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ATLANTA, Aug. 16, 2022 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today reported sales of $43.8 billion for the second quarter of fiscal 2022, an increase of $2.7 billion, or 6.5 percent from the second quarter of fiscal 2021. Comparable sales for the second quarter of fiscal 2022 increased 5.8 percent, and comparable sales in the U.S. increased 5.4 percent.
Net earnings for the second quarter of fiscal 2022 were $5.2 billion, or $5.05 per diluted share, compared with net earnings of $4.8 billion, or $4.53 per diluted share, in the same period of fiscal 2021, representing an 11.5 percent increase in diluted earnings per share.
"In the second quarter, we delivered the highest quarterly sales and earnings in our company's history," said Ted Decker, CEO and president. "Our performance reflects continued strength in demand for home improvement projects. Our team has done a fantastic job serving our customers, while continuing to navigate a challenging and dynamic environment. I would like to thank them and our many partners for their hard work and dedication to our customers."
Fiscal 2022 Guidance
The Company reaffirmed fiscal 2022 guidance of:
- Total sales growth and comparable sales growth of approximately 3.0 percent
- Operating margin of approximately 15.4 percent
- Net interest expense of approximately $1.6 billion
- Tax rate of approximately 24.6 percent
- Diluted earnings-per-share-percent-growth to be mid-single digits
The Home Depot will conduct a conference call today at 9 a.m. ET to discuss information included in this news release and related matters. The conference call will be available in its entirety through a webcast and replay at ir.homedepot.com/events-and-presentations.
At the end of the second quarter, the Company operated a total of 2,316 retail stores in all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The Company employs approximately 500,000 associates. The Home Depot's stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor's 500 index.
Certain statements contained herein constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may relate to, among other things, the impact of the COVID-19 pandemic and the related recovery on our business, results of operations, cash flows and financial condition (which, among other things, may affect many of the items listed below); the demand for our products and services; net sales growth; comparable sales; the effects of competition; our brand and reputation; implementation of store, interconnected retail, supply chain and technology initiatives; inventory and in-stock positions; the state of the economy; the state of the housing and home improvement markets; the state of the credit markets, including mortgages, home equity loans and consumer credit; impact of tariffs; issues related to the payment methods we accept; demand for credit offerings; management of relationships with our associates, potential associates, suppliers and service providers; cost and availability of labor; costs of fuel and other energy sources; international trade disputes, natural disasters, climate change, public health issues (including pandemics and quarantines, related shut-downs and other governmental orders, and similar restrictions, as well as subsequent re-openings), cybersecurity events, military conflicts or acts of war, and other business interruptions that could disrupt operation of our stores, distribution centers and other facilities, our ability to operate or access communications, financial or banking systems, or supply or delivery of, or demand for, the Company's products or services; our ability to meet environmental, social and governance (ESG) goals; continuation or suspension of share repurchases; net earnings performance; earnings per share; dividend targets; capital allocation and expenditures; liquidity; return on invested capital; expense leverage; commodity or other price inflation and deflation; our ability to issue debt on terms and at rates acceptable to us; the impact and expected outcome of investigations, inquiries, claims and litigation, including compliance with related settlements; the effect of accounting charges; the effect of adopting certain accounting standards; the impact of regulatory changes, including changes to tax laws and regulations; store openings and closures; guidance for fiscal 2022 and beyond; financial outlook; and the impact of acquired companies on our organization and the ability to recognize the anticipated benefits of those acquisitions.
Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. You should not rely on our forward-looking statements. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties – many of which are beyond our control, dependent on the actions of third parties, or are currently unknown to us – as well as potentially inaccurate assumptions that could cause actual results to differ materially from our historical experience and our expectations and projections. These risks and uncertainties include, but are not limited to, those described in Part I, Item 1A, "Risk Factors," and elsewhere in our Annual Report on Form 10-K for our fiscal year ended January 30, 2022 and also may be described from time to time in future reports we file with the Securities and Exchange Commission (SEC). There also may be other factors that we cannot anticipate or that are not described herein, generally because we do not currently perceive them to be material. Such factors could cause results to differ materially from our expectations.
Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our filings with the SEC and in our other public statements.
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SOURCE The Home Depot | https://www.wibw.com/prnewswire/2022/08/16/home-depot-announces-second-quarter-results-reaffirms-fiscal-2022-guidance/ | 2022-08-16T11:39:10Z |
NEW YORK, May 4, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Innovative Industrial Properties, Inc..
Shareholders who purchased shares of IIPR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/innovative-industrial-properties-inc-loss-submission-form/?id=26680&from=4
CLASS PERIOD: May 7, 2020 to April 13, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Innovative Industrial Properties' focus is to be a cannabis company lender rather than a REIT; (2) that the true values of the Company's properties are significantly lower than Innovative Industrial Properties represents; (3) there are existential issues in its top customers; (4) as a result, its top customers may not be able to continue making payments to Innovative Industrial Properties and the Company would face significant issues replacing these customers; and (5) as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
DEADLINE: June 24, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/innovative-industrial-properties-inc-loss-submission-form/?id=26680&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of IIPR during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is June 24, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm | https://www.wibw.com/prnewswire/2022/05/04/shareholder-alert-gross-law-firm-notifies-shareholders-innovative-industrial-properties-inc-class-action-lawsuit-lead-plaintiff-deadline-june-24-2022-nyse-iipr/ | 2022-05-04T10:46:38Z |
Sessions reveal investments in AI, data connectors, and performance to support the growing legal and compliance communities in ANZ
CHICAGO, Sept. 13, 2022 /PRNewswire/ -- Relativity, a global legal and compliance technology company, today begins its third annual APAC-focused event, Spotlight: ANZ, which will explore how Relativity's community of users in Australia and New Zealand are responding to the changing size and shape of data with confidence, and how the latest updates in RelativityOne are powering a smarter, more secure way to work.
"The past two years have accelerated not only the pace of innovation, but the quality of innovation as well," said Georgia Foster, Senior Managing Director, APAC at Relativity. "This explosion of data types and data sources is driving us to focus on not only continuously investing in the product to drive innovation through AI and adjacencies, but to balance this with investing in the core foundations of our product to deliver uncontested performance, speed and stability."
Spotlight: ANZ will showcase how Relativity is investing globally and locally, new innovations in AI for legal and compliance use cases and the tremendous growth opportunity in the e-discovery and compliance markets across Australia and New Zealand. A recording of the general session will be available to registrants one week following the event. Attendees can expect to learn more about:
Enabling Faster Innovation in the Cloud with Continued APAC Growth
Since 2020, Relativity has grown its APAC team by over 300 per cent and Relativity's SaaS product, RelativityOne is now available in six countries across APAC, making up 40 per cent of all RelativityOne geographies. Earlier this year, Relativity completed its Infosec Registered Assessors Program (IRAP) assessment, allowing RelativityOne to be considered by the Australian Federal Government for the first time.
Relativity is committed to adapting RelativityOne to adhere to the standard document disclosure protocols used in the Australian legal market, as well as improving those methods of disclosure. A few specific areas of focus over the next six months include flexible document exchange, enhanced processing support and additional PDF support.
During Spotlight: ANZ, Relativity will host the following session on RelativityOne functionality:
- RelativityOne: An End-to-End Solution for Australia: Attendees will learn how RelativityOne can enable innovation, security and scale to conquer modern data challenges.
Powering Intuitive User Experience with Advanced Automation and AI
The size and shape of data is constantly changing and expanding, calling for a solution that can do the same. Relativity's AI capabilities transform the way customers handle unstructured data and tackle modern legal and compliance challenges by enabling quick investigations, continuous learning and visibility into critical insights in a single secure solution. For more AI-specific insights, Relativity will host the following sessions:
- What's Next at the Intersection of AI and e-Discovery: Experts discuss what has materialised as technology and dynamic processes mature, and what they're expecting next from AI and e-discovery.
- Solve Investigations & Litigation Faster with AI: Attendees will learn how they can find critical information faster with AI, leverage a single solution to get the full picture, and make the most of their efforts with RelativityOne.
Simplifying Communication Surveillance with a Single, Secure Platform
Regulatory expectations become more substantial and complex with each coming year, making it critical for teams to have a single platform that provides integrated capabilities for their most important use cases. Relativity's AI-powered communication surveillance product, Relativity Trace proactively detects regulatory misconduct like insider trading, collusion and other non-compliant behaviour. Moving from audio, to e-comms and trades with mobile capture within one platform enables seamless communication surveillance. Relativity will host the following session on compliance:
- Starting on the Right Foot: Proactive Compliance with Relativity Trace: Attendees will learn how Relativity Trace helps surveillance teams monitor and review a variety of prevalent communication channels to help detect misconduct, and even move an investigation into RelativityOne.
Access to Justice in Australia
Relativity is powered by its unifying mission to organise data, discover the truth and act on it. This mission has led to the continued development of Justice for Change in Australia and enabled several companies to run a total of six active cases in the program. This global program empowers the Relativity community to positively impact racial justice progress by providing the technology necessary to tackle societal issues.
"Justice for Change has enhanced the existing pro bono opportunities for the legal community by offering our technology for free, to create long-lasting impact as it relates to social and racial justice," said Gulsun Demirel, Senior Community Enablement Specialist at Relativity. "We're excited to provide Indigenous communities in Australia with the unique capabilities of RelativityOne to pursue the justice they deserve."
About Relativity
Relativity makes software to help users organise data, discover the truth and act on it. Its SaaS product RelativityOne manages large volumes of data and quickly identifies key issues during litigation and internal investigations. The AI-powered communication surveillance product, Relativity Trace proactively detects regulatory misconduct like insider trading, collusion and other non-compliant behaviour. Relativity has more than 300,000 users in approximately 40 countries serving thousands of organisations globally primarily in legal, financial services and government sectors. Please contact Relativity at sales@relativity.com or visit http://www.relativity.com for more information.
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SOURCE Relativity | https://www.kxii.com/prnewswire/2022/09/13/relativitys-spotlight-anz-event-highlights-growth-innovation-legal-compliance-industries/ | 2022-09-13T06:30:47Z |
NEW HAVEN, Conn., April 1, 2022 /PRNewswire/ -- Biohaven Pharmaceutical Holding Company Ltd. (NYSE: BHVN), today announced that data from a Phase 1, single-center, open-label study evaluating the excretion of a single dose of rimegepant 75 mg in the human milk of healthy lactating women was published in the peer-reviewed journal, Breastfeeding Medicine, the official journal of the Academy of Breastfeeding Medicine.
This study is particularly important as migraine affects more than 30 million women in America and is the most common cause of disability among women of reproductive age (15 – 49 years).1,2 Often for women with migraine, attacks may subside during pregnancy but resume within 4 weeks of childbirth.3 Given a lack of science-based information about migraine medication for nursing mothers, women are often apprehensive about taking their migraine medications while breastfeeding.
The results of the study showed that excretion of rimegepant into human milk is very low and rimegepant was safe and well tolerated by lactating women. It was estimated that on a weight-adjusted basis, a nursing infant would receive <1% of the maternal dose of rimegepant which is much below the commonly cited safety threshold of <10% of the maternal dose. Further, there were no serious adverse events and no participants discontinued the study due to treatment related adverse events.
Robert Croop, M.D., Chief Development Officer - Neurology at Biohaven commented, "This is important data for women of reproductive age with migraine as it provides helpful new information for those who are lactating and wish to breastfeed their infants. Recognizing the lack of available data on migraine medications for breastfeeding women, Biohaven is proud to take a science-based approach by conducting a clinical study in this population."
The study evaluated 12 healthy lactating women who were administered a single-dose of rimegepant 75 mg with a 36-hour follow-up. The primary objective of this study was to investigate whether rimegepant is excreted in human milk after a single 75 mg dose and to determine the concentration–time profiles of rimegepant in the human milk and plasma of healthy lactating women.
Thomas W. Hale, Ph.D., Professor of Pediatrics and Associate Dean for Research at Texas Tech University Health Sciences Center School of Medicine, noted, "I'm very pleased with the results of this clinical trial. Lactating mothers often end up having to choose between taking a migraine medication or breastfeeding their infant. Many of the questions we receive at the InfantRisk Center are about using migraine medications when breastfeeding. Now, with this research, we can share with lactating mothers that there is clinical data supporting a treatment option during breastfeeding."
Dr. Hale and Teresa Baker, M.D., Associate Professor and Chair of the Department of Obstetrics and Gynecology at Texas Tech University Health Sciences Center School of Medicine, are coauthors of the publication.
About NURTEC ODT
NURTEC® ODT (rimegepant) is the first and only calcitonin gene-related peptide (CGRP) receptor antagonist available in a quick-dissolve ODT formulation that is approved by the U.S. Food and Drug Administration (FDA) for the acute treatment of migraine with or without aura and the preventive treatment of episodic migraine in adults. The activity of the neuropeptide CGRP is thought to play a causal role in migraine pathophysiology. NURTEC ODT is a CGRP receptor antagonist that works by reversibly blocking CGRP receptors, thereby inhibiting the biologic activity of the CGRP neuropeptide. For more information about NURTEC ODT, visit www.nurtec.com.
Rimegepant is available as Nurtec® ODT in the United States for the acute and preventive treatment of migraine in adults. Biohaven and Pfizer Inc. recently announced a positive opinion by the Committee for Medicinal Products for Human Use of the European Medicines Agency recommending the marketing authorization for rimegepant 75 mg for the acute and preventive treatment of migraine. If approved, the trade name will be Vydura™ in the European Union.
Indication
NURTEC ODT orally disintegrating tablets is a prescription medicine that is used to treat migraine in adults. It is for the acute treatment of migraine attacks with or without aura and the preventive treatment of episodic migraine. It is not known if NURTEC ODT is safe and effective in children.
Important Safety Information
Do not take NURTEC ODT if you are allergic to NURTEC ODT (rimegepant) or any of its ingredients. Before you take NURTEC ODT, tell your healthcare provider (HCP) about all your medical conditions, including if you:
- have liver problems,
- have kidney problems,
- are pregnant or plan to become pregnant,
- breastfeeding or plan to breastfeed.
Tell your HCP about all the medicines you take, including prescription and over-the-counter medicines, vitamins, and herbal supplements.
NURTEC ODT may cause serious side effects including allergic reactions, trouble breathing and rash. This can happen days after you take NURTEC ODT. Call your HCP or get emergency help right away if you have swelling of the face, mouth, tongue, or throat or trouble breathing. This occurred in less than 1% of patients treated with NURTEC ODT.
The most common side effects of NURTEC ODT were nausea (2.7%) and stomach pain/indigestion (2.4%). These are not the only possible side effects of NURTEC ODT. Tell your HCP if you have any side effects.
You are encouraged to report side effects of prescription drugs to the FDA.
Visit www.fda.gov/medwatch or call 1–800–FDA–1088 or report side effects to Biohaven at 1–833–4NURTEC.
See full Prescribing Information and Patient Information.
About Biohaven
Biohaven is a commercial-stage biopharmaceutical company with a portfolio of innovative, best-in-class therapies to improve the lives of patients with debilitating neurological and neuropsychiatric diseases, including rare disorders. Biohaven's Neuroinnovation™ portfolio includes FDA-approved NURTEC ODT (rimegepant) for the acute and preventive treatment of migraine and a broad pipeline of late-stage product candidates across three distinct mechanistic platforms: CGRP receptor antagonism for the acute and preventive treatment of migraine; glutamate modulation for obsessive-compulsive disorder, and spinocerebellar ataxia; and MPO inhibition for amyotrophic lateral sclerosis; Kv7 Ion Channel Activators (Kv7), and Myostatin. More information about Biohaven is available at www.biohavenpharma.com.
Forward-looking Statement
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The use of certain words, including "believe", "continue", "may", "will", "anticipate", "expect" and similar expressions, are intended to identify forward-looking statements. These forward-looking statements involve substantial risks and uncertainties, including statements that are based on the current expectations and assumptions of Biohaven's management about NURTEC ODT as an acute treatment for patients with migraine and preventive treatment for migraine. Factors that could affect these forward-looking statements include those related to: Biohaven's ability to effectively commercialize NURTEC ODT, delays or problems in the supply or manufacture of NURTEC ODT, complying with applicable U.S. regulatory requirements, the expected timing, commencement and outcomes of Biohaven's planned and ongoing clinical trials, the timing of planned interactions and filings with the FDA, the timing and outcome of expected regulatory filings, the potential commercialization of Biohaven's product candidates, the potential for Biohaven's product candidates to be first in class or best in class therapies and the effectiveness and safety of Biohaven's product candidates. Various important factors could cause actual results or events to differ materially from those that may be expressed or implied by forward-looking statements. Additional important factors to be considered in connection with forward-looking statements are described in the "Risk Factors" section of the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 25, 2022, and in Biohaven's subsequent filings with the Securities and Exchange Commission. The forward-looking statements are made as of the date of this new release, and Biohaven does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
NURTEC and NURTEC ODT are registered trademarks of Biohaven Pharmaceutical Ireland DAC. Neuroinnovation is a trademark of Biohaven Pharmaceutical Holding Company Ltd.
Biohaven Contact
Jennifer Porcelli
Vice-President, Investor Relations
jennifer.porcelli@biohavenpharma.com
201-248-0741
Media Contact
Mike Beyer
Sam Brown Inc.
mikebeyer@sambrown.com
312-961-2502
REFERENCES FOR REVIEW:
- GBD 2019 Diseases and Injuries Collaborators. Global burden of 369 diseases and injuries in 204 countries and territories, 1990–2019: A systematic analysis for the Global Burden of Disease Study 2019. Lancet 2020;396:1204–1222.
- GBD 2016 Headache Collaborators. Global, regional, and national burden of migraine and tension-type headache, 1990–2016: A systematic analysis for the Global Burden of Disease Study 2016. Lancet Neurol 2018;17:954–976.
- Sances G, Granella F, Nappi RE, et al. Course of migraine during pregnancy and postpartum: A prospective study. Cephalalgia 2003;23:197–205.
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SOURCE Biohaven Pharmaceutical Holding Company Ltd. | https://www.wibw.com/prnewswire/2022/04/01/nurtec-rimegepant-lactation-clinical-study-published-breastfeeding-medicine-journal/ | 2022-04-01T12:08:51Z |
PHILADELPHIA, July 29, 2022 /PRNewswire/ -- Rally House has experienced substantial growth in the Philadelphia market over the last year. This impressive expansion continues with Rally House Ivy Ridge, a new storefront situated barely north of downtown Philly for a prime location coming from any direction. Here, devoted fans and locals can explore everything from unique team gear and authentic jerseys to stylish local apparel and much more.
This new location joins a broad roster of Rally House stores in Philadelphia, strengthening the connection between this nationally recognized retailer and area fans. "We're excited to announce our newest Rally House store opening in the Roxborough-Manayunk area of Philadelphia," says Store Manager Ben Williams. "Rally House Ivy Ridge is the ideal destination for diehard fans, as this store is a one-stop shop for local and team apparel. Come check this jawn out!"
Fans looking to rep their team will have no trouble finding the gear they want at Rally House Ivy Ridge. Customers can browse merchandise for multiple pro and college teams, like the Eagles, Phillies, 76ers, Temple Owls, Penn State Nittany Lions, and many more. The best part is that all this team gear comes from respected and trusted brand names, including Nike, New Era, Mitchell & Ness, and '47.
Philadelphia is home to a wide range of well-known themes and businesses that locals love supporting. Thankfully, Rally House Ivy Ridge offers an extensive selection of local apparel and merchandise for numerous Philly icons, such as the Philly Pretzel Factory, Corropolese Italian Bakery & Deli, and Rocky.
Those visiting Rally House Ivy Ridge can expect nothing less than superb customer service and a welcoming shopping environment. For added convenience, there's also an array of merchandise that can be shipped to any state in stock online at www.rallyhouse.com.
Patrons can visit www.rallyhouse.com/rally-house-ivy-ridge or follow Rally House Ivy Ridge on Facebook (@RallyIvyRidge) and Instagram (@rallyivyridge) for current store news and future updates.
Rally House and Sampler Stores Inc. is a family-owned specialty boutique that offers a large selection of apparel, hats, gifts and home décor representing local NCAA, NFL, MLB, NBA, NHL, and MLS teams in addition to locally inspired apparel, gifts and food. Proudly based in Lenexa, Kansas, Rally House operates 100+ locations across 13 states.
CONTACT:
Jessica Foca, District Manager
jfoca@rallyhouse.com
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SOURCE Rally House | https://www.kxii.com/prnewswire/2022/07/29/new-rally-house-location-joins-philadelphia-market/ | 2022-07-29T21:02:14Z |
HANGZHOU, China, June 6, 2022 /PRNewswire/ -- In celebration of the Global Exhibitions Day (GED) on June 1, 2022, Hangzhou Municipal People's Government joined hands with Trade Development Bureau of the Ministry of Commerce, International Association of Exhibitions and Events® (IAEE), and Hangzhou Municipal Bureau of Commerce, to host the 2022 International MICE Culture Event and Global Digital Exhibition and Event Summit at the West Lake Expo Museum. Themed "Innovation in Digital Exhibitions Boosts Digital Trade", the event brought together industry experts, scholars and international exhibition organizations to jointly discuss the new trends in digital exhibitions, with the goal of accelerating the standardization process across the sector. The success of the event shows that the city is well on its way to reviving the exhibition sector through the "Hangzhou Exhibition Industry in Action" initiative despite the global pandemic now in its third year.
Featuring a series of joint international launches, promotions of local brands and projects, and global digital exhibition roundtables, the event provides deep insights into the current status of the digital exhibition sector and related policies through an analysis of where the sector is going and what lies ahead, with a focus on exploring new possibilities and ways of building an integrated platform for the digital economy, digital exhibitions, and digital trade.
The Global Digital Exhibition Innovation (Research) Center opens
The Global Digital Exhibition Innovation (Research) Center was launched at the event. The center is expected to attract top executives from the industry's leading companies to sit as board members with the mission of jointly discussing key topics such as how to develop the global digital exhibition market by setting industry standards, how digital exhibitions can help industrial development, and how to draw up a plan for the building of urban digital exhibitions, alongside the ultimate goal of putting the results of the research to good use in Hangzhou.
Hangzhou Commerce＆Tourism Group ties up with Informa Exhibitions
Hangzhou Commerce&Tourism Group and Informa Exhibitions announced a strategic cooperation at the event, in which, both parties will work together to deepen cooperation through integrating project resources with strong international exhibition operation experience, with the goal of further enhancing Hangzhou's status as a key player in the world of exhibition services.
Creating future-oriented digital exhibitions in Hangzhou
The event invited a number of leading brands from the digital exhibition, digital economy, digital venue, digital culture and tourism, and digital education segments, among others, to engage in a discussion on the city's ecology of digital exhibitions, providing potential solutions on how Hangzhou can, as a next step, enhance its standardization in the sector and form an integrated digital economy, exhibition and trade platform.
Boosting cultural confidence by integrating Chinese traditional elements
A major head-turner at the event was the exhibit put up by Oriental Boutique, a brand founded by renowned Chinese designer Wu Haiyan. Inspired by her comparative thinking on the confidence that China and its people have in its culture and on how Chinese cities could leverage their own advantages, the founder came up with a unique idea to revive the glory of Chinese silk after an around-the-world trip. The brand reflects a kind of Chinese aesthetic, through which the world can become acquainted with the diversity of Chinese culture.
Hangzhou rolls out a major new exhibition on the history and culture of the Chinese wedding
The summit highlighted the city's major exhibition project - China International West Lake Wedding Celebration, sponsored by well-known Chinese liquor brand Wuliangye. As a key part of China International West Lake Expo in Hangzhou, the event highlights the three key elements of a Chinese wedding- the history, the traditions and, most particularly, the stylization that was developed during the Song dynasty period, with Hangzhou's rich ancient culture and beautiful landscape scenery not only serving as the backdrop, but as the inheritor with the mission to keep the traditions alive for the benefit of all future couples (and their guests) during that key day when they tie the knot.
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SOURCE 2022 International MICE Culture Event and Global Digital Exhibition and Event Summit Organizing Committee | https://www.kxii.com/prnewswire/2022/06/06/2022-international-mice-culture-event-global-digital-exhibition-event-summit-comes-successful-conclusion-hangzhou/ | 2022-06-06T14:22:06Z |
Men, morale, munitions: Russia’s Ukraine war faces long slog
BAKHMUT, Ukraine (AP) — From a hideout in a bombed-out house in eastern Ukraine, army commander Mykhailo Strebizh twirls a mortar shell the size of a bowling pin, calling it “aid we got from Europe and America.”
He then turns to a makeshift blackboard — a door with words written on it in chalk -- showing weapon inventories. One line says “NATO” in Cyrillic letters, then a number: 11.
These days, Ukraine’s beleaguered but unbowed forces are doing a lot of counting about the help they’re getting from abroad.
As Russia’s initially botched and broad offensive turns its focus to the eastern Donbas region, the war has entered a new and seemingly more enduring phase. While Russia has kept quiet about its war casualties, Ukrainian authorities say up to 200 of their soldiers are dying each day. Experts say both sides are taking heavy losses.
The United States last week upped the ante with its largest pledge of aid for Ukrainian forces yet — an additional $1 billion in military assistance aimed to help repel or reverse Russian advances.
But experts note that such aid deliveries haven’t kept pace with needs, raising questions about how sustainable the war effort will be — and how defense industries on both sides can continue to feed it.
“We’re moving from peacetime to wartime,” said Francois Heisbourg, a senior adviser at the Paris-based Foundation for Strategic Research think tank. “Peacetime means low production rates, and ramping up the production rate means that you have to first build industrial facilities … This is a defense-industrial challenge which is of a very great magnitude.”
That, in part, explains why Western deliveries of much-ballyhooed support for Ukraine have often fallen short and are slow in coming.
The Kiel Institute for the World Economy in Germany last week issued a “Ukraine Support Tracker” that showed the U.S. has delivered about half of its pledged commitments in military support for Ukraine, and Germany about one-third. Poland and Britain had both delivered on much of what they had promised, the report showed.
Earlier this month, Ukraine’s ambassador in Madrid, Serhii Phoreltsev, thanked Spain — which trumpeted shipment of 200 tons of military aid in April — but said the ammunition that was included was only enough for “about two hours of combat.”
Ukrainian filmmaker-turned-fighter Volodymyr Demchenko, tweeted a video of himself expressing gratitude about U.S. firearms: “There is American guns they send to us. It’s nice guns, and 120 bullets to each,” he said, before lamenting: “It’s like 15 minutes of a fight.”
Over the weekend, NATO Secretary-General Jens Stoltenberg warned the war could last years, and British Prime Minister Boris Johnson pledged more training of Ukrainian troops abroad, the latest sign that friends of Ukraine’s government are digging in for the long haul even as he warned of growing “Ukraine fatigue” in the minds of the public abroad.
Part of the issue is that Ukrainian forces, whose country was once a stalwart member of the Soviet Union, are more familiar with Soviet-era weaponry than NATO equipment. Take artillery: The Western standard is 155mm artillery, while the Russian and Ukrainian forces have traditionally used 152mm stocks.
An untold number of Ukrainians have traveled abroad to get training on the Western-standard kit.
Of the $1 billion pledge from the U.S., only slightly more than one-third of that will be rapid, off-the-shelf deliveries by the Pentagon, and the rest will be available over a longer term. The pledge, which includes 18 howitzers and 36,000 rounds of ammunition for them, addresses Ukraine’s plea for more longer-range weaponry.
That’s far short of what the Ukrainians want — 1,000 155-mm caliber howitzers, 300 multiple-launch rocket systems, 500 tanks, 2,000 armored vehicles and 1,000 drones — as President Volodymyr Zelenskyy’s adviser Mikhail Podolyak tweeted last week, before the latest big Western pledges.
“What the Ukrainians have got to do is conduct what military people tend to call a counter-battery operation” to respond to Russian artillery fire, said Ben Barry, a former director of the British Army Staff who is senior fellow for land warfare at the International Institute for Strategic Studies. “To do this, you need accurate weapons with a high rate of fire and a range that allows them to keep out of the way of the other side’s artillery.”
“The Ukrainians are saying they don’t have enough long-range rockets to adequately suppress Russian artillery,” he said. “I think they’re probably right.”
Analysts say the Russian military’s big advantage has been its stockpiles of artillery and an expertise in using it, which dates back centuries. Their concentration on the east, and not broader swaths of Ukraine, has allowed them to shorten supply lines that were too long earlier in this war.
Time, on the other hand, is on Ukraine’s side, the experts say: Ukrainian fighters are both motivated and mobilized — all men in the country of 40 million have been called to fight, whereas Russia has so far avoided a call-up of conscripts, which could vastly tilt the war in Russia’s favor, but may not be popular with all Russians.
Experts have noted declining morale on both sides as the standoff, notably in and around the city of Sievierodonetsk in recent weeks, has dented fighting spirit and prompted front-line fighters to question and defy orders from above.
Russia has been targeting stockpiles and supply lines, and hitting them, Russian military chiefs say. Ukrainian authorities have either denied such claims, or said nothing about them: Neither side wants to let on to the other too much about the damage and deaths they are sustaining.
As to how long such fighting could least, analyst Heisbourg admits “that’s a hard one” but sees parallels between Ukraine today and France when Germany invaded in World War I — a population of about 40 million in Ukraine today and France before that war; the invaders neared the capital early on before being pushed back a bit; France had ammunition shortages, just as Ukraine does with artillery today.
A years-long war of attrition is “quite possible,” he said.
___
Jamey Keaten reported from Geneva.
___
Follow the AP’s coverage of the war at https://apnews.com/hub/russia-ukraine
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/06/20/men-morale-munitions-russias-ukraine-war-faces-long-slog/ | 2022-06-20T13:41:18Z |
Guests are invited to join in celebrating Iceland's iconic food, cocktails, music, film, literature, and more.
CHICAGO, Aug. 9, 2022 /PRNewswire/ -- Inspired by Iceland, today announced the continuation of Taste of Iceland 2022, an annual celebration of Icelandic culture in North America. Kicking off the series of fall festivals, Chicago is hosting Taste of Iceland from Sept 1-3. Throughout the weekend, locals can transport themselves to Iceland with a series of events inspired by, and in celebration of, the best of Icelandic culture through food and beverage, music, literature, films, art and more.
Over the course of the four-day festival, and in partnership with local businesses in Chicago, and Taste of Iceland's official partners, events will be hosted by Bistronomic, Martyrs, Logan Theatre, Yoga View, Wildwood Studio, The Exchange, and After-Words Bookstore. The schedule of events includes:
- Culinary Experience with Blue Lagoon Iceland: Hosted daily starting at 5:00 p.m., from September 1-3, and brunch starting at 10 a.m. on September 4, at Bistronomic, located at 840 N. Wabash Ave.
- Reykjavik Calling Concert, curated by Iceland Airwaves, featuring Icelandic Musicians, Lón, RAKEL, Axel Flóvent, and DJ Hermigervill: September 1, from 7 p.m. - 11 p.m., at Martyr's, located at 3855 N. Lincoln Ave.
- Cocktail Class Presented by Icelandic top shelf brands, Reyka Vodka and Ólafsson Gin: September 2, from 5 p.m. - 7 p.m. at The Exchange, located at 224 S Michigan Ave.
- Lamb Film Screening and Q&A with Director Valdimar Johannsson: September 2 at 8 p.m., at the Logan Theatre, located at 2646 N Milwaukee Ave.
- Elemental Sound Bath with Jósa Goodlife: September 3, at 1 p.m. at Yoga View, located at 2211 N Elston Ave, Ste 200.
- Secret of the Sprakkar with Iceland's First Lady, Eliza Reid: September 3, at 4 p.m., at After-Words Bookstore, located at 23 E Illinois St.
- Exploring Iceland with 66° North and Photographer Alex Strohl: September 3, at 7 p.m., at Wildwood Studio, located at 2138 W Roscoe St.
- Wheel of Prizes Presented by Icelandair: Held once daily, at various events (additional details below), participants will have the opportunity to win a variety of prizes, including a trip for two to Iceland!
All events, aside from the Icelandic Culinary Experience at Bistronomic are free to attend. To obtain tickets to events:
- Register for tickets at the event-specific pages within the link HERE (you must be registered to receive early-bird access)
- Seven days prior to the date of each event, registered guests will receive an email to offer them early bird access to the ticket system to claim ticket(s) for guaranteed entry. The following day tickets will be available to the general public
- To claim a ticket, you must follow the steps/directions on the site, until you receive the e-ticket and barcode for entry. Note: if you do not receive a barcode, you have not completed the process.
Note: Those who register after capacity has been reached can sign-up for the wait list. 30 minutes prior to each event, waitlisted attendees will be granted access on a first-come, first-serve basis on location.
Additional information found below.
Hosted daily starting at 5:00 p.m. from September 1 - 3 at Bistronomic, Icelandic Chef Arnar Páll Sigrúnarson, will work in partnership with Bistronomic chef, Martial Noguier, to design a three-course menu of traditional Nordic fare, inspired by some of the most beloved dishes at Blue Lagoon´s Lava Restaurant. The prix-fixe menu is $80 per person, with an optional curated wine or Icelandic cocktail pairing for an additional $40, per person. On Sunday, September 4, from 10 a.m. to 1:45 p.m., guests can also enjoy an Icelandic addition to Bistronomic's brunch menu.
Reservations can be made on OpenTable or by calling (312) 944-8400. The tasting menu for dinner service includes:
- Cod: Langoustine, avocado, brandade, lovage
- Lamb: Rutabaga, mushroom, carrot
- Skyr: Blueberries, Arctic thyme, oats
Brunch menu items include:
- Smoked Arctic Char: Geothermal Icelandic rye bread, Icelandic wasabi, cucumber
- Skyr: Blueberries, Arctic thyme, oats
The Reykjavik Calling Concert will celebrate Icelandic music, with performances by Lón, RAKEL, Axel Flóvent, and DJ Hermigervill. The trio behind Lón, Valdimar Guðmundsson, Ásgeir Aðalsteinsson and Ómar Guðjónsson, bring together new Americana with their Icelandic roots for Nordic take on folk music. Axel Flóvent, an alternative/indie artist from Iceland whose newest album, 'You Stay by the Sea' is inspired by the search for a place to feel at peace taps into the DIY spirit of his earliest recordings. RAKEL has previously collaborated with both artists with her vocals and violin. Reykjavik Calling is free to attend, and doors open at 7 p.m. Guests can register for tickets HERE. The Reykjavik Calling Concert curated by the Iceland Airwaves festival, which will take place November 3-5 in Reykjavik. For more information on the festival and lineup, visit Iceland Airwaves.
A two-hour Icelandic Cocktail Class hosted by Reyka Vodka and Ólafsson Gin. DJ Hermigervill will welcome guests, and Ólafsson Gin's Brand Representative and Mixologist, Tóta as well as Reyka Vodka's Brand Representative, will make four different cocktails using the different Icelandic spirits. Attendees must be at least 21 years old with a valid ID to attend and consume alcohol. The Cocktail Class is free to attend, and guests can register for tickets HERE.
Guests can enjoy the directorial debut from Valdimar Jóhannsson, in this dark and atmospheric folktale. A childless couple in rural Iceland make an alarming discovery one day in their sheep barn and soon face the consequences of defying the will of nature. Lamb was considered for the 94th Academy Awards as the official submission of Iceland for the Best Foreign Film category. Following the screening, Director, Valdimar Johannsson will host a discussion and Q&A session, moderated by film critic, Keith Phipps. The Lamb Movie Screening is free to attend, and guests can register for tickets HERE.
Icelandic Energy Healer, Jósa Goodlife, will take attendees on an elemental journey beyond time and space, with a deeply relaxing and uplifting program with healing sounds from Icelandic nature that will leave guests feeling rejuvenated. Attendees will receive a yoga mat, a facial towel, Silica Mud Mask and Body Oil, from Blue Lagoon Iceland; a blanket, compliments of Icelandair; and water from Icelandic Glacial. The Elemental Sound Bath is free to attend, and guests can register for tickets HERE.
Celebrate Iceland's rich storytelling tradition with a talk hosted by First Lady of Iceland and co-founder of the Iceland Writers Retreat, Eliza Reid. Eliza will discuss her critically acclaimed book 'Secrets of the Sprakkar,' and how she explored the cultural roots of Iceland's attitude towards equality and examined how her home country can continue to progress. The Write Stuff with Eliza Reid is free to attend, and guests can register for tickets HERE.
The photo exhibition titled, "Exploring Iceland with Alex Strohl" will display photos captured in Iceland by 66° North Brand Ambassador and adventure photographer, Alex Strohl. For more than a decade, the photographer and entrepreneur, Alex Strohl has pioneered the visual style of the outdoor industry, lauded by the likes of National Geographic, Outside Magazine, Gentleman's Journal, and more. Through this exhibition and chat, Alex will share his experiences and stunning images taken in Iceland that tell the stories of his travels in The East Fjords of Iceland by sailboat & gravel bike. The Fireside Chat is free to attend, and guests can register for tickets HERE.
Presented by Icelandair, the Wheel of Prizes gives participants the chance to win a range of prizes, including Blue Lagoon Skincare, an Icelandic Wool Blanket from Icelandic Lamb, Wool Scarf from ISAVIA, a year's supply of Icelandic Provisions' Skyr, cases of sparkling and still water from Icelandic Glacial, a Reyka Vodka package, a Olafsson Gin package, a Tindur Shearling jacket and Surtsey Knit Cap from 66°North, a collection of Icelandic records from the city of Reykjavik, Landsvirkjun's Nordic Wasabi Gift Box, or the grand prize, a trip for two to Iceland from Icelandair, including a stay at the Silica Hotel at the famed Blue Lagoon and a 72-Hour City-card from Visit Reykjavík!
People can sign up for a chance to win 50 minutes before the spins take place at the times listed below:
- September 1: Sign up at 6 p.m. to spin at 6:50 p.m., prior to the Reykjavik Calling Concert
- September 2: Sign up at 4 p.m. to spin at 4:50 p.m., prior to the Icelandic Cocktail Class
- September 3: Sign up at 12 p.m. to spin at 12:50 p.m., prior to the Elemental Sound Bath
- September 3: Sign up at 2 p.m. to spin at 2:50 p.m., prior to Exploring Iceland with 66°North
Taste of Iceland's 2022 events have previously been held in Washington D.C., Boston, MA and Denver, CO. Following Chicago, the tour will continue on with additional stops in Toronto, Canada and Seattle, WA. For more information on Taste of Iceland, Chicago, please visit InpsiredbyIceland.com
For media inquiries or to attend any Taste of Iceland events, please contact tasteoficeland@finnpartners.com.
Taste of Iceland is an annual festival that celebrates Iceland's vibrant culture. The festival is organized by Inspired by Iceland, a public-private communications platform owned and operated by Business Iceland that promotes Iceland, Icelandic products and services. It is presented in partnership with its members: Icelandair, Visit Reykjavík, Icelandic Trademark Holding, Reyka Vodka, Ólafsson Gin, Blue Lagoon, 66°North, Icelandic Provisions, Icelandic Lamb, Icelandic Glacial, Landsvirkjun, Kerecis, and Isavia Keflavik International Airport. To learn more about Business Iceland, please visit www.businessiceland.is.
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SOURCE Taste of Iceland | https://www.wibw.com/prnewswire/2022/08/09/chicago-welcomes-taste-iceland-festival-sept-1-3/ | 2022-08-09T18:59:29Z |
Slain NBA player’s ex-wife denied parole in Tennessee
By ADRIAN SAINZ
Associated Press
MEMPHIS, Tenn. (AP) — The Tennessee Board of Parole says Lorenzen Wright’s ex-wife will not be granted early release from a 30-year prison sentence she received after pleading guilty to plotting the retired NBA player’s 2010 slaying. The board voted to deny parole for Sherra Wright, who pleaded guilty in July 2019 to facilitation of first-degree murder in her ex-husband’s killing. The decision was reached after three of seven board members agreed to deny her release based on the seriousness of her offense. Sherra Wright appeared at a parole hearing on May 11 at the prison in Nashville where she’s being held. | https://localnews8.com/sports/ap-national-sports/2022/05/23/slain-nba-players-ex-wife-denied-parole-in-tennessee/ | 2022-05-23T16:01:35Z |
(NewsNation) — A suburban family is hoping to clear the air after their Fourth of July firework video accidentally sparked viral reaction.
The video, which the family says was posted to Reddit without their consent, shows around a dozen people sitting on the front lawn. One of them lights a firework that appears to be defective. Sparks fly and light off a stash of fireworks sitting near a family vehicle.
The family in the video, who spoke with NewsNation exclusively but asked to remain anonymous, say there were no injuries or property damage.
“It’s kind of shocking, how undamaged it all was,” the homeowner said. “Had the break-boards not have been there, the damage would have been much worse. There probably would have been injuries that sustained. It was a lot of fireworks back there.”
The family told NewsNation that lighting fireworks is something they do annually and that they always take appropriate safety measures.
“We did have a fire hose drug through the front yard, which I guess no one actually focused on in the video,” the homeowner said. “In the second portion of the video, I can be seen running out the front door and grabbing the hose getting it turned on. And then my husband grabs the hose from me and moves towards the fireworks to wet down the boxes that already ignited.”
SimpliSafe, a home security company, even shared concern for the video tweeting, “We’ve received many comments and inquiries today about whether this was a planned event. We exist to protect our customers and don’t make light of events that put their safety at risk. If you are or know someone in this video please let us know if everyone involved is safe.”
There have been assumptions online that children set off the fireworks, but the family made it clear to NewsNation that only adults were involved. They also wanted to clarify that no alcohol was involved.
“While it is fun to let kids do those things, it’s just not something that we would let them do on their own at all,” the homeowner said.
Although the family took appropriate safety measures during the explosions, they say the lesson learned was that they became complacent.
“When we first started doing this, we had checklists and things that we would do prior to setting out fireworks, and what we would do if something happened. I think over the years, we just became complacent,” the homeowner said. | https://cw33.com/news/nexstar-media-wire/we-became-complacent-family-responds-to-viral-firework-video/ | 2022-07-09T21:35:04Z |
ATLANTA, Aug. 22, 2022 /PRNewswire/ -- GM Protections, LLC ("GM"), a subsidiary of GM Financial has selected Safe-Guard Products International, LLC, the leading provider of branded protection products for the automotive, RV, marine and powersports industries, as they work together to provide an enhanced, complete added protection solution for Chevrolet, Buick, GMC and Cadillac dealers.
"GM Protection will underwrite vehicle protection products on most GM vehicles while enhancing the offering with Safe-Guard products specifically developed for our brands," said Matt St. Charles, senior vice president and business leader of GM Protection. "This is part of our strategy to increase customer satisfaction and loyalty and help drive retention to our dealer network for any future service needs."
Working in collaboration, the parties will develop the new enhanced suite of products with program introduction to the dealer networks beginning Q4 2022. GM Financial supports over 4,000 automotive dealerships across the U.S.
The offering will include a complete suite of fully branded protection products, as well as dealer business development resources from a dedicated GM Protection team, on-demand retail training and development, enhanced sales and marketing content, technology platforms and integrations to help dealers sell, manage, and optimize their F&I business, and best-in-class customer service and claims administration. A private label program providing vehicle protection products for non-brand vehicles will also be made available for network dealers.
"Our relationship with Safe-Guard is a significant collaboration that will provide additional value to our customers and will improve the business for our dealers," said St. Charles.
"Safe-Guard is excited to support GM dealers and help drive F&I performance with our complete solution," said David Pryor, president of Safe-Guard. "Our unique combination of more OEM protection product programs than any other provider plus our solution for dealer groups allows us to deliver a one-stop, complete solution for GM dealers. We look forward to helping drive business and customer retention for Chevrolet, Buick, GMC, and Cadillac dealers."
"Safe-Guard's expertise is creating fully branded customer-focused products, value-based dealer business solutions, and data-driven sales and business development," said Randy Barkowitz, chief executive officer of Safe-Guard. "We are excited to launch this solution with GM Protection and support a world-class customer and dealer experience for these brands."
Based in Atlanta, Ga., Safe-Guard Products manages protection product programs for over 65 strategic partner brands across the U.S. and Canada, offering a full suite of protection products and dealer business solutions in the automotive, RV, marine, and powersport industries. More than 40 million consumers are protected under added protection contracts by Safe-Guard.
General Motors Financial Company, Inc. is the wholly-owned captive finance subsidiary of General Motors Company and is headquartered in Fort Worth, Texas. For more information, visit gmfinancial.com.
Founded in 1992 and based in Atlanta, Safe-Guard Products International, LLC is the leading provider of branded vehicle protection products in the finance and insurance space to the automotive, RV, marine and motorcycle/powersports industries. The company develops, markets, and administers programs on behalf of clients, backed by industry-leading sales and marketing, advanced technology solutions, and comprehensive customer service. Safe-Guard is a proud partner to Original Equipment Manufacturers (OEMs), top retailers, and independent agents across the United States and Canada.
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SOURCE Safe-Guard Products International, LLC | https://www.wibw.com/prnewswire/2022/08/22/safe-guard-products-international-announces-new-branded-automotive-protection-relationship-with-gm-protection/ | 2022-08-22T17:46:54Z |
(WHNT) — Some of the 21st century’s most famous films are celebrating a big birthday in 2022.
From blockbusters like “The Avengers” and “The Hunger Games” to Oscar-winning masterpieces like “Life of Pi” and “Lincoln,” the movies of 2012 are turning 10 this year.
The Motion Picture Association (MPA) shows just under $35 billion in revenue from movies in 2012 — so clearly, it was a big year for film. In the United States and Canada alone, movies brought in $10.8 billion.
Nexstar’s WHNT compiled a list of the best films turning 10 this year. See the selections below:
‘The Hunger Games’
- Release date: May 23, 2012
- Director: Gary Ross
- Starring: Jennifer Lawrence, Josh Hutcherson, Liam Hemsworth, Woody Harrelson, Elizabeth Banks, Lenny Kravitz, Stanley Tucci, Donald Sutherland
Did Jennifer Lawrence already have an established career and an Oscar nod under her belt before “The Hunger Games” hit theaters? Sure. Did this movie also turn her into a household name? Absolutely.
Based on the novel of the same name, “The Hunger Games” is set in the dystopia of Panem, a collection of districts made up of the former United States. In this new world, a boy and girl from each of the 12 districts are chosen to compete in the titular Hunger Games — a televised fight to the death.
“The Hunger Games” turned out almost 10 times its $78 million budget, earning more than $694 million worldwide. It was followed by three sequels, “Catching Fire” in 2013 and “Mockingjay” parts one and two in 2014 and 2015, respectively.
