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The Door, a church in McAllen, confirmed that its production was unauthorized and "infringed on the rights and copyrights of many" in a letter shared to the church's social media accounts. The Door also said it would "destroy any and all video or sound recordings and images" of the unauthorized performances and rehearsals.
"The Door Christian Fellowship McAllen Church did not ask for, or receive, a license from the producers or creators of 'Hamilton' to produce, stage, replicate or alter any part of 'Hamilton'; nor did we seek prior permission to alter Lin-Manuel Miranda's work by changing the music, the lyrics, deleting songs, and adding dialogue," the church said in its statement.
The statement comes weeks after the official "Hamilton" team sent the church a cease-and-desist letter, which allowed the church to continue with its planned second performance but requested that the show not be livestreamed, recorded or shared on social media. "Hamilton" isn't available for licensing to theater companies, though professional, authorized productions still run on Broadway and tour the country.
Per copyright law, churches are allowed to perform copyrighted music during religious services, but that exemption does not allow for streaming or distribution of those performances and does not extend to any other public performances outside of a religious service.
"I recognize as the Pastor of the church that I have an obligation and responsibility to follow the law and educate our community about these protocols," the unsigned letter read. The church's website identifies its senior pastor as Roman Gutierrez.
The Door will never again stage its version of "Hamilton" again and will ask its members to erase all media from the production. It will also pay damages, according to its statement.
"Hamilton," for its part, will donate all damages paid by The Door to the South Texas Equality Project, a coalition of organizations that support LGBTQ Texans in the Rio Grande Valley, where McAllen is located, "Hamilton" spokesperson Shane Marshall Brown told CNN on Wednesday.
The Door did not immediately respond to CNN's request for comment.
'Hamilton' officials say they didn't know the Door changed lyrics
When the "Hamilton" team allowed The Door to continue with its second performance, it was not aware of "the extensive changes to the show or that there would be a sermon at the end," "Hamilton" spokesperson Brown said earlier this month.
The Door's production of "Hamilton" included multiple references to Jesus, according to footage from the first livestreamed performance that was preserved online and shared by writer and atheist advocate Hemant Mehta.
In one clip, a character appears to read from the Bible while Alexander Hamilton is in crisis. The character tells him that "God is the only one that can help you right now."
In another clip, an actor playing Eliza Schuyler sings, "My hope is in Jesus. If you could just give him a chance today, that would be enough."
Other footage shared by Mehta reportedly shows The Door pastor Victor Lopez addressing the audience onstage with the "Hamilton" set behind him. In the clip, Lopez says: "Maybe you struggle with alcohol, with drugs, homosexuality. Maybe you struggle with other things in life, your finances, whatever, relationships -- God can help you tonight."
"Hamilton" creator Miranda is a staunch supporter of the LGBTQ community, famously delivering a sonnet in his 2016 Tony Awards acceptance speech in support of victims killed in the shooting at Pulse, a gay nightclub in Orlando.
"The 'Hamilton' family stands for tolerance, compassion, inclusivity and certainly LGBTQ+ rights," Brown said in a statement to CNN earlier this month, adding that the production would determine further action based on the changes to the script.
Earlier this month, Miranda thanked the Dramatists Guild, a professional trade association for theater writers that condemned The Door's production, and fans who brought the musical to the attention of the "Hamilton" team.
"Grateful to all of you who reached out about this illegal, unauthorized production. Now lawyers do their work," he tweeted. "And always grateful to the @dramatistsguild, who have the backs of writers everywhere, be it your first play or your fiftieth."
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accounts, the history behind an article. | https://www.albanyherald.com/entertainment/texas-church-that-performed-hamilton-without-permission-apologizes-and-says-it-will-pay-damages/article_20259912-119c-5806-b395-81a97ff67b97.html | 2022-08-24T16:53:26Z |
AUSTIN (KXAN) — A Texas judge penned the chairman and CEO of Walt Disney recommending the company relocate from Florida to Texas this week amid a feud between Florida Gov. Ron DeSantis and Disney.
“While you, your company, employees, and diverse fans face authoritarian, anti-business, and culture war attacks from extremists in Florida, we in Fort Bend are more ready to welcome the Disney family with thousands of good paying jobs and billions of dollars of investments,” Fort Bend County Judge KP George wrote.
DeSantis signed a law that will dissolve Reedy Creek Improvement District, which is a private government controlled by Disney (why does Disney have its own private government in Florida in the first place? You can find the answer to that here).
It’s a law many believe is nothing more than retaliation for Disney’s public criticism of Florida’s signed bill that critics call the “Don’t Say Gay” law, which bars teaching sexual orientation and gender identity in schools before fourth grade.
The Texas judge tweeted directly at DeSantis, calling him a “political extremist” and touting Fort Bend County’s diversity. He also followed up with a series of Disney-themed follow-up posts (memes were used).
“I invite you to visit Fort Bend County and see for yourself why our community is the best place for a new Walt Disney World Resort,” George said.
Meanwhile, Texas Lt. Gov. Dan Patrick announced he wants to create a Texas version of the “Don’t Say Gay” law that aims to give parents more rights when it comes to what their kids learn in school. Patrick said this bill would be a priority in the 2023 session. | https://cw33.com/news/national/disney-in-texas-judge-invites-company-to-move-amid-desantis-feud/ | 2022-04-25T00:48:46Z |
Unanimous Vote Reflects Enthusiasm of Workers
SAN FRANCISCO, July 18, 2022 /PRNewswire/ -- Drivers, mechanics and dispatchers working for Transdev Transportation have voted unanimously to join Teamsters Local 665. The workers provide paratransit services for San Francisco, Santa Rafael and other cities throughout the Bay Area.
"These workers demonstrated immense solidarity and enthusiasm throughout this campaign and we're honored to represent them," said Tony Delorio, Local 665 Secretary-Treasurer. "We're looking forward to bringing this momentum to the bargaining table."
"We're 100 percent committed to organizing as much of the transit and paratransit industries as humanly possible," said Matt Taibi, Teamsters Passenger Transportation Division Director. "Paratransit workers are everyday heroes who help some of society's most vulnerable people live their lives to the fullest. They deserve a union contract that reflects their service to their communities."
Janet Gunn has been a driver at Transdev for six years.
"We reached out to Local 665 a couple of months ago about organizing because we heard about how good the wages and benefits are for the other paratransit providers in our area that already have a Teamster contract," Gunn said. "I'm so excited to be a part of this!"
Teamsters Local 665 represents over 5,000 members throughout the Bay Area in a wide variety of industries. For more information, go to https://www.teamsters665.org/.
Contact:
Matt McQuaid, (202) 624-6877
mmcquaid@teamster.org
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SOURCE International Brotherhood of Teamsters | https://www.wibw.com/prnewswire/2022/07/18/transdev-workers-join-teamsters-local-665/ | 2022-07-18T16:23:14Z |
Hughes JUPITER System Ground Platform is 5G Ready for Mobile Network Operators Today
GERMANTOWN, Md., June 14, 2022 /PRNewswire/ -- Hughes Network Systems, LLC (HUGHES), an innovator in satellite and multi-transport technologies and networks for 50 years, today announced the successful testing of 5G satellite backhaul with the company's JUPITER™ System ground platform. Over a series of tests at its Germantown, MD, gateway, Hughes engineers connected 5G smartphones to the internet with JUPITER System infrastructure – including a very small aperture terminal (VSAT), gateway and high throughput satellite. The tests validated the compatibility of the Hughes technology with a 5G open radio access network (O-RAN) system, representative of any 3GPP standards-based, standalone 5G deployment.
"These interoperability tests confirm the suitability and ease of employing the JUPITER System for 5G cellular backhaul," said Bhanu Durvasula, vice president, international division at Hughes. "We've built our ground platform to be future-proof, so customers have a roadmap to transition from LTE traffic today to 5G tomorrow, with the ease of a software update."
Around the world, mobile network operators currently employ JUPITER System equipment to power thousands of backhaul sites for 2G, 3G and LTE traffic – now with a clear path to 5G.
"In our ever-connected world, satellite plays an essential role in helping mobile network operators serve customers everywhere, even in places where terrestrial solutions are not feasible," continued Durvasula. "Satellite provides resiliency for terrestrial networks during peak hours and emergencies and, as part of the 5G network of networks, will also fill the gaps in terrestrial systems."
The tests were conducted across the deployable, standards-based 5G Open RAN-compliant system from COMSovereign, a U.S.-based developer of 4G LTE advanced and 5G communication systems and solutions. The same system is in use by the National Institute of Standards and Technology ("NIST") for evaluation and demonstration of 5G systems.
"We look forward to potential opportunities to work with Hughes and to assist the entire satellite communications industry in harnessing state-of-the-art 5G and beyond technology," said Dr. Dustin McIntire, CTO of COMSovereign. "Satellite and mobile operators can deploy our 5G solution on their existing hardware without disrupting their architectures, along with excellent quality of experience and maximum utilization of available bandwidth."
In use on more than 75 satellites worldwide, the JUPITER System is the most widely used ground platform, setting the de facto standard for conventional and high-throughput implementations such as satellite internet, enterprise networking, community Wi-Fi hotspots and cellular backhaul.
About Hughes Network Systems
Hughes Network Systems, LLC (HUGHES), an innovator in satellite and multi-transport technologies and networks for 50 years, provides broadband equipment and services; managed services featuring smart, software-defined networking; and end-to-end network operation for millions of consumers, businesses, governments and communities worldwide. The Hughes flagship internet service, HughesNet®, connects millions of people across the Americas, and the Hughes JUPITER™ System powers Internet access for tens of millions more worldwide. Hughes supplies more than half the global satellite terminal market to leading satellite operators, in-flight service providers, mobile network operators and military customers. A managed network services provider, Hughes supports nearly 500,000 enterprise sites with its HughesON™ portfolio of wired and wireless solutions. Headquartered in Germantown, Maryland, USA, Hughes is owned by EchoStar. To learn more, visit www.hughes.com or follow HughesConnects on Twitter and LinkedIn.
About EchoStar
EchoStar Corporation (NASDAQ: SATS) is a premier global provider of satellite communication solutions. Headquartered in Englewood, Colo., and conducting business around the globe, EchoStar is a pioneer in communications technologies through its Hughes Network Systems and EchoStar Satellite Services business segments. For more information, visit echostar.com. Follow @EchoStar on Twitter.
©2022 Hughes Network Systems, LLC, an EchoStar company. Hughes and HughesNet are registered trademarks and JUPITER is a trademark of Hughes Network Systems, LLC.
About COMSovereign Holding Corp.
COMSovereign Holding Corp. has assembled a portfolio of communications technology companies that enhance connectivity across the entire data transmission spectrum. Through strategic acquisitions and organic research and development efforts, COMSovereign has become a U.S.-based communications provider able to provide 4G LTE Advanced and 5G telecom solutions to network operators and enterprises. For more information about COMSovereign, please visit www.COMSovereign.com.
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SOURCE Hughes Network Systems, LLC | https://www.wibw.com/prnewswire/2022/06/14/hughes-successfully-tests-5g-satellite-backhaul-verifies-interoperability/ | 2022-06-14T13:19:25Z |
BEIJING, Sep. 2, 2022 /PRNewswire/ -- Joy Spreader Group Inc. (HKG:6988, "the Group", "Joy Spreader"), a leading marketing technology company listed in Hong Kong, announced its interim results for the fiscal year 2022 on August 31. According to the report, the Group maintained robust business growth in the first half of 2022, with a revenue of HK$1.367 billion, almost matching the revenue of HK$1.396 billion for the full year of 2021. The solid growth was, for the most part, attributable to the Group's rapid expansion in Southeast Asia, with the international e-commerce business bringing in sales of 813,400 units or HK$1.021 billion for the half-year time period.
Based on the underlying logic of algorithmic marketing, coupled with leading preference-driven recommendation algorithms, Joy Spreader has not only accelerated the expansion of the international e-commerce portfolio and achieved rapid sales growth, but also adjusted its interactive entertainment business strategy in line with the evolving macro environment of its domestic business through increased efforts to expand non-interactive entertainment businesses. These adjustments have delivered remarkable results.
In the first half of 2022, Joy Spreader recorded revenue of HK$229 million from interactive entertainment and digital product marketing, and HK$310 million from the domestic short-form video (SFV)-based e-commerce marketing business. The two key businesses, which contributed nearly 70% of the Group's revenue last year, have been hard hit by challenging market conditions during the reporting period, such as tighter regulation policies and the ongoing pandemic. However, profits did not fall off a cliff as they did for the gaming and pure e-commerce sectors, mainly due to the Group's responsive business strategy of enriching its marketable product categories. Joy Spreader witnessed a YoY revenue surge of 151.27% to HK$114 million in its non-interactive entertainment business, which served as an effective hedge against the risks from tightening industry policies and the continuation of the pandemic. The jump in revenue fully proved the Group's forward-looking diversification of the product portfolio, as well as the core strength of its prepaid locked-in traffic model coupled with its high barrier to entry for competitors.
With the progressive implementation of its diversified business development strategy, alongside strong digital technologies that align with the trends driving the mobile web as well as with the business needs of customers, Joy Spreader is well positioned to efficiently utilize new media traffic to facilitate the commercialization of new media, the scalability of its international e-commerce, and the development of IP-based culture-related businesses, in a move to evolve into a leading new media performance-based technology company with global reach by integrating algorithmic marketing, overseas e-commerce, and first-party traffic.
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SOURCE Joy Spreader Group Inc. | https://www.mysuncoast.com/prnewswire/2022/09/02/joy-spreader-announces-2022-interim-results-its-diversified-business-strategy-continues-solidify-fundamentals/ | 2022-09-02T12:41:02Z |
TAMPERE, Finland, Aug. 23, 2022 /PRNewswire/ -- A recently published clinical study confirms the benefits of using fully bioresorbable ActivaPin™ implant together with bioabsorbable suture, for the tension band wire treatment of pediatric medial epicondyle humeral fractures. A tension band wire is a form of orthopaedic internal fixation method used to convert distraction forces into compression forces, promoting bone healing. The results of the retrospective cohort study shows that patients treated with bioresorbable ActivaPin™ were provided a good alternative treatment against traditional non-biodegradable metallic implants but without a need for second surgical intervention (i.e. metal implant removal).
Medial humeral epicondyle fractures account for 10% to 20% of elbow injuries in children. According to the study, the safety and efficiency of bioabsorbable implant is comparable to other novel approaches and traditional metallic implants. However, the non-biodegradable metal implants often require removal surgery that can cause even further complications. The ActivaPin™ implant is made of self-reinforced bioresorbable polymer (PLGA), which safely disappears in the body in approximately two years.
In the study, a total of 24 consecutive patients were retrospectively reviewed between January 2016 and January 2019. The patients underwent operations due to medial humeral epicondyle fractures and were treated with bioresorbable ActivaPin™ along with tension band polydioxanone sutures. Postoperatively, the clinical outcome was confirmed in different follow up time points with X-rays . At 4 weeks, all patients showed callus formation on the X-ray. By the third postoperative month, the range of motion of the elbow was complete in 22 patients, and the other 2 children regained their full range of movement by the sixth month. No growth disturbance, necrosis, or axial malalignment were observed during the follow-up period of 16 - 60 months, neither any nonunion nor delayed union.
"One of the corner stones of Bioretec's strategy is to provide strong clinical evidence of the company's bioresorbable products. Again, we are able to present a safe and efficient surgical technique using fully bioresorbable products for the benefit of the patients. The traditional surgical method with non-bioresorbable products for the treatment of pediatric humeral epicondyle fractures leads to removal operations. According to the authors, many surgeons routinely remove implants from children because they do not want to leave them in the growing bone, and general anesthesia associated with secondary surgery may be a source of additional potential complications. Once more, as secondary operation is not needed with our products, children can return to their normal everyday life and activities faster," says Timo Lehtonen, CEO of Bioretec, a globally operating Finnish medical device company and a pioneer in bioresorbable orthopedic implants.
The ActivaPin™ has been in the market since 2008, and the product is currently used in over 30 countries.
The results of the study (Kassai, Tamás MD; Varga, Marcell MD, PhD; Józsa, Gergö MD, PhD (2022)) were published in Medicine, a well-known peer reviewed scientific journal. The results can be read in full at http://dx.doi.org/10.1097/MD.0000000000029817
Further enquiries
Timo Lehtonen, CEO, tel. +358504338493
Johanna Salko, CFO, tel. +358407548172
Information about Bioretec
Bioretec is a globally operating Finnish medical device company that continues to pioneer the application of bioresorbable orthopedic implants. The company has built unique competencies in the biological interface of active implants to enhance bone growth and accelerate fracture healing after orthopedic surgery. The products developed and manufactured by Bioretec are used worldwide in approximately 40 countries.
Bioretec intends to introduce a new generation of bioresorbable materials with enhanced strength for improved surgical outcome. The new RemeOs™ product line is based on a magnesium alloy and hybrid composite. The RemeOs™ implants are resorbed and replaced by bone, which eliminates the need for removal surgery while facilitating fracture healing. The combination has the potential to make titanium implants redundant and help clinics reach their Value-Based Healthcare targets while focusing on value for patients through efficient healthcare. With the U.S. and EU market authorization for the first RemeOs™ product expected in 2022, Bioretec is positioning itself to enter the addressable USD 7 billion global orthopedic trauma market and become a game changer in surgical possibilities.
Better Healing - Better Life. www.bioretec.com.
This information was brought to you by Cision http://news.cision.com
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SOURCE Bioretec | https://www.wibw.com/prnewswire/2022/08/23/bioretecs-activapin-bioresorbable-implant-provides-good-alternative-treatment-pediatric-elbow-injuries/ | 2022-08-23T07:23:32Z |
Firm helps minimize impact of cybercrime on organizations with speedy detection, accurate response
SAN FRANCISCO, June 6, 2022 /PRNewswire/ -- Lumu, creators of the Continuous Compromise Assessment cybersecurity model that empowers organizations to measure compromise in real time, today launched Lumu's Incident View, providing cybersecurity operators with a single view of their company's cybersecurity stack for threat investigations. Built for proficient cybersecurity operations, its new feature is part of the company's paid tiers, Lumu Insights and Lumu Defender, and it allows for maximum efficiency during critical moments between detection and response.
When it comes to early incident detection and response, operators receive alerts without much context, a problem that Lumu has been working to solve. Lumu's Incident View shows operators everything they need to know in one place for swift and precise response. Teams receive actionable information about who was impacted, when the incident took place and how best to respond before it escalates to a bigger problem. The Incidents View capability contains details about which actions were taken by other elements of a company's cybersecurity stack for better incident management.
"Ransomware attacks are some of the biggest cybersecurity threats for businesses, thanks to the current geopolitical landscape. Couple that with a looming global recession - a period in which threat actors know cybersecurity budgets have been slashed before and are prepared to strike - and you have a recipe for chaos," says Lumu CEO Ricardo Villadiego. "The good news is, as a society we're becoming more vigilant, so CISOs, CTOs and IT directors are prioritizing spending toward solutions that are going to help them minimize the impact of cybercrime in their organizations. That's where Lumu's Incident View comes in."
Villadiego says, "Each incident has a unique attack playbook, so Lumu provides all of the necessary context to understand each and every incident and the specific techniques used by attackers for a more targeted and swift response plan. With this level of detail, cybersecurity operators can take steps to mitigate a malicious incident before it spreads across your organization."
Lumu's Incident View facilitates collaboration with the ability for individuals to leave comments in its dashboard and reply to other team members, tracking progress internally. Security teams can track incidents and the internal progress through the comment section within the incident. They can also communicate with each other to understand if and when action is necessary, or if an action has already been taken.
To learn more about Lumu's Incident View, please visit www.lumu.io or visit us at RSA, booth # 4315 for a demo.
Headquartered in Miami, Florida, Lumu is a cybersecurity company focused on helping enterprise organizations illuminate threats and isolate confirmed instances of compromise. Applying principles of Continuous Compromise Assessment, Lumu has built a powerful closed-loop, self-learning solution that helps security teams accelerate compromise detection, gain real-time visibility across their infrastructure, and close the breach detection gap from months to minutes. Learn more about how Lumu illuminates network blindspots at www.lumu.io.
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SOURCE Lumu | https://www.mysuncoast.com/prnewswire/2022/06/06/lumu-launches-new-incident-view-faster-attack-management-built-empower-security-teams/ | 2022-06-06T14:15:17Z |
Unlimited Sip Club includes all self-serve coffee and tea, NEW Panera Charged Lemonades, and Pepsi-Cola® products
ST. LOUIS, April 19, 2022 /PRNewswire/ -- Today, Panera announces the launch of Unlimited Sip Club, the first-ever nationwide unlimited beverage subscription for all self-serve beverages. For $10.99 per month (plus tax), Panera is expanding its industry-disrupting unlimited coffee subscription to incorporate the entire Panera portfolio of self-serve beverages, including hot and iced coffee, hot and iced teas (regular, Sweet Tea* and Passion Papaya Green Iced Tea), Agave Lemonade, Pepsi-Cola fountain beverages, and Panera's newly launched Charged Lemonades**. Guests who sign up for the Unlimited Sip Club from today through May 6 will receive a free subscription through July 4**.
"At Panera, we believe in making great food experiences accessible to all—we're disrupting fast casual once again, providing unlimited access to high-quality beverages at tremendous value—just $10.99 a month," said Niren Chaudhary, CEO, Panera Bread. "Our guests have loved the subscription model and the convenience and value it brings to their daily lives. From our new Charged Lemonades to our fan favorite Passion Papaya Green Iced Tea to bubly™ Lime from PepsiCo, we're excited to give our guests even more choice and more beverage options to fuel their day."
Unlimited Sip Club is available to members of MyPanera®, Panera's free loyalty program. MyPanera members can register today for the subscription via the Panera website, mobile app and kiosk and unlimited self-serve beverages are just an order away. In total, 26 beverages are now part of Unlimited Sip Club, including:
- Drip Hot Coffee (100% Colombian Light Roast & Dark Roast, Decaf, Hazelnut)
- Iced Coffee (100% Colombian Dark Roast)
- Hot Tea (The Republic of Tea premium teas and herbs, including: British Breakfast, Earl Greyer, Mango Ceylon, Ginger Peach, Honey Ginseng Green, and Orange Ginger Mint Herb)
- Iced Tea & Lemonade (Black Iced Tea, Sweet Tea*, Passion Papaya Green Tea, Agave Lemonade)
- Fountain Soda (Pepsi®, Diet Pepsi®, Mountain Dew®, Sierra Mist®, bubly™ Lime, Brisk® Raspberry Tea, Dr Pepper®, and Canada Dry® Ginger Ale)
- Charged Lemonades (Fuji Apple Cranberry, Mango Citrus Yuzu, and Strawberry Lemon Mint)
New Panera Charged Lemonades
Launching alongside Unlimited Sip Club are new Panera Charged Lemonades, a thirst-quenching beverage that brings energizing lift in bold, bright flavors. Fueled by Clean caffeine from Guarana and green coffee extract, Charged Lemonades come in three inspired and vibrant flavor combinations: Strawberry Lemon Mint, Fuji Apple Cranberry and Mango Yuzu Citrus. Each beverage strikes the perfect balance of flavor and energy, mixing Panera's signature Agave Lemonade with delicious flavors and enhancing the beverage with a caffeinated boost. In fact, a 20 fl. oz. Charged Lemonade without ice has about the same amount of caffeine as a Panera 20 fl. oz. hot Dark Roast coffee.
"Our three new Charged Lemonades are a refreshing new way to get your energy boost in true Panera fashion - with delicious flavors, powered by Clean plant-based caffeine from guarana and green coffee extract. Using our iconic Agave Lemonade as the base, our chefs added bold flavors like Mango Yuzu and Fuji Apple," said Eduardo Luz, Chief Brand & Concept Officer, Panera Bread. "These Charged Lemonades reach a new guest looking for an alternative to traditional energy drinks, and are great examples of our culinary principle, The Familiar, Made FantasticTM. With the addition of Charged Lemonades, the Unlimited Sip Club has a distinctive portfolio of drinks that can satisfy all our guests."
"PepsiCo is excited to partner with Panera to reshape the way beverages are served with The Unlimited Sip Club," said Scott Finlow, Global CMO Foodservice, PepsiCo. "We are continuously innovating our portfolio of beverages to meet the complex and ever-evolving needs of consumers and this first-of-its-kind subscription program provides Panera customers with beverage options for every occasion throughout the day."
Panera self-serve beverages are available nationwide in Panera bakery-cafes, on Panera's e-commerce site, and via the Panera app. The new Unlimited Sip Club subscription is available for $10.99 per month plus tax and includes one self-serve beverage every two hours during regular bakery-cafe hours, including free refills at participating U.S. Panera Bread bakery-cafes. Guests who sign up for the Unlimited Sip Club from today through May 6 will receive a free subscription through July 4.
For more information, or to sign up for the Unlimited Sip Club, visit www.panerabread.com/unlimitedsipclub or download the Panera app.
*Available only in select markets
**New and lapsed subscribers that sign up for an Unlimited Sip Club Subscription from 4/19/2022 through 5/6/2022 will receive free Unlimited Sip Club Subscription through July 4, 2022. The Unlimited Sip Club Subscription ("Beverage Subscription") is available for registration and redemption in participating U.S. Panera Bread bakery-cafes. Must be a MyPanera member and at least 18 years of age or older to register. Registration available online only including Kiosk. You may cancel at any time. If you do not cancel either before your renewal date or after the expiration of any free trial or discounted offer, your credit card will automatically be charged $10.99 plus tax for the monthly subscription and will be charged on a recurring monthly basis every thirty (30) days thereafter until you cancel your subscription. To cancel your subscription online, visit the Cancellation section at www.panerabread.com/UnlimitedSipClub or on the Panera Bread app. The Beverage Subscription entitles eligible subscribers to the following Subscription benefits: drip hot coffee, iced coffee, hot tea, fountain soda beverages, bubbler drinks (Regular, Sweet, and Passion Papaya Green iced teas, and Agave lemonade) and Charged Lemonade beverages (Fuji Apple Cranberry, Mango Citrus Yuzu and Strawberry Lemon Mint) once every two hours plus unlimited refills. Excludes all other beverages, including without limitation, cold brew iced coffee and espresso and cappuccino beverages. Customizations including but not limited to added Espresso and Syrups are not included in the Beverage Subscription monthly price. Upcharges apply. Other additions such as Milk, Skim Milk, Almond Milk, Half & Half, Sweeteners are included in the monthly subscription price. Excludes catering orders and orders placed on third party delivery sites. One subscription per person. Visit here for complete terms www.panerabread.com/UnlimitedSipClub. No cash back unless required by law. Not valid with any other coupon or offer. Offer may expire without notice due to error, fraud or other unforeseen circumstances. Cannot be combined with other promotions.
About Panera Bread
30 years ago, at a time when quick service meant low quality, Panera set out to challenge this expectation. We believed that food that was good and that you could feel good about, served in a warm and welcoming environment by people who cared, could bring out the best in all of us. To us, that is food as it should be and that is why we exist.
So, we began with a simple commitment: to bake bread fresh every day in our bakery-cafes. No short cuts, just bakers with simple ingredients and hot ovens. Each night, any unsold bread and baked goods were shared with neighbors in need.
These traditions carry on today, as we have continued to find ways to be an ally for wellness to our guests. That means crafting a menu of soups, salads, and sandwiches that we are proud to feed our families. Like poultry and pork raised without antibiotics on our salads and sandwiches. A commitment to transparency and options that empower our guests to eat the way they want. Seasonal flavors and whole grains. And a commitment to Clean food, which is food that does not contain the artificial preservatives, sweeteners, flavors, and colors from artificial sources set forth on our No-No list in the food in our U.S. bakery-cafes. Why? Because we think that simpler is better and we believe in serving food as it should be. Because when you don't have to compromise to eat well, all that is left is the joy of eating.
We're also focused on improving quality and convenience. With investments in technology and operations, we now offer new ways to enjoy your Panera favorites – like mobile ordering and Rapid Pick-Up® for to-go orders and delivery – all designed to make things easier for our guests.
As of March 29, 2022, there were 2,117 bakery-cafes in 48 states and in Ontario, Canada, operating under the Panera Bread® or Saint Louis Bread Co.® names. Panera Bread is part of Panera Brands, one of the largest fast casual restaurant companies in the U.S., comprised of Panera Bread®, Caribou Coffee® and Einstein Bros.® Bagels. For more information, visit panerabread.com or find us on Twitter (@panerabread), Facebook (facebook.com/panerabread) or Instagram (@panerabread).
Media Contacts
ALISON BROD MARKETING + COMMUNICATIONS
panera@abmc-us.com
SLOANE PR
panera-sloane@sloanepr.com
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SOURCE Panera Bread | https://www.kxii.com/prnewswire/2022/04/19/panera-is-first-national-restaurant-company-offer-an-unlimited-self-serve-beverage-subscription-introducing-unlimited-sip-club/ | 2022-04-19T10:45:43Z |
SHENZHEN, China, June 22, 2022 /PRNewswire/ -- SeekIn (Shenzhen, China) has developed several blood-based solutions to simplify and enhance cancer diagnosis and analysis. This technology can be easily adopted in many countries for early detection, treatment response and recurrence monitoring. All for the benefit of patients who will have access to quicker and less painful means of screening for cancer. SeekIn and Inspire2Live are collaborating to make this technology available to as many people as possible at low cost.
A revolution in cancer diagnosis
SeekIn products are based on blood samples and require no biopsy or imaging equipment, making them a low-cost and patient-friendly solution.
How it works
Blood samples are analysed for Protein Tumour Markers (PTM), in combination with shallow Whole Genome Sequencing (sWGS). The resulting data are processed by SeekIn's cloud-based software using Artificial Intelligence and big data to analyse the resulting data sets. SeekIn software covers the most common aggressive cancers and its specificity and sensitivity are considered better than traditional approaches in the realm of early detection, recurrence monitoring and treatment response.
SeekIn products like SeekInCare®, SeekInClarityTM and SeekInCureTM are based on both PTM and sWGS, offering not only further improvement in the effectiveness of screening, diagnostics and monitoring but also the opportunity to enhance existing tools, potentially even replacing some of them in the future. By utilizing artificial intelligence, OncoSeek® offers simple and improved PTM-based early detection for all aggressive cancers at low cost, making it suitable for low- and middle-income countries.
Joining forces for the benefit of patients
SeekIn and Inspire2Live are collaborating to support the rollout of this technology in as many countries as possible by leveraging Inspire2Live's network and implementation capabilities. Inspire2Live is participating in this collaboration on a not-for-profit basis with the sole aim of providing more patients with access to quicker and less painful means of screening and diagnosis.
About SeekIn
SeekIn Inc is a biotech company founded in early 2018 in Shenzhen, China, focusing on blood-based pan-cancer early detection utilizing next-generation sequencing and artificial intelligence. Since founded, SeekIn has been committed to providing cutting-edge and cost-effective solutions for cancer early detection, postoperative recurrence monitoring, and treatment response evaluation. SeekIn also developed novel molecular tests for leukemia patients. Its cancer early detection technology has been applied to canines as well. With its proprietary technical advances, SeekIn has launched a number of research and clinical studies in collaboration with top-tier hospitals in China. SeekIn envisions that by leading a new norm for cancer early detection the clinical outcome of mid-/late-stage cancer patients can be reversed and the cancer mortality rate can be reduced by 15%. For more information about SeekIn's cutting-edge technologies and products, visit www.seekincancer.com.
About Inspire2Live
Inspire2Live is an international patient advocacy organisation operating on an international level. We are on a mission to inspire and empower patients, researchers and clinicians to work together to prevent, treat and eliminate cancer. If we all believe that healthcare should be for the benefit of patients, then we should be part of the discussion and the decision process: When about us, not without us. We achieve our goals by connecting stakeholders in the medical industrial complex and organising congresses and discovery networks. These connections have led to many initiatives which are transforming the way research and healthcare work to become more patient-centric. We operate globally in full respect of local considerations. For more information please visit our website https://inspire2live.org/
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SOURCE SeekIn Inc | https://www.mysuncoast.com/prnewswire/2022/06/22/ground-breaking-new-technology-multi-cancer-early-detection/ | 2022-06-22T12:24:39Z |
- Klaytn Foundation and OpenSea have announced a partnership targeting the Asian NFT ecosystem.
- Efforts include an NFT conference and ecosystem development initiatives.
SINGAPORE, June 23, 2022 /PRNewswire/ -- Asia's dominant metaverse blockchain ecosystem, Klaytn Foundation, has joined forces with OpenSea, the world's leading marketplace for NFTs, to invest in the Asian NFT ecosystem.
The partnership, which was announced at NFT.NYC, is the first-of-its-kind dedicated to accelerating the growth and adoption of NFTs in Asia.
NFTs, which are unique ("non-fungible") digital assets that are individually identifiable and traceable, are the key building blocks of the metaverse in Web3. The technology promises to enable individuals to have true ownership of digital assets, including user-created digital content distributed in the metaverse, or even digital representation of physical assets in the real world. The partnership, which will include conference collaborations, ecosystem grants, and more, will scale-up the NFT ecosystem, strengthen ties, and bring greater visibility to Asian NFT projects worldwide.
"We're excited to partner with OpenSea on this critical step towards our vision of building a blockchain for metaverse, gamefi and the creator economy," said David Shin, Head of Global Adoption at Klaytn Foundation. "Through these partnership initiatives, our goal is to draw out innovative use cases and support the growth of the Klaytn ecosystem in Asia."
So far, Klaytn has forged strong partners in Asia, including Singapore-based Altava Group, Thailand-based East NFT, Japan-based Soramitsu and China-based Blockchain-based Service Network (BSN), just to name a few.
More details on the various initiatives will be released at a later date on Klaytn official channels. Visit https://linktr.ee/klaytnofficial for the latest news from Klaytn.
Projects and developers can also tap on Klaytn Growth Fund (KGF), developers tools and resources, and look forward to an end-to-end metaverse support package that Klaytn is building through onboarding strategic partners to provide infrastructure and other support services.
About Klaytn Foundation
Klaytn Foundation is a non-profit organization that was established to accelerate global adoption and ecosystem maturity on Klaytn. The foundation manages the US$500m Klaytn Growth Fund and operates alongside Krust, the holding company for all overseas ventures of internet giant Kakao Corp.
Interested to connect with Klaytn in-person? The team is currently at New York City until 25 June 2022. Reach out to them at partnership@klaytn.foundation to schedule a meetup.
About OpenSea
OpenSea is the world's leading peer-to-peer marketplace for NFTs. We're on a mission to help the world's creators, collectors and collaborators own and shape their relationships directly. We're building the world's most trusted and inclusive NFT marketplace with the best selection – making minting, purchasing and selling NFTs frictionless and friendly, and offering unmatched selection and multi-chain options for creators and collectors of all kinds. Headquartered in New York, the OpenSea leadership team comes from Google, Palantir, Lyft, Uber, Stanford and Berkeley. Investors include a16z, Paradigm, Coatue, YCombinator, Founders Fund, Coinbase Ventures, 1Confirmation, and Blockchain Capital.
- - -
For media enquiries or partnership collaboration opportunities, please contact:
Marketing and Communications, Klaytn Foundation
Becky Koh
Email: jy.becky@klaytn.foundation
Corporate Communications, Klaytn Foundation
Kimberley Kok
Email: kimberley.kok@klaytn.foundation
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SOURCE Klaytn Foundation | https://www.kxii.com/prnewswire/2022/06/23/klaytn-partners-with-opensea-spur-growth-asia/ | 2022-06-23T23:46:03Z |
NEW YORK, June 14, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Pegasystems Inc. (NASDAQ: PEGA) alleging that the Company violated federal securities laws.
This lawsuit is on behalf of all persons and entities that purchased PEGA common stock between May 29, 2020 and May 9, 2022, inclusive.
Lead Plaintiff Deadline: July 18, 2022
No obligation or cost to you.
Learn more about your recoverable losses in PEGA:
https://www.kleinstocklaw.com/pslra-1/pegasystems-inc-loss-submission-form?id=28440&from=4
Pegasystems Inc. NEWS - PEGA NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Pegasystems Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) PEGA had engaged in corporate espionage and misappropriation of trade secrets to better compete against Appian, a principal competitor; (2) defendants' product development and associated success was, in significant part, not the result of its own research and product testing but rather the result of such corporate espionage and trade secret theft; (3) defendants had engaged in a scheme to steal Appian trade secrets, which was not only known to, but carried out through, the personal involvement of the Company's CEO; (4) the Company's CEO and other officers and employees did not comply with the Company's written Code of Conduct, including its express prohibition on "stealing" confidential information from a competitor and "misrepresenting your identity in hopes of obtaining confidential information"; (5) the Company was "unable to reasonably estimate damages" in the lawsuit filed by Appian as a result of the foregoing misconduct (the "Appian Litigation"); and (6) as a result of the foregoing, defendants' statements about PEGA's business, operations, prospects, legal compliance, and potential damages exposure in the Appian Litigation were materially false and/or misleading and/or lacked a reasonable basis when made.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in PEGA you have until July 18, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased PEGA securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the PEGA lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/pegasystems-inc-loss-submission-form?id=28440&from=4.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com
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SOURCE The Klein Law Firm | https://www.mysuncoast.com/prnewswire/2022/06/14/pega-alert-klein-law-firm-announces-lead-plaintiff-deadline-july-18-2022-class-action-filed-behalf-pegasystems-inc-shareholders/ | 2022-06-14T10:29:15Z |
Judge: Trump must pay $110K, meet conditions to end contempt
NEW YORK (AP) — A New York judge has stopped the clock on Donald Trump’s $10,000-a-day fine for failing to turn over documents in a state civil investigation and said Wednesday he’ll lift the former president’s contempt finding altogether if he meets certain conditions, including paying $110,000 in fines he’s racked up so far.
Judge Arthur Engoron said he will conditionally lift Trump’s contempt finding if, by May 20, Trump submits additional affidavits detailing efforts to search for the subpoenaed records and explaining his and his company’s document retention policies; a company he hired to aid the search completes its work; and he pays the fines.
Engoron found Trump in contempt on April 25 and fined him $10,000 per day for not complying with a subpoena for documents in New York Attorney General Letitia James’ investigation into his business practices, which she said has uncovered evidence that Trump may have misstated the value of assets like skyscrapers and golf courses on financial statements for over a decade.
The total Engoron ordered Trump to pay is the amount of fines accrued through last Friday, when Trump’s lawyers submitted 66 pages of court documents detailing the efforts by him and his lawyers to locate the subpoenaed records. Engoron could reinstate the fine if the conditions he set forth on Wednesday are not met.
Also Wednesday, a state appellate court is scheduled to hear oral arguments in Trump’s appeal in another subpoena matter: Engoron’s Feb. 17 ruling requiring him to answer questions under oath in James’ investigation.
A message seeking comment was left with Trump’s lawyer.
James, a Democrat, asked Engoron to hold Trump in contempt of court after he failed to produce any documents to satisfy a March 31 deadline to meet the terms of the subpoena.
James’ office sought numerous documents, including paperwork and communications pertaining to Trump’s financial statements, financing and debt for a Chicago hotel project and development plans for his Seven Springs Estate north of New York City, and even communications with Forbes magazine, where he sought to burnish his image as a wealthy businessman.
Trump attorney Alina Habba said in the May 6 filing that the responses to the subpoena were complete and correct and that no relevant documents or information were withheld.
Habba conducted searches of Trump’s offices and private quarters at his golf club in Bedminster, New Jersey, and his residence in Mar-a-Lago, Florida, according to the filing, but didn’t find any relevant documents that hadn’t already been produced. The filing also detailed searches of other locations including file cabinets and storage areas at the Trump Organization’s offices in New York.
In a separate sworn affidavit included with the filing, Trump stated there aren’t any relevant documents that haven’t already been produced.
He added that he owns two cellphones: an iPhone for personal use that he submitted in March to be searched as part of the subpoena, then submitted again in May; plus a second phone he was recently given that’s only used to post on Truth Social, the social media network he started after his ban from Twitter, Facebook and other platforms.
Engoron’s criteria for lifting the contempt finding were largely in line with conditions James’ office outlined in its response Monday to the lengthy filing last week in which Trump and his legal team said they had exhausted efforts to find the subpoenaed records.
Those conditions sought by James’ office were: Trump submitting another affidavit detailing his and his company’s retention and destruction policies for his documents and electronic devices; and allowing the outside firm Trump hired, HaystackID, to finish going through 17 boxes kept at an off-site storage facility, and for that company to issue a report on its findings and turn over any relevant documents.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/05/11/judge-trump-must-pay-110k-meet-conditions-end-contempt/ | 2022-05-11T18:32:37Z |
Paleontologists in Argentina have discovered a new species of dinosaur, with disproportionately short arms like those of Tyrannosaurus rex.
A fossil of Meraxes gigas, as the new dinosaur has been called, was found in what is now the northern Patagonia region of Argentina, revealing that the creature was 11 meters (36 feet) long and weighed more than four tons, according to a study published in the journal Current Biology on Thursday.
At the time the area would have been hot and humid with lots of waterways and vegetation including large trees, Juan Canale, the project lead at Ernesto Bachmann Paleontological Museum in Neuquén, Argentina, told CNN.
The carnivore is from the Carcharodontosauridae group of dinosaurs, which lived in the Cretaceous period, 145 to 66 million years ago, according to the study.
