximately 30 days following the presentation.
REGENXBIO is a leading clinical-stage biotechnology company seeking to improve lives through the curative potential of gene therapy. REGENXBIO's NAV Technology Platform, a proprietary adeno-associated virus (AAV) gene delivery platform, consists of exclusive rights to more than 100 novel AAV vectors, including AAV7, AAV8, AAV9 and AAVrh10. REGENXBIO and its third-party NAV Technology Platform Licensees are applying the NAV Technology Platform in the development of a broad pipeline of candidates, including late-stage and commercial programs, in multiple therapeutic areas. REGENXBIO is committed to a "5x'25" strategy to progress five AAV Therapeutics from our internal pipeline and licensed programs into pivotal-stage or commercial products by 2025.
Contacts:
Dana Cormack
Corporate Communications
dcormack@regenxbio.com
Investors:
Chris Brinzey, ICR Westwicke
339-970-2843
chris.brinzey@westwicke.com
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SOURCE REGENXBIO Inc. | https://www.kalb.com/prnewswire/2022/08/10/regenxbio-announces-presentation-hc-wainwright-2nd-annual-ophthalmology-virtual-conference/ | 2022-08-10T11:44:17Z | https://www.kalb.com/prnewswire/2022/08/10/regenxbio-announces-presentation-hc-wainwright-2nd-annual-ophthalmology-virtual-conference/ | false |
TEL AVIV-YAFO, Israel (AP) _ Riskified Ltd. (RSKD) on Wednesday reported a loss of $33 million in its second quarter.
On a per-share basis, the Tel aviv-Yafo, Israel-based company said it had a loss of 20 cents. Losses, adjusted for stock option expense and non-recurring costs, came to 8 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.
The provider of fraud-prevention services posted revenue of $59.9 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $58 million.
Riskified expects full-year revenue in the range of $255 million to $258 million.
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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 RSKD at https://www.zacks.com/ap/RSKD | https://www.sfchronicle.com/business/article/Riskified-Q2-Earnings-Snapshot-17363800.php | 2022-08-10T11:44:54Z | https://www.sfchronicle.com/business/article/Riskified-Q2-Earnings-Snapshot-17363800.php | false |
CHICAGO, Aug. 10, 2022 /PRNewswire/ -- The Foundation for Sarcoidosis Research (FSR) is pleased to announce that the FSR Sarcoidosis Research Fellowship for 2022-2024 is being awarded to Dr. Nancy Lin from National Jewish Health, a Founding Member of the FSR Global Sarcoidosis Clinic Alliance, for her project, "Defining MicroRNA Biomarkers in Sarcoidosis." FSR has awarded $1.40 million through the FSR Sarcoidosis Research Fellowships Grant program and is thrilled to award Dr. Lin a fellowship in the amount of $150,000 over two-years, to continue FSR's investment in support of promising early career investigators.
Dr. Lin will be mentored throughout her fellowship by Dr. Lisa Maier, an internationally renowned sarcoidosis researcher. Dr. Maier is the Chief of the Division of Environmental and Occupational Health Sciences at National Jewish Health (NJH) and Professor of Medicine at NJH, and the Division of Pulmonary and Critical Care Sciences in the Department of Medicine, School of Medicine and the Environmental Occupational Health Department in the Colorado School of Public Health at the University of Colorado Anschutz Medical Campus. Dr. Maier is an esteemed member of the FSR Scientific Advisory Board. Dr. Maier has collaborated extensively with sarcoidosis experts around the world on studies focusing on defining genetic, genomic, epigenetic, and exposure risk factors in occupational, environmental, and idiopathic lung diseases, to help define biomarkers and therapeutic and preventive interventions.
"I am so appreciative of being awarded the FSR Fellowship Grant. This grant will allow me to continue developing my expertise in complex cases of sarcoidosis and will assist me in achieving my goal of becoming an expert [in sarcoidosis]. Additionally, this grant enables me to continue my research in genomic biomarkers in sarcoidosis. With support from the FSR, I hope this research will lead to improvements in the clinical management of individuals with sarcoidosis." said Dr. Lin.
FSR's Sarcoidosis Research Fellowship program was initiated in 2018 and has helped to support the research of six fellows and build the pipeline for the next generation of sarcoidosis researchers. The FSR Fellowship Grant provides an opportunity for early-stage investigators to develop specialized skills and gain direct experience within the field of sarcoidosis.
"FSR is excited to welcome Dr. Lin to the prestigious group of FSR Sarcoidosis Research Fellows and is confident that this research will lead to important discoveries and new potential avenues for diagnosis, prevention, and treatment of sarcoidosis." said Mary McGowan, FSR's Chief Executive Officer.
To learn more about FSR's Fellowship and research programs, please visit (https://www.stopsarcoidosis.org/fsr-grants/)
Sarcoidosis is a rare inflammatory disease characterized by the formation of granulomas—tiny clumps of inflammatory cells—in one or more organs of the body. Despite increasing advances in research, sarcoidosis remains difficult to diagnose with limited treatment options and no known cure. Approximately 175,000 people live with sarcoidosis in the United States.
The Foundation for Sarcoidosis Research (FSR) is the leading international organization dedicated to finding a cure for sarcoidosis and to improving care for sarcoidosis patients through research, education, and support. Since its establishment in 2000, FSR has fostered over $6 million in sarcoidosis-specific research efforts. For more information about FSR and to join our community, visit: stopsarcoidosis.org.
Contact:
Cathi Davis
cathi@stopsarcoidosis.org
312-341-0500 ext 106
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SOURCE Foundation for Sarcoidosis Research | https://www.wibw.com/prnewswire/2022/08/10/foundation-sarcoidosis-research-awards-2022-2024-sarcoidosis-research-fellowship-dr-nancy-lin-national-jewish-health/ | 2022-08-10T11:44:58Z | https://www.wibw.com/prnewswire/2022/08/10/foundation-sarcoidosis-research-awards-2022-2024-sarcoidosis-research-fellowship-dr-nancy-lin-national-jewish-health/ | false |
LOS ANGELES, Aug. 10, 2022 /PRNewswire/ -- "Finally, a self help book that just cuts to the chase. Liberate Yourself! Bolsters and supports the belief that anything is possible and helps you begin to make powerful changes in your life" - Jeff Hoffman, co-founder of priceline, Award- Winning Global Entrepreneur, Bestselling Author, Worldwide Motivational Speaker, and Film and Television Producer.
Cristina Dam, Hypnotherapist, Healer and the founder of Liberate, one of the largest spiritual centers in Los Angeles, is now the Author of the new best selling self help book named after her store; "Liberate Yourself: How to Accept your Past, Let go of Judgment & Live the Life of your Dreams"
"Liberate Yourself" recently launched on Amazon and kindle available HERE , and will be available soon on audible. After an incredible career in the spiritual world, Cristina Dam knew the next step would be putting pen to paper and creating a book that will help you learn on how to get to the heart of who you really are.
Liberate the brand has been around for over a decade with two stores, one in Los feliz and the newest location in Sherman Oaks, which just celebrated its one-year anniversary. Liberate prides itself on having some of the world's best practitioners to help you on your journey. Whether you're struggling with health, career or love, Liberate is there to help!
You can check out more of what the two stores have to offer, including wellness classes and events on their website at www.liberateyourself.com and book a session with Cristina herself or one of the other talented practitioners, in person or remote.
Cristina also has a podcast interviewing holistic practitioners from around the world, which you can find on their YouTube channel https://www.youtube.com/c/LiberateYourself1 to see the visual, or check it out on iTunes! Keep an eye out for their newest podcast, "Pivot," to help people find ways to liberate themselves from their past and start a new life.
If you wish to schedule an interview or session with Cristina Dam, please contact Hannah@liberateyourself.com
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SOURCE Liberate Yourself | https://www.wibw.com/prnewswire/2022/08/10/liberate-yourself-new-best-selling-self-help-book-by-cristina-dam/ | 2022-08-10T11:45:52Z | https://www.wibw.com/prnewswire/2022/08/10/liberate-yourself-new-best-selling-self-help-book-by-cristina-dam/ | true |
Sensex, Nifty close almost flat; IT stocks weigh
Benchmark BSE Sensex and Nifty closed on a flat note after a volatile session on August 10 profit booking in IT and realty shares negated gains in metal and oil & gas stocks.
The 30-share BSE Sensex ended 35.78 points or 0.06% lower at 58,817.29, while the broader NSE Nifty inched 9.65 points or 0.06% higher at 17,534.75.
The market remained range-bound for the most part of the session as investors kept their exposure low due to weak global cues, traders said.
Bajaj Finance was the top loser in the Sensex pack, shedding 2.66%, followed by NTPC, HCL Tech, Wipro, Asian Paints, Ultra Cement and SBI.
On the other hand, Tata Steel, Bharti Airtel, ICICI Bank, L&T and IndusInd Bank were among the gainers.
Equity markets were closed on Tuesday on account of ‘Muharram’.
Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul ended with significant losses.
Equities in Europe were trading with mild gains in mid-session deals.
Meanwhile, international oil benchmark Brent crude declined 1.05% to $95.30 per barrel.
Foreign institutional investors (FIIs) were net buyers in the Indian capital market as they purchased shares worth ₹1,449.70 crore on Monday, as per exchange data.
The rupee appreciated 15 paise to close at 79.48 (provisional) against the U.S. dollar on August 10.
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SHANGHAI, Aug. 10, 2022 /PRNewswire/ -- This announcement is made by Noah Holdings Private Wealth and Asset Management Limited (the "Company", together with its subsidiaries and its consolidated affiliated entities, the "Group") pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).
The board (the "Board") of directors of the Company (the "Directors") is pleased to announce that the Board has approved and adopted the following dividend policy (the "Dividend Policy") on August 10, 2022, which aims to provide stable and sustainable returns to the shareholders of the Company (the "Shareholders"). The Dividend Policy has become effective from August 10, 2022.
PURPOSES
The Dividend Policy aims to set out the principles and guidelines that the Company intends to apply in relation to the declaration, payment or distribution of its profits as dividends to the Shareholders.
PRINCIPLES AND GUIDELINES
In considering the payment of dividends, there shall be a balance between retaining adequate reserves for the Group's future growth and rewarding the Shareholders.
Dividends to be distributed each year
(a) the financial results and financial condition of the Group;
(b) the expected working capital requirements, capital expenditure requirements and future expansion plans of the Group;
(c) retained earnings and distributable reserves of the Group;
(d) the level of the Group's debts to equity ratio and return on equity;
(e) general economic conditions, business cycle of the Group's business and other internal or external factors that may have an impact on the business or financial performance and position of the Group;
(f) any banking or other funding covenants by which the Company is bound from time to time; and
(g) any other factors that the Board may consider relevant.
Timing of dividend declaration and payments
The Board shall hold meetings considering the declaration and payment of dividends by the end of March each year and declare such dividend if so decided. The dividend will be subject to the Shareholders' approval at the annual general meeting of the Company no later than the end of June each year. Once approved, the dividends shall be declared by the Company and paid out to the Shareholders.
The dividend under the Dividend Policy proposed and/or declared by the Board for a financial year are deemed as final dividend. Any final dividend for a financial year will be subject to Shareholders' approval. The Company may declare and pay dividends by way of cash or by other means that the Board considers appropriate.
The Dividend Policy shall in no way constitute a legally binding commitment by the Company in respect of its future dividend and/or in no way obligate the Company to declare a dividend at any time or from time to time. There can be no assurance that dividends will be paid in any particular amount for any given year.
REVIEW OF THE DIVIDEND POLICY
The Board will review the Dividend Policy from time to time to ensure the effectiveness of the Dividend Policy, and reserves the right in its sole and absolute discretion to update, amend, modify and/or cancel the Dividend Policy at any time.
Shareholders and potential investors should exercise caution when dealing in the securities of the Company.
By Order of the Board
Noah Holdings Private Wealth and Asset Management Limited
Jingbo Wang
Chairwoman of the Board
Hong Kong, August [10], 2022
As at the date of this announcement, the Board comprises Ms. Jingbo Wang, the chairwoman of the Board, Mr. Zhe Yin and Ms. Chia-Yue Chang as executive directors; Mr. Neil Nanpeng Shen and Mr. Boquan He as non-executive directors; and Dr. Zhiwu Chen, Mr. Tze-Kaing Yang, Mr. Jinbo Yao and Ms. May Yihong Wu as independent directors.
ABOUT NOAH HOLDINGS LIMITED
Noah Holdings Limited (NYSE: NOAH and HKEX: 6686) is a leading and pioneer wealth management service provider in China offering comprehensive one-stop advisory services on global investment and asset allocation primarily for high net worth investors. Noah is a Cayman Islands holding company and carries on business in Hong Kong as Noah Holdings Private Wealth and Asset Management Limited. In the first quarter of 2022, Noah distributed RMB15.0 billion (US$2.4 billion) of investment products. Through Gopher Asset Management, Noah had assets under management of RMB156.1 billion (US$24.6 billion) as of March 31, 2022.
Noah's wealth management business primarily distributes private equity, public securities and insurance products denominated in RMB and other currencies. Noah delivers customized financial solutions to clients through a network of 1,281 relationship managers across 83 cities in mainland China, and serves the international investment needs of its clients through offices in Hong Kong, Taiwan, New York, Silicon Valley and Singapore. The Company's wealth management business had 415,082 registered clients as of March 31, 2022. Through Gopher Asset Management, Noah manages private equity, public securities, real estate, multi-strategy and other investments denominated in Renminbi and other currencies. Noah also provides other businesses.
For more information, please visit Noah at ir.noahgroup.com.
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CT Albany NY Zone Forecast for Wednesday, August 10, 2022
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614 FPUS51 KALY 101114
ZFPALY
FPUS51 KALY 101104
ZFPALY
Zone Forecast Product for Eastern New York and Western New England
National Weather Service Albany NY
704 AM EDT Wed Aug 10 2022
CTZ001-102000-
Northern Litchfield-
Including the city of Torrington
704 AM EDT Wed Aug 10 2022
.TODAY...Mostly sunny. Not as warm with highs around 80. North winds
around 5 mph this morning, becoming light and variable.
.TONIGHT...Partly cloudy in the evening, then becoming mostly
cloudy. Lows in the lower 60s. Light and variable winds.
.THURSDAY...Mostly sunny. Highs around 80. Light and variable winds.
.THURSDAY NIGHT...Partly cloudy. Lows around 60. Northwest winds
around 5 mph.
.FRIDAY...Sunny. Highs in the upper 70s. North winds 5 to 10 mph.
.FRIDAY NIGHT AND SATURDAY...Mostly clear. Lows in the lower 50s.
Highs in the upper 70s.
.SATURDAY NIGHT THROUGH SUNDAY NIGHT...Partly cloudy. Lows in the
upper 50s. Highs in the upper 70s.
.MONDAY...Mostly sunny. Scattered showers in the afternoon. Highs in
the upper 70s. Chance of rain 30 percent.
.MONDAY NIGHT AND TUESDAY...Mostly cloudy. Scattered showers. Lows
in the upper 50s. Highs in the mid 70s. Chance of rain 30 percent.
$$
CTZ013-102000-
Southern Litchfield-
Including the cities of Oakville, New Milford, Terryville,
and Woodbury
704 AM EDT Wed Aug 10 2022
.TODAY...Partly sunny. Highs in the mid 80s. North winds around
5 mph, becoming west this afternoon.
.TONIGHT...Partly cloudy in the evening, then mostly cloudy with a
chance of showers after midnight. Humid with lows in the mid 60s.
South winds around 5 mph in the evening, becoming light and
variable. Chance of rain 40 percent.
.THURSDAY...Mostly sunny with scattered showers. Humid with highs in
the lower 80s. North winds around 5 mph, becoming northwest around
5 mph in the afternoon. Chance of rain 30 percent.
.THURSDAY NIGHT...Partly cloudy. Lows in the lower 60s. Northwest
winds around 5 mph.
.FRIDAY...Sunny. Highs in the lower 80s. North winds 5 to 10 mph.
.FRIDAY NIGHT AND SATURDAY...Mostly clear. Lows in the mid 50s.
Highs around 80.
.SATURDAY NIGHT THROUGH SUNDAY NIGHT...Partly cloudy. Lows in the
upper 50s. Highs in the lower 80s.
.MONDAY...Mostly sunny. Scattered showers in the afternoon. Highs in
the lower 80s. Chance of rain 30 percent.
.MONDAY NIGHT AND TUESDAY...Mostly cloudy. Scattered showers. Lows
in the lower 60s. Highs in the upper 70s. Chance of rain 30 percent.
$$
_____
Copyright 2022 AccuWeather | https://www.sfchronicle.com/weather/article/CT-Albany-NY-Zone-Forecast-17363808.php | 2022-08-10T11:47:53Z | https://www.sfchronicle.com/weather/article/CT-Albany-NY-Zone-Forecast-17363808.php | true |
Amelia Torres
Amelia Torres (73) passed on Monday August 1, 2022, in Scott and White Hospital in Temple Texas. She was born on November 14, 1948, at Brackenridge Hospital in Austin. She graduated from Belton High in 1967. She is married to Lupe Torres for 55 years. Her parents were Emilio Aranda Rabago, Carpenter and Rosa Vasquez, Factory Worker. She had 21 brothers and sisters. Preceded In death by a set of twin girls, sister Helen Vasquez and brother Robert Vasquez. Survived by husband, Lupe Torres; 3 daughters, Edna Piñon and Michael with 2 sons, Michael and Janet, Matthew, Patricia Rodriguez and Clemente, Christina Luna and spouse and 4 children, Marisa Luna and son Zaylen, Zeke and Zachary Luna, and Grandson Stephan and Rachael Torres and Ayrabella. She left behind several brothers and sisters and nieces and nephews. She will be missed. The family will receive visitors from 6-8:00PM, Rosary at 7PM, Wednesday, August 10th at Dossman Funeral Home, Belton, Texas. A graveside service will be at 10AM, Thursday, August 11th, North Belton Cemetery Pavilion.
