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Deputies commandeer family’s boat to catch up with alleged jet ski thief
VOLUSIA COUNTY, Fla. (WWSB/Gray News) - A family in Florida got a big surprise Sunday when their pleasure trip was interrupted by sheriff’s deputies chasing a suspect who had absconded with a stolen jet ski.
Around 12:30 p.m., deputies with the Volusia County Sheriff’s Office responded to assist the Ormond Beach Police Department on a report of an in-progress theft of a jet ski at Ormond Beach, WWSB reports.
The suspect, identified as Ronald Williams, had been unable to get the watercraft started, but decided to float away on it.
The family was preparing to go out on the water but allowed deputies to commandeer the boat. It did not take long to catch up to Williams, who was still floating in the Intercoastal Waterway.
Williams told deputies that he couldn’t swim.
He was taken into custody without incident and the jet ski was returned to its owner.
Copyright 2022 WWSB via Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/06/06/deputies-commandeer-familys-boat-catch-up-with-alleged-jet-ski-thief/ | 2022-06-06T22:16:13Z |
LAS VEGAS, Aug. 1, 2022 /PRNewswire/ -- Remark Holdings, Inc. (NASDAQ: MARK), a diversified global technology company with leading artificial intelligence ("AI") solutions and digital media properties, today announced the company's conference call to review financial results for its fiscal second quarter ended June 30, 2022, will be held on Monday, August 15, 2022, at 4:30 p.m. Eastern time. In addition to second quarter 2022 financial results, management will provide an update on the company's AI businesses in Asia, Europe, and the United States and progress made across its AI platform.
The live conference may be accessed via telephone or online webcast.
Date: Monday, August 15, 2022
Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time)
Toll-Free Number: 800.289.0720
International Number: 323.701.0160
Conference ID: 7189339
Online Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1562633&tp_key=7bdfa0774e
Participants are advised to log in for the live webcast 10 minutes prior to the scheduled start time.
A replay of the call will be available after 7:30 p.m. Eastern time on the same day through August 20, 2022.
Toll-Free Replay Number: 844.512.2921
International Replay Number: 412.317.6671
Replay ID: 7189339
Remark Holdings, Inc. (NASDAQ: MARK) delivers an integrated suite of AI solutions that enable businesses and organizations to solve problems, reduce risk and deliver positive outcomes. The company's easy-to-install AI products are being rolled out in various retail, public safety, and workplace applications. The company also owns and operates an e-commerce digital media property focused on a luxury beach lifestyle. The company's corporate headquarters and U.S. operations are based in Las Vegas, Nevada, and it also maintains operations in London, England, and Shanghai, China. The operations of the variable interest entities that the company consolidates are headquartered in Chengdu, China, with additional offices in Hangzhou. For more information, please visit the company's website at www.remarkholdings.com.
This press release may contain forward-looking statements, including information relating to future events, future financial performance, strategies, expectations, competitive environment, and regulations. Words such as "may," "should," "could," "would," "predicts," "potential," "continue," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar expressions, as well as statements in the future tense, identify forward-looking statements. These statements involve known and unknown risks, uncertainties, and other factors, including those discussed in Part I, Item 1A. Risk Factors in Remark Holdings' Annual Report on Form 10-K and Remark Holdings' other filings with the SEC. Any forward-looking statements reflect Remark Holdings' current views concerning future events, are based on assumptions, and are subject to risks and uncertainties. Given such uncertainties, you should not rely on any forward-looking statements, which represent Remark Holdings' estimates and assumptions only as of the date hereof. Except as required by law, Remark Holdings undertakes no obligation to update or revise publicly any forward-looking statements after the date hereof, whether as a result of new information, future events, or otherwise.
Fay Tian
Vice President of Investor Relations
F.Tian@remarkholdings.com
(+1) 626-623-2000
(+86) 13702108000
(+65) 8715-8007
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SOURCE Remark Holdings, Inc. | https://www.wibw.com/prnewswire/2022/08/01/remark-holdings-sets-second-quarter-2022-financial-results-call-august-15-2022-430-pm-et/ | 2022-08-01T14:53:16Z |
AUGUSTA, Ga. (AP) — Ted Scott was retiring last fall. He was done with golf, ready to do something else, probably teach the game. And when Scottie Scheffler called to ask the veteran caddie to work for him, an answer didn’t come easily.
Scott was truly torn. He told his family to pray on it for a week. They did, and they told him to take Scheffler’s offer. That still wasn’t convincing enough; Scott told the family to pray for another week. Nobody’s mind was changed.
Finally, he let Scheffler know the decision had been made.
“I didn’t choose it,” Scott said Sunday evening, sunlight falling over Augusta National, a couple of tears running down his face.
This job, this golfer, this moment, this Masters victory — in Scott’s eyes, it was all chosen for him. Scheffler is the No. 1 player in the world, the newly minted Masters champion, clearly the one ahead of everyone else in the game right now, and all that has come together for him since Scott — for whatever reason — decided that retirement could wait.
“He just knows this golf course so well,” Scheffler said. “I trust him so much on this golf course.”
Scott now has been part of three Masters wins as a caddie. He was on Bubba Watson’s bag for titles in 2012 and 2014. When he and Watson parted amicably last fall, Scott never expected that he would be back at Augusta National.
He wound up as the last caddie to leave the course, the champion’s bag slung over one shoulder, the flagstick from the 18th green still in his other hand. Caddies often take the flag with them; Scott took the whole pin and had no intention of giving it back.
“I’m humbled to be a part of the team, honestly,” Scott said. “I mean, I’ve never hit a shot. Watching these guys this close is the coolest thing. To be able to walk up 18 and six-putt or however many putts we had and still hold this thing is pretty amazing. I feel super fortunate to be a part of it. And I couldn’t be more grateful about it.”
Most caddies defer credit in the same way that Scott does. It’s not about them, they say. He’s not the first and won’t be the last to point out that the player hits the shots, and that the caddie is just along for the walk. All true.
But Scott also knows plenty about being the best in a competitive world. He’s a former foosball world champion — yes, foosball, the tabletop soccer game. He decided one day that he wanted to learn an instrument and taught himself how to play the piano. He is somewhere around a 5 handicap. The book on Scott is this: When he commits to something, it’s a full commitment.
And that’s why he might have been leery at first to work with Scheffler. But what really sold him on Scheffler was that golf wasn’t the absolute biggest thing in the 25-year-old’s life. Scheffler talks openly about his love for family. He speaks about faith, something that Scott holds dear as well. Scheffler might actually get more fired up about board-game competitions with friends than he does with anything that happens on the golf course.
The two just clicked. Scheffler now has four career wins, all in the last two months, all with Scott working with him.
“Ted has just done an unbelievable job,” said Scott Scheffler, the Masters champion’s father.
Scott wasn’t the first caddie to carry a bag for multiple Masters winners. Willie “Pappy” Stokes was with four of them — Henry Picard, Claude Harmon, Ben Hogan and Jack Burke Jr., though all that came in the era when caddies were provided by Augusta National. Players couldn’t bring their own until 1983.
It’s happened in modern times as well. Steve Williams was on the bag for three of Tiger Woods’ Masters wins, then was with Adam Scott for his victory at Augusta National in 2013. Joe LaCava caddied for Fred Couples in 1992, then was with Woods for his fifth Masters triumph, in 2019.
“I can’t speak highly enough of Ted as a person and as a caddie,” Scheffler said. “I respect him so much just as a person. He’s such a fun guy to be around. He’s a man of faith and I love him. I can’t say enough about him. You know, the qualities you look for in a person, Ted embodies pretty much all of them. He’s humble. He’s hard-working. He’s honest. He’s a good time to be around.”
Scott becomes the fifth caddie to be part of at least three Masters wins. Stokes won five, including two with Hogan. Willie Peterson had the bag for the first five of Jack Nicklaus’ six Masters wins. Nathaniel Avery — they called him “Iron Man” — won four times with Arnold Palmer. And Williams has four wins, three with Woods and then the other with Scott.
Scheffler is returning to the Masters next year as the defending champion. Scott expects to be right there alongside him again.
“I guess I’m going to have to keep working,” Scott said.
Right around that moment, an Augusta National member approached Scott and let him know that Scheffler was about to have the green jacket slipped over his shoulders for the first time.
“Want to go see them put a green jacket on him?” Scott was asked.
“Absolutely,” he said.
With that, the pin from 18 still in his hand, Scott took off running back toward the course. Retirement was in the other direction.
___
More AP Masters coverage: https://apnews.com/hub/the-masters | https://cw33.com/sports/ap-sports/caddie-champ-ted-scott-gets-to-be-part-of-a-3rd-masters-win/ | 2022-04-11T06:52:06Z |
Broadband leader brings experience, breadth of knowledge and capabilities to help cooperative deliver high-speed internet services to homes and businesses across four counties
KANSAS CITY, Mo., July 27, 2022 /PRNewswire/ -- Rural fiber-optic network design and construction management leader Conexon has been selected by Suwannee Valley Electric Cooperative (SVEC) to deliver comprehensive broadband support services including network design, construction project management, engineering, and operations support for the cooperative's fiber-to-the-home (FTTH) network project.
Service will be provided to SVEC members through its fiber subsidiary, Rapid Fiber Internet. The project, expected to take four years to complete and costing up to $93 million, will span over 4,100 miles of electric line to deliver high-speed fiber internet services to homes and businesses across all of Hamilton, Lafayette, and Suwannee counties, and northern Columbia County. The goal is to ultimately expand fiber broadband access to all of SVEC's 28,000+ consumers, if possible. Construction is expected to begin in the second quarter of 2023.
"At Conexon, we believe that access to high-speed internet is an educational and economic equalizer for rural communities. We're proud to partner with organizations like Suwannee Valley Electric that are committed to improving the lives and communities of those they serve through world-class broadband services," Conexon Founding Partner Randy Klindt said. "It represents a tremendous commitment from the cooperative that will benefit consumers for generations to come."
The Rapid Fiber Internet network will offer consumers access to symmetrical (same upload and download speeds) gigabit internet capabilities. Additionally, it will enhance SVEC's smart grid capabilities, enabling improved power outage response times, better load balancing, more efficient electricity delivery, and more.
"Like many other parts of rural America, our area finds itself on the wrong side of the 'digital divide,' being underserved or unserved by broadband providers. That's why we are excited to work closely with a trusted partner like Conexon to bring high-speed internet services to our portion of north Florida," said Michael S. McWaters, SVEC Executive Vice President/CEO. "Conexon brings expertise and years of experience in fiber-to-the-home systems for cooperatives across the country, and we are confident that together, we will achieve great results for our community, ushering in a new era of innovation and opportunity."
Conexon works with electric cooperatives committed to serving their members with fiber broadband. With clients and partners, Conexon has designed more than 200,000 miles of fiber, builds more than 50,000 miles of fiber annually, and has connected more than 500,000 rural Americans to fiber to the home.
Suwannee Valley Electric Cooperative (SVEC) was founded in 1937 in northern Florida. After planning and construction, this member-owned cooperative energized its first electric line in 1940. Since the beginning, SVEC has worked tirelessly to bring safe, affordable, and reliable electricity to its rural communities. Today, SVEC maintains over 4,100 miles of power lines and serves more than 28,000 consumers in Florida's Columbia, Hamilton, Lafayette, and Suwannee counties.
Conexon works with Rural Electric Cooperatives to bring fiber to the home to rural communities. The company is comprised of professionals who have worked in electric cooperatives and the telecommunications industry, and offer decades of individual experience in business planning, building networks, marketing and selling telecommunications. Conexon offers its electric cooperative clients end-to-end broadband deployment and operations support, from a project's conception all the way through to its long-term sustainability. It works with clients to analyze economic feasibility, secure financing, design the network, manage construction, provide operational support, optimize business performance, and determine optimal partnerships. To date, Conexon has assisted more than 275 electric cooperatives, 60 of which are deploying fiber networks, with more than 500,000 rural Americans connected to fiber to the home. The company has secured nearly $2 billion in federal, state and local grants and subsidies for its clients.
CONTACT: Cindy Parks
913-526-6912
cindy.parks@conexon.us
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SOURCE Conexon | https://www.wibw.com/prnewswire/2022/07/27/suwannee-valley-electric-cooperative-selects-conexon-design-manage-construction-fiber-broadband-network-serve-rural-north-florida-communities/ | 2022-07-27T21:46:38Z |
SAN FRANCISCO, May 26, 2022 /PRNewswire/ -- The Kratom Vendors Association (KVA) announced it has opened its virtual doors to offer its products and services specifically to kratom vendors in the United States. Founded by Stacey Lloyd in March 2022, the Kratom Vendors Association provides Good Manufacturing Practices (GMP) compliance support to kratom vendors doing business in the United States. KVA offers exclusive membership, standard operating procedures (SOPs), one-on-one GMP compliance support from GMP compliance specialists, GMP training courses, and a GMP Certification Program.
"I began auditing kratom vendors for the American Kratom Association. During my experience working with kratom vendors, I found there was a critical need for compliance support. There currently isn't an organization that assists kratom vendors with becoming GMP compliant, so they have no place to turn for help. That's why I founded the Kratom Vendors Association. I want to assist kratom vendors with GMP compliance to ensure product quality and consumer safety. It is our mission," explained KVA Founder, Stacey Lloyd.
KVA has an advisory board comprised of world-renowned kratom researchers, Dr. Oliver Grundmann, Dr. Christopher McCurdy, and Dr. Charles Veltri; GMP Compliance Specialists, Sherry Strong, Blanca Padrino, Lisa Anthony, Ronald Hare, and Enrique Amoros Baez; GMP Training Developer, Gary Steele; kratom vendors, Sam Weber and Soren Shade of Top Tree Herbs, and Joey Levin from Super Speciosa; and kratom advocate, Melody Woolf.
The GMP Compliance Specialists perform vendor audits and provide GMP assistance to kratom vendors. All KVA Advisors promote and support KVA and its mission to educate, assist and support kratom vendors to ensure product quality and consumer safety and for the purpose of strengthening, improving, and growing the association.
"Most kratom vendors want to be GMP compliant. They care about product quality and consumer safety. Those are the kratom vendors we want to help," states Stacey Lloyd.
About the Kratom Vendors Association
Founded in March 2022 by Stacey Lloyd, the Kratom Vendors Association (KVA) is a virtual organization whose mission is to provide GMP compliance support to kratom vendors to ensure product quality and consumer safety. KVA offers membership to the association, individual SOPs, SOP packages, GMP training, GMP consulting, and a GMP Certification Program to kratom vendors in the United States. Learn more at http://www.kratomva.com.
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SOURCE Kratom Vendors Association | https://www.mysuncoast.com/prnewswire/2022/05/26/kratom-vendors-association-announces-virtual-grand-opening/ | 2022-05-26T18:00:52Z |
BOSTON (AP) — A father was acquitted Thursday of charges that he paid off a Georgetown University tennis coach to get his daughter into the school in the final trial linked to the explosive college admissions bribery scandal.
Amin Khoury’s case is the 57th stemming from the Operation Varsity Blues investigation — which rocked the world of higher education and collegiate sports — to come a conclusion, and the only one to end in an acquittal at trial.
Khoury was not found guilty by jurors on all counts stemming from accusations that he bribed then-Georgetown tennis coach Gordon Ernst with cash in a brown paper bag in exchange for his daughter’s recruitment to the team.
Khoury’s attorneys argued the daughter was properly admitted to the school, which they said routinely treated the kids of parents with deep pockets favorably in admissions. They painted the government’s star witness as a liar who made up the story to save himself from potential tax crimes.
A attorney for Khoury said the government’s case was seriously damaged by the testimony of Khoury’s daughter, who told jurors she didn’t know anything about the payment to Ernst and wasn’t involved in any kind of fraud.
“They accused her of being part of it. And it was totally false,” attorney Roy Black said after the jury announced its verdict.
Unlike dozens of wealthy parents convicted in the college cheating scandal involving elite universities across the country, Khoury wasn’t accused of working with admissions consultant Rick Singer, who used his sham charity to funnel bribes to coaches and others.
Instead, authorities said, Khoury used a middleman he was friends with in college at Brown University to bribe Ernst. Khoury, the middleman and Ernst all played tennis at Brown, and the deal came together while the three of them were at a reunion at the Providence, Rhode Island, school, prosecutors said.
The defense argued that the money was a gift to Ernst, who at the time was struggling financially because the construction of a new athletic center meant he was no longer able to use the school’s tennis courts to run private summer camps and supplement his income.
“What did the Georgetown family do for him? They did nothing,” Black told jurors during his closing argument. “They abandoned him. The only family that helped him was the Khoury family and they want to turn that into a crime.”
Khoury was charged more than a year after Ernst and 49 others — including actors and prominent businesspeople — were arrested in the sprawling scheme involving bogus athletic credentials and rigged entrance exam scores.
Among those listening to closing arguments Tuesday in Boston federal court was his father, Amin J. Khoury, who founded Wellington, Florida-based B/E Aerospace, an aircraft cabin interiors maker that was bought in 2017 for more than $6 billion.
Ernst didn’t testify at Khoury’s trial because he said he would assert his right against self-incrimination if called to the stand. He pleaded guilty to accepting more than $3 million in bribes to help students get into the school and is scheduled to be sentenced next month.
Assistant U.S. Attorney Kristen Kearney told jurors that Khoury’s daughter didn’t have the academic record to get into Georgetown and was ranked at the bottom of her high school tennis team, which itself was ranked at the bottom of its league.
“She had no chance of getting in on merit,” Kearney said.
More than 50 Operation Varsity Blues defendants pleaded guilty, including “Full House” actor Lori Loughlin, her fashion designer husband Mossimo Giannulli, and “Desperate Housewives” star Felicity Huffman. Three others — two parents and a former University of Southern California water polo coach — were convicted at trial.
Another parent was pardoned by former President Donald Trump, and one coach got a deal under which prosecutors agreed to move to dismiss his case if he pays a fine and abides by the the agreement’s terms.
The longest sentence so far — 15 months in prison — was given to John Wilson, a former Staples Inc. executive, found guilty of paying bribes to get son into USC as a water polo recruit and his twin daughters into Harvard and Stanford.
Wilson and another father — Gamal Abdelaziz, a former casino executive — are appealing their convictions, and a judge recently ruled that the two can remain out of prison while they challenge the convictions.
Singer is scheduled to be sentenced in September.
____
This story has been corrected to reflect that Singer’s sentencing is scheduled for September, not August. | https://cw33.com/entertainment-news/ap-entertainment/georgetown-dad-acquitted-in-final-college-bribery-scam-trial/ | 2022-06-16T22:15:54Z |
BEIJING, Aug. 8, 2022 /PRNewswire/ -- On 1st August 2022, Carbonstop, China's first carbon emissions management software and consulting solutions provider, completed a round B of financing worth 100 million yuan ($14.82 million), led by Sequoia China and followed by its original shareholders GL Ventures and Matrix Partners. This funding will be used for the research and development of carbon management software products and the expansion of consulting, marketing, and business teams.
Carbonstop: Pioneer of China's Carbon Management Industry
Carbonstop was founded in 2011, it has been developing with the philosophy of always pursuing " There is no management without reasonable quantification ", adhering to science and technology, data and products as the driving force, promoting enterprises and institutions in various industries to carry out carbon emission calculation, management, emission reduction, and eventually towards carbon neutrality.
Over the past 11 years, Carbonstop has cooperated with more than 1200 customers including Baidu, Alibaba, Tencent, ByteDance, Meituan,JD.com, KFC, Starbucks, SKP, Dow, CNOOC, China Airport Construction Group, Dubai World Expo, Hillhouse, Centurium Capital, China Construction Bank, Mastercard, Porsche, SINO JET, etc.
In the past five years, Carbonstop has shown rapid growth, with an annual compound growth rate of more than 100%. In the first half of 2022, under the dual challenges of the harsh capital environment and COVID-19, Carbonstop had a nearly 300% year-over-year growth rate in revenue, highlighting its business toughness.
More than 10 years of brand building, 10 years of perfecting the world's largest carbon emission factor database, thousands of top customers' best practices, industry-leading carbon management SaaS products, and carbon neutrality methodology "CREOS" have jointly cast a solid barrier on Carbonstop.
A Wave Is Rising, carbon neutrality boosts carbon management market
Since September 22, 2020, the Chinese central government has been pursuing the twin goals of achieving a national carbon peak in 2030 and full neutrality by 2060.
With the continuous promotion of these goals, not only high-energy-consuming enterprises such as electricity and cement companies have begun to manage their own carbon emission data, but also internet enterprises, financial institutions, consumer brands and real estate groups. Such firms that were not required to manage emissions have successively put forward their own carbon neutrality goals to control their emission data internally.
Tsinghua University and China International Capital Corporation Limited (CICC) predicted previously that in the next 30 years, China's investment in carbon neutrality will reach about 140 trillion yuan ($20.748 trillion).
With the continuous penetration of carbon neutrality goal, apart from key GHG emitters starting to manage their carbon emissions, Internet companies, financial institutions, consumer brands, and real estate groups have also announced their own carbon neutrality goals and begun to manage their carbon emissions.
Judging from the fact that hundreds of thousands of enterprises will carry out carbon management and make commitments to carbon neutrality goals, the carbon management market potential is huge.
Continuous innovation, creating an efficient and compliant digital carbon management platform
Over the past eleven years, Carbonstop has taken "let every product show its carbon footprint" as its mission, and its innovation in carbon management technology has never stopped.
Regarding products, Carbonstop initially launched carbon management software CAMP, which started the latest attempt of the digitalization of carbon management, then launched SaaS carbon management platform "Ccloud."
As China's first one-stop Carbon Management Platform, Ccloud includes a series of functional modules, such as carbon accounting, carbon asset management, product carbon footprint, carbon intelligence, carbon account, and online carbon neutralization service. The mission of Ccloud is to make carbon in every place be measured, visualised and create values and impacts.
Also, Carbonstop established the world's largest Carbon Emission Factor database to scientifically guide various industries to calculate carbon emissions.
Sound connectivity, building an open ecosystem in the carbon-neutral era.
Carbonstop has established system-level ecological cooperation with the China National Institute of Standardization, and internationally renowned LCA database EcoInvent in recent years.
Also, Carbonstop has accumulated a carbon emission factor database containing more than 150,000 pieces of data from more than 200 countries around the world, and it will gradually be opened globally to all users.
Meanwhile, Carbonstop is building the London Innovation Center and the North American Innovation Center not only to support Chinese enterprises in the carbon footprint compliance of export and overseas, but also to enhance the competitiveness of international brands.
Next decade, continuing to do the right but difficult things
The mission of Carbonstop is to make every product show its carbon footprint. In the future, customers can select products with carbon labels in shopping malls, which encourages enterprises to produce more goods in low-carbon emmission and provide more low-carbon services.
Lu Hui Yan, the founder of Carbonstop stressed, "We are committed to driving 1 to 2 billion people to reduce carbon emissions and reducing 1 to10 billion tons of carbon emissions in the future.
With the B series funding and support of top investment institutions, Carbonstop can devote to the long-term value, not be trapped by short-term interests, which reminds us to remain committed to doing the right things even when the industry is in the strong tailwind, to create long-term value for our clients and the society.
Meida contact: Xuehong Jiang, +86-010-50973498, xuehong@carbonstop.net
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SOURCE Carbonstop (Beijing) Technology Co., LTD | https://www.mysuncoast.com/prnewswire/2022/08/08/carbonstop-secures-100m-yuan-round-b-financing-led-by-sequoia-china-followed-by-its-original-shareholders-gl-ventures-matrix-partners/ | 2022-08-08T14:53:19Z |
CHICAGO, June 9, 2022 /PRNewswire/ -- The Board of Directors of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG), a closed-end fund advised by Duff & Phelps Investment Management Co., today authorized the payment of dividends on its common stock as follows:
The Fund adopted a Managed Distribution Plan (the "Plan") in 2015 to maintain its current 35 cents per share distribution rate. Under the Plan, the Fund will distribute all available investment income to its shareholders, consistent with the Fund's investment objective. If and when sufficient investment income is not available on a quarterly basis, the Fund will distribute realized capital gains and/or return of capital to its shareholders in order to maintain the 35 cents per share distribution level.
The following table sets forth the estimated amounts of the Fund's June quarterly distribution to shareholders of record at the close of business on June 15, 2022 (ex-date June 14, 2022), payable June 30, 2022, together with the cumulative distributions paid this fiscal year to date from the following sources. All amounts are expressed per share of common stock based on U.S. generally accepted accounting principles which may differ from federal income tax regulations.
The Fund will issue a separate 19(a) notice at the time of each quarterly distribution using the most current financial information available. You should not draw any conclusions about the Fund's investment performance from the amount of these distributions or from the terms of the Fund's managed distribution plan.
The Fund estimates that it has distributed more than its income and capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'.
The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. The Fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
About the Fund
Duff & Phelps Utility and Infrastructure Fund Inc. is a closed-end investment management company whose investment objective is to seek total return, resulting primarily from (i) a high level of current income, with an emphasis on providing tax-advantaged dividend income and (ii) growth in current income, and secondarily from capital appreciation. The Fund seeks to achieve these objectives by investing primarily in equities of domestic and foreign utilities and infrastructure providers. Under normal market conditions, the Fund will invest at least 80% of its total assets in dividend-paying equity securities of companies in the utility industry and the infrastructure industry. The utility industry is defined to include the following sectors: electric, gas, water, telecommunications, and midstream energy. The infrastructure industry is defined as companies owning or operating essential transportation assets, such as toll roads, bridges, tunnels, airports, seaports, and railroads. For more information, please contact shareholder services at (866) 270-7598, by email at duff@virtus.com, or visit the DPG website, www.dpimc.com/dpg.
About the Investment Adviser
Duff & Phelps Investment Management Co. is a subsidiary of Virtus Investment Partners (NASDAQ: VRTS), a distinctive partnership of boutique asset managers. Duff & Phelps has more than 35 years of experience managing investment portfolios, including institutional separate accounts and open- and closed-end funds investing in utilities, infrastructure, MLPs and real estate investment trusts (REITs). For more information, visit www.dpimc.com.
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SOURCE Duff & Phelps Utility and Infrastructure Fund Inc. | https://www.mysuncoast.com/prnewswire/2022/06/09/duff-amp-phelps-utility-infrastructure-fund-inc-announces-dividend-discloses-sources-distribution-section-19a-notice/ | 2022-06-09T21:48:15Z |
Luxury bedding and home goods brand draws on its more than 110 years of expertise to introduce a new generation of comfort to the tiniest members of every family
NEW YORK, Aug. 25, 2022 /PRNewswire/ -- The Company Store, a leading online retailer of premium textiles, home decor products and all things comfort, announced the debut of its new Baby Collection, a natural extension of the company's popular lines of home and bedding essentials. Featuring dreamy designs inspired by nature and faraway places, the newly launched Giraffe Play, Night Sky, Flower Burst, Little Bunny, and Whale School Collections add a touch of wonder to any nursery. The collections include crib and bed sheets, play mats, hooded towels, quilted stroller blankets, printed wallpaper and more. Each new addition reflects The Company Store's long tradition of exclusive one-of-a-kind patterns, quality and craftsmanship, and timeless style.
"We want everyone to be cozy… moms, dads, and babies too. Our collection is soft and comfortable with subtle, yet cute, designs and calming colors that parents can mix and match to create a look that fits their personal style and home—and, of course, it delivers the high quality our customers have come to expect from us," said Corinne Bentzen, chief executive officer of The Company Store. "We've been fortunate to deliver comfort to generations, providing quality products that stand the test of time, and we're excited to build on that legacy with our Baby Collection."
Thoughtfully designed, The Company Store Baby Collection tastefully blends a soothing palette with sophisticated style that is baby soft, livable and gender neutral. With fun sensibility and muted designs that incorporate a European flair, the collection offers curated color combinations, high-quality production and exceptional versatility that create an elevated offering for the contemporary family. The Baby Collection is infused with a mix and match mentality, with all prints and motifs designed to coordinate, offering versatility and customization.
Key collection pieces include:
- Company Kids™ Organic Cotton Percale Print Collections – Sheets and duvet covers are made with organic cotton certified to the Global Organic Textile Standard (GOTS). Comforter shell is certified to the Organic Content Standard (OCS Blended) and has a lofty, recycled polyester fiber fill certified to the Global Recycled Standard (GRS).
- The Company Store x Wallshoppe Removable Wallpaper (SKU #83239) – Made of non-toxic, PVC free paper, $58
- Cotton Weave Blanket & Throw (SKU: #KO33), from $59
- Company Kids™ Stripe Cotton Knit Blanket (SKU: #85072) – Reverses to plush faux fur, $64
- Company Kids™ Baby Playmat (SKU: #30370) – Ultra-plush fleece with a Sherpa fleece reverse, $69
- Company Kids™ Baby Hooded Towel (SKU: #38285), $44
A selection of products can also be personalized with a monogram or name through The Company Store including baby play mats, toddler shams, hooded towels, sheets, and quilted stroller blankets.
Aligned with The Company Store's existing testing protocols, the Baby Collection uses organic cotton certified to the GOTS for the sheets and duvet covers. The comforter shells are made from organic cotton percale certified to OCS Blended, and the comforters are filled with recycled polyester fiber fill certified to GRS. All sheet material and the stroller blankets are STANDARD 100 by OEKO-TEX® certified. Additionally, the collection meets the safety requirements for Chemicals of High Concern to Children (CHCC) testing standards.
The entire new Baby Collection is available now at https://www.thecompanystore.com/kids-baby-all.
ABOUT THE COMPANY STORE
At The Company Store, we believe that comfort makes the world go 'round—that nothing beats a great night's sleep, and down time with family and friends restores your spirit. With this in mind, we source the highest-quality materials and partner with the best manufacturers in the world to bring you the most comfortable bedding and bath products. For more than 110 years, your comfort has been our promise. Available at https://www.thecompanystore.com/.
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SOURCE The Company Store | https://www.kxii.com/prnewswire/2022/08/25/company-store-unveils-new-ultra-comfortable-customizable-baby-collection-fit-modern-family/ | 2022-08-25T12:56:58Z |
PORTSMOUTH, Va. (WAVY) — From New York to Hollywood and beyond, prayers are being offered for veteran actor and director Denise Dowse.
According to her sister Tracey, the 1981 graduate of Norfolk State University is fighting for her life in Los Angeles after contracting viral meningitis. Tracey shared the diagnosis on Facebook over the weekend.
Tracey tells Nexstar’s WAVY that her sister’s illness started in July as a headache; she slipped into a coma on July 18, and doctors confirmed the diagnosis on July 21.
Actor and director Joe James of Norfolk, who starred with Dowse in the Southeastern Virginia Arts Association & Stage Norfolk production “Hiram and Nettie” in 2005, was stunned to read the update on Facebook.
“I stopped in my tracks, I had to sit down and I said to myself ‘I just saw her picture come across my thread and this can’t be, this cannot be’,” lamented James from his home in New York.
“Denise is just one of those spirits and when she walks into a room she just lights it up,” said James.
Terrance Afer-Anderson directed the play “Hiram and Nettie,” and now he’s leading the online plea for prayers.
“People all over the country are praying for Denise,” said Afer-Anderson.
Dowse was the talk of the town at Norfolk State. Under the direction of the late Robert Wynn-Jackson, Dowse played the lead role in “Who’s Afraid of Virginia Woolf.”
“I remember that like it was yesterday; it was one of her favorite roles,” said sister Tracey Dowse from the home she shares with Denise in Los Angeles.
More than 100 other roles have made Dowse a constant on the big screen, on the small screen, and on Broadway.
Notable roles include appearing as the principal of a high school in the movie “Coach Carter,” a judge in the television show “Law and Order,” and two roles in the television show “Beverly Hills, 90210.” She recently completed a director role in the film “Remember Me: The Mahalia Jackson Story.”
As the prayers continue, Nexstar’s WAVY asked Tracey what advice Denise would offer to aspiring actors and directors.
“If this is your dream, keep going to what you have to do to live, but keep at it and it will eventually pay off,” said Tracey who is a life coach.
Tracey says her family believes in prayer and they pray Denise will return for another act in show business. | https://cw33.com/news/nexstar-media-wire/denise-dowse-of-90210-and-more-in-coma-after-contracting-viral-meningitis/ | 2022-08-11T01:24:56Z |
Nosotros and Brisa team up ahead of WSL finals
LOS ANGELES, Sept. 6, 2022 /PRNewswire/ -- Just as the WSL finals are set to begin in Lower Trestles, Nosotros and Brisa Hennessy announce their partnership. Nosotros Founder and CEO, Carlos Soto, and pro-surfer Brisa Hennessy are both Costa Rican natives with strong ties to the place they call home – a connection that is undeniable and paved the way for this partnership.
Carlos and Brisa represent the best of Costa Rica, drawing on the values and lessons they learned throughout their lives to create their brands. While both have left Costa Rica, core principles of sustainability, simple living, and enjoying time with loved ones have stayed with them.
"Thinking about our first big partnership was a big move for Nosotros, and there was no question that Brisa was who we wanted to pursue that with. While Brisa and I have taken different paths from one another, there are few people whose story resonates with me more than hers. We are connected through our parallel upbringings and decisions to cultivate something meaningful that ties back to the pura vida spirit that we both believe in, and I feel proud to support an up and coming Costa Rican female athlete. She is particularly an inspiration to young girls back home," said Carlos Soto of Nosotros. "We truly cannot wait to cheer for Brisa in the WSL finals and see what we can build together!"
Brisa, in the midst of the most successful season of her young career, is top of mind for everyone in the surfing world as she heads into the WSL Finals. On this first-of-its-kind partnership, Brisa added, "When I found out that Nosotros wanted to work with me, I was sold. I feel so deeply connected to the values that the brand embodies thanks to its Costa Rican roots. Having the Nosotros name on my board is truly exciting and I can't wait to make them proud in Trestles this week. It is important to me to work with brands who understand who I am and what I value. Because of that, it is a true honor to represent Costa Rica, and to work with Carlos, who does the same. I hope we are both making Costa Rica proud."
Tune in for the WSL finals, to cheer on Brisa, whose board features Nosotros.
Founded in 2017, Nosotros became the winner of the San Francisco World Spirit Competition, claiming the "World's Best Tasting Tequila" title just a few months after joining the marketplace with Nosotros Blanco. Since then, Nosotros has also launched Nosotros Reposado, Nosotros Mezcal (Espadín y Tobalá), Tesla Tequila, and now their Nosotros Madera Collection. Nosotros is centered around creating unforgettable and authentic experiences with loved ones. Visit www.nosotrostequila.com and @nosotros.
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SOURCE Nosotros Tequila and Mezcal | https://www.kxii.com/prnewswire/2022/09/06/nosotros-tequila-brisa-hennessy-best-costa-rica/ | 2022-09-06T20:36:47Z |
DES MOINES, Iowa (AP) — A Colorado prison inmate has become the first person in the U.S. to test positive for bird flu in a recent outbreak that has led to the deaths of millions of chickens and turkeys, but federal officials say they still see little threat to the general public.
The U.S. Centers for Disease Control and Prevention said Thursday evening that the infected man had been in a prerelease program and was helping to remove chickens from an infected farm. The man, who was under age 40, reported fatigue for a few days but has recovered, state health and CDC officials said in a statement.
The man was isolated and is being treated with an antiviral drug. Other people involved in the bird removal operation in Colorado have tested negative, but they are being retested out of an abundance of caution.
The man was part of a crew of inmates nearing release who had been working at the farm before a case of bird flu was confirmed there on April 19, said Lisa Wiley, a spokeswoman for the Colorado Department of Corrections. When bird flu was detected at the farm in Montrose County, the inmates were asked to help kill and remove the birds.
Agriculture officials have reported an outbreak at one Montrose County farm with 58,000 broiler breeder chickens.
Despite the infection, the CDC considers the threat to the general public to be low because spread of the virus to people requires close contact with an infected bird.
Signals that could raise the public health risk might include multiple reports of virus infections in people from exposure to birds, or identification of spread from one person to another. The CDC also is monitoring for genetic changes to the H5N1 bird flu virus that is currently circulating. Any genetic changes could indicate the virus is adapting to spread more readily from birds to people or other mammals.
Many different bird flu viruses have infected humans worldwide since at least the 1990s, but health officials still say human infection is uncommon.
In 2002, H7N2 caused pinkeye and mild respiratory symptoms in people in the U.K. and the U.S. Four U.S. infections have been identified since 2002; two were transmitted from cats to humans in 2016.
More than 1,500 people in China have been infected with the H7N9 strain, largely in outbreaks between 2013 and 2017. This version caused serious infections among people and 40% of those who were hospitalized died.
A different variant of H5N1 has also circulated since 1997, infecting more than 880 people, and it had a 50% case fatality rate.
The current H5N1 variant has been spreading among backyard and commercial chicken and turkey flocksin the U.S. since late February. Viruses have been found in U.S. commercial and backyard birds in 29 states and in wild birds in 34 states. More than 35 million chickens and turkeys have been killed and removed to avoid spread, the U.S. Department of Agriculture reported.
The CDC said it has tracked the health of more than 2,500 people who have been exposed to H5N1-infected birds but that the inmate’s illness was the only confirmed case to date.
The agency said it was possible the man only had the virus present in his nose and that his body was not infected. Colorado public health officials say repeat testing on the man was negative for influenza. A nasal swab positive test result meets the agency’s criteria for considering it an infection.
“The appropriate public health response at this time is to assume this is an infection and take actions to contain and treat,” the CDC statement said.
___
Associated Press reporter Colleen Slevin in Denver contributed to this report. | https://cw33.com/health/ap-health/first-case-of-human-bird-flu-infection-confirmed-in-colorado/ | 2022-04-30T00:39:37Z |
SHANGHAI, June 1, 2022 /PRNewswire/ -- ZTO Express (Cayman) Inc. (NYSE: ZTO and HKEX: 2057) ("ZTO" or the "Company"), a leading and fast-growing express delivery company in China, today announced that it will hold its annual general meeting of shareholders ("AGM") on Wednesday, June 22, 2022, at 2:00 p.m. (local time), at Building One, No. 1685 Huazhi Road, Qingpu District, Shanghai, 201708, China.
No proposal will be submitted to shareholders for approval at the AGM. Instead, the AGM will serve as an open forum for shareholders and holders of the Company's American depositary shares ("ADSs") to discuss Company affairs with management.
The board of directors of the Company has fixed the close of business on May 31, 2022 (Beijing Time) as the record date (the "Record Date") for determining the shareholders entitled to receive notice of the AGM or any adjournment or postponement thereof.
Holders of record of the Company's Class A ordinary shares or Class B ordinary shares, par value US$0.0001 per share in each case, at the close of business on the Record Date are entitled to attend the AGM and any adjournment or postponement thereof in person. Holders of the Company's ADSs are welcome to attend the AGM in person.
ZTO has filed its annual report on Form 20-F, including its audited financial statements, for the fiscal year ended December 31, 2021, with the U.S. Securities and Exchange Commission. ZTO's Form 20-F can be accessed on the Company's website at http://zto.investorroom.com, as well as on the SEC's website at http://www.sec.gov.
ZTO has also published its annual report for Hong Kong purposes pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ("HKEX"), which can be accessed on the Company's website at http://zto.investorroom.com as well as the HKEX's website at http://www.hkexnews.hk.
About ZTO Express (Cayman) Inc.
ZTO is a leading and fast-growing express delivery company in China. ZTO provides express delivery service as well as other value-added logistics services through its extensive and reliable nationwide network coverage in China.
ZTO operates a highly scalable network partner model, which the Company believes is best suited to support the significant growth of e-commerce in China. The Company leverages its network partners to provide pickup and last-mile delivery services, while controlling the mission-critical line-haul transportation and sorting network within the express delivery service value chain.
For more information, please visit http://zto.investorroom.com.
For investor and media inquiries, please contact:
Investor Relations Department
E-mail: ir@zto.com
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SOURCE ZTO Express (Cayman) Inc. | https://www.kxii.com/prnewswire/2022/06/01/zto-express-hold-annual-general-meeting-june-22-2022/ | 2022-06-01T10:27:17Z |
Event to Offer a Vast Array of Employment Positions for Candidates in Attendance
Open to the Public, the Job Fair Will Pave Pathways to Economic Opportunity for Formerly Incarcerated, Single Parents, and Veterans
PHILADELPHIA, May 24, 2022 /PRNewswire/ -- Today, REFORM Alliance announced that it will host its first Philadelphia Job Fair in partnership with Hire! Philly at the Wells Fargo Center on June 9, 2022. The event will provide jobs, interview and resume building skills, free expungement aid, professional attire, and more.
The Philadelphia job fair – which starts at 10 am EDT and goes until 4 pm EDT – is open to the public and aims to serve as a key pathway to economic opportunity for formerly incarcerated people, single parents, and veterans. Representatives of poverty alleviation and workforce development programs will also participate in the event to provide critical services to attendees. The event will receive support from 76ers, Amazon, Fanatics, NAACP Philadelphia, and Wells Fargo Center.
Corporations and local employers will be invited to send recruiters to interview candidates on-site, with participating companies to be announced in the coming days. REFORM Alliance will also be offering jobs within their organization, joining companies from a wide array of industries to create tangible pathways to build economic opportunity among system impacted communities.
"Jobs mean strong families, safe communities, and a healthy economy," said Robert Rooks, CEO of REFORM Alliance. "System-impacted people constitute a ready and willing workforce but face significant barriers to employment. With this job fair, we want to empower people with hope, dignity, confidence, and access to opportunity so that they can thrive."
According to Fines and Fees Justice Center's recent study co-released with REFORM Alliance, two of every three people on probation make less than $20,000 per year, with nearly 40% of those making less than $10,000 annually. These income disparities are compounded with Philadelphia's 12.2% average unemployment rate - which is 50% higher than the U.S. average according to the Pew Charitable Trusts' annual State of the City report.
Attendees to the job fair will also receive free career development resources and job readiness support, including:
- Professional Attire
- Grooming and Styling Services
- Resume-Building Resources
- Expungement Aid
- And more to prepare for sustainable access in the employment market
"People need jobs to provide for themselves and support their families. Yet too many Philadelphians are locked out of the economy because of their criminal history or other barriers," said Jessica Jackson, Chief Advocacy Officer of REFORM Alliance. "This job fair is an opportunity to break down those barriers and help anyone trying to get back on their feet. We have an amazing group of partners, volunteers and employers ready to make this a one stop shop for a better future."
"At Hire! Philly we believe that connecting people to employment is the first step in placing them on a path to economic mobility. However, having access to quality jobs is far too often a challenge for people with significant barriers such as a criminal background. So we work very intentionally to design hiring events that meet job seekers where they are and include access to community resources that address workforce barriers," said Kathryn Epps Roberson, Executive Director of Hire! Philly. "Attendees will be able to engage with dozens of our employer and community partners during the event but will also be able to maintain those connections and access additional job opportunities through our web-based employment support platform, PropelPHL, beyond the event."
The Philadelphia event is the second job fair hosted by REFORM Alliance. Roc Nation and REFORM teamed up last year to produce a job and resource event at Madison Square Garden in New York. The organization plans to launch a series of job and resource events across the country over the coming year.
