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Woman charged after trash, human feces found throughout home with 3 children, police say
FAIRMONT, W.Va (WDTV/Gray News) – A woman has been charged after officers said they found three dirty children in her home that was littered with trash, spoiled food and human feces.
According to a criminal complaint, officers responded to the home on Aug. 5 for a well-being check, where they found a 1-year-old and a 13-year-old in the home with no supervision.
In the home, officers said there was “massive clutter of garbage and decaying food throughout the house, human fecal matter on the floors, and hundreds of flies throughout the house and kitchen.”
Both children were “extremely dirty,” and officers said the 1-year-old had on a diaper that was “so soiled it appeared to have not been changed for at least several days.”
A third child who arrived at the home with 43-year-old Jenny Taylor also said he lived there.
Taylor has been charged with three counts of child neglect. She is being held at North Central Regional Jail on a $50,012 bond.
Copyright 2022 Gray Media Group, Inc. All rights reserved.
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https://www.mysuncoast.com/2022/08/23/woman-charged-after-trash-human-feces-found-throughout-home-with-3-children-police-say/
| 2022-08-23T16:26:36Z
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The compound in psychedelic mushrooms helped heavy drinkers cut back or quit entirely in the most rigorous test of psilocybin for alcoholism.
More research is needed to see if the effect lasts and whether it works in a larger study. Many who took a dummy drug instead of psilocybin also succeeded in drinking less, likely because all study participants were highly motivated and received talk therapy.
Psilocybin, found in several species of mushrooms, can cause hours of vivid hallucinations. Indigenous people have used it in healing rituals and scientists are exploring whether it can ease depression or help longtime smokers quit. It’s illegal in the U.S., though Oregon and several cities have decriminalized it. Starting next year, Oregon will allow its supervised use by licensed facilitators.
The new research, published Aug. 24 in JAMA Psychiatry, is “the first modern, rigorous, controlled trial” of whether it can also help people struggling with alcohol, said Fred Barrett, a Johns Hopkins University neuroscientist who wasn’t involved in the study.
In the study, 93 patients took a capsule containing psilocybin or a dummy medicine, lay on a couch, their eyes covered, and listened to recorded music through headphones. They received two such sessions, one month apart, and 12 sessions of talk therapy.
During the eight months after their first dosing session, patients taking psilocybin did better than the other group, drinking heavily on about 1 in 10 days on average vs. about 1 in 4 days for the dummy pill group. Almost half who took psilocybin stopped drinking entirely compared with 24% of the control group.
Only three conventional drugs — disulfiram, naltrexone and acamprosate — are approved to treat alcohol use disorder and there’s been no new drug approvals in nearly 20 years.
While it’s not known exactly how psilocybin works in the brain, researchers believe it increases connections and, at least temporarily, changes the way the brain organizes itself.
“More parts of the brain are talking to more parts of the brain,” said Dr. Michael Bogenschutz, director of the NYU Langone Center for Psychedelic Medicine, who led the research.
Less is known about how enduring those new connections might be. In theory, combined with talk therapy, people might be able to break bad habits and adopt new attitudes more easily.
“There’s a possibility of really shifting in a relatively permanent way the functional organization of the brain,” Bogenschutz said.
Patients described life-changing insights that gave them lasting inspiration, Bogenschutz said.
Mary Beth Orr, 69, of Burien, Washington, said her psilocybin-induced hallucinations — flying over breathtaking landscapes and merging telepathically with creative people throughout history — taught her she wasn’t alone.
Before enrolling in the study in 2018, Orr had five or six drinks every evening and more on weekends.
“The quantity was unacceptable and yet I couldn’t stop,” she said. “There was no off switch that I could access.”
During her first psilocybin experience, she saw a vision of her late father, who gave her a pair of eagle eyes and said, “Go.” She told the therapists monitoring her: “These eagle eyes can’t see God’s face, but they know where it is.”
She stopped drinking entirely for two years, and now has an occasional glass of wine. More than the talk therapy, she credits psilocybin.
“It made alcohol irrelevant and uninteresting to me,” Orr said. Now, “I am tethered to my children and my loved ones in a way that just precludes the desire to be alone with alcohol.”
Patients receiving psilocybin had more headaches, nausea and anxiety than those getting the dummy drug. One person reported thoughts of suicide during a psilocybin session.
In an experiment like this, it’s important that patients don’t know or guess if they got the psilocybin or the dummy drug. To try to achieve this, the researchers chose a generic antihistamine with some psychoactive effects as the placebo.
Still, most patients in the study correctly guessed whether they got the psilocybin or the dummy pill.
Paul Mavis couldn’t guess. The 61-year-old from Wilton, Connecticut, got the placebo, but still quit drinking. For one thing, the talk therapy helped, suggesting to him that his emotional life stalled at age 15 when he started drinking to feel numb.
And he described a life-changing moment during a session where he was taking the dummy drug: He imagined the death of a loved one. Suddenly, an intense, incapacitating grief overcame him.
“I was crying, which isn’t typical for me. I was sweating. I was bereft,” he said. “As I’m trying to reconcile this grief, like, why am I feeling this?
“Instantly, I thought, ‘Drinking equals death.’” He said he hasn’t had a drink since.
Dr. Mark Willenbring, former director of treatment research at the National Institute for Alcohol Abuse and Alcoholism, said more research is needed before psilocybin can be considered an effective addition to talk therapy.
He noted that talking with a therapist helped both groups — those who got psilocybin and those who didn’t — and the added benefit of psilocybin appeared to wear off over time.
“It’s tantalizing, absolutely,” Willenbring said. “Is more research required? Yes. Is it ready for prime time? No.”
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https://www.tdtnews.com/life/health_and_fitness/article_37b3ba34-27a1-11ed-bb1c-27bc384eaf5c.html
| 2022-08-30T10:10:20Z
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Max Verstappen wins inaugural Miami Grand Prix in front of star-studded crowd
By George Ramsay, CNN
Max Verstappen won the inaugural Miami Grand Prix on Sunday ahead of championship leader Charles Leclerc.
The victory cut Leclerc’s lead over Verstappen to 19 points in the championship, while the Monegasque’s Ferrari teammate Carlos Sainz completed the podium.
Verstappen got off to a fast start at the Hard Rock Stadium — which staged the first of two races in the United States this season — as he overtook Sainz at turn one.
He then started to close the gap on Leclerc and passed his rival on lap nine — an advantage he would maintain for the remainder of the race.
READ: Miami GP is going to be F1’s Super Bowl, Lewis Hamilton tells Tom Brady
“It’s a very good comeback,” said Verstappen.
“I didn’t even do a [practice] start, so I didn’t know what to expect in the actual start. But we had a good launch and I saw the opportunity to go around the outside [of Sainz] in turn one, so I tried. Luckily, it worked.”
There was a star-studded crowd in the paddock for Miami’s first Formula One race, including Tom Brady, David Beckham and Michael Jordan, who all posed for a photo together alongside seven-time F1 champion Lewis Hamilton.
Serena and Venus Williams were also in attendance, as were musicians Will.i.am, Pharrell Williams and DJ Khaled.
The race comes amid F1’s continued expansion in the US following the success of the “Drive to Survive” Netflix series.
A third American race in Las Vegas will be added to the calendar from next season, joining Miami and Austin.
Verstappen’s third victory of the season was hard fought, even though he led for the majority of the race. A crash between Pierre Gasly and Lando Norris on Lap 41 triggered the safety car, and when racing resumed on lap 47, Leclerc pushed hard to retake the lead.
But despite getting to within half a second of his rival, Leclerc had to satisfy himself with second place as he improved his championship tally to 104 points.
“At the safety car restart on the hard [tires], we were very strong, but four or five laps, they [Red Bull] seemed to stabilize the tires in a better window and there they are just quicker than us,” said Leclerc.
Red Bull’s Sergio Perez finished fourth, ahead of the Mercedes pair of George Russell and Lewis Hamilton.
The F1 season continues on May 22 when Barcelona hosts the Spanish Grand Prix.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
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https://localnews8.com/sports/cnn-sports/2022/05/09/max-verstappen-wins-inaugural-miami-grand-prix-in-front-of-star-studded-crowd/
| 2022-05-09T13:10:09Z
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MESA, Ariz., June 16, 2022 /PRNewswire/ - 24-7 Intouch, a global leader in contact center technology solutions, has won the 2022 Best of Mesa Award in the Stores category by the Mesa Award Program.
The Mesa Award Program is an annual awards program that honors the achievements and accomplishments of the best of local businesses in the Mesa, Arizona area.
24-7 Intouch first opened its doors in Mesa in 2015, and has completed multiple development projects in the location that has revitalized the surrounding business community. The Company remains one of the largest employers in the Mesa area.
"We are honored and very proud to receive this award from the City of Mesa," said Francesca Bower, Mesa/Phoenix Campus Director for 24-7 Intouch. "All of our employees work so hard to give back to the community, whether it's through the great customer service they provide every day, or through their time and dedication they give by supporting our non-profit organization partners."
24-7 Intouch has dedicated itself to become an integral part of the community of Mesa. The company has been a long-standing member of the Mesa Chamber of Commerce and has also created a successful partnership with the Mesa Police Department along with small business committees to keep Mesa a great place to work.
The Company also has a strong volunteer committee at the Mesa campus, contributing over 1,000 volunteer hours to the community on a yearly basis. This year alone, the Mesa campus has totalled over 150 hours of service. It is highly engaged with a variety of non-profit organizations such as Child Crisis Center, Boys Hope Girls Hope, Feed My Starving Children, and St. Mary's Food Bank among others.
"As a global company, our focus is to immerse ourselves in the communities we are a part of," said Jason Rosser, Executive Vice President and Head of Global Campus Services for 24-7 Intouch. "This award won by our Mesa campus shows our team's investment in making a positive impact on the community they call home.
This recognition comes after 24-7 Intouch was named by Forbes as one of America's Best Employers for Diversity and America's Best Large Employers for 2022.
The winners in each category of the Best of Mesa Awards are selected based on information gathered by the Mesa Award Program and data provided by third parties. The companies identified for the Mesa Award Program enhance the positive image of small business through service to their customers and the community of Mesa.
24-7 Intouch is a global customer care and technology company that provides value-driven, future-forward solutions. For over 20 years, we have set a new standard by immersing ourselves in your world to deliver exceptional results. Our customizable customer care platform uses insights and analytics to build loyalty and increase revenue for our client partners. 24-7 Intouch takes pride in developing top to bottom brand alignment on all our programs.
For more on our culture, follow the link to Our Story - https://wi.st/3mJQDVW
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SOURCE 24-7 Intouch
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https://www.wibw.com/prnewswire/2022/06/16/24-7-intouch-wins-2022-best-mesa-award/
| 2022-06-16T12:44:20Z
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LIDKÖPING, Sweden, Sept. 8, 2022 /PRNewswire/ -- Handheld Group, a leading manufacturer of rugged mobile computers, today announced the release of the all-new Algiz RT10, an ultra-rugged 10-inch Android tablet that combines state-of-the-art design and performance with future-proof technology that will maintain its versatile utility through its entire life cycle.
To view the Multimedia News Release, please click:
https://www.multivu.com/players/uk/9083551-handheld-launches-all-new-algiz-rt10-ultra-rugged-android-tablet/
The new Algiz RT10 is ultra-rugged and durable, with an IP67 rating and the ability to withstand water, dust, shock and extreme temperatures. Yet it's slim and lightweight, with a high-res 10-inch touchscreen and among the lightest in its class at 980 grams (2.2 lb). With a powerful Qualcomm® Snapdragon 5G platform and Android 11 operating system (OS), it delivers enterprise functionality for mobile field workers. And the powerful processor with future-proof 5G functionality will remain cutting-edge for years. Plus, the durable design boosts the device's sustainability and environmental impact.
The Algiz RT10 breaks new ground in the rugged handheld field in multiple ways. The 5G functionality allows live video streaming in the field, and Android Enterprise Recommended (AER) validated by Google puts it on a shortlist of qualified, enterprise-focused devices. It has enhanced security features including biometric (fingerprint) ID, and the MaxGo mobile device management (MDM) software enables custom settings across all devices in a field network.
Other pertinent features of the Algiz RT10 ultra-rugged tablet:
- High-resolution, sunlight-readable 10-inch touchscreen with super-hardened glass and rain-and-glove mode.
- Google GMS for Play Store and Google Maps access.
- 5G, 4G/LTE high-speed data, Wi-Fi, BT and NFC.
- Built-in u-blox NEO M8U chipset for GNSS location data using GPS, GLONASS, Galileo, QZSS and BeiDou.
- 13-megapixel rear-facing and 5-megapixel front-facing cameras.
- Full-day, user-replaceable battery.
- Optional scanner and integrated UHF, in addition to built-in expandability.
- Accessories including carrying cases and vehicle docks with GPS and Wi-Fi antenna pass-through.
"The Algiz RT10 Android tablet is the best combination of portable design, field ruggedness and technology capabilities available in an enterprise-level mobile computer," says Johan Hed, Handheld director of product management. "It provides true mobility, and it's the perfect choice for businesses that need a flexible solution in any type of vehicle."
Helpful links
Algiz RT10 product page
Watch the video
Algiz RT10 product accessories
Algiz RT10 at upcoming tradeshows
Press images
About Handheld
The Handheld Group is a manufacturer of rugged mobile computers, PDAs and tablets. Handheld and its partners worldwide deliver complete mobility solutions to businesses in industries such as geomatics, logistics, forestry, public transportation, utilities, construction, maintenance, mining, military and security. The Handheld Group of Sweden has local offices in Finland, the U.K., the Netherlands, Italy, Germany, Switzerland, Australia and the USA. For more information, please see www.handheldgroup.com
Photo - https://mma.prnewswire.com/media/1886863/Handheld_Algiz_RT10_rugged_tablet.jpg
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SOURCE Handheld Group AB
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https://www.mysuncoast.com/prnewswire/2022/09/08/handheld-launches-all-new-algiz-rt10-ultra-rugged-android-tablet-with-future-proof-features/
| 2022-09-08T07:33:36Z
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Deere Reports Second Quarter Net Income of $2.098 Billion
Published: May. 20, 2022 at 5:45 AM CDT|Updated: 41 minutes ago
Quarterly earnings rise 17% on increase in net sales of 9%.
Market conditions and industry fundamentals support continuation of robust environment.
Full-year earnings forecast increased to $7.0 to $7.4 billion, including special items.
MOLINE, Ill., May 20, 2022 /PRNewswire/ -- Deere & Company (NYSE: DE) reported net income of $2.098 billion for the second quarter ended May 1, 2022, or $6.81 per share, compared with net income of $1.790 billion, or $5.68 per share, for the quarter ended May 2, 2021. For the first six months of the year, net income attributable to Deere & Company was $3.001 billion, or $9.72 per share, compared with $3.013 billion, or $9.55 per share, for the same period last year.
Net sales and revenues increased 11 percent, to $13.370 billion, for the second quarter of 2022 and rose 8 percent, to $22.939 billion, for six months. Net sales were $12.034 billion for the quarter and $20.565 billion for six months, compared with $10.998 billion and $19.049 billion last year.
"Deere's second-quarter performance reflected a continuation of strong demand even as we face supply-chain pressures affecting production levels and delivery schedules," said John C. May, chairman and chief executive officer. "Deere employees, suppliers, and dealers are working hard to address these challenges. We are proud of their extraordinary efforts to get products to our customers as soon as possible under the challenging circumstances."
Company Outlook & Summary
Net income attributable to Deere & Company for fiscal 2022 is forecast to be in a range of $7.0 billion to $7.4 billion, which includes a net $220 million gain from special items in the second quarter of 2022. For further details on special items, see Note 1 of the press release financial statements.
"Looking ahead, we believe demand for farm equipment will continue benefiting from positive fundamentals in spite of availability concerns and inflationary pressures affecting our customers' input costs," May said. "The company's smart industrial strategy and recently announced Leap Ambitions are focused on helping customers manage higher costs and increasingly scarce inputs, while improving their yields, through the use of our integrated technologies."
Results for the second quarter of 2022 and year-to-date periods of 2022 and 2021 were impacted by special items. For further details, see Note 1 of the press release financial statements.
Production and precision agriculture sales increased for the quarter due to price realization and higher shipment volumes. Operating profit rose primarily due to price realization and higher shipment volumes / sales mix. These items were partially offset by higher production costs, higher research and development and selling, administrative, and general expenses, and impairments related to events in Russia / Ukraine.
Small agriculture and turf sales for the quarter increased due to price realization partially offset by the unfavorable impact of currency translation. Operating profit decreased primarily due to higher production costs, a less-favorable sales mix, and higher selling, administrative, and general and research and development expenses. These items were partially offset by price realization.
Construction and forestry sales moved higher for the quarter primarily due to price realization and higher shipment volumes, partially offset by the unfavorable impact of currency translation. Operating profit increased due to a non-cash gain on the remeasurement of the previously held equity investment in the Deere-Hitachi joint venture and price realization. These items were partially offset by higher production costs, impairments related to the events in Russia / Ukraine, and a less-favorable product mix.
The decrease in financial services net income for the quarter was mainly due to higher reserves for credit losses related to the events in Russia / Ukraine, partially offset by income earned on a higher average portfolio. The prior year also benefited from a favorable adjustment to the provision for credit losses.
Financial Services. Full-year 2022 results are expected to be slightly lower than fiscal 2021 due to a higher provision for credit losses and higher selling, administrative, and general expenses. These factors are expected to be partially offset by income earned on a higher average portfolio.
John Deere Capital Corporation
The following is disclosed on behalf of the company's financial services subsidiary, John Deere Capital Corporation (JDCC), in connection with the disclosure requirements applicable to its periodic issuance of debt securities in the public market.
Results in the quarter decreased due to a higher provision for credit losses and less-favorable financing spreads, partially offset by income earned on a higher average portfolio. For the year-to-date period, net income rose mainly due to income earned on a higher average portfolio and improvement on operating-lease residual values, partially offset by a higher provision for credit losses and less-favorable financing spreads. The prior year also benefited from a favorable adjustment to the provision for credit losses.
FORWARD-LOOKING STATEMENTS
Certain statements contained herein, including in the sections entitled "Company Outlook & Summary," "Industry Outlook," and "Deere Segment Outlook," relating to future events, expectations, and trends constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 and involve factors that are subject to change, assumptions, risks, and uncertainties that could cause actual results to differ materially. Some of these risks and uncertainties could affect all lines of the company's operations, generally, while others could more heavily affect a particular line of business.
Forward-looking statements are based on currently available information and current assumptions, expectations, and projections about future events. Except as required by law, the company undertakes no obligation to update or revise its forward-looking statements. Further information concerning the company and its businesses, including factors that could materially affect the company's financial results, is included in the company's other filings with the SEC (including, but not limited to, the factors discussed in Item 1A. "Risk Factors" of the company's most recent Annual Report on Form 10-K and the company's subsequent Quarterly Reports on Form 10-Q).
Factors Affecting All Lines of Business
All of the company's businesses and their results are affected by general economic conditions in the global markets and industries in which the company operates; customer confidence in general economic conditions; government spending and taxing; foreign currency exchange rates and their volatility, especially fluctuations in the value of the U.S. dollar; changing interest rates; inflation and deflation rates; changes in weather and climate patterns; the political and social stability of the global markets in which the company operates; the effects of, or response to, terrorism and security threats; wars and other conflicts, including the current military conflict between Russia and Ukraine; natural disasters; and the spread of major epidemics or pandemics (including the COVID-19 pandemic).
Significant changes in market liquidity conditions, changes in the company's credit ratings, and any failure to comply with financial covenants in credit agreements could impact access to funding and funding costs, which could reduce the company's earnings and cash flows. Financial market conditions could also negatively impact customer access to capital for purchases of the company's products and purchase decisions, financing and repayment practices, and the number and size of customer delinquencies and defaults. A debt crisis in Europe, Latin America, or elsewhere could negatively impact currencies, global financial markets, funding sources and costs, asset and obligation values, customers, suppliers, and demand for equipment. The company's investment management activities could be impaired by changes in the equity, bond, and other financial markets, which would negatively affect earnings.
Additional factors that could materially affect the company's operations, access to capital, expenses, and results include changes in, uncertainty surrounding, and the impact of governmental trade, banking, monetary, and fiscal policies, including financial regulatory reform and its effects on the consumer finance industry, derivatives, funding costs, governmental programs, policies, and tariffs for the benefit of certain industries or sectors; retaliatory actions to such changes in trade, banking, monetary, and fiscal policies; actions by central banks; actions by financial and securities regulators; actions by environmental, health, and safety regulatory agencies, including those related to engine emissions, carbon and other greenhouse gas emissions, and the effects of climate change; changes to GPS radio frequency bands or their permitted uses; changes in labor and immigration regulations; changes to accounting standards; changes in tax rates, estimates, laws, and regulations and company actions related thereto; changes to and compliance with privacy, banking, and other regulations; changes to and compliance with economic sanctions and export controls laws and regulations; and compliance with U.S. and foreign laws when expanding to new markets and otherwise.
Other factors that could materially affect the company's results and operations include security breaches, cybersecurity attacks, technology failures, and other disruptions to the information technology infrastructure of the company and its suppliers and dealers; security breaches with respect to the company's products; production, design, and technological innovations and difficulties, including capacity and supply constraints and prices; the loss of or challenges to intellectual property rights, whether through theft, infringement, counterfeiting, or otherwise; the availability and prices of strategically sourced materials, components, and whole goods; delays or disruptions in the company's supply chain, including work stoppages or disputes by suppliers with their unionized labor; the failure of customers, dealers, suppliers, or the company to comply with laws, regulations, and company policy pertaining to employment, human rights, health, safety, the environment, sanctions, export controls, anti-corruption, privacy and data protection, and other ethical business practices; introduction of legislation that could affect the company's business model and intellectual property, such as right to repair or right to modify; events that damage the company's reputation or brand; significant investigations, claims, lawsuits, or other legal proceedings; start-up of new plants and products; the success of new product initiatives or business strategies; changes in customer product preferences and sales mix; gaps or limitations in rural broadband coverage, capacity, and speed needed to support technology solutions; oil and energy prices, supplies, and volatility; the availability and cost of freight; actions of competitors in the various industries in which the company competes, particularly price discounting; dealer practices, especially as to levels of new and used field inventories; changes in demand and pricing for used equipment and resulting impacts on lease residual values; labor relations and contracts, including work stoppages and other disruptions; changes in the ability to attract, develop, engage, and retain qualified personnel; acquisitions and divestitures of businesses; greater-than-anticipated transaction costs; the integration of acquired businesses; the failure or delay in closing or realizing anticipated benefits of acquisitions, joint ventures, or divestitures; the inability to deliver precision technology and agricultural solutions to customers; and the failure to realize anticipated savings or benefits of cost reduction, productivity, or efficiency efforts.
COVID-19
Uncertainties related to the continued effects of the COVID-19 pandemic have adversely affected and may continue to affect the company's business and outlook. These uncertainties include, among other things: the duration and impact of any resurgence in COVID-19; disruptions in the supply chain, including those caused by industry capacity constraints, material availability, and global logistics delays and constraints arising from, among other things, the transportation capacity of ocean shipping containers, and continued disruptions in the operations of one or more key suppliers, or the failure of any key suppliers; an increasingly competitive labor market due to a sustained labor shortage or increased turnover caused by the COVID-19 pandemic; the sustainability of the economic recovery from the pandemic remains unclear and significant volatility could continue for a prolonged period.
Agricultural Equipment Operations
The company's agricultural equipment operations are subject to a number of uncertainties, including certain factors that affect farmers' confidence and financial condition. These factors include demand for agricultural products; world grain stocks; soil conditions; harvest yields; prices for commodities and livestock; crop and livestock production expenses; availability of fertilizer; availability of transport for crops; trade restrictions and tariffs; global trade agreements; the level of farm product exports; the growth and sustainability of non-food uses for some crops (including ethanol and biodiesel production); real estate values; available acreage for farming; changes in government farm programs and policies; international reaction to such programs; changes in and effects of crop insurance programs; changes in environmental regulations and their impact on farming practices; animal diseases and their effects on poultry, beef, and pork consumption and prices on livestock feed demand; and crop pests and diseases.
Production and Precision Agriculture Operations
The production and precision agriculture operations rely in part on hardware and software, guidance, connectivity and digital solutions, and automation and machine intelligence. Many factors contribute to the company's precision agriculture sales and results, including the impact to customers' profitability and/or sustainability outcomes; the rate of adoption and use by customers; availability of technological innovations; speed of research and development; effectiveness of partnerships with third parties; and the dealer channel's ability to support and service precision technology solutions.
Small Agriculture and Turf Equipment
Factors affecting the company's small agriculture and turf equipment operations include customer profitability; labor supply; consumer borrowing patterns; consumer purchasing preferences; housing starts and supply; infrastructure investment; spending by municipalities and golf courses; and consumable input costs.
Construction and Forestry
Factors affecting the company's construction and forestry equipment operations include consumer spending patterns; real estate and housing prices; the number of housing starts; interest rates; commodity prices such as oil and gas; the levels of public and non-residential construction; and investment in infrastructure. Prices for pulp, paper, lumber, and structural panels affect sales of forestry equipment.
John Deere Financial
The liquidity and ongoing profitability of John Deere Capital Corporation and the company's other financial services subsidiaries depend on timely access to capital in order to meet future cash flow requirements, and to fund operations, costs, and purchases of the company's products. If general economic conditions deteriorate or capital markets become more volatile, funding could be unavailable or insufficient. Additionally, customer confidence levels may result in declines in credit applications and increases in delinquencies and default rates, which could materially impact write-offs and provisions for credit losses.
DEERE & COMPANY OTHER FINANCIAL INFORMATION
The company evaluates its business results on the basis of accounting principles generally accepted in the United States. In addition, it uses a metric referred to as Shareholder Value Added (SVA), which management believes is an appropriate measure for the performance of its businesses. SVA is, in effect, the pretax profit left over after subtracting the cost of enterprise capital. The company is aiming for a sustained creation of SVA and is using this metric for various performance goals. Certain compensation is also determined on the basis of performance using this measure. For purposes of determining SVA, each of the equipment segments is assessed a pretax cost of assets, which on an annual basis is approximately 12 percent of the segment's average identifiable operating assets during the applicable period with inventory at standard cost. Management believes that valuing inventories at standard cost more closely approximates the current cost of inventory and the company's investment in the asset. The Financial Services segment is assessed an annual pretax cost of approximately 13 percent of the segment's average equity. The cost of assets or equity, as applicable, is deducted from the operating profit or added to the operating loss of each segment to determine the amount of SVA.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc.
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https://www.kxii.com/prnewswire/2022/05/20/deere-reports-second-quarter-net-income-2098-billion/
| 2022-05-20T11:27:57Z
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Temple’s City Council voted unanimously Aug. 4 for a proposed tax rate higher than a requested-by-the-public “no-new-revenue tax rate.” The City Council should look for an earful against the higher number at its public tax rate hearing Thursday, Aug. 18.
Temple needs to tighten its belt and make do. That’s how the rest of us live. City management should cut to bring city expenditures down to income of a “no-new-revenue tax rate.”
Sure, it is not pleasant to make do with less. But that is The Real World now. Our city spending should “suffer” with us. That builds respect!
What to cut? Start with the Department of Performance Excellence. Delete it!
The city’s 2022 adopted budget for Performance Excellence is $720,774 for seven employees. That is separate from Human Resources, which includes duplicated duties.
Temple does not need the divisive mission of Temple’s “Performance Excellence.” The department’s “What We Do” on the city web page starts out: “Lead the City in diversity, equity, and inclusion initiatives and programs.”
What “Diversity, Equity and Inclusion” has brought Temple thus far is division. Read the at least 16 Telegram letters to the editor about DEI since July 7. One letter was in favor of DEI. The rest are against Diversity, Equity and Inclusion!
Carole Owen
Temple
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https://www.tdtnews.com/news/letters_to_the_editor/article_bb154a36-1cdf-11ed-96f1-4faccfe01d79.html
| 2022-08-16T10:17:42Z
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Titans draft CB Roger McCreary out of Auburn in 2nd round
By TERESA M. WALKER
AP Pro Football Writer
NASHVILLE, TEnn. (AP) — The Tennessee Titans have turned to the defense with their second-round selection in the NFL draft, selecting cornerback Roger McCreary out of Auburn. The Titans got the third pick in the second round after trading out of the first round from the No. 26 selection with the New York Jets on Thursday night. McCreary joins first-round pick Treylon Burks. The Titans drafted Burks at No. 18 after trading A.J. Brown to Philadelphia. The Titans made two trades on the opening night. They have two more picks Friday night, both in the third round at No. 69 and No. 90.
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https://localnews8.com/sports/ap-national-sports/2022/04/29/titans-draft-cb-roger-mccreary-out-of-auburn-in-2nd-round/
| 2022-04-30T01:50:44Z
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- 64% Increase in Revenue
- 180 Basis Point Improvement in Gross Margin
- 86% Improvement in Net Loss
HONG KONG, Sept. 7, 2022 /PRNewswire/ -- Taoping Inc. (NASDAQ: TAOP, the "Company" or "TAOP") today reported financial results for the first six months of its fiscal year ending December 31, 2022.
Mr. Lin Jianghuai, Chairman and CEO of Taoping, said: "In a challenging market we achieved 64% revenue growth, a 180 basis point improvement in gross margin and an 86% improvement in net loss. We have seen a significant uptick in demand as offices reopen and workers return. We expect this to add positive momentum to our site-based digital advertising business and other smart community related businesses that are driven by our proprietary Taoping Cloud eco-system. We are very excited about these greenfield opportunities, which build on Taoping's two core competencies, the Taoping national sales network, and its compatible, highly scalable cloud platform, making it a valued partner by many other smart-community customers and solution providers."
Mr. Lin continued: "We are optimistic as we enter the second half of 2022, with a further expansion planned for our core business as we leverage the scalable platform we have built. We also remain excited about the truly global long-term opportunities in cryptocurrency mining. This was a meaningful growth driver for us in the first six months of 2022 despite the broader market volatility. Longer term we expect to see a further mainstream adoption of cryptocurrency, which will serve as a catalyst for our growth. We remain focused on accelerating our profitable revenue growth, while at the same time driving an increase in shareholder value more inline the Company's impressive results, strong fundamentals and compelling business prospects."
Financial Results for the First Six Months of Fiscal Year 2022
Revenue increased 64% to $10.5 million for the first 6 months of fiscal year 2022, compared to $6.4 million for the first 6 months of fiscal year 2021. The revenue growth reflects the Company's continued execution on its two core competencies, the Taoping national sales network, and its compatible, highly scalable cloud platform. The revenue mix was 27% from products, 17% from software, 11% from advertising, 31% from cryptocurrency mining and 14% from other.
For the six months ended June 30, 2022, no single customer accounted for greater than 10% of the total revenues. The Company's top five customers in aggregate accounted for 22% and 44% of the Company's revenues for the six months ended June 30, 2022 and 2021, respectively.
Gross profit increased 73% to $3.7 million for the six months ended June 30, 2022, compared to $2.1 million for the six months ended June 30, 2021. Gross margin expanded 180 basis points to 35.1% for the six months ended June 30, 2022 from 33.3% for the six months ended June 30, 2021. The increase in the overall gross margin primarily resulted from the higher revenue level and the Company's focus on higher margin revenue segments.
Administrative expenses declined 64% to $4.8 million for the six months ended June 30, 2022, compared to $13.6 million for the six months ended June 30, 2021. Research and development expenses declined 9% to $2.1 million for the six months ended June 30, 2022, compared to $2.3 million for the six months ended June 30, 2021. Selling expenses increased 77% to $343,211 for the six months ended June 30, 2022, compared to $193,484 for the six months ended June 30, 2021.
The Company reduced its net loss by 86% to $2.0 million or $0.13 per basic and diluted share for the six months ended June 30, 2022, compared to a net loss of $14.5 million or $1.31 per basic and diluted share for the same period of 2021, reflecting the higher revenue level, expanded gross margin, reduced provision of allowance of credit losses and reduced stock-based compensation expenses.
Excluding share-based compensation expenses and loss from equity method investment of Taoping New Media Co., Ltd. ("TNM"), a company acquired on June 9, 2021, adjusted net loss was $1.7 million or $0.11 per basic and diluted share for the six months ended June 30, 2022, compared to a net loss of $8.4 million or $0.78 per basic and diluted share for the same period of 2021.
About Taoping Inc.
Taoping Inc. (NASDAQ: TAOP) is a blockchain technology and smart cloud services provider. The Company is dedicated to the research and application of blockchain technology and digital assets, and continues to improve computing power and create value for the encrypted digital currency industry. Relying on its self-developed smart cloud platform, TAOP also provides solutions and cloud services to industries such as smart community, new media and artificial intelligence. To learn more, please visit www.taop.com.
Safe Harbor Statement
This press release contains "forward-looking statements" that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are 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, as amended. We have attempted to identify forward-looking statements by terminology including "anticipates," "believes," "can," "continue," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "should," or "will" or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: our potential inability to achieve or sustain profitability or reasonably predict our future results due to our limited operating history of providing blockchain technology and smart cloud services, the effects of the global Covid-19 pandemic, the emergence of additional competing technologies, changes in domestic and foreign laws, regulations and taxes, uncertainties related to China's legal system and economic, political and social events in China, the volatility of the securities markets; and other risks including, but not limited to, those that we discussed or referred to in the Company's disclosure documents filed with the U.S. Securities and Exchange Commission (the "SEC") available on the SEC's website at www.sec.gov, including the Company's most recent Annual Report on Form 20-F as well as in our other reports filed or furnished from time to time with the SEC. The forward-looking statements included in this press release are made as of the date of this press release and TAOP undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.
About Non-GAAP Financial Measures
To supplement the Company's financial results presented in accordance with U.S. GAAP, the Company uses non-GAAP financial measures, which are adjusted from results based on U.S. GAAP to exclude share-based compensation expenses and loss from equity method investment of TNM, a company acquired on June 9, 2021. Reconciliations of non-GAAP financial measures to U.S. GAAP financial measures are set forth in table at the end of this release, which provide more details on the non-GAAP financial measures.
Non-GAAP financial information is provided as additional information to help investors compare business trends among different reporting periods on a consistent basis and to enhance investors' overall understanding of the historical and current financial performance of the Company's continuing operations and prospects for the future. Non-GAAP financial information should not be considered a substitute for or superior to U.S. GAAP results. In addition, calculations of this non-GAAP financial information may be different from calculations used by other companies, and therefore comparability may be limited.
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| 2022-09-07T13:31:53Z
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Timed with Mental Health Awareness Month, the Webinar Will Provide Insights on Identifying At-risk Children with a Student Safety Framework
SAN DIEGO, May 13, 2022 /PRNewswire/ -- Linewize, a division of Family Zone (ASX: FZO), a rapidly growing education technology company, today announced it will be hosting a free webinar in honor of Mental Health Awareness Month on Tuesday, May 17 at noon PT. Focused on student safety and online monitoring solutions, the webinar, titled How to identify at-risk children with a student safety framework, will feature two Linewize executives: Ross Young, executive vice president, and Teodora Pavkovic, director of community engagement. Those interested in attending the webinar, which will take place via Zoom, can register here.
Closely following the announcement of Linewize's initiative to offer no-cost Student Safety Audits to all U.S. schools and districts, the webinar will provide attendees with a framework for the Audit, as well as tools and resources for evaluating online monitoring solutions and creating an actionable plan to assess student safety.
"Similar to our no-cost Student Safety Audit initiative, this webinar is designed to empower school leaders to adopt advanced technological solutions that keep students safe at school, home and everywhere in between," said Young. "Our goal is for all attendees to come away from the webinar with the confidence to develop a plan for assessing student safety ahead of the upcoming fall semester and beyond."
Joined by Pavkovic, the two will also discuss the ongoing mental health crisis in the U.S. and provide tactical advice for conducting a safety audit to improve processes for detecting students in crisis, including those who may otherwise go unnoticed or be noticed too late.
"With suicide being the second leading cause of death amongst 10-34-year-olds nationwide, it's more important than ever for schools to be able to properly identify at-risk students," said Pavkovic. "This Mental Health Awareness Month, we highly encourage schools to implement effective safety measures and protocols to protect students during this time of crisis."
With Linewize's Student Safety Audit, schools gain access to risk profiles and receive recommendations for implementing a holistic student safety program. The Audit is enabled by Linewize Monitor, an advanced student threat detection tool that helps districts spot at-risk students through a combination of artificial intelligence (AI) and a team of highly trained human moderators. To learn more about Linewize Monitor, please visit www.linewize.com/linewize-monitor.
About Linewize:
A division of ASX-traded company FamilyZone, Linewize is a K-12 cyber safety management system and an emerging leader in the fast-growing global cybersafety and EdTech sector. Built by a global team of education experts and former school IT administrators, Linewize's comprehensive suite of tools and resources is designed to keep kids safe online and address a range of digital learning needs. Founded on the premise that promoting digital wellbeing in students goes beyond a simple content filter, Linewize offers products and resources that enable schools to partner with families in order to protect every child's digital journey, both in the classroom and at home. For more information, please visit www.linewize.com.
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| 2022-05-13T14:19:43Z
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NEW YORK, June 22, 2022 /PRNewswire/ -- Golden Path Acquisition Corporation (the "Company" or "Golden Path") (NASDAQ: GPCO) (the "Company") today announced that the Company's sponsor, Greenland Asset Management Corporation (the "Sponsor"), has deposited into the Company's trust account (the "Trust Account") an aggregate of $191,667, representing $0.033 per public share of the Company, in order to extend the period of time the Company has to consummate a business combination by one month to July 24, 2022.
The Sponsor plans to extend such period of time additional eight times to complete its initial business combination as necessary, each by an additional one months, up to March 24, 2023, by depositing $191,667 each time and up to an aggregate amount of $1,533,333 into the Trust Account, representing up to an additional $0.267 per public share, in connection with such additional extensions.
About Golden Path Acquisition Corporation
The Company is a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an acquisition opportunity in any industry or sector, the Company intends to focus on businesses that have a connection to the Asian market.
Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements". Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the offering filed with the Securities and Exchange Commission ("SEC"). Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact
Shaosen Cheng
Chief Executive Officer
ceo@goldenpath.cn
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https://www.kxii.com/prnewswire/2022/06/22/golden-path-acquisition-corporation-announces-extend-deadline-consummate-business-combination/
| 2022-06-22T12:46:36Z
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Student loan borrowers await Biden plan on debt forgiveness
WASHINGTON (AP) — Millions of Americans were waiting to learn the fate of their federal student debt on Wednesday as President Joe Biden prepared to deliver on his campaign promise to provide up to $10,000 in debt cancellation.
Details of the plan have been kept closely guarded, but borrowers who earn less than $125,000 a year would be eligible for the loan forgiveness, according to three people familiar with the decision. Biden is also set to extend a pause on federal student loan payments through January.
If it survives legal challenges that are almost certain to come, Biden’s plan could offer a windfall to a swath of the nation in the run-up to this fall’s midterm elections. More than 43 million owe a combined $1.6 trillion in federal student debt, with almost a third owing less than $10,000, according to federal data.
Still, the action is unlikely to thrill any of the factions that have been jostling for influence as Biden weighs how much to cancel and for whom.
Biden has faced pressure from liberals to provide broader relief to hard-hit borrowers, and from moderates and Republicans questioning the fairness of any widespread forgiveness. The delay in Biden’s decision has only heightened the anticipation for what his own aides acknowledge represents a political no-win situation. The people spoke on the condition of anonymity to discuss Biden’s intended announcement ahead of time.
The continuation of the pandemic-era payment freeze comes just days before millions of Americans were set to find out when their next student loan bills will be due. This is the closest the administration has come to hitting the end of the payment freeze extension, with the current pause set to end Aug. 31.
Wednesday’s announcement was set for the White House after Biden returns from vacation in Rehoboth Beach, Delaware. The administration had briefly considered higher education schools in the president’s home state for a larger reveal, but scaled back their plans.
During the 2020 presidential campaign, Biden was initially skeptical of student loan debt cancellation as he faced off against more progressive candidates for the Democratic nomination. Sens. Elizabeth Warren, D-Mass., and Bernie Sanders, I-Vt., had proposed cancellations of $50,000 or more.
As he tried to shore up support among younger voters and prepare for a general election battle against President Donald Trump, Biden unveiled his initial proposal for debt cancellation of $10,000 per borrower, with no mention of an income cap.
Biden narrowed his campaign promise in recent months by embracing the income limit as soaring inflation took a political toll and as he aimed to head off political attacks that the cancellation would benefit those with higher take-home pay. But Democrats, from members of congressional leadership to those facing tough reelection bids this November, have pushed the administration to go as broad as possible on debt relief, seeing it in part as a galvanizing issue, particularly for Black and young voters this fall.