Paid Obituary | https://www.tdtnews.com/obituaries/article_368a3b92-182e-11ed-8f05-bb1a14cde5d3.html | 2022-08-10T11:48:05Z | https://www.tdtnews.com/obituaries/article_368a3b92-182e-11ed-8f05-bb1a14cde5d3.html | false |
Edmunds: How to mitigate or avoid dealer markups
By RONALD MONTOYA
Edmunds
As if buying a new car in today’s supply-constrained market wasn’t hard enough, this year, many shoppers are experiencing sticker shock when they realize that the car they wanted has a price tag well over the manufacturer’s suggested retail price. It’s the sad but true reality of the current car buying climate. Where there were once discounts, now there are markups and dealer-installed options that you didn’t ask for. But if you’re OK with doing some extra legwork and casting your net farther, you should be able to avoid them. | https://kion546.com/news/ap-national-news/2022/08/10/edmunds-how-to-mitigate-or-avoid-dealer-markups-2/ | 2022-08-10T11:49:52Z | https://kion546.com/news/ap-national-news/2022/08/10/edmunds-how-to-mitigate-or-avoid-dealer-markups-2/ | true |
ANOKA, Minn., Aug. 10, 2022 /PRNewswire/ -- Vista Outdoor Inc. (NYSE: VSTO), the parent company of 40 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe, is pleased to announce the addition of two independent members, Gerard Gibbons and Bruce Grooms, to its Board of Directors. Mr. Gibbons and Mr. Grooms were both elected to the Board of Directors by Vista Outdoor's shareholders at the Company's Annual Meeting of Stockholders on July 26, 2022.
Mr. Gibbons' extensive experience in global supply chain, logistics and marketing will bring tremendous value to Vista Outdoor. Mr. Gibbons previously spent more than 30 years with United Parcel Services (UPS) in a variety of commercial roles. In 2008, he accepted the assignment as President of U.S. Sales, responsible for UPS's most profitable small and medium business customer segment. He was later assigned the role of President of U.S. and SMB Marketing, a position he held until his retirement from UPS in 2021. He holds an MBA from the W.P. Carey School of Business at Arizona State University and a BBA with a concentration in Marketing from Howard University. Mr. Gibbons currently serves on the boards of two private equity portfolio companies and the board of Big Brothers/Big Sisters of Metro Atlanta. Mr. Gibbons will serve as a member of the Audit Committee and the Nominating and Governance Committee of the Board.
Mr. Grooms brings extensive senior-level executive experience in both the private sector and the U.S. Navy. A retired Navy Vice Admiral with more than 30 years of successful executive leadership, Mr. Grooms is currently the Vice President and General Manager of the Marine Services Division for Delphinus Engineering, a privately held company that specializes in ship repair and maintenance. Prior to Delphinus Engineering, he was a Vice President at Raytheon Technologies Corp., heading up all business development activities in support of the Navy and Marine Corps Programs. Until 2015, Mr. Grooms served as a career submarine officer and served as the Commandant of the U.S. Naval Academy, nearly 10 years of which Mr. Grooms spent serving in various roles of increasing responsibility within NATO command. Additionally, Mr. Grooms has served on nonprofit boards and is currently serving as an independent director on the board of Emcore Corp., a publicly traded technology company in the aerospace and defense industry. Mr. Grooms has been selected as a director due to his extensive leadership, corporate governance, and industry experience. Mr. Grooms will serve as a member of Management Development and Compensation and Audit Committees of the Board.
"The directors and I are pleased to welcome these two highly talented leaders as new members of the Vista Outdoor Board," said Michael Callahan, Vista Outdoor's Chairman of the Board. "These individuals will add tremendous value to the organization with their expertise across the public and private sector. We expect great things from our newest directors and look forward to their contributions on behalf of Vista Outdoor and our stakeholders."
Chris Metz, Vista Outdoor CEO, added, "We welcome Gerard Gibbons and Bruce Grooms to the Vista Outdoor Board of Directors, and we are confident they will make an immediate and positive impact on the company's performance. Gerard's background and expertise in supply chain, notably his dynamic 30-plus-year career at UPS, make him a valuable asset as Vista Outdoor navigates an increasingly complex global marketplace. And Bruce's vast experience in the public and private sectors, including several critical leadership roles for the U.S. Navy and large corporations, will serve to strengthen our corporate leadership and governance efforts."
With these appointments, Vista Outdoor's Board of Directors consists of 11 members, including 18 percent female and 18 percent diversity beyond gender.
Vista Outdoor (NYSE: VSTO) is the parent company of more than three dozen renowned brands that design, manufacture and market sporting and outdoor products. We serve a broad and diverse range of consumers around the globe, including outdoor enthusiasts, golfers, cyclists, backyard grillers, campers, hunters, recreational shooters, athletes, as well as law enforcement and military professionals. Our reporting segments, Outdoor Products and Sporting Products, provide these consumers with a wide range of performance-driven, high-quality and innovative outdoor and sporting products. Our operating model leverages shared resources across brands to achieve levels of excellence and performance that would be out of reach for any one brand on its own. Brands include Remington Ammunition, Bushnell, CamelBak, Bushnell Golf, Foresight Sports, Fiber Energy Products, Bell Helmets, Camp Chef, Giro, QuietKat, Stone Glacier, Federal Ammunition and more. Vista Outdoor products are sold at leading retailers and distributors across North America and worldwide. For news and information, visit our website at www.vistaoutdoor.com.
Some of the statements made and information contained in this report, excluding historical information, are "forward-looking statements," including those that discuss, among other things: our plans, objectives, expectations, intentions, strategies, goals, outlook or other non-historical matters; projections with respect to future revenues, income, earnings per share or other financial measures for Vista Outdoor; and the assumptions that underlie these matters. The words "believe," "expect," "anticipate," "intend," "aim," "should" and similar expressions are intended to identify such forward-looking statements. To the extent that any such information is forward-looking, it is intended to fit within the safe harbor for forward-looking information provided by the Private Securities Litigation Reform Act of 1995. Numerous risks, uncertainties and other factors could cause our actual results to differ materially from the expectations described in such forward-looking statements, including the following: supplier capacity constraints, production or shipping disruptions or quality or price issues affecting our operating costs; the supply, availability and costs of raw materials and components; increases in commodity, energy, and production costs; seasonality and weather conditions; our ability to complete acquisitions, realize expected benefits from acquisitions and integrate acquired businesses; reductions in or unexpected changes in or our inability to accurately forecast demand for ammunition, accessories, or other outdoor sports and recreation products; disruption in the service or significant increase in the cost of our primary delivery and shipping services for our products and components or a significant disruption at shipping ports; risks associated with diversification into new international and commercial markets, including regulatory compliance; our ability to take advantage of growth opportunities in international and commercial markets; our ability to obtain and maintain licenses to third-party technology; our ability to attract and retain key personnel; disruptions caused by catastrophic events; risks associated with our sales to significant retail customers, including unexpected cancellations, delays, and other changes to purchase orders; our competitive environment; our ability to adapt our products to changes in technology, the marketplace and customer preferences, including our ability to respond to shifting preferences of the end consumer from brick and mortar retail to online retail; our ability to maintain and enhance brand recognition and reputation; others' use of social media to disseminate negative commentary about us, our products, and boycotts; the outcome of contingencies, including with respect to litigation and other proceedings relating to intellectual property, product liability, warranty liability, personal injury, and environmental remediation; our ability to comply with extensive federal, state and international laws, rules and regulations; changes in laws, rules and regulations relating to our business, such as federal and state ammunition regulations; risks associated with cybersecurity and other industrial and physical security threats; interest rate risk; changes in the current tariff structures; changes in tax rules or pronouncements; capital market volatility and the availability of financing; foreign currency exchange rates and fluctuations in those rates; general economic and business conditions in the United States and our markets outside the United States, including the war in Ukraine and the imposition of sanctions on Russia, conditions affecting employment levels, consumer confidence and spending, conditions in the retail environment, and other economic conditions affecting demand for our products and the financial health of our customers; and risks related to our Planned Separation. You are cautioned not to place undue reliance on any forward-looking statements we make. A more detailed description of risk factors that may affect our operating results can be found in Part 1, Item 1A, Risk Factors, of our Annual Report on Form 10-K for fiscal year 2022 and in the filings we make with Securities and Exchange Commission (the "SEC") from time to time. We undertake no obligation to update any forward-looking statements, except as otherwise required by law.
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SOURCE Vista Outdoor Inc. | https://www.kbtx.com/prnewswire/2022/08/10/vista-outdoor-expands-its-board-directors-with-two-new-members/ | 2022-08-10T11:50:09Z | https://www.kbtx.com/prnewswire/2022/08/10/vista-outdoor-expands-its-board-directors-with-two-new-members/ | true |
NEW YORK, Aug. 10, 2022 /PRNewswire/ -- Val Kleyman, Esq., a NYC divorce lawyer with The Kleyman Law Firm, advises what are some of the bad ideas to try to save your marriage and why you should avoid them.
There is a whole lot of information out there on how you can save your marriage. "Before talking about how you can save your marriage, it is essential to dispel those ideas that are going to only make your marriage worse, creating a situation where you will end up in my office," said Val Kleyman, an experienced NYC divorce lawyer.
1. Let's Have a Baby!
This is a common choice that people make to save a marriage and to try to ensure that the spouse, who may have doubts about the longevity of the relationship, will stay around.
"Couples often want to have a baby because they believe they will be loved by the child and appreciated more by the other spouse. This could not be further from the truth. Children are allot of work and will only put more pressure on an already volatile marriage," said Kleyman.
2. Talk Your Problems Out with Your Friends and Family.
Many couples opt to start talking their issues out with family and friends looking for advice.
"What needs to be understood is that your friends and family are always going to take your side. No matter how wrong you may be, they are likely going to empathize with you more. Not being able to see the problem from both sides will only hurt your chances of fixing it and will cause more conflict", according to NYC divorce lawyer.
3. Force Yourself to Stay Together for The Children
There is no doubt that divorce is tough on children. However, troubled, even volatile marriages can be far worse.
"While you may not want to get a divorce, forcing yourselves to stay together when you literally cannot stand your spouse is a terrible idea. The children learn terrible behaviors and find themselves choosing sides as to who is at fault for the problems in the marriage," said Kleyman.
About:
Val Kleyman is a NYC divorce lawyer and the founder of The Kleyman Law Firm. The Kleyman Law Firm is located at One Rockefeller Plaza, 11th Floor, New York, New York 10020. For more info go to www.NYC-DivorceLawyer.com, email: vkleyman@kleymanfirm.com or call 212-401-1977.
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SOURCE Kleyman Law Firm | https://www.wagmtv.com/prnewswire/2022/08/10/bad-ideas-try-save-your-marriage-according-nyc-divorce-lawyer/ | 2022-08-10T11:51:27Z | https://www.wagmtv.com/prnewswire/2022/08/10/bad-ideas-try-save-your-marriage-according-nyc-divorce-lawyer/ | false |
Fluidx Medical's GPX Embolic Material Yields Promising Results for Oncology Uses
SALT LAKE CITY, Aug. 10, 2022 /PRNewswire/ -- Fluidx Medical disclosed study results examining extent of vessel filling using the GPX Embolic Device compared to microspheres, a common treatment for many types of tumors.
Embolization is a procedure in which arterial or venous blood supply to an organ, malformation, aneurysm, bleed, tumor, and/or other abnormal area of issue is blocked. Metal coils, microsphere particles, and/or liquids are common embolics delivered through small 0.5mm – 1.5mm outer diameter 100 – 150cm long catheters.
"GPX is demonstrating deep distal vessel penetration," said Ryan O'Hara, M.D., Interventional Oncologist, University of Utah. "The ability to fill the smallest tumor feeding vessels and reach distal vessel beds is very important in effective treatment of hypervascular tumors and in other therapeutic embolic procedures."
Embolizing blood supply to tumors is a high-growth procedure to block blood supply to certain tumors. Transarterial chemoembolization (TACE) includes delivering chemotherapy with embolization. Tumor embolization may also be performed prior to resection.
"GPX exhibited effective and thorough embolization throughout the renal cortical vasculature," according to a pathology assessment conducted by study pathologist James Stanley, DVM, MS, DACVP. "GPX filled the smallest arteries/arterioles of the distal cortex which was not observed with 40-micron microspheres."
GPX and microspheres were studied in selected small branches of renal arteries. The GPX Embolic Device was found to fill vessels more completely and penetrate deeper into smaller vessel beds than the smallest microspheres commonly used for tumor treatments.
"The extent of distal penetration of GPX, combined with its potential as a drug-loadable oncology solution, make this a unique technology with an exciting future in advancing cancer care," said Danny Smith, Vice President of R&D.
The GPX Embolic Device is an innovative embolic designed for simple preparation and controllable material delivery. The device is packaged ready-to-use in a syringe, can be prepped tableside by the clinician in about 30 seconds, and may be delivered through standard microcatheters (no complex mixing systems or special delivery catheters are necessary). GPX technology is a low viscosity, aqueous-based solution in a syringe that solidifies into a durable embolus upon delivery without polymerization or dimethyl-sulfoxide (DMSO) precipitation. GPX is designed to be highly visible and to occlude blood vessels independent of a patient's coagulation situation.*
Fluidx Medical Technology is a Salt Lake City, Utah based company focused on developing the GPX Embolic Device and other embolic technologies with applications across peripheral vascular, interventional oncology, and neurovascular.
The GPX Embolic Device is under development and does not have marketing clearance or approval in any market at this time. For investigational use (in New Zealand) only.
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SOURCE Fluidx Medical Technology | https://www.kswo.com/prnewswire/2022/08/10/new-embolic-device-demonstrates-superior-vessel-filling-tumor-models/ | 2022-08-10T11:55:48Z | https://www.kswo.com/prnewswire/2022/08/10/new-embolic-device-demonstrates-superior-vessel-filling-tumor-models/ | false |
Domino's thought the pandemic would give them a boost because Italian restaurants typically don't deliver. But restaurants there embraced new takeout and delivery services.
Copyright 2022 NPR
Domino's thought the pandemic would give them a boost because Italian restaurants typically don't deliver. But restaurants there embraced new takeout and delivery services.
Copyright 2022 NPR | https://www.wlrn.org/2022-08-10/dominos-pizza-is-closing-the-doors-to-its-last-store-in-italy | 2022-08-10T11:55:51Z | https://www.wlrn.org/2022-08-10/dominos-pizza-is-closing-the-doors-to-its-last-store-in-italy | true |
When Florida Gov. Ron DeSantis recently tweeted an image of what he said was a new state license plate featuring a coiled rattlesnake and the words "Don't Tread on Me," he said it sends a "clear message to out-of-state cars."
The imagery of the Revolutionary War-era Gadsden flag dates to Benjamin Franklin but has, for many, come to symbolize a far-right extremist ideology and the "Stop the Steal" movement that sought to overturn the 2020 presidential election results.
"'Love, love, love' Florida Gov. DeSantis new license plate; 'Don't Tread on Me!'" one Twitter user said. "This is how we feel about our great country..that is right now being systematically destroyed by the radical Left."
But such plates have gotten push back, not only in Florida, but in states such as Kansas, Missouri and Virginia, where similar plates have been available, in some cases for years, as fundraising tools for various organizations.
"The state can't claim a lack of knowledge about what this image represents to most of the public," says Rachel Carroll Rivas, deputy director of research and analysis for the Intelligence Project at the Southern Poverty Law Center.
She says it's become clear that the flag has been used for some "really awful" causes, most notably the Jan. 6 insurrection at the U.S. Capitol, where violent protesters attacked police as part of an effort to overturn the results of the 2020 presidential election.
Carroll Rivas compares it to a similar controversy over the use of the Confederate "stars and bars" flag on license plates. In 2009, the group Confederate Veterans, Inc., requested the flag on a specialty license plate, but Texas refused. The veterans group sued, and the case ultimately went to the Supreme Court. In 2015, in a 5-4 decision, the court held that such specialty plates (not to be confused with "vanity plates") were government speech and therefore states have the right to pick and choose what goes on them.
The long history of 'Don't tread on me'
Benjamin Franklin was the first to use the rattlesnake as a symbol of defiance against the British crown, says Marc Leepson, a journalist, historian and author of Flag: An American Biography. In 1775, Christopher Gadsden, a South Carolina politician, "took that menacing rattle rattlesnake and put it on the flag," Leepson says.
"One thing we can say about its origins, regardless of how it's used or who uses it or why it's used today, is that it really was just completely an anti-British [and] anti-colonial symbol," he says.
The journalist Rob Walker, writing in The New Yorker in 2016, said, "The Gadsden design remained something of a Revolutionary relic for many years." However, "[by] the nineteen-seventies, it had some popularity in Libertarian circles, as a symbol of ideological enthusiasm for minimal government and the rights of individuals."
Then came the Tea Party movement, which adopted the banner in 2010 as a sort of catch-all symbol of disgust with government. Since then, it has gone on to become a symbol for anti-government groups and individuals.
Extreme or not, First Amendment scholars such as Eugene Volokh of the University of Southern California say the Gadsden flag and the "Don't Tread on Me" motto are legitimate — and protected — speech, whether they are on a flag waving inside the besieged U.S. Capitol or on a vehicle license plate heading down a Florida highway.
"We know that some people are upset by that slogan," Volokh says. But, "the government is perfectly entitled to take controversial stands or in this case stands that have become newly controversial because some very small group of people have ended up using a symbol for purposes that are very different" from what it originally signified.
Plates in other states are also political
Other political and potentially controversial slogans routinely appear on license plates across the country, says Matt Dallek, a political historian at George Washington University's Graduate School of Political Management.
"I've seen some 'Live free or die' license plates in New Hampshire, which of course has been the state motto for decades," Dallek says. "You could argue that that certainly is a political statement" with a "fairly strong libertarian streak." District of Columbia plates, which have long sported the colonial-era rallying cry "No taxation without representation" are also in that vein, he says.
"But I think that 'Don't Tread on Me' has different, more extreme connotations, and therefore is more political and certainly is much more politicized," Dallek adds.
Politicized plates are available for other hot-button issues, as well. For example, "Trust Women/Respect Choice" is an option in Virginia, just as "Choose Life" is available on plates in Nebraska.
