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Trial in progress poster also to be presented for Phase 1/2 ARROS-1 study of ROS1-selective inhibitor NVL-520
CAMBRIDGE, Mass., Aug. 5, 2022 /PRNewswire/ -- Nuvalent, Inc. (Nasdaq: NUVL), a clinical-stage biopharmaceutical company focused on creating precisely targeted therapies for clinically proven kinase targets in cancer, today announced new preclinical data supporting the potential best-in-class profile of NVL-655 – an ALK-selective inhibitor, and a "Trial in Progress" poster for the Phase 1/2 ARROS-1 study of NVL-520 – a ROS1-selective inhibitor. NVL-520 and NVL-655 are central nervous system (CNS)-penetrant kinase inhibitors designed to specifically solve for the dual challenges of kinase resistance and selectivity commonly observed with currently available inhibitors.
The two posters will be presented at the IASLC 2022 World Conference on Lung Cancer (WCLC) Annual Meeting taking place August 6-9, 2022 in Vienna, Austria. The posters will also be available on the Nuvalent website.
"Our presentations at WCLC showcase the value that our collaborations with leading physician-scientists and translational investigators bring towards characterizing and developing our parallel lead programs for patients with non-small cell lung cancer (NSCLC)," said James Porter, Ph.D., Chief Executive Officer of Nuvalent. "We are grateful for our continued collaborations focused on advancing the understanding of resistance to kinase inhibitors, as well as the dedication and support of the Phase 1 clinical investigators participating in our ongoing studies for patients with advanced NSCLC and other solid tumors."
"We selected NVL-520 and NVL-655 based on the demonstrated strength of their preclinical profiles and their potential to drive deep, durable responses for patients with ROS1-positive and ALK-positive cancers, respectively. With both programs now under clinical investigation, we remain committed to continued, rigorous preclinical characterization to both deepen our understanding of our programs as well as to support the advancement of tools and models that may help accelerate the development of new therapies for genomically-driven cancers," said Henry Pelish, Ph.D., Vice President of Biology at Nuvalent. "We are pleased to share data further characterizing NVL-655 in a new patient-derived model of lorlatinib-resistant ALK-positive NSCLC with the treatment-emergent G1202R/T1151M compound resistance mutation, developed by our clinical and translational collaborators at Gustave Roussy."
The MR448re patient-derived model was established from cancer cells retrieved from a NSCLC patient previously treated with four prior ALK kinase inhibitors and most recently progressing following treatment with lorlatinib. Presence of an EML4-ALK fusion and the G1202R/T1151M compound mutation was confirmed by sequencing.
"The rapid development of the MR448re patient-derived model and subsequent evaluation of NVL-655 is a testament to the efficient cooperation between our clinical and translational investigators, and our collaborators at Nuvalent," said Luc Friboulet, Ph.D., investigator at Gustave Roussy. "NVL-655 showed strong antitumor activity in this heavily refractory model, while lorlatinib showed limited inhibitory activity consistent with treatment history. This further supports the differentiating and potentially best-in-class preclinical profile of NVL-655, which has previously demonstrated the ability to retain activity in the presence of a broad spectrum of single and compound ALK resistance mutations while maintaining a wide selectivity window over TRKB."
A "Trial in Progress" poster summarizing the preclinical profile of NVL-520 and clinical trial design of the Phase 1/2 ARROS-1 study (NCT05118789) for NVL-520 will also be presented. This multicenter, open-label, dose-escalation and expansion trial is designed to evaluate NVL-520 as an oral monotherapy for patients with advanced ROS1-positive NSCLC and other solid tumors. The ongoing Phase 1 dose-escalation portion of the study is currently enrolling ROS1-positive NSCLC patients who have previously received at least one ROS1 TKI, or patients with other ROS1-positive solid tumors previously treated with any prior therapy. Nuvalent plans to share preliminary dose-escalation data from ARROS-1 in the second half of 2022.
WCLC Presentation Overview:
Title: Preclinical Activity of NVL-655 in a Patient-Derived NSCLC Model with Lorlatinib-Resistant ALK G1202R/T1151M Mutation
Authors: H. Mizuta1, L. Bigot1, A. Tangpeerachaikul2, H.E. Pelish2, L. Friboulet1
Abstract Number: EP08.02-020
Session Category: Metastatic Non-small Cell Lung Cancer
Session Title: Molecular Targeted Treatments
Session Date and Time: August 7, 2022, 9:45am – 6:00pm CEST
1Gustave-Roussy, Villejuif, France; 2Nuvalent, Inc., Cambridge, MA, USA
Summary of Presentation:
- ALK G1202R single and compound mutations are recurrent mechanisms of resistance to previous-generation therapies, including alectinib and lorlatinib.
- NVL-655 showed strong antitumor activity in preclinical models derived from ALK positive patients who have progressed on treatment with earlier-generation ALK inhibitors, including a G1202R/T1151M compound mutation model derived from a patient previously treated with crizotinib, alectinib, brigatinib, and lorlatinib.
- Among all inhibitors tested, NVL-655 continues to show the broadest activity across ALK fusion partners and resistance mutations while maintaining a wide selectivity window over TRKB.
- NVL-655 is currently being evaluated in the Phase 1/2 ALKOVE-1 study for patients with advanced ALK+ NSCLC and other solid tumors, including those with ALK resistance mutations and CNS metastases (NCT05384626).
Title: NVL-520, a Highly Selective ROS1 Inhibitor, in Patients with Advanced ROS1-Positive Solid Tumors: The Phase 1/2 ARROS-1 Study
Authors: A. Drilon1, S-H.I. Ou2, S. Gadgeel3, M. Johnson4, A. Spira5, G. Lopes6, B. Besse7, E. Felip8, A.J. van der Wekken9, A. Calles10, M.J. de Miguel11, D.R. Camidge12, Y. Elamin13, S. Liu14, J. Bauman15, D. Haggstrom16, G. Riley17, H.E. Pelish17, V.W. Zhu17, J.J. Lin18
Abstract Number: EP08.02-041
Session Category: Metastatic Non-small Cell Lung Cancer
Session Title: Molecular Targeted Treatments
Session Date and Time: August 7, 2022, 9:45am – 6:00pm CEST
1Memorial Sloan Kettering Cancer Center, New York/NY/USA ,2University Of California Irvine Medical Center, Orange/CA/USA ,3Henry Ford Cancer Institute, Detroit/MI/USA ,4Sarah Cannon Research Institute, Nashville/TN/USA,5NEXT Oncology - Virginia Cancer Specialists, Fairfax/VA/USA ,6Sylvester Comprehensive Cancer Center at the University of Miami and the Miller School of Medicine, Miami/FL/USA ,7Institut Gustave Roussy, Villejuif Cedex/FR,8Hospital Vall d'Hebron, Barcelona/ES ,9University of Groningen, University Medical Centre Groningen,Groningen/NL ,10Hospital Universitario Gregorio Marañón, Madrid/ES ,11START Madrid-HM CIOCC, Madrid/ES,12University of Colorado Cancer Center, Anschutz Medical Campus, Aurora/CO/USA ,13MD Anderson Cancer Center, Houston/TX/USA ,14Georgetown University, Washington/DC/USA ,15Fox Chase Cancer Center, Philadelphia/PA/USA,16Levine Cancer Institute, Atrium Health, Charlotte/NC/USA ,17Nuvalent, Inc., Cambridge/MA/USA ,18Massachusetts General Hospital, Boston/MA/USA
Summary of Presentation:
- NVL-520 has demonstrated CNS activity and potent and selective inhibition of ROS1 & ROS1 G2032R over TRKB in preclinical models. These data indicate the potential to minimize TRK-related CNS adverse events seen with dual TRK/ROS1 inhibitors and drive more durable responses for patients with ROS1+ tumors, including those with ROS1 resistance mutations and CNS metastases.
- ARROS-1 is a Phase 1/2 study evaluating the safety and activity of NVL-520 in patients with advanced ROS1+ NSCLC and other solid tumors, including those with ROS1 resistance mutations and CNS metastases.
- The Phase 1 portion of the study is open and actively enrolling in the USA, Spain, the Netherlands, and France, with further global expansion planned.
- Phase 2 cohorts are designed to support potential registration in TKI-naive or previously treated ROS1+ NSCLC.
About NVL-655
NVL-655 is a novel brain-penetrant ALK-selective inhibitor created to overcome limitations observed with currently available ALK inhibitors. NVL-655 is designed to remain active in tumors that have developed resistance to first-, second-, and third-generation ALK inhibitors, including tumors with the solvent front G1202R mutation or compound mutations G1202R / L1196M ("GRLM"), G1202R / G1269A ("GRGA"), or G1202R/L1198F ("GRLF"). NVL-655 has been optimized for CNS penetrance to improve treatment options for patients with brain metastases. NVL-655 has been observed in preclinical studies to selectively inhibit wild-type ALK and its resistance variants over the structurally related tropomyosin receptor kinase (TRK) family to potentially avoid TRK-related CNS adverse events seen with dual TRK/ALK inhibitors and drive more durable responses for patients. NVL-655 is currently being investigated in the ALKOVE-1 study (NCT05384626), a first-in-human Phase 1/2 clinical trial for patients with advanced ALK-positive non-small cell lung cancer (NSCLC) and other solid tumors.
About NVL-520
NVL-520 is a novel brain-penetrant ROS1-selective inhibitor designed to remain active in tumors that have developed resistance to currently available ROS1 inhibitors, including tumors with the prevalent G2032R resistance mutation and those with the S1986Y/F, L2026M, or D2033N resistance mutations. NVL-520 has been optimized for brain penetrance to potentially improve treatment options for patients with brain metastases. NVL-520 has been observed in preclinical studies to selectively inhibit wild-type ROS1 and its resistance variants over the structurally related tropomyosin receptor kinase (TRK) family to potentially avoid TRK-related CNS adverse events seen with dual TRK/ROS1 inhibitors and drive more durable responses for patients. NVL-520 is currently being investigated in the ARROS-1 study (NCT05118789), a first-in-human Phase 1/2 clinical trial for patients with advanced non-small cell lung cancer (NSCLC) and other solid tumors.
About Nuvalent
Nuvalent, Inc. (Nasdaq: NUVL) is a clinical-stage biopharmaceutical company focused on creating precisely targeted therapies for patients with cancer, designed to overcome the limitations of existing therapies for clinically proven kinase targets. Leveraging deep expertise in chemistry and structure-based drug design, we develop innovative small molecules that have the potential to overcome resistance, minimize adverse events, address brain metastases, and drive more durable responses. Nuvalent is advancing a robust pipeline with parallel lead programs in ROS1-positive and ALK-positive non-small cell lung cancer (NSCLC), along with multiple discovery-stage research programs. We routinely post information that may be important to investors on our website at www.nuvalent.com. Follow us on Twitter (@nuvalent) and LinkedIn.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, without limitation, implied and express statements regarding Nuvalent's strategy, business plans, and focus; the clinical development programs for NVL-520 and NVL-655 and the timing thereof; the potential clinical effect of NVL-520 and NVL-655; the design and enrollment of the ARROS-1 and ALKOVE-1 studies and the timing thereof; the potential of Nuvalent's pipeline programs, including NVL-520 and NVL-655; Nuvalent's research and development programs for the treatment of cancer; risks and uncertainties associated with drug development; and capital allocation. The words "may," "might," "will," "could," "would," "should," "expect," "plan," "anticipate," "aim," "goal," "intend," "believe," "expect," "estimate," "seek," "predict," "future," "project," "potential," "continue," "target" or the negative of these terms and similar words or expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Drug development and commercialization involve a high degree of risk, and only a small number of research and development programs result in commercialization of a product. You should not place undue reliance on these statements or the scientific data presented. Any forward-looking statements in this press release are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties, and important factors that may cause actual events or results to differ materially from those expressed or implied by any forward-looking statements contained in this press release, including, without limitation: risks that Nuvalent may not fully enroll the ARROS-1 or ALKOVE-1 studies or that enrollment will take longer than expected; unexpected concerns that may arise from additional data, analysis, or results obtained during clinical trials; the occurrence of adverse safety events; risks of unexpected costs, delays, or other unexpected hurdles; risks that Nuvalent may not be able to nominate drug candidates from its HER2 Exon 20 and ALK IXDN programs; the direct or indirect impact of COVID-19 or other global geopolitical circumstances on the timing and anticipated timing and results of Nuvalent's clinical trials, strategy, and future operations, including the ARROS-1 and ALKOVE-1 studies; the timing and outcome of Nuvalent's planned interactions with regulatory authorities; and obtaining, maintaining, and protecting its intellectual property. These and other risks and uncertainties are described in greater detail in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, as well as any subsequent filings with the Securities and Exchange Commission. In addition, any forward-looking statements represent Nuvalent's views only as of today and should not be relied upon as representing its views as of any subsequent date. Nuvalent explicitly disclaims any obligation to update any forward-looking statements.
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| 2022-08-05T11:09:05
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BROOKLYN HEIGHTS, Ohio (AP) _ GrafTech International Ltd. (EAF) on Friday reported second-quarter earnings of $115 million.
The Brooklyn Heights, Ohio-based company said it had net income of 44 cents per share.
The maker of graphite products posted revenue of $363.6 million in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EAF at https://www.zacks.com/ap/EAF
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https://www.myjournalcourier.com/business/article/GrafTech-Q2-Earnings-Snapshot-17353810.php
| 2022-08-05T11:09:11
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Cognitive development milestones and how to stimulate them
Back in the old days, babies were thought of as miniature adults. They were often seen as simplistic passive beings. It wasn’t until the 20th century that childhood and adolescence began to be viewed as unique and distinct periods of growth and development. The first few years of your baby’s life lay the foundation of their cognitive development. Cognitive Development refers to growth of the child’s ability to think, reason and understand its environment. One of the most crucial things for your baby’s cognitive development is play, this helps hone your baby’s ability to think, understand, communicate, remember, imagine and work out what happens next. Babies come into this world ready to learn, think and explore their surrounding environment. Newborn infants are constantly taking in their environment and learning from it and about themselves.
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Interacting and playing with your baby gives your baby important information for understanding the world. For example when you play peek-a-boo, he understands that when parents disappear from his line of sight they come back, too. Playing with your baby helps them to realise a powerful message that you are important to me. This helps the baby to learn about who they are and where they fit in this world. It also boosts their confidence to keep exploring and learning about the world.
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Stages of cognitive development
Birth to three months
The first three months of a child’s life are focused around exploring basic senses and, through that, learning about their body and the environment. During this period most babies begin to –
– Display anticipatory behaviours such as rooting and sucking at the sight of a nipple or a bottle
– React to differences in pitch and volume
– Focus on objects within a distance of 10-13 inches
– Focus on moving objects, including the faces of caregivers
– See all colours of the human visual spectrum
– Differentiate between tastes — like sweet, salty, bitter, and sour
– Respond to their environment using facial expressions
Three to six months
Between three and six months, babies begin to hone a stronger sense of perception. They –
– Coo and make other sounds as a reaction to their environment
– Mirror/Imitate facial expressions
– Tends to listen to you when you talk and appears to be replying to you
– Recognise familiar faces
– Reaches out to grab things and takes it to the mouth
You can encourage their growth through the following play ideas –
* Sing songs, play nursery rhymes and talk to your baby
* Offer balls so that they learn to hold or drop them. This will teach them as to how things move
* Play with rattles, bells and other toys that make noise
* Keep interesting toys at arm’s reach to encourage them to move
Six to nine months
At this stage, your baby will begin to associate with the language they hear frequently. Babies at this age often –
– Start to say ‘mama or dada’
– Respond to their own name
– Hold their own bottles and feed themselves with finger food
– Might even start to look at things when you name them eg. ‘fan’
You can encourage your baby to explore by
* Providing them with a few toys in the bath for dunking and playing while bathing
* Giving them toys that they can shake and bang
* Giving baby toys that have buttons that can be pressed to make different sounds
* While reading to them make different voices and animal sounds
* Give them stacking toys or toys that they can push or roll
* Hang mobiles over their cribs so they can gaze at objects suspended mid-air
Nine to 12 months
At this age, babies are very curious, accompanied by increased mobility. Babies begin to sit up, crawl and walk which allows babies to gain a greater mental understanding of their environment. As they approach one year of age, infants will begin to —
– Throw things to watch it fall, throw things at a wall. This is how your baby learns about cause and effect — that is, if I do this, this will happen.
– Enjoy picture books
– Respond with gestures and sounds
– Begin to understand object permanence, i.e. the concept that the object while not visible continues to exist.
Encourage your child by –
* Spend time reading
* Point to different things and objects naming them while pointing
* Gentle games of floating catch help them with their hand eye coordination. You can use lightweight scarves for this, they will attempt to grasp them
* Play with large pegged puzzles, stuffed animals etc.
1 to 2 years
Children quickly transition from babies to toddlers during the second year of life; shaky first steps give way to confident walking by now. You need to child-proof your home by now, to prevent accidents. They learn to communicate and most children are saying one or 2 words. Your toddler will now know to use things the right way, they will learn to stack toys properly and even conduct a conversation using a toy phone. They can play with other children and learn to copy other children. Though at this age they may not play together and may not be keen to share their toys. This is a habit they must gently break off.
Children at this age can –
– Identify similar objects
– Imitate actions and language of adults they see
– Learn through exploration
– Tell the difference between “Me” and “You”
At this age they require near constant entertainment. Provide them with –
* stacking toys
* fat crayons to scribble
* shape sorters
* push or pull toys
* read to them and encourage them to point things out when you are reading to them
* pots and pans to bang on (if you’re cooking)
Pre-schoolers
At this age, children become increasingly independent and begin to –
– Develop friendships and skills for playing with other children
– Learn to use symbols in more complex ways and in two dimensional forms
– Expand their ability to attach language to language to actions and ideas.
– Explore the relationship between objects and how parts and whole fits together
– Experiment with how to make desired effects happen with objects and people
Good toys for Preschoolers are –
* Construction toys with interlocking pieces
* Puppets
* Art material like markers , paint , scissors , glue etc
* Musical toys
* Wheel toys such as bikes and wagons
* Outdoor toys like balls, bats, chalk pieces
Try to step back from your baby’s play and give your child the chance to work things out independently sometimes. It’s always good to respond to your baby’s interests and share your baby’s delight at discovering new things, however small they might seem. For example, “wow! Look how the blue boat is floating in the water”. If you‘re concerned about any aspect of your child’s development, it’s a good idea to talk to your paediatrician.
(Dr Saroja Balan is consultant neonatologist and paediatrician at Indraprastha Apollo Hospital. Her column appears every fortnight)
For all the latest Parenting News, download Indian Express App.
- The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
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https://indianexpress.com/article/parenting/doctor-in-the-house-is-your-childs-cognitive-development-on-track-8071923/
| 2022-08-05T11:09:11
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A Russian court found Brittney Griner guilty on drug smuggling and possession charges. She was sentenced to more than nine years in prison. The Biden administration is working to secure her release.
Copyright 2022 NPR
A Russian court found Brittney Griner guilty on drug smuggling and possession charges. She was sentenced to more than nine years in prison. The Biden administration is working to secure her release.
Copyright 2022 NPR
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https://www.kunm.org/2022-08-05/a-court-in-moscow-sentences-wnba-star-brittney-griner-to-9-years-on-drug-charges
| 2022-08-05T11:09:12
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Net sales increased 31% year-to-date, with solid growth in both the Fire Safety and Specialty Products businesses
Adjusted EBITDA increased 39% year-to-date, with solid growth in both businesses
Oil Additives renamed Specialty Products to better reflect the business's current and expanding applications and end-markets
CLAYTON, Mo., Aug. 5, 2022 /PRNewswire/ -- Perimeter Solutions, SA (NYSE: PRM) ("Perimeter" or the "Company"), a leading provider of mission-critical firefighting products and services, as well as specialty products used in several end markets, today reported financial results for its second quarter ended June 30, 2022.
Year-to-Date 2022 Results
- Net sales increased 31% to $158.7 million during the year-to-date period, as compared to $121.0 million in the prior-year period.
- Net income during the year-to-date period was $45.0 million, or $0.26 per diluted share, an increase of $67.4 million from a net loss of $22.4 million, or $0.42 per diluted share, for the same period of 2021.
- Adjusted EBITDA increased 39% to $47.7 million during the year-to-date period, as compared to $34.3 million in the prior-year period.
Second Quarter 2022 Results
- Net sales increased 16% to $101.0 million in the second quarter, as compared to $87.1 million in the prior-year quarter.
- Net income during the second quarter was $7.2 million, or $0.04 per diluted share, an increase of $11.0 million from a net loss of $3.8 million, or $0.07 per diluted share, for the same period of 2021.
- Adjusted EBITDA increased 15% to $35.7 million in the second quarter, as compared to $31.1 million in the prior-year quarter.
Conference Call and Webcast
As previously announced, Perimeter Solutions management will hold a conference call at 8:30 a.m. ET on Friday, August 5, 2022 to discuss financial results for the second quarter 2022. The conference call can be accessed by dialing (877) 407-9764 (toll-free) or (201) 689-8551 (toll).
The conference call will also be webcast simultaneously on Perimeter's website (https://ir.perimeter-solutions.com/), accessed under the Investor Relations page. The webcast link will be made available on the Company's website prior to the start of the call; go to the investor relations page of our website to the News & Events menu and click on "Events & Presentations."
A slide presentation will also be available for reference during the conference call; go to the investor relations page of our website to the News & Events menu and click on "Events & Presentations."
Following the live webcast, a replay will be available on the Company's website. A telephonic replay will also be available approximately two hours after the call and can be accessed by dialing (877) 660-6853 (toll-free) or (201) 612-7415 (toll). The telephonic replay will be available until September 5, 2022.
About Perimeter Solutions
Perimeter Solutions is a leading global solutions provider, providing high-quality firefighting products and specialty products used in several end markets. The Company's business is organized and managed in two reporting segments: Fire Safety and Specialty Products, formerly Oil Additives.
The Fire Safety segment consists of formulating, manufacture and sale of fire retardants and firefighting foams that assist in combating various types of fires, including wildland, structural, flammable liquids and others. Our Fire Safety segment also offers specialized equipment and services, typically in conjunction with our fire management products, to support our customers' firefighting operations. Our specialized equipment includes airbase retardant storage, mixing, and delivery equipment; mobile retardant bases; retardant ground application units; mobile foam equipment; and equipment that we custom design and manufacture to meet specific customer needs. Our service network can meet the emergency resupply needs of over 150 air tanker bases in North America, as well as many other customer locations in North America and internationally. The segment is built on the premise of superior technology, exceptional responsiveness to our customers' needs, and a "never-fail" service network. The segment sells products to government agencies and commercial customers around the world.
In June 2022, the Oil Additives segment, which produces and sells Phosphorus Pentasulfide ("P2S5"), was renamed the Specialty Products segment to better reflect the current and expanding applications for P2S5 in several end markets and applications, including lubricant additives, various agricultural applications, various mining applications, and emerging electric battery technologies. Within the lubricant additive end market, currently our largest end market application, P2S5 is primarily used in the production of a family of compounds called Zinc Dialkyldithiophosphates ("ZDDP"), which is considered an essential component in the formulation of engine oils with its main function to provide anti-wear protection to engine components.
Forward-looking Information
This press release may contain "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods.
Any such forward-looking statements are not guarantees of performance or results, and involve risks, uncertainties (some of which are beyond the Company's control) and assumptions. Although Perimeter believes any forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect Perimeter's actual financial results and cause them to differ materially from those anticipated in any forward-looking statements, including the risk factors described from time to time by us in our filings with the Securities and Exchange Commission ("SEC"), including, but not limited to, the Company's Annual Report on Form 10-K for the year ended December 31, 2021 filed with the SEC on March 31, 2022. Shareholders, potential investors and other readers should consider these factors carefully in evaluating the forward-looking statements.
Any forward-looking statement made by Perimeter in this press release speaks only as of the date on which it is made. Perimeter undertakes no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Non-GAAP Financial Metrics
Adjusted EBITDA
The computation of adjusted EBITDA is defined as net income plus income tax expense, net interest and other financing expenses, and depreciation and amortization, adjusted on a consistent basis for certain non-recurring, unusual or non-operational items in a balanced manner. These items include (i) expenses related to the Business Combination, (ii) founder advisory fee expenses, (iii) stock compensation expense, (iv) non-cash impact of purchase accounting on the cost of inventory sold, (v) contingent future payment related to an acquired business, (vi) management fees related to the services provided by SK Capital Partners IV-A, L.P. and SK Capital Partners IV-B, L.P (collectively, the "Sponsor") when acting in a management capacity and (vii) unrealized foreign currency loss (gain). To supplement the Company's consolidated financial statements presented in accordance with U.S. GAAP, Perimeter is providing a summary to show the computations of adjusted EBITDA, which is a non-U.S.GAAP measure used by the Company's management and by external users of Perimeter's financial statements, such as investors, commercial banks and others, to assess the Company's operating performance as compared to that of other companies, without regard to financing methods, capital structure or historical cost basis. Adjusted EBITDA should not be considered an alternative to net income (loss), operating income (loss), cash flows provided by (used in) operating activities or any other measure of financial performance or liquidity presented in accordance with U.S. GAAP (in thousands).
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| 2022-08-05T11:09:12
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https://sportspyder.com/nfl/tampa-bay-buccaneers/articles/40297206
| 2022-08-05T11:09:16
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ATLANTA (AP) _ Gray Television Inc. (GTN) on Friday reported second-quarter earnings of $99 million.
On a per-share basis, the Atlanta-based company said it had profit of 91 cents.
The broadcast television company posted revenue of $868 million in the period.
For the current quarter ending in October, Gray Television said it expects revenue in the range of $940 million to $959 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GTN at https://www.zacks.com/ap/GTN
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https://www.myjournalcourier.com/business/article/Gray-Television-Q2-Earnings-Snapshot-17353768.php
| 2022-08-05T11:09:17
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Congress Leader of Opposition in the Rajya Sabha Mallikarjun Kharge has claimed he was “insulted” as he was summoned by the Enforcement Directorate on Thursday during the working hours of Parliament. On Friday, House Chairman M Venkaiah Naidu said that MPs do not enjoy any immunity from arrest in criminal cases when the House is in session, and they cannot avoid summons issued by law enforcement agencies.
Naidu said it was “a wrong notion” among members that they have privilege from action by agencies while Parliament is in session. He went on to cite Article 105 of the Constitution, entailing MPs certain privileges so they can perform their duties without any hindrances; and Section 135A of the Civil Procedure Code that, he said, incorporates the privileges.
“However, in criminal matters, MPs are not on a different footing than a common citizen. That means MPs do not enjoy any immunity from being arrested in a criminal case during the Session or otherwise,” Naidu said, also citing past observations in this regard and Supreme Court rulings.
Naidu reiterated that no member of the House should avoid appearing before any investigating agency if called, by citing reasons of House duty.
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Article 105 of the Constitution
It says: a) Subject to the provisions of the Constitution and rules and standing orders regulating the procedure of Parliament, there shall be freedom of speech in Parliament; b) No member shall be liable to any proceedings in any court in respect of any thing said or any vote given by him in Parliament or any committee thereof; c) The powers, privileges and immunities of each House of Parliament, and of the members and the committees of each House, may from time to time be defined.
Section 135A of Civil Procedure Code
It exempts from arrest and detention under civil process members of Parliament, Legislative Assemblies and Councils, those part of an ongoing meeting or committee of such a House, and during 40 days before and after such meeting, sitting or conference. It also says that no member shall be arrested in a civil case 40 days before and after the adjournment of the House and also when the House is in session. No member can be arrested within the precincts of Parliament without the permission of the House to which he/she belongs.
The Supreme Court view
In July 2021, the Supreme Court rejected a plea by the Kerala government to withdraw criminal cases against its MLAs, who destroyed public property and disrupted a Budget speech in the Assembly in 2015.
The state had claimed parliamentary privilege and immunity from criminal prosecution, arguing that the incident occurred inside the Assembly hall. They also said that prior sanction of the Speaker was necessary before the registration of an FIR by the police.
But the Supreme Court held that legislators who indulge in vandalism and general mayhem cannot claim parliamentary privilege and immunity from criminal prosecution, and that this could not be called “essential legislative action”. The Court also held that vandalism on the floor of the Assembly could not be equated with the right to protest by Opposition legislators.
- The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
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https://indianexpress.com/article/political-pulse/summons-to-kharge-why-venkaiah-naidu-said-cant-claim-immunity-8072753/
| 2022-08-05T11:09:17
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NPR's Rachel Martin talks to Elliot Ackerman about his new book, The Fifth Act: America's End in Afghanistan. Waves of Afghans were trying to evacuate the country.
Copyright 2022 NPR
NPR's Rachel Martin talks to Elliot Ackerman about his new book, The Fifth Act: America's End in Afghanistan. Waves of Afghans were trying to evacuate the country.
Copyright 2022 NPR
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https://www.kunm.org/2022-08-05/ackermans-fifth-act-focuses-on-the-final-week-of-u-s-involvement-in-afghanistan
| 2022-08-05T11:09:18
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LAS VEGAS, Aug. 5, 2022 /PRNewswire/ -- Realty ONE Group, a modern, purpose-driven lifestyle brand and ONE Of the fastest growing franchisors today, is partnering with the National Association of Hispanic Real Estate Professionals (NAHREP), as it continues to strategically grow and expand its diverse, global network. This is the first of several partnerships Realty ONE Group plans to launch in order to broadly represent REALTORS(R) and their clients around the world.
"We believe that formalizing our partnership with NAHREP will allow us to help so many more Hispanic homeowners and our REALTORS(R) who work so hard for them every day," said Kuba Jewgieniew, CEO and Founder of Realty ONE Group.
NAHREP has a network of over 40,000 real estate professionals and is The Voice for Hispanic Real Estate® advocating for more Hispanic families to achieve the American Dream of homeownership for generations to come. As part of the formalized partnership, Realty ONE Group will add even more representatives to serve on NAHREP boards and throughout the organization.
This year, Realty ONE Group was ranked a Top 100 Recession-Proof franchise by Franchise Business Review and the company claimed the No.1 spot for real estate franchisors on Entrepreneur's highly competitive 2022 Franchise 500(R) List.
Realty ONE Group now has more than 18,000 real estate professionals in more than 400 offices in 49 states, Washington D.C. and Canada and will be opening in Ecuador, Costa Rica, Italy, Singapore, Spain and Portugal in addition to the U.S. territory of Puerto Rico.
Learn more at www.OwnAOne.com.
Founded in 2005, Realty ONE Group is an industry disruptor, radically changing the face of real estate franchising with its unique business model, fun coolture, technology infrastructure and superior support for its real estate professionals. The company has rapidly evolved to include more than 18,000 real estate professionals in over 400+ offices across 49 U.S. states, Washington D.C., Puerto Rico, Canada, Italy, Spain, Singapore, Costa Rica and Portugal. Realty ONE Group ranks in the top one percent in the nation by REAL Trends and has been recognized by Entrepreneur Magazine as the number ONE real estate brand. Realty ONE Group is surging ahead, opening doors, not only for its clients but for real estate professionals and franchise owners. To learn more, visit www.RealtyONEGroup.com.
About NAHREP
The National Association of Hispanic Real Estate Professionals® (NAHREP®), a nonprofit 501(c)6 trade association, is dedicated to advancing sustainable homeownership for the Hispanic community in America. NAHREP has a network of over 40,000 real estate professionals and 100 local chapters nationwide, hosting several national events per year and publishing multiple industry cornerstone reports annually and multimedia content. NAHREP advocates for policies that grow sustainable Latino homeownership, read the organization's 2022 policy priorities here.
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SOURCE Realty ONE Group
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https://www.ktre.com/prnewswire/2022/08/05/realty-one-group-partners-with-nahrep/
| 2022-08-05T11:09:19
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ATLANTA (AP) _ Interface Inc. (TILE) on Friday reported net income of $16.8 million in its second quarter.
The Atlanta-based company said it had profit of 28 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, were 36 cents per share.
The carpet tile company posted revenue of $346.6 million in the period.
For the current quarter ending in October, Interface said it expects revenue in the range of $325 million to $345 million.
The company expects full-year revenue in the range of $1.3 billion to $1.33 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TILE at https://www.zacks.com/ap/TILE
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https://www.myjournalcourier.com/business/article/Interface-Q2-Earnings-Snapshot-17353745.php
| 2022-08-05T11:09:23
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Hoollywood star Chris Hemsworth, who plays the role of Marvel character, Thor, heaps praise on India’s weightlifter Mirabai Chanu, and called her worthy to have Thor’s hammer.
A fan quoted Miraba Chanu’s tweet and wrote “Time for Thor to give up his hammer. @chrishemsworth.
Hemsworth took note of the tweet and replied to it. “She is worthy! Congrats, Saikhom, you legend,” Hemsworth responded.
She is worthy! Congrats, Saikhom, you legend.
— Chris Hemsworth (@chrishemsworth) August 4, 2022
Earlier, this week, weightlifter Mirabai Chanu (49kg) went on a record-smashing spree, claiming four of them in a power-packed performance, to claim India’s first gold medal at the Commonwealth Games in Birmingham.
In a remarkable performance, Chanu smashed the Commonwealth and CWG record in snatch.
The Tokyo Olympics silver medallist ended with a total lift of 201kg (88kg+113kg), which is far from her personal best.
Sporting her famous ‘lucky’ earrings shaped like the Olympic rings, Chanu lifted more than twice her body weight (109kg, 113kg) in the clean and jerk, in which she holds the world record (119kg).
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With this Chanu added a third CWG medal to her kitty, having won silver and gold in the Glasgow and Gold Coast editions respectively.
- The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
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https://indianexpress.com/article/sports/commonwealth-games/thors-hammer-she-is-worthy-chris-hemsworth-hails-cwg-gold-medallist-mirabai-chanu-8072843/
| 2022-08-05T11:09:23
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Clearing up some of the myths that have popped up about monkeypox Published August 5, 2022 at 3:12 AM MDT Facebook Twitter Email Listen • 7:33 As the monkeypox outbreak grows, there's a lot of confusion about how the disease spreads. Who's most at risk and how worried should you be? Copyright 2022 NPR
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https://www.kunm.org/2022-08-05/clearing-up-some-of-the-myths-that-have-popped-up-about-monkeypox
| 2022-08-05T11:09:24
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New Anniversary Video Highlights Viking's History and Leadership
LOS ANGELES, Aug. 5, 2022 /PRNewswire/ -- Viking® (www.viking.com) is celebrating today the company's 25th anniversary and its leadership in travel. To commemorate the anniversary, Viking has released a new video message from Chairman Torstein Hagen as he reflects on the company's key milestones since its founding on August 5, 1997. The new video can be viewed here on Viking's website, as well as here on Viking's award-winning enrichment channel, Viking.TV. All this week, Viking.TV daily programming has centered on Norwegian culture and history as a tribute to the Hagen family's Norwegian heritage.
"I am proud of all that we have accomplished in these 25 years. First, we invented modern river voyages; then, we reinvented ocean voyages with our destination-focused approach; now, we are perfecting expedition voyages and exploring all seven continents—in comfort," said Torstein Hagen, Chairman of Viking. "To every member of our extended Viking family of guests and employees: happy anniversary and thank you. These first 25 years have been very good, but we are just getting started."
The anniversary comes just after Viking was named the #1 Ocean Line and #1 River Line in Travel + Leisure's 2022 "World's Best" Awards, in which the company became the first cruise line ever to top both categories in the same year. Viking is also rated #1 for both rivers and oceans by Condé Nast Traveler, making it the first cruise line to ever simultaneously earn #1 in its categories from both publications.
This milestone year has also been one of significant launches for the company. In January, the company debuted Viking Expeditions and the first of two purpose-built expedition vessels, the Viking Octantis®, which is currently sailing its inaugural season in the Great Lakes. In the spring, the company welcomed eight new Viking Longships® and its newest identical ocean ship, the Viking Mars®. This month, Viking is launching three purpose-built vessels for the Mekong, Nile and Mississippi Rivers, and by the end of the year, will have also welcomed a second identical expedition ship, the Viking Polaris®, and another identical ocean ship, the Viking Neptune®.
Booking Details
From now through August 31, 2022, Viking is offering special savings plus up to free international airfare on select river and ocean voyages as part of the company's 25th Anniversary Sale. Call Viking toll free at 1-855-8-VIKING (1-855-884-5464) or contact a travel advisor for details.
Media Assets
For more information, images, and b-roll for Viking, contact vikingpr@edelman.com.
About Viking
Viking was founded in 1997 and provides destination-focused journeys on rivers, oceans, and lakes around the world. Designed for curious travelers with interests in science, history, culture and cuisine, Chairman Torstein Hagen often says Viking offers experiences for The Thinking PersonSM. Viking has more than 250 awards to its name, including being the first cruise line ever to be simultaneously named the #1 Ocean Line and #1 River Line in Travel + Leisure's 2022 "World's Best" Awards. Viking was also rated the #1 River Line and #1 Ocean Line by Condé Nast Traveler in the publication's 2021 Readers' Choice Awards. For additional information, contact Viking at 1-800-2-VIKING (1-800-284-5464) or visit www.viking.com. For Viking's award-winning enrichment channel, visit www.viking.tv.
View original content to download multimedia:
SOURCE Viking
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https://www.ktre.com/prnewswire/2022/08/05/viking-celebrates-25-years-award-winning-exploration/
| 2022-08-05T11:09:25
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Pakistan javelin thrower Arshad Nadeem says he will miss competing against India’s Olympic champion Neeraj Chopra at the Commonwealth Games here as they are part of ‘one’ family.
Neeraj won a historic silver at the World Championships last month with a throw of 88.13m as Arshad finished fifth after becoming the first Pakistani to qualify for the finals.
The Indian pulled out of the CWG due to a groin strain while Arshad, who continues to nurse an elbow injury, is expected to be on the podium with Grenada’s Anderson Peters, the favourite for gold. Peters won the gold at recent Worlds.”Neeraj bhai is my brother. I miss him here. May God give him the best of health and I get to compete with him soon,” Arshad told PTI.
The ‘bromance’ has been brewing between Indo-Pak rivals ever since they took part in the South Asian Games in 2016 in Guwahati.
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Four years ago, when Neeraj won the gold and Arshad got bronze at the Asian Games, the Indian had not warmed up to the Pakistani athlete fully but it is not the case anymore.”He is a good person. Initially you tend to be a bit reserve. When you get to know each other, you tend to open up.
“We have a very good friendship. I hope he keeps performing for India and I keep performing for my country. We both have made an impact. We are like one family,” said the 25-year-old. The fifth-place finish at Worlds was a creditable finish for Arshad who made a comeback from injury after the 2020 Tokyo Olympics. He is still carrying the same elbow injury.
“After Tokyo Olympics, I participated in the Worlds after a long gap, I am feeling good about my game. I have an elbow injury and getting treated for it.” Neeraj’s personal best of 89.94m is a tad shy of the 90m mark while Arshad’s best stands at 86.38.
“The way coaches are seeing and the way I feel about my game, I have set myself a target of 95m,” said Arshad sounding rather optimistic” Neeraj’s gold at the Olympics captured the imagination of the entire nation and made him an overnight star. Arshad has a long way to go but says he too is getting a lot of support from his government.
“The way Neeraj bhai has got a lot of fame in your country, I have got a lot of support from my government and the people. I am really grateful for that,” said Arshad who hopes to compete in India again soon.
- The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
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https://indianexpress.com/article/sports/we-are-not-rivals-we-are-part-of-javelin-family-nadeem-on-friendship-with-chopra-8072718/
| 2022-08-05T11:09:29
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RACINE, Wis. (AP) _ Johnson Outdoors Inc. (JOUT) on Friday reported fiscal third-quarter profit of $14.1 million.
The Racine, Wisconsin-based company said it had profit of $1.38 per share.
The outdoor gear company posted revenue of $203.8 million in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JOUT at https://www.zacks.com/ap/JOUT
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https://www.myjournalcourier.com/business/article/Johnson-Outdoor-Fiscal-Q3-Earnings-Snapshot-17353775.php
| 2022-08-05T11:09:29
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President Biden has a low overall approval rating. NPR's Asma Khalid talks to Democratic strategists Ben LaBolt and Chris Hunley about Democrats options ahead of midterm elections.
Copyright 2022 NPR
President Biden has a low overall approval rating. NPR's Asma Khalid talks to Democratic strategists Ben LaBolt and Chris Hunley about Democrats options ahead of midterm elections.
Copyright 2022 NPR
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https://www.kunm.org/2022-08-05/democratic-strategists-take-stock-of-president-bidens-job-performance
| 2022-08-05T11:09:30
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IRVING, Texas, Aug. 5, 2022 /PRNewswire/ -- Vistra (NYSE: VST) today reported its second quarter 2022 results:
Financial and Operating Highlights
- Results
‒ Continued to experience favorable pricing environment allowing Vistra the opportunity to lock in future value through the continued execution of its comprehensive hedging strategy. Driven by the material increase in forward power prices, which requires Vistra to record the current non-cash, unrealized impact of mark-to-market hedging losses for GAAP purposes, recorded second quarter 2022 Net Loss of $(1,357) million and Net Loss from Ongoing Operations1 of $(1,312) million. The second quarter 2022 Net Loss includes $(1,987) million of such unrealized losses from mark-to-market valuations of commodity positions, the net impacts of which are not expected to be realized in future quarters assuming the company fulfills its obligations through normal course operations.
‒ Delivered second quarter 2022 Ongoing Operations Adjusted EBITDA1 of $761 million. Full year results tracking above midpoint for 2022 Ongoing Operations Adjusted EBITDA1 and Ongoing Operations Adjusted FCFbG1 guidance ranges of $2,810 million to $3,310 million and $2,070 million to $2,570 million, respectively.
‒ Continued executing on comprehensive hedging program, locking in significant value opportunities in future years. As of June 30, 2022, Vistra has hedged over 60% of its expected generation volumes on average for the three -year period 2023 to 2025, with 2023 hedged at approximately 80%.
‒ Vistra's hedging program supports Ongoing Operations Adjusted EBITDA mid-point opportunities in the range of $3,500 million to $3,700 million in years 2023 to 2025.2
‒ Achieved best residential customer growth in a quarter for TXU Energy in nearly 15 years, also achieved 95% commercial availability3 in an unseasonably warm second quarter.
- Return of Capital
‒ Executed approximately $1.6 billion of the originally authorized $2 billion share repurchase program as of Aug. 2, 2022, with such repurchases representing approximately 14.6% of the shares outstanding as of Nov. 2, 2021. We expect to execute the remaining portion of the $2 billion authorization before year-end 2022. Accordingly, the board of directors has authorized an incremental $1.25 billion for share repurchases effective immediately. We now have approximately $1.65 billion of authorization remaining for share repurchases, which we expect to utilize between now and year-end 2023. Taken together, the board has authorized a cumulative $3.25 billion in share repurchases since Vistra announced its capital allocation plan in Nov. 2021.
‒ Declared third quarter 2022 dividend of $0.184 per share of common stock, representing an approximately 23% increase from the company's third quarter 2021 dividend; paid a second quarter 2022 dividend of $0.177 per share of common stock on June 30, 2022.
- Vistra Zero
‒ Restored Phases I and II of the 400-megawatt Moss Landing Energy Storage Facility to service at 98% of its maximum capacity on the expected schedule and prior to the hot California summer months. Announced its 50MW Brightside Solar Facility was online in April 2022. Announced in each of May and June 2022 that its 260MW DeCordova Energy Storage Facility and its 108MW Emerald Grove Solar Facility were online, respectively. Actively reviewing its development portfolio for additional opportunities in light of market conditions and the newly introduced Inflation Reduction Act.
"We continue to prioritize the realization of our four previously announced strategic priorities, while fulfilling our everyday mission: to provide reliable, affordable and ever-cleaner power to the communities we serve. We delivered strong results in the second quarter and are focused on executing well this summer in both generation and retail," said Jim Burke, president and CEO of Vistra. "Our comprehensive hedging strategy continues to lock in significant potential value in the outer years 2023-2025. This plan combined with our operational performance has increased our confidence in the outlook for 2022 and beyond. The authorization of the incremental $1.25 billion for share repurchases is a testament to the confidence that the board and management have in Vistra's future. We are committed to providing the power that the electric grid and our customers need, growing our Vistra Zero portfolio, all while driving significant shareholder value."
Summary of Financial Results for the Second Quarter Ended June 30, 2022
For the three months ended June 30, 2022, Vistra reported Net Loss of $(1,357) million, Net Loss from Ongoing Operations1 of $(1,312) million, and Ongoing Operations Adjusted EBITDA1 of $761 million. Vistra's second quarter 2022 Net Loss of $(1,357) million reflects a change of $(1,392) million as compared second quarter 2021 Net Income of $35 million, driven by the GAAP accounting impacts of approximately $2 billion of mark-to-market non-cash, unrealized hedging losses in second quarter 2022 recorded solely as a result of a material increase in forward power prices. Vistra's second quarter 2022 Adjusted EBITDA from Ongoing Operations was $93 million lower than second quarter 2021 results2, primarily driven by the positive impacts of self-help initiatives in second quarter 2021 that were one-time benefits.
Vistra reported second quarter 2022 Adjusted EBITDA from Ongoing Operations from the Retail segment of $403 million, approximately $107 million lower than second quarter 2021 results, driven by the impact of the above-referenced self-help initiatives in second quarter 2021 that were one-time benefits, offset by favorable margins, residential customer counts and weather in Texas in second quarter 2022. Second quarter 2022 Adjusted EBITDA from Ongoing Operations from the generation segments3, on an aggregate basis, totaled $358 million, $14 million higher than second quarter 2021 results2 driven primarily by impacts of favorable pricing offset by coal constraints and one-time benefits of self-help initiatives in second quarter 2021.
Guidance
Vistra is reaffirming its 2022 Ongoing Operations Adjusted EBITDA1 and Ongoing Operations Adjusted FCFbG1 guidance ranges of $2,810 to $3,310 million and $2,070 to $2,570 million, respectively.
Share Repurchase Program
As of Aug. 2, 2022, Vistra has completed approximately $1.6 billion in share repurchases under its existing $2 billion share repurchase program. Vistra has purchased approximately 70.5 million shares since Nov. 2, 2021, representing approximately 14.6% of the shares outstanding at that time. Taking into account the incremental $1.25 billion authorization, approximately $1.65 billion remains available for execution under the program, which we expect to execute by year-end 2023.
Liquidity
As of June 30, 2022, Vistra had total available liquidity of approximately $3,439 million, including cash and cash equivalents of $1,871 million, $368 million of availability under its corporate revolving credit facility, and $1,200 million of availability under its commodity-linked revolving credit facility assuming the borrowing base equals the aggregate commitments of $2.25 billion.
Earnings Webcast
Vistra will host a webcast today, Aug. 5, 2022, beginning at 8 a.m. ET (7 a.m. CT) to discuss these results and related matters. The live webcast and the accompanying slides that will be discussed on the call can be accessed via Vistra's website at www.vistracorp.com under "Investor Relations" and then "Events & Presentations." Participants can also listen by phone by registering here prior to the start time of the call to receive a conference call dial-in number. A replay of the webcast will be available on the Vistra website for one year following the live event.
About Non-GAAP Financial Measures and Items Affecting Comparability
"Adjusted EBITDA" (EBITDA as adjusted for unrealized gains or losses from hedging activities, tax receivable agreement impacts, reorganization items, and certain other items described from time to time in Vistra's earnings releases), "Adjusted Free Cash Flow before Growth" (or "Adjusted FCFbG") (cash from operating activities excluding changes in margin deposits and working capital and adjusted for capital expenditures (including capital expenditures for growth investments), other net investment activities, and other items described from time to time in Vistra's earnings releases), "Ongoing Operations Adjusted EBITDA" (adjusted EBITDA less adjusted EBITDA from Asset Closure segment), "Net Income (Loss) from Ongoing Operations" (net income less net income from Asset Closure segment), "Ongoing Operations Adjusted Free Cash Flow before Growth" or "Ongoing Operations Adjusted FCFbG" (adjusted free cash flow before growth less cash flow from operating activities from Asset Closure segment before growth), are "non-GAAP financial measures." A non-GAAP financial measure is a numerical measure of financial performance that excludes or includes amounts so as to be different than the most directly comparable measure calculated and presented in accordance with GAAP in Vistra's consolidated statements of operations, comprehensive income, changes in stockholders' equity and cash flows. Non-GAAP financial measures should not be considered in isolation or as a substitute for the most directly comparable GAAP measures. Vistra's non-GAAP financial measures may be different from non-GAAP financial measures used by other companies.
Vistra uses Adjusted EBITDA as a measure of performance and believes that analysis of its business by external users is enhanced by visibility to both Net Income prepared in accordance with GAAP and Adjusted EBITDA. Vistra uses Adjusted Free Cash Flow before Growth as a measure of liquidity and believes that analysis of its ability to service its cash obligations is supported by disclosure of both cash provided by (used in) operating activities prepared in accordance with GAAP as well as Adjusted Free Cash Flow before Growth. Vistra uses Ongoing Operations Adjusted EBITDA as a measure of performance and Ongoing Operations Adjusted Free Cash Flow before Growth as a measure of liquidity, and Vistra's management and Board have found it informative to view the Asset Closure segment as separate and distinct from Vistra's ongoing operations. Vistra uses Net Income (Loss) from Ongoing Operations as a non-GAAP measure that is most comparable to the GAAP measure Net Income in order to illustrate the company's Net Income excluding the effects of the Asset Closure segment, as well as a measure to compare to Ongoing Operations Adjusted EBITDA. The schedules attached to this earnings release reconcile the non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP.
About Vistra
Vistra (NYSE: VST) is a leading Fortune 500 integrated retail electricity and power generation company based in Irving, Texas, providing essential resources for customers, commerce, and communities. Vistra combines an innovative, customer-centric approach to retail with safe, reliable, diverse, and efficient power generation. The company brings its products and services to market in 20 states and the District of Columbia, including six of the seven competitive wholesale markets in the U.S. Serving approximately 4 million residential, commercial, and industrial retail customers with electricity and natural gas, Vistra is one of the largest competitive electricity providers in the country and offers over 50 renewable energy plans. The company is also the largest competitive power generator in the U.S. with a capacity of approximately 39,000 megawatts powered by a diverse portfolio, including natural gas, nuclear, solar, and battery energy storage facilities. In addition, Vistra is a large purchaser of wind power. The company owns and operates the 400-MW/1,600-MWh battery energy storage system in Moss Landing, California, the largest of its kind in the world. Vistra is guided by four core principles: we do business the right way, we work as a team, we compete to win, and we care about our stakeholders, including our customers, our communities where we work and live, our employees, and our investors. Learn more about our environmental, social, and governance efforts and read the company's sustainability report at https://www.vistracorp.com/sustainability/.
Cautionary Note Regarding Forward-Looking Statements
The information presented herein includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on current expectations, estimates and projections about the industry and markets in which Vistra Corp. ("Vistra") operates and beliefs of and assumptions made by Vistra's management, involve risks and uncertainties, which are difficult to predict and are not guarantees of future performance, that could significantly affect the financial results of Vistra. All statements, other than statements of historical facts, that are presented herein, or in response to questions or otherwise, that address activities, events or developments that may occur in the future, including such matters as activities related to our financial or operational projections, the potential impacts of the COVID-19 pandemic on our results of operations, financial condition and cash flows, projected synergy, value lever and net debt targets, capital allocation, capital expenditures, liquidity, projected Adjusted EBITDA to free cash flow conversion rate, dividend policy, business strategy, competitive strengths, goals, future acquisitions or dispositions, development or operation of power generation assets, market and industry developments and the growth of our businesses and operations (often, but not always, through the use of words or phrases, or the negative variations of those words or other comparable words of a future or forward-looking nature, including, but not limited to: "intends," "plans," "will likely," "unlikely," "believe," "confident", "expect," "seek," "anticipate," "estimate," "continue," "will," "shall," "should," "could," "may," "might," "predict," "project," "forecast," "target," "potential," "goal," "objective," "guidance" and "outlook"),are forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. Although Vistra believes that in making any such forward-looking statement, Vistra's expectations are based on reasonable assumptions, any such forward-looking statement involves uncertainties and risks that could cause results to differ materially from those projected in or implied by any such forward-looking statement, including, but not limited to: (i) adverse changes in general economic or market conditions (including changes in interest rates) or changes in political conditions or federal or state laws and regulations; (ii) the ability of Vistra to execute upon its contemplated strategic, capital allocation, performance, and cost-saving initiatives and to successfully integrate acquired businesses; (iii) actions by credit ratings agencies; (iv) the severity, magnitude and duration of pandemics, including the COVID-19 pandemic, and the resulting effects on our results of operations, financial condition and cash flows; (v) the severity, magnitude and duration of extreme weather events (including Winter Storm Uri), contingencies and uncertainties relating thereto, most of which are difficult to predict and many of which are beyond our control, and the resulting effects on our results of operations, financial condition and cash flows; and (vi) those additional risks and factors discussed in reports filed with the Securities and Exchange Commission by Vistra from time to time, including the uncertainties and risks discussed in the sections entitled "Risk Factors" and "Forward-Looking Statements" in Vistra's annual report on Form 10-K for the year ended December 31, 2021 and any subsequently filed quarterly reports on Form 10-Q.
Any forward-looking statement speaks only at the date on which it is made, and except as may be required by law, Vistra will not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible to predict all of them; nor can Vistra assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement.
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SOURCE Vistra Corp.
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https://www.ktre.com/prnewswire/2022/08/05/vistra-reports-second-quarter-2022-results-authorizes-additional-125-billion-share-repurchases/
| 2022-08-05T11:09:32
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Realme has officially started the Android 13 Early Access program for Realme GT 2 Pro owners. It will give users the chance to take a look at what Android 13 has to offer before the stable version comes out.
Launched in April this year, the Realme GT 2 Pro is powered by the Qualcomm Snapdragon 8 Gen 1 processor. According to the company, the Early Access program application will open on August 4. While Realme said the update will start rolling out in the coming days, there is no definite timeframe as to when it will be available.
We recommend against enrolling in the Early Access program if Realme GT 2 Pro is your daily driver as it may not be stable. Keep in mind that most beta builds come with several updates and bugs, which are constantly being fixed. Still, if you want to enroll in the program, open the ‘Settings’ app, tap on ‘Software Update’ and update your device to UI version ‘RMX3301_11.A.16/ RMX3301_11.A.17’.
Once the device is updated, go to Software Update again and tap the three-dot menu. You will then see an option that says ‘Trial Version. Click on it, fill in the required details, accept the Privacy Policy and you will see that the Submit button will turn green. Tap on it and you are good to go.
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Keep in mind that users will be enrolled in batches, so you might not get the update on your phone as soon as you apply.
- The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
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https://indianexpress.com/article/technology/mobile-tabs/android-13-early-access-program-for-realme-gt-2-pro-started-heres-how-to-enroll-8072858/
| 2022-08-05T11:09:35
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| 0.942921
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MAPLE PLAIN, Minn. (AP) _ Proto Labs Inc. (PRLB) on Friday reported net income of $2.6 million in its second quarter.
The Maple Plain, Minnesota-based company said it had net income of 9 cents per share. Earnings, adjusted for non-recurring costs, came to 46 cents per share.
The custom parts manufacturer posted revenue of $126.9 million in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRLB at https://www.zacks.com/ap/PRLB
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https://www.myjournalcourier.com/business/article/Proto-Labs-Q2-Earnings-Snapshot-17353765.php
| 2022-08-05T11:09:35
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| 0.938528
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The White House insists the U.S. economy is not facing a recession, even after gross domestic product contracted for two consecutive quarters. That marker usually indicates a recession.
Copyright 2022 NPR
The White House insists the U.S. economy is not facing a recession, even after gross domestic product contracted for two consecutive quarters. That marker usually indicates a recession.
Copyright 2022 NPR
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https://www.kunm.org/2022-08-05/is-the-u-s-in-a-recession-the-committee-that-decides-is-looking-at-all-the-data
| 2022-08-05T11:09:36
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| 0.94979
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Two primary factors determine the colour of wings in insects. One of those is heat regulation: the darker the colour, the more heat they will absorb. This is an advantage in colder climes, but a disadvantage in hotter ones. Thus, the ‘thermal melanism hypothesis’ maintains that insect populations that grow in cooler areas will be darker, but those that grow in hotter areas will be lighter in colour.
The second factor is the ability to ward off predator. This is done either by camouflaging into surroundings or by mimicking the appearance of a species that cannot be eaten by the predator. Camouflage, where the wing colour allows the insect to blend with its surroundings and evade predators. In the case of the latter – when wing patterns have developed to deter predation – evolution converges to a wing colour pattern and ‘stabilises’ there.
A study in Ecology and Evolution puts the Australian red-necked wasp moth, Amata nigriceps, under the scanner to examine whether temperature has had any influence on the species’ wing colour patterns. The general understanding, so far, as been that this moth species has developed its distinctive orange-on-black wing colour patterns to repel predators – known as an ‘aposematic’ trait.
A nigriceps, a moth species indigenous to Australia, is typically preyed on by (like other moth species) by birds, lizards, and small rodents. Put simply, the more the orange on the wing, the more the warning signal to the predators. Predators, therefore, target moths with lower amount of orange spots, and this is ‘expected to favour more orange warning signals’. Nonetheless, there is considerable variation in wing colour patterns between populations, for which temperature could be one of the causative agents.
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In order to see whether this variation was indeed determined by temperature, Binns et al. (2022) sampled moths from two different flight seasons (Oct to Dec and Feb to Apr), which enabled them to source moths from different environmental temperatures. Furthermore, they reared moths in laboratory conditions under three different temperatures. Upon collection, they were euthanized, and their wings were plucked for image analysis.
The study’s prediction was that lower temperatures will prolong the time taken by larvae to develop into adult individuals and result in smaller orange spots (a ‘reduced warning signal size’). Lower temperatures, it was additionally predicted, will favour more black over orange, allowing the moth to absorb more heat to maintain a suitable body temperature. But their observations did not match the predictions.
On the contrary, they found that temperature had no effect on wing colour ‘in either wild or laboratory moths. Populations under examination continued to maintain their wing pattern variation. For example, in the rearing experiment, for the batches raised under three different temperatures, the proportion of orange in the wings was between 12 to 30 per cent. However, the variation between different populations, i e those sourced from different locations in Australia, was quite significant. The pattern was also determined by the sex of the individual, with females having more orange.
There are a few things that can possibly explain this observation. One is the high degree of genetic heritability for warning signals. This has been found for other aposematic species as well: a 2021 study on the hibiscus harlequin bug – another Australian insect – showed found that growing conditions played no role in adult colouration. Two, a factor determining the average proportion of orange/black in a population could be the predator community composition. Three, a key abiotic factor – other than temperature – which was overlooked in this study, is rainfall. A 2008 study on the common fruit fly, for instance, showed that those populations from highlands had darker wings, and, therefore, less water loss, than their lowland counterparts. Wing colouration could also influence flying behaviour, certainly useful in escaping predators.
However, not all studies have point in the same direction. A study on monarch butterflies, which inhabit a wide temperature gradient in found a clear correlation between temperature and wing colouration. So did a study on copper butterflies. Binns et al. (2022) do acknowledge that, in their experiment on A nigriceps, the difference in temperatures between the two seasons, or in the laboratory conditions, varied only by a few degrees Celsius. This was, perhaps, not enough to induce a significantly different warning signal.
Will the wing colour patterns of the Australian red-necked moth adhere to the ’thermal melanism hypothesis’ when subjected to a much wider temperature gradient? Binns and his colleagues hope to find that out in the near future.
The author is a research fellow at the Indian Institute of Science (IISc), Bengaluru, and a freelance science communicator. He tweets at @critvik
- The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
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https://indianexpress.com/article/technology/science/higher-temperatures-do-not-necessarily-mean-darker-wings-study-on-australian-moth-species-shows-8072752/
| 2022-08-05T11:09:41
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| 0.960518
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BANNOCKBURN, Ill. (AP) _ Stericycle Inc. (SRCL) on Friday reported second-quarter profit of $10.5 million.
The Bannockburn, Illinois-based company said it had net income of 11 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, were 48 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.
The medical waste management company posted revenue of $679.8 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $669.4 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SRCL at https://www.zacks.com/ap/SRCL
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https://www.myjournalcourier.com/business/article/Stericycle-Q2-Earnings-Snapshot-17353813.php
| 2022-08-05T11:09:42
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| 0.94769
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Biden declares monkeypox a public health emergency. Senate Democrats clear a hurdle to a climate, health care and tax package. Alex Jones is ordered to pay two Sandy Hook parents more $4 million.
Copyright 2022 NPR
Biden declares monkeypox a public health emergency. Senate Democrats clear a hurdle to a climate, health care and tax package. Alex Jones is ordered to pay two Sandy Hook parents more $4 million.
Copyright 2022 NPR
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https://www.kunm.org/2022-08-05/news-brief-monkeypox-cases-democrats-climate-and-tax-bill-alex-jones-trial
| 2022-08-05T11:09:42
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| 0.916939
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Mexico City is known for its delicious and fulfilling torta sandwiches. Earlier this month the city’s residents took their love for the local dish a step further and created the world’s longest torta sandwich in just two minutes and nine seconds.
The world record was broken in the Venustiano Carranza neighbourhood during the 17th edition of the annual torta festival.
Cooks from various local food establishments and volunteers came together to make a 74-metre(242.7 feet)-long sandwich. The sandwich weighed almost 800 kg.
As reported by Reuters, servings from the sandwich were made available to the attendees of the fair for 35 pesos (approximately 1.5 dollars or 118 rupees). The sandwich was divided into different sections. Each section had a distinct flavour based on the regional chefs who were involved in preparing it.
Assembled at a record speed of just over 2 minutes, this ‘torta’ sandwich broke another world record also for the longest one ever created at 242.7 feet at 17th annual Torta fair in Mexico City pic.twitter.com/LFLHjNTxDj
— Reuters (@Reuters) August 4, 2022
One could pick their serving from classic fillings such as chicken, pork and beef, while the more adventurous eaters could make a pick from exotic fillings such as venison, ostrich and crocodile.
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While talking to the news agency about the cultural relevance of the torta sandwiches, Jessy Arevalo, an attendee at the Torta Fair, said, “Tortas mean everything! They mean love, they mean getting together. At least in my house we cook tortas when the family is together and we all put our favourite ingredients in them.”
- The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
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https://indianexpress.com/article/trending/trending-globally/mexico-city-chefs-make-74-metre-long-torta-sandwich-break-world-record-8072773/
| 2022-08-05T11:09:47
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| 0.960281
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SYLMAR, Calif. (AP) _ Tutor Perini Corp. (TPC) on Friday reported a loss of $63 million in its second quarter.
The Sylmar, California-based company said it had a loss of $1.23 per share.
The construction company posted revenue of $861 million in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TPC at https://www.zacks.com/ap/TPC
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https://www.myjournalcourier.com/business/article/Tutor-Perini-Q2-Earnings-Snapshot-17353766.php
| 2022-08-05T11:09:48
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| 0.936866
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Players wander through a cyberpunk city as a virtual orange tabby walks on keyboards or takes a spill off a rusted pipe. They can livestream their game to raise money for a pet shelter.
Copyright 2022 NPR
Players wander through a cyberpunk city as a virtual orange tabby walks on keyboards or takes a spill off a rusted pipe. They can livestream their game to raise money for a pet shelter.