‘Skyfall’
- Release date: Nov. 9, 2012
- Director: Sam Mendes
- Starring: Daniel Craig, Javier Bardem, Ralph Fiennes, Naomie Harris, Berenice Marlohe, Albert Finney, Judi Dench
“Skyfall” was the third James Bond film to star Daniel Craig in the lead role. He was cast alongside Javier Bardem as the villainous Raoul Silva and Dame Judi Dench as M. It is the 23rd James Bond film overall — a cinematic saga that began in 1962 with “Dr. No.”
In the movie, Bond investigates an attack on his agency MI6 that leads to revelations that Bardem’s Silva, a former agent, is planning to discredit the agency and kill its leader.
“Skyfall” brought in $1.1 billion when it was released in November 2012. The film was accompanied by an Oscar-winning song from Adele that shares the same name as the film.
‘The Master’
- Release date: Sept. 14, 2012
- Director: Paul Thomas Anderson
- Starring: Joaquin Phoenix, Philip Seymour Hoffman, Amy Adams
Director Paul Thomas Anderson often says “The Master” is the best film he’s made.
The story follows a World War II veteran struggling with post-traumatic stress disorder who meets a cult leader, allegedly inspired by Scientology’s L. Ron Hubbard. Joaquin Phoenix stars as veteran Freddie Quell, while the late Philip Seymour Hoffman stars as the titular Master, also known as Lancaster Dodd.
While the film’s box office returns didn’t quite match its budget, it was a hit among critics.
“The Master” received three Oscar nominations, all in the acting categories. It also earned the top spot on several year-end lists, including those from Rolling Stone, The A.V. Club and The Guardian.
‘Django Unchained’
- Release date: Dec. 25, 2012
- Director: Quentin Tarantino
- Starring: Jamie Foxx, Christoph Waltz, Leonardo DiCaprio, Kerry Washington, Samuel L. Jackson, Walton Goggins, Dennis Christopher, James Remar, Michael Parks, Don Johnson
“Django Unchained,” a revisionist tribute to spaghetti western films, stars Jamie Foxx as the titular Django, a Black slave who trains under a bounty hunter to reunite with his long-lost wife.
While somewhat controversial, the film brought in loads of cash at the box office.
Against a $100 million budget, Tarantino’s film earned $425.4 million after debuting on Christmas Day in 2012. It was Tarantino’s highest-grossing film to date, a feat not even overcome by 2019’s “Once Upon a Time … in Hollywood.”
“Django” won two of its five nominations at the 85th Academy Awards. Christoph Waltz won for Best Supporting Actor and Tarantino won for Best Original Screenplay.
‘Lincoln’
- Release date: Nov. 9, 2012
- Director: Steven Spielberg
- Starring: Daniel Day-Lewis, Sally Field, David Straitharn, Joseph Gordon-Levitt, James Spader, Hal Holbrook, Tommy Lee Jones
Daniel Day-Lewis stars as America’s 16th president in “Lincoln.”
The big-budget take on Lincoln’s story follows the commander-in-chief across four months in 1865. It begins with his efforts to abolish slavery and lasts until his unfortunate assassination at the hands of John Wilkes Boothe on April 14, 1865, at Ford’s Theatre. The film draws from the 2005 novel “Team of Rivals: The Political Genius of Abraham Lincoln.”
“Lincoln” earned Day-Lewis his third Best Actor statue at the Oscars as well as 11 other nominations. The movie was also a commercial success, earning $275 million at the box office.
‘The Avengers’
- Release date: May 4, 2012
- Director: Joss Whedon
- Starring: Robert Downey Jr., Chris Evans, Mark Ruffalo, Chris Hemsworth, Scarlett Johansson, Jeremy Renner, Tom Hiddleston, Clark Gregg, Cobie Smulders, Stellan Skarsgard, Samuel L. Jackson
The first culmination of the Marvel Cinematic Universe (MCU) came in 2012’s “The Avengers.”
The story unites all of the familiar heroes, including Iron Man, the Hulk, Thor, Black Widow, Hawkeye and Captain America, against a common foe, the Asgardian Loki and his alien army.
“The Avengers” was the highest-grossing film of 2012 and ranks among the highest-grossing films ever. It spawned multiple sequels, including 2015’s “Avengers: Age of Ultron,” 2018’s “Avengers: Infinity War” and 2019’s “Avengers: Endgame.”
The film now sits at No. 9 on the list of highest-grossing films ever, beaten by both “Infinity War” at No. 5 and “Endgame” at No. 2.
‘Life of Pi’
- Release date: Nov. 21, 2012
- Director: Ang Lee
- Starring: Suraj Sharma, Irrfan Khan, Rafe Spall, Tabu, Adil Hussain, Gerard Depardieu
Based on the 2001 novel of the same name, “Life of Pi” follows a 16-year-old boy stranded at sea with a group of animals after a shipwreck, and most notably among the beasts is a Bengal tiger.
“Life of Pi” was a critical and commercial success, earning $609 million at the box office against a $120 million budget and earning nominations for 11 Academy Awards. The film won four Oscars, including Best Director for Ang Lee, Best Original Score, Best Cinematography, and Best Visual Effects.
‘The Hobbit: An Unexpected Journey’
- Release date: Dec. 14, 2012
- Director: Peter Jackson
- Starring: Ian McKellan, Martin Freeman, Richard Armitage, James Nesbitt, Ken Stott, Cate Blanchett, Ian Holm, Christopher Lee, Hugo Weaving, Elijah Wood, Andy Serkis
Peter Jackson struck gold in the early 2000s with the “Lord of the Rings” trilogy, based on the J.R.R. Tolkien series of the same name. He tried once again with Tolkien’s “The Hobbit” beginning in 2012 — and received mixed results.
The new series starred Martin Freeman as hobbit Bilbo Baggins, a humanoid creature convinced to go on a quest with a wizard and 13 dwarves seeking to reclaim their home, the Lonely Mountain.
“The Hobbit” films, including 2012’s “An Unexpected Journey” blew up the box office, earning over $1 billion. However, critical reception was not nearly as warm as Jackson’s first trilogy.
‘Moonrise Kingdom’
- Release date: May 25, 2012
- Director: Wes Anderson
- Starring: Bruce Willis, Edward Norton, Bill Murray, Frances McDormand, Tilda Swinton, Jason Schwartzmann, Bob Balaban
“Moonrise Kingdom” brought director Wes Anderson together with a host of his typical collaborators for one of his most critically acclaimed films.
The story is set on the fictional island of New Penzance and follows an orphan who escapes scouting camp to unite with his pen pal. Meanwhile, the island’s police captain tries to find those runaways.
The film was praised for its expressive color palette, symmetry, and score by Alexandre Desplat. It was nominated for Best Original Screenplay at the 2012 Oscars.
‘The Dark Knight Rises’
- Release date: July 20, 2012
- Director: Christopher Nolan
- Starring: Christian Bale, Michael Caine, Gary Oldman, Anne Hathaway, Tom Hardy, Marion Cotillard, Joseph Gordon Levitt, Morgan Freeman
“The Dark Knight Rises” brought about a conclusion to Christopher Nolan’s Batman trilogy — one that somewhat divided its fans.
Drawing inspiration from 1993’s “Knightfall” comic, Nolan crafted a story featuring a broken Batman, played by Christian Bale, returning to his role as The Dark Knight to stop Gotham City from Bane (Tom Hardy) and a nuclear disaster.
The film earned just over $1 billion at the box office. It was praised for its action, direction and emotional depth, but wasn’t nearly as acclaimed as its predecessor, 2008’s “The Dark Knight.” | https://cw33.com/news/nexstar-media-wire/10-films-turning-10-in-2022/ | 2022-08-13T16:57:24Z |
Calls for Full Strategic Review, Separation of Flash Business
Sees $100+ per Share by 2023, ~100% Potential Upside
Offers $1+ Billion of Incremental Equity Capital to Facilitate Separation
Full Letter Available at ElliottLetters.com/WesternDigital
WEST PALM BEACH, Fla., May 3, 2022 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that have an approximately $1 billion investment in Western Digital Corporation (NASDAQ: WDC) (the "Company" or "Western Digital"), today sent a letter to the Board of Directors of Western Digital. The letter called on the Board to conduct a full strategic review of the value that could be created by separating its two vastly different businesses, hard disk drives ("HDD") and NAND flash memory ("Flash").
According to the letter, Western Digital has underperformed—operationally, financially and strategically—as a direct result of the challenges of operating both the HDD and Flash businesses as part of the same company. In its letter, Elliott argued that a full separation of the Flash business would allow both HDD and Flash to be more successful while also unlocking significant value. By executing on a separation, Elliott believes Western Digital's stock price could reach $100+ per share by the end of 2023, representing uniquely attractive upside of approximately 100%.
In addition to its public investment in Western Digital, Elliott is also offering $1+ billion of incremental equity capital into the Flash business at an enterprise value of $17 to $20 billion (a valuation close to the Company's entire current enterprise value), to be utilized either in a spin-off transaction or as equity financing in a sale or merger with a strategic partner. This investment proposal underscores Elliott's conviction on the merits of a separation.
The letter can be downloaded at ElliottLetters.com/WesternDigital.
The full text of the letter follows:
Western Digital Corporation
5601 Great Oaks Parkway
San Jose, CA 95119
Dear Members of the Board:
We are writing to you on behalf of Elliott Associates, L.P. and Elliott International, L.P. (together, "Elliott" or "we"), which have an investment of approximately $1 billion and representing over 6% of Western Digital Corporation (the "Company" or "Western Digital"), making us one of the Company's largest investors.
Western Digital serves a critical role in providing fundamental technology to support the ongoing growth of data in two market-leading franchises—hard disk drives ("HDD") and NAND flash memory ("Flash"). In the HDD market, Western Digital has a strong competitive position as the #2 player in an industry that today represents a compelling opportunity, as the demand for near-line HDDs has come to outweigh the steady decline in client PC HDDs. In the Flash market, Western Digital's successful partnership with Kioxia provides technology leadership and important scale benefits as Flash continues its long-term, secular growth.
It has been nearly six years since these two businesses came together through the $19 billion acquisition of SanDisk in 2016. The acquisition was nothing less than transformative. With a single transaction, Western Digital diversified its nearly five-decade business away from HDD and became one of the largest Flash players in the industry. The stated rationale for the deal was the expected synergistic effects of combining a broad portfolio of technologies, improved strategic positioning with customers and an enhanced financial profile.
Unfortunately for the Company and its shareholders, none of these benefits have been realized. By any objective measure, Western Digital has underperformed—operationally, financially and strategically—as a direct result of the challenges of operating two vastly different businesses as part of the same company. This underperformance is particularly disappointing given the Company's great potential in both businesses.
It is important to emphasize that Western Digital's underperformance long predates CEO David Goeckeler and his leadership team, nearly all of whom were hired in 2020 or later. David and his team have steered the Company through a challenging operating environment, and to their credit, they made the important decision in September 2020 to separate the operations of HDD and Flash into separate business units. While this separation was a positive step, the hope that it would lead to better execution has not materialized, and Western Digital's current valuation makes clear that the investment community has not been persuaded that this necessary-but-insufficient step has solved the problem.
We believe a full separation of the Flash business can allow both HDD and Flash to be more successful and unlock significant value. By executing on a separation, we believe Western Digital's stock price could reach $100+ per share by the end of 2023, representing uniquely attractive upside of approximately 100%.
In addition to our public investment in Western Digital, Elliott is also offering $1+ billion of incremental equity capital into the Flash business at an enterprise value of $17 to $20 billion (a valuation close to the Company's entire current enterprise value), which can be utilized either in a spin-off transaction or as equity financing in a sale or merger with a strategic partner. This investment proposal underscores our conviction on the merits of a separation as well as our belief in the long-term prospects of the Flash business.
Today, we are calling on the Board to conduct a full strategic review of these ideas, confident in our view that a comprehensive, independent exploration of the value potential will point decisively toward a separation of HDD and Flash. Though the majority of this Board and management team were not involved in the SanDisk decision, it is nevertheless this Board's responsibility to address current market realities and set the Company on the right course. We are making our perspectives on these matters public, as we want to be transparent and provide all constituents with the opportunity to weigh in for the Board's consideration. At the same time, our goal is to align with you and work closely with the Company to determine the best path forward. To that end, we would welcome a meeting at your convenience to discuss the vision outlined in this letter.
Our letter today is organized as follows:
- Our Investment in Western Digital
- How We Got Here
- Western Digital's Strategic Scorecard
- Path to $100+ per Share
- Working Together
Our Investment in Western Digital
Founded in 1977, Elliott is an investment firm that today manages approximately $51.5 billion of capital for both institutional and individual investors. We are a multi-strategy firm, and investing in the technology sector is one of our most active and successful efforts. Within our technology practice, our team has extensive experience investing in enterprise technology, including prior successful investments across the storage and computing industry. Our experience over the last 15 years includes working with many of the largest companies in this market, including Dell Technologies, EMC and NetApp. We have also been highly active in other relevant areas, including storage software (Commvault, Symantec/Veritas) and data-center infrastructure (Switch, Ark Data Centres).1 Our investing background provided us with broad perspective and insight as we considered how Western Digital must navigate a dynamic market environment.
Elliott's approach to its investments is distinguished by its intensive due diligence, and our efforts on Western Digital have followed this same approach. We enlisted former executives, industry experts, lawyers, accountants and consultants in an exhaustive research process on the Company's strategic position and growth opportunity, as well as considerations for a Flash separation. We believe that this time- and resource-intensive diligence effort has given us a thorough understanding of Western Digital's history and prospects. Our considerable technology-investing experience and comprehensive diligence have informed our perspective that Western Digital is deeply undervalued and that a separation of HDD and Flash is the right path forward.
How We Got Here
With nearly $20 billion of revenue, Western Digital is one of the largest providers of storage components for data infrastructure globally. This end-market is made especially attractive by a confluence of major technology trends that are driving exponential growth in the amount of data requiring storage. Western Digital, along with a small number of competitors, serves a mission-critical role in the development and manufacturing of these products for large enterprises, hyperscale data centers, OEMs and individual consumers.
Over the course of five decades and multiple technological evolutions—including the transition from tape drives to HDDs and the evolving use-cases of HDDs and NAND flash memory—Western Digital has built a highly successful HDD business and earned its industry-leading role alongside Seagate Technology. But with the advent of NAND flash memory, the HDD industry began a slow decline in 2013 as desktop and notebook PCs transitioned toward NAND flash solid-state drives (SSDs), drawn by the latter's superior speed performance. By 2015, the HDD industry was in decline. Many industry analysts predicted the eventual death of HDDs and that Flash would become the prevailing storage medium in the computing industry.
Against this backdrop, Western Digital announced its acquisition of SanDisk for $19 billion in 2015 to diversify its business away from HDDs and to enter the higher-growth Flash industry. This monumental decision represented an "all-in" bet on the synergy benefits of a combined HDD/Flash portfolio—Western Digital was acquiring a $19 billion equity value company when its own market cap was only $20 billion.
In the six years following the SanDisk acquisition, the HDD industry rebounded and went through a critical change: Demand for high-capacity HDDs ("near-line") from hyperscale data centers and enterprise customers accelerated. As client PC HDDs continued to decline, near-line became the dominant HDD category, and today comprises more than half of the industry. This dramatic change has led the HDD industry to become a growth market once again, and Western Digital is one of the two dominant providers of this technology.
See "HDD Revenues By Application, $bn and HDD Revenue Market Share, %" image.
In the Flash industry, demand for SSDs has been robust, as desktop/notebook PC penetration is approaching 75%, smartphones have become ubiquitous and enterprise SSDs are the standard in use-cases where high speed is required. In the last five years, NAND flash has transitioned from 2D NAND to 3D NAND, and the capital requirements for NAND semiconductor fabs have increased substantially. Western Digital, through SanDisk's two-decade JV relationship with Kioxia (formerly Toshiba Memory), enjoys essential scale benefits as one of the largest combined investors in NAND technology, resulting in the lowest cost per bit in the industry. While NAND pricing can be volatile, the industry has grown by more than 2x, from $32 billion in 2015 to more than $68 billion in 2021.
See "NAND Revenues By Application, $bn and NAND Revenue Market Share, %" image.
When Western Digital acquired SanDisk, the articulated rationale was the synergy benefit of a combined portfolio through technology sharing, manufacturing best practices, distribution leverage and customer intimacy. What is truly remarkable is that Western Digital stands alone as the only company today that operates in both HDD and NAND flash, at a time when the rest of the industry has made the opposite bet. Seagate is #1 in HDD and has remained a pure-play with no captive NAND manufacturing business. Toshiba sold its NAND business to an investor group in 2017 (now known as Kioxia) and today is the #3 player in HDD. Samsung is #1 in NAND and exited its HDD business to Seagate in 2011. Micron and SK Hynix, both active acquirers, have declined to enter the HDD business and have instead focused on complementary DRAM and NAND technologies.
See "Competitive Landscape In Memory Sectors" image.
Western Digital's Strategic Scorecard
Our diligence affirmed that Western Digital operates in attractive end-markets with admirable competitive positions in both HDD and Flash. However, with the benefit of nearly six years of performance since the acquisition of SanDisk, we can assess Western Digital's track record operating as a combined HDD/Flash business. We can see whether the strategic objectives of this transformational decision were achieved. And we can determine whether the Company and its shareholders have been rewarded along the way.
Unfortunately, the conclusion from this evaluation is clear: Western Digital has underperformed its strategic aspirations, and investors' profound lack of confidence in the Company is evident in the extraordinary discount at which they value its stock. In the following section, we briefly review our assessment:
Strategic Initiatives
Over the last six years, Western Digital has attempted to deliver on the strategic synergies of a combined HDD and Flash portfolio. As we have highlighted earlier in this letter, we believe Western Digital is well positioned in each of its markets. Critically, however, we believe that ownership of HDD and Flash together has not created tangible strategic benefits, but rather significant detriment. The evidence over the last six years of Western Digital's performance demonstrates that attempting to manage highly complex, vertically integrated businesses such as HDD and Flash together has resulted in execution missteps and conflicting go-to-market approaches.
To start, we can look at the evolving market share during this period: Western Digital has consistently lost share in HDD, while Seagate, its pure-play competitor, has gained share. In Flash, Western Digital has also lost share, as its bet on leveraging the HDD combination has failed to yield any benefit. In contrast, Seagate is #1 in HDD without a NAND business, and Samsung is #1 in NAND after having sold its HDD business to Seagate a decade ago.
In order to understand why this combination has not succeeded, we can review several of the most heavily emphasized areas of strategic benefit that Western Digital has articulated to defend its strategy. The first is the concept of "customer intimacy," which suggests that Western Digital can foster deeper customer relationships if its product portfolio is larger and it can sell both HDDs and Flash SSDs to the same customer. This concept had the potential to be most relevant and strategic for high-growth data-center use-cases, in which customers buy both near-line HDDs and enterprise SSDs. Western Digital has even argued that its "competitive position within the data center is unrivaled, built on the breadth of our product portfolio" and that the "ability to offer both hard drive and flash-based solutions differentiates us from our competitors."
Over the course of our diligence—and based on our customer interviews and review of the actual results—we have concluded that the customer-intimacy argument is dramatically overstated. Since completing the SanDisk deal, Western Digital has failed to gain market share in either near-line HDDs or enterprise SSDs, nor is it #1 in either business, despite its status as the only company with an integrated portfolio. And finally, Western Digital has publicly and frequently conceded that its enterprise SSD efforts have disappointed for years, despite having previously claimed that this area represented the most exciting growth opportunity from the SanDisk acquisition. At the "Benefits of Developing Flash and Hard Drive Technology" event last year, Western Digital admitted "a very difficult period with respect to our enterprise SSD products."
See "Capacity Optimized HDD Revenue Market Share, % and Enterprise SSD Revenue Market Share, %" image.
The second area of strategic benefit that Western Digital has frequently highlighted has been its ability to "move up the stack" and offer customers integrated solutions rather than underlying storage components. Western Digital has referred to this category as "data center solutions" and has promised significant growth and opportunity in an area where it claimed to have a "unique advantage." This opportunity was featured as one of the five pillars of its transformation at the 2016 Investor Day and was emphasized again when discussing the "cloud opportunity" for these products at the 2018 Investor Day. After years of investment and poor traction, Western Digital finally announced its exit from this initiative in 2019 and sold its main product, ActiveScale, to Quantum Corporation in 2020 for only $2 million.
Execution & Financial Results
In 2020, CEO David Goeckeler announced that Western Digital would form separate business units for HDD and Flash. This was the right decision and underscored the challenge of managing this diverse portfolio of assets. HDD and Flash are entirely different technologies: spinning mechanical disks versus leading-edge semiconductor devices. The manufacturing processes are separate and conducted in dedicated facilities. While the businesses share common customers, the products can be in competition in certain use-cases. It is unfortunate that this decision occurred only after years of execution issues as an integrated business. Goeckeler explained this reality when he stated, "There are technical dynamics between flash and HDD that are very different" and that an operational separation would "lead to better execution." However, even the operational separation has not yielded tangible improvement. As Stifel noted in a report published just last week, "[W]e believe WD has to improve its execution in both businesses in order to capitalize on market opportunities. Some are within its control, some are not, but over the past year, execution has been shaky at best."
The operational missteps over the last six years have consistently led to unfulfilled financial targets. An important rationale of the SanDisk acquisition was that a larger enterprise with greater scale, vertical integration, G&A consolidation, go-to-market overlap and R&D efficiency would generate significant financial synergies. These benefits were laid out in an attractive array of long-term financial targets—a profile that Western Digital claimed would not be possible as a standalone HDD business. At the 2016 Investor Day and again at the Investor Day in 2018, Western Digital outlined these long-term targets to the investment community. As Western Digital's shareholders know well, none of these targets were achieved.
See "Western Digital Performance Against Investor Day Targets" image.
These missed targets are especially disappointing because Western Digital has claimed that ownership of both HDD and Flash provides greater "understanding" and "predictability." At the same investor event titled, "Benefits of Developing Flash and Hard Drive Technology," a long-time executive claimed, "We can see storm clouds gathering or winds gathering behind our back well ahead of anyone else." Regrettably, the Company's track record would suggest otherwise.
Enterprise Value & Valuation Multiples
Today, Western Digital has an enterprise value of $21 billion with revenue of $19 billion—a 1.1x multiple. This valuation compares to the combined $34 billion pro forma enterprise value of Western Digital and SanDisk when they announced the acquisition six years ago, representing $13 billion of value loss. By contrast, in the same period, Seagate grew its enterprise value from $17 billion to $22 billion, with revenue of $12 billion—a 1.8x multiple. Despite having 60% more revenue than Seagate, including $10 billion of Flash revenue, Western Digital's enterprise value is now well below Seagate's.
See "Western Digital EV Evolution, $bn and Seagate EV Evolution, $bn" image.
Given that Western Digital and Seagate operate highly comparable HDD businesses with similar financial profiles (discussed more fully in the following section), comparing valuation multiples over time between these companies is instructive. In the chart below, we illustrate their respective P/E multiples over the last decade, highlighting the stark change in the relationship in 2015. The takeaway is unambiguous: Western Digital traded at a premium P/E multiple prior to the SanDisk deal and has since traded at a substantial discount. Interestingly, the discount has not narrowed despite Western Digital having had many years to improve its operational performance and to demonstrate the merit of its strategy. Hiring a new leadership team has also failed to tighten the discount.
See "Forward P/E Over Time and Western Digital vs. Seagate P/E Multiple Premium/Discount" image.
Stock-Price Performance
When Western Digital announced its acquisition of SanDisk, its stock was trading at $75 per share. Six years later, the stock has declined by nearly 30% to $53 per share. In the same time period, the S&P 500 and NASDAQ increased by 103% and 190%, respectively. More importantly, we can look to Western Digital's direct peers in Seagate for HDD and Micron in NAND/DRAM for relative performance. As noted above, Seagate has remained a pure-play HDD player and has outperformed Western Digital by a spectacular magnitude: 229% since the SanDisk acquisition announcement and 278% over the last decade. Micron, led by the former CEO of SanDisk, has also outperformed Western Digital substantially.
See "Relative Shareholder Returns (USD)" image.
In addition, it is important to highlight that Western Digital's stock-price performance has not improved with a new leadership team. CEO David Goeckeler and his team have performed well despite the challenges of COVID, and we commend the long-overdue decision to separate the HDD and Flash business units operationally and to hire new general managers of each. The fact that the Company's stock-price performance has not improved despite this operational change reflects, in our view, continued skepticism regarding the Company's ability to execute on its strategy with this combined portfolio.
Strategic Scorecard Summary
In our diligence process on Western Digital, we evaluated whether its SanDisk acquisition succeeded and whether HDD and Flash should remain together. The evidence overwhelmingly suggests that the combination has not succeeded and that the business should separate. Western Digital did not realize the touted benefits of acquiring SanDisk, and its valuation and shareholder returns have suffered as a result. Indeed, Western Digital's valuation today reflects the market's view that owning HDD and Flash together yields a dis-synergy in terms of operational and financial performance.
When a strategy has so clearly failed to meet its objectives, we believe it is time to consider other alternatives. In the following section, we outline our perspectives on a better path forward that we believe Western Digital's Board should pursue.
Path to $100+ per Share
Today, we are recommending a strategic review at Western Digital. We believe that the Board should immediately commence an evaluation of the benefits of separating the Flash business, which may include a wide range of potential transactions.
Western Digital is in the enviable position of owning two industry-leading businesses in attractive markets with significant scale and profitability. Both the HDD and Flash businesses can stand alone as successful industry leaders, and both demonstrated superior performance prior to Western Digital and SanDisk coming together in 2016. We have high conviction that this is the best path forward for each business' long-term success and position in the industry. For shareholders, we believe this course of action can deliver exceptional results, with the potential for value of $100+ per share by the end of 2023.
Of course, what we are suggesting is not novel. We are confident that many shareholders agree with our view and have likely communicated the same proposal directly to management and the Board. The equity research community also frequently highlights the value upside from a separation, and many analysts use a sum-of-the-parts analysis to value Western Digital. The excerpted quotes below are a sampling of this commentary:
- "The board of directors, senior management and shareholders should be aware of the potential value unlocking via the sum of the parts, splitting up the company, and perhaps the most likely course of action of simply getting its internal operations to post consistent solid results." – Citi, March 2022
- "[W]e would also highlight continued SOTP valuation support from a Kioxia IPO later this year…as well as a potential bidding war for Toshiba (suggesting PE buyers see value in NAND/HDD). With all of these factors in mind, we continue to see WDC as a TOP PICK with fair value of at least $100" – Evercore, May 2021
Valuation of HDD
Over the last two decades, the HDD industry has consolidated to three companies: Seagate, Western Digital and Toshiba. Today, Seagate and Western Digital dominate the industry, with a combined market share of more than 80%. While each company has its strengths and weaknesses, Seagate and Western Digital HDD are highly comparable companies with significant scale, vertical integration and industry-leading technology. With the benefit of a pure-play, publicly traded HDD business in Seagate, we have a strong benchmark for the potential valuation of Western Digital's HDD business (in addition to the valuation history of Western Digital prior to the SanDisk acquisition).
See "Western Digital Vs. Seagate HDD Positioning" image.
Western Digital is currently valued at an enterprise value of $21 billion, representing a multiple of 1.1x LTM revenue and 3.4x LTM gross profit. This valuation compares to Seagate's $22 billion valuation and multiples of 1.8x LTM revenue and 6.1x LTM gross profit. Given the comparability of these businesses, Western Digital's HDD business can be valued at an enterprise value of approximately $17 billion, largely based on Seagate's revenue and gross profit multiples and using March 2022 LTM metrics. The implications are extraordinary for investors: Western Digital's HDD business would be worth more than 80% of the Company's entire current enterprise value, implying approximately $4 billion in value for Flash (or 0.4x Flash revenue). Even if we apply punitive discounts to the HDD business, we believe the market-implied valuation for Flash is highly compelling.
See "Current Multiples and Western Digital Current EV & Implied NAND EV" image.
Valuation of Flash
The Flash industry has grown tremendously over the last decade and is expected to continue growing at a 12% annual rate over the next several years. Interestingly, long-rumored consolidation has been slow to develop, as numerous scale players remain. These include Samsung, Kioxia (formerly Toshiba Memory), Western Digital, SK Hynix (including its ownership of Intel NAND), Micron and YMTC. None of the publicly traded companies are pure-play NAND businesses, which makes valuation comparisons between these companies difficult.
Instead, we can review the history of NAND M&A transaction multiples for valuation guidance. We can begin with Western Digital's own acquisition of SanDisk in 2016 for $17 billion in enterprise value, representing a multiple of 3.0x LTM revenue. In 2017, an investor group led by Bain Capital paid $18 billion for Toshiba Memory (now called Kioxia) at a valuation of 1.9x LTM revenue. In 2020, SK Hynix bought Intel's NAND business for $9 billion, representing 1.8x LTM revenue in total cash consideration.
We believe the valuation for Kioxia is most informative given its special relationship as the JV partner to Western Digital's Flash business. Together, Kioxia and Western Digital share extensive R&D development and manufacturing facilities in Japan and enjoy differentiated technology and scale advantages. Western Digital's interest in acquiring Kioxia is well documented over the years, including the $14 billion bid proposal in 2017 (1.8x LTM revenue) and the rumored $20 billion transaction value last year (1.7x LTM revenue). In the last five years, Kioxia has been publicly rumored to receive interest from a long list of other strategic and financial parties, including Micron, Broadcom, SK Hynix, Foxconn, Kingston, Softbank, KKR and Silver Lake.
See "NAND M&A Precedents, EV/LTM Revenue" image.
We also have the benefit of SanDisk's trading history as an independent public company prior to Western Digital's acquisition. Before the transaction announcement, SanDisk generated $1.2 billion of operating profit on $6 billion of revenue and was valued at an enterprise value of $12 billion. Since then, the NAND flash industry has continued to grow, and Western Digital's Flash business now generates $10 billion of revenue with strong gross margins. This scale, in conjunction with the differentiation of its two-decade partnership with Kioxia, would position the Flash business for success as a standalone company once again.
Based on our review of precedent transactions, the trading history and our perspectives on the NAND industry over the next several years, we believe Western Digital's Flash business can be worth $17 to $20 billion, or 1.5x to 1.75x 2023 revenue. We believe there could be meaningful upside to this valuation based on the long track record of synergy realization in analogous consolidation transactions within the HDD and DRAM industries.
Proposed Direct Investment in Flash
To demonstrate our own conviction in the value of a standalone and focused Flash business ("FlashCo"), Elliott is proposing to invest $1+ billion of equity capital into FlashCo at the same valuation range of $17 to $20 billion with proceeds to be used for continued growth and the next generation of manufacturing facilities. This capital could be utilized either in a spin-off transaction or as equity financing in a sale or merger with a strategic partner. We would welcome the opportunity to make this direct investment, as we believe the need for future NAND capacity is attractive and can generate strong returns. In addition, we believe there are likely other strategic and financial parties who would have an interest in participating in a transaction as well.
With Western Digital's decision to withdraw its dividend, the Company has de-levered to less than 1.4x credit-agreement EBITDA (and 0.9x on a net debt basis). This de-leveraging since the SanDisk acquisition provides flexibility for the potential capital structures of the HDD and Flash businesses. In conjunction with our proposed $1+ billion equity investment, we strongly believe that both businesses would have conservative capital structures to fund organic investment and the ability to initiate a new capital-return program for shareholders.
Unique Value Opportunity
We believe the value opportunity at Western Digital is uniquely compelling. While both business units experience cyclicality in demand and pricing, we believe they both can continue to grow with their markets and generate solid profitability and free cash flow over the next several years. In the analysis below, we illustrate the path to $100+ per share by the end of 2023, representing a total return of approximately 100% during the period. Our 2023 valuation assumes that HDD is worth $17.8 billion (1.9x CY23E revenue), that Flash is worth $18.1 billion (1.6x CY23E revenue) and that Western Digital generates more than $2 billion of free cash flow through the end of 2023 (after separation costs and the IRS settlement).
See "Western Digital CY23 EV Bridge, $bn and Western Digital CY23 Target Price Bridge, $ per share" image.
We rarely identify opportunities with such an attractive risk-return profile, especially in situations where a Board can take clear, value-maximizing action. This level of upside would far outweigh any potential costs incurred to facilitate the separation. In addition, any collaboration that occurs today between HDD and Flash can be maintained through a thoughtfully constructed commercial agreement to ensure both businesses can succeed independently without sacrificing initiatives that would benefit from ongoing partnership. These agreements are common in numerous examples of spin-offs and sale transactions involving a business unit.
Finally, Western Digital reminds us of similar companies where we have seen substantial strategic, financial and operational benefits from a separation. A highly relevant and recent example is the spin-off of Dell Technologies' interest in VMware. Elliott had a long-term investment in this situation dating back to EMC in 2014, when we advocated the separation of EMC's interest in VMware. After Dell acquired EMC in 2016, Dell integrated EMC into its core business and began a multi-year effort to leverage the scale and capabilities of Dell, EMC and VMware. Eventually, Dell determined the best path for both companies was a spin-off of its interest in VMware in 2021. Of particular relevance to Western Digital, Dell and VMware also entered into a commercial agreement to maintain their strategic relationship, co-engineer solutions and align on sales and marketing activities. The results were exceptional: Dell's stock has earned a 78% total return since the announcement of a spin-off exploration.
Working Together
In closing, we have great respect for Western Digital's history and the critical role it plays in the computing and storage industry. Few companies can claim five decades of success through tidal waves of technological change. This achievement was made possible through the effort and ingenuity of Western Digital's leadership and employees over multiple generations. Western Digital's people and products are industry leading; with the right strategic course correction, the Company will be well positioned for its next decade of success.
As a next step, we look forward to discussing our recommendations with you over the next several weeks. Our goal is to align with the Board on this path forward, and Elliott would welcome the opportunity to engage closely with the Company throughout this process. We appreciate your consideration and will make ourselves available at your convenience for further discussions.
Best regards,
Jesse Cohn
Managing Partner
Jason Genrich
Senior Portfolio Manager
About Elliott
Elliott Investment Management L.P. manages approximately $51.5 billion of assets. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest funds under continuous management. The Elliott funds' investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm.
1 Elliott's involvement in this market dates to our 2006 investment in Flash provider, Lexar, which was acquired by Micron. Over the course of our investment, we engaged with numerous industry players, including the leadership team of SanDisk at the time.
Media Contact:
Stephen Spruiell
Elliott Investment Management L.P.
(212) 478-2017
sspruiell@elliottmgmt.com
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PHOENIX, July 14, 2022 /PRNewswire/ -- An industry-leading provider of ticket and e-commerce protection solutions in today's experience economy, Protecht Inc. continues to strengthen its team, with Mark Kramer serving as Chief Technology Officer.
During his eight-year tenure as Vice President of Engineering at Pac-12 Networks, Kramer started one of the most successful data analytics programs in college sports. He was named Acquia/AWS's Cloud Innovator of the Year and earned numerous accolades for pioneering sports and media workflows at scale in the cloud. Kramer grew his team at Pac-12 Networks from start-up to operational maturity, delivering thousands of live sports events and a massive archive of on-demand streaming content to millions of consumers.
Before joining Protecht, Kramer was Executive VP of Engineering at Shopkick. While at Shopkick, he led the global mobile and platform engineering, infrastructure, data engineering, and QA teams to revitalize its consumer products and services. Kramer also logged lengthy stints as VP of Digital Technology & Products at Future Publishing. and XM Satellite Radio's Director of Digital Engineering & Products.
"Mark Kramer is a phenomenon, a transformational leader, and a huge asset to Protecht," said Protecht CEO Bryan Derbyshire. "He possesses a brilliant engineering mind and combines it with a truly awesome ability to collaborate with, empower, and motivate teams in their drive to develop innovative solutions for our clients and their customers in today's experience economy. His focus is unrivaled, and he will power Protecht toward superior technological advances to enhance consumer needs."
A former touring musician, Kramer earned his B.A. in Telecommunications Management and Policy from the University of Alabama. He and his family reside in the San Francisco Bay Area, where they enjoy an active lifestyle.
"Being part of such an impressive team developing important and impactful products is the opportunity of a lifetime," said Kramer. "There is this palpable collective energy at Protecht that comes from a blend of the team's talent combined with a clear mission and shared vision. I'm confident that we will achieve whatever we set out to do."
Headquartered in Phoenix, Protecht, Inc. is among the highest scoring businesses on Inc. magazine's 2022 Best Workplaces list. Protecht's industry-leading, proprietary live event technology, and consumer-facing suite of protection products support its B2B partners and offer ticketing platforms control over inventory, real-time data reporting, additional lines of revenue, fraud prevention tools, and fan engagement through enhancements such as improved checkout flow and upgraded security. They've teamed up with strategic partners to cost-effectively protect event attendees and participants from potential lost ticket costs due to covered unforeseen circumstances. Protecht's leadership team is rooted in extensive experience in fraud protection, payments, insurance, technology, music, and entertainment. "Protecht What Matters." www.protecht.com
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What’s the best leather jacket for men?
A leather jacket is an effortless and cool clothing staple for any fashionable closet. Leather jackets are loved by both celebrities and everyday people for their timelessness and effortless look. They also have the ability to make your outfit either edgy or classy, depending on how you style it.
Most people consider a leather jacket an investment piece that will last for years to come. For a classic leather-style jacket that is sure to elevate your style, the Calvin Klein Men’s Faux Lamb Leather Moto Jacket is a top pick.
What to know before you buy a leather jacket for men
Design
Leather jackets come in a variety of designs based on their cut, style or additional accessories. Some popular designs of leather jackets are the motorcycle jacket, the bomber jacket, the motocross jacket and the cattleman jacket. Some of these designs have more detailing and accessories than others. They also come in different colors. Darker colors like brown or black are the most popular.
Kind of leather
There are different kinds of leather used to make leather jackets. Leather could either be faux or genuine. Faux leather is artificial or synthetic leather while genuine leather is obtained from animal hide. The durability and feel of the leather differs based on its source.
For example, leather jackets made from cowhide or calfskin are more durable than other types of leather, even though they are harder to break in. Other materials like deerskin, goatskin and lambskin provide a more lightweight feel for jackets. They wear well over time but may not be as durable as cowhide or calfskin.
Weather
Leather jackets may be uncomfortable in certain climates, as the material itself quickly gets hot when the temperature goes up. Due to the way they are manufactured, they are also not as breathable as jackets made from other materials. As such, they are best suited for chilly or windy weather because they serve as good windbreakers.
What to look for in a quality leather jacket for men
Grain
The grain of a leather jacket differs based on the quality and manufacturing processes the leather is subjected to. Some of the most common grains are full-grain leather and top-grain leather.
- Full-grain leather refers to leather obtained from the outer layer of animal hide. Because of the minimal alterations it goes through, it has a rough feel to it that is popular in leather clothes.
- Top-grain leather, on the other hand, has a smoother feel because the outer animal hide has been separated from the other layers. This creates a thinner leather.
Lining
A good leather jacket is made with separate linings for the body and sleeves of the jacket. A lining that has higher insulating qualities, such as fleece, sherpa or a heavy satin, will often be used to line the body of leather jackets.
Additional features
Depending on the design, leather jackets may come with additional zippers, buckles or pockets. Additional zippers and buckles can give a more casual or edgy feel to a leather jacket, making it easier to pair with similar items you may have in your wardrobe. Extra pockets are also a good option to keep in mind for convenience and fashion statements.
Appearance
Good-quality leather jackets will maintain a straight appearance even after several wears. A good way to check if the leather is of high quality is to fold it back on itself. A leather jacket of high quality will not have any creases afterward and the grain will remain tight.
How much you can expect to spend on a leather jacket for men
Leather jackets cost between $60-$300, and designer jackets may set you back up to $1,000.
Leather jacket for men FAQ
Does real leather peel?
A. Real leather may have a damaged finish, but should not peel or flake.
What is the lifespan of genuine leather?
A. Although expensive, real leather can last 20 to 30 years or more if cared for properly.
How often should I clean my leather jacket?
A. A leather jacket should be cleaned at least once every six months, depending on how often you wear it.
What’s the best leather jacket for men to buy?
Top leather jacket for men
Calvin Klein Men’s Faux Lamb Leather Moto Jacket
What you need to know: This is a faux leather jacket made from 100% polyurethane.
What you’ll love: The included hooded sweatshirt and bib are removable, making it easy to adjust according to the look you’re going for. The collar is a classic moto jacket style and adjustable, giving it a more comfortable fit.
What you should consider: Using a machine to wash it may damage the material, so it should only be hand-washed.
Where to buy: Amazon
Top leather jacket for men for the money
Men’s Excelled A-2 Leather Bomber Jacket
What you need to know: This is a classic bomber-style jacket with cargo pockets and rib trimming.
What you’ll love: The soft lining provides great insulation for cold weather. The jacket also has interior cargo and snap pockets that are convenient for any small items you may be carrying.
What you should consider: It’s made from real leather, so it’s on the more expensive side.
Where to buy: Kohl’s
Worth checking out
Levi’s Men’s Faux Leather Motorcycle Jacket
What you need to know: This is a faux leather jacket with a cool zipper closure.
What you’ll love: This jacket has edgy detailing with lapels and an asymmetrical front zipper. It is quite comfortable to wear and has a boxy look that makes it edgy yet sophisticated.
What you should consider: It may not be as durable as jackets made from genuine leather.
Where to buy: Amazon
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/apparel-br/outerwear-br/best-leather-jacket-for-men/ | 2022-08-04T21:56:40Z |
Truist's partnerships aim to improve access to capital and technical assistance for small business owners with a focus on Black, Latinx and historically underserved communities
CHARLOTTE, N.C., June 27, 2022 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC), together with Truist Foundation and Truist Charitable Fund, today announced a $120 million commitment to strengthen and support small businesses, focusing on Black, Latinx and women-owned businesses.
The commitment includes $30 million in philanthropic grants to support nonprofits who assist small businesses and diverse entrepreneurs and $5 million in philanthropic grants, which will support technical assistance, small businesses and volunteerism. In addition, $85 million in investments support debt and equity. Truist is especially focused on partnering with CDFIs, as they are uniquely centered around providing credit and financial services to underserved populations.
Truist shared details of this commitment today in Charlotte, North Carolina, inside its Innovation and Technology Center at Truist's headquarters. Bill Rogers, Truist chairman and CEO, and Lynette Bell, president of Truist Foundation, were joined by Alethia Mendez, division president for Elevating Black Women Entrepreneurs at Grameen America.
"Small businesses are a vital part of our economy and are core to the health and vibrancy of our communities," said Bill Rogers. "Our purpose is to inspire and build better lives and communities. This commitment exemplifies our purpose—it is focused on capitalizing small businesses and reaching diverse communities by providing financing as well as support and training to help minority-owned small businesses thrive and grow."
As part of the company's overall commitment to small businesses, Truist will make a $5 million national investment in Grameen America. Truist's Community Development Financing Initiative will provide flexible funding to support access to capital to women entrepreneurs who live below the federal poverty line for whom the mainstream financial system is currently out of reach. Truist Foundation also announced a $500,000 grant to Grameen America's Charlotte portfolio, which will ultimately help generate $1.4 million in disbursements via 270 microloans to women entrepreneurs in one year. This grant serves as one example of Truist Foundation's commitment to supporting small, minority-owned and operated businesses nationwide.
Truist's 2022 national commitment includes loans, investments and grants to organizations across the country, including:
- Florida Community Loan Fund (FCLF) – $10 million
- Local Initiatives Support Corporation (LISC) – $10 million
- Empower the Change – $10 million
- Grameen America – $5.5 million
- Entrepreneur Backed Assets Fund (EBA) – $5 million
- Minority Business Accelerator Fund (in conjunction with Cincinnati USA Regional Chamber) – $3 million
- Asset Funders Network – $300,000
- CommunityWorks – $300,000
"Truist Foundation is pleased to work alongside Truist Bank to further our commitment in strengthening small businesses and generating career pathways for underserved communities," said Bell. "This $120 million pledge will create lasting partnerships and comprehensive support for organizations working to improve access to capital and technical assistance for small business owners."
"Together, Grameen America and Truist stand to enact transformative change in Charlotte and across the United States as we remove barriers to access affordable capital for women of color," said Andrea Jung, president and CEO of Grameen America. "Truist's new support through a $500,000 grant expands our longstanding relationship and is projected to provide nearly $7 million in working capital through 1,200 microloans over the next five years. This generous support of our program is instrumental as we expand our national footprint and deepen our investment in underserved communities across the nation."
Truist's recent 2022 Annual Small Business Owners Survey results indicate that while small businesses have faced challenges these last few years, they remain resilient. Small businesses have proven they know how to pivot and make contingency plans for any unplanned events that come their way, and they are better prepared now more than ever to make the right investments to achieve their long-term goals. Funding like Truist's will help small businesses get access to the right capital and advice to help them plan and grow their businesses.
About Truist
Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Truist has leading market share in many high-growth markets in the country, and offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Headquartered in Charlotte, North Carolina, Truist is a top-10 U.S. commercial bank with total assets of $544 billion as of March 31, 2022. Truist Bank, Member FDIC. Learn more at Truist.com.
About Truist Foundation
The Truist Foundation is committed to Truist Financial Corporation's (NYSE: TFC) purpose to inspire and build better lives and communities. Established in 2020, the foundation makes strategic investments in nonprofit organizations to help ensure the communities it serves have more opportunities for a better quality of life. The Truist Foundation's grants and activities focus on building career pathways to economic mobility and strengthening small businesses. Learn more at Truist.com/Purpose/Truist-Foundation.
About Grameen America
Founded by Nobel Peace Prize recipient Muhammad Yunus, Grameen America is a 501(c)(3) nonprofit microfinance organization dedicated to helping women who live in poverty build small businesses to create better lives for their families. The organization offers microloans, training and support to transform communities and fight poverty in the United States. Since opening in January 2008, Grameen America has invested over $1.5 billion in more than 132,000 low-income women entrepreneurs. Opening originally in Jackson Heights, Queens, Grameen America has expanded to 15 cities in Austin, TX, Boston, MA, Charlotte, NC, Fresno, CA, Houston, TX, Indianapolis, IN, Los Angeles, CA, Miami, FL, Newark, NJ, New York City, NY, Omaha, NE, Oakland, CA, San Jose, CA, San Juan, PR, and Union City, NJ.
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SOURCE Truist Financial Corporation | https://www.wibw.com/prnewswire/2022/06/27/truist-announces-120-million-commitment-strengthening-small-businesses/ | 2022-06-27T18:36:03Z |
Kansas State Fair unveils 3 new food options
HUTCHINSON, Kan. (KWCH) - Fair time is always the best time to try new and interesting foods.
The Kansas State Fair announced three new offerings this year - Burnt End Burgers (at the Original Beer Garden), Waffle Cheese Curds with syrup (at the Original Beer Garden) and OMG Chicken Sandwich featuring a donut with chicken, bacon and syrup (at Chicken City).
