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The Solana blockchain ecosystem has been attacked by unknown hackers, who have siphoned out roughly $8 million from around 8,000 hot wallets — Phantom, Slope and TrustWallet
Users on Twitter user said the attacker targeted the native token SOL and stablecoin USD (USDC). Accounts that have been inactive for over six months were said to be the primary targets.
PeckShield Alert, a blockchain security and data analytics company, said the widespread hack on Solana wallets is likely due to the “supply chain issue”, exploited to steal user keys from wallets. The loss is estimated to be $8 million, it added.
Addressing the hack, the Solana network said approximately 7,767 wallets have been affected. “Engineers are currently working with multiple security researchers and ecosystem teams to identify the root cause of the exploit, which is unknown at this time,” it tweeted.
Hardware walletsv
The network said there’s no evidence of hardware wallets being impacted. Hardware wallets are a form of offline storage that stores the user’s private keys in a secure hardware device. Solana has advised users to use hardware wallets. “Wallets drained should be treated as compromised, and abandoned,” it said.
Wallet companies Phantom and Slope have also issued a statement confirming they were investigating the matter.
The value of the SOL token dropped by 8 per cent as a result of the hack’s revelation. Since then, the token has recovered and is now trading at $39.90, down 0.8 percent in the last 24 hours, according to Coingecko.
The attack on Solana comes a day after Nomad Bridge was hacked, resulting in a wipe of $191 million. The Solana ecosystem has been vulnerable to hacks previously as well. $320 million was stolen from the Solana, Ethereum bridge Wormhole. The Solana stablecoin protocol cashio had also suffered an exploit leading to the collapse of its flagship stablecoin.
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DUBLIN, Aug. 3, 2022 /PRNewswire/ -- The "Global Surgical Retractors Market by Product (Hand-held, Self-retaining, Wire), Design (Fixed, Angled, Elevated), Application (Abdominal, Cardiothoracic, Orthopedic, Urological, Aesthetic), End User (Hospitals, Fertility Centers, ASCs) - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global surgical retractors market is projected to reach USD 2.8 billion by 2027 from USD 1.9 billion in 2022, at a CAGR of 6.7%. The growth of this market can largely be attributed to the rising demand for plastic and reconstructive surgeries, increasing number of surgeries, and increasing healthcare infrastructure for better quality medical care.
The self-retaining retractors segment is expected to register the highest CAGR during the forecast period
Based on product, the global surgical retractors market is segmented into handheld retractors, self-retaining retractors, table-mounted retractors, wire retractors, and retractor accessories. The self-retaining retractors segment is expected to register the highest growth during the forecast period. This is mainly due to the growing adoption of spinal and endorectal surgeries worldwide and their increasing preference in minimally invasive and dermatology surgeries.
The abdominal surgeries segment accounted for the largest share of the surgical retractors market, by application
Based on application, the surgical retractors market is segmented into abdominal surgeries, cardiothoracic surgeries, orthopedic surgeries, obstetric and gynaecological surgeries, urological surgeries, aesthetic surgeries, head, neck, and spinal surgeries, and other surgeries. The largest share of the abdominal surgeries segment can be attributed to the increasing prevalence of target disease conditions related to abdominal organs and the large number of surgical procedures performed through the abdominal region.
The ambulatory care centers segment to witness the highest growth in the surgical retractors end user market during the forecast period
Based on end users, the surgical retractors market is segmented into hospitals, clinics, and surgical centers, ambulatory care centers, and maternity and fertility centers. The ambulatory care centers segment is expected to register the highest growth during the forecast period. This can be attributed to the increased adoption of getting treated in ambulatory care settings due to the cost-effective treatment offered.
The APAC to witness the highest growth during the forecast period
Asia Pacific is expected to grow at the highest CAGR during the forecast period of 2022 - 2027. The presence of high-growth markets such as India, China, and Japan, rapid growth in the geriatric population, increasing number of hospitals, supportive reimbursement policies, and the implementation of favorable government initiatives are some of the major factors that are expected to drive the growth of the surgical retractors market in the Asia Pacific region.
Market Dynamics
Drivers
- Increasing Number of Surgical Procedures Worldwide
- Rising Prevalence of Chronic Diseases Along with Significant Rise in Geriatric Population
- Availability of Specialized Retraction Products
- Rising Demand for Plastic and Reconstructive Surgeries
Restraints
- Increased Preference for Minimally Invasive Surgeries
Opportunities
- High-Growth Opportunities in Emerging Markets
- Increasing Adoption of Outpatient Surgeries
Challenges
- Surgical Errors
- Shortage of Surgeons
Premium Insights
- Rising Number of Surgical Procedures Performed to Drive Growth
- Handheld Retractors Segment Accounted for Largest Share of Asia-Pacific Market in 2021
- China to Register Highest Growth During Forecast Period
- North America to Dominate Market in 2027
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Surgical Retractors Market, by Product
7 Surgical Retractors Market, by Design
8 Surgical Retractors Market, by Usage
9 Surgical Retractors Market, by Application
10 Surgical Retractors Market, by End-user
11 Surgical Retractors Market, by Region
12 Competitive Landscape
13 Company Profiles
14 Appendix
Companies Mentioned
- Applied Medical Resources Corporation
- Arthrex, Inc.
- B. Braun Melsungen Ag
- Bausch Health Companies Inc.
- Becton, Dickinson and Company
- Br Surgical, LLC
- Conmed Corporation
- Enovis Corporation (Djo Global, Inc.)
- Globus Medical, Inc.
- Halma plc (Microsurgical Technology)
- Henry Schein, Inc.
- Innomed, Inc.
- Integra Lifesciences
- Johnson & Johnson (Depuy Synthes)
- Lina Medical Aps
- Mediflex Surgical Products
- Medline Industries, Lp
- Medtronic plc
- Olympus Corporation
- Sklar Surgical Instruments
- Stryker Corporation
- Teleflex Incorporated
- Terumo Corporation
- The Cooper Companies Inc.
- Thompson Surgical Instruments
For more information about this report visit https://www.researchandmarkets.com/r/z8gsb7
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SOURCE Research and Markets | https://www.prnewswire.com/news-releases/global-surgical-retractors-market-to-reach-2-8-billion-by-2027-at-a-cagr-of-6-7-301598962.html | 2022-08-03T14:37:36 | en | 0.884187 |
NEW YORK (AP) — Robinhood Markets said Tuesday it’s cutting nearly a quarter of its workforce, as crashing cryptocurrency prices and a turbulent stock market keep more customers off its trading app.
CEO Vlad Tenev said the company, whose easy-to-use app helped bring a new generation of investors to the market, will reduce its headcount by about 23%. The reduction of about 780 jobs follows another round of layoffs announced earlier this year, which cut 9% of its workforce and “did not go far enough” in cutting costs, Tenev said in a post on the company’s blog.
The highest inflation in 40 years, and sharp hikes in interest rates by the Federal Reserve to combat it, have sent prices reeling across all kinds of financial markets, particularly those popular among Robinhood customers. Bitcoin has fallen to roughly $23,000 from its record of nearly $69,000, with prices crashing across the crypto ecosystem. Stocks on Wall Street, meanwhile, dropped more than 20% from their record to put the S&P 500 in what’s called a bear market.
All that tumult means Robinhood saw its number of monthly average users drop, which hurts the company because it does best when its customers are trading a lot. The company based in Menlo Park, California, said it had 14 million monthly active users in June, down from 15.9 million three months earlier and from 21.3 million in last year’s second quarter.
Altogether, Robinhood reported a net loss of $295 million, or 34 cents per share, for the three months through June. That’s a narrower loss than the $502 million, or $2.16 per share, reported for last year’s second quarter.
Revenue fell 44% from a year earlier to $318 million, but it was stronger than analysts expected.
Robinhood’s growth has slowed sharply over the past year for a few reasons. A big one is that it was hard-pressed to replicate its blockbuster performance from the first half of 2021. At the time, manias around GameStop, other meme stocks and dogecoin all helped send Robinhood’s revenue soaring.
But Robinhood is also contending with a world where pandemic restrictions have eased, meaning potential customers no longer have to spend as much time at home. And some smaller-pocketed, regular investors have pulled back from trading. They’re called “retail investors” to distinguish them from the big professional investors called “institutional investors.”
“Last year, we staffed many of our operations functions under the assumption that the heightened retail engagement we had been seeing with the stock and crypto markets in the COVID era would persist into 2022,” Tenev said in his blog post. “In this new environment, we are operating with more staffing than appropriate. As CEO, I approved and took responsibility for our ambitious staffing trajectory — this is on me.”
Robinhood’s stock has been mostly tumbling since its debut last year. It’s nearly halved so far in 2022 and closed Tuesday at $9.23, up 2.1% for the day. It slipped nearly 1% in afterhours trading. | https://cw33.com/business/ap-business/robinhood-cuts-23-of-its-workforce-as-fewer-users-trade/ | 2022-08-03T14:37:36 | en | 0.973496 |
You need to enable JavaScript to run this app. | https://sportspyder.com/nba/los-angeles-lakers/articles/40274145 | 2022-08-03T14:37:40 | en | 0.738227 |
Uber has launched the WhatsApp to Ride (WA2R) product feature for users in Delhi NCR through which riders across the region will be able to book an Uber ride via its official WhatsApp chatbot.
Piloted in Lucknow last year, the Delhi NCR launch will have two language options-Hindi and English, a feature lacking in the Lucknow chatbox.
Local needs
“Looking at the needs of the local market, the team also provided Hindi language support while booking a ride through WhatsApp. Making the booking process more interactive with the integration of buttons and go-to actions was one of our top priorities,” Ravi Garg, Director, WhatsApp Partnerships, India said in a press statement.
Uber will provide for three ways to book a ride through WhatsApp: messaging to Uber’s business account number; scanning a QR code; or clicking a link directly to open an Uber WhatsApp chat.
Riders get access to the same safety features and insurance protection as those who book trips via the Uber app directly. They will be informed of the name of the driver and license plate of the driver on booking; be able to track the location of the driver en route to the pickup point and be able to speak to the driver anonymously using a masked number, the release said.
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PORTLAND, Ore., Aug. 3, 2022 /PRNewswire/ -- "Many local government agencies have invested in technology and may not be taking full advantage of its power to serve as an economic engine. We can change that," says Dustin Haisler, GovTech's Chief Innovation Officer. Haisler will be presenting at Springbrook's annual Activate event, September 14-16, 2022, at the Virgin Resort in Las Vegas. Register here for the event's early bird special.
The pandemic completely shifted the economic development landscape for agencies across the country, challenging and disrupting traditional ways to unlock and accelerate local economies.
"These shifts created a competitive landscape, forcing agencies to leverage new approaches to attract prospective constituents, businesses, and employees. Technology has become an increasingly important tool in unlocking economic value, but it requires the right holistic approach, combining future-ready people, processes, and technology. But where do you start," observes Haisler.
What are the foundational elements that should be in place? And most importantly – what are the new 'tech' plays that can be used to accelerate economic development? Haisler frames how things have changed and shares the new 'tech' plays that can help local government agencies compete and unlock new economic value in a world of exponential change.
Springbrook's Activate event is September 14-16, 2022 at the Virgin Resort in Las Vegas. It is open to all representatives from local government agencies: register here. The event features advanced training, keynote presentations, workshops, and incredible networking opportunities. A complete agenda can be found here.
Springbrook Software is the country's leading cloud-based finance and administration software provider designing solutions specifically for small to medium sized local government agencies. Nearly 2000 cities, towns and districts from coast to coast use our suite of modern, high-performance solutions to manage their finances, payroll, utility billing and collect citizen payments. Springbrook is headquartered in Portland, Oregon with regional presence in over 40 states, and seven countries internationally. https://springbrooksoftware.com
MEDIA CONTACT: [email protected]
SOURCE Springbrook Software | https://www.prnewswire.com/news-releases/govtechs-chief-innovation-officer-presents-roadmap-for-technology-fueled-government-economic-development-at-springbrooks-activate-2022-customer-conference-301598863.html | 2022-08-03T14:37:42 | en | 0.925056 |
Starbucks on Tuesday reported record revenue in the April-June period, as strong U.S. demand made up for COVID shutdowns in China.
The Seattle-based coffee giant exceeded sales expectations despite continuing store closures and reduced hours in China due to coronavirus measures. Starbucks said its same-store sales in China __ its second-largest market after the U.S. __ were down 44% in its fiscal third quarter. Starbucks said it ended the quarter with roughly 2,000 stores in 50 cities operating with COVID restrictions.
But strong U.S. demand made up for that. Same-store sales, or sales at stores open at least a year, rose 9% in the U.S., where customers are spending more on customizable cold beverages and food, like lime-frosted coconut bars. Morning traffic was also picking up as more people returned to offices.
Interim Starbucks CEO Howard Schultz said the company isn’t yet seeing any impact from inflation, despite increasing prices about 5% over the same period last year.
“While we are sensitive to the impact inflation and economic uncertainty are having on consumers, it’s critically important that you all understand we are not currently seeing any measurable reduction in customer spending or any evidence of customer’s trading down,” Schultz said Tuesday on a conference call with investors.
Schultz added that cold drinks, which now make up 74% of U.S. beverage sales, have become a huge competitive advantage for Starbucks and are bringing in younger customers.
“The premium, customized cold coffee opportunity is simply enormous,” Schultz said.
Starbucks’ revenue rose 9% to $8.2 billion, a quarterly record. That surpassed Wall Street’s forecast of $8.1 billion, according to analysts polled by FactSet.
New stores, including many that are more focused on drive-thru and curbside service, are helping sales. The company said it has opened 298 net new stores in its North America region since June 2021 and 1,355 new stores in international markets.
Starbucks said its net income fell 21% to $912.9 million as it spent more on labor, worker training and supply chain costs. Last fall, the company announced a $1 billion investment in employee wages and benefits in an effort to lift U.S. workers’ pay. U.S. workers currently make an average of $17 per hour, Starbucks North America chief John Culver said. Training hours have also increased.
Schultz said Starbucks is in the midst of a modernization plan that he hopes will help it retain employees and better keep up with customer demand. The plan __ which will be fleshed out in more detail at the company’s investor day in September __ comes amid growing employee dissatisfaction at some U.S. stores.
More than 200 of Starbucks’ 9,000 company-owned U.S. stores have voted to unionize since last December, a move the company opposes. Schultz didn’t mention the union campaign Tuesday.
Schultz, a longtime CEO of Starbucks who rejoined the company in April, reiterated his plan to remain through the first few months of 2023 even after a new CEO is named.
Schultz said the company has narrowed down its list of potential CEOs who are “excited and positive and in agreement” about the modernization plan.
“I have committed myself to stay as long as necessary to ensure that the new CEO has a soft landing and then I transition to the board,” he said.
Adjusted for one-time items, Starbucks earned 84 cents per share. That was higher than the 77-cent profit Wall Street forecast.
Starbucks shares rose nearly 2% in after-hours trading. | https://cw33.com/business/ap-business/starbucks-reports-record-revenue-as-store-count-prices-rise/ | 2022-08-03T14:37:43 | en | 0.968771 |
You need to enable JavaScript to run this app. | https://sportspyder.com/nba/los-angeles-lakers/articles/40274432 | 2022-08-03T14:37:46 | en | 0.738227 |
Bharti Airtel (Airtel), on Wednesday, said it has signed 5G network agreements with Ericsson, Nokia and Samsung to commence 5G deployment from this month. The company acquired 5G spectrum worth ₹43,084 crore in the just-concluded auction.
It may be noted that the company did not sign any fresh deals with Chinese vendors Huawei and ZTE, who were the main vendors for rolling out 4G, because of the new ‘trusted source’ rules set by the government. While ZTE was the main vendor for Airtel in Kolkata (from where it launched its first 4G services) and Huawei was the rider in Punjab and Karnataka for Airtel.
Airtel said it had a long-standing relationship for connectivity with Ericsson and Nokia, while the partnership with Samsung will begin this year. The 5G partnerships follow close on the heels of spectrum auctions conducted by the Department of Telecommunications (DoT), where Airtel bid for and acquired 19,867.8 MHZ spectrum in 900 MHz, 1,800 MHz, 2,100 MHz, 3,300 MHz and 26 GHz frequencies.
“Airtel will commence the rollout of 5G services in August. Our network agreements are finalised, and Airtel will work with the best technology partners from across the world to deliver the full benefits of 5G connectivity to our consumers,” said Gopal Vittal, Managing Director and Chief Executive Officer, Airtel.
India’s transition into a digital economy will be led by telecom, and 5G presents a game-changing opportunity to drive the digital transformation of industries, enterprises and the socio-economic development of India, he said, adding that the choice of multiple partners will enable Airtel launch 5G services spanning ultra-high-speeds, low latency and large data handling capabilities.
“We are delighted that they have chosen Nokia’s best-in-class AirScale baseband and radio portfolio to deliver superior 5G performance in one of the world’s largest networks. I look forward to our continued successful long-term collaboration in this vital and dynamic market,” said Pekka Lundmark, President and CEO of Nokia.
Speaking about the agreement, Börje Ekholm, President and CEO, Ericsson, said with Ericsson’s global 5G deployment experience, it will help Bharti Airtel deliver the full benefits of 5G to Indian consumers and enterprises, while seamlessly evolving the Bharti network from 4G to 5G.
“As a global leader in 5G, Samsung is excited to embark on this 5G journey with Airtel to deliver innovative solutions that will help advance India’s entrepreneurial spirit and open up a new paradigm for the country,” said Paul (Kyungwhoon) Cheun, President and Head of Networks Business at Samsung Electronics.
Over the past year, Airtel has led the industry and spearheaded 5G technology in India, testing several use cases with multiple partners at many locations. From demonstrating India’s first 5G experience over a live 4G network in Hyderabad to India’s first rural 5G trial to the first cloud gaming experience on 5G to the successful deployment of India’s first captive private network on the trial spectrum, Airtel has created and nurtured a vibrant ecosystem of partners and start-ups to support faster adoption of next-generation technologies.
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Guest Sues Marriott for Removing Him from Hotel During Mental Health Crisis
IRVINE, Calif., Aug. 3, 2022 /PRNewswire/ -- A guest at the Irvine Marriott in California has filed a civil rights lawsuit against Marriott for removing him from their hotel during a mental health crisis. According to New York resident and tech entrepreneur Steven Nicolosi, a business trip to California ended in a nightmare experience of homelessness and hospitalization. Nicolosi, who suffers from schizophrenia, began to experience a mental health crisis during his stay at the Marriott and was unable to return home. According to Nicolosi, he informed hotel staff of his crisis and paid for an extended stay. But instead of accommodating him, Nicolosi claims the Marriott staff abruptly removed him from their property without any warning, allegedly for upsetting guests by his appearance. Nicolosi claims the Marriott did not return his essential personal belongings to him including his anti-psychosis medication, his wallet, cash, credit cards, and driver's license. As a result, Nicolosi claims that he was left homeless on the streets of Irvine, California, in a compromised mental condition for two calendar days before law enforcement found him and transported him to a local hospital. Nicolosi claims the whole experience shattered his sense of safety and that he attempted suicide afterwards. Nicolosi is seeking $10 million in compensation. "It is frightening to think that any guest at a Marriott property could be treated as I was," commented Nicolosi. "As a result of this suit, I hope Marriott will consider how it treats its guests, so that nobody will - in the future - be treated this way. The sad fact is that the stigma of mental disability is still quite prevalent within society. We need any and all brands of this magnitude to be aware of and train their staff properly regarding the trait of compassion provided to those guests who may be suffering from such limitations within life as I do." The case is Steven Nicolosi v. Marriot International, Inc., et al. (Orange County Superior Court Case No. 30-2022-01269511-CU-CR-CJC).
Contact: Arthur Kim
Tel. (866) 582-1057
Email: [email protected]
SOURCE Arthur Kim Law Firm | https://www.prnewswire.com/news-releases/guest-sues-marriott-for-removing-him-from-hotel-during-mental-health-crisis-301598778.html | 2022-08-03T14:37:48 | en | 0.965217 |
LOS ANGELES (AP) — Donald Glover warned his fellow writers from the first day on “Atlanta” that the show would get canceled for what it was going to attempt.
He was wrong.
The buzzy FX series won Emmys and drew praise for its social commentary and experimentation that pushed boundaries when it debuted in 2016. The show begins its fourth and final season on Sept. 15. The premiere includes two episodes of the 10-episode season.
“I feel like this is probably the most grounded season. It explores people more than we have before,” Glover told a TV critics’ meeting Tuesday. “We’re right now kind of living in a time where you just don’t give people the benefit of the doubt so I feel like this is a good time to kind of explore that more.”
Glover writes, directs, executive produces and stars as Earn Marks, a Princeton dropout who manages his rapper cousin as they navigate the Atlanta rap scene.
The show’s run has been spread out, with FX citing scheduling conflicts for creating a wide gap between seasons two and three. The sophomore episodes concluded in May 2018, and season three debuted this past March.
“Our show started kind of punk, like no one cares about a lot of stuff,” Glover said. “That was my mindset anyway, but by the end we cared about a lot of stuff. A lot of our lives changed in a lot of ways so we kind of grew up. We ended up being a show about people and before it was about do people matter.”
The show has been criticized by some Black viewers, including those who claim it’s inauthentic about the Black experience, and Glover has been singled out for his depiction of Black female characters.
“I listen to the criticisms, but I’m also like the conversation isn’t as elevated as it should be,” Glover said. “This is such a Black show on a lot of levels. To say that it’s for white people is like we’re cutting ourselves down. It’s just sad to me mostly.”
Stephen Glover, who co-writes the show with his older brother, is bolstered by Black viewers he runs into telling him they’re inspired to “do cooler and weirder stuff” because of the show.
“For me that is the real kind of conversation that’s happening out there that I listen to,” he said. “I kind of get my feelings from the streets.”
Last season took place almost entirely in Europe and included four installments that focused on one-off characters, which drew mixed opinions from viewers. Some of that stand-alone element is back this fall, although the show returns to its home city.
“It felt for a lot of people like a step out of the way we do things, but for me it’s kind of like we’ve always done stuff like that,” Stephen Glover said. “Maybe people won’t hate us so much this time.”
A laughing Donald Glover added, “If the question is did we learn our lesson, the answer is no.” | https://cw33.com/entertainment-news/ap-entertainment/donald-glover-gets-grounded-on-final-season-of-atlanta/ | 2022-08-03T14:37:49 | en | 0.983291 |
You need to enable JavaScript to run this app. | https://sportspyder.com/nba/los-angeles-lakers/articles/40274725 | 2022-08-03T14:37:52 | en | 0.738227 |
Within days of bidding for spectrum in auctions, Bharti Airtel on Wednesday announced it has signed 5G network agreements with gear makers Ericsson, Nokia and Samsung to commence deployment this month.
Airtel highlighted its long-standing relationship for connectivity and pan-India managed services with Ericsson and Nokia while stating that partnership with Samsung will begin this year onwards.
The Sunil Mittal-led firm recently acquired 19,867.8 MHZ spectrum in 900 MHz, 1800 MHz, 2100 MHz, 3300 MHz and 26 GHz bands, bolstering its spectrum holding.
Bharti Airtel, which acquired spectrum worth ₹43,084 crore in the just-concluded auction, had said it is well-positioned to usher in the 5G revolution in India.
Gopal Vittal, CEO of Airtel, said, "We are delighted to announce that Airtel will commence roll out of 5G services in August."
Vittal said the network agreements are finalised and Airtel will work with the best technology partners from across the world to deliver the full benefits of 5G connectivity to its consumers.
"India's transition into a digital economy will be led by telecom and 5G presents a game-changing opportunity to drive the digital transformation of industries, enterprises and the socio-economic development of India," Vittal added.
Choice of multiple partners would enable Airtel to roll out 5G services spanning ultra-high-speeds, low latency and large data handling capabilities, the company said.
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- Please use a genuine email ID and provide your name, to avoid rejection. | https://www.thehindubusinessline.com/info-tech/airtel-to-rollout-5g-services-in-august-inks-pacts-with-ericsson-nokia-samsung/article65721180.ece | 2022-08-03T14:37:53 | en | 0.931436 |
NEW YORK, Aug. 3, 2022 /PRNewswire/ -- The healthcare logistics market in Canada is fragmented. The vendors are deploying various organic and inorganic growth strategies to compete in the market.
The healthcare logistics market size in Canada is expected to grow by USD 926.56 mn from 2020 to 2025. In addition, the growth momentum of the market will accelerate at a CAGR of 6.44% during the forecast period.
Get a comprehensive report summary describing the market size and forecast along with research methodology. The FREE sample report is available in PDF format
Healthcare Logistics Market in Canada 2021-2025: Scope
The healthcare logistics market in Canada report covers the following areas:
- Healthcare Logistics Market in Canada Size
- Healthcare Logistics Market in Canada Trends
- Healthcare Logistics Market in Canada Industry Analysis
Healthcare Logistics Market in Canada 2021-2025: Vendor Analysis
Air Canada, AmerisourceBergen Corp., Andlauer Healthcare Group Inc., Deutsche Post AG, FedEx Corp., Kuehne Nagel International AG, Purolator Inc., SCI Group Inc., TFI International Inc., and United Parcel Service Inc. are among some of the major market participants. The key offerings of some of these vendors are listed below:
- Air Canada - The company offers healthcare logistics such as AC absolute and AC pharmacair.
- AmerisourceBergen Corp. - The company offers refrigerated containers, namely Cocoon, under healthcare logistics.