Copyright 2022 NPR
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https://www.kunm.org/2022-08-05/the-video-game-sensation-stray-is-helping-real-stray-cats
| 2022-08-05T11:09:48
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| 0.921536
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experts says about drinking too much coconut water
Understanding the practice of earthing
Never share cosmetics or makeup products
Include these Yoga poses to cooling down
ALSO CHECK OUT:
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https://indianexpress.com/web-stories/life-style/jennifer-garner-warns-against-injecting-anything-into-face-be-very-cautious/
| 2022-08-05T11:09:53
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| 0.933476
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PITTSBURGH (AP) _ Westinghouse Air Brake Technologies Corp. (WAB) on Friday reported second-quarter earnings of $166 million.
On a per-share basis, the Pittsburgh-based company said it had profit of 91 cents. Earnings, adjusted for amortization costs and restructuring costs, came to $1.23 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share.
The maker of parts for locomotives, subways and buses posted revenue of $2.05 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $2.08 billion.
Wabtec expects full-year earnings in the range of $4.70 to $5 per share, with revenue in the range of $8.3 billion to $8.6 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WAB at https://www.zacks.com/ap/WAB
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https://www.myjournalcourier.com/business/article/Wabtec-Q2-Earnings-Snapshot-17353804.php
| 2022-08-05T11:09:54
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| 0.931489
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Disney World's "It's a Small World" ride broke down and dozens of people were stuck on their boats listening to animatronic characters sing to them over and over. One person said it was like torture.
Copyright 2022 NPR
Disney World's "It's a Small World" ride broke down and dozens of people were stuck on their boats listening to animatronic characters sing to them over and over. One person said it was like torture.
Copyright 2022 NPR
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https://www.kunm.org/2022-08-05/what-if-you-were-forced-to-listen-to-its-a-small-world-for-an-hour-straight
| 2022-08-05T11:09:55
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en
| 0.987476
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experts says about drinking too much coconut water
Understanding the practice of earthing
Never share cosmetics or makeup products
Include these Yoga poses to cooling down
ALSO CHECK OUT:
View more
|
https://indianexpress.com/web-stories/wellness/how-to-manage-bone-health-during-menopause/
| 2022-08-05T11:09:59
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| 0.933476
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BEIJING (AP) — China halts dialogue with US on climate change, military issues, anti-drug work in retaliation for Pelosi's Taiwan visit.
- Jacksonville auto shop double-whammied as crash sends semi, truck into...
- Eighth person dies from wrong-way crash on Illinois highway
- Police beat for Thursday, Aug. 4
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- A look at events taking place in Jacksonville and surrounding counties.
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https://www.myjournalcourier.com/news/article/Alert-China-halts-dialogue-with-US-on-climate-17353760.php
| 2022-08-05T11:10:00
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| 0.924469
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TEL AVIV, Israel — A long-lost painting by the British graffiti artist Banksy has resurfaced in a swank art gallery in downtown Tel Aviv, an hour's drive and a world away from the concrete wall in the occupied West Bank where it was initially sprayed.
The relocation of the painting — which depicts a slingshot-toting rat and was likely intended to protest the Israel occupation — raises ethical questions about the removal of artwork from occupied territory and the display of such politically-charged pieces in radically different settings from where they were created.
The painting initially appeared near Israel's separation barrier in the occupied West Bank city of Bethlehem and was one of several works created in secret around 2007. They employed Banksy's trademark absurdist and dystopian imagery to protest Israel's decades-long occupation of territories the Palestinians want for a future state.
Now it resides at the Urban Gallery in the heart of Tel Aviv's financial district, surrounded by glass and steel skyscrapers.
"This is the story of David and Goliath," said Koby Abergel, an Israeli art dealer who purchased the painting, without elaborating on the analogy. He said the gallery was simply displaying the work, leaving its interpretation to others.
The Associated Press could not independently confirm the authenticity of the piece, but Abergel said the cracks and scrapes in the concrete serve as "a fingerprint" that proves it is the same piece that appears on the artist's website.
The 70-kilometer (43-mile) journey it made from the West Bank to Tel Aviv is shrouded in secrecy. The 900-pound concrete slab would have had to pass through Israel's serpentine barrier and at least one military checkpoint — daily features of Palestinian life and targets of Banksy's biting satire.
Abergel, who is a partner with the Tel Aviv gallery, said he bought the concrete slab from a Palestinian associate in Bethlehem. He declined to disclose the sum he paid or identify the seller, but insisted on the deal's legality.
The graffiti artwork was spray-painted on a concrete block that was part of an abandoned Israeli army position in Bethlehem, next to a soaring concrete section of the separation barrier.
Some time later, the painting was itself subjected to graffiti by someone who obscured the painting and scrawled "RIP Bansky Rat" on the block. Palestinian residents cut out the painting and kept it in private residences until earlier this year, Abergel said.
He said the relocation involved delicate negotiations with his Palestinian associate and careful restoration to remove the acrylic paint sprayed over Banksy's work. The massive block was then enclosed in a steel frame so it could be lifted onto a flatbed truck and rolled through a checkpoint, until it arrived in Tel Aviv in the middle of the night.
It was not possible to independently confirm his account of its journey.
The piece now stands on an ornately patterned tile floor, surrounded by other contemporary art. Baruch Kashkash, the gallery's owner, said the roughly 2-square-meter (-yard) block was so heavy it had to be brought inside by a crane, and could barely be moved from the doorway.
Israel controls all access to the West Bank, and Palestinians require Israeli permits to travel in or out and to import and export goods. Even when traveling within the West Bank, they can be stopped and searched by Israeli soldiers at any time.
Israeli citizens, including Jewish settlers, can travel freely in and out of the 60% of the West Bank that is under full Israeli control. Israel prohibits its citizens from entering areas administered by the Palestinian Authority for security reasons, but there's little enforcement of that ban.
The Palestinians have spent decades seeking an independent state in the West Bank, Gaza and east Jerusalem, territories captured by Israel in the 1967 Mideast war. The peace process ground to a halt more than 10 years ago.
Abergel said the artwork's move was not coordinated with the Israeli military, and that his Palestinian associates, whom he declined to name, were responsible for moving it into Israel and crossing through military checkpoints. He said he has no plans to sell the piece.
According to the international treaty governing cultural property to which Israel is a signatory, occupying powers must prevent the removal of cultural property from occupied territories. It remains unclear exactly how the 1954 Hague Convention would apply in this instance.
"This is theft of the property of the Palestinian people," said Jeries Qumsieh, a spokesperson for the Palestinian Tourism Ministry. "These were paintings by an international artist for Bethlehem, for Palestine, and for visitors to Bethlehem and Palestine. So transferring them, manipulating them and stealing them is definitely an illegal act."
The Israeli military and COGAT, the Israeli Defense Ministry body responsible for coordinating civilian affairs with the Palestinians, said they had no knowledge of the artwork or its relocation.
Banksy has created numerous artworks in the West Bank and Gaza Strip in recent years, including one depicting a girl conducting a body search on an Israeli soldier, another showing a dove wearing a flak jacket, and a masked protester hurling a bouquet of flowers. He also designed the "Walled Off Hotel" guesthouse in Bethlehem, which is filled with his artwork.
A spokesperson for Banksy did not respond to requests for comment.
This is not the first time the street artist's work has been lifted from the West Bank. In 2008, two other paintings — "Wet Dog" and "Stop and Search" — were removed from the walls of a bus shelter and butcher shop in Bethlehem. They were eventually bought by galleries in the United States and Britain where they were exhibited in 2011.
Abergel says it's up to viewers to draw their own conclusions about the artwork and its implications.
"We brought it to the main street of Tel Aviv to be shown to the audience and to show his messages," said Abergel. "He should be happy with it."
Copyright 2022 NPR. To see more, visit https://www.npr.org.
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https://www.kunm.org/npr-news/2022-08-05/a-banksy-painting-that-was-sprayed-in-the-west-bank-resurfaces-in-tel-aviv
| 2022-08-05T11:10:01
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| 0.975715
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On Tuesday night as results rolled in for Kansas's consequential vote on abortion rights, advocates on both sides of the abortion debate were watching closely, looking for lessons as they prepare for similar votes on abortion rights measures this fall.
The results in Kansas — the nation's first statewide vote on abortion rights after Roe v. Wade was overturned in June — has upended traditional wisdom about the politics of abortion. In a Republican-leaning state that preferred President Donald Trump by 15 points in 2020, the outcome was landslide that few expected: Nearly 60% of voters chose to support abortion rights.
Among the states with ballot measures scheduled for November is Kentucky, where voters will consider a constitutional amendment similar to the one that failed in Kansas.
Supporters of abortion rights there have been "energized" by Tuesday's results, said Samuel Crankshaw of the ACLU of Kentucky, which opposes the proposed amendment. "We're in a lucky position where we can learn from allies in other states at this point," he said.
Addia Wuchner, executive director of the Kentucky Right to Life Association, watched the election results at home in her office, she said. She called the result "heartbreaking."
With fewer than 100 days to go until the election, her coalition is whirring up its messaging, fundraising and training efforts. They are bracing for the national spotlight — and the concurrent firehose of outside money — to turn to Kentucky.
Kentucky is more conservative than Kansas — it went for Trump by 26 points — but some dynamics are similar, with a small number of blue counties set in a sea of red. But the margin of victory for abortion rights supporters in Kansas was so large that it has sparked concern in Wuchner's group and others.
"We're just now analyzing to see what we can learn," she said.
Measures in three other states
In addition to Kentucky, ballot measures on abortion rights will appear in two blue states, California and Vermont. Another is expected in Michigan, where abortion rights supporters recently turned in a record number of signatures for a proposed amendment.
A poll by the Pew Research Center conducted last month found that 62% of Americans believe that abortion should be legal in all or most cases.
The results in Kansas showed a 10- to 15-point swing in many counties from the 2020 presidential election results to Tuesday's vote, suggesting that abortion is an issue that can defy partisan lines.
"The results in Kansas are reflective of what we're seeing nationwide and here in Michigan: Voters are energized and motivated to fight back to protect their health and rights following the elimination of the federal constitutional right to abortion," said Ashlea Phenicie, a spokesperson at Planned Parenthood Advocates of Michigan, one of the groups supporting the Michigan ballot measure.
Crafting messages for different electorates
Campaign tactics that work in Kansas may not be right for a swing state like Michigan or Florida, said Rachel Rebouche, a professor of reproductive and family law at Temple University.
"What voters will respond to will depend on where they are, will depend on the culture they find themselves in," she said in an interview with NPR.
In Kansas, the pro-abortion rights campaign found success in messages about autonomy and government overreach. (One TV ad paired the words "government mandate" with a photograph of a sign asking business customers to wear face masks.) Many of its mailers and advertisements avoided the word "abortion" altogether.
"It really wove together a set of messages around consequences, but also appealing to what the campaign believed Kansas voters would respond to," said Rebouche.
Other advertisements in Kansas framed the proposed amendment as too extreme for Kansans, pointing to language that would have allowed legislators to pass abortion restrictions, "including, but not limited to, laws that account for circumstances" of rape, incest or in which a mother's life is endangered.
More noise to cut through in November
That language "may have been a factor" in the measure's failure, said Wuchner of Kentucky Right to Life, who called the wording "confusing."
"The people aren't used to having to debate all the matters of fact that legislators are. And it may have just been a little bit too much wording," she said. That may have opened the door for the amendment's opponents to "scaremonger and fearmonger," she added.
Kentucky's ballot measure is simpler. It would amend the state's constitution to read: "To protect human life, nothing in this Constitution shall be construed to secure or protect a right to abortion or require the funding of abortion."
By contrast, the proposed amendment in Michigan — which would add protection for abortion rights to the state constitution, rather than remove them like in Kansas or Kentucky — is much more complicated, clocking in at more than 300 words. (Even though the measure is not yet officially on the ballot, its language already has come under criticism from abortion rights opponents.)
Another variable could be the broader range of choices facing voters in November. In Kansas, only voters registered with a specific party may vote in that party's primary, meaning that any unaffiliated voter cast a ballot on Tuesday that included only the abortion question.
In November, voters will be weighing other races too, choosing between candidates with positions on a variety of issues. That could drive turnout based on different issues — including inflation, which is named by Republican voters as a "very important" issue much more often than abortion, according to new polls by YouGov and the Kaiser Family Foundation.
"No matter what, we're going to treat it like an uphill battle, because we need to give every effort and every resource we have to defeat this amendment," said Crankshaw of the ACLU of Kentucky.
Copyright 2022 NPR. To see more, visit https://www.npr.org.
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https://www.kunm.org/npr-news/2022-08-05/abortion-rights-supporters-and-opponents-look-for-lessons-from-the-kansas-vote
| 2022-08-05T11:10:07
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| 0.970712
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BEIJING (AP) — China suspende diálogo sobre cambio climático, asuntos militares y lucha antidroga con EEUU por viaje de Pelosi a Taiwán.
- Jacksonville auto shop double-whammied as crash sends semi, truck into...
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https://www.myjournalcourier.com/news/article/China-suspende-di-logo-sobre-cambio-clim-tico-17353796.php
| 2022-08-05T11:10:12
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| 0.851786
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Amnesty International issued a report on Thursday accusing the Ukrainian military of stationing its troops and artillery near hospitals, schools and residential buildings in ways that may amount to war crimes. The international human rights organization says it spent two months in Ukraine interviewing locals and collecting physical evidence to compile the report.
"Viable alternatives were available that would not endanger civilians – such as military bases or densely wooded areas nearby, or other structures further away from residential areas," reads the report.
Responding to questions about Amnesty's findings, Ukraine's deputy Defense Minister, Hanna Maliar, said that Ukraine "regularly conducts evacuations of civilians from conflict areas." Thousands can't or won't flee some of the towns along the front.
But Amnesty International says that Ukrainian troops shelter alongside civilians far from active conflict zones, and that Russian rocket strikes on Ukrainian military positions have left several nearby civilians dead.
Donatella Rovera, the report's author, says that situations like these arise on all sides of any war, and that it's up to Ukrainians to address the concerns as soon as possible.
"I think the level of self-censorship on this issue has been pretty extraordinary," said Rovera.
Like Amnesty International, NPR's journalists also have witnessed some evidence of military presence near bombed civilian areas.
Ukrainian officials have claimed that their defensive posture against Russia justifies all tactics used so far, and that the report unfairly implicates Ukraine in war crimes. One top adviser to Ukraine's president even accused the human rights group of being Russian propagandists fostering disinformation.
"Please stop creating a false reality where everybody is equally to blame [for the war]" said Dmytro Kuleba, Ukraine's foreign minister, in a video broadcast on television. He joined a chorus of others, including Amnesty International's own Ukraine office, in saying that foreign observers should blame only Russia for any threats against civilians.
Amnesty International has produced dozens of reports about Russian war crimes. Rovera said she personally investigated when hundreds of tortured bodies turned up in suburban Kyiv after Russia retreated from the area.
"To say that issuing a four-page press release compares to hundreds of pages that we've published since the beginning of the Russian invasion ... it's just not true," said Rovera.
The report notes that reports of Russia's use of illegal weapons in civilian areas — including cluster munitions and anti-personnel landmines — should give Ukraine even more reason to keep its troops far away from civilians.
Amnesty International gave the Ukrainian Defense Ministry six days to respond to specific evidence about Ukrainian military presence in civilian areas. The rights group's Ukraine office says that wasn't enough time.
Rovera says that she understands Ukrainians are, in many ways, outgunned and outmatched, but that the credibility of Ukrainian's moral high ground requires a total adherence to international law — even if it puts its military at a tactical disadvantage.
Copyright 2022 NPR. To see more, visit https://www.npr.org.
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https://www.kunm.org/npr-news/2022-08-05/amnesty-international-says-ukraines-military-has-been-risking-its-civilians-lives
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First, to the many nervous fans of The Sandman among you:
Relax. They nailed it.
Yeah, it took forever, and a slew of assorted aborted attempts, but the Netflix adaptation of the landmark comic book series just ... works.
It succeeds as a faithful presentation of the look, feel and story of the Lord of Dreams as presented in the comics, which was written by Neil Gaiman, with art by Sam Kieth, Mike Dringenberg and many other pencilers and inkers over the years.
Far more importantly, however, it succeeds as a work of adaptation.
Where recent audiobook versions strictly adhered to every infinitesimal detail of the 1989-1995 comic run (and as a result ended up feeling both dated and overwritten), the Netflix series' grip on the source text is gratifyingly looser. It breathes.
Changes, big and small, have been made to characters and storylines that streamline, update and focus the narrative, now honed to fit the specific propulsive demands of serialized television.
Now, to everyone else coming to these stories and characters fresh: Okay, I have absolutely no idea how you're gonna take this. The show, like the comic, throws a lot at you out of the gate. But I think there's a better than average chance you might finally begin to understand why the rest of us have been pestering you to read the comic, all these years.
Like sands through the hourglass ....
The Sandman is the story of Morpheus, aka Dream. He's one of The Endless — a handful of abstract concepts (Dream, Death, Desire, Despair, etc.) that assume the anthropomorphic shapes of bickering siblings. While immensely powerful and immortal, they are bound by rules and duties as they oversee aspects of human existence. Morpheus, for his part, controls The Dreaming, a vast realm of adventures, delights and horrors that humans visit when we sleep.
The comic begins in 1916, when a self-styled British occultist traps Morpheus within a magic circle and robs him of his tools of office. (The magus was aiming to capture Morpheus' sibling Death, but must have transposed a rune or two, the poor sap.)
How Dream escapes after many years of captivity, and how he sets about repairing the damage done in his absence to both his realm and to the waking world, is the first story arc of what became a 75-issue series. The second arc deals with his attempts to round up dreams and nightmares that have escaped The Dreaming. The 10 episodes of the Netflix series cover both of these first storylines.
From horrific to mythic
Now, look: The comic is beloved, and has accrued richly-deserved awards and acclaim. But it helps to keep in mind that everything the comic became over the course of its 75 issues — a sweeping, sprawling epic of myths and monsters that takes as its subject nothing less than the power of stories to change the world — was not what it was at the beginning.
The Sandman was envisioned and promoted as a horror comic; marketing materials featured an image of Morpheus cradling a pile of sand in his palm alongside a line from T.S. Eliot's The Waste Land: "I will show you fear in a handful of dust."
It was also created by a young writer still finding his voice, still stepping out of the shadow of writers like Alan Moore and Stephen King. Take its sixth issue, set in a diner where a character uses one of Morpheus' tools to cruelly torment the staff and customers. It was widely praised at the time, as was a later storyline involving child abuse, sexual violence and serial murder.
Reading these issues over now, they remain harrowing, albeit in a kind of facile, unearned way. Their lurid shocks read like a writer trying to see what he could get away with, favoring glib cleverness over emotional truth. There's an essential emptiness that flattens the characters into so many writing exercises meant to elicit our reflexive disgust, instead of our empathic connection.
Those horror-story elements remain in the Netflix series, but producers Gaiman, David S. Goyer and Allan Heinberg have made choices in adapting them for the screen that dig more deeply and resonate more truly. Where the comic, like so many narratives before and since, used violence against children, women and marginalized communities to spur its white-knight protagonist into action, the Netflix series is eager to allot such characters more agency, more independence, more roundedness, more life.
In fact, every choice made in the process of adaptation bends the narrative toward a more sincere, more humane and more emotionally expansive telling. Writing that was originally bound up in self-satisfied cleverness here feels deeply engaged and thoughtful.
Which means the series is effectively setting itself up for the long term. Should The Sandman get all the subsequent seasons it deserves, its central narrative will become an intimate and deeply emotional one, about a man whose sense of duty and inflexible, preconceived sense of self keeps him from engaging with others, and from experiencing the kind of emotional growth necessary to adapt to a changing world. In the comic, the writing eventually grew past its familiar, reductive horror trappings to embrace and meaningfully engage such deeper truths. The Netflix series is already doing that work.
The series rests upon the bony shoulders of its hero
What's more, all of that good, chewy, satisfying work is aided immeasurably by the casting of Tom Sturridge as Morpheus. Sure, he looks the part, with his alabaster skin, sculpted cheekbones, lean frame and Robert Smith hair.
And yeah, he delivers most of his lines in a throaty whisper that recalls both an ASMR Youtuber and Eddie Redmayne in Jupiter Ascending (non-shouty bits only). But how else would you imagine giving voice to the Morpheus of the comics, whose striking word balloons (ingeniously designed by the great Todd Klein) were rendered as solid black with white lettering?
What's important is that Sturridge captures the competing aspects of Morpheus that are forever roiling under his impassive surface — his haughtiness, his wounded vulnerability; his stiffness, his longing for connection. Also, his brittle anger, his ability to — almost, not quite, but almost — laugh at himself.
The series smartly beefs up the role of Dream's librarian, played here by Vivienne Acheampong; we learn that unlike in the comic, her loyalty is not borne solely out of blind duty – it's informed by her own deeply personal sense of purpose.
Boyd Holbrook's take on the rogue, eyeball-chomping nightmare The Corinthian — whose role is also greatly expanded from the comic, to good effect — oozes a malicious Southern charm. As two of Dream's immortal siblings, Kirby Howell-Baptiste and Mason Alexander Park evoke the iconic elements of their characters, while making the roles distinctly their own. And David Thewliss, playing a would-be supervillain, shifts fluidly between pitiable wretch and malicious manipulator — and he's outfitted with a motivation that clarifies his character's goals, which are a bit muddier in the comic.
The comic, distilled
The main thing that will strike readers familiar with the comic as they watch these 10 episodes unfold is this: How much more cleanly and clearly the story emerges, now that it's been freed of the DC Comics editorial mandates Gaiman and his collaborators had to navigate back in the day. Without, for example, having to find a way to squeeze in a cameo by members of the Justice League, or pay obeisance to a shakeup of Hell's ruling hierarchy taking place in another writer's comic, or untangle various pre-existing DC characters' backstories that had been pummeled into dust by a string of company-wide reboots, retcons and relaunches, the Netflix series simply unspools Dream's travails and triumphs, confidently collapsing characters and storylines together, to keep things rolling along.
To fans of the comic, the changes introduced into the adaptation offer intriguing new variations on now-familiar themes without erasing what we love. In fact, they make even more satisfying those moments when characters from the comics leap to the screen. (Every time I re-read the comic I am thrilled when the Fates appear in corporeal form; they're some of Gaiman's most fascinatingly creepy, inscrutable and darkly funny creations — and their Netflix versions do not disappoint.)
The comic only got richer, bolder and more immersive as it went, issue after issue, until it reached its profoundly satisfying conclusion.
The Netflix series deserves the chance to do the same. Here's hoping it gets to.
Copyright 2022 NPR. To see more, visit https://www.npr.org.
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| 2022-08-05T11:10:20
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THE HAGUE, Netherlands (AP) — Representatives of Dutch farmers were meeting Friday with Prime Minister Mark Rutte and other Cabinet ministers to discuss the government's nitrogen emissions reduction goals that have sparked disruptive protests in recent weeks.
But the prospect of success appeared slim, with two main activist farmers' organizations demanding concessions and not attending because they have no trust in the veteran politician appointed to act as intermediary. They say the mediator, Johan Remkes, is not independent.
Rutte did not comment to reporters as he entered the meeting in the central city of Utrecht.
Farmers angry at the target of slashing nitrogen emissions 50% by 2030 have blockaded supermarket distribution centers, parked tractors on highways and dumped garbage including manure and asbestos on roads in recent weeks.
Rutte has criticized what he said are small groups of farmers who he says have endangered others with the nature of their protests. “Willfully endangering others, damaging our infrastructure and threatening people who help clean up is beyond all limits," he wrote on Twitter last week.
The government has been forced to act after courts in recent years began blocking permits for infrastructure and housing projects because the country was missing its emissions targets.
The government has earmarked an extra 24.3 billion euros ($25.6 billion) to finance agricultural reforms that will likely make many farmers drastically reduce their number of livestock or get rid of them altogether. Provincial authorities have been given a year to formulate plans to cut emissions.
Sjaak van der Tak, chairman of the main farmers' lobby group LTO, said the talks were vital. LTO represents some 30,000 farms in the Netherlands.
"It is of enormous importance that we, together with the other agricultural parties, really expect something from this Cabinet,” Van der Tak said on his way into the talks.
LTO says there are nearly 54,000 agricultural businesses in the Netherlands with exports totaling 94.5 billion euros in 2019.
The Dutch minister responsible for nitrogen, Christianne van der Wal, said she had no expectations heading into the talks.
“First, listen,” she said.
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| 2022-08-05T11:10:25
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The sight of a U.S. president announcing the death of a terrorist leader has been a fixture in American politics over the past 11 years.
The words each president uttered and their mannerisms at the podium reveal a lot about the type of leaders former Presidents Barack Obama and Donald Trump attempted to be and in the case of President Joe Biden, attempt to be.
This week, Biden announced that the U.S. had killed al-Qaida leader Ayman al-Zawahiri in Kabul over the weekend.
In 2019, Trump revealed that the U.S. killed ISIS leader Abu Bakr al-Baghdadi. And in 2011, Obama shared with the American people that Osama bin Laden, the architect of the 9/11 terrorist attacks on the U.S., was killed.
In the days following Biden's announcement, edited videos have popped up online comparing the speeches by Biden, Obama and Trump. Though some of the videos are created to put certain leaders in a bad light, analyzing these three speeches is worthwhile, according to historians and rhetoric experts that spoke to NPR.
Taking a deeper look at each speech, their delivery, even down to the words each used, provides a small window into each man, those experts said.
Though starkly different characters, there are similarities worth noting, said Thomas Schwartz, a professor of history, political science, and European studies at Vanderbilt University.
The fact that Obama, Trump and Biden took center stage to announce the execution of another person is "a little bloodthirsty," Schwartz said.
"But they do recognize that there's a domestic political gain from taking out terrorist leaders, and they want to claim it," he added.
Each president in their speech makes special note to say that they directed the military and intelligence officers to act on the intel provided, that they gave the orders, Schwartz said. Each man ultimately wants to assert his leadership on the global stage, he said.
"Underneath it all are presidents trying to justify themselves politically and gain something politically," Schwartz said. "So I think our comparison on that level is probably justified even if, on stylistic things, it also reminds people what they liked and didn't like about various presidents."
Obama's speech on bin Laden looms large
Each expert that spoke to NPR agreed: Obama's speech was iconic. Though Trump and Biden took out major terrorist leaders, the gravity of killing bin Laden is unmatched. To some degree, Trump and Biden attempted to even emulate Obama's bin Laden speech, Schwartz said.
"Bin Laden was, of course, someone who was a household name in a way that the other two men were not," said Margaret O'Mara, a history professor at the University of Washington. "So it was sort of an extraordinary historic moment, and something that in a way looms larger than the other two, because it was bin Laden."
O'Mara noted that Obama took time to acknowledge the emotion for victims of 9/11 nearly a decade after the attacks.
"Obama's speaking almost within a decade of 9/11 so it's much more raw," she said.
Obama, in a measured and somber tone, said in his nine-minute speech: "It was nearly 10 years ago that a bright September day was darkened by the worst attack on the American people in our history."
He went on to say: "And yet we know that the worst images are those that were unseen to the world. The empty seat at the dinner table. Children who were forced to grow up without their mother or their father. Parents who would never know the feeling of their child's embrace. Nearly 3,000 citizens taken from us, leaving a gaping hole in our hearts."
Obama also carefully described how the White House came to receive intelligence on bin Laden and a short description of the steps special forces took to kill him.
"There's no question that watching Obama, you got reminded of how deliberative and almost academic his style could be in discussing things," Schwartz noted.
Trump rejects traditional presidential rhetoric
Former President Trump took a far different approach in announcing the execution of Islamic State leader Abu Bakr al-Baghdadi in 2019.
Taking a moment to analyze Trump's speech in comparison to Obama and Biden provides "a window into a lot of things," O'Mara said.
"In kind of a very blunt way, it's a window into how Trump was such a very different president — and not just different from the two men who were on either side of him, but modern presidents generally," she said. "If you dial back and look at presidential oratory of presidents of both parties, it's very different in terms of not only the tone, but what type of information is being relayed."
Trump, known for lengthy rally speeches during his presidency, spoke for far longer than Obama or Biden in this announcement. His initial speech went on for over eight minutes, but he went on to take questions from reporters for another 40 minutes.
And with his usual flair, Trump spoke about the raid in dramatic detail using emotive language to describe both al-Baghdadi and the manner in which he died.
"No personnel were lost in the operation, while a large number of Baghdadi's fighters and companions were killed with him. He died after running into a dead-end tunnel, whimpering and crying and screaming all the way," Trump said.
He went on describing the operation, saying, "The thug who tried so hard to intimidate others spent his last moments in utter fear, in total panic and dread, terrified of the American forces bearing down on him."
This goes back to Trump's background not in politics, but as a businessman and reality TV star, these experts noted.
"One of the things that was very noteworthy about Trump's presidential rhetoric was that he claimed to not want to use it, he said that he didn't want to be presidential," said Jennifer Mercieca, a historian of American political rhetoric and professor at Texas A&M University. "He thought that presidential [style] was boring and lame and he thought that he won the office of the presidency by being dynamic and interesting. And so that's, I think, very clearly reflected."
In comparison, Biden and Obama delivered very somber speeches, she said.
Biden tries to project strength
Biden is known to struggle with blunders and flubs in speeches. He's even sometimes said the opposite of what he means, as noted by a New York Times piece during the 2020 presidential campaign.
For the announcement regarding the killing of al-Zawahiri, Biden (like the two presidents before him) wanted to communicate strength and power, Schwartz said.
Both Obama and Biden showed restraint in the language and description used to explain the killing of al-Zawahiri and bin Laden, Mercieca said.
Both men used the office of the president to sound official and to talk about justice owed to victims of 9/11.
Biden said of al-Zawahiri: "He carved a trail of murder and violence against American citizens, American service members, American diplomats, and American interests. And since the United States delivered justice to bin Laden 11 years ago, Zawahiri has been a leader of al Qaeda — the leader."
He added: "Now justice has been delivered, and this terrorist leader is no more."
Presidents do this to "sort of elevate what could be a very crass event, which is that the United States has exacted revenge and murdered someone else," Mercieca said.
"What Donald Trump did was the opposite. He didn't try to elevate it," she said. "Instead, he called the person a 'dog,' he very crudely described how they died, and what it meant."
Copyright 2022 NPR. To see more, visit https://www.npr.org.
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| 2022-08-05T11:10:26
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WASHINGTON (AP) — The U.S. economy has contracted for two straight quarters, intensifying fears that the nation is on the cusp of a recession — if not already in one — barely two years after the pandemic recession officially ended.
Six months of contraction is a long-held informal definition of a recession. Yet nothing is simple in the post-pandemic economy. Its direction has confounded Federal Reserve policymakers and many private economists since growth screeched to a halt in March 2020 as COVID-19 struck and 20 million Americans were suddenly thrown out of work.
One sector of the economy that has remained defiantly buoyant is the jobs market and on Friday, the Labor Department will release monthly employment data that most economists believe will show that hiring, too, has begun to cool.
That would be a sizeable shift in an era that may be remembered for having so many unfilled jobs that there were two available for every American who didn't have one.
Even as the economy shrank over the first half of this year, employers added 2.7 million jobs — more than in most entire years before the pandemic struck. And the unemployment rate has sunk to 3.6%, near a half-century low. Robust hiring and exceedingly low unemployment aren't consistent with a recession.
While most economists — and Fed Chair Jerome Powell — have said they don't think the economy is in recession, many increasingly expect an economic downturn to begin later this year or next.
Either way, with inflation raging at its highest level in four decades, Americans’ purchasing power is eroding. The pain is being felt disproportionately by lower-income and Black and Hispanic households, many of whom are struggling to pay for higher-cost essentials like food, gas and rent. Compounding those pressures, the Fed is jacking up interest rates at the fastest pace since the early 1980s, thereby magnifying borrowing costs for homes and cars and credit card purchases.
As a result, regardless of whether a recession has officially begun, Americans have increasingly soured on the economy,
So how, exactly, do we know when an economy is in recession? Here are some answers to such questions:
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WHO DECIDES WHEN A RECESSION HAS STARTED?
Recessions are officially declared by the obscure-sounding National Bureau of Economic Research, a group of economists whose Business Cycle Dating Committee defines a recession as “a significant decline in economic activity that is spread across the economy and lasts more than a few months.”
The committee considers trends in hiring as a key measure in determining recessions. It also assesses many other data points, including gauges of income, employment, inflation-adjusted spending, retail sales and factory output. It puts heavy weight on jobs and a gauge of inflation-adjusted income that excludes government support payments such as Social Security.
Yet the NBER typically doesn't declare a recession until well after one has begun, sometimes for up to a year. Economists consider a half-point rise in the unemployment rate, averaged over several months, as the most historically reliable sign of a downturn.
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DO TWO STRAIGHT QUARTERS OF ECONOMIC CONTRACTION EQUAL A RECESSION?
That's a common rule of thumb, but it isn't an official definition.
Still, in the past, it has been a useful measure. Michael Strain, an economist at the right-leaning American Enterprise Institute, notes that in each of the past 10 times that the economy shrank for two consecutive quarters, a recession has resulted.
Still, even Strain isn't sure we're in recession now. Like many economists, he notes that the underlying drivers of the economy — consumer spending, business investment, home purchases — all grew in the first quarter.
Overall gross domestic product — the broadest measure of the nation's output — declined at a 1.6% annual rate from January through March because of one-off factors, including a sharp jump in imports and a post-holiday season drop in businesses' inventories. Many economists expect that when GDP is revised later this year, the first quarter may even turn out to be positive.
“The basic story is that the economy is growing but still slowing, and that slowdown really accelerated in the second quarter," Strain said.
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DON’T A LOT OF PEOPLE THINK A RECESSION IS COMING?
Yes, because many people now feel more financially burdened. With wage gains trailing inflation for most people, higher prices for such essentials as gas, food, and rent have eroded Americans' spending power,
This week, Walmart reported that higher gas and food costs have forced its shoppers to reduce their purchases of discretionary spending such as new clothing, a clear sign that consumer spending, a key driver of the economy, is weakening. The nation's largest retailer, Walmart reduced its profit outlook and said it will have to discount more items like furniture and electronics.
And the Fed's rate hikes have caused average mortgage rates to double from a year ago, to 5.5%, causing a sharp fall in home sales and construction.
Higher rates will also likely weigh on businesses' willingness to invest in new buildings, machinery and other equipment. If companies reduce spending and investment, they'll also start to slow hiring. Rising caution among companies about spending freely could lead eventually to layoffs. If the economy were to lose jobs and the public were to grow more fearful, consumers would further reduce spending.
The Fed's rapid rate hikes have raised the likelihood of recession in the next two years to nearly 50%, Goldman Sachs economists have said. And Bank of America economists now forecast a “mild” recession later this year, while Deutsche Bank expects a recession early next year.
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WHAT ARE SOME SIGNS OF AN IMPENDING RECESSION?
The clearest signal that a recession is under way, economists say, would be a steady rise in job losses and a surge in unemployment. In the past, an increase in the unemployment rate of three-tenths of a percentage point, on average over the previous three months, has meant that a recession will soon follow.
Many economists monitor the number of people who seek unemployment benefits each week, which indicates whether layoffs are worsening. Weekly applications for jobless aid, averaged over the past four weeks, have risen for eight straight weeks to nearly 250,000, the highest level since last November. While that is a potentially concerning sign, it is still a low level historically.
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ANY OTHER SIGNALS TO WATCH FOR?
Many economists also monitor changes in the interest payments, or yields, on different bonds for a recession signal known as an “inverted yield curve.” This occurs when the yield on the 10-year Treasury falls below the yield on a short-term Treasury, such as the 3-month T-bill. That is unusual. Normally, longer-term bonds pay investors a richer yield in exchange for tying up their money for a longer period.
Inverted yield curves generally mean that investors foresee a recession that will compel the Fed to slash rates. Inverted curves often predate recessions. Still, it can take 18 to 24 months for a downturn to arrive after the yield curve inverts.
For the past two weeks, the yield on the two-year Treasury has exceeded the 10-year yield, suggesting that markets expect a recession soon. Many analysts say, though, that comparing the 3-month yield to the 10-year has a better recession-forecasting track record. Those rates are not inverted now.
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WILL THE FED KEEP RAISING RATES EVEN AS THE ECONOMY SLOWS?
The economy's flashing signals — slowing growth with strong hiring — have put the Fed in a tough spot. Chair Jerome Powell is aiming for a “soft landing,” in which the economy weakens enough to slow hiring and wage growth without causing a recession and brings inflation back to the Fed's 2% target.
But Powell has acknowledged that such an outcome has grown more difficult to achieve. Russia's invasion of Ukraine and China's COVID-19 lockdowns have driven up prices for energy food, and many manufactured parts in the U.S.
Powell has also indicated that if necessary, the Fed will keep raising rates even amid a weak economy if that's what's needed to tame inflation.
“Is there a risk that we would go too far?" Powell asked last month. "Certainly there’s a risk, but I wouldn’t agree that’s the biggest risk to the economy. The biggest mistake to make…would be to fail to restore price stability.”
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| 2022-08-05T11:10:31
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PHOENIX — Two days after polls closed in Arizona, The Associated Press called the Republican primary for governor for former local news anchor Kari Lake, an election-denying new convert to Republican causes.
Former President Donald Trump's preferred candidate bested a field of GOP hopefuls, but the only other real contender was developer Karrin Taylor Robson. By the end of the campaign, the head-to-head race between two candidates – neither of whom had been elected to office before – was defined by who supported them.
In Lake's corner was Trump and a wave of the former president's allies swept up in the false narrative that President Joe Biden stole the election.
Taylor Robson was backed by establishment Republicans, both locally and nationally – including current Arizona Gov. Doug Ducey and former Vice President Mike Pence.
She spent millions of dollars, much of it her own wealth, to brand herself as a more reasonable-sounding Republican, though Taylor Robson's policies don't often differ from Lake. Both have similar talking points when it comes to border security and so-called critical race theory. And Taylor Robson did little to dispel concerns about the 2020 election while she criticized Lake for casting doubt on the integrity of the 2022 vote.
But it wasn't enough to overcome Lake, who took an early lead in polls after Trump's endorsement in September 2021.
Less than two years ago, Lake was still reading the news on television. In March of 2021, she resigned amid a slew of controversial social media posts, including one spreading a debunked video about COVID-19. Months later, she announced her campaign for governor. Much of her campaign was dedicated to repeating the former president's election lies, both old and new – Lake even spent the past few weeks baselessly claiming fraud in Arizona's current vote.
Now she'll face Katie Hobbs, a Democrat who made a name for herself in 2020 for opposite reasons – defending the integrity of the 2020 election as the secretary of state, the top election official in Arizona.
Copyright 2022 KJZZ
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| 2022-08-05T11:10:32
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BAGHDAD (AP) — Hundreds of thousands of Iraqis heeded the call of an influential Shiite cleric to gather in a show of strength for a mass prayer in the heart of Baghdad's heavily fortified government zone on Friday. The gathering took place amid an escalating political crisis that has put the country's capital on edge.
The powerful cleric, Muqtada al-Sadr, had called on his followers from across Iraq to come to pray inside Baghdad's Green Zone — a heavily fortified area in the heart of the city that houses government buildings and foreign embassies. They arrived and stood outside in the scorching summer-time heat, with temperatures reaching 48 degrees Celsius (118 degrees Fahrenheit).
Friday’s mass prayer was the latest display of strength by the cleric, whose political power derives from his strong grassroots support base.
Al-Sadr has used his large grassroots following as a pressure tactic against his rivals, after his party was not able to form a government despite having won the largest number of seats in federal elections held last October. He exited the political process to form the next government in June.
His followers gathered facing the Victory Arch, a monument erected during Saddam Hussein’s regime to commemorate the Iran-Iraq war. It was built for the purpose of holding military parades.
Farid Jaafar, 16, arrived from Babylon province to show his support for al-Sadr. His transport was paid by al-Sadr's party he said. “I love Muqtada,” he said.
Holding the prayer within the highly restrictive zone that is closed off to most Iraqis points to the cleric's power and influence.
Last Saturday, thousands of his followers stormed parliament in a bid to derail attempts by al-Sadr's Shiite rivals to form a government. Around 125 people were injured in the violence, most of them protesters and 25 members of the security forces.
Al-Sadr's followers camped out inside the parliament until he ordered them, after four days to withdraw from the assembly building, but maintain a sit-in outside. He's calling for the dissolution of parliament and early elections.
His Shiite rivals in the Iran-backed Coordination Framework have said they would consider holding early elections in the event of a national consensus.
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| 2022-08-05T11:10:37
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NPR News A daughter keeps her dad's memory alive by restoring his old Ford Mustang Published August 5, 2022 at 3:12 AM MDT Facebook Twitter Email Listen • 2:55 In this week's StoryCorps, Ashley Cosme talks about her father Al Plumley, who had a passion for fixing up old cars. Plumley died in October of last year. Copyright 2022 NPR
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| 2022-08-05T11:10:39
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NEW DELHI (AP) — Indian police detained dozens of lawmakers from the opposition Congress party, including key leader Rahul Gandhi, as they attempted to march Friday to the president’s palace and prime minister’s residence to protest soaring food and fuel prices and an increase in the goods and services tax.
Police also detained hundreds of party supporters inside it headquarters in New Delhi and elsewhere to prevent them from joining the protesting lawmakers, many of whom wore black.
Several women protesters cooked food outside the party headquarters using wood for the fire, saying that cooking gas prices have risen beyond the means of poor and middle-class families.
In New Delhi, police began barricading the Congress party headquarters and homes of party leaders Sonia Gandhi and Rahul Gandhi on Wednesday after the party announced plans to organize countrywide protests against the government of Prime Minister Narendra Modi.
“What we are witnessing is the death of democracy in India,” Rahul Gandhi told reporters. ”Anybody who stands against this idea of the onset of dictatorship is viciously attacked, put in jail, arrested, and beaten. The idea is that people’s issues — whether they are price rises, unemployment, or violence in society — people’s issues must not be raised. That is the sole agenda of the government.”
Police prevented the party's efforts to hold similar marches in Mumbai, India’s financial capital, Gauhati, and some other cities, detaining party members and taking them away in buses and other vehicles.
There was no immediate police comment. The lawmakers and their supporters were expected to be released after brief detentions — a general practice by police in such protests.
"This is the worst form of vendetta politics. We will not submit! We will not be silenced! We will continue to raise our voice against injustices and failures of the Modi government,” the party said in a tweet.
Finance Minister Nirmala Sitharaman defended the government’s handling of the economy in Parliament earlier this week and said there was zero probability of India slipping into recession.
The opposition was infuriated by the government's decision last month to impose a tax on packed milk curd, cheese, buttermilk, packed rice, flour and wheat. The government earlier raised fuel prices.
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https://www.myjournalcourier.com/news/article/Indian-police-block-opposition-protests-over-17353753.php
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InfoWars host Alex Jones returns to court Friday for his defamation trial, where he is being sued for falsely saying the 2012 Sandy Hook Elementary school shooting was a hoax.
The jury will decide if Jones has to pay punitive damages to Neil Heslin and Scarlett Lewis, the parents of Sandy Hook first-grader Jesse Lewis, who was gunned down along with 25 other children and school staffers at Sandy Hook in Newtown, Conn.
Jones was ordered Thursday to pay $4.1 million in compensatory damages to the couple, who said they received death threats and were harassed due to Jones's false claims that the federal government orchestrated the shooting to crack down on guns. Heslin and Lewis are seeking $150 million in damages in their lawsuit.
Jones said in 2015 on his InfoWars radio show that "Sandy Hook is synthetic, completely fake with actors, in my view, manufactured."
"I am a mother, first and foremost, and I know that you're a father. And my son existed," Lewis said to Jones on Thursday. "You're still on your show implying that I'm an actress, that I'm deep state, and I don't understand. Truth is so vital to our world."
Jones conceded Wednesday that the shooting, the deadliest at an elementary school in U.S. history, was not a fabricated event.
The conspiracy theorist has been booted off Twitter, Facebook, YouTube and other mainstream platforms over hate speech and lies. But Infowars is still broadcast on many radio stations, and its website still attracts a millions of visitors each month.
In this next phase of Jones' trial, lawyers for the the parents are expected to say that Jones is hiding millions of dollars in assets.
Copyright 2022 NPR. To see more, visit https://www.npr.org.
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https://www.kunm.org/npr-news/npr-news/2022-08-05/a-jury-will-decide-if-alex-jones-has-to-pay-punitive-damages-to-sandy-hook-parents
| 2022-08-05T11:10:45
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WASHINGTON (AP) — Facebook owner Meta is quietly curtailing some of the safeguards designed to thwart voting misinformation or foreign interference in U.S. elections as the November midterm vote approaches.
It's a sharp departure from the social media giant's multibillion-dollar efforts to enhance the accuracy of posts about U.S. elections and regain trust from lawmakers and the public after their outrage over learning the company had exploited people’s data and allowed falsehoods to overrun its site during the 2016 campaign.
The pivot is raising alarm about Meta’s priorities and about how some might exploit the world’s most popular social media platforms to spread misleading claims, launch fake accounts and rile up partisan extremists.
“They're not talking about it," said former Facebook policy director Katie Harbath, now the CEO of the tech and policy firm Anchor Change. “Best case scenario: They're still doing a lot behind the scenes. Worst case scenario: They pull back, and we don't know how that's going to manifest itself for the midterms on the platforms."
Since last year, Meta has shut down an examination into how falsehoods are amplified in political ads on Facebook by indefinitely banishing the researchers from the site.
CrowdTangle, the online tool that the company offered to hundreds of newsrooms and researchers so they could identify trending posts and misinformation across Facebook or Instagram, is now inoperable on some days.
Public communication about the company's response to election misinformation has gone decidedly quiet. Between 2018 and 2020, the company released more than 30 statements that laid out specifics about how it would stifle U.S. election misinformation, prevent foreign adversaries from running ads or posts around the vote and subdue divisive hate speech.
Top executives hosted question and answer sessions with reporters about new policies. CEO Mark Zuckerberg wrote Facebook posts promising to take down false voting information and authored opinion articles calling for more regulations to tackle foreign interference in U.S. elections via social media.
But this year Meta has only released a one-page document outlining plans for the fall elections, even as potential threats to the vote remain clear. Several Republican candidates are pushing false claims about the U.S. election across social media. In addition, Russia and China continue to wage aggressive social media propaganda campaigns aimed at further political divides among American audiences.
Meta says that elections remain a priority and that policies developed in recent years around election misinformation or foreign interference are now hard-wired into company operations.
“With every election, we incorporate what we’ve learned into new processes and have established channels to share information with the government and our industry partners,” Meta spokesman Tom Reynolds said.
He declined to say how many employees would be on the project to protect U.S. elections full time this year.
During the 2018 election cycle, the company offered tours and photos and produced head counts for its election response war room. But The New York Times reported the number of Meta employees working on this year's election had been cut from 300 to 60, a figure Meta disputes.
Reynolds said Meta will pull hundreds of employees who work across 40 of the company's other teams to monitor the upcoming vote alongside the election team, with its unspecified number of workers.
The company is continuing many initiatives it developed to limit election misinformation, such as a fact-checking program started in 2016 that enlists the help of news outlets to investigate the veracity of popular falsehoods spreading on Facebook or Instagram. The Associated Press is part of Meta's fact-checking program.
This month, Meta also rolled out a new feature for political ads that allows the public to search for details about how advertisers target people based on their interests across Facebook and Instagram.
Yet, Meta has stifled other efforts to identify election misinformation on its sites.
It has stopped making improvements to CrowdTangle, a website it offered to newsrooms around the world that provides insights about trending social media posts. Journalists, fact-checkers and researchers used the website to analyze Facebook content, including tracing popular misinformation and who is responsible for it.
That tool is now “dying,” former CrowdTangle CEO Brandon Silverman, who left Meta last year, told the Senate Judiciary Committee this spring.
Silverman told the AP that CrowdTangle had been working on upgrades that would make it easier to search the text of internet memes, which can often be used to spread half-truths and escape the oversight of fact-checkers, for example.
“There’s no real shortage of ways you can organize this data to make it useful for a lot of different parts of the fact-checking community, newsrooms and broader civil society,” Silverman said.
Not everyone at Meta agreed with that transparent approach, Silverman said. The company has not rolled out any new updates or features to CrowdTangle in more than a year, and it has experienced hourslong outages in recent months.
Meta also shut down efforts to investigate how misinformation travels through political ads.
The company indefinitely revoked access to Facebook for a pair of New York University researchers who they said collected unauthorized data from the platform. The move came hours after NYU professor Laura Edelson said she shared plans with the company to investigate the spread of disinformation on the platform around the Jan. 6, 2021, attack on the U.S. Capitol, which is now the subject of a House investigation.
“What we found, when we looked closely, is that their systems were probably dangerous for a lot of their users,” Edelson said.
Privately, former and current Meta employees say exposing those dangers around the American elections have created public and political backlash for the company.
Republicans routinely accuse Facebook of unfairly censoring conservatives, some of whom have been kicked off for breaking the company’s rules. Democrats, meanwhile, regularly complain the tech company hasn’t gone far enough to curb disinformation.
“It’s something that’s so politically fraught, they’re more trying to shy away from it than jump in head first.” said Harbath, the former Facebook policy director. “They just see it as a big old pile of headaches.”
Meanwhile, the possibility of regulation in the U.S. no longer looms over the company, with lawmakers failing to reach any consensus over what oversight the multibillion-dollar company should be subjected to.
Free from that threat, Meta's leaders have devoted the company's time, money and resources to a new project in recent months.
Zuckerberg dived into this massive rebranding and reorganization of Facebook last October, when he changed the company’s name to Meta Platforms Inc. He plans to spend years and billions of dollars evolving his social media platforms into a nascent virtual reality construct called the “metaverse” — sort of like the internet brought to life, rendered in 3D.
His public Facebook page posts now focus on product announcements, hailing artificial intelligence, and photos of him enjoying life. News about election preparedness is announced in company blog posts not written by him.
In one of Zuckerberg's posts last October, after an ex-Facebook employee leaked internal documents showing how the platform magnifies hate and misinformation, he defended the company. He also reminded his followers that he had pushed Congress to modernize regulations around elections for the digital age.
“I know it’s frustrating to see the good work we do get mischaracterized, especially for those of you who are making important contributions across safety, integrity, research and product,” he wrote on Oct. 5. "But I believe that over the long term if we keep trying to do what’s right and delivering experiences that improve people’s lives, it will be better for our community and our business.”
It was the last time he discussed the Menlo Park, California-based company’s election work in a public Facebook post.
___
Associated Press technology writer Barbara Ortutay contributed to this report.
___
Follow AP's coverage of misinformation at https://apnews.com/hub/misinformation.
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| 2022-08-05T11:10:49
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Approaching a van that distributes safe supplies for drug use in Greenfield, Mass., a man named Kyle noticed an alert about xylazine.
"Xylazine?" he asked, sounding out the unfamiliar word. "Tell me more."
A street-outreach team from Tapestry Health delivered what's becoming a routine warning. Xylazine is an animal tranquilizer. It's not approved for humans, but it's showing up in about half of the drug samples that Tapestry tests in the rolling hills of western Massachusetts. It's appearing mostly in the illegal fentanyl supply but also in cocaine.
Kyle rocked backward on his heels at the mention of cocaine. He and his friends regularly use cocaine, but lately, they had suspected that something else was in the bag.
"The past week, we've all been just racking our brains, like 'What is going on?'" he said. "Because if we cook it up and we smoke it, we're falling asleep after."
(NPR and KHN are using first names in this story for people who use illegal drugs.)
Kyle's deep sleep might have been triggered by fentanyl too, but Kyle said one of his buddies used a test strip to check for the opioid and none was detected.
Xylazine surged first in some areas of Puerto Rico and then in Philadelphia, where it was found in 91% of opioid samples last year, the most recent reporting period. Data from January to mid-June shows that xylazine was in 28% of drug samples tested by the Massachusetts Drug Supply Data Stream (MADDS), a state-funded network of community drug-checking and advisory groups that uses mass spectrometers to let people know what's in bags or pills purchased on the street.
Some areas of the state, including western Massachusetts, are seeing xylazine in 50% to 75% of samples. In Greenfield, that's a big change from last year, when xylazine wasn't a concern.
"We've seen an exponential increase during the pandemic," said Traci Green, who oversees MADDS and directs the Opioid Policy Research Collaborative at Brandeis University. "Now the sad thing is we're really seeing it all over the state. It's definitely hazardous."
There's a lot of speculation about how and why xylazine is on the rise. It may be added to fentanyl or heroin to help extend the effects of an opioid high. Dealers also may be using this relatively inexpensive and easy-to-order sedative because of supply chain gaps with other drugs.
Whatever its path into the drug supply, the presence of xylazine is triggering warnings in Massachusetts and beyond for many reasons.
As xylazine rises, overdoses rise too
Perhaps the biggest concern is an association with more overdoses and deaths. In one study of 10 cities and states, xylazine was detected in fewer than 1% of overdose deaths in 2015, but in 6.7% in 2020, a year the U.S. set a new record for overdose deaths. That record was broken again in 2021 with more than 107,000 deaths.
The study does not claim xylazine is causing more fatalities, but study co-author Chelsea Shover said it may contribute. Xylazine, a sedative, slows breathing and heart rate, as well as decreases blood pressure, compounding some effects of an opioid like fentanyl or heroin.
"If you have an opioid and a sedative, those two things are going to have stronger effects together," said Shover, an epidemiologist at UCLA's School of Medicine.
In Greenfield, Tapestry Health is responding to more overdoses as more tests show the presence of xylazine.
"It correlates with the rise, and it correlates with Narcan not being effective to reverse xylazine," said Amy Davis, the assistant director for rural harm-reduction operations at Tapestry. Narcan is a brand name of naloxone, an opioid overdose reversal medication.
"It's scary to hear that there's something new going around that could be stronger maybe than what I've had," said May, a woman who stopped by Tapestry's van. May said she has a strong tolerance for fentanyl, but a few months ago, she started getting something that didn't feel like fentanyl, something that "knocked me out before I could even put my stuff away."
A shifting overdose response
Davis and her colleagues are ramping up the safety messages: Never use alone, always start with a small dose and always carry Narcan.
Davis is also changing the way they talk about drug overdoses. They begin by explaining that xylazine is not an opioid. Squirting naloxone into someone's nose won't reverse a deep xylazine sedation — the rescuer won't see the dramatic wake-up that is more common when giving Narcan after an opioid overdose.
With xylazine, the immediate goal is to make sure the person is getting oxygen into the brain. So Davis and others advise starting rescue breathing after giving the first dose of Narcan. It may help restart the lungs even if the person doesn't wake up.
"We don't want to be focused on consciousness — we want to be focused on breathing," Davis said.
Giving Narcan is still critical because xylazine is often mixed with fentanyl, and fentanyl is killing people.
"If you see anyone who you suspect has an overdose, please give Narcan," said Bill Soares, an emergency room physician and the director of harm reduction services at Baystate Medical Center in Springfield, Massachusetts.
Soares said calling 911 is also critical, especially with xylazine, "because if the person does not wake up as expected, they're going to need more advanced care."
"Profound sedation" worries health providers
Some people who use drugs say xylazine knocks them out for six to eight hours, raising concerns about the potential for serious injury during this "profound sedation," said Dr. Laura Kehoe, medical director at Massachusetts General Hospital's Substance Use Disorders Bridge Clinic.
Kehoe and other clinicians worry about patients sedated by xylazine who are lying in the sun or snow, perhaps in an isolated area. They could be vulnerable to compression injuries from lying in one position, or they could be attacked.
"We're seeing people who've been sexually assaulted," Kehoe said. "They'll wake up and find that their pants are down or their clothes are missing, and they are completely unaware of what happened."
Kehoe argues that the surge of xylazine heightens the need for supervised consumption clinics, where people can use drugs under the watch of trained staff. Legislation that would have allowed a pilot program in Massachusetts died in committee at the State House this year.
Newton Police Chief John Carmichael, who chairs the Massachusetts Chiefs of Police Association's substance abuse committee, is opposed to supervised consumption. Carmichael says that in his experience, people who buy illegal drugs use them immediately and won't take the time to travel to one of these sites.
"I just don't see how these sites would be really effective," Carmichael said, adding that he'd prefer to focus solely on getting people into treatment. "I think we have an obligation to do that more so."
A study conducted in Vancouver, Canada, showed an increase in treatment as the city added overdose prevention sites.
A recent study out of France found that people who use supervised consumption clinics have fewer boils and abscesses related to injections. Clinicians say that's especially compelling now, with xylazine.
In Greenfield, nurse Katy Robbins pulled up a photo from a patient seen in April as xylazine contamination soared.
"We did sort of go, 'Whoa, what is that?'" Robbins remembered, studying her phone.
The image shows a wound like deep road rash, with an exposed tendon and a spreading infection. Robbins and Tapestry Health have created networks so clients can get same-day appointments with a local doctor or hospital to treat this type of injury. But it is hard to get people to go get their wounds seen.
"There's so much stigma and shame around injection drug use," said Robbins. "Often people wait until they have a life-threatening infection."
That may be one reason that amputations are increasing for people who use drugs in Philadelphia.
"We're certainly seeing a lot more wounds, and we're seeing some severe wounds," said Dr. Joe D'Orazio, the director of medical toxicology and addiction medicine at Temple University Hospital in Philadelphia.
D'Orazio and his colleagues are still trying to figure out why wounds are worse with xylazine use. It could be that they don't heal as quickly because xylazine reduces blood flow. Some patients also report more skin picking with xylazine.
"Almost everybody is linking this to xylazine," D'Orazio said.
This story is from a reporting partnership that includes WBUR, NPR and KHN (Kaiser Health News).
Copyright 2022 WBUR
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| 2022-08-05T11:10:51
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Elon Musk accused Twitter of fraud in a countersuit over his aborted $44 billion deal for the social media company, which he said held back necessary information and misled his team about its true user base, according to media reports.
According to The Washington Post, the countersuit filed by the billionaire and Tesla CEO filed Thursday alleges that Twitter committed fraud, breach of contract and violation of the Texas Securities Act.
Musk's counterclaims were filed confidentially last week and unsealed in a filing late Thursday at the Delaware Chancery Court, the Wall Street Journal reported.
Musk had offered to buy the company earlier this year, then tried to back out of the deal by claiming the social platform was infested with much larger numbers of “spam bots” and fake accounts than Twitter had disclosed.
Twitter sued to force him to complete the acquisition. Musk responded by filing his countersuit.
Musk's attorneys argued that Twitter’s own disclosures revealed that it has 65 million fewer “monetizable daily active users,” who can be shown digital ads, than the 238 million that Twitter claims, the Post and the Journal reported.
The filing also said most of Twitter's ads are shown only to a sliver of the company's user base, the Post said.
In an unexpected twist, Twitter filed its response denying Musk's accusations before Musk’s own counterclaims surfaced.
Twitter called Musk’s reasoning “a story, imagined in an effort to escape a merger agreement that Musk no longer found attractive.”
The case is scheduled to go to trial on October 17.
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GARDINER, Mont. — Tourism at Yellowstone National Park is down about 40% this summer after devastating floods wiped out roads in and around the park in June. Towns at two of the park's five entrances were completely cut off from it.
The raging flood waters took out big sections of paved roads in and near the park, and now the North Entrance from the neighboring town of Gardiner, Mont., is closed. It's expected to stay that way for at least a couple of years.
"Without park access, the Gardiner economy was falling apart," said Emil McCain, who owns a wildlife guiding company.
"Without the entrance into the national park, there wasn't a whole lot of draw for folks to come stay at our lodges or eat in our restaurants or even participate in other activities like river rafting or horseback riding," he explained.
About 900 people live in Gardiner, but each summer the town straddling the Yellowstone River is crowded with thousands of visitors staying in hotels and patronizing businesses that rely almost exclusively on park visitors.
In July, the park opened a lifeline: Improving an old dirt road from Gardiner into Yellowstone that is typically only used by bicyclists, hikers and one-way vehicle traffic.
It took tons of heavy equipment work to make it more drivable, but now the Park Service is allowing a limited number of guide service vehicles to use the road to bring tourists into the park. It's still closed to private vehicles.
Wildlife guide Matt DeMassino says the Old Gardiner Road dates to the stagecoach era.
"This is the exact road that Teddy Roosevelt would have taken when he visited the park in 1903," said DeMassino. "And before that, Chester A. Arthur, first president to come visit the park, came in on this way, so I'm going to start calling it the Presidential Route."
A great experience for a few tourists
The road winds steeply through sagebrush hills toward the massive, steaming mineral deposits at Mammoth Hot Springs.
On a recent trip over the road, and after getting onto a still intact section of paved road, a guide driving a van full of tourists pulled over in a vast green landscape to view wildlife. After all of the rains the park got before the floods, the foliage is much greener than it normally would be in late July.
A moose nestled among some willows near a creek, and Harry Buis from the Netherlands looked through binoculars at a black bear. He and son Jean Leon were seeing Yellowstone for the first time.
"I loved the animals we saw and was really surprised that we saw the wolves. I didn't expect it," Jean Leon said.
In a normal summer, this northern loop of the park roads are often jammed with cars, which cluster up along narrow pull-outs when someone spots wildlife.
Lynn Harvey, visiting from Texas, had been planning to drive her rental car into the park. She didn't learn that the North Entrance from Gardiner was closed until she arrived in Montana. She signed on for the tour instead and wasn't disappointed.
"And with the whitewater rafting and the trips into the park, I don't think you miss out on anything," she said. "We don't feel like we missed out on anything besides the driving, and I'm glad."
On a recent weekend day, 30 tours like this went into the park through the entrance at Gardiner. That's compared to about 1,700 cars on a typical summer day.
Park is working to help neighboring towns
Yellowstone National Park Superintendent Cam Sholly says the goal is to open up as much of the park as possible for the benefit of tourists and the businesses that depend on their spending, which is more than $230 million a year on this end of the park alone.
"Whatever we can do to as quickly as possible regain some level of access for those communities is critical for us," Sholly said.
He says it will likely be years before there's a permanent fix to the park's entrance road at Gardiner. For now, the park is trying to strike a balance between allowing guides to use the Old Gardiner Road and making sure construction crews can pave it for tourists to start using it in the interim this fall.
"We all know it's not going to be normal," Sholly said. "We also know that it can't be just wide open on the Old Gardiner Road because if we don't give those contractors time to work and they don't finish the road before winter then that opens up a whole other host of problems that we'll have to deal with."
Tourist-dependent businesses in Gardiner are grateful that the park has restored at least some access, but Terese Petcoff with the chamber of commerce says the 30 or so tours going into the park each day won't keep all of the town's businesses afloat.
"Say you're a farmer, it's like your entire fields collapsing into a sinkhole," she said. "That's how I'd put it in comparison for people who aren't from around here or who haven't experienced a tourism economy."
Four hotels and three restaurants in Gardiner have already closed.
The Absaroka Lodge, built right above the banks of the Yellowstone River, with an occupancy of 41, is still open.
Kiana Linares works at the front desk and says the lower level in one of their buildings is vacant.
Linares says very few people are making reservations ahead of time now.
"I don't think we've actually had any people check in that had already booked tours," she said. "I think they are booking them as they get here once they realize they can't get in unless they book a tour or drive to West Yellowstone."
The West Entrance is about a three-hour drive from Gardiner.
Businesses here hope the planned improvements to the Old Gardiner Road will be successfully completed in October as planned. Every winter all four of the park's other entrances close, so road access from Gardiner, which is usually open year-round, could help the town have a good winter tourist season.
Copyright 2022 Yellowstone Public Radio. To see more, visit Yellowstone Public Radio.
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BANGKOK (AP) — Economies in the Asia-Pacific are forecast to hit the doldrums this year as decades-high inflation and the war in Ukraine compound geopolitical uncertainties and the aftereffects of the pandemic.
