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NEW DELHI -- The Indian capital reintroduced public mask mandates on Thursday as COVID-19 cases continue to rise across the country.
The New Delhi government reinstituted a fine of 500 rupees ($6) for anyone caught not wearing a mask or face covering in public.
India's Health Ministry said 16,299 new cases were recorded in the past 24 hours nationwide, with a positivity rate of 4.58%. Nearly 2,150 infections were reported in New Delhi.
On Wednesday, New Delhi reported eight deaths due to the coronavirus, the highest in nearly six months. People in most parts of the country began discarding face masks as infections dropped following two devastating earlier waves of COVID-19.
New Delhi’s top elected official, Arvind Kejriwal, said that COVID-19 cases were on the rise but there was no need to panic because most of the new cases were mild.
India started vaccinating people in January 2021 and has administered over 2.04 billion doses, including first, second and booster doses. More than 94% of the eligible population (12 years and older) has received at least one shot, and 86% are fully vaccinated.
Most experts believe India’s official death toll of more than 414,000 is a vast undercount, but the government has dismissed those concerns as exaggerated and misleading. | https://abcnews.go.com/Health/wireStory/mask-mandates-return-delhi-covid-19-cases-rise-88234510 | 2022-08-11T11:20:05Z | https://abcnews.go.com/Health/wireStory/mask-mandates-return-delhi-covid-19-cases-rise-88234510 | true |
Three people swept away after heavy rains in Maharashtra and M.P.
India Meteorological Department has predicted a risk of flash floods in the Vidarbha region
Three persons were swept away in swollen drains after heavy rains in Madhya Pradesh and Maharashtra, while the India Meteorological Department [IMD] predicted a risk of flash floods in the Vidarbha region, officials said on August 11.
Some rivers in the Vidarbha region of Maharashtra were flooded after heavy showers and several people from Bhandara and Chandrapur were shifted to safer places, they said.
The heavy rains also caused damage to crops and an assessment survey was on, an agriculture department official said.
In Indore city of M.P., two persons were swept away in swollen drains following heavy rains and efforts were on to trace them, police said.
Chandan Nagar police station in-charge Abhay Nema said local residents informed them that a man, Zakir Khan (24), accidentally fell into a drain in Sirpur area of the city on August 10 afternoon when he was trying to stop other people from entering the water body.
On the same day, a woman, Durga Jaiswal (26), was swept away in an overflowing drain in Banganga area.
“The woman lived in a house close to the drain. While throwing garbage from the rooftop of her house, she lost balance and fell into the drain,” Banganga police station in-charge Rajendra Soni said.
Efforts were on to trace the two persons, the police said.
A MeT official said the rain intensity reduced in Indore in the last 24 hours, after heavy downpour on August 9.
In Gondia district of Maharashtra, a sports utility vehicle (SUV) carrying three persons was swept away in a swollen drain at Kidangipaar on Wednesday night, district disaster management officer (DDMO) Rajan Choubey said.
Two persons were later rescued, while efforts were on to trace the third person, he said.
In Nagpur, Regional Meteorological Centre scientist Dr. Praveen Kumar told PTI that there was a “moderate risk of flash floods” in the next 24 hours in a few areas of Vidarbha districts like Nagpur, Amravati, Wardha, Gadchiroli, Gondia, Chandrapur and Yavatmal.
Due to the low pressure system over MP, there are high chances of more rainfall which may cause flash flood conditions, he said.
The MeT office predicted heavy rains in MP and Vidarbha on August 11 and this may further induce the persistence of flash floods in the region.
Following heavy rains in Nagpur, all 16 gates of the Navegaon Khairi dam were opened, causing flooding in the Kanhan river, which choked all the intake well strainers, an official said.
There was no pumping from the Kanhan Water Treatment Plant since 3 a.m., affecting supply to many parts of Nagpur, he said.
In Chandrapur, some low-lying areas were flooded due to backwaters of the Wardha and Irai rivers.
A disaster management team from Nagpur went to Warora and Bhadravati tehsils in the morning to evacuate people residing near the Wardha river.
Civic officials shifted 332 flood-affected people to safer places, authorities said.
The district administration has already sounded an alert for low-lying villages located near the Wainganga river.
Some roads connecting Rajura, Ballarpur, Bamni, Warora and Wani were cut-off due to the inundation of bridges, officials said.
In Gondia and Bhandara, water entered many houses after heavy rains.
A number of families from Gaurinagar, Sanjaynagar, Pindkepaar in Gondia were shifted to safer places. A pregnant woman was rescued from Dhadri village and taken to the sub-district hospital of Tirora, an official said.
In Bhandara district, the Wainganga river has crossed the danger mark, officials said.
Collector Sandeep Kadam appealed to people to remain cautious and not to venture near the overflowing water bodies.
The administration on August 11 shifted 183 families from Tumsar tehsil in Bhandara to safer places, DDMO Abhishek Naamdas said.
All 33 gates of the Gosikhurd dam were opened to release water, an official said.
In Gadchiroli, 17 traffic routes were affected due to the flooded drains and rivers, authorities said.
From June 1 this year till August 11, Nagpur received 1,052.8 mm rainfall, Chandrapur-1,022.4 mm, Gadchiroli-1,263 mm, Wardha-990.9 mm, Bhandara-986.5 mm, Gondia-998.8 mm, Yavatmal-777.4 mm, Amravati-642.5 mm, Washim-610.2 mm, Akola- 456.6 mm and Buldhana-442 mm, as per official data.
In Kolhapur, where the rainfall activity has somewhat decreased, the Panchganga river level at Rajaram weir was at 41.7 feet at noon on Thursday, as against the warning level of 39 feet and the danger mark of 43 feet, district disaster management cell officials said.
Four automatic gates of the upstream Radhanagari dam were opened on Wednesday, but due to the decreased rainfall activity on Thursday, only two gates were opened and water was being released at the rate of 4,456 cusec, they said.
In Pune, the collective water storage of Panshet, Warasgaon, Temghar and Khadakwasla dams, which provide water to the city city, reached 90 per cent following good rains in their catchment areas, district administration officials said.
In Mumbai, sun shone brightly in some areas on Thursday while other parts witnessed overcast sky. Most parts of the city did not witness rain in the morning.
The India Meteorological Department has predicted moderate rain in the city and suburbs with the possibility of heavy rainfall at isolated places in the next 24 hours.
It has also forecast occasional strong winds of 40 to 50 kilometre per hour gusting up to 60 kmph.
Heavy rains were witnessed in the city on Sunday and moderate to heavy showers over the last few days.
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NEW YORK, Aug. 11, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Inotiv, Inc. ("Inotiv" or the "Company") (NASDAQ: NOTV) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Inotiv investors who were adversely affected by alleged securities fraud between September 21, 2021 and June 13, 2022. Follow the link below to get more information and be contacted by a member of our team:
NOTV investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) Inotiv's acquisition, Envigo RMS, LL ("Envigo"), and Inotiv's Cumberland, Virginia facility (the "Cumberland Facility") engaged in widespread and flagrant violations of the Animal Welfare Act ("AWA"); (2) Envigo and Inotiv's Cumberland Facility continuously violated the AWA; (3) Envigo and Inotiv did not properly remedy issues with regards to animal welfare at the Cumberland Facility; (4) as a result, Inotiv was likely to face increased scrutiny and governmental action; (5) Inotiv would imminently shut down two facilities, including the Cumberland Facility; (6) Inotiv did not engage in proper due diligence; and (7) as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
WHAT'S NEXT? If you suffered a loss in Inotiv during the relevant time frame, you have until August 22, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
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SHANGHAI, Aug. 11, 2022 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy", the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that the Company's board of directors has approved its 2022 share incentive plan in order to attract and retain the best available talents and provide additional incentives to its key employees, directors and officers.
The aggregate number of shares issuable under the 2022 share incentive plan is 37,253,465 ordinary shares, which represents approximately 10% of the Company's total outstanding ordinary shares. The Company granted 37,253,465 restricted share units ("RSUs") to its key employees, directors and officers on August 10, 2022. Each of the Company's American Depositary Shares ("ADSs") represents five ordinary shares. Based on the closing price of $70.71 per ADS of the Company on August 10, 2022, the Company expects to recognize approximately $263.4 million of non-cash share-based compensation expenses in the third quarter of 2022, and approximately $7.3 million of non-cash share-based compensation expenses in each of the months commencing from October 2022 to September 2025.
About Daqo New Energy Corp.
Daqo New Energy Corp. (NYSE: DQ) ("Daqo" or the "Company") is a leading manufacturer of high-purity polysilicon for the global solar PV industry. Founded in 2007, the Company manufactures and sells high-purity polysilicon to photovoltaic product manufactures, who further process the polysilicon into ingots, wafers, cells and modules for solar power solutions. The Company has a total polysilicon nameplate capacity of 105,000 metric tons and is one of the world's lowest cost producers of high-purity polysilicon.
For more information, please visit www.dqsolar.com
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar statements. The Company may make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Among other things, the Company's expected share-based compensation expenses contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, all of which are difficult or impossible to predict accurately and many of which are beyond the Company's control. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the demand for photovoltaic products and the development of photovoltaic technologies; global supply and demand for polysilicon; alternative technologies in cell manufacturing; the Company's ability to significantly expand its polysilicon production capacity and output; the reduction in or elimination of government subsidies and economic incentives for solar energy applications; the Company's ability to lower its production costs; changes in the political and regulatory environment; and the duration of COVID-19 outbreaks in China and many other countries and the impact of the outbreaks and the quarantines and travel restrictions instituted by relevant governments on economic and market conditions, including potentially weaker global demand for solar PV installations that could adversely affect the Company's business and financial performance. Further information regarding these and other risks is included in the reports or documents the Company has filed with, or furnished to, the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date hereof, and the Company undertakes no duty to update such information or any forward-looking statement, except as required under applicable law.
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SOURCE Daqo New Energy Corp. | https://www.valleynewslive.com/prnewswire/2022/08/11/daqo-new-energy-adopts-2022-share-incentive-plan-grants-rsus-its-key-employees-directors-officers/ | 2022-08-11T11:21:40Z | https://www.valleynewslive.com/prnewswire/2022/08/11/daqo-new-energy-adopts-2022-share-incentive-plan-grants-rsus-its-key-employees-directors-officers/ | false |
TAMPA, Fla. (AP) _ Primo Water Corporation (PRMW) on Thursday reported a loss of $22.5 million in its second quarter.
On a per-share basis, the Tampa, Florida-based company said it had a loss of 14 cents. Earnings, adjusted for one-time gains and costs, came to 21 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.
The maker of soft drinks, juices, teas, flavored water and energy drinks posted revenue of $571.4 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $549.7 million.
For the current quarter ending in October, Primo said it expects revenue in the range of $570 million to $590 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRMW at https://www.zacks.com/ap/PRMW | https://www.mrt.com/business/article/Primo-Q2-Earnings-Snapshot-17366357.php | 2022-08-11T11:25:47Z | https://www.mrt.com/business/article/Primo-Q2-Earnings-Snapshot-17366357.php | true |
EXTON, Pa., Aug. 11, 2022 /PRNewswire/ -- West Pharmaceutical Services, Inc. (NYSE: WST), a global leader in innovative solutions for injectable drug administration, today announced it has made a strategic investment in Latch Medical, a Dublin-based leader in next-generation vaccine and biologics delivery technology that is pioneering a new approach to intradermal delivery.
"West's investment in Latch Medical advances our leadership in innovation through a dedicated focus on the needs of patients," says Robert Segura, Vice President, Corporate Development, West Pharmaceutical Services. "The methods by which medicines are delivered to patients continue to evolve to meet their desire for ease-of-use and effectiveness. Latch Medical's innovative intradermal-delivery technology fits well into this strategy."
West joins Latch Medical's existing investors Atlantic Bridge and Enterprise Ireland. West will take a minority ownership stake in Latch Medical.
Latch Medical's Pharma Latch technology offers two delivery device platforms that allow for intradermal delivery of vaccines and biologics with rapid, consistent dosing. The technology anchors securely to the skin and uses either hollow or coated microneedles to deliver and disperse vaccine and biologics payloads. The technology is a low-cost platform that can facilitate higher payloads than microneedle technologies developed in the past. It requires minimal training for clinicians to use.
"We have put our extensive experience of skin biomechanics and understanding of the challenges of intradermal delivery into the development of Pharma Latch. It is a novel technology that can replace traditional injections and infusions and look to realize the potential of intradermal delivery," said Ronan Byrne, CEO, Latch. "With this investment from West, we can rapidly increase the impact of our technology."
As evidenced by the investment in Latch Medical, West continues to make startup investments in the medical device space to create and advance offerings that allow for care to be delivered more effectively and efficiently.
"West's commitment to making these types of investments help to drive innovation that results in providing total care through better outcomes and supports innovative technologies that serve patients," said Segura.
West Pharmaceutical Services, Inc. is a leading provider of innovative, high-quality injectable solutions and services. As a trusted partner to established and emerging drug developers, West helps ensure the safe, effective containment and delivery of life-saving and life-enhancing medicines for patients. With approximately 10,000 team members across 50 sites worldwide, West helps support our customers by delivering over 45 billion components and devices each year.
Headquartered in Exton, Pennsylvania, and in business for nearly a century, West in its fiscal year 2021 generated $2.83 billion in net sales. West is traded on the New York Stock Exchange (NYSE: WST) and is included on the Standard & Poor's 500 index. For more information, visit www.westpharma.com.
Latch Medical was spun out of University College Dublin by its co-Founders Ronan Byrne and Nicky Bertollo in 2019. Based in Dublin, Ireland it is focused on the development of the 'Pharma Latch' drug and vaccine delivery platform. The platform looks to offer the benefits of intradermal delivery in a simple, highly cost-effective manner. For more information, visit www.pharmalatch.com.
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As losses mount, Russia struggles to replenish its troops in Ukraine
The prisoners at the penal colony in St. Petersburg were expecting a visit by officials, thinking it would be some sort of inspection. Instead, men in uniform arrived and offered them amnesty — if they agreed to fight alongside the Russian army in Ukraine.
Over the following days, about a dozen or so left the prison, according to a woman whose boyfriend is serving a sentence there. Speaking on condition of anonymity because she feared reprisals, she said her boyfriend wasn’t among the volunteers, although with years left on his sentence, he “couldn’t not think about it.”
As Russia continues to suffer losses in its invasion of Ukraine, now nearing the sixth-month mark, the Kremlin has refused to announce a full-blown mobilization — a move that could be very unpopular for President Vladimir Putin. That has led instead to a covert recruitment effort that includes using prisoners to make up the manpower shortage.
This also is happening amid reports that hundreds of Russian soldiers are refusing to fight and trying to quit the military.
“We’re seeing a huge outflow of people who want to leave the war zone — those who have been serving for a long time and those who have signed a contract just recently,” said Alexei Tabalov, a lawyer who runs the Conscript’s School legal aid group.
The group has seen an influx of requests from men who want to terminate their contracts, “and I personally get the impression that everyone who can is ready to run away,” Tabalov said in an interview with the Associated Press. “And the Defense Ministry is digging deep to find those it can persuade to serve.”
Stealth operations and assistance from Ukrainian guerrilla forces pose a growing challenge to Russia’s grip on occupied areas in southeastern Ukraine.
Although the Russian Defense Ministry denies that any “mobilization activities” are taking place, authorities seem to be pulling out all the stops to bolster enlistment. Billboards and public transit ads in various regions proclaim, “This is the job,” urging men to join the army. Authorities have set up mobile recruiting centers in some cities, including one at the site of a half-marathon in Siberia in May.
Regional administrations are forming “volunteer battalions” that are promoted on state television. The business daily Kommersant counted at least 40 such entities in 20 regions, with officials promising volunteers monthly salaries ranging from the equivalent of $2,150 to nearly $5,500, plus bonuses.
The AP saw thousands of openings on job-search websites for various military specialists.
The British military said this week that Russia had formed a major new ground force called the 3rd Army Corps from “volunteer battalions,” seeking men up to age 50 and requiring only a middle-school education, while offering “lucrative cash bonuses” once they are deployed to Ukraine.
Russia’s invasion of Ukraine has upended the operations of what was the world’s fourth-largest grain exporter, with global consequences.
But complaints also are surfacing in the media that some aren’t getting their promised payments, although those reports can’t be independently verified.
In early August, Tabalov said he began receiving multiple requests for legal help from reservists who have been ordered to take part in a two-month training in areas near the border with Ukraine.
The recruitment of prisoners has been going on in recent weeks in as many as seven regions, said Vladimir Osechkin, founder of the Gulagu.net prisoner rights group, citing inmates and their relatives whom his group had contacted.
It’s not the first time that authorities have used such a tactic, with the Soviet Union employing “prisoner battalions” during World War II.
Tymophiy, 12, lost his mother and stepfather in a hail of Russian fire and is now in the care of relatives. His diary is a record of fury and grief.
Nor is Russia alone. Early in the war, Ukrainian President Volodymyr Zelensky promised amnesty to military veterans behind bars if they volunteered to fight, although it remains unclear if anything came of it.
In the current circumstances, Osechkin said, it isn’t the Russian Defense Ministry that’s recruiting prisoners. Instead, it’s Russia’s shadowy private military force, the Wagner Group.
Yevgeny Prigozhin, an entrepreneur known as “Putin’s chef” because of his catering contracts with the Kremlin and reportedly Wagner’s manager and financier, brushed aside reports that he personally visited prisons to recruit convicts, in a written statement released by his representatives this month. Prigozhin, in fact, denies he has any ties to Wagner, which reportedly has sent military contractors to places such as Syria and sub-Saharan Africa.
According to Osechkin, prisoners with military or law-enforcement experience were initially given an offer to go to Ukraine, but that later was extended to inmates with varying backgrounds. He estimated that as of late July, about 1,500 might have applied, lured by promises of big salaries and eventual pardons.
In Ukraine, rooting out those who aid Russia is a tangled, painful process. Hundreds of collaboration cases are being scrutinized.
Now, he added, many of those volunteers — or their families — are contacting him and seeking to get out of their commitments, telling him: “I really don’t want to go.”
According to the woman whose boyfriend is serving his sentence at the penal colony in St. Petersburg, the offers to leave the prison are “a glimmer of hope” for freedom. But she said her boyfriend told her that, of 11 volunteers, eight died in Ukraine. She added that one of the volunteers expressed regret for his decision and didn’t believe he would return alive.
Her account couldn’t be independently verified, but was in line with multiple reports by independent Russian media and human rights groups.
According to those groups and military lawyers, some soldiers and law-enforcement officers have refused deployment to Ukraine or are trying to return home after a few weeks or months of fighting.
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Media reports about some troops refusing to fight in Ukraine started surfacing in the spring, but rights groups and lawyers began talking about the number of refusals reaching the hundreds only last month.
In mid-July, the Free Buryatia Foundation reported that about 150 men were able to terminate their contracts with the Defense Ministry and returned from Ukraine to Buryatia, a region in eastern Siberia that borders Mongolia.
Some of the servicemen are facing repercussions. Tabalov, the legal aid lawyer, said about 80 other soldiers who sought to nullify their contracts were detained in the Russian-controlled town of Bryanka in the Luhansk region of eastern Ukraine, according to their relatives. Last week, he said that the Bryanka detention center was shut down because of the media attention.
But the parent of one officer who was detained after trying to get out of his contract told the AP this week that some are still being detained elsewhere in the region. The parent asked not to be identified out of safety concerns.
A lack of running water in the eastern Ukrainian city of Slovyansk means that residents must fill bottles by hand at public pumps throughout the city.
Tabalov said a serviceman can terminate his contract for a compelling reason — normally not difficult — although the decision is usually up to his commander. But he added: “In the conditions of hostilities, not a single commander would acknowledge anything like that, because where would they find people to fight?”
Alexandra Garmazhapova, head of the Free Buryatia Foundation, told the AP that soldiers and their relatives complain of commanders tearing up termination notices and threatening “refuseniks” with prosecution. As of late July, the foundation said it had received hundreds of requests from soldiers seeking to end their contracts.
“I’m getting messages every day,” Garmazhapova said.
Tabalov said some soldiers complain that they were deceived about where they were going and didn’t expect to end up in a war zone, while others are exhausted from fighting and unable to continue.
Hundreds of evacuees have left Ukraine’s Donetsk region days after the Ukrainian government issued an order to evacuate, though some refuse.
Rarely, if at all, did they appear motivated by anti-war convictions, the lawyer said.
Russia will continue to face problems with soldiers refusing to fight, military analyst Michael Kofman said, but one shouldn’t underestimate Russia’s ability to “muddle through ... with half-measures.”
“They’re going to have a lot of people who are quitting or have people who basically don’t want to deploy,” Kofman, director of the Virginia-based Russia Studies Program at the Center for Naval Analyses, said on a recent podcast. “And they’ve employed a lot of measures to try to keep people in line. But ultimately, there’s not that much that they can do.”
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MIDLAND, Texas, Aug. 11, 2022 /PRNewswire/ -- Encore Green Environmental LLC (EGE) announced immediate plans to treat produced water for beneficial use with Texas agriculture partners and NOMAD EXCEL water technology developed specifically to assist in drought conditions. EGE is proud to announce that their years of dedication to this goal has not been in vain.
As part of the treatment program, EGE has partnered the technology with West Texas legacy landowner, Cody Wilson, owner of Wilson Farms, to recycle produced water and apply the clean water to the surface estate for agricultural beneficial uses and for Wilson's non-edible crops.
"I look forward to being part of this project with EGE because without it, I don't see our type of farming lasting in this part of the world," said Wilson.
Wilson, who has deep ties to his family's lands, has joined EGE in an effort to provide and find solutions for regions where source water is scarce. Without the efforts of EGE to put produced water to beneficial use on crop lands, farmers like Wilson will face startling realities for reliable water sources for their crop futures.
EGE is the owner of proven technology and the water treatment equipment, known as NOMAD EXCEL. Units are ready to move onto Wilson's lands.
According to Darlene Nash, Owner of Encore Green, "There is nothing more important than the use of this technology now available to benefit soil health and climate wellness."
By treating and using the produced water that would otherwise be disposed of, thereby removing it permanently from the water cycle, Wilson hopes to show landowners and operators within the industry that working together, solutions are available and affordable.
EGE is set apart in produced water recycling by the end use product available for agriculture. The goal is to continue focus on treating produced water for the purpose of industry re-use, providing a bridge between the industry and landowners. It recognizes that as seismicity continues, disposal constraints increase, and overall water scarcity becomes more prevalent.
Encore Green Environmental LLC (EGE) formed as an agricultural company dedicated to land stewardship and providing solutions for industry produced water management and handling. EGE is a Wyoming limited liability company, registered to do business in the State of Texas. https://www.encoregreenenvironmental.com/
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SOURCE Encore Green Environmental LLC | https://www.kold.com/prnewswire/2022/08/11/encore-green-environmental-llc-announces-roll-out-beneficial-use-produced-water-with-agricultural-partners/ | 2022-08-11T11:32:52Z | https://www.kold.com/prnewswire/2022/08/11/encore-green-environmental-llc-announces-roll-out-beneficial-use-produced-water-with-agricultural-partners/ | false |
This opening follows the recent closure of Little Fishes Swim School in Brentwood – which was operated by FOSS – as a result of St. Louis's recent catastrophic flooding.
EDEN PRAIRIE, Minn., Aug. 11, 2022 /PRNewswire/ -- FOSS Swim School is expanding its footprint in the St. Louis area with two new schools set to open in the next six months. FOSS St. Charles will open on September 7, 2022 and FOSS Rock Hill will open in January 2023. With these additions, FOSS will have four locations in Missouri: Ballwin, O'Fallon, St. Charles and Rock Hill.
Beyond these planned openings, FOSS was recently forced to close their Brentwood Little Fishes Swim School after it was damaged beyond repair by the recent flooding in St. Louis and the surrounding area. Any families enrolled at Little Fishes Brentwood were given credits transferable to any FOSS location.
"We share in the city's grief for the loss of life and property as a result of the recent flooding in the St. Louis area, and we're saddened to have to close the Brentwood Little Fishes Swim School as a result," shared Craig O'Halloran, Chief Executive Officer at FOSS. "We are doing our absolute best to work with Brentwood families to help their kids keep swimming at one of our other schools in the surrounding area and we're thrilled to be able to offer our new Rock Hill location as an option beginning in 2023."
FOSS is currently open for swim lesson enrollment for the Fall 2022 quarter. Lessons for the Fall quarter begin on September 7.
Jon and Susan Foss opened their first swim school in 1993. They created an age-appropriate curriculum, helping even the youngest swimmers confidently learn water adjustment, safety, strokes, and technique. With 29 years of expertise, FOSS has redefined the swim lesson experience by providing a fun, original, technically sound, and safer style of teaching. FOSS currently has 22 schools in Illinois, Iowa, Missouri, Minnesota, North Dakota, and Wisconsin.
CONTACT: Rachael Blom rblom@fossswimschool.com 952-935-8969
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SOURCE Foss Swim School | https://www.wflx.com/prnewswire/2022/08/11/foss-swim-schools-new-st-charles-location-set-open-september-7-2022/ | 2022-08-11T11:33:23Z | https://www.wflx.com/prnewswire/2022/08/11/foss-swim-schools-new-st-charles-location-set-open-september-7-2022/ | false |
LOS ANGELES, Aug. 11, 2022 /PRNewswire/ -- Global Garden® has teamed with Canobi AgTech of Maxville Ontario to bring revolutionary monitoring, automation, and optimization technology to indoor cannabis farmers and food agriculturalists across the United States. Designed to manage an entire Indoor Farming Operation, Canobi AgTech's SaaS-based Indoor Farm Management platform is the next step in agricultural intelligence.
As climate change, rising population, and new legislation continue to fuel the upward trend of indoor agriculture, the need for streamlining farming operations has never been more critical. The Canobi framework integrates with existing sensors, devices, and systems to provide real-time monitoring, alerting, data visualization, automation, and optimization of farm and business processes for both small and large scale cultivators.
Canobi AgTech was built with a cultivation-first mindset, focusing priority on the needs of the plant rather than imposing the technology onto the plant. Canobi connects with and monitors sensors and systems 24/7, to pinpoint humidity, temperature, CO2 pockets, and much more. High-resolution monitoring allows for the collection of thousands of data points vertically and horizontally throughout the grow room. Combined with access to historical data for complex analysis, Canobi's management platform enables farmers to dial-in rooms and build optimized SOPs, recipes, and playbooks that will drive farm automation to ensure consistently high-yields with exceptional quality.
Canobi AgTech is the brainchild of ERP veteran and indoor farming visionary Robin Vincent. After six years of consulting in Indoor Farm Management, Mr. Vincent saw a future where data-driven farming would actualize the dream of indoor agriculture at scale. Food security, mitigating the impacts of climate change, and commercial agriculture sustainability are at the core of Canobi's vision of empowering local indoor farming to feed the world sustainably.
"Global Garden® has always maintained a position of supporting only products that bring high value and ROI to our customers," says Global Garden® Managing Partner, Jonathan Bayle. "Canobi AgTech products align perfectly with that mission; not only in product excellence, but service and support as well."
Global Garden® was founded in 2014 by co-owners Jonathan Bayle and Chuck Lee. Headquartered in Torrance, CA, Global Garden® prides itself on curating only high quality, best-in-class products that offer efficient solutions to growers.
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SOURCE Global Garden | https://www.kold.com/prnewswire/2022/08/11/future-indoor-farming-automation-optimization-global-garden-partners-with-canobi-agtech-bringing-revolutionary-tech-indoor-cannabis-food-farmers/ | 2022-08-11T11:33:30Z | https://www.kold.com/prnewswire/2022/08/11/future-indoor-farming-automation-optimization-global-garden-partners-with-canobi-agtech-bringing-revolutionary-tech-indoor-cannabis-food-farmers/ | false |
Primo Water Corporation Announces Strong Second Quarter 2022 Results and Raises Full Year Guidance
Published: Aug. 11, 2022 at 3:15 AM MST|Updated: 1 hour ago
Company issues third quarter guidance and raises full year revenue and Adjusted EBITDA guidance
TAMPA, Fla., Aug. 11, 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, today announced its results for the second quarter ended July 2, 2022.
(Unless stated otherwise, all second quarter 2022 comparisons are relative to the second quarter of 2021; all information is in U.S. dollars.)
SECOND QUARTER HIGHLIGHTS
Revenue increased 9% to $571 million compared to $526 million (increased 16% excluding the exit of the single-use bottled water retail business in North America and the impact of foreign exchange).
Reported net loss and net loss per diluted share were $23 million and $0.14, respectively, compared to reported net loss and net loss per diluted share of $8 million and $0.05, respectively. Adjusted net income and adjusted net income per diluted share were $33 million and $0.21, respectively, compared to adjusted net income and adjusted net income per diluted share of $28 million and $0.17, respectively.
Adjusted EBITDA increased 9% to $108 million compared to $100 million and Adjusted EBITDA margin was maintained at 18.9% for the quarter.
Company increases full year 2022 revenue growth expectation to between 12% to 14%, adjusted for the exit of the single-use bottled water retail business in North America, and increases full year 2022 Adjusted EBITDA outlook to between $415 million and $425 million.
"I am very pleased with our revenue and adjusted EBITDA growth in the second quarter, accentuating a solid first-half performance that puts us on pace to exceed our previous full-year 2022 targets. Our results were driven by improved pricing, volume, and customer growth. Our pricing actions and operational performance give us the confidence to increase our 2022 outlook to 12% to 14% revenue growth (adjusted for the exit of the single-use bottled water retail business in North America) and Adjusted EBITDA to between $415 million and $425 million dollars, despite a challenging Euro devaluation, unprecedented inflationary environment and the exit of our business in Russia. As we continue to transform and reshape Primo, we are a fundamentally stronger business than ever before. Our strategy is working as evidenced by our first half 2022 performance and we remain confident in our ability to achieve our long-term 2024 outlook of high single-digit organic revenue growth with Adjusted EBITDA approaching $525 million dollars," said Tom Harrington, Primo's Chief Executive Officer.
"We are pleased that 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 million dollars, while at the same time continuing to invest in internal and external opportunities that will further strengthen our operations and drive long-term growth," said Mr. Harrington.
OUTLOOK
Primo is targeting the following results from continuing operations for the third quarter and full year 2022:
SECOND QUARTER 2022 RESULTS CONFERENCE CALL
Primo will host a conference call, to be simultaneously webcast, on Thursday, August 11, 2022, at 10:00 a.m. Eastern Time. A question-and-answer session will follow management's presentation. To participate, please call the following numbers:
North America: (888) 664-6392 International: (416) 764-8659 Conference ID: 75198085 This is a live, listen-only dial-in telephone line.
A slide presentation and live audio webcast will be available through Primo's website at https://www.primowatercorp.com. The earnings conference call will be recorded and archived for playback on the investor relations section of the website for a period of two weeks following the event.
SECOND QUARTER GLOBAL PERFORMANCE
Revenue increased 9% to $571 million compared to $526 million (increased by 16% excluding the exit of the single-use bottled water retail business in North America and the impact of foreign exchange). The increase was driven by customer growth, increased demand across our customer base, price increases and the benefit from tuck-in acquisitions, partially offset by the exit from the single-use bottled water retail business in North America and foreign exchange headwinds. Revenue growth by channel is tabulated below:
Gross profit increased 12% to $332 million compared to $297 million. Gross margin grew by 170 basis points to 58.2% compared to 56.5%, driven by price increases, Water Direct volume growth and the exit of the single-use retail bottled water business in North America, partially offset by foreign exchange headwinds.
SG&A expenses increased 12% to $292 million compared to $260 million. The increase was driven by higher selling and operating costs supporting the volume and revenue growth of the business as well as general inflationary cost increases.
Reported net loss and net loss per diluted share were $23 million and $0.14, respectively, compared to reported net loss and net loss per diluted share of $8 million and $0.05, respectively. Adjusted net income and adjusted net income per diluted share were $33 million and $0.21, respectively, compared to adjusted net income and adjusted net income per diluted share of $28 million and $0.17, respectively.
Adjusted EBITDA increased 9% to $108 million compared to $100 million, driven primarily by price increases, increased demand for products and services across our customer base and the exit of the single-use bottled water retail business in North America. Adjusted EBITDA margin remained at 18.9% for the quarter.
Net cash provided by operating activities of $67 million, less $49 million of capital expenditures and additions to intangible assets, resulted in $18 million of free cash flow, or $21 million of adjusted free cash flow (adjusting for the items set forth on Exhibit 7), compared to adjusted free cash flow of $26 million in the prior year.
SECOND QUARTER REPORTING SEGMENT PERFORMANCE
During the second quarter the Company realigned certain of its businesses previously included in the Rest of World segment (now renamed "Europe") between the Europe reporting segment and the Other category. The Company's two reporting segments are now North America and Europe. Segment reporting results have been recast to reflect these changes for all periods presented.
North America
Revenue increased 10% to $437 million (increased by 17% excluding the single-use bottled water retail business in North America) driven by customer growth, price increases and increased demand for products and services from residential and business-to-business customers, partially offset by the exit from the single-use bottled water retail business in North America.
Europe
Revenue increased 9% to $70 million (increased 22% excluding the impact of foreign exchange) driven by increased demand for our products and services from residential and business-to-business customers and tuck-in acquisitions, partially offset by foreign exchange impact.
ABOUT PRIMO WATER CORPORATION
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 ensure 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.
Non-GAAP Measures To supplement its reporting of financial measures determined in accordance with U.S. GAAP (Generally Accepted Accounting Principles), Primo utilizes certain non-GAAP financial measures. Primo excludes from GAAP revenue the impact of foreign exchange and the impact of the now-exited small-format single-use retail bottled water business in North America to separate the impact of these items from Primo's results of operations. Primo also utilizes Adjusted net income (loss), Adjusted net income (loss) per diluted share, Adjusted EBITDA and Adjusted EBITDA margin to separate the impact of certain items from the underlying business. Because Primo uses these adjusted financial results in the management of its business, management believes this supplemental information is useful to investors for their independent evaluation and understanding of Primo's underlying business performance and the performance of its management. Additionally, Primo supplements its reporting of net cash provided by (used in) operating activities from continuing operations determined in accordance with GAAP by excluding additions to property, plant and equipment and additions to intangible assets to present free cash flow, and by excluding the items identified on the exhibits hereto to present adjusted free cash flow, which management believes provides useful information to investors in assessing our performance, comparing Primo's performance to the performance of the Company's peer group and assessing the Company's ability to service debt and finance strategic opportunities, which include investing in Primo's business, making strategic acquisitions, paying dividends, and strengthening the balance sheet. With respect to the Company's expectations of its future performance, the Company's reconciliations of Q3 2022 and full year 2022 Adjusted EBITDA and 2024 Adjusted EBITDA are not available, as the Company is unable to quantify certain amounts to the degree of precision that would be required in the relevant GAAP measures without unreasonable effort. These items include taxes, interest costs that would occur if the Company issued debt, and costs to acquire and or sell a business if the Company executed such transactions, which could significantly affect our financial results. These items depend on highly variable factors and any such reconciliations would imply a degree of precision that would be confusing or misleading to investors. Primo expects the variability of these factors to have a significant, and potentially unpredictable, impact on the Company's future GAAP financial results. The non-GAAP financial measures described above are in addition to, and not meant to be considered superior to, or a substitute for, Primo's financial statements prepared in accordance with GAAP. In addition, the non-GAAP financial measures included in this earnings announcement reflect management's judgment of particular items, and may be different from, and therefore may not be comparable to, similarly titled measures reported by other companies.
Safe Harbor Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 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 several 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, future financial and operating trends and results (including Primo's outlook on third quarter and full year 2022 revenue and Adjusted EBITDA and Primo's multi-year growth algorithm), and related matters. 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, including inflation and interest rates; 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 from time to time 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.
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.kold.com/prnewswire/2022/08/11/primo-water-corporation-announces-strong-second-quarter-2022-results-raises-full-year-guidance/ | 2022-08-11T11:36:14Z | https://www.kold.com/prnewswire/2022/08/11/primo-water-corporation-announces-strong-second-quarter-2022-results-raises-full-year-guidance/ | false |
WFO SPOKANE Warnings, Watches and Advisories for Thursday, August 11, 2022
_____
SPECIAL WEATHER STATEMENT
Special Weather Statement
National Weather Service Spokane WA
408 AM PDT Thu Aug 11 2022
...A strong thunderstorm will impact portions of northeastern Pend
Oreille County through 445 AM PDT...
At 407 AM PDT, Doppler radar was tracking a strong thunderstorm 16
miles northwest of Nordman, or 42 miles north of Priest River, moving
northeast at 25 mph.
HAZARD...Wind gusts up to 50 mph and nickel size hail.
SOURCE...Radar indicated.
IMPACT...Gusty winds could knock down tree limbs and blow around
unsecured objects. Minor damage to outdoor objects is
possible.
Locations impacted include...
Noisy Creek Campground.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
If outdoors, consider seeking shelter inside a building.
LAT...LON 4869 11713 4876 11735 4893 11712 4882 11704
TIME...MOT...LOC 1107Z 222DEG 22KT 4876 11725
MAX HAIL SIZE...0.88 IN
MAX WIND GUST...50 MPH
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Copyright 2022 AccuWeather | https://www.ourmidland.com/weather/article/WA-WFO-SPOKANE-Warnings-Watches-and-Advisories-17366410.php | 2022-08-11T11:38:01Z | https://www.ourmidland.com/weather/article/WA-WFO-SPOKANE-Warnings-Watches-and-Advisories-17366410.php | false |
Blinken raises 'serious concerns' on rights in Rwanda talks
US Secretary of State Antony Blinken (left) met Rwandan President Paul Kagame on the final leg of an African tour
US Secretary of State Antony Blinken said he voiced "serious concerns" about human rights during talks on Thursday with Rwandan President Paul Kagame.
In particular, he said he raised the case of "Hotel Rwanda" hero Paul Rusesabagina, a fierce Kagame critic who was sentenced to a 25-year prison term last year on terrorism charges.
Blinken is in Rwanda on the final stop of a three-nation tour of Africa, as Washington seeks to counter a Kremlin charm offensive following a trip to the continent in July by Russian Foreign Minister Sergei Lavrov.
"As I told President Kagame, we believe people in every country should be able to express their views without fear of intimidation, imprisonment, violence or any other forms of repression," Blinken told a joint press conference with Rwandan Foreign Minister Vincent Biruta.
Blinken also said he "underscored our concerns about the lack of fair trial guarantees provided to (Rusesabagina)".
In May, the US State Department said Rusesabagina -- who has US permanent residency -- had been "wrongfully detained" by Kigali.
"Hotel Rwanda" hero Paul Rusesabagina was arrested in August 2020
Rusesabagina, then a Kigali hotel manager, is credited with saving hundreds of lives during the 1994 genocide. His actions inspired the Hollywood film "Hotel Rwanda."
The 68-year-old has been behind bars for more than 700 days since his arrest in August 2020 when a plane he believed was bound for Burundi landed instead in Kigali.