- Andlauer Healthcare Group Inc. - The company offers refrigerated containers, namely Accuristix, ATS Healthcare, and MEDDS, under healthcare logistics.
- Deutsche Post AG - The company offers DHL Air Thermonet, DHL Ocean Thermonet, DHL Freight Coldchain, and DHL Medical Express for healthcare logistics.
- FedEx Corp. - The company offers cold shipping boxes, temperature-controlled solutions, and medical shipping services for healthcare logistics.
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Healthcare Logistics Market in Canada 2021-2025: Driver and Challenge
The legislative and regulatory changes supporting pharma growth are driving the market. The Government of Canada has enforced insurance schemes to ensure basic healthcare coverage and easy payment of personal medical expenses. This will make medical care facilities more accessible and less expensive for citizens. Such regulations reduce the costs of drugs and make them more accessible to the public, thereby driving the sales of drugs.
The shortage of drivers resulting in higher lead time will challenge the healthcare logistics market in Canada. There is a shortage of skilled truck drivers in the overall logistics market in Canada, which can result in supply chain disruptions and delayed planned expansions. Moreover, with the rising geriatric population in the country, the availability of experienced drivers is also expected to reduce further in Canada. This is leading to a rise in the demand-supply disparities for skilled truck drivers.
Healthcare Logistics Market in Canada 2021-2025: Segmentation
- Product
- Pharmaceutical Products
- Medical Devices
- Service
- Transportation
- Warehousing
Healthcare Logistics Market in Canada 2021-2025: Revenue-generating Product Segments
The pharmaceutical products segment will have significant market share growth during the forecast period. The increasing development in biopharmaceuticals will fuel the demand for cold chain logistic networks. The growing aging population and a rising number of patients with chronic diseases in the country have increased healthcare spending in the country.
Healthcare Logistics Market in Canada 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist healthcare logistics market growth in Canada during the next five years
- Estimation of the healthcare logistics market size in Canada and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the healthcare logistics market in Canada
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of healthcare logistics market vendors in Canada
Related Reports
Healthcare Logistics Market in North America by Product, Service, and Geography - Forecast and Analysis 2021-2025
Pharmaceutical Logistics Market in North America by Application and Geography - Forecast and Analysis 2021-2025
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Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Pharmaceutical products - Market size and forecast 2020-2025
- Medical devices - Market size and forecast 2020-2025
- Market opportunity by Product
Market Segmentation by Service
- Market segments
- Comparison by Service
- Transportation - Market size and forecast 2020-2025
- Warehousing - Market size and forecast 2020-2025
- Market opportunity by Service
Customer landscape
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Air Canada
- AmerisourceBergen Corp.
- Andlauer Healthcare Group Inc.
- Deutsche Post AG
- FedEx Corp.
- Kuehne Nagel International AG
- Purolator Inc.
- SCI Group Inc.
- TFI International Inc.
- United Parcel Service Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio | https://www.prnewswire.com/news-releases/healthcare-logistics-market-in-canada-to-record-a-cagr-of-6-44-legislative-and-regulatory-changes-supporting-pharma-growth-is-a-key-driver---technavio-301598687.html | 2022-08-03T14:37:54 | en | 0.897446 |
1. “America’s Got Talent” (Tuesday), NBC, 6.47 million.
2. “60 Minutes Presents,” CBS, 6.04 million.
3. “Celebrity Family Feud,” ABC, 4.53 million.
4. “Big Brother” (Sunday), CBS, 4.07 million.
5. “America’s Funniest Home Videos,” ABC, 4.01 million.
6. “The $100,000 Pyramid,” ABC, 3.96 million.
7. “Big Brother” (Wednesday), CBS, 3.77 million.
8. “FBI,” CBS, 2.58 million.
9. “Big Brother” (Thursday), CBS, 3.55 million.
10. “Press Your Luck,” ABC, 3.49 million.
11. “The Neighborhood,” CBS, 3.39 million.
12. “Tucker Carlson Tonight” (Monday), Fox News, 3.29 million.
13. “The Bachelorette,” ABC, 3.19 million.
14. “Young Sheldon,” CBS, 3.17 million.
15. “FBI: Most Wanted,” CBS, 3.15 million.
16. “Generation Gap,” ABC, 3.09 million.
17. “Tucker Carlson Tonight” (Thursday), Fox News, 3.09 million.
18. “Tucker Carlson Tonight” (Wednesday), Fox News, 3.03 million.
19. “Bob Hearts Abishola,” CBS, 3.02 million.
20. “Celebrity Wheel of Fortune,” ABC, 3.02 million.
LOS ANGELES (AP) — | https://cw33.com/entertainment-news/ap-entertainment/prime-time-network-cable-viewership-for-the-week-of-july-25/ | 2022-08-03T14:37:56 | en | 0.757946 |
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Notwithstanding the management commentary, top IT companies — TCS, Wipro, HCL and Infosys — are seeing the early impact of the looming recession on new deal additions for the first quarter of fiscal 2023. According to an analysis by credit rating agency CareEdge during Q1 FY23, there has been a slowdown in client addition (in greater than $1-million segment) to 60 in the June quarter compared to 91 client additions in the same segment in Q1 FY22.
Other early examples of deal slowdown include the fact that there has been a major slowdown in new deals coming from very high-value clients ($100 million and above).
Higher base effect
Deals over $10 million and above are contributing majorly to the growth in business seen in Q1. “In greater than $10-million bucket, 21 clients were added in Q1 — which compares with 22 clients added in the full FY21 marred by Covid-19 pandemic. Also, from a mix perspective, this bucket of $10 million and above contributed around more than one-third of all client additions in $1 million and above bucket for Q1 — this trend is similar to the one seen in full year FY22 wherein, more than one-third of total client additions in the category where of deal size greater than $10 million,” noted Swati Singh, Research Advisory Operations Analyst at CareEdge.
Singh partly attributes the slowdown in deal additions for $1 million and above clients to a higher base effect from the sudden post-pandemic ramp-up in Q1 FY22. Singh notes that sequentially as well, there has been an addition of 42 new clients in Q1 FY23, notwithstanding the fact that Q4s are weak from a seasonal perspective. Overall, the growth has been broad-based across all verticals, with BFSI continuing to have the largest share of client additions of one million plus deals.
FY23 outlook
For the highest value clientele ($100 million and above), Singh noted, “There is indeed a slowdown seen in Q1. Compared to 7–10 per cent of overall client additions being in the greater than $100-million bucket during FY22, in Q1 FY23, large clients constituted only around 5 per cent of all client additions in $1 million and above bucket.”
While CareEdge expects part of the client addition boom from FY22 to continue into FY23 as well, they “expect the broad trends in demand outlook and technology-driven spending to continue during FY23, however, uncertainties arising from global macro-economic slowdown and currency volatility can potentially play a spoilsport with respect to corporations spending on technology and may lead to postponing some of these spends,” Singh explained.
Attrition concerns
With significantly increased attrition levels across most players, there has been a surge in employee costs, Singh continued, adding that it will potentially impact the operating margins of the players. The impact of rising attrition levels was seen in the operating margins for Q1 FY23 as well, although most companies noted that the impact on margins has bottomed out and growth in operational margins is expected soon. Given the macro uncertainties, however, most companies did not commit a timeline for an uptick in operational margins.
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Company's Third "Forbes Best Employer" Designation Since 2021
CHICAGO, Aug. 3, 2022 /PRNewswire/ -- Help at Home, the largest national provider of in-home, personal care services for seniors, announced today that it has been named #14 on Forbes 2022 List of America's Best Employers for Women. The just-released Forbes list names Help at Home as one of the top on its list of 400 best employers for women in the country. The designation comes from data from more than 30,000 employees working for companies employing at least 1,000 people in the U.S.
"We're sincerely honored to be named by Forbes as one of its top ranking Best Employers for Women," said Help at Home CEO Chris Hocevar. "We're focused on elevating our employees and caregivers – a great majority of whom are women. By providing the support mechanisms they need, we ensure they have the best work environment possible, empowering them to do what they are so passionate about, every day."
Read the Forbes article here. This Forbes designation is the third such "Best Employer" designation Help at Home has received since 2021. Help at Home was named as one of Forbes Best Employers for New Grads, as well on the Forbes list for Best Employer in Illinois and in Indiana.
Brittany Gonzales, is one of Help at Home's 50,000 employees and serves as a quality administrator. She joined the company as a caregiver and credits the organization's flexible scheduling to allow her to work part-time and complete her undergraduate degree and in pursuit of her master's degree. "Without the ongoing support of my supervisors and colleagues, I would not be where I am in my career today and I'm so excited about my future with this organization," she said.
Help at Home is the largest national provider of in-home, personal care services, delivering high-quality, relationship-based care services to help seniors and individuals living with disabilities in their homes, the preferred setting of care. During the second quarter of 2022, Help at Home, with more than 190 branch locations across 11 states, provided in-home, community-based services to more than 65,000 clients monthly with the help of 47,000 highly trained caregivers. For more information about Help at Home, visit www.helpathome.com.
The Best Employers for Women were selected based on Statista's innovative methodology, guaranteeing unbiased results and providing reliable insights. Over 30,000 U.S. employees were surveyed in companies with a minimum of 1,000 employees to identify The Best Employers for Women. Read the Report here.
Kristen Trenaman
VP of Public Relations
[email protected]
Contact: 502-445-4126
SOURCE Help at Home | https://www.prnewswire.com/news-releases/help-at-home-named-by-forbes-as-one-of-americas-best-employers-for-women-301598817.html | 2022-08-03T14:38:01 | en | 0.969571 |
NEW YORK (AP) — Producer Janet Yang has been elected president of the Academy of Motion Picture Arts and Sciences, the group’s board of governors announced Tuesday, making her the first Asian American to lead the film academy.
Yang, the 66-year-old producer of “The Joy Luck Club” and “The People vs. Larry Flynt,” becomes the fourth woman to lead the organization behind the Oscars. Elected by the academy’s 54-member board, Yang succeeds outgoing president David Rubin, the veteran casting director, who is stepping down after three years due to term limits.
Along with academy chief executive Bill Kramer, the former Academy Museum director who was named to the post in June, Yang will be tasked with shepherding the academy through continued evolution in the film industry and with stabilizing the Academy Awards, which in recent years have been beset by scandal and declining ratings.
The Queens-born Yang, a daughter of Chinese immigrants, has long been a significant figure in Hollywood’s Asian American community. She has served on the academy’s board of governors since 2019 as one of three governors-at-large who were added following the #OscarsSoWhite scandal to help boost inclusion in the film academy.
Yang, an executive producer of the 2020 Oscar-nominated animated film “Over the Moon,” is just the second person of color to be the academy’s president, following Cheryl Boone Isaacs. She also co-chairs the academy’s Asian Affinity Group.
“Janet is a tremendously dedicated and strategic leader who has an incredible record of service at the academy,” Kramer said in a statement. “She has been instrumental in launching and elevating several academy initiatives on membership recruitment, governance, and equity, diversity, and inclusion.”
After several years of declining ratings, March’s Oscar broadcast drew a larger audience than 2021′s show, but i ts 16.6 million viewers was still the second-smallest on record. The telecast, of course, was marred by Will Smith slapping Chris Rock on stage. Smith has since resigned his academy membership, and was banned from attending any academy event for the next decade. | https://cw33.com/entertainment-news/ap-entertainment/producer-janet-yang-elected-president-of-film-academy/ | 2022-08-03T14:38:03 | en | 0.978646 |
You need to enable JavaScript to run this app. | https://sportspyder.com/nba/los-angeles-lakers/articles/40274907 | 2022-08-03T14:38:04 | en | 0.738227 |
Freshworks Inc has reported over a 10-fold increase in net loss to $67 million in the second quarter ended June 30 as against $6-million loss in the year-ago period. Total revenue was up 37 per cent at $121.4 million ($88 million).
The increase in net loss was due to operating expenses more than doubling to $164.4 million ($76 million). Operating expenses increased in all the three categories — research and development; sales and marketing; and general and administrative — according to a statement.
Tyler Sloat, CFO, Freshworks, told analysts that the annual merit cycle takes effect during Q2 every year, resulting in higher personnel costs. And this drove the majority of the increase in all three expense categories. Additionally, for sales and marketing, there were increases in travel activity, field marketing initiatives and in-person events, including the Global Jam event, which contributed to higher expenses.
“We are maintaining our operating loss estimates for the full year. While we may see higher costs in certain areas, we plan to manage the business overall to deliver on our efficiency goals for the year,” Sloat said.
Long-term growth
“We delivered a solid Q2 with 40 per cent year-on-year revenue growth on a constant currency basis,” said Girish Mathrubootham, CEO and founder of Freshworks. “In a changing macro environment, our products will continue to provide incredible value and drive long-term growth.”
For the full year 2022, the company expects revenue to be in the range of $493-497 million, growing 33 per cent to 34 per cent y-o-y. Net loss to be in the range of $42.5-38.5 million, said the release.
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LONDON (AP) — British prosecutors have charged a man with intending to “injure or alarm” Queen Elizabeth II after he was arrested at Windsor Castle on Christmas Day.
Jaswant Singh Chail, 20, has been charged under the Treason Act after allegedly being caught with a crossbow on the palace grounds.
Chail, from Southampton, has been charged with “discharging or aiming firearms, or throwing or using any offensive matter or weapon, with intent to injure or alarm her Majesty.” That is an offense under section 2 of the Treason Act of 1842. He has also been charged with threats to kill and possession of an offensive weapon.
Chail is in custody and will appear before Westminster Magistrates’ Court on Aug. 17. | https://cw33.com/entertainment-news/ap-entertainment/uk-authorities-charge-man-arrested-at-castle-with-crossbow/ | 2022-08-03T14:38:09 | en | 0.965658 |
Global aviation software provider Ramco Systems Corporation, USA (RSC) is expanding its footprint into the North American defence market. With the recent establishment of its US based, wholly owned subsidiary – Ramco Systems Defense and Security Incorporated (RSDSI), the Chennai-based software company on Wednesday announced the opening of new offices for RSDSI in Dallas and Washington D.C.
As part of the new defence entity, Ramco has hired US military and US defence industry veterans to lead the defence-focused organisation. Robert Sprigg (USN RADM ret.) leads as the President of RSDSI, and Rod Rodríguez (USAF Lt Col ret.) joins as Vice President of Business Development, says a company release.
Growth in the US defence segment
Having witnessed significant growth in the US defence segment, Ramco Systems Corporation is serving major US defence prime contractors providing services across the Department of Defence, ranging from depot maintenance, aircraft fleet management for In-Service aircraft, Government facility management, adversary air services and pilot training, logistics and sustainment support for aircraft in the field, and MRO activities with its aviation MRO software. With RSDSI the company will now be well positioned and equipped to support the existing and new US Defense and Security customers, says a company release.
Manoj Kumar Singh, President Ramco Systems Corporation, USA, Chief Customer Officer – Aviation, Aerospace and Defence, Ramco Systems, said, “The formation of the Defence & Security organisation is a major milestone for Ramco Aviation, and a key structural investment for our growth in the US Defense market. There is a clear realisation in the market that while the security and defence compliance of the software is critical for entry into this segment, the real value comes from the functional and technical richness of the software that directly impacts the end goal of the US military – mission readiness of its aircraft fleet.
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CHICAGO, Aug. 3, 2022 /PRNewswire/ -- HVDC Capacitor Market is projected to reach USD 15.3 billion by 2030 from an estimated USD 5.2 billion in 2022, at a CAGR of 14.4% from 2022 to 2030, according to a new report by MarketsandMarkets™. The growth of the market can be attributed to the rising demand for RF tunable filters in aerospace & defense industry and escalating demand for software-defined radios to be deployed in military communication equipment.
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Ceramic capacitors are projected to register the highest CAGR during the forecast period
Ceramic capacitors can withstand variations in voltages. Hence, they find applications in resonant circuits in transmitting stations, bypass filters, oscillators, and coupling or decoupling applications. They are cost-effective and can be used to protect semiconductor devices that find applications in the automotive, transportation, consumer electronics, healthcare, energy and power, and telecommunications sectors. Hence, ceramic capacitors are projected to register the highest CAGR during the forecast period.
The pole-mounted capacitor banks are projected to register the highest CAGR in the HVDC capacitor market
The pole-mounted capacitor banks are projected to register the highest CAGR in the HVDC capacitor market. The growth can be attributed to the increased demand for these capacitor banks owing to several benefits, including easy installation and maintenance, less assembly, simple design, and cost-effectiveness. They are widely used in energy and power applications for transmitting power over long distances.
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Europe is projected to account for the largest global market share during the forecast period
Europe is projected to account for the largest global market share during the forecast period attributed to the robust presence of most market players, such as Eaton; LIFASA, International Capacitors, S.A.; ELECTRONICON Kondensatoren GmbH; CONDIS Group; API Capacitors Ltd.; Isofarad Ltd.; HVP High Voltage Products GmbH; and ZEZ SILKO, s.r.o. Europe, being a hub for several automotive companies, such as Mercedes-Benz, BMW Group, Audi AG, Bosch, Continental, and DAF Trucks, is one of the leading markets for HVDC capacitors.
Hitachi, Ltd. (Japan), General Electric Company (us), TDK Corporation (Japan), Eaton (US), KYOCERA Corporation (Japan), YAGEO Corporation (Taiwan), Vishay Intertechnology, Inc. (US), General Atomics (US), LIFASA, International Capacitors, S.A. (Spain), and ELECTRONICON Kondensatoren GmbH (Germany) are some of the key players in the HVDC capacitor market
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HVDC Transmission Market by Component (Converter Stations, Transmission Cables, and Others), Project Type (Point-to-Point, Back-to-Back, and Multi-Terminal), Technology (CCC, VSC, and lCC), Application, and Geography - Global Forecast to 2024
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SOURCE MarketsandMarkets | https://www.prnewswire.com/news-releases/hvdc-capacitor-market-worth-15-3-billion-by-2030--exclusive-report-by-marketsandmarkets-301598823.html | 2022-08-03T14:38:14 | en | 0.880696 |
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NICOSIA, Cyprus (AP) — The Cyprus Health Ministry said Tuesday that a 40-year-old man is the east Mediterranean island nation’s first confirmed monkeypox case.
The ministry said the case was detected after the man underwent a laboratory test at the Cypriot capital’s General Hospital. It said the individual has a history of travel abroad and has exhibited “clinical symptoms compatible the monkeypox disease.”
The patient has been admitted to a specially modified ward at Nicosia General Hospital for treatment of monkeypox cases. | https://cw33.com/health/ap-health/cyprus-announces-first-detected-monkeypox-case/ | 2022-08-03T14:38:16 | en | 0.945282 |
BSE reported a 23 per cent drop in net profit to ₹40 crore in the June quarter, against ₹52 crore logged in the same period last year, largely on a lower trading volume and higher operational cost.
Revenue from operations increased 19 per cent to ₹187 crore (₹157 crore). Ebitda was up 21 per cent at ₹50 crore (₹41 crore).
The stock exchange’s average daily turnover in the equity segment decreased by 28 per cent to ₹4,057 crore, as compared to the corresponding period last year.
The average daily turnover in the equity derivatives segment decreased by 62 per cent to ₹1.2 lakh crore as compared to the corresponding period last year.
BSE’s average daily turnover in the Currency Derivatives segment increased by 4 per cent to ₹24,567 crore.
The SME and Startup platforms completed 10 years of operations. The SME platform has helped 377 on the SME platform raise ₹4,011 crore, while 14 start-ups raised ₹61 crore. The market value of stocks listed on the SME platform was ₹47,929 crore and that of the start-up platform was ₹588 crore. BSE’s market share in the SME segment was 60 per cent.
The transactions on StAR MF, a platform for Mutual Funds distribution, grew 68 per cent to 5.9 crore.
The average daily turnover on the India International Exchange at IFSC was up at $9.94 billion and had market share of 92 per cent. The platform permits investment in more than 30,000 stocks across 33 countries and 135 exchanges across the US, Asia-Pacific, and Europe.
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The OPEC oil cartel and its allies decided on Wednesday to boost production in September by a much slower pace than in previous months at a time of high oil prices and unstable energy supplies exacerbated by the war Russia has waged on Ukraine.
The OPEC+ coalition said it will increase output to 1,00,000 barrels a day next month after raising it by by 6,48,000 barrels per day in July and August.
The group considered what effects staggering inflation and rising Covid-19 rates may have on global demand for fuel in the fall, with gasoline prices at the pump still high.
OPEC, led by Saudi Arabia, and its allies, led by Russia, curtailed production during the pandemic as oil prices and demand plummeted, and those cuts are due to expire in September.
The OPEC+ coalition has been gradually adding more oil and gas to the market as economies recovered.
Some OPEC nations, such as Angola and Nigeria, have been producing less than the agreed-upon amount.
Saudi Arabia and United Arab Emirates, on the other hand, have the capacity to increase production, although it's unclear if they will want to.
Russia's oil and natural gas exports to the world have declined as many nations imposed sanctions or curtailed buying from the major supplier due to its invasion of Ukraine.
Russia also has reduced or cut off natural gas to a dozen European countries, further driving up energy prices, squeezing people's spending power and threatening to cause a recession if nations can't stockpile enough gas to get through the winter.
It was the first official monthly meeting of the OPEC+ group since its leader, Mohammad Sanusi Barkindo, died at age 63 in his home country of Nigeria last month.
Haitham al-Ghais, a veteran of the Kuwait Petroleum Corporation, took over as secretary general of OPEC this week.
It was also OPEC's first meeting since US President Joe Biden visited Saudi Arabia last month, aiming to improve relations and hoping to encourage more oil production from the cartel.
There was no oil production agreement announced after the meeting, but Biden said he expected OPEC to take steps to increase production in the coming weeks.
The price of oil rose sharply after Russia invaded Ukraine in February. But it has fallen somewhat since OPEC last met.
In the US, a gallon of regular gasoline was selling for $4.19 on average Tuesday. That's substantially lower than in June, when the nationwide average surpassed $5 a gallon, but it's still painfully high for many frontline workers and families to afford and about 32 per cent higher than what drivers were paying a year ago.
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WASHINGTON (AP) — President Joe Biden’s “loose cough” has returned as he faces a rebound case of COVID-19, his doctor said Tuesday, though he “continues to feel well.”
White House physician Kevin O’Connor provided the update on the president’s condition as he continues to test positive for the virus. He said Biden “remains fever-free,” and that his temperature, pulse, blood pressure, respiratory rate and oxygen saturation “remain entirely normal.”
Still, Biden is required to remain in isolation through at least Thursday under Centers for Disease Control and Prevention guidelines — and perhaps longer under tougher White House protocols if he continues to test positive.
Biden’s rebound case — labeled such because he tested positive on Saturday just three days after being cleared from isolation during his initial bout of the virus with two negative tests last Tuesday and Wednesday — has left him eager to return to a normal schedule.
During his first go-around with the virus, Biden, 79, was treated with the antiviral drug Paxlovid, and his primary symptoms were a runny nose, fatigue and a loose cough, his doctor said at the time. | https://cw33.com/health/ap-health/doctor-bidens-covid-symptoms-return-in-good-spirits/ | 2022-08-03T14:38:23 | en | 0.978068 |
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Kotak Investment Advisors Ltd (KIAL) has announced the launch of Kotak India Alternate Allocation Fund, a Fund of Funds (FoF), to invest in other Private Equity (PE), Venture Capital (VC) funds coupled with direct investments into companies.
The fund targets to raise ₹1,500 crore, including a green-shoe option of ₹750 crore. The fund’s objective is to diversify across PE/VC funds in multiple sectors, including consumer, technology, healthcare, financials, etc, as well as across multiple stages, from early stage to growth stage and late stage across different vintages.
‘Vintage’ refers to the first year the fund starts investing in companies. The fund also intends to invest some portion into co-investment opportunities available from such investee funds.
Access to multiple funds
Nidhi Chawla, Fund Manager, Kotak India Alternate Allocation Fund, said, “Investors require an optimal alternate equity portfolio through diversification, right fund manager access and professional selection. Through Kotak’s FoF, we intend to provide investors access to multiple funds as well as leverage our institutional diligence with peer benchmarking data available, coupled with institutional monitoring of long-tenure funds.”
“The performance difference between best and worst fund managers in PE/VC funds can be as high as 15- 20 per cent IRR, so manager selection is critical,” added Chawla.
Srini Sriniwasan, Managing Director, KIAL, said, “Indian alternate ecosystem has become vibrant with PE/VC fund managers delivering consistent returns and outperformance over public benchmarks. But many of the marquee fund managers have been inaccessible to domestic investors as they raised only offshore capital or had high minimum ticket investment requirements. With Kotak’s FoF, we intend to enable access to such funds and increase domestic overall participation in the Indian alternates industry”.
Kotak India Alternate Allocation Fund is set up as an Alternative Investment Fund under SEBI regulations, managed by KIAL, the alternate asset management arm of the Kotak Mahindra Group.
KIAL has, till date, raised/managed/advised in aggregate over $5.7 billion across different asset-classes including private equity funds, real estate funds, infrastructure funds, special situations fund, listed strategies and investment advisory, all led by independent investment teams.