A raft of Carcharodontosauridae fossils have been found in the past 30 years, but little was known about their skull, forearms or feet.
That has changed with the discovery of M. gigas, thanks to the remarkably complete fossil.
"For the first time we know, in a lot of detail, about certain parts of the anatomy of these giant carnivorous dinosaurs," Canale said.
Researchers found an almost complete forelimb, which allowed them to conclude that M. gigas had tiny arms for such a large dinosaur, a physical feature shared with T. rex that has long puzzled paleontologists.
They also found an almost complete skull and foot, allowing them to shed light on how this group of dinosaurs evolved, said Canale, explaining that there was a trend towards larger body sizes, larger skulls and smaller arms in proportion to the body.
'There was a kind of arms race'
The fossil was found in the Huincul Formation, where the study said remains of one of the largest known land animals of all time, Argentinosaurus huinculensis, have been found which date from the same period as the M. gigas fossil.
The area is also known to have been home to other carnivorous dinosaurs, albeit smaller ones than M. gigas, as well as other species of long-necked herbivores.
Canale said that it is generally very difficult to establish what dinosaurs ate, but loose teeth found at excavation sites where fossils of herbivorous dinosaurs have been discovered have been matched to carnivorous dinosaurs.
This means we can say that M. gigas would have preyed, at least in part, on these long-necked herbivores such as Argentinosaurus huinculensis, he added.
"It's not a coincidence that giant herbivorous dinosaurs and giant carnivorous dinosaurs lived in the same environments," said Canale, who explained that as herbivores evolved larger bodies as a form of defense, carnivores did too in order to be able to prey on them.
"There was a kind of arms race," he said.
'No direct relation' to T. rex
But the team says that M. gigas evolved separately to T. rex and became extinct almost 20 million years before T. rex walked the earth.
Canale said that, while the two dinosaurs both had large heads and small arms, their bone structure is very different.
"There is no direct relation," said Canale.
The ancestors of M. gigas had longer arms and smaller heads and their arms would have been important in hunting, said Canale, but this changed over time.
Previous research found that dinosaur species such as M. gigas and T. rex developed smaller arms as their heads became larger.
This shows that the arms were not used for hunting, and instead they used their head to kill their prey, said Canale.
"What I think is that, in the more evolved forms ... activities related to predation, such as grabbing or holding the prey, would have been performed straight away with the head," he said.
However, the fossil shows that, although the arms were short, they were muscular, and the chest muscles were also well developed, said Canale.
"This is not consistent with an extremity that doesn't have any function," he said, adding that they could have been used to help get up from the floor, or as support on the female when mating. The researchers do not know whether this fossil belonged to a male or female dinosaur.
The team also found that M. gigas had ornamentations such as crests, furrows, bumps and small hornlets on its skull, which were likely used to attract potential mates.
There is still more work to be done on M. gigas, said Canale, and one colleague at the museum is writing a thesis on its feet and arms.
In addition, there are plenty of fossils that still need to be excavated in the area, as well as dinosaur footprints to analyze, he said.
"We have a lot of work ahead," added Canale.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/news/new-dinosaur-species-discovered-that-had-tiny-arms-like-t-rex/article_dc14dee5-779f-5c89-8236-fe178f7fcd87.html | 2022-07-07T16:01:06Z |
NEW YORK, June 8, 2022 /PRNewswire/ -- WorkGenius, a freelance technology company has acquired US based JBC, a staffing company, in a landmark deal that together, will aim to transform the freelance staffing industry through proven operations, great people, and cutting edge technology.
The combined company will be close to $100m in revenue, with EBITDA in the high teens and more than 250 employees. The company grows north of 50% YoY, driven by a tenured team, unique technology product, strong trends of digitalization in the human capital space, and a shift to flexible workforce models.
"Our goal has always been to transform the $600bn freelance industry, to make it more equitable and accessible through our technology. Partnering with JBC and its entire team is a big step towards achieving that goal. Both teams share the same vision and we are looking forward to providing unprecedented access to the best talent through our AI powered WorkGenius platform, hybrid, or, direct with our trusted recruiter and consultant network. We see this partnership as a major benefit to our clients, our freelancers and to both our teams." says Marlon Rosenzweig who will be the new CEO of WorkGenius Holdings, based out of New York City.
Based in NY, JBC which operates primarily in the US, UK, Spain, France, Canada and Hong Kong, was founded by Bryan Zaslow. Zaslow will continue to lead the organization forward supporting a robust offering of freelance and permanent search work.
WorkGenius was founded in Hamburg, Germany, by Marlon Rosenzweig and Daniel Barke. The success of the end-to-end freelance management platform led to its US expansion, now headquartered in NYC. WorkGenius has seen tremendous growth due to the digitization of the human capital space, a shift to freelance from traditional employment, and strong growth in the served end markets.
Rounding out the executive management team will be Daniel Barke (Chief Revenue Officer), and Keith Geller (Chief Operations Officer).
"The JBC team is thrilled to join forces with Workgenius and excited to bring the power of Workgenius' technology to our clients, affording them access to a lightning fast matching algorithm that can provide the most qualified talent and a freelance management tool to manage contingent workforces compliantly on a global scale. Our future will have a unique offering of pure tech and hybrid, empowering our teams" adds Zaslow.
The company headquarters will continue to be located in NYC, USA with offices across the US, London, England, and Hamburg, Germany.
Chad Leat, former Vice Chair of CitiGroup, joins existing equity investors including John Jahr and Axel Sven Springer. Investcorp BDC and CION Invest Corp provide the debt facility and also invested in the equity.
"Freelance adoption is like a flywheel driven by the talents' preference to work flexibly, as well as companies desiring to have a more flexible workforce. The end markets we serve have seen strong tailwinds, in addition to a seismic shift to more freelancing in the workforce. We intend to maintain our rapid growth both organically and inorganically on a global scale." adds Rosenzweig.
To find out what this means for the future of human capital management, click here.
Contact: media@workgenius.com
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SOURCE WorkGenius Holdings Inc. | https://www.mysuncoast.com/prnewswire/2022/06/08/workgenius-freelance-technology-company-acquires-us-based-jbc-staffing-company/ | 2022-06-08T15:23:30Z |
Unionized Starbucks stores face hard work of bargaining
By DEE-ANN DURBIN
AP Business Writer
It’s become a common sight: jubilant Starbucks workers celebrating after successful votes to unionize at dozens of U.S. stores. But when the celebrations die down, a daunting hurdle remains. To win the changes they seek, like better pay and more reliable schedules, unionized stores must sit down with Starbucks and negotiate a contract. It’s a painstaking process that can take years. And it’s all happening amid tensions between Workers United, which represents the unionized stores, and the Seattle coffee giant. Already, the NLRB has filed 45 complaints against Starbucks for various labor law violations, including firing workers for union activity. Starbucks has filed two complaints against the union, saying labor organizers harassed and intimidated workers at some stores. | https://localnews8.com/news/ap-national-business/2022/05/25/unionized-starbucks-stores-face-hard-work-of-bargaining/ | 2022-05-25T19:59:19Z |
Migrant crossings spike as US plans to lift curb on asylum
WASHINGTON (AP) — Migrants attempted to cross the U.S.-Mexico border at the highest level in two decades as the U.S. prepares for even larger numbers with the expected lifting of a pandemic-era order that turned away asylum seekers.
Immigration authorities stopped migrants 221,303 times along the Southwest border in March, a 34% increase from a month earlier, according to U.S. Customs and Border Protection data filed with a federal court in Texas.
The new figures were disclosed as the Biden administration comes under increasing pressure over the looming expiration of a public health order that enabled U.S. authorities to turn back most migrants, including people seeking asylum from persecution.
The number of migrant encounters has gone up nearly every month since President Joe Biden took office, becoming fodder for political opponents who point to the increase as evidence that this administration is weaker on border security than its predecessor.
A backlog of people waiting outside the country to seek asylum, as well as dire economic and political conditions in much of Latin America and the Caribbean, is partially responsible for the increase in migrants. Administration critics blame Biden, arguing his administration’s moves to roll back Trump-era policies has encouraged people to come.
The number of illegal crossings, or those outside official ports of entry, totaled 209,906 in March, surpassing the previous high of Biden’s presidency of 200,658 set in July, and the highest level since March 2000, when it reached 220,063.
Former President Donald Trump also faced a sharp increase in migrant border crossings but the number plummeted with the start of the pandemic. In March 2020, the previous administration invoked Title 42, a little-used public health authority to quickly expel nearly anyone encountered along the Southwest border.
U.S. authorities have expelled migrants more than 1.7 million times under Title 42 authority, named for a 1944 public health law, using the threat of COVID-19 to deny migrants a chance to seek asylum as required under U.S. law and international treaty.
With COVID-19 cases in decline, the Biden administration has said it intends to end the use of Title 42 at the border on May 23.
Several moderate Democrats have joined Republican leaders to call for an extension of Title 42 authority, most recently Sen. Chris Coons of Delaware on Sunday. Sen. Mark Kelly, an Arizona Democrat up for election this year, toured the border last week and warned that the Biden administration is unprepared for asylum restrictions to be lifted.
The rapid expulsions under Title 42 are a significant component of the increase. Migrants are turned back without any legal consequences, and many simply try to cross again and are therefore counted more than once in the total.
More than half of the 221,303 stopped were quickly turned away, either to Mexico or their homelands, according to data supplied to a federal court in Texas as part of that state’s challenge of Biden administration immigration policies.
Most of the rest were processed under immigration authority, known as Title 8, and their ultimate fate varies. About 34,000 were allowed to remain in the U.S. under parole, which will allow them to pursue asylum or legal residency through other avenues. If they are unsuccessful, they could face deportation.
___
Associated Press writer Elliot Spagat in San Diego contributed to this report.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/04/18/migrant-crossings-spike-us-plans-lift-curb-asylum/ | 2022-04-18T20:56:25Z |
Conference Call Scheduled for today, May 16, 2022 at 4:30pm ET
COLUMBIA, Md., May 16, 2022 /PRNewswire/ -- GSE Systems, Inc. ("GSE Solutions", "GSE", or "the Company") (Nasdaq: GVP), a leader in delivering and supporting engineering, compliance, simulation, training and workforce solutions that support decarbonization of the power industry, today announced its financial results for the first quarter ("Q1") ended March 31, 2022.
Q1 2022 Business and Financial Highlights
- Company orders in Q1 2022 were $11.1 million, compared to $13.0 million in Q1 2021.
- Performance Improvement Solutions orders in Q1 2022 was $6.4 million, up 14.3% from $5.6 million in Q1 2021.
- Company was awarded additional contracts for Thermal Performance Optimization and Regulatory Programs.
- Backlog at March 31, 2022, was $40.1 million, including $31.9 million of Performance Improvement Solutions backlog, and $8.2 million of Workforce Solutions backlog, which is relatively stable from Q4 2021 levels.
- Entered into agreement for Convertible Note and repaid in full, all outstanding line-of-credit indebtedness of $1.8 million.
- During Q1 2022, the Company received Employee Retention Credit refunds of $1.1 million, with remaining refunds due of $3.1 million as of March 31, 2022.
- Ended Q1 with cash, cash equivalents and restricted cash of $7.0 million, including restricted cash of $1.6 million.
Management Commentary
"I am pleased with the progress made during the first quarter, whereby we continue to see signs of improvement in the industry. Additionally, we were able to improve our capital structure and balance sheet in a very timely manner. This has enabled us to make key investments during the quarter to prepare GSE for future organic growth opportunities, especially as our end markets continue a path towards normalization following the pandemic induced slowdown over the past two years, including much of 2021," commented Kyle J. Loudermilk, GSE's President and Chief Executive Officer. "While the first quarter was a bit of a pause from the strong second half of 2021, our backlog has remained solid, and we have a solid pipeline of opportunities to pursue. We remain optimistic about the direction of the company for the remainder of the fiscal year. In the near-term, we believe that the upgrades of power plants that were delayed as a result of the pandemic has created a backlog of projects that will require GSE's solutions. Longer term, the macro trends towards grid stability, energy security and decarbonization are in our favor, providing a solid foundation to be optimistic about the future."
Emmett Pepe, CFO of GSE Systems, added, "From a capital perspective, we made key improvements, including the issuance of a convertible note, which was used to repay in full the prior line of credit. The financing has also enabled us to make some additional hires and investments into our divisions to place the company in a solid position for growth by identifying and winning additional opportunities. We have received cumulative Employee Retention Credit refunds through the CARES Act of approximately $1.9 million through March 31, 2022 and subsequently received refunds of approximately $1.0 million in Q2. The company is expecting to receive the remaining refunds of approximately $2.1 million in the next three to six months. The receipt of these credits enhances the company's cash position and allows the company to make necessary investments for the future."
Q1 2022 FINANCIAL RESULTS
Orders in Q1 2022 were $11.1 million, a decrease of 14.6% compared to $13.0 million in Q1 2021. Orders for Performance Engineering increased 14.3% to $6.4 million in Q1 2022 compared to $5.6 million in Q1 2021. For Workforce Solutions, orders were $4.7 million in Q1 2022, compared to $7.4 million in Q1 2021.
Revenue during Q1 2022 was $12.3 million, a decrease of 6.3% compared to $13.1 million in Q1 2021 and a decrease of 11.5% compared to $13.9 million in Q4 2021. The decrease of revenue was primarily due to a decline in software license sales as well as software maintenance renewals from an exceptional level in Q4. This is beginning to reflect an emerging seasonality of the software business, as this business continued to grow significantly over each of the last three years and should grow sequentially throughout the calendar year, with many renewals occurring in Q4.
Performance Improvement Solutions revenue was $6.4 million in Q1 2022 compared to $6.8 million in Q4 2021, and $7.1 million in Q1 2021. The sequential change was due to a decline in software license sales from an exceptional level in Q4, reflecting natural seasonality of the software business as this business continued to grow over each of the last three years. The year over year change was primarily due to several significant System Design and Build ("SDB") projects ending in the prior fiscal year and delays in commencing new contracts remotely due to the COVID-19 pandemic.
Workforce Solutions revenue was $5.9 million in Q1 2022 compared to $7.0 million in Q4 2021, and $6.0 million in Q1 2021. The sequential change is due to a minor reduction in staffing needs from our major customers in Q1 2022.
Gross profit in Q1 2022 was $2.4 million, or 19.8% of revenue. This compared to gross profit of $2.9 million, or 22.3% of revenue in Q1 2021, and $3.1 million, or 22.0% of revenue in Q4 2021. Gross margin was impacted by the mix of business shifting to lower margin projects.
Operating expenses in Q1 2022 were $5.0 million compared to $4.3 million in Q1 2021. Operating expenses was $4.9 million in Q4 2021. Operating expenses were slightly elevated due to some additional corporate expenditures, such as increases in professional audit fees and corporate insurance costs.
Operating loss was approximately $(2.6) million in Q1 2022, compared $(2.2) million in Q1 2021. Operating loss was $(1.8) million in Q4 2021.
Net loss in Q1 2022 was $(3.4) million or $(0.16) per basic and diluted share, compared to $(2.2) million or $(0.11) per basic and diluted share in Q1 2021. Net loss was $(1.9) million or $(0.09) per basic and diluted share in Q4 2021.
Adjusted net loss1 totaled $(2.2) million, or $(0.16) per diluted share in Q1 2022, compared to adjusted net loss of $(1.0) million, or $(0.05) per diluted share, in Q1 2021. Adjusted net income1 totaled $(1.1) million, or $(0.05) per diluted share in Q4 2021.
Earnings before interest, taxes, depreciation and amortization ("EBITDA") for Q1 2022 was approximately $(2.7) million, compared to $(1.7) million in Q1 2021. EBITDA for Q4 2021 was approximately $(1.4) million.
Adjusted EBITDA1 $(1.7) million in Q1 2022, compared to $(0.8) million in Q1 2021. Adjusted EBITDA1 totaled $(1.1) million in Q4 2021.
Backlog at March 31, 2022, was $40.1 million, including $31.9 million of Performance Improvement Solutions backlog, and $8.2 million of Workforce Solutions backlog.
1 Refer to the non-GAAP reconciliation tables at the end of this press release for a definition of "EBITDA", "adjusted EBITDA" and "adjusted net income".
CONFERENCE CALL
GSE Systems has scheduled a conference call for today, May 16, 2022 at 4:30 p.m. ET (1:30 p.m. PT) to review these results. Interested parties can access the conference call by dialing (833) 974-2453 or (412) 317-5784 or can listen via a live Internet webcast at: https://app.webinar.net/5vmZKODabJ4. Access to the link is also available in the Investor Relations section of the Company's website at: https://www.gses.com/about/investors/.
A teleconference replay of the call will be available for seven days at (877) 344-7529 or (412) 317-0088, confirmation # 9497259. A webcast replay will be available in the Investor Relations section of the Company's website at https://www.gses.com/about/investors/ for 90 days.
ABOUT GSE SOLUTIONS
We are the future of operational excellence in the power industry. As a collective group, GSE Solutions leverages top skills, expertise, and technology to provide highly specialized solutions that allow customers to achieve the performance they imagine. Our experts deliver and support end-to-end training, engineering, compliance, simulation, and workforce solutions that help the power industry reduce risk and optimize plant operations. GSE is proven, with over four decades of experience, more than 1,100 installations, and hundreds of customers in over 50 countries spanning the globe. www.gses.com.
FORWARD LOOKING STATEMENTS
We make statements in this press release that are considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. These statements reflect our current expectations concerning future events and results. We use words such as "expect," "intend," "believe," "may," "will," "should," "could," "anticipates," and similar expressions to identify forward-looking statements, but their absence does not mean a statement is not forward-looking. These statements are not guarantees of our future performance and are subject to risks, uncertainties, and other important factors that could cause our actual performance or achievements to be materially different from those we project. For a full discussion of these risks, uncertainties, and factors, we encourage you to read our documents on file with the Securities and Exchange Commission, including those set forth in our periodic reports under the forward-looking statements and risk factors sections. We do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
The accompanying notes are an integral part of these consolidated financial statements.
EBITDA and Adjusted EBITDA Reconciliation (in thousands)
References to "EBITDA" mean net (loss) income, before taking into account interest expense (income), provision for income taxes, depreciation and amortization. References to Adjusted EBITDA exclude the impact of restructuring charges, stock-based compensation expense and change in fair value of derivative instruments. EBITDA and Adjusted EBITDA are not measures of financial performance under generally accepted accounting principles (GAAP). Management believes EBITDA and Adjusted EBITDA, in addition to operating profit, net income and other GAAP measures, are useful to investors to evaluate our results because it excludes certain items that are not directly related to our core operating performance that may, or could, have a disproportionate positive or negative impact on our results for any particular period. Investors should recognize that EBITDA and Adjusted EBITDA might not be comparable to similarly titled measures of other companies. This measure should be considered in addition to, and not as a substitute for or superior to, any measure of performance prepared in accordance with GAAP. A reconciliation of non-GAAP EBITDA and Adjusted EBITDA to the most directly comparable GAAP measure in accordance with SEC Regulation G follows:
Adjusted Net Income and Adjusted EPS Reconciliation (in thousands, except per share amounts)
References to Adjusted net (loss) income exclude the impact of restructuring charges, stock-based compensation expense, change in fair value of derivative instruments and amortization of intangible assets related to acquisitions. Adjusted Net Income and adjusted earnings per share (adjusted EPS) are not measures of financial performance under GAAP. Management believes adjusted net income and adjusted EPS, in addition to other GAAP measures, are useful to investors to evaluate our results because they exclude certain items that are not directly related to our core operating performance and non-cash items that may, or could, have a disproportionate positive or negative impact on our results for any particular period. These measures should be considered in addition to, and not as a substitute for or superior to, any measure of performance prepared in accordance with GAAP. A reconciliation of non-GAAP adjusted net income and adjusted EPS to GAAP net income, the most directly comparable GAAP financial measure, is as follows:
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SOURCE GSE Systems, Inc. | https://www.kxii.com/prnewswire/2022/05/16/gse-systems-reports-first-quarter-2022-financial-results/ | 2022-05-16T21:44:11Z |
Collaboration to cross-promote remote video monitoring and streaming of time-lapse visual data for observing construction progress on jobsites
WASHINGTON, June 21, 2022 /PRNewswire/ -- Kastle Systems, a leader in property technology and America's largest managed security provider, announced today a partnership with EarthCam, the global leader in providing webcam content, technology, and services for construction. By combining Kastle's deep roots in developing and implementing technology solutions for the real estate sector with EarthCam's expertise in sophisticated, high-resolution cameras and visual data, these innovators are collaborating to provide construction sites with the latest in video surveillance and time-lapse visual data solutions.
"This partnership with EarthCam expands Kastle's advanced video services and access control capabilities in serving the construction industry," said Haniel Lynn, Kastle Systems CEO, "Our goal is to provide cutting-edge property protection technology for developers and construction companies throughout the building process, from groundbreaking through ongoing operations."
"EarthCam is joining forces with Kastle to combine our high-resolution, AI-powered time-lapse camera technology with Kastle Systems' expertise in property technology," said Brian Cury, CEO and Founder of EarthCam. "Both team's collective expertise makes it possible to meet the widest-ranging specialized visual data requirements for security, surveillance, and documentation."
Kastle Systems' state-of-the-art MobileSentry solution provides construction sites with comprehensive analytics-based monitoring and customizable cloud video storage. Acting as an economically efficient force multiplier, MobileSentry includes smart cameras, audio deterrent, and real-time monitoring. Employing Kastle's U.S.-based Operations Center, the program oversees video alarms generated by smart cameras to respond with live audio challenge and notification of site management and police.
EarthCam's cameras empower construction site developers, engineers and contractors by delivering high quality visual imagery and on-site data. EarthCam's Control Center 8 has become the software of choice among industry leaders for AI-powered project documentation, safety analysis and promotion. EarthCam is driving productivity for a more visually informative jobsite, working with industry leaders around the globe to make construction projects less costly and more efficient using powerful visual data. The company is expanding the marketplace for premium AI-powered reality-capture solutions that deliver detailed recording of construction sites and live streaming for constant project monitoring, even in extreme weather conditions.
"DPR has been using both EarthCam and Kastle for years, so it's exciting to have them working together. Now I can call one contact for my project documentation and time-lapse needs as well as jobsite security," said Wade Holden, Project Manager at DPR Construction. "When my stakeholders want a daily high-quality time-lapse movie, I know I can grab one easily from our EarthCam software and it will be presentation-ready within seconds. During the project I can mark-up and share images of project progress. With Kastle's remote video guarding and live talk down feature, I rest easy knowing my jobsite has the protection necessary to thwart off any unwanted intrusions."
Kastle Systems has been leading the property technology industry since 1972 with advanced technology solutions and services, protecting commercial real estate, multi-family residential, global enterprises, educational institutions, and critical government facilities. Kastle's state-of-the-art solutions include access control, video surveillance, visitor management and identity management, as well as a suite of mobile security applications, all integrated on an open, standards-based platform and supported by a team of experts 24x7x365. Headquartered in Falls Church, Virginia, Kastle is on Silicon Review's 2021 Five Best Security Companies to Watch list.
For more information about KastleSafeSpaces, KastleAccess or any of the other advanced security innovations from Kastle Systems, contact Jake Heinz, Chief Marketing Officer at jheinz@kastle.com.
EarthCam is the global leader in providing webcam content, technology and services. Founded in 1996, EarthCam provides live streaming video, time-lapse construction cameras and reality capture solutions for corporate and government clients. EarthCam leads the industry with the highest resolution imagery available, including the world's first outdoor gigapixel panorama camera system. This patented technology delivers superior multi-billion pixel clarity for monitoring and archiving important projects and events. EarthCam has documented over a trillion dollars of construction projects around the world. The company is headquartered on a 10-acre campus in Northern New Jersey.
Projects documented by EarthCam include: Los Angeles SoFi Stadium, One Vanderbilt, Hudson Yards, Mercedes-Benz Stadium, Las Vegas Allegiant Stadium, Golden State Warriors' Chase Center, LAX Airport, Moynihan Station, San Francisco Oakland Bay Bridge, Panama Canal Expansion, Qatar Rail, The Red Sea Project, The Jeddah Tower, Whitney Museum of American Art, Louvre in Abu Dhabi, Smithsonian National Museum of African American History and Culture, One World Trade Center, Statue of Liberty Museum, Museum of Fine Arts Houston, and the Smithsonian Air & Space Museum.
Learn more about EarthCam's innovative solutions at earthcam.net.
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SOURCE Kastle Systems | https://www.wibw.com/prnewswire/2022/06/21/kastle-systems-announces-partnership-with-earthcam-expanding-video-surveillance-capabilities/ | 2022-06-21T13:40:09Z |
Clinical trial evaluated the safety and tolerability of 30 mg dose for the treatment of vasomotor symptoms (VMS) associated with menopause
TOKYO, Sept. 4, 2022 /PRNewswire/ -- Astellas Pharma Inc. (TSE: 4503, President and CEO: Kenji Yasukawa, Ph.D., "Astellas") today announced topline results from the Phase 3 MOONLIGHT 3™ clinical trial in women in mainland China evaluating the long-term safety and tolerability of fezolinetant, an investigational oral, nonhormonal compound being studied for the treatment of moderate to severe vasomotor symptoms (VMS) associated with menopause. VMS, characterized by hot flashes and/or night sweats, are common symptoms of menopause.1,2
MOONLIGHT 3 is a 52-week single-arm Phase 3 clinical trial investigating the long-term safety and tolerability of fezolinetant 30 mg taken once daily in 150 women in mainland China seeking treatment for relief of VMS associated with menopause. The study's primary endpoint is the frequency and severity of adverse events (AEs), which were generally consistent with previous Phase 3 studies of fezolinetant. Detailed results will be submitted for publication in the near future.
"The topline results from the MOONLIGHT 3 study are very encouraging and, upon initial review, further support the long-term safety of fezolinetant," said Ahsan Arozullah, M.D., M.P.H., Senior Vice President and Head of Development Therapeutic Areas, Astellas. "We are evaluating the full MOONLIGHT data sets and remain committed to developing innovative treatments in this therapeutic area with the hope of delivering a first-in-class, nonhormonal treatment option for women with moderate to severe VMS."
Fezolinetant is an investigational selective neurokinin-3 (NK3) receptor antagonist and is not approved anywhere in the world. In the U.S., a New Drug Application for fezolinetant for the treatment of moderate to severe VMS associated with menopause is under review. The NDA submission is based on results from two pivotal Phase 3 clinical trials, SKYLIGHT 1™ and SKYLIGHT 2™, and the Phase 3 long-term safety study, SKYLIGHT 4™.
This result will have no impact on the financial forecasts of the current fiscal year ending March 31, 2023.
About the MOONLIGHT Phase 3 Clinical Trials
MOONLIGHT 1™ (NCT04234204) is designed to investigate the efficacy and safety of fezolinetant for the treatment of moderate to severe VMS associated with menopause in women in Asia. The study is double-blinded and placebo-controlled for the first 12 weeks, followed by a 12-week non-controlled extension treatment period. A total of 302 women with moderate to severe VMS associated with menopause were enrolled at nearly 60 sites in mainland China, Korea and Taiwan. MOONLIGHT 3™ (NCT04451226) is a 52-week single-arm Phase 3 clinical trial designed to investigate the long-term safety and tolerability of fezolinetant in women in mainland China with VMS associated with menopause. A total of 150 women were enrolled at 34 sites in mainland China.
About the BRIGHT SKY™ Phase 3 Program
The BRIGHT SKY pivotal trials, SKYLIGHT 1™ (NCT04003155) and SKYLIGHT 2™ (NCT04003142), enrolled over 1,000 women with moderate to severe VMS. The trials are double-blinded, placebo-controlled for the first 12 weeks followed by a 40-week treatment extension period. Women were enrolled at over 180 sites within the U.S., Canada and Europe. SKYLIGHT 4™ (NCT04003389) is a 52-week double-blinded, placebo-controlled study designed to investigate the long-term safety of fezolinetant. For SKYLIGHT 4, over 1,800 women with VMS were enrolled at over 180 sites within the U.S., Canada and Europe.
About VMS Associated with Menopause
VMS, characterized by hot flashes (also called hot flushes) and/or night sweats, are common symptoms of menopause.1,2 Worldwide, more than 50% of women 40 to 64 years of age experience VMS and, in East Asia, the prevalence of VMS has been estimated to be around 80% of women 40 to 65 years of age, with 55% having moderate to severe VMS.3,4 VMS can have a disruptive impact on women's daily activities and overall quality of life.1
About Fezolinetant
Fezolinetant is an investigational oral, nonhormonal therapy in clinical development for the treatment of moderate to severe VMS associated with menopause. Fezolinetant works by blocking neurokinin B (NKB) binding on the kisspeptin/neurokinin/dynorphin (KNDy) neuron to moderate neuronal activity in the thermoregulatory center of the brain (the hypothalamus) to reduce the frequency and severity of moderate to severe VMS associated with menopause.5,6,7 The safety and efficacy of fezolinetant are under investigation and have not been established. There is no guarantee the agent will receive regulatory approval or become commercially available for the uses being investigated.
About Astellas
Astellas Pharma Inc. is a pharmaceutical company conducting business in more than 70 countries around the world. We are promoting the Focus Area Approach that is designed to identify opportunities for the continuous creation of new drugs to address diseases with high unmet medical needs by focusing on Biology and Modality. Furthermore, we are also looking beyond our foundational Rx focus to create Rx+® healthcare solutions that combine our expertise and knowledge with cutting-edge technology in different fields of external partners. Through these efforts, Astellas stands on the forefront of healthcare change to turn innovative science into value for patients. For more information, please visit our website at https://www.astellas.com/en.
Cautionary Notes
In this press release, statements made with respect to current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Astellas. These statements are based on management's current assumptions and beliefs in light of the information currently available to it and involve known and unknown risks and uncertainties. A number of factors could cause actual results to differ materially from those discussed in the forward-looking statements. Such factors include, but are not limited to: (i) changes in general economic conditions and in laws and regulations, relating to pharmaceutical markets, (ii) currency exchange rate fluctuations, (iii) delays in new product launches, (iv) the inability of Astellas to market existing and new products effectively, (v) the inability of Astellas to continue to effectively research and develop products accepted by customers in highly competitive markets, and (vi) infringements of Astellas' intellectual property rights by third parties. Information about pharmaceutical products (including products currently in development) which is included in this press release is not intended to constitute an advertisement or medical advice.
References
1 Utian WH. Psychosocial and socioeconomic burden of vasomotor symptoms in menopause: a comprehensive review. Health Qual Life Outcomes. 2005;3:47.
2 Jones RE, Lopez KH, eds. Human Reproductive Biology. 4th ed. Waltham, Mass.: Elsevier; 2014.
3 Makara-Studzinska MT, Krys-Noszczyk KM, Jakiel G. Epidemiology of the symptoms of menopause - an intercontinental review. Przegl Menopauzalny [Menopause Rev]. 2014;13:203-211.
4 Yu Q, Chae H-D, Hsiao S-M, et al. Prevalence, severity, and associated factors in women in East Asia with moderate-to-severe vasomotor symptoms associated with menopause. Menopause. 2022;29(5):553-563.
5 Depypere H, Timmerman D, Donders G, Sieprath P, Ramael S, Combalbert J, et al. Treatment of menopausal vasomotor symptoms with fezolinetant, a neurokinin 3 receptor antagonist: a phase 2a trial. J Clin Endocrinol Metab. 2019;104:5893-905.
6 Fraser GL, Lederman S, Waldbaum A, Kroll R, Santoro N, Lee M, et al. A phase 2b, randomized, placebo-controlled, double-blind, dose-ranging study of the neurokinin 3 receptor antagonist fezolinetant for vasomotor symptoms associated with menopause. Menopause. 2020;27:382-92.
7 Fraser GL, Hoveyda HR, Clarke IJ, Ramaswamy S, Plant TM, Rose C, et al. The NK3 receptor antagonist ESN364 interrupts pulsatile LH secretion and moderate levels of ovarian hormones throughout the menstrual cycle. Endocrinology. 2015;156:4214-25.
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SOURCE Astellas Pharma Inc. | https://www.wibw.com/prnewswire/2022/09/04/astellas-announces-topline-results-phase-3-long-term-safety-study-fezolinetant-mainland-china/ | 2022-09-05T00:12:00Z |
PHOENIX, June 13, 2022 /PRNewswire/ -- Bluum, North America's leading education technology solutions provider, recently announced the launch of a comprehensive cybersecurity offering to schools. Cybersecurity needs and solutions for schools have evolved in recent years – even beyond those brought about by hybrid and remote learning – so Bluum responded with security solutions for people, processes and technology.
According to the SecurityScorecard 2018 report, education ranks last out of 17 industries in terms of cybersecurity, demonstrating that a legacy solution that only includes a first-generation firewall and antivirus software has long been rendered obsolete. Since 2016, there have been more than 1,300 publicly disclosed attacks in the U.S., which averages out to more than one K-12 cyber incident per school day. More than three million students have been affected by cybersecurity breakdowns since February 2018, with education institutions spending an average of $2.73 million to address the impact of a ransomware attack.
"With limited budgets, highly skilled IT personnel and time, K-12 organizations are hard-pressed to create a solid cybersecurity plan," Bluum Vice President of Product Strategy and Growth Andre Vashilko said. "Cybersecurity is an incredibly technical and extensive area in IT that is rapidly evolving and needs to stay ahead of ever-evolving attack methods. Historically, school IT budget constraints have resulted in ineffective and outdated systems, so Bluum has developed comprehensive countermeasures to fill that void."
Whether cybersecurity incidents are caused externally or self-inflicted, Bluum can assist in preventative measures before, during and after the incidents and attacks. To get started, Bluum has debuted easy-to-use services to help schools assess their cybersecurity needs and identify immediate and future solutions.
Vulnerability scans and penetration testing will detect critical areas of concern and exposure in the infrastructure, while a complementary customer survey will provide further insights into a school's specific needs. Please get in touch with Bluum for your complimentary self-assessment today at https://www.bluum.com/solutions/cybersecurity.
About Bluum
Bluum empowers educators with technology solutions that improve learning and make it more accessible, assisting more than 27 million students grow and flourish. Cultivate possibility with us at bluum.com or follow us on LinkedIn, Twitter and Facebook.
Media Contact
Stefan Swiat
Director of Communications
O: 602-809-7028
stefan.swiat@bluum.com
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SOURCE Bluum | https://www.wibw.com/prnewswire/2022/06/13/bluum-launches-comprehensive-cybersecurity-offering-schools/ | 2022-06-13T17:19:57Z |
PointsBet-branded retail sportsbook will deliver elevated betting experience to sports fans in the DMV area
DENVER and CHARLES COUNTY, Md., Sept. 9, 2022 /PRNewswire/ -- PointsBet, in partnership with The Riverboat on the Potomac, LLC, comprising Bodhi-Naav, a minority woman-owned business, and Delmock Technologies, Inc., a certified Minority Business Enterprise (MBE), announced today the opening of PointsBet Retail Sportsbook, Maryland's newest retail sportsbook.
The PointsBet Retail Sportsbook at The Riverboat on the Potomac was designed to offer sports fans and bettors in the DMV area elite sports viewing and betting experiences. The retail sportsbook, located in The Riverboat on the Potomac, will feature 21 high-resolution screens, a bar setup with food and beverage offerings, an exclusive lounge area, booth seating, and standing room. Guests visiting the sportsbook, which is part of the larger 1,000-person capacity facility, will not only enjoy an enhanced sports viewing experience but will also enjoy the Riverside location with stunning views.
"PointsBet is delighted to commence operations with The Riverboat team in the brand-new sportsbook overlooking the beautiful Potomac River. This is a seminal achievement for the partnership and Maryland's gaming industry at large as the launch represents the first Minority Business Enterprise to go live with licensed gaming in the state's history, in line with the spirit of legislation," commented Paul Hannon, Senior Vice President of Corporate Development at PointsBet. "It is a proud moment for The Riverboat and for us at PointsBet as their partner. We look forward to the prospective opportunity of bringing the renowned PointsBet mobile product to Maryland next and in doing so further enhancing The Riverboat's equity and inclusion in the space."
The launch of the PointsBet Retail Sportsbook comes in time for the peak season of the wagering calendar including the start of the NFL, NCAA Football, NBA, and NHL seasons. This strategic partnership with The Riverboat on the Potomac has positioned PointsBet to quickly offer its industry-leading sports betting products on the starting line in Maryland.
"I am proud of the work the members of our delegation, Senator Jackson, Delegate Proctor, Delegate Davis, Delegate Patterson, and Delegate Wilson, have put into the sports wagering bill. We fought hard for the sports betting industry in Maryland to be inclusive of both Charles County and minority businesses," noted Maryland State Senator Arthur Ellis. "The partnership between the Riverboat and PointsBet is a success on both fronts, proof that Maryland can be a leader in equity. This sportsbook gives Charles County a seat at the table, with 100% minority business enterprise (MBE) licensed ownership, in a billion-dollar industry. I trust that the Riverboat and all of its partners will keep up the hard work and be strong partners in our community, and a leader in this new industry for the State."
PointsBet is a corporate bookmaker listed on the Australian Stock Exchange with operations in Australia, the United States, Canada and Ireland. PointsBet has developed a scalable cloud-based wagering platform through which it offers its clients innovative sports and racing wagering products, advance deposit wagering on racing (ADW) and iGaming.
The Riverboat on the Potomac has been a staple of the local community for 28 years and is one of Maryland's four Off-Track Betting facilities. Located in Colonial Beach on the Virginia side of the Maryland owned Potomac River, because of its unique location, many Marylanders are unaware of its contribution to the state and Charles County. The Riverboat is moored in Virginia, however, because the betting lounge, restaurant, liquor store, and other facilities are located over the Maryland state line, the Riverboat contributes to Maryland lottery revenue and pays other Maryland state taxes. A little- known fact about Riverboat (aka Little Reno) is that between 1950-1968, it was one of only a few locations in the country where slots machines were available. Visit www.riverboatonthepotomac.com for more information.
Media Contact
Janelle Laignelet
Communications Manager
janelle.laignelet@pointsbet.com
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SOURCE PointsBet | https://www.kxii.com/prnewswire/2022/09/09/pointsbet-retail-sportsbook-launches-riverboat-potomac/ | 2022-09-09T14:07:19Z |
Workplace Wellness and Aspiring Leader awards from C2HR highlight WOW!'s dedication to fostering an excellent workplace environment
ENGLEWOOD, Colo., Aug. 3, 2022 /PRNewswire/ -- WOW! Internet, Cable & Phone (NYSE: WOW), a leading broadband services provider, was honored with two awards from C2HR, a human resources association focused specifically on the technology, media and entertainment industry. WOW! received the Workplace Wellness Award for the successful implementation and impact of its wellbeing initiative and Christine Simmons, director of Learning and Development at WOW!, was named an Aspiring HR Leader.
WOW! was awarded C2HR's Workplace Wellness Award in recognition of the measurable impact the company's wellbeing program has on employees. By taking a holistic approach to employee wellness and providing a library of interactive and on-demand resources through the company's intranet, WOW! demonstrated significantly improved employee wellness scores as measured by Officevibe, increasing the overall average score by 48% from 2017 to 2022. WOW! also measured decreased stress levels over time and continues to evolve employee resources and measurement tools to best meet the needs of its employees.
Beyond WOW!'s comprehensive wellness initiative, Christine Simmons was recognized individually as an emerging HR professional whose fresh perspective, inventive ideas and strong leadership skills have positively impacted WOW!. Christine's contributions to WOW! showcase her passion for providing learning opportunities across all levels of the organization and include learning workshops, training academies, a leadership development program and diversity, equity and inclusion program enhancement.
"Every day at WOW! we work to create an environment that encourages innovation, collaboration, respect and continuous opportunities for learning. Christine embodies all of these attributes," said David Brunick, chief human resources officer of WOW!. "We're honored to be recognized for the ways we support our employees through successful, holistic wellbeing initiatives that focus on all aspects of health and wellness."
As part of its ongoing focus on creating a great workplace, WOW! recently surveyed employees on their benefits package to understand how familiar employees are with its offerings and which provide the most value. The company continues to evolve its HR programs and employee wellness measurement tools to ensure employees are equipped to thrive.
To learn more about WOW!, please visit www.wowway.com.
About WOW! Internet, Cable & Phone
WOW! is one of the nation's leading broadband providers, with an efficient, high-performing network that passes 1.9 million residential, business and wholesale consumers. WOW! provides services in 14 markets, primarily in the Midwest and Southeast, including Michigan, Alabama, Tennessee, South Carolina, Florida and Georgia. With an expansive portfolio of advanced services, including high-speed Internet services, cable TV, phone, business data, voice, and cloud services, the company is dedicated to providing outstanding service at affordable prices. WOW! also serves as a leader in exceptional human resources practices, having been recognized eight times by the National Association for Business Resources as a Best & Brightest Company to Work For, winning the award for the last four consecutive years. Visit wowway.com for more information.
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SOURCE WideOpenWest, Inc. | https://www.kxii.com/prnewswire/2022/08/03/wow-recognized-outstanding-workplace-wellbeing-initiative-learning-development-leadership/ | 2022-08-03T13:50:32Z |
Comic-Con audiences got a sneak peek at the new “Lord of the Rings” series “The Rings of Power” Friday in San Diego. Amazon Studios unveiled a new trailer for the show, set thousands of years before the events of J.R.R. Tolkien’s “The Hobbit” and “The Lord of the Rings.” Stephen Colbert, a self-proclaimed Tolkien fan, was also on hand to moderate a panel teasing the series on the fan convention’s biggest stage, Hall H.