A report on Pacific Rim economies by the Asia Pacific Economic Cooperation forum said Friday that growth in the region will likely fall by more than half this year to 2.5% from 5.9% last year, when many countries were recovering from the worst of their COVID-19 outbreaks.
Weaker growth in the U.S. and China is a big factor behind the regional malaise, though other economies are also slowing. Russia's economy is expected to contract due to the implications of its war in Ukraine, and the three economies account for nearly 70% of the APEC region's GDP, the report said.
The report forecast that regional growth would only pick up slightly in 2023, to 2.6%.
Most economies in the region are just beginning to fully emerge from border closures and other pandemic-related precautions. Tourists have reappeared on the streets of Bangkok, but many businesses remain shuttered, casualties of the many months when travel was virtually paralyzed.
In China, where authorities are still imposing lockdowns to wipe out COVID-19 outbreaks, the economy contracted 2.6% in the three months ending in June compared with the previous quarter after Shanghai and other cities were shut down to fight coronavirus outbreaks.
The U.S. economy contracted by 0.9% in April-June, while Russia's economy shrank 0.5% in January-June compared with a year before, according to its Ministry of Economic Development.
Japan's economy shrank at a 0.5% annual rate i n January-March and is forecast to expand only 2% in the fiscal year ending in March 2023.
Some economies are doing better.
Indonesia reported Friday that its economy grew at a better-than-expected 5.4% annual rate in the April-June quarter as it bounced back from a wave of omicron variant coronavirus infections.
An exporter of raw materials such as coal and palm oil, the country saw its exports jump nearly 20% in the last quarter as prices for many materials soared. But that windfall is likely to dissipate as price increases ease or reverse, analysts said.
“We expect slowing growth in the rest of the world to take its toll ... as commodity prices continue to recede. On the domestic front, headwinds from high inflation, which reached a seven-year high and is set to rise further in the coming months, are growing," Alex Holmes of Oxford Economics said in a commentary.
India is also growing faster than much of the rest of the region.
Reserve Bank of India Governor Shaktikanta Das projected that growth would remain robust, at 7.2% in the financial year ending in March 2023. But to counter inflation that hit 6.7% in June, the central bank raised its key interest rate on Friday by a half percentage point to 5.4%.
More than half of the 21 APEC members have raised rates or otherwise tightened monetary policy to counter inflation, which now averages 5.4% for the region, the APEC report said.
It pointed to a 23% overall increase in the food price index of the U.N. Food and Agricultural Organization, noting that inflation is likely to remain elevated for at least the rest of the year as central banks adjust their policies to try to bring it under control.
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As Beijing conducts military drills around Taiwan in the wake of a controversial visit to the island by House Speaker Nancy Pelosi, it brings to bear much more potent naval, air force and missile capabilities than those it fielded a quarter-century ago during the last major crisis over the self-governed island.
The military exercises, which began hours after Pelosi departed on Wednesday and are expected to continue into the weekend, serve as a stark reminder of just how far China's military has come since 1995-1996, when Beijing fired salvos of missile near Taiwan and conducted naval exercises, including amphibious operations of the kind that would be necessary for a full-scale invasion of the island.
At the time, China's military "was more from the 70s, early 80s" in terms of capability and modernization, says Anthony Cordesman, a national security analyst with the Center for Strategic and International Studies. It was "ineffective as a fighting force," he says.
No longer, experts say. China's navy has gone from essentially a coastal patrol force to a fleet that includes aircraft carriers and submarines and is capable of operations far from the mainland. Its warplanes, while not quite as capable as the latest U.S. models, are not far behind them.
China's current generation of warplanes are still based on Soviet designs, primarily the Su-27 and its successor, the Su-35, from the 1970s and 1980s, says Robert Haddick, a visiting senior fellow at the Mitchell Institute for Aerospace Studies and author of Fire on the Water: China, America, and the Future of the Pacific. "But they've been upgraded, upgraded, upgraded over all this period of time," he says.
"The Su-35 is roughly equivalent to the U.S. Air Force's F-15E Strike Eagle aircraft" and can carry a variety of anti-ship and land attack weapons in addition to air-to-air capability, Haddick says.
The planes have better avionics, radar and weapons than their Soviet-era counterparts, says Lonnie Henley, a retired intelligence officer and lecturer at George Washington University's Elliot School of International Affairs.
He says a small number of more sophisticated planes that China claims have stealth capability, and are also reportedly ready to fly. "They look like a stealth fighter," he says, but acknowledges that it's hard to say at this point whether they come close to matching the reduced radar signature of planes such as NATO's F-35.
China's gains make it a growing threat to U.S. operations in the Pacific
Meanwhile, China's anti-ship cruise missiles "are more capable than those of the United States [and] more numerous," according to Haddick.
"Now they pose a grave threat to U.S. naval operations west of Guam," where a major U.S. naval base is located, he says.
In the event of a shooting war, U.S. surface ships, including its aircraft carriers, could find themselves in the cross hairs, he says. The same is true for China's aircraft carriers, two of which are currently considered "combat ready" with a third still being fitted out.
"They are smaller carriers" compared to the U.S. behemoths, Haddick says. But unlike the U.S., China is not trying to project naval power globally. At least not yet, he says. The aircraft carriers "are not designed to reach out to the United States," according to Haddick, but "if you combine them with the deployments [China has] made on islands in the Pacific, they certainly represent a capability that is a threat."
Beijing's Type 055 destroyer, "the largest surface combatant currently being built in the world," is being compared with its U.S. and British counterparts.
Michael O'Hanlon, a senior fellow at the Brookings Institution, says China's sub-surface capabilities are also a concern for U.S. war planners. "Their diesel submarine fleet has come a long ways," he says, acknowledging that it's "not as good in the open ocean as our capability because it's not primarily a nuclear-powered fleet."
"But for the noisy waters of the western Pacific not too far from home territory," O'Hanlon says, the subs "would definitely be one of their big aces in the hole."
China is near even with the U.S. when it comes to cyber and space
China's space and cyber capabilities could also prove formidable in the event of war, O'Hanlon says. "Their ability to interfere with our space operations, their ability to target using their own space capabilities and certainly their cyber war capabilities are all, I would say, only a half level below ours and capable of causing some pretty serious problem."
Still, China hasn't been involved in a shooting war since 1979, when it clashed with Vietnam. It's troops aren't battle tested.
"One never knows until action actually occurs whether the training program was so adequate or not," Haddick says. "And so it remains a mystery even to the Chinese themselves, I'm sure."
Copyright 2022 NPR. To see more, visit https://www.npr.org.
|
https://www.kunm.org/npr-news/npr-news/2022-08-05/chinas-military-drills-around-taiwan-show-how-it-is-closing-the-gap-with-the-u-s
| 2022-08-05T11:11:03
|
en
| 0.975552
|
PLYMOUTH, Mich., Aug. 5, 2022 /PRNewswire/ -- Adient (NYSE: ADNT), a global leader in automotive seating, today announced its third quarter 2022 financial results.
- Q3 GAAP net loss and EPS diluted of $(30)M and $(0.32), respectively; Q3 Adj.-EPS diluted of $0.08
- Q3 Adj.-EBITDA of $143M, up $25M y-o-y (up $18M when adjusting for portfolio actions executed in FY21)
- Strong cash and cash equivalents of $892M at June 30, 2022; total liquidity of ~$1.7B at June 30, 2022
- Gross debt and net debt totaled ~$2.7B and ~$1.8B, respectively, at June 30, 2022
For complete details and to see reconciliations of non-GAAP measures to their most directly comparable GAAP measures, visit the events section of the Adient investor website at www.investors.adient.com/events-and-presentations/events to download the full press release and earnings presentation.
Adient's president and chief executive officer, Douglas Del Grosso, and executive vice president and chief financial officer, Jeff Stafeil, will host a conference call today at 8:30 a.m. Eastern to discuss the results. To participate by telephone, please dial 888-455-2945 (U.S.) or 773-799-3947 (international) 15 minutes prior to the start time of the call and ask to be connected to the Adient conference call. The conference passcode is ADIENT.
Adient (NYSE: ADNT) is a global leader in automotive seating. With approximately 75,000 employees in 33 countries, Adient operates 208 manufacturing/assembly plants worldwide. We produce and deliver automotive seating for all major OEMs. From complete seating systems to individual components, our expertise spans every step of the automotive seat-making process. Our integrated, in-house skills allow us to take our products from research and design to engineering and manufacturing — and into more than 20 million vehicles every year. For more information on Adient, please visit www.adient.com.
Adient has made statements in this document that are forward-looking and, therefore, are subject to risks and uncertainties. All statements in this document other than statements of historical fact are statements that are, or could be, deemed "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. In this document, statements regarding Adient's expectations for its deleveraging activities, the timing, benefits and outcomes of those activities, as well as its future financial position, sales, costs, earnings, cash flows, other measures of results of operations, capital expenditures or debt levels and plans, objectives, market position, outlook, targets, guidance or goals are forward-looking statements. Words such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "should," "forecast," "project" or "plan" or terms of similar meaning are also generally intended to identify forward- looking statements. Adient cautions that these statements are subject to numerous important risks, uncertainties, assumptions and other factors, some of which are beyond Adient's control, that could cause Adient's actual results to differ materially from those expressed or implied by such forward-looking statements, including, among others, risks related to: the Ukraine conflict and widespread COVID lockdowns in China and their impact on regional, global economies and additional pressure on supply chains and vehicle production, the effects of local and national economic, credit and capital market conditions on the economy in general, and other risks and uncertainties, the continued financial and operational impacts of and uncertainties relating to the COVID-19 pandemic on Adient and its customers, suppliers, joint venture partners and other parties, work stoppages, including due to supply chain disruptions and similar events, energy and commodity (particularly steel) prices, the availability of raw materials and component products (including components required by our customers for the manufacture of vehicles (i.e., semiconductors)), whether deleveraging activities may yield additional value for shareholders at all or on the same or different terms as those described herein, the ability of Adient to execute its turnaround plan, automotive vehicle production levels, mix and schedules, as well as our concentration of exposure to certain automotive manufacturers, the ability of Adient to effectively launch new business at forecast and profitable levels, the ability of Adient to meet debt service requirements, the terms of future financing, the impact of tax reform legislation, uncertainties in U.S. administrative policy regarding trade agreements, tariffs and other international trade relations, general economic and business conditions, the strength of the U.S. or other economies, shifts in market shares among vehicles, vehicle segments or away from vehicles on which Adient has significant content, changes in consumer demand, global climate change and related emphasis on ESG matters by various stakeholders, currency exchange rates and cancellation of or changes to commercial arrangements, and the ability of Adient to identify, recruit and retain key leadership. A detailed discussion of risks related to Adient's business is included in the section entitled "Risk Factors" in Adient's Annual Report on Form 10-K for the fiscal year ended September 30, 2021 filed with the U.S. Securities and Exchange Commission (the "SEC") on November 23, 2021, Quarterly Report on Form 10-Q for the Quarterly Period ended December 31, 2021, filed with the SEC on February 4, 2022, Quarterly Report on Form 10-Q for the Quarterly Period ended March 31, 2022, filed with the SEC on May 5, 2022 and in subsequent reports filed with or furnished to the SEC, available at www.sec.gov. Potential investors and others should consider these factors in evaluating the forward- looking statements and should not place undue reliance on such statements. The forward-looking statements included in this document are made only as of the date of this document, unless otherwise specified, and, except as required by law, Adient assumes no obligation, and disclaims any obligation, to update such statements to reflect events or circumstances occurring after the date of this document.
In addition, this document includes certain projections provided by Adient with respect to the anticipated future performance of Adient's businesses. Such projections reflect various assumptions of Adient's management concerning the future performance of Adient's businesses, which may or may not prove to be correct. The actual results may vary from the anticipated results and such variations may be material. Adient does not undertake any obligation to update the projections to reflect events or circumstances or changes in expectations after the date of this document or to reflect the occurrence of subsequent events. No representations or warranties are made as to the accuracy or reasonableness of such assumptions, or the projections based thereon.
This document also contains non-GAAP financial information because Adient's management believes it may assist investors in evaluating Adient's on-going operations. Adient believes these non-GAAP disclosures provide important supplemental information to management and investors regarding financial and business trends relating to Adient's financial condition and results of operations. Investors should not consider these non-GAAP measures as alternatives to the related GAAP measures. A reconciliation of non-GAAP measures to their closest GAAP equivalent are included in the appendix. Reconciliations of non- GAAP measures related to FY2022 guidance have not been provided due to the unreasonable efforts it would take to provide such reconciliations.
ADNT-FN
SOURCE Adient
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https://www.prnewswire.com/news-releases/adient-reports-third-quarter-2022-financial-results-301600587.html
| 2022-08-05T11:11:04
|
en
| 0.943156
|
This is a carousel. Use Next and Previous buttons to navigate
LONDON (AP) — A British court has rejected a request from the parents of a comatose boy to allow them to move their son to a hospice when hospital doctors withdraw his life-support treatment.
Barring any further legal action, the decision would open the door for doctors at the Royal London Hospital to end life-sustaining treatments for 12-year-old Archie Battersbee. He has been in a coma since early April and doctors believe he is brain dead.
“I return to where I started, recognizing the enormity of what lays ahead for Archie’s parents and the family. Their unconditional love and dedication to Archie is a golden thread that runs through this case,'' High Court Judge Lucy Thies wrote. “I hope now Archie can be afforded the opportunity for him to die in peaceful circumstances, with the family who meant so much to him as he clearly does to them.''
Archie’s care has been the subject of weeks of legal battles as his parents sought to force the hospital to continue life-sustaining treatments and doctors argued there was no chance of recovery and he should be allowed to die.
The family asked for permission to move Archie to a hospice after British courts ruled it was in his best interests to end treatment, and the European Court of Human Rights refused to intervene. The hospital said Archie’s condition was so unstable that moving him would hasten his death.
The dispute is the latest U.K. case pitting the judgment of doctors against the wishes of families. Under British law, it is common for courts to intervene when parents and doctors disagree on the treatment of a child. In such cases, the best interests of the child take primacy over the parents’ right to decide what they believe is best for their offspring.
|
https://www.myjournalcourier.com/news/article/UK-court-bars-parents-from-moving-comatose-boy-to-17353805.php
| 2022-08-05T11:11:08
|
en
| 0.978272
|
It was 10 years ago that a white supremacist opened fire at a Sikh temple in Oak Creek. Seven people died. A decade later, hate crimes against Sikhs and other South Asians are on the rise.
Copyright 2022 NPR
It was 10 years ago that a white supremacist opened fire at a Sikh temple in Oak Creek. Seven people died. A decade later, hate crimes against Sikhs and other South Asians are on the rise.
Copyright 2022 NPR
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https://www.kunm.org/npr-news/npr-news/2022-08-05/community-members-remember-the-massacre-at-a-sikh-temple-in-wisconsin
| 2022-08-05T11:11:09
|
en
| 0.975844
|
Balto Selected for Fast Company's Fourth Annual List of the Best Workplaces for Innovators in the United States
Joining Microsoft, T-Mobile, Adobe, PayPal, and many others
ST. LOUIS, Aug. 5, 2022 /PRNewswire/ -- Balto, the leader in uniting contact center agents with AI for better conversations, today announced its inclusion in the Fast Company fourth annual Best Workplaces for Innovators list, honoring organizations and businesses that demonstrate a steadfast commitment to encouraging innovation at all levels. Balto was selected for creating an infrastructure for innovation that leads to breakthroughs.
Developed in collaboration with Accenture, the 2022 Best Workplaces for Innovators ranks winners from a variety of industries, including computer science, biotech, consumer packaged goods, nonprofit, education, financial services, cybersecurity, engineering, diversity, sustainability, B2B, and consumer products and services. Fast Company editors and Accenture researchers worked together to score nearly 1,500 applications, and a panel of eight eminent judges reviewed and endorsed the top companies. The 2022 awards feature workplaces from around the world.
"Frankly, without incredible people, nothing else matters," said COO and co-founder Chris Kontes. "Our job is to attract fantastic people, provide them with resources and trust, and let them be themselves. A self-sustaining innovation culture naturally follows."
Balto operates with an innovate-first philosophy, with several recent notable examples, among others:
- In 2021, Balto's engineering team created the "Hack-Pack," a program open to any employee interested in expanding their coding and software-developing skills.
- In early 2022, Balto's standalone academic research entity that provides market analysis for industry decision-makers, The Conversation Excellence Lab, was formed by a coalition of passionate Baltonians.
- In July 2022, Balto's engineering and product teams collaborated to expand Balto's core product for the Spanish-speaking market — a first in the real-time guidance market.
"This year's list of the Best Workplaces for Innovators recognizes organizations that have demonstrated a deep commitment to cultivating creativity across the board," says Brendan Vaughan, editor-in-chief of Fast Company. "In the face of powerful headwinds, these leaders and teams continue to spur innovation."
To see the complete list, go to: https://www.fastcompany.com/best-workplaces-for-innovators/list
Fast Company's Best Workplaces for Innovators issue (September 2022) is available online now, and the print issue will be on newsstands beginning August 16, 2022. Join the Best Workplaces for Innovators conversation using #FCBestWorkplaces.
Balto unites agents with AI to enable better conversations that deliver results. Top-performing contact centers trust Balto's real-time guidance enterprise solution to prevent missed sales opportunities, costly compliance mistakes, and negative customer experiences. Today, Balto has guided over 140 million calls, provided over 185 million real-time recommendations, and driven millions in increased revenue. Balto.ai
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services and Accenture Song — all powered by the world's largest network of Advanced Technology and Intelligent Operations centers. Our 710,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at accenture.com.
SOURCE Balto
|
https://www.prnewswire.com/news-releases/balto-selected-for-fast-companys-fourth-annual-list-of-the-best-workplaces-for-innovators-in-the-united-states-301600616.html
| 2022-08-05T11:11:10
|
en
| 0.936808
|
CA Los Angeles/Oxnard CA Zone Forecast for Thursday, August 4, 2022
_____
772 FPUS56 KLOX 051002
ZFPLOX
Zone Forecasts for Southwestern California
National Weather Service Los Angeles/Oxnard CA
302 AM PDT Fri Aug 5 2022
CAZ364-060100-
Los Angeles County Beaches-
Including LAX, Long Beach, Palos Verdes, Redondo Beach,
Santa Monica, and Torrance
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy in the morning then partly cloudy. Highs
from the mid to upper 70s at the beaches to the lower to mid 80s
inland. West winds around 15 mph in the afternoon.
.TONIGHT...Mostly clear. Lows in the lower to mid 60s.
.SATURDAY...Sunny. Highs from the mid 70s at the beaches to the
mid 80s inland. West winds around 15 mph in the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows in the mid 60s.
.SUNDAY...Sunny. Highs from the mid 70s at the beaches to the mid
80s inland. Southwest winds around 15 mph in the afternoon.
.SUNDAY NIGHT...Mostly clear. Lows in the mid 60s.
.MONDAY...Sunny in the morning, becoming partly cloudy with a
20 percent chance of showers and thunderstorms in the afternoon.
Highs from the mid to upper 70s at the beaches to the lower to
mid 80s inland.
.MONDAY NIGHT...Partly cloudy except for patchy low clouds and
fog after midnight. Lows in the mid 60s.
.TUESDAY...Areas of low clouds and fog in the morning then partly
cloudy. Highs from the lower to mid 70s at the beaches to the
lower to mid 80s inland.
.TUESDAY NIGHT AND WEDNESDAY...Mostly clear. Lows in the mid 60s.
Highs from the lower to mid 70s at the beaches to the lower to
mid 80s inland.
.WEDNESDAY NIGHT AND THURSDAY...Night through morning low clouds
and fog, otherwise mostly clear. Lows in the mid to upper 60s.
Highs from the mid to upper 70s at the beaches to the mid 80s
inland.
$$
CAZ365-060100-
Los Angeles County Inland Coast including Downtown Los Angeles-
Including Beverly Hills, Compton, Culver City, Downey, Hollywood,
Lakewood, and Norwalk
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy in the morning then partly cloudy. Highs
in the upper 70s and 80s. Southwest winds around 15 mph in the
afternoon.
.TONIGHT...Mostly clear. Lows in the mid 60s.
.SATURDAY...Sunny. Highs in the 80s to lower 90s. Southwest winds
around 15 mph in the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows in the mid to upper 60s.
.SUNDAY...Sunny. Highs in the 80s to lower 90s. Southwest winds
around 15 mph in the afternoon.
.SUNDAY NIGHT...Mostly clear. Lows in the mid to upper 60s.
.MONDAY...Sunny in the morning, becoming partly cloudy with a
20 percent chance of showers and thunderstorms in the afternoon.
Highs in the 80s to around 90.
.MONDAY NIGHT...Partly cloudy. Lows in the mid to upper 60s.
.TUESDAY...Partly cloudy. A 20 percent chance of showers and
thunderstorms in the afternoon. Highs in the upper 70s and 80s.
.TUESDAY NIGHT AND WEDNESDAY...Mostly clear. Lows in the mid 60s
to around 70. Highs in the upper 70s and 80s.
.WEDNESDAY NIGHT AND THURSDAY...Mostly clear. Lows in the mid 60s
to around 70. Highs in the upper 70s and 80s.
$$
CAZ087-060100-
Catalina and Santa Barbara Islands-
Including Avalon and Two Harbors
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy in the morning then partly cloudy. Highs
from the mid to upper 70s near the coast to the lower to mid 80s
interior.
.TONIGHT...Mostly clear. Lows in the upper 50s to mid 60s. Areas
of west winds 15 to 25 mph in the evening.
.SATURDAY...Sunny. Highs from the lower to mid 70s near the coast
to the lower to mid 80s interior.
.SATURDAY NIGHT...Mostly clear. Lows in the lower to mid 60s.
Areas of west winds 15 to 25 mph in the evening.
.SUNDAY...Sunny. Highs from the lower 70s near the coast to the
lower 80s interior.
.SUNDAY NIGHT...Mostly clear early then low clouds and fog. Lows
in the mid 60s.
.MONDAY AND MONDAY NIGHT...Night through morning low clouds and
fog, otherwise mostly clear. Highs from the lower 70s near the
coast to the lower 80s interior. Lows in the mid 60s.
.TUESDAY...Low clouds and fog in the morning then partly cloudy.
Highs in the mid 70s to lower 80s.
.TUESDAY NIGHT...Mostly clear except for patchy low clouds and
fog after midnight. Lows in the mid 60s.
.WEDNESDAY...Sunny except for patchy low clouds and fog. Highs
from the lower 70s near the coast to the lower 80s interior.
.WEDNESDAY NIGHT AND THURSDAY...Night through morning low clouds
and fog, otherwise mostly clear. Lows in the mid 60s. Highs in
the mid 70s to mid 80s.
$$
CAZ362-060100-
Malibu Coast-
Including Malibu, Pacific Palisades, and Zuma Beach
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy in the morning then partly cloudy. Highs
in the mid 70s to lower 80s. Southwest winds around 15 mph in the
afternoon.
.TONIGHT...Mostly clear. Lows in the mid to upper 60s.
.SATURDAY...Sunny. Highs from the mid 70s at the beaches to the
mid 80s inland. West winds 15 to 25 mph in the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows in the mid to upper 60s.
West winds 15 to 25 mph in the evening.
.SUNDAY...Sunny. Highs in the mid 70s to lower 80s. Southwest
winds around 15 mph in the afternoon.
.SUNDAY NIGHT...Mostly clear in the evening then areas of low
clouds and fog. Lows in the mid 60s.
.MONDAY...Partly cloudy after morning low clouds and fog. Highs
in the mid 70s to around 80.
.MONDAY NIGHT...Partly cloudy early then low clouds and fog. Lows
in the lower to mid 60s.
.TUESDAY...Sunny after morning low clouds and fog. Highs in the
70s to around 80.
.TUESDAY NIGHT AND WEDNESDAY...Night through morning low clouds
and fog, otherwise mostly clear. Lows in the mid 60s. Highs in
the mid 70s to lower 80s.
.WEDNESDAY NIGHT AND THURSDAY...Night through morning low clouds
and fog, otherwise mostly clear. Lows in the mid 60s. Highs in
the mid 70s to around 80.
$$
CAZ354-060100-
Ventura County Beaches-
Including Oxnard, Point Mugu, Port Hueneme, and Ventura
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy in the morning then partly cloudy. Highs
from the lower to mid 70s at the beaches to around 80 inland.
West winds around 15 mph in the afternoon.
.TONIGHT...Mostly clear. Lows in the lower 60s.
.SATURDAY...Sunny. Highs from the upper 60s to mid 70s at the
beaches to around 80 inland. West afternoon winds 15 mph.
.SATURDAY NIGHT...Mostly clear. Lows in the lower to mid 60s.
.SUNDAY...Sunny. Highs from the upper 60s to mid 70s at the
beaches to the lower 80s inland. West winds around 15 mph in the
afternoon.
.SUNDAY NIGHT AND MONDAY...Mostly clear. Lows in the lower 60s.
Highs from around 70 at the beaches to the mid to upper 70s
inland.
.MONDAY NIGHT THROUGH THURSDAY...Night through morning low clouds
and fog, otherwise mostly clear. Lows in the lower 60s. Highs
from the mid 60s to around 70 at the beaches to the mid 70s to
around 80 inland.
$$
CAZ355-060100-
Ventura County Inland Coast-
Including Camarillo and East Ventura
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy in the morning then partly cloudy. Highs
mid 70s to lower 80s. Southwest afternoon winds around 15 mph.
.TONIGHT...Mostly clear. Lows in the lower 60s.
.SATURDAY...Sunny. Highs in the mid 70s to mid 80s. Southwest
winds around 15 mph in the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows in the lower 60s.
.SUNDAY...Sunny. Highs in the mid 70s to mid 80s. Southwest winds
around 15 mph in the afternoon.
.SUNDAY NIGHT AND MONDAY...Mostly clear. Lows in the lower 60s.
Highs in the mid 70s to lower 80s.
.MONDAY NIGHT AND TUESDAY...Patchy night through morning low
clouds and fog, otherwise mostly clear. Lows in the lower 60s.
Highs in the mid 70s to lower 80s.
.TUESDAY NIGHT AND WEDNESDAY...Mostly clear. Lows in the lower
60s. Highs in the mid 70s to lower 80s.
.WEDNESDAY NIGHT...Mostly clear in the evening then areas of low
clouds and fog. Lows in the lower 60s.
.THURSDAY...Sunny after morning low clouds and fog. Highs in the
mid 70s to lower 80s.
$$
CAZ350-060100-
Santa Barbara County Southeastern Coast-
Including Carpinteria, Goleta, Montecito, and Santa Barbara
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy in the morning then partly cloudy. Highs
in the mid 70s to around 80. Southwest winds around 15 mph in the
afternoon.
.TONIGHT...Mostly clear. Lows in the upper 50s to mid 60s. West
winds around 15 mph shifting to the north after midnight.
.SATURDAY...Sunny. Highs in the mid 70s to mid 80s. West winds
around 15 mph in the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows in the upper 50s to mid 60s.
West winds around 15 mph shifting to the north after midnight.
.SUNDAY...Sunny. Highs in the upper 70s to mid 80s. West winds
around 15 mph in the afternoon.
.SUNDAY NIGHT AND MONDAY...Mostly clear. Lows in the lower 60s.
Highs in the upper 60s to around 80.
.MONDAY NIGHT AND TUESDAY...Night through morning low clouds and
fog, otherwise mostly clear. Lows around 60. Highs in the upper
60s and 70s.
.TUESDAY NIGHT AND WEDNESDAY...Mostly clear. Lows in the lower
60s. Highs in the 70s to around 80.
.WEDNESDAY NIGHT...Mostly clear in the evening then areas of low
clouds and fog. Lows around 60.
.THURSDAY...Sunny after morning low clouds and fog. Highs in the
70s to around 80.
$$
CAZ349-060100-
Santa Barbara County Southwestern Coast-
Including El Capitan State Beach, Gaviota, Jalama Beach,
and Refugio State Beach
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy in the morning then partly cloudy. Highs
in the mid 70s to around 80. Northwest winds 15 to 25 mph in the
afternoon.
.TONIGHT...Patchy low clouds and fog in the evening then mostly
clear. Lows in the mid 50s to around 60. Northwest winds 15 to
25 mph.
.SATURDAY...Sunny. Highs in the upper 70s to mid 80s except the
mid to upper 60s cooler beaches. Northwest winds 15 to 25 mph.
.SATURDAY NIGHT...Mostly clear. Lows in the mid 50s to lower 60s.
Northwest winds 15 to 25 mph.
.SUNDAY...Sunny. Highs in the mid 70s to mid 80s except the mid
to upper 60s cooler beaches. Northwest winds 15 to 25 mph.
.SUNDAY NIGHT AND MONDAY...Mostly clear. Lows in the mid 50s to
around 60. Highs in the 70s except the mid to upper 60s cooler
beaches.
.MONDAY NIGHT AND TUESDAY...Mostly clear. Lows around 60. Highs
in the 70s.
.TUESDAY NIGHT THROUGH THURSDAY...Mostly clear. Lows around 60.
Highs in the mid 70s to around 80.
$$
CAZ351-060100-
Santa Ynez Mountains Western Range-
Including San Marcos Pass
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy in the morning then partly cloudy. Highs
in the mid 80s to around 90. West winds around 15 mph in the
afternoon.
.TONIGHT...Mostly clear. Lows in the upper 50s to mid 60s.
Northwest winds 15 to 25 mph.
.SATURDAY...Sunny. Highs in the upper 70s to mid 80s except
around 90 warmer foothills. North winds around 15 mph shifting to
the west in the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows in the upper 50s and 60s.
North winds 15 to 25 mph.
.SUNDAY...Sunny. Highs in the mid 80s to lower 90s. North winds
15 to 25 mph shifting to the west in the afternoon.
.SUNDAY NIGHT AND MONDAY...Mostly clear. Lows in the upper 50s
and 60s. Highs in the mid 70s to mid 80s except around 90 warmer
foothills.
.MONDAY NIGHT AND TUESDAY...Mostly clear. Lows in the 60s to
around 70. Highs in the mid 80s to around 90.
.TUESDAY NIGHT THROUGH THURSDAY...Mostly clear. Lows in the 60s
to around 70. Highs in the upper 70s to mid 80s except around
90 warmer foothills.
$$
CAZ352-060100-
Santa Ynez Mountains Eastern Range-
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy in the morning then partly cloudy. Highs
in the upper 70s and 80s.
.TONIGHT...Mostly clear. Lows in the upper 50s to mid 60s except
around 70 warmer foothills. North winds around 15 mph.
.SATURDAY...Sunny. Highs in the mid 80s to lower 90s. Southwest
winds around 15 mph in the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows in the 60s to around 70.
Northwest winds around 15 mph in the evening.
.SUNDAY...Sunny. Highs in the mid 80s to lower 90s. Southwest
winds around 15 mph in the afternoon.
.SUNDAY NIGHT AND MONDAY...Mostly clear. Lows in the 60s to lower
70s. Highs in the upper 70s and 80s.
.MONDAY NIGHT AND TUESDAY...Mostly clear. Lows in the 60s to
around 70. Highs in the upper 70s and 80s.
.TUESDAY NIGHT AND WEDNESDAY...Mostly clear. Lows in the 60s to
lower 70s. Highs in the upper 70s to mid 80s except around
90 warmer foothills.
.WEDNESDAY NIGHT AND THURSDAY...Mostly clear. Lows in the 60s to
around 70. Highs in the 80s to around 90.
$$
CAZ548-060100-
Los Angeles County San Gabriel Valley-
Including East Los Angeles, El Monte, Pasadena, Pomona,
and San Gabriel
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy in the morning then partly cloudy. Highs
around 90.
.TONIGHT...Mostly clear. Lows in the mid to upper 60s.
.SATURDAY...Sunny. Highs around 90.
.SATURDAY NIGHT...Mostly clear. Lows in the mid to upper 60s.
.SUNDAY...Sunny. Highs in the lower to mid 90s.
.SUNDAY NIGHT...Mostly clear. Lows around 70.
.MONDAY...Sunny in the morning, becoming partly cloudy with a
20 percent chance of showers and thunderstorms in the afternoon.
Highs in the upper 80s to mid 90s.
.MONDAY NIGHT...Partly cloudy. Lows in the mid to upper 60s.
.TUESDAY...Partly cloudy. A 20 percent chance of showers and
thunderstorms in the afternoon. Highs around 90.
.TUESDAY NIGHT AND WEDNESDAY...Mostly clear. Lows in the upper
60s. Highs in the upper 80s to mid 90s.
.WEDNESDAY NIGHT AND THURSDAY...Mostly clear. Lows around 70.
Highs in the upper 80s to mid 90s.
$$
CAZ547-060100-
Los Angeles County San Fernando Valley-
Including Burbank, Northridge, Universal City, and Woodland Hills
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy in the morning then partly cloudy. Highs
in the mid 80s to mid 90s. South winds around 15 mph in the
afternoon.
.TONIGHT...Mostly clear. Lows in the 60s to around 70.
.SATURDAY...Sunny. Highs 90 to 100. Southwest winds around 15 mph
in the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows in the mid 60s to lower 70s.
.SUNDAY...Sunny. Highs 91 to 101. Southwest winds around 15 mph
in the afternoon.
.SUNDAY NIGHT...Mostly clear. Lows in the 60s to lower 70s.
.MONDAY...Sunny in the morning, becoming partly cloudy with a
20 percent chance of showers and thunderstorms in the afternoon.
Highs 90 to 100.
.MONDAY NIGHT...Partly cloudy. Lows in the mid 60s to around 70.
.TUESDAY...Partly cloudy. A 20 percent chance of showers and
thunderstorms in the afternoon. Highs 90 to 100.
.TUESDAY NIGHT AND WEDNESDAY...Mostly clear. Lows in the mid 60s
to lower 70s. Highs 90 to 100.
.WEDNESDAY NIGHT AND THURSDAY...Mostly clear. Lows in the 60s to
around 70. Highs 90 to 100.
$$
CAZ088-060100-
Santa Clarita Valley-
Including Castaic Lake, Newhall, Santa Clarita, and Valencia
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy in the morning then partly cloudy. Highs
in the lower 90s. South winds 10 to 20 mph in the afternoon.
.TONIGHT...Mostly clear. Lows in the mid to upper 60s. Southwest
winds 10 to 20 mph in the evening.
.SATURDAY...Sunny. Highs 95 to 100. Southwest winds 10 to 20 mph
in the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows around 70. Southwest winds
10 to 20 mph in the evening.
.SUNDAY...Sunny. Highs 96 to 100. Southwest winds 10 to 20 mph in
the afternoon.
.SUNDAY NIGHT...Mostly clear. Lows in the mid 60s to around 70.
.MONDAY...Sunny in the morning then partly cloudy. Highs in the
mid 90s.
.MONDAY NIGHT...Partly cloudy. Lows in the mid 60s to around 70.
.TUESDAY...Partly cloudy. A 20 percent chance of showers and
thunderstorms in the afternoon. Highs in the lower to mid 90s.
.TUESDAY NIGHT AND WEDNESDAY...Mostly clear. Lows in the mid 60s
to around 70. Highs in the mid 90s.
.WEDNESDAY NIGHT AND THURSDAY...Mostly clear. Lows in the mid 60s
to around 70. Highs in the mid 90s.
$$
CAZ359-060100-
Southeastern Ventura County Valleys-
Including Moorpark, Newbury Park, Simi Valley, and Thousand Oaks
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy in the morning then partly cloudy. Highs
in the mid 80s to around 90. Southwest winds around 15 mph in the
afternoon.
.TONIGHT...Mostly clear. Lows in the lower to mid 60s.
.SATURDAY...Sunny. Highs in the mid 80s to mid 90s. Southwest
winds around 15 mph in the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows in the 60s to around 70.
.SUNDAY...Sunny. Highs in the upper 80s to mid 90s. Southwest
winds around 15 mph in the afternoon.
.SUNDAY NIGHT AND MONDAY...Mostly clear. Lows in the 60s. Highs
in the upper 80s to mid 90s.
.MONDAY NIGHT AND TUESDAY...Mostly clear. Lows in the lower to
mid 60s. Highs in the mid 80s to mid 90s.
.TUESDAY NIGHT AND WEDNESDAY...Mostly clear. Lows in the lower to
mid 60s. Highs in the upper 80s to mid 90s .
.WEDNESDAY NIGHT AND THURSDAY...Mostly clear. Lows in the 60s.
Highs in the mid 80s to mid 90s.
$$
CAZ358-060100-
Central Ventura County Valleys-
Including Fillmore, Piru, and Santa Paula
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy in the morning then partly cloudy. Highs
in the mid 80s to mid 90s. Southwest winds around 15 mph in the
afternoon.
.TONIGHT...Mostly clear. Lows in the lower to mid 60s.
.SATURDAY...Sunny. Highs in the upper 80s and 90s. Southwest
winds around 15 mph in the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows in the 60s to around 70.
.SUNDAY...Sunny. Highs 90 to 100. Southwest winds 15 to 25 mph in
the afternoon.
.SUNDAY NIGHT AND MONDAY...Mostly clear. Lows in the lower to mid
60s. Highs in the mid 80s to mid 90s.
.MONDAY NIGHT AND TUESDAY...Mostly clear. Lows in the lower to
mid 60s. Highs in the mid 80s to mid 90s.
.TUESDAY NIGHT AND WEDNESDAY...Mostly clear. Lows in the lower to
mid 60s. Highs in the upper 80s to mid 90s.
.WEDNESDAY NIGHT AND THURSDAY...Mostly clear. Lows in the lower
to mid 60s. Highs in the upper 80s to mid 90s.
$$
CAZ357-060100-
Ojai Valley-
Including Oak View and Ojai
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy in the morning then partly cloudy. Highs
around 90.
.TONIGHT...Mostly clear. Lows in the lower 60s.
.SATURDAY...Sunny. Highs in the lower 90s. Southwest winds around
15 mph in the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows in the lower to mid 60s.
.SUNDAY...Sunny. Highs in the lower to mid 90s.
.SUNDAY NIGHT THROUGH THURSDAY...Mostly clear. Lows in the lower
60s. Highs around 90.
$$
CAZ356-060100-
Lake Casitas-
Including Meiners Oaks
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy in the morning then partly cloudy. Highs
in the 80s. Southwest winds around 15 mph in the afternoon.
.TONIGHT...Mostly clear. Lows in the lower to mid 60s.
.SATURDAY...Sunny. Highs in the mid 80s to mid 90s. Southwest
winds around 15 mph in the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows in the lower to mid 60s.
.SUNDAY...Sunny. Highs in the mid 80s to lower 90s. Southwest
winds around 15 mph in the afternoon.
.SUNDAY NIGHT THROUGH TUESDAY...Mostly clear. Lows in the lower
60s. Highs in the 80s.
.TUESDAY NIGHT THROUGH THURSDAY...Mostly clear. Lows in the lower
to mid 60s. Highs in the 80s to around 90.
$$
CAZ363-060100-
Santa Monica Mountains-
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy in the morning then partly cloudy. Highs
in the upper 70s to mid 80s. Southwest winds around 15 mph in the
afternoon.
.TONIGHT...Mostly clear. Lows in the 60s to around 70.
.SATURDAY...Sunny. Highs in the mid 80s to mid 90s except the mid
to upper 70s cooler coastal slopes. West winds around 15 mph in
the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows in the mid to upper 60s.
West winds 15 to 25 mph in the evening.
.SUNDAY...Sunny. Highs in the mid 80s to mid 90s except the mid
70s to around 80 cooler coastal slopes. Southwest winds around
15 mph in the afternoon.
.SUNDAY NIGHT AND MONDAY...Mostly clear. Lows in the lower to mid
60s. Highs in the 80s to around 90 except the mid to upper 70s
cooler coastal slopes.
.MONDAY NIGHT AND TUESDAY...Patchy night through morning low
clouds and fog, otherwise mostly clear. Lows in the lower to mid
60s. Highs in the 80s to around 90 except the mid to upper 70s
cooler coastal slopes.
.TUESDAY NIGHT AND WEDNESDAY...Mostly clear. Lows in the lower to
mid 60s. Highs in the mid 80s to lower 90s except the mid to
upper 70s cooler coastal slopes.
.WEDNESDAY NIGHT AND THURSDAY...Mostly clear. Lows in the mid to
upper 60s. Highs in the 80s to around 90 except the lower to mid
70s cooler coastal slopes.
$$
CAZ059-060100-
Antelope Valley-
Including Lancaster and Palmdale
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy in the morning then partly cloudy. A
20 percent chance of showers and thunderstorms. Highs in the 90s.
West winds 15 to 25 mph.
.TONIGHT...Mostly clear. Lows in the mid 60s to mid 70s. West
winds 15 to 25 mph.
.SATURDAY...Sunny. Highs 95 to 103. West winds 10 to 20 mph.
.SATURDAY NIGHT...Mostly clear. Lows in the lower to mid 70s.
West winds 15 to 25 mph.
.SUNDAY...Sunny. Highs 96 to 104. Northwest winds 10 to 20 mph
shifting to the southeast in the afternoon.
.SUNDAY NIGHT...Mostly clear. Lows in the mid to upper 70s.
.MONDAY...Sunny in the morning, becoming partly cloudy with a
20 percent chance of showers and thunderstorms in the afternoon.
Highs 95 to 103.
.MONDAY NIGHT AND TUESDAY...Partly cloudy with a 20 percent
chance of showers and thunderstorms. Lows in the mid to upper
70s. Highs 93 to 101.
.TUESDAY NIGHT...Mostly clear. Lows in the lower to mid 70s.
.WEDNESDAY...Sunny in the morning, becoming partly cloudy with a
20 percent chance of showers and thunderstorms in the afternoon.
Highs 94 to 102.
.WEDNESDAY NIGHT...Partly cloudy. Lows in the lower to mid 70s.
.THURSDAY...Partly cloudy. A 20 percent chance of showers and
thunderstorms in the afternoon. Highs 95 to 103.
$$
CAZ054-060100-
Los Angeles County Mountains-
Including Acton and Mount Wilson
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy in the morning, becoming partly cloudy
with a slight chance of showers and thunderstorms in the
afternoon. Highs from the mid 80s to lower 90s at low elevations
to the mid 70s to around 80 at high elevations. Southwest winds
10 to 20 mph in the afternoon.
.TONIGHT...Mostly clear. Lows in the 60s to around 70. West winds
10 to 20 mph.
.SATURDAY...Sunny. Highs from the upper 80s and 90s at low
elevations to the upper 70s to mid 80s at high elevations. West
winds 10 to 20 mph in the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows in the mid 60s to mid 70s.
West winds 10 to 20 mph shifting to the northwest after midnight.
.SUNDAY...Sunny. Highs from 90 to 100 at low elevations to the
upper 70s to mid 80s at high elevations. North winds 10 to 20 mph
shifting to the south in the afternoon.
.SUNDAY NIGHT...Mostly clear. Lows in the mid 60s to mid 70s.
.MONDAY...Sunny in the morning, becoming partly cloudy with a
slight chance of showers and thunderstorms in the afternoon.
Highs from the upper 80s to mid 90s at low elevations to the
upper 70s to mid 80s at high elevations.
.MONDAY NIGHT AND TUESDAY...Partly cloudy with a slight chance of
showers and thunderstorms. Lows in the mid 60s to mid 70s. Highs
from the mid 80s to mid 90s at low elevations to the upper 70s to
mid 80s at high elevations.
.TUESDAY NIGHT...Mostly clear. Lows in the mid 60s to mid 70s.
.WEDNESDAY...Sunny in the morning, becoming partly cloudy with a
slight chance of showers and thunderstorms in the afternoon.
Highs from the upper 80s to mid 90s at low elevations to the
upper 70s to mid 80s at high elevations.
.WEDNESDAY NIGHT...Mostly clear in the evening then partly
cloudy. Lows in the mid 60s to mid 70s.
.THURSDAY...Partly cloudy. A slight chance of showers and
thunderstorms in the afternoon. Highs from the mid 80s to mid 90s
at low elevations to the mid 70s to lower 80s at high elevations.
$$
CAZ053-060100-
Ventura County Mountains-
Including Lockwood Valley and Mount Pinos
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy in the morning, becoming partly cloudy
with a slight chance of showers and thunderstorms in the
afternoon. Highs from the mid 80s to mid 90s at low elevations to
the mid 70s to mid 80s at high elevations. Southwest winds 10 to
20 mph in the afternoon.
.TONIGHT...Mostly clear. Lows from the mid 60s to around 70 at
low elevations to the mid 50s to around 60 in colder valleys and
peaks. Northwest winds 10 to 20 mph in the evening.
.SATURDAY...Sunny. Highs from the 90s at low elevations to the
80s at high elevations. West winds 10 to 20 mph in the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows from the mid 60s to lower
70s at low elevations to the mid 50s to around 60 in colder
valleys and peaks. North winds 10 to 20 mph.
.SUNDAY...Sunny. Highs from 90 to 100 at low elevations to the
lower to mid 80s at high elevations. South winds 10 to 20 mph in
the afternoon.
.SUNDAY NIGHT AND MONDAY...Mostly clear. Lows from the mid 60s to
lower 70s at low elevations to the mid 50s to lower 60s in colder
valleys and peaks. Highs from 90 to 100 at low elevations to the
upper 70s to mid 80s at high elevations.
.MONDAY NIGHT AND TUESDAY...Mostly clear. Lows from the mid 60s
to lower 70s at low elevations to the mid 50s to around 60 in
colder valleys and peaks. Highs from the upper 80s to mid 90s at
low elevations to the mid 70s to lower 80s at high elevations.
.TUESDAY NIGHT AND WEDNESDAY...Mostly clear. Lows from the mid
60s to around 70 at low elevations to the mid 50s to around 60 in
colder valleys and peaks. Highs from the upper 80s and 90s at low
elevations to the upper 70s to mid 80s at high elevations.
.WEDNESDAY NIGHT AND THURSDAY...Mostly clear. Lows from the mid
60s to lower 70s at low elevations to the mid 50s to lower 60s in
colder valleys and peaks. Highs from 90 to 100 at low elevations
to the upper 70s to mid 80s at high elevations.
$$
CAZ353-060100-
Santa Barbara County Interior Mountains-
Including Big Pine Mountain, Figueroa Mountain,
and San Rafael Mountain
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy. Highs in the mid 80s to lower 90s.
.TONIGHT...Partly cloudy in the evening then mostly clear. Lows
from the mid 60s to lower 70s at low elevations to around 60 in
colder valleys and peaks. North winds around 15 mph.
.SATURDAY...Sunny. Highs from the upper 80s to mid 90s at low
elevations to the lower to mid 80s at high elevations. Northwest
winds around 15 mph in the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows from the mid 60s to around
70 at low elevations to the mid 50s to lower 60s in colder
valleys and peaks. Northwest winds around 15 mph shifting to the
northeast after midnight.
.SUNDAY...Sunny. Highs from the lower to mid 90s at low
elevations to the 80s at high elevations. Northeast winds around
15 mph shifting to the west in the afternoon.
.SUNDAY NIGHT AND MONDAY...Mostly clear. Lows from the mid 60s to
lower 70s at low elevations to the upper 50s to mid 60s in colder
valleys and peaks. Highs in the upper 80s to mid 90s.
.MONDAY NIGHT AND TUESDAY...Mostly clear. Lows from around 70 at
low elevations to the upper 50s to mid 60s in colder valleys and
peaks. Highs in the upper 80s to mid 90s.
.TUESDAY NIGHT THROUGH THURSDAY...Mostly clear. Lows from the
upper 60s to mid 70s at low elevations to the lower to mid 60s in
colder valleys and peaks. Highs from 92 to 100 at low elevations
to the mid 80s to around 90 at high elevations.
$$
CAZ340-060100-
San Luis Obispo County Beaches-
Including Arroyo Grande, Avila Beach, Cambria, Morro Bay,
and Pismo Beach
302 AM PDT Fri Aug 5 2022
.TODAY...Low clouds and fog in the morning then mostly cloudy.
Highs in the 60s to around 70. West winds around 15 mph in the
afternoon.
.TONIGHT...Low clouds and fog. Lows in the mid to upper 50s.
.SATURDAY...Sunny after morning low clouds and fog. Highs from
the lower 60s at the beaches to the lower 70s inland. Northwest
winds 15 to 25 mph in the afternoon.
.SATURDAY NIGHT...Mostly clear early then low clouds and fog.
Lows in the mid 50s. Northwest winds 15 to 25 mph in the evening.
.SUNDAY...Sunny after morning low clouds and fog. Highs from the
mid to upper 60s at the beaches to the lower to mid 70s inland.
Northwest winds 15 to 25 mph in the afternoon.
.SUNDAY NIGHT...Mostly clear in the evening then areas of low
clouds and fog. Lows in the mid 50s.
.MONDAY THROUGH TUESDAY...Night through morning low clouds and
fog, otherwise mostly clear. Highs from the lower to mid 60s at
the beaches to the lower 70s inland. Lows in the mid 50s.
.TUESDAY NIGHT THROUGH THURSDAY...Low clouds and fog with some
clearing in the afternoons. Lows in the mid 50s. Highs from the
mid to upper 60s at the beaches to the lower to mid 70s inland.
$$
CAZ341-060100-
San Luis Obispo County Inland Central Coast-
Including Lopez Lake, Nipomo, and San Luis Obispo
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy. Highs in the upper 60s and 70s. Northwest
winds around 15 mph in the afternoon.
.TONIGHT...Low clouds and fog. Lows in the mid to upper 50s.
.SATURDAY...Sunny after morning low clouds and fog. Highs in the
upper 60s and 70s. Northwest winds around 15 mph in the afternoon.
.SATURDAY NIGHT...Low clouds and fog. Lows in the mid 50s.
.SUNDAY...Sunny after morning low clouds and fog. Highs in the
70s. Northwest winds 15 to 25 mph in the afternoon.
.SUNDAY NIGHT THROUGH THURSDAY...Night through morning low clouds
and fog, otherwise mostly clear. Lows in the mid 50s. Highs in
the 70s to lower 80s.
$$
CAZ346-060100-
Santa Barbara County Central Coast Beaches-
Including Lompoc and Vandenberg Space Force Base
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy. Highs from the mid to upper 60s at the
beaches to the lower to mid 70s inland. Northwest winds around 15
mph in the afternoon.
.TONIGHT...Low clouds and fog. Lows in the mid to upper 50s.
.SATURDAY...Low clouds and fog in the morning then partly cloudy.
Highs from the lower to mid 60s at the beaches to around
70 inland. Northwest winds 15 to 25 mph.
.SATURDAY NIGHT...Low clouds and fog. Lows in the mid 50s.
.SUNDAY...Low clouds and fog mostly clearing in the afternoon.
Highs from the lower to mid 60s at the beaches to the lower 70s
inland. Northwest winds 15 to 25 mph.
.SUNDAY NIGHT THROUGH THURSDAY...Low clouds and fog with some
clearing in the afternoons. Highs from the lower to mid 60s at the
beaches to the lower to mid 70s inland. Lows in the mid 50s.
$$
CAZ347-060100-
Santa Barbara County Inland Central Coast-
Including Buellton and Santa Maria
302 AM PDT Fri Aug 5 2022
.TODAY...Low clouds and fog in the morning then mostly cloudy.
Highs in the upper 60s to mid 80s. Northwest winds around 15 mph
in the afternoon.
.TONIGHT...Low clouds and fog. Lows in the mid 50s to around 60.
Northwest winds around 15 mph.
.SATURDAY...Sunny after morning low clouds and fog. Highs in the
upper 60s to mid 80s. Northwest winds 15 to 25 mph.
.SATURDAY NIGHT...Mostly clear in the evening then low clouds and
fog. Lows in the mid 50s. Northwest winds 15 to 25 mph.
.SUNDAY...Sunny after morning low clouds and fog. Highs in the
upper 60s to mid 80s. Northwest winds 15 to 25 mph.
.SUNDAY NIGHT THROUGH THURSDAY...Night through morning low clouds
and fog, otherwise mostly clear. Lows in the mid to upper 50s.
Highs in the upper 60s to around 90.
$$
CAZ348-060100-
Santa Ynez Valley-
Including Lake Cachuma, Los Olivos, Santa Ynez, and Solvang
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy. Highs in the mid 70s to lower 80s except
the mid 80s to around 90 far interior. West winds around 15 mph in
the afternoon.
.TONIGHT...Partly cloudy in the evening then low clouds and fog.
Lows in the mid to upper 50s. Northwest winds around 15 mph in
the evening.
.SATURDAY...Sunny after morning low clouds and fog. Highs in the
mid 70s to lower 80s except the upper 80s to mid 90s far interior.
West winds 15 to 25 mph in the afternoon.
.SATURDAY NIGHT...Mostly clear in the evening then areas of low
clouds and fog. Lows in the mid 50s. Northwest winds 15 to 25 mph
in the evening.
.SUNDAY...Sunny after morning low clouds and fog. Highs in the
mid 70s to mid 80s except the lower to mid 90s far interior. West
winds 15 to 25 mph in the afternoon.
.SUNDAY NIGHT AND MONDAY...Night through morning low clouds and
fog, otherwise mostly clear. Lows in the mid 50s to around 60.
Highs in the mid 70s to mid 80s except the upper 80s to mid 90s
far interior.
.MONDAY NIGHT AND TUESDAY...Night through morning low clouds and
fog, otherwise mostly clear. Lows in the mid 50s to around 60.
Highs in the upper 70s to mid 80s except the upper 80s to mid 90s
far interior.
.TUESDAY NIGHT THROUGH THURSDAY...Night through morning low clouds
and fog, otherwise mostly clear. Lows in the mid 50s to around
60. Highs in the upper 70s to mid 80s except the lower to mid 90s
far interior.
$$
CAZ343-060100-
Southern Salinas Valley-
Including Atascadero, Lake Nacimiento, Paso Robles, San Miguel,
and Templeton
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy. Highs in the 80s to lower 90s. Southwest
winds around 15 mph in the afternoon.
.TONIGHT...Mostly cloudy in the evening then mostly clear. Lows
around 60.
.SATURDAY...Sunny after morning low clouds and fog. Highs in the
upper 80s to mid 90s. West winds around 15 mph in the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows in the mid 50s.
.SUNDAY...Sunny. Highs 91 to 100. Northwest winds around 15 mph
in the afternoon.
.SUNDAY NIGHT THROUGH THURSDAY...Mostly clear. Lows in the mid
50s to lower 60s. Highs 90 to 100.
$$
CAZ342-060100-
Santa Lucia Mountains-
Including Hearst Castle and Irish Hills
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy. Highs in the upper 70s to mid 80s except
the mid 60s to around 70 cooler coastal slopes. Southwest winds
around 15 mph in the afternoon.
.TONIGHT...Partly cloudy early then low clouds and fog. Lows in
the mid 50s to around 60. West winds around 15 mph in the
evening.
.SATURDAY...Areas of low clouds and fog in the morning then
sunny. Highs in the mid 80s to lower 90s except around 70 cooler
coastal slopes. West winds around 15 mph in the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows in the mid 50s to around 60.
.SUNDAY...Sunny. Highs in the mid 80s to mid 90s except around
70 cooler coastal slopes. Northwest winds around 15 mph in the
afternoon.
.SUNDAY NIGHT AND MONDAY...Mostly clear. Lows in the mid 50s to
lower 60s. Highs in the mid 80s to mid 90s except the mid 60s to
around 70 cooler coastal slopes.
.MONDAY NIGHT AND TUESDAY...Patchy low clouds and fog in the
night and morning, otherwise mostly clear. Lows in the mid 50s to
lower 60s. Highs in the mid 80s to mid 90s except around
70 cooler coastal slopes.
.TUESDAY NIGHT AND WEDNESDAY...Mostly clear. Lows in the mid 50s
to lower 60s. Highs in the upper 80s and 90s except the upper 60s
to mid 70s cooler coastal slopes.
.WEDNESDAY NIGHT AND THURSDAY...Patchy low clouds and fog in the
night and morning, otherwise mostly clear. Lows in the mid 50s to
lower 60s. Highs in the upper 80s and 90s except the upper 60s to
mid 70s cooler coastal slopes.
$$
CAZ344-060100-
San Luis Obispo County Interior Valleys-
Including Carrizo Plain, Creston, and Shandon
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy. Highs in the mid 80s to mid 90s.
Southwest winds around 15 mph in the afternoon.
.TONIGHT...Mostly cloudy in the evening then mostly clear. Lows
in the upper 50s to mid 60s. West winds around 15 mph.
.SATURDAY...Sunny. Highs in the upper 80s to mid 90s. North winds
around 15 mph in the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows in the upper 50s and 60s.
.SUNDAY...Sunny. Highs in the upper 80s and 90s. North winds
around 15 mph in the afternoon.
.SUNDAY NIGHT THROUGH WEDNESDAY NIGHT...Mostly clear. Lows in the
upper 50s to mid 60s except around 70 Carrizo Plain. Highs 90 to
100.
.THURSDAY...Sunny. Highs 92 to 102.
$$
CAZ345-060100-
San Luis Obispo County Mountains-
Including Caliente Range, La Panza Range,
and Santa Margarita Lake
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy. Highs from the mid 80s to mid 90s at low
elevations to the upper 70s to mid 80s at high elevations. West
winds around 15 mph in the afternoon.
.TONIGHT...Mostly cloudy in the evening then mostly clear. Lows
from the lower to mid 60s at low elevations to the mid to upper
50s in colder valleys and peaks. West winds around 15 mph in the
evening.
.SATURDAY...Sunny. Highs from the upper 80s to mid 90s at low
elevations to the lower to mid 80s at high elevations. Northwest
winds around 15 mph in the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows from the 60s at low
elevations to the mid 50s to around 60 in colder valleys and
peaks. Northwest winds around 15 mph in the evening.
.SUNDAY...Sunny. Highs from 92 to 100 at low elevations to the
mid 80s to around 90 at high elevations. North winds around
15 mph in the afternoon.
.SUNDAY NIGHT THROUGH THURSDAY...Mostly clear. Lows from the mid
60s to lower 70s at low elevations to the mid 50s to lower 60s in
colder valleys and peaks. Highs from 93 to 103 at low elevations
to the 80s at high elevations.
$$
CAZ038-060100-
Cuyama Valley-
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy. Highs in the upper 80s to mid 90s.
.TONIGHT...Partly cloudy in the evening then mostly clear. Lows
in the lower to mid 60s. Northwest winds around 15 mph in the
evening.
.SATURDAY...Sunny. Highs in the lower to mid 90s. North winds
around 15 mph in the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows in the lower to mid 60s.
Northwest winds around 15 mph in the evening.
.SUNDAY...Sunny. Highs 92 to 100. North winds around 15 mph in
the afternoon.
.SUNDAY NIGHT AND MONDAY...Mostly clear. Lows in the mid 60s to
around 70. Highs 93 to 101.
.MONDAY NIGHT AND TUESDAY...Mostly clear. Lows in the mid 60s to
lower 70s. Highs 90 to 100.
.TUESDAY NIGHT THROUGH THURSDAY...Mostly clear. Lows in the mid
60s to lower 70s. Highs 92 to 103.
$$
CAZ549-060100-
San Miguel and Santa Rosa Islands-
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy in the morning then partly cloudy. Highs
in the upper 60s and 70s. Northwest winds 20 to 30 mph in the
afternoon.
.TONIGHT...Areas of low clouds and fog. Lows in the mid 50s.
Northwest winds 20 to 35 mph.
.SATURDAY...Sunny after morning low clouds and fog. Highs from
the mid 60s to around 70 near the coast to the mid 70s interior.
Northwest winds 20 to 30 mph.
.SATURDAY NIGHT...Mostly clear. Lows in the mid 50s. Northwest
winds 25 to 35 mph.
.SUNDAY...Sunny. Highs from the mid 60s to around 70 near the
coast to the mid 70s interior. Northwest winds 20 to 35 mph.
.SUNDAY NIGHT...Clear except for patchy low clouds and fog. Lows
in the mid 50s.
.MONDAY...Sunny except for areas of low clouds and fog. Highs
from the mid 60s to around 70 near the coast to the mid 70s
interior.
.MONDAY NIGHT...Clear except for patchy low clouds and fog. Lows
in the mid 50s.
.TUESDAY...Partly cloudy except for patchy low clouds and fog.
Highs from the mid 60s to around 70 near the coast to the mid 70s
interior.
.TUESDAY NIGHT...Partly cloudy in the evening then mostly clear.
Lows in the upper 50s.
.WEDNESDAY THROUGH THURSDAY...Mostly clear. Highs from the mid
60s to around 70 near the coast to the mid 70s to around
80 interior. Lows in the upper 50s.
$$
CAZ550-060100-
Santa Cruz and Anacapa Islands-
302 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy in the morning then partly cloudy. Highs
from the lower to mid 70s near the coast to the lower to mid 80s
interior.
.TONIGHT...Mostly clear. Lows around 60. Northwest winds 20 to
35 mph.
.SATURDAY...Sunny. Highs from around 70 near the coast to the
lower to mid 80s interior. West winds 20 to 30 mph in the
afternoon.
.SATURDAY NIGHT...Mostly clear. Lows around 60. Northwest winds
20 to 35 mph.
.SUNDAY...Sunny. Highs from the upper 60s to mid 70s near the
coast to the 80s interior. Northwest winds 20 to 30 mph in the
morning.
.SUNDAY NIGHT AND MONDAY...Mostly clear. Lows around 60. Highs
from the lower to mid 70s near the coast to the lower to mid 80s
interior.
.MONDAY NIGHT AND TUESDAY...Mostly clear. Lows around 60. Highs
from the lower to mid 70s near the coast to the lower to mid 80s
interior.
.TUESDAY NIGHT AND WEDNESDAY...Mostly clear. Lows around 60.
Highs from the lower to mid 70s near the coast to the lower to
mid 80s interior.
.WEDNESDAY NIGHT AND THURSDAY...Night through morning low clouds
and fog, otherwise mostly clear. Lows around 60. Highs from the
lower to mid 70s near the coast to the lower to mid 80s interior.
$$
ASR
_____
Copyright 2022 AccuWeather
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https://www.myjournalcourier.com/weather/article/CA-Los-Angeles-Oxnard-CA-Zone-Forecast-17353769.php
| 2022-08-05T11:11:14
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| 0.908163
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For months now, the Governors of Texas and Arizona have been sending charter buses full of migrants and refugees to Washington D.C.'s Union Station, just a few blocks from the Capitol Building.
When they disembark, they find neither the local nor federal government there to meet them.
Texas Governor Greg Abbott says he started sending the buses to D.C. because the Biden administration attempted to lift the pandemic-era emergency Title 42 order that allowed the U.S. to deny migrants entry.
According to Gov. Abbott's office, more than 6,100 migrants have been bused to D.C. from Texas alone. They arrive six days a week, as early as 6 a.m. and as late as 11 p.m – sometimes multiple buses each day.
In response, D.C. Mayor Muriel Bowser says this is a federal issue that demands a federal answer. She and other local government officials secured a FEMA grant in June for an international nonprofit to offer emergency services to migrants.
So far, only local volunteers and nonprofit staff have greeted these buses at Union Station. Abel Nuñez is head of CARECEN, the Central American Resource Center, which stepped in to help people being bussed to D.C. when this all started.
"It was really crazy because they were just leaving them on the street," said Nuñez, who first showed up at the station on April 16 after getting a tip from the D.C. Mayor's office on Latino Affairs that a bus was on its way.
"We knew it was on its way so we were there since 5 a.m. just waiting for them along with mutual aid organizations," he said, adding that the first bus didn't arrive till 8 a.m. "And it was incredible how shell-shocked these people were coming out of the buses."