In a statement issued to coincide with Blinken's visit, Rusesabagina's family said his health was deteriorating, with a weak left arm and facial paralysis indicating that he may have had one or more strokes.
"We trust that if the US relationship with Rwanda is strong enough to be deserving of financial and trusted cooperation, then it is strong enough to push for the release of our father on humanitarian grounds," it said.
- 'Endangers regional stability' -
Meanwhile, Blinken said he also discussed with Kagame "credible reports" that Rwanda continues to support the M23 rebel group and has its own forces inside the neighbouring Democratic Republic of Congo, claims repeatedly denied by Kigali.
"Any support or cooperation with any armed group in eastern DRC endangers local communities and regional stability and every country in the region must respect the territorial integrity of the others," he added.
An unpublished independent investigation for the UN, seen by AFP last week, said Rwandan troops had attacked soldiers inside the DRC and aided M23 rebels, a primarily Tutsi Congolese rebel group.
The M23 has captured swathes of territory in eastern DRC in recent months, stoking tensions between Kigali and Kinshasa.
Ties between the two nations have been strained since the mass arrival in the eastern DRC of Rwandan Hutus accused of slaughtering Tutsis during the 1994 genocide, although there was a thaw after DRC President Felix Tshisekedi took office in 2019.
In a statement released Monday, Human Rights Watch had called on Blinken to "urgently signal that there will be consequences for the government's repression and abuse in Rwanda and beyond its borders".
"Failing to address Rwanda's abysmal human rights record has emboldened its officials to continue to commit abuse, even beyond its borders," said Lewis Mudge, HRW's Central Africa director.
The rights watchdog urged Blinken "to highlight systematic human rights violations, including crackdowns on opponents and civil society, both within and across Rwanda's borders."
Rwandan opposition leader Victoire Ingabire echoed HRW's calls, telling AFP that Blinken should raise the issue of journalists and politicians she said were in prison for challenging Kagame's government.
"Blinken has to ask our government to open up political space to everyone who wants to be active in politics," said Ingabire, who spent six years in jail on terrorism charges. | https://www.dailymail.co.uk/wires/afp/article-11102271/Blinken-raises-concerns-rights-Rwanda-talks.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-11T11:38:05Z | https://www.dailymail.co.uk/wires/afp/article-11102271/Blinken-raises-concerns-rights-Rwanda-talks.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false |
(The Hill) — The stunning FBI search of former President Donald Trump’s Florida residence this week has inspired a fierce backlash on the right, fueling concern among experts about the escalating risk of political violence.
The response among Trump supporters has ranged from sharp criticism over the Justice Department’s tactics to outright incendiary rhetoric, with Trump himself comparing the search of his home to the Nixon-era burglary of the Watergate complex.
Some of Trump’s most fervent backers described this week’s legal development as reflecting a country in the midst of civil war, and in isolated cases some far-right extremists called for mobilization in response to what was depicted as an act of tyranny by lawless federal agents.
Although the FBI’s search was based on a warrant approved by a federal judge, that did not stop Republicans from claiming the probe arose from a desire to damage President Joe Biden’s main rival rather than potentially criminal conduct linked to Trump.
“The GOP’s choice to turn a probe into the mishandling of classified documents into a cause célèbre is dangerous, particularly given Trump’s history of calling on private violence, mobs, and militias for support,” said Rachel Kleinfeld, senior fellow at the Carnegie Endowment for International Peace. “A democracy cannot allow anyone to be above the law.”
It may be unsurprising that a criminal investigation linked to Trump, the de facto Republican Party leader and a possible 2024 contender, would spark an impassioned response. At the same time, even the most provocative political speech, short of an incitement to violence, enjoys broad protections under the First Amendment.
But outrage over the FBI search of Trump’s home comes at a particularly tense moment in American politics, as the share of partisans who think violence is sometimes justified to achieve political ends has grown significantly. According to researcher Nathan Kalmoe, around one in five partisans say violence by their own party is at least a little justified to advance its goals.
“More partisan violence looks likely in the future, especially in response to particularly tense moments like the one Trump has escalated here,” said Kalmoe, a professor at Louisiana State University who has tracked the rising support for political violence.
In the immediate aftermath of the FBI search at Mar-a-Lago, a swift backlash arose from a chorus of voices across the right.
Experts said that a specific, concerted plan for real world action hasn’t emerged, but warned that officials should keep a close eye on the tense online vitriol.
One prominent alt-right figure, Jack Posobiec, posted a series of inflammatory posts this week on Telegram, including one with more than 62,000 views that the “federal security state has declared war on Donald J Trump and his supporters.”
According to Alyssa Kann, a research associate at the Digital Forensic Research Lab, some of Posobiec’s messages have been posted in domestic extremist channels, where users are also talking about taking up arms, mobilizing and targeting the FBI.
The incendiary posts haven’t been contained to fringe sites. Posobiec, who has 1.8 million followers on Twitter, tweeted Wednesday that “Our government has been take over by a Deranged Eunuch Class. It is up to us to displace them and dismantle their corrupt apparatus.”
Steven Crowder, a conservative commentator with 1.9 million Twitter followers, tweeted Monday night “Tomorrow is war. Sleep well.”
Twitter has not taken action on those posts or the accounts. A spokesperson for the company did not respond to a request for comment.
The violent rhetoric is spreading across alternative social media sites too, such as Gab, Parler, Getter, which boast little to no content moderation policies and attract right wing audiences — especially users banned from the mainstream sites.
Collectively, the posts that have emerged online, across platforms, highlight a “nice little shopping list of far-right narratives,” said Jared Holt, senior research manager at the Institute for Strategic Dialogue (ISD).
“It’s like a big firehose of incendiary content that has kind of blown back towards the news item in these spaces,” he said.
Even as the rhetoric has grown more intense, the distance from the political fringe to the political mainstream has shortened.
According to Kann, inflammatory rhetoric that once may have been confined to fringe sites and from far-right figures has been embraced even by politicians with large followings on mainstream platforms like Twitter and Facebook, a dynamic which “emboldens” far-right influencers to be “even more violent,” she said.
“It also mainstreams that sort of violent rhetoric to the everyday person, which is really scary to think about,” Kann said.
Outspoken far-right lawmaker Rep. Marjorie Taylor Greene’s (R-Ga.) tweets have added to the right-wing chorus, with the political firebrand calling to “defund” the FBI, casting the raid as “tyrannical” and likening the situation to action in a “civil war.”
Shannon Hiller, executive director of Princeton’s nonpartisan Bridging Divides Initiative, which seeks to track and mitigate political violence, said American politics was in a “sensitive moment,” one that called for leaders to tamp down tensions, not heighten them.
She pointed to Govs. Larry Hogan of Maryland and Asa Hutchinson of Arkansas as examples of Republican leaders who, though critical of DOJ’s lack of transparency, had expressed their views without further inflaming political discourse, unlike some of their GOP colleagues.
“I do think that other GOP leaders who wink and nod to extremist rhetoric are playing with fire,” she said. “We know from other research that leaders calling for calm and rejecting violence has a positive effect on reducing risk, that’s what we should be calling for from all our leaders now.”
Trump, for his part, has continued to use his megaphone to ratchet up the temperature. On Wednesday, the former president suggested, without evidence, that federal agents had planted evidence on his property, again depicting himself as the victim of a shadowy “raid.”
Legal experts refuted Trump’s depiction of the FBI operation, and underscored the stakes of the investigation — as well as the backlash.
“Even though a judge issued the search warrant for Trump’s home, which requires a finding of probable cause that a crime was committed and that evidence would be found on the premises, Trump and his supporters are going on the offensive and engaging in heated rhetoric that DOJ has somehow treated Trump improperly,” said Barbara McQuade, a law professor at the University of Michigan, who spent seven years as a federal prosecutor during Barack Obama’s presidency. “It is amazing to me how many people are willing to take the bait.”
“I think the risk of civil unrest is very real, but DOJ cannot let that fear prevent it from enforcing the law,” she added, calling the Jan. 6 attack a “sobering” reminder not to underestimate “the threat of political violence by those who support Donald Trump.”
Experts noted a key difference between online posts ahead of the Jan. 6 riot at the Capitol and fallout from the FBI’s search of Mar-a-Lago. While the run-up to the Jan. 6 attack saw the emergence of a specific plan, posts circulating online this week have lacked the same concerted tie to a specific time and place.
At least not yet, said Holt, of ISD, who added that the security situation would continue to be closely monitored.
“We’re starting to track some calls for protests, we’ve seen a couple kind of floated around, but nothing’s really centralizing at this point,” he said. “There have been at least a couple instances where this has inspired extremists to call for protests or call for mobilization. We’re going to keep an eye on that and see how that evolves.” | https://wgntv.com/news/nexstar-media-wire/pro-trump-backlash-to-fbi-search-fuels-concern-over-political-violence/ | 2022-08-11T11:39:07Z | https://wgntv.com/news/nexstar-media-wire/pro-trump-backlash-to-fbi-search-fuels-concern-over-political-violence/ | true |
(The Hill) — The stunning FBI search of former President Donald Trump’s Florida residence this week has inspired a fierce backlash on the right, fueling concern among experts about the escalating risk of political violence.
The response among Trump supporters has ranged from sharp criticism over the Justice Department’s tactics to outright incendiary rhetoric, with Trump himself comparing the search of his home to the Nixon-era burglary of the Watergate complex.
Some of Trump’s most fervent backers described this week’s legal development as reflecting a country in the midst of civil war, and in isolated cases some far-right extremists called for mobilization in response to what was depicted as an act of tyranny by lawless federal agents.
Although the FBI’s search was based on a warrant approved by a federal judge, that did not stop Republicans from claiming the probe arose from a desire to damage President Joe Biden’s main rival rather than potentially criminal conduct linked to Trump.
“The GOP’s choice to turn a probe into the mishandling of classified documents into a cause célèbre is dangerous, particularly given Trump’s history of calling on private violence, mobs, and militias for support,” said Rachel Kleinfeld, senior fellow at the Carnegie Endowment for International Peace. “A democracy cannot allow anyone to be above the law.”
It may be unsurprising that a criminal investigation linked to Trump, the de facto Republican Party leader and a possible 2024 contender, would spark an impassioned response. At the same time, even the most provocative political speech, short of an incitement to violence, enjoys broad protections under the First Amendment.
But outrage over the FBI search of Trump’s home comes at a particularly tense moment in American politics, as the share of partisans who think violence is sometimes justified to achieve political ends has grown significantly. According to researcher Nathan Kalmoe, around one in five partisans say violence by their own party is at least a little justified to advance its goals.
“More partisan violence looks likely in the future, especially in response to particularly tense moments like the one Trump has escalated here,” said Kalmoe, a professor at Louisiana State University who has tracked the rising support for political violence.
In the immediate aftermath of the FBI search at Mar-a-Lago, a swift backlash arose from a chorus of voices across the right.
Experts said that a specific, concerted plan for real world action hasn’t emerged, but warned that officials should keep a close eye on the tense online vitriol.
One prominent alt-right figure, Jack Posobiec, posted a series of inflammatory posts this week on Telegram, including one with more than 62,000 views that the “federal security state has declared war on Donald J Trump and his supporters.”
According to Alyssa Kann, a research associate at the Digital Forensic Research Lab, some of Posobiec’s messages have been posted in domestic extremist channels, where users are also talking about taking up arms, mobilizing and targeting the FBI.
The incendiary posts haven’t been contained to fringe sites. Posobiec, who has 1.8 million followers on Twitter, tweeted Wednesday that “Our government has been take over by a Deranged Eunuch Class. It is up to us to displace them and dismantle their corrupt apparatus.”
Steven Crowder, a conservative commentator with 1.9 million Twitter followers, tweeted Monday night “Tomorrow is war. Sleep well.”
Twitter has not taken action on those posts or the accounts. A spokesperson for the company did not respond to a request for comment.
The violent rhetoric is spreading across alternative social media sites too, such as Gab, Parler, Getter, which boast little to no content moderation policies and attract right wing audiences — especially users banned from the mainstream sites.
Collectively, the posts that have emerged online, across platforms, highlight a “nice little shopping list of far-right narratives,” said Jared Holt, senior research manager at the Institute for Strategic Dialogue (ISD).
“It’s like a big firehose of incendiary content that has kind of blown back towards the news item in these spaces,” he said.
Even as the rhetoric has grown more intense, the distance from the political fringe to the political mainstream has shortened.
According to Kann, inflammatory rhetoric that once may have been confined to fringe sites and from far-right figures has been embraced even by politicians with large followings on mainstream platforms like Twitter and Facebook, a dynamic which “emboldens” far-right influencers to be “even more violent,” she said.
“It also mainstreams that sort of violent rhetoric to the everyday person, which is really scary to think about,” Kann said.
Outspoken far-right lawmaker Rep. Marjorie Taylor Greene’s (R-Ga.) tweets have added to the right-wing chorus, with the political firebrand calling to “defund” the FBI, casting the raid as “tyrannical” and likening the situation to action in a “civil war.”
Shannon Hiller, executive director of Princeton’s nonpartisan Bridging Divides Initiative, which seeks to track and mitigate political violence, said American politics was in a “sensitive moment,” one that called for leaders to tamp down tensions, not heighten them.
She pointed to Govs. Larry Hogan of Maryland and Asa Hutchinson of Arkansas as examples of Republican leaders who, though critical of DOJ’s lack of transparency, had expressed their views without further inflaming political discourse, unlike some of their GOP colleagues.
“I do think that other GOP leaders who wink and nod to extremist rhetoric are playing with fire,” she said. “We know from other research that leaders calling for calm and rejecting violence has a positive effect on reducing risk, that’s what we should be calling for from all our leaders now.”
Trump, for his part, has continued to use his megaphone to ratchet up the temperature. On Wednesday, the former president suggested, without evidence, that federal agents had planted evidence on his property, again depicting himself as the victim of a shadowy “raid.”
Legal experts refuted Trump’s depiction of the FBI operation, and underscored the stakes of the investigation — as well as the backlash.
“Even though a judge issued the search warrant for Trump’s home, which requires a finding of probable cause that a crime was committed and that evidence would be found on the premises, Trump and his supporters are going on the offensive and engaging in heated rhetoric that DOJ has somehow treated Trump improperly,” said Barbara McQuade, a law professor at the University of Michigan, who spent seven years as a federal prosecutor during Barack Obama’s presidency. “It is amazing to me how many people are willing to take the bait.”
“I think the risk of civil unrest is very real, but DOJ cannot let that fear prevent it from enforcing the law,” she added, calling the Jan. 6 attack a “sobering” reminder not to underestimate “the threat of political violence by those who support Donald Trump.”
Experts noted a key difference between online posts ahead of the Jan. 6 riot at the Capitol and fallout from the FBI’s search of Mar-a-Lago. While the run-up to the Jan. 6 attack saw the emergence of a specific plan, posts circulating online this week have lacked the same concerted tie to a specific time and place.
At least not yet, said Holt, of ISD, who added that the security situation would continue to be closely monitored.
“We’re starting to track some calls for protests, we’ve seen a couple kind of floated around, but nothing’s really centralizing at this point,” he said. “There have been at least a couple instances where this has inspired extremists to call for protests or call for mobilization. We’re going to keep an eye on that and see how that evolves.” | https://www.texomashomepage.com/news/national-news/pro-trump-backlash-to-fbi-search-fuels-concern-over-political-violence/ | 2022-08-11T11:42:19Z | https://www.texomashomepage.com/news/national-news/pro-trump-backlash-to-fbi-search-fuels-concern-over-political-violence/ | true |
(The Hill) — The World Health Organization is renaming monkeypox amid concerns that the name may be considered racist and might not accurately describe the origin of the virus.
WHO director general Tedros Adhanom Ghebreyesus said in mid-June that the organization would be renaming monkeypox.
“WHO is also working with partners and experts from around the world on changing the name of #monkeypox virus, its clades and the disease it causes. We will make announcements about the new names as soon as possible,” he said, according to WHO.
A group of scientists wrote a joint statement earlier in June urging for monkeypox to be renamed, calling the current name “discriminatory and stigmatizing.”
“The prevailing perception in the international media and scientific literature is that [monkeypox virus] is endemic in people in some African countries. However, it is well established that nearly all [monkeypox virus] outbreaks in Africa prior to the 2022 outbreak, have been the result of spillover from animals to humans and only rarely have there been reports of sustained human-to-human transmissions,” they said.
“In the context of the current global outbreak, continued reference to, and nomenclature of this virus being African is not only inaccurate but is also discriminatory and stigmatizing. The most obvious manifestation of this is the use of photos of African patients to depict the pox lesions in mainstream media in the global north.”
There are also concerns about whether the name of the virus accurately describes the origin of monkeypox. The virus received its name because it was first found in monkey colonies in 1958, but the Centers for Disease Control and Prevention noted that the actual source of the virus is unclear.
That’s led some officials to warn people against targeting monkeys over the disease.
“What people need to know very clearly is the transmission we are seeing is happening between humans to humans. It’s close contact transmission. So the concern should be about where it’s transmitting in the human population, and what humans can do to protect themselves from getting it and transmitting it. They should certainly not be attacking any animals,” WHO spokesperson Margaret Harris said on Tuesday.
The renaming campaign comes amid the backdrop of the COVID-19 pandemic, which former President Trump has referred to as the ‘China virus” and “Wuhan virus.” WHO officials have warned not to use that terminology, given that it can stigmatize the Asian community. | https://www.wearegreenbay.com/news/national/why-the-who-is-renaming-monkeypox/ | 2022-08-11T11:50:43Z | https://www.wearegreenbay.com/news/national/why-the-who-is-renaming-monkeypox/ | true |
SHANGHAI, Aug. 11, 2022 /PRNewswire/ -- Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy", the "Company" or "we"), a leading manufacturer of high-purity polysilicon for the global solar PV industry, today announced that the Company's board of directors has approved its 2022 share incentive plan in order to attract and retain the best available talents and provide additional incentives to its key employees, directors and officers.
The aggregate number of shares issuable under the 2022 share incentive plan is 37,253,465 ordinary shares, which represents approximately 10% of the Company's total outstanding ordinary shares. The Company granted 37,253,465 restricted share units ("RSUs") to its key employees, directors and officers on August 10, 2022. Each of the Company's American Depositary Shares ("ADSs") represents five ordinary shares. Based on the closing price of $70.71 per ADS of the Company on August 10, 2022, the Company expects to recognize approximately $263.4 million of non-cash share-based compensation expenses in the third quarter of 2022, and approximately $7.3 million of non-cash share-based compensation expenses in each of the months commencing from October 2022 to September 2025.
About Daqo New Energy Corp.
Daqo New Energy Corp. (NYSE: DQ) ("Daqo" or the "Company") is a leading manufacturer of high-purity polysilicon for the global solar PV industry. Founded in 2007, the Company manufactures and sells high-purity polysilicon to photovoltaic product manufactures, who further process the polysilicon into ingots, wafers, cells and modules for solar power solutions. The Company has a total polysilicon nameplate capacity of 105,000 metric tons and is one of the world's lowest cost producers of high-purity polysilicon.
For more information, please visit www.dqsolar.com
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar statements. The Company may make written or oral forward-looking statements in its reports filed or furnished to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Among other things, the Company's expected share-based compensation expenses contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, all of which are difficult or impossible to predict accurately and many of which are beyond the Company's control. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the demand for photovoltaic products and the development of photovoltaic technologies; global supply and demand for polysilicon; alternative technologies in cell manufacturing; the Company's ability to significantly expand its polysilicon production capacity and output; the reduction in or elimination of government subsidies and economic incentives for solar energy applications; the Company's ability to lower its production costs; changes in the political and regulatory environment; and the duration of COVID-19 outbreaks in China and many other countries and the impact of the outbreaks and the quarantines and travel restrictions instituted by relevant governments on economic and market conditions, including potentially weaker global demand for solar PV installations that could adversely affect the Company's business and financial performance. Further information regarding these and other risks is included in the reports or documents the Company has filed with, or furnished to, the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date hereof, and the Company undertakes no duty to update such information or any forward-looking statement, except as required under applicable law.
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SOURCE Daqo New Energy Corp. | https://www.1011now.com/prnewswire/2022/08/11/daqo-new-energy-adopts-2022-share-incentive-plan-grants-rsus-its-key-employees-directors-officers/ | 2022-08-11T11:52:28Z | https://www.1011now.com/prnewswire/2022/08/11/daqo-new-energy-adopts-2022-share-incentive-plan-grants-rsus-its-key-employees-directors-officers/ | true |
Futures extend gains ahead of more data on inflation
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Aug 11 (Reuters) - U.S. stock index futures crawled higher on Thursday, adding to strong gains from the previous session on first signs of cooling inflation, with investors looking for more evidence from data on producer prices and the labor market.
Following a softer-than-expected rise in consumer prices on Wednesday, investors slashed their bets of another super-sized interest-rate hike, driving the main indexes sharply higher.
The gains came even as Federal Reserve policymakers left no doubt they will continue to tighten monetary policy until price pressures are fully broken. read more
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Traders are now pricing in a more than 60% chance that the U.S. central bank will hike interest rate by 50 basis points, rather than the 75 basis points previously expected. IRPR
Producer prices data and the latest jobless claims numbers are due at 8:30 am ET.
As of the last close, the Nasdaq (.IXIC) was more than 20% above its June low, but still short of its peak in November to confirm a new bull market.
The tech-heavy index is down 17.9% year-to-date despite its recent rebound, as expectations of aggressive monetary policy sapped appetite for equities, particularly high-growth stocks.
At 07:01 a.m. ET, Dow e-minis were up 129 points, or 0.39%, S&P 500 e-minis were up 11.5 points, or 0.27%, and Nasdaq 100 e-minis were up 19 points, or 0.14%.
Banks looked set to extend their climb higher, with Bank of America (BAC.N) up 1% in premarket trading, while megacap growth and technology stocks that led the overnight rally were mixed.
Walt Disney (DIS.N) jumped 7.8% as the media giant edged past rival Netflix Inc (NFLX.O) with 221 million streaming customers and announced it will increase prices for customers who want to watch Disney+ or Hulu without commercials. read more
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Our Standards: The Thomson Reuters Trust Principles. | https://www.reuters.com/markets/europe/futures-extend-gains-ahead-more-data-inflation-2022-08-11/ | 2022-08-11T11:53:42Z | https://www.reuters.com/markets/europe/futures-extend-gains-ahead-more-data-inflation-2022-08-11/ | true |
-- Mike Kaufmann to Step Down as Chief Executive Officer and from Board of Directors --
-- Jason Hollar, Chief Financial Officer, Named Chief Executive Officer --
-- Patricia English to Serve as Interim Chief Financial Officer --
DUBLIN, Ohio, Aug. 11, 2022 /PRNewswire/ -- Cardinal Health (NYSE: CAH) announced today that its Board of Directors has elected Jason Hollar as the company's next Chief Executive Officer, effective September 1, 2022. Hollar will also join the Board of Directors effective August 11, 2022. Hollar will succeed current Chief Executive Officer, Mike Kaufmann.
Hollar, an experienced financial and operating executive, has served as Cardinal Health's Chief Financial Officer since May 2020, leading financial activities across the enterprise, including financial strategy, capital deployment, treasury, tax, investor relations, risk management, accounting and reporting. During his tenure, he has helped Cardinal Health prioritize investments in growth businesses, strengthened the balance sheet, and returned capital to shareholders. Prior to joining Cardinal Health, Hollar served as Chief Financial Officer and Executive Vice President for Tenneco. Before that, Hollar served as Chief Financial Officer and Senior Vice President of finance for Sears Holdings Corporation.
In addition, Patricia English will serve as Cardinal Health's interim Chief Financial Officer, working with Hollar to ensure a smooth transition. English currently serves as Chief Accounting Officer and Senior Vice President of Cardinal Health and previously served as Vice President of accounting in both the pharmaceutical and medical segments. Cardinal Health's Board will engage an executive search firm to evaluate candidates for the permanent Chief Financial Officer position.
"Mike has been a tremendous leader during his tenure at Cardinal Health, helping the company navigate a period of unprecedented challenges, directing strategic investments for growth and innovation, and cultivating an inclusive and vibrant workforce culture. We are grateful for Mike's many contributions over his more than 30 years of service and wish him the best in his future endeavors," said Gregory Kenny, Cardinal Health's Independent Chairman of the Board. "We look forward to leveraging Jason's broad executive experience and are confident in his ability to lead Cardinal Health on a path to long-term growth."
Kaufmann said, "I am grateful for the privilege of serving alongside such a dedicated, purpose-driven, and talented team over the past three decades. It was truly the honor of a lifetime to serve as CEO of Cardinal Health these last five years. The Board and I are confident that Jason is the right person to lead Cardinal Health in the years to come."
Hollar said, "I sincerely appreciate the confidence the Board has placed in me to help position the company for future growth. This is a transformational period at Cardinal Health and I am humbled to have the opportunity to lead a business that plays such a vital role in the healthcare ecosystem. I look forward to working closely with Cardinal Health's talented employees, management team, and Board as we continue to build upon our strong foundation and deliver value to our customers, communities and shareholders."
Hollar continued, "I also look forward to continuing to work alongside Trish, who has been a valuable member of the Cardinal Health family for over sixteen years. She brings a strong combination of financial expertise and leadership experience to the role as interim Chief Financial Officer."
About Jason Hollar
Jason Hollar has been Chief Financial Officer of Cardinal Health since May 2020, leading financial activities across the enterprise including financial strategy, capital deployment, treasury, tax, investor relations, accounting and reporting. Hollar has deep executive experience as well as expertise leading in dynamic environments, most recently serving as the Chief Financial Officer of Tenneco Inc., a global automotive products and services company. As Tenneco's Executive Vice President and Chief Financial Officer, Hollar was responsible for financial planning and analysis, accounting and reporting, tax, treasury and investor relations for the company. Hollar joined Tenneco in June 2017 from Sears Holdings Corporation, where he served as Chief Financial Officer and Senior Vice president finance. Prior to Sears, Hollar worked with both Delphi Automotive and Navistar International in a number of senior finance roles. He served as Delphi's corporate controller and as Vice President of finance for the company's powertrain systems division, which also included oversight of the Europe, Middle East and Africa regions. At Navistar, he held finance positions of increasing responsibility in the company's engine group, South America operations and corporate financial planning and analysis. Hollar received his Master of Business Administration from The University of Chicago and his bachelor's degree in business from Indiana University.
About Patricia English
Patricia English has served as Chief Accounting Officer and Senior Vice President of Cardinal Health since September 2020. She previously served as Vice President, pharmaceutical segment accounting at Cardinal Health from January 2019 to August 2020. She also served as Vice President, medical segment accounting from March 2015 to December 2018 and as director, pharmaceutical distribution accounting from June 2011 to March 2015. English holds a bachelor's degree in accounting from The Ohio State University.
Webcast
Cardinal Health will host a webcast today at 8:30 a.m. Eastern to discuss fourth quarter and full year results. To access the webcast and corresponding slide presentation, go to the Investor Relations page at ir.cardinalhealth.com. No access code is required. Presentation slides and a webcast replay will be available until August 10, 2023.
About Cardinal Health
Cardinal Health is a distributor of pharmaceuticals, a global manufacturer and distributor of medical and laboratory products, and a provider of performance and data solutions for health care facilities. With 50 years in business, operations in more than 30 countries and approximately 44,000 employees globally, Cardinal Health is essential to care. Information about Cardinal Health is available at cardinalhealth.com.
Contacts
Media: Erich Timmerman, erich.timmerman@cardinalhealth.com and 614.757.8231
Investors: Kevin Moran, kevin.moran@cardinalhealth.com and 614.757.7942
Cautions concerning forward-looking statements
This release contains forward-looking statements addressing expectations, prospects, estimates and other matters that are dependent upon future events or developments. These statements may be identified by words such as "expect," "anticipate," "intend," "plan," "believe," "will," "should," "could," "would," "project," "continue," "likely," and similar expressions, and include statements reflecting future results or guidance, statements of outlook and various accruals and estimates. These matters are subject to risks and uncertainties that could cause actual results to differ materially from those projected or implied.
Forward-looking statements are subject to risks, uncertainties and other factors that may cause actual results to differ materially from those stated in or implied by the forward-looking statements. All forward-looking statements should be evaluated in the context of these risks, uncertainties and other factors, including those factors disclosed under "Risk Factors" in the Company's most recent Annual Report on Form 10-K and as modified by Forms 10-Q and 8-Ks. All forward-looking statements are qualified in their entirety by these and other cautionary statements that the Company makes from time to time in its SEC filings and public communications. The Company undertakes no obligation, and specifically disclaims any duty, to update or revise any forward-looking statements as a result of new information, future events or circumstances, or otherwise, except as otherwise required by law. As a result of these risks and uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements included herein or that may be made elsewhere from time to time by, or on behalf of, the Company.
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SOURCE Cardinal Health | https://www.wbtv.com/prnewswire/2022/08/11/cardinal-health-announces-leadership-changes/ | 2022-08-11T11:54:28Z | https://www.wbtv.com/prnewswire/2022/08/11/cardinal-health-announces-leadership-changes/ | true |
CALGARY, AB, Aug. 11, 2022 /PRNewswire/ - Frontera Energy Corporation (TSX: FEC) ("Frontera" or the "Company") announces that the Company has taken up and paid for 5,416,666 of its outstanding common shares (the "Shares") at a price of $12.00 per Share (the "Purchase Price") under its substantial issuer bid pursuant to which the Company offered to purchase from shareholders for cancellation up to $65 million (equivalent to US$50 million) of Shares (the "Offer"). All dollar amounts are in Canadian dollars unless otherwise specified.
The Shares taken up and paid for by the Company represent approximately 5.84% of the total number of Frontera's issued and outstanding Shares as of August 8, 2022. The aggregate Purchase Price is equal to approximately $65 million. After the cancellation of the Shares taken up and paid for by the Company, Frontera anticipates that 87,408,875 Shares will be issued and outstanding.
6,498,558 Shares were validly tendered and not withdrawn pursuant to auction tenders at or below the Purchase Price and pursuant to purchase price tenders. Since the Offer was oversubscribed, shareholders who made auction tenders at or below the Purchase Price and shareholders who made, or were deemed to have made, purchase price tenders will have the number of Shares purchased prorated (other than "odd lot" tenders, which are not subject to proration).
Shareholders who made auction tenders at or below the Purchase Price and shareholders who made, or were deemed to have made, purchase price tenders will have approximately 83.3% of their tendered Shares purchased by the Company. Shareholders who made auction tenders at a price in excess of the Purchase Price should not expect to have any of their Shares purchased by the Company. 609 Shares were taken up and purchased pursuant to proportionate tenders.
Payment for Shares taken up by the Company under the Offer will be effected by Computershare Investor Services Inc., the depositary for the Offer, on or about August 15, 2022, in accordance with the Offer and applicable law. Any Shares not taken up, including such Shares not taken up as a result of proration or Shares tendered pursuant to auction tenders at prices higher than the Purchase Price or invalidly tendered, will be returned to shareholders as soon as practicable.
To assist shareholders in determining the tax consequences of the Offer, Frontera estimates that a deemed dividend in the amount of $2.04 per Share was triggered on the repurchase of each Share, based on the estimated paid-up capital of $9.96 per Share at August 8, 2022. The dividend deemed to have been paid by Frontera to Canadian resident persons is designated as an "eligible dividend" for purposes of the Income Tax Act (Canada) and any corresponding provincial and territorial tax legislation.
For the purposes of subsection 191(4) of the Income Tax Act (Canada), the "specified amount" in respect of each Share is $11.41.
Shareholders should consult with their own tax advisors with respect to the income tax consequences of the disposition of their Shares under the Offer.
The terms and conditions of the Offer are described in the offer to purchase and issuer bid circular dated June 24, 2022, letter of transmittal, notice of guaranteed delivery, and notice of variation dated July 25, 2022, copies of which were filed and are available without charge on SEDAR at www.sedar.com.
This news release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell Shares.
Frontera Energy Corporation is a Canadian public company involved in the exploration, development, production, transportation, storage and sale of oil and natural gas in South America, including related investments in both upstream and midstream facilities. The Company has a diversified portfolio of assets with interests in 33 exploration and production blocks in Colombia, Ecuador and Guyana, and pipeline and port facilities in Colombia. Frontera is committed to conducting business safely and in a socially, environmentally and ethically responsible manner.
If you would like to receive news releases via email as soon as they are published, please subscribe here: http://fronteraenergy.mediaroom.com/subscribe.
This news release contains forward-looking information or forward-looking statements (collectively, "forward-looking statements") within the meaning of applicable securities laws, including statements as to the timing of payment for the Shares taken up under the Offer, the number Shares issued and outstanding after the cancellation of the Shares taken up and paid for by the Company, the estimated deemed dividend triggered on the repurchase of each Share, the estimated "specified amount" in respect of each Share and the return of Shares not purchased under the Offer. Any such forward-looking statements are based on information currently available to us and are based on assumptions and analyses made by us in light of our experience and our perception of historical trends and current market and other conditions. Readers should also refer to the risk factors set forth in the Company's annual information form and management's discussion and analysis for the year ended December 31, 2021, each dated March 2, 2022, and the Company's management's discussion and analysis for the three and six months ended June 30, 2022, available on SEDAR at www.sedar.com. There can be no assurance that the plans, intentions or expectations upon which forward-looking statements are based will be realized. Actual results may differ, and the difference may be material and adverse to the Company and its shareholders.
Follow Frontera's social media channels at the following links:
Twitter: https://twitter.com/fronteraenergy?lang=en
Facebook: https://es-la.facebook.com/FronteraEnergy/
LinkedIn: https://co.linkedin.com/company/frontera-energy-corp.
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SOURCE Frontera Energy Corporation | https://www.wbtv.com/prnewswire/2022/08/11/frontera-announces-completion-substantial-issuer-bid/ | 2022-08-11T11:56:21Z | https://www.wbtv.com/prnewswire/2022/08/11/frontera-announces-completion-substantial-issuer-bid/ | true |
An Apple in the Big Apple.
Gwyneth Paltrow and her daughter Apple Martin recently enjoyed a quick mother-daughter trip to New York City. The Iron Man star shared all the cute photos documenting their girls' trip to her Instagram Stories—and it's clear that the duo were not without their twinning moments.
Alongside a solo photo of her daughter posted Aug. 10, Gwyneth—who shares Apple, 18, and son Moses, 16, with ex Chris Martin—wrote that she had "48 hours in NYC with this beauty." The actress—who is now married to writer Brad Falchuk—then followed that pic up with footage of their adventurous time together, which included getting facials, shopping, eating out at restaurants and attending a Sam Fender concert together.
The pair's latest getaway comes a little over two months after the family celebrated Apple's high school graduation. And shortly before that, the actress gushed about her mini-me on her 18th birthday.
"I could not be more proud of the woman you are," Gwyneth captioned an Instagram photo of Apple May 14. "You are everything I could have dreamed of and so much more."
As the actress put it, "Proud doesn't cover it, my heart swells with feelings I can't put into words. You are deeply extraordinary in every way."
Read on to see more photos from the extraordinary mother-daughter pair: | https://www.eonline.com/ca/news/1341655/gwyneth-paltrow-proves-apple-martin-is-her-mini-me-in-photos-from-mother-daughter-trip-to-nyc | 2022-08-11T12:01:31Z | https://www.eonline.com/ca/news/1341655/gwyneth-paltrow-proves-apple-martin-is-her-mini-me-in-photos-from-mother-daughter-trip-to-nyc | true |
LOS ANGELES, Aug. 11, 2022 /PRNewswire/ -- Global Garden® has teamed with Canobi AgTech of Maxville Ontario to bring revolutionary monitoring, automation, and optimization technology to indoor cannabis farmers and food agriculturalists across the United States. Designed to manage an entire Indoor Farming Operation, Canobi AgTech's SaaS-based Indoor Farm Management platform is the next step in agricultural intelligence.
As climate change, rising population, and new legislation continue to fuel the upward trend of indoor agriculture, the need for streamlining farming operations has never been more critical. The Canobi framework integrates with existing sensors, devices, and systems to provide real-time monitoring, alerting, data visualization, automation, and optimization of farm and business processes for both small and large scale cultivators.
Canobi AgTech was built with a cultivation-first mindset, focusing priority on the needs of the plant rather than imposing the technology onto the plant. Canobi connects with and monitors sensors and systems 24/7, to pinpoint humidity, temperature, CO2 pockets, and much more. High-resolution monitoring allows for the collection of thousands of data points vertically and horizontally throughout the grow room. Combined with access to historical data for complex analysis, Canobi's management platform enables farmers to dial-in rooms and build optimized SOPs, recipes, and playbooks that will drive farm automation to ensure consistently high-yields with exceptional quality.
Canobi AgTech is the brainchild of ERP veteran and indoor farming visionary Robin Vincent. After six years of consulting in Indoor Farm Management, Mr. Vincent saw a future where data-driven farming would actualize the dream of indoor agriculture at scale. Food security, mitigating the impacts of climate change, and commercial agriculture sustainability are at the core of Canobi's vision of empowering local indoor farming to feed the world sustainably.
"Global Garden® has always maintained a position of supporting only products that bring high value and ROI to our customers," says Global Garden® Managing Partner, Jonathan Bayle. "Canobi AgTech products align perfectly with that mission; not only in product excellence, but service and support as well."
Global Garden® was founded in 2014 by co-owners Jonathan Bayle and Chuck Lee. Headquartered in Torrance, CA, Global Garden® prides itself on curating only high quality, best-in-class products that offer efficient solutions to growers.
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SOURCE Global Garden | https://www.kait8.com/prnewswire/2022/08/11/future-indoor-farming-automation-optimization-global-garden-partners-with-canobi-agtech-bringing-revolutionary-tech-indoor-cannabis-food-farmers/ | 2022-08-11T12:03:25Z | https://www.kait8.com/prnewswire/2022/08/11/future-indoor-farming-automation-optimization-global-garden-partners-with-canobi-agtech-bringing-revolutionary-tech-indoor-cannabis-food-farmers/ | false |
NEW YORK and CORK, Ireland, Aug. 11, 2022 /PRNewswire/ -- J.P. Morgan (NYSE: JPM) today completed its previously announced acquisition of Global Shares, a leading cloud-based provider of share plan management software.
With the addition of Global Shares, J.P. Morgan becomes an industry-leading provider of innovative employee ownership solutions to private and public companies globally. Companies and employees will benefit from Global Shares' share plan services, as well as J.P. Morgan's comprehensive suite of wealth management, executive financial services and other banking products and services.