Under the leadership of showrunners and executive producers J.D. Payne and Patrick McKay, “Lord of the Rings: The Rings of Power” focuses on Tolkien’s Second Age of Middle-earth, when kingdoms are forming and falling and evil forces loom and threaten to cover the world in darkness.
“The Rings of Power” will take audiences to fantastical locations like the Elven realms of Lindon and Eregion, the Dwarven realm Khazad-dûm, the Southlands, the Northernmost Wastes, the Sundering Seas, and the island kingdom of Númenór and introduce them to a large ensemble, including Galadriel (Morfydd Clark), Elrond (Robert Aramayo) and High King Gil-galad (Benjamin Walker).
The eight-part series will debut on Prime Video on Sept. 2, with new episodes arriving weekly. It is said to be the most expensive ever made, with a reported budget of $465 million. Amazon bought the rights from the Tolkien estate for $250 million in 2017.
Jennifer Salke, the head of Amazon Studios, told The Hollywood Reporter last year that while the number is a “crazy headline that’s fun to click on,” “that is really building the infrastructure of what will sustain the whole series” which she called a “huge, world-building show.”
Salke also said that a “giant, global audience needs to show up to it as appointment television” but that they were “pretty confident that will happen.”
The fan convention kicked off this week at the San Diego Convention Center, back in full force for the first time since 2019, with many studios spending big dollars to promote upcoming films and television shows. Comic-Con runs through Sunday. | https://cw33.com/entertainment-news/ap-entertainment/lord-of-the-rings-series-trailer-debuts-at-comic-con/ | 2022-07-22T21:18:26Z |
Woman donates 45 gallons of breastmilk to help with baby formula shortage
CEDAR RAPIDS, Iowa (KCRG/Gray News) - An Iowa mother has been trying to help other moms who have been struggling to find baby formula among a nationwide formula shortage.
The formula’s out-of-stock rate was more than 50% in Iowa, according to KCRG. That’s within the top six worst in the nation.
Andrea Heidenreich made her last breast milk donation to the Mother’s Milk Bank of Iowa on Saturday, bringing her to a total of 45 gallons of breast milk donated.
“Sometimes women can overproduce breastmilk, and I was one of those overproducers,” Heidenreich said. “We just decided we could help other parents and babies along the way.”
Heidenreich didn’t want the milk to go to waste, especially after seeing a formula shortage and moms struggling to find a way to feed their babies.
“There are parents that are very stressed out trying to find formula to feed their babies and for moms who aren’t able to breastfeed,” Heidenreich said. “It’s a struggle of wondering where that’s going to come from.”
The Mother’s Milk Bank of Iowa said Heidenreich wasn’t alone in stepping up.
“We’re experiencing an increase in milk donors who mention the formula shortage and their desire to help,” a spokesperson for the organization said. “They are remarkable and generous women.”
“If moms have extra breast milk and feel they can donate it, there is a real need right now,” she said.
It’s a feeling that Heidenreich knew firsthand after the birth of her son Oliver.
“It was very emotional not being able to feed him,” Heidenreich said. “We worked with a lactation specialist at Mercy.”
Saturday’s donation ends Heidenreich’s breastfeeding journey, one that started stressfully but ended up helping several mothers in the end.
“I think for any woman when they’re done breastfeeding, it’s emotional,” Heidenreich said. “I just know we can help other babies and moms along the way.”
Copyright 2022 KCRG via Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/05/16/woman-donates-45-gallons-breastmilk-help-with-baby-formula-shortage/ | 2022-05-16T18:17:57Z |
LUXEMBOURG, Aug. 3, 2022 /PRNewswire/ -- Swiss Insured Brazil Power Finance S.à r.l., a private limited liability company (société à responsabilité limitée), incorporated and existing under Luxembourg law, having its registered office at 16, rue Eugène Ruppert, L – 2453 Luxembourg, Grand Duchy of Luxembourg, registered with the Luxembourg Register of Commerce and Companies under number B 217648 (the "Company"), previously launched a consent solicitation (the "Consent Solicitation") in relation to its 9.850% Senior Secured Notes due 2032 with ISIN USL8915MAA38/US870880AA90 (the "Notes") pursuant to the consent solicitation statement, dated July 20, 2022 (as supplemented and amended prior to the date hereof, the "Statement"). Capitalized terms used, but not defined, in this announcement (the "Announcement") have the meanings assigned to them in the Statement.
Due to certain administrative issues prohibiting certain Holders from validly delivering their Consents, the Company announces today that it has extended the scheduled expiration time for the Consent Solicitation from 5:00 p.m. (New York City time) on August 3, 2022 (the "Existing Expiration Time") to 5:00 p.m. (New York City time) on August 4, 2022 (as so extended, the "Expiration Time"). Further, Consent instructions will now be accepted in minimum denominations of R$300,000 (formerly R$500,000) and integral multiples of R$1,000 in excess thereof.
As previously announced, the Company has received the Requisite Consents under the Indenture and the Uninsured Loan Agreement. Accordingly, the Consent Effective Time and Revocation Time have both occurred and the Company will instruct the Fiduciary Agent to consent to effectuate and/or enter into the Proposed Consent and Amendments and to consent to and do any other acts necessary to give effect to the CELSE Consent and Amendment Authorization, and upon receipt of all other consents required under the Intercreditor Agreement, the Debenture Indenture and the Project Intercreditor Agreement, the CELSE Consent and Amendment Authorization will become effective once the other conditions thereto have been satisfied. The consent to the Proposed Consent and Amendments and the CELSE Consent and Amendment Authorization is effective and operative as to all Holders, whether or not such Holders delivered a Consent or otherwise affirmatively objected to the consent to the Proposed Consent and Amendments; provided that, in accordance with the terms of the Indenture, unless the Consent Payment has been made on or prior to the Outside Date, each Consent provided pursuant to the Consent Solicitation shall be ineffective and deemed revoked and the Proposed Consent and Amendments and the CELSE Consent and Amendment Authorization and any amendments or consents resulting therefrom shall be void ab initio. The aggregate Consent Payment payable to Holders who validly deliver their Consent at or prior to the Expiration Time, will be 1.00% of the Original Face Value, or R$32,015,000, to be shared by all such consenting Holders. Specifically, the Consent Payment will be an amount, per R$1,000 of Original Face Value of Notes for which Holders have validly delivered Consents prior to the Expiration Time, equal to the product of R$10.00 multiplied by a fraction, the numerator of which is the Original Face Value of the Notes outstanding as of the Expiration Time and the denominator of which is the Original Face Value of Notes for which Holders have validly delivered Consents prior to the Expiration Time. As a result, the Consent Payment for the Notes will range from R$10.00 per R$1,000 (if all Holders consent) to approximately R$19.51 per R$1,000 (if Holders of 51.25% of the Original Face Value of Notes consent). Payment of the Consent Payment to consenting Holders is subject to the satisfaction or waiver of the other conditions to the Consent Solicitation set forth in the Statement, including the receipt of the Requisite Consents.
Except as set forth in this Announcement, all aspects of the Statement remain unchanged. The Company expressly reserves the right to amend, extend or terminate the Consent Solicitation or waive any unsatisfied conditions to the Consent Solicitation, in each case, in accordance with the terms set forth in the Statement. Holders are urged to review the Statement for the detailed terms of the Consent Solicitation and the procedures for providing their Consent. This Announcement is for information purposes only and is neither an offer to sell nor a solicitation of an offer to buy the Notes or any other securities. No recommendation is being made as to whether Holders should Consent pursuant to the Consent Solicitation. The Consent Solicitation is not being made in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such solicitation under applicable state or foreign securities or "blue sky" laws. The Notes are currently listed on the Official List of the Luxembourg Stock Exchange (the "LuxSE") and admitted to trading on the Euro MTF market of the LuxSE.
The Solicitation Agent
Questions or requests for assistance concerning the terms of the Consent Solicitation should be directed to:
Goldman Sachs & Co. LLC
200 West Street
New York, New York 10282
Attention: Liability Management Group
U.S. Toll-free: +1 (800) 828-3182
Collect: (212) 357-1452
Email: GS-LM-NYC@gs.com
THE INFORMATION AND TABULATION AGENT
Requests for additional copies of the Statement and assistance relating to the procedures for delivering Consents should be directed to:
D.F. King & Co., Inc.
48 Wall Street, 22nd Floor
New York, New York 10005
Email: celse@dfking.com
Toll-Free: +1 (866) 745-0267
Collect: +1 (212) 269-5550
Attn: Michael Horthman
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SOURCE Swiss Insured Brazil Power Finance S.à r.l. | https://www.wibw.com/prnewswire/2022/08/04/swiss-insured-brazil-power-finance-s-rl-9850-senior-secured-notes-due-2032-administrative-extension-consent-solicitation/ | 2022-08-04T04:04:28Z |
Experience as a remote employee helped an executive transition to remote manager
FORT LAUDERDALE, Fla., July 27, 2022 /PRNewswire/ -- Being a good manager is not substantially different when your employees are working from home than when they're in the office, says Shomari Hearn, managing vice president at Palisades Hudson Financial Group LLC.
In a recent article (https://www.palisadeshudson.com/2022/06/managing-remote-workers-is-nothing-new/), Hearn shared his own experience as first a hybrid, and then a fully remote employee, at a time when such arrangements were uncommon. The arrival of COVID-19 left many companies and managers with less experience struggling to adjust to a safer, more distant arrangement. As it becomes clear that hybrid and remote work is here to stay, Hearn advises supervisors not to panic.
"A good manager sets clear goals and priorities, whether workers are remote or not," Hearn says. He adds that "if you are used to managing staff in person, the shift to remote work may have led you to examine how you set goals and the way that you measure them."
Managers should prioritize clear communication and transparent goals, Hearn suggests. He also notes that remote employees need special attention during the onboarding process. Intangible factors like building co-worker relationships or transmitting company culture may have happened naturally when a team was working together in person. Managers should consider alternatives for employees who remain fully or partially remote.
Hearn also urges managers to think about digital security when laying out work-from-home policies.
"Adjusting to managing remote workers can mean rethinking certain habits and adopting new tools," Hearn writes. "But being transparent, proactive and attentive will ensure that your employees thrive in their roles."
As managing vice president – the first in the firm's history – Hearn holds executive responsibility for Palisades Hudson's operations across its offices nationwide. Though based in the firm's Fort Lauderdale headquarters, he regularly meets with clients across the U.S. and abroad. Hearn holds the CERTIFIED FINANCIAL PLANNER™ and IRS Enrolled Agent credentials, and his advice has appeared in The Wall Street Journal, Forbes Magazine, Barron's, and many other publications. In addition to contributing to the firm's newsletter, Hearn authored chapters in Palisades Hudson's two books, "The High Achiever's Guide to Wealth" and "Looking Ahead: Life, Family, Wealth and Business After 55," both of which are available on Amazon.
Contact: Amy Laburda, amy@palisadeshudson.com
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SOURCE Palisades Hudson Financial Group LLC | https://www.wibw.com/prnewswire/2022/07/27/advice-managing-your-remote-workforce/ | 2022-07-27T18:35:25Z |
One study highlight reveals that many parents might not understand how far behind students are academically
SALT LAKE CITY, June 27, 2022 /PRNewswire/ -- Instructure, the makers of Canvas, today released its 2022 State of Teaching and Learning in K-12 research report, which provides insight into the latest trends in K-12 education. As educators move into a post-pandemic era, new educational technologies and instructional strategies have evolved teaching and learning at an unprecedented pace. However, the impact of COVID-19 is still affecting students' engagement, motivation and achievement, and the lasting impact on teachers is perhaps greater than ever before.
The study revealed that parents might not understand how far behind students are academically. A small share of parents (27%) believes their children have fallen behind significantly or majorly, whereas administrators and teachers are significantly more likely to believe so (51% and 62%, respectively). Similarly, parents don't seem to realize how much engagement has been impacted. Only half of parents (45%) say that maintaining engagement has been difficult compared to a large majority of administrators and teachers (77% and 81%, respectively.)
"The K-12 community has faced immense challenges over the span of multiple school years," said Trenton Goble, VP of K-12 Strategy at Instructure. "However, educators and students have continued moving forward, adapting to change and evolving their practices. As school districts plan for the next school year and beyond, we hope district leaders, school administrators and teachers will find the information helpful as they reflect on how best to engage students, support their schools and improve the learning journey for every student."
The research revealed six key trends that parents and educators across the country feel are important to teaching and learning in K-12 education:
1. High-quality teaching is the key ingredient to high-quality learning.
Parents want to know that when their kids are in school, they're with teachers who care about their overall wellbeing and have the knowledge and resources to support their learning.
- An overwhelming 95% of parents and educators agree that student-teacher relationships are one of the most impactful social/emotional factors on student success. There is nearly universal consensus among administrators (97%) and teachers (98%).
- Nearly all administrators and teachers agree that high-quality staff (97% and 98%, respectively) and engaging instruction (96% and 97%, respectively) have the most impact on student success.
2. Student engagement is (still) the No. 1 measure of success.
Educators continue to find student engagement (94%) and attendance (91%) are the most important metrics for measuring student success and are expected to be the most important over the next year (73% and 66%, respectively) – findings consistent with 2021 respondents. At the same time, there is a renewed focus on academic student achievement. Technology that supports engagement continues to play an important role in teaching and learning.
3. Changes need to be made in the way we approach assessment.
While teachers and students continue to feel pressure around high-stakes standardized tests, their perceived value continues to decrease. While standardized test scores remain the least important measure of student success among educators and parents, their relative importance has increased since 2021. School districts are increasingly taking a balanced approach to assessment.
- In terms of measuring student success, respondents perceive standardized test scores as the least important among 14 factors, at only 37% (up from 29% in 2021).
- For parents, standardized test scores are the least important factor when assessing their child's success at 41%, a decrease of 22% from our 2021 study (63%).
4. Both hybrid and digital teaching and learning are here to stay.
With the return to in-person learning, the continued use of technology in the classroom supports innovative pedagogical strategies that prepare students for 21st-century skills. We anticipate hybrid teaching and learning to be the new normal for schools and districts moving forward.
- Some 90% of parents, 91% of administrators and 94% of teachers agree that personalized instruction has an impact on student success. And 68% of parents believe technology is beneficial in providing access to individualized programs.
- Self-paced learning is also top of mind for many, with 84% of parents, 71% of administrators and 77% of teachers agreeing it's at least moderately impactful when it comes to success.
5. Strides are being made in achieving educational equity, but there's still work to do.
While the pandemic exposed many of the inequities in K-12 education, it also forced educators to address such inequities. Funding from the CARES and CRRSA COVID relief packages provided the funds needed to adopt technology that supports equitable learning experiences for all students.
- Funding to facilitate digital learning, (2021: 52% 2022 63%; increase of 11%) is expected to remain a top priority for future funding.
- Despite such funding, 20% of administrators and 31% of teachers still report that insufficient equipment or lack of access to devices is a top challenge or concern with technology solutions. Notably, the percentage of respondents reporting this concern decreased from 39% in 2021.
- While the majority of parents in 2021 expressed that their children received support from their district in the form of tools/devices (56%), the number dropped in 2022 to 44%.
6. Technology is no longer a "nice-to-have." It's essential to innovative K-12 pedagogy.
Technology's most important role and its principal benefits continue to be rooted in its ability to help recreate core classroom experiences like communication and high-quality instruction.
- Eighty-eight percent of respondents agree that the availability of technology has an impact on student success, while 86% believe the use of educational technology resources impacts success.
- Usage has increased for assessment management systems. Some 69% of administrators and 53% of teachers report using such a system in 2022, compared to only 41% of educators reporting the same in 2021.
- Parents assess tech to be similarly important to all aspects of the learning experience (67%-80%), but student and parent communication rank as most important (80, 79%, respectively).
Research Methodology
Instructure developed the State of Teaching and Learning in K-12 Education survey in coordination with Hanover Research. The survey was fielded in March 2022 and was cleaned and analyzed by Hanover Research. After fielding and data cleaning, the study consisted of 1,379 qualified, completed responses from 498 parents, 533 teachers and 378 school or district-level administrators. The data cut into crosstabs by role, region and district urbanicity. We performed statistical significance testing across segments with a 95% confidence level using a Z-Test with p = less than 0.05 and a margin of error +/- 1% for the overall sample size. For any questions regarding the underlying methodology or data, please contact us at studentsuccess@instructure.com.
ABOUT INSTRUCTURE
Instructure (NYSE: INST) is an education technology company dedicated to elevating student success, amplifying the power of teaching and inspiring everyone to learn together. Today the Instructure Learning Platform supports tens of millions of educators and learners around the world. Learn more at www.instructure.com.
FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking" statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the potential, timing and examples of any strategic alternatives. These statements are not guarantees of future performance, but are based on management's expectations as of the date of this press release and assumptions that are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements. Important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements include the risk factors described in the Company's most recent Annual Report on Form 10-K and subsequent Quarterly Report on Form 10-Q and other documents filed with the Securities and Exchange Commission could cause actual results to vary from expectations. All information provided in this press release is as of the date hereof and Instructure undertakes no duty to update this information except as required by law.
CONTACT:
Brian Watkins
Corporate Communications
Instructure
801-610-9722
brian.watkins@instructure.com
SOURCES: Instructure, Canvas
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SOURCE Instructure | https://www.mysuncoast.com/prnewswire/2022/06/27/instructure-releases-annual-state-teaching-learning-k-12-research-that-explores-new-normal-education-us-schools/ | 2022-06-27T13:09:22Z |
SHANGHAI, July 18, 2022 /PRNewswire/ -- Infinix, an emerging brand in the consumer electronics market, today announced the NOTE 12 PRO, the latest addition to its NOTE Series smartphone line-up. The NOTE 12 PRO is the first smartphone powered by MediaTek Helio G99. The device features an impressive 108MP camera unit, a 6.7" FHD+ true-color AMOLED display, and stunning design language that stands out from the crowd. The NOTE 12 PRO caters to the ever-growing needs of young people today and is all available at a modest price tag proving unparalleled value for a smartphone in 2022.
"The NOTE 12 PRO is the industry's first smartphone powered by MediaTek Helio G99, which uses TSMC's 6nm process technology. The NOTE 12 PRO fully realizes the potential of the chipset to bring users a truly outstanding smartphone experience. With incredible photographic capabilities, a powerful chipset, and a stylish design, the NOTE 12 PRO represents a fantastic choice for young users in emerging markets looking to upgrade their devices. At Infinix, we are committed to expanding our product portfolio to meet the demand of different consumers." Vento Lin, Product Manager of NOTE Series at Infinix Mobility.
Exceptional Performance
The NOTE 12 PRO is powered by MediaTek's latest chipset, the Helio G99, delivering unparalleled computing architecture, powerful performance, and industry-leading power efficiency. Inside the MediaTek Helio G99 is an octa-core CPU with two high-performance Arm Cortex-A76 processors clocking up to 2.2GHz, alongside a highly capable Arm Mali G57-class GPU. The Helio G99 was built using the exceptionally efficient 6nm-class chip production process, maximizing in-game performance and power saving. This chip allows for extensive usage on a single charge and enables buttery smooth gaming all day long. Compared to the G96 12nm, the power consumption of the G99 6nm processor is reduced by 10% [1].
Smartphone Photography at its Best
The NOTE 12 PRO is equipped with the 108MP Ultra Clear Triple Camera, delivering unparalleled photo quality. The crisp 108MP main camera features the latest Samsung S5KHM6 sensor, which ensures enhanced image quality and reduced noise. The f/1.75 aperture lens, which supports 9-in-1 Super Pixel, helps mobile photographers to create truly stunning photographs. Additionally, the 1/1.67 super large image sensor and 1.92μm unit pixel size allow more light into the lens resulting in enhanced quality & clarity of snapshots in all lighting conditions so that users can focus on the subject and less on the light.
By utilizing professional Night Scene Photography Mode, the NOTE 12 PRO can capture more light at night, restore realistic and richer details, and present clear and vivid portraits. Furthermore, for users looking for the perfect selfie, the NOTE 12 PRO also offers a 16MP front camera for snapping crystal clear selfies.
Iconic Design Language
Embodying Infinix's pursuit of aesthetics, the NOTE 12 PRO elevates premium design to new heights. The Round Camera Deco design is inspired by a racing car, reflecting NOTE 12 PRO's spirit of passion and exploration. Available in three glossy finishes – Volcanic grey, Tuscany Blue, and Alpine White, the NOTE 12 PRO looks the part alongside delivering a fantastic smartphone experience. Exceptionally thin, sleek, and stylish, the NOTE 12 Pro boasts a thickness of just 7.8mm, effortlessly fitting into small handbags and pockets. The NOTE 12 PRO represents one of the best-looking smartphones designed to date in the NOTE Series lineup.
The NOTE 12 Pro comes with a stunningly slim 6.7-inch FHD+ true-color AMOLED screen which displays rich vivid colors. Compared with conventional LCD screens, AMOLED is more power-efficient and doesn't leak light. With a 100% DCI-P3 color gamut and a 100000:1 color contrast ratio, the NOTE 12 Pro screens give rise to sharper, more true-to-life colors. Presenting a truly immersive visual entertainment experience, the NOTE 12 PRO has super-narrow bezels which deliver an impressive 92% screen-to-body ratio.
Ahead of the Curve
The NOTE 12 PRO is equipped with unique Extended RAM technology allowing the device to run smoothly under heavy usage. Consumers can enjoy a better experience compared to the original large-memory models without the added cost. The NOTE 12 PRO provides extended memory of 8GB+5GB (equivalent to 13GB), supporting up to 20 apps running lag-free at the same time [2].
Furthermore, the NOTE 12 PRO gives users longer-lasting battery life thanks to the 5000mAh battery and 33W super charge functionality, allowing users to quickly power up their smartphone.
Additional key features
- Monster Game Kit: Infinix's Monster Game Kit provides consumers with visual, auditory, and tactile sensations for an immersive gaming experience. Utilizing graphic enhancement, revive countdown, Dual Speakers with DTS and the Linear Motor Tactile System make smartphone gaming better than ever before.
- Dual Speakers with DTS: The NOTE 12 PRO is equipped with Dual Speakers with DTS Stereo surround sounds for a truly immersive audio experience.
- XOS 10.6 Software: The NOTE 12 PRO features new XOS 10.6 software based on Android 12, which includes new features such as Storage Optimizer, Lightning Multi-Window, Privacy Guardian and more.
- Multifunctional NFC: The NOTE 12 PRO offers consumer NFC function to make secure transactions, enabling being a e-ticket to connect electronic devices with a touch.
Pricing and Availability
The NOTE 12 PRO will cost around $219. The series will include variations based on customer and market demands. Prices and availability will vary from region to region.
About Infinix:
Infinix Mobility is a rapidly emerging technology brand that designs, manufactures and markets an expanding portfolio of smart devices worldwide under the Infinix brand, which was founded in 2013.
Targeting today's youth with first in class technology, Infinix creates trendy, powerful and attainably priced smart devices that bring the latest technology on the market to users around the world at a time when they need it at a price that they want it.
For more information, please visit: http://www.infinixmobility.com/
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SOURCE Infinix | https://www.wibw.com/prnewswire/2022/07/18/infinix-launches-impressive-new-note-12-pro-industrys-first-smartphone-powered-by-mediatek-helio-g99/ | 2022-07-18T14:51:10Z |
Country Roads RV Will Continue to Offer Special Discounts and Pricing to Emergency First Responders, Medical Personnel and Active-Duty Military
LEXINGTON, N.C., June 24, 2022 /PRNewswire/ -- The founders of Country Roads RV Center are pleased to announce their current sales, promotions and updates for June, 2022.
To learn more about Country Roads and check out their latest news, please visit https://www.crrvc.com/country-roads-rv-center-news-and-events-june-2022/.
From experienced campers and weekend warriors to devoted "glampers" and people who are new to the RV experience, the friendly and experienced team at Country Roads RV Center will be there every Monday through Saturday in June, ready to showcase the latest in camper and RV design and technology.
"As we have since the beginning of the COVID-19 pandemic, Country Roads RV Center is proud to continue to offer special discounts and pricing on new and pre-owned campers and RVs to emergency first responders, medical personnel, and active-duty military personnel," a company spokesperson noted, adding that this is their way of showing their deepest gratitude to these hardworking people who work so hard to keep everyone safe and secure.
For those whose professions are not considered essential emergency personnel, Country Roads RV Center still has an amazing lineup of discounts and financing options.
In June, Country Roads RV Center is also highlighting the 2022 Sandpiper 391FLRB model. It offers a number of great features including a 6-point hydraulic auto-level that will level the unit with one touch once it arrives at the campsite, plenty of storage near the raised bedroom and slide-out bed on the driver's side, and a large 20 cubic foot residential refrigerator.
"Because the Sandpiper is certified for full-time living, reflective insulation is included in the ceiling and other select areas to make it easier to cool and heat, and it also offers a very large and comfortable rear bath with double sinks."
As one of the largest dealers in the state, Country Roads RV Center carries many different lines of 5th Wheels, Travel-Trailers and Toy Haulers, as well as a full service and parts department. Family owned and operated, they strive to give their customers the most enjoyable experience possible. For more information, please visit https://www.crrvc.com.
Country Roads RV Center
2609 Enterprise Road
Lexington, NC 27295
(336) 775-2100
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SOURCE Country Roads RV Center, Inc | https://www.wibw.com/prnewswire/2022/06/25/country-roads-rv-center-announces-current-promotions-featured-dealership-model-june-2022/ | 2022-06-25T20:28:05Z |
NEW YORK, July 11, 2022 /PRNewswire/ -- TGM announced today the mortgage refinancing for TGM Creekside Village, a 208-unit multifamily apartment community in Glen Burnie, MD. TGM Creekside Village received Green Globes Certification enabling TGM to secure competitive borrowing terms from Fannie Mae as a result of the property's green efficiency and sustainability. The refinancing opportunity was originated by Team Edelson at Walker & Dunlop.
TGM Creekside Village has a formidable competitive position in the East Anne Arundel County submarket due to its suburban setting with convenient access to the area's major employment and economic centers. The property was built on 8.3 acres in 2014, with its 208 garden apartment homes situated in three elevatored four-story and three walk-up three-story climate-controlled buildings. The property offers a mixture of one-, two-, and three-bedroom floor plans, enabling the property to appeal to a cross section of potential renters in the market. The availability of three-bedroom apartments is an increasingly positive attribute with increased attractiveness in line with growing work from home trends. Furthermore, few rental communities within the submarket have them. The property also offers residents an appealing amenity package within and surrounding its LEED Silver constructed clubhouse, including café lounge, business center, athletic club, outdoor swimming pool with splash pad, playground, picnic areas, and more.
Anne Arundel County is in the heart of the nation's fourth largest market, the Baltimore-Washington D.C. corridor. The local economy is supported by a diverse set of economic drivers such as BWI Marshall Airport, the defense industry, world-class private sector employers, telecommunications, retail and distribution operations.
"The design, layout and construction of the apartments are excellent, with an average unit size of almost 1,000 SF, which compares favorably amongst its competition. The property offers a mixture of one-, two- and three-bedroom apartments. The availability of three-bedroom apartments is an increasingly positive attribute with increased attractiveness in line with growing work from home trends. The Baltimore-Washington Corridor offers strong economic growth prospects underpinned by the Federal government and the multitude of ancillary businesses related thereto, as well to the diversified steadily expanding economy of the Baltimore MSA" said John Gochberg, Managing Principal, Chief Executive Officer, and President.
Founded in 1991, TGM is an investment advisory firm organized to provide an integrated suite of asset and property management services to its investors through a series of fully integrated operating companies. Through its vertically and horizontally integrated operating companies, TGM specializes in acquisitions, property management, leasing, construction, property maintenance and asset management services. An affiliate of TGM provides property management services under the brand TGM Communities. As of December 31, 2021, TGM has invested in 139 multifamily properties throughout 28 states.
To learn more about TGM please contact John Gochberg, Managing Principal, Chief Executive Officer, and President. Phone: (212) 830-9312, E-mail: jgochberg@TGMAssociates.com
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SOURCE TGM | https://www.kxii.com/prnewswire/2022/07/11/tgm-refinances-multifamily-community-glen-burnie-md/ | 2022-07-11T13:58:31Z |
TAIPEI, July 22, 2022 /PRNewswire/ -- ProLogium Technology, a global leader in innovative solid-state battery technology, confirmed today that the company is in the process of selecting the location of its first-ever overseas solid-state gigafactory in light of the surging global demand for electric vehicles over the next decade. ProLogium plans to establish its overseas gigafactory with an estimated total investment of over USD 8 billion and reveals that a feasibility study for potential sites has been initiated. Shortlisted locations include those in the United States, France, Germany, the Netherlands, Poland and the United Kingdom.
ProLogium has a three-phase construction plan for its first-ever overseas gigafactory. The total capacity is expected to reach 120GWh when the plant is complete. The firm is currently assessing potential plant locations, and a final decision is set to be made by the first quarter of 2023. A due diligence process will be performed before the construction project kicks off. ProLogium also estimates that by 2031, the project will create over 6,500 jobs, and the company is poised to begin its global talent recruitment efforts in the areas of engineering, product research and development, business management, and more.
ProLogium's manufacturing competence has been well established in the past nine years. Its first production line for consumer applications began operating back in 2013, and its roll-to-roll EV battery pilot line began production in October 2017. The battery maker owns proprietary technologies covering over 500 (applied or awarded) patents worldwide and has established more than 4,000 quality control items in its production processes, achieving 99.9% yield for its single-layer cell manufacturing and 94% yield for multi-layer cells. The company has already shipped more than one million cells for consumer electronic applications (from 15mAh to 1Ah) with a very high level of customer satisfaction. It has already begun the long testing and certification process with key global car OEMs by delivering nearly 8,000 EV battery cells (50~60Ah). These results laid a solid foundation for its first 3 GWh mass production plant due to start operating early 2023.
"Our first-ever overseas gigafactory serves a key strategic purpose – being close to our customers to deliver products and services in a timely manner," said Vincent Yang, CEO and Founder of ProLogium Technology. "The United States and Europe play a crucial role in the global automotive industry value chain. Automakers are accelerating their plans to extend their EV product range. With manufacturing bases in these regions, we will be able to better meet the market's needs and benefit from local policy support. The proximity allows for local production and local supplies, planting closer to customers to reduce carbon footprint – a win-win solution for the benefit of both our customers and ProLogium."
"In early July, with the recommendation and assistance from the US Department of Commerce and Business France (Taiwan/France), we were invited to the SelectUSA Investment Summit and Choose France Summit. We met with US officials and governors during the SelectUSA Summit. In Paris, we discussed next-generation battery technology breakthroughs with French President Emmanuel Macron at a face-to-face meeting during the Choose France Summit and presented our overseas expansion plans and leading advantages in technology and mass production. Both the US and French governments expressed their full support for ProLogium to set up plants locally, an indication of the increasing strategic importance of the next-generation battery," Vincent Yang commented.
Earlier this year, leading international luxury car manufacturer Mercedes-Benz concluded a technology cooperation agreement with ProLogium to develop next-generation EV battery cells. Earlier in July, Vietnamese EV maker VinFast also signed a Memorandum of Understanding and entered into strategic cooperation arrangements with ProLogium to secure next-generation solid-state battery supplies with the aim of expanding its smart mobility solutions globally.
ABOUT PROLOGIUM
Founded in 2006, ProLogium is a global leader in innovative next-generation battery technologies for vehicle, consumer, and industrial applications. ProLogium is the first battery company in the world to mass-produce solid-state lithium ceramic batteries. Its proprietary technologies cover over 500 (applied or awarded) patents worldwide. ProLogium's automated pilot production line has provided nearly 8,000 solid-state battery sample cells to global car manufacturers for testing and module development. ProLogium Technology's GWh level solid-state lithium ceramic battery plant will be the first in the world to go online in early 2023, and it aims to begin scaling up by the second half of the year, followed by capacity expansion plans in major markets worldwide. Further information can be found at www.prologium.com
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SOURCE ProLogium Technology | https://www.kxii.com/prnewswire/2022/07/22/solid-state-battery-maker-prologium-discusses-overseas-expansion-plans-meetings-with-french-president-macron-us-officials/ | 2022-07-22T13:16:42Z |
IX AT 50: Becker advocates for next small-town girl with big dreams in sports
“Let’s continue. Let’s be persistent. Let’s not back off. Let’s keep pushing for better.”
June 23, 1972, President Nixon signed Title IX into law, prohibiting sex discrimination in educational institutions that receive federal funding. Title IX has largely been considered the springboard for high school and collegiate women’s sports to get where they are today — but the fight for equality is far from over. Every Thursday night at 10:00 p.m. leading up to the 50th anniversary of the law’s passing, 13 Sports will honor the women who changed the game for girls’ and women’s sports in Kansas.
“IX at 50: The Trailblazers of Women’s Sports in Kansas”
LAWRENCE, Kan. (WIBW) - As a young girl growing up in the early 1970s, opportunities in sports were limited for Theresa Becker.
“You’re talking about a small town girl that was not introduced to any formal kind of competition or athletic opportunity until junior high,” Becker said.
So, when she got to college fresh off of Title IX’s passing, it was in her words, “like a candy store.”
“Literally, my freshman year in college, I double sported in every season,” she said.
That’s six sports.
It wasn’t perfect, but it was a start.
“We were buying our jerseys, we were buying our own shirts, having our own numbers put on them,” she remembered. “We were cutting off our jeans to wear in competition, sneaking additional food out of the dormitory so that we would had something to eat on our road trip. And we were packing multiple kids in hotel rooms if we had to stay overnight, you know, but no regrets. I mean, it was either that or not have an opportunity.”
Becker didn’t hang up her athletic career after college.
“I had a teammate my junior year in college that was a member of the national women’s team handball squad, and she basically recruited me,” she said. “She said, ‘You know, I think you should come to a tryout.’”
After five years on the national team, she transitioned to college coaching: first at Furman in South Carolina, then later as associated head women’s basketball coach at Nebraska and head coach at Iowa State.
“The coach definitely is the voice,” Becker said. “She is the advocate. She is the representative of her young women.”
Becker would touch every area of college athletics over her career: in coaching, compliance at Nebraska, and compliance and academics at the University of Kansas — all while ensuring other small town girls with big dreams have the best opportunities to make them come true.
“When the commitment to both sides is there, then everyone is rewarded. Everyone rises higher,” she said. “There obviously are some still some issues, but overall, certainly the opportunities are certainly much greater now for for the girls and young women.”
“Let’s continue,” Becker continued. “Let’s be persistent. Let’s not back off. Let’s keep pushing for better. Let’s keep pushing for quality.”
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/06/05/ix-50-becker-advocates-next-small-town-girl-with-big-dreams-sports/ | 2022-06-05T21:45:21Z |
HARDWICK, V.T. (WPRI) — Vermont State Police say a man behind the wheel of a construction-grade excavator tried to attack two troopers after the officers attempted to arrest his son last week.
Shortly after the troopers arrived at the home in Hardwick to arrest a suspect in an assault and burglary case, “the suspect’s parents attempted to hinder the arrest, and ultimately the suspect’s father menaced and attempted to assault the troopers using an excavator,” their post on Facebook read.
Dashcam footage shows the suspect’s father swinging the bucket of the excavator at the troopers. One of the officers drew his weapon but did not fire.
State police say they were not injured and were able to arrest both the father and his son.
“They don’t have a scenario at the academy where we practice this one,” one of their commanders said. | https://cw33.com/news/nexstar-media-wire/watch-vermont-man-accused-of-trying-to-attack-troopers-with-excavator-to-stop-sons-arrest/ | 2022-06-24T18:24:11Z |
Ark Addresses Demand For Innovation From Private Capital Managers and Fund Administrators
BOSTON, Sept. 6, 2022 /PRNewswire/ -- Ark announced the launch of its next generation fund operations platform. Building on an already widely adopted portal technology connecting LP investors with GP managers, Ark's new capabilities take fund operations and investor reporting automation to a new level. Fund administrators and GP manager teams are able to streamline and launch processes in just a few clicks.
The new Ark platform includes:
- Branded client portals (unlimited users & SPVs)
- Capital call and distribution automation
- Portfolio Management with dynamic Schedule of Investments
- Investor Allocations with Capital Account Statement automation
- General ledger integration
- Multi-manager platform administration
"With Ark as an integral part of our technology stack, we can go live for clients same-day without any need for custom development," said Michael Trinkaus, CEO of 4Pines Fund Services. "Ark's intuitive design and ease of use give investors exactly what they want and helps magnify the power of my team so we can keep our focus on client service."
Many off-the-shelf ledgers remain in wide use today because they handle the basics quite well; however, these tools lack true partnership accounting. They handcuff their user teams to spreadsheets, which requires manual reconciliation and increases the risk of errors. Ark's new platform provides partnership accounting capabilities that can plug right into existing off-the-shelf GL solutions, saving time and reducing errors. With Ark you can continue to use what's working well across your existing tech stack and go much further.
"When it comes to customer adoption and realizing tangible ROI, Ark is truly a game changer," said Rob Stype, CEO of Ark. "With no implementation fees, fast and configurable setup, and multi-manager engagement on a single screen, we are the industry's most dynamic and scalable operating platform. Top fund services firms and GPs are the inspiration for our nimble and thoughtfully designed product."
Ark's clients include top fund administrators, private equity, venture capital, real estate, private credit and fund of funds teams. Today the platform supports over $100B in capital commitments, 70,000 end users, and 425 fund managers.
Ark is a SOC 2 Type 2 certified fit for purpose cloud-based operating system for fund administrators and GP managers that streamlines fund operations and automates investor reporting on a secure, connected, and client-branded platform. The Ark team unifies decades of deep fund operations and financial technology experience across the private capital markets. Ark's clients include top fund administrators, private equity, venture capital, real estate, private credit and fund of funds teams. Ark was founded in Boston in 2017 and has operations nationwide. For more information visit www.arkpes.com.
CONTACT: Chris Gale at chris@galestrategies.com
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SOURCE Ark PES | https://www.kxii.com/prnewswire/2022/09/06/ark-launches-next-generation-fund-ops-platform/ | 2022-09-06T11:24:50Z |
CAMBRIDGE, England, July 20, 2022 /PRNewswire/ -- Abcam plc ("Abcam", "Company", "Group") (AIM: ABC) (Nasdaq: ABCM), a global leader in the supply of life science research tools, today provides the following trading update for the six-month period ending 30 June 2022. The Company will release its full results for the six-month period on 12 September 2022.
The Group expects to report total revenues for the six-month period of approximately £185 million, representing 19% growth (including Biovision) at constant exchange rates (CER)[1] and 23% on a reported basis.
Revenue growth continues to be driven by in-house catalogue sales resulting in gross margin expansion. As the multi-year period of growth investments begins to moderate, we anticipate delivering operating efficiencies enabling year-over-year adjusted operating profit margin expansion consistent with the Board's expectations.
CY2022 GUIDANCE
The Group continues to anticipate total CER revenue growth of approximately 20% (including BioVision) with mid-teens organic CER revenue growth.
SHARE TRADING, LIQUIDITY AND LISTING
Having consulted with shareholders on options to increase share liquidity as announced on 14 March 2022, the Board has decided to pursue a proposal to maintain a sole listing on Nasdaq and therefore to cancel the admission of the Company's shares to trading on AIM. The Company will continue to consult with shareholders on this proposal in the coming weeks with the intention to put the proposal to shareholder approval at a General Meeting called for that purpose later this year.
1 These results include discussion of alternative performance measures which include revenues calculated at Constant Exchange Rates (CER) and adjusted financial measures. CER results are calculated by applying prior period's actual exchange rates to this period's results. Adjusted financial measures are explained in note 2 and reconciled to the most directly comparable measure prepared in accordance with IFRS in note 4 to the interim financial statements.
Abcam plc
+44 (0) 1223 696 000
Tommy Thomas, CPA – Vice President, Investor Relations
Numis - Nominated Adviser & Joint Corporate Broker
+ 44 (0) 20 7260 1000
Freddie Barnfield / Duncan Monteith
Morgan Stanley - Joint Corporate Broker
+ 44 (0) 207 425 8000
Tom Perry / Luka Kezic
FTI Consulting
+44 (0) 20 3727 1000
Ben Atwell / Julia Bradshaw
Note:
This trading update is based upon unaudited management accounts and has been prepared solely to provide additional information on trading to the shareholders of Abcam plc. All figures are provisional and subject to further review. It should not be relied on by any other party for other purposes.
About Abcam plc
As an innovator in reagents and tools, Abcam's purpose is to serve life science researchers globally to achieve their mission faster. Providing the research and clinical communities with tools and scientific support, the Company offers highly validated antibodies, assays and other research tools to address important targets in critical biological pathways.
Already a pioneer in data sharing and ecommerce in the life sciences, Abcam's ambition is to be the most influential company in life sciences by helping advance global understanding of biology and causes of disease, which, in turn, will drive new treatments and improved health.
Abcam's worldwide customer base of approximately 750,000 life science researchers uses Abcam's antibodies, reagents, biomarkers and assays. By actively listening to and collaborating with these researchers, the Company continuously advances its portfolio to address their needs. A transparent program of customer reviews and datasheets, combined with industry-leading validation initiatives, gives researchers increased confidence in their results.