The frenzied last-minute lobbying continued Tuesday even as Biden remained on his summer vacation. Senate Majority Leader Chuck Schumer, D-N.Y., one of the loudest advocates in recent years for canceling student loan debt, spoke privately on the phone with Biden, imploring the president to forgive as much debt as the administration can, according to a Democrat with knowledge of the call.
In his pitch, Schumer argued to Biden that doing so was the right thing morally and economically, said the Democrat, who asked for anonymity to describe a private conversation.
Inside the administration, officials have discussed since at least early summer forgiving more than $10,000 of student debt for certain categories of borrowers, such as Pell Grant recipients, according to three people with knowledge of the deliberations. That remained one of the final variables being considered by Biden heading into Wednesday’s announcement.
Democrats are betting that Biden, who has seen his public approval rating tumble over the last year, can help motivate younger voters to the polls in November with the announcement.
Although Biden’s plan is narrower than what he initially proposed during the campaign, “he’ll get a lot of credit for following through on something that he was committed to,” said Celinda Lake, a Democratic pollster who worked with Biden during the 2020 election.
She described student debt as a “gateway issue” for younger voters, meaning it affects their views and decisions on housing affordability and career choices. A survey of 18- to 29-year-olds conducted by the Harvard Institute of Politics in March found that 59% of those polled favored debt cancellation of some sort — whether for all borrowers or those most in need — although student loans did not rank high among issues that most concerned people in that age group.
Some advocates were already bracing for disappointment.
“If the rumors are true, we’ve got a problem,” Derrick Johnson, the president of the NAACP, which has aggressively lobbied Biden to take bolder action, said Tuesday. He emphasized that Black students face higher debut burdens than white students.
“President Biden’s decision on student debt cannot become the latest example of a policy that has left Black people — especially Black women — behind,” he said. “This is not how you treat Black voters who turned out in record numbers and provided 90% of their vote to once again save democracy in 2020.”
John Della Volpe, who worked as a consultant on Biden’s campaign and is the director of polling at the Harvard Kennedy School Institute of Politics, said the particulars of Biden’s announcement were less important than the decision itself.
“It’s about trust in politics, in government, in our system. It’s also about trust in the individual, which in this case is President Biden,” Della Volpe said.
Combined with fears about expanding abortion restrictions and Trump’s reemergence on the political scene, Della Volpe said student debt forgiveness “adds an additional tailwind to an already improving position with young people.”
Republicans, meanwhile, see only political upside if Biden pursues a large-scale cancellation of student debt ahead of the November midterms, anticipating backlash for Democrats — particularly in states where there are large numbers of working-class voters without college degrees. Critics of broad student debt forgiveness also believe it will open the White House to lawsuits, on the grounds that Congress has never given the president the explicit authority to cancel debt on his own.
The Republican National Committee on Tuesday blasted Biden’s expected announcement as a “handout to the rich,” claiming it would unfairly burden lower-income taxpayers and those who have already paid off their student loans with covering the costs of higher education for the wealthy.
“My neighbor, a detective, worked 3 jobs (including selling carpet) & his wife worked to make sure their daughter got quality college degree w/no student debt,” Rep. Kevin Brady, R-Texas, the top Republican on the House Ways and Means Committee, tweeted Tuesday. “Big sacrifice. Now their taxes must pay off someone else’s student debt?”
Biden’s elongated deliberations have sent federal loan servicers, who have been instructed to hold back billing statements while Biden weighed a decision, grumbling.
Industry groups had complained that the delayed decision left them with just days to notify borrowers, retrain customer service workers and update websites and digital payment systems, said Scott Buchanan, executive director of the Student Loan Servicing Alliance.
It increases the risk that some borrowers will inadvertently be told they need to make payments, he said.
“At this late stage I think that’s the risk we’re running,” he said. “You can’t just turn on a dime with 35 million borrowers who all have different loan types and statuses.”
___
AP Education Writer Collin Binkley in Washington contributed to this report.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.kxii.com/2022/08/24/student-loan-borrowers-await-biden-plan-debt-forgiveness/
| 2022-08-24T10:47:42Z
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"Levitating" Takes Pop Song of the Year Sony Music Publishing Receives Publisher of the Year
ASCAP Award-Winning Hitmakers Tommy Brown and Mr. Franks Set to Join ASCAP Experience in Conversation on April 13
NEW YORK, April 11, 2022 /PRNewswire/ -- Recognizing the chart-topping songwriters, producers and publishers behind the biggest pop music hits of 2021, The American Society of Composers, Authors and Publishers (ASCAP) today announces the winners of the 2022 ASCAP Pop Music Awards. Reprising its popular social media awards format, the show will fête winners across @ASCAP Instagram, Facebook and Twitter, April 11 - 14.
Celebrating a year of record-breaking hits and fresh from three Grammy Award wins, Olivia Rodrigo adds ASCAP Pop Music Awards Songwriter of the Year to her growing collection of top industry accolades. Initially known for her quadruple-platinum, breakout single "drivers license," Rodrigo continued her meteoric rise with Sour, breaking Spotify records while becoming the first artist to chart three songs from a debut album simultaneously in the Billboard Top 100's top 10. The pop superstar takes home the top ASCAP honor —her first ASCAP Award ever— recognizing her megahits "deja vu," "drivers license" and "good 4 u" and will accept the award in an exclusive video on @ASCAP social media.
As one of the longest-charting Billboard Hot 100 hits of all time, "Levitating" receives ASCAP Pop Music Awards Song of the Year. The multi-platinum hit was written by ASCAP songwriters Clarence Coffee Jr., Sarah Hudson, DaBaby, Stephen "Koz" Kozmeniuk and Dua Lipa and published by Baby Jesus Publishing, Best Coffee in Town, Italians Do It Better, Kobalt Music Publishing, Nyan King Music, Prescription Songs, Sony Music Publishing, South Coast Music Group LLC, Universal Music Publishing Group, Unsub Pub LLC and Warner Chappell Music.
ASCAP Pop Music Awards Publisher of the Year goes to Sony Music Publishing. The publishing powerhouse takes home the prestigious recognition for its contributions to pop music in 2021 with top songs including "Arcade," "Back in Blood," "Beers and Sunshine," "drivers license," "Kiss Me More," "Peaches," "RAPSTAR" and more.
As part of the festivities, ASCAP Experience will host a special ASCAP Pop Music Awards session on @ASCAP Instagram Live. On Wednesday, April 13, chart-topping songwriters Tommy Brown and Mr. Franks will discuss their ASCAP award-winning songs "34+35," "positions" and "pov" (all performed by Ariana Grande) and "Holy" (performed by Justin Bieber), moderated by Republic Records Co-President Wendy Goldstein. The session begins at 4PM ET/ 1PM PT. More information on ASCAP Experience is available at www.ascapexperience.com
In addition to exclusive ASCAP Experience conversations and acceptance speeches, ASCAP Pop Music Awards will feature winners sharing stories of their breakthrough moments, the creation and production of their chart-topping hits and advice for up-and-coming creators. Starting at 10AM ET/ 7AM PT on April 11 through April 14, friends, fans and peers can join in the celebration via @ASCAP on Instagram, Twitter and Facebook, using the hashtag #ASCAPAwards.
The ASCAP Pop Music Awards honor the songwriters and publishers of the most performed songs of the past year in pop music. The winning songs are determined by data for terrestrial and satellite radio and for actual programmed and on-demand audio streams that is provided by Luminate (formerly P-MRC Data) in accordance with ASCAP's publicly available rules.
The complete list of winners is available on the ASCAP website: www.ascap.com/popawards22.
About ASCAP
The American Society of Composers, Authors and Publishers (ASCAP) is a professional membership organization of songwriters, composers and music publishers of every kind of music. ASCAP's mission is to license and promote the music of its members and foreign affiliates, obtain fair compensation for the public performance of their works and to distribute the royalties that it collects based upon those performances. ASCAP members write the world's best-loved music and ASCAP has pioneered the efficient licensing of that music to hundreds of thousands of enterprises who use it to add value to their business - from bars, restaurants and retail, to radio, TV and cable, to Internet, mobile services and more. The ASCAP license offers an efficient solution for businesses to legally perform ASCAP music while respecting the right of songwriters and composers to be paid fairly. With more than 850,000 members representing more than 16 million copyrighted works, ASCAP is the worldwide leader in performance royalties, service and advocacy for songwriters and composers, and the only American performing rights organization (PRO) owned and governed by its writer and publisher members. Learn more and stay in touch at www.ascap.com, on Twitter and Instagram @ASCAP and on Facebook.
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| 2022-04-11T14:39:29Z
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U.S. cybersecurity risk management and threat intelligence SaaS provider partners with CFBD to mitigate risk for Peruvian enterprises
LOS ANGELES, July 29, 2022 /PRNewswire/ -- Resecurity, Inc., a U.S. cybersecurity and intelligence company, announced its partnership with CFBD to expand Resecurity's AI-driven cybersecurity solutions and services to Peru. Based in Lima, CFBD is a leading distribution company specializing in engineering development and IT infrastructure for electronic security and artificial intelligence.
As Peru's digital economy expands, cyber threats are increasingly prominent, with 32% of organizations in Peru suffering cyber-attacks from 2018-2020.[1] Compounding these threats, Peru's organizations face the challenges of limited security talent, early-stage digitalism, and access to cybersecurity solutions that help organizations mitigate risk and automate security workflows. To accelerate the implementation of AI-powered cybersecurity and threat intelligence in Peru, Resecurity has partnered with CFBD to provide managed threat detection and response to local organizations.
"The United States and Peru have a longstanding strategic partnership based on the shared values and interests of democracy, security, and mutually beneficial trade. Our partnership with CFBD is a natural expansion as Peru invests in AI-driven cybersecurity to secure private and public organizations," said Gene Yoo, CEO of Resecurity. "Resecurity is excited to collaborate with CFBD to drive cybersecurity market development in the region."
Resecurity's innovative cybersecurity solutions allow organizations to automate the identification, assessment, and triage of incoming cyber threats while staying ahead of cybercriminals using advanced tactics to attack organizations at scale. The AI-driven platform allows administrators to reduce potential blind spots and security gaps by quickly seeing in-depth analysis and specific artifacts obtained through the dark web, botnets activity, network intelligence, and high-quality threat intelligence.
"Cybersecurity is becoming increasingly critical for Peruvian enterprises, government, and individuals as our country's digital ecosystem continues to expand and evolve. Leveraging artificial intelligence and partnerships with cybersecurity leaders like Resecurity, CFBD clients can detect and mitigate cyber threats confidently," said Carlos Barrientos, CEO of CFBD.
Click here to learn more about Resecurity's cybersecurity solutions.
Resecurity is a cybersecurity company providing managed threat detection and response. The company delivers a unified platform for endpoint protection, risk management, and cyber threat intelligence. Known for providing best-of-breed data-driven intelligence solutions, Resecurity's services and platforms focus on early-warning identification of data breaches and comprehensive protection against cybersecurity risks. Founded in 2016, it has been globally recognized as one of the world's most innovative cybersecurity companies with the sole mission of enabling organizations to combat cyber threats regardless of how sophisticated they are. Most recently, Resecurity was named as one of the Top 10 fastest-growing private cybersecurity companies in Los Angeles, California by Inc. Magazine. An official member of AFCEA, NDIA, SIA, Infragard, the American Chamber of Commerce in Saudi Arabia (AmChamKSA) and the American Chamber of Commerce in Mexico (AmChamMexico). To learn more about Resecurity, visit https://resecurity.com.
CFBD SAC is a distribution company specialized in engineering development that works with select high-end products and services. It has strategic partners and successful projects carried out nationally and internationally. It provides global solutions in IT infrastructure and part of its service portfolio is oriented towards the development and solution of equipment and/or specialized software for electronic security and artificial intelligence with the best platforms and services in various fields. https://cfbd.co
[1] Accessed on 7/11/2022: https://www.trade.gov/cyber-mission-south-america
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| 2022-07-29T23:33:40Z
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Hutchinson shaped by family, including a WWII veteran
By LARRY LAGE
AP Sports Writer
ANN ARBOR, Mich. (AP) — Aidan Joseph Bernardi Hutchinson is an impressive reflection of his parents and his middle names honor a great-grandfather who was part of the World War II jungle fighting unit known as “Merrill’s Marauders.” Jacksonville is expected to select Hutchinson with the No. 1 pick in the NFL draft on April 28. It’s easy to see why the Jaguars would want him after watching what Hutchinson did last year at Michigan. Scouts who searched for more about his background found out Chris and Melissa raised a well-rounded son, uniquely shaped by a close-knit family that includes two older sisters.
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https://localnews8.com/news/2022/04/22/hutchinson-shaped-by-family-including-a-wwii-veteran/
| 2022-04-22T07:38:32Z
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VALLETTA, Malta, Aug. 1, 2022 /PRNewswire/ -- Kindred Group's Board of Directors has decided to start exercising the buy-back mandate which received at the Extraordinary General Meeting on 10 June 2022. Share repurchases may take place during the period between 1 August 2022 and up until the next Annual General Meeting.
The Board of Directors of Kindred Group plc ("Kindred" or the "Company") has, empowered by a mandate received at the Extraordinary General Meeting on 10 June 2022, decided to initiate a share buy-back programme. The purpose of the programme is to return excess cash to the shareholders in line with the Kindred's distribution policy.
Share repurchases can be made during the period 1 August 2022 until the next Annual General Meeting. However, no share repurchases will be executed during the closed periods ahead of the publication of quarterly reports.
Share repurchases are to be made on Nasdaq Stockholm in accordance with the Nasdaq Nordic Main Market Rulebook for Issuers of Shares, Maltese Companies Act and EU Market Abuse Regulation No. 596/2014 ("MAR"). Share repurchases are to be made at a price per share within the recorded interval, i.e. the interval between the highest buying price and the lowest selling price. Payment for the shares shall be made in cash.
Notification of any share repurchases will continuously be made to Nasdaq Stockholm and for information about the transactions please see: http://www.nasdaqomx.com/transactions/markets/nordic/corporate-actions/stockholm/repurchases-of-own-shares
The maximum number of shares/SDRs that can be repurchased is 23,000,000 and the Company's holdings of its own shares/SDRs may not at any time exceed 10 per cent of the total outstanding shares. At the time of this announcement, the total number of issued shares in the Company is 230,126,200 and Kindred's holding of own shares/SDRs is 9,966,474.
Following repurchase, the intention of the Board is to cancel the repurchased shares/SDRs.
This disclosure contains information that Kindred Group is obliged to make public pursuant to the EU Market Abuse Regulation (EU No. 596/2014). The information was submitted for publication, through the agency of the contact person, on 01-08-2022 07:30 CET.
CONTACT:
Patrick Kortman, Director - Corporate Development & Investor Relations, +46 723 877 438
Linda Lyth, Investor Relations Manager, +46 767 681 337
ir@kindredgroup.com
This information was brought to you by Cision http://news.cision.com
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| 2022-08-01T06:17:18Z
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GOTHENBURG, Sweden, July 11, 2022 /PRNewswire/ -- SKF will publish its Half-year results for 2022 on 20 July at approximately 08:00 (CEST). Investors, analysts and media are invited to join a webcast, which will be held in English, at 09:00 (CEST).
To join the webcast, please login at least 10 minutes before the start using the below link or phone numbers.
Link to web event: https://www.investis-live.com/skf/62b9c77a59bc741400061326/skff
Sweden +46 10 884 80 16
UK / International +44 20 3936 2999
Passcode: 371618
All information regarding the results will be made available on the Group's IR website: https://investors.skf.com/en/reports-and-presentations
Media: To book interviews with Rickard Gustafson, President and CEO, or Niclas Rosenlew, CFO, after the webcast, please contact Theo Kjellberg on theo.kjellberg@skf.com.
Aktiebolaget SKF
(publ)
For further information, please contact: PRESS: Theo Kjellberg, Director, Press Relations
tel: 46 31 337 6576, mobile: 46 725-776576, e-mail: theo.kjellberg@skf.com
INVESTOR RELATIONS: Patrik Stenberg, Head of Investor Relations
Patrik Stenberg, 46 31-337 2104; 46 705-472 104; patrik.stenberg@skf.com
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| 2022-07-11T12:24:01Z
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NEW YORK, July 27, 2022 /PRNewswire/ --
If you own shares in any of the companies listed above and
would like to discuss our investigations or have any questions concerning
this notice or your rights or interests, please contact:
Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Unity Software Inc. (NYSE: U)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Unity Software Inc. (NYSE: U) in connection with U's proposed merger with ironSource Ltd. ("ironSource"). Under the merger agreement, U will acquire each ironSource share for 0.1089 of a U common share, leaving U shareholders owning approximately 73.5% and ironSource shareholders owning approximately 26.5% of the combined company upon closing of the transaction. If you own U shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/u
VAALCO Energy, Inc. (NYSE: EGY)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of VAALCO Energy, Inc. (NYSE: EGY), in connection with EGY's proposed acquisition of TransGlobe Energy Corporation ("TransGlobe"). Under the merger agreement, EGY will acquire each TransGlobe share for 0.6727 of an EGY common share, leaving EGY shareholders owning approximately 54.5% and TransGlobe shareholders owning approximately 45.5% of the combined company upon closing of the transaction. If you own EGY shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/egy
One Medical (NASDAQ: ONEM)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of One Medical (NASDAQ: ONEM) in connection with the proposed acquisition of ONEM by Amazon.com, Inc. Under the terms of the merger agreement, ONEM shareholders will receive $18.00 in cash for each share of ONEM common stock owned. If you own ONEM shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/onem-1
Hanger, Inc. (NYSE: HNGR)
Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Hanger, Inc. (NYSE: HNGR), in connection with the proposed acquisition of HNGR by Patient Square Capital. Under the terms of the merger agreement, HNGR shareholders will receive $18.75 in cash for each share of HNGR common stock owned. If you own HNGR shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://www.weisslaw.co/news-and-cases/hngr
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| 2022-07-27T21:32:23Z
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Man charged in Buffalo massacre due back in court
BUFFALO, N.Y. (AP) — The white man accused of slaughtering 10 Black people at a Buffalo supermarket was scheduled to appear in court Thursday as authorities including the FBI continue to investigate the possibility of hate crime and terrorism charges.
Payton Gendron, 18, livestreamed the attack from a helmet camera before surrendering to police outside the grocery store. Shortly before the attack last Saturday, he posted hundreds of pages of writings to online discussion groups where he detailed his plans for the assault and his racist motivation.
Investigators have been examining those documents, which included a private diary he kept on the chat platform Discord.
At his initial court appearance last week, Gendron’s court-appointed lawyer entered a plea of “not guilty” on his behalf.
The massacre at the Tops supermarket was unsettling even in a nation that has become numb to mass shootings. All but two of the 13 of the people shot during the attack were Black. Gendron’s online writings said he planned the assault after becoming infatuated with white supremacist ideology he encountered online.
The diary said Gendron planned his attack in secret, with no outside help, but Discord confirmed Wednesday that an invitation to access his private writings was sent to a small group of people about 30 minutes before the assault began.
Some of them accepted the invitation. It was unclear how many read what he had written or logged on to view the assault live. It also wasn’t clear whether anyone tried to alert law enforcement.
Buffalo Police Commissioner Joseph Gramaglia has said investigators were working to obtain, verify and review Gendron’s online postings.
New York Gov. Kathy Hochul on Wednesday authorized the state’s attorney general, Letitia James, to investigate social media platforms used by Gendron to determine if they were liable for “providing a platform to plan and promote violence.”
Copyright 2022 The Associated Press. All rights reserved.
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https://www.wibw.com/2022/05/19/man-charged-buffalo-massacre-due-back-court/
| 2022-05-19T11:24:02Z
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Award recognizes industry-leading innovation and strategy benefiting clients worldwide
NEW YORK, Aug. 25, 2022 /PRNewswire/ -- Genpact (NYSE: G), a global professional services firm focused on delivering digital transformation, today announced its recognition as the 2022 ServiceNow Global Industry Solutions – Financial Services Partner of the Year. In just 15 months of collaboration, Genpact and ServiceNow's partnership has enabled digital transformation in the lending space across some of the most complex organizations globally.
Due to ongoing market fluctuations and volatility, lenders are looking for quicker loan approvals and funding times to fuel innovative technology that enhances services to meet customers' evolving needs. Genpact and ServiceNow offer financial organizations agile and flexible tools that enable them to continue building and progressing their businesses against continuous economic pressures.
Genpact's Financial Services Partner of the Year recognition is rooted in the success of its cloud-based loan platform, Cora Lending as a Service, certified through ServiceNow's Global Solution Framework. Backed with longstanding managed service expertise, Genpact and ServiceNow have implemented solutions for banks, global fintechs and other financial service institutions that are easy to configure and deploy. By equipping clients with this digital infrastructure, they can deliver services to their customers at a faster speed to market, with elevated experiences, improved risk management and increased agility in the face of rapid and unpredictable changes.
"Our rich financial industry advisory capabilities in the loan and lending sector, coupled with ServiceNow's ability to transform legacy technology into modern, flexible and custom offerings, uniquely equips clients to navigate evolving market conditions with minimal disruption to daily business," said Scott Van Valkenburgh, Global Alliances and Channels Leader, Genpact. "Together, we are simplifying the lending process end-to-end, allowing faster decision making rooted in data and we are proud to be recognized for our collective achievements."
The ServiceNow Global Alliances and Channel Ecosystem (ACE) organization recognizes the achievements of best-in-class partners that have contributed to ServiceNow's growth trajectory by driving successful business outcomes for out joint customers. This year's awards are based on 2021 partner performance in key areas, including: revenue growth, product line expansion, improved workflow and skill competency, and business innovation with associated digital transformation impact.
"The synergistic nature of our partnership with Genpact enables unique capabilities, insights and innovation to drive tangible business outcomes for our clients," said David Parsons, SVP, Global Alliances and Channel Ecosystem, ServiceNow. "The Genpact team has deep domain expertise within the financial services industry enabling clients to be more knowledgeable, agile and forward thinking."
Genpact is a designated ServiceNow Reseller and Services partner for the entire suite of ServiceNow solutions and provides an end-to-end service including design, configuration, deployment, and support.
Genpact (NYSE: G) is a global professional services firm that makes business transformation real. Led by our purpose -- the relentless pursuit of a world that works better for people -- we drive digital-led innovation and digitally enabled intelligent operations for our clients. Guided by our experience reinventing and running thousands of processes for hundreds of clients, many of them Global Fortune 500 companies, we drive real-world transformation at scale. We think with design, dream in digital, and solve problems with data and analytics. Combining our expertise in end-to-end operations and our AI-based platform, Genpact Cora, we focus on the details – all 100,000+ of us. From New York to New Delhi, and more than 30 countries in between, we connect every dot, reimagine every process, and reinvent the ways companies work. We know that reimagining each step from start to finish creates better business outcomes. Whatever it is, we'll be there with you – accelerating digital transformation to create bold, lasting results – because transformation happens here. Get to know us at Genpact.com and on LinkedIn, Twitter, YouTube, and Facebook.
ServiceNow, the ServiceNow logo, Now, Now Platform, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc., in the United States and/or other countries.
Media Contact:
Sarah Joyce
Genpact Media Relations (U.S.)
Sarah.joyce@genpact.com
+1 (626) 379-9829
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| 2022-08-25T13:18:09Z
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Former WWE star Jeff Hardy arrested for DUI again
VOLUSIA COUNTY, Fla. (WESH) – Star professional wrestler Jeff Hardy has been charged with driving under the influence in Florida. This is his third time facing a DUI charge.
The Florida Highway Patrol arrested 44-year-old Jeff Hardy Monday morning in Volusia County for driving under the influence, in violation of driver’s license restriction, and driving while license suspended.
Hardy is a former WWE professional wrestler who’s now with All Elite Wrestling of Jacksonville, Florida.
Bill DeMott is a former wrestler and sober driving advocate who lost his daughter to a drunk driver in 2015. He’s the founder of the Keri Anne Foundation, named after his daughter who was killed by a repeat DUI offender.
“I happen to know Jeff and his brother personally, but this isn’t personal,” DeMott said. “This is a man who made a decision at least three times now in the past ten years to drive while impaired.”
The arrest report says Hardy was convicted on two other separate DUIs from March 2018 and October 2019 in North Carolina.
When FHP caught up to Hardy, he was merging from Interstate 4 onto Northbound I-95 in a Dodge Charger that was “traveling significantly under the speed limit, weaving across travel lanes and running off the shoulder of the roadway.”
”License is revoked, so we’d like to know how did he get the rental car, who allowed him to use the rental car and why is he driving?” DeMott said.
The report also says Hardy “was unsteady on his feet, reeked of the odor of an alcoholic beverage and was confused.
Through conversations with the driver, it was learned that he had been drinking earlier in the day.
Hardy was arrested just before 10 a.m.
“When does it become important, when a life is lost?” DeMott said.
FHP says Jeff Hardy’s first breath sample was a .294, almost more than three and a half times the legal limit.
The arrest report said Hardy had a driving restriction requiring him to have an interlock device in his car, something the rental car did not have.
Copyright 2022 WESH via CNN Newsource. All rights reserved.
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https://www.mysuncoast.com/2022/06/14/former-wwe-star-jeff-hardy-arrested-dui-again/
| 2022-06-14T18:26:24Z
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- Obtains exclusive worldwide rights (outside Greater China) to develop and commercialize EO-3021 (SYSA1801)
- Expands pipeline to now include two clinical stage precision oncology candidates for patients with genomically defined solid tumors, including those with Claudin18.2 overexpression
- Company expects to initiate a Phase 1 clinical trial in the U.S. evaluating EO-3021 (SYSA1801) in 2023
- Management to host an investor conference call and webcast today at 5:00 p.m. ET
NEW YORK, July 28, 2022 /PRNewswire/ -- Elevation Oncology, Inc. (Nasdaq: ELEV), a clinical stage biopharmaceutical company focused on the development of precision oncology products for patients with genomically defined cancers, today announced that it has entered into an exclusive license agreement with CSPC Megalith Biopharmaceutical Co., Ltd, a subsidiary of CSPC Pharmaceutical Group Limited (CSPC; HKEX: 01093) to develop and commercialize EO-3021 (SYSA1801), a differentiated, clinical stage antibody drug conjugate (ADC) targeting Claudin18.2, in all global territories outside Greater China (mainland China, Hong Kong, Macau and Taiwan). SYSA1801 is currently being evaluated by CSPC in a Phase 1, dose-escalation clinical trial in China. Elevation Oncology expects to initiate a Phase 1 clinical trial evaluating EO-3021 in the U.S. in 2023.
"This licensing transaction represents successful, continued execution of our business development strategy and expands our clinical-stage pipeline," said Shawn M. Leland, PharmD, RPh, Founder and Chief Executive Officer of Elevation Oncology. "We look forward to unlocking the potential of EO-3021 alongside our partner CSPC as we continue to build an industry-leading precision oncology company. EO-3021 is an exciting, differentiated ADC that has significant potential for the treatment of patients with solid tumors that express Claudin18.2, including those with genomically defined cancers. This transaction is a significant milestone for Elevation Oncology which further diversifies our company, expands our commercial potential and allows us to leverage our existing expertise in genomically defined cancers."
Claudin18.2 is a protein expressed across several types of solid tumors including many gastrointestinal cancers such as gastric, gastroesophageal junction (GEJ), and pancreatic cancer. EO-3021 is an ADC containing monomethyl auristatin E (MMAE) payload, a potent anti-mitotic agent. MMAE has been clinically validated as an effective anti-tumor payload and is the cytotoxic component of four U.S. Food and Drug Administration-approved ADCs.
"Claudin18.2 is a clinically validated oncology target that has significant potential in multiple gastrointestinal cancers and several other solid tumors, and could be best addressed by utilizing a weaponized antibody like EO-3021," said David Dornan, PhD, Chief Scientific Officer of Elevation Oncology. "High Claudin18.2 expression is associated particularly with gastrointestinal cancers, but can also frequently be found in lung, breast and liver cancer, representing an attractive commercial market opportunity. The targeting of Claudin18.2 with EO-3021 could have a transformative role in addressing the unmet medical need in patients whose tumors express Claudin18.2."
Under the terms of the agreement, Elevation Oncology will develop and commercialize EO-3021 in all global territories outside of Greater China. In exchange, CSPC will receive a one-time, upfront payment of $27 million. CSPC will also be eligible to receive up to $148 million in potential development and regulatory milestone payments and up to $1.0 billion in potential commercial milestone payments plus royalties on net sales.
"This agreement with Elevation Oncology brings our innovative pipeline overseas with the potential to help patients battling cancer. We are delighted to partner with Elevation Oncology to realize the full global potential for SYSA1801 (EO-3021) in meeting the unmet medical needs in pancreatic and gastric cancer, as well as other types of cancers," said Zhang Cuilong, Chief Executive Officer of CSPC. "Recognizing the value that Elevation Oncology has created in building an industry-leading operational platform for enrolling clinical trials in genomically defined patient populations, this partnership gives us confidence in the potential worldwide development of this program targeting Claudin18.2."
Conference Call and Webcast Information
Elevation Oncology will host an investor conference call and webcast today, Thursday, July 28, 2022, at 5:00 p.m. ET to discuss the licensing transaction with CSPC. To access the live call, please dial 1-877-870-4263 (local) or 1-412-317-0790 (international) at least 10 minutes prior to the start time of the call and ask to be joined into the Elevation Oncology investor call. The live, listen-only webcast of the conference call can be accessed by visiting the "Events" page within the "Investors" section of Elevation Oncology's website at www.elevationoncology.com. An archived replay of the webcast will be available on Elevation Oncology's website approximately two hours after the event.
About EO-3021
EO-3021 (also known as SYSA1801) is a differentiated, clinical stage antibody drug conjugate that targets Claudin18.2. Claudins are a family of proteins acting to maintain the tight junction that controls the interchange of molecules between cells and are mainly found in gastric, pancreatic, and lung tissues.1 Claudin18.2 is a specific subtype that is expressed in only cancer cells of the gastric epithelia.1 When the gastric epithelial cells become malignant, the tight junctions become disrupted, exposing the Claudin18.2 epitopes and allowing them to be targeted by anti-cancer agents.1 An Investigational New Drug application for EO-3021 has been cleared with the U.S. Food and Drug Administration.
About Elevation Oncology, Inc.
Elevation Oncology is founded on the belief that every patient living with cancer deserves to know what is driving the growth of their disease and have access to therapeutics that can stop it. We aim to make genomic tests actionable by selectively developing drugs to inhibit the specific alterations that have been identified as drivers of tumor growth. Together with our peers, we work towards a future in which each tumor's unique genomic test result can be matched with a purpose-built precision medicine to enable an individualized treatment plan for each patient. Our most advanced candidate, seribantumab, is intended to inhibit tumor growth driven by NRG1 fusions and is currently being evaluated in the Phase 2 CRESTONE study for patients with solid tumors of any origin that have an NRG1 gene fusion. Details on CRESTONE are available at www.NRG1fusion.com. The Company's other product candidate, EO-3021, is a differentiated, clinical stage antibody drug conjugate that targets Claudin18.2 and is currently being developed for the treatment of genomically defined solid tumors. For more information, visit www.ElevationOncology.com.
About CSPC Pharmaceutical Group Limited
CSPC is a leading pharmaceutical conglomerate in China with strong capabilities in research and development, manufacturing, and marketing of innovative drugs. The Company was listed on the Hong Kong Stock Exchange (stock code: HK1093) in 1994 and became a constituent stock of the Hang Sang Index in 2018. Currently, it is also a constituent stock of Hang Seng Composite Index, Hang Seng Healthcare Index, Hang Seng Mainland Healthcare Index, Hang Seng Stock Connect Index, Hang Seng (Hong Kong-listed) 100 Index and Hang Seng China Enterprise Index. CPSC has more than 24,000 employees. CSPC has a national top research and development team with research and development bases in Shijiazhuang, Shanghai, Beijing, and the United States, focusing on the discovery, research and development of small molecule targeted drugs, nanodrugs, monoclonal antibody drugs, bispecific antibody drugs, antibody-drug conjugates, mRNA vaccines, small nucleic acid drugs and biological drugs in the immune field. For more information, please visit its website at http://www.e-cspc.com
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, including, but not limited to, expectations relating to Elevation Oncology's licensing transaction with CSPC, Elevation Oncology's anticipated preclinical and clinical development activities, potential benefits of Elevation Oncology's product candidates, potential market opportunities for Elevation Oncology's product candidates and the ability of Elevation Oncology's product candidates to treat their targeted indications. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. These forward-looking statements may be accompanied by such words as "aim," "anticipate," "believe," "could," "estimate," "expect," "forecast," "goal," "intend," "may," "might," "plan," "potential," "possible," "will," "would," and other words and terms of similar meaning. Although Elevation Oncology believes that the expectations reflected in such forward-looking statements are reasonable, Elevation Oncology cannot guarantee future events, results, actions, levels of activity, performance or achievements, and the timing and results of biotechnology development and potential regulatory approval is inherently uncertain. Forward-looking statements are subject to risks and uncertainties that may cause Elevation Oncology's actual activities or results to differ significantly from those expressed in any forward-looking statement, including risks and uncertainties related to Elevation Oncology's ability to advance its product candidates, the timing and results of preclinical studies and clinical trials, approvals and commercialization of product candidates, the receipt and timing of potential regulatory designations, the impact of the COVID-19 pandemic on Elevation Oncology's business, Elevation Oncology's ability to fund development activities and achieve development goals, Elevation Oncology's ability to protect intellectual property, Elevation Oncology's ability to establish and maintain collaborations with third parties and other risks and uncertainties described under the heading "Risk Factors" in documents Elevation Oncology files from time to time with the U.S. Securities and Exchange Commission. These forward-looking statements speak only as of the date of this press release, and Elevation Oncology undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof.
References
1 Zhang, et al. Evaluation and reflection on claudin 18.2 targeting therapy in advanced gastric cancer. Chin J Cancer Res. 2020 Apr; 32(2): 263–270.
Elevation Oncology Investor and Media Contact
Candice Masse, 978-879-7273
Senior Director, Corporate Communications & Investor Relations
cmasse@elevationoncology.com
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| 2022-07-28T13:02:52Z
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Sparks fly at the Pottsboro Youth Association meeting.
POTTSBORO, Texas (KXII) - Parents came to the PYA meeting to voice concerns regarding financial discrepancies involving a former member and a purchase of beer.
The PYA allowed members the floor, with some members speaking up on behalf of the accused.
Emotions ran high at one point - one member ultimately reminded the association the main reason they joined the association.
The board member said, “All of our behavior is only hurting your children, and it’s too bad we can’t all come together to be one, because there’s not this Cardinal, and that Cardinal, we’re all Cardinals.”
The meeting continued with a discussion on how to run the Pottsboro Youth Association in the future, and how to move on from past mistakes.
The Pottsboro Youth Association confirmed taxes for 2020 and 2021 were not filed, but they have recently released all other financial documents to the CPA.
Copyright 2022 KXII. All rights reserved.
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https://www.kxii.com/2022/06/23/sparks-fly-pottsboro-youth-association-meeting/
| 2022-06-23T04:14:00Z
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REDMOND, Wash., July 12, 2022 /PRNewswire/ -- Microsoft Corp. will publish fiscal year 2022 fourth-quarter financial results after the close of the market on Tuesday, July 26, 2022, on the Microsoft Investor Relations website at https://www.microsoft.com/en-us/Investor/. A live webcast of the earnings conference call will be made available at 2:30 p.m. Pacific Time.
Microsoft (Nasdaq "MSFT" @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.
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| 2022-07-12T20:18:51Z
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- Consumers continued to pay well above MSRP for a new vehicle, marking 10 straight months of an "over sticker" market.
- With low inventory and high demand, incentives dropped to a record low in March, averaging only 3.2% of the average transaction price.
- In March 2022, Mitsubishi and Jeep delivered the largest year-over-year price gains.
ATLANTA, April 11, 2022 /PRNewswire/ -- New-vehicle average transaction prices (ATPs) decreased to $45,927 in March 2022 after reaching a record high in December 2021, according to new data released by Kelley Blue Book, a Cox Automotive company. Prices fell 0.3% ($156) month over month, but remain elevated compared to one year ago, up 12.9% ($5,247) from March 2021.
New-vehicle inventory days' supply was in the low 30s in March while customer demand remained high. These conditions enabled dealers to continue selling inventory at or above the manufacturer's suggested retail price (MSRP). In March, new vehicles from Kia, Honda and Mercedes-Benz were transacting on average between 7.8% and 9.8% over MSRP. On the other side of the spectrum, Volvo, Buick and Lincoln were selling around 1% below MSRP.
"With a myriad of supply chain issues disrupting global vehicle production, we expect inventory to remain tight through the rest of the year and prices to remain high," said Michelle Krebs, executive analyst for Cox Automotive.
The average price paid for a new non-luxury vehicle last month was $42,364, down $53 from February and marking the fifth consecutive monthly decrease for non-luxury. However, while the average MSRP on a non-luxury vehicle has decreased over the past five months, car shoppers still are paying on average more than $970 above sticker price. Consumers have paid more than MSRP for each of the last 10 months, whereas one year ago, non-luxury vehicles were selling for more than $1,300 under MSRP.
In March 2022, the average luxury buyer paid $65,123 for a new vehicle, up $272 month over month and still $2,550 above sticker price. For comparison, luxury vehicles were selling for more than $2,400 under MSRP one year ago. Luxury vehicle share fell to 15.4% of total sales in March, down from 16.3% of total sales in February and down from 18.4% in December 2021, which helped push overall ATPs to a record high of $47,064 at the end of last year.
New-vehicle average transaction price changes month-over-month by segment saw only cars increasing and all other segments decreasing. Cars had an average transaction price of $41,570 in March, a $216 increase month over month. With an ATP of $47,024, vans saw the largest decrease of $983 in March, followed by trucks ($54,622 ATP) with a $288 decrease. SUVs decreased by $162 to an ATP of $44,645. Meanwhile, vans still had the lowest incentives (expressed as a percent of ATP) at 1.6% and trucks had the highest at 3.7%. Incentives dropped to a record low level in March, averaging only 3.2% of the average transaction price.
For more information and news from Kelley Blue Book's KBB.com, visit www.kbb.com/media/, follow us on LinkedIn at https://www.linkedin.com/company/kelley-blue-book/, Twitter at www.twitter.com/kelleybluebook (or @kelleybluebook), like our page on Facebook at www.facebook.com/kbb and follow us on Instagram at https://www.instagram.com/kbb_com/ (or @kbb_com).
Founded in 1926, Kelley Blue Book, The Trusted Resource®, is the vehicle valuation and information source trusted and relied upon by both consumers and the automotive industry. Each week the company provides market-reflective values on its top-rated website KBB.com, including its famous Blue Book® Trade-In Values and Kelley Blue Book® Price Advisor tool, which provides a range for what consumers can reasonably expect to pay for a vehicle in their area. Car owners looking to sell immediately can also get a redeemable, transaction-ready offer with Kelley Blue BookSM Instant Cash Offer. The company also provides vehicle pricing and values through various products and services available to car dealers, auto manufacturers, finance and insurance companies, and governmental agencies. Kelley Blue Book is a Cox Automotive brand.
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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| 2022-04-11T13:19:24Z
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United Way celebrates community discussion enhanced by pandemic restrictions
TOPEKA, Kan. (WIBW) - Representatives of several Topeka community organizations gathered tonight to celebrate a tradition born from the pandemic.
United Way of Greater Topeka commemorated two years of weekly zoom calls between community partners. The calls host representatives from nearly 50 area nonprofits and community agencies, from the Topeka Rescue Mission and SENT to the Shawnee County Health Department and Topeka Public Schools.
The first meeting was called as a way to discuss the emerging needs and ways to pull together as the pandemic began in March 2020.
“One thing that the pandemic certainly did was open all of our eyes about how we can do things better and how we can support each other and work together in different ways,” UWGT President/CEO Jessica Lehnherr. “We all had to lean on each other in different circumstances. This meeting was an opportunity for us to immediately talk with each other and share ideas on how we can help each other out better.”
Even as the pandemic subsides, Lehnherr says the meetings will continue as a way to address new challenges that arise.
UWGT (convener), Habitat for Humanity, Blue Cross and Blue Shield of Kansas, Cornerstone, Community Action, Topeka Rescue Mission, Family Service and Guidance Center, Kansas Legal Services, Housing and Credit Counseling, Inc., Child Care Aware of Northeast Kansas, Harvesters, Topeka & Shawnee County Public Library, YWCA of Northeast Kansas, East Topeka Senior Center, Communities in Schools of Mid-America, GraceMed Topeka, Kansas Children’s Discovery Center, Topeka Public Schools, Valeo Behavioral Health, Shawnee County Extension, Shawnee County Health Department, Mirror, Inc., Jayhawk Area Agency on Aging, Evergy, Kansas Gas Service, Doorstep, SENT, Omni Circle Group, Prevention and Resiliency Services, City of Topeka, Salvation Army, Community Resources Council and others.
Copyright 2022 WIBW. All rights reserved.