In order to participate in the event, employers must be willing to commit to offering full-time positions that are primarily based in the state of Pennsylvania. Prospective candidates must be able to show proof of identification in order to enter the venue.
If interested in attending the job fair please register at: LINK
If interested in offering employment opportunities or donating items, please visit: LINK
For more information, please visit @reform on Instagram, Twitter, Facebook, and TikTok.
REFORM is committed to transforming probation and parole throughout the United States by changing laws, systems, and culture. The organization is working to replace America's criminal justice system with a restorative approach that is fair, accountable and invested in rehabilitation. Our goal is for people to reenter society with dignity, create meaningful pathways to work and equip them with the tools to succeed all while making families and communities safer and stronger.
The nonprofit organization was founded in the wake of the #FreeMeek movement by award-winning recording artist Meek Mill; Philadelphia 76ers partner and Fanatics CEO Michael Rubin; Arnold Ventures co-founder Laura Arnold; entrepreneur and business mogul Shawn "JAY-Z" Carter; Kraft Group CEO and New England Patriots owner Robert Kraft; Galaxy Digital CEO and founder Michael E. Novogratz; Vista Equity Partners founder, chairman, CEO Robert F. Smith; Brooklyn Nets co-owner and philanthropic investor Clara Wu Tsai; and CNN host and activist Van Jones. Veteran criminal justice advocate Robert Rooks leads the organization as CEO.
Hire! Philly is the only employer-led workforce intermediary supporting the entire nine (9) county Greater Philadelphia Region. Hire! Philly is in a unique position that considers the needs of both employers + opportunity seekers alike. They operate as a conduit between these two groups by having a deep understanding of employer needs and aligning those needs with the skills + talent of local opportunity seekers. This employer-led initiative intends to not only tackle some of Philadelphia's toughest workforce challenges through collaboration but also provide employers with services that support their internal workforce needs and build viable + diverse talent pipelines.
PropelPHL, powered by Hire! Philly, is the most comprehensive employment support solution in the Philadelphia Region. This innovative, web-based platform aggregates the workforce ecosystem into a centralized, digital hub to connect talent + skills with opportunity. This is a free tool that uses proprietary skills latticing technology to connect job seekers to high-demand, living-wage paying jobs that they are an ideal candidate for hire. Additionally, PropelPHL provides job seekers the chance to connect with education, training, financial, and community resources to ensure that our workforce has the support they need to excel in their careers.
Media Contact:
reformalliance@berkcommunications.com
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SOURCE REFORM Alliance | https://www.mysuncoast.com/prnewswire/2022/05/24/reform-alliance-hire-philly-host-job-fair-wells-fargo-center-philadelphia/ | 2022-05-24T18:53:14Z |
BROOKLINE, Mass. (AP) — Phil Mickelson’s tee shot on No. 3 landed in the rough to the right, and when he arrived at his ball he saw a man sitting on the ground, holding an icepack to his right temple, with medical staff gathered around.
Mickelson went over and gave the man a glove and apologized. One problem: It was Sam Horsfield’s shot from the neighboring sixth hole that hit him.
“It’s just instinct,” Mickelson said, drawing laughter from the gallery. “I would normally think it’s me.”
That’s how things went for the six-time U.S. Open runner-up at The Country Club this week: a series of apologies, interrupted by a whole lot of bad golf shots.
“Wish I had played better,” Mickelson, who declined to talk to reporters, said in a transcript that was distributed by the USGA on Friday after he followed a first-round 78 with a 3-over 73 to finish 11 over and miss the cut at plus-3.
“It was OK. I had a good day,” he said.
A six-time major champion who has become the face of the Saudi Arabia-backed LIV Golf tour, Mickelson was competing on American soil for the first time in more than four months.
But if the fans held his cash grab against him, they didn’t let it show.
“Phil, liven it up!”
“Long live Phil!”
“You’ve got work to do!”
“A 62 makes the cut, Phil!”
“You and me forever, baby!”
“Call it a comeback, Phil!”
“See you in Portland!” — a reference to the next LIV tour event.
And the fans in a tent next to the sixth tee sang him “Happy Birthday.”
“The fans here have always been terrific, and they really support all sports,” Mickelson said, according to the transcript. “I love it when we bring golf here because they create a really special atmosphere.”
Mickelson had little else to smile about. Starting on the 10th hole, he made back-to-back-to-back bogeys on Nos. 13-15 and needed a 15-footer to save par on the third hole after nearly winding up in the gallery with his drive.
He wasn’t as lucky on No. 4, a 493-yard par 4, where he missed a 12-foot par putt and left himself almost as much coming back for bogey. But the 52-year-old left-hander — his birthday was actually Thursday — followed with back-to-back birdies.
He sank a 43-foot putt from the front apron on the fifth hole and one that was nearly 60 feet on the sixth, both times acknowledging the crowd’s cheers with a thumbs-up and wave. On his way to the seventh tee, he gave his ball to a 9-year-old girl standing by the ropes.
“I enjoyed the week,” said Mickelson, who left Brookline still needing a U.S. Open victory to complete his career Grand Slam. “It was spectacular to come back to such a historic course, and I thought the setup was remarkable. Just really showcased what a special place this is.”
___
More AP sports: https://apnews.com/hub/sports and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/phil-mickelson-apologizes-to-us-open-fan-no-not-for-that/ | 2022-06-18T13:16:00Z |
DALLAS, June 16, 2022 /PRNewswire/ -- A new study examining how to harness one's immune system to eliminate metastatic breast cancer (MBC) tumors in the body is receiving a three-year $600,000 grant from Susan G. Komen®, the world's leading breast cancer organization. This grant joins Komen's active portfolio of over $65 million currently invested in metastatic breast cancer research.
The pre-clinical research project titled, "Supplementing Effects of Immunotherapy for Metastatic Breast Cancer," led by Susan G. Komen Scholar Alana Welm, Ph.D., from the Huntsman Cancer Institute at the University of Utah in Salt Lake City, aims to determine how targeting a protein could enable the immune system to block a mechanism that drives the spread of breast cancer, known as metastasis, to other parts of the body.
"Finding the cures for MBC will only be accomplished through new innovative research such as the project Dr. Welm is leading," said Victoria Wolodzko Smart, SVP of Mission at Susan G. Komen. "Understanding more about this potential therapeutic target could lead to a promising new treatment option for people with metastatic breast cancer, and we hope it could one day save thousands of lives lost every year to MBC."
Welm and her team have identified that a protein found in the body called sfRon kinase regulates T-cell activity, a component of the immune system, and their ability to kill breast cancer cells.
Welm and her research team will analyze how sfRon kinase functions and test how a promising new drug called a RON inhibitor could enable one's immune system to eliminate deadly micro-metastatic tumors and kill breast cancer cells before they spread. RON inhibitor drugs have completed phase I clinical trials with favorable results, and this study aims to better understand how these drugs work with the immune system to fight MBC.
"Understanding the function of sfRon kinase and its role in metastasis brings us closer to determining how to intervene to kill cancer cells before they spread. The immune system holds tremendous potential in intervening early and this grant could help us advance a targeted therapy option for people living with MBC," said Welm.
MBC, also known as stage 4, is the most advanced stage of breast cancer and remains incurable today. Only 30 percent of women with MBC in the U.S. live at least 5 years after diagnosis. MBC is responsible for most of the nearly 44,00 breast cancer deaths that were expected to occur in the US this year.
Susan G. Komen's Excellence in Metastatic Breast Cancer Research grant awarded to Welm is made possible through Komen's fundraising campaign for metastatic breast cancer in October. Learn more about Susan G. Komen's innovative research to help find the cures for breast cancer, including the nearly $248 million invested in MBC research since 1992.
Susan G. Komen® is the world's leading nonprofit breast cancer organization, working to save lives and end breast cancer forever. Komen has an unmatched, comprehensive 360-degree approach to fighting this disease across all fronts and supporting millions of people in the U.S. and in countries worldwide. We advocate for patients, drive research breakthroughs, improve access to high-quality care, offer direct patient support and empower people with trustworthy information. Founded by Nancy G. Brinker, who promised her sister, Susan G. Komen, that she would end the disease that claimed Suzy's life, Komen remains committed to supporting those affected by breast cancer today, while tirelessly searching for tomorrow's cures. Visit komen.org or call 1-877 GO KOMEN. Connect with us on social at www.komen.org/contact-us/follow-us/.
CONTACT:
Cristobal Martinez
Susan G. Komen
(972) 701-2135
cmartinez@komen.org
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SOURCE Susan G. Komen for the Cure | https://www.wibw.com/prnewswire/2022/06/16/susan-g-komen-research-grant-advances-understanding-new-therapeutic-target-metastatic-breast-cancer-patients/ | 2022-06-16T17:25:37Z |
SAN FRANCISCO, June 2, 2022 /PRNewswire/ -- Canvas, the construction robotics company building the future in bold new ways, today announced the launch of its innovative Level 4 Targeted Spray system. Building on the groundbreaking launch of the Canvas finishing machine, this new capability enables Canvas partners to deliver new levels of performance for clients. Developed based on feedback from key customers, in a time of massive labor shortages, unprecedented building demand, and risking building costs, Level 4 Targeted Spray makes drywall finishing safer and more predictable than ever before.
In December 2021, Canvas rolled out its Innovation Partner Program, a collaboration that now includes seven industry-leading technical contractors — Webcor, DPR Construction, Swinerton, Nevell Group Inc., KHS&S, Daley's Drywall & Taping, Inc., and California Drywall. These industry stewards have demonstrated their commitment to moving the drywall industry forward and were selected by Canvas to participate more directly in creating better outcomes for their workers and projects. These customers and partners' crews train on the Canvas system and now operate machines independently.
Their experience operating Canvas machines and delivering unparalleled performance for their clients has also given these partners another way to add exceptional value to their projects and to move the industry forward. Level 4 Targeted Spray emerged out of this need, as partners surfaced a desire for the Canvas worker-controlled machine to spray both a Level 5 finish, in which the entire wall is sprayed prior to sanding; and a Level 4 finish, which targets only the drywall seams.
"We started by inventing new processes for drywall with our worker-operated machines and level 5 process, but our goal is to provide ongoing solutions for every aspect of our customers' needs," said Canvas CEO Kevin Albert. "L4TS is a watershed moment for Canvas because it represents a major leap in capability for Canvas Certified Finishers, but also the success of our Innovation Partner Program and our ability to drive the industry forward together. We're proud to listen to our customer's feedback and deliver solutions that further improve drywall finishing."
The new L4TS process continues to deliver not only on safety and quality but now also gives Canvas partners the ability to use the machine on a broader range of projects. By spraying only the seams, L4TS enables contractors to offer their clients greater flexibility in a project's finish level, while reducing cycle times and therefore improving schedules.
"Our clients are some of the most innovative companies in the world working on the most demanding projects," said Daley's Drywall Vice President Jonathan Hughes. "With L4TS, Daley's is able to meet our clients' demands for exceptionally high-quality drywall finishes, while also offering much shorter schedule durations."
Unprecedented labor shortages and projected building demands — which call for doubling our building stock by 2040 — have pushed the construction industry to a critical point. Canvas's approach of putting machines into the hands of skilled workers has helped meet this growing crisis by training people for the jobs of the future and introducing unprecedented safety, quality, and efficiency to the drywall discipline.
With its new Level 4 capability, coupled with its strong relationships with the International Union of Painters and Allied Trades and the Innovation Partner Program, Canvas continues to set the standard for construction technology and is leading the industry to a future of better project outcomes and shorter schedules.
"Canvas has not only produced a revolutionary tool for drywall-finishing, but they're constantly improving their product in response to the industry's needs and our own challenges and opportunities," said Swinerton Director of Innovation Aaron Anderson. "Being able to work with a company that welcomes feedback and delivers real-time solutions is why we value our relationship with Canvas. We look forward to the future of this partnership and seeing the innovations that Canvas will continue to bring to this space."
Canvas is a construction robotics company whose mission is to enable people to build in bold new ways. The Canvas System provides a flexible approach to drywall finishing, combining the skills and expertise of trained union workers and technology that together enable Canvas to consistently deliver consistently high-quality drywall finishes, unlock unprecedented control over schedules by reducing typical finishing times from 7 to 2 days, and provide better working conditions for all. The company's Innovation Partners are currently deploying the Canvas machine on multiple jobsites in the Bay Area. Visit Canvas online at https://www.canvas.build.
MEDIA CONTACT
Chelsea Allison
312-775-2856
chelsea@cmand.co
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SOURCE Canvas | https://www.mysuncoast.com/prnewswire/2022/06/02/construction-robotics-company-canvas-accelerates-drywall-innovation-with-level-4-targeted-spray/ | 2022-06-02T15:52:28Z |
CHICAGO, Aug. 3, 2022 /PRNewswire/ -- BNY Mellon Wealth Management named Adam Lieb as senior client strategist for Global Family Office. Adam is responsible for developing new opportunities and delivering the firm's full suite of solutions to new and existing clients. He is based in Chicago and reports to Vincent Hayes, head of Global Family Office.
Prior to joining BNY Mellon Wealth Management, Adam was at Fidelity Family Office Services for more than 13 years and most recently served as vice president. He oversaw the Midwest region and provided custody, brokerage, investment and reporting services to single family offices, wealthy families and their advisors. Adam previously held a variety of other senior roles at Private Client Resources, LLC, Banc of America Investments, Webster Financial Advisors, Wells Fargo and Morgan Stanley.
"Adam is a seasoned family office professional with more than 25 years of financial services experience," said Hayes. "His extensive experience and strong understanding of ultra-high-net-worth and family office clients make him well suited to support the unique and varied investment needs of our Family Office clients and strengthen the delivery of our Active Wealth framework."
Adam earned a Bachelor of Arts from Ohio Wesleyan University. He also holds Series 63 and Series 7 licenses. Adam is an active member of his community and serves on the board of trustees for Associated Colleges of Illinois and the advisory board for Invest for Kids, which supports not-for-profit organizations that serve disadvantaged communities in Chicago.
Drawing on our breadth and depth of institutional capabilities, innovative technology and 50 years of family office expertise, BNY Mellon Global Family Office helps our clients meet the complex needs of the multi-generational families they serve. Our world-class investment management and custody solutions, sophisticated estate planning and fiduciary support, customized wealth planning and top-tier private banking have advanced the family office industry across geographies and generations. The firm works with over 300+ family office clients with an average relationship tenure of 15 years. For more information, visit https://www.bnymellonwealth.com/global-family-office.jsp.
For more than two centuries, BNY Mellon Wealth Management has provided services to financially successful individuals and families, their family offices and business enterprises, planned giving programs, and endowments and foundations. It has $264 billion in total client assets as of June 30, 2022, and an extensive network of offices in the U.S. and internationally. BNY Mellon Wealth Management, which delivers leading wealth advice across investments, banking, custody, and wealth and estate planning, conducts business through various operating subsidiaries of The Bank of New York Mellon Corporation. A line of business within Wealth Management, BNY Mellon Investor Solutions includes the firm's institutional multi-asset solutions business. For more information, visit www.bnymellonwealth.com or follow us on Twitter @BNYMellonWealth.
Media Contact:
Ben Tanner
212-635-8676
Ben.Tanner@bnymellon.com
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SOURCE BNY Mellon Wealth Management | https://www.mysuncoast.com/prnewswire/2022/08/03/bny-mellon-wealth-management-names-adam-lieb-global-family-office-senior-client-strategist/ | 2022-08-03T13:09:54Z |
UK man in court over threat to ‘kill queen’ with crossbow
LONDON (AP) — A man who got into the grounds of Windsor Castle armed with a crossbow told police he wanted to “kill the queen,” prosecutors said during a court hearing Wednesday.
Jaswant Singh Chail, 20, is charged under the Treason Act with intending to “injure the person of Her Majesty Queen Elizabeth II, or to alarm her Majesty.” He has also been charged with threats to kill and possession of an offensive weapon.
Chail was arrested at the royal residence west of London on Christmas Day 2021, when the queen was staying there.
Prosecutors allege the former supermarket worker from Southampton in southern England was wearing a hood and a mask and carrying a loaded crossbow with the safety catch off.
They say he told a police officer “I am here to kill the Queen,” before he was handcuffed and arrested.
Prosecutor Kathryn Selby said the Supersonic X-Bow weapon allegedly carried by Chail had the potential to cause “serious or fatal injuries.”
Prosecution lawyers maintain Chail wanted revenge on the British establishment for its treatment of Indians and sent a video to about 20 people claiming he was going to assassinate the queen.
To get close to the royal family, he had tried to join the British Army and the Ministry of Defense Police, prosecutors allege.
Chail appeared remotely for Wednesday’s hearing at London’s Westminster Magistrates’ Court from Broadmoor, a high-security psychiatric hospital.
He was not asked to enter a plea, and was ordered detained until his next court appearance on Sept. 14.
The allegations against him are not being treated as a “terrorism offense,” Selby said.
Charges under the Treason Act of 1842 are rare. In 1981, Marcus Sarjeant was charged under the act after firing blank shots at the queen as she rode on horseback in the Trooping the Color parade in London. He pleaded guilty and was sentenced to five years in prison.
The last person to be convicted under the separate and more serious Treason Act of 1351 was William Joyce, a World War II Nazi propaganda broadcaster known as Lord Haw-Haw. He was hanged for high treason in 1946.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/08/17/uk-man-court-over-threat-kill-queen-with-crossbow/ | 2022-08-17T14:34:31Z |
24 hours in an America where Roe v. Wade barely hangs on
By Julia Jones and Kyung Lah, CNN
Dr. Sarah Traxler’s “Sioux Falls day” starts early. On this day, as it has been twice a month for the last seven years, Traxler is the only abortion doctor in South Dakota.
By 6:30 a.m., she’s at the airport in Minneapolis, headed to Sioux Falls. And by the day’s end, she’ll return.
She makes this trek because no doctor in the state is willing or able to perform the procedure. “If there’s nobody else willing to do it, this is what we feel like we need to do in order to give patients access to that care,” she says.
This is the reality of abortion access in one of the most restrictive states in the United States, even as Roe v. Wade remains the law of the land. The 1973 court decision ruled abortions were constitutionally protected up until about 23 weeks, when a fetus could be able to live outside the womb.
But the draft Supreme Court opinion leaked this month suggests even this limited access will end almost immediately in half of the country when the justices issue the expected official decision this summer. Twenty-six states have laws indicating they intend to ban abortions if Roe is overturned or significantly weakened, according to the Guttmacher Institute, and 13 states, including South Dakota, have “trigger laws” to ban abortion as soon as Roe is no longer in effect.
Roe is already barely holding on in states like South Dakota, Traxler says. If the law is reversed, the Supreme Court would be handing down an “unjust” verdict for women there, she says.
“It’s heartbreaking that this is not going to be available to them anymore. I don’t think that abortion access, healthcare and bodily autonomy should be up for debate,” she says.
But on this day, the decision is still just a draft, and Traxler has work to do in Sioux Falls.
The flight is less than an hour. A man in a black suit greets Traxler at the arrivals gate: her security detail. Charged with taking her to the clinic safely, he drives new routes each time to avoid being tracked down by anti-abortion militants and to skirt potential violent attacks.
Eleven patients await Traxler at the Planned Parenthood clinic. “They come from all walks of life,” says Traxler. They are women who are already mothers; who are pregnant for the first time; who are of varying ages.
This will be the first of two state-mandated visits for each of them.
At their first appointment, women are required to undergo an ultrasound, be read government-mandated information that providers say is medically incorrect and be offered alternative options to abortion. Each patient’s file then receives a time stamp.
Seventy-two hours after that stamp, and not a minute earlier, Traxler can perform the procedure or administer the pills.
Around 10 a.m., Traxler, keenly aware of the ticking clock, walks briskly into the clinic and throws on her scrubs. “We want to get them seen, get their ultrasounds, get their education in, so that we can time stamp their visit,” she says.
The two-visits rule is a cumbersome hurdle, Traxler says. But following those rules allows this sole clinic in the state to provide safe, legal access to abortions.
Watering down Roe
South Dakota hospital restrictions make it virtually impossible for local physicians to prescribe abortion pills or perform any abortion procedures and maintain their admitting privileges.
“(Local doctors) either won’t because it’s against their beliefs or they don’t feel safe doing it because of the atmosphere and the climate in South Dakota,” says Planned Parenthood center manager Misty, who asked to be identified only by her first name out of concern for her safety.
And telemedicine appointments for medication abortion, which the Food and Drug Administration allowed to take place during the Covid-19 pandemic, are not permissible in South Dakota.
There are also strict rules on any clinic providing abortions, including obtaining an “abortion facility” license, according to South Dakota law. Other regulations “stipulate the size of procedure rooms (115 square feet) and recovery rooms (45 square feet) and dictate the types of flooring and lighting that may be used,” Planned Parenthood says.
The restrictions mean clinics and doctors simply cannot function in South Dakota, Misty says. It’s why all other abortion clinics in the state have shut down, leaving some patients to travel four or five hours each way to access a willing doctor, she adds. One patient traveled a total of 1,300 miles, round trip, according to Misty.
“We’re here, we’re functioning, we’re seeing patients, abortion patients. Our schedules fill weeks out. But that doesn’t mean that it’s accessible to everybody who needs it. Absolutely not,” Misty said.
A pledge from the governor
These limits on abortion are hailed by Gov. Kristi Noem, a first-term Republican who has pledged to make South Dakota the most anti-abortion state in the country.
South Dakota’s trigger law has been in place since 2005, and would immediately outlaw abortion except in extreme cases when the woman’s life is in jeopardy. But Noem has championed restrictions while she has been in office.
In March, Noem signed a bill that would require pregnant women to make at least three separate trips to a clinic to obtain abortion medication — though the law won’t take effect until a pending federal court case is decided.
Endorsed by former President Donald Trump for her reelection bid this year, Noem is widely expected to serve a second term.
When the draft of the Roe v. Wade decision was leaked, Noem tweeted she would “immediately call for a special session to save lives” if the law were overturned. And earlier, in her January State of the State address, Noem made clear that South Dakota is eager to act should Roe end, with state laws “ready to protect every unborn child in South Dakota.”
If the Supreme Court decision follows the leaked draft, Traxler’s Sioux Falls days will be done.
“If the decision comes tomorrow, we would not be able to complete their visit 72 hours later, we would have to call all of those patients and let them know that they can’t be seen and they need to go somewhere else,” she says.
Traxler’s efforts at that time would be to help South Dakota women travel to states that would still allow legal abortions through Planned Parenthood.
At 3 p.m. local time, Traxler’s day is winding down. She’s seen the last of her patients and has warned all of them about what the draft opinion means for their abortion.
The same security guard is waiting outside. Traxler changes out of her scrubs and grabs her tote bag to catch her flight back to Minnesota.
In 72 hours, she hopes she will make this journey again to see her patients, and for as long as the Supreme Court will let her.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/national-world/cnn-national/2022/05/19/24-hours-in-an-america-where-roe-v-wade-barely-hangs-on-2/ | 2022-05-20T02:37:44Z |
Biden administration cancels 3 offshore oil lease sales in Gulf Coast, Alaska
WASHINGTON (AP) — The Biden administration says it is canceling three oil and gas lease sales scheduled in the Gulf of Mexico and off the coast of Alaska, removing millions of acres from possible drilling as U.S. gas prices reach record highs.
The Interior Department announced the decision Wednesday night, citing a lack of industry interest in drilling off the Alaska coast and “conflicting court rulings” that have complicated drilling efforts in the Gulf of Mexico, where the bulk of U.S. offshore drilling takes place.
The decision likely means the Biden administration will not hold a lease sale for offshore drilling this year and comes as Interior appears set to let a mandatory five-year plan for offshore drilling expire next month.
“Unfortunately, this is becoming a pattern — the administration talks about the need for more supply and acts to restrict it,’’ said Frank Macchiarola, senior vice president of the American Petroleum Institute, the top lobbying group for the oil and gas industry.
“As geopolitical volatility and global energy prices continue to rise, we again urge the administration to end the uncertainty and immediately act on a new five-year program for federal offshore leasing,’’ he said.
The lease cancellations come as gas prices have surged to a record $4.40 a gallon amid the war in Ukraine and other disruptions that have pushed prices $1.40 a gallon higher than a year ago. Consumer prices jumped 8.3% last month from a year ago, the government said Wednesday.
A federal appeals court in New Orleans, meanwhile, is considering a challenge to a moratorium on new federal leasing that Biden imposed soon after taking office in January 2021. Biden said the administration needed to consider the effect of new drilling on climate change and conduct proper environmental reviews.
Louisiana and 12 other states challenged Biden’s order, saying laws passed in response to the 1970s oil crisis require lease sales on federal lands and waters.
The Biden administration failed to “grapple with prior analyses” of the planned sales to give a valid reason for postponing or canceling them, Louisiana Deputy Solicitor General Joseph Scott St. John told a 5th U.S. Circuit Court of Appeals panel this week.
The three-judge panel did not indicate when they will rule.
Environmental groups hailed the latest lease cancellation, saying the administration needs to do more to curb greenhouse gas emissions from fossil fuels that are driving climate change.
“To save imperiled marine life and protect coastal communities and our climate from pollution, we need to end new leasing and phase out existing drilling,” said Kristen Monsell, oceans legal director at the Center for Biological Diversity, an environmental group.
Republicans denounced the decision as harmful to consumers and U.S. national security.
The Interior Department’s decision “approaches levels of irresponsibility and reckless stupidity never seen before,’’ said Rep. Garret Graves, R-La. “We are paying record prices for gasoline and to heat and cool our homes. Rather than using American energy sources to help solve the problem and lower prices, the Biden administration continues to carry out policies that only benefit Russia, China, Iran, Saudi Arabia, Venezuela and other apparent allies of this White House.’’
The state challenge to Biden’s leasing order has not yet gone to trial, but a federal judge blocked the order in a preliminary injunction last year, writing that since federal law does not state the president can suspend oil lease sales, only Congress can do so.
After U.S. District Judge Terry Doughty ruled for the states, the Interior Department held an offshore lease sale last fall, which a federal judge in Washington, D.C. later blocked.
The administration has appealed Doughty’s ruling, but has scheduled onshore lease sales next month in eight mostly Western states. However, the administration scaled back the amount of land offered for drilling and raised royalty rates by 50%.
Biden has come under pressure to increase U.S. crude production as fuel prices spike because of the coronavirus pandemic and the war in Ukraine. The United States and other nations have banned imports of Russian oil, driving up prices worldwide.
Biden also faces pressure from Democrats and environmental groups urging him to do more to combat climate change, even as his legislative proposals on climate and clean energy remain stalled in a sharply divided Congress.
Interior cannot conduct new offshore oil and gas lease sales until it has completed a required five-year plan. The current plan expires June 30, and administration officials have not said when or if a replacement will be released.
Interior Secretary Deb Haaland said last month that the oil and gas industry is “set” with the amount of drilling permits at its disposal. She defended Biden administration actions to scale down federal leasing, saying that industry has about 9,000 permits that have been approved but are not being used.
“The industry is free to use these permits in a way they see fit. They just haven’t acted on those,” Haaland told a House committee last week.
Oil companies have been reluctant to ramp up production, saying there are not enough workers, scant money for new drilling investments and wariness that today’s high prices won’t last.
Democrats accuse the industry of “price gouging” and have vowed to bring legislation cracking down on price manipulation to votes in the House and Senate.
___
Associated Press writer Janet McConnaughey in New Orleans contributed to this report.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/05/12/biden-administration-cancels-3-offshore-oil-lease-sales-gulf-coast-alaska/ | 2022-05-12T17:24:31Z |
PITTSBURGH, June 27, 2022 /PRNewswire/ -- "We thought there should be a way to consume a meal or beverage without removing your face mask," said one of two inventors, from Lancaster, Calif., "so we invented the COVID 19 MASK. Our design provides added protection and it could help to prevent lost or forgotten masks."
The invention provides an improved design for a protective face mask. In doing so, it enables the wearer to enjoy beverages or a meal. As a result, it eliminates the need to remove the mask and it could help to reduce the spread of germs and viruses. The invention features a protective design that is easy to wear and use so it is ideal for the general population. Additionally, it is producible in design variations.
The original design was submitted to the Los Angeles sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-LAX-1412, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com.
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SOURCE InventHelp | https://www.kxii.com/prnewswire/2022/06/27/inventhelp-inventor-develops-modified-mask-eating-amp-drinking-lax-1412/ | 2022-06-27T19:10:28Z |
BREDA, The Netherlands, April 13, 2022 /PRNewswire/ - BNP Paribas Leasing Solutions, a European leader in equipment financing that managed more than €35.7 billion worth of assets in 2021, has selected Ritchie Bros. Asset Solutions and its suite of remarketing tools to optimize its asset valuation and management workflows.
"It is key for us to be able to estimate the value of the equipment we finance so we can include accurate residual values in our contracts and offer more attractive solutions to our customers," said Pierre Pavec, Asset Management and Circular Economy Manager at BNP Paribas Leasing Solutions. "With Ritchie Bros. Asset Solutions' asset valuation curves, finance calculator, and Mascus' row listings data, we're able to refine our estimation models on all the equipment we finance and set up financing programs that meet the needs of our clients and partners."
Ritchie Bros. Asset Solutions technology enables banks, leasing companies and other industrial equipment owners to streamline their asset tracking, valuation, and disposition workflows. Users get access to a comprehensive database with millions of commercial asset transactions, allowing them to make data-driven decisions on instalment rates, risk exposure, and more. Ritchie Bros. Asset Solutions' valuation services help finance companies monitor and meet the Basel risk and regulatory requirements.
Asset disposition workflows are built into the software so users can easily push their assets to a selling channel of choice, including unreserved auctions, a reserved online marketplace, and a leading ad listing website. Other services can also be arranged from the platform, including repossession and logistics, intake inspections, refurbishing, advice on repossessed and end-of-lease assets, and more.
"We're very excited to have BNP Paribas Leasing Solutions on board, the world's largest vendor lease supplier," said Tim Scholte, VP and General Manager of Mascus and Ritchie Bros. Asset Solutions. "It's a big step forward for the Ritchie Bros. Asset Solutions platform that we're continuously developing and we're looking forward to working with the BNP Paribas Leasing Solutions team to help them optimize their asset valuation."
BNP Paribas Leasing Solutions started using the Ritchie Bros. Asset Solutions platform on April 1, 2022. Learn more about BNP Paribas Leasing Solutions at leasingsolutions.bnpparibas.com and about Ritchie Bros. Asset Solutions at rbassetsolutions.com.
Ritchie Bros. Asset Solutions is a web-based, mobile-friendly software tool that empowers equipment owners to track their assets with real-time market valuations, inspection and appraisal services, and sending equipment and truck inventory to multiple disposition channels with a simple click. The solution brings together a customizable suite of tools and services to help companies better manage, analyze, and sell assets. This includes an inventory management system, allowing dealers to easily list equipment for sale on their own centralized used equipment web shop, as well as local ones; an inspection app; and multilingual marketing tools.
As the European leader in asset finance, BNP Paribas Leasing Solutions supports the growth of its clients and industrial partners by offering rental and finance solutions with services for their professional equipment. At the heart of the usage economy, we provide businesses with the flexibility they need to remain competitive and grow in a sustainable way. Our 3,700 experts support our clients' and partners' growth by offering them an increasingly digitalised experience. In 2021, we financed 343,000 projects for a total volume of 14.7 billion euros in 20 countries, in Europe and also Asia, the United States and Canada.
Established in 1958, Ritchie Bros. (NYSE and TSX: RBA) is a global asset management and disposition company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks and other assets. Operating in a number of sectors, including construction, transportation, agriculture, energy, mining, and forestry, the company's selling channels include: Ritchie Bros. Auctioneers, the world's largest industrial auctioneer offering live auction events with online bidding; IronPlanet, an online marketplace with weekly featured auctions and providing the exclusive IronClad Assurance® equipment condition certification; Marketplace-E, a controlled marketplace offering multiple price and timing options; Ritchie List, a self-serve listing service for North America; Mascus, a leading European online equipment listing service; Ritchie Bros. Private Treaty, offering privately negotiated sales; and sector-specific solutions GovPlanet, TruckPlanet, and Kruse Energy. The Company's suite of solutions also includes Ritchie Bros. Asset Solutions and Rouse Services LLC, which together provides a complete end-to-end asset management, data-driven intelligence and performance benchmarking system; SmartEquip, an innovative technology platform that supports customers' management of the equipment lifecycle and integrates parts procurement with both OEMs and dealers; plus equipment financing and leasing through Ritchie Bros. Financial Services. For more information about Ritchie Bros., visit RitchieBros.com.
Photos and video for embedding in media stories are available at rbauction.com/media.
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SOURCE Ritchie Bros. | https://www.kxii.com/prnewswire/2022/04/13/bnp-paribas-leasing-solutions-partners-with-ritchie-bros-asset-solutions-optimize-its-international-asset-valuation-strategy/ | 2022-04-13T18:32:37Z |
CHICAGO, Aug. 30, 2022 /PRNewswire/ -- The Pulmonary Fibrosis Foundation (PFF) will showcase how the pulmonary fibrosis (PF) community stands together in the fight against the life-threatening lung disease during Pulmonary Fibrosis Awareness Month in September.
"We will shine the spotlight on PF by sharing important facts about the disease and personal stories from individuals who are impacted by it, "said William T. Schmidt, president and CEO of the PFF. "We want everyone in the community to get involved, come to our events and spread the word."
More than 250,000 Americans are living with PF, which causes progressive scarring in the lungs. More than 50,000 new cases are diagnosed annually in the U.S.
The PFF Walk 2022 to raise awareness and funds for research and support of those living with PF is set for the following dates in September —
- Sept. 10 – Diversey Harbor, Chicago
- Sept. 17 – Crissy Field, Bay Area
- Sept. 24 – National Walk Day, Virtually
The PFF Walk features two course options – 5K and one mile – and family-friendly activities, refreshments, educational materials about PF and more. Registration is free and those who raise $100 or more will receive a commemorative PFF Walk t-shirt.
The second annual ILD Day on Wednesday, Sept. 14, aims to elevate awareness of interstitial lung disease (ILD), of which there are 200 different causes. ILD is characterized by inflammation and/or scarring in the lungs, making it difficult to breathe and get oxygen into the blood stream.
As part of ILD Day, an educational webinar hosted by internationally recognized ILD expert, Dr. Anna Podolanczuk, will be held at 12 p.m. CDT on Sept. 14. The presentation will focus on "Progressive Pulmonary Fibrosis: What Patients Need to Know," and will provide information to help patients better understand the disease and its progression. Webinar registration is available here.
Beginning September 1, the PFF will post content every day on its social media channels with the handle @pfforg on Facebook, Twitter, Instagram, and YouTube, using the hashtags #PFMonth and #BlueUp4PF. Each day, a fact about PF will be posted at 11 a.m. CDT and a story will be posted at 1 p.m. CDT.
The #BlueUp4PF campaign recognizes the effect of the lack of oxygen in the bloodstream. Inadequate oxygen levels, which can be caused by PF, may result in the fingernails or lips turning a bluish color. #BlueUp4PF encourages people to wear blue, take a selfie, and post it on social media with the reason they are going blue for PF Awareness Month.
In addition, more than 100 iconic buildings, monuments and bridges will shine blue with hope for the PF community throughout September. The list of sites and the dates they will be illuminated during PF Awareness Month is available here.
The mission of the Pulmonary Fibrosis Foundation is to accelerate the development of new treatments and ultimately a cure for pulmonary fibrosis. Until this goal is achieved, the PFF is committed to advancing improved care of patients with PF and providing unequaled support and education resources for patients, caregivers, family members, and health care providers. The PFF has a three-star rating from Charity Navigator and is an accredited charity by the Better Business Bureau (BBB) Wise Giving Alliance. The Foundation has met all of the requirements of the National Health Council Standards of Excellence Certification Program® and has earned the Guidestar Platinum Seal of Transparency. For more information, visit pulmonaryfibrosis.org or call 844.TalkPFF (844.825.5733).
Contact: Dorothy Coyle
773-332-6201
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SOURCE The Pulmonary Fibrosis Foundation | https://www.kxii.com/prnewswire/2022/08/30/pulmonary-fibrosis-awareness-month-features-walks-education-events/ | 2022-08-30T17:55:13Z |
The expanded global strategic partnership offers new DocuSign Agreement Cloud integrations and capabilities across Microsoft's business solutions.
SAN FRANCISCO, June 7, 2022 /PRNewswire/ -- DocuSign (NASDAQ: DOCU) today announced an expansion of its global strategic partnership with Microsoft to accelerate how people collaborate and come to agreement in the anywhere economy.
It has become increasingly evident that every company, from global enterprises to SMBs, need to fully digitally transform to stay competitive and relevant. To help achieve this transformation, DocuSign and Microsoft are providing new integrations and capabilities that enhance their joint customers' ability to prepare, sign and manage agreements in the cloud, from practically anywhere.
"Microsoft is critical to our vision of streamlining the agreement process for our customers, wherever they get work done. With so much of the world getting work done in Microsoft's applications and cloud services, we are thrilled to be deepening our relationship with Microsoft to jointly deliver on the promise of the anywhere economy," said Dan Springer, CEO, DocuSign.
"Our collaboration with DocuSign enhances our ability to help our customers bring the agreement processes directly into the flow of work," said Judson Althoff, EVP & Chief Commercial Officer, Microsoft. "Together we will reduce the complexity of collaborating on agreements, drive efficiency and productivity, and make anywhere work more possible."
This strategic partnership helps joint customers further achieve 'anywhere' collaboration and builds on Microsoft's relationship as a DocuSign customer and partner. It also deepens existing integrations across Microsoft 365, Dynamics 365, and Power Platform applications to further automate contract processes.
Innovations include:
- DocuSign eSignature for Microsoft Teams: Today, this integration allows employees to get real-time notifications on agreements out for signature directly in Teams, enabling a more efficient and connected experience. Moving forward, Microsoft and DocuSign will work to deepen this integration to deliver additional end-user scenarios, including live signing in a Teams meeting.
- DocuSign eSignature for Microsoft 365: The existing solution enables organizations to securely send, sign, and track documents directly from SharePoint, Outlook and Word. Later this year, DocuSign plans to release an improved user interface, built-in dashboards, and automatic synchronization of data between SharePoint and eSignature envelopes.
- DocuSign CLM for Microsoft Word: This plugin allows users to access a legal clause library and an AI-powered risk scorecard from within Word. Later this year, interoperability of Word and CLM comments will be added to align the negotiation process between the two systems.
- DocuSign eSignature for Power Platform: Today, the solutions allow organizations to build automated signature workflows using the Microsoft Power Platform, including pre-built templates in Power Automate.
- DocuSign eSignature for Microsoft Dynamics 365: This integration helps sales teams close deals faster and provides sales leaders greater visibility into signing-process status. User-interface enhancements to further increase sales rep productivity are also being developed.
This agreement reinforces DocuSign Agreement Cloud as a Preferred Solution on Microsoft AppSource, representing a commitment to quality, performance and the ability to meet the needs of mutual customers.
As part of the agreement, Microsoft and DocuSign will also expand the use of each other's products within their own organizations. Microsoft will adopt DocuSign's products and services, including DocuSign eSignature and CLM, to streamline select e-signature and contract management workflows. DocuSign is planning to implement Power Platform to automate a wide variety of business processes such as payroll processing, payables management and employee experience, and will expand its use of Microsoft Azure beyond Canada and Australia into other geographies.
Any unreleased services or features referenced in this or other press releases or public statements are not currently available and may not be delivered on time or at all. Customers who purchase DocuSign solutions should make their purchase decisions based upon features that are currently available. For more information on DocuSign, visit www.docusign.com.
Media Relations
Megan Gregorio
Corporate Communications
media@docusign.com
Investor Relations
investors@docusign.com
About DocuSign
DocuSign helps organizations connect and automate how they prepare, sign, act on, and manage agreements. As part of the DocuSign Agreement Cloud, DocuSign offers eSignature, the world's #1 way to sign electronically on practically any device, from almost anywhere, at any time. Today, over a million customers and more than a billion users in over 180 countries use the DocuSign Agreement Cloud to accelerate the process of doing business and to simplify people's lives.
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SOURCE DocuSign, Inc. | https://www.mysuncoast.com/prnewswire/2022/06/07/docusign-microsoft-deepen-relationship-accelerate-anywhere-work/ | 2022-06-07T20:51:19Z |
NuggMD's video telehealth platform connects state-licensed medical marijuana doctors to their patients for affordable, safe online evaluations.
MORGANTOWN, W.Va., Aug. 18, 2022 /PRNewswire/ -- NuggMD, the nation's leading medical marijuana telemedicine platform, is launching its service in West Virginia for just $139. Since its founding in 2015, NuggMD has connected over 1,000,000 patients to their medical marijuana physicians in California, Connecticut, Illinois, Iowa, Maine, Maryland, Massachusetts, Michigan, Missouri, Montana, Nevada, New Jersey, New York, Ohio, Oklahoma, Pennsylvania, Texas, and Virginia. West Virginia now marks the 19th state NuggMD services, providing coverage to 58% of Americans.
While the market is still in its infancy in West Virginia, the Tax Foundation estimates that once mature, it will generate over $38 million in excise taxes. To date, the Office of Medical Cannabis shows 26 active dispensary locations in the state owned by 12 companies. All of these dispensaries are listed as fully operational with product available to sell, although patients are advised to call ahead to confirm availability.
In addition to the state's 26 operational dispensaries, there are
- nine operational growers,
- five operational processors, and
- just over 100 registered physicians.
As of August 4, 2022, the state has received 12,708 patient applications and approved 11,164. This averages to roughly 430 patients per dispensary and 1,240 patients per grower.
Since sales began, dispensaries report $9,018,768 in total sales and 1,134 pounds of medical cannabis sold.
"Medical marijuana has been legal in West Virginia for five years," says Kam Babazade, COO and Co-founder of NuggMD. "Still, the market is completely new. The first dispensary in the state, Trulieve, only opened last November and hasn't even experienced a full year of sales yet. This market has nowhere to go but up."
"It's so exciting to see cannabis take off in states that strongly opposed medical cannabis just a decade ago," said Collin Mann, CEO and NuggMD Co-founder. "This is life-changing for patients here. Before medical cannabis was legalized, patients still faced mandatory minimum sentences for tiny marijuana possession convictions."
"That's a good point," says Alex Milligan, CMO and NuggMD Co-founder. "If a person possesses less than 15 grams of cannabis without a state-issued medical marijuana card, prosecutors are required to dispose of the first offense, but after that, it's mandatory jail time if convicted. That's barbaric. We still have a long way to go with marijuana reform, and we're excited to continue helping more patients access a safer alternative to pharmaceuticals.."
Meanwhile, activists aren't waiting for statewide decriminalization. A pair of local decriminalization initiatives may reach the ballot in November, depending on whether the proponents can gather enough signatures by the deadline.