Founded in 1998 and headquartered in Cambridge, UK, the Company has served customers in more than 130 countries. Abcam's ordinary shares are listed on the London Stock Exchange (AIM: ABC) and its American Depositary Shares (ADSs) trade on the Nasdaq Global Market (Nasdaq: ABCM).
For more information, please visit www.abcam.com or www.abcamplc.com
Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any express or implied statements contained in this announcement that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding Abcam's portfolio and ambitions, expected performance for 2022 are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation: a regional or global health pandemic, including the novel coronavirus ("COVID-19"), which has adversely affected elements of our business, could severely affect our business, including due to impacts on our operations and supply chains; challenges in implementing our strategies for revenue growth in light of competitive challenges; developing new products and enhancing existing products, adapting to significant technological change and responding to the introduction of new products by competitors to remain competitive; failing to successfully identify or integrate acquired businesses or assets into our operations or fully recognize the anticipated benefits of businesses or assets that we acquire; if our customers discontinue or spend less on research, development, production or other scientific endeavors; failing to successfully use, access and maintain information systems and implement new systems to handle our changing needs; cyber security risks and any failure to maintain the confidentiality, integrity and availability of our computer hardware, software and internet applications and related tools and functions; failing to successfully manage our current and potential future growth; failing to increase access in the U.S. market, which we anticipate provides greater liquidity potential than AIM; any significant interruptions in our operations; if our products fail to satisfy applicable quality criteria, specifications and performance standards; failing to maintain our brand and reputation; our dependence upon management and highly skilled employees and our ability to attract and retain these highly skilled employees; and the important factors discussed under the caption "Risk Factors" in Abcam's prospectus pursuant to Rule 424(b) filed with the U.S. Securities and Exchange Commission ("SEC") on 22 October 2020, which is on file with the SEC and is available on the SEC website at www.sec.gov, as such factors may be updated from time to time in Abcam's other filings with the SEC. Any forward-looking statements contained in this announcement speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. Abcam disclaims any obligation or undertaking to update or revise any forward-looking statements contained in this announcement, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
Logo - https://mma.prnewswire.com/media/1670705/Abcam_Logo.jpg
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SOURCE Abcam | https://www.mysuncoast.com/prnewswire/2022/07/20/abcam-plc-first-half-trading-update/ | 2022-07-20T13:50:51Z |
HONG KONG, April 7, 2022 /PRNewswire/ -- Roborock, creator of ultra-intelligent home robotics engineered to simplify life, today announced was selected as Newsweek's list of America's Best Home & Garden Brands 2022. This prestigious award is presented by Newsweek and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on March 30, 2022 and can currently be viewed on Newsweek's website.
"Roborock has strived to build innovative home robotics to automate everyday chores like cleaning", said Richard Chang, Founder & CEO of Roborock. "This recognition demonstrates the impact of our expanded portfolio of high-performing robotic, cordless, and wet-dry vacuums which have made America's homes cleaner and happier."
America's Best Home and Garden Brands 2022 were identified via online reviews and ratings based on nine product-specific aspects: Performance, Convenience, Experience, Value for Money, Quality, Design, Service, Safety, and Set-Up. Using ReQiew, Statista's proprietary online review analysis software, over 4 million reviews and ratings were collected and analyzed to determine the top home and garden brands.
"To help consumers make smart decisions when spending on their homes, Newsweek and Statista are proud to announce our first annual ranking of America's Best Home and Garden Brands," said Nancy Cooper, Global Editor in Chief of Newsweek. "Whatever you might be looking for to make your homes safer, more comfortable, more attractive or more fun, we hope you'll find our rankings useful."
To learn more about Roborock and its line-up of premier home cleaning robots, please visit us.roborock.com.
About Roborock
Roborock is committed to innovation in researching, developing, and producing home cleaning devices, particularly robotic, cordless, and wet/dry vacuum cleaners. Every Roborock product has been designed with an eye on solving genuine problems, so Roborock customers can live better lives. Currently, Roborock is available in more than 40 countries, including the U.S., Germany, France, and Spain. The company operates out of four locations, with offices in Beijing, Shanghai, Shenzhen, and Hong Kong. For more information visit https://us.roborock.com/.
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SOURCE Roborock | https://www.kxii.com/prnewswire/2022/04/07/roborock-awarded-newsweeks-americas-best-home-amp-garden-brands-2022-list/ | 2022-04-07T13:29:47Z |
New Market Name Reflects Discipline Expansion and Design Transformation
NASHVILLE, Tenn., Sept. 7, 2022 /PRNewswire/ --Gresham Smith is excited to announce that the firm's Corporate + Urban Design market has been renamed Life and Work Places. This new name reflects how the firm's practice has expanded as a result of fundamental changes to how people live, work and interact with each other in a post-pandemic world.
"Life and Work Places reflects an expansion of, and not a replacement of, our core practice and capabilities," said Randy Gibson, Chief Strategy Officer at Gresham Smith. "While the name has changed to better reflect where the market is today, it represents our firm's ability to adapt to today's fast-changing world while retaining focus on the success of our legacy clients."
The Life and Work Places market is comprised of over 100 individuals working out of primary studio locations in Atlanta, Charlotte, Denver, Nashville and Tampa. The market has approximately 200 active projects across the country and earned approximately $23 million in gross revenue in 2021. Focused on creative placemaking at multiple scales, the group is delivering increasingly diverse and complex projects designing spaces where life, commerce and community come together.
"Our new Life and Work Places name communicates our focus and commitment to clients going forward," said Life and Work Places Executive Vice President Don Reynolds, AIA, LEED AP BD+C, who spearheaded the name change. "Every individual and business entity is searching for their unique solution, and our designers are, essentially, walking this journey with our clients and helping them understand their real estate needs and opportunities."
The market's work in creating dynamic mixed-use, residential and workplace environments that connect communities and bring places to life is now complemented by a discipline dedicated to designing memorable spaces for student life. The full breadth of the Life and Work Places expertise now reflects the following dedicated disciplines and practice leaders:
- Mixed-Use: Led by Rugel Chiriboga, AIA, NCARB, LEED BD+C, the studio is creating dynamic buildings and environments with projects including Fifth + Broadway for Brookfield Properties, 222 Second Avenue for Hines, and Nashville Yards for Southwest Value Partners and AEG.
- Residential: Led by Brandon Bell, AIA, the studio is focused on urban multifamily projects across the country for clients that include GBT Realty, Lincoln Property Company and Mill Creek Residential Trust.
- Workplace: Led by Jack Weber, IIDA, MCR, LEED AP, the studio is delivering end-user environments through workplace design and strategy across a national portfolio of clients including Deloitte, Universal Music Group, Schneider Electric and Baker McKenzie.
- Education and Research: Led by Alyson Mandeville, our newest practice area is growing out of successful project engagements with the University of South Florida and Virginia Commonwealth University, among others.
To learn more about Gresham Smith's Life and Work Places market, read our 1-on-1 conversation with EVP Don Reynolds.
Gresham Smith is a top-ranked architecture, engineering and design firm with more than $230 million in annual gross revenue and 25 offices across the United States. The firm provides full-service solutions for the built environment with a focus on the aviation, building engineering, healthcare, industrial, land planning, life and work places, transportation, and water and environment market sectors. Our team of diligent designers, creative problem-solvers, insightful planners and seasoned collaborators work closely with our clients to improve the cities and towns we call home. Consistently ranked as a "best place to work," we are committed to creating a culture that fosters diversity of experience combined with a common goal of genuine care for each other, our partners and the outcome of our work. Learn more at GreshamSmith.com.
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SOURCE Gresham Smith | https://www.mysuncoast.com/prnewswire/2022/09/07/gresham-smiths-corporate-urban-design-market-renamed-life-work-places/ | 2022-09-07T16:29:51Z |
NEW YORK, June 14, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SONM, LI, ENVX, CNCE, and LCTX.
To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link.
- SONM: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=SONM&prnumber=061420222
- LI: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=LI&prnumber=061420222
- ENVX: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=ENVX&prnumber=061420222
- CNCE: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=CNCE&prnumber=061420222
- LCTX: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=LCTX&prnumber=061420222
(Note: You may have to copy this link into your browser then press the [ENTER] key.)
InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street. We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.
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SOURCE InvestorsObserver | https://www.mysuncoast.com/prnewswire/2022/06/14/thinking-about-buying-stock-sonim-technologies-li-auto-enovix-concert-pharmaceuticals-or-lineage-cell-therapeutics/ | 2022-06-14T15:12:17Z |
Letter to the editor: Bullied officials for youth sports are quitting
Youth sports are being canceled every day due to an officiating shortage. This is happening because the people who are becoming youth sports officials get verbal abuse every game even though they are still learning to umpire just as the kids are still learning to play.
A lot of referees in their first year quit because the parents, the coaches and the players are so hateful and say awful things.
This nationwide problem is important because as the umpire shortage gets worse and the parents, coaches and players lose sportsmanship, fewer youth sporting events are able to take place because umpires don't want to work multiple games a day and get yelled at and have people in their face the whole time they are officiating.
The fix to the problem is to implement any rules that keep parents and coaches tame during games. Such as, if a parent gets thrown out, their kid gets thrown out of the game as well. Also, rules that if a coach gets ejected, he has to face a punishment, such as a fine or a few game suspension.
Some people may say these rules are "soft" but it is what is needed to keep umpires safe and make umpires want to continue to umpire. Then we will have more umpires and therefore be able to play more games and cancel f.
Nolan Malcolm, Jackson Township | https://www.cantonrep.com/story/opinion/2022/05/09/letter-editor-bullied-officials-youth-sports-quitting/9558052002/ | 2022-05-09T09:11:50Z |
Court Will Hear the Full Case, Including Evidence About Plaintiffs' Scheme to Exert Improper Control over UpHealth
All Current Directors to Remain in Office
Shareholders Do Not Need to Take Any Action at This Time
DELRAY BEACH, Fla., June 27, 2022 /PRNewswire/ -- UpHealth, Inc. (NYSE: UPH) ("UpHealth" or the "Company") today issued the following statement regarding the Delaware Court of Chancery's ruling in advance of the Company's Annual Stockholders Meeting (the "Annual Meeting"):
"We welcome last week's Delaware Court of Chancery ruling, which delays the current Annual Meeting to a later date to allow the Court to review all relevant materials and proceed with the trial on the limited issue of the change in quorum announced on May 31, 2022. We note that, in its ruling preliminarily enjoining the Annual Meeting, the Court stated that it "do[es] not doubt the defendants' good faith."
We believe the actions by the plaintiffs, Dr. Chirinjeev Kathuria and Jeffery Bray, and by their group of aligned supporters, including Dr. Mariya Pylypiv, (the "Conflicted Group"), are a self-serving attempt to wield outsized influence over the future direction of UpHealth by inhibiting the Company's proper governance. We note that plaintiff, Mr. Bray, is a creditor of UpHealth and has been seeking to be paid more than $17 million, and that co-plaintiff Dr. Kathuria appears to be trying to gain control of UpHealth without paying a premium to shareholders. Dr. Kathuria and Dr. Pylypiv, among others, organized the Conflicted Group, and it further appears, failed to make appropriate public disclosures of their intentions.
The plaintiffs sought an order affirming Dr. Kathuria's unilateral right as Co-Chairman of the Board to call a Special Meeting of Shareholders to further his own agenda. Noting that there was no "pattern of behavior … that one co-chair can unilaterally override the other," the Court determined that the plaintiffs were not reasonably likely to prevail on this point. To ensure the proper functioning of the Board, as previously announced, the Board has now appointed a single Non-Executive Chairman and removed Dr. Kathuria from the role of Co-Chairman.
The Company is confident that the defendant directors will demonstrate at trial the propriety of all of their actions, including in modifying the quorum requirements for the Company's Annual Meeting to enfranchise all shareholders. The defendant directors are committed to continuing to act vigorously to protect the interests of all shareholders. Furthermore, the Company reserves all of its rights to pursue claims against any member of the Conflicted Group for not acting in the best interests of the Company, inappropriate disclosure of confidential materials, and violation of their fiduciary duties as Directors and as Executives in the company.
Despite the Conflicted Group's repeated attempts to discourage voting at the Annual Meeting, more than 75% of the shares that were not owned by members of the Conflicted Group had submitted proxies as of the close of business on Friday, June 24. The Company sincerely thanks the shareholders for demonstrating overwhelming support for the Board's recommendations. The Company is confident that in due course UpHealth shareholders will have the opportunity to meaningfully influence the direction of the Company and that the voice of all shareholders will be heard.
The Company's 2022 Annual Meeting of Stockholders, previously scheduled for June 28, has been delayed to a later date to allow the Delaware Court of Chancery the opportunity to hear the full evidence regarding plaintiffs' challenge to the Company's quorum change.
Shareholders do not need to take any action at this time, and there will be no immediate change to the composition of the Company's Board of Directors. The Company intends to provide further updates to shareholders as developments warrant.
UpHealth is a global digital health company that delivers digital-first technology, infrastructure, and services to dramatically improve how healthcare is delivered and managed. UpHealth's solutions holistically enable clients to deliver on their affordability, access, quality, outcomes, and patient experience goals. UpHealth's technology platform helps its clients improve access, coordinate care teams, and achieve better patient outcomes at lower cost, with care management solutions, analytics, and telehealth tools that serve patients wherever they are, in their native language. Additionally, UpHealth's technology-enabled virtual care infrastructure and services improves access to quality primary and acute care, behavioral health, and pharmacy services. UpHealth's clients include health plans, global governments, healthcare providers and community-based organizations.
For more information, please visit https://uphealthinc.com and follow us at @UpHealthInc on Twitter and UpHealth Inc on LinkedIn.
In connection with the 2022 annual meeting of stockholders and the matters noticed for the 2022 annual meeting of stockholders in the definitive proxy statement on Schedule 14A filed with the SEC on May 31, 2022 (the "Proxy Statement"), the Company has filed with the SEC and mailed the Proxy Statement to its stockholders. This press release does not contain all the information that should be considered in respect of the matters noticed for the 2022 annual meeting of stockholders in the Proxy Statement, and additional information is described in the Proxy Statement. The Proxy Statement and other relevant materials for the 2022 annual meeting of stockholders has been mailed to stockholders of the Company as of a record date established for voting at the 2022 annual meeting of stockholders.
Stockholders may also obtain a copy of the Proxy Statement, as well as other documents filed by the Company with the SEC without charge, at the SEC's website located at www.sec.gov.
The Company and its respective directors and executive officers and other persons may be deemed to be participants in the solicitations of proxies from the Company's stockholders in respect of the matters noticed for the 2022 annual meeting of stockholders in the Company's Proxy Statement. Information regarding the Company's directors and executive officers is available in the Proxy Statement.
This communication shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the matters noticed for the 2022 annual meeting of stockholders in the Proxy Statement.
This communication contains forward-looking statements within the meaning of U.S. federal securities laws. Such forward-looking statements include, but are not limited to, the 2022 annual meeting of stockholders and ongoing litigation involving the directors. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. In addition, any statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this communication are based on certain assumptions and analyses made by the management of UpHealth in light of their respective experience and perception of historical trends, current conditions, and expected future developments and their potential effects on UpHealth as well as other factors they believe are appropriate in the circumstances. There can be no assurance that future developments affecting UpHealth will be those anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the parties), or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, including uncertainty regarding the outcome of litigation. Should one or more of these risks or uncertainties materialize or should any of the assumptions being made prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.
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SOURCE UpHealth, Inc. | https://www.wibw.com/prnewswire/2022/06/27/uphealth-annual-meeting-delayed-allow-delaware-court-chancery-hear-full-case-brought-by-creditor-dissident-director/ | 2022-06-27T12:31:01Z |
NCDD Members Will Gain Insights And Access To Technology/Services That Helps Them Secure And Retain Clients Seeking DUI Defense Representation
SALT LAKE CITY, June 16, 2022 /PRNewswire/ -- Scorpion, a leading provider of technology and services that help local businesses thrive, today announced a one-year partnership with NCDD (National College for DUI Defense®), a national DUI defense association that aims to provide the finest advanced-level training available to solo attorneys and law firms practicing DUI (driving under the influence) Defense Law.
Scorpion will provide NCDD resources, including Webinars about relevant marketing trends and best practices, articles outlining digital marketing recommendations, and content offering perspectives about industry trends, among others.
"Scorpion is ahead of the curve when it comes to delivering technology, branding and marketing, as well as customer relationship management strategies for solo attorneys and law firms practicing DUI," said Donald J. Ramsell, NCDD President & Dean. "We are pleased to partner with Scorpion to provide our members with the resources they need to fulfill the needs of their existing and future legal clients."
"Scorpion prides itself on how best to fuse technology and marketing to grow local businesses, acknowledging the complexities and nuances of each unique vertical," said Darrin Sinnott, Senior Vice President at Scorpion. "We understand and embrace that DUI Defense particularly entails a high degree of customer care with numerous and unique requirements and occupational parameters, and look forward to helping NCDD members expand their businesses as a result of the partnership."
Scorpion is the leading provider of technology and services helping local businesses thrive. It helps local service providers understand their unique market dynamics, maximize their marketing efforts, and delight their customers. Scorpion offers SEO, Reviews, Advertising, Email Marketing, Chat and Messaging, Social Media, Websites, Lead Management, Appointment Scheduling, and more. The company brings everything together in a way that's easy to understand and manage, blending AI and teams of real people with vertical expertise to support customers in setting, measuring, and reaching their goals.
Scorpion is headquartered in the Salt Lake City area, with offices in California, Texas, and New York. For more information, please visit https://www.scorpion.co/about-us/.
Contact:
Michael Krems
michael.krems@sparkpr.com
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SOURCE Scorpion | https://www.mysuncoast.com/prnewswire/2022/06/16/scorpion-partners-with-national-college-dui-defense-ncdd/ | 2022-06-16T14:20:15Z |
LONDON (AP) — In his first visit to Britain’s Parliament as monarch, King Charles III spoke of feeling the “weight of history which surrounds us” and referenced his “medieval predecessors” as he pledged to follow in his late mother Queen Elizabeth II’s footsteps and uphold the principles of constitutional monarchy.
Charles’s speech to legislators on Monday is the latest historic event to take place in Westminster Hall, a vast 900-year-old building that’s been at the heart of Britain’s history for a millennium.
The oldest building in Parliament, it was where Guy Fawkes and Charles I were tried, where kings and queens hosted magnificent medieval banquets, and where ceremonial addresses were presented to Queen Elizabeth II during her silver, golden and diamond jubilees. It is also where Elizabeth’s coffin will lie in state for public viewing from Wednesday.
A look at Westminster Hall’s centuries of history, and the rituals dictating the relationship between Britain’s monarchy and government:
WESTMINSTER HALL
First built in 1097, Westminster Hall is the oldest existing part of the medieval Palace of Westminster still surviving in its original form. Most of the present Houses of Parliament was built after a fire in 1834.
The hall, believed to be the largest in Europe in medieval times, was the site of lavish coronation feasts celebrating kings and queens from Richard I in the 12th century to Anne Boleyn in the 1500s.
Later the hall was used as law courts for numerous famous trials — including that of Charles I, who was tried there and convicted of high treason before he was beheaded in 1649.
In a bid to quell a growing power struggle between the crown and Parliament, Charles I attempted to arrest lawmakers in the House of Commons in 1642. That triggered the English Civil War, which ended with a temporary abolition of the monarchy and a decade of rule under Oliver Cromwell.
CROWN VS PARLIAMENT
The deposing and execution of Charles I spelt the beginnings of modern Britain’s system of constitutional monarchy. In the decades that followed, rules were laid down to ensure that the monarch serves as a nonpartisan head of state and he or she cannot make laws without the consent of a democratically elected Parliament.
British monarchs are still barred from entering the House of Commons to this day because of the actions of Charles I.
Every year, the monarch presides over the ceremonial state openings of Parliament in the unelected upper chamber, the House of Lords. During these annual events, an official known as Black Rod summons elected lawmakers from the House of Commons to the House of Lords to hear the monarch’s speech, and traditionally the door of the Commons is slammed in Black Rod’s face — a symbol of the independence of the House of Commons.
As head of state, Charles III, like his predecessors, reigns but does not rule. Apart from appointing new prime ministers and the annual task of opening new sessions of Parliament, monarchs stay out of the political limelight and are constitutionally obliged to follow the government’s advice.
Charles will, however, hold weekly audiences with Prime Minister Liz Truss, though what is discussed during such meetings is never made public.
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Follow all AP stories on the death of Queen Elizabeth II and Britain’s royal family at https://apnews.com/hub/queen-elizabeth-ii | https://cw33.com/news/international/ap-international/ap-charles-iii-and-the-weight-of-history-of-westminster-hall/ | 2022-09-12T23:51:51Z |
National Grief Awareness Day was Tuesday and the wife of actor Bruce Willis shared some of hers.
Emma Heming Willis posted a video montage set to Aretha Franklin's version of "I Say A Little Prayer" on her verified Instagram account.
National Grief Awareness Day was Tuesday and the wife of actor Bruce Willis shared some of hers.
Emma Heming Willis posted a video montage set to Aretha Franklin's version of "I Say A Little Prayer" on her verified Instagram account.
"This was the summer of self discovery—finding new hobbies, going out of my comfort zone and staying active," Heming Willis wrote.
"My grief can be paralyzing but I'm learning how to live along side it," she continued. "As my step-daughter @scoutlaruewillis told me, grief is the deepest and purest form of love. I hope you find some comfort in that too."
She included the hashtags #nationalgriefawarenessday #griefawareness and #liveitup.
It was announced in March that Bruce Willis was stepping away from acting due to his aphasia diagnosis, which impacts cognitive abilities.
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A receipt was sent to your email. | https://www.albanyherald.com/entertainment/bruce-willis-wife-emma-opens-up-about-grief/article_ce0a2520-d64b-5f18-9304-9f408398842b.html | 2022-08-31T15:35:02Z |
Newly infected COVID-19 patients have two treatment options that can be taken at home. But that convenience comes with a catch: The pills have to be taken as soon as possible once symptoms appear.
The challenge is getting tested, obtaining a prescription and starting the pills in a short window.
U.S. regulators authorized Pfizer’s pill, Paxlovid, and Merck’s Lagevrio late last year. In high-risk patients, both were shown to reduce the chances of hospitalization or death from COVID-19, although Pfizer’s was much more effective.
A closer look:
WHO SHOULD TAKE THESE PILLS?
The antiviral pills aren’t for everyone who gets a positive test. They are intended for those with mild or moderate COVID-19 who are more likely to become seriously ill. That includes older people and those with other health conditions like heart disease, cancer or diabetes that make them more vulnerable.
Both pills were OK’d for adults, while Paxlovid also is authorized for children ages 12 and older.
WHO SHOULDN’T TAKE THESE PILLS?
Merck’s Lagevrio is not authorized for children because it might interfere with bone growth. It also isn’t recommended for pregnant women because of the potential for birth defects.
Pfizer’s pill isn’t recommended for patients with severe kidney or liver problems. It also may not be the best option for some because it may interact with other medications.
The antiviral pills aren’t authorized for people hospitalized with COVID-19.
WHAT’S THE TREATMENT WINDOW?
The pills have to be started as soon as possible, within five days of the start of symptoms. Cough, headache, fever, the loss of taste or smell and muscle and body aches are among the more common signs. The Centers for Disease Control and Prevention offers a website to check your symptoms.
Dr. Cameron Wolfe, an infectious disease specialist at Duke University Hospital, advises getting a test as soon as you have symptoms of COVID-19.
“If you wait until you have started to get breathless, you have already to a large extent missed the window where these drugs will be helpful,” Wolfe said.
WHERE CAN YOU GET THE PILLS?
Pharmacies, community health centers, hospitals and urgent care centers are among the sites stocking the antiviral pills, but prescriptions must come from a doctor or other authorized health worker.
The oral treatments are currently available in about 20,000 locations around the country, but President Joe Biden’s administration expects that total to jump to around 40,000 in the next few weeks.
The administration also is working to expand the number of sites that can test patients and then provide the treatments in one visit. There are currently 2,200 of these so-called test-to-treat sites, including all 1,200 MinuteClinic locations inside CVS drugstores. Patients can find find test-to-treat locations by checking the U.S. government’s COVID.gov website.
Supplies of the pills were limited initially, but ample amounts are now available.
ARE THERE OTHER OPTIONS FOR NEW COVID-19 PATIENTS?
Yes, but it isn’t as easy to use as a pill.
In February, the Food and Drug Administration authorized a new injected drug from Eli Lilly, bebtelovimab, that targets the omicron variant with virus-fighting antibodies. Regulators cleared that drug for adults and adolescent patients with mild-to-moderate cases of COVID-19 who are at high risk of hospitalization and death.
Earlier this year, regulators revoked emergency use authorization for another Lilly treatment and drugs from Regeneron and GlaxoSmithKline because they were no longer effective against the evolving virus.
WHAT OTHER TREATMENTS MIGHT BE COMING?
Japanese drugmaker Shionogi is testing another antiviral pill.
Unlike Paxlovid, the company’s drug does not require taking a second antiviral to boost its effectiveness against COVID-19. That could reduce some of the potential drug interaction problems associated with the Paxlovid combination.
The Shionogi drug is also designed to be taken once daily for five days. That’s simpler than Paxlovid’s dosing, which must be taken twice daily for five days.
In mid-stage testing Shionogi said its drug significantly reduced COVID-19 viral levels and shedding in patients treated within five days of symptoms. The company is conducting a large global study in patients with increased risk of hospitalization or death due to age or other health issues. Early results from that study — which is being funded by the U.S. National Institutes of Health — are expected by the fall.
The company has already requested approval in Japan and plans to also file applications with regulators in the U.S. and Europe.
___
AP Health Writer Matthew Perrone contributed to this report. Follow Tom Murphy on Twitter at @thpmurphy.
___
The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Department of Science Education. The AP is solely responsible for all content. | https://cw33.com/health/ap-health/explainer-covid-19-pills-must-be-taken-within-5-days/ | 2022-04-27T13:36:31Z |
Kentucky governor vetoes proposed 15-week abortion ban
FRANKFORT, Ky. (AP) — Democratic Gov. Andy Beshear vetoed a Republican-priority measure on Friday that would ban abortions in Kentucky after 15 weeks of pregnancy and regulate the dispensing of abortion pills.
The governor raised doubts about the constitutionality of the bill and criticized it for not including exceptions for pregnancies caused by rape or incest.
State lawmakers will have a chance to override the veto when they reconvene next week for the final two days of this year’s 60-day legislative session. The abortion measure won overwhelming support in the GOP-dominated legislature. A state Republican Party spokesman called the veto the latest example of the governor’s “ideological war” on conservative values.
The proposal reflects the latest attempt by Kentucky lawmakers to put more restrictions and conditions on abortion since the GOP took complete control of the legislature after the 2016 election.
The proposed 15-week ban is modeled after a Mississippi law under review by the U.S. Supreme Court in a case that could dramatically limit abortion rights. By taking the preemptive action, the bill’s supporters say that Kentucky’s stricter ban would be in place if the Mississippi law is upheld.
Kentucky law currently bans abortions after 20 weeks of pregnancy.
Beshear on Friday condemned the bill for failing to exclude pregnancies caused by rape or incest.
“Rape and incest are violent crimes,” the governor said in his veto message. “Victims of these crimes should have options, not be further scarred through a process that exposes them to more harm from their rapists or that treats them like offenders themselves.”
The governor said the bill would make it harder for girls under 18 to end a pregnancy without notifying both parents. As an example, he said that a girl impregnated by her father would have to notify him of her intent to get an abortion.
Beshear, a former state attorney general, also said the bill is “likely unconstitutional,” noting that similar laws elsewhere were struck down by the Supreme Court. He pointed to provisions in the Kentucky bill requiring doctors performing nonsurgical procedures to maintain hospital admitting privileges in “geographical proximity” to where the procedures are performed.
“The Supreme Court has ruled such requirements unconstitutional as it makes it impossible for women, including a child who is a victim of rape or incest, to obtain a procedure in certain areas of the state,” the governor said.
Opponents of the Kentucky bill say its restrictions are so onerous that no abortion clinic could comply.
The state Republican Party sharply criticized Beshear for the veto. It will likely surface as an issue again next year when the governor runs for a second term in Republican-trending Kentucky.
On Friday, state GOP spokesperson Sean Southard said the governor’s veto was “the latest action in his ideological war on the conservative values held by Kentuckians.”
Abortion rights supporters defended the governor’s action. Jackie McGranahan, policy strategist for the American Civil Liberties Union of Kentucky, said the bill aims to “shame and ostracize patients” and “push a safe and effective method of abortion care out of reach.”
Another key part of the bill would set regulations for the dispensing of abortion pills. It would require women to be examined in person by a doctor before receiving the medication.
That part of the bill is part of a nationwide push by anti-abortion groups to limit the ability of physicians to prescribe abortion pills by telemedicine, and comes in response to the increased use of pills rather than surgery to terminate early pregnancies.
About half of all abortions performed in Kentucky are the result of medication procedures.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/04/08/kentucky-governor-vetoes-proposed-15-week-abortion-ban/ | 2022-04-09T06:30:35Z |
Streamable Learning provides curriculum-focused, standards-aligned experiences that help students connect learning with real-world experiences.
NEW YORK, Aug. 15, 2022 /PRNewswire/ -- Few things are more magical during the school day, than taking a field trip, and immersing a child's knowledge in a subject area by exposing them to realities of the world around them. Field trips enrich and expand the curriculum, build curiosity and wonder and provide students with experiences they can interact with. Today Infobase Holdings, the cloud-based educational solutions provider that integrates award-winning content, tools, and technology to foster lifelong learning and deliver interactive learning experiences, is proud to offer Streamable Learning, a virtual field trip subscription service for K–12 schools and districts.
Through its virtual offering, Streamable Learning is the only live and interactive streaming service on the market today that also offers an extensive library of past recordings (1,000+), opening classrooms to an endless world of interactive, educational live streams that equitably connect students, schools, and districts to subject-matter experts and organizations from around the world with just the click of a link.
Offering more programs from more providers than any other platform, Streamable Learning is priced right to be accessible for teachers looking to enhance their lesson plans. Hundreds of 30-to-40-minute adventures are streamed directly into classrooms, allowing students to "travel" around the world by eliminating the often-prohibitive expense of actual field trips and the logistics and safety concerns surrounding them.
The interactive field trips also provide students with direct access to passionate subject-matter experts they can learn from and chat with on just about everything. Partners of Streamline Learning include CodeJoy, the National D-Day Memorial, Northwest Trek Wildlife Park, Ford's Theatre, the Museum of Fine Art Boston, the South Carolina Aquarium, Planet Bee Foundation, NASCAR Hall of Fame, Poetry4Kids, and the North Carolina Museum of Natural Sciences, among many others.
"We know educators are struggling with learning loss and are looking for meaningful ways to engage and support students in today's changing learning environments." says Paul Skordilis, CEO of Infobase. "Offering interactive, virtual field trips makes sense for our K–12 partners to make connections to new learning via real-world experiences that can help improve student outcomes."
Whether students are in the classroom, fully remote, or in a hybrid learning environment, Streamable Learning provides curriculum-focused, standards-aligned experiences that help students connect what they learn in class with what is happening worldwide. Each event is sourced from renowned educational institutions from around the world. Both recordings and live streams align with U.S. state and Common Core standards.
An annual, all-inclusive Streamable Learning subscription includes:
- A robust prescheduled calendar of live events
- Hundreds of K–12 interactive live streams across a wide variety of subjects and grade levels
- On-demand access to more than 1,000 previously recorded live streams
- Supplemental resources
- Ability for classrooms to directly interact with subject-matter experts through live chats
Infobase will now include one to two complimentary rotating live events monthly from Streamable Learning on a first-come, first-served basis. In addition, an all-inclusive Streamable Learning subscription is available at a discounted price for Learn360 subscribers.
In addition, through your Learn360 subscription, you can easily access five recently added virtual field trips from Streamable Learning:
- Famous Children's Poets: Dr. Seuss
- Art of Ancient Greece: Heroes and Deities
- CodeJoy Presents Robot Shakespeare with micro:bit
- Fascinating Felines at the Memphis Zoo
- Poop, Plankton, and Plastics with Ocean Wise
Streamable Learning is accessible via a Learn360 subscription, so educators have one point of access and can pair Learn360 assets with livestreams to create memorable and meaningful learning experiences. Learn360 and Streamable Learning are also available separately.
To learn more about Streamable Learning, trial the platform, or contact a representative for discussion, contact Infobase at OnlineSales@Infobase.com.
Infobase Contact: Amanda Shea, Senior Vice President of Marketing, ashea@infobase.com.
Based in Charleston, South Carolina, Streamable Learning has become the leading provider of interactive livestreams in the K–12 market. Through their subscription services, they host well over 700 livestreams a year from around the world designed to bring subject-matter experts and students together. An abundance of livestreams coupled with on-demand recordings supplement existing lesson plans and equalize access to educational resources for schools and districts across the U.S. and Canada.
Infobase, a Northlane Capital Partners and Centre Lane Partners portfolio company, is an educational solutions provider facilitating the connection between content, people, and the learning experiences that empower all users to evolve personally and professionally throughout their lives. Infobase delivers award-winning multimedia reference content, online tools and technology, and professional development and training solutions to the school, academic, and public library communities.
Enabled by such well-known brands as Facts On File, Learn360, Credo, The Mailbox®, Films Media Group, Bloom's, Ferguson's, Omnigraphics, and Vault/Firsthand, Infobase provides students, educators, librarians, parents, and professionals with a broad range of solutions they need to inspire, enable, and inform lifelong learners. For more than 80 years, Infobase has been a reliable, authoritative resource providing flexible options for accessing educational content, whether in school, at the library, or at home. To learn more, visit www.Infobase.com.
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SOURCE Infobase | https://www.mysuncoast.com/prnewswire/2022/08/15/infobase-delivers-interactive-virtual-field-trips-thousands-students-through-streamable-learning-partnership/ | 2022-08-15T14:30:29Z |
Proceeds to Support Private Military Security Contractors Returning from Battle in the World's Most Dangerous Locations
RICE LAKE, Wis., Sept. 6, 2022 /PRNewswire/ -- Henry Repeating Arms, one of the country's leading firearm manufacturers, is proud to announce its latest Guns For Great Causes campaign with the donation of a one-of-a-kind New Original Henry Rifle to benefit the Shadow Warriors Project, co-founded by speaker, best-selling author, and former private military security contractor, Mark "Oz" Geist. The ornately engraved firearm is currently up for auction on Gunbroker.com, with 100% of the proceeds from the winning bid going directly to funding Shadow Warrior Project's endeavors. Early estimates suggest the auction could exceed $50,000.
Mark Geist served in the United States Marine Corps for 12 years before deciding to extend his service to the country as a special operative contractor, where he became part of an elite security team for a CIA outpost in Benghazi, Libya. This facility would become the target of the Islamic militant group Ansar al-Sharia on September 11, 2012, and Geist is credited with saving the lives of 25 Americans during the siege. The actions of Geist and the rest of his team are depicted in the New York Times best-seller, 13 Hours: The Inside Account of What Really Happened in Benghazi, and a feature film titled "13 Hours: The Secret Soldiers of Benghazi."
Shadow Warriors Project was started by Geist and his wife Krystal after he returned home mentally and physically injured, unable to work, and with no official support programs due to his status as a private contractor. Unlike active military members or veterans, there is no post-engagement support for private security contractors returning from battle overseas. The Shadow Warriors Project's goal is to serve as a lifeline by offering financial assistance for medical bills, PTSD treatments, and other necessary rehabilitation to ease the transition into everyday civilian life. It is the only organization of its kind. Beneficiaries of the foundation are private military security contractors hired by the CIA or private firms that have conducted paramilitary security operations in some of the world's most volatile locations.
"To learn about Mark's service and understand what he and his brothers have gone through before, during, and after the 2012 Benghazi attack is humbling and nothing short of awe-inspiring," says Henry Repeating Arms CEO and Founder Anthony Imperato. "Henry Repeating Arms wholeheartedly backs Mark and Krystal's valiant mission and any organization dedicated to bettering the lives of those who sacrificed so much for our freedom and liberty. We pulled out all the stops for this rifle, so now my fingers are crossed for an auction record."
Henry Repeating Arms is donating one of the most exclusive rifles ever built in the company's history, a custom 1-of-1 Shadow Warriors Project edition New Original Henry Rifle featuring hand-chased engraving and rare exhibition-grade American walnut furniture. The rifle bears the Shadow Warriors Project emblem on one side of the hardened brass receiver, the Seal of the President of the United States on the opposite, and a unique custom "SW911" serial number. Flourishing leafy-vine scrollwork and a scalloped border fill out the embellishments on both sides of the rifle.
Besides using modern materials to accommodate contemporary ammunition, the rifle is accurate to Benjamin Tyler Henry's 1860 patent for the first successful repeating rifle and one of America's most legendary contributions to the international stage of firearms design. Features include a one-piece octagon barrel and 13-round tube magazine that are deeply blued and highly polished, a polished brass crescent buttplate with a period-correct "trapdoor" compartment, a folding ladder rear sight and brass blade front sight, and a traditional half-cock safety mechanism.
The online auction, available at https://www.gunbroker.com/item/946003221, concludes on Friday, September 16th at 9:00 AM Eastern. All firearm sales must ship to a federally licensed dealer. For more information about Henry Repeating Arms and the rest of its products, visit henryusa.com or call 866-200-2354 for a free catalog.
Henry Repeating Arms is one of the leading rifle and shotgun manufacturers in the United States and a world leader in the lever action category. The company motto is "Made in America, or not made at all," and its firearms come with a lifetime guarantee backed by award-winning customer service. The company is also known for its Guns For Great Causes charitable program, which focuses on assisting the families of sick children, children's hospitals, military veteran organizations, Second Amendment advocacy groups, and wildlife conservation organizations. The company currently employs over 550 people and has over 330,000sf of manufacturing space in its Wisconsin and New Jersey facilities. The company is named in honor of Benjamin Tyler Henry, who invented and patented the Henry lever action rifle in 1860 – the first practical repeating rifle and America's unique contribution to the international stage of firearms design. Visit Henry Repeating Arms online at henryusa.com, on Facebook at facebook.com/HenryRepeating, and @henry_rifles on Instagram.
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SOURCE Henry Repeating Arms | https://www.kxii.com/prnewswire/2022/09/06/one-of-a-kind-henry-rifle-heads-auction-shadow-warriors-project/ | 2022-09-06T14:32:38Z |
Sanolla's pioneering technology draws lifesaving medical insights from listening to bodily sounds that cannot be heard by humans
The startup's AI algorithms provide unmatched disease classification for many cardiopulmonary diseases including COPD, pneumonia, asthma, and cardiac morbidities
NESHER, Israel, April 11, 2022 /PRNewswire/ -- Israeli startup Sanolla, which provides AI-powered primary care diagnostic solutions, announced that the FDA has granted 510(k) clearance for the clinical use of the AI-ready VoqXTM, the first stethoscope in the world that can listen to infrasound - acoustic waves that cannot be heard by humans. The FDA clearance follows the Israeli Health Ministry's recently granted regulatory approval. The regulatory approvals enable Sanolla to immediately make the VoqX available for clinical use in the US and Israel, with the aim of replacing all of today's archaic-technology stethoscopes with its smart infrasound stethoscope.
Sanolla's AI algorithms provide unmatched disease classification for many cardiopulmonary diseases including COPD, pneumonia, asthma, and cardiac morbidities. The company has submitted 20 patent applications, 8 of which have already been granted.
"FDA clearance is an important milestone for Sanolla. The VoqX, which has been used extensively for studies in the United States, Europe and Israel, is now available for clinical use," said Dr. Doron Adler, Sanolla's co-founder and CEO. "Our distribution partners have been waiting for this moment to begin sales in the US and other territories."
Sanolla's novel technology, dubbed "The Sounds of Life", picks up clinically rich low-frequency sound waves (3-40Hz), also known as infrasound, which are not audible to the human ear yet carry diagnostic information beyond what is available in the audible spectrum only.
The VoqX's smart signal processing shifts sounds to the ear's most sensitive frequency range and coupled with dynamic noise cancelation provides an exceptional auscultation experience. Sanolla has developed AI algorithms for disease classification that make full use of the infrasound information that will be uploaded to the AI-ready VoqX upon their regulatory clearance. Alongside the VoqX, the company has developed the PyXy™ home monitoring device for chronic disease management and early exacerbation detection for chronic cardiopulmonary diseases.
Sanolla was established in 2016 by Dr. Doron Adler (CEO) and David Linhard (COO). To date, the startup raised $16 million, which include $9 million from the founders, angels, and NextLeap Ventures and $7 million from the European Union's Horizon 2020 programme and the Israel Innovation Authority. The company is set to begin a Round A funding raise this summer to cover sales, marketing, R&D, manufacturing collaborations and regulatory approvals.
Dr. Michael Wasserman, MD, a recognized expert on geriatric care and a member of federal and state advisory committees, said: "The VoqX is an excellent tool for diagnosing cardiopulmonary morbidities including valvular pathologies. Its acoustic optimization and dynamic noise cancellation make the VoqX an indispensable tool for physicians in any environment and is expected to improve early detection of heart and lung diseases at the primary care level by general practitioners".
Images for this announcement can be downloaded here.