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https://www.wibw.com/2022/04/20/united-way-celebrates-community-discussion-enhanced-by-pandemic-restrictions/
| 2022-04-20T02:31:54Z
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The family of Patrick Lyoya, a Black man who was fatally shot by a Michigan police officer during a traffic stop earlier this month, has asked civil rights leader Rev. Al Sharpton to deliver the eulogy during their son's funeral Friday.
This week, Lyoya's family announced through their attorney, Ben Crump, that the funeral will be held at 11 a.m. ET at the Renaissance Church of God in Christ in Grand Rapids, Michigan, according to a joint release from Crump and the National Action Network (NAN).
Crump, who has represented the families of Breonna Taylor, George Floyd and Michael Brown and other high-profile victims of police violence, will make a call to action during the funeral services, the release said.
Sharpton and NAN have pledged to help Lyoya's family cover his funeral costs, the release says.
Lyoya, 26, moved to the United States with his family from the Democratic Republic of Congo in 2014 and "tirelessly worked to support his family," according to the release.
An officer from the Grand Rapids Police Department fatally shot Lyoya on April 4 after pulling him over for an allegedly unregistered license plate. The police department released several forms of video footage capturing the approximately two minute and 40 second interaction.
An autopsy commissioned by Lyoya's family shows he was shot in the back of the head by the Grand Rapids officer, who has not been publicly identified. Lyoya wasn't armed at the time of the shooting, according to a family attorney.
The Michigan Department of Civil Rights (MDCR) has made a request to the Justice Department to launch a "pattern-or-practice" investigation into the police department following the fatal shooting of Lyoya.
What the video shows
The footage released by the police department begins with the officer walking toward the car, CNN previously reported.
According to the video footage, Lyoya turns his back to the officer and appears to walk toward the front of the car. The officer puts his hands on Lyoya's shoulder and back, saying "no, no, no, stop, stop," and Lyoya is seen resisting the officer's touch and backing away from the officer.
The officer tackles him to the ground. Video shows Lyoya getting up and standing, the officer drawing and then deploying a Taser, though police say the prongs didn't hit Lyoya.
The two end up physically struggling on the ground once more, where the officer shot Lyoya. The officer is heard saying "let go of the Taser" before firing the fatal shot.
The-CNN-Wire
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| 2022-04-22T07:41:54Z
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Gen Z-Favorite Brand Known For Disrupting The Coffee Space Raises Funds For Further Expansion And Development
LOS ANGELES, Aug. 16, 2022 /PRNewswire/ -- Chamberlain Coffee, the brainchild of Youtube phenomenon Emma Chamberlain, announced today the closing of its $7M Series A funding round. The brand, which supports a new generation of coffee drinkers, has secured a cult-like following through its vast selection of offerings and promise of high-quality, organic coffee beans sustainably sourced from around the world and roasted in California. Since its creation in 2019, Chamberlain Coffee has quickly grown a loyal fanbase that has sold out products within hours of launch on multiple occasions. In deeply understanding their audience, the brand has been able to lean heavily on social engagement to create a unique connection with new customers and fans with each story and post, a strategy that has been a key driver for the brand's heightened success. This funding round will help the brand expand into new channels, and develop new and innovative products to further its mission of being an innovator in the beverage space.
"Chamberlain Coffee has grown exponentially since its inception, and this is only the beginning. In finding a group of investors for the brand who believe in and share our vision, we know Chamberlain Coffee will reach new heights and become the go-to coffee brand of this generation," said Chamberlain Coffee CEO Christopher Gallant.
Following immense achievements since the brand's establishment, Chamberlain Coffee's buzz has investors jumping to take a sip of their cup. The funding round is led by venture builder Blazar Capital who has supported Emma all the way in the coffee journey and the development of the business, the founders of Ole & Steen / Lagkagehuset, Ole Kristoffersen and Steen Skallebaek, Founder of Grin, Brandon Brown and DTC expert Nik Sharma, and beverage industry veteran Ken Sadowsky.
"I created Chamberlain Coffee out of my passion for coffee and the community that surrounds it. I am still in awe of how many people share that same passion and have fallen in love with our products. To be able to grow this business, launch new products and work in this space every day is a dream come true. I am so thankful that we have been able to grow Chamberlain Coffee into the brand I dreamed it to be, and I can't wait for what the future holds." said Chamberlain Coffee founder and investor Emma Chamberlain.
Chamberlain Coffee's success has gone well beyond its direct-to-consumer model, reaching more customers than ever before. Recent launches include LA hot-spot Erewhon, national grocer Sprouts and digital delivery market Gopuff along with partnerships with top brands like Levi's, Swoon, OffLimits Cereal and Nutpods prove just that. The brand's success boils down to its modern, approachable and lighthearted take on the coffee industry, allowing fans to grow and evolve through each new launch and collaboration.
Chamberlain Coffee is available on ChamberlainCoffee.com, Amazon.com and at select retailers. For more information on Chamberlain Coffee, and to stay up to date on the latest product launches, follow on Instagram at @chamberlaincoffee.
ABOUT CHAMBERLAIN COFFEE
Founded by YouTube phenomenon Emma Chamberlain, Chamberlain Coffee is high-quality, sustainably sourced organic coffee roasted in California, so you can feel good about the coffee you're sipping on. No pesticides, no BS. Available in single-serve bags, instant sticks, ground and whole bean options, Chamberlain Coffee is symbolized by different characters to encapsulate the different coffee drinker in all of us. The brand also has various other delicious offerings, including their 5x sold-out Matcha, Cocoa Grizzly Hot Chocolate, and recently launched Chocolate Covered Espresso Beans. Supporting coffee-farming communities in Latin America, Chamberlain Coffee works with Food4Farmers to ensure long-term food security for coffee-farming families.
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| 2022-08-16T13:30:47Z
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Q BioMed Outlines Strategy and Value Proposition in Multi-Billion Dollar Markets
Published: May. 6, 2022 at 7:30 AM CDT|Updated: 2 hours ago
Management's assessment and value of Q BioMed outlined
NEW YORK, May 6, 2022 /PRNewswire/ -- Q BioMed, Inc. (OTCQB: QBIO) a commercial-stage biotechnology development company outlines its strategy and value proposition for its stakeholders and shareholders.
Q BioMed Inc. is a commercial stage biomedical acceleration and development company focused on licensing, acquiring, and providing strategic resources to innovative and value driven biotech asset development. We have mitigated some traditional biotech single-asset risks by acquiring multiple assets over time and across a broad spectrum of disease indications and in large addressable markets. We have spent the last 6 years developing our portfolio to a point where its value is starting to be realized. The focus for 2022 and beyond is to monetize the current pipeline and build a platform for future growth. There are 4 areas of focus: commercial product revenue growth, partnerships, joint venture equity value and future development platform.
Commercial Product Revenue Growth: Strontium89 FDA Approved Radiopharmaceutical for the treatment of metastatic cancer bone pain.
We believe that Strontium89 has great potential in the cancer palliation space. As a result of a world in which opioids were a treatment of choice for those patients unlucky enough to be diagnosed with painful metastatic cancers in the bone, we felt that Strontium89 had become a neglected and forgotten drug. We have stayed committed to our belief that Strontium89 is a valuable treatment and have focused on advancing that asset from concept, a neglected drug, to a fully approved, reimbursed commercial product. Since we acquired Strontium89, we have built an infrastructure to commercialize the product, including manufacturing, branding, pharmacovigilance, reporting, federal supply contract, and entering into distribution agreements in the United States and several other countries. We believe that our last remaining investment is now focused on a sales team to promote the drug both in federal and non-government institutions and clinics. Revenue has started to grow even without a sales force fully deployed. We expect revenues to grow steadily and over the next 12-18 months. Our sales for March, the start of our Q2, have already exceeded those of our Q1 revenue number and we recently received a $500,000 order from our distribution partner to supply the Chinese market, which we will begin fulfilling once all the required licenses and logistics are in place. We are encouraged by this growth in the absence of a field sales force, which we expect to deploy post funding.
We believe this asset alone has a value exceeding that of the current market cap of the entire company. With sales expected to hit the million dollar mark this year, $3 to $5M next year and $5 to $7M in 2024, a reasonable net present value for this asset alone could be $15M conservatively.
Mannin Research Platform Drugs for ARDS, Glaucoma, Kidney Diseases and others in several multi-billion markets.
With the uptake of vaccines for COVID-19 growing, the infection numbers are still soaring around the world due to new variants and communities growing apathy and resistance to mandates and social restrictions. In partnership with Q BioMed Inc.. Mannin Research Inc. (Mannin), our technology partner, is developing a unique, novel and first-in-class therapeutics for patients with Acute Respiratory Distress Syndrome (ARDS). In addition, Mannin is developing a companion diagnostic to detect ARDS in both COVID and non-COVID patients.
ARDS is seen in both moderate-to-severe COVID patients as well as non-COVID. The therapeutic in development treats the patients (the Host), not the virus (or other pathogen). It acts on the host to improve endothelial cell function. We believe this makes it an invaluable treatment for Corona viruses, as well as other viruses like influenza. The ARDS therapeutic and companion diagnostic are strategically important set of tools needed for the future. We expect it to be ordered by governments around the world as part of a pandemic therapeutics strategy, augmenting the vaccine strategy already in place. The market for this kind of treatment in the current pandemic climate is substantial and global. ARDS is a $50 billion a year market.
Independent of Q BioMed's contributions, Mannin has raised more than $10million USD to enable the rapid development, manufacturing, and initial clinical testing with COVID patients of the ARDS therapeutic.
Mannin expects to raise additional financing, much of which may be non-dilutive over the next 12 months in order to scale-up and accelerate its manufacturing process and begin large clinical scale trials.
As part of this acceleration Mannin's team of experts in this field has now been expanded to over 20 scientists and engineers with world-class expertise in commercial manufacturing of protein therapeutics.
The financing activities of Mannin and the progress with its ARDS program has effectively de-risked much of the program as its enters clinical trials within the next 10 months.
Successful clinical safety data in the Phase I clinical program for ARDS ($50B) will support the development of two additional therapeutics in adjacent markets, glaucoma ($7B) and kidney disease ($70B)
With safety data achieved in the phase I, the de-risking of the asset in the Phase I trial, we believe there are licensing opportunities for the glaucoma and kidney disease indications as well.
What does that mean for Q BioMed? Based on our current agreement and potential equity stake, this could easily double our current market cap on a mark to market valuation of the equity; with a forward-looking net present value being significantly higher. If the Mannin value is achieved based on the asset development roadmap, as well as the expected license and marketing revenues, it could be a contingent asset value of approximately $60M for Q BioMed.
UTTROSIDE B – Liver Cancer Chemotherapeutic
Along with our developmental partners, we are advancing an innovative treatment for liver cancer, a disease indication that currently has a high unmet need. This molecule was identified in India, traditionally used to treat liver ailments. Subsequent research on that isolated molecule showed promising data, indicating that the molecule was more cytotoxic, killing cancer cells more effectively, in liver cancer cells lines than the current first line liver cancer chemotherapeutic. We have advanced this from a naturally occurring unsustainable plant product to a commercially viable and scalable synthetic drug candidate. This provides an opportunity to partner this asset with a larger oncology focused institution. Currently, there are only two approved first-line liver cancer therapies. We have received Orphan Drug Designation, and we are now preparing to advance this toward clinical partnership. The current first line chemotherapeutic for liver cancer is a billion dollar a year drug with very little competition. Putting this asset into a fully funded clinical program would highlight its value in a billion-dollar addressable market segment.
Development Platform – Rare Disease Focus
During 2022 we will focus our future development platform on the Rare Disease Space. This focusses our resources on an area in which we already have a presence. Our liver cancer drug candidate, Uttroside B, has already received Orphan Drug Designation. We expect to partner this asset in mid-2022 and will grow our development platform through in-licensing or acquisition.
Our planned acquisition in this rare disease platform will also complement our early-stage treatment for young minimally verbal children on the Autism Spectrum. The siRNA target acquisition has one IND ready to start a clinical trial and dozens more indications to follow. This is a platform that could churn out rare disease therapies in markets with little or even no competitive products. This is how some of the biggest names in rare diseases became billion-dollar companies.
Corporate Development
With the outline of the value in the pipeline at Q BioMed, it is extremely disappointing to see the market cap and stock price where it is. It is our belief that this is not due to lack of fundamentals as evidenced by the above opportunities we have created. Our current capital structure has created a roadblock to our ability to fully fund these development opportunities. We are working with our debt holders to navigate to a better cap table and an uplisting to the Nasdaq. This may include changes to management to augment our access to capital and expertise in some areas. As shareholders, our interests are aligned with all of you. Accordingly, we hope that you will realize the value in the deep pipeline at Q BioMed and continue to support our vision to bring important therapies to the patients that need them and of course create real value for you in the process.
About Q BioMed Inc.
Q BioMed Inc. (Q) is a commercial-stage biomedical acceleration and development company. We are focused on licensing and acquiring biomedical assets across the healthcare spectrum. Q is dedicated to providing these target assets the strategic resources, developmental support, and expansion capital they need to ensure they meet their developmental potential, enabling them to provide products to patients in need.
Forward-Looking Statements:
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to our growth strategy and product development programs and any other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. Factors that could cause actual results to differ materially from those currently anticipated are: risks related to our growth strategy; risks relating to the results of research and development activities; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; uncertainties relating to preclinical and clinical testing; our dependence on third-party suppliers; our ability to attract, integrate, and retain key personnel; the early stage of products under development; our need for substantial additional funds; government regulation; patent and intellectual property matters; competition; as well as other risks described in our SEC filings. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law. There may be other risks and circumstances that management may be unable to predict. When used in this press relese, words such as, "believes," "expects," "intends," "plans," "anticipates," "estimates" and similar expressions are intended to identify forward-looking statements, although there may be certain forward-looking statements not accompanied by such expressions.
Q BioMed Media Contact:
Denis Corin
CEO
Investor Relations:
Keith Pinder
+1(404) 995-6671
ir@qbiomed.com
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The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc.
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https://www.kxii.com/prnewswire/2022/05/06/q-biomed-outlines-strategy-value-proposition-multi-billion-dollar-markets/
| 2022-05-06T14:37:05Z
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ATLANTA -- Georgians suffering from mental distress now have a new nationwide three-digit phone number they can call for help.
The new 9-8-8 National Suicide Prevention Lifeline went into effect on Saturday. Dialing the number puts a caller into direct contact with a trained mental health counselor rather than an emergency dispatcher who must handle a variety of calls, including crimes in progress, fires and traffic accidents.
Counselors are able to address a caller’s immediate mental health needs and help connect them to ongoing care.
Today, an estimated 8% of all calls to 9-1-1 are related to a mental health crisis, according to data from Vibrant Emotional Health. The new 9-8-8 number will provide an easy-to-remember three-digit number people can call to receive the right mental-health crisis support.
Georgia is well-prepared to make the 9-8-8 system a success, Judy Fitzgerald, commissioner of the state Department of Behavioral Health and Developmental Disabilities, said.
Calls to the new number from Georgia will be routed through the Georgia Crisis and Access Line, which was established in 2006 to provide around-the-clock support to people in crisis.
“Georgia’s work to develop its crisis network over the past 12 years has DBHDD well-positioned for change,” Fitzgerald said. “I am very excited about this work, how important it is, both in preventing suicide and in building a diverse coalition to develop an infrastructure that supports Georgians’ mental well-being for generations to come.”
The new system is expected to reduce health care spending with more cost-effective early intervention, reduce the use of law enforcement and other safety resources by diverting calls from people in mental health crisis, meet a growing need for crisis intervention and help end the stigma people feel when seeking mental health services.
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| 2022-07-18T18:43:11Z
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MCLEAN, Va., July 6, 2022 /PRNewswire/ -- The Children's Advertising Review Unit (CARU) of BBB National Programs has found Outright Games, owner and operator of the Bratz Total Fashion Makeover app, in violation of the Children's Online Privacy Protection Act (COPPA) and CARU's Self-Regulatory Guidelines for Advertising and for Children's Online Privacy Protection. Outright Games agreed to correct the violations.
The Bratz Makeover app, featuring Bratz characters licensed by MGA Entertainment, came to CARU's attention through its routine monitoring of child-directed content. Given the app's subject matter, its bright colors and visual content, the lively audio content, and gameplay consisting of simple matching puzzles, CARU determined that Outright Games' Bratz Makeover app qualified as a "mixed audience" child-directed app and as such is subject to COPPA and CARU's Guidelines.
Under COPPA and the CARU Privacy Guidelines, an operator is permitted to implement a neutral age screen for a mixed-audience service for the purpose of providing those users under age 13 with COPPA protections, including by either ensuring no personal information is collected from children or by obtaining verifiable parental consent prior to any collection. In addition, long-standing Federal Trade Commission (FTC) guidance states that operators should use technical means to prevent children from back-buttoning to enter a different age.
Outright Games implemented an initial age screen, followed by a "parent gate" that looked identical to the initial age screen. Outright Games informed CARU that it intended the age screen and parent gate to prevent the collection of personal information from children under 13, prevent children from making in-app purchases or using its social media functions. CARU determined, however, that the parent gate allowed users, who had identified themselves as under age 13 on the initial age screen, to make unlimited attempts to change their age in responding to this second gate without prior verifiable parental consent. Once a child entered the age of 13 or older in response to the parent gate, this reversed the intended protections of the initial age screen, allowing the child to make in-app purchases, interact with social media through the settings features, and potentially agree to be tracked for behavioral targeting.
Moreover, CARU found that the app's two-part age-screening system was not neutral in practice. Given many children's propensity to falsify their ages in order to not "miss out" on activities open to older users, CARU urges companies to go beyond the low bar of age-gating to incorporate privacy-by-design and systematic procedures of trust and safety from the ground up.
In addition, CARU determined that Outright Game's privacy notices failed to comply with COPPA and CARU's Privacy Guidelines due to unclear, incomplete, and at times contradictory language.
CARU's Advertising Guidelines make clear that advertisers must not manipulate or deceive children. Conduct that would violate this provision includes the use of deceptive door openers and other tactics that either pressure or manipulate a child into engaging with ads, downloading and installing unnecessary apps, or making unintended purchases.
CARU found that the Bratz Makeover app served multiple ads, often appearing on completion of a game level and advertising other apps, and the ads could not be stopped or dismissed until users had downloaded the advertised app or watched the entire ad. These video ads often included interactive features that mimicked the App's gameplay, encouraging players to engage with the ad. CARU found these ads excessively interfered with gameplay, required children to download and install unnecessary apps, and often provided unclear and inconspicuous methods for children to exit the ad and return to the game. While the CARU Advertising Guidelines do not require in-app ads to provide an exit method, they specify that where one is offered it must be clear and conspicuous.
Additionally, to prevent blurring the lines between advertising and non-advertising content, CARU's Advertising Guidelines make clear that advertisers should take extra care to be transparent when advertising to children and that advertisements must be easily identifiable as advertising. The app failed to use simple, clear, and conspicuous language to let children know that by clicking certain buttons, they would be required to view an ad. In addition, the app failed to clearly and conspicuously disclose that products featured in the game were paid ads.
Last, CARU found that the app displayed some advertisements that were unsafe and inappropriate for children. CARU's Advertising Guidelines make clear that advertisements should not include material or link to content that could unduly frighten or provoke anxiety in children, that portrays or encourages behavior inappropriate for children (e.g., violence or sexuality), or that is otherwise inappropriate for children.
CARU recommended that Outright Games take the following corrective actions:
- Provide a neutral and effective age-screen so the app doesn't inadvertently collect, use or disclose, or share with third parties, personal information of users under age 13 without first obtaining verifiable parental consent.
- Provide clear and understandable notice of its children's information collection and use practices.
- Cease excessive and manipulative means of ad serving.
- Provide clear and conspicuous disclosures of all ads.
- Ensure any methods offered by the app to exit ads are clear and conspicuous.
- Monitor and ensure advertisements are safe and appropriate for children.
Outright Games participated in CARU's self-regulatory program and provided CARU with a detailed plan to remedy the concerns raised in the decision to comply with COPPA and CARU's Advertising and Privacy Guidelines.
All BBB National Programs case decision summaries can be found in the case decision library. For the full text of NAD, NARB, and CARU decisions, subscribe to the online archive.
About BBB National Programs: BBB National Programs is where businesses turn to enhance consumer trust and consumers are heard. The non-profit organization creates a fairer playing field for businesses and a better experience for consumers through the development and delivery of effective third-party accountability and dispute resolution programs. Embracing its role as an independent organization since the restructuring of the Council of Better Business Bureaus in June 2019, BBB National Programs today oversees more than a dozen leading national industry self-regulation programs, and continues to evolve its work and grow its impact by providing business guidance and fostering best practices in arenas such as advertising, child-directed marketing, and privacy. To learn more, visit bbbprograms.org.
About Children's Advertising Review Unit: The Children's Advertising Review Unit (CARU), a division of BBB National Programs and the nation's first Safe Harbor Program under the Children's Online Privacy Protection Act (COPPA), helps companies comply with laws and guidelines that protect children from deceptive or inappropriate advertising and ensure that, in an online environment, children's data is collected and handled responsibly. When advertising or data collection practices are misleading, inappropriate, or inconsistent with laws and guidelines, CARU seeks change through the voluntary cooperation of companies and where relevant, enforcement action.
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https://www.wibw.com/prnewswire/2022/07/06/childrens-advertising-review-unit-finds-outright-games-violation-coppa-carus-advertising-privacy-guidelines-company-agrees-corrective-actions/
| 2022-07-06T13:37:46Z
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Lawyer charged with lying to FBI in Russia probe faces trial
WASHINGTON (AP) — A federal trial begins Monday for a lawyer for the Hillary Clinton presidential campaign who is accused of lying to the FBI as it investigated potential ties between Donald Trump and Russia in 2016.
The case against Michael Sussmann, a cybersecurity attorney who represented the Clinton campaign in 2016, is the first trial arising from the ongoing investigation by special counsel John Durham and will test the strength of evidence he and his team have gathered while scrutinizing the early days of the Trump-Russia probe for potential misconduct.
An acquittal is likely to hasten questions about the Durham probe’s purpose and cost to taxpayers while a guilty verdict will almost certainly energize Trump supporters who have long looked to Durham to expose what they see as biased mistreatment of the former president.
Sussmann is accused of misleading the FBI’s then-general counsel during a September 2016 meeting in which he presented research showing what he said might be a suspicious backchannel of communications between computer servers of the Trump Organization and Russia-based Alfa Bank.
Prosecutors allege Sussmann lied by saying that he wasn’t attending the meeting on behalf of any particular client when they say he was actually acting on behalf of two clients: the Clinton campaign and a technology executive who had helped assemble the computer data.
Durham’s team says that had the FBI been told the truth, it would have factored into the bureau’s assessment of the credibility of the Alfa Bank claims as it weighed whether to begin investigating. The FBI did look into the matter but ultimately found nothing suspicious.
Sussmann’s lawyers deny he lied but say the alleged misstatement isn’t relevant in any event since there’s no evidence that what the FBI knew or didn’t know about his political affiliations had any bearing on its decision-making.
Jurors will be selected in Washington’s federal court on Monday. In a nod to the politically loaded nature of the case, prospective jurors are being asked questions such as whether they voted in 2016 and whether they or anyone they are close with was involved in investigating potential ties between the Trump campaign and Russia.
Durham was appointed in 2019 by then-Attorney General William Barr to look for any misconduct as the U.S. government was examining potential coordination between Russia and the 2016 Trump campaign to tip the outcome of the election. An investigation by an earlier special counsel, Robert Mueller, did not find a criminal conspiracy between Russia and the Trump campaign, though it did find that Russia sought to aid Trump’s election bid.
Durham’s work has resulted in three criminal cases, but only the one against Sussmann has reached trial.
In 2020, a former FBI lawyer named Kevin Clinesmith pleaded guilty to altering an email related to secret FBI surveillance of an ex-Trump campaign adviser, Carter Page. In applying for warrants to eavesdrop on Page, the FBI relied on a dossier of anti-Trump research known colloquially as the “Steele dossier” that contained rumors and uncorroborated claims.
Last year, Durham charged a Russia analyst who was a source for that dossier with lying to the FBI about his own sources of information — among them, a longtime Hillary Clinton supporter. Igor Danchenko has pleaded not guilty. The case is pending and set for trial in October.
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Copyright 2022 The Associated Press. All rights reserved.
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https://www.kxii.com/2022/05/16/lawyer-charged-with-lying-fbi-russia-probe-faces-trial/
| 2022-05-16T11:38:50Z
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Providers will hone their skills to earlier detect and successfully address life-threatening conditions that can present during labor
The simulation technology allows OB providers to more easily access skills-trainings
This effort builds on the health care system's commitment
to combatting maternal mortality disparities present among people of color
NEW YORK and WESTMINSTER, Colo., June 16, 2022 /PRNewswire/ -- NYC Health + Hospitals and Health Scholars today announced the introduction of new virtual reality (VR) technology to NYC Health + Hospitals' course library of obstetrics (OB) simulation trainings. Co-developed with Health Scholars, a provider of innovative VR healthcare simulations, OB providers across the City's health care system will be able to hone in on skills to earlier detect and successfully address rare but life-threatening health conditions that can present during labor and delivery. The new VR technology will complement the training OB providers, including attendings, midwives, physician assistants, and residents, received from in-person training to experience simulated life-like scenarios through a VR headset, improving competencies and promoting knowledge retention at their convenience during shifts. The new VR OB training technology builds on the municipal health care system's commitment to combatting maternal mortality disparities present among people of color, often perpetuated by implicit bias.
"We must do right by all expecting families and close the significant pregnancy-related health disparities that Black and Brown moms face," said New York City Mayor Eric Adams. "By investing in technology to train health care providers on how to safely deliver babies in life-threatening scenarios, we are ensuring that all expecting parents and babies have access to the quality care they deserve."
"We know that Black women are affected disproportionately related to maternal mortality and morbidity and we must utilize every opportunity to close those equity gaps," said Deputy Mayor for Health and Human Services Anne Williams-Isom. "I am excited to see NYC Health + Hospitals leveraging technology in service and support their obstetricians and the New Yorkers they serve. These new tools are yet another part of how the city is working to provide safe, healthy births for every expectant person and family."
"I am proud to say that NYC Health + Hospitals is a leader in virtual reality simulation training," said NYC Health + Hospitals Chief Women's Health Officer Wendy Wilcox, MD, MPH, MBA, FACOG. "Thankfully, serious and life-threatening conditions during childbirth, labor, and the postpartum period are uncommon. However, ensuring that our providers have the skills necessary to deal with these critical situations is paramount."
"Being able to provide convenient, easily accessible, on-site, and realistic simulations is imperative when you want to both provide these important skills-building opportunities without disrupting any patient care," said NYC Health + Hospitals Director of Nursing Simulation Kimberly Campbell-Taylor, MSN-Ed, RN, CHSE. "Being able to offer a diverse suite of high-tech simulations that not only realistically portray the medical scenario, but also reflects what our workforce and patients look like is an important part of training our staff to provide the highest quality, expert care no matter the situation the arises in the delivery room."
The VR technology transports providers to a labor and delivery suite where they can virtually interact with their patient and team members using voice communications and real-time interactions. They are required to direct the clinical team to perform all appropriate managements according to their hospital's protocol, allowing them to realistically practice critical cognitive skills like communication, teamwork, critical thinking and decision-making during an emergency. The municipal health care system will acquire 22 VR headsets, two for each hospital, where OB providers will be able to check them out to complete their training when time permits during shifts. This training will be another arm added to the ongoing obstetrical simulation training and maternal home pre and post-natal care as part of a larger Maternal Mortality Reduction Program. The new VR technology will be available to all OB providers within NYC Health + Hospitals in the near future.
The introduction of the new VR simulation technology allows OB providers across the health care system to more easily access skills-trainings on their time, being able to sign-out the VR headset and joysticks during downtime in their shifts. Prior to the introduction of the VR technology, whole OB teams had to schedule time to travel to simulation labs across the system to complete individual scenarios.
Once the VR technology is signed out, the OB provider dons a headset and completes a short orientation on how to use their voice to interact with virtual team members and manage care. The provider is also given a brief of the patient, like they'd receive in real life through a patient's chart. Transported to a labor and delivery suite, providers can virtually interact with their patient and team members using voice communications and real-time interactions. They are required to direct the clinical team to perform all appropriate managements according to their hospital's protocol. The scenario itself takes 8 to 12 minutes to run through, which is comparable to the time allotted to safely triage the emergency during labor to avoid adverse outcomes. Once the OB provider completes the scenario, they're immediately given a grade to summarize how they reacted to the situation. They're provided a debrief that highlights what could have been done better.
Co-developers, Health Scholars, partnered with NYC Health + Hospitals due to the municipal health care system's comprehensive and high-tech approach to OB simulation trainings. Combining Health Scholars' expertise in VR technology and voice technology with NYC Health + Hospitals' expertise in OB trainings, both groups developed an immersive approach to competency trainings that will facilitate clinical skills building in health systems across the country. The simulations are also configurable so healthcare organizations can teach and validate competencies against national evidence-based guidelines from American Academy of Obstetrics and Gynecology (ACOG) and California Maternal Quality Care Collaborative (CMQCC).
"Moving OB simulation into VR provides educators an affordable, efficient, and easy way to deliver students and healthcare providers the practice required to provide safe and effective care to OB patients," says Health Scholars Medical Director Pam Martin, MD, FACS. "Our VR training enables any size organization to scale readiness and, in a time where healthcare professionals are stretched to the brink, it's time to rethink how we prepare our providers to deliver the very best care possible."
Significant racial and ethnic disparities in pregnancy-related mortality exist. According to the Centers for Disease Control and Prevention, Black patients have a pregnancy-related mortality ratio approximately three times as high as that of their white counterparts. The first scenario available to OB providers will simulate postpartum hemorrhage, which is the leading cause of maternal mortality. Additional scenarios, such as maternal code, shoulder dystocia, and fetal heart monitoring will be developed and added to the VR curriculum in the coming months.
The cast depicted in the VR scenario includes a pregnant patient of color, a partner, and a diverse care team. Previously, OB simulations carried out by NYC Health + Hospitals utilized specially-designed, high-tech, full-body mannequins-of-color.
In 2018, NYC Health + Hospitals maternal mortality rates were lower than New York State's rate of 20.9/100,000 live births.
Learn more about Obstetric Hemorrhage VR Training and all of Health Scholars VR simulation solutions.
NYC Health + Hospitals is the largest municipal health care system in the nation serving more than a million New Yorkers annually in more than 70 patient care locations across the city's five boroughs. A robust network of outpatient, neighborhood-based primary and specialty care centers anchors care coordination with the system's trauma centers, nursing homes, post-acute care centers, home care agency, and MetroPlus health plan—all supported by 11 essential hospitals. Its diverse workforce of more than 42,000 employees is uniquely focused on empowering New Yorkers, without exception, to live the healthiest life possible. For more information, visit www.nychealthandhospitals.org and stay connected on Facebook at https://www.facebook.com/NYCHealthSystem or Twitter at @NYCHealthSystem.
The best training isn't watched or read. It's experienced. At Health Scholars' we're reimagining healthcare training with virtual reality (VR). Our mission is to ensure every provider has the clinical experience needed to be competent and confident in any situation by providing immersive, interactive, and on-demand clinical practice. As the only VR training using voice directed interactions, we're setting a new training standard that improves quality of care. For more information, visit HealthScholars.com or follow us on LinkedIn.
Health Scholars:
Jonathan Epstein
jonathan.epstein@healthscholars.com
617-285-1141
NYCH+H:
212-788-3339; PressOffice@nychhc.org
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https://www.wibw.com/prnewswire/2022/06/16/nyc-health-hospitals-debuts-obstetrics-virtual-reality-technology-part-its-ongoing-comprehensive-maternal-health-simulation-trainings/
| 2022-06-16T19:00:11Z
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FORT WORTH, Texas, May 5, 2022 /PRNewswire/ -- SilverPoint Senior Living along with Journey Capital proudly announce plans for the development of Edition Senior Living of Fort Worth. This new luxury Senior Living Community will bring assisted living and memory care with plans for independent living cottages in greater Northern Tarrant County. Conveniently located minutes away from Alliance Airport bordering Fort Worth and Haslet, this 100,000 square foot community will offer up to 101 assisted living and memory care units. Situated on more than 9 acres, Edition of Fort Worth will offer walking trails, a dog park, golf cart pickup and delivery services, and plans for a clubhouse dedicated to independent living residents.
This community will be the 5th collaboration between SilverPoint and Journey Capital. "Edition of Fort Worth will offer deluxe amenities and the maintenance-free lifestyle that today's active seniors demand. This is a testament to our ongoing commitment to continuing to serve seniors in Tarrant County by joining our sister property, Edition of Saginaw, which is well underway and under construction," said Anand Patel, of Journey Capital.
With the groundbreaking planned for the end of the year 2022 the Edition Senior Living of Fort Worth contributes to a growing SilverPoint family of communities. Shawn Corzine, CEO of SilverPoint, added "SilverPoint is elated to be partnering once again with Journey Capital to see the Edition become a reality. We look forward to not only serving the seniors of the Northwest Fort Worth area but also creating fulfilling job opportunities for the people of the community as well."
Along with a proven management team to oversee daily operations to cultivate a culture where the residents and staff enjoy a positive and purposeful experience, a host of deluxe amenities will be offered at Edition of Fort Worth
- Private residences
- Maintenance-Free Living
- Resort-quality amenities
- Concierge style services
- Chef-prepared meals
- 24/7 professional care
- Signature Engaged Life Programs
About Journey Capital
Journey Capital is a Dallas-based real estate investment, development, and acquisition firm specializing in senior living. Every project is a journey unto itself, with critical waypoints along the way. When complete, they become gateways for our residents to forge new connections and explore new paths along their journeys.
About SilverPoint Senior Living
SilverPoint Senior Living is a Texas senior living management company that specializes in operating independent living, assisted living, and memory care communities. Their management services include portfolio management; development and acquisition; accounting and finance; marketing and sales; and IT and digital transformation. SilverPoint is strongly committed to its five core values of family, purpose, fun, integrity, and dignity, and is known for its signature Engaged Life program in which residents enjoy a person-centered care approach designed to make their lifestyle more similar to home. It is also a certified 2021 Great Place to Work®. For more information about SilverPoint Senior Living, please visit www.silverpointsl.com or call 830-730-4472.
Media Contact:
Kelly Schwennesen
SilverPoint Senior Living
kschwennesen@silverpointsenior.com
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SOURCE SilverPoint Senior Living
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https://www.wibw.com/prnewswire/2022/05/05/journey-capital-silverpoint-senior-living-announce-their-newest-collaboration-northwest-fort-worth-texas/
| 2022-05-05T21:47:09Z
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AUSTIN (Nexstar) — Texas students could see drastic changes in social studies curriculum for the next 10 years, hinging upon a once-a-decade rewrite from the Texas State Board of Education.
Those conversations are underway in the board’s Monday special meeting to kick off August, as students are weeks away from heading back to the classroom for the 2022-23 school year.
One hundred twenty-six people signed up to speak publicly during Monday’s board meeting, where interested parties filled just about every seat in the boardroom. Twenty-one registered in favor of the curriculum changes as currently written;, 34 registered opposed and the remainder of the group are listed to only comment on the matter.
The proposal comes from a work committee of chosen content advisors and volunteer work groups. They were tasked with reviewing social studies standards and floating potential curriculum changes to the board. You can read the drafted proposed changes here.
A few lawmakers and the Texas Supreme Court Chief Justice Nathan Hecht testified at the beginning of the board meeting.
In a rare appearance, the chief justice implored board members to strengthen civic curriculum, so students will better understand the nation’s judicial system. He said there is widespread concern in the legal community about lapses in civics education and how it is affecting the nation’s health.
“Answers to these fundamental questions about the justice system are not easy. All must be taught. The first thing the public needs to trust the justice system is this — an educated understanding of how the system works, and how the three branches check and balance each other,” he said.
This discussion comes after Senate Bill 3 took effect, which state lawmakers passed during the 2021 session amidst a national debate over what can be taught in public schools and how — adding provisions to Texas’ Education Code, which change how certain topics like race and racism are explored and discussed in the classroom. These conversations in school boards across the country were part of backlash of America’s reckoning racism, sparked after the 2020 death of George Floyd, a Black man, who was killed by a police officer.
Respective committee members are giving a summary of their takeaways to board members. Watch the board meeting in real time here. The board said its discussion will begin around 2 p.m.
This is a developing story; check back for updates. Monica Madden will have a full report on KXAN at 5 p.m.
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https://cw33.com/news/texas-politics/texas-board-of-education-could-overhaul-social-studies-curriculum/
| 2022-08-01T20:02:38Z
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SOMERVILLE, Mass., Aug. 31, 2022 /PRNewswire/ -- Alloy Enterprises, the world's first Digital Aluminum Fab, announces the completion of a $3M SAFE financing round. This latest funding brings the total raised to over $10M for the two year old company.
The SAFE round was led by Lockheed Martin Ventures (LMV), who was joined by existing investors, including Congruent Ventures. Lockheed Martin Corporation (NYSE: LMT) is a global company that solves complex challenges, advances scientific discovery and delivers innovative solutions to help keep people safe.
With Alloy's novel technology, components are produced with high-strength aluminum alloys, such as 6061, with superior mechanical properties to traditionally cast parts in a fraction of the time. As manufacturers continue the decades-long struggle with a volatile supply chain and unpredictable lead times, Alloy provides a reliable solution enabling true aluminum production at scale, simultaneously allowing for development quantities.
"We are excited to join the impressive portfolio under Lockheed Martin Ventures. Their support for our mission and technology validates that we are addressing customer needs. This funding allowed the acceleration of Alloy's commercialization as the supply chain continues to hinder manufacturers' innovation ability," says CEO, Alison Forsyth. "As Lockheed Martin endeavors to create an even more resilient, agile, efficient and cost effective supply chain, we see the unique additive metal process Alloy is developing as an enabling technology," says Chris Moran, vice president and general manager, Lockheed Martin Ventures. "We have several use-cases for Alloy's capability and we want to see this technology succeed."
Alloy Enterprises was founded in early 2020 by three startup veterans who recognized a supply chain problem and saw an opportunity that matched their unparalleled expertise. Within a year of invention, the company was making parts using their novel additive manufacturing system that provides high throughput of fully-dense aluminum parts, enabling manufacturers to scale from prototyping to production. To learn more about Alloy Enterprises, visit https://www.alloyenterprises.co/
Lockheed Martin Ventures makes strategic investments in companies that are developing cutting edge technologies in core businesses and new markets important to Lockheed Martin.
More than a source of capital, Lockheed Martin Ventures provides portfolio companies with access to our world-class engineering talent, state-of-the-art technologies, and research and access to the company's international business relationships and supply chain. For more information visit: www.lockheedmartinventures.com
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https://www.wibw.com/prnewswire/2022/08/31/alloy-enterprises-secures-3m-safe-funding-led-by-lockheed-martin/
| 2022-08-31T19:26:50Z
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Sacred Heart Church kicks off German Fest with food, polka
Published: Jun. 4, 2022 at 10:34 PM CDT|Updated: 28 minutes ago
TOPEKA, Kan. (WIBW) - German Fest has arrived in the Capital City.
Sacred Heart-St. Joseph parish kicked off the annual event Saturday afternoon with an outdoor mass, followed by an evening of German food and a polka band.
Proceeds from German Fest support the church, Holy Family Catholic School and Hayden Catholic High School.
Father Tim Haberkorn says it’s important to bring the German culture and tradition to Topeka.
German Fest continues from 10 am to 5 pm Sunday, June 5. It’s held on the church’s grounds off NE Seward Ave., and NE Freeman Ave.
Copyright 2022 WIBW. All rights reserved.
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https://www.wibw.com/2022/06/05/sacred-heart-church-kicks-off-german-fest-with-food-polka/
| 2022-06-05T04:03:03Z
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$75,000 Top Award Goes to 17-year-old Robert Sansone for pioneering invention to improve electric motor efficiency in the largest international STEM competition for teens
TARRYTOWN, N.Y. and WASHINGTON, May 13, 2022 /PRNewswire/ -- Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) and Society for Science (the Society) announced that Robert Sansone, 17, of Fort Pierce, FL, won the $75,000 top award in the 2022 Regeneron International Science and Engineering Fair (Regeneron ISEF), the world's largest global high school competition, for a project that explored high-efficiency alternatives to induction motors. Other top prizes went to projects in the fields of energy storage, biomedical engineering and robotics.
The top winners were honored during two hybrid award ceremonies, the first of which took place on the evening of May 12 and featured Special Award winners. The Grand Awards Ceremony was held on the morning of May 13 and featured the announcement of the top prize of $75,000. In total, awards valued at nearly U.S. $8 million were awarded to the finalists, who were evaluated based on their projects' creativity, innovation and level of scientific inquiry. The competition featured 1,750 young scientists representing 49 states and 63 countries, regions and territories across the world.