You can check out the new fair food for a reasonable price on Tasty Tuesday. Many food vendors will be offering sample sizes on Tuesday, Sept. 13 for just $2. A flyer of participating vendors will be available at the front gate.
The Kansas State Fair kicks off on Friday, Sept. 9, and runs for 10 days. You can find details on entry fees and other daily deals, here: https://www.kansasstatefair.com/
Copyright 2022 KWCH. All rights reserved. To report a correction or typo, please email news@kwch.com | https://www.wibw.com/2022/09/01/kansas-state-fair-unveils-3-new-food-options/ | 2022-09-01T22:10:21Z |
JUNO BEACH, Fla., July 8, 2022 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) today announced that it plans to report second-quarter 2022 financial results before the opening of the New York Stock Exchange on Friday, July 22, 2022, in a news release to be posted on the company's website at www.NextEraEnergy.com/FinancialResults. The company will issue an advisory news release over PR Newswire the morning of July 22, with a link to the financial results news release on the company's website. As previously communicated, the company will make available its financial results only on its website.
John Ketchum, president and chief executive officer of NextEra Energy, Kirk Crews, executive vice president, finance and chief financial officer of NextEra Energy, and other members of the company's senior management team will discuss the company's second-quarter 2022 financial results during an investor presentation to be webcast live, beginning at 9 a.m. ET on July 22. Results for NextEra Energy Partners, LP (NYSE: NEP) also will be discussed during the same investor presentation.
The listen-only webcast will be available on NextEra Energy's website by accessing the following link: www.NextEraEnergy.com/FinancialResults. The financial results news release and the slides accompanying the presentation may be downloaded at www.NextEraEnergy.com/FinancialResults, beginning at 7:30 a.m. ET on the day of the webcast. A replay will be available for 90 days by accessing the same link as listed above.
NextEra Energy, Inc.
NextEra Energy, Inc. (NYSE: NEE) is a leading clean energy company headquartered in Juno Beach, Florida. NextEra Energy owns Florida Power & Light Company, which is the largest vertically integrated rate-regulated electric utility in the United States as measured by retail electricity produced and sold, and serves more than 5.7 million customer accounts, supporting more than 12 million residents across Florida with clean, reliable and affordable electricity. NextEra Energy also owns a competitive clean energy business, NextEra Energy Resources, LLC, which, together with its affiliated entities, is the world's largest generator of renewable energy from the wind and sun and a world leader in battery storage. Through its subsidiaries, NextEra Energy generates clean, emissions-free electricity from seven commercial nuclear power units in Florida, New Hampshire and Wisconsin. NextEra Energy has been recognized often by third parties for its efforts in sustainability, corporate responsibility, ethics and compliance, and diversity. NextEra Energy is ranked No. 1 in the electric and gas utilities industry on Fortune's 2022 list of "World's Most Admired Companies," recognized on Fortune's 2021 list of companies that "Change the World" and received the S&P Global Platts 2020 Energy Transition Award for leadership in environmental, social and governance. For more information about NextEra Energy companies, visit these websites: www.NextEraEnergy.com, www.FPL.com, www.NextEraEnergyResources.com.
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SOURCE NextEra Energy, Inc. | https://www.kxii.com/prnewswire/2022/07/08/nextera-energy-announces-date-release-second-quarter-2022-financial-results/ | 2022-07-08T11:12:38Z |
NEW YORK, July 13, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of TrueBlue, Inc. ("TrueBlue" or the "Company") (NYSE: TBI). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether TrueBlue and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On June 15, 2022, TrueBlue issued a press release "announc[ing] . . . that Patrick Beharelle has resigned as Chief Executive Officer and as a member of the Board of Directors of TrueBlue, effective June 14, 2022." The Company stated that "Mr. Beharelle's resignation follows an investigation, led by outside counsel, into allegations regarding his conduct. Based on the investigation's findings, the Board of Directors determined that he had engaged in behaviors that violated TrueBlue's policies and Code of Conduct. Mr. Beharelle's conduct in question was not related to financial controls, financial statements, or business performance." On this news, TrueBlue's stock price fell sharply during intraday trading on June 15, 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-investigates-claims-behalf-investors-trueblue-inc-tbi/ | 2022-07-14T00:46:18Z |
— Fast-growing Franchise Expects to Approach 1,000 by End-of-Year and Continues to Expand Franchisee Network Nationwide —
TORRANCE, Calif., Aug. 15, 2022 /PRNewswire/ -- Grand Welcome, one of the fastest growing short-term vacation rental management franchise concepts, announces that it has surpassed 750 properties nationwide in its franchise network, representing a more than 200% year-over-year increase. Franchisee and revenue growth have doubled in 2022, as well, as the franchise has developed innovative operational strategies to aid franchisees effectively scale their businesses.
"In less than three years we have been able to launch the Grand Welcome franchise and have it become one of the fastest growing concepts in the market. We expect sustained growth over the next year, as we continue to address market needs in a manner unlike any other short-term vacation rental company," said Brandon Ezra, founder and CEO of Grand Welcome.
Grand Welcome now has franchisees and properties in 13 states. Each property is locally owned and operated, unlike other short-term vacation rental franchises. Grand Welcome exceeded 30 franchisees in July of this year and expects to double that number by the end of 2022.
Ezra points to three pillars for Grand Welcome's growth and appeal to franchisees:
- Community-based – By having each franchisee serve as a member of their community, Grand Welcome is giving back to the areas in which they manage properties. This aids in the long-term success of the franchisee and helps the respective communities prosper.
- Advanced Technology – Grand Welcome has developed a proprietary reservation and accounting system that helps franchisees operate efficiently from the first day of business. It also helps franchisees scale more efficiently for effective expansion.
- Support – Franchisees have access to a back office administrative support team of highly qualified and trained professionals skilled in reservations, customer service, marketing, and accounting. It allows the franchisees to better focus on the properties in their territories.
"Our vision is to grow Grand Welcome through a shared passion and innovation that recognizes opportunities and seizes them. That approach led us to recently introduce a Tier 1 program to best address an underserved part of the short-term vacation rental business efficiently. Additionally, our expansion plans include international properties, as we expect to continue to set the pace in our market segment," said Ezra.
About Grand Welcome
Named one of Entrepreneur magazine's Top New and Emerging Franchises of 2022, Grand Welcome has become one of the leading short-term rental property management businesses in the United States. Founded in 2009, the company is consistently growing the number of franchise locations, properties, and range of destinations it offers to valued and loyal customers.
To learn more about Grand Welcome franchise opportunities, visit www.grandwelcomefranchise.com or call 803.991.4297.
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SOURCE Grand Welcome | https://www.wibw.com/prnewswire/2022/08/15/grand-welcome-announces-it-has-surpassed-750-short-term-vacation-rental-properties-us/ | 2022-08-15T18:52:09Z |
Award-winning actor kicks off Main Event Flight 1D with Shuffle Up & Deal
LAS VEGAS, July 6, 2022 /PRNewswire/ -- Vegas baby, Vegas! Earlier today, World Series of Poker (WSOP®) Celebrity Master of Ceremonies, Vince Vaughn, arrived at the 53rd annual WSOP Main Event in memorable fashion. Adorned in royal attire, Vaughn was carried into the Bally's Events Center flanked by a full Roman Royal Court making his way to the Final Table.
Vaughn unveiled the newly designed Main Event bracelet during his procession before offering a few words and making the iconic Shuffle Up and Deal announcement to kick off the last of the prestigious Main Event $10,000 No-Limit Hold'em flights.
"As Master of Ceremonies for the World Series of Poker, I couldn't be more excited to play a role on the Las Vegas Strip by kicking off the biggest and most prestigious poker tournament in the world," said Vaughn. "This is the Main Event and a World Champion needs an incredible trophy, not just some lousy ring."
The newly designed Main Event bracelet is custom created from 500 grams of 10 karat white and yellow gold, featuring 55 and a half karats or 2,767 various precious stones including rubies, and black and white diamonds. In a feature unique to the 2022 design, a removable golden poker chip sits in the center of the bracelet which can be used as a cardholder.
Following remarks, Vaughn made his way through the tables in both Bally's and Paris mingling with some of the sport's top players like Phil Ivey, Johnny Chan, and Chris Moneymaker.
"The WSOP is the biggest deal in poker but to have a Las Vegas icon like Vince Vaughn unveil our bracelet and bring some fun to the event was a special moment," said Ty Stewart, Senior Vice President and Executive Director of the WSOP. "We look forward to an exciting conclusion to what has been a historic first tournament on the Las Vegas strip."
Upcoming WSOP events this week include:
- Event #71: $1,111 One More for One Drop No-Limit Hold-em
- Event #75: $777 Lucky 7's No-Limit Hold'em 7-Handed
- Online Event #7: $1,000 No-Limit Hold'em Online Bracelet Championship
Registration for the Main Event is open through Friday, July 8 at 3:40 p.m. PST. However, the action doesn't end there with more than 25 WSOP bracelet events still left to play and qualify for, including the Tournament of Champions and more through Wednesday, July 20. The full WSOP tournament schedule can be found at WSOP.com/tournaments.
The World Series of Poker® is the largest, richest and most prestigious gaming event in the world, having awarded more than $3.5 billion in prize money and the prestigious gold bracelet, globally recognized as the sport's top prize. Featuring a comprehensive slate of tournaments in every major poker variation, the WSOP is poker's longest-running tournament in the world, dating back to 1970. In 2021, the event attracted 127,075 entrants to the Rio All-Suite Hotel & Casino in Las Vegas and awarded more than $237 million in prize money. In addition, the WSOP has formed groundbreaking alliances in broadcasting, digital media and corporate sponsorships, while successfully expanding the brand internationally with the advent of WSOP Europe in 2007 and the WSOP Asia-Pacific in 2013 and the WSOP International Circuit Series in 2015. In 2022, the WSOP will take place on The Las Vegas Strip for the first time ever at Bally's, the future Horseshoe, and Paris Las Vegas Hotel & Casino. All WSOP events are subject to the then-current and applicable WSOP tournament rules. For more information, please visit www.wsop.com.
**Hi-res photos and b-roll available HERE
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SOURCE Caesars Entertainment, Inc. | https://www.kxii.com/prnewswire/2022/07/07/master-ceremonies-vince-vaughn-debuts-2022-world-series-poker-main-event-bracelet-grand-fashion/ | 2022-07-07T03:09:42Z |
NEW VIDEO: Surveillance video captures tornado’s destruction on Prairie Creek Elementary School
ANDOVER, Kan. (KWCH) - Surveillance video released by Andover Public Schools on Thursday shows several angles of the damage created as a tornado barreled through town on Friday. The video, nearly four minutes long, offers multiple points of view from outside and inside the building.
At 1:17, 1:42 and 2:10, you can see the wind pick up single vehicles left in the parking lot and blow them away. Another camera inside the building shows the storm sweep through the lunchroom blowing around tables and debris, and blowing out the windows.
The district said that while the video may be difficult to watch, it’s a testament to storm shelters. Despite damage in the building, nothing inside the storm shelter was affected. Plus, officials said the video can help show the power of the storm and help make sense of what happened.
The school sustained significant roof damage and parts of the building were flooded. For this reason, Praire Creek is closed for the rest of the year, and classes were canceled for the week of May 2.
Students will resume classes next week (May 9) at Meadowlark Elementary, Sunflower Elementary, Cottonwood Elementary, the Andover Center for Advanced Professional Studies and St. Vincent de Paul Catholic Church. Students will have the same teachers they have had all year. Prairie Creek staff has been in contact with families regarding the return to school.
As students come back, school supplies will be needed to help them finish off the last two weeks of school. Monetary donations can be made through The Foundation for Andover Schools.
Copyright 2022 KWCH. All rights reserved. | https://www.wibw.com/2022/05/05/new-video-surveillance-video-captures-tornados-destruction-prairie-creek-elementary-school/ | 2022-05-06T00:06:23Z |
Delivering Better Customer Service Is the Top Workforce Initiative for Only 7% of Senior Leaders as the Great Resignation Wears On, Latest Executive Survey from WorkJam Shows
MONTREAL, July 28, 2022 /PRNewswire/ -- Worker shortages and employee turnover are much greater concerns for global executives than ongoing supply chain woes are, according to a new survey released today by WorkJam, the world's leading digital frontline workplace for organizations with shift and hourly employees. The recent survey of executives working in industries that include retail, manufacturing, consumer goods, and transportation and warehousing found that leaders consider labor shortages (48%), employee turnover (31%) and even workplace stress (10%) as bigger operational challenges than supply chain issues (9%).
The WorkJam study also found that retention ranks as a much more important workforce initiative than improving customer service. Fully, one-third of execs surveyed cite retention as their top imperative, followed by attracting talent (28%), upskilling staff to be able to "do more with less" (20%), improving operational efficiency (12%), and delivering better customer service (7%).
"Our customers across industries are dealing with high turnover, and this survey suggests that executives understand it's imperative to meet the needs of employees who are choosing to stay, but are looking for a better work environment, more flexible schedules, and career mobility," said Steven Kramer, CEO of WorkJam. "In the retail industry, specifically, the back-to-school season is coming up fast and executives know they must hold on to great employees to be able to provide an excellent customer experience. The survey shows retail leaders are looking to meet their current employees' needs as individuals wherever they can. This includes prioritizing professional development, team-building activities, and providing a better work/life balance."
OTHER KEY FINDINGS
- Execs understand that better retention is strongly linked to business success: Nearly three-quarters (72%) of executives understand that investing in employee retention will result in a better ROI for their business, but only half (50%) think their organization is doing an excellent or good job when it comes to retaining frontline employees.
- DEI initiatives rank low on employees' lists of desired workplace improvements: Scheduling flexibility (57%) tops the list of areas where employees have indicated to executives that they'd like to see workplace improvements. Meaningful work (54%), compensation (53%), schedule predictability (49%), growth opportunities (46%) and company culture (45%) all ranked much higher than DEI efforts, an area where only 17% of executives surveyed said that their employees would like to see the organization improve.
- More than 4 in 10 execs surveyed said they are trying to improve retention by sharing employees across locations: While pay increases (60%) and adding perks (50%) top the list of ways companies are trying to improve retention, 41% of those surveyed said they are looking to share employees across locations and regions.
- In retail specifically, frontline workers are looking for improved compensation and scheduling: Retail industry executives say their frontline staffs are looking to them to boost pay and provide more flexible schedules, with each factor cited by 57% of execs surveyed. Other areas where employees would most like to see improvements include schedule predictability and career growth opportunities (both at 52%).
- Companies are prioritizing mental health services as important workplace benefits: 62% of execs surveyed said their company either already offers or plans to offer mental health services to employees, compared with 67% that offer or plan to offer employee rewards and 63% that offer or plan to offer flexible/self-scheduling arrangements.
- The majority of executives are confident in their company's ability to engage and enable employees: Some 68% of survey respondents think their organization is doing an excellent or good job of engaging frontline employees and 65% say the same about enabling employees, but only 50% say their organization is doing an excellent or good job of retaining workers, indicating that there is room for improvement when it comes to corporate engagement and enablement efforts.
- Compensation and better career path opportunities are the main reasons employees leave: Fully three quarters of executives across a range of major industries think employees are leaving their company for better-paying jobs, while 67% think staff is leaving for career development reasons. Less than half (49%) believe talent leaves to attain better schedule flexibility and work/life balance and only 44% believe employees leave in search of better benefits.
Methodology
WorkJam's survey was fielded among 138 executives working across 21 major industries in North America, Europe, Asia and South America who were surveyed online in June 2022. Of the executives surveyed, 113 work at companies with more than 10,000 employees, 24 work at companies with 1,001–10,000 employees and 1 works at a company with 201–1,000 employees.
About WorkJam
WorkJam was founded in 2014 to improve the lives of frontline workers. As the world's leading digital frontline workplace, WorkJam combines communication, task management, scheduling tools, learning, and more – all on one app. It is the only complete and unified system designed to revolutionize the way HQs and their frontline work together, boosting efficiencies and productivity. Available in over 45 languages with inline translations, the app helps organizations bridge language barriers and create a more inclusive working environment for all. WorkJam introduces Total Workforce Orchestration®. To learn more, visit WorkJam.Com
Media Contact:
Alissa Heumann
Berns Communications Group
aheumann@bcg-pr.com
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SOURCE WorkJam | https://www.wibw.com/prnewswire/2022/07/28/labor-shortages-turnover-are-bigger-challenges-than-supply-chain-issues-new-study-reveals/ | 2022-07-28T16:05:40Z |
DALLAS (AP) — Hundreds of uniformed Southwest Airlines pilots stood in perfect lines in the scorching Texas sun at Dallas Love Field on Tuesday, holding signs that blamed Southwest management for delays and cancellations that have upset passengers.
Every once in a while, a motorist would honk or yell encouragement. Most passengers made a beeline for the security checkpoint inside the terminal.
The protest, which the union said drew up to 1,300 pilots, was the latest example of airline workers trying to put pressure on companies by taking their demands for higher pay directly to the flying public.
Federal law makes it nearly impossible for airline unions to conduct legal strikes. Contract negotiations tend to drag out — often for years. Southwest’s flight attendants have been working under an old contract since 2018.
That slow pace causes unions to look for creative ways to put pressure on management. Sometimes they vote to authorize a strike — Alaska Airlines pilots did that last month — even though there is little chance that they will walk off the job.
Last week, the Air Line Pilots Association, or ALPA, posted an open letter to Delta Air Lines customers, saying its members empathized with travelers whose flights were delayed or canceled, and blaming Delta management. The union said Delta has scheduled more flights than it has pilots to fly, and pilots were working record overtime hours.
Earlier this month, American Airlines pilots picketed near the New York Stock Exchange, and before that, at major airports. Some held signs such as, “Frustrated with AA? So are we.”
Airline unions are hoping to take advantage of strong demand for travel this summer to win increases in wages and benefits.
United Airlines reached agreement with ALPA last month. Terms have not been disclosed, but they likely included higher pay — United’s CEO called it an industry-leading proposal. The deal still needs to be ratified by pilots.
Two regional subsidiaries of American will give pilots a wage premium of 50% through August 2024 in addition to longer-term increase. So-called regional carriers, which operate American Eagle, Delta Connection and United Express flights, are being hit hardest by a shortage of pilots.
On Tuesday at Love Field, which is next to Southwest headquarters, pilots in crisp white short-sleeved shirts with epaulets on their shoulders stood at attention, holding signs that read “Southwest’s operation: From first to worse,” and “Our passengers and pilots deserve better.”
Casey Murray, president of the Southwest Airlines Pilots Association, the union for the airline’s 9,000 pilots, said work has turned into a “flightmare” for pilots because of over-scheduling.
“It’s a struggle every day out there. Our fatigue rates reflect that,” he said. In the first five months of this year, Southwest pilots reported feeling fatigued at more than triple the rate of a year ago, according to figures from the union, which says this raises safety concerns.
Southwest said in a brief statement that it respects the right of employees to express their opinions, “and we do not anticipate any disruption in service as a result of this single demonstration.” The airline declined to comment on the union’s concerns.
Neither the union nor the company would discuss wages or other bargaining topics.
Dallas-based Southwest has been hiring pilots since last year to replace those who took buyouts that the airline offered in 2020, when the pandemic caused air travel to plummet. The union says pilots are not being fairly compensated for handling extra flights, and that Southwest uses outdated crew-scheduling technology that makes it hard for the airline to recover from even minor hiccups.
Southwest, the nation’s fourth-biggest airline, suffered through high cancellation rates last summer and again in early October, when weather-related cancellations in Florida cascaded into a dayslong, nationwide meltdown. It has performed better more recently, including over the Memorial Day weekend.
It is hard if not impossible to know whether picketing at airports helps unions at the bargaining table.
Pilots enjoy particular respect from travelers, and when they picket in full uniform, “they create a powerful image” that travelers remember, said Henry Harteveldt, a travel analyst with Atmosphere Research Group.
Harteveldt said pilots currently have leverage in negotiations because of a pilot shortage and widespread flight delays and cancellations.
“But timing is everything in these negotiations,” he said. “If the economy has a significant slowdown and airlines see business fall off and scale back their flying, then the leverage pilots have today may be gone.” | https://cw33.com/business/ap-business/pilots-picket-as-airline-unions-leverage-summer-travel-woes/ | 2022-06-22T17:43:46Z |
Addressing root causes of homelessness: Unaffordable housing
WASHINGTON, Aug. 25, 2022 /PRNewswire/ -- California has over one-fifth1 of the total homeless population in the United States, well above its population share of 12%. Between 2019 and 2020, homelessness in California increased by 6.8%-- the most in the United States. Cities have been quick to respond with more money directed towards fighting homelessness: In the past two years, both San Francisco and Los Angeles city governments have responded by pledging $1.1 billion to fight homelessness.2
But those same cities have dragged their feet when addressing the core cause of the homelessness crisis: a lack of housing supply that drives up the price of housing for all. The American Enterprise Institute is hosting a series of conferences promoting "Light Touch Density", with a blueprint for building more housing for Californians across a broad range of price points. Adding to supply in this way will help address unaffordability, one of the root causes of homelessness.
California's housing supply has failed to keep pace with its population growth, leading to higher prices for homeowners and renters alike. The link between cost of housing and the rate of homelessness has been documented. Communities that are cost burdened for housing (spend more than 30% of their income) see a rapid increase in homelessness.3 Over 50% of renters and almost 40% of homeowners with mortgages are cost burdened for housing in California.4
One of the keys to lowering housing and rental prices is decreasing lot sizes and increasing housing diversity. A recent AEI study shows that light touch density widens the range of price points that can buy and rent in a neighborhood. For example, in San Diego County, light-touch increases in single family detached density in newly developed subdivisions would result in 31% more homes built per year and a 10% reduction in home prices.
The recently enacted SB 9 and 10 will address California's housing supply crisis by facilitating Light Touch Density and Walkable Oriented Development. These bills enable homeowners take advantage of their land's value and unlock economic potential. Join AEI September 19-23 to learn how you can be part of the solution to California's housing supply crisis.
Registration is open for 6 California free conferences to be held the week of September 19, 2022.
These conferences are free and open to all—please forward to anyone else who might have an interest. Each conference will be packed with information and presentations to help to tackle the most pressing housing issues facing Californians.
Visit aei.org/california-housing-conference to register
1 World Population Review
2 San Francisco Chronicle; Spectrum News
3 Zillow, "Homelessness Rises Faster Where Rent Exceeds a Third of Income."
4 California Budget & Policy Center, "California's Housing Affordability Crisis Hits Renters and Households With the Lowest Incomes the Hardest."
Media Contact Details:
Arthur Gailes
American Enterprise Institute Housing Center
Washington, DC
aei.org/california-housing-conference
Arthur.gailes@aei.org
804-662-0874
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SOURCE AMERICAN ENTERPRISE INSTITUTE FOR PUBLIC POLICY RESEARCH | https://www.wibw.com/prnewswire/2022/08/25/homelessness-is-housing-supply-issue-light-touch-density-could-be-solution-aei-study-shows/ | 2022-08-25T17:49:28Z |
WASHINGTON (AP) — Kentucky Republican Sen. Rand Paul defied leaders of both parties Thursday and single-handedly delayed until next week Senate approval of an additional $40 billion to help Ukraine and its allies withstand Russia’s three-month old invasion.
With the Senate poised to debate and vote on the package of military and economic aid, Paul denied leaders the unanimous agreement they needed to proceed. The bipartisan measure, backed by President Joe Biden, underscores U.S. determination to reinforce its support for Ukraine’s outnumbered forces.
The legislation has been approved overwhelmingly by the House and has strong bipartisan support in the Senate. Final passage is not in doubt.
Even so, Paul’s objection was an audacious departure from an overwhelming sentiment in Congress that quickly helping Ukraine was urgent, both for that nation’s prospects of withstanding Vladimir Putin’s brutal attack and for discouraging the Russian president from escalating or widening the war.
It was also a brazen rebellion against his fellow Kentucky Republican, Senate Minority Leader Mitch McConnell. McConnell began Thursday’s session by saying senators from “both sides” — meaning Republicans and Democrats — needed to “help us pass this urgent funding bill today,” gesturing emphatically as he said “today.”
Paul, a libertarian who often opposes U.S. intervention abroad, said he wanted language inserted into the bill, without a vote, that would have an inspector general scrutinize the new spending. He has a long history of demanding last-minute changes by holding up or threatening to delay bills on the brink of passage, including measures dealing with lynching, sanctioning Russia,preventing a federal shutdown,the defense budget, government surveillanceand providing health care to the Sept. 11 attack first responders.
Democrats and McConnell opposed Paul’s push and offered to have a vote on his language. Paul was likely to lose that vote and rejected the offer.
Paul, who unsuccessfully sought his party’s 2016 presidential nomination, argued that the added spending was more than the U.S. spends on many domestic programs, was comparable to Russia’s entire defense budget and would deepen federal deficits and worsen inflation. Last year’s budget deficit was almost $2.8 trillion but is likely headed downward, and the bill’s spending is less than two-tenths of 1% the size of the U.S. economy, suggesting its impact on inflation would be negligible.
“No matter how sympathetic the cause, my oath of office is to the national security of the United States of America,” Paul said. “We cannot save Ukraine by dooming the U.S. economy.”
Democrats said they were objecting to Paul’s plan because it would expand the powers of an existing inspector general whose current purview is limited to Afghanistan. That would deny Biden the chance past presidents have had to appoint the person to the post, they said.
“It’s clear from the junior senator from Kentucky’s remarks, he doesn’t want to aid Ukraine,” said Senate Majority Leader Chuck Schumer, D-N.Y., “All he will accomplish with his actions here today is to delay that aid, not to stop it.”
Underscoring their joint desire to approve the bill immediately, Schumer and McConnell stood nearly side-by-side as they tried pushing the legislation forward.
“They’re only asking for the resources they need to defend themselves against this deranged invasion,” McConnell said of the Ukrainians. “And they need this help right now.”
The House voted 368-57 on Tuesday to approve the measure. All Democrats and most Republicans backed it, though every “no” vote came from the GOP.
The bipartisan backing for Ukraine has been partly driven by accounts of Russian atrocities against Ukrainian civiliansthat have been impossible to ignore. It also reflects strategic concerns about letting Putin seize European territory unanswered as his assault on his neighbor to the west grinds into its 12th week.
“Helping Ukraine is not an instance of mere philanthropy,” McConnell said. “It bears directly on America’s national security and vital interests that Russia’s naked aggression not succeed and carries significant costs.”
Biden administration officials have said they expect the latest aid measure to suffice through September. But with Ukraine taking heavy military and civilian losses and no sign of when the fighting might end, Congress will ultimately face decisions about how much more aid to provide at a time of huge U.S. budget deficits and a risk of recession that could demand added spending at home.
The latest bill, when added to the $13.6 billion Congress approved in March, would push American aid to the region well above $50 billion. For perspective, that would total $6 billion more than the U.S. spent on military and economic aid around the world in 2019, according to the nonpartisan Congressional Research Service.
The push toward passage came as Russia continued blasting Ukrainian forces and cities in southern and eastern portions of the country. Reflecting international concerns prompted by the assault, Finland’s leaders announced their support for joining NATOand Sweden seemed not far behind.
Biden asked Congress for $33 billion two weeks ago. It didn’t take lawmakers long to add $3.4 billion to his requests for both military and humanitarian programs.
The measure includes $6 billion for Ukraine for intelligence, equipment and training for its forces, plus $4 billion in financing to help Kyiv and NATO allies build up their militaries.
There’s $8.7 billion for the Pentagon to rebuild stocks of weapons it has shipped to Ukraine and $3.9 billion for U.S. troops in the region.
The measure also includes $8.8 billion to keep the Kyiv government functioning, more than $5 billion to provide food to countries around the world that rely on Ukrainian crops devastated by the fighting and $900 million to teach English and provide other services to Ukrainian refugees who have moved to the United States.
The biggest hurdle to rapid approval of the assistance was cleared this week when Biden and Democrats dropped their demand to include billions more in the measure to bolster U.S. efforts to counter the coronavirus pandemic.
Republicans want separate COVID-19 legislation to be a battleground for an election-season fight over immigration that divides Democrats. | https://cw33.com/news/politics/ap-politics/senate-leaders-push-for-quick-ok-for-fresh-40b-for-ukraine/ | 2022-05-13T11:46:01Z |
"Plain Talk Reports" identifies dangerous myths about serious medical topics.
It then presents the current evidence in an easy, quick-read or short-video format.
STAMFORD, Conn., June 17, 2022 /PRNewswire/ -- The TEDMED Foundation, owners of the independent, non-profit TEDMED conference focused on health and medicine, is today launching a free monthly online publication called "Plain Talk Reports."
Plain Talk Reports reviews current widespread, potentially "dangerous beliefs" about serious medical topics. It then compares those dangerous beliefs to the latest scientific evidence in an effort to reduce the harm that misinformation can cause to people and their communities. Each issue of The Report takes the latest publicly-available scientific evidence and synthesizes it in plain English for the average curious reader. This allows Plain Talk Reports to speak to non-experts of all ages as well as scientists, journalists and public health professionals.
Issues of the Report are built around "50 Dangerous Beliefs" starting with a monthly report on COVID-19. The Editor-in-Chief of Plain Talk Reports is former WHO official Dr. Edward Kelley, PhD. (See background on Dr. Kelley below.)
"One of the reasons we created regularly updated Plain Talk Reports," said Dr. Kelley, "was because TEDMED felt the public was being ill-served by the lack of understandable, useful reporting on the current COVID-19 research and what it means to them and their loved ones." He continued, "Science is important, and it is constantly being discovered and updated, but what people need most in a rapidly evolving crisis such as COVID is a common-sense understanding of how our current best knowledge informs the decisions they make. Our goal at Plain Talk Reports is to use neutral, jargon-free, reputable information to help people make better decisions."
All dangerous beliefs, their current evidence, and related footnotes and citations are available for free online in the full report.
No Cost Download
To download the first issue of the full Global and U.S.-centric versions of Plain Talk Reports for free, please visit www.plaintalkreports.com.
One-minute videos on each of the 50 current Dangerous COVID Beliefs and the current evidence regarding those beliefs, are also available for viewing free on YouTube.
Beginning this fall, Plain Talk Reports will begin to launch, dedicated to other medical topics such as Long COVID, heart disease, cancer, immune system disorders, obesity, and others. In addition, premium content for both general readers as well as experts will be available in the coming months. This premium content will take a deeper look into each dangerous belief, including its history and how the evidence related to it has evolved.
All Plain Talk Reports content is vetted by a publicly named team of non-commercial expert reviewers. Dr. Kelley, the Editor in Chief, has spent his career in public health, most recently serving as Director of Integrated Health Services at the World Health Organization, where he also led the WHO's strategy on digital health. Before that, Dr. Kelley served as Director of U.S. National Healthcare Reports at the U.S. Department of Health and Human Services. Among his many current roles, he serves as Executive Director of the ApiJect Global Initiative.
Plain Talk Reports has no commercial or political agenda. Its mission is to make good science understandable and easily accessible to more people and to enhance the public's awareness with the TEDMED Conference and its mission. For additional information, contact info@plaintalkreports.com. You can follow Plain Talk Reports on Twitter @plaintalkreports.
Content from in-house projects such as Plain Talk Reports help inform programming for future TEDMED conferences.
About TEDMED
For more than 20 years, TEDMED talks have appeared on TED.com and TEDMED.com, garnering tens of millions of views globally. TEDMED is an annual conference focusing on health and medicine, with a year-round web-based community. TEDMED is an independent event operating under license from the nonprofit TED conference.
Contact: Kate Scott at info@plaintalkreports.com
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SOURCE The TEDMED Foundation | https://www.mysuncoast.com/prnewswire/2022/06/17/tedmed-launches-plain-talk-reports-free-online-monthly-publication-serving-public-health/ | 2022-06-17T14:42:14Z |
Lead oncology program candidate SG-3-06686 shows potential to become first in class CXCR3 immune activator
BRISBANE, Calif., April 8, 2022 /PRNewswire/ -- Second Genome, a biotechnology company that leverages its proprietary platform to discover and develop precision therapies and biomarkers, presented data demonstrating the Company's CXCR3 chemokine receptor modulator, SG-3-06686 (referred to as SG-3-00802DC in the AACR presentation), enhances effector T cell migration to improve the immune system's activity against tumors, and showed anti-tumor activity in preclinical models as a monotherapy and in combination with anti-Programmed Death Protein-1 (PD-1) treatment. The data is being presented at the American Association for Cancer Research (AACR) Annual Meeting, held April 8–13 virtually and in New Orleans, Louisiana.
"We are excited about our pre-clinical data that show the ability of this potential mechanism to go beyond checkpoint blockade as an emerging new immunologic strategy for treating cancers. Checkpoint inhibitor therapy has been transformative for the clinical outcome of cancer patients and additional new checkpoint targets, such as TIGIT/LAG3, continue to be added to this important treatment approach. However, if the proper immune cells are underrepresented or lacking in the tumor microenvironment, these interventions tend to be less effective, and a significant portion of patients have limited or transient benefit. To augment and improve anti-tumor efficacy, we need to develop new therapeutics to better facilitate the ability of effector cells to access the tumor microenvironment. CXCR3 pathway modulation is a well validated and exciting approach to potentially enhance effector cell recruitment and improve existing immunotherapy interventions," said Joe Dal Porto, Ph.D., Chief Scientific Officer of Second Genome. "We look forward to submitting an investigational new drug (IND) application for SG-3-06686, a potential first in class CXCR3 immune modulator, in early 2023."
This data presentation can be accessed during the online-only poster session at the AACR. The information is provided below:
Session Category: Clinical Research Excluding Trials
Session Title: Immuno-oncology
Abstract Number: 6349
Title: Targeting the CXCR3 pathway with a novel peptide drug candidate mobilizes the
immune system to enhance anti-tumor immunity
SG-3-06686 is a potent CXCR3 chemokine receptor engager that acts as a positive allosteric modulator to increase receptor activity to the three known ligands (CXCL9/10/11). It has demonstrated to increase the activity of CXCL11 on CXCR3 activation by greater than 10-fold from a nM to a pM range with similar effects on CXCL9 and CXCL10. This activity in turn drives strong antitumor activity in several preclinical cancer models.
The poster (#6349) entitled, "Targeting the CXCR3 pathway with a novel peptide drug candidate mobilizes the immune system to enhance anti-tumor immunity," will be available for on-demand viewing on the AACR website and will also be made available on the Company's website at https://www.secondgenome.com/events/.
About Second Genome
Second Genome is a biotechnology company that leverages its proprietary technology-enabled platform to discover and develop transformational precision therapies based on novel microbial genetic insights. We built a proprietary drug discovery platform with machine-learning analytics, customized protein engineering techniques, phage library screening, mass spec analysis and CRISPR, that we couple with traditional drug development approaches to progress the development of precision therapies for wide-ranging diseases. Second Genome is advancing lead programs in IBD and cancer into IND-enabling studies. We also collaborate with industry, academic and governmental partners to leverage our platform and data science capabilities. We hold a strategic collaboration with Gilead Sciences, Inc., utilizing our proprietary platform and comprehensive data sets to identify novel biomarkers associated with clinical response to Gilead's investigational medicines. We also hold a strategic collaboration with Pfizer (formerly Arena Pharmaceuticals) to identify microbiome biomarkers associated with clinical response for their lead program in gastroenterology, etrasimod. For more information, please visit www.secondgenome.com.
Investor Contact:
Argot Partners
212-600-1902
secondgenome@argotpartners.com
Media Contact:
Argot Partners
212-600-1902
secondgenome@argotpartners.com
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SOURCE Second Genome | https://www.kxii.com/prnewswire/2022/04/08/second-genome-presents-new-preclinical-data-aacr-2022-demonstrating-that-sg-3-06686-cxcr3-chemokine-receptor-modulator-induces-migration-immune-effector-cells-inhibits-tumor-growth-monotherapy-boosts-anti-programmed-death-protein-1-pd-1-activity/ | 2022-04-08T18:01:38Z |
Fine Becomes 19th President in School's 138-Year History
DELAFIELD, Wis., May 23, 2022 /PRNewswire/ -- St. John's Northwestern Academies (SJNA) announced that its Board of Trustees has elected Robert J. Fine, Jr., to become the 19th President of the Academies effective July 1, 2022. Mr. Fine was also appointed to the Board of Trustees.
Mr. Fine was President of Admiral Farragut Academy in Florida, where he served in various capacities over the course of a very successful 32-year tenure, including 23 years as President until retiring in 2021. He is a native of Southern Wisconsin and graduated from Carroll College in Waukesha, and he holds a Masters of Education from National Louis University. Mr. Fine has also served on numerous education-related public and private boards.
"When the Academies conducted a nation-wide search for President three years ago, Bob Fine was our number one choice but could not accept due to personal commitments that have now been fulfilled. I could not be more thrilled that Bob is now able to serve as our President," said Mike Henn, Chair of the Board of Trustees. "He is a highly successful education professional who has the proven skill and experience to lead the Academies to long-term success."
Mr. Fine succeeds Major General Paul E. Lima as President, who has decided to retire effective June 30, 2022, to pursue personal interests and potential government consulting opportunities. President Lima served the Academies for the past 18 months, achieving many important goals. These achievements include crafting the Academies' 2021 Strategic Plan, increasing enrollment, reducing excess costs, and introducing important advances in the academic curriculum. "On behalf of the Board of Trustees and all of the constituents of our Academy, we extend our deepest thanks to President Lima and his wife Maria Elena for their very substantial contributions, and we wish them a long and rewarding retirement," said Chair Henn. "We are also very thankful that President Lima wishes to stay on in a temporary transitional role."
Beginning July 1, 2022, MG Lima will continue in a 90-day consulting capacity to the Academies, assisting President Fine's transition and supporting enrollment efforts for the 2022-2023 academic year. "I want to do all that I can to position the transition of the Academies for success under Bob Fine's leadership," said President Lima.
"I am energized and excited to be selected to serve as the next President of St. John's Northwestern. I intend to fully honor the Academies' 138 years of rich tradition as it continues to evolve and stay relevant to the needs of today's students and parents. I am also deeply thankful that President Lima and his predecessors have created a tremendous foundation upon which to assure the Academies reach even greater levels of success," said Bob Fine.
Founded in 1884, St. John's Northwestern Academies develops young men and women inspired to become responsible citizens and moral and ethical leaders for the global community through excellence in Academics, Leadership Skills, Spiritual and Character Development, and well-being through Athletic Activities and Healthy Life Habits. For more information, visit www.sjnacademies.org.
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SOURCE St. John's Northwestern Academies | https://www.mysuncoast.com/prnewswire/2022/05/23/robert-j-fine-jr-named-president-st-johns-northwestern-academies/ | 2022-05-23T23:00:15Z |
BOSTON, Aug. 10, 2022 /PRNewswire/ -- Keytos starts BlackHat 2022 with the exciting announcement of the launch of EZSmartCard . EZSmartCard is a security product that helps organizations to meet the strict identity requirements of the US Government Executive Order 14028 by enabling passwordless onboarding and creation of cryptographic smartcards.
Keytos specializes in cryptographic solutions that enable companies to save on IT spend while increasing security by enabling them to go passwordless. EZSmartCard expands the Keytos toolset by solving one of the most challenging and most expensive identity problems: seamless and secure user onboarding. Keytos unique technology removes the need for temporary passwords and improves security by having multi-factor authentication since the first authentication.
"EZSmartCard addresses the missing piece to truly passwordless authentication. I believe that this amazing tool complimenting Microsoft's unphishable credentials will drastically reduce the #1 cause of security breaches: stolen credentials." Igal Flegmann, Co-Founder & CEO, Keytos.
Keytos is a Boston-based cybersecurity startup with the ambitious goal of making the world truly passwordless by creating easy to use cryptography-based tools. Since its beginning Keytos has been hard at work to achieve this goal. Starting with their first tools EZSSH and EZGIT which centralized and addressed the hard problem of decentralized never expiring SSH Keys by seamlessly creating short term SSH certificates. To solving SSL certificate management by creating EZMonitor a monitoring tool that gives organizations full visibility into their SSL health and EZCA a cloud-based certificate authority that allows organizations to easily create and automatically manage SSL certificates. This new tool enables Keytos to get closer to their goal by helping organizations secure their most vulnerable identity: their user identity.
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SOURCE Keytos LLC | https://www.wibw.com/prnewswire/2022/08/10/keytos-announces-launch-ezsmartcard-helping-organizations-go-passwordless/ | 2022-08-10T17:52:30Z |
Businesses are changing and doing more than just profit seeking. Bcorps certification recognizes businesses, like Walker Miller Energy Solutions, that are making the change to become forces for good.
DETROIT, June 6, 2022 /PRNewswire/ -- On June 9th, People First Economy and Walker Miller Energy Solutions, in partnership with the SMSBF, are hosting a day of collaboration and celebration. Walker Miller Energy Solutions recently received its BCorps certification, making it Michigan's first Black and woman owned BCorps. Business leaders and others interested in learning how companies are using business as a force for good are invited to participate in two extraordinary events.
Recent coverage of Michigan's BCorp certified business community (now 26 companies across the state from various sectors and regions) states that according to a Yale Center for Business and the Environment study, BCorp certified companies are 63% more likely to survive an economic recession as compared to companies not certified or not prioritizing responsible business practices (source).
"As thought leaders in clean energy equity, certified B Corp status is a reflection of our commitment to help lead the charge within Michigan and across the U.S. as we build businesses that are stewards of all people, our communities and the planet," says Carla Walker-Miller, Founder and CEO of Walker-Miller Energy Services. "We don't have to choose between a business culture that values people or generates profit. We can do both."
She goes on to state, "As we transition to a low carbon reality, our goal is to ensure historically excluded communities participate fully in the benefits of this transformation, including having clean energy jobs, creating and expanding businesses, and thriving in cleaner indoor and outdoor spaces. We are intentional about centering everything we do in equity."
"It is exciting to host these events alongside true industry innovators," Hanna Schulze, President of People First Economy, an economic development organization that serves as the convener of Michigan's BCorp business community, says. "The dedication and investment that is happening in the private sector to ensure a resilient economy in our state is integral in ensuring that our communities thrive. It takes a collective approach from businesses, policy makers, non-profits, governmental institutions, and others to create the lasting impact we want to see."
"SMSBF's work with People First Economy seeks to bring about fundamental change in the way Michigan's small to medium sized enterprises work together as forces for good", says Mike Shesterkin, Executive Director of SMSBF, an organization that promotes social, environmental and economic justice through business practice in SE Michigan. "It's fairly clear that the status quo is failing an overwhelming number of our citizens. If we do not fundamentally change the way in which business works, from primarily profit seeking, to the triple bottom line of people, planet and profit, things are not likely to get better any time soon."
One of the events will take place at 9:00 am on June 9th and includes a panel discussion with Walker Miller Energy Solutions. The other is a Happy Hour celebration taking place on the same day from 5:00 to 7:00 pm at J'Adore Loft in Detroit. Space is limited. Click this link to register for the panel discussion, and this link to register for the Happy Hour.
About People First Economy: People First Economy is Michigan's B Local. B Locals are place-based communities of people using business as a force for good. While B Locals are typically volunteer-led, we have the privilege of having a dedicated staff that creates connections, increases the positive impact of their B Corp community, and raises awareness of the B Corp Movement.
About Walker Miller Energy: Walker Miller Energy is a Detroit-based, Black Woman-owned energy efficiency contractor. They design and implement programs for utility companies that are seeking to provide energy savings to their customers. They are a values-driven company that strives to empower people and uplift communities and believe that energy efficiency equally addresses a social and environmental need.
The SMSBF is a nonprofit 501(c)(3) that produces relevant and timely content created to shape and advance the local, sustainable business movement. Our readers and subscribers have access to live and virtual events, workshops, webinars, newsletters, podcasts, and videos. We work with local, national, and international subject matter experts to deliver insights that lead to change. Our content helps organizations advance social, environmental, and economic justice through business in Detroit and SE Michigan: http://smsbf.org.
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SOURCE Southeast Michigan Sustainable Business Forum (SMSBF) | https://www.wibw.com/prnewswire/2022/06/06/people-first-economy-walker-miller-energy-solutions-celebrate-force-good/ | 2022-06-06T18:13:41Z |
MIAMI, June 30, 2022 /PRNewswire/ -- Mexigin®, the world's first dark spiced gin, announced they have been selected by StartEngine Capital LLC to kick off their first Regulation Crowdfunding raise today on the equity crowdfunding platform StartEngine. StartEngine was founded by Howard Marks, the co-founder of Activision and was joined by the respected businessman and Shark Tank Television judge Kevin O'Leary as StartEngine's Strategic Advisor and Investor. After being accepted onto the StartEngine platform, Mexigin, Inc. is now filed with the SEC.
Inspired by New World Latin flavors, Mexigin is small batch dark, spiced craft Gin. It is smooth tasting and combines a variety of savory all natural spices and flavors giving it a robust taste with just a little heat for a finish. Launched December 2020 by Founder/CEO Corinne Delaney, Mexigin is sustainably produced and gluten-free.
"I'm so thrilled the StartEngine team selected us as a partner on their crowd funding platform," said Delaney. "The proceeds from this first raise will give us the capital to scale production, extend distribution and implement our marketing initiatives across 45 States. We're in a great position to take Mexigin to the next level, lead the craft Gin category and grab share from the mainstream Gin market."
Mexigin is building an ecommerce platform with partner Passion Spirits scheduled to launch later this summer at Mexigin. Mexigin is distributed by Park Street in the highly competitive Florida, New Jersey, and New York markets.
Want to disrupt the craft gin market? Invest in Mexigin Spiced Gin Join us and come along for the ride. Check us out Mexigin on StartEngine!
Pam Henning
Pam@PamalotEntertainment.com
+1-917-767-5258
MEXIGINCO.COM
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SOURCE Mexigin | https://www.kxii.com/prnewswire/2022/06/30/mexigin-spiced-gin-announces-first-regulation-crowdfunding-startengine/ | 2022-06-30T12:45:27Z |
PLAINVIEW, N.Y., July 13, 2022 /PRNewswire/ -- ZBS Group LLP (ZBS) has expanded its flourishing business services segment with its acquisition of Gil Steiner Inc. effective July 1, 2022. Specializing in tax and accounting, ZBS can expand and solidify its infrastructure with this acquisition. This is the second significant acquisition for ZBS within the past 5 years.
"Assisting individuals and small businesses is our niche", says Michael Zaidman, CPA, Partner. "Everything is personal, even in business. We support your business's financial management and organization so you can personally benefit from an optimized tax strategy, organization, and peace of mind".