West Virginia's qualifying conditions for medical cannabis include severe chronic or intractable pain, cancer, MS, PTSD, and seizures. Prospective patients are encouraged to visit NuggMD.com/West-Virginia to see if they qualify today.
NuggMD's platform is available from 8 am till 10 pm seven days a week. No appointment is needed, and patients who don't qualify for West Virginia's medical cannabis program won't be charged for their evaluation.
About NuggMD:
NuggMD is the nation's leading medical marijuana technology platform, serving patients in California, Connecticut, Illinois, Iowa, Maine, Maryland, Massachusetts, Michigan, Missouri, Montana, Nevada, New Jersey, New York, Ohio, Oklahoma, Pennsylvania, Texas, and Virginia. They've connected over 1,000,000 patients face-to-face with their new medical marijuana doctors via their state-of-the-art telemedicine platform. They believe every human being has the right to explore the benefits of medical cannabis and are fully committed to helping each patient explore every option in their journey to wellness. For further information, visit NuggMD.com/West-Virginia.
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SOURCE NuggMD | https://www.wibw.com/prnewswire/2022/08/18/nuggmd-now-offers-marijuana-telemedicine-service-200m-americans-with-west-virginia-expansion/ | 2022-08-18T15:42:15Z |
- Data presentations by Marjan Farid, M.D. and Preeya K. Gupta, M.D. highlight Phase 2b trial results on the safety and efficacy of CSF-1 for the treatment of presbyopia
HERZLIYA, Israel, April 12, 2022 /PRNewswire/ -- Orasis Pharmaceuticals, an emerging ophthalmic pharmaceutical company focused on developing a unique eye drop to improve near vision for people with presbyopia, today announced that it will present new data on its novel eye drop candidate, CSF-1, at the 2022 American Society for Cataract and Refractive Surgery (ASCRS) Annual Meeting being held April 22-26 in Washington, D.C.
"We look forward to these presentations by leading global ophthalmologists during the 2022 ASCRS Annual Meeting, which will provide insights into the efficacy, safety, and comfort of CSF-1 and its potential as a treatment option for presbyopia," said Elad Kedar, Chief Executive Officer of Orasis Pharmaceuticals. "These new data underscore Orasis' commitment to reshaping vision possibilities for millions of people living with this age-related condition in the U.S., and even more across the globe."
Researchers will present data from the Phase 2b clinical trial, a multicenter, double-masked, parallel group study, which evaluated the efficacy, safety, and comfort of CSF-1 ophthalmic solution as a potential novel treatment for presbyopia. Data presented will also include a post hoc analysis, which assessed sustained improvement in functional near vision (20/40 or better) with CSF-1 versus vehicle in one or both eyes.
Details about Orasis Pharmaceuticals' ASCRS Paper Sessions presentations are as follows:
Phase 2b Clinical Trial to Evaluate the Safety and Efficacy of CSF-1 for the Treatment of Presbyopia
Session: SPS-316 Presbyopia Correction: New Treatments and Studies
Presentation Date/Times: Monday, April 25, 2022, from 4:35 - 4:40 p.m. ET
Location: WEWCC - Level 1, 143C
Presenter: Marjan Farid, MD, ABO
CSF-1 Demonstrates Sustained Improvement in Binocular Functional Near Vision in Participants with Presbyopia
Session: SPS-316 Presbyopia Correction: New Treatments and Studies
Presentation Date/Times: Monday, April 25, 2022, from 4:40 - 4:45 p.m. ET
Location: WEWCC - Level 1, 143C
Presenter: Preeya K. Gupta, MD
*ASCRS Disclaimer: All educational content of the ASCRS Annual Meeting is planned by its program committee, and ASCRS does not endorse, promote, approve, or recommend the use of any products, devices, or services.
CSF-1 is a novel corrective eye drop candidate being investigated for the treatment of presbyopia. CSF-1 is a proprietary, preservative-free formulation of low-dose pilocarpine and multi-faceted vehicle designed to achieve an optimal balance between efficacy, safety and comfort. CSF-1 is designed to improve near visual acuity by pupil modulation, resulting in a "pinhole effect" and an increase in the depth of field, thus increasing the ability to focus on near objects.
Presbyopia is the loss of ability to focus on near objects as a result of the natural aging process. It occurs mostly after the age of 40 when the crystalline lens of the eye gradually stiffens and loses flexibility. There are almost two billion people globally and more than 120 million people in the U.S. living with presbyopia. People with presbyopia experience blurred vision when performing daily tasks that require near visual acuity, such as reading a book, a restaurant menu, or messages on a smartphone. Presbyopia cannot be prevented or reversed, and it continues to progress gradually. Many existing treatment options can be either cumbersome or invasive, presenting a significant unmet need for quality-of-life improvement for people with presbyopia.
Orasis Pharmaceuticals is developing CSF-1, a corrective eye drop for the treatment of presbyopia as an alternative to reading glasses. By repurposing existing and well-studied molecules, CSF-1 is designed to be effective, safe, comfortable, and easy-to-use. Orasis is led by a collaborative team of industry executives and eye care specialists with a broad range of experiences in research, development, and commercialization of pharmaceutical drugs, as well as finance and business development. Orasis is funded by a diverse group of sophisticated and experienced life science and healthcare investors including the ophthalmology focused venture capital fund Visionary Ventures, Sequoia Capital, SBI (Japan) Innovation Fund, Bluestem Capital, LifeSci Venture Partners, Maverick Ventures Israel, and other private investors. Orasis has offices in the U.S. and Israel. For more information, visit www.orasis-pharma.com and connect with us on LinkedIn: LinkedIn.
Amy Phillips
aphillips@greenroompr.com
412-327-9499
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SOURCE Orasis Pharmaceuticals | https://www.kxii.com/prnewswire/2022/04/12/orasis-pharmaceuticals-present-new-data-novel-presbyopia-candidate-2022-american-society-cataract-refractive-surgery-ascrs-annual-meeting/ | 2022-04-12T12:09:37Z |
Which Maytag dishwasher is best?
The kitchen is the busiest room in most homes. It’s the place we cook, of course, but we also like to eat and socialize there. And when we’re done with cooking and eating, we need to clean up.
In modern kitchens, an automatic dishwasher is an essential, and trusted brand Maytag has been making reliable dishwashers since 1960. If you’re considering a Maytag dishwasher for your home, the Maytag 24-Inch Top Control Stainless Steel Dishwasher is an excellent choice. It has a third rack with a special wash zone that has more loading space and cleaning power.
What to know before you buy a Maytag dishwasher
Built-ins
Built-ins are the type of dishwasher most people have in their kitchens. They fit snugly between cabinets and under the counter. All Maytag built-in dishwashers are made to be compatible with standard cabinet heights and widths. The standard dishwasher is 24 inches wide and 34 inches tall.
Front control vs. top control
Maytag dishwashers feature either a front-control or a top-control panel.
- Front-control dishwashers have buttons and/or touch controls high up on the front of the dishwasher door. This gives you the quickest access to the controls and lets you operate them without having to open the door first.
- Top-control dishwashers have their controls mounted on the upper surface inside the door. This hides the controls and gives you a sleek, unbroken exterior that looks good and is easier to clean.
Quiet operation
Dishwashers are the noisiest appliances in the kitchen. They’re noisy because they are spraying water under high pressure against dishes, glassware, flatware, utensils, pots and pans. Noise levels the human ear can hear are measured in A-weighted decibels, which are written as dBA. To be considered only moderately noisy, a dishwasher must have a dBA rating of 60 or less; under 45 dBA is considered to be fairly quiet. Most Maytag dishwashers fall in the 47-50-dBA range.
What to look for in a quality Maytag dishwasher
Filtration
Powerful and effective, Maytag dishwashers blast leftover liquids and foods off the surfaces of everything you put inside. The loose debris is collected and filtered as the water is continually recycled. The more particles that are removed, the cleaner the water that is washing your dishes.
Racks
Most Maytag dishwashers come with two racks, but some offer a shallow third rack that holds loose utensils. Racks are made in many configurations, but most are made to hold dinnerware and cookware so they get the best wash possible. Some Maytag dishwashers have a higher-than-average space for the upper rack, so you can fit extra pots and pans with each load.
Extras
Maytag dishwashers offer these extra features:
- The PowerBlast cycle uses high-pressure jets and superheated steam to clean off any caked-on liquids and solids.
- The Heated Dry function circulates hot air to reduce your drying time.
- The Leak Detect system alerts you if there’s an issue and automatically drains the tub.
How to load a dishwasher
The best way to wash cookware and dinnerware is to organize it so you get the maximum cleaning coverage and cleaner results. The worst thing you can do is overcrowd it.
- Load the bottom rack first: Place large items facing the center of the tub and at an angle. Place the biggest pieces near the back wall of the tub.
- Load the top rack next: Here is the place for cups, bowls and all dishwasher-safe plastics. Stand things at an angle so they drain properly and leave enough space so nothing overlaps.
- Load the shallow third rack last: If you have a third rack, this is where your cutlery goes. Otherwise, utensils go in a basket in the bottom rack.
How much you can expect to spend on a Maytag dishwasher
Maytag dishwashers typically cost $600-$1,000, depending upon their finish and features.
Maytag dishwasher FAQ
What is a panel-ready dishwasher?
A. All built-in dishwashers show only one side, the door that sits flush with your cabinet doors and drawers. Panel-ready dishwashers are built to accommodate fitting a thin metal panel that complements your surrounding cabinetry.
Why can’t I put cups and glasses on the bottom rack?
A. Items in the bottom rack get direct spray and a harsher wash than things in the upper racks. The bottom rack is not designed to hold cups and glasses in the proper position either.
What’s the best Maytag dishwasher to buy?
Top Maytag dishwasher
Maytag 24-Inch Top Control Stainless Steel Dishwasher
What you need to know: Its third-level rack with a special wash zone has more loading space and cleaning power, and its noise rating is a quiet 47 dBA.
What you’ll love: Its utensil basket is made of stainless steel to stand up to serving spoons, ladles, tongs and more. The upper rack glides on premium ball bearings and the steam-sanitize option removes most bacteria with a high-temperature rinse. Set the four-hour delay, choose long or short heated dry and walk away.
What you should consider: Some people say the dryer doesn’t get every dish completely dry.
Where to buy: Sold by Home Depot
Top Maytag dishwasher for the money
Maytag 24-Inch Front Control Built-In Dishwasher
What you need to know: This dishwasher blasts away stubborn food with hot steam and filters even the smallest particles for really clean dishes.
What you’ll love: Its controls need only a tap to activate. Increased rack heights mean you can wash with one load instead of two. If you spring a leak, the detection system senses the problem, drains the tub and alerts you. Dual power filtration filters out and disintegrates food, and the heater function dries dishes quickly. The noise level is 50 dBA.
What you should consider: This dishwasher doesn’t work well with powdered detergents.
Where to buy: Sold by Home Depot
Worth checking out
Maytag 24-Inch Fingerprint-Resistant Stainless Steel Front Control Tall Tub Dishwasher
What you need to know: Skip scrubbing, soaking and pre-rinsing with dual power filtration.
What you’ll love: This dishwasher uses higher water temperatures, high-pressure jets and hot steam to clear food off your dinnerware and cookware. A power blast cycle disintegrates dried-on egg yolk, peanut butter, oatmeal and more. The full tub is built of stainless steel for years of service, and the noise level is only 50 dBA.
What you should consider: Some people say the height adjustment is difficult to set properly.
Where to buy: Sold by Home Depot
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/best-maytag-dishwasher/ | 2022-06-23T00:15:34Z |
NEW YORK, July 13, 2022 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Yext, Inc. ("Yext" or the "Company") (NYSE: YEXT) and certain of its former officers. The class action, filed in the United States District Court for the Southern District of New York, and docketed under 22-cv-05127, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Yext securities between March 4, 2021 and March 8, 2022, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
If you are a shareholder who purchased or otherwise acquired Yext securities during the Class Period, you have until August 16, 2022 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
Yext organizes a business's facts to provide answers to consumer questions online. The Company operates Yext platform, a cloud-based platform that allows its customers to, among other things, provide answers to consumer questions, control facts about their businesses and the content of their landing pages, and manage their consumer reviews. Yext's website describes its service as "a modern, AI-powered Answers Platform that understands natural language so that when people ask questions about a business online they get direct answers—not links."
As COVID-19 resurged throughout 2021, Yext consistently assured investors that pandemic-related impacts on the Company's business were limited as the Company adapted to lockdowns and improved efficiencies in its sales and other operations.
The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Yext's revenue and earnings were significantly deteriorating because of, inter alia, poor sales execution and performance, as well as COVID-19 related disruptions; (ii) accordingly, Yext was unlikely to meet consensus estimates for its full year ("FY") fiscal 2022 financial results and fiscal 2023 outlook; and (iii) as a result, the Company's public statements were materially false and misleading at all relevant times.
On March 8, 2022, Yext issued a press release announcing its fourth quarter ("Q4") and FY fiscal 2022 results. Among other items, Yext reported Q4 fiscal 2022 revenue of $100.9 million, falling short of consensus estimates by $140,000; first quarter ("Q1") fiscal 2023 revenue outlook of $96.3 million to $97.3 million, versus consensus estimates of $103.79 million; Q1 fiscal 2023 non-GAAP net loss per share outlook of $0.08 to $0.07, versus consensus estimates of $0.05; FY fiscal 2023 revenue outlook of $403.3 million to $407.3 million, versus consensus estimates of $444.71 million; and FY fiscal 2023 non-GAAP net loss per share outlook of $0.19 to $0.17, versus consensus estimates of $0.09. The Company further disclosed the departure of its CEO and CFO.
That same day, on a conference call to discuss Yext's Q4 and FY fiscal 2022 results, the Company's incoming CEO, Michael Walrath ("Walrath"), addressed the Company's disappointing financial results, revealing, inter alia, that "we have seen fragmentation in our interactions with customers and our ability to deliver premium service and support" and that, "[i]n hindsight, it is clear we were too focused on building sales capacity and not focused enough on other functions that drive productivity, particularly sales enablement, training, client success and services." Walrath also disclosed that "we saw a really significant disruption in our business" such as "in Q4, 50% -- over 50% of our in-person events were canceled because of the Omicron surges[,]" while opining that Yext could "[a]bsolutely" improve its "sales motion so that it's more efficient during disruptions like that[.]"
Following that call, a Truist Securities analyst lowered the firm's rating on Yext to hold from buy and slashed its price target to $6 from $17, noting, among other things, that key performing indicators showed an "unexpected slowdown" in Q4, guidance for fiscal 2023 shows no near-term turn around, and that "planned changes under new management (in go-to-market strategy, sales organization) carry execution risks and the timing for a meaningful and sustainable revival in growth is unclear[.]"
Following these disclosures, Yext's stock price fell $0.55 per share, or 9.29%, to close at $5.37 per share on March 9, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP | https://www.wibw.com/prnewswire/2022/07/13/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-their-investment-yext-inc-class-action-lawsuit-upcoming-deadline-yext/ | 2022-07-13T23:14:12Z |
TOLLAND, Conn. (AP) — A Connecticut state trooper who is a native of Poland got quite the surprise while responding to an SUV with a flat tire Wednesday — a passenger in the vehicle happened to be former Polish President Lech Walesa.
State police said Trooper Lukasz Lipert arrived to the call in Tolland and was greeted by Walesa, who had spoken in Hartford on Tuesday as part of his U.S. tour advocating for aid for refugees who have fled Ukraine during the war with Russia.
Lipert, 35, who came to the U.S. when he was 18, told The Hartford Courant that he spoke with Walesa in Polish about their homeland and the anti-communist movement Walesa helped lead.
“It was definitely a great opportunity to meet the man who had a voice during those times,” Lipert said. “It was definitely a great experience.”
Walesa, 78, led the nationwide Solidarity movement in Poland in the 1980s that eventually toppled Poland’s communist leadersthrough an election in 1989. He received a Nobel Prize in 1983 and served as Poland’s first popularly elected president from 1990 to 1995. He is a strong critic of Poland’s current right-wing government.
A vehicle service worker changed the tire and Walesa continued on his way down I-84. One of his next stops is an event in Boston on Monday. | https://cw33.com/strange-news/ap-strange-news/by-chance-polish-cop-helps-lech-walesa-with-flat-tire-in-us/ | 2022-05-12T21:19:42Z |
NEW YORK, Aug. 5, 2022 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Molecular Partners AG (NASDAQ: MOLN).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/molecular-partners-ag-loss-submission-form/?id=30566&from=4
This lawsuit is on behalf of a class consisting of persons and entities that purchased or otherwise acquired: (a) Molecular Partners American Depositary Shares pursuant and/or traceable to certain documents issued in connection with the Company's initial public offering conducted on or about June 16, 2021; and/or (b) Molecular Partners securities between June 16, 2021, and April 26, 2022.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until September 12, 2022 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to a filed complaint, Molecular Partners AG issued materially false and/or misleading statements and/or failed to disclose that: (i) the Company's product, ensovibep, was less effective at treating COVID-19 than defendants had led investors to believe; that (ii) accordingly, the the U.S. Food and Drug Administration ("FDA") was reasonably likely to require an additional Phase 3 study of ensovibep before granting the drug Emergency Use Authorization ("EUA"); (iii) waning global rates of COVID-19 significantly reduced the Company's chances of securing EUA for ensovibep; (iv) another of the Company's product candidates, MP0310, was less attractive to Molecular Partners' collaborator, Amgen, than defendants had led investors to believe; (v) accordingly, there was a significant likelihood that Amgen would return to global rights of MP0310 to Molecular Partners; (vi) as a result of all the foregoing, the clinical and commercial prospects of ensovibep and MP0310 were overstated; and (vii) as a result, documents issues in connection with the Company's initial public offer and defendants' public statements throughout the class period were materially false and/or misleading and failed to state information required to be stated therein.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law | https://www.mysuncoast.com/prnewswire/2022/08/05/moln-shareholder-alert-jakubowitz-law-reminds-molecular-partners-shareholders-lead-plaintiff-deadline-september-12-2022/ | 2022-08-05T18:21:13Z |
NEW YORK, Aug. 19, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for VLCN, AGLE, STNE, PRTY, and FCEL.
To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link.
- VLCN: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=VLCN&prnumber=081920225
- AGLE: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=AGLE&prnumber=081920225
- STNE: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=STNE&prnumber=081920225
- PRTY: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=PRTY&prnumber=081920225
- FCEL: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=FCEL&prnumber=081920225
(Note: You may have to copy this link into your browser then press the [ENTER] key.)
InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street. We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.
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SOURCE InvestorsObserver | https://www.mysuncoast.com/prnewswire/2022/08/19/thinking-about-buying-stock-volcon-aeglea-bio-therapeutics-stoneco-party-city-or-fuelcell-energy/ | 2022-08-19T17:37:53Z |
Positive Service Verification and Asset Management Tools for Rear Load Refuse Collection Vehicles Help Fleet Owners Provide Automated Customer Service and Route Service Validation in Real-Time
DOWNERS GROVE, Ill., Aug. 31, 2022 /PRNewswire/ -- 3rd Eye, part of Environmental Solutions Group (ESG) and Dover (NYSE: DOV), today announced the expansion of their Verif-Eye® service verification and asset management module to include a version custom-tailored for Rear Load Refuse Collection Vehicles.
An industry first, this intelligent, patent-pending customer service technology passively collects complete Service Verification information, including bag/volume counts, time spent at each stop, documented exceptions in real-time and photos/video of the entire service – all without requiring manual action of the operator.
Rear Load refuse fleets have historically been the "blind spot" of solid-waste collection, with no available technology to automatically gather crucial data for each service stop on rear-load collection routes. For years, fleets have desired an accurate service validation solution that is not dependent on the operator taking a photo, pushing a button to confirm that service was performed or documenting issues encountered on the stop. Expanding the 3rd Eye® Verif-Eye Digital Tools is part of the overall Connected Collections® strategy, allowing operators to have an improved ability to stay focused on their route, while Connected Collections handles the rest.
"Refuse route service accuracy has always been a pain point for haulers, particularly those utilizing rear load collection vehicles," said Pat Carroll, President of Environmental Solutions Group. "Rear load crews simply do not have time to electronically document whether service was provided hundreds of times each day while remaining focused on safely operating their vehicle in congested residential neighborhoods or commercial properties. Verif-Eye removes this task from the operator, saving time and helping them operate the vehicle safely and efficiently."
Morgan Holl, VP, Digital Products & Business Development for ESG, said, "Rear load routes operate on thin margins and require maximum efficiency to remain profitable. Customer claims that garbage wasn't picked up, illegal dumping or excessive volume at a stop, overloaded containers and incorrect or off-book service are just a few examples of common challenges that can have a significant impact on a hauler's bottom line and relationships with their customers."
Holl continued, "Verif-Eye is the first solution that provides rear load fleets with a single consolidated record of each stop, all within a simple, easy-to-understand dashboard. Everything is right at their fingertips, including optional photo or video documentation of the stop, volume of waste collected, time taken for pickup and all associated details of the service."
"For cities and municipal sanitation departments focused on improving the lives of the citizens they serve, this product can be a powerful tool to help them deliver exceptional service. Importantly, the solution works with or without a camera in the case of labor agreements or general operator concerns tied to image capture," said Holl.
Before Verif-Eye, when a waste customer reported that their trash was not picked up, haulers often were required to send out another vehicle to service the account. Despite often being the result of blocked or missing containers, without service verification to document the event, costly extra trips were needed to maintain customer satisfaction.
"Verif-Eye is a great tool for haulers that allows them to strengthen relationships with their end-users, as they now have accurate information they can share regarding both service and the conditions surrounding missed service events," said Carroll. "The pictures capture the event and time stamps the information, validating missed service events due to blocked or missing containers."
In addition, most accounts have rates based on the volume of trash expected per service. In cases of illegal dumping, overloaded containers or unusually excess trash, Verif-Eye helps fleets identify additional revenue opportunities by accurately capturing overages, allowing haulers to approach their end-users with opportunities for increased service or larger/additional containers.
Verif-Eye also integrates seamlessly with Soft-Pak®, its sister company's Mobile-Pak® tablet-based route communication package. Captured data flows to the Soft-Pak award-winning back-office suite of software tools to provide accurate and fully automated billing.
Verif-Eye is part of the ESG Connected Collections comprehensive fleet data strategy that provides a rich stream of data and data-driven options that allow fleet owners to make better decisions faster. For more information regarding Verif-Eye or Connected Collections, please visit www.3rdeyecam.com or talk to your local 3rd Eye Sales representative.
Verif-Eye for Rear Load Trucks will be introduced at a public Virtual Trade Show live event on September 13, 2022, at 11:00 am ET. For additional information on the live event, visit show.doveresg.com/events.
About 3rd Eye:
3rd Eye was formed in 2001. The company provides real-time Vehicle Function/Route Performance Analytics and also uses state-of-the-art camera systems to capture and document in-cab and external events to improve the safety, reliability, and profitability of collection fleet operations. 3rd Eye is committed to ongoing innovation, engineering excellence, and impeccable business ethics. For more information about 3rd Eye, visit www.3rdeyecam.com, the 3rd Eye Facebook page or follow us on Twitter.
About ESG:
Environmental Solutions Group ("ESG") encompasses industry-leading brands, such as Heil Environmental, 3rd Eye, Soft-Pak, Parts Central, Marathon®, Bayne, and The Curotto-Can® to create a premier, fully integrated equipment group serving the solid waste and recycling industry. Through extensive voice-of-customer outreach, in-house engineering and manufacturing capabilities, a wide-reaching service network, and proven industry expertise, ESG is focused on solving customer problems through environmentally responsible products and providing world-class support. For more information about ESG, visit doveresg.com, the ESG Facebook page or follow ESG on Twitter.
About Dover:
Dover is a diversified global manufacturer and solutions provider with annual revenue of approximately $8 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 65 years, our team of over 25,000 employees takes an ownership mindset, collaborating with customers to redefine what's possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under "DOV." Additional information is available at dovercorporation.com.
Environmental Solutions Group Contact:
Jessie Nichols
(423) 309-9827
jnichols@doveresg.com
Dover Media Contact:
Adrian Sakowicz, VP, Communications
(630) 743-5039
asakowicz@dovercorp.com
Dover Investor Contact:
Jack Dickens, Senior Director, Investor Relations
(630) 743-2566
jdickens@dovercorp.com
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SOURCE Dover | https://www.mysuncoast.com/prnewswire/2022/08/31/3rd-eye-introduces-verif-eye-rear-loaders-connecting-fleets-their-customers-while-keeping-operators-connected-their-truck/ | 2022-09-01T01:23:24Z |
Former Wall Street Investor and Serial Entrepreneur Plans 100+ Marco's Locations by 2025
TAMPA, Fla., June 28, 2022 /PRNewswire/ -- Multi-unit growth continues to play a strategic role in Marco's Pizza's rapid expansion, with nearly half of its current franchise network made up of multi-unit operators. As the brand approaches $1B in annual systemwide sales, franchisees are doubling down on expansion and riding the wave of record-breaking sales growth by expanding their franchise portfolios. This is the case for Kal Gullapalli, a seasoned franchisee, who is set to open Marco's milestone 1,100th store in Dundee, FL.
Gullapalli spent seven years on Wall Street before transitioning to entrepreneurship in 2016. He has since become a veteran in the franchise industry, owning several fitness and health & wellness retail centers. Gullapalli joined Marco's in 2021 with a desire to diversify his portfolio amid the ongoing pandemic – seeing the immense value of pizza in his playbook. The 1,100-store will open at 28065 US Hwy 27 in Dundee, FL this July, marking Gullapalli's 36th Marco's store with seven more in various stages of development, and commitments for another 16 future stores across Tampa, FL, Georgia and Columbia and Myrtle Beach, SC. This multi-unit growth furthers his vision for a desired 100-plus Marco's store portfolio by 2025.
"With Marco's, there's a clear path to my team owning 100-plus locations," said Gullapalli. "The brand has a superior product, a sophisticated development team, and vast whitespace across the country. This, paired with its record-breaking growth, made now an opportune time to double down on my investment, because while the 1,100 is a cherished milestone, Marco's will be at 3,000 stores in no time."
With more than 200 stores in various stages of development across the country, Marco's is on the fast-track to achieving its growth goal of 1,500 units by the end 2023. As franchise development continues to surge, leadership prioritizes investments in enhancing the franchise development program, new technology, personnel, strategic vendor partnerships, multi-channel national advertising, and more – all with an eye on maximizing franchisee profits.
For example, Marco's recently announced the investment of millions of dollars in technology innovations over the next few years designed to create business efficiencies, maximize order growth, and improve the customer experience. Areas of investment include AI-enabled voice-to-text ordering and automated promise times, integration with third-party delivery services, migrating to a 100% cloud-based order management system, plus testing automated kitchen innovations and new operational equipment.
"The enhancements made in technology and operations is helping fuel franchise development as sophisticated multi-unit franchisees are seeing now as an attractive time to invest," said Keith Sizemore, Vice President of Development for Marco's Pizza. "We've spent a lot of time and investment in streamlining and strengthening our franchise development program to make it as easy as possible for franchisees to grow a robust portfolio with Marco's, and it's been remarkable to see Kal do just that as he continues to play a significant role in our growth story."
Marco's offers a long-term incentive for multi-unit owners, including franchisee fee discounts, reduced royalties, and growth acceleration bonuses – download the Franchise Information Report for more information.
With strong growth and performance, Marco's sets its sights on becoming the No. 4 brand in pizza. The brand experienced a 12.8% increase in year-over-year Average Unit Volume (AUV), and the Top 50% of Marco's franchised stores generated $1,198,201 AUV for 2021*.
For more information on Marco's Pizza franchise opportunities, visit https://www.marcos.com/franchising/ or call 866-731-8209 to speak with Shannon Iverson, Vice President of Franchise Sales.
ABOUT MARCO'S PIZZA
Marco's Pizza is America's Most Loved and Most Trusted Pizza Brand, according to the 2019 Harris Poll EquiTrend® Study. Headquartered in Toledo, Ohio, Marco's Pizza is one of the fastest-growing pizza brands in the United States. Marco's was founded in 1978 by Italian-born Pasquale ("Pat") Giammarco and thrives to deliver a high-quality pizza experience, known for its dough made from scratch and its three fresh signature cheeses. The company has grown from its roots as a beloved Ohio brand to operate over 1,100 stores in 33 states with locations in Puerto Rico and the Bahamas. Most recently, Marco's Pizza was ranked No. 2 in the Pizza category on Entrepreneur Magazine's 2022 "Franchise 500" ranking, and No. 4 in the Fastest Growing category on Restaurant Business' 2021 "Top 10 Fastest Growing Chains" ranking. Other recent accolades include a first-time presence on Newsweek's 2022 "America's Best Customer Service" in pizza chains list, ranked No. 42 on QSR's Top 50 and has been featured five consecutive years on Nation's Restaurant News' prestigious "Top 500" ranking.
*Based on the Average Unit Volume of the top 50% of our Franchised Stores for fiscal year 2021. Based on fiscal year 2021, 146 of 389 Franchised Stores in the category (38%) met or exceeded this average. This information appears in Item 19 of our 2022 FDD – please refer to our FDD for complete information on financial performance. Results may differ. There is no assurance that any franchisee will perform as well.
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SOURCE Marco's Pizza | https://www.mysuncoast.com/prnewswire/2022/06/28/marcos-pizza-franchisee-kal-gullapalli-open-36th-location-brands-milestone-1100th-store/ | 2022-06-28T15:11:07Z |
Cannes Lions Speakers' Lounge Interview Content Will Be Made Publicly Available Via Stagwell's Online Channels
NEW YORK and CANNES, France, June 16, 2022 /PRNewswire/ -- Stagwell (NASDAQ: STGW), the challenger network built to transform marketing, is gearing up for the in-person return to the Cannes Lions International Festival of Creativity (Cannes Lions) with exclusive programming throughout the festival that will be accessible to anyone, anywhere.
Cannes Speakers' Lounge Content Studio
As the title sponsor of the Cannes Lions Speakers' Lounge, Stagwell is producing exclusive interviews in the onsite content studio with some of the most interesting people at the festival, going beyond the main stage to dig deeper into their best stories. More than 20 senior executives will be participating in Speakers' Lounge interviews from brands including:
- Anheuser-Busch InBev
- Activision
- Albertson's
- Amazon Ads
- Beam Suntory
- Chipotle
- Chivas Brothers/Pernod Ricard
- Diageo
- EA
- Expedia
- Hulu
- Lenovo
- Marriott
- Mastercard
- Meta
- Qualcomm
- Quest
- Snap Inc.
- Unilever
Stagwell will make the interviews available for viewing throughout the festival for anyone to access, free of charge. Follow Stagwell on YouTube, LinkedIn and the website for a behind-the-scenes pass to the best of Cannes Lions.
"We've gathered some of our industry's most interesting minds together in the Speakers' Lounge Content Studio to share how they're transforming marketing for the world's most notable brands," said Stagwell Chairman and CEO Mark Penn. "We're proud to make this exclusive content accessible to anyone, free of charge, via Stagwell's online channels."
News organizations that are interested in obtaining this content for redistribution should contact cannescomms@stagwellglobal.com to coordinate.
Stagwell at Cannes Lions
There are over 15 Stagwell agencies attending the festival including 72andSunny, Allison + Partners, Anomaly, Assembly, Code and Theory, Crispin Porter + Bogusky, Colle McVoy, Doner, Forsman & Bodenfors, GALE, Ink, Instrument, MMI Agency, Observatory, Redscout, Veritas, and Wolfgang.
To Connect
If you are a brand executive or journalist interested in participating in Speakers' Lounge interviews, connecting with Stagwell Chairman and CEO Mark Penn or leaders from the Stagwell agencies, or attending Stagwell's events, please contact cannescomms@stagwellglobal.com.
About Stagwell Inc.
Stagwell is the challenger network built to transform marketing. We deliver scaled creative performance for the world's most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our 12,000+ specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.
Contact:
Beth Sidhu
beth.sidhu@stagwellglobal.com
202-423-4414
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SOURCE Stagwell Inc. | https://www.wibw.com/prnewswire/2022/06/16/stagwell-stgw-host-top-brand-executives-offer-free-access-exclusive-interviews-cannes-lions-international-festival-creativity/ | 2022-06-16T20:32:21Z |
ORLANDO, Fla., June 8, 2022 /PRNewswire/ -- As young people head off to college this fall, 229 of them from communities across Florida will receive financial help for their costs through scholarships from Florida Realtors® Education Foundation Inc.
A not-for-profit corporation established by the state Realtor association, the Florida Realtors Education Foundation Inc. provides real estate-related educational scholarships. The Foundation's Board of Directors awarded $278,000 in scholarships to help pay for higher education expenses for 229 young people in the 2022-2023 school year. All recipients are Florida residents and will attend community colleges, four-year universities, graduate programs or law schools, both in state and out-of-state. Some students are considering careers in real estate.
"For 12 years now, the Florida Realtors Education Foundation Student Scholarship Program has helped 1,593 young people realize their dreams for the future by continuing their education," said Sherri Meadows, chair of Florida Realtors Education Foundation Inc. "Florida Realtors has awarded a total of $2,246,200 in scholarships to help these students and their families with financial support for college. Realtors across the state are honored to give back to our communities as we support these deserving young people. These scholarships are an investment in the future."
Scholarship recipients are enrolled at institutions of higher learning throughout the state, such as the University of Florida, Florida State University, University of Central Florida, Florida Atlantic University, Florida A&M University, University of South Florida, Florida Southwestern State and Florida Gulf Coast University, as well as other colleges throughout the U.S., including Yale University, Duke University, Colorado Christian University and Berry College, to name a few. A variety of criteria was considered for successful applicants including academic achievements, financial need, relationship to the Realtor family and contributions to family, school and community.
Florida Realtors® serves as the voice for real estate in Florida. It provides programs, services, continuing education, research and legislative representation to its 225,000 members in 51 boards/associations. Florida Realtors® Newsroom website is available at http:// floridarealtors.org/newsroom.
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SOURCE Florida Realtors | https://www.mysuncoast.com/prnewswire/2022/06/08/florida-realtors-education-foundation-awards-278000-scholarships/ | 2022-06-08T15:16:51Z |
NEW YORK, April 11, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Renalytix Plc ("Renalytix" or the "Company") (NASDAQ: RNLX). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Renalytix and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On or around July 17, 2020, Renalytix conducted its initial public offering, issuing 11 million of its ordinary shares to the public at $13.50 per share. Then, on March 31, 2022, Renalytix announced its financial results for the second quarter of its fiscal year 2022. Among other results, the Company reported second quarter GAAP earnings per share of -$0.21, missing consensus estimates by $0.04, and revenue of $0.84 million, missing consensus estimates by $0.21 million. Renalytix also reported that during the three and six months ended December 31, 2021, the Company recorded a loss of $1.4 million and $2 million, respectively, to adjust its investment in a subsidiary, Verici Dx Limited, to fair value.
On this news, Renalytix's ordinary share price fell $0.21 per share, or 2.95%, to close at $6.92 per share on March 31, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP | https://www.mysuncoast.com/prnewswire/2022/04/12/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-renalytix-plc-rnlx/ | 2022-04-12T01:16:22Z |
Secure custody of secret keys now a reality for mobile devices, paving way for seamless web3 transactions
Solana Foundation establishes a $10 million ecosystem fund to spur native mobile dApp development
NEW YORK, June 23, 2022 /PRNewswire/ -- Solana Mobile, a subsidiary of Solana Labs, debuted today Solana Mobile Stack, an open source software toolkit for Android enabling native Android web3 apps on Solana with the Seed Vault secure custody protocol that facilitates instant signing of transactions while keeping private keys partitioned from wallets, apps and the Android operating system.
"Developers have been blocked for too long from creating truly decentralized mobile apps because the existing gatekeeper model just doesn't work anymore," said Anatoly Yakovenko, co-founder of Solana. "We live our lives on our mobile devices – except for web3 because there hasn't been a mobile-centric approach to private key management. The Solana Mobile Stack shows a new path forward on Solana that is open source, secure, optimized for web3, and easy to use."
The Solana Mobile Stack (SMS) provides a new set of libraries for wallets and apps, allowing developers to create rich mobile experiences on Solana, the world's most performant blockchain, and is built to run alongside Android. The SDK provides libraries and programming interfaces for Android apps and secure key private storage, simplifying the developer experience to build and extend dApps functionality for Solana. The SDK is available starting today.
Solana Mobile Stack was introduced at an event in New York today, which also included the introduction of Saga, a flagship Android mobile phone with unique functionality and features tightly integrated with Solana, and is available now for pre-orders for delivery in early 2023 (read more here).
"Developers can now bring the power of Solana to the computers in our pockets, not just our backpacks," said Raj Gokal, co-founder of Solana. "Solana can revolutionize so much of what we do everyday, but we need to open the possibilities for decentralized apps on our mobile devices in order for this potential to be realized."
Initial features of the Solana Mobile Stack SDK include:
- Mobile Wallet Adapter: A protocol for connecting web apps and native Android apps to wallets on mobile devices. The open source protocol is designed to support all mobile platforms, not just Android, and can work with wallet apps providing signing services to apps running remotely, such as other mobile devices, and on desktop or laptop computers.
- Seed Vault: A secure environment built into a mobile device that keeps private keys, seed phrases and secrets separated from the application layer yet still capable of interacting with apps running on the device or in a mobile browser. Seed Vault accesses the highest privileged security environment available on a device, from secure operating modes of the processor to dedicated Secure Elements, which enables a secure transaction signing experience through UI components built into Android.
- Solana Pay for Android: Solana Pay, a decentralized payments rail on Solana, is built into Solana Mobile Stack, providing wallet apps the ability to use the system features of Android devices to capture Solana Pay URLs via QR codes, NFC taps, messages, and web browser interactions to launch Solana Pay requests. In addition, instant virtual card issuance will allow users to make contactless-based mobile payments backed by their self-custodied funds via traditional payment rails at tens of millions of merchants across the globe.
Additionally, Solana dApp Store is a new app distribution system on Android for decentralized apps. The Solana dApp Store will provide a distribution channel for apps that want to establish direct relationships with their customers, allowing them to transact without platform fees. The Solana dApp Store will co-exist with Google Play on devices, providing access to web2 and web3 apps.
The Solana Mobile Stack and Solana dApp Store open up unexplored opportunities for devs to create new and better experiences. A few possibilities:
- Minting an NFT anywhere, anytime is now a reality because secure transactions on a phone can be easily authorized thanks to the secure partition between a user's keys and the software and hardware levels of a phone.
- Individuals can transact for goods and services with their securely held digital assets across millions of traditional contactless terminals as well as the growing decentralized Solana Pay payments network.
- Play web3 games on Solana from anywhere, and keep funds safe and secure with Seed Vault.
- Users can now manage trading risk while on the go more easily and effectively thanks to an improved user experience possible with native DeFi dApps.
- Consumers can participate in token-gated mobile commerce experiences based on their digital assets and the secure communications between a wallet, Seed Vault, and a dApp.
- Creators and developers can establish direct relationships with users through their dApps without intermediaries collecting data and extracting fees thanks to the distribution of the Solana dApp Store.
Demand for a mobile-first, open source, blockchain-based mobile development environment can be seen in the early supporters of the Solana Mobile Stack:
- Coral co-founder Armani Ferrante: "Coral is a next-gen wallet where you can dynamically bring together and manage all of your digital assets, and now, by integrating with Solana Mobile Stack, we're enabling developers to build mobile-first experiences and, by releasing through the dapp store, we'll get to directly connect xNFTs to users, and run xNFTs on mobile."
- Kiyomi / OpenEra co-founder Irvin Cardenas: "NFTs will become an integral part of our lives. In order for Web3 to reach the mainstream, we need to enable digital assets such as NFTs to be used in our daily lives with our mobile devices in ways that are more seamless, interactive, and engaging. But, most importantly, in ways that neither compromise on security nor bend to traditional intermediary business models. Solana Mobile Stack and especially Seed Vault shows not only that this is possible but also that this is a reality today."
- Magic Eden CEO and co-founder Jack Lu: "We want to create the best mobile experiences for our users and are delighted that Solana's mobile stack will unlock new potential use cases. NFTs are becoming increasingly immersive—people talk about them and showcase them in their real lives. Interacting with NFTs should not occur in a vacuum on a laptop. The future is mobile. We're excited to support Solana's project with our Android app."
- Okay Bears co-founder Kais: "Our Okay Bears community connects many hearts across the planet each day. Our members are incredibly diverse, and so are the devices they use. When designing our new products, we worked with Ikonick and Shopify to ensure a beautiful token-gated experience for all of our holders. We're excited about the Solana Mobile Stack, and its potential to help grow our Okay Bears message."
- Orca co-founder Grace "Ori" Kwan: "Orca aims to be the most user-friendly trading experience in DeFi, and we see a huge opportunity to extend that to a new generation of users through mobile. The Solana Mobile stack, including the Seed Vault and Mobile Wallet Adapter, offers the speed, security, and responsiveness needed to make that dream a reality."
- Phantom CEO and co-founder Brandon Millman: "As the leading web3 wallet on Solana, we prioritize creating clean, simple, and secure transaction flows. Solana Mobile Stack represents a big advancement for seed management and native transaction signing, both of which elevate the user experience on mobile."
- StepN Chief Revenue Officer Mable Jiang: "Saga will enable a more open experience for users to interact with StepN from different non-custodial wallets. With Saga, our users could choose whichever frontend they want to trade on very seamlessly. Further, we're excited about creating new opportunities for our users with a richer mobile native experience made possible with Solana Mobile Stack."
To further accelerate development of native mobile dApps, Solana Foundation also announced today $10 million in ecosystem development grants for developers building on Solana Mobile Stack. The grants will help jumpstart a revolution that should have begun long ago but that is critical now if web3 is to advance beyond the desktop web browser.
For more information:
- Solana Mobile Homepage, including pre-order information
- Download the Solana Mobile Stack SDK
- Solana Foundation Mobile Development Grant Form
- Solana Mobile debuts Saga, a flagship Android phone for web3
- Solana Mobile Stack and flagship device, Saga, changes everything, by Anatoly Yakovenko
About Solana
Solana is a global state machine, and the world's most performant blockchain. It gives developers the confidence to build for the long term by delivering predictable scaling without compromising security or composability. Solana's performance is driven by a single global state, which is capable of processing tens of thousands of smart contracts at once, and by Proof of History, a distributed clock that unlocks low-latency, sub-second finality across the global state. To learn more, please visit https://solana.com.
About Solana Mobile
Solana Mobile is a mobile technology company developing the Solana Mobile Stack and Saga. It is a subsidiary of Solana Labs, a creator of open source software, and a contributor to Solana software and the Solana protocol. For more information, please visit https://solanamobile.com/.
About Solana Foundation
The Solana Foundation has a mission to help support and grow the Solana network and its community while driving mass adoption for blockchain. Based in Switzerland, the Solana Foundation is working to realize a world where individuals own their data, use permissionless networks, and transfer information freely around the world. To get involved, please visit https://solana.org/.