Robert Sansone won first place and received the $75,000 George D. Yancopoulos Innovator Award, named in honor of the pioneering drug discoverer and Regeneron co-founder, President and Chief Scientific Officer. Robert's research improved the torque (force) and efficiency of synchronous reluctance motors, which are rugged, efficient, magnet-free alternatives to traditional induction motors. He hopes his research will lead to sustainable manufacturing of electric vehicles that do not require magnets made from strategically important rare-earth elements.
Abdullah Al-Ghamdi, 17, of Dammam, Saudi Arabia, received one of two Regeneron Young Scientist Awards of $50,000 for modifying a metal-organic material so it could be used to both extract hydrogen from water and safely store it for clean energy production. Because the materials he added are relatively inexpensive, his work could significantly reduce the cost of hydrogen extraction and storage.
Rishab Jain, 17, of Portland, Oregon, received the second Regeneron Young Scientist Award of $50,000 for developing an AI-based model to enable rapid and cost-effective production of drugs, such as mRNA COVID-19 vaccines, using recombinant DNA technology. His model is trained to optimize the selection of genetic codes used to instruct the mRNA.
"Congratulations to the Regeneron International Science and Engineering Fair 2022 winners," said Maya Ajmera, President and CEO of Society for Science and Publisher of Science News. "Every single Regeneron ISEF finalist has shown true dedication, passion, and grit. Their commitment to their research, and perseverance throughout the continued challenges of COVID-19 are an inspiration to us all. We are eager to watch the impact they are sure to make in their communities and chosen fields."
Regeneron ISEF provides a global stage for the best and brightest young scientists and engineers around the world. Founded on the belief that advances in science are key to solving global challenges, Regeneron ISEF supports and invests in the next generation of leading STEM thinkers who are generating ideas and acting as catalysts for the change needed to improve the well-being of all people and the planet.
"These exceptionally talented Regeneron ISEF finalists are some of the brightest minds from around the world and our greatest hope for addressing global challenges in the future," said George D. Yancopoulos, M.D., Ph.D., co-founder, President and Chief Scientific Officer of Regeneron. "Science is critical to the survival of our society, and these finalists have limitless potential to make a positive impact on the world. I congratulate them for their hard work and am eager to see what they achieve in their scientific journeys."
For the first time since 2019, ISEF finalists competed in person. More than half of the finalists gathered in Atlanta, GA at the Georgia World Congress Center and the remaining finalists participated virtually.
Other top honors from the competition include:
Napassorn Litchiowong, 17; Chris Tidtijumreonpon, 16; and Wattanapong Uttayota, 17, of Mueang Chiang Mai, Thailand received the Gordon E. Moore Award of $50,000 for Positive Outcomes for Future Generations for their creation of a faster and more accurate way to diagnose a type of liver fluke infection that can lead to bile duct cancer in humans. The team built and trained neural network software to identify the parasite's eggs in microscopic fecal images with 98% accuracy and then developed a rapid screening questionnaire that was 91% accurate.
Amon Schumann, 17, of Berlin, Germany, received the Craig R. Barrett Award for Innovation of $10,000 for developing balloon-borne, light-weight solar-powered instruments that transmit aerial images, telemetry and climate data to a website he created. His device can stay aloft for several weeks circumnavigating the Earth at a consistent altitude and greatly reduces instrumentation costs.
Rebecca Cho, 17, of Jericho, New York, received the H. Robert Horvitz Prize for Fundamental Research of $10,000 for creating a geological model that incorporates the effects of changing landscapes, climate, sea level and erosion. Her model can be used to investigate ecological changes over 20 million years in the western U.S. and potentially predict the effects of climate change on the area's biodiversity.
Anika Puri, 17, of Chappaqua, New York, received the Peggy Scripps Award for Science Communication of $10,000 for her low-cost machine learning software that can analyze night-time infrared videos taken by a drone flown over the African wilderness to spot elephant poachers in real time. In tests, her $300 system worked with 91% accuracy, a fourfold improvement over current systems, without needing high-resolution thermal cameras that can cost up to $10,000.
More information about the top winners and visual assets can be found at https://www.societyforscience.org/isef-2022-media-kit/
Asmi Kumar, 18, of Milton, Georgia; Emirhan Kurtulus, 18, of Istanbul, Turkey; and Joshua Shunk, 17, of Gilbert, Arizona received the Dudley R. Herschbach SIYSS Award, which provides the finalists with an all-expense paid trip to attend the Stockholm International Youth Science Seminar, which includes attendance at the Nobel Prize Ceremonies in Stockholm, Sweden.
Varun Madan, 17, of Orlando, Florida; and Saan Cern Yong, 16, and Shen Ze Yeoh, 15, both of Petaling Jaya, Malaysia, received the EU Contest for Young Scientists Award, which is presented to two projects that will represent Regeneron ISEF at the EU Contest for Young Scientists to be held in Leiden, Netherlands, September 12-18, 2022.
For a full list of finalists who won awards, please visit HERE and HERE.
In addition to the Top Award winners, 442 finalists received awards and prizes for their innovative research, including "First Award" winners, who each received $5,000. The following lists the First Award winners for each of the 21 categories, from which the Top Awards were chosen:
View all the finalists' research here.
About the Regeneron International Science and Engineering Fair
The Regeneron International Science and Engineering Fair (Regeneron ISEF), a program of Society for Science for over 70 years, is the world's largest global science competition for high school. Through a global network of local, regional and national science fairs, millions of students are encouraged to explore their passion for scientific inquiry. Each spring, a group of these students is selected as finalists and offered the opportunity to compete for approximately U.S. $8 million in awards and scholarships.
In 2019, Regeneron became the title sponsor of ISEF to help reward and celebrate the best and brightest young minds globally and encourage them to pursue careers in STEM as a way to positively impact the world. Regeneron ISEF is supported by a community of additional sponsors, including Broadcom Foundation, Johnson & Johnson, Gordon and Betty Moore Foundation, Akamai Foundation, Dow, Howmet Aerospace Foundation, Jacobs, King Abdulaziz & his Companions Foundation for Giftedness & Creativity, Microsoft, Microsoft Azure Sphere, National Geographic Society, Richard F. Caris Charitable Trust II, Rise, Siegel Family Endowment, Arconic Foundation, Cesco Linguistic Services, Georgia Institute of Technology, and Insaco. Previously, Intel sponsored ISEF for 20 years.
ISEF alumni have gone on to have world-changing careers in science and engineering and earn some of the most esteemed honors, including National Medal of Science recipients, MacArthur Foundation Fellows, National Academy of Sciences Members and National Academy of Engineering Inductees.
Learn more at https://www.societyforscience.org/isef/.
About Society for Science
Society for Science is dedicated to the achievement of young scientists in independent research and to public engagement in science. Established in 1921, the Society is a nonprofit whose vision is to promote the understanding and appreciation of science and the vital role it plays in human advancement. Through its world-class competitions, including the Regeneron Science Talent Search, the Regeneron International Science and Engineering Fair, the Broadcom MASTERS, and its award-winning magazine, Science News and Science News for Students, Society for Science is committed to inform, educate, and inspire. Learn more at www.societyforscience.org and follow us on Facebook, Twitter, Instagram and Snapchat (Society4Science).
About Regeneron
Regeneron (NASDAQ: REGN) is a leading biotechnology company that invents life-transforming medicines for people with serious diseases. Founded and led for nearly 35 years by physician-scientists, our unique ability to repeatedly and consistently translate science into medicine has led to nine FDA-approved treatments and numerous product candidates in development, almost all of which were homegrown in our laboratories. Our medicines and pipeline are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, pain, hematologic conditions, infectious diseases and rare diseases.
Regeneron believes that operating as a good corporate citizen is crucial to delivering on our mission. We approach corporate responsibility with three goals in mind: to improve the lives of people with serious diseases, to foster a culture of integrity and excellence and to build sustainable communities. Regeneron is proud to be included on the Dow Jones Sustainability World Index and the Civic 50 list of the most "community-minded" companies in the United States. Throughout the year, Regeneron empowers and supports employees to give back through our volunteering, pro-bono and matching gift programs. Our most significant philanthropic commitments are in the area of science education, including the Regeneron Science Talent Search and Regeneron International Science and Engineering Fair.
For additional information about the company, please visit www.regeneron.com or follow @Regeneron on Twitter.
Media Contacts
Ella Campbell, Regeneron
914-572-4003, ella.campbell@regeneron.com
Gayle Kansagor, Society for Science
703-489-1131, gkansagor@societyforscience.org
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SOURCE Regeneron Pharmaceuticals, Inc.; Society for Science
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https://www.wibw.com/prnewswire/2022/05/13/high-school-scientists-around-world-win-nearly-8m-awards-scholarships-regeneron-international-science-engineering-fair/
| 2022-05-13T19:45:59Z
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With the completion of the 5 Pilot Training Events as of July 2022, the EVPro+ program is officially launched as the first comprehensive training standards based - commercialized International EV training program.
MIDLOTHIAN, Texas, July 28, 2022 /PRNewswire/ -- Today FutureTech, the leading automotive aftermarket distributor of Electrified Vehicle Systems and Technologies training, software driven diagnostic tools, and support products has announced the release of EVPro+ training program.
EVPRO+ provides technicians, service advisors, instructors, students, engineers, managers, and other Automotive - Transportation Service Professionals with a comprehensive blended learning training program and resources supporting Electric, Hybrid (HEV), Plug-In, and other Electrified Vehicle Technology systems.
Below are a EVPro+ program highlights and available resources:
- Four Training Levels:
- On-Demand Training Courses with progress assessment quizzes
- Adaptive Learning component supplied by collaborative partner: Today's Class Technician
- Hands-on component delivered by Technology Partner: Quarto Technical Services
- "OPTIONAL" certification component for individuals seeking to earn this next level of EV Certification
- Resources Available to build or complement your in-house EV training program(s) include:
About FutureTech: A leading supplier of Vehicle Electrification technology solutions to automotive and transportation markets working with electrified vehicles. Services include scalable Hybrid & Electric Vehicle diagnostic tools-equipment and support systems, hands-on training, On-Demand virtual training, and aligning clients with experienced EV professionals for consulting and supporting special projects.
Contact Information
Chris Quarto
info@evproplus.com
https://www.evproplus.com
+1 702.570.3140 Ext: 2
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https://www.wibw.com/prnewswire/2022/07/28/futuretech-auto-launches-evpro-electrified-vehicle-systems-training-program/
| 2022-07-28T16:04:57Z
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MOUNTAIN VIEW, Calif., June 30, 2022 /PRNewswire/ -- HackerRank, the developer skills company, today announced the formation of a global partner network, bringing together leading technology, services, and nonprofit organizations to best support its customers across all stages of the technical hiring journey.
The HackerRank Partner Network is designed to drive innovation through strong collaboration with leading organizations and expand the capabilities of the tools hiring teams use regularly. The partner network will create a positive impact on the lives of candidates and hiring teams as they recruit, hire and develop today's top technical talent by providing a level playing field for candidates in which their skills and competencies will be accurately incorporated into hiring decisions. Further, this approach supports efforts of organizations that are looking to implement more fair hiring processes, directly supporting programs aimed at increasing diversity and inclusion.
"The adoption of HackerRank is about organizations committing to business transformation that prioritizes skills over pedigree," said Vivek Ravisankar, HackerRank CEO and co-founder. "Our customers know that accurately measuring skills data is no longer optional; it is core to a future of work where jobs are constantly reinvented through the consistent use of skills data. The HackerRank Partner Network is an important milestone on our journey to help organizations be more productive by helping them hire, upskill and mobilize developers based on skills."
More than 3,000 customers across all industries, including more than 25% of the Fortune 100, and a community of 18 million developers rely on HackerRank to raise their hiring bars and test their skills. The HackerRank Partner Network brings three types of formal partners into the fold:
- Technology Partners provide companies with the most streamlined and seamless experience for recruiters and hiring managers, while creating best-in-class candidate experiences that reduce overall time to hire.
- Services Partners supply customers with cross-platform, data-driven insights and support to develop HR transformation strategies and deliver results across a number of key initiatives.
- Nonprofit Partners support organizations that strive to make a positive impact in the market around the development and hiring of a more diverse pool of developers and other tech talent.
"Finding, hiring and retaining highly skilled talent is a top priority for organizations right now," said Steve Lucas, CEO, iCIMS. "Companies need advanced and integrated technology to deliver seamless talent experiences, manage their teams and continue to build winning workforces. We are thrilled to be an active member of the HackerRank Partner Network and look forward to creating positive impact together."
HackerRank has a rich history of integrating with leading solutions that are leveraged by customers to hire top technical talent, having established more than 30 integrations with the world's leading talent acquisition platforms. The new HackerRank Partner Network expands on this heritage.
To learn more about the HackerRank Partner Network, visit www.hackerrank.com/partners
HackerRank, the developer skills company, helps businesses attract, evaluate and hire the best technical talent from around the world. More than 3,000 customers across all industries, including over 25% of the Fortune 100, rely on HackerRank to raise their hiring bars. More than 18 million developers (approximately 40% of the global developer population) trust HackerRank to learn and showcase their coding skills. For more information, visit www.hackerrank.com.
Media Contact:
Sam Dewey
HackerRank
sam.dewey@hackerrank.com
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SOURCE HackerRank
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https://www.wibw.com/prnewswire/2022/06/30/hackerrank-announces-launch-global-partner-network-drive-innovation-with-partners-create-positive-impact-customers/
| 2022-06-30T17:07:35Z
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ATLANTA — Georgians now have easier access to information about their government, thanks to a small-but-mighty team working behind the scenes to present data to the public.
The Georgia Data Analytics Center (GDAC) was founded in 2019 under the auspices of the Office of Planning and Budget.
“We’re currently able to capture and analyze amounts of data that were unthinkable just a decade ago,” Kanti Chalasani, the director of the center, said.
The GDAC website features “data dashboards” that take complex data from state agencies and put it into simple charts, graphs, and maps.
“We want to give this data to people, to public entities who are wanting to serve their constituents,” Chalasani explained during a recent presentation to the Behavioral Health Reform and Innovation Commission.
The interactive dashboards help Georgians get a big-picture look at a topic or zero in on specific aspects of the data they find most interesting.
The state employee salary dashboard has been the most popular feature so far, Chalasani said.
Georgians might also be interested in how the state allocates its budget or how their county’s population might change in the future.
Right now, GDAC is focusing on health care data, Chalasani said. It has posted data about Medicaid health care quality outcomes and pharmaceutical drug costs for state health plan and Medicaid enrollees.
The center anonymizes all the data and has a strong security structure in place to protect the data, Chalasani said.
Chalasani has been a Georgia employee for 25 years; this is her fifth big data project for the state.
“I live and breathe data,” she told the behavioral health reform commission.
Her five-person team has collected and published a wide variety of state data in a short timeframe.
Once the team receives a dataset from a state agency, it takes only between three weeks and three months to process the data into the interactive dashboards, Chalasani said.
The center was named “State IT Innovation of the Year” for 2022 by StateScoop, a news outlet that reports on technology in state government.
“We built a tiger team, with an assembly line of activities and an efficient data pipeline,” Chalasani said of her approach. “Our team is sincere and driven.
“[The] biggest challenge is to convince our state agencies to share their data with GDAC and to establish a data sharing agreement with them.”
Chalasani said she and her team are eager to continue serving up information about state government to Georgians.
“Our cooking station is ready: just give us the data,” she said.
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https://www.albanyherald.com/news/award-winning-data-center-sheds-light-on-georgia-government/article_74d8baa8-f589-11ec-9054-33c0a29eba16.html
| 2022-06-26T21:38:52Z
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STATESVILLE, N.C. (AP) — No charges will be filed in a shooting at the North Carolina home of rapper DaBaby, police said Thursday.
Troutman police said on social media that the investigation into the April 13 shooting has been completed, news outlets reported. According to the post, investigators consulted with the Iredell County District Attorney’s Office in determining no charges will be filed.
DaBaby and at least one other person were at the home when the shooting happened on the evening of April 13, Troutman Police Chief Josh Watson told The Associated Press. But Watson wouldn’t say who was shot or who did the shooting, citing an ongoing investigation at the time. He said the injuries of the unidentified wounded person were not life-threatening.
The shooting was the latest in a series of incidents involving DaBaby, whose real name is Jonathan Kirk. In 2019, he pleaded guilty to a misdemeanor charge of carrying a concealed weapon after a fatal shooting at a Walmart in Huntersville, North Carolina, just south of Troutman. He was not charged in the shooting.
Last year, the Grammy-nominated rapper was arrested after he took a loaded gun into an upscale store on Rodeo Drive.
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https://cw33.com/entertainment-news/ap-entertainment/police-no-charges-in-shooting-at-rapper-dababys-house/
| 2022-05-05T22:50:09Z
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BROOMFIELD, Colo., July 13, 2022 /PRNewswire/ -- Crocs, Inc. (NADSAQ: CROX), a global leader in innovative casual footwear for women, men and children, announced a judgment of infringement against USA Dawgs and Double Diamond Distribution as a result of both companies' sales of imitation Crocs shoes. In conjunction therewith, Crocs also obtained $6 million and $55,000 in damages, respectively, against the companies.
This case is the culmination of years long battles between the parties after USA Dawgs and Double Diamond Distribution began selling shoes that infringed Crocs' patents in 2006. Both USA Dawgs and Double Diamond Distribution have since conceded the validity of Crocs' patent rights.
"We are fiercely protective of the Crocs brand and our iconic DNA. We have zero tolerance for infringement of our intellectual property rights or for anyone who tries to benefit off the investments that we have made in our brand," said Daniel Hart, Executive Vice President and Chief Legal & Risk Officer at Crocs. "This judgment not only reinforces the validity of our patent rights, it also reinforces our unrelenting determination to take forceful steps to protect our brand equity."
This judgment of infringement comes nearly one year to the day after Crocs filed lawsuits against 21 companies alleging infringement of its registered trademark rights in its clog designs. The lawsuits, filed at the International Trade Commission in addition to various U.S. District Courts around the country, seek an exclusion order against infringing product in addition to monetary damages for violations of Crocs' three-dimensional trademark rights.
Crocs, Inc. (Nasdaq: CROX) is a world leader in innovative casual footwear for women, men, and children, combining comfort and style with a value that consumers know and love. The Company's brands include Crocs and HEYDUDE and its products are sold in more than 85 countries through wholesale and direct-to-consumer channels. For more information on Crocs, Inc. please visit investors.crocs.com. To learn more about our brands, please visit www.crocs.com or www.heydudeshoesusa.com or follow @Crocs or @heydudeshoes on Facebook, Instagram and Twitter.
Contacts: Crocs, Inc.
Media Contact:
Melissa Layton, (303) 848-7885
mlayton@crocs.com
Investor Contact:
Cori Lin, (303) 848-5053
clin@crocs.com
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| 2022-07-13T13:02:55Z
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Angry residents of the emotionally shattered Texas town of Uvalde confronted the school board Monday night with speakers calling for district police chief Pedro "Pete" Arredondo to be fired and asking what safety measures will be put in place for when schools reopen.
The grief from the May 24 shooting in which 21 people were killed at Robb Elementary was clearly weighing heavily on the attendees and some parents said their children aren't ready to return to class.
"There is an anxiousness in my heart that is only worsened by the fear my children have," said Rachel Martinez, a parent of four children. "I think no one person here today can deny there was a massive failure on May 24. Where these failures lie is the question?"
Monday's meeting of the Uvalde Consolidated Independent School District board came one day after a Texas House investigative committee released a preliminary report outlining a series of failures by law enforcement agencies in their response to the shooting.
The 77-page "interim report" described "an overall lackadaisical approach" by nearly 400 local, state and federal law enforcement officers who went to the school as the second-deadliest shooting ever at a K-12 school in the United States occurred.
The report comes after finger-pointing from law enforcement agencies, as well as local officials decrying a lack of transparency and victims' families learning on a piecemeal basis what more could have been done to save their loved ones.
Attendees Monday night were pointing fingers at the board at a meeting that lasted three hours.
Parent Brett Cross asked the board why Arredondo, who is on administrative leave, hasn't been fired.
"Why the hell does he still have a job with y'all?" he asked. "Are you going to fire him?"
District Superintendent Hal Harrell responded, "We will take the report into consideration. It will be a closed-session decision."
Harrell said that the board had been waiting for the investigative information to help it make a decision.
Several other speakers also demanded the board terminate Arredondo, who has said he did not consider himself incident commander at the scene, according to the report, echoing comments he made to the Texas Tribune last month.
Young student says she wants to feel she has protection before she goes back
Tina Quintanilla-Taylor introduced her daughter Mehle, who told the board she was wearing the same dress she wore to school on May 24.
"This was the last dress that all my friends saw me on [sic]," she said. "Most of those kids were my friends ... And I don't want to go to your guys' school if you don't have protection."
Martinez, the parent with four children, asked the board whether it was going to take responsibility for the failures of May 24.
"Are you going to make this right?" she asked.
She wondered what options students and parents would have if they don't want to go back to school, saying her daughter had said she was "so terrified" about going back to class.
"I can assure you that my children are not mentally prepared to return to campus and my husband and I are unwilling to send them. I speak for my children but I also speak for the rest of the parents in the community who feel the same as I."
Jazmin Cazares, the sister of shooting victim Jackie Cazares and a high school student, said there was nothing that could be done to bring her sister back but the school board could make changes to prevent other families from losing children. She also questioned how safe she could feel.
"I'm gonna be a senior. How am I supposed to come back to this school? What are you guys going to do to make sure I don't have to watch my friends die," she asked. "What are you going to do to make sure I don't have to wait 77 minutes bleeding out on my classroom floor just like my little sister did?"
Next school year might be delayed
Asked whether the district would consider online learning, Harrell said it was under discussion. "We are looking into it. And there are some structures that have to be in place. But yes, we are looking at it and that is one of the things we are considering."
The school board also has recommended a delay to the start of the school year to address security issues such as door locks.
In June, Harrell announced that no students will ever return to the site of the massacre.
"We're not going back to that campus," Harrell said during a special meeting of the board of trustees, and added he expects to have a new address for the school in the "very near future."
"Our kids, our staff, we're not going back."
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https://www.albanyherald.com/news/uvalde-parents-call-for-school-police-chief-to-be-fired-and-seek-assurances-on-future/article_df15c119-1011-5862-a8dc-0b194793da44.html
| 2022-07-19T06:49:26Z
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Significant reduction in fiber network installation times and costs for municipalities and electric coops
NASHVILLE, Tenn., June 13, 2022 /PRNewswire/ -- Fiber Connect 2022, Booth 205 - OFS is pleased to announce the development of the Sherpa CMS ADSS (all-electric, self-supporting) Cable Management System. Sherpa is a patent-pending, industry-first dielectric system enabling the attachment of drop cables to ADSS trunk cables or ADSS trunk cables to electrical neutrals.
As fiber network builders expand in rural areas and in municipalities around the country, many have selected ADSS cable as the main deployment method due to its reliability and speed of installation. Until this point, ADSS cables have not been used to also manage drop cables.
"The Sherpa CMS system enables drop cables to use the same pole attachment as the trunk cable, potentially reducing make-ready and pole attachment costs, reducing visual footprint, while preserving the reliability and fast installation of ADSS cables," said Mark Boxer, Technical Manager, Solutions and Applications Engineering for OFS.
The Sherpa CMS system will also be available in configurations that can be used to attach ADSS cables to electrical neutrals in those areas where maintaining ground clearance can be a challenge.
The Sherpa CMS Cable Management System will be on display at Fiber Connect 2022 at the Gaylord Convention Center, Nashville, Tennessee, June 12-15, or contact your OFS representative for more information.
OFS is a world-leading designer, manufacturer and provider of optical fiber, fiber optic cable, connectivity, fiber-to-the-subscriber (FTTx) and specialty fiber optic products. We put our development and manufacturing resources to work creating solutions for applications in such areas as telecommunications, medicine, industrial networking, sensing, aerospace, defense, and energy. We provide reliable, cost-effective fiber optic solutions that help our customers meet the needs of consumers and businesses today and into the future.
Headquartered in Norcross (near Atlanta) Georgia, U.S.A., OFS is a global provider with facilities in several countries worldwide. OFS is part of Furukawa Electric Group, a multi-billion-dollar leader in optical communications.
Please visit www.ofsoptics.com/.
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| 2022-06-13T20:21:19Z
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About 20 juveniles housed at a youth correctional center in Bridge City, Louisiana, attempted to take control of areas within the facility Thursday evening, police said.
The incident at Bridge City Correctional Center for Youth, located just outside of New Orleans, was reported to the Jefferson Parish Sheriff's Office around 9:48 p.m. local time, according to Capt. Jason Rivarde, a spokesperson for the agency.
Juveniles existed their living areas and began wandering around, "taking over parts" of the facility, Rivarde told CNN.
About 40 to 50 personnel -- including the sheriff's office SWAT team and crisis management team -- were called in for backup, Rivarde said.
The center "houses the more serious juvenile offenders in the state," he said. Just over two hours were needed for the personnel to clear the building, he added.
At least one employee and two juveniles were injured and sent to local hospitals, the sheriff's office said.
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| 2022-06-17T08:30:43Z
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A grand jury in Mississippi has declined to indict the White woman who accused 14-year-old Emmett Till of making advances toward her nearly 70 years ago, allegations that led to the Black teen's brutal death.
A Leflore County grand jury last week heard seven hours of testimony from investigators and witnesses but said there was insufficient evidence to indict Carolyn Bryant Donham on charges of kidnapping and manslaughter, according to a statement from District Attorney Dewayne Richardson.
The grand jury heard the testimony from witnesses detailing the investigation of the case from 2004 to the present day and considered both charges, according to the statement.
"After hearing every aspect of the investigation and evidence collected regarding Donham's involvement, the Grand Jury returned a 'No Bill' to the charges of both Kidnapping and Manslaughter," the statement said. "The murder of Emmett Till remains an unforgettable tragedy in this country and the thoughts and prayers of this nation continue to be with the family of Emmett Till."
Family members of Emmett, whose killing in the Jim Crow-era South spurred the civil rights movement in America, said earlier this summer that they had unearthed an unserved arrest warrant for Bryant Donham, her late husband and his brother.
The warrant is dated August 29, 1955, and signed by the Leflore County clerk. The image of the warrant shows the current clerk certified the document as authentic on June 21.
A note on the back of the warrant says Bryant Donham was not arrested because she could not be located at the time, according to the New York Times, which cited filmmaker Keith A. Beauchamp, who was part of the team that discovered the warrant. CNN reached out to Bryant Donham at the time but didn't hear back.
Emmett's family had hoped the warrant would lead to charges and, ultimately, justice.
"Justice has to be served," Emmett's cousin Deborah Watts told CNN in late June, adding, "Emmett led us to it. I know that in my heart."
CNN reached out Tuesday to Emmett's family for comment but did not hear back.
While Emmett's killing remains a touchstone moment in the United States' long struggle with racial injustice and inequality, to this day, no one has been held criminally responsible.
Emmett, who lived in Chicago, was visiting relatives in Mississippi when he had his fateful encounter with then-20-year-old Carolyn Bryant in the summer of 1955. Accounts from that day differ, but witnesses alleged Emmett whistled at the woman at the market she owned with her husband in the town of Money.
Four days later, Roy Bryant and J.W. Milam later took Emmett from his bed in the middle of the night, ordered him into the back of a pickup and beat him before shooting him in the head and tossing his body into the Tallahatchie River.
But they were both acquitted of murder by an all-White jury following a trial in which Carolyn Bryant testified that Emmett grabbed and verbally threatened her. The jury deliberated for barely an hour.
The men later admitted to the killing in an 1956 interview with Look magazine.
Emmett's death captured attention far beyond Mississippi after a photo of his mutilated body was published in Jet Magazine and spread around the world. His mother, Mamie Till-Mobley, had demanded he have an open-casket funeral so the entire world could see her son's injuries and the results of racial terrorism -- a decision that helped fuel the civil rights movement.
Milam died in 1980 and Bryant died in 1994. Bryant Donham is in her late 80s.
In 2007, a Mississippi grand jury declined to indict Bryant Donham on charges. And according to archived FBI documents, Milam and Roy Bryant were arrested on a kidnapping charge in 1955, but a grand jury failed to indict them. "The original court, District Attorney, and investigative records related to the 1955 investigation have been apparently lost," the FBI said in a 2006 report.
Bryant Donham testified in 1955 that Emmett grabbed her hand, her waist and propositioned her, saying he had been with "White women before." But years later, when professor Timothy Tyson raised that trial testimony in a 2008 interview with Bryant Donham, he claimed she told him, "That part's not true."
The prospect that the woman at the center of Emmett's case had recanted her testimony -- which the US Justice Department said in a memo would contradict statements she made during the state trial in 1955 and later to the FBI -- sparked calls for authorities to investigate the case anew.
The DOJ, which had already re-examined and closed the case in 2007, reopened the probe into Emmett's killing in 2018. But the case was closed in December after the DOJ's Civil Rights Division concluded it could not prove Bryant Donham had lied. When questioned directly, Bryant Donham adamantly denied to investigators that she had recanted her testimony.
Emmett's legacy, however, lives on: In March, President Joe Biden signed into law the landmark Emmett Till Antilynching Act, which made lynching a federal hate crime.
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TRAVEL TUESDAY: August is National Golf Month, here are some of the top golf courses across Georgia.
In August 1993 the Professional Golfer's Association (PGA) founded the first National Golf Month with the purpose of promoting golf as a family-friendly and inclusive sport that could be accessible to all ages, genders, and skill levels. Click for more.
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https://www.albanyherald.com/news/grand-jury-declines-to-indict-carolyn-bryant-donham-the-woman-whose-accusations-led-to-the/article_9030f5e2-3f58-5bf1-b0d8-10734c4f59bc.html
| 2022-08-09T23:06:57Z
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Belton athletes captured first place in three of five events at the District 12-6A tournament Wednesday and Thursday at Temple ISD’s tennis courts.
The top two finishers in boys and girls singles and doubles, along with mixed doubles qualified for the Class 6A Region II tournament April 11-12 at Waco Regional Tennis & Fitness Center.
Belton qualified several athletes for the regional tournament, including Andon Sanders, who defeated Temple’s Keegan Dutton to win the boys singles titles as both players moved on.
Belton also captured the league titles in boys doubles (Jason Blattner and Daniel Holcomb) and girls doubles, in which Krithika Rajesh and Maheshwari Rajesh defeated teammates Hannah Abraham and Kara Shin in the final.
Belton’s Masyn Knight was second in girls singles, and Axel Hernandez and Disha Sharma took second in mixed doubles.
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https://www.tdtnews.com/sports/article_cf335e76-b232-11ec-a56d-8f81ed0813fb.html
| 2022-04-02T05:06:57Z
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Partnership sets stage for future activations in Canada
JERSEY CITY, N.J., Aug. 9, 2022 /PRNewswire/ -- BetMGM, a leading sports betting and iGaming operator, announced today a multi-year partnership extension with the National Football League (NFL), becoming one of the League's Official Sportsbook Partners in Canada. BetMGM was among the first operators to go live in Ontario, having launched its online sports betting and iGaming platforms in April 2022.
"Expanding our partnership with the NFL into Canada sets the stage for amazing opportunities as we begin the upcoming football season," said BetMGM CEO Adam Greenblatt. "We're already seeing great interest from our Ontario customers and this collaboration truly elevates the BetMGM experience."
As a part of the newly expanded relationship, BetMGM now has the rights to use official NFL marks in Canada and advertise on NFL-operated digital platforms throughout the region. Additionally, BetMGM will offer Canadian customers access to exclusive NFL experiences.
Gavin Kemp, Senior Director of Corporate Partnerships, NFL Canada, said, "We are thrilled to be working with BetMGM in Canada as an Official Sportsbook Partner. BetMGM delivers a unique gaming platform to this emerging market and will enhance the NFL fan experience in Canada in new and innovative ways."
This news complements BetMGM's agreement with the NFL in the U.S. In 2021, the company became an Approved Sportsbook Operator of the NFL, earning the opportunity to run in-game television spots during the season.
As BetMGM continues to expand its sports betting platforms into new markets, responsible gaming education remains a key focus. BetMGM is proud to provide resources to help customers play responsibly. The BetMGM app is available for download in Ontario on both iOS and Android, and is accessible via desktop at http://www.betmgm.com For more information, follow @BetMGM on Twitter.
BetMGM is a market-leading sports betting and gaming entertainment company, pioneering the online gaming industry. Born out of a partnership between MGM Resorts International (NYSE: MGM) and Entain Plc (LSE: ENT), BetMGM has exclusive access to all of MGM's U.S. land-based and online sports betting, major tournament poker, and online gaming businesses. Utilizing Entain's US-licensed, state of the art technology, BetMGM offers sports betting and online gaming via market-leading brands including BetMGM, Borgata Casino, Party Casino and Party Poker. Founded in 2018, BetMGM is headquartered in New Jersey. For more information, visit http://www.betmgminc.com/.
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| 2022-08-09T14:20:16Z
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NEW YORK, Aug. 18, 2022 /PRNewswire/ -- Inc. magazine recently released that HumanN, an industry leader in functional nutrition and life sciences, was named for the eighth consecutive year on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy's most dynamic segment—its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
"We are honored that HumanN has achieved the rarified air of being named to the Inc. 5000 for 8 consecutive years!" says CEO and Co-Founder, Joel Kocher. "One of our company's values is to perpetually adapt to the new challenges every new year brings. Our supremely talented team has done that again and again, every year since HumanN was founded."
The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Together, those companies added more than 68,394 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, which will be available on August 23.
"The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated," says Scott Omelianuk, editor-in-chief of Inc. "Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today."
Strategic innovation propels the team at HumanN to continue to adapt, developing new markets and opportunities each year. Says Kocher, "Our team simply understands that what got you here will never get you there [to the next phase of growth]."
A groundbreaking functional nutrition and life sciences company, HumanN was founded in affiliation with a leading academic research program and is committed to promoting healthy circulatory and blood flow function for optimal living. The innovators at HumanN bring forth smart, plant-based, and nutrition-forward science in the form of supplements in innovative form factors (powders, chews, gummies, tablets), to meet the demands of modern, health-conscious consumers. Its products are widely used by physicians, consumers, and athletes alike, including over 120 Professional and Division One Collegiate sports teams. HumanN's product line includes leading product brands such as SuperBeets, BeetElite, and Neo40. SuperBeets is the leading superfood brand sold at GNC and is also sold at leading U.S. retailers such as CVS Pharmacy, Publix, Target.com, and Sprouts.
The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference & Gala is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
For more information on the Inc. 5000 Conference & Gala, visit http://conference.inc.com/.
HumanN
855-636-4040
info@humann.com
www.humann.com
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| 2022-08-18T20:17:26Z
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Trust of a brand and video demonstrations support decision-making for more than 50% of Gen Z and Millennial Women
WEST CHESTER, Pa., June 2, 2022 /PRNewswire/ -- QVC, a world leader in video commerce("vCommerce"), which includes video-driven shopping across linear TV, ecommerce sites, digital streaming and social platforms, today released results from a commissioned survey with Morning Consult, where size inclusivity, size accessibility, and finding comfortable and flattering styles are the most significant pain points for women when shopping for swimwear.
As customers gear up for a summer marked by swim and travel, QVC's recent expansion in the swim apparel category, with nationally known and trusted brands such as Lands' End and Jantzen, along with direct-to-consumer brands such as Summersalt, features video presentations of size-inclusive models wearing dozens of swimwear styles, cuts and fabrics, to help support a more informed purchasing decision for the consumer.
QVC and Morning Consult surveyed 2,2101 women, with a quarter of survey respondents saying it is difficult to find flattering swimwear or swimwear in their size. Trust in a brand and video shopping added additional support when deciding on which style and brand of swimsuit they purchase:
- 65% of adults said "size inclusivity" is very important or somewhat important when shopping for swimwear.
- The importance of size inclusivity in swimwear is generationally agnostic. Gen Z to Baby Boomers overwhelmingly identified size inclusivity as very or somewhat important:
- 45% of survey respondents said they are much more or somewhat more likely to purchase online if they see a live video of products modeled on different body types
- Close to 70% of respondents said trusting the brand was important when shopping for swimwear.
"Shopping for swimwear is already a difficult undertaking for many women. As a champion of inclusive sizing for more than 30 years, it's our job to make the experience a more enjoyable one and reflective of who the customer is," says Rachel Ungaro, VP and GMM of Fashion Merchandising for QVC. "We believe that vCommerce plays an important role in tackling swimwear shopping pain points. We can show fashion styles from multiple angles to see how light dynamically interacts with the fabric, give a better impression of the texture, fit and color, and demonstrate how the product moves on all body types. Trust in the platform and the influencer takes on a new level of importance in a digital world and allows customers to gauge their purchasing decisions better."
Recently launched at QVC is the well-known size-inclusive swim brand, Swimsuits For All, via a collaboration collection with Kim Gravel, and features an assortment of 11 swimwear styles available in sizes 2 to 34, priced the same regardless of size.
QVC is a world leader in video commerce ("vCommerce"), which includes video-driven shopping across linear TV, ecommerce sites, digital streaming and social platforms. QVC empowers shoppers with knowledge and shares insights in a lively and engaging way. QVC offers an ever-changing collection of familiar brands and fresh new products – from home and fashion to beauty, electronics and jewelry – and connects shoppers to interesting personalities, engaging stories and award-winning customer service. Based in West Chester, Pa., and founded in 1986, QVC has retail operations in the U.S., the U.K., Germany, Japan and Italy. Worldwide, QVC reaches more than 200 million homes via its 12 broadcast networks and reaches millions more via multiple streaming services, websites, mobile apps and social pages. To learn more, visit corporate.qvc.com, follow @QVC on Facebook, Instagram or Twitter, or follow QVC on Pinterest, YouTube or LinkedIn.
Qurate Retail, Inc. (NASDAQ: QRTEA, QRTEB, QRTEP) includes QVC, HSN®, Zulily® and the Cornerstone brands (collectively, "Qurate Retail GroupSM"), as well as other minority interests and green energy investments. Qurate Retail Group is dedicated to providing a more human way to shop and is the largest player in vCommerce. For more information, visit www.qurateretailgroup.com, follow @QurateRetailGrp on Facebook, Instagram or Twitter, or follow Qurate Retail Group on YouTube or LinkedIn. QVC and Q are registered service marks of ER Marks, Inc.
1 This poll was conducted between February 11 –February 12, 2022, among a national sample of 2,210 Adults. The interviews were conducted online, and the data were weighted to approximate a target sample based on the 2017 Census Bureau Current Population Survey based on gender, educational attainment, age, race, and region. Results from the full survey have a margin of error of plus or minus 2 percentage points.
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https://www.kxii.com/prnewswire/2022/06/02/qvc-survey-reveals-importance-size-inclusivity-swimwear-an-on-going-pain-point-women-when-shopping-swimwear/
| 2022-06-02T17:32:23Z
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Berkshire Hathaway Affiliate Joins Title Insurance Underwriting JV with Centerbridge and Realogy
DALLAS, May 3, 2022 /PRNewswire/ -- Title Resources Group ("TRG" and the "JV"), one of the nation's leading title insurance underwriters, today announced that HomeServices of America ("HomeServices") is acquiring a minority stake in TRG. Financial terms were not disclosed. HomeServices, an affiliate of Berkshire Hathaway, is the nation's largest residential real estate company, based on closed transactions.
HomeServices is joining TRG's other major shareholders, Centerbridge Partners, L.P. and Realogy Holdings Corp., in participating in the JV. The expanded roster of joint venture partners will be instrumental in accelerating TRG's mission and growth as the title underwriter built for the real estate industry.
"HomeServices of America is a long-time, valued customer of TRG, and we're thrilled to welcome them as a significant shareholder to our joint venture. We look forward to working with their team to expand our collaboration in the months and years ahead, further accelerating our growth," said Scott McCall, president and CEO, Title Resources Group.
"Our strengthened partnership with Title Resources Group further enhances the ability of HomeServices' sales associates to provide clients with a one-stop shopping approach to delivering the American dream of homeownership," said Gino Blefari, CEO, HomeServices. "We're excited to be a part of this joint venture with Scott McCall and his team, as well as our other partners at Centerbridge and Realogy."
"We are pleased to partner with HomeServices of America on this compelling JV," said Kevin Mahony, managing director at Centerbridge. "The investment in TRG by its long-time customer validates the bright prospects for the business, and we are excited about the strategic benefits of expanding the relationship. HomeServices' perspective and track record of success will be invaluable as we shape and execute TRG's growth and value creation plan together."
"The continued investment in TRG's future is a powerful endorsement of Realogy's strategy to unleash the underwriter's growth potential and reinforces our confidence in the exciting opportunity of this business," said Ryan Schneider, CEO and President, Realogy.