In the states where "Don't Tread on Me" plates have been introduced, they appear to be top sellers. And that's good news for the Florida Veterans Foundation, a veterans' advocacy group that stands to get $25 per Gadsden flag license plate.
But it hasn't been an easy road, says Chairman Dennis Baker. The choice of the Gadsden flag was made not by the group, but by a lawmaker pushing for the fundraising plate in 2019. "I think it was because other states were having such good success with it," he says.
He says the money the foundation hoped to raise could go a long way toward helping Florida veterans.
"Then January 6th happened and it was like, 'oh, s***,'" he says. By then it was too late, because Florida's legislature had already approved the design.
Baker explains that a minimum threshold of 3,000 plates must be preordered before the state will begin producing them. The Gadsden plate approved for the foundation had been languishing, but got a sudden boost after Gov. DeSantis' tweet last month, he says.
"I'm sure there's going to be at least a million people" who will now order one, says Baker. "I'm thinking there's that many people in Florida who would like to have the plate."
Kansas adopted the plate after Jan. 6 and despite the governor's veto
While Florida introduced the plate design in 2019, Virginia and Missouri did so a decade ago. Kansas approved the "Don't Tread on Me" plates only weeks after the Jan. 6, 2021 insurrection, when television images of rioters waving the flag were still fresh.
Democrat Dinah Sykes, minority leader in the Kansas Senate, opposed the measure when it came up for a vote in March of last year. "Whatever the original symbology of [the Gadsden flag] was ... I think a lot of people would argue that it's become a symbol of the people who marched on the Capitol," she says.
The plate design, meant to raise funds for the Kansas State Rifle Association, was subsequently vetoed by Kansas Gov. Laura Kelly, a Democrat, before the Republican-controlled legislature overrode it.
"I don't think it's appropriate," says Sykes, who is the Kansas Senate minority leader. "When I see that, whether it's a flag or a license plate ... it's not a good feeling for me."
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.wlrn.org/news/2022-08-10/a-florida-license-plate-has-reopened-the-debate-over-the-dont-tread-on-me-flag | 2022-08-10T11:56:27Z | https://www.wlrn.org/news/2022-08-10/a-florida-license-plate-has-reopened-the-debate-over-the-dont-tread-on-me-flag | false |
RICHMOND, Va., Aug. 10, 2022 /PRNewswire/ -- 37th Parallel Properties ("37th Parallel"), a Richmond, VA-based multifamily real estate investment firm, is pleased to announce the recent acquisition of The Heights of Cityview, a 344-unit, 1998-built multifamily asset located in Fort Worth, Texas on behalf of their investors and joint venture partners. This marks the firm's seventh (7) acquisition in the Dallas-Fort Worth metro and twenty-seventh (27) in Texas, investing over $525 million in the state since its inception.
"We are excited to expand our Dallas-Fort Worth footprint with The Heights of Cityview acquisition, an institutional-quality asset in one of the fastest growing Fort Worth submarkets," said Dan Chamberlain, Managing Partner. "With its affordable cost of living, business-friendly climate, and record in-migration, Dallas-Fort Worth has become a top choice for corporate relocations and expansions, driving robust population and job growth. The property is strategically located in Southwest Fort Worth near the Chisholm Trail Parkway, a $1.4 billion tollway connecting the Benbrook suburbs with downtown Fort Worth. This tollway has transformed the submarket, giving residents the ability to commute within minutes to some of the city's largest economic centers," says Chamberlain.
The property features a mix of one-, two-, and three-bedroom units with large floorplans averaging 984 square feet. The all-brick construction, low-density, and direct access garages provide a neighborhood feel. Apartment and community amenities include nine and ten-foot ceilings, 116 direct-access garages, renovated leasing center, clubhouse, and fitness center, as well as a resort-style pool with poolside putting green.
"The Heights of Cityview acquisition marks a continuation of our thematic investment strategy focused on acquiring institutional, core-plus, low-density product located in dynamic submarkets within the South and Southeast's leading growth markets," said Doug Fraser, who heads the acquisition efforts for the firm. "The property has experienced significant rental growth as demand for high-quality, low-density, garden product has quickly outpaced supply, in large part due to the effects of the COVID-19 pandemic and expanded work from home policies. We look forward to continuing to expand our presence in the Dallas-Fort Worth metro as we look for attractive opportunities amid market volatility," says Fraser.
The asset will benefit from floating-rate agency debt, arranged by Cutt Ableson of Berkadia. The property will be managed on-site by RPM Living, founded in Austin, which manages over 112,000 units nationwide. 37th Parallel extends its appreciation to Taylor Hill of Institutional Property Advisors, who represented the Seller in the transaction.
37th Parallel Properties is a privately held, multifamily real estate investment firm based in Richmond, VA. Founded in 2008, 37th Parallel has acquired and managed over 6,100 units and completed transactions totaling more than $950 million across the Southeast and Texas, all while maintaining a 100% profitable track record for its family of high net worth, family office, and institutional investors.
To learn more, visit www.37parallel.com.
CONTACT
Kieran Donohue
Director, Communications
kdonohue@37parallel.com
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Monday's FBI raid on the home of former President Donald Trump — including his safe, according to Trump — has raised eyebrows and questions about what the search could indicate about a possible criminal investigation into the former president and those around him.
The raid concerned presidential records that Trump removed from the White House when he left office in January 2021, according to Christina Bobb, an attorney representing Trump.
The FBI search warrant authorized agents to seize "presidential records or any possibly classified material," Bobb said in a Tuesday interview on the Dinesh D'Souza podcast. The search took about 10 hours, she added.
The execution of the search warrant represents a significant escalation in the investigation that the Department of Justice has been quietly working on for months.
Read on for more about what the raid tells us about the legal questions at stake.
What were the records the FBI was looking for?
We don't know yet what exactly the FBI recovered in the raid. But the search is likely related to the 15 boxes of presidential documents that were removed from Mar-a-Lago earlier this year by the National Archives and Records Administration.
Some of the material recovered then was classified, Attorney General Merrick Garland confirmed in February. The records reportedly included correspondence between Trump and North Korean leader Kim Jong-Un, along with a letter addressed to Trump written by outgoing President Barack Obama.
At the time, the NARA said that representatives for Trump were continuing to "search for additional Presidential records that belong to the National Archives."
It's possible that Monday's raid was conducted to recover those remaining documents.
"The Justice Department is saying, as I read this, 'We're fed up. We don't trust you to be responsive. You're playing games with us, and we're going in and we're taking what you haven't returned, that you promised to return,' " said Stephen Gillers, a law professor at New York University.
What would the FBI have needed to get a warrant?
In short, a search warrant indicates that federal authorities have evidence of ongoing criminal activity at the location where they intend to carry out the search. Warrants are often used in situations where authorities believe a subpoena won't be effective. It is not itself a criminal charge.
Generally speaking, federal agents seeking a warrant must provide an affidavit that contains details about exactly what material they expect to seize during the search and why they believe it is at the location subject to the warrant. A judge reviews the affidavit and signs off on the warrant if they believe the details provided by the agents pass legal muster for probable cause.
"We know that this is not just a bunch of FBI agents who woke up one day and decided to go on a frolic," said Steve Vladeck, a law professor at the University of Texas.
"The more specific the affidavit that accompanies the warrant application is, the better," Vladeck said. "I would suspect that for this particular search of former President Trump's home, the affidavit was probably pretty darn specific."
Importantly, the warrant itself often contains much less information than the affidavit needed to obtain it. The affidavit is typically not made public. A warrant may not say what the suspected crime is, or which person is suspected of committing it.
Who would have had to sign off on this search?
On paper, the standards of federal search warrants are the same for former presidents as they are for ordinary citizens.
But practically speaking, such a politically sensitive search would have to have been approved at the very highest levels of the federal justice system, experts agreed.
Besides the federal judge who approved the warrant, the raid likely needed sign-off by the director of the FBI himself — Christopher Wray, who was appointed in 2017 by President Trump. Additionally, because of the sensitivity, it's likely that Attorney General Garland was involved. A spokesperson for Garland and Deputy Attorney General Lisa Monaco declined comment.
"Garland is a very cautious man. And we can be sure that he wanted to be sure that everything was done beyond criticism," Gillers said.
The White House says it was not involved in the raid. "The president and the White House learned about this FBI search from public reports. We learned just like the American public did yesterday. We did not have advance notice of this activity," said spokesperson Karine Jean-Pierre at a briefing Tuesday.
What possible crimes could be under investigation?
The DOJ has not commented about the raid or investigation. Experts pointed to at least two possible issues that could be under criminal investigation.
One would be the federal statutes that concern the handling of classified material, like some of the records recovered from Mar-a-Lago earlier this year.
"It's a very serious issue when information like this is mishandled," former federal prosecutor Brandon Van Grack told NPR in February, pointing to a federal law that prohibits the unauthorized removal and retention of classified documents. "On its face, if these were top-secret documents and they were not declassified, then they were mishandled."
The second issue is the Presidential Records Act, a 1978 law that requires presidents to preserve all historically relevant material from their time in office — everything from phone logs and national security briefs to emails and handwritten notes — and then hand them over to the National Archives and Record Administration once they leave office.
"Most presidents understand the value of crafting and preserving their legacy, so they show more care (even if it is with a keen editorial eye) preserving their records appropriately," Lauren Harper, director of public policy and open government affairs at the National Security Archive, a nonprofit that advocates for public access to government information, said in an email.
"There has quite simply never been another president so unconcerned with how to handle their records, making the removal and subsequent search unnecessary before now," she said.
Are there any special legal protections for former presidents?
In short, no. While there are significant legal questions about whether a sitting president can be charged with a crime, the same cannot be said of former presidents.
"He really is like a regular citizen, except for the massive political implications and those cannot be understated here," said Kimberly Wehle, a former federal prosecutor who now teaches law at the University of Baltimore School of Law.
And Trump is not simply a former president — he is considering another run for the office in 2024, making him a possible election opponent for Biden, should he run again. The optics of a sitting president's administration charging an opponent cannot be ignored, experts said.
During the 2020 campaign, Biden himself acknowledged the political consequences of such an indictment. "I think it is a very, very unusual thing and probably not very — how can I say it? — good for democracy to be talking about prosecuting former presidents," he said in August 2020.
The White House repeated Tuesday that it is not involved with criminal investigations carried out by the DOJ. "The Justice Department conducts investigations independently, and we leave any law enforcement matters to them," Jean-Pierre said.
Is this unprecedented?
Essentially, yes. The residence of a former president has never been subject to a federal search warrant.
The raid is "a very big deal historically," Wehle said. On the other hand, she said, "there was no precedent for ferrying documents out of the White House this way."
(A president has previously faced criminal investigation. After President Richard Nixon resigned amid the Watergate scandal, he faced the possibility of a federal indictment and trial. Instead, President Gerald Ford pardoned him, effectively ending the investigation.)
What could this mean for Trump's prospects of running for president again?
It's hard to say.
Legally speaking, the Constitution does not prevent a run by a candidate who has been indicted or convicted of most crimes. That could include mishandling classified information or violating the Presidential Records Act.
One possible penalty for "willfully and unlawfully" mishandling public records can be found in Section 2071 of the U.S. criminal code, which calls for anyone found to have done so to be "disqualified from holding any office under the United States."
But there are questions about whether that clause could pass legal muster when it comes to running for president. The Constitution is specific about qualifications to be president and offers impeachment as a remedy to bar people from serving as president. Some legal experts have argued that Congress does not have authority to change those qualifications. The question has not been tested in court.
(The Constitution does bar people who "engaged in insurrection or rebellion" from seeking federal office, but there is not currently any indication that's what's at stake with Monday's FBI search.)
Politically speaking, the raid comes as the Jan. 6 hearings have already caused some damage to the former president's reputation. Some Republicans have expressed unease about a possible Trump 2024 run, and polls show that many Republican voters were already open to an alternative candidate.
On the other hand, Trump is still the biggest name in Republican politics. His endorsement was sought by primary candidates across the country, and in some places it appears to have made a difference.
After Monday's raid, many Republicans are rallying around Trump. Several have demanded that Wray and Garland face questioning by Congress. And House Minority Leader Kevin McCarthy pledged to investigate the DOJ's actions should Republicans retake the House in November.
NPR's Bill Chappell and NPR's Jason Breslow contributed additional reporting.
Copyright 2022 NPR. To see more, visit https://www.npr.org. | https://www.apr.org/politics-government/politics-government/2022-08-09/mystery-at-mar-a-lago-what-were-fbi-agents-looking-for-and-what-are-the-consequences | 2022-08-10T11:57:32Z | https://www.apr.org/politics-government/politics-government/2022-08-09/mystery-at-mar-a-lago-what-were-fbi-agents-looking-for-and-what-are-the-consequences | false |
Jury picked, evidence next in 2nd trial in Gov. Whitmer plot
GRAND RAPIDS, Mich. (AP) — Federal prosecutors are set to begin building their case against two men described as leaders of a 2020 scheme to kidnap Michigan Gov. Gretchen Whitmer, their second chance to get convictions after a jury couldn’t deliver a unanimous verdict last spring.
Opening statements are planned for Wednesday in federal court in Grand Rapids, in western Michigan. A jury was selected Tuesday. Some people were dismissed for health reasons or for political beliefs they couldn’t set aside.
“It’s not disqualifying to have views one way or the other,” U.S. District Judge Robert Jonker told the jury pool. “It’s disqualifying if the views become more important than what the law or the evidence is.”
Adam Fox and Barry Croft Jr. are charged with agreeing to kidnap Whitmer, a Democrat, as part of a plot to shock the country into chaos in the final days of the 2020 presidential election. They’re also charged with conspiring to use a weapon of mass destruction. Croft faces a third charge.
Two co-defendants were acquitted in April and two more pleaded guilty.
Fox, 39, lived in the Grand Rapids area and Croft, 46, is from Bear, Delaware. They regularly communicated with other anti-government extremists who were angry with Whitmer and various public officials over COVID-19 restrictions.
The jury will hear secretly recorded conversations and see text messages and social media posts favoring violence. At the same time, defense attorneys will attack the credibility of undercover FBI agents and informants who fooled the group into thinking they were allies.
The plot to kidnap Whitmer followed training in Wisconsin and Michigan and two trips to scout her second home in northern Michigan, according to evidence at the first trial.
Lawyers for Fox and Croft will argue they were shielded by the First Amendment and entrapped by the government at every turn.
Daniel Harris and Brandon Caserta were found not guilty in April. Ty Garbin and Kaleb Franks pleaded guilty and will testify again for prosecutors.
Garbin told jurors at the first trial that the goal was to cause national chaos with a kidnapping close to the election between Joe Biden and then-President Donald Trump.
Whitmer, who will not be called as a trial witness, disclosed Monday night that she tested positive for COVID-19 for the first time and was experiencing mild symptoms.
___
White reported from Detroit. Cappelletti is a corps member for the Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues.
___
Find AP’s full coverage of the Whitmer kidnap plot trial at: https://apnews.com/hub/whitmer-kidnap-plot-trial
Copyright 2022 The Associated Press. All rights reserved. | https://www.newschannel6now.com/2022/08/10/jury-picked-evidence-next-2nd-trial-gov-whitmer-plot/ | 2022-08-10T11:57:55Z | https://www.newschannel6now.com/2022/08/10/jury-picked-evidence-next-2nd-trial-gov-whitmer-plot/ | false |
COPENHAGEN, Denmark (AP) — Annual inflation in Denmark came at 8.7% last month — rising at the fastest pace since 1983 — while the figure in neighboring Norway reached 6.8%, authorities said Wednesday.
Statistics Denmark said the price of goods has increased by an average of 13.2% in the past year, the highest annual increase since February 1982, when the annual increase was the same. Within the goods category, it is to a very large extent price increases on food, electricity, fuel and gas.
In Norway, the July figures marked “a historically high price increase for food and non-alcoholic beverages,” according to Espen Kristiansen of Statistics Norway, saying there had been “an unusually strong rise in food prices.”
Over the year, the prices of food and non-alcoholic beverages rose by 10.4%. From June to July this year, they went up by 7.6%, Statistics Norway said.
“We have never previously measured a similar price increase for food from one month to the next,” Kristiansen said.
Denmark is part of the European Union but not part of the 19 countries using the euro currency, while Norway is not an EU member.
Annual inflation in the eurozone rose to a record 8.9% in July. | https://www.sfgate.com/news/article/Inflation-rises-in-Denmark-Norway-hitting-food-17363780.php | 2022-08-10T11:59:00Z | https://www.sfgate.com/news/article/Inflation-rises-in-Denmark-Norway-hitting-food-17363780.php | false |
TOKYO, Aug. 10, 2022 /PRNewswire/ --
- Despite some unfavorable factors such as a decrease in automobile unit sales due to the semiconductor supply shortage and the lockdown of Shanghai, and an increase in the cost of raw materials, consolidated operating profit for the fiscal first quarter ended June 30, 2022, amounted to 222.2 billion yen (a year-on-year decrease by 20.9 billion yen), securing operating profit margin equivalent to that of the same period last year. This was due primarily to the effect of changes in sales prices and costs, a reduction of incentives and favorable currency effects.
- Consolidated profit for the fiscal first quarter attributable to owners of the parent amounted to 149.2 billion yen (a year-on-year decrease by 73.2 billion yen), due primarily to a decrease in the share of profit of investments accounted for using the equity method in China.
- The previously announced forecast for consolidated operating profit for the current fiscal year (April 1, 2022 through March 31, 2023) was revised upward by 20 billion yen to 830 billion yen. The previously announced forecast for profit for the fiscal year attributable to owners of the parent remains the same, 710 billion yen.
- Honda will acquire its own shares, with the maximum acquisition amount of 100 billion yen, with the purposes including improving efficiency of its capital structure and implementing a flexible capital strategy.