Photographers' credits:
Dr. Doron Adler: David Moskovitz
Management / leading team: Moran Maayan
Sanolla team: Eyal Hirsh
Products photos: Tiko Product Design Studio
Media contact:
Amir Ben Artzi,
Meirovitch PR,
amir@meirovitch.com
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SOURCE Sanolla | https://www.wibw.com/prnewswire/2022/04/11/israeli-startup-sanolla-receives-fda-clearance-worlds-first-ai-ready-infrasound-stethoscope/ | 2022-04-11T12:27:57Z |
Off-duty officer helps family after van flipped on busy highway
JACKSONVILLE, Fla. (WJXT) - Anthony LaQuidara, a Florida officer, helped save the day for a family of four after their van flipped on its side Saturday.
“I know any other good person would have stopped on the side of the road,” LaQuidara said.
He used his training as an officer with the Jacksonville’s Sheriff’s Office and also got help from nearly 10 other drivers who pulled over.
LaQuidara and scouts with Troop 26 were on their way back from a camping trip in Georgia.
They said the van was driving in front of them on I-75. When it switched lanes, one of the back tires blew, causing the driver to lose control and flip several times.
LaQuidara pulled two people out of the vehicle while gas was leaking and the van was smoking.
“We kicked out the back windshield so we got one girl out of there, and then there was one female who was trapped underneath the steering wheel,” he said. “So me and another gentleman crawled inside inside the car, and we had to lift her up in order to get her unstuck.”
Scouts Henry Bryan and John Stewart saw it all.
“I just see TJ (LaQuidara) pulling over and immediately bolting out. I’ve never seen anybody run that fast,” Bryan said.
“I was thinking, ‘I just hope they are OK. I hope the car does not catch on fire and TJ will be OK,’” John said.
LaQuidara has been their scoutmaster for about a year.
“We always hear the stories of his daily life as a police officer,” Bryan said. “We never expected to see him in action, especially not this extreme.”
John said LaQuidara’s actions inspired him to “help people more often.”
LaQuidara said he refuses to call himself a hero. He said he is just grateful to have been in the right place at the right time.
Copyright 2022 WJXT via CNN Newsource. All rights reserved. | https://www.wibw.com/2022/06/13/off-duty-deputy-helps-family-after-van-flipped-busy-highway/ | 2022-06-13T14:12:18Z |
SALADO — Services were held Tuesday, April 26, for Julie Ray Goggans, 58, of Temple.
Mrs. Goggans died Thursday, April 21, at her residence.
She was born June 11, 1963, in El Paso to W.D. and Joan Ray. She married Jack Goggans. She worked as a loan processor in the mortgage industry.
Survivors include her husband; four children, T.R. Jones and Jake Goggans, both of Oxford, Ala., Anna Norman of Little River-Academy and Leah Simmons of Alexandria, Ala.; her mother and father; a sister, Salle Davis of Killeen; and six grandchildren.
Memorials may be made to Baylor Scott & White oncology department or Salado Presbyterian Church.
Broecker Funeral Home of Salado was in charge of arrangements. | https://www.tdtnews.com/obituaries/article_68bb76de-c5b9-11ec-a2df-7312b9c3428d.html | 2022-04-27T09:17:28Z |
WASHINGTON (AP) — Math and reading scores for America’s 9-year-olds fell dramatically during the first two years of the pandemic, according to a new federal study — offering an early glimpse of the sheer magnitude of the learning setbacks dealt to the nation’s children.
Reading scores saw their largest decrease in 30 years, while math scores had their first decrease in the history of the testing regimen behind the study, according to the National Center for Education Statistics, a branch of the U.S. Education Department.
The dramatic setbacks, which erased two decades of progress in American test scores, reflect years of upheaval for the country’s education system. Schools shut down for months at a time amid COVID-19 outbreaks. Many children spent a year or more learning from home. Virus outbreaks among staff and students continued the disruption even after kids returned to the classroom.
The declines hit all regions of the country and affected students of most races. But they were most dramatic for the country’s most vulnerable kids. Students of color saw some of the steepest decreases, widening the racial achievement gap.
Much of the nation’s standardized testing didn’t happen during the early days of the pandemic, so the findings released Thursday gave an early look at the impact of pandemic learning disruptions. Broader data is expected to be released later this year as part of the National Assessment of Educational Progress, also known as the Nation’s Report Card.
“These are some of the largest declines we have observed in a single assessment cycle in 50 years of the NAEP program,” said Daniel McGrath, the acting associate commissioner of NCES. “Students in 2022 are performing at a level last seen two decades ago.”
In math, the average score for 9-year-old students fell 7 percentage points between 2020 and 2022, according to the study. The average reading score fell 5 points.
The pandemic’s upheaval especially hurt students of color. Math scores dropped by 5 percentage points for white students, compared with 13 points for Black students and 8 points for Hispanic students. The divide between Black and white students widened by 8 percentage points during the pandemic.
Decreases were more uniform in reading: Scores dropped 6 points for white, Black and Hispanic students.
For Asian American students, Native American students and students of two or more races, there was little change in reading or math between 2020 and 2022, the study found.
The setbacks, especially among underprivileged kids, raised alarms in the education world. Denise Forte, interim CEO of the Education Trust think tank, called it “deeply disturbing.”
“Due to inequitable and unjust school systems, students who are the most underserved continue to struggle academically both before and during the pandemic,” Forte said. “Decision-makers at all levels have not done nearly enough to address the long-standing resource inequities that prohibit Black, Latino and students from low-income backgrounds from reaching their full academic potential.”
A national association of superintendents said the findings are disappointing but not surprising.
Dan Domenech, executive director of AASA, said there’s encouraging evidence that schools are now investing in summer learning, mental health counselors and reading specialist. But experts have questioned whether schools are taking actions that are sweeping enough to address the magnitude of academic losses.
Geographically, all regions saw decreases in math, but declines were slightly worse in the Northeast and Midwest compared with the West and South. Outcomes were similar for reading, except that the West had no measurable difference compared with 2020.
Although it marks a sharp drop since 2020, the average reading score was 7 points higher than it was in 1971, and the average math score was 15 points higher than in 1978, the study found.
Overall, the results paint a “sobering picture” of schooling during the pandemic, said Peggy Carr, commissioner of the NCES.
Federal officials say this is the first nationally representative study to compare student achievement before the pandemic and in 2022, when most students had returned to in-person learning. Testing was completed in early 2020, soon before the World Health Organization declared COVID-19 a pandemic, and in early 2022.
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The Associated Press education team receives support from the Carnegie Corporation of New York. The AP is solely responsible for all content. | https://cw33.com/news/u-s-news/ap-us-headlines/ap-reading-math-scores-fell-sharply-during-pandemic-data-show/ | 2022-09-02T03:43:33Z |
Powered by Purlin, a New Valley Ventures PropTech Investment, AdPro Enhances Agents' Ability to Promote Listings, Target Buyers, Grow Reach and Boost Lead Gen
NEW YORK, June 1, 2022 /PRNewswire/ -- Douglas Elliman Realty, one of the largest independent residential real estate brokerages in the United States, announced today the launch of AdPro, a new custom-built digital ad publishing solution that uses artificial intelligence (AI) to help agents more effectively promote properties, target potential buyers, expand their reach and generate more leads. AdPro is powered by Purlin, one of the first companies to receive funding from New Valley Ventures, the PropTech investment arm of Douglas Elliman Inc.
"As a business built on empowering agents to grow their businesses, we are continuously looking for new tools and technologies to give them an edge," said Scott Durkin, Chief Executive Officer, Douglas Elliman Realty. "We can't wait to see what opportunities and possibilities AdPro will unlock for them."
Featuring a simple and intuitive interface, AdPro enables agents to quickly and easily produce and publish ads on-the-go for Facebook, Instagram and Google.
"So much of sales and marketing is about telling powerful stories, and our agents are some of the best storytellers around," said Stephanie Garbarini, Chief Marketing Officer, Douglas Elliman Realty. "AdPro will help them to share their stories more efficiently and ensure they are seen by the right people."
AdPro's propriety AI models track lookalike high-intent audiences, as well as engagement with similar listings and related interests, in order to target likely buyers in the market for real estate. Agents can select from a menu of packages preset with finely tuned targeting and optimal duration to maximize the impact of a promoted listing.
"AI is profoundly transforming the way we do business and with AI enhanced AdPro, we are delivering our agents a more qualified and intentional pool of buyers for of their exclusive listings," said Connie Mui-Reilly, Executive Vice President and Chief Information Officer, Douglas Elliman Realty.
"Our commitment to developing and investing in AI-powered PropTech like AdPro will ensure we stay at the leading edge of innovation," added Dan Sachar, Managing Director of New Valley Ventures LLC and Vice President of Enterprise Innovation at Douglas Elliman Inc. "We are excited to see our investment in Purlin come to life via this exciting platform."
AdPro also fosters greater collaboration and transparency with sellers by sharing real-time performance and traffic reports for the ads promoting their properties.
Douglas Elliman will begin rolling out AdPro to agents on a regional basis in the coming weeks.
Douglas Elliman Inc. (NYSE: DOUG, "Douglas Elliman") owns Douglas Elliman Realty, LLC, which is one of the largest residential brokerage companies in the New York metropolitan area, which includes New York City, Long Island, Westchester, Connecticut, New Jersey and the Hamptons, and the sixth largest in the U.S., with operations in California, Colorado, Texas, Nevada, Florida and Massachusetts. 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/2022/06/01/douglas-elliman-launches-custom-digital-social-advertising-solution-adpro/ | 2022-06-01T18:34:17Z |
Caroline Wynne to lead the continuous development of marketing strategies for the organization
IRVINE, Calif. , July 20, 2022 /PRNewswire/ -- MIND Research Institute (MIND) has hired Caroline Wynne as Vice President of Engagement to lead marketing strategies and brand awareness. Wynne brings more than 17 years of marketing experience to the role.
At MIND, Wynne will be responsible for managing the organization's marketing plans and activities that promote and enhance the organization's initiatives, which include the visual instructional ST Math® program, the MathMINDs initiative, which brings math out of the classroom, as well as future research and development projects.
"We are excited to have Caroline join the MIND team," said Jim Kirchner, Chief Revenue Officer of MIND. "I appreciate her passion and look forward to the fresh perspective that her vast marketing experience will bring to our engagement efforts."
Wynne has spent most of her marketing career at edtech organizations working closely with K-12 school districts and state departments of education. Most recently, she built and led a successful marketing team at Lexia Learning. Previously, as a marketing leader at Voyager Sopris and Performance Matters, she launched new edtech products, acted as a brand steward, implemented impactful thought leadership programs, and managed customer communications.
"MIND has a unique opportunity to prepare all students to solve the world's most challenging problems," said Wynne. "I'm excited to be a part of the collaborative leadership team and I look forward to leading the engagement team as we scale our impact towards accomplishing the mission."
Wynne holds a Bachelor of Arts in business marketing from Queens University of Charlotte.
MIND Research Institute is a neuroscience and education social impact organization dedicated to ensuring that all students are mathematically equipped to solve the world's most challenging problems. MIND is the creator of ST Math®, a PreK-8 visual instructional program that leverages the brain's innate spatial-temporal reasoning ability to solve mathematical problems. ST Math's unique, patented approach provides students with equitable access to learning through challenging puzzles, non-routine problem solving, and informative feedback. Visit mindresearch.org.
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SOURCE MIND Research Institute | https://www.mysuncoast.com/prnewswire/2022/07/20/mind-research-institute-announces-new-vice-president-engagement/ | 2022-07-20T16:48:30Z |
Leading HVAC manufacturer to empower contractors with variety of commercial HVAC solutions
RACINE, Wis., July 14, 2022 /PRNewswire/ -- Modine Manufacturing Company (NYSE: MOD), a leader in technology in the HVAC industry, is partnering with Texas AirSystems, a premier independent representative for commercial HVAC manufacturers, to expand access to the Airedale product line.
As part of the partnership, Airedale by Modine will be represented by Texas AirSystems in the Texas market while providing an array of HVAC solutions to potential clients.
"At Modine, we strive to revolutionize the HVAC industry by proactively offering new innovative solutions to meet the needs of our customers," said Kimberly Raduenz, manager of strategic marketing for the IAQ division at Modine. "Equally as important as product development are the relationships built with the contractors we serve, and Texas AirSystems has built a reputation on building and maintaining strong partnerships that provide tangible value.
"This new partnership with Texas AirSystems not only expands the reach and notoriety of our Airedale line, but it empowers contractors to confidently select the perfect match for their project from an array of solutions offered by Modine. It's a win-win for everyone involved."
Modine specializes in a variety of ventilation and heating solutions for diversified markets. With a focus on providing optimal HVAC services, the Airedale product line offers solutions ranging from the ClassMate® DX Cooling and Heat Pump to the Sentinel® Vertical Unit Ventilator.
Representing over 80 manufacturers, Texas AirSystems offers innovative systems with a flexibility of equipment and solutions to best match each application. Their team partners with industry professionals and end users to provide energy-efficient, value-added solutions to complex projects.
"At Texas AirSystems, we work hard every day to build better partnerships. That's the ultimate benefit we offer our manufacturers and customers – that we are always looking for ways to win for our partners," said Al Amerson, executive vice president at Texas AirSystems. "Our new partnership with Airedale is going to make Texas AirSystems a better partner for the clients we serve across Texas. Their innovative comfort systems are designed to improve existing conditions bringing immense value to our customer partners.
"From elementary schools to higher education, educators trust Airedale to provide optimal learning environments with responsible energy consumption. That ideal combination provides our customer partners in the K-12 vertical market with clean, temperature-controlled air for a safer and more productive place to learn."
To learn more about Modine HVAC solutions, please visit https://www.modinehvac.com/.
To learn more about Texas AirSystems, please visit https://www.texasairsystems.com/.
About Modine
At Modine, we are engineering a cleaner, healthier world. Building on more than 100 years of excellence in thermal management, we provide trusted systems and solutions that improve air quality and conserve natural resources. More than 11,000 employees are at work in every corner of the globe, delivering the solutions our customers need, where they need them. Our Climate Solutions and Performance Technologies segments support our purpose by improving air quality, reducing energy and water consumption, lowering harmful emissions and enabling cleaner running vehicles and environmentally-friendly refrigerants. Modine is a global company headquartered in Racine, Wisconsin (USA), with operations in North America, South America, Europe and Asia. For more information about Modine, visit www.modine.com.
About Texas AirSystems
For over 45 years, Texas AirSystems has been locally owned and operated. We represent over 80 manufacturers, offering innovative systems with a flexibility of equipment and solutions to best match each application. Our sales professionals offer technical expertise in the design, construction, commissioning, and operation of building mechanical systems. Texas AirSystems exists for one reason: the unwavering pursuit of BUILDING PARTNERSHIPS®. That commitment to partnership means continuously adapting our business to the way our partners need us to work so that together we can take on big challenges that produce even bigger results. Please visit www.texasairsystems.com for more information.
Media Contact: Heather Ripley
(865) 977-1973
hripley@ripleypr.com
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SOURCE Modine Manufacturing Company | https://www.kxii.com/prnewswire/2022/07/14/modine-partners-with-texas-airsystems-expand-access-airedale-product-line/ | 2022-07-14T11:53:02Z |
MONZA, Italy (AP) — Formula One championship leader Max Verstappen again made light work of starting down the grid as he won the Italian Grand Prix on Sunday to leave him within touching distance of a second successive title.
Verstappen now has a 116-point lead over Charles Leclerc, who finished second after another questionable strategy decision from Ferrari on its home track. With just six races remaining, the Dutch driver could clinch the title in Singapore next month.
It was the first time Verstappen has set foot on the iconic Monza podium, with his highest previous finish being fifth in 2018.
“It took a bit of time to be on a great podium like this, but finally we’re on it,” Verstappen said.
Verstappen started seventh after he was among a number of drivers hit by grid penalties but made his way up to third by the first corner of the second lap. The Red Bull driver then picked off George Russell in a Mercedes at the start of Lap 5 setting up the hunt for polesitter Leclerc in his Ferrari.
“The start was very good, directly, and then I could quickly get back into my rhythm and get back into second,” Verstappen said. “It was enjoyable to drive today even though it was quite hot out there. Great day for us.”
The Virtual Safety Car gave Verstappen an opportunity as it came out on Lap 12 after Sebastian Vettel’s final race at Monza came to an ignominious end, with the four-time world champion pulling up at the side of the track after complaining about a power issue.
Ferrari decided to bring Leclerc in to change to medium tires, allowing Verstappen to take the lead. Leclerc rejoined the race in third.
“To be honest we didn’t know what they were going to be doing behind, so we took that choice,” a downbeat Leclerc said.
“Obviously we finished P2 so I’m not extremely happy with the race but, yeah, we’ll work on that. I think we were quite strong today but it just wasn’t enough.”
Leclerc moved past Russell and then briefly regained the lead when Verstappen pitted on the 26th lap but the pair swapped places again seven laps later when the Ferrari driver pitted for new tires for a second time.
The safety car came out again shortly after last year’s winner, Daniel Ricciardo, pulled up on Lap 47 prompting most drivers to pit for soft tires.
However, a final battle never materialised when the race finished behind the safety car with Verstappen securing his fifth straight victory and his 11th of the season — one more than last year.
Russell was third, ahead of Carlos Sainz Jr. and Lewis Hamilton, who had both fought through the field after starting at the back of the grid following penalties.
Verstappen’s Red Bull teammate Sergio Pérez had also been hit by grid penalties and had started 13th but, despite an eventful race that also featured a brake fire, he managed to finish sixth and also pick up the extra point for fastest lap.
Lando Norris was seventh, after a poor start from third, with Pierre Gasly just behind him.
Williams reserve driver Nyck de Vries finished his first ever F1 race in ninth. The 27-year-old was a late replacement for Alex Albon after the Thai driver was diagnosed with appendicitis.
“Wow, wow. Thank you, thank you very much. This has been incredible, points on debut, thank you,” De Vries said on team radio after crossing the line, before then uttering an expletive and adding “my shoulders are dead, dead.”
___
More AP auto racing: https://apnews.com/hub/auto-racing and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/ap-verstappen-wins-italian-gp-for-1st-time-to-close-in-on-title/ | 2022-09-11T15:51:11Z |
The Semi-Annual Release includes newly added APIs, product lines, and product forms along with other features that allow for a quick match to target market graphics, independent business intelligence reports, and improved global product presentation.
PHILADELPHIA, April 20, 2022 /PRNewswire/ -- Decision Research Corporation (DRC), an industry leading provider of cloud-provisioned enterprise solutions for the P&C and Specialty insurance industry, is proud to announce the immediate availability of the DRC Insurance Platform Semi-Annual Release, complete with newly added capabilities and functions.
The DRC Insurance Platform is a full-service suite that integrates the robust RS X Rating engine with comprehensive Quote and Policy Administration, Billing, Claims, Analytics, and pre-configured third-party integrations – all made to handle the complex risks that P&C insurers (especially E&S and Specialty) face.
The March Release highlights DRC's continued commitment towards delivering innovation to the E&S and Specialty Industry. These newly added features will further enable insurers to exceed the ever-changing customer expectations in the industry and stay ahead of the market. Key features for the DRC Insurance Platform March Release include:
- Additional APIs have been added, bringing DRC's robust API library to 130 atomic, flexible, and non-prescriptive services.
- Customer Clearance/Internal Clearance. This allows for quick and accurate risk clearance to speed up submission, indication and quoting.
- Enhanced support for Azure Single Sign-On capabilities for the SAML standard to empower streamlined integrations.
- New product lines including Commercial Property, Directors and Officers, and Trucking were added.
Other exciting new features include a user interface theme picker to quickly match target market graphics, self-service data analytics for independent business intelligence reports, multi-currency enhancements to improve global product presentation and calculation, additional product forms, among other functionality enhancements to take advantage of a cloud deployment.
Rob Whitton, DRC's VP of Business Development says, "Underwriting teams are often assigned with non-underwriting tasks for the most trivial of procedures because of a lack of automation. DRC surveyed 100 industry professionals and found that nearly all executives believe that their underwriting team spends many hours a week on non-underwriting tasks. These new features are essential to eliminating these unnecessary hours so underwriters can focus on higher-level tasks."
Cleaner, more comprehensive, and timely data allows underwriters to respond more quickly to their agents and focus their time on the risks that really require human review. In a volatile market like E&S and Specialty, sustainable growth is key. This can only be achieved through reduced expense ratios and efficient, thoughtful underwriting that is powered by a cloud-provisioned, end-to-end full suite platform.
Les McElhaney, VP of Product and Technology testifies the following: "There has been less automation assistance in the Specialty and E&S markets due to the copious amounts of data to review and the highly customized pricing models. This base release delivers that much-needed automation to the industry and furthers insurance technology's capabilities of handling complex risks."
About DRC
DRC provides innovative, cloud-provisioned, enterprise solutions to P&C insurance companies looking to boost their business development efforts, reduce administrative overhead, and accelerate speed-to-market for their products through automation. RS X Rating, DRC's no-code rating solution, gives actuaries the ability to configure powerful automation functions without IT assistance, and to price risks and model products, no matter how complex, all through a familiar Microsoft Excel® interface. DRC's flagship product is the DRC Insurance Platform, a full-service policy administration system, including portals, quoting, billing, claims, and advanced analytics, powered by RS X Rating, and engineered to streamline internal processes and empower business users within a secure and robust enterprise ecosystem. DRC has remained committed to total customer satisfaction throughout its 50-year history, and its clients, running the gamut of size and scope from large global carriers to regional start-ups, continue to rely on DRC's trusted solutions to manage over $7 billion in written premium. To learn more about DRC, visit www.decisionresearch.com.
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SOURCE Decision Research Corporation | https://www.wibw.com/prnewswire/2022/04/20/industry-leading-drc-insurance-platform-2022-semi-annual-release-now-available/ | 2022-04-20T13:02:28Z |
Nationwide survey reveals many consumers are unaware of cyber insurance solutions
Highlights:
- Nationwide's Agency Forward survey reveals 58% of consumers are concerned about falling victim to a cyberattack – up nine points since June 2020.
- Despite those concerns, 69% of those surveyed say they don't have cyber insurance
- Without insurance, recovery from a cyber issue can take up to years and cost thousands of dollars. Having insurance can drastically reduce recovery time and spare consumers additional costs due to damage.
COLUMBUS, Ohio, Sept. 15, 2022 /PRNewswire/ -- Cyberattacks are grabbing headlines every day so it's no wonder many Americans fear they could be the next cyber victim. The latest Agency Forward cyber security survey from Nationwide reveals that consumer concerns about a cyberattack are on the rise, especially as more people rely on technology and data for everyday tasks like grocery shopping or paying bills.
58% of those surveyed admit they are concerned about falling victim to a cyberattack – up nine points since June 2020. Consumers said increased frequency (61%) and sophistication of attacks (51%) in recent years are causes for concern.
One in five consumers report having been victim of cybercrimes, with the most common attacks being password attacks (38%), data breaches (31%), malware (30%) and phishing (30%).
"The survey data is startling," said Beth Riczko, Nationwide's President of Property and Casualty Personal Lines. "Since cyberattacks are now commonplace, it reinforces the need for consumers to make protecting their personal cyber footprint with insurance and mitigation a priority – just like they would with their home or car."
The Agency Forward data showed that 86% of consumers believe cyber insurance would take care of recovery needs after an attack. However, 69% of consumers do not have cyber insurance to protect their digital assets. Why? People either have a lack of knowledge about cyber coverage (46%) or didn't know it was available to them (43%). And while nearly one in four (26%) have turned down the coverage because they think it's too costly, the truth is - cyber protection is quite affordable.
"Consumers can protect their digital identity each month for a lot less than they think," says Riczko. "Nationwide customers can add identity theft coverage with cyber protection features to their policy for about $4 a month. This monitors their personal data amid growing risks and cybercrimes."
Many Americans admit they're not ready to deal with the effects of a cyberattack. Only 31% of consumers feel prepared to deal with the aftermath of a cyberattack, and 68% haven't given much thought to what they'd do if they were attacked. Of those who have already fallen prey to hackers, more than half (53%) admitted they didn't know what to do or where to start with recovery.
Additionally, 6 in 10 say the cyberattack they experienced impacted their finances.
"According to the Triple I, for those without cyber protection, recovery from a cyber issue can take anywhere from weeks to years and cost thousands of dollars," said Riczko. "With insurance, that timeline and cost shrink dramatically."
Insurance agents can be a great resource to helping consumers protect their digital footprint, especially their identity. They can also provide details about Nationwide's ID Theft endorsement, available for auto, homeowners, renters and condo customers. It includes many cybersecurity protection features, including Anti-Ransomware, DataScramble®, and Phishblock®, personal cyber protection advice and guidance, data recovery and device clean-up assistance, and home internet security restoration.
"Consumers should work with their agent to identify vulnerabilities. With this information an agent can provide resources to help shore up weak spots and recommend a product that will help in the event of an attack, like Nationwide's identity theft endorsement with cyber protection features," said Riczko.
To learn more about the identity theft endorsement Nationwide offers, visit https://www.nationwide.com/personal/insurance/identity-theft?utm_source=prn.
Nationwide commissioned Edelman Data & Intelligence to conduct a 20-minute quantitative online survey among a sample of 1,000 adult U.S. general consumers between July 27 and August 9, 2022. As a member in good standing with The Insights Association as well as ESOMAR Edelman Data and Intelligence conducts all research in accordance with local, national and international laws as well as in line with all Market Research Standards and Guidelines.
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States. Nationwide is rated A+ by both A.M. Best and Standard & Poor's. An industry leader in driving customer-focused innovation, Nationwide provides a full range of insurance and financial services products including auto, business, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com. Follow us on Facebook and Twitter.
Nationwide, Nationwide is on your side and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2022
Contact:
Lyndsey Kleven
(614) 507-0485
Klevel1@nationwide.com
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SOURCE Nationwide | https://www.kxii.com/prnewswire/2022/09/15/despite-rising-concern-americans-leave-themselves-vulnerable-cyberattacks/ | 2022-09-15T13:24:41Z |
- The Manheim Used Vehicle Value Index is down 1.3% month over month in June. Cox Automotive now anticipates a year-over-year decline of 6% in December rather than 3%, reflecting more normal market patterns through the remainder of the year.
- Used-vehicle inventory has returned to normal, demand remains strong, and values are declining in a way that indicates normal depreciation has returned and allows for the possibility of more buyers entering the market.
- New-vehicle sales remain muted – with no clear solution in sight – as tight supply continues to hold back the market.
ATLANTA, July 8, 2022 /PRNewswire/ -- Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.3% in June from May. This brought the Manheim Used Vehicle Value Index to 219.9, up 9.7% from a year ago. The non-adjusted price change in June decreased 1.8% compared to May. The drop in June left the unadjusted average price up 10.7% year over year, significantly below the increase recorded in March when year-over-year growth stood at 23.3%.
"It's refreshing to report we are seeing some trends returning more toward normalcy in the used market," said Cox Automotive Chief Economist Jonathan Smoke. "Much of the focus year to date has been on how much sales are down compared to last year, but that was an impossible comp. The used retail market has been gaining momentum as the year progressed. The opposite occurred last year. We could see more used vehicles sold in July this year than last. Contrary to some opinions, there is little evidence of consumers pulling back, either when it comes to the retail vehicle market or more broadly reducing spending in total. If the consumer pulls back, we will see a recession, as the U.S. economy is consumer driven. But I'm not seeing evidence of us going into or already being in a broad market recession. The jobs market is solid, and consumer demand is there as a result."
Manheim Market Report (MMR) values saw larger declines over the last two weeks than in the prior two weeks. MMR is a valuation tool that tens of thousands of consignors and dealers use to assess millions of trade-ins each month. It is designed to be highly stable and avoid overreacting to short-term market ups and downs to provide an accurate measure of vehicle valuations regardless of market conditions.
Over the last four weeks, the Three-Year-Old Index decreased a net 2.5%. Over the month of June, daily MMR Retention, which is the average difference in price relative to current MMR, averaged 98.4%, meaning market prices were slightly behind MMR values. The average daily sales conversion rate declined to 51.7%, which was a typical seasonal pattern but was at a level below normal for the time of year. For example, the sales conversion rate averaged 57% in June 2019. The lower conversion rate indicates that the month saw buyers with more bargaining power for this time of year.
All major market segments again saw seasonally adjusted prices that were higher year over year in June, except for pickups showing a 2.5% decline. Vans had the largest increase at 23.1%, with compact and sports cars maintaining seasonally adjusted year-over-year gains ahead of the overall industry. Compared to May, all major segments' performance was down. Pickups and midsize cars lost more than 2%, followed by luxury cars and vans at 1.8% and 1.6%, respectively.
"The market for used isn't getting worse; we're just in a slightly lower gear right now," said Chris Frey, senior manager of economic and industry insights, Cox Automotive. "And with used-vehicle values moderating and following a more normal pattern, that may even become a tailwind. New-vehicle inventory remains challenged, and that will help support demand for used vehicles."
Leveraging a same-store set of dealerships selected to represent the country from Dealertrack, we estimate that used retail sales increased 5% in June from May. However, the Dealertrack estimates indicate that used retail sales were down 13% year over year. Compared to 2019, sales were down 11%, which was the best comp against 2019 so far this year.
Used-vehicle supply started the year in a much better place. Dealers built inventory in January and February that then peaked and has been coming down since. But with improving sales, retail days' supply quickly normalized, leaving used-vehicle supply stable in June and off the lows seen last year but still very close to the supply level in 2019.
Using estimates of used retail days' supply based on vAuto data, June ended at 48 days of supply, which was unchanged from 48 days at the end of May but higher than how June ended in 2021 at 39 days. Leveraging Manheim sales and inventory data, wholesale supply is estimated to have ended June at 25 days, slightly higher than how May ended at 24 days and higher than how June 2021 ended at 20 days.
June's total new-light-vehicle sales were down 13.5% year over year, with one less selling day than June 2021. By volume, June new-vehicle sales were up 1.7% from May. The June SAAR came in at 13.0 million, a 16% decline from last year's 15.5 million but up 2.3% from May's 12.7 million pace.
Combined sales into large rental, commercial, and government fleets were up over 8% year over year in June. Sales into rental were down 10% year over year, while sales into commercial fleets were up 23% and sales into government fleets were up 24%. Including an estimate for fleet deliveries into dealer and manufacturer channels, the remaining retail sales were estimated to be down 15.3%, leading to an estimated retail seasonally adjusted annual rate (SAAR) of 11.1 million, up 0.2 million from last month, or 1.6%, and down 8.5% from last June's 12.1 million pace. Due to weakness in retail, fleet share rose in June to 14.5%, up from last June's 12.7% and last month's 13.9%.
The average price for rental risk units sold at auction in June was up 30% year over year. Rental risk prices were up 0.9% compared to May. Average mileage for rental risk units in June (at 58,700 miles) was down 32% compared to a year ago and down 7.6% from May.
The full-year Manheim Used Vehicle Value Index forecast is being lowered to finish the year at 221.4, a 6% year-over-year decline. This change from the previous forecast of a 3% decline is being made in recognition of the current Index level — slightly lower than anticipated at the halfway point, after a muted spring selling season — as opposed to a major change in expectations for the back half of the year.
To download additional commentary and data on the Manheim Used Vehicle Value Index from Cox Automotive, visit the Cox Automotive Newsroom.
Manheim® is the nation's leading provider of end-to-end wholesale vehicle solutions that help dealer and commercial clients increase profits and efficiencies in their used vehicle operations. Through its physical, mobile and digital sales network, Manheim offers services for decisioning, buying and selling, floor planning, logistics, assurance and reconditioning. Operating the largest vehicle wholesale marketplace, Manheim provides clients with choices to connect and transact business how and when they want. With nearly 8 million used vehicles offered annually, Manheim team members help the company facilitate transactions representing nearly $80 billion in value. Headquartered in Atlanta, Manheim North America is a Cox Automotive™ brand. For more information, visit http://press.manheim.com.
Cox Automotive Inc. makes buying, selling, owning, and using vehicles easier for everyone. The global company's more than 27,000 team members and family of brands, including Autotrader®, Dealer.com®, Dealertrack®, Kelley Blue Book®, Manheim®, NextGear Capital®, VinSolutions®, vAuto®, and Xtime®, are passionate about helping millions of car shoppers, 40,000 auto dealer clients across five continents, and many others throughout the automotive industry thrive for generations to come. Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately owned, Atlanta-based company with annual revenues of nearly $20 billion. www.coxautoinc.com
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SOURCE Cox Automotive | https://www.kxii.com/prnewswire/2022/07/08/latest-manheim-used-vehicle-data-shows-signs-market-normalcy-after-unprecedented-run-2020-2021/ | 2022-07-08T17:17:28Z |
SOUTHFIELD, Mich., July 28, 2022 /PRNewswire/ -- BluE Nexus Corporation, AISIN Corporation, and DENSO Corporation today announced that they have jointly developed a new 1-motor hybrid transmission. This product is used for Toyota's new Crown CROSSOVER RS, which will be released around the fall of this year.
The 1-motor hybrid transmission developed by the three companies integrates the newly designed Direct Shift-6AT with a driving motor and an inverter. It is characterized by high acceleration performance and contributes to increasing fuel efficiency. In combination with the eAxle mounted at the rear of the vehicle, the 1-motor hybrid transmission achieves driving performance suitable for the premium vehicle by taking full advantage of the 2.4 L turbo engine, contributing to enhancing the attractiveness of Toyota's new Crown.
Key points of the development of this product
- Realization of direct response during driving and a high-quality driving feel
The quick response to start the vehicle moving forward has been attained by using a newly developed highly heat-resistant starting clutch and achieving advanced control. The high-torque assist effect is demonstrated due to a newly designed driving motor combined with the Direct Shift-6AT, realizing direct response and torqueful driving.
The clutches for starting the vehicle moving forward and disengaging the engine are subject to coordinated control so that the engine can be started and stopped smoothly and quietly when starting the vehicle moving forward and in all situations during driving.
The product achieves both direct response and smoothness and contributes to realizing the high-quality ride suitable for the premium vehicle by combining the latest technologies with world-class automatic transmission gear shift technology, which has been refined over many years.
- Improvement of vehicle mountability through downsizing technology and the electromechanical integration structure
The driving motor has been significantly downsized by reducing the stator shaft length, which has been achieved by newly developed production technologies, including the coil expansion assembly, as well as by cooling of the coil and optimization of the magnet layout. The large-diameter flat motor has enabled the placement of two clutches inside the motor rotor, making it possible to curb the increase in the overall length of the product. The vehicle mountability has also been improved by using the electromechanical integration structure, in which an inverter is mounted right above the transmission.
BluE Nexus, AISIN, and DENSO will continue to develop compact, highly efficient, and low-cost products by mobilizing their strengths and know-how. The three companies will also contribute to the realization of a carbon neutral society by installing their products in electric vehicles of every description through BluE Nexus.
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SOURCE DENSO | https://www.wibw.com/prnewswire/2022/07/28/newly-developed-1-motor-hybrid-transmission-used-toyotas-new-crown/ | 2022-07-28T19:08:04Z |
Students of color push back on calls for police in schools
(AP) -- After the mass shooting at a Texas elementary school, schools around the country pledged to boost security measures and increased the presence of law enforcement on campus — partly to reassure parents and students.
But police inside schools can make some students more uneasy, not less. Especially for Black students and other students of color, their personal experiences with policing can leave them feeling unsafe and alienated from school when they see officers on campus.
High school senior Malika Mobley has seen three different school resource officers patrolling the campus in Raleigh, North Carolina. Once on the way home from school, Mobley saw officers detain a visibly distraught classmate and push the student into the back of a police vehicle.
“They were crying, ‘Why are you doing this to me? I didn’t do anything,’” said Mobley, co-president of Wake County Black Student Coalition. “I was just forced to stand there and couldn’t do anything.”
Since 2020, the student group has advocated for eliminating police officers from school buildings in favor of investing in counselors and support staff for students.
“We don’t see police presence as part of the solution,” Mobley said. “If you really think about why police don’t make us safer, you can draw connections to all types of tragedies that impact the most marginalized among us.”
Police officers have a regular presence at schools across the country in recent decades, often in the form of school resource officers, who are tasked with building relationships with young people to promote trust of law enforcement, providing security, and enforcing laws. Critics say having armed police on campus often results in Black students being disproportionately arrested and punished, leading to what they call the school-to-prison pipeline.
Researchers have found that Black students report feeling less safe around police officers than their white peers and that officers in predominantly Black school districts were more likely to view students themselves to be threats.
Black students and other students of color also are disproportionately likely to have negative interactions with police in schools, ranging from referrals to law enforcement to being arrested or restrained, said Katherine Dunn, director of the Opportunity to Learn program at the Advancement Project. Since 2007, the Advancement Project has documented at least 200 instances of officers at schools assaulting students, she said.
“It shows all the physical harms that young people experience by police,” she said. “It’s also the experience of being degraded and made to feel like a criminal because you have to walk down the hallway to your class with several armed cops, who are not there for your safety, who you see arrest your friends, assault your friends.”
In 2018, after the mass shooting at Marjory Stoneman Douglas High School in Parkland, Florida, the state Legislature passed laws mandating public schools to have either law enforcement or armed personnel present on campuses.
A study of the law’s impact by F. Chris Curran, a University of Florida professor, found the expanded police presence was followed by an increase in school arrests and the number of reported behavioral incidents. He said there are many factors to consider in deciding the role police play in schools.
“I’d like to see that conversation include thoughtful considerations of potential benefits, decreasing certain kinds of behaviors, but also the potential unintended consequences, if that’s increasing the likelihood students are arrested or potentially increasing racial disparities in discipline and arrest rates,” Curran said.
While there are examples of school resource officers who have intervened in incidents of gun violence, Curran said, the presence of law enforcement does not always guarantee that shootings or other violence won’t occur, or that the officer would be immediately effective at stopping the perpetrator and minimizing casualties.
In a statement issued this week on best practices for school security in the wake of the Uvalde, Texas, shooting, the National Association of School Resource Officers emphasized the importance of having “a carefully selected, specifically trained SRO on its campus whenever school is in session.”
The nonprofit group has rejected criticism that officers contribute to a school-to-prison pipeline. Officers who follow its best practices, it says, do not arrest students for disciplinary issues that would be handled ordinarily by educators.
As elsewhere around the country last week, the police presence was increased outside schools across North Carolina to provide reassurance to families in the wake of the Uvalde, Texas shooting.
Wake County schools have 75 school resource officers, drawn from several local law enforcement agencies.
The Wake County Black Student Coalition’s campaign to remove the officers stemmed partly from student accounts of bad experiences with officers, including a 2017 incident where a school resource officer was filmed picking up a Black girl and slamming her to the ground, said Chalina Morgan-Lopez, a high school senior who is co-president of the student group.
“I think it’s a reasonable response to want more officers in schools, especially from people who genuinely do feel protected by law enforcement, even though that’s not my lived experience,” Morgan-Lopez said. “But I think people need to take into account ... that officers do in fact do more harm than they do good.”
Last summer the school system made several changes to its school resource officer program, including a new process for fielding grievances involving officers and adjustments to training to prepare them better for the school environment, said Lisa Luten, a spokesperson for the school system. The review was based on community feedback the district sought in the wake of the killing of George Floyd and the resurgence of the Black Lives Matter movement, Luten said.
“This is not a new conversation for us,” she said. “That certainly brought it back to light.”
___
Ma, based in Charlotte, North Carolina, writes about education and equity for AP’s Race and Ethnicity team. Follow her on Twitter: https://www.twitter.com/anniema15
___
The Associated Press’ reporting around issues of race and ethnicity is supported in part by the Howard Hughes Medical Institute’s Department of Science Education. The AP is solely responsible for all content.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/06/05/students-color-push-back-calls-police-schools/ | 2022-06-05T19:46:29Z |
NEW YORK, July 28, 2022 /PRNewswire/ -- Juan Monteverde, founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securities firm rated Top 50 in the 2018-2021 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating MICT, Inc. (MICT), relating to its proposed merger with Tingo, Inc. Under the terms of the agreement, current MICT shareholders will own approximately 22.5% of the combined company. Click here for more information: https://www.monteverdelaw.com/case/mict-inc. It is free and there is no cost or obligation to you.
We are a national class action securities litigation law firm that has recovered millions of dollars and is committed to protecting shareholders from corporate wrongdoing. We were listed in the Top 50 in the 2018-2021 ISS Securities Class Action Services Report. Our lawyers have significant experience litigating Mergers & Acquisitions and Securities Class Actions. Mr. Monteverde is recognized by Super Lawyers as a Rising Star in Securities Litigation in 2013, 2017-2019, an award given to less than 2.5% of attorneys in a particular field. He has also been selected by Martindale-Hubbell as a 2017-2021 Top Rated Lawyer. Our firm's recent successes include changing the law in a significant victory that lowered the standard of liability under Section 14(e) of the Exchange Act in the Ninth Circuit. Thereafter, our firm successfully preserved this victory by obtaining dismissal of a writ of certiorari as improvidently granted at the United States Supreme Court. Emulex Corp. v. Varjabedian, 139 S. Ct. 1407 (2019). Also, in 2019 we recovered or secured six cash common funds for shareholders in mergers & acquisitions class action cases.
If you own common stock in MICT and wish to obtain additional information and protect your investments free of charge, please visit our website or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.