About Title Resources Group (TRG)
Title Resources Group – the underwriter built for the real estate industry – is one of the nation's largest title insurance underwriters, according to the American Land Title Association's 2021 market share data. A joint venture with Centerbridge Partners, L.P. and Realogy Holdings Corp., TRG serves title insurance agents in 37 states and the District of Columbia. With $163 million in liquid assets at year-end 2021, its financial strength and stability are rated A' (Unsurpassed) by Demotech, Inc., and B++ (Good) by AM Best Rating Services, and since its inception, the company has consistently operated profitably without a net operating loss in any fiscal year. With a mission to provide knowledgeable and responsive underwriting solutions, TRG is dedicated to growing lifelong relationships and maintaining quality through integrity and financial stability. For more information, please visit www.titleresources.com.
About HomeServices of America
HomeServices of America, Inc., through its operating companies, is the nation's largest residential real estate company based on closed transactions and is a premier provider of homeownership services, including brokerage, mortgage, franchising, settlement, property and casualty insurance, relocation services and more. HomeServices of America is the owner of the Berkshire Hathaway HomeServices and Real Living Real Estate residential real estate franchise networks. HomeServices is owned by Berkshire Hathaway Energy, a consolidated subsidiary of Berkshire Hathaway Inc. For more information visit www.homeservices.com.
About Centerbridge Partners, L.P.
Centerbridge Partners, L.P. is a private investment management firm employing a flexible approach across investment disciplines — private equity, credit and real estate — in an effort to develop the most attractive opportunities for our investors. The Firm was founded in 2005 and as of February 28, 2022 has approximately $33 billion in capital under management with offices in New York and London. Centerbridge is dedicated to partnering with world-class management teams across targeted industry sectors and geographies. For more information, please visit www.centerbridge.com.
About Realogy Holdings Corp.
Realogy (NYSE: RLGY) is moving the real estate industry to what's next. As the leading and most integrated provider of U.S. residential real estate services encompassing franchise, brokerage, relocation, and title and settlement businesses as well as a mortgage joint venture, Realogy supported approximately 1.5 million home transactions in 2021. The company's diverse brand portfolio includes some of the most recognized names in real estate: Better Homes and Gardens® Real Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran®, ERA®, and Sotheby's International Realty®. Using innovative technology, data and marketing products, high-quality lead generation programs, and best-in-class learning and support services, Realogy fuels the productivity of its approximately 196,700 independent sales agents in the U.S. and approximately 136,700 independent sales agents in 118 other countries and territories, helping them build stronger businesses and best serve today's consumers. Recognized for eleven consecutive years as one of the World's Most Ethical Companies, Realogy has also been designated a Great Place to Work four years in a row, named one of LinkedIn's 2022 Top Companies in the U.S., and honored on the Forbes list of World's Best Employers 2021. For more information, please visit www.realogy.com.
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| 2022-05-04T00:06:06Z
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Austin-based technology leader secures investment to meet skyrocketing demand for circular commerce for oversized items
AUSTIN, Texas, May 19, 2022 /PRNewswire/ -- FloorFound, the pioneer and leader in recommerce for oversized items, today announced it has secured $10.5 million in Series A financing. The round was led by Next Coast Ventures and LiveOak Venture Partners with participation from previous investors, FlyBridge Capital Partners, Schematic Ventures and new investor Data Point Capital. The funding will be used to expand the company's market presence in the U.S. and move into additional retail verticals such as appliances, mattresses and exercise equipment.
The funding comes at a time of explosive growth as retailers and brands embrace FloorFound's end-to-end recommerce solution that streamlines the recovery and resale of returned, lightly used and open-box items. The company, which was recently named to Fast Company's 2022 list of World Changing Ideas, debuted its hosted platform and marketplace for oversized items in February 2021. Since that time, it has more than doubled its recommerce sales each quarter on average and seen a 5x increase in its client base.
FloorFound currently serves innovative furniture brands including Inside Weather, Floyd, Burrow, Joybird, Mitchell Gold + Bob Williams, Living Spaces, Outer, Interior Define, Sabai, Neighbor, Modsy, Castlery, Million Dollar Baby, Kathy Kuo and more. Together with its clients, FloorFound has helped keep almost 450,000 pounds of furniture in circulation and out of landfills to date.
"Consumer demand for sustainability, coupled with a strained supply chain and growing inflation, has pushed recommerce and resale to the forefront of retail, " said Chris Richter, founder and CEO of FloorFound. "FloorFound's solution cuts through the complexities that have made resale prohibitively difficult for oversized items and allows brands to quickly launch robust, full-scale recommerce programs that meet and exceed consumer expectations. With this new funding round, we are bringing this sustainable model to more brands and shoppers around the globe, driving business forward while helping protect the planet."
"FloorFound sits at the perfect intersection of the two most transformative trends in retail: sustainability and supply chain resilience," said Tom Ball, Founder & Managing Partner, Next Coast Ventures, who joined the FloorFound Board of Directors with this round. "Chris and his team have spent the past 25 years in eCommerce and retail operations, specifically supply chain, and they have the unique knowledge necessary to create the right business model and value to take oversized recommerce mainstream."
Recommerce: Sustainable, Affordable, Available
Recommerce offers a sustainable alternative to new item manufacturing and shipping, with lower cost items and faster availability for shoppers. More than 90 percent of U.S. consumers reported buying resale items in a 2021 FloorFound survey, and research from First Insights and the Wharton School indicates 83 percent of consumers across all generations who have purchased secondhand products will continue to do so compared to only 17 percent in 2019. This broad consumer support has led to projections that U.S. resale is set to grow more than 150 percent to top $330 billion by 2030, according to Mercari and GlobalData.
However, without reverse logistics processes to handle the return and resale of large items, recommerce programs have historically been out of reach and unavailable for oversized products, until now.
With FloorFound's end-to-end recommerce solution, retailers are able to transform returned and open-box merchandise into a new, repeatable and sustainable source of inventory and revenue. The FloorFound technology and team manage the process from pickup of the item being returned, to inspection and warehousing of the item, to selling and delivering it to its new owner. Retailers using FloorFound are not only able to support circularity goals and reduce waste (the EPA estimates 10 million tons of furniture end up in landfill each year) - but also provide consumers with compelling high-quality items that ship quickly and at a discount.
Real Results with Recommerce
FloorFound has architected every aspect of its end-to-end platform to meet and exceed both sellers' requirements and consumers' expectations. The solution includes a destination marketplace (FloorFound.store), localized reverse logistics, processing and inspection capabilities, merchandising and pricing intelligence. FloorFound's solution also includes a robust fulfillment network of more than 40 warehouse hubs, planned to triple in 2022, and 4 major 3PL partnerships.
Retailers using FloorFound are up and running within weeks and see immediate ROI by fueling resale shopping, delivery and customer support experiences that are on par, or exceed, new furniture purchases. Explains Benjamin Parsa, CEO of Inside Weather, "Thanks to FloorFound, Inside Weather is able to encourage reuse of the products we make by connecting our high-quality, timeless pieces with new owners."
FloorFound client Floyd has seen 68% average gross recovery from returned items included in its Full Cycle recommerce program. Over 75% of customers on the branded storefront are new to Floyd, and 25% of these customers have already returned and purchased brand-new items from Floyd.
About FloorFound
FloorFound is focused on protecting the planet by extending the lifecycle of oversized retail products. Founded with the mission of empowering a circular future for all retail, FloorFound's end-to-end Recommerce platform and extensive warehouse network simplify the complexities of oversized returns and resale, from coordination of item pickup and inspection to marketing, sales and revenue recovery. Joybird, Floyd Home, Burrow and Inside Weather rely on FloorFound to power their resale storefronts and drive traffic via the FloorFound marketplace. With FloorFound, large items can find new life and create new joy. For more information, visit https://floorfound.com/.
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| 2022-05-19T14:03:38Z
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SAN DIEGO, June 16, 2022 /PRNewswire/ -- Ascent Funding, a leader in outcomes-based lending and student success, announced today it was named a 2022 Best Places to Work in FinTech by American Banker, ranking #2 overall.
"To be named among one of the top companies to work for in the financial technology industry is a reflection of the collaborative culture and student-focused mission we empower at Ascent," said Chairman and Chief Executive Officer Ken Ruggiero. "When you're passionate about the work you do every day and trust each other, you inspire innovation and preserve top talent."
Ascent was ranked #2 overall as one of the Best Places to Work in FinTech and recognized for encouraging employees to recharge through generous time-off programs and incentive bonuses. For every three years of service, Ascent rewards employees with a $2,000 vacation bonus and an additional $1,000 incentive for the employee to spend on themselves. During this time off, IT disables account access, including emails, forcing employees to take their well-earned time off.
As a leader in the financial technology and higher education industries, Ascent is on a mission to build financing products and student success benefits that support families as they think about how they invest in education.
American Banker's annual survey identifies, recognizes, and honors the best employers in the financial technology industry.
Ascent and other winners were selected through a two-part survey conducted with the help of the Best Companies Group. The survey measured employee satisfaction in addition to examining benefits and policies.
For information about Ascent and career opportunities to join the team, visit AscentFunding.com/Careers.
Ascent Funding is an award-winning company committed to student success. Ascent is revolutionizing how students and families plan for, pay for, and succeed in education at more than 2,600 traditional schools and coding bootcamps.
Contact for Press Inquiries
Alicia Chavez | Director, Brand & Content Marketing
partner@ascentfunding.com
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| 2022-06-16T11:11:52Z
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HHC reports strong financial results despite macroeconomic headwinds, driven by robust land sales, increased Operating Asset NOI, and continued momentum in condo sales
HOUSTON, Aug. 3, 2022 /PRNewswire/ -- The Howard Hughes Corporation® (NYSE: HHC) (the "Company," "HHC" or "we") today announced operating results for the second quarter ended June 30, 2022. The financial statements, exhibits and reconciliations of non-GAAP measures in the attached Appendix and the Supplemental Information, as available through the Investors section of our website, provide further detail of these results.
Second Quarter 2022 Highlights Include:
- Second quarter net income of $21.6 million, or $0.42 per diluted share, compared to net income of $4.8 million, or $0.09 per diluted share, in the prior-year period.
- Total Operating Assets net operating income (NOI) totaled $66.3 million in the quarter, a 14.6% increase over the prior-year period. The strong performance of our Operating Asset portfolio was attributable to the strong rent growth and leasing momentum of our latest multi-family assets, with quarterly NOI from this property type rising 59.8% year-over-year, as well as continued improvements in office assets and strong attendance at the Las Vegas Ballpark®.
- Master Planned Community (MPC) earnings before taxes (EBT) totaled $71.3 million in the quarter—a 2.1% increase over the prior-year quarter—with land price appreciation and higher builder price participation revenue, signifying that housing demand remains outsized relative to supply in Las Vegas and Houston. Excluding equity earnings from The Summit, MPC EBT was up $23.3 million or 45.6%.
- Subsequent to quarter end, HHC reached an agreement with Discovery Land to expand our joint venture at The Summit to capture the heightened demand of those seeking an ultra-luxury residence in Summerlin®.
- Closed on 20 condo units in the quarter, 19 of which closed at 'A'ali'i®—the latest completed tower at Ward Village®—generating $17.4 million in condo sales revenue. 'A'ali'i ended the quarter 94.7% sold. Pre-sales at our two towers under construction were strong with Kō'ula now 96.3% pre-sold and Victoria Place fully sold out.
- The Seaport in New York City had one of its best quarters in its history, generating $27.1 million of revenue. The quarter's results benefited from several concerts and private events on The Rooftop at Pier 17®, driving up foot traffic and increasing revenues at our managed restaurants.
- Sold The Outlet Collection at Riverwalk®—an approximately 264,000-square-foot retail outlet center in New Orleans—for $34 million, generating net proceeds of $8.2 million. This transaction marked the disposition of the Company's last remaining non-core asset located outside of its core regions.
- JDM Partners exercised its first option on Douglas Ranch, repurchasing a 9.24% ownership interest for $50 million. HHC also received a $10 million non-refundable deposit to secure a second option to reacquire up to an additional 40.76% stake in Douglas Ranch, which expires on August 18, 2022.
- Repurchased 2,164,400 shares of common stock funded with $192.3 million of cash on hand at an average price of $88.83 per share. Subsequent to quarter end, HHC repurchased an additional 368,806 shares of common stock for $25.4 million at an average price of $68.98 per share.
"In a quarter that has been headlined by an economic downturn, rising inflation, and recessionary concerns, we performed exceptionally well," commented David R. O'Reilly, Chief Executive Officer of The Howard Hughes Corporation. "The strength of HHC's unique business model and our continued commitment to developing exceptional communities where people want to live, work, and play continued to drive strong results across all of our operating segments.
"In our MPCs, our Houston and Las Vegas communities continued to outperform with strong land sales fueled by substantial increases in price per acre of land sold. Our Operating Assets segment delivered sizeable NOI growth, driven by continued outpeformance of our multi-family portfolio, improvements in office, and a successful start to the baseball season at the Las Vegas Ballpark, where league-leading attendance added to our strong results. Condo sales at Ward Village remained elevated, with limited remaining unit inventory at our towers under construction and in pre-sales. Finally, at the Seaport, we had a tremendous quarter with a significant increase in visitors for our summer concert series, a complete takeover of The Rooftop at Pier 17 for Ape Fest, and numerous other private events, quickly solidifying the Seaport as a top entertainment and dining venue in New York City. Looking forward, we expect the strong momentum across our segments to continue into the second half of the year.
"As we anticipated—due to rising mortgage rates, inflation, and the surge in sales during 2020 and 2021—the second quarter's new home sales reflected a year-over-year decline, with Summerlin and our Houston MPCs showing a 37% decrease from the previous year. However, home sales remained solid relative to the levels seen prior to the pandemic-driven sales surge. Overall, demand for land in our core markets of Houston, Las Vegas, and Phoenix remains favorable, as lot inventories in these markets are at all-time lows, and homebuilders continue to replenish their available acreage to meet current demand. The continued demand for HHC's land during different market conditions is a testament to the strength of our MPC assets, continued migration trends, and our communities' market-leading quality of life and cost of living. As a result, we expect to see continued strong demand for land sales in our MPCs for the duration of the year.
"With our shares trading significantly below the underlying net asset value of the Company, we continued to buy back shares throughout the quarter, affirming our commitment to unlocking shareholder value. In total, we repurchased nearly 2.2 million shares at an average price of $88.83 per share for approximately $192.3 million. Subsequent to the end of the second quarter, we repurchased approximately 369,000 additional shares at an average price of $68.98 per share for approximately $25.4 million. This brings total share repurchases under our current $250 million authorization to approximately $235 million."
Click Here: Second Quarter 2022 Howard Hughes Quarterly Spotlight
Click Here: Second Quarter 2022 live audio webcast
Second Quarter 2022 Highlights
Total Company
- Net income increased to $21.6 million or $0.42 per diluted share in the quarter, compared to net income of $4.8 million or $0.09 per diluted share in the prior-year period due to strong land sales, increased Operating Asset NOI, and reduced losses at the Seaport.
- This positive year-over-year performance included Operating Asset NOI of $66.3 million, an $8.5 million increase, and MPC EBT of $71.3 million, a $1.4 million increase. Excluding equity earnings from The Summit, MPC EBT increased $23.3 million.
- Ended the second quarter with $572.8 million of cash on the balance sheet and total debt of $4.8 billion, with 79% of the balance maturing in 2026 or later.
Operating Assets
- Total Operating Assets NOI totaled $66.3 million in the quarter, a 14.6% increase compared to $57.9 million in the prior-year period. This is an impressive year-over-year performance, especially considering the $3.8 million of NOI delivered in the second quarter of 2021 by assets that have since been sold including The Outlet Collection at Riverwalk and HHC's former hospitality portfolio.
- Multi-family NOI increased 59.8% to $11.8 million compared to the second quarter of 2021 due to continued rent growth across the portfolio and strength in the lease-up of our latest multi-family developments that are all at or near full occupancy.
- Office NOI increased 12.9% to $29.7 million compared to the prior-year period largely due to improved leasing activity at our class-A properties, particularly in The Woodlands® and Downtown Columbia®, as companies recover from the pandemic and employees return to work. During the second quarter, the Company signed an 80,000 square-foot lease with CareFirst at 6100 Merriweather in Downtown Columbia, bringing this asset to 93.5% leased.
- The Las Vegas Ballpark generated $5.4 million of NOI during the quarter compared to $3.1 million in the prior year period driven by strong fan attendance for the Las Vegas Aviators®, HHC's Triple-A minor league baseball team. This is in comparison to the second quarter of 2021 where the first several games of the season were limited to 50% seating capacity to comply with local COVID restrictions.
MPC
- MPC EBT totaled $71.3 million in the quarter, a 2.1% increase compared to $69.8 million in the prior-year period.
- MPC land sales revenue of $85.0 million was 45.7% higher compared to the prior-year period. This increase was primarily driven by increased land sales in Bridgeland® which contributed to a 18.7% increase in residential acres sold across our communities. The price per acre of land sold also increased to approximately $753,000 per acre during the quarter which compares to approximately $603,000 per acre in the prior-year period.
- Builder price participation revenue rose to $18.5 million during the quarter—an increase of 62.2% from the prior-year period as home prices in our communities continue to escalate.
- Equity earnings at The Summit decreased $21.9 million year-over-year due to no unit closings in the second quarter compared to 16 in the same period last year as this private Summerlin community moves closer to selling out its remaining inventory.
- With limited remaining lots and condos to sell at The Summit, we reached an agreement with Discovery Land subsequent to quarter end to expand this community with a second phase of development which is expected to drive tremendous cash proceeds to HHC over the life of the project. The Company contributed an additional 54 acres which will be used to develop 27 custom home sites.
- A total of 435 new homes were sold in HHC's MPCs during the quarter, a 36.7% decline compared to the prior-year period as home sales in the second quarter of 2021 surged with the economy emerging from the pandemic and historically low mortgage interest rates. Sequentially, new home sales declined 28.0% compared to 604 new homes sold during the first quarter of 2022.
Strategic Developments
- We sold 20 condominium units at Ward Village during the second quarter, including 19 units at 'A'ali'i, generating $17.4 million in net revenue, and one unit at Waiea®, generating $4.0 million in net revenue. As of the end of the second quarter, 'A'ali'i was 94.7% sold and Waiea was 99.4% sold with just one unit remaining.
- Contracted to sell 28 units at our two towers under construction. Kō'ula—which is expected to deliver in the third quarter—ended the quarter 96.3% pre-sold. Victoria Place—which is expected to be completed in 2024—is now sold out.
- The Park Ward Village contracted 11 units during the second quarter and is now 90.6% pre-sold with construction expected to begin in the second half of 2022.
- Contracted on 627 units at Ulana—Ward Village's ninth condo tower—which will be fully dedicated to workforce housing and ended the quarter 90.1% pre-sold.
- Commenced construction on our first single-family build-to-rent project, Wingspan, in Bridgeland. This project, which will include 263 homes, is expected to start welcoming its first residents in late 2023.
Seaport
- The Seaport generated negative NOI of $3.7 million in the quarter, a $0.7 million improvement compared to a $4.4 million loss in the prior-year period.
- Seaport revenue of $27.1 million rose 165.5% compared to revenue of $10.2 million during the second quarter of 2021 driven by the start of the summer concert series on The Rooftop at Pier 17, including a takeover of Pier 17 for Ape Fest, and increased demand at our managed restaurants.
- Construction at the Tin Building by Jean-Georges is substantially complete. Hiring and training of new employees has been challenging due to labor shortages, but onboarding is progressing and the Company expects the grand opening to be held in the third quarter.
- Began site preparation work at 250 Water Street during the second quarter of 2022 following the approval by the City of New York in December 2021 for the transformation of this one-acre parking lot into a mixed-use multi-family and office development.
- Leading fashion designer Alexander Wang selected the Seaport for its new global headquarters and showroom in New York City, signing a 15-year lease for approximately 46,000 square feet, inclusive of 5,000 square feet of outdoor space, at the Fulton Market Building. The lease brings the building to 100% leased.
Financing Activity
- In April 2022, the Company closed on a $19.5 million financing of 20/25 Waterway Avenue, replacing the existing loan, with $4.2 million withheld until the release of upcoming tenant expirations. The loan matures in April 2026 with a one-year extension option and bears interest at SOFR plus 2.50% and is interest-only for the first three years with 25-year amortization thereafter.
- In May 2022, the Company closed on a $51.0 million interest-only refinancing of Millennium Waterway Apartments. The loan bears interest at 3.94% with maturity in June 2032.
- In May 2022, the Company closed on a $105.0 million interest-only refinancing of Two Lakes Edge. The loan bears interest at 4.39% with maturity in June 2032.
- In June 2022, the Company closed on a $37.5 million interest-only refinancing of The Lane at Waterway. The loan bears interest at 4.85% with maturity in July 2032.
Full-Year 2022 Guidance
- Full-year 2022 guidance remains unchanged from the prior reporting period.
- Operating Asset NOI is projected to experience strong leasing activity at our latest multi-family developments, offset by no hospitality NOI in 2022 as a result of the sale of our hotel portfolio, as well as reduced non-recurring COVID-related rent recoveries related to certain retail tenants during 2021. We expect 2022 Operating Asset NOI to decline 0% to 2% year-over-year.
- MPC EBT range is projected to remain higher compared to the earnings we generated on average over 2017 to 2020. In 2021, we experienced outsized land sales, largely due to the closing of a 216-acre superpad in Summerlin. Superpad sales of this size do not occur every year, which is reflective of the projected EBT decline in 2022. We expect 2022 MPC EBT to decline 25% to 30% year-over-year.
- Condo sales are projected to range between $650 million to $700 million, with gross margins between 26.5% to 27.5%. Projected condo sales are driven by the anticipated closing of units at Kō'ula during the third quarter of 2022 and additional closings at 'A'ali'i.
- Cash G&A is projected to range between $75 million to $80 million, which excludes anticipated non-cash stock compensation of $10 million to $15 million.
Conference Call & Webcast Information
The Howard Hughes Corporation will host its investor conference call on Thursday, August 4, 2022, at 9:00 a.m. Central Daylight Time (10:00 a.m. Eastern Daylight Time) to discuss second quarter 2022 results. To participate, please dial 1-877-883-0383 within the U.S., 1-866-605-3850 within Canada, or 1-412-902-6506 when dialing internationally. All participants should dial in at least five minutes prior to the scheduled start time, using 5181383 as the passcode. A live audio webcast and Quarterly Spotlight will also be available on the Company's website (www.howardhughes.com). In addition to dial-in options, institutional and retail shareholders can participate by going to app.saytechnologies.com/howardhughes. Shareholders can email hello@saytechnologies.com for any support inquiries.
We are primarily focused on creating shareholder value by increasing our per-share net asset value. Often, the nature of our business results in short-term volatility in our net income due to the timing of MPC land sales, recognition of condominium revenue and operating business pre-opening expenses, and, as such, we believe the following metrics summarized below are most useful in tracking our progress towards net asset value creation.
About The Howard Hughes Corporation®
The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. Its award-winning assets include the country's preeminent portfolio of master planned communities, as well as operating properties and development opportunities including: the Seaport in New York City; Downtown Columbia®, Maryland; The Woodlands®, The Woodlands Hills®, and Bridgeland® in the Greater Houston, Texas area; Summerlin®, Las Vegas; Ward Village® in Honolulu, Hawai'i; and Douglas Ranch in Phoenix. The Howard Hughes Corporation's portfolio is strategically positioned to meet and accelerate development based on market demand, resulting in one of the strongest real estate platforms in the country. Dedicated to innovative place making, the Company is recognized for its ongoing commitment to design excellence and to the cultural life of its communities. The Howard Hughes Corporation is traded on the New York Stock Exchange as HHC. For additional information visit www.howardhughes.com.
The Howard Hughes Corporation has partnered with Say, the fintech startup reimagining shareholder communications, to allow investors to submit and upvote questions they would like to see addressed on the Company's second quarter earnings call. Say verifies all shareholder positions and provides permission to participate on the August 4, 2022 call, during which the Company's leadership will be answering top questions. Utilizing the Say platform, The Howard Hughes Corporation elevates its capabilities for responding to Company shareholders, making its investor relations Q&A more transparent and engaging.
Safe Harbor Statement
Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. All statements other than statements of historical facts, including, among others, statements regarding the Company's future financial position, results or performance, are forward-looking statements. Those statements include statements regarding the intent, belief, or current expectations of the Company, members of its management team, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "likely," "may," "plan," "project," "realize," "should," "transform," "will," "would," and other statements of similar expression. Forward-looking statements are not a guaranty of future performance and involve risks and uncertainties that actual results may differ materially from those contemplated by such forward-looking statements. Many of these factors are beyond the Company's abilities to control or predict. Some of the risks, uncertainties and other important factors that may affect future results or cause actual results to differ materially from those expressed or implied by forward-looking statements include: (i) the impact of the COVID-19 pandemic on the Company's business, tenants and the economy in general, including the measures taken by governmental authorities to address it; (ii) general adverse economic and local real estate conditions; (iii) potential changes in the financial markets and interest rates; (iv) the inability of major tenants to continue paying their rent obligations due to bankruptcy, insolvency or a general downturn in their business; (v) financing risks, such as the inability to obtain equity, debt or other sources of financing or refinancing on favorable terms, if at all; (vi) ability to compete effectively, including the potential impact of heightened competition for tenants and potential decreases in occupancy at our properties; (vii) ability to successfully dispose of non-core assets on favorable terms, if at all; (viii) ability to successfully identify, acquire, develop and/or manage properties on favorable terms and in accordance with applicable zoning and permitting laws; (ix) changes in governmental laws and regulations; (x) increases in operating costs, including construction cost increases as the result of trade disputes and tariffs on goods imported in the United States; (xi) lack of control over certain of the Company's properties due to the joint ownership of such property; (xii) impairment charges; (xiii) the effects of geopolitical instability and risks such as terrorist attacks and trade wars; (xiv) the effects of natural disasters, including floods, droughts, wind, tornadoes and hurricanes; (xv) the inherent risks related to disruption of information technology networks and related systems, including cyber security attacks; and (xvi) the ability to attract and retain key employees. The Company refers you to the section entitled "Risk Factors" contained in the Company's Annual Report on Form 10-K for the year ended December 31, 2021. Additional information concerning factors that could cause actual results to differ materially from those forward-looking statements is contained from time to time in the Company's filings with the Securities and Exchange Commission. Copies of each filing may be obtained from the Company or the Securities and Exchange Commission. The risks included here are not exhaustive and undue reliance should not be placed on any forward-looking statements, which are based on current expectations. All written and oral forward-looking statements attributable to the Company, its management, or persons acting on their behalf are qualified in their entirety by these cautionary statements. Further, forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time unless otherwise required by law.
Financial Presentation
As discussed throughout this release, we use certain non-GAAP performance measures, in addition to the required GAAP presentations, as we believe these measures improve the understanding of our operational results and make comparisons of operating results among peer companies more meaningful. We continually evaluate the usefulness, relevance, limitations and calculation of our reported non-GAAP performance measures to determine how best to provide relevant information to the public, and thus such reported measures could change. A non-GAAP financial measure used throughout this release is net operating income (NOI). We provide a more detailed discussion about this non-GAAP measure in our reconciliation of non-GAAP measures provided in the appendix in this earnings release.
Media Contact
The Howard Hughes Corporation
Cristina Carlson, 646-822-6910
Senior Vice President, Head of Corporate Communications
cristina.carlson@howardhughes.com
Investor Relations Contact
The Howard Hughes Corporation
Eric Holcomb, 281-475-2144
Senior Vice President, Investor Relations
eric.holcomb@howardhughes.com
Appendix – Reconciliation of Non-GAAP Measures
Below are GAAP to non-GAAP reconciliations of certain financial measures, as required under Regulation G of the Securities Exchange Act of 1934. Non-GAAP information should be considered by the reader in addition to, but not instead of, the financial statements prepared in accordance with GAAP. The non-GAAP financial information presented may be determined or calculated differently by other companies and may not be comparable to similarly titled measures.
As a result of our four segments—Operating Assets, Master Planned Communities (MPC), Seaport and Strategic Developments—being managed separately, we use different operating measures to assess operating results and allocate resources among these four segments. The one common operating measure used to assess operating results for our business segments is earnings before tax (EBT). EBT, as it relates to each business segment, represents the revenues less expenses of each segment, including interest income, interest expense and equity in earnings of real estate and other affiliates. EBT excludes corporate expenses and other items that are not allocable to the segments. We present EBT because we use this measure, among others, internally to assess the core operating performance of our assets. However, segment EBT should not be considered as an alternative to GAAP net income.
NOI
We believe that NOI is a useful supplemental measure of the performance of our Operating Assets and Seaport portfolio because it provides a performance measure that, when compared year over year, reflects the revenues and expenses directly associated with owning and operating real estate properties and the impact on operations from trends in rental and occupancy rates and operating costs. We define NOI as operating revenues (rental income, tenant recoveries and other revenue) less operating expenses (real estate taxes, repairs and maintenance, marketing and other property expenses, including our share of NOI from equity investees). NOI excludes straight-line rents and amortization of tenant incentives, net; interest expense, net; ground rent amortization, demolition costs; other income (loss); amortization; depreciation; development-related marketing cost; gain on sale or disposal of real estate and other assets, net; provision for impairment and equity in earnings from real estate and other affiliates. All management fees have been eliminated for all internally-managed properties. We use NOI to evaluate our operating performance on a property-by-property basis because NOI allows us to evaluate the impact that property-specific factors such as lease structure, lease rates and tenant base have on our operating results, gross margins and investment returns. Variances between years in NOI typically result from changes in rental rates, occupancy, tenant mix and operating expenses. Although we believe that NOI provides useful information to investors about the performance of our Operating Assets and Seaport assets, due to the exclusions noted above, NOI should only be used as an additional measure of the financial performance of the assets of this segment of our business and not as an alternative to GAAP Net income (loss). For reference, and as an aid in understanding our computation of NOI, a reconciliation of segment EBT to NOI for Operating Assets and Seaport has been presented in the tables below.
Same Store NOI - Operating Assets Segment
The Company defines Same Store Properties as consolidated and unconsolidated properties that are acquired or placed in-service prior to the beginning of the earliest period presented and owned by the Company through the end of the latest period presented. Same Store Properties exclude properties placed in-service, acquired, repositioned or in development or redevelopment after the beginning of the earliest period presented or disposed of prior to the end of the latest period presented. Accordingly, it takes at least one year and one quarter after a property is acquired or treated as in-service for that property to be included in Same Store Properties.
We calculate Same Store Net Operating Income (Same Store NOI) as Operating Assets NOI applicable to Same Store Properties. Same Store NOI also includes the Company's share of NOI of unconsolidated properties and the annual distribution from a cost basis investment. Same Store NOI is a non-GAAP financial measure and should not be viewed as an alternative to net income calculated in accordance with GAAP as a measurement of our operating performance. We believe that Same Store NOI is helpful to investors as a supplemental comparative performance measure of the income generated from the same group of properties from one period to the next. Other companies may not define Same Store NOI in the same manner as we do; therefore, our computation of Same Store NOI may not be comparable to that of other companies. Additionally, we do not control investments in unconsolidated properties and while we consider disclosures of our share of NOI to be useful, they may not accurately depict the legal and economic implications of our investment arrangements.
Cash G&A
The Company defines Cash G&A as General and administrative expense less non-cash stock compensation expense. Cash G&A is a non-GAAP financial measure that we believe is useful to our investors and other users of our financial statements as an indicator of overhead efficiency without regard to non-cash expenses associated with stock compensation. However, it should not be used as an alternative to general and administrative expenses in accordance with GAAP.
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SOURCE The Howard Hughes Corporation
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https://www.wibw.com/prnewswire/2022/08/03/howard-hughes-corporation-reports-second-quarter-2022-results/
| 2022-08-03T22:01:56Z
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WESTBURY, N.Y., Sept. 7, 2022 /PRNewswire/ -- Kensington Capital Acquisition Corp. IV (NYSE: KCAC.U) ("Kensington") and Amprius Technologies, Inc. ("Amprius") today announced that they have determined the exchange ratio to be approximately 1.45590 (the "Exchange Ratio") as of the anticipated date for Closing (as defined below) in accordance with the terms of the Business Combination Agreement, dated as of May 11, 2022 (the "Business Combination Agreement"), among Kensington, Kensington Merger Sub Corp., a Delaware corporation and a wholly owned subsidiary of Kensington, and Amprius, pursuant to which, among other things, Kensington and Amprius will enter into a business combination (the "Proposed Business Combination"). Capitalized terms used in this press release but not otherwise defined herein have the meanings given to them in the Business Combination Agreement.
Pursuant to the terms and subject to the conditions set forth in the Business Combination Agreement, at the closing of the Proposed Business Combination (the "Closing"), (1) each outstanding share of Amprius' common stock will be cancelled and automatically converted into the right to receive approximately 1.45590 shares of Kensington common stock, par value $0.0001 per share, with each holder's shares rounded down to the nearest whole number and (2) each outstanding option to purchase shares of Amprius' common stock, whether vested or unvested, will be cancelled and automatically converted into an option to purchase a number of shares of Kensington common stock equal to the product (rounded down to the nearest whole number) of (i) the number of shares of Amprius common stock subject to the option immediately prior to Closing, multiplied by (ii) the Exchange Ratio, at an exercise price per share (rounded up to the nearest whole cent) equal to (A) the exercise price per share of such option immediately prior to Closing divided by (B) the Exchange Ratio.
The Exchange Ratio as of the anticipated date for Closing is lower than the assumed exchange ratio calculated in accordance with the Business Combination Agreement that was set out in the proxy statement/prospectus, dated September 1, 2022 (the "Proxy Statement/Prospectus"), that was filed by Kensington with the Securities and Exchange Commission (the "SEC") and distributed to its shareholders.
Amprius Technologies, Inc. is a leading manufacturer of high-energy and high-power lithium-ion batteries producing the industry's highest energy density cells. The company's corporate headquarters is in Fremont, California where it maintains an R&D lab and a pilot manufacturing facility for the fabrication of silicon nanowire anodes and cells.
For additional information, please visit amprius.com.
Kensington Capital Acquisition Corp. IV (NYSE: KCAC.U) is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with a business in the automotive and automotive-related sector. Kensington's management team of Justin Mirro, Dieter Zetsche, Bob Remenar, Simon Boag and Dan Huber is supported by a board of independent directors including Tom LaSorda, Nicole Nason, Anders Pettersson, Mitch Quain, Don Runkle, and Matt Simoncini.
Kensington's units, subunits and warrants are currently trading on the New York Stock Exchange under the symbols "KCAC.U," "KCA.U," and "KCAC.WS," respectively. Each "KCAC.U" unit contains one subunit and 1 warrant. Each "KCA.U" subunit contains one share of Kensington common stock and 1 warrant. A holder of the subunit will only be able to retain the 1 warrant underlying the subunit if the holder elects not to redeem the subunit in connection with the Business Combination. The subunits will not separate into shares of common stock and warrants until the consummation of the Business Combination.
For additional information, please visit autospac.com.
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934 and the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995, each as amended, including Kensington's or Amprius' or their management teams' expectations, hopes, beliefs, intentions or strategies regarding the future. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "expect," "anticipate," "believe," "seek" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the timing and terms of the Proposed Business Combination, including the final Exchange Ratio. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Amprius' and Kensington's management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied upon by any investors as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Amprius and Kensington. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; the inability of the parties to successfully or timely consummate the Proposed Business Combination, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the Proposed Business Combination or that the approval of the equity holders of Amprius or Kensington is not obtained; failure to realize the anticipated benefits of the Proposed Business Combination; risks related to the rollout of Amprius' business and the timing of expected business milestones; the effects of competition on Amprius' business; supply shortages in the materials necessary for the production of Amprius' products; the termination of government clean energy and electric vehicle incentives or the reduction in government spending on vehicles powered by battery technology; delays in construction and operation of production facilities; the amount of redemption requests made by Kensington's public equity holders; and the ability of Kensington or the combined company to issue equity or equity-linked securities in connection with the Proposed Business Combination or in the future. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in Kensington's periodic filings with the SEC, including Kensington's final prospectus for its initial public offering filed with the SEC on March 2, 2022 and the Registration Statement (as defined below) filed in connection with the Proposed Business Combination. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither Amprius or Kensington presently know or that Amprius and Kensington currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Amprius' and Kensington's expectations, plans or forecasts of future events and views as of the date of this press release. Amprius and Kensington anticipate that subsequent events and developments will cause Amprius' and Kensington's assessments to change. However, while Amprius and Kensington may elect to update these forward-looking statements at some point in the future, Amprius and Kensington specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Amprius' or Kensington's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. Neither Amprius, Kensington, nor any of their respective affiliates have any obligation to update this press release other than as required by law.
This press release relates to the proposed transaction involving Kensington and Amprius. A full description of the terms of the transaction is provided in the registration statement on Form S-4 (File No. 333-265740) (as amended, the "Registration Statement"), filed with the SEC by Kensington. The Registration Statement includes a prospectus with respect to the combined company's securities to be issued in connection with the Proposed Business Combination and a preliminary proxy statement with respect to the shareholder meeting of Kensington to vote on the Proposed Business Combination. Kensington also plans to file other documents and relevant materials with the SEC regarding the Proposed Business Combination. The Registration Statement was declared effective by the SEC, and Kensington commenced mailing, on September 1, 2022, the Proxy Statement/Prospectus to the shareholders of Kensington as of the record date established for voting on the Proposed Business Combination. SECURITY HOLDERS OF AMPRIUS AND KENSINGTON ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND OTHER DOCUMENTS AND RELEVANT MATERIALS RELATING TO THE PROPOSED BUSINESS COMBINATION FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BEFORE MAKING ANY VOTING DECISION WITH RESPECT TO THE PROPOSED BUSINESS COMBINATION BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED BUSINESS COMBINATION AND THE PARTIES TO THE PROPOSED BUSINESS COMBINATION. Shareholders are able to obtain free copies of the Proxy Statement/Prospectus and other documents containing important information about Amprius and Kensington filed with the SEC through the website maintained by the SEC at http://www.sec.gov. The information contained on, or that may be accessed through the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.
Kensington and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Kensington in connection with the Proposed Business Combination. Amprius and its officers and directors may also be deemed participants in such solicitation. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of Kensington's executive officers and directors in the solicitation by reading Kensington's final prospectus filed with the SEC on March 2, 2022, the Proxy Statement/Prospectus and other relevant materials filed with the SEC in connection with the Proposed Business Combination when they become available. Information concerning the interests of Kensington's participants in the solicitation, which may, in some cases, be different from those of Kensington's shareholders generally, is set forth in the Proxy Statement/Prospectus.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, or constitute a solicitation of any vote or approval in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Kensington, Amprius or the combined company, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act.
Contact:
Daniel Huber
Chief Financial Officer
dan@kensington-cap.com
(703) 674-6514
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SOURCE Kensington Capital Acquisition Corp. IV
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https://www.wibw.com/prnewswire/2022/09/07/kensington-capital-acquisition-corp-iv-amprius-technologies-announce-final-exchange-ratio-proposed-business-combination/
| 2022-09-07T21:14:22Z
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NEW YORK, Aug. 3, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Wells Fargo & Company.
Shareholders who purchased shares of WFC during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/wells-fargo-loss-submission-form/?id=30480&from=4
CLASS PERIOD: This lawsuit is on behalf of persons and entities that purchased or otherwise acquired Wells Fargo common stock between February 24, 2021 and June 9, 2022.
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) Wells Fargo had misrepresented its commitment to diversity in the Company's workplace; (ii) Wells Fargo conducted fake job interviews in order to meet its Diverse Search Requirement; (iii) the foregoing conduct subjected Wells Fargo to an increased risk of regulatory and/or governmental scrutiny and enforcement action, including criminal charges; (iv) all of the foregoing, once revealed, was likely to negatively impact Wells Fargo's reputation; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
DEADLINE: August 29, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/wells-fargo-loss-submission-form/?id=30480&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of WFC during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is August 29, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE Levi & Korsinsky, LLP
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https://www.wibw.com/prnewswire/2022/08/03/shareholder-alert-gross-law-firm-notifies-shareholders-wells-fargo-amp-company-class-action-lawsuit-lead-plaintiff-deadline-august-29-2022-nyse-wfc/
| 2022-08-03T11:22:46Z
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WASHINGTON, May 4, 2022 /PRNewswire/ -- Public records belong to the public. So where do we get started tracking them down?
Join the National Press Club Journalism Institute for "My First FOIA: Open records are for everyone" to learn what government records you have a right to and how to request them. Whether you're a journalist, student, parent, community activist, teacher, business owner, or taxpayer, you will learn how to request public records that can help you in your personal and professional life.
Registration is open for this program, which will take place on Friday, May 20 from 11:30 a.m. to 12:30 p.m. ET.
This virtual webinar is designed to help individuals file their first open records request with a local, state, or federal government agency. The Freedom of Information Act, or FOIA, provides the public the right to request access to records from any federal agency. Federal agencies are required to disclose any information requested unless it falls under one of nine exemptions. State and local agencies also have open record laws governing documents produced by government agencies including lawmakers, law enforcement agencies, courts, and school districts, among others. These laws help keep citizens in the know about their government.