I. Consolidated financial summary and business-by-business results for the fiscal first quarter (3 months) ended June 30, 2022
- Sales revenue: 3,829.5 billion yen (a year-on-year increase of 6.9%)
Although automobile sales decreased, consolidated sales revenue experienced a year-on-year increase due primarily to an increase in motorcycle sales and favorable currency effects. - Operating profit: 222.2 billion yen (a year-on-year decrease of 8.6%)
- Profit for the period attributable to owners of the parent: 149.2 billion yen (a year-on-year decrease of 32.9%)
1) Motorcycle business
Sales revenue: 676.0 billion yen (a year-on-year increase of 30.5%)
Increase due primarily to a sales increase in Asia and favorable currency effects.
Operating profit: 97.8 billion yen (a year-on-year increase of 21.2%)
Increase due primarily to an increase in profit related to changes in sales prices and costs and favorable currency effects.
2) Automobile business
Sales revenue: 2,328.1 billion yen (a year-on-year increase of 3.4%)
Although sales decreased mainly in North America, sales revenue experienced a year-on-year increase due primarily to favorable currency effects.
Operating profit: 38.2 billion yen (a year-on-year decrease of 45.9%)
Decrease due primarily to a decrease in profit attributable to sales impacts.
Combined with operating profit from financial services business related to automobile sales, the estimated operating profit for automobile business is 113.9 billion yen.
3) Financial Services business
Operating profit: 78.8 billion yen (a year-on-year decrease of 14.5%)
Decrease due primarily to a decrease in profit due to lower revenue.
4) Power Product and Other businesses
Operating profit: 7.3 billion yen (a year-on-year increase of 7.7 billion yen)
Aircraft/aircraft engine business, which is included in "Other businesses," accounted for an operating loss of 3.8 billion yen.
II. Forecasts for the Fiscal Year Ending March 31, 2023 (FY23)
- Sales revenue: 16,750 billion yen
(upward revision of the previously announced forecast by 500 billion yen)
- Operating profit: 830 billion yen
(upward revision of the previously announced forecast by 20 billion yen)
- Profit for the fiscal year attributable to owners of the parent: 710 billion yen
(no change from the previously announced forecast)
III. Acquisition of the Company's Own Shares
For the purpose of improving efficiency of its capital structure and implementing a flexible capital strategy, among others, Honda resolved the following details regarding the acquisition of its own shares at the Board of Directors meeting held today.
Consolidated Financial Results for the Fiscal 1st Quarter ended June 30, 2022
Forecasts for the Fiscal Year Ending March 31, 2023 (FY23)
For Additional Information, please visit;
https://global.honda/investors/library/financialresult.html
SOURCE: Honda Motor Co., Ltd
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SOURCE Honda Motor Co., Ltd. | https://www.cleveland19.com/prnewswire/2022/08/10/honda-motor-co-ltd-hmcnyse-announced-its-consolidated-financial-summary-fiscal-1st-quarter-ended-june-30-2022-forecasts-fiscal-year-ending-march-31-2023/ | 2022-08-10T11:59:10Z | https://www.cleveland19.com/prnewswire/2022/08/10/honda-motor-co-ltd-hmcnyse-announced-its-consolidated-financial-summary-fiscal-1st-quarter-ended-june-30-2022-forecasts-fiscal-year-ending-march-31-2023/ | false |
REVEALED: Darren Fletcher watched Watford winger Ismaila Sarr net stunning halfway line strike at West Brom on Monday as Man United widen the net in bid to bolster their attack
- Manchester United's Darren Fletcher was at West Brom's 1-1 draw with Watford
- The technical director was there to keep an eye on the Hornets' Ismaila Sarr
- Sarr scored one of the goals of the season - netting from inside his own half
- The Red Devils are eager to get a number of signings over the line in the window
Manchester United's technical director Darren Fletcher was at the Hawthorns on Monday night to watch Watford's Ismaila Sarr - who went on to score one of the goals of the season.
The Senegalese winger made headlines as he broke the deadlock from inside his own half, just ten minutes into the Championship game - after catching West Brom's David Button off his line.
The goal could now prove to have a bigger impact than just a viral clip on social media - with United contemplating a summer move for the 24-year-old wide-man.
Manchester United's Darren Fletcher watched West Brom's 1-1 draw with Watford on Monday
Fletcher was there to keep an eye on Watford and Senegal winger Ismaila Sarr (pictured)
Fletcher, who spent 13 seasons playing at Old Trafford before becoming technical director this year, was sent to the West Midlands to continue United's assessment of the Watford winger.
The Red Devils have made it clear that they are not finished with their summer transfer business and are compiling a shortlist of names that they hope to secure before the end of the window.
Sarr has not done his chances over a potential move to Manchester any harm, with his sensational goal putting any potential suitors on red alert.
In the game, the Senegalese international collected the ball and saw Button standing outside of his penalty area. Without barely a second thought, he unleashed a remarkable effort that left the keeper looking rather sheepish.
During the game, Sarr scored one of the goals of the season - netting from inside his own half
The 24-year-old caught Albion's David Button off his line to open the scoring inside 12 minutes
Watford would likely be reluctant to sell their No. 23 this summer as they look to secure an immediate return to the Premier League.
Sarr will be seen as a major part of their plans this year, having registered 13 goals and five assists in their 2020-21 campaign - the last time they were in the Championship.
All-in-all, he's netted 25 goals in 94 appearances since his club-record move from Rennes in 2019 and was part of Senegal's AFCON winning side earlier this calendar year.
Sarr wheels away in celebration during Senegal's AFCON quarter-final against Guinea
Sarr isn't the only player spearheading United's transfer target list - with the club also making movements to sign Juventus' Adrian Rabiot and Bologna's Marko Arnautovic this week.
Rabiot's move looks close to completion whereas their pursuit of Arnautovic looks to have come to an end following the Italian club's valuation of the Austrian.
Their desperate search for a forward has reportedly led them to register an interest in PSV winger Cody Gakpo as well this week.
Manchester United have reportedly agreed a £15m fee for Juventus midfielder Adrien Rabiot | https://www.dailymail.co.uk/sport/football/article-11098701/Manchester-United-chief-Darren-Fletcher-watched-Watford-star-Ismaila-Sarr-Monday.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-10T12:00:43Z | https://www.dailymail.co.uk/sport/football/article-11098701/Manchester-United-chief-Darren-Fletcher-watched-Watford-star-Ismaila-Sarr-Monday.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | true |
TORONTO, Aug. 10, 2022 /PRNewswire/ - Think Research Corporation (TSXV: THNK) (OTCQB: THKKF) ("Think" or the "Company") a healthcare technology company focused on transforming healthcare through knowledge-based digital health software solutions today announced the results of its August 2, 2022 Annual General Meeting (the "Meeting") of shareholders.
The Company is pleased to announce the following 7 directors have been re-elected to Think's Board of Directors: Sachin Aggarwal, Cindy Gray, Eric Hoskins, Barry Reiter, Abe Schwartz, Kirstine Stewart and Richard Wells.
At the Meeting, Think's shareholders also voted in favour of the appointment of Ernst & Young LLP, Chartered Accountants, as Think's auditor.
Think's shareholders ratified and approved the amendment of the Company's omnibus long-term incentive plan (the "Plan") as described in Think's management information circular dated June 22, 2022. The Plan is a rolling 10% plan, which as of August 2, 2022 has a total of 6,022,128 issuable under the Plan, of which 4,707,091 are subject to existing awards under the Plan. Final acceptance of the Plan by the TSX Venture Exchange is pending.
Think is an industry leader in delivering knowledge-based digital healthcare software solutions. The Company's focused mission is to organize the world's health knowledge so everyone gets the best care. Its evidence-based healthcare technology solutions support the clinical decision-making process, standardize care, and improve patient outcomes. For over a decade, Think's cloud-based, EMR-agnostic digital tools have empowered clinicians around the world and positively impacted millions of patients across the continuum of care – including primary physician care, acute care hospitals and surgical suites as well as community and seniors' care. Think is proud to serve as a trusted health system partner to a rapidly growing, global client base that spans five continents across more than 13,000 healthcare facilities, with a clinical audience of over 300,000 doctors, nurses and pharmacists. Visit: www.thinkresearch.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information: https://www.thinkresearch.com/ca/investors/
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SOURCE Think Research Corporation | https://www.cleveland19.com/prnewswire/2022/08/10/think-research-announces-results-annual-general-meeting-shareholders/ | 2022-08-10T12:01:33Z | https://www.cleveland19.com/prnewswire/2022/08/10/think-research-announces-results-annual-general-meeting-shareholders/ | false |
Army: 2 soldiers dead in weather-related incident in north Georgia
Published: Aug. 10, 2022 at 7:21 AM EDT|Updated: 39 minutes ago
FORT BENNING, Ga. (WGCL/Gray News) - Two Fort Benning soldiers died Tuesday in what Army officials call a weather-related incident.
According to the U.S. Army Maneuver Center of Excellence, the incident happened at Yonah Mountain near Dahlonega.
Three other service members were injured and taken to the hospital, according to the U.S. Army Maneuver Center of Excellence.
The names of the soldiers that were killed and injured have not been released.
Copyright 2022 WGCL via Gray Media Group, Inc. All rights reserved. | https://www.wkyt.com/2022/08/10/army-2-soldiers-dead-weather-related-incident-north-georgia/ | 2022-08-10T12:01:41Z | https://www.wkyt.com/2022/08/10/army-2-soldiers-dead-weather-related-incident-north-georgia/ | false |
--Company to Host Conference Call August 15th, 2022, at 8:30AM ET---
RADNOR, Pa., Aug. 10, 2022 /PRNewswire/ -- NRx Pharmaceuticals, Inc. (Nasdaq: NRXP) ("NRx Pharmaceuticals", the "Company"), a clinical-stage, biopharmaceutical company today announced that management will report second quarter 2022 financial results prior to the market open on August 15, 2022. The company will host a conference call and webcast on August 15, 2022, 8:30AM Eastern Time to discuss its results and provide a clinical and corporate update. Management will host the call, followed by a question-and-answer period. Investors interested in submitting questions must do so in advance of the call and are encouraged to email questions to the Company's investor relations representative at rsheffield@nrxpharma.com by 4:00 PM Eastern Time on Friday, August 12, 2022.
Investors and the general public are invited to listen to a live audio webcast of the conference call, which may be accessed five minutes prior to the start of the call by dialing (844) 826-3033 (U.S.), (412)317-5185 (International) Conference ID: 13729829, or through the webcast link NRx Pharmaceuticals Second Quarter 2022 Earnings Call. A replay will be available from the NRx Pharmaceuticals website following the call at www.nrxpharma.com.
NRx Pharmaceuticals, Inc. draws upon decades of collective, scientific, and drug-development experience applying innovative science to known molecules to address very high unmet needs and bring improved health to patients. NRx Pharmaceuticals is led by executives who have held leadership roles at Lilly, Pfizer, and Novartis as well as major investment banking institutions.
This announcement of NRx Pharmaceuticals, Inc. includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995, which may include, but are not limited to, statements regarding our financial outlook, product development, business prospects, and market and industry trends and conditions, as well as the Company's strategies, plans, objectives, and goals. These forward-looking statements are based on current beliefs, expectations, estimates, forecasts, and projections of, as well as assumptions made by, and information currently available to, the Company's management.
The Company assumes no obligation to revise any forward-looking statement, whether as a result of new information, future events or otherwise. Accordingly, you should not place reliance on any forward-looking statement, and all forward-looking statements are herein qualified by reference to the cautionary statements set forth above.
CORPORATE CONTACT
Molly Cogan
Sr. Director, Global Communications
mcogan@nrxpharma.com
INVESTOR RELATIONS
Tim McCarthy
Investor Relations
tim@lifesciadvisors.com
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SOURCE NRx Pharmaceuticals, Inc. | https://www.kmvt.com/prnewswire/2022/08/10/nrx-pharmaceuticals-report-second-quarter-2022-results-august-15-2022/ | 2022-08-10T12:04:51Z | https://www.kmvt.com/prnewswire/2022/08/10/nrx-pharmaceuticals-report-second-quarter-2022-results-august-15-2022/ | false |
Making the [New York] City & State 2022 Construction Power 100 is no easy feat. Deborah Bradley, president of Deborah Bradley Construction & Management Services (DBC), did it by building solid relationships, participating in mentorship programs, leveraging minority- and women-owned (M/WBE) certification programs, and her ability to learn on the job fast and well.
Bradley's path into the construction industry was accidental and rocky. She worked for Deloitte Touche as a CPA before moving to New York to go to Columbia Business School for her MBA.
She worked her way through school. But, when she needed surgery to get tumors removed from her ovaries, the small finance firm she worked for fired her. Having $150,000 of school debt, she didn't have the money nor the inclination to sue.
However, her firing was a clarion call. It was the early 1990s and corporations didn't have parental-leave policies or the facilities to pump breastmilk at work that Bradley wanted so she could be the mother she wanted to be. Bradley wanted to breastfeed her children at work. To have that flexibility, she had to start her own company.
Bradley had some business ideas, but then an unexpected opportunity knocked. She was living in Columbia housing and the superintendent for her building came to fix something in her apartment. He asked her for help. The company he worked for had gone belly up and he would lose his job.
Bradley spoke to real estate agents who managed Columbia-owned properties to get the lay of the land. She started DBC in 1993, and the rest, as they say, is history.
With no money, she used a life insurance policy as collateral to borrow $2,000 for insurance for her new company, buying a used truck, and supplies. The superintendent knew everyone and the phone started ringing.
But all was not right. DBC's books didn't look right to Bradley. The guy she was helping was embezzling money from her. She fired him and hired someone who still works for her today.
To learn about the construction industry, Bradley went on site to understand residential construction projects, from plumbing to electrical wiring, from the field. She was a fast learner.
Bradley learned about the NYC School Construction Authority (SCA) mentorship program through the grapevine. She applied and got in, and it was back to learning the basics in a new part of the industry.
Bradley had to learn how to estimate projects and manage large-scale institutional projects. Her mentor was TDX Construction. "They taught me the ins and outs of working with SCA," she said. They still team together on big projects.
It wasn't always smooth sailing. There was a lot Bradley didn't know. "But if you tell me once, that's all you have to do," she said. "I'll do it right after that."
Bradley learned a lot and made lifelong business relationships. "The [SCA] model of earn-and-learn is a great one," she said. Classroom learning can't compete.
SCA's also had a graduate mentor program that covers bonding, insurance, and keeping your financial house in order. She applied and got into it. A contract bond—aka construction surety bond or contractor bond—guarantees the performance of obligations under a contract. Bradley's company had a bond for $2 million, but, to win more significant projects, she needed a bigger bond.
Bradley shopped around with no success until she met with one of the owners of USA Insurance. He asked about her background, which gave him the confidence to give her company a $6 million bond. "This enabled us to apply for and win bigger projects," said Bradley. "I won six projects."
"I found out about the SBA 504 loan program," said Bradley. It can be used to purchase and improve the property, and to buy machinery and equipment. She purchased a property in Harlem, where her office is still located.
Diversification has been key to the construction company's growth. DBC does general contracting; electrical contracting; construction management services; and capacity building, mentoring, and field supervision in these industries:
- Education, including K-12 and higher education
- Emergency & Rapid Response
- Corrections and Justice
- Health & Life Sciences, including hospitals. healthcare facilities and laboratories
- Green Infrastructure & Resiliency
- Parks and Recreation
- Transportation (Transit and Aviation) & Infrastructure
- Utilities & Energy
Bradley now has women-owned certifications with NY City and State agencies, federal agencies, and corporations. She leverages them all.
Still, growth hasn't been a straight line. Bradley's company nearly went bankrupt twice. The first time was when construction projects in Manhattan shut down after 9/11. The second time was caused by the Financial Crisis, which for the construction industry lasted from 2008 through 2014. "We slowly crawled back," said Bradley.
By the time the Covid-19 pandemic happened, she had built a safety net and had more resilience. PPP loans and Covid-19 emergency projects also helped. "NYC wanted to work with as many M/WBEs [NYC certified minority- and women-owned businesses] as possible," said Bradley. "We end up with a fair number of emergency projects."
Finding skilled workers is an ongoing challenge. The construction industry has an aging population and the next generation doesn't have the necessary trade skills.
As others have helped others, she helps those starting and growing their business. Bradley loves mentoring. "I love to mentor," she said. "I never want anybody to go through the challenges I faced without having somebody to ask questions to."
She helped start the Women Builders Council and is a past president and on the executive board. She mentors for SCA, Metropolitan Transportation Authority (MTA)—which is responsible for public transportation in the New York City metropolitan area—NYC Department of Small Business Services (SBS). I met Bradley through the SBS M/WBE Mentorship program, which my company manages.
How will you take advantage of mentorship opportunities? | https://www.forbes.com/sites/geristengel/2022/08/10/relationships-mentorship-and-certification-help-a-woman-owned-construction-firm-grow/ | 2022-08-10T12:05:17Z | https://www.forbes.com/sites/geristengel/2022/08/10/relationships-mentorship-and-certification-help-a-woman-owned-construction-firm-grow/ | false |
(The Hill) — President Joe Biden is in a tough spot following the FBI’s search of former President Donald Trump’s Mar-a-Lago residence, facing a delicate dance of handling the situation while steadfastly appearing not to politically taint the Department of Justice (DOJ).
Republican lawmakers almost immediately lashed out at Biden following news of the search, which was shared by Trump himself, raising questions about how soon the former president might announce he’s running again in 2024. It comes as Biden navigates skepticism within his own party about whether he should seek reelection — a potential repeat match-up of 2020.
The White House insisted on Tuesday that Biden had no advance notice of the FBI search in Florida the day before, telling reporters that he learned of it through public reports and distancing itself from the DOJ’s investigation into Trump.
“The president and the White House learned about this FBI search from public reports. We learned just like the American public did yesterday, and we did not have advance notice of this activity,” White House press secretary Karine Jean-Pierre said.
She described Biden as completely uninvolved, stressing the president believes the DOJ should conduct its investigations independently.
Democratic strategists argued that is the White House’s best move.
“Unlike Trump, who explicitly politicized the DOJ, and every Republican who cheered him on as they now cry crocodile tears, Biden is doing the right thing by letting the DOJ and FBI — whose director is a lifelong Republican appointed by Trump — do their job without notice to or direction from the White House,” said Democratic strategist Eddie Vale.