CONTACT: Austin Federa, press@solana.com
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SOURCE Solana Mobile | https://www.kxii.com/prnewswire/2022/06/23/solana-mobile-stack-begins-new-era-web3-with-mobile-first-android-platform/ | 2022-06-23T19:16:24Z |
PARSIPPANY, N.J., July 11, 2022 /PRNewswire/ -- PBF Energy Inc. (NYSE: PBF) today announced that its indirect subsidiary, PBF Holding Company LLC ("PBF Holding"), has fully redeemed all of the $1.25 billion in aggregate principal amount outstanding of its 9.25% Senior Secured Notes due 2025 (the "Notes") issued by PBF Holding and PBF Finance Corporation. The Notes were redeemed at a redemption price of 104.625%, plus accrued and unpaid interest through July 11, 2022.
About PBF Energy Inc.
PBF Energy Inc. (NYSE: PBF) is one of the largest independent refiners in North America, operating, through its subsidiaries, oil refineries and related facilities in California, Delaware, Louisiana, New Jersey and Ohio. Our mission is to operate our facilities in a safe, reliable and environmentally responsible manner, provide employees with a safe and rewarding workplace, become a positive influence in the communities where we do business, and provide superior returns to our investors.
PBF Energy Inc. also currently indirectly owns the general partner and approximately 48% of the limited partnership interest of PBF Logistics LP (NYSE: PBFX).
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SOURCE PBF Energy Inc. | https://www.wibw.com/prnewswire/2022/07/11/pbf-energy-announces-full-redemption-125-billion-pbf-holding-925-senior-secured-notes-due-2025/ | 2022-07-11T16:10:13Z |
CARTERET, N.J., June 14, 2022 /PRNewswire/ -- URSB, Carteret's hometown bank providing over 100 years of outstanding personalized banking service with a commitment to the community, has recently made three new additions to its management team.
James Raborn joins the Bank's management team as Head of Retail Banking. Mr. Raborn brings over 15 years of banking experience to URSB. His experience includes the implementation of business development and marketing strategies to promote deposit and lending growth, as well as the introduction of new retail products and platforms for consumer and business customers. Jim holds a Bachelor of Arts degree from Tulane University and a Juris Doctor degree from Rutgers University School of Law (Camden).
Having grown up in nearby Woodbridge Township, Mr. Raborn is familiar with Carteret and the surrounding communities. He currently resides in Flemington, NJ.
In addition, in March 2022, Christine Germann joined URSB as Vice President – Loan Servicing Manager. She has over 20 years of experience in loan operations and administration in the banking industry. Christine has a proven track record of supporting a bank's consumer, residential and commercial lending functions while ensuring timely responses to customer inquiries about their loans. Ms. Germann currently resides in East Windsor, NJ.
Theodore R. Kawoczka was hired in December 2021 as Senior Vice President – BSA and Information Security Officer. Ted has more than 30 years of experience in BSA and information technology management. He possesses vast knowledge of how customers rely on technology to support personal and business banking needs and what regulators expect of financial institutions in the areas of BSA/AML, OFAC and Cybersecurity compliance. Ted holds a Bachelor of Arts degree from Columbia University and currently resides in Yardley, PA.
Kenneth R. Totten, President/CEO and Chairman of URSB explained that "these additions to URSB's management team positions the Bank for continued growth over the next few years and ensures that the Bank will be able to continue to serve its customers from Carteret and surrounding communities with the most up-to-date suite of deposit and lending products." He added "Jim Raborn, who brings extensive banking experience in many areas to URSB, will focus on the enhancement and expansion of the Bank's retail/deposit banking services. Christine Germann is a welcome addition to our team with vast experience in loan administration who will help to ensure a high level of support for our lending customers. Ted Kawoczka, as BSA/ISO Officer, will help to the Bank comply with regulatory requirements which directly benefits the Bank and its customers."
With over 100 years of an outstanding reputation for providing personalized service to its customers and a passionate commitment to its community, URSB, Carteret's only hometown-based bank, serves the business and personal banking needs of customers throughout Central New Jersey. The Bank's suite of products and services includes business and personal accounts, mobile banking, residential mortgages, home equity loans and lines of credit, as well as commercial mortgages for multi-family and mixed-use properties.
Online and mobile services allow secure access to accounts and provides the ease of banking at a customer's convenience. Offering high interest checking accounts and among the most competitive CD rates in the market, URSB is a modern financial institution dedicated to providing powerful financial tools to allow customers to pursue their dreams while remaining financially secure.
Contact:
Kenneth R. Totten
URSB
(732) 541-5445
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SOURCE United Roosevelt Savings Bank - URSB | https://www.mysuncoast.com/prnewswire/2022/06/16/ursb-expands-management-team-hires-head-retail-banking-loan-servicing-manager-bsa-information-security-officer/ | 2022-06-16T18:46:38Z |
BOCA RATON, Fla., July 15, 2022 /PRNewswire/ -- The Florida Atlantic University Foundation (FAUF) raised more than $81.24 million from more than 5,332 donors at the end of the 2022 fiscal year - the largest amount raised in the University's history. This total breaks the record of $57 million from the previous year and demonstrates a continued trajectory for growth.
"FAU was founded on philanthropy, and that tradition has continued for more than 60 years," said Chris Delisio, vice president of institutional advancement and CEO of FAUF. "This last fiscal year shows just how committed our friends, alumni and partners are to the mission and vision of the University."
During this record-setting year, FAU received the largest scholarship gift in its history. Announced in May, the University received an estate pledge of $28 million from John and Ann Wood to support scholarships for students enrolled in the Charles E. Schmidt College of Medicine. This is the largest known scholarship gift to a Florida public university's medical school.
"At the university's dedication ceremony in 1964, former U.S. President Lyndon B. Johnson declared that our goal must be to open the doors of higher education to all who can qualify," said FAU President John Kelly. "Thanks to generous gifts from our many supporters, Florida Atlantic is able to provide opportunities for talented, hard-working students to earn degrees, regardless of their background."
FAU currently serves more than 30,000 undergraduate and graduate students across six campuses. In recent years, the University has doubled its research expenditures and outpaced its peers in student achievement rates. FAU is highly ranked by U.S. News & World Report for "Social Mobility" and a top degree producer for black and Hispanic students. FAU is also consistently ranked as the most ethnically and culturally diverse institution in Florida's State University System.
"FAU's ever-increasing success is fueled by the generosity of our supporters," said Steven Schmidt, FAUF board chair. "It is thanks to their philanthropy that the University is able to add and expand exciting experiences for learning, research, athletics and the arts and more."
- FAU -
The Florida Atlantic University Foundation, Inc., (FAUF) creates unlimited opportunity for FAU's thousands of promising people and programs. The Foundation connects private philanthropy to powerful possibilities within the University's leading-edge mission and strategic plan. Operating under the Division of Institutional Advancement, the 501(c)3 nonprofit Foundation is a faithful fiduciary and trusted steward of its donors' gifts and wishes.
Provided by Newswise, online resource for knowledge-based news at www.newswise.com
Media Contacts: Kristine M. Gobbo
Executive Director of Advancement Communications
kgobbo@fau.edu
Phone: 561-297-0924
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SOURCE Florida Atlantic University | https://www.wibw.com/prnewswire/2022/07/15/fau-foundation-raises-8124-million-record-setting-year/ | 2022-07-15T15:05:56Z |
WASHINGTON, Sept. 6, 2022 /PRNewswire/ -- A brand new, 7-part podcast miniseries about the lived experience of Parkinson's disease is now available.
The whole series can be found on all major podcast platforms.
The Parkinson's Disease Podcast is a short-format, narrative miniseries that shares important insights and information for the millions of people affected by this condition.
It is part of the Health Unmuted audio library by Mission Based Media, and joins other titles including Alzheimer's Disease Podcast and COPD Podcast. Each miniseries in Health Unmuted focuses on a specific health topic and features the voices of medical professionals, caregivers and, importantly, people living with the condition.
"Parkinson's disease affects over 8 million people worldwide, and advances in diagnostics and treatments can have a tremendous impact on the course of the disease. Our mission is to help people have a deeper understanding about their health, and creating accessible, engaging content is a key part of fulfilling that mission," said Dan Kendall, founder of Mission Based Media and executive producer of Health Unmuted.
The podcast is available for free for listeners and was made possible with support from Altoida, a leading platform to improve drug development, research, and care for patients with neurological diseases including Parkinson's.
"Our team at Altoida is delighted to partner with Mission Based Media to make the Parkinson's Disease Podcast a reality," said Travis Bond, CEO at Altoida. "Our vision to unlock neurology diagnostics at scale and revolutionize brain health management aligns with the podcast's goal of equipping listeners with the information and resources necessary to make informed health decisions. We are thrilled to collaborate with forward thinking partners to share the important stories behind neurological disease, and help pioneer innovative technologies in support."
"Effective and accessible health education is critically important, particularly at the early stages of living with a chronic condition," added Kendall. "Health Unmuted podcasts cover topics ranging from symptoms and diagnosis, through to lifestyle changes and treatment options. Each episode helps combat the misinformation that can lead to confusion, anxiety and poor outcomes."
Find Health Unmuted podcasts on major podcast platforms including Apple Podcasts, Google Podcasts, Amazon Music and Spotify, as well as HealthUnmuted.com. More than 50 other health conditions are planned for Health Unmuted including diabetes, multiple sclerosis, breast cancer and gastrointestinal conditions. Healthcare providers and patient-focused organizations can learn about distribution opportunities by visiting https://partners.healthunmuted.com or emailing partners@healthunmuted.com
About Mission Based Media Ltd.
Mission Based Media is a digital media company and podcast network creating and sharing trustworthy podcasts about health, care and well-being. We have a comprehensive library of podcasts across a broad scope of health topics, conditions and therapies. Our content features insights and information from top health professionals and organizations, and highlights engaging patient stories and perspectives. For more information, visit Health Podcast Network, Digital Health Today and Health Unmuted.
About Altoida, Inc.
Altoida is building the world's leading platform to accelerate and improve drug development, research, and care for patients with neurological diseases. The company's innovative AI-driven approach leverages immersive augmented reality (AR) to evaluate the brain in a comprehensive, real-world mode of functioning using data captured with a standard smartphone or tablet. Altoida's validated and evidence-based digital biomarker platform received FDA Breakthrough Device Designation and is supported by more than 20 years of scientific research and publications in journals like Nature Digital Medicine. Altoida is based in Washington, DC. For more information, visit www.altoida.com. Follow us on LinkedIn and Twitter at @altoida.
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SOURCE Mission Based Media Ltd. | https://www.wibw.com/prnewswire/2022/09/06/new-health-education-podcast-breaks-down-barriers-people-with-parkinsons-disease/ | 2022-09-06T11:33:24Z |
NEW YORK, July 28, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Verrica Pharmaceuticals, Inc. ("Verrica" or the "Company") (NASDAQ: VRCA) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Verrica investors who were adversely affected by alleged securities fraud between May 28, 2021 and May 24, 2022. Follow the link below to get more information and be contacted by a member of our team:
VRCA investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) there were manufacturing deficiencies at the facility where Verrica's contract manufacturer produced a bulk solution for the Company's lead product candidate, VP-102; (2) these deficiencies were not remediated when Verrica resubmitted its New Drug Application for VP-12 for molluscum; (3) the foregoing presented significant risks to Verrica obtaining regulatory approval of VP-102 for molluscum; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
WHAT'S NEXT? If you suffered a loss in Verrica during the relevant time frame, you have until August 5, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
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SOURCE Levi & Korsinsky, LLP | https://www.kxii.com/prnewswire/2022/07/28/vrca-lawsuit-alert-levi-amp-korsinsky-notifies-verrica-pharmaceuticals-inc-investors-class-action-lawsuit-upcoming-deadline/ | 2022-07-28T11:34:53Z |
He considered leaving the horse business after tragedy struck. Now this trainer just won the Kentucky Derby
By Christina Maxouris, CNN
Nearly six years ago, Eric Reed almost called it quits from the horse training business.
A fire engulfed one of the barns at his Lexington, Kentucky, equine center, in the middle of a December night, killing 23 thoroughbred horses and causing hundreds of thousands of dollars in damage.
“When we drove up on that that night, I told my wife, I said, ‘we’ve probably lost everything,’ ” Reed recounted this week. “The next morning, when we saw the devastation … I just thought of all the years and all the stuff we had done to get this beautiful farm and to have this happen, that something might be telling me it’s the end of the line.”
That was 2016.
Reed didn’t give up, and with friends — and sometimes strangers — who showed up to help, he continued training. “I just decided, I wasn’t going to let it take me out.”
It paid off: Reed is now a Kentucky Derby winner.
Rich Strike, the horse he trains, entered as the biggest long shot in the race (80-1 odds) and surged forward in the home stretch to cross the finish line first with a 2:02.61 time.
The victory was all the more stunning because Rich Strike wasn’t even in the field until Friday, when derby officials announced another horse pulled out. Reed told reporters he brought his team down a few days before the race, on the possibility the horse might get a chance to run, to begin preparing “against all odds.”
“Nobody thought we could get in,” he said. When the horse came in first place, Reed almost passed out. Rich Strike is his first winning horse in the derby.
“Everybody would love to win the Derby. I always would, but I never thought I would be here, ever,” Reed said.
Venezuelan jockey Sonny Leon, in his first Kentucky Derby, rode Rich Strike to the surprise victory. Rich Strike is owned by RED TR-Racing, LLC, according to the derby’s website.
The next leg of the coveted Triple Crown, the Preakness Stakes, will be run at Pimlico Race Course in Baltimore, Maryland, on May 21.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
CNN’s Kevin Dotson contributed to this report. | https://localnews8.com/sports/cnn-sports/2022/05/07/he-considered-leaving-the-horse-business-after-tragedy-struck-now-this-trainer-just-won-the-kentucky-derby/ | 2022-05-08T05:08:41Z |
Traditional Neighborhood Development will include 4,000+ homes, town center, and more than 2,300 acres of open space with trails, parks and a working farm
PALM CITY, Fla., June 6, 2022 /PRNewswire/ - Mattamy Homes, the largest privately owned homebuilder in North America, has announced it will serve as master developer of Newfield, the innovative new town in Martin County conceived over the past five years by financial journalist Knight Kiplinger.
"This has been a labor of love – one that has brought me great joy," Kiplinger said. "I am convinced that Mattamy, with its great track record around America, including being selected to build the last section of the town of Celebration, an acclaimed model of TND development, is the right developer to bring Newfield to fruition."
Located in western Palm City, FL between the Turnpike and I-95, the large expanse of land, previously known as Shadow Lake Groves, has been owned by the Kiplinger family for more than four decades.
"Newfield will introduce a new standard for TND and open-space preservation on the Treasure Coast," said Dan Grosswald, Mattamy's Southeast Florida Division President. "Newfield will be a multigenerational pedestrian-friendly community that will appeal to a wide variety of current and future Martin County residents. We are honored and privileged to have been selected to develop this amazing unique property and look forward to bringing the Kiplinger vision to life."
Newfield will embody the characteristics of a TND (Traditional Neighborhood Development) with an array of villages comprising homes in various sizes, styles and prices—mixed in a natural way with civic spaces such as parks, community gardens and schools, along with small-scale retail and office space. To promote walkability and community connection, Newfield neighborhoods will include rear-access garages and driveways in alleys behind homes, enabling residents to greet neighbors from the front porch and watch children play safely in the front yards.
More than 70% of the total Newfield acreage – 2,300-plus acres – will remain open with a 70-acre working farm with livestock, a mix of wooded hiking, biking and equestrian trails, pasture, wetlands, lakes and the natural new Kiplinger Conservancy.
Knight Kiplinger worked closely with Martin County residents to obtain commission approval in 2020, including proposing a whole new zoning category for the project. Newfield's phase 1 encompasses 139 acres of which the first village will serve as the town center and include approximately 1,250 residential units, along with retail, restaurants, small-scale offices, recreational amenities, ten miles of trails and the county's first gopher tortoise preserve.
Groundbreaking is expected later this year with sales to begin in fall 2023. The first homes are slated for early 2024 delivery. Kiplinger and members of his original planning team will work closely with Mattamy Homes in an advisory capacity.
Mattamy Homes is the largest privately owned homebuilder in North America, with 40-plus years of history across the United States and Canada. Every year, Mattamy helps more than 8,000 families realize their dream of homeownership. In the United States, the company is represented in 11 markets — Dallas, Charlotte, Raleigh, Phoenix, Tucson, Jacksonville, Orlando (where its U.S. head office is located), Tampa, Sarasota, Naples and Southeast Florida. In Canada, Mattamy Homes' communities stretch across the Greater Toronto Area as well as Ottawa, Calgary and Edmonton. Visit www.mattamyhomes.com for more information.
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SOURCE Mattamy Homes Limited | https://www.wibw.com/prnewswire/2022/06/06/mattamy-homes-named-master-developer-newfield-martin-county-fl/ | 2022-06-06T16:44:26Z |
NEW YORK, June 27, 2022 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Mullen Automotive, Inc. f/k/a Net Element, Inc. ("Mullen" or the "Company") (NASDAQ: MULN; NETE) and certain of its officers. The class action, filed in the United States District Court for the Central District of California, and docketed under 22-cv-00976, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired publicly traded Mullen securities between June 15, 2020 and April 6, 2022, inclusive (the "Class Period"). Plaintiff seeks to recover compensable damages caused by Defendants' violations of the federal securities laws under the Securities Exchange Act of 1934 (the "Exchange Act").
If you are a shareholder who purchased or otherwise acquired Mullen securities during the Class Period, you have until July 5, 2022 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
Mullen purports to be an electronic vehicle ("EV") manufacturer. On November 5, 2021, Mullen Technologies, Inc. underwent a merger with and into Net Element, Inc., and the Company changed its name to Mullen Automotive, Inc..
The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Mullen overstates its ability and timeline regarding production; (2) Mullen overstates its deals with business partners, including Qiantu; (3) Mullen overstates its battery technology and capabilities; (4) Mullen overstates its ability to sell its branded products; (5) Net Element did not conduct proper due diligence into Mullen Technologies; (6) the Dragonfly K50 was not (solely) delayed due to the COVID-19 pandemic; and (7) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.
On April 6, 2022, during trading hours, market analyst Hindenburg Research released a report regarding the Company entitled "Mullen Automotive: Yet Another Fast Talking EV Hustle" which detailed several alleged issues with the Company.
On this news, Mullen's stock price fell $0.27 per share, or 10%, to close at $2.38 per share on April 7, 2022, on unusually heavy trading volume, damaging investors.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP | https://www.wibw.com/prnewswire/2022/06/27/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-their-investment-mullen-automotive-inc-fka-net-element-inc-class-action-lawsuit-upcoming-deadline-muln-nete/ | 2022-06-28T00:37:17Z |
Missing 11-year-old located
IDAHO FALLS, Idaho (KIFI) - UPDATE 5:50 p.m. The Idaho Falls Police Department reports Audrey has been safely located.
No other information was released.
ORIGINAL: The Idaho Falls Police Department is currently searching for a missing 11-year-old.
Audrey Morin has brown hair, brown eyes, is approximately 4’ 11” tall, and weighs approximately 100 pounds.
IFPD said Audrey was last seen wearing bleached shorts, a pink hoodie and black ankle boots was last seen leaving Longfellow Elementary School after school and did not return home as expected.
Anyone who has seen Audrey since 2:30 p.m. or who is aware of her current whereabouts is asked to call Idaho Falls Police Dispatch at 208-529-1200. | https://localnews8.com/news/idaho-falls/2022/04/04/police-search-for-missing-11-year-old-3/ | 2022-04-05T01:06:19Z |
CHICAGO, June 28, 2022 /PRNewswire/ -- PSM Partners, a Chicago based Technology Consulting and Talent Sourcing firm has been named as one of the world's premier managed service providers in the prestigious 2022 Channel Futures MSP 501 rankings.
PSM has been selected as one of the technology industry's top-performing providers of managed services by the editors of Channel Futures. For the past 16 years, managed service providers (MSPs) from around the globe have submitted applications to be included in this prestigious and definitive listing. The Channel Futures MSP 501 survey examines organizational performance based on annual sales, recurring revenue, profit margins, revenue mix, growth opportunities, innovation, technology solutions supported, and company and customer demographics.
Mike Mete, Co-Founder and Managing Partner at PSM, commented on the firm's award, "Since our inception in 2015, PSM has been dedicated to building long term relationships with our clients and partners." He continued, "Our strong financial performance is tied directly to treating people fairly, clients and employees alike. We hire the industry's best and brightest talent, and we provide a level of attention to our clients that is unparalleled in the marketplace."
PSM specializes in helping small and medium-sized companies with an array of outsourced technology solutions and cloud strategies. The firm also helps its clients grow by leveraging a team of full desk recruiters to source top industry talent. Learn more at https://www.psmpartners.com/.
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SOURCE PSM Partners | https://www.mysuncoast.com/prnewswire/2022/06/28/psm-partners-ranked-channel-futures-2022-msp-501-tech-industrys-most-prestigious-list-managed-service-providers-worldwide/ | 2022-06-28T16:41:07Z |
Hip hop pioneer DJ Kay Slay dies of COVID-19 at age 55
NEW YORK (AP) — Pioneering hip hop artist Keith Grayson, who performed as DJ Kay Slay and worked with top stars, has died of complications from COVID-19.
Grayson’s death at age 55 on Sunday was confirmed by his family in a statement released through New York radio station HOT 97, where he hosted “The Drama Hour” for more than two decades.
“A dominant figure in hip hop culture with millions of fans worldwide, DJ Kay Slay will be remembered for his passion and excellence with a legacy that will transcend generations,” the family statement said.
Grayson grew up in Harlem, immersed in New York City’s early hip hop scene. He got his start as a teenage graffiti artist and was featured in the 1983 hip hop documentary “Style Wars.”
He began selling bootleg mixtapes on street corners in the early ‘90s and released his first studio album, “The Streetsweeper, Vol. 1,” in May 2003. Grayson released several more albums and worked with the likes of Nas, Kendrick Lamar, Jadakiss and Busta Rhymes.
“Hot 97 is shocked and saddened by the loss of our beloved DJ Kay Slay,” the station said in a statement.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/04/18/hip-hop-pioneer-dj-kay-slay-dies-covid-19-age-55/ | 2022-04-18T18:40:52Z |
HARRISBURG, Pa., Sept. 7, 2022 /PRNewswire/ -- LINKBANCORP, Inc. (the "Company"), the holding company of The Gratz Bank, including its LINKBANK division (the "Bank") today announced the launch of its initial public offering of common stock. The Company is offering 4,575,000 shares. The underwriters will have a 30-day option to purchase up to an additional 686,250 shares of common stock from the Company. The initial public offering price is currently expected to be between $8.00 and $9.50 per share. The common stock is expected to trade on the Nasdaq Capital Market under the symbol "LNKB."
The Company intends to use the net proceeds from the offering to support the Company's growth strategy, including providing capital to the Bank to support growth of its operations, including, without limitation, expansion of its lending activities, financing strategic acquisitions that may from time to time arise and for other general corporate purposes. The Company has no immediate plans, arrangements or understandings relating to any material acquisition.
Stephens Inc. and Piper Sandler & Co. are serving as joint book-running managers. D.A. Davidson & Co. is serving as co-manager.
The offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the offering may be obtained from Stephens Inc., 111 Center Street, Little Rock, AR 72201, or by phone at 1-800-643-9691 or Piper Sandler & Co., 1251 Avenue of the Americas, 6th Floor, New York, New York 10020, or by phone at 1-800-747-3924, or by email at prospectus@psc.com, or from D.A. Davidson & Co., 8 Third Street North, Great Falls, MT 59401, Attention: Equity Syndicate or by calling (800) 332-5915.
A Registration Statement on Form S-1 (File No:333-267303) relating to the common stock has been filed with the U.S. Securities and Exchange Commission (the "SEC") but has not yet become effective. The common stock may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. This press release shall not constitute an offer to sell nor the solicitation of an offer to buy, nor shall there be any sale of the common stock, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. The common stock to be offered in the initial public offering will not be insured by the Federal Deposit Insurance Corporation or any other governmental agency.
LINKBANCORP, Inc. was formed in 2018 with a mission to positively impact lives through community banking. Its subsidiary bank, The Gratz Bank, is a Pennsylvania state-chartered bank serving individuals, families, nonprofits and business clients throughout Central and Southeastern Pennsylvania through 10 client solutions centers of The Gratz Bank and LINKBANK, a division of The Gratz Bank.
This press release includes "forward-looking statements," including with respect to the initial public offering. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "might," "should," "could," "predict," "potential," "believe," "expect," "attribute," "continue," "will," "anticipate," "seek," "estimate," "intend," "plan," "projection," "goal," "target," "outlook," "aim," "would," "annualized" and "outlook," or similar terminology. These forward-looking statements are based on current beliefs and expectations of the Company's management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Company's control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause such differences to exist include, but are not limited to: risks related to fluctuations in real estate values and both residential and commercial real estate market conditions; fiscal and monetary policies of the federal government and its agencies; changes in laws or government regulations or policies affecting financial institutions, including changes in regulatory fees and capital requirements; changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for loan losses; demand for loans and deposits in our market area; conditions relating to the COVID-19 pandemic, including the severity and duration of the associated economic slowdown either nationally or in our market areas and the effectiveness of vaccination programs, that are worse than expected; operational risks including, but not limited to, cybersecurity, fraud and natural disasters; the risk that the Company may not be successful in the implementation of its business strategy; changes in prevailing interest rates; credit risk management; asset-liability management; and other risks detailed in the "Cautionary Note Regarding Forward-Looking Statements," "Risk Factors" and other sections of the Registration Statement filed with the SEC. Any forward-looking statements presented herein are made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise, except as may be required by law.
Contact: Nicole Ulmer, IR@linkbancorp.com
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SOURCE LINKBANCORP, Inc. | https://www.mysuncoast.com/prnewswire/2022/09/07/linkbancorp-inc-launches-initial-public-offering-common-stock/ | 2022-09-07T16:31:48Z |
The foundation will award $30,000 in scholarships to students from various racial and ethnic backgrounds who are pursuing residency programs in physical therapy
PHOENIX, April 12, 2022 /PRNewswire/ -- Rizing Tide, a foundation dedicated to inspiring more racial diversity and inclusiveness in the physical therapy (PT) workforce, announced today the first cohort of recipients for the Surge scholarship program. Three physical therapy students entering a residency program were selected to receive partial scholarship awards to help cover their residency expenses.
Each student will receive a one-time payment, up to $10,000 each, to subsidize their tuition, room and board, and fees that occur during their residency program. The Surge scholarship recipients were selected based on academic performance, their potential to impact the physical therapy industry, personal character, and the recommendation of their peers. The applicants were evaluated by the Rizing Tide Beachcombers, an esteemed panel of diverse professionals in the PT industry.
"Rizing Tide seeks to broaden the reach, impact and accessibility of the physical therapy profession, and we are thrilled to award these Surge scholarships to help aid in that mission," said Dr. Heidi Jannenga, PT, DPT, ATC, founder of Rizing Tide. "Many PTs see residency programs as a path toward leadership and enter with residual student debt from acquiring their DPT. This is a huge burden, and even an obstacle to entry, for many BIPOC students looking to further their careers. We are excited to help alleviate some of that pressure so these talented future leaders can not only succeed, but be a force to be reckoned with in the physical therapy industry."
The 2022 Rizing Tide Foundation Surge scholarship recipients include:
- Stephon Moise, who holds a Doctorate of Physical Therapy from The University of Central Florida and attends the AdventHealth Orlando Orthopedic Residency Program
- Nanami Mano, who holds a Doctorate of Physical Therapy from Slippery Rock University of Pennsylvania and is a Geriatric Physical Therapy Resident at The University of Pittsburgh Medical Center
- Uzair Mohammed Hammad, who holds a Doctorate of Physical Therapy from The University of Central Florida and attends the University of Central Florida & Orlando Health Neurologic Residency program
"The selection committee is excited to award these recipients of the Surge scholarship who excel both academically and personally," said Efosa Guobadia, a Rizing Tide Beachcomber, CEO of FFITT Health, and co-founder of PT Day of Service. "We have no doubt that these three inspiring recipients will be a guiding beacon of change in the industry for years to come."
Rizing Tide is also excited to announce that applications for the 2022 Crest scholarship will open June 1, 2022. The Crest scholarship is awarded to PT students who identify as BIPOC and are pursuing a Doctorate of Physical Therapy degree. Applicants must be either undergraduate students who are going on to attend graduate school, first or second year PT students currently enrolled in an accredited PT program, or PTAs entering a bridge PT program. Each Crest scholarship awards up to $14,000 to each student—and may be renewed twice.
For more information on the Rizing Tide Foundation, including scholarship eligibility requirements, how to apply, and the selection process, visit: www.rizing-tide.com.
ABOUT RIZING TIDE:
Rizing Tide was founded in 2020 by Dr. Heidi Jannenga, PT, DPT, ATC, to help bridge the diversity gap in the physical therapy profession. She is the co-founder of WebPT and a physical therapist with more than 25 years of experience in the rehab therapy industry. The foundation awards yearly scholarships to BIPOC therapists and PT students in an effort to make a meaningful, generational impact on the industry. Learn more at www.rizing-tide.com.
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SOURCE Rizing Tide | https://www.mysuncoast.com/prnewswire/2022/04/12/rizing-tide-foundation-announces-inaugural-surge-scholarship-recipients/ | 2022-04-12T13:15:16Z |
- Psychedelic Fundamentals is the initial offering in the new MAPS Digital Learning program introducing learners to the most important aspects of psychedelic history, research, uses, and harm reduction
- The series of short, easy-to-follow modules is the perfect starting point for people trying to learn about psychedelics for the first time, but is also useful for psychedelic veterans looking to refine their knowledge
- "This is the drug training we should have all received as teenagers."
SAN JOSE, July 14, 2022 /PRNewswire/ -- The world's leading authority on psychedelics, the Multidisciplinary Association for Psychedelic Studies (MAPS), announced the launch of Psychedelic Fundamentals, an online psychedelic education program which provides people with accurate, evidence-based information about psychedelics. The educational curriculum, developed in collaboration with Interwoven and delivered over five modules, covers a range of topics including psychedelic history, science, clinical research, therapeutic uses, and harm reduction.
"Psychedelic Fundamentals is a program for everyone - even for people who may never take a psychedelic themselves. Within the next few years, millions of people may be eligible for a prescription of psychedelic-assisted therapy. Having access to a science-based educational curriculum, backed by MAPS' nearly four decades as the world leader in psychedelics, will give people shared language and knowledge to better care for loved ones who may be looking into these treatments."
Shirelle Noble, Director of Digital, MAPS
Psychedelic Fundamentals serves as a perfect launching point for those completely new to psychedelics and seeking the basic knowledge of how psychedelics work, their effects, and their history. This course is valuable to people who are curious about the use of psychedelics for therapeutic purposes for themselves or a loved one, and for people looking for up to date information about cutting-edge psychedelic research. Experienced psychedelic users will find this guide a useful resource with the latest on psychedelic policy, as well as harm reduction strategies to increase the likelihood of an "ideal" experience.
Since 1986, MAPS has endeavored to counteract the broad public misinformation disseminated over the decades of the War on Drugs. The gain in public interest in psychedelics has left many with a desire to learn more about the transformative potential of these substances, but there are limited resources for people looking for an authoritative curriculum.
"This is the drug training we should have all received as teenagers. It was not just about the different substances, but the benefits they can have, as well as how to integrate those experiences, and also some useful tips for how to be there for those in need while they are having them. So much valuable information in one place, with the awareness to tell users to be cautious and aware of what they are doing."
Proficient Psychedelic Fundamentals learner
The Psychedelic Fundamentals coursework is divided into modules including: Psychedelics & Non-Ordinary States of Consciousness, The Current State of Psychedelics, Psychedelic Brain Science 101, Comparing Psychedelic Substances, and Psychedelic Trip Planning & Harm Reduction. Each module contains a series of short, easy-to-follow lessons complimented by MAPS' new online community platform, where fellow learners and psychedelic advocates can connect.
The Psychedelic Fundamentals digital learning course is available for purchase on the MAPS website.
ABOUT MAPS
Founded in 1986, MAPS is a 501(c)(3) non-profit research and educational organization developing medical, legal, and cultural contexts for people to benefit from the careful uses of psychedelics and marijuana. MAPS is sponsoring the most advanced psychedelic therapy research in the world funded primarily by philanthropic donors and grantors who have given more than $130 million for research and education.
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SOURCE Multidisciplinary Association for Psychedelic Studies | https://www.wibw.com/prnewswire/2022/07/14/maps-launches-psychedelic-fundamentals-an-online-education-curriculum-leading-psychedelic-organization/ | 2022-07-14T19:06:10Z |
Providing design services as part of $1.5 billion water and wastewater capital program
Key projects to support future resilience of essential water and wastewater infrastructure
DALLAS, Aug. 24, 2022 /PRNewswire/ -- Jacobs (NYSE:J) has been selected as a design consultant for Northern Ireland Water's (NI Water) Major Project Partnership Framework, which will deliver large-scale water and wastewater projects across Northern Ireland.
The framework will deliver individual capital projects, including upgrades to major water and wastewater treatment plants, pumping stations and network mains. One of the first major projects to be delivered under the framework will be vital upgrades at Belfast Wastewater Treatment Works, expected to commence this year, to provide much needed additional and secure capacity. The framework will run for an initial four-year period, with the option to extend for an additional four years.
"Jacobs has supported clients in the U.K. with major water and wastewater solutions for decades and these NI Water projects will make a real difference to people's daily lives," said Jacobs People & Places Solutions Senior Vice President Europe Donald Morrison. "Together with our framework partners, we'll design resilient, sustainable infrastructure to provide essential water and sanitation services to communities and businesses in Northern Ireland."
NI Water provides water and sewerage services to approximately 840,000 households and businesses in Northern Ireland.
At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With $14 billion in revenue and a talent force of more than 55,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook, Instagram, LinkedIn and Twitter.
Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Statements made in this release that are not based on historical fact are forward-looking statements. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management's current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements. including, but not limited to, the timing of the award of projects and funding under the Infrastructure Investment and Jobs Act, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates, foreign currency exchange rates, changes in capital markets, geopolitical events and conflicts, and the impact of the COVID-19 pandemic, including the related reaction of governments on global and regional market conditions and the company's business, among others. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations in our most recently filed Annual Report on Form 10-K, ,and Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Item 1 - Legal Proceedings; and Item 1A - Risk Factors in our most recently filed Quarterly Report on Form 10-Q, as well as the company's other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.
For press/media inquiries:
Kerrie Sparks
214.583.8433
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SOURCE Jacobs | https://www.kxii.com/prnewswire/2022/08/24/jacobs-selected-northern-ireland-waters-major-project-partnership-framework/ | 2022-08-24T09:30:06Z |
DENVER, Sept. 13, 2022 /PRNewswire/ -- With today's announcement naming Kate Johnson as the incoming president and chief executive officer at Lumen Technologies (NYSE: LUMN), Chris Stansbury, EVP and chief financial officer, will be presenting at the Goldman Sachs Communacopia + Technology Conference on September 15. The presentation is scheduled to begin at 10:45 a.m. PT.
A live webcast link to the investor presentation will be made available on the Lumen Investor Relations website at https://ir.lumen.com/events-and-presentations.
About Lumen Technologies and the People of Lumen:
Lumen is guided by our belief that humanity is at its best when technology advances the way we live and work. With approximately 450,000 route fiber miles and serving customers in more than 60 countries, we deliver the fastest, most secure platform for applications and data to help businesses, government and communities deliver amazing experiences. Learn more about the Lumen network, edge cloud, security, communication and collaboration solutions and our purpose to further human progress through technology at news.lumen.com/home, LinkedIn: /lumentechnologies, Twitter: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies. Lumen and Lumen Technologies are registered trademarks in the United States.
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SOURCE Lumen Technologies, Inc. | https://www.kxii.com/prnewswire/2022/09/13/lumen-technologies-amends-executive-speaker-goldman-sachs-communacopia-technology-conference/ | 2022-09-13T18:44:35Z |
FBI adds ‘CryptoQueen’ to Ten Most Wanted list, offers $100K reward
(Gray News) - The FBI is offering a reward of up to $100,000 for information leading to the arrest of a woman known as the “CryptoQueen.”
The bureau added Ruja Ignatova to its list of the Ten Most Wanted fugitives Thursday.
Ignatova is accused of running what the FBI describes as a “massive fraud scheme” involving a Bulgarian-based virtual currency company called OneCoin, which Ignatova co-founded and allegedly used to scam more than $4 billion from cryptocurrency investors worldwide.
“Ignatova allegedly made false statements and representations about OneCoin to draw people to invest in OneCoin packages,” the FBI said in a news release. “According to investigators, Ignatova and her partner also promoted OneCoin through a multi-level marketing strategy that urged OneCoin investors to sell additional packages to friends and family.”
Special Agent Ronald Shimko said Ignatova targeted people “who may not have fully understood the ins and outs of cryptocurrencies but were moved by Ignatova’s impressive resume and the marketing strategies used by OneCoin,” according to the release.
Ignatova was charged Oct. 12, 2017, by the Southern District of New York and a federal warrant was issued for her arrest, but authorities said they believe she may have fled after being tipped off about the investigation.
The FBI said she traveled from Bulgaria to Greece on Oct. 25, 2017, and hasn’t been seen since.
Ignatova is wanted on several charges, including one count each of conspiracy to commit wire fraud, wire fraud, conspiracy to commit money laundering, conspiracy to commit securities fraud and securities fraud.
Anyone with information on Ignatova’s whereabouts is asked to call the FBI at 1-800-CALL-FBI or send a tip online at tips.fbi.gov.
The FBI believes there may also be more victims who haven’t been identified. Those victims are also encouraged to call the FBI at 1-800-CALL-FBI.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/06/30/fbi-adds-cryptoqueen-ten-most-wanted-list-offers-100k-reward/ | 2022-06-30T18:45:44Z |
PARIS, April 12, 2022 /PRNewswire/ -- Ekinops (Euronext Paris - FR0011466069 – EKI), a leading supplier of telecommunications solutions for telecom operators and businesses, has published its consolidated revenue for the first quarter of FY 2022 (January 1 - March 31, 2022).
SixSq has been consolidated since November 1, 2021.
Robust growth of almost +20% in Q1 2022
Ekinops reported Q1 2022 consolidated revenue of €27.8m, up by a very substantial +20% vs. Q1 2021 (+19% at constant scope).
At constant scope and exchange rates, revenue is up +16%, in line with the 2022 annual target for organic growth at least equal to that of 2021 (+12%).
All business lines show growth, with software and services up +64%
All the Group's businesses contributed to this solid quarterly performance. To be noted in particular the buoyancy of the Optical Transport activity which, in line with 2021, shows a strong increase over Q1 2022, thanks to the success of the 200 Gb/s and 400 Gb/s WDM systems.
Profiting from the strength of its Services activity, its SDN (Software Defined Networks) solutions, the network function virtualization solutions, and the contribution of SixSq's activities, revenue generated by software and services rose by +64% over the quarter.
The share of software and services continued to increase, and now accounts for 17% of the Group's quarterly revenue, versus 12% one year prior, and 14% for full year 2021.
Solid momentum of international sales: growth of +54% in North America
The quarter was marked by dynamic international growth of +34%. The share of international activity accounted for 67% of revenue in Q1 2022, an increase over Q1 2021 (60%) and stable vs. FY 2021.
In North America, which totals 18% of Group's sales, Ekinops achieved vigorous quarterly growth of +54% in Q1 2022 (+42% in US dollars). This performance is the result of an extremely solid increase in the activity of both Optical Transport and Access solutions.
EMEA (Europe - excl. France - Middle East & Africa) region, which represents 42% of the Group's activity, achieved growth of +21% for the quarter, underpinned largely by Optical Transport solutions, particularly in Germany.
After two years of severely impacted business environment by the pandemic, Asia-Pacific got back to a more sustained level of activity in H2 2021. Q1 2022 demonstrates the continuation of this trajectory with a substantial increase of +113% in quarterly sales. This rebound comes as a result of upbeat sales of Access products in the region. The arrival of an Australian operator, who chose Ekinops' Access solutions, into the Group's top 10 clients list illustrates the renewed vitality of this region.
Lastly, on its domestic market, the Group's activity remained virtually stable (-2%) in Q1 2022. It should be noted that Q1 2021 was marked by very sustained growth of +31% in France (activity stable over FY 2021).
2022 financial objectives confirmed
After an upbeat 2021, Ekinops has made an excellent start to 2022 with very robust demand. Nevertheless, the Group remains vigilant regarding the component crisis which should remain to the fore in the coming quarters.
The Group confirms its 2022 annual financial objectives:
- robust organic growth, at least equal to 2021 growth (+12%) and pushing towards +15%;
- gross margin of between 52% and 56%, in line with its long-term ambitions and factoring in the potential impact of the supply chain crisis on electronic components, which is still very much ongoing;
- EBITDA margin between 14% and 18%, integrating human and technological investments to execute the new growth plan.
Meanwhile, the Group is continuing to explore all acquisition opportunities that could create value for the company.
All press releases are published after Euronext Paris market close.
All press releases are published after the close of trading on Euronext Paris.
EKINOPS Contact
Didier Brédy
Chairman and CEO
contact@ekinops.com
Investors
Mathieu Omnes
Investor relation
Tel.: +33 (0)1 53 67 36 92
momnes@actus.fr
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SOURCE Ekinops | https://www.kxii.com/prnewswire/2022/04/12/ekinops-q1-2022-strong-demand-20-revenue-growth/ | 2022-04-12T16:41:36Z |
Modern home retailer reinforces values to create a foundation for the future
CHICAGO, Aug. 4, 2022 /PRNewswire/ -- Crate & Barrel Holdings Inc. (CBH) is advancing its sustainability and quality-tested goals through a combination of commitments and guiding values that prioritize the wellbeing of people and the planet. The company's goals focus on leading
Crate & Barrel, CB2, Crate & Kids, and Hudson Grace with corporate responsibility and responsible design at the forefront of everything from products and packaging, to people and social wellness.
"Our vision is to build a home with purpose in order to create happier and healthier communities for future generations. These goals represent our commitment to helping our people and the planet thrive while growing our business," said Janet Hayes, CEO of Crate & Barrel Holdings. "This is just the beginning; we are on a journey driven by passion, transparency and accountability at every turn, to leave the world a better place than we found it."
Three core goals for 2025 represent the first urgent commitments for CBH's product assortment:
- 60 percent Certified Preferred Fibers in our textiles assortment
- 50 percent FSC®-Certified furniture
- 100 percent GREENGUARD Gold Certified Crate & Kids furniture
Increased transparency for tracking and reporting progress across these commitments will also be implemented.
While this is just the beginning of CBH's refreshed sustainability journey, there are seven core values guiding the passionate pursuit of a more sustainable tomorrow that include substantive commitments in material sourcing, the use of recycled materials and circular solutions, transparency in supply chain, reducing emissions, uplifting employees, and providing transparency and security throughout the customer experience:
- Climate Neutrality: Setting climate targets and reducing our carbon footprint, from factories and facilities to the customer's doorstep.