The organization soon learned that the migrants had been let out of immigration detention centers at the border and spent very little time – sometimes less than a day – at a shelter or nonprofit at the border before being put on the bus for a 36-hour journey.
Last week, Mayor Bowser requested that the federal government deploy D.C.'s National Guard to support the nonprofit staff helping migrants.
The federal government has to call up the D.C. national guard because the district isn't a state, and so far the government has not responded to her request. Additionally, some volunteers disagree with what they call a "militarized response" to the humanitarian crisis.
"The governor of Texas has pushed the respite work up to D.C. We're not a border town so we are not used to doing this type of work," Nuñez said. His organization has been helping migrants getting off the bus with meals, hygiene kits, and a safe place to rest.
"For them, it was just a free ride," Nuñez said. "They didn't really have any other options and were offered a bus to the east coast – Washington D.C. – which some of them understood was closer to their final destination ... so they were happy."
But he added that with only local volunteers and nonprofit staff greeting the buses, and with no government support to greet them, the migrants were confused at the disorder that they found once they got to D.C.
"We have to recognize that the immigrants coming in were primarily from Venezuela, Nicaragua, Cuba... some folks from Central Africa ... so they had [final] destinations such as Miami, New Jersey, New York or Tennessee [in mind]," Nuñez said.
"We need a place where we can receive them, give them a meal, and actually help them plan their next step. Even if that means staying in the D.C. area."
CARECEN has helped send some of the migrants to California or Texas, or wherever they have family or friends that can receive them. Still, aid volunteers say that about 10-15% of those who are dropped off by these buses have decided to stay in D.C. indefinitely.
One couple from Venezuela stayed at a volunteer's home with their four children until their flight to Florida.
"Over there in Texas, when we were in the refugee camp, it was tougher because on the border there are military, so they treat the people like militants," said Ronald, the husband. "I felt that we were in a better place. If we didn't have her family I told her that we would stay here. We would stay in Washington."
Critics – including some Republican state and local officials – have called Gov. Abbott's plan to bus migrants to D.C. "political theater". Still, Arizona Governor Doug Ducey joined Texas and started busing migrants to the nation's capital in May.
"I felt that he truly wanted to get a media hit out of this," said Nuñez of Abbott's move. "And that eventually two or three weeks later when everything would die down, he would stop doing it."
When that didn't happen, Nuñez said the community stepped in.
"I think this is an example where the local community rose up and said, 'No, we are not going to have chaos in our city, we are going to be in solidarity with the people that are on the buses and help them to the best of our ability,'" Nuñez said. "Now we're reaching our limit on that."
But he added that resources from the city or from the federal government and other municipalities could really help. "I think we can do an amazing job of demonstrating to this nation what it is to really integrate newcomers into our communities."
Copyright 2022 NPR. To see more, visit https://www.npr.org.
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https://www.kunm.org/npr-news/npr-news/2022-08-05/gop-governors-sent-buses-of-migrants-to-d-c-with-no-plan-for-what-came-next
| 2022-08-05T11:11:15
|
en
| 0.987093
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Belrose Investors Earn 62% Return On Investment in 18 Months
Belrose Storage Group sells Granite City Storage after executing value-add strategies
WAYNE, Pa., Aug. 5, 2022 /PRNewswire/ -- Belrose Storage Group (BSG) a leading self-storage investment group, announced today that it sold its Granite City Storage facility in Mount Airy, NC out of its value-add portfolio. The facility consists of 402 units and 53,986 net rentable square feet.
BSG executed its proven value-add strategies to increase the facility's net operating income from $210,000 to nearly $300,000 in less than 18 months. These strategies included aggressive rate increases after a thorough market supply and demand study, effective marketing and adding a tenant protection plan.
"Our success with Granite City Storage again shows the strength of our strategy, our team and also our commitment to executing above expectations," says Joe Downs, Chief Executive Officer of Belrose Storage Group. "We were able to sell Granite City at our five-year value projection in less than two years. And it's not our first time over-performing like this."
"We did our homework, came up with a great plan and our team executed flawlessly," stated Tim Kane, Chief Operating Officer. "We love when a plan comes together so well. And we are executing this way across our entire portfolio with every facility performing above plan. We are ready for any economic troubles that may be around the corner."
"Our Granite City investors that invested $100,000 received over $162,000 back in 18 months. Helping our investors grow their wealth through real estate that provides tax advantages, capital preservation, passive income and value appreciation is what keeps us motivated and hunting for the best investment opportunities out there," stated Tom Dunkel, Chief Investment Officer. "We are far from the largest player in self storage, but we execute our disciplined investment program with passion and excellence. We take pride in the fact that our investors continue to invest in our projects over and over again, and they bring their friends and family as well. That speaks volumes to our team and we are grateful."
BSG partnered with Scott Meyers and his team at Kingdom Storage Partners. Jesse Luke, EquiCap Commercial and Michael Morrison, Midcoast Properties advised BSG.
Past performance does not necessarily predict future results.
BSG currently owns self-storage facilities in Maryland, Virginia, North Carolina, Georgia and Florida and is actively and selectively searching for under-performing facilities in the eastern United States. The company's mission is to provide high net-worth investors with quality investment opportunities that will help them reach their capital preservation, passive income and value appreciation goals in a tax-advantaged asset class. For more information about Belrose Storage Group and to get pre-approved for upcoming investment offerings, visit BelroseStorageGroup.com
Contact:
Tom Dunkel, Chief Investment Officer
BELROSE STORAGE GROUP
351 E Conestoga Road
Suite 207
Wayne, PA 19087
Phone: (484) 498-8254
Email: [email protected]
SOURCE Belrose Storage Group
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https://www.prnewswire.com/news-releases/belrose-investors-earn-62-return-on-investment-in-18-months-301600468.html
| 2022-08-05T11:11:16
|
en
| 0.944608
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CA Marine Warnings and Forecast for Friday, August 5, 2022
_____
SMALL CRAFT ADVISORY
URGENT - MARINE WEATHER MESSAGE
National Weather Service Eureka CA
255 AM PDT Fri Aug 5 2022
...SMALL CRAFT ADVISORY REMAINS IN EFFECT UNTIL 9 PM PDT THIS
EVENING...
* WHAT...Seas 5 to 8 feet.
* WHERE...Cape Mendocino to Pt Arena 10 to 60 nm.
* WHEN...Until 9 PM PDT this evening.
* IMPACTS...Conditions will be hazardous to small craft.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Inexperienced mariners, especially those operating smaller
vessels, should avoid navigating in hazardous conditions.
...SMALL CRAFT ADVISORY REMAINS IN EFFECT UNTIL 3 AM PDT
SATURDAY...
* WHAT...North winds 10 to 20 kt with gusts up to 30 kt and seas
7 to 10 feet.
* WHERE...Pt St George to Cape Mendocino 10 to 60 nm.
* WHEN...Until 3 AM PDT Saturday.
...SMALL CRAFT ADVISORY REMAINS IN EFFECT UNTIL 3 PM PDT THIS
AFTERNOON...
* WHAT...Seas 4 to 6 feet expected.
* WHERE...Pt St George to Cape Mendocino out 10 nm.
* WHEN...Until 3 PM PDT this afternoon.
_____
Copyright 2022 AccuWeather
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https://www.myjournalcourier.com/weather/article/CA-Marine-Warning-and-Forecast-17353718.php
| 2022-08-05T11:11:20
|
en
| 0.760048
|
For election officials, falsehoods about America's voting process can feel like a game of whack-a-mole.
"There's just so much that is incorrect that they just keep repeating and repeating and repeating," one Colorado voting official told NPR recently. "And then as soon as I have absolutely blocked off that path with actual correct information, then they just move that goal post. And they keep just moving the goal posts."
But it's clear this "game" has massive stakes.
A Justice Department official said in a Senate hearing this week that the federal law enforcement agency had reviewed more than a thousand hostile threats against election workers over the past year. And in a separate congressional hearing, lawmakers mulled how to make the presidential election certification process less vulnerable to partisan hijacking.
In what has essentially become an information war for the future of democracy, people driven by misinformation are acting on it to harass election workers and subvert the will of the voters. And election officials have struggled to find an effective message to fight back.
Republican Stephen Richer, the lead election official for Maricopa County, Ariz., had a speaking event cancelled last week due to a threat.
"If I said I knew [how to fight misinformation], that would be a lie," Richer said in a recent interview with NPR. "We have ideas and we've been trying our hardest to employ all manner of tactics. But I don't think anyone has cracked disinformation as a societal challenge."
New data commissioned by the Voting Rights Lab, and shared exclusively with NPR, however, indicates a potential path forward.
The group, which advocates for expanded voter access, commissioned a series of surveys earlier this year with voters in swing states to gauge their feelings about America's voting systems, and how different types of messages could affect those feelings.
They found that while more than a third of voters said they don't trust the process for counting votes in the U.S., after people were shown affirmative but nonpartisan messaging about democratic systems persevering, that number significantly improved.
"The Big Lie and its proponents have so significantly eroded trust in our democracy," said Megan Lewis, the executive director of the Voting Rights Lab. "The good news from our research is that we found that by appealing to the values that American voters hold dear — things like freedom, independence, a longing for unity — that we actually can persuade voters that the Big Lie is really nothing more than a partisan power grab."
The organization's research started with a control group of voters, and asked them whether they agreed or disagreed with this statement: "Overall, I trust the process for counting votes in our elections."
Initially, 63% of voters said they did.
But when another group of voters was asked the same question after reading a statement that included things like "political candidates can challenge election results. But our system requires proof and following the law" and "let's keep improving our elections and make them more fair, equal, and transparent" that number went up to 72% of voters.
Notably, the share of voters identified as people who already believe election misinformation improved the most after reading the affirmative messaging.
Tresa Undem, a cofounder of the public opinion research firm Perry Undem that conducted the surveys on behalf of the Voting Rights Lab, said she was stunned by the change in Republican voters after they read the positive election messaging.
"After hearing that affirmative narrative, [Republican voters] were in the double digit points more likely to say they trust the process for counting votes in elections compared to a control group," Undem explained.
Those same voters, however, responded poorly to messaging that tried to persuade them of impending threats to democracy, including, for instance, fact-based reporting on the number of restrictive voting bills that have been introduced over the past two years in states across the country.
"People were turned off and they were like, 'Well that's Democratic talking points' and that's too negative and things aren't that bad," Undem said. "So what we took away from that is that ... it's much better to talk about the strength of our elections right now."
When presented with them, political scientist Paul Gronke, of Reed College, who was not involved in the research, called the results "heartening."
Previously, he said he worried that people who believed election misinformation were stuck in their beliefs and unswayable. There certainly still are those people he said, but it doesn't seem to be as big a group as previously thought.
"I was not optimistic, but I read these results and it added some optimism for me," Gronke said. "The foundation of some of these [false] beliefs seems fairly fragile."
Copyright 2022 NPR. To see more, visit https://www.npr.org.
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https://www.kunm.org/npr-news/npr-news/2022-08-05/new-data-sheds-light-on-one-method-to-combat-election-lies
| 2022-08-05T11:11:21
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| 0.982063
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- Antitrust approvals have been granted by the relevant governing authorities, including the Federal Trade Commission ("FTC"), with respect to the previously announced Pfizer Inc. acquisition of Biohaven Pharmaceutical Holding Company Ltd.; preliminary proxy statement has been filed with the SEC
- NURTEC® ODT (rimegepant) TRx volumes grew 11% and net product revenue was $194 million, up sequentially 57%
- Anticipated closing of the merger agreement necessitates accounting of derivative losses in the amount of $1.57 per share resulting in a total second quarter reported net loss of $6.21 per share; non-GAAP adjusted net loss1 for the second quarter was $3.82 per share
- Featured 31 new and encore presentations, including three late-breakers and three oral presentations, spotlighting robust Nurtec ODT and zavegepant migraine data at the 64th annual scientific meeting of the American Headache Society; oral presentations included first of its kind study in migraine reporting on the safety and benefits of Nurtec ODT when used as preventive treatment and as-needed for acute treatment of migraine
- Zavegepant nasal spray New Drug Application ("NDA") filing accepted by the U.S. Food and Drug Administration ("FDA"), with a Prescription Drug User Fee Act goal date set for first quarter of 2023
- Commenced enrollment in Phase 3 clinical trial assessing efficacy and safety of taldefgrobep alfa in patients with Spinal Muscular Atrophy
NEW HAVEN, Conn., Aug. 5, 2022 /PRNewswire/ -- Biohaven Pharmaceutical Holding Company Ltd. (NYSE: BHVN), a biopharmaceutical company with a portfolio of innovative, late-stage product candidates targeting neurological diseases, including rare disorders, today reported financial results for the second quarter ended June 30, 2022, and provided a review of recent accomplishments during and anticipated upcoming milestones.
Vlad Coric, M.D., Chairman and Chief Executive Officer of Biohaven, commented, "As expected, we observed a strong rebound in NURTEC ODT net revenue as first quarter seasonal dynamics abated. Net product revenue of $194 million for the quarter represented a 57% sequential increase compared to the first quarter and reflects strong product demand. In addition, the sales mix of our 2-pack (16-tablet count) of Nurtec ODT continued to ramp in the second quarter. Investments made in first quarter copay programs drove volume and net revenue growth, and the benefits of the only 'all-in-one' therapy to treat and prevent migraine continued to resonate with and improve the lives of patients living with migraine. And now, with the intranasal zavegepant NDA filing acceptance, we are closer to bringing a new, critical medication to market that offers migraine patients ultra-rapid relief in as early as 15 minutes, and addresses the needs of patients experiencing nausea or vomiting who need non-oral treatment options."
Dr. Coric continued, "We are excited about the vast opportunities beyond CGRP and have made tremendous strides across our broader pipeline, starting with our program in focal epilepsy with what we believe is a best-in-class approach to Kv7 potassium channel activation. We are working hard to expedite enrollment in our Phase 1 trial and look forward to exploring its potential in other epilepsy types as well as in pain and affective disorders. Likewise, we recently dosed the first subject in our Phase 3 trial evaluating taldefgrobep alfa in subjects with Spinal Muscular Atrophy (SMA); we look forward to driving enrollment in this trial and exploring the potential of taldefgrobep alfa in additional indications. We also remain on track to report topline results from the verdiperstat arm of the platform trial in ALS, sponsored by the Sean M. Healey & AMG Center for ALS at Massachusetts General Hospital in the second half of the year. We are excited about the paradigm-shifting approaches we're exploring across our expanding pipeline and will continue working determinedly to improve outcomes for patients living with neuroscience diseases."
Second Quarter and Recent Business Highlights
- Q2 2022 net product revenue from sales of NURTEC ODT totaled $194 million, up sequentially 57% compared to Q1 2022 – NURTEC ODT has now achieved over 2,200,000 prescriptions, and over 79,000 unique prescribers through June 30, 2022, an increase of 11,500 prescribers from the first quarter, signaling continued traction across the prescribing community. The $194 million in net product revenues for the quarter represents a 109% increase over the second quarter of 2021 and a 57% increase from net product revenues over the first quarter of 2022. The increase of $70 million in net product revenues as compared to the first quarter of 2022 is due primarily to increased NURTEC ODT prescription sales volume and favorable pack mix per prescription. In addition, we continue to see improvements in patient affordability / copay support needs as patients satisfy annual deductible obligations. These are marginally offset by additional rebates during the second quarter of 2022 compared to the first quarter of 2022. The Company remains on track to meet full year 2022 net product sales guidance of $825 - $900 million.
- Antitrust approval granted for proposed acquisition by Pfizer; other closing conditions – As previously disclosed, Biohaven entered into an agreement and plan of merger with Pfizer, Inc. ("Pfizer") on May 10, 2022, under which Pfizer will acquire Biohaven (the "Merger"). Under the terms of the agreement, Pfizer will acquire all outstanding shares of Biohaven not already owned by Pfizer for $148.50 per share in cash. Biohaven common shareholders, including Pfizer, will also receive 0.5 of a share of New Biohaven, a new publicly traded company that will retain Biohaven's non-CGRP development stage pipeline compounds, per Biohaven common share. The boards of directors of both Biohaven and Pfizer have unanimously approved the transaction. Pfizer will pay transaction consideration totaling approximately $11.6 billion in cash. Pfizer will also make payments at closing to settle Biohaven's third party debt and for the redemption of all outstanding shares of Biohaven's redeemable preferred stock.
- Consummation of the Merger is conditioned upon, among other things, expiration or termination of any applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"). The applicable waiting period under the HSR Act expired at 11:59 p.m., ET, on June 27, 2022.
- In addition to antitrust approval in the United States, the Merger was cleared by the German Federal Cartel Office on June 13, 2022, and was cleared by the Austrian Federal Competition Authority on June 23, 2022. On June 24, 2022, in response to a briefing paper filed by Pfizer on May 20, 2022, the UK Competition and Markets Authority confirmed that no further information is required on the Merger.
- The Merger transaction is also subject to completion of the New Biohaven spin-off transaction and customary closing conditions, including the approval of Biohaven's shareholders. The Company filed a preliminary proxy statement with the United States Securities and Exchange Commission ("SEC") on July 1, 2022.
- U.S. FDA accepted Biohaven's zavegepant NDA filing for the acute treatment of migraine in adults – In May, the Company announced that the FDA filed and accepted for review the Company's recently submitted NDA for zavegepant, the only small molecule calcitonin gene-related peptide ("CGRP") receptor antagonist in an intranasal formulation, for the acute treatment of migraine in adults. The Prescription Drug User Fee Act ("PDUFA") goal date for completion of the FDA review of the NDA is set for the first quarter of 2023. The Company had announced the achievement of positive results in the pivotal trial of zavegepant for the acute treatment of migraine in adults in December, 2021.
- Commenced enrollment in Phase 3 Spinal Muscular Atrophy ("SMA") study – In July, the Company commenced enrollment in a Phase 3 clinical trial assessing the efficacy and safety of taldefgrobep alfa in Spinal Muscular Atrophy (SMA). Taldefgrobep targets myostatin, a natural protein that limits skeletal muscle growth, through two mechanisms: lowering myostatin directly and blocking key downstream signaling mechanisms. The Company expects to enroll approximately 180 patients in this randomized, double-blind, placebo-controlled global trial.
- Global Coalition for Adaptive Research ("GCAR") commenced enrollment in Glioblastoma Adaptive Global Innovative Learning Environment ("GBM Agile") Phase 2-3 adaptive platform trial for patients with glioblastoma – In July, GCAR announced the activation of Biohaven's troriluzole and Vigeo Therapeutics' VT1021 in GBM AGILE, a patient-centered, adaptive platform trial for registration that tests multiple therapies for patients with newly-diagnosed and recurrent glioblastoma ("GBM"). GBM AGILE is an international, innovative platform trial designed to more rapidly identify and confirm effective therapies for patients with glioblastoma through response adaptive randomization. The new interventions are opening first at Henry Ford Health Cancer in Detroit under Henry Ford site Principal Investigator Dr. Tom Mikkelsen and will subsequently open at more than 40 trial sites across the United States with additional global sites to follow.
- Phase 3 clinical trial of troriluzole did not reach statistical significance in overall SCA population – In May, the Company announced top-line results from a Phase 3 clinical trial evaluating the efficacy and safety of its investigational therapy, troriluzole, in patients with spinocerebellar ataxia (SCA). The primary endpoint, change from baseline to Week 48 on the modified functional Scale for the Assessment and Rating of Ataxia (f-SARA), did not reach statistical significance in the overall SCA population as there was less than expected disease progression over the course of the study. However, post hoc analysis of efficacy measures by genotype suggested a treatment effect in patients with the SCA Type 3 (SCA3) genotype, which represents the most common form of SCA and accounted for 41 percent of the study population. In the SCA3 subgroup, troriluzole showed a numerical treatment benefit on the change in f-SARA score from baseline to Week 48 compared to placebo. Given the debilitating nature of the disease and lack of approved therapies, the Company intends to share the SCA3 genotype data with regulators and work with the FDA to address a path forward for troriluzole in SCA.
- Presented new Nurtec ODT, zavegepant, and migraine health economics and outcomes research (HEOR) data at the American Headache Society Annual Scientific Meeting – In June, the Company presented 31 new and encore presentations, including three late-breakers and three oral presentations, at the 64th annual scientific meeting of the American Headache Society. Key updates:
- The Company presented full Phase 3 results for zavegepant nasal spray as an acute treatment of migraine as well as data from a 52-week open label extension study of Nurtec® ODT (rimegepant) evaluating every other day preventive treatment of migraine plus as an as-needed acute treatment, and estimated reductions in monthly migraine days (MMDs) with rimegepant acute treatment.
- Late-breaking submissions highlighted new data about patterns of medication utilization and migraine frequency for adults using Nurtec ODT as a preventive and acute treatment, results from a Phase 1 trial of Nurtec ODT in healthy Chinese adults, and outcomes of a Phase 3 study of Nurtec ODT conducted in China and Korea as an acute treatment of migraine.
- Several HEOR posters notably highlighted (1) reductions in the prevalence of medication overuse headache following Nurtec ODT initiation, (2) reduced mean monthly quantity of dispensed Nurtec ODT which is potentially reflective of MMD reductions, (3) patient survey studies that illustrate preference for ODT oral formulations versus injectable or IV treatments in prevention, (4) improvements in health-related quality of life with long-term Nurtec ODT treatment, (5) the high interictal burden of migraine, and (6) patient reported attenuation of effect with biologic treatment in prevention.
Upcoming Milestones:
Biohaven is continuing to support the commercialization of NURTEC ODT for the acute and preventive treatment of migraine, as well as develop its product candidates through clinical and preclinical programs in a number of common and rare disorders. The Company expects to reach significant pipeline milestones across its platforms in the coming quarters.
Biohaven expects to:
- Consummate the acquisition by Pfizer by early 2023, subject to the completion of the new Biohaven spin-off transaction and other customary closing conditions.
- Advance Phase 1 study of BHV-7000 (Kv7) in focal epilepsy.
- Continue to advance the commercialization of NURTEC ODT (rimegepant) for the acute and preventive treatment of migraine.
- Continue to advance the zavegepant (intranasal spray) program towards commercialization for the acute treatment of migraine.
- Submit an NDA for the acute treatment of migraine in China in the second half of 2022.
- Report topline of verdiperstat in ALS in the second half of 2022.
- Complete enrollment in Phase 3 study of troriluzole in Obsessive-Compulsive Disorder in 2023.
Capital Position:
Cash, cash equivalents, and marketable securities as of June 30, 2022, were $553.5 million, excluding $0.8 million of restricted cash, compared to $364.6 million as of December 31, 2021. On January 4, 2022, we received $500.0 million in upfront proceeds from Pfizer relating to our strategic collaboration arrangement, consisting of $150.0 million cash and $350.0 million in proceeds from the purchase of Biohaven common shares at a 25% market premium. In addition, during the second quarter of 2022 we drew $125.0 million in non-dilutive committed capital from our credit facility with Sixth Street.
Second Quarter 2022 Financial Highlights
Product Revenue, Net: Net product revenue was $194.0 million for the three months ended June 30, 2022, compared to $92.9 million for the three months ended June 30, 2021. The increase of $101.0 million in net product revenue was primarily due to increased NURTEC ODT sales volume as well as an increase in average pills per prescription during the three months ended June 30, 2022, compared to the three months ended June 30, 2021. The increase in the second quarter of 2022 compared to the second quarter of 2021 was also benefited from improved patient affordability support, partially offset by additional rebate related sales allowances.
Collaboration and Other Revenue: Collaboration and other revenue was $21.1 million for the three months ended June 30, 2022. No collaboration and other revenue was recognized for the three months ended June 30, 2021. The collaboration and other revenue recognized during the three months ended June 30, 2022 was primarily due to $20.0 million of variable consideration recognized as part of our collaboration arrangement with Pfizer.
Research and Development ("R&D") Expenses: R&D expenses, including non-cash share-based compensation costs, were $218.5 million for the three months ended June 30, 2022, compared to $77.4 million for the three months ended June 30, 2021. The increase of $141.1 million was primarily due to the acquisition of our Kv7 Platform from Knopp Biosciences LLC in April 2022 for $93.7 million and a $25.0 million development milestone related to BHV-7000, increased program expenses for rimegepant, and increased personnel costs. Non-cash share-based compensation expense was $16.6 million for the three months ended June 30, 2022, an increase of $7.4 million as compared to the same period in 2021.
Selling, General and Administrative ("SG&A") Expenses: SG&A expenses, including non-cash share-based compensation costs, were $250.5 million for the three months ended June 30, 2022, compared to $170.1 million for the three months ended June 30, 2021. The increase of $80.4 million was primarily due to increases in spending to support increased commercial sales of NURTEC ODT, including the launch of NURTEC ODT for the preventative treatment of migraine which was approved by the FDA in May of 2021. Additionally, approximately $9.6 million of the increased SG&A expense related to fees incurred in connection with the Pfizer Merger, including increased legal and accounting costs. Less than half of the SG&A expense was for commercial organization personnel costs, excluding non-cash share-based compensation expense. Non-cash share-based compensation expense was $23.6 million for the three months ended June 30, 2022, an increase of $7.3 million as compared to the same period in 2021.
Other Expense, Net: Other expense, net was $152.2 million for the three months ended June 30, 2022, compared to $34.9 million for the three months ended June 30, 2021. The increase of $117.3 million in net expense was primarily due to a $109.7 million change in fair value of derivative liabilities, as well as $9.3 million of increased interest expense as a result of additional borrowings under our debt facility with Sixth Street Specialty Lending, Inc. ("Sixth Street"). The change in fair value of derivative liabilities was a result of derivative liabilities recorded in connection with change of control provisions associated with the pending acquisition of Biohaven by Pfizer for our series A and B preferred shares and term loans with Sixth Street.
Net Loss: Biohaven reported a net loss attributable to common shareholders for the three months ended June 30, 2022, of $441.4 million, or $6.21 per share, compared to $210.6 million, or $3.23 per share for the same period in 2021. Anticipated closing of the merger agreement necessitates accounting of derivative losses in the amount of $1.57 per share resulting in a total second quarter reported net loss of $6.21 per share. Non-GAAP adjusted net loss for the three months ended June 30, 2022 was $271.4 million, or $3.82 per share, compared to $170.9 million, or $2.62 per share for the same period in 2021. These non-GAAP adjusted net loss and non-GAAP adjusted net loss per share measures, more fully described below under "Non-GAAP Financial Measures," exclude non-cash share-based compensation charges, non-cash interest expense related to the accounting for mandatorily redeemable preferred shares and liability related to sale of future royalties, changes in the fair value of derivatives and gains or losses from equity method investment. A reconciliation of the GAAP financial results to non-GAAP financial results is included in the tables below.
Non-GAAP Financial Measures
This press release includes financial results prepared in accordance with accounting principles generally accepted in the United States (GAAP), and also certain non-GAAP financial measures. In particular, Biohaven has provided non-GAAP adjusted net loss and adjusted net loss per share, adjusted to exclude the items below. Non-GAAP financial measures are not an alternative for financial measures prepared in accordance with GAAP. However, Biohaven believes the presentation of non-GAAP adjusted net loss and adjusted net loss per share, when viewed in conjunction with GAAP results, provides investors with a more meaningful understanding of ongoing operating performance. These measures exclude (i) non-cash share-based compensation, which is substantially dependent on changes in the market price of common shares, (ii) interest expense related to the accounting for our mandatorily redeemable preferred shares and liability related to sale of future royalties, which are in excess of the actual interest owed, (iii) changes in the fair value of derivative liability, which does not correlate to actual cash payment obligations in the relevant periods, and (iv) gains or losses from equity method investment, which are non-cash and based on the financial results and valuation of another company that we did not manage or control.
Biohaven believes the presentation of these non-GAAP financial measures provides useful information to management and investors regarding Biohaven's results of operations. When GAAP financial measures are viewed in conjunction with these non-GAAP financial measures, investors are provided with a more meaningful understanding of Biohaven's ongoing operating performance and are better able to compare Biohaven's performance between periods. In addition, these non-GAAP financial measures are among those indicators Biohaven uses as a basis for evaluating performance, and planning and forecasting future periods. These non-GAAP financial measures are not intended to be considered in isolation or as a substitute for GAAP financial measures. A reconciliation between these non-GAAP measures and the most directly comparable GAAP measures is provided later in this press release.
About Biohaven
Biohaven is a global commercial-stage biopharmaceutical company with a portfolio of innovative therapies to improve the lives of patients with debilitating neurological and neuropsychiatric diseases, including rare disorders. Biohaven's Neuroinnovation™ portfolio includes FDA-approved NURTEC® ODT (rimegepant) for the acute and preventive treatment of migraine (EMA-approved as VYDURA® for the acute treatment of migraine with or without aura, and prophylaxis of episodic migraine in adults who have at least four migraine attacks per month) and a broad pipeline of late-stage product candidates across five distinct mechanistic platforms: CGRP receptor antagonism for the acute and preventive treatment of migraine and other CGRP-mediated diseases; glutamate modulation for obsessive-compulsive disorder and spinocerebellar ataxia; myeloperoxidase (MPO) inhibition for amyotrophic lateral sclerosis; Kv7 ion channel activators for focal epilepsy and neuronal hyperexcitability, and myostatin inhibition for neuromuscular diseases. More information about Biohaven is available at www.biohavenpharma.com.
Forward-Looking Statements
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The use of certain words, including "believe", "continue", "may", "will", "anticipate", "expect" and similar expressions, are intended to identify forward-looking statements. These forward-looking statements involve substantial risks and uncertainties, including statements that are based on the current expectations and assumptions of Biohaven's management about NURTEC ODT as an acute treatment for patients with migraine and preventive treatment for migraine. Factors that could affect these forward-looking statements include those related to: Biohaven's ability to effectively commercialize NURTEC ODT, delays or problems in the supply or manufacture of NURTEC ODT, complying with applicable U.S. regulatory requirements, the expected timing, commencement and outcomes of Biohaven's planned and ongoing clinical trials; the timing of planned interactions and filings with the FDA; the timing and outcome of expected regulatory filings; the potential commercialization of Biohaven's product candidates; the potential for Biohaven's product candidates to be first in class or best in class therapies; and the effectiveness and safety of Biohaven's product candidates. Various important factors could cause actual results or events to differ materially from those that may be expressed or implied by forward-looking statements. Additional important factors to be considered in connection with forward-looking statements are described in the "Risk Factors" section of the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 25, 2022, and in Biohaven's subsequent filings with the Securities and Exchange Commission. The forward-looking statements are made as of the date of this new release, and Biohaven does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
About NURTEC ODT
NURTEC ODT (rimegepant) is the first and only calcitonin gene-related peptide (CGRP) receptor antagonist available in a quick-dissolve ODT formulation that is approved by the U.S. Food and Drug Administration (FDA) for the acute treatment of migraine with or without aura and the preventive treatment of episodic migraine in adults. The activity of the neuropeptide CGRP is thought to play a causal role in migraine pathophysiology. NURTEC ODT is a CGRP receptor antagonist that works by reversibly blocking CGRP receptors, thereby inhibiting the biologic activity of the CGRP neuropeptide. The recommended dose of NURTEC ODT is 75 mg, taken as needed, up to once daily to treat or every other day to help prevent migraine attacks. For more information about NURTEC ODT, visit www.nurtec.com. The most common adverse reaction was nausea and abdominal pain/indigestion. Avoid concomitant administration of NURTEC ODT with strong inhibitors of CYP3A4, strong or moderate inducers of CYP3A or inhibitors of P-gp or BCRP. Avoid another dose of NURTEC ODT within 48 hours when it is administered with moderate inhibitors of CYP3A4.
Indication
NURTEC ODT orally disintegrating tablets is a prescription medicine that is used to treat migraine in adults. It is for the acute treatment of migraine attacks with or without aura and the preventive treatment of episodic migraine. It is not known if NURTEC ODT is safe and effective in children.
Important Safety Information
Do not take NURTEC ODT if you are allergic to NURTEC ODT (rimegepant) or any of its ingredients.
Before you take NURTEC ODT, tell your healthcare provider (HCP) about all your medical conditions, including if you:
- have liver problems,
- have kidney problems,
- are pregnant or plan to become pregnant,
- breastfeeding or plan to breastfeed.
Tell your HCP about all the medicines you take, including prescription and over-the-counter medicines, vitamins, and herbal supplements.
NURTEC ODT may cause serious side effects including allergic reactions, including trouble breathing and rash. This can happen days after you take NURTEC ODT. Call your HCP or get emergency help right away if you have swelling of the face, mouth, tongue, or throat or trouble breathing. This occurred in less than 1% of patients treated with NURTEC ODT.
The most common side effects of NURTEC ODT were nausea (2.7%) and stomach pain/indigestion (2.4%). These are not the only possible side effects of NURTEC ODT. Tell your HCP if you have any side effects.
You are encouraged to report side effects of prescription drugs to the FDA. Visit www.fda.gov/medwatch or call 1-800-FDA-1088 or report side effects to Biohaven at 1-833-4Nurtec.
Please click here for full Prescribing information and Patient Information.
Biohaven Contacts
Investor Relations
Jennifer Porcelli, VP, Investor Relations
Biohaven Pharmaceuticals
[email protected]
+1 (201) 248-0741
Media
Mike Beyer, Media Relations Counselor
Sam Brown Inc.
[email protected]
+1 (312) 961-2502
NURTEC, NURTEC ODT and VYDURA are registered trademarks of Biohaven Pharmaceutical Ireland DAC. Neuroinnovation is a trademark of Biohaven Pharmaceutical Holding Company Ltd.
1 Adjusted net loss per share is a non GAAP measure as defined below. See the tables below for a reconciliation to the most comparable GAAP measure.
SOURCE Biohaven Pharmaceutical Holding Company Ltd.
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https://www.prnewswire.com/news-releases/biohaven-reports-second-quarter-2022-financial-results-and-reports-recent-business-developments-301600624.html
| 2022-08-05T11:11:22
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en
| 0.936519
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CA Reno NV Zone Forecast for Thursday, August 4, 2022
_____
270 FPUS55 KREV 051032
ZFPREV
Western Nevada-Eastern Sierra-Northeast California Zone Forecast
National Weather Service Reno NV
332 AM PDT Fri Aug 5 2022
This is an automatically generated product that provides averaged
values for large geographic areas and may not be representative
of a specific area. To get a more specific forecast for your area,
please visit www.nws.noaa.gov/wtf/udaf/area/?site=rev
CAZ072-NVZ002-060300-
Greater Lake Tahoe Area-
Including the cities of South Lake Tahoe, Tahoe City, Truckee,
Markleeville, Stateline, Glenbrook, and Incline Village
332 AM PDT Fri Aug 5 2022
.TODAY...Scattered showers and isolated thunderstorms in the
morning, then numerous showers and scattered thunderstorms in the
afternoon. Highs 67 to 77. Light winds becoming southwest around
10 mph in the afternoon.
.TONIGHT...Mostly cloudy. Isolated showers and thunderstorms in
the evening. Lows 42 to 52. Southwest winds around 10 mph in the
evening becoming light.
.SATURDAY...Partly cloudy in the morning then becoming sunny.
Highs 73 to 83. Light winds.
.SATURDAY NIGHT...Clear. Lows 45 to 55. Light winds.
.SUNDAY...Mostly sunny. Slight chance of showers and thunderstorms in
the afternoon. Highs 76 to 86. Light winds.
.SUNDAY NIGHT...Partly cloudy with a slight chance of showers and
thunderstorms in the evening, then clear after midnight. Lows
47 to 57.
.MONDAY...Mostly sunny. Slight chance of showers and thunderstorms in
the afternoon. Highs 75 to 85.
.MONDAY NIGHT...Clear. Lows 44 to 54.
.TUESDAY THROUGH THURSDAY...Partly cloudy with a slight chance of
showers and thunderstorms. Highs 73 to 83. Lows 44 to 54.
$$
CAZ070-NVZ005-060300-
Surprise Valley California-Northern Washoe County-
Including the cities of Cedarville, Eagleville, Fort Bidwell,
Empire, and Gerlach
332 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy. Scattered showers in the morning, then
scattered showers and thunderstorms in the afternoon. Highs 82 to
92. West winds 10 to 15 mph.
.TONIGHT...Mostly cloudy. Scattered showers and thunderstorms in
the evening. Lows 55 to 65. West winds 10 to 15 mph. Gusts up to
30 mph in the evening.
.SATURDAY...Sunny. Highs 84 to 94. West winds 10 to 15 mph.
.SATURDAY NIGHT...Clear. Lows 57 to 67. Northwest winds 10 to
15 mph.
.SUNDAY...Sunny. Highs 93 to 98. Light winds becoming southeast
10 to 15 mph in the afternoon.
.SUNDAY NIGHT...Partly cloudy in the evening then becoming clear.
Lows 60 to 70.
.MONDAY...Sunny. Highs 89 to 99.
.MONDAY NIGHT AND TUESDAY...Partly cloudy. Lows 59 to 69. Highs
87 to 97.
.TUESDAY NIGHT...Mostly cloudy. Slight chance of showers and
thunderstorms in the evening. Lows 56 to 66.
.WEDNESDAY AND WEDNESDAY NIGHT...Partly cloudy. Highs 85 to 95.
Lows 56 to 66.
.THURSDAY...Partly cloudy in the morning then clearing. Highs
85 to 95.
$$
CAZ071-060300-
Lassen-Eastern Plumas-Eastern Sierra Counties-
Including the cities of Portola, Susanville, Westwood,
Sierraville, and Loyalton
332 AM PDT Fri Aug 5 2022
.TODAY...Mostly cloudy. Scattered showers in the morning, then
scattered showers and isolated thunderstorms in the afternoon.
Highs 79 to 89. West winds 10 to 15 mph.
.TONIGHT...Mostly cloudy with isolated showers and thunderstorms
in the evening, then partly cloudy after midnight. Lows 48 to 58.
West winds 10 to 15 mph with gusts up to 30 mph in the evening
becoming light.
.SATURDAY...Sunny. Highs 82 to 92. Light winds becoming southwest
around 10 mph in the afternoon.
.SATURDAY NIGHT...Clear. Lows 50 to 60. West winds around 10 mph
in the evening becoming light.
.SUNDAY...Sunny. Highs 85 to 95. Light winds becoming southeast
around 10 mph in the afternoon.
.SUNDAY NIGHT...Partly cloudy in the evening then becoming clear.
Lows 52 to 62.
.MONDAY...Sunny. Highs 85 to 95.
.MONDAY NIGHT THROUGH TUESDAY NIGHT...Partly cloudy. Lows 50 to
60. Highs 82 to 92.
.WEDNESDAY...Partly cloudy in the morning then becoming sunny.
Highs 81 to 91.
.WEDNESDAY NIGHT...Partly cloudy. Lows 47 to 57.
.THURSDAY...Sunny. Highs 83 to 93.
$$
CAZ073-060300-
Mono County-
Including the cities of Bridgeport, Coleville, Lee Vining,
and Mammoth Lakes
332 AM PDT Fri Aug 5 2022
...FLOOD WATCH IN EFFECT THROUGH THIS EVENING...
.TODAY...Scattered showers and isolated thunderstorms in the
morning, then showers and scattered thunderstorms in the
afternoon. Some thunderstorms may produce heavy rainfall. Highs
64 to 74. Light winds becoming west around 10 mph in the
afternoon.
.TONIGHT...Cloudy. Scattered showers and thunderstorms in the
evening, then isolated showers and thunderstorms after midnight.
Some thunderstorms may produce heavy rainfall in the evening.
Lows 43 to 53. Southwest winds around 10 mph in the evening
becoming light.
.SATURDAY...Partly cloudy. Slight chance of showers and
thunderstorms in the afternoon. Highs 74 to 84. Light winds
becoming east around 10 mph in the afternoon.
.SATURDAY NIGHT...Mostly clear. Slight chance of showers and
thunderstorms in the evening. Lows 45 to 55. Southeast winds
around 10 mph in the evening becoming light.
.SUNDAY...Mostly sunny. Slight chance of showers and thunderstorms in
the afternoon. Highs 76 to 86. Light winds becoming southeast
around 10 mph in the afternoon.
.SUNDAY NIGHT...Partly cloudy with a slight chance of showers and
thunderstorms in the evening, then clear after midnight. Lows
47 to 57.
.MONDAY...Sunny in the morning, then partly cloudy with a slight
chance of showers and thunderstorms in the afternoon. Highs 76 to
86.
.MONDAY NIGHT...Partly cloudy. Lows 47 to 57.
.TUESDAY AND TUESDAY NIGHT...Mostly cloudy with a chance of
showers and thunderstorms. Highs 73 to 83. Lows 46 to 56.
.WEDNESDAY...Partly cloudy in the morning, then mostly cloudy
with a chance of showers and thunderstorms in the afternoon.
Highs 73 to 83.
.WEDNESDAY NIGHT...Mostly cloudy with a slight chance of showers
and thunderstorms in the evening, then partly cloudy after
midnight. Lows 46 to 56.
.THURSDAY...Partly cloudy in the morning, then mostly cloudy with
a chance of showers and thunderstorms in the afternoon. Highs
74 to 84.
$$
_____
Copyright 2022 AccuWeather
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https://www.myjournalcourier.com/weather/article/CA-Reno-NV-Zone-Forecast-17353799.php
| 2022-08-05T11:11:26
|
en
| 0.860968
|
As the people of New Zealand confront their nation's troubled past with colonization and denying the Maori people rights, a name change for the island nation is being considered as a part of its own reckoning.
A petition that aims to change the Dutch anglicized name of New Zealand to its indigenous Maori designation of Aotearoa has collected more than 70,000 signatures, prompting a parliamentary committee to consider the idea.
New Zealand member of parliament Debbie Ngarewa-Packer , co-leader of The Maori Party, joined All Things Considered to elaborate on the significance of this potential name change, the journey to indigenous cultural reclamation, and their hopes for the movement's success.
This interview has been edited for length and clarity
Interview highlights
On what the word Aotearoa means
It is indicative or prescriptive of the long white cloud of the island as it's depicted often, and the weather that we have down at the end of the world.
But most importantly, it reflects indigenously who we are, and that we are, in fact, in the Pacific, that we are an island nation, and we're not in any way connected to the origins of New Zealand.
On why it is important for the Maori Party to push for a formal name change
It's really important that we dismantle some of the grips of colonization that have hindered our ability to reach our true potential. And one of the biggest things that's reflected in some of the poorer states across the nation is the lack of self-identity, is the lack of actually understanding even who the tangata whenuaor Indigenous people, Maori of Aotearoa are.
This is about resetting the balance, and it's something that hasn't just come from the party. I'd love to take credit for it, but it's actually something it's been called on from some of our oldest ancestors post-colonization, to us today. Some of the youngest generations are standing up, calling for this in the local schools. So it is very much an intergenerational pull. And just as importantly, it's not just coming from Maori. We have tangata tiriti, those who arrived after indigenous people, who are also wanting to see the rebalance of our culture reflected in the nationhood of Aotearoa.
On how renaming can help preserve Maori culture
It will have a massive positive impact on the ability for us to reclaim not just our language, but to lift the trauma of colonization, to lift the unwellness that comes with the loss of your culture and the loss of self identity. So this is just about as much as the preservation of our culture as it is the importance of the wellbeing of us as well.
On what the lawmaking process may look like
The first thing is that it has to be accepted. And to have that, we're going to need to have cross-party support, which is going to be a really big challenge because we have two parties that set towards center-left, two parties set towards center-right, and then ourselves who are solely indigenously focused.
So that takes a whole degree of lobbying, once you get through that obstacle, and it's a big if, you then go to a select committee. Then it goes for a massive debate process.
[The process] could be months and months. Some of the parties that we have in the government, I think, would like to see a fusion, and a period of being Aotearoa and New Zealand. But our response is, well, if not now, then when?
On having hope for the petition to succeed
I have a lot of hope, and I think it will be interesting, because we are still a young nation and we were the last of the nations across the world to be colonized. So we probably are going to go through things that we've seen other nations go through to reclaim themselves.
But the other part of this is that the Maori population, Pacifica population in Aotearoa are growing. We have 70% of our population under 40. 25% are under 20 years. So what we have here is almost a generational battle as well.
We have an older, very monocultural, focused generation that actually just don't want to change at all and have been raised in an education system that didn't talk about Maori, that didn't acknowledge our culture and who were part and parcel of dismissing, and in fact legally banning our language, legally confiscating land, legally putting us in some difficult situations.
This isn't about taking anything from anyone. It's actually about lifting trauma and bringing to life a culture that can enrich everyone's life in Aotearoa.
Copyright 2022 NPR. To see more, visit https://www.npr.org.
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https://www.kunm.org/npr-news/npr-news/2022-08-05/new-zealand-considers-changing-its-name-to-confront-its-troubled-colonial-past
| 2022-08-05T11:11:27
|
en
| 0.977778
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COLORADO SPRINGS, Colo., Aug. 5, 2022 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) today announced its financial results for the three and six months ended June 30, 2022.
Second Quarter 2022 Highlights*
- Net operating revenue was $111.1 million, an increase of 21% from the three months ended June 30, 2021.
- Earnings from operations were $20.8 million, an increase of 15% from the three months ended June 30, 2021.
- Net earnings attributable to Century Casinos, Inc. shareholders were $8.9 million, an increase of 29% from the three months ended June 30, 2021.
- Adjusted EBITDA** was $29.8 million, an increase of 18% from the three months ended June 30, 2021.
- Basic earnings per share attributable to Century Casinos, Inc. shareholders were $0.30.
- Diluted earnings per share attributable to Century Casinos, Inc. shareholders were $0.28.
- Book value per share*** at June 30, 2022 was $5.00.
COVID-19 UPDATE
Since the inception of the COVID-19 pandemic in March 2020, the Company's casinos have varied their operations based on the governmental health and safety requirements in the jurisdictions in which they are located. The COVID-19 pandemic impacted the Company's results of operations in the first half of 2021 because of closures at the Company's Canada and Poland properties during this period. Currently the Company's operations have no health and safety requirements for entry and few other COVID-19 related restrictions. The duration and ultimate impact of the COVID-19 pandemic otherwise remains uncertain.
NUGGET CASINO RESORT ACQUISITION AND FINANCING
On April 1, 2022, the Company purchased 50% of the membership interest in Smooth Bourbon, LLC ("PropCo") for approximately $95.0 million (the "PropCo Acquisition"). Pursuant to a definitive agreement and subject to approval from the Nevada Gaming Commission, the Company will purchase 100% of the membership interests in Nugget Sparks, LLC ("OpCo") for $100.0 million (subject to certain adjustments) (the "OpCo Acquisition" and together with the PropCo Acquisition, the "Acquisition"). The OpCo Acquisition is expected to occur within one year of the PropCo Acquisition. OpCo owns and operates the Nugget Casino Resort in Sparks, Nevada, and PropCo owns the real property on which the casino is located and leases the real property to OpCo for an annual rent of $15.0 million.
On April 1, 2022, the Company also entered into a Credit Agreement with Goldman Sachs Bank USA (the "Goldman Credit Agreement"). The Goldman Credit Agreement provides for a $350.0 million term loan (the "Term Loan") and a $30.0 million revolving credit facility (the "Revolving Facility"). The Company drew $350.0 million under the Term Loan and used the proceeds as well as $29.3 million of cash on hand to fund the PropCo Acquisition, to repay approximately $166.2 million outstanding under the Company's credit agreement with Macquarie ("Macquarie Credit Agreement"), to fund a $100.0 million escrow fund that will be used to purchase OpCo, and for related fees and expenses. The Goldman Credit Agreement replaces the Macquarie Credit Agreement. The Company did not draw on the Revolving Facility on the closing date of the PropCo acquisition.
RESULTS
The consolidated results for the three and six months ended June 30, 2022 and 2021 are as follows:
"We achieved the highest net operating revenue and Adjusted EBITDA during a second quarter in the history of the Company. We are pleased with the strong contribution from our operations in Canada which have continued to improve after Alberta removed COVID-19 restrictions," Erwin Haitzmann and Peter Hoetzinger, Co-Chief Executive Officers of Century Casinos remarked. "As we announced in April, we have completed the first portion of our acquisition of the Nugget Casino Resort. We are excited to enter the growing Reno/Sparks Nevada market with this transaction," Messrs. Haitzmann and Hoetzinger concluded.
REPORTABLE SEGMENT RESULTS*
The table below shows the Company's reporting units and operating segments that are included in each of the Company's reportable segments as of June 30, 2022:
The Company's net operating revenue increased by $18.9 million, or 21%, and by $49.6 million, or 30%, for the three and six months ended June 30, 2022, compared to the three and six months ended June 30, 2021. Following is a summary of the changes in net operating revenue by reportable segment for the three and six months ended June 30, 2022, compared to the three and six months ended June 30, 2021:
The Company's earnings from operations increased by $2.7 million, or 15%, and by $7.5 million, or 28%, for the three and six months ended June 30, 2022, compared to the three and six months ended June 30, 2021. Following is a summary of the changes in earnings (loss) from operations by reportable segment for the three and six months ended June 30, 2022, compared to the three and six months ended June 30, 2021:
Net earnings attributable to Century Casinos, Inc. shareholders increased by $2.0 million, or 29%, and by $3.6 million, or 67%, for the three and six months ended June 30, 2022, compared to the three and six months ended June 30, 2021. Following is a summary of the changes in net earnings (loss) attributable to Century Casinos, Inc. shareholders by reportable segment for the three and six months ended June 30, 2022, compared to the three and six months ended June 30, 2021:
Items deducted from or added to earnings from operations to arrive at net earnings attributable to Century Casinos, Inc. shareholders include interest income, interest expense, gains (losses) on foreign currency transactions and other, income tax (benefit) expense and non-controlling interests. Items that impacted net earnings attributable to Century Casinos, Inc. shareholders for the three and six months ended June 30, 2022 included a write-off of $7.3 million in deferred financing costs to interest expense related to the prepayment of the Macquarie Credit Agreement and the release of a $10.2 million US valuation allowance, resulting in an income tax benefit.
Adjusted EBITDA** increased by $4.5 million, or 18%, and by $13.6 million, or 34%, for the three and six months ended June 30, 2022 compared to the three and six months ended June 30, 2021. Following is a summary of the changes in Adjusted EBITDA** by reportable segment for the three and six months ended June 30, 2022 compared to the three and six months ended June 30, 2021:
BALANCE SHEET AND LIQUIDITY
As of June 30, 2022, the Company had $96.2 million in cash and cash equivalents compared to $107.8 million in cash and cash equivalents at December 31, 2021. Cash and cash equivalents as of June 30, 2022 do not include restricted cash, which includes $100.0 million in escrow to fund the OpCo Acquisition. As of June 30, 2022, the Company had $369.9 million in outstanding debt compared to $189.2 million in outstanding debt at December 31, 2021. The outstanding debt as of June 30, 2022 included $349.1 million related to the Term Loan under the Goldman Credit Agreement (including $100.0 million borrowed and in escrow to fund the OpCo Acquisition), $0.1 million of bank debt related to Casinos Poland, $5.5 million of bank debt related to Century Resorts Management GmbH ("CRM"), and $15.1 million related to a long-term land lease for Century Downs Racetrack and Casino ("CDR"). The Company also has a $283.0 million long-term financing obligation under its triple net master lease ("Master Lease") of its West Virginia and Missouri properties.
CONFERENCE CALL INFORMATION
Today the Company will post a copy of its quarterly report on Form 10-Q filed with the SEC for the quarter ended June 30, 2022 on its website at www.cnty.com/investor/financials/sec-filings/. The Company will also post a presentation of the second quarter results on its website at www.cnty.com/investor/presentations/.
The Company will host its second quarter 2022 earnings conference call today, Friday, August 5, at 10:00 am EDT / 8:00 am MDT. U.S. domestic participants should dial 800-920-5564. For all international participants, please use 415-226-5355 to dial-in. Participants may listen to the call live at cc.callinfo.com/r/1ocsahbwizouj&eom or obtain a recording of the call on the Company's website until August 31, 2022 at www.cnty.com/investor/financials/sec-filings/.
* Amounts presented are rounded. As such, rounding differences could occur in period over period changes and percentages reported.
** Adjusted EBITDA and Adjusted EBITDA margin are Non-US GAAP financial measures. See discussion and reconciliation of Non-US GAAP financial measures in Supplemental Information below.
* The Company defines Adjusted EBITDA as net earnings (loss) attributable to Century Casinos, Inc. shareholders before interest expense (income), net, income taxes (benefit), depreciation and amortization, non-controlling interests net earnings (loss) and transactions, pre-opening expenses, acquisition costs, non-cash stock-based compensation charges, asset impairment costs, loss (gain) on disposition of fixed assets, discontinued operations, (gain) loss on foreign currency transactions, cost recovery income and other, gain on business combination and certain other one-time transactions. Expense related to the Master Lease and CDR land lease is included in the interest expense (income), net line item. Intercompany transactions consisting primarily of management and royalty fees and interest, along with their related tax effects, are excluded from the presentation of net earnings (loss) attributable to Century Casinos, Inc. shareholders and Adjusted EBITDA reported for each segment. Non-cash stock-based compensation expense is presented under Corporate and Other as the expense is not allocated to reportable segments when reviewed by the Company's chief operating decision makers. Not all of the aforementioned items occur in each reporting period, but have been included in the definition based on historical activity. These adjustments have no effect on the consolidated results as reported under US GAAP. Adjusted EBITDA is not considered a measure of performance recognized under US GAAP. Management believes that Adjusted EBITDA is a valuable measure of the relative performance of the Company and its properties. The gaming industry commonly uses Adjusted EBITDA as a method of arriving at the economic value of a casino operation. Management uses Adjusted EBITDA to compare the relative operating performance of separate operating units by eliminating the above-mentioned items associated with the varying levels of capital expenditures for infrastructure required to generate revenue and the often high cost of acquiring existing operations. Adjusted EBITDA is used by the Company's lending institution to gauge operating performance. The Company's computation of Adjusted EBITDA may be different from, and therefore may not be comparable to, similar measures used by other companies within the gaming industry. Please see the reconciliation of Adjusted EBITDA to net earnings (loss) attributable to Century Casinos, Inc. shareholders above.
** The Company defines Adjusted EBITDA margin as Adjusted EBITDA divided by net operating revenue. Adjusted EBITDA margin is a non-US GAAP measure. Management uses this margin as one of several measures to evaluate the efficiency of the Company's casino operations.
ABOUT CENTURY CASINOS, INC.:
Century Casinos, Inc. is a casino entertainment company. The Company owns and operates Century Casino & Hotels in Cripple Creek and Central City, Colorado, and in Edmonton, Alberta, Canada; the Century Casino in Cape Girardeau and Caruthersville, Missouri, and in St. Albert, Alberta, Canada; Mountaineer Casino, Racetrack & Resort in New Cumberland, West Virginia; and the Century Mile Racetrack and Casino in Edmonton, Alberta, Canada. Through its Austrian subsidiary, CRM, the Company holds a 66.6% ownership interest in Casinos Poland Ltd., the owner and operator of eight casinos throughout Poland; and a 75% ownership interest in Century Downs Racetrack and Casino in Calgary, Alberta, Canada. Through its United States subsidiary, Century Nevada Acquisition, Inc., the Company owns a 50% membership interest in PropCo, which owns the land and building of OpCo in Sparks, Nevada. The Company has an agreement to purchase 100% of the membership interests in OpCo. The Company also has an agreement to operate one ship-based casino. The Company continues to pursue other projects in various stages of development.
Century Casinos' common stock trades on The Nasdaq Capital Market® under the symbol CNTY. For more information about Century Casinos, visit our website at www.cnty.com.
This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs and assumptions of the management of Century Casinos based on information currently available to management. Such forward-looking statements include, but are not limited to, statements regarding future results of operations, including statements about operating margins and Adjusted EBITDA, the impact of the coronavirus (COVID-19) pandemic, estimates of the financial impact of COVID-19, the adequacy of cash flows from operations and available cash to meet our future liquidity needs, particularly if we cannot operate our casinos due to COVID-19 or their operations are restricted, operating efficiencies, synergies and operational performance, the prospects for and timing and costs of new projects, projects in development and other opportunities, our Goldman Credit Agreement and obligations under our Master Lease and our ability to repay our debt and other obligations, investments in joint ventures, outcomes of legal proceedings, changes in our tax provisions or exposure to additional income tax liabilities, certain plans, expectations, goals, projections, and statements about the benefits of the Acquisition, as well as our plans, objectives, expectations, intentions, and other statements relating to cash flow, operating results and debt repayment; the possibility that the OpCo Acquisition does not close when expected or at all because regulatory or other conditions to closing are not satisfied on a timely basis or at all; potential adverse reactions or changes to business or employee relationships, including those resulting from the completion of the Acquisition; the possibility that the anticipated benefits of the Acquisition are not realized when expected or at all and plans for our casinos and our Company. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially from the forward-looking statements include, among others, the risks described in the section entitled "Risk Factors" under Item 1A in our Annual Report on Form 10-K for the year ended December 31, 2021, and in subsequent periodic and current SEC filings we may make. Century Casinos disclaims any obligation to revise or update any forward-looking statement that may be made from time to time by it or on its behalf.
SOURCE Century Casinos, Inc.
|
https://www.prnewswire.com/news-releases/century-casinos-inc-announces-second-quarter-2022-results-301600660.html
| 2022-08-05T11:11:29
|
en
| 0.95343
|
CA San Diego CA Zone Forecast for Thursday, August 4, 2022
_____
688 FPUS56 KSGX 050929
ZFPSGX
Zone Forecast Product for Extreme Southwestern California
National Weather Service San Diego CA
229 AM PDT Fri Aug 5 2022
CAZ552-060030-
Orange County Coastal Areas-
Including the cities of Huntington Beach, Costa Mesa,
Newport Beach, Laguna Beach, and San Clemente
229 AM PDT Fri Aug 5 2022
.TODAY...Partly cloudy in the morning...becoming mostly sunny.
Patchy fog in the morning. Highs 74 to 79 at the beaches to 80 to
85 farther inland and near higher coastal terrain. Light winds
becoming west 15 mph in the afternoon.
.TONIGHT...Mostly clear. Lows 62 to 67. Areas of winds west
15 mph in the evening becoming light.
.SATURDAY...Partly cloudy in the morning...becoming mostly sunny.
Patchy fog in the morning. Highs 74 to 79 at the beaches to 80 to
85 farther inland and near higher coastal terrain. Light winds
becoming west 15 mph in the afternoon.
.SATURDAY NIGHT...Mostly clear in the evening...becoming partly
cloudy. Patchy fog overnight. Lows 63 to 68. Areas of winds west
15 mph in the evening becoming light.
.SUNDAY...Partly cloudy. Patchy fog in the morning. Highs around
77 at the beaches to 81 to 86 farther inland and near higher
coastal terrain. Light winds.
.SUNDAY NIGHT...Partly cloudy. Patchy fog overnight. Lows 64 to
69.
.MONDAY...Partly cloudy. Patchy fog in the morning. Slight chance
of showers and thunderstorms in the afternoon. Highs 74 to 79 at
the beaches to 80 to 85 farther inland and near higher coastal
terrain.
.MONDAY NIGHT...Partly cloudy. Patchy fog overnight. Lows 63 to
68.
.TUESDAY...Partly cloudy. Patchy fog in the morning. Slight
chance of showers and thunderstorms in the afternoon. Highs 74 to
79 at the beaches to 81 to 86 farther inland and near higher
coastal terrain.
.TUESDAY NIGHT...Partly cloudy. Lows 64 to 69.
.WEDNESDAY...Partly cloudy. Highs 75 to 80 at the beaches to
82 to 87 farther inland and near higher coastal terrain.
.WEDNESDAY NIGHT...Partly cloudy. Patchy fog overnight. Lows
65 to 70.
.THURSDAY...Partly cloudy. Patchy fog in the morning. Highs 75 to
80 at the beaches to 82 to 87 farther inland and near higher
coastal terrain.
$$
CAZ554-060030-
Orange County Inland Areas-
Including the cities of Santa Ana, Anaheim, Garden Grove, Irvine,
Orange, Fullerton, and Mission Viejo
229 AM PDT Fri Aug 5 2022
.TODAY...Partly cloudy in the morning...becoming mostly sunny.
Patchy fog in the morning. Highs around 84 towards the coast to
85 to 90 farther inland. Light winds.
.TONIGHT...Mostly clear. Lows 63 to 68. Light winds.
.SATURDAY...Mostly sunny. Patchy fog in the morning. Highs around
85 towards the coast to 87 to 92 farther inland. Light winds.
.SATURDAY NIGHT...Mostly clear. Lows 64 to 69. Light winds.
.SUNDAY...Partly cloudy. Patchy fog in the morning. Highs around
85 towards the coast to 89 to 94 farther inland. Light winds.
.SUNDAY NIGHT...Partly cloudy. Patchy fog overnight. Lows 65 to
70.
.MONDAY...Partly cloudy. Patchy fog in the morning. Slight chance
of showers and thunderstorms in the afternoon. Highs around
84 towards the coast to 89 farther inland.
.MONDAY NIGHT...Partly cloudy. Patchy fog overnight. Lows 65 to
70.
.TUESDAY...Partly cloudy. Patchy fog in the morning. Slight
chance of showers and thunderstorms in the afternoon. Highs
around 84 towards the coast to 89 farther inland.
.TUESDAY NIGHT...Partly cloudy. Lows 65 to 70.
.WEDNESDAY...Partly cloudy. Highs around 85 towards the coast to
87 to 92 farther inland.
.WEDNESDAY NIGHT...Partly cloudy. Lows 66 to 71.
.THURSDAY...Partly cloudy. Highs around 85 towards the coast to
87 to 92 farther inland.
$$
CAZ043-060030-
San Diego County Coastal Areas-
Including the cities of Oceanside, Vista, Carlsbad, Encinitas,
Chula Vista, National City, and San Diego
229 AM PDT Fri Aug 5 2022
.TODAY...Partly cloudy in the morning...becoming mostly sunny.
Patchy fog in the morning. Highs 75 to 80 near the coast to
82 inland. Light winds becoming west 15 mph in the afternoon.
.TONIGHT...Mostly clear in the evening...becoming partly cloudy.
Patchy fog overnight. Lows 62 to 67. Areas of winds northwest
15 mph in the evening becoming light.
.SATURDAY...Partly cloudy in the morning...becoming mostly sunny.
Patchy fog in the morning. Highs 75 to 80 near the coast to 80 to
85 inland. Light winds becoming west 15 mph with gusts to 25 mph
in the afternoon.
.SATURDAY NIGHT...Mostly clear in the evening...becoming partly
cloudy. Patchy fog overnight. Lows 64 to 69. Areas of winds
northwest 15 mph in the evening becoming light.
.SUNDAY...Partly cloudy. Patchy fog in the morning. Highs 76 to
81 near the coast to 82 to 87 inland. Light winds.
.SUNDAY NIGHT...Partly cloudy. Patchy fog overnight. Lows around
67.
.MONDAY...Partly cloudy. Patchy fog in the morning. Chance of
showers and slight chance of thunderstorms in the afternoon.
Highs 75 to 80 near the coast to 80 to 85 inland.
.MONDAY NIGHT...Mostly cloudy with a slight chance of showers and
thunderstorms in the evening, then partly cloudy overnight.
Patchy fog overnight. Lows around 67.
.TUESDAY...Partly cloudy. Patchy fog in the morning. Slight
chance of showers and thunderstorms in the afternoon. Highs 75 to
80 near the coast to 81 to 86 inland.
.TUESDAY NIGHT...Partly cloudy. Patchy fog overnight. Lows around
67.