The dramatic step by the FBI, which is run by Trump appointee Christopher Wray, in searching the former president’s Mar-a-Lago estate has increased speculation that Trump is in legal jeopardy. The search was reportedly focused on the retention of classified materials and came after the FBI secured a search warrant from a federal magistrate judge.
Trump has decried the situation as politically motivated. As news of the search broke Monday night, the White House would only say that it “did not have notice of the reported action.”
Republican strategist Doug Heye argued that the president’s best strategy is to avoid politicizing the operation to show the differences between Biden and Trump.
“Biden should resist acting as Trump did in politicizing the Department of Justice and FBI and remain above the fray. And he should make that clear every opportunity he gets,” Heye said.
One Democratic strategist said all Biden has to do is “get out of the way.”
“Get out of the way and stay out of the way and let him implode,” the strategist said. “He was bound to implode sooner or later. All the better now while Biden is gaining wins.”
A Democratic donor agreed, adding that the White House should keep quiet.
“Sometimes silence says it all,” the donor said. “Silence is the way to go.”
The search comes as speculation grows over whether — and when — Trump will announce his candidacy in 2024 and whether Biden will be too old if he runs in the next presidential election cycle.
Biden said in an interview that month that he wouldn’t be disappointed if 2024 was a rematch between himself and Trump.
Biden will be 81 years old in 2024. Last month, Democratic Rep. Dean Phillips (Minn.) said he would not support Biden if he ran for reelection.
Other Democrats have dodged the question entirely.
“Is the timing of this event politically awkward? Sure. With Trump around, it always will be. Nonetheless, the FBI and the Justice Department must do their work despite the political environment,” said former Rep. Chris Carney (D-Pa.), a Biden ally.
“Regardless of the fact we are in a highly charged political environment, the Justice Department still has a job to do. The accused will always cry ‘political persecution.’ It’s noteworthy that FBI Director Christopher Wray, a Trump appointee, saw enough evidence to pursue the warrant,” he added.
Many Republicans blamed Biden himself for the search, suggesting that he was using the DOJ to go after a political opponent. When asked how the White House might combat this message — and address how much of the American public might actually believe that — Jean-Pierre continued to refuse to comment, saying she would not talk about any investigation by the DOJ.
Some Republican lawmakers Monday night invoked the president’s son Hunter Biden, who is under federal investigation for his worldwide business dealings, suggesting that federal authorities had not been probing that matter as intensely as Trump’s.
But the White House has doubled down on its approach to remove President Biden from the Trump situation, saying he had not been briefed on the search as of Tuesday and insisted on not getting dragged into it.
Jean-Pierre on Tuesday also would not reveal whether Attorney General Merrick Garland signed off on the search or say if the president had spoken to Garland, whom he appointed.
Heye argued that given the distrust of the DOJ and the FBI that was largely established under Trump, someone in the current administration should answer lingering questions about the search.
”It’s critical that Garland and/or Wray answer whatever questions they can as soon as possible,” Heye said.
Despite many unanswered questions and outrage from Trump and his allies, Democratic strategist Joel Payne suggested the president should stay “above the fray.”
“President Biden does not have to lean into this news,” Payne said. “It tells its story organically. The contrast is clear between the two men, for better and worse.”
Amie Parnes contributed to this report. | https://cbs4indy.com/news/national-world/biden-in-a-tough-spot-on-trump-after-fbi-mar-a-lago-search/ | 2022-08-10T12:06:08Z | https://cbs4indy.com/news/national-world/biden-in-a-tough-spot-on-trump-after-fbi-mar-a-lago-search/ | false |
Army: 2 soldiers dead in weather-related incident in north Georgia
Published: Aug. 10, 2022 at 4:21 AM MST|Updated: 48 minutes ago
FORT BENNING, Ga. (WGCL/Gray News) - Two Fort Benning soldiers died Tuesday in what Army officials call a weather-related incident.
According to the U.S. Army Maneuver Center of Excellence, the incident happened at Yonah Mountain near Dahlonega.
Three other service members were injured and taken to the hospital, according to the U.S. Army Maneuver Center of Excellence.
The names of the soldiers that were killed and injured have not been released.
Copyright 2022 WGCL via Gray Media Group, Inc. All rights reserved. | https://www.azfamily.com/2022/08/10/army-2-soldiers-dead-weather-related-incident-north-georgia/ | 2022-08-10T12:10:29Z | https://www.azfamily.com/2022/08/10/army-2-soldiers-dead-weather-related-incident-north-georgia/ | false |
Good Morning Central Coast!
Conditions to start off your Wednesday are looking good, some cloud cover and dense fog is still sticking around along the western beaches and some coastal valleys but overall is not too dense.
Locally, temps have been up and down the last couple days but now a direction will develop for the rest of the week: warmer (away from the ocean). Triple digits are possible inland once again.
A trough of low pressure rolled thru the jet stream off to our west and lowered the high pressure locally. As a result, interior highs dropped a few degrees today but we'll quickly get that back Wednesday as high pressure backs into California from the desert SW. Over several days this will be enough to push interior highs back over 100.
The deeper coastal valleys will also see a slow uptick on temps but the closer to the actual water you get the more minor these temperature changes will be due to increased marine influence muting the temperature change.
The generally warm to hot weather lingers into next week in the interior.
Long-range models continue to advertise a much further west movement of the western ridge in the 8-14 day outlook which will warm things up for the second half of the month and possibly bring monsoon instability all the way west to the Central Coast, though the Climate Prediction Center outlook today did place us on the western edge in the outlook released Tuesday.
Have a great day Central Coast! | https://www.ksby.com/weather/dry-weather-continues-to-warm-slightly-each-day | 2022-08-10T12:10:43Z | https://www.ksby.com/weather/dry-weather-continues-to-warm-slightly-each-day | true |
Sweet Daddy Cupcakes in Chandler boasts variety of tasty treats
CHANDLER, AZ (3TV/CBS 5) -- Tricia Arce went from retail, including working in outdoor stores and shoe stores, to the cupcake business. But before she got her start, she began in the marshmallow business!
When her grandmother passed away, she found solace in the slow and methodical process of making marshmallows. That led to her opening Toasted Mallow in Gilbert. Then one day, she got an offer she couldn’t refuse and bought Sweet Daddy Cupcakes in Chandler.
She incorporates her handmade marshmallows into the cupcakes and the drinks. She works with one of her friends, Catherine Forlasto, from their years in the retail business, who has an eye for the perfect cupcake frosting twist and thoughtfully arranges the gorgeous treats in the case to delight the eye.
Sweet Daddy Cupcakes offers a wide variety of cupcakes, cake bites, “snack cakes,” smash cakes, and more! You can even get cupcakes delivered through DoorDash — on a Sunday too! In addition, Sweet Daddy Cupcakes can make custom cakes.
Sweet Daddy Cupcakes | 480-508-5659 | 1055 S. Arizona Avenue Unit 7 Chandler. AZ 85286 | sweetdaddycupcakes.com | Facebook: https://www.facebook.com/sweetdaddycupcakes | Instagram: @sweetdaddy.cupcakes
Copyright 2022 KTVK/KPHO. All rights reserved. | https://www.azfamily.com/2022/08/10/sweet-daddy-cupcakes-chandler-boasts-variety-tasty-treats/ | 2022-08-10T12:10:51Z | https://www.azfamily.com/2022/08/10/sweet-daddy-cupcakes-chandler-boasts-variety-tasty-treats/ | false |
- Delivered 45% year-over-year revenue growth to $33.1 million on an as-reported basis
- CTV accounted for 50% of the volume of all video impressions served
- TV measurement accounted for 22% of all revenue
- Launched InnovidXP – the first cross-platform TV measurement solution powered by ad serving data and creative personalization
NEW YORK, Aug. 10, 2022 /PRNewswire/ -- Innovid Corp. (NYSE:CTV) (the "Company"), an independent advertising platform for delivery, personalization and measurement of converged TV across linear, connected TV (CTV) and digital, today announced financial results for the second quarter ended June 30, 2022.
"Innovid delivered a strong second quarter with 45% year-over-year revenue growth, as CTV revenue continued to grow. We achieved a critical milestone in our mission to fulfill the future of TV measurement with the launch of our converged TV measurement solution, InnovidXP, following the strategic acquisition of TVSquared" said Zvika Netter, Co-Founder and CEO. "Our joint teams and solutions have been realigned to introduce a unified first-to-market global cross-platform measurement solution, directly integrated with ad serving data. Measurement revenue grew significantly this past quarter and we expect InnovidXP to be a driving force for our growth story moving forward."
(All comparisons are to the second quarter of 2021)
• Revenue grew to $33.1 million for the combined business, reflecting an increase of 45% on an as-reported basis.
° TVSquared business grew 31% year-over-year and contributed $6.8 million in revenue, or 21% of revenue.
° CTV accounted for 47% of revenue, excluding TVSquared, up from 45% of revenue, demonstrating 20% year-over-year growth.
• Net profit was $4.3 million or $0.03 per share.
• Adjusted EBITDA* was negative $(1.7) million, representing (5)% adjusted EBITDA margin*.
• CTV Volume Growth: CTV accounted for 50% of the volume of all video impressions served, up from 46% of volume in the second quarter of 2021, demonstrating 23% year-over-year growth.
• Cross-Platform Measurement Expansion: Launched InnovidXP, the first unified cross-platform solution directly integrated with ad serving data and creative personalization, to solve cross-platform TV measurement globally.
° New Business: Measurement accounted for 22% of revenue in the second quarter supported by new clients including several leading multinational and national restaurant chains, an international design platform, and a worldwide employment platform.
° Sell-Side Momentum: Expanded multi-year measurement partnership with Tubi, Fox's streaming service, demonstrating the power of InnovidXP for always-on incremental reach measurement across both Fox and Tubi.
• New Client Wins: Closed multiple new clients across ad serving and personalization solutions including a multinational e-commerce company, a multinational travel company, and one of the largest U.S. health insurance providers.
• International Market Adoption: Increased international revenue by 51% year-over-year on an as-reported basis, through expanded measurement coverage outside the U.S.
• Expanded Measurement Partnerships: Grew measurement footprint through strategic partnerships spanning programmatic, political, and international TV advertising.
° Programmatic CTV: Named a certified partner in Magnite's expanded measurement and attribution program, bringing currency optionality to programmatic CTV.
° Political TV Advertising: Partnered with leading ad intelligence data provider, AdImpact, to supply a unified view and real-time insights on reach, frequency, incremental reach, and outcomes, across linear and CTV.
° International Audience Measurement: Integrated within FreeWheel by Comcast's newly launched international AudienceXpress offering, allowing advertisers in Europe to buy premium TV advertising on an audience basis across all platforms.
Innovid is providing the following financial guidance for the third quarter of 2022:
• Revenue is expected to be in the range of $33 million to $35 million, reflecting 41% to 49% year-over-year growth on an as-reported basis, and 12% to 19% year-over-year growth on a pro forma basis when including TVSquared revenue.
• Adjusted EBITDA* is expected to be in the range of negative $(2) million to break even.
Innovid is providing the following updated financial guidance for the full year of 2022:
• Revenue is expected to be in the range of $127 million to $132 million including TVSquared, a year-over-year increase of approximately 41% to 46% growth on an as-reported basis, and 17% to 22% year-over-year growth on a pro forma basis when including TVSquared revenue.
• Total annual adjusted EBITDA* when accounting for the TVSquared acquisition, is expected to be negative $(6.0) million or higher.
Innovid will host a conference call and live webcast to discuss its second quarter 2022 financial results and business highlights today at 8:00 a.m. Eastern Time. Speakers will include Zvika Netter, Co-founder and Chief Executive Officer, Tanya Andreev-Kaspin, Chief Financial Officer, and Tal Chalozin, Co-founder and Chief Technology Officer. To access the conference call, dial 877-407-3211 for the U.S. or Canada, or +1-201-389-0862 for international callers. The webcast will be available live on the Investors section of the Company's website at https://investors.innovid.com/. Additionally, an archived webcast of the conference call will be made available on the Innovid website following the call.
*This is a non-GAAP measure. Refer to "Non-GAAP Measures" section below for additional information.
Innovid prepares unaudited condensed consolidated financial statements in accordance with U.S. generally accepted accounting principles ("GAAP"). Innovid also discloses and discusses non-GAAP financial measures such as Adjusted EBITDA and Adjusted EBITDA margin. Innovid believes that these measures are relevant and provide useful information to investors by providing a baseline for evaluation and comparing its operating performance against that of other companies in Innovid's industry. Adjusted EBITDA is defined as net income (loss) attributable to Innovid, excluding (1) depreciation and amortization, (2) stock-based compensation, (3) finance expense, net, (4) transaction related expenses, (5) acquisition related expenses, (6) taxes on income and (7) other one-time items. We calculate Adjusted EBITDA Margin as Adjusted EBITDA divided by total revenue.
The non-GAAP financial measures that Innovid uses may not be comparable to similarly titled measures reported by other companies. Also, in the future, Innovid may disclose different non-GAAP financial measures in order to help its investors meaningfully evaluate and compare its results of operations to its previously reported results of operations or to those of other companies in Innovid's industry. Non-GAAP financial measures should be considered in addition to, and not as a substitute for, measures of financial performance prepared in accordance with GAAP.
Innovid uses Adjusted EBITDA and Adjusted EBITDA margin as measures of operational efficiency to understand and evaluate its core business operations. Innovid believes these non-GAAP financial measures are useful to investors for period to period comparisons of its core business and for understanding and evaluating trends in its operating results on a consistent basis by excluding items that are not viewed as indicative of its core operating performance.
Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as substitutes for an analysis of our results as reported under GAAP.
Innovid has provided a reconciliation of Adjusted EBITDA to net (loss) income and Adjusted EBITDA Margin to net (loss) income margin, the most directly comparable GAAP measures, for the historical period in the appendix hereto but is not able to provide a reconciliation of the projected non-GAAP measures for the second quarter of 2022 or the full-year 2022, without unreasonable effort, due to the unknown effect, timing and potential significance of: taxes on income in multiple jurisdictions, finance expenses including valuations, and purchase price allocation yet to be finalized. These items have in the past, and may in the future, significantly affect GAAP results in a particular period.
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1996. The Company's actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," "aim," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company's expectations regarding its future financial results and expected growth. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results, including Innovid's ability to raise financing in the future, success in retaining or recruiting officers, key employees or directors, changes in applicable laws or regulations, Innovid's ability to maintain and expand relationships with advertisers, decreases and/or changes in CTV audience viewership behavior, Innovid's ability to make the right investment decisions and to innovate and develop new solutions, the accuracy of Innovid's estimates of
market opportunity, forecasts of market growth and projections of future financial performance, the extent of investment required in Innovid's sales and marketing efforts, Innovid's ability to effectively manage its growth, the impact of the Covid-19 pandemic, the risk of continued inflation and other macroeconomic events, acquisition related risks, and other important factors discussed under the caption "Risk Factors" in Innovid's Annual Report on Form 10-K filed with the SEC on March 18, 2022, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC's website at www.sec.gov and the Investors Relations section of Innovid's website at investors.innovid.com. Most of these factors are outside the Company's control and are difficult to predict. The Company cautions not to place undue reliance upon any forward-looking statements, including projections, which speak only as of the date made. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
Innovid (NYSE:CTV) powers advertising delivery, personalization, measurement and outcomes across linear, CTV and digital for some of the world's largest brands. Through a global infrastructure that enables cross-platform ad serving, data-driven creative, and currency-grade measurement, Innovid offers its clients always-on intelligence to optimize advertising investment across channels, platforms, screens, and devices. Innovid is an independent platform that leads the market in converged TV innovation, through proprietary technology and exclusive partnerships designed to reimagine TV advertising. Headquartered in New York City, Innovid serves a global client base through offices across the Americas, Europe, and Asia Pacific. To learn more, visit innovid.com or follow us on LinkedIn or Twitter.
Investor Relations:
Brinlea Johnson
ir@innovid.com
Media:
Chris Harihar
chris@crenshawcomm.com
View original content to download multimedia:
SOURCE Innovid | https://www.wcjb.com/prnewswire/2022/08/10/innovid-reports-second-quarter-2022-financial-results/ | 2022-08-10T12:13:12Z | https://www.wcjb.com/prnewswire/2022/08/10/innovid-reports-second-quarter-2022-financial-results/ | true |
MAUMEE, Ohio — Caregiving can be an essential skill, and the Toledo Lucas County Public Library (TLCPL) is offering an opportunity to learn more about it.
Offered at the Maumee branch library, the free program will provide professional instruction in the skill. Caregivers provide assistance with another person's social, medical and economic needs, among many others. The class will be taught by an instructor from Owens Community College.
When someone cannot perform certain tasks alone, a caregiver may help with several tasks crucial for daily living, including bathing and dressing, paying bills, shopping and providing transportation.
Many people serve as caregivers for aging parents, but the skill is not limited to that category; others may care for other aging friends or family members, as well as loved ones with disabilities.
The need for this skill is quite common, with around one in five Americans caring for another adult. According to the AARP, approximately 53 million Americans, or 21% of the population, provided unpaid home healthcare to an adult with health or functional needs in 2020, up from about 18% in 2015, proportional to the population.
Many of these caregivers face financial issues or difficulties with their health, and over half of them maintain a job on top of their caregiving duties. Women assume the role of caregivers at higher rates, as well. With the complexities involved in caregiving, classes like those offered by the TLCPL can potentially alleviate some of these difficulties.
Participation is free, but those interested will need to register online with their library card to secure their spot. The event takes place on Monday, Aug. 15 from 6 p.m. to 7 p.m. You can register for the event on their program calendar by clicking here and selecting "August 15" to expand that day's programming.