During this program, participants will learn:
- Why an individual might file a FOIA or open records request
- The types of public records that exist
- When you should rely on a FOIA or open records request, and other ways to find information
- How to file an open records request
- How to interpret the information you receive
Participants will hear from:
- Kirsten Mitchell, compliance team lead for the U.S. Office of Government Information Services and designated federal officer for the U.S. National Archives and Records Administration's FOIA Advisory Committee
- Lulu Ramadan, an investigative reporter at The Seattle Times and a distinguished fellow with ProPublica's Local Reporting Network
- Mark Walker, an investigative reporter for The New York Times, where he previously was its FOIA coordinator, and the president of Investigative Reporters & Editors
We invite journalists to share this program with people in their lives who might benefit from learning about open records requests.
About the Institute
The National Press Club Journalism Institute promotes an engaged global citizenry through an independent and free press, and equips journalists with skills and standards to inform the public in ways that inspire a more representative democracy. As the non-profit affiliate of the National Press Club, the Institute powers journalism in the public interest.
The National Press Club Journalism Institute serves thousands of people daily with our newsletter, online programming, writing group, and other support. The Institute depends on grants, foundation funds, and contributions from individuals like you. Your donation today allows the Institute to offer the majority of its programming at no cost. If you value the Institute's services, please donate today. Any amount helps.
Press contact: Julie Moos, Executive Director, National Press Club Journalism Institute, jmoos@press.org
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SOURCE National Press Club Journalism Institute
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https://www.mysuncoast.com/prnewswire/2022/05/04/open-records-everything-you-need-know-before-filing-your-first-foia-request/
| 2022-05-04T18:35:51Z
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Purchase of Wisconsin-Based Distributor Enhances MSC's Leading Position in Metalworking
MELVILLE, N.Y. and DAVIDSON, N.C., June 3, 2022 /PRNewswire/ -- MSC INDUSTRIAL SUPPLY CO. (NYSE: MSM), a premier distributor of Metalworking and Maintenance, Repair and Operations supplies to industrial customers throughout North America, today announced that it has acquired Engman-Taylor, a Menomonee Falls, Wisc.-based distributor of metalworking tools and supplies.
Under the agreement, Engman-Taylor will continue to do business under its current name after becoming an MSC company. The company's president and owner, Rick Star, will continue to lead the approximately 90-associate business. The acquisition is expected to be roughly neutral to MSC's fiscal 2022 earnings and slightly accretive to fiscal 2023 earnings.
"We are pleased that Engman-Taylor will be joining forces with MSC. Just as our roots go back to metalworking more than 80 years ago, Engman-Taylor brings decades of technical expertise in metalworking. Their team offers a strong fit in terms of skill, capabilities and culture, and their focus on serving customers at a very high level aligns well with our approach to helping customers solve their mission-critical challenges on the plant floor," said MSC President and CEO Erik Gershwind.
Engman-Taylor serves customers from two locations in Wisconsin, two in Illinois and one in North Carolina, complementing MSC's national reach. Engman-Taylor will be able to offer customers access to MSC's 2 million-plus products, inventory management and other supply chain solutions.
"MSC is a recognized and respected leader in the industrial supply distribution industry. The company's strong track record of enabling the companies it acquires to maintain their identities and customer relationships while offering its vast portfolio of products and solutions provides a winning formula for both organizations. Most importantly, it will enable us to bring even greater value to our customers," said Rick Star, President and CEO of Engman-Taylor.
About MSC Industrial Supply Co.
MSC Industrial Supply Co. (NYSE:MSM) is a leading North American distributor of a broad range of metalworking and maintenance, repair and operations (MRO) products and services. We help our customers drive greater productivity, profitability and growth with approximately 2 million products, inventory management and other supply chain solutions, and deep expertise from over 80 years of working with customers across industries. Our experienced team of more than 6,500 associates is dedicated to working side by side with our customers to help drive results for their businesses - from keeping operations running efficiently today to continuously rethinking, retooling, and optimizing for a more productive tomorrow. For more information on MSC, please visit mscdirect.com.
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SOURCE MSC Industrial Supply Co.
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https://www.wibw.com/prnewswire/2022/06/03/msc-industrial-supply-co-acquires-engman-taylor/
| 2022-06-03T13:53:22Z
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Google announces new smartphones, a watch and tablet at its I/O developer conference
By Rishi Iyengar and Rachel Metz, CNN Business
Google on Wednesday unveiled an expanded lineup of hardware products in the latest sign it remains committed to moving beyond its core advertising business and competing with the likes of Apple.
At its first in-person developer conference in three years, Google announced three new smartphones and its first in-house smartwatch as well as plans to release a new tablet next year. Google also announced updates to several of its most popular tools including Maps, Google Translate and its core search product.
Here are the key takeaways:
Three new Pixel smartphones
Google surprised fans of its smartphone lineup on Wednesday by teasing two new flagship devices — the Pixel 7 and Pixel 7 Pro. While the company didn’t share many details, the two smartphones are expected to be released this fall.
Google also announced the Pixel 6a smartphone, a more affordable version of its Pixel 6 lineup released earlier this year. The Pixel 6a is powered by Google’s in-house Tensor chip and will come in three colors — green, white and black.
It will cost $449 and be available July 21.
Pixel Watch
There are no shortage of Android smartwatches on the market, but now Google is planning to manufacture a new smartwatch of its own for the first time.
The company teased the much-hyped Pixel Watch, which will use Google’s WearOS operating system and be compatible with services such as its voice-enabled Google Assistant, Google Maps and Google Wallet.
An integration with Fitbit, which Google acquired in 2019, will add several activity tracking and fitness features.
The Pixel Watch will be available in the fall, along with the Pixel 7 lineup. Google also teased a new Pixel Tablet, which the company says will be released in 2023.
Pixel Buds Pro
Google also announced a new iteration of its bluetooth earbuds called the Pixel Buds Pro.
Available in four colors — orange, green, white and black — the new earbuds offer features such as active noise cancellation and spatial audio. The Pixel Buds Pro will cost $199 and release on July 21.
Immersive maps
Beyond the hardware, there were also a number of new software updates. Google Maps users will soon be able to get a real-world view of certain cities via a 3D view of popular sights, restaurants and businesses in order to better visualize the space. While Maps already offers satellite view and street view options, Google says its new immersive view feature combines those two to “create a rich, digital model” that makes users feel like they’re on the ground.
A sliding scale will let users see what the area looks like at different times of day, how busy it is, and local traffic conditions.
Immersive view will be available in Los Angeles, London, New York, San Francisco and Tokyo later this year, on all mobile devices using Google’s Android operating system. The company said it plans to add more cities as it develops the feature.
Google Translate
Google is adding 24 languages to its translation tool, Google Translate — a move the company said focuses on languages of Africa and India broadly, and languages generally underserved by technology.
They include Quechua, which is spoken in the Andes, particularly in Peru; Lingala, a language spoken in the Democratic Republic of the Congo; Assamese, which is spoken in northeast India; and Tigrinya, which is spoken in Ethiopia and Eritrea.
The additional languages bring the total number that the tool can translate to 133, and will be available to all Google Translate users in the coming days, the company said.
A new skin-tone scale
Google is launching a new skin-tone scale it hopes will make its products more inclusive.
Many beauty and tech companies classify skin shades based on what’s known as the Fitzpatrick scale. Developed in the 1970s by a Harvard dermatologist, it is used to classify how different skin colors respond to UV light (and, through that, predict a person’s risk of sunburn and skin cancer). Despite including only six skin shades, it’s been used by tech companies for years to inform everything from the colors of emoji and how wearable heart-rate monitors work on different skin tones to efforts to make AI fairer at Facebook.
The company said it will start using the Monk skin tone scale, which was developed by Harvard professor Ellis Monk and includes 10 different shades. Google is using it to do things such as test how well AI models (such as those that can spot faces in pictures) work on people of different skin tones. The company is also using the scale in Google Images searches, such as by letting people narrow down beauty-related image queries by skin shade.
Google will also open-source the scale so others can use it.
Virtual cards
Google is rolling out virtual credit cards to help protect users’ financial information while they’re shopping online.
The feature generates a virtual card number that users can autofill instead of their actual card information on Android mobile devices or in Google’s Chrome browser, masking their real credit card number from the companies they’re shopping from.
Virtual cards will roll out this summer — initially only for US users with Visa, American Express and Capital One credit cards. Google says it plans to add support for Mastercard later this year.
Search privacy controls
Another feature announced on Wednesday aims to give users more control over what results show up when someone searches their name in Google.
The feature, which rolls out in the coming months, will make it easier for users to request that their personal information such as phone numbers, email and home addresses be scrubbed from search results.
Google plans to let users to tailor what ads they see as they surf the internet, with the ability to choose the brands and types of ads they do and do not want to see.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
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https://localnews8.com/news/2022/05/11/google-announces-new-smartphones-a-watch-and-tablet-at-its-i-o-developer-conference/
| 2022-05-11T22:59:02Z
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Tire comes of semitrailer, hits school bus with 38 passengers in southwest Kansas
DODGE CITY, Kan. (WIBW) - No injuries were reported when a tire came off a semitrailer and struck a school bus Wednesday afternoon in Ford County in southwest Kansas, authorities said.
The incident was reported at 2:15 p.m. Wednesday on US-283 highway, about three miles northeast of Dodge City.
According to the Kansas Highway Patrol, a 2001 Kenworth semitrailer was northbound on US-283 when a tire from the third axle of the rig came off, striking the side of a 2007 Thomas HDX school bus that was southbound on the highway.
The school bus had 38 passengers on board, the patrol said.
The driver of the semi, Shayd Weston Dicks, 21, of Colby, was reported uninjured. The patrol said Dicks was wearing a seat belt.
The driver of the school bus, Jay Richard Zehr, 50, of Copeland, was reported uninjured. The patrol said Zehr was wearing his seat belt.
No injuries were reported to any of the passengers on the school bus.
Copyright 2022 WIBW. All rights reserved.
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https://www.wibw.com/2022/04/28/tire-comes-semitrailer-hits-school-bus-with-38-passengers-southwest-kansas/
| 2022-04-28T16:39:57Z
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Nation’s longest-serving school principal going strong at 77
CHALMETTE, La. (WVUE/Gray News) - On a typical school day, 2,200 students walk the halls of Chalmette High School, 115 teachers have class, and one man is in charge, 77-year-old Wayne Warner.
“They keep you young. They make you laugh,” he says. “I think I have a good thing going on here to keep young.”
Warner has been the principal of Chalmette High for 49 years, inspiring students for decades, and is known for his humble, kind demeanor, WVUE reported.
“He is generous. He is so involved in everyday school,” Beau Nunez says.
You can find Warner frequently walking the hallways of the massive 35-acre campus.
Warner started teaching at Chalmette High in 1966. He began as a librarian at 22 and eventually became a social studies teacher.
“I was very lucky to get a job,” he recalls.
He says he felt an immediate connection to Chalmette High and worked his way up to the assistant principal.
At just 29 years old, in 1973, Warner was awarded the top job.
“I didn’t think I deserved it,” he says. “We had so many teachers that were older than and me and more experienced and so forth.”
Surprised by the promotion, Warner was overcome with pride.
“Not just any school. I was principal of Chalmette High School,” he says. “Very special thing at that time.”
His first order of business as principal was to give kids school spirit.
“As the years went on, it caught on and the culture developed about being a student at Chalmette High School,” he says.
In 1992, Carole Mundt, known as “Cookie,” became Warner’s assistant principal and the two have worked side-by-side ever since.
“I’ve learned from him every single day and I think he picks up a gem or two from me from time to time,” she says.
Over his five decades as principal, Warner’s seen it all.
The school has transitioned from all boys to co-ed. When Katrina hit, 98% of St. Bernard Parish went underwater, but Warner never waivered. Chalmette High became a refuge for residents.
“That was a real tough time to go through because we didn’t know if people were going to come back,” he says.
Two and a half months later, Chalmette High reopened as the Unified Recovery School, serving as an anchor for residents to return home and rebuild.
Today, it’s the only high school in the parish.
“We have a beautiful facility now and we have a lot of great programs,” Warner says.
There’s an Olympic-sized swimming pool, a state-of-the-art theatre, tennis courts, and a television studio.
Generations of family members have come and graduated during Warner’s time, including several members of the school’s administration.
“I hear him say sometimes how he loved school so much that he never left and I feel that way about Chalmette High,” Jill Granberry says. “I loved it because of him. He was such a big part of what Chalmette was and what Chalmette High is.”
“The reason I wanted to be here is Wayne Warner,” Will Schneider said. “The reason I came to school every day is because of Wayne Warner.”
In 2017, Warner earned the title of the longest-serving principal in the country and he’s still going strong.
“It makes me wonder how he was when he was younger because if he’s this active this late in the game... I mean he’s at every sporting event, every extracurricular activity that they have at Chalmette High,” Nunez says. “He’s always there.”
“Every single game. Every basketball game. I look up, there’s Mr. Warner cheering and eating his nachos,” Avania Miller says.
And every single morning he delivers the same message to students: The choices you make today shape your world tomorrow.
“That is so true and I will definitely tell that to my children when they come along,” Miller says.
“If these walls could talk,” Warner says. “There’d be a lot to say, I guarantee ya.”
Copyright 2022 WVUE via Gray Media Group, Inc. All rights reserved.
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https://www.mysuncoast.com/2022/05/13/nations-longest-serving-school-principal-going-strong-77/
| 2022-05-13T14:57:48Z
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Inimmune appoints Dr. Alan Joslyn as new CEO, expanding its leadership base as it begins moving products into the clinic
MISSOULA, Mont., June 21, 2022 /PRNewswire/ -- Inimmune Corp., a leader in developing the next generation of vaccines and immunotherapeutics, announced today that Dr. Alan Joslyn has been appointed President and Chief Executive Officer of the company. Dr. Joslyn will also join the Inimmune Board of Directors as CEO.
An experienced business leader, Alan is a veteran of the pharmaceutical industry and has served in leadership positions at several pharmaceutical and biotechnology companies including Lazarus Pharmaceuticals, Sentinella Pharmaceuticals, Edusa Pharmaceuticals, Mt. Cook Pharma, Penwest Pharmaceuticals. Johnson & Johnson, and Glaxo. Most recently, as CEO & President of Oragenics Inc., Alan was instrumental in acquiring a COVID-19 vaccine candidate that expanded the company's infectious disease portfolio. Dr. Joslyn has extensive experience building out clinical development stage capabilities in various R&D biotech companies.
"Inimmune will greatly benefit from Alan's extensive experience in developing strategic plans for both public and private drug companies. This will be particularly important to Inimmune as the company is moving multiple assets from pre-clinical to clinical stages of development" says Dr. Jay T. Evans, a co-founder and former C.E.O. of Inimmune.
Mike Goguen, an Inimmune Board Member and the founder and managing partner of Two Bear Capital agrees, "Alan has the skills and experience needed to help Inimmune continue to be successful through this next phase of the company's growth. We are excited to have him leading the team. "
Alan holds three degrees from the State University of New York at Buffalo: a Ph.D. in Biochemical Pharmacology, a BS in Medical Chemistry, and a BS in Biology. He also completed the Wharton Business School program for Pharmaceutical and Biotech Executives.
Alan succeeds Dr. Jay T. Evans, who served as President and CEO from the company's founding in 2016 through its successful $22 million Series A funding. Dr. Evans will continue at Inimmune as the company's Chief Strategy and Science Officer.
Inimmune is focused on developing the next generation of immunotherapeutics for application in high impact disease areas of cancer, allergy, autoimmunity and infectious disease. Inimmune is composed of a team of experienced pharmaceutical and biotechnology experts armed with a pipeline of proprietary drug candidates. We are committed to improving patient outcomes through innovative science and providing alternative, life altering treatments for allergy, oncology, infectious disease and autoimmune disorders.
For more information about Inimmune, visit Inimmune.com.
Inimmune Corporate Contact:
Dr. Jay T. Evans
C.S.S.O.
1121 East Broadway Suite 121
Missoula, MT 59802
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SOURCE Inimmune Corporation; Two Bear Capital
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https://www.kxii.com/prnewswire/2022/06/21/inimmunes-new-ceo-alan-joslyn-takes-helm/
| 2022-06-21T12:25:12Z
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ATLANTA, June 9, 2022 /PRNewswire/ -- Team Jumbo-Visma is pleased to announce that Supersapiens, the world's first energy management system designed for athletes to drive positive behavior change and unlock better performance and recovery, will continue as an Official Supplier to the men's and women's teams.
Supersapiens, powered by Abbott's Libre Sense Glucose Sport Biosensor, has been working with Team Jumbo-Visma since its launch in 2020. The US-based company delivers innovative insights around glucose data to help athletes make informed nutrition decisions around training and recovery.
Supersapiens' science team has worked closely with Team Jumbo-Visma's performance staff and riders to develop a series of innovations. The primary strategy has been to focus on specific areas of intervention for meaningful and actionable objectives. The key approach is to target a narrow and simple objective to better understand the context and any potential actionable insights.
One of the main scientific areas was the relationship between pre-race meals and glucose levels during exercise. This was done individually to better understand the subjective response to quantity and timing of carbohydrate intake before exercise in relation to glucose response. Another interesting area of understanding was around the relationship between training load and overnight glucose control to target specific nutritional interventions aimed at improving glucose levels during sleep based on training schedule.
"We use Supersapiens to confirm that our nutrition strategies achieve what we think they should achieve. It also allows us to turn general recommendations into more personalized advice. It is the difference between hoping to improve metabolism with nutrition to measuring it," said Asker Jeukendrup, head of nutrition at Team Jumbo-Visma and sports nutrition scientist.
Supersapiens will continue to build upon its expertise and technology, powered by the award-winning Libre Sense Glucose Sport Biosensor1, which it has gained through invaluable data from athletes at the highest level of sports and across different research areas. The partnership aims to continue providing Team Jumbo-Visma with the best working directions to optimize the training environment while focusing on specific performance goals that are actionable and relevant to improving day-to-day exercise capacity for each rider.
"Our strategic partnership with leading teams like Team Jumbo-Visma enables us to work with the world's best athletes, performance staff, and scientists. The close relationship between Team Jumbo-Visma and Supersapiens allowed us first to validate the impact of CGM as a necessary tool for performance, and then to innovate and deliver new features, such as the Coaches Dashboard which further enhance the ability to personalize nutrition for performance," said Supersapiens CEO and Founder Phil Southerland. "Supersapiens is dedicated to R&D and we invest significant resources to improve the quality and performance of our products. We are excited to continue working with Team Jumbo-Visma as together we strive to win races."
Supersapiens launched to the public in September 2020 and the Supersapiens system, including Abbott's Libre Sense Glucose Sport Biosensor, allows athletes to automatically receive their glucose levels every minute to the Supersapiens app via Bluetooth. This data can be viewed on Supersapiens app or their groundbreaking wearable device, the Supersapiens Energy Band, which is the first and only performance wearable that is capable of reading glucose data directly from the Libre Sense Glucose Sport Biosensor.
The Supersapiens system powered by Abbott's Libre Sense Glucose Sport Biosensor is now available in Austria, France, Germany, Ireland, Italy, Luxembourg, Switzerland, and the United Kingdom. Learn more about the full line of Supersapiens products and purchase Abbott's Libre Sense Glucose Sport Biosensor at www.supersapiens.com.
About Team Jumbo-Visma
Team Jumbo-Visma is a Dutch professional top sports team that is visible 365 days a year and performs at the highest level. With the merger of a professional cycling and speed skating team, the foundation has been laid for a new organisation model in Dutch top sports.
This model revolves around innovation, knowledge sharing, talent development and joining forces. Not only in terms of sport, but also commercially and communicatively. There is a new top sports culture that, thanks to dedication, development and sporting achievements, propagates 'Dutch pride' as an important core value. Through our own channels and victories at the highest level, we inspire a new generation and an ever-increasing number of athletes and fans. Management, coaches, athletes and partners share knowledge, they work together and they push each other to greater heights with one goal in mind: winning together!
About Supersapiens
Supersapiens is aiming to be the most influential sports brand of the decade. They develop innovative insights around glucose that drive positive behavior change and unlock better performance and recovery.
Abbott's Libre Sense Glucose Sport Biosensor is intended for athletes to measure their glucose levels. When used with a compatible product, the biosensor allows athletes to correlate their glucose levels and their athletic performance.
The Supersapiens system including Abbott's Libre Sense Glucose Sport Biosensor is not intended for medical use and is not intended for use in screening, diagnosis, treatment, cure, mitigation, prevention, or monitoring of diseases, including diabetes.
The Supersapiens system including Abbott's Libre Sense Glucose Sport Biosensor is not for sale in the U.S and is only available in select countries. For a full list of references and FAQs, please visit our Education Hub and Knowledge Base.
1 https://www.ces.tech/Innovation-Awards/Honorees/2022/Honorees/L/Libre-Sense-World-s-First-Glucose-Sport-Biosensor.aspx
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| 2022-06-09T14:20:25Z
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HOUSTON, Sept. 1, 2022 /PRNewswire/ -- EOG Resources, Inc. (EOG) is scheduled to present at the Barclays CEO Energy-Power Conference at 7:35 a.m. Central time (8:35 a.m. Eastern time) on Thursday, September 8. Ezra Y. Yacob, Chief Executive Officer, will present on behalf of EOG.
Please visit the Investors/Events & Presentations page on the EOG website to access live webcasts and any available replays for up to one year.
About EOG
EOG Resources, Inc. (NYSE: EOG) is one of the largest crude oil and natural gas exploration and production companies in the United States with proved reserves in the United States and Trinidad. To learn more visit www.eogresources.com.
Investor Contacts
David Streit 713-571-4902
Neel Panchal 713-571-4884
Media Contact
Kimberly Ehmer 713-571-4676
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SOURCE EOG Resources, Inc.
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https://www.kxii.com/prnewswire/2022/09/01/eog-resources-present-upcoming-conference/
| 2022-09-01T21:43:39Z
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President Biden heads to Cincinnati to tout manufacturing jobs
On Friday, President Biden is scheduled to visit United Performance Metals in Hamilton, Ohio, located north of Cincinnati.
WASHINGTON (Gray DC) - President Biden is calling on Congress to pass legislation to boost our nation’s productivity. On Friday, he’s heading to Cincinnati to discuss his plan on how to manufacture more in America.
”Cincinnati is a city of the future,” said Cincinnati Mayor Aftab Pureval.
Pureval said his city has a booming manufacturing sector, but said it needs federal support to create more jobs including for battery and green energy production.
”We are home to the largest city-led solar farm in the country,” said Pureval. “In many ways, we’re leading the country in our green innovation.”
On Friday, President Biden is scheduled to visit United Performance Metals in Hamilton, Ohio, located north of Cincinnati.
A release from the White House states the president will discuss his plans to build on the 473,000 manufacturing jobs the White House said were created since Biden took office.
Another focus of the president is pressing leaders in Congress to work out their differences between the America Competes and U.S. Innovation and Competition Acts to pass legislation to boost America’s bottom line.
The President delivered these remarks to Congress in his State of the Union Speech in March.
”Let’s not wait any longer,” said Biden. “Send it to my desk. I’ll sign it.”
In a statement, Rep. Brad Wenstrup (R-Ohio), who represents Cincinnati said in part:
“We need more manufacturing jobs in Ohio, but we need a pro-growth tax code to build them. The Biden Administration’s tactic of taxing and punishing American manufacturers will only hurt our state and Ohio workers.”
This is the president’s second trip to Ohio in recent months. In February, President Biden visited Cleveland and Lorain to tout the Bipartisan Infrastructure Law.
Copyright 2022 Gray DC. All rights reserved.
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https://www.kxii.com/2022/05/05/president-biden-heads-cincinnati-tout-manufacturing-jobs/
| 2022-05-05T21:31:25Z
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HARTFORD, Conn., July 28, 2022 /PRNewswire/ -- Virtus Total Return Fund Inc. (NYSE: ZTR) announced today that it has set August 9, 2022 as the record date for its proposed offering of additional shares of common stock pursuant to its rights offering that was previously announced on March 3, 2022. The Fund filed a registration statement with respect to the rights offering with the Securities and Exchange Commission on March 3, 2022 and amended today July 28, 2022.
The registration statement contemplates that the Fund will issue to shareholders non-transferable rights entitling them to acquire one share of Common Stock for each three rights held, with the right to subscribe for additional shares not subscribed for by others in the primary subscription. Shareholders of record will receive one right for each outstanding share owned on the record date. If a record date shareholder's total ownership is fewer than three shares, such shareholder will receive three rights so that the shareholder may subscribe for one share. The subscription price per share will be equal to 95% of the lower of the net asset value per share of the Fund's common stock at the close of business on the expiration date of the subscription period or the average of the last reported sales price of a share of the Fund's common stock on the New York Stock Exchange on such date and the five preceding business days. No rights offering will be made until the Fund announces the definitive terms of the rights offering and the registration statement incorporating those terms is declared effective by the Securities and Exchange Commission.
A registration statement relating to these rights has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state, or an exemption therefrom.
About the Fund
Virtus Total Return Fund Inc. is a diversified closed-end fund whose investment objective is capital appreciation, with income as a secondary objective. Virtus Investment Advisers, Inc. is the investment adviser, and Duff & Phelps Investment Management Co. and Newfleet Asset Management are the subadvisers to the Fund. For more information on the Fund, contact shareholder services at (866) 270-7788, by email at closedendfunds@virtus.com, or through the closed-end fund section of virtus.com.
About Duff & Phelps Investment Management Co.
Duff & Phelps Investment Management Co. pursues specialized investment strategies with exceptional depth of resources and expertise. With more than 35 years of experience managing investment portfolios, Duff & Phelps has earned a reputation as a leader in investing in global listed infrastructure, global listed real estate, clean energy, and diversified real assets in institutional separate accounts and open- and closed-end funds.
About Newfleet Asset Management
Newfleet Asset Management provides comprehensive fixed income portfolio management in multiple strategies. The Newfleet Multi-Sector Strategies team that manages the Virtus Total Return Fund Inc. employs active sector rotation and disciplined risk management to portfolio construction, avoiding interest rate bets, and remaining duration neutral to each strategy's stated benchmark. Newfleet Asset Management is a division of Virtus Fixed Income Advisers, LLC, which is a registered investment adviser affiliated with Virtus Investment Partners.
Fund Risks
An investment in a fund is subject to risk, including the risk of possible loss of principal. A fund's shares may be worth less upon their sale than what an investor paid for them. Shares of closed-end funds may trade at a premium or discount to their net asset value. For more information about the Fund's investment objective and risks, please see the Fund's annual report. A copy of the Fund's most recent annual report may be obtained free of charge by contacting Shareholder Services as set forth at the bottom of this press release.
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| 2022-07-28T23:40:36Z
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REDWOOD CITY, Calif., Aug. 3, 2022 /PRNewswire/ -- Nevro Corp. (NYSE: NVRO), delivering comprehensive, life-changing solutions for the treatment of chronic pain, today reported its financial results for the second quarter ended June 30, 2022, provided guidance for the third quarter of 2022 and updated its full-year 2022 guidance.
- Second Quarter 2022 Worldwide Revenue of $104.2 Million; Representing 2% As Reported and 4% Constant Currency Growth Compared to Prior Year and 11% As Reported and 12% Constant Currency Growth Over Second Quarter of 2019
- Painful Diabetic Neuropathy (PDN) Represented Approximately $11.0 Million in Revenue in Second Quarter 2022
- Second Quarter 2022 U.S. Trial Procedures Increased 14% Compared to Prior Year and Increased 4% Compared to Second Quarter of 2019, while U.S. PDN Trial Procedures Grew to 14% of Total U.S. Trials in the Quarter and Grew Sequentially 45% over Prior Quarter
- Second Quarter 2022 Net Loss from Operations of $23.8 Million; Second Quarter 2022 Non-GAAP Adjusted EBITDA Loss of $4.5 Million
- Settlement Agreement Reached in Ongoing Intellectual Property Litigations with Boston Scientific
- More Positive Payer Coverage Updates for Treatment of PDN from Several Blue Cross Blue Shield (BCBS) Insurers; Adds Nearly 23 Million Covered PDN Lives, Bringing Total Covered Lives for PDN to Approximately 48% of Addressable U.S. PDN Patients
- Clinical Data Presented at American Diabetes Association 82nd Scientific Sessions Reinforce Significant and Durable Benefits of Nevro's HFX 10 kHz Therapy in PDN Patients at 24 Months
- Newly Released Clinical Data Demonstrates Substantial Improvement in Overall Health-Related Quality of Life in Patients with PDN Treated with Nevro HFX 10 kHz Therapy
- Provides Third Quarter 2022 Revenue Guidance of $97 Million to $101 Million; Updates Full-Year 2022 Revenue Guidance to $400 Million to $410 Million, Which Now Includes Increased Guidance for the Full-Year PDN Contribution of Approximately $42 Million to $45 Million
- Provides Third Quarter 2022 Non-GAAP Adjusted EBITDA Guidance of a Loss of $6 Million to $9 Million; Updates Full-Year 2022 Non-GAAP Adjusted EBITDA Guidance to a Loss of $19 Million to $25 Million
Worldwide revenue for the second quarter of 2022 was $104.2 million, an increase of 2% as reported and 4% on a constant currency basis, compared to $102.3 million in the prior year period, and an increase of 11% as reported and 12% on a constant currency basis, compared to $93.6 million in the second quarter of 2019. PDN represented approximately $11.0 Million in revenue and 11% of worldwide permanent implant procedures in the second quarter of 2022.
U.S. revenue in the second quarter of 2022 was $89.0 million, an increase of 5% compared to $85.0 million in the prior year period and an increase of 14% compared to $78.1 million in the second quarter of 2019. U.S. permanent implant procedures increased 8% compared to prior year and 13% compared to the second quarter of 2019, while U.S. trial procedures increased 14% compared to prior year and 4% compared to the second quarter of 2019. U.S. PDN trial procedures represented approximately 14% of total U.S. trial volume and grew approximately 45% over the first quarter of 2022.
International revenue in the second quarter of 2022 was $15.2 million, a decrease of 12% as reported or 3% constant currency, compared to $17.3 million in the prior year period, and a decrease of 2% as reported or flat constant currency, compared to $15.5 million in the second quarter of 2019. International revenue, particularly in the United Kingdom and Australia, continued to be impacted by COVID-related issues as well throughout the quarter.
"We were particularly pleased with our growth in the U.S., which was 14% ahead of our pre-COVID pace in 2019," said D. Keith Grossman, Chairman, CEO and President of Nevro. "We continued to see an overall trend of SCS market recovery, though the pace of that recovery has been somewhat slower than planned due to the lingering impact of customer staffing and capacity in the quarter, which affects our customer's ability to schedule both the initial trial and the conversion of those trials to permanent implants. In spite of these issues, we are extremely encouraged by the progress of our PDN launch as we are continuing to drive awareness with referring physicians and patients and have made quick strides with payers."
Mr. Grossman continued, "The recent positive payer coverage updates by several Blue Cross Blue Shield carriers to include PDN patients, which now brings our payer policy coverage to almost 50% of this U.S. patient population, will significantly increase patient access to our 10 kHz Therapy. In addition, our recent FDA approval for treating non-surgical back pain patients further differentiates our high-frequency, paresthesia-free SCS technology and uniquely positions us to deliver relief to the many patients in need of our HFX solution to free them from the burden of chronic pain. We are confident that we have laid a very strong foundation for attractive future growth, and we believe the challenges to our market will continue to subside throughout the second half of 2022."
Gross profit for the second quarter of 2022 was $72.7 million, compared to $70.0 million in the prior year period and $63.9 million in the second quarter of 2019. Gross margin was 69.8% in the second quarter of 2022, compared to 68.4% in the prior year period and 68.3% in the second quarter of 2019. "We continue to make investments in our Costa Rica manufacturing facility ahead of FDA approval of this facility, which we expect in the second half of the year," added Rod MacLeod, Chief Financial Officer.
Operating expenses for the second quarter of 2022 were $96.5 million, compared to $85.7 million in the prior year period and $90.5 million in the second quarter of 2019. Litigation-related legal expenses were $4.0 million for the second quarter of 2022, compared to $6.6 million in the prior year period and $4.5 million in the second quarter of 2019. Excluding all litigation-related and PDN expenses, operating expenses would be approximately flat with the second quarter of 2019.
Net loss from operations for the second quarter of 2022 was $23.8 million, compared to a loss of $15.8 million in the prior year period and a loss of $26.6 million in the second quarter of 2019. Non-GAAP adjusted EBITDA for the second quarter of 2022 was a loss of $4.5 million, compared to profit of $3.0 million in the prior year period and a loss of $11.1 million in the second quarter of 2019. Non-GAAP adjusted EBITDA excludes interest, taxes, and non-cash items such as stock-based compensation and depreciation and amortization, as well as litigation-related expenses and certain litigation charges. Please see the financial table below for GAAP to Non-GAAP reconciliations.
Cash, cash equivalents and short-term investments totaled $310.8 million as of June 30, 2022, a decrease of $12.8 million from March 31, 2022. This decrease was primarily driven by funds used in operations.
As previously announced on August 1, 2022, Nevro and Boston Scientific Corp. reached a settlement agreement in their ongoing intellectual property litigations. Pursuant to the parties' settlement, Nevro will receive a payment from Boston Scientific of $85.0 million in cash, and Boston Scientific has released the $20.0 million verdict it was awarded by a Delaware jury on November 1, 2021. The release allows Nevro to reverse the liability related to the $20.0 million loss contingency that it accrued in the period ended September 30, 2021.
In addition, Nevro granted Boston Scientific a worldwide, non-exclusive, non-transferable license to practice paresthesia-free therapy at frequencies below 1,500 Hz and a covenant not to sue for any features embodied in any current Boston Scientific products for frequencies below 1,500 Hz. Boston Scientific also granted Nevro a worldwide, non-exclusive, non-transferable license under Boston Scientific's asserted patent families and a covenant not to sue for any features embodied in any current Nevro products.
Nevro continues to have exclusivity of frequency ranges between 1.5 kHz and 100 kHz, including its best-in-class 10 kHz Therapy.
During the second quarter, a number of coverage updates among Blue Cross Blue Shield (BCBS) insurers were made to explicitly cover PDN. Combined, these BCBS updates represent nearly 23 million commercially insured covered lives with approximately 48% of the addressable U.S. PDN population now covered under a formal policy for PDN:
- Effective April 28, 2022, BCBS Idaho, the largest commercial payer in Idaho representing approximately 559 thousand covered lives, updated their policy to specifically cover PDN.
- Effective May 27, 2022, BCBS Hawaii (HMSA), the largest commercial payer in Hawaii representing approximately 786 thousand covered lives, updated their policy to specifically cover PDN.
- Effective May 29, 2022, BCBS Alabama, the largest commercial payer in Alabama representing approximately 2.5 million covered lives, updated their policy to specifically cover diabetic neuropathy and peripheral neuropathy.
- Effective July 1, 2022, Premera Blue Cross, the largest health plan in the Pacific Northwest (Washington and Alaska) representing approximately 2.5 million covered lives, updated their policy to specifically cover PDN.
- Effective August 1, 2022, Health Care Services Corporation (HCSC) updated their SCS policy to explicitly cover PDN. HCSC is an independent licensee of Blue Cross Blue Shield and the parent company of BCBS Texas, Illinois, Oklahoma, New Mexico, and Montana, which represents over 16 million covered lives.
Nevro continues to monitor and evaluate the impact the global response to the COVID pandemic has had, and will continue to have, on its operations and financial results. This guidance is highly sensitive to the company's assumptions regarding the pace and sustainability of COVID recovery and its related impacts on patient willingness to seek elective care, healthcare facility restrictions and healthcare facility staffing limitations, all of which are difficult to predict. If these assumptions differ from the actual pace of COVID recovery and its impact on the company's markets, then the company may need to change or withdraw this guidance in the future.
Nevro expects third quarter of 2022 worldwide revenue of approximately $97 million to $101 million, or growth of 4% to 8% over prior year. Assuming foreign currency exchange rates hold at current levels, this guidance includes a negative currency impact of approximately $1 million or growth of 6% to 10% on a constant currency basis. In addition, this guidance range assumes that the recovery will continue to steadily improve in the quarter.
The company expects third quarter of 2022 non-GAAP adjusted EBITDA to be a loss of approximately $6 million to $9 million. Non-GAAP adjusted EBITDA excludes certain litigation expenses and credits, interest, taxes and non-cash items such as stock-based compensation and depreciation and amortization. Please see financial tables for GAAP to non-GAAP reconciliations.
Nevro now expects full-year 2022 worldwide revenue of approximately $400 million to $410 million, or growth of 3% to 6% over prior year, compared to previous guidance of $415 million to $430 million, and growth in the second half of the year of 6% to 11%. Assuming foreign currency exchange rates hold at current levels, this guidance includes a negative currency impact for the second half of the year of approximately $2 million or second half growth of 7% to 12% on a constant currency basis. This full-year 2022 guidance also includes approximately $42 million to $45 million of PDN revenue, an increase from previous guidance of $27 million to $32 million. This guidance assumes the remainder of 2022 will see a steady recovery, particularly in the fourth quarter, and includes no significant business impact from new COVID variants or waves and near-term improvement in healthcare facility restrictions and steady improvement in healthcare facility staffing limitations throughout the year.
The company now expects full-year 2022 non-GAAP adjusted EBITDA to be a loss of approximately $19 million to $25 million, compared to previous guidance of a loss of $8 million to $18 million and a non-GAAP adjusted EBITDA loss of $17.2 million in 2021. Non-GAAP adjusted EBITDA excludes certain litigation expenses and credits, interest, taxes and non-cash items such as stock-based compensation and depreciation and amortization. Please see financial tables for GAAP to Non-GAAP reconciliations.
An investor presentation for the company's second quarter 2022 financial results is available in the "Investors" section of Nevro's website at www.nevro.com.
As previously announced, Nevro management will host a conference call starting at 1:30 pm PT / 4:30 pm ET today. Investors interested in listening to the call may do so by dialing (888) 330-2443 in the U.S. or +1 (240) 789-2728 internationally, using Conference ID: 3583097. A live webcast, as well as an archived recording, will also be available in the "Investors" section of Nevro's website at: www.nevro.com.
Nevro routinely posts information that may be important to investors in the "Investor Relations" section of its website at www.nevro.com. The company encourages investors and potential investors to consult the Nevro website regularly for important information about Nevro.
Headquartered in Redwood City, California, Nevro is a global medical device company focused on delivering comprehensive, life-changing solutions that continue to set the standard for enduring patient outcomes in chronic pain treatment. The company started with a simple mission to help more patients suffering from debilitating pain and developed its proprietary 10 kHz Therapy, an evidence-based, non-pharmacologic innovation that has impacted the lives of more than 80,000 patients globally.
Nevro's comprehensive HFX™ spinal cord stimulation (SCS) platform includes a Senza SCS system and support services for the treatment of chronic trunk and limb pain and painful diabetic neuropathy. Senza®, Senza II®, and Senza Omnia™ are the only SCS systems that deliver Nevro's proprietary 10 kHz Therapy. Nevro's unique support services provide every patient with an HFX Coach™ throughout their pain relief journey and every physician with HFX Cloud™ insights for enhanced patient and practice management.
Senza, Senza II, Senza Omnia, HFX, HXF Coach, HFX Cloud, HFX Connect, Nevro and the Nevro logo are trademarks of Nevro Corp.
To learn more about Nevro, connect with us on LinkedIn, Twitter, Facebook and Instagram.
In addition to historical information, this press release contains forward-looking statements reflecting the company's current beliefs and expectations of management made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including: our third quarter and full-year 2022 financial guidance, including our expectations for PDN revenue in 2022; our belief that the recent positive payer coverage updates by several Blue Cross Blue Shield carriers to include PDN patients will significantly increase patient access to our 10 kHz Therapy; our belief that our recent FDA approval for treating NSBP patients further differentiates our high-frequency, paresthesia-free SCS technology and uniquely positions us to deliver relief to the many patients in need of our HFX solution to free them from the burden of chronic pain; our belief that we have laid a very strong foundation for attractive future growth, and the challenges to our market will continue to subside; and our belief that we will receive FDA approval of our Costa Rica facility in the second half of 2022. These forward-looking statements are based upon information that is currently available to us or our current expectations, speak only as of the date hereof, and are subject to numerous risks and uncertainties, including our ability to successfully commercialize our products; our ability to manufacture our products to meet demand; the level and availability of third-party payor reimbursement for our products; our ability to effectively manage our anticipated growth and the costs and expenses of operating our business; our ability to protect our intellectual property rights and proprietary technologies; our ability to operate our business without infringing the intellectual property rights and proprietary technology of third parties; competition in our industry; additional capital and credit availability; our ability to attract and retain qualified personnel; and product liability claims. These factors, together with those that are described in greater detail in our Annual Report on Form 10-K filed on February 23, 2022, as well as any reports that we may file with the Securities and Exchange Commission in the future, may cause our actual results, performance or achievements to differ materially and adversely from those anticipated or implied by our forward-looking statements. We expressly disclaim any obligation, except as required by law, or undertaking to update or revise any such forward-looking statements. Nevro's operating results for the second quarter ended June 30, 2022 are not necessarily indicative of our operating results for any future periods.