- Sustainable Materials: Using more sustainably sourced materials in our products, including FSC®-certified wood, preferred fibers and recycled packaging.
- Ethical Supply Chain: Engaging and supporting suppliers in continuous social and environmental improvement.
- Circular Solutions: Exploring ways to replace single-use consumption with circular projects, operations and products.
- Empowered Employees: Empowering teams throughout the organization to shape innovative sustainability programs and put them into practice.
- Conscious Customers: Simplifying the customer experience to promote responsible shopping with clear labeling, third-party verification and sustainable products.
- Digital Responsibility: Improving privacy, security and data collection while using tech solutions, such as remote meetings, to reduce emissions.
About Crate & Barrel Holdings, Inc.
Global specialty retailer Crate & Barrel Holdings Inc. curates inspiration for the modern home, connecting the creative work of artisans and designers to people and places around the world. Known for high-quality products, exclusive designs and timeless style since 1962, Crate & Barrel Holdings Inc. includes lifestyle brands Crate & Barrel, CB2, Crate & Kids, and Hudson Grace. Today, the company is a member of the Otto Group and operates over 100 Crate & Barrel, CB2 and Hudson Grace stores throughout the U.S. and Canada, with franchise locations in nine countries. More than 200 million customers visit the Company's stores and websites each year. To learn more, visit www.crateandbarrel.com.
SOURCE Crate and Barrel Holdings, Inc. | https://www.kxii.com/prnewswire/2022/08/04/crate-amp-barrel-holdings-announces-holistic-sustainability-commitments/ | 2022-08-04T18:42:35Z |
The Wear 'Em Out Store will offer exclusive pricing on collectible kicks to those who wear them out of the store
LOS ANGELES, May 20, 2022 /PRNewswire/ -- eBay, known for its unmatched inventory of new and pre-owned sneakers, is setting up shop in Los Angeles with a store that rewards sneakerheads for actually wearing their new kicks out of the store. Open Memorial Day weekend on Fairfax Avenue, the Wear 'Em Out Store will feature some of the most exclusive and coveted sneaker styles for up to 70% off today's market price, with lower prices for shoppers who literally wear their purchases out the door.
"Most people can identify with that feeling of getting a new pair of shoes that you love so much, you just HAVE to wear them out of the store," said Garry Thaniel, GM of Sneakers at eBay. "The Wear 'Em Out Store celebrates a love of sneakers, while acknowledging that sneakerheads are often balancing what they wear with what they keep in the box. eBay is the place to find every style and every price, and now we're offering an incentive to lace up the most coveted sneakers of the summer."
According to a recent survey of 1,000+ sneakerheads, commissioned by eBay, the majority of respondents said they wear less than half of their collections. The Wear 'Em Out Store is designed to help sneakerheads live in the moment and encourages them to show off their favorite styles, on their feet this summer.
Known for wearing some of the most coveted kicks from his extensive and exclusive collection, eBay enlisted award-winning international musician, businessman and fashion icon Offset, to help curate the Wear 'Em Out Store's offering – using his years of sneaker collecting to determine what collectible kicks enthusiasts would most want to un-deadstock.
"eBay is my go-to place to find the kicks you can't find anywhere else," said rapper Offset. "For sneaker collectors like me who lay awake at night trying to decide if you're going to wear your new kicks, eBay's Wear 'Em Out Store makes light of something that haunts the entire sneaker community and gives people a new way to access the shoes they want for summer."
At Sneaker Con Anaheim this weekend, eBay will give attendees an exclusive preview of the Wear 'Em Out Store – including several of the styles that will be unveiled on Fairfax, like the Jordan 1 Retro High OG Patent Bred or Yeezy Boost 700 Wave Runner. The store will feature a selection of the season's most coveted styles, including new releases that would normally only be available at deadstock prices.
Stay tuned to @ebaysneakers on Twitter and Instagram to learn more about eBay's Wear 'Em Out Store and unparalleled sneaker offering.
Event Details:
- The Wear 'Em Out Preview | Sneaker Con Anaheim, May 21 - 22
The weekend prior to Memorial Day at eBay's Sneaker Con Anaheim, a custom display of notable sneaker styles will reveal the "Wear 'Em Out" inventory – offering attendees a preview of the expert-picked pairs available to shop the following week. - The Wear 'Em Out Store | 455 N Fairfax, Los Angeles, May 27 - 29
Through Memorial Day weekend, eBay invites sneakerheads in the Los Angeles area to visit the store, shop styles such as the Jordan 1 Retro High OG Patent Bred or Yeezy Boost 700 Wave Runner, and purchase at up to 70% off.
About eBay Sneakers
- As the original sneaker resale marketplace, eBay has long been the go-to destination for shoppers to find the highly coveted, authentic kicks they are looking for, with 14 pairs of sneakers sold every minute.
- With trusted services like Authenticity Guarantee, low seller fees, eBay 3D true view and money back guarantee, eBay gives shoppers confidence with every sneaker purchase.
- Authenticity Guarantee has significantly changed the way people buy and sell sneakers on eBay, bringing an added layer of trust to every transaction, and as evidenced by quarter over quarter category growth. Since its launch, more than 2 million sneakers have been authenticated globally.
About eBay
eBay Inc. (Nasdaq: EBAY) is a global commerce leader that connects people and builds communities to create economic opportunity for all. Our technology empowers millions of buyers and sellers in more than 190 markets around the world, providing everyone the opportunity to grow and thrive. Founded in 1995 in San Jose, California, eBay is one of the world's largest and most vibrant marketplaces for discovering great value and unique selection. In 2021, eBay enabled over $87 billion of gross merchandise volume. For more information about the company and its global portfolio of online brands, visit www.ebayinc.com.
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SOURCE eBay Inc. | https://www.mysuncoast.com/prnewswire/2022/05/20/ebay-opens-first-ever-sneaker-store-that-rewards-sneakerheads-wearing-their-kicks/ | 2022-05-20T14:21:49Z |
NEW YORK, June 29, 2022 /PRNewswire/ -- Less than half of mid-market CEOs have returned to the office full-time and about a quarter plan to work a hybrid schedule indefinitely, according to the latest CEO survey from Marcum LLP and Hofstra University's Frank G. Zarb School of Business.
The survey, conducted in mid-June, found that 48% of CEOs reported working in the office five days-a-week, while about 10 percent continue to work entirely from home. About a third – 32 percent – are back in the office three days each week or less.
Even as many employers increasingly seek to bring employees back to the office, the Marcum-Hofstra survey shows that the trend toward permanent remote work, particularly hybrid schedules, is being embraced by mid-market CEOs. For example, 77 percent of mid-market CEOs provide their employees a part-time remote option, and two-thirds expect that to continue for the foreseeable future.
While some CEOs cited COVID-19 concerns, many more said they prefer a hybrid schedule because they believe it increases productivity, while reducing commuting time and costs and providing better work-life balance.
"Whether it is COVID concerns or the impact of inflation and gas prices, it seems clear that remote work, and a hybrid schedule in particular, is the sweet spot for many CEOs and businesses," said K.G. Viswanathan, interim dean of the Zarb School. "The specific reasons may change over time, but I believe this reflects a fundamental change in how Americans view work in the broader context of their lives."
After remaining steady through the first half of 2022, CEOs' economic outlook took a dive in the two months since the last Marcum-Hofstra survey.
The percentage of CEOs who rated their business outlook at an "8" or higher declined 10 points between April and June, to 34 percent. Those rating their outlook at a "5" or higher was down 9 points, to 74 percent.
CEO optimism took the biggest hit in the construction, financial institutions and services, healthcare and professional services industries. For example, just 11 percent of mid-market CEOs in the financial services industry rated their confidence at an "8" or higher, compared to 50 percent just two months ago.
"It is clear that the full-time, office-based work model has become a thing of the past and that CEOs as a whole are reimagining how their workforces should be structured. At the same time, they are having to adjust their business planning strategies in order to accommodate an increasingly dire economic outlook. This is an extremely challenging environment in which to plan, and it will require resilience and flexibility in order to determine how to deploy both human and financial resources most effectively," said Jeffrey M. Weiner, Marcum's chairman & chief executive officer.
A large majority of CEOs (86%) said that the price of gas has had a direct impact on their companies, both on the cost of doing business and as a major contributor to employees' reluctance to return to the office. About 29 percent said rising gas prices have eaten into their companies' revenue.
Just under two-thirds (62%) of CEOs said that COVID-19 remains a factor in their business planning, from supply chain problems to staffing issues, because employees contract the virus.
What CEOs said about how COVID-19 continues to impact their planning:
- "Employees and clients are still somewhat reluctant to have face-to-face meetings, which impacts revenue."
- "Having to work around situations where employees become infected and/or customers have different procedures for dealing with the issue. We have to adjust our work practices to match theirs."
- "The swings in infection rates make in-person staffing very challenging. We've had to cut operating hours due to staff availability."
Among CEOs who are still doing some remote work, just 10 percent said they have definitive plans to return to the office full-time. Another approximately 16 percent said they intend to go back to the office but are not sure when.
What CEOs said about why they elect to work remotely:
- "Convenience, lifestyle, peace of mind."
- "Cut down on gas prices, as well as trying to keep employees safe."
- "Easier, less stressful, more time with family."
- "I'm more productive when working from home."
The Marcum-Hofstra CEO Survey is a periodic gauge of mid-market CEOs' outlook and their priorities for the next 12 months. The survey polls the leaders of companies with revenues ranging from $5 million to $1 billion-plus. The latest survey interviewed 254 mid-market CEOs.
It is conducted as part of the Zarb School of Business MBA curriculum, and developed and analyzed by Hofstra MBA students led by Dr. Andrew Forman, associate professor of international business and marketing, in partnership with Marcum.
"The Marcum-Hofstra CEO survey reveals that CEOs and their employees are undergoing a profound shift in where and how they work," Forman said. "For students, these findings are instructive in portraying the importance of adaptability and resilience as essential traits for future business leaders."
Marcum LLP is a top-ranked national accounting and advisory firm dedicated to helping entrepreneurial, middle-market companies and high net worth individuals achieve their goals. Marcum's industry-focused practices offer deep insight and specialized services to privately held and publicly registered companies, and nonprofit and social sector organizations. Through the Marcum Group, the Firm also provides a full complement of technology, wealth management, and executive search and staffing services. Headquartered in New York City, Marcum has offices in major business markets across the U.S. and select international locations. #AskMarcum. Visit www.marcumllp.com for more information about how Marcum can help.
Hofstra University's Frank G. Zarb School of Business prepares students to become tomorrow's global leaders. Located just 25 miles from New York City, Zarb students have access to internships and networking opportunities across every industry. The Zarb School combines entrepreneurial, hands-on learning and research with real-world experience and mentorship in state-of-the-art facilities, including a Behavioral Research in Business Lab, Center for Entrepreneurship, and academic trading room. Our undergraduate and graduate programs in accounting, management and entrepreneurship, marketing and international business, finance, and business analytics are ranked and recognized by US News & World Report, Princeton Review, Pets & Quants and Fortune Magazine.
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SOURCE Marcum LLP | https://www.kxii.com/prnewswire/2022/06/29/less-than-half-ceos-are-back-office-full-time-ceo-economic-outlook-plummets/ | 2022-06-29T13:53:01Z |
Did you lose money on investments in Digital Turbine? If so, please visit Digital Turbine, Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com to discuss your rights.
NEW YORK, June 7, 2022 /PRNewswire/ -- Bernstein Liebhard LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired the securities of Digital Turbine, Inc. ("Digital Turbine" or the "Company") (NASDAQ: APPS) between August 9, 2021 and May 17, 2022, inclusive (the "Class Period"). The lawsuit was filed in the United States District Court for the Western District of Texas and alleges violations of the Securities Exchange Act of 1934.
Digital Turbine is a software company that delivers products to assist third parties in monetizing through the utilization of mobile advertising. The Company completed the acquisitions of AdColony Holdings AS ("AdColony") and Fyber N.V. ("Fyber") on April 29 and May 25, 2021, respectively.
Plaintiff alleges that Defendants made materially false and misleading statements throughout the Class Period. Specifically, Defendants failed to disclose to investors that: (1) the Company's recent acquisitions, AdColony and Fyber, act as agents in certain of their respective product lines; (2) as a result, revenues for those product lines must be reported net of license fees and revenue share, rather than on a gross basis; (3) the Company's internal control over financial reporting as to revenue recognition was deficient; and (4) as a result of the foregoing, the Company's net revenues were overstated throughout fiscal 2022.
On May 17, 2022, Digital Turbine issued a press release revealing that it will "restate its financial statements for the interim periods ended June 30, 2021, September 30, 2021, and December 31, 2021, following a review of the presentation of revenue net of license fees and revenue share for the Company's recently acquired businesses."
On this news, the Company's shares fell $1.93 to close at $25.28 per share on May 18, 2022.
If you wish to serve as lead plaintiff, you must move the Court no later than August 5, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
If you purchased APPS securities, and/or would like to discuss your legal rights and options please visit Digital Turbine, Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.
ATTORNEY ADVERTISING. © 2022 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Peter Allocco
Bernstein Liebhard LLP
https://www.bernlieb.com
(212) 951-2030
pallocco@bernlieb.com
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SOURCE Bernstein Liebhard LLP | https://www.kxii.com/prnewswire/2022/06/07/digital-turbine-inc-nasdaq-apps-shareholder-class-action-alert-bernstein-liebhard-llp-announces-that-securities-class-action-lawsuit-has-been-filed-against-digital-turbine-inc-nasdaq-apps/ | 2022-06-07T23:52:42Z |
ST. PETERSBURG, Fla. (AP) — Florida Gov. Ron DeSantis wants a federal judge to throw out a free speech lawsuit filed by a Democratic prosecutor he suspended from office over statements about not pursuing criminal charges in abortion, transgender rights and certain low-level cases.
The Republican governor told U.S. District Judge Robert Hinkle of Tallahassee in a filing late Friday that Andrew Warren — removed last month as elected state attorney in Hillsborough County, which includes Tampa — cannot claim First Amendment protection for his comments on how he would handle these hot-button political issues.
“Mr. Warren had no First Amendment right, as a public official, to declare that he would not perform his duties under Florida law,” state Solicitor General Henry C. Whitaker wrote in the 39-page filing for DeSantis.
Warren, first elected in 2016 and re-elected in 2020, claimed in his lawsuit filed Aug. 17 that the governor is overturning the will of the people who put him in office and that his suspension is based solely on his statements and not on any actual prosecutorial decisions.
Warren said the governor’s dismissal motion misses the mark. His lawsuit ultimately seeks his reinstatement as state attorney.
“This is a poor defense of an indefensible abuse of power. The fact that taxpayers continue to foot the bill for this makes it even more shameful,” Warren said in an email statement.
Hinkle has scheduled a Sept. 19 hearing in Tallahassee to hear arguments in the Warren lawsuit. The GOP-dominated state Senate, which has authority to affirm or rescind the prosecutor’s suspension, is holding off its proceedings until the court challenge is settled.
The case comes as DeSantis seeks re-election in November against Democrat Charlie Crist, who has made abortion rights a cornerstone of his campaign. DeSantis is also widely considered a candidate for the 2024 Republican presidential nomination.
When Warren was removed from office Aug. 4, DeSantis accused the prosecutor of incompetence and neglect of duty. The governor cited joint statements Warren signed with prosecutors across the country pledging not to prosecute people who seek, provide or support abortions or to criminalize gender-affirming health care or transgender people.
The governor also contended that Warren was improperly seeking to “pick and choose” which laws to enforce, such as a policy against going after some low-level crimes such those found when police stop a pedestrian or bicyclist — known locally as charges stemming from “biking while Black.”
In the dismissal motion, DeSantis argues that Warren has no justification to bring a free speech claim because he was not simply stating opinions but taking official prosecutorial positions — which Warren rejects — and that federal court is not the place to settle it.
“At bottom, this case does not warrant federal court intervention in a quintessentially state matter: the governor’s constitutional duty to take care that the laws be faithfully executed, and the state’s constitutional process for removing wayward officials who refuse to faithfully execute those laws,” the governor’s motion says.
DeSantis appointed former Hillsborough County Judge Susan Lopez to replace Warren as state attorney. She was previously appointed to the bench by DeSantis in 2021.
Warren has received support for his lawsuit through “friend of court” briefs filed by a number of legal scholars and by members of the state Constitution Revision Commission. | https://cw33.com/news/politics/ap-politics/ap-desantis-seeks-dismissal-of-suit-by-suspended-prosecutor/ | 2022-09-03T18:18:22Z |
NEW YORK, May 16, 2022 /PRNewswire/ -- Attention Riskified Ltd. ("Riskified Ltd.") (NYSE: RSKD) shareholders:
The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors. This lawsuit is on behalf of all persons or entities who purchased Riskified Class A ordinary shares in or traceable to the Company's July 2021 initial public offering.
If you suffered a loss on your investment in Riskified Ltd., contact us about potential recovery by using the link below. There is no cost or obligation to you.
ABOUT THE ACTION: The class action against Riskified Ltd. includes allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (i) as Riskified expanded its user base, the quality of Riskified's machine learning platform had deteriorated (rather than improved as represented in documents issued in connection with the July 2021 initial public offering), because of, among other things, inaccuracies in the algorithms associated with onboarding new merchants and entering new geographies and industries; (ii) Riskified had expanded its customer base into industries with relatively high rates of fraud – including partnerships with cryptocurrency and remittance business – in which Riskified had limited experience and that this expansion has negatively impacted the effectiveness of Riskified's machine learning platform; (iii) as a result, Riskified was suffering from materially higher chargebacks and cost of revenue and depressed gross profits and gross profit margins during its third fiscal quarter of 2021; and (iv) thus, the representations in documents issued in connection with the July 2021 initial public offering regarding Riskified's historical financial and operational metrics and purported market opportunities did not accurately reflect the actual business, operations, and financial results and trajectory of Riskified prior to and at the time of the July 2021 initial public offering, and were materially false and misleading, and lacked a factual basis.
DEADLINE: July 1, 2022
Aggrieved Riskified Ltd. investors only have until July 1, 2022 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent Wong | https://www.wibw.com/prnewswire/2022/05/16/class-action-alert-law-offices-vincent-wong-remind-riskified-ltd-investors-lead-plaintiff-deadline-july-1-2022/ | 2022-05-16T10:07:47Z |
LEAWOOD, Kan., Aug. 18, 2022 /PRNewswire/ -- Torch.AI, pioneers of data infrastructure AI, announced today a partnership with Vertosoft to accelerate the adoption of next-generation artificial intelligence (AI) and data infrastructure software capabilities across the U.S. Government.
Torch.AI, already supporting some of the world's most important organizations, has re-imagined how organizations use and extract value from data. The company's software is quickly becoming the AI ecosystem and data infrastructure standard, introducing a new way for teams to increase productivity, prioritize resources, and bridge data silos by accessing and correlating mission-critical information.
Torch.AI's role in the partnership will be to propel the adoption and delivery of new data infrastructures powered by AI to government agencies seeking an innovative response to complex data challenges. Torch's solutions will complement Vertosoft's strong portfolio of enabling technology partners in DOD agencies, such as the U.S. Army and U.S. Air Force, and further extend reach to Vertosoft's vast 100+ organization network across the greater DOD and Civilian space.
As a leading emerging technology distributor, Vertosoft is focused on bringing innovative and emerging technologies to the public sector. With dozens of contract vehicles and government-wide acquisition contracts, Vertosoft simplifies government procurement. The partnership with Torch.AI will enable Vertosoft to bring critically important data and AI capabilities to every level of government.
"We're excited to build on our momentum in the government space and continue powering mission-critical decisions and operational capabilities with our data infrastructure AI solutions," says Bobby Butler, Director of Partner Success at Torch.AI. "We see Vertosoft as a key component of our public sector strategy and plan to leverage their experience in bringing technology to the government market."
"We continue to hear from public sector customers across the U.S. Federal, State, and Local markets that they're consistently looking to integrate more diverse datasets into their decision-making process and have systematically struggled in doing so," says Josh Slattery, Vice President of Technology Sales at Vertosoft. "Vertosoft is thrilled to partner with Torch.AI to help bridge the gaps and turn AI into a reality for our public sector customers."
Torch.AI, the Data Infrastructure AI Pioneers, are headquartered in Kansas City with offices in Washington, DC. The company developed the use of AI to process data in-flight, radically evolving analytic and operational capabilities in any IT environment. Torch.AI's products and people are currently actively supporting operations in industries including financial services, construction and engineering, healthcare, and the US Department of Defense, US Department of Homeland Security, and other agencies.
To learn more about the company, visit Torch.AI.
Established in 2016, Vertosoft accelerates the adoption of innovative and emerging technology within the government. We bring the flexibility, agility, and responsiveness of a small company with the experience of a large organization. With our clear focus on emerging technology growth in government, Vertosoft is uniquely positioned to reduce complexity and provide scalable, cloud-ready technology solutions that enable government agencies to deliver smarter, client-centric digital transformations.
Media Contact:
hello@torch.ai
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SOURCE Torch.AI | https://www.kxii.com/prnewswire/2022/08/18/torchai-amp-vertosoft-join-forces-optimize-data-infrastructure-with-ai-100-new-customers-across-us-government/ | 2022-08-18T11:52:25Z |
BOSTON, Aug. 2, 2022 /PRNewswire/ -- Ariadne Labs, in collaboration with CaroNova, a health innovation incubator for the Carolinas, recently concluded the first phase of the Home Hospital Early Adopters Accelerator to support health care systems to further develop their own home hospital programs. Through this 40-week program, a total of 91 representatives from 18 health systems in the U.S. and South Africa joined in an agile fused network to rapidly design 20 tools to support successful home hospital programs.
In November 2020, the Centers for Medicaid and Medicare Services expanded their Hospital Without Walls initiative to include the Acute Hospital Care at Home Waiver. Since then, many hospitals and health systems across the United States have been working to expand their services to treat acutely ill patients in the home. Home hospital programs have been shown to have numerous benefits, including lower costs and readmission rates, yet successfully developing and launching these programs can be challenging.
With pro bono support from Scrum Inc., Accelerator participants used the Scrum agile project management framework to collaborate, design, and develop the tools needed to address the common needs and challenges early adopters face as they implement new home hospital programs. Tools developed include criteria for identifying which patients are eligible for home hospital services, workflows for admissions, IV medications, and escalation, and solutions for software, food services, and oxygen use, among others. The health systems involved in the accelerator will now apply these tools to their own efforts to create or expand their home hospital program.
The Accelerator was led by David Levine, MD, MPH, a practicing general internist and investigator at Brigham and Women's Hospital and Harvard Medical School, associate faculty at Ariadne Labs, and an internationally recognized leader in home hospital. He is the head of Ariadne's Home Hospital initiative, which seeks to generate and disseminate the evidence to deliver advanced care at home so that patients can stay at home no matter their health concerns.
"Studies have shown that home hospital care translates to less readmission, better experience, and improved physical activity for patients, not to mention capacity creation for strained hospitals," said Levine. "With the tools that the Accelerator has developed over the last 40 weeks, I am excited to see these agile institutions deliver acute care at home with precision."
"Through participation in the Accelerator, hospitals and health systems across the Carolinas are now better equipped to launch their home hospital programs," said Jai Kumar, MPH, Senior Director of Program Design at CaroNova. "I look forward to seeing the incredible progress made in these 40 weeks translated into improved care for patients across our region."
The hospitals and health systems participating in the Accelerator include:
- CaroMont Health
- Cape Fear Valley
- Carteret Health Care
- Discovery Health
- H. Lee Moffitt Cancer Center & Research Institute
- Healing Hands Healthcare
- McLeod Health
- Medical University of South Carolina Health Charleston
- Novant Health
- Roper Saint Francis Healthcare
- Scotland Healthcare
- Sentara Healthcare
- The MetroHealth System
- UNC Health
- Vanderbilt University Medical Center
- Tidelands Waccamaw Community Hospital
- WakeMed Health and Hospitals
- Wentworth-Douglass Hospital
Ariadne Labs is a joint center for health systems innovation at Brigham and Women's Hospital and the Harvard T.H. Chan School of Public Health. With a mission to save lives and reduce suffering, our vision is that health systems equitably deliver the best possible care for every patient, everywhere, every time. We use human centered design, health systems implementation science, public health expertise, and frontline clinical care experience to design, test and spread scalable systems-level solutions to some of health care's biggest problems. From developing checklists and conversation guides to fostering international collaborations and establishing global standards of measurement, our work has been accessed in more than 165 countries, touching hundreds of millions of lives.
Media Contact:
Brigid Tsai
Email: btsai@ariadnelabs.org
CaroNova is a bi-state team established through a partnership among The Duke Endowment, the North Carolina Healthcare Association, and the South Carolina Hospital Association. CaroNova engages with critical stakeholders to effect positive change in health across North and South Carolina. Acting as a connector of people and ideas for the two states, CaroNova addresses common areas of need by supporting promising new practices and developing business models to scale and sustain what works for systemic change. The name CaroNova translates to creating a new vision (Nova) of health for the Carolinas (Caro). Please visit CaroNova.org to learn more.
Media Contact:
Jill Armbruster
Email: jill@CaroNova.org
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SOURCE Ariadne Labs | https://www.kxii.com/prnewswire/2022/08/02/ariadne-labs-caronova-bring-together-18-health-systems-develop-tools-accelerate-home-hospital/ | 2022-08-02T22:26:53Z |
DAVOS, Switzerland (AP) — The president of the next U.N. climate change conference in Egypt says the event will push countries to make good on their pledges to sharply reduce greenhouse gas emissions, facilitate talks on compensating developing countries for global warming effects and allow climate activists to protest.
In an interview Monday with The Associated Press at the World Economic Forum gathering in Davos, Switzerland, Egyptian Foreign Minister Sameh Shoukry says the overall goal is “implementation.”
Shoukry said a rapid shift to renewable energies presented enormous opportunities for investors. When asked whether fossil fuel companies could or should be part of the transition to renewable energies, an argument made by oil and gas companies, Shoukry disagreed.
He says fossil fuels have been the problem, though “we might see in gas a transitional source of energy with certainly less emissions.” But he said the focus should be quickly moving to a “net zero” goal.
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The outlook for the U.S. economy is unusually cloudy as war rages in Ukraine, commodity prices surge and the Federal Reserve embarks on a tricky campaign to tame inflation with higher interest rates.
Panelists said during a World Economic Forum panel Monday in Davos that the uncertainty is rattling financial markets and complicating investment decisions for businesses.
Adena Friedman, president of the NASDAQ stock exchange company, says “a selling decision is much easier than a buying decision” for investors who can’t see where things are headed.
Friedman said the U.S. Federal Reserve faces a difficult job raising rates enough to tame the highest inflation in four decades without tipping the economy into a recession.
Harvard University’s Jason Furman, top economic adviser in the Obama White House, sounded cautiously optimistic that the United States could escape recession over the next year. That is partly because the job market has been strong and households still have plenty of savings — even though Americans complain bitterly about surging inflation.
He says most people have jobs but “what matters to them is that they’re getting a once-in-a-generation pay cut’’ because wage hikes are falling behind rising prices.
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The managing director of the International Monetary Fund says a global recession isn’t in the cards but “it doesn’t mean it’s out of the question.”
Speaking Monday at the World Economic Forum’s annual gathering, Kristalina Georgieva reminded the audience that the IMF is forecasting 3.6% growth for 2022, which is “a long way to global recession.”
A moderator opened a discussion about the global economy by asking the audience if they thought there was a chance of a recession. Most of the crowd of about 100 put their hands up.
Georgieva says the global outlook was “a little bit like the weather here in Davos — the horizon has darkened.”
She says it’s going to be a “tough year” and that one of the big problems is surging food prices, partly fueled by the Russia-Ukraine war.
Georgieva listed a host of other challenges, including rising interest rates, inflation, the strengthening dollar, a slowdown in China, the climate crisis and a recent “rough spot” for cryptocurrencies.
Other speakers on the panel debated whether Europe would fall into recession after the European Central Bank signaled that it would start tightening monetary policy.
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The director of the Center for Oceans Solutions at Stanford University has called for the integration of ‘blue foods’ — a shorthand for fisheries and other aquatic products — into the global food system.
“Blue foods are an important part of the food system but generally ignored in global discussions and the future of food,” said Jim Leape. “The core challenge is to bring blue foods on to the main table as vital part of economic planning and recognize that most blue foods are produced by artisanal fishers and be sensitive and considerate of their daily challenges.”
Speaking at a panel on blue foods and responding to a question on producing aquatic foods sustainably, Leape called for a change on the perception of blue foods as they offer nutritious alternatives.
Ecuadorian environment minister Gustavo Manrique Miranda outlined measures his country was taking to promote blue foods, marine biodiversity, climate smart aquaculture and responsible tourism around the expanded Galapagos Marine Park.
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The ruler of Qatar has called out double standards in the West while evoking the killing of a Palestinian-American journalist during an Israeli raid this month.
Sheikh Tamim bin Hamad Al Thani said during a speech at the World Economic Forum on Monday that “we should not accept a world where governments have double standards about the value of people based on their region, race or religion.”
He added: “We consider the value of each European life to be just as precious as someone from our region.”
Al Jazeera, which is headquartered in Qatar and was started by Sheikh Tamim’s father in the 1990s, says Israeli gunfire killed its longtime correspondent Shireen Abu Akleh on May 11.
Israel says she may have been shot by its forces but maintains it cannot be certain without further forensic evidence.
Sheikh Tamim called on the world’s political and business elites gathered in Davos to give as much attention as they are to Ukraine to resolving all forgotten or ignored conflicts.
He said “the most glaring example is in Palestine” and prays “the world wakes up to the injustice and violence and finally acts.”
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Governments need to “make it worth the while for private industry” to invest large sums into carbon dioxide removal technologies, a top US Government advisor on clean energy and climate change policy said.
“(Governments) can do this through tax incentives…you can do this through public procurement. There’s a range of ways to make it worth private industries while,” said Varun Sivaram, the senior director for clean energy and innovation for the US department of state.
The most recent report by the United Nation’s Intergovernmental Panel on Climate Change estimates that the deployment of carbon capture removal technologies is far behind what’s needed to meet internationally set warming targets.
“We need a scale up of a factor of 1 million to get to where we need to go. And that means that by 2050, this (carbon dioxide removal technology) needs to be the size of the oil and gas industry,” said Christian Mumenthaler, the group chief executive officer of insurance group Swiss Re.
Nili Gilbert, the vice chair of carbon removal investment company Carbon Direct, said “the enormous scale of the opportunity…captures the imagination of finance” and encouraged significant participation from the financial industry.
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The head of the International Energy Agency is urging countries and investors not to use Russia’s invasion of Ukraine as a reason to increase fossil fuel investments.
Speaking on an energy panel Monday at the World Economic Forum in Davos, Switzerland, Fatih Birol said the immediate response to energy shocks from the war should be an increase of oil and gas on the market. But that did not mean large and sustained investments in fossil fuels.
Instead, he says efficiencies, such as reducing leaked methane and even lowering thermostats by a few degrees this winter in Europe, would help ensure adequate energy supply.
Russia is a major supplier of oil and natural gas, with the invasion sending European countries scrambling to reduce their reliance on Moscow.
Occidental Petroleum CEO Vicki Hollub countered that oil and gas industries had a central role to play in the transition to renewable energy. She says the focus should be on making fossil fuels cleaner by reducing emissions.
Hollub says Occidental had invested heavily in wind and solar energy and planned to build the world’s largest direct air capture facility in the Permian Basin, spanning parts of Texas and New Mexico. Direct air capture is a process that pulls carbon dioxide out of the air and sequesters it.
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The mayor of Kyiv, Ukraine, told business executives and government leaders gathered for meetings in Davos that his country is defending democratic values and human life.
Vitali Klitschko pointed to the audience during a World Economic Forum panel Monday with his brother, Wladimir, and said, “We are defending you personally.”
He said “we are fighting, first of all, for values” and to be part of the democratic world. He called on those listening “to be proactive because we pay for that — biggest prize human lives every day.”
He says Ukraine needs weapons and political and economic support.
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The head of the U.N.’s World Food Program is telling billionaires it’s “time to step up” amid the threat of rising food insecurity worldwide and says he’s seen encouraging signs that uber-tycoons like Elon Musk and Jeff Bezos are getting into the action.
WFP Executive Director David Beasley built upon a social-media standoff of sorts that he had with Musk last year, when the Tesla CEO challenged policy advocates to show how a $6 billion donation sought by the U.N. agency could solve world hunger.
Since then, Beasley told The Associated Press at the World Economic Forum gathering in Davos, Switzerland, that “Musk put $6 billion into a foundation. But everybody thought it came to us, but we ain’t gotten any of it yet. So I’m hopeful.”
He said of Musk: “We’re trying every angle, you know: Elon, we need your help, brother.”
Beasley said that message was for every billionaire because “the world is in real serious trouble. This is not rhetoric and B.S. Step up now, because the world needs you.”
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Ukrainian President Volodymyr Zelenskyy says in a virtual speech at the World Economic Forum gathering that his country needs funding of at least $5 billion a month to rebuild.
He said Monday at the gathering of business elites and government officials in the Swiss town of Davos that tens of thousands of lives would have been saved “if we would have received 100% of our needs at once, back in February.”
He was referring to weapons, funding, political support and sanctions against Russia.
Zelenskyy also said Russia was blocking critical food supplies, such as wheat and sunflower oil, from leaving its ports and stealing some.
The head of U.N.’s World Food Program called for the ports to reopen, saying the region’s farmers “grow enough food to feed 400 million people.”
If such supplies remain off the market, WFP Executive Director David Beasley told The Associated Press in Davos that the world could face a food availability problem in the next 10 to 12 months, and “that is going to be hell on earth.”
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Ukrainian President Volodymyr Zelenskyy is calling for “maximum” sanctions against Russia during a virtual speech at the World Economic Forum gathering.
He says in a virtual speech Monday that sanctions need to go further to stop Russia’s aggression, including an oil embargo, all of its banks blocked and cutting off trade with Russia completely.
Zelenskyy says his country has slowed Russian advances and his people’s courage has stirred unseen unity of the democratic world.
He pushed for the complete withdrawal of foreign companies to prevent supporting its war.
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The founder of the World Economic Forum says Russia’s war in Ukraine as well as climate change and the global economy are key issues at the gathering of business elites and government leaders in Davos, Switzerland.
Klaus Schwab said Monday in welcoming remarks that “this war is really a turning point of history and it will reshape our political and our economic landscape in the coming years.”
But also says the world is at “the tail-end of the most serious health catastrophe of the last hundred years — COVID-19.”
Schwab added that climate change and preserving nature is something to urgently address and that concerns about high inflation will affect how to look at the future of the global economy. He pointed to fears of people plunged into poverty and dying of hunger.
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The head of chipmaker Intel says a shortage of advanced equipment to make semiconductors could hold up global expansion plans.
CEO Pat Gelsinger said Monday that there have been “quite significant extensions” in delivery times for chipmaking gear for new chip factories, known as “fabs,” that the company plans to build in the U.S. and Europe.
Gelsinger said at a press roundtable on the sidelines of the World Economic Forum that “to us, this is now the No. 1 issue, is in fact the delivery of equipment.”
A handful of suppliers make high-tech semiconductor manufacturing gear, such as Dutch company ASML. A shortage of semiconductors that erupted last year hurt the availability of everything from autos to kitchen appliances and highlighted the industry’s vulnerability to manufacturing centered in Asia.
Intel announced tens of billions of investment in new chipmaking facilities for Europe, including a new fab mega site in Germany and expansion in Ireland. In January, it announced a plan for a $20 billion plant in Ohio.
Gelsinger said supply of chipmaking equipment is “the most important pinch point to the build-out of capacity today.”
He added that he’s urging authorities in the U.S. and Europe, which have each launched their own “Chips Act” to promote national semiconductor manufacturing, to speed up the legislation.
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The World Economic Forum’s annual meeting has kicked off Monday in Davos, Switzerland.
The village in the Swiss Alps has been transformed into a glitzy venue for the four-day confab ostensibly dedicated to making the world a better place. The event is resuming in person after a two-year hiatus because of the COVID-19 pandemic, which also delayed this year’s meeting from its usual winter slot.
Thousands of corporate executives, government officials and other VIPs filled the conference venue, both to schmooze and listen to panel discussions on topics like sustainability, climate change and the Russia-Ukraine war.
Attendees also are visiting nearby pavilions on Davos’ main drag set up by companies like Intel, Accenture and Facebook owner Meta.
One of the main attractions on opening day is a virtual keynote speech by Ukrainian President Volodymyr Zelenskyy. There’s also a sizable Ukrainian government delegation attending in person, making their case for more Western support in the country’s fight against Russia. | https://cw33.com/business/ap-business/davos-updates-corporate-government-leaders-schmooze/ | 2022-05-23T19:18:15Z |
WASHINGTON, Sept. 13, 2022 /PRNewswire/ -- The Surgical Care Coalition (SCC) issued the following statement after the introduction of H.R. 8800, the Supporting Medicare Providers Act of 2022, by Representatives Ami Bera, MD (D-Calif.) and Larry Bucshon, MD (R-Ind.) that addresses the nearly 4.5% cut to the Medicare conversion factor proposed by the Centers for Medicare & Medicaid Services (CMS) in the Medicare Physician Fee Schedule for calendar year 2023.
"We commend Representatives Bera and Bucshon for their ongoing leadership protecting seniors' access to surgical care. This legislation is a critical step in helping patients. We also urge lawmakers to support solutions to stop the pending 4% PAYGO cut and address the stagnant payment that has failed to keep pace with inflation for years to further stabilize the Medicare system and ensure patients have access to the high-quality care they deserve."
Background
- When the 4.5% CMS cut to the Medicare conversion factor is combined with the pending 4% Pay-As-You-Go (PAYGO) cut, surgical care faces a nearly 8.5% cut next year.
- These looming cuts, which come after the 2% sequestration cut that was fully reinstated in July, represent a significant threat to the millions of seniors nationwide who rely on the Medicare program to access timely, high-quality care.
- Unlike other sectors of the health care industry, investments in physicians and other health care professionals treating Medicare patients lack an automatic annual update. Medicare payments have failed to keep pace with inflation, resulting in a real-world decrease year after year, while the costs of running a medical practice have increased significantly over time.
- The SCC and over 100 medical organizations representing more than one million physicians and other health care professionals recently penned a letter urging Congress to implement at least a 4.5% adjustment to the Medicare conversion factor, waive the 4% statutory PAYGO requirement and provide a one-year inflationary update based on the Medicare Economic Index.
Contact: media@surgicalcare.org
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SOURCE Surgical Care Coalition | https://www.wibw.com/prnewswire/2022/09/13/surgical-care-coalition-statement-supporting-medicare-providers-act-2022/ | 2022-09-13T22:12:45Z |
BOSTON, Aug. 22, 2022 /PRNewswire/ -- Liberty Mutual Insurance today announced the appointment of Kevin Smith as President of Global Risk Solutions (GRS) North America. Reporting to GRS President Neeti Bhalla Johnson, Smith will be accountable for delivering GRS North America's financial and operational performance which includes commercial and specialty businesses in the US, Canada and Bermuda and operates across Major Accounts, Middle Market and Specialty segments.
Smith has over 30 years of experience across property, casualty and specialty insurance, most recently as President and Chief Operating Officer of CNA's specialty business. Previously he held leadership roles in underwriting, marketing and field operations at Chubb North America.
"Kevin's extensive background and leadership skills uniquely qualify him to accelerate our transformation to deliver consistent underwriting profitability and leverage the full global capabilities of Liberty Mutual to solve our clients' and broker partners' risk needs across North America," said Bhalla Johnson. "I am incredibly excited to partner with Kevin and the rest of the GRS leadership team as we continue to make excellent progress to execute our strategy."
Smith is the fourth leadership appointment by Bhalla Johnson since she became GRS President in June 2021. Earlier this year, she appointed Matthew Moore as GRS President of Underwriting, Susanne Figueredo Cook as GRS Chief Operating Officer, and Phil Hobbs as Liberty Specialty Markets President.
About Liberty Mutual Insurance
At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people and businesses embrace today and confidently pursue tomorrow.
In business since 1912, and headquartered in Boston, today we are the sixth largest global property and casualty insurer based on 2020 gross written premium. We also rank 78 on the Fortune 100 list of largest corporations in the US based on 2021 revenue. As of December 31, 2021, we had $48.2 billion in annual consolidated revenue.
We employ over 45,000 people in 29 countries and economies around the world. We offer a wide range of insurance products and services, including personal automobile, homeowners, specialty lines, reinsurance, commercial multiple-peril, workers compensation, commercial automobile, general liability, surety, and commercial property.
For more information, visit www.libertymutualinsurance.com.
Contact: mediarelations@libertymutual.com
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SOURCE Liberty Mutual Insurance | https://www.wibw.com/prnewswire/2022/08/22/liberty-mutual-insurance-appoints-kevin-smith-president-global-risk-solutions-north-america/ | 2022-08-22T16:15:19Z |
Employees rank LP top company for workplace culture, innovation and execution
NASHVILLE, Tenn., June 28, 2022 /PRNewswire/ -- LP Building Solutions (LP), a leading manufacturer of high-performance building products, has been recognized as a 2022 Top Workplaces of Middle Tennessee honoree by The Tennessean, the state's largest newspaper and part of the USA Today network. Winners of the annual award are determined based solely on anonymous employee feedback collected via a survey administered by The Tennessean's industry research partner, Energage.
"LP is honored to have been recognized by The Tennessean as a 2022 Top Workplace because this award was bestowed by our incredible Nashville-based employees," said LP Chair and Chief Executive Officer Brad Southern. "We are able to commemorate our 50th year in business thanks to the talent and dedication of our employees, who are continuously learning, growing and innovating. We're only as strong as the company we keep, and this recognition will encourage us to keep Building a Better World, both within and outside our walls."
This is LP Building Solutions' first recognition as a Top Workplace by The Tennessean. Honorees are determined by those who know organizations best—the people who work there. To select the 2022 honorees, The Tennessean invited 1,750 Middle Tennessee organizations to participate, with more than 20,000 employees in the region responding to the 24-question survey. The survey measured several aspects of workplace culture, including alignment, execution and connection. Energage's "15 Culture Drivers" have been proven to predict high performance against industry benchmarks.
In addition to earning regional honors, LP was entered into the nationwide competition, where the company was also honored as a 2022 Top Workplaces USA recipient.
"The employee experience needs to be on the mission-critical list," said Energage Chief Executive Officer Eric Rubino. "By giving employees a voice and showcasing an authentic culture, organizations can attract those job seekers who complement their culture. Culture drives performance."
To see the full list of 2022 Top Workplace winners, visit The Tennessean.
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 25 plants across the U.S., Canada, Chile and Brazil. For more information, visit LPCorp.com.