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TAMPA, Fla., Aug. 3, 2022 /PRNewswire/ -- Immunologix Laboratories announced today that Dr. Corinna Fiorotti has been appointed Chief Commercial Officer. An experienced science and business leader, Dr. Fiorotti assumed responsibilities on August 1, 2022 and will oversee all aspects of Immunologix Laboratories commercial function, including business development, marketing, and commercial growth
"We are fortunate to have someone of Dr. Fiorotti's caliber and experience step up to lead the commercial operation, including the business development team, at Immunologix" said Michael Anderson, President and CEO. "Corinna is strategically positioned for the role of CCO as she has a deep understanding of our business from both the scientific and business points of view and brings a strong track record of business success. As a member of our unique Translational Sciences team at Immunologix for the past 2 years, Dr. Fiorotti has built an in-depth understanding of our services and the market. She is a strong communicator who is customer focused and possesses operational and leadership capabilities to successfully execute on the company's strategy and growth plans"
Dr. Fiorotti holds a Ph.D. in Microbiology and Immunology and has worked in drug development for 19 years, with combined experience from both Sponsor and CRO organizations. She therefore brings a comprehensive perspective to the business development endeavors at Immunologix and is uniquely positioned to serve as CCO.
Fiorotti said, "I am honored and excited to lead the commercial team at Immunologix Laboratories. It is a privilege to be part of an organization that delivers such high caliber bioanalytical and biomarker services and innovative scientific solutions to our clients to help them bring lifesaving therapies to patients. Immunologix has an exceptional scientific team that is truly passionate about the work we do. Our culture is built around a commitment to high quality science for our clients and providing scientific growth opportunities for our staff. We are an organization led by purpose, to make a positive, meaningful impact on the client projects that we support and thereby to improving the lives of patients."
Founded in 2012, Immunologix Laboratories is a contract research organization located in Tampa FL that offers GLP and GCP compliant laboratory capabilities focused on ligand binding-based bioanalysis specializing in pharmacokinetic, immunogenicity, and biomarker assays in support of preclinical and clinical studies. Immunologix Translational Sciences Division provides dedicated scientific resources to advise, develop, and implement scientific strategies and practical solutions for innovator development programs.
Name: John Ryan
Job Title: Executive Director, Business Development
Email address: [email protected]
Website: https://www.immunologixlabs.com/
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Fintech company BharatPe, , announced the appointment of Nalin Negi as Chief Financial Officer.
Negi will spearhead the finance function for BharatPe and will work towards making the company’s EBITDA positive by March 2023. Negi will also work with the board of BharatPe to help catapult growth across business lines.
“The company has become a preferred and trusted partner for millions of offline merchants in just four years of launch. It has been the flagbearer for digital payments in India and has also been at the forefront of solving the credit gap for small and medium-sized enterprises and offline retailers in the country, having closed over ₹3,600 crore in total loans facilitated in the first quarter of FY23. The next couple of years is exciting as the company aims to hit profitability and go public and build India’s first truly digital bank,” said Negi.
.
This is the second leadership announcement for BharatPe this year. In April, the company announced the appointment of Smriti Handa as Chief Human Resources Officer.
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INDIANAPOLIS (AP) — Doctors fear they could face criminal charges when they provide emergency treatment for pregnant women if a proposal aimed at banning nearly all abortions in Indiana becomes law, several physicians told state lawmakers Tuesday.
That testimony came after an Indiana House committee changed the abortion ban proposal narrowly approved over the weekend by the Republican-dominated state Senate. The committee broadened the language to include an exception allowing abortions to protect the health of the mother and adjusted the time frame when abortions would be permitted in cases of rape and incest.
Republican Rep. Wendy McNamara of Evansville, who is sponsoring the bill, outlined the exceptions to protect the physical health and life of the mother, a frequent request among doctors and others testifying before a Senate committee last week. The amendment also would allow abortions if a fetus is diagnosed with a lethal anomaly.
It additionally removes the Senate-approved time frames based on age for abortions in cases of rape or incest — up to 12 weeks for those under 16 and eight weeks for those 16 and older. The House version, instead, would create a blanket ban after 10 weeks post-fertilization on abortions in cases of rape and incest. Victims would also no longer be required to sign a notarized affidavit attesting to an attack.
Several dozen people on both sides of the abortion debate filled a Statehouse corridor outside the committee’s meeting that lasted about nine hours, during which chants such as “safe and legal” from abortion-rights supporters could be heard inside as more than 100 people testified.
The House committee voted 8-5 to advance the bill to the full House for action later this week. Republicans who control the House indicated a divide similar to the Senate, as one committee member who voted in favor said he was reluctant to support rape and incest exceptions. GOP Rep. Cindy Ziemke of Batesville joined Democrats in voting against the bill, saying she believe most residents didn’t support an abortion ban and that allowing first trimester abortions would be a more “measured approach.”
Dr. Daniel Elliott, representing the Indiana chapter of the American College of Emergency Physicians, told the committee that the group worried that a broad abortion ban could allow prosecutors to second-guess the emergency decisions of doctors, leaving them exposed to criminal charges.
The House proposal would require the state medical board to revoke the licenses of doctors found to have performed illegal abortions, along with retaining current provisions in state law under which doctors could face felony criminal charges and up to six years in prison for performing an illegal abortion.
“In emergency situations, physicians often work with a lack of complete information and must make quick decisions in the best interests of our patients,” Elliott said. “Overall, we feel like licensure and going to the medical licensing board is where the gray areas within medicine should lie.”
The Indiana proposal followed a political firestorm over a 10-year-old rape victim who traveled to the state from neighboring Ohio to end a pregnancy. The case gained wide attention when an Indianapolis doctor said the child had to travel to Indiana because a new Ohio law bans abortions if cardiac activity can be detected in an embryo or fetus, usually around six weeks of pregnancy.
Anti-abortion activists said they were offended that women from Ohio and Kentucky were coming to Indiana for abortions after strict laws took effect in those states following the U.S. Supreme Court’s decision overturning Roe v. Wade. They said Indiana shouldn’t allow any exceptions, arguing all abortions are “murder” and “evil” and that the state law declaring life begins at fertilization should be strictly enforced.
Jodi Smith, a lobbyist for the anti-abortion group Indiana Right to Life, said the organization remained opposed to the proposal because it is too lax. Smith said a signed affidavit should still be required for rape or incest exceptions and criticized the proposal’s language allowing abortions to protect the mother’s health as “very vague and poorly defined.”
“The concern is that will either open carte blanche of opportunity for abortion-minded doctors, or it could ensure that good doctors that need more clarity don’t know what the allowable procedures are, and they will hesitate,” Smith said. “Either option, it ends poorly for women.”
House Republicans are facing similar disagreements over how strict the abortion ban should be after the bill cleared the Senate on Saturday in a 26-20 vote, the minimum number of votes needed to pass. A few Republican senators said they opposed the bill as written but wanted the bill to stay alive for consideration during the special legislative session, which must adjourn by Aug. 14.
___
Arleigh Rodgers is a corps member for the Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues. Follow her on Twitter at https://twitter.com/arleighrodgers
___
Find AP’s full coverage of the overturning of Roe v. Wade at: https://apnews.com/hub/abortion | https://cw33.com/health/ap-health/indiana-house-proposes-new-changes-to-senates-abortion-ban/ | 2022-08-03T14:38:36 | en | 0.958741 |
Combination of Gladstone's wealth management expertise and Integrity's strength in insurance will empower agents and advisors to deliver more holistic solutions for life, health and wealth
DALLAS, Aug. 3, 2022 /PRNewswire/ -- Integrity Marketing Group, LLC ("Integrity"), a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, today announced it has entered into an agreement to acquire Gladstone Wealth Partners, LLC ("Gladstone"), a pioneering wealth management firm and registered independent advisor (RIA) with over $13 billion in assets under management. As part of the acquisition, Robert Hudson, Founder and Chairman of Gladstone Wealth Partners, and Richard Frick, CEO of Gladstone Wealth Partners, will become Managing Partners in Integrity. Financial terms of the acquisition were not disclosed, and the transaction is scheduled to close upon regulatory approval.
In 2012, Hudson founded Gladstone Wealth Partners to fill critical gaps in service and support he had personally encountered as an independent financial advisor. Today, Gladstone is a respected hybrid wealth-management platform offering an open architecture, multi-custodial RIA platform and access to a full-service broker-dealer offering. Guided by executives with unmatched experience from wirehouses, independent enterprises and leading financial institutions, Gladstone advisors stay closely connected to senior leadership while building and growing their own firms. Advisors are empowered to develop and execute financial plans designed to build long-term wealth for clients. In turn, Gladstone helps mitigate advisor risk and simplifies the transition to independence by centralizing business functions, such as compliance, marketing and operations. Having experienced impressive and consistent growth, Gladstone advisors now oversee more than $13 billion in assets under management. Additionally, they have achieved steady and significant expansion in their assets, resulting in a remarkable 108% compound annual growth rate (CAGR) over the past three years.
"Successful financial planning should holistically include life, health and wealth solutions, to help clients pursue their lifelong financial goals," shared Bryan W. Adams, Co-Founder and CEO of Integrity. "The addition of Gladstone Wealth Partners to the Integrity family means that we can serve the life, health and wealth needs of Americans better than ever before as we help them plan for the good days ahead. Rob Hudson and Rick Frick are dynamic and forward-thinking leaders who recognize the power of comprehensive planning like few others. Their spirit of innovation will fit in perfectly at Integrity, and we're honored to welcome them into our expanding network of partners. Gladstone's wealth management expertise combined with Integrity's strength in marketing, technology and product distribution will give rise to far-reaching new solutions. The impact we'll make together will change our clients' lives for the better."
"Just like Integrity, we understand that advisors need specialized support as independent advocates for their clients — and we're dedicated to ensuring their success," explained Hudson. "Through this partnership, we can deliver enhanced technology and a full suite of products and services to our advisors in order to meet the spectrum of clients' needs now and well into the future. Integrity and Gladstone are building a life, health and wealth offering that is unique in the market. I believe we will fundamentally transform many core aspects of financial planning, and I can't wait to get started."
Through Integrity's insurtech platform, Gladstone will have access to robust technology optimized by deep data insights and constant product development. The Integrity platform includes proprietary resources, such as actionable lead generation systems, real-time quoting and enrollment solutions, and powerful software solutions for everyday and nuanced challenges. Gladstone advisors can leverage the scale of a larger organization by utilizing Integrity's business infrastructure to further streamline business services and administration. Centralized offerings include People & Culture, Technology & Innovation, Legal & Compliance, and access to a world-class advertising and marketing platform.
"At Gladstone, we empower advisors to grow from a practice into a firm and ultimately, to be part of an enterprise that brings the full resources of Wall Street to Main Street," explained Frick. "The true power of this partnership is in how it will enhance our ability to deliver comprehensive planning to more Americans faster than we ever could on our own. Gladstone is growing by over 100% a year, and by partnering with Integrity, we believe our growth will accelerate even faster as more advisors catch the vision of serving the full scope of client needs — from life and health insurance to protecting assets and planning for a secure retirement. Through this transaction, many of our existing Gladstone advisors will become equity owners in Integrity, which will enable them to participate in the future appreciation of our combined business. Recruiting and serving the industry's premier financial advisors has always been a core strength of ours and I have never been more excited about the future of our business, our partners, our advisors and their clients than I am today."
Gladstone's leadership team is a welcome addition to Integrity's extensive and diverse partner network. Hudson and Frick join the elite ranks of fellow industry icons who are deeply committed to innovating insurance and wealth management through data insights and experience-based collaboration. Their commitment has refined best practices and shaped strategies that streamline and improve processes for agents and advisors, and more holistically protect the life, health and wealth of consumers.
"At Integrity, our goal is to help all Americans make the most of what life brings," said Tom Dempsey, Chief Distribution Officer at Integrity. "Rob and Rick have built an incredible platform that provides their advisors with the resources and support they need to help clients make the most of their assets and fund the retirement they deserve. Bringing Gladstone into the Integrity family gives us the opportunity to serve more advisors and their clients. There is a huge need for comprehensive wealth management and financial planning in America today, and Integrity and Gladstone are well positioned to meet it together."
Through this partnership, Gladstone employees also receive the remarkable benefit of meaningful company ownership through Integrity's Employee Ownership Plan.
"Though we started in different market segments, the business models and missions of Gladstone and Integrity are very similar — providing Americans with peace of mind by supporting the agents and advisors who serve them," continued Bryan W. Adams. "This partnership will be a powerful catalyst for incredible collaboration among agents and advisors from both organizations as we work to address comprehensive life, health and wealth protection. We've arrived at a historic moment where two essential industries come together as one, and we are thrilled that Gladstone is joining Integrity to better serve all Americans with holistic planning."
Ardea Partners served as exclusive financial advisor to Gladstone.
For more information about Gladstone Wealth Partners' decision to partner with Integrity, please view a video at www.integritymarketing.com/Gladstone.
Integrity, headquartered in Dallas, Texas, is a leading distributor of life and health insurance, and provider of innovative solutions for wealth management and retirement planning. Through its partner network, Integrity helps millions of Americans protect their life, health and wealth with a commitment to meet them wherever they are — in person, over the phone and online. Integrity's cutting-edge technology helps streamline the insurance and financial planning experience for all stakeholders. In addition, Integrity develops products with carrier partners and markets them through its nationwide distribution network. Integrity's nearly 6,000 employees work with approximately 500,000 agents and advisors who serve more than 11 million clients annually. In 2022, Integrity will help carriers place almost $20 billion in new sales and oversee more than $30 billion of assets under management and advisement through its RIA and broker-dealer platforms. For more information, visit www.integritymarketing.com.
Gladstone Wealth Partners was founded in 2012 and launched its RIA in 2015. It has expanded to now oversee more than $13 billion in assets under management, led by their leadership team consisting of Robert Hudson, Richard Frick, Keith Brothers, Kristopher Bonocore and Phil Marchetti. As one of the fastest growing hybrid RIAs in the wealth management industry, Gladstone is known for assisting advisors as they set up and establish their own independent advisory practice. This includes helping advisors better serve their clients, run their businesses more profitably, grow faster and enhance their enterprise value. For more information, visit www.gladstonewealth.com.
SOURCE Integrity Marketing Group, LLC | https://www.prnewswire.com/news-releases/integrity-expands-comprehensive-life-health-and-wealth-platform-with-monumental-agreement-to-acquire-gladstone-wealth-partners-301598759.html | 2022-08-03T14:38:39 | en | 0.960575 |
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Bluecopa, a finance operations automation platform, has raised $2.3 million in seed round of funding led by Blume Ventures.
The round saw participation from Titan Capital, T-Fund, Speciale Invest, Bharat Founders Fund, T2D3, Amplify, and Force Ventures. Others who participated in the funding round included Krish Subramanian, Rajaraman Santhanam (Chargebee), Rohit Chennamaneni (Darwinbox), Asad Khan and Jay Singh (Lambdatest).
Funds raised will be used to enhance the platform’s capabilities, hire talent and grow the company’s consumer base.
Satya Prakash, Co-founder, Bluecopa, said, “Bluecopa supports the 10 million finance community across the globe to significantly reduce time to decision cycles and focus on the numbers that matter.”
Bluecopa was founded in 2021 by Raghavendra Reddy, Satyaprakash Buddhavarapu, and Nilotpal Chanda. It caters to enterprises across the globe with a vision to free up finance teams and empower them to focus on strategic finance.
Anirvan Chowdhury, Blume Ventures, said, “Having the right financial observability and signals is mission critical for companies with high transaction volumes in today’s age. We really loved Bluecopa’s data-infra-focused approach to solving this critical problem for finance teams, which will be their key differentiator.”
Traditionally, finance operations and automation tools have been seen as table stakes, but not drivers of the bottom line or top line. The next generation of such solutions will change this paradigm and it is a massive market opportunity, said the company.
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Washington (AP) — The number of people living in America without health insurance coverage hit an all-time low of 8 percent this year, the U.S. Department of Health and Human Services announced Tuesday.
“Every American has the right to the peace of mind that comes with access to affordable, quality health care,” President Joe Biden said in a statement Tuesday about the record-low rate of uninsured Americans.
The findings come days after Democrats hammered out a 725-page climate, health care and tax deal that would extend generous federal subsidies for people who buy private health insurance that are credited with driving down the uninsured rates. Democrats have proposed spending $64 billion to extend those price breaks for three more years.
The drop in uninsured Americans began last year, when Congress and Biden signed off on a $1.9 trillion coronavirus relief bill that lowered premiums and out-of-pocket costs for new or returning customers purchasing plans through the Affordable Care Act’s private health insurance markets.
The uninsured rate fell to just under 9 percent last year with the improved subsidies. The Biden administration also began to step up advertising and increased the number of counselors who helped sign up people for plans during the open enrollment season last year.
Prior to last year, the uninsured rate had consistently remained in the double digits for decades. The number of uninsured Americans began dropping after the ACA, which expanded Medicaid and offers health insurance to people who lack job-based coverage through a mix of subsidized private plans, was enacted in 2010.
Roughly 26 million people remain without health insurance in the U.S. Just under 2 percent of children are now uninsured.
“We know that access to quality, affordable health care is key to healthier lives, economic security, and peace of mind,” HHS Secretary Xavier Becerra said in a statement Tuesday. | https://cw33.com/health/ap-health/number-of-uninsured-americans-drops-to-record-low/ | 2022-08-03T14:38:42 | en | 0.965471 |
STAMFORD, Conn., Aug. 3, 2022 /PRNewswire/ -- Adroit Trading Technologies, a leading trading system for institutional buyside managers, today announced that it has been mandated as EMS across OTC and crypto assets by Invesco Ltd., one of the largest and most progressive global investment managers. As EMS, Adroit provides a single tool for Invesco's global trading desks across pre-trade, execution, and post-trade functions. Adroit integrates with Invesco's OMS, PMS and risk systems, and with their multiple downstream providers.
"We created Adroit in 2014 to handle complex, demanding OTC-heavy clients, and you'd be hard-pressed to find a client more influential or cross-asset than Invesco. Our conversations with clients tend to cut across swaps, bonds, futures and FX, and Invesco is one of the first investment managers to incorporate crypto into their business" said Greg Azrak, Head of Business Development at Adroit. "We couldn't be more excited to work with Invesco and we look forward to helping them on their journey across global FICCC derivatives and cash markets."
Invesco has engaged Adroit as EMS across its global trading centers and plans to facilitate its first trades over the next several weeks.
Since 2014, Adroit has offered the leading multi-asset front office EOMS solution, and empowers the most sophisticated of global investment managers. It is designed from the ground up to handle the intricacies of trading complex assets, including OTC derivatives, bonds, FX, and listed products. Adroit brings a passion to maximizing trader productivity while minimizing transaction costs. Our architecture features open APIs, for speedy implementation and maximum flexibility.
We know OTC.
[email protected], 203-406-7150
www.adroit-tt.com
SOURCE Adroit Trading Technologies | https://www.prnewswire.com/news-releases/invesco-chooses-adroit-as-cross-asset-ems-301598505.html | 2022-08-03T14:38:45 | en | 0.933895 |
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Chennai-based fintech GAYN Capital on Wednesday announced that it will offer ₹400 crore of real estate products through fractional ownership to the general public over the next two years.
In a press release, the company said it has partnered with Chennai-based ‘Bhoomi and Buildings’ to launch multiple investment products, which will be rolled out in phases on its digital platform and accessible through a GAYN Capital account. The company said Bhoomi is a known player in the retail real estate market, having completed over 50 projects in this sector.
Online investment
Founded by Kalyan Jayaprakash, Kishore Janakiraman, and Ganesh Jayaprakash, GAYN Capital is an online investment platform that offers fractional ownership on commercial real estate opportunities to retail investors with a minimum investment limit of ₹5 lakh.
“The age of fractional ownership is upon us. What started with high-value tangible assets now has mass application. Consumers can own infinitely small pieces of anything, opening up numerous opportunities to a much wider audience,” Kalyan Jayaprakash, CEO and Co-Founder, GAYN Capital, was quoted in the release.
Independent valuation
GAYN Capital said its products go through independent valuation by international property consultants, title diligence and documentation by reputed law firms ensure complete transparency.
“In the current economic environment, yielding commercial real estate is a relatively safe asset class in which to invest. The capital is secured by a physical asset; with capital appreciation over the tenure of your investment; as well as a monthly rental that is a passive income. These attributes are packaged into a product and brought to you by GAYN Capital,” it added.
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ALBANY, N.Y. (AP) — The polio virus was detected in wastewater samples from the suburban county near New York City where an unvaccinated adult recently contracted the life-threatening disease, but health officials said Tuesday they have not identified any additional cases.
The Centers for Disease Control and Prevention said the presence of the virus was detected in wastewater samples collected in early June from Rockland County, where officials on July 21 announced the first case of polio in the United States in nearly a decade.
The unidentified young adult had a strain of the virus that has since been genetically linked to samples found in Rockland County wastewater, as well to samples in London and the Jerusalem area.
The CDC said in a prepared statement said that the New York wastewater sample shows there may be more people in the community shedding the virus.
“However, it’s important to note that we don’t have enough information at this time to determine if the virus is actively spreading in New York or elsewhere in the U.S., and no additional cases have been identified,” according to the CDC.
Health officials have said the patient had acquired a “vaccine-derived” strain of the virus, meaning it probably originated in someone who had been inoculated with a live vaccine — available in other countries, but not the U.S. In rare instances, people given the live virus can spread it to other people who haven’t been vaccinated.
New York health officials said they could not conclusively say whether the Rockland County samples came from the patient, who developed symptoms in June.
As to the wider implications, the Global Polio Eradication Initiative said in a statement Friday that genetic and epidemiological investigations are attempting “to determine possible spread of the virus and potential risk associated with these various isolates detected from different locations around the world.”
Polio, once one of the nation’s most feared diseases, was declared eliminated in the United States in 1979, more than two decades after vaccines became available.
Its discovery in the populous suburbs north of New York City prompted a local vaccination drive.
“Given how quickly polio can spread, now is the time for every adult, parent, and guardian to get themselves and their children vaccinated as soon as possible,” said New York State Health Commissioner Dr. Mary T. Bassett. | https://cw33.com/health/ap-health/polio-virus-found-in-new-york-wastewater-but-no-new-cases/ | 2022-08-03T14:38:49 | en | 0.968111 |
NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Attorney Advertising - Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed Weber Inc. ("Weber" or the "Company") (NYSE: WEBR) Class A common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the "Registration Statement") issued in connection with the Company's August 2021 initial public offering ("IPO" or the "Offering"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/webr.
This class action seeks to recover damages against Defendants for alleged violations of the Federal Securities Act of 1933 (the "Securities Act").
The complaint filed in this class action alleges that the Registration Statement made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Weber was reasonably likely to implement price increases; (2) as a result, consumer demand for Weber's products was reasonably likely to decrease; (3) due to the resulting inventory buildup, Weber was reasonably likely to run promotions to "enhance retail sell through"; (4) the foregoing would adversely impact Weber's financial results; and (5) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/webr or contact Peretz Bronstein, Esq. or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Weber you have until September 27, 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.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]
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Karnataka Vikas Grameena Bank (KVGB), a regional rural bank headquartered in Dharwad, has increased domestic term deposit interest rates for the maturity period of above 46 days with effect from August 1.
P Gopi Krishna, Chairman of KVGB, said the upward revision in the deposit interest rate is in-line with the market trend and is expected to encourage the public to invest more in the bank’s various term deposit schemes.
The revised rates are:
Senior citizens are eligible for additional interest of 0.50 per cent over the card rate on term deposit up to ₹2 crore and with maturity tenor of one year and above only.
Published on
August 03, 2022
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COLUMBIA, Mo. (AP) — Missouri Attorney General Eric Schmitt won the Republican primary for U.S. Senate on Tuesday with surprising ease, ending months of worry among GOP leaders that scandal-scarred former Gov. Eric Greitens might win the primary and jeopardize what should be a reliably red seat in November.
In November, Schmitt will be opposed by Anheuser-Busch beer heiress Trudy Busch Valentine, who defeated Marine veteran Lucas Kunce and nine others in the Democratic primary. Both also face a challenge from a well-funded independent, John Wood, who has the financial backing of former Sen. John Danforth.
With nearly 90% of results in, Schmitt had more votes than his nearest two competitors — U.S. Rep. Vicky Hartzler and Greitens — combined, turning what was expected to be a tight race into a blowout.
“I’m proud of my working-class roots, and I’m going to Washington to fight for working families, defeating socialism, and leading the fight to save America,” Schmitt said in his victory speech in suburban St. Louis.
Greitens told a downcast crowd in another St. Louis suburb to “go home with strength and pride.”
“God has a plan,” Greitens said. “It doesn’t always work on our timeline, but it does work on his. Sometimes we have to practice patience.”
Greitens resigned four years ago following a sex scandal, two criminal charges that were eventually dropped and a legislative investigation that could have led to impeachment hearings. This year, his ex-wife accused him of abuse.
Republican Sen. Roy Blunt’s announcement last year that he would not seek a third term set off a frenzy for his job, with nearly three dozen people in the two major parties filing to run.
Schmitt defeated a field that also included Hartzler, U.S. Rep. Billy Long and Mark McCloskey, who gained notoriety in 2020 when he and his wife pointed guns at racial injustice protesters outside their home.
Voter Darrel Durham, a 63-year-old heavy equipment operator from Columbia, said he thinks Schmitt can bring a new voice to Washington.
“I like all of his positions on draining the swamp,” Durham said.
On Monday, former President Donald Trump expressed support for “ERIC,” presumably meaning either Schmitt or Greitens, without picking between them. Comedian and Navy veteran Eric McElroy was also on the ballot in the GOP primary.