.WEDNESDAY...Partly cloudy. Highs 76 to 81 near the coast to
81 to 86 inland.
.WEDNESDAY NIGHT...Partly cloudy. Patchy fog overnight. Lows
around 68.
.THURSDAY...Partly cloudy. Patchy fog in the morning. Highs 77 to
82 near the coast to 82 to 87 inland.
$$
CAZ050-060030-
San Diego County Valleys-
Including the cities of Escondido, El Cajon, San Marcos, La Mesa,
Santee, and Poway
229 AM PDT Fri Aug 5 2022
.TODAY...Partly cloudy. Highs 82 to 87 in the western valleys to
87 to 92 near the foothills. Light winds becoming west 15 mph in
the afternoon.
.TONIGHT...Mostly clear. Lows 63 to 68. Light winds.
.SATURDAY...Partly cloudy in the morning...becoming mostly sunny.
Patchy fog in the morning. Highs 83 to 88 in the western valleys
to 90 to 95 near the foothills. Light winds becoming west 15 mph
with gusts to 25 mph in the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows 65 to 70. Light winds.
.SUNDAY...Partly cloudy. Patchy fog in the morning. Slight chance
of showers and thunderstorms in the afternoon. Highs 84 to 89 in
the western valleys to 92 to 97 near the foothills. Light winds.
Chance of measurable precipitation 20 percent.
.SUNDAY NIGHT...Partly cloudy with a slight chance of showers and
thunderstorms. Lows 66 to 71.
.MONDAY...Partly cloudy. Chance of showers and slight chance of
thunderstorms in the afternoon. Highs 83 to 88 in the western
valleys to 88 to 93 near the foothills.
.MONDAY NIGHT...Mostly cloudy in the evening...becoming partly
cloudy. Slight chance of showers and thunderstorms. Lows 65 to
70.
.TUESDAY...Partly cloudy. Slight chance of showers and
thunderstorms in the afternoon. Highs 84 to 89 in the western
valleys to 88 to 93 near the foothills.
.TUESDAY NIGHT...Partly cloudy. Lows 66 to 71.
.WEDNESDAY...Partly cloudy. Slight chance of showers and
thunderstorms in the afternoon. Highs 84 to 89 in the western
valleys to 88 to 93 near the foothills.
.WEDNESDAY NIGHT...Partly cloudy. Lows 66 to 71.
.THURSDAY...Partly cloudy. Slight chance of showers and
thunderstorms in the afternoon. Highs 85 to 90 in the western
valleys to 89 to 94 near the foothills.
$$
CAZ048-060030-
San Bernardino and Riverside County Valleys-The Inland Empire-
Including the cities of Riverside, San Bernardino, Ontario,
Moreno Valley, Fontana, Rancho Cucamonga, and Corona
229 AM PDT Fri Aug 5 2022
.TODAY...Partly cloudy with a slight chance of showers and
thunderstorms. Highs 92 to 97. Light winds becoming west 15 mph
with gusts to 25 mph in the afternoon. Chance of measurable
precipitation 20 percent.
.TONIGHT...Partly cloudy in the evening...becoming mostly clear.
Lows 64 to 69. Areas of winds west 15 mph with gusts to 25 mph in
the evening becoming light.
.SATURDAY...Mostly sunny. Highs 95 to 100. Light winds becoming
west 15 mph with gusts to 25 mph in the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows 67 to 73. Areas of winds
west 15 mph with gusts to 25 mph in the evening becoming light.
.SUNDAY...Mostly sunny in the morning...becoming partly cloudy.
Highs 98 to 103. Light winds becoming southwest 15 mph with gusts
to 25 mph in the afternoon.
.SUNDAY NIGHT...Partly cloudy. Slight chance of showers and
thunderstorms overnight. Lows 68 to 74.
.MONDAY...Partly cloudy. Chance of showers and slight chance of
thunderstorms in the afternoon. Highs 94 to 99.
.MONDAY NIGHT...Partly cloudy with a slight chance of showers and
thunderstorms. Lows 68 to 73.
.TUESDAY...Partly cloudy. Chance of showers and slight chance of
thunderstorms in the afternoon. Highs 93 to 98.
.TUESDAY NIGHT...Partly cloudy. Lows 68 to 73.
.WEDNESDAY...Partly cloudy. Slight chance of showers and
thunderstorms in the afternoon. Highs 93 to 99.
.WEDNESDAY NIGHT...Partly cloudy. Lows 67 to 72.
.THURSDAY...Partly cloudy. Slight chance of showers and
thunderstorms in the afternoon. Highs 94 to 99.
$$
CAZ057-060030-
Santa Ana Mountains and Foothills-
229 AM PDT Fri Aug 5 2022
.TODAY...Partly cloudy. Warmer. Highs 85 to 95. Light winds
becoming west 15 mph in the afternoon.
.TONIGHT...Mostly clear. Lows 64 to 69. Areas of winds west
15 mph in the evening becoming light.
.SATURDAY...Mostly sunny. Highs 88 to 98. Light winds becoming
west 15 mph with gusts to 25 mph in the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows 66 to 73. Areas of winds
west 15 mph with gusts to 25 mph in the evening becoming light.
.SUNDAY...Mostly sunny in the morning...becoming partly cloudy.
Highs 90 to 100. Light winds becoming southwest 15 mph with gusts
to 25 mph in the afternoon.
.SUNDAY NIGHT...Partly cloudy. Lows 68 to 73.
.MONDAY...Partly cloudy. Chance of showers and slight chance of
thunderstorms in the afternoon. Highs 87 to 97.
.MONDAY NIGHT...Partly cloudy. Slight chance of showers and
thunderstorms in the evening. Lows 66 to 72.
.TUESDAY...Partly cloudy. Slight chance of showers and
thunderstorms in the afternoon. Highs 87 to 97.
.TUESDAY NIGHT...Partly cloudy. Lows 67 to 73.
.WEDNESDAY...Partly cloudy. Slight chance of showers and
thunderstorms in the afternoon. Highs 87 to 97.
.WEDNESDAY NIGHT...Partly cloudy. Lows 67 to 73.
.THURSDAY...Partly cloudy. Slight chance of showers and
thunderstorms in the afternoon. Highs 88 to 97.
$$
CAZ055-060030-
San Bernardino County Mountains-
Including the cities of Crestline, Lake Arrowhead, Big Bear City,
Big Bear Lake, Running Springs, and Wrightwood
229 AM PDT Fri Aug 5 2022
.TODAY...Partly cloudy. Slight chance of showers and
thunderstorms in the morning, then chance of showers and slight
chance of thunderstorms in the afternoon. Highs 72 to 79 above
6000 feet to 81 to 88 below 6000 feet. Light winds becoming
southwest 15 mph in the afternoon. Chance of measurable
precipitation 40 percent.
.TONIGHT...Partly cloudy with a slight chance of showers and
thunderstorms in the evening, then mostly clear overnight. Lows
52 to 62 above 6000 feet to 60 to 69 below 6000 feet. Areas of
winds west 15 mph in the evening becoming light. Chance of
measurable precipitation 20 percent.
.SATURDAY...Mostly sunny in the morning...becoming partly cloudy.
Highs 75 to 83 above 6000 feet to 84 to 91 below 6000 feet. Light
winds.
.SATURDAY NIGHT...Mostly clear. Lows 58 to 68. Light winds.
.SUNDAY...Mostly sunny in the morning, then partly cloudy with a
slight chance of showers and thunderstorms in the afternoon.
Highs 77 to 86 above 6000 feet to 86 to 94 below 6000 feet. Light
winds becoming south 15 mph with gusts to 25 mph in the
afternoon. Chance of measurable precipitation 20 percent.
.SUNDAY NIGHT...Partly cloudy with a slight chance of showers and
thunderstorms. Lows 59 to 69.
.MONDAY...Partly cloudy. Slight chance of showers and
thunderstorms in the morning, then chance of showers and slight
chance of thunderstorms in the afternoon. Highs 74 to 83 above
6000 feet to 83 to 91 below 6000 feet.
.MONDAY NIGHT...Partly cloudy. Chance of showers and
thunderstorms in the evening, then slight chance of showers and
thunderstorms overnight. Lows 57 to 67.
.TUESDAY...Partly cloudy. Chance of showers and slight chance of
thunderstorms in the afternoon. Highs 73 to 82 above 6000 feet to
82 to 89 below 6000 feet.
.TUESDAY NIGHT...Partly cloudy. Slight chance of showers and
thunderstorms in the evening. Lows 56 to 66.
.WEDNESDAY...Partly cloudy. Chance of showers and slight chance
of thunderstorms in the afternoon. Highs 73 to 82 above 6000 feet
to 81 to 88 below 6000 feet.
.WEDNESDAY NIGHT...Partly cloudy. Slight chance of showers and
thunderstorms in the evening. Lows 56 to 66.
.THURSDAY...Partly cloudy. Chance of showers and slight chance of
thunderstorms in the afternoon. Highs 73 to 83 above 6000 feet to
82 to 89 below 6000 feet.
$$
CAZ056-060030-
Riverside County Mountains-
Including the city of Idyllwild-Pine Cove
229 AM PDT Fri Aug 5 2022
.TODAY...Partly cloudy. Slight chance of showers and
thunderstorms in the morning, then chance of showers and slight
chance of thunderstorms in the afternoon. Highs 83 to 90. Light
winds becoming west 15 mph in the afternoon. Chance of measurable
precipitation 30 percent.
.TONIGHT...Partly cloudy in the evening...becoming mostly clear.
Lows 57 to 67. Areas of winds west 15 mph in the evening becoming
light.
.SATURDAY...Mostly sunny in the morning...becoming partly cloudy.
Highs 86 to 94. Light winds becoming west 15 mph in the
afternoon.
.SATURDAY NIGHT...Partly cloudy in the evening...becoming mostly
clear. Lows 61 to 71. Areas of winds northwest 15 mph in the
evening becoming light.
.SUNDAY...Mostly sunny in the morning, then partly cloudy with a
slight chance of showers and thunderstorms in the afternoon.
Highs 88 to 95. Light winds. Chance of measurable precipitation
20 percent.
.SUNDAY NIGHT...Partly cloudy with a slight chance of showers and
thunderstorms. Lows 60 to 70.
.MONDAY...Partly cloudy. Slight chance of showers and
thunderstorms in the morning, then chance of showers and slight
chance of thunderstorms in the afternoon. Highs 83 to 90.
.MONDAY NIGHT...Mostly cloudy with a chance of showers and
thunderstorms in the evening, then partly cloudy with a slight
chance of showers and thunderstorms overnight. Lows 58 to 68.
.TUESDAY...Partly cloudy. Chance of showers and slight chance of
thunderstorms in the afternoon. Highs 83 to 90.
.TUESDAY NIGHT...Partly cloudy. Slight chance of showers and
thunderstorms in the evening. Lows 58 to 68.
.WEDNESDAY...Partly cloudy. Chance of showers and slight chance
of thunderstorms in the afternoon. Highs 82 to 89.
.WEDNESDAY NIGHT...Partly cloudy. Slight chance of showers and
thunderstorms in the evening. Lows 58 to 68.
.THURSDAY...Partly cloudy. Chance of showers and slight chance of
thunderstorms in the afternoon. Highs 83 to 90.
$$
CAZ058-060030-
San Diego County Mountains-
Including the cities of Julian and Pine Valley
229 AM PDT Fri Aug 5 2022
.TODAY...Partly cloudy. Slight chance of showers and
thunderstorms in the afternoon. Highs 84 to 91. Light winds.
Chance of measurable precipitation 20 percent.
.TONIGHT...Partly cloudy in the evening...becoming mostly clear.
Lows 64 to 70. Areas of winds west 15 mph in the evening becoming
light.
.SATURDAY...Mostly sunny in the morning...becoming partly cloudy.
Highs 87 to 94. Light winds becoming west 15 mph in the
afternoon.
.SATURDAY NIGHT...Partly cloudy in the evening...becoming mostly
clear. Lows 68 to 74. Areas of winds northwest 15 mph in the
evening becoming light.
.SUNDAY...Mostly sunny in the morning, then partly cloudy with a
slight chance of showers and thunderstorms in the afternoon.
Highs 89 to 96. Light winds becoming southwest 15 mph in the
afternoon. Chance of measurable precipitation 20 percent.
.SUNDAY NIGHT...Partly cloudy with a slight chance of showers and
thunderstorms. Lows 68 to 73.
.MONDAY...Partly cloudy. Slight chance of showers and
thunderstorms in the morning, then chance of showers and slight
chance of thunderstorms in the afternoon. Highs 85 to 91.
.MONDAY NIGHT...Mostly cloudy with a chance of showers and
thunderstorms in the evening, then partly cloudy with a slight
chance of showers and thunderstorms overnight. Lows 66 to 72.
.TUESDAY...Partly cloudy in the morning, then mostly cloudy with
a chance of showers and slight chance of thunderstorms in the
afternoon. Highs 85 to 90.
.TUESDAY NIGHT...Partly cloudy. Slight chance of showers and
thunderstorms in the evening. Lows 66 to 72.
.WEDNESDAY...Partly cloudy. Chance of showers and slight chance
of thunderstorms in the afternoon. Highs 84 to 90.
.WEDNESDAY NIGHT...Partly cloudy. Slight chance of showers and
thunderstorms in the evening. Lows 66 to 72.
.THURSDAY...Partly cloudy. Chance of showers and slight chance of
thunderstorms in the afternoon. Highs 85 to 91.
$$
CAZ060-060030-
Apple and Lucerne Valleys-
Including the cities of Victorville, Hesperia, Apple Valley,
and Lucerne Valley
229 AM PDT Fri Aug 5 2022
.TODAY...Partly cloudy. Slight chance of showers and
thunderstorms in the morning, then chance of showers and slight
chance of thunderstorms in the afternoon. Highs 91 to 96. Light
winds becoming west 15 mph in the afternoon. Chance of measurable
precipitation 40 percent.
.TONIGHT...Partly cloudy in the evening...becoming mostly clear.
Lows 68 to 73. Areas of winds west 15 mph in the evening becoming
light.
.SATURDAY...Mostly sunny. Highs 95 to 100. Light winds.
.SATURDAY NIGHT...Mostly clear. Lows 71 to 76. Areas of winds
west 15 mph in the evening becoming light.
.SUNDAY...Mostly sunny. Highs 98 to 103. Light winds becoming
east 15 mph with gusts to 25 mph in the afternoon.
.SUNDAY NIGHT...Partly cloudy. Slight chance of showers and
thunderstorms in the evening. Lows 72 to 77.
.MONDAY...Partly cloudy. Chance of showers and slight chance of
thunderstorms in the afternoon. Highs 95 to 100.
.MONDAY NIGHT...Partly cloudy. Slight chance of showers and
thunderstorms in the evening. Lows 71 to 76.
.TUESDAY...Partly cloudy. Chance of showers and slight chance of
thunderstorms in the afternoon. Highs 94 to 99.
.TUESDAY NIGHT...Partly cloudy. Slight chance of showers and
thunderstorms in the evening. Lows 70 to 75.
.WEDNESDAY...Partly cloudy. Slight chance of showers and
thunderstorms in the afternoon. Highs 92 to 97.
.WEDNESDAY NIGHT...Partly cloudy. Slight chance of showers and
thunderstorms in the evening. Lows 70 to 75.
.THURSDAY...Partly cloudy. Slight chance of showers and
thunderstorms in the afternoon. Highs 93 to 98.
$$
CAZ065-060030-
San Gorgonio Pass Near Banning-
Including the cities of Banning and Desert Hot Springs
229 AM PDT Fri Aug 5 2022
.TODAY...Partly cloudy. Chance of showers and slight chance of
thunderstorms in the afternoon. Highs around 97 through the pass
to 99 to 104 in the northern Coachella Valley. Light winds
becoming west 15 mph with gusts to 30 mph in the afternoon.
Chance of measurable precipitation 30 percent.
.TONIGHT...Partly cloudy in the evening...becoming mostly clear.
Lows around 74 through the pass to 83 in the northern Coachella
Valley. Areas of winds west 15 to 25 mph. Gusts to 40 mph...
becoming 35 mph overnight.
.SATURDAY...Mostly sunny. Highs around 100 through the pass to
103 to 108 in the northern Coachella Valley. Areas of winds west
15 mph with gusts to 25 mph.
.SATURDAY NIGHT...Mostly clear. Lows 78 to 87. Areas of winds
northwest 15 to 25 mph with gusts to 35 mph.
.SUNDAY...Mostly sunny in the morning, then partly cloudy with a
slight chance of showers and thunderstorms in the afternoon.
Highs around 102 through the pass to 103 to 108 in the northern
Coachella Valley. Light winds becoming south 15 mph with gusts to
25 mph in the afternoon. Chance of measurable precipitation
20 percent.
.SUNDAY NIGHT...Partly cloudy with a slight chance of showers and
thunderstorms. Breezy. Lows 77 to 84.
.MONDAY...Partly cloudy. Slight chance of showers and
thunderstorms in the morning, then chance of showers and slight
chance of thunderstorms in the afternoon. Highs 97 to 102.
.MONDAY NIGHT...Partly cloudy. Chance of showers and
thunderstorms in the evening, then slight chance of showers and
thunderstorms overnight. Lows 76 to 84.
.TUESDAY...Partly cloudy. Chance of showers and slight chance of
thunderstorms in the afternoon. Highs 97 to 102.
.TUESDAY NIGHT...Partly cloudy. Slight chance of showers and
thunderstorms in the evening. Lows 76 to 84.
.WEDNESDAY...Partly cloudy. Chance of showers and slight chance
of thunderstorms in the afternoon. Highs 95 to 100.
.WEDNESDAY NIGHT...Partly cloudy. Slight chance of showers and
thunderstorms in the evening. Lows 76 to 85.
.THURSDAY...Partly cloudy. Chance of showers and slight chance of
thunderstorms in the afternoon. Highs around 97 through the pass
to 98 to 103 in the northern Coachella Valley.
$$
CAZ061-060030-
Coachella Valley-
Including the cities of Indio, Palm Springs, Cathedral City,
Palm Desert, Palm Desert Country, La Quinta, and Coachella
229 AM PDT Fri Aug 5 2022
.TODAY...Partly cloudy. Slight chance of showers and
thunderstorms in the afternoon. Highs around 104. Light winds.
Chance of measurable precipitation 20 percent.
.TONIGHT...Partly cloudy in the evening...becoming mostly clear.
Lows 81 to 86. Areas of winds northwest 15 mph with gusts to
25 mph.
.SATURDAY...Mostly sunny. Highs around 108. Light winds.
.SATURDAY NIGHT...Partly cloudy in the evening...becoming mostly
clear. Lows 83 to 88. Areas of winds northwest 15 mph with gusts
to 25 mph.
.SUNDAY...Mostly sunny in the morning, then partly cloudy with a
slight chance of showers and thunderstorms in the afternoon.
Highs around 107. Areas of winds southeast 15 mph in the morning
becoming light. Chance of measurable precipitation 20 percent.
.SUNDAY NIGHT...Partly cloudy with a slight chance of showers and
thunderstorms. Lows 81 to 86.
.MONDAY...Partly cloudy. Slight chance of showers and
thunderstorms in the morning, then chance of showers and slight
chance of thunderstorms in the afternoon. Highs 100 to 105.
.MONDAY NIGHT...Partly cloudy. Chance of showers and
thunderstorms in the evening, then slight chance of showers and
thunderstorms overnight. Lows 81 to 86.
.TUESDAY...Partly cloudy. Chance of showers and slight chance of
thunderstorms in the afternoon. Highs around 103.
.TUESDAY NIGHT...Partly cloudy. Slight chance of showers and
thunderstorms in the evening. Lows 81 to 86.
.WEDNESDAY...Partly cloudy. Slight chance of showers and
thunderstorms in the afternoon. Highs around 101.
.WEDNESDAY NIGHT...Partly cloudy. Slight chance of showers and
thunderstorms in the evening. Lows 82 to 87.
.THURSDAY...Partly cloudy. Slight chance of showers and
thunderstorms in the afternoon. Highs around 103.
$$
CAZ062-060030-
San Diego County Deserts-
Including the city of Borrego Springs
229 AM PDT Fri Aug 5 2022
.TODAY...Partly cloudy. Slight chance of showers and
thunderstorms in the afternoon. Highs 102 to 107. Light winds.
Chance of measurable precipitation 20 percent.
.TONIGHT...Partly cloudy in the evening...becoming mostly clear.
Lows 82 to 87. Areas of winds west 15 mph. Gusts to 30 mph...
becoming 25 mph overnight.
.SATURDAY...Mostly sunny in the morning...becoming partly cloudy.
Highs 106 to 111. Light winds.
.SATURDAY NIGHT...Mostly clear. Lows 84 to 89. Areas of winds
northwest 15 mph. Gusts to 30 mph...becoming 25 mph overnight.
.SUNDAY...Mostly sunny in the morning, then partly cloudy with a
slight chance of showers and thunderstorms in the afternoon.
Highs 106 to 111. Light winds. Chance of measurable precipitation
20 percent.
.SUNDAY NIGHT...Partly cloudy with a slight chance of showers and
thunderstorms. Lows 82 to 87.
.MONDAY...Partly cloudy. Slight chance of showers and
thunderstorms in the morning, then chance of showers and slight
chance of thunderstorms in the afternoon. Highs 100 to 105.
.MONDAY NIGHT...Partly cloudy. Chance of showers and
thunderstorms in the evening, then slight chance of showers and
thunderstorms overnight. Lows 82 to 87.
.TUESDAY...Partly cloudy. Chance of showers and slight chance of
thunderstorms in the afternoon. Highs 101 to 106.
.TUESDAY NIGHT...Partly cloudy. Slight chance of showers and
thunderstorms in the evening. Lows 82 to 87.
.WEDNESDAY...Partly cloudy. Slight chance of showers and
thunderstorms in the afternoon. Highs 100 to 105.
.WEDNESDAY NIGHT...Partly cloudy. Slight chance of showers and
thunderstorms in the evening. Lows 83 to 88.
.THURSDAY...Partly cloudy. Slight chance of showers and
thunderstorms in the afternoon. Highs 102 to 107.
$$
17
_____
Copyright 2022 AccuWeather
|
https://www.myjournalcourier.com/weather/article/CA-San-Diego-CA-Zone-Forecast-17353719.php
| 2022-08-05T11:11:32
|
en
| 0.892393
|
A long-shot Democratic candidate in Wisconsin is running for the U.S. Senate — he is hoping to capture favor with voters who are sick of polarization and partisan demonization.
Copyright 2022 NPR
A long-shot Democratic candidate in Wisconsin is running for the U.S. Senate — he is hoping to capture favor with voters who are sick of polarization and partisan demonization.
Copyright 2022 NPR
|
https://www.kunm.org/npr-news/npr-news/2022-08-05/steven-olikara-is-the-aspiring-dark-horse-in-the-race-to-unseat-gop-sen-ron-johnson
| 2022-08-05T11:11:34
|
en
| 0.938438
|
BOSTON, Aug. 5, 2022 /PRNewswire/ -- Ceres submitted comments today to the Fed, the FDIC, and the OCC urging the agencies to modernize the Community Reinvestment Act (CRA) by explicitly incorporating racial equity and strengthening environmental and climate provisions. This NPR represents the most significant changes to the CRA regulations in over 20 years.
The CRA requires federal banking regulators to encourage financial institutions to help meet the credit needs of the communities in which they do business, with a focus on low- and moderate-income (LMI) neighborhoods. Ceres' submission is in response to requests for comments on the interagency notice of proposed rulemaking (NPR) on updating the CRA.
"Climate change exacerbates racial and economic inequality and frustrates the purpose of the CRA to end the nation's long and painful history of lending discrimination against and the resulting disinvestment in communities of color and other financially vulnerable communities," Ceres wrote in its comments.
Ceres recommends the rule contains the following provisions:
- Explicitly including the race of the borrower and community as a metric to ensure historically redlined communities, and those vulnerable to climate change, have improved access to credit and services.
- Having banks leverage available data tools to understand where climate vulnerable communities are found within assessment areas and work towards driving investment to those communities.
- A revised definition of community development activities to more effectively target activities to communities in need. Ceres supports the NPR's addition of the disaster preparedness and climate resiliency definition under community development (CD) activities and an expanded, though non-exhaustive, list of eligible climate-related activities.
- Measuring the impact of community development activities as well as establishing benchmarks and metrics to assess the strength of community development financing.
- Encouraging banks to increase community engagement and relationship-building with climate and environmental justice organizations.
- Avoiding adverse impacts to LMI communities from community development activities receiving CRA credit. Any activities that contribute to demonstrable adverse impacts or disproportionate consequences, such as displacement, predatory lending, and increased environmental hazards, should not receive credit, and should result in ratings downgrades.
- Ensuring changes to assessment areas sufficiently capture online lending and deposit activity, particularly in smaller metropolitan areas and rural counties.
- No changes to the asset threshold for small and intermediate small banks. This would decrease CRA responsibility for 20% of all banks, reducing community development financing and branching in LMI communities.
Media Contact: Reginald Zimmerman
Original Publication
SOURCE Ceres
|
https://www.prnewswire.com/news-releases/ceres-calls-on-federal-banking-regulators-to-strengthen-racial-and-climate-equity-in-the-community-reinvestment-act-301600516.html
| 2022-08-05T11:11:35
|
en
| 0.938078
|
CA San Francisco Bay Area Zone Forecast for Thursday, August 4, 2022
_____
709 FPUS56 KMTR 051001
ZFPMTR
San Francisco Bay Area/Central California Zone Forecast
National Weather Service San Francisco Bay Area
301 AM PDT Fri Aug 5 2022
This is an automatically generated product that provides average
values for large geographic areas. For a more site specific
forecast...please visit weather.gov/sanfrancisco
(1) Select a location from the drop down menu above the map...
-- or --
(2) Click a location on the map.
You can refine your selection by clicking on the map displayed on
the resulting page.
CAZ505-060100-
Coastal North Bay...Including Point Reyes National Seashore-
301 AM PDT Fri Aug 5 2022
.REST OF TONIGHT...Cloudy. Lows in the mid 50s. South winds 5 to
10 mph.
.FRIDAY...Mostly cloudy. Highs in the mid 60s. South winds 5 to
15 mph.
.FRIDAY NIGHT...Mostly cloudy. Patchy fog. Lows in the mid 50s.
Southwest winds 5 to 10 mph.
.SATURDAY...Mostly cloudy in the morning then becoming partly
cloudy. Patchy fog in the morning. Highs in the mid 60s.
Southwest winds 5 to 10 mph.
.SATURDAY NIGHT...Partly cloudy in the evening then becoming
mostly cloudy. Patchy fog after midnight. Lows in the mid 50s.
West winds 10 to 15 mph.
.SUNDAY...Partly cloudy. Highs in the 60s.
.SUNDAY NIGHT THROUGH TUESDAY NIGHT...Partly cloudy. Lows in the
mid 50s. Highs in the 60s to lower 70s.
.WEDNESDAY THROUGH THURSDAY...Mostly clear. Highs in the 60s to
mid 70s. Lows in the mid 50s.
TEMPERATURE / PRECIPITATION
Point Reyes 54 67 57 67 / 0 0 0 0
$$
CAZ503-060100-
Sonoma Coastal Range-
301 AM PDT Fri Aug 5 2022
.REST OF TONIGHT...Partly cloudy. Lows in the mid 50s. Southeast
winds 5 to 10 mph.
.FRIDAY...Partly cloudy in the morning then becoming sunny.
Patchy fog in the morning. Highs in the upper 70s. South winds
10 to 15 mph.
.FRIDAY NIGHT...Mostly clear in the evening then becoming mostly
cloudy. Patchy fog after midnight. Lows in the mid 50s. South
winds 5 to 10 mph.
.SATURDAY...Mostly cloudy in the morning then becoming sunny.
Patchy fog in the morning. Highs in the upper 70s. South winds
5 to 10 mph.
.SATURDAY NIGHT...Mostly clear in the evening then becoming
partly cloudy. Lows in the lower 50s. West winds 5 to 10 mph.
.SUNDAY...Sunny. Highs around 80.
.SUNDAY NIGHT...Clear. Lows in the mid 50s.
.MONDAY...Sunny. Highs in the lower 80s.
.MONDAY NIGHT...Clear. Lows in the mid 50s.
.TUESDAY...Sunny. Highs in the lower 80s.
.TUESDAY NIGHT...Clear. Lows in the mid 50s.
.WEDNESDAY THROUGH THURSDAY...Mostly clear. Highs in the mid 80s.
Lows in the mid 50s.
$$
CAZ502-060100-
Marin Coastal Range-
301 AM PDT Fri Aug 5 2022
.REST OF TONIGHT...Mostly cloudy. Lows in the mid 50s. Southwest
winds around 15 mph.
.FRIDAY...Mostly cloudy in the morning then becoming partly
cloudy. Highs in the lower 70s. Southwest winds 10 to 20 mph.
.FRIDAY NIGHT...Partly cloudy in the evening then becoming mostly
cloudy. Lows in the mid 50s. Southwest winds 10 to 20 mph.
.SATURDAY...Mostly cloudy in the morning then becoming sunny.
Highs in the mid 70s. Southwest winds 5 to 15 mph.
.SATURDAY NIGHT...Clear in the evening then becoming partly
cloudy. Lows in the upper 50s. West winds 10 to 20 mph.
.SUNDAY...Partly cloudy in the morning then becoming sunny. Highs
in the mid 70s.
.SUNDAY NIGHT THROUGH THURSDAY...Mostly clear. Lows in the upper
50s. Highs in the mid 70s to lower 80s.
$$
CAZ506-060100-
North Bay Interior Valleys-
301 AM PDT Fri Aug 5 2022
.REST OF TONIGHT...Mostly cloudy. Patchy fog. Lows in the 50s.
Southwest winds 10 to 20 mph.
.FRIDAY...Mostly cloudy in the morning then becoming partly
cloudy. Highs in the mid 60s to lower 80s. Southwest winds 10 to
20 mph.
.FRIDAY NIGHT...Partly cloudy in the evening then becoming mostly
cloudy. Patchy fog after midnight. Lows in the 50s to lower 60s.
Southwest winds 10 to 20 mph.
.SATURDAY...Mostly cloudy in the morning then becoming sunny.
Patchy fog in the morning. Highs in the upper 60s to mid 80s.
Southwest winds 5 to 10 mph increasing to 10 to 20 mph in the
afternoon.
.SATURDAY NIGHT...Clear in the evening then becoming partly
cloudy. Patchy fog after midnight. Lows in the 50s. West winds
10 to 20 mph.
.SUNDAY...Partly cloudy in the morning then becoming sunny. Highs
in the lower 70s to mid 80s.
.SUNDAY NIGHT THROUGH THURSDAY...Mostly clear. Lows in the 50s.
Highs in the 70s to 80s.
TEMPERATURE / PRECIPITATION
Santa Rosa 54 78 56 80 / 0 0 0 0
San Rafael 59 79 59 82 / 0 0 0 0
Napa 57 75 56 78 / 0 0 0 0
$$
CAZ504-060100-
North Bay Interior Mountains-
301 AM PDT Fri Aug 5 2022
.REST OF TONIGHT...Mostly cloudy. Lows in the 50s to mid 60s.
Southwest winds 10 to 20 mph.
.FRIDAY...Partly cloudy. Highs in the lower 70s to mid 80s.
Southwest winds 10 to 15 mph.
.FRIDAY NIGHT...Mostly clear in the evening then becoming partly
cloudy. Lows in the mid 50s to lower 60s. Southwest winds 10 to
20 mph.
.SATURDAY...Sunny. Highs in the 70s to 80s. Southwest winds 5 to
10 mph.
.SATURDAY NIGHT...Mostly clear. Lows in the mid 50s to lower 60s.
West winds 10 to 20 mph.
.SUNDAY...Sunny. Highs in the 70s to 80s.
.SUNDAY NIGHT...Clear. Lows in the mid 50s to lower 60s.
.MONDAY THROUGH TUESDAY...Mostly clear. Highs in the 70s to 80s.
Lows in the mid 50s to lower 60s.
.TUESDAY NIGHT...Clear. Lows in the mid 50s to lower 60s.
.WEDNESDAY THROUGH THURSDAY...Mostly clear. Highs in the upper
70s to lower 90s. Lows in the upper 50s to mid 60s.
TEMPERATURE / PRECIPITATION
Lake Berryessa 64 83 61 86 / 0 0 0 0
$$
CAZ006-060100-
San Francisco-
301 AM PDT Fri Aug 5 2022
.REST OF TONIGHT...Mostly cloudy. Lows in the upper 50s.
Southwest winds 10 to 20 mph.
.FRIDAY...Mostly cloudy. Highs in the 60s to lower 70s. Southwest
winds 10 to 20 mph.
.FRIDAY NIGHT...Mostly cloudy. Lows in the upper 50s. Southwest
winds 10 to 20 mph.
.SATURDAY...Mostly cloudy in the morning then becoming partly
cloudy. Highs in the 60s to lower 70s. Southwest winds 5 to
10 mph...becoming west 10 to 20 mph in the afternoon.
.SATURDAY NIGHT...Partly cloudy in the evening then becoming
mostly cloudy. Lows in the upper 50s. West winds 10 to 20 mph.
.SUNDAY...Mostly cloudy in the morning then becoming partly
cloudy. Highs in the 60s to lower 70s.
.SUNDAY NIGHT THROUGH THURSDAY...Partly cloudy. Lows in the upper
50s. Highs in the 60s to lower 70s.
TEMPERATURE / PRECIPITATION
San Francisco 57 69 59 68 / 0 0 0 0
Ocean Beach 56 65 58 65 / 0 0 0 0
$$
CAZ509-060100-
San Francisco Peninsula Coast-
301 AM PDT Fri Aug 5 2022
.REST OF TONIGHT...Mostly cloudy. Lows in the upper 50s. South
winds 5 to 15 mph.
.FRIDAY...Mostly cloudy. Highs in the upper 60s. South winds 5 to
15 mph.
.FRIDAY NIGHT...Mostly cloudy. Patchy fog after midnight. Lows in
the upper 50s. Southwest winds 5 to 15 mph.
.SATURDAY...Mostly cloudy in the morning then becoming partly
cloudy. Patchy fog in the morning. Highs in the upper 60s. West
winds 5 to 10 mph.
.SATURDAY NIGHT...Partly cloudy in the evening then becoming
mostly cloudy. Lows in the mid 50s. West winds 5 to 15 mph.
.SUNDAY...Mostly cloudy in the morning then becoming partly
cloudy. Highs in the upper 60s.
.SUNDAY NIGHT THROUGH MONDAY NIGHT...Mostly cloudy. Lows in the
upper 50s. Highs in the mid to upper 60s.
.TUESDAY...Partly cloudy. Highs in the upper 60s.
.TUESDAY NIGHT...Mostly cloudy. Lows in the upper 50s.
.WEDNESDAY THROUGH THURSDAY...Partly cloudy. Highs in the mid 60s
to lower 70s. Lows in the upper 50s.
$$
CAZ508-060100-
San Francisco Bay Shoreline-
301 AM PDT Fri Aug 5 2022
.REST OF TONIGHT...Mostly cloudy. Lows in the lower 60s.
Northwest winds 5 to 10 mph.
.FRIDAY...Mostly cloudy in the morning then becoming partly
cloudy. Highs in the mid 70s to lower 80s. West winds 5 to
15 mph.
.FRIDAY NIGHT...Partly cloudy in the evening then becoming mostly
cloudy. Lows in the lower 60s. West winds 5 to 15 mph.
.SATURDAY...Mostly cloudy in the morning then becoming sunny.
Highs in the 70s to lower 80s. West winds 5 to 15 mph.
.SATURDAY NIGHT...Clear in the evening then becoming mostly
cloudy. Lows around 60. West winds 5 to 15 mph.
.SUNDAY...Mostly cloudy in the morning then becoming sunny. Highs
in the 70s.
.SUNDAY NIGHT...Clear in the evening then becoming partly cloudy.
Lows around 60.
.MONDAY THROUGH WEDNESDAY...Partly cloudy. Highs in the 70s to
lower 80s. Lows around 60.
.WEDNESDAY NIGHT...Mostly clear in the evening then becoming
partly cloudy. Lows around 60.
.THURSDAY...Partly cloudy in the morning then becoming sunny.
Highs in the mid 70s to lower 80s.
TEMPERATURE / PRECIPITATION
SFO Airport 59 74 61 73 / 0 0 0 0
Oakland 59 74 61 72 / 0 0 0 0
Fremont 62 79 61 75 / 0 0 0 0
Redwood City 60 81 60 80 / 0 0 0 0
Mountain View 61 76 61 73 / 0 0 0 0
$$
CAZ510-060100-
East Bay Interior Valleys-
301 AM PDT Fri Aug 5 2022
.REST OF TONIGHT...Mostly cloudy. Lows in the lower 60s. West
winds 5 to 10 mph.
.FRIDAY...Mostly cloudy in the morning then becoming partly
cloudy. Highs in the mid 80s. West winds 5 to 15 mph.
.FRIDAY NIGHT...Partly cloudy. Lows in the lower 60s. West winds
5 to 15 mph.
.SATURDAY...Partly cloudy in the morning then becoming sunny.
Highs in the upper 80s. West winds 5 to 10 mph.
.SATURDAY NIGHT...Mostly clear. Lows in the upper 50s. West winds
5 to 15 mph.
.SUNDAY...Sunny. Highs in the 80s.
.SUNDAY NIGHT...Clear. Lows around 60.
.MONDAY THROUGH WEDNESDAY NIGHT...Mostly clear. Highs in the 80s
to lower 90s. Lows in the lower 60s.
.THURSDAY...Sunny. Highs in the lower 90s.
TEMPERATURE / PRECIPITATION
Concord 62 84 60 85 / 0 0 0 0
Livermore 61 85 59 85 / 0 0 0 0
$$
CAZ513-060100-
Santa Clara Valley...including San Jose-
301 AM PDT Fri Aug 5 2022
.REST OF TONIGHT...Mostly cloudy. Lows in the lower 60s. South
winds around 5 mph.
.FRIDAY...Mostly cloudy in the morning then becoming partly
cloudy. Highs in the lower 80s. Southeast winds around 5 mph...
becoming southwest 5 to 15 mph in the afternoon.
.FRIDAY NIGHT...Partly cloudy in the evening then becoming mostly
cloudy. Lows around 60. Northwest winds 5 to 15 mph...becoming
southwest around 5 mph after midnight.
.SATURDAY...Mostly cloudy in the morning then becoming sunny.
Highs in the upper 70s to mid 80s. South winds around 5 mph...
becoming west in the afternoon.
.SATURDAY NIGHT...Clear in the evening then becoming partly
cloudy. Lows in the upper 50s. West winds 5 to 15 mph.
.SUNDAY...Partly cloudy in the morning then becoming sunny. Highs
in the 70s to upper 80s.
.SUNDAY NIGHT...Clear in the evening then becoming partly cloudy.
Lows in the upper 50s.
.MONDAY...Mostly cloudy in the morning then becoming sunny. Highs
in the 70s to upper 80s.
.MONDAY NIGHT...Mostly clear in the evening then becoming partly
cloudy. Lows in the upper 50s.
.TUESDAY THROUGH WEDNESDAY...Partly cloudy. Highs in the 80s to
lower 90s. Lows around 60.
.WEDNESDAY NIGHT AND THURSDAY...Mostly clear. Lows in the lower
60s. Highs in the 80s to lower 90s.
TEMPERATURE / PRECIPITATION
San Jose 63 81 61 79 / 0 0 0 0
Morgan Hill 59 83 59 86 / 0 0 0 0
$$
CAZ512-060100-
Santa Cruz Mountains-
301 AM PDT Fri Aug 5 2022
.REST OF TONIGHT...Mostly cloudy. Lows in the 50s to mid 60s.
South winds 5 to 10 mph.
.FRIDAY...Mostly cloudy in the morning then becoming partly
cloudy. Highs in the lower to mid 70s. Southwest winds 5 to
15 mph.
.FRIDAY NIGHT...Partly cloudy in the evening then becoming mostly
cloudy. Lows in the mid 50s to lower 60s. Southwest winds 5 to
10 mph.
.SATURDAY...Partly cloudy in the morning then becoming sunny.
Highs in the 70s to lower 80s. South winds around 5 mph...
becoming west in the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows in the 50s to mid 60s.
Northwest winds 5 to 10 mph.
.SUNDAY...Sunny. Highs in the 70s to lower 80s.
.SUNDAY NIGHT THROUGH THURSDAY...Mostly clear. Lows in the mid
50s to upper 60s. Highs in the 70s to 80s.
$$
CAZ515-060100-
East Bay Hills-
301 AM PDT Fri Aug 5 2022
.REST OF TONIGHT...Mostly cloudy. Lows in the lower 60s.
Southwest winds around 20 mph.
.FRIDAY...Mostly cloudy in the morning then becoming partly
cloudy. Highs in the lower 80s. Southwest winds around 20 mph.
.FRIDAY NIGHT...Partly cloudy. Lows in the upper 50s. Southwest
winds around 20 mph.
.SATURDAY...Partly cloudy in the morning then becoming sunny.
Highs in the mid 80s. Southwest winds 10 to 20 mph.
.SATURDAY NIGHT...Mostly clear. Lows in the upper 50s. Southwest
winds around 20 mph.
.SUNDAY...Sunny. Highs in the lower 80s.
.SUNDAY NIGHT THROUGH WEDNESDAY NIGHT...Mostly clear. Lows around
60. Highs in the mid 80s.
.THURSDAY...Sunny. Highs in the upper 80s.
$$
CAZ514-060100-
Eastern Santa Clara Hills-
301 AM PDT Fri Aug 5 2022
.REST OF TONIGHT...Mostly cloudy. Lows in the 60s to lower 70s.
Southwest winds 5 to 10 mph.
.FRIDAY...Mostly cloudy in the morning then becoming partly
cloudy. Highs around 80. South winds 5 to 15 mph.
.FRIDAY NIGHT...Partly cloudy in the evening then becoming mostly
clear. Lows in the 50s to mid 60s. Southwest winds 5 to 10 mph.
.SATURDAY...Sunny. Highs in the lower 80s. South winds 5 to
10 mph.
.SATURDAY NIGHT...Mostly clear. Lows in the 50s to upper 60s.
Southwest winds 5 to 10 mph.
.SUNDAY...Sunny. Highs in the lower 80s.
.SUNDAY NIGHT THROUGH WEDNESDAY NIGHT...Mostly clear. Lows in the
upper 50s to lower 70s. Highs in the lower 80s.
.THURSDAY...Sunny. Highs in the mid 80s.
$$
CAZ529-060100-
Northern Monterey Bay-
301 AM PDT Fri Aug 5 2022
.REST OF TONIGHT...Cloudy. Patchy fog. Lows in the upper 50s.
Light winds.
.FRIDAY...Mostly cloudy in the morning then becoming partly
cloudy. Patchy fog in the morning. Highs in the lower 70s.
Southwest winds 5 to 15 mph.
.FRIDAY NIGHT...Mostly cloudy. Patchy fog. Lows in the upper 50s.
Southwest winds 10 to 15 mph decreasing to around 5 mph after
midnight.
.SATURDAY...Mostly cloudy in the morning then becoming sunny.
Patchy fog in the morning. Highs in the lower to mid 70s.
Southwest winds 5 to 15 mph.
.SATURDAY NIGHT...Mostly clear in the evening then becoming
partly cloudy. Patchy fog after midnight. Lows in the mid 50s.
Southwest winds 5 to 10 mph...becoming northeast after midnight.
.SUNDAY...Partly cloudy in the morning then becoming sunny.
Patchy fog. Highs in the 70s.
.SUNDAY NIGHT...Mostly clear in the evening then becoming partly
cloudy. Lows in the mid 50s.
.MONDAY...Partly cloudy in the morning then becoming sunny. Highs
in the 70s.
.MONDAY NIGHT...Mostly clear in the evening then becoming partly
cloudy. Lows in the mid 50s.
.TUESDAY...Partly cloudy in the morning then becoming sunny.
Highs in the mid to upper 70s.
.TUESDAY NIGHT AND WEDNESDAY...Partly cloudy. Lows in the mid
50s. Highs in the upper 70s.
.WEDNESDAY NIGHT AND THURSDAY...Mostly clear. Lows in the mid
50s. Highs in the mid 70s to lower 80s.
TEMPERATURE / PRECIPITATION
Santa Cruz 57 72 56 76 / 0 0 0 0
$$
CAZ530-060100-
Southern Monterey Bay and Big Sur Coast-
301 AM PDT Fri Aug 5 2022
.REST OF TONIGHT...Mostly cloudy. Patchy fog. Lows in the upper
50s. Northwest winds around 5 mph.
.FRIDAY...Mostly cloudy. Patchy fog in the morning. Highs in the
upper 60s to mid 70s. West winds 5 to 15 mph.
.FRIDAY NIGHT...Mostly cloudy. Lows in the mid 50s to lower 60s.
West winds 5 to 10 mph.
.SATURDAY...Mostly cloudy in the morning then becoming sunny.
Highs around 70. Northwest winds 10 to 20 mph.
.SATURDAY NIGHT...Mostly clear in the evening then becoming
partly cloudy. Lows in the upper 50s. West winds 10 to 20 mph.
.SUNDAY...Partly cloudy in the morning then becoming sunny. Highs
around 70.
.SUNDAY NIGHT THROUGH TUESDAY NIGHT...Partly cloudy. Lows in the
upper 50s. Highs in the lower 70s.
.WEDNESDAY THROUGH THURSDAY...Mostly clear. Highs in the lower
70s. Lows in the upper 50s.
TEMPERATURE / PRECIPITATION
Monterey 59 74 60 71 / 0 0 0 0
Big Sur 56 71 54 73 / 0 0 0 0
$$
CAZ528-060100-
Northern Salinas Valley...Hollister Valley...and Carmel Valley-
301 AM PDT Fri Aug 5 2022
.REST OF TONIGHT...Mostly cloudy. Lows in the upper 50s.
Northwest winds around 5 mph.
.FRIDAY...Mostly cloudy in the morning then becoming partly
cloudy. Highs in the 70s to lower 80s. Northwest winds around
5 mph increasing to west 10 to 20 mph in the afternoon.
.FRIDAY NIGHT...Mostly cloudy. Lows in the upper 50s. West winds
10 to 20 mph...becoming northwest around 5 mph after midnight.
.SATURDAY...Mostly cloudy in the morning then becoming sunny.
Highs in the 70s. Northwest winds 5 to 15 mph.
.SATURDAY NIGHT...Mostly clear in the evening then becoming
mostly cloudy. Lows in the upper 50s. West winds 10 to 20 mph...
becoming 5 to 10 mph after midnight.
.SUNDAY...Mostly cloudy in the morning then becoming sunny. Highs
in the upper 60s to lower 80s.
.SUNDAY NIGHT THROUGH WEDNESDAY...Partly cloudy. Lows in the
upper 50s. Highs in the lower 70s to mid 80s.
.WEDNESDAY NIGHT AND THURSDAY...Mostly clear. Lows in the upper
50s. Highs in the 70s to mid 80s.
TEMPERATURE / PRECIPITATION
Salinas 57 71 57 70 / 0 0 0 0
Carmel Valley 57 80 56 79 / 0 0 0 0
Hollister 58 77 57 78 / 0 0 0 0
$$
CAZ516-060100-
Southern Salinas Valley...Arroyo Seco...and Lake San Antonio-
301 AM PDT Fri Aug 5 2022
.REST OF TONIGHT...Mostly cloudy. Lows in the upper 50s. Light
winds.
.FRIDAY...Mostly cloudy in the morning then becoming partly
cloudy. Highs in the 80s. Light winds...becoming west 10 to
20 mph in the afternoon.
.FRIDAY NIGHT...Partly cloudy in the evening then becoming mostly
cloudy. Patchy fog after midnight. Lows in the mid 50s. Northwest
winds 10 to 20 mph decreasing to around 5 mph after midnight.
.SATURDAY...Mostly cloudy in the morning then becoming sunny.
Highs in the 80s to mid 90s. Northwest winds 5 to 10 mph.
.SATURDAY NIGHT...Mostly clear. Lows in the mid 50s. Northwest
winds 10 to 20 mph decreasing to around 5 mph after midnight.
.SUNDAY...Sunny. Highs in the mid 80s to upper 90s.
.SUNDAY NIGHT THROUGH THURSDAY...Mostly clear. Lows in the mid
50s to lower 60s. Highs mid 80s to 101.
TEMPERATURE / PRECIPITATION
King City 56 83 54 85 / 10 0 0 0
$$
CAZ517-060100-
Santa Lucia Mountains and Los Padres National Forest-
301 AM PDT Fri Aug 5 2022
.REST OF TONIGHT...Mostly cloudy. Lows in the mid 50s to upper
60s. Southwest winds 5 to 10 mph.
.FRIDAY...Mostly cloudy in the morning then becoming partly
cloudy. Highs in the lower 70s to mid 80s. South winds 5 to
10 mph increasing to 10 to 20 mph in the afternoon.
.FRIDAY NIGHT...Partly cloudy in the evening then becoming mostly
clear. Lows in the lower 50s to mid 60s. South winds 5 to 15 mph.
.SATURDAY...Sunny. Highs in the mid 70s to lower 90s. Southeast
winds 5 to 10 mph...becoming east in the afternoon.
.SATURDAY NIGHT...Clear. Lows in the 50s to 60s. Northwest winds
10 to 20 mph...becoming southeast 10 to 15 mph after midnight.
.SUNDAY...Sunny. Highs in the upper 70s to lower 90s.
.SUNDAY NIGHT...Clear. Lows in the mid 50s to upper 60s.
.MONDAY THROUGH THURSDAY...Mostly clear. Highs in the upper 70s
to mid 90s. Lows in the mid 50s to lower 70s.
$$
CAZ518-060100-
Mountains of San Benito and Interior Monterey County including
Pinnacles National Park-
301 AM PDT Fri Aug 5 2022
.REST OF TONIGHT...Mostly cloudy. Lows in the 50s to upper 60s.
Southwest winds 5 to 10 mph.
.FRIDAY...Mostly cloudy. Highs in the mid 70s to upper 80s.
Southwest winds 5 to 15 mph.
.FRIDAY NIGHT...Mostly cloudy in the evening then becoming partly
cloudy. Lows in the mid 50s to lower 60s. West winds 10 to
20 mph...becoming 5 to 10 mph after midnight.
.SATURDAY...Sunny. Highs in the upper 70s to lower 90s. South
winds 5 to 10 mph...becoming west 10 to 15 mph in the afternoon.
.SATURDAY NIGHT...Clear. Lows in the 50s to mid 60s. Northwest
winds 10 to 20 mph.
.SUNDAY...Sunny. Highs in the lower 80s to mid 90s.
.SUNDAY NIGHT THROUGH THURSDAY...Mostly clear. Lows in the mid
50s to upper 60s. Highs in the 80s to 90s.
TEMPERATURE / PRECIPITATION
Pinnacles NP 59 89 54 91 / 10 0 0 0
$$
Visit us at www.weather.gov/sanfrancisco
Follow us on Facebook and Twitter at:
_____
Copyright 2022 AccuWeather
|
https://www.myjournalcourier.com/weather/article/CA-San-Francisco-Bay-Area-Zone-Forecast-17353767.php
| 2022-08-05T11:11:38
|
en
| 0.904631
|
KANDAHAR, Afghanistan — On the day a U.S. drone strike killed the leader of al-Qaida in Afghanistan, the man in charge of the country's defense sat down for an interview.
At the time we met Mullah Mohammad Yaqoob Mujahid, many Afghans knew there had been an explosion in Kabul, but not what it was. If Yaqoob knew more, he wasn't saying. He acknowledged "an incident today" but said it wasn't serious. It was 24 hours later when the Taliban said their preliminary investigation confirmed a strike by "American drones."
Our talk with Yaqoob illustrated the demands facing the Taliban now that they have gone from an insurgent movement to Afghanistan's de facto power. Their role changed abruptly on Aug. 15, 2021, when they swept into the capital after the government collapsed. Rather than disrupt security, they are expected to provide it. Rather than undermine the government, they are expected to govern.
As the anniversary neared of the Taliban's time in power, I asked to speak with Yaqoob, who said his group wanted better relations with the United States. Any prospect of that depends on how the Taliban rule.
Yaqoob is part of the second generation of Taliban leadership. He is a son of Mullah Muhammad Omar, the cleric who led the Taliban during their first time in power from 1996-2001.
To meet him on July 31 we caught a plane from Kabul — where some members of our NPR team heard the drone attack that morning — to Kandahar, the Taliban's traditional power center. We weren't told the exact time or place of the meeting in advance. Instead a car came to guide us there, so we only learned the location as we arrived. It was an old insurgent's security technique.
We drove onto the compound from which his father once ruled — a tree-lined area in the shadow of two craggy mountains. Yaqoob, in his early 30s, told us he remembered running around that compound as a child in the 1990s. Those were the years when his father presided over an emirate that enforced a very specific idea of Islam. The Taliban hanged a former president. They held public executions in stadiums, destroyed a historic site, mandated burqas for women and denied most of them a chance to work or go to school.
Omar also sheltered Osama bin Laden, and refused to turn over the al-Qaida leader when the United States demanded him after 9/11.
Yaqoob followed his father into hiding when the U.S. attack began in Oct. 2001. Omar's compound later became a base for the United States and its Afghan allies, eventually surrounded by blast walls and checkpoints, dotted with the wreckage of military vehicles and physical training equipment. One of its buildings was renamed the "Kentucky Wildcuts Barber Shop." Omar died in 2013, but the son rose in the Taliban leadership and now has reclaimed his childhood home.
We asked if he would show us around, but Yaqoob demurred. "The CIA has videos if you want to see them," he said. He nonetheless sat with us for more than an hour, pausing once to give his evening prayer before we resumed. He said he was happy for our visit because he wanted to explain "the truth to the world and especially the American nation."
Yaqoob is styled the interim defense minister — "interim" because for the past year the Taliban have called their administration a provisional government. So far it's recognized by no other government in the world. They are running the bureaucratic machinery of the old Islamic republic, at least the parts that have nothing to do with democracy, which they have ended. They haven't said what form of government should replace it.
"So far, there is no decision made about it," Yaqoob said. "I think for a while it will go on as an acting government, and depending on Afghanistan's condition, we will take the next step."
We knew that Taliban and other religious leaders had held a mass meeting earlier this summer on the west side of Kabul. The group's supreme leader, Hibatullah Akhundzada, gave a speech in which he said he took no account of demands by the West, that not even atomic bombs could weaken their resistance. But having said what he would not do, Akhundzada left the stage without saying what he would do.
This leaves many questions unanswered one year after the takeover. Some Afghan girls are in school while others are barred. Some women are still working while others cannot. Even leading ulema, or groups of religious scholars, have said it is appropriate for middle school and high school-age girls to return to class.
"This is a serious issue for us," Yaqoob said. "Hopefully there will be more about it."
Other Taliban officials we met during our journey said they must move slowly and prepare the political ground. They're concerned that some Taliban fighters, ideologically trained as they are, may turn against their own leaders. While the leadership debates, the current policy has led to widespread calls for change, even in very conservative, Taliban-dominated valleys.
Strictly speaking, there is no rule of law at all. Afghanistan's republican constitution is not considered in effect, and nothing has replaced it. Some of the old laws are enforced — particularly tax laws; it's widely said here that the Taliban have been effective tax collectors — while others are considered defunct. The Taliban have allowed the free media to continue reporting the news, but also have been accused of beating journalists or demanding that they change their coverage. The disappearance of a media law leaves journalists uncertain of their rights. Establishing constitutional law is a "necessity," Yaqoob acknowledged.
There also is no transparent means to investigate numerous allegations of human rights violations by Taliban forces across the country; a United Nations report recently alleged hundreds of extrajudicial killings, arbitrary arrests and instances of torture in the first 10 months of Taliban rule. Yaqoob rejected the report but asserted that military courts were in place to prosecute those who committed abuses.
Yaqoob's primary responsibility is security, which he described as "100% OK," though the later revelation that al-Qaida's leader was living in the center of Kabul cast the statement in a different light. The Taliban have waged brutal war against the Islamic State but historically have been more tolerant toward al-Qaida, dating back to the time when Yaqoob's father sheltered bin Laden.
Asked if he wanted better relations with the United States, Yaqoob laughed.
"This is obvious," he said, adding that recognition of the current regime was in the United State's own interest because the U.S. had no other regime to deal with. "There are many countries that are more against America than us, but they recognize them officially," he said. "There are more countries in the world that pose more danger than Afghanistan to America, but still America recognized them officially. I think that recognition is a positive step toward a bigger change."
Yaqoob said he had heard that U.S. officials consider recognition politically impossible because the American people would be against it. "If that is true, I ask from the nation of America to put pressure on the government," he said. And if they don't, then "the claim of friendship with the Afghan people is more fake than honest."
Other Taliban leaders compare their country to Vietnam's communist government, which fought the United States in what had previously been America's longest war, but later became a trading partner and even in some ways a friend.
One difference, however, was demonstrated when President Joe Biden announced that a U.S. drone had killed the al-Qaida leader living just a few blocks from the Taliban's ministry of intelligence. U.S. officials regard extremist groups in Afghanistan as an ongoing threat, even if it is much diminished from years past.
Securing Afghanistan against such threats used to be the United States' problem, along with their Afghan allies. It's the Taliban's problem now, with the United States and its drones overhead and watching.
Copyright 2022 NPR. To see more, visit https://www.npr.org.
|
https://www.kunm.org/npr-news/npr-news/2022-08-05/we-visited-a-taliban-leaders-compound-to-examine-his-vision-for-afghanistan
| 2022-08-05T11:11:40
|
en
| 0.982765
|
TX El Paso Tx/Santa Teresa NM Zone Forecast for Thursday, August 4, 2022
_____
337 FPUS54 KEPZ 051007
ZFPEPZ
Zone Forecast Product for New Mexico
National Weather Service El Paso Tx/Santa Teresa NM
407 AM MDT Fri Aug 5 2022
TXZ418-052230-
Western El Paso County-
Including the cities of Downtown El Paso, West El Paso,
and Upper Valley
407 AM MDT Fri Aug 5 2022
.TODAY...Partly cloudy. Isolated showers and thunderstorms this
afternoon. Highs in the upper 90s. East winds 5 to 10 mph. Chance
of rain 20 percent.
.TONIGHT...Mostly cloudy in the evening, then becoming partly
cloudy. Isolated showers and thunderstorms. Lows in the lower
70s. Southeast winds 5 to 10 mph with gusts up to 20 mph. Chance
of rain 20 percent.
.SATURDAY...Mostly sunny. Highs in the upper 90s. Southeast winds
10 to 15 mph.
.SATURDAY NIGHT...Partly cloudy. Lows in the lower 70s. Southeast
winds 10 to 15 mph.
.SUNDAY...Mostly sunny. Highs in the upper 90s. Southeast winds
5 to 10 mph.
.SUNDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms in the evening. Lows in the lower 70s. Chance of
rain 30 percent.
.MONDAY...Mostly sunny. Highs in the mid 90s.
.MONDAY NIGHT...Mostly cloudy. A chance of showers and
thunderstorms in the evening. Lows in the lower 70s. Chance of
rain 40 percent.
.TUESDAY...Mostly sunny. Highs in the mid 90s.
.TUESDAY NIGHT...Mostly cloudy. A chance of showers and
thunderstorms in the evening. Lows in the lower 70s. Chance of
rain 30 percent.
.WEDNESDAY...Mostly sunny. Highs in the mid 90s.
.WEDNESDAY NIGHT...Mostly cloudy. Lows in the lower 70s.
.THURSDAY...Mostly sunny. Highs in the mid 90s.
$$
TXZ419-052230-
Eastern/Central El Paso County-
Including the cities of East and Northeast El Paso, Socorro,
and Fort Bliss
407 AM MDT Fri Aug 5 2022
.TODAY...Partly cloudy. Isolated showers and thunderstorms this
afternoon. Highs in the upper 90s. East winds 5 to 10 mph. Chance
of rain 20 percent.
.TONIGHT...Partly cloudy. Isolated showers and thunderstorms in
the evening. Lows in the mid 70s. Southeast winds 5 to 10 mph
with gusts up to 20 mph. Chance of rain 20 percent.
.SATURDAY...Mostly sunny. Highs in the upper 90s. Southeast winds
10 to 15 mph.
.SATURDAY NIGHT...Partly cloudy. Lows in the mid 70s. Southeast
winds 10 to 15 mph.
.SUNDAY...Mostly sunny. Highs in the mid 90s. Southeast winds
5 to 10 mph.
.SUNDAY NIGHT AND MONDAY...Partly cloudy. Lows in the lower 70s.
Highs in the mid 90s.
.MONDAY NIGHT...Mostly cloudy. A chance of showers and
thunderstorms in the evening. Lows in the lower 70s. Chance of
rain 30 percent.
.TUESDAY...Mostly sunny. Highs in the mid 90s.
.TUESDAY NIGHT...Mostly cloudy. A chance of showers and
thunderstorms in the evening. Lows in the lower 70s. Chance of
rain 30 percent.
.WEDNESDAY THROUGH THURSDAY...Partly cloudy. Highs in the mid
90s. Lows in the lower 70s.
$$
TXZ420-052230-
Northern Hudspeth Highlands/Hueco Mountains-
Including the cities of Hueco Tanks and Loma Linda
407 AM MDT Fri Aug 5 2022
.TODAY...Mostly sunny. Isolated showers and thunderstorms this
afternoon. Highs in the lower 90s. East winds 10 to 15 mph.
Chance of rain 20 percent.
.TONIGHT...Partly cloudy. Isolated showers and thunderstorms in
the evening. Lows in the upper 60s. Southeast winds 10 to 15 mph.
Chance of rain 20 percent.
.SATURDAY...Sunny. Highs in the lower 90s. Southeast winds 10 to
15 mph.
.SATURDAY NIGHT...Mostly clear. Lows in the upper 60s. Southeast
winds 10 to 15 mph with gusts up to 25 mph.
.SUNDAY...Sunny. Highs in the lower 90s. Southeast winds 10 to
15 mph.
.SUNDAY NIGHT AND MONDAY...Partly cloudy. Lows in the upper 60s.
Highs in the lower 90s.
.MONDAY NIGHT...Partly cloudy with a chance of showers and
thunderstorms in the evening, then mostly cloudy after midnight.
Lows in the upper 60s. Chance of rain 30 percent.
.TUESDAY THROUGH WEDNESDAY...Partly cloudy with a chance of
showers and thunderstorms. Highs around 90. Lows in the upper
60s. Chance of rain 30 percent.
.WEDNESDAY NIGHT AND THURSDAY...Partly cloudy. Lows in the upper
60s. Highs in the upper 80s.
$$
TXZ423-052230-
Rio Grande Valley of Eastern El Paso/Western Hudspeth Counties-
Including the cities of Fabens, Fort Hancock, and Tornillo
407 AM MDT Fri Aug 5 2022
.TODAY...Mostly sunny. Isolated showers and thunderstorms this
afternoon. Highs in the upper 90s. Northeast winds around 5 mph,
becoming southeast this afternoon. Chance of rain 20 percent.
.TONIGHT...Partly cloudy. Isolated showers and thunderstorms in
the evening. Lows in the lower 70s. Southeast winds 5 to 10 mph
with gusts up to 20 mph. Chance of rain 20 percent.
.SATURDAY...Sunny. Highs in the upper 90s. Southeast winds 10 to
15 mph.
.SATURDAY NIGHT...Partly cloudy in the evening, then becoming
mostly clear. Lows in the lower 70s. Southeast winds 10 to
15 mph.