Founded in 2005, Global Shares has an expansive client base of approximately 650 corporate clients that range from early-stage start-ups to mature multinational public corporations. The firm has nearly $200 billion in assets under administration across over 800,000 corporate employee participants. It operates with an experienced team of more than 600 employees and is headquartered in Cork, Ireland with 20 locations across Europe, the Middle East & Africa, North America, and Asia Pacific.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorgan Chase had $3.8 trillion in assets and $286.1 billion in stockholders' equity as of June 30, 2022. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world's most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
View original content:
SOURCE J.P. Morgan | https://www.kait8.com/prnewswire/2022/08/11/jp-morgan-completes-acquisition-global-shares/ | 2022-08-11T12:03:57Z | https://www.kait8.com/prnewswire/2022/08/11/jp-morgan-completes-acquisition-global-shares/ | false |
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Galera Therapeutics, Inc. Quarterly Report (Form10)
Accepted:
Form Type:
10-Q
Accession Number:
0000950170-22-015753 | https://www.benzinga.com/secfilings/22/08/28414281/galera-therapeutics-inc-quarterly-report-form10 | 2022-08-11T12:04:42Z | https://www.benzinga.com/secfilings/22/08/28414281/galera-therapeutics-inc-quarterly-report-form10 | true |
GOLDEN, Colo. (AP) _ Golden Minerals Co. (AUMN) on Thursday reported a loss of $2.8 million in its second quarter.
On a per-share basis, the Golden, Colorado-based company said it had a loss of 2 cents.
The precious metals mining company posted revenue of $5.9 million in the period.
The company's shares closed at 33 cents. A year ago, they were trading at 46 cents.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AUMN at https://www.zacks.com/ap/AUMN | https://www.seattlepi.com/business/article/Golden-Minerals-Q2-Earnings-Snapshot-17366379.php | 2022-08-11T12:05:18Z | https://www.seattlepi.com/business/article/Golden-Minerals-Q2-Earnings-Snapshot-17366379.php | false |
SimpliSafe vs. Ring: Which home security system is better?
When it comes to do-it-yourself home security, SimpliSafe and Ring are both solid options. These security systems are flexible and can be customized to suit your needs, whether you want to protect a small apartment or a multistory house. With either option, you can create the perfect system to monitor your home while benefiting from a personalized experience.
Even though both systems are similar, they do have a few differences when it comes to privacy, cost, monitoring and overall customer experience.
SimpliSafe
Launched in 2006, SimpliSafe was initially designed as a way to provide DIY security for those who rented their home. Today, it offers individual and complete security setups for homeowners as well.
With SimpliSafe, you have the option to create your security system or to choose a predesigned package. These packages include anywhere from three to 14 or more devices meant to protect your home. For example, The Haven includes 14 items, including a base station, keypad, four entry sensors and a panic button.
The company also offers the following four service plans for additional benefits:
- Unmonitored: This gives you access to your cameras’ live video feeds through an app. It also records the past seven days’ activity. You can change settings, lock or unlock the Smart Lock and control the entire system through the app. This plan does not require a monthly payment.
- Self-monitoring: With this, you get access to your recordings from five cameras for up to 30 days. You also get the option to download your recordings onto other devices. It costs $9.99 a month.
- Standard monitoring: Unlike the previous two plans, this one includes 24/7 professional monitoring of your home. If something happens, they will contact the authorities, such as police or medical dispatch, to investigate. With this plan, you can also detect dangers, such as water leaks. It also comes with a built-in cellular connection in case you lose your internet connection. It costs $17.99 a month.
- Interactive monitoring: As the biggest plan, this one comes with everything the standard plan has plus unlimited camera recordings, on-demand video recording and a monthly camera subscription. It’s also compatible with Alexa or Google Assistant. It costs $27.99 a month.
SimpliSafe systems range from around $229-$489.
SimpliSafe pros
- Versatile security devices, such as indoor and outdoor cameras, smart locks, motion sensors, glass break sensors, panic buttons and video doorbells
- Customizable home security system for renters and homeowners
- Plans come with a one-month free trial period so you can test out what works
- No subscription or contract required
- Easy installation and setup of devices
- Easy to add or remove sensors in an existing system
- Three-year warranty on all devices
SimpliSafe cons
- Connecting SimpliSafe with an Amazon Echo device or other smart home device requires the Interactive Monitoring Plan
- The Alexa integration is spottier than with Ring home systems
- Limited camera options
- Some alerts and notifications are tied to a paid subscription
Best SimpliSafe devices
SimpliSafe Nine-Piece Wireless Home Security System With HD Camera
This security system contains nine devices, including the base security, motion sensors and a camera. The motion sensors can detect movement from up to 30 feet away and have a 90-degree field of view. This system also comes with 24-hour battery backup in case the power goes out. It’s easy to set up and install.
Sold by Amazon
Designed to detect the sound of broken glass around windows or doors, this sensor pairs easily with an existing SimpliSafe setup. It has a 20-foot range and runs on a battery.
Sold by Amazon
This security doorbell comes with a 1080p HD camera that offers a 162-degree field of view. It’s easy to install and works well day or night. It also has two-way audio and can detect the heat signature of people nearby.
Sold by Amazon
Ring
Founded in 2012 by Jamie Simioff, Ring is now a subsidiary of Amazon. As a DIY home security system, it offers many devices, such as wall-mounted security cameras, video doorbells, indoor cameras, floodlight cameras and customizable home security kits.
You can either build your system using Ring’s online quiz or go with an existing one. For example, one setup includes a base station, a keypad, several contact sensors, a range extender and a motion detector.
Ring offers a 30-day trial of Ring Protect once you install a Ring camera, doorbell or kit and start using the app. It also offers a few protection plans, including:
- Free: This is the default plan and includes motion-activated notifications, real-time video, theft protection and two-way talk. It also comes with real-time alerts when an individual triggers a sensor or rings the doorbell.
- Basic: This plan works with one camera or doorbell and can record any activity for up to 180 days. It also provides snapshot capture, regular notifications and the option to download videos. It costs $3.99 monthly or $39.99 yearly.
- Plus: With this plan, you get video recording for all paired Ring devices. It also comes with an extended warranty for these devices. It costs $10 a month or $100 a year.
- Pro: This plan includes everything from the Plus plan, but it also comes with 24/7 professional monitoring, Alexa Guard Plus, digital security and more. It costs $20 a month or $200 a year.
A standard Ring setup costs $199-$299.
Ring pros
- Offerings include cameras, such as floodlight or doorbell cameras, smart keypads, panic buttons, motion sensors, environment sensors and smart lights
- Option to pair third-party security devices to the larger system
- No contract required
- Easy-to-install devices
- Convenient app lets you adjust settings as needed
- Highly flexible home security system
Ring cons
- Devices sometimes have connection issues due to spotty internet connections
- Does not include certain sensors, such as glass-breaking sensors
- Limited warranty compared to SimpliSafe
- Potential privacy issue in which Ring can let police access your recordings
Best Ring devices
Ring Alarm Eight-Piece Kit (Second Generation)
This eight-piece alarm kit is ideal for homes with one or two bedrooms. It comes with a base station, a keypad, four contact sensors and a motion detector. There’s also the option to add either an Echo Dot, an indoor camera or a video doorbell.
Sold by Amazon
Ring Indoor Cam Compact Plug-In HD Security Camera
These three indoor cameras are compact and easy to add to an existing Ring security system. They plug into any standard outlet and can connect to the Ring app or pair with Alexa. They’re also compact, so they fit nearly anywhere.
Sold by Amazon
This video doorbell comes with a 1080p HD video camera and has motion detection. When you connect it to a smart device, such as a phone or computer, you can communicate with anyone at the front door from anywhere. The device also sends you notifications whenever someone presses the doorbell. If desired, you can add an Echo Show 5 or a Ring Chime for added security.
Sold by Amazon
Should you get a SimpliSafe security system or a Ring security system?
Both Ring and SimpliSafe are reliable home security systems that are easy to set up and customize as needed. They each offer a free monitoring service and several optional plans to upgrade your home security.
However, if you want a more budget-friendly option that’s flexible and lets you pair your security devices with third-party devices, Ring is the better option. But if you’re looking for added protection, such as glass break sensors, and are interested in a longer warranty, SimpliSafe has the edge.
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Angela Watson writes for BestReviews. BestReviews has helped millions of consumers simplify their purchasing decisions, saving them time and money.
Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://www.wearegreenbay.com/reviews/br/services-br/security-br/simplisafe-vs-ring-which-is-the-best-security-system-for-your-home/ | 2022-08-11T12:05:41Z | https://www.wearegreenbay.com/reviews/br/services-br/security-br/simplisafe-vs-ring-which-is-the-best-security-system-for-your-home/ | false |
RADNOR, Pa. (AP) _ Marinus Pharmaceuticals Inc. (MRNS) on Thursday reported a loss of $39.4 million in its second quarter.
On a per-share basis, the Radnor, Pennsylvania-based company said it had a loss of $1.06.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 93 cents per share.
The epilepsy drug developer posted revenue of $1.8 million in the period, also missing Street forecasts. Five analysts surveyed by Zacks expected $2.3 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MRNS at https://www.zacks.com/ap/MRNS | https://www.expressnews.com/business/article/Marinus-Pharmaceuticals-Q2-Earnings-Snapshot-17366454.php | 2022-08-11T12:05:57Z | https://www.expressnews.com/business/article/Marinus-Pharmaceuticals-Q2-Earnings-Snapshot-17366454.php | true |
There are some things it seems everyone who wants to be the president must do.
After meeting the constitutional requirements of being 35 and a U.S. citizen by birth, they have to get breakfast in New Hampshire.
There are some things it seems everyone who wants to be the president must do.
After meeting the constitutional requirements of being 35 and a U.S. citizen by birth, they have to get breakfast in New Hampshire.
Former vice President Mike Pence will meet that requirement next Wednesday when he drops in on the very traditional pre-presidential Politics & Eggs breakfast series at St. Anselm College in Goffstown.
Since the late 90s, almost every candidate to take a primary debate stage in the months before a presidential election has made a trip to the Granite State’s Queen City for an appearance at the series.
“Pence’s intention to run for president is clear,” University of New Hampshire Political Science Professor Dante Scala told the Herald. “But just as clear are the formidable obstacles he faces among a GOP electorate still quite friendly toward Pence’s former boss.”
Although Pence’s visit was initially announced last month, the schedule now places it squarely in the wake of the FBI’s raid on former President Donald Trump’s home, Mar-A-Lago.
Though Pence was the target of enormous pressure by Trump and his supporters to scuttle certification of the election, he came to the defense of the former president on Tuesday after the FBI raid, saying he shared “the deep concerns of millions of Americans” over the search of Trump’s private residence.
Pence stopped short of attacking the FBI. Instead, saying Attorney General Merrick Garland should “give a full accounting to the American people as to why this action was taken and he must do so immediately.”
Pence’s relationship with Trump has been described as ‘strained’ in many outlets, but Trump is, by all accounts, still the Republican party’s leading pick for the 2024 election, consistently leading polls.
Pence and his former boss had a showdown of sorts just this week in the Wisconsin gubernatorial primary.
Pence visited the state to campaign for former Lt. Gov. Rebecca Kleefisch, against her Trump-backed opponent construction company co-owner Tim Michels.
Michels won the primary on Tuesday.
Distributed by Tribune Content Agency, LLC.
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A receipt was sent to your email. | https://www.unionleader.com/news/politics/voters/new-hampshire-pre-presidential-pitstop-to-host-former-vp-mike-pence-next-week/article_d7b2d272-fdf4-56c0-b167-cd621b447b2e.html | 2022-08-11T12:07:28Z | https://www.unionleader.com/news/politics/voters/new-hampshire-pre-presidential-pitstop-to-host-former-vp-mike-pence-next-week/article_d7b2d272-fdf4-56c0-b167-cd621b447b2e.html | false |
CHESTERBROOK, Pa. (AP) _ Trevena Inc. (TRVN) on Thursday reported a loss of $15 million in its second quarter.
On a per-share basis, the Chesterbrook, Pennsylvania-based company said it had a loss of 9 cents.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRVN at https://www.zacks.com/ap/TRVN | https://www.sfchronicle.com/business/article/Trevena-Q2-Earnings-Snapshot-17366414.php | 2022-08-11T12:09:09Z | https://www.sfchronicle.com/business/article/Trevena-Q2-Earnings-Snapshot-17366414.php | false |
Published: Aug. 11, 2022 at 6:30 AM CDT|Updated: 39 minutes ago
Q2 revenue up 0.7% from a year ago; 2.7% in constant currency
Q2 operating earnings of $8.2 million and earnings per share of $0.06 down from a year ago primarily due to a non-cash impairment charge related to our operations in Russia
Adjusted operating earnings of $22.3 million; up 63% from a year ago
Completed the acquisition of Pediatric Therapeutic Services in May to extend our leading position in K-12 education
TROY, Mich., Aug. 11, 2022 /PRNewswire/ -- Kelly (Nasdaq: KELYA, KELYB), a leading specialty talent solutions provider, today announced results for the second quarter of 2022.
Peter Quigley, president and chief executive officer, announced revenue for the second quarter of 2022 totaled $1.3 billion, a 0.7% increase, or 2.7% in constant currency, compared to the corresponding quarter of 2021. Revenue improved year-over-year in the quarter reflecting increased customer demand compared to the COVID-19-impacted prior year period, as well as the impact of the recent acquisitions of RocketPower, a recruitment process outsourcing firm, and Pediatric Therapeutic Services, a specialty firm providing in-school therapy services.
Earnings from operations in the second quarter of 2022 totaled $8.2 million, compared to $13.7 million reported in the second quarter of 2021. Earnings in the second quarter of 2022 include an asset impairment charge related to our decision to transition our business in Russia and a gain on sale of assets related to the disposition of under-utilized real property located in the United States. Excluding those items, adjusted earnings from operations were $22.3 million compared to $13.7 million in the second quarter of 2021. Earnings improved as a result of revenue growth combined with structural improvement in gross profit rate and expense leverage.
Earnings per share in the second quarter of 2022 were $0.06 compared to earnings per share of $0.60 in the second quarter of 2021. Included in the earnings per share in the second quarter of 2022 is a $0.48 per share asset impairment charge, net of tax, related to our decision to transition our business in Russia and an $0.08 per share gain on sale of assets, net of tax, related to the disposition of under-utilized real property located in the United States. Included in the second quarter of 2021 is earnings per share of $0.11 gain, net of tax, related to non-cash gains, net of tax, on Persol Holding common shares. On an adjusted basis, earnings per share were $0.45 in the second quarter of 2022 compared to $0.49 in the corresponding quarter of 2021. Adjusted earnings per share in the second quarter of 2022 declined as a result of higher 2022 tax expense compared to the same period in 2021.
"We saw solid demand for Kelly's specialties in the second quarter and, importantly, we are successfully translating revenue into strong gross profit growth. We drove significant improvement in our gross profit rate year over year, due to our continued positive shift in business mix toward higher-margin products and specialties boosted by our specialty acquisitions," said Quigley. "We have significant capital available to enable growth, and we are putting that capital to work to drive shareholder value. While there is some economic uncertainty in the second half of the year, we are confident that our focused and well-capitalized specialization strategy will continue to deliver value in 2022 and beyond."
Kelly also reported that on August 10, its board of directors declared a dividend of $0.075 per share. The dividend is payable on September 7, 2022 to stockholders of record as of the close of business on August 24, 2022.
In conjunction with its second-quarter earnings release, Kelly has published a financial presentation on the Investor Relations page of its public website and will host a conference call at 9 a.m. ET on August 11 to review the results and answer questions. The call may be accessed in one of the following ways:
Via the Telephone (877) 692-8955 (toll free) or (234) 720-6979 (caller paid) Enter access code 5728672 After the prompt, please enter "#"
A recording of the conference call will be available after 2:30 p.m. ET on August 11, 2022, at (866) 207-1041 (toll-free) and (402) 970-0847 (caller-paid). The access code is 8237932#. The recording will also be available at kellyservices.com during this period.
This release contains statements that are forward looking in nature and, accordingly, are subject to risks and uncertainties. These factors include, but are not limited to, changing market and economic conditions, the impact of the novel coronavirus (COVID-19) outbreak, competitive market pressures including pricing and technology introductions and disruptions, disruption in the labor market and weakened demand for human capital resulting from technological advances, competition law risks, the impact of changes in laws and regulations (including federal, state and international tax laws), unexpected changes in claim trends on workers' compensation, unemployment, disability and medical benefit plans, or the risk of additional tax liabilities in excess of our estimates, our ability to achieve our business strategy, our ability to successfully develop new service offerings, material changes in demand from or loss of large corporate customers as well as changes in their buying practices, risks particular to doing business with government or government contractors, the risk of damage to our brand, our exposure to risks associated with services outside traditional staffing, including business process outsourcing, services of licensed professionals and services connecting talent to independent work, our increasing dependency on third parties for the execution of critical functions, our ability to effectively implement and manage our information technology strategy, the risks associated with past and future acquisitions, including risk of related impairment of goodwill and intangible assets, risks associated with conducting business in foreign countries, including foreign currency fluctuations, risks associated with violations of anti-corruption, trade protection and other laws and regulations, availability of qualified full-time employees, availability of temporary workers with appropriate skills required by customers, liabilities for employment-related claims and losses, including class action lawsuits and collective actions, our ability to sustain critical business applications through our key data centers, risks arising from failure to preserve the privacy of information entrusted to us or to meet our obligations under global privacy laws, the risk of cyberattacks or other breaches of network or information technology security, our ability to realize value from our tax credit and net operating loss carryforwards, our ability to maintain specified financial covenants in our bank facilities to continue to access credit markets, and other risks, uncertainties and factors discussed in this release and in the Company's filings with the Securities and Exchange Commission. Actual results may differ materially from any forward-looking statements contained herein, and we undertake no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.
About Kelly®
Kelly Services, Inc. (Nasdaq: KELYA, KELYB) connects talented people to companies in need of their skills in areas including Science, Engineering, Education, Office, Contact Center, Light Industrial, and more. We're always thinking about what's next in the evolving world of work, and we help people ditch the script on old ways of thinking and embrace the value of all workstyles in the workplace. We directly employ more than 350,000 people around the world, and we connect thousands more with work through our global network of talent suppliers and partners in our outsourcing and consulting practice. Revenue in 2021 was $4.9 billion. Visit kellyservices.com and let us help with what's next for you.
KLYA-FIN
KELLY SERVICES, INC. AND SUBSIDIARIES RECONCILIATION OF NON-GAAP MEASURES (UNAUDITED)
Management believes that the non-GAAP (Generally Accepted Accounting Principles) information excluding the 2022 sale of the Persol Holdings investment, the 2022 and 2021 gains and losses on the fair value changes of the investment in Persol Holdings, the 2022 losses on foreign currency matters, the 2022 gains on sale of assets and the impairment of assets held for sale, are useful to understand the Company's fiscal 2022 financial performance and increases comparability. Specifically, Management believes that removing the impact of these items allows for a meaningful comparison of current period operating performance with the operating results of prior periods. Management also believes that such measures are used by those analyzing performance of companies in the staffing industry to compare current performance to prior periods and to assess future performance.
Management uses Adjusted EBITDA (adjusted earnings before interest, taxes, depreciation and amortization) and Adjusted EBITDA Margin (percent of total GAAP revenue) which Management believes is useful to compare operating performance compared to prior periods and uses it in conjunction with GAAP measures to assess performance. Our calculation of Adjusted EBITDA may not be consistent with similarly titled measures of other companies and should be used in conjunction with GAAP measurements.
These non-GAAP measures may have limitations as analytical tools because they exclude items which can have a material impact on cash flow and earnings per share. As a result, Management considers these measures, along with reported results, when it reviews and evaluates the Company's financial performance. Management believes that these measures provide greater transparency to investors and provide insight into how Management is evaluating the Company's financial performance. Non-GAAP measures should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP.
(1) In 2022, the loss on the investment in Persol Holdings represents the change in fair value up until the date of the sale of the investment on February 15, 2022 as well as the loss on the sale of the investment during the period presented and the related tax benefit. In 2021, the gain on the investment in Persol Holdings represents the change in fair value of the investment during the period presented and the related tax expense.
(2) In 2022, the loss on foreign currency matters includes a $20.4 million loss on currency translation resulting from the substantially complete liquidation of the Company's Japan entity, partially offset by a $5.5 million foreign exchange gain on the Japan entity's USD-denominated cash balance. The foreign exchange gain is included in other (income) expense, net in the EBITDA calculation.
(3) Gain on sale of assets in 2022 is related to the sale of under-utilized real property in the second quarter of 2022 and other real property sold in the first quarter of 2022.
(4) Impairment of assets held for sale represents the write-down of the net assets of the Russian operations that are classified as held for sale as of the second quarter of 2022.
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.kwch.com/prnewswire/2022/08/11/kelly-reports-second-quarter-2022-earnings/ | 2022-08-11T12:09:16Z | https://www.kwch.com/prnewswire/2022/08/11/kelly-reports-second-quarter-2022-earnings/ | false |
AAA reports the average price of gas in the United States has fallen below $4 a gallon. That's a sharp drop from an average of $5 a gallon just a little over a month ago.
Copyright 2022 NPR
AAA reports the average price of gas in the United States has fallen below $4 a gallon. That's a sharp drop from an average of $5 a gallon just a little over a month ago.
Copyright 2022 NPR | https://www.knau.org/2022-08-11/gas-prices-have-dropped-1-in-a-little-over-a-month-whats-driving-the-dip | 2022-08-11T12:10:29Z | https://www.knau.org/2022-08-11/gas-prices-have-dropped-1-in-a-little-over-a-month-whats-driving-the-dip | false |
(The Hill) — The World Health Organization is renaming monkeypox amid concerns that the name may be considered racist and might not accurately describe the origin of the virus.
WHO director general Tedros Adhanom Ghebreyesus said in mid-June that the organization would be renaming monkeypox.
“WHO is also working with partners and experts from around the world on changing the name of #monkeypox virus, its clades and the disease it causes. We will make announcements about the new names as soon as possible,” he said, according to WHO.
A group of scientists wrote a joint statement earlier in June urging for monkeypox to be renamed, calling the current name “discriminatory and stigmatizing.”
“The prevailing perception in the international media and scientific literature is that [monkeypox virus] is endemic in people in some African countries. However, it is well established that nearly all [monkeypox virus] outbreaks in Africa prior to the 2022 outbreak, have been the result of spillover from animals to humans and only rarely have there been reports of sustained human-to-human transmissions,” they said.
“In the context of the current global outbreak, continued reference to, and nomenclature of this virus being African is not only inaccurate but is also discriminatory and stigmatizing. The most obvious manifestation of this is the use of photos of African patients to depict the pox lesions in mainstream media in the global north.”
There are also concerns about whether the name of the virus accurately describes the origin of monkeypox. The virus received its name because it was first found in monkey colonies in 1958, but the Centers for Disease Control and Prevention noted that the actual source of the virus is unclear.
That’s led some officials to warn people against targeting monkeys over the disease.
“What people need to know very clearly is the transmission we are seeing is happening between humans to humans. It’s close contact transmission. So the concern should be about where it’s transmitting in the human population, and what humans can do to protect themselves from getting it and transmitting it. They should certainly not be attacking any animals,” WHO spokesperson Margaret Harris said on Tuesday.
The renaming campaign comes amid the backdrop of the COVID-19 pandemic, which former President Trump has referred to as the ‘China virus” and “Wuhan virus.” WHO officials have warned not to use that terminology, given that it can stigmatize the Asian community. | https://www.kron4.com/news/national/why-the-who-is-renaming-monkeypox/ | 2022-08-11T12:12:00Z | https://www.kron4.com/news/national/why-the-who-is-renaming-monkeypox/ | true |
BARRIE, ON, Aug. 11, 2022 /PRNewswire/ - MediPharm Labs Corp. (TSX: LABS) (OTCQX: MEDIF) (FSE: MLZ) ("MediPharm" or the "Company") a pharmaceutical company specialized in precision-based cannabinoids, is pleased to announce it will release second quarter financial results for the three and six month period ended June 30, 2022 before markets open on Monday, August 15, 2022.
MediPharm's executive management team will also host a conference call and audio webcast on Monday, August 15, 2022, at 8:30 a.m. eastern time to discuss the Company's financial results and outlook.
Toll-free number: 1 (888) 330-2454 / International number: 1 (240) 789-2714 / Conference ID: 4921762
Participants are asked to dial in approximately 15 minutes before the start of the call.
An audio webcast will be available in the Events section of the MediPharm website https://www.medipharmlabs.com/investors or by visiting the following link here.
For those who are unable to participate on the live conference call or webcast, a replay will be available approximately one hour after completion of the call.
Founded in 2015, MediPharm specializes in the development and manufacture of purified, pharmaceutical-quality cannabis concentrates, API and advanced derivative products utilizing a Good Manufacturing Practices certified facility with ISO standard-built clean rooms. MediPharm has invested in an expert, research driven team, state-of-the-art technology, downstream purification methodologies and purpose-built facilities with five primary extraction lines for delivery of pure, trusted and precision-dosed cannabis products for its customers. Through its wholesale and white label platforms, MediPharm formulates, develops (including through sensory testing), processes, packages and distributes cannabis extracts and advanced cannabinoid-based products to domestic and international markets.
In 2021, MediPharm received a Drug Establishment Licence from Health Canada, becoming the only company in North America to hold a domestic Good Manufacturing Practices licence for the extraction of natural cannabinoids. The Company carries out its operations in compliance with all applicable laws in the countries in which it operates.
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; the inability of MediPharm to obtain adequate financing; the delay or failure to receive regulatory approvals; and other factors discussed in MediPharm's filings, available on the SEDAR website at www.sedar.com. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, MediPharm assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change.
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Phase 2 BRACELET-1 trial fully enrolled and advancing towards a randomized data readout that is expected to inform the design of a registrational study in HR+/HER2- breast cancer
Achieved success criteria for efficacy in Stage 1 of the GOBLET trial's pancreatic cancer cohort with partial responses in all phase 1b patients
Clinical biomarker data show pelareorep remodeling tumor microenvironments to improve prognosis and decrease the risk of recurrence in HR+/HER2- breast cancer patients
$33.7 million in cash and cash equivalents provides projected runway into the second half of 2023 and through key clinical readouts in breast and pancreatic cancer
Management hosting conference call and webcast today at 8:30 a.m. ET
SAN DIEGO and CALGARY, AB, Aug. 11, 2022 /PRNewswire/ -- Oncolytics Biotech® Inc. (NASDAQ: ONCY) (TSX: ONC) today announced recent operational highlights and financial results for the second quarter ended June 30, 2022. All dollar amounts are expressed in Canadian currency unless otherwise noted.
"Recent clinical data in breast and pancreatic cancer highlight pelareorep's multifaceted mechanism of action and the broad therapeutic benefits it confers," said Dr. Matt Coffey, President and Chief Executive Officer of Oncolytics Biotech Inc. "Results from AWARE-1 showed pelareorep activating cancer-killing T cells and modifying HR+/HER2- breast tumor microenvironments in ways that improve patient prognosis and long-term outlook. In the GOBLET trial's pancreatic cancer cohort, we were thrilled to see objective responses in all phase 1b patients, suggesting pelareorep's clinically demonstrated synergy with checkpoint inhibition in breast cancer extends into additional difficult-to-treat indications. Together, these findings further position pelareorep as an immune platform molecule that can enhance the efficacy of a variety of drug classes to improve treatment paradigms across a range of indications."
Dr. Coffey continued, "As we move forward, we are focused internally on pursuing strong signals of efficacy observed with pelareorep in breast and pancreatic cancer. With BRACELET-1 now fully enrolled, we are on a clear path towards a randomized phase 2 readout that is expected to validate prior positive survival data and catalyze our advancement into a registrational breast cancer study. If GOBLET's initial results continue to show similar indications of efficacy, we will work to move expeditiously towards a late-stage pancreatic cancer trial that will de-risk our pipeline and provide additional opportunities to create stakeholder value. Alongside these internal programs, we continue to leverage preclinical data demonstrating pelareorep's synergy with CAR T cells against solid tumors to advance business development efforts. We are fortunate to be supported in these various endeavors by a suite of top-flight biopharma collaborators, which allows us to execute on our objectives with a capital-efficient approach."
Second Quarter and Subsequent Highlights
Breast Cancer Program
Completed enrollment in phase 2 BRACELET-1 trial
BRACELET-1 is a randomized phase 2 trial in HR+/HER2- metastatic breast cancer that is being conducted under a co-development agreement with Pfizer Inc. and Merck KGaA (Darmstadt, Germany). Data from the trial represent the final confirmatory component of a data package Oncolytics intends to share with regulators to align on the best design for a registrational study. This package will also include the results of IND-213, a prior randomized phase 2 study in HR+/HER2- breast cancer that showed a statistically significant near doubling of median overall survival when pelareorep was combined with paclitaxel.
Following the completion of BRACELET-1's 16-week patient monitoring period and database lock, Oncolytics will provide Pfizer and Merck KGaA with a study report. Delivery of the report will trigger a contractually-obligated 90-day exclusivity period during which the data cannot be publicly disclosed. Based on the expected timing of these steps, Oncolytics anticipates the public disclosure of BRACELET-1's data to occur at a major oncology meeting in the first half of 2023. The change in the expected timing of the trial's first data announcement will allow Oncolytics and its partners and collaborators to showcase not only top-line data on overall response rate, but also mature progression-free survival data, evolving overall survival data, and translational data. Oncolytics believes presenting this dataset as a whole will aid in its efforts to advance pelareorep towards registration as efficiently as possible. Oncolytics remains engaged with regulators and partners as it plans its registration program.
Biomarker data from AWARE-1 show pelareorep remodeling tumor microenvironments to improve prognosis and decrease the risk of recurrence in HR+/HER2- breast cancer patients
A poster presentation at the European Society for Medical Oncology (ESMO) Breast Cancer Meeting featured data from AWARE-1's first two cohorts, which evaluated changes in HR+/HER2- breast tumor microenvironments (TMEs) following treatment with pelareorep and letrozole without (cohort 1) or with (cohort 2) Roche's anti-PD-L1 checkpoint inhibitor atezolizumab. These data showed the prognosis of patients improving and their risk of cancer recurrence decreasing following treatment, as assessed by the well-validated PAM50 gene expression assay (link to PR, link to poster). All evaluable patients had a 'low' Risk of Recurrence Score after treatment compared to only 55% at baseline. Statistically significant increases in markers of tumor cell death and T cell activation were also observed. Together, these data further demonstrate pelareorep's ability to activate the immune system and remodel TMEs in ways that improve the long-term outlook of cancer patients. Oncolytics anticipates presenting final AWARE-1 data in the fourth quarter of 2022.
Gastrointestinal Cancer Program
Achieved success criteria for efficacy in Stage 1 of the GOBLET trial's pancreatic cancer cohort with partial responses in all phase 1b patients
Initial clinical data from the phase 1/2 GOBLET study's pancreatic cancer cohort were featured in a poster at the ESMO World Congress on Gastrointestinal Cancer 2022 (link to PR, link to poster). These data revealed a strong efficacy signal with all phase 1b patients (n = 3) achieving a partial response following treatment with pelareorep in combination with atezolizumab and the chemotherapeutic agents gemcitabine and nab-paclitaxel. With these responses, the pancreatic cancer cohort has achieved the pre-specified success criteria for Stage 1. An independent safety review identified no safety concerns associated with the study treatment and recommended the study continue as planned. Collectively, these data suggest pelareorep synergizes with atezolizumab in pancreatic cancer and strongly support its continued evaluation in this highly challenging and prevalent indication. Oncolytics plans to report additional efficacy data on all evaluable patients in Stage 1 of GOBLET's pancreatic cancer cohort at a major medical meeting in late 2022.
Additional Immunotherapeutic Opportunity
Science Translational Medicine paper provides external validation for the synergistic efficacy of pelareorep combined with chimeric antigen receptor (CAR) T cell therapy in murine solid tumor models
While long-term cures have been achieved with CAR T cell therapies in hematologic malignancies1, their efficacy against solid tumors has generally been poor. This severely limits the therapeutic and commercial potential of these therapies, as solid tumors represent the vast majority of cancer cases. A peer-reviewed preclinical study published in Science Translational Medicine suggests that pelareorep has the potential to realize the value of CAR T cells by enabling their success against solid tumors. In murine models of brain and skin cancer, loading CAR T cells with pelareorep led to statistically significant survival benefits compared to treatment with CAR T therapy alone (link to PR, link to the paper). The efficacy of pelareorep-loaded CAR T cells was augmented when mice received a subsequent intravenous dose (boost) of pelareorep, with results showing tumor cures in >80% of treated mice in each model. These impressive results were linked to the ability of pelareorep-loaded CAR T cells to overcome the three most significant barriers to effective CAR T therapy by dramatically increasing CAR T cell persistence, reversing immunosuppressive TMEs, and reducing antigen escape. Pelareorep's ability to reduce antigen escape was due to the generation of dual-specific CAR T cells that targeted both tumor-derived and pelareorep proteins within the tumor. These immunotherapeutic effects position pelareorep to substantially expand the commercial potential presented by CAR T cell therapies since solid tumors offer a significant and unaddressed opportunity.
Corporate Updates
Elected James T. Parsons to the Board of Directors
Mr. Parsons has over twenty years of executive experience in the life sciences industry and served as Chief Financial Officer (CFO) of the immuno-oncology company Trillium Therapeutics Inc. through its acquisition by Pfizer for an aggregate purchase price of approximately US$2.2 billion.
Financial Highlights
- As of June 30, 2022, the Company reported $33.7 million in cash and cash equivalents.
- Operating expense for the second quarter of 2022 was $2.8 million, compared to $3.5 million for the second quarter of 2021.
- R&D expense for the second quarter of 2022 was $3.2 million, compared to $3.2 million for the second quarter of 2021.
- The net loss for the second quarter of 2022 was $5.1 million, compared to a net loss of $7.2 million in the second quarter of 2021. The basic and diluted loss per share was $0.09 in the second quarter of 2022, compared to a basic and diluted loss per share of $0.13 in the second quarter of 2021.
- Net cash used in operating activities for the second quarter of 2022 was $6.9 million, compared to $6.8 million in the second quarter of 2021.
Anticipated Milestones and Catalysts
- Additional efficacy data on all evaluable patients in Stage 1 of the phase 1/2 GOBLET study's pancreatic cohort: Q4 2022
- Final AWARE-1 study data: Q4 2022
- Clinical data from Adlai Nortye's bridging trial in HR+/HER2- metastatic breast cancer patients: Q4 2022
- Overall response rate, progression-free survival, and evolving overall survival data from phase 2 BRACELET-1 metastatic breast cancer study: H1 2023
Webcast and Conference Call
Management will host a conference call for analysts and institutional investors at 8:30 a.m. ET today, August 11, 2022. To access the call, please dial (888) 220-8474 (North America) or (647) 484-0475 (International) and, if needed, provide confirmation number 8806-576. A live webcast of the call will also be available by clicking here or on the Investor Relations page of Oncolytics' website (LINK) and will be archived for three months. A dial in replay will be available for one week and can be accessed by dialing (888) 203-1112 (North America) or (647) 436-0148 (International) and using replay code: 8806-576#.
ONCOLYTICS BIOTECH INC.
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
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ONCOLYTICS BIOTECH INC.
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS
(unaudited)
(in Canadian dollars, except share amounts)
ONCOLYTICS BIOTECH INC.
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
(unaudited)
(in Canadian dollars)
ONCOLYTICS BIOTECH INC.
CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS
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References
1. Melenhorst, J.J., Chen, G.M., Wang, M. et al. Decade-long leukaemia remissions with persistence of CD4+ CAR T cells. Nature (2022). https://doi.org/10.1038/s41586-021-04390-6
About Oncolytics Biotech Inc.
Oncolytics is a biotechnology company developing pelareorep, an intravenously delivered immunotherapeutic agent. This compound induces anti-cancer immune responses and promotes an inflamed tumor phenotype -- turning 'cold' tumors 'hot' -- through innate and adaptive immune responses to treat a variety of cancers.
Pelareorep has demonstrated synergies with immune checkpoint inhibitors and may also be synergistic with other approved oncology treatments. Oncolytics is currently conducting and planning clinical trials evaluating pelareorep in combination with checkpoint inhibitors and targeted therapies in solid and hematological malignancies as it advances towards a registration study in metastatic breast cancer.
For further information, please visit: www.oncolyticsbiotech.com.
This press release contains forward-looking statements, within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended and forward-looking information under applicable Canadian securities laws (such forward-looking statements and forward-looking information are collectively referred to herein as "forward-looking statements"). Forward-looking statements contained in this press release include statements regarding Oncolytics' belief as to the potential and benefits of pelareorep as a cancer therapeutic; Oncolytics' expectations as to the purpose, design, outcomes and benefits of its current or pending clinical trials involving pelareorep; our belief that our recent clinical data further positions pelareorep as an immune platform molecule that can enhance the efficacy of a variety of drug classes to improve treatment paradigms across a range of indications; our internal focus on pursuing strong signals of efficacy observed with pelareorep in breast and pancreatic cancer; our belief that we are on a clear path towards a randomized phase 2 readout that is expected to validate prior positive survival data and catalyze our advancement into a registrational breast cancer study; our plans in the event that GOBLET's initial results continue to show indications of efficacy, including moving expeditiously towards a late-stage pancreatic cancer trial that will de-risk our pipeline and provide additional opportunities to create stakeholder value; our plans to continue to leverage preclinical data demonstrating pelareorep's synergy with CAR T cells against solid tumors to advance business development efforts; our plans to report additional data from GOBLET's pancreatic cancer cohort at a major medical meeting in late 2022; our expectation that pelareorep could substantially expand the commercial potential presented by CAR T cell therapies; and other statements related to anticipated developments in Oncolytics' business and technologies. In any forward-looking statement in which Oncolytics expresses an expectation or belief as to future results, such expectations or beliefs are expressed in good faith and are believed to have a reasonable basis, but there can be no assurance that the statement or expectation or belief will be achieved. Such forward-looking statements involve known and unknown risks and uncertainties, which could cause Oncolytics' actual results to differ materially from those in the forward-looking statements. Such risks and uncertainties include, among others, the availability of funds and resources to pursue research and development projects, the efficacy of pelareorep as a cancer treatment, the success and timely completion of clinical studies and trials, Oncolytics' ability to successfully commercialize pelareorep, uncertainties related to the research and development of pharmaceuticals, uncertainties related to the regulatory process and general changes to the economic environment. In particular, we may be impacted by business interruptions resulting from COVID-19 coronavirus, including operating, manufacturing supply chain, clinical trial and project development delays and disruptions, labour shortages, travel and shipping disruption, and shutdowns (including as a result of government regulation and prevention measures). It is unknown whether and how Oncolytics may be affected if the COVID-19 pandemic persists for an extended period of time. We may incur expenses or delays relating to such events outside of our control, which could have a material adverse impact on our business, operating results and financial condition. Investors should consult Oncolytics' quarterly and annual filings with the Canadian and U.S. securities commissions for additional information on risks and uncertainties relating to the forward-looking statements. Investors are cautioned against placing undue reliance on forward-looking statements. The Company does not undertake any obligation to update these forward-looking statements, except as required by applicable laws.
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Rescued beagle puppies visit nursing home
FAIRFAX COUNTY, Va. (WJLA) - Six-week-old beagle puppies rescued from a Virginia breeding facility visited seniors at a nursing home in Fairfax County.