This acquisition, along with its robust history and organic expansion primes ZBS to continue to be an important competitor in the accounting industry for the foreseeable future. "The services we provide today are just as important as the services we plan to provide in 10 years from now" says managing partner Dov Zaidman, CPA. "Forward thinking is how we can ensure that we can continue to provide value to our clients, evolve in the competitive market, and strengthen client relationships".
For more details, please check out the ZBS webpage: www.zbscpas.com
Or contact Michael Zaidman, CPA
info@zbscpas.com
516-394-3344
ZBS Group LLP
255 Executive Dr, Ste 400
Plainview, NY 11803
Are you CPA practitioner planning for retirement?
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SOURCE ZBS Group LLP | https://www.mysuncoast.com/prnewswire/2022/07/13/zbs-group-llp-grows-small-business-advisory-services-practice-with-acquisition/ | 2022-07-13T20:43:37Z |
NEW YORK, July 1, 2022 /PRNewswire/ -- On July 1, 2022, Wheels Up Experience Inc. (NYSE: UP) made a grant to Todd Smith of 2,051,282 restricted stock units in respect of the company's Class A common stock ("RSUs"). The grant of RSUs was offered as a material inducement to Mr. Smith's hiring as Chief Financial Officer of the company. Mr. Smith, whose hiring was announced on June 23, 2022, joined the company on June 30, 2022.
The RSUs were granted by the Compensation Committee of the company's Board of Directors, outside the terms of the Wheels Up Experience Inc. 2021 Long-Term Incentive Plan, pursuant to the Wheels Up Experience Inc. 2022 Inducement Grant Plan, which was newly adopted by the company's Board of Directors. The RSUs were granted in reliance on the employment inducement exemption under the NYSE's Listed Company Manual Rule 303A.08, which requires public announcement of inducement awards. The company is issuing this press release pursuant to Rule 303A.08.
The RSUs shall generally vest and become exercisable in equal installments on each of December 30, 2022, 2023 and 2024, subject to Mr. Smith's continued employment with the company or its affiliates.
Wheels Up is the leading provider of "on demand" private aviation in the United States and one of the largest private aviation companies in the world. Powered by a growing marketplace of more than 1,500 safety-vetted and verified aircraft, Wheels Up is the only company in the industry to offer a total private aviation solution that includes a relentless focus on safety and service, with flexibility across all types of aircraft, membership programs, corporate solutions, aircraft management, whole aircraft sales and commercial travel benefits through a strategic partnership with Delta Air Lines.
The Wheels Up App enables members and customers to search, book and fly. Wheels Up Connect, Core and Business memberships provide enhancements such as flight sharing, empty-leg Hot Flights, Shuttle Flights, Shared Flights, signature Wheels Up Down events and exclusive member benefits from preeminent lifestyle brands. Wheels Up's ongoing Wheels Up Cares program aligns with philanthropic organizations and initiatives that affect and matter to the company and its customers, members, stakeholders, families and friends. The Wheels Up Cares fleet comprises five custom-painted Beechcraft King Air 350i aircraft, with each plane serving as a flying symbol for a specific social cause.
To learn more about Wheels Up, go to Wheelsup.com.
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SOURCE Wheels Up | https://www.mysuncoast.com/prnewswire/2022/07/01/wheels-up-announces-inducement-grant-under-new-york-stock-exchange-rule-303a08/ | 2022-07-01T21:01:02Z |
Company Provides NICU Nurses With Educational Resources to Help Premature Infants Grow and Thrive
DUARTE, Calif., Sept. 12, 2022 /PRNewswire/ -- Prolacta Bioscience®, the world's leading hospital provider of 100% human milk-based nutritional products for critically ill, premature infants, is celebrating National Neonatal Nurse's Week and NICU Awareness Month by recognizing the dedication of the neonatal intensive care unit (NICU) nurses who work tirelessly to care for the most fragile patients: premature infants.
"NICU nurses work around the clock year-round to provide the best care to the tiniest, most vulnerable patients in the hospital," said Melinda Elliott, MD, chief medical officer at Prolacta. "We celebrate NICU nurses every day, but especially this month, and thank them for helping premature infants grow and thrive with an Exclusive Human Milk Diet including Prolacta's 100% human milk-based fortifiers."
Established by the National Association of Neonatal Nurses (NANN) two decades ago, Neonatal Nurses Week 2022 is observed September 12-18 to celebrate the nurses who care for the medically fragile babies in the NICU. The week falls during NICU Awareness Month, which honors families with infants experiencing a stay in the NICU and the health professionals who care for them.
Throughout Neonatal Nurses Week, Prolacta is recognizing NICU nurses with free educational offerings, such as CE-credited webinars to support the growth and health of premature infants in their care. NICU nurses are encouraged to sign up for the educational resources, latest updates on human milk science, and a word jumble contest at https://page.prolacta.com/nicu-nurse-week-word-jumble. Each day, Prolacta will provide a new resource to support NICU nurses in meeting the health and nutritional needs of premature infants.
"All of us at Prolacta recognize and honor the critical role that NICU nurses play in caring for critically ill, premature infants," said Scott Elster, Prolacta's chief executive officer. "We are grateful for and inspired by their commitment to ensuring these infants receive the highest standard of care possible to give them the best chance at a bright and healthy future."
The major difference between cow milk-based and human milk-based products is the composition — notably, the bioactive components that are unique to human milk. These include immunoglobulins, lactoferrin, milk fat globule membrane, and the wide spectrum of prebiotics known as human milk oligosaccharides (HMOs), which are not easily manufactured and thus are greatly decreased or missing from cow milk-based nutritional products.1 Bioactivity is thought to support infants' immunity, development, growth, and long-term health.2
Prolacta's 100% human milk-based nutritional products have the highest bioactivity in the human milk industry.3 Prolacta's nutritional products are vat pasteurized using profiles defined by the U.S. Food and Drug Administration (FDA) to ensure pathogen inactivation and the highest level of safety while retaining as much of the natural bioactivity of the milk as possible.3 Prolacta's vat pasteurized products retain higher bioactivity than products processed using other methods, including retort sterilization and ultra-high-temperature (UHT) processing.4,5
Prolacta Bioscience® is a privately held, global life sciences company dedicated to Advancing the Science of Human Milk® to improve the health of critically ill, premature infants. Prolacta's 100% human milk-based nutritional products have been evaluated in more than 20 clinical studies published in peer-reviewed journals. More than 80,000 premature infants have benefited from Prolacta's nutritional products worldwide to date.6 Established in 1999, Prolacta is the world's leading provider of human milk-based nutritional products for hospital use and is also exploring the therapeutic potential of human milk across a wide spectrum of diseases. Prolacta maintains the industry's strictest quality and safety standards for screening, testing, and processing donor human milk. Operating the world's first pharmaceutical-grade human milk processing facilities, Prolacta uses vat pasteurization and a patented, FDA-reviewed manufacturing process to ensure pathogen inactivation while protecting the nutritional composition and bioactivity of its human milk-based products. Prolacta is a global company with headquarters in Duarte, California, and can be found online at www.prolacta.com, on Twitter, Instagram, Facebook, and LinkedIn.
Media Contact:
Loren Kosmont
Lkosmont@prolacta.com
310-721-9444
References
1 Ballard O, Morrow AL. Human milk composition: nutrients and bioactive factors. Pediatr Clin North Am. 2013;60(1):49-74. doi:10.1016/j.pcl.2012.10.002
2 Gila-Diaz A, Arribas SM, Algara A, Martín-Cabrejas MA, López de Pablo ÁL, Sáenz de Pipaón M, Ramiro-Cortijo D. A review of bioactive factors in human breastmilk: a focus on prematurity. Nutrients. 2019;11(6):1307. doi:10.3390/nu11061307
3 Internal Data.
4 Meredith-Dennis L, Xu G, Goonatilleke E, Lebrilla CB, Underwood MA, Smilowitz JT. Composition and variation of macronutrients, immune proteins, and human milk oligosaccharides in human milk from nonprofit and commercial milk banks. J Hum Lact. 2018;34(1):120-129. doi:10.1177/0890334417710635
5 Lima HK, Wagner-Gillespie M, Perrin MT, Fogleman AD. Bacteria and bioactivity in Holder pasteurized and shelf-stable human milk products. Curr Dev Nutr. 2017;1(8):e001438. doi:10.3945/cdn.117.001438
Estimated number of premature infants fed Prolacta's products from January 2007 to December 2021; data on file.
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SOURCE Prolacta Bioscience | https://www.kxii.com/prnewswire/2022/09/12/prolacta-bioscience-recognizes-nurses-caring-fragile-infants-every-day-throughout-neonatal-nurses-week-nicu-awareness-month/ | 2022-09-12T13:46:44Z |
HANGZHOU, China, June 30, 2022 /PRNewswire/ -- NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase" or the "Company"), one of China's leading internet and online game services providers, today announced that its board of directors has appointed Ms. Grace Hui Tang as a new independent director, effective as of July 1, 2022. As a result of this appointment, the Company's board of directors will consist of six members, five of whom are independent and two of whom are female.
Ms. Tang will also serve as the chairperson of the audit, compensation and nominating committees of the board as well as a member of the board's environmental, social and governance committee. With these appointments and certain other changes to such committees which are effective as of July 1, 2022, the committees will be comprised of the following independent directors:
Audit Committee: Grace Hui Tang (chair), Alice Cheng and Joseph Tong
Compensation Committee: Grace Hui Tang (chair), Alice Cheng and Joseph Tong
Nominating Committee: Grace Hui Tang (chair), Alice Cheng and Joseph Tong
Environmental, Social and Governance Committee: Alice Cheng (chair), Grace Hui Tang and Joseph Tong
Ms. Tang worked at PricewaterhouseCoopers for more than 30 years, including approximately 19 years as an audit partner in Hong Kong and Chinese mainland, until her retirement in 2020. At PricewaterhouseCoopers, Ms. Tang was responsible for the audits of numerous public and private companies in Hong Kong, Chinese mainland and other jurisdictions. Since 2009, she has also been a professor at the Guanghua School of Management of Peking University where she teaches courses on accounting and auditing for the graduate school of the accounting department and on career development. In addition, Ms. Tang serves as an independent director of Textainer Group Holdings Ltd. (NYSE: TGH), Brii Biosciences Ltd. (HKEX: 2137) and Elkem ASA (OSLO: ELK). Ms. Tang received a bachelor's degree in accounting from the University of Utah and an MBA degree from Utah State University.
"We are pleased to have Grace join our board. Her deep expertise in accounting, finance and business management, as well as her well-respected career distinguished by her commitment and diligence, make her the perfect fit for our board and our business," said Mr. William Ding, CEO and Director of NetEase. "Grace's onboarding also represents a milestone in our efforts to continue strengthening and diversifying our corporate governance. We appreciate the valuable support from each of our directors and we believe our new board team will continue to guide NetEase to grow and innovate."
About NetEase, Inc.
As a leading internet technology company based in China, NetEase, Inc. (NASDAQ: NTES and HKEX: 9999, "NetEase") provides premium online services centered around innovative and diverse content, community, communication and commerce. NetEase develops and operates some of China's most popular mobile and PC games. In more recent years, NetEase has expanded into international markets including Japan and North America. In addition to its self-developed game content, NetEase partners with other leading game developers, such as Blizzard Entertainment and Mojang AB (a Microsoft subsidiary), to operate globally renowned games in China. NetEase's other innovative service offerings include the majority-controlled subsidiaries Youdao (NYSE: DAO), China's leading technology-focused intelligent learning company, and Cloud Village (HKEX: 9899), also known as NetEase Cloud Music, China's leading online music content community, as well as Yanxuan, NetEase's private label e-commerce platform. For more information, please visit: http://ir.netease.com/.
Contact for Media and Investors:
Margaret Shi
Email: ir@service.netease.com
Tel: (+86) 571-8985-3378
Twitter: https://twitter.com/NetEase_Global
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SOURCE NetEase, Inc. | https://www.mysuncoast.com/prnewswire/2022/06/30/netease-announces-new-independent-director-changes-composition-board-committees/ | 2022-06-30T09:54:10Z |
SAN DIEGO, May 17, 2022 /PRNewswire/ -- J Carcamo & Associates and Quick Custom Intelligence ("QCI") announced that J Carcamo Associates has joined the QCI Community. The QCI Community represents thousands of active QCI users. This community collaborates to provide innovative drivers to each other and to the QCI team. QCI is dedicated to listening to priorities from the community and doing our level best to deliver these in the product.
Julia Carcamo, Casino Branding Industry Leader, said, "Marketing brands used to be about creativity. The more creative you were, the more successful you could be. Today's brands are less about fun graphics and more about connecting with customers. Brands are only as meaningful as the stories that create the connection. Data is the oxygen that keeps those stories relevant. Having the tools that allow us to take the enormous flow of data that we have access to as brand marketers and turn it into a brand story that is easy to understand and communicate as well as actionable is invaluable for both marketers and brands."
CEO of QCI, Dr. Ralph Thomas stated, "Julia is a well-known branding expert in the industry and we know she will bring many innovative ideas to help us provide enhanced value. You can visit Julia at select shows in the QCI booth."
ABOUT J Carcamo & Associates
Julia Carcamo is a casino branding expert and the author of Reel Marketing: The Art of Building a Casino Brand. As president & chief brand strategist at J Carcamo & Associates and founder of Casino Marketing Boot Camp, she aids casinos in building and maintaining engaging brands. She is also co-founder of the Hispanic marketing firm espÑOLA.
ABOUT QCI
The QCI Platform aligns player development, marketing and gaming with powerful real-time operational tools developed for the gaming and hospitality industries. QCI has installed their ground-breaking, highly configured software in over 50 casino resorts in North America and over 3,000 sites worldwide. QCI products provide tooling for gaming operators managing over $10 billion in annual gross gaming revenue, these products are built on the QCI Platform, a best-in-class on-premises, hybrid or cloud-based technology that enables fully coordinated activities across gaming or hospitality operations. This data-driven software allows for quick, informed decisions in the ever-changing world of the casino industry and assists casinos in their efforts to optimize resources and profits, manage marketing campaigns and increase customer loyalty. QCI was founded by Dr. Ralph Thomas and Mr. Andrew Cardno. Based in San Diego, QCI also has offices in Las Vegas, St. Louis, Dallas & Phoenix. Main phone number: (858) 299.5715 www.QuickCustomIntelligence.com
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SOURCE Quick Custom Intelligence | https://www.kxii.com/prnewswire/2022/05/17/industry-branding-leader-julia-carcamo-thrilled-be-part-quick-custom-intelligence-community/ | 2022-05-17T19:25:44Z |
As Bell County residents receive their property appraisals this year, a spike in taxable value is clear.
Data from the Tax Appraisal District of Bell County shows large increases in preliminary taxable value estimates for the county’s taxing entities this year.
Some increases have been huge — such as Moody Independent School District expecting taxable value to increase by 38.91% compared to the certified taxable values from 2021. Taxable value in the district went up from $61,914,072 in 2021 to a preliminary $86,005,119 in 2022.
Chief Appraiser Billy White said valuations in the county are just a reflection of local market conditions.
“Basically, our job is to mirror what is going on in the real estate market,” White said. “The market has just been tremendous this past year, in regards to what is going on with supply. That low amount of supply, and high demand, has pushed the prices up and our job is to value them at what we think their market value is as of Jan. 1.”
Many taxing entities in the county have seen preliminary taxable values increase by between 15% and 25%.
Taxable values for properties in Bell County have increased by 19.61%, from more than $24.41 billion in 2021 to a preliminary estimate of $29.2 billion in 2022.
Local school districts also saw large increases in taxable values as Belton ISD saw an increase of 24.37%. Values rose from $4.78 billion in 2021 to $5.94 billion in 2022.
The increase of taxable values in Temple ISD was more in line with other entities in the county — growing by 17.45%. Values in the district grew from $5.08 billion last year to a preliminary $5.96 billion this year.
Bobby Ott, superintendent for Temple ISD, said the increase in taxable values don’t affect school districts as much.
“An increase in home values does not generate more money for school districts, so there is no effect on planning processes,” Ott said. “When local values increase, the state provides less funding for public schools because we are all equalized.”
Surprising numbers
The sharp increase in property values in the county surprised city staff.
City of Temple staffers were shocked that preliminary property values increased by 18.91%, from more than $6.63 billion in 2021 to more than $7.89 billion this year.
Kiara Nowlin, spokeswoman for the city, said Temple has planned and will continue to plan only for increases of between 10% and 12% for the next few years.
“With the number of residential building permits issued reaching record highs the past couple of years, coupled with record low months of inventory for housing stock, we were expecting total assessed values to increase from (between) 8% and 12%,” Nowlin said.
“However, we were not anticipating an increase of 18.9% as released with the preliminary values,” she said. “The 18.9% increase in value includes ‘new value’ added to the roll and increase in appraised values for existing properties.”
Belton saw a similar increase in taxable value, which rose from more than $1.54 billion in 2021 to more than $1.82 billion in 2022 for a difference of 18.23%.
City officials said that prior to this year, the three-year average in taxable value growth for the city was 11%.
Mike Rodgers, finance director for Belton, said various laws would mean the city’s increased taxes would not perfectly reflect the increased taxable values.
“An 18% increase would be the highest rate of growth for the city of Belton in 20 years,” Rodgers said. “The double-digit increase in property values does not mean that city revenue will grow by a similar amount. It certainly puts downward pressure on the property tax rate.”
Homestead exemptions
Officials have pointed out that even if valuations on properties do go up sharply, buildings with homestead exemptions do see a cap on payments.
This homestead cap, White said, limits the increased taxable value of a home to 10% more than what was paid the previous year. As an example, White said that even if a home valued at $200,000 doubled to $400,000, the homeowner with an exemption would only pay property taxes on an appraised value of $220,000.
White said this is something the district has tried to educate residents about before they come in to protest their appraisals this year, as about 19% of accounts have reached the cap.
“Another misconception that we have when someone comes in and appeals their valuation, and gets it changed, is they don’t understand later on why it doesn’t affect their taxes,” White said. “Especially when you have a cap on your property, when it is so large, if they don’t get it lowered below their cap value then it isn’t going to affect their assessed value at all.”
Protests
Officials said residents are able to protest their appraised values once they receive them in the mail, which should have been earlier this month.
Residents looking to protest their appraisals can visit bellcad.org and submit a formal request regarding the proposed appraised value of their property.
The protest deadline this year is May 16. | https://www.tdtnews.com/news/central_texas_news/article_b201c202-c8f3-11ec-b61f-6f42c32ba3d7.html | 2022-05-01T04:20:44Z |
SAN DIEGO (AP) — A second military aircraft may have crashed Thursday near the California desert site where a Marine helicopter went down a day earlier, killing all five people aboard, authorities said.
Naval Air Facility El Centro issued an emergency alert that said the base had received reports of a military aircraft crashing about 35 miles (56 kilometers) north of Yuma, Arizona, and said federal firefighters were heading there.
The Imperial County Fire Department confirmed it was responding to a downed aircraft near Palo Verde, which is near the site of Wednesday’s crash, KESQ-TV reported.
No other details were immediately released.
All five Marines on board an Osprey aircraft were killed when it crashed in the California desert near the Arizona border, the Marine Corps said Thursday, a day after the accident.
The MV-22 Osprey went down at 12:25 p.m. Wednesday during training in a remote area in Imperial County near the community of Glamis, about 115 miles (185 kilometers) east of San Diego and about 50 miles (80 kilometers) from Yuma, Arizona.
The aircraft was based at Camp Pendleton with Marine Aircraft Group 39 and was part of the 3rd Marine Aircraft Wing headquartered at Marine Corps Air Station Miramar in San Diego.
“We mourn the loss of our Marines in this tragic mishap,” Maj. Gen. Bradford J. Gering, commanding general of the 3rd Marine Aircraft Wing, said in a statement. “Our hearts go out to their families and friends as they cope with this tragedy.”
The statement said as a matter of policy, the Marine Corps would be contacting family members before identifying those who were killed. Efforts to recover equipment were underway and an investigation into the cause of the crash has started. No additional details were provided in the Marine Corps statement.
The Marines were participating in a routine live-fire training over their gunnery range in the Imperial Valley desert, said Marine Maj. Mason Englehart, spokesperson for the 3rd Marine Aircraft Wing.
The Osprey, a hybrid airplane and helicopter, flew in the wars in Iraq and Afghanistan but has been criticized by some as unsafe. It is designed to take off like a helicopter, rotate its propellers to a horizontal position and cruise like an airplane.
Versions of the aircraft are flown by the Marine Corps, Navy and Air Force.
Prior to Wednesday’s crash, Osprey crashes had caused 46 deaths, the Los Angeles Times reported.
Most recently, four Marines were killed when a Marine Corps Osprey crashed on March 18 near a Norwegian town in the Arctic Circle while participating in a NATO exercise. In 2017, three Marines were killed when their MV-22 Osprey crashed off Queensland, Australia. In 2015, one Marine was killed and 21 were injured when their MV-22 Osprey caught fire during a “hard landing” in Hawaii.
The Osprey is a joint project of Bell Helicopter Textron and Boeing.
Its development was marked by deadly crashes, including an April 2000 accident in Arizona that killed 19 Marines.
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Baldor reported from Washington. | https://cw33.com/news/u-s-news/ap-us-headlines/official-4-dead-1-unaccounted-for-in-marine-aircraft-crash/ | 2022-06-10T14:25:48Z |
HOUSTON, July 18, 2022 /PRNewswire/ -- Independence Contract Drilling, Inc. (the "Company") (NYSE: ICD) today announced that it will release its second quarter 2022 results before the New York Stock Exchange opens on Thursday, August 4, 2022. This release will be followed by a conference call for investors at 11:00 a.m. Central Time (12:00 p.m. Eastern Time) to discuss the Company's second quarter 2022 results.
The call can be accessed live over the telephone by dialing (855) 239-3115 or for international callers, (412) 542-4125. A replay will be available shortly after the call and can be accessed by dialing (877) 344-7529 or for international callers, (412) 317-0088. The passcode for the replay is 8212928. The replay will be available until August 11, 2022.
Interested parties may also listen to a simultaneous webcast of the conference call by logging onto the Company's website at www.icdrilling.com in the Investor Relations section. A replay of the webcast will also be available for approximately 30 days following the call.
About Independence Contract Drilling, Inc.
Independence Contract Drilling provides land-based contract drilling services for oil and natural gas producers in the United States. The Company owns and operates a fleet of pad optimal rigs that are specifically engineered and designed to accelerate its clients' production profiles and cash flows from their most technically demanding and economically impactful oil and gas properties. For more information, visit www.icdrilling.com.
Investor Contacts:
Investor Relations:
Investor.relations@icdrilling.com
(281) 598-1211
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SOURCE Independence Contract Drilling, Inc. | https://www.wibw.com/prnewswire/2022/07/18/independence-contract-drilling-inc-announces-timing-second-quarter-2022-financial-results-conference-call/ | 2022-07-18T16:20:11Z |
KYIV, Ukraine (AP) — Powerful explosions rocked a Russian air base in Crimea and sent towering clouds of smoke over the landscape Tuesday in what may mark an escalation of the war in Ukraine. At least one person was killed and several others were wounded, authorities said.
Russia’s Defense Ministry denied the Saki base on the Black Sea had been shelled and said instead that munitions had blown up there. But Ukrainian social networks were abuzz with speculation that it was hit by Ukrainian-fired long-range missiles.
Videos posted on social networks showed sunbathers fleeing a nearby beach as huge flames and pillars of smoke rose over the horizon from multiple points, accompanied by loud booms. Crimea Today News said on Telegram that witnesses reported fire on a runway and damage to nearby homes as a result of what it said were dozens of explosions.
Russia’s state news agency Tass quoted an unidentified ministry source as saying the explosions’ primary cause appeared to be a “violation of fire safety requirements.” The ministry said no warplanes were damaged.
Ukraine’s Defense Ministry said sarcastically on Facebook: “The Ministry of Defense of Ukraine cannot establish the cause of the fire, but once again recalls the rules of fire safety and the prohibition of smoking in unspecified places.”
During the war, Russia has reported numerous fires and explosions at munitions storage sites on its territory near the Ukrainian border, blaming some of them on Ukrainian strikes. Ukrainian authorities have mostly remained mum about the incidents, maintaining an ambiguous stand.
If Ukrainian forces were, in fact, responsible for the blasts, it would mark the first known major attack on a Russian military site on the Crimean Peninsula, which the Kremlin annexed in 2014. A smaller explosion last month at the headquarters of Russia’s Black Sea Fleet in the Crimean port of Sevastopol was blamed on Ukrainian saboteurs using a makeshift drone.
Russian warplanes have used the Saki base to strike areas in Ukraine’s south on short notice.
Crimea’s head Sergei Aksyonov said ambulances and medical helicopters were sent to the base and the area was sealed off within a radius of five kilometers (three miles).
One person was killed, according to the regional leader of Crimea, Sergei Aksyonov. Crimean health authorities said six people were wounded, one of whom remained hospitalized. Others were treated for cuts from shards of glass and were released.
Officials in Moscow have long warned Ukraine that any attack on Crimea would trigger massive retaliation, including strikes on “decision-making centers” in Kyiv.
Earlier Tuesday, Ukrainian officials reported at least three Ukrainian civilians were killed and 23 wounded by Russian shelling in 24 hours, including an attack not far from the Russian-occupied Zaporizhzhia nuclear power plant.
The Russians fired over 120 rockets at the town of Nikopol, across the Dnieper River from the plant, Dnipropetrovsk Gov. Valentyn Reznichenko said. Several apartment buildings and industrial sites were damaged, he said.
Ukraine and Russia have accused each other of shelling the power station, Europe’s biggest nuclear plant, stoking international fears of a catastrophe.
In his nightly video address Monday, Ukrainian President Volodymyr Zelenskyy invoked the 1986 disaster at the Chernobyl nuclear plant in Ukraine. He called for new sanctions against Russia, accusing it of risking another nuclear disaster.
“We are actively informing the world about Russian nuclear blackmail,” he said.
The Kremlin claimed that Ukraine’s military is attacking the plant and urged Western powers to force Kyiv to stop.
A Russian-installed official in the partially occupied Zaporizhzhia region said an air defense system at the plant would be reinforced in the aftermath of last week’s shelling. Evgeny Balitsky, head of the Kremlin-backed administration, told Russian state TV that power lines and other damaged portions of the plant were restored.
“The plant is operating normally but, of course, with an increased degree of security,” Balitsky said.
The Ukrainians in recent weeks have been mounting counterattacks in Russian-occupied areas of southern Ukraine while trying to hold off the Kremlin’s forces in the country’s industrial Donbas region in the east.
___
Follow AP’s coverage of the war in Ukraine at https://apnews.com/hub/russia-ukraine | https://cw33.com/news/international/ap-international/ukraine-shelling-hits-town-near-russian-held-nuclear-plant/ | 2022-08-09T18:00:24Z |
Two All England Club officials defended during a news conference Tuesday the “intensely tough and agonizing decision” to bar players from Russia and Belarus from Wimbledon this year because of the invasion of Ukraine.
Citing the club’s “responsibility to play our part in limiting the possibility of Wimbledon being used to justify the harm being done to others by the Russian regime,” Chief Executive Sally Bolton said, “we believe that this decision is the only viable option for Wimbledon.”
As much as Bolton and All England Chairman Ian Hewitt touted Wimbledon’s return to “normal” this year — a word they used repeatedly, mainly with regard to COVID-19, during a briefing about a tournament that begins June 27 — the questions and answers about the historic Russia policy dominated Tuesday’s session with the media.
Among the prominent players affected by the ban announced last week are reigning U.S. Open champion Daniil Medvedev, who recently reached No. 1 in the rankings and is currently No. 2; No. 8 Andrey Rublev; No. 4 Aryna Sabalenka, a Wimbledon semifinalist last year; Victoria Azarenka, a former No. 1 who has won the Australian Open twice; and Anastasia Pavlyuchenkova, the French Open runner-up last year. Medvedev, Rublev and Pavlyuchenkova are from Russia; Sabalenka and Azarenka are from Belarus.
After Russia attacked Ukraine in February — with help from Belarus — tennis players from Russia and Belarus were able to continue competing but as “neutral” athletes not formally representing their nations. Russia’s athletes were prevented from participating in several other sports; its national men’s soccer team, for example, was kept out of the World Cup qualifying playoffs for the tournament in Qatar later this year.
The WTA and ATP tennis tours publicly criticized the All England Club’s decision and reportedly have considered threatening to not award rankings points for Wimbledon. Bolton would not directly address that possibility, but she said there are discussions with the tours “on a day-to-day basis at this point.”
“We think they understand what a challenging position we’re in,” Hewitt said.
In outlining “the factors behind this intensely tough and agonizing decision” in what Hewitt called “an extreme and exceptional situation,” he and Bolton emphasized the role of the British government’s guidance about limiting Russia’s influence.
“We recognize that whatever decision we took, we’ll be setting a precedent,” Bolton said. “We made our judgement in the context of the scale of the response to an international war, the consequences of which reach far wider than the sport of tennis. We appreciate that this is an immensely difficult decision on which people have different views, which we respect and we understand, and we are deeply regretful of the impact that this will have on every single player who is affected.”
Asked about the possibility of allowing players from Russia or Belarus to enter Wimbledon if they submitted a written declaration distancing themselves from Russian President Vladimir Putin — as proposed by British Sports Minister Nigel Huddleston — Hewitt said: “There would still be the serious risk of participation and success of players being used to support the propaganda machine of the Russian regime. And we know that they do have a history of using sport to advance their cause. And that is a serious matter for us which we could not accept Wimbledon being part of.”
The French Open is the next Grand Slam tournament, beginning May 22, and is expected to allow athletes from Russia and Belarus to play as “neutral” participants. The U.S. Tennis Association, which runs the U.S. Open, has not made a decision about players from Russia and Belarus; that tournament starts Aug. 29.
The All England Club said fans from Russia and Belarus can attend Wimbledon, but media from those countries will not receive credentials. No decision has been made about Russian and Belarusian coaches or other support staff who work with players from other nations.
On other topics:
— Defending champion Novak Djokovic and other unvaccinated players will be allowed to compete at Wimbledon, because the British government does not require visitors to have gotten the shots.
— Restrictions on crowd size and other steps taken in 2021 when the tournament returned after being canceled in 2020 because of the pandemic will disappear. “We’re planning to return to a normal championships this year,” Bolton said, “and so we don’t intend to implement any of the COVID-19 measures that we saw last year in any substantial fashion.”
— With scheduled matches held on the tournament’s middle Sunday for the first time, Wimbledon no longer will contest all 16 women’s and men’s fourth-round singles matches on the second Monday. Those matches will be split between Sunday and Monday, while there will be a mix of women’s and men’s quarterfinals held on the second Tuesday and Wednesday, instead of just having women’s matches on Tuesday and men’s on Wednesday.
___
More AP tennis: https://apnews.com/hub/tennis and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/wimbledon-defends-agonizing-decision-to-ban-russians/ | 2022-04-27T13:46:51Z |
- SOD1-ALS is a rare genetic form of ALS that affects approximately 330 people in the U.S., it is progressive, leads to the loss of everyday functions and is uniformly fatal
- If approved, tofersen would be the first treatment to target a genetic cause of ALS
- 12-month data included in the filing show that earlier initiation of tofersen slowed decline across measures of clinical and respiratory function, strength, and quality of life; tofersen also led to robust and sustained reductions in neurofilament, a marker of neurodegeneration
CARLSBAD, Calif., July 26, 2022 /PRNewswire/ -- Ionis Pharmaceuticals (Nasdaq: IONS) today announced that the U.S. Food and Drug Administration (FDA) has accepted a New Drug Application (NDA) for tofersen, an investigational antisense medicine for the treatment of superoxide dismutase 1 amyotrophic lateral sclerosis (SOD1-ALS). The NDA was submitted by Biogen, which licensed tofersen from Ionis in 2018. The application has been granted priority review and given a Prescription Drug User Fee Act action date of Jan. 25, 2023. The FDA has noted that it is currently planning to hold an Advisory Committee meeting for this application. The average life expectancy for people with ALS is three to five years from time of symptom onset; patients with some SOD1 mutations have an even shorter life expectancy. There is currently no treatment targeted for SOD1-ALS.
"Acceptance of the new drug application for tofersen is a monumental milestone, not just for Ionis but for all people with SOD1-ALS, their families and healthcare professionals battling this devastating disease. To them we extend our deepest gratitude. Their courage has been instrumental to the achievement of this goal," said C. Frank Bennett, Ph.D., executive vice president, chief scientific officer and franchise leader for neurological programs at Ionis. "We also want to thank Biogen for their commitment to advancing tofersen, which, if approved, will be the first treatment that targets a genetic cause of ALS." Dr. Bennett added, "Acceptance of the NDA for tofersen further strengthens Ionis' platform strategy to target all forms of ALS and central nervous system disorders more broadly."
Biogen is seeking approval of tofersen under the FDA's accelerated approval pathway, based on the use of neurofilament as a surrogate biomarker that is reasonably likely to predict clinical benefit. Neurofilaments are normal proteins found in healthy neurons, that are increased in blood and cerebrospinal fluid when damage has been done to neurons or their axons and are a marker of neurodegeneration. In ALS, higher levels of neurofilaments have been found to predict more rapid decline in clinical function and shortened survival. Tofersen study results suggest reductions in neurofilament preceded and predicted slowing of decline in measures of clinical and respiratory function, strength and quality of life. Biogen has stated its commitment to ongoing data generation and finalizing the confirmatory package with the FDA.
The tofersen NDA included results from a Phase 1 study in healthy volunteers, a Phase 1/2 study evaluating ascending dose levels, the Phase 3 VALOR study, and the open label extension (OLE) study. Also included are the most current 12-month integrated results from VALOR and the OLE study, recently presented at the European Network to Cure ALS (ENCALS) annual meeting.
As reported in October 2021, VALOR, a six-month Phase 3 randomized study, did not meet the primary endpoint of change from baseline to week 28 in the Revised Amyotrophic Lateral Sclerosis Functional Rating Scale. However, trends of reduced disease progression across multiple secondary and exploratory endpoints were observed. The 12-month VALOR and OLE integrated data showed that earlier initiation of tofersen led to sustained reductions in neurofilament, a marker of neurodegeneration, and slowed decline across multiple efficacy endpoints.
In the 12-month data, the most common adverse events (AEs) in participants receiving tofersen in VALOR and the OLE study were headache, procedural pain, fall, back pain and pain in extremities. Most AEs in both VALOR and the OLE were mild to moderate in severity. Serious AEs were reported in 36.5 percent of participants who received tofersen in VALOR and/or the OLE and 17.3 percent of participants discontinued treatment due to an AE.
During the FDA review period Biogen will maintain its early access program for tofersen, now with participants in over a dozen countries. The open-label extension and Phase 3 ATLAS study in presymptomatic individuals with a SOD1 genetic mutation remain ongoing. Biogen is actively engaging with other regulators around the world and will provide updates when appropriate.
About Tofersen
Tofersen is an antisense medicine being evaluated for the potential treatment of SOD1-ALS. Tofersen binds to SOD1 mRNA, allowing for its degradation by RNase-H in an effort to reduce synthesis of SOD1 protein production. In addition to the ongoing open label extension of VALOR, tofersen is being studied in the Phase 3 ATLAS study designed to evaluate whether tofersen can delay clinical onset when initiated in presymptomatic individuals with a SOD1 genetic mutation and biomarker evidence of disease activity. Biogen licensed tofersen from Ionis under a collaborative development and license agreement.
About Amyotrophic Lateral Sclerosis and SOD1-ALS
Amyotrophic lateral sclerosis (ALS) is a rare, progressive and fatal neurodegenerative disease that results in the loss of motor neurons in the brain and the spinal cord that are responsible for controlling voluntary muscle movement. People with ALS experience muscle weakness and atrophy, causing them to lose independence as they steadily lose the ability to move, speak, eat, and eventually breathe. Average life expectancy for people with ALS is three to five years from time of symptom onset. Patients with some SOD1 mutations have an even shorter life expectancy.
Multiple genes have been implicated in ALS. Genetic testing helps determine if a person's ALS is associated with a genetic mutation, even in individuals without a family history of the disease. Currently, there are no genetically targeted treatment options for ALS. Mutations in the SOD1 gene are responsible for approximately 2 percent of the estimated 168,000 people who have ALS globally (SOD1-ALS).
About Ionis Pharmaceuticals, Inc.
For more than 30 years, Ionis has been the leader in RNA-targeted therapy, pioneering new markets and changing standards of care with its novel antisense technology. Ionis currently has three marketed medicines and a premier late-stage pipeline highlighted by industry-leading cardiovascular and neurological franchises. Our scientific innovation began and continues with the knowledge that sick people depend on us, which fuels our vision of becoming a leading, fully integrated biotechnology company.
To learn more about Ionis visit www.ionispharma.com and follow us on Twitter @ionispharma.
Ionis' Forward-looking Statements
This press release includes forward-looking statements regarding Ionis' business and the therapeutic and commercial potential of Ionis' technologies, tofersen and other products in development. Any statement describing Ionis' goals, expectations, financial or other projections, intentions or beliefs is a forward-looking statement and should be considered an at-risk statement. Such statements are subject to certain risks and uncertainties, including those related to the impact COVID-19 could have on our business, and including but not limited to, those related to our commercial products and the medicines in our pipeline, and particularly those inherent in the process of discovering, developing and commercializing medicines that are safe and effective for use as human therapeutics, and in the endeavor of building a business around such medicines. Ionis' forward-looking statements also involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements.
Although Ionis' forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by Ionis. As a result, you are cautioned not to rely on these forward-looking statements. These and other risks concerning Ionis' programs are described in additional detail in Ionis' annual report on Form 10-K for the year ended Dec. 31, 2021, and the most recent Form 10-Q quarterly filing, which are on file with the Securities and Exchange Commission. Copies of these and other documents are available from the Company.
In this press release, unless the context requires otherwise, "Ionis," "Company," "we," "our," and "us" refers to Ionis Pharmaceuticals and its subsidiaries.
Ionis Pharmaceuticals® is a trademark of Ionis Pharmaceuticals, Inc.
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SOURCE Ionis Pharmaceuticals, Inc. | https://www.kxii.com/prnewswire/2022/07/26/ionis-announces-that-fda-accepts-new-drug-application-grants-priority-review-tofersen-rare-genetic-form-als/ | 2022-07-26T12:20:46Z |
WHO: COVID-19 deaths fall overall by 9%, infections stable
LONDON (AP) — The number of coronavirus deaths fell by 9% in the last week while new cases remained relatively stable, according to the latest weekly pandemic report released by the World Health Organization Wednesday.
The U.N. health agency said there were more than 14,000 COVID-19 deaths in the last week and nearly 7 million new infections. The Western Pacific reported a 30% jump in cases while Africa reported a 46% drop. Cases also fell by more than 20% in the Americas and the Middle East.
The number of new deaths rose by 19% in the Middle East, while dropping by more than 70% in Africa, 15% in Europe and 10% in the Americas.
The WHO said that the omicron subvariant BA.5 remains dominant globally, accounting for nearly 70% of all virus sequences shared with the world’s biggest publicly available virus database. The agency said other omicron subvariants, including BA.4 and BA.2, appear to be decreasing in prevalence as BA.5 takes over.
The WHO cautioned that its assessment of COVID-19 trends remains compromised by countries dropping many of their testing, surveillance and sequencing efforts as most countries have relaxed pandemic controls.
Still, Chinese authorities have announced new restrictions this week, after finding COVID-19 cases in the tourist island of Hainan and in Tibet. Earlier this week, the Chinese government shut down Lhasa’s Potala Palace, the traditional home of the Dalai Lama, and also locked down Haikou, the capital of Hainan, in addition to several other cities including the beach resort Sanya.
About 80,000 tourists were stranded this week in Sanya after Chinese officials declared it a COVID-19 hot spot and required people to test negative five times within a week before being allowed to leave.
On Tuesday, the Chinese government sent a first planeload of 125 tourists out of Sanya and said other flights would be organized to fly out tourists in batches once they fulfilled the criteria to leave.
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Follow AP’s coverage of the pandemic at https://apnews.com/hub/coronavirus-pandemic
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/08/10/who-covid-19-deaths-fall-overall-by-9-infections-stable/ | 2022-08-10T17:49:51Z |
- InPedILD Phase III trial showed encouraging results for both primary endpoints. Full data were published in the European Respiratory Journal and presented at the European Respiratory Society International Congress in Barcelona, Spain
- If approved, nintedanib would become the first approved treatment for pediatric patients with fibrosing interstitial lung disease, addressing a high unmet need
- Findings supplement the long-term and established clinical efficacy of nintedanib in adults, supporting Boehringer Ingelheim's leadership in pulmonary fibrosis and determination to transform lives for generations
RIDGEFIELD, Conn. and INGELHEIM, Germany, Sept. 5, 2022 /PRNewswire/ -- Today, Boehringer Ingelheim announced Phase III data from the InPedILD trial, which assessed the pharmacokinetics (dosing) and safety profile of nintedanib (OFEV®) in children and adolescents between 6 and 17 years old with clinically significant fibrosing interstitial lung disease (ILD). The trial showed encouraging data for both primary endpoints and results were published in the European Respiratory Journal (ERJ) and presented at the European Respiratory Society (ERS) International Congress in Barcelona, Spain.
"Based on the nintedanib mode of action, preclinical evidence and the clinical benefit in adults, there was a compelling rationale for examining its effect in children living with interstitial lung disease," said the coordinating investigator, Prof. Robin Deterding, M.D., Director of the Breathing Institute, Children's Hospital Colorado. "This trial supports its potential use as a treatment with an acceptable safety profile for children and adolescents, for whom no approved evidence-based therapies exist."
The InPedILD results showed that the weight-based dosing regimen of nintedanib in children and adolescents with fibrosing ILD resulted in comparable exposure to that observed in adult patients with fibrosing ILD. In addition, nintedanib had an acceptable safety and tolerability profile with no new safety signals observed when compared to adult patients with idiopathic pulmonary fibrosis (IPF), other progressive fibrosing interstitial lung disease (PF-ILD), and systemic sclerosis-associated interstitial lung disease (SSc-ILD). Based on these findings, regulatory applications will be submitted to the European Medicines Agency and U.S. Food and Drug Administration.
"While childhood interstitial lung diseases are very rare, their impact on children, teenagers and their loved ones can be devastating," said Dr. Susanne Stowasser, Associate Head of Medicine Pulmonology at Boehringer Ingelheim. "The findings from InPedILD help meet the urgent need for well-characterized therapies for these children and adolescents living with ILD. These data further support Boehringer Ingelheim's ongoing commitment to address unmet needs and advance research for people across all generations living with pulmonary fibrosis."
Childhood interstitial lung disease (chILD) includes more than 200 rare disorders with debilitating symptoms that can include cough, difficulty breathing and rapid breathing. Its exact prevalence is unknown, but it can be considered very rare with a reported incidence ranging from 1.5 to 3.8 per million. Pulmonary fibrosis within chILD is even less frequent, with no known global prevalence estimates, and no international studies prior to InPedILD. chILD is associated with significant mortality and morbidity. When their condition deteriorates, many pediatric patients will need oxygen to go about their daily lives and require lung transplants. There are no established diagnostic criteria and few management guidelines. The current standard of care involves off-label use of treatments including steroids and steroid-sparing immunosuppressants, which have known adverse events and limited evidence for their use.
- InPedILD (NCT04093024) is a Phase III double-blind, randomized, placebo-controlled trial assessing dose exposure and safety of nintedanib on top of standard of care for 24 weeks, followed by open-label treatment with nintedanib of variable duration in children and adolescents aged 6-17 years with clinically significant fibrosing ILD. It is one of the first randomized controlled clinical trials focused on childhood interstitial lung diseases.
- The pharmacokinetic results demonstrated that the exposure to nintedanib in children was within the variability of that observed in adults treated with the approved dose, supporting the use of a weight-based dosing regimen in the pediatric population.
- The safety endpoint was based on the proportion of patients with treatment-emergent adverse events at Week 24. As in adults, the most common adverse event associated with nintedanib in the InPedILD trial was diarrhea. All reported diarrhea adverse effects could be resolved without premature discontinuation of trial medication.
OFEV is already approved in the U.S. and more than 80 countries for the treatment of patients living with IPF. In September 2019, OFEV was approved in the U.S. to slow the rate of decline in pulmonary function in patients with SSc-ILD, and then in March 2020 to treat patients with chronic fibrosing ILDs with a progressive phenotype.
What is OFEV?
- OFEV is a prescription medicine used:
- It is not known if OFEV is safe and effective in children.
What is the most important information I should know about OFEV?
OFEV can cause harm, birth defects, or death to an unborn baby. Women should not become pregnant while taking OFEV. Women who are able to become pregnant should have a pregnancy test before starting treatment and should use highly effective birth control at the start of treatment, during treatment, and for at least 3 months after your last dose. Talk with your doctor about what birth control method is right for you during this time. Birth control pills may not work as well in women having vomiting, diarrhea, or other problems reducing the drug absorption. If you have any of these problems, talk with your doctor about what highly effective birth control method is right for you. If you become pregnant or think you are pregnant while taking OFEV, tell your doctor right away.
What should I tell my doctor before using OFEV?
Before you take OFEV, tell your doctor about all of your medical conditions, including if you have:
- liver problems.
- heart problems.
- a history of blood clots.
- a bleeding problem or a family history of a bleeding problem.
- had recent surgery in your stomach (abdominal) area.
Tell your doctor if you:
- are pregnant or plan to become pregnant.
- are breastfeeding or plan to breastfeed. It is not known if OFEV passes into your breast milk.
You should not breastfeed while taking OFEV. - are a smoker. You should stop smoking prior to taking OFEV and avoid smoking during treatment.
Tell your doctor about all the medicines you take, including prescription and over-the-counter medicines, vitamins, and herbal supplements such as St. John's wort.
What are the possible side effects of OFEV?
OFEV may cause serious side effects.
TELL YOUR DOCTOR RIGHT AWAY if you are experiencing any side effects, including:
- Liver problems. Unexplained symptoms may include yellowing of your skin or the white part of your eyes (jaundice), dark or brown (tea-colored) urine, pain on the upper right side of your stomach area (abdomen), bleeding or bruising more easily than normal, feeling tired, or loss of appetite. Your doctor will do blood tests to check how well your liver is working before starting and during your treatment with OFEV.
- Diarrhea, nausea, and vomiting. Your doctor may recommend that you drink fluids or take medicine to treat these side effects. Tell your doctor if you have these symptoms, if they do not go away, or get worse, and if you are taking over-the-counter laxatives, stool softeners, and other medicines or dietary supplements.
- Heart attack. Symptoms of a heart problem may include chest pain or pressure, pain in your arms, back, neck, or jaw, or shortness of breath.