“I trust the Great People of Missouri, on this one, to make up their own minds, much as they did when they gave me landslide victories in the 2016 and 2020 Elections, and I am therefore proud to announce that ERIC has my Complete and Total Endorsement!” Trump wrote.
Voter Richard Greenup, a 66-year-old computer programmer from Columbia, said he wants “somebody that’s going to support Trump” and that he chose Schmitt over Greitens because, “good or bad, Schmitt, I don’t think, has that baggage.”
Greitens, a former Navy SEAL officer and Rhodes scholar, had been governor for a year when in January 2018 he confirmed a TV report about a 2015 extramarital affair. He was subsequently charged with felony invasion of privacy for allegedly taking a nude photo of the woman and using it to keep her quiet. That charge was dropped months later amid allegations that the chief investigator and local prosecutor mishandled the investigation.
Greitens, 48, says he was the victim of a political hit.
He faced a second charge accusing him of illegally using a donor list from a charity he founded to raise money for his campaign. That was dropped when he resigned in June 2018 after the Missouri House began an impeachment investigation.
Greitens has denied the abuse allegations from his ex-wife that she made in an affidavit in a child custody case. She cited one instance where he allegedly slapped their then-3-year-old son’s face and yanked him by the hair. In another, she accused him of pushing her to the ground.
Greitens also drew criticism for a June campaign video showing him brandishing a shotgun and declaring he’s hunting RINOs, or Republicans in name only.
Schmitt, 47, has gained attention for lawsuits that critics contend are politically motivated. He sued China over the coronavirus; school districts over mask mandates; and the city of St. Louis over its plan to provide $1 million for women to travel out of state for abortions.
“I’ve always been a fighter and as your attorney general I have fought in court to protect our those liberties,” Schmitt said in his victory speech, citing mask and vaccine mandates, among other things.
Valentine, 65, is the daughter of August “Gussie” Busch Jr., the longtime chair and CEO of Anheuser-Busch who built the St. Louis-based company into the world’s largest beermaker. The brewery was sold to InBev in 2008. Valentine said she entered the race after witnessing the “division in our country and the vitriol in our politics.”
“After hundreds of career politicians, it’s time for a nurse in the Senate,” Valentine said in a victory speech.
Bob Westlake, 67, and his wife, Mary Jo, 69, both voted for Valentine. The Chesterfield couple liked her push for better health care coverage.
“Health care is a big deal to us,” Bob Westlake said, adding that they have a daughter with a chronic illness and that he and his wife are on Medicare.
Kunce, 39, lost despite the endorsement of Sen. Bernie Sanders. Kunce served tours of duty in Afghanistan and Iraq. Like Senate candidate John Fetterman in Pennsylvania, Kunce fashioned himself as a populist.
Wood’s entry into the race created new drama. Wood, 52, is a lifelong Republican, former U.S. attorney and most recently a top investigator for the U.S. House committee examining the Jan. 6, 2021, insurrection. Danforth’s PAC has pledged to spend up to $20 million in support of Wood’s campaign.
___
Salter reported from O’Fallon, Missouri. Associated Press writer David A. Lieb contributed from Jefferson City, Missouri. | https://cw33.com/news/ap-top-headlines/all-eyes-on-ex-missouri-gov-eric-greitens-in-senate-primary/ | 2022-08-03T14:38:56 | en | 0.976515 |
NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed Weber Inc. ("Weber" or the "Company") (NYSE: WEBR) Class A common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the "Registration Statement") issued in connection with the Company's August 2021 initial public offering ("IPO" or the "Offering"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/webr.
This class action seeks to recover damages against Defendants for alleged violations of the Federal Securities Act of 1933 (the "Securities Act").
The complaint filed in this class action alleges that the Registration Statement made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Weber was reasonably likely to implement price increases; (2) as a result, consumer demand for Weber's products was reasonably likely to decrease; (3) due to the resulting inventory buildup, Weber was reasonably likely to run promotions to "enhance retail sell through"; (4) the foregoing would adversely impact Weber's financial results; and (5) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/webr or contact Peretz Bronstein, Esq. or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Weber you have until September 27, 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.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC | https://www.prnewswire.com/news-releases/investor-alert-bronstein-gewirtz--grossman-llc-notifies-weber-inc-webr-investors-of-class-action-and-to-actively-participate-301597689.html | 2022-08-03T14:38:57 | en | 0.931972 |
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With the slowdown in the two-wheeler segment expected to continue, Shriram City Union Finance is shifting focus to, and pushing, MSME and personal loan products to drive growth.
“Full year (growth) guidance was anyway between 18-20 per cent on an optimistic note. Of this, the outliers would be SME including the larger entities, and personal loans,” said MD and CEO, YS Chakravarti. All personal loans are to existing customers, which have a track record with the company, and the segment is growing well, he told BusinessLine.
‘Contraction in yields likely’
Asked about the impact on margins in a rising interest rate regime, Chakravarti said that there could see “some contraction” in yields in the coming quarter. There is also expected to be some reduction in the NIM in FY23, but it will be contained at 10-15 bps, he said.
Two-wheeler loans
Growth in the two-wheeler segment for Shriram City Union Finance is expected to stay muted as the sale of two-wheelers has not picked up, Chakravarti said. He added that the number of vehicles sold is a better barometer than disbursements, which could be elevated due to increase in fuel or vehicle prices.
“We always monitor the number of vehicles sold and it very clear the number has not picked across segments, whether it is rural or semi-urban or urban areas,” he said, adding that this, in a large part, was due to rise in cost of necessities, vehicles and the cost of running the vehicle.
This has made consumers reluctant to replace their existing vehicles and they postpone the purchase of new vehicles, which is also leading to pre-owned vehicles getting pricier, Chakravarti said.
Crowding by new lenders
He added that the two-wheeler loan segment has also seen crowding by the entry of new lenders—banks and non-bank lenders—as two-wheeler loans look like an attractive segment. “Your business may not be taken away but growth is muted because of both the demand and new players coming in.”
“It is not that our two-wheeler AUM has de-grown. Even if it grows by 3-5 per cent, we are okay. The focus will be on the rest of the products,” he said, adding that the company is confident of maintaining the share of two-wheeler loans at 20-22 per cent of the total portfolio.
Merger update
The non-bank lender recently received the CCIs approval for its proposed merger with sister company Shriram Transport Finance. Chakravarti said the company is now awaiting the go-ahead from National Company Law Tribunal, which should come by end of September.
Ahead of the merger, Shriram Group had launched a pilot project to cross-sell products of both the companies across 50 branches. This has so far generated leads of about ₹50 crore, and is now being extended to a total of 500 branches, Chakravarti said.
Demand slow for gold loans
Gold loans are the easiest product to cross-sell through this project, as per which the infrastructure for gold loans has now been set up at over 100 branches of Shriram Transport Finance. The company had also recently launched gold loans across several branches in north Indian states. While demand has so far been slow, Chakravarti expects this to pick-up post the merger.
“The idea is that once the merger is completed and we start offering gold loans in all STFC branches also, we will start advertising. We need to be seen on a larger scale and start advertising,” he said.
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Isofol Announces Topline Results of Phase III AGENT Study - Did Not Meet Primary or Key Secondary Endpoints
GOTHENBURG, Sweden, Aug. 3, 2022 /PRNewswire/ -- Isofol Medical AB (publ) (Nasdaq Stockholm: ISOFOL), today announced topline results that neither the primary endpoint of Overall Response Rate (ORR) nor the key secondary endpoint in Progression Free Survival (PFS) achieved statistical significance in the multi-center, international Phase III AGENT Study of arfolitixorin in combination with 5-FU, oxaliplatin and bevacizumab in metastatic colorectal cancer (mCRC).
The information in the press release is intended for investors.
The AGENT Study is the first to evaluate a meaningful alternative to the standard of care for all patients with mCRC since 2004. In the AGENT study, patients with non-resectable mCRC treated with arfolitixorin in combination with 5-FU, oxaliplatin and bevacizumab did not achieve a statistically significant overall response rate of ≥ 10% as compared to patients treated with the standard of care (leucovorin + 5-FU, oxaliplatin and bevacizumab).
"We are all surprised and disappointed in the results as we invested so much hope into improving the treatment for patients suffering mCRC. I would like to thank all the patients, clinical investigation sites and other participants that contributed to the study," said Ulf Jungnelius, CEO of Isofol. "We will complete the data analysis before confirming next steps and look forward to working with regulatory agencies to consider alternative paths forward. Decisions related to Isofol's clinical program will be on hold until we've consulted with relevant regulatory bodies which is tentatively planned during the first half of 2023."
The AGENT Study will be completed in accordance with applicable regulations and the full data set will be published in order to enable the scientific community to fully take advantage of learnings. Sub-group analyses, gene expression and safety data is expected to be available in the final study report in Q4 2022. Pending results of further analyses, patients remaining on treatment in the experimental arm of the study will be offered to move to the standard of care treatment arm.
In connection to this announcement Isofol invites investors, analysts, and media to an audiocast with a Q&A-session. The presentation will be held in English by Isofol's CEO Ulf Jungnelius and CMO Roger Tell and will conclude with a Q&A session. Questions can be asked on the telephone conference or in written form through the audiocast. No preregistration is needed.
Date and time
August 4, 2022, at 10:00 a.m. CEST
Audiocast link
https://tv.streamfabriken.com/press-conference-aug-2022
Dial-in numbers
For dialling in to the call, please use to following numbers:
SE: +46856642703
UK: +443333009271
US: +16467224903
The audiocast will also be available on demand on Isofol's corporate website after the event.
For further information, please contact
Isofol Medical AB (publ)
Jarl Ulf Jungnelius, M.D., Chief Executive Officer
E-mail: [email protected]
Phone: +46 (0) 709 16 89 55
Roger Tell, M.D., PhD, Chief Medical Officer
E-mail: [email protected]
Phone: +46 (0) 760 293 911
This is information that Isofol Medical AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 15:30 CEST on August 3, 2022.
About the AGENT Study
The Phase III AGENT Study is the first to evaluate a meaningful alternative to the standard of care for most patients with metastatic colorectal cancer (mCRC) in 20 years and involves approximately 90 clinics in the U.S., Canada, Europe, Australia, and Japan. The Phase III randomized, controlled, multi-center study of 490 patients assessed the efficacy and safety of arfolitixorin, [6R]-5,10 methylene-THF (MTHF), compared to leucovorin, both used in combination with 5-U, oxaliplatin, and bevacizumab, in first line mCRC patients.
The study was designed to show superiority for arfolitixorin over leucovorin. Patients were randomized in a 1:1 ratio with the primary endpoint being an overall response rate (ORR) >10 percent improvement vs. the control arm. The key secondary endpoint is a clinically meaningful positive trend in progression free survival (PFS). Other secondary endpoints include duration of response (DOR), number of curative metastasis resections, safety, and patient reported outcomes such as quality of life (QoL). Exploratory endpoints include pharmacokinetic (PK) measurements and level of gene expression of folate relevant genes in tumor cells.
About Isofol Medical AB (publ)
Isofol Medical AB (publ) is a clinical stage biotech company that is boldly progressing the status quo and advancing current standards of care for people living with cancer by working to improve the efficacy of the current chemotherapeutic standards of care. Singularly focused on developing a first line treatment for most patients with metastatic colorectal cancer (mCRC), Isofol Medical seeks to elevate current clinical practice by unlocking the full strength of 5-FU with its compound in development. Isofol holds a worldwide exclusive licensing agreement with Merck & Cie, Darmstadt, Germany to develop and commercialize arfolitixorin for use in oncology. Isofol Medical AB (publ) is traded on the Nasdaq, Stockholm.
This information was brought to you by Cision http://news.cision.com
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SOURCE Isofol Medical AB (publ) | https://www.prnewswire.com/news-releases/isofol-announces-topline-results-of-phase-iii-agent-study---did-not-meet-primary-or-key-secondary-endpoints-301599094.html | 2022-08-03T14:39:03 | en | 0.900786 |
Businesswoman and conservative commentator Tudor Dixon won the Republican primary for Michigan governor on Tuesday, setting up a tough race against Democratic Gov. Gretchen Whitmer as anger and division within the state GOP threaten the party’s efforts in the battleground state this fall.
Dixon, who was endorsed by former President Donald Trump last week, defeated four male candidates in a race between little-known political newcomers. She also had backing from the prominent Michigan Republican family of Betsy DeVos, who was education secretary in Trump’s Cabinet but was critical of him and resigned after the Jan. 6, 2021, riot, as well as the Michigan Chamber of Commerce and several anti-abortion groups.
Taking the stage at a victory party, Dixon pledged to fight for families who struggled through COVID-19 lockdowns that Whitmer imposed and who can’t afford to put gas in their vehicles and pay bills. She called the first-term governor “the queen of lockdowns” and recounted how her own grandmother died in a nursing home, alone, during the pandemic.
“Frankly Michigan, we deserve better,” Dixon said. “Now we have the opportunity to truly hold Gretchen Whitmer accountable for the pain she has inflicted on each and every one of us during the past four years.”
Whitmer, who did not have a Democratic opponent, was seen as potentially vulnerable heading into 2022 because of anger over her pandemic restrictions, rising gas and food prices, and her ties to President Joe Biden, whose approval ratings are low. But some of those hopes were dashed after top Republican candidates didn’t make the ballot because they didn’t file enough valid nominating signatures and the remaining field struggled to compete in fundraising with Whitmer and her multimillion-dollar campaign fund. None of the GOP candidates had held public office, and many had baggage that could hurt in a general election.
Dixon is a former steel industry executive who also hosted a conservative program on a streaming channel and once acted in low-budget zombie movies in what her campaign described as an “admittedly lame” hobby.
Democrats criticize her far-right positions on issues, which also could be a tough sell for independent voters who decide elections in Michigan. Dixon opposes abortion, except to save the mother’s life, and says Michigan should eliminate the requirement for permits to carry concealed weapons.
In a statement Tuesday, Michigan Democratic Party Chair Lavora Barnes said Dixon “has a dangerous agenda that would devastate Michigan working families.”
Dixon is the first woman Republican nominee for Michigan governor. The matchup adds to an already record number of contests between two women nominees this cycle, according to the Center for American Women and Politics at Rutgers University. Three — in Iowa, Oregon and Alabama — were set before Tuesday, up from a previous record of two. Arizona’s primary Tuesday also was expected to result in an all-women race.
Dixon has campaigned as a mother of four who focused heavily on education, saying she wants to keep drag queens and talk of sex and gender out of elementary schools. She said she would end “critical race theory” from being taught in Michigan public schools and wants all districts to post teaching materials and curriculum online for parents to review. Dixon also says families should be able to use per-student state funds on private schools, home schooling or other education settings of their choice.
Dixon defeated real estate broker Ryan Kelley, who pleaded not guilty to misdemeanors in the Capitol riot; chiropractor Garrett Soldano; former auto dealership owner Kevin Rinke and pastor Ralph Rebandt.
They blasted Dixon during the campaign as the “establishment” pick, criticizing her connections to DeVos and saying she hadn’t done enough to stand up to Whitmer when she imposed COVID-19 restrictions.
Contentious primaries are not new, but the hostility seems heightened in some places this year as Republicans split over whether to relitigate the 2020 election or look ahead, including to the 2024 presidential race. The divide has been particularly public and pronounced in Michigan, where Trump has pushed the lie that the 2020 election was stolen from him and has endorsed many candidates who back him — including for secretary of state and attorney general — with an eye on a possible 2024 bid.
Michigan is also among states where subpoenas have been issued to “fake electors” who submitted paperwork saying Trump, not Biden, won the state’s election.
Trump lost Michigan by about 154,000 votes in 2020, and multiple audits and courts — as well as an investigation by the Republican-led state Senate — have upheld that.
Dixon has wavered on the issue. She raised her hand during a debate when candidates were asked who among them believes the election was stolen. But has been less explicit in recent weeks, criticizing Democratic Secretary of State Jocelyn Benson and saying on Fox News Sunday, “We have to make sure our elections are secure and what happened in 2020 doesn’t happen again.”
Trump’s late-stage endorsement of Dixon gives him a win to tout, though he also has experienced some high-profile defeats.
Voter Mark Orsinger of Grand Rapids said he decided to cast his ballot for Dixon after Trump’s endorsement.
“I didn’t know Tudor until Trump mentioned her,” Orsinger said. “She seems like an OK person. I only know her from 20 seconds of a commercial.”
___
Associated Press writers Joey Cappelletti in Grand Rapids and Mike Householder in Delhi Township contributed to this report. | https://cw33.com/news/ap-top-headlines/in-michigan-gop-discord-threatens-effort-to-oust-whitmer/ | 2022-08-03T14:39:02 | en | 0.981977 |
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One year since the re-branding and change in management, Poonawalla Fincorp is re-building its product suite for a more retail-oriented approach.
The non-bank lender which started with 2-3 products, today has an expanding suite of 12 products including recently launched categories such as personal loans, professional loans, small business loans, loans against property, medical equipment loans, machine loans, and supply chain finance.
The NBFC is now focussing on digital consumption loans, and plans to launch an EMI card, a credit card, consumer finance and merchant cash advance over the next 12-18 months, according to MD Abhay Bhutada.
“We are a young and tech-enabled NBFC, which re-booted in the most prime time of the pandemic. We are focussing on SME as well as consumer segments to build a retail franchise,” Bhutada told Business Line .
Organic Disbursements
When it took over Magma Fincorp in Jul 2021, Poonawalla Fincorp initially bought loan portfolios from some larger NBFCs, as it had discontinued some products offered earlier such as CV, tractor and rural finance; also “owing to excess system liquidity and market opportunity” available at the time.
“Now we are doing more than ₹1,000 crore of consolidated disbursements and no need to acquire any portfolio going forward,” Bhutada said.
The lender’s organic disbursements — incremental loans that are generated by Poonawalla Fincorp on its own, grew to ₹2,738 crore in Q1FY23 from ₹338 crore a year ago. Expecting this growth momentum to continue, Bhutada pegged AUM growth for FY23 at 25-30 per cent. The consolidated AUM stood at ₹17,660 crore as of Jun 30, up 22 per cent on year.
Digital lending
The ‘direct, digital and partnership models’ are key focus areas for the NBFC to drive loan growth, Bhutada said, adding that currently 40-50 per cent of the overall monthly disbursements are completely paperless.
The direct, digital and partnership channels accounted for 34.1 per cent of organic disbursements in Q1FY23 compared with 17.5 per cent in Q4FY22, and are seen growing at 30-40 per cent for the rest of the year, Bhutada said.
Poonawalla Fincorp has also tied up with e-commerce platform KrazyBee, through which the NBFC is disbursing loans of about ₹200 crore every month.
Quality of loan portfolio
As a “pure retail play”, Poonawalla Fincorp will focus on retail and MSME loans, with an eye on improving the asset quality over the next three quarters, Bhutada said adding that collections and asset quality have been improving for the last 5 quarters.
Poonawalla Fincorp aims to restrict the net NPA ratio below 1 per cent and the gross NPA ratio at below 2 per cent by the end of FY23. As of Jun 30, the gross stage 3 assets ratio was at 2.19 per cent, and the net stage 3 assets ratio was at 0.95 per cent.
The improvement is because the company has stopped riskier lending undertaken by erstwhile Magma Fincorp, and is instead targetting cash-flow and GST-based lending, and borrowers in the formalised income segments, Bhutada said.
Cost of Funds
Poonawalla Fincorp’s cost of borrowing declined in Q1FY23, attributed largely to repricing of the high cost funds raised by erstwhile Magma Fincorp through debt and asset sales; and the shift to other channels such as bank loans and capital market debt for raising funds.
While borrowing costs are expected to rise marginally over the rest of the fiscal year, Bhutada said the company will pass them on the customers as it is “still very competitive” in terms of lending rates. The non-bank lender has already increased rates on 3-4 loan products in Q1FY23.
Consolidated cost of funds for the NBFC reduced by over 50 bps on year to stand sub-7 per cent in Q1FY23. Bhutada said he expects this to stabilise around 7.25 per cent by the end of the year, adding, the 20-25 bps hike will not impact the lender’s NIM or profitability.
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Jair Lynch Real Estate Partners Expands into Atlanta with Acquisition of Two Multifamily Properties
Clarkston Station and Woodside Village are Jair Lynch's first acquisition with Nuveen Real Estate in the Atlanta market
WASHINGTON, Aug. 3, 2022 /PRNewswire/ -- Jair Lynch Real Estate Partners ("Jair Lynch"), a leading owner and developer of mixed-use properties and attainable housing, and Nuveen Real Estate ("Nuveen"), one of the largest real estate managers globally with $152 billion of assets under management, announced this week the acquisition of two multifamily residential communities in the Clarkston submarket of Atlanta – Clarkston Station and Woodside Village (the "Properties"). The acquisition marks Jair Lynch's entrance into the Atlanta market as part of a larger expansion throughout the Southeast. The deals present an opportunity for Jair Lynch and Nuveen to improve and preserve over 700 units of housing while advancing their shared goals of uplifting and revitalizing communities through their investment in high-quality, sustainable neighborhood assets.
"With an incredibly diverse economy, a growing population, and job growth that continues to outpace the national average, Atlanta's demand for high-quality, affordable housing will continue to rise," said Ulysses Auger, Director of Acquisitions for Jair Lynch. "As an investor dedicated to preserving and increasing housing for working families and individuals, we look forward to meeting this important need and to making a positive impact throughout the region. This is just the start."
The acquisition encompasses Clarkston Station, a 356-unit community, and Woodside Village, a 360-unit community. The Properties currently operate under the Section 42 Low-Income Housing Tax Credit ("LIHTC") program with affordability restrictions through 2034 and 2036, respectively. As such, a collective 95% of the units will continue to serve individuals and families earning up to 60% Area Median Income ("AMI") for at least the next 12-14 years.
With convenient access to employment hubs along the Clifton Corridor and Emory's upcoming $1 billion Executive Park Redevelopment project, residents of both properties enjoy access to public transit, major retailers including Publix, The Home Depot, Northlake Mall, and many local and immigrant-owned businesses. Residents will also benefit from the highly anticipated $10 million Metropolitan Atlanta Rapid Transit Authority (MARTA) Clifton Corridor expansion, which will bring 11 additional stations to the Clarkston-Decatur area, increasing connectivity to jobs, education, health services, and retail throughout the greater Atlanta area.
Jair Lynch and Nuveen plan to introduce Cushman and Wakefield as the new property management company with a specific focus on resident services and community programming. As part of the business plan, they will address deferred maintenance and execute capital improvements including in-unit updates and upgrades to outdoor amenities including the clubhouses, playground equipment, grill stations, dog parks, and sustainable landscaping. Additional investment is also planned to improve the Properties' safety and security, including the addition of new lighting, gated front entrances, security cameras, and patrol services.
"Clarkston Station and Woodside Village are home to a large community of hardworking individuals and families including essential workers, first responders, educators, and more, who deserve quality, attainable housing options," said Mike Gilmartin, Senior Director of Impact Investing for Nuveen Real Estate. "We're proud to support resident well-being through sustainable improvements and robust resident services, and we look forward to executing the business plan with Jair Lynch."
Jair Lynch's attainable housing strategy aims to increase and preserve attainable housing for individuals and families earning between 30% and 120% of the area median income ("AMI"). With the addition of Clarkston Station and Woodside Village, Jair Lynch has now invested over $1.3 billion toward this initiative.
Paul Vetter of Berkadia served as seller's broker. Nixon Peabody served as purchaser's transaction counsel. CBRE provided financing for the transaction.
Jair Lynch Real Estate Partners is a leading real estate investment and development firm that specializes in the thoughtful transformation of walkable urban places. Founded in 1998, Jair Lynch has acquired, developed, and operated a portfolio of residential, commercial, and neighborhood assets that contribute to the company's mission of creating extraordinary places. The firm has developed over 5.5 million square feet of real estate projects, currently has $3.2 billion of assets under management, and has a controlled pipeline of 2.0 million square feet valued at more than $1.1 billion. Visit www.jairlynch.com to learn more.
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WASHINGTON (AP) — In one of the biggest days of this year’s primary campaign season, voters rejected a measure that would have made it easier to restrict abortion rights in red-state Kansas and repudiated a scandal-tarred former governor seeking a U.S. Senate seat in Missouri.
Meanwhile, a Republican congressman who voted to impeach then-President Donald Trump after the Jan. 6 insurrection lost to a Trump-backed opponent early Wednesday, while two other impeachment-supporting House Republicans awaited results in their primaries in Washington state.
In Michigan, a political newcomer emerged from the state’s messy Republican gubernatorial primary, setting up a rare woman-vs.-woman general election matchup between conservative commentator Tudor Dixon and incumbent Democratic Gov. Gretchen Whitmer.
Takeaways from election results Tuesday night:
RED-STATE KANSAS REJECTS ANTI-ABORTION AMENDMENT
Kansas may seem like an unlikely place for abortion rights supporters to notch a major victory.
But on Tuesday, voters in the conservative state resoundingly rejected a constitutional amendment that would have allowed the Legislature to ban abortion. It was the first major test of voter sentiment since the Supreme Court ruling in June to rescind the 1973 Roe v. Wade decision that legalized abortion nationwide.
The amendment would have allowed the Legislature to overturn a 2019 state Supreme Court decision declaring access to abortion a “fundamental” right under the state constitution.