“Oh, I like it. I like puppies. I haven’t had one in a long time,” resident Julia Doyle said.
The staff at Promedica Skilled Nursing had heard about the ongoing mission to save 4,000 beagles that were bred to be sold to labs for experimentation, so they reached out to Homeward Trails Animal Shelter to ask whether any of the recently rescued puppies might be able to stop by.
“We’re always looking for fun activities for our residents and I thought, you know, there’s nothing more fun or that would bring joy to the residents than having some puppies visit,” nursing home staff Cindy Oplinger said.
There was lots of joy from both the residents and the puppies on Wednesday afternoon.
“Oh, we used to have a beagle and it’s so nice to see a puppy again. I love puppies,” resident Carol Brashares said.
It was a successful outing for the puppies eager to be loved and to give love as well.
“I think everybody wins. Yeah, it’s wonderful, and that was the whole point of bringing in the puppies today. We couldn’t be happier,” Oplinger said.
Copyright 2022 WJLA via CNN Newsource. All rights reserved. | https://www.wagmtv.com/2022/08/11/rescued-beagle-puppies-visit-nursing-home/ | 2022-08-11T12:17:02Z | https://www.wagmtv.com/2022/08/11/rescued-beagle-puppies-visit-nursing-home/ | true |
Aviat urges shareholders to vote on the GOLD proxy card for ALL FIVE Aviat nominees to elect directors who will support near- and long-term value creation at Ceragon
AUSTIN, Texas, Aug. 11, 2022 /PRNewswire/ -- Aviat Networks, Inc. (NASDAQ: AVNW) ("Aviat"), the leading expert in wireless transport solutions, today issued the following open letter to shareholders of Ceragon Networks Ltd. (NASDAQ: CRNT) ("Ceragon" or the "Company") to correct the latest false claims and mischaracterizations made by Ceragon's Board of Directors ("Board") in its August 8, 2022 letter to shareholders.
Dear fellow Ceragon shareholders,
Aviat has given the Board many opportunities to consider and negotiate a transaction that would provide shareholders like you immediate value at a significant premium. Rather than engage in fruitful discussion, the Board has delayed, deferred and attempted to distract you with a series of false and misleading arguments designed to disguise their persistent failure to deliver value. Earlier this week, the Board rejected Aviat's revised proposal to acquire Ceragon for $3.08 per share in cash and stock, in another letter that distorts the record and which is replete with false claims and mischaracterizations. We're writing to you today to once again set the record straight.
THE PROPOSED TRANSACTION WOULD DELIVER SIGNIFICANT VALUE TO SHAREHOLDERS, IN EXCESS OF WHAT CERAGON CAN ACHIEVE THROUGH ITS CURRENT STRATEGY, AND WITH SUBSTANTIALLY LESS EXECUTION RISK.
- Aviat's revised proposal represents a substantial premium of 47% to the closing price of Ceragon shares on June 27, 2022, of $2.09 (the last close price prior to Aviat's first public offer) and a 64% premium to Ceragon's 60-day volume-weighted average share price of $1.88.
- Analysts' price targets reflect what Ceragon could achieve at some point in the future. However, following several quarters of operational challenges, a rising debt load, negative EPS and cash flow, and a botched chip rollout, we see these targets as, at best, highly aspirational. If Ceragon were to combine with Aviat, it would have the management, discipline, resources and broader platform to achieve its full potential.
- Ceragon lowered its annual guidance in the first quarter of 2022, and in the second quarter it missed top line consensus, continuing its pattern of underperformance, having missed analysts' consensus earnings expectations for five of the last ten quarters. Continued performance at these woeful levels will lead to analyst price target reductions.
- While Ceragon touts its progress in North America, industry league tables list Aviat as the number one player in North America, with Ceragon not even among the top three.1
- In its August 8 report, independent proxy advisory firm Institutional Shareholder Services ("ISS") noted that Ceragon, "underperformed peers and the Nasdaq index over all measurement periods ended on the unaffected date… While revenue growth deceleration has also been an issue at peers, the Company's gross margins are below pre-pandemic levels and have not shown signs of recovery over the past several quarters."2 ISS is an independent shareholder advisory service whose recommendations are relied upon by thousands of institutional investors.
Results like these are what Ceragon's Board expects you to believe is "strong business momentum." Since the beginning of 2019, Ceragon has incurred negative free cash flow of $48 million as it has attempted to produce its much-delayed next generation chip, and this burn rate has accelerated as the company has consumed $35 million of the $48 million in just the last 18 months. We believe that this 28-nanometer chip, when it is finally rolled out, will consume more power and create cost, system design, and supply chain challenges. Ceragon's debt-laden balance sheet will not support the expensive redesign needed to address these problems, which we fear could lead this entrenched Board to raise additional capital through a dilutive equity offering.
The truth is that Ceragon is struggling on its own, and is not going to achieve outlandish price targets, or even its own projections. We continue to believe that Ceragon would see tremendous advantages from being part of a larger platform with more scale and resources as part of Aviat. In fact, ISS noted that a "lack of clear progress" could send Ceragon's stock lower in the absence of a transaction, including one with Aviat.
THE CERAGON BOARD HAS DONE VIRTUALLY NOTHING TO EXPLORE (AND EVERYTHING POSSIBLE TO PREVENT) A POTENTIAL TRANSACTION WITH AVIAT OR TO MAXIMIZE VALUE FOR ALL SHAREHOLDERS.
Despite Ceragon's claims to the contrary, the Board has repeatedly erected roadblocks to exploring a value creating transaction with Aviat at any price, even declining to name their own price when offered the opportunity. Instead, they indicated it would take two months to determine a price, which is not what would reasonably be expected from a party genuinely interested in "maximizing shareholder value" – and which is grossly inconsistent with how quickly they rejected both our original and revised public offers. ISS said that "it is questionable to what extent the board has been open to negotiating a deal," and that the Board "does not appear to have engaged in detailed discussions."
We have been crystal clear since making our offer public on June 27 that our very strong preference is to negotiate a mutually agreeable transaction with Ceragon, and we have always believed that eventually they would come to the bargaining table. Unfortunately, since June, Ceragon has spent less than 30 minutes total in dialogue with Aviat, preferring instead to spend their time coming up with specious objections like demanding a reverse termination fee (payable from Aviat to Ceragon if a mutual definitive agreement was entered into but could not be closed) that was both unorthodox and outrageously high (~$60 million) as a prerequisite for discussions; complaining that our proposed reverse termination fee was too low, when in fact all we proposed is that it be based on market standards; or demanding that Aviat agree that Ceragon would not have to pay a termination fee (in the event someone else proposed to buy them after they executed a definitive agreement with Aviat).
What we now recognize is that this Board cannot come to its senses, because the Board lacks the necessary independence to do the right thing for shareholders.
CERAGON SHAREHOLDERS DESERVE A CHANCE FOR GREATER VALUE. THE ZISAPEL BLOC ON THE CERAGON BOARD IS THE PROBLEM. REPLACING A MAJORITY OF THE BOARD IS THE SOLUTION.
Three members of Ceragon's seven-seat Board are closely tied to a fourth director, the Company's Chairman, Zohar Zisapel, and serve on boards or as executives of other companies he controls. Since their other business interests are closely tied to him, it is easy to understand why these directors would support Mr. Zisapel's interests over those of other Ceragon shareholders. ISS said that "investors may question to what extent they would challenge the company's chairman/co-founder." Together this bloc provides Mr. Zisapel with effective majority control of the Board.
Please note that although Mr. Zisapel founded Ceragon, he neither owns nor controls the majority of voting shares. In fact, in February 2021, he sold approximately one-third of his Ceragon shares, when the stock was trading at over $5.00 per share, well above where it has traded since, and has not replenished his position since, showing little confidence in Ceragon's future.
The Zisapel bloc has presided over considerable destruction of shareholder value:
- Former Ceragon CEO Ira Palti oversaw total shareholder return of -21% during his tenure as CEO of Ceragon versus Russell 2000 TSR of 323% during the same period. That is an underperformance of 343%. ISS agrees that Ceragon has underperformed under Mr. Palti's leadership and recommends that shareholders vote FOR his removal from the Board.
- Yael Langer, who is currently employed by Mr. Zisapel, has been on the Ceragon Board since 2000, presiding over consistent underperformance. ISS also recommends that shareholders vote FOR Ms. Langer's removal from the Board to bring a fresh view to Ceragon's challenges.
- Mr. Zisapel himself has watched Ceragon's stock price decline by 87% over the 22 years since he took Ceragon public in August 2000. He has been Chair for every one of those 22 years.
- David Ripstein was previously employed by Mr. Zisapel, and is CEO of another company that demands considerable time and attention, which leads us to fear he would be quick to defer to Mr. Zisapel and Mr. Palti.
As the Board of a publicly traded company, Ceragon's directors should represent the interests of all shareholders, not just Mr. Zisapel.
A VOTE FOR ALL OF AVIAT'S FIVE DIRECTOR NOMINEES ON THE GOLD PROXY CARD IS THE PATH TO CREATING GREATER BOARD INDEPENDENCE AND GREATER SHAREHOLDER VALUE.
All five of our nominees are thoroughly independent – from Aviat itself, from Ceragon's management and, perhaps most importantly, from Mr. Zisapel – and able to provide a fresh, unbiased perspective at a critical junction for Ceragon. No matter what Ceragon tries to allege, when elected, all five of Aviat's nominees would honor their fiduciary responsibility to maximize shareholder value and evaluate and oversee fairly not just our proposal to acquire Ceragon but also any other path to value creation.
To set the record straight on one of Ceragon's most outlandish red herrings, Aviat director nominee Jonathan Foster has the public company board experience to be an immediate asset to the Ceragon Board. Serving today on four other public company boards, service on Ceragon's Board would not make him over-boarded according to the criteria of either ISS or proxy advisory firm Glass Lewis, both of which consider a director over-boarded only if they serve on six or more boards concurrently. Ceragon has also used cherry-picked dates in an attempt to distort the record of another Aviat director nominee, Dennis Sadlowski, who as first a board member and then CEO of CECO Environmental Corporation helped that company significantly reduce its debt, strengthen its leadership team and implement strong processes and overall operational rigor.
As usual, the Ceragon Board is trying to make issues where none exist, hoping you'll excuse them for refusing to engage in discussions regarding a combination with Aviat that would yield a significant premium for shareholders and provide a more effective platform for its technologies. Only by voting FOR Aviat's proposal to remove three entrenched Ceragon directors and FOR the election of ALL FIVE of Aviat's nominees on the GOLD proxy card TODAY can shareholders realize the considerable value of this combination.
YOUR VOTE IS CRUCIAL. Please visit ValueForCeragon.com for more information.
Sincerely,
Peter A. Smith
Aviat Networks
President and Chief Executive Officer
About Aviat Networks, Inc.
Aviat Networks, Inc. is the leading expert in wireless transport solutions and works to provide dependable products, services and support to its customers. With more than one million systems sold into 170 countries worldwide, communications service providers and private network operators including state/local government, utility, federal government and defense organizations trust Aviat with their critical applications. Coupled with a long history of microwave innovations, Aviat provides a comprehensive suite of localized professional and support services enabling customers to drastically simplify both their networks and their lives. For more than 70 years, the experts at Aviat have delivered high-performance products, simplified operations, and the best overall customer experience. Aviat Networks is headquartered in Austin, Texas. For more information, visit www.aviatnetworks.com or connect with Aviat Networks on Twitter, Facebook and LinkedIn.
Forward-Looking Statements
The information contained in this document includes forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such statements include, without limitations, statements regarding the proposed transaction between Aviat and Ceragon, the results of the requested extraordinary general meeting of shareholders of Ceragon, Ceragon's actions in connection therewith, and any potential related litigation. All statements, trend analyses and other information contained herein regarding the foregoing beliefs and expectations, as well as about the markets for the services and products of Aviat and trends in revenue, and other statements identified by the use of forward-looking terminology, including, without limitation, "anticipate," "believe," "plan," "estimate," "expect," "goal," "will," "see," "continue," "delivering," "view," and "intend," or the negative of these terms or other similar expressions, constitute forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, forward-looking statements are based on estimates reflecting the current beliefs, expectations and assumptions of the senior management of Aviat regarding the future of its business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those suggested by the forward-looking statements. Forward-looking statements should therefore be considered in light of various important factors, including those set forth in this document. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause actual results to differ materially from estimates or projections contained in the forward-looking statements include the following:
- the impact of COVID-19 on our business, operations and cash flows;
- continued price and margin erosion as a result of increased competition in the microwave transmission industry;
- our ability to realize the anticipated benefits of any proposed or recent acquisitions, including our proposed transaction with Ceragon, within the anticipated timeframe or at all, including the risk that proposed or recent acquisitions will not be integrated successfully;
- the results of the extraordinary general meeting of Ceragon's shareholders;
- the impact of the volume, timing, and customer, product, and geographic mix of our product orders;
- the timing of our receipt of payment for products or services from our customers;
- our ability to meet projected new product development dates or anticipated cost reductions of new products;
- our suppliers' inability to perform and deliver on time as a result of their financial condition, component shortages, the effects of COVID-19 or other supply chain constraints;
- the effects of inflation and the timing and extent of changes in the prices and overall demand for and availability of our inputs;
- customer acceptance of new products;
- the ability of our subcontractors to timely perform;
- weakness in the global economy affecting customer spending;
- retention of our key personnel;
- our ability to manage and maintain key customer relationships;
- uncertain economic conditions in the telecommunications sector combined with operator and supplier consolidation;
- our failure to protect our Intellectual property rights or defend against Intellectual property infringement claims by others;
- the results of our restructuring efforts;
- the ability to preserve and use our net operating loss carryforwards;
- the effects of currency and interest rate risks;
- the effects of current and future government regulations, including the effects of current restrictions on various commercial and economic activities in response to the COVID-19 pandemic;
- general economic conditions, including uncertainty regarding the timing, pace and extent of an economic recovery in the United States and other countries where we conduct business;
- the conduct of unethical business practices in developing countries;
- the impact of political turmoil in countries where we have significant business;
- the impact of tariffs, the adoption of trade restrictions affecting our products or suppliers, a United States withdrawal from or significant renegotiation of trade agreements, the occurrence of trade wars, the closing of border crossings, and other changes in trade regulations or relationships; and
- Aviat's ability to implement our stock repurchase program or the extent to which it enhances long-term stockholder value.
For more information regarding the risks and uncertainties for Aviat's business, see "Risk Factors" in Aviat's Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission ("SEC") on August 25, 2021, as well as other reports filed by Aviat with the SEC from time to time. Aviat does not undertake any obligation to update publicly any forward-looking statement, whether written or oral, for any reason, except as required by law, even as new information becomes available or other events occur in the future.
Additional Information
This document does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor will there be any sale of securities in any states or jurisdictions in which such offer or sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act of 1933 or an exemption therefrom.
In connection with any transaction between Aviat and Ceragon that involves the issuance of Aviat shares to the Ceragon shareholders, Aviat will file a registration statement with the SEC. INVESTORS ARE URGED TO READ THE REGISTRATION STATEMENT, ANY AMENDMENTS THERETO AND OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TRANSACTION. Investors will also be able to obtain copies of the registration statement and other documents containing important information about each of the companies once such documents are filed with the SEC, without charge, at the SEC's web site at www.sec.gov.
Investor Contacts
Aviat Networks
Andrew Fredrickson
+1-408-501-6214
andrew.fredrickson@aviatnet.com
Okapi Partners LLC
Bruce Goldfarb / Chuck Garske / Teresa Huang
+1-212-297-0720
info@okapipartners.com
Media Contact
Abernathy MacGregor
Sydney Isaacs / Jeremy Jacobs
+1-212-371-5999
sri@abmac.com / jrj@abmac.com
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SOURCE Aviat Networks, Inc. | https://www.wagmtv.com/prnewswire/2022/08/11/aviat-networks-issues-open-letter-ceragon-networks-shareholders-correct-latest-false-claims-mischaracterizations-ceragon-board/ | 2022-08-11T12:17:28Z | https://www.wagmtv.com/prnewswire/2022/08/11/aviat-networks-issues-open-letter-ceragon-networks-shareholders-correct-latest-false-claims-mischaracterizations-ceragon-board/ | true |
Agreement expands upon the companies' collaboration since 2019 to include simulation technology and services
TROY, Mich., Aug. 11, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), has once again been named an official supplier of Luna Rossa Prada Pirelli for the 37th America's Cup. Under this agreement, Altair will supply the Luna Rossa Prada Pirelli team with simulation technology, engineering consulting, and other services designed to maximize its boat performance.
"Altair prides itself on empowering our customers and partners, and we believe our technology gives the Luna Rossa Prada Pirelli team a significant boost when looking to improve their designs, workflows, and real-world performance," said Brett Chouinard, chief product and strategy officer, Altair. "It's a thrill to see how our sophisticated software combined with unparalleled insights from the simulation data supports and enhances the design of this world-class boat."
The Luna Rossa Prada Pirelli team uses a multitude of Altair's simulation tools – including Altair OptiStruct, HyperWorks, AcuSolve, Radioss, Compose and HyperStudy – to design most of its carbon fiber components and to maximize boat performance. Additionally, the team uses Altair's tools to study the structural side of fluid structure interaction (FSI). These tools give the Luna Rossa Prada Pirelli team unmatched insight into how different structures and components will react when faced with dynamic sailing conditions.
And in this latest collaboration, Luna Rossa Prada Pirelli is utilizing Altair experts on-site to help them understand, act upon, and maximize the intelligence the team gleans from simulation data. By having access to Altair experts in-person, the team can better push the simulation tools to their limits and act on the data they receive from simulation runs and computations.
To ensure the Luna Rossa Prada Pirelli team had the capabilities it needs to maximize its workflow and boat performance, the Altair team tailored specific features within the Simulation 2022 software update release to better satisfy the team's needs and processes.
"In a competition where margins are razor-thin and improvements require best-in-class tools and engineering expertise, it's invaluable to have a partner like Altair at our side," said Alessandro Franceschetti, head of structural engineering, Luna Rossa Prada Pirelli team. "Altair gives us the best of both worlds in regard to speed and accuracy within simulations, ensuring we don't have to sacrifice one for the other. And having their experts shoulder-to-shoulder with our team is a huge step forward for us. We're thrilled to see what the future has in store for the team aided by Altair's technology and staff."
Franceschetti will be a keynote speaker at the upcoming Altair Future.Industry event on October 4, where he will discuss Luna Rossa's collaboration with Altair. To attend Future.Industry, register at https://events.altair.com/future-industry.
About Altair
Altair is a global leader in computational science and artificial intelligence (AI) that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. For more information, visit https://www.altair.com/.
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SOURCE Altair | https://www.kbtx.com/prnewswire/2022/08/11/altair-named-official-supplier-luna-rossa-prada-pirelli-team-its-challenge-37th-americas-cup/ | 2022-08-11T12:17:52Z | https://www.kbtx.com/prnewswire/2022/08/11/altair-named-official-supplier-luna-rossa-prada-pirelli-team-its-challenge-37th-americas-cup/ | true |
-- Mike Kaufmann to Step Down as Chief Executive Officer and from Board of Directors --
-- Jason Hollar, Chief Financial Officer, Named Chief Executive Officer --
-- Patricia English to Serve as Interim Chief Financial Officer --
DUBLIN, Ohio, Aug. 11, 2022 /PRNewswire/ -- Cardinal Health (NYSE: CAH) announced today that its Board of Directors has elected Jason Hollar as the company's next Chief Executive Officer, effective September 1, 2022. Hollar will also join the Board of Directors effective August 11, 2022. Hollar will succeed current Chief Executive Officer, Mike Kaufmann.
Hollar, an experienced financial and operating executive, has served as Cardinal Health's Chief Financial Officer since May 2020, leading financial activities across the enterprise, including financial strategy, capital deployment, treasury, tax, investor relations, risk management, accounting and reporting. During his tenure, he has helped Cardinal Health prioritize investments in growth businesses, strengthened the balance sheet, and returned capital to shareholders. Prior to joining Cardinal Health, Hollar served as Chief Financial Officer and Executive Vice President for Tenneco. Before that, Hollar served as Chief Financial Officer and Senior Vice President of finance for Sears Holdings Corporation.
In addition, Patricia English will serve as Cardinal Health's interim Chief Financial Officer, working with Hollar to ensure a smooth transition. English currently serves as Chief Accounting Officer and Senior Vice President of Cardinal Health and previously served as Vice President of accounting in both the pharmaceutical and medical segments. Cardinal Health's Board will engage an executive search firm to evaluate candidates for the permanent Chief Financial Officer position.
"Mike has been a tremendous leader during his tenure at Cardinal Health, helping the company navigate a period of unprecedented challenges, directing strategic investments for growth and innovation, and cultivating an inclusive and vibrant workforce culture. We are grateful for Mike's many contributions over his more than 30 years of service and wish him the best in his future endeavors," said Gregory Kenny, Cardinal Health's Independent Chairman of the Board. "We look forward to leveraging Jason's broad executive experience and are confident in his ability to lead Cardinal Health on a path to long-term growth."
Kaufmann said, "I am grateful for the privilege of serving alongside such a dedicated, purpose-driven, and talented team over the past three decades. It was truly the honor of a lifetime to serve as CEO of Cardinal Health these last five years. The Board and I are confident that Jason is the right person to lead Cardinal Health in the years to come."
Hollar said, "I sincerely appreciate the confidence the Board has placed in me to help position the company for future growth. This is a transformational period at Cardinal Health and I am humbled to have the opportunity to lead a business that plays such a vital role in the healthcare ecosystem. I look forward to working closely with Cardinal Health's talented employees, management team, and Board as we continue to build upon our strong foundation and deliver value to our customers, communities and shareholders."
Hollar continued, "I also look forward to continuing to work alongside Trish, who has been a valuable member of the Cardinal Health family for over sixteen years. She brings a strong combination of financial expertise and leadership experience to the role as interim Chief Financial Officer."
About Jason Hollar
Jason Hollar has been Chief Financial Officer of Cardinal Health since May 2020, leading financial activities across the enterprise including financial strategy, capital deployment, treasury, tax, investor relations, accounting and reporting. Hollar has deep executive experience as well as expertise leading in dynamic environments, most recently serving as the Chief Financial Officer of Tenneco Inc., a global automotive products and services company. As Tenneco's Executive Vice President and Chief Financial Officer, Hollar was responsible for financial planning and analysis, accounting and reporting, tax, treasury and investor relations for the company. Hollar joined Tenneco in June 2017 from Sears Holdings Corporation, where he served as Chief Financial Officer and Senior Vice president finance. Prior to Sears, Hollar worked with both Delphi Automotive and Navistar International in a number of senior finance roles. He served as Delphi's corporate controller and as Vice President of finance for the company's powertrain systems division, which also included oversight of the Europe, Middle East and Africa regions. At Navistar, he held finance positions of increasing responsibility in the company's engine group, South America operations and corporate financial planning and analysis. Hollar received his Master of Business Administration from The University of Chicago and his bachelor's degree in business from Indiana University.
About Patricia English
Patricia English has served as Chief Accounting Officer and Senior Vice President of Cardinal Health since September 2020. She previously served as Vice President, pharmaceutical segment accounting at Cardinal Health from January 2019 to August 2020. She also served as Vice President, medical segment accounting from March 2015 to December 2018 and as director, pharmaceutical distribution accounting from June 2011 to March 2015. English holds a bachelor's degree in accounting from The Ohio State University.
Webcast
Cardinal Health will host a webcast today at 8:30 a.m. Eastern to discuss fourth quarter and full year results. To access the webcast and corresponding slide presentation, go to the Investor Relations page at ir.cardinalhealth.com. No access code is required. Presentation slides and a webcast replay will be available until August 10, 2023.
About Cardinal Health
Cardinal Health is a distributor of pharmaceuticals, a global manufacturer and distributor of medical and laboratory products, and a provider of performance and data solutions for health care facilities. With 50 years in business, operations in more than 30 countries and approximately 44,000 employees globally, Cardinal Health is essential to care. Information about Cardinal Health is available at cardinalhealth.com.
Contacts
Media: Erich Timmerman, erich.timmerman@cardinalhealth.com and 614.757.8231
Investors: Kevin Moran, kevin.moran@cardinalhealth.com and 614.757.7942
Cautions concerning forward-looking statements
This release contains forward-looking statements addressing expectations, prospects, estimates and other matters that are dependent upon future events or developments. These statements may be identified by words such as "expect," "anticipate," "intend," "plan," "believe," "will," "should," "could," "would," "project," "continue," "likely," and similar expressions, and include statements reflecting future results or guidance, statements of outlook and various accruals and estimates. These matters are subject to risks and uncertainties that could cause actual results to differ materially from those projected or implied.
Forward-looking statements are subject to risks, uncertainties and other factors that may cause actual results to differ materially from those stated in or implied by the forward-looking statements. All forward-looking statements should be evaluated in the context of these risks, uncertainties and other factors, including those factors disclosed under "Risk Factors" in the Company's most recent Annual Report on Form 10-K and as modified by Forms 10-Q and 8-Ks. All forward-looking statements are qualified in their entirety by these and other cautionary statements that the Company makes from time to time in its SEC filings and public communications. The Company undertakes no obligation, and specifically disclaims any duty, to update or revise any forward-looking statements as a result of new information, future events or circumstances, or otherwise, except as otherwise required by law. As a result of these risks and uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements included herein or that may be made elsewhere from time to time by, or on behalf of, the Company.
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SOURCE Cardinal Health | https://www.kbtx.com/prnewswire/2022/08/11/cardinal-health-announces-leadership-changes/ | 2022-08-11T12:18:25Z | https://www.kbtx.com/prnewswire/2022/08/11/cardinal-health-announces-leadership-changes/ | true |
Earth's continents were formed by giant METEORITE impacts 3.5 billion years ago, study claims
- Rocks from Australia's Pilbara Craton have revealed how continents were formed
- Their composition suggests they were created by the Earth's mantle pushing up
- It broke through the crust and formed granite which gave the craton its stability
- This occurred after the crust was weakened by bombardment from meteorites
Earth's continents were formed when our planet was bombarded with giant meteorites around 3.5 billion years ago, a new study has found.
Researchers from Curtin University in Perth, Australia analysed crystals of the mineral zircon from the Pilbara Craton to investigate its origins.
A craton is a piece of the planet's crust that has remained intact for billions of years, while other pieces broke off and moved around to form the continents.
The composition of the zircon revealed information about how the Pilbara Craton was formed.
They suggest rocks first melted near the Earth's surface before progressing deeper - consistent with the geological effects of meteorite impacts.
Dr Tim Johnson, from Curtin's School of Earth and Planetary Sciences, said: 'Our research provides the first solid evidence that the processes that ultimately formed the continents began with giant meteorite impacts, similar to those responsible for the extinction of the dinosaurs, but which occurred billions of years earlier.'
Continents were formed when the Earth was bombarded with giant meteorites around 3.5 billion years ago, a new study from Curtin University, Australia has found (stock image)
The three stage evolution of the Pilbara Craton. Stage 1 (a-d) - A giant meteorite altered the crust, reducing pressure and causing the mantle to melt deeper and deeper into the Earth. Stage 2 (e) - Granite magmas (TTGs) begin to form at the base of the newly formed plateu. Stage 3 (f) - The TTGs melt to form granite and are pushed to the surface
Over the course of Earth's 4.5 billion year history, land masses have broken up, drifted apart and been pushed back together again.
This is the result of heat from radioactive processes within the planet's interior causing these plates to move.
However, large and particularly strong parts of the crust have remained stable throughout time despite these processes, which are known as cratons.
A new study of the Pilbara Craton, published yesterday in Nature, has provided evidence of how the structure formed and why it is so strong.
Geologists analysed the zircon crystals inside igneous rock from the craton, which had been dated to have formed between 3.6 and 2.9 billion years ago.
Dr Johnson said: 'Studying the composition of oxygen isotopes in these zircon crystals revealed a "top-down" process starting with the melting of rocks near the surface and progressing deeper, consistent with the geological effect of giant meteorite impacts.'
The three types of oxygen isotope - different forms of the element - found inside the zircon indicate that the craton was formed in three stages.
The first stage was a giant impact about 3.6 billion years ago that blasted away a part of the planet's crust, and reduced the pressure on the below mantle as a result.
The approximate locations of Archean cratons, that are over 2.5 billion years old and include the Pilbara Craton, and surrounding Proterozoic regions worldwide
A geologic map of the Pilbara Craton in Western Australia. The rocks exposed here range from 2.5 to 3.5 billion years ago, offering a uniquely well-preserved window into Earth's deep past
This mantle then started melting and oozing upwards through the crust to form what's known as an 'oceanic plateau'.
High temperatures at the base of the plateau result in the formation of granites, which are stable and have low density; the second stage.
In the final stage, the granites move up with the magma and add strength to the forming craton.
The oldest rocks were dated to between 3.9 and 3.5 billion years old, which coincide with the Late Heavy Bombardment.
This was when a large number of smaller asteroids, up to 40 km wide, collided with the newly-formed planets in the inner Solar System.
Images of zircon grains, showing areas targeted and the ratio of the oxygen-18 isotope relative to oxygen-16 in parentheses
The Pilbara Craton is an old and stable part of the Earth's outer shell located in the Pilbara region of Western Australia (stock image)
The researchers claim this is the strongest evidence yet of the decades-old theory that the Earth's continents were formed by giant meteorite impacts.
It undermines a competing theory that cratons were formed as a result of ancient volcanic activity.
Dr Johnson said that understanding the formation and ongoing evolution of continents is crucial, as humanity is so reliant on them.
They host the majority of the Earth's biomass, all humans and important mineral deposits.
He added: 'Not least, the continents host critical metals such as lithium, tin and nickel, commodities that are essential to the emerging green technologies needed to fulfil our obligation to mitigate climate change,
'These mineral deposits are the end result of a process known as crustal differentiation, which began with the formation of the earliest landmasses, of which the Pilbara Craton is just one of many.'
In future work, the team would like to see if the findings of this study of the Pilbara Craton are applicable to other areas of ancient continental crust. | https://www.dailymail.co.uk/sciencetech/article-11101619/Earths-continents-formed-giant-METEORITE-impacts-3-5-billion-years-ago-study-claims.html?ns_mchannel=rss&ito=1490&ns_campaign=1490 | 2022-08-11T12:19:19Z | https://www.dailymail.co.uk/sciencetech/article-11101619/Earths-continents-formed-giant-METEORITE-impacts-3-5-billion-years-ago-study-claims.html?ns_mchannel=rss&ito=1490&ns_campaign=1490 | true |
LONDON (AP) — Olympic curling champion Eve Muirhead is retiring from the sport.
The 32-year-old Muirhead secured Britain’s only gold medal at this year’s Winter Olympics in Beijing, having also won bronze in Sochi in 2014.
“After 15 years of international curling and 21 international titles I have made the hardest decision of my life to hang up my curling shoes and retire,” Muirhead said in a post on social media on Thursday. “Throughout my career and like most athletes, I have experienced both the highest of the highs, (becoming an Olympic champion) and the lowest of lows and at times the future seemed very distant. It’s been an emotional journey, but a journey that I am incredibly proud of.”
Muirhead also teamed up with Bobby Lammie to win the mixed doubles world championship in April.
“Eve Muirhead will go down in history not only as one of the greatest-ever British curlers, but as one of the greatest sportswomen this country has produced,” British Curling performance director Nigel Holl said.
___
More AP sports: https://apnews.com/hub/sports and https://twitter.com/AP_Sports | https://www.seattletimes.com/sports/olympic-curling-champion-eve-muirhead-retires/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_all | 2022-08-11T12:19:48Z | https://www.seattletimes.com/sports/olympic-curling-champion-eve-muirhead-retires/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_all | false |
Road closure
WILLIAMSBURG —
Grand Traverse
County Road
Commission closes Broomhead Road
from Guernsey Lake
Road to North Branch Road staring at 7 a.m. Aug. 11.
Crews will install a new timber bridge over the north branch of the Boardman River. Work is expected to last through the end of October. Motorists are asked to find a different route.
Can collection
TRAVERSE CITY — The National Alliance on Mental Illness Grand Traverse hosts its monthly can drive at noon Aug. 13 at Family Fare on Eighth Street. Drop off returnable bottles and cans. This is a fundraiser for the local organization.
Man faces homicide charge after running over woman in lot
KALAMAZOO — A southwestern Michigan man was arrested and charged with first-degree homicide after intentionally running over a 65-year-old woman in a Walmart parking
lot Tuesday, authorities said.
The woman was walking in the parking lot located in Oshtemo Township around 12:10 p.m. when a car driven by a 32-year-old Kalamazoo man intentionally hit her, deputies with the Kalamazoo County Sheriff’s Office said.
The victim was rushed to a hospital where she was pronounced dead. Her name was not immediately released.
The man and the woman did not know each other, deputies said.
A motive for the man’s actions was not disclosed. It wasn’t clear how deputies knew those actions were intentional. | https://www.record-eagle.com/news/local_news/community-in-brief-08-11-2022/article_0205bbcc-18b4-11ed-b7a5-c3d34ee6f00a.html | 2022-08-11T12:21:51Z | https://www.record-eagle.com/news/local_news/community-in-brief-08-11-2022/article_0205bbcc-18b4-11ed-b7a5-c3d34ee6f00a.html | true |
1h ago
White People Get Bigger Share of Monkeypox Shots, Early Data Show
Bloomberg News
,(Bloomberg) -- Much like with Covid-19, the monkeypox health crisis in the US is hitting Black and Hispanic Americans hard. Yet those groups are so far lagging in vaccination rates, early data obtained by Bloomberg News show.
The US, which last Thursday declared monkeypox a public health emergency, is the epicenter of the global outbreak. The majority of cases so far have been concentrated among men who have recently had sex with other men. Demographic data from the US Centers for Disease Control, though incomplete, suggests that most cases are also among people of color. As of the end of July, Black people made up 26% of cases with known race and ethnicity information and Hispanic people made up 32% of all cases.
In some major US cities with outbreaks, White people are getting the majority of vaccinations, data collected by Bloomberg show. In Chicago, 55% of vaccines have gone to White people. In Washington, D.C., 63.5% of vaccine recipients identify as White. And in the Atlanta metro area, where the overwhelming majority of cases have been among Black people, at least 54% of doses have gone to White people. The data are all as of last month.
The national picture on vaccine disparities remains incomplete. The CDC doesn’t independently collect demographic data on uptake, relying on state and local health departments, many of which aren't reporting or collecting it. When Bloomberg reached out to 10 big US cities, only Washington, D.C. shared any data. The other city health departments either didn’t respond or said they weren’t releasing that information; Bloomberg obtained other city data via Freedom of Information Act requests to state and local health departments.
Not two years after the nationwide vaccination campaign against Covid-19, the data suggest the country’s public health apparatus is once again struggling to reach the most vulnerable populations, undermining efforts to contain the virus. Even a year after Covid shots first went in arms, Black and Hispanic vaccination rates lagged by 10 percentage points or more in half of US states. The US monkeypox vaccination drive has just begun, but early unforced errors have troubled some public health experts.
“Why are we in this situation once again? The magnitude is not as overwhelming as Covid, but public health is all about prevention,” said Stephen Thomas, the director of the Center for Health Equity at University of Maryland’s School of Public Health.
The Georgia Department of Public Health told Bloomberg that since receiving more shots, it has enrolled more community-based organizations as providers; it’s also working with the organizers of Atlanta Black Pride to distribute vaccines during Labor Day weekend events. The Washington, D.C. health department sent Bloomberg a livestream of a July 18 press conference in which the former director of health Dr. LaQuandra Nesbitt said, “we have a lot that we have learned from Covid.” The city limited some vaccine appointments to residents who lived in certain neighborhoods, she said. Chicago’s public health department did not respond to requests for comment.
Many of the problems that plagued the US Covid vaccination campaign are preventing those most at risk of contracting monkeypox from getting the vaccine, too. While efforts to reach minorities have ramped up relatively quickly, the early roll out suggests few lessons about health equity have been learned over the last two years, public health experts say.
“My concern is that we’ve got a big problem here that goes beyond these two pandemics,” Thomas said. “It has to do with trust in our health systems and with the history of marginalizing groups because of their sexual orientation, the color of their skin or their zip code.”
At first, monkeypox vaccines were only available in Whiter and wealthier neighborhoods. In New York City, for more than a week, the only vaccination site was in the Chelsea neighborhood of Manhattan, which has a large LGBTQ population, but is majority White. Its hours were also limited to between 11:30 a.m. and 6:00 p.m. Similarly, Washington, D.C.’s first two monkeypox clinics were in its more affluent Northwest corridor. In Georgia, it took a full month to get testing and vaccine sites up and running in all counties.
When sites did ultimately open in other neighborhoods, appointments for the limited supply of shots quickly booked up, sometimes within minutes. Both New York City and Washington, D.C. entirely ran out of their first batch of shots within a day.
“Folks that didn't have access to the Internet or couldn’t sit on the Internet for hours were left out,” said Sean Coleman, founder and executive director of Destination Tomorrow, an LGBTQ center in South Bronx. Some who tried to call to make appointments were told they could only book online, said Jawanza James Williams, the director of organizing at the Brooklyn-based health justice organization Vocal-NY, who is helping people without Internet get access to shots.
A lack of comprehensive data on virus cases and vaccine uptake is also preventing public health official from best deploying scarce resources. Identifying at-risk communities would better help with messaging, too.
“If monkeypox is totally framed as an LGBTQ issue, then those individuals who do not see themselves part of the LGBTQ cultural community will not hear the message,” said Thomas, adding that the US made a similar mistake during the HIV/AIDS epidemic in the 1980s.
Over the last few weeks some efforts have opened up shots to more people. For one, vaccine supply has increased. The US Health and Human Services has distributed more than 600,000 doses of Bavarian Nordic A/S’s two-dose Jynneos vaccine, with another 2.5 million on the way. New York City, Washington, D.C. and Chicago all recently announced thousands more shots will be available to residents soon. The US Food and Drug Administration on Tuesday approved a “dose sparing” technique designed to extend the current supply of the vaccine.
Clinics have also started targeting Black and Hispanic communities. Howard Brown Health, an LGBTQ organization in Chicago, has opened two of its four vaccination sites in the city’s predominantly Black south side. The clinics reserve a portion of vaccination appointments for residents who live in the zip code.
Howard Brown Health also set up pop-up sites at Pride South Side, a Black queer festival, and Club Escape, which describes itself as a “Black gay alternative club.” This month, Washington, D.C. opened a clinic in one of the poorest, predominantly Black neighborhoods in the city. The city’s clinics have also started allowing walk-up appointments
Minority groups are less likely to have a positive view of the health-care system. A 2020 survey conducted by the Pew Research Center found only around a third of Black and Hispanic Americans had a great deal of confidence in medical scientists, compared with 43% of White respondents.
Early on in the Covid vaccination campaign, Black Americans were less likely than White Americans to say they planned to get vaccinated, in part because of feelings of distrust. That gap has closed over the course of the pandemic, but experts worry that missteps throughout both health crises have only further fueled mistrust, preventing people from getting care.