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WTOL 11 Weather app - https://bit.ly/37i4205 | https://www.wtol.com/article/news/education/free-caregiving-class-at-maumee-branch-library/512-36ffb153-f016-4c78-99f6-7702c72c1230 | 2022-08-10T12:22:22Z | https://www.wtol.com/article/news/education/free-caregiving-class-at-maumee-branch-library/512-36ffb153-f016-4c78-99f6-7702c72c1230 | false |
Rita Ora's close friend and hairstylist James Brown CONFIRMS she has married Taika Waititi as he congratulates couple in sweet snap
Rita Ora's close friend and hairstylist James Brown confirmed on Wednesday that she has married Taika Waititi.
The London-based hair stylist, 53, took to his Instagram Story to share a picture with the singer, 31, where he wrote in the caption: 'Congratulations Mrs Waititi Ora'.
On Monday night it was reported that Rita married director Taika, 46, in an intimate ceremony in London and has already changed her surname.
Congratulations! Rita Ora's close friend hairstylist James Brown confirmed on Wednesday that she has married Taika Waititi
In the snap shared by James the pair both posed together for a sweet selfie as Rita put her hand on his shoulder.
She looked stylish in the snap wearing a sheer black top and gold hoop earrings while James wore an edgy ripped jumper and huge glasses.
He also tagged the two stars in his post before writing 'love you' followed by red love heart emojis underneath.
Rita married Taika in an intimate ceremony in London, according to reports on Monday.
Wedding: The London-based hair stylist, 53, took to his Instagram Story to share a picture with the singer, 31, where he wrote in the caption: 'Congratulations Mrs Waititi Ora' (Rita and Taika pictured in July 2022)
The star is said to have already changed her surname and will now be known as Mrs Waititi-Ora.
The Hot Right Now hitmaker and the Thor: Love And Thunder director, 46, have both been pictured with gold bands on their ring fingers in recent days - sparking speculation they had already tied the knot.
Rita and Taika started dating in March 2021, before going public with their romance that August.
The couple got engaged two months ago, and sources now claim that they are planning a huge party to celebrate their secret wedding with friends and family.
Love: On Monday night it was reported that Rita married director Taika, 46, in an intimate ceremony in London (pictured in March 2022)
A source told The Sun: 'It was a really intimate ceremony and super special for everyone there. Their nearest and dearest can see how madly in love they are.
'Despite living in the spotlight, Rita is determined to keep the relationship as private as possible and didn't want to make a big song and dance about the wedding.
'Rita's already back in the studio working on her third album, with her latest session being with Ava Max and Noah Cyrus' writer Rollo.'
MailOnline has contacted representatives for Rita Ora and Taika Waititi for comment.
Some-ring to tell us? The singer, who sparked wedding speculation when she was seen wearing a gold band on her ring finger, has reportedly already changed her last name
In recent days Rita has done little to quash speculation that she and Taika had secretly tied the knot, after she was seen wearing a gold band on her ring finger.
She delighted fans with a photo dump on Monday as she shared sultry snaps from her recent getaway in Paris.
Rita modelled an array of dazzling outfits in the post, yet it was her jewellery that caught the eye as she was spotted wearing a gold band that matched the one Taika was also seen wearing in a previous snap.
New Zealand-born filmmaker Waititi was seen sporting a wedding band on Friday.
In an Instagram snap shared by Rita's sister Elena, Taika, 46, could be seen sporting the gold jewellery on his left finger as he enjoyed a drink in the sunshine.
Rita also uploaded the same shot to her Instagram, but the singer tellingly covered Taika's hand with her caption.
MailOnline contacted representatives for Rita and Taika for comment at the time.
It was reported in June that the couple were to wed one another after almost simultaneously popping the question.
Married man? Rita and Taika fuelled speculation that they had married after the Thor director was seen sporting a wedding band on Friday
The British singer and the filmmaker were said to be planning an imminent, low-key ceremony abroad before celebrating with their fellow A-listers in a big London bash later this year.
It is understood that Rita, who is working on several films and The Voice Australia, and Taika, who is planning a string of movies, hope to tie the knot once their work commitments have wrapped up.
A friend told The Sun: 'This isn't about them doing a big showy thing and crowing about it beforehand. It's just about them being in love and deciding the time is right to formalise their relationship. They couldn't be happier.
'They didn't do a whole, 'Will you marry me?' thing and an Instagram post.
Sizzling: Rita delighted fans with a photo dump on Monday as she shared sultry snaps from her recent getaway in Paris, with a noticeable new addition on her wedding finger
'There's no ring or big build-up. They just got closer and closer and eventually said to each other almost simultaneously, 'I want to marry you.''
In August, the couple, who began dating in March 2021 after meeting in Australia, were said to be moving so fast in their relationship they started discussing marriage, a source told New Idea.
'Taika calls Rita 'wifey' all the time and chats about how he's going to be her first and last husband,' the insider said.
'Everyone around them downplays it as flirty banter, but [Rita is] definitely hoping he's for real,' they continued, adding that she is 'absolutely obsessed' with her Thor director beau.
At the time, Rita had reportedly started joking about getting married in a 'quick, hippy-dippy' Californian ceremony, and then celebrating with a bigger party at a later date.
Taika was previously married to film producer Chelsea Winstanley, but the pair are believed to have quietly split in 2018. The pair share two daughters: Te Hinekāhu, ten, and Matewa Kiritapu, six.
In February, Rita reflected on her relationship with Taika as she shared a gushing Valentine's Day post.
The songstress thanked the director for 'being cool' as she posted a previously unseen throwback of the pair in 2018 - three years before their romance began.
In February, Rita reflected on her relationship with Taika as she shared a gushing Valentine's Day post. Before Taika, Rita romanced a string of big names, starting back in her pre-fame years.
Before either of them shot to super stardom Rita dated Bruno Mars at the age of 18, later saying: 'It was love at first sight.'
After Bruno, the singer dated reality star Rob Kardashian for two months from October 2012 before ending their brief romance due to her 'hectic work schedule' and their incompatible lifestyles.
She then had high-profile relationships with the likes of DJ Calvin Harris, musician Andrew Watt and designer Tommy Hilfiger's son Ricky. Rita has also enjoyed flings with rapper A$AP Rocky, actor Andrew Garfield and rocker Travis Barker. | https://www.dailymail.co.uk/tvshowbiz/article-11098779/Rita-Oras-close-friend-CONFIRMS-married-Taika-Waititi.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-10T12:22:26Z | https://www.dailymail.co.uk/tvshowbiz/article-11098779/Rita-Oras-close-friend-CONFIRMS-married-Taika-Waititi.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false |
(The Hill) — Tuesday’s primaries in Wisconsin, Minnesota, Vermont and Connecticut saw victories for Trump-endorsed candidates in the GOP, wins for progressives on the Democratic side of the aisle, and a few history-making moments as well.
Former President Donald Trump and progressive Sen. Bernie Sanders (I-Vt.) touted their endorsed candidates’ victories, while Democrats in Vermont put the state on track to send its first woman representative to Capitol Hill.
Here are five takeaways from Tuesday’s primaries.
A good night for Trump-backed candidates
Trump saw a number of victories on Tuesday, marking a second successful week in a row for the power of his endorsement.
In Wisconsin, Trump-endorsed businessman Tim Michels defeated his GOP gubernatorial primary opponent, former Lt. Gov. Rebecca Kleefisch, who had the backing of former Vice President Mike Pence. If he wins, Michels will take on the incumbent Gov. Tony Evers (D), who is thought to be one of the most vulnerable Democratic governors going into November’s midterms.
Meanwhile, in Vermont, retired U.S. Army officer Gerald Malloy was projected to win the state’s GOP Senate primary. And in Connecticut’s Republican Senate primary, Trump-backed Leora Levy handily won her primary by roughly 10 points. However, both will likely face uphill battles in the two New England liberal strongholds.
Tuesday night’s results were reminiscent of last week’s primaries in states like Arizona, where Trump’s favored candidates also did well. Wisconsin, for example, was yet another example of Trump winning out over the GOP establishment, much like he did in the Grand Canyon State, where Trump-backed Kari Lake defeated Karrin Taylor Robson in the gubernatorial primary.
But the ultimate test of Trump’s endorsement will come in the general election when his endorsed candidates will be tasked with winning over swing voters.
Another pro-impeachment Republican goes down
One of the biggest political developments happened not in the states holding primaries Tuesday night, but rather in Washington, which held its primaries last week.
Incumbent Rep. Jaime Herrera Beutler (R), who represents Washington’s 3rd congressional district, conceded in her primary race against former Green Beret Joe Kent on Tuesday, marking yet another loss for a House Republican who voted to impeach Trump.
Herrara Beutler’s defeat comes one week after her fellow Washington Rep. Dan Newhouse (R-Wash.), who also voted to impeach Trump, managed to survive his primary. However, Michigan Rep. Peter Meijer (R-Mich.), another pro-impeachment Republican, lost his primary last week.
In her concession statement, Herrara Beutler said she was proud of what her and her team accomplished during her tenure.
“I’m proud that I always told the truth, stuck to my principles, and did what I knew to be best for our country,” she said.
Trump, on the other hand, celebrated Kent’s win and criticized Herrara Beutler in his own statement.
“Joe Kent just won an incredible race against all odds in Washington State. Importantly, he knocked out yet another impeacher, Jaime Herrera Beutler, who so stupidly played right into the hands of the Democrats,” Trump said.
Kent will likely face a relatively easily general election, with the Cook Political Report rating the district as “solid Republican.”
Vermont poised to make history
Vermont is set to send the first woman and openly gay representative to represent the state on Capitol Hill after the state’s President pro tempore Becca Balint won the Democratic primary for the at-large House seat on Tuesday.
Balint defeated Vermont Lt. Gov. Molly Gray to represent the seat currently held by Senate candidate and Rep. Peter Welch (D-Vt.).
“We proved them wrong. I was the long shot. I was the underdog,” Balint told her supporters at an election night party, according to Seven Days. “But this campaign wasn’t built on connections. It was built on relationships.”
Balint is heavily favored to win the general election in the deep-blue state going into November,
Bernie Sanders scores a win
Balint’s win also represented a high-profile victory for progressive leader and Vermont Sen. Bernie Sanders (I-Vt.), who backed her in the primary.
“She will be a fighter for working people, and I look forward to serving with her in Washington,” Sanders said in a statement.
“In this next Congress, we could see the strongest progressive presence in a long time. Alongside Becca, I know that new members like Greg Casar, Summer Lee, Jonathan Jackson, and Delia Ramirez will all be fighters for a bold progressive agenda,” he added, citing other successful progressive candidates.
Her win brings much-needed relief to progressives, who have experienced a number of primary losses this midterm cycle, including former Texas House candidate Jessica Cisneros, former Missouri Senate candidate Lucas Kunce, and former Ohio House candidate Nina Turner.
A surprise nail-biter for a high-profile ‘Squad’ member
In one of the biggest surprises of the night, Rep. Ilhan Omar (D-Minn.), a member of the progressive “Squad” on Capitol Hill, just barely won her primary against former Minneapolis City Councilmember Don Samuels.
While Omar had the backing of progressive leaders like Sanders and had an incumbent’s advantage, she only led Samuels by just over 2 points with over 96 percent of the vote in.
Samuels conceded on Tuesday evening and pledged his support for Omar in the general election.
“The will of the people is the will of the people. Part of the effort to reach out to people, to talk to them on the phone, to go to their doors, to go to events, is out of deference for their decision-making freedom,” Samuels told the Sahan Journal. “To then violate that trust in people’s wisdom and not celebrate their decision, would be inconsistent with the democratic process.”
Samuels, who is a moderate Democrat, campaigned heavily on combatting violent crime as progressives like Omar embraced the “defund the police” movement. The primary could serve as a warning sign for progressives going into the general election as Republicans seek to make combatting crime a centerpiece of their campaign messaging. | https://www.yourbasin.com/news/national-news/five-takeaways-from-primaries-in-wisconsin-minnesota-and-beyond/ | 2022-08-10T12:22:53Z | https://www.yourbasin.com/news/national-news/five-takeaways-from-primaries-in-wisconsin-minnesota-and-beyond/ | false |
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MOSCOW (AP) — Russians are snapping up Western fashion and furniture this week as H&M and IKEA sell off the last of their inventory in Russia, moving forward with their exit from the country after it sent troops into Ukraine.
Sweden-based H&M and Netherlands-based IKEA had paused sales in Russia after the military operation began and are now looking to unload their stocks of clothing and furnishings as they wind down operations there, saying the future is unpredictable. IKEA’s sales are online only, while the H&M store at the Moscow shopping mall Aviapark saw a steady stream of young shoppers Tuesday.
The racks and shelves were well stocked in the clothing retailer. Nearby shops were closed, including Zara, Oysho, Bershka, Pull&Bear and Uniqlo, while New Yorker, Finn Flare, Marks & Spencer and Mango were open.
“I will start looking at Russian brands,” one H&M shopper, who gave only her first name Anya, said after emerging from the store. Another shopper, who only gave his name as Leonid, said he was “very hurt” that H&M is closing down: “A good store is leaving.”
Both companies are laying off staffers as they scale down business in Russia. H&M said Tuesday that 6,000 workers will be affected and that it was working on details of offering continued support in the coming months.
IKEA said in June that many workers will lose their jobs and it has guaranteed six months of pay for them, as well as core benefits. It said this week that it has 15,000 workers in Russia and Belarus, but it did not immediately confirm how many would be laid off.
“We are deeply saddened about the impact this will have on our colleagues and very grateful for all their hard work and dedication," H&M Group CEO Helena Helmersson said last month.
Many Western companies promised to leave Russia after it sent troops into Ukraine, taking months to wind down operations and often selling holdings to Russian firms. McDonald’s sold its 850 restaurants to a Russian franchisee owner, who is moving to reopen them under the name Vkusno-i Tochka. British energy giants Shell and BP are taking billions of dollars in charges to exit investments and holdings in Russia.
Meanwhile, some Western companies have remained in Russia or are partially operating. French-owned home improvement retailer Leroy Merlin has kept open its 112 stores in Russia, for example, while PepsiCo, Nestle and drugmaker Johnson & Johnson are supplying essentials like medications and baby formula while halting nonessential sales.
H&M said it expects costs from leaving Russia to reach about 2 billion Swedish kronor ($197 million), which will be included as one-time costs in its third-quarter earnings this year.
IKEA said in June that it will start looking for new owners for its four factories in Russia and will close its purchase and logistics offices in Moscow and Minsk, Belarus, a key Russian ally.
Russian President Vladimir Putin has pushed for years to develop and deploy Russian substitute goods and services to make up for the loss of Western imports, which has taken on new urgency as companies like H&M and IKEA wind down operations.
It’s can be difficult to tell when stores in Russia are closed. At the famous GUM department store lined with shops in Red Square, most of the closed storefronts still have the lights on and a clerk or guard inside. | https://www.mrt.com/news/article/Russians-buy-last-goods-from-H-M-IKEA-as-stores-17363859.php | 2022-08-10T12:24:46Z | https://www.mrt.com/news/article/Russians-buy-last-goods-from-H-M-IKEA-as-stores-17363859.php | false |
WFO SEATTLE Warnings, Watches and Advisories for Wednesday, August 10, 2022
_____
RED FLAG WARNING
URGENT - FIRE WEATHER MESSAGE
National Weather Service Seattle WA
453 AM PDT Wed Aug 10 2022
...RED FLAG WARNING REMAINS IN EFFECT UNTIL 11 PM PDT THIS
EVENING FOR ABUNDANT LIGHTNING FOR FIRE WEATHER ZONES 650, 651,
AND 652...
* AFFECTED AREA...Fire Weather Zone 650 North Coastal Lowlands,
Fire Weather Zone 651 Central Coastal Lowlands and Fire
Weather Zone 652 West Portion of the Olympic Mountains.
* THUNDERSTORMS...Abundant lightning from scattered thunderstorms.
* IMPACTS...Scattered lightning in dry fuels can cause multiple
fire starts. Thunderstorms can also bring sudden sharp wind
shifts on existing fires, causing rapid changes in a fire's
rate of spread and direction of spread. Thunderstorm outflow
winds can be a threat for several hours following the start of
a new lightning-caused fire. If a fire were to begin, air
quality may diminish in the surrounding area.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
A Red Flag Warning means that critical fire weather conditions
are either imminent or occurring now. Any fires that develop will
likely spread quickly. Outdoor burning is not recommended.
...RED FLAG WARNING REMAINS IN EFFECT UNTIL 2 AM PDT THURSDAY FOR
DRY THUNDERSTORMS AND GUSTY OUTFLOW WINDS FOR FIRE WEATHER ZONE
658...
* AFFECTED AREA...Fire Weather Zone 658 West Slopes of the North
Cascades Generally above 1500 Feet.
* THUNDERSTORMS...Abundant lightning from scattered
thunderstorms.
ABUNDANT LIGHTNING FOR FIRE WEATHER ZONE 658...
_____
Copyright 2022 AccuWeather | https://www.mrt.com/weather/article/WA-WFO-SEATTLE-Warnings-Watches-and-Advisories-17363877.php | 2022-08-10T12:26:19Z | https://www.mrt.com/weather/article/WA-WFO-SEATTLE-Warnings-Watches-and-Advisories-17363877.php | false |
Torrential rains have left many people dead or missing in and around South Korea's capital. President Yoon Suk-yeol says they must prepare for more extreme weather resulting from climate change.
Copyright 2022 NPR
Torrential rains have left many people dead or missing in and around South Korea's capital. President Yoon Suk-yeol says they must prepare for more extreme weather resulting from climate change.
Copyright 2022 NPR | https://www.nepm.org/national-world-news/national-world-news/2022-08-10/south-korea-is-dealing-with-the-worst-flooding-in-80-years | 2022-08-10T12:28:41Z | https://www.nepm.org/national-world-news/national-world-news/2022-08-10/south-korea-is-dealing-with-the-worst-flooding-in-80-years | false |
US inflation will likely stay high even as gas prices fall
WASHINGTON (AP) — Americans may finally be catching a break from relentlessly surging prices — if just a slight one — even as inflation is expected to remain painfully high for months.
Thanks largely to falling gas prices, the government’s inflation report for July, to be released Wednesday morning, is expected to show that prices jumped 8.7% from a year earlier — still a sizzling pace but a slowdown from the 9.1% year-over-year figure in June, which was the highest in four decades.