Its failure at the ballot in a state Donald Trump won by nearly 15 points issues a stark warning to Republicans, who have downplayed the political impact of the high court’s ruling. It also hands a considerable win to Democrats, who are feeling newly energized heading into what was expected to be a tough midterm election season for them.
Kansas currently allows abortion until the 22nd week of pregnancy. After that, abortion is allowed only to save a patient’s life or to prevent “a substantial and irreversible physical impairment of a major bodily function.”
Gov. Laura Kelly, a Democrat who supports abortion rights, has warned that the Republican-led Legislature’s efforts to ban abortion would hurt the state. On Tuesday it became clear that many voters agree with her.
___
TRUMP’S REVENGE
First-term Michigan Rep. Peter Meijer was one of 10 Republicans who joined Democrats to vote in favor of impeaching Trump after the Jan. 6, 2021, Capitol attack. On Tuesday, he became the latest victim of the former president’s revenge campaign.
Meijer, an heir to a Midwestern grocery store empire and a former Army reserve officer who served in Iraq, lost the GOP contest to former Trump administration official John Gibbs.
“I’m proud to have remained true to my principles, even when doing so came at a significant political cost,” Meijer said in a statement.
In addition to having Trump’s endorsement, Gibbs also shared Trump’s penchant for conspiracy theories: He parroted Trump’s lies about a stolen 2020 election and once spread false claims that Hillary Clinton’s 2016 campaign chair participated in a satanic ritual that involved bodily fluids.
Meijer is the second of the 10 impeachment-supporting Republicans to lose his primary, joining South Carolina Rep. Tom Rice, who was defeated by a Trump-backed challenger in June. Four others opted to retire rather than face voters’ wrath. And so far, only California Rep. David Valadao has survived — just barely.
Also on the ballot Tuesday were Washington state Reps. Jaime Herrera Beutler and Dan Newhouse, who both faced Trump-backed challengers over their impeachment votes. But those contests were too early to call because Washington state conducts elections by mail, delaying the reporting of results.
Herrera Beutler’s challengers include Joe Kent, a former Green Beret who has cultivated links to right-wing extremist groups and employs a campaign aide who was a member of the Proud Boys. Newhouse’s opponents include Loren Culp, a former GOP gubernatorial nominee who falsely claimed that his 13-point loss to Democratic Gov. Jay Inslee in 2020 was the result of voter fraud.
___
TRUMP’S SLATE
Most of the candidates on Trump’s Arizona slate had a successful primary night.
Senate candidate Blake Masters, whose campaign was bankrolled by tech investor Peter Thiel, won his Republican primary after echoing Trump’s lies of a stolen election and playing up cultural grievances that animate the right, including critical race theory and allegations of big tech censorship.
In the secretary of state race, Mark Finchem, an Arizona state lawmaker who worked to overturn Trump’s 2020 loss in the state, won his primary.
In the state Legislature, Arizona House Speaker Rusty Bowers, who testified at a Jan. 6 hearing about Trump’s pressure to overturn the 2020 election, lost his Republican primary for a state Senate seat to a Trump-backed former lawmaker, David Farnsworth.
The possible exception to Trump’s streak of wins was Republican gubernatorial candidate Kari Lake. She was trailing the establishment-backed Karrin Taylor Robson, who was endorsed by Trump’s estranged vice president, Mike Pence. That could still change. Election-day and late-arriving mail ballots that would likely favor Lake are still being counted.
Arizona has emerged as a key swing state. But it also carries significance to Trump after Joe Biden became the first Democratic presidential candidate in decades to carry what was once a reliably Republican state.
___
GREITENS’ COMEBACK COLLAPSES
Democratic hopes of picking up a U.S. Senate seat in deep-red Missouri faltered Tuesday after Republican voters selected Attorney General Eric Schmitt as their nominee over former Gov. Eric Greitens, who resigned in disgrace in 2018.
Greitens, they predicted, would be toxic in a general election. Democrats landed a strong recruit in beer heir Trudy Busch Valentine, who won her primary Tuesday. And the state’s Republican establishment prepared to put millions of dollars behind an independent candidate in the general election, potentially fracturing the GOP vote.
But Greitens came up short Tuesday, finishing a distant third behind Schmitt and U.S. Rep. Vicky Hartzler. His campaign’s tailspin can likely be traced back to March, when his ex-wife submitted a bombshell legal filing in the former couple’s child custody case.
Sheena Greitens said in a sworn statement that Eric Greitens had abused her and one of their young sons. She also said he displayed such “unstable and coercive behavior” in the lead-up to his 2018 resignation that others took steps to limit his access to firearms.
At the time, Greitens faced potential impeachment after his former hairdresser testified that he blindfolded and restrained her in his basement, assaulted her and appeared to take a compromising photo to pressure her to keep quiet about an affair.
He resigned from office — and avoided testifying under oath about the affair.
He launched his comeback campaign for Senate last year, marketing himself as an unabashedly pro-Trump conservative. And while many in Missouri wrote him off, one important political figure didn’t: Donald Trump, who mused publicly about Greitens’ attributes.
But in the end, Trump stopped short of issuing an endorsement, instead issuing a vague statement this week throwing his support behind “ERIC.”
And on Tuesday, the other “ERIC” in the race — Schmitt — won.
___
MESSY RACE IN MICHIGAN
At its essence, Michigan’s raucous Republican gubernatorial primary was a contest of which candidate’s personal baggage was the least disqualifying. On Tuesday, conservative media personality Tudor Dixon was the victor, setting up a November general election against Democratic Gov. Gretchen Whitmer in the battleground state.
Dixon’s past as an actor in a series of vulgar and low-budget horror movies became a campaign issue. But her career moonlighting in titles such as “Buddy BeBop Vs. the Living Dead” and a vampire TV series called “Transitions” paled in comparison to her rivals’ problems.
One rival, Ryan Kelley, faces federal misdemeanor charges after he was recorded on video in Washington during the Jan. 6 insurrection directing a mob of Trump supporters toward a set of stairs leading to the U.S. Capitol. Kelley has pleaded not guilty.
Another, Kevin Rinke, is a former car dealer who settled a series of lawsuits in the 1990s after he was alleged to have made racist and sexist comments, which included calling women “ignorant and stupid” and stating that they “should not be allowed to work in public.”
A third, Garrett Soldano, is a chiropractor and self-help guru who has sold supplements he falsely claimed were a therapeutic treatment for the coronavirus.
Many in the state’s Republican establishment, including billionaire former Trump education secretary Betsy DeVos, view Dixon as their best shot at defeating Whitmer. Trump endorsed Dixon in the race Friday, just a few days before the primary.
But her primary victory is an outcome few would have predicted months ago. In addition to the shortcomings of her rivals, her path was cleared when the two best-known candidates in the race were kicked off the ballot in May for submitting false petition signatures.
___
Follow AP’s coverage of the midterm elections at https://apnews.com/hub/2022-midterm-elections and on Twitter at https://twitter.com/ap_politics/. | https://cw33.com/news/ap-top-headlines/takeaways-abortion-backlash-in-kansas-greitens-collapse/ | 2022-08-03T14:39:09 | en | 0.970918 |
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The Reserve Bank of India's rate-setting panel on Wednesday began its three-day deliberations on the next bi-monthly monetary policy amid expectations of at least a 35-basis-point hike in the interest rate to check high retail inflation.
It might be the third consecutive hike in the repo rate or short-term lending rate in the last three months.
The central bank has already announced to gradually withdraw its accommodative monetary policy stance.
Headed by RBI Governor Shaktikanta Das, the Monetary Policy Committee (MPC) is scheduled to announce its decision on August 5.
Both the central bank and the government have been taking steps to contain inflation which is ruling above the RBI's comfort level of 6 per cent since January this year.
Finance Minister Nirmala Sitharaman in Rajya Sabha on Tuesday said: “We have made sure that the Reserve Bank of India and the Government, put together, are taking enough steps to make sure that it is kept in the band of 7 or ideally below 6”.
The RBI raised the short-term borrowing rate (repo) twice so far this fiscal—by 40 basis points (bps) in May and 50 bps in June to tame retail inflation.
The existing repo rate of 4.9 per cent is still below the pre-Covid level of 5.15 per cent. The central bank sharply reduced the repo rate in 2020 to tide over the crisis induced by the pandemic.
Experts are of the view that the RBI would raise the benchmark rate to at least the pre-pandemic level this week and even further in later months.
Punjab & Sind Bank Managing Director Swarup Kumar Saha said he expects RBI to hike the repo rate between 35 bps and 50 bps this week in view of the prevailing economic situation.
Umesh Revankar, MD & CEO, Shriram Transport Finance Company said the MPC is expected to unanimously vote for an upward of 35 bps hike in policy rates in August 2022 as the domestic macro-economy has not changed much since the previous policy.
The government has tasked the RBI to ensure consumer price index-based inflation remains at 4 per cent with a margin of two per cent on either side.
The RBI mainly factors in retail inflation based on Consumer Price Index (CPI) while arriving at its monetary policy. The inflation was 7.01 per cent in June.
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BEDMINSTER, N.J., Aug. 3, 2022 /PRNewswire/ -- Jubilant Therapeutics Inc., a biopharmaceutical Company advancing small molecule precision therapeutics to address unmet medical needs in oncology and autoimmune diseases, today announced U.S. Food and Drug Administration (US FDA) clearance of the Investigational New Drug application (IND) for JBI-778, an oral, brain penetrant and selective protein arginine methyl transferase 5 (PRMT5) inhibitor, for the treatment of solid tumors with brain metastases and primary brain tumors including high-grade glioma.
The Phase I/II trial is an open-label, two-part dose escalation and expansion study designed to define the safety profile, pharmacokinetics, optimal dosing and preliminary activity of JBI-778. The study population in the dose escalation phase will include patients with stable brain metastasis whose disease has failed prior standard therapy. Expansion cohorts will include patients with active brain metastases and high-grade gliomas.
Hari S Bhartia, Chairman, Jubilant Therapeutics Inc. shared on the announcement, "JBI-778 will be our second, highly selective oral drug candidate to enter clinical development following JBI-802. These two programs, along with several others partnered or in preclinical development, highlight Jubilant Therapeutics' proven discovery engine and structure-based drug discovery expertise."
Syed Kazmi, Chief Executive Officer, Jubilant Therapeutics Inc. said, "JBI-778 was engineered by our drug discovery team to be a PRMT5 substrate-competitive and brain penetrant drug candidate to address primary brain tumors and brain metastases which currently have limited treatment options. The incidence of brain metastasis is increasing due to improved therapies, increased imaging of neurologically asymptomatic patients and patients living longer. Our team has developed a unique capability to optimize brain penetration for precision oncology therapeutics. In addition to JBI-778, we are also advancing an oral brain penetrant PDL1 inhibitor, JBI 2174, which is on the IND-track to potentially treat primary CNS cancers among others."
About JBI-778
JBI-778 is a potent and selective brain penetrant inhibitor of protein arginine methyl transferase 5 (PRMT5), which is overexpressed in many cancers. JBI-778 is in development for the treatment of patients with advanced cancer with brain metastasis, and patients with high-grade glioma all of whom have limited treatment options. It has a unique mechanism of action compared to existing PRMT5 inhibitors by being substrate-competitive and S-adenosylmethoinine (SAM) cooperative, combined with a high brain exposure that enables targeting of both primary brain tumors and CNS metastasis. The substrate competitive profile appears to provide enhanced selectivity in the biological system by not interfering with the functions of SAM and shows a good tolerability profile in toxicological studies.
About Jubilant Therapeutics Inc.
Jubilant Therapeutics Inc. is a clinical stage precision therapeutics Company advancing potent and selective small molecule modulators to address unmet medical needs in oncology and autoimmune diseases. Its advanced discovery engine integrates structure-based design and computational algorithms to discover and develop novel, precision therapeutics against both first-in-class and validated but intractable targets in genetically defined patient populations. The Company's advanced pipeline consists of a first-in-class dual epigenetic modifier, JBI-802, currently in a Phase I/II clinical trial to treat solid tumors, a novel brain-penetrant modulator of PRMT5 for which an IND has been accepted, a brain penetrant PDL1 inhibitor, as well as PAD4 inhibitors for oncology and inflammatory indications. The Company is headquartered in Bedminster, New Jersey and guided by globally renowned key opinion leaders and scientific advisory board members. For more: www.jubilanttx.com
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MOMBASA, Kenya (AP) — African officials outlined their priorities for the upcoming U.N. climate summit, including a push to make heavily polluting rich nations compensate poor countries for the environmental damage done to them.
The continent will also focus on how countries can adapt to global warming and how the continent can best halt further climate-related disasters. Africa has seen debilitating droughts in the east and Horn of Africa and deadly cyclones in the south.
Other key areas for discussion include moving from high-carbon energy sources like oil and gas to renewables, and “carbon credit” schemes, where foreign governments and companies pay for tree planting in exchange for producing greenhouse gases.
The U.N. climate conference, known as COP27, will be held in Egypt in November.
How much funding Africa gets is the biggest factor for how prepared it will be for a hotter future, said Harsen Nyambe, the director of sustainable environment at the African Union Commission.
“We recall the $100 billion that was promised has never been fulfilled and current assessments show that even that amount is not enough,” Nyambe said, referring to a 12-year-old pledge by rich nations to provide climate funding for poorer nations.
“Africa must be given adequate time to transition and transform its energy infrastructure. We cannot transform abruptly. We need resources, capacity, technology transfer and finance to power our development,” he added.
A commitment made in the previous international summit in Glasgow to spend half of climate funds on helping developing nations adapt to the effects of a warming world by having infrastructure and agriculture that’s resilient to more volatile weather systems, must be followed through, said Jean-Paul Adam, director of climate change for the U.N.’s Economic Commission for Africa.
He added the continent only received about 7.5% of its promised $70 billion in climate funding between 2014 and 2018.
Africa needs around $3 trillion to fulfill its self-determined emissions targets, known as nationally determined contributions, that each country is required to submit as part of the 2015 Paris agreement on climate, according to U.N. and Africa Development Bank estimates.
More meetings between the continent’s climate leaders are set to follow ahead of COP27.
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Twid, a reward point-based payment solutions, has raised $12 million in Series A funding round led by Rakuten Capital.
The round saw participation from Google, ICMG Partners, JAFCO Asia, January Capital and Reddy Futures Fund and existing investors BEENEXT and Sequoia India’s Surge.
Funds raised will be used for scaling and building Twid merchant and issuer network, expanding product roll-outs, building tech capabilities primarily in Data Science and hiring. Previously, Twid has raised capital from investors such as BEENEXT and Sequoia India’s Surge in 2021.
Amit Koshal, Founder & CEO, Twid, said, “Twid is on a mission to revolutionise how rewards are viewed, understood, and used across platforms by creating a completely new network. We are bringing together various industry stakeholders nudging them towards a cashless ecosystem and future.”
With this funding round, Sunil Gopinath, CEO of Rakuten India, will join the Twid board of directors on behalf of Rakuten Capital, Rakuten Group’s corporate venture capital arm.
Founded in 2020 by Amit Koshal, Rishi Batra, and Amit Sharma, Twid is a network effect platform that combines multiple loyalty/reward points across issuers such as banks, fintech firms, and retail/e-commerce brands. It allows consumers to pay at offline and online stores with a ‘one-click-checkout’ experience using their reward points.
With over 40 million registered users, and 50,000 live merchants, Twid has a payment network of banks, brands, payment gateways, merchants, and customers, said the company.
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Liminal continues to expand its Principal Advisors team with extensive experience in growth markets, strategy, and digital identity solutions.
NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Today, Liminal announces Ken Allen joining their elite team of Principal Advisors. The leading consulting and advisory firm in digital identity guides clients through every rite of passage, from market entry, fundraising, and strategic evaluations to early company ideation and expansion through exit. The addition to Liminal's team is a direct result of the organization's focused commitment in partnering with globally recognized leaders who play a key role in accelerating innovation and growth in an evolving marketplace. Ken brings decades of experience and passion focused on the use of digital processes and services, coupled with utilization of mobile devices to improve the lives of people and to deliver customer-friendly experiences.
"We feel incredibly privileged to welcome Ken to Liminal's team of Principal Advisors," said Travis Jarae, CEO of Liminal. "Ken contributes expertise spanning across multiple verticals and demonstrable leadership in driving growth in both small and large companies. His passion for creating and delivering best-in-class user experiences is unrivaled. We look forward to collaborating with Ken on our go-to-market and delivering unparalleled service to our clients."
Ken Allen is a seasoned executive with extensive experience leading strategy through execution. He brings decades of experience in re-inventing products, solutions, platforms, and teams to compete and lead in growth markets. Ken is an investor and board member with over 20 years of experience advising CEOs and executives in early and growth-stage companies on their growth ambitions. He has held leadership roles in companies that include Western Union, Capital One, Socure, and Equifax. Ken holds a B.A. in finance from the Metropolitan State University of Denver and an M.B.A. from the University of Arkansas at Little Rock.
"I'm a firm believer that with proactive use of modern technology and first-principle design aspects, a precise balance of user experience with business controls can create unique and differentiated value," said Ken Allen. "This is an incredibly opportune time to evolve digital transformation journeys predicated on identity solutions. I am proud to join Liminal's mission in propelling the growth of this sector across different industry verticals and look forward to what we will be able to accomplish together."
Liminal is a boutique strategy advisory firm serving digital identity, fintech, and cybersecurity clients, and the private equity and venture capital community. Since 2016, we have offered objective, high-impact strategic advice, and analytical services, helping to support clients in crucial business decisions at all stages of the product and business lifecycle. We've advised many of the world's most innovative business leaders, investors, and government officials on building, buying, and investing in the next generation of integrated digital identity platforms and technologies. As a result, our clients trust us to set strategic direction in light of radically evolving ecosystem dynamics, pursue new growth strategies, capitalize on M&A opportunities, and optimize deal flow. We see the solutions to these complex digital challenges not as a 'what' but as a 'how.' We don't just tell you about the destination, we show you how to get there.
Contact: Kristen Grazia
Contact email: [email protected]
SOURCE Liminal Strategy Partners, LLC | https://www.prnewswire.com/news-releases/liminal-announces-ken-allen-as-principal-advisor-301597049.html | 2022-08-03T14:39:21 | en | 0.950927 |
HAMILTON, Bermuda (AP) _ Brookfield Infrastructure Partners LP (BIP) on Wednesday reported a key measure of profitability in its second quarter.
The real estate investment trust, based in Hamilton, Bermuda, said it had funds from operations of $513 million, or 67 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $70 million, or 13 cents per share.
The operator of utility, transportation and energy assets, based in Hamilton, Bermuda, posted revenue of $3.68 billion in the period.
The company's shares have declined roughly 2% since the beginning of the year. The stock has risen 10% in the last 12 months.
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HUEHUETENANGO, Guatemala (AP) — At dawn, police and federal agents with cover from helicopters flying overhead raided a large ranch nestled among the mountains of northern Guatemala, not far from the border with Mexico.
Unlike the ranch’s impoverished neighbors, inside authorities found horse stables, a swimming pool, late model vehicles, guns and a still drunk Felipe Diego Alonso, the alleged leader of a smuggling ring that moved migrants from Guatemala north to the United States.
The raid was part of several carried out Tuesday in four Guatemalan provinces against a migrant smuggling ring, for which authorities say they’ve documented $2 million in revenue since 2019.
Alonzo and three others arrested Tuesday were targets of U.S. prosecutors, wanted in connection with the death of a Guatemalan migrant in Texas last year. In total, authorities nabbed 19 alleged members of the smuggling ring.
The arrests came a month after 53 migrants, including 21 Guatemalans, died in a failed smuggling attempt when they were abandoned inside a sweltering trailer in San Antonio, Texas. There was no indication those arrested Tuesday were involved in the San Antonio tragedy.
The extradition of alleged migrant smugglers known as “coyotes” has been rare and these would be the first known cases in Guatemala of smugglers allegedly pursued for the death of a migrant in the United States.
Prosecutions of migrant smugglers in Guatemala have proven exceedingly difficult because migrants are almost never willing to identify or testify against their smugglers. In some cases they hope for another chance to migrate to the United States with the smuggler’s help and in others they are afraid of the smugglers or their organized crime connections.
Alonzo, appearing groggy in blue jeans and a white golf shirt, said he was an onion grower who also sometimes sold land and automobiles.
Some of the detainees were flown to Guatemala City for their initial court appearances.
The arrests come at a time of heightened tensions between Guatemala’s President Alejandro Giammattei and Washington.
The Biden administration has been outspoken in its criticism of perceived backsliding on corruption prosecutions. The U.S. government sanctioned Guatemala’s Attorney General Consuelo Porras, alleging she was an obstacle to anti-corruption work and was now pursuing judges and prosecutors who had worked on corruption cases.
It was the Attorney General’s Office backed by National Police that carried out the raids near the northern town of Huehuetenango at dawn Tuesday.
“This was an organized group dedicated to getting migrants with the proposal of transporting them to Mexico and then to the United States,” said Stuardo Campo, Guatemala’s prosecutor for migrant trafficking.
He said that the U.S. Department of Homeland Security had supported the operation. Guatemalan authorities had documented 11 operations by the smuggling network to move migrants since last October, but Campo did not say how many migrants were smuggled.
The four people arrested at the request of U.S. authorities are allegedly linked to the death of Marta Raymundo Corio who was found dead near Odessa, Texas after being smuggled through Mexico in early 2021.
Campo said the woman had died in a warehouse in Texas due to a lack of food and water and her relatives had requested the help of authorities in determining what had happened.
As Alonzo was led away Tuesday, he told authorities to take care of his animals. Speaking Kanjobal, an Indigenous language, he said “I’d rather they eat than I eat.” | https://cw33.com/news/international/ap-international/guatemala-arrests-migrant-smugglers-wanted-by-the-us/ | 2022-08-03T14:39:22 | en | 0.981149 |
Chennai-based debt marketplace, Yubi (formerly CredAvenue) on Wednesday announced its partnership with small lending platform, U GRO Capital to enable delivery of last-mile credit to the micro, small and medium enterprises (MSMEs) in the country.
Founded in 2020, Yubi facilitates debt financing for enterprises by connecting lenders and investors with corporate borrowers through an online marketplace. Its offerings include YubiLoans (term lending and working capital solutions), YubiCo. Lend (co-lending partnerships for banks, NBFCs), YubiInvest (bond issuance and investment for institutional and retail participants), YubiFlow (trade financing solutions) and YubiPools (end-to-end securitisation and portfolio buyouts).
Via a single API
The partnership will see the integration of Yubi Co.Lend and Yubi Flow with GRO–Xstream and GRO–Line platforms, respectively. As a result, U GRO Capital will gain access to Yubi Co.Lend’s vast network of banks, financial institutions and fintechs via a single API (application programming interface). Through Yubi Flow, U GRO Capital will also be able to finance the credit pipeline to channel partners of anchor corporations. These are essentially MSMEs whose cash flows and working capital will be positively impacted.
Tech-driven credit infra
“We are working towards accelerating financial inclusion in the country through a technology-driven credit infrastructure that powers discovery, execution and fulfilment. We are elated to partner with U GRO Capital with a shared vision to bridge the MSME credit gap in India by providing credit access to the unserved and underserved sectors in the country,” Gaurav Kumar, Founder and CEO of Yubi, was quoted in a press statement.
The release said GRO–Xstream and Yubi Co.Lend will provide MSMEs with financing of more than ₹2,000 crore by March 2023, through various partners on Yubi Co.Lend
“With our data-tech approach, we were able to head-start co-lending partnerships with top national banks. What started as an experiment, co-lending, has gathered momentum and acceptance across the industry. The scale of big banks combined with the agility and reach of nimble partnerships is going to be the bedrock of the transition of the lending industry. With Yubi’s tech-enabled credit infrastructure, we’ll be able to fast-track our initiatives to reach our mission of ‘solving the unsolved’ for the MSMEs,” said Shachindra Nath, Vice Chairman and Managing Director, U GRO Capital, said.
Yubi said its co-lending platform has helped in establishing more than 50 partnerships between originators and banks such as State Bank of India and Yes Bank with more than ₹5,000 crore of disbursements and 80,000 transactions per day in FY22.
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HUNT VALLEY, Md. (AP) _ Sinclair Broadcast Group Inc. (SBGI) on Wednesday reported a loss of $11 million in its second quarter.
On a per-share basis, the Hunt Valley, Maryland-based company said it had a loss of 17 cents. Losses, adjusted for non-recurring costs, were 3 cents per share.
The television broadcasting company posted revenue of $837 million in the period.
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US Speaker Nancy Pelosi’s unannounced trip to Taiwan, during her tour of Asia, has made China upset.
Ahead of her visit, China said that the US will “pay the price” if Pelosi visited Taiwan. “The US side will bear the responsibility and pay the price for undermining China’s sovereign security interests,” a Chines foreign ministry spokeswoman said.
Why is this visit so controversial? Could this visit put the US and China on a collision course? Listen in. | https://www.thehindubusinessline.com/multimedia/audio/podcast-nancy-pelosi-in-taiwan-why-is-china-upset-with-the-us/article65721449.ece | 2022-08-03T14:39:30 | en | 0.941153 |
TAIPEI, Taiwan (AP) — U.S. House Speaker Nancy Pelosi left Taiwan after a visit that heightened tensions with China, saying Wednesday that she and other members of Congress in her delegation showed they will not abandon their commitment to the self-governing island.