.SUNDAY...Sunny. Highs in the mid 90s. Southeast winds 5 to
10 mph.
.SUNDAY NIGHT AND MONDAY...Partly cloudy. Lows in the lower 70s.
Highs in the mid 90s.
.MONDAY NIGHT...Partly cloudy. A chance of showers and
thunderstorms in the evening. Lows in the lower 70s. Chance of
rain 30 percent.
.TUESDAY THROUGH THURSDAY...Partly cloudy. Highs in the mid 90s.
Lows in the lower 70s.
$$
TXZ421-052230-
Salt Basin-
Including the cities of Cornudas, Dell City, and Salt Flat
407 AM MDT Fri Aug 5 2022
.TODAY...Mostly sunny. Isolated showers and thunderstorms this
afternoon. Highs in the mid 90s. East winds 10 to 15 mph. Chance
of rain 20 percent.
.TONIGHT...Partly cloudy. Isolated showers and thunderstorms in
the evening. Lows around 70. Southeast winds 10 to 15 mph with
gusts up to 25 mph. Chance of rain 20 percent.
.SATURDAY...Sunny. Highs in the mid 90s. East winds 10 to 15 mph.
.SATURDAY NIGHT...Mostly clear. Lows in the upper 60s. Southeast
winds 15 to 20 mph.
.SUNDAY...Sunny. Highs in the mid 90s. Southeast winds around
5 mph, increasing to 10 to 15 mph in the afternoon.
.SUNDAY NIGHT THROUGH THURSDAY...Partly cloudy. Lows in the upper
60s. Highs in the lower 90s.
$$
TXZ422-052230-
Southern Hudspeth Highlands-
Including the city of Sierra Blanca
407 AM MDT Fri Aug 5 2022
.TODAY...Mostly sunny. Isolated showers and thunderstorms this
afternoon. Highs in the lower 90s. Northeast winds 5 to 10 mph,
becoming east 10 to 15 mph this afternoon. Chance of rain
20 percent.
.TONIGHT...Partly cloudy. Isolated showers and thunderstorms in
the evening. Lows in the upper 60s. Southeast winds 10 to 15 mph
with gusts up to 25 mph. Chance of rain 20 percent.
.SATURDAY...Sunny. Highs in the lower 90s. Southeast winds 10 to
15 mph.
.SATURDAY NIGHT...Partly cloudy in the evening, then becoming
mostly clear. Lows in the upper 60s. Southeast winds 10 to 15 mph
with gusts up to 25 mph.
.SUNDAY...Mostly sunny. Highs around 90. Southeast winds 10 to
15 mph.
.SUNDAY NIGHT THROUGH TUESDAY NIGHT...Partly cloudy. Lows in the
upper 60s. Highs in the upper 80s.
.WEDNESDAY...Mostly sunny. A chance of showers and thunderstorms
in the afternoon. Highs in the upper 80s. Chance of rain
30 percent.
.WEDNESDAY NIGHT AND THURSDAY...Partly cloudy. Lows in the upper
60s. Highs in the upper 80s.
$$
TXZ424-052230-
Rio Grande Valley of Eastern Hudspeth County-
Including the city of Indian Hot Springs
407 AM MDT Fri Aug 5 2022
.TODAY...Mostly sunny. Isolated showers and thunderstorms this
afternoon. Highs in the upper 90s. Northeast winds around 5 mph,
becoming east 10 to 15 mph this afternoon. Chance of rain
20 percent.
.TONIGHT...Partly cloudy. Isolated showers and thunderstorms in
the evening. Lows in the lower 70s. Southeast winds 5 to 10 mph
with gusts up to 20 mph. Chance of rain 20 percent.
.SATURDAY...Sunny. Highs in the upper 90s. Southeast winds 10 to
15 mph.
.SATURDAY NIGHT...Partly cloudy in the evening, then clearing.
Lows in the lower 70s. Southeast winds 10 to 15 mph.
.SUNDAY...Mostly sunny. Highs in the mid 90s. Southeast winds
5 to 10 mph.
.SUNDAY NIGHT THROUGH THURSDAY...Partly cloudy. Lows in the lower
70s. Highs in the mid 90s.
$$
_____
Copyright 2022 AccuWeather
|
https://www.myjournalcourier.com/weather/article/TX-El-Paso-Tx-Santa-Teresa-NM-Zone-Forecast-17353774.php
| 2022-08-05T11:11:45
|
en
| 0.88173
|
CHICAGO, Aug. 5, 2022 /PRNewswire/ -- The report "Glass Fiber Yarn Market is estimated to be USD 2.5 billion in 2022 and is projected to reach USD 3.5 billion by 2027, at a CAGR of 6.5% between 2022 and 2027, according to a new report by MarketsandMarkets™. The glass fiber yarn market is segmented into five major regions, namely, Asia Pacific, Europe, North America, South America, and the Middle East & Africa. Asia Pacific is the largest market for glass fiber yarn market, followed by North America and Europe. The market in Asia Pacific is driven by the high economic growth rate, followed by heavy investments in energy, infrastructure, and automotive industries. Another factor impacting the glass fiber yarn market is the increasing population in Asian countries such as China and India. The region accounts for almost one-third of the global GDP measured in terms of purchasing power parity (PPP). Various companies are shifting their production units to the region because of the low cost of production and proximity to emerging markets such as India, Thailand, Indonesia, and Malaysia.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=85172065
Browse in-depth TOC on "Glass Fiber Yarn"
180 – Tables
56 – Figures
221 – Pages
Electrical & electronics industry is expected to account for the largest market share in glass fiber yarn market during the forecast period.
In terms of value, the electrical & electronics segment is the dominant end user of glass fiber yarn with a market size of USD 645.46 million in 2021. The rising demand for insulation products in countries such as China, India, and Brazil is driving the market.
In this section, the glass fiber yarn market is analyzed based on various end-use industries, such as electrical & electronics, automotive & transportation, wind energy, building & construction, and marine, among others.
Weight reduction, increased processing speed encourage glass fiber yarn adoption to boost glass fiber yarn market
Glass fiber yarn is increasingly utilized in the development of automobiles, owing to its exceptional properties, such as high tensile strength, thermal insulation, and affordable cost. Several automobile manufacturers and glass fiber yarn producers are venturing into the mass production of glass fiber yarn automotive panels. Automotive manufacturers are adopting glass fiber as a substitute for metals in the production of exterior panels and vehicle interiors. Further, glass fiber yarn is being used in rubber drive belts, clutch discs & brake pads, headliners, and for automotive insulation, among others.
Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=85172065
APAC is expected to account for the largest market share in the glass fiber yarn market during the forecast period.
Asia Pacific is the largest market for glass fiber yarn. In this report, the Asia Pacific region is segmented into China, Japan, India, South Korea, and the Rest of Asia Pacific (Vietnam, Taiwan, Indonesia, Bangladesh, Singapore, and Malaysia). The Asia Pacific market for glass fiber yarn is driven by the rising income level of the middle-class population and increasing government investments, especially in the building & construction and automobile sectors.
The key players in the global glass fiber yarn market are Owens Corning (US), Jushi Group Co., Ltd., Chongqing Polycomp International Corporation, Saint-Gobain S.A., Nippon Electric Glass Co. Ltd., AGY Holdings Corp., China Beihai Fiberglass Co., Ltd., Taiwan Glass Industry Corp., Nitto Boseki Co. Ltd. (Japan), PFG Fiber Glass Corp. (Taiwan).
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=85172065
Glass fiber yarn comes in various forms for different applications. For example, glass fiber tapes are used for wrapping vessels and hot pipelines due to their thermal insulation properties. Similarly, glass fiber cloth is used as heat shields in fire curtains and others.
The glass fiber yarn market in developed economies such as the US, Germany, the UK, France, and Japan has almost reached the maturity stage. Most companies are turning to countries such as China, India, and Brazil that offer them sustained demand. The key challenges for the glass fiber yarn manufacturers in the developed economies include economic uncertainty, fluctuating prices of raw materials, volatile foreign currency exchange rates, slow economic growth, and demand-supply gap of raw materials.
Browse Adjacent Markets: Fibers and Composites Market Research Reports & Consulting
Related Reports:
Fiberglass Market by Glass Type (E-Glass, ECR-Glass, H-Glass, S-Glass, AR-Glass), Resin Type, Product Type (Glass Wool, Direct & Assembled Roving, Yarn, Chopped Strand), Application (Composites, Insulation) and Region - Global Forecast to 2025
https://www.marketsandmarkets.com/Market-Reports/fiberglass-market-6124844.html
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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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SOURCE MarketsandMarkets
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https://www.prnewswire.com/news-releases/glass-fiber-yarn-market-worth-3-5-billion-by-2027--exclusive-report-by-marketsandmarkets-301600665.html
| 2022-08-05T11:11:47
|
en
| 0.905101
|
DUBLIN, Aug. 5, 2022 /PRNewswire/ -- The "Baby Feeding Bottles - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Baby Feeding Bottles Market to Reach $3.5 Billion by 2026
The global baby feeding bottles market is slated to garner a significant momentum owing to the confluence of a number of favorable factors. The baby feeding bottles market is estimated to be driven by increasing number of working women, rising acceptance of infant formula and busy lifestyles. Baby feeding bottles are highly popular baby care products that are mainly used during the first year of a baby. Specially designed to address feeding requirements of infants, these bottles feature a rubber-based teat to help a baby directly drink milk or other liquids from the bottle. These feeding bottles are used as a substitute to breastfeeding, and generally made of silicon, glass, stainless steel and plastic. The baby feeding bottles market is estimated to be driven by increasing number of working women, rising acceptance of infant formula and busy lifestyles. Rapid urbanization, expansion of middle-class population and improvement in living standards are anticipated to drive the demand for quality and better baby care products, including baby feeding bottles. As infant formula is fed through baby feeding bottles, the market holds a positive correlation with the demand for infant formula.
Amid the COVID-19 crisis, the global market for Baby Feeding Bottles estimated at US$2.9 Billion in the year 2022, is projected to reach a revised size of US$3.5 Billion by 2026, growing at a CAGR of 4.8% over the analysis period. Plastic, one of the segments analyzed in the report, is projected to record a 4.3% CAGR and reach US$1.7 Billion by the end of the analysis period.
The U.S. Market is Estimated at $464.9 Million in 2022, While China is Forecast to Reach $595.1 Million by 2026
The Baby Feeding Bottles market in the U.S. is estimated at US$464.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$595.1 Million by the year 2026 trailing a CAGR of 6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 3.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR. In these markets, increasing acceptance of infant formula along with availability of different formula milks by leading brands is poised to push market growth. Another prominent factor is continuing transformation of the retail as well as distribution infrastructure. The emergence of new models like online platform, neighborhood stores and brick-and-mortars stores is expected to increase consumer access to these products and foster consumption.
Select Competitors (Total 46 Featured):
- Alpha Baby Care Co., Ltd.
- Babisil International Ltd.
- Chemco Group
- Comotomo, Inc.
- Dolphin Baby Product
- Handi-Craft Company
- Koninklijke Philips N.V.
- Linco Baby Merchandise Works Co., Ltd
- Mason Bottle
- Mayborn Group Limited
- Munchkin, Inc.
- nanobebe US LTD.
- Narang Plastics Private Limited
- Novatex GmbH
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Increasing Global Population and Rise in Number of New Births: Opportunity Galore for Baby Feeding Bottles
- Technological Advancements in Baby Monitoring Devices Drive the Market Forward
- Rising Women Workforce Drive Demand for Baby Feeding Bottles
- Increasing Uptake of Formula Milk Drives the Demand for Baby Feeding Bottles
- Convenience & Safety Remain Defining and Sought-After Aspects of Baby Feeding Bottles
- Improved Features & Better Materials Take Center Stage
- BPA-Free Baby Feeding Bottles Gain Traction
- Revival in Demand for Glass Baby Bottles
- Growing Parent Awareness Bodes Well for the Baby Feeding Bottles Market
- Premiumization Trend Spurs Market Demand
- Product Launch & Innovation: Hallmark of Global Baby Feeding Bottles Market
- Rising Middle Class Population in Emerging Markets Offer Increased Growth Prospects
- Global Middle Class Spending (in US$ Trillion) by Geographic Region
- Expanding Urban Population Spurs Growth
- The Millennials Reaching Child-Bearing Age Drive Healthy Market Growth
- Rising Popularity of Online Retailing Lends Traction to Market Growth
- Use of Social Media for Marketing Expands Market Reach
- Growing Awareness about Benefits of Breastfeeding - A Market Restraint
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/9owf5t
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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For E.S.T Office Hours Call +1-917-300-0470
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SOURCE Research and Markets
|
https://www.prnewswire.com/news-releases/global-baby-feeding-bottles-market-to-reach-3-5-billion-by-2026--301600676.html
| 2022-08-05T11:11:53
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| 0.857223
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WFO CORPUS CHRISTI Warnings, Watches and Advisories for Friday, August 5, 2022
_____
SPECIAL WEATHER STATEMENT
Special Weather Statement
National Weather Service Corpus Christi TX
458 AM CDT Fri Aug 5 2022
...HEAT INDEX VALUES BETWEEN 105 AND 109 DEGREES ARE EXPECTED TODAY...
The combination of warm temperatures and high dewpoints will
produce heat indices between 105 and 109 degrees today across the
Coastal Bend and western Brush Country. Residents with outdoor
activities planned are urged to drink plenty of water, wear light
weight and light colored clothing and take frequent breaks from
the heat. Young children and pets should never be left unattended
in vehicles under any circumstances. This is especially true
during warm or hot weather when car interiors can reach lethal
temperatures in a matter of minutes.
_____
Copyright 2022 AccuWeather
|
https://www.myjournalcourier.com/weather/article/TX-WFO-CORPUS-CHRISTI-Warnings-Watches-and-17353761.php
| 2022-08-05T11:11:57
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| 0.875821
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DUBLIN, Aug. 5, 2022 /PRNewswire/ -- The "Global Fluoropolymers Market - Products, Technologies and Applications" report has been added to ResearchAndMarkets.com's offering.
The report reviews, analyzes ,and projects the global Fluoropolymers market for the period 2017-2026 in terms of market value in US$ and the volume in metric tons; and the compound annual growth rates (CAGRs) projected from 2021 through 2026 with a special focus on y-o-y growth for 2019 and 2020
Global fluoropolymers growth is attributed mainly to the robust growth in the developing regions and also continued economic recovery in the developed nations that drives industrial investment and growth in construction activities. PTFE is the largest fluoropolymer in terms of volume and value.
However, melt-processable fluoropolymers such as PVDF, FEP, ETFE and ECTFE are forecast to record fastest growth during the analysis period, owing to the significant demand from emerging applications such as photovoltaic modules and architectural membranes among others.
Asia-Pacific is the world's largest volume market for Fluoropolymers, accounted for a 54.3% share in 2021, which is also likely to record the fastest 2021-2026 CAGR of 8.7% in reaching a projected 282 thousand metric tons by 2026, thanks to high demand for PVDF from electric vehicle batteries and solar photovoltaics.
North American region is the second largest market for Fluoropolymers globally, occupying a 2021 share of 25.6% followed by Europe with share of 17.7%.
Key Topics Covered:
Part A: Global Market Perspective
1. Introduction
1.1 Product Outline
1.1.1 Fluoropolymers
1.1.1.1 General Properties of Fluoropolymers
1.1.2 Types of Fluoropolymers
1.1.2.1 Polytetrafluoroethylene (PTFE)
1.1.2.2 Fluorinated Ethylene Propylene (FEP)
1.1.2.3 Polyvinylidene Fluoride (PVDF)
1.1.2.4 Perfluoroalkoxy (PFA/MFA)
1.1.2.5 Polyvinyl Fluoride (PVF)
1.1.2.6 Ethylene Tetrafluoroethylene (ETFE)
1.1.2.7 Ethylene Chlorotrifluoroethylene (ECTFE)
1.1.2.8 Polychlorotrifluoroethylene (PCTFE)
1.1.2.9 Other Fluoropolymers
2. Key Market Trends
2.1 New Energy Markets Driving Demand for PVDF in a Big Way
2.1.1 Lithium-Ion Batteries
2.1.2 Photovoltaics
2.2 5G Communication Technology Boosts Demand for PTFE
2.3 Medical Device Industry Fueling Demand for Fluoropolymers
2.4 Demands of Membrane Market Being Addressed by PVDF
2.4.1 PVDF Membrane Applications
2.5 Medical and Biomedical Sectors Fertile Grounds for PVDF
3. Industry Landscape
3.1 Fluoropolymers Producers and Production Capacities
3.1.1 Fluoropolymers Production Capacities by Company
3.1.2 Fluoropolymers Production Capacities by Country
3.1.3 Fluoropolymers Production Capacities by Fluoropolymer Type
3.1.3.1 Polytetrafluoroethylene (PTFE)
3.1.3.2 Fluorinated Ethylene Propylene (FEP)
3.1.3.3 Polyvinylidene Fluoride (PVDF)
3.1.3.4 Ethylene tetrafluoroethylene (ETFE)
3.1.3.5 Perfluoroalkoxy (PFA/MFA)
3.1.3.6 Polychlorotrifluoroethylene (PCTFE)
3.1.3.7 Polyvinyl fluoride (PVF)
3.1.3.8 Ethylene chlorotrifluoroethylene (ECTFE)
3.2 Key Global Players
- 3M Company (United States)
- AGC Inc. (Japan)
- Arkema Group (France)
- Daikin Industries Ltd (Japan)
- Dongyue Group Limited (China)
- DuPont De Nemours Inc. (United States)
- Gujarat Fluorochemicals Limited (India)
- HaloPolymer OJSC (Russia)
- Honeywell International Inc. (United States)
- Jiangsu Meilan Chemical Co Ltd (China)
- Jinhua Yonghe Fluorochemical Co Ltd (China)
- Kureha Corporation (Japan)
- Shanghai 3F (Huayi) New Material Co Ltd (China)
- Solvay SA (Belgium)
- The Chemours Company (United States)
- Zhejiang Juhua Co Ltd (China)
- Zhonghao Chenguang Research Institute Chemical Industry (China)
4. Key Business & Product Trends
- Gujarat Fluorochemicals to Invest in PTFE and PVDF Capacity Expansions
- Solvay to Lift Battery Grade PVDF Capacity in Europe
- Arkema to Double PVDF Capacity in Changshu, China
- Arkema Opens New Center of Excellence Dedicated to Li-ion Batteries
- Jiangxi Lee & Man to Construct a New PVDF Plant in Ruichang, China
- DuPont to Acquire Rogers Corp
- New PVDF Membranes by Arkema and Polymem Gets Award from The American Chemical Society (ACS)
- New 10K Ton PVDF Project Announced by Zhejiang Yonghe
- DuPont Launches New Tedlar Transparent Protective Film
- Arkema Invests in European Battery Start-up Verkor
- Kureha to Expand PVDF Production Capacity in China
- Daikin Invests in Carbon Nanotubes Manufacturer OCSiAl
- Arkema Launches New Renewable PVDF Grades for Li-ion Batteries
- Arkema Plans PVDF Expansion in China
- Shanghai Huayi 3F to Build New PVDF Plant in Inner Mongolia, China
- Arkema Expands PVDF Capacity at Changshu, China Plant
- Honeywell Launches Aclar Edge Bottles and Vials for Oral Liquid and Sterile Injectables
- Solvay to Expand PVDF Capacity in China by More Than Two-Fold
- New Solef PVDF AM Filament Launched by Solvay
- 3M Unveils Industry-First 3D Printed PTFE
- Arkema to Lift PVDF Capacity at its Changshu plant in China
- Southwest Impreglon Adds Solvay's Halar ECTFE Waterborne Coating System
- Daikin Plans Fluoropolymers Capacity Expansions in China, Japan and US
- New Kynar PVDF Based FluorX Filament Developed by Arkema and 3DXTech
- Solvay Introduces New Halar ECTFE Anti-Corrosion Coating System
- Scinor Beijing Membrane Technology Choses Solvay's Solef PVDF for its Ultrafiltration Membranes
- Honeywell Introduces New Aclar Accel Film for Pharma Packaging
- AGC Increased Fluon+ EA-2000 PFA Resin Used in Printed Circuit Boards
5. Global Market Overview
5.1 Global Fluoropolymers Market Overview by Fluoropolymer Type
5.1.1 Polytetrafluoroethylene (PTFE)
5.1.2 Fluorinated Ethylene Propylene (FEP)
5.1.3 Polyvinylidene Fluoride (PVDF)
5.1.4 Ethylene Tetrafluoroethylene (ETFE)
5.1.5 Perfluoroalkoxy (PFA/MFA)
5.1.6 Polyvinyl Fluoride (PVF)
5.1.7 Polychlorotrifluoroethylene (PCTFE)
5.1.8 Ethylene Chlorotrifluoroethylene (ECTFE)
5.2 Global Fluoropolymers Market Overview by End-use Sector
5.2.1 Chemical Processing Sector
5.2.2 Electrical & Electronics Sector
5.2.3 Industrial/Mechanical Sector
5.2.4 Automotive & Transportation Sector
5.2.5 Building & Construction Sector
5.2.6 Other End-use Sectors
Part B. Regional Market Perspective
Global Fluoropolymers Market Overview by Geographic Region
6. North America
Major Market Players
- 3M Company (United States)
- Arkema Inc (United States)
- Daikin America, Inc. (United states)
- Honeywell International Inc. (United States)
- Solvay Specialty Polymers USA, LLC (United States)
- The Chemours Company (United States)
7. Europe
Major Market Players
- AGC Chemicals Europe Ltd. (United Kingdom)
- Arkema Group (France)
- Chemours Netherlands B.V. (Netherlands)
- Dyneon GmbH & Co. KG (Germany)
- Halopolymer OJSC (Russia)
- Solvay Specialty Polymers France S.A.S. (France)
- Solvay Specialty Polymers Italy S.p.A. (Italy)
8. Asia-Pacific
Major Market Players
- Arkema (Changshu) Fluorochemical Co., Ltd. (China)
- AGC Inc. (Japan)
- Chemours-Mitsui Fluoroproducts Co., Ltd. (Japan)
- Daikin Fluorochemicals (China) Co., Ltd. (China)
- Daikin Industries Ltd (Japan)
- Dongyue Group Limited (china)
- Fujian Sannong New Materials Co., Ltd (China)
- Fuxin Hengtong Fluorine Chemicals Co, Ltd (China)
- Gujarat Fluorochemicals Limited (India)
- Hindustan Fluorocarbons Limited (India)
- Jiangsu Lee & Man Chemical Limited (China)
- Jiangsu Meilan Chemical Co., Ltd. (China)
- Jiangsu Sanmei Chemical Co., Ltd. (China)
- Jinhua Yonghe Fluorochemical Co., Ltd. (China)
- Kureha (Changshu) Fluoropolymers Co., Ltd. (China)
- Kureha Corporation (Japan)
- Lichang Technology (Ganzhou) Co., Ltd. (China)
- Longxing Chemical Stock Co., Ltd. (China)
- Luxi Group Co., Ltd. (China)
- Shandong Deyi New Material Co., Ltd. (China)
- SHANDONG HUA FLUOROCHEMICAL CO., LTD. (China)
- Shandong Huaan New Material Co., Ltd. (China)
- SHANGHAI (HUAYI) 3F NEW MATERIALS CO., LTD. (CHINA)
- Shanghai Ofluorine Co., Ltd. (China)
- Solvay Specialty Polymers (Changshu) Co., Ltd. (China)
- The Chemours (Changshu) Fluoro Technology Company Limited (China)
- Zhejiang Fotech International Co., Ltd. (China)
- Zhejiang Funuolin Chemical New Material Co., Ltd. (China)
- Zhejiang Juhua Co., Ltd. (China)
- Zhejiang Lantian Environmental Protection Fluoro Materials Co., Ltd. (China)
- Zhonghao Chenguang Research Institute Chemical Industry (China)
Part C: Guide To The Industry
1. Fluoropolymer Resin Manufacturers
2. Fluoropolymer Processors & Compounders
Part D: Annexure
For more information about this report visit https://www.researchandmarkets.com/r/kdbl3x
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets
|
https://www.prnewswire.com/news-releases/global-fluoropolymers-markets-report-2022-2026---5g-communication-technology-boosts-demand-for-ptfe--demands-of-membrane-market-being-addressed-by-pvdf-301600681.html
| 2022-08-05T11:11:59
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| 0.699959
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(The Hill) – Sen. Kyrsten Sinema (D-Ariz.) announced Thursday evening that she has reached a deal with Senate Majority Leader Charles Schumer (D-N.Y.) that could pave the way for Democrats to pass their budget reconciliation package.
The deal would remove a provision closing the so-called carried interest loophole from the package announced last week by Schumer and Sen. Joe Manchin (D-W.Va.).
Sinema said she and Schumer have also reached agreement on protecting manufacturing from the impact of a proposed 15 percent corporate minimum tax, which business leaders in Arizona warned would dampen economic growth.
The announcement paves the way for Sinema to vote Saturday for a motion to proceed to a budget reconciliation package that would reform the tax code, tackle climate change, reduce the cost of prescription drugs and shrink the federal deficit.
“We have agreed to remove the carried interest tax provision, protect advanced manufacturing, and boost our clean energy economy in the Senate’s budget reconciliation legislation,” Sinema said, signaling that she plans to vote to begin debate on the bill.
“Subject to the parliamentarian’s review, I’ll move forward,” she said.
A Democratic source familiar with the agreement said it would include a new excise tax on stock buybacks that would bring in more than enough revenue to cover the removal of the carried interest provision.
The Democrat said the bill will still reduce the deficit by $300 billion, citing a number that Schumer and Manchin have touted over the past week.
Senate Democrats had waited anxiously for days for a positive sign from Sinema, whom they feared was angry after being left out of a final round of talks.
With Sinema’s vote, Democrats now have the support of all 50 members of their caucus to pass what would become President Biden’s biggest domestic legislative achievement. It would reduce the federal deficit by between $100 billion to $300 billion, according to various estimates, an accomplishment Democrats can pitch to voters at a time of 40-year-high inflation.
“I am pleased to report that we have reached an agreement on the Inflation Reduction Act that I believe will receive the support of the entire Senate Democratic conference,” Schumer said in a separate statement confirming the deal.
He said the agreement “preserves the major components” of the deal he announced with Manchin last week to lower drug costs, fight climate change, close tax loopholes and reduce the deficit.
“The final version of the reconciliation bill, to be introduced on Saturday, will reflect this work and put us one step closer to enacting this historic legislation into law,” Schumer said.
Biden called for Senate Democrats to pass the package as soon as possible following Sinema’s announcement.
“Tonight, we’ve taken another critical step toward reducing inflation and the cost of living for America’s families,” Biden said in a statement.
“The Inflation Reduction Act will help Americans save money on prescription drugs, health premiums and much more,” he continued.
Democrats expect to vote to begin debate on the more-than-700-page bill sometime Saturday afternoon.
That will begin up to 20 hours of floor debate followed by an open-ended series of amendment votes, known as a vote-a-rama, and then a vote on final passage of the legislation.
Sinema in her statement promised to work with colleagues to address the carried interest preferential tax rate, which allows asset managers to pay a 20 percent capital gains rate on income they earn from advising clients on profitable investments.
“Following this effort, I look forward to working with Sen. [Mark] Warner [D-Va.] to enact carried interest reforms, protecting investments in America’s economy and encouraging continued growth while closing the most egregious loopholes that some abuse to avoid paying taxes,” she pledged.
The announcement capped off several days of intense discussions between Sinema, Schumer and Manchin.
Democratic senators said Sinema wasn’t happy about being left out of the secret negotiations Schumer and Manchin held last month to add sweeping tax reform and climate provisions to the budget package.
The Arizona senator had previously made clear that she opposed eliminating the carried interest tax rate as well as reforms that would effectively raise corporate taxes and threaten economic growth. Those priorities appeared to be somewhat overlooked in the Schumer-Manchin deal.
Sinema held back her support for the legislation and insisted on changes to soften the tax hit on manufacturers from a 15 percent corporate minimum tax, according to sources familiar with the negotiations.
Manchin held at least two long conversations with Sinema on the Senate floor in recent days to win her over.
Multiple people familiar with the issue said Sinema wanted to exempt U.S. manufacturing companies from the 15 percent corporate minimum tax that Schumer and Manchin inserted in the Inflation Reduction Act. That bill caught almost every senator — including Sinema — by surprise when it became public last week
Exempting manufacturing companies from the book minimum tax would cost about $45 billion over ten years, according to one Senate estimate floated this week.
Book is a tax accounting term that in effect would make it harder for companies to avoid declaring profit and therefore increase what they would pay in taxes.
Sinema also told colleagues that she opposed closing carried interest loophole, which critics say allows wealthy money managers to pay a lower effective tax rate than many middle-income Americans.
And the Arizona senator wanted $5 billion in drought resiliency funding for her home state, according to two Democratic senators.
The statements released by Sinema and Schumer Thursday evening made no mention of drought relief. However, her pledge to vote to move forward indicates her concerns on the corporate minimum tax structure, carried interest and drought have been satisfied.
Sinema declined to answer reporters’ questions when she emerged from her Capitol basement hideaway Thursday afternoon.
She came under heavy pressure from business leaders in Arizona to oppose the corporate minimum tax.
“In the face of record-high inflation, supply chain backlogs and a major labor crunch, now is not the time to hammer manufacturers with new taxes,” Arizona Chamber of Commerce and Industry President Danny Seiden said in a statement earlier Thursday.
“Arizona job creators will continue to urge lawmakers to reject this manufacturers tax and instead focus on policies that encourage job growth and strengthen our state and economic competitiveness,” he said.
The Schumer-Manchin deal would have established a 15 percent minimum tax for corporations with more than $1 billion in annual profits, though it exempted green-energy and microchip manufacturing tax credits from getting wiped out by that minimum tax threshold.
Republicans said that proposal would have hit manufacturing companies especially hard by superseding a key reform of former President Trump’s 2017 Tax Credits and Jobs Act allowing companies to fully expense capital expenditures for a given year.
Full expensing under the Tax Credits and Jobs Act is due to phase out over the next four years.
Sinema told the Arizona Chamber of Commerce in April that she would be “unwilling to support any tax policies that would put a break on … economic growth, or stall business and personal growth for America’s industries.”
She made clear to senior White House officials and Senate Democratic colleagues early during the negotiations over the budget reconciliation bill that she would not support increasing the 21 percent corporate tax rate, a key achievement of the 2017 tax reform law.
“The entire country knows that I am opposed to raising the corporate income tax. That was true yesterday and it is true today,” Sinema told the Arizona Chamber of Commerce earlier this year.
Republican critics of the Schumer-Manchin deal said that preventing full and immediate expensing of capital expenditures would effectively increase taxes on many corporations.
Sen. Rob Portman (R-Ohio), who worked closely with Sinema in drafting last year’s $1 trillion bipartisan infrastructure law, warned in an op-ed for The Wall Street Journal that it would “essentially” place a “tax on manufacturing.”
He pointed out that the bipartisan Joint Committee on Taxation estimates that nearly 50 percent of the new tax would hit manufacturers.
“Imposing this new tax on U.S. companies, and restricting certain U.S. manufacturers from writing off investment costs immediately, would make America less competitive and drive investments and jobs overseas,” he warned.
Sinema’s request for $5 billion in drought resiliency funding also loomed as a potential problem, sources warned.
Guaranteeing access to more water to states lower in the Colorado River basin such as Arizona, Nevada and California may come at the expense of upper-basin states such as Colorado, Utah, Wyoming and New Mexico.
“We are facing historic drought in Colorado. The state has had the worst wildfires in our state’s history. There is very little water in the Colorado River. And I think it would be great if we could do something on drought, but it has to be something that meaningfully improves the situation in Colorado and in the upper basin of the Colorado River,” said Sen. Michael Bennet (D-Colo.), who is up for reelection in November.
Bennet warned that any drought resiliency language must provide an “enduring solution to the problem, otherwise it’s not worth doing.”
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https://www.news10.com/news/national/sinema-announces-deal-with-schumer-on-taxes-and-climate/
| 2022-08-05T11:12:03
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| 0.965482
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WA Seattle WA Zone Forecast for Thursday, August 4, 2022
_____
376 FPUS56 KSEW 051019
ZFPSEW
Zone Forecast Product for Western Washington
National Weather Service Seattle WA
318 AM PDT Fri Aug 5 2022
Spot temperatures and probabilities of measurable precipitation
are for today, tonight, and Saturday.
WAZ558-052300-
Seattle and Vicinity-
Including the cities of Seattle, Shoreline, Federal Way, and Kent
318 AM PDT Fri Aug 5 2022
.TODAY...Sunny. Highs in the upper 60s to mid 70s. North wind
10 to 20 mph.
.TONIGHT...Clear. Lows in the 50s. North wind 10 to 15 mph
becoming northeast after midnight.
.SATURDAY...Sunny. Highs in the mid 70s to lower 80s. North wind
to 10 mph increasing to 10 to 15 mph in the afternoon.
.SATURDAY NIGHT...Clear. Lows in the mid 50s to lower 60s. North
wind 10 to 15 mph becoming northeast after midnight.
.SUNDAY...Sunny. Highs in the 80s. North wind to 10 mph
increasing to 10 to 15 mph with gusts to 25 mph in the afternoon.
.SUNDAY NIGHT...Clear. Lows in the lower 60s.
.MONDAY...Sunny. Highs in the mid 80s to lower 90s.
.MONDAY NIGHT...Mostly clear. Lows in the lower 60s.
.TUESDAY...Mostly sunny. Highs in the lower to mid 80s.
.TUESDAY NIGHT...Mostly clear. A slight chance of showers after
midnight. Lows near 60.
.WEDNESDAY...Mostly sunny. A chance of showers in the morning,
then a slight chance of showers in the afternoon. Highs in the
mid 70s to lower 80s.
.WEDNESDAY NIGHT...Mostly clear. Lows in the upper 50s.
.THURSDAY...Mostly sunny. Highs in the mid 70s to lower 80s.
TEMPERATURE / PRECIPITATION
Seattle 75 56 83 / 0 0 0
$$
WAZ559-052300-
Bremerton and Vicinity-
Including the cities of Bremerton and Silverdale
318 AM PDT Fri Aug 5 2022
.TODAY...Sunny. Highs in the upper 60s to mid 70s. North wind
10 to 15 mph becoming northeast 10 to 20 mph in the afternoon.
.TONIGHT...Clear. Lows in the lower to mid 50s. Northeast wind
10 to 15 mph in the evening becoming light.
.SATURDAY...Sunny. Highs in the mid 70s to lower 80s. North wind
to 10 mph increasing to 10 to 15 mph in the afternoon.
.SATURDAY NIGHT...Clear. Lows in the mid to upper 50s. North wind
10 to 15 mph becoming northeast after midnight.
.SUNDAY...Sunny. Highs in the upper 70s to mid 80s. Northeast
wind to 10 mph increasing to north 10 to 20 mph in the afternoon.
.SUNDAY NIGHT...Clear. Lows near 60.
.MONDAY...Sunny. Highs in the mid to upper 80s.
.MONDAY NIGHT...Mostly clear. Lows near 60.
.TUESDAY...Mostly sunny. Highs in the lower to mid 80s.
.TUESDAY NIGHT...Mostly clear. A slight chance of showers after
midnight. Lows in the upper 50s.
.WEDNESDAY...Mostly sunny. A chance of showers in the morning,
then a slight chance of showers in the afternoon. Highs in the
mid to upper 70s.
.WEDNESDAY NIGHT...Mostly clear. Lows in the mid to upper 50s.
.THURSDAY...Mostly sunny. Highs in the mid to upper 70s.
TEMPERATURE / PRECIPITATION
Bremerton 74 52 82 / 0 0 0
$$
WAZ507-052300-
Everett and Vicinity-
Including the cities of Everett, Edmonds, Lynnwood, Marysville,
and Arlington
318 AM PDT Fri Aug 5 2022
.TODAY...Mostly sunny. Highs in the mid 60s to lower 70s.
Northwest wind 10 to 15 mph with gusts to 25 mph.
.TONIGHT...Clear. Lows in the lower to mid 50s. Northwest wind
10 to 15 mph becoming north after midnight.
.SATURDAY...Sunny. Highs in the 70s to lower 80s. North wind to
10 mph becoming northwest around 10 mph in the afternoon.
.SATURDAY NIGHT...Clear. Lows in the mid to upper 50s. Northwest
wind around 10 mph becoming north to 10 mph after midnight.
.SUNDAY...Sunny. Highs in the mid 70s to lower 80s. North wind to
10 mph becoming northwest around 10 mph in the afternoon.
.SUNDAY NIGHT...Clear. Lows in the upper 50s.
.MONDAY...Sunny. Highs in the 80s.
.MONDAY NIGHT...Mostly clear. Lows near 60.
.TUESDAY...Mostly sunny. Highs in the upper 70s to mid 80s.
.TUESDAY NIGHT...Partly cloudy. Lows near 60.
.WEDNESDAY...Partly sunny. A chance of showers in the morning,
then a slight chance of showers in the afternoon. Highs in the
mid 70s to lower 80s.
.WEDNESDAY NIGHT...Partly cloudy with a slight chance of showers.
Lows in the mid to upper 50s.
.THURSDAY...Mostly sunny. Highs in the 70s.
TEMPERATURE / PRECIPITATION
Edmonds 71 56 77 / 0 0 0
Everett 72 54 78 / 0 0 0
$$
WAZ509-052300-
Tacoma Area-
Including the cities of Tacoma, Lakewood, Puyallup, and Sumner
318 AM PDT Fri Aug 5 2022
.TODAY...Sunny. Highs in the 70s. North wind 10 to 15 mph.
.TONIGHT...Clear. Lows in the lower to mid 50s. North wind around
10 mph becoming northeast to 10 mph after midnight.
.SATURDAY...Sunny. Highs in the upper 70s to mid 80s. Light wind
becoming north to 10 mph in the afternoon.
.SATURDAY NIGHT...Clear. Lows in the mid to upper 50s. North wind
around 10 mph becoming northeast to 10 mph after midnight.
.SUNDAY...Sunny. Highs in the 80s to lower 90s. North wind to
10 mph.
.SUNDAY NIGHT...Clear. Lows near 60.
.MONDAY...Sunny. Highs near 90.
.MONDAY NIGHT...Mostly clear. Lows near 60.
.TUESDAY...Mostly sunny. Highs in the lower to mid 80s.
.TUESDAY NIGHT...Mostly clear. A slight chance of showers after
midnight. Lows in the upper 50s.
.WEDNESDAY...Partly sunny with a slight chance of showers. Highs
near 80.
.WEDNESDAY NIGHT...Mostly clear. Lows in the mid to upper 50s.
.THURSDAY...Mostly sunny. Highs in the upper 70s.
TEMPERATURE / PRECIPITATION
Puyallup 77 55 85 / 0 0 0
Tacoma 76 54 85 / 0 0 0
$$
WAZ556-052300-
Bellevue and Vicinity-
Including the cities of Bellevue, Kirkland, Redmond, and Issaquah
318 AM PDT Fri Aug 5 2022
.TODAY...Sunny. Highs in the 70s. North wind to 10 mph increasing
to 10 to 15 mph in the afternoon.
.TONIGHT...Clear. Lows in the 50s. North wind 10 to 15 mph
becoming northeast after midnight.
.SATURDAY...Sunny. Highs in the 80s. Light wind becoming north
around 10 mph in the afternoon.
.SATURDAY NIGHT...Clear. Lows in the mid 50s to lower 60s. North
wind around 10 mph becoming northeast to 10 mph after midnight.
.SUNDAY...Sunny. Highs in the mid 80s to lower 90s. Light wind
becoming north around 10 mph in the afternoon.
.SUNDAY NIGHT...Clear. Lows near 60.
.MONDAY...Sunny. Highs near 90.
.MONDAY NIGHT...Mostly clear. Lows in the lower 60s.
.TUESDAY...Mostly sunny. Highs in the lower to mid 80s.
.TUESDAY NIGHT...Mostly clear. A slight chance of showers after
midnight. Lows near 60.
.WEDNESDAY...Mostly sunny. A chance of showers in the morning,
then a slight chance of showers in the afternoon. Highs near 80.
.WEDNESDAY NIGHT...Mostly clear. Lows in the upper 50s.
.THURSDAY...Mostly sunny. Highs near 80.
TEMPERATURE / PRECIPITATION
Bellevue 75 56 84 / 0 0 0
$$
WAZ555-052300-
East Puget Sound Lowlands-
Including the cities of Gold Bar, Enumclaw, North Bend,
and Buckley
318 AM PDT Fri Aug 5 2022
.TODAY...Sunny. Highs in the 70s to lower 80s. North wind to
10 mph becoming northwest in the afternoon.
.TONIGHT...Clear. Lows in the lower to mid 50s. Northwest wind
10 to 15 mph becoming northeast after midnight.
.SATURDAY...Sunny. Highs in the 80s. Light wind becoming
northwest around 10 mph in the afternoon.
.SATURDAY NIGHT...Clear. Lows in the mid 50s to lower 60s. North
wind to 10 mph becoming northeast after midnight.
.SUNDAY...Sunny. Highs in the mid 80s to lower 90s. North wind to
10 mph becoming northwest around 10 mph in the afternoon.
.SUNDAY NIGHT...Clear. Lows near 60.
.MONDAY...Sunny. Highs near 90.
.MONDAY NIGHT...Mostly clear. Lows near 60.
.TUESDAY...Mostly sunny. Highs in the lower to mid 80s.
.TUESDAY NIGHT...Partly cloudy. A slight chance of showers after
midnight. Lows near 60.
.WEDNESDAY...Partly sunny. A chance of showers in the morning,
then a slight chance of showers in the afternoon. Highs near 80.
.WEDNESDAY NIGHT...Partly cloudy. A slight chance of showers in
the evening. Lows in the mid to upper 50s.
.THURSDAY...Mostly sunny. Highs near 80.
TEMPERATURE / PRECIPITATION
Gold Bar 78 55 86 / 0 0 0
Enumclaw 76 53 84 / 0 0 0
North Bend 80 53 88 / 0 0 0
$$
WAZ503-052300-
Western Whatcom County-
Including the cities of Bellingham, Blaine, and Lynden
318 AM PDT Fri Aug 5 2022
.TODAY...Sunny. Highs in the 70s. North wind 10 to 15 mph
becoming northwest 10 to 20 mph in the afternoon.
.TONIGHT...Clear. Lows in the 50s to lower 60s. West wind 10 to
20 mph becoming south to 10 mph after midnight.
.SATURDAY...Sunny. Highs in the mid 70s to lower 80s. Northwest
wind 10 to 15 mph becoming west in the afternoon.
.SATURDAY NIGHT...Clear. Lows in the mid 50s to lower 60s. West
wind to 10 mph becoming east after midnight.
.SUNDAY...Sunny. Highs in the upper 70s to mid 80s. Northwest
wind 10 to 20 mph becoming west 10 to 15 mph in the afternoon.
.SUNDAY NIGHT...Clear. Lows near 60.
.MONDAY...Sunny. Highs in the 80s.
.MONDAY NIGHT...Mostly clear. Lows near 60.
.TUESDAY...Sunny. Highs in the upper 70s to mid 80s.
.TUESDAY NIGHT...Partly cloudy. Lows near 60.
.WEDNESDAY...Partly sunny with a chance of showers. Highs in the
mid to upper 70s.
.WEDNESDAY NIGHT...Mostly cloudy in the evening then becoming
partly cloudy. A slight chance of showers. Lows in the upper 50s.
.THURSDAY...Mostly sunny. A slight chance of showers in the
morning. Highs in the 70s.
TEMPERATURE / PRECIPITATION
Bellingham 75 54 80 / 0 0 0
Sumas 80 54 85 / 0 0 0
$$
WAZ506-052300-
Western Skagit County-
Including the cities of Mount Vernon, Anacortes, Sedro-Woolley,
and Burlington
318 AM PDT Fri Aug 5 2022
.TODAY...Mostly sunny. Patchy fog in the morning. Highs in the
upper 60s to mid 70s. North wind 10 to 15 mph becoming northwest
10 to 20 mph in the afternoon.
.TONIGHT...Clear. Lows in the lower to mid 50s. Northwest wind
10 to 15 mph becoming west after midnight.
.SATURDAY...Sunny. Highs in the 70s. West wind to 10 mph becoming
northwest in the afternoon.
.SATURDAY NIGHT...Clear. Lows in the 50s. Northwest wind to
10 mph becoming north after midnight.
.SUNDAY...Sunny. Highs in the mid 70s to lower 80s. West wind
10 to 15 mph becoming northwest in the afternoon.
.SUNDAY NIGHT...Clear. Lows in the mid to upper 50s.
.MONDAY...Sunny. Highs in the upper 70s to mid 80s.
.MONDAY NIGHT...Mostly clear. Lows in the upper 50s.
.TUESDAY...Mostly sunny. Highs in the mid 70s to lower 80s.
.TUESDAY NIGHT...Partly cloudy. Lows in the upper 50s.
.WEDNESDAY...Partly sunny with a chance of showers. Highs in the
70s.
.WEDNESDAY NIGHT...Partly cloudy with a slight chance of showers.
Lows in the mid to upper 50s.
.THURSDAY...Mostly sunny. A slight chance of showers in the
morning. Highs in the 70s.
TEMPERATURE / PRECIPITATION
Anacortes 73 54 77 / 0 0 0
Mount Vernon 74 53 81 / 0 0 0
$$
WAZ001-052300-
San Juan County-
Including the cities of Friday Harbor, Eastsound,
and Roche Harbor
318 AM PDT Fri Aug 5 2022
.TODAY...Partly sunny in the morning then becoming sunny. Highs
in the upper 60s to mid 70s. North wind 10 to 20 mph becoming
northwest 10 to 15 mph in the afternoon.
.TONIGHT...Clear. Lows in the 50s to lower 60s. West wind 10 to
15 mph.
.SATURDAY...Sunny. Highs in the 70s to lower 80s. North wind
10 to 15 mph decreasing to 10 mph or less in the afternoon.
.SATURDAY NIGHT...Clear. Lows in the mid 50s to lower 60s. West
wind to 10 mph becoming north after midnight.
.SUNDAY...Sunny. Highs in the 70s to lower 80s. North wind 10 to
15 mph.
.SUNDAY NIGHT...Clear. Lows in the mid 50s to lower 60s.
.MONDAY...Sunny. Highs in the mid 70s to lower 80s.
.MONDAY NIGHT...Mostly clear. Lows in the mid to upper 50s.
.TUESDAY...Mostly sunny. Highs in the mid 70s to lower 80s.
.TUESDAY NIGHT...Partly cloudy. A slight chance of showers after
midnight. Lows in the mid to upper 50s.
.WEDNESDAY...Partly sunny with a chance of showers. Highs in the
70s.
.WEDNESDAY NIGHT...Partly cloudy with a slight chance of showers.
Lows in the mid to upper 50s.
.THURSDAY...Mostly sunny with a slight chance of showers. Highs
in the lower to mid 70s.
TEMPERATURE / PRECIPITATION
Friday Harbor 74 53 79 / 0 0 0
Eastsound 72 58 76 / 0 0 0
$$
WAZ510-052300-
Admiralty Inlet Area-
Including the cities of Port Townsend and Port Ludlow
318 AM PDT Fri Aug 5 2022
.TODAY...Mostly sunny. Highs in the upper 60s to mid 70s.
Northwest wind 10 to 15 mph with gusts to 25 mph.
.TONIGHT...Clear. Lows in the 50s. Northwest wind 10 to 15 mph
decreasing to 10 mph or less after midnight.
.SATURDAY...Sunny. Highs in the 70s. Northwest wind 10 to 15 mph.
.SATURDAY NIGHT...Clear. Lows in the 50s. Northwest wind around
10 mph.
.SUNDAY...Sunny. Highs in the 70s to lower 80s. Northwest wind
around 10 mph.
.SUNDAY NIGHT...Clear. Lows in the mid to upper 50s.
.MONDAY...Sunny. Highs in the mid 70s to lower 80s.
.MONDAY NIGHT...Mostly clear. Lows in the mid to upper 50s.
.TUESDAY...Mostly sunny. Highs in the 70s to lower 80s.
.TUESDAY NIGHT...Partly cloudy. Lows in the mid to upper 50s.
.WEDNESDAY...Partly sunny. A chance of showers in the morning,
then a slight chance of showers in the afternoon. Highs in the
70s.
.WEDNESDAY NIGHT...Partly cloudy with a slight chance of showers.
Lows in the mid 50s.
.THURSDAY...Mostly sunny. Highs in the upper 60s to mid 70s.
TEMPERATURE / PRECIPITATION
Oak Harbor 67 52 71 / 0 0 0
Port Townsend 70 54 75 / 0 0 0
$$
WAZ511-052300-
Hood Canal Area-
Including the cities of Hoodsport and Brinnon
318 AM PDT Fri Aug 5 2022
.TODAY...Sunny. Highs in the 70s. North wind 10 to 20 mph
becoming northeast in the afternoon.
.TONIGHT...Clear. Lows in the 50s. Northeast wind 10 to 15 mph
becoming south after midnight.
.SATURDAY...Sunny. Highs in the mid 70s to lower 80s. South wind
10 to 15 mph becoming north in the afternoon.
.SATURDAY NIGHT...Clear. Lows in the mid 50s to lower 60s.
Northeast wind 10 to 15 mph becoming north after midnight.
.SUNDAY...Sunny. Highs in the upper 70s to mid 80s. North wind
10 to 15 mph becoming northeast in the afternoon.
.SUNDAY NIGHT...Clear. Lows in the upper 50s.
.MONDAY...Sunny. Highs in the mid 80s to lower 90s.
.MONDAY NIGHT...Mostly clear. Lows in the upper 50s.
.TUESDAY...Mostly sunny. Highs in the lower to mid 80s.
.TUESDAY NIGHT...Partly cloudy. A slight chance of showers after
midnight. Lows in the mid to upper 50s.
.WEDNESDAY...Partly sunny. A chance of showers in the morning,
then a slight chance of showers in the afternoon. Highs in the
mid to upper 70s.
.WEDNESDAY NIGHT...Partly cloudy. Lows in the mid 50s.
.THURSDAY...Mostly sunny. Highs in the mid to upper 70s.
TEMPERATURE / PRECIPITATION
Shelton 79 51 87 / 0 0 0
$$
WAZ504-052300-
Southwest Interior-
Including the cities of Olympia, Lacey, Tumwater, Centralia,
and Toledo
318 AM PDT Fri Aug 5 2022
.TODAY...Sunny. Highs in the mid 70s to lower 80s. North wind
10 to 15 mph.
.TONIGHT...Clear. Lows in the lower to mid 50s. North wind to
10 mph becoming northwest after midnight.
.SATURDAY...Sunny. Highs in the 80s to lower 90s. North wind to
10 mph.
.SATURDAY NIGHT...Clear. Lows in the 50s. North wind to 10 mph.
.SUNDAY...Sunny. Highs in the upper 80s to mid 90s. North wind to
10 mph increasing to 10 to 15 mph in the afternoon.
.SUNDAY NIGHT...Clear. Lows in the mid to upper 50s.
.MONDAY...Sunny. Highs in the lower 90s.
.MONDAY NIGHT...Mostly clear. Lows in the mid to upper 50s.
.TUESDAY...Mostly sunny. Highs in the lower to mid 80s.
.TUESDAY NIGHT...Partly cloudy. A slight chance of showers after
midnight. Lows in the mid to upper 50s.
.WEDNESDAY...Mostly sunny. A slight chance of showers in the
morning. Highs near 80.
.WEDNESDAY NIGHT...Mostly clear. Lows in the lower to mid 50s.
.THURSDAY...Mostly sunny. Highs near 80.
TEMPERATURE / PRECIPITATION
Chehalis 79 52 87 / 0 0 0
Olympia 79 50 88 / 0 0 0
$$
WAZ512-052300-
Lower Chehalis Valley Area-
Including the city of Montesano
318 AM PDT Fri Aug 5 2022
.TODAY...Sunny. Patchy fog in the morning. Highs in the 70s to
lower 80s. Northeast wind to 10 mph becoming north in the
afternoon.
.TONIGHT...Mostly clear. Lows in the upper 40s to mid 50s. West
wind 10 to 15 mph becoming south after midnight.
.SATURDAY...Sunny. Highs in the 80s. East wind to 10 mph becoming
northeast in the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows in the mid to upper 50s.
Northwest wind to 10 mph becoming east after midnight.
.SUNDAY...Sunny. Highs in the mid 80s to lower 90s. East wind
10 to 15 mph becoming northeast in the afternoon.
.SUNDAY NIGHT...Clear. Lows in the mid to upper 50s.
.MONDAY...Sunny. Highs in the 80s to lower 90s.
.MONDAY NIGHT...Mostly clear in the evening then becoming mostly
cloudy. Lows in the mid 50s.
.TUESDAY...Partly sunny. Highs in the mid 70s to lower 80s.
.TUESDAY NIGHT...Partly cloudy in the evening, then mostly cloudy
with a slight chance of showers after midnight. Lows in the mid
50s.
.WEDNESDAY...Partly sunny. A slight chance of showers in the
morning. Highs in the 70s.
.WEDNESDAY NIGHT...Partly cloudy. Lows in the lower to mid 50s.
.THURSDAY...Partly sunny. Highs in the 70s.
$$
WAZ514-052300-
Eastern Strait of Juan de Fuca-
Including the cities of Sequim and Port Angeles
318 AM PDT Fri Aug 5 2022
.TODAY...Mostly sunny. Highs in the upper 60s to mid 70s. West
wind 10 to 15 mph becoming variable to 10 mph in the afternoon.
.TONIGHT...Mostly clear. Lows in the 50s. West wind 10 to 15 mph
decreasing to variable to 10 mph after midnight.
.SATURDAY...Sunny. Highs in the 70s to lower 80s. Wind variable
to 10 mph.
.SATURDAY NIGHT...Clear. Lows in the mid to upper 50s. Wind
variable to 10 mph.
.SUNDAY...Sunny. Highs in the mid 70s to lower 80s. Wind variable
to 10 mph.
.SUNDAY NIGHT...Clear. Lows in the mid to upper 50s.
.MONDAY...Sunny. Highs near 80.
.MONDAY NIGHT...Mostly clear. Lows in the mid to upper 50s.
.TUESDAY...Mostly sunny. Highs in the mid to upper 70s.
.TUESDAY NIGHT...Partly cloudy. Lows in the mid 50s.
.WEDNESDAY...Partly sunny. A chance of showers in the morning,
then a slight chance of showers in the afternoon. Highs in the
lower to mid 70s.
.WEDNESDAY NIGHT...Partly cloudy. A slight chance of showers in
the evening. Lows in the lower to mid 50s.
.THURSDAY...Mostly sunny. Highs near 70.
TEMPERATURE / PRECIPITATION
Port Angeles 70 53 76 / 0 0 0
Sequim 73 54 78 / 0 0 0
$$
WAZ515-052300-
Western Strait of Juan De Fuca-
Including the cities of Joyce and Clallam Bay
318 AM PDT Fri Aug 5 2022
.TODAY...Sunny. Highs in the 60s. Wind variable to 10 mph.
.TONIGHT...Clear. Lows in the upper 40s to mid 50s. West wind
10 to 15 mph becoming variable to 10 mph after midnight.
.SATURDAY...Sunny. Highs in the upper 60s to mid 70s. Wind
variable to 10 mph.
.SATURDAY NIGHT...Clear. Lows in the 50s. Wind variable to
10 mph.
.SUNDAY...Sunny. Highs in the 70s. Wind variable to 10 mph.
.SUNDAY NIGHT...Clear. Lows in the mid to upper 50s.
.MONDAY...Sunny. Highs in the 70s.
.MONDAY NIGHT...Mostly clear. Lows in the mid 50s.
.TUESDAY...Mostly sunny. Highs in the upper 60s to mid 70s.
.TUESDAY NIGHT...Partly cloudy. A slight chance of showers after
midnight. Lows in the lower to mid 50s.
.WEDNESDAY...Partly sunny with a chance of showers. Highs in the
mid to upper 60s.
.WEDNESDAY NIGHT...Partly cloudy. A slight chance of showers in
the evening. Lows in the lower to mid 50s.
.THURSDAY...Mostly sunny. Highs in the mid to upper 60s.
TEMPERATURE / PRECIPITATION
Sekiu 66 54 72 / 0 0 0
$$
WAZ517-052300-
Central Coast-
Including the cities of Hoquiam, Aberdeen, Westport,
and Ocean Shores
318 AM PDT Fri Aug 5 2022
.TODAY...Sunny. Highs in the upper 60s to mid 70s. Northeast wind
to 10 mph increasing to west 10 to 20 mph in the afternoon.
.TONIGHT...Mostly clear. Lows in the lower to mid 50s. Northwest
wind 10 to 20 mph becoming north to 10 mph after midnight.
.SATURDAY...Sunny. Highs in the 70s. Light wind becoming west
10 to 15 mph in the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows in the mid to upper 50s.
Northwest wind 10 to 15 mph becoming east after midnight.
.SUNDAY...Sunny. Highs in the mid 70s to lower 80s. Northeast
wind to 10 mph becoming west in the afternoon.
.SUNDAY NIGHT...Mostly clear. Lows in the mid 50s.
.MONDAY...Mostly sunny. Highs in the 70s.
.MONDAY NIGHT...Partly cloudy in the evening then becoming mostly
cloudy. Lows in the mid to upper 50s.
.TUESDAY...Partly sunny. Highs in the upper 60s to mid 70s.
.TUESDAY NIGHT...Mostly cloudy. A slight chance of showers after
midnight. Lows in the mid 50s.
.WEDNESDAY...Mostly cloudy. A chance of showers in the morning,
then a slight chance of showers in the afternoon. Highs in the
mid 60s to lower 70s.
.WEDNESDAY NIGHT...Partly cloudy in the evening then becoming
mostly cloudy. Patchy fog after midnight. Lows in the lower to
mid 50s.
.THURSDAY...Partly sunny. Patchy fog in the morning. Highs near
70.
TEMPERATURE / PRECIPITATION
Hoquiam 68 53 74 / 0 0 0
$$
WAZ516-052300-
North Coast-
Including the cities of Neah Bay, La Push, and Forks
318 AM PDT Fri Aug 5 2022
.TODAY...Sunny. Highs in the mid 60s to lower 70s. Northeast wind
to 10 mph increasing to northwest 10 to 20 mph in the afternoon.
.TONIGHT...Mostly clear. Lows in the lower to mid 50s. Northwest
wind 10 to 20 mph becoming east to 10 mph after midnight.
.SATURDAY...Sunny. Highs in the 70s. East wind to 10 mph becoming
west in the afternoon.
.SATURDAY NIGHT...Mostly clear. Lows in the mid to upper 50s.
Northwest wind 10 to 15 mph becoming northeast after midnight.
.SUNDAY...Sunny. Highs in the 70s. East wind 10 to 15 mph
becoming west in the afternoon.
.SUNDAY NIGHT...Mostly clear. Lows in the mid to upper 50s.
.MONDAY...Sunny. Highs in the 70s.
.MONDAY NIGHT...Partly cloudy. Lows in the mid 50s.
.TUESDAY...Partly sunny. Highs in the upper 60s to mid 70s.
.TUESDAY NIGHT...Partly cloudy in the evening, then mostly cloudy
with a slight chance of showers after midnight. Lows in the mid
50s.
.WEDNESDAY...Partly sunny. A chance of showers in the morning,
then a slight chance of showers in the afternoon. Highs in the
mid 60s to lower 70s.
.WEDNESDAY NIGHT...Partly cloudy with a slight chance of showers
in the evening, then mostly cloudy after midnight. Lows in the
mid 50s.
.THURSDAY...Partly sunny. Highs in the mid 60s to lower 70s.
TEMPERATURE / PRECIPITATION
Forks 73 52 78 / 0 0 0
$$
WAZ513-052300-
Olympics-
318 AM PDT Fri Aug 5 2022
.TODAY...Sunny. Freezing level near 11500 feet.
.TONIGHT...Clear. Freezing level near 12500 feet.
.SATURDAY...Sunny. Freezing level near 14500 feet.
.SATURDAY NIGHT...Clear. Freezing level near 16000 feet.
.SUNDAY...Sunny. Freezing level near 16000 feet.
.SUNDAY NIGHT...Clear. Freezing level near 15500 feet.
.MONDAY...Sunny. Freezing level near 15000 feet.
.MONDAY NIGHT...Mostly clear. Freezing level near 14500 feet.
.TUESDAY...Mostly sunny. Freezing level near 14000 feet.
.TUESDAY NIGHT...Partly cloudy. A slight chance of showers after
midnight. Snow level near 11000 feet.
.WEDNESDAY...Partly sunny. A chance of showers in the morning,
then a slight chance of showers in the afternoon. Snow level near
10500 feet.
.WEDNESDAY NIGHT...Partly cloudy. A slight chance of showers in
the evening. Snow level near 10000 feet.
.THURSDAY...Mostly sunny. Freezing level near 11500 feet.
TEMPERATURE / PRECIPITATION
Hurricane Ridge 60 49 68 / 0 0 0
$$
WAZ567-052300-
Cascades of Whatcom and Skagit Counties-
Including the cities of Marblemount and Concrete
318 AM PDT Fri Aug 5 2022
.TODAY...Sunny. Freezing level near 10500 feet.
.TONIGHT...Clear. Freezing level near 11500 feet.
.SATURDAY...Sunny. Freezing level near 13500 feet.
.SATURDAY NIGHT...Clear. Freezing level near 15500 feet.
.SUNDAY...Sunny. Freezing level near 15500 feet.
.SUNDAY NIGHT...Clear. Freezing level near 15500 feet.
.MONDAY...Sunny. Freezing level near 15500 feet.
.MONDAY NIGHT...Mostly clear. Freezing level near 15000 feet.
.TUESDAY...Sunny. Freezing level near 14500 feet.
.TUESDAY NIGHT...Partly cloudy with a slight chance of showers.
Snow level near 12500 feet.
.WEDNESDAY...Partly sunny with a chance of showers and a slight
chance of thunderstorms. Snow level near 11500 feet.
.WEDNESDAY NIGHT...Mostly cloudy with a chance of showers, snow
showers and a slight chance of thunderstorms in the evening, then
partly cloudy with a slight chance of showers after midnight.
Snow level near 10500 feet.
.THURSDAY...Mostly sunny with a slight chance of showers. Snow
level near 10000 feet.
TEMPERATURE / PRECIPITATION
Mount Baker 64 50 70 / 0 0 0
$$
WAZ568-052300-
Cascades of Snohomish and King Counties-
Including the cities of Snoqualmie Pass, Darrington, and Index
318 AM PDT Fri Aug 5 2022
.TODAY...Sunny. Freezing level near 11500 feet. Afternoon pass
temperatures in the lower 70s. Southeast wind in the passes
around 10 mph becoming east in the afternoon.
.TONIGHT...Clear. Freezing level near 11500 feet. North wind in
the passes around 10 mph in the evening becoming light.
.SATURDAY...Sunny. Freezing level near 13500 feet. Afternoon pass
temperatures in the mid to upper 70s. Light wind in the passes
becoming west around 10 mph in the afternoon.
.SATURDAY NIGHT...Clear. Freezing level near 15500 feet. North
wind in the passes around 10 mph becoming east after midnight.
.SUNDAY...Sunny. Freezing level near 16000 feet. Afternoon pass
temperatures in the lower to mid 80s. Southeast wind in the
passes around 10 mph in the morning becoming light.
.SUNDAY NIGHT...Clear. Freezing level near 16000 feet.