Contact:
Juan E. Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4405
New York, NY 10118
United States of America
jmonteverde@monteverdelaw.com
Tel: (212) 971-1341
Attorney Advertising. (C) 2022 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.
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SOURCE Monteverde & Associates PC | https://www.kxii.com/prnewswire/2022/07/29/shareholder-alert-mampa-class-action-firm-announces-investigation-mict-inc-mict/ | 2022-07-29T02:41:03Z |
Demeritte, Fried lead Braves to needed win, 3-1 over Cubs
By PAUL NEWBERRY
AP Sports Writer
ATLANTA (AP) — Travis Demeritte hit his first big league homer in nearly three years and made a sliding catch to back another strong outing by Max Fried. That gave the Atlanta Braves a much-needed 3-1 victory over the Chicago Cubs. The reigning World Series champions won for only the third time in their last eight games. The Cubs have now lost six of seven. Fried pitched four-hit ball over six innings. His only big mistake was a changeup that Ian Happ took deep leading off the third. Demeritte broke up a 1-1 tie in the fifth with a homer into the Chop House restaurant off Marcus Stroman. | https://localnews8.com/sports/ap-national-sports/2022/04/26/demeritte-fried-lead-braves-to-needed-win-3-1-over-cubs/ | 2022-04-27T05:40:12Z |
JACKSON, Miss., Aug. 11, 2022 /PRNewswire/ -- Magnolia Health Plan (Magnolia) announced today it has been selected by the Mississippi Division of Medicaid (DOM) to continue serving the state's Coordinated Care Organization Program, which will consist of the Mississippi Coordinated Access Network (MSCAN) and the Mississippi Children's Health Insurance Program (CHIP). The new contract term is four years and includes the option for two, one-year renewals.
"The Mississippi Division of Medicaid has established a clear path for the health of our state, centered on a vision for health equity and a value-based healthcare system for Mississippi," said Aaron Sisk, Plan President and CEO for Magnolia. "We look forward to the next chapter in our partnership with the state, healthcare providers, and community organizations during this pivotal moment in healthcare transformation."
Nearly 1 in 4 Mississippians' healthcare is covered through the state's Medicaid managed care program, which provides access to physical health, behavioral health, pharmacy, hospital, and other services.
With this renewed contract, Magnolia will offer several new benefits and services for its enrollees. These include community-based services for maternity care, respite and housing assistance for members experiencing homelessness, and expanded resources to address social determinants of health. Additionally, Magnolia will expand its quality-based advanced payment models and support for healthcare providers. These programs will take effect as of the new contract period, expected to begin in July 2023.
Since first serving members in 2011, Magnolia has grown to serve more than 150,000 Medicaid enrollees and 30,850 healthcare providers statewide. As the health plan moves forward in the new contract period, its focus will remain the same: partnering with healthcare professionals and community organizations to ensure that members receive the highest quality of coordinated, integrated and whole-person care.
"Our provider and community partners play a valuable role in our mission to transform health in our state, one person at a time. We appreciate their continued support and are excited about the opportunity to continue to work together to build a healthier Mississippi," said Sisk.
About Magnolia Health
Magnolia Health is a long-term solution to help the state of Mississippi enhance care for Medicaid recipients, while most effectively managing taxpayer dollars. A physician-driven, Mississippi-based Coordinated Care Organization (CCO), Magnolia is backed by its parent company, Centene Corporation (Centene). Centene has more than 30 years of experience in Medicaid and other government-funded programs such as Supplemental Security Income (SSI) and long-term care. For more information about Magnolia, visit www.magnoliahealthplan.com.
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SOURCE Magnolia Health | https://www.mysuncoast.com/prnewswire/2022/08/11/magnolia-health-plan-selected-continue-statewide-medicaid-services/ | 2022-08-11T12:53:47Z |
Kim Kardashian asks for temporary prison release of Uvalde victim’s father for funeral
(Gray News) – Kim Kardashian is joining the fight in asking for the temporary prison release of a Uvalde shooting victim’s father so that he can attend her funeral.
Eliahna “Ellie” Cruz Torres, who was 10, was one of the 19 children killed in the mass shooting at Robb Elementary School last week. Her father, Eli Torres, is currently an inmate at the McCreary United States Penitentiary, WYMT reports.
Along with politicians and other members of the public, Kardashian is asking for Torres’ temporary release so that he can attend his daughter’s funeral.
“Her family are desperately hoping that her father, who is incarcerated for a nonviolent drug offense, be granted temporary release so that he can attend her funeral. So far their requests have been denied,” Kardashian wrote in a Facebook post. “I ask the Federal Bureau of Prisons to grant Eli Torres temporary release so that he can say his last goodbye to his baby girl. Every parent deserves that right.”
Over the past few years, Kardashian has become known for her work in pushing for prison reform, often calling for the release of inmates who are imprisoned for drug offenses.
According to Kentucky State Rep. Attica Scott, the request for a compassionate release for Torres was initially denied. Scott said she has now sent a letter to President Joe Biden and Gov. Andy Beshear to ask for help with the situation.
Torres was convicted of drug trafficking and conspiracy in Del Rio, Texas. He is scheduled for release in February 2033.
Scott said Torres and his daughter were only one week away from seeing each other in person before she was killed.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/06/02/kim-kardashian-asks-temporary-prison-release-uvalde-victims-father-funeral/ | 2022-06-02T20:55:49Z |
Man charged with killing woman he just met, placing her head on a stick, authorities say
MITCHELL, Iowa (KCRG/Gray News) – A man in Iowa is facing charges in connection to the disappearance and death of a woman he had just met, police say.
According to authorities, Nathan Gilmore, 22, recently told police he met up with Angela Bradbury on April 6, 2021, the last day she was seen alive.
He claimed he dropped her off in Mason City, but police said his story changed upon further questioning.
Bradbury’s family reported her as a missing person on Feb. 2, 2022, and said they had not had contact with her since April of 2021.
Her family gave DNA samples and dental records for Bradbury to law enforcement as part of the investigation.
Authorities said a teenager found a human skull, placed on a stick at the Greenbelt River Trail Park, on July 12, 2021.
Examiners confirmed the skull found belonged to Bradbury. Investigators found more of her remains at the park in April 2022.
Police said GPS tracking and other evidence showed Gilmore was at the park the day the skull was found.
They also found a whiteboard in Gilmore’s living room with GPS coordinates of where Bradbury’s skull was found.
He was charged with first-degree murder.
Copyright 2022 KCRG via Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/08/23/man-charged-with-killing-woman-he-just-met-placing-her-head-stick-authorities-say/ | 2022-08-23T12:02:31Z |
OMAHA, Neb. (AP) — A child likely died from a rare infection caused by a brain-eating amoeba after swimming in an eastern Nebraska river, health officials said, making it the second such probable death in the Midwest this summer and raising the question of whether climate change is playing a role.
The Douglas County Department of Health based in Omaha, Nebraska, reported Wednesday that doctors believe the child died of primary amebic meningoencephalitis, a usually fatal infection caused by the naegleria fowleri amoeba. Health officials believe the child came into contact with the amoeba on Sunday while swimming in the Elkhorn River just west of Omaha.
Officials have not released the child’s identity.
Last month, a Missouri resident died of the same infection likely caused by the amoeba at Lake of Three Fires in southwestern Iowa. Iowa officials closed the lake’s beach as a precaution for nearly three weeks.
People are usually infected when water containing the amoeba enters the body through the nose while swimming or diving into lakes and rivers. Other sources have been documented, including tainted tap water in a Houston-area city in 2020. Symptoms include fever, headache, nausea or vomiting, progressing to a stiff neck, loss of balance, hallucinations and seizures.
The Centers for Disease Control and Prevention says naegleria fowleri infections are rare — there are about three cases in the United States every year — but that those infections are overwhelmingly fatal.
There were 154 cases reported between 1962 and 2021 in the U.S., with only four survivors, according to the CDC. Of those, 71 cases were reported between 2000 and 2021. Texas and Florida recorded the most infections with 39 and 37 cases respectively, and the amoeba is typically found in southern states because it thrives in waters that are warmer than 86 degrees Fahrenheit (30 Celsius).
But infections have migrated north in recent years, including two cases in Minnesota since 2010, Douglas County Health Director Dr. Lindsey Huse noted during a news conference Thursday.
“Our regions are becoming warmer,” she said. “As things warm up, the water warms up and water levels drop because of drought, you see that this organism is a lot happier and more typically grows in those situations.”
According to the National Water Information System, the surface water temperature near where the child was swimming was between 86 and 92 degrees.
Jacob Lorenzo-Morales, a researcher at the Universidad de La Laguna in the Canary Islands who has studied naegleria fowleri, said Thursday that an increase in infections since 2000 can be blamed on two factors: better knowledge and diagnosis of the disease, and the rising temperature in bodies of water providing “a perfect environment” for the amoeba to thrive.
Researcher Sutherland Maciver, who has studied the amoeba at the Centre for Discovery Brain Sciences at Edinburgh Medical School in Scotland, says not all infections are reported and that the 430 cases that have ever been reported worldwide are almost certainly an undercount. And, he said, scientists cannot say with certainty that the Nebraska case is directly attributable to climate change.
The two researchers co-authored a paper titled “Is Naegleria fowleri an Emerging Parasite?” that examined factors behind the increase in reported cases.
Health officials recommend that freshwater swimmers plug their noses, avoid putting their heads underwater and avoid activities such as water skiing and tubing, which could force water into the nose, eyes or mouth. You cannot be infected by drinking contaminated water. | https://cw33.com/news/u-s-news/ap-us-headlines/brain-eating-amoeba-suspected-in-2nd-midwest-death/ | 2022-08-19T15:05:56Z |
HOUSTON, Sept. 1, 2022 /PRNewswire/ -- Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) ("Adams" or the "Company") today announces that its subsidiary, Service Transport Company ("Service Transport"), has opened its 20th terminal which is located in the Pittsburgh, PA area. This new facility will offer Service Transport's clients additional resources in the Northeast area of the U.S., providing additional opportunities for revenue and profitability growth, while serving as a base of operations for recruiting in the immediate area. Over the last four years, Service Transport has grown from six terminals in three states along the Gulf Coast to twenty facilities in eleven states on the eastern half of the U.S. This new facility will be located at the Express Container Services facility at 3505 Grand Ave, Pittsburgh, PA 15225.
Wade Harrison, President of Service Transport, commented, "We are very excited about the opportunities that this market presents for our driver force and our company."
"I am pleased to see the Service Transport team continue to execute on the strategic plans surrounding our transportation business," said Kevin Roycraft, Adams' Chief Executive Officer and President.
About Adams Resources & Energy, Inc.
Adams Resources & Energy, Inc. is engaged in crude oil marketing, transportation, terminalling and storage, tank truck transportation of liquid chemicals and dry bulk and recycling and repurposing of off-spec fuels, lubricants, crude oil and other chemicals through its subsidiaries, GulfMark Energy, Inc., Service Transport Company, Victoria Express Pipeline, L.L.C., GulfMark Terminals, LLC, Phoenix Oil, Inc., and Firebird Bulk Carriers, Inc. For more information, visit www.adamsresources.com.
Cautionary Statement Regarding Forward-Looking Statements
This news release contains forward-looking statements. Forward-looking statements relate to future events and anticipated results of operations, business strategies, and other aspects of our operations or operating results. In many cases you can identify forward-looking statements by terminology such as "anticipate," "intend," "plan," "project," "estimate," "continue," "potential," "should," "could," "may," "will," "objective," "guidance," "outlook," "effort," "expect," "believe," "predict," "budget," "projection," "goal," "forecast," "target" or similar words. Statements may be forward looking even in the absence of these particular words. Where, in any forward-looking statement, the Company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, and any other risk factors included in Adams' reports filed with the Securities and Exchange Commission. However, there can be no assurance that such expectation or belief will result or be achieved. Unless legally required, Adams undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Company Contact
Tracy E. Ohmart
EVP, Chief Financial Officer
(713) 881-3609
Investor Relations Contact
Gary Guyton or Steven Hooser
Three Part Advisors
(214) 442-0016
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SOURCE Adams Resources & Energy, Inc. | https://www.wibw.com/prnewswire/2022/09/01/adams-resources-amp-energy-inc-announces-opening-new-service-transport-terminal-location/ | 2022-09-01T21:18:36Z |
BELTON — Services for Craig Dinkel, 58, of Temple will be 4 p.m. Tuesday at Harper-Talasek Funeral Home in Belton.
Mr. Dinkel died Tuesday, July 19, at his residence.
He was born Sept. 25, 1963 in Omaha, Neb., to Bill and Bea Dinkel. He graduated from Sindney High School in Nebraska in 1982. He attended Laramie Community College in Laramie, Wyo. He was a Ford automatic mechanic. He also worked for BNSF Railroad and retired in 2022. He married Joann Cheeney on Oct. 14, 1995.
Survivors include three sons, Jonathon Dinkel of North Platte, Neb., Justin Dinkel of Big Springs, Neb., and Dylan Dinkel of Temecula, Calif.; a daughter, Kaylee Dinkel of Corpus Christie; and three grandchildren.
Memorials may be made to the Cancer Research Institute for Head and Neck Cancer. | https://www.tdtnews.com/obituaries/article_a64953e8-106b-11ed-9339-5f9dadf412c8.html | 2022-07-31T02:34:27Z |
Company announces inclusion of Texas terminal with more under review as it strengthens the Platts Brent Complex into the future
NEW YORK, Sept. 6, 2022 /PRNewswire/ -- S&P Global Commodity Insights today announced that Platts will include the NuStar Corpus Christi, Texas North Beach terminal as a loading terminal for WTI Midland crude oil into its Dated Brent and Cash BFOE* Market-on-Close price assessment processes for June 2023 deliveries. The decision marks a major milestone for the inclusion of US WTI Midland in the Brent complex, the first time a crude grade from outside of the North Sea will be reflected in the complex and the Dated Brent benchmark.
The company also said it is currently reviewing six more oil terminals as it prepares for the inclusion of US WTI Midland into the Brent complex first announced on June 8, with decisions expected in the coming months.
"Our inclusion of the NuStar Corpus Christi, Texas North Beach terminal is an important step in evolving the Brent complex and our world-renowned Dated Brent benchmark by bringing on the first U.S.-based terminal," said Joel Hanley, Global Director, Crude & Fuel Oil Markets, S&P Global Commodity Insights. "Meanwhile, progress continues as we are reviewing six more terminals and will be gathering feedback ahead of implementation in June of next year. Interest among U.S. terminals has been very strong, and we can expect more to be reviewed in the coming weeks."
The inclusion of the terminal follows an extensive period of feedback from the market. NuStar Logistics LP wholly owns the terminal, which handles crude oil and petroleum products, including distillates, gasoline, xylene and toluene. The terminal has four docks, including two that can fit up to a Suezmax size vessel and 3.7 million barrels of crude storage capacity, 1.4 million barrels of which is for WTI Midland.
The other six terminals currently under review by Platts include Energy Transfer Houston, Pin Oak Corpus Christi, Flint Hills Ingleside, Seabrook Logistics, Buckeye South Texas Gateway, and Plains Corpus Christi. Details of these reviews can be found in the Subscriber Note page of the S&P Global Commodity Insights website here.
Platts' decision to include WTI Midland into the Brent complex, and explanation of the review process by which loading terminals are included in the assessment process, can be found at this link. More information about the NuStar Corpus Christi, Texas North Beach terminal decision can be found in the subscriber note here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/090622-platts-to-include-nustar-corpus-christi-texas-north-beach-terminal-into-brent-complex-assessment-process-for-june-2023.
S&P Global Commodity Insights will hold an open online workshop for the US markets to discuss WTI Midland's inclusion on Sept. 15, including presentations and time for questions. Details and registration are at this link: S&P Global Commodity Insights North Sea Crude Technical Workshop.
*Brent, Forties, Oseberg and Ekofisk.
Media Contacts:
Global/EMEA: Alex Ortolani + 1 917-618-0709, alex.ortolani@spglobal.com
Asia: Melissa Tan + 65-6597-6241, melissa.tan@spglobal.com
Americas: Kathleen Tanzy + 1 917-331-4607, kathleen.tanzy@spglobal.com
About S&P Global Commodity Insights
At S&P Global Commodity Insights, our complete view of global energy and commodity markets enables our customers to make decisions with conviction and create long-term, sustainable value.
We're a trusted connector that brings together thought leaders, market participants, governments, and regulators and we create solutions that lead to progress. Vital to navigating commodity markets, our coverage includes oil and gas, power, chemicals, metals, agriculture, shipping and energy transition. Platts® products and services, including the most significant benchmark price assessments in the physical commodity markets, are offered through S&P Global Commodity Insights.
S&P Global Commodity Insights is a division of S&P Global (NYSE: SPGI). S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world's leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information visit https://www.spglobal.com/commodityinsights.
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SOURCE S&P Global Commodity Insights | https://www.kxii.com/prnewswire/2022/09/06/sampp-global-commodity-insights-include-first-us-terminal-wti-midland-crude-oil-into-platts-dated-brent/ | 2022-09-06T14:33:44Z |
MIAMI, Aug. 12, 2022 /PRNewswire/ -- Carnival Cruise Line today announced protocol updates that meet public health goals but recognize the evolving nature of COVID-19. With these changes, America's Cruise Line is making it easier for more guests to sail with simplified vaccination and testing guidelines, including no testing for vaccinated guests on sailings less than 16 nights, and eliminating the exemption request process for unvaccinated guests, who will only need to show a negative test result at embarkation. All new guidelines are effective for cruises departing on Tuesday, Sept. 6, 2022 or later, and include:
- Vaccinated guests must continue to provide evidence of their vaccination status prior to embarkation. Pre-cruise testing is no longer required, except for cruises to Canada, Bermuda, Greece and Australia (per local guidelines), and on voyages 16 nights or longer.
- Unvaccinated guests are welcome to sail and are no longer required to apply for a vaccine exemption, except for cruises in Australia or on voyages 16 nights and longer.
- Unvaccinated guests or those who do not provide proof of vaccination must present the results of a negative PCR or antigen test taken within three days of embarkation.
- All policies are subject to local destination regulations.
Note: Guests under the age of five years are exempt from vaccination and testing requirements from the United States and under the age of 12 from Australia.
Voyages 16 nights and longer will continue to have vaccination and testing requirements that are specific to the itinerary. Requirements for long voyages and destination-specific protocols are available on Carnival's Have Fun. Be Safe. page on Carnival.com.
For guests who have a pending vaccine exemption application and are awaiting confirmation for cruises departing Sept. 6 or later, the booking is confirmed unless booked on a sailing that calls on Canada, Bermuda, Australia or if the voyage is 16 nights or longer.
"Our ships have been sailing very full all summer, but there is still room for more of our loyal guests, and these guidelines will make it a simpler process, and make cruising accessible for those who were not able to meet the protocols we were required to follow for much of the past 14 months," said Christine Duffy, president of Carnival Cruise Line. "We've got lots happening, with Carnival Luminosa and Carnival Celebration joining our fleet this November and more to come in 2023. Whatever the ship, homeport or itinerary that works for you, our great onboard team is ready to deliver a fun vacation – something we all look forward to even more nowadays!"
Duffy added that Carnival is in the process of updating its website, communications, and processes, and sharing more details with guests and travel advisor partners to reflect these new, simplified policies. "We appreciate the patience of our guests and travel advisor partners as we update all materials, but the end result is a very positive one for all who are looking forward to cruising with us," she said.
For additional information on Carnival Cruise Line and to book a cruise vacation, call 1-800-CARNIVAL, visit www.carnival.com, or contact your favorite travel advisor or online travel site.
ABOUT CARNIVAL CRUISE LINE
Carnival Cruise Line, part of Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), is proud to be known as America's Cruise Line. Since its founding in 1972, Carnival has continually revolutionized the cruise sector, making a cruise vacation an affordable and popular option for millions of guests. Carnival operates from 14 U.S. homeports and employs more than 40,000 team members representing 120 nationalities. Carnival's newest ship, Mardi Gras, featuring the first roller coaster at sea, is the first cruise ship in the Americas powered by eco-friendly Liquefied Natural Gas (LNG). Carnival returns to Australia in October 2022 and will welcome four additional ships over the next two years, including Carnival Celebration, which arrives to Miami in November to close out Carnival's 50th birthday festivities.
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SOURCE Carnival Cruise Line | https://www.mysuncoast.com/prnewswire/2022/08/12/carnival-cruise-line-removes-pre-cruise-testing-vaccinated-guests-welcomes-all-unvaccinated-sail/ | 2022-08-12T22:17:20Z |
The new name marks the next phase in Tampa General's purchase of Tower Radiology.
TAMPA, Fla., July 12, 2022 /PRNewswire/ -- Tampa General Hospital and Tower Radiology have taken the next step in expanding their footprint by renaming Tower Radiology to TGH Imaging powered by Tower.
In January of this year, Tampa General announced it had fully purchased Tower Radiology, expanding its state-wide outpatient sites to 83 with the addition of Tower's 21 imaging centers throughout Hillsborough, Pasco, Pinellas and Palm Beach counties. Tampa General was previously a 50% partner in Tower before this recent purchase of the remaining 50% ownership interest.
After decades of working closely, it was a natural fit for Tower and Tampa General to come together to combine Tower's 25 years of industry expertise and Tampa General's drive to deliver world-class patient care through innovation to enhance the quality and coordination of outpatient care and achieve the optimal patient experience and outcomes.
Under the leadership of Sherri Lewman, senior vice president of enterprise imaging, TGH Imaging powered by Tower will bring together essential assets that will significantly increase access, maximize efficiency, and enhance quality to benefit patients and physicians in the area.
"This purchase builds on the long history of success and partnership between Tower Radiology and TGH to bring world-class care to Tampa Bay," stated Lewman. "The endeavor will allow TGH to streamline care between the inpatient and outpatient settings, ensuring our patients receive a seamless and high-quality experience across the system of care. Additionally, increasing our footprint by 21 locations means that Tampa General patients can get the care and diagnostics they need closer to home."
Named to the enterprise imaging position in January of this year, Lewman brings more than two decades of experience to her role. She is a Certified Nuclear Medicine Technologist (CNMT) and holds a master's degree in health administration from Florida Atlantic University, Boca Raton.
Future plans call for more investment in innovation and expansion of the outpatient radiology footprint throughout the state while continuing to set the standard in radiology with excellent service and advanced technology.
TGH Imaging powered by Tower, provides advanced radiology services in a comfortable, convenient, outpatient setting at 21 locations throughout Hillsborough, Pasco, Pinellas, and Palm Beach Counties. Accredited in nine radiology modalities by the American College of Radiology, awarded a Breast Imaging Center of Excellence and designated as a Lung Cancer Screening Center. TGH Imaging offers specialized services such as 3D mammography, high field wide-bore MRI, weight-bearing open MRI, extremity open MRI, cardiac MRI, CT low-dose lung screening and PET/CT. Tower's 65 plus board-certified radiologists hold certifications in all 11 radiology subspecialties and participate in the academic missions of research and teaching through serving as faculty for USF College of Medicine, Department of Radiology. For more information, go to www.TGHimaging.com.
Tampa General Hospital, a 1,041-bed, not-for-profit, academic medical center, is one of the largest hospitals in America and delivers world-class care as the region's only center for Level l trauma and comprehensive burn care. Tampa General Hospital is the highest-ranked hospital in the market in U.S. News & World Report's 2021-22 Best Hospitals, and one of the top four hospitals in Florida, with five specialties ranking among the best programs in the United States. Tampa General Hospital has been designated as a model of excellence by the 2022 Fortune/Merative 100 Top Hospitals list. The academic medical center's commitment to growing and developing its team members is recognized by two prestigious 2021 Forbes magazine rankings – America's Best Employers by State, third out of 100 Florida companies and first among health care and social organizations, and 13th nationally in America's Best Employers for Women. Tampa General is the safety net hospital for the region, caring for everyone regardless of their ability to pay, and in fiscal year 2020, provided a net community benefit worth more than $182.5 million in the form of health care for underinsured patients, community education, and financial support to community health organizations in Tampa Bay. It is one of the nation's busiest adult solid organ transplant centers and is the primary teaching hospital for the USF Health Morsani College of Medicine. With six medical helicopters, Tampa General Hospital transports critically injured or ill patients from 23 surrounding counties to receive the advanced care they need. Tampa General houses a nationally accredited comprehensive stroke center, and its 32-bed Neuroscience, Intensive Care Unit is the largest on the West Coast of Florida. It also is home to the Jennifer Leigh Muma 82-bed Level IV neonatal intensive care unit, and a nationally accredited rehabilitation center. Tampa General Hospital's footprint includes 17 Tampa General Medical Group Primary Care offices, TGH Family Care Center Kennedy, TGH Brandon Healthplex, TGH Virtual Health, and 21 TGH Imaging powered by Tower outpatient radiology centers throughout Hillsborough, Pasco, Pinellas and Palm Beach counties. Tampa Bay area residents also receive world-class care from the TGH Urgent Care powered by Fast Track network of clinics, and they can even receive home visits in select areas through TGH Urgent Care at Home, powered by Fast Track. As one of the largest hospitals in the country, Tampa General Hospital is the first in Florida to partner with GE Healthcare and open a clinical command center that uses artificial intelligence and predictive analytics to improve and better coordinate patient care at a lower cost. For more information, go to www.tgh.org.
Media Contact: Karen Barrera
Assistant Director of Communications & Partnerships
(813) 844-8725 (direct)
(813) 928-1603 (cell)
kbarrera@tgh.org
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SOURCE Tampa General Hospital | https://www.wibw.com/prnewswire/2022/07/12/tampa-general-hospital-tower-radiology-create-tgh-imaging-powered-by-tower/ | 2022-07-12T19:42:00Z |
KINGSEY FALLS, QC, July 14, 2022 /PRNewswire/ - Cascades Inc. (TSX: CAS) will release its second quarter 2022 financial results before market open on Thursday, August 4, 2022, and will hold a conference call at 12:00 PM ET to discuss results. The Conference call can be accessed by phone or via the Company's website
Founded in 1964, Cascades offers sustainable, innovative and value-added packaging, hygiene and recovery solutions. The company employs approximately 10,000 women and men across a network close to 80 facilities in North America. Driven by its participative management, half a century of experience in recycling, and continuous research and development efforts, Cascades continues to provide innovative products that customers have come to rely on, while contributing to the well-being of people, communities and the entire planet. Cascades' shares trade on the Toronto Stock Exchange under the ticker symbol CAS.
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SOURCE Cascades Inc. | https://www.kxii.com/prnewswire/2022/07/14/cascades-release-second-quarter-2022-financial-results-august-4-2022/ | 2022-07-14T17:56:19Z |
BLUE BELL, Pa., Aug. 23, 2022 /PRNewswire/ -- The severe flooding in Appalachian Eastern Kentucky has taken a devastating toll on the people, businesses, and properties of the area. To help support the individuals who have been displaced or lost loved ones, The Columbus Organization has donated $5,000 to the Team Eastern Kentucky Flood Relief Fund, a fund established by Governor Beshear following the severe weather that began July 26th.
The Columbus Organization is the nation's largest provider of care coordination services and a leading case management agency in Kentucky for individuals living with intellectual/developmental disabilities (IDD), acquired brain injury, and complex health concerns. The company has a long history providing care coordination services, and in Kentucky continues to be an integral part of the fabric of the communities where they work and live.
Johnny Callebs, Executive State Director for Kentucky commented, "As someone born and raised in Eastern Kentucky, it is heartbreaking to see what so many are going through. Columbus and other generous donors provide hope for recovery, but the current trauma is just overwhelming. I am proud to work for an organization that immediately, and without hesitation, saw the role they could play in supporting the people of our state. Eastern Kentuckians have a strong fighting spirit and will bounce back. I'm grateful that Columbus will be a part of that."
Grief counseling is being made available for any Columbus staff who are struggling with issues related to the disaster.
For 38+ years, The Columbus Organization has been a national leader and pioneer in care coordination specifically for individuals living with intellectual/developmental disabilities, behavioral concerns, or complex care needs. Having served over 100,000 families, the company continues to be at the forefront of innovation, developing and implementing revolutionary outcomes-based models for early identification and holistic management of health risks among individuals with intellectual, developmental, behavioral, medical, and/or complex care needs. In addition to its team of almost 500 highly-experienced care coordinators, dedicated Quality Assurance division, and unparalleled national infrastructure,Columbus is also a recognized leader in clinical staffing and quality improvement services for organizations that serve the behavioral health community. The company delivers an unmatched depth of expertise, breadth of resources, diversity of thinking, and dedication to ensuring everyone can achieve their meaningful-life goals through transformative approaches to healthcare. For more, visit www.ColumbusOrg.com, follow @TheColumbusOrg on Twitter, like The Columbus Organization on Facebook, or follow The Columbus Organization on LinkedIn.
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SOURCE The Columbus Organization | https://www.wibw.com/prnewswire/2022/08/23/columbus-organization-supports-kentucky-flood-relief/ | 2022-08-23T15:09:46Z |
WATCH: Flash mob looters ransack convenience store, block off street
Published: Aug. 21, 2022 at 12:09 PM CDT|Updated: 19 minutes ago
LOS ANGELES, Calif. (CNN) – The Los Angeles Police Department is investigating the flash mob robbery of a convenience store.
The incident started Monday night with a street takeover where vehicles blocked an intersection on L.A.’s south side. Some drivers were able to cut donuts in the blocked off street, leaving skid marks on the pavement.
The mob then rushed to a nearby 7-11 store and looted it, stealing lottery tickets and everything of value.
Before police could respond, the street was unblocked and the looters fled the scene.
If anyone recognizes any faces in the video, police ask them to call Crimestoppers at 800-222-TIPS.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.kxii.com/2022/08/21/watch-flash-mob-looters-ransack-convenience-store-block-off-street/ | 2022-08-21T17:30:03Z |
ROCKVILLE, Md., Aug. 23, 2022 /PRNewswire/ -- REGENXBIO Inc. (Nasdaq: RGNX) today announced presentations at the Society for the Study of Inborn Errors of Metabolism Annual Symposium, taking place from August 30 through September 2, 2022, in Freiburg, Germany. The presentations will highlight new data from the Phase I/II/III CAMPSIITE™ trial of RGX-121, an investigational one-time AAV Therapeutic for the treatment of Mucopolysaccharidosis Type II (MPS II), also known as Hunter Syndrome, and an encore data presentation for RGX-111, an investigational one-time AAV Therapeutic for the treatment of severe Mucopolysaccharidosis Type I (MPS I), or Hurler syndrome.
Presentations include:
Title: RGX-121 gene therapy for the treatment of severe mucopolysaccharidosis type II (MPS II): Interim analysis of data from a Phase 1/2 study
Presenter: Roberto Giugliani, M.D., Ph.D., Professor, Department of Genetics, UFRGS, Medical Genetics Service, HCPA, Porto Alegre, Brazil
Date/Time: Wednesday, August 31, 2022, 10:00 – 10:15 a.m. CEDT
Title: RGX-111 gene therapy for the treatment of severe mucopolysaccharidosis type I (MPS I): Interim analysis of data from the first in human study
Presenter: Raymond Wang, M.D., Division of Metabolic Disorders, CHOC Children's Hospital, Department of Pediatrics, University of California, Irvine, CA
Date/Time: Thursday, September 1, 2022, 11:30 – 11:45 a.m. CEDT
Title: Natural History of Neurodevelopment in Neuronopathic Mucopolysaccharidosis Type II (MPS II): Mullen Scales of Early Learning (MSEL) Cognitive, Motor, and Language Developmental Trajectories
Presenter: Maria Escolar, M.D., M.S., Professor of Pediatrics, Director, Program for the Study of Neurodevelopment in Rare Disorders, UPMC Children's Hospital of Pittsburgh
Date/Time: Wednesday, August 31, 2022, 6:45 – 8:15 p.m. CEDT
About REGENXBIO Inc.
REGENXBIO is a leading clinical-stage biotechnology company seeking to improve lives through the curative potential of gene therapy. REGENXBIO's NAV Technology Platform, a proprietary adeno-associated virus (AAV) gene delivery platform, consists of exclusive rights to more than 100 novel AAV vectors, including AAV7, AAV8, AAV9 and AAVrh10. REGENXBIO and its third-party NAV Technology Platform Licensees are applying the NAV Technology Platform in the development of a broad pipeline of candidates, including late-stage and commercial programs, in multiple therapeutic areas. REGENXBIO is committed to a "5x'25" strategy to progress five AAV Therapeutics from our internal pipeline and licensed programs into pivotal-stage or commercial products by 2025.
Contacts:
Dana Cormack
Corporate Communications
dcormack@regenxbio.com
Investors:
Chris Brinzey
ICR Westwicke
339-970-2843
chris.brinzey@westwicke.com
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SOURCE REGENXBIO Inc. | https://www.kxii.com/prnewswire/2022/08/23/regenxbio-announces-presentations-society-study-inborn-errors-metabolism-annual-symposium/ | 2022-08-23T12:14:57Z |
LOS ANGELES , June 10, 2022 /PRNewswire/ -- Health-Ade, the creators of feel-good, bubbly beverages with gut-health benefits, is celebrating its 10th birthday with the limited release of a special new addition to its seasonal kombucha lineup, Guava Dragon Fruit.
Flavored with organic, cold pressed juice from sweet guava and tart dragon fruit, Health-Ade's newest seasonal beverage is sure to make mouths water. Guava Dragon Fruit, available nationwide from June to September, is Health-Ade's third seasonal flavor in their rotating lineup. The brand is also known for their famous Holiday Cheers kombucha, a winter season staple with notes of ginger, all spice, vanilla, cacao, cinnamon, clove and nutmeg which hits shelves each October. In February, they also launched Pineapple Creamsicle to help inspire a bit of early summer and nostalgia.
With humble beginnings at the Brentwood Farmers Market ten years ago, Health-Ade has grown into a top-selling functional beverage brand available in over 50,000 stores nationwide and with over $200M in annual retail sales. Health-Ade continues to lead category growth and is the fastest growing kombucha brand, ten years in. Earlier this month, Health-Ade launched their biggest ever campaign, Get That Good Gut Feeling, which is currently running nationwide, in partnership with Emmy-award winning illustrator and animator Mike Perry and full-service agency Zambezi. Through easily digestible education, robust storytelling, and bold animations, the campaign celebrates the improved physical and mental well-being the probiotics and fermented goodness in Health-Ade Kombucha promote.
"After ten years in business, we wanted to do something special to celebrate how far we've come," says Daina Trout, co-founder and Chief Mission Officer of Health-Ade. "I was inspired by a recent trip to the Costa Rican rainforests where I fell in love with the delicious combination of guava and dragon fruit. When it came time to create this celebratory flavor, we leaned into our consumer insights to make a flavor that our biggest fans would love, and I was delighted to learn that these tropical flavors are in high demand! As it turns out, cold pressed, organic guava and dragon fruit juices are the perfect complement to our tangy-sweet kombucha, and our new flavor was born. As we continue to create new seasonal flavors like Guava Dragon Fruit, Pineapple Creamsicle and Holiday Cheers, we hope that consumers can get excited about these limited-edition beverages and look forward to Health-Ade putting out something new, refreshing and gut-positive a few times throughout the year. Happy Birthday to Health-Ade, I know the next 10 years are going to be as wonderful and full of growth as the last 10!"
To celebrate a decade of Health-Ade and this important milestone, the brand will be doing a variety of promotions and give-aways on June 10th in honor of their birthday. On June 10th Health-ade will be giving away 100 6-pack cases for $10. In addition, all flavors/packs will be $10 off with code Happy10. For more information visit Health-Ade.com and follow along on social @healthade.
ABOUT HEALTH-ADE
Health-Ade creates feel-good, bubbly beverages with gut-health benefits so you can follow your gut and show the world what you're made of. The brand got started in the Brentwood Farmers Market in 2012 selling its flagship kombucha drinks. Instantly gaining a cult following in Southern California, Health-Ade Kombucha rapidly expanded to sell nationwide in over 45,000 stores including Whole Foods Market, Sprouts, Safeway / Albertsons, Kroger, Publix, Target and more in 16oz single serve bottles (MSRP: $3.99) and 48oz sizes at (MSRP: $8.99). The brand's growing roster of offerings now includes Health-Ade Pop, a low sugar prebiotic soda, Health-Ade Plus, an adaptogenic kombucha line, and Health-Ade Cocktail Mixers, designed for a low sugar, mixologist-quality cocktail solution at home. All Health-Ade products are naturally fermented with high quality ingredients and are certified organic, non-GMO, gluten-free and vegan, and each bottle of Health-Ade Kombucha exceeds the World Health Organization's standard for probiotics, which many food and beverage products on the market today fail to meet.
For more information or press inquiries, please email press@health-ade.com
Follow along on Instagram @healthade, Facebook /HealthAde, Twitter @DrinkHealthAde and TikTok @healthade
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SOURCE Health-Ade Kombucha | https://www.wibw.com/prnewswire/2022/06/10/health-ade-celebrates-10-years-with-release-special-seasonal-flavor-guava-dragon-fruit/ | 2022-06-10T14:12:38Z |
Young adults take the lead to practice Jesus' love for a better future
NEW YORK, Aug. 2, 2022 /PRNewswire/ -- New Heaven New Earth, Shincheonji Church of Jesus, the Temple of the Tabernacle of the Testimony, launched a youth volunteer group called We Are One made up of 70,000 members in South Korea and 20,000 members overseas.
The launch ceremony took place on July 30th at the K Hotel in Yangjae-dong, Seoul, South Korea. Over 1,000 representatives attended the event in person and 90,000 volunteers joined through a live broadcast. The ceremony included live performances and a commemorative photo shoot. Covid-19 social distancing guidelines were in place, and participants were required to wear masks and have their temperatures taken before joining.
To commemorate the launch of We Are One, 70,000 youth will donate blood in 17 cities, including Seoul, Busan, Incheon, and Daegu, South Korea. The blood donation campaign will begin on August 27th and continue for three months.
"Congratulations on the launch of the Shincheonji youth volunteer group We Are One," said Eom Jae-yong, president of the Seoul Southern Blood Center of the Korean Red Cross during a congratulatory speech. "Also, thank you for choosing to participate in the first volunteer activity as a blood donation campaign. It is expected that this will be a great help in dealing with the re-spreading of Covid-19 and the crisis situation."
In addition to donating blood, We Are One plans to address national challenges and international crises. The group's core focuses will include support service, creating a sustainable environment, world peace, and education.
"We discussed a lot about the problems that young people are facing today and their solutions," said We Are One CEO Hong Jun-soo. "There are many members of the We Are One volunteer group with various talents, such as entrepreneurs, planning developers, designers, medical personnel, and social welfare experts. Together with them, we will solve the problems of the younger generation and take the lead in creating a better world."
Shincheonji Church Chairman Lee Man-hee Lee also attended the launch ceremony. "We are born in this age and have an obligation to illuminate and develop this age," Chairman Lee said. "If God the Creator is with us, nothing is impossible. Jesus said to love your neighbor as yourself. People come first. Let's all unite and make a better world."
Contact:
Gina Del Gigante
6466287365
revelation@scjamericas.org
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SOURCE Shincheonji Church of Jesus | https://www.kxii.com/prnewswire/2022/08/02/we-are-one-largest-youth-volunteer-group-launches/ | 2022-08-02T16:31:05Z |
Ex-boyfriend of Cassie Carli, missing Florida mom, arrested in Tennessee
PENSACOLA, Fla. (Gray News) - Authorities have arrested the ex-boyfriend of missing mother Cassie Carli in Tennessee over the weekend.
On Saturday, the Santa Rosa County Sheriff’s Office announced the arrest of Marcus Spanevelo.
Authorities said Spanevelo was arrested by the Tennessee Bureau of Investigations and the Tennessee Highway Patrol in Lebanon, Tennessee.
According to the Santa Rosa County Sheriff’s Office, he is being held on charges that include tampering with evidence, giving false information concerning a missing persons investigation and destruction of evidence.
Officials said Spanevelo was arrested based on a Santa Rosa County Sheriff’s Office major crimes warrant, which a judge signed.
Previously, Santa Rosa County Sheriff Bob Johnson said Spanevelo was the last person to see Carli on March 27 before she went missing. Police said Carli was at a restaurant to meet Spanevelo, the father of their 4-year-old daughter, Saylor, to do a child exchange.
Spanevelo was then located in Birmingham, Alabama, on Wednesday with Saylor. Investigators interviewed him and said they planned to speak to him further. Saylor was taken into the custody of Alabama Protective Services, Johnson said.
Currently, the case remains an active investigation, and the sheriff’s office said it is cautious about the information released due to the sensitivity of the case.
The search efforts for Carli are ongoing, with the FBI assisting, and Saylor remains safe, according to police.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/04/03/ex-boyfriend-cassie-carli-missing-florida-mom-arrested-tennessee/ | 2022-04-03T01:23:01Z |
Hummingbirds AI and Oculi Recognized for Innovation and Excellence in Edge AI and Computer Vision
SANTA CLARA, Calif., May 18, 2022 /PRNewswire/ -- The Edge AI and Vision Alliance today announced the winners of the 2022 Vision Tank competition at the Embedded Vision Summit. The annual start-up competition, which showcases the best new ventures using visual AI and computer vision in their products, invited five finalist companies to pitch their company and product to judges in front of the Summit audience.