©2022 Bloomberg L.P. | https://www.bnnbloomberg.ca/white-people-get-bigger-share-of-monkeypox-shots-early-data-show-1.1804410 | 2022-08-11T12:26:01Z | https://www.bnnbloomberg.ca/white-people-get-bigger-share-of-monkeypox-shots-early-data-show-1.1804410 | false |
Healthcare leaders and visionaries convene to discuss how emerging technologies, such as Artificial Intelligence, are transforming healthcare delivery.
PEORIA, Ill., Aug. 11, 2022 /PRNewswire/ -- On August 5, VirtuSense Technologies, an Artificial Intelligence company that's transforming care from reactive to proactive, invited healthcare thought leaders to its exclusive, inaugural New Evolution in Healthcare Technology Summit( NEXT Summit) to discuss the future of healthcare delivery.
The day kicked off with an exclusive address from Seema Verma, the former administrator for the Centers for Medicare & Medicaid Services. She talked about the great potential for new technologies' impact on expediting affordable and sustainable healthcare delivery for all Americans.
Featured speakers included:
- Keynote by Retired U.S. Air Force Major General Gary Dylewski
- Ray Gensinger, MD, CIO, Hospital Sisters Health System
- Michael Cruz, MD, CEO of the Central Region of OSF Healthcare and COO of OSF Healthcare
- Imran Amjad Andrabi, MD, President and CEO, ThedaCare
- Dan Hermann, President & CEO, Ziegler
- Danika Fry, Executive Director, Healthcare Investment Banking at Morgan Stanley
Discussions at the NEXT Summit centered around the many challenges impacting healthcare today such as overcoming staffing shortages, positioning your organization for the future, and trends in healthcare investment. The event concluded with a session from Deepak Gaddipati, founder and CTO of VirtuSense, speaking about how AI is being developed and utilized across healthcare and the direction VirtuSense is taking to continue to innovate.
"The NEXT Conference was an incredible learning and networking opportunity," said Travis J. Le Duc, Director of Support Services, Archie Hendricks, Sr. Skilled Nursing Facility. "The lessons learned and connections made will help me guide my organization in taking full advantage of the Fourth Industrial Revolution!"
Gaddipati said, "This first event was an immersive experience with inspiring discussions about healthcare technology trends we're seeing in the industry and what will be sustainable from an organizational perspective in two to three years. I can't wait for the 2023 NEXT Summit!"
This first event was a rousing success and bodes well for more unique, intersectional conferences in the future. Check out the NEXT Summit website and join the mailing list for next year's event.
About VirtuSense
VirtuSense Technologies (Peoria, IL) is advancing the transformation of proactive healthcare for all. The company was founded in 2013 by an engineer who wanted to prove that you don't have to wait for a fall or a heart attack to receive care. Predictive AI can make healthcare simple, affordable, and accessible without compromising the quality of care. For more information, please visit https://www.virtusense.ai/ and follow us on Twitter, LinkedIn, and Facebook.
virtusense.ai | info@virtusense.com | (855) 443-5744
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Job seekers who work with winning agencies are twice as likely to be completely satisfied with the services provided.
DALLAS, Aug. 11, 2022 /PRNewswire/ -- Consilium Staffing, a premier locum tenens staffing firm, connecting doctors and advanced practitioners with healthcare facilities nationwide, announced today that for the second consecutive year, they have won the Best of Staffing Talent Award for providing superior service to the physicians, nurse practitioners and physician assistants they serve.
In partnership with presenting sponsor Indeed and gold sponsor Talent.com, ClearlyRated's Best of Staffing® Award winners have proven to be industry leaders in service quality based entirely on ratings provided by their candidates. On average, job seekers who work with winning agencies are twice as likely to be completely satisfied with the services provided compared to those placed by non-winning agencies.
Consilium Staffing received satisfaction scores of 9 or 10 out of 10 from 75.3% of their placed job candidates, significantly higher than the industry's average of 40%.
"Consilium is focused on people and places, more than just placements. This shows up in our commitment to serve the physicians and advanced practitioners who trust us as their partner in locum tenens, "said Matt Baade, Executive Vice President for Consilium. "It is an honor to receive this award from Clearly Rated, but the greatest reward is the direct feedback from those we serve at these healthcare providers, telling us we are delivering a great locum tenens experience."
"Winners of the 2022 Best of Staffing award have demonstrated their commitment to delivering exceptional service, even as Covid-19 has forced them to reimagine and rebuild their approach to business," said ClearlyRated's CEO and Founder, Eric Gregg. "These service leaders have kept the client, talent, and employee experience at the heart of their business strategy, and it's my honor to celebrate and showcase the 2022 Best of Staffing winners alongside feedback from their actual clients on ClearlyRated.com!"
Consilium Staffing is a premier locum tenens staffing firm, connecting doctors and advanced practitioners with healthcare facilities nationwide. For more information, please visit Consilium Staffing and follow us on LinkedIn, Facebook, Twitter, and Instagram.
Rooted in satisfaction research for professional service firms, ClearlyRated utilizes a Net Promoter® Score survey program to help professional service firms measure their service experience, build online reputation, and differentiate on service quality. Learn more at https://www.clearlyrated.com/solutions/.
ClearlyRated's Best of Staffing® Award is the only award in the U.S. and Canada that recognizes staffing agencies that have proven superior service quality based entirely on ratings provided by their clients, placed talent, and internal employees. Award winners are showcased by city and area of expertise on ClearlyRated.com—an online business directory that helps buyers of professional services find service leaders and vet prospective firms with the help of validated client ratings and testimonials.
Contact
K. Morehouse, Sr. Director Marketing & Communications
p. (214) 272-6935
kmorehouse@consiliumstaffing.com
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SOURCE Consilium Staffing | https://www.weau.com/prnewswire/2022/08/11/consilium-staffing-wins-clearlyrateds-2022-best-staffing-talent-award-service-excellence/ | 2022-08-11T12:28:04Z | https://www.weau.com/prnewswire/2022/08/11/consilium-staffing-wins-clearlyrateds-2022-best-staffing-talent-award-service-excellence/ | true |
British ultramarathoner downed a pint of Guinness and then ran across Ireland
British ultramarathoner downed a pint of Guinness and then ran across Ireland
Robert Pope says he considered quitting two hours in. But thanks to some bananas and a can of soda, he finished under the wire — in 23 hours and 39 minutes. | https://www.npr.org/2022/08/11/1116880019/british-ultramarathoner-downed-a-pint-of-guinness-and-then-ran-across-ireland | 2022-08-11T12:35:38Z | https://www.npr.org/2022/08/11/1116880019/british-ultramarathoner-downed-a-pint-of-guinness-and-then-ran-across-ireland | false |
BEVERLY, Mass., Aug. 11, 2022 /PRNewswire/ -- Axcelis Technologies, Inc. (NASDAQ: ACLS), a leading supplier of enabling ion implantation solutions for the semiconductor industry, announced the company's plans to participate in the following upcoming investor conferences:
- The D.A. Davidson Big Sky Technology Summit taking place Monday, August 22, 2022 and Tuesday, August 23, 2022. Axcelis management will host one-on-one and small group meetings on Tuesday, August 23rd with interested investors. For more information on the conference, or to schedule a one-on-one meeting, please contact a D.A. Davidson representative.
- The Needham Virtual 3rd Annual SemiCap and EDA Conference, taking place Thursday, August 25, 2022. Axcelis management will host one-on-one meetings with interested investors. For more information on the conference, or to schedule a one-on-one meeting, please contact a Needham representative.
Axcelis (NASDAQ: ACLS), headquartered in Beverly, Mass., has been providing innovative, high-productivity solutions for the semiconductor industry for over 40 years. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation systems, one of the most critical and enabling steps in the IC manufacturing process. Learn more about Axcelis at www.axcelis.com.
CONTACTS:
Maureen Hart (editorial/media) 978.787.4266
Doug Lawson (investor relations) 978.787.9552
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SOURCE Axcelis Technologies, Inc. | https://www.wsaz.com/prnewswire/2022/08/11/axcelis-announces-participation-upcoming-investor-conferences/ | 2022-08-11T12:41:57Z | https://www.wsaz.com/prnewswire/2022/08/11/axcelis-announces-participation-upcoming-investor-conferences/ | false |
Disney+ ad-free subscription cost to rise by 38% in December
(AP) - Walt Disney Co. said Wednesday it is raising prices for streaming subscribers in the U.S. who want to watch Disney+ without ads, as more viewers switch to what CEO Bob Chapek described as the “best value in streaming.”
The price increases are tied to a new tiered service Disney will launch in December for U.S. subscribers. The basic Disney+ service today costs $7.99 per month. Starting in December, that basic service will run ads, so a subscriber who wants no ads will have to upgrade to a premium service that starts at $10.99 per month, a 37.5% rise over current prices. An annual plan will cost $109.99.
“We expect the ad tier to be popular and we expect some people to want to stay with ad-free,” Chief Financial Officer Christine McCarthy said on a conference call with analysts.
Netflix’s most popular streaming plan in the U.S. is now $15.50 per month, and its top-of-the-line plan is $20 per month. That follows several rate hikes to help pay for its original programming, which has become even more important since Disney pulled its programming and classic movies from Netflix after licensing agreements between the companies expired.
Disney said it added 14.4 million subscribers to its Disney+ streaming service in the April-June fiscal quarter. In total, subscribers to all Disney streaming services, which include Hulu and ESPN+, amounted to about 221 million, putting the entertainment giant slightly ahead of Netflix in the streaming wars.
Netflix ended June with 220.7 million subscribers after losing nearly 1 million subscribers in the past quarter.
Disney said paid subscriptions for Disney+ grew by 31%, much of that internationally, over the same time last year. But revenue growth was not as strong due to operating losses from “higher programming and production, technology and marketing costs.”
Disney’s growing streaming sales, combined with a recovering theme park business after pandemic-era shutdowns, led the Burbank, California-based entertainment giant to beat Wall Street expectations with quarterly earnings Wednesday.
Disney reported revenue of $21.5 billion in the three months through July 2, up 26% from the same time last year.
Earnings per share came to $1.09 when excluding certain items. Analysts polled by FactSet projected adjusted earnings of 97 cents per share on revenue of $20.99 billion for the quarter, according to FactSet Research.
Disney said sales at its parks, experiences and products segment grew to $7.39 billion, up 70% from $4.34 billion a year earlier. The numbers represented an ongoing comeback from COVID-19 restrictions that temporarily shuttered all of Disney’s parks in 2020, reduced capacity through much of 2021 and have continued to affect some locations such as Shanghai Disneyland, which was open for just three days in the April-June quarter.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wcjb.com/2022/08/11/disney-ad-free-subscription-cost-rise-by-38-december/ | 2022-08-11T12:44:33Z | https://www.wcjb.com/2022/08/11/disney-ad-free-subscription-cost-rise-by-38-december/ | true |
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Citation
Schreiber N, Manninger M, Pätzold S, Reisinger AC, Hatzl S, Hackl G, Högenauer C, Eller P. Channels (Austin) 2022; 16(1): 167-172.
Copyright
(Copyright © 2022)
DOI
10.1080/19336950.2022.2104886
PMID
35942511
Abstract
Ingestion of leaves of the European yew tree (Taxus baccata) can result in fatal cardiac arrhythmias and acute cardiogenic shock. This cardiotoxicity derives from taxine alkaloids that block cardiac voltage-gated sodium and calcium channels. Prompt initiation of venoarterial extracorporeal membrane oxygenation is essential to bridge these critically ill patients to recovery, as there is no antidote available. We here report a 39-year old patient with toxic cardiogenic shock after yew poisoning, who was successfully rescued by venoarterial extracorporeal membrane oxygenation and had a full neurological recovery. This report emphasizes the role of intoxications as reversible causes of cardiac arrest and adds further evidence to the body of existing literature thus encouraging the early use of venoarterial extracorporeal membrane oxygenation in patients with yew poisoning and cardiogenic shock.
Language: en
Keywords
Adult; Humans; Arrhythmias, Cardiac; *cardiogenic shock; *ECMO; *Extracorporeal Membrane Oxygenation/adverse effects; *taxine alkaloids; *Taxus; *yew; Plant Leaves; Shock, Cardiogenic/chemically induced/therapy | https://www.safetylit.org/citations/index.php?fuseaction=citations.viewdetails&citationIds%5B%5D=citjournalarticle_726314_10 | 2022-08-11T12:47:11Z | https://www.safetylit.org/citations/index.php?fuseaction=citations.viewdetails&citationIds%5B%5D=citjournalarticle_726314_10 | false |
BREA, Calif., Aug. 11, 2022 /PRNewswire/ -- Envista Holdings Corporation (NYSE: NVST) ("Envista") today announced that the company will participate in the Piper Sandler MedTech and Diagnostics California Bus Tour on Wednesday, August 24, 2022, from 10:00 – 10:50 AM PT in Laguna Niguel, California.
This will be an in-person event only with no live webcasting available.
Envista is a global family of more than 30 trusted dental brands, including Nobel Biocare, DEXIS, Ormco, and Kerr united by a shared purpose: to partner with professionals to improve lives. Envista helps its customers deliver the best possible patient care through industry-leading dental consumables, solutions, technology, and services. Our comprehensive portfolio, including dental implants and treatment options, orthodontics, and digital imaging technologies, covers a broad range of dentists' clinical needs for diagnosing, treating, and preventing dental conditions as well as improving the aesthetics of the human smile. With a foundation comprised of the proven Envista Business System (EBS) methodology, an experienced leadership team, and a strong culture grounded in continuous improvement, commitment to innovation, and deep customer focus, Envista is well equipped to meet the end-to-end needs of dental professionals worldwide. Envista is one of the largest global dental products companies, with significant market positions in some of the most attractive segments of the dental products industry. For more information, please visit www.envistaco.com.
For Further Information
Stephen Keller
Vice President, Investor Relations
Envista Holdings Corporation
200 S. Kraemer Blvd., Building E
Brea, CA 92821
Telephone: (714) 817-7000
Fax: (714) 817-5450
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SOURCE Envista Holdings Corporation | https://www.wkyt.com/prnewswire/2022/08/11/envista-announces-participation-piper-sandler-medtech-diagnostics-california-bus-tour/ | 2022-08-11T12:47:58Z | https://www.wkyt.com/prnewswire/2022/08/11/envista-announces-participation-piper-sandler-medtech-diagnostics-california-bus-tour/ | true |
In vitro study investigated the mechanisms underlying PT-112's cancer cell death effects in mouse tumor cells with well-characterized mitochondrial and metabolic status
Data showed PT-112 induces mitochondrial stress and immunogenic cell death (ICD) in tumor cells with mitochondrial deficiencies
NEW YORK, Aug. 11, 2022 /PRNewswire/ -- Promontory Therapeutics Inc., a clinical stage pharmaceutical company focused on oncology therapeutics, announced today the peer-reviewed publication of mechanistic studies with lead candidate PT-112 in this month's issue of Cancers (volume 14, issue 16), an MDPI publication. The in vitro study, entitled "PT-112 induces mitochondrial stress and immunogenic cell death, targeting tumor cells with mitochondrial deficiencies," showed that PT-112 was selective to cells with defective mitochondria, inducing cancer cell death through non-conventional mechanisms, including increased mitochondrial stress, free radical generation, and immunogenic cell death (ICD), a form of cell death that is reliant upon cellular stresses, and elicits an immune response.
PT-112, under phase 1/2 clinical development, has shown clinical activity against advanced pretreated solid tumors and has been shown to induce robust ICD. This manuscript reports PT-112's anti-cancer activity, including mitochondrial stress and selectivity to cancer metabolic processes, specifically mitochondrial dysfunction.
Key findings include:
- Mouse tumor cells presenting mitochondrial DNA mutations and the resulting glycolytic phenotype were more sensitive to cell death induced by PT-112 compared to cells with an intact oxidative phosphorylation (OXPHOS) pathway
- PT-112 induced mitochondrial stress and initiated autophagy, which is associated with an integrated stress response and with subsequent ICD
- PT-112 caused calreticulin exposure, further substantiating PT-112's ICD effects
- HIF-1α expression was higher in cells sensitive to PT-112
- Such selectivity of PT-112 has the potential for clinical applications in metabolically aggressive cancers
"Our study published in Cancers provides evidence of PT-112-induced cancer cell organelle stresses, and their relationship to ICD," said Matthew Price, Executive VP & COO of Promontory Therapeutics. "These findings are part of ongoing efforts crossing several research collaborations to define the causes of PT-112's known immunogenic effects, and are supportive of the uniqueness of its mechanism of action."
The full results are available in the journal Cancers and online here.
About PT-112
PT-112 is the first small-molecule conjugate of pyrophosphate in oncology, and possesses a unique pleiotropic mechanism of action that promotes immunogenic cell death (ICD), through the release of damage associated molecular patterns (DAMPs) that bind to dendritic cells and lead to downstream immune effector cell recruitment in the tumor microenvironment. PT-112 represents a highly potent inducer of this immunological form of cancer cell death. Further, PT-112 harbors a property known as osteotropism, or the propensity of the drug to reach its highest concentrations in certain areas of the bone, making it a candidate for treatment of patients with cancers that originate in, or metastasize to, the bone. The first in-human study of PT-112 demonstrated an attractive safety profile and evidence of long-lasting responses among heavily pre-treated patients and won "Best Poster" within the Developmental Therapeutics category at the ESMO 2018 Annual Congress. The combination Phase 1b dose escalation study of PT-112 with PD-L1 checkpoint inhibitor avelumab in solid tumors was reported in an oral presentation at the ESMO 2020 Virtual Congress. The Phase 1 study in patients with relapsed or refractory multiple myeloma presented at ASH is the third completed Phase 1 study of PT-112. Monotherapy Phase 2 development is ongoing in mCRPC, and now includes the Phase 2 proof of concept study in thymic epithelial tumors under the company's formal collaboration with the NCI. The PD-L1 combination Phase 2a study is ongoing in a dose confirmation cohort of non-small cell lung cancer (NSCLC) patients.
About Promontory Therapeutics
Promontory Therapeutics Inc. is a privately held, clinical stage pharmaceutical company focused on small molecule immunotherapy. The company's lead candidate, PT-112, is the first small molecule conjugate of pyrophosphate in oncology, and possesses a unique pleiotropic mechanism of action that promotes immunogenic cell death (ICD), through the release of damage associated molecular patterns (DAMPs) that bind to pattern recognition receptors on dendritic cells and promote the adaptive immune response in the tumor microenvironment. Clinical data generated across three Phase 1 studies have demonstrated single-agent anti-cancer activity and an attractive tolerability profile, and three Phase 2 studies of PT-112 are underway. The company's research and development work has been conducted in the United States, Europe and Asia, along with a sub-license agreement for the development, commercialization and use of PT-112 in Greater China. The company also sponsors the ongoing clinical study of PT-112 in combination with the PD-L1 inhibitor avelumab under a collaboration agreement with Pfizer and Merck KGaA, Darmstadt, Germany (operating as EMD Serono in the US and Canada), and has an active Phase 2 trial underway with the NCI utilizing PT-112 in thymic epithelial tumors where PT-112 has received Orphan Drug designation.
To learn more about Promontory Therapeutics, visit the company's website here.
CONTACTS:
Phosplatin Therapeutics
Taylor B. Young
Senior Director, Strategic Development
Tel: +1 646 380 2441
Email: tyoung@promontorytx.com
ICR Westwicke
Investors:
Stephanie Carrington
Tel: +1 646 277 1282
Email: Stephanie.Carrington@westwicke.com
Media:
Mark Corbae
Tel: +1 203 682 8288
Email: mark.corbae@westwicke.com
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SOURCE Promontory Therapeutics Inc. | https://www.wkyt.com/prnewswire/2022/08/11/promontory-therapeutics-announces-peer-reviewed-publication-cancers-selective-effects-pt-112-cancer-cell-models-driven-by-mitochondrial-dysfunction/ | 2022-08-11T12:52:03Z | https://www.wkyt.com/prnewswire/2022/08/11/promontory-therapeutics-announces-peer-reviewed-publication-cancers-selective-effects-pt-112-cancer-cell-models-driven-by-mitochondrial-dysfunction/ | false |
- INEO's sales activities are accelerating with the Company's sales pipeline climbing to over $40 million in annual recurring revenue.
SURREY, BC, Aug. 11, 2022 /PRNewswire/ - INEO Tech Corp. (TSX-V: INEO) (OTCQB: INEOF) (the "Company" or "INEO"), the innovative developer and operator of the INEO Media Network, a digital advertising and analytics solution for retailers, is notifying investors that the recording of the INEO Corporate Update Webinar from July 27, 2022 has been posted to the Company website at www.ineosolutionsinc.com.
INEO previously announced the Company is expecting to deliver another quarter of record revenue in Q4-2022, with growth approaching 90% over Q4-2021. In addition, the size of the INEO sales pipeline has grown to over $40 million in annual recurring revenue, based on the potential full contract value with retail chains who have currently installed, or committed pilot installations.
In the webinar video, INEO's CEO Kyle Hall states, "INEO will typically receive anywhere from $500 to $1,000 per month per store. The range in revenue depends on the number of INEO Welcoming Systems, INEO Welcoming Duo's, INEO Media Players or INEO GATE systems installed at the store. Our (sales) pipeline represents over 7,000 locations through direct and Prosegur partner channels..…we have only included chains in our pipeline where we have either a contract, a pilot or a committed pilot. The gross pipeline is much, much bigger than $40 million annual revenue if we included retail chains that are interested but have not yet committed to a pilot."
Also in the webinar video, Mr. Hall and Chairman and President Greg Watkin discuss how INEO's business is accelerating with active pilots and commitments with large retail chains representing a broad spectrum of industries including grocery, apparel, wholesale club, hardware, department store and pharmacy chains. Additionally, INEO's advertising fill rates have increased tremendously on the INEO Media Network. INEO has had over 30 major brands or advertisers, and many more smaller ones, who have utilized the power of the INEO Media Network.
To view the video of the INEO Corporate Update Webinar, please visit the INEO website at:
Per: "Kyle Hall"
Kyle Hall, Chief Executive Officer and Director
INEO Tech Corp., through its wholly owned subsidiary, INEO Solutions Inc., operates the INEO Media Network, a digital advertising and analytics solution for retailers. INEO's patented technology integrates and monetizes digital screens with theft detection sensor gates at the entrance of retail stores. The Company's cloud-based platform uses IoT (Internet of Things) and AI (Artificial Intelligence) technology to deliver customized digital advertising to each retail location based on the demographic mix, such as age and gender, of customer traffic at each location. The Company also deploys the INEO Welcoming Network technology through a SaaS-based solution to larger retail chains. INEO is headquartered in Surrey, Canada and publicly traded on the TSX-Venture Exchange under the symbol "INEO" and on the OTCQB-Venture Market under the symbol "INEOF".
For more information please visit:
Website: www.ineosolutionsinc.com
LinkedIn: www.linkedin.com/company/ineosolutions
Facebook: www.facebook.com/ineosolutionsinc
Instagram: www.instagram.com/ineosolutionsinc
Twitter: www.twitter.com/INEOsolutions
To the extent any forward-looking statements in this press release may constitute future-oriented financial information or financial outlooks within the meaning of securities laws, such information is being provided to demonstrate the potential financial performance of INEO and readers are cautioned that this information may not be appropriate for and should not be used for any other purpose and that they should not place undue reliance on such future-oriented financial information and financial outlooks. Future-oriented financial information and financial outlooks, as with forward-looking information generally, are, without limitation, based on the assumptions and subject to the risks set out below under "Forward-Looking Statements".
Investors are cautioned that, except as disclosed in the disclosure document, any information released or received with respect to the Company may not be accurate or complete and should not be relied upon. Trading in securities of the Company should be considered highly speculative.
This news release contains statements and information that, to the extent that they are not historical fact, may constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives or economic performance, or the assumption underlying any of the foregoing. This news release uses words such as "may", "would", "could", "likely", "expect", "anticipate", "believe", "intend", "plan", "forecast", "project", "estimate", "outlook", and other similar expressions to identify forward-looking information. Forward-looking information involves significant risks, assumptions, uncertainties and other factors that may cause actual future results or anticipated events to differ materially from those expressed or implied in any forward-looking statements and accordingly, should not be read as guarantees of future performance or results. There are a number of important factors that could cause the Company's actual results to differ materially from those indicated or implied by forward-looking statements and information. Other factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed on SEDAR, including the Company's most recent annual and interim Management Discussion and Analysis and Financial Statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except to the extent required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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SOURCE INEO Tech Corp. | https://www.mysuncoast.com/prnewswire/2022/08/11/ineo-tech-corps-latest-corporate-update-webinar-is-now-live/ | 2022-08-11T12:52:58Z | https://www.mysuncoast.com/prnewswire/2022/08/11/ineo-tech-corps-latest-corporate-update-webinar-is-now-live/ | false |
BERKELEY HEIGHTS, N.J. (AP) _ CorMedix Inc. (CRMD) on Thursday reported a loss of $7.6 million in its second quarter.
The Berkeley Heights, New Jersey-based company said it had a loss of 19 cents per share.
The pharmaceutical and medical device company posted revenue of $21,300 in the period. Its adjusted revenue was $21,000.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRMD at https://www.zacks.com/ap/CRMD | https://www.mrt.com/business/article/CorMedix-Q2-Earnings-Snapshot-17366455.php | 2022-08-11T12:57:30Z | https://www.mrt.com/business/article/CorMedix-Q2-Earnings-Snapshot-17366455.php | false |
ATLANTA (AP) — Atlanta rapper Young Thug, who’s accused of conspiracy to violate Georgia’s RICO Act and participation in a criminal street gang, is facing six new felony charges along with four others linked to the case.
A new indictment was filed in Fulton County Superior Court last week against the artist, whose real name is Jeffery Williams. He now faces additional charges of participation in criminal street gang activity, violation of the Georgia controlled substances act, possession of a firearm during the commission of a felony, possession of a machine gun and drug charges, The Atlanta Journal-Constitution reported.
The new charges stem from what investigators found during Williams’ arrest on the original May 9 indictment at his home in Atlanta’s upscale Buckhead neighborhood, authorities said.
The initial indictment contained 56 counts against 28 people for alleged involvement in crimes committed on behalf of the Young Slime Life street gang. The updated indictment now contains 65 counts, six of which apply to Williams.
At the time of Williams’ arrest, there was a question of whether the new charges would be folded into the RICO case. Court records now indicate that is what has been done.
Williams’ attorney, Brian Steel, said his client is innocent and looks forward to fighting the charges in court.
“Mr. Williams has committed absolutely no crimes,” Steel told the newspaper on Wednesday. “We cannot wait for a trial date.”
Williams, along with rapper Gunna, whose real name is Sergio Kitchens, remain in jail after bond was denied for both earlier this year. Steel said a new bond hearing for Williams has been scheduled for next week. A tentative trial date has been set for Jan. 9, 2023.
Martinez Arnold, also known as Duke, and Deamonte Kendrick, also known as Yak Gotti, face additional charges including participation in criminal street gang activity, violation of the Georgia controlled substances act, possession of a firearm during the commission of a felony and possession of a machine gun. Kendrick also has been indicted on a charge of possession of a firearm by convicted felon.
Shannon Stillwell and Quamarvious Nichols were charged with one additional count of possession of a firearm by a convicted felon related to the death of Shymel Drinks on March 18.
Arnold’s attorney, Ashleigh Merchant, told WSB-TV that she is confident her client won’t be convicted. She said he will plead not guilty to the new charges as he already has to the original charges.
The indictments center around Young Slime Life, an alleged gang prosecutors say was founded by Williams and two others in Atlanta with ties to the national Bloods gang.
Young Thug co-wrote the hit “This is America” with Childish Gambino, making history when it became the first hip-hop track to win the song of the year Grammy in 2019. | https://www.cbs42.com/entertainment/ap-entertainment/atlanta-rapper-young-thug-faces-new-charges-in-rico-case/ | 2022-08-11T13:00:52Z | https://www.cbs42.com/entertainment/ap-entertainment/atlanta-rapper-young-thug-faces-new-charges-in-rico-case/ | false |
PHOENIX (AP) — Joe Arpaio, the 90-year-old former Arizona sheriff who was a once powerful figure in Republican politics but was ousted nearly six years ago amid frustration over his headline-grabbing tactics and legal troubles, was defeated Wednesday in a race for mayor of the affluent suburb where he has lived for more than two decades.
His defeat in the mayor’s race in Fountain Hills against two-term incumbent Ginny Dickey marks Arpaio’s third failed comeback bid since his 2016 loss after serving 24 years as the sheriff of Maricopa County.
Even though election officials say all votes in Maricopa County have been counted, Arpaio said Wednesday evening that he wasn’t conceding the race and instead was going to consult with an attorney to explore whether to challenge the results.
“I am not saying I am going to do it,” Arpaio said of a legal challenge. “I’m not a lawyer. I just want a little information. In today’s environment, a large percentage of the people are not happy with the way the (election) system was working.”
Dickey didn’t immediately respond to a request for comment.
The political stakes of running in Fountain Hills, a Republican-heavy town of 24,000, were much lower for Arpaio than when he served as the top law enforcer of a county of over 4 million people.
Arpaio was crushed by a Democratic challenger in 2016 and was convicted the next year of criminal contempt of court for disobeying a judge’s order to stop traffic patrols that targeted immigrants, though he was later pardoned by then-President Donald Trump.
Arpaio then finished third in a Republican primary for a U.S. Senate seat in 2018 and second in the GOP primary in a 2020 bid to win back the sheriff’s post.
In his first two comeback attempts, Arpaio lost the vote in Fountain Hills.
Arpaio, a skilled political fundraiser who spent more than $12 million in his 2016 sheriff’s campaign, has shelled out $161,000 in the mayor’s race — six times the amount spent by Dickey.
Before the federal government and the courts stripped away his immigration powers, Arpaio led 20 large-scale traffic patrols that targeted immigrants and more than 80 business raids to bust people working in the United States without permission.
While his defiant streak played well with voters for many years, Arpaio faced heavy criticism for taking on policies that he knew were controversial and racking up $147 million in taxpayer-funded legal bills.
Though he billed himself as the toughest sheriff in America, his agency botched the investigations of more than 400 sex-crimes complaints made to his office. | https://www.cbs42.com/news/ap-top-headlines/joe-arpaio-loses-3rd-comeback-bid-in-town-mayoral-race/ | 2022-08-11T13:01:28Z | https://www.cbs42.com/news/ap-top-headlines/joe-arpaio-loses-3rd-comeback-bid-in-town-mayoral-race/ | true |
Back in the studio, reunited! Snoop Dogg and Dr. Dre are making music again, and Snoop seems excited about what they're coming up with.
The rapper and actor spoke with ET's Kevin Frazier on the red carpet at the premiere of his new film, Day Shift, in Los Angeles on Wednesday, and teased just a bit about what the two are working on.
"We're cooking up a little something," Snoop shared. "I don't wanna talk about it too much, but we're back together again."
"It's been 30 years since we worked on a record, and we're doin' something, we're workin' on something," he added with a smile.
Snoop's been working on a lot of projects recently, including working with BTS on Benny Blanco's new track, "Bad Decisions."
"Hey, I just try to stay active," Snoop said of the collaboration. "The youngsters, they reach out, they call me... I'm all about music. One thing about me, I don't like being boxed in. I like being a part of every genre of music so when they reach out and call, I'll usually say yeah."
He's also starring in Day Shift, alongside Jamie Foxx. In the film, Foxx plays a down-on-his-luck dad who makes his living hunting down and killing bloodsucking vampires that live among us. Snoop stars as fellow vampire exterminator Big John Elliott.
"We've been friends for a long time," Snoop said of Foxx. "So for us to both be at this part of our career, to work together and still enjoy each other's company, that's what it's all about."
The pair also shared a special moment on the carpet, in front of the ET cameras, when Snoop presented Foxx with a very special little gift -- one of the rare and iconic rose gold Death Row Records chains.
"I'm gonna tell you why that's so significant," an emotional and grateful Foxx shared with ET, explaining that he's "watched this man as a young artist" and saw what he went through and how he built his career into something amazing.
"For this day to come to here, for us to see him bloom, is special. For us to see him kickin' ass in this movie as an actor," Foxx said. "And at the same time, anybody could tell you Snoop is the ambassador of grace and entertainment and fun... So this moment right here means everything."
Fans can watch Foxx and Snoop Dogg battle bloodsuckers when Day Shift premieres on Netflix Aug. 12.
RELATED CONTENT: | https://www.ktvb.com/article/entertainment/entertainment-tonight/snoop-dogg-talks-reuniting-with-dr-dre-for-new-music-30-years-later-back-together-again-exclusive/603-47d556de-0a77-448b-b1e6-5fe22331c83e | 2022-08-11T13:03:00Z | https://www.ktvb.com/article/entertainment/entertainment-tonight/snoop-dogg-talks-reuniting-with-dr-dre-for-new-music-30-years-later-back-together-again-exclusive/603-47d556de-0a77-448b-b1e6-5fe22331c83e | false |
Lots of time for this to happen for real – when did Gretusky play last? And when are teams coming around after the Olympic period for him? If only O-Z and G got it to happen… G could get that 25 mil that he crappy contract has left him… That seems just crazious for someone with the least amount possible miles as per the average player at present!!!… The Kings really don have very many prospect/N.N and draft This morning, I took pictures that had, if all those tiny bumps (which looked the right colors by the day; white is too harsh in them so my instinct says white won\\'t give as much contrasting against skin color.) are supposed by those standards and whatever\\'a you guys may not yet be done dry but dry for my liking. Maybe if I got around 8 hanks a day the color and such... or even... he he heh. The hair Beaches Closed in Huron County
August 11, 2022 6:00AM EDT
Beachgoers heading to Huron County may need to rethink their plans due to closures of three area beaches.
Wagener County Park, Bird Creek County Park and Jenks Roadside Park beaches are all closed due to elevated levels of E. Coli bacteria. Recent testing of water samples by the Huron County Health Department found the bacteria levels exceed state standards on human body contact.
The beaches will remain closed until tests determine that the bacteria levels are once again safe for humans. | https://www.wsgw.com/beaches-closed-in-huron-county/ | 2022-08-11T13:04:53Z | https://www.wsgw.com/beaches-closed-in-huron-county/ | true |
Clients of winning agencies are twice as likely to be completely satisfied.
DALLAS, Aug. 11, 2022 /PRNewswire/ -- Consilium Staffing, a premier locum tenens staffing firm, connecting doctors and advanced practitioners with healthcare facilities nationwide, announced today that for the second consecutive year, they have won the Best of Staffing Client Award for providing superior service to the healthcare facilities they serve.
In partnership with presenting sponsor Indeed and gold sponsor Talent.com, ClearlyRated's Best of Staffing® Award winners have proven to be industry leaders in service quality based entirely on ratings provided by their clients. On average, clients of winning agencies are twice as likely to be completely satisfied with the services provided compared to those working with non-winning agencies.
Consilium Staffing received a Net Promoter® Score of 55.9%, significantly higher than the industry's average of 29% in 2021.
"Consilium is focused on people and places, more than just placements. This shows up in our commitment to serve the healthcare facilities that choose to partner with us," said Matt Baade, Executive Vice President for Consilium. "It is an honor to receive this award from ClearlyRated, but the greatest reward is the direct feedback from those we serve at these healthcare facilities, telling us we are delivering a great locum tenens experience."
"Winners of the 2022 Best of Staffing award have demonstrated their commitment to delivering exceptional service, even as Covid-19 has forced them to reimagine and rebuild their approach to business," said ClearlyRated's CEO and Founder, Eric Gregg. "These service leaders have kept the client, talent, and employee experience at the heart of their business strategy, and it's my honor to celebrate and showcase the 2022 Best of Staffing winners alongside feedback from their actual clients on ClearlyRated.com!"
Consilium Staffing is a premier locum tenens staffing firm, connecting doctors and advanced practitioners with healthcare facilities nationwide. For more information, please visit Consilium Staffing and follow us on LinkedIn, Facebook, Twitter, and Instagram.
Rooted in satisfaction research for professional service firms, ClearlyRated utilizes a Net Promoter® Score survey program to help professional service firms measure their service experience, build online reputation, and differentiate on service quality. Learn more at https://www.clearlyrated.com/solutions/.
ClearlyRated's Best of Staffing® Award is the only award in the U.S. and Canada that recognizes staffing agencies that have proven superior service quality based entirely on ratings provided by their clients, placed talent, and internal employees. Award winners are showcased by city and area of expertise on ClearlyRated.com—an online business directory that helps buyers of professional services find service leaders and vet prospective firms with the help of validated client ratings and testimonials.
Contact
K. Morehouse, Sr. Director Marketing & Communications
p. (214) 272-6935
kmorehouse@consiliumstaffing.com
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SOURCE Consilium Staffing | https://www.wflx.com/prnewswire/2022/08/11/consilium-staffing-wins-clearlyrateds-2022-best-staffing-client-award-service-excellence/ | 2022-08-11T13:05:59Z | https://www.wflx.com/prnewswire/2022/08/11/consilium-staffing-wins-clearlyrateds-2022-best-staffing-client-award-service-excellence/ | true |
For the first time since early March, the average cost for a gallon of gas in the U.S. is below $4 a gallon. According to AAA data, gas hit an average of $3.99 a gallon on Thursday after two months of declining prices.
Gas prices are down from a peak of $5.01 a gallon on June 14. Prices remain high compared to this time a year ago when gas was $3.18 a gallon.
California and Hawaii are the only states where gas remains above $5 a gallon. Texas has the lowest average price for gas at $3.49 a gallon.
Demand for gas has declined this summer amid high prices. Earlier this week, AAA compared the current market to July 2020, when many Americans were not traveling due to the pandemic.
There have also been rising domestic and international oil supplies, which helps bring down the cost.
“Oil is the primary ingredient in gasoline, so less expensive oil is helpful in taming pump prices,” said Andrew Gross, AAA spokesperson. “Couple that with fewer drivers fueling up, and you have a recipe for gas prices to keep easing.” | https://www.wcpo.com/news/national/for-the-first-time-since-march-most-stations-selling-gas-below-4 | 2022-08-11T13:06:59Z | https://www.wcpo.com/news/national/for-the-first-time-since-march-most-stations-selling-gas-below-4 | false |
Hyatt will utilize the powerful IDeaS product suite to provide next-generation commercial capabilities
MINNEAPOLIS, Aug. 11, 2022 /PRNewswire/ -- IDeaS, the leading provider of hospitality revenue optimization software and services, announced today a global collaboration with Hyatt to power Hyatt's commercial revenue platform. Hyatt will deploy IDeaS' suite of products globally as a key component in the evolution of its commercial stack.
A leading hospitality company with more than 1,150 hotels globally, Hyatt will leverage the breadth of IDeaS' suite of products to embark on a journey towards profit optimization, developing strategic workflows and modular-based personas to drive best-in-class adoption across their global portfolio.