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SOURCE LP Building Solutions | https://www.mysuncoast.com/prnewswire/2022/06/28/lp-building-solutions-named-2022-top-workplace-honoree-by-tennessean/ | 2022-06-28T13:40:39Z |
Health Net Assisting Members in El Dorado, Placer and Riverside Counties During State of Emergency
SACRAMENTO, Calif., Sept. 9, 2022 /PRNewswire/ -- In response to Gov. Gavin Newsom's declared state of emergency in El Dorado, Placer and Riverside counties, Health Net is providing special assistance to ensure its members affected by the ongoing wildfires have access to essential prescription medications and other healthcare services to help them cope with grief, loss, stress or trauma.
- During evacuations, members in El Dorado, Placer and Riverside counties affected by the wildfires can obtain an emergency supply from the drug store where they originally filled their prescription.
- If their drug store is closed, members can call Health Net at 1-800-400-8987 for assistance.
Health Net members can also call MHN for coping support. MHN can offer referrals to mental health counselors, local services, or phone consultations. These services can help members cope with grief, stress, or trauma related to the wildfires. MHN operates their hotline 24 hours a day, seven days a week and can be reached at 1-800-227-1060.
If members cannot reach their primary care provider during a declared state of emergency, Health Net provides access to telehealth services at no cost. To make an appointment, members should reference the back of their Health Net ID card for more information on how to access telehealth services. Members can find this same information by registering with and logging on to HealthNet.com.
Doctors and nurse practitioners can call Health Net at 1-800-641-7761 for help with:
- Emergency prescription refill guidelines
- Escalating approvals to reduce approval turnaround times
- Approval for out-of-network treatments when in-network resources are unavailable
Depending on how long the members need additional assistance, Health Net may take additional steps to ensure its members have access to necessary healthcare services as necessary.
At Health Net, we believe every person deserves a safety net for their health, regardless of age, income, employment status or current state of health. Founded in California more than 40 years ago, we're dedicated to transforming the health of our community, one person at a time. Today, Health Net's 2,600 employees and 90,000 network providers serve 3 million members. That's nearly 1 in 12 Californians. We provide health plans for individuals, families, businesses of every size and people who qualify for Medi-Cal or Medicare — Coverage for Every Stage of Life™. Health Net also offers access to substance abuse programs, behavioral health services, employee assistance programs and managed health care products related to prescription drugs. We offer these health plans and services through Health Net, LLC and its subsidiaries: Health Net of California, Inc., Health Net Life Insurance Company and Health Net Community Solutions, Inc. These entities are wholly owned subsidiaries of Centene Corporation (NYSE: CNC), a Fortune 25 company that offers affordable and high-quality products to nearly 1 in 15 individuals across the nation. For more information, visit www.HealthNet.com.
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SOURCE Centene / Health Net | https://www.wibw.com/prnewswire/2022/09/09/health-net-providing-special-assistance-members-affected-by-wildfires/ | 2022-09-09T19:11:12Z |
Bannock County Sheriff, Humane Society urge dog owners to remain safe on trails
BANNOCK COUNTY, Idaho (KIFI) - The Bannock County Sheriff’s Office, in cooperation with the Bannock Humane Society, is reminding the public to remain vigilant as the weather warms up and more people use area trails for dog-walking.
There have been no further reports of hotdogs laced with ibuprofen on area trails in recent weeks; however, there have been reports of similar instances in Jackson Hole, Boise and Montana.
“We can’t be sure that the person or people leaving these hotdogs won’t do it again, so we’re encouraging trail users to not let their guard down this spring,” said Sgt. Jon Everson with the Bannock County Sheriff’s Office.
If a dog ingests ibuprofen, it can cause kidney failure or even death. According to the Bannock Humane Society, symptoms of ibuprofen toxicity in a dog may include not eating, vomiting, black tarry stools, abdominal pain, weakness, lethargy, increased thirst and increased urination.
“We at the Bannock Humane Society are always concerned when we hear of issues and problems with animals in our home community,” said Danie Lewis-Ekstrom, President of the Bannock Humane Society. “The recent, unresolved problem of someone (or some people) leaving Ibuprofen-laced hotdogs along local hiking/biking nature trailheads leaves us worried.”
The Bannock Humane Society offers these safety tips to dog owners:
- Be vigilant and pay close attention to your surroundings. Watch for anything that seems out of the ordinary. This includes other people acting strangely, other animals, and items (such as toys, food, anything that might be appealing to a dog) that are out of place and don't belong there.
- Manage control of your dog with a leash, whether short or long. Make sure the collar or harness is well-fitted.
- Manage control of your dog by perfecting two key commands: recall and "leave it.” Both could be life-saving in the event your dog finds something dangerous.
- Have your dog’s veterinarian in your phone contacts in case you need to reach them right away.
The investigation is ongoing, and the Sheriff’s Office is still accepting tips from the public.
“We’re doing everything we can to find who is responsible for these cruel acts, but we can’t be everywhere at all times. That’s where we need the public’s help,” Sgt. Everson said.
Investigators are asking the public to:
- Be vigilant for any suspicious activity near trailheads or along walking paths
- Never compromise your own safety, but as the situation allows, be a good witness; if possible, document the activity and include a detailed description of the person and type of activity including make, color, and/or license plate of any involved vehicle.
- Report the suspicious activity as soon as possible to the Bannock County Sheriff’s Office 208-236-7111. Suspicious activity could be anything regular trail users recognize as odd or out of the ordinary. | https://localnews8.com/life/pets/2022/04/08/bannock-county-sheriff-humane-society-urge-dog-owners-to-remain-safe-on-trails/ | 2022-04-08T22:55:55Z |
Fast-growing division continues expansion and bullishness on the housing market
PORTLAND, Ore., June 13, 2022 /PRNewswire/ -- Churchill Mortgage, an industry leader providing conventional, FHA, VA and USDA residential mortgages across 49 states and the District of Columbia, continues its expansion across the Pacific Northwest with the appointment of Kelly Lee as Senior Vice President of Production for the Northwest region. Lee will oversee the rapidly growing PNW division, including all production across the region's 30 branches.
With more than 20 years of experience in the mortgage industry, Lee brings a wealth of knowledge to the table through an impressive track record of continual market growth and senior positions at noteworthy companies, including EVP, Divisional Manager at PrimeLending. In this role, Lee was able to grow PrimeLending's West Coast presence over the course of seven years from $280 million to $3.1 billion, eventually leading to a role expansion that allowed him to oversee the management of $7.25 billion. Prior to PrimeLending, Lee was Vice President of Sales and EVP for a regional mortgage company and is a U.S. Army veteran.
"In addition to being a natural servant leader with a proven track record of developing profitable branches in the Pacific Northwest, Kelly has been a longtime mentor to me since I first started out in this business," said Kevin J. Hanna, President of the Churchill Mortgage Pacific Northwest Region. "He's an undeniable asset to the team with his attention to detail, knack for collaborative problem solving and dedication to a people-centric culture. We're assembling the dream team to create something that hasn't been seen or done before in the mortgage industry. Our people over profits approach, commitment to debt-free homeownership and creation of a truly revolutionary platform will propel us to the top as we keep our clients and customers top-of-mind."
The PNW division started in 2019 with just a single office in Portland and four team members. Now, the branch has grown to over 30 locations with 150 teammates across seven states, boasting a diverse mix of industry veterans and rising stars that are ingrained in their local communities. While the rest of the mortgage industry appears to be retreating, Churchill continues to move in the opposite direction, hitting record numbers and targeting high growth projections.
"Many mortgage companies are having a difficult time right now weathering market headwinds, but Churchill, especially on the West Coast, is moving in the opposite trajectory," said Jeff Miller, Vice President of the Churchill Mortgage Northwest Region. "Business is booming and we're fully invested in growing our team and our regional presence as we enhance our customer service capabilities. Prospective buyers have quickly recognized that Churchill's process-oriented approach puts them in the best position for long-term financial growth and stability. We're building something different here and we're proud of what we've been able to accomplish thus far."
Headquartered in Portland, the PNW division has branches in several markets across the region, including Astoria, Ore.; Lake Oswego, Ore.; Bend, Ore.; Spokane, Wash.; Battle Ground, Wash.; Auburn, Wash.; Tri Cities, Wash.; Boise, Idaho; Orem, Utah; Las Vegas, Nev.; Kihei, Hawaii; and Anchorage, Alaska. The company offers a debt reduction program for all employees and has partnered with charitable organizations throughout its geographic footprint, including Hunger Fighters, The Oregon Food Bank, Sackcloth & Ashes, With Love, Meg's Moments for Life Jackets, Shepherd's House Ministries and Youth Music Project.
Founded in 1992, Churchill Mortgage is a privately-owned company by its more than 800 teammates. A full-service and financially sound leader in the mortgage industry, the company provides conventional, FHA, VA and USDA residential mortgages across 49 states and the District of Columbia. As heard on personal finance expert and author Dave Ramsey's nationally syndicated radio show, the lender's mission is to help borrowers achieve debt-free homeownership and build wealth through a smarter mortgage plan, regardless of their starting point. Churchill Mortgage is a wholly owned subsidiary of Churchill Holdings, Inc.
Churchill Mortgage's notable achievements include recognitions as a "National Top Workplace", "Top Lender" by Scotsman Guide: Residential, an eight-time "Top Workplace" by The Tennessean, one of the "Best Mortgage Companies to Work For" by National Mortgage News and a "Fast 50" company, "Top 100 Private Company" and "Best in Business" by the Nashville Business Journal. For more information about Churchill Mortgage, visit churchillmortgage.com or follow the company on LinkedIn, Twitter @ChurchillMtg, Instagram, Pinterest and Facebook.
Media contact
Megan Hackworth
The Wilbert Group
mhackworth@thewilbertgroup.com
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SOURCE Churchill Mortgage | https://www.kxii.com/prnewswire/2022/06/13/churchill-mortgages-pacific-northwest-division-announces-key-senior-hire/ | 2022-06-13T15:27:40Z |
NEW YORK, June 13, 2022 /PRNewswire/ -- Global X ETFs, the New York-based provider of exchange-traded funds (ETFs), today announced that the firm, which offers financial services through its representative office registered before the Superintendence of Finance in Colombia, has been selected by the Colombian Ministry of Finance and Public Credit, in cooperation with the World Bank, as manager of the "Fondo Bursátil de Deuda Pública Colombiana" ("Colombian Public Debt Stock ETF"). The fund will be Colombia's first fixed income ETF.
"Global X is grateful to have been selected by the Colombian Ministry of Finance and Public Credit to manage this fund in support of the nation's local currency bond markets for both local and foreign investors," said Federico Torresi, Head of Latin American Sales at Global X ETFs. "We are confident that this program, with support from the World Bank, will play a key role in assisting the growth of Colombia's domestic capital markets."
"J.P. Morgan is proud to be associated with this Issuer-Driven ETF program and the sustainable development of domestic capital markets in Colombia. We are excited to work with Global X ETFs, the Colombian government and the World Bank in this endeavor," said Gloria Kim, Global Head of Index Research and Co-Head of ESG Research at J.P. Morgan.
"Being the administrators of the first Colombian Public Debt Stock Market Fund in the country constitutes a recognition of our experience, and a challenge to the trust that the Colombian Government and the Ministry of Finance and Public Credit have placed in our entity", says Buenaventura Osorio M., president of Fiduciaria Bogotá. "It is important to highlight that digitization and innovation, strategic pillars of our Organization, constitute the opportunity to reach more Colombians with investment products that adapt to their needs and expand access to alternatives in the Colombian capital market, opening ourselves up to the opportunity in the country to develop a retail sovereign debt market".
The fund will function as an Issue-Driven Exchange Traded Fund (ID ETF), an investment product developed by the World Bank to support capital markets in emerging economies by collaborating with local partners and allowing local currency debt to be packaged into an ETF format. This fund will be denominated in Colombian pesos. The Colombian Ministry of Finance and Public Credit underwent an evaluation process through which it selected Global X ETFs as manager of the fund, Fiducaria Bogota as administrator of the fund, and J.P. Morgan as the provider of the fund's reference index.
Global X ETFs is a United States-based company founded in 2008. For more than a decade, our mission has been empowering investors with unexplored and intelligent solutions. Our product lineup features over 90 ETF strategies and over $40 billion in assets under management.ii While we are distinguished for our Thematic Growth, Income and International Access ETFs, we also offer Core, Commodity, and Alpha funds to suit a wide range of investment objectives. Explore our ETFs, research and insights, and more at www.globalxetfs.com.
Global X is a member of Mirae Asset Financial Group, a global leader in financial services, with more than $628 billion in assets under management worldwide.iii Mirae Asset has an extensive global ETF platform ranging across the US, Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam with over $80 billion in assets under management.iv
Media Contact
Audrey Belloff, Director of Communications
abelloff@globalxetfs.com
1-631-455-2220
Global X has constituted a representative office in Colombia for the promotion and offer of the products and services of a foreign financial corporation represented in Colombia. Global X is a representation office of a financial institution domiciled in the United States of America and authorized by the Superintendence of Finance of Colombia to advertise and offer financial products and services in Colombia.
Any agreement between a potential Colombian client and Global X will be ruled by the competent judges of the relevant jurisdiction of the product or service and, therefore, the Colombian figure of financial advisor of the financial consumer is inapplicable in this relationship. Global X has established multiple attention channels for the requests or complaints of its clients, which can be filed through globalxetfs.com
Investing involves risk, including the possible loss of principal.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.
Carefully consider a Fund's investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund's scheme information document. Please read carefully before investing.
Global X Management Company LLC, a U.S.-based company, serves as an advisor to Global X Funds.
i Federico Torres is registered and recognized before the Superintendence of Finance of Colombia as representative of Global X in Colombia.
ii Source: Global X, as of 6/07/22
iii Mirae Asset, as of June 2022
iv Mirae Asset, as of June 2022
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SOURCE Global X Management Company LLC | https://www.kxii.com/prnewswire/2022/06/13/global-x-selected-manager-colombias-first-local-sovereign-debt-etf/ | 2022-06-13T15:28:29Z |
BEIJING, Aug. 2, 2022 /PRNewswire/ -- Ucommune International Ltd (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced an extraordinary general meeting of the Company (the "Meeting") will be held at 10 A.M. on August 19, 2022, Beijing time (10 P.M. on August 18, 2022, U.S. Eastern time) at Floor 8, No.2 Guanghua Road, Chaoyang District, Beijing, China. The purpose of the Meeting is to amend the Company's Amended and Restated Memorandum and Articles of Association currently in effect (the "Current M&A") to change the voting power of the Class B ordinary shares of par value of US$0.002 each (the "Class B Ordinary Shares") from fifteen (15) votes for each Class B Ordinary Share to thirty-five (35) votes for each Class B Ordinary Share. Pursuant to the Current M&A, Company obtained the ordinary resolutions of the holders of Class B Ordinary Shares to approve the proposed variation of rights of Class B Ordinary Shares set forth in the notice of the Meeting on August 2, 2022. The Company has established the close of business on August 2, 2022, Eastern time (the "Record Date"), as the record date for determining shareholders entitled to notice of, and to vote at, the Meeting and any adjournments or postponements thereof.
Copies of the notice of the Meeting and the form of proxy are available on the Company's corporate investor relations website at https://ir.ucommune.com.
About Ucommune International Ltd
Ucommune is China's leading agile office space manager and provider. Founded in 2015, Ucommune has created a large-scale intelligent agile office ecosystem covering economically vibrant regions throughout China to empower its members with flexible and cost-efficient office space solutions. Ucommune's various offline agile office space services include self-operated models, such as U Space, U Studio, and U Design, as well as asset-light models, such as U Brand and U Partner. By utilizing its expertise in the real estate and retail industries, Ucommune operates its agile office spaces with high efficiency and engages in the urban transformation of older and under-utilized buildings to redefine commercial real estate in China.
Safe Harbor Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "potential," "continue," "ongoing," "targets," "guidance" and similar statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's growth strategies; its future business development, results of operations and financial condition; its ability to understand members' needs and provide products and services to attract and retain members; its ability to maintain and enhance the recognition and reputation of its brand; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with members and business partners; trends and competition in China's agile office space market; changes in its revenues and certain cost or expense items; the expected growth of China's agile office space market; PRC governmental policies and regulations relating to the Company's business and industry, and general economic and business conditions in China and globally and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
Ucommune International Ltd
ir@ucommune.com
ICR, LLC
Robin Yang
ucommune@icrinc.com
+1 (212) 537-3847
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SOURCE Ucommune International Ltd | https://www.kxii.com/prnewswire/2022/08/02/ucommune-announces-extraordinary-general-meeting/ | 2022-08-02T11:56:01Z |
Global System-wide sales grow 14%, up nearly $1 billion year-over-year to over $10 billion
Consolidated comparable sales accelerate to 9% with 14% growth at Tim Hortons Canada, 18% at Burger King International
Digital sales grow double-digits year-over-year to over $3 billion, representing 33% of system-wide sales
Over $400 million of capital returned to shareholders in Q2 through dividends and share buybacks
TORONTO, Aug. 4, 2022 /PRNewswire/ - Restaurant Brands International Inc. (TSX: QSR) (NYSE: QSR) (TSX: QSP) today reported financial results for the second quarter ended June 30, 2022.
"We made significant progress across our business in the second quarter, accelerating consolidated comparable sales to 9% and driving 14% growth in global system-wide sales. These results reflect benefits from our dedicated investments in key areas of the business, including people, technology, operations and marketing," said José Cil, Chief Executive Officer of RBI.
"The team at Tim Hortons Canada delivered exceptional results this quarter, aided by investments against our Back to Basics plan and strong execution from our committed group of restaurant owners. In the second quarter, we drove sales above pre-pandemic levels for the first time since the onset of the pandemic and continue to build strong momentum as we move to accelerate growth. We believe there is a long runway for Tim's in Canada, anchored by great product quality, menu and digital innovation, and a strong group of restaurant owners," continued Cil.
"We continue to see steady improvements in our Burger King U.S. business and will be sharing the details of our plan to accelerate home market growth with all of our franchisees in early September. In addition, the Burger King international business had another strong quarter, posting an impressive 18% comparable sales and 28% system-wide sales growth. Meanwhile, the Popeyes' team has been successful delivering strong unit growth and at Firehouse Subs, the team is focused on building the capabilities to execute on our vision of rapid growth for this loved brand in the U.S. and around the world," continued Cil.
"Our second quarter results demonstrate the benefits of our diversified, global business model and strong free cash flow generating capability which allows us to continue investing in important areas of the business while returning capital to shareholders. I am incredibly proud of the hard work of our franchisees, team members and employees who remain focused on executing against our long-term plans to drive sustainable growth," concluded Cil.
Commencing upon the acquisition of Firehouse Subs in December 2021, we have four operating segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK) and Firehouse Subs (FHS). Our financial results and operational highlights are disclosed based on these segments each quarter.
The year-over-year increases in Total Revenues on an as reported and on an organic basis were primarily driven by increases in system-wide sales at Tim Hortons, Burger King and Popeyes. On an as reported basis the increase was also driven by the inclusion of Firehouse Subs. This increase in Total Revenues on an as reported basis was partially offset by unfavorable FX movements.
The year-over-year decrease in Net Income was primarily driven by income tax expense in the current year compared to an income tax benefit in the prior year, unfavorable FX movements, and an increase in share-based compensation and non-cash incentive compensation expense, partially offset by increases in segment income in our TH, BK and PLK segments, the inclusion of FHS segment income and a favorable change from other operating expenses (income), net.
The year-over-year increases in Adjusted EBITDA on an as reported and on an organic basis were primarily driven by increases in TH, BK and PLK Adjusted EBITDA. On an as reported basis the increase was also driven by the inclusion of FHS Adjusted EBITDA partially offset by unfavorable FX movements.
The year-over-year increase in Adjusted Net Income was primarily driven by increases in Adjusted EBITDA in our TH, BK and PLK brands and the inclusion of FHS Adjusted EBITDA, partially offset by an increase in adjusted income tax expense.
During the first quarter of 2022, we shared a number of actions that we have taken to date as a result of the events related to Russia's military invasion of Ukraine. As a reminder, Burger King is our only brand with restaurants in Russia, all of which are operated under a master franchise arrangement. We suspended all corporate support for the Russian market, including operations, marketing, and supply chain support in addition to refusing approvals for new investment and expansion. During the second quarter, we donated funds received from franchised operations in Russia of approximately $1 million to the UNHCR to support humanitarian aid for Ukrainian refugees.
While we currently include results from our franchised restaurants in Russia within reported key business metrics, we do not expect to generate any profits from restaurants in Russia in 2022. During the second quarter, these restaurants had an estimated $11 million, or 2.0%, negative impact on our year-over-year organic adjusted EBITDA growth.
Below are the RBI consolidated and BK segment operational highlights excluding the results from Russia for the three months ended June 30, 2022 and 2021. Refer to page 24 for the RBI consolidated and BK segment quarterly operational highlights excluding the results from Russia for 2021.
The global crisis resulting from the spread of coronavirus ("COVID-19") impacted our global restaurant operations for the three months ended June 30, 2022 and 2021, though in 2022 the impact was more modest than in the prior year. During the three months ended June 30, 2022 and 2021, substantially all restaurants remained open, some with limited operations, such as drive-thru, takeout and delivery (where applicable), reduced, if any, dine-in capacity, and/or restrictions on hours of operation. Certain markets periodically required temporary closures while implementing government mandated lockdown orders. For example, while most regions have eased restrictions, increases in cases and new variants caused certain markets, including China, to re-impose temporary restrictions as a result of government mandates. We expect local conditions to continue to dictate limitations on restaurant operations, capacity, and hours of operation. COVID-19 has also contributed to labor challenges, which in some regions resulted in reduced operating hours and service modes at select restaurants as well as supply chain pressures.
In addition, during 2022, there have been increases in commodity, labor and energy costs partially due to the macroeconomic impact of both COVID-19 and the War in Ukraine. Further significant increases in inflation could affect the global, Canadian and U.S. economies, which could have an adverse impact on our business and results of operations if we and our franchisees are not able to adjust prices sufficiently to offset the effect of cost increases without negatively impacting consumer demand.
During the first quarter of 2022 we made a change to the way we report revenues and expenses related to technology initiatives to provide clarity and consistency across our brands and with our industry peers. We had previously included revenue from technology fees in Franchise and property revenues, while the associated technology expenses were included in General and administrative expenses. Starting in the first quarter of 2022, revenue from technology fees will be reported in Advertising revenues and other services, while the associated technology expenses will be reported in Advertising expenses and other services.
Additionally, prior year amounts in the condensed consolidated statements of operations and accompanying BK segment results have been reclassified in order to be comparable with the current year classifications. These reclassifications did not arise as a result of any changes to accounting policies and relate entirely to presentation with no effect on previously reported net income and segment income. Refer to page 25 for the RBI consolidated and BK segment quarterly results for 2021 adjusted for these reclassifications.
For the second quarter of 2022, the increase in system-wide sales was primarily driven by comparable sales of 12.2%, including Canada comparable sales of 14.2%, and net restaurant growth of 5.7%.
The year-over-year increases in Total Revenues on an as reported and on an organic basis were primarily driven by an increase in system-wide sales as well as increases in commodity prices passed on to franchisees and an increase in sales to retailers. This increase in Total Revenues on an as reported basis was partially offset by unfavorable FX movements.
The year-over-year increases in Adjusted EBITDA on an as reported and on an organic basis were primarily driven by the increase in system-wide sales and by advertising revenues exceeding advertising expenses in the current year period compared to advertising expenses exceeding advertising revenues in the prior year period driven by our support behind the marketing program in Canada in the prior year period, partially offset by an increase in Segment G&A. This increase in Adjusted EBITDA on an as reported basis was partially offset by unfavorable FX movements.
For the second quarter of 2022, the increase in system-wide sales was driven by comparable sales of 10.0%, including rest of the world comparable sales of 18.4% and relatively flat US comparable sales, and net restaurant growth of 2.8%.
The year-over-year changes in Total Revenues on an as reported and on an organic basis were primarily driven by the increase in system-wide sales. This increase in Total Revenues on an as reported basis was partially offset by unfavorable FX movements.
The year-over-year changes in Adjusted EBITDA on an as reported and on an organic basis were primarily driven by the increase in system-wide sales, partially offset by advertising revenues exceeding advertising expenses to a lesser extent than in the prior year period, an increase in expenses related to technology initiatives, and a decrease in bad debt recoveries in the current year compared to the prior year. This increase in Adjusted EBITDA on an as reported basis was partially offset by unfavorable FX movements.
For the second quarter of 2022, the increase in system-wide sales was driven by net restaurant growth of 8.1%, and comparable sales of 1.4%, including relatively flat US comparable sales.
The year-over-year changes in Total Revenues on an as reported and on an organic basis were primarily driven by the increase in system-wide sales. This increase in Total Revenues on an as reported basis was partially offset by unfavorable FX movements.
The year-over-year increases in Adjusted EBITDA on an as reported and on an organic basis were primarily driven by the increase in system-wide sales, partially offset by an increase in Segment G&A. This increase in Adjusted EBITDA on an as reported basis was partially offset by unfavorable FX movements.
For the second quarter of 2022, the increase in system-wide sales was driven by net restaurant growth of 2.5%, partially offset by a decrease in comparable sales of (1.4)%, including a decrease in US comparable sales of (1.2)%.
As of June 30, 2022, total debt was $13.4 billion, net debt (total debt less cash and cash equivalents of $0.8 billion) was $12.6 billion, and net leverage was 5.4x. During the second quarter we also repurchased 3.2 million RBI common shares for $165 million under our $1 billion share repurchase program and as of June 30, 2022 had $123 million remaining under the authorization. We plan to submit a new normal course issuer bid, subject to TSX approval, to be effective following expiration of the current one.
The RBI Board of Directors has declared a dividend of $0.54 per common share and partnership exchangeable unit of Restaurant Brands International Limited Partnership for the third quarter of 2022. The dividend will be payable on October 5, 2022 to shareholders and unitholders of record at the close of business on September 21, 2022.
We will host an investor conference call and webcast at 8:30 a.m. Eastern Time on Thursday, August 4, 2022, to review financial results for the second quarter ended June 30, 2022. The earnings call will be broadcast live via our investor relations website at http://rbi.com/investors and a replay will be available for 30 days following the release. The dial-in number is 1 (646)-904-5544 for U.S. callers, 1 (226)-828-7575 for Canadian callers, and 1 (929)-526-1599 for callers from other countries. For all dial-in numbers please use the following access code: 194063.
Restaurant Brands International Inc. is one of the world's largest quick service restaurant companies with over $35 billion in annual system-wide sales and over 29,000 restaurants in more than 100 countries. RBI owns four of the world's most prominent and iconic quick service restaurant brands – TIM HORTONS®, BURGER KING®, POPEYES®, and FIREHOUSE SUBS®. These independently operated brands have been serving their respective guests, franchisees and communities for decades. Through its Restaurant Brands for Good framework, RBI is improving sustainable outcomes related to its food, the planet, and people and communities. To learn more about RBI, please visit the company's website at www.rbi.com.
This press release contains certain forward-looking statements and information, which reflect management's current beliefs and expectations regarding future events and operating performance and speak only as of the date hereof. These forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties. These forward-looking statements include statements about our expectations regarding the effects and continued impact of the COVID-19 pandemic, the war in Ukraine and related macro-economic conditions on our results of operations, business, liquidity, prospects and restaurant operations and those of our franchisees, including local conditions and government-imposed limitations and restrictions, our growth opportunities and ability to drive long-term, sustainable growth, through product quality, menu and digital innovation and a committed group of restaurant owners, our continued investment in our business and returning capital to shareholders, our plans to accelerate home market growth, and our suspension of operations in and financial results from Russia. The factors that could cause actual results to differ materially from RBI's expectations are detailed in filings of RBI with the Securities and Exchange Commission and applicable Canadian securities regulatory authorities, such as its annual and quarterly reports and current reports on Form 8-K, and include the following: risks related to unforeseen events such as pandemics; risks related to supply chain; risks related to ownership and leasing of properties; risks related to our franchisees financial stability and their ability to access and maintain the liquidity necessary to operate their business; risks related to RBI's ability to successfully implement its domestic and international growth strategy and risks related to its international operations; risks related to RBI's ability to compete domestically and internationally in an intensely competitive industry; risks related to technology; risks related to the conflict between Russia and Ukraine, and changes in applicable tax and other laws and regulations or interpretations thereof. Other than as required under U.S. federal securities laws or Canadian securities laws, we do not assume a duty to update these forward-looking statements, whether as a result of new information, subsequent events or circumstances, change in expectations or otherwise.
RESTAURANT BRANDS INTERNATIONAL INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Operations
(In millions of U.S. dollars, except per share data)
(Unaudited)
RESTAURANT BRANDS INTERNATIONAL INC. AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(In millions of U.S. dollars, except share data)
(Unaudited)
RESTAURANT BRANDS INTERNATIONAL INC. AND SUBSIDIARIES
Condensed Consolidated Statements of Cash Flows
(In millions of U.S. dollars)
(Unaudited)
RESTAURANT BRANDS INTERNATIONAL INC. AND SUBSIDIARIES
Key Operating Metrics
We evaluate our restaurants and assess our business based on the following operating metrics.
System-wide sales growth refers to the percentage change in sales at all franchise restaurants and Company restaurants (referred to as system-wide sales) in one period from the same period in the prior year. Comparable sales refers to the percentage change in restaurant sales in one period from the same prior year period for restaurants that have been open for 13 months or longer for TH, BK and FHS and 17 months or longer for PLK. Additionally, if a restaurant is closed for a significant portion of a month, the restaurant is excluded from the monthly comparable sales calculation. System-wide sales growth and comparable sales are measured on a constant currency basis, which means that results exclude the effect of foreign currency translation ("FX Impact") and are calculated by translating prior year results at current year monthly average exchange rates. We analyze key operating metrics on a constant currency basis as this helps identify underlying business trends, without distortion from the effects of currency movements.
System-wide sales represent sales at all franchise restaurants and company-owned restaurants. We do not record franchise sales as revenues; however, our royalty revenues and advertising fund contributions are calculated based on a percentage of franchise sales.
Net restaurant growth refers to the net increase in restaurant count (openings, net of permanent closures) over a trailing twelve month period, divided by the restaurant count at the beginning of the trailing twelve month period.
These metrics are important indicators of the overall direction of our business, including trends in sales and the effectiveness of each brand's marketing, operations and growth initiatives.
RESTAURANT BRANDS INTERNATIONAL INC. AND SUBSIDIARIES
Supplemental Disclosure
(Unaudited)
General and Administrative Expenses
RESTAURANT BRANDS INTERNATIONAL INC. AND SUBSIDIARIES
Non-GAAP Financial Measures
(Unaudited)
Below, we define the non-GAAP financial measures, provide a reconciliation of each non-GAAP financial measure to the most directly comparable financial measure calculated in accordance with U.S. Generally Accepted Accounting Principles ("GAAP"), and discuss the reasons why we believe this information is useful to management and may be useful to investors. These measures do not have standardized meanings under GAAP and may differ from similarly captioned measures of other companies in our industry.
Non-GAAP Measures
To supplement our condensed consolidated financial statements presented on a GAAP basis, RBI reports the following non-GAAP financial measures: EBITDA, Adjusted EBITDA, LTM Adjusted EBITDA, Adjusted Net Income, Adjusted Diluted Earnings per Share ("Adjusted Diluted EPS"), Organic revenue growth, Organic Adjusted EBITDA growth, Free Cash Flow, LTM Free Cash Flow and Net Leverage. We believe that these non-GAAP measures are useful to investors in assessing our operating performance or liquidity, as they provide them with the same tools that management uses to evaluate our performance or liquidity and are responsive to questions we receive from both investors and analysts. By disclosing these non-GAAP measures, we intend to provide investors with a consistent comparison of our operating results and trends for the periods presented.
EBITDA is defined as earnings (net income or loss) before interest expense, net, (gain) loss on early extinguishment of debt, income tax (benefit) expense, and depreciation and amortization and is used by management to measure operating performance of the business. Adjusted EBITDA is defined as EBITDA excluding (i) the non-cash impact of share-based compensation and non-cash incentive compensation expense, (ii) (income) loss from equity method investments, net of cash distributions received from equity method investments, (iii) other operating expenses (income), net, and (iv) income or expense from non-recurring projects and non-operating activities. For the periods referenced, this included non-recurring fees and expenses incurred in connection with the Firehouse Subs acquisition consisting of professional fees, compensation related expenses and integration costs as well as costs from professional advisory and consulting services associated with certain transformational corporate restructuring initiatives that rationalize our structure and optimize cash movements, including services related to significant tax reform legislation, regulations and related restructuring initiatives. Management believes that these types of expenses are either not related to our underlying profitability drivers or not likely to re-occur in the foreseeable future and the varied timing, size and nature of these projects may cause volatility in our results unrelated to the performance of our core business that does not reflect trends of our core operations. Adjusted EBITDA is used by management to measure operating performance of the business, excluding these non-cash and other specifically identified items that management believes are not relevant to management's assessment of our operating performance. Adjusted EBITDA, as defined above, also represents our measure of segment income for each of our four operating segments.
LTM Adjusted EBITDA is defined as Adjusted EBITDA for the last twelve month period to the date reported. See reconciliation of LTM Adjusted EBITDA in the following pages.
Adjusted Net Income is defined as net income excluding (i) franchise agreement amortization as a result of acquisition accounting, (ii) amortization of deferred financing costs and debt issuance discount, (iii) loss on early extinguishment of debt and interest expense, which represents non-cash interest expense related to losses reclassified from accumulated comprehensive income (loss) into interest expense in connection with interest rate swaps de-designated in May 2015, November 2019 and September 2021, (iv) (income) loss from equity method investments, net of cash distributions received from equity method investments, (v) other operating expenses (income), net, and (vi) income or expense from non-recurring projects and non-operating activities (as described above).
Adjusted Diluted EPS is calculated by dividing Adjusted Net Income by the weighted average diluted shares outstanding of RBI during the reporting period. Adjusted Net Income and Adjusted Diluted EPS are used by management to evaluate the operating performance of the business, excluding certain non-cash and other specifically identified items that management believes are not relevant to management's assessment of operating performance.
Net Leverage is defined as net debt (total debt less cash and cash equivalents) divided by LTM Adjusted EBITDA. Net Leverage is an operating performance measure that we believe provides investors a more complete understanding of our leverage position and borrowing capacity after factoring in cash and cash equivalents that eventually could be used to repay outstanding debt.
Revenue growth and Adjusted EBITDA growth, on an organic basis, are non-GAAP measures that exclude the impact of FX movements and also exclude the results of Firehouse Subs for the first four full fiscal quarters following the acquisition. Management believes that organic growth is an important metric for measuring the operating performance of our business as it helps identify underlying business trends, without distortion from the effects of FX movements and the Firehouse Subs acquisition. We calculate the impact of FX movements by translating prior year results at current year monthly average exchange rates.
Free Cash Flow is the total of Net cash provided by operating activities minus Payments for property and equipment. Free Cash Flow is a liquidity measure used by management as one factor in determining the amount of cash that is available for working capital needs or other uses of cash, however, it does not represent residual cash flows available for discretionary expenditures. LTM Free Cash Flow is defined as Free Cash Flow for the last twelve month period to the date reported.
RESTAURANT BRANDS INTERNATIONAL INC. AND SUBSIDIARIES
Non-GAAP Financial Measures
Organic Growth in Revenue and Adjusted EBITDA
(Unaudited)
RESTAURANT BRANDS INTERNATIONAL INC. AND SUBSIDIARIES
Non-GAAP Financial Measures
Reconciliation of EBITDA and Adjusted EBITDA to Net Income
(Unaudited)
RESTAURANT BRANDS INTERNATIONAL INC. AND SUBSIDIARIES
Non-GAAP Financial Measures
Reconciliation of Net Income to Adjusted Net Income and Adjusted Diluted EPS
(Unaudited)
RESTAURANT BRANDS INTERNATIONAL INC. AND SUBSIDIARIES
Non-GAAP Financial Measures
Net Leverage and Reconciliation of Free Cash Flow
(Unaudited)
RESTAURANT BRANDS INTERNATIONAL INC. AND SUBSIDIARIES
Non-GAAP Financial Measures
Reconciliation of EBITDA and Adjusted EBITDA to Net Income
(Unaudited)
Non-GAAP Financial Measures
Footnotes to Reconciliation Tables
Below are the RBI consolidated and BK segment operational highlights excluding the results from Russia for each quarter of 2021.
Below are the RBI consolidated and BK segment quarterly results for 2021 adjusted for the reclassification of technology revenues from Franchise and property revenues to Advertising revenues and other services and technology expenses from General and administrative expenses to Advertising expenses and other services.
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SOURCE Restaurant Brands International Inc. | https://www.mysuncoast.com/prnewswire/2022/08/04/restaurant-brands-international-inc-reports-second-quarter-2022-results/ | 2022-08-04T12:05:56Z |
NEW YORK, May 16, 2022 /PRNewswire/ -- The events of the past two years—including a pandemic, social strife, and the Great Resignation—have upended the role of the chief human resource officer (CHRO). Now, CHROs are being called on to play a greater part in addressing the environmental, social, and governance (ESG) matters—both the risks and opportunities for companies.
Based on discussions with more than 100 human capital leaders at multi-national companies and regional powerhouses in Europe, Asia, and the US, a new report from The Conference Board reveals the increased pressure on companies to act on ESG issues, and the expanded role of human capital leaders in doing so. CHROs will need to—among other things in the ESG sphere—help shape the corporate voice on social issues, articulate the mission and purpose of their companies, and communicate the company's people strategy to an increasingly broad set of stakeholders. This has become all the more urgent as companies prepare for upcoming US Securities and Exchange Commission (SEC) requirements to further disclose data on a company's human capital resources, measures, and progress against objectives.
Additionally, the report also explores the challenges CHROs must navigate to successfully lead remote and hybrid teams and to shape an organizational culture that both attracts and retains workers.
Insights from the report, The CHRO's Role in Navigating the Future of Work, include:
CHROs will partner with C-suite colleagues and the board to help shape the company's voice on social issues.
- As companies navigate the complexities of societal change and demands for transparency, CHROs will partner with C-suite colleagues and the board to help shape the corporate voice on social issues.
- The disclosure of human capital metrics and the shaping of the corporate narrative around people issues for a variety of stakeholders—both internally and externally—will become more critical.
- The ability to work closely with, and benefit from, board directors in their human capital management oversight role will be increasingly important.
How to prepare:
- CHROs should follow a consistent framework for their formal and informal communications with stakeholders on human capital management.
"The crises of the past few years have underscored why human capital management matters—it's an essential part of the overall business strategy, including achieving a company's ESG goals," said Rebecca Ray, PhD, Executive Vice President of Human Capital at The Conference Board. "Board oversight of human capital management will continue to grow in importance. CHROs will need to ensure that directors understand the organization's capability to execute the business strategy."
The company's mission and purpose should underpin not only company culture, but guide decisions about the work environment.
What to expect:
- There will be greater intention given to the overall purpose of business as well as strategies used to deliver on that purpose.
- Strong culture—where employees feel included, valued, and respected, as well as connected to something greater than themselves—will create a competitive advantage in both attracting and retaining talent.
How to prepare:
- Clearly articulate both the connection to mission and purpose, as well as new cultural norms for creating a respectful workplace.
- Develop a playbook on why an employee needs to follow a specific work model, including clear rationale explaining requirements to be in the office.
- Give employees options for flexibility based on personal needs. By offering flexibility, organizations can meet the diverse needs of their workforce and boost retention.
Technology and analytics will guide CHROs as they work toward business goals.
What to expect:
- The HR function will have a broader impact on people across the organization (e.g., workforce diversity, predictive analytics) and a sharper focus on business outcomes.
- CHROs will leverage technology to track and measure progress on metrics related to human capital.
- Roles within the HR function, such as HR generalists and specialty roles, will become more sophisticated as technology reduces administrative burdens.
How to prepare:
- CHROs will need to develop new and wider skill sets, including analytics, business acumen, and high-level strategic skills.
- Leaders should show a greater connection between HR processes and business results: Increase efforts to map talent to value, prioritize strategic workforce planning, and leverage the use of technology and analytics to make better people decisions.
- Beyond simply ensuring fair and equitable treatment for all workers and alignment with organizational values, evaluate and refine programs, policies, and actions to foster a culture of inclusion and belonging.
- Clearly define roles and responsibilities, streamline processes, and leverage technology to reduce "friction" in processes for employees.
CHROs will lead the organization toward a seamless hybrid culture, offering flexibility and upskilling.
What to expect:
- As work-from-anywhere models expand, there will be a premium on the development of tech skills and infrastructure that support flexible teams.
- Workers will need support to be innovative, agile, and resilient.
How to prepare:
- CHROs will need to reimagine the physical workspace, investing in and integrating technologies that promote productivity and collaboration.
- Ensure teams are empowered to make decisions about how work gets done to maximize efficient time use and foster agility.
- Hire for specific skill sets, not specific roles, and make mining internal talent a priority.
- Assess capabilities across the workforce and fill skill gaps by investing in upskilling and reskilling.
Through successive waves of "black swan" events, CHROs will need to rethink leadership development.
What to expect:
- Successful leaders will need to thrive in virtual and hybrid environments with blended teams.
- CHROs should articulate the core values and principles of the organization to all stakeholders, including the board, teams, customers, and suppliers.
- Leaders will be required to champion agile ways of working, drive digital innovation, and shape organizational culture and talent development.
How to prepare:
- Develop authenticity, empathy, and a growth mind-set, coupled with a mastery of HR-related skills such as performance management, coaching, and development.
- Increase the use of skill assessments and analytics to determine and revise criteria for advancement and succession planning.
- Leaders at all levels should be held accountable for turnover, engagement scores, DEI goals, and other key metrics tied to corporate values and purpose.
About The Conference Board
The Conference Board is the member-driven think tank that delivers trusted insights for what's ahead. Founded in 1916, we are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org
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SOURCE The Conference Board | https://www.kxii.com/prnewswire/2022/05/16/chief-human-resource-officers-have-an-additional-focus-esg-issues/ | 2022-05-16T14:47:46Z |
Case of missing N.H. girl, Harmony Montgomery, now considered homicide, officials say
Published: Aug. 11, 2022 at 1:13 PM CDT|Updated: 16 minutes ago
CONCORD, N.H. (AP) — Authorities say the search for a New Hampshire girl who disappeared at age 5 in 2019 but was not reported missing until late last year is now considered a homicide investigation.
New Hampshire Attorney General John Formella said Thursday that authorities have concluded that Harmony was murdered.
Police first became aware that she might be missing when they received a call from the girl’s mother in November.
Harmony’s father and stepmother have since pleaded not guilty to charges related to her well-being.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/08/11/case-missing-new-hampshire-girl-harmony-montgomery-is-now-considered-homicide-officials-say/ | 2022-08-11T18:38:05Z |
Heavy rains, strong winds and flooding hit South Florida Saturday, with up to 11 inches falling in some spots since Friday and cars stalled on streets in Fort Lauderdale and Miami.