JUDGES' AWARD: Hummingbirds AI
Hummingbirds AI—Hummingbirds AI is an award-winning computer vision hub, creating privacy-first solutions for security and efficiency of enterprises, including GuacamoleID, a "FaceID for computers." As a cloud-independent app, it's an on-device authentication tool using video-based biometrics for authenticating workers or customers. https://hummingbirds.ai
AUDIENCE CHOICE AWARD: Oculi
Oculi—Oculi is putting the "human eye" in AI. After decades of limited evolution, Oculi has charted the path to optimal machine vision starting with the OCULI SPU, the only Software-Defined Vision Sensor on a single chip that delivers actionable data with up to 30x improvement in the fundamental power-latency trade off. https://www.oculi.ai
We received numerous outstanding Vision Tank entrants this year! Our judging panel and our audience had the tough task of selecting the winners. "We are pleased to recognize and congratulate Hummingbirds AI and Oculi for their achievements," said Jeff Bier, Founder of the Edge AI and Vision Alliance and General Chairman of the Embedded Vision Summit. "These winners reflect the growing pace of innovation fueled by edge AI, deep learning and computer vision. Hummingbirds AI and Oculi clearly stood out for their technical innovation, as well as excellence in their business plans, teams and market potential."
The winner of the Vision Tank Judges' Award will receive a $5,000 cash prize, and both winners will receive a one-year membership in the Edge AI and Vision Alliance. In addition, the companies received valuable introductions to potential investors, customers, employees and suppliers.
Finalist video pitches are available at https://embeddedvisionsummit.com/vision-tank.
The Embedded Vision Summit, which was held this year May 16-19, is operated by the Edge AI and Vision Alliance, a worldwide industry partnership bringing together technology providers and end-product companies to accelerate the adoption of edge AI and vision in products. More at https://edge-ai-vision.com.
MEDIA CONTACT:
Phil Lapsley
Mobile: +1 925 954 1411
Email: lapsley@bdti.com
About The Embedded Vision Alliance
The Embedded Vision Alliance is a worldwide industry partnership bringing together technology providers and end-product companies who are enabling innovative and practical applications for computer vision and visual AI for a range of market segments and applications, including automotive, consumer electronics, healthcare, retail, and more. Membership is open to any company that supplies or uses technology for visual AI, computer vision systems and applications. For more information on the Alliance, visit https://www.embedded-vision.com.
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SOURCE Edge AI and Vision Alliance | https://www.kxii.com/prnewswire/2022/05/19/edge-ai-vision-alliance-announces-2022-vision-tank-winners/ | 2022-05-19T04:55:45Z |
Sprout up 40% in the latest four weeks of Nielsen data - outperforming the baby food category across the board for all time periods measured
Exploring potentially expanding into new product categories beyond the Baby Food Aisle
LAVAL, QC and MONTVALE, N.J., July 20, 2022 /PRNewswire/ - Today Neptune Wellness Solutions Inc. ("Neptune" or the "Company") (NASDAQ: NEPT) (TSX: NEPT), a diversified and fully integrated health and wellness company focused on plant-based, sustainable and purpose-driven lifestyle brands, is providing a distribution update for Sprout Organics ("Sprout"), an organic plant-based baby food and toddler snack company, highlighting strong growth in the latest four weeks of Nielsen data and discussing its potential expansion into new product categories beyond the baby food aisle.
Certain information in this news release has been historically provided by Neptune in its quarterly and annual earnings calls. Due to the timing of Neptune's most recent call, the availability of such information and certain other matters in which Neptune was engaged at the time of such call, such information was not available or could not be properly or fully shared at that time. As a result, this information is being provided now to investors in Neptune in a supplemental news release to ensure that investors have such information available to them related to the business and operations of Sprout.
Distribution Gains
- Distribution: Now available in 90% of the organic baby food market, up from only 50% a year-ago
- SKU Count: 92 SKUs available vs 74 SKUs a year-ago
- Store Count: Products are now in 27,000 doors vs 18,500 doors a year-ago, a 45% increase
- Added Distribution: In the last year, Sprout has established several distribution gains with leading retailers, including Target, Walmart, major supermarket chains and the largest national pharmacy chain in the United States (in 5,000 of their 9,900 doors), and is now shipping direct-to-consumers via the Sprout Organics website
- Geographic presence: Now available in all 50 states, as well as in Canada
Market Share & Growth
- Sales Growth: Sprout grew 40%, vs 15% for the overall category, in the latest four weeks of Nielsen data for the period ending June 18, 2022, outperforming the product category in all time periods measured1
- Market Share by Category2:
Supply Chain Simplification
- Sprout has streamlined its supply chain to focus on fewer strategic partnerships, reducing the overall number of vendors it works with from 55 down to 22. This has allowed Sprout to improve supply chain efficiency and reduce costs, while maintaining fill rates.
Category Expansion
- According to Nielsen data, Sprout's sales in the organic toddler meal category have grown at an accelerated rate since September 2020, outpacing growth for the Organic Baby Food category as a whole.
- The prepared foods category represents a $3.6 billion market size (according to Nielsen data), which is more than double the size of the baby food market and where data shows gross margins in the 30% range.
- New Up-Age meal products - Mealz™, a Sprout line of organic heat-and-serve bowls for children, which are a convenient option for busy parents who want to ensure their children get a full serving of vegetables – should be available as early as Fall 2022.
- Sprout is also exploring further category expansion, including Cereal, an estimated $21 billion market size; Vitamins, an estimated $7 billion market size; and Beverages, an estimated $124 billion market size (in each case, according to Nielsen data).
Statement from Sprout Management:
"We believe that our expansion efforts, in parallel with our cost-management strategy, will allow our products to disrupt the organic food market at a higher level. We intend to release new products into categories where we see potential for Sprout to capture sales demand in high-growth markets. By leveraging our expertise and unique partnerships, we seek to continue to strengthen our position and brand as a leader in the organic food sector and beyond."
About Neptune Wellness Solutions Inc.
Headquartered in Laval, Quebec, Neptune is a diversified health and wellness company with a mission to redefine health and wellness. Neptune is focused on building a portfolio of high quality, affordable consumer products in response to long-term secular trends and market demand for natural, plant-based, sustainable and purpose-driven lifestyle brands. The Company utilizes a highly flexible, cost-efficient manufacturing and supply chain infrastructure that can be scaled to quickly adapt to consumer demand and bring new products to market through its mass retail partners and e-commerce channels. For additional information, please visit: https://neptunewellness.com/.
About Sprout Organics
Sprout Organics is an organic baby food brand that strives to make mealtime easy and fun for parents and babies through delicious snacks and meals made with fresh, organic ingredients. The company aims to make life less complicated, give children a head start in life, and explore new foods with excitement with three simple promises: Keep it real, keep it simple and keep it fun. Sprout uses only the best, real and organic ingredients in everything it makes which means certified organic foods in every bite straight from nature, no GMOs. To learn more, please visit www.sproutorganics.com.
Disclaimer – Safe Harbor Forward–Looking Statements
This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates, and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance are not statements of historical fact and may be forward-looking statements. In this press release, forward-looking statements include, among other things, statements with respect to the potential growth and market opportunities for Sprout, the success of Sprout's products, the operational efficiencies achieved by Sprout and the ability of Sprout to maintain and improve upon such operational efficiencies, the development and timing of new products and product launches and the expansion of Sprout into new product categories generally. These forward-looking statements are based on assumptions and estimates of management at the time such statements were made. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties, and other factors including, principally, risks relating to supply chain disruptions and regulatory and litigation risks, as well as the other risks discussed under the heading "Risk Factors" in the Annual Report on Form 10-K for the year ended March 31, 2022 of Neptune Wellness Solutions Inc. ("Neptune") filed on July 8, 2022, as well as other factors described from time to time in Neptune's filings with the U.S. Securities and Exchange Commission. Sprout and Neptune undertake no obligation to publicly update or revise any forward-looking statement because of new information, future events or otherwise, except as otherwise required by law. If we do update one or more forward-looking statements, no inference should be made that we will make additional updates with respect to those or other forward-looking statements.
Neither NASDAQ nor the Toronto Stock Exchange accepts responsibility for the adequacy or accuracy of this release.
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SOURCE Neptune Wellness Solutions Inc. | https://www.kxii.com/prnewswire/2022/07/20/neptune-provides-sprout-organics-distribution-update/ | 2022-07-20T23:08:54Z |
DALLAS, June 2, 2022 /PRNewswire/ -- Ranger Investment Management, L.P. (Ranger Investments), an employee-owned boutique investment manager specializing in small- and micro-cap U.S. growth strategies, today announced that Melanie Mendoza has been appointed chief compliance officer, effective May 31. She reports to Joseph LaBate, partner. Mendoza is also a member of the firm's Compliance, ESG Advisory, and Cybersecurity committees.
"Melanie brings several decades of compliance and investment industry experience to Ranger Investments. For the past seven months, she has served as interim CCO and has been instrumental in leading our compliance program," LaBate said. "We are delighted to have Melanie join in a leadership role and are confident she will continue to provide us and our clients with the highest standards of stewardship and governance."
Before becoming interim CCO at Dallas-based Ranger Investments in 2021, Mendoza was founder of MHM Consulting LLC, which provided independent compliance consulting services to registered investment advisors. Before that she was chief compliance officer for Matarin Capital Management, where she played a key role in developing the firm's ESG policy. She has held several other compliance officer and consulting roles at investment management firms. Mendoza received a bachelor of arts degree in psychology from Notre Dame of Maryland University. She holds the Series 65 license and the Certified Regulatory Compliance Professional Certification.
Ranger Investments manages and advises more than $2.2 billion in assets, including model accounts, as of March 31, 2022. The firm serves a global client base through separate accounts, sub-advised mandates, and two mutual funds—Ranger Small Cap Fund (RFISX) and the Ranger Micro Cap Fund (RFIMX). Ranger Investments is dedicated to uncovering quality, growing companies and integrates analysis of environmental, social and governance (ESG) factors into its investment process.
ABOUT RANGER INVESTMENT MANAGEMENT
Ranger Investment Management, L.P. is a boutique equity investment manager that offers U.S. small- and micro-cap growth strategies. Formed in 2003, Ranger Investments is an SEC-registered investment adviser, owned and controlled by employees. The firm's strategies aim to preserve and grow capital by using a bottom-up, fundamental research process to identify growing, high-quality companies that can be purchased at attractive valuations. Ranger Investments manages and advises more than $2.2 billion in assets, including model accounts, as of March 31, 2022. The firm serves a global client base through separate accounts, sub-advised mandates, and two mutual funds—Ranger Small Cap Fund (RFISX) and the Ranger Micro Cap Fund (RFIMX). The firm is signatory to the United Nations Principles for Responsible Investing (PRI). For more information, visit: https://www.rangerinvestments.com.
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SOURCE Ranger Investments | https://www.wibw.com/prnewswire/2022/06/02/ranger-investment-management-appoints-melanie-mendoza-chief-compliance-officer/ | 2022-06-02T16:26:22Z |
Record Quarterly Revenue of $73.4 Million
Second Quarter Revenue Up 21% Year-Over-Year
14 Consecutive Quarters of 98% Gross Revenue Retention
Operating Cash Flow Generation of $18.3 Million in the Quarter
BOISE, Idaho, Aug. 3, 2022 /PRNewswire/ -- Clearwater Analytics Holdings, Inc. (NYSE: CWAN) ("Clearwater Analytics" or the "Company"), an industry-leading SaaS solution for automated investment data aggregation, reconciliation, accounting, and reporting, announced today its financial results for the quarter ended June 30, 2022.
"Clearwater Analytics posted another strong quarter and continues to grow by adding marquee new clients across the globe. For both new and existing clients, efficient operations and a deep understanding of investment risk and compliance are critical business functions that make Clearwater Analytics a mission-critical partner," said Sandeep Sahai, Chief Executive Officer. "We continue to win clients and displace our competitors, reflecting the strength and value that our next-generation technology offers. Now more than ever, our clients rely on Clearwater Analytics to help them navigate through the ebbs and flows of market uncertainty with daily intelligence that informs their investments in new securities and strategies."
Second Quarter 2022 Financial Results Summary
- Revenue: Total revenue for the second quarter of 2022 reached $73.4 million, an increase of 20.6%, from $60.9 million in the second quarter of 2021.
- Gross Profit: Gross profit for the second quarter of 2022 was $52.5 million, compared with $45.3 million in the second quarter of 2021. Non-GAAP gross profit for the second quarter of 2022 was $55.6 million, which equates to a 75.7% non-GAAP gross margin.
- Net Income/(Loss): Net loss for the second quarter of 2022 was $2.2 million compared with net loss of $0.2 million in the second quarter of 2021. In the second quarter of 2022, the Company recorded a $3.1 million expense related to its Tax Receivable Agreement. Non-GAAP net income for the second quarter of 2022 increased by 119% to $13.3 million from $6.1 million in the second quarter of 2021.
- Adjusted EBITDA: Adjusted EBITDA for the second quarter of 2022 was $19.1 million, compared with $17.4 million in the second quarter of 2021. Adjusted EBITDA margin for the second quarter of 2022 was 26.0% reflecting the Company's ability to balance incremental investments in sales and marketing and research and development with earnings in the quarter.
- Cash Flows: Operating cash flows for the second quarter were $18.3 million and free cash flows were $16.5 million reflecting an 87% conversion of Adjusted EBITDA to free cash flow.
- Net Income/(Loss) Per Share and Non-GAAP Net Income Per Share attributable to Clearwater Analytics Holdings, Inc.: Net loss per basic and diluted share was $0.01 and non-GAAP net income per diluted share was $0.05 in the second quarter of 2022.
- Cash: Cash, cash equivalents and short-term investments were $281.6 million as of June 30, 2022.
Second Quarter 2022 Key Metrics Summary
- Annualized Recurring Revenue: As of June 30, 2022, annualized recurring revenue ("ARR") reached $290.4 million, an increase of 18.5% from $245.0 million as of June 30, 2021.
ARR is calculated at the end of a period by dividing the recurring revenue in the last month of such period by the number of days in the month and multiplying by 365.
- Gross Revenue Retention Rate: As of June 30, 2022, the gross revenue retention rate was 98%. The Company has reported a gross revenue retention rate of 98% for fourteen consecutive quarters.
Gross revenue retention rate represents annual contract value ("ACV") at the beginning of the 12-month period ended on the reporting date less client attrition over the prior 12-month period, divided by ACV at the beginning of the 12-month period, expressed as a percentage. ACV is comprised of annualized recurring revenue plus contracted-not-billed revenue, which represents the estimated annual contracted revenue for new and existing client opportunities prior to revenue recognition.
- Net Revenue Retention Rate: As of June 30, 2022, the net revenue retention rate was 104% which is a decline from 107% as of March 31, 2022. With the unusual market conditions of the equity markets and fixed income securities having both fallen in concert, the Company saw a 3% decline in the net revenue retention rate in the second quarter.
Net revenue retention rate is the percentage of recurring revenue from clients on the platform for 12 months and includes changes from the addition, removal, or value of assets on our platform, contractual changes that have an impact to annualized recurring revenues and lost revenue from client attrition.
Recent Business Highlights
- As another example of high growth businesses needing timely and accurate investment accounting, Sutton RE, a proven provider of specialized reinsurance solutions across the globe, selected Clearwater Analytics' best-in-class technology to manage their operations across more than $29 billion assets under management spanning a diverse and complex portfolio of investments.
- Clearwater Analytics added its first public pension fund client, the Public Employee Retirement System of Idaho ("PERSI") which manages more than $23 billion in assets, to its SaaS platform to provide data aggregation and reporting for the 850 employer organizations and more than 170,000 individuals served in the State of Idaho by PERSI.
- One of Asia's leading non-life insurance brands, MSIG, with a presence in 50 countries and regions globally, selected Clearwater Analytics to support its transformation strategy. MSIG's Asia headquarters along with its business units in Hong Kong, Malaysia and Thailand will standardize their operating model, and adopt Clearwater Analytics for a consolidated view of data, analytics, accounting, regulatory, and operational reporting.
- Clearwater Analytics hosted its European Clearwater Connect conference in London. More than 100 current and prospective Clearwater Analytics users seized the opportunity to significantly enhance their knowledge of the world's most comprehensive investment accounting solution.
- Clearwater Analytics continues to receive industry recognition for its innovative investment accounting solution. In the second quarter of 2022, it was honored with the IASA Solution Provider of the Year award and the FTF News Award for best client reporting solution for the second consecutive year.
Third Quarter and Full-Year 2022 Guidance
Certain components of the guidance given above are provided on a non-GAAP basis only without providing a reconciliation to guidance provided on a GAAP basis. Information is presented in this manner, consistent with Securities and Exchange Commission (the "SEC") rules, because the preparation of such a reconciliation could not be accomplished without "unreasonable efforts." The Company does not have access to certain information that would be necessary to provide such a reconciliation, including non-recurring items that are not indicative of the Company's ongoing operations. The Company does not believe that this information is likely to be significant to an assessment of the Company's ongoing operations.
Conference Call Details
Clearwater Analytics will hold a conference call and webcast on August 3, 2022, at 5:00 p.m. Eastern time to discuss second quarter 2022 financial results, provide a general business update, and respond to analyst questions.
A live webcast of the call will also be available on the Company's investor relations website. Please visit investors.clearwateranalytics.com at least fifteen minutes prior to the start of the event to register, download and install any necessary audio software.
If you are unable to participate live, a replay of the webcast will be available following the conference call on the Company's investor relations website, along with the earnings press release, and related financial tables.
About Clearwater Analytics
Clearwater Analytics is a global industry-leading SaaS solution for automated investment data aggregation, reconciliation, accounting, compliance, risk, performance, and reporting. Each day, the Clearwater solution reports on more than $5.9 trillion in assets for clients that include leading insurers, asset managers, corporations, pension plans, governments, and nonprofit organizations – helping them make the most of their investment portfolio data with a world-class product and client-centric servicing. Investment professionals around the globe trust Clearwater to deliver timely, validated investment data and analytics. Additional information about Clearwater can be found at clearwateranalytics.com, LinkedIn, and Twitter.
Use of non-GAAP Information
This press release contains certain non-GAAP measures, including non-GAAP gross profit, non-GAAP gross margin, adjusted EBITDA, adjusted EBITDA margin, non-GAAP net income, non-GAAP net income per diluted share and free cash flow.
The non-GAAP measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similar measures presented by other companies. However, the Company believes that this non-GAAP information is useful as an additional means for investors to evaluate its operating performance, when reviewed in conjunction with its GAAP financial statements. These measures should not be considered in isolation or as a substitute for measures prepared in accordance with GAAP, and because these amounts are not determined in accordance with GAAP, they should not be used exclusively in evaluating the Company's business and operations. In addition, undue reliance should not be placed upon non-GAAP or operating information because this information is neither standardized across companies nor subjected to the same control activities and audit procedures that produce the Company's GAAP financial results.
The Company's non-GAAP statement of operations measures, including non-GAAP gross profit, non-GAAP gross margin, adjusted EBITDA, adjusted EBITDA margin, non-GAAP net income, non-GAAP net income per diluted share and free cash flow, are adjusted to exclude the impact of certain costs, expenses, gains and losses and other specified items that management believes are not indicative of its ongoing operations. These adjusted measures exclude the impact of share-based compensation and eliminate potential differences in results of operations between periods caused by factors such as financing and capital structures, taxation positions or regimes, restructuring, impairment and other charges. Please refer to the reconciliations of these measures below to what the Company believes are the most directly comparable measures evaluated in accordance with GAAP.
Use of Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's beliefs and assumptions and on information currently available to management. Forward-looking statements include information concerning the Company's possible or assumed future results of operations, business strategies, technology developments, financing and investment plans, dividend policy, competitive position, industry, economic and regulatory environment, potential growth opportunities and the effects of competition. Forward-looking statements include statements that are not historical facts and can be identified by terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "seek," "should," "will," "would" or similar expressions and the negatives of those terms, but are not the exclusive means of identifying such statements.
Forward-looking statements involve known and unknown risks, uncertainties, and other factors, many of which are beyond Clearwater Analytics' control, that may cause the Company's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks and uncertainties may cause actual results to differ materially from Clearwater Analytics' current expectations and include, but are not limited to, the Company's ability to keep pace with rapid technological change and competitors in its industry, the possibility that market volatility, a downturn in economic conditions or other factors may cause negative trends or fluctuations in the value of the assets on the Company's platform, the Company's ability to manage growth, the Company's ability to attract and retain skilled employees, the possibility that the Company's solutions fail to perform properly, disruptions and failures in the Company's and third parties' computer equipment, cloud-based services, electronic delivery systems, networks and telecommunications systems and infrastructure, the failure to protect the Company, its customers' and/or its vendors' confidential information and/or intellectual property, claims of infringement of others' intellectual property, factors related to the Company's ownership structure and status as a "controlled company" as well as other risks and uncertainties detailed in Clearwater Analytics' periodic public filings with the SEC, including but not limited to those discussed under "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2021 filed on March 16, 2022, and in other periodic reports filed by Clearwater Analytics with the SEC. These filings are available at www.sec.gov and on Clearwater Analytics' website.
Given these uncertainties, you should not place undue reliance on forward-looking statements. Also, forward-looking statements represent management's beliefs and assumptions only as of the date of this press release and should not be relied upon as representing Clearwater Analytics' expectations or beliefs as of any date subsequent to the time they are made. Clearwater Analytics does not undertake to and specifically declines any obligation to update any forward-looking statements that may be made from time to time by or on behalf of Clearwater Analytics.
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SOURCE Clearwater Analytics, LLC | https://www.wibw.com/prnewswire/2022/08/03/clearwater-analytics-announces-second-quarter-2022-financial-results/ | 2022-08-03T22:00:33Z |
Egg prices spike amid bird flu outbreaks at U.S. farms
(Gray News) - The cost of groceries continues to rise these days, and the price of eggs is also going up.
According to the U.S. Department of Agriculture, bird flu has affected 24 states and more than 46 million birds in the U.S. as of April 5.
Bird flu, or avian influenza, is described by health officials as a highly contagious and deadly virus that affects chickens, turkeys and wild birds. It has been hitting farms hard across the country.
According to the Associated Press, Iowa is the nation’s leading egg producer, and bird flu has infected several farms in that area, forcing the killing of 5.3 million hens and 88,000 turkeys.
According to the USDA, the average cost of a dozen eggs is currently $2.88 per dozen at supermarkets, up 52% since earlier this year.
The agency reports eggs are expected to be more in demand with the upcoming Easter holiday, but suppliers are not expected to run out of product.
The Centers for Disease Control and Prevention reports the bird flu usually does not infect people and rare cases of human infection when it comes to the virus have been reported.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/04/05/egg-prices-spike-amid-bird-flu-outbreaks-us-farms/ | 2022-04-05T22:51:27Z |
‘Serial rapist’ who preyed on women from dating apps likely has victims nationwide, police say
MOORESVILLE, N.C. (WBTV/Gray News) – A man who investigators say is a serial rapist who preyed on women from dating apps was arrested this week.
While 29-year-old Michael Brandon Shinn was ultimately arrested for two sex crimes police say he committed in North Carolina, police warn that Shinn could have victims nationwide, as far away as California.
Officers with the Mooresville Police Department arrested Shinn after receiving reports of two recent rapes in the area.
The first alleged rape happened June 16. The victim reported the assault to police a few days later, telling them she met Shinn online and had agreed to meet him. After the two met, the victim said she got into Shinn’s car where he drove her to a remote parking lot and raped her. The victim told police Shinn then left her in the parking lot without a phone or a vehicle.
Detectives said they identified Shinn using the information provided by the victim and warrants were obtained for his arrest.
While investigating that alleged crime, the Huntersville Police Department advised Mooresville police that a second victim was hospitalized in Huntersville.
This victim provided a similar description of the suspect and the circumstances of the alleged crime, according to police. The victim said she met Shinn in the same parking lot on June 21, just five days after the first reported rape.
Following the report from the second victim, more warrants were obtained for Shinn’s arrest.
Police did not elaborate on the second victim’s injuries or why she was hospitalized.
During the investigation of both assaults, detectives said they discovered that Shinn was targeting women online and is likely involved in similar crimes in other areas nationwide. Detectives said they are working with multiple surrounding agencies who have similar cases involving the suspect, including agencies as far away as California.
Shinn was arrested and charged with two counts of second-degree forcible rape and one count of second-degree forcible sex offense. He is being held at the Iredell County Detention Center under a $600,000 secured bond.
Police are asking for more victims to come forward. If you or anyone you know may have been a victim of or had contact with Shinn, you are encouraged to contact Detective Saladino with the Mooresville Police Department at 704-664-3311.
Copyright 2022 WBTV via Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/06/24/serial-rapist-who-preyed-women-dating-apps-likely-has-victims-nationwide-police-say/ | 2022-06-24T21:46:17Z |
PHOENIX, May 20, 2022 /PRNewswire/ -- Integro Bank (In Organization) announced that it obtained conditional approval from the Federal Deposit Insurance Corporation (FDIC) for deposit insurance in connection with its application to open a new bank devoted to helping small businesses. Among the conditions for opening the bank is a requirement to raise a minimum of $27.9 million in capital and for the bank to obtain regulatory approval from the Arizona Department of Insurance and Financial Institutions ("AZ DIFI"). Integro Bank announced two days ago that it had obtained conditional approval of its bank charter application with the AZ DIFI.
Thomas J. Inserra, CEO & Founder stated: "Combining this federal regulatory approval with our state regulatory approval and our recently obtained bank routing number means the primary remaining item to open the bank is to close on our pending stock offering. Our mission of helping small businesses grow and increase employment is about to begin. Integro Bank is now planning a grand opening date in mid-2022, so stay tuned for future announcements of our exact opening date. Integro Bank will also begin hiring the remaining positions to open the bank in preparation for our rapid launch."
For an opportunity to become owner of your own bank or to track Integro Bank's capital raise progress, visit us online at: www.IntegroBank.com.
About Integro Bank (In Organization)
Integro Bank (In Organization) is a proposed de novo bank based in Phoenix, Arizona (USA). Our proprietary Integro-360 consultative approach and CEO Club are designed to help small business grow and maximize employment. To learn how you can make an impact, help small businesses, and become a co-owner of your own bank, visit: www.integrobank.com
Media Contact:
Thomas J. Inserra CEO at investor.support@integrobank.com or (602) 805-5088.
Investor Contact:
Interested institutional investors should contact John Thompson at john.thompson@pnc.com or 216-222-2668; or Andrew Underwood at Andrew.underwood@pnc.com or 901-337-7077.
This is not an offer to sell or a solicitation of an offer to buy Integro Bank's (In Organization) common stock. Offers may be made only by an offering circular. To obtain a copy of the offering circular investors may visit: www.integrobank.com by selecting "Become an Investor" and carefully reading the circular before subscribing to purchase any Integro Bank (In Organization) common stock.
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SOURCE Integro Bancorp Inc. | https://www.kxii.com/prnewswire/2022/05/20/integro-bank-organization-obtains-fdic-conditional-approval/ | 2022-05-20T20:37:07Z |
(The Hill) — Supreme Court Justice Samuel Alito poked fun at the criticism that multiple foreign leaders gave of the court’s June decision to overturn Roe v. Wade.
Alito spoke at the Notre Dame Law School’s Religious Liberty Summit in Rome last week, pointing to a “narrowing” of religious speech in the judicial decisions in other countries. He said he was originally not planning to reference specific examples as he was preparing his remarks, but he considered changing his mind given foreign leaders’ comments on the court’s decision in Dobbs v. Jackson Women’s Health Organization, which struck down the federal right to abortion.
“I’ve had a few second thoughts over the last few weeks since I had the honor this term of writing I think the only Supreme Court decision in the history of that institution that has been lambasted by a whole string of foreign leaders who felt perfectly fine commenting on American law,” Alito said.
He said one leader who commented was British Prime Minister Boris Johnson, but he “paid the price,” jokingly referring to Johnson’s decision to step down as prime minister once a successor is chosen.
Johnson said after the decision that he recognized the decision is not in the United Kingdom’s jurisdiction, but he called it a “backward step” for the United States.
Alito noted criticism from French President Emmanuel Macron and Canadian Prime Minister Justin Trudeau but said he was particularly “wounded” when the Duke of Sussex, Prince Harry, seemed to compare the decision with Russia’s invasion of Ukraine during a speech to the United Nations.
Harry gave a speech last month in which he mentioned a “global assault on democracy and freedom,” to which he said the war in Ukraine and “the rolling back of constitutional rights” in the United States contributed.
Alito said he would not discuss specific cases from other countries, but more than “positive law” is needed to win the battle to protect religious freedom in an “increasingly secular society.”
He said the challenge is to convince those who do not identify with any religion or view religion as negative that religious freedom is worth protecting. | https://cw33.com/news/nexstar-media-wire/alito-mocks-foreign-leaders-criticism-of-decision-to-overturn-roe-v-wade/ | 2022-07-29T02:43:29Z |
Company is Committed to Safety and Helping Parents Address Affected Units
CANTON, Mass., April 20, 2022 /PRNewswire/ -- CYBEX, a leading manufacturer and marketer of infant and juvenile products, today initiated a voluntary safety recall of select U.S. versions of the Sirona M convertible car seats due to some children accessing and picking off the foam from the headrest through a small opening in the headrest cover set. The foam pieces are very small, are generally spherical with no sharp edges, and are non-toxic. However, these very small foam pieces could be a choking hazard. There have been no reports to CYBEX of injuries to children in connection with the foam from the U.S. Sirona M. The car seat continues to meet all requirements for crashworthiness. The affected U.S. versions of the Sirona M car seat can continue to be used to transport children safely.
This voluntary U.S. recall involves the Sirona M seats built before September 1, 2018 with Model Numbers 518000385, 518000387, 518002145, 518002145, 518002149, 518002151, 518002153, and 519000211.
The company will send a consumer notice to registered owners of the affected seats on or about May 9, 2022 to inform them of the action and is working with retailers to ensure that impacted Sirona M car seats are no longer available for sale. CYBEX will also make available a free product improvement kit that includes manufacturer-approved adhesive tape and instructions for proper application.
The company requests that owners of affected seats contact CYBEX for a free product improvement kit by calling 1-877-242-5676 between 8 am and 5 pm ET, Monday through Friday. Customers should not return seats to retailers where purchased. Importantly, the U.S. Sirona M car seat affected by this recall meets all safety requirements, so it may be used while consumers wait for the product improvement kit.
About CYBEX
CYBEX is a leading manufacturer and marketer of infant and juvenile products. Safety is CYBEX's number-one priority which is why all products are designed, engineered and rigorously tested with the goal of truly creating a safer more peaceful ride for both children and caregivers. Columbus Trading-Partners U.S., Inc ("CTP") is the United States distributor for CYBEX.
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SOURCE CYBEX | https://www.wibw.com/prnewswire/2022/04/20/cybex-initiates-voluntary-safety-recall-select-us-versions-sirona-m-convertible-car-seats/ | 2022-04-20T22:38:50Z |
MIDLAND, Mich., Sept. 7, 2022 /PRNewswire/ -- Great Place to Work® and Fortune magazine have honored Dow (NYSE: DOW) as one of the 2022 Best Workplaces in Manufacturing & Production™. Dow has ranked #4 in the large organization category, and this is the second consecutive year the company is being named to this prestigious list.
Great Place to Work® is the only company culture award in the U.S. that selects winners based on how fairly employees are treated. Companies are assessed on how well they are creating a great employee experience taking into consideration all aspects including race, gender, age, disability status, and job responsibilities.
"This award from Fortune and Great Place to Work® is a testimony to one of our core beliefs – that our greatest differentiator will always be the people of Team Dow," said Jim Fitterling, Dow chairman and CEO. "Our people come first, and we know that translates into us delivering the products and solutions that benefit all our stakeholders and help solve some of society's most pressing challenges."
Great Place to Work®, the global authority on workplace culture, selected the list using rigorous analytics and confidential employee feedback. Companies were only considered if they are a Great Place to Work-Certified™ organization. The Best Workplaces in Manufacturing & Production award is based on analysis of survey responses from 57,000 current employees across the manufacturing and production industry in the U.S.
"Dow's global inclusion, diversity and equity strategy is integrated into the Company's DNA" said John Sampson, Dow senior vice president for Operations, Manufacturing & Engineering. "Thank you to our employees, who are the catalyst that has enabled us to deliver on our promises and achieve this recognition."
"These companies have adapted to the challenges of an ever-changing workplace by their commitment to inclusive, high-trust cultures where employees are treated as human beings first and foremost," says Michael C. Bush, CEO of Great Place to Work. "Congratulations to the Best Workplaces in Manufacturing and Production."
In 2021, Dow ranked #3 in Fortune Best Workplaces in Manufacturing & Production™. The Company was also named in 2022 to the "PEOPLE Companies that Care" list for the 3rd consecutive year.
Visit Dow's website for additional information on the Company's commitment to inclusion, diversity, and equity and to explore Dow's 2021 Environmental, Social and Governance report.
About Dow
Dow (NYSE: DOW) combines global breadth; asset integration and scale; focused innovation and materials science expertise; leading business positions; and environmental, social and governance (ESG) leadership to achieve profitable growth and deliver a sustainable future. The Company's ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company in the world. Dow's portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated, science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer applications. Dow operates 104 manufacturing sites in 31 countries and employs approximately 35,700 people. Dow delivered sales of approximately $55 billion in 2021. References to Dow or the Company mean Dow Inc. and its subsidiaries. For more information, please visit www.dow.com or follow @DowNewsroom on Twitter.
About the Best Workplaces in Manufacturing & Production™
Great Place to Work selected the Best Workplaces in Manufacturing & Production by gathering and analyzing confidential survey responses from more than 57,000 employees at Great Place to Work-Certified™ organizations in the manufacturing and production industry. Company rankings are derived from 60 employee experience questions within the Great Place to Work® Trust Index survey˜. Great Place to Work determines its lists using its proprietary For All™ methodology to evaluate and certify thousands of organizations in America's largest ongoing annual workforce study, based on over 1 million survey responses and data from companies representing more than 6.1 million employees, this year alone. Read the full methodology.
To get on this list next year, start here.
About Great Place to Work®
Great Place to Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Their employee survey platform empowers leaders with the feedback, real-time reporting and insights they need to make data-driven people decisions. Everything they do is driven by the mission to build a better world by helping every organization become a great place to work For All™.
Learn more at greatplacetowork.com and on LinkedIn, Twitter, Facebook and Instagram.
For further information, please contact:
Kyle Bandlow
+1.989.638.2417
kbandlow@dow.com
Twitter: https://twitter.com/DowNewsroom
Facebook: https://www.facebook.com/dow/
LinkedIn: http://www.linkedin.com/company/dow-chemical
Instagram: http://instagram.com/dow_official
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SOURCE The Dow Chemical Company | https://www.kxii.com/prnewswire/2022/09/07/dow-is-named-one-best-workplaces-manufacturing-amp-production-2022-by-great-place-work-fortune/ | 2022-09-07T16:24:03Z |
HANGZHOU, China, Aug. 29, 2022 /PRNewswire/ -- Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEX: 2391), a global leading IoT cloud development platform, today announced its unaudited financial results for the second quarter of 2022.
Second Quarter 2022 Financial Highlights
- Total revenue was US$62.5 million, down approximately 26.1% year over year (2Q2021: US$84.7 million).
- IoT PaaS revenue was US$47.6 million, down approximately 38.1% year over year (2Q2021: US$76.9 million).
- SaaS and other revenue was US$7.2 million, up approximately 114.3% year over year (2Q2021: US$3.4 million).
- Overall gross margin for the quarter increased to 42.8%, up 0.6 percentage points year over year (2Q2021: 42.2%). Gross margin of IoT PaaS for the quarter increased to 42.5%, basically flat year over year (2Q2021: 42.4%).
- Operating margin for the quarter was negative 63.1%, down 14.1 percentage points year over year (2Q2021: negative 49.0%). Non-GAAP operating margin for the quarter was negative 35.6%, down 4.3 percentage points year over year (2Q2021: negative 31.3%).
- Total cash, cash equivalents, and short-term investments were US$951.5 million as of June 30, 2022 compared to US$1.07 billion as of December 31, 2021.
- Shares repurchased in the form of ADSs for the quarter were approximately US$30.0 million, representing approximately 15.0% of the US$200 million authorization announced pursuant to the share repurchase program announced on August 30, 2021.
Second Quarter 2022 Operating Highlights
- IoT PaaS Customers[1] for the second quarter of 2022 were approximately 2,800 (2Q2021: approximately 2,600). Total customers for the second quarter of 2022 were approximately 4,100 (2Q2021: approximately 3,700).
- Premium IoT PaaS customers[2] for the trailing 12 months ended June 30, 2022 were 267 (2Q2021: 285). In the second quarter of 2022, the Company's premium IoT PaaS customers contributed approximately 82.4% (2Q2021: 86.6%) of IoT PaaS revenue.
- Dollar-based net expansion rate ("DBNER")[3] of IoT PaaS for the trailing 12 months ended June 30, 2022 was 84% (2Q2021: 211%).
- Registered IoT device and software developers, or registered developers, were over 629,000 as of June 30, 2022, up 23.3% from approximately 510,000 developers as of December 31, 2021.
Mr. Xueji (Jerry) Wang, Founder and Chief Executive Officer of Tuya, commented, "During the second quarter, global inflation continued to pressure consumer discretionary spending, further slowing a market recovery. Despite the industry-wide challenges, we continued to implement operational and business optimization, as well as product and technology upgrades. These efforts enabled our SaaS and others business segment to achieve a year-over-year growth momentum of over 110% for ten consecutive quarters despite the turbulent global economy. Notably, our Cube solution is making steady progress with the acquisition of new giant customers. On the operating front, the efficiency-centric initiatives we previously announced are already having a positive impact on our financial results. Going forward, we will prudently focus on improving our operational efficiency as we navigate this challenging environment."
Ms. Yao (Jessie) Liu, Director and Chief Financial Officer of Tuya, added, "In the second quarter of 2022, we continued to augment our margin profiles as we maintained our gross profit margin at a healthy level and further narrowed our loss. Our non-GAAP operating margin and non-GAAP net margin significantly improved by 32.8 and 37.5 percentage points quarter over quarter, respectively, reversing the trend of sequential decreases since the third quarter of 2021. In line with our narrowed non-GAAP loss, our operating cash flow in the quarter was on an improved trajectory, demonstrating the initial success of our measures to address market headwinds. As of June 30, 2022, we had a strong cash position of approximately US$951.5 million to adequately meet our liquidity and cash needs for the foreseeable future, which we believe is one of the greatest advantages, giving us resilience to navigate adverse macro environments."
Second Quarter 2022 Unaudited Financial Results
REVENUE
Total revenue in the second quarter of 2022 decreased by 26.1% to US$62.5 million from US$84.7 million in the same period of 2021, mainly due to the decrease in IoT PaaS revenue, partially offset by the increases in smart device distribution revenue and the increases in SaaS and other revenue which continued a year-over-year growth momentum of over 110% for ten consecutive quarters.
- IoT PaaS revenue in the second quarter of 2022 decreased by 38.1% to US$47.6 million from US$76.9 million in the same period of 2021, primarily because the Company's customers have become more prudent and conservative in their purchases as the increasing inflation globally, especially in North America and Europe, resulted in weakened consumer spending. The continuous high inflation has also aggravated the mismatch in supply and demand in consumer discretionary sector, causing heavy inventory backlog issues in the supply chain. The decrease was also due to the preventive measures taken across multiple regions in China against new waves of COVID-19 in the second quarter of 2022, which has affected the Company's selling and operating activities and the delivery and acceptance by customers of the Company's products. As a result of these factors, the Company's DBNER of IoT PaaS for the trailing 12 months ended June 30, 2022 decreased to 84% compared to previous periods.
- SaaS and others revenue in the second quarter of 2022 increased by 114.3% to US$7.2 million from US$3.4 million in the same period of 2021, sustaining a robust growth momentum. The growth was mainly driven by (i) an increase in revenues from the Industry SaaS business resulting from the acquisition of new customers and expanded usage of Industry SaaS by existing customers, and (ii) an increase in revenues from the value-added services that we offer to customers.
- Smart device distribution revenue in the second quarter of 2022 increased by 77.2% to US$7.8 million from US$4.4 million in the same period of 2021. The Company offers smart device distribution mainly to save customers – primarily brands, system integrators and industry operators who demand and purchase finished smart devices – from dealing with multiple OEMs. Changes in the Company's smart distribution revenues between periods are primarily due to the varying timing and amounts of customer demands and purchases.
COST OF REVENUE
Cost of revenue in the second quarter of 2022 decreased by 26.9% to US$35.8 million from US$49.0 million in the same period of 2021, in line with the decrease in total revenue.
GROSS PROFIT AND GROSS MARGIN
Total gross profit in the second quarter of 2022 decreased by 25.0% to US$26.8 million from US$35.7 million in the same period of 2021 and gross margin increased to 42.8% in the second quarter of 2022 from 42.2% in the same period of 2021.
- IoT PaaS gross margin in the second quarter of 2022 was 42.5%, basically flat compared to 42.4% in the same period of 2021, and remained relatively stable over past quarters, primarily due to the Company's effective implementation of its business management and efficiency improvement initiatives.
- SaaS and others gross margin in the second quarter of 2022 was 78.9%, compared to 75.1% in the second quarter of 2021.
- Smart device distribution gross margin in the second quarter of 2022 was 11.4%, compared to 13.1% in the second quarter of 2021.