- Best-in-class modularity and flexibility — IDeaS' industry-leading technology and service approach will enable Hyatt to support the complex needs of its hotel portfolio and ownership types. The platform factors in the unique qualities and differences of each property to operationalize across the brand.
- Automation equals profit — This data-driven approach will empower Hyatt to strategically drive performance and profit across its vast portfolio by focusing on AI-driven opportunities in today's increasingly complex travel landscape.
- Organizational growth empowered by innovation — IDeaS' history of innovation delivers against Hyatt's need for next-level organizational empowerment, leveraging capabilities such as guest, group, and events space profit optimization, streamlined financial forecasting capabilities, and powerful enterprise BI solutions.
- Drive collaboration across commercial teams — Dedicated training and enablement efforts will ensure that colleagues at each property engage in the set-up and configuration process unique to their business needs, a process that is critical to the success of the system.
Michael Klein, vice president of global revenue management, Hyatt, said: "At Hyatt, we offer the benefits of a global network yet remain nimble enough to create true personal connections. Collaborating with a known innovator and disruptor in the revenue management space like IDeaS alongside Hyatt's unique vision for innovative capabilities can create a differentiating value proposition for Hyatt owners and operators and make it easier for property colleagues to focus on what they do best – care for guests and customers."
Sanjay Nagalia, co-founder and chief operating officer, IDeaS, said: "We are excited to be a part of the transformation of Hyatt's commercial revenue platform at a moment of unparalleled opportunity. As the recovery in travel broadens and new toolsets emerge, we are pleased to bring IDeaS' market-leading automation, pricing approach, and a singular focus on holistic, profit optimization to Hyatt's portfolio of properties."
The term "Hyatt" is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates. For more information, please visit www.hyatt.com.
IDeaS, a SAS company, is the world's leading provider of commercial and revenue management software and services. With over 30 years of expertise, IDeaS delivers revenue science to more than 18,000 clients in 145 countries. Combining industry knowledge with innovative, data-analytics technology, IDeaS creates sophisticated yet simple ways to empower revenue leaders with precise, automated decisions they can trust. Results delivered. Revenue transformed. Discover greater profitability at ideas.com.
Press Contact:
Kim Dearborn
kim@mfcpr.com
+1-909-455-4316
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SOURCE IDeaS, a SAS company | https://www.ktre.com/prnewswire/2022/08/11/ideas-announces-hyatt-will-deploy-ideas-platform-across-global-portfolio/ | 2022-08-11T13:07:31Z | https://www.ktre.com/prnewswire/2022/08/11/ideas-announces-hyatt-will-deploy-ideas-platform-across-global-portfolio/ | false |
- Stephen Fry to retire at the end of 2022
- Eric Dozier named Senior Vice President, Human Resources and Diversity
- Winselow Tucker to join Lilly as Senior Vice President and Chief Commercial Officer for Loxo@Lilly
INDIANAPOLIS, Aug. 11, 2022 /PRNewswire/ -- Eli Lilly and Company (NYSE: LLY) today announced the upcoming retirement of one executive committee member, the naming of his successor, and the hiring of a new chief commercial officer for Loxo@Lilly.
After more than 35 years at Lilly, Stephen Fry, senior vice president, human resources and diversity, will retire at the end of 2022.
Commenting on Fry's retirement, David A. Ricks, Lilly chair and CEO, said, "Steve has left a positive and indelible imprint on the people, culture and performance of our company. Serving as our CHRO over the past 11 years, Steve has played a key role in leading us through the challenges we faced in those early years, modernizing so many dimensions of our HR function—including diversity, equity and inclusion—and leading the company's efforts to become a premier employer around the world. His depth of knowledge about our business, commitment to Lilly, and expertise in human resources will be missed by employees, management, and our board. We wish Steve all the best in his well-earned transition to retirement."
Eric Dozier, currently vice president and chief commercial officer for Loxo@Lilly, is being promoted to succeed Fry as senior vice president, human resources and diversity. Dozier will report to Ricks and join Lilly's Executive Committee upon Fry's retirement.
"Eric is the right leader to drive our people strategy and diversity, equity, and inclusion agenda as Lilly enters a new and exciting chapter of growth," said Ricks. "A long-tenured Lilly executive who understands our strong heritage and culture, Eric has led transformative change across the enterprise, has a track record of developing people and teams that deliver strong business results, and has the trust of his Lilly colleagues."
During his nearly 25-year career with Lilly, Dozier has held roles of expanding responsibility in the company's commercial business across multiple therapeutic areas, including serving as chief marketing officer for the Japan affiliate. Prior to his current role, Dozier served as vice president of global ethics and compliance.
Succeeding Dozier will be Winselow Tucker, who joins Lilly at the end of August as senior vice president and chief commercial officer for Loxo@Lilly, reporting to Jacob Van Naarden, senior vice president and CEO of Loxo@Lilly. Winselow joins Lilly from Bristol Myers Squibb, where he served as senior vice president and general manager of US Hematology before assuming his current responsibilities as senior vice president, intercontinental, earlier this year. Prior to joining BMS, Winselow held leadership roles at Novartis and Celgene. He holds a bachelor's degree in business administration from Howard University and a Master of Business Administration from Indiana University.
"Winselow brings deep expertise in both oncology and hematology that will support the continued growth of our existing commercial portfolio and efforts to bring our pipeline of cancer medicines to patients around the world," said Van Naarden.
About Lilly
Lilly unites caring with discovery to create medicines that make life better for people around the world. We've been pioneering life-changing discoveries for nearly 150 years, and today our medicines help more than 47 million people across the globe. Harnessing the power of biotechnology, chemistry and genetic medicine, our scientists are urgently advancing new discoveries to solve some of the world's most significant health challenges, redefining diabetes care, treating obesity and curtailing its most devastating long-term effects, advancing the fight against Alzheimer's disease, providing solutions to some of the most debilitating immune system disorders, and transforming the most difficult-to-treat cancers into manageable diseases. With each step toward a healthier world, we're motivated by one thing: making life better for millions more people. That includes delivering innovative clinical trials that reflect the diversity of our world and working to ensure our medicines are accessible and affordable. To learn more, visit Lilly.com and Lilly.com/newsroom. C-LLY
Lilly Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements (as that term is defined in the Private Securities Litigation Reform Act of 1995), including related to leadership changes and Lilly's strategy, and reflects Lilly's current beliefs and expectations. There can be no assurance that the leadership changes will achieve Lilly's objectives or that Lilly will execute its strategy as planned. For further discussion of risks and uncertainties relevant to Lilly's business, please see Lilly's most recent Forms 10-K and 10-Q filed with the U.S. Securities and Exchange Commission. Lilly undertakes no duty to update forward-looking statements.
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General News of Thursday, 11 August 2022
Source: www.ghanaweb.com
Security Analyst, Dr. Adam Bonaa has berated President Nana Addo Dankwa Akufo-Addo for saying that persons calling for a reshuffle in his government include National Democratic Congress (NDC) members who want to destabilize his government.
Dr. Bonaa claimed that the president was contradicting himself when he made the claim because he just changed the National Security Secretariat's executive team without the nation becoming unstable.
Speaking in a Neat FM interview, monitored by GhanaWeb, the security analyst indicated that the president’s response to his critics was unnecessary and was made probably because his aids are feeding him wrong information.
“The president should speak to calm nerves. How can a reshuffle destabilize the government? Reshuffles have been done since 1992. When the president reshuffled the leadership of the National Security, did it destabilise the National Security? No.
“The president, excuse me to say, is contradicting himself, because he has done a reshuffle at the National Security, your foremost intelligence agency and that has not destabilised the country. As far as I'm concerned I think respectively the president should come again.
“I don’t think it is NDC members who are calling for a reshuffle. It is the ordinary kenkey seller. The ordinary persons like me and other people who are saying that if water remains at the same place for too long it smells… the president must come again. Some of his ministers have done well, and he should retain them. But others have performed badly and they should be sacked,” he said in Twi.
He reiterated that the president was sowing division in the country rather than bringing Ghanaians together in this difficult time.
In an interview on North Star FM, President Akufo-Addo said those calling for a reshuffle might be persons looking for job opportunities and some NDC members whose actions may be aimed at undermining the government.
He also said that his ministers had performed well and, therefore, had no good reason to reshuffle them despite the pressure.
"Many of them, for me, have done outstanding work. Their output has been considerable, and that is what I look at. If the output measures expectations, then I don't have any strong reasons to heed the call," Akufo-Addo said.
Watch Dr. Bona's interview below:
Watch the latest GhanaWeb Special below:
IB/BOG | https://www.ghanaweb.com/GhanaHomePage/NewsArchive/How-can-a-reshuffle-destabilize-your-govt-Dr-Adam-Bona-tackles-Akufo-Addo-1600970 | 2022-08-11T13:08:52Z | https://www.ghanaweb.com/GhanaHomePage/NewsArchive/How-can-a-reshuffle-destabilize-your-govt-Dr-Adam-Bona-tackles-Akufo-Addo-1600970 | false |
SHERIDAN, Wyo., Aug. 11, 2022 /PRNewswire/ -- Today, FCM MM HOLDINGS, LLC ("FCM") announced that it has sent a letter to the Board of Directors of Mind Medicine (MindMed) Inc. (NASDAQ:MNMD) (the "Company" or "MindMed") calling on the Board to adopt a new strategic plan proposed by FCM including: refocusing on its core drugs, cutting cash burn, and terminating MindMed's at-the-money equity offering. FCM is directed and managed Dr. Scott Freeman, co-founder and former Chief Medical Officer of MindMed, who has offered to provide MindMed his expertise as a director on MindMed's board.
As detailed in the letter, FCM believes MindMed has underperformed—operationally, financially, and strategically—as a direct result of management's lack of focus on its core drugs: MM-110 (18-MC) and MM-120 (LSD). FCM contends that MindMed can bring MM-120 to market in four years rather than seven to eight years, by re-classifying MindMed's Phase IIb study on MM-120 to a Phase III study. FCM also proposes that the Company reduce costs from forty-five million dollars per year to under twenty-five million dollars and that the unnecessary and dilutive at-the-money offering should be eliminated. By executing these proposals, FCM believes that MindMed can unlock significant long-term value for MindMed's shareholders.
FCM's large economic stake in MindMed reflects its convictions regarding MindMed's potential and gives it a strong interest in the success of MindMed.
The full text of the letter is available and can be downloaded at mindmed.zone/letter
About FCM
FCM is managed by Dr. Scott Freeman and represents an investment of 5.6% of MindMed's shares outstanding. Dr. Freeman's investment in MindMed is in excess of nineteen million shares or 4.51% of MindMed's outstanding shares. FCM's letter is additionally signed by Chad Boulanger. Chad Boulanger has an investment in over four million shares of MindMed or 1% of MindMed's outstanding shares.
FCM additionally represents other early investors in MindMed who all have a strong interest in seeing the long-term success of MindMed.
For additional disclosure relating to public broadcast solicitations please see mindmed.zone/disclosure
Media Contact
Jake Freeman
Executive President
FCM MM HOLDINGS, LLC
30 N Gould St. Ste R
Sheridan, WY 82801
Phone: 908-308-2381
Email: jake@mindmed.zone
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SOURCE FCM MM Holdings, LLC | https://www.wflx.com/prnewswire/2022/08/11/mindmed-co-founder-dr-scott-freeman-proposes-value-enhancement-plan/ | 2022-08-11T13:09:05Z | https://www.wflx.com/prnewswire/2022/08/11/mindmed-co-founder-dr-scott-freeman-proposes-value-enhancement-plan/ | false |
- Partnership continues important research, rescue, education, and policy efforts for keystone marine species including sharks.
- SeaWorld continues to support OCEARCH-led research expeditions; SeaWorld scientists join the team aboard research vessels to advance the study of key species
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ORLANDO, Fla., Aug. 11, 2022 /PRNewswire/ -- In a continuing effort to support the conservation of marine life through research, SeaWorld and OCEARCH have renewed their multi-year partnership to gather critical scientific data in the study of keystone marine species in the wild. The partnership is focused in the areas of rescue, research, education, and policy to advance understanding and help ensure healthy and abundant populations.
- Research – SeaWorld and OCEARCH share research on tagged animals to make that knowledge widely available and utilize this science to protect and preserve marine animals.
- Rescue – SeaWorld has rescued more than 40,000 animals and the knowledge gained from their rescue and rehabilitation has added vital knowledge to the conservation of their counterparts in the wild. Some of the animals rehabilitated and returned to the wild by SeaWorld are also tracked on OCEARCH's Global Shark Tracker, providing valuable, open-sourced data to the public.
- Policy – Both organizations will continue their work to utilize the open-sourced data from sampled and tagged marine animals to advocate for the protection of marine life.
OCEARCH Founder and Expedition Leader Chris Fischer said, "Our partnership with SeaWorld has been an important part of making our research possible. They've helped us build out and broaden our science disciplines to maximize the amount of knowledge and data we collect from every animal we sample and release. Their expertise in reproductive biology is leading the way in understanding how white sharks mate, reproduce, and give birth. We look forward to continuing to partner with them for many years to maximize the rate at which we can collect data to return our oceans to balance and abundance."
OCEARCH's popular Global Shark Tracker houses data on rescued, rehabilitated and returned marine animals. It offers both the scientific community and the public the ability to learn more about threatened and endangered species as they are given a second chance at life. Data on three of SeaWorld's rescued and returned animals – Gale, a pilot whale, TJ, a dolphin, and Iris, a harbor seal – can now be found at OCEARCH.org.
"Since the beginning of our partnership with OCEARCH, we've been proud to collaborate on the conservation research work done by this community of scientists, all with the common goal of securing a positive future for sharks," said Dr. Chris Dold, Chief Zoological Officer at SeaWorld Parks & Entertainment.
Scientific Study at Sea
Scientific study is conducted aboard a 126-foot research vessel M/V OCEARCH. It serves as a floating science lab and set out on its first expedition when the partnership formed in 2018.
In 2019, SeaWorld Veterinarian and Reproductive Physiologist Dr. Gisele Montano first joined OCEARCH during Expedition NASFA to study shark reproduction off the coast of the Carolinas. She continues to join the research team at sea on key missions.
"SeaWorld and OCEARCH have a great collaboration. OCEARCH allows researchers like me, to study animals in the wild using techniques used at our parks," said Dr. Gisele Montano, Director of Species Sustainability at SeaWorld Orlando. "SeaWorld and OCEARCH are working together to learn more about white sharks, so we can help protect them and their environment."
During the expedition, Dr. Montano's role onboard the OCEARCH Vessel was to ultrasound all animals and collect semen from mature male sharks. The unique aspect of OCEARCH's Expedition NASFA to the Carolinas was to investigate the area as a possible mating ground for white sharks. The immense movement and track data Dr. Montano and her team received from their past tagged sharks concluded that both males and females spend some time near the coast of South and North Carolina during their yearly migration up the Northwest Atlantic coast.
The OCEARCH team and SeaWorld's veterinarians, scientists and researchers work together on these expeditions to share knowledge and experience, which will contribute to their shared mission of continuing to educate future generations and advocate for ocean health and marine animal conservation efforts.
About SeaWorld Entertainment, Inc.
SeaWorld Entertainment, Inc. (NYSE: SEAS) is a leading theme park and entertainment company providing experiences that matter, and inspiring guests to protect animals and the wild wonders of our world. The Company is one of the world's foremost zoological organizations and a global leader in animal welfare, training, husbandry and veterinary care. The Company collectively cares for one of the largest zoological collections in the world and has helped lead advances in the care of animals. The Company also rescues and rehabilitates marine and terrestrial animals that are ill, injured, orphaned or abandoned, with the goal of returning them to the wild. The SeaWorld® rescue team has helped more than 39,000 animals in need over the last 55 years. SeaWorld Entertainment, Inc. owns or licenses a portfolio of recognized brands including SeaWorld, Busch Gardens®, Aquatica®, Sesame Place® and Sea Rescue®. Over its more than 55-year history, the Company has built a diversified portfolio of 12 destination and regional theme parks that are grouped in key markets across the United States, many of which showcase its one-of-a-kind zoological collection. The Company's theme parks feature a diverse array of rides, shows and other attractions with broad demographic appeal which deliver memorable experiences and a strong value proposition for its guests.
About OCEARCH
OCEARCH is a global non-profit organization conducting unprecedented research on our ocean's giants in order to help scientists collect previously unattainable data in the ocean. Our mission is to accelerate the ocean's return to balance and abundance through fearless innovations in critical scientific research, education, outreach, and policy using unique collaborations of individuals and organizations in the U.S and abroad. OCEARCH is recognized as a world leader in generating scientific data related to tracking (telemetry), and biological studies of keystone marine species such as great white sharks, tiger sharks, and more. OCEARCH provides a free open-sourced Shark Tracking service and app that allows scientists, educators, and fans alike to learn about the never before documented movements of our ocean's animals. OCEARCH's research is proudly supported by Costa Sunglasses, SeaWorld, Yeti, Ulysse Nardin, Blundstone, Cisco Brewers, Jefferson's Bourbon and our educational home Jacksonville University. Learn more at ocearch.org.
Media Contacts:
SeaWorld
Mediarelations@seaworld.com
SWO.PR@SeaWorld.com
OCEARCH
press@ocearch.org
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SOURCE SeaWorld Parks & Entertainment | https://www.ktre.com/prnewswire/2022/08/11/seaworld-ocearch-renew-partnership-continue-vital-conservation-research-protect-marine-life/ | 2022-08-11T13:10:48Z | https://www.ktre.com/prnewswire/2022/08/11/seaworld-ocearch-renew-partnership-continue-vital-conservation-research-protect-marine-life/ | false |
Entertainment of Thursday, 11 August 2022
Source: www.ghanaweb.com
On August 11, 2016, Ghanaian socialite, Achipalago, mentioned that he was a big shot abroad, although many Ghanaians don't regard him.
He added that he was not phased by the way he was being treated because it wouldn't stop him from achieving greater heights.
Read the full story originally published on August 11, 2016 by dailyguideafrica.com.
Guess the name ‘Archipalago’ is not new to you, right? Yes, popular Facebook vlogger and promoter, Dennis Anane, popularly known as Archipalago, has lamented the lack of recognition from his own Ghanaians towards him.
According to the ‘Bie gya’ crooner, Ghanaians just don’t want to appreciate his works but that won’t stop him. In one of his numerous videos, he said, “I’m international known but locally slept on but that won’t stop me.
The name Archipalago is now global.” He continued, “I can’t stop because God keeps telling me, I will be. Mallams, Pastors, Musicians, and Presenters among others have all used my terms especially ‘bie gya’.
Bie gya is now international and because of that people living abroad are calling me and recognizing my efforts here and there but that’s not the case here in Ghana, it’s vice-versa; jealousy, lack of support, lack of recognition...” Archi lamented.
Palago Mufasa also disclosed that when you are an artiste and you want to perform in Kumasi then you have to pay a courtesy call on him or else, your show would flop to the maximum.
Anane Dennis aka. Palago Mufasa has also featured in Delay’s Cocoa Brown TV series, Yvonne Nelson’s Heels and sneakers TV series as well as made cameo appearances in videos such as Kakai, Bie gya, Flowking Stone’s Mekyea Kyea among others.
ADA/BOG | https://www.ghanaweb.com/GhanaHomePage/entertainment/Today-In-History-I-m-internationally-known-but-not-in-Ghana-Archipalago-1600976 | 2022-08-11T13:10:49Z | https://www.ghanaweb.com/GhanaHomePage/entertainment/Today-In-History-I-m-internationally-known-but-not-in-Ghana-Archipalago-1600976 | true |
(KTLA) — Los Angeles Lakers legend Kobe Bryant may have had an untimely passing, but his memory lives on in thousands of youngsters who will bear his name and keep his legacy alive.
The NBA Hall of Famer tops the list of sports-inspired baby names from 2020-21, according to research from sports betting site BetSperts.
An analysis of the top sports-related baby names found that 17,071 newborns were named Kobe during that time frame. The name saw a 201% increase, likely spurred by Bryant’s death in January 2020.
Bryant, his daughter Gigi and six other people died on Jan. 26, 2020, after the helicopter they were riding in crashed in the hills near Calabasas. All eight people, including the pilot, were killed on impact.
Their deaths led to an outpouring of community support and tributes, including music, street art, murals, tattoos — and now baby names.
Though the popularity of Kobe as a first name grew tremendously after his death, it wasn’t the largest single-year increase ever recorded, according to the website. That title belongs to Tiger Woods, whose first name grew in popularity by 209% in 2009 — although it’s unclear just how many “Tigers” were born that year.
Tiger returned to the top 10 this year, with 810 rugrats getting the name in 2020.
Other possible sports-inspired names that cracked the list include Serena (as in Williams), Marshawn (Lynch) and Floyd (Mayweather).
Here is the complete list of top 10 sports-inspired baby names, according to BetSperts:
Those stats are only reflective of data from 2020-21; other stars have made a huge impact in name interest since their careers began. Some of those athletes who inspired their own baby-name booms include James Harden (“Harden” as a first name, apparently) and LeBron (James).
But no athlete’s career has spawned more interest in a baby name like Sidney Crosby. Since “Sid the Kid” entered the National Hockey League in 2005, analysts had observed an increase in babies named Crosby of more than 2000%. . And unless there was a recent resurgence of fans of Bing or David, the credit for that spike probably goes to Sidney.
That list doesn’t include any variations on the name Jalen, however. Former NBA swingman and current TV analyst Jalen Rose is widely believed to be one of, if not the first person in America named Jalen. In 2021, more than 30 professional athletes in America had some variation of that name, according to ESPN, and that number has likely increased since then.
As it stands, though, Kobe is the sports-inspired name of the moment. So 10 to 15 years from now, don’t be surprised if a handful of teenagers turn to give you a puzzled look when you yell out, “Kobe!”
And what better way to honor a legend of the game?
Visit BetSperts for more information about the methodology used in the ranking, and to see the next 15 sports-inspired baby names on the list. | https://cw33.com/news/nexstar-media-wire/kobe-tops-list-of-sports-inspired-baby-names-in-america/ | 2022-08-11T13:13:21Z | https://cw33.com/news/nexstar-media-wire/kobe-tops-list-of-sports-inspired-baby-names-in-america/ | false |
LAKELAND, Fla. — With the new school year underway, students who attend Polk County Public Schools are adjusting to a new safety policy. At the district’s middle and high schools, students will be randomly searched for weapons and dangerous items.
According to Superintendent Frederick Heid, the policy was implemented to bolster school safety after national incidents like the school shooting in Uvalde, TX.
“We are well within our rights to make sure our campuses are safe and secure,” Heid said during a recent news conference.
According to the district’s website, the random screenings will involve the use of metal detector wands. Purses and bags will also be searched.
Heid said law enforcement would not conduct the searches. Instead, a collection of school and district administrators — like deans and assistant principals — will perform the searches. However, law enforcement will be present “should dangerous or illegal items be found.”
The searches will happen in some capacity at all middle and high schools daily.
Heid stresses that the searches will be truly random.
“These are not searches that are done every single day at the same location, at the same time,” he said.
Schools might rotate the location of searches. For instance, searches could be conducted at one school entrance on one day and at another entrance on the following day.
Heis said schools might also rotate how students are randomly picked for a search.
“So it could be every tenth child that walks through the door — every fifteenth child that walks through the door — but it has to be truly randomized, and the school has to have a plan in place, and all of that’s been addressed through their training so that we are compliant with state and federal policies,” he said.
The NAACP Lakeland Branch wants to make sure the policy is carried out fairly and equitably but understands why Polk County Public Schools is concerned about safety, says branch president Terry Coney.
“I always err on the side of safety,” Coney said.
Coney, however, said his branch has a direct line of communication with Heid, will attend school board meetings and will monitor the new policy to make sure it’s fair and random.
“It’s just a matter of if they can do it equitably, given the demographics of kids in schools,” Coney said.
Read more from the district about the policy at this link.
According to the district, there were 44 weapons confiscated from students “with intent to do harm” last year. Of the objects confiscated, six were firearms.
The district said it will send out an automated telephone call to let parents know when their students are searched. | https://www.abcactionnews.com/news/region-polk/polk-schools-implements-random-searches-at-middle-and-high-schools-local-naacp-to-monitor | 2022-08-11T13:16:04Z | https://www.abcactionnews.com/news/region-polk/polk-schools-implements-random-searches-at-middle-and-high-schools-local-naacp-to-monitor | true |
Paid Internships Connect New Jersey Youth to Career Building Opportunities
TRENTON, N.J., Aug. 11, 2022 /PRNewswire/ -- Bank of America today announced five Northern New Jersey high school students have been selected as Student Leaders® (#BofAStudentLeaders), an eight-week paid internship providing students with first-hand experience in serving their communities. These students are mid-way through their internship experience of workforce skills, leadership, and civic engagement with local Boys & Girls Clubs in New Jersey. As part of the program, they will earn $17 per hour and receive a Chromebook.
The Student Leaders program, which started in 2004, recognizes 300 community-focused juniors and seniors from across the U.S. each year. In New Jersey, Student Leaders work closely with the Boys & Girls Clubs to provide needed administrative support and actively shape the experiences of local children. With guidance from the bank and NJ Boys & Girls Clubs, the Student Leaders are gaining access to career skills-building opportunities that are crucial in today's fast-paced and ever-changing job market.
"This is a win-win for New Jersey. So many organizations need talented young people to help serve our communities. With the Student Leaders program, we're able to pair some of New Jersey's best and brightest students with nonprofit jobs that will truly have an impact," said Alberto Garofalo, president, Bank of America New Jersey. "Young adults are the future of our state, and programs like Student Leaders are one way we can provide paid opportunities that help pave the way for the next generation of the local workforce."
Bank of America's selected Student Leaders are:
- Bergen County
- Essex County
- Hudson County
- Hudson County
- Middlesex County
These five students underwent a rigorous application process and were selected for their leadership, background, passion, and commitment to New Jersey's local communities. While the students come from diverse backgrounds, they all are united by their drive and commitment to serve others.
"We are thrilled to have this year's Student Leaders working alongside our dedicated Club youth staff throughout Northern New Jersey," said Susan Haspel, state director, Boys & Girls Clubs in New Jersey. "Their perspective has been invaluable, and through our partnership with Bank of America we can help provide them with important leadership training and hands-on work experience."
Bank of America
At Bank of America (NYSE: BAC), we're guided by a common purpose to help make financial lives better, through the power of every connection. We're delivering on this through responsible growth with a focus on our environmental, social and governance (ESG) leadership. ESG is embedded across our eight lines of business and reflects how we help fuel the global economy, build trust and credibility, and represent a company that people want to work for, invest in and do business with. It's demonstrated in the inclusive and supportive workplace we create for our employees, the responsible products and services we offer our clients, and the impact we make around the world in helping local economies thrive. An important part of this work is forming strong partnerships with nonprofits and advocacy groups, such as community, consumer and environmental organizations, to bring together our collective networks and expertise to achieve greater impact. Learn more at about.bankofamerica.com, and connect with us on Twitter (@BofA_News).
For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom, and register for news email alerts.
Boys & Girls Clubs in New Jersey
Boys & Girls Clubs in New Jersey is an alliance of 22 Boys & Girls Club organizations serving more than 71,000 youth ages 5-18 throughout the Garden State. Boys & Girls Clubs in New Jersey is a collaborative effort representing all 22 Clubs with the purpose of building local Club capacity; raising public awareness; and securing resources and financial support to increase the impact and reach of NJ Clubs. Learn more about Boys & Girls Clubs in New Jersey at www.bgcnj.org.
Reporters May Contact:
AnnMarie McDonald, Bank of America Media Relations
Phone: 1.332.234.8635
annmarie.mcdonald@bofa.com
Susan Haspel, State Director, Boys & Girls Clubs in New Jersey
Phone: 1.201.994.6895
shaspel@bgcnj.org
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SOURCE Bank of America Corporation | https://www.wbay.com/prnewswire/2022/08/11/five-new-jersey-teens-selected-bank-america-student-leaders/ | 2022-08-11T13:16:17Z | https://www.wbay.com/prnewswire/2022/08/11/five-new-jersey-teens-selected-bank-america-student-leaders/ | false |
COQUITLAM, BC, Aug. 11, 2022 /PRNewswire/ -- Fuse Cobalt Inc. ("the Company" or "Fuse") (TSXV: FUSE) (OTCQB: FUSEF) (FRA:43W3) is pleased to announce that effective August 9, 2022 , the Company has signed a non-binding Memorandum of Understanding ("MOU") regarding a Cobalt Raw Material Supply Agreement with Electra Battery Materials Corporation ("Electra"). This agreement is focused primarily on Fuse's Teledyne and Glencore Bucke Cobalt Exploration Projects located in Cobalt, Ontario in close proximity to Electra's cobalt sulfate refinery in Temiskaming Shores, Ontario.
Mr. Robert Setter, Fuse CEO comments, "This MOU is the first step towards a potential Definitive Agreement to supply cobalt raw material for Electra's nearby cobalt refinery and sets out the terms by which we will exchange information with Electra to advance a potential transaction to involving the supply of cobalt raw materials. The end result of this collaboration will be the execution of a Definitive Agreement to provide cobalt feed stock to the Electra Cobalt Refinery which is roughly a stone's throw away from our two cobalt exploration properties in Ontario."
Trent Mell, Electra's CEO stated, "Having a domestic source of cobalt raw material produced ethically and with low-carbon emissions will help us to better address the demand for onshore EV battery materials. We look forward to working with Fuse Cobalt as they advance development of their projects and begin production."
The Transaction contemplates the supply of cobalt raw material from either one or both of the Company's Glencore Bucke and Teledyne mining projects located in northeastern Ontario, Canada. The transaction is expected to provide a 'Made in North America', low greenhouse gas emissions cobalt sulfate solution, capable of supplying the continent's growing lithium-ion battery supply capacity.
This MOU is anticipated to lay the framework for a future Transaction contemplating the following elements:
- Electra commits to purchase up to 2 kpta (kilo tonnes) per annum of cobalt contained in raw material from Fuse Cobalt's 'Glencore Bucke' and/or 'Teledyne' operations to Electra's Cobalt Camp Refinery.
- Fuse Cobalt will use commercially reasonable efforts to achieve commercial production on or before January 1, 2028, which may be extended by agreement of the parties for up to 12 months following which Electra has a right to terminate the agreement and Fuse Cobalt may elect to sell to other parties.
- The purchase price to be paid by Electra for cobalt in raw material will be linked to Fastmarkets MB's standard-grade metal price multiplied by a payable mechanism to be agreed prior to completion of the Transaction.
- Electra and Fuse Cobalt agree to collaborate on ways to extract copper by-product on a profit share basis.
The Transaction is subject to a Definitive Agreement which is in turn subject to the following conditions:
- Fuse to develop a processing flowsheet designed to produce a cobalt material which is suitable for further processing to battery grade cobalt sulfate at Electra's refinery.
- Fuse to align with and abides by Electra's Supply Chain Policy, Environmental Policy, Sustainability Policy, and Human Rights Policy, as outlined in Appendix A of this MOU. Within 12 months of first production, furthermore, Fuse Cobalt commits to starting the process to become Responsible Minerals Initiative certified through the Responsible Minerals Assurance Process.
- Fuse to successfully complete a bankable feasibility study of either or both of the aforementioned primary cobalt projects.
About Fuse Cobalt Inc. https://fusecobalt.com/
Fuse Cobalt Inc. is a Canadian based exploration company that trades under the symbol FUSE on the TSX Venture Exchange. The Company's focus is on exploration for high value metals required for the manufacturing of batteries.
Ontario Cobalt Properties:
Fuse owns a 100% interest its Glencore Bucke Property, situated in Bucke Township, 6 km east-northeast of Cobalt, Ontario, subject to a back-in provision, production royalty and off-take agreement. The Glencore Bucke Property consists of 16.2 hectares and sits along the west boundary of Fuse's Teledyne Cobalt Project. The Company also owns a 100% interest, subject to a royalty, in the Teledyne Project located near Cobalt, Ontario. The Teledyne Property adjoins the south and west boundaries of claims that hosted the Agnico Mine.
On Behalf of the Board of Directors
"Robert Setter"
Robert Setter, President & CEO
Phone : (236) 521-0207
Email: info@fusecobalt.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. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results.
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SOURCE Fuse Cobalt Inc. | https://www.wbay.com/prnewswire/2022/08/11/fuse-cobalt-signs-mou-with-electra-battery-materials-first-step-supply-cobalt-raw-material-electras-cobalt-refinery-ontario/ | 2022-08-11T13:16:31Z | https://www.wbay.com/prnewswire/2022/08/11/fuse-cobalt-signs-mou-with-electra-battery-materials-first-step-supply-cobalt-raw-material-electras-cobalt-refinery-ontario/ | true |
VEGOILS-Palm rises on firmer rivals, August export data
By Fransiska Nangoy
JAKARTA, Aug 11 (Reuters) - Malaysian palm oil futures climbed on Thursday, supported by a bullish run in rival oils and data that showed exports of palm oil products rose in the first 10 days of the month.
The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange gained 3.82% to close the afternoon trade at 4,268 ringgit ($960.61) per tonne, the highest since July 29.
"Today, we're mainly following Dalian palm oils movement," a trader in Kuala Lumpur said, adding that exports data for Aug. 1-10 were also supportive for the contract.
"The latest export shows strength may be due to decreasing stockpiles in both China and India," the trader added.
Dalian's palm oil contract DCPv1 rose 1.94%, while its most-active soy oil contract DBYv1 was traded 0.32% higher. Soyoil prices on the Chicago Board of Trade BOc2 were up 0.39%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Exports of Malaysian palm oil products for August 1-10 rose around 10% monthly, cargo surveyor Intertek Testing Service and independent inspection company AmSpec Agri Malaysia said on Wednesday.
Cargo surveyor Societe Generale de Surveillance, however reported on Thursday that Malaysia's palm oil products exports dropped 16% in Aug. 1-10 exports.
Rival Indonesia exported 2.33 million tonnes of palm oil and its refined products in June, helping ease its stock to 6.68 million tonnes by month end, from 7.23 million in May, the Indonesia Palm Oil Association said on Thursday.
Palm oil may test a resistance at 4,269 ringgit per tonne, a break above which may lead to a gain to 4,452 ringgit, Reuters technical analyst Wang Tao said. TECH/C
($1 = 4.4430 ringgit)
(Reporting by Fransiska Nangoy; Editing by Sherry Jacob-Phillips, Uttaresh.V and Shailesh Kuber)
((Fransiska.Nangoy@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | https://www.nasdaq.com/articles/vegoils-palm-rises-on-firmer-rivals-august-export-data-0 | 2022-08-11T13:18:37Z | https://www.nasdaq.com/articles/vegoils-palm-rises-on-firmer-rivals-august-export-data-0 | true |
LAS VEGAS, Aug. 11, 2022 /PRNewswire/ -- Nitches Inc., (NICH) (the "Company") which blends high-tech with high-end fashion to create exclusive clothing lines and legacy collections, today announced it will soon unveil an industry-changing NFT (non-fungible token) project and website for its "Peace on Marz" campaign developed with "BadAss Vegan" influencer John Lewis. Nitches' Creative director Anthony Piper used his expertise as a comic book artist to hand draw the NFT Marz Variant characters, which were recently delivered to Nitches' web development team.
"Anthony has painstakingly created some unique NFT characters that rival his previous work at Marvel Entertainment and with Lionsgate. They are truly works of art that will disrupt the NFT market," said John Morgan, Nitches' CEO. "We also plan to rock the NFT community with a special gift to promote the 'Peace on Marz' campaign later this month."
Piper and Lewis collaborated to create an inclusive story that brings Martians and humans together in peace and harmony. The one-of-a-kind story will be shared on the "Peace on Marz" website, which launches later this month. The story focuses on four different Martians with their own unique traits and styles that will translate well into NFTs.
The "Peace on Marz" campaign will also include other special promotions, exclusive merchandising and productive partnerships that will be announced at a later date.
Nitches is a diversified technology and exclusive clothing company that blends high-tech with high-end fashion to design luxury clothing items and NFTs. We specialize in creating limited-edition athleisure and streetwear apparel and accessories that are sustainable, authentic and exclusive. We collaborate with fashion-forward influencers and celebrities to create capsule collections that reflect their vision and brand. We develop innovative technology to protect our intellectual property and prevent counterfeiting. Nitches strives for creativity, excellence and value in all that we do for our collaborators, customers and stakeholders.
Forward Looking Statements:This press release contains forward-looking statements. The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. The Company has based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Some or all of the results anticipated by these forward-looking statements may not be achieved. Factors or events that could cause our actual results to differ may emerge, and it is not possible for us to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
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SOURCE Nitches Inc. | https://www.wbay.com/prnewswire/2022/08/11/nitches-peace-marz-nft-project-website-with-influencer-john-lewis-nears-completion/ | 2022-08-11T13:18:58Z | https://www.wbay.com/prnewswire/2022/08/11/nitches-peace-marz-nft-project-website-with-influencer-john-lewis-nears-completion/ | false |
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OPEC, unlike IEA, sees lower 2022 oil demand growth
By Alex Lawler
LONDON, Aug 11 (Reuters) - OPEC on Thursday cut its 2022 forecast for growth in world oil demand for a third time since April, citing the economic impact of Russia's invasion of Ukraine, high inflation and efforts to contain the coronavirus pandemic.
The view from the Organization of the Petroleum Exporting Countries contrasts with that of the International Energy Agency, which earlier on Thursday raised its demand outlook.
OPEC in a monthly report said it expects 2022 oil demand to rise by 3.1 million barrels per day (bpd), or 3.2%, down 260,000 bpd from the previous forecast.
OPEC left its 2023 growth projection unchanged at 2.7 million bpd.
Oil use has rebounded from the worst of the pandemic and is set to exceed 2019 levels this year even after prices hit record highs. However, high crude prices and Chinese coronavirus outbreaks have eaten into 2022 growth projections.
"Global oil market fundamentals continued their strong recovery to pre-COVID-19 levels for most of the first half of 2022, albeit signs of slowing growth in the world economy and oil demand have emerged," OPEC said in the report.
OPEC cut its 2022 global economic growth forecast to 3.1% from 3.5% and trimmed next year to 3.1%, saying that the prospect of further weakness remained.
"This is, however, still solid growth, when compared with pre-pandemic growth levels, which were only slightly higher on average and not burdened by current potentially impactful issues," OPEC said.
"Therefore, it is obvious that significant downside risk prevails."
Oil held on to an earlier gain after the report was released, finding support from the IEA's view on demand and trading above $98 a barrel.
OPEC and allies including Russia, known collectively as OPEC+, are ramping up oil output after record cuts put in place as the pandemic took hold in 2020.
In recent months OPEC+ has failed to fully achieve its planned production increases owing to underinvestment in oilfields by some OPEC members and by losses in Russian output.