The city of Miami warned Saturday afternoon several roads were not accessible. At least one beach was temporarily closed.
Miami-Dade Fire Rescue officials warned the danger of flooding throughout the weekend is "high" across the county, especially in low-lying and poorly drained parts, and urged residents not to try and walk or drive through flooded waters.
The National Weather Service (NWS) said the heaviest rain bands of the storm system had moved offshore by late afternoon but warned some isolated showers could follow and cause localized flooding.
Earlier the NWS office in Miami said between 6 and 11 inches of rain fell on some areas.
A Flood Watch was in effect for South Florida late Saturday afternoon and included parts of Broward, Miami-Dade and Palm Beach counties.
Potential Tropical Cycle One was poorly organized as it headed for the Atlantic Ocean Saturday evening. At around 2 p.m. ET, the National Hurricane Center had the center of the storm roughly 15 miles southwest of Fort Pierce, Florida.
A tropical storm warning remained in effect for Florida's east coast, south of the Volusia/Brevard County line, to Jupiter Inlet, according to the center.
A tropical storm watch was also in effect for the northwestern Bahamas.
The disturbance is unlikely to become the first named storm of the Atlantic hurricane season before it finishes crossing Florida Saturday, the NHC said.
"The disturbance is expected to become a tropical storm off the East Coast of Florida by (Saturday night), and some strengthening is forecast tonight through Monday as the system moves farther away from Florida over the western Atlantic," the NHC said.
Some locations could see up to 15 inches before the end of Saturday; Miami had 11 inches by 9 a.m. The NHC added "considerable flash and urban flooding is expected" across this region.
"Over the past few hours, a weather station at Fowey Rocks near Miami, Florida reported sustained winds of 46 mph and a wind gust of 56 mph," the NHC said.
A tropical storm warning means tropical storm conditions are possible.
Airlines canceled 841 flights on Friday amid multiple storm systems, FlightAware data showed.
US airlines warned disruptions at the Florida airports would last through the weekend.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/news/as-south-florida-gets-soaked-by-a-tropical-system-officials-warn-of-potential-for-flooding/article_90ee0dcc-5065-5f8d-8b1c-a6a7d72f7ac9.html | 2022-06-04T21:24:27Z |
HACKENSACK, N.J. (StudyFinds.org) – Tax Day is here again, and a new survey finds plenty of Americans are STILL waiting to file for 2021. In fact, one-third of taxpayers wait until the filing deadline to do their annual taxes. Unfortunately, that’s a big problem for many people because 56 percent of Americans don’t even know when that deadline is!
In a poll of more than 1,100 people, commissioned by IPX 1031, 32 percent say they procrastinate when it comes to doing their taxes because they don’t expect to get a refund. One in four say they hold off until the last minute because the process is just too complicated and stressful. For those who still don’t know, Tax Day 2022 is April 18.
Researchers also found that the nation’s younger taxpayers are more likely to procrastinate each year. Millennials rank as the most likely Americans to file their taxes at the last minute — despite receiving the largest average refunds among all generations! Overall, however, the survey found that one in four people will see a smaller refund this year in comparison to 2021.
Nevadans love to gamble — with their taxes
When it comes to which Americans avoid doing their taxes the longest, residents in Nevada are the new kings of procrastination. Famous for being the home of Las Vegas, the poll finds Nevadans also like to gamble on getting their taxes done on time. Nevada moved up three spots from number four in 2021, averaging more Google searches related to the Tax Day deadline than any other state in the nation.
Specifically, researchers looked at search phrases such as “what happens if I file my taxes late?”, “when is it too late to file taxes?”, and “can I file late taxes?” across all 50 states to compile their annual list.
Rounding out the top five are the same states that appeared on the 2021 list, including Hawaii (2nd), Georgia (3rd), Alaska (4th), and California (5th).
As for the Americans who get their taxes done in a timely fashion, Iowa (50th) continues to be home to the fewest tax procrastinators in the country. Wisconsin (49th) and Michigan (48th) followed closely behind.
Speaking of Las Vegas, the poll’s review of the biggest procrastinators by city found Sin City is still home to the most last-minute tax filers in the U.S. The survey finds there are more than 1,300 Tax Day searches for every 100,000 people in the city. Denver, Baltimore, and Seattle round out the top four — all averaging over 1,100 Tax Day deadline searches on Google.
Where’s the money going?
According to the Internal Revenue Service (IRS), Americans received an average refund of $2,815 in 2021. Unfortunately, confidence in the economy is much lower this year and respondents are only expecting to receive just over $1,900 this year.
For the 50 percent of Americans who say they have already filed their taxes, 11 percent admit they’ve already spent that money! Over a third (37%) plan to save that money when it arrives and one in five (22%) plan to use the money to pay down their debt. | https://cw33.com/news/tax-day-2022-56-of-americans-dont-know-when-the-filing-deadline-is/ | 2022-04-14T18:40:51Z |
More than 600 founders, Fortune 500 leaders, and investors are attending Chicago's flagship food innovation conference hosted by World Business Chicago
CHICAGO, May 26, 2022 /PRNewswire/ -- Chicago Mayor Lori E. Lightfoot today welcomes more than 600 venture capitalists & investors, founders, innovators, and corporate executives for a sold-out Chicago Venture Summit Future-of-Food, the city's new flagship food innovation conference led by World Business Chicago. The two-day conference concludes today at 167 Green in Chicago's Fulton Market District. The Chicago Venture Summit series is led by World Business Chicago, with the support of 40 sponsors.
"Our local food innovation and startup ecosystem is core to our city's economic progress and future prosperity," said Mayor Lightfoot. "As the global capital for food innovation with the largest concentration of food and beverage Fortune 500s, I'm honored to welcome more than 600 founders, innovators and investors for our first-ever Chicago Venture Summit Future-of-Food."
According to Pitchbook data, Chicago food innovation companies raised $732 million in venture capital in 2021 alone, a 508 percent increase over 2019. In Q1 2022, local companies raised $111 million in venture capital.
"Our first-ever Chicago Venture Summit Future-of-Food is part of our expanded summit series focused on driving growth for our city's most important sectors" said Mark Tebbe, Chair of World Business Chicago's Innovation & Venture Council. "As our city's flagship founders and investors conference, our first-ever sector-focused summit continues to lead as one of the nation's premier startup and venture events"
Chicago Venture Summit Future-of-Food 2022 (the "Summit") kicked off on May 25 with a series of innovation showcases led by Chicago's leading food innovation hubs and investors: Food Foundry, Chicagoland Food & Beverage Network, and Cleveland Avenue. Of the more than 600 registered for the sold-out Summit, this year's event includes representation from 80+ VC/investment firms, 14+ Fortune 500s, 20 Consul Generals and trade offices, and 110+ local startups. The majority of startups in the Summit startup portfolio are led by either a female and/or founder of color. Today's program includes the following:
- Keynotes by Don Thompson - CEO & Founder, Cleveland Avenue; and Tracey Warner Halama - CEO, Vital Proteins;
- Corporate Innovation Panel featuring Accenture, Ferrero, Ingredion, JLL, Kraft Heinz, and Mondelez;
- Founders Panel featuring AYO Foods, Hazel Technologies, Nature's Fynd, Science on Call, and The Planting Hope Company;
- Investors Panel featuring Bluestein Ventures, Listen Ventures, Sandbox Sustainability Ventures, S2G Ventures, and Supply Change Capital.
"Growth across all industries and sectors in Chicago is being enabled through tech and innovation," says Michael Fassnacht, President & CEO, World Business Chicago; and, Chief Marketing Officer, City of Chicago. "Today Chicago's food, beverages, and agriculture sector is the nation's largest, generating over nine billion annually and employing over 65 thousand people; where over 2800 companies located here are actively participating and contributing to the city's vibrant startup and venture ecosystem."
Aligned with World Business Chicago's mission to drive equitable and inclusive growth, the Summit will donate a portion of the event's proceeds to various non-profits: the Children First Fund (The Chicago Public Schools Foundation), the Greater Chicago Food Depository, the Hatchery Chicago, and Urban Growers Collective.
World Business Chicago is proud to have the critical support of inaugural presenting sponsors - Accenture, BMO, Cleveland Avenue, Cooley, Deloitte, Ferrero, Ingredion, JLL, JP Morgan, P33, Quaker Foods, and Shapack Partners:
- "Chicago is home to one of Accenture's 11 innovation hubs across North America, as well as our food-focused innovation space: The Extract," said Jim Coleman, Senior Managing Director for Accenture's Chicago Office, and World Business Chicago Board Member. "We're proud to support the inaugural Chicago Venture Summit Future-of-Food and local startups that are helping transform the food ecosystem."
- "Entrepreneurship is critical to the continued growth of the food industry, especially here in Chicago where we are uniquely positioned to be the hub for innovation in the food and agriculture industry, which BMO has been supporting for generations," said David Casper, U.S. CEO of BMO Financial Group, and World Business Chicago board member. "We're very happy to partner with World Business Chicago to be part of this vibrant entrepreneurial community and to build on our long-term commitment to the food and agriculture industry."
- "Food founders and startups are truly reinventing the sector globally right here in Chicago," said Gregory Grossman, Founding Partner of Cooley's Chicago Office. "Chicago's startup ecosystem is thriving, and Cooley is proud to support premier national events like the Chicago Venture Summit for local founders, innovators, and investors."
- "Chicago's fast-growing food startup ecosystem is thriving," said Kathy Scherer, Chicago Managing Partner, Deloitte LLP, and World Business Chicago Board Member. "As we found in our recent Road to Next report, evolving consumer demand and digitization have propelled food-tech investment activity nationally and here in Chicago. Deloitte is a proud supporter of innovation, which allows entrepreneurs to drive both growth and opportunity."
- "As one of the world's leading producers of iconic brands like Ferrero Rocher, Nutella, Tic Tac, and our Illinois-made Butterfinger, Baby Ruth and Crunch - Ferrero's success wouldn't be possible without Chicago," said Todd Siwak, President and Chief Business Officer for Ferrero North America, and World Business Chicago Board Member. "Ferrero is deeply committed to the success of local food entrepreneurs and their innovative companies showcased at the inaugural Chicago Venture Summit Future-of-Food."
- "As a Fortune 500 which serves more than 19,000 customers in 60 industries in more than 120 countries, our global headquarters and workforce thrives right here in the Chicagoland area," said James P. Zallie, President and CEO of Ingredion. "As a presenting sponsor for the Chicago Venture Summit Future-of-Food, we believe the future of food industry will be influenced by many of Chicago's talented innovators, and we're excited to collaborate by using our nature-based ingredients to create innovative products that win in the marketplace."
- "As as a global real estate and investment management firm headquartered in Chicago, we're excited to see how the city's food innovation ecosystem will shape the future of the sector," said Dan Ryan, President for the Central Region at JLL, and World Business Chicago Board Member. "Our city's economic progress and success is truly led by our local entrepreneurs and innovators, and JLL is proud to support them to make Chicago a global innovation powerhouse."
- "Since 2016, JPMorgan has supported every Chicago Venture Summit to help local founders and our startup ecosystem," said Heather Webster, Managing Director for J.P. Morgan Private Bank in Chicago. JPMorgan is also a member of WBC's board of directors. "Chicago is home to one of the world's best food startup communities, and we are proud of our work for innovative sectors including the city's food and ag industry."
- "Historically, Chicago has all the right pieces: the talent, the companies, the academic institutions and more," says Brad Henderson, CEO of P33, a non-profit driving inclusive tech growth in Chicago. "Chicago has a history in fueling innovation in the food and ag sector. Today's incredible startups and established corporations will continue that legacy and together transform our startup economy."
- "Chicago is a leader when it comes to fostering growth in the food industry and Quaker continues to thrive in this city," said Robbert Rietbroek, General Manager and Senior Vice President of Quaker Foods North America, a subsidiary of PepsiCo, and World Business Chicago Board Member. "The Chicago Venture Summit Future-of-Food is a great platform for an iconic, global brand such as Quaker to collaborate with local founders and innovators."
- "Fulton Market District has become Chicago's most desired destination for food innovation companies, which complements the innovative world-renowned restaurants in the neighborhood," said Jeff Shapack, Founder and CEO of Shapack Partners and World Business Chicago Board Member. "Shapack Partners is honored to host our second Chicago Venture Summit at 167 Green, with this year being Chicago's new food innovation conference."
The Chicago Venture Summit Future-of-Food would not be possible without the active partnership of sponsors whose financial contributions directly support the participation of local founders who are part of the Summit's official startup portfolio. Innovation Sponsors include SRS Acquiom, Uber, and Valor Equity Partners. Startup Sponsors include 2112, Beam Suntory, Chicagoland Food & Beverage Network, Clique Studios, Food Foundry, Foxtrot, Ice Miller, The Ed Kaplan Family Institute for Innovation and Tech Entrepreneurship at the Illinois Institute of Technology, Kraft Heinz, Mars Wrigley, Mondelez, Naturally Chicago, Supply Change Capital, The Hatchery, and The Toronto Stock Exchange (TSX), Venture Partners include Bluestein Ventures, Capitalize VC, DOM Capital Group, Germin8 Ventures, Hyde Park Angels, Lofty Ventures, S2G Ventures, Sandbox Industries, Serra Ventures, and Zila Ventures.
For a second year in a row, the Chicago Venture Summit is excited to return to 167 Green in Chicago's Fulton Market District. The 640,000 square foot office building, developed by Shapack Partners and Focus and owned in partnership with Walton Street Capital, is a testament to its location and design. Recently, CCC Information Services, Foxtrot, FTX U.S., and others have announced their headquarters' relocation to the building, joining Kroll, WeWork and other innovative companies at 167 Green in their move to Fulton Market District. 167 Green features one of Chicago's largest Town Hall spaces, which doubles as a full size basketball court on the top floor of the building, in addition to a rooftop terrace, sitting room, game room and gym.
To learn more about the Chicago Venture Summit Future-of-Food agenda, startup portfolio, and speakers, please visit www.chicagoventuresummit.com.
ABOUT WORLD BUSINESS CHICAGO (WBC):
World Business Chicago serves a critical role in driving inclusive and equitable recovery throughout the city's 77 neighborhoods, focused on high growth sectors: transportation, distribution, & logistics; manufacturing; healthcare & life sciences, and our local innovation, startup, & venture ecosystem. As the City of Chicago's economic development agency, World Business Chicago leads corporate attraction & retention, workforce & talent, community impact, and promotion of Chicago as a leading global city. Supported by a council of 300+ local leaders, World Business Chicago's portfolio of innovation & venture programs include: the Chicago Venture Summit series, Startup Chicago, ThinkChicago, and Venture Engine with the Illinois Science and Technology Coalition (ISTC). Follow World Business Chicago on LinkedIn for daily news and announcements on company relocation and expansion; industry and ecosystem growth, U.S. and world rankings, and more about Chicago's economic progress.
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SOURCE World Business Chicago | https://www.wibw.com/prnewswire/2022/05/26/chicago-mayor-lori-e-lightfoot-amp-world-business-chicago-announce-inaugural-chicago-venture-summit-future-of-food/ | 2022-05-26T16:45:34Z |
BENSALEM, Pa., April 25, 2022 /PRNewswire/ -- Law Offices of Howard G. Smith announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Embark Technology, Inc. f/k/a Northern Genesis Acquisition Corp. II ("Embark" or the "Company") (NASDAQ: EMBK).
Class Period: January 12, 2021 – January 5, 2022
Lead Plaintiff Deadline: May 31, 2022
Investors suffering losses on their Embark investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to howardsmith@howardsmithlaw.com.
The complaint filed alleges that, throughout the Class Period, Defendants failed to disclose to investors that: (1) the Company had performed inadequate due diligence into Legacy Embark; (2) Legacy Embark and the Company following the Business Combination held no patents and an insignificant amount of test trucks; (3) accordingly, the Company had overstated its operational and technological capabilities; (4) as a result of all the foregoing, the Company had overstated the business and financial prospects of the Company post-Business Combination; and (5) as a result, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
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SOURCE Law Offices of Howard G. Smith | https://www.mysuncoast.com/prnewswire/2022/04/25/embk-investors-have-opportunity-lead-embark-technology-inc-fka-northern-genesis-acquisition-corp-ii-securities-fraud-lawsuit/ | 2022-04-25T16:33:50Z |
NEW YORK, July 27, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SNDL, MARA, RIOT, AFIB, and HLX.
To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link.
- SNDL: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=SNDL&prnumber=072720222
- MARA: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=MARA&prnumber=072720222
- RIOT: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=RIOT&prnumber=072720222
- AFIB: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=AFIB&prnumber=072720222
- HLX: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=HLX&prnumber=072720222
(Note: You may have to copy this link into your browser then press the [ENTER] key.)
InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street. We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.
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SOURCE InvestorsObserver | https://www.kxii.com/prnewswire/2022/07/27/thinking-about-buying-stock-sundial-growers-marathon-digital-riot-blockchain-acutus-medical-or-helix-energy-solutions/ | 2022-07-27T14:14:35Z |
NEW YORK, June 19, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Bakkt Holdings, Inc. f/k/a VPC Impact Acquisition Holdings (NYSE: BKKT, BKKT-WT) (NASDAQ: VIHAU, VIH, VIHAW) (a) between May 7, 2021 and February 25, 2022, inclusive (the "Class Period"); and/or (b) pursuant and/or traceable to the Offering Documents issued in connection with the business combination between the Company and Bakkt Holdings, LLC ("Legacy Bakkt") completed on or about October 15, 2021 (the "Business Combination") of the important June 21, 2022 lead plaintiff deadline.
SO WHAT: If you purchased Bakkt securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Bakkt class action, go to https://rosenlegal.com/submit-form/?case_id=5546 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 21, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, the Offering Documents were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading and were not prepared in accordance with the rules and regulations governing their preparation, and that throughout the Class Period defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, the Offering Documents and defendants made false and/or misleading statements and/or failed to disclose that: (1) Bakkt had defective financial controls; (2) as a result, there were errors in the Company's financial statements related to the misclassification of certain shares issued prior to the Business Combination; (3) accordingly, Bakkt would need to restate certain of its financial statements; (4) Bakkt downplayed the true scope and severity of these issues; (5) Bakkt overstated its remediation of its defective financial controls; and (6) as a result, the Offering Documents and defendants' public statements throughout the Class Period were materially false and/or misleading and failed to state information required to be stated therein. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Bakkt class action, go to https://rosenlegal.com/submit-form/?case_id=5546 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
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SOURCE Rosen Law Firm, P.A. | https://www.mysuncoast.com/prnewswire/2022/06/19/bkkt-final-deadline-alert-rosen-top-ranked-law-firm-encourages-bakkt-holdings-inc-fka-vpc-impact-acquisition-holdings-investors-with-losses-secure-counsel-before-important-june-21-deadline-securities-class-action-bkkt-bkkt-wt-vihau-vih-vihaw/ | 2022-06-19T18:15:58Z |
- DAMAC believes Miami is a natural fit given its luxury and fashion appeal
- Announcement comes at a time of rapid global expansion for the Dubai-based developer
DUBAI, UAE and MIAMI, May 27, 2022 /PRNewswire/ -- UAE-based DAMAC Properties has announced that it has won the US $120 million bid to acquire land in the upscale Miami neighbourhood of Surfside. The Dubai-based developer plans to build an ultra-luxurious, CAVALLI branded condominium project.
The property, on Collins Avenue, offers residents 200 feet of direct beach frontage and access to South Beach and Bal Harbour. The land, comprising 1.8 acres, was sold to DAMAC for $120 million through the court process.
Commenting on the purchase, DAMAC Chairman and Founder, Hussain Sajwani, said: "DAMAC Properties has long been eyeing development opportunities in Miami. We see the city, which is known for being a luxury and fashion centre, as a natural fit for our Company, which has an established reputation for its branded luxury offerings."
Surfside, in recent years, has become a hotspot for ultra-luxury condominium developments, including the Four Seasons Private Residences, the Fendi Chateau Residences, and the Arte Surfside buildings.
The town also has a collection of high-end hotels, including the Four Seasons, the St. Regis Bal Harbour, and the Ritz-Carlton Bal Harbour and its primary shopping area, the Bal Harbour Shops, is known throughout Miami as a luxury shopping destination.
DAMAC Properties, known for its luxury real estate offerings both regionally and globally, is rapidly expanding its global footprint such as its flagship project in Europe — DAMAC Towers Nine Elms in the prestigious Zone 1 district of London with Versace interiors.
The Surfside project will be DAMAC's first in the United States.
The Company's consistent success over the years, and more recently on the tailwinds of Dubai's stellar economic performance and forecast, has propelled it to eye various global opportunities for development and growth.
It is developing a luxury resort in the Maldives to be operated by global hotel brand Mandarin International and has already projects in Canada, the UK and across the Middle East.
In 2021, DAMAC Properties launched two projects in Dubai, DAMAC Lagoons, the developer's third master community in Dubai, and Cavalli Tower, an ultra-luxurious 70-storey tower overlooking Palm Jumeirah, with Cavalli-branded interiors. Both projects have seen great customer interest and demand.
"Our global expansion into the United States marks a major milestone and demonstrates that DAMAC is a force to be reckoned with. This is an exciting time, and we have a lot in store," Sajwani said.
"We are rapidly growing, not only in our real estate endeavours but in various sectors such as fashion, hospitality and even emerging industries such as the Metaverse, NFTs and data centres. This enables us to stay ahead of the curve," he concluded.
Photo - https://mma.prnewswire.com/media/1827765/DAMAC_1.jpg
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SOURCE DAMAC Properties | https://www.wibw.com/prnewswire/2022/05/27/dubai-based-damac-properties-makes-foray-into-us-real-estate-market-with-ultra-luxurious-cavalli-branded-miami-condos/ | 2022-05-27T16:08:36Z |
SAN ANTONIO, Aug. 25, 2022 /PRNewswire/ -- Jeanette Rice, one of the country's leading multifamily economists, is returning to Embrey as a research consultant. Rice and Embrey will collaborate to release quarterly market reports, including high-level capital and property market analysis, for the multifamily industry.
"Jeanette's extensive industry experience and knowledge will support Embrey's continued growth," said Garrett Karam, Embrey's Chief Investment Officer. "Her research, insights and predictions into the economic and capital market landscapes on a national, metro and submarket level serve as a great resource for multifamily professionals and investors."
Rice comes from CBRE, the largest multifamily debt and equity intermediary in the United States, where she served as Americas Head of Multifamily Research. Rice began her career in the multifamily sector, including leading market research for Embrey. Following Embrey, she held research leadership positions with HFF (now part of JLL), Lend Lease Real Estate Investments, Crescent Real Estate Equities and Verde Realty. Throughout her 40-year career, she has been active in many professional organizations, including the National Multifamily Housing Council, and currently is on the Executive Council of TCU Center for Real Estate.
"It's exciting to be associated with Embrey again. Since working with the organization at the beginning of my career I've watched and admired them. They make smart decisions that have led to continued success over the decades. I look forward to contributing my extensive knowledge of the multifamily sector and successful research structures to enhance Embrey's success," said Rice.
Rice earned a bachelor's degree in history from the University of Washington and a master's degree in urban geography from Queen's University in Canada. She also completed two years of graduate coursework in urban geography at The University of Chicago.
Reports can be found at EmbreyDC.com beginning September 2022.
San Antonio-based Embrey is a diversified real estate investment company that owns, develops, builds, acquires and manages multifamily and commercial assets in targeted markets across the United States. Since 1974, Embrey has developed more than 44,000 apartments and over 6 million square feet of commercial property. Embrey is a leading developer in the multifamily sector, with more than 6,000 units under construction or in development. www.embreydc.com
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SOURCE Embrey | https://www.kxii.com/prnewswire/2022/08/25/jeanette-rice-joins-embrey-lead-multifamily-research/ | 2022-08-25T15:56:40Z |
(Unless otherwise specified, all references to dollars set forth herein shall mean United States dollars.)
VANCOUVER, BC, May 27, 2022 /PRNewswire/ - Metalla Royalty & Streaming Ltd. ("Metalla" or the "Company") (TSXV: MTA) (NYSE American: MTA) is pleased to announce that it has entered into a new equity distribution agreement (the "Distribution Agreement") with a syndicate of agents (collectively, the "Agents") including BMO Nesbitt Burns Inc. (the "Lead Canadian Agent"), PI Financial Corp., and Scotia Capital Inc., as the Canadian agents, and BMO Capital Markets Corp. (the "Lead U.S. Agent") and Scotia Capital (USA) Inc., as the United States agents, for a new at-the-market equity program (the "2022 ATM Program").
The Distribution Agreement will allow the Company to distribute up to $50 million (or the equivalent in Canadian dollars) of common shares of the Company (the "Offered Shares") under the 2022 ATM Program. The Offered Shares will be issued by the Company to the public from time to time, through the Agents, at the Company's discretion. The Offered Shares sold under the 2022 ATM Program, if any, will be sold at the prevailing market price at the time of sale.
The net proceeds of any such sales under the 2022 ATM Program will be used to finance the future purchase of streams and royalties by the Company and for general working capital purposes.
Under the Distribution Agreement, sales of Offered Shares will be made by the Agents through "at-the-market distributions" as defined in National Instrument 44-102 – Shelf Distributions on the TSX Venture Exchange, NYSE American LLC or any other trading market for the Offered Shares in Canada or the United States. The Company is not obligated to make any sales of Offered Shares under the Distribution Agreement. Unless earlier terminated by the Company or the Agents as permitted therein, the Distribution Agreement will terminate upon the earlier of (a) the date that the aggregate gross sales proceeds of the Offered Shares sold under the 2022 ATM Program reaches the aggregate amount of $50 million (or the equivalent in Canadian dollars); or (b)June 12, 2024.
The 2022 ATM Program is being made pursuant to a prospectus supplement to the Company's short form base shelf prospectus dated May 12, 2022 and U.S. registration statement on Form F-10 filed May 10, 2022, as amended on May 12, 2022. The prospectus supplement relating to the 2022 ATM Program has been filed with the securities commissions in each of the provinces of Canada and with the United States Securities and Exchange Commission. Copies of the prospectus supplement, the Distribution Agreement and other relevant documents are available on SEDAR at www.sedar.com and EDGAR at www.sec.gov. Alternatively, the Lead Canadian Agent will send copies of such documents to Canadian investors upon request by contacting the Lead Canadian Agent at BMO Nesbitt Burns Inc. by mail at Mississauga Distribution Centre C/O The Data Group of Companies, 300A Kennedy Road South Brampton, Ontario L6W 4V2, by telephone at 905-696-8884 x4338 or by email at kennedywarehouse@datagroup.ca and the Lead U.S. Agent will send copies of such documents to United States investors upon request by contacting the Lead U.S. Agent at BMO Capital Markets Corp. by mail at 151 W 42nd Street, 32nd Floor, New York, NY 10036, attn: Equity Syndicate, by email at bmoprospectus@bmo.com or by telephone at 800-414-3627.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of, the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Metalla is a precious metals royalty and streaming company. Metalla provides shareholders with leveraged precious metal exposure through a diversified and growing portfolio of royalties and streams.
ON BEHALF OF METALLA ROYALTY & STREAMING LTD.
(signed) "Brett Heath" President and CEO
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accept responsibility for the adequacy or accuracy of this release.
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements"), within the meaning of applicable Canadian and United States securities legislation. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements in this news release include, but are not limited to, statements with respect to the future issuance of Offered Shares sold under the 2022 ATM Program; the aggregate gross proceeds of the 2022 ATM Program; and the use of proceeds from any sales of Offered Shares under the 2022 ATM Program. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. Forward-looking statements are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Metalla to control or predict, that may cause Metalla's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: Metalla may not sell any of the Offered Shares or may raise less than the maximum offering amount under the 2022 ATM Program; management has broad discretion in the use of proceeds from the 2022 ATM Program; compliance with regulatory requirements; risks associated with the impact of general business and economic conditions; the absence of control over mining operations from which Metalla will purchase precious metals or from which it will receive stream or royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans are refined; problems related to the ability to market precious metals or other metals; industry conditions, including commodity price fluctuations, interest and exchange rate fluctuations; interpretation by government entities of tax laws or the implementation of new tax laws; regulatory, political or economic developments in any of the countries where properties in which Metalla holds a royalty, stream or other interest are located or through which they are held; risks related to the operators of the properties in which Metalla holds a royalty or stream or other interest, including changes in the ownership and control of such operators; risks related to global pandemics, including the novel coronavirus (COVID-19) global health pandemic, and the spread of other viruses or pathogens; influence of macroeconomic developments; business opportunities that become available to, or are pursued by Metalla; reduced access to debt and equity capital; litigation; title, permit or license disputes related to interests on any of the properties in which Metalla holds a royalty, stream or other interest; the volatility of the stock market; competition; future sales or issuances of debt or equity securities; dividend policy and future payment of dividends; liquidity; market for securities; enforcement of civil judgments; and risks relating to Metalla potentially being a passive foreign investment company within the meaning of U.S. federal tax laws; and the other risks and uncertainties disclosed under the heading "Risk Factors" in the Company's most recent annual information form, annual report on Form 40-F and other documents filed with or submitted to the Canadian securities regulatory authorities on the SEDAR website at www.sedar.com and the U.S. Securities and Exchange Commission on the EDGAR website at www.sec.gov. Metalla undertakes no obligation to update forward-looking statements except as required by applicable law. Such forward-looking statements represent management's best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements.
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SOURCE Metalla Royalty and Streaming Ltd. | https://www.mysuncoast.com/prnewswire/2022/05/27/metalla-announces-updated-at-the-market-equity-program/ | 2022-05-27T21:18:39Z |
NEW YORK, Sept. 6, 2022 /PRNewswire/ -- Investcorp Credit Management BDC, Inc. (NASDAQ: ICMB) ("ICMB" or the "Company") announced its financial results today for its fiscal fourth quarter ended June 30, 2022.
HIGHLIGHTS
- On August 25, 2022, the Company's Board of Directors (the "Board") declared a distribution of $0.15 per share for the quarter ending September 30, 2022, payable in cash on October 14, 2022, to stockholders of record as of September 23, 2022.
- During the quarter, ICMB made investments in three new portfolio companies and one existing portfolio company. These investments totaled $28.7 million, at cost. The weighted average yield (at origination) of debt investments made in the quarter was 10.41%.
- ICMB fully realized four portfolio companies during the quarter, totaling $29.7 million in proceeds. The internal rate of return on these investments was 23.74%.
- During the quarter, the Company had net advances of $0.9 million on its existing delayed draw and revolving credit commitments to portfolio companies.
- The weighted average yield on debt investments, at cost, for the quarter ended June 30, 2022 was 10.01%, compared to 8.14% for the quarter ended March 31, 2022.
- Net asset value decreased $0.43 per share to $6.50, compared to $6.93 as of March 31, 2022. Net assets decreased by $6.2 million, or 6.26%, during the quarter ended June 30, 2022.
Mr. Michael C. Mauer, the Company's Chief Executive Officer, said, "We continue to invest in what we believe to be high-quality transactions with strong protections for our capital, despite the volatility of the broader market. While our NAV declined due to volatility in market spreads and equity valuation levels, we expect a recovery as loan spreads tighten and the equity market recovers from the summer lows. Our portfolio is diversified and invested with the goal of downside protection, including in a recessionary environment."
The Company's dividend framework provides a quarterly base dividend and may be supplemented, at the discretion of the Board, by additional dividends as determined to be available by the Company's net investment income and performance during the quarter.
On August 25, 2022, the Board declared a distribution of $0.15 per share for the quarter ending September 30, 2022, payable in cash on October 14, 2022, to stockholders of record as of September 23, 2022.
This distribution represents a 14.15% yield on the Company's $4.24 share price as of market close on June 30, 2022. Distributions may include net investment income, capital gains and/or return of capital, however, the Company does not expect the dividend for the quarter ending June 30, 2022, to be comprised of a return of capital. The Company's investment adviser monitors available taxable earnings, including net investment income and realized capital gains, to determine if a return of capital may occur for the year. The Company estimates the source of its distributions as required by Section 19(a) of the Investment Company Act of 1940 to determine whether payment of dividends are expected to be paid from any other source other than net investment income accrued for the current period or certain cumulative periods, but the Company will not be able to determine whether any specific distribution will be treated as taxable earnings or as a return of capital until after at the end of the taxable year.
Portfolio and Investment Activities
During the quarter, the Company made investments in three new portfolio companies and one existing portfolio company. The aggregate capital invested during the quarter totaled $28.7 million, at cost, and the debt investments were made at a weighted average yield of 10.41%.
The Company received proceeds of $33.8 million from repayments, sales and amortization during the quarter, primarily related to the realizations of Adaptive Spectrum and Signal Alignment, GS Operating, LLC, Klein Hersh, LLC, and Patriot MMG Buyer, Inc.
During the quarter, the Company had net advances of $0.9 million on its existing delayed draw and revolving credit commitments to portfolio companies.
The Company's net realized, and unrealized gains and losses accounted for a decrease in the Company's net investments of $6.6 million, or $0.46 per share. The total net decrease in net assets resulting from operations for the quarter was $4.1 million, or $0.28 per share.
As of June 30, 2022, the Company's investment portfolio consisted of investments in 35 portfolio companies, of which 91.9% were first lien investments and 8.1% were equity, warrants, and other investments. The Company's debt portfolio consisted of 99.6% floating rate investments and 0.4% fixed rate investments.
The Company continues to assess the impact of the COVID-19 pandemic on its portfolio companies and will continue to closely monitor its portfolio companies throughout this period, including assessing portfolio companies' operational and liquidity exposure and outlook. For additional information about the COVID-19 pandemic and its potential impact on the Company's results of operations and financial condition, please refer to the disclosure in the Company's annual report on Form 10-K for the fiscal year ended June 30, 2022 to be filed with the Securities and Exchange Commission.
Capital Resources
As of June 30, 2022, the Company had $9.2 million in cash, of which $6.6 million was restricted cash, and $31.0 million unused capacity under its revolving credit facility with Capital One, N.A.
Subsequent Events
Subsequent to June 30, 2022 and through September 2, 2022, the Company invested a total of $19.6 million, which included investments in four new portfolio companies and received $9.4 million in repayments. As of September 2, 2022, the Company had investments in 38 portfolio companies.
About Investcorp Credit Management BDC, Inc.
The Company is an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. The Company's investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation through debt and related equity investments by targeting investment opportunities with favorable risk-adjusted returns. The Company seeks to invest primarily in middle-market companies that have annual revenues of at least $50mm and earnings before interest, taxes, depreciation, and amortization of at least $15mm. The Company's investment activities are managed by its investment adviser, CM Investment Partners LLC. To learn more about Investcorp Credit Management BDC, Inc., please visit www.icmbdc.com.
Forward-Looking Statements
Statements included in this press release and made on the earnings call for the quarter ended June 30, 2022, may contain "forward-looking statements," which relate to future performance, operating results, events and/or financial condition. Words such as "anticipates," "expects," "intends," "plans," "will," "may," "continue," "believes," "seeks," "estimates," "would," "could," "should," "targets," "projects," and variations of these words and similar expressions are intended to identify forward-looking statements. Any forward-looking statements, including statements other than statements of historical facts, included in this press release or made on the earnings call are based upon current expectations, are inherently uncertain, and involve a number of assumptions and substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the Company's control.
Investors are cautioned not to place undue reliance on these forward-looking statements. Any such statements are likely to be affected by other unknowable future events and conditions, which the Company may or may not have considered, including, without limitation, the impact of the COVID-19 pandemic, changes in base interest rates and the effects of significant market volatility on our business, our portfolio companies, our industry and the global economy. Accordingly, such statements cannot be guarantees or assurances of any aspect of future performance or events. Actual results may differ materially from those anticipated in any forward-looking statements as a result of a number of factors and risks. More information on these risks and other potential factors that could affect actual events and the Company's performance and financial results, including important factors that could cause actual results to differ materially from plans, estimates or expectations included herein or discussed on the earnings call, is or will be included in the Company's filings with the Securities and Exchange Commission, including in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. All forward-looking statements speak only as of the date they are made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.
Contacts
Investcorp Credit Management BDC, Inc.
Investor Relations
Email: icmbinvestorrelations@investcorp.com
Phone: (646) 690-5034
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SOURCE Investcorp Credit Management BDC | https://www.kxii.com/prnewswire/2022/09/06/investcorp-credit-management-bdc-inc-announces-financial-results-quarter-ended-june-30-2022-quarterly-distribution/ | 2022-09-06T22:06:51Z |
BOSTON, April 6, 2022 /PRNewswire/ -- ENSEM Therapeutics Inc. (ENSEM), a Boston-based biotechnology company focusing on high value and difficult-to-drug oncology targets, announced today the closing of a series A2 financing. Incubated by CBC group since 2021, the financing is led by GGV Capital, with participation from Pavilion Capital, Cenova Capital, Mitsui & Co. Global Investment, Inc., and CBC Group, bringing the series A total to $67 million.
"The pharma/biotech industry has been facing a severe bottleneck imposed by a limited number of druggable targets and the slow pace at which new discoveries can be advanced to clinical trials." said Sean Cao, CEO of ENSEM and Managing Director of CBC Group. "The ENSEM team is made up of veteran drug hunters with extensive experience in advancing novel medicines into clinical trials and regulatory approvals. We will combine new tools coupled with AI and machine learning to break these barriers."
"Biomolecules such as proteins and RNAs are in constant motion, with an ensemble of conformations that govern their functions. Traditional approaches have been ineffective in productively capturing these dynamic states due to experimental and computational limitations," said Shengfang Jin, Ph.D., President and Chief Scientific Officer of ENSEM. "Our team has developed Kinetic EnsembleTM, a novel multi-tiered platform integrating molecular simulation, AI deep learning, and advanced experimental validation by state-of-the-art macromolecular dynamic techniques. We expect many of these programs will reveal non-obvious binding sites as drug targets and create novel classes of small molecule therapeutics."
"ENSEM has made remarkable progress in a short time," said Joshua Wu, Partner of GGV Capital. "The rich industry and technical expertise of this founding team and its unique platform are the core assets of an exciting AI drug discovery company. We believe ENSEM's differentiated technologies will enable a new generation of drug targets. We are excited to co-lead the series A2 financing and partner with the ENSEM team to accelerate its growth."
Proceeds will be used to further advance the company's Kinetic EnsembleTM platform and accelerate R&D pipeline.
About ENSEM Therapeutics
ENSEM is a pioneering drug discovery and development company that leverages its unique Kinetic EnsembleTM platform to develop innovative small molecule precision medicines for oncology, with potential expansion into genetic disorders and other disease areas. ENSEM integrates computational and AI deep learning methodologies with advanced experimental techniques to identify non-obvious binding pockets and accelerate structure-based drug design, with a focus on high-value and difficult-to-drug targets.
For more information, please visit www.ensemtx.com.
About CBC Group
CBC Group, Asia's largest healthcare-dedicated investment firm, is committed to creating value and integrating global resources. Partnering with the world's top entrepreneurs and scientists, its unique investor-operator approach has empowered global leading healthcare companies to widen access to affordable medical care, catalyze innovations, and improve efficiency in fulfilling unmet medical needs worldwide. Founded in 2014, CBC has a leading team of investment, industry and portfolio management professionals headquartered in Singapore with offices in Shanghai, Beijing, Hong Kong and New York, and presences in Boston, San Diego, San Francisco, and Tokyo. CBC focuses on platform-building, buyout, credit and growth-focused opportunities across multiple core areas within the healthcare sector, including pharmaceutical and biotech, medical technology and healthcare services.
For more information, please visit www.cbridgecap.com.
About GGV
GGV Capital is a global venture firm that invests in local founders. With $9.2 billion under our management, we have investments in the United States, Canada, China, Southeast Asia, India, Latin America, and Israel. As a multi-stage, sector-focused firm, GGV Capital invests in seed-to-growth stage companies across three sectors: Social/Internet, Enterprise Tech, and Smart Tech. Over the past two decades, we have backed more than 400 companies around the world, including Affirm, Airbnb, Alibaba, Big Commerce, Boss Zhipin, Grab, HashiCorp, Hello, JD MRO, Keep, Kujiale, Manbang, NIU, Opendoor Technologies, Peloton, Poshmark, Qunar/Ctrip, Slack, Square, StockX, Udaan, Wish, Xpeng, Zendesk, and more.
About Pavcap
Pavilion Capital International Pte. Ltd. (Pavilion) is an investment company established in Singapore in 2012. Pavilion focuses on private equity/venture capital funds and direct investments in companies that leverage on the economic growth and transformation of North Asia and Southeast Asia. Pavilion seeks investment opportunities across different sectors, particularly in technology and healthcare.
Pavilion is an indirect wholly owned subsidiary of Temasek Holdings.
About Cenova
Cenova Capital is one of the earliest healthcare funds dedicated to early and growth-stage investments in the life sciences and healthcare sectors. Since inception in 2010, Cenova Capital now has six funds under management with investments in over 80 companies in pharmaceuticals, medical devices, healthcare services and digital health. Cenova Capital's investors are mainly large international institutional investors including Asian sovereign wealth investors, insurance companies, financial institutions and multinational companies.
About Mitsui & Co. Global Investment, Inc.
Mitsui & Co. Global Investment, Inc. (MGI), a 100% subsidiary of Mitsui & Co. Ltd., was established in 1996, with its headquarters in Silicon Valley and branches in Tokyo and Beijing. MGI has been engaging in investments in startups and focus areas covering IT and communication, healthcare and biotech and industrial opportunities. Since its establishment, MGI has invested in and managed over 100 portfolio companies. Our vision is to leverage Mitsui's global network and provide portfolio companies support to build their business and guide them onto the global stage.
Contacts
EMAIL
info@ensemtx.com
PHONE
781-874-2500
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SOURCE CBC Group | https://www.kxii.com/prnewswire/2022/04/06/ensem-therapeutics-cbc-group-incubated-biopharma-company-raises-67-million-series-financing-develop-small-molecule-medicines-difficult-to-drug-targets/ | 2022-04-06T23:44:16Z |
VANCOUVER, British Columbia (AP) — Canada’s government said Tuesday it will allow British Columbia to try a three-year experiment in decriminalizing possession of small amounts of drugs, seeking to stem a record number of overdose deaths by easing fear of arrest by users in need of help.
The policy approved by federal officials doesn’t legalize the substances, but Canadians in the Pacific coast province who possess up to 2.5 grams of illicit drugs for personal use will not be arrested or charged.
The three-year exemption taking effect Jan. 31 will apply to drug users 18 and over and include opioids, cocaine, methamphetamine and MDMA, also known as ecstasy.
“Stigma and fear of criminalization cause some people to hide their drug use, use alone, or use in other ways that increase the risk of harm. This is why the Government of Canada treats substance use as a health issue, not a criminal one,” tweeted Dr. Theresa Tam, Canada’s chief public health officer.
The province’s health officer, Dr. Bonnie Henry, said that “we are taking an important step forward to removing that fear and shame and stigma.”