.MONDAY...Sunny. Freezing level near 15000 feet.
.MONDAY NIGHT...Mostly clear. Freezing level near 15000 feet.
.TUESDAY...Mostly sunny. Freezing level near 14500 feet.
.TUESDAY NIGHT...Partly cloudy. A slight chance of showers after
midnight. Snow level near 12000 feet.
.WEDNESDAY...Partly sunny with a chance of showers and a slight
chance of thunderstorms. Snow level near 11500 feet.
.WEDNESDAY NIGHT...Partly cloudy with a slight chance of showers.
Snow level near 10000 feet.
.THURSDAY...Mostly sunny. Freezing level near 12000 feet.
TEMPERATURE / PRECIPITATION
Snoqualmie Pass 72 48 78 / 0 0 0
Stevens Pass 70 50 76 / 0 0 0
$$
WAZ569-052300-
Cascades of Pierce and Lewis Counties-
Including the cities of Randle, Packwood, Ashford, and Morton
318 AM PDT Fri Aug 5 2022
.TODAY...Sunny. Freezing level near 12500 feet.
.TONIGHT...Clear. Freezing level near 12500 feet.
.SATURDAY...Sunny. Freezing level near 14000 feet.
.SATURDAY NIGHT...Clear. Freezing level near 16000 feet.
.SUNDAY...Sunny. Freezing level near 16000 feet.
.SUNDAY NIGHT...Clear. Freezing level near 16000 feet.
.MONDAY...Sunny. Freezing level near 15000 feet.
.MONDAY NIGHT...Mostly clear. Freezing level near 15000 feet.
.TUESDAY...Mostly sunny. A slight chance of showers in the
afternoon. Snow level near 12500 feet.
.TUESDAY NIGHT...Partly cloudy with a slight chance of showers.
Snow level near 12000 feet.
.WEDNESDAY...Mostly sunny with a slight chance of showers. Snow
level near 10500 feet.
.WEDNESDAY NIGHT...Mostly clear. Freezing level near 12500 feet.
.THURSDAY...Sunny. Freezing level near 12500 feet.
$$
_____
Copyright 2022 AccuWeather
|
https://www.myjournalcourier.com/weather/article/WA-Seattle-WA-Zone-Forecast-17353790.php
| 2022-08-05T11:12:03
|
en
| 0.905078
|
Second Quarter Revenue of $97.8 million, up 19% Year-over-Year; Net Income from Continuing Operations of $22.0 million; and Adjusted EBITDA(1) of $41.2 million, up 12% Year-over-Year
BROOMFIELD, Colo., Aug. 5, 2022 /PRNewswire/ -- Gogo Inc. (NASDAQ: GOGO) ("Gogo" or the "Company"), the world's largest provider of broadband connectivity services for the business aviation market, today announced its financial results for the quarter ended June 30, 2022.
- Gogo announced its plans to launch the first low earth orbit ("LEO")-based global broadband service in business aviation ("Global Broadband") using an electronically steered antenna designed with Hughes Network Systems and a LEO satellite network operated by OneWeb.
- Record total revenue of $97.8 million increased 19% compared to Q2 2021 fueled by strong growth in both service and equipment revenue.
- Record service revenue of $73.1 million increased 13% compared to Q2 2021 and 3% compared to Q1 2022.
- Equipment revenue of $24.8 million increased 41% compared to Q2 2021 and 12% compared to Q1 2022.
- Total ATG aircraft online ("AOL") reached 6,654, an increase of 10% compared to Q2 2021 and 2% compared to Q1 2022.
- Total AVANCE units online grew to 2,893, an increase of 40% compared to Q2 2021 and 7% compared to Q1 2022. AVANCE units comprised more than 43% of total AOL as of June 30, 2022, up from 34% as of June 30, 2021.
- Average Monthly Revenue per ATG aircraft online ("ARPU") of $3,328 increased 1% compared to Q2 2021 and was flat versus Q1 2022.
- Net income from continuing operations increased to $22.0 million compared to a net loss from continuing operations of $66.4 million in Q2 2021, primarily due to a loss on extinguishment of debt and settlement of convertible notes of $79.6 million recorded in Q2 2021.
- Basic earnings per share from continuing operations in Q2 2022 was $0.18. Diluted earnings per share from continuing operations was $0.17.
- Adjusted EBITDA(1) of $41.2 million, which includes $1.2 million of expenses related to Global Broadband, increased 12% compared to Q2 2021 and decreased 4% compared to Q1 2022.
- Cash provided by operating activities from continuing operations of $26.4 million in Q2 2022 increased from cash used in operating activities of $15.0 million in the prior year period primarily due to the timing of interest payments.
- Free Cash Flow(1) was $15.5 million compared with negative $24.7 million in the prior year period due to the timing of interest payments partially offset by an increase in capital expenditures primarily tied to Gogo 5G.
- Cash and cash equivalents totaled $164.0 million as of June 30, 2022 compared to $152.8 million as of March 31, 2022.
"Customer excitement is growing as we prepare for the launch of Gogo 5G, which will provide a 5-10x bandwidth improvement for current Gogo customers," said Oakleigh Thorne, Chairman and CEO. "With the announcement of our Global Broadband initiative, we continue to leverage our AVANCE platform to provide an easy upgrade path for aircraft of all sizes to further boost performance and expand our addressable market."
"The strength of the BA market combined with solid execution drove record performance in the quarter, positioning us well for continuing revenue and Free Cash Flow growth," said Barry Rowan, Gogo's Executive Vice President and CFO. "Based on our continuing strong performance we are raising several key elements of our guidance, including 2022 revenue; 2022 Adjusted EBITDA at the high end of our range in spite of $9 million in strategic investments and litigation expenses; and our long-term revenue growth rate, based on the contribution from our Global Broadband initiative."
The Company updates its guidance for 2022 as follows:
- Total revenue at the high end of the previously guided range of $390 million to $400 million.
- Adjusted EBITDA(1) at the high end of the previously guided range of $150 million to $160 million, which includes a combined $9 million of estimated litigation expenses and estimated operating expenses for Global Broadband, which were not reflected in the initial 2022 guidance range.
- Free Cash Flow(1) of $35 million to $45 million, which includes capital expenditures of approximately $65 million of which approximately $50 million are tied to Gogo 5G (no change to prior guidance).
(1) See "Non-GAAP Financial Measures" below.
The Company updates its long-term targets as follows:
- Revenue growth at a compound annual growth rate of approximately 17% from 2021 through 2026, with Global Broadband contributing to revenue beginning in 2025 (versus prior target of approximately 15% which excluded Global Broadband).
- Annual Adjusted EBITDA Margin(1) approaching 50% in 2026, up from the low 40%'s in 2022 and 2023 (no change to prior target).
- Free Cash Flow(1) of approximately $110 million in 2023, reflecting $10 million of operating expenses tied to Global Broadband, and an aggregate $5 million of additional interest expense and legal expenses tied to the SmartSky litigation that were not included in the previously announced Free Cash Flow target of $125 million. The Company reiterates its target for Free Cash Flow of over $200 million beginning in 2025.
Free Cash Flow and Adjusted EBITDA in 2022 and 2023 do not reflect the potential impact of Gogo 5G timing.
The Company's 2022 financial guidance and long-term targets include Global Broadband but do not reflect the impact of other new strategic investments or the Federal Communications Commission's Secure and Trusted Communications Networks Reimbursement Program, as the Company awaits further information regarding whether Congress will appropriate additional funds for eligible expenditures under the Program.
The Company will host its second quarter conference call on August 5, 2022, at 9:30 a.m. ET. A live webcast of the conference call, as well as a replay, will be available online on the Investor Relations section of the Company's investor website at https://ir.gogoair.com.
Participants can also join the call by dialing +1 844-543-0451 (within the United States and Canada). Please click on the below link to retrieve your unique conference ID to use to access the earnings call:
https://register.vevent.com/register/BI17160ac541d64e8a9a122b802daa77b8
We report certain non-GAAP financial measurements, including Adjusted EBITDA and Free Cash Flow, in the supplemental tables below, and we refer to Adjusted EBITDA Margin in our discussion of long-term baseline targets above. Management uses Adjusted EBITDA, Adjusted EBITDA Margin and Free Cash Flow for business planning purposes, including managing our business against internally projected results of operations and measuring our performance and liquidity. These supplemental performance measures also provide another basis for comparing period-to-period results by excluding potential differences caused by non-operational and unusual or non-recurring items. These supplemental performance measurements may vary from and may not be comparable to similarly titled measures used by other companies. Adjusted EBITDA, Adjusted EBITDA Margin and Free Cash Flow are not recognized measurements under accounting principles generally accepted in the United States, or GAAP; when analyzing our performance with Adjusted EBITDA or Adjusted EBITDA Margin or liquidity with Free Cash Flow, as applicable, investors should (i) evaluate each adjustment in our reconciliation to the corresponding GAAP measure, and the explanatory footnotes regarding those adjustments, (ii) use Adjusted EBITDA and Adjusted EBITDA Margin in addition to, and not as an alternative to, net income (loss) attributable to common stock as a measure of operating results, and (iii) use Free Cash Flow in addition to, and not as an alternative to, consolidated net cash provided by (used in) operating activities when evaluating our liquidity. No reconciliation of the forecasted range for Adjusted EBITDA for fiscal 2022, Adjusted EBITDA Margin for fiscal 2022, 2023 and 2026 and Free Cash Flow for fiscal 2023 and 2025 is included in this release because we are unable to quantify certain amounts that would be required to be included in the corresponding GAAP measure without unreasonable efforts and we believe such reconciliation would imply a degree of precision that would be confusing or misleading to investors.
Certain disclosures in this press release and related comments by our management include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding our business outlook, industry, business strategy, plans, goals and expectations concerning our market position, international expansion, future technologies, future operations, margins, profitability, future efficiencies, capital expenditures, liquidity and capital resources and other financial and operating information. When used in this discussion, the words "anticipate," "assume," "believe," "budget," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "plan," "potential," "predict," "project," "should," "will," "future" and the negative of these or similar terms and phrases are intended to identify forward-looking statements in this press release. Forward-looking statements are based on our current expectations regarding future events, results or outcomes. These expectations may or may not be realized. Although we believe the expectations reflected in the forward-looking statements are reasonable, we can give you no assurance these expectations will prove to have been correct. Some of these expectations may be based upon assumptions, data or judgments that prove to be incorrect. Actual events, results and outcomes may differ materially from our expectations due to a variety of known and unknown risks, uncertainties and other factors. Although it is not possible to identify all of these risks and factors, they include, among others, the following: our ability to attract and retain customers and generate revenue from the provision of our connectivity and entertainment services; our reliance on our key OEMs and dealers for equipment sales; our ability to develop and deploy Gogo 5G and Global Broadband; the impact of competition; the impact of the COVID-19 pandemic and the measures implemented to combat it; global supply chain and logistics issues and the possible impact of inflation; our ability to evaluate or pursue strategic opportunities; our reliance on third parties for equipment and services; our ability to recruit, train and retain highly skilled employees; the impact of adverse economic conditions; our ability to maintain our rights to use our licensed 3 MHz of ATG spectrum in the United States and obtain rights to additional spectrum if needed; the impact of our use of open source software; the impact of equipment failures or material software defects; the impact of service disruptions caused by, among other things, force majeure events, cyber attacks or other malicious activities; the impact of assertions by third parties of infringement, misappropriation or other violations; our ability to innovate and provide products and services; the impact of government regulation of the internet and conflict minerals; our possession and use of personal information; the extent of expenses, liabilities or business disruption resulting from litigation; our ability to protect our intellectual property rights; our substantial indebtedness, limitations and restrictions in the agreements governing our current and future indebtedness and our ability to service our indebtedness; fluctuations in our operating results; our ability to fully utilize portions of our deferred tax assets; and other events beyond our control that may result in unexpected adverse operating results.
Additional information concerning these and other factors can be found under the caption "Risk Factors" in our annual report on Form 10-K for the year ended December 31, 2021 as filed with the Securities and Exchange Commission (the "SEC") on March 3, 2022 and in our quarterly reports on Form 10-Q as filed with the SEC on May 5, 2022 and August 5, 2022.
Any one of these factors or a combination of these factors could materially affect our financial condition or future results of operations and could influence whether any forward-looking statements contained in this report ultimately prove to be accurate. Our forward-looking statements are not guarantees of future performance, and you should not place undue reliance on them. All forward-looking statements speak only as of the date made and we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Gogo is the world's largest provider of broadband connectivity services for the business aviation market. We offer a customizable suite of smart cabin systems for highly integrated connectivity, inflight entertainment and voice solutions. Gogo's products and services are installed on thousands of business aircraft of all sizes and mission types from turboprops to the largest global jets, and are utilized by the largest fractional ownership operators, charter operators, corporate flight departments and individuals.
As of June 30, 2022, Gogo reported 2,893 business aircraft flying with Gogo's AVANCE L5 or L3 system installed, 6,654 aircraft flying with its ATG systems onboard, and 4,462 aircraft with narrowband satellite connectivity installed. Connect with us at business.gogoair.com.
- ATG aircraft online. We define ATG aircraft online as the total number of business aircraft for which we provide ATG services as of the last day of each period presented. This number excludes aircraft receiving ATG service as part of the ATG Network Sharing Agreement with Intelsat.
- Satellite aircraft online. We define satellite aircraft online as the total number of business aircraft for which we provide narrowband satellite services as of the last day of each period presented.
- Average monthly connectivity service revenue per ATG aircraft online. We define average monthly connectivity service revenue per ATG aircraft online as the aggregate ATG connectivity service revenue for the period divided by the number of months in the period, divided by the number of ATG aircraft online during the period (expressed as an average of the month end figures for each month in such period). Revenue share earned from the ATG Network Sharing Agreement with Intelsat is excluded from this calculation.
- Average monthly connectivity service revenue per satellite aircraft online. We define average monthly connectivity service revenue per satellite aircraft online as the aggregate narrowband satellite connectivity service revenue for the period divided by the number of months in the period, divided by the number of narrowband satellite aircraft online during the period (expressed as an average of the month end figures for each month in such period).
- Units sold. We define units sold as the number of ATG or narrowband satellite units for which we recognized revenue during the period.
- Average equipment revenue per ATG unit sold. We define average equipment revenue per ATG unit sold as the aggregate equipment revenue from all ATG units sold during the period, divided by the number of ATG units sold.
- Average equipment revenue per satellite unit sold. We define average equipment revenue per satellite unit sold as the aggregate equipment revenue earned from all narrowband satellite units sold during the period, divided by the number of narrowband satellite units sold.
Definition of Non-GAAP Measures
EBITDA represents net income (loss) attributable to common stock before interest expense, interest income, income taxes and depreciation and amortization expense.
Adjusted EBITDA represents EBITDA adjusted for (i) stock-based compensation expense included in the results of continuing operations, (ii) the results of discontinued operations, including stock-based compensation expense, (iii) loss on extinguishment of debt and settlement of convertible notes and (iv) separation costs related to the sale of CA. Our management believes that the use of Adjusted EBITDA eliminates items that management believes have less bearing on our operating performance, thereby highlighting trends in our core business which may not otherwise be apparent. It also provides an assessment of controllable expenses, which are indicators management uses to determine whether current spending decisions need to be adjusted in order to meet financial goals and achieve optimal financial performance.
We believe that the exclusion of stock-based compensation expense from Adjusted EBITDA is appropriate given the significant variation in expense that can result from using the Black-Scholes model to determine the fair value of such compensation. The fair value of our stock options is determined using the Black-Scholes model and varies based on fluctuations in the assumptions used in this model, including inputs that are not necessarily directly related to the performance of our business, such as the expected volatility, the risk-free interest rate and the expected life of the options. Therefore, we believe that the exclusion of this cost provides a clearer view of the operating performance of our business. Further, stock option grants made at a certain price and point in time do not necessarily reflect how our business is performing at any particular time. While we believe that investors should have information about any dilutive effect of outstanding options and the cost of that compensation, we also believe that stockholders should have the ability to consider our performance using a non-GAAP financial measure that excludes these costs and that management uses to evaluate our business.
We believe it is useful for an understanding of our operating performance to exclude the results of our discontinued operations from Adjusted EBITDA because they are not part of our ongoing operations.
We believe it is useful for an understanding of our operating performance to exclude the loss on extinguishment of debt and settlement of convertible notes from Adjusted EBITDA because this activity is not related to our operating performance.
We believe it is useful for an understanding of our operating performance to exclude separation costs related to the sale of CA from Adjusted EBITDA for the three- and six-month periods ended June 30, 2021 because of the non-recurring nature of this activity.
We also present Adjusted EBITDA as a supplemental performance measure because we believe that this measure provides investors, securities analysts and other users of our consolidated financial statements with important supplemental information with which to evaluate our performance and to enable them to assess our performance on the same basis as management.
Adjusted EBITDA Margin represents Adjusted EBITDA divided by total revenue. We present Adjusted EBITDA Margin as a supplemental performance measure because we believe that it provides meaningful information regarding our operating efficiency.
Free Cash Flow represents net cash provided by operating activities, less purchases of property and equipment, the acquisition of intangible assets and the cash flows associated with our interest rate caps. We believe that Free Cash Flow provides meaningful information regarding our liquidity.
To conform to current year presentation, we included the cash paid for our interest rate caps in Free Cash Flow for the three- and six- month periods ended June 30, 2021. We believe it is useful for an understanding of our liquidity to include the cash flows associated with interest rate caps to facilitate a more consistent comparison of net cash paid for interest and the interest rate changes for which we are hedged.
SOURCE Gogo Inc.
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https://www.prnewswire.com/news-releases/gogo-announces-record-results-and-updates-2022-guidance-301600600.html
| 2022-08-05T11:12:05
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en
| 0.945475
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U.S. immigration authorities are planning to issue photo ID cards to immigrants in deportation proceedings in a bid to slash paper use and help people stay up-to-date on required meetings and court hearings, officials said.
The proposal from Immigration and Customs Enforcement is still being developed as a pilot program, and it was not immediately clear how many the agency would issue. The cards would not be an official form of federal identification, and would state they are to be used by the Department of Homeland Security.
The idea is for immigrants to be able to access information about their cases online by using a card rather than paper documents that are cumbersome and can fade over time, officials said. They said ICE officers could also run checks on the cards in the field.
“Moving to a secure card will save the agency millions, free up resources, and ensure information is quickly accessible to DHS officials while reducing the agency’s FOIA backlog,” an ICE spokesperson said in a statement, referring to unfulfilled public requests for agency documents. Homeland Security gets more Freedom of Information Act requests than any other federal agency, according to government data, and many of those involve immigration records.
The proposal has sparked a flurry of questions about what the card might be used for and how secure it would be. Some fear the program could lead to tracking of immigrants awaiting their day in immigration court, while others suggest the cards could advertised by migrant smugglers to try to induce others to make the dangerous trip north.
The Biden administration is seeking $10 million for the so-called ICE Secure Docket Card in a budget proposal for the next fiscal year. It was not immediately clear if the money would cover the pilot or a broader program or when it would begin.
The administration has faced pressure as the number of migrants seeking to enter the country on the southwest border has increased. Border Patrol agents stopped migrants more than 1.1 million times from January to June, up nearly one-third from the same period of an already-high 2021.
Many migrants are turned away under COVID-19-related restrictions. But many are allowed in and either are detained while their cases churn through the immigration courts or are released and required to check in periodically with ICE officers until a judge rules on their cases.
Those most likely to be released in the United States are from countries where expulsion under the public health order is complicated due to costs, logistics or strained diplomatic relations, including Cuba, Venezuela and Nicaragua.
At shelters, bus stations and airports along the U.S.-Mexico border, migrants carefully guard their papers in plastic folders. These are often the only documents they have to get past airport checkpoints to their final destinations in the United States. The often dog-eared papers can be critical to getting around.
An immigration case can take years and the system can be confusing, especially for immigrants who know little English and may need to work with an array of government agencies, including ICE and U.S. Citizenship and Immigration Services, which issues work permits and green cards. U.S. immigration courts are overseen by the Justice Department.
Gregory Z. Chen, senior director of government relations at the American Immigration Lawyers Association, said migrants have mistakenly gone to ICE offices instead of court for scheduled hearings that they then missed as a result. He said so long as immigrants’ privacy is protected, the card could be helpful.
“If ICE is going to be using this new technology to enable non citizens to check in with ICE, or to report information about their location and address, and then to receive information about their case — where their court hearings might be, what the requirements might be for them to comply with the law — that would be a welcome approach,” Chen said.
It was not clear whether Homeland Security’s Transportation Security Administration would accept the cards for airport travel or whether private businesses would consider it valid.
The United States doesn’t have a national photo identification card. Residents instead use a range of cards to prove identification, including driver’s licenses, state ID cards and consular ID cards. What constitutes a valid ID is often determined by the entity seeking to verify a person’s identity.
Talia Inlender, deputy director of the Center for Immigration Law and Policy at University of California, Los Angeles’ law school, said she was skeptical that using a card to access electronic documents would simplify the process for immigrants, especially those navigating the system without a lawyer, and questioned whether the card has technology that could be used to increase government surveillance of migrants.
But having an ID could be useful, especially for migrants who need to travel within the U.S., Inlender said.
“Many people are fleeing persecution and torture in their countries. They’re not showing up with government paperwork,” Inlender said. “Having a form of identification to be able to move throughout daily life has the potential to be a helpful thing.”
That has some Republican lawmakers concerned that the cards could induce more migrants to come to the U.S. or seek to access benefits they’re not eligible for. A group of 16 lawmakers sent a letter last week to ICE raising questions about the plan.
“The Administration is now reportedly planning yet another reckless policy that will further exacerbate this ongoing crisis,” the letter said.
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https://www.news10.com/news/national/us-to-issue-id-cards-to-migrants-awaiting-deportation-proceedings/
| 2022-08-05T11:12:09
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en
| 0.970148
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330 Bitcoin mined, bringing reserves to 7,736
TORONTO, Aug. 5, 2022 /PRNewswire/ - Hut 8 Mining Corp. (Nasdaq: HUT) (TSX: HUT), ("Hut 8" or the "Company") one of North America's largest, innovation-focused digital asset mining pioneers and high performance computing infrastructure provider, increased its Bitcoin holdings by 330 in the period ending July 31. Hut 8 now has 7,736 Bitcoin in its holdings.
- 330 Bitcoin were generated, resulting in an average production rate of 10.61 Bitcoin per day
- Our Ethereum mining – for which we receive payment in Bitcoin – generated approximately 10.7% of our total production
- Keeping with our longstanding HODL strategy, 100% of the self-mined Bitcoin in July were deposited into custody
- Total Bitcoin balance held in reserve is 7,736 as of July 31, 2022
- Installed operating capacity was 2.92 EH/s at the end of the month
- Hut 8 produced 113.01 BTC/EH in July
- Monthly shipments of MicroBT miners continue to arrive as scheduled and are being installed in real time
- A severe thunderstorm on July 18 interrupted the power supply to the Medicine Hat mine and surrounding area – site infrastructure and equipment were not damaged – and power was restored on July 23
- Hut 8's high-performance computing business, which is not correlated to Bitcoin or Bitcoin mining, continues to grow: we recently signed Foundry as a cloud services client
"We continued to deliver results, growing our stack to 7,736 Bitcoin – one of the largest holdings globally – by mining efficiently," said Jaime Leverton, CEO. "At the same time, we continue to focus on growing the uncorrelated recurring revenue within our high performance computing business and are thrilled to welcome Foundry aboard as a cloud services customer in our Mississauga data centre."
Hut 8 is one of North America's largest innovation-focused digital asset miners, led by a team of business-building technologists, bullish on bitcoin, blockchain, Web 3.0 and bridging the nascent and traditional high performance computing worlds. With two digital asset mining sites located in Southern Alberta and a third site in North Bay, Ontario, all located in Canada, Hut 8 has one of the highest capacity rates in the industry and one of the highest inventories of self-mined Bitcoin of any crypto miner or publicly-traded company globally. With 36,000 square feet of geo-diverse data centre space and cloud capacity connected to electrical grids powered by significant renewables and emission-free resources, Hut 8 is revolutionizing conventional assets to create the first hybrid data centre model that serves both the traditional high performance compute (Web 2.0) and nascent digital asset computing sectors, blockchain gaming, and Web 3.0. Hut 8 was the first Canadian digital asset miner to list on the Nasdaq Global Select Market. Through innovation, imagination, and passion, Hut 8 is helping to define the digital asset revolution to create value and positive impacts for its shareholders and generations to come.
This press release includes "forward-looking information" and "forward-looking statements" within the meaning of Canadian securities laws and United States securities laws, respectively (collectively, "forward-looking information"). All information, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion and growth of the Company's businesses, operations, plans and other such matters is forward-looking information. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "allow", "believe", "estimate", "expect", "predict", "can", "might", "potential", "predict", "is designed to", "likely" or similar expressions. In addition, any statements in this press release that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking information and include, among others, statements regarding: Bitcoin and Ethereum network dynamics; the Company's ability to advance its longstanding HODL strategy; the Company's ability to produce additional Bitcoin and maintain existing rates of productivity at all sites; the Company's ability to deploy additional miners; the Company's ability to continue mining digital assets efficiently; the Company's expected recurring revenue and growth rate from its high performance computing business; and the Company's ability to successfully navigate the current market.
Statements containing forward-looking information are not historical facts, but instead represent management's expectations, estimates and projections regarding future events based on certain material factors and assumptions at the time the statement was made. While considered reasonable by Hut 8 as of the date of this press release, such statements are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to, security and cybersecurity threats and hacks, malicious actors or botnet obtaining control of processing power on the Bitcoin or Ethereum network, further development and acceptance of Bitcoin and Ethereum networks, changes to Bitcoin or Ethereum mining difficulty, loss or destruction of private keys, increases in fees for recording transactions in the Blockchain, erroneous transactions, reliance on a limited number of key employees, reliance on third party mining pool service providers, regulatory changes, classification and tax changes, momentum pricing risk, fraud and failure related to cryptocurrency exchanges, difficulty in obtaining banking services and financing, difficulty in obtaining insurance, permits and licenses, internet and power disruptions, geopolitical events, uncertainty in the development of cryptographic and algorithmic protocols, uncertainty about the acceptance or widespread use of cryptocurrency, failure to anticipate technology innovations, the COVID19 pandemic, climate change, currency risk, lending risk and recovery of potential losses, litigation risk, business integration risk, changes in market demand, changes in network and infrastructure, system interruption, changes in leasing arrangements, and other risks related to the cryptocurrency and data centre business. For a complete list of the factors that could affect the Company, please see the "Risk Factors" section of the Company's Annual Information Form dated March 17, 2022, and Hut 8's other continuous disclosure documents which are available on the Company's profile on the System for Electronic Document Analysis and Retrieval at www.sedar.com and on the EDGAR section of the U.S. Securities and Exchange Commission's website at www.sec.gov.
These factors are not intended to represent a complete list of the factors that could affect Hut 8; however, these factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described in this press release as intended, planned, anticipated, believed, sought, proposed, estimated, forecasted, expected, projected or targeted and such forward-looking statements included in this press release should not be unduly relied upon. The impact of any one assumption, risk, uncertainty, or other factor on a particular forward-looking statement cannot be determined with certainty because they are interdependent and Hut 8's future decisions and actions will depend on management's assessment of all information at the relevant time. The forward-looking statements contained in this press release are made as of the date of this press release, and Hut 8 expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law.
SOURCE Hut 8 Mining Corp
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https://www.prnewswire.com/news-releases/hut-8-mining-production-and-operations-update-for-july-2022-301600584.html
| 2022-08-05T11:12:11
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en
| 0.93809
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Washington (AP) — Reining in the soaring prices of insulin has thus far been elusive in Congress, although Democrats say they’ll try again — as part of their economic package that focuses on health and climate.
The price of the 100-year-old drug has more than tripled in the last two decades, forcing the nation’s diabetics to pay thousands of dollars a year for the life-saving medication. Democrats are considering capping the cost of that drug for at least some, although it’s unclear what the final proposal will look like and how many insulin users will get a price break.
Here’s a look at how insulin became so expensive and why it’s so difficult to bring the price of the drug down.
HOW MANY PEOPLE IN THE U.S. USE INSULIN AND FOR WHAT?
Roughly 8.4 million Americans use insulin, according to the American Diabetes Association. Not everyone who has diabetes needs insulin, but for those who do, it’s an important medication. For more than 1 million of those people with type 1 diabetes, regular access to the medication is a necessity and they will die without it.
“People require insulin, it’s not an option and nobody should have to decide between life-sustaining medication or food and rent,” said Dr. Robert Gabbay, the chief scientific and medical officer for the American Diabetes Association.
Insulin also helps control glucose levels for patients with other forms of diabetes. Some insulin users have rationed the drug because of its expense and risk numerous health complications as a result.
HOW EXPENSIVE IS INSULIN?
The price varies.
Some people on private insurance pay hundreds of dollars monthly for the drug. For most Medicare beneficiaries, the average out-of-pocket cost per insulin prescription was $54 in 2020 — an increase of nearly 40% since 2007, a study released last month by the Kaiser Family Foundation found. Others live in one of 22 states where the copay for a 30-day supply has been capped between $25 to $100.
The cost has led some to use less insulin than their doctor prescribes or postpone paying for other medical care.
WHY IS INSULIN SO EXPENSIVE?
Only three manufacturers — Eli Lilly, Novo Nordisk and Sanofi — produce insulin, allowing those companies to control much of the market.
“They’ve been historically raising their list prices for their respective products in lockstep with one another,” Dr. Jing Luo, a professor of medicine at the University of Pittsburgh, said. “There hasn’t been a lot of pricing pressure.”
And making a generic drug for insulin hasn’t been easy, with new manufacturers having to clear regulatory hurdles and questions over how a generic drug should be categorized, Luo added. A generic insulin is slated to come on the market in 2024 at no more than $30 a vial, which could drive down some of the price.
HOW DO DEMOCRATS PLAN TO CAP THE PRICE OF INSULIN?
That remains to be seen.
Senate Majority Leader Chuck Schumer has said some language that limits the price of insulin will be added to the economic bill, but it’s not clear what that price point will be and who all will be protected by that price cap.
Democrats had proposed a $35 monthly cap for those who get the drug through Medicare or private insurers as part of a bigger package that was derailed in the Senate. But it was left out of the scaled down package now headed for a congressional vote.
WHY IS THE COST OF INSULIN SO DIFFICULT TO CAP?
Capping the price of insulin will be very expensive.
Insulin is not only getting more expensive, but the number of people using it is also increasing.
A bipartisan bill proposed earlier this year that would cap insulin prices could cost about $23 billion over the next decade, according to estimates by the Congressional Budget Office. While the bill would reduce insulin costs for many consumers, it would drive up government costs and premiums charged by Medicare and private insurers, according to the office’s analysis.
And that’s one of the reasons why price caps can be controversial.
“If your health insurance company says, voluntarily, nobody who buys insulin in our plan will have to pay more than $25, the question is who is paying the balance of that?” Luo said. “That then means their cost will go up, which means they’ll raise premiums on everyone.”
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https://www.news10.com/news/national/why-is-insulin-so-expensive-and-the-cost-so-difficult-to-cap/
| 2022-08-05T11:12:16
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en
| 0.957215
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NEW YORK, Aug. 5, 2022 /PRNewswire/ -- Integral Ad Science Holding Corp. (Nasdaq: IAS), a global leader in digital media quality, announced today that Lisa Utzschneider, CEO, will participate in a fireside chat at the Oppenheimer 25th Annual Technology, Internet & Communications Conference on Wednesday, August 10th at 11:35 a.m. ET. The fireside chat will be available via live webcast and archived replay on the IAS investor relations website: https://investors.integralads.com/
About Integral Ad Science
Integral Ad Science (IAS) is a global leader in digital media quality. IAS makes every impression count, ensuring that ads are viewable by real people, in safe and suitable environments, activating contextual targeting, and driving supply path optimization. Our mission is to be the global benchmark for trust and transparency in digital media quality for the world's leading brands, publishers, and platforms. We do this through data-driven technologies with actionable real-time signals and insight. Founded in 2009 and headquartered in New York, IAS works with thousands of top advertisers and premium publishers worldwide. For more information, visit integralads.com .
Investor Contact:
Jonathan Schaffer / Lauren Hartman
[email protected]
Media Contact:
[email protected]
SOURCE Integral Ad Science, Inc.
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https://www.prnewswire.com/news-releases/ias-to-participate-at-the-oppenheimer-25th-annual-technology-internet--communications-conference-301600510.html
| 2022-08-05T11:12:17
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en
| 0.871246
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ALBANY, N.Y. (NEWS10) – A state judge has approved a request by the state Board of Elections to set an August 11 deadline for party enrollment changes ahead of the August 23 primary, according to a decision posted Thursday. Acting Supreme Court Justice Patrick McAllister of Steuben County said any applications to switch parties on or after August 12 won’t take effect until August 30, after the primary.
Voters can change their party enrollment online with a valid Department of Motor Vehicles (DMV) issued ID or license using the DMV’s online voter registration portal, or by completing a paper registration form and returning it to their County Board of Elections. Any change of party enrollment done on the DMV site requires an extra day to allow for transmission, therefore it must be completed by Wednesday, August 10 to be effective for the August primary.
McAllister said the new deadline should be set to avoid “party raiding” by members of one party who might choose to enroll in an opposing party to disrupt that party’s vote for candidates. That disruption could include stacking votes for a candidate least likely to do well in November.
Before McAllister’s decision, voters could have switched parties up to and including the August 23 primary, after early voting and mail-in voting were already underway. McAllister was the same judge who ruled in a case that resulted in scheduling the unusual August primary for congressional and state senate seats. The primary for Governor and Assembly was held in June as scheduled.
Early voting for the August primary will be held from Saturday, August 13 to Sunday, August 21. If you have any questions about the party enrollment deadline, contact the State Board of Elections at (518) 474-1953 or by email at INFO@elections.ny.gov.
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NEW YORK, Aug. 5, 2022 /PRNewswire/ -- IoT sensors are a type of sensors that enable the Internet of Things (IoT) by collecting data for smarter decisions. The sensors ensure a high degree of accuracy, reliability, range, and sensitivity and provide better control and automation processing units.
Technavio estimates that the IoT sensors market size is expected to grow by USD 20.40 billion from 2021 to 2026. The growth momentum of the market will accelerate at a CAGR of 27.67% 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
Porter's Five Forces Analysis
- Threat of New Entrants
Economies of scale of established vendors are moderate in the market. In addition, high capital investment is required to enter the market. This is expected to deter new entrants from entering the market. However, low product differentiation offered by vendors and steady growth of the market is expected to attract new entrants during the forecast period. Therefore, the threat of new entrants was moderate in 2021 and is expected to remain moderate during the forecast period.
Vendor Landscape
The IoT sensors market is fragmented, and the vendors are deploying growth strategies such as offering products directed at process industries to increase their market share while capturing the major end-user segments. Some of the key vendors operating in the market include Analog Devices Inc., Bosch Sensortec GmbH, Broadcom Inc., Honeywell International Inc., and Infineon Technologies AG.
The report provides a full list of key vendors, their strategies, and the latest developments. Request a FREE PDF Sample Now
Market Segmentation
The IoT sensors market has been segmented by type into pressure sensor, temperature sensor, humidity sensor, flow sensor, and others. Among these, the pressure sensor segment will account for the highest market growth.
By geography, the market has been segmented into North America, Europe, APAC, South America, and the Middle East and Africa. North America will have the highest market growth during the forecast period. This growth is attributed to factors such as the rapid growth of the industrial, automotive, and healthcare sectors and the adoption of IoT in these industries to achieve operational efficiency and competitive gains.
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report
Key Drivers and Trends
The growing demand for smart factories and IIoT will drive the growth of the global IoT sensors market during the forecast period. The need for smart factories is expected to increase during the forecast period, with the emergence of IIoT which integrates smart machines, warehouses, industrial robots, and entire production facilities. This helps in achieving corporate goals and key performance indicators (KPIs). The adoption of automation in end-to-end processes is also expected to rise during the forecast period, which will further include the use of robots, sensors, software, wireless systems, programmable logic controllers (PLCs), and software solutions such as distributed control systems.
Apart from the growing demand for smart factories and IIoT, many other drivers are shaping the future of the market. View FREE PDF Sample Report to learn about these drivers
Similar Reports
Sensor Market by End-user and Geography - Forecast and Analysis 2022-2026
Photonic Sensor Market by Type, Application, and Geography - Forecast and Analysis 2021-2025
Browse Information Technology Market Research Reports
Table of Contents
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2021
- Market outlook: Forecast for 2021 - 2026
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 Type
- Market segments
- Comparison by Type
- Pressure sensor - Market size and forecast 2021-2026
- Temperature sensor - Market size and forecast 2021-2026
- Humidity sensor - Market size and forecast 2021-2026
- Flow sensor - Market size and forecast 2021-2026
- Others - Market size and forecast 2021-2026
- Market opportunity by Type
Customer landscape
- Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2021-2026
- Europe - Market size and forecast 2021-2026
- APAC - Market size and forecast 2021-2026
- South America - Market size and forecast 2021-2026
- MEA - Market size and forecast 2021-2026
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Analog Devices Inc.
- Bosch Sensortec GmbH
- Broadcom Inc.
- Honeywell International Inc.
- Infineon Technologies AG
- NXP Semiconductors NV
- STMicroelectronics NV.
- TDK Corp.
- TE Connectivity Ltd.
- Texas Instruments 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.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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https://www.prnewswire.com/news-releases/iot-sensors-market-usd-20-40-billion-growth-from-2021-to-2026--growing-demand-for-smart-factories-and-iiot-to-drive-growth---technavio-301600055.html
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Appoints Interim CEO
Elects New Chair; Separates Chair and CEO Roles
CHARLOTTE, N.C. , Aug. 5, 2022 /PRNewswire/ -- JELD-WEN Holding, Inc. (NYSE: JELD) today announced that its Board of Directors has accepted the resignation of Gary S. Michel as chair and CEO. Upon his resignation, the Board appointed Kevin C. Lilly, most recently the company's executive vice president and chief information officer, as interim CEO. In addition, current independent director David G. Nord, former chairman and CEO of Hubbell Incorporated, was elected chair of JELD-WEN's Board of Directors. The Board has initiated a comprehensive search for a new CEO, including consideration of both internal and external candidates.
"We appreciate Gary's leadership and contributions to the company during his tenure," commented Nord. "JELD-WEN remains committed to delivering long-term value to our shareholders. We have confidence in Kevin's leadership and will work closely with him and the management team to ensure that this change is seamless for our customers, shareholders and associates. The Board is committed to conducting a thorough search to identify the best candidate to lead JELD-WEN's continued growth and transformation."
Lilly said, "I am honored to serve in this role at this important time. JELD-WEN is a leading global manufacturer of high-quality building products with talented people and world-class brands. I look forward to working alongside the Board, our leadership team and associates to realize our full potential."
Headquartered in Charlotte, N.C., JELD-WEN is a leading global manufacturer of high-performance interior and exterior building products, offering one of the broadest selections of windows, interior and exterior doors, and wall systems. JELD-WEN delivers a differentiated customer experience, providing construction professionals with durable, energy-efficient products and labor-saving services that help them maximize productivity and create beautiful, secure spaces for all to enjoy. The JELD-WEN team is driven by innovation and committed to creating safe, sustainable environments for customers, associates, and local communities. The JELD-WEN family of brands includes JELD-WEN® worldwide; LaCantina™ and VPI™ in North America; Swedoor® and DANA® in Europe; and Corinthian®, Stegbar®, and Breezway® in Australia. Visit JELD-WEN.com for more information.
Certain statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our business strategies and ability to execute on our plans, market potential, future financial performance, customer demand, the potential of our categories, brands and innovations, the impact of our footprint rationalization and modernization program, the impact of acquisitions and divestitures on our business and our ability to maximize value and integrate operations, our pipeline of productivity projects, the estimated impact of tax reform on our results, litigation outcomes, and our expectations, beliefs, plans, objectives, prospects, assumptions, or other future events. Forward-looking statements are generally identified by our use of forward-looking terminology such as "anticipate", "believe", "continue", "could", "estimate", "expect", "intend", "may", "might", "plan", "potential", "predict", "seek", or "should", or the negative thereof or other variations thereon or comparable terminology. Where, in any forward-looking statement, we express an expectation or belief as to future results or events, such expectation or belief is based on the current plans, expectations, assumptions, estimates, and projections of our management. Although we believe that these statements are based on reasonable expectations, assumptions, estimates and projections, they are only predictions and involve known and unknown risks, many of which are beyond our control that could cause actual outcomes and results to be materially different from those indicated in such statements.
Risks and uncertainties that could cause actual results to differ materially from such statements include risks associated with the impact of the COVID-19 pandemic on the company and our employees, customers, and suppliers, and other factors, including the factors discussed in our Annual Reports on Form 10-K and our other filings with the Securities and Exchange Commission.
The forward-looking statements included in this release are made as of the date hereof, and except as required by law, we undertake no obligation to update, amend or clarify any forward-looking statements to reflect events, new information or circumstances occurring after the date of this release.
SOURCE JELD-WEN Holding, Inc.
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NEW YORK, Aug. 5, 2022 /PRNewswire/ -- 35% of the LAST MILE DELIVERY MARKET growth will originate from North America during the forecast period. Last mile or last mile logistics refers to the movement of goods from a transportation hub or warehouse to their final delivery destination. Delivery to the end customer is, in most cases, the last step of the process. The aim of last-mile logistics is to deliver items to the end customer as fast as possible while minimizing the cost incurred in the logistics process. Moreover, Technavio categorizes the last mile delivery market as a part of the global trucking industry within the global transportation sector. The parent global trucking industry covers companies engaged in goods and passenger land transportation, including vehicle rental and taxi companies.
With ISO 9001:2015 certification, Technavio is delivering key market insights to more
than 100 Fortune 500 companies for over 16 years. Browse summary of the 139 page
LAST MILE DELIVERY MARKET report to learn more
Key Market Driver: Growing Global E-commerce Industry to Boost Growth
- The increasing penetration of the internet and online shopping has significantly contributed to the growth of the B2C e-commerce industry across the globe. Internet penetration across the globe already crossed 65%, thus giving access to more consumers to e-commerce channels.
- With such rapid adoption of e-commerce, e-retailers are adopting reduced lead times to gain a competitive edge and survive in the market. Moreover, the demand for last-mile delivery from each end-user (individuals who place orders) varies.
- Moreover, end-users are willing to pay extra for the speedy delivery of products. Thus, the changes in the needs of e-retailers and end-users are boosting the demand for last-mile delivery services in the B2C e-commerce industry in the US.
To learn about additional key drivers, trends, and challenges available with
Technavio. REQUEST FREE SAMPLE REPORT (INCLUDING GRAPHS & TABLES) OF
THIS MARKET
COVID Impact and Recovery Analysis
The e-commerce industry in this region witnessed a significant rise due to the COVID-19 pandemic, particularly in 2020. The shoppers turned to the internet for their shopping needs due to the temporary closure of offline stores, e-commerce sales increased in the region. Hence, the rise in e-commerce sales is expected to positively impact the growth of the market in the region during the forecast period.
Some of the Major Companies Mentioned
- C.H. Robinson Worldwide Inc.
- CEVA Logistics AG
- CRST International Inc.
- DB Schenker
- Deutsche Post AG
- DSV Panalpina AS
- FedEx Corp.
- J.B. Hunt Transport Services Inc.
- Kerry Logistics Network Ltd.
- Kuehne Nagel International AG
- LaserShip Inc.
- Nippon Express Holdings Inc.
- Royal Mail Plc
- TForce Logistics
- TNT Holdings BV
- United Parcel Service Inc.
- United States Postal Service
- Werner Enterprises Inc.
- XPO Logistics Inc.
- Yellow Corp.
The last-mile delivery market is fragmented, and the vendors are deploying growth
strategies such as instant and next-day deliveries to compete in the market.
To gain access for 20+ vendor profiles with their key offerings available with
Technavio. DOWNLOAD FREE SAMPLE REPORT OF THIS MARKET
Segmentation Analysis & Forecasts
- Service
- B2C
- B2B
- Geography
- North America
- Europe
- APAC
- Middle East and Africa
- South America
READ FREE SAMPLE COPY OF THIS REPORT using business Email ID to gain further
insights on the market contribution & share of various segments & regions on higher
priority
Related Reports
Browse Summary of 119 Page LAST MILE DELIVERY MARKET IN NORTH AMERICA Report by Service and Geography - Forecast and Analysis 2022-2026: The market value is set to grow by USD 74.36 billion, progressing at a CAGR of 16.48% from 2021 to 2026, as per the latest report by Technavio. Furthermore, this report extensively covers last mile delivery market segmentation in North America by Service (B2C and B2B) and Geography (The US, Canada, and Mexico).
Browse Summary of 120 Page Last Mile Delivery Market in Brazil Report by End-user and Service - Forecast and Analysis 2021-2025: The market value is set to grow by USD 1.76 billion, progressing at a CAGR of 10.32% from 2020 to 2025, as per the latest report by Technavio. The last mile delivery market report of Brazil also offers information on several market vendors, including CRST International Inc., Deutsche Post DHL Group, DSV Panalpina AS, and more.
Table of Contents
Table of Content:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Service
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Service
- 5.1 Market segments
- Exhibit 24: Chart on Service - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Service - Market share 2021-2026 (%)
- 5.2 Comparison by Service
- Exhibit 26: Chart on Comparison by Service
- Exhibit 27: Data Table on Comparison by Service
- 5.3 B2C - Market size and forecast 2021-2026
- Exhibit 28: Chart on B2C - Market size and forecast 2021-2026 ($ billion)
- Exhibit 29: Data Table on B2C - Market size and forecast 2021-2026 ($ billion)
- Exhibit 30: Chart on B2C - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on B2C - Year-over-year growth 2021-2026 (%)
- 5.4 B2B - Market size and forecast 2021-2026
- Exhibit 32: Chart on B2B - Market size and forecast 2021-2026 ($ billion)
- Exhibit 33: Data Table on B2B - Market size and forecast 2021-2026 ($ billion)
- Exhibit 34: Chart on B2B - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on B2B - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Service
- Exhibit 36: Market opportunity by Service ($ billion)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.7 South America - Market size and forecast 2021-2026
- Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 China - Market size and forecast 2021-2026
- Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.10 Germany - Market size and forecast 2021-2026
- Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.11 UK - Market size and forecast 2021-2026
- Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ billion)
- Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
- Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.12 France - Market size and forecast 2021-2026
- Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ billion)
- Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ billion)
- Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 86: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 87: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification
- 10.3 CRST International Inc.
- Exhibit 89: CRST International Inc. - Overview
- Exhibit 90: CRST International Inc. - Product / Service
- Exhibit 91: CRST International Inc. - Key offerings
- 10.4 DB Schenker
- Exhibit 92: DB Schenker - Overview
- Exhibit 93: DB Schenker - Business segments
- Exhibit 94: DB Schenker - Key offerings
- Exhibit 95: DB Schenker - Segment focus
- 10.5 Deutsche Post AG
- Exhibit 96: Deutsche Post AG - Overview
- Exhibit 97: Deutsche Post AG - Business segments
- Exhibit 98: Deutsche Post AG - Key news
- Exhibit 99: Deutsche Post AG - Key offerings
- Exhibit 100: Deutsche Post AG - Segment focus
- 10.6 DSV Panalpina AS
- Exhibit 101: DSV Panalpina AS - Overview
- Exhibit 102: DSV Panalpina AS - Business segments
- Exhibit 103: DSV Panalpina AS - Key offerings
- Exhibit 104: DSV Panalpina AS - Segment focus
- 10.7 FedEx Corp.
- Exhibit 105: FedEx Corp. - Overview
- Exhibit 106: FedEx Corp. - Business segments
- Exhibit 107: FedEx Corp. - Key offerings
- Exhibit 108: FedEx Corp. - Segment focus
- 10.8 J.B. Hunt Transport Services Inc.
- Exhibit 109: J.B. Hunt Transport Services Inc. - Overview
- Exhibit 110: J.B. Hunt Transport Services Inc. - Business segments
- Exhibit 111: J.B. Hunt Transport Services Inc. - Key offerings
- Exhibit 112: J.B. Hunt Transport Services Inc. - Segment focus
- 10.9 United Parcel Service Inc.
- Exhibit 113: United Parcel Service Inc. - Overview
- Exhibit 114: United Parcel Service Inc. - Business segments
- Exhibit 115: United Parcel Service Inc. - Key offerings
- Exhibit 116: United Parcel Service Inc. - Segment focus
- 10.10 United States Postal Service
- Exhibit 117: United States Postal Service - Overview
- Exhibit 118: United States Postal Service - Business segments
- Exhibit 119: United States Postal Service - Key offerings
- Exhibit 120: United States Postal Service - Segment focus
- 10.11 Werner Enterprises Inc.
- Exhibit 121: Werner Enterprises Inc. - Overview
- Exhibit 122: Werner Enterprises Inc. - Business segments
- Exhibit 123: Werner Enterprises Inc. - Key offerings
- Exhibit 124: Werner Enterprises Inc. - Segment focus
- 10.12 XPO Logistics Inc.
- Exhibit 125: XPO Logistics Inc. - Overview
- Exhibit 126: XPO Logistics Inc. - Business segments
- Exhibit 127: XPO Logistics Inc. - Key offerings
- Exhibit 128: XPO Logistics Inc. - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 129: Inclusions checklist
- Exhibit 130: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 131: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 132: Research methodology
- Exhibit 133: Validation techniques employed for market sizing
- Exhibit 134: Information sources
- 11.5 List of abbreviations
- Exhibit 135: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:[email protected]
Website: www.technavio.com/
SOURCE Technavio
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MONTREAL, Aug. 5, 2022 /PRNewswire/ - The Lion Electric Company (NYSE: LEV) (TSX: LEV) ("Lion" or the "Company"), a leading manufacturer of all-electric medium and heavy-duty urban vehicles, today announced its financial and operating results for the second quarter of fiscal year 2022, which ended on June 30, 2022. Lion reports its results in U.S. dollars and in accordance with International Financial Reporting Standards ("IFRS").
- Delivery of 105 vehicles, an increase of 44 vehicles, as compared to the 61 delivered in the same period last year.
- Revenue of $29.5 million, up $12.8 million, as compared to $16.7 million in Q2 2021.
- Gross loss of $3.5 million, as compared to a gross profit of $0.9 million in Q2 2021.
- Net earnings of $37.5 million, as compared to a net loss of $178.5 million in Q2 2021. Net earnings for Q2 2022 include a $56.9 million gain related to non-cash decrease in the fair value of share warrant obligations and a $3.4 million charge related to non-cash share-based compensation, compared to a $99.3 million charge related to non-cash increase in the fair value of share warrant obligations, $54.8 million charge related to non-cash share-based compensation, and $13.7 million of transaction costs included in net loss for Q2 2021.
- Adjusted EBITDA[1] of negative $14.4 million, as compared to negative $5.5 million in Q2 2021, after mainly adjusting for certain non-cash items such as change in fair value of share warrant obligations and share-based compensation.
- Capital expenditures, which included expenditures related to the Joliet Facility and the Lion Campus, amounted to $44.3 million, up $41.0 million, as compared to $3.3 million in Q2 2021.
- Additions to intangible assets, which mainly consist of R&D activities, amounted to $24.6 million, up $13.9 million, as compared to $10.7 million in Q2 2021.
- Establishment of cross-border $125 million "at-the-market" equity program ("ATM Program").
- More than 700 vehicles on the road, with over 10 million miles driven.
- Vehicle order book[2] of 2,357 all-electric medium- and heavy-duty urban vehicles as of August 4, 2022, consisting of 286 trucks and 2,071 buses, representing a combined total order value of approximately $575 million based on management's estimates.
- LionEnergy order book2 of 226 charging stations and related services as of August 4, 2022, representing a combined total order value of approximately $3.0 million.
- 12 Experience Centers in operation in the United States and Canada.
- Installation of assembly stations continued at the Joliet Facility in the quarter and manufacturing of Lion C units (for working stations set up and employees training purposes) began. In order to accelerate return on investment, the Company decided to review the cadence of its initial ramp up of production capacity at the Joliet Facility to align it further with projected deliveries and to initially focus on bus production.
- The building shell for the battery plant building is substantially completed. For the Innovation center, the foundation work has been completed and the steel structure is 90% completed. The Company's prototype battery packs are currently undergoing testing and certification and engineering design for one version of the packs and module line has been finalized. Lion continues to expect the certification of packs, factory acceptance of production equipment at JR Automation's facility, and production of packs in Mirabel to take place prior to the end of 2022. Site acceptance of production equipment in Mirabel is expected to be completed near the beginning of 2023.
- The Company has elected to implement configuration changes to certain vehicles to increase quality and performance, improve manufacturing efficiencies, and optimize the development of new models. Such measures have mainly resulted in the temporary suspension of commercial production and the projected delivery of the LionA.
- As of August 4, 2022, Lion had approximately 1,300 employees, of which over 300 were in its Engineering and R&D departments.
"We are pleased with our Q2 performance, as in spite of ongoing supply-chain challenges, for the third quarter in a row, we delivered a record number of vehicles in the history of Lion," commented Marc Bedard, CEO – Founder of Lion. "As we are nearing the start of operations at our U.S. manufacturing facility and our battery plant, we also decided to adjust the cadence of our capital spend. This will enable us to accelerate return on investment and optimally manage our capital resources", concluded Marc Bedard.
For the three months ended June 30, 2022, revenue amounted to $29.5 million, an increase of $12.8 million compared to $16.7 million for the three months ended June 30, 2021. The increase in revenue was primarily due to an increase in vehicle sales volume of 44 units, from 61 units (48 school buses and 13 trucks; 41 vehicles in Canada and 20 vehicles in the U.S.) for the three months ended June 30, 2021, to 105 units (90 school buses and 15 trucks; 91 vehicles in Canada and 14 vehicles in the U.S.) for the three months ended June 30, 2022. Revenues for the three months ended June 30, 2022 were impacted by continuing global supply chain challenges, which required the Company to delay the final assembly of certain vehicles and resulted in increased inventory levels.
For the six months ended June 30, 2022, revenue amounted to $52.2 million, an increase of $29.3 million compared to $22.9 million for the six months ended June 30, 2021. The increase in revenue was primarily due to an increase in vehicle sales volume of 104 units, from 85 units (66 school buses and 19 trucks; 63 vehicles in Canada and 22 vehicles in the U.S.) for the six months ended June 30, 2021, to 189 units (162 school buses and 27 trucks; 171 vehicles in Canada and 18 vehicles in the U.S.) for the six months ended June 30, 2022. Revenues for the six months ended June 30, 2022 were impacted by continuing global supply chain challenges, which required the Company to delay the final assembly of certain vehicles and resulted in increased inventory levels.
For the three months ended June 30, 2022, cost of sales amounted to $33.0 million, representing an increase of $17.2 million, compared to the three months ended June 30, 2021. For the six months ended June 30, 2022, cost of sales amounted to $56.5 million, representing an increase of $32.7 million, compared to the six months ended June 30, 2021. The increase for both periods was primarily due to increased sales volumes and higher production levels, increased fixed manufacturing and inventory management system costs related to the ramp-up of production capacity for future quarters, and the impact of continuing global supply chain challenges.
For the three months ended June 30, 2022, gross profit decreased by $4.4 million to negative $3.5 million, compared to positive $0.9 million for the three months ended June 30, 2021. For the six months ended June 30, 2022, gross loss decreased by $3.5 million to negative $4.4 million, compared to negative $0.9 million for the six months ended June 30, 2021. The decrease in gross profit for both periods included the positive gross profit impact of increased sales volumes, mainly offset by the impact of increased fixed manufacturing and inventory management system costs related to the ramp-up of production capacity for future quarters, and the impact of continuing global supply chain challenges.
For the three months ended June 30, 2022, administrative expenses decreased by $38.3 million from $50.0 million for the three months ended June 30, 2021, to $11.7 million. Administrative expenses for the three months ended June 30, 2022 included $2.6 million of non-cash share-based compensation, compared to $44.8 million for three months ended June 30, 2021. Excluding the impact of non-cash share-based compensation, administrative expenses increased from $5.2 million for the three months ended June 30, 2021 to $9.1 million for the three months ended June 30, 2022
For the six months ended June 30, 2022, administrative expenses decreased by $33.6 million from $56.3 million for the six months ended June 30, 2021, to $22.7 million. Administrative expenses for the six months ended June 30, 2022 included $5.3 million of non-cash share-based compensation, compared to $47.8 million for six months ended June 30, 2021. Excluding the impact of non-cash share-based compensation, administrative expenses increased from $8.5 million for the six months ended June 30, 2021 to $17.4 million for the six months ended June 30, 2022. The increase was mainly due to an increase in expenses as a result of Lion becoming a public company in May 2021, an increase in expenses resulting from the expansion of Lion's head office capabilities in anticipation of an expected increase in business activities, as well as professional fees related to supply chain and strategic project optimization initiatives.
For the three months ended June 30, 2022, selling expenses decreased by $6.6 million, from $13.3 million for the three months ended June 30, 2021, to $6.7 million. Selling expenses for the three months ended June 30, 2022 included $0.8 million of non-cash share-based compensation, compared to $10.0 million for three months ended June 30, 2021. Excluding the impact of non-cash share-based compensation, selling expenses increased from $3.3 million for the three months ended June 30, 2021 to $5.9 million for the three months ended June 30, 2022. The increase was primarily due to Lion expanding its sales force in anticipation of the ramp-up of production capacity, and an increase in expenses as a result of the opening and operations of new Experience Centers.
For the six months ended June 30, 2022, selling expenses decreased by $5.6 million, from $17.7 million for the six months ended June 30, 2021, to $12.1 million. Selling expenses for the six months ended June 30, 2022 included $1.8 million of non-cash share-based compensation, compared to $12.2 million for six months ended June 30, 2021. Excluding the impact of non-cash share-based compensation, selling expenses increased from $5.5 million for the six months ended June 30, 2021 to $10.3 million for the six months ended June 30, 2022. The increase was primarily due to Lion expanding its sales force in anticipation of the ramp-up of production capacity, and an increase in expenses as a result of the opening and operations of new Experience Centers.
Transaction costs of $13.7 million for the three and six months ended June 30, 2021 were related to the completion of the Company's business combination and plan of reorganization on May 6, 2021 pursuant to which Lion became a public company (the "Business Combination") and were mainly composed of legal, banking, and other professional fees.
For the three months ended June 30, 2022, finance costs (income) decreased by $3.8 million, from a cost of $3.0 million for the three months ended June 30, 2021, to income of $0.8 million. The decrease was driven primarily by lower interest expense on long-term debt, the non-recurrence of interest expense on convertible debt instruments and accretion expense on retractable common shares which were repaid on May 6, 2021, and the gain on derecognition of a financial liability related to previously acquired dealership rights, partially offset by an increase in interest costs related to lease liabilities. The gain on derecognition of the financial liability occurred as a result of the agreement with a private company relating to the previous acquisition of dealership rights in certain territories in the United States maturing on May 7, 2022.
For the six months ended June 30, 2022, finance costs decreased by $6.6 million, from $6.9 million for the six months ended June 30, 2021, to $0.3 million. The decrease was driven primarily by lower interest expense on long-term debt, the non-recurrence of interest expense on convertible debt instruments and accretion expense on retractable common shares which were repaid on May 6, 2021, and the gain on derecognition of a financial liability related to previously acquired dealership rights, partially offset by an increase in interest costs related to lease liabilities. The gain on derecognition of the financial liability occurred as a result of the agreement with a private company relating to the previous acquisition of dealership rights in certain territories in the United States maturing on May 7, 2022
Foreign exchange gains and losses relate primarily to the revaluation of net monetary assets denominated in foreign currencies to the functional currencies of the related Lion entities. Foreign exchange gain for the three months ended June 30, 2022, was $1.6 million compared to a loss of $0.1 million for the three months ended June 30, 2021, largely as a result of a weakening of the Canadian dollar relative to the US dollar during the three months ended June 30, 2022, as compared to the three months ended June 30, 2021.
Foreign exchange gain for the six months ended June 30, 2022, was $0.7 million compared to a gain of $0.1 million for the six months ended June 30, 2021, largely as a result of a weakening of the Canadian dollar relative to the US dollar during the three months ended June 30, 2022, as compared to the three months ended June 30, 2021.
Share warrant obligations relate to the warrants issued to a specified customer in July 2020 and the public and private warrants issued as part of the closing of the Business Combination on May 6, 2021. Change in fair value of share warrant obligations resulted in a gain of $56.9 million for the three months ended June 30, 2022, compared to a charge of $99.3 million for the three months ended June 30, 2021, and resulted in a gain of $78.4 million for the six months ended June 30, 2022, compared to a charge of $99.2 million for the six months ended June 30, 2021. The gains for the three and six months ended June 30, 2022 result mainly from the decrease in the market price of Lion equity as compared to the previous valuations.
For the three months ended June 30, 2022, net earnings were $37.5 million, as compared to a net loss of $178.5 million for the three months ended June 30, 2021. The increase in net earnings (loss) for the three months ended June 30, 2022 compared to the three months ended June 30, 2021 was largely due to the gain related to the fair value of share warrant obligations, lower non-cash share-based compensation, and the non-recurrence of transaction costs incurred during the three months ended June 30, 2021, and lower finance costs, partially offset by the gross loss and higher administrative and selling expenses (excluding share-based compensation).
For the six months ended June 30, 2022, net earnings were $39.6 million, as compared to a net loss of $194.6 million for the six months ended June 30, 2021. The increase in net earnings (loss) for the three months ended June 30, 2022 compared to the six months ended June 30, 2021 was largely due to the gain related to the fair value of share warrant obligations, lower non-cash share-based compensation, the non-recurrence of transaction costs incurred during the six months ended June 30, 2021, and lower finance costs, partially offset by the gross loss and higher administrative and selling expenses (excluding share-based compensation).
Ms. Latasha Akoma and Mr. Dane L. Parker, Operating Partner at GenNx360 Capital Partner, and Retired Chief Sustainability Officer and Vice President, Sustainable Workplaces at General Motors, respectively, have been appointed to the Board of Directors of Lion as independent Directors.
Ms. Akoma, who is responsible for driving strong performance, operational efficiencies, and profitability across the GenNx portfolio companies, brings over 26 years of managerial experience in all aspects of manufacturing, operations, and business strategies.
Prior to joining GenNx360 Capital Partner, she held several executive leadership positions at Harley-Davidson Motor Company, a company she joined in 2009 as the Director of Operations, with responsibility for vehicle assembly and materials management. Prior to that, Ms. Akoma was a Senior Manager of Paint Operations at Chrysler (formerly DaimlerChrysler) where she held a variety of increasing senior leadership positions in operations and general management.
As General Motors' first Chief Sustainability Officer, Mr. Parker was a leading force behind the company's plan to become carbon neutral by 2040 and aspiration to have zero-emissions from all new light-duty vehicles by 2035. Mr. Parker also held global responsibilities for facility design, engineering, construction, operations, energy procurement and efficiency, real estate, environmental compliance, as well as workplace strategy.
Prior to General Motor, Mr. Parker was Vice President, Global Environment, Health and Safety, Facilities and Real Estate for Dell, Inc. He also spent more than 13 years at Intel Corporation in the Technology and Manufacturing organization in a variety of operational roles, including as Director of Global Environment, Health and Safety.
A conference call and webcast will be held on August 5, 2022, at 8:30 a.m. (Eastern Time) to discuss the results.