The report showed OPEC output in July rose by 162,000 bpd to 28.84 million bpd. (Editing by Jane Merriman and Jason Neely) | https://www.dailymail.co.uk/wires/reuters/article-11102505/OPEC-unlike-IEA-sees-lower-2022-oil-demand-growth.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-11T13:20:03Z | https://www.dailymail.co.uk/wires/reuters/article-11102505/OPEC-unlike-IEA-sees-lower-2022-oil-demand-growth.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | true |
Emergency services are on the scene of an accident after a truck overturned on a roundabout on the N28. Fire crews from Carrigaline and Kinsale, an ambulance and Gardai are currently on the scene at the Shannon Park Roundabout to the north of Carrigaline.
A section of the road has been closed by Gardai as emergency services attend the scene. The large vehicle is lying on its side, blocking part of the footpath and one lane of the roundabout.
Paramedics have attended to the driver of the truck who is understood not to have been injured. There are no other reported injuries following the accident.
Traffic on the roundabout is down to one lane and it is understood there may be traffic disruptions as the vehicle is removed.
It is the second road accident in the area today, emergency services attended a two-car crash in Ballyfeard to the south of Carrigaline earlier today.
Following the collision, two people have been brought to Cork University Hospital. It is understood they are being treated for minor injuries.
Read More: | https://www.corkbeo.ie/news/local-news/truck-driver-injured-after-vehicle-24730230 | 2022-08-11T13:20:13Z | https://www.corkbeo.ie/news/local-news/truck-driver-injured-after-vehicle-24730230 | true |
You need to enable JavaScript to run this app. | https://sportspyder.com/nfl/buffalo-bills/articles/40362670 | 2022-08-11T13:21:32Z | https://sportspyder.com/nfl/buffalo-bills/articles/40362670 | true |
A city council in Alabama has voted to dissolve its three-member police department after the assistant chief sent a racist text message to other officers, according to the mayor, James Latimer.
At an emergency meeting of the Vincent City Council on August 4, members moved to suspend with pay Chief of Police James Srygley and Assistant Chief of Police John L. Gross. The third officer, Lee Cardin, resigned later that evening after the council voted to pursue fully dissolving the department.
It left the city's nearly 2,000 residents with no active police officers.
The next day, the Shelby County Sheriff's Office said it was "currently handling" all law enforcement emergency calls for Vincent, which is located about 35 miles east of Birmingham.
"The Shelby County Sheriff's Office was recently notified by the Vincent City Council and Mayor regarding the recent allegations of misconduct within the Vincent Police Department, and we equally condemn these actions," the release stated. "Sheriff (John) Samaniego stands with the City of Vincent in providing emergency law enforcement-related services for the citizens during this time."
Angry residents had called for the assistant police chief to be fired at a City Council meeting August 2 after the text message, which included a racist joke about slavery, surfaced on social media, CNN affiliate WBRC reported.
"To me, that was just a punch in the gut like going back to the 1930s and '40s, and I often forget that we're still not there," Lois Garrett, a local resident, told WBRC. "It hurt. I was hurt; I was embarrassed because I thought we were better than that."
CNN reached out to members of the city council and the Vincent police officers but has not heard back.
The council is set to discuss the matter at its upcoming meeting August 16.
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accounts, the history behind an article. | https://www.albanyherald.com/news/a-city-council-in-alabama-voted-to-dissolve-its-police-department-after-allegations-of-a/article_782c4f7a-cfee-5cbc-9fd3-466a5475dd7b.html | 2022-08-11T13:24:15Z | https://www.albanyherald.com/news/a-city-council-in-alabama-voted-to-dissolve-its-police-department-after-allegations-of-a/article_782c4f7a-cfee-5cbc-9fd3-466a5475dd7b.html | false |
Maine’s two U.S. senators are backing legislation that would expand the Katahdin Woods and Waters National Monument.
Independent U.S. Sen. Angus King has introduced a bill that could add nearly 43,000 acres south of the national monument, close to Millinocket.
The land would be acquired only from landowners who are willing to sell, King said in a release announcing the proposed legislation. And he said the measure would protect traditional hunting, fishing and snowmobile usage on any newly acquired land.
“The expansions the bill authorizes would allow for a smoother entry into the park, bring visitors closer to the heart of the Millinocket community and further expand the Katahdin region’s tourism economy,” King said. “It’s an important step to support the future of the Monument and Maine’s outdoor recreation heritage.”
The proposed boundary changes include land that was initially contemplated for the national monument but did not become part of the original acquisition, said Matt Polstein, owner of the New England Outdoor Center near Millnocket.
The outdoor center leads guided trips and wildlife tours near the national monument, and Polstein said the proposed expansion could make it easier for his guides to access the park. New access routes could also attract more visitors to the region, he added.
“It appears to open up a corridor that comes down closer to the towns of Millinocket and East Millinocket, that might then allow for an access route directly from these towns into the monument,” Polstein said.
The proposed legislation would also allow the National Park Service to acquire buildings outside the boundaries of the park for visitor services or staff offices.
“The visitor experience is only going to get better as the roads are better developed and maintained and signage is added and bathroom facilities are added,” Polstein said. “People need to remember this monument is really in its infancy. It’s actually developing at a pace that’s pleasantly fast compared to what we thought it might.”
The bill has support from Friends of Katahdin Woods and Waters, as well as the Katahdin Chamber of Commerce. U.S. Sen. Susan Collins is a co-sponsor.
King, who serves as chairman of the Senate’s national parks subcommittee, said he plans to lead a hearing on the legislation later this year.
Katahdin Woods and Waters became a national monument back in 2016. According to National Park Service data, nearly 40,000 people visited the site last year and spent about $2.8 million on food, transportation and other services in the region.
This article appears through a media partnership with Maine Public. | https://www.bangordailynews.com/2022/08/11/politics/maine-national-monument-expansion/ | 2022-08-11T13:25:23Z | https://www.bangordailynews.com/2022/08/11/politics/maine-national-monument-expansion/ | false |
Newly appointed leaders bring decades of expertise in scaling high-growth technology companies, promoting brand awareness and driving sales
AUSTIN, Texas, Aug. 11, 2022 /PRNewswire/ -- Kazoo + WorkTango, the only Employee Experience Platform that enables meaningful recognition and rewards, supports alignment through goal setting and feedback, and offers actionable insights through employee surveys, today announced the appointment of three key executive hires to support the rapidly growing business and lead the company in its next evolution of its growth journey.
Lindsey Fine joins as Senior Vice President of Sales, Merrily McGugan as Vice President of Brand & Communications, and David Sin as Vice President of Demand Generation & Growth. Fine, McGugan, and Sin bring decades of experience driving business strategy and growth, converting leads into sales, and creating a robust employee experience for some of the world's largest brands.
Fine has spent more than 15 years in the B2B SaaS space. Prior to joining Kazoo + WorkTango, she worked in both inside and outside sales, business development, and team development for companies including Salesforce, Meta, Dropbox, and Amazon. Lindsey will lead Kazoo + WorkTango's sales team to bring the combined platform to the market.
"My expertise lies in increasing sales and improving revenue performance while simultaneously building strong relationships with both internal and external stakeholders," said Fine. "Kazoo + WorkTango is the clear leader in employee experience technology that is making work better for both employees and their managers and people leaders. I'm looking forward to further growing Kazoo + WorkTango's customer base so more companies can engage and inspire top talent with our platform."
McGugan joins Kazoo + WorkTango from LogicMonitor, where she built the global brand and communications team from the ground up, led the communications strategy and execution for three corporate acquisitions, and co-led two brand refreshes. She has extensive experience working with high-growth companies and award-winning software platforms. In her new role, Merrily will focus on building out the joint Kazoo + WorkTango brand to create connections with prospects and customers.
"As a previous customer of Kazoo + WorkTango, I know firsthand the value an employee experience platform brings to companies and the impact it has on employee engagement at a time when we need it the most," said McGugan. "I've lived the company's vision to make work a place where all employees can thrive and grow, and I'm thrilled to be here to help the market understand that our platform truly makes (work) lives better."
Sin joins Kazoo + WorkTango from Orchatect, where he oversaw demand generation and operations. Previously, Sin spent over 2 decades strategizing and executing integrated marketing and demand generation plans for mid-size and enterprise organizations, including 13 years at Dell. As Vice President of Demand Generation & Growth at Kazoo + WorkTango, David will be responsible for driving growth using his analytical and results-oriented mindset to develop and cultivate long-term customer relationships.
"With our fast-growing team and enhancements to the platform on the horizon, Kazoo + WorkTango continues to solve some of the most pressing challenges facing HR teams and business leaders by providing technology that positively impacts employees everywhere," said Sin. "I'm excited to join the team and help take this company to the next level."
Fine, McGugan, and Sin's appointments demonstrate the company's rapid growth since the two platforms joined forces in April. Kazoo + WorkTango is committed to delivering a reinvigorated platform on their mission to help customers put their people first, and these new leaders will help deliver on that promise.
To learn more about Kazoo + WorkTango, please visit: www.kazoohr.com.
Kazoo + WorkTango revolutionizes how the world's most forward-thinking companies engage and inspire their people. Kazoo + WorkTango offers the only Employee Experience Platform that enables meaningful recognition and rewards, supports alignment through goal setting and feedback, and offers actionable insights through employee surveys. Kazoo + WorkTango is built for the workplace we all want to be a part of – where priorities become clear, achievements are celebrated, and employees have a voice. Learn more at kazoohr.com.
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SOURCE WorkTango | https://www.1011now.com/prnewswire/2022/08/11/kazoo-worktango-hire-former-amazon-dell-logicmonitor-leaders-support-expansion-accelerated-growth/ | 2022-08-11T13:27:01Z | https://www.1011now.com/prnewswire/2022/08/11/kazoo-worktango-hire-former-amazon-dell-logicmonitor-leaders-support-expansion-accelerated-growth/ | true |
BALLERUP, Denmark, Aug. 11, 2022 /PRNewswire/ -- LiqTech International, Inc. (NASDAQ: LIQT) ("LiqTech"), a clean technology company that manufactures and markets highly specialized filtration technologies, today announced its financial results for the second quarter of 2022.
Q2 2022 Highlights
- Q2 2022 revenue of $5.0 million, an increase of 25% from Q2 2021.
- Gross margin of 3.0%, compared to 8.0% in Q2 2021.
- Net loss of $(6.5) million that included $3.8 million of non-recurring costs.
- Strong ending cash balance of $19.7 million.
- Raised $26.5 million in a public offering and placed $6 million of senior notes.
- Repaid $15 million convertible note due in 2023.
- Implemented aggressive cost reduction program to preserve capital.
- Commissioned first water filtration system for the Middle East oil & gas market.
- Commissioned first acid filtration system for the U.S. market.
Highlights Subsequent to Q2 2022
- Appointed Fei Chen as President and Chief Executive Officer.
- Received new marine scrubber orders in July 2022 for delivery by year-end 2022.
- Received first order for marine black carbon reduction in China.
Management Commentary
Alex Buehler, Interim CEO, stated, "Over the past quarter, we focused on organizational, financial, operational, and commercial imperatives to stabilize the business and position it for growth. Notable achievements included a successful CEO transition, organizational realignment, restructuring and cost reduction, capital expenditure rationalization, equity raise, debt refinancing, and targeted commercial and operational initiatives."
"We delivered and commissioned our first, commercial-scale oil & gas system in the Middle East through Baker Hughes and commissioned our first acid filtration system for the U.S. market. Additionally, we received new orders for the marine scrubber market and our first order for the marine black carbon reduction market in China. Each of these markets represents significant growth opportunities for LiqTech."
"Furthermore, we implemented measures to significantly reduce our fixed cost structure and to stabilize our manufacturing operations. We also worked diligently to enhance pricing discipline, optimize our product mix, and improve operational efficiencies to return the business to profitability. I am extremely proud of the way the team has come together during this transitional period to position LiqTech for future success. With Ms. Fei Chen set to take over as CEO later this year, I believe that the foundation is in place for her to elevate LiqTech to the next level."
"While the Company remains increasingly optimistic about its prospects for 2022 and beyond, we must also cautiously acknowledge the reality of the current business environment, where geopolitical tensions, supply chain disruption, market volatility, and economic uncertainty create delays in client decision-making and extend lead times for critical raw materials. Considering such elevated uncertainty, along with the currency headwinds arising from the appreciation of the U.S. Dollar against the Euro, the Company believes it is appropriate to revise the full-year guidance for 2022 to a range of $20 to $25 million, with the third quarter anticipated to closely approximate the second quarter in revenue. Despite the downward revision, the Company remains confident with respect to its long-term growth trajectory and commercial success."
Q2 2022 Financial Results
Revenue for the second quarter of 2022 was $5.0 million compared to $4.0 million in the second quarter of 2021, representing an increase of 25%. Revenue for the second quarter reflected an increase in sales of liquid filters and water treatment systems, offset by unfavorable currency impacts caused by a stronger U.S. Dollar. Sales of DPF filters and plastics components were comparable to the same period in 2021, reflecting stable activity despite volatile market conditions from continued disruption in global supply chains and more recently, geopolitical unrest and macroeconomic uncertainty.
Gross profit for the second quarter of 2022 was $0.1 million, reflecting a gross profit margin of 3.0%, compared to $0.3 million, or a gross profit margin of 8.0%, for the same period in 2021. The decrease in gross profit margin was caused by reduced profitability in our Ceramics business driven by unfavorable mix from lower sales of higher-margin ceramic membranes, lost productivity from manufacturing quality issues, and the negative impacts from rising input cost inflation. Gross profit for the quarter was also impacted by decreased commissioning activities for systems and the delivery of a significant system order at a comparatively lower margin, the full margin for which should be achieved through subsequent leasing and commissioning revenue.
Total operating expense for the second quarter of 2022 was $4.7 million compared to $2.9 million in the second quarter of 2021. The increase was almost entirely attributable to restructuring costs of $1.8 million and non-recurring costs related to the CEO and CFO transitions recognized during the current quarter.
Other Income (Expense) in the second quarter of 2022 was $(1.9) million compared to $(0.5) million in the second quarter of 2021. This unfavorable change resulted mainly from the repayment of the Convertible Note issued in April 2021, with $1.9 million of amortization discount and $0.2 million of interest expense. Other Income (Expense) was positively affected by the receipt of COVID-19 grants and the gain related to the closing of the China manufacturing plant, offset by a loss on currency transactions due to a less favorable DKK/USD exchange rate during the period.
The Net Loss in the second quarter of 2022 was $(6.5) million compared to $(3.1) million in the second quarter of 2021 due to non-recurring restructuring costs of $(1.8) million and other expenses related to the repayment of the Convertible Note of $(1.9) million.
Cash on hand (including restricted cash) on June 30, 2022, was $19.7 million compared to $17.5 million on December 31, 2021. To shore up the balance sheet and position the business for future growth, the Company successfully completed a $26.5 million public offering of common stock and pre-funded warrants in May 2022. A portion of these proceeds, along with the issuance of $6 million of new Senior Promissory Notes due in June 2024, allowed the Company to refinance its $15 million Convertible Note that was due in 2023.
Leadership Transition
On July 29, 2022, the Company announced the appointment of Ms. Fei Chen as President and Chief Executive Officer, with a start date on or before November 1, 2022. Effective as of her start date, Ms. Chen will also be appointed a member of the Company's Board of Directors. Alexander J. Buehler, a member of LiqTech's Board and currently serving as Interim CEO since March 2022, will resign as Interim CEO when Ms. Chen starts her employment, but he will continue to serve as a member of the Board of Directors.
Commercial Update
Marine Black Carbon Reduction. The Company recently received its first order for its proprietary silicon carbide ceramic filters designed to address a new and growing market for emissions reduction of black carbon in China. The order was received in collaboration with our Chinese-based marine partner with delivery expected before year-end 2022. The Company will fulfill the order from its existing facilities in Denmark following the termination of the lease agreement associated with the Company's China manufacturing facility. The Company remains in detailed discussions with its partners in China regarding new orders for marine scrubber and black carbon reduction applications, and the Company continues to believe that the marine black carbon reduction market represents a significant growth opportunity.
Marine Scrubbers. In June 2022, the Company received a new order for the marine scrubber market, leveraging the Company's proprietary water filtration system technology. The order, which covers two separate marine vessels, is expected to be delivered before the end of 2022. Additionally, the Company received another marine scrubber order in July, with these systems also expected to ship to China in the current year. These new orders represent proof of life in a strategic market after a prolonged malaise. Importantly, the Company continues to observe a notable increase in quotation activity for marine scrubber systems, which it believes is reflective of a recovering market.
Oil & Gas. The Company successfully delivered and commissioned its first order from Baker Hughes for a strategic oil & gas customer in the Middle East through its local partner. As previously announced, under the terms of the contract, the customer will lease LiqTech's water filtration systems for a fixed monthly rental fee. LiqTech will recognize a portion of the profits over the rental term, as well as revenue and profit from the upfront system sale, the latter of which was recorded in the second quarter of 2022. This is a significant milestone for the Company—opening new applications in an attractive end market—and we are in active discussions with this customer and others for new opportunities to leverage our differentiated technology and compelling value proposition in the oil & gas market.
Acid Filtration. In the second quarter of 2022, the Company commissioned its first system for the acid filtration market in the U.S. This $2.2 million system was originally recognized as revenue in the fourth quarter of 2021. Additionally, the Company received a meaningful spare parts order in August to support this system. The Company is currently in active discussions with the customer regarding a second system deployment at another site and is also working to generate additional opportunities for this customer at other sites and for new customers.
Balance Sheet Improvement, Cost Reduction, and Capital Rationalization
In May 2022, the Company raised $26.5 million through a public offering of common stock and pre-funded warrants. In June 2022, the Company also completed a private placement of senior notes in an aggregate principal amount of $6 million and warrants to purchase shares of LiqTech common stock. Proceeds from the note and equity raise were used to repay the outstanding balance of $13.5 million under the Company's convertible note due in 2023. Following the repayment, the Company had approximately $19.7 million in cash on June 30, 2022, with $6 million in debt. The senior notes have a term of 24 months and will not bear interest during the two-year period.
As previously noted, the Company implemented an aggressive plan to reduce costs and preserve capital, while maintaining its ability to effectively service its customers and pursue growth opportunities. The Company has successfully reduced its headcount and labor costs by nearly 25%, excluding non-cash compensation. Additionally, the Company has reduced and suspended planned capital investments, including the Company's program to build a manufacturing and service center in China to address the black carbon and NOx reduction markets.
Mr. Buehler commented, "We have made notable progress over the last several months with respect to our organizational, financial, operational, and commercial priorities, and today we have a much stronger business, approaching breakeven profitability with a fresh balance sheet. As we address large end markets with differentiated technologies and a strong value proposition, we are poised for meaningful growth, and we look forward to our new CEO, Ms. Fei Chen, leading the Company through its next chapters."
Conference Call Details
Date and Time: Thursday, August 11, 2022, at 9:00 a.m. ET
Call-in Information: Interested parties can access the conference call by dialing (833) 535-2206 or (412) 902-6741.
Webcast: Interested parties can access the conference call via a live webcast, which is available in the Investor Relations section of the Company's website at https://www.liqtech.com/investor-relations/ or at https://app.webinar.net/zp5L8wqxbkM.
Replay: A teleconference replay of the call will be available until August 18, 2022, at (877) 344-7529 or (412) 317-0088, confirmation #2393616.
About LiqTech International Inc.
LiqTech International, Inc., a Nevada corporation, is a clean technology company that provides state-of-the-art ceramic silicon carbide filtration technologies for gas and liquid purification. LiqTech's silicon carbide membranes are designed to be used in the most challenging water purification applications, and its silicon carbide filters are used to control diesel exhaust soot emissions. Applying nanotechnology, LiqTech develops products using its proprietary silicon carbide technology, resulting in a wide range of component membranes, membrane systems, and filters for both microfiltration and ultrafiltration applications. By incorporating LiqTech's SiC liquid membrane technology with the Company´s extensive systems design experience and capabilities, LiqTech offers unique, turnkey solutions for the most difficult water purification applications.
For more information, please visit www.liqtech.com
Follow LiqTech on Linkedln: http://www.linkedin.com/company/liqtech-international
Follow LiqTech on Twitter: https://twitter.com/LiqTech
Forward–Looking Statement
This press release contains "forward-looking statements." Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by us in the reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation, and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release.
We assume no obligation to update any forward-looking statements to reflect any event or circumstance that may arise after the date of this release.
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SOURCE LiqTech International, Inc. | https://www.wbrc.com/prnewswire/2022/08/11/liqtech-international-announces-second-quarter-2022-financial-results/ | 2022-08-11T13:29:42Z | https://www.wbrc.com/prnewswire/2022/08/11/liqtech-international-announces-second-quarter-2022-financial-results/ | true |
NEW YORK, Aug. 11, 2022 /PRNewswire/ -- One Rock Capital Partners, LLC ("One Rock"), a value-oriented, operationally focused private equity firm, is pleased to announce the addition of Diana Barr to its team of Operating Partners. Working alongside One Rock Operating Partners Mike Anderson and AJ Skobel, Ms. Barr will be responsible for driving post-acquisition value at One Rock's portfolio companies primarily through recruiting and proactive executive network development.
Ms. Barr has more than 30 years of experience in talent acquisition, leadership development and strategy, as well as executive recruiting. Prior to joining One Rock, Ms. Barr led Boeing's global executive staffing and created the company's in-house executive recruiting function. In that capacity, she served as a close advisor to the Executive Council and Senior Leadership on matters related to talent strategy, diversity, selection, assessment, and succession planning. Prior to that, she held a comparable role with W.W. Grainger, focused on global executive staffing, employment branding and social media. Earlier in her career, Ms. Barr was a Search Consultant for several executive search firms, including firms focused on the private equity space. Ms. Barr began her career as an HR Generalist with Marriott International.
"One Rock continues to prioritize building out a strong bench of talent across our portfolio companies to support ongoing strategic and operational needs," said Tony W. Lee, Managing Partner of One Rock. "We believe Diana's extensive background in human resources and talent acquisition, coupled with her vast professional network, will be invaluable and resourceful to our portfolio companies as One Rock implements the companies' growth plans and expands its executive development efforts."
"People strategy is what sets organizations apart from peers in the industry," said Ms. Barr. "I look forward to leveraging my network and experience in executive recruitment and business strategy to assist One Rock's portfolio companies' efforts to build and optimize strong pipelines of talent that align with overall growth strategies."
Working alongside Operating Partners has been a key part of One Rock's strategy since inception. Ms. Barr joins a growing team of Operating Partners at One Rock.
One Rock makes controlling investments in companies with potential for growth and operational improvement using a rigorous approach that utilizes highly experienced Operating Partners to identify, acquire and enhance businesses in select industries. The involvement of these Operating Partners affords One Rock the ability to conduct due diligence and consummate acquisitions and investments in all types of situations, regardless of complexity. One Rock works collaboratively with company management and its Operating Partners to develop a comprehensive business plan focused on growing the enterprise and its profitability to enhance long-term value. For more information, visit www.onerockcapital.com.
MEDIA CONTACT
Hallie Erlich
Prosek Partners
pro-onerock@prosek.com
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SOURCE One Rock Capital Partners, LLC | https://www.wbrc.com/prnewswire/2022/08/11/one-rock-capital-partners-expands-operating-partner-team-with-addition-diana-barr/ | 2022-08-11T13:31:15Z | https://www.wbrc.com/prnewswire/2022/08/11/one-rock-capital-partners-expands-operating-partner-team-with-addition-diana-barr/ | false |
Brazil's central bank says Q1 2024 inflation forecast in line with strategy
BRASILIA, Aug 9 (Reuters) - Brazil's central bank said on Tuesday its inflation forecast for the 12 months to March 2024 is in line with its policy strategy, indicating more strongly that its aggressive monetary policy cycle may have come to an end.
In the minutes from its last policy meeting, policymakers said the 3.5% projection "is consistent with the strategy of inflation convergence to around the target over the relevant horizon."
The central bank began emphasizing its 12-month inflation forecast through March 2024 in its policy statement last week, while acknowledging that its inflation projection for next year had worsened.
The official inflation target is 3.25% in 2023 and 3% in 2024, with current central bank estimates at 4.6% and 2.7%, respectively.
"The Committee decided to emphasize the projections for 12-month inflation in the first quarter of 2024, which reflects the relevant horizon, smoothens out the primary effects from tax changes, but incorporates their second-round effects on the relevant inflation projections for monetary policy decisions," the minutes said.
After 12 interest rate hikes that put the central bank's key policy rate at 13.75%, sharply higher than the record low of 2% in March 2021, the rate-setting committee known as Copom had left the door open for a smaller "residual" rate hike in September, dropping the firm guidance used in prior meetings when further hikes were clearly penciled in.
Policymakers emphasized that they would attempt to bring inflation down to around their target while holding rates at the same level for a longer period, the minutes showed.
"Given the persistence of recent shocks, the Committee will remain vigilant and will assess whether the prospect of maintaining the Selic (base) rate by itself for a sufficiently long period will ensure such a convergence." (Reporting by Marcela Ayres; Editing by Susan Fenton and Paul Simao) | https://www.dailymail.co.uk/wires/reuters/article-11095353/Brazils-central-bank-says-Q1-2024-inflation-forecast-line-strategy.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | 2022-08-11T13:31:34Z | https://www.dailymail.co.uk/wires/reuters/article-11095353/Brazils-central-bank-says-Q1-2024-inflation-forecast-line-strategy.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 | false |
Northern Ireland summer nights lit up by night-shining clouds
By Geoff Maskell
BBC News NI Weather Presenter
- Published
Gazing at the night sky during a clear summer night can be one of life's joys, not least here in Northern Ireland where we can spot night-shining clouds that appear luminous in the dark.
These clouds - known as noctilucent - are wispy and ghost-like formations that exist in the upper atmosphere at the edge of space.
They are thought to be made up of ice crystals that form on fine dust particles from meteors.
From the ground, the ethereal cloud formations can only be seen during astronomical twilight.
That's the point in the night when most of the sky has grown dark, but the rays from the sun can still reach these clouds up in the mesosphere some 50 miles above the surface of the Earth.
To see them for yourself you need to look west on a clear night, about 30 minutes after sunset.
Sunset in Belfast tonight is at 21:05 BST.
Alternatively, if you're up early enough you can sometimes see them in the morning in the pre-dawn light.
But you don't have long - peak season for seeing noctilucent clouds is through June and July when conditions in the upper atmosphere are at their coldest.
It's quite unusual to get a sighting this far into August.
- 12 May 2020 | https://www.bbc.co.uk/news/uk-northern-ireland-62506989 | 2022-08-11T13:33:45Z | https://www.bbc.co.uk/news/uk-northern-ireland-62506989 | false |
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Abstract 10
I brought the orb out of retirement for abstract August. I will admit that I missed it.
10th August 2022
10th Aug 22
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Pam
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@pamalama
I live in a small town in upstate New York with my husband, and dog Bear.
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abstractaug2022
Susan Wakely
ace
This is a very nice colourful effect.
August 11th, 2022
Beryl Lloyd
ace
Such a bright and beautiful effect ! - love it ! fav
August 11th, 2022
Mags
ace
Oh! Lovely color!
August 11th, 2022
Eugene Frenkel
Wow this is magical!
August 11th, 2022
Diana
ace
A magical abstract and wonderful swirls.
August 11th, 2022
Dione Giorgio
Fav. Stunning shot and processing. The vibrant colours are so gorgeous.
August 11th, 2022
Taffy
ace
Wonderful composition, color use
August 11th, 2022
Peter Dulis
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wow
August 11th, 2022
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close | https://365project.org/pamalama/365/2022-08-10 | 2022-08-11T13:34:16Z | https://365project.org/pamalama/365/2022-08-10 | false |
KIAWAH ISLAND, S.C. (AP) — President Joe Biden arrived in South Carolina on Wednesday to begin what is expected to be at least a seven-day vacation with members of his family.
The first couple was planning to be in Kiawah Island, noted for its private beach and golf resort, through Tuesday, according to Federal Aviation Administration advisories.
The White House did not respond to requests to provide details on Biden’s vacation schedule, activities or when he planned to return to Washington. The president will stay at a friend’s home on the island that the family has used for previous visits, according to a White House official.
Biden, accompanied by first lady Jill Biden, departed the White House by motorcade to Joint Base Andrews outside the capital, where Air Force One was on hand to take them to Joint Base Charleston. Biden was dropped off at a private home in a gated community alongside a golf course on the island.
Biden was joined on Air Force One by his son, Hunter Biden, daughter-in-law Melissa Cohen and grandson Beau.
While Biden is in South Carolina, the House is set to vote to approve a bill full of Biden’s priorities, including the most substantial investment in history to fight climate change, some $369 billion over the decade.The measure would cap prescription drug costs at $2,000 out-of-pocket for Medicare recipients and help an estimated 13 million Americans pay for health care insurance by extending subsidies provided during the coronavirus pandemic.
The White House demurred on when Biden plans to sign the bill, saying it was focused on helping ensure the House approved the measure.
Biden’s 2021 vacation plans were scrambled by Washington’s legislative calendar, a COVID-19 case surge, and the chaotic withdrawal of U.S. forces from Afghanistan.
Summer vacations are a presidential tradition. George W. Bush often spent August clearing brush in the 100-degree heat that baked his central Texas ranch. Barack Obama worked on his golf game on the Massachusetts island of Martha’s Vineyard. Donald Trump spent time at his home on his private golf club in central New Jersey.
The White House in the past has emphasized that the president is never truly free from the job’s responsibilities — and that he’ll continue to consult with aides and take his daily national security briefing regardless of his location.
And at times, presidents have had to make legacy-defining decisions while on vacation, including Bush’s response to Hurricane Katrina flooding New Orleans in 2005. Bill Clinton ordered airstrikes against al-Qaida terrorists from Martha’s Vineyard in response to the bombings of U.S. embassies in Kenya and Tanzania. And Bush’s father, President George H.W. Bush, planned the U.S. response to Saddam Hussein’s invasion of Kuwait in 1990 from his family’s oceanfront compound in Kennebunkport, Maine. | https://www.yourcentralvalley.com/news/politics/biden-begins-summer-vacation-with-family-in-south-carolina/ | 2022-08-11T13:34:37Z | https://www.yourcentralvalley.com/news/politics/biden-begins-summer-vacation-with-family-in-south-carolina/ | false |
Another USMNT player is headed to Middlesbrough.
After goalkeeper Zack Steffen went to the club on loan from Manchester City earlier in the transfer window, striker Matthew Hoppe is also joining, the team announced on Wednesday:
The deal is for four years and the transfer fee was $3.3 million, according to Transfermarkt.
The 21-year-old forward came up through the LA Galaxy youth academy before making his senior debut with Bundesliga club Schalke 04 in 2019-20. He scored six goals in 23 appearances, with one being a hat-trick, making him the first USMNT player to do so in Germany’s top flight.
Just a year into his stint with Schalke, however, Hoppe moved to La Liga’s RCD Mallorca, but his fortunes didn’t blossom there. He made just five league appearances without finding the back of the net.
On the international front, Hoppe has six caps with the USMNT senior team, all coming in 2021 and beyond. He made five appearances in the 2021 CONCACAF Gold Cup tournament that the U.S. won, logging one goal and one assist. His other cap came in a World Cup qualifying match as a substitute against Costa Rica.
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The 6-foot-3 striker hopes to be in fine form as the USMNT still doesn’t have a clear-cut option at the No. 9 position with Qatar just a few months away. | https://www.nbcdfw.com/news/sports/usmnt-striker-matthew-hoppe-joins-english-championships-middlesbrough/3045516/ | 2022-08-11T13:35:16Z | https://www.nbcdfw.com/news/sports/usmnt-striker-matthew-hoppe-joins-english-championships-middlesbrough/3045516/ | true |
POXINDEJE, Mexico (AP) — A painter in orange overalls touches up the image of a hand holding a rifle while an artist perched on scaffolding painstakingly places bits of colorful ceramic in a mosaic of a guerrilla fighter.
The artists aren’t just decorating a wall: Together, they are helping to revive muralism, a movement that put Mexico at the vanguard of art a century ago.
Just as their famous predecessors did shortly after the Mexican Revolution, teachers and students of the Siqueiros School of Muralism are on a mission to keep alive the practice of using visual imagery to share messages of social and political importance.
The mural in progress is on three walls of a municipal building in San Salvador, a small town of about 29,000 people north of Mexico City in Hidalgo state. The Siqueiros School is based in a converted elementary school in the nearby hamlet of Poxindeje, and one of its co-founders is Jesús Rodríguez Arévalo, a pupil of disciples of Mexico’s three muralism masters: Diego Rivera, David Alfaro Siqueiros and José Clemente Orozco.
“The school is small, a humble space, but it is very serious and it is professional,” Rodríguez said.
One hundred years ago, Rivera, Siqueiros and Orozco also started out at a colonial-era school-turned art laboratory. It was 1922, and they were charged with fulfilling the then-Mexican education minister’s mission to take art out of the galleries and into public spaces. The plan, part of a national literacy campaign sponsored by the national government, transformed Mexico and permeated the entire continent.
The artists’ manifesto was to make “ideological propaganda for the good of the people” and give art “a purpose of beauty, of education and combat for all.”
They identified with the agrarian and proletarian revolutions and mingled with European artists who fled to Mexico from both world wars. Sponsored by the government, they had access to the country’s most majestic buildings and the necessary resources to experiment with new techniques. Eventually, they began to paint in other nations: Argentina, Chile, Cuba and the United States among them.
Despite the backing of Mexican political leaders, their work turned out to be too provocative in some places outside the country: A mural Rivera painted in New York’s Rockefeller Center was censured and then demolished because it glorified communism.
“We are a bit more cowardly,” said Ernesto Ríos Rocha, 53, a muralist who is currently trying to found Mexico’s first muralism university in the Pacific coast state of Sinaloa. “We talk more about peace.”
The murals being created in San Salvador and other small towns today still have much in common with those created in the early 20th century, however: They encapsulate themes of war, injustice, and oppression — as well as 21st century issues such as climate change and violence against women.
But Rodríguez and his students don’t anticipate monumental reverberations from their work. Their aspirations are lower and their income more modest, coming mostly from local governments that commission them to paint murals and support from community members who donate meals and house foreign students.
The Poxindeje school bets on recycling and reusing discarded materials donated by glassmakers or flooring manufacturers, said Janet Calderón, who co-founded the Siqueiros School with Rodríguez five years ago. They’re even making murals from garbage.
Luz Asturizaga, a 36-year-old sculptor from Bolivia, has enjoyed every moment of her stay in the iconic home of muralism. She wasn’t able to learn much about the art form in her own country, where she said professional artists’ circles are very closed. In Mexico, “they give you opportunity, they teach you,” she said.
Few students have completed training at the school — about 40 since it opened five years ago — but all leave with clear ideas instilled by their instructors: “Go to the communities, teach, carry out a comprehensive work of historic themes, of social content, of criticism of everything that oppresses man,” Rodríguez said.
The first step for the artists is to decide what elements they want to include, what metaphors to lay out. Then they build a sort of collage of portraits and photographs of historical figures whom they want to immortalize.
Composition and perspective are key. Dressed in paint-splotched jeans, his black hair tied back in a ponytail, the 54-year-old Rodríguez closes one eye in front of the mural in progress in San Salvador, and with the other glances through a transparent sheet of paper containing sketches of figures intended for the wall. The goal is to calculate the right scale, taking into account from where and what distance people will be viewing the work.
“You have to know local history and then begin with the sketches,” said Luis Manuel Vélez, 52, a worker for Mexico’s national oil company who spends his weekends painting murals.
Sometimes models for the work come from the neighborhood. A 6-year-old girl passing by the mural in San Salvador pointed and smiled before exclaiming: “That’s me and my grandpa.”
Purists have long lamented that starting in the late 20th century, muralism was replaced by urban art or short-lived graffiti.
Ríos Rocha agrees, but is still optimistic.
“Muralism is in intensive care, but it is not going to die,” he said.
Historian David Martínez Bourget is a researcher at the 88-year-old Bellas Artes Museum, a palatial art nouveau performing arts center in Mexico City whose interior walls are graced with famous murals by Rivera, Siqueiros and Orozco.
Martínez Bourget said the art movement that the fathers of muralism began in the 20th century is over, but its spirit remains — not just in Poxindeje and San Salvador — but also in marginalized Chicano communities in the western United States and in Zapatista villages in southern Mexico. In both places, public art displays capture the communities’ history and rebellion, he noted.
As long as people are fighting for social justice, this kind of artistic expression will exist, Martínez Bourget says, because in difficult moments “art is politicized.” | https://www.yourcentralvalley.com/news/reviving-mexicos-groundbreaking-muralism-a-century-later/ | 2022-08-11T13:35:41Z | https://www.yourcentralvalley.com/news/reviving-mexicos-groundbreaking-muralism-a-century-later/ | false |
Crestline enters insurance market through strategic acquisition
FORT WORTH, Texas, Aug. 11, 2022 /PRNewswire/ -- Crestline Investors, Inc. ("Crestline") a credit focused institutional asset manager, today announced its entrance into the direct annuity insurance market with the acquisition of a life insurance company established in 1978 and licensed in multiple states, which will now operate as CL Life and Annuity Insurance Company ("CL Life"), a provider of insurance products designed for retirement assets that seeks to offer policyholders stable growth, tax deferral and income planning.
"Through this strategic acquisition, we are excited to be partnering with an established insurance and annuity team with deep industry expertise and a strong background in delivering high-quality, competitive products for policyholders," said Doug Bratton, Founding Partner, CEO and Co-CIO of Crestline. "Rick Hodgdon, President and Head of Insurance Business at CL Life is an industry-veteran with over four decades of experience successfully building and scaling profitable insurance and reinsurance businesses. We look forward to working with Rick and his experienced team on seeking to deliver annuity products that meet the financial goals of our clients and offer strong returns for policyholders."
"It's a pleasure to be a part of the Crestline family during an exciting period in the firm's history," said Rick Hodgdon. "Crestline's disciplined and strategic support will enable CL Life to effectively capitalize on our growth strategy and offer policy holders competitive annuity products with a disciplined investment program to ultimately help them reach their financial goals."
CL Life will provide insurance products to independent agents through tax-deferred fixed annuities, which offer lifetime income options and penalty-free withdrawals. The CL Sundance Annuity is a single premium deferred annuity with the choice of a 2-, 3-, 5- or 7-year interest rate guarantee period. The CL Sundance Annuity is designed to align with the specific needs of its policyholder's financial plans.
About CL Life and Annuity Insurance Company
Headquartered in Fort Worth, Texas, CL Life and Annuity Insurance Company seeks to provide insurance products specially designed for retirement assets that offer stable growth, tax deferral, and income planning. Its mission is to provide competitive products that meet the financial goals of policy holders, investing in assets for the purpose of growing policy holder premiums aimed at generating strong returns with the flexibility to secure their future. CL Life is an affiliate of Crestline Investors, Inc., an institutional investment management firm with approximately $15.4 billion in assets under management. For more information visit www.cllife.com.
About Crestline Investors, Inc.