OPERATING EXPENSES
Operating expenses decreased by 14.2% to US$66.2 million in the second quarter of 2022 from US$77.2 million in the same period of 2021. Non-GAAP operating expenses, defined as operating expenses excluding share-based compensation expenses, decreased by 21.1% to US$49.1 million in the second quarter of 2022 from US$62.2 million in the same period of 2021. Share-based compensation expenses in the second quarter of 2022 were US$17.2 million, compared to US$15.0 million in the same quarter of 2021.
- Research and development expenses in the second quarter of 2022 were US$37.2 million, down 12.7% from US$42.7 million in the same period of 2021, primarily because of a net decrease in employee-related costs (including, among other things, (a) a decrease in basic payroll and benefits, partially offset by (b) an increase in one-off additional headcount optimization costs and in share-based compensation) due to the strategic restructuring and streamlining of the Company's research and development team to drive operational efficiency and strike a balance between business growth and time-to-profitability. During this quarter, average salaried employee headcount of the Company's research and development team was down approximately 21.3% year over year, compared to the same quarter in last year.
- Sales and marketing expenses in the second quarter of 2022 were US$15.1 million, down 22.3% from US$19.4 million in the same period of 2021, primarily because of (i) the strategic streamlining of sales and marketing team, and (ii) the decrease in marketing spending due to the recurrence of the COVID-19 outbreak and the Company's efforts to control expenditure and improve sales and marketing efficiency.
- General and administrative expenses in the second quarter of 2022 were US$17.1 million, up 5.1% from US$16.3 million in the same period of 2021, primarily due to the increase in share-based compensation expenses from US$10.6 million to US$11.9 million.
- Other operating incomes in the second quarter of 2022 were US$3.2 million, primarily due to the receipt of a software VAT refund and various general subsidies for enterprises.
LOSS FROM OPERATIONS AND OPERATING MARGIN
Loss from operations in the second quarter of 2022 narrowed by 5.0% to US$39.5 million from US$41.5 million in the same period of 2021. Non-GAAP loss from operations in the second quarter of 2022 narrowed by 15.9% to US$22.3 million from US$26.5 million in the same period of 2021.
Operating margin in the second quarter of 2022 was negative 63.1%, down 14.1 percentage points from negative 49.0% in the same period of 2021. Non-GAAP operating margin in the second quarter of 2022 was negative 35.6%, down 4.3 percentage points from negative 31.3% in the same period of 2021. The changes in the operating margins were mainly attributed to the greater decline in total revenue despite a significantly narrowed operating loss.
NET LOSS AND NET MARGIN
Net loss was US$35.9 million in the second quarter of 2022, compared to US$38.1 million in the same period of 2021. Non-GAAP net loss was US$18.7 million in the second quarter of 2022, compared to US$23.1 million in the same period of 2021.
Net margin in the second quarter of 2022 was negative 57.3%, down 12.3 percentage points from negative 45.0% in the same period of 2021. Non-GAAP net margin in the second quarter of 2022 was negative 29.9%, down 2.6 percentage points from negative 27.3% in the same period of 2021.
BASIC AND DILUTED NET LOSS PER ADS
Basic and diluted net loss per American Depositary Share ("ADS") were US$0.07 in the second quarter of 2022, compared to US$0.07 in the same period of 2021. Each ADS represents one Class A ordinary share.
Non-GAAP basic and diluted net loss per ADS were US$0.03 in the second quarter of 2022, compared to US$0.04 in the same period of 2021.
CASH AND CASH EQUIVALENTS, AND SHORT-TERM INVESTMENTS
Cash and cash equivalents, and short-term investments were US$951.5 million as of June 30, 2022, which the Company believes is sufficient to meet its current liquidity and working capital needs.
NET CASH GENERATED IN OPERATING ACTIVITIES
Net cash generated in operating activities for the second quarter of 2022 was US$0.4 million, or 0.6% of total revenue, compared to US$5.8 million of net cash generated in operating activities, or 6.9% of total revenue in the second quarter of 2021. Compared to the first quarter of 2022, the Company's net operating cash flow in the second quarter of 2022 improved mainly due to the significant decrease in operating expenses, particularly employee-related costs, and working capital changes in the ordinary course of business.
SHARE REPURCHASE
During the quarter ended June 30, 2022, the Company repurchased approximately 11.2 million of ADSs representing the same number of Class A ordinary shares from the open market for a total consideration of approximately US$30.0 million pursuant to the share repurchase program announced on August 30, 2021.
DUAL-PRIMARY LISTING IN HONG KONG
On July 4, 2022, Eastern Time (July 5, 2022, Hong Kong Time), Tuya successfully listed its Class A ordinary shares on the Main Board of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") under the stock code "2391" and the stock short name is "TUYA-W" (the "Listing"). The Company issued 7,300,000 Class A ordinary shares in the Listing (no Class A ordinary shares issued during the stabilization period in connection with the global offering), and totally 578,546,560 ordinary shares were in issue immediately upon the Listing and after the end of stabilization period.
Business Outlook
The global consumer discretionary industry and consumer spending are expected to continue to face a range of challenges in the second half of 2022, including, among other things, a decline or weakness in general economic conditions, global high inflation, inventory backlog experienced by players such as smart device manufacturers, brands and retail channels in the supply chain, fluctuations in foreign exchange rates, geopolitical tensions and conflicts, and competitions brought by technology iteration to the IoT industry. Despite these challenges, the Company remains confident in its long-term growth prospects and stays committed to iterating its products and services, further enhancing its software and embedded hardware capabilities, expanding its customer base, diversifying revenue streams, and further optimizing operating efficiency.
Conference Call Information
The Company's management will hold a conference call at 8:00 P.M. U.S. Eastern Time on Monday, August 29, 2022 (8:00 A.M. Beijing/Hong Kong Time on Tuesday, August 30, 2022) to discuss the financial results. In advance of the conference call, all participants must use the following link to complete the online registration process. Upon registering, each participant will receive access details for this conference including a conference access code, a PIN number (personal access code), the dial-in number, and an e-mail with detailed instructions to join the conference call.
Online registration: https://www.netroadshow.com/events/login?show=54a7b9bf&confId=40423
The replay will be accessible through September 6, 2022 by dialing the following numbers:
A live and archived webcast of the conference call will also be available at the Company's investor relations website at https://ir.tuya.com.
About Tuya Inc.
Tuya Inc. (NYSE: TUYA; HKEX: 2391) is a global leading IoT cloud development platform with a mission to build an IoT developer ecosystem and enable everything to be smart. Tuya has pioneered a purpose-built IoT cloud development platform that delivers a full suite of offerings, including Platform-as-a-Service, or PaaS, and Software-as-a-Service, or SaaS, to businesses and developers. Through its IoT cloud development platform, Tuya has enabled developers to activate a vibrant IoT ecosystem of brands, OEMs, partners and end users to engage and communicate through a broad range of smart devices.
Use of Non-GAAP Financial Measures
In evaluating the business, the Company considers and uses non-GAAP measures, such as non- GAAP operating expenses, non-GAAP loss from operations (including non-GAAP operating margin), non-GAAP net loss (including non-GAAP net margin), and non-GAAP basic and diluted net loss per ADS, as supplemental measures to review and assess its operating performance. The presentation of non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP"). The Company defines non-GAAP measures excluding the impact of share-based compensation expenses from the respective GAAP measure. The Company presents the non-GAAP financial measure because it is used by the management to evaluate its operating performance and formulate business plans. The Company also believes that the use of the non-GAAP measures facilitates investors' assessment of its operating performance.
Non-GAAP measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. Non-GAAP financial measures have limitations as analytical tools. One of the key limitations of using the aforementioned non-GAAP measures is that they do not reflect all items of expenses that affect the Company's operations. Share-based compensation expenses have been and may continue to be incurred in the business and are not reflected in the presentation of non-GAAP measures. Further, the non-GAAP measure may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. The Company compensates for these limitations by reconciling the non-GAAP financial measures to the nearest U.S. GAAP performance measures, all of which should be considered when evaluating the Company's performance. The Company encourages you to review its financial information in its entirety and not rely on a single financial measure.
Reconciliations of Tuya's non-GAAP financial measures to the most comparable U.S. GAAP measures are included at the end of this press release.
Safe Harbor Statement
This press release contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company's beliefs, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "anticipate", "target", "aim", "estimate", "intend", "plan", "believe", "potential", "continue", "is/are likely to" or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the SEC. The forward-looking statements included in this press release are only made as of the date hereof, and the Company disclaims any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances, except as required by law. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty.
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SOURCE Tuya Inc. | https://www.mysuncoast.com/prnewswire/2022/08/29/tuya-reports-second-quarter-2022-unaudited-financial-results/ | 2022-08-29T22:05:59Z |
Limited-Edition Kits, Available 4/25 – 5/25 on Cocktail Courier, Infuse Authenticity into Cinco de Mayo Favorites by Pairing Cacique Foods Quesos with Curated Margaritas
LOS ANGELES, April 22, 2022 /PRNewswire/ -- Cacique, one of the country's top authentic Mexican food brands, is infusing authenticity into Cinco de Mayo favorites by partnering with celebrated Mexican American mixologist Erick Castro to launch "Queso and Cocktails" – a Cinco de Mayo fiesta in a box! The kits will be available for purchase (for those 21+) the weeks leading up to and two weeks after Cinco de Mayo through home cocktail delivery service, Cocktail Courier. The kits will retail for $169.99 and will be available from April 25 through May 25, 2022.
Cacique's limited edition "Queso and Cocktails" kits include three Cacique Quesos (cheeses) – Queso Blanco Queso Dip, Ranchero brand Queso Fresco and Oaxaca (pronounced Wah-HAH-kah) – as well as all the ingredients needed to shake up signature margaritas designed by Erick Castro to perfectly pair with each:
- "The "Blanco de Mayo" features tequila, lime juice, grapefruit juice, cinnamon syrup and angostura bitters and pairs beautifully with Cacique Queso Blanco Queso Dip – one of the brand's real cheese dips made with fresh, high-quality ingredients, and no artificial preservatives.
- The "Fresco-rita" features tequila, lemon juice, peach liqueur, orgeat and angostura bitters, which perfectly complements the milky, salty, fresh flavor of Cacique Ranchero brand Queso Fresco.
- The "WOAH-aca-rita" features tequila, mezcal, lime juice, pineapple juice, grenadine and orange bitters, which is a delicious combination with Cacique Oaxaca – a queso that's similar to mozzarella, but even meltier.
"When it comes to Cinco de Mayo, we know people want delicious queso and great margaritas and, as one of the country's top authentic Mexican food brands, we're committed to infusing authenticity into these favorites," said Gil de Cardenas, CEO at Cacique Foods LLC. "Along with Family, Quality & Integrity, Authenticity is one of the core values our company is built and operated upon. We're pleased to partner with Erick Castro, a Mexican American expert in mixology, to upgrade Cinco de Mayo fans' celebrations by combining three of our favorite quesos with the outstanding margaritas he designed for the occasion."
"I've enjoyed the staples of Mexican cuisine that Cacique Foods offered in my home my whole life, so I welcomed the opportunity to partner with the brand and shake something up that will take Cinco de Mayo celebrations to the next level," said Erick Castro, who spearheads groundbreaking cocktail programs at Raised by Wolves and Polite Provisions in San Diego and hosts the highly influential "Bartender at Large" podcast.
For more than 45 years, Cacique Foods has remained a family-owned company dedicated to producing the highest-quality authentic products, including Mexican cheeses, creams, chorizos, salsas and yogurts. To learn more about Cacique Foods and find delicious recipes to enjoy with the "Queso and Cocktails" kit offerings – such as enchiladas stuffed with Queso Fresco and tacos sprinkled with this fresh cheese, gooey quesadillas made with Oaxaca, and nachos topped with Queso Dip – visit www.CaciqueFoods.com.
About Cacique Foods LLC
Family-owned and founded in 1973 on the principles of Family, Quality, Integrity and Authenticity, Cacique Foods LLC is now one of the country's top Hispanic food brands - the #1 producer of Hispanic cheeses, creams, yogurts, chorizos and salsas in the United States. Today, Cacique Foods LLC remains dedicated to producing authentic, fresh and high-quality Hispanic products. For more information about Cacique Foods LLC's line of products, please visit www.CaciqueFoods.com or call (800) 521-6987.
About Cocktail Courier
Cocktail Courier offers a cocktail delivery service that includes all of the fresh ingredients and instructions needed to shake or stir professional quality cocktails in the comfort of your own home. Cocktail Courier eliminates recipe and ingredient hunting by sending you a pre-packed kit along with easy-to-follow, step-by-step instructions, turning you into a professional bartender in a matter of minutes, giving you access to some of the best cocktail recipes in the country. For more information about Cocktail Courier, please visit www.CocktailCourier.com.
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SOURCE Cacique Foods LLC | https://www.mysuncoast.com/prnewswire/2022/04/22/cacique-foods-llc-partners-with-renowned-mixologist-erick-castro-cocktail-courier-launch-queso-cocktails-kits-cinco-de-mayo/ | 2022-04-22T17:09:39Z |
TAMPA, Fla. (WFLA) — Four-time Super Bowl champion Rob “Gronk” Gronkowski is headed back into retirement.
The 33-year-old free agent tight end, who most recently played two seasons with the NFL’s Tampa Bay Buccaneers, announced on Instagram Tuesday that he is calling it a career.
“I want to thank the whole entire first class Buccaneers organization for an amazing ride, trusting me to come back to play and help build a championship team,” he wrote. “I will now be going back into my retirement home, walking away from football again with my head held high knowing I gave it everything I had, good or bad, every time I stepped out on the field.”
In the Instagram post announcing his retirement, Gronk recalled an assignment in college in which he wrote about his “dream opportunity” – and said he wrote about playing for the Buccaneers.
“So I wrote that I wanted to play in Tampa for the Tampa Bay Buccaneers, for many reasons, the sunny weather being #1. I completely forgot about writing this report until 2 years ago when I had the opportunity to join the Tampa Bay Buccaneers,” he said. “And let me tell ya, the journey in Tampa over the last 2 years has blown away what I originally wrote about in college, big time.”
This is Gronkowski’s second retirement. He initially called it quits after the 2018 NFL season, following eight years with the New England Patriots. He came out of retirement in 2020 to sign with the Buccaneers and join his old New England teammate, quarterback Tom Brady.
In Tampa, Gronk helped lead the Buccaneers to the franchise’s second Super Bowl championship. He played a total of 28 games for the Buccaneers and scored 13 touchdowns in his two seasons in Tampa.
As to what’s next, Gronkowski joked: “maybe sailing the seas… Arghhhhhh!!” | https://cw33.com/news/nexstar-media-wire/rob-gronkowski-announces-retirement/ | 2022-06-21T20:06:57Z |
Tarrant County residents’ frustrations with property tax appraisals boiled to the surface June 30 when so many people showed up that officials locked the doors to a public meeting.
A special meeting of the Tarrant Appraisal District’s Board of Directors was supposed to start at 9 a.m. But by 8:45 a.m., a line of people wanting to attend wrapped around the district’s offices at 2500 Handley Ederville Rd., Fort Worth. Several hundred had shown up to speak in support of Chandler Crouch, who says he is being targeted by the appraisal district for helping people protest their property taxes pro-bono. The boardroom had seating for only 14 members of the public.
Crouch, a real estate broker, said the appraisal board had “weaponized” the First Amendment.
“In a government building, when we have the constitutional right of free speech, the media should be let in and these guys are hiding inside behind the First Amendment in situations that actually don’t protect them,” he said.
Joe Larsen, a media attorney and a Freedom of Information Foundation of Texas board member, said the meeting was a violation of the Texas Open Meetings Act because a large majority of the public wanting to attend was not allowed in. When the board realized its meeting room was not large enough for the public, it should have recessed the meeting and rescheduled at a later date in a larger venue, he said.
Kelley Shannon, executive director of the foundation, said, “A government public meeting must be held in a place accessible to the public. So if they’re holding the meeting in a place where the doors are locked, and the public can’t even get in — that’s not OK.”
Appraisal district officials shut and locked the doors at 9 a.m. as the meeting started. No one was let in to wait inside the lobby. Officials later closed the blinds near the front doors to prevent people from taking photos and videos inside the lobby.
Several elderly residents and residents with disabilities said they had to ask staffers multiple times for seating to be brought outside to accommodate their needs.
Although a few chairs were brought out, Ricardo Aguilar, communications officer for the Tarrant Appraisal District, responded to people outside asking for chairs or to be let in from the heat by saying the appraisal district would call an ambulance if it came to that.
Gary Losada, a former Tarrant Appraisal District board member, said he was kicked out of the building and told to wait outside. Losada, who walks with a cane because of an upcoming hip surgery, said no accommodations were made.
“I went in the building, and they asked me to leave. They said that I had to wait in line. And I said, ‘I can’t stand’… And they said, ‘It doesn’t matter. No exceptions,’” Losada said. “There are some major issues going on. No. 1, you’re trying to silence people. No. 2, they’re not accommodating people according to the (Americans With) Disabilities Act. And they are not allowing people to participate in the meantime.”
Thursday’s controversy start-ed when Crouch, who has been helping people protest their appraisals free of charge for years, received a letter from the Texas Department of Licensing and Regulations about a series of complaints filed by Randy Armstrong, director of residential appraisal.
When Crouch brought this up to Chief Appraiser Jeff Law, Law said the complaints were not submitted on behalf of the appraisal district. The board also said it did not know about the complaints until Crouch brought them up at a June 10 meeting.
Losada served on the board of directors in November 2021 when Armstrong submitted the complaints to the Texas Department of Licensing and Regulations. Those complaints prompted Crouch and his supporters to say the governmental body was improperly targeting him.
Armstrong’s signing of the letter with his official title was “illegal” and a clear violation of the Texas Department of Licensing and Regulation rules, Losada said.
“I don’t know what they’re going to do about it. But the bottom line is, there’s a lot of people here that are upset about this, because this is clearly an attempt to silence a tax agent who represents people for free,” he said.
Sally Hoffman, a Mansfield resident, was at the front of the line and said people were physically pushed out of the lobby before the door was locked.
“If we don’t get to speak, we don’t get to speak, but there’s enough people seeing what’s going on and videoing it and everything. I think there’s going to be an outcry to the way the public is handled,” Hoffman said.
Speakers who had the chance to address the board repeatedly asked why a larger venue was not selected to accommodate the large number of people signed up for public comments.
The board members responded that they were not prepared for the crowd. Rich DeOtte, one of the board members, said the turnout at the meeting was “unprecedented.”
Kathryn Wilemon, chairwoman of the board, reiterated several times to speakers that board members decided to meet rapidly to discuss the letter sent by Crouch’s attorney, Frank Hill. That prevented them from getting a larger room, she said.
“We apologize to everyone who stood in line. It was beyond our control,” Wilemon said. “Someone said, ‘Well, you should have gotten a bigger place.’ You know, you don’t just order a bigger place overnight. And we want to address this immediately. We do not want to drag it out.”
Resident John Schletter said he hopes to see action from the board to discipline the appraisal district employee.
“Public officials can’t harass people that are standing up for citizens’ rights,” Schletter said.
George Dodson, Colleyville City Council member place 4, was among the Tarrant County residents present at the meeting. He said he plans to present a resolution to the Colleyville City Council about this matter.
“The situation basically, the entire organization has attacked one individual, and it’s not appropriate,” Dodson said.
After meeting for almost four hours, the board unanimously approved a motion to send a letter to the Texas Department of Licensing and Regulation distancing themselves from the complaints filed by Armstrong against Crouch.
However, Larsen, the media attorney, said any action taken during an illegally held public meeting would not be valid.
When asked if he was satisfied with the action taken by the board, Crouch said he respects the board and that the board “received the message.”
“The urgent thing was to try to get the board to do something before it got out in the media so we can avoid this,” Crouch said. “Now that we’re here, whatever pace they want to take, whatever criticism happens, it’s not up to me to determine. I just want everything to happen out in the open and let the people judge: ‘Are they doing a good job?’”
This story was originally published by the Fort Worth Report, a nonprofit news outlet, at www.fortworthreport.org. | https://www.tdtnews.com/news/article_afa5e6b0-fffc-11ec-bd3e-a71d6bdffdfe.html | 2022-07-10T04:37:14Z |
Silo-Cashion Baseball State Semifinals
Published: May. 13, 2022 at 7:41 PM CDT|Updated: 44 minutes ago
Silo-Cashion Baseball State Semifinals
Copyright 2022 KXII. All rights reserved.
Silo-Cashion Baseball State Semifinals
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/05/14/silo-cashion-baseball-state-semifinals/ | 2022-05-14T01:25:39Z |
The DICK'S Sporting Goods Foundation partners with basketball stars Kahleah Copper, Allie Quigley, and legend Scottie Pippen to support youth athletes; commits $500,000 to DonorsChoose's Equity Focus initiative
CHICAGO, Aug. 3, 2022 /PRNewswire/ -- The DICK'S Sporting Goods Foundation's Sports Matter Giving Truck is making its next stop on August 4 in Chicago, gifting 10,000 youth athletes with sports equipment and hosting over 700 kids for Sports Matter Day. Now on its sixth tour, The Sports Matter Giving Truck inspires and enables youth sports participation by gifting sports equipment kits, hosting team building and goal setting activities, and providing youth athletes an opportunity to try a variety of sports. Basketball legend Scottie Pippen and current stars Kahleah Copper and Allie Quigley are partnering with The DICK'S Foundation to coach, mentor and play with kids at the event.
"Sports Matter Day is one of our proudest initiatives because you can see the tangible impact it has on children and the participating organizations," said Aimee Watters, Executive Director of The DICK'S Sporting Goods Foundation. "Beyond creating an unforgettable experience, Sports Matter Day is foundational to kids' future involvement in sports. The equipment they receive now will empower them to stay involved with the sports they love in the future."
In partnership with Good Sports, The DICK'S Foundation identified 32 youth sports organizations in the Chicago area to provide 10,000 youth athletes with a sports equipment kit including water bottles, apparel, and sports-specific training gear so they can participate in the sport they love most.
While #SportsMatterDay aims to strengthen the bond kids have with athletics, The DICK'S Foundation also recognizes the pivotal role education has in the lives of young student-athletes.
In a commitment to support the "student" pillar of student-athletes, The DICK'S Sporting Goods Foundation is also continuing their partnership with DonorsChoose:
- DonorsChoose: Starting August 4, The DICK'S Sporting Goods Foundation is contributing $500,000 to double donations to every team sports project at Equity Focus Schools, supporting racial equity in school sports. This means, for example, that every $20 donation to qualifying projects will become $40 for those teams in need. Since 2015, The DICK'S Sporting Goods Foundation has partnered with DonorsChoose to help student athletes at more than 5,700 schools across all 50 states stay involved in sports with more than $12.8 million in donations. For more information on the DonorsChoose Equity Focus initiative, please visit DonorsChoose.org/equity-focus.
Since 2014, DICK'S and The DICK'S Sporting Goods Foundation have committed more than $189 million to support young athletes. Sports Matter raises awareness for the youth sports funding crisis as the fight to save youth sports continues across the U.S. The first Sports Matter tour began in 2020 and since then, more than 65,000 gifts of sports equipment has been gifted to youth across the country.
For more information on how your team can apply for funding or to donate to Sports Matter, please visit SportsMatter.org.
About DICK'S Sporting Goods
DICK'S Sporting Goods (NYSE: DKS) creates confidence and excitement by personally equipping all athletes to achieve their dreams. Founded in 1948 and headquartered in Pittsburgh, the leading omnichannel retailer serves athletes and outdoor enthusiasts in more than 850 DICK'S Sporting Goods, Golf Galaxy, Field & Stream, Public Lands, Going Going Gone! and Warehouse Sale stores, online, and through the DICK'S mobile app. DICK'S also owns and operates DICK'S House of Sport and Golf Galaxy Performance Center, as well as GameChanger, a youth sports mobile app for scheduling, communications, live scorekeeping and video streaming.
Driven by its belief that sports make people better, DICK'S has been a longtime champion for youth sports and, together with its Foundation, has donated millions of dollars to support under-resourced teams and athletes through the Sports Matter program and other community-based initiatives. Additional information about DICK'S business, corporate giving, sustainability efforts and employment opportunities can be found on dicks.com, investors.dicks.com, sportsmatter.org, dickssportinggoods.jobs and on Facebook, Twitter and Instagram.
About The DICK'S Sporting Goods Foundation
The DICK'S Sporting Goods Foundation is a tax exempt 501(c)(3) nonprofit corporation with a mission to inspire and enable sports participation. It was created by DICK'S Sporting Goods as a private corporate foundation to support DICK'S charitable and philanthropic activities. Driven by its belief that sports make people better, The DICK'S Foundation champions youth sports and provides grants and support to under-resourced teams and athletes through its Sports Matter program and other community-based initiatives. Additional information about The DICK'S Foundation can be found on sportsmatter.org and on Facebook, Twitter and Instagram.
Contact: DICK'S Sporting Goods – press@dcsg.com
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SOURCE DICK’S Sporting Goods, Inc. | https://www.mysuncoast.com/prnewswire/2022/08/03/dicks-sporting-goods-foundation-celebrates-sports-matter-day-chicago-by-donating-equipment-10000-youth-athletes/ | 2022-08-03T14:43:52Z |
AUSTIN (KXAN) – A baby, who was considered a micro-preemie after being born 23 weeks into development and weighing only 1 pound, 5 ounces, has returned home after five months at the hospital. The infant was born at Ascension Seton Medical Center Austin in January.
Amandi Omokore-Allen spent more than five months in the neonatal intensive care unit, according to Pediatrix Neonatology of Texas.
“Amandi had a long journey ahead of him but has defied all odds and graduated from the neonatal intensive care unit (NICU) this summer,” Pediatrix said.
Amandi was born a week after his twin brother passed away in utero after test results showed the amniotic sac surrounding the infant had broken open and was slowly leaking.
Tolulope, Amandi’s mom, received medications to help delay labor, but he was born Jan. 10 and spent the next 155 days in the NICU.
“Amandi was quite ill in the beginning,” Pediatrix said. “Initially, he was on a ventilator, and he had pneumothorax, requiring a chest tube. He also had some feeding intolerance in need of continuous gavage feeds, he developed pneumonia about six weeks in and he had a pulmonary hemorrhage.”
But despite it all, Amandi continued to grow and thrive. Amandi is now six months old, and he weighs more than 14 pounds.
“Looking at him, one would never imagine he came into the world so tiny and ill,” Pediatrix said. | https://cw33.com/news/texas/photos-micro-preemie-baby-returns-home-after-5-months-in-nicu-at-austin-hospital/ | 2022-09-03T16:52:05Z |
WASHINGTON, July 11, 2022 /PRNewswire/ -- Wounded Warrior Project® (WWP) today announced community partnership grants to 28 organizations as part of its ongoing effort to support and build a network of best-in-class military and veterans service organizations. WWP's support of these new and returning partners helps expand the life-changing resources and programs available to America's wounded veterans and their families.
Learn more about WWP's community partnerships.
"Wounded Warrior Project understands the needs of wounded veterans, service members, caregivers, and military families are growing, and that no single organization can meet these challenges alone," said WWP CEO Lt. Gen. (Ret.) Mike Linnington. "By working together with others, we can create a truly integrated and collaborative ecosystem of support, ensuring the military and veteran community is able to thrive long term."
The investment of more than $5.9 million will complement WWP's programs and services by supporting organizations that focus on:
- brain and mental health
- suicide prevention
- whole health and wellness
- financial wellness
- family resiliency and connection opportunities for warriors and their families
The organizations receiving grants include:
- Code of Support Foundation
- The COMMIT Foundation
- Dog Tag Inc.
- Eisenhower Center
- EOD Warrior Foundation
- Gold Star Peak
- Green Beret Foundation
- Homes For Our Troops
- Hope For The Warriors
- Navy SEAL Foundation
- Operation Healing Forces
- Soldiers To Sidelines
- The Honor Foundation
- Travis Manion Foundation
- Vail Veterans Program
- Veterans of Foreign Wars
- Vets4Warriors
- Warrior Canine Connection
As part of WWP's commitment to the Hidden Helpers Coalition, a portion of this funding also supports organizations serving children and youth caregivers of wounded, ill, and injured service members and veterans. WWP, along with Elizabeth Dole Foundation, is a proud co-chair of the Hidden Helpers Coalition, a groundbreaking and collaborative network of over 60 organizations committed to supporting our nation's youngest military caregivers. WWP announced a new $1.5 million fund dedicated to this initiative during a Hidden Helpers Coalition event at the White House in 2021.
These organizations receiving grants include:
- American Red Cross
- Armed Services YMCA
- Cohen Veterans Network
- Elizabeth Dole Foundation
- Kids Rank
- Military Child Education Coalition
- Military Family Advisory Network
- National Military Family Association
- Our Military Kids
- PsychArmor
Since 2012, WWP has partnered with and supported 212 organizations that assist wounded veterans and families at the local and national level, connecting them with the resources they need to thrive in civilian life.
About Wounded Warrior Project
Since 2003, Wounded Warrior Project® (WWP) has been meeting the growing needs of warriors, their families, and caregivers — helping them achieve their highest ambition. Learn more.
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SOURCE Wounded Warrior Project | https://www.wibw.com/prnewswire/2022/07/11/wounded-warrior-project-announces-latest-grants-support-veterans-service-organization-partners/ | 2022-07-11T13:11:37Z |
PHOENIX, April 27, 2022 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation solutions, marked the beginning of its commercial serial truck production of the Nikola Tre BEV (battery-electric vehicle), with a special ceremony today in Coolidge, Arizona. The event featured remarks from Nikola executives and Arizona Governor Doug Ducey and was attended by fleet customers, government officials, and Phoenix business leaders.
"We began production of the Tre BEV on March 21 here in Coolidge and today we're celebrating this milestone and the initial shipments of trucks to our customers," said Mark Russell, Nikola's Chief Executive Officer. "In 2022, we're moving forward with every aspect of our business. Next year, fuel-cell electric vehicles (FCEV) are planned to be added to the manufacturing mix. We are focused on delivering vehicles and generating revenue."
"Nikola has become a driving force in Arizona's rapidly expanding electric vehicle industry," said Governor Ducey. "Watching this innovative company grow and put down roots in Arizona has been truly incredible, and I know it's only getting started. With the beginning of production at this manufacturing facility, Nikola is clearly in the driver's seat of the future of transportation and commerce. Thank you to the entire Nikola team, Sandra Watson and the Arizona Commerce Authority, our partners at the legislature and local leaders for supporting this phenomenal project."
Phase 1 of the Coolidge, Arizona manufacturing facility provides Nikola with a production capacity of 2,500 trucks. Construction of the Phase 2 assembly expansion area has begun and is expected to be completed in 2023 with a production capacity of up to 20,000-trucks per year on two shifts.
"With our world class universities and community colleges, Arizona has some of the best engineering and manufacturing talent in the country," said Sandra Watson, President and CEO of the Arizona Commerce Authority. "Nikola not only is a top employer in the region, they are attracting top tier suppliers to further grow Arizona's robust electric vehicle supply chain. We are incredibly grateful to the entire Nikola team for choosing Arizona to help meet their vision and we are excited for the company's bright future."
On December 17, 2021, Nikola delivered the first two Nikola Tre BEVs to TTSI.
On January 24, 2022, Nikola began FCEV pilot operations with Anheuser-Busch. Two Nikola Tre FCEV alphas are undergoing a pilot in daily service within the brewer's Southern California distribution network.
Nikola's Ulm, Germany manufacturing facility on IVECO's industrial complex is also complete. The facility is capable of a production capacity of 2,000 trucks per year and is expandable up to 10,000 trucks per year.
About Nikola Corporation
Nikola Corporation is globally transforming the transportation industry. As a designer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona. For more information, visit www.nikolamotor.com or Twitter @nikolamotor.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of federal securities laws with respect to Nikola Corporation (the "Company"), including statements relating to the Company's future performance and milestones; expected timing of manufacturing facility buildout and production capacity; timing of completion of testing, production, as well as other milestones; expectations regarding the trucks' uses and impact; expectations regarding the Company's sales and service network; and terms and potential benefits of the planned collaborations with its strategic partners. These forward-looking statements generally are identified by words such as "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: design and manufacturing changes and delays, including global shortages in parts and materials; general economic, financial, legal, regulatory, political and business conditions and changes in domestic and foreign markets; the potential effects of COVID-19; the outcome of legal, regulatory and judicial proceedings to which the Company is, or may become a party; demand for and customer acceptance of the Company's trucks; the results of customer pilot testing; the execution and terms of definitive agreements; risks associated with development and testing of fuel-cell power modules and hydrogen storage systems; risks related to the rollout of the Company's business and the timing of expected business milestones; the effects of competition on the Company's future business; the availability of and need for capital; and the factors, risks and uncertainties regarding the Company's business described in the "Risk Factors" section of the Company's annual report on Form 10-K for the year ended December 31, 2021 filed with the SEC, in addition to the Company's subsequent filings with the SEC. These filings identify and address other important risks and uncertainties that could cause the Company's actual events andener results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
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SOURCE Nikola Corporation | https://www.kxii.com/prnewswire/2022/04/27/nikola-corporation-celebrates-customer-launch-serial-production-coolidge-arizona/ | 2022-04-27T23:22:50Z |
Inspire Advisors celebrates their 3rd advisor transition this year who desires to center their practice around their faith
BOISE METRO, Idaho,, June 6, 2022 /PRNewswire/ -- "Seek the Kingdom of God above all else, and live righteously, and he will give you everything you need" (Matthew 6:33 NLT). This bible verse was quoted when Inspire Advisors, a Christian-focused registered investment advisor, asked its newest recruit, Matthew Cunningham, why he transitioned from a major firm. Hailing from Baker City, Oregon, Matthew has 22 years of experience and manages $40M in client assets.
The transition journey for Cunningham started back in 2017 when his youngest son was miraculously brought back to life after being unresponsive from drowning in a nearby pond. "It would have destroyed us all if he had died, but God answered a hopeless prayer from a desperate father and mother," said Cunningham. "We were already devoted to God when this all happened, but I had never seen an honest-to-goodness miracle before that. From that moment, I knew I didn't want to only work for money anymore. I wanted to work for a greater purpose with a mission I believe in, and Inspire Advisors gives us that chance."
In an interesting discovery, Cunningham realized that while his clients' greatest needs revolve around being encouraged through a relationship with him, he himself did not have any relationships at his previous firm. "This really hit me when I wanted to submit my resignation letter after nearly 18 years, I had no idea who to submit it to." Cunningham continued, "I have already made more profound friendships at Inspire, even prior to officially joining the firm, and now have access to the tools needed to further the ministry of biblically responsible investing in my practice. My clients need reason for hope amid a barrage of bad news and now I can share the hope of Christ with them with a team supporting me in prayer."
"The lack of meaningful and supportive relationships in the workplace is no longer something that can be ignored," commented Robert Netzly, CEO of Inspire Advisors. "The pandemic lockdowns showed the world how important relationships and human interaction are to thrive in life. God created us to live interdependently on each other in community where trust, love, and peace, govern our interactions and this is the exact environment we strive to create at Inspire Advisors. We're proud to welcome Matt to our advisor family and look forward to supporting him as he serves his clients."
Cunningham grew up in the Puget Sound area, learning the investment business from his father, Richard. In 2021 his father passed away and Matt wanted to continue the tradition of keeping the practice in the family. He hired two of his sons (Johnathan and Shane) to continue what has become the family business. He credits his father and mother for instilling in him a strong love of God and Country.
Inspire Advisors is the wealth management division of the Inspire Investing family of companies, an enterprise with $1.98 billion in assets under management (as of 3/31/22), ranked as the third fastest growing investment firm in the nation in the Financial Advisor Magazine annual report two years in a row, and top-quartile member of the Inc. 5000 list of fastest growing private companies in the United States.
The Inspire Advisors platform is purpose-built from the ground up to support Christian financial advisors who want to run their practices with diligent biblically responsible investing (BRI) alignment, a growing conviction among financial advisors and their clients.
Christian financial advisors interested in exploring a relationship with Inspire Advisors can email inspire@inspireadvisors.com or visit www.inspireadvisors.com to learn more.
*Disclaimer: Investment advisory services offered through Inspire Advisors, LLC and Inspire Investing, LLC, both being Registered Investment Advisors with the SEC. Inspire Investing, LLC and Inspire Advisors, LLC are affiliates.
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SOURCE Inspire Investing | https://www.mysuncoast.com/prnewswire/2022/06/06/inspire-advisors-welcomes-financial-advisor-managing-over-40-million-client-assets-oregon/ | 2022-06-06T09:32:45Z |
Lower breakpoints expected to save over $20 million for investors in first year
LOS ANGELES, May 2, 2022 /PRNewswire/ -- Capital Group, home of American Funds, is reducing fees on 18 funds by revising initial fee breakpoints. The change applies to funds with current assets of less than $15 billion, resulting in a potential for over $20 million in savings for investors within the first year of the change.
Capital Group has a history of being a low-cost active manager. As of May 1, 93 percent of the company's fund management fees are expected to sit in the lowest quintile of fees within its peer group, versus 84 percent as of March 31, 2022¹.
"Over the past several years, our business has continued to grow as more and more investors appreciate the value our global team of investment professionals brings to our strategies," said Mike Gitlin, member, Capital Group management committee. "At Capital, we have a long history of sharing the benefits of scale with our fund shareholders through lower fees. Small differences in investment outcomes – just a few basis points – can compound over a lifetime and drive vastly different experiences for people."
Many of the funds positively affected by this change are Capital Group's fixed income funds. Fixed income continues to be a strong growth area for Capital Group with assets under management more than doubling in the last five years and now just shy of $500B. Of the 11 fixed income funds with five year track records that will see lower fees, 9 are in the top two quartiles for results (or 82%). American Funds Multi-sector Income Fund, Capital Group's newest bond fund which will also see lower fees, has a three year track record with results in the highest quartile. A total of 12 bond funds will experience reduced fees.
Funds affected by this change include:
"Every day we think about how we can achieve superior investment results for our clients over the long-term," said Gitlin. "Consistent active management and lowering fees on our smaller mutual funds both help us deliver on our commitment."
About Capital Group
Capital Group, home of the American Funds, has been singularly focused on delivering superior results for long-term investors using high-conviction portfolios, rigorous research and individual accountability since 1931.
As of December 31, 2021, Capital Group manages more than $2.7 trillion in equity and fixed income assets for millions of individual and institutional investors around the world. Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed income investment professionals provide fixed income research and investment management across the Capital organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.
For more information, visit capitalgroup.com.
Media Contact:
Hannah Coan, Capital Group
Hannah.Coan@capgroup.com
Tel: (213) 615-5199
Sarah Christiansen, Capital Group
Sarah.Christiansen@capgroup.com
Tel: (213) 615-3052
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.
Statements attributed to an individual represent the opinions of that individual as of the date published and do not necessarily reflect the opinions of Capital Group or its affiliates. This information is intended to highlight issues and should not be considered advice, an endorsement or a recommendation.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
Use of this website is intended for U.S. residents only.
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This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.
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© 2022 Capital Group. All rights reserved.
333 S. Hope Street, Los Angeles, CA 90071 USA
- Management fee rank totals are for American Funds, American Funds Insurance Series Funds, and Capital Group Emerging Markets Growth Fund. Fee rank totals are based on each fund's Morningstar category; exclude index funds and funds of funds; and are filtered for the least expensive share class per offering as of 3/31/2022. American Funds Insurance Series Funds ranks utilize the net management fee, including any disclosed management fee waivers in the prospectus. For more information on each fund's fees, see the latest prospectus.
- As of May 1, 2022.
- As of each fund's prospectus available at the time of publication.
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SOURCE Capital Group Companies | https://www.wibw.com/prnewswire/2022/05/02/capital-group-lowers-fees-18-funds/ | 2022-05-02T11:44:50Z |
Investor call scheduled on Thursday, April 28, 2022 at 4:30 p.m. ET
LOS ANGELES, April 22, 2022 /PRNewswire/ -- B. Riley Financial, Inc. (NASDAQ: RILY), a diversified financial services company, today announced it will hold an investor call to discuss results for the first quarter of 2022 on Thursday, April 28, 2022 at 4:30 p.m. Eastern (1:30 p.m. Pacific).
B. Riley will issue its first quarter 2022 earnings release shortly after market close and prior to the call.
Bryant Riley and Tom Kelleher, Co-Chief Executive Officers, and Phillip Ahn, CFO and COO, will host the conference call followed by a question-and-answer period.
Investors may access the live broadcast and archived recording at https://ir.brileyfin.com/events-and-presentations.
For more information, visit our investor relations website at https://ir.brileyfin.com.
About B. Riley Financial
B. Riley Financial provides collaborative solutions tailored to fit the capital raising and business advisory needs of its clients and partners. B. Riley operates through several subsidiaries that offer a diverse range of complementary end-to-end capabilities spanning investment banking and institutional brokerage, private wealth and investment management, financial consulting, corporate restructuring, operations management, risk and compliance, due diligence, forensic accounting, litigation support, appraisal and valuation, auction, and liquidation services. For more information, please visit www.brileyfin.com.
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SOURCE B. Riley Financial | https://www.wibw.com/prnewswire/2022/04/22/b-riley-financial-release-first-quarter-2022-results-april-28-2022/ | 2022-04-22T19:25:04Z |
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