Pelosi, the first U.S. speaker to visit the island in more than 25 years, courted Beijing’s wrath with the visit and set off more than a week of debate over whether it was a good idea after news of it leaked. In Taipei she remained calm but defiant.
“Today the world faces a choice between democracy and autocracy,” she said in a short speech during a meeting with Taiwanese President Tsai Ing-wen. “America’s determination to preserve democracy, here in Taiwan and around the world, remains ironclad.”
Pelosi arrived at a military base in South Korea on Wednesday evening ahead of meetings with political leaders in Seoul, after which she will visit Japan. Both countries are U.S. alliance partners, together hosting about 80,000 American personnel as a bulwark against North Korea’s nuclear ambitions and China’s increased assertiveness in the South China and East China seas.
China, which claims Taiwan as its territory and opposes any engagement by Taiwanese officials with foreign governments, announced multiple military exercises around the island, parts of which will enter Taiwanese waters, and issued a series of harsh statements after the delegation touched down Tuesday night in the Taiwanese capital, Taipei.
Taiwan decried the planned actions, saying they violated the island’s sovereignty.
“Such an act equals to sealing off Taiwan by air and sea, such an act covers our country’s territory and territorial waters, and severely violates our country’s territorial sovereignty,” Capt. Jian-chang Yu said at a briefing by the National Defense Ministry.
The Chinese military exercises, including live fire, are to start Thursday and be the largest aimed at Taiwan since 1995, when China fired missiles in a large-scale exercise to show its displeasure at a visit by then-Taiwanese President Lee Teng-hui to the U.S.
Taiwanese President Tsai responded firmly Wednesday to Beijing’s military intimidation.
“Facing deliberately heightened military threats, Taiwan will not back down,” Tsai said at her meeting with Pelosi. “We will firmly uphold our nation’s sovereignty and continue to hold the line of defense for democracy.”
In Washington, John Kirby, spokesperson for the National Security Council, said Wednesday that the United States was anticipating more military drills and other actions from China in coming days as the country’s armed forces “flex their muscles.”
Still, “we don’t believe we’re at the brink now, and there’s certainly no reason for anybody to be talking about being at the brink going forward,” Kirby said on ABC’s “Good Morning America.”
China’s official Xinhua News Agency announced the military actions Tuesday night, along with a map outlining six different areas around Taiwan. Arthur Zhin-Sheng Wang, a defense studies expert at Taiwan’s Central Police University, said three of the areas infringe on Taiwanese waters, meaning they are within 12 nautical miles (22 kilometers) of shore.
Using live fire in a country’s territorial airspace or waters is risky, said Wang, adding that “according to international rules of engagement, this can possibly be seen as an act of war.”
Pelosi’s trip has heightened U.S.-China tensions more than visits by other members of Congress because of her high-level position as leader of the House of Representatives. She is the first speaker of the House to visit Taiwan in 25 years, since Newt Gingrich in 1997. However, other members of Congress have visited Taiwan in the past year.
Tsai, thanking Pelosi for her decades of support for Taiwan, presented the speaker with a civilian honor, the Order of the Propitious Clouds.
China’s response has been loud and has come on multiple fronts: diplomatic, economic and military.
Shortly after Pelosi landed Tuesday night, China announced live-fire drills that reportedly started that night, as well as the four-day exercises starting Thursday.
The People’s Liberation Army Air Force also flew a contingent of 21 war planes Tuesday night, including fighter jets, toward Taiwan. Chinese Vice Foreign Minister Xie Feng also summoned the U.S. ambassador in Beijing, Nicholas Burns, to convey the country’s protests the same night.
On Wednesday, China also banned some imports from Taiwan, including citrus fruit and fish.
Chinese state broadcaster CCTV published images of PLA drills on Wednesday, although it was unclear where they were being conducted. On Wednesday night, China flew an additional 27 fighter jets toward Taiwan.
CCTV also said that a Taiwanese citizen was detained on suspicion of inciting separatism. Yang Chih-yuan, originally from the city of Taichung, was shown surrounded by police in a CCTV video. Yang had been a candidate for a legislative position in New Taipei City, according to local media.
Pelosi addressed Beijing’s threats Wednesday morning, saying she hopes it’s clear that while China has prevented Taiwan from attending certain international meetings, “that they understand they will not stand in the way of people coming to Taiwan as a show of friendship and of support.”
She noted that support for Taiwan is bipartisan in Congress and praised the island’s democracy. She stopped short of saying that the U.S would defend Taiwan militarily, emphasizing that Congress is “committed to the security of Taiwan, in order to have Taiwan be able to most effectively defend themselves.”
Her focus has always been the same, she said, going back to her 1991 visit to Beijing’s Tiananmen Square, when she and other lawmakers unfurled a small banner supporting democracy two years after a bloody military crackdown on protesters at the square. That visit was also about human rights and what she called dangerous technology transfers to “rogue countries.”
Pelosi visited a human rights museum in Taipei that details the history of the island’s martial law era and met with some of Taiwan’s most prominent rights activists, including an exiled former Hong Kong bookseller who was detained by Chinese authorities, Lam Wing-kee.
Pelosi, who is leading the trip with five other members of Congress, also met with representatives from Taiwan’s legislature.
“Madam Speaker’s visit to Taiwan with the delegation, without fear, is the strongest defense of upholding human rights and consolidation of the values of democracy and freedom,” Tsai Chi-chang, vice president of Taiwan’s legislature, said in welcome.
The administration of U.S. President Joe Biden has sought to tone down the volume on the visit, insisting there’s no change in America’s longstanding “one-China policy,” which recognizes Beijing but allows informal relations and defense ties with Taipei.
Pelosi said her delegation has “heft,” including Gregory Meeks, chair of the House Foreign Affairs Committee, and Raja Krishnamoorthi from the House Intelligence Committee. Reps. Andy Kim and Mark Takano are also in the delegation.
She also mentioned Rep. Suzan DelBene, whom Pelosi said was instrumental in the passage of a $280 billion bill aimed at boosting American manufacturing and research in semiconductor chips — an industry that Taiwan dominates and is vital for modern electronics.
Pelosi’s Asia tour also included stops in Singapore and Malaysia. | https://cw33.com/news/international/ap-international/pelosi-says-us-will-not-abandon-taiwan-as-china-protests/ | 2022-08-03T14:39:29 | en | 0.961507 |
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JERSEY CITY, N.J., Aug. 3, 2022 /PRNewswire/ -- InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Lyophilization Services for Biopharmaceuticals Market By Type of Biologic Lyophilized (Antibodies, Cell and Gene Therapies, Vaccines, and Other Biologics), Type of Primary Packaging System (Vials, Syringes, Cartridges, Ampoules, and Others))- Trends, Industry Competition Analysis, Revenue and Forecast To 2030."
According to the latest research by InsightAce Analytic, the global lyophilization services for biopharmaceuticals market is valued at US$ 774.86 million in 2021, and it is expected to reach US$ 1788.10 million by 2030, with a CAGR of 10.1% during the forecast period of 2022-2030.
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The Lyophilization process is nothing but the freeze-drying process used to enhance the shelf life of heat-sensitive drugs and to make the material more convenient for transport. Also, the process is used as an alternative for cryopreservation in the case of cells and tissues. Lyophilizer device is used to implement the lyophilization process with all necessary arrangements. The process acts in three steps: freezing, pressure reduction, and heat addition, which allow the water in the material to sublimate.
Factors such as growing demand for convenient packaging of heat-sensitive drugs and funding for industrial developments in lyophilization techniques, expansions and collaboration for research and developments in manufacturing facilities are likely to witness significant market growth. In addition, accelerated study on method validation and updating research according to problems that occurred during the process will boost the growing market. As lyophilization enhances the shelf life of drugs like vaccines, many pharmaceutical companies will adopt this technique, offering more growth opportunities and challenges to the lyophilization service market. The high cost of processing and maintenance of machines, the complexity of method requirements, and usage restrictions like application for heat liable and unstable products will restrain the market growth. Low-cost alternatives like the spray drying process and strict regulatory guidelines will obstruct market growth.
North America and Asia Pacific are leading contributors for the global lyophilization services for biopharmaceuticals markets in the coming forecasting period (2022-2030) due to massive expansions of production facilities and additional funding for lyophilization method improvements than other regions.
Major market key players are AB BioTechnologies, Inc., Curia (AMRI), ATTWILL Medical Solutions, Axcellerate Pharma LLC., Baxter BioPharma Solutions, Berkshire Sterile Manufacturing, Inc., Biofortuna Ltd, BioZed Engineering, CinnaGen, CordenPharma, Curia, Emergent BioSolutions, Jubilant HollisterStier LLC, LSNE Contract Manufacturing, Lyophilization Technology, Inc., MabPlex, Northway Biotech, ProJect Pharmaceutics, Samsung Biologics, Synerlab Group, Vetter Pharma, and WuXi Biologics.
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Key developments in the market
- In Nov 2021, Baxter BioPharma announced an around $100 million expansion of its sterile fill/finish manufacturing facility in Germany. This strategic investment expanded the BPS manufacturing footprint and added state-of-the-art equipment to help products achieve stability and improved shelf life through lyophilization (freeze-drying).
- In July 2021, Curia acquired Integrity Bio, Inc. to accelerate growth strategy and our existing expertise, enhancing our biologics drug formulation development and fill-finish network. Integrity Bio also adds West Coast coverage to Curia's East Coast and European capabilities.
- In July 2020, Samsung Biologics announced the expansion of its drug product manufacturing facility for flexible production capabilities for new and existing clients. This expansion will increase the lyophilization capacity by 246 % of the current total.
Market Segmentation:
Global Lyophilization Services for Biopharmaceuticals Market, by Type of Biologic Lyophilized, 2022-2030 (Value US$ Mn)
- Antibodies
- Cell and Gene Therapies
- Vaccines
- Other Biologics
Global Lyophilization Services for Biopharmaceuticals Market, by Type of Primary Packaging System, 2022-2030 (Value US$ Mn)
- Vials
- Syringes
- Cartridges
- Ampoules
- Others
Global Lyophilization Services for Biopharmaceuticals Market, by Region, 2022-2030 (Value US$ Mn)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
North America Lyophilization Services for Biopharmaceuticals Market, by Country, 2022-2030 (Value US$ Mn)
- U.S.
- Canada
Europe Lyophilization Services for Biopharmaceuticals Market, by Country, 2022-2030 (Value US$ Mn)
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
Asia Pacific Lyophilization Services for Biopharmaceuticals Market, by Country, 2022-2030 (Value US$ Mn)
- India
- China
- Japan
- South Korea
- Australia & New Zealand
Latin America Lyophilization Services for Biopharmaceuticals Market, by Country, 2022-2030 (Value US$ Mn)
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa Lyophilization Services for Biopharmaceuticals Market, by Country, 2022-2030 (Value US$ Mn)
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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Why should buy this report:
- To receive a comprehensive analysis of the prospects for the global Lyophilization Services for Biopharmaceuticals Market
- To receive an industry overview and future trends of the Lyophilization Services for Biopharmaceuticals Market
- To analyze the Lyophilization Services for Biopharmaceuticals Market drivers and challenges
- To get information on the Lyophilization Services for Biopharmaceuticals Market size (Value US$ Mn) forecast to 2030
- To get information on significant investments, mergers & acquisitions in the Lyophilization Services for Biopharmaceuticals Market industry
Other Related Reports Published by InsightAce Analytic:
Global Cell Therapy Packaging Products and Services Market
Global Biopharmaceutical Excipient Manufacturing Market
Global Proteome Profiling Services Market
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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SOURCE InsightAce Analytic Pvt. Ltd. | https://www.prnewswire.com/news-releases/lyophilization-services-for-biopharmaceuticals-market-worth-1-78-billion-by-2030---exclusive-report-by-insightace-analytic-301599083.html | 2022-08-03T14:39:33 | en | 0.860146 |
LEBEC, Calif. (AP) _ Tejon Ranch Co. (TRC) on Wednesday reported a loss of $667,000 in its second quarter.
The Lebec, California-based company said it had a loss of 3 cents per share.
The real estate development company posted revenue of $9.3 million in the period.
_____
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Andhra Pradesh Chief Minister YS Jagan Mohan Reddy has ordered the setting up of a high-level committee to probe the gas leak incident at Atchutapuram SEZ near Anakapalle. Around 90 employees were hospitalised after a chemical gas leak at Seeds Intimate Apparel India Private Limited (Seeds), located within the Brandix India Apparel City (BIAC), in Anakapalli district on Tuesday evening.
The Chief Minister held a review meeting in Amaravati on Wednesday and ordered the probe into the gas leak incident. The probing team will identify the cause for the mishap and the steps to be taken to prevent such incidents in the future.
Apart from the industry in question, safety audit should also be carried out at all the industries in the State, Reddy said.
Pending enquiry, the government is likely to order the shutdown of the unit, according to a senior official.
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MOGADISHU, Somalia (AP) — A former deputy leader of the al-Shabab extremist group has been named a government minister by Somalia’s new administration in what some call a chance to persuade fighters to denounce violence.
Mukhtar Robow was given the post of religious affairs minister, the government of President Hassan Sheikh Mohamud said Tuesday. Not all Somalis supported his ministerial appointment, with some calling it disrespectful to those who lost loved ones in al-Shabab attacks.
Robow, who once had a $5 million U.S. bounty on his head, defected from the al-Qaida-linked al-Shabab in 2017 and at first was greeted with praise by Somalia’s government. But when he tried to seek the leadership of the country’s Southwest region in 2018, he was detained.
The reason behind Robow’s arrest has never been made clear, Somalia’s current president on multiple occasions has said the detention had no legal grounds. Somalia’s government didn’t comment on his appointment Tuesday.
Robow, who is believed to be in his early fifties, studied Islamic law in Sudan and is believed to have participated in the anti-Soviet fighting in Afghanistan. He once praised Osama bin Laden and tried to impose an Islamic state in Somalia. In 2008, the U.S. imposed sanctions on him and named him a “specially designated global terrorist.”
He left al-Shabab after a dispute with the group’s hardliners. “I disagreed with their creed, which does not serve Islamic religion,” he said at the time.
His defection occurred shortly after the U.S. removed the bounty from his head at the Somali government’s request. Somalia has engaged in U.S.-backed efforts encourage fighters to leave al-Shabab in the belief that each defection exposes weakness in the extremist group, which has thousands of fighters and still controls large parts of the rural south and central regions. | https://cw33.com/news/international/ap-international/somalia-names-former-al-shabab-deputy-a-government-minister/ | 2022-08-03T14:39:36 | en | 0.981292 |
Vast majority of manufacturing decision-makers currently offer or plan to develop EaaS business model
CHICAGO, Aug. 3, 2022 /PRNewswire/ -- Manufacturing business leaders across the U.S. currently face a myriad of challenges creating a pronounced need to enhance business resiliency and improve customer intimacy – and they see the Equipment-as-a-Service business model as a solution to accomplish just that.
Equipment-as-a-Service (EaaS) is a value-add business model where an OEM rents equipment to end users instead of selling it outright in a one-time purchase. To better understand current sentiments toward EaaS within the manufacturing industry, global Industrial Internet of Things (IIoT) company relayr collaborated with research firm Forsa to survey 200 manufacturing business leaders across the United States. Questions posed to respondents sought to gauge insights on attitudes toward EaaS, including perceived value of EaaS business models, key factors driving adoption, and challenges and obstacles preventing successful implementations.
"Our research data shows that manufacturing leaders recognize Equipment-as-a-Service as a transformative business model to enhance operational resiliency against a rapidly evolving global business landscape," said Jessica Poliner, CEO of relayr. "Not only can EaaS strengthen an organization's bottom line, it provides greater opportunities to engage with customers on a more consistent basis – leading to higher levels of customer intimacy and relationship-building that are critical for success in today's manufacturing business landscape."
Based on survey feedback from OEMs, 76% of respondents either currently offer EaaS or harbor plans to develop the model as an option for customers – with 81% of those wanting to begin exploring the shift within the next year. Of those that have already implemented an EaaS model, 78% credit it with breeding significant revenue growth for their business.
OEMs noted several factors driving adoption of EaaS, including the opportunity to build stronger customer relationships (38%), enabling data-driven improvements to machine function, capacity and operations (35%), and introducing more innovative pricing (33%).
To the end users of equipment, EaaS is deemed valuable to those eager to keep their equipment at the cutting edge of technology – with 32% of respondents crediting the model with helping them do so. Another 32% of users surveyed cited the opportunity for predictive maintenance as a primary benefit to EaaS, and 21% cited resiliency to crises as a top benefit.
While OEMs are having an easier time warming to the concept of EaaS, more education is needed across the value chain. Thirty-four percent of equipment users are unaware of EaaS, and 50% feel they need more information on its function and purpose – as well as what type of role OEMs take and how that relationship will take shape – before making any commitments.
This leaves OEMs with an important task: taking their own understanding of the value of EaaS – in which they are confident enough to have implemented the model – and articulating that value to their customers.
The survey also uncovered the primary concerns related to the implementation and adoption of EaaS. The top-cited concern for OEMs was the high degree of customization and complexity required (28%). For users, worries about disclosure of data content/data security were of primary importance (35%), while concerns about dependence on the provider of the EaaS model came in close behind at 34%.
To download the full research report, click here.
About relayr
Relayr is the Industrial Internet of Things (IIoT) powerhouse delivering the most complete solutions for a risk-free digital transformation and supporting our customer on the journey to Equipment as a Service.
We enable industrial companies to shift from CAPEX to OPEX-based offerings by providing a combination of unique IIoT technology and solutions with powerful business services such as IoT Financial Services or bespoke transformation de-risking instruments – all from a single source.
With relayr, manufacturers, operators, and service companies for industrial equipment are empowered to implement fully interoperable Industrial IoT solutions guaranteed to enable their digital and Equipment as a Service transformation journey, regardless of their starting point.
To learn more about relayr, visit www.relayr.io.
SOURCE relayr | https://www.prnewswire.com/news-releases/manufacturing-industry-survey-shows-business-leaders-embracing-equipment-as-a-service-to-improve-operational-resiliency-301599091.html | 2022-08-03T14:39:39 | en | 0.943134 |
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NEW YORK (AP) — Country superstar Dolly Parton, who made a big donation to help fund coronavirus vaccine research in 2020, is among this year's Carnegie Medal of Philanthropy recipients.
Also being honored are Dallas entrepreneur Lyda Hill, Kenyan industrialist Manu Chandaria, and Lynn and Stacy Schusterman, from the Oklahoma investment family.
The award, presented by the international family of Carnegie institutions to honor innovative philanthropists, debuted in 2001 and is normally awarded every two years. It was not issued in 2021 due to the pandemic.
The 2022 honorees will receive their medals in a private ceremony in New York on Oct. 13. A priority of the ceremony is fostering personal meetings to encourage the exchange of ideas and spur potential collaboration — something this year’s honorees have already done, said Eric Isaacs, president of the Carnegie Institution for Science and a member of the medal selection committee.
Parton’s $1 million donation to Vanderbilt University Medical Center has received plenty of attention. But her fellow honoree Hill, through her Lyda Hill Philanthropies, was also an early donor to the work that would yield the Moderna COVID-19 vaccine.
“I invested before it was anything,” Hill told The Associated Press. “One of the things that Warren Buffett said that stuck with me was, ‘Don’t do what other people can do and will do. Do what other people can’t do and won’t do. And take risks.’ I have had to apply that to my philanthropic investments.”
Hill, who focuses her funding on advances in science and nature conservancy, as well as supporting women in those careers, said she never did get a Moderna shot.
“Unfortunately,” Hill said, “when I went to get my vaccine, I rolled my sleeves up and said, ‘What do you got?’ And she said, ‘Pfizer.’ I said, ‘OK.’”
Parton, in a statement, said she was honored to receive the Carnegie Medal of Philanthropy.
“I’ve always believed that if you are in a position to help, you should help, and I truly hope that I can be an inspiration for others to lift up those around them,” said Parton, who will be inducted into the Rock and Roll Hall of Fame in November, and makes most of her donations through her Dollywood Foundation. “Whether through my Imagination Library or giving to COVID-19 research, I try to support things that have a special meaning for me. I hope everyone can find something they’re passionate about supporting and do what they can to help make this world a better place.”
Considering the intense need created by COVID-19, the pandemic was top of mind while the selection committee was making its decisions, Isaacs said.
“Obviously, this is a very difficult time with the pandemic,” he said. “But we think environmental issues are probably equally, if not more, impactful in the sense that pandemics like COVID-19 are likely to become more frequent as the atmosphere heats up. I think we take the long view in terms of our selections.”
The Schustermans exemplify philanthropists whose donations have made a long-lasting impact, in addition to making timely grants to address current needs.
The Charles and Lynn Schusterman Family Foundation was established in 1987 to invest in systemic change in the United States and Israel on matters of justice and equity. When Charles died in 2000, Lynn Schusterman took over the foundation, expanding its work and becoming an outspoken advocate for inclusion, especially for the LGBTQ community. In 2018, their daughter Stacy Schusterman took over the foundation, which changed its name last year to Schusterman Family Philanthropies and now also includes work in reproductive equity, voting rights and criminal justice — all hot-button issues this summer.
“I hope that work like this will inspire other people to give more now,” Stacy Schusterman told the AP. “It’s important for people to give a meaningful percentage of their family’s assets. And I think the partnership that can exist between philanthropy and the communities that we’re seeking to help is vital. Government can’t address all problems.”
She said she’s thrilled to be carrying on her parents’ work and that she will be celebrated with her mom.
“I’m really excited that we’re being honored together,” she said. “It’s fun to have it happen as a mother-daughter team.”
The Chandaria Foundation had its start as a family enterprise in the 1950s, though the Kenyan-born industrialist of Indian descent had to do some convincing before it began.
When he first brought up the issue, Chandaria remembers his father asking if something was wrong with him and whether he had lived in the United States too long. “We are not the Rockefellers,” Chandaria’s father told him. “You better get to work. There’s a big hole over there.”
But by 1956, they had established a charitable organization providing scholarships in Kenya and, decades later, its work has expanded into building education and healthcare infrastructure in Africa.
“It’s a basic principle of the Gandhian philosophy: If you have wealth, you are not owners of the wealth,” said Chandaria, who also attributes generosity to being a follower of the Indian religion Jainism. “You really should go and help others who cannot help themselves.”
Isaacs said the Carnegie Medal of Philanthropy is meant to recognize the work of the honorees in their various fields and locations. This year, the Carnegie institutions will also launch the Carnegie Catalyst award to “celebrate the transformative power of human kindness,” which will go to World Central Kitchen, the anti-hunger nonprofit founded by chef Jose Andres.
That award was inspired by the late Vartan Gregorian, the president of the Carnegie Corporation of New York and the co-founder of the Carnegie Medal of Philanthropy, who died in 2021.
“World Central Kitchen is an outstanding model of how humankind can respond in times of dire need by activating the inherent goodness in others — an ideal that was embodied through the life and work of Vartan Gregorian,” Thomas H. Kean, chairman of Carnegie Corporation of New York’s board of trustees and former governor of New Jersey, said in a statement.
____
Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of AP’s philanthropy coverage, visit https://apnews.com/hub/philanthropy. | https://www.myjournalcourier.com/entertainment/article/Dolly-Parton-among-Carnegie-Medal-of-Philanthropy-17347854.php | 2022-08-03T14:39:41 | en | 0.974018 |
An injured Russian crew member of the Liberian-flagged merchant vessel ‘Siem Socrates’ was allowed emergency disembarkation at Vizhinjam minor port near here. Dmitrii Bytensko, employed as a wiper, had suffered a serious leg injury in the engine room of the vessel on Friday last. He is recovering at the SP Fort Hospital in Thiruvananthapuram.
Request from Kochi
The vessel was en route to Singapore from Aqaba, Jordan, when a heavy overhead installation gave way and plunged to the floor, injuring Bytensko, Dileep Vaman, Agency Manager for Sea Max Marine Services, Vizhinjam, told BusinessLine. The injured crew member needed to be disembarked at the nearest port for immediate medical care. The call for emergency assistance had come from Capt Santosh Kumar, the director of the steamer agency in Kochi.
The request was flashed to Immigration, Thiruvananthapuram; Vizhinjam port; Customs, Vizhinjam; and Port Health Organisation, Cochin. All the agencies collectively organised the emergency evacuation at the Outer Anchorage. The injured man was lowered to the port tug ‘Dhwani’, brought ashore and shifted to hospital. Ratheesh C Nair, Honorary Consul of the Russian Federation in Thiruvananthapuram, and Director, Russian Cultural Centre, called on Bytensko and offered all assistance.
No more crew changes
The entire episode has served to turn the spotlight back on the now suspended crew change facility offered at Vizhinjam minor port to vessels sailing on the international route from Suez Canal to the Far East. The service was discontinued recently, following an order from the Directorate-General of Shipping, which provoked sharp criticism from shipping industry, the Kerala Maritime Board, and the State government.
Vessels that do not normally dock at Indian ports chose Vizhinjam for crew change due to its proximity to international shipping channels and its deep draft, especially during the Covid pandemic, yielding direct and indirect revenue to the Kerala government. But now, only previously scheduled crew changes are allowed, with the only exception being medical emergencies of the kind involving the Russian sailor, Vaman explained.