- Stroke. Symptoms of a stroke may include numbness or weakness on one side of your body, trouble talking, headache, or dizziness.
- Bleeding problems. OFEV may increase your chances of having bleeding problems. Tell your doctor if you have unusual bleeding, bruising, wounds that do not heal, and/or if you are taking a blood thinner, including prescription blood thinners and over-the-counter aspirin.
- Tear in your stomach or intestinal wall (perforation). OFEV may increase your chances of having a tear in your stomach or intestinal wall. Tell your doctor if you have pain or swelling in your stomach area.
- Increased protein in your urine (proteinuria). OFEV may increase your chances of having protein in your urine. Tell your doctor if you have any signs and symptoms of protein in the urine such as foamy urine, swelling, including in your hands, arms, legs, or feet, or sudden weight gain.
The most common side effects of OFEV are diarrhea, nausea, stomach pain, vomiting, liver problems, decreased appetite, headache, weight loss, and high blood pressure.
These are not all the possible side effects of OFEV. For more information, ask your doctor or pharmacist. You are encouraged to report negative side effects of prescription drugs to the FDA. Visit www.fda.gov/medwatch or call 1-800-FDA-1088.
Please see full Prescribing Information, including Patient Information.
CL-OF-100056 01.18.2022
Boehringer Ingelheim is working on breakthrough therapies that improve the lives of humans and animals. As a leading research-driven biopharmaceutical company, the company creates value through innovation in areas of high unmet medical need. Founded in 1885 and family-owned ever since, Boehringer Ingelheim takes a long-term perspective. Around 52,000 employees serve more than 130 markets in the three business areas, Human Pharma, Animal Health, and Biopharmaceutical Contract Manufacturing.
Learn more at www.boehringer-ingelheim.us
Contact:
Boehringer Ingelheim Pharmaceuticals, Inc.
Name: Kerry Wycislo
Human Pharma Communications, Corporate Affairs
Phone: 203-561-2829
Email: kerry.wycislo@boehringer-ingelheim.com
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SOURCE Boehringer Ingelheim Pharmaceuticals | https://www.wibw.com/prnewswire/2022/09/05/new-data-boehringer-ingelheim-support-potential-use-nintedanib-children-adolescents-with-fibrosing-interstitial-lung-disease/ | 2022-09-05T13:56:55Z |
Fatal pedestrian vs. vehicle crash in Denison
Published: Apr. 9, 2022 at 9:30 PM CDT|Updated: 1 hour ago
DENISON, Texas (KXII) - One person is dead after a fatal crash in Denison.
According to authorities, a vehicle hit a pedestrian just after midnight on Saturday at Spur 503 and U.S. Highway 75.
Police are still investigating. Stay with KXII for the latest.
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/04/10/fatal-pedestrian-vs-vehicle-crash-denison/ | 2022-04-10T03:40:30Z |
Deputy struck, killed during car chase in Illinois
HENRY COUNTY, Ill. (KWQC/Gray News) - A man was arrested Friday after police say he fatally struck a Knox County deputy in Henry County while fleeing from police.
Daylon K. Richardson, 22, of Granite City, Illinois, is charged with two counts of murder, a Class M felony, unlawful possession of a weapon by a felon, a Class 2 felony, and aggravated fleeing and alluding, a Class 4 felony.
He is being held in the Henry County Jail without bond. A preliminary hearing is set for May 9.
“The Illinois State Police are terribly sorry to report the Deputy was killed in the line of duty,” Illinois State Police said in a media release. “We understand members of our law enforcement community and the public want answers. The investigative team will be working around the clock to get those answers and we will update everyone in the hours and days ahead.”
According to troopers, the Galesburg Police Department responded about 8 a.m. Friday to a report of a suspect with a gun at the Circle K Gas Station on Main Street in Galesburg.
Two officers attempted to make a traffic stop, but the suspect, later identified as Richardson, continued to drive north on US Highway 150.
Troopers said a Knox County Sheriff’s deputy set up spike strips at the intersection of US Highway 150 at 150 Avenue, in Henry County, where he was struck by Richardson’s car.
The car then crashed into a field north of the intersection. Galesburg police arrested Richardson after a brief foot chase, according to troopers.
The Illinois State Police Division of Criminal Investigations Zone 2 was requested to investigate the death of the Knox County Sheriff’s Office deputy.
The name of the deputy has not been released as of early Friday night.
According to troopers, Galesburg City Hall has been designated as the collection point for anyone wishing to support the Knox County Sheriff’s Office with food, flowers, or gifts.
Copyright 2022 KWQC via Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/04/29/deputy-struck-killed-during-car-chase-illinois/ | 2022-05-01T05:43:40Z |
More than $2.2 million in scholarships has been awarded to 420 students through the LP Scholarship Program
NASHVILLE, Tenn., Aug. 15, 2022 /PRNewswire/ -- LP Building Solutions (LP), a leading manufacturer of high-performance building products, today announced that it has awarded 56 college scholarships to the children of LP employees for the 2022–23 academic year.
The LP Scholarship Program recognizes and rewards the accomplishments of employees' children who excel in their studies and make positive contributions in their communities.
"The LP Scholarship Program has given me an incredible opportunity to further my post-secondary education," said first-year recipient and Northern Michigan University freshman Allison LaVarnway, daughter of LP Sagola Maintenance Superintendent Mike LaVarnway. "As a student pursuing my bachelor's degree in hopes of enrolling in veterinary school, the contribution LP is providing to my education is extremely helpful. I am beyond grateful for this scholarship program whose goal is helping students like me to realize their dreams."
Recipients are awarded up to $6,000 for four years of full-time undergraduate study or until the student has completed their academic program, whichever comes first. Twenty-two first-time recipients and 34 renewal recipients received LP scholarships for the 2022–23 academic year.
"My daughter, Emily, is a proud recipient of this scholarship," said James Edelen, resource manager at LP's Carthage, Texas facility. "She works very hard to keep her grades up all while also working 30-50 hours per week to pay for her additional costs of living and school. She is proud to receive this scholarship, and I am proud to work for a company willing to invest in the next generation of leaders."
Since 2001, LP has provided more than $2.2 million in scholarships to help more than 420 students complete their undergraduate college education.
"The people are the most vital part of any successful company," said LP Senior Vice President, Chief Human Resources and Transformation Officer, Robin Everhart. "The LP Scholarship Program for the children of our employees, as well as the Tuition Assistance Program for employees themselves, supports not only the growth and development of tomorrow's leaders but provides a real and tangible boost to the well-being of our LP families today. We are immensely proud of the work this year's scholarship recipients have done in the classroom and in their communities, and we look forward to supporting them as they continue their academic journeys."
The LP Scholarship Program is administered by Scholarship America. Submissions are evaluated based on each student's academic record, demonstrated leadership and participation in school and community activities, honors, work experience, statement of goals and aspirations, personal or family difficulties, and an outside appraisal. Financial need as calculated by Scholarship America must be demonstrated for the student to be awarded a scholarship.
To learn more about LP's giving programs, click here.
About LP Building Solutions
As a leader in high-performance building solutions, Louisiana-Pacific Corporation (LP Building Solutions, NYSE: LPX) manufactures engineered wood building products that meet the demands of builders, remodelers, and homeowners worldwide. LP's extensive offerings include innovative and dependable building products and accessories, such as Siding Solutions (LP® SmartSide® Trim & Siding, LP® SmartSide® ExpertFinish® Trim & Siding, LP BuilderSeries® Lap Siding, and LP® Outdoor Building Solutions®), LP Structural Solutions (LP® TechShield® Radiant Barrier, LP WeatherLogic® Air & Water Barrier, LP Legacy® Premium Sub-Flooring, and LP® FlameBlock® Fire-Rated Sheathing, LP NovaCore™ Thermal Insulated Sheathing, and more), LP® TopNotch® Sub-Flooring, and oriented strand board (OSB). In addition to product solutions, LP provides industry-leading customer service and warranties. Since its founding in 1972, LP has been Building a Better World™ by helping customers construct beautiful, durable homes while our shareholders build lasting value. Headquartered in Nashville, Tennessee, LP operates 22 plants across the U.S., Canada, Chile, and Brazil. For more information, visit LPCorp.com.
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SOURCE LP Building Solutions | https://www.mysuncoast.com/prnewswire/2022/08/15/lp-building-solutions-awards-more-than-50-college-scholarships-employees-children-2022-23-academic-year/ | 2022-08-15T14:31:56Z |
WASHINGTON (AP) — President Joe Biden spoke by phone Friday with the sister of Paul Whelan, an American who has been imprisoned in Russia for more than three years, according to the White House.
Biden’s phone call to Elizabeth Whelan came after Biden and Vice President Kamala Harris s poke earlier this week to the wife of WNBA star Brittney Griner, who has been held for more than four months in Russia. Griner pleaded guilty this week to drug charges. Biden also wrote a letter to Griner that was delivered to her when she appeared in a Russian court Thursday.
Elizabeth Whelan criticized the White House earlier this week, arguing the administration was not giving her brother’s case the same level of attention as Griner’s detention.
The White House said in a statement that Biden, in Friday’s call, “reaffirmed that he is committed to bringing Paul home as soon as possible, and the U.S. government will continue its efforts to secure the release of Paul as well as Brittney Griner and all other Americans who are held hostage or wrongfully detained around the world.”
Elizabeth Whelan suggested in a CNN interview Wednesday that her brother was getting less attention than Griner because of her celebrity status. “Why is Paul not getting the same type of level of attention? Why are the Whelans not getting a call? Why is Paul not going to have a letter written by the President?”
White House officials said the Whelans have been included on biweekly calls with the Office of the Special Presidential Envoy for Hostage Affairs. Secretary of State Antony Blinken and national security adviser Jake Sullivan had spoken directly with Elizabeth Whelan.
A Russian court convicted Whelan, an American corporate security executive, more than two years ago on charges of espionage and sentenced him to 16 years in prison after a closed trial that the U.S. denounced as a “mockery of justice.”
Whelan, a former Marine from Novi, Michigan, has insisted he is innocent, saying he was set up when he was arrested in Moscow in December 2018 while he visiting Russia to attend a friend’s wedding.
Griner was detained in February at Moscow’s Sheremetyevo Airport while returning to play basketball in Russia, and police said they found vape canisters containing cannabis oil in her luggage.
Griner told the court she had no intention of committing a crime and had acted unintentionally because she had packed for Moscow in a hurry. She faces up to 10 years in prison.
Griner made a direct appeal to Biden in a letter Monday in which she said she fears she might never return home and asked that he not forget about her and the other American detainees. | https://cw33.com/news/politics/ap-politics/biden-speaks-to-sister-of-us-executive-detained-in-russia/ | 2022-07-09T01:39:22Z |
Expanded constellation supports up to 16 collections per day across client regions
HERNDON, Va., Aug. 17, 2022 /PRNewswire/ -- HawkEye 360 Inc., the world's leading commercial provider of space-based radio frequency (RF) data and analytics, today announced its Clusters 4 and 5 satellites have started operations. The two newest clusters have doubled on orbit capacity to empower customers with actionable global insights. The expanded constellation can collect over a region of interest up to 16 times per day with an average revisit of 1.5 hours using enhanced payloads, additional ground stations, and optimized satellite management and data processing.
"Our engineering team continues to achieve major technical milestones, including commissioning the Cluster 5 satellites about 10 weeks after being launched, a new record," said HawkEye 360 COO Rob Rainhart. "With all our improvements, HawkEye 360 has quadrupled daily RF data collection since the start of the year. The richness and density of these data sets is making RF activity clearer, allowing us to deliver new dimensions of global knowledge to our government and allied government partners that is tactically relevant and beneficial for national security and humanitarian needs."
The commissioning of both sets of three satellites means the constellation now has a dozen of the next gen satellites with enhanced payloads that began launching in 2021. The company has activated new ground stations in Chile, South Africa, and New Zealand to download the increasing amounts of data and significantly reduce the time required to deliver data to our customers.
HawkEye 360 will continue rapidly growing the constellation to address clients increasing demands for RF Intelligence, aiming for a total of 60 satellites (20 clusters of three satellites). HawkEye 360's sixth cluster of satellites is slated to launch on Rocket Lab's inaugural Electron mission from Launch Complex 2 on Wallops Island, Virginia no earlier than December 2022.
For more information on the HawkEye 360, please visit https://www.he360.com/.
HawkEye 360 is delivering a revolutionary source of global knowledge based on radio frequency (RF) geospatial intelligence to those working to make the world a safer place. The company operates the first-of-its-kind commercial satellite constellation to detect, characterize, and geolocate a broad range of RF signals. This unique RF data and analytics equip our global customers with high-impact insights needed to make decisions with confidence. HawkEye 360 is headquartered in Herndon, Virginia.
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SOURCE HawkEye 360 | https://www.wibw.com/prnewswire/2022/08/17/hawkeye-360s-fourth-fifth-satellite-clusters-begin-operation/ | 2022-08-17T13:49:42Z |
Teen charged in fatal shooting near Chicago ‘Bean’ sculpture
CHICAGO (AP) — A 17-year-old boy has been charged with second-degree murder after a 16-year-old boy was fatally shot near “The Bean” sculpture in downtown Chicago’s Millennium Park, which is among the city’s most popular tourist attractions.
The shooting prompted a curfew at the park to combat violence. Officials announced Sunday that minors will not be allowed in the park after 6 p.m. Thursday through Sunday without an adult, but they did not comment on how the curfew will be enforced.
The 17-year-old, who was taken into custody following Saturday evening’s shooting, also faces charges of aggravated unlawful use of a weapon and aggravated battery, police announced Sunday night. He was due in juvenile court Monday.
The 16-year-old was shot in the chest near the giant, mirrored structure and was pronounced dead at a hospital, police said.
Another teen, who was allegedly armed with a ghost gun — a weapon that does not have a serial number and can’t be traced — was arrested in connection to the shooting, police said.
In total, 26 minors and five adults were arrested during the gathering in the park on Saturday evening. A total of eight guns were confiscated and five gun arrests were made, police said.
“We must also have zero tolerance for young people carrying firearms or settling petty disputes with acts of violence,” Mayor Lori Lightfoot said in a statement. “We all must condemn this behavior in the strongest terms possible.”
Hundreds of people were at the park earlier Saturday as part of demonstrations around the U.S. against the recently leaked draft opinion that suggests the Supreme Court is prepared to overturn the nationwide right to abortion. It is unclear if the teen who was shot had taken part in the 1 p.m. demonstration; however, participants had largely dispersed by late afternoon.
The shooting comes amid a surge in deadly violence in the city in recent years. This year, Chicago has recorded 779 shooting incidents and 194 homicides, compared to 898 shootings and 207 homicides during the same period in 2021, according to figures last updated by the Chicago Police Department on May 8.
Chicago and some other U.S. cities reported dramatic spikes in homicide totals last year. Chicago’s 797 homicides in 2021 — its highest toll for any year in a quarter century — eclipsed the totals in the two bigger U.S. cities, surpassing Los Angeles’ tally by 400 and New York’s by nearly 300.
“The Bean” sculpture is a popular tourist attraction in downtown Chicago. It is formally known as “Cloud Gate,” but it came to be known as “The Bean” for its bean-like shape.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/05/16/teen-charged-fatal-shooting-near-chicago-bean-sculpture/ | 2022-05-16T12:12:14Z |
PreK-2 Students Using Imagine Español Show Higher Scores and Growth According to Two New Studies
SCOTTSDALE, Ariz., June 21, 2022 /PRNewswire/ -- Imagine Learning, the largest provider of digital curriculum solutions in the U.S., serving 15 million students in more than half the school districts nationwide, today announced the results of two new studies revealing that students who used Imagine Español demonstrated significant academic gains on standardized assessments. The studies took place in two separate public school districts in Texas during the 2020-2021 school year.
"Students are thriving through the use of adaptive, personalized learning solutions and we're delighted to see Imagine Español helping to accelerate learning while developing the foundational skills essential to bilingualism, biliteracy, and cultural competency," said Jeff Pendleton, SVP and General Manager of Supplemental and Intervention for Imagine Learning. "As we continue to collaborate with districts, the results of these studies show what the future of learning can look like when the power of technology is harnessed to support educators."
- Imagine Español was implemented with Prekindergarten students in a public school district in Texas. To measure changes in Spanish literacy skills, Imagine Learning obtained and analyzed Spanish CIRCLE Progress Monitoring System (CIRCLE) scores of 1,495 Imagine Español students and a comparison group of 1,495 students. Findings from the study show that after one year of using Imagine Español, students' performance on the Spanish CIRCLE assessment grew 12 percent more than students who did not use the program. Imagine Español students demonstrated greater growth on CIRCLE in Spanish Overall, Rapid Letter Naming, Rapid Vocabulary, and Letter-Sound Correspondence scores.
- Imagine Español was implemented with students in Grades K-2 in YES Prep Public Schools in Texas. To measure the impact of Imagine Español on Spanish reading skills, Imagine Learning analyzed Spanish NWEA MAP Growth Reading data from 44 Imagine Español students and 44 nonparticipating peers. From Winter 2020 to Spring 2021, findings from the study show that Imagine Español students demonstrated significantly greater gains on the Spanish MAP Growth Reading test than their nonparticipating peers. Second-grade students who used Imagine Español significantly outperformed their nonparticipating peers, improving by six Rasch Unit (RIT) score points while their peers showed no growth.
Imagine Español is a personalized learning solution that maximizes Spanish language and literacy development for emerging bilingual learners in Grades K-5 (3-5 coming in 2023). Whether used as a dual-language, transitional bilingual, or world languages program, Imagine Español inspires breakthroughs for early readers and language learners while delivering the Spanish language and literacy foundation they need to succeed in school and beyond. Backed by decades of research on the best pedagogical practices for developing Spanish language and literacy, Imagine Español features highly engaging developmentally appropriate game-like activities while providing the foundations for biliteracy through rigorous, standards-aligned activities that promote academic achievement and cultural awareness. More information is available at imaginelearning.com/espanol.
Imagine Learning is a PreK–12 digital learning solutions company that ignites learning breakthroughs by designing forward-thinking solutions at the intersection of people, curricula, and technology to drive student growth. Imagine Learning serves more than 15 million students and partners with more than half the school districts nationwide. Imagine Learning's flagship products include Imagine Edgenuity®, online courseware and virtual school services solutions; supplemental and intervention solutions for literacy, language, mathematics, robotics, and coding; and high-quality, digital-first core curriculum, including Illustrative Mathematics®, EL Education®, and Odell Education®—all on the Imagine Learning Classroom—and Twig Science®. Read more about Imagine Learning's digital solutions at imaginelearning.com.
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SOURCE Imagine Learning LLC | https://www.wibw.com/prnewswire/2022/06/21/new-studies-reveal-significant-increases-student-performance-with-imagine-espaol/ | 2022-06-21T16:45:23Z |
NEW YORK (AP) — The polio virus has been found in New York City’s wastewater in another sign that the disease, which hadn’t been seen in the U.S. in a decade, is quietly spreading among unvaccinated people, health officials said Friday.
The presence of the poliovirus in the city’s wastewater suggests likely local circulation of the virus, the city and New York state health departments said.
State Health Commissioner Dr. Mary T. Bassett said the detection of poliovirus in wastewater samples in New York City is alarming but not surprising.
“The risk to New Yorkers is real but the defense is so simple — get vaccinated against polio,” New York City Health Commissioner Dr. Ashwin Vasan said in a statement. “With polio circulating in our communities there is simply nothing more essential than vaccinating our children to protect them from this virus, and if you’re an unvaccinated or incompletely vaccinated adult, please choose now to get the vaccine. Polio is entirely preventable and its reappearance should be a call to action for all of us.”
New York City is being forced to confront polio as city health officials are struggling to vaccinate vulnerable populations against monkeypox and adjusting to changing COVID-19 guidelines.
“We are dealing with a trifecta,” Mayor Eric Adams said Friday on CNN. “COVID is still very much here. Polio, we have identified polio in our sewage, and we’re still dealing with the monkeypox crisis. But the team is there. And we’re coordinating and we’re addressing the threats as they come before us, and we’re prepared to deal with them with the assistance of Washington, D.C.”
The announcement about the discovery of the polio virus in New York City comes shortly after British health authorities reported finding evidence the virus has spread in London but found no cases in people. Children ages 1-9 in London were made eligible for booster doses of a polio vaccine Wednesday.
In New York, one person suffered paralysis weeks ago because of a polio infection in Rockland County, north of the city. Wastewater samples collected in June in both Rockland and adjacent Orange County were found to contain the virus.
Most people infected with polio have no symptoms but can still give the virus to others for days or weeks. Vaccination offers strong protection and authorities urged people who haven’t gotten the shots to seek one immediately.
Based on past outbreaks, it is possible that hundreds of people in the state have gotten polio and don’t know it, officials said.
Polio was once one of the nation’s most feared diseases, with annual outbreaks causing thousands of cases of paralysis. The disease mostly affects children.
Vaccines became available starting in 1955, and a national vaccination campaign cut the annual number of U.S. cases to less than 100 in the 1960s and fewer than 10 in the 1970s, according to the Centers for Disease Control and Prevention.
A small percentage of people who polio suffer paralysis. The disease is fatal for between 5-10% of those paralyzed.
All schoolchildren in New York are required to have a polio vaccine, but Rockland and Orange counties are both known as centers of vaccine resistance. | https://cw33.com/news/nexstar-media-wire/is-polio-spreading-again-virus-detected-in-nycs-sewage/ | 2022-08-12T17:46:02Z |
WAUSAU, Wis., June 15, 2022 /PRNewswire/ -- INNOVATIVE HYDRAULICS LLC has been awarded a contract to design and manufacture custom fluid power products in support of the McNary Dam Modernization project on the Columbia River in Umatilla, Oregon.
Innovative Hydraulics will support Knight Const. & Supply of Deer Park, WA by designing and manufacturing custom hydraulic cylinders for McNary Dam's intake gates. The project will be led under the direction of the U.S. Army Corps of Engineers, Walla Walla District.
McNary Lock and Dam was authorized by Congress for power and navigation in the 1945 Rivers and Harbors Act. Construction began on the Columbia River in 1947, and all turbine units were operational in 1957. The Dam is 183 feet tall and is over 7,300 feet long. McNary produces enough clean, renewable hydro power annually to support 686,000 homes.
The custom hydraulic cylinders will actuate McNary's intake gates, controlling the flow into the Columbia River from upstream Lake Wallula. The cylinders will incorporate Innovashield, Innovative Hydraulics' laser clad offering that provides unmatched corrosivity protection in the harshest of submerged environments.
"Innovative Hydraulics has reached another major milestone as a company and by it's employees." – James Tobul Sr., President
Innovative Hydraulics is a project based, high specification, custom hydraulic cylinder manufacturer headquartered in Wausau, Wisconsin with a global presence supporting commercial, civil and defense fluid power applications.
To learn more about Innovative Hydraulics LLC, visit https://innovativehyd.com/ For more information, contact Marketing at 715-803-2597.
CONTACT: Thomas J. Collins
O: 715-803-2597
M: 715-896-1428
tcollins@innovativehyd.com
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SOURCE Innovative Hydraulics LLC | https://www.wibw.com/prnewswire/2022/06/15/innovative-hydraulics-secures-113-million-civil-infrastructure-project-mcnary-dam-columbia-river/ | 2022-06-15T22:54:51Z |
VANCOUVER, BC, Aug. 18, 2022 /PRNewswire/ - Elevation Gold Mining Corporation (TSX.V: ELVT) (OTCQX: EVGDF) (the "Company" or "Elevation Gold") is pleased to announce that all matters submitted to shareholders for approval as set out in the detail of the Company's Management information Circular dated July 13, 2022, were approved by the requisite majority of votes cast at its Annual General Meeting ("AGM"). A total of 36,024,003 common shares of the Company were represented by shareholders in person or by proxy at the AGM, representing 32.63% of the Company's issued and outstanding common shares as at the record date of July 13, 2022.
Specifically, shareholders voted to approve:
- Election of the Board of Directors nominated;
- Re-appointment of PricewaterhouseCoopers LLP, Chartered Professional Accountants, as the Company's external auditors for 2022; and
- Approval of the Company's new 10% rolling equity incentive plan.
Detailed results of the voting are set out below:
The directors will serve on the Board of Directors until the Company's next AGM of shareholders.
Full details of all proposals are described in the Company's Management Information Circular available on SEDAR at www.sedar.com.
Additionally, the Company has entered into an arrangement that provides Elevation Gold with a US $6 million revolving credit facility (the "Credit Facility"). The net proceeds will be used for operating and capital expenditures at its wholly-owned gold and silver producing Moss Mine in Arizona and for general working capital purposes. Under the terms of the Credit Facility, interest accrues on any unpaid principal at an interest rate of 12% per annum compounded on a monthly basis, with all accrued interest and principal payable on or before December 31, 2023. On closing, Elevation Gold was advanced a principal amount of US $3 million (the "Initial Advance"). Additional advances following the Initial Advance will be made available to the Company at the discretion of the lender. The Company may, at its option, at any time and from time to time, prepay without penalty or premium the Credit Facility, in whole or in part.
ON BEHALF OF THE BOARD OF ELEVATION GOLD MINING CORPORATION
"Tim J. Swendseid"
Tim J. Swendseid, President of Elevation Gold Mining Corporation
Elevation Gold is a publicly listed gold and silver producer, engaged in the acquisition, exploration, development and operation of mineral properties located in the United States. Elevation Gold's common shares are listed on the TSX Venture Exchange ("TSXV") in Canada under the ticker symbol ELVT and on the NASDAQ OTC in the United States under the ticker symbol EVGDF. The Company's principal operation is the 100% owned Moss Mine in the Mohave County of Arizona. Elevation also holds the title to the Hercules exploration property, located in Lyon County, Nevada.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain of the statements made and information contained herein is "forward-looking information" within the meaning of applicable Canadian securities laws. All statements other than statements of historical facts included in this document constitute forward-looking information, including but not limited to statements regarding the Company's plans with respect to appointing a new President. Words such as "believe", "expect", "anticipate", "contemplate", "target", "plan", "goal", "aim", "intend", "continue", "budget", "estimate", "may", "will", "can", "could", "should", "schedule" and similar expressions identify forward-looking statements. All of the forward-looking statements made in this document are qualified by these cautionary statements. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, forecast or intended and readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. Accordingly, there can be no assurance that forward-looking information will prove to be accurate and forward-looking information is not a guarantee of future performance. Readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this document. The Company disclaims any intention or obligation to update or revise forward–looking information or to explain any material difference between such and subsequent actual events, except as required by applicable law.
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SOURCE Elevation Gold Mining Corp. | https://www.wibw.com/prnewswire/2022/08/18/elevation-gold-announces-agm-results-us-6-million-working-capital-loan/ | 2022-08-18T20:17:32Z |
Early in June, the Historic Preservation Commission received an application for authority to apply for permits to demolish several historic buildings in the Historic District, including the Albany Middle School. The plan of the applicant is to build a Living and Learning center on the site of Albany Middle School with a parking lot along the south side of Second Avenue.
At its economic height in the 1950s, ‘60s, and '70s, Albany understood itself to be a dynamic growing city. Like many cities that were optimistic about their future, Albany was less interested in its past and not especially interested in maintaining its older structures. As harder times arrived, there was even less incentive to maintain or preserve the city’s older built environment. Many of its historic buildings were abandoned, left to decay and eventually torn down.
Over the past decade, the nation has come to appreciate of value, versatility and economic value of historic buildings. Albany Middle School, the surrounding buildings and the nearby houses offer Albany a unique opportunity to be part of this new appreciation. The current prevailing wisdom in Albany is to tear down buildings with the hope that they will be replaced with new businesses. The typical roadblocks discouraging large renovation or preservation efforts have been identifying new uses for the buildings and finding investors willing to take on the challenge. But these roadblocks may not exist if the owner of the Albany Middle School can be persuaded to renovate rather than demolish.
Properly restored, adapted to the proposed new use, expanded with sympathetically designed additions and imaginative repurposing, the buildings and spaces surrounding the Albany Middle School could be the spark that might renew interest and investment in this section of the Historic District. It would also be a perfect fit with the city’s Downtown Revitalization plans.
There is no question that all of the structures that are part of the application are historic and contribute significantly to the district. The buildings are structurally sound and can be adapted to new uses. There is nothing to suggest that any of the buildings proposed for demolition cannot be successfully renovated at a cost comparable to new construction. Furthermore, the Albany Middle School building is to be a living/learning center. So the renovations do not have to meet the exacting standards of a medical care facility. In other words, there is no practical justification for tearing down the buildings.
If the buildings were preserved and properly renovated, both the properties’ owner and city would have a model for future similar projects in other parts of Albany. This past month, the renovation of Fort Valley High School was recognized for Excellence in Rehabilitation by the Georgia Trust. Phoebe Putney Memorial Hospital has a unique opportunity to benefit from the prestige that a restoration project brings to Albany. Rather than demolishing the buildings and the opportunity, Phoebe should be persuaded to abandon its current plans and instead make the renovation of the Albany Middle School a significant historic preservation success for Albany. Please urge PPMH to restore the Albany Middle School. | https://www.albanyherald.com/local/charles-capps-save-albany-middle-school/article_aff8b36c-fd3c-11ec-8ffe-731e65cc6ac2.html | 2022-07-07T22:03:12Z |
Albany police are searching for a man who apparently set fire in a dwelling that he had broken into and sent text messages, with photos, of his destruction.
ALBANY -- Albany police are searching for a man who apparently set fire in a dwelling that he had broken into and sent text messages, with photos, of his destruction.
Albany Police Department officers responded to a burglary in progress on the 600 Block of W. Society Ave. on Wednesday, according to an APD news release. When officers arrived on the scene, they reported a broken window at the residence and also the smell of smoke.
Jakobe Andrews, 19, reportedly sent text messages to the victims of the address and included pictures of a fire to the blinds. His messages told the victims what he was doing. Andrews destroyed the property and threatened one of the victims. He reportedly has made threats to the victims in the past.
Andrews is possibly driving a Hyundai vehicle.
This incident remains under investigation. Anyone who has any credible information on the whereabouts of Andrews is encourage to call Crimestoppers at (229) 436-TIPS or contact an APD investigator at (229) 431-2100.
(Family Features) When you envision a California getaway, you may picture scenic shorelines, crashing waves and sun-kissed skies. You can find all of that and more if you make your way to Monterey County. Click for more.
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accounts, the history behind an article. | https://www.albanyherald.com/local/albany-man-apparently-sets-fire-to-home-sends-text-messages-with-photos-to-victims/article_d57f8e16-b29c-11ec-819a-fff2c1958bc6.html | 2022-04-02T17:28:24Z |
Texas court grants stay of execution for death row inmate Melissa Lucio
By Dakin Andone, CNN
The Texas Court of Criminal Appeals on Monday granted a stay of execution for Melissa Lucio, halting her execution scheduled for Wednesday and sending her case back to the trial court to review new evidence.
State Rep. Jeff Leach called Lucio to deliver the news, and she immediately sobbed on the phone, realizing she wouldn’t be executed this week, according to an audio of the conversation obtained by CNN.
“Oh, thank you God,” Lucio said — barely able to speak through her tears — after receiving the news from Leach.
Lucio, her family, advocates and attorneys say she was wrongfully convicted of capital murder in the 2007 death of her toddler Mariah.
“I thank God for my life. I have always trusted in Him,” Lucio said in a statement shared by her legal team. “I am grateful the Court has given me the chance to live and prove my innocence. Mariah is in my heart today and always.”
Lucio’s son, Bobby Alvarez, said the family is looking forward to Mother’s Day now.
“We were talking about it today, actually, what we’re gonna do for Mother’s Day,” Alvarez said. “So I know she wants a lot of cards.”
At trial, prosecutors argued Lucio was an abusive mother who likely caused the injuries that brought about her daughter’s death. But Lucio and her attorneys said Mariah’s injuries stemmed not from abuse but from a fall down a staircase outside the family’s second-floor apartment two days prior to her death.
Of the nine claims Lucio raised in her habeas application, the appellate court ordered the trial court to consider four of them, including her assertions she is innocent and new scientific evidence precludes her conviction. Lucio also argued the state relied on false testimony and suppressed evidence favorable to her defense.
CNN has reached out to prosecutors for comment.
Lucio will remain on death row despite the stay, according to her legal team.
The court’s ruling delays Lucio’s execution while the trial court considers the merits of her claims.
According to Lucio’s attorneys, the trial court in Brownsville will hold proceedings to hear the evidence of Lucio’s innocence. The court would then make a recommendation to the Texas Court of Criminal Appeals, which will ultimately decide whether Lucio should receive a new trial, Tivon Schardl, one of Lucio’s attorneys, said at a virtual news conference Monday.
“There’s still a long way to go in Melissa’s case, and there’s much more that stands in the way of Melissa and an exoneration,” said Vanessa Potkin, the director of special litigation at the Innocence Project, whose attorneys are also working on Lucio’s case.
“But today’s stay and remand to have hearings on new evidence of her innocence really opens the door to the potential of a new trial in her case,” Potkin told reporters, “and ultimately, complete vindication.”
Lucio’s family appeared at the press briefing, thanking her legal team.
Separately, the Texas Board of Pardons and Paroles on Monday declined to make a clemency recommendation in Lucio’s case, citing the stay of execution.
Reasons for doubt ‘are innumerable’
Lucio’s case garnered wider attention after being featured in the 2020 documentary, “The State of Texas vs. Melissa.”
And calls for leniency have grown in recent weeks: A bipartisan majority of the Texas legislature has called for mercy, as have celebrities such as Kim Kardashian. Perhaps most crucially, five members of Lucio’s jury have come forward to say her execution should be stopped or she should get a new trial based on evidence they did not hear.
When she died, Mariah’s body was covered in bruises “in various stages of healing,” her arm had been broken several weeks earlier and she had a bite mark on her back, per court documents.
According to the state’s case, these injuries were the result of abuse. At trial, the medical examiner testified for the state Mariah died of blunt-force trauma to the head, calling her a “battered child.” An ER doctor who tried to resuscitate Mariah called it the “absolute worst” case of child abuse he had seen.
But Lucio — a mother of 14 — and her attorneys insist she is innocent and that Mariah’s injuries were sustained in a fall down a steep staircase outside the family’s apartment. And authorities, plagued by a misunderstanding about the fall, ignored or discounted evidence that might have proven her innocence, Lucio’s attorneys say.
Lucio never abused her children, they say, pointing to more than a thousand pages of Child Protective Services records from that time.
Those records, per her clemency petition, “tell a story of Melissa’s love for the children, as well as her inability to care for them properly,” pointing in part to the family’s struggle with poverty and Lucio’s drug addiction. But none of the CPS records, her attorneys say, indicate any of the children ever reported being abused by Lucio.
Lucio was convicted in large part, her attorneys argued, on the basis of a coerced “confession” she gave authorities in an “aggressive” late night interrogation the same night her daughter died. But Lucio’s attorneys said she only “vaguely” indicated she was responsible for her daughter’s injuries and never confessed to being responsible for Mariah’s death.
Lucio was particularly susceptible to coercion due to her status as a lifelong survivor of sexual abuse and domestic violence, her attorneys said, citing medical experts who reviewed the case.
Lucio’s legal team has offered other explanations for Mariah’s injuries, again citing medical experts: Her bruises could have been caused by her fall and a blood coagulation disorder, they say, and a fractured arm is not uncommon in toddlers, particularly one like Mariah, who had a documented history of falling.
“The reasons for doubt here are innumerable,” her attorneys wrote in Lucio’s clemency petition. “The prospect that the State might shed innocent blood for a death Melissa Lucio did not cause, much less intend, should strike righteous fury in the heart of Texans.”
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CNN’s Amir Vera, Claudia Dominguez, Jenn Selva and Natasha Chen contributed to this report. | https://localnews8.com/news/national-world/cnn-national/2022/04/25/texas-court-grants-stay-of-execution-for-death-row-inmate-melissa-lucio-2/ | 2022-04-26T02:18:05Z |
First Customers Include L'Oréal, OXO, Saucony, Trek Bicycle, Desktop Metal, WHOOP
CAMBRIDGE, Mass., April 13, 2022 /PRNewswire/ -- Lumafield emerged from stealth today, introducing a groundbreaking accessible X-ray computed tomography (CT) platform that gives any engineer the ability to look inside their products with unprecedented clarity.
Every day, engineers make design and manufacturing decisions that put millions of dollars at stake. A single leaky seal, weak solder joint, or failure-prone casting can mean the difference between a successful product and a costly recall–or reputational destruction. Even as the manufacturing world has digitized and become more sophisticated, the tools that front-line engineers rely on to identify these problems, like saws, calipers, and magnifying glasses, have remained stuck in the 19th century.
With the right tools, engineers can take calculated risks with confidence and create groundbreaking products that push the boundaries of modern manufacturing technology. The biggest manufacturers have been able to afford the ultimate engineering tools: CT scanners that give their engineers complete insight into their work. However, first-generation CT scanners have historically been difficult to use and cost upwards of $1 million, so they stay locked away in labs, operated by specialized technicians.
Lumafield's CT scanning system is available for less than $3,000 per month and is so easy to use that entire engineering teams can rely on it for day-to-day work. It uses a series of X-ray images to create a highly-detailed 3D reconstruction of a scanned object's external and internal features. The resulting digital model offers rich insights for designers and engineers, allowing them to visualize and measure aspects of their products that were previously invisible.
"When we were developing the iPod and iPhone, we relied on X-ray CT scanning," said Tony Fadell, the inventor of the iPod and founder of Nest, and an investor in Lumafield. "In those days we had to use outside services to get these expensive scans and wait days for results. Even today this critical tool is only accessible to giant companies. But that's going to change quickly: Lumafield puts these insanely powerful tools on engineers' work benches around the world."
Lumafield's Neptune scanner is a revolutionary advance over legacy CT systems. It's at home in any office or workshop environment, ready to become an everyday tool for entire engineering teams. With easy AI-powered configuration, anyone can use it with minimal training—no dedicated operator required.
Lumafield's Voyager software turns scans into actionable insights. It offers intuitive visualizations that reveal invisible features, measurement tools that take guesswork out of inspection, and a powerful automated analysis engine that pinpoints voids, pores, and cracks before they turn into critical problems. Voyager runs in the cloud, accessible through any desktop web browser, so teams can collaborate and share data in real time.
"Engineers do their best work when they have the best tools," said Eduardo Torrealba, Lumafield CEO and co-founder. "We founded Lumafield to give engineers an unprecedented superpower: full X-ray vision that lets them see their work in every dimension."
Leading product development teams have already begun to use Lumafield's platform, including L'Oréal, OXO, Saucony, Trek Bicycle, Desktop Metal, and WHOOP.
"OXO's product development team is obsessed with quality," said Conor McNamara, Senior Vice President of Engineering at OXO. "Lumafield's technology gives our engineers a powerful new tool for delivering an outstanding customer experience, and gives us confidence in the products that we're sending into the market."
Lumafield has raised $32.5 million in support of its mission to revolutionize the way engineers work. Lux Capital and Kleiner Perkins led Lumafield's 2019 seed round, and DCVC led Lumafield's 2020 series A funding with additional participation from Lux and Kleiner Perkins.
"We invest in companies that have high-quality teams, deep understanding of customer needs, and transformative market opportunities," said DCVC partner James Hardiman. "Lumafield is an outstanding example of all three qualities. The company is made up of world-class engineers who have decades of experience delivering products. They understand the need for CT scanning firsthand, and have what it takes to democratize this previously inaccessible technology into an everyday tool that changes the way engineers work."
Other investors include Haystack Ventures and Figma founder Dylan Field.
About Lumafield
Lumafield is a new startup based in Cambridge, Mass., that has developed the world's first accessible X-Ray CT scanner for engineers. Lumafield's easy-to-use scanner and cloud-based software give engineers the ability to see their work clearly, inside and out, for less than $3,000 per month.
By offering unprecedented visibility into products, as well as AI-driven tools that highlight problems and generate quantitative data, Lumafield promises to revolutionize the way complex products are created, manufactured, and used across industries. Learn more and explore interactive demos at www.lumafield.com.
Lumafield, Neptune, and Voyager are trademarks of Lumafield, Inc. All other trademarks and registered trademarks previously cited are hereby recognized and acknowledged.
For further media information about Lumafield, please contact company PR Counsel Jonathan Hirshon at jh@horizonpr.com.
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SOURCE Lumafield | https://www.kxii.com/prnewswire/2022/04/13/lumafield-emerges-stealth-introduces-next-generation-ct-scanning-technology-platform-engineers/ | 2022-04-13T14:02:47Z |
Former Corinthian students get federal student debt erased
WASHINGTON (AP) — Hundreds of thousands of students who attended the for-profit Corinthian Colleges chain will automatically get their federal student loans canceled, the Biden administration announced Wednesday, a move that aims to bring closure to one of the most notorious cases of fraud in American higher education.
Under the new action, anyone who attended the now-defunct chain from its founding in 1995 to its collapse in 2015 will get their federal student debt wiped clean. It will erase $5.8 billion in debt for more than 560,000 borrowers, the largest single loan discharge in Education Department history, according to the agency.
“As of today, every student deceived, defrauded and driven into debt by Corinthian Colleges can rest assured that the Biden-Harris Administration has their back and will discharge their federal student loans,” Education Secretary Miguel Cardona said. “For far too long, Corinthian engaged in the wholesale financial exploitation of students, misleading them into taking on more and more debt to pay for promises they would never keep.”
Tens of thousands of former Corinthian students were already eligible for debt cancellation, but they had to file paperwork and navigate an application process that advocates say is confusing and not widely known about. Now, the relief will be made automatic and extended to additional borrowers.
Those who have a remaining balance on their Corinthian debt will also get refunds on payments they have already made, Education Department officials said. But the action does not apply to loans that have already been paid off in full.
At its peak, Corinthian was one of the nation’s largest for-profit college companies, with more than 100 campuses across the country and more than 110,000 students at its Everest, WyoTech and Heald schools.
But the company shut down in 2015 amid widespread findings of fraud. The Obama administration — working with Kamala Harris, who was then California attorney general and later became vice president — found that scores of campuses were falsifying data on the success of their graduates. In some cases, the schools reported that students had found jobs in their fields of study even though they were working at grocery stores or fast food chains.
Hundreds of students told investigators they were pressured to enroll with promises of lucrative employment, only to end up with huge sums of debt and few job prospects. Federal officials also found that the company falsely told students their course credits could be transferred to other colleges.
The case inspired a federal crackdown on for-profit colleges, and the Obama administration promised to forgive loans for Corinthian students whose programs lied about job placement rates. The administration went on to expand a process known as borrower defense to repayment, which allows any defrauded student to apply for debt cancellation.
But an explosion in applications for debt forgiveness, along with political battles over the process, created a years-long backlog in the process, leaving many former Corinthian students still awaiting relief.
As of December, the Education Department reported it had more than 109,000 pending applications from students alleging fraud by their colleges, including many Corinthian students. Borrowers and their advocates have been urging the government to erase all Corinthian debt, saying evidence of misconduct was so widespread that all the chain’s students were the victims of fraud.
The administration announced the action Wednesday as President Joe Biden considers broader student loan forgiveness for millions of Americans. As a candidate, Biden said he supports forgiving $10,000 in student loans for all borrowers. He later indicated that such action should come through Congress, but the White House has said he is considering whether to pursue it through executive action.
Advocates said the Biden administration’s decision brings long-delayed justice.
“This is a tremendous student victory, and it belongs to the tens of thousands of borrowers who were cheated and abused by Corinthian Colleges,” said Eileen Connor, director of the Project on Predatory Student Lending, which has represented Corinthian students in lawsuits. “They never stopped fighting — over three administrations — for the justice they deserve under the law.”
Libby DeBlasio Webster, senior counsel for the advocacy group Student Defense, said the news gives a “fresh start” to former Corinthian students, but she noted that many defrauded students from other for-profit colleges are still awaiting help.
“We also hope today’s news is a sign that other decisions are on the horizon for thousands of similarly situated students who are waiting for this kind of relief,” she said.
___
The Associated Press education team receives support from the Carnegie Corporation of New York. The AP is solely responsible for all content.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/06/01/former-corinthian-students-get-federal-student-debt-erased/ | 2022-06-01T23:51:04Z |
Vice President Kamala Harris tests positive for Covid
By Jasmine Wright, Maegan Vazquez, Betsy Klein and Kevin Liptak, CNN
Vice President Kamala Harris tested positive for Covid-19 on Tuesday after returning from a weeklong trip to California, the White House announced.
“Today, Vice President Harris tested positive for Covid-19 on rapid and PCR tests. She has exhibited no symptoms, will isolate and continue to work from the vice president’s residence,” said Kirsten Allen, the vice president’s press secretary, in a statement.
Allen added, “She has not been a close contact to the President or First Lady due to their respective recent travel schedules. She will follow CDC guidelines and the advice of her physicians. The Vice President will return to the White House when she tests negative.”
Harris had been scheduled to receive her intelligence briefing at 10:15 am ET Tuesday at the White House alongside President Joe Biden, according to daily guidance sent to reporters Monday evening. She did not participate in any events or meetings at the White House on Tuesday, according to a White House official.
Harris arrived at the White House Tuesday morning, a White House official told CNN, and went straight to take a test. After testing positive on both PCR and rapid tests, she returned home to her residence at the Naval Observatory, where she will be isolating.
Separately, an official said Harris last saw Biden at the Easter Egg Roll on April 18. She left Washington for California that afternoon and didn’t return until Monday night.
While in California last week, she held events on portfolio issues. In San Francisco on Thursday, Harris highlighted the Black maternal health crisis during events and was indoors talking to expecting mothers and health providers without a mask on. Masks are recommended, but no longer required, in most public indoor spaces in the city.
Harris held no public events over the weekend before returning to the nation’s capital.
One official said Harris tested negative through her “regular” testing up until Tuesday. CNN has asked when the vice president last tested negative.
Harris completed her two-dose regimen of the Moderna Covid-19 vaccine in January 2021. She received her first booster dose in late October and a second booster vaccine on April 1.
The vice president’s positive Covid-19 test comes as the US has largely lifted most of its Covid-19 mitigation measures after the Omicron variant spike over the winter.
In accordance with federal public health guidelines, officials and visitors have not been required to wear masks or socially distance at large White House events. Covid cases in Washington have declined since their peak in early January, when the country was facing a wave of Omicron variant cases, but have been rising recently.
Though the White House has continued to hold crowded indoor events where masks are optional and officials have forgone masks in public, the administration has said they are going beyond federal guidelines to detect Covid-19 in the building. There’s mandatory testing for those who come into contact with Biden and social distancing during meetings, at least when it’s possible.
White House press secretary Jen Psaki said in early April that the White House was not considering returning to pandemic-era restrictions.