Management uses certain non-GAAP financial measures, most specifically Adjusted EBITDA, as a supplement to GAAP financial measures to further evaluate the company's operating performance period over period, analyze the underlying business trends, assess performance relative to competitors and establish operational objectives.
Management believes it is important to provide investors with the same non-GAAP metrics it uses to evaluate the performance and underlying trends of the company's business operations to facilitate comparisons to its historical operating results and evaluate the effectiveness of its operating strategies. Disclosure of these non-GAAP financial measures also facilitates comparisons of the company's underlying operating performance with other companies in the industry that also supplement their GAAP results with non-GAAP financial measures.
EBITDA is a non-GAAP financial measure, which is calculated by adding interest income and expense, net; provision for income taxes; and depreciation and amortization to net income. In calculating non-GAAP Adjusted EBITDA, the company further adjusts for the following items:
- Stock-based compensation expense – The company excludes non-cash costs related to the company's stock-based plans, which include stock options, restricted stock units and performance-based restricted stock units as these expenses do not require cash settlement from the company.
- Litigation-related expenses and credits – The company excludes legal and professional fees as well as charges and credits associated with certain legal matters, which management considers not related to the underlying operating performance of the business.
Full-year guidance excludes the impact of foreign currency fluctuations.
The non-GAAP financial measure should not be considered in isolation from, or as a replacement for, the most directly comparable GAAP financial measures, as it is not prepared in accordance with U.S. GAAP.
Amounts may not add due to rounding.
Investors and Media:
Julie Dewey, IRC
Nevro Corp.
Chief Corp Communications & Investor Relations Officer
650-433-3247 | julie.dewey@nevro.com
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| 2022-08-03T21:27:10Z
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GEM Digital's investment commitment helps scale up world's first global Layer 1, Proof of Authority Web3 financial ecosystem in 150 countries
OSLO, Norway, July 27, 2022 /PRNewswire/ -- Reltime AS is pleased to announce a strategic investment partnership with GEM Digital Limited, a digital asset investment firm based in The Bahamas.
Reltime has developed the world's first global Layer 1, Proof of Authority (PoA) blockchain and Web3 financial ecosystem. Reltime's goal is by 2025 for 100,000,000 people and enterprises to be financially free and do more with money by sending, receiving, withdrawing, depositing, borrowing, lending, earning, swapping, interacting and transacting on the Metaverses and in the real world.
Accelerating the global uptake, roll-out and optimisation of its Web3 ecosystem, Reltime is offering cutting-edge, white-labelled B2B2C and Web3 embedded finance solutions to partners on all continents. For a 24-page presentation on Reltime, please visit https://reltime.com/pitch.
Peter Michel Heilmann, CEO, Reltime in Amsterdam
GEM Digital's commitment provides Reltime with the opportunity to scale up following years of game-changing Research and Development (R&D), while bolstering its activities in 150 countries and taking the company to the next level.
With this latest commitment, Reltime intends to launch and further develop new technologies and solutions, including but not limited to:
- The world's first Web3 biometric payment card with cold storage and ID (more details will be announced in a separate press release shortly).
- Reltime's state-of-the-art Proof of Deposit (PoD) protocol, which provides more secure and safe solutions for safeguarding the financial assets of people and businesses world-wide.
- Reltime DEX (Decentralised Exchange) and Reltime NFT Marketplace, which can also be white labelled. Reltime already enables businesses, developers, and others to build and launch new products, services, tokens, marketplaces and NFTs on top of its Layer 1, Proof of Authority blockchain.
- FastTrack to Web3, a three-week, white-labelled, custom-built, and all-in-one B2B2C Web3 Banking as a Service (W3BaaS) solution for companies and trusted brands wishing to enter the Web3 embedded finance (blockchain) space.
- Reltime's Metaverse SDK (software development kit), allowing companies, developers, and partners to provide Reltime's white-labelled products, services and solutions on different Metaverses.
Reltime will soon commence the off-net integration of its physical, biometric and virtual cards, e-money, BIN and IBAN (SWIFT, SEPA and Faster Payment System (FPS), UK). Further information on Reltime's ecosystem development can be found at https://www.reltime.com/whitepaper (pages 70-72).
Both parties also agreed that GEM's portfolio companies will explore cross-pollination opportunities, capitalising on Reltime's Layer 1, PoA blockchain and Web3 financial ecosystem.
"This global investment commitment represents an enormous opportunity for Reltime to strengthen our mission and vision and gives us a major boost of confidence that we are on the right track," says Marlene Julo, co-founder, Chair, CFO and anchor investor, Reltime. "We envision a world where the power belongs in the hands of the people—regardless of income, background, gender, race, ethnicity, banked, unbanked or underbanked status."
"We warmly welcome GEM on board as our new strategic investment partner, which opens new doors and broadens our global investor base," says Peter Michel Heilmann, CEO, Reltime. "Following years of extensive R&D and hard work, Reltime is now ready to scale up and go global, offering unique, disruptive and valuable products and services. The investment commitment will significantly boost our ability to introduce new innovative technologies and solutions to the global marketplace."
About GEM
GEM Digital Limited is a digital asset investment firm. Based in The Bahamas, the firm actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally.
With offices in New York, Paris and The Bahamas and founded in 1991, Global Emerging Markets ("GEM") is a USD 3.4 billion alternative investment group that manages a diverse set of investment vehicles focused on emerging markets across the world. GEM's investment vehicles provide the group and its investors with a diversified portfolio of asset classes that span the global private investing spectrum.
About Reltime
Reltime is the world's first global, Layer 1, Web3 financial ecosystem. Headquartered in Oslo, Reltime is building a new global financial tribe of people and businesses eager to take back control of their finances. The idea behind Reltime germinated when Frode van der Laak, inventor and co-founder, started to deep-dive into blockchain along with a team of students and a professor at King's College London in 2018.
Reltime's global Web3 financial ecosystem empowers people and businesses world-wide to take back control of their finances. Reltime members are able to send, receive, withdraw, deposit, borrow, lend, earn, swap, interact, transact and open joint accounts within and outside the Web3 financial ecosystem in 150 countries. They can also create their own ecosystem within Reltime. In addition, the company offers disruptive and cutting-edge white-labelled B2B2C and Web3 embedded finance solutions to partners around the world. Individual developers and tech companies are encouraged to create fantastic applications into Reltime's Web3 financial ecosystem, utilising OpenAPI, decentralised applications (dApps) and smart contracts.
Reltime has listed its RTC token on several global digital asset exchange platforms, including BitMart and CoinTiger, and has subsidiaries in Norway (Conax Technology AS, established in January 2010), Lithuania and El Salvador.
https://reltime.com
#MoreThanMoney
For media enquiries:
Cornelia S. van der Laak
IRO and Director of Partnerships
Reltime AS
Tel.: +4740769988
cornelia@reltime.com
Twitter: https://twitter.com/reltime_rtc
Facebook: https://www.facebook.com/reltimeecosystem
LinkedIn: https://www.linkedin.com/company/reltimedefi
Telegram: https://t.me/reltimedefiecosystem
For further information, please contact:
Peter Michel Heilmann
CEO
Reltime AS
pm@reltime.com
This information was brought to you by Cision http://news.cision.com
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| 2022-07-27T09:27:42Z
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Acquisition will expand Constant Contact's international footprint
WALTHAM, Mass. and BRISBANE, Australia, April 7, 2022 /PRNewswire/ -- Constant Contact, a digital marketing platform used by millions of small businesses, backed by Clearlake Capital Group, L.P. (together with its affiliates, "Clearlake") and Siris Capital Group, LLC (together with its affiliates, "Siris"), announced today that it has completed its acquisition of Vision6. Terms of the transaction were not disclosed.
"We are pleased to welcome Vision6 to the Constant Contact team, and I look forward to working together to deliver for small businesses, government agencies and nonprofits in Australia," said Frank Vella, CEO, Constant Contact. "Vision6's products, people and culture are closely aligned with our own. We are eager to partner with them as colleagues, and I am certain their market knowledge, passion and energy will be instrumental to our global growth and investment plans."
"This deal enhances Vision6's ability to support the evolving needs of our customers as a trusted Australian SMS and email marketing software," said Mathew Myers, co-founder and CEO, Vision6. "We are excited to join the Constant Contact team - they clearly share our passion for innovation and, together, we see an opportunity to accelerate our growth."
Constant Contact is committed to preserving the data sovereignty Vision6 upholds in Australia. This acquisition will provide Constant Contact the opportunity to expose its portfolio of email marketing, small business CRM, analytics and ecommerce integrations to the Australian marketplace through Vision6.
About Constant Contact
Constant Contact delivers for small businesses and nonprofits with powerful tools that simplify and amplify digital marketing. Whether it's driving sales, growing a customer base or engaging an audience, we deliver the performance and guidance to build strong connections and generate powerful results. For more information, visit www.constantcontact.com.
About Vision6
As Australia's most reliable email and SMS marketing software, Vision6 is passionate about helping marketers and agency professionals to get more customers and grow their business. Since 2001, Vision6 is relied upon by thousands of businesses for its industry-leading marketing solution, real person local support, data sovereignty and security. For more information, visit https://www.vision6.com.au/.
About Clearlake
Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlake's operational improvement approach, O.P.S.® The firm's core target sectors are industrials, technology, and consumer. Clearlake currently has over $72 billion of assets under management, and its senior investment principals have led or co-led over 300 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. More information is available at www.clearlake.com and on Twitter @Clearlake.
About Siris
Siris is a leading private equity firm that invests primarily in mature technology and telecommunications companies with mission-critical products and services, facing industry changes or other significant transitions. Siris' development of proprietary research to identify opportunities and its extensive collaboration with its Executive Partners and Advisors are integral to its approach. Siris' Executive Partners and Advisors are experienced senior operating executives that actively participate in key aspects of the transaction lifecycle to help identify opportunities and drive strategic and operational value. Siris is based in New York, Silicon Valley and West Palm Beach, and has raised nearly $6 billion in cumulative capital commitments. www.siris.com.
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| 2022-04-07T22:38:14Z
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PORTLAND, Ore., June 28, 2022 /PRNewswire/ -- "The number of bad actors is increasing and they are getting more sophisticated as they target local government agencies. Cyberattacks and ransomware represent the number one concern of IT directors at the local government agency level," says Doug Robinson, Executive Director of the National Association of State Chief Information Officers (NASCIO). During Springbrook's annual Activate conference, Robinson will be providing an update on the $1 billion Federal Cybersecurity Grant that will ultimately provide local government agencies with monies to reenforce their cybersecurity initiatives. Robinson is one of several keynoters addressing this year's Activate cybersecurity theme: Securing Your Future.
Robinson provided details on the 2021/2022 cybersecurity grant program and its $200 million distribution on a Springbrook Research Institute interview earlier this year. The distribution, part of a four-year, $1 billion infrastructure package, is currently working its way through the system. The awards will be issued through a competitive process, and Robinson will be providing up to the minute details as information becomes available. Robinson's current update on the grant is now available on the Springbrook Research Institute.
"The creation of this grant program is a significant step toward improving the cyber resilience for state and local governments across the country. The state CIOs and CISOs look forward to playing a significant role in the implementation of this program," adds Robinson.
Springbrook's Activate event is September 14-16, 2022 at the Virgin Resort in Las Vegas. It is open to all representatives from local government agencies: register here. The event features advanced training, keynote presentations, workshops and incredible networking opportunities. A complete agenda can be found on the registration page.
About Springbrook Software:
Springbrook Software is the country's leading cloud-based finance and administration software provider designing solutions specifically for small to medium sized local government agencies. Nearly 2000 cities, towns and districts from coast to coast use our suite of modern, high-performance solutions to manage their finances, payroll, utility billing and collect citizen payments. Springbrook is headquartered in Portland, Oregon with regional presence in over 40 states, and seven countries internationally. https://springbrooksoftware.com
MEDIA CONTACT: steve.lundin@sprbrk.com
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| 2022-06-28T16:30:33Z
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NEW YORK, July 13, 2022 /PRNewswire/ -- The Harvard Business School Club of New York (HBSCNY), the largest alumni organization of Harvard Business School (HBS), is pleased to announce that its Board of Directors has elected Deborah Farrington and Zameer Kassam to the roles of Board Chair and Director respectively, effective July 1, 2022. Ms. Farrington succeeds outgoing Chair Mark Tatum.
Both leaders illustrate the Club's ongoing commitment to diversity, equity, and inclusion and to driving lasting social and economic change in the Greater New York City community. With Ms. Farrington's appointment, the Club has, for the first time, a woman in the Board Chair role and, with the election of Clare Peeters as President in 2021, women in both the Board Chair and President positions.
Deborah Farrington is Co-founder and Managing Partner of StarVest Partners LP, a New York City based venture capital firm investing in technology-enabled business services with a focus on software-as-a-service, data & analytics, and internet marketing. Founded in 1998, it is one of the largest women majority-owned venture capital firms in the US. Ms. Farrington has been named multiple times to the Forbes Midas 100 list of top venture capitalists, twice as the top woman on the list, and received the Foreign Policy Association Medal for Achievement in Financial Services in 2018. She is a graduate of Smith College where she served as a Trustee and chaired its Investment Committee.
She holds an MBA from Harvard Business School where she has endowed a "Fellowship for Women Entrepreneurs" and served on the Visiting Committee and as a Vice President of the Alumni Board. She has served on the Club board since 2008 and chaired its Leadership Dinner in 2016 and the HBS New York Women's Leadership Accelerator conference in 2019. She is a board member of the American Friends of the Victoria & Albert Museum in London and the Business Committee of the Metropolitan Museum of Art.
Ms. Farrington stated, "The HBS Club of New York has built a remarkably vibrant community. I'm proud to be associated with an organization that enables our alumni to use their leadership and business skills to make such a meaningful difference."
Zameer Kassam is a jewelry designer, entrepreneur, and storyteller who has emerged as one of the global jewelry industry's most innovative thinkers and artists. He is the Founder and CEO of Zameer Kassam Fine Jewelry, which he launched in 2011. While the business began as a passion project, it tapped into a growing demand for personal design and thoughtful experiences, gaining substantial press and industry accolades. In the fall of 2020, Harvard Business School published "Zameer Kassam Fine Jewelry: Engaging Clients," a case study profiling his unique business model and how it was modified during the worldwide pandemic. The case is currently being taught to MBA students, Executive Education participants, and members of the YPO (Young Presidents Organization), among others. Mr. Kassam has been featured in publications including the New York Times, VOGUE and CNBC. He is a Friend of the Costume Institute at the Metropolitan Museum of Art and currently the subject of a BBC documentary.
Mr. Kassam commented, "The HBS Club of New York is a unique and powerful platform. I look forward to building on the existing foundation, with a special focus on creative entrepreneurship and deepening relationships with LGBTQ+ and other historically underrepresented alumni groups."
The Harvard Business School Club of New York is HBS' largest alumni organization globally. Founded in 1920, the Club's mission is to make a difference and to support Harvard Business School by engaging alumni, impacting community, and fostering leadership and lifelong learning.
Media Contact:
Bette Lawler
blawler@hbscny.org
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| 2022-07-13T22:10:01Z
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WASHINGTON (AP) — A bipartisan group of senators agreed Wednesday on proposed changes to the Electoral Count Act, the post-Civil War-era law for certifying presidential elections that came under intense scrutiny after the Jan. 6 attack on the Capitol and Donald Trump’s effort to overturn the 2020 election.
Long in the making, the package introduced by the group led by Sens. Susan Collins of Maine and Joe Manchin of West Virginia is made up of two separate proposals. One would clarify the way states submit electors and the vice president tallies the votes in Congress. The other would bolster security for state and local election officials who have faced violence and harassment.
“From the beginning, our bipartisan group has shared a vision of drafting legislation to fix the flaws of the archaic and ambiguous Electoral Count Act of 1887,” Collins, Manchin and the other 14 senators said in a joint statement.
“We have developed legislation that establishes clear guidelines for our system of certifying and counting electoral votes,” the group wrote. “We urge our colleagues in both parties to support these simple, commonsense reforms.”
Both Senate Majority Leader Chuck Schumer and Senate Republican leader Mitch McConnell have signaled support for the bipartisan group, but the final legislative package will undergo careful scrutiny.
Votes are not likely before fall. But with broad support from the group of 16 senators, seven Democrats and nine Republicans, who have worked behind closed doors for months with the help of outside experts, serious consideration is assured.
In a statement, Matthew Weil, executive director of the Democracy Program at the Bipartisan Policy Center, called the framework a “critical step” in shoring up ambiguities in the Electoral Count Act.
After Trump lost the 2020 election, the defeated president orchestrated an unprecedented attempt to challenge the electors sent from battleground states to the joint session of Congress on Jan. 6, when the vice president presides over certification.
Under the proposed changes, the law would be updated to ensure the governor from each state is initially responsible for submitting electors, as a way to safeguard against states sending alternative or fake elector slates.
Additionally, the law would spell out that the vice president presides over the joint session in a “solely ministerial” capacity, according to a summary page. It says the vice president “does not have any power to solely determine, accept, reject, or otherwise adjudicate disputes over electors.”
That provision is a direct reaction to Trump’s relentless efforts to pressure then Vice President Mike Pence to reject the electors being sent from certain battleground states as a way to halt the certification or tip it away from Joe Biden’s victory.
The bill also specifies the procedures around presidential transitions, including when the election outcome is disputed, to ensure the peaceful transfer of power from one administration to the next.
That’s another pushback to the way Trump blocked Biden’s team from accessing some information for his transition to the White House.
The second proposal, revolving around election security, would double the federal penalties to up to two years in prison for individuals who “threaten or intimidate election officials, poll watchers, voters or candidates,” according to the summary.
It also would seek to improve the way the U.S. Postal Service handles election mail and “provide guidance to states to improve their mail-in ballot processes.” Mail-in ballots and the role of the Postal Service came under great scrutiny during the 2020 election.
An Associated Press review of potential cases of voter fraud in six battleground states found no evidence of widespread fraud that could change the outcome of the election. A separate AP review of drop boxes used for mailed ballots also found no significant problems.
The need for election worker protections was front and center at a separate hearing Wednesday of the House Committee on Homeland Security. Election officials and experts testified that a rise in threats of physical violence is contributing to staffing shortages across the country and a loss of experience at local boards of elections.
“The impact is widespread,” said Neal Kelley, a former registrar of voters in Orange County, California, who now chairs the Committee for Safe and Secure Elections. “And, while the effects on individuals are devastating, the potential blow to democracy should not be dismissed.”
Elizabeth Howard, senior counsel at the Brennan Center for Justice, told the committee that Congress needs to direct more money and support toward protecting election workers’ personal safety, including by funding local and federal training programs and providing grants to enhance security at election directors’ personal residences.
Democratic New Mexico Secretary of State Maggie Toulouse Oliver, who recently reported a series of threats, told the panel the situation has become worse after former President Donald Trump’s attacks against the 2020 election result.
“Unfortunately, we are still on a daily basis, in my state and across the country, living with the reverberating effects of the ‘Big Lie’ from 2020,” she said. “And, as we all know, when it comes to leadership, what you say from the very highest echelons of government power in this country do have those reverberating effects.”
Some Republican members of the committee condemned violence against election workers — and also drew a parallel to recent threats and intimidation directed toward some Supreme Court justices after their decision to overturn constitutional protections for abortion.
GOP Rep. Clay Higgins of Louisiana rejected the notion that Trump and other election skeptics were solely responsible for the “atmosphere of mistrust” that grew up around the 2020 election.
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Associated Press writer Julie Carr Smyth in Columbus, Ohio contributed to this report.
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https://cw33.com/news/politics/ap-politics/senators-propose-changes-to-electors-law-after-capitol-riot/
| 2022-07-20T23:23:46Z
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SANTA FE SPRINGS, Calif., Sept. 14, 2022 /PRNewswire/ -- Vance & Hines, the most noted name in powersports performance, today announced a lineup of exhaust systems for the most popular side-by-side (SxS) UTV offerings on the market. The UTV market in the US was estimated at over $7 billion in 2020 with a projected CAGR of 6% through 2027.
The company will debut its Mojave Eliminator Series this weekend at the Sand Sports Super Show in Orange County, California.
"Style, sound and performance are the three pillars of our brand," said Vance & Hines President Mike Kennedy. "We knew we wanted to enter the side-by-side market with a bold statement about Vance & Hines. Not just great performance, not just great sound, but also a style that totally transforms the rear of the vehicle. I think our team nailed it, and I can't wait to show it to customers this weekend."
Every aspect of the new line of exhaust systems has been tailored to meet the rigorous demands of off-roading, from heavy-duty bracketry to an automotive-grade, all-mechanical muffler design that is maintenance-free. Each of the systems produces power gains along with a deeper and more satisfying growl, while still meeting SAE J1287 sound standards and complying with EPA emissions criteria. All the units are equipped with US Forest Service compliant spark arrestors.
Vance & Hines has been creating race-winning systems for the Yamaha Powersports1.com racing team since 2020, with drivers Rod and Owen VanEperen, earning four SxS championships over the past three seasons. Those learnings from the track have enabled the company to develop the Mojave Eliminator Series, testing and refining the new systems at the Vance & Hines Off Road Proving Grounds in the Mojave Desert.
All of the systems are visually striking and change the look of the rear of the unit with a laser-cut rear guard featuring the Vance & Hines logo. The 4-inch, dual-tip, center exits with CNC-machined billet end caps reaffirm to riders left in the dust that this system delivers the sound, performance and style that Vance & Hines is known for.
The initial launch of the series includes three part numbers which fit Honda, Polaris and Can-Am units dating from 2017 to today. (See below for specific fitments). Vance & Hines will begin shipment of its Mojave Eliminator Series units later in October.
Vance & Hines part number 14531 mounts to the factory header on Honda Talon units from 2019 to 2022. Retail price is $1,399.99.
The 2022 Polaris RZR Turbo R and 2020 to 2022 Polaris RZR Pro XP models use Vance & Hines part number 11015 which mounts to the factory down pipe. Retail price is $1,399.99.
Can-Am Maverick X3 from 2017 to 2022 use Vance & Hines part number 11017 which mounts to the factory down pipe. Retail price is $1,249.99.
Race Only parts for the Yamaha YXZ1000R are available through the Vance & Hines Racing Development Center in Brownsburg, IN. There are two configurations to choose from for the Yamaha, including a full system under part number 15210 with a retail price of $1,499.99 and a slip-on ideal for vehicles running a turbocharger under part number 15213 with a retail price of $699.99.
The Vance & Hines brand has always been about enhancing the exhilaration of the motorcycle ride. It started over 40 years ago, when Terry Vance and Byron Hines were two young enthusiasts in the fledgling Southern California motorcycle drag race scene. Terry always wanted to go faster, and Byron knew how to make that happen. In short order, their on-track success and innovation drew the attention of other racers, riders and motorcycle manufacturers, which ultimately translated to commercial demand for their products and services. Today, the Company's mission and activity is the same; make bikes go faster on the racetrack and take those learnings to make impactful products for riders around the world. Since the Company's inception in 1979, it has run factory race programs in partnership with Suzuki, Yamaha, Ducati and Harley-Davidson in drag racing, road racing and flat track. Vance & Hines is based in Santa Fe Springs CA and has its Racing Development Center in Brownsburg IN. Learn more about the company's history and products at www.vanceandhines.com.
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| 2022-09-14T19:35:47Z
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ARLINGTON, Va., May 31, 2022 /PRNewswire/ -- Today, the American Diabetes Association® (ADA) published important updates to the Standards of Medical Care in Diabetes—2022 (Standards of Care), in annotations as the Living Standards of Care. Changes include new data on:
- Finerenone and its effects in people with type 2 diabetes and chronic kidney disease on cardiovascular outcomes
- SGLT2 inhibitors and their effects in people with type 2 diabetes on heart failure and renal outcomes
- New information on calculating eGFR and inclusion of race for kidney disease diagnosis
These amendments were driven by recently published research and were crafted and approved by the ADA's Professional Practice Committee, which is responsible for developing the Standards of Care. Updates to Section 10, Cardiovascular Disease and Risk Management, have also been reviewed and approved by the American College of Cardiology, which endorses this section. The Living Standards of Care are available immediately online at Diabetes Care®.
Updates to the Living Standards of Care include information added to the following sections:
- Section 10 has been updated to include the evidence from Empagliflozin Outcome Trial in Patients With Chronic Heart Failure With Preserved Ejection Fraction (EMPEROR-Preserved), the Dapagliflozin in PRESERVED Ejection Fraction Heart Failure (PRESERVED-HF) trial, the Efficacy and Safety of Finerenone in Subjects With Type 2 Diabetes Mellitus and Diabetic Kidney Disease (FIDELIO-DKD) trial, and the Efficacy and Safety of Finerenone in Subjects With Type 2 Diabetes Mellitus and the Clinical Diagnosis of Diabetic Kidney Disease (FIGARO-DKD) trial.
- Section 11 has been amended to include the evidence from Empagliflozin Outcome Trial in Patients With Chronic Heart Failure With Preserved Ejection Fraction (EMPEROR-Preserved) trial, the Efficacy and Safety of Finerenone in Subjects With Type 2 Diabetes Mellitus and Diabetic Kidney Disease (FIDELIO-DKD) trial, and the Efficacy and Safety of Finerenone in Subjects With Type 2 Diabetes Mellitus and the Clinical Diagnosis of Diabetic Kidney Disease (FIGARO-DKD) trial, as well as the NKF-ASN Task Force recommendations on reassessing the inclusion of race in diagnosing kidney disease.
"This is the fifth year that we are able to update the Standards of Care after it has been published through our Living Standards of Care updates, making it possible to give diabetes care providers the most important information and the latest evidence relevant to their practice," said Dr. Robert Gabbay, chief scientific and medical officer for the ADA. "With approximately 537 million adults living with diabetes around the world, it's important to equip providers with the newest research through our guidelines as we learn more."
The Standards of Care provides the latest in comprehensive, evidence-based recommendations for the diagnosis and treatment of children and adults with type 1, type 2, or gestational diabetes; strategies to improve the prevention or delay of type 2 diabetes; and therapeutic approaches that reduce complications and positively affect health outcomes. In 2018, the ADA began updating and revising the online version of the Standards of Care throughout the year with annotations for new evidence or regulatory changes that merit immediate incorporation. The online version of the Standards of Care now includes any research updates or policy changes that are approved throughout 2022.
The complete, annotated Standards of Care, which includes updates made today, can be accessed online at Diabetes Care. The Abridged Standards of Medical Care in Diabetes has also been updated and can be accessed online at Clinical Diabetes®.
About Diabetes Care
Diabetes Care, a monthly journal of the ADA, is the highest-ranked, peer-reviewed journal in the field of diabetes treatment and prevention. Dedicated to increasing knowledge, stimulating research, and promoting better health care for people with diabetes, the journal publishes original articles on human studies in clinical care, education, and nutrition; epidemiology, health services and psychosocial research; emerging treatments and technologies; and pathophysiology and complications. Diabetes Care also publishes the ADA's recommendations and statements, clinically relevant review articles, editorials, and commentaries. Topics covered are of interest to clinically oriented physicians, researchers, epidemiologists, psychologists, diabetes care and education specialists, and other health care professionals.
About the American Diabetes Association
The American Diabetes Association (ADA) is the nation's leading voluntary health organization fighting to bend the curve on the diabetes epidemic and help people living with diabetes thrive. For 81 years, the ADA has driven discovery and research to treat, manage, and prevent diabetes while working relentlessly for a cure. Through advocacy, program development, and education we aim to improve the quality of life for the over 133 million Americans living with diabetes or prediabetes. Diabetes has brought us together. What we do next will make us Connected for Life. To learn more or to get involved, visit us at diabetes.org or call 1-800-DIABETES (1-800-342-2383). Join the fight with us on Facebook (American Diabetes Association), Spanish Facebook (Asociación Americana de la Diabetes), LinkedIn (American Diabetes Association), Twitter (@AmDiabetesAssn), and Instagram (@AmDiabetesAssn).
Contact: Daisy Diaz, 703-253-4807
press@diabetes.org
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https://www.wibw.com/prnewswire/2022/05/31/important-updates-standards-medical-care-diabetes-2022-incorporate-new-evidence/
| 2022-05-31T17:00:44Z
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Guidehouse new report examines infrastructure resilience challenges and offers strategies that integrate resilience at every operational level
WASHINGTON, June 1, 2022 /PRNewswire/ -- Guidehouse, a leading global provider of consulting services to public sector and commercial clients, today released a new report detailing the ways strategic investment can build infrastructure resilience and maintain physical, social, and economic viability.
Whether caused by natural disasters, worldwide pandemics, regional conflicts, physical or cyber-related attacks, the interrelated nature of infrastructure failures can escalate in the physical, societal, and cyber arenas simultaneously. The report, Future-Proofed: Protecting Infrastructure in Uncertain Times, explores the key infrastructure resilience challenges that organizations face, the need to rethink old models in favor of a more holistic and integrated approach, and how best to create a strategy that addresses resilience across every operational level.
Corporations facing challenges as decarbonization, infrastructure modernization, digital transformation, technology innovation, rapidly evolving markets, and more sophisticated cyber capabilities must balance both the opportunities to evolve their business with risks present from increased potential vulnerabilities. Combined, they drastically increase the possible threat vectors.
"Infrastructure resilience is an ongoing journey, not a static end state. Leaders need to evaluate their risk tolerance in planning, monitoring, and adapting their resilience strategies," said Hector Artze, partner at Guidehouse. "Resilience is no longer a niche topic for business continuity specialists but at the top of leaders' action lists - and the time to act is now."
As noted in the report, infrastructure resilience should encompass a strategy that can account for the increasing variety of potential disruptions. Weathering these disruptions successfully will lead to more reliable and equitable access to goods and services, continuous operability, greater durability of service and supply chains, and a higher degree of adaptability in response to unpredictable changes. More robust resilience strategies can also aid rapid emergency response capabilities.
Resilience is a new corporate priority that must be embraced and integrated within an organization's operational and cultural DNA, according to the report. Guidehouse suggests that entities that are successful at building infrastructure resilience need seven basic building blocks: flexibility, commitment, innovation, preparedness, resourcefulness, teamwork, and connectedness.
"It's important to build resilience strategy into all of the systems, processes, and incentives that shape an organization's day-to-day operations," said Karen Wilson, partner at Guidehouse. "The resilience journey is not a straight path, but by investing in resilience planning now, embedding risk and resilience thinking into the organization, and working with partners with the expertise to apply risk-based approaches, it's possible to take those steps towards a robust, resilient future."
"Seamless collaboration among parties across interrelated infrastructure, closer alignment on priorities, and investments between public and private sectors will aid in keeping entire systems resilient as society faces down the myriad of challenges the 21st century presents," added Jan Vrins, partner and Energy, Sustainability, & Infrastructure segment leader at Guidehouse.
For more information, including case studies from organizations both public and private that have been successful at building infrastructure resilience, download Future-Proofed: Protecting Infrastructure in Uncertain Times.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 13,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
Media Contact:
Guidehouse
Cecile Fradkin
cfradkin@scprgroup.com
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https://www.kxii.com/prnewswire/2022/06/01/organizations-face-increased-complexity-building-infrastructure-resilience/
| 2022-06-01T15:27:29Z
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NEW YORK, June 15, 2022 /PRNewswire/ -- MediaVillage has introduced AvrioB2B, a business-to-business self-publishing and search solution for the advertising-supported media community.
AvrioB2B is a tech-enabled managed services (SaaS) platform for self-publishing and content discovery of thought leadership, business offerings and strategic insights. Expanding on the MediaVillage.com library of more than 20,000 original educational contributions, AvrioB2B empowers companies in the advertising business to share knowledge and assure it's discoverable through MeetingPrep.com, an AI powered content recommendation engine. MeetingPrep.com provides a smart search interface for the B2B buyer that enables them to filter content that matches their specific requirements.
Jack Myers, founder of MediaVillage, envisioned the AvrioB2B solution more than a decade ago and has been implementing its components through the MediaVillage.com trade publishing platform with funding and support from more than 100 media companies, agencies, industry experts and trade associations including the Association of National Advertisers, American Association of Advertising Agencies and global advertising agency holding companies.
Myers commented: "Avrio is the Greek word for tomorrow. The B2B marketing industry is confronting multiple transformative shifts compounded by the rise of intermediaries and the inability to measure return-on-investment of B2B marketing. In the advertising-supported business, this is a problem for media sellers who are finding it hard to get their proposition heard as well as a missed opportunity for advertising buyers and brand marketers to develop a deeper and longer lasting relationship with the media channels. A solution has been needed to allow all participants in the B2B transaction to take back control and regain the value that has been lost. It's time for the marketing community to focus B2B investments on tomorrow's solutions, which is the mission and purpose of MediaVillage."
B2B purchasers in most major industrial sectors have been gradually distanced from the sellers of products and services by a range of intermediaries who streamline procurement on behalf of the budget holder. Compounding this shift is workforce upheaval and diversity goals that are increasing job training and professional development requirements and costs. B2B buyers are making purchasing decisions using inadequate knowledge, understanding and data. The role of B2B marketing needs to be transformed to empower B2B sellers to successfully communicate their value proposition to a new cohort of target buyers.
Myers points out, "Financial officers are keenly attuned to the economic implications and opportunities of changing B2B realities. Our research surfaced the growing difficulties and increased costs for both those who need to share professional knowledge and those who are seeking it. Empowering knowledge-seekers to access the right information at the right time reduces time and advances training and education in an efficient way."
AvrioB2B empowers sellers to reach their buyers with content and research that's more relevant and closely linked to buyer behavior and intention. Launched in 2020, MeetingPrep.com is the only AI-infused media and advertising industry-specific search engine, enabling B2B marketers, educators, media and advertising professionals, and job seekers to navigate optimized content using intelligent tagging and natural language processing.
AvrioB2B delivers simple and efficient self-publishing plus search access to the MediaVillage Knowledge Exchange. MediaVillage publishes an average 150 new earned and paid media editorial and educational contributions each month, which Myers projects will triple in 2023 with the introduction of AvrioB2B. Content is organized in more than 100 subject-matter and company-specific microsites, each branded with a unique URL. For corporate contributors, MediaVillage offers a suite of turn-key B2B services including a custom content studio for creation of earned and paid media, digital advertising and social media support, strategic market intelligence, event activation and diverse talent development. A commerce application is planned for MeetingPrep.com to enable MediaVillage content partners to limit access to and monetize password-protected content.
Myers adds, "There's an opportunity to extend the AvrioB2B SaaS platform into adjacent, connected markets such as retail media and experiential marketing. There's a much wider opportunity to license the AvrioB2B technology to trade publishing sites in other B2B markets that are being disintermediated by increased dependence on data, social media, procurement, and transactional commoditization." Target business categories include finance, health and wellness, travel, education, human resources, and entertainment.
Current market conditions, while challenging, are also opportune. Myers explains: "The pandemic, looming recession, and the emergence of the metaverse are forcing B2B marketers to rethink how they communicate. One of the positive outcomes of these challenging times is that many businesses, despite budget cuts, are valuing B2B marketing more and want their brand to emerge competitively stronger. MediaVillage and AvrioB2B have been created to support their goals with greater effectiveness and efficiencies."
For more information about MediaVillage and the new AvrioB2B self-publishing platform visit www.AboutMediaVillage.com and contact info@MediaVillage.com.
MediaVillage is an open B2B marketplace where media companies and subject matter experts share thought leadership, business offerings, strategic insights and resources for industry professionals, educators, and job seekers. Underpinned by AvrioB2B SaaS technology, MediaVillage KnowledgeExchange, AdvancingDiversity.org, MeetingPrep.com and The Myers Report enable industry professionals, educators, and job seekers to learn and grow. MediaVillage offers an integrated tech-enabled managed services approach to B2B marketing, collapsing many of the existing B2B siloes, empowering companies to reduce costs while increasing revenue-generation effectiveness. MediaVillage Knowledge Exchange hosts and manages dedicated destination B2B sites for more than 150 member companies and subject matter experts. In collaboration with our journalists and columnists, members contribute B2B educational resources, market intelligence, content marketing and diverse talent development resources. AdvancingDiversity.org amplifies diversity and professional development initiatives for companies and organizations. MeetingPrep.com underpins the MediaVillage platform as the only AI-infused media and advertising industry-specific content recommendation engine, optimizing MediaVillage content using intelligent tagging and natural language processing. The Myers Report provides market insights, economic forecasts, trend analysis and future-focused counsel that has guided strategic decision-making for more than four decades. Become a MediaVillage subscriber here FREE and learn more about us at www.AboutMediaVillage.com. Follow @mediavillagecom @advdiversity @jackmyersbiz
Jack Myers is founder of MediaVillage, AdvancingDiversity.org and The Myers Report. He's the nation's leading media ecologist, having dedicated his career to studying and advancing the media business. His five decades of behind-the-scenes work with brands, agencies, content publishers, studios, emerging tech companies, non-profit organizations and educational institutions has made Myers one of the most influential leaders in the history of the media and advertising business. Through his research on technological and generational trends, Myers anticipated the industry's need to invest in and train a new workforce, leading to his founding of MediaVillage and AdvancingDiversity.org. Today more than 100 content partners in the MediaVillage Knowledge Exchange connect with thousands of professionals, educators, students, and job seekers who subscribe to free daily MediaVillage reports and rely on MediaVillage.com for meeting preparation and professional development.
AvrioB2B is MediaVillage's turn-key tech-enabled managed services platform, integrating innovative B2B marketing and publishing applications developed and proven over the past decade. MeetingPrep.com, an AI-infused industry specific search and content recommendation engine, underpins the AvrioB2B content marketing, education, and professional development platforms.
CONTACT: Diane Stefani, diane@mediavillage.com
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https://www.mysuncoast.com/prnewswire/2022/06/15/mediavillage-introduces-avriob2b-self-publishing-search-platform-advertising-supported-companies/
| 2022-06-15T15:29:24Z
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WARSAW, Ind., May 17, 2022 /PRNewswire/ -- Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH), a global medical technology leader, today announced that its Board of Directors has approved the payment of a quarterly cash dividend to stockholders for the second quarter of 2022. The cash dividend of $0.24 per share is payable on or about July 29, 2022 to stockholders of record as of the close of business on June 27, 2022.
About the Company
Zimmer Biomet is a global medical technology leader with a comprehensive portfolio designed to maximize mobility and improve health. We seamlessly transform the patient experience through our innovative products and suite of integrated digital and robotic technologies that leverage data, data analytics and artificial intelligence.
With 90+ years of trusted leadership and proven expertise, Zimmer Biomet is positioned to deliver the highest quality solutions to patients and providers. Our legacy continues to come to life today through our progressive culture of evolution and innovation.
For more information about our product portfolio, our operations in 25+ countries and sales in 100+ countries or about joining our team, visit www.zimmerbiomet.com or follow Zimmer Biomet on Twitter at www.twitter.com/zimmerbiomet.
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https://www.wibw.com/prnewswire/2022/05/17/zimmer-biomet-announces-quarterly-dividend-second-quarter-2022/
| 2022-05-17T12:09:36Z
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LOMBARD, Ill., June 21, 2022 /PRNewswire/ -- The 2022 State of Logistics Report was unveiled today at the National Press Club in Washington, D.C., with the 33rd annual publication finding that U.S.-based supply chains are out of sync, while adjusting to short-term changes and perhaps uncovering long-term solutions. It is produced annually for the Council of Supply Chain Management Professionals (CSCMP) by global consulting firm Kearney and presented by Penske Logistics.
The publication delivers a snapshot of the American economy through the lens of the logistics sector and its role in overall supply chains. The report is a rigorous compilation of leading logistics intelligence from around the world and shines a spotlight on industry trends and key insights on ever evolving supply chains across a number of sectors.
A key statistic that the report generates is the United States business logistics costs, or USBLC. In 2021, USBLC was elevated by 22.4% to $1.85 trillion, representing 8% of 2021's $23 trillion GDP.
Here are some major report findings:
- Business inventories dropped to near historic lows, but the costs associated with storing, handling and finance these items rose considerably. Inventory-carrying costs rose by 25.9% in 2021, and transportation costs jumped 21.7%. This led to uneven supply chains and inconsistent product availability for consumers (both in-person and online).
- Efforts to increase multi-shoring are expected to accelerate. Companies are seeking to have operations move closer to the U.S., to respond quicker to fluctuating market demands.
- Last year's report noted the effects of the pandemic on the supply chain. The residual challenges of the pandemic remain, with some disruptions continuing to deliver damaging effects on capacity.