To participate in the conference call, dial (226) 828-7575 or (833) 950-0062 (toll free) using the Access Code 842480. An investor presentation and a live webcast of the conference call will also be available at www.thelionelectric.com under the "Events and Presentations" page of the "Investors" section. An archive of the event will be available for a period of time shortly after the conference call.
This release should be read together with our 2022 second quarter financial report, including the unaudited condensed interim consolidated financial statements of the Company as at and for the quarter ended June 30, 2022 and related management's discussion and analysis ("MD&A"), which will be filed by the Company with applicable Canadian securities regulatory authorities and with the U.S. Securities and Exchange Commission and which will be available on our website at www.thelionelectric.com.
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
As at June 30, 2022 and December 31, 2021
(Unaudited)
CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) AND COMPREHENSIVE EARNINGS (LOSS)
For the three and six months ended June 30, 2022 and 2021
(Unaudited)
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the three and six months ended June 30, 2022 and 2021
(Unaudited)
This press release makes reference to Adjusted EBITDA, which is a non-IFRS financial measure, as well as other performance metrics, including the Company's order book, which are defined below. These measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement those IFRS measures by providing further understanding of the Company's results of operations from management's perspective. Accordingly, they should not be considered in isolation nor as a substitute for analysis of the Company's financial information reported under IFRS. Lion compensates for these limitations by relying primarily on Lion's IFRS results and using Adjusted EBITDA and order book on a supplemental basis. Readers should not rely on any single financial measure to evaluate Lion's business.
Adjusted EBITDA
"Adjusted EBITDA" is defined as net earnings (loss) before finance costs, income tax expense or benefit, and depreciation and amortization, adjusted for share-based compensation, changes in fair value of share warrant obligations, foreign exchange (gain) loss and transaction and other non-recurring expenses. Adjusted EBITDA is intended as a supplemental measure of performance that is neither required by, nor presented in accordance with, IFRS. Lion believes that the use of Adjusted EBITDA provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing Lion's financial measures with those of comparable companies, which may present similar non-IFRS financial measures to investors. However, readers should be aware that when evaluating Adjusted EBITDA, Lion may incur future expenses similar to those excluded when calculating Adjusted EBITDA. In addition, Lion's presentation of these measures should not be construed as an inference that Lion's future results will be unaffected by unusual or non-recurring items. Lion's computation of Adjusted EBITDA may not be comparable to other similarly entitled measures computed by other companies, because all companies may not calculate Adjusted EBITDA in the same fashion. Readers should review the reconciliation of net earnings (loss), the most directly comparable IFRS financial measure, to Adjusted EBITDA presented by the Company under section 13.0 of the Company's MD&A for the three and six months ended June 30, 2022 entitled "Results of Operations - Reconciliation of Adjusted EBITDA."
Order Book
This press release also makes reference to the Company's "order book" with respect to vehicles (trucks and buses) as well as charging stations. The Company's vehicle and charging stations order book, expressed as a number of units or the amount of sales expected to be recognized in the future (at the applicable time of delivery) in respect of such number of units, is determined by management based on purchase orders that have been signed, orders that have been formally confirmed by clients or products in respect of which formal joint applications for governmental subsidies or economic incentives have been made by the applicable clients and the Company. The vehicles included in the vehicle order book as of August 4, 2022 provided for a delivery period ranging from a few months to the end of the year ending December 31, 2025. Substantially all deliveries are subject to the granting of subsidies and incentives with processing times that are subject to important variations, and there has been in the past and the Company expects there will continue to be variances between the expected delivery periods of orders and the actual delivery times, and certain delays could be significant. Such variances or delays could result in the loss of a subsidy or incentive and/or in the cancellation of certain orders, in whole or in part.
The Company's presentation of the order book should not be construed as a representation by the Company that the vehicles and charging stations included in its order book will translate into actual sales. See the section below for a full description of the methodology used by the Company in connection with the order book and certain important risks and uncertainties relating to such methodology and the presentation of the order book.
Order Book Methodology
General Principle
The Company's vehicle and charging stations order book, expressed as a number of units or the amount of sales expected to be recognized in the future (at the applicable time of delivery) in respect of such number of units, is determined by management based on purchase orders that have been signed, orders that have been formally confirmed by clients or products in respect of which formal joint applications for governmental subsidies or economic incentives have been made by the applicable clients and the Company. The vehicles included in the vehicle order book as of August 4, 2022 provided for a delivery period ranging from a few months to the end of the year ending December 31, 2025.
Substantially all deliveries are subject to the granting of subsidies and incentives with processing times that are subject to important variations, and there has been in the past and the Company expects there will continue to be variances between the expected delivery periods of orders and the actual delivery times, and certain delays could be significant. Such variances or delays could result in the loss of a subsidy or incentive and/or in the cancellation of certain orders, in whole or in part.
The Company's presentation of the order book should not be construed as a representation by the Company that the vehicles and charging stations included in its order book will translate into actual sales.
Delivery Periods
The Company's order book refers to products that have not yet been delivered but which are reasonably expected by management to be delivered within a time period that can be reasonably estimated and includes, in the case of charging stations, services that have not been completed but which are reasonably expected by management to be completed in connection with the delivery of the product.
Purchase orders and applications generally provide for a time period during which the client expects delivery of the vehicles. Such period can vary from a specific date, a number or range of months after the issuance of the order or application, or a calendar year. The vehicles included in the vehicle order book as of August 4, 2022 provided for a delivery period, subject to the satisfaction of the conditions set forth in each order (which, in substantially all cases as further discussed herein, relate to the approval of governmental subsidies and grants), ranging from a few months to the end of the year ending December 31, 2025. Delivery periods are disclosed from time to time by the Company when available in respect of material orders. Delivery periods should not be construed as a representation or a guarantee by the Company that the actual delivery time will take place as scheduled. Given the nature of the business and the products of the Company, the implied lead time for the production and delivery of a vehicle (which may be impacted, among other things, by supply chain challenges or changes in specifications), the nature of certain customers of the Company (in many cases, fleet owners operating capital intensive operations which require financing and ongoing scheduling flexibility), and the fact that, as further described herein, substantially all deliveries are subject to the granting of subsidies and incentives with processing times that are subject to important variations, there has been in the past and the Company expects there will continue to be variances between the expected delivery periods of orders and the actual delivery times, and certain delays could be significant. Such variances or delays could result in the loss of a subsidy or incentive and/or in the cancellation of certain orders, in whole or in part.
Pricing
When the Company's order book is expressed as an amount of sales, such amount has been determined by management based on the current specifications or requirements of the applicable order, assumes no changes to such specifications or requirements and, in cases where the pricing of a product or service may vary in the future, represents management's reasonable estimate of the prospective pricing as of the time such estimate is reported. A small number of vehicles included in the order book have a pricing that remains subject to confirmation based on specifications and other options to be agreed upon in the future between the applicable client and the Company. For purposes of the determination of the order book and the value allocated to such orders, management has estimated the pricing based on its current price lists and certain other assumptions relating to specifications and requirements deemed reasonable in the circumstances.
Performance Metric
The order book is intended as a supplemental measure of performance that is neither required by, nor presented in accordance with, IFRS, and is neither disclosed in nor derived from the financial statements of the Company. The Company believes that the disclosure of its order book provides an additional tool for investors to use in evaluating the Company's performance, market penetration for its products, and the cadence of capital expenditures and tooling.
The Company's computation of its order book may not be comparable to other similarly entitled measures computed by other companies, because all companies may not calculate their order book, order backlog, or order intake in the same fashion. In addition, as explained above, the Company's presentation of the order book is calculated based on the orders and the applications made as of the time that the information is presented, and it is not based on the Company's assessment of future events and should not be construed as a representation by the Company that the vehicles and charging stations included in its order book will translate into actual sales.
Ongoing Evaluation; Risk Factors
A portion of the vehicles or charging stations included in the Company's order book may be cancellable in certain circumstances (whether by reason of a delivery delay, unavailability of a subsidy or incentive or otherwise) within a certain period. Management reviews the composition of the order book every time it is reported in order to determine whether any orders should be removed from the order book. For purposes of such exercise, management identifies orders that have been or are reasonably likely to be cancelled and examines, among other things, whether conditions attaching to the order are reasonably likely to result in a cancellation of the order in future periods as well as any other available information deemed relevant, including ongoing dialogue with clients. Such exercise may result from time to time in orders that have previously been included in the order book being removed even if they have not been formally canceled by the client.
The Company cannot guarantee that its order book will be realized in full, in a timely manner, or at all, or that, even if realized, revenues generated will result in profits or cash generation as expected, and any shortfall may be significant. The Company's conversion of its order into actual sales is dependent on various factors, including those described below and in section 23.0 entitled "Risk Factors" of the Company's MD&A for the years ended December 31, 2021, 2020 and 2019 and in Item 3.D entitled "Risk Factors" of the Company's annual report on Form 20-F for the fiscal year ended December 31, 2021. For instance, a customer may default on an order, may become subject to bankruptcy or insolvency or cease its business operations. In addition, substantially all of the orders included in the order book are subject to conditions relating to the granting of governmental subsidies and incentives or the timing of deliveries and, in a limited number of cases, the availability of certain specifications and options or the renewal of certain routes by governmental or school authorities. As a result, the Company's ability to convert its order book into actual sales is highly dependent on the granting and timing of governmental subsidies and incentives, most notably subsidies and incentives under the Quebec government's 2030 Plan for a Green Economy, under the Federal's Infrastructure Canada's Zero-Emission Transit Fund (ZETF), and under California's Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP). The termination, modification, delay or suspension of any such governmental subsidies and incentives could result in delayed deliveries or the cancellation of all or any portion of such orders, which, in turn, could have a material and adverse effect on the Company's business, results of operations or financial condition.
The Company's conversion of its order book into actual sales is also dependent on its ability to economically and timely manufacture its vehicles, at scale. The Company delivered 196 vehicles during the year ended December 31, 2021, and 189 vehicles during the six months ended June 30, 2022. As of August 4, 2022, the Company's vehicle order book stood at 2,357 vehicles. The execution of the Company's growth strategy and the conversion of its order book will therefore require significant ramp-up in its production. While the Company's Saint-Jerome facility currently has an annual production capacity of 2,500 vehicles at full scale and it is in the process of establishing its operations at the Joliet Facility and the Lion Campus, the Company has limited experience to date in high volume manufacturing of its vehicles. In addition, as of August 4, 2022, 418 units included in the order book, representing a combined total order value of approximately $165 million, related to products which had been developed and were being sold, but that were not currently in commercial production. Any failure by the Company to successfully develop and scale its manufacturing processes within projected costs and timelines could have a material adverse effect on its business, results of operations or financial condition. As a result, the Company's realization of its order book could be affected by variables beyond its control and may not be entirely realized. See section 3.0 of this MD&A entitled "Caution Regarding Forward-Looking Statements". See section 3.0 of the Company's MD&A for the three months ended June 30, 2022 entitled "Caution Regarding Forward-Looking Statements".
RECONCILIATION OF ADJUSTED EBITDA
The following table reconciles net earnings (loss) to Adjusted EBITDA for the three and six months ended June 30, 2022 and 2021:
Lion Electric is an innovative manufacturer of zero-emission vehicles. The company creates, designs and manufactures all-electric class 5 to class 8 commercial urban trucks and all-electric buses and minibuses for the school, paratransit and mass transit segments. Lion is a North American leader in electric transportation and designs, builds and assembles many of its vehicles' components, including chassis, battery packs, truck cabins and bus bodies.
Always actively seeking new and reliable technologies, Lion vehicles have unique features that are specifically adapted to its users and their everyday needs. Lion believes that transitioning to all-electric vehicles will lead to major improvements in our society, environment and overall quality of life. Lion shares are traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol LEV.
This press release contains "forward-looking information" and "forward-looking statements" and within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements") within the meaning of applicable securities laws. Any statements contained in this press release that are not statements of historical fact, including statements about Lion's beliefs and expectations, are forward-looking statements and should be evaluated as such.
Forward-looking statements may be identified by the use of words such as "believe," "may," "will," "continue," "anticipate," "intend," "expect," "should," "would," "could," "plan," "project," "potential," "seem," "seek," "future," "target" or other similar expressions and any other statements that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. These forward-looking statements include statements regarding the Company's order book and the Company's ability to convert it into actual sales, the Company's long-term strategy and future growth, the Company's battery plant and innovation center project in Quebec and its U.S. manufacturing facility, and the expected launch of new models of electric vehicles. Such forward-looking statements are based on a number of estimates and assumptions that Lion believes are reasonable when made, including that Lion will be able to retain and hire key personnel and maintain relationships with customers, suppliers and other business partners, that Lion will continue to operate its business in the normal course, that Lion will be able to implement its growth strategy, that Lion will be able to successfully and timely complete the construction of its U.S. manufacturing facility and its Quebec battery plant and innovation center, that Lion will not suffer any supply chain challenges or any material disruption in the supply of raw materials on competitive terms, that Lion will be able to maintain its competitive position, that Lion will continue to improve its operational, financial and other internal controls and systems to manage its growth and size, that its results of operations and financial condition will not be adversely affected, that Lion will be able to benefit, either directly or indirectly (including through its clients), from government subsidies and economic incentives in the future and that Lion will be able to secure additional funding through equity or debt financing on terms acceptable to Lion when required in the future. Such estimates and assumptions are made by Lion in light of the experience of management and their perception of historical trends, current conditions and expected future developments, as well as other factors believed to be appropriate and reasonable in the circumstances. However, there can be no assurance that such estimates and assumptions will prove to be correct.
By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Lion believes that these risks and uncertainties include, but are not limited to, the following: any adverse changes in U.S. or Canadian general economic, business, market, financial, political or legal conditions, including as consequences of the global COVID-19 pandemic and the emergence of COVID-19 variants; any adverse effects of the Russia-Ukraine war, which continues to affect economic and global financial markets and exacerbate ongoing economic challenges; any inability to successfully and economically manufacture and distribute its vehicles at scale and meet its customers' business needs; any inability to ramp-up the production of Lion's products and meet project construction and other project timelines; any unfavorable fluctuations and volatility in the price and availability of raw materials included in components used to manufacture Lion's products; any inability to reduce total cost of ownership of electric vehicles sold by Lion over time; the reliance on key management and any inability to attract and/or retain key personnel; any inability to execute the Company's growth strategy; the reliance on key suppliers and any inability to maintain an uninterrupted supply of raw materials; labor shortages (including as a result of employee turnover, departures, and demands for higher wages) which may force the Company to operate at reduced capacity, to lower its production and delivery rates or lower its growth plans, and could pose additional challenges related to employee compensation; any inability by Lion to meet the expectations of its customers in terms of products, specifications, and services; any inability to maintain the Company's competitive position; any inability to reduce its costs of supply over time; any inability to maintain and enhance the Company's reputation and brand; any significant product repair and/or replacement due to product warranty claims or product recalls; any failure of information technology systems or any cybersecurity and data privacy breaches or incidents; any event or circumstance resulting in the Company's inability to convert its order book into actual sales, including the reduction, elimination or discriminatory application of government subsidies and economic incentives; any inability to secure adequate insurance coverage or a potential increase in insurance costs; natural disasters, epidemic or pandemic outbreaks, boycotts and geo-political events such as civil unrest and acts of terrorism, the current military conflict between Russia and Ukraine or similar disruptions; and the outcome of any legal proceedings that may be instituted against the Company from time to time.
These and other risks and uncertainties related to the businesses of Lion are described in greater detail in section 23.0 entitled "Risk Factors" of the Company's annual MD&A for the fiscal year 2021. Many of these risks are beyond Lion's management's ability to control or predict. All forward-looking statements included in this press release are expressly qualified in their entirety by the cautionary statements contained herein and the risk factors included in the Company's annual MD&A for the fiscal year 2021 and in other documents filed with the applicable Canadian regulatory securities authorities and the Securities and Exchange Commission.
Because of these risks, uncertainties and assumptions, readers should not place undue reliance on these forward-looking statements. Furthermore, forward-looking statements speak only as of the date they are made. Except as required under applicable securities laws, Lion undertakes no obligation, and expressly disclaims any duty, to update, revise or review any forward-looking information, whether as a result of new information, future events or otherwise.
SOURCE Lion Electric
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https://www.prnewswire.com/news-releases/lion-electric-announces-second-quarter-2022-results-301600576.html
| 2022-08-05T11:12:45
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| 0.965361
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https://sportspyder.com/nba/cleveland-cavaliers/articles/40296925
| 2022-08-05T11:12:49
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| 0.738227
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NASHVILLE, Tenn., Aug. 5, 2022 /PRNewswire/ -- LP Building Solutions ("LP") (NYSE: LPX) today announced that its Board of Directors has declared a quarterly cash dividend to common stockholders of $0.22 per share. The dividend will be payable September 1, 2022, to stockholders of record as of August 18, 2022.
About LP Building Solutions
As a leader in high-performance building solutions, Louisiana-Pacific Corporation (LP Building Solutions,NYSE: LPX) manufactures engineered wood building products that meet the demands of builders, remodelers, and homeowners worldwide. LP's extensive offerings include innovative and dependable building products and accessories, such as Siding Solutions (LP® SmartSide® Trim & Siding, LP® SmartSide® ExpertFinish® Trim & Siding, LP BuilderSeries® Lap Siding, and LP® Outdoor Building Solutions®), LP Structural Solutions (LP® TechShield® Radiant Barrier, LP WeatherLogic® Air & Water Barrier, LP Legacy® Premium Sub-Flooring, and LP® FlameBlock® Fire-Rated Sheathing, LP NovaCore™ Thermal Insulated Sheathing, and more), LP® TopNotch® Sub-Flooring, and oriented strand board (OSB). In addition to product solutions, LP provides industry-leading customer service and warranties. Since its founding in 1972, LP has been Building a Better World™ by helping customers construct beautiful, durable homes while our shareholders build lasting value. Headquartered in Nashville, Tennessee, LP operates 22 plants across the U.S., Canada, Chile, and Brazil. For more information, visit LPCorp.com.
SOURCE LP Building Solutions
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| 2022-08-05T11:12:51
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Invests $31.1 Million in SI East, LLC to Support Strategic Acquisition and Ongoing Growth Activities
HOUSTON, Aug. 5, 2022 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce that it recently completed a follow-on investment in an existing portfolio company. Main Street made the follow-on investment in SI East, LLC ("SI East" or the "Company") to support the Company's acquisition of Chicago Steel Container Corporation, one of the largest independent new steel drum manufacturers in the United States, and the Company's other ongoing growth activities. Main Street, along with its co-investor, facilitated the transaction, with Main Street's follow-on investment consisting of an additional $31.1 million first lien, senior secured term debt investment. This follow-on investment represents Main Street's second follow-on investment in the Company, after initially partnering with Company's existing owners, the Stavig family, in August 2018.
Headquartered in Charlotte, North Carolina, the Company manufactures new steel drums from strategically located manufacturing facilities in Charlotte, North Carolina and Cleveland, Ohio, operating under two distinct legal entities, General Steel Drum, LLC ("GSD") and North Coast Container, LLC ("NCC"), respectively. GSD and NCC were founded in 1984 and 1983, respectively, and each have grown to become industry leading new steel drum providers in their respective regions. SI East is one of the largest producers of new steel drums in the United States, producing a wide variety of products, including tight head, open head, interior lined, high and low density polyethylene plastic liners and unlined drums among various other offerings. The Stavig family is a long-term and well-respected participant in the steel drum manufacturing industry, separately owning and operating Myers Container, LLC and Container Management Services, LLC on the West Coast, thereby providing the Stavig family's independently operating industrial packaging businesses with a nationwide platform.
ABOUT MAIN STREET CAPITAL CORPORATION
Main Street (www.mainstcapital.com) is a principal investment firm that primarily provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies. Main Street's portfolio investments are typically made to support management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors. Main Street seeks to partner with entrepreneurs, business owners and management teams and generally provides "one stop" financing alternatives within its lower middle market investment strategy. Main Street's lower middle market companies generally have annual revenues between $10 million and $150 million. Main Street's private loan and middle market debt investments are made in businesses that are generally larger in size than its lower middle market portfolio companies.
Main Street, through its wholly owned portfolio company MSC Adviser I, LLC ("MSC Adviser"), also maintains an asset management business through which it manages investments for external parties. MSC Adviser is registered as an investment adviser under the Investment Advisers Act of 1940.
Contacts:
Main Street Capital Corporation
Dwayne L. Hyzak, CEO, [email protected]
Jesse E. Morris, CFO & COO, [email protected]
713-350-6000
Dennard Lascar Investor Relations
Ken Dennard | [email protected]
Zach Vaughan | [email protected]
713-529-6600
SOURCE Main Street Capital Corporation
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| 2022-08-05T11:12:57
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DUBLIN, Aug. 5, 2022 /PRNewswire/ -- The "Mid-Size Pharmaceutical Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type, Drug Development Type, Formulation, and Therapy Class" report has been added to ResearchAndMarkets.com's offering.
The mid-size pharmaceutical market is expected to grow from US$ 6,51,349.9 million in 2021 to US$ 10,00,584.3 million by 2028.
The increasing prevalence of chronic diseases and the rising number of products launches & approvals drive the market growth. However, cutthroat competition among market players hampers the mid-size pharmaceutical market growth.
Revenue, therapy area, R&D expenditure, and reach are among the critical segments of the global pharmaceutical industry. Mid-size pharmaceutical is among the three categories of the pharmaceutical industry. It emphasizes the development of generic drugs and the development of rare disease therapies.
The mid-sized pharmaceutical companies have their revenue in the range of US$ 1 billion to US$ 10 billion. The increasing prevalence of chronic diseases, rapidly rising elderly population, and the surging number of products launches & approvals is expected to aid the mid-size pharmaceutical market growth.
The aging population and changing social behavior contribute to the steady increase in common and costly long-term health problems. With the accelerating urbanization, people are adopting a sedentary lifestyle, which boosts the rates of obesity and cases of illnesses, such as diabetes.
Based on type, the mid-size pharmaceutical market is segmented into prescription and over-the-counter. In 2021, the over-the-counter segment held a larger market share. Furthermore, it is expected to register a higher CAGR of 6.7% during the forecast period.
Based on drug development type, the mid-size pharmaceutical market is segmented into in-house and outsource. In 2021, the outsource segment held a larger share of the market. It is expected to register a higher CAGR of 6.7% during 2021-2028.
Based on formulation, the mid-size pharmaceutical market is segmented into tablets & capsules, injectables, sprays, and other formulations. In 2021, the tablets & capsules segment held the largest share of the market. It is expected to register the highest CAGR of 7.1% during 2021-2028.
Based on therapy area, the mid-size pharmaceutical market is segmented into cardiovascular diseases, pain management, diabetes, cancer, and other conditions. In 2021, the diabetes segment held the largest share of the market. On the other hand, the cancer segment is expected to register the highest CAGR of 7.0% during 2021-2028.
Market Drivers
- Increasing Prevalence of Chronic Disorders
- Increasing Product Approval and Launches
Market Restraints
- Cutthroat Competition among Market Players
Market Opportunities
- Rising Number of Healthcare Start-ups
Future Trends
- Greater Focus on R&D
Key Topics Covered:
1. Introduction
2. Mid-Size Pharmaceutical - Key Takeaways
3. Research Methodology
4. Global Mid-Size Pharmaceutical - Market Landscape
5. Mid-Size Pharmaceutical Market - Key Market Dynamics
6. Mid-Size Pharmaceutical Market - Global Analysis
7. Global Mid-Size Pharmaceutical Market Revenue and Forecasts To 2028 - by Type
8. Mid-Size Pharmaceutical Market Analysis - By Drug Development Type
9. Mid-Size Pharmaceutical Market - By Formulation
10. Mid-Size Pharmaceutical Market - By Therapy Class
11. Mid-Size Pharmaceutical Market Revenue and Forecasts to 2028 - Geographical Analysis
12. Impact Of COVID-19 Pandemic on Mid-Size Pharmaceutical Market
13. Mid-Size Pharmaceutical Market - Industry Landscape
14. Company Profiles
Companies Mentioned
- DAIICHI SANKYO COMPANY LIMITED
- Eisai Co., Ltd.
- Bausch Health Companies Inc.
- Regeneron Pharmaceuticals, Inc
- Sun Pharmaceutical Industries Ltd
- Alexion Pharmaceuticals, Inc.
- Mallinckrodt
- Endo Pharmaceuticals Inc.
- Les Laboratories Servier
- UCB S.A.
For more information about this report visit https://www.researchandmarkets.com/r/dfrm8o
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets
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| 2022-08-05T11:13:03
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Trial in progress poster also to be presented for Phase 1/2 ARROS-1 study of ROS1-selective inhibitor NVL-520
CAMBRIDGE, Mass., Aug. 5, 2022 /PRNewswire/ -- Nuvalent, Inc. (Nasdaq: NUVL), a clinical-stage biopharmaceutical company focused on creating precisely targeted therapies for clinically proven kinase targets in cancer, today announced new preclinical data supporting the potential best-in-class profile of NVL-655 – an ALK-selective inhibitor, and a "Trial in Progress" poster for the Phase 1/2 ARROS-1 study of NVL-520 – a ROS1-selective inhibitor. NVL-520 and NVL-655 are central nervous system (CNS)-penetrant kinase inhibitors designed to specifically solve for the dual challenges of kinase resistance and selectivity commonly observed with currently available inhibitors.
The two posters will be presented at the IASLC 2022 World Conference on Lung Cancer (WCLC) Annual Meeting taking place August 6-9, 2022 in Vienna, Austria. The posters will also be available on the Nuvalent website.
"Our presentations at WCLC showcase the value that our collaborations with leading physician-scientists and translational investigators bring towards characterizing and developing our parallel lead programs for patients with non-small cell lung cancer (NSCLC)," said James Porter, Ph.D., Chief Executive Officer of Nuvalent. "We are grateful for our continued collaborations focused on advancing the understanding of resistance to kinase inhibitors, as well as the dedication and support of the Phase 1 clinical investigators participating in our ongoing studies for patients with advanced NSCLC and other solid tumors."
"We selected NVL-520 and NVL-655 based on the demonstrated strength of their preclinical profiles and their potential to drive deep, durable responses for patients with ROS1-positive and ALK-positive cancers, respectively. With both programs now under clinical investigation, we remain committed to continued, rigorous preclinical characterization to both deepen our understanding of our programs as well as to support the advancement of tools and models that may help accelerate the development of new therapies for genomically-driven cancers," said Henry Pelish, Ph.D., Vice President of Biology at Nuvalent. "We are pleased to share data further characterizing NVL-655 in a new patient-derived model of lorlatinib-resistant ALK-positive NSCLC with the treatment-emergent G1202R/T1151M compound resistance mutation, developed by our clinical and translational collaborators at Gustave Roussy."
The MR448re patient-derived model was established from cancer cells retrieved from a NSCLC patient previously treated with four prior ALK kinase inhibitors and most recently progressing following treatment with lorlatinib. Presence of an EML4-ALK fusion and the G1202R/T1151M compound mutation was confirmed by sequencing.
"The rapid development of the MR448re patient-derived model and subsequent evaluation of NVL-655 is a testament to the efficient cooperation between our clinical and translational investigators, and our collaborators at Nuvalent," said Luc Friboulet, Ph.D., investigator at Gustave Roussy. "NVL-655 showed strong antitumor activity in this heavily refractory model, while lorlatinib showed limited inhibitory activity consistent with treatment history. This further supports the differentiating and potentially best-in-class preclinical profile of NVL-655, which has previously demonstrated the ability to retain activity in the presence of a broad spectrum of single and compound ALK resistance mutations while maintaining a wide selectivity window over TRKB."
A "Trial in Progress" poster summarizing the preclinical profile of NVL-520 and clinical trial design of the Phase 1/2 ARROS-1 study (NCT05118789) for NVL-520 will also be presented. This multicenter, open-label, dose-escalation and expansion trial is designed to evaluate NVL-520 as an oral monotherapy for patients with advanced ROS1-positive NSCLC and other solid tumors. The ongoing Phase 1 dose-escalation portion of the study is currently enrolling ROS1-positive NSCLC patients who have previously received at least one ROS1 TKI, or patients with other ROS1-positive solid tumors previously treated with any prior therapy. Nuvalent plans to share preliminary dose-escalation data from ARROS-1 in the second half of 2022.
WCLC Presentation Overview:
Title: Preclinical Activity of NVL-655 in a Patient-Derived NSCLC Model with Lorlatinib-Resistant ALK G1202R/T1151M Mutation
Authors: H. Mizuta1, L. Bigot1, A. Tangpeerachaikul2, H.E. Pelish2, L. Friboulet1
Abstract Number: EP08.02-020
Session Category: Metastatic Non-small Cell Lung Cancer
Session Title: Molecular Targeted Treatments
Session Date and Time: August 7, 2022, 9:45am – 6:00pm CEST
1Gustave-Roussy, Villejuif, France; 2Nuvalent, Inc., Cambridge, MA, USA
Summary of Presentation:
- ALK G1202R single and compound mutations are recurrent mechanisms of resistance to previous-generation therapies, including alectinib and lorlatinib.
- NVL-655 showed strong antitumor activity in preclinical models derived from ALK positive patients who have progressed on treatment with earlier-generation ALK inhibitors, including a G1202R/T1151M compound mutation model derived from a patient previously treated with crizotinib, alectinib, brigatinib, and lorlatinib.
- Among all inhibitors tested, NVL-655 continues to show the broadest activity across ALK fusion partners and resistance mutations while maintaining a wide selectivity window over TRKB.
- NVL-655 is currently being evaluated in the Phase 1/2 ALKOVE-1 study for patients with advanced ALK+ NSCLC and other solid tumors, including those with ALK resistance mutations and CNS metastases (NCT05384626).
Title: NVL-520, a Highly Selective ROS1 Inhibitor, in Patients with Advanced ROS1-Positive Solid Tumors: The Phase 1/2 ARROS-1 Study
Authors: A. Drilon1, S-H.I. Ou2, S. Gadgeel3, M. Johnson4, A. Spira5, G. Lopes6, B. Besse7, E. Felip8, A.J. van der Wekken9, A. Calles10, M.J. de Miguel11, D.R. Camidge12, Y. Elamin13, S. Liu14, J. Bauman15, D. Haggstrom16, G. Riley17, H.E. Pelish17, V.W. Zhu17, J.J. Lin18
Abstract Number: EP08.02-041
Session Category: Metastatic Non-small Cell Lung Cancer
Session Title: Molecular Targeted Treatments
Session Date and Time: August 7, 2022, 9:45am – 6:00pm CEST
1Memorial Sloan Kettering Cancer Center, New York/NY/USA ,2University Of California Irvine Medical Center, Orange/CA/USA ,3Henry Ford Cancer Institute, Detroit/MI/USA ,4Sarah Cannon Research Institute, Nashville/TN/USA,5NEXT Oncology - Virginia Cancer Specialists, Fairfax/VA/USA ,6Sylvester Comprehensive Cancer Center at the University of Miami and the Miller School of Medicine, Miami/FL/USA ,7Institut Gustave Roussy, Villejuif Cedex/FR,8Hospital Vall d'Hebron, Barcelona/ES ,9University of Groningen, University Medical Centre Groningen,Groningen/NL ,10Hospital Universitario Gregorio Marañón, Madrid/ES ,11START Madrid-HM CIOCC, Madrid/ES,12University of Colorado Cancer Center, Anschutz Medical Campus, Aurora/CO/USA ,13MD Anderson Cancer Center, Houston/TX/USA ,14Georgetown University, Washington/DC/USA ,15Fox Chase Cancer Center, Philadelphia/PA/USA,16Levine Cancer Institute, Atrium Health, Charlotte/NC/USA ,17Nuvalent, Inc., Cambridge/MA/USA ,18Massachusetts General Hospital, Boston/MA/USA
Summary of Presentation:
- NVL-520 has demonstrated CNS activity and potent and selective inhibition of ROS1 & ROS1 G2032R over TRKB in preclinical models. These data indicate the potential to minimize TRK-related CNS adverse events seen with dual TRK/ROS1 inhibitors and drive more durable responses for patients with ROS1+ tumors, including those with ROS1 resistance mutations and CNS metastases.
- ARROS-1 is a Phase 1/2 study evaluating the safety and activity of NVL-520 in patients with advanced ROS1+ NSCLC and other solid tumors, including those with ROS1 resistance mutations and CNS metastases.
- The Phase 1 portion of the study is open and actively enrolling in the USA, Spain, the Netherlands, and France, with further global expansion planned.
- Phase 2 cohorts are designed to support potential registration in TKI-naive or previously treated ROS1+ NSCLC.
About NVL-655
NVL-655 is a novel brain-penetrant ALK-selective inhibitor created to overcome limitations observed with currently available ALK inhibitors. NVL-655 is designed to remain active in tumors that have developed resistance to first-, second-, and third-generation ALK inhibitors, including tumors with the solvent front G1202R mutation or compound mutations G1202R / L1196M ("GRLM"), G1202R / G1269A ("GRGA"), or G1202R/L1198F ("GRLF"). NVL-655 has been optimized for CNS penetrance to improve treatment options for patients with brain metastases. NVL-655 has been observed in preclinical studies to selectively inhibit wild-type ALK and its resistance variants over the structurally related tropomyosin receptor kinase (TRK) family to potentially avoid TRK-related CNS adverse events seen with dual TRK/ALK inhibitors and drive more durable responses for patients. NVL-655 is currently being investigated in the ALKOVE-1 study (NCT05384626), a first-in-human Phase 1/2 clinical trial for patients with advanced ALK-positive non-small cell lung cancer (NSCLC) and other solid tumors.
About NVL-520
NVL-520 is a novel brain-penetrant ROS1-selective inhibitor designed to remain active in tumors that have developed resistance to currently available ROS1 inhibitors, including tumors with the prevalent G2032R resistance mutation and those with the S1986Y/F, L2026M, or D2033N resistance mutations. NVL-520 has been optimized for brain penetrance to potentially improve treatment options for patients with brain metastases. NVL-520 has been observed in preclinical studies to selectively inhibit wild-type ROS1 and its resistance variants over the structurally related tropomyosin receptor kinase (TRK) family to potentially avoid TRK-related CNS adverse events seen with dual TRK/ROS1 inhibitors and drive more durable responses for patients. NVL-520 is currently being investigated in the ARROS-1 study (NCT05118789), a first-in-human Phase 1/2 clinical trial for patients with advanced non-small cell lung cancer (NSCLC) and other solid tumors.
About Nuvalent
Nuvalent, Inc. (Nasdaq: NUVL) is a clinical-stage biopharmaceutical company focused on creating precisely targeted therapies for patients with cancer, designed to overcome the limitations of existing therapies for clinically proven kinase targets. Leveraging deep expertise in chemistry and structure-based drug design, we develop innovative small molecules that have the potential to overcome resistance, minimize adverse events, address brain metastases, and drive more durable responses. Nuvalent is advancing a robust pipeline with parallel lead programs in ROS1-positive and ALK-positive non-small cell lung cancer (NSCLC), along with multiple discovery-stage research programs. We routinely post information that may be important to investors on our website at www.nuvalent.com. Follow us on Twitter (@nuvalent) and LinkedIn.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, without limitation, implied and express statements regarding Nuvalent's strategy, business plans, and focus; the clinical development programs for NVL-520 and NVL-655 and the timing thereof; the potential clinical effect of NVL-520 and NVL-655; the design and enrollment of the ARROS-1 and ALKOVE-1 studies and the timing thereof; the potential of Nuvalent's pipeline programs, including NVL-520 and NVL-655; Nuvalent's research and development programs for the treatment of cancer; risks and uncertainties associated with drug development; and capital allocation. The words "may," "might," "will," "could," "would," "should," "expect," "plan," "anticipate," "aim," "goal," "intend," "believe," "expect," "estimate," "seek," "predict," "future," "project," "potential," "continue," "target" or the negative of these terms and similar words or expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Drug development and commercialization involve a high degree of risk, and only a small number of research and development programs result in commercialization of a product. You should not place undue reliance on these statements or the scientific data presented. Any forward-looking statements in this press release are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties, and important factors that may cause actual events or results to differ materially from those expressed or implied by any forward-looking statements contained in this press release, including, without limitation: risks that Nuvalent may not fully enroll the ARROS-1 or ALKOVE-1 studies or that enrollment will take longer than expected; unexpected concerns that may arise from additional data, analysis, or results obtained during clinical trials; the occurrence of adverse safety events; risks of unexpected costs, delays, or other unexpected hurdles; risks that Nuvalent may not be able to nominate drug candidates from its HER2 Exon 20 and ALK IXDN programs; the direct or indirect impact of COVID-19 or other global geopolitical circumstances on the timing and anticipated timing and results of Nuvalent's clinical trials, strategy, and future operations, including the ARROS-1 and ALKOVE-1 studies; the timing and outcome of Nuvalent's planned interactions with regulatory authorities; and obtaining, maintaining, and protecting its intellectual property. These and other risks and uncertainties are described in greater detail in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, as well as any subsequent filings with the Securities and Exchange Commission. In addition, any forward-looking statements represent Nuvalent's views only as of today and should not be relied upon as representing its views as of any subsequent date. Nuvalent explicitly disclaims any obligation to update any forward-looking statements.
SOURCE Nuvalent, Inc.
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| 2022-08-05T11:13:09
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Perimeter Solutions Reports Second Quarter 2022 Financial Results
Net sales increased 31% year-to-date, with solid growth in both the Fire Safety and Specialty Products businesses
Adjusted EBITDA increased 39% year-to-date, with solid growth in both businesses
Oil Additives renamed Specialty Products to better reflect the business's current and expanding applications and end-markets
CLAYTON, Mo., Aug. 5, 2022 /PRNewswire/ -- Perimeter Solutions, SA (NYSE: PRM) ("Perimeter" or the "Company"), a leading provider of mission-critical firefighting products and services, as well as specialty products used in several end markets, today reported financial results for its second quarter ended June 30, 2022.
Year-to-Date 2022 Results
- Net sales increased 31% to $158.7 million during the year-to-date period, as compared to $121.0 million in the prior-year period.
- Fire Safety sales increased 31% to $85.0 million, as compared to $64.8 million in the prior year.
- Specialty Products sales increased 31% to $73.7 million, as compared to $56.2 million in the prior year.
- Net income during the year-to-date period was $45.0 million, or $0.26 per diluted share, an increase of $67.4 million from a net loss of $22.4 million, or $0.42 per diluted share, for the same period of 2021.
- Adjusted EBITDA increased 39% to $47.7 million during the year-to-date period, as compared to $34.3 million in the prior-year period.
- Fire Safety Adjusted EBITDA increased 11% to $20.9 million, as compared to $18.8 million in the prior year.
- Specialty Products Adjusted EBITDA increased 74% to $26.8 million, as compared to $15.4 million in the prior year.
Second Quarter 2022 Results
- Net sales increased 16% to $101.0 million in the second quarter, as compared to $87.1 million in the prior-year quarter.
- Fire Safety sales increased 16% to $66.6 million, as compared to $57.2 million in the prior year.
- Specialty Products sales increased 15% to $34.4 million, as compared to $30.0 million in the prior year.
- Net income during the second quarter was $7.2 million, or $0.04 per diluted share, an increase of $11.0 million from a net loss of $3.8 million, or $0.07 per diluted share, for the same period of 2021.
- Adjusted EBITDA increased 15% to $35.7 million in the second quarter, as compared to $31.1 million in the prior-year quarter.
- Fire Safety Adjusted EBITDA increased 3% to $24.2 million, as compared to $23.5 million in the prior year.
- Specialty Products Adjusted EBITDA increased 50% to $11.5 million, as compared to $7.7 million in the prior year.
Conference Call and Webcast
As previously announced, Perimeter Solutions management will hold a conference call at 8:30 a.m. ET on Friday, August 5, 2022 to discuss financial results for the second quarter 2022. The conference call can be accessed by dialing (877) 407-9764 (toll-free) or (201) 689-8551 (toll).
The conference call will also be webcast simultaneously on Perimeter's website (https://ir.perimeter-solutions.com/), accessed under the Investor Relations page. The webcast link will be made available on the Company's website prior to the start of the call; go to the investor relations page of our website to the News & Events menu and click on "Events & Presentations."
A slide presentation will also be available for reference during the conference call; go to the investor relations page of our website to the News & Events menu and click on "Events & Presentations."
Following the live webcast, a replay will be available on the Company's website. A telephonic replay will also be available approximately two hours after the call and can be accessed by dialing (877) 660-6853 (toll-free) or (201) 612-7415 (toll). The telephonic replay will be available until September 5, 2022.
About Perimeter Solutions
Perimeter Solutions is a leading global solutions provider, providing high-quality firefighting products and specialty products used in several end markets. The Company's business is organized and managed in two reporting segments: Fire Safety and Specialty Products, formerly Oil Additives.
The Fire Safety segment consists of formulating, manufacture and sale of fire retardants and firefighting foams that assist in combating various types of fires, including wildland, structural, flammable liquids and others. Our Fire Safety segment also offers specialized equipment and services, typically in conjunction with our fire management products, to support our customers' firefighting operations. Our specialized equipment includes airbase retardant storage, mixing, and delivery equipment; mobile retardant bases; retardant ground application units; mobile foam equipment; and equipment that we custom design and manufacture to meet specific customer needs. Our service network can meet the emergency resupply needs of over 150 air tanker bases in North America, as well as many other customer locations in North America and internationally. The segment is built on the premise of superior technology, exceptional responsiveness to our customers' needs, and a "never-fail" service network. The segment sells products to government agencies and commercial customers around the world.
In June 2022, the Oil Additives segment, which produces and sells Phosphorus Pentasulfide ("P2S5"), was renamed the Specialty Products segment to better reflect the current and expanding applications for P2S5 in several end markets and applications, including lubricant additives, various agricultural applications, various mining applications, and emerging electric battery technologies. Within the lubricant additive end market, currently our largest end market application, P2S5 is primarily used in the production of a family of compounds called Zinc Dialkyldithiophosphates ("ZDDP"), which is considered an essential component in the formulation of engine oils with its main function to provide anti-wear protection to engine components.
Forward-looking Information
This press release may contain "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods.
Any such forward-looking statements are not guarantees of performance or results, and involve risks, uncertainties (some of which are beyond the Company's control) and assumptions. Although Perimeter believes any forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect Perimeter's actual financial results and cause them to differ materially from those anticipated in any forward-looking statements, including the risk factors described from time to time by us in our filings with the Securities and Exchange Commission ("SEC"), including, but not limited to, the Company's Annual Report on Form 10-K for the year ended December 31, 2021 filed with the SEC on March 31, 2022. Shareholders, potential investors and other readers should consider these factors carefully in evaluating the forward-looking statements.
Any forward-looking statement made by Perimeter in this press release speaks only as of the date on which it is made. Perimeter undertakes no obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Non-GAAP Financial Metrics
Adjusted EBITDA
The computation of adjusted EBITDA is defined as net income plus income tax expense, net interest and other financing expenses, and depreciation and amortization, adjusted on a consistent basis for certain non-recurring, unusual or non-operational items in a balanced manner. These items include (i) expenses related to the Business Combination, (ii) founder advisory fee expenses, (iii) stock compensation expense, (iv) non-cash impact of purchase accounting on the cost of inventory sold, (v) contingent future payment related to an acquired business, (vi) management fees related to the services provided by SK Capital Partners IV-A, L.P. and SK Capital Partners IV-B, L.P (collectively, the "Sponsor") when acting in a management capacity and (vii) unrealized foreign currency loss (gain). To supplement the Company's consolidated financial statements presented in accordance with U.S. GAAP, Perimeter is providing a summary to show the computations of adjusted EBITDA, which is a non-U.S.GAAP measure used by the Company's management and by external users of Perimeter's financial statements, such as investors, commercial banks and others, to assess the Company's operating performance as compared to that of other companies, without regard to financing methods, capital structure or historical cost basis. Adjusted EBITDA should not be considered an alternative to net income (loss), operating income (loss), cash flows provided by (used in) operating activities or any other measure of financial performance or liquidity presented in accordance with U.S. GAAP (in thousands).
SOURCE Perimeter Solutions
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https://www.prnewswire.com/news-releases/perimeter-solutions-reports-second-quarter-2022-financial-results-301600614.html
| 2022-08-05T11:13:15
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Peterman Brothers continues growth with expansion to Fort Wayne
Indianapolis' leading HVAC and plumbing company enters new market in northern Indiana
INDIANAPOLIS, Aug. 5, 2022 /PRNewswire/ -- Peterman Brothers, a leading HVAC and plumbing company serving the Greater Indianapolis area, is expanding its services after launching its new location in Fort Wayne, Indiana. The new location will provide a full line of HVAC and plumbing services.
"Our ability to grow and enter new markets is a testament to the quality of service our team provides," said Chad Peterman, president of Peterman Brothers. "Our team treats our customers like they are part of our family. That's what we take pride in at Peterman Brothers. Whether it's installing a gas line or completing emergency HVAC repairs, we treat each customer with the same respect that we would treat our loved ones. With the new location in Fort Wayne, we will be able to deliver the same type of services to homeowners in that community."
The Fort Wayne location offers a variety of HVAC, indoor air quality and plumbing services including furnace maintenance and repairs, heat pump installation, smart thermostat services, A/C installation and repairs, IAQ assessments, plumbing maintenance, gas line installation, water heater maintenance and more.
In addition to providing home service solutions, Peterman Brothers has received several accolades in the past year. In 2021, they received the Dealer of the Year award from Bryant Heating & Cooling. They were also named to the Inc. 5000 list for the third year in a row in 2021.
"We are excited to have the opportunity to serve Fort Wayne and provide top-level home service solutions to its residents," Peterman said. "Awards are a byproduct of the hard work our team brings to the office and in the homes of our customers daily. The true reward is seeing the smiling face of a customer once a job is completed."
Peterman Brothers is available to help with any plumbing or cooling needs. For more information, call (260) 201-3070 or visit https://www.petermanhvac.com/.
About Peterman Brothers
Founded in 1986, Peterman Brothers provides residential heating, cooling, and plumbing services in the Greater Indianapolis area. A second-generation family business, the company offers a 100% satisfaction guarantee with any new installation of HVAC equipment. All technicians are certified through the North American Technical Excellence (NATE) program and fully bonded and insured. Peterman Brothers provides 24/7 emergency service to its customers and offers several financing options with approved credit. To find out more, call (260) 201-3070 or visit https://www.petermanhvac.com.
MEDIA CONTACT:
Heather Ripley
Ripley PR
865-977-1973
[email protected]
SOURCE Peterman Brothers
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https://www.prnewswire.com/news-releases/peterman-brothers-continues-growth-with-expansion-to-fort-wayne-301600121.html
| 2022-08-05T11:13:21
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en
| 0.942121
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LAS VEGAS, Aug. 5, 2022 /PRNewswire/ -- Realty ONE Group, a modern, purpose-driven lifestyle brand and ONE Of the fastest growing franchisors today, is partnering with the National Association of Hispanic Real Estate Professionals (NAHREP), as it continues to strategically grow and expand its diverse, global network. This is the first of several partnerships Realty ONE Group plans to launch in order to broadly represent REALTORS(R) and their clients around the world.
"We believe that formalizing our partnership with NAHREP will allow us to help so many more Hispanic homeowners and our REALTORS(R) who work so hard for them every day," said Kuba Jewgieniew, CEO and Founder of Realty ONE Group.
NAHREP has a network of over 40,000 real estate professionals and is The Voice for Hispanic Real Estate® advocating for more Hispanic families to achieve the American Dream of homeownership for generations to come. As part of the formalized partnership, Realty ONE Group will add even more representatives to serve on NAHREP boards and throughout the organization.
This year, Realty ONE Group was ranked a Top 100 Recession-Proof franchise by Franchise Business Review and the company claimed the No.1 spot for real estate franchisors on Entrepreneur's highly competitive 2022 Franchise 500(R) List.
Realty ONE Group now has more than 18,000 real estate professionals in more than 400 offices in 49 states, Washington D.C. and Canada and will be opening in Ecuador, Costa Rica, Italy, Singapore, Spain and Portugal in addition to the U.S. territory of Puerto Rico.
Learn more at www.OwnAOne.com.
Founded in 2005, Realty ONE Group is an industry disruptor, radically changing the face of real estate franchising with its unique business model, fun coolture, technology infrastructure and superior support for its real estate professionals. The company has rapidly evolved to include more than 18,000 real estate professionals in over 400+ offices across 49 U.S. states, Washington D.C., Puerto Rico, Canada, Italy, Spain, Singapore, Costa Rica and Portugal. Realty ONE Group ranks in the top one percent in the nation by REAL Trends and has been recognized by Entrepreneur Magazine as the number ONE real estate brand. Realty ONE Group is surging ahead, opening doors, not only for its clients but for real estate professionals and franchise owners. To learn more, visit www.RealtyONEGroup.com.
About NAHREP
The National Association of Hispanic Real Estate Professionals® (NAHREP®), a nonprofit 501(c)6 trade association, is dedicated to advancing sustainable homeownership for the Hispanic community in America. NAHREP has a network of over 40,000 real estate professionals and 100 local chapters nationwide, hosting several national events per year and publishing multiple industry cornerstone reports annually and multimedia content. NAHREP advocates for policies that grow sustainable Latino homeownership, read the organization's 2022 policy priorities here.
SOURCE Realty ONE Group
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https://www.prnewswire.com/news-releases/realty-one-group-partners-with-nahrep-301600617.html
| 2022-08-05T11:13:45
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en
| 0.93476
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DUBLIN, Aug. 5, 2022 /PRNewswire/ -- The "Sheet Metal Fabrication Services - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Sheet Metal Fabrication Services Market to Reach $17.2 Billion by the Year 2026
Amid the COVID-19 crisis, the global market for Sheet Metal Fabrication Services estimated at US$15.3 Billion in the year 2022, is projected to reach a revised size of US$17.2 Billion by 2026, growing at a CAGR of 2.6% over the analysis period.
Sheet metal fabrication refers to the subtractive processing method to cut sheet metal into parts. Growth in the global market is being driven by rapid urbanization in many developing regions, and a robust trend of R&D investments in several services sectors. Increasing demand for sheet metal fabrication from a wide range of major end users such as military & defense, aerospace, automotive, oil and gas, industrial machinery, medical devices, construction, agriculture, consumer products, and electronics is expected to drive growth.
Moreover, the current focus on enhancing operational efficiency and lean manufacturing is contributing to increased demand for the process of sheet metal forming among OEMs. Innovative prefabrication techniques adopted by sheet metal fabrication service providers to meet the growing demand are expected to further drive the growth. The increasing shortage of labor could be addressed by adopting cobots in metal fabrication processes. Therefore, increasing number of metal fabrication facilities are adopting cobots to enhance operational efficiency and improve product quality.
The U.S. Market is Estimated at $2.7 Billion in 2022, While China is Forecast to Reach $6 Billion by 2026
The Sheet Metal Fabrication Services market in the U.S. is estimated at US$2.7 Billion in the year 2022. The country currently accounts for a 17.78% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$6 Billion in the year 2026 trailing a CAGR of 3.4% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.5% and 2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR while Rest of European market (as defined in the study) will reach US$6.2 Billion by the end of the analysis period.
Select Competitors:
- All Metals Fabricating, Inc.
- BTD Manufacturing, Inc.
- Classic Sheet Metal, Inc.
- Dynamic Aerospace and Defense Group (Hydram Engineering)
- Ironform Corporation
- Kapco Metal Stamping
- Marlin Steel Wire Products LLC
- Mayville Engineering Company, Inc.
- Metcam, Inc.
- Moreng Metal Products, Inc.
- Noble Industries, Inc.
- O'Neal Manufacturing Services.
- Osh Cut LLC
- Ryerson Holding Corporation
- Standard Iron & Wire Works, Inc.
- The Metalworking Group
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Demand for Fabricated Metal Parts from Varied End-Use Sectors Sets the Growth Trend in Sheet Metal Fabrication Services Market
- Automation of Sheet Metal Fabrication Services Transforms Industry Operations
- Industry 4.0: The Future of Sheet Metal Fabrication Services
- Smart Factory Solutions to Help Sheet Metal Fabrication Companies Overcome Pandemic-Triggered Challenges
- Demand for Automobiles & Increase in Automaking Operations to Drive Market Gains
- Shift towards Electric Vehicles: Tremendous Growth in Store
- Role of Sheet Metal Fabrication in Refurbishing Old Automobiles
- Industrial Machinery & Equipment Industry to Boost Market Outlook
- COVID-19 Outbreak Induces Weakness into Manufacturing & Machinery End-Use Industry
- Construction Industry Dynamics to Influence Market Prospects
- Rise in Demand for Electronics Devices & Components from Residential & Industrial Sectors to Fuel Market Growth
- Sheet Metal Fabrication in Telecommunication Sector
- Aerospace & Defense Industry Presents Long-term Opportunities for Sheet Metal Fabrication Services
- Trends Impacting the Aerospace Sheet Metal Fabrication
- Increased Aerospace Manufacturing Will Spur Parallel Increase in Demand for Metal Fabrication Services
- As an Essential Aspect of Medical Device Innovation, Sheet Metal Fabrication to Transform Medical Sector
- Trends Poised to Spearhead Growth in the Sheet Metal Fabrication Services Industry
- Rising Significance of Additive Manufacturing for Manufacturing Industry Spurs Growth Opportunities
- Advanced Technologies Transform Sheet Metal Fabrication Services
- 3D CAD Improves Design Quality: Becomes Vital for Metal Fabrication Industry
- Laser Technology Aids Automation Trend in Sheet Metal Fabrication
- Use of Laser Machines and Communications Systems on the Rise
- Nearshoring Emerges as a Notable Trend in Sheet Metal Fabrication Market
- Increasing Adoption of Cobots in Metal Fabrication Process to Benefit Market Growth
- Issues Confronting Custom Sheet Metal Fabrication
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/z6elgx
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets
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https://www.prnewswire.com/news-releases/sheet-metal-fabrication-services-global-market-report-2022-as-an-essential-aspect-of-medical-device-innovation-sheet-metal-fabrication-to-transform-medical-sector-301600682.html
| 2022-08-05T11:13:51
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en
| 0.807601
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Stellus Private Credit BDC Reports Results for its second fiscal quarter ended June 30, 2022
HOUSTON, Aug. 5, 2022 /PRNewswire/ -- Stellus Private Credit BDC ("Stellus PBDC" or "the Company") today announced financial results for its second fiscal quarter ended June 30, 2022.
Robert T. Ladd, Chief Executive Officer of Stellus Private Credit BDC, stated, "We are pleased to report strong results for our second full quarter of operations. During the quarter we made seven new investments totaling $41 million, bringing the total portfolio to $79 million at fair value. We have continued to stay active since quarter end, growing the portfolio to $99 million over 18 investments today. On August 4, 2022, we declared our first quarterly dividend of $0.21 per share representing an annualized dividend yield of 5.7% based on net asset value at the beginning of the period. We expect our dividend to grow as we continue to build out the portfolio."
Results of Operations
Investment income for the three months ended June 30, 2022 totaled $1.3 million, most of which was interest income from portfolio investments.
Operating expenses for the three months ended June 30, 2022 totaled $0.6 million, net of $0.4 million in expenses reimbursed and fees waived by the Company's advisor, Stellus Private BDC Advisor, LLC. For the same period, base management fees totaled $0.3 million (which were waived by the Company's advisor), income incentive fees totaled $0.1 million, fees and expenses related to our borrowings totaled $0.3 million (including interest and amortization of deferred financing costs), administrative expenses totaled less than $0.1 million, and other expenses totaled $0.3 million.
Net investment income was $0.7 million, or $0.23 per common share of beneficial interest based on weighted average common shares of beneficial interest outstanding for the three months ended June 30, 2022 of 3,092,695.
The Company's investment portfolio had a net change in unrealized depreciation for the three months ended June 30, 2022 of $0.1 million.
Net increase in net assets resulting from operations totaled $0.6 million or $0.20 per common share of beneficial interest, based on weighted average common shares of beneficial interest outstanding for the three months ended June 30, 2022 of 3,092,695.
Liquidity and Capital Resources
As of June 30, 2022, our amended and restated senior secured revolving credit agreement with Signature Bank (as amended from time to time, the "Credit Facility") provided for borrowings in an aggregate amount of up to $100.0 million on a committed basis. As of June 30, 2022 and December 31, 2021, we had $46.5 million and $0 million in outstanding borrowings under the Credit Facility, respectively.
Recent Portfolio Activity
On April 1, 2022, we invested $5.0 million in the first lien term loan and committed $1.2 million in the revolver of International Designs Group LLC, a regional distributor, seller, and custom fabricator of high-end ceramic and stone tile products and accessories. Additionally, we invested $0.2 million in the equity of the company.
On April 1, 2022, we invested $6.0 million in the first lien term loan and committed $1.0 million in the revolver of Tilley Chemical Company, Inc., a distributor of specialty chemicals, oils, and lubricants into the food & beverage, lubricants, flavor and fragrances, personal care, and other chemicals end-markets.
On April 4, 2022, we invested $5.0 million in the first lien term loan and committed $0.9 million in the revolver of Microbe Formulas LLC, a provider of dietary supplements and other natural solutions for detox and gut health.
On April 29, 2022, we invested $1.3 million in the first lien term loan and committed $1.9 million in the revolver and $1.0 million in the delayed draw term loan of Florachem Holdings, LLC, a distiller and supplier of natural citrus, pine, and specialty inputs. Additionally, we invested $0.2 million in the equity of the company.
On May 17, 2022, we invested $8.9 million in the first lien term loan and committed $1.6 million in the revolver of AIP ATCO Buyer, LLC, a provider of quality assurance services for automotive OEMs and suppliers.
On May 24, 2022, we invested $6.1 million in the first lien term loan and committed €1.3 million in the revolver and €3.6 million in the delayed draw term loan of Monitorus Holding, LLC, a provider of media monitoring and evaluation services.
On June 6, 2022, we invested $6.2 million in the first lien term loan and committed $0.7 million in the revolver of Lightning Intermediate II, LLC, a vitamins, minerals, and supplements brand. Additionally, we invested $0.2 million in the equity of the company.
On June 24, 2022, we invested an additional $0.5 million in the first lien term loan of BDS Solutions Intermediateco, LLC, an existing portfolio company.
Events Subsequent to June 30, 2022
On July 1, 2022, we invested $7.5 million in the first lien term loan and committed $1.5 million in the revolver of Heat Makes Sense Shared Services, LLC, a branded haircare platform. Additionally, we invested $0.4 million in the equity of the company.
On July 5, 2022, we invested $6.2 million in the first lien term loan of Baker Manufacturing Company, LLC, a manufacturer of water well equipment, specialized filtration pumps, and custom castings. Additionally, we invested $0.3 million in the equity of the company.
On July 12, 2022, we fully funded $3.6 million in the delayed draw term loan of Monitorus Holding, LLC, an existing portfolio company.
On July 15, 2022, we received full repayment on the first lien term loan of International Designs Group, LLC for total proceeds of $5.3 million.
On July 29, 2022, we invested $3.6 million in the first lien term loan and committed $1.3 million in the revolver and $3.9 million in the delayed draw term loan of a provider of product testing and consumer insights. Additionally, we invested $0.3 million in the equity of the company.
On August 2, 2022, we partially funded $2.4 million in the delayed draw term loan and an additional $0.1 million in the equity of Inoapps Bidco, LLC, an existing portfolio company.
Credit Facility
The outstanding balance under the Credit Facility as of August 5, 2022 was $44.4 million.
Distributions Declared
On August 4, 2022, our board of trustees declared a regular distribution for the second quarter of 2022 of $0.21 per share, payable to shareholders of record as of August 11, 2022 which will be paid on August 15, 2022.
About Stellus Private Credit BDC
The Company is an externally-managed, closed-end, non-diversified investment management company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. The Company's investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation by investing primarily in private middle-market companies (typically those with $5.0 million to $50.0 million of EBITDA (earnings before interest, taxes, depreciation and amortization)) through first lien (including unitranche) loans and second lien loans, with corresponding equity co-investments. The Company's investment activities are managed by its investment adviser, Stellus Private BDC Advisor, LLC.
Forward-Looking Statements
Statements included herein may contain "forward-looking statements" which relate to future performance or financial condition. Statements other than statements of historical facts included in this press release, including statements about COVID-19 and its impacts, may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of assumptions, risks and uncertainties, which change over time. Actual results may differ materially from those anticipated in any forward-looking statements as a result of a number of factors, including those described from time to time in filings by the Company with the Securities and Exchange Commission including the final prospectus that will be filed with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
Contacts
Stellus Private Credit BDC
W. Todd Huskinson, Chief Financial Officer
(713) 292-5414
[email protected]
SOURCE Stellus Private Credit BDC
|
https://www.prnewswire.com/news-releases/stellus-private-credit-bdc-reports-results-for-its-second-fiscal-quarter-ended-june-30-2022-301600595.html
| 2022-08-05T11:14:03
|
en
| 0.955287
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Strong Technical Advantages of TANK Platform, GWM TANK300 Will Bring a New Intelligent Off-road Experience
BAODING, China, Aug. 5, 2022 /PRNewswire/ -- On July 29, the latest batch of GWM TANK300 arrived at the Port of Jeddah, Saudi Arabia, providing consumers with more opportunities to experience and truly feel the technical strength of the GWM TANK Platform.
"GWM's intention behind TANK Platform creation is to provide an uncompromised product experience for consumers," said Gautam Arun, Product Director of GWM Middle East.
The TANK Platform is a global intelligent professional off-road platform with an intelligent modular design created by GWM which integrates global superior resources. The platform boasts many fantastic features, such as intelligent off-road driving, high reliability and mighty power, to make more powerful and intelligent off-road products.
The TANK Platform allows vehicles an outstanding intelligent off-road performance. It can be adapted to different types of intelligent off-road configurations, such as the TANK TURN (Turning Assist by Braking) function equipped by TANK300. This function can render an even more practical and convenient driving experience for users in harsh driving conditions. When a driver needs to turn in a narrow area, the vehicle can be controlled by the function automatically to pass the area smoothly with a smaller radius.
High reliability is one of the most important features of the TANK Platform. Based on the analysis of various aspects including scenarios, users, and division of vehicle body, the platform can elevate the vehicle's adaptability to the environment, durability and corrosion resistance. Considering that the degree of corrosion varies in different areas of the vehicle body, the platform has carried out specialized anti-corrosion designs for easy-to-corrode parts, such as gluing and anti-corrosion wax spraying. With these unique processes, the body of a vehicle would not be affected by damp, rainy and snowy weather, which makes the vehicle more durable.
Also, the TANK Platform can offer diversified types of powertrain, including ICE, PHEV and HEV, to create different types of vehicles. In terms of ICE, it has equipped vehicles with engines of various specifications. For example, the TANK300 is equipped with a 2.0T direct injection turbocharged gasoline engine with a maximum power of 167kW and a peak torque of 387N·m, which can help users cope with a variety of off-road scenarios, with power performance and fuel economy combined.
Regarding these powerful strengths of the platform, PCAUTO, a leading Chinese automotive website, commented, "the TANK Platform can handle complicated road conditions with excellent performance and quality, and adapt to ever-changing off-road scenarios via the intelligent driving mode. The platform seems to endow its users with "magic" to satisfy their passionate and ever-exploring hearts."
Currently, GWM TANK300 has already been launched globally. GWM TANK plans to develop more customized models based on this platform to offer a wider range of intelligent off-road products for global users.
SOURCE GWM
|
https://www.prnewswire.com/news-releases/strong-technical-advantages-of-tank-platform-gwm-tank300-will-bring-a-new-intelligent-off-road-experience-301600714.html
| 2022-08-05T11:14:09
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en
| 0.927007
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