“This is not one single thing that will reverse this crisis but it will make a difference,” she added.
Dana Larsen, a drug policy reform activist, called the announcement “a step in the right direction,” but said he would prefer to see development of a safe drug supply.
“It’s not going to stop anybody dying of an overdose or drug poisoning,” Larsen said. “The drugs are still going to be contaminated.”
“I think we need stores where you can go in and find legal heroin, legal cocaine and legal ecstasy and things like that for adults,” he said. “The real solution to this problem is to treat it like alcohol and tobacco.”
Alissa Greer, an assistant professor at Simon Fraser University who has a doctorate in public health, said a regulated decriminalization of drugs could help lessen overdose deaths.
She said it would be good for users to be able to obtain drugs from “a regulated supply through various models, whether that’s a prescription model, a pharmacy model, more of a compassion club model … rather than going down to 7-Eleven and buying heroin.”
British Columbia is the first Canadian province to apply for an exemption from Canada’s drug laws.
In 2001, Portugal became the first country in the world to decriminalize the consumption of all drugs. People caught with less than a 10-day supply of any drug are usually sent to a local commission, consisting of a doctor, lawyer and social worker, where they learn about treatment and available medical services.
In 2020, Oregon voted to become the first U.S. state to decriminalize hard drugs. Under the change, possession of controlled substances is a newly created Class E “violation,” instead of a felony or misdemeanor. It carries a maximum $100 fine, which can be waived if the person calls a hotline for a health assessment. The call can lead to addiction counseling and other services.
Carolyn Bennett, federal minister of mental health and addictions, said the experiment in British Columbia could serve as a template for other jurisdictions in Canada.
“This time-limited exemption is the first of its kind in Canada,” she said. “Real-time adjustments will be made upon receiving analysis of any data that indicates a need to change.”
Since 2016, there have been over 9,400 deaths due to toxic illicit drugs in British Columbia, with a one-year record of 2,224 in 2021.
Vancouver Mayor Kennedy Stewart said he gets emails every Monday on drug deaths, including nine last week and 12 the week before. He said one week it was his own family member.
“I felt like crying, and I still feel like crying. This is a big, big thing,” Stewart said.
The 2.5-gram limit set by federal officials for the experiment falls short of the 4.5 grams requested by British Columbia. The higher amount already had been called too low a threshold by some drug-user groups that have said the province didn’t adequately consult them.
Sheila Malcolmson, British Columbia’s minister of mental health, said fear of being criminalized has led many people to hide their addiction and use drugs alone.
“Using alone can mean dying alone, particularly in this climate of tragically increased illicit drug toxicity,” Malcolmson said.
She said the coroner in British Columbia reports that between five and seven people die a day in the province from overdoses and that half of those happen in a private home, often when people are alone.
“Fear and shame keeps drug use a secret,” she said.
—-
Gillies reported from Toronto. | https://cw33.com/health/ap-health/canada-to-temporarily-decriminalize-certain-drugs-in-bc/ | 2022-06-01T01:59:56Z |
Studies to be discussed at the 2022 AACC Annual Scientific Meeting
CHICAGO, July 26, 2022 /PRNewswire/ -- Two studies presented today at the 2022 AACC Annual Scientific Meeting & Clinical Lab Expo reveal how SARS-CoV-2 antibody levels vary among recipients of COVID-19 vaccines and naturally infected individuals. These findings add to a growing body of knowledge that is essential for guiding public health initiatives, and that might one day enable clinicians to assess individuals' immunity to SARS-CoV-2.
Antibody Response to SARS-CoV-2 Vaccination in Children and Adolescents Higher than Adults
Researchers led by PhD candidate Mary Kathryn Bohn of the Hospital for Sick Children in Toronto, Canada, have found that children tend to have higher antibody levels against the SARS-CoV-2 virus following administration of mRNA vaccines than adults.
Bohn's study enrolled 644 vaccinated participants (312 adults and 332 children) who ranged in age from 6-79 years, along with a control group of 168 individuals with no history of SARS-CoV-2 infection or vaccination. The researchers assessed participants' blood samples using two commercially available coronavirus antibody tests.
The results from this showed that the mean antibody level (± standard deviation) in pediatric participants was 2,037 ± 1,515 binding antibody units/mL, while in adult participants it was only 1,444 ± 1,277 binding antibody units/mL—a statistically significant difference. Overall, among participants who received two doses of an mRNA vaccine at the time of blood collection, antibody responses decreased over time after the most recent dose. However, among a subset of 60 participants who were followed over a five-month period, antibody levels increased 10-fold after a booster dose. Nearly all (98%) people with no history of vaccination or known exposure to the coronavirus had negative antibody results. It's possible the remaining 2% may have had exposures or asymptomatic cases, Bohn said.
It's not surprising that children would have higher antibodies as they are likely to have fewer comorbidities and more active immune systems, Bohn said. However, it's worth noting that significant variation in antibody levels was observed across participants of similar ages. In light of this, she added that, "future work is needed to relate antibody presence to functional immune response as well as breakthrough infections."
Prior COVID Infection, Lack of Hypertension Yield Higher Antibodies After mRNA Vaccines
Separate research led by Kimia Sobhani, PhD, of Cedars Sinai Medical Center in Los Angeles, studied characteristics associated with variable antibody responses to the Pfizer-BioNTech vaccine. Sobhani's team measured the blood antibody levels of 843 healthcare workers at the medical center for 10 months after participants completed a two-dose vaccine regimen. Participants submitted a health questionnaire and at least two blood samples for analysis.
For the duration of the study, 99.6% of individuals remained positive for vaccine-induced antibodies against the virus's spike protein. Those with prior SARS-CoV-2 infection had higher antibodies, as did females and younger participants (i.e., those below the median cohort age of 42 years). Additionally, those who did not have hypertension had persistently higher antibodies. However, prior SARS-CoV-2 infection modified the associations of hypertension—i.e., participants who had not been infected and who had hypertension had persistently lower antibodies, while prior-infected individuals who had hypertension exhibited relatively higher antibodies that remained higher over time.
The findings offer insights into factors that may influence "hybrid" immunity brought about by natural infection combined with vaccination, Sobhani said. "Everyone that we studied remained in the positive range for antibodies measured during the entire timeframe they were followed post-vaccination," she said. "Whether that level of positivity is correlated to some degree of protection remains to be determined, because thresholds have not yet been validated or agreed upon." She added that T cell responses also may provide insight, and are another area that her team plans to study.
Abstract Information
AACC Annual Scientific Meeting registration is free for members of the media. Reporters can register online here: https://www.xpressreg.net/register/aacc0722/media/landing.asp
Abstract A-077: Longitudinal analysis of characteristics associated with variable antibody response to BNT162b2 vaccination among healthcare workers over ten months will be presented during:
Scientific Poster Session
Tuesday, July 26
9:30 a.m. – 5 p.m. (presenting author in attendance from 1:30 – 2:30 p.m.)
Poster Hall, Clinical Lab Expo show floor
McCormick Place Convention Center
Chicago
About the 2022 AACC Annual Scientific Meeting & Clinical Lab Expo
The AACC Annual Scientific Meeting offers 5 days packed with opportunities to learn about exciting science from July 24-28. Plenary sessions will explore artificial intelligence-based clinical prediction models, advances in multiplex technologies, human brain organogenesis, building trust between the public and healthcare experts, and direct mass spectrometry techniques.
At the AACC Clinical Lab Expo, more than 750 exhibitors will fill the show floor of the McCormick Place Convention Center in Chicago with displays of the latest diagnostic technology, including but not limited to COVID-19 testing, artificial intelligence, mobile health, molecular diagnostics, mass spectrometry, point-of-care, and automation.
About AACC
Dedicated to achieving better health through laboratory medicine, AACC brings together more than 70,000 clinical laboratory professionals, physicians, research scientists, and business leaders from around the world focused on clinical chemistry, molecular diagnostics, mass spectrometry, translational medicine, lab management, and other areas of progressing laboratory science. Since 1948, AACC has worked to advance the common interests of the field, providing programs that advance scientific collaboration, knowledge, expertise, and innovation. For more information, visit www.aacc.org.
Christine DeLong
AACC
Senior Manager, Communications & PR
(p) 202.835.8722
cdelong@aacc.org
Molly Polen
AACC
Senior Director, Communications & PR
(p) 202.420.7612
(c) 703.598.0472
mpolen@aacc.org
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SOURCE AACC | https://www.kxii.com/prnewswire/2022/07/26/novel-research-sheds-light-antibody-responses-sars-cov-2-virus-vaccines/ | 2022-07-26T15:14:53Z |
WILKES-BARRE, Pa. (AP) — President Joe Biden on Tuesday railed against the “MAGA Republicans in Congress” who have refused to condemn the Jan. 6, 2021, assault on the U.S. Capitol and now are targeting the FBI as he tried to portray Democrats as the true pro-law enforcement party ahead of the November midterms.
In remarks initially billed as a crime-prevention speech, Biden seized on comments from allies of former President Donald Trump who have called for stripping funding from the FBI since it executed a search warrant at Trump’s Florida residence. Biden’s remarks were the first substantive defense he has made of the FBI since the Aug. 8 search at Mar-a-Lago, which triggered not just withering criticism of the agency but threats of violence against its employees.
“It’s sickening to see the new attacks on the FBI, threatening the life of law enforcement and their families, for simply carrying out the law and doing their job,” Biden said before a crowd of more than 500 at Wilkes University in Pennsylvania. “I’m opposed to defunding the police; I’m also opposed to defunding the FBI.”
It was a notably different tack for Biden, who has steered clear of extensively commenting on any element of the Justice Department’s investigation since federal agents conducted the search at Trump’s estate. Biden also appeared to call out — without naming him — recent comments from Sen. Lindsey Graham, R-S.C., who warned of “riots in the streets” should Trump ultimately face prosecution.
“The idea you turn on a television and see senior senators and congressmen saying, ‘If such and such happens there’ll be blood on the street’?” Biden said. “Where the hell are we?”
The speech Tuesday continued Biden’s aggressive rhetoric against the GOP ahead of the midterms, as Democrats enjoy a slightly brighter political environment buoyed by significant legislative accomplishments and a presidential approval rating that has trended slightly upward. During a political rally in the Washington suburbs last week, Biden likened Republican ideology to “semi-fascism.” He is set to deliver a democracy-focused speech on Thursday in Philadelphia that the White House has said “will make clear” who is fighting for democratic values.
As he has done before, Biden on Tuesday criticized GOP officials who have refused to denounce the pro-Trump rioters who breached the U.S. Capitol nearly 20 months ago. Referencing Trump’s “Make America Great Again” slogan, Biden said, “Let me say this to my MAGA Republican friends in Congress: Don’t tell me you support the law enforcement if you won’t condemn what happened on the 6th.”
The campaign-style speech near Biden’s birthplace was the first of three visits by the president in less than a week to the state that is home to a competitive governor’s race and a U.S. Senate contest that could help determine whether Democrats will keep their majority in the chamber. Trump is hosting his own rally in Pennsylvania on Saturday.
Democrats believe Pennsylvania is their strongest opportunity to flip a Senate seat currently held by Republicans. Meanwhile, the open race for governor will give the winner power over how 2024’s presidential election is run in a battleground state that is still buffeted by Trump’s baseless claims that Democrats fraudulently stole the 2020 election from him.
Biden’s comments on the FBI come as his son Hunter faces a federal investigation for tax evasion. He has not faced any charges, and he’s previously denied wrongdoing.
The president also used his remarks Tuesday to promote his administration’s crime-prevention efforts and to continue to pressure Congress to revive a long-expired federal ban on assault-style weapons. Democrats and Republicans worked together in a rare effort to pass gun safety legislation earlier this year after massacres in Buffalo, New York, and Uvalde, Texas. They were the first significant firearm restrictions approved by Congress in nearly three decades, but Biden has repeatedly said more needs to be done.
“We beat the NRA. We took them on and beat the NRA straight up. You have no idea how intimidating they are to elected officials,” an animated Biden said. “We’re not stopping here. I’m determined to ban assault weapons in this country! Determined. I did it once before. And I’ll do it again.”
As a U.S. senator, Biden played a leading role in temporarily banning assault-style weapons, including firearms similar to the AR-15 that have exploded in popularity in recent years, and he wants to put the law back into place. Biden argued that there was no rationale for such weapons “outside of a war zone” and noted that parents of the young victims at Robb Elementary School in Uvalde had to supply DNA because the weapon used in the massacre rendered the bodies unidentifiable.
“DNA, to say that’s my baby!” Biden said. “What the hell is the matter with us?”
Democrats are trying to blunt Republican efforts to use concern about crime to their advantage in the midterms. It’s a particularly fraught issue in Pennsylvania, a key swing state.
The Republican candidate for governor, Doug Mastriano, accuses Democrat Josh Shapiro of being soft on crime as the state’s twice-elected attorney general, saying Shapiro “stands aside” as homicides rise across Pennsylvania.
Homicides have been increasing in Pennsylvania, but overall crime seems to have fallen over the last year, according to state statistics.
“The real heroes here are the people who put on the uniform every single day,” said Shapiro, who spoke shortly before Biden’s remarks at Wilkes University. “We know that policing is a noble profession, and we know that we need to stand with law enforcement.”
In the U.S. Senate race, heart surgeon turned television celebrity Dr. Mehmet Oz, the Republican nominee, has tried to portray the Democratic candidate, Lt. Gov. John Fetterman, as extreme and reckless on crime policy.
Fetterman has endorsed recommendations that more geriatric and rehabilitated prisoners can be released from state prisons without harming public safety. Oz and Republicans have distorted that into the claim that Fetterman wants to release “dangerous criminals” from prisons or that he’s in favor of “emptying prisons.”
Fetterman’s campaign on Tuesday released a new 30-second ad emphasizing that Fetterman — as mayor of the tiny, impoverished western Pennsylvania steel town of Braddock from 2006 through 2018 — has dealt with street-level crime, and Oz hasn’t. In the ad, Fetterman said he ran for mayor “to stop the violence” after two of his students in an afterschool program were murdered and “I worked side by side with police.”
Fetterman was not in Wilkes-Barre with Biden on Tuesday, but he’s expected to march in Pittsburgh’s Labor Day parade when the president visits Sept. 5. Biden also will be in Pennsylvania on Thursday for a prime-time speech that the White House said will address “the continued battle for the soul of the nation” and defending democracy.
___
Levy reported from Harrisburg, Pa., and Kim reported from Washington. Associated Press writer Emily Swanson contributed to this report.
___
Follow AP’s coverage of President Joe Biden at https://apnews.com/hub/joe-biden. | https://cw33.com/news/politics/ap-politics/ap-biden-to-talk-crime-gun-control-in-swing-state-pennsylvania/ | 2022-08-31T04:39:59Z |
KANSAS CITY, Mo., April 11, 2022 /PRNewswire/ -- Custom Truck One Source, Inc. ("Custom Truck" or the "Company") (NYSE: CTOS) today announced that Vice Admiral Mary Jackson U.S. Navy (Retired) was appointed to its Board of Directors, filling a vacancy. Vice Admiral Jackson was also appointed to serve on both the Audit and Compensation Committees of Custom Truck's Board. The Company has determined that Vice Admiral Jackson is an independent director under the New York Stock Exchange and Securities and Exchange Commission rules.
"We are extremely fortunate that Vice Admiral Jackson has agreed to become a member of our Board," said Fred Ross, Custom Truck's CEO. "Her distinguished and impressive service to our country, as well as her post-civil service accomplishments, would be beneficial to any organization. Everyone at Custom Truck very much looks forward to working with Vice Admiral Jackson."
Marshall Heinberg, Custom Truck's Chairman, stated, "I have had the pleasure to know and work with Vice Admiral Jackson in the past and her experience and knowledge will certainly add value to our Board and Company. Her specific experience in logistics and supply-chain management from her naval career will assist Custom Truck in navigating current and future supply chain environments."
Commenting on her appointment to the Company's Board Vice Admiral Jackson said, "I am happy to be joining the Custom Truck team and lending my experience and knowledge to the Company, the Board and its Audit and Compensation Committees."
About Vice Admiral Jackson
Vice Admiral Jackson retired in July 2020 after over three decades of service in the United States Navy. She began her career as a Surface Warfare Officer serving on and off Navy warships achieving command of USS McFAUL (DDG 74), an Arleigh Burke class destroyer. She subsequently went on to command the Navy's largest Navy base, Naval Station Norfolk where she was the equivalent of a city manager or Mayor for a city with a population of 64,000 people, managing operational and service industries while managing the Navy's relationship with local agencies, surrounding communities, regulators, and national media. Upon selection as a Flag Officer, Vice Admiral Jackson served in Shore installation Regional and Enterprise level (Navy Installations Command) assignments ultimately accountable for $7.5 billion and 53,000 personnel executing efficient and effective operational, material and personnel programs from facility management, utilities, port and air operations, security, crisis response, and Sailor/family support services (lodging, food services, childcare, fitness) for 71 Navy installations across 10 Regions providing global support to the Navy and Joint forces.
Currently, Vice Admiral Jackson remains engaged through a portfolio of activities, including service as an Independent Director, consulting as an advisor to clients, and serving as a board member for the Greater Jacksonville Area USO and the Surface Navy Association. Additionally, she is the Chair of the Steven A. Cohen Military Family Clinic at Centerstone Jacksonville Advisory Council and serves on the Blue Star Families Racial Equity Committee.
Vice Admiral Jackson holds a Bachelors Degree in Physics (Oceanography emphasis) from the United States Naval Academy and a Masters of Engineering Management from The George Washington University.
About Custom One Truck One Source
Custom Truck One Source, Inc. (NYSE: CTOS) is a leading provider of specialized truck and heavy equipment solutions to the utility, telecommunications, rail and infrastructure markets in North America. The Company's solutions include rentals, sales, aftermarket parts, tools, accessories and service, equipment production, manufacturing, financing solutions, and asset disposal. With vast equipment breadth, the Company's team of experts service its customers across an integrated network of locations across North America. For more information, please visit customtruck.com.
Investor Contact
Brian Perman, Vice President, Investor Relations
844-403-6138
investors@customtruck.com
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SOURCE Custom Truck One Source, Inc. | https://www.wibw.com/prnewswire/2022/04/11/custom-truck-one-source-announces-appointment-vice-admiral-mary-jackson-board-directors/ | 2022-04-11T21:43:27Z |
PHILADELPHIA, July 20, 2022 /PRNewswire/ -- Berger Montague is investigating securities fraud allegations on behalf of investors who purchased the securities Unilever PLC ("Unilever" or the "Company") (NYSE: UL) between September 2, 2020 and July 21, 2021 (the "Class Period").
If you purchased the securities of Unilever during the Class Period, would like to discuss Berger Montague's investigation, or have questions concerning your rights or interests, please contact attorneys Andrew Abramowitz at aabramowitz@bm.net or (215) 875-3015, or Michael Dell'Angelo at mdellangelo@bm.net or (215) 875-3080 or visit: https://investigations.bergermontague.com/unilever-plc-/
A recently filed lawsuit alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose that in July 2020, Ben & Jerry's board passed a resolution to end sales of its ice cream in "Occupied Palestinian Territory," as well as the risks attendant to the board's decision. Additionally, Unilever's description of its legal risks omitted discussion of Ben & Jerry's boycott decision, which risked adverse governmental actions for violations of laws, executive orders, or resolutions aimed at discouraging boycotts, divestment, and sanctions of Israel adopted by 35 U.S. states ("Anti-BDS Legislation").
On July 19, 2021, Unilever and its hand-picked Ben & Jerry's CEO, Matthew McCarthy, finally "operationalized" the Ben & Jerry's board's resolution to boycott Israel. Ben & Jerry's announced on its website and through its Twitter account that, upon the expiration of the current licensing agreement by which its products had been distributed in Israel for decades, Ben & Jerry's would end sales of its ice cream in "Occupied Palestinian Territory" but Ben & Jerry's would purportedly continue to sell its products in Israel. On this news, the price of Unilever ADRs fell.
Then, July 22, 2021, CNBC reported that the states of Texas and Florida were examining Ben & Jerry's actions in connection with the states' Anti-BDS Legislation. Being added to the list also meant that Unilever would not be able to enter or renew contracts with the state or any municipality in Florida. On this news, the price of Unilever ADRs fell more than 5%, further damaging investors.
Ultimately, the states of New York, New Jersey, Florida, Texas, Illinois, Colorado, and Arizona announced decisions to divest their pension fund investments in Unilever due to violations of their Anti-BDS Legislation.
Berger Montague, with offices in Philadelphia, Minneapolis, Washington, D.C., and San Diego, has been a pioneer in securities class action litigation since its founding in 1970. Berger Montague has represented individual and institutional investors for over five decades and serves as lead counsel in courts throughout the United States.
Whistleblowers: Anyone with non-public information regarding Unilever is encouraged to confidentially assist Berger Montague's investigation or take advantage of the SEC Whistleblower program. Under this program, whistleblowers who provide original information may receive rewards totaling up to thirty percent (30%) of recoveries obtained by the SEC. For more information, contact us.
Contacts
Andrew Abramowitz, Senior Counsel
Berger Montague
(215) 875-3015
aabramowitz@bm.net
Michael Dell'Angelo, Executive Shareholder
Berger Montague
(215) 875-3080
mdellangelo@bm.net
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SOURCE Berger Montague | https://www.mysuncoast.com/prnewswire/2022/07/20/berger-montague-investigates-securities-fraud-allegations-against-unilever-plc-nyse-ul-lead-plaintiff-deadline-is-august-15-2022/ | 2022-07-20T22:54:01Z |
Analysis of nearly 23 million lab tests finds only 1 in 3 patients with latent tuberculosis were also tested for chronic hepatitis B, despite similar risk factors in patients
Findings heighten caution about use of tuberculosis therapies, which raise risk of liver injury in patients co-infected with chronic hepatitis B virus
SECAUCUS, N.J., July 25, 2022 /PRNewswire/ -- Concurrent testing for chronic hepatitis B (HBV) and tuberculosis (TB) occurs in a minority of patients who test positive for either condition, despite similar risk profiles and, for some, risk of TB therapy-induced liver damage, according to a new Quest Diagnostics Health Trends® study published in the Journal of Public Health Management & Practice.
The study was conducted by researchers from Quest Diagnostics (NYSE: DGX), Stanford University School of Medicine and the Veterans Affairs Palo Alto Health Care System in Palo Alto, Calif. Based on analysis of results of 17,635,261 deidentified laboratory tests for hepatitis and 5,205,393 tests for TB performed by Quest Diagnostics between 2016 and 2020, the study is the most comprehensive assessment of testing patterns and prevalence estimates of these two infectious diseases. Existing research to date is limited by small study size and decades-old data.
The researchers evaluated deidentified data from HBV surface antigen (HBsAg) and core antibody total (HBcAb) tests as well as the QuantiFERON® and T-SPOT®.TB series of Interferon Gamma Release Assay (IGRA) blood tests to assess latent TB infection. IGRA tests are guideline recommended for many patients and generally considered more efficient and accurate than skin prick tests, which require multiple doctor's appointments[i][ii][iii].
Latent TB infection was defined as having either a positive QuantiFERON or T-SPOT® test with no positive results for Mycobacterium tuberculosis (MTB) complex or mycobacterial culture during the study period (as that would indicate active TB infection). The QuantiFERON or T-SPOT® tests do not differentiate between active and latent.
Among the study's most significant findings is that only one in three (32.3%) patients who tested positive for latent TB was also tested for HBV infection. Commonly used TB treatments can cause liver injury if administered to patients who are also co-infected with HBV. The study also found that only 10.7% of chronic HBV patients were also tested for latent TB.
The authors of the study wrote that the prevalence of co-infection is "substantial" and highlights the need to test for co-infection "to mitigate risk of drug-induced liver injury associated with TB medications in patients with concurrent chronic HBV."
According to lead author Robert Wong, M.D., Clinical Associate Professor, Stanford University, "This study is the first large scale analysis to my knowledge of coinfection of TB and HBV, two prevalent and under-screened and under-treated infectious diseases in the United States. Timely identification of underlying hepatitis B co-infection can help guide modification of TB treatments regimens with lower risk of drug-induced liver injury. This analysis identified an important gap in TB management and suggests the need for quality improvement initiatives to ensure routine HBV screening in TB patients prior to start of treatment."
Other findings showed that concurrent testing rose with increasing age, from 7.2% in patients younger than 18 years to 29.5% in those greater than 70 years. When evaluating by race/ethnicity, the highest rate of latent TB testing was observed among Black/African American patients, whereas the highest prevalence of HBV-latent TB co-infection was observed in Asian American patients, at 2.7% (based on race/ethnicity estimates drawn from 3-digit Zip codes). In addition, the study observed higher rates of co-infection in parts of southern California, the San Francisco Bay Area, and southern Nevada, compared to the rest of the United States.
"Our nationally representative study provides important novel insights into the scale of coinfection of both latent TB and HBV," said co-author Harvey W. Kaufman, M.D., Senior Medical Director and Director of the Health Trends research program for Quest Diagnostics. "It also provides important insight into demographic and regional patterns that may help guide public health and clinical decision making."
The Centers for Disease Control and Prevention (CDC) estimates that there are 862,000 people living with chronic HBV infection in the United States.[iv] The CDC also estimates that there were 7,860 reported TB cases in the United States in 2021, although as many as 13 million people, many born outside the United States, have latent TB infection.[v] Latent TB and chronic HBV both often lack symptoms, and, in some patients, can progress to acute disease, causing liver damage or failure. Delays in diagnosis and treatment for latent TB and chronic HBV are associated with significant morbidity and mortality, and result in 7 and 14 years per life lost, respectively.
The CDC also notes that rates of new HBV infections are highest among adults aged 40-49 years, reflecting low hepatitis B vaccination coverage among adults. HBV infection is associated with intravenous drug use related to the opioid crisis, incarceration, homelessness and other social determinants of health. Given comparatively high rates of infection in much of Asia, individuals of Asian descent in the United States are also more likely to be infected with chronic HBV even without other risk factors, according to the CDC.
The study's strengths include national scale and results of quality laboratory testing methods. Weaknesses include lack of medication and other clinical data to identify patterns in treatment.
Quest Diagnostics empowers people to take action to improve health outcomes. Derived from the world's largest database of clinical lab results, our diagnostic insights reveal new avenues to identify and treat disease, inspire healthy behaviors and improve healthcare management. Quest annually serves one in three adult Americans and half the physicians and hospitals in the United States, and our nearly 50,000 employees understand that, in the right hands and with the right context, our diagnostic insights can inspire actions that transform lives. www.QuestDiagnostics.com
[i] T-SPOT.TB. Package insert. Oxford Immunotec Inc; 2013.
[ii] Lewinsohn DM, Leonard MK, LoBue PA, et al. Official American Thoracic Society/Infectious Diseases Society of America/Centers for Disease Control and Prevention clinical practice guidelines: diagnosis of tuberculosis in adults and children. Clin Infect Dis. 2017;64(2):e1-e33. doi:10.1093/cid/ciw694
[iii] David M. Lewinsohn, Michael K. Leonard, Philip A. LoBue, David L. Cohn, Charles L. Daley, Ed Desmond, Joseph Keane, Deborah A. Lewinsohn, Ann M. Loeffler, Gerald H. Mazurek, Richard J. O'Brien, Madhukar Pai, Luca Richeldi, Max Salfinger, Thomas M. Shinnick, Timothy R. Sterling, David M. Warshauer, Gail L. Woods, Official American Thoracic Society/Infectious Diseases Society of America/Centers for Disease Control and Prevention Clinical Practice Guidelines: Diagnosis of Tuberculosis in Adults and Children, Clinical Infectious Diseases, Volume 64, Issue 2, 15 January 2017, Pages e1–e33, https://doi.org/10.1093/cid/ciw694
[iv] Filardo TD, Feng P, Pratt RH, Price SF, Self JL. Tuberculosis — United States, 2021. MMWR Morb Mortal Wkly Rep 2022;71:441–446. DOI: http://dx.doi.org/10.15585/mmwr.mm7112a1external icon.
[v] CDC FACT SHEET TB in the United States: A Snapshot. Sept. 2018. TB in the United States (cdc.gov)
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SOURCE Quest Diagnostics | https://www.mysuncoast.com/prnewswire/2022/07/25/high-rates-chronic-hepatitis-b-tuberculosis-co-infection-observed-nationally-representative-quest-diagnostics-study/ | 2022-07-25T12:41:03Z |
One person critically injured McCurtain Co. DUI crash
MCCURTAIN COUNTY, Okla. (KXII) -One person was critically injured in a drunk driving crash in McCurtain County.
the crash happened Saturday evening around 7:30 p.m. on Old Broken Bow Highway and Belpine Loop, just west of Broken Bow.
Troopers said a 2015 Toyota Rav 4 was heading west on the loop when the car went through a stop sign, hitting another vehicle on the highway.
The driver of the car, 24-year-old Debbie Garcia was arrested for driving under the influence and transported to McCurtain County Jail.
Her 2-year-old passenger was not injured.
The other driver,34-year-old Jonathon Fields was treated at McCurtain Memorial Hospital and released.
His passenger, 57-year-old Shelley Clowers was flown in critical condition to UT Tyler, Texas, and admitted with head, neck, and internal injuries.
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/06/20/one-person-critically-injured-mccurtain-co-dui-crash/ | 2022-06-20T05:25:42Z |
Donated Services Aid Afghan Judicial Community in Seeking Safety and Asylum
NEW YORK and LONDON, June 6, 2022 /PRNewswire/ -- TransPerfect, the world's largest provider of language and technology solutions for global business, today announced that it has joined major law firms in providing pro bono services in support of a mass effort by former Afghan judges to seek asylum in the UK.
TransPerfect Legal Solutions (TLS) provided pro bono language services in Pashto and Dari, Afghanistan's two official languages, for legal documentation necessary for many asylum cases. The campaign in support of the Afghan judges is a multi-faceted and multinational team effort that includes lawyers from major international law firms and comes in response to the potential danger posed to these judges following the Taliban assuming control of Afghanistan. Due to the sensitive nature and safety issues surrounding the proceedings, this initiative was not publicly disclosed for the first six months of operation.
With hundreds of judges and their families at risk due to their prior position overseeing trials for Taliban members, many have sought asylum abroad—including in the UK—for themselves and their families. The process has been challenging for many due to procedural requirements, language barriers, and security concerns.
When speaking of TLS's role in the initiative, a senior lawyer at a top-10 UK law firm commented, "We are grateful to the TransPerfect team for their fantastic support through an intense and demanding process. Their responsiveness and diligence have been invaluable in our work on this important and time-sensitive effort. This is literally a matter of life and death, and we appreciate TransPerfect stepping up by generously donating their services."
TransPerfect President and CEO Phil Shawe stated, "Ensuring the safety of judges who honorably served Afghanistan's legal community is an important humanitarian cause and a call to duty that we're proud to have heeded."
About TransPerfect
TransPerfect is the world's largest provider of language and technology solutions for global business. From offices in over 100 cities on six continents, TransPerfect offers a full range of services in 170+ languages to clients worldwide. More than 6,000 global organizations employ TransPerfect's GlobalLink® technology to simplify management of multilingual content. With an unparalleled commitment to quality and client service, TransPerfect is fully ISO 9001 and ISO 17100 certified. TransPerfect has global headquarters in New York, with regional headquarters in London and Hong Kong. For more information, please visit our website at www.transperfect.com.
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SOURCE TransPerfect | https://www.mysuncoast.com/prnewswire/2022/06/06/transperfect-joins-international-law-firms-providing-pro-bono-services-afghan-judges-seeking-asylum-united-kingdom/ | 2022-06-06T20:17:34Z |
Available September 2, 2022
New Track "We'll Be Back" Available June 23
LOS ANGELES, June 23, 2022 /PRNewswire/ -- Thrash Metal pioneers and metal icons MEGADETH will cap a summer of successful global touring with the release of their highly anticipated 16thstudio album, The Sick, The Dying… And The Dead! via UMe on September 2, 2022. Featuring twelve new tracks, The Sick, The Dying… And The Dead! will be released on CD, vinyl, and cassette, as well as digitally through all online partners and can be pre-ordered/pre-saved, HERE. There will also be a limited deluxe edition 2LP, 12-track album pressed on 180g black vinyl housed in a numbered gatefold jacket with a 12x24 lyrics/credits insert, a lenticular vinyl lithograph and a bonus 7-inch featuring "We'll Be Back" and the unreleased b-side "The Conjuring (Live)." The limited deluxe edition can only be purchased via MEGADETH's official online store, through Sound of Vinyl, and uDiscover, and can be pre-ordered HERE.
The first song to be released from The Sick, The Dying… And The Dead! is the ferocious, quintessentially MEGADETH track "We'll Be Back," which is accompanied by the world premiere of We'll Be Back: Chapter I, an epic, action-packed short film chronicling the origins of MEGADETH's mascot, Vic Rattlehead. Produced by Dave Mustaine, We'll Be Back: Chapter I is a soldier's tale of bravery, personal sacrifice, and the will to survive. It is the first installment of a trilogy of videos to be released in conjunction with the release of the new album The Sick, The Dying… and The Dead!.
Watch the short film We'll Be Back: Chapter I, HERE.
The Sick, The Dying… And The Dead! consolidates a furious return to form that began with the Grammy® winning- Dystopia, while pushing forward musically and marking Mustaine's recent triumph over throat cancer. Reuniting visionary MEGADETH leader and sonic architect Dave Mustaine with co-producer Chris Rakestraw (Danzig, Parkway Drive), who together helmed 2016's Dystopia, the album was recorded at Mustaine's home studio in Nashville, Tennessee, with guitarist Kiko Loureiro and drummer Dirk Verbeuren. Bassist Steve DiGiorgio temporarily stepped in to record the album–with the kick off of MEGADETH's recent tour, Megadeth-alumni James LoMenzo rejoined the MEGADETH family as permanent bass player.
"For the first time in a long time, everything that we needed on this record is right in its place," Dave Mustaine enthused. "I can't wait for the public to get hold of this!"
Featuring some of Mustaine's strongest songwriting while also incorporating writing from the rest of the band, The Sick, The Dying… And The Dead! brings together everything that's exhilarating and distinctive about MEGADETH. From the blistering throwback fury of "Night Stalkers" (featuring icon Ice-T) and first single "We'll Be Back," to the more mid-tempo and melodic "Soldier On!," and the very personal title track, with its enthralling twists and turns.
The Sick, The Dying… And The Dead! melds the ultra-frenetic riffing, fiercely intricate solos, and adventurous spirit the quartet are known for, all laced with signature virtuosity and precision and Mustaine's singular sardonic snarl. This album combines all the crushing musical motifs that have made MEGADETH both repeat metal disruptors and revered genre flagbearers.
MEGADETH have recently revealed their roadmap into the web3 space, offering expanded Cyber Army fan club experiences. The first NFT drop will be a generative collection called RATTLEHEADS, pulling from nearly 40 years of iconic Vic Rattlehead themes and imagery. Fans can join the official Megadeth Discord to stay up to date at https://discord.com/invite/megadeth. More info coming soon.
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SOURCE UMe | https://www.kxii.com/prnewswire/2022/06/23/megadeth-unleash-their-highly-anticipated-new-studio-album-the-sick-dying-dead/ | 2022-06-23T13:11:40Z |
New CEO Wayne Wilkinson Leads Company Toward $200M in Annual Sales
ROCKVILLE, Md., July 12, 2022 /PRNewswire/ -- The newly branded Integral Federal launch coincides with the appointment of Wayne Wilkinson as president and CEO, the organization announced today. Wilkinson brings a clear strategic plan through 2025 focused on firmly establishing the fast-growing, mid-tier GovCon as the industry leader in providing Intelligence Analysis and advanced IT solutions supporting national security.
"Integral partners with defense, intelligence and civilian government thought leaders to tackle their most important challenges and deliver positive outcomes to keep our nation safe and secure," said Wilkinson. "As Integral builds on its excellent reputation and legacy with our existing customers and partners, we will continue on to our next phase of planned organic and inorganic growth."
Wilkinson was named CEO earlier this year after previously serving as the company's first chief operating officer since April 2021. His leadership has Integral on target to achieve annual sales of $200M by 2025 and is currently tracking to bid approximately $1.25B in opportunities. As part of its 2025 Strategic Plan, the company implemented a new M&A program to focus on its inorganic growth strategy.
"Wayne has brought a new strategic focus and direction to Integral that will propel our future ambitions and allow us to better serve our clients as a leader in delivering intelligence, security and advanced digital solutions to address our government's toughest challenges," said Renu Johri, Chairwoman, Board of Directors, Integral Federal.
Integral Federal has also added two new office locations in Fredericksburg, Va. and Washington, D.C. expanding beyond their existing headquarters in Rockville, Md. and two critical operations facilities in Charlottesville, Va. and Aberdeen, Md.
Since Integral's founding in 1998, we've helped clients leverage existing and emerging technologies to transform their enterprises, empower growth, drive innovation and build sustainable success. The forward-leaning solutions we deliver are tailored to each mission with a focus on keeping our nation safe and secure. Our company is united by a shared passion of excellence in service. We are an Equal Opportunity Employer that fosters a culture of diversity, equity and inclusion. Visit our new website to learn more: www.integralfed.com.
Joyce Bosc
On behalf of Integral Federal
jbosc@boscobel.com
301.717.9529
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SOURCE Integral Federal | https://www.kxii.com/prnewswire/2022/07/12/integral-consulting-becomes-integral-federal-signaling-new-direction-strategic-vision/ | 2022-07-12T12:43:37Z |
Expect continued increase in new COVID-19 deaths, CDC says
Published: Jun. 8, 2022 at 9:40 AM CDT|Updated: 1 hour ago
(CNN) - The Centers for Disease Control and Prevention predicts the number of new COVID-19 deaths will continue to increase over the next month.
In findings publishing Wednesday, the agency forecasts more than 12,000 deaths over the next four weeks. That would take the average number of deaths every single day from 300 to just over 500.
This is the fourth consecutive week public health experts have predicted an increase.
The study found that COVID-19 hospitalizations will continue to remain stable.
According to data from the Department of Health and Human Services, there are currently over 28,000 hospitalized with COVID-19.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.wibw.com/2022/06/08/expect-continued-increase-new-covid-19-deaths-cdc-says/ | 2022-06-08T15:59:53Z |
Democrats, ditch your Republican family members now!
Lets face it: Republicans are now full-blown Nazis and we all know it. When you allow your Republican parents to see their grandchildren or you visit your Republican cousins twice a year for birthdays or holidays (even though you don’t really want to), here’s what you’re saying to them: “Go ahead and behave reprehensibly, be a despicable human being, go ahead and vote for humans that only want to hurt other humans. I’ll still visit you and you can still see your grandchildren.”
They suffer no repercussions whatsoever for their abominable behavior.
We are in this mess because Democrats have historically always been wimps who have no courage to actually fight. When will you actually fight? When everyone except straight, white, Christian men are in boxcars heading to “take showers?”
Your social media posts mean nothing. Do something! Grow up, be an adult, do the right thing and deliver repercussions. Life is not easy and was not meant to be; it is meant to be full of hard choices, and only people who have true courage actually make those decisions.
Find your courage. Stop gossiping and whining about your Nazi in-laws, parents, siblings and cousins, it accomplishes nothing. If we don’t start delivering repercussions, more repercussions will be delivered to us. You’ve been thinking of doing this for a couple years, do it. I did. Guess what, I don’t miss them at all. I bet you won’t either.
Stacker looks back at 30 iconic moments in sports that defined the 1960s. These include college basketball dynasties from the state of California, historic home runs that set records and won the World Series, and ingenious high jumpers who changed the way track-and-field sports were performed. Click for more.
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accounts, the history behind an article. | https://www.albanyherald.com/opinion/democrats-should-ditch-their-republican-kin/article_da1bc3b8-d137-11ec-a8ca-dbeaf99b9175.html | 2022-05-11T23:23:59Z |
IIA brings together more than 2,200 global internal audit leaders to discuss emerging risks and opportunities; focuses on cybersecurity, ESG, diversity and inclusion, artificial intelligence, and more
CHICAGO, July 21, 2022 /PRNewswire/ -- The Institute of Internal Auditors (IIA) – the internal audit profession's leader in standards, certification, education, research, and technical guidance worldwide – this week concluded its flagship 2022 International Conference and announced its new Global Board Chairman.
- The IIA announced Benito Ybarra as its 2022-2023 Chairman of the Global Board of Directors. Ybarra is Chief Audit and Compliance Officer for the Texas Department of Transportation and joins an extensive line of dedicated internal audit professionals from around the world who have served in this prestigious role.
- Ybarra's platform for the year is "One IIA: Building Trust Together" – a theme that seeks to unite the global internal audit profession, identify opportunities for collaboration, and tap into the power of more than 218,000 members joining together around common goals to advance the profession.
- Ybarra is a Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA), Certified Fraud Examiner (CFE), and Certified Compliance and Ethics Professional (CCEP) with more than 25 years of extensive audit, compliance, and investigation experience. Full bio and photos here.
"The opportunity to serve as The IIA's Global Board Chairman is a tremendous honor," said Ybarra. "I'm looking forward to ensuring each of our members feels connected to both our profession and The IIA. That feeling of connection is so important to fulfilling the promise of One IIA and tapping into the power of our diverse membership. I want each member, no matter where they live or where they are in their career, to understand they have a place in The IIA and know that we're working every day to advance their profession and ensure organizations understand the ever-increasing value internal auditors add. The IIA has an exciting vision for the future that includes elevating the organization and profession's influence, and impact, and I'm looking forward to being part of bringing that vision to life."
"Benito has tremendous experience in both the public and private sector and has contributed so much to our profession throughout his career," said Anthony Pugliese, CIA, CPA, CGMA, CITP, president and CEO of The IIA. "His energy and charisma give him the ability to inspire and bring people together in a really remarkable way. His vision and commitment to One IIA are going to help drive us forward as an organization and a profession. Benito will be a tremendous ambassador for The IIA and the global internal audit profession."
The 2022 IIA International Conference was attended by more than 2,200 professionals from over 100 countries.
Attendees included internal audit practitioners, educators, public administrators, risk managers, compliance professionals, manufacturers, and others representing varying levels of government, the private sector, commerce, and industry. The agenda included focus areas like compliance, risk, fraud, and governance, timely business issues like environmental and social issues, diversity and inclusion, cybersecurity, and emerging topics like artificial intelligence and data analytics, all of which are important issues within the internal auditor's scope.
The Institute of Internal Auditors (IIA) is an international professional association that serves more than 218,000 global members and has awarded 180,000 Certified Internal Auditor (CIA) certifications worldwide. Established in 1941, The IIA is recognized as the internal audit profession's leader in standards, certification, education, research, and technical guidance throughout the world. For more information, visit https://www.theiia.org.
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SOURCE The Institute of Internal Auditors | https://www.wibw.com/prnewswire/2022/07/21/institute-internal-auditors-announces-new-global-board-chairman-concludes-2022-international-conference/ | 2022-07-21T14:26:23Z |
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