The forecast by economists, if it proves correct, would raise hopes that inflation might have peaked and that the run of punishingly higher prices is beginning to ease slightly. There have been other hopeful signs, too, that the pace of inflation may be moderating.
At the same time, an array of other economic developments are threatening to keep intensifying inflation pressures. The pace of hiring is robust and average wages are up sharply. And even as gas prices fall, inflation in services such as health care, rents and restaurant meals is accelerating. Price changes in services tend to be sticky and don’t ease as quickly as they do for gas, food or other goods. Those trends suggest that overall inflation may not drop significantly anytime soon.
President Joe Biden has already pointed to falling gas prices as a sign that his policies — such as releases of oil from the nation’s strategic reserve — are helping combat the higher costs that have hammered household budgets, particularly for lower-income families.
Yet Republicans will push ongoing high inflation as a top campaign issue in this fall’s elections, with polls showing that high prices have driven Biden’s approval ratings down sharply.
On Friday, the House is poised to give final congressional approval to a revived tax-and-climate package pushed by Biden and Democratic lawmakers. The bill, which among other things aims to ease pharmaceutical prices by letting the government negotiate Medicare’s drug costs, is expected to cut the federal budget deficit by $300 billion over a decade.
Yet economists say the measure, which its proponents have titled the Inflation Reduction Act, will have only a minimal effect on inflation over the next several years, though it could could slow price increases a bit more later this decade.
Economists have forecast that Wednesday’s inflation report will show that consumer prices rose 0.2% from June to July, according to FactSet. That would mark a steep drop from the 1.3% jump from May to June.
But excluding the volatile food and energy categories, so-called core inflation likely stayed high. Economists project that core prices rose 0.5% from in July, still a sharp rise, though down from the 0.7% jump in June. Such an increase would leave core prices 6.1% higher than a year ago, up from a 5.9% year-over year increase in June.
If overall inflation did ease in July, it will largely reflect a 16% plunge in prices at the gas pump from their peak in mid-June, when gas hit a national average of $5 a gallon. The average price fell to about $4.20 by the end of July and was just $4.03 by Tuesday. The continuing drop means that lower gas prices will likely pull inflation down further in August.
Other items may have also helped lower price gains in July: Food costs, though they likely kept rising, probably did so at a slower pace than in June. Prices for used cars, clothing and rental cars may have fallen, too.
Federal Reserve Chair Jerome Powell has said the Fed needs to see a series of declining monthly core inflation readings before it would considering pausing its interest rate increases. Though the Fed more closely tracks a different inflation measure, it also monitors the figures in Wednesday’s report, known as the consumer price index.
The Fed has raised its benchmark short-term rate at its past four rate-setting meetings, including a three-quarter point hike in both June and July — the first increases that large since 1994. A blockbuster jobs report for July that the government issued Friday — with 528,000 jobs added, rising wages and an unemployment rate that matched a half-century low of 3.5% — solidified expectations that the Fed will announce yet another three-quarter-point hike when it next meets in September.
Financial markets are betting that the Fed will raise rates several more times this year, to a range of 3.5% to 3.75%, but will ultimately have to cut rates by next summer because traders expect the higher rates to cause a recession.
Some trends do point to lower future inflation. The supply chain snags that have elevated prices for cars, furniture, appliances and other goods are easing.
The number of ships waiting to be unloaded at the Los Angeles/Long Beach port has fallen for six straight months, according to Oxford Economics. Shipping costs have generally leveled off or declined, including for trucking and rail services, Oxford said, though they remain high.
And a drop in Americans’ expectations for future inflation may also keep higher prices from becoming entrenched. Such expectations can be self-fulfilling: If people believe inflation will stay high or worsen, they are likely to take steps — such as demanding higher pay — that can then send prices higher in a self-perpetuating cycle. Companies often raise prices to offset higher their higher labor costs.
But a survey by the Federal Reserve Bank of New York, released Monday, showed that Americans now expect lower inflation in the next few years than they did a month ago. Yung-Yu Ma, chief investment strategist at BMO Wealth Management, said lower inflation expectations may allow the Fed to react less aggressively to reports, such as last month’s burst of hiring, that suggest the economy is still strong and that inflation could remain high.
“It’s a modestly good sign,” Ma said of the inflation expectations data. “It gives them a little bit of room to not take a more aggressive approach.”
Copyright 2022 The Associated Press. All rights reserved. | https://www.valleynewslive.com/2022/08/10/us-inflation-will-likely-stay-high-even-gas-prices-fall/ | 2022-08-10T12:29:07Z | https://www.valleynewslive.com/2022/08/10/us-inflation-will-likely-stay-high-even-gas-prices-fall/ | false |
CMS Issues New Specific ICD-10 Code K76.82 for HE
LAVAL, QC, Aug. 10, 2022 /PRNewswire/ -- Bausch Health Companies Inc. (NYSE/TSX: BHC) ("Bausch Health") and its gastroenterology business, Salix Pharmaceuticals, ("Salix"), one of the largest specialty pharmaceutical companies in the world committed to the prevention and treatment of gastrointestinal (GI) and liver diseases and disorders, today announced its support of the publication of a new specific ICD-10 code from the Centers for Medicare & Medicaid Services (CMS) for hepatic encephalopathy (HE) based on the growing incidence of chronic liver disease in the United States.
Approximately 4.5 million adults in the U.S. have chronic liver disease1. As chronic liver disease progresses towards decompensated cirrhosis, patients may develop comorbid conditions such as portal hypertension, ascites, and hepatic encephalopathy. Up to 80% of people with cirrhosis may develop some form of HE2. HE is also a high driver of hospitalizations and readmissions in patients with decompensated cirrhosis3.
The new K76.82 diagnosis code for patients with HE, a complication of cirrhosis, is based on the International Classification of Diseases, 10th Revision, Clinical Modification (ICD-10-CM) and announced by CMS to be used effective Oct. 1, 2022.
The condition of HE can be misdiagnosed, and the availability of this new ICD-10 code will help health care providers properly document the diagnosis for these patients and thus advance efforts to ensure their clinical management is appropriate.
To learn more about the Federal Register announcement please visit here.
About Salix
Salix Pharmaceuticals is one of the largest specialty pharmaceutical companies in the world committed to the prevention and treatment of gastrointestinal (GI) and liver diseases and disorders. For more than 30 years, Salix has licensed, developed and marketed innovative products to improve patients' lives and arm health care providers with life-changing solutions for many chronic and debilitating conditions. Salix currently markets its product line to U.S. health care providers through an expanded sales force that focuses on gastroenterology, hepatology, pain specialists and primary care. Salix is headquartered in Bridgewater, New Jersey. For more information about Salix, visit www.Salix.com and connect with us on Twitter and LinkedIn.
About Bausch Health
Bausch Health Companies Inc. (NYSE/TSX: BHC) is a global diversified pharmaceutical company whose mission is to improve people's lives with our health care products. We develop, manufacture and market a range of products primarily in gastroenterology, hepatology, neurology, dermatology, international pharmaceuticals and eye health, through our approximately 90% ownership of Bausch + Lomb Corporation. With our leading durable brands, we are delivering on our commitments as we build an innovative company dedicated to advancing global health. For more information, visit www.bauschhealth.com and connect with us on Twitter and LinkedIn.
Forward-looking Statements
This news release may contain forward-looking statements about Bausch Health, which may generally be identified by the use of the words "anticipates," "hopes," "expects," "intends," "plans," "should," "could," "would," "may," "believes," "subject to" and variations or similar expressions. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In addition, actual results are subject to other risks and uncertainties that relate more broadly to Bausch Health's overall business, including those more fully described in Bausch Health's filings with the U.S. Securities and Exchange Commission and the Canadian Securities Administrators, which factors are incorporated herein by reference. Readers are cautioned not to place undue reliance on any of these forward-looking statements. These forward-looking statements speak only as of the date hereof. Bausch Health undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this news release or to reflect actual outcomes, unless required by law.
References
1. Centers for Disease Control and Prevention. Chronic liver disease and cirrhosis. Accessed April 19, 2022. https://www.cdc.gov/nchs/fastats/liver-disease.htm
2. Vilstrup H, Amodio P, Bajaj J, et al. Hepatic encephalopathy in chronic liver disease: 2014 Practice Guideline by the American Association for the Study of Liver Diseases and the European Association for the Study of the Liver. Hepatology. 2014;60(2):715-735.
3. C Chirapongsathorn S, Krittanawong C, Enders FT, et al. Incidence and cost analysis of hospital admission and 30-day readmission among patients with cirrhosis. Hepatol Commun. 2018;2(2):188-198. Published 2018 Jan 18. doi:10.1002/hep4.1137
©2022 Salix Pharmaceuticals or its affiliates.
SAL.0093.USA.22
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NEW YORK — Former president Donald Trump is scheduled to give sworn testimony Wednesday in the New York attorney general’s civil probe into his business dealings, specifically his representations to lenders and tax agencies about the value of his assets.
FBI agents left the property Monday with about a dozen boxes that were being stored at Trump’s estate. The former president had surrendered about 15 boxes to the archives in January, some of which contained material marked classified.
In announcing the legal action at his Palm Beach, Fla., property, Trump blasted the Justice Department for seeking a search warrant and insisted he had been cooperative with authorities and that there was no need for an official action. The Presidential Records Act mandates that documents like memos, letters, emails and other communications produced during a presidential term be preserved.
Since 2019, Trump has been facing criminal and civil investigations into his business practices at the Trump Organization before he entered the White House. The criminal probe, led by the New York District Attorney’s Office, appears to have lost momentum. The civil inquiry is underway, however, led by New York Attorney General Letitia James (D).
Trump’s deposition was confirmed by a person familiar with the investigation, who spoke on the condition of anonymity to discuss an ongoing probe. The session, along with testimony by his daughter Ivanka Trump and son Donald Trump Jr., was postponed because of the July 14 death of their mother, Ivana Trump.
In a post on Trump’s social media service, Truth Social, early Wednesday, Trump continued his long-running attacks on James’s investigation, calling the Black law enforcement official “racist” and saying he was seeing her “for a continuation of the greatest Witch Hunt in U.S. History!”
He has repeatedly accused James, a Democrat, of targeting him and his business to score political points — pointing to comments she made on the campaign trail promising to investigate Trump and the Trump Organization. Lawyers for Trump have said that the valuations practices James is concerned with are standard in the real estate industry.
James could file a lawsuit against the Trump Organization and its executives should she conclude that their conduct legally amounted to wrongdoing.
Manhattan District Attorney Alvin Bragg (D) has said a parallel criminal investigation into the same practices is still underway, even after the two prosecutors leading the investigation resigned in protest earlier this year.
Carey Dunne and Mark Pomerantz left the office when they learned Bragg was not onboard with moving to obtain an indictment. At the time, Bragg said the investigation would continue and appointed a member of his executive team to lead the effort.
The criminal case began under Bragg’s predecessor, Cyrus R. Vance Jr. (D), who did not seek reelection. Bragg took office in January. So far, Trump’s longtime chief financial officer, Allen Weisselberg, and the Trump Organization have been indicted in connection to an alleged long-running tax avoidance scheme.
Weisselberg and the company have pleaded not guilty and are due in court Friday for pretrial proceedings. | https://www.washingtonpost.com/national-security/2022/08/10/trump-deposition-letitia-james/ | 2022-08-10T12:31:14Z | https://www.washingtonpost.com/national-security/2022/08/10/trump-deposition-letitia-james/ | false |
MINNEAPOLIS, Aug. 10, 2022 /PRNewswire/ -- Designer Specialty Products, LLC, is pleased to announce the company has changed its name to Daylight Specialists.
Daylight Specialists has been providing turnkey daylighting solutions to commercial clients since 2009. The company provides expertise and service from consultation through installation and is the authorized distributor of Solatube® and Sunoptics® daylighting products in the Midwest.
Daylight Specialists' President, Jeff May and his team are passionate about daylight and its impact on people and interior spaces. The team's mission is to be the preferred partner to commercial clients for daylighting solutions throughout the Midwest.
"We understand our clients have different needs and unique visions for their projects," says May. "No matter the market, there is a perfect daylighting solution for you – and we are dedicated to helping you find it."
Over the last decade, Daylight Specialists has moved from being a single product distributor in Minnesota to a full-service daylighting expert serving the Midwest. The company is an enthusiastic partner with its product line manufacturers and experts.
Daylight Specialists works with both new construction and remodels and offers project management and installation for all their products. The company routinely works with architects, commercial developers, general contractors, and other design and construction professionals in nearly every market—education, business and office, municipal, retail, manufacturing, healthcare, and more. For daylighting resources and more information about the company, you can visit the newly improved company website at www.daylightspecialists.com.
"This is more than just a name change to us. We wanted to fundamentally change how we presented our business to the market, and how we interact with and support our customers," says May. "We've been bringing daylight into commercial spaces since 2009. Now our name proudly reflects who we are," he adds.
In celebration of our new brand, Daylight Specialists is offering qualifying architects and commercial contractors a discounted Solatube for their home for only $500. Contact pat@daylightspecialists.com for more information.
Daylight Specialists is the premier daylighting solutions provider in the Midwest providing consultation, design, and installation expertise. As full-service dealers of Solatube® and Sunoptics® products, Daylight Specialists' daylighting solutions deliver the benefits of beautiful, natural daylight to interior spaces in commercial buildings across diverse market segments. Daylight Specialists is based in Minneapolis, MN.
Jeff May
Direct: 952-818-4854
mail: jeff@daylightspecialists.com
Web: www.daylightspecialists.com
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SOURCE Daylight Specialists | https://www.valleynewslive.com/prnewswire/2022/08/10/designer-specialty-products-llc-is-now-daylight-specialists/ | 2022-08-10T12:31:48Z | https://www.valleynewslive.com/prnewswire/2022/08/10/designer-specialty-products-llc-is-now-daylight-specialists/ | false |
- Under $2B EITSI contract, the company will support the DHA's IT transformation to consolidate services and reduce costs
- EITSI's primary objective is to reduce variation in the delivery of IT services through standardized, enterprise-wide processes and procedures
HERNDON, Va., Aug. 10, 2022 /PRNewswire/ -- Peraton has won a contract award worth up to $2 billion over 10 years to serve as the Enterprise Information Technology Services Integrator (EITSI) for the Defense Health Agency's (DHA) Military Health System (MHS).
The single award, firm-fixed-price, blanket purchase agreement was issued to Perspecta Enterprise Solutions LLC, a Peraton subsidiary, in a contractor team arrangement with Capgemini Government Solutions LLC.
Under the contract, Peraton will coordinate, integrate, and manage the DHA's IT transformation to consolidate services and reduce costs. The primary objective of the contract is to reduce variation in the delivery of IT services through standardized, enterprise-wide processes and procedures.
"Peraton is proud to continue our support to DHA and the Military Health System by leading the consolidation and transformation of its IT services," said Tarik Reyes, president, Global Health & Financial Solutions sector.
"As DHA's Enterprise IT Services integrator, we are committed to delivering DHA's vision for standardized and integrated IT services that enable DHA's medical mission through decreased complexity, modernization, flexibility, and adaptability. We look forward to delivering an improved user experience and enhanced mission capabilities that drive mission success across the Agency."
Peraton drives missions of consequence spanning the globe and extending to the farthest reaches of the galaxy. As the world's leading mission capability integrator and transformative enterprise IT provider, we deliver trusted and highly differentiated national security solutions and technologies that keep people safe and secure. Peraton serves as a valued partner to essential government agencies across the intelligence, space, cyber, defense, citizen security, health, and state and local markets. Every day, our employees do the can't be done, solving the most daunting challenges facing our customers. Visit Peraton.com/News and follow Peraton on LinkedIn for news and updates.
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SOURCE Peraton | https://www.mysuncoast.com/prnewswire/2022/08/10/peraton-serve-defense-health-agencys-enterprise-information-technology-services-integrator/ | 2022-08-10T12:32:54Z | https://www.mysuncoast.com/prnewswire/2022/08/10/peraton-serve-defense-health-agencys-enterprise-information-technology-services-integrator/ | false |
CHICAGO, Aug. 10, 2022 /PRNewswire/ -- The Foundation for Sarcoidosis Research (FSR) is pleased to announce that the FSR Sarcoidosis Research Fellowship for 2022-2024 is being awarded to Dr. Nancy Lin from National Jewish Health, a Founding Member of the FSR Global Sarcoidosis Clinic Alliance, for her project, "Defining MicroRNA Biomarkers in Sarcoidosis." FSR has awarded $1.40 million through the FSR Sarcoidosis Research Fellowships Grant program and is thrilled to award Dr. Lin a fellowship in the amount of $150,000 over two-years, to continue FSR's investment in support of promising early career investigators.
Dr. Lin will be mentored throughout her fellowship by Dr. Lisa Maier, an internationally renowned sarcoidosis researcher. Dr. Maier is the Chief of the Division of Environmental and Occupational Health Sciences at National Jewish Health (NJH) and Professor of Medicine at NJH, and the Division of Pulmonary and Critical Care Sciences in the Department of Medicine, School of Medicine and the Environmental Occupational Health Department in the Colorado School of Public Health at the University of Colorado Anschutz Medical Campus. Dr. Maier is an esteemed member of the FSR Scientific Advisory Board. Dr. Maier has collaborated extensively with sarcoidosis experts around the world on studies focusing on defining genetic, genomic, epigenetic, and exposure risk factors in occupational, environmental, and idiopathic lung diseases, to help define biomarkers and therapeutic and preventive interventions.
"I am so appreciative of being awarded the FSR Fellowship Grant. This grant will allow me to continue developing my expertise in complex cases of sarcoidosis and will assist me in achieving my goal of becoming an expert [in sarcoidosis]. Additionally, this grant enables me to continue my research in genomic biomarkers in sarcoidosis. With support from the FSR, I hope this research will lead to improvements in the clinical management of individuals with sarcoidosis." said Dr. Lin.
FSR's Sarcoidosis Research Fellowship program was initiated in 2018 and has helped to support the research of six fellows and build the pipeline for the next generation of sarcoidosis researchers. The FSR Fellowship Grant provides an opportunity for early-stage investigators to develop specialized skills and gain direct experience within the field of sarcoidosis.