‘Arbitrary move’
Elias John, President, Vizhinjam Mother Port Action Council, said the suspension of crew change at Vizhinjam smacks of arbitrariness and ineptitude. The operation fetched revenues by way of port dues, outer anchorage, channel fee, vehicle entry and tug hire charges. Over 1,000 crew changes have been facilitated so far, benefiting transcontinental shipping companies while also stimulating the local economy through additional jobs in the travel, tourism and hospitality sectors.
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KRAMATORSK, Ukraine (AP) — Maryna Havrysh struggled to hold back her tears as she helped a group of volunteers load her elderly parents into an evacuation van in Kramatorsk, near the front line of Russia’s war on Ukraine.
Her 84-year-old father, Viktor Mariukha, was carried by stretcher out of the house, while her mother Lidia, 79, held a cane as volunteers held her under each arm. As the couple left the home they had shared for nearly 70 years to begin a journey to a nursing home in western Ukraine, their daughter offered them words of comfort.
But when the van’s sliding door closed, Maryna burst into sobs.
“I understand that this will be the last time that I ever see them,” said Maryna, who decided to remain in Kramatorsk with her husband to continue working. “You see their age, I can’t give them the proper care.”
The evacuation of Maryna’s parents, carried out by volunteers with a Ukrainian aid group, came days after President Volodymyr Zelenskyy issued an order to all those remaining in the country’s embattled Donetsk region to evacuate as soon as possible as Russian forces press deeper into the region.
“The more people leave Donetsk region now, the fewer people the Russian army will have time to kill,” Zelenskyy said.
Even as the August weather remains warm in eastern Ukraine, authorities are preparing for the cold months of fall and winter, when they fear that many of the roughly 350,000 residents still inside Donetsk may not have access to heat, electricity or even clean water.
On Tuesday, Ukraine’s deputy prime minister, Iryna Vereshchuk, said a train carrying evacuees from Donetsk had arrived in central Ukraine, representing the start of what authorities are describing as a compulsory evacuation effort that would take 200,000-220,000 people out of the eastern province by fall.
On the outskirts of Kramatorsk, which has undergone frequent Russian shelling, volunteers have set up a collection point for gathering evacuees who are then transported to the nearest working train station in Pokrovsk, 50 miles (85 kilometers) to the southwest.
As she struggled to board the van bound for the train station, Valentyna Abramanovska, 87, carried only a black-and-white photograph of her mother and sister taken nearly 50 years ago on the Sea of Azov, a memento of her life to carry with her.
“God help me, God help me,” she repeated as she crossed herself with trembling hands. “I think I’m going crazy.”
Abramanovska said she’d been terrified after the bombings in her village became “a nightmare,” and was persuaded by her daughter to leave.
She still has childhood memories, she said, of German soldiers who occupied Ukraine during World War II. But for her, the experience of Russian bombardment has been far worse.
“They are beasts, jackals. God forgive me for what I’m saying,” she said. “How is it possible? They are killing children.”
While the government’s order to evacuate has convinced some of those left in the Donetsk region to flee, others are resistant.
Nina Grandova’s third-floor apartment in Kramatorsk was damaged by Russian shelling in July, and her disabled husband, Yurii, has been living in the building’s dingy basement since the Russian invasion began on Feb. 24.
Yet she said they have no plans to leave, and has been collecting firewood in the yard of her building to cook with over in winter. She is willing to sign a document required by authorities declaring that those who stay take responsibility for their own lives, she said.
“I have nowhere to go. I have to take care of my husband,” she said. “What will happen will happen.”
After being transported to the train station in Pokrovsk, hundreds of evacuees climbed onto the sweltering train for the several-hour journey west to the city of Dnipro.
Standing on the platform with her young daughter, Viktoria, a young mother from the eastern city of Bakhmut said the danger posed by shelling and the prospect of a winter without heat had convinced her to flee.
“We already have problems with electricity and no gas, so I think families with children will be the first to leave,” she said.
Moments before the train lurched into motion toward the west, an air raid siren pierced the air.
___
Follow all AP stories on the war in Ukraine at https://apnews.com/hub/russia-ukraine. | https://cw33.com/news/international/ap-international/some-flee-others-defy-order-to-leave-eastern-ukraine-region/ | 2022-08-03T14:39:43 | en | 0.975441 |
– Free Amazon Search Trends Tool Reveals Patterns in Consumer Search Behavior by Brand and Category –
BOSTON, Aug. 3, 2022 /PRNewswire/ -- Momentum Commerce, a modern digital retail consultancy, today announced the launch of its Amazon Search Trends Tool. The free interface provides comprehensive views into what search terms are most associated with a certain brand's products on Amazon, what search terms present the biggest potential opportunities for a brand, along with individual search term volume on Amazon over time.
In this way, the Amazon Search Trends Tool by Momentum Commerce addresses a major blind spot for brands. Many brands and investors are accustomed to using Google Trends data to plan new product development or inform their merger and acquisition strategy. However, transactional search activity has increasingly migrated from Google to Amazon, creating a gap in the market for this type of intelligence.
Amazon's own reporting on search frequency is limited to simple ranks on a monthly, weekly, or daily basis, with no ability for brands or investors to truly discern how many actual times a given term is searched, and how that shifts over time. This presents understandable roadblocks when setting a strategy around modifying product detail page content to maximize discoverability, where to focus additional advertising spend, or researching a product or brand's trajectory on Amazon.
"Many of our strategy consulting clients rely on Amazon search data to inform strategic decision making surrounding what products to develop or brands to acquire," said Eileen Devor, Head of Strategy at Momentum Commerce. "The new Amazon Search Trends tool unveils this data quickly and simply, speeding up that research and decision-making process."
Users of Momentum Commerce's Amazon Search Trends Tool simply select one of over 50,000 brands selling on Amazon. Momentum Commerce's expansive data set and advanced data science capabilities then provide a series of breakdowns around that brand's presence and opportunity on Amazon.
Each of these breakdowns comes with actual monthly search volume estimates since October 2021 attached, with full data tables and interactive visualizations:
- All Terms – all search terms where the selected brand's products appear on the first page of results, along with search terms where highly relevant competitive products appear
- Brand Terms – search terms where the selected brand's name is in the search query itself
- Direct Terms – all search terms where the selected brand's products appear on the first page of results
- Opportunity Terms – all search terms where the selected brand's products do not appear on page 1 of the search results, but highly relevant competitive products do appear
"Our team manages hundreds of millions of dollars in Amazon Advertising spend on behalf of our clients. Getting the results they are looking for requires staying continually ahead of the curve," said Noah Jones, Lead Retail Media Analyst at Momentum Commerce. "While we cannot directly control how often consumers search for our client's products, if we measure activity changes carefully, it's easier to confidently adapt our approach to improve marketing outcomes."
The Amazon Search Trends Tool sits alongside Momentum Commerce's well-known free Amazon Brand Index, which ranks tens of thousands of brands based on paid and organic share of voice on Amazon.com by week over the past year. The new interface's launch comes just weeks after Momentum Commerce's interactive Prime Day Brand Scoreboard, recapping the activity of hundreds of thousands of different brands across more than 1,500 categories during Amazon Prime Day 2022.
"Amazon remains a proverbial black box across a number of areas. Our experience in building tools that illuminate these sources of intelligence is that it helps makes brands and investors better informed, and naturally make better decisions," said John T Shea, CEO and Founder of Momentum Commerce. "The Momentum Commerce Amazon Search Trends Tool, and our decision to give this technology to the market for free, is just one step further in our mission to become the most respected consultancy in data-driven eCommerce sales and marketing."
The Amazon Search Trends Tool is available for free with no sign up required and can be found at https://app.momentumcommerce.com/apps/amazon-search-trends.
Momentum Commerce is a modern consultancy offering brands flexible technology and professional services to grow sales on digital retail platforms such as Amazon, Walmart.com and Target.com. Comprised of half technologists and half consultants, Momentum Commerce's team provides unrivaled data assets with a scientific approach to retail media management, insights services, and bespoke projects brands need to meet their growth goals. With a mission to be the most respected firm in the space, Momentum Commerce brand clients include emerging and enterprise brands such as Crocs, Chaps, Lush Decor, Level Home, XMONDO and many more. For more information, please visit https://momentumcommerce.com.
SOURCE Momentum Commerce | https://www.prnewswire.com/news-releases/momentum-commerce-launches-new-amazon-search-trends-tool-301598884.html | 2022-08-03T14:39:45 | en | 0.922333 |
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It may be common etiquette to not spoil the end of a film, but Ron Howard learned years ago on “Apollo 13” that knowing the outcome of a story is different from knowing the story itself. And though the 2018 rescue of the Thai boys’ soccer team and their coach is considerably fresher in our collective memories, Howard saw in it a similar opportunity.
“You may know on a headline basis that things worked out well, but you don’t know what kind of personal struggles may be in store for the key characters,” Howard said. “Through dramatization, through good acting and scenes and moviemaking, you begin to connect emotionally with the characters in a way that you just can’t with a straight documentary or with news coverage.”
The story was in some ways tailor made for a Hollywood film with its happy ending and straightforward acts of heroism. The 18-day saga has already inspired a great documentary, “ The Rescue, " and several other projects. But the reality of making “Thirteen Lives," now playing in theaters in select cities and available on Prime Video Friday, was an enormously complex and sometimes harrowing endeavor. Even Howard said it ranks in the “upper quadrant” of his most challenging films.
And it wasn’t just about the difficulties of filming the dangerous cave diving in the narrow, underwater corridors of Tham Luang Lang Non, which were recreated for the film by production designer Molly Hughes, but of telling the stories of all the people who helped make the impossible mission successful. As everyone would quickly come to realize, there were quite a few people worthy of the camera's focus. There were the British divers and the Thai Navy SEALS, of course, but also the parents, the boys and the coach in the cave, the public servants managing the crisis and the thousands of foreign and local volunteers who contributed in big and small ways.
“I felt a little bit like a conductor,” Howard said. “Logistically, it was very complicated. And I felt a deeper responsibility to getting this right on behalf of those involved than probably any other movie that I’ve made based on real events.”
Because of COVID-19 travel restrictions, the bulk of filming took place in Queensland, Australia, with additional photography in Thailand that Howard had to direct remotely. It was a hurdle for him because top of mind was making sure the story was as authentically Thai as possible. He enlisted a team of Thai artists and producers to help, including the great cinematographer Sayombhu Mukdeeprom (“Call Me By Your Name”).
“I knew that that was not only the right thing to do, but I sensed that it would be, you know, terrible if we got it wrong,” Howard said.
Another was producer Raymond Phathanavirangoon, who was tasked with infusing William Nicholson’s (“Gladiator”) script with details and nuances of Northern Thai culture, from the proper way to style a visiting Burmese Monk, to the use of prayer and regional accents.
“A large portion of the film is in Thai, which is quite an unusual thing for a Hollywood film,” Phathanavirangoon said. “We painstakingly tried to get the accents right. Even in Thai cinema, you rarely hear people speak with a Northern accent.”
Naturally, though, there is a focus on the British divers who swam the boys and the coach out of the cave one by one. The roles attracted the likes of Viggo Mortensen (as Rick Stanton), Colin Farrell (as John Volanthen) and Joel Edgerton (as Dr. Harris), who developed close relationships with their real-life counterparts.
“What they do as a pastime is kind of beyond my comprehension,” said Farrell. “They really are subterranean explorers. And talking to them, I suppose the most amazing thing was the normality that they exude. They’re not adrenaline junkies.”
Going in, the plan was for the actors to do some of the cave diving and to supplement it with stunt double work. There would be a dive supervisor in Andrew Allen and an underwater director of photography in Simon Christidis. But somewhere in the intense three-week training, the decision was made that the actors would do most of the cave scenes themselves.
“I kind of blame the Viggo,” Farrell laughed. “He was the one that was insisting that we should do it. But I was in for a penny, in for a pound.”
Stanton and Jason Mallinson (played in the film by Paul Gleeson) were also on set, and often in the water alongside the actors coaching them through the process. And it was scary at times, especially for Farrell who said he is not the strongest swimmer.
“It was as safe and controlled as it could be. But there was a couple of times it was rather nerve-racking,” Farrell said. “Full scale panic attack maybe wasn’t exactly what I had but there were moments of anxiety, a very real anxiety. I suppose I’m describing a panic attack of sorts, albeit a light one.”
But everyone was also keenly aware that their experience was just a small fraction of the life and death stakes of the actual mission. It wasn’t a set, Mortensen said, where people were complaining about the breakfast burritos, the coffee or the weather, especially with the real divers close by.
“It was high demand. It was difficult,” said Tom Bateman, who plays diver Chris Jewell. “But we’re just holding the candle up to some incredible people. Never once did anyone complain.”
And in “Thirteen Lives,” everyone had a shared sense of purpose. It is, after all, a rare real life example of selflessness and global collaboration that didn’t have to be dramatized much at all.
“I’m very happy to be in it not just because it’s Ron Howard and it’s a great adventure story and also very entertaining. But it’s an important story,” Mortensen said. “It’s an important example of people doing the right thing together and a huge amount of people selflessly volunteering for the right reasons, for the common good, and that’s remarkable these days.”
“It should be more common rather than selfish, greedy, power grabbing, competitive, dishonest behavior, which is exemplified by many leaders around the world. When you see people not do that, you say, ‘Oh yeah humans are capable of that. It’s possible.’ Why not have more of that? It’s not just some Hollywood movie. It’s like, ‘Oh, this really happened. These people did that together,’” he added. “That is the best of us.”
—-
Follow AP Film Writer Lindsey Bahr on Twitter: www.twitter.com/ldbahr | https://www.myjournalcourier.com/entertainment/article/In-Thirteen-Lives-Ron-Howard-directs-the-17348100.php | 2022-08-03T14:39:47 | en | 0.97932 |
West Bengal Transport Corporation has awarded work order to Tata Motors Ltd for deployment of 1,180 electric buses under the ‘Grand Challenge’ initiative of Convergence Energy Services Ltd.
Tata Motors will design, manufacture and supply electric buses to WBTC besides developing requisite charging infrastructure. It will complete the delivery of all 1,180 e-buses by the end of 2023. The project entails procurement of four categories of e-buses, including 12-meter low-floor AC, standard floor non-AC, 9-m standard-floor AC and standard floor non-AC buses.
CESL is the government designated nodal agency for procurement and deployment of electric vehicles, including e-buses, across all government and state-run units through a homogenised process to ensure uniformity of vehicle standards and operational compatibility across States.
According to Mahua Acharya, MD & CEO, CESL, under the Grand Challenge initiative, tender has been done for aggregation of 5,450 electric buses in five metros including Bengaluru, Delhi, Surat, Hyderabad and Kolkata.
Tata Motors will be responsible for deploying, operating and maintaining 1,500 e-buses in Delhi, 1,180 in Kolkata and 921 e-buses in Bengaluru.
The first fleet of around 350-400 e-buses would be on road by end of this year, Firhad Hakim, West Bengal’s Transport Minister said here on Wednesday.
“Our aim is to make Kolkata one of the smartest cities in the world and public transport is a key focus area of such upgradation. Today marks a very significant day as we move a step closer towards carbon-free and new age mobility. With support from CESL and Tata Motors, we are looking forward to electrification of buses and overall transport ecosystem in West Bengal region,” he said.
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KYIV, Ukraine (AP) — Ukrainian officials say they are struggling to establish the truth surrounding an explosion in a prison that killed dozens of Ukrainian prisoners of war captured by the Russians following the fall of Mariupol.
Ukraine’s human rights chief, Dmytro Lubinets, told The Associated Press he has tried to establish a direct link with his Russian counterpart in order to arrange a joint visit to the prison in Olenivka, a town in eastern Ukraine held by Russian-backed separatists.
“Dialogue is when there is a conversation between two parties. At this moment, this is an official request from me, which remains unanswered,” Lubinets said.
Separatist authorities and Russian officials say 53 Ukrainian POWs were killed and a further 75 were wounded Friday in the blast that ripped through a building at the prison. Both sides have blamed the other for the attack, saying it was premeditated with the aim of covering up atrocities.
Moscow opened a probe, sending a team to the site from its Investigative Committee, the country’s main criminal investigation agency. The state-run RIA Novosti agency claimed that fragments of U.S.-supplied precision High Mobility Artillery Rocket System rockets were found at the site.
The Ukrainian military, however, denied conducting any rocket or artillery strikes in Olenivka, and it accused the Russians of attacking the prison to cover up the torture and execution of Ukrainians there.
“Based on the analysis of the photos and videos that we have access to, we can say that it was an explosion from the inside of this barrack,” Lubinets said.
He said images from the scene show damage to only one building and not all the windows were blown out — something he says would not be possible if the complex was shelled.
Ukraine has appealed to the United Nations and to the International Committee of the Red Cross for help in investigating the blast and to find out more about the condition of the injured.
ICRC spokesman Oleksandr Vlasenko told the AP that the organization was currently negotiating with the Russians regarding visiting Olenivka. ICRC staff want to see everyone held there, make sure those wounded in the blast get proper medical treatment, and look at the bodies of the dead.
Russian officials on Saturday issued a list of the Ukrainian soldiers they said who had been killed or wounded in the attack, but the Ukrainians say they have been unable to verify the list while there is no access for the ICRC.
More than 2,400 soldiers from the Azov Regiment of the Ukrainian national guard and other military units defending the city of Mariupol surrendered under orders from Ukraine’s military in May.
Ukrainian President Volodymyr Zelenskyy has called upon the U.N. and the Red Cross, which acted as guarantors during the withdrawal of the Ukrainian military from the giant Azovstal steel mill in Mariupol, to preserve the lives of Ukrainian prisoners of war.
Olena Tolkachova, who is in charge of support services for the Azov Regiment, said she had received little information about the fate of the captured soldiers.
“According to the terms (of the withdrawal), the International Committee of the Red Cross had to visit our POWs every week and check the conditions of our soldiers. They were supposed to provide contact with relatives,” she said.
She said she believed the ICRC had only visited the prison once and she only discovered this from the Russian media. The support service is in touch with the ICRC seeking information about those who were killed or wounded in Olenivka.
“They do not give specific answers. They cannot explain to us why they cannot get there,” Tolkachova said, adding that relatives are desperate to know what happened to their loved ones and are calling every number they can find for any shred of information.
Vlasenko of the Red Cross said negotiations with the Russians are delicate.
“Any leak of information can be harmful. We inform about our actions only when they have taken place,” he added.
Russia’s Supreme Court on Tuesday declared Ukraine’s Azov Regiment a terrorist organization, a designation that could lead to terror charges against some of the captured fighters. Tolkachova said up to 1,000 soldiers from the Azov Regiment alone are currently in Russian captivity and the attack at Olenivka has raised concerns that no one can guarantee their safety.
“They were simply blown up. And this public execution, which was shown all over the world, isn’t that enough for the world to understand that they are in mortal danger?” Tolkachova said.
Lubinets hoped that at least the process of returning the bodies of those killed in Olenivka will begin soon.
“I can only hope that the principles of humanitarian law remain among the Russian Federation’s leaders,” Lubinets said.
___
Susie Blann contributed to this report.
___
Follow all AP stories on the war in Ukraine at https://apnews.com/hub/russia-ukraine. | https://cw33.com/news/international/ap-international/ukrainian-officials-press-for-information-on-prison-attack/ | 2022-08-03T14:39:49 | en | 0.975673 |
(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.)
Suzanne McLeod, Binghamton University, State University of New York
(THE CONVERSATION) As a former school principal and district superintendent, I’ve witnessed firsthand how some students struggle to settle into routines when a new school year begins.
Some students would show up late, if they came at all. Some told their parents they were sick and wanted to stay home.
A lot of this was due to the anxiety over going to a new school or having to adapt to new friends, new teachers and a new schedule. But sometimes it was the simple result of kids having gotten used to staying up late and sleeping in over the summer. The sudden change of having to wake up early to go to school can make kids very cranky.
Even though it can be challenging for some kids to start a new school year, there are a few simple steps that parents can take to make the process easier and less stressful. Here are four of my top recommendations:
1. Reestablish a bedtime
Don’t wait until the night before the first day of school to bring back bedtime. Do it a week or two before school starts. Then, stick to the schedule throughout the school year.
Sleep deprivation is one of the biggest detriments to students of any age doing well in school. Children of all ages need adequate sleep to improve their mood and their behavior.
Proper amounts of sleep range from nine to 12 hours for elementary and middle schoolers and from eight to 10 hours for high schoolers.
And, to ensure your child’s sleep is uninterrupted, keep technological devices out of the bedroom.
2. Practice the morning routine
A week before school begins, start practicing the morning routine. Are clothes and shoes chosen and ready to go? Are lunches and snacks packed? Are backpacks packed and easy to find?
Part of healthy child development is giving children a sense of control. To further this goal, let children pick out and lay out their clothes for the next day. Provide some basic guidance on what’s appropriate to wear to school. Allow children to pack the lunch or snack, again providing guidelines of what’s appropriate and what’s not.
3. Visit the school ahead of time
If possible, especially for children going to a new school, visit the school and practice walking to their classrooms.
Many schools offer orientations for students and their caretakers.
If there is no orientation, call the school and ask when it might be possible to come to walk around with your children to help familiarize them with their new classrooms. This will provide a level of comfort to your child on the first day of school.
4. Sign up for after-school activities
Encourage your child to participate in one or two after-school activities, whether school- or community-based. If the after-school activities are off-site from the school, ask school employees or after-school program providers about transportation.
Participation in extracurricular activities that interest your child can increase their motivation and ability to pay attention, both in the activity as well as school in general. However, be careful not to overschedule your child. The benefits of extracurricular activities – which include a stronger sense of belonging to the school community, higher grades and improved academic engagement – are maximized when after-school activities are limited to two.
Following these tips will hopefully help families make sure the school year gets off to a good start.
This article is republished from The Conversation under a Creative Commons license. Read the original article here: https://theconversation.com/4-ways-to-get-the-new-school-year-off-to-a-good-start-187815. | https://www.myjournalcourier.com/news/article/4-ways-to-get-the-new-school-year-off-to-a-good-17347931.php | 2022-08-03T14:39:53 | en | 0.963604 |
Vigilance Commissioner Suresh N. Patel was on Wednesday appointed as the Central Vigilance Commissioner, a year after the post fell vacant.
Patel has been working as the acting Central Vigilance Commissioner (CVC) since June this year. He was sworn in as the chief of the Central Vigilance Commission by President Droupadi Murmu at Rashtrapati Bhavan. .
“At a ceremony held today at 1000 hours at Rashtrapati Bhavan, Shri Suresh N Patel, was sworn in as the Central Vigilance Commissioner. He made and subscribed the oath of his office before the President,” a communique issued by the Rashtrapati Bhavan on Wednesday said.
The ceremony was also attended by the Prime Minister Narendra Modi and Vice President M. Venkaiah Naidu.
Former Indian Administrative Service (IAS) officer Sanjay Kothari had completed his term as the CVC on June 24 last year.
It may be recalled that Patel was in April 2020 appointed as the vigilance commissioner. Prior to that, he was managing director and chief executive officer of Andhra Bank.
The Central Vigilance Commission is headed by a Central Vigilance Commissioner and it can have two vigilance commissioners. At present, there is no vigilance commissioner working in the Commission.
A three-member selection panel headed by the Prime Minister had met in July to decide on the CVC and vigilance commissioners. The other two members on the panel are Union Home Minister and the Leader of Opposition in Lok Sabha.
During the meeting, the panel approved Patel’s appointment as the CVC. It also approved the appointments of former Intelligence Bureau chief Arvind Kumar and ex-bureaucrat Praveen Kumar Srivastava as the vigilance commissioners.
Both Kumar and Srivastava were to be sworn in as vigilance commissioners by CVC Patel on Wednesday.
Kumar completed his term as the chief of internal security intelligence agency on June 30 this year.
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- Please use a genuine email ID and provide your name, to avoid rejection. | https://www.thehindubusinessline.com/news/suresh-n-patel-sworn-in-as-chief-vigilance-commissioner/article65721649.ece | 2022-08-03T14:39:54 | en | 0.979897 |
SANAA, Yemen (AP) — The United Nations said Yemen’s warring parties agreed Tuesday to renew an existing truce for two more months after concerted international efforts.
The already 4-month-old cease-fire has been the longest nationwide ease in fighting since the war began in the Arab world’s poorest country nearly eight years ago.
The U.N. envoy to Yemen, Hans Grundberg, said in a statement that the country’s internationally recognized government and the Houthi rebels also agreed to try to arrive at “an expanded truce agreement as soon as possible.”
Yemen’s civil war erupted in 2014, when the Houthis descended from their northern enclave and took over the capital, forcing the government to flee to the south before its exile in Saudi Arabia. A Saudi-led coalition — then backed by the United Sates — entered the war in early 2015 to try to restore the government to power. Since then, the conflict has turned into a proxy war between regional foes Saudi Arabia and Iran, which backs the Houthis.
The truce renewal announcement came hours after an Omani delegation concluded three days of talks with the Houthi leadership, including with the rebels’ chief Abdel-Malek al-Houthi in the capital of Sanaa.
After the announcement, Mohammed Abdel-Salam, the Houthi chief negotiator and spokesman, thanked Oman for its efforts and called for the U.N. to work to open the airport in Sanaa, and the key port of Hodeida in a tweet.
The cease-fire initially took effect April 2 and was extended June 2. However, there have been offensive actions during recent months, including a suspected Houthi shelling last month that killed at least least one child and wounded 10 in Taiz province.