Crestline Investors, Inc., founded in 1997 and based in Fort Worth, Texas, is an institutional alternative investment management firm with approximately $15.4 billion in assets under management. Crestline specializes in credit and opportunistic investments, including providing flexible capital solutions to middle market companies, asset backed investing and financing and restructuring solutions for mature private equity funds. In addition, the firm manages a multi-PM equity market-neutral hedge fund and provides beta and hedging solutions for institutional clients. Headquartered in Fort Worth, Texas, the company maintains affiliate offices in New York, London, Toronto and Tokyo. For more information, please visit www.crestlineinvestors.com.
This financial promotion is issued by Crestline Management, LP and Crestline Europe, LLP (together "Crestline"). Crestline Europe, LLP is authorised and regulated by the Financial Conduct Authority (FCA).
Media Contacts
Prosek Partners
Ben Howard
Bhoward@prosek.com
(914) 552-4281
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SOURCE Crestline Investors, Inc. | https://www.wafb.com/prnewswire/2022/08/11/crestline-announces-launch-cl-life-annuity-insurance-company/ | 2022-08-11T13:35:57Z | https://www.wafb.com/prnewswire/2022/08/11/crestline-announces-launch-cl-life-annuity-insurance-company/ | true |
Board Appointment Follows $38 US Million Funding Round Led by Navis
RESEARCH TRIANGLE PARK, N.C., Aug. 11, 2022 /PRNewswire/ -- Eton Solutions, developer of the cloud-based AtlasFive® technology platform for the family office of the future, today announced the appointment of Rajendra Pai, partner at Navis Capital Partners, to its board of directors. Navis, an Asian-based private equity firm, recently led a $38 million Series C funding round in Eton solutions.
Pai has extensive investment and portfolio management experience, both in Asia and the US, across industry sectors such as technology, food, consumer, infrastructure, financial services, logistics, and healthcare. Before joining Navis, Pai served as CEO & Managing Director of New Hope Investment Holding, setting up the group's Asia investment office. Previously he was Head of Strategic Investments for ITOCHU Corporation, where he was tasked with developing and deploying the company's investment strategy in Southeast Asia, West Asia, and cross-border China.
Eton Solutions, a leading software and services company dedicated to solving the complex challenges of family offices and managing the wealth of ultra-high-net-worth families, recently established an international office in Singapore, the fast-growing epicenter of the family office industry in Asia. Over 400 family offices, large and small, have been established in Singapore in the past five years. Eton Solutions plans to expand its global presence by leveraging the market momentum in Singapore and continue to build upon its current roster of international clients.
"Rajendra's deep knowledge of global markets, particularly Asia, and his expertise in nurturing high-growth businesses will be invaluable to Eton as we continue to enhance the AtlasFive® platform while expanding our business globally to meet the needs of single and multi-family offices, their clients, and institutions where the AtlasFive platform can be used as a white-labeled engine to drive their growth," said Satyen Patel, Executive Chairman of Eton Solutions. "We're thrilled to have Rajendra on our board."
Eton Solutions plans to leverage Navis's international experience to further develop the AtlasFive® platform for its international clients. Previously this year, Eton Solutions launched its next-generation Client Portal and Mobile Application, giving family members unparalleled insight into their true net worth and financial activities in near real-time. Eton Solutions has also launched a standard "out-of-the-box" configuration of AtlasFive®, which boasts impressive functionality and a seamless 90-day implementation time from the signing of the contract to business as usual. Eton Solutions started rolling this out to clients earlier this year.
An ERP system for family offices, AtlasFive®, was purpose-built to deliver unmatched process efficiency, data accuracy, and risk reduction for ultra-high-net-worth family wealth management. It is the only truly integrated, all-in-one technology platform that seamlessly connects all data, services, and stakeholders within single and multi-family offices, eliminating the need for disconnected point solutions, repetitive data entry, and spreadsheets to reconcile, consolidate, and aggregate data. Family office clients now have easy, secure, and privacy-protected mobile access, visibility, and approvals of family office activities and information, including day-to-day net worth information via the AtlasFive® client portal and mobile app.
Eton Solutions is a software and services company founded to handle the complexities of servicing ultra-high-net-worth families. Created by family office leaders, Eton Solutions' flagship product is AtlasFive®, an integrated platform with over $425 billion in assets under administration that holistically aggregates and manages all your office's data, reporting, and workflow processes. With one source of truth, Eton Solutions leads family offices into the future by maximizing efficiency and minimizing errors and risk. To learn more about Eton Solutions and to request a demo of AtlasFive®, please visit https://eton-solutions.com/.
Media Contact:
Kevin Sugarman
ksugarman@globalfluency.com
408-677-5300 x 118
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SOURCE Eton Solutions | https://www.kalb.com/prnewswire/2022/08/11/eton-solutions-names-rajendra-pai-navis-capital-partners-its-board-directors/ | 2022-08-11T13:36:24Z | https://www.kalb.com/prnewswire/2022/08/11/eton-solutions-names-rajendra-pai-navis-capital-partners-its-board-directors/ | false |
EVANSVILLE, Ind. (AP) — Three people were killed Wednesday when a house exploded in the southern Indiana city of Evansville, authorities said.
David Anson, chief deputy coroner for Vanderburgh County, told The Associated Press that the identities of the people who died would not be released until the next of kin has been notified.
Evansville Police Department spokeswoman Sgt. Anna Gray said at least one other injury was reported and that victim was taken to a local hospital for treatment.
Evansville Fire Department Chief Mike Connelly said a total of 39 houses were damaged by the explosion at around 1 p.m. He said the department has not confirmed how many of the houses were occupied when the explosion happened because “some were too unstable to enter.”
At least 11 of the 39 homes damaged are “uninhabitable,” Connelly told the Evansville Courier & Press.
The cause of the explosion has not been determined, but the Bureau of Alcohol, Tobacco, Firearms and Explosives was investigating. A phone message seeking comment was left at the Evansville field office of the ATF.
“Debris is strewn over a 100-foot (30-meter) radius,” including “typical construction materials” such as wooden boards, window glass and insulation, Connelly said.
Aerial video posted on social media shows damage in a residential neighborhood with police and fire vehicles on the scene in Evansville, on the Kentucky border.
CenterPoint Energy, the local gas utility, was last called to the home in January 2018, Connelly said. CenterPoint issued a statement saying it “worked with first responders to secure the area.”
“CenterPoint Energy is working closely with the Evansville Fire Department, State Fire Marshal and other agencies as the investigation of this incident continues,” the utility said.
Jacki Baumgart, an office manager at Award World Trophies about two and a half blocks from the site of the explosion, said she and other employees in their building panicked when they heard the loud blast and saw smoke.
“We thought a tree fell on the building or a car ran into the place,” Baumgart said. “Debris from the ceiling came down.”
She continued: “Everybody here immediately ran out of the building. We thought the building was going to come down.”
It was the second house explosion in the area in just over five years. A house explosion on June 27, 2017, killed two people and injured three others.
Wednesday’s explosion also brought to mind a massive blast in 2012 that destroyed or damaged more than 80 homes on Indianapolis’ south side and killed two people. A man was convicted of tampering with a natural gas line at his then-girlfriend’s home in an attempt to commit insurance fraud, with the explosion killing two next-door neighbors. That man, his half-brother and girlfriend all received long prison sentences.
___
This story has been corrected to show the first name of the chief deputy coroner in Vanderburgh County is David. | https://www.yourcentralvalley.com/news/u-s-world/deputy-coroner-house-explosion-in-southern-indiana-kills-3/ | 2022-08-11T13:37:25Z | https://www.yourcentralvalley.com/news/u-s-world/deputy-coroner-house-explosion-in-southern-indiana-kills-3/ | true |
(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.)
Abdul Salam, Purdue University
(THE CONVERSATION) Water is the most essential resource for life, for both humans and the crops we consume. Around the world, agriculture accounts for 70% of all freshwater use.
I study computers and information technology in the Purdue Polytechnic Institute and direct Purdue’s Environmental Networking Technology (ENT) Laboratory, where we tackle sustainability and environmental challenges with interdisciplinary research into the Agricultural Internet of Things, or Ag-IoT.
The Internet of Things is a network of objects equipped with sensors so they can receive and transmit data via the internet. Examples include wearable fitness devices, smart home thermostats and self-driving cars.
In agriculture, it involves technologies such as wireless underground communications, subsurface sensing and antennas in soil. These systems help farmers track conditions on their land in real time, and apply water and other inputs such as fertilizer exactly when and where they are needed.
In particular, monitoring conditions in the soil has great promise for helping farmers use water more efficiently. Sensors can now be wirelessly integrated into irrigation systems to provide real-time awareness of soil moisture levels. Studies suggest that this strategy can reduce water demand for irrigation by anywhere from 20% to 72% without hampering daily operations on crop fields.
What is the Agricultural Internet of Things?
Even in dry places such as the Middle East and North Africa, farming is possible with efficient water management. But extreme weather events driven by climate change are making that harder. Recurrent droughts in the western U.S. over the past 20 years, along with other disasters like wildfires, have caused billions of dollars in crop losses.
Water experts have measured soil moisture to inform water management and irrigation decisions for decades. Automated technologies have largely replaced hand-held soil moisture tools because it is hard to take manual soil moisture readings in production fields in remote locations.
In the past decade, wireless data harvesting technologies have begun to provide real-time access to soil moisture data, which makes for better water management decisions. These technologies could also have many advanced IoT applications in public safety, urban infrastructure monitoring and food safety.
The Agricultural Internet of Things is a network of radios, antennas and sensors that gather real-time crop and soil information in the field. To facilitate data collection, these sensors and antennas are interconnected wirelessly with farm equipment. The Ag-IoT is a complete framework that can detect conditions on farmland, suggest actions in response and send commands to farm machinery.
Interconnecting devices such as soil moisture and temperature sensors in the field makes it possible to control irrigation systems and conserve water autonomously. The system can schedule irrigation, monitor environmental conditions and control farm machines, such as seed planters and fertilizer applicators. Other applications include estimating soil nutrient levels and identifying pests.
The challenges of putting networks underground
Wireless data collection has the potential to help farmers use water much more efficiently, but putting these components in the ground creates challenges. For example, at the Purdue ENT Lab, we have found that when the antennas that transmit sensor data are buried in soil, their operating characteristics change drastically depending on how moist the soil is. My new book, “Signals in the Soil,” explains how this happens.
Farmers use heavy equipment in fields, so antennas must be buried deep enough to avoid damage. As soil becomes wet, the moisture affects communication between the sensor network and the control system. Water in the soil absorbs signal energy, which weakens the signals that the system sends. Denser soil also blocks signal transmission.
We have developed a theoretical model and an antenna that reduces the soil’s impact on underground communications by changing the operation frequency and system bandwidth. With this antenna, sensors placed in top layers of soil can provide real-time soil condition information to irrigation systems at distances up to 650 feet (200 meters) – longer than two football fields.
Another solution I have developed for improving wireless communication in soil is to use directional antennas to focus signal energy in a desired direction. Antennas that direct energy toward air can also be used for long-range wireless underground communications.
What’s next for the Ag-IoT
Cybersecurity is becoming increasingly important for the Ag-IoT as it matures. Networks on farms need advanced security systems to protect the information that they transfer. There’s also a need for solutions that enable researchers and agricultural extension agents to merge information from multiple farms. Aggregating data this way will produce more accurate decisions about issues like water use, while preserving growers’ privacy.
These networks also need to adapt to changing local conditions, such as temperature, rainfall and wind. Seasonal changes and crop growth cycles can temporarily alter operating conditions for Ag-IoT equipment. By using cloud computing and machine learning, scientists can help the Ag-IoT respond to shifts in the environment around it.
Finally, lack of high-speed internet access is still an issue in many rural communities. For example, many researchers have integrated wireless underground sensors with Ag-IoT in center pivot irrigation systems, but farmers without high-speed internet access can’t install this kind of technology.
Integrating satellite-based network connectivity with the Ag-IoT can assist nonconnected farms where broadband connectivity is still unavailable. Researchers are also developing vehicle-mounted and mobile Ag-IoT platforms that use drones. Systems like these can provide continuous connectivity in the field, making digital technologies accessible for more farmers in more places.
This article is republished from The Conversation under a Creative Commons license. Read the original article here: https://theconversation.com/farmers-can-save-water-with-wireless-technologies-but-there-are-challenges-like-transmitting-data-through-mud-181830. | https://www.seattlepi.com/news/article/Farmers-can-save-water-with-wireless-17366569.php | 2022-08-11T13:37:35Z | https://www.seattlepi.com/news/article/Farmers-can-save-water-with-wireless-17366569.php | false |
A new national survey released by education conference P3•EDU and 'The Chronicle of Higher Education' shows that higher ed leaders are leveraging partnerships to innovate in a post-pandemic society.
DENVER, Aug. 11, 2022 /PRNewswire/ -- P3•EDU, an event hosted by University of Colorado Denver, today released the results of a new survey, finding that more than two-thirds of university leaders see public-private partnerships growing on their campus.
The nationwide survey, conducted by P3•EDU and The Chronicle of Higher Education, polled nearly 350 university leaders and found the following:
- 71% see public-private partnerships growing on their campus, with just 2% seeing partnerships declining.
- The leading categories of interest for partnerships include mental health/telehealth services, campus infrastructure development, and growing online programs.
- The leading reasons to explore partnerships include unique competencies, speed of execution, and availability of capital.
- Concerns about partnerships include cost, control, and mission alignment.
"As higher education comes out of the pandemic, it's critical that universities explore and embrace new models for innovation and impact, including partnership opportunities," said Michelle Marks, Chancellor of University of Colorado Denver and host of P3•EDU. "Not only is demand for partnerships growing, but the range of partnership categories also continues to expand in both administrative and academic areas, opening new doors for the ways we benefit our communities and serve our students."
Complete survey results can be found here:
The survey was conducted ahead of the national P3•EDU Conference to be held September 28-30 on the University of Colorado Denver campus. The conference brings together preeminent leaders from universities and business to network and share best practices around public-private partnerships in higher education.
Contact: media@p3edu.com
P3•EDU is an invitation-only event for university leaders to learn more about partnership opportunities and their associated challenges, share best practices, and network with peers and thought leaders at the forefront of this evolving trend. This year's gathering will be held September 28-30 at the University of Colorado Denver. For more information, visit www.p3edu.com.
The University of Colorado Denver is the state's premier public urban research university and equity-serving institution. Globally connected and locally invested, CU Denver partners with future-focused learners and communities to design accessible, relevant, transformative educational experiences for every stage of life and career. Across seven schools and colleges in the heart of downtown Denver, our leading faculty inspires and works alongside students to solve complex challenges through boundary-breaking innovation and impactful research and creative work. As part of the state's largest university system, CU Denver is a major contributor to the Colorado economy, with 2,000 employees and annual economic impact of $800 million. For more information, visit www.ucdenver.edu.
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SOURCE P3 EDU LLC | https://www.kalb.com/prnewswire/2022/08/11/more-than-two-thirds-universities-see-growth-public-private-partnerships-campus/ | 2022-08-11T13:37:58Z | https://www.kalb.com/prnewswire/2022/08/11/more-than-two-thirds-universities-see-growth-public-private-partnerships-campus/ | true |
Scholz confident Germany can weather energy crisis this winter
German Chancellor Olaf Scholz pledged his government won’t leave citizens freezing or unable to pay their energy bills but acknowledged his country faces considerable challenges in the coming months.
Rising fuel costs sparked by Russia’s war against Ukraine have put severe financial strain on many in Germany and beyond, raising concerns about a possible winter of discontent.
“We will do everything to help citizens get through this difficult time,” Mr Scholz told reporters during his annual summer news conference in Berlin.
He cited numerous measures the government already adopted to ease financial hardships for residents and to secure alternative energy supplies to replace Russian oil, coal and gas.
The most important thing we can do to achieve (energy) sovereignty in the future and simultaneously do what's necessary for our economic future is to expand renewable energy and protect the climate
Asked whether he feared that frustration could boil over into violent protests, Mr Scholz replied, “I don’t believe that there will be unrest … in this country.” He cited Germany’s strong tradition of social welfare.
But the chancellor acknowledged there would be “many demands” during the winter as the country tries to reconcile energy shortages with long-standing plans to phase out nuclear power and fossil fuel use.
The German government has given utility companies a green light to reactivate shuttered oil and coal power plants as part of efforts to reduce the nation’s dependence on Russian natural gas.
Mr Scholz said the government is also considering extending the lifetime of the country’s three remaining nuclear plants beyond the end of the year, even as it takes steps to massively ramp up the generation of renewable energy in the short and medium term.
“The most important thing we can do to achieve (energy) sovereignty in the future and simultaneously do what’s necessary for our economic future is to expand renewable energy and protect the climate,” he said.
Mr Scholz appeared to acknowledge that Germany’s past reliance on Russian energy had been a mistake, and that the country should have diversified its supplies sooner.
He declined to say whether he personally regretted Germany’s continued purchase of Russian gas and whether it gave Berlin a heightened responsibility to support Ukraine in defending itself against Russia’s military assault.
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Watch the stories that matter, right from your inbox | https://www.newschainonline.com/news/world-news/scholz-confident-germany-can-weather-energy-crisis-this-winter-285880 | 2022-08-11T13:38:41Z | https://www.newschainonline.com/news/world-news/scholz-confident-germany-can-weather-energy-crisis-this-winter-285880 | false |
Selby Library 'School Supply Buffet' assists more than 100 Sarasota County students
Baskets of binders, parcels of pencils, and a tote to carry them in were all available at the "Selby School Supply Buffet" hosted by The Selby Public Library on July 30 and Aug. 1. Over 100 Sarasota County students picked up much needed supplies, checking off the items on each of their school’s must-have lists.
“The Selby Public Library’s Youth Department provides snack bags and lunches for children all summer long," said Youth Department Librarian Heather Tweed. "If families aren’t even able to afford food, how are they supposed to provide a whole list of school supplies for the year?”
With a room filled with free supplies, students "shopped” at the buffet for items on their lists. In addition to providing funding for the supplies, The Friends of The Selby Public Library also provided totes for carrying supplies and collected donations over the summer.
“The Friends are committed to supporting library events and programs that fill a need in our community with the help of our volunteers, members, and generous public donations,” said Friends executive director DJ Kramer.
The Selby School Supply Buffet also provided students with information on Brainfuse, which offers free online tutoring for all grades, as well as paper writing feedback, test prep for SAT, ACT, GED, and U.S. citizenship exams, and career resources. Brainfuse can be accessed through scgov.net/library.
The Selby Public Library’s Youth Department hopes to make the School Supply Buffet an annual event. Goals for next year’s event include having more supplies available for additional families, a larger variety of supplies, and backpacks for all students. The Friends hopes to double their funding for the event for next year and asks those interested in supporting their efforts to become a member of the Friends by logging onto selbylibraryfriends.org, or stopping by their bookstore located within the library’s rotunda.
“Even purchasing a book for a little as a quarter at our bookstore goes toward fulfilling our mission and keeping the Selby Public Library a beautiful, vibrant, and vital institution in our community,” Kramer said.
The Friends of the Selby Public Library partners with the Selby Public Library to develop services, provide programs, and advocate for library resources serving the greater Sarasota community.
Submitted by DJ Kramer | https://www.heraldtribune.com/story/news/2022/08/11/selby-school-supply-buffet-assists-more-than-100-sarasota-students/10269330002/ | 2022-08-11T13:40:48Z | https://www.heraldtribune.com/story/news/2022/08/11/selby-school-supply-buffet-assists-more-than-100-sarasota-students/10269330002/ | true |
All that is true
“My sisters and brothers, your thoughts should be wholly directed to all that is true, all that deserves respect, all that is honest, pure, decent, admirable, virtuous or worthy of praise. Live according to what you have learned…
Then will the God of peace be with you.”
Philippians 4:8-9 The Inclusive Bible
One day not so long ago I watched a travel adventure show of Switzerland. The show featured verdant pastures, blue skies and pure air, people biking along vineyards near Lake Geneva, electric cars with plenty of recharging stations, electric trams and trains, ice cream made of sheep milk which is tastier, easier to digest and with more protein than cows’ milk, and youth with much hope for their future.
Next I watched our country’s news of mass shootings, wildfires causing air pollution for thousands of miles, floods, high gas prices, “shrinkflation” at the grocery store, Congress rendered dysfunctional by corporate greed and lobbying, a biased Supreme Court, systemic racism, and people homeless and hungry in America.
I wondered, “why is Switzerland a land of peace and freedom while our country which espouses these values cannot seem to achieve them?”
One might say our elected leaders need to make changes. And we can vote… But true and lasting change does not come from the top down. It comes from the bottom up — from the grassroots. Jesus did not hold a power position in the religious or political systems to impose values, beliefs and behaviors on others. Instead, Jesus called forth all that is true within each person – especially the poor, the sick, the needy and the outsider. Jesus showed the place of peace and freedom is within –— where God dwells.
As the verse above shows, beauty, freedom and peace begin within those who focus on truth, respect and honesty – and live according to all that is true.
The reverend Celia M. Hastings has a masters degree in religious education from Western Theological Seminary in Holland, Michigan. She is author of “The Wisdom Series” and “The Undertaker’s Wife.” | https://www.petoskeynews.com/story/lifestyle/2022/08/11/all-true/10264419002/ | 2022-08-11T13:41:40Z | https://www.petoskeynews.com/story/lifestyle/2022/08/11/all-true/10264419002/ | false |
Greensky Hill continues 'A Wonder-full' worship series
At 10 a.m., Sunday, Aug. 14, Greensky Hill continues, "A Wonder-full Life: Looking at Money and Meaning," with week two: "Looking In," featuring songs and prayers in Anishinaabemowin and English, music and prayer with worship pastor Sharon Osterhouse, "Children's Time of Wonder" with pastor Sarah Sheaffer, a reflection by the reverend Jonathan Mays based on the First Nations Version of Matthew 6:19-24, and a video by The Work of the People.
The series draws from the classic film, "It's a Wonderful Life," and the book, "Integrating Money and Meaning: Practices for a Heart-Centered Life" by Maggie Kulyk with Liz McGeachy.
Series creator, Worship Design Studio, notes, "...this week our scripture speaks of 'storing up treasures in heaven.' We will see that the treasures Jesus speaks of are the riches that come with the outpouring of relationship, love, grace, and hospitality. These things are 'uncorruptible' rather than the accumulation of things that can become false gods. How we 'spend' our treasures of time, energy, and money indicates what we love, what we value, how we want to impact the world. This week we are invited to become more courageous, intentional, and visionary about how we serve the world through what we spend."
Greensky Hill Indian United Methodist Church invites the community to worship at 8484 Greensky Hill Road, Charlevoix, Michigan 49720 and online at www.facebook.com/groups/173854422675352/ each Sunday. All are welcome.
At 11:15 a.m., Sunday, Aug. 14, immediately following the morning service, members and friends are invited to participate in a "Land Back" Listening Circle & Council Meeting. This is the next step in Greensky Hill's ministry priority of becoming an Anishinaabek Cultural Center in addition to being a living Christian church. It's part of a broader discussion with the Michigan Conference of the UMC about facilitating land sovereignty for Native churches, while honoring the Book of Discipline. The church hopes everyone connected to Greensky Hill, especially our Native members and friends, will participate in this talking circle, in Susan Hall and via Zoom. | https://www.petoskeynews.com/story/lifestyle/2022/08/11/greensky-hill-continues-a-wonder-full-worship-series/10264991002/ | 2022-08-11T13:41:46Z | https://www.petoskeynews.com/story/lifestyle/2022/08/11/greensky-hill-continues-a-wonder-full-worship-series/10264991002/ | false |
PLEASANTON, Calif., Aug. 11, 2022 /PRNewswire/ -- Bakkal Corporation today announced a seed round investment of $3 million from new and existing investors.
Bakkal is a B2B2C marketplace and last mile delivery platform for ethnic goods founded in 2021.The company aims to reshape local corner stores by providing them strategic business tools and services.
"We believe small grocery stores are a key part of our community and culture. Consumers from diverse ethnic backgrounds have access to healthy and affordable food through these organizations. Ethnic grocery options deserve more than a tiny corner of the grocery store," said Bakkal Founder & CEO Murat Karslioglu. "We are digitizing the ethnic grocery supply chain and making it easier for small local stores to source inventory. By helping high quality and international brands stock their products reliably at stores, we increase affordable food options."
Bakkal's new round increased the valuation of the company to $20M. Bakkal launched its services in Los Angeles in late 2021 and expanded to Bay Area, California in early 2022.
New resources will help Bakkal to fund technology development, grow its engineering team and expand marketing activities.
Bakkal apps are available on both Apple App Store and Google Play Store.
BAKKAL Press Kit: [https://getbakkal.com/press-kit]
Stay up-to-date on all things Bakkal and shop-local-culture on Facebook, Twitter and Instagram
Bakkal is an ethnic grocery marketplace in the U.S. The company provides services to brands on its platform to market international products to the U.S market. Bakkal has offices in California, Istanbul, Kyrgyzstan and Tel Aviv. Visit us online at GetBakkal.com.© 2022 Bakkal Corporation. All rights reserved. Bakkal wordmark and logo are trademarks owned by Carsly, Inc. dba Bakkal Corporation.
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SOURCE Bakkal Corporation | https://www.kxii.com/prnewswire/2022/08/11/bakkal-receives-funding-accelerate-growth/ | 2022-08-11T13:42:59Z | https://www.kxii.com/prnewswire/2022/08/11/bakkal-receives-funding-accelerate-growth/ | false |
Sustainability, Regenerative Agriculture, and Bird Migration
Beating the drought through innovation in Utah's Great Salt Lake region in this episode of
Made In America: Farms Across America
CORINNE, Utah, Aug. 11, 2022 /PRNewswire/ -- Consensus Digital Media presents episode #8 of Made In America: Farms Across America, featuring a family of long-time Utah farmers and ranchers taking a hard look at water, drought, and crops to meet today's needs, and change the likelihood of future water crises.
Utah is the second driest state in the nation. Compounded by what scientists are calling a generational drought, the runoff effects on the agricultural and state economies are potentially even more disastrous. The Great Salt Lake is at a record low level, and the snowpack is at least 25% below normal. In this episode, we meet the Ferry family of Corinne, Utah, which is using regenerative agriculture and strategic partnerships to create efficiencies for their crops and the surrounding valley and wildlife.
JY Ferry and Son have a century-long history of water conservation in the Great Salt Lake Valley, and continue to find ways to improve upon that legacy. The ranchers are using laser leveling, flood irrigation, planned grazing, no-till farming, and crop rotation to build healthy soil that retains water even in a drought. Notably, the Ferrys don't go at it alone – they are collaborating with the government agencies overseeing neighboring wetlands to make sure millions of birds make their critical migratory paths through the Great Salt Lake region.
"Consensus is excited to share the Ferry family's story of harnessing sustainability initiatives and innovation to overcome water shortages and prepare for the future," said Conor Gaughan, CEO and Publisher of Consensus Digital Media. "By working with government agencies, community groups, and neighboring ranchers, the Ferry family is creating a legacy of improving the local environment and economy."
View this episode of Made In America: Farms Across America at https://youtu.be/rKwCRTeiA5Q
Consensus Digital Media highlights and produces uplifting and relevant stories that spotlight the communities, leaders, and businesses achieving a sustainable future through innovative and pragmatic solutions.
Produced by Consensus Digital Media, Made In America is a documentary series that tells the stories of small towns, family farms, and local businesses doing good. These are uplifting stories of American innovation and strength.
CONTACT: media@consensus-digital.com
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SOURCE Consensus Digital Media | https://www.wafb.com/prnewswire/2022/08/11/utah-ranchers-innovating-fight-water-crisis/ | 2022-08-11T13:43:13Z | https://www.wafb.com/prnewswire/2022/08/11/utah-ranchers-innovating-fight-water-crisis/ | false |
STOCKHOLM, Aug. 11, 2022 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), today reported financial results for the three and six months ended June 30, 2022.
FINANCIAL SUMMARY FOR THE THREE MONTHS ENDED JUNE 30, 2022:
- Revenue of $1.3 million, a decrease of 26.3% compared to the same period in the prior year.
- Operating expenses of $2.8 million, a decrease of 13.7% compared to the same period in the prior year.
- Net loss of $1.5 million, or $0.11 per share, compared to $1.7 million, or $0.14 per share, for the same period in the prior year.
- Cash used by operations of $2.9 million compared to $1.4 million for the same period in the prior year.
- Cash and accounts receivable of $13.5 million as of June 30, 2022, compared to $18.7 million as of December 31, 2021.
FINANCIAL SUMMARY FOR THE SIX MONTHS ENDED JUNE 30, 2022:
- Revenue of $2.6 million, a decrease of 23.6% compared to the same period in the prior year.
- Operating expenses of $5.5 million, a decrease of 13.0% compared to the same period in the prior year.
- Net loss of $2.9 million, or $0.22 per share, compared to $3.2 million, or $0.28 per share, for the same period in the prior year.
- Cash used by operations of $5.2 million compared to $3.4 million for the same period in the prior year.
THE CEO'S COMMENTS
"Our overall sales and results for the second quarter of 2022 were below expectations and were impacted by the fact that customers in several of our key markets, particularly Asia, are still being affected by lock-downs associated with the COVID-19 pandemic. Many of our customers are also having to navigate supply chain constraints due to a shortage of semiconductor components and other issues they are faced with in the current economic climate, slowing their product sales, and in some cases their development and launches of new products, which affects our business negatively," said Dr. Urban Forssell, Neonode's CEO.
"Our products business continues to develop and we are seeing a growing interest in our Touch Sensor Modules ("TSM") from elevator customers and interactive kiosk manufacturers in the transportation, retail, hospitality, and medical segments. To date we have had the best traction in Japan and South Korea, but other markets such as China, Western Europe, and North America are also showing potential. Together with our distributors and value-added resellers we continue to work to expand the TSM business and increase our sales volumes," continued Dr. Forssell.
"In our efforts to re-vitalize our licensing business we focus on automotive OEM and tier 1 customers, and we are encouraged by the interest we are seeing for our object detection, gesture sensing and driver and in-cabin monitoring solutions. Short- and medium-term the revenue potential is sales of non-recurring engineering services in application development projects linked to new vehicle platforms. These projects pave the way for increased license revenues in the medium- and long-term when vehicles based on the new platforms start being produced. We continue to execute on our strategy and remain optimistic about the potential to grow this business in the coming years," concluded Dr. Forssell.
FINANCIAL OVERVIEW FOR THE THREE MONTHS ENDED JUNE 30, 2022
Net revenues for the quarter ended June 30, 2022 were $1.3 million, a 26.3% decrease compared to the same period in 2021. For the 2022 period, license revenues were $1.0 million, a decrease of 29.8% compared to the same period in 2021. The decrease is primarily the result of component shortages within the printer and automotive markets related to the COVID-19 pandemic, which in turn impacted our license revenues for the second quarter of 2022.
Revenues from product sales during the second quarter were $0.2 million, a decrease of 39.3% compared to the same period in 2021. In the first half of 2021 several early adopters of our technology developed and launched retrofit solutions, which affected our TSM sales positively during this period. However, our product sales for the second quarter of 2022 continue to be negatively impacted by COVID-19 driven lock-downs in Asia and we are also affected by the comparatively long development and launch periods, often 12 to 18 months, or longer, for customer new equipment solutions, which slow down our sales growth.
Gross margin related to products was 55.7% for the second quarter of 2022 compared to 38.7% for the same period in 2021. Our operating expenses decreased 13.7% for the second quarter of 2022 compared to the same period in 2021, primarily due to lower staff expenses and depreciation and amortization.
Net loss attributable to Neonode for the three months ended June 30, 2022 was $1.5 million, or $0.11 per share, compared to a net loss of $1.7 million, or $0.14 per share, for the same period in 2021. Cash used by operations was $2.9 million in the second quarter compared to $1.4 million for the same period in 2021. The increase is primarily the result of increased inventory to secure our future product deliveries.
Cash and accounts receivable totaled $13.5 million and working capital was $16.4 million as of June 30, 2022 compared to $18.7 million and $19.1 million as of December 31, 2021, respectively.
For more information, please contact:
Investor Relations
Fredrik Nihlén
E-mail: fredrik.nihlen@neonode.com
Phone: +46 703 97 21 09
Chief Executive Officer
Urban Forssell
E-mail: urban.forssell@neonode.com
Phone: +46 734 10 03 59
This information was brought to you by Cision http://news.cision.com
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SOURCE Neonode | https://www.kwch.com/prnewswire/2022/08/11/neonode-reports-quarter-ended-june-30-2022-financial-results/ | 2022-08-11T13:43:29Z | https://www.kwch.com/prnewswire/2022/08/11/neonode-reports-quarter-ended-june-30-2022-financial-results/ | true |
HAVANA (AP) — A deadly fire that consumed at least half of a large oil storage facility in western Cuba and threatened to bring more power failures to the island’s already fragile electricity system was largely controlled Wednesday after nearly five days, authorities said.
Flames that recently consumed the fourth tank in the eight-tank facility in Matanzas were almost quelled, although the third tank remained on fire and surrounded by smoke, officials said.
Col. Daniel Chávez, second in command at Cuba’s firefighting department, said the fire could keep burning for the next couple of days, but he did not expect it to spread further. He said the next step is to cool the area.
The blaze killed at least one person and injured 128 others, with 14 firefighters still reported missing and 20 people hospitalized. The fire also forced officials to evacuate more than 4,900 people and shut down a key thermoelectric plant after it ran out of water, raising concerns about a new round of blackouts in addition to the ones the government announced last week for Havana.
Arturo López-Levy, a politics and international relations professor at Holy Names University in California, said the fire will complicate an already difficult scenario in Cuba.
“I think any realistic forecast would point to more blackouts and more difficulty in carrying out the minimum economic activity in the country,” he said.
López-Levy also warned that it would be difficult “to lift up this country after this triple tragedy,” referring to the U.S. sanctions, the pandemic and now the fire.
Some Cubans worry the blaze could lead to more planned power outages as the government grapples with a fuel shortage.
“That gives way to more justification of blackouts that are going to occur,” said Pedro Pozo, a state worker.
Cuban President Miguel Díaz-Canel praised the work by local firefighters and special teams sent byt Mexico and Venezuela that employed boats, planes and helicopters to fight the blaze whose billowing, toxic smoke could be seen from the capital of Havana.
“(Tuesday) was a victory day, but we cannot be overconfident,” the president tweeted Wednesday as he warned about a possible switch in the wind direction. “Danger is lurking.”
The fire at the Matanzas Supertanker Base began Friday when lightning struck the key infrastructure, which operates an oil pipeline that receives Cuban crude oil that powers thermoelectric plants. It also serves as the unloading and transshipment center for imported crude oil, fuel oil and diesel.
The government has not provided an estimate of damages or said how much it has lost overall in key fuel supplies. The first tank was at 50% capacity and contained nearly 883,000 cubic feet (25,000 cubic meters) of fuel. The second tank was full.
___
Andrea Rodríguez on Twitter: www.twitter.com/ARodriguezAP | https://www.koin.com/news/international/firefighters-subdue-deadly-blaze-at-key-oil-facility-in-cuba/ | 2022-08-11T13:45:00Z | https://www.koin.com/news/international/firefighters-subdue-deadly-blaze-at-key-oil-facility-in-cuba/ | true |
EOS Linx continues strong relationship with NeoVolta Energy Storage System for
Superior Power Management Technology and Battery Chemistry
BRENTWOOD, Tenn., Aug. 11, 2022 /PRNewswire/ -- EOS Linx (EOS), a leading provider of solar-supported electric vehicle charging stations with digital advertising displays (EOS Charge Stations), has chosen NeoVolta Inc. (NASDAQ: NEOV) as its battery supplier for its smart, network-connected solutions. Through this partnership, NeoVolta will provide customized, advanced energy storage systems for EOS Charge stations, contributing to EOS Linx's mission of supporting community-wide electrification programs and expanding the country's EV infrastructure.
Each EOS Charge Station provides a minimum of two chargers and is equipped with a 55- or 75-inch digital advertising display as well as a NeoVolta Energy Storage System. Installations are already underway in Georgia, Tennessee, Alabama, and Texas, with deployments in additional states set to begin before the end of 2022.
"We chose to expand our relationship with NeoVolta for several reasons: reliability, safety, and long battery life," says EOS Linx CEO Blake Snider. "We are thrilled to reinforce our partnership with NeoVolta as we set out to revolutionize EV charging for American drivers."
The NeoVolta systems provide high storage capacity and power output, along with high-cycle battery life. Engineered with a lithium iron phosphate battery chemistry, these systems are a safe, non-flammable alternative to ordinary lithium-ion batteries. In 2022, NeoVolta was recognized by Solar Power World's Top Solar Storage Products for the third year in a row.
"For our EV Charging network to be safe, we need to focus on intelligent power management and building a resilient platform that still works when the lights are out." says EOS Linx COO Alex McGhee. "NeoVolta provides both intelligent power storage as well as the data we need to continuously improve our overall solution."
"We are very proud to be the battery provider for the expanding network of EOS Charge Stations," says Brent Willson, CEO of NeoVolta Inc. "Our supply chain and production facility are ready for the increased demand."
EOS Linx combines solar energy and energy storage in its charging stations to support a more renewable electrification solution for electric vehicle charging, performing even when grid power is interrupted. EOS Linx already has 14,000 EV charging locations under contract or MSA. The comprehensive charging solution includes solar power generation and storage, electric vehicle charging, AI-based security, and digital out-of-home advertising that adds immediate value to each location.
NeoVolta designs, develops, and manufactures advanced energy storage systems for both residential and industrial use. Its storage solutions are engineered with Lithium-Iron Phosphate (LiFe(PO4)) battery chemistry, which is clean, nontoxic, and nonflammable. The residential-focused NeoVolta NV14 is equipped with a solar rechargeable 14.4 kWh battery system, a 7,680-Watt inverter, and a web-based energy management system with 24/7 monitoring. The system's 6,000-cycle battery life, one of the longest on the market, translates to 16.5 years of useful life, based on a full charge, and discharge each day. The NV14 has passed the product safety standards set forth by Underwriters Laboratories (UL) for battery energy storage safety testing.
FORWARD-LOOKING STATEMENT
Certain statements in this news release constitute forward-looking information within the meaning of applicable securities laws. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects," "believes," "anticipates," "budget," scheduled," "estimates," "forecasts," "intends," "plans," and variations of such words and phrases, or by statements that certain actions, events or results "may," "will," "could," "would," or "might," "be taken," "occur," or "be achieved." Forward-looking statements are neither historical facts nor assurances of future performance. Forward-looking information contained in this news release is based on certain assumptions regarding, among other things, expected growth, results of operations, performance, industry trends and growth opportunities. While management considers these assumptions to be reasonable, based on information available, they may prove to be incorrect. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements.
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SOURCE EOS Linx | https://www.kxii.com/prnewswire/2022/08/11/eos-linx-selects-neovolta-its-battery-supplier-eos-charge-station-deployments-through-2023/ | 2022-08-11T13:45:45Z | https://www.kxii.com/prnewswire/2022/08/11/eos-linx-selects-neovolta-its-battery-supplier-eos-charge-station-deployments-through-2023/ | false |
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