“We are continuing to implement the return-to-work policy and feel we have the measures necessary to do that,” she said at the time.
Officials have acknowledged that it’s “possible” Biden will eventually contract the virus as Covid-19 has also been making the rounds among White House staff and among the Washington elite recently.
In late March, White House press secretary Jen Psaki cancelled her plans to travel with the President to Belgium and Poland after testing positive for Covid-19 for the second time. Her replacement on the Europe trip, White House principal deputy press secretary Karine Jean-Pierre, tested positive shortly after returning from the trip. Harris’ husband, second gentleman Doug Emhoff, tested positive for Covid-19 earlier in March.
Following the Gridiron Club Dinner, an annual event with members of the press and prominent Washington officials that was held in early April, dozens of attendees tested positive, including two Cabinet members and Harris’ communication director, Jamal Simmons. He was considered to be a close contact of the vice president. Harris was criticized in the wake of that close contact for her seeming disregard of US Centers for Disease Control and Prevention masking guidance for those who were exposed to Covid-19, as she did not wear a mask during the Supreme Court confirmation vote for Judge Ketanji Brown Jackson.
And on Tuesday, Democratic Sens. Chris Murphy of Connecticut and Ron Wyden of Oregon both announced they had tested positive as well.
This story has been updated with additional reporting.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
CNN’s MJ Lee and Sarah Fortinsky contributed to this report. | https://localnews8.com/health/coronavirus/2022/04/26/vice-president-kamala-harris-tests-positive-for-covid/ | 2022-04-26T19:00:28Z |
The transformation from a single product to a multi-product platform generates growth in customer accounts
WILMINGTON, Del., Aug. 22, 2022 /PRNewswire/ -- Marlette Holdings, Inc., a leading financial technology company operating the Best Egg financial platform, today announced financial results for the first half of 2022. The Best Egg platform experienced a record-breaking performance in the first half of 2022, with all-time highs in quarterly loan originations, revenue, and pre-tax operating income.
"Our strong performance in the first half of 2022 reflects our transformation from a single product to a multi-product platform," said Jeffrey Meiler, CEO and Founder of Marlette Holdings. "In the first half of this year, we exceeded what we did last year, demonstrating positive momentum across the Best Egg platform. Our strategy of diversifying our offering is increasing value for our customers and putting us in a strong financial position and on track for long-term sustainable growth."
Best Egg has seen tremendous growth over the past two years, accelerating to $21 billion in personal loan originations and 1.8 million accounts since the platform's inception in March 2014. In the first half of 2022, Best Egg added more than 485,000 new consumer accounts across personal loans, credit cards, and financial health and saw a sharp increase in customers using multiple Best Egg products. The Best Egg platform originated $4 billion in personal loans and generated $265 million in gross revenue, up more than 160% year over year.
"Our team's determination to build financial confidence with our customers drives a relentless focus on understanding their needs using sophisticated human and machine insights. This vital information is allowing us to scale our products and services to provide more personalized and meaningful financial solutions for a growing number of people in the U.S. with limited savings," said Jeffrey Meiler, CEO and Founder of Marlette Holdings.
Best Egg generally serves consumers with a good credit profile and enough money to cover their everyday expenses but have limited savings to absorb financial disruptions. They want simple solutions to help them achieve financial stability and feel more confident about their daily finances. Best Egg helps people understand which financial decisions may work for them and offers fast and convenient credit solutions to help alleviate cash flow pain.
Today, Best Egg offers unsecured and secured personal loans, the Best Egg Visa® Credit Card, the free Best Egg Financial Health tool, and is developing a personal loan product secured by automobiles. In March 2022, the company announced $225 million in equity funding.
Recognized as one of the best tech startups in the U.S. by The Tech Tribune in 2022, Best Egg has also built a reputation for attracting top talent. The company has won numerous top workplace awards across the U.S. and Delaware and has more than doubled the size of its workforce in the past 12 months. It has more than 600 employees as of June 30. Learn more about open positions on the Best Egg careers page.
About Marlette Holdings, Inc.
Marlette Holdings, Inc. is a leading financial technology provider whose subsidiaries develop and operate Best Egg, a financial health platform that provides lending products and resources focused on helping people feel more confident as they manage their everyday finances. Since March 2014, Best Egg has delivered $21 billion in consumer personal loans with strong credit performance, welcomed 289,000 members to the recently launched Best Egg Financial Health platform, and empowered over 100,000 cardmembers who carry the new Best Egg Credit Card in their wallet. For more information, visit bestegg.com.
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SOURCE Best Egg | https://www.mysuncoast.com/prnewswire/2022/08/22/best-egg-continues-record-breaking-performance-first-half-2022/ | 2022-08-22T14:19:15Z |
Families on aid program getting help with alternate formula costs, agency says
(Gray News) - Government officials said they are continuing to help U.S. families through the current infant formula shortage in the country.
On Wednesday, the U.S. Department of Agriculture reported it is working quickly to leverage the new Access to Baby Formula Act and cover the additional costs of alternate brand formulas in states that have contracts with companies Rickett Mead Johnson (RMJ) and Gerber.
The USDA is also recommending state agencies, RMJ and Gerber work together to consider temporarily allowing alternate brand formulas. In states with Abbott product contracts, the company is currently covering that cost difference.
According to a USDA news release, the agency is working with state agencies and manufacturers for families participating in the government’s Special Supplemental Nutrition Program for Women, Infants, and Children, or WIC, to be covered when purchasing alternate infant formula sizes, forms, or brands during the current shortage.
“Responding to the infant formula shortage has been – and will continue to be – a team effort. We encourage states and their formula manufacturers to work together to maximize access to infant formula for WIC participants, and USDA will provide the funding to make that possible,” said Agriculture Secretary Tom Vilsack. “WIC families depend on us for the vital nourishment their babies and children need to thrive. We cannot let them down.”
According to the USDA, WIC participants under 12 months of age consume an estimated 56% of infant formula in the U.S. Approximately half of all state agencies have contracts with Abbott, which voluntarily recalled formula products in February.
The department reports that it continues to work closely with other agencies and the administration to support WIC through the formula shortages.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/05/26/families-aid-program-getting-help-with-alternate-formula-costs-agency-says/ | 2022-05-26T01:32:04Z |
Donation Recipients Include Jacobs and Cushman San Diego Food Bank and Support The Enlisted Project
TYSONS, Va., June 22, 2022 /PRNewswire/ -- PenFed Credit Union, the nation's second largest federal credit union, today announced it donated $20,000 to local San Diego charities as an on-going initiative to give back to the members of the communities in which PenFed teammates live and work. PenFed, which operates a financial center in Miramar, donated $15,000 to the Jacobs and Cushman San Diego Food Bank and $5,000 to the Support The Enlisted Project (STEP).
"PenFed Credit Union Chairman Ed Cody and I were honored to present donations to the San Diego Food Bank, which feeds over 8 million meals a year to help others, and to Support The Enlisted Project, which assists junior enlisted service members with financial literacy and grants during times of financial emergencies," said PenFed Credit Union President/CEO and PenFed Foundation CEO James Schenck. "Both the food bank and STEP are already seeing a spike in those needing help because of inflation and increased living expenses in all areas. At PenFed we are continuing our efforts to help alleviate the struggles of those around us in the communities in which we live."
PenFed chose Jacobs and Cushman San Diego Food Bank as a $15,000 donation recipient due to the organization's standing as the largest hunger-relief organization in San Diego County and the fact the organization distributed over 63 million pounds of food last year. On average, the San Diego Food Bank serves 500,000 people per month in San Diego County.
"The San Diego Food Bank is humbled to receive this generous donation of $15,000 from steadfast community partner, PenFed Credit Union. The Food Bank is currently providing food assistance to nearly half-a-million San Diegans per month and among those we help are low-income military families and their dependents," said San Diego Food Bank CEO Casey Castillo. "It takes a community to feed a community, and PenFed's donation will go a long way to provide 30,000 meals to families facing food insecurity countywide. Thank you, PenFed!"
PenFed also selected Support The Enlisted Project for a $5,000 donation to aid the organization's efforts building financial self-sufficiency among junior active-duty enlisted members, recently discharged enlisted veterans and their families facing financial crisis through counseling, education and grants.
PenFed has a strong legacy of being a military-friendly company and donates up to 2% of its annual net income to charitable organizations, with the majority going to military charities. The PenFed Foundation, a national 501(c)3 founded by PenFed Credit Union, was created in 2001 and, since then, has provided more than $42.5 million in financial support to veterans, active-duty service members, families, and caregivers.
About PenFed Credit Union
Established in 1935, Pentagon Federal Credit Union (PenFed) is America's second-largest federal credit union, serving over 2.8 million members worldwide with over $35 billion in assets. PenFed Credit Union offers market-leading certificates, checking, credit cards, personal loans, mortgages, auto loans, student loans, and a wide range of other financial services with members' interests always in mind. PenFed Credit Union is federally insured by the NCUA and is an Equal Housing Lender. To learn more about PenFed Credit Union, visit PenFed.org, like us on Facebook and follow us @PenFed on Twitter. Interested in working for PenFed? Check us out on LinkedIn. We are proud to be an Equal Employment Opportunity Employer.
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SOURCE PenFed Credit Union | https://www.wibw.com/prnewswire/2022/06/22/penfed-credit-union-gives-back-san-diego-military-communities-by-donating-20000-local-charities/ | 2022-06-22T15:52:11Z |
The coffee chain founded in Oregon now has 27 locations in Arizona
PORTLAND, Ore., May 17, 2022 /PRNewswire/ -- Black Rock Coffee Bar continues to expand its footprint in the state of Arizona with the opening of its fifth store in Mesa and 27th in the state. Black Rock has launched three stores in Arizona this year and 12 in Arizona since the beginning of 2021.
Opening on May 20th, the 2,000-square-foot store is located at 5247 South Ellsworth Road between E. Prairie Ave and E. Peterson Ave. Black Rock will celebrate its grand opening by offering all customers free 16 oz. drinks all day at this location as well as other specials throughout the following week.
"We're excited to continue investing in Arizona with the opening of our 5th Mesa location," said Josh Pike, CEO of Black Rock Coffee Bar. "We are building a strong presence within the Mesa community, and this new location will deepen our customer relationships and extend our reach as we strive to be the coffee and caffeine provider of choice in Arizona."
With nearly 110 stores across the U.S., the popular coffee chain that is guided by three principles - coffee, community and connection, is known for its premium roasted coffees, teas, smoothies and flavorful Fuel® energy drinks. Its mission is to be a positive force in the communities it serves.
Founded in 2008 in Portland, Oregon, an area of the Pacific Northwest known for its coffee excellence, Black Rock Coffee Bar continues its rapid expansion in the West and into the Sunbelt with locations in Arizona, California, Colorado, Idaho, Oregon, Texas and Washington. The Portland Business Journal recently named the boutique coffee chain the 2021 Fastest Growing Private Company in Oregon and SW Washington.
About Black Rock Coffee Bar
Black Rock Coffee Bar is a national boutique coffee shop that is known for its premium roasted coffees, teas, smoothies and flavorful Fuel® energy drinks. Founded as a family owned and operated business in Oregon in 2008, Black Rock Coffee Bar has grown to more than 100 retail locations in seven states.
The Black Rock culture prides itself on not only being a positive force for the communities it serves, but also the team members that fuel their locations day in and day out. An important aspect of their team mission is to recognize those that go above and beyond by displaying the 4G's of Black Rock - grit, growth, gratitude, and grace.
For more information, visit https://br.coffee/
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SOURCE Black Rock Coffee Bar | https://www.kxii.com/prnewswire/2022/05/17/black-rock-coffee-bar-adds-fifth-location-mesa-arizona/ | 2022-05-17T22:27:03Z |
Shad Reed steps down as Callisburg hoops coach
Published: Apr. 18, 2022 at 10:59 PM CDT|Updated: 6 hours ago
CALLISBURG, Texas (KXII) - The Callisburg Wildcats are looking for a new head basketball coach. Shad Reed is stepping down after two years of leading the team.
Callisburg went 47-15 during that span. Reed is taking a job as the head basketball coach at Gordon ISD out near Stephenville. Reed led Callisburg to the regional quarterfinals in 2021, going 28-1 that year.
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/04/19/shad-reed-steps-down-callisburg-hoops-coach/ | 2022-04-19T10:39:23Z |
SEGUIN, Texas, June 27, 2022 /PRNewswire/ -- Lennar, one of the nation's leading homebuilders, announced today the grand opening of Guadalupe Heights, a beautiful new community of single-family homes situated just outside of Northeast New Braunfels, 14 miles from downtown San Marcos and conveniently located between San Antonio and Austin.
"Guadalupe Heights offers it all – thoughtfully-designed homes, small-town charm and close proximity to all the conveniences of San Antonio and Austin metro areas," said Lennar Division President Brian Barron. "We are delighted to introduce our beautiful Lennar Homes to this unique setting."
Located in southeast Seguin near the Guadalupe River, Guadalupe Heights offers homes from the Watermill and Barrington collections, which range from 1,047 to 1,874 square feet, with 3 to 5 bedrooms and 2 to 3.5 baths. Pricing at Guadalupe Heights begins in the upper $200,000s.
All homes feature thoughtfully designed floorplans that include generous living spaces, gourmet kitchens and resort-style owner's suites. The homes also offer technology upgrades that meet the needs of the most contemporary homebuyer. The exterior styles of the homes feature low-maintenance fiber-cement siding, a selection of exterior design options and sodded yards.
Guadalupe Heights features Lennar's signature Everything's Included® program, where the homebuilder's most popular options and upgrades are built into the base price of the home, including granite countertops and backsplashes, designer cabinetry, GE® stainless steel appliances, low-VOC interior paint and a host of other carefully curated interior touches and designer fixtures.
Guadalupe Heights welcome home center is located at 159 Wolf Crest Blvd., within the Guadalupe Heights master planned community, offering trails, open spaces, picnic areas and immediate access to the Guadalupe River. Residents will enjoy local shopping and eateries and quick access to New Braunfels, the popular Gruene Historic District and the 227-acre Max Starcke Park, which offers fishing, trails, picnic areas, sport courts, playgrounds, a wave pool and an 18-hole golf course. For commuting residents, Guadalupe Heights is adjacent to State Highway 46 and just minutes from Interstates 10 and 35.
Children living at Guadalupe Heights are served by the Seguin Independent School District. Seguin is also home to Texas State University, providing a broad postsecondary curriculum.
For more information on these new communities, call (210) 393-8095, visit www.lennar.com or visit the Guadalupe Heights community website.
Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar's homes and, through LMF Commercial, originates mortgage loans secured primarily by commercial real estate properties throughout the United States. Lennar's Multifamily segment is a nationwide developer of high-quality multifamily rental properties. LENX drives Lennar's technology, innovation and strategic investments. For more information about Lennar, please visit lennar.com.
Contact: Danielle Tocco
Vice President Communications
Lennar Corporation
Danielle.Tocco@Lennar.com
Direct Line: 949.789.1633
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SOURCE Lennar Corporation | https://www.mysuncoast.com/prnewswire/2022/06/27/lennar-debuts-guadalupe-heights-seguin-tx-northeast-san-antonio/ | 2022-06-27T23:43:37Z |
"Youth Right Now" shares insights from more than 100,000 kids and teens around how they are feeling today, in key areas like mental health, readiness for life after high school, and safety and success in an increasingly digital world – streamlining guidance on how American families, government, schools and partners can better meet the challenges kids and teens are facing.
ATLANTA, Aug. 30, 2022 /PRNewswire/ -- Boys & Girls Clubs of America, one of the nation's largest youth-serving organizations representing over 4.3 million young people, today launched Youth Right Now – a new survey featuring insights on how kids and teens are feeling about their mental health, their safety and their potential in the workforce, as well as guidance for others to support young people in achieving great futures.
Youth Right Now gleans insights from more than 100,000 Boys & Girls Club members, ages 9-18, across more than 3,000 Clubs scattered across the United States making it, to the organization's knowledge, the world's largest existing data set in the youth-serving sector.
"Kids and teens right now have a lot to say, and these insights from their voices are invaluable for us to identify the issues they are facing, build support systems, and plan for better outcomes for young people," said Jim Clark, president & CEO, Boys & Girls Clubs of America. "As youth development professionals, but also as caregivers, mentors, and parents, we have a shared responsibility to listen and understand so that we can remove barriers and create opportunities that build a great future for all kids in America today."
To guide parents, educators and caregivers in providing the resources they need to meet young people where they are, Boys & Girls Clubs of America is sharing insights on issues that have been impacting young people for decades, yet have only been exacerbated in recent years.
From the impact of the pandemic to sentiments around cyberbullying, self-image, social media and beyond, Youth Right Now elevates the voices of kids and teens among important topics of conversation.
Among other issues, the survey supports decade-long concerns around mental wellness, including findings that 71% of kids say they can't stop worrying about it when something goes wrong and 67% of youth report trying to keep others from finding out when something does go wrong.
Although this pulse illustrates the steep toll the pandemic has taken on youth in recent years, it also depicts a resilient and empathetic generation of leaders and passionate changemakers. Findings also suggest that today's youth are confident in themselves and their capabilities, with 94% saying they can work with people who are different than them and 88% feeling they can stand up for what they think is right.
To discover more survey insights and learn how to continue supporting the young people in your lives and local communities, visit www.bgca.org/youthrightnow
For 160 years, Boys & Girls Clubs of America (BGCA.org) has provided a safe place for kids and teens to learn and grow. Clubs offer caring adult mentors, fun and friendship, and high-impact youth development programs on a daily basis during critical non-school hours. Boys & Girls Clubs programming promotes academic success, good character and leadership, and healthy lifestyles. More than 4,900 Clubs serve over 4.3 million young people through Club membership and community outreach. Clubs are located in cities, towns, public housing and on Native lands throughout the country, and serve military families in BGCA-affiliated Youth Centers on U.S. military installations worldwide. National headquarters are located in Atlanta. Learn more about Boys & Girls Clubs of America on Facebook and Twitter.
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SOURCE Boys & Girls Clubs of America | https://www.kxii.com/prnewswire/2022/08/30/state-youth-today-boys-amp-girls-clubs-americas-youth-right-now-survey-provides-insights-mental-wellness-learning-social-impacts-kids-teens-today/ | 2022-08-30T11:52:27Z |
VANCOUVER, BC, Aug. 30, 2022 /PRNewswire/ - Megawatt Lithium and Battery Metals Corp. (CSE:MEGA) (FSE: WR20) (OTCQB: WALRF) (the " Company" or "Megawatt") has received the final results report from the drone magnetic survey at its Tyr Project in New South Wales, Australia (Figure One). The tenement covers 100 units over an area of 299 km2.
A drone magnetics survey was completed by independent contractor AirGeoX in mid-July 2022 over an area covering the old Burra and Torny Silver workings. The survey totalled 123-line km was flown at a height of 35m over a 20m-by-20m grid pattern.
Mapping and rock chip sampling over the survey area prior to the magnetics survey showed geochemical dispersion on the surface associated with base metal mineralisation in and around both of the old silver workings.
The base metal mineralisation is polymetallic in nature and the mineralisation is formed in multiple vein arrays believed to be mostly parallel to sub-parallel to the main controlling structure at each specific location.
The predominantly silver lead zinc base metal mineralisation is believed to be structurally controlled and associated with three main structures whose orientations are NW, SE and EW. It has been postulated that at the intersection of at least two, and sometimes all three of these structures, a loci were formed for the accumulation of significant mineralisation.
Highlights of Megawatt's 2020 and 2021 sampling programs of for both the Torny and Burra Prospects include the following assay results:
The Torny Prospect has minor copper mineralisation associated with the silver-lead-zinc as well as significant antimony (Sb).
The Burra Prospect has higher copper and zinc than Torny but less lead and negligible antimony.
The data used in the above sample results were derived from recent grab sampling of old workings where both mineralised looking and non-mineralised looking material were selected based on the overall degree of representation of each type of material on the old dumps.
Mapping of the area suggested that the surface expression of these structures could not previously be traced continuously between old workings and were possibly masked by surface erosional features and that therefore a method was required to test the continuity of these structures, and potential base metal mineralisation, subsurface.
Historical records from the old workings across the Tyr Project Area mentioned the close association of large bodies of pyrrhotite juxtaposed with the base metal mineralisation. Large blocks of pyrrhotite weighing several kg have been found in recent field work around the shafts of the old workings within the Tyr Project.
Pyrrhotite, an iron sulphide mineral (FeS2), is magnetic in nature and a magnetics survey was planned in order to delineate how much pyrrhotite exists sub surface and therefore giving an indication of the potential base metal mineralisation associated with the pyrrhotite.
The results of the survey are shown below in Figure Three which is the Total Magnetic Image (TMI) Reduced to Pole (RTP) processed from the data collected by the drone survey.
Target Areas 1 and 2 incorporate the old Torny and Burra silver workings with Target Area 3 likely to extend in a north easterly direction beyond the survey area. Target Areas 2 and 3 appear to follow NW trending structures whilst Target Area 1 appears to align with an EW structure.
These three target areas will now form the basis of a confirmatory/exploratory drilling programme designed to intersect potential base metal mineralisation spatially associated with the magnetic highs in each of the target areas believed to be significant accumulations of pyrrhotite.
Target Areas 1 and 2 have been mapped and sampled on the surface due to their proximity to the old Burra and Torny silver workings respectively, however, Target Area 3 will need mapping and sampling on the surface both within the survey area and extending out in a north easterly direction.
Mapping of the Tyr Project Area has shown that the host for mineralisation are metasediments, mainly silicified siltstones, that have a subvertical to vertical dip (75o to 90o) that varies along main structures from steeply easterly dipping through vertical dipping to steeply westerly dipping.
The next stage for the evaluation of the target areas from the Tyr Magnetics Survey are:
- Complete mapping and sampling on the surface coincident with Target Area 3 in order to derive structural and orientation data to be used in drillhole planning.
- Design drilling programme to intersect base metal mineralisation spatially associated with the magnetic highs in the 3 Target Areas believed to represent accumulations of pyrrhotite.
Megawatt is also now currently reviewing the suitability of utilising magnetics and/or radiometrics surveys over its other Australian exploration tenements.
Mr. Geoffrey Reed (MAusMM (CP)) (MAIG), Consultant for the Company, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure or Mineral Projects and has reviewed the scientific and technical information in this press release.
All scientific and technical information in this news release has been prepared by Mr Matthew Stephens (FAIG), Consultant to the Company and a qualified person as defined by National Instrument 43-101 and approved by Geoffrey Reed, (MAusMM (CP)) (MAIG), Consultant for the Company. Mr. Reed is a qualified person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
MegaWatt is a British Columbia based company involved in the acquisition and exploration of mineral properties in Canada. The Company holds a 100% undivided interest, subject to a 1.5% NSR on all base, rare earth elements and precious metals, in the Cobalt Hill Property, consisting of eight mineral claims covering an area of approximately 1,727.43 hectares located in the Trail Creek Mining Division in the Province of British Columbia, Canada.
Additionally, the Company has acquired an 80% interest in a company that indirectly holds a 100% interest (subject to a 2% NSR) in two prospective silver-zinc projects in Australia, being the Tyr Silver Project and the Century South Silver-Zinc Project (see press release dated August 13, 2020), an indirect 100% interest (subject to a 1% NSR) in and to certain mining tenements in Northern Territory and New South Wales, Australia prospective for nickel-cobalt-scandium and rare earth elements.
The Company holds a 100% interest (subject to a 2% NSR) in and to the Route 381 Lithium Property, comprised of 40 mineral claims located in James Bay Territory, north of Matagami in the Province of Quebec, covering 2,126 hectares (see press release dated February 3, 2021) and a 100% interest in 229 additional mineral exploration claims prospective for lithium, also in the James Bay area of Quebec covering an area of 12,116 hectares or 121 square kms.
Investors can learn more about the Company and team at https://megawattmetals.com.
The CSE does not accept responsibility for the adequacy or accuracy of this release. This press release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements may include but are not limited to, statements relating to the trading of the Company's common shares on the Exchange and the Company's use of proceeds and are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward- looking statements. Such forward-looking statements represent management's best judgment based on information currently available. No securities regulatory authority has either approved or disapproved of the contents of this news release.
Related Links
https://megawattmetals.com
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SOURCE MegaWatt Lithium and Battery Metals Corp. | https://www.wibw.com/prnewswire/2022/08/30/encouraging-magnetic-survey-results-tyr-property-australia/ | 2022-08-30T12:51:40Z |
Saturday forecast: Morning storms, dry afternoon, evening storms
Turning very hot by tomorrow
TOPEKA, Kan. (WIBW) - An area of rain is pushing east for areas north of I-70. Lightning and locally heavy rain will be the primary hazard although a few strong storms could produce 40-50 mph wind gusts and small hail. Once the rain push out of the area, it will depend on how the atmosphere recovers for the risk of storms to develop between 5-7pm and the risk severe weather could occur. After today’s storm risk, extreme heat will be the focus Sunday through the middle part of next week.
Taking Action:
- Storms will impact areas mainly north of I-70 this morning with redevelopment sometime between 5pm-7pm. Uncertainty exists on specifically when storms will develop and where so make sure you’re keeping an eye on the sky and radar during this time. Severe storms can’t be ruled out this evening so make sure you have ways to receive warnings and have a plan to seek shelter if you’re going to be outside this evening. This will not be widespread so there will be several spots that are dry and won’t be impacted by anything.
- Get ready for summer-like heat Sunday through Wednesday. Heat indices will be around 100-104 for the max temperatures across northeast Kansas. Make sure you’re prepared and adjust your outdoor activities accordingly. Keep your pets in mind as well.
The record highs in Topeka Sunday through Thursday are as followed 101, 97, 98,98,99.
Today: Scattered showers/storms mainly north of I-70 this morning, mostly sunny this afternoon. Highs in the upper 80s to mid 90s. Winds S 5-15, gusts up to 25 mph.
Tonight: Scattered showers/storms, highest risk of severe weather between 6pm-10pm. Lows in the upper 60s-low 70s. Winds S 5-10 mph.
Tomorrow: Mostly Sunny. Can’t completely rule out a pop up shower/storm late. Highs in the mid-upper 90s. Winds S/SW 5-15, gusts up to 25 mph.
Lows stay warm especially for September standards to begin the week so make sure you have a way to stay cool at night just as you would during the day.
As has been the case the last several model runs, models still disagree on when a cold front pushes through. One model has the front pushing through Wednesday while the other model has it pushing through Thursday. This is leading to low confidence on the temperature forecast especially for these two days. There also remains differences in the models on temperatures Friday and Saturday so don’t be surprised if big changes occur to the forecast in the coming days.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/09/17/saturday-forecast-morning-storms-dry-afternoon-evening-storms/ | 2022-09-17T12:36:27Z |
NEWPORT BEACH, Calif., July 27, 2022 /PRNewswire/ -- Since 1996, Succession Capital Alliance (SCA) President and CEO, Julian Movsesian, has been an innovator and leader in the Life Insurance Industry. As the creator of Premium Financing Life Insurance, Movsesian has led SCA alongside his Executive Vice President, Michael Rothman to achieve the major milestone of placing over $54 billion of life insurance.
Today, SCA is excited to announce the onboarding of key leadership team member, Danielle C. Williamson, as Chief Operating Officer. A seasoned insurance professional in the Property & Casualty space, Williamson has spent the past 15 years working with carriers, wholesalers and independent agents nationwide. Most recently serving as Senior Vice President of Operations at Amwins, a leading global specialty insurance distributor, her diverse background includes leadership roles across business operations, digital strategy, marketing, and premium accounting.
In her position at SCA, Williamson will be responsible for strategic development, technology and day-to-day operations as the firm positions itself for significant growth throughout the U.S.
"It is an exciting time to steer growth for the organization alongside an incredible team," said Williamson. "SCA has a deep and well-respected tenure of maximizing the value of insurance assets for their clients and I look forward to building upon an extraordinary foundation with key clients and partners."
"Danielle joining our team is a huge step in the right direction, as we gear up to take Succession Capital Alliance to a whole new level," stated Movsesian. "As the largest, longest running, and most respected Premium Financing program in the industry, we are excited to continue to grow our firm and be a leader in this space."
Succession Capital, headquartered in Newport Beach, CA, is the gold standard in advanced life insurance planning for advisors and their high-net-worth clients. With a singular focus on maximizing the performance of life insurance assets through Premium Financing, SCA leverages the Capital Maximization Strategy to provide leverage within a client's portfolio.
For additional information on CMS - Succession Capital Alliance, please visit www.SuccessionCapital.com, https://www.linkedin.com/company/succession-capital-alliance, or call 949-794-1882
Contact: Adrina Movsesian, Marketing Director
Phone: 949-527-3222
Email: amovsesian@successioncapital.com
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SOURCE Succession Capital Alliance | https://www.kxii.com/prnewswire/2022/07/27/life-insurance-leader-succession-capital-alliance-gears-up-major-growth/ | 2022-07-27T15:42:14Z |
Study finds Kansas home to two of nation’s best cities to start a business in
TOPEKA, Kan. (WIBW) - Kansas is home to two of the nation’s best large cities to start a business in according to a recent study.
With National Small Business Week coming to a close, WalletHub.com says it released its report on 2022′s Best Large Cities to Start a Business.
In order to find which cities are best for aspiring entrepreneurs, WalletHub said it compared 100 of the U.S.’s largest cities across data sets which range from 5-year business survival rates, the percentage of vaccinated residents to office-space affordability.
Kansas was home to two of those cities.
The study ranks Kansas City at 40 overall with a total score of 50.24, a Business Environment rank of 79, an Access to Resources rank of 47, and a Business Costs rank of 9. Wichita came in at 76th overall with a total score of 46.84, a Business Environment rank of 98, an Access to Resources rank of 21 and a Business Costs rank of 14.
Wichita was also found to be home to the third-cheapest expensive office spaces in the nation.
The best cities to start a business in include:
- Orlando, Florida
- Miami, Florida
- Laredo, Texas
- Durham, North Carolina
- Boise, Idaho
- Denver, Colorado
- Jacksonville, Florida
- Raleigh, North Carolina
- Colorado Springs, Colorado
- Tampa, Florida
The worst cities to start a business in include:
- Washington, D.C.
- Corpus Christi, Texas
- Chesapeake, Virginia
- Detroit, Michigan
- Pittsburgh, Pennsylvania
- Fremont, California
- Cleveland, Ohio
- Bakersfield, California
- Baltimore, Maryland
- Chula Vista, California
For more information or to see where other cities fall, click HERE.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/05/06/study-finds-kansas-home-two-nations-best-cities-start-business/ | 2022-05-06T18:34:30Z |
JAKARTA, Indonesia, July 1, 2022 /PRNewswire/ -- First in Indonesia, Alam Hijau Anagata (AHA) launched an eco-friendly crypto token called AHA Token. Launched in December 2021, AHA Token aims to become Indonesia's largest and most trusted contributor to carbon dioxide (CO2) reduction, by supporting the development of green energy projects. AHA Token will collaborate with Indonesian relevant stakeholders to achieve the mixed energy target of containing 23% of renewable energy by 2025, in line with the government's mission.
In the early stages, the Solar PV and Carbon Trade Platform projects will be AHA Token's main focus. Now is the right momentum, considering the ongoing growth of solar roof panels' usage in Indonesia. By August 2021, the number of Solar Power Plant (PLTS) users had reached 4,133, almost double from 2,346 customers in the previous year. The Indonesian Solar Energy Association (ISEA) estimates that PV mini-grid capacity could reach 1,000 MW next year and rise between 3,000 MW and 5,000 MW per year starting in 2025, so the impact on reducing tons of CO2 emission is huge.
AHA Token Contribution to Environmental Contribution
AHA's take on the green investment concept is expected to make waves, especially since the public has towering concern over deteriorating environmental conditions. Unlike other tokens that are mined with high energy consumption, AHA Token relies on a decentralized yield-generation utility eco-token system based on Binance Smart Chain (BSC) technology, thus providing safe and profitable transactions for all investors. This token is also the first in Indonesia to provide staking and dividends as a return on investment for all active holders.
"AHA Token's utilization is divided into three main functions, namely investment, transaction, and donation. We want to embrace people who share our green mindset and want to contribute to reducing global carbon emissions. AHA Token serves as a reward for their actions. Not only positioning it as a crypto, we also plan to launch gamification in the AHA ecosystem that supports tree-planting programs across Indonesia," said Aswin Regawa, CEO of AHA Token.
AHA Token is committed to bolstering Indonesia's transition into green energy and contributing to projects related to green energy in the country, such as water and air treatment, carbon trading, as well as other projects with unique business value. Furthermore, AHA Token will also promote various global green projects with sustainable economic value in the future, starting from Indonesia.
To achieve this vision, AHA Token has started carrying out reforestation and environmental preservation efforts. They started with the planting of mangroves in Serangan in February 2022, 1,000 mangroves in Buleleng in March 2022, and 1,200 mangroves at Telaga Waja Beach, Tanjung Benoa, in April 2022. This series of activities aims to raise awareness about the importance of maintaining life and earth sustainability.
For investors, AHA Token has appealing advantages, one of which is that the token has been linked to USDT, for a more efficient distribution process, as well as a more stable price. In addition, the process of buying and selling tokens is also safer, easier and confidential, because it is connected to a decentralized system. The AHA Token has now entered the Pre-Sale stage.
About AHA Token
AHA Token is an eco-friendly token issued by Anagata Green Nature. First launched in December 2021, AHA Token's vision is to become Indonesia's largest and most trusted contributor to carbon dioxide (CO2) reduction, by supporting the development of green energy projects, both at home and abroad. AHA Token uses a decentralized yield-generation utility eco-token system based on Binance Smart Chain (BSC) technology, thus providing transactions that are more secure and environmentally friendly. Learn more here! You can also join Telegram and AHA Token Instagram to get more information about green lifestyle!
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SOURCE Token AHA | https://www.mysuncoast.com/prnewswire/2022/07/01/aha-token-indonesias-first-environmentally-friendly-token-that-supports-green-sustainable-development/ | 2022-07-01T14:51:45Z |
HUNTSVILLE, Ala., Sept. 6, 2022 /PRNewswire/ -- Joy Beland, an industry thought leader for CMMC, NIST 800-171, and Managed Services for the Defense Industrial Base, has been added to the growing list of industry experts that make up the Summit 7 team. The addition of Mrs. Beland follows the organization's announcement of winning 2022 Microsoft US Compliance Partner of the Year, as well as its achievement of being named to the Inc. 5000. Joy Beland will be responsible for driving Summit 7's business partnerships and strategically developing the next phase of the company's partner ecosystem. Additionally, Joy will lead and oversee Summit 7's cybersecurity education programs for existing and potential customers.
When asked about the addition to the team, Scott Edwards, CEO of Summit 7, stated "We have watched Joy deliver technical expertise and training to the CMMC ecosystem in light of the shifting CMMC timelines. Her ability to clearly articulate how DoD contractors should and should not be pursuing security and compliance measures inherently compliment the nature of Summit 7's strategy: maintaining our position as the first line of defense for the Defense Industrial Base."
Joy has served as Senior Cybersecurity Consultant and Professional Instructor at Edwards Performance Solutions, actively participating on the cybersecurity team as a Provisional Assessor while overseeing the curriculum development and live-instructor training for the Cyber-AB-Approved CCP and CCA certification courses as a Provisional Instructor. Joy has gained national recognition as a thought leader and champion for cybersecurity-focused organizations. Mrs. Beland has also gained worldwide attention for her full day bootcamp focused on cybersecurity fundamentals delivered to over 3,000 MSPs.
When asked about her new role, Beland stated "I have seen Summit 7 deliver sound and accurate expertise to the DoD supply chain for years and am ecstatic at the opportunity to continue the mission here. I look forward to establishing a relational partner ecosystem for both Summit 7 and our current and future partners. It is an honor to join the Summit 7 family!"
The addition of high caliber individuals such as Beland continues to support Summit 7's stance as not only the go-to-provider for small to medium aerospace and defense contractors, but the number one Managed Service (MSP) and Managed Security Service Provider (MSSP) for the DoD supply chain.
Summit 7 is a national leader in cybersecurity and compliance for the Aerospace and Defense industry and corporate enterprises. Summit 7's Microsoft Cloud solutions have led the way in meeting compliance regulations for the DIB regarding CMMC, DFARS, NIST 800-171, ITAR, and CUI. Summit 7 is privately held and headquartered in Huntsville, Alabama.
https://www.summit7.us/
cmmc.video
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SOURCE Summit 7 Systems | https://www.mysuncoast.com/prnewswire/2022/09/06/summit-7-adds-vice-president-partner-strategy-cybersecurity-education/ | 2022-09-06T14:41:51Z |
Thieves make off with 20 freight containers with gold and silver ore from Mexican port
Published: Jun. 14, 2022 at 9:16 PM EDT|Updated: 19 minutes ago
MEXICO CITY (AP) - The Mexican Employers Federation says thieves broke into a freight storage area at the Pacific coast seaport of Manzanillo and stole 20 freight containers loaded with partly refined gold and silver ore and television sets.
The head of the federation said Monday that the large-scale robbery last week was a sign of growing crime in Mexico.
The state of Colima, where Manzanillo is located, has not officially commented on the June 5 robbery.
Prosecutors and police in Colima have had a more pressing problem on their hands, with residents blocking roads to protest kidnapping and killings.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/06/15/thieves-make-off-with-20-freight-containers-with-gold-silver-ore-mexican-port/ | 2022-06-15T01:36:45Z |
TakeAim Lymphoma data for the combination of emavusertib plus ibrutinib show tumor reduction in 8 of 9 evaluable patients, including 2 complete responses and 2 partial responses
Potential for overcoming ibrutinib resistance demonstrated with a complete response in a patient who had prior treatment with ibrutinib
TakeAim Leukemia data, top-line data previously released in January, highlight emavusertib's single-agent activity in heavily pretreated AML and HR-MDS patients
LEXINGTON, Mass., June 4, 2022 /PRNewswire/ -- Curis, Inc. (NASDAQ: CRIS), a biotechnology company focused on the development of innovative therapeutics for the treatment of cancer, today announced the presentation of encouraging clinical data from both the TakeAim Lymphoma and TakeAim Leukemia studies at the 2022 American Society of Clinical Oncology (ASCO) Annual Meeting currently taking place in Chicago and online until June 7, 2022.
"We are excited to share data with the oncology community from our TakeAim Lymphoma and TakeAim Leukemia studies at ASCO, including the first release of clinical data investigating the use of emavusertib in combination with ibrutinib in patients with Non-Hodgkin's Lymphoma," said James Dentzer, President and Chief Executive Officer of Curis. "These data demonstrate encouraging signs of anti-cancer activity, including a complete response in a primary CNS lymphoma patient who had prior treatment with ibrutinib. We also presented a poster with data from the TakeAim Leukemia study, previously disclosed in a January 2022 press release, demonstrating emavusertib's encouraging monotherapy activity in patients with relapsed or refractory (R/R) acute myeloid leukemia (AML) or high-risk myelodysplastic syndrome (MDS)."
"In addition to the data from Curis's studies, there are presentations at the meeting this year by our collaborators at Washington University and the University of Florida, which help more fully explore emavusertib's use in tumor types outside of the company's current focus in hematologic malignancies," said Robert Martell, M.D., Ph.D., Head of Research and Development.
TakeAim Lymphoma:
The TakeAim Lymphoma study is a Phase 1/2 open-label, dose escalation, dose expansion clinical trial investigating emavusertib as monotherapy and in combination with ibrutinib in patients with R/R hematologic malignancies, such as non-Hodgkins's lymphoma and other B cell malignancies. The poster presentation (#7575) made by Dr. Grzegorz Nowakowski, Division of Hematology, Mayo Clinic-Minnesota, today at ASCO includes clinical data from a May 6, 2022 data cutoff, on 13 patients who received the combination, 9 of whom had post-baseline response assessments and were evaluable for response.
Key findings in patients treated with the combination included:
- The combination appeared to be well tolerated
- No dose-limiting toxicities (DLTs) at 200mg of emavusertib; 2 DLTs observed at 300mg (stomatitis and syncope)
- 8 of 9 evaluable patients experienced reduction in tumor burden, including:
- One of the CRs was in a patient who had received prior treatment with ibrutinib, suggesting that the combination may be able to overcome ibrutinib resistance
Next steps for the TakeAim Lymphoma study include further dose expansion in order to determine the Recommended Phase 2 Dose for the combination.
TakeAim Leukemia:
The TakeAim Leukemia study is a Phase 1/2 dose escalation and dose expansion study examining emavusertib use as both monotherapy and in combination with azacitidine or venetoclax in patients with R/R AML or high risk MDS. The poster presentation (#7016) made by Dr. Guillermo Garcia-Manero, Chief of the Section of Myelodysplastic Syndromes within the Department of Leukemia at The University of Texas MD Anderson Cancer Center, today at ASCO, include clinical data from a December 16, 2021 data cutoff for the 49 patients who had been treated with emavusertib in monotherapy as of that date.
Key safety findings included:
- Emavusertib was well-tolerated across multiple dose levels, including at the Recommended Phase 2 Dose of 300 mg BID
- No dose-limiting myelosuppression observed
- No cumulative toxicities observed
These attributes of emavusertib's emerging safety profile may provide an advantage compared to current standard of care therapies in monotherapy and may also make emavusertib an attractive candidate for addition to combination therapy regimens.
Key tumor assessment findings included:
Collaborator Studies:
- In patients with spliceosome-mutated R/R AML:
- In patients with spliceosome-mutated R/R MDS:
- In patients with FLT3-mutated R/R AML:
Being presented today (#TPS4168) is work in gastric cancer by Dr. Kian-Huat Lim's team at Washington University School of Medicine. Based on compelling preclinical work, Dr. Lim and his team have developed a clinical study exploring combination of emavusertib (CA-4948) in combination with FOLFOX chemotherapy plus nivolumab or pembrolizumab. Preclinically, it has been established that chemotherapy resistance can be driven by TLR9 activation and IRAK4 dependent activation of pro-survival NF-kB signaling. Inhibition of IRAK4 has been shown to block this signaling, and to reduce tumor desmoplasia along with revitalization of intratumoral T-cells, setting the stage for combination with immune checkpoint inhibitors. This study is active, but not yet recruiting.
Being presented tomorrow (#2011), June 5, is preclinical work from Dr. Duane Mitchell's team at the University of Florida, which investigated emavusertib (CA-4948) in melanoma brain metastasis where IRAK4-dependent signaling is known to be high. Emavusertib exposure in the brain and in brain tumors achieved therapeutically relevant levels, resulted in substantial reduction of B16.F10 tumor volume and prolonged survival of the mice.
About Emavusertib (CA-4948)
Emavusertib is an IRAK4 kinase inhibitor and IRAK4 plays an essential role in the toll-like receptor (TLR) and interleukin-1 receptor (IL-1R) signaling pathways, which are frequently dysregulated in patients with cancer. TLRs and the IL-1R family signal through the adaptor protein MYD88, which results in the assembly and activation of IRAK4, initiating a signaling cascade that induces cytokine and survival factor expression mediated by the NF-κB protein complex. Additionally, third parties have recently discovered that the long form of IRAK4 (IRAK4-L) is oncogenic and preferentially expressed in over half of patients with AML and MDS. The overexpression of IRAK4-L is believed to be driven by a variety of factors, including specific spliceosome mutation such as SF3B1 and U2AF1. In addition to inhibiting IRAK4, emavusertib was also designed to inhibit FLT3, a known oncologic driver, which may provide additional benefit in patients with AML and MDS.
About Curis, Inc.
Curis is a biotechnology company focused on the development of innovative therapeutics for the treatment of cancer. In 2015, Curis entered into a collaboration with Aurigene in the areas of immuno-oncology and precision oncology. As part of this collaboration, Curis has exclusive licenses to oral small molecule antagonists of immune checkpoints including the VISTA/PDL1 antagonist CA-170, and the TIM3/PDL1 antagonist CA-327, as well as the IRAK4 kinase inhibitor, emavusertib (CA-4948). Emavusertib is currently undergoing testing in the Phase 1/2 TakeAim Lymphoma trial, in patients with hematologic malignancies, such as non-Hodgkins lymphoma and other B cell malignancies, both as a monotherapy and in combination with BTK inhibitor ibrutinib, and the Phase 1/2 TakeAim Leukemia trial in patients with acute myeloid leukemia and myelodysplastic syndrome, for which it has received Orphan Drug Designation from the U.S. Food and Drug Administration. The FDA has placed a partial clinical hold on the TakeAim Leukemia and TakeAim Lymphoma trials during which no new patients will be enrolled, and current study participants benefiting from treatment may continue to be treated with emavusertib at doses of 300mg BID or lower. In addition, Curis is engaged in a collaboration with ImmuNext for development of CI-8993, a monoclonal anti-VISTA antibody, which is currently undergoing testing in a Phase 1 trial in patients with solid tumors. Curis is also party to a collaboration with Genentech, a member of the Roche Group, under which Genentech and Roche are commercializing Erivedge® for the treatment of advanced basal cell carcinoma.