Both sides have publicly announced that they have bolstered their front-line positions, particularly around the oil-rich city of Marib, which the Houthis have been trying to seize for over a year. There were also shows of power through military parades featuring thousands of soldiers. The government and the Houthis both claimed to have documented dozens of truce violations on a weekly basis.
But the cease-fire has brought relief for Yemenis who have suffered from a decade of political turmoil and conflict. Around a third of Yemen’s 30 million population has been facing starvation due to the war and a lack of funding for humanitarian aid, according to the U.N. food agency.
Aside from the lull in violence, the truce established two commercial flights per week from Sanaa to Jordan and Egypt, after the country’s airport was closed to passenger flights for years. The truce also called for the Saudi-led coalition to allow a total of 36 vessels carrying fuel into the port of Hodeida over the course of four months. Only 29 vessels were allowed into Hodeida as of Tuesday, said Essam al-Motwakel, spokesman for the Houthi-run oil corporation.
Both Sanaa and Hodeida are controlled by the Houthi rebels, but blockaded by the Saudi-led coalition.
The truce has also called for opening the roads around Taiz, Yemen’s third largest city, which the Houthis have besieged for years. But the rebels rejected two U.N. proposals to lift the blockade, according to the envoy office. Another item on the agenda is finding a way to pay the country’s public servants, many of whom have gone with little or no salaries for years due to the civil strife. The source of the funding for government employees salaries remains a serious point of contention.
Ahmed Bin Mubarak, the foreign minister of the internationally recognized government, called for the Houthis to reopen Taiz roads and to “ensure that revenues of the Hodeida ports are used to pay public servants salaries.” The ports revenues are collected by the Houthis.
U.N. Secretary-General Antonio Guterres hailed the truce extension as a positive development, his spokesman said. “We very much welcome this positive development. The people of Yemen of deserve a country at peace,” U.N. spokesman Stephane Dujarric said.
U.S. President Joe Biden applauded the extension of the months-long truce. He urged the warring parties to seize the moment and reach a “conclusive, comprehensive agreement” to end the conflict.
Aid groups also welcomed the decision to renew the truce and called on Yemeni leaders to see it as an opportunity for more serious work towards peace to be done.
“We hope this two-month extension will allow for the reopening of roads linking cities and regions, enable more displaced people to return to their homes safely, and ensure humanitarian aid can reach people who have been out of reach for far too long because of hostilities,” said Erin Hutchinson, Yemen director for the Norwegian Refugee Council in a statement.
Mohammed Abdulwasea, advocacy manger for the Oxfam charity, called to the implementation of all terms of the truce and to achieve permanent peace. “Now is the time for all parties — and the international community — to work towards a lasting and inclusive peace.” he said.
Tuesday’s extension fell short of a proposed six-month renewal of the cease-fire, according to a government official. The Houthis had wanted more flights from Sanaa airport and more fuel vessels allowed to arrive in Hodeida to agree on that longer period. The internationally recognized government would not discuss the Houthi demands before the opening of Taiz roads, the official said. He spoke on condition anonymity to discuss internal deliberations.
On Sunday, U.S. Secretary of State Antony Blinken spoke with Rashad al-Alimi, head of the presidential government, to press for the truce renewal. He said the cease-fire “provides the best opportunity for peace in years — we must not let it slip away.”
___
Magdy reported from Cairo. Associated Press writer Edith M. Lederer at the United Nations contributed to this report. | https://cw33.com/news/international/ap-international/un-says-yemens-warring-sides-agree-to-renew-existing-truce/ | 2022-08-03T14:39:56 | en | 0.965493 |
Lease agreement finalized for future Minneapolis museum to open in the famous Mall of America
ATLANTA, Aug. 3, 2022 /PRNewswire/ -- Museum of Illusions®, a global leader in "edutainment" and the biggest chain of private museums worldwide, announced today the global brand's plan to open a new location in one of the most-visited malls in the United States. The brand new Museum of Illusions is set to open in Mall of America ("MOA") in Minneapolis, Minnesota in early 2023.
Mall of America, located at 60 E Broadway, Bloomington, MN 55425, will be home to the 6,600-square-foot museum designed for guests of all ages to enjoy mentally-stimulating optical illusions, 3D holograms, brain-bending exhibits as well as interactive and immersive illusion rooms. Visitors to the new museum can expect a truly unforgettable experience, as the Minneapolis Museum of Illusions will be joining many entertainment attractions in this mall, home to more than 520 stores.
The museum coming to Mall of America promises to add unique new excitement for both locals and tourists alike in the renowned destination that already features popular attractions including Nickelodeon Universe, The LEGO Store, SEA LIFE Aquarium, B&B Theatres and more. MOA is recognized as the largest shopping and entertainment complex in the United States and is one of the most-visited tourist attractions in the world, receiving roughly 40 million visitors a year. People travel from all over to enjoy the wide variety of experiences that the mall offers, making it the perfect destination for the Museum of Illusions experiential retail concept.
"Museum of Illusions is excited to bring its unique, interactive and immersive experience to one of the largest entertainment spaces in the world," said Jonathan Benjamin, CEO of Museum of Illusions. "The Mall of America is a national tourist hotspot and shopping mecca making it a perfect location to share our creative and unique spin on entertainment as we continue to expand to many more cities around the world."
As the brand continues to grow, having most recently opened in Brussels, Belgium, its 37th museum to-date, deals are in the works to bring the museum to at least 100 locations around the world over the course of the next four years, with new style and design concepts in store to take the museums to the next level. The brand's rapid expansion across the globe has U.S. locations slated to open new Museum of Illusions in the near future in Washington, DC; Scottsdale, Arizona; Charlotte, North Carolina; Atlanta, Georgia and more.
For more information about the Museum of Illusions and its franchise opportunities, visit www.museumofillusions.com or email at [email protected].
RP Illusions Corp. is a U.S.-based corporation that develops and franchises museums across the world. The company's primary goal is to provide memorable and exciting educational opportunities while evolving its approach to creativity, art, and entertainment. The Museum of Illusions is a global leader in "edutainment", with 37 locations in 25 countries worldwide. The company plans to continue expanding by providing unique educational, visual, and entertaining experiences with high-quality service. For more information about the Museum of Illusions visit www.museumofillusions.com or email at [email protected].
SOURCE Museum of Illusions | https://www.prnewswire.com/news-releases/museum-of-illusions-to-open-new-museum-in-americas-biggest-mall-301598955.html | 2022-08-03T14:39:57 | en | 0.937715 |
NEW YORK (AP) — Five high school students have received a prize that will enable them to share their passion for poetry in their communities and beyond, while receiving a $5,000 cash award.
Students from New York City to Sante Fe, New Mexico have been named National Student Poets, an honor presented by the National Student Poets Program. They will serve 1-year terms as “poetry ambassadors,” giving talks and presiding over workshops and other programs.
The poets are 10th and 11th graders chosen from five regions out of a pool of some 22,000 applicants around the U.S. They are Vidhatrie Keetha (Northeast) from the Horace Mann School in New York City, Emily Igwike (Midwest) from the University School of Milwaukee, Winslow Hastie, Jr. (Southeast) from the Charleston County School of the Arts in North Charleston, South Carolina; Jessie Begay (Southwest) from the New Mexico School for the Arts in Santa Fe, and Diane Sun (West) from Interlake High School in Bellevue, Washington.
The director of the Institute of Museum and Library Services, Crosby Kemper, will formally appoint the student poets during a Sept. 27 ceremony at the Planet Word Museum in Washington, D.C. Poet Naomi Shihab Nye will be the keynote speaker.
“Poetry is for the soul. Our five young National Student Poets display plenty of that in their passionate work," Kemper said in a statement Wednesday. “As they help lead us out of our long bout with the pandemic they will provide balm for our distresses and delight for our hearts.”
The decade-old National Student Poets Program is a partnership including the Institute of Museum and Library Services and the Alliance for Young Artists & Writers, which manages the Scholastic Art & Writing Awards. Awards jurors this year included former U.S. poet laureate Juan Felipe Herrera and poet Edward Hirsch. | https://www.myjournalcourier.com/news/article/5-high-school-students-to-serve-as-National-17347929.php | 2022-08-03T14:39:59 | en | 0.955863 |
There are many themes that haven’t done well in the last few years despite a strong bull market. MNC stock investing is one of them if one compares its returns with that of a broad-based benchmark such as Nifty 100.
Against this backdrop, Kotak Mutual Fund has unveiled the first exchange traded fund (ETF) offering based on MNC index in the form of Kotak Nifty MNC ETF. The other schemes in this thematic category are all actively-managed—SBI Magnum Global, ABSL MNC, UTI MNC and ICICI Pru MNC.
As the ETF’s NFO period closes on August 4, we present a quick overview of the new fund. Here are the details:
Why MNC stocks now?
MNC stocks listed in India offer a good mix of able management, technological edge, high utilisation of capital, strong balance sheet and established brands. They are present in sectors such as FMCG, capital goods, auto, healthcare, IT, etc.
In fact, MNC stocks, on account of their heritage and advantages, are valued higher than many largecaps.
For instance, Nifty MNC trades at a trailing price to earnings ratio of 55 times now compared to 21 times for Nifty 50. At the same time, Nifty MNC offers a reasonable 3 per cent plus dividend yield compared to just 1.3 per cent for Nifty 50.
In the recent times, MNC stocks haven’t done that well. In the last one-, three- and five-year periods, MNC stocks have under-performed in comparison to large-caps (represented by Nifty 100 index).
Given that stocks, sectors and themes in the share market go through rotation, MNC stocks could play catch up. Instead of buying MNC stocks on their own, new investors as well as those with no time to research, can either buy actively managed MNC funds or use an index fund/ETF based on a suitable MNC stock basket.
How is Nifty MNC index positioned?
The Nifty MNC Index comprises 30 listed companies on NSE in which the foreign promoter shareholding is over 50 per cent. This is an important differentiation as some actively-managed MNC funds replace the “50 per cent criteria” with “majority” shareholding requirement. This allows companies managed by foreign promoters even without 50 per cent shareholding into the portfolio.
Nifty MNC Index is computed using free float market capitalisation method. The index is rebalanced semi-annually. In terms of sectoral representation, its stock basket is dominated by fast moving consumer goods, capital goods, automobile and auto components and healthcare, while metals and mining, construction materials, IT, consumer durables, etc. have less than 5 per cent allocation each.
As on July 29, the top-10 stocks (by weight) are Hindustan Unilever Ltd., Nestle India, Maruti Suzuki India, Britannia Industries, Vedanta, Ambuja Cements, Siemens, United Spirits, Ashok Leyland and Colgate Palmolive (India).
Comparing the Nifty MNC with benchmarks such as Nifty 50 and Nifty 500 will show unique sector composition and, thus, notable difference in diversification.
For instance, at over 40 per cent, the FMCG sector’s weightage in Nifty MNC is almost five times more than what the sector has in the other two broad market indices. Similarly, Nifty MNC is hugely underweight on financial services (no exposure) compared to 30-35 per cent for the others.
Performance history
The Nifty MNC index is no pushover. It is competing quite well with actively-managed funds. In the one-year period, none of the four actively managed funds have been able to beat the Nifty MNC TRI’s 10 per cent odd gain.
In the last 3-year period, two of four funds have beaten the MNC index’s 19.2 per cent rise (CAGR) but that can be argued to be partially driven by stocks from a much broader investible universe such as international companies.
Nifty MNC, to be fair, only captures domestic performance of foreign companies listed in India. In the 5-year and 10-year period, gains of 10.1 per cent and 15.4 per cent by Nifty MNC proved difficult to be matched by two out of three funds.
About the ETF
During the NFO period, minimum investment in Kotak Nifty MNC is ₹5,000 and in multiples of ₹1 thereafter. There is no exit load. Indicative total expense ratio (TER) is 30 basis points, which is much cheaper than 2-2.4 per cent (regular) and 1-1.25 per cent (direct) expense ratio by actively-managed MNC thematic funds.
Do note that the key risks to be considered before investing in MNC stocks/basket are limited control as they are driven by parent companies and royalty concerns.
Since this is a new offering, liquidity, impact cost and traded volume data is not available for the ETF. These are important for large lumpsum purchases, and could impact investor’s returns.
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- Please use a genuine email ID and provide your name, to avoid rejection. | https://www.thehindubusinessline.com/portfolio/mutual-funds/should-you-invest-in-kotak-nifty-mnc-etf/article65721139.ece | 2022-08-03T14:40:00 | en | 0.934517 |
SALT LAKE CITY — Visitors can get into a National Park for free on August Fourth in celebration of the anniversary of the Great American Outdoors Act.
August 4 is one of five fee-free days planned by the National Park Service for 2022.
This fee-free entrance day specifically celebrates legislation that was passed in 2020 that created a funding stream to improve National Parks across the country.
Utah is home to five National Parks:
- Arches
- Zion
- Bryce Canyon
- Capitol Reef
- Canyonlands
If you've got plans to spend the day at Arches National Park, make sure to reserve a timed entry slot before you go. The pilot reservation program was rolled-out earlier in 2022 in hopes of providing a better experience for tourists who visit.
The entrance fee-free day does not cover amenities or fees for activities such as camping, boat launches, transportation, or special tours. | https://www.fox13now.com/news/local-news/head-outside-and-check-out-a-national-park-for-free-on-august-4 | 2022-08-03T14:40:00 | en | 0.94494 |
Nexar to acquire Veniam to leverage vehicles as engines of data
The pairing of technologies opens unlimited possibilities for a new breed of data-rich mobility applications
TEL AVIV, Israel, Aug. 3, 2022 /PRNewswire/ -- Nexar, a leading AI mobility company, today announced that it has entered into an agreement to acquire Veniam, the leading provider of intelligent networking for the internet of moving things. With this acquisition, Nexar will combine vision data - captured and processed from billions of miles of driving - with Veniam's communications technology at the edge. Together, the companies will exponentially increase the reach and decrease the costs of rich mobility applications and the real time mapping of the physical world.
Vehicles are increasingly becoming engines of data and Nexar is at the forefront of data collection. The crowd-sourced images and detections collected from Nexar's popular dash cams are processed to create and continually update a real time digital twin of America's roads and cities. Many data applications are already powered by this digital twin, including applications helping to train autonomous cars for extreme driving scenarios, map out the changing road infrastructure, monitor, in real time, locations of construction zones & available street parking, identify roads in need of repair, and many more.
Veniam, based in Porto, Portugal, has served dozens of global companies with a software platform that allows devices in cars to connect with each other as well as the Internet. Veniam's technology turns the cars themselves into internet access points for other devices, creating a mesh network capable of sharing data and internet connectivity across hundreds of thousands of devices and cars.
"Veniam is a natural fit for Nexar," said Eran Shir, co-founder and CEO of Nexar. "We became very familiar with their technology, and the amazing team behind it, as clients of Veniam. It was obvious that we can achieve so much more with them as part of Nexar. With Veniam we will continue scaling our data footprint, and be able to expand our offering to OEMs. For the first time ever, Nexar will provide a bundle of rich applications and data access, removing long-standing barriers and accelerating the adoption of crowdsourced vision for the benefit of the entire mobility ecosystem."
"Nexar is collecting and deploying data in a manner and scale that is unprecedented," said João Barros, founder and CEO of Veniam, who will now serve as Chief Platform Officer at Nexar. "We're thrilled to be joining their team and working together to transfer massive amounts of data to the cloud in a secure and cost-effective way, while making cars and the cities they drive in, smarter, safer and more sustainable."
The acquisition is one of the first of a Portuguese startup by an Israeli company and represents a milestone for the Portugal tech scene, which has drawn international attention as a European startup hub.
About Nexar
Nexar turns cars into vision sensors to understand the world. Its platform powers car vision connected services and apps, at scale, making new vision-based applications for better driving, powered by a crowd-sourced vision feed. Using anonymous, aggregated data captured from this network, Nexar has developed a portfolio of vision-based data services for public and private sector partners to make roadways safer and more efficient. Nexar's platform is already deployed across hundreds of thousands of cars, detecting parking spots, managing city safety and more.
SOURCE Nexar | https://www.prnewswire.com/news-releases/nexar-to-acquire-veniam-to-leverage-vehicles-as-engines-of-data-301599096.html | 2022-08-03T14:40:03 | en | 0.953688 |
JAKARTA, Indonesia (AP) — The United States and Indonesian militaries began annual joint combat exercises Wednesday on Indonesia’s Sumatra island, joined for the first time by participants from other partner nations, signaling stronger ties amid growing maritime activity by China in the Indo-Pacific region.
More than 5,000 soldiers from the U.S., Indonesia, Australia, Japan and Singapore were participating in this year’s exercises, making them the largest since the drills were established in 2009. The exercises are designed to strengthen interoperability, capability, trust and cooperation in support of a free and open Indo-Pacific, the U.S. Embassy in Jakarta said in a statement.
“It’s a symbol of the U.S.-Indonesia bond and the growing relationship between land forces in this consequential region,” Gen. Charles Flynn, Commanding General of U.S. Army Pacific, said in the statement. “Because land forces are the glue that binds the region’s security architecture together.”
Flynn and Indonesia’s Military Chief Gen. Andika Perkasa opened the joint drills with a ceremony on Wednesday morning in Baturaja, a coastal town in South Sumatra province. The exercises will last until Aug. 14, encompassing army, navy, air force and marine drills.
The planned two-week drills opened after China’s Defense Ministry said Tuesday night it would conduct a series of targeted military operations to “safeguard national sovereignty” in response to U.S. House Speaker Nancy Pelosi’s visit to self-governed Taiwan, which China claims as part of its territory to be annexed by force if necessary.
China has also been increasingly assertive over its claim to virtually the entire South China Sea.
U.S. Gen. Mark Milley, chairman of the Joint Chiefs of Staff, said the number of intercepts by Chinese aircraft and ships in the Pacific region with U.S. and other partner forces has increased significantly over the past five years, and the number of unsafe interactions has risen by similar proportions.
“The message is the Chinese military, in the air and at sea, have become significantly more and noticeably more aggressive in this particular region,” Milley said last month during a trip to the Indo-Pacific that included a stop in Indonesia.
Milley said Indonesia is strategically critical to the region and has long been a key U.S. partner. Earlier this year, the U.S approved a $13.9 billion sale of advanced fighter jets to Indonesia. And in Jakarta last December, Secretary of State Antony Blinken signed agreements for enhanced joint naval exercises between the U.S. and Indonesia.
While Indonesia and China enjoy generally positive ties, Jakarta has expressed concern about Chinese encroachment on its exclusive economic zone in the South China Sea, which China claims virtually in its entirety.
The U.S.-Indonesia military exercises coincided with Pelosi’s arrival in Taiwan late Tuesday, as the highest-ranking American official in 25 years to visit the self-ruled island. Beijing views visits by foreign government officials as recognition of the island’s sovereignty.
Japan’s Ground Self-Defense Force is participating for the first time in the exercises, saying it promotes a “free and open” Indo-Pacific vision of security and trade with the U.S. and other democracies in the region.
The expanded drills are seen by China as a threat. Chinese state media have accused the U.S. of building an Indo-Pacific alliance, similar to NATO, as a means to intentionally provoke conflict. | https://cw33.com/news/international/ap-international/us-indonesia-hold-joint-military-drills-amid-china-concerns/ | 2022-08-03T14:40:03 | en | 0.954432 |
VIENNA (AP) — OPEC+ to boost oil production by much slower pace in September than in previous months, at 100,000 barrels a day.
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- A look at events taking place in Jacksonville and surrounding counties. | https://www.myjournalcourier.com/news/article/Alert-OPEC-to-boost-oil-production-by-much-17347965.php | 2022-08-03T14:40:05 | en | 0.929913 |
SALT LAKE CITY — Police say the southbound lanes of 1300 East are shut down at 2100 South and will stay closed for "several hours," as officials investigate a fatal motorcycle crash.
The crash happened just before 8:15 a.m. Wednesday near 2290 South 1300 East.
At least one person was killed in the incident.
Further details on the crash were not made available.
FOX 13 News has a crew on the way to the scene and will update with more information as it's made available. Follow fox13now.com and watch FOX 13 News for the latest information. | https://www.fox13now.com/news/local-news/motorcyclist-killed-in-salt-lake-city-crash-road-closed-for-several-hours | 2022-08-03T14:40:06 | en | 0.973916 |
Missouri Attorney General Eric Schmitt won the Republican primary for U.S. Senate on Tuesday with surprising ease, ending months of worry among GOP leaders that scandal-scarred former Gov. Eric Greitens might win the primary and jeopardize what should be a reliably red seat in November.
In November, Schmitt will be opposed by Anheuser-Busch beer heiress Trudy Busch Valentine, who defeated Marine veteran Lucas Kunce and nine others in the Democratic primary. Both also face a challenge from a well-funded independent, John Wood, who has the financial backing of former Sen. John Danforth.
With nearly 90% of results in, Schmitt had more votes than his nearest two competitors — U.S. Rep. Vicky Hartzler and Greitens — combined, turning what was expected to be a tight race into a blowout.
"I'm proud of my working-class roots, and I'm going to Washington to fight for working families, defeating socialism, and leading the fight to save America," Schmitt said in his victory speech in suburban St. Louis.
Greitens told a downcast crowd in another St. Louis suburb to "go home with strength and pride."
"God has a plan," Greitens said. "It doesn't always work on our timeline, but it does work on his. Sometimes we have to practice patience."
Greitens resigned four years ago following a sex scandal, two criminal charges that were eventually dropped and a legislative investigation that could have led to impeachment hearings. This year, his ex-wife accused him of abuse.
Republican Sen. Roy Blunt's announcement last year that he would not seek a third term set off a frenzy for his job, with nearly three dozen people in the two major parties filing to run.
Schmitt defeated a field that also included Hartzler, U.S. Rep. Billy Long and Mark McCloskey, who gained notoriety in 2020 when he and his wife pointed guns at racial injustice protesters outside their home.
Voter Darrel Durham, a 63-year-old heavy equipment operator from Columbia, said he thinks Schmitt can bring a new voice to Washington.
"I like all of his positions on draining the swamp," Durham said.
On Monday, former President Donald Trump expressed support for "ERIC," presumably meaning either Schmitt or Greitens, without picking between them. Comedian and Navy veteran Eric McElroy was also on the ballot in the GOP primary.
"I trust the Great People of Missouri, on this one, to make up their own minds, much as they did when they gave me landslide victories in the 2016 and 2020 Elections, and I am therefore proud to announce that ERIC has my Complete and Total Endorsement!" Trump wrote.
Voter Richard Greenup, a 66-year-old computer programmer from Columbia, said he wants "somebody that's going to support Trump" and that he chose Schmitt over Greitens because, "good or bad, Schmitt, I don't think, has that baggage."
Greitens, a former Navy SEAL officer and Rhodes scholar, had been governor for a year when in January 2018 he confirmed a TV report about a 2015 extramarital affair.
He was subsequently charged with felony invasion of privacy for allegedly taking a nude photo of the woman and using it to keep her quiet. That charge was dropped months later amid allegations that the chief investigator and local prosecutor mishandled the investigation.
Greitens, 48, says he was the victim of a political hit.
He faced a second charge accusing him of illegally using a donor list from a charity he founded to raise money for his campaign. That was dropped when he resigned in June 2018 after the Missouri House began an impeachment investigation.
Greitens has denied the abuse allegations from his ex-wife that she made in an affidavit in a child custody case. She cited one instance where he allegedly slapped their then-3-year-old son's face and yanked him by the hair. In another, she accused him of pushing her to the ground.
Greitens also drew criticism for a June campaign video showing him brandishing a shotgun and declaring he's hunting RINOs, or "Republicans in name only."
Schmitt, 47, has gained attention for lawsuits that critics contend are politically motivated. He sued China over the coronavirus; school districts over mask mandates; and the city of St. Louis over its plan to provide $1 million for women to travel out of state for abortions.
"I've always been a fighter and as your attorney general I have fought in court to protect those liberties," Schmitt said in his victory speech, citing mask and vaccine mandates, among other things.
Valentine, 65, is the daughter of August "Gussie" Busch Jr., the longtime chair and CEO of Anheuser-Busch who built the St. Louis-based company into the world's largest beermaker. The brewery was sold to InBev in 2008. Valentine said she entered the race after witnessing the "division in our country and the vitriol in our politics."
"After hundreds of career politicians, it's time for a nurse in the Senate," Valentine said in a victory speech.
Bob Westlake, 67, and his wife, Mary Jo, 69, both voted for Valentine. The Chesterfield couple liked her push for better health care coverage.
"Health care is a big deal to us," Bob Westlake said, adding that they have a daughter with a chronic illness and that he and his wife are on Medicare.
Kunce, 39, lost despite the endorsement of Sen. Bernie Sanders. Kunce served tours of duty in Afghanistan and Iraq. Like Senate candidate John Fetterman in Pennsylvania, Kunce fashioned himself as a populist.
Wood's entry into the race created new drama. Wood, 52, is a lifelong Republican, former U.S. attorney and most recently a top investigator for the U.S. House committee examining the Jan. 6, 2021, insurrection. Danforth's PAC has pledged to spend up to $20 million in support of Wood's campaign.
Newsy is the nation’s only free 24/7 national news network. You can find Newsy using your TV’s digital antenna or stream for free. See all the ways you can watch Newsy here: https://bit.ly/Newsy1 | https://www.fox13now.com/news/national/missouri-ag-eric-schmitt-beats-eric-greitens-in-gop-senate-primary | 2022-08-03T14:40:08 | en | 0.980386 |
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