"FSR is excited to welcome Dr. Lin to the prestigious group of FSR Sarcoidosis Research Fellows and is confident that this research will lead to important discoveries and new potential avenues for diagnosis, prevention, and treatment of sarcoidosis." said Mary McGowan, FSR's Chief Executive Officer.
To learn more about FSR's Fellowship and research programs, please visit (https://www.stopsarcoidosis.org/fsr-grants/)
Sarcoidosis is a rare inflammatory disease characterized by the formation of granulomas—tiny clumps of inflammatory cells—in one or more organs of the body. Despite increasing advances in research, sarcoidosis remains difficult to diagnose with limited treatment options and no known cure. Approximately 175,000 people live with sarcoidosis in the United States.
The Foundation for Sarcoidosis Research (FSR) is the leading international organization dedicated to finding a cure for sarcoidosis and to improving care for sarcoidosis patients through research, education, and support. Since its establishment in 2000, FSR has fostered over $6 million in sarcoidosis-specific research efforts. For more information about FSR and to join our community, visit: stopsarcoidosis.org.
Contact:
Cathi Davis
cathi@stopsarcoidosis.org
312-341-0500 ext 106
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SOURCE Foundation for Sarcoidosis Research | https://www.ktre.com/prnewswire/2022/08/10/foundation-sarcoidosis-research-awards-2022-2024-sarcoidosis-research-fellowship-dr-nancy-lin-national-jewish-health/ | 2022-08-10T12:34:13Z | https://www.ktre.com/prnewswire/2022/08/10/foundation-sarcoidosis-research-awards-2022-2024-sarcoidosis-research-fellowship-dr-nancy-lin-national-jewish-health/ | true |
What's new this year at Saline County schools?
As Salina area students prepare for their first day back to school, districts have announced some changes for the upcoming year.
One district added more than 100 new faculty and staff, COVID-19 guidelines were updated and the free-to-all federal free lunch program has ended.
While some changes look the same or similar across all districts, others are unique to individual schools. Here’s what you should know for Salina Public Schools, Southeast of Saline and Ell-Saline districts for the upcoming year:
Salina Public Schools
The first day of school for students attending Salina Public Schools will depend on their grade. Those in grades 1-5, 6 and 9 will begin Aug. 11 with kindergarten screenings starting that day by appointment. Grades 7, 8, 10, 11 and 12 will begin Aug. 12, also with kindergarten screenings by appointment.
Grades K-12 will be in attendance Aug. 15.
The public information director for Salina Public Schools, Jennifer Camien, said the staggered start date model is designed to help acquaint those students who are moving up from elementary to middle school, and middle school to high school, respectively.
More:No such thing as a (forever) free lunch — Salina schools uneasy as program expires
What’s new for Salina Public Schools?
This academic year, Salina Public Schools saw an influx of new hires. More than 100 new faculty and staff were added to the district.
Human resources executive director Eryn Wright said the district is still hiring new teachers, so there is not yet a final number of new hires for this year.
“There were over 100 new staff at orientation — that includes related services like school psychologists, speech language pathologists…” Wright said in an email. “In the last five years the average new hire number is 73. We’ve had years as high as 90.”
Salina Public Schools is also in its second year of involvement with the Salina Virtual Innovation Academy, referred to in the district at times as SVIA, which is an online schooling option taught through local certified teachers and curriculum.
“This is one way parents are able to have a more hands-on role in their child’s education,” Camien said.
This academic year, Salina Public Schools will also be adding Esports and Unified Bowling programs.
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SE of Saline
Grades 1-12 begin Aug. 17, and Kindergarten begins Aug. 19.
The district hired seven new teachers this year. Superintendent Roger Stumpf said the number is a little higher than usual, but not a big difference compared to prior years.
The biggest difference the district is facing this year, Stumpf said, is one all districts will be adjusting to – the end of the federal free lunch program (for all students).
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Changes to federal lunch program
A federal government waiver began providing all families free breakfast and lunch regardless of income during the COVID-19 pandemic. Since the program has ended, now only qualifying families have the opportunity to apply for free and reduced meals.
All local districts said the application form is now part of their registration process. Stumpf said he encourages all parents to apply.
“It’s very important that kids eat and that families get the assistance they need,” Stumpf said.
Ell-Saline
The first day of school for all students at Elle-Saline is Aug. 18.
The district made several improvements over the summer in preparation for the upcoming school year, including an upgraded telephone system and new aluminum bleachers at all outdoor athletic facilities.
Ell-Saline Superintendent Brian Rowley said more improvements to the athletic facilities are in the works for later this fall, with September a target date for new LED lighting and steel poles at the football stadium and softball field.
The district also hired several new staff for the upcoming year.
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COVID-19 procedures
Guidelines and procedures for COVID-19 have either remained the same for districts or updated slightly from the previous year. Adopted policies describe how districts will adhere to advice from the local health department for quarantine times and formulating good habits.
All districts reflected a similar message, stating if a student is sick, they should stay home, and that regular communication will be administered with families about best practices to limit and mitigate the spread of COVID-19.
Salina Public Schools have posters and signage for continued student education on best practices.
“We’re still monitoring the health of our student population,” Stumpf said. “We are hoping to be flexible to address issues, should they occur.”
School officials are asking for understanding and compliance with adopted policies to ensure students can remain in-person for classes.
“We understand that most students learn best in the building and with a teacher in the classroom,” Rowley said. “We will work to provide a safe and inviting educational environment for our students and staff while monitoring all threats to our school community.” | https://www.salina.com/story/news/education/2022/08/10/saline-county-ks-schools-usd-305-calendar-2022-2023-year/10276416002/ | 2022-08-10T12:35:16Z | https://www.salina.com/story/news/education/2022/08/10/saline-county-ks-schools-usd-305-calendar-2022-2023-year/10276416002/ | true |
India to lift restrictions on ticket fare prices from Aug. 31
By Aditi Shah
NEW DELHI, Aug 10 (Reuters) - India will remove the fare caps it imposed on domestic airlines in 2020 during the COVID-19 pandemic from Aug. 31, the country's civil aviation ministry said on Wednesday, lifting restrictions on ticket prices.
The government, in a rare move, had regulated fares by imposing a minimum and maximum band based on the flight's duration to prevent ticket prices from spiking due to pent-up demand arising from restrictions on air travel easing.
The decision will bring relief to airlines including IndiGo , SpiceJet Ltd, Air India, and Vistara - a joint venture between the Tata Group and Singapore Airlines - as well as new entrant Akasa Air, allowing them to price tickets freely.
India is seeing a strong rebound in domestic air travel, with passenger numbers touching pre-COVID levels, boosting airlines' revenues. However, high fuel prices are eating away at their profitability.
The fare caps were imposed by the government when it lifted restrictions on air travel in May 2020, after two months of grounding all planes to curb the virus' spread.
At the time it said https://reut.rs/3SJpPUO that for a two-hour flight between the cities of Mumbai and Delhi, airlines would be allowed to charge a minimum fare of 3,500 rupees ($44) and a maximum of 10,000 rupees ($126), while ensuring that 40% of the tickets sold were priced below the median value.
($1 = 79.4900 Indian rupees) (Reporting by Aditi Shah; Editing by Louise Heavens and Jan Harvey) | https://www.dailymail.co.uk/wires/reuters/article-11098821/India-lift-restrictions-ticket-fare-prices-Aug-31.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-10T12:36:04Z | https://www.dailymail.co.uk/wires/reuters/article-11098821/India-lift-restrictions-ticket-fare-prices-Aug-31.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | true |
- NULIBRY is the first and only approved therapy in the United States (U.S.) and in Israel to treat patients with MoCD Type A, an ultra-rare, life-threatening genetic disorder that often progresses rapidly in infants with a median overall survival age of about four years
- NULIBRY received a positive opinion from the Committee for Medicinal Products for Human Use (CHMP) in July 2022 recommending approval by the European Commission (EC) in the European Union (EU)
- NULIBRY was approved by the U.S. Food and Drug Administration (FDA) in February 2021 and was BridgeBio's first approved therapy; Medison acquired commercialization rights to NULIBRY in Israel in December 2019; Sentynl acquired global rights to NULIBRY in March 2022
PALO ALTO, Calif. and SOLANA BEACH, Calif. and PETACH TIKVA, Israel, Aug. 10, 2022 /PRNewswire/ -- BridgeBio Pharma, Inc. (Nasdaq: BBIO) (BridgeBio), a commercial-stage biopharmaceutical company that focuses on genetic diseases and cancers, and Sentynl Therapeutics, Inc. (Sentynl), a U.S.-based biopharmaceutical company focused on bringing innovative therapies to patients living with rare diseases owned by Zydus Lifesciences Ltd. (formerly known as Cadila Healthcare Ltd.), along with partner Medison Pharma, a global pharmaceutical company focused on providing access to highly innovative therapies to patients in international markets, today announced that the State of Israel Ministry of Health has approved NULIBRY® (fosdenopterin) for Injection as the first therapy in Israel to treat MoCD Type A with the indication to reduce the risk of mortality for patients with molybdenum cofactor deficiency (MoCD) Type A. MoCD Type A is an ultra-rare and progressive condition, known to impact less than 150 patients globally with a median survival of four years.
"At BridgeBio, we believe that no disease is too rare to address. We are grateful that NULIBRY is now an approved therapy in Israel, and we are focused on ensuring that even more children around the world who suffer with MoCD Type A have access to this treatment," said BridgeBio founder and CEO Neil Kumar, Ph.D.
NULIBRY is a cPMP substrate replacement therapy that was approved by the U.S. FDA in February 2021 to reduce the risk of mortality in patients with MoCD Type A. In July 2022 the CHMP recommended that NULIBRY be approved in the EU as a treatment for patients with MoCD Type A. Based on the CHMP recommendation, a decision by the European Commission (EC), which authorizes marketing applications in the EU, is expected on the NULIBRY application later this year.
"The approval of NULIBRY in Israel is a promising development for children with MoCD Type A. At Zydus and Sentynl we are driven by the purpose of empowering people with the freedom to live healthier and more fulfilled lives. NULIBRY will bring us closer to realizing our purpose and making a meaningful difference in the lives of children with this rare disorder," said Dr. Sharvil Patel, Managing Director of Zydus Lifesciences, the parent company of Sentynl Therapeutics.
"We are very pleased to share the news of the Israeli approval on the heels of receiving the CHMP's recommendation in favor of NULIBRY. We are confident this is only the beginning for patients living with MoCD Type A and we intend to continue advancing our efforts to broaden access to this therapy throughout the world for children in need, while increasing awareness of a disease that has historically been underdiagnosed," said Matt Heck, CEO of Sentynl.
The approval by the State of Israel Ministry of Health is supported by data from three clinical trials that demonstrated efficacy of NULIBRY for the treatment of patients with MoCD Type A compared to data from a natural history study. These studies showed that NULIBRY reduced the risk of death by 82% and increased the probability of survival to 84% at three years compared to 55% in the untreated, genotype-matched, historical control group in the natural history study.
Animal studies have identified that NULIBRY has phototoxic potential. In the clinical trials, the most common adverse reactions reported in two or more NULIBRY-treated patients with MoCD Type A were catheter-related complications (89%), pyrexia (fever; 78%), viral infection (56%), pneumonia (44%), otitis media (ear infection; 44%), vomiting (44%) and cough/sneezing (44%). Adverse reactions for the rcPMP-treated patients were similar to the NULIBRY-treated patients.
"We are proud that our partnership with BridgeBio Pharma and Sentynl enables us to provide this highly innovative therapy to babies born with MoCD Type A, a severely progressive genetic disease that results in irreversible neurological damage and eventual death," said Meir Jakobsohn, Founder and CEO of Medison Pharma. "The Israeli Ministry of Health's decision brings us one step closer to accelerating access of this cutting-edge therapy to those in need."
In March 2022, Sentynl acquired the global rights to NULIBRY and is responsible for the ongoing development and commercialization of NULIBRY in the U.S. and developing, manufacturing, and commercializing fosdenopterin globally. Sentynl and BridgeBio share development responsibilities through the approval of the marketing authorization application under accelerated assessment with the European Medicines Agency.
MoCD Type A is an autosomal recessive, inborn error of metabolism caused by mutations in the molybdenum cofactor synthesis 1 gene and characterized by a deficiency in molybdenum cofactor production, leading to a lack of molybdenum-dependent enzyme activity.1,2 The lack of activity leads to decreased sulfite oxidase activity with buildup of sulfite and secondary metabolites (such as S-sulfocysteine) in the brain, which causes irreversible neurological damage.2
The most common presenting symptoms of MoCD Type A are seizures, feeding difficulties and encephalopathy. Patients with MoCD Type A who survive beyond infancy typically suffer from progressive brain damage, which presents in characteristic patterns on magnetic resonance imaging (MRI). This damage leads to severe psychomotor impairment and an inability to make coordinated movements or communicate with their environment.
NULIBRY®(fosdenopterin) for Injection is a substrate replacement therapy that provides an exogenous source of cPMP, which is converted to molybdopterin. Molybdopterin is then converted to molybdenum cofactor, which is needed for the activation of molybdenum-dependent enzymes, including sulfite oxidase, an enzyme that reduces levels of neurotoxic sulfites. It is the first and only FDA-approved therapy indicated to reduce the risk of mortality in patients with MoCD Type A, and clinical trials have demonstrated that patients treated with NULIBRY or rcPMP had an improvement in overall survival compared to the untreated, genotype-matched, historical control group.
References
1 Mechler K et al. Genet Med. 2015;17(12):965-970.
2 Schwarz G. Cur Op in Che Bio. 2016;31:179-187.
BridgeBio Pharma, Inc. (BridgeBio) is a commercial-stage biopharmaceutical company founded to discover, create, test and deliver transformative medicines to treat patients who suffer from genetic diseases and cancers with clear genetic drivers. BridgeBio's pipeline of development programs ranges from early science to advanced clinical trials. BridgeBio was founded in 2015 and its team of experienced drug discoverers, developers and innovators are committed to applying advances in genetic medicine to help patients as quickly as possible. For more information visit bridgebio.com and follow us on LinkedIn and Twitter.
Sentynl Therapeutics is a U.S.-based biopharmaceutical company focused on bringing innovative therapies to patients living with rare diseases. The company was acquired by the Zydus Group in 2017. Sentynl's experienced management team has previously built multiple successful pharmaceutical companies. With a focus on commercialization, Sentynl looks to source effective and highly differentiated products across a broad spectrum of therapeutic areas to address unmet needs. Sentynl is committed to the highest ethical standards and compliance with all applicable laws, regulations, and industry guidelines. For more information, visit www.sentynl.com and follow us on LinkedIn.
The Zydus Group, with an overarching purpose of empowering people with freedom to live healthier and more fulfilled lives, is an innovative, global pharmaceutical company that discovers, develops, manufactures, and markets a broad range of healthcare therapies. The group employs over 23000 people worldwide and is driven by its mission to unlock new possibilities in life-sciences through quality healthcare solutions that impact lives. The group aspires to become a global life-sciences company transforming lives through pathbreaking discoveries. For more information, visit https://www.zyduslife.com/zyduslife/.
Medison is a global pharma company focused on providing access to highly innovative therapies to patients in international markets.
Medison is the first to create an international commercialization platform for highly innovative therapies, helping to save and improve lives by making the best available novel treatments accessible to patients in international markets. Medison has a track record of multi-territorial partnerships with leading pharmaceutical and biotech companies seeking to expand their global reach.
Medison is also an active investor in disruptive healthcare technologies and provides its partners with exposure to innovation in biotech and digital health. To learn more visit www.medisonpharma.com.
This press release contains forward-looking statements. Statements we make in this press release may include statements that are not historical facts and are considered forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), which are usually identified by the use of words such as "anticipates," "believes," "estimates," "expects," "intends," "may," "plans," "projects," "seeks," "should," "will," and variations of such words or similar expressions. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act and Section 21E of the Exchange Act and are making this statement for purposes of complying with those safe harbor provisions. These forward-looking statements, including statements relating to, the timing and outcome of the EC's decision on NULIBRY, the potential ability for NULIBRY to be the first and only approved therapy in the EU to treat patients with MoCD type A, and the potential ability to provide treatment options to MoCD Type A patients in Europe, Israel and around the world, reflect our current views about our plans, intentions, expectations, strategies and prospects, and are based on the information currently available to us and on assumptions we have made and are not forecasts, promises nor guarantees. Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by these forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a number of risks, uncertainties and assumptions, including, but not limited to, the success of our ongoing collaboration with Sentynl, including our co-development responsibilities through approval of the marketing authorization application under accelerated assessment with the EMA and through approval of NULIBRY's regulatory submission with the Israeli Ministry of Health, Sentynl's ability to successfully develop and commercialize NULIBRY in the U.S. and to develop, manufacture, and commercialize fosdenopterin globally, Medison Pharma's ability to successfully provide access to NULIBRY in Israel, as well as those risks set forth in the Risk Factors section of our most recent Annual Report on Form 10-K and BridgeBio Pharma's other SEC filings. Moreover, we operate in a very competitive and rapidly changing environment in which new risks emerge from time to time. Except as required by applicable law, we assume no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
BridgeBio Contact:
Grace Rauh
Grace.rauh@bridgebio.com
(917) 232-5478
Sentynl Therapeutics Contact:
Michael Hercz
ir@sentynl.com
(888) 507-5296
Medison Pharma Contact:
Margo Corn-Ladani
mmargoc@medisonpharma.com
(972) 52-660-6710
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SOURCE Sentynl Therapeutics | https://www.kold.com/prnewswire/2022/08/10/bridgebio-pharma-sentynl-therapeutics-medison-pharma-announce-approval-israel-nulibry-fosdenopterin-treatment-mocd-type/ | 2022-08-10T12:36:15Z | https://www.kold.com/prnewswire/2022/08/10/bridgebio-pharma-sentynl-therapeutics-medison-pharma-announce-approval-israel-nulibry-fosdenopterin-treatment-mocd-type/ | true |
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