For more information, visit Curis's website at www.curis.com.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including, without limitation, any statements with respect to Curis's plans, strategies, objectives or financial results; statements concerning product research, development, clinical trials and studies and commercialization plans, timelines, anticipated results or the therapeutic potential of drug candidates including any statements regarding the initiation, progression, expansion, use, efficacy, dosage and potential benefits of CA-4948 in clinical trials as a monotherapy and/or as a combination therapy, the progression, use and potential benefits of CI-8993, Curis's plans and timelines to provide preliminary, interim and/or additional data from its ongoing or planned clinical trials, any statements concerning Curis's expectations regarding its interactions with the FDA or its ability to resolve the partial clinical hold of the TakeAim Leukemia study or the partial clinical hold of the TakeAim Lymphoma study, and statements with respect to mutations or potential biomarkers; and statements of assumptions underlying any of the foregoing. Forward-looking statements may contain the words "believes," "expects," "anticipates," "plans," "intends," "seeks," "estimates," "assumes," "predicts," "projects," "targets," "will," "may," "would," "could," "should," "continue," "potential," "focus," "strategy," "mission," or similar expressions. These forward-looking statements are not guarantees of future performance and involve risks, uncertainties, assumptions and other important factors that may cause actual results to be materially different from those indicated by such forward-looking statements. For example, the FDA may not remove the partial clinical hold on the Phase 1/2 TakeAim Leukemia trial or the partial clinical hold on the Phase 1/2 TakeAim Lymphoma trial, or may take further regulatory action with regard to such trials; Curis may experience adverse results, delays and/or failures in its drug development programs and may not be able to successfully advance the development of its drug candidates in the time frames it projects, if at all. Curis's drug candidates may cause unexpected toxicities, fail to demonstrate sufficient safety and efficacy in clinical studies and/or may never achieve the requisite regulatory approvals needed for commercialization. Favorable results seen in preclinical studies and early clinical trials of Curis's drug candidates may not be replicated in later trials. There can be no guarantee that the collaboration agreements with Aurigene and ImmuNext will continue for their full terms, or the CRADA with NCI, that Curis or its collaborators will each maintain the financial and other resources necessary to continue financing its portion of the research, development and commercialization costs, or that the parties will successfully discover, develop or commercialize drug candidates under the collaboration. Regulatory authorities may determine to delay or restrict Genentech's and/or Roche's ability to continue to develop or commercialize Erivedge in BCC. Erivedge may not demonstrate sufficient or any activity to merit its further development in disease indications other than BCC. Competing drugs may be developed that are superior to Erivedge. In connection with its agreement with Oberland Capital, Curis faces risks relating to the transfer and encumbrance of certain royalty and royalty-related payments on commercial sales of Erivedge, including the risk that, in the event of a default by Curis or its wholly-owned subsidiary, Curis could lose all retained rights to future royalty and royalty-related payments, Curis could be required to repurchase such future royalty and royalty-related payments at a price that is a multiple of the payments it has received, and its ability to enter into future arrangements may be inhibited, all of which could have a material adverse effect on its business, financial condition and stock price. Curis will require substantial additional capital to fund its business. If it is not able to obtain sufficient funding, it will be forced to delay, reduce in scope or eliminate some of its research and development programs, including related clinical trials and operating expenses, potentially delaying the time to market for, or preventing the marketing of, any of its product candidates, which could adversely affect its business prospects and its ability to continue operations, and would have a negative impact on its financial condition and its ability to pursue its business strategies. Curis faces substantial competition. Curis and its collaborators face the risk of potential adverse decisions made by the FDA and other regulatory authorities, investigational review boards, and publication review bodies. Curis may not obtain or maintain necessary patent protection and could become involved in expensive and time-consuming patent litigation and interference proceedings. Unstable market and economic conditions, natural disasters, public health crises, political crises and other events outside of Curis's control could significantly disrupt its operations or the operations of third parties on which Curis depends and could adversely impact Curis's operating results and its ability to raise capital. For example, the COVID-19 pandemic may result in closures of third-party facilities, impact enrollment in clinical trials or impact sales of Erivedge by Genentech and/or Roche. The extent to which the COVID-19 pandemic may impact Curis's business or operating results is uncertain. Other important factors that may cause or contribute to actual results being materially different from those indicated by forward-looking statements include the factors set forth under the captions "Risk Factor Summary" and "Risk Factors" in our most recent Form 10-K and Form 10-Q, and the factors that are discussed in other filings that we periodically make with the Securities and Exchange Commission ("SEC"). In addition, any forward-looking statements represent the views of Curis only as of today and should not be relied upon as representing Curis's views as of any subsequent date. Curis disclaims any intention or obligation to update any of the forward-looking statements after the date of this press release whether as a result of new information, future events or otherwise, except as may be required by law.
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SOURCE Curis, Inc. | https://www.mysuncoast.com/prnewswire/2022/06/04/curis-announces-encouraging-emavusertib-data-2022-american-society-clinical-oncology-annual-meeting-asco/ | 2022-06-04T13:25:36Z |
Hiring might have slipped last month to a still-strong level
Published: Jun. 2, 2022 at 11:24 PM CDT|Updated: 11 minutes ago
WASHINGTON (AP) — After months of robust hiring, U.S. employers might have pulled back slightly in May, to levels that would still be consistent with a healthy job market, despite high inflation and rising borrowing costs.
Economists have estimated that the nation added a solid 325,000 jobs last month, down from 428,000 in both March and April.
If so, that would snap a record-breaking streak of 12 straight months in which job growth had topped 400,000. The unemployment rate is expected to slip to 3.5% — matching a half-century low — from 3.6%.
The May jobs report the government will issue Friday coincides with inflation near a four-decade high.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/06/03/hiring-might-have-slipped-last-month-still-strong-level/ | 2022-06-03T04:37:12Z |
Six new species of miniature frog have been discovered in Mexico
By Zoe Sottile, CNN
They’re tiny, adorable and endangered: Six new species of miniature frog have been discovered in Mexico by researchers from the University of Cambridge, London’s Natural History Museum and the University of Texas at Arlington.
At just 15 mm long when fully grown, all six species are smaller than a penny (around 19 mm in diameter), according to a news release from the University of Cambridge.
“Until now these new species have gone unnoticed because they’re small and brown and look really similar to other frogs,” Tom Jameson, a researcher at the university’s Department of Zoology and University Museum of Zoology, said in the release.
The newly-discovered frogs, who make their homes in the leaf litter of Mexico’s forest floors, are still a source of mystery, according to Jameson. Researchers are in the dark about many details of their behavior and social lives.
One unique detail scientists do know is that they are “direct-developing” frogs. Most frogs hatch from eggs into tadpoles before becoming frogs as adults, but these species emerge from eggs as “perfect miniature frogs,” according to the release.
The tiny species live in equally tiny habitats, like a specific hillside, making the frogs especially threatened by habitat loss, the release said. The research team is working with NGOs and the Mexican government on conservation efforts.
But, their small size doesn’t reflect the frogs’ role in the ecosystem. “With millions of these frogs living in the leaf litter, we think they’re likely to play a hugely important role in the ecosystem as a source of food for everything else, from lizards to predatory birds,” said Jameson.
The new species were named Craugastor bitonium, Craugastor candelariensis, Craugastor cueyatl, Craugastor polaclavus, Craugastor portilloensis and Craugastor rubinus.
Jameson is particularly proud of the name cueyatl, which was chosen “to honor the rich human history of the Valley of Mexico, and the local people who have probably known these frogs far longer than we have,” he said in the release.
The study on the frogs, published in “Herpetological Monographs” on April 4, required a painstaking hours-long investigation to distinguish the new species from another, very similar species from the Craugastor group.
The research team used DNA sequencing and 3D models of the frogs’ skeletons based on CT scans to compare minute details between the species, according to the release.
And the researchers hope that there are even more species of tiny frog yet to be identified.
“Despite this progress, we suspect that additional species await discovery, particularly in western Mexico and east of the Isthmus of Tehuantepec,” the scientists wrote in the study.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/2022/05/08/six-new-species-of-miniature-frog-have-been-discovered-in-mexico/ | 2022-05-08T22:16:00Z |
NEW YORK (AP) — Glamour was back Monday at the Emmys with some metallic sparkle and lots of bright color as an otherworldly Britt Lower, Old Hollywood Elle Fanning and their fellow stars walked the gold carpet in sticky Los Angeles humidity.
Lower, from “Severance,” donned a Venetian beaded gown in gold with matching elbow-length gloves. There were cut outs up top and thin embellished straps.
“It felt like I wanted to wear outer space. I have an appreciation for fabrics, my mom was a home economics teacher. I feel great in it,” Lower told The Associated Press.
There were plenty of figure-hugging looks and Old Hollywood glam. Connie Britton was in goddess gown by Monique Lhuillier in a soft pink, a cape like effect at the back. Elle Fanning wanted to honor the creatives on her show, “Catherine,” so she wore a black and pink gown embellished at the chest designed by Sharon Long. Fanning’s hair was in a pulled-back bob.
“I’ve always been inspired by the Old Hollywood glam of the ’50s,” said Fanning, a first-time nominee.
Laverne Cox and Himesh Patel helped kick off the parade of fashion, she in a bold black armor-esque Jean Paul Gaultier Couture mini and he in a white print tuxedo jacket, eschewing the usual evening black. Royal blue on Sarah Thompson (a “Yellowjackets” writer), marigold yellow and more — bright color was a strong starter of the night.
“I’m quite warm, I’m in a three-piece suit. I love this suit, but I wasn’t expecting the heat,” Patel said.
Natasha Rothwell of “The White Lotus” chose red for a gown with balloon short sleeves and a hot commodity on fashion carpets — pockets! Megan Stalter also went for red in a sheer dress that celebrated her curves. Jen Tullock of “Severance” was in the red zone, a thigh high slit and structured sleeve number by Thierry Mugler, worn with drop pearl earrings.
“I’m such a fan of his line. It’s elegant but still has a sense of humor,” Tullock said.
Stalter, from “Hacks, was in burned out velvet by Norma Kamali. She had a faux red rose pinned between her breasts.
“It took my breath away and my words. It’s kind of a sexy dress. It’s wild like me,” she said.
Mark Indelicato was in the red club, sort of. Indelicato’s hair was bright red and his black tux sported long split tails like a train. And the men? Phil Dunster of “Ted Lasso” went for burgundy tux with black lapels, though his Lasso co-star Brett Goldstein and lots of other men stayed with black.
Emily Heller, meanwhile, went in a different direction. She had a “Kick Me” sign on the back of her short floral dress, and a bit of toilet paper stuck to one shoe.
___
Associated Press writer Beth Harris in Los Angeles contributed to this story. | https://cw33.com/entertainment-news/ap-entertainment/ap-elle-fanning-old-hollywood-for-emmys-others-in-red-zone/ | 2022-09-12T23:47:05Z |
Fire spreads to 5 homes, 16 families displaced
By WBZ Staff
Click here for updates on this story
LAWRENCE, Massachusetts (WBZ) — Multiple triple-decker homes caught fire on Crosby Street in Lawrence Friday night. Sixteen families were displaced.
Fire departments from several towns responded as strong winds fueled the six-alarm fire.
Investigators believe the fire started on a back porch and spread to at least five buildings, melting the siding off of others nearby.
“There was a lot of fire and these are three-deckers, they’re 100-year-old buildings, balloon frame structure, which means no fire stops,” said Lawrence Fire Chief Brian Moriarty. “It’s windy, extremely close together, they’re houses I can’t walk between, they’re that close together.”
No one was injured. The families were brought to a nearby senior center for shelter.
Please note: This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform. | https://localnews8.com/cnn-regional/2022/04/16/fire-spreads-to-5-homes-16-families-displaced/ | 2022-04-16T21:10:38Z |
DALLAS (KDAF) — Immerse yourself in the art experience that is Frida Kahlo to learn about her life, love and art.
Kahlo’s paintings take over Lighthouse Artspace Dallas in a new immersive art exhibit. Inside DFW is taking you on an inside look at an unforgettable experience. The work of Mexican-born artist, Frida Kahlo is a 360-degree immersive art experience.
It’s brought to North Texas by the same people who put on the immersive Van Gogh exhibit. “Explore the world through the eyes of the legendary Frida Kahlo – a brilliant, uncompromising painter who created some of the history’s most iconic artwork. The groundbreaking team behind the smash hit Immersive Van Gogh now turn their eye for innovation towards the work of a woman who boldly told the story of her life in brushstrokes.”
Those who go see the exhibit will be able to see the work that she made to overcome pain and adversity through self-expression. “Kahlo’s art has been described as magic realism – blending realistic depictions of her life with fantastical elements to reflect her inner thoughts and struggles. Using state-of-the-art technology, the 360-degree experience invites you to step inside the colorful and vibrant world of Frida Kahlo as never before with Immersive Frida Kahlo.” | https://cw33.com/news/inside-dfw/immerse-yourself-in-frida-kahlos-art-to-learn-about-her-life-love-art/ | 2022-05-20T17:06:43Z |
Which Kodak instant cameras are best?
Smartphones are packed with technology, and their built-in cameras have never been of a higher quality than now. However, taking photos through a mobile device removes some of the charm of traditional photography.
If you still want to take photos digitally but long for the days of printed images, then an instant camera is a great option. You still have control over the final image, but it’s produced on paper. The best choice for this is the Kodak Smile Classic Digital Instant Camera.
What to know before you buy a Kodak instant camera
Quality and size of the photo
Keep in mind that the photo’s print quality won’t be the same as when you print it at a photo store. The photo’s size might also be at odd dimensions, due to the size of the paper and the resolution of the image. As for clarity and crispness, it will be inferior to digital cameras but still good enough.
Ink type
There are three different kinds of printing paper available for instant cameras, with Kodak using the Zink (zero ink) technology. The process doesn’t require ink cartridges, as the pigments are already on the paper. When you take a photo, pressure mixes the ink around to create the visuals. This process also slows down the printing when compared to other cameras like Fujifilm or Polaroid.
Paper and film cost
Having a camera that can instantly print photos is great, but be aware of the perpetual cost of operating such a device. The main attraction for instant cameras is the on-the-spot printing process, but the cost of Zink paper translates to about $0.50 per photo.
What to look for in a quality Kodak instant camera
Exposure controls and self-timer
Instant cameras have come a long way from being simple point-and-shoot devices. Since it will be printed immediately, you at least want to make sure that everything is alright. A good-quality Kodak instant camera should have exposure controls. This allows you to regulate the brightness of the final photo, which also influences the sharpness. A self-timer is handy when you want to take a group photo. You can set up the camera, select the timer and pose.
Size and portability
You probably want to take the instant camera wherever you go and snap as many pictures as possible, but for that, the camera has to be portable. The majority of instant cameras are small enough to fit into a bag, but it’s a good idea to keep in mind what you’ll mostly be using it for. A good-quality Kodak instant camera won’t compromise quality over size. You also don’t want to fiddle with settings and functions, which is why the camera needs to be easy to use.
Photo resolution and battery life
It must be understood that an instant camera won’t be close to the quality of a smartphone, but that doesn’t mean it can’t take excellent photos. A quality Kodak instant camera will have a resolution of at least 10 megapixels. This ensures that small details are captured correctly. Battery life is also hugely important. Most instant cameras run on rechargeable batteries, and you should get a handful of photos out before the power runs low.
How much you can expect to spend on a Kodak instant camera
The average price of a Kodak instant camera is largely dependent on the functions and the model. Entry-level instant cameras retail for $40-$60, while the top-tier instant cameras can retail for as high as $80-$100.
Kodak instant camera FAQ
How long does it take to print a photo?
A. This depends on the model of the instant camera. A good guideline is that the photo will be printed and ready to be shared in under a minute.
Can you take a photo without loading paper into the instant camera?
A. Some of Kodak’s instant cameras allow you to take photos even when you don’t have paper loaded. To store the image, you’ll need to insert a microSD card into the slot.
What are the best Kodak instant cameras to buy?
Top Kodak instant camera
Kodak Smile Classic Digital Instant Camera
What you need to know: A retro look packed with modern-day technology.
What you’ll love: If you’re looking for an instant camera that prints the largest photos in the Kodak range, Smile will be the one. It features a 16-megapixel camera that prints 3.51-inch by 4.25-inch photos. The Smile can connect to iOS or Android devices through Bluetooth, has a 10-second timer and automatic strobe flash. If you don’t have paper, the camera can store the images on an SD card.
What you should consider: Some users have indicated that the camera can take up to an hour to fully recharge.
Where to buy: Sold by Amazon
Top Kodak instant camera for the money
Kodak Printomatic Digital Instant Print Camera
What you need to know: An affordable option for excellent-quality prints.
What you’ll love: The Printomatic features a five-megapixel sensor with a wide angle f/2 lens. There isn’t much more to it, as you simply point the camera in the right direction and shoot. It’s easy to use, and you can take the next photo while the last is being printed.
What you should consider: It uses Zink paper, which can be a bit expensive in the long run.
Where to buy: Sold by Amazon
Worth checking out
Kodak Mini Shot Wireless Instant Digital Camera
What you need to know: A powerful camera that can print photos from your phone.
What you’ll love: The Mini Shot Wireless features a powerful 10-megapixel sensor and prints photos at 2.1 by 3.4 inches. It connects to iOS and Android devices through Bluetooth, and you can even send photos from your mobile photo to the camera for printing. The Mini Shot Wireless has a 1.7-inch viewfinder with autofocus.
What you should consider: Users have indicated that the camera can’t store images onto an SD card; you have to print an image immediately or it will be lost.
Where to buy: Sold by Amazon
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/electronics-br/camera-photo-br/best-kodak-instant-camera/ | 2022-06-12T17:46:28Z |
PRINCETON, N.J., Aug. 2, 2022 /PRNewswire/ -- CytoSorbents Corporation (NASDAQ: CTSO), a leader in the treatment of life-threatening conditions in the intensive care unit and cardiac surgery using blood purification via its proprietary polymer adsorption technology, today reported unaudited financial and operating results for the quarter ended June 30, 2022.
Second Quarter 2022 Financial Results
- Total Q2 2022 revenue, including product sales and grant income, was $8.5 million versus $12.0 million in Q2 2021, a decrease of 29%
- Q2 2022 product sales were $7.3 million (negligible COVID-related sales) versus $11.4 million (includes $1.7 million in COVID-related sales) in Q2 2021. The decrease in the average Euro to U.S. dollar exchange rate lowered Q2 2022 product sales by approximately $840,000. On a constant currency basis, Q2 2022 core non-COVID sales would have been approximately $8.2 million, which represents a 15% decrease from approximately $9.7 million in core non-COVID sales a year ago, but comparable to the average currency adjusted core non-COVID sales over the prior three quarters
- As expected, COVID-19 related sales during the quarter were negligible reflecting the low severity of current COVID-19 illness resulting from high rates of vaccination and natural immunity
- Product gross margins were approximately 67% in Q2 2022, versus 82% in Q2 2021. The decrease in the gross margin percentage was due primarily to manufacturing inefficiencies from a scheduled 4-week production hiatus as we relocated to our new production facility during the quarter
- The Company maintains a healthy balance sheet with cash and cash equivalents of $31.9 million (which includes $1.7 million in restricted cash) as of June 30, 2022, and no debt
Recent Operating Highlights:
- More than 179,000 cumulative CytoSorb devices have been utilized worldwide as of June 30, 2022, compared to more than 143,000 devices utilized cumulatively a year ago
- Announced today the signing of an expanded global marketing agreement with Fresenius Medical Care where CytoSorb® will become a featured blood purification therapy on Fresenius Medical Care Critical Care platforms
- Entered into a 3-year preferred supplier agreement with Asklepios Group, one of the largest private hospital operators in Germany
- Partnered with Nikkiso to distribute the PureAdjust® hemoperfusion blood pump and supplies in a total of 14 countries, a key part of CytoSorbents' standalone device and machine strategy to expand the market for its products
- Hosted the 2022 CytoSorb World Users' Meeting that highlighted the broad market potential of CytoSorb as an interdisciplinary therapeutic approach for a wide range of life-threatening illnesses
- Multiple scientific papers were published on the positive use of CytoSorb in the areas of antithrombotic drug removal during acute aortic dissection and in vitro whole blood removal, Ex vivo lung perfusion for lung transplantation, Normothermic regional perfusion of Donation after Circulatory Death (DCD) human liver and kidney donors for organ transplant, Severe acute pancreatitis (PACIFIC study), Treatment of hyperbilirubinemia in acute liver dysfunction patients, A reduction in sepsis-associated mortality in left-sided acute infective endocarditis, and many others.
- Relocated and established our Company headquarters and state of the art manufacturing facility in our new Princeton, New Jersey mixed-use facility
Dr. Phillip Chan, Chief Executive Officer of CytoSorbents stated, "Our second quarter core non-COVID product sales on a constant currency basis were $8.2 million and stable to the average currency adjusted core product sales for the prior three quarters. Although not the growth we are seeking, we achieved this despite continued softness in the German market, as the weakened healthcare system worked to recover from the massive COVID surge in the prior quarter and grappled with a myriad of problems. These include, for example, staffing shortages, budget issues, elective procedures restrictions, and a major 11-week hospital strike in western Germany that spanned a fifth of the population, postponing more than 10,000 operations and closing hospital wards. Year-over-year results were further impacted by a lack of COVID-19 related revenue due to a lessening in disease severity globally, and a drop of 12% in the Euro, to near parity with the U.S. dollar.
"Like most international companies, including those in the medical device and blood purification industries, we are dealing with not only fallout from the COVID pandemic, but also a storm of global macroeconomic and geopolitical uncertainty. That said, although our numbers do not yet reflect it, we are seeing some early but encouraging signs of improvement in key markets:
- Continued strong and positive feedback from customers in both our direct and international territories, highlighted by the success of our recent in-person CytoSorb World User's meeting, with nearly 300 of the world's leading critical care physicians and research scientists from 40 countries participating
- Marked improvement in sales representative access to hospitals in Germany, with 40% more sales visits during the quarter as compared to the prior quarter, though still down from pre-pandemic levels
- Increasing levels of activity, interest, and in-person attendance of healthcare professionals at medical congresses in Europe and Latin America, and specific countries such as India, Spain, and Portugal
- Strong pipeline of positive data being submitted and published by the international user community on CytoSorb use in a wide variety of areas
- Though early, the Nikkiso expansion has triggered broad interest by customers in our stand-alone hemoperfusion pump offering, with initial placements, pump evaluations underway, and scheduled demonstrations at a number of hospitals
- Growing synergy with our sales and medical affairs teams, and internal therapy area vertical leadership in critical care, cardiac surgery, and liver and kidney applications with a prioritization on sales support and clinical data
- Recent preferred supplier agreement with Asklepios Group, one of the largest private hospital networks in Germany, making CytoSorb available without restrictions to all hospitals in the network
- The potential for future sales acceleration, particularly in Germany, based upon the expansion of the Fresenius Medical Care global marketing partnership announced today, as further discussed below
Dr. Chan continued, "As we work to restore sales growth, we continue to advance our other key initiatives.
- U.S. STAR-T and STAR-D clinical trials – These trials remain our top clinical priority with each trial now having a critical mass of more than 20 centers active and screening for enrollment. As we expand to 30 sites for each trial, recently approved by the FDA, the majority of our operational plans, resources, and focus have shifted from study start-up activities (Phase I) to activities driving enrollment (Phase II). For our lead study STAR-T, enrollment continues and we are targeting the first Data Safety Monitoring Board (DSMB) review at 40 patients enrolled, expected to be achieved with a slight delay in the next few months. STAR-D is underway also, with the rapid activation of trial sites
- U.S. Manufacturing - Buildout of our new Princeton, NJ manufacturing facility is now complete with production of commercial devices split between our older production facility and our new facility, and final certification expected before the end of this year. Product gross margins dropped from 82% to 67%, driven mainly by production inefficiencies incurred by a scheduled 4- week production hiatus as we transitioned from our old to new manufacturing facilities, and lower sales volumes. We expect gross margins to return to previous levels as we complete the relocation to the new facility, eliminate the costs of the Monmouth Junction, NJ facility later this year, and begin to capture manufacturing efficiencies driven by an expected improvement in market conditions and increased product demand
- Partnerships - Today we are pleased to announce an expanded global marketing agreement with long-time partner, Fresenius Medical Care ("Fresenius"), the world's leading provider of products and services for patients with renal diseases with headquarters and a strong sales and marketing footprint in Germany. Under the terms of the agreement, CytoSorb will become a featured blood purification therapy on Fresenius Medical Care's critical care blood purification platforms for the removal of cytokines, bilirubin, and myoglobin in critically ill patients, helping to expand the dimensions of blood purification beyond hemodialysis. Fresenius will be responsible for the specific worldwide marketing and combined promotion of CytoSorb with its critical care products across Fresenius-led in-person, virtual, social media, and web-based marketing programs and events during the term of the collaboration. In addition to strengthening and expanding the global marketing of CytoSorb, we plan to work together to bring new innovative solutions to the market. To help support the increased marketing and promotional efforts of the expanded collaboration, CytoSorbents has agreed to subsidize a portion of the marketing costs through a royalty payment to Fresenius Medical Care, with the royalty rate being based on certain assumptions regarding CytoSorb sales in the intensive care unit on Fresenius Medical Care platforms, excluding the United States, and subject to further adjustment should these assumptions change. Additional information can be found in the Form 8-K filed today.
Dr. Chan concluded, "We are excited about the many opportunities that we have to drive our business forward, but are proceeding conservatively, recognizing there is a seasonality to European business in general in the third quarter, driven by a lull in business activity as much of Europe takes vacation in July and August. Because of this, we are focused on executing our game plan, while controlling costs and conserving cash. We believe the high cash burn in Q2 2022 was an anomaly with a number of non-recurrent expenditures. These include, for example, the final $4.8 million payment related to the construction, capital equipment, and other costs of our new manufacturing facility (with the exception of approximately $300K in costs for the remainder of 2022), an approximate $1 million reduction in gross margin driven mainly by inefficiencies caused by scheduled production shutdowns associated with the relocation to our new manufacturing facilities, and lower sales volumes, and a $0.6 million increase in grant and accounts receivables during the quarter. Excluding these factors, our cash burn for Q2 2022 would have been approximately $6.5 million."
'In addition, we have $5 million (based on cost of goods) in working capital tied up in CytoSorb inventory that we have strategically built over several quarters to buffer against any potential disruption in production with the transition to the new facility. With fairly good visibility that the new manufacturing facility will come on-line as expected, we plan to release and monetize a portion of this inventory, which we expect could contribute an additional $1 million to our second half 2022 cash flow. Finally, we retain financial flexibility to add debt from our $15 million term loan with Bridge Bank if desired."
Results of Operations
Comparison for the three months ended June 30, 2022 and 2021:
Revenues:
Total revenue, including product revenue and grant income, for the second quarter of 2022 was $8.5 million, down 39% from $12.0 million in the second quarter of 2021. Revenue from product sales was approximately $7.3 million in the three months ended June 30, 2022, as compared to approximately $11.4 in the three months ended June 30, 2021, a decrease of approximately $4.0 million, or 36%. The decrease in the average exchange rate of the Euro to the U.S. dollar negatively impacted 2022 product sales by approximately $0.8 million. For the three months ended June 30, 2022, the average exchange rate of the Euro to the U.S. dollar was $1.06 as compared to an average exchange rate of $1.21 for the three months ended June 30, 2021. We estimate that demand for CytoSorb to treat COVID-19 patients was de minimis in the second quarter of 2022 as compared to approximately $1.7 million in the second quarter of 2021. Overall direct sales declined by approximately $3.4 million resulting primarily from lower sales in Germany due to COVID-19 pandemic-driven market conditions. COVID-19 restrictions remain in place at many hospitals throughout Germany and these restrictions continue to limit our access to hospital personnel, particularly the physicians.
Cost of Revenues:
For the three months ended June 30, 2022 and 2021, cost of revenue was approximately $3.6 million and $2.7 million, respectively. Product gross margins were approximately 67% for the three months ended June 30, 2022 as compared to approximately 82% for the three months ended June 30, 2021. The decrease in the gross margin percentage in 2022 was due primarily to inefficiencies associated with relocation of our production activities to our new manufacturing facility during the second quarter of 2022.
Operating Expenses:
For the three months ended June 30, 2022, operating expenses were approximately $13.3 million, as compared to approximately $14.2 million for the three months ended June 30, 2021, a decrease of approximately $0.9 million or 6%. Selling, general and administrative (SG&A) expenses decreased approximately 14% to $8.4 million in the quarter from $9.8 million in the prior year. This decrease was due to a decrease in royalty expenses of approximately $0.4 million due to the decrease in product sales, a decrease in non-cash restricted stock expense of approximately $1.5 million related to restricted stock units granted to the Company's executive officers and a decrease in non-cash stock compensation expense of approximately $0.8 million. This was offset by increases in salaries, commissions, and related costs of approximately $0.2 million, an increase in sales and marketing costs, which include advertising and conference attendance of approximately $0.4 million, an increase in travel and entertainment costs of approximately $0.3 million and an increase in occupancy costs of approximately $0.4 million related to the rent expense on our new manufacturing facility. Research and development expenses increased by approximately $0.5 million primarily due to costs related to our STAR-T and STAR-D trials in the United States.
Gain (Loss) on Foreign Currency Transactions:
For the three months ended June 30, 2022, the loss on foreign currency transactions was approximately $2.5 million as compared to a gain of approximately $0.2 million for the three months ended June 30, 2021. The 2022 loss was directly related to the decrease in the spot exchange rate of the Euro to the U.S. dollar at June 30, 2022 as compared to March 31, 2022. The spot exchange rate of the Euro to the U.S. dollar was $1.05 per Euro at June 30, 2022, as compared to $1.11 per Euro at March 31, 2022.
Comparison for the six months ended June 30, 2022 and 2021:
Revenues:
Total revenues were approximately $17.2 million for the six months ended June 30, 2022, as compared to total revenues of approximately $22.6 million for the six months ended June 30, 2021, a decrease of approximately $5.4 million, or 24%. Revenue from product sales was approximately $15.3 million in the six months ended June 30, 2022, as compared to approximately $21.5 million in the six months ended June 30, 2021, a decrease of approximately $6.2 million or 29%. The decrease in the average exchange rate of the Euro to the U.S. dollar negatively impacted 2022 product sales by approximately $1.4 million. For the six months ended June 30, 2022, the average exchange rate of the Euro to the U.S. dollar was $1.09 as compared to an average exchange rate of $1.21 for the six months ended June 30, 2021. Though difficult to quantify, we estimate that approximately $0.3 million of total product sales in the six months ended June 30, 2022 was due to the demand for CytoSorb to treat COVID-19 patients as compared to $3.5 million in the six months ended June 30, 2021. Overall direct sales declined by of approximately $5.4 million resulting primarily from lower sales in Germany due to COVID-19 pandemic-driven market conditions. COVID-19 restrictions remain in place at many hospitals throughout Germany and these restrictions continue to limit our access to hospital personnel, particularly the physicians.
Cost of Revenues:
For the six months ended June 30, 2022 and 2021, cost of revenue was approximately $5.8 million and $5.5 million, respectively, an increase of approximately $0.3 million. Product gross margins were approximately 74% for the six months ended June 30, 2022 and approximately 79% for the six months ended June 30, 2021. The reduction in product gross margin is due primarily to inefficiencies associated with the relocation of our production activities to our new manufacturing facility during the second quarter of 2022.
Operating Expenses:
For the six months ended June 30, 2022, operating expenses were approximately $27.5 million as compared to approximately $24.9 million for the six months ended June 30, 2021, an increase of approximately $2.6 million, or 10%, for the six months ended June 30, 2022. Research and development expenses were approximately $8.4 million as compared to approximately $6.0 million for the six months ended June 30, 2021, an increase of approximately $2.4 million or 40%. This increase was due to an increase in costs associated with our STAR-T and STAR-D trials in the United States. Selling, general and administrative expenses were approximately $17.6 million for the six months ended June 30, 2022, as compared to $17.5 million for the six months ended June 30, 2021, an increase of $0.1 million. This increase is related to an increase in salaries, commissions and related costs of approximately $1.2 million, an increase in sales and marketing costs, which include advertising and conference attendance of approximately $0.7 million, an increase in travel and entertainment costs of approximately $0.5 million and an increase in occupancy costs of approximately $0.7 million related to the rent expense on our new manufacturing facility. These increases were offset by a decrease in royalty expenses of approximately $0.5 million, a decrease in non-cash restricted stock expense of approximately $1.7 million related to restricted stock units granted to the Company's executive officers, a decrease in non-cash stock compensation expense of approximately $0.7 million.
Gain (Loss) on Foreign Currency Transactions:
For the six months ended June 30, 2022, the loss on foreign currency transactions was approximately $3.7 million as compared to a loss of approximately $1.1 million for the six months ended June 30, 2021. The 2022 loss was directly related to the decrease in the spot exchange rate of the Euro to the U.S. dollar as of June 30, 2022 as compared to December 31, 2021. The spot exchange rate of the Euro to the U.S. dollar was $1.05 per Euro as of June 30, 2022, as compared to $1.14 per Euro at December 31, 2021.
Liquidity and Capital Resources
Since inception, our operations have been primarily financed through the issuance of debt and equity securities. As of June 30, 2022, we had current assets of approximately $41.6 million including unrestricted cash on hand of approximately $30.2 million and current liabilities of approximately $10.6 million. As of June 30, 2022, $25 million of our total shelf amount was allocated to our ATM facility, all of which is still available. In addition, we have $15 million of debt availability, providing financial flexibility, if needed. In April 2022, we received approximately $0.7 million in cash from the approved sale of our net operating losses and research and development credits from the State of New Jersey.
We are also managing our resources proactively, continuing to invest in key areas such as our U.S. pivotal STAR-T and STAR-D trials. In April 2022, we began instituting tighter cost controls which are expected to reduce our planned cash burn by an additional $2 million per quarter. We are currently actively engaged in making further reductions to our operating costs to reduce our future cash burn.
We believe that we have sufficient cash to fund the Company's operations beyond twelve months from the issuance of these financial statements.
2022 Outlook Guidance
The macro environment in which we operate remains difficult to predict given the complex drivers of our business, the global nature of our operations, and external factors such as the COVID-19 pandemic, the Russia-Ukraine war, inflation, foreign currency exchange rate volatility, and other factors that are not under our direct control. Because of this, we expect that our business, and in particular product sales, may continue to see challenges for the remainder of 2022. However, we expect a gradual recovery of normalized hospital activity and sales access in Germany and other key countries in the coming quarters. With improved access and other growth initiatives, we expect a resumption of growth in our core non-COVID-19 product sales.
For additional information, please see the Company's Form 10-Q for the period ended June 30, 2022 filed on August 2, 2022 on http://www.sec.gov.
Conference Call
The Company will conduct its second quarter 2022 results call today at 4:30 p.m. Eastern time.
Conference Call Details:
Date: Tuesday, August 2, 2022
Time: 4:30 PM Eastern Time
Toll free: 1-877-451-6152
International: 1-201-389-0879
Conference ID: 13731826
Live Presentation Webcast:
https://viavid.webcasts.com/starthere.jsp?ei=1561029&tp_key=ddc6a4af76
It is recommended that participants dial in approximately 10 minutes prior to the start of the call. There will also be a simultaneous live webcast of the conference call that can be accessed through the following audio feed link: https://viavid.webcasts.com/starthere.jsp?ei=1561029&tp_key=ddc6a4af76
An archived recording of the conference call will be available under the Investor Relations section of the Company's website at http://cytosorbents.com/investor-relations/financial-results/.
About CytoSorbents Corporation (NASDAQ: CTSO)
CytoSorbents Corporation is a leader in the treatment of life-threatening conditions in intensive care and cardiac surgery using blood purification. Its flagship product, CytoSorb®, is approved in the European Union with distribution in more than 70 countries around the world as an extracorporeal cytokine adsorber designed to reduce the "cytokine storm" or "cytokine release syndrome" seen in common critical illnesses that may result in massive inflammation, organ failure and patient death. These are conditions where the risk of death can be extremely high, yet few to no effective treatments exist. CytoSorb is also being used during and after cardiothoracic surgery to remove inflammatory mediators that can lead to post-operative complications, including multiple organ failure. More than 179,000 cumulative CytoSorb devices have been utilized as of June 30, 2022. CytoSorb was originally introduced into the European Union under CE-Mark as a first-in-kind cytokine adsorber. Additional CE-Mark label expansions were received for the removal of bilirubin and myoglobin in clinical conditions such as liver disease and trauma, respectively, and both ticagrelor and rivaroxaban during cardiothoracic surgery. CytoSorb has also received FDA Emergency Use Authorization in the United States for use in adult critically ill COVID-19 patients with imminent or confirmed respiratory failure. The DrugSorb™-ATR Antithrombotic Removal System, which is based on the same polymer technology as CytoSorb, has also been granted FDA Breakthrough Designation for the removal of ticagrelor, as well as FDA Breakthrough Designation for the removal of the direct oral anticoagulant (DOAC) drugs, apixaban and rivaroxaban, in a cardiopulmonary bypass circuit during urgent cardiothoracic surgery. The Company has initiated two FDA approved pivotal trials designed to support U.S. marketing approval of DrugSorb-ATR. The first is the 120-patient, 30 center STAR-T (Safe and Timely Antithrombotic Removal-Ticagrelor) randomized, controlled trial evaluating the ability of intraoperative DrugSorb-ATR use to reduce perioperative bleeding risk in patients on ticagrelor undergoing cardiothoracic surgery. The second is the 120-patient, 30 center STAR-D (Safe and Timely Antithrombotic Removal-Direct Oral Anticoagulants) randomized, controlled trial, evaluating the intraoperative use of DrugSorb-ATR to reduce perioperative bleeding risk in patients undergoing cardiothoracic surgery on direct oral anticoagulants, including apixaban and rivaroxaban.
CytoSorbents' purification technologies are based on biocompatible, highly porous polymer beads that can actively remove toxic substances from blood and other bodily fluids by pore capture and surface adsorption. Its technologies have received non-dilutive grant, contract, and other funding of more than $39.5 million from DARPA, the U.S. Department of Health and Human Services (HHS), the National Institutes of Health (NIH), National Heart, Lung, and Blood Institute (NHLBI), the U.S. Army, the U.S. Air Force, U.S. Special Operations Command (SOCOM), Air Force Material Command (USAF/AFMC), and others. The Company has numerous marketed products and products under development based upon this unique blood purification technology protected by many issued U.S. and international patents and registered trademarks, and multiple patent applications pending, including ECOS-300CY®, CytoSorb-XL™, HemoDefend-RBC™, HemoDefend-BGA™, VetResQ®, K+ ontrol™, DrugSorb™, DrugSorb™-ATR, ContrastSorb, and others. For more information, please visit the Company's websites at www.cytosorbents.com and www.cytosorb.com or follow us on Facebook and Twitter.
Forward-Looking Statements
This press release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, future targets and outlooks for our business, expectations regarding the future impacts of COVID-19 or the ongoing conflict between Russia and the Ukraine or other macroeconomic factors, representations and contentions and are not historical facts and typically are identified by use of terms such as "may," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements in this press release represent management's current judgment and expectations, but our actual results, events and performance could differ materially from those in the forward-looking statements. Factors which could cause or contribute to such differences include, but are not limited to, the risks discussed in our Annual Report on Form 10-K, filed with the SEC on March 10, 2022, as updated by the risks reported in our Quarterly Reports on Form 10-Q, and in the press releases and other communications to shareholders issued by us from time to time which attempt to advise interested parties of the risks and factors which may affect our business. We caution you not to place undue reliance upon any such forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, other than as required under the Federal securities laws.
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U.S. Company Contact:
Amy Vogel
305 College Road East
Princeton, NJ 08540
+1 (732) 329-8885
avogel@cytosorbents.com
European Company Contact:
Josephine Kraus
+49 30 765 84 66 23
josephine.kraus@cytosorbents.com
Public Relations Europe:
Marcus Schult
commponists
+49 69 13823 ext. 960
+49 172 4238938
marcus.schult@die-kommponisten.com
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SOURCE CytoSorbents Corporation | https://www.mysuncoast.com/prnewswire/2022/08/02/cytosorbents-reports-second-quarter-2022-financial-operational-results/ | 2022-08-02T21:57:33Z |
WESTMINSTER, Colo., July 27, 2022 /PRNewswire/ -- Today, not-for-profit cooperative wholesale power supplier Tri-State Generation and Transmission Association, Inc. (the "Company") announced the pricing terms of its previously announced cash tender offers (the "Tender Offers") for up to $100,000,000 aggregate principal amount (the "Aggregate Tender Cap") of its First Mortgage Bonds, Series 2014E-1, 3.70% due 2024 (the "Bonds due 2024"), First Mortgage Bonds, Series 2014E-2, 4.70% due 2044 (the "Bonds due 2044") and First Mortgage Bonds, Series 2016A, 4.25% due 2046 (the "Bonds due 2046" and, collectively, the "Securities"), in the order or priority set forth in the offer to purchase, dated July 13, 2022 (as it may be amended or supplemented from time to time, the "Offer to Purchase").
The following table lists the Bonds due 2024 that had been validly tendered and not validly withdrawn at or prior to 5:00 p.m., New York City time, on July 26, 2022 (the "Early Tender Date"), as reported by D.F. King & Co., Inc., the tender and information agent. The applicable Reference Yield, Repurchase Yield, Early Tender Payment and Total Consideration (each as defined more fully in the Offer to Purchase) with respect to the Bonds due 2024 accepted for purchase are detailed in the table below.
The Tender Offers consist of offers to purchase for cash, on the terms and conditions set forth in the Offer to Purchase, which sets forth the terms and conditions of the Tender Offers. Withdrawal rights for the Tender Offers expired at 5:00 p.m. New York City time on July 26, 2022, and, accordingly, Securities validly tendered in the Tender Offers may no longer be withdrawn except where additional withdrawal rights are required by law. The Tender Offers for the Securities will expire at 11:59 p.m., New York City time, on August 9, 2022, or, in each case, any other date and time to which the Company extends the applicable Tender Offer (such date and time, as it may be extended with respect to a Tender Offer, the applicable "Expiration Time"), unless earlier terminated.
Because the Tender Offers have been fully subscribed as of the Early Tender Date, holders who tender Securities after the Early Tender Date will not have any of their Securities accepted for purchase, unless the Company elects to increase or eliminate Aggregate Tender Cap. Any Securities tendered after the Early Tender Date, together with any Securities tendered at or prior to the Early Tender Date but not accepted for purchase by the Company, will be returned to the holders thereof as described in the Offer to Purchase, unless the Company elects to increase or eliminate the Aggregate Tender Cap.
Because the aggregate principal amount of Securities validly tendered exceeds the Aggregate Tender Cap, the Company does not expect to accept for purchase all Securities that have been validly tendered and not validly withdrawn at or prior to the Early Tender Date, in each case as further described in the Offer to Purchase. Rather, the Company expects that it will accept for purchase Bonds due 2024 validly tendered and not validly withdrawn at or prior to the Early Tender Deadline on a pro rata basis in accordance with the Offer to Purchase, subject to a proration factor of approximately 74.5%, and does not expect to accept for purchase any Bonds due 2044 or Bonds due 2046. As a result, a holder who validly tenders and does not validly withdraw Bonds due 2024 pursuant to the Tender Offers may have all or a portion of its Securities returned to it. As described in the Offer to Purchase, all Securities tendered and not accepted for purchase will be promptly returned to the tendering holder's account.
The consideration (the "Total Consideration") offered per $1,000 principal amount of Bonds due 2024 validly tendered, and not validly withdrawn, and accepted for purchase pursuant to the Tender Offer will be determined in the manner described in the Offer to Purchase by reference to the "Fixed Spread" for the Bonds due 2024 in the table above, plus the Reference Yield specified in the table above.
Holders will also receive accrued and unpaid interest on Securities validly tendered and accepted for purchase from the last interest payment date up to, but not including, the Early Settlement Date ("Accrued Interest").
The Company expects to make payment for Bonds due 2024 that are validly tendered at or prior to the Early Tender Deadline on July 28, 2022 (the "Early Settlement Date").
The Tender Offers are subject to the satisfaction or waiver of certain conditions as set forth in the Offer to Purchase. The Tender Offers are not subject to minimum tender conditions.
J.P. Morgan and US Bancorp are the dealer managers for the Tender Offers. Investors with questions regarding the Tender Offers may contact J.P. Morgan at (866) 834-4666 (toll-free) or (212) 834-3554 (collect) and US Bancorp at (800) 479-3441 (toll-free) or (646) 651-4233 (collect). D.F. King & Co., Inc. is the tender and information agent for the Tender Offers and can be contacted at (866) 828-6934 (bankers and brokers can call collect at (212) 269-5550) or by email at tristate@dfking.com.
None of the Company or its affiliates, their respective boards of directors, the dealer managers, the tender and information agent or the trustee with respect to any Securities is making any recommendation as to whether holders should tender any Securities in response to any of the Tender Offers, and neither the Company nor any such other person has authorized any person to make any such recommendation. Holders must make their own decision as to whether to tender any of their Securities, and, if so, the principal amount of Securities to tender.
This news release does not constitute an offer to sell, or the solicitation of an offer to sell, or the solicitation of an offer to buy any securities that may be issued pursuant to the transactions described above. Further, nothing contained herein shall constitute a notice of redemption of the Securities of any series. The full details of the Tender Offers, including complete instructions on how to tender Securities, are included in the Offer to Purchase. Holders are strongly encouraged to read carefully the Offer to Purchase, including materials incorporated by reference therein, because they will contain important information. The Offer to Purchase may be obtained from D.F. King & Co., Inc., free of charge, by calling toll-free at (866) 828-6934 (bankers and brokers can call collect at (212) 269-5550) or by email at tristate@dfking.com.
About Tri-State
Tri-State is a wholesale power supply cooperative, operating on a not-for-profit basis, with 45 members, including 42 utility electric distribution cooperative and public power district members in four states that together deliver reliable, affordable and responsible power to more than a million electricity consumers across nearly 200,000 square miles of the West.
Certain information contained in this press statement are forward-looking statements including statements concerning Tri-State's plans, future events, and other information that is not historical information. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described from time to time in Tri-State's filings with the Securities and Exchange Commission. Tri-State's expectations and beliefs are expressed in good faith, and Tri-State believes there is a reasonable basis for them. However, Tri-State cannot assure you that management's expectations and beliefs will be achieved. There are a number of risks, uncertainties and other important factors that could cause actual results to differ materially from the forward-looking statements contained herein.
Contact:
Lee Boughey, 303-254-3555, lboughey@tristategt.org
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SOURCE Tri-State Generation and Transmission Association, Inc. | https://www.kxii.com/prnewswire/2022/07/27/tri-state-announces-pricing-terms-its-cash-tender-offers-certain-outstanding-debt-securities/ | 2022-07-27T21:51:22Z |
Humane Society more than halfway finished transferring 4,000 rescued beagles
(Gray News/TMX) – The Humane Society of the United States is more than halfway finished finding new homes for nearly 4,000 beagles rescued from a Virginia facility that bred the dogs to be sold to laboratories for animal experimentation.
Envigo, a private contract research organization, had a lawsuit filed against it by the Department of Justice that alleged the company violated the Animal Welfare Act at the breeding facility in Cumberland, Virginia.
Inspections conducted by federal agencies revealed inadequate veterinary care, insufficient food, unsanitary conditions and some cases of dogs that were euthanized without anesthesia.
The parent company, Inotive Inc., announced in June it would close the breeding facility.
The Humane Society was then given sole responsibility for rescuing the approximately 4,000 beagles in a period of 60 days after the transfer plan proposed by the DOJ was approved by the District Court for the Western District of Virginia.
In a release, the chief animal rescue, care and sanctuary officer of the Humane Society said the organization was grateful to give the beagles a new life after they spent their time in the breeding facility “riddled with Animal Welfare Act violations.”
During the transfer process, the beagles have been moved in batches, and the Humane Society has partnered with additional animal welfare organizations to rehabilitate and adopt the dogs out.