- Last-mile delivery volume is trending upward. The 2022 report notes that e-commerce sales grew 10% last year (to $871 billion), accounting for 14% of U.S. retail sales.
- Trucking freight continues to see more volume and opportunities. With road freight accounting for the largest segment of the U.S. supply chain spend, it expanded by 23.4%, to a lofty $831 billion spend.
Mark Baxa, CSCMP president & CEO: "This year's State of Logistics' report is simply an outstanding and valuable asset to any supply chain organization. Competing in today's global marketplace is not just about the high-quality products supply chains plan, procure, make and deliver. It's also about impacting the global community and doing vital work like making and delivering life-saving vaccines. In the 33rd year of this remarkable report, our readers will not only be in the best position to benchmark their own supply chain progress but to refine their approach, leading to better results. With supply chain making up the clear majority of most company's operations and that of its workforce, it has the greatest potential to make a real impact on its competitive advantage. I wish to thank our collaborative research and author partner Kearney, IHS Market, Penske Logistics and the CSCMP staff for all of their contributions."
Balika Sonthalia, partner at Kearney and lead author of the report, noted: "It's not surprising that we are continuing to see ongoing disruptions related to the pandemic, but the scope and impact of disruptions continue to weigh heavily on the minds of logistics providers – as they do for all companies contributing to the U.S. economy. What is notable for 2021, however, is that the logistics sector has begun to enable changes which should benefit manufacturers, retailers and consumers alike. We're especially heartened by the progress the sector has made in rebuilding supply chain resilience via multi-shoring, automation and optionality in last-mile distribution. This will also improve customer service and bring efficiencies for all parties."
Andy Moses, senior vice president of sales and solutions, Penske Logistics: "We have seen an incredible amount of resiliency among private truck fleets and dedicated contract carriage truck fleets. Demand has been up sharply year-over-year and these fleets continue to manage the complexities they face in the trucking supply chain including headwinds caused by shortages of parts, equipment, drivers, and most recently rising fuel costs. The State of Logistics Report does an excellent job of accurately capturing these challenges across all modes of transportation."
As a global consulting partnership in more than 40 countries, our people make us who we are. We're individuals who take as much joy from those we work with as the work itself. Driven to be the difference between a big idea and making it happen, we help our clients break through. Learn more at Kearney.com [kearney.com].
Penske Logistics is a Penske Transportation Solutions company with operations in North America, South America, Europe and Asia. Penske Logistics provides supply chain management and logistics services to leading companies around the world. Penske Logistics delivers value through its design, planning and execution in transportation, warehousing and freight management. Visit www.penskelogistics.com to learn more.
Since 1963, the Council of Supply Chain Management Professionals (CSCMP) [cscmp.org] been the preeminent worldwide professional association dedicated to the advancement and dissemination of research and knowledge on the supply chain management. With CSCMP members located around the world representing nearly all industry sectors, government, and academia, CSCMP member receive unparalleled networking opportunities, cutting-edge research, and online and on-site professional educational opportunities. To learn more, visit cscmp.org [cscmp.org] or follow CSCMP on social media: Twitter [twitter.com], Facebook [facebook.com], LinkedIn [linkedin.com] and YouTube [youtube.com].
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SOURCE Penske Logistics
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https://www.kxii.com/prnewswire/2022/06/21/cscmp-2022-state-logistics-report-indicates-that-supply-chains-are-seeking-get-back-sync-amidst-rising-costs/
| 2022-06-21T13:53:58Z
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TROY, Ala., June 30, 2022 /PRNewswire/ -- Anyone looking to build their leadership skills will be able to do so for free beginning July 11 when Troy University's College of Education and the Institute for Civic and Global Leadership will once again collaborate to provide a free, online leadership course.
The "Effective Leadership for a Fast-Changing World" course focuses on various aspects of leadership. It will explore personal development, leadership style, action, cultural diversity and events, all through the lens of effective leadership. The four-week course, July 11 through Aug. 8, is self-paced and will include videos, brief readings and connection opportunities through discussion forums. In the Leadership 101 course, students will learn how to lead themselves, engage with and work with people, and thrive in an uncertain and fast-changing world.
The course will be taught by world-class faculty who are experts in shaping our leaders of today led by Dr. Clifford Humphrey, Director of the Institute for Civic and Global Leadership.
"TROY is well known for developing leaders, and we are excited to offer such a high-level, quality introduction to leadership course for free this summer," said Dr. Clifford Humphrey. "Students will walk away with the tools they need to be successful leaders now and in the future. We hope they also consider continuing their leadership education after taking this course either on campus or online."
Students participating in the course will follow the course outline listed below:
- Week 1: Understanding Leadership
- Week 2: Understanding Yourself
- Week 3: Understanding Others
- Week 4: Understanding How to Lead and Thrive
Anyone can participate, including high school students, in this free leadership course. Students do not have to be enrolled in TROY to participate. In addition, all course materials are free and there are no textbooks required. Those taking the course can receive three college credit hours by taking a challenge exam at the end of the course. To register, visit www.troy.edu/freecourse.
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https://www.wibw.com/prnewswire/2022/06/30/learn-effective-leadership-skills-fast-changing-world-this-summer-troy/
| 2022-06-30T18:37:59Z
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Blockchain gaming platform provides more options and accessibility for users with new chain
LOS ANGELES, Aug. 9, 2022 /PRNewswire/ -- Com2uS, master service provider of C2X and a South Korea based public company that develops and publishes video games for mobile devices, today announced the launch of its new chain, XPLA mainnet for C2X users.
Based on community needs and fulfillment the former governance token of C2X will be upgraded to XPLA, the governance token of the XPLA mainnet. The development is led by Delight and ZenaAD and is Tendermint-based using the COSMOS SDK with extensive optimization work through rounds of testing. The Genesis validators are composed of nine validators with more coming in the future.
"Once launched we will be putting EVM capability as a top priority to our chain allowing us to onboard a variety of services beyond games," said Manager of Business Development, Brian Choi. "We will be introducing a new wallet along with other essential services such as the - Explorer. Focusing on a more convenient UX provides more accessibility for a larger geographical pool of users," he added.
The establishment of XPLA is based on the encouragement for users to "Explore and Play." XPLA will continue to carry the value C2X holds, bridging Web2 to Web3 services.
C2X is also making changes to its platform, publishing not only games but arts, music and a variety of Dapps based on community-driven decisions, ultimately benefiting all users.
"We are passionate and focused on a game-centric environment for those interested in transitioning to the world of Web3. We aimed to open up a world of limitless possibilities for those in the space," continued Choi.
For more information, please visit: https://c2x.world or https://xpla.io
About C2X
C2X was developed with the purpose of establishing a standard for the blockchain game industry that will continuously advance in the future. The C2X platform provides an end-to-end solution for blockchain games including token economics, NFT marketplaces and Wallet.
The platform's highly scalable design allows users to easily manage all digital assets that are linked to the platform, and its governance token publicizes all service decisions and operations of the games built on the ecosystem. It is an ecosystem of virtuous cycles where all users and creators are privileged on the basis of a high standard of stability, fairness and transparency, and thus intended to present a sound direction for current blockchain gaming platforms.
MEDIA CONTACT:
Shannon Blood
M Group Strategic Communications (C2X)
+1 917 765 1442
C2Xpr@mgroupsc.com
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SOURCE C2X
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https://www.mysuncoast.com/prnewswire/2022/08/09/c2x-com2us-announce-xpla-mainnet-launch/
| 2022-08-09T22:43:09Z
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I would like to make sure all (federal, state and local) tax dollars are spent wisely and every taxpayer gets the most value for dollar spent.
The proposed Lake to Lake Road Alternative “A,” (a farm to market road through River Place subdivision) seems to be the most expensive and disruptive of all the considered plans. The cost when finally analyzed, due to the anticipated nonparticipation in right-of-way and utility relocation by Belton (and I suspect Bell County) make this alternative DOA. The cost per square foot during right-of-way acquisition and likely condemnation process is going to be astronomical.
I’m interested if in TxDOT history there has been a Farm to Market road extension that plows through a high-dollar 40-year-old subdivision to connect to another Farm to Market road. I doubt it.
In Alternative “E,” the city of Belton over the last 20 years spent $1.7 million in acquiring of right-of-way as a part of its master thoroughfare plan, coordinated with TxDOT, Killeen-Temple Metropolitan Planning Organization and Central Texas Council of Governments. The right-of-way today, I suspect, would be worth $10 million. The city’s plan was to donate that land to the state for the Lake to Lake roadway plan if it was adopted.
In effect the state (TxDOT) turned down a $10 million gift, favoring among its alternatives the highest cost alternative. Please review the elected officials who have, in interest of conservative spending, spoken against the current plan of the extension of Loop 121 to FM 317, Alternative A. Federal, state and local as well as many homeowners have and will be opposed to a plan that in the long run is very disruptive, expensive and unworkable.
Bill Holmes
Belton
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https://www.tdtnews.com/news/letters_to_the_editor/article_f25ae182-ca72-11ec-9bef-7735eb6d51a3.html
| 2022-05-03T11:13:18Z
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ASHBURN, Va., June 7, 2022 /PRNewswire/ -- Abich Financial Services, Inc., announced the launch of their new website and updated company brand. This milestone is an exciting move for the award-winning, Best in Loudoun County financial planning firm in its mission to help better prepare their clients for a successful and long-lasting retirement. Abich Financial Services Inc. seeks to empower their clients with financial education that helps make complex issues simple and allows them to make sound financial decisions.
"We just rebranded with a new logo, colors, and website because we felt it better reflected who we are when you meet with us. We are not your typical, traditional retirement planning firm; our approach is friendly, uplifting, and, dare we say, fun," says Shelly Abich, Co-Owner and Chief Experience Officer at Abich Financial Services, Inc.
"We continue to pursue our company vision, which is to create a better everyday life for everyone in our reach by taking away financial stress and endlessly pursuing financial freedom," says Abe Abich, Founder and CEO at Abich Financial Services, Inc.
To learn more about Abich Financial Services, Inc.'s new website and company brand, visit www.abichfinancial.com
About Abich Financial Services: Abich Financial Services is an award-winning fiduciary retirement planning firm serving those age 55+ with a Phase 2 retirement income plan. They focus on clients transitioning from their working careers into retirement and design plans to help protect them from the risks that can destroy a great savings and accumulation plan.
Logos and trademarks are the property of their respective owners, and no endorsement by those owners or the consultant is stated, or implied Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurance company. The generalized information we provide regarding tax minimization planning is not intended to, and cannot, be used by anyone to avoid paying federal, state, or local municipality taxes or penalties. You should seek advice based on your circumstances from an independent tax advisor, as tax laws are subject to interpretation and legislative change and are unique to every specific taxpayer's particular set of facts and circumstances. Tax and/or legal advice is not offered by Abich Financial Services. Please consult with your tax professional or legal advisor for further guidance on tax or legal matters.
Investment advisory services offered through Abich Financial Wealth Management, LLC a registered investment adviser firm. Insurance and annuities offered through Abich Financial Services. VA Insurance License #127820
Investment adviser services offered through Impact Partnership Wealth, LLC (IPW), a registered investment adviser. Insurance and annuities offered through Patrick Volk, VA Insurance License #1073793. Insurance and annuities offered through Abich Financial Services. VA Insurance License #127820. Please be advised that the securities advice offered, securities transactions conducted and assets under management services rendered by Abich Financial Services:
Abe Abich
Abich Financial Services Inc.
(571) 577-9968
info@abichfinancial.com
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https://www.wibw.com/prnewswire/2022/06/07/best-loudoun-county-financial-planning-firm-abich-financial-launches-rebrand-website-better-serve-community/
| 2022-06-07T14:05:33Z
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BRESCIA, Italy , June 13, 2022 /PRNewswire/ -- For the second year in a row, the 1000 Miglia restarts its engines as summer approaches. From Wednesday, June 15 to Saturday, June 18, 425 extraordinary cars will revive the myth of the Red Arrow on the roads of Italy, crossing some 250 municipalities for nearly 2,000 kilometers in four days.
The 1000 Miglia 2022 will return to travel clockwise across Italy, starting and finishing in Brescia after legs in Cervia-Milano Marittima, Rome and Parma.
On Wednesday, June 15, crews will leave Brescia in the direction of Lake Garda before heading south and descending to the Adriatic Sea. Dinner during the race in the Teatro Comunale in Ferrara and conclusion of the leg in Cervia-Milano Marittima.
On Thursday, June 16, the cars will climb the hairpin bends leading to San Marino, descend to Urbino continuing to Rome, arriving with the parade in Via Veneto.
On Friday, June 17, the Race will cross four regions-Lazio, Tuscany, with a stop for lunch in Piazza del Campo in Siena, then Liguria and Emilia Romagna ending in Parma.
On Saturday 18, the Race will pass through the Autodromo di Monza and Bergamo and conclude in Brescia.
On the sporting side, eyes are on the defending champion, Andrea Vesco, triumphant in 2020 and 2021.
ROUTE
- Nearly 2,000 km
- 257 locations
- 115 Time Trials
- 17 Time Controls
- 8 Average Trials
1000 MIGLIA CARS
- 425 cars
- 71 cars took part in the historic 1000 Miglia 1927-57
- The first 10 starting cars will be "665 SUPERBA" OM (winner car of the 1927 1000 Miglia)
- Two examples of ALFA 8c 2003 return to Brescia after participating in the 1932 1000 Miglia
- 9 examples of OSCA (7 of these participated in 1000 Miglia 1927-57) will leave grouped together to celebrate the 75th anniversary of the House
- 19 Ferrari and 6 Maserati racing cars
- Most represented automaker: Alfa Romeo with 50 cars
- 1000 MIGLIA GREEN (full electric) CARS.
8 cars
- AUTO FERRARI TRIBUTE 1000 MIGLIA (Modern Ferrari)
111 cars
- AUTO 1000 MIGLIA EXPERIENCE (Supercar)
12 cars
NATIONS
- 29 Nations
- 324 participants from Italy, 133 from the Netherlands, 70 from the U.S., 66 from Germany
Photo - https://mma.prnewswire.com/media/1838537/Mille_Miglia_Car.jpg
PDF - https://mma.prnewswire.com/media/1838536/1000_MIGLIA_2022.pdf
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SOURCE Mille Miglia
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https://www.kxii.com/prnewswire/2022/06/13/1000-miglia-2022-wednesday-june-15-saturday-june-18-most-beautiful-race-world-returns/
| 2022-06-13T18:29:42Z
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Thousands of veterans and their family members were exposed to contaminated water at U.S. Marine Corps Base Camp Lejeune for more than 30 years.
JACKSONVILLE, N.C., Aug. 3, 2022 /PRNewswire/ -- The North Carolina personal injury law firm of Riddle & Brantley, LLP is actively investigating claims related to water contamination at U.S. Marine Corps Base Camp Lejeune. By some estimates, water contamination at the military base exposed more than one million people to toxic chemicals that have been linked to various types of cancer, Parkinson's disease, fertility problems, kidney disease, and other health conditions.
Between 1953 and 1987, water distributed at Camp Lejeune was contaminated with dangerously high levels of volatile compounds, including trichloroethylene (TCE), benzene, vinyl chloride, and perchloroethylene. In that time, hundreds of thousands of veterans, their family members, and civilian contractors were exposed to carcinogenic and otherwise dangerous chemicals.
The government ignored these claims for decades, but new legislation — the Camp Lejeune Justice Act (part of the recently passed PACT Act) — allows victims who developed cancer and other illnesses to file claims directly against the federal government. Affected persons who lived or worked at Camp Lejeune for a minimum of 30 days between August 1, 1953, and December 31, 1987, will be eligible to file claims for qualifying cancers and other diseases potentially caused by the water contamination on base.
The Camp Lejeune Justice Act removes previous legal technicalities, specifically North Carolina's statute of repose, which barred claimants from pursuing claims against the government despite evidence of contamination-related illnesses.
Claims must be filed in the Eastern District of North Carolina. Riddle & Brantley's Jacksonville, NC office is just minutes from U.S Marine Corps Base Camp Lejeune. The firm has filed lawsuits in the Eastern District for nearly four decades.
"It's an honor to fight for those who served and sacrificed for us," said Gene Riddle, managing partner at Riddle & Brantley. "Victims of the contaminated water at Camp Lejeune deserve justice, and we are ready to help our veterans, their families, and civilian workers however we can."
Riddle & Brantley is a leading North Carolina law firm. Our attorneys and staff have close ties to the military and are currently handling Camp Lejeune claims on behalf of veterans, families, and military contractors. Free consultations are available by calling 1-800-525-7111 or visiting the firm's website.
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https://www.wibw.com/prnewswire/2022/08/03/riddle-amp-brantley-investigating-water-contamination-claims-related-us-marine-corps-base-camp-lejeune/
| 2022-08-03T19:01:23Z
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Company surpasses goal of 1 GW in first year post-RTO
TORONTO, June 1, 2022 /PRNewswire/ - Westbridge Energy Corporation (TSXV: WEB) (OTCQB: WEGYF) (FRA: PUQ3) ("Westbridge" or the "Company") is pleased to announce the addition of the Dolcy Solar and Battery Storage Project ("the Dolcy Project"), located in the Municipality of Provost, in east-central Alberta, Canada, to its portfolio. The Project is targeting a total capacity of 250MWac solar photovoltaic and 100MW of Battery Energy Storage System ("BESS").
Stefano Romanin, CEO, commented, "With the addition of Dolcy to our portfolio, we now control four utility-scale solar PV development projects totalling 985 MW, and 300 MW of battery storage capacity for a total of 1,285 MW. This project complements our robust portfolio in Alberta, where we continue to see significant opportunities for origination and acquisitions, particularly as we progress the Georgetown solar project. The Dolcy Project confirms our ability to originate greenfield projects and allows the Company to surpass our 1GW target before the anticipated milestone of 12 months after RTO."
The Dolcy Project has secured site control in the form of a long-term solar lease covering approximately 1,025 acres with private landowners. It is currently in Stage 1 of the Alberta Electric System Operator (the "AESO") interconnection process, with environmental studies underway in accordance with Alberta Environment and Parks guidelines.
The Company's origination team continues to evaluate multiple solar and battery storage development projects to further scale and strengthen its portfolio, with a vision of maximizing the return on renewable energy assets through accretive project monetization and retention of royalties. This approach is expected to enhance long-term cashflow and build long-term shareholder value. The current portfolio of projects is listed below.
Westbridge Energy Corporation develops best-in-class solar PV projects. The Company plans to deliver attractive, long-term returns by originating, executing, and developing an international portfolio of renewable assets for investors and utilities. Management has a strong track-record with 40+ projects developed worldwide, obtaining, and executing permits on time and within budget. As one of the very few listed pure-play Canadian solar development companies, Westbridge provides its investors with valuable access to greenfield solar projects. This means the Company can invest at the earliest stage of solar energy development benefiting from the full value chain as well as the expected wider adoption of renewable energy going forward. Westbridge brings together regulators, corporate buyers, and landowners with the goal of delivering clean, sustainable electricity to end users.
On behalf of the Board of Directors,
Scott M. Kelly
Executive Chair & Director
Westbridge Energy Corporation
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain information set forth in this document contains forward-looking information and statements including, without limitation, management's business strategy, management's assessment of future plans and operations. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future. Forward-looking statements or information typically contain statements with words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", "project", "potential" or similar words suggesting future outcomes or statements regarding future performance and outlook. Readers are cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company.
This news release contains forward-looking statements about the Dolcy Project, the expansion of the Company's solar PV portfolio, if at all, the need to obtain additional financing to develop the Company's solar PV projects, the uncertainty of meeting anticipated program milestones for the Company's solar PV projects and anticipated steps, timing and costs thereof, exits of projects, if any, the Company's objectives and strategies, the ability of the Company to achieve its goals, each of which are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include general business, economic, competitive, regulatory, policy and social uncertainties, and availability of permits and financing upon terms acceptable to the Company or at all. Applicable risks and uncertainties include, but are not limited to regulatory risks, risks related to the COVID-19 global pandemic, changes in laws, market risks, operating history, competition, and the other risks identified under the headings "Risk Factors" in the Company's management's discussion and analysis dated March 29, 2022 and other disclosure documents available on the Company's profile on SEDAR at www.sedar.com.The forward-looking statements contained in this press release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.
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https://www.wibw.com/prnewswire/2022/06/01/westbridge-announces-origination-250-mw-dolcy-solar-pv-project-100-mw-battery-storage-system-alberta/
| 2022-06-01T11:23:43Z
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More storms forecast for flood-ravaged eastern Kentucky
FRANKFORT, Ky. (AP) — The National Weather Service extended a flood watch through Sunday evening for areas of eastern Kentucky ravaged by high water more than a week ago and said there’s a threat of thunderstorms in the region for much of the coming week.
There’s a “persistent threat of thunderstorms” through Thursday that could produce heavy rain and cause flash flooding “especially if multiple storms pass over the same area,” the weather service in Jackson said.
The forecast includes Monday, when President Joe Biden and first lady Jill Biden are scheduled to join Kentucky Gov. Andy Beshear and his wife, Britainy, at a Federal Emergency Management Agency State Disaster Recovery Center in eastern Kentucky to survey the damage and meet with those affected.
The biggest concern is the possibility of slow-moving storms on Tuesday and Wednesday, which could dump heavy rain on already saturated soil, National Weather Service meteorologist Philomon Geertson said.
“It is a wet and juicy pattern that could cause at least some more isolated to scattered instances of flash flooding and further complicate the recovery efforts that are ongoing at this time,” he said.
Some relief is expected toward the end of the week, Geertson said.
“It does look like high pressure will finally build in and we’ll get a reprieve from this really wet and muggy air mass that we’ve been dealing with for a couple of weeks now,” he said.
Meanwhile, the federal government on Saturday promised more aid for flood-ravaged eastern Kentucky. Biden authorized an increase in the level of federal funding for emergency work and FEMA added five counties to those eligible for individual assistance for a total of 12.
“This is good news and will be a big help,” Beshear said in a tweet Sunday after visiting the day before with some displaced residents who are staying at state parks since the catastrophic flooding.
“These Kentuckians have been through the unimaginable. My priority is being there for them,” he said.
At least 37 people lost their lives in the flooding after 8 to 10 1/2 inches (20 to 27 centimeters) of rain fell in just 48 hours in the Appalachian mountain region. The flooding also hit areas just across the state line in Virginia and West Virginia.
The National Weather Service said radar-based rainfall estimates suggesting that 14 to 16 inches of rain fell from July 26-29, totals that are “historically unheard of.”
More than 1,300 people were rescued in the days after the storm as teams searched in boats and combed debris-clogged creekbanks. Work crews were still trying to restore power and water connections as residents look to repair their homes and lives after the floods.
Power outages were down to 300 on Sunday, Beshear tweeted. The number of fatalities stood at 37, but Kentucky State Police reported at least two people were still missing.
“The devastation is enormous. We will be there for our Eastern Kentucky neighbors in the weeks, months and years ahead,” Beshear said.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.wibw.com/2022/08/07/more-storms-forecast-flood-ravaged-eastern-kentucky/
| 2022-08-07T20:53:00Z
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The following is an open letter from Joe Erlinger, President of McDonald's USA
CHICAGO, Aug. 31, 2022 /PRNewswire/ -- As President of McDonald's USA, it may come as a surprise to hear that I support raising minimum wages for workers. In fact, I welcome legislation that increases wages for all workers.
I also welcome a dialogue on legislation requiring mandatory training around safe, inclusive and respectful workplaces – something already underway at every McDonald's worldwide.
When done thoughtfully, fairly and applied across an even playing field, this kind of legislation can be highly effective.
But California's state legislators have just passed a bill called AB 257, which is now flying to Governor Newsom's desk, and will do the exact opposite.
Its proponents say their bill should be a model for other states (and special interest groups are directing money to make this a reality). This should raise alarm bells across the country.
That's because California's approach targets some workplaces and not others. It imposes higher costs on one type of restaurant, while sparing another. That's true even if those two restaurants have the same revenues and the same number of employees.
Let me explain how. If you are a small business owner running two restaurants that are part of a national chain, like McDonald's, you can be targeted by the bill. But if you own 20 restaurants that are not part of a large chain, the bill does not apply to you. For unexplainable reasons, brands with fewer than 100 locations are excluded. Even more mystifying, the legislation excludes certain restaurants that bake bread. I can only conclude this is the outcome of backroom politicking.
This is a clear example of picking "winners" and "losers," which is not the appropriate role of government.
Putting aside so many problems with the bill, it could require single-location franchise owners of these large chain restaurants to pay workers $22 per hour by as early as 2023—40% more than the current hourly wage in California.
Aggressive wage increases are not bad. McDonald's, for instance, operates very successfully in high wage environments across the country and around the world, and in places that require more than $22 in all restaurants.
But if it's essential to increase restaurant workers' wages and protect their welfare – and it is – shouldn't all restaurant workers benefit?
This lopsided, hypocritical and ill-considered legislation hurts everyone. Many economists who have studied this issue agree this bill is problematic, as has the state's own Department of Finance.1
Economists say it could drive up the cost of eating at a quick service restaurant in California by 20% at a time when Americans already face soaring costs in supermarkets and at gas pumps.
California is my birth state and it's hard to watch it earn its reputation for driving businesses out of the state.
But this isn't just a cautionary tale for California's customers, workers, and business owners. Proponents of this bill have made it clear they want to see it expand across the country, regardless of whether Governor Newsom signs the bill into law. That would be terrible.
They are also encouraging voters everywhere to ask their lawmakers to adopt California's counterproductive model in their own states.
Rather than asking for what many have decried as the "California Food Tax," those who count on a thriving restaurant industry—workers, owners and customers— should be asking lawmakers to only consider legislation that benefits all.
Once again, California is not leading the way. We should all demand better and I welcome a productive dialogue with elected leaders across the country.
Joe Erlinger President, McDonald's USA
1 https://esd.dof.ca.gov/LegAnalysis/getPdf/066D8BA5-C012-ED11-913B-00505685B5D1
About McDonald's USA
McDonald's USA, LLC, serves a variety of menu options made with quality ingredients to millions of customers every day. Ninety-five percent of McDonald's approximately 13,500 U.S. restaurants are owned and operated by independent business owners. For more information, visit www.mcdonalds.com, or follow us on Twitter @McDonalds and on Facebook at www.facebook.com/mcdonalds.
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https://www.wibw.com/prnewswire/2022/08/31/elected-leaders-could-help-all-restaurant-workers-by-learning-californias-mistakes/
| 2022-08-31T10:17:27Z
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YINCHUAN, China, May 16, 2022 /PRNewswire/ -- 2022 International Trade Fair for Wines and Spirits, namely Prowein, kicked off on May 15 in Dusseldorf, Germany. Thirty-six wineries from Ningxia Helan Mountain's East Foothill Wine Region, China's biggest concentrated wine grape plantation area, take part in the exhibition. On the opening ceremony, Ningxia Helan Mountain's East Foothill Wine Region was awarded the prize of Emerging Sustainable Wine Region and ten wines awarded Best Wine and Sustainable wine respectively.
Ningxia participates in the event online with its display booth established in convention and exhibition center in Dusseldorf and a conference room in Yinchuan, capital city of Ningxia. Ningxia presents its charming customs and flavors and showcases the development of its wine industry through live footage from the two sites.
Ningxia Helan Mountain's East Foothill Wine Region is located between 37 and 39 degrees North Latitude and is thus internationally recognized as one of the world's "golden belt" for planting grapes. In terms of natural endowment, the area enjoys abundant sunshine, has little annual rainfall, registers big differences in temperatures in different seasons, and maintains low air humidity, which make the nectarous Ningxia wines have the typical oriental style with the sweet, supple and balanced mouthfeel.
Over the past few years, Ningxia has taken advantage of its unique natural conditions, emulated and followed the good examples of other major vineyards across the world, learning good and updated world wine producing models and building up a base of top quality vineyards. A constellation of large and small-and-medium-sized vineyards here are forging increasingly popular brands, experiencing a full momentum of consolidating a major wine industry.
Up to now, Ningxia has 550,000 mu (366,850 square kilometers) of vineyards and has 101 wineries, producing 130 million bottles of wine each year. The Ningxia wines have won over 1,000 international prizes, over 60 percent of all the prizes ever won by Chinese wineries.
In 2013, J. Robinson, world's guru for wine tasting, introduced Ningxia wines into "World Wine Map", while the Region won the prestige of one of the world's top 10 wine tourism destinations in an evaluation by an international institution of experts. In 2021, the Ningxia wine became one of Sino-Europe cooperation's geographical symbols. In the same year, Chinese government approved Ningxia to build the National Open Development Comprehensive Pilot Zone for Grape and Wine Industry, the first of its kind in China, which means Ningxia entering the country's national development strategical planning.
As one of the most prestigious international trade fair for wines & spirits, 2022 ProWein has attracted over 60 countries and regions with 5,500 participants to join. Through the event, Ningxia aims to enhance with other major wine-producing countries and wine organizations the communication and operation on variety, technology, education, talents, etc., increase international popularity of the region and open wider global markets for the wines.
Image Attachments Links:
Link: http://asianetnews.net/view-attachment?attach-id=421251
Caption: NW China's Ningxia Wines shine at 2022 ProWein
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SOURCE Ningxia Helan Mountain's East Foothill Wine Region
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https://www.kxii.com/prnewswire/2022/05/16/nw-chinas-ningxia-wines-shine-2022-prowein/
| 2022-05-16T08:46:26Z
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The 378-Guest Viking Octantis Becomes the Most Modern Vessel to Sail in the Region
LOS ANGELES, May 26, 2022 /PRNewswire/ -- Viking® (www.viking.com) continues to mark new milestones for its expedition voyages, as the new purpose-built Viking Octantis® kicks off its inaugural season in the Great Lakes. Designed specifically to reach the Great Lakes region, the Viking Octantis recently completed a roundtrip through the Welland Canal—a key section of the St. Lawrence Seaway connecting Lake Ontario and Lake Erie—making it the largest passenger vessel ever to transit the canal. The ship will remain in the Great Lakes until early October 2022, sailing a variety of itineraries between Toronto and Duluth. A second expedition vessel, the Viking Polaris®, will debut later this year and will join the Viking Octantis in the Great Lakes for the 2023 season.
"Our expedition ships were designed with the Great Lakes in mind. This region has been historically underserved by cruise lines, and we are delighted by the warm and enthusiastic reception we have received from the local communities," said Torstein Hagen, Chairman of Viking. "With our first season now underway, we are pleased with the strong demand among our guests and look forward to introducing even more curious travelers to these fantastic destinations in 2023."
Viking's arrival to the Great Lakes brings the newest and most modern vessels ever to explore this region of North America, as well as a significant commitment to local tourism and economic development for the states of Michigan, Minnesota, Wisconsin and Ohio (beginning in 2023) and the Canadian province of Ontario.
To help develop the scientific enrichment program for its Great Lakes voyages, Viking has partnered with the National Oceanic and Atmospheric Administration (NOAA) Great Lakes Environmental Research Laboratory (GLERL), which conducts innovative research on the dynamic environments and ecosystems of the Great Lakes and coastal regions to provide information for resource use and management decisions that lead to safe and sustainable ecosystems, ecosystem services, and human communities. Viking's expedition ships have also been designated official NOAA / U.S. National Weather Service weather balloon stations, from which regular launches are undertaken.
2022—2023 Great Lakes Voyages:
During Viking's inaugural 2022 season, the company is operating four new itineraries in the Great Lakes. Highlights include:
- Undiscovered Great Lakes (8 days; Thunder Bay to Milwaukee) – Cross the width of Lake Superior between Duluth and the Soo Locks, exploring the Apostle Islands and Keweenaw Peninsula along the way. Hike along clifftop trails for sweeping views of the lake. Gain insight into the unique features and ecosystems of remote wilderness islands, and admire Kakabeka Falls, the "Niagara of the North." Discover sea caves by kayak and step back in time as you stroll the quaint, car-free streets of Mackinac Island.
- Great Lakes Explorer (8 days; Milwaukee to Thunder Bay) – Discover the maze of granite islands that comprise Georgian Bay Biosphere Reserve while hiking and kayaking through its tranquil beauty and admiring sweeping vistas. Experience Victorian charm on Mackinac Island and venture into the boreal forests of Sleeping Giant Provincial Park on Lake Superior's northern shore. Explore coastal wetlands replete with birdlife, comb pristine beaches and get acquainted with native cultures of the northern Great Lakes.
- Niagara & The Great Lakes (8 days; Toronto to Milwaukee) – From urban skylines to uninhabited islands, discover North America's wilderness alongside renowned cultural attractions while cruising the striking waterways of the Great Lakes. Immerse yourself in the lakes' compelling shipping history, experience the power of thundering Niagara Falls and keep watch for scores of migratory birds at Point Pelee. Led by a team of experts, explore sheltered bays and woodlands to uncover complex ecosystems and hidden treasures.
- Canadian Discovery (13 days; New York to Toronto) – Unleash your inner explorer in the remote wilds of eastern Canada. Discover this region's rich colonial past amid stunning natural settings. Admire the unparalleled beauty of the rugged coast of the Canadian Maritimes. Cruise along the wide expanse of the St. Lawrence River and marvel at the dramatic cliffs and wildlife of the Saguenay River Valley. Engaging shore excursions in each port allow you to better enjoy all this region has to offer.
In 2023, Viking will add a new, 15-day voyage:
- Great Lakes Collection (15 days; Toronto to Duluth) – Join Viking for a unique expedition across the historic waterways of all five of the majestic Great Lakes. Experience culture-rich urban centers and admire the awesome power of thundering Niagara Falls. Explore the granite islands and sheltered inlets of Georgian Bay and traverse the famous Soo Locks. Study the aquatic ecosystems of the lakes and venture into the dense boreal forests that line the shores of Lake Superior and Lake Michigan.
Viking Expedition Ships
The new Polar Class Viking Octantis and Viking Polaris host 378 guests in 189 staterooms. The vessels are purpose-built for expeditions, at an ideal size for safety and comfort in remote destinations. With more indoor and outdoor viewing areas than other expedition vessels, guests are as close as possible to the most magnificent scenery on earth. Highlights include:
- The Aula: A stunning panoramic auditorium inspired by the University of Oslo's famed ceremonial hall, the former venue for the Nobel Peace Prize ceremony. Used for lectures, daily briefings, documentaries and films, this spectacular venue features a 4k laser-projected screen that retracts to expose floor-to-ceiling windows and 270° views.
- Finse Terrace: An outdoor lounge area just above sea level with recessed, heated seating and lava rock "firepits," the Finse Terrace was designed to allow guests the comforts of the ship al fresco while enjoying the dramatic scenery. Named after the Finse Plateau in Norway, where some of the greatest polar explorers, including Nansen and Amundsen, did their expedition training in preparation for their North and South Pole expeditions.
- The Hangar: A state-of-the-art, industry-first in-ship marina providing ease of embarkation and disembarkation of Special Operations Boats and other equipment while sheltered from the elements.
- The Bow: An important forward-viewing platform. And in the case of inclement weather, The Shelter is a comfortable, partially enclosed space for guests to warm up with a hot drink before going back out into the elements.
- The Science Lab: Developed in partnership with the University of Cambridge and Akvaplan-Niva, The Science Lab, at 380 sq. ft., is designed to support a broad range of research activities and is equipped with wet and dry laboratory facilities. Guests have supervised access to The Science Lab to learn from and participate with scientists in undertaking meaningful research.
- Expedition Central: The hub for the expedition team to consult with guests on their expedition activities and share knowledge about the destinations on a one-on-one basis, with the aid of 3D printed maps, digital screens, and a state-of-the-art spatial data visualization chart table.
- Dining Choices: The Restaurant offers fine dining featuring regional cuisine and always-available classics; the casual World Café offers an open kitchen, bakery, grill and premium seafood and sushi choices, as well as a wide range of international flavors; Mamsen's, named for the Hagen family matriarch, serves Scandinavian-inspired fare; and Manfredi's offers the best of Italian cuisine.
- The Nordic Spa: Following a day of exploration, The Nordic Spa offers guests opportunities to experience the ultimate healthy Nordic traditions, with an indoor heated pool set against expansive windows and a badestamp (wood-sided hot tub) that is open to the outside.
- Explorers' Lounge: Located high on the ship with floor-to-ceiling windows, the Explorers' Lounge provides guests an ideal space to take in the magnificent scenery, share discoveries with fellow travelers or to enjoy a drink.
- The Living Room: On Viking Octantis and Viking Polaris, The Living Room is located to maximize views of the surroundings through floor-to-ceiling windows and a library that informs even the best-read explorers. The Library is curated by acclaimed London bookshop Heywood Hill, as on all Viking vessels, as well as Cambridge University's Scott Polar Research Institute.
- Nordic Balcony: A first for polar expedition vessels, all staterooms on board Viking's expedition ships feature a Nordic Balcony, a sunroom that converts into an al fresco viewing platform with an observation shelf at elbow level to stabilize binoculars or a camera. Guests can choose from six stateroom categories that range from 222 sq. ft. to 1,223 sq. ft.—all with a Nordic Balcony, as well as a king-size bed and large bathroom with spacious glass-enclosed shower, heated bathroom floor and anti-fog mirror. Every stateroom is also equipped with a unique floor-to-ceiling drying closet that circulates warm air to dry and store clothing and expedition gear.
- Expedition Ship Suites: Nordic Junior Suites (322 sq. ft.) and Explorer Suites (580 sq. ft.) on Viking Octantis and Viking Polaris are similar to those on Viking's fleet of ocean ships, with wood detailing and amenities that include additional storage and seating, an expanded bathroom with extended shower and double sinks, welcome champagne, a fully-stocked mini-bar replenished daily, complimentary laundry, priority restaurant reservations and more. Explorer Suites feature two separate rooms, a Nordic Balcony and a full outdoor veranda. Additionally, each ship features one Owner's Suite (1,223 sq. ft.) that has three rooms –a living room, a board/dining room and a bedroom—as well as a 792 sq. ft. private deck with a traditional Norwegian badestamp open to the invigorating outdoors.
- Enrichment On Board and On Shore: Viking has created the world's leading scientific enrichment environment in an expedition setting. Exclusive partnerships with the Scott Polar Research Institute at Cambridge University, The Cornell Lab of Ornithology and the National Oceanic and Atmospheric Administration (NOAA)—as well as other prestigious scientific institutions match leading researchers and educators with each expedition. Thirty-six experts accompany each journey as part of the Viking Expedition Team, including an Expedition Leader and support staff, photographer, field research scientists, general naturalists, mountain guides, kayak guides, submarine pilots and specialists (ornithology, geology, higher predator biology and history). On board, guests will enjoy daily briefings and world-class lectures about their destination. On shore, they can assist in fieldwork or interact through experiential activities during landings—such as monitoring birds to help identify migratory patterns; accompanying scientists to collect samples; or taking their cameras ashore alongside a professional photographer to learn how best to capture scenic landscapes.
- Environmentally Considerate: Viking's expedition ships have set a new standard for responsible travel with an energy-efficient design that exceeds the Energy Efficiency Design Index (EEDI) requirements by nearly 38%. In addition to an integrated bow that creates a longer waterline for the ships, engines with heat recovery systems and Azipod® Electric Propulsion, Viking Octantis and Viking Polaris have received one of the industry's first SILENT-E notations—the highest-level certification for quiet ship propulsion, minimizing underwater noise pollution.
Booking Details
From now through May 31, 2022, Viking is special fares and reduced airfare on Great Lakes voyages. Call Viking toll free at 1-855-8-VIKING (1-855-884-5464) or contact a travel agent for details.
About Viking
Viking was founded in 1997 and provides destination-focused journeys on rivers, oceans and lakes around the world. Designed for experienced travelers with interests in science, history, culture and cuisine, Chairman Torstein Hagen often says Viking offers guests The Thinking Person's Cruise® in contrast to mainstream cruises. With more than 250 awards to its name, Viking has been rated the #1 River Cruise Line and #1 Ocean Cruise Line by Condé Nast Traveler in the publication's 2021 Readers' Choice Awards. Viking has also been consistently rated the #1 ocean cruise line and one of the best river cruise lines in Travel + Leisure's "World's Best" Awards. For additional information, contact Viking at 1-800-2-VIKING (1-800-284-5464) or visit www.viking.com. For Viking's award-winning enrichment channel, visit www.viking.tv.
MEDIA CONTACT:
Edelman for Viking vikingpr@edelman.com
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https://www.mysuncoast.com/prnewswire/2022/05/26/viking-celebrates-start-inaugural-season-north-americas-great-lakes/
| 2022-05-26T16:34:26Z
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Event to be webcast online at: http://investors.sunpower.com/events.cfm
SAN JOSE, Calif., July 11, 2022 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR) will discuss its second quarter 2022 financial results on Tuesday, August 2 at 8:30 a.m. Eastern Time. The conference call can be accessed live by registering at https://register.vevent.com/register/BI8045a492c8dd47d6be8faf25537fcfbd.
The