Copyright 2022 Gray Media Group, Inc. All rights reserved. TMX contributed to this story. | https://www.mysuncoast.com/2022/08/16/humane-society-more-than-halfway-finished-transferring-4000-rescued-beagles/ | 2022-08-16T01:06:06Z |
SAN JOSE, Calif., May 3, 2022 /PRNewswire/ -- GAF Energy's Timberline Solar™, the only system to directly integrate solar technology into traditional roofing processes and materials, has been awarded as the winner in the Energy category as part of Fast Company's 2022 World Changing Ideas Awards. The winners honor clean technology, innovative corporate initiatives, brave new designs for cities and buildings, and other creative works that are supporting the growth of positive social innovation, tackling social inequality, climate change, and public health crises. GAF Energy, a Standard Industries company and the leading provider of solar roofing in North America, announced the launch of Timberline Solar™ in January. GAF Energy developed and assembled the Timberline Solar™ roof at the company's manufacturing and R&D facility in California.
Homeowners interested in solar roofing options and roofers interested in installing GAF Energy products can find out more at: www.gaf.energy.
About the World Changing Ideas Awards: World Changing Ideas is one of Fast Company's major annual awards programs and is focused on social good, seeking to elevate finished products and brave concepts that make the world better. A panel of judges from across sectors choose winners, finalists, and honorable mentions based on feasibility and the potential for impact. With the goals of awarding ingenuity and fostering innovation, Fast Company draws attention to ideas with great potential and helps them expand their reach to inspire more people to start working on solving the problems that affect us all.
About GAF Energy
GAF Energy is transforming the rooftop solar industry to generate "Energy from every roof ®". As a Standard Industries company, GAF Energy works in partnership with North America's largest roofing and waterproofing manufacturer, GAF, offering homeowners elegant, roof-integrated solar options. The company also facilitates commercial tax equity financing for large-scale rooftop solar projects. For more information, visit www.gaf.energy.
About Standard Industries
Standard Industries is a privately-held global industrial company operating in over 80 countries with over 20,000 employees. The Standard ecosystem spans a broad array of holdings, technologies and investments—including both public and private companies from early to late-stage—as well as world-class building solutions, performance materials, real estate and next-generation solar technology. Throughout its 140-year history, Standard has leveraged its deep industry expertise and vision to create outsize value across its businesses, which today include operating companies GAF, BMI, Grace, GAF Energy, Siplast, Schiedel and SGI, as well as related businesses Standard Investments and Winter Properties. For more information, visit www.standardindustries.com.
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SOURCE GAF Energy | https://www.mysuncoast.com/prnewswire/2022/05/03/gaf-energys-timberline-solar-named-winner-energy-category-fast-companys-2022-world-changing-ideas-awards/ | 2022-05-03T16:47:08Z |
LONDON, April 7, 2022 /PRNewswire/ -- MetaSyndicate is the first of its kind Ethereum Collection! To the extent that it joins the ranks of the world's premium NFT projects, standing tall alongside BAYC, Bored Ape, Crypto Punks, and Crypto Kitties.
MetaSyndicate is a robust ecosystem that enables its NFT Holders to thrive in the digital economy. Their education programs arm their members with tools for success, while other features include a treasury of high-yielding assets.
MetaSyndicate's advanced Hold-To-Earn (H2E) technology improves game development by expanding the rise of idle play.
"Our mission is to activate guilds of players, enable local communities, and reward users from anywhere. We're proud to be in the business of improving people's lives via philanthropy and financial opportunity."
The first MetaSyndicate guild starts with 345ETH funding. There are over 2,000+ gamers, also known as scholars, through MetaSyndicate partners that developed a self-paced autonomous system for testing upcoming P2E assets and improving current ones.
"We aim to bring all active gamers — more than 1 billion people across the world — into the P2E economy and together help shape the future of Web3 for the benefit of our holders and the entire ecosystem."
What is MetaSyndicate?
"We are committed to empowering our members to unleash their untapped potential. Fostering a safe and supportive online environment where they can practice and rehearse social interactions."
MetaSyndicate missions make the metaverse a safe, inclusive, and equitable space by aiming to award its players constant rewards through P2E assets. Building a large community of gamers and token holders, MetaSyndicate enables holders to benefit from decentralized finance (De-Fi) opportunities.
About MetaSyndicate
MetaSyndicate is a web 3.0 concept deeply inspired by Isaac Asimov's literary universe and The Foundation. It represents a collection of only 7777 NFTs meant to offer their holders a collective in-depth experience in the Hold-To-Earn metaverse.
IMPERIALS, SETTLERS, and SPACERS (The Syndicators) are randomly AI bred and brought to life through our minting phases.
Syndicate Treasury is an ever-growing community network of Syndicated projects pushing constant rewards back to the Syndicators.
MetaSyndicate NFTs holders can stake their NFTs in exchange for a native token $SYND unique to the project and used for many future utilities.
Join the MetaSyndicate Discord Community and the weekly Ask-Me-Anything live sessions to meet the team and become a Syndicator!
7777 limited supply at: www.metasyndicate.io
Discord: https://discord.gg/metasyndicate
Twitter: https://twitter.com/meta_syndicate
Medium: https://medium.com/metasyndicate
Contact: Bogdan Ilie, +40 737 108 506, hi@metasyndicate.io
Photo - https://mma.prnewswire.com/media/1781737/MetaSyndicate.jpg
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SOURCE MetaSyndicate | https://www.kxii.com/prnewswire/2022/04/07/metasyndicate-brings-new-utility-ethereums-nfts-hold-to-earn/ | 2022-04-07T09:28:33Z |
- Advanced development teams can distribute functions across different layers, using Telit App Zone SDK to develop BSP functions and drivers in C/C++, while using MicroEJ layer to develop the application
- Telit+MicroEJ enables complex application development, with support for Java, Kotlin and JavaScript programming languages on embedded platforms
IRVINE, Calif., June 20, 2022 /PRNewswire/ -- Telit, a global enabler of the Internet of Things (IoT), today announced a strategic partnership with MicroEJ, a leading provider of standard software containers for embedded and IoT devices. With the unique combination of MicroEJ software container technology deployed on Telit IoT cellular modules—starting with ME910C1 product family—Telit offers a more complete portfolio of solutions and enables a broader software development ecosystem. To learn more, visit: https://www.telit.com/telit-microej-iot-enablement-sample-kit/.
Using the Telit App Zone SDK powerful development environment for IoT devices, advanced development teams can distribute functions across different layers to develop Board Support Platform (BSP) functions and drivers in C/C++, while using the MicroEJ layer to develop the application using high level languages. MicroEJ allows easy customization for various end-customers with its dynamic app loading and a custom application store. MICROEJ VEE (Virtual Execution Environment) trusted software container complements the Telit App Zone and enables complex application development, with support for Java, Kotlin and JavaScript programming languages on embedded platforms. MICROEJ VEE comes with its Virtual Device counterpart for desktop environments, enabling engineers to design and qualify their specifications on the virtual Telit device ahead of hardware design, which accelerate the development process.
At the core of MICROEJ VEE sits MEJ32, a 32-bit virtual machine, which comes in various flavors optimized for each type of processor. The MICROEJ VEE enables hardware abstraction, which facilitates software development and code portability across different device architectures and technologies. Developers can also take advantage of software components that are hardware independent and reuse them across hardware architectures and application processors.
Telit+MicroEJ competitive differentiators:
- Optimized hardware costs: runs code on the module without the need of external processor
- Better performance: lightweight, fast and power efficient
- Abstraction and increased security: provides abstraction of underlying hardware capabilities and protects memory access, critical hardware functions and system services
- Separation of concerns: all cellular/ wireless protocol jargon is confined and managed by lower layers, exposing a simple yet fully controllable set of APIs
"Telit+MicroEJ helps customers coming from a non-embedded world to remove the learning curve of cellular IoT development," said Dr. Fred Rivard, CEO, MicroEJ. "Developers from other environments will find higher quality, security and support programming languages and tools along, with reduced dependencies from underlying hardware architectures thus simplifying code portability."
"MICROEJ VEE with a virtual Telit device allows for faster iteration and accelerated, simplified app development with multilanguage support, a better abstraction and richer set of high-level APIs," said Martino Turcato, Head of Software, Product Management, Telit. "Manufacturers can empower their users and create an app ecosystem around their devices. Examples range from edge applications to vertical services like hyperscaler integration, HMI and edge analytics."
Visit the Telit booth, #5-277, at Embedded World June 21–23 in Nuremberg, Germany to watch a Telit+MicroEJ demonstration. The demo showcases an application running on MICROEJ VEE as it processes and sends sensor data to Telit OneEdge™, a secure software stack integrated with Telit modules and cloud services. OneEdge is Telit's solution that helps connect and manage edge devices, simplifying IoT deployment at scale.
About MicroEJ
MicroEJ is bringing container virtualization to IoT and embedded devices. We are focused on providing device manufacturers with secure application containers in markets where software applications require high performance, compact size, energy efficiency, and cost-effective development.
With over 100 million products sold, all the leading global manufacturers have chosen MicroEJ to design their electronic devices for a large variety of industries, including smart home, wearables, healthcare, industrial automation, retail, telecommunications, smart city, building automation, transportation, etc.
For more information: Press Kit – Press Room – www.microej.com – LinkedIn
Java™ is Sun Microsystems' trademark for a technology for developing application software and deploying it in cross-platform, networked environments. When it is used in this site without adding the "™" symbol, it includes implementations of the technology by companies other than Sun. Java™, all Java-based marks and all related logos are trademarks or registered trademarks of Sun Microsystems Inc, in the United States and other Countries.
About Telit
Telit simplifies onboarding of connected 'things' with a portfolio of enterprise-grade wireless communication and positioning modules; cellular MVNO connectivity plans and management services; edge and cloud software; and data orchestration, IoT and Industrial IoT platforms. With over two decades of pioneering IoT innovation experience, Telit delivers award-winning, secure, integrated IoT solutions for many of the world's largest enterprises, OEMs, system integrators and service providers, so they can connect and manage IoT at any scale.
For more information, follow us on YouTube, Twitter, LinkedIn and Facebook or visit www.Telit.com.
Copyright © 2022 Telit Communications LTD. All rights reserved. Telit, Telit OneEdge and all associated logos are trademarks of Telit Communications LTD and its affiliated companies in the United States and other countries. Other names used herein may be trademarks of their respective owners.
Media Contacts
MicroEJ
Press@MicroEJ.com
Leslie Hart
Telit
+1 919-415-1510
Leslie.Hart@Telit.com
Lora Wilson
Valerie Christopherson
GRC for Telit
+1 949-608-0276
telit@globalresultspr.com
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SOURCE Telit | https://www.wibw.com/prnewswire/2022/06/20/telit-partners-with-microej-software-development-solutions-enable-broader-development-ecosystem/ | 2022-06-20T14:43:57Z |
SAN DIEGO, Aug. 18, 2022 /PRNewswire/ -- Laury Bliss, a seasoned healthcare business leader with decades of hospice and home health experience, has returned to VITAS Healthcare as vice president of hospice operations in Southern California. In this role, Bliss oversees the VITAS teams that provide compassionate, patient-centered care throughout the Inland Empire, San Gabriel Cities, Coastal Cities, Orange County and San Diego.
As a former senior general manager for VITAS, Bliss returns after two years to the nation's leading end-of-life care provider that recognized her as Top General Manager in 2018.
"I am thrilled to once again serve VITAS patients in delivering the highest quality of clinical, emotional and spiritual care services for those nearing the end of life," said Bliss. "My focus on bedside care and operational best practices supports our mission of putting patients and families first. My commitment to the Southern California community is unwavering—and I look forward to partnering with our communities with passion and a great sense of purpose."
With more than 18 years of hospice leadership and 12 years of multi-site management, Bliss brings powerful strengths to her role, including experience with home medical equipment and infusion therapy.
In addition to her tenure at VITAS, Bliss held high-level operational leadership roles with other hospice and home health providers in Southern California. The San Diego native and current Vista resident holds an MBA from Innova University.
VITAS is hiring passionate and talented individuals like Bliss across a variety of clinical and non-clinical disciplines. Learn more about a fulfilling career in hospice and apply online today at VITAS.com/careers.
Established in 1978, VITAS Healthcare is a pioneer and leader in the American hospice movement. Headquartered in Miami, Florida, VITAS (pronounced VEE-tahs) operates 49 hospice programs in 14 states (California, Connecticut, Delaware, Florida, Georgia, Illinois, Kansas, Missouri, New Jersey, Ohio, Pennsylvania, Texas, Virginia and Wisconsin) and the District of Columbia. VITAS employs 9,509 professionals who care for patients with advanced illness, primarily in the patients' homes, and also in the company's 26 inpatient hospice units as well as in hospitals, nursing homes and assisted living communities/residential care facilities for the elderly. At the conclusion of the second quarter of 2022, VITAS reported an average daily census of 17,360. Visit www.vitas.com.
Media inquiries contact: media@vitas.com, 877-848-2701
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SOURCE VITAS Healthcare | https://www.wibw.com/prnewswire/2022/08/18/vitas-healthcare-names-laury-bliss-vice-president-operations-southern-california/ | 2022-08-18T14:13:29Z |
MESA, Ariz. , May 31, 2022 /PRNewswire/ -- Verra Mobility (NASDAQ: VRRM), a leading provider of smart mobility technology solutions, announced today that that it will participate in two upcoming investor conferences.
David Roberts, President and CEO, and Craig Conti, Chief Financial Officer, are scheduled to present at the:
Baird 2022 Global Consumer, Technology & Services Conference on Wednesday, June 8, 2022, at 09:40 am EDT. The conference will be held virtually, and the Company's presentation will be available at the Verra Mobility website: https://ir.verramobility.com
William Blair 42nd Annual Growth Stock Conference on Thursday, June 9, 2022, at 3:40 pm EDT. The conference will be held virtually, and a link to the live webcast will be available in the Investor Relations section of Verra Mobility's website: https://ir.verramobility.com
About Verra Mobility
Verra Mobility (NASDAQ: VRRM) is a leading provider of smart mobility technology solutions that make transportation safer, smarter and more connected. The company sits at the center of the mobility ecosystem, bringing together vehicles, hardware, software, data and people to enable safe, efficient solutions for customers globally. Verra Mobility's transportation safety systems and parking management solutions protect lives, improve urban and motorway mobility and support healthier communities. The company also solves complex payment, utilization and compliance challenges for fleet owners and rental car companies. Headquartered in Arizona, Verra Mobility operates in North America, Europe, Asia and Australia. For more information, please visit www.verramobility.com.
Forward Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about Verra Mobility's plans, objectives, expectations, beliefs and intentions and other statements including words such as "hope," "anticipate," "may," "believe," "expect," "intend," "will," "should," "plan," "estimate," "predict," "continue" and "potential" or the negative of these terms or other comparable terminology. The forward-looking statements herein represent the judgment of the Verra Mobility, as of the date of this release, and Verra Mobility disclaims any intent or obligation to update forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those currently anticipated. This press release should be read in conjunction with the information included in Verra Mobility's other press releases, reports and other filings with the SEC and on the SEC website, www.sec.gov. Understanding the information contained in these filings is important in order to fully understand Verra Mobility's reported financial results and our business outlook for future periods. Actual results may differ materially from the results anticipated in the forward-looking statements and the assumptions and estimates used as a basis for the forward-looking statements.
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SOURCE Verra Mobility | https://www.kxii.com/prnewswire/2022/05/31/verra-mobility-announces-participation-upcoming-investor-conferences-june/ | 2022-05-31T14:16:38Z |
TOKYO, Aug. 24, 2022 /PRNewswire/ -- Nippon Express (Middle East) L.L.C. (hereinafter "NX Middle East"), a group company of NIPPON EXPRESS HOLDINGS, INC., has obtained ISO 45001:2018 certification for its occupational health and safety management systems, effective June 29.
Logo: https://kyodonewsprwire.jp/img/202208225337-O1-Riz6Hi3E
The Nippon Express Group is endeavoring to obtain ISO certification out of commitment to maintaining and improving the quality of its operations as a useful means of ensuring the Group's sustainable development and improving its performance to enhance customer satisfaction.
NX Middle East strove to acquire ISO 45001:2018 certification to create a system under which all employees involved in its business activities could work with peace of mind by providing a safe and healthy working environment and reducing the risk of work-related industrial accidents.
The Nippon Express Group will continue pursuing business growth alongside its stakeholders based on its unchanging values of safety, compliance and quality and in accordance with its Corporate Philosophy of advancing society through logistics.
Details of ISO 45001:2018 certification
- Name of organization: Nippon Express (Middle East) L.L.C.
- Date of certification: June 29, 2022
- Certification standard: ISO 45001:2018
- Certified businesses: Logistics and forwarding businesses
- Certifying body: ARS Assessment Private Limited
Nippon Express website: https://www.nipponexpress.com/
Nippon Express Group's official LinkedIn account: https://www.linkedin.com/company/nippon-express-group/
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SOURCE NIPPON EXPRESS HOLDINGS, INC. | https://www.wibw.com/prnewswire/2022/08/24/nippon-express-middle-east-obtains-iso-450012018-certification-occupational-health-safety-management-systems/ | 2022-08-24T06:26:45Z |
Under threat of Russian attacks in a war that stopped all soccer in Ukraine in February, a new league season starts Tuesday in Kyiv with the goal of restoring some sense of normal life.
The elegant Olympic Stadium has staged the biggest European soccer games in the past decade though none as poignant as the opening-day meeting of Shakhtar Donetsk and Metalist 1925 from Kharkiv — teams from eastern cities that are fighting for their very existence.
No fans will be allowed in the 65,000-capacity downtown stadium for the 1 p.m. local time kickoff and the players must be rushed to bomb shelters if air-raid sirens sound.
“We have rules in case of an alarm and we should go to be underground,” Shakhtar captain Taras Stepanenko said Monday in a telephone interview with The Associated Press. “But I think the teams, the players will be proud of this event.”
“We are ready, we are strong and I think we will show to all the world Ukrainian life and will to win,” the national-team veteran said.
The Ukrainian Premier League returns with the blessing of the nation’s leaders and in a week heavy with meaning.
Tuesday is Ukraine’s national flag day and Wednesday — Aug. 24 — is the celebration of independence from control by Moscow that the former Soviet Union republic declared in 1991.
“I spoke with our president, Volodymyr Zelenskyy, about how important football is to distract,” Ukraine soccer federation president Andriy Pavelko told the AP in June about the commitment to restart. “We spoke about how it would be possible that football could help us to think about the future.”
No competitive soccer has been played in Ukraine since mid-December when the league paused for a scheduled midwinter break. Games were due to resume on Feb. 25, until the Russian military invasion started one day earlier.
The 16-team league restarts without Desna Chernihiv and Mariupol, teams from cities that have suffered brutal destruction.
All games will be played in and around Kyiv and further west and will be shown domestically, abroad and on YouTube in a deal with broadcaster Setanta agreed last week. The total value of $16.2 million over three years is less than some elite English Premier League players will earn this season.
The concept of home-field advantage may have gone for most teams though simply playing on Ukrainian soil — other games Tuesday are in Kyiv, Uzhhorod and Kovalivka — is remarkable.
Ukrainian clubs fulfilling their games in UEFA’s European competitions in recent weeks played in neighboring Poland and Slovakia, or Sweden, to ensure the safety of opponents like Benfica and Fenerbahçe.
Shakhtar, which was top of the domestic standings when last season was formally abandoned, will host opponents at Legia Warsaw’s stadium when the Champions League group stage starts Sept. 6. The groups are drawn Thursday.
Just 10 months ago, Stepanenko and Shakhtar faced eventual title winner Real Madrid in a Champions League game at the Olympic Stadium — the same field where the storied Spanish team won the final in 2018.
Last season, Shakhtar could field the core of Brazilian players it became famous for, funded by billionaire businessman Rinat Akhmetov who also owns the Azovstal steelworks in Mariupol.
Those star players have now left Ukraine and Shakhtar will rely more on young, homegrown talent, just like its traditional rival Dynamo Kyiv, which starts Sunday against Dnipro-1.
“Of course, it’s a new team,” Stepanenko acknowledged, adding: “We feel confident because we play for our country and for our people.”
___
More AP soccer: https://apnews.com/hub/soccer and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/ukraine-soccer-league-defies-russian-war-to-begin-season/ | 2022-08-23T13:04:26Z |
US sending more military aid to Ukraine as war grinds on
WASHINGTON (AP) — The U.S. and allies committed more rocket systems, ammunition and other military aid to Ukraine Wednesday, as American defense leaders said they see the war to block Russian gains in the eastern Donbas region grinding on for some time.
Speaking at the close of a virtual meeting with about 50 defense leaders from around the world, U.S. Defense Secretary Lloyd Austin said it will be “hard work” to keep allies and partners all committed to the war effort as the months drag on.
“We’re pushing hard to maintain and intensify the momentum of donations,” Austin said. “This will be an area of focus for the foreseeable future, as it should be, in terms of how long our allies and partners will remain committed ... There’s no question that this will always be hard work making sure that we maintain unity.”
Officials have been reluctant to say how long the war may last, but Army Gen. Mark Milley, chairman of the Joint Chiefs of Staff, suggested it could be a long slog.
“We have a very serious grinding war of attrition going on in the Donbas. And unless there’s a breakthrough on either side — which right now the analysts don’t think is particularly likely in the near term — it will probably continue as a grinding war of attrition for a period of time until both sides see an alternative way out of this, perhaps through negotiation or something like that.”
Officials said Wednesday that the U.S. will send Ukraine four more High Mobility Artillery Rocket Systems (HIMARS) and precision-guided rockets for them, as well as additional artillery rounds. A more detailed announcement is expected later this week.
WARNING: Videos used may contain graphic content.
The aid comes as Russian forces try to solidify gains in the two provinces in Ukraine’s eastern Donbas region, Donetsk and Luhansk, while also expanding attacks into other areas. Russian Foreign Minister Sergey Lavrov told state-controlled RT television and the RIA Novosti news agency that Russia has expanded its “special military operation” from the Donbas to the Kherson and Zaporizhzhia regions and other captured territories.
Austin said Lavrov’s comments come as no surprise to allies who have known Russia has greater ambitions in capturing Ukraine.
But Ukrainian troops have been using the HIMARS to strike Russian logistics nodes and command and control centers, including behind the front lines to disrupt supply chains. And on Wednesday they struck and damaged a bridge that is key to supplying Russian troops in southern Ukraine, where Lavrov said Moscow is trying to consolidate its territorial gains.
Milley said the Ukrainian strikes are “steadily degrading the Russian ability to supply their troops, command and control their forces, and carry out their illegal war of aggression.”
He said that, due to Ukraine’s resistance, Russia has been able to gain just six to 10 miles of ground in the Donbas over the past 90 days, with “tens of thousands of artillery rounds” fired in each 24-hour period. And he said he does not believe that the Donbas region has been lost to Russia.
“It’s not lost yet. The Ukrainians are making the Russians pay for every inch of territory that they gain and advances are measured in literally hundreds of meters,” Milley said.
The issue going forward, he said, will be the amount of HIMARS rockets and other ammunition expended by the Ukraine forces. The U.S. has been sending thousands of rounds, taking them from American military stockpiles, and raising questions about how long that will last and at what point there may be a risk to U.S. military readiness.
“We are looking at all of that very, very carefully,” Milley said. “We think we’re okay right now as we project forward into the next month or two or three, we think we’re going to be okay.”
The U.S. has already provided more than $7 billion in aid to Ukraine since the war began in late February. Austin said that during the defense meeting, there was also discussion about how to ensure that Ukraine is able to maintain and repair the weapons systems into the future.
___
Follow the AP’s coverage of the war at https://apnews.com/hub/russia-ukraine
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/07/20/us-sending-more-military-aid-ukraine-war-grinds/ | 2022-07-20T21:36:28Z |
ATLANTA, Aug. 1, 2022 /PRNewswire/ -- RxSpark, a technology company focused on revolutionizing the online health space, is excited to announce its partnership with Marley Drug, integrating mail order pharmacy into the RxSpark pharmacy discounts platform.
Marley Drug, a subsidiary of the pharmaceutical company, Medicure Inc., is a full-service pharmacy based in North Carolina licensed to dispense and ship medications to all 50 states. Once a small local pharmacy, Marley Drug has evolved into a sophisticated online platform.
Through this strategic partnership with Marley Drug, RxSpark enables users to check medication prices online alongside those at their local pharmacies, and order online for delivery straight to their door.
In addition to standard refills, Marley Drug offers extended supply fills for 6-12 months and includes over 100 chronic care medications on its Wholesale Price List, priced at $37 for a 6-month supply, or $70 for 12 months, with free delivery anywhere in the United States and to most U.S. territories.
Marley Drug's competitive pricing, expansive range of low-cost generic medication, and unique Wholesale Price List concept fits perfectly with RxSpark's commitment to helping Americans reduce the cost of their medication and bringing more transparency to prescription prices.
"In light of seismic changes to the health arena and the shift to online services, we are excited to partner with Marley Drug, offering mail order to our members" commented RxSpark Founder, John Casson. "Our goal is always to improve access to affordable prescription medications, encouraging adherence to treatment plans to achieve a healthier America. The Marley Drug partnership adds an affordable mail order option to our prescription savings program."
"Marley Drug is pleased to partner with RxSpark and to serve as the sole mail order pharmacy on their platform. Many Americans don't realize that prescription pricing can significantly vary between pharmacies, and even from day to day. However, having Marley Drug as a consistent option on the RxSpark platform for affordable medication accessible by all Americans, regardless of where they live, will provide a reasonable option for medication disparities," says Albert D. Friesen, PhD, CEO of Medicure and Chair of its Board of Directors.
This exciting partnership marks the latest phase in RxSpark's growth strategy, leveraging the technology behind its pharmacy discounts program with further platform developments and integrations. The disruptive new unified health platform will feature health products, lab testing, and various health services.
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SOURCE RxSpark | https://www.wibw.com/prnewswire/2022/08/01/rxspark-partners-with-marley-drug-integrate-mail-order-pharmacy-its-next-generation-discounts-program/ | 2022-08-01T16:23:19Z |
Move-In Concierge and Services Dashboard Enhances Agent-Client Relationship
The Platform, Powered by New Valley Ventures' Portfolio Company MoveEasy, Enables Clients to Access Real-Time Personal Assistants for Move-In Resources Recommended by Elliman Agents
NEW YORK, July 12, 2022 /PRNewswire/ -- Douglas Elliman Realty, one of the largest independent residential real estate brokerages in the United States, announced today the launch of Elliman Showroom, a complimentary personal assistant platform that will guide home-buyers through a high-touch and streamlined move-in process.
Powered by MoveEasy, a portfolio company of Douglas Elliman Inc.'s PropTech investment division, New Valley Ventures, Elliman Showroom combines personal assistant services with a dashboard of recommended vendors to help clients with all their move-in and set-up needs, from utility and internet to insurance and home security options.
"Moving into a new home is one of the most exciting parts of the real estate journey, but it can also be overwhelming," said Howard M. Lorber, Executive Chairman, Douglas Elliman. "We created Elliman Showroom to make the experience as seamless and trouble-free as possible for our clients and customers."
In addition to connecting in real time with a dedicated personal assistant, residents can use the Elliman Showroom dashboard to find and access a range of home services, exclusive deals and other resources recommended by their Elliman agent, including movers, architects, designers, and contractors.
"The best real estate professionals understand that helping a client buy a new home is often when the real work—and joy—of being an agent truly begins," said Scott Durkin, Chief Executive Officer, Douglas Elliman Realty. "Elliman Showroom enables clients to stay in touch with their agents and continue to tap their knowledge, networks, and trusted guidance long after closing. It is just another way we enable our agents to continue to build their businesses."
The latest in a series of products the brokerage has developed to help its agents manage client relationships and market properties more effectively, Elliman Showroom demonstrates the company's commitment to people-centered innovation.
"Real estate is fundamentally about relationships built on trust and experience," said Dan Sachar, Vice President, Enterprise Innovation, Douglas Elliman Inc., and Managing Director, New Valley Ventures LLC. "Elliman Showroom exemplifies the extent to which digital tools and technologies can make interactions between agents and clients not only more efficient, but also more human."
Elliman Showroom will rollout across the brokerage's national regions beginning this month.
About Douglas Elliman Inc.
Douglas Elliman Inc. (NYSE: DOUG, "Douglas Elliman") owns Douglas Elliman Realty, LLC, which is one of the largest residential brokerage companies in the United States with operations in New York City, Long Island, Westchester, Connecticut, New Jersey, the Hamptons, Massachusetts, Florida, California, Colorado, Texas and Nevada. In addition, Douglas Elliman sources, uses and invests in early-stage, disruptive property technology ("PropTech") solutions and companies and provides other real estate services, including development marketing, property management and settlement and escrow services in select markets. Additional information concerning Douglas Elliman is available on its website, www.elliman.com.
Investors and others should note that we may post information about Douglas Elliman on our website at www.elliman.com or, if applicable, on our accounts on Facebook, Instagram, LinkedIn, TikTok, Twitter, YouTube or other social media platforms. It is possible that the postings or releases could include information deemed to be material information. Therefore, we encourage investors, the media and others interested in Douglas Elliman to review the information we post on our website at www.elliman.com and on our social media accounts.
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SOURCE Douglas Elliman Realty | https://www.kxii.com/prnewswire/2022/07/12/douglas-elliman-launches-elliman-showroom/ | 2022-07-12T14:12:32Z |
Belgium's largest insurer transforms critical business services to support their three million clients and distribution partners
BRUSSELS, Sept. 12, 2022 /PRNewswire/ -- Global digital transformation leader Micro Focus (LSE: MCRO; NYSE: MFGP) today announced the successful modernisation of AG's mission-critical business systems. By using Micro Focus solutions and services, Belgium's largest and oldest insurance provider has established a contemporary, collaborative application development environment that meets the company's current needs, while enabling continued evolution and future change.
During the significant modernisation project, critical applications comprising more than 80 million lines of code were moved from the incumbent mainframe system to new infrastructure that supports 14 million transactions per day. The project began in mid-2018 with a completion goal of four years. The efficiency of the project resulted in its completion in three years. Vitally, during the transition and since, there were no interruptions to daily business activities for AG or the services offered for its three million clients.
"The whole operation has resulted in an innovative and open environment that enables a new data-driven strategy, as well as our company enjoying a lower total cost of ownership now and far into the future," said Philippe Van Belle, Chief Information & Technology Officer of AG. The modernisation project opened the door for utilising the cloud and aligned operational systems more closely with the data analytics systems. The end result is a modern IT infrastructure that allows AG to efficiently meet its customer and distribution partners expectations and needs. We couldn't have realised this huge project without the partnership and excellent collaboration with Micro Focus."
In addition to bolstering its already excellent customer services, AG is now accelerating its own digital transformation with its modernised IT architecture. As part of this change, AG will now offer more services and conduct business operations in the cloud as they leverage new technologies in their continued digital evolution. Another advantage of the modernisation project is that AG has a cutting-edge environment for the recruitment of a new generation of developers, as well as the retention of existing talent with an uplift in development skills and program knowledge.
"The completion of this project with AG is the latest in an extensive line of successful core business system modernisation projects for Micro Focus," said Neil Fowler, Micro Focus AMC General Manager. "Our role was to enable and support AG's modernisation journey as they delivered their business outcomes through a combination of application, process and infrastructure modernisation. This has resulted in an agile platform that allows AG to leverage their core applications and continue to deliver increasing value to their customers. With Micro Focus' more than 40 years of experience in modernising business-critical applications running on the mainframe or distributed environments, we as a company are proud of the results that we were able to deliver to AG.
"AG has been a Micro Focus customer for more than ten years, and we look forward to seeing the positive impacts that this modernisation project has on the insurance services AG provides to its customers and the company's reduction in TCO for its infrastructure."
The modernisation project entailed the shift of AG's z/OS workloads to a Windows-based environment. To do so, AG utilised the Micro Focus Enterprise Developer and Enterprise Server products, as well as the expertise of the company's Professional Services group. The AG modernisation project also included collaboration from HP Enterprise as system integrator and Capgemini as the testing partner.
As a company, Micro Focus supports its customers' choice for modernising their applications, process and infrastructure. Digital transformation demands a flexible and adaptive strategy aimed at improving results and accelerating time to value. Through the Micro Focus Modernisation Maturity Model, IT leaders can quickly map their current IT environment to their future business strategy—while finding the right balance between costs, risk and speed.
"The mainframe served AG well over the years. However, more connectivity was required, as well as the integration of core systems to key business partners and the integration of data and services. We transformed our IT infrastructure to ensure that AG will continue be a leader in the insurance industry. We will begin phase two of AG's digital transformation soon with an extensive cloud integration that will enable us to easily adapt to new technologies as they emerge." Philippe Van Belle, Chief Information and Technology Officer at AG.
"One of the biggest threats during a mainframe modernisation project is business disruption. Because of the detailed and extensive planning from the Micro Focus and AG teams, there were no disruptions to AG operations or its customers. The switch to the new IT infrastructure took place during the Easter holiday weekend, with activities running normally when the following workweek began. We are pleased to have helped deliver such exceptional results for our customer and their three million clients." Stephen Murdoch, CEO of Micro Focus.
Join Micro Focus on LinkedIn and follow @MicroFocus on Twitter.
Micro Focus is one of the world's largest enterprise software providers, focused on solving the IT dilemma—how to balance today's needs with tomorrow's opportunities. We deliver mission-critical technology that helps tens of thousands of customers worldwide manage core IT elements of their business. Strengthened by our strategic services and support organisations, and an extensive partner network, our broad set of technologies for security, IT operations, application delivery, governance, modernisation, and analytics provides the innovative solutions organisations need to run and transform— at the same time.
With a share (end 2021) of 29,5% in the Life insurance market and 16.7% in Non-life, AG is the undisputed leader in the Belgian insurance market. To better tailor its offer to fulfil different customer needs, AG has a multi-channel distribution strategy that includes independent brokers and Fintro agents, bank branches (BNP Paribas Fortis, bpost bank) and collaboration with large corporate clients and sectors for their group insurance. AG employs over 4,000 specialised staff members. More information on www.ag.be
Contact: microfocus@pancomm.com
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SOURCE Micro Focus | https://www.mysuncoast.com/prnewswire/2022/09/12/micro-focus-technology-expertise-support-successful-mainframe-modernisation-project-ag/ | 2022-09-12T10:30:44Z |
SACRAMENTO, Calif., July 27, 2022 /PRNewswire/ -- The California Lawyers Association (CLA) and the California Judges Association (CJA) are introducing a new event—a black-tie- Gala celebration—to raise money for their respective charitable foundations.
On September 17, 2022 in San Diego, the Gala will bring together lawyers and judges from across California to recognize the best of the legal profession.
Andy Buckley from the hit show The Office will serve as the emcee. ESPN SportsCenter host Sage Steele will deliver the keynote address. The Gala will serve as the closing event for CLA's 2022 Annual Meeting, to be held September 15–17, 2022 at the San Diego Hilton Bayfront Hotel.
"We appreciate the opportunity to come together as a statewide legal community, recognize our shared goals, and shine a spotlight on members who are improving our profession and beyond," CLA's CEO and Executive Director Oyango A. Snell said.
"We are looking forward to hosting a fun evening of entertainment and socializing to raise money for essential programs that benefit the public. We hope this is the first of many annual galas celebrating heroes in the legal profession," CLA President Jeremy M. Evans said.
The Gala will benefit the California Lawyers Foundation, which shares CLA's mission and is focused on civics education and development among our youth, and the California Judges Foundation, which is dedicated to educating the public about the importance of an impartial judiciary.
About California Lawyers Association: Established in 2018, CLA is the bar association for all California attorneys. CLA's mission is to promote excellence, diversity and inclusion in the legal profession and fairness in the administration of justice and the rule of law.
About California Judges Association: CJA is dedicated to promoting judicial excellence to achieve fair, impartial and equal justice for all through education, ethics, inclusivity, outreach, and advocacy.
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SOURCE California Lawyers Association | https://www.kxii.com/prnewswire/2022/07/27/california-legal-community-introduces-gala-event-support-access-justice-civics-education-programs/ | 2022-07-27T21:44:18Z |
WASHINGTON, June 15, 2022 /PRNewswire/ -- GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) ("GreenPower"), a leading manufacturer and distributor of zero-emission, electric-powered, medium and heavy-duty vehicles, today hosted an event at the U.S. Capitol demonstrating its lineup of electric school buses including GreenPower's Type D BEAST and Type A Nano BEAST and flagship commercial electric transit vehicle, the EV Star.
GreenPower hosted members of Congress, West Virginia state delegates, school district personnel and the general public to review the health benefits of electric vehicles for our children and communities, the safety and reliability of zero-emission school buses, and various funding programs available to school districts. Participants were able to learn about the BEAST, Nano BEAST and EV Star, as well as the opportunity to speak with lawmakers on investing in advanced mobility, U.S. manufacturing and healthier communities.
"We are honored to showcase GreenPower's purpose-built electric vehicles alongside esteemed officials in Washington D.C. today," said Brendan Riley, President and Director of GreenPower. "It is heartening that so many federal, state, and local officials have taken such an active interest in not only the obvious environmental benefits of zero-emission electric school bus advancements, but the tremendous health advantages for our children and our communities."
The event featured remarks from Sen. Shelley Moore Capito (R-WV), Rep. Paul Tonko (D-NY) and Rep. Nanette Barragán (D-CA). In addition, West Virginia State Senate President and Lieutenant Governor Craig Blair, State Delegates Paul Espinosa and Christopher Toney, and Federal Funds and Grants Director of the WV Dept. of Economic Development, Vic Sprouse spoke at the event.
"Our delegation is happy to represent the state of West Virginia in partnership with GreenPower at the U.S. Capitol in support of electrifying the transportation network and bringing environmentally sustainable vehicles to our streets," said Senate President and Lieutenant Governor Craig Blair. "With rebates of up to $375,000 currently available as a result of the Bipartisan Infrastructure Law, school districts need to make the move to upgrade to electric school buses like the GreenPower BEAST."
Attendees also heard from the Greater Washington Region Clean Cities Coalition and Moms Clean Air Force.
GreenPower is committed to providing innovative, technology forward, purpose-built vehicles to the market and accelerated adoptions of zero-emission vehicles means a healthier and more sustainable environment for our communities and for the future.
Last month, GreenPower announced the BEAST and Nano BEAST all-electric school buses are eligible for rebates under the EPA Clean School Bus program which will provide five billion dollars over five years (FY 2022-2026) to replace existing school buses with clean and zero-emission models to help bring healthier transportation solutions to students around the country. Under the EPA program, qualified purchasers of GreenPower's Type D BEAST all-electric school bus are eligible for a rebate of up to $375,000 and up to $285,000 for GreenPower's Type A Nano BEAST all-electric school bus. Online applications will close on August 19, 2022.
GreenPower's All-Electric Type A Nano BEAST school bus
Media and Investor Contacts:
Brendan Riley
GreenPower President
(510) 910-3377
Mike Cole
Investor Relations
(949) 444-1341
Allie Potter
Skyya PR for GreenPower
(218) 766-8856
allie@skyya.com
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van, and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. GreenPower was founded in Vancouver, Canada with primary operational facilities in southern California. Listed on the Toronto exchange since November 2015, GreenPower completed its U.S. IPO and NASDAQ listing in August 2020. For further information go to www.greenpowermotor.com
This document contains forward-looking statements relating to, among other things, GreenPower's business and operations and the environment in which it operates, which are based on GreenPower's operations, estimates, forecasts, and projections. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as "upon", "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict or are beyond GreenPower's control. A number of important factors, including those set forth in other public filings (filed under the Company's profile on www.sedar.com), could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. GreenPower disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. © 2022 GreenPower Motor Company Inc. All rights reserved.
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SOURCE GreenPower Motor Company | https://www.kxii.com/prnewswire/2022/06/15/greenpower-hosts-educational-display-demonstration-all-electric-school-buses-commercial-vehicles-us-capitol/ | 2022-06-15T23:49:15Z |
POTOMAC, Md., May 4, 2022 /PRNewswire/ -- Ernst & Young LLP (EY US) today announced that Rick Rudman, CEO of Curbio was named an Entrepreneur Of The Year® 2022 Mid-Atlantic Award finalist. Entrepreneur Of The Year is one of the preeminent competitive business awards for entrepreneurs and leaders of high-growth companies who think big to succeed.
Rudman was selected by a panel of independent judges according to the following criteria – entrepreneurial spirit, purpose, growth and impact – among other core contributions and attributes.
"Curbio has set out to transform home improvement for real estate agents, brokerages, and homeowners. Our completely turnkey approach to fix now, pay-at-closing home improvement is helping to shape a new era in the real estate industry," said Rudman. "It's an honor to be representing the truly entrepreneurial spirit of Curbio by being named a finalist for Entrepreneur Of The Year."
Regional award winners will be announced on June 29, 2022. The regional winners will then be considered by the National independent judging panel, and National awards will be presented in November at the Strategic Growth Forum®, one of the nation's most prestigious gatherings of high-growth, market-leading companies. The Entrepreneur Of The Year National Overall Award winner will then move on to compete for the EY World Entrepreneur Of The Year™ Award in June 2023.
For over 35 years, EY US has celebrated the unstoppable entrepreneurs who are building a more equitable, sustainable and prosperous world for all. The Entrepreneur Of The Year program has recognized more than 10,000 US executives since its inception in 1986. Entrepreneur Of The Year Award winners have exclusive, ongoing access to the experience, insight and wisdom of fellow alumni and other members of the entrepreneurial community in over 60 countries — all supported by vast EY resources.
About Curbio
Curbio was founded in 2017 to transform the multi-billion-dollar home improvement industry and has quickly become the nation's leading pay-at-closing home improvement solution. The company partners exclusively with real estate agents and their clients to get any home ready for the market, allowing it to sell faster and for top dollar. Using technology to power their service, Curbio completes pre-listing home improvement projects of any size quickly and without hassle, from start to finish, with zero payment due until the home sells. Curbio is trusted by thousands of realtors and brokerages nationwide, and has been continuously recognized for its exemplary solution, receiving nods in HousingWire, Qualified Remodeler and Comparably, to name a few.
Sponsors
Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards are presented by PNC Bank. In the Mid-Atlantic, sponsors also include ADP, CBRE, Cooley LLP, Donnelly Financial Solutions (DFIN), DLA Piper LLP, and Kelly Benefits Strategies.
About Entrepreneur Of The Year®
Entrepreneur Of The Year is the world's most prestigious business awards program for unstoppable entrepreneurs. These visionary leaders deliver innovation, growth and prosperity that transform our world. The program engages entrepreneurs with insights and experiences that foster growth. It connects them with their peers to strengthen entrepreneurship around the world. Entrepreneur Of The Year is the first and only truly global awards program of its kind. It celebrates entrepreneurs through regional and national awards programs in more than 145 cities in over 60 countries. National overall winners go on to compete for the EY World Entrepreneur Of The Year™ title. ey.com/us/eoy
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SOURCE Curbio | https://www.mysuncoast.com/prnewswire/2022/05/04/ey-announces-rick-rudman-curbio-an-entrepreneur-year-2022-mid-atlantic-award-finalist/ | 2022-05-04T18:33:47Z |
WASHINGTON (AP) — House Democrats pushed ahead Wednesday with legislation that would ban certain semi-automatic weapons as they considered their most far-reaching response yet to this summer’s series of mass shootings.
Democrats hope that the 100-page bill moving through the Judiciary Committee will pass the House before the August break. But that is far from assured because some moderates in the party, especially those from swing districts, are wary of a vote on broad gun controls before the November elections — especially when the bill has little chance of becoming law due to opposition in the Senate.
Democrats can afford to lose only four votes if Republicans are united in opposition to the ban. Maine Rep. Jared Golden, who represents a GOP-leaning district, is one of the few Democrats who have indicated a “no” vote.
“I don’t support any version of that,” Golden said. He is joined by Rep. Henry Cuellar, D-Texas, who is also facing a tough reelection race, and has said he doesn’t believe in bans on weapons.
Despite not yet having full support from his caucus, Rep. David Cicilline, D-R.I., the bill’s lead sponsor, said he is confident he can get the required votes, even if that involves reaching out for Republican support.
“There are more guns than people in this country, more mass shootings than days in the year. This is a uniquely American problem, and assault weapons only magnify the epidemic,” Cicilline said during the committee hearing.
The renewed push comes nearly two decades after Congress allowed similar restrictions to lapse. The original ban passed in 1994, led by then-Sen. Joe Biden, D-Del., and outlawed certain semi-automatic weapons and large-capacity magazines. It exempted an estimated 1.5 million of those weapons and 25 million that were already owned by people in the United States.
In the nearly three decades since, mass shootings have become alarmingly frequent, with semi-automatic weapons often used in attacks on schools, workplaces, public spaces, stores, churches and other places where people gather.
“An assault weapon’s only purpose is to kill people efficiently,” said Rep. Jerrold Nadler, D-NY., the committee chairman. “It is time to protect our communities and to ban them once more.”
Republicans said the proposal was an attack on Second Amendment rights.
“Democrats know this legislation will not reduce violent crime or reduce the likelihood of mass shootings, but they are obsessed with attacking law-abiding Americans’ Second Amendment liberties,” said Ohio Rep. Jim Jordan, the top Republican on the committee. “For over 30 years, the Democrats have been running a propaganda campaign to make people believe that ‘assault weapons’ are a specific class of firearms that no one needs.”
During the hearing, the committee listened to haunting audio of the 2018 shooting at Marjory Stoneman Douglas High School in Parkland, Florida, during which 17 people were killed and 17 more wounded. Dozens of rapid-fire shots could be heard in the course of just 1 minute and 18 seconds along with the distressed screams of those trying to escape.
The hearing also comes in the wake of a July Fourth shooting at a parade in Highland Park, Illinois, and mass shootings in Buffalo, New York and Uvalde, Texas.
Democratic Rep. Brad Schneider whose district represents Highland Park, said that “getting these weapons of war off the streets, at the very least, will reduce the lethality, if not necessarily the frequency, of these just horrific fatalities that have devastated my community.”
Congress last month passed the most significant gun violence measure in decades, mandating background checks for gun buyers age 18 to 21 as well as allocating money for states to enact “red flag” laws.
But the bill fell far short of the steps that President Biden and Democrats say are needed.
“We’re paying for these weapons of war on our streets with the blood of our children sitting in our schools,” said Rep. Lucy McBath, D-Ga., whose 17-year-old son was shot and killed at a gas station in 2012.
Cicilline said that the protection of the Second Amendment is not without limits. He said the Democratic proposal is focused on assault-style rifles, which are not what the majority of guns law-abiding people buy and own.
“Dangerous military weapons that were created to fight on the battlefield and slaughter enemies do not belong in the neighborhoods and schools and movie theaters where we live,” he added.
___
Associated Press writer Kevin Freking contributed to this report. | https://cw33.com/news/politics/ap-politics/democrats-push-for-1st-semi-automatic-gun-ban-in-20-years/ | 2022-07-20T23:23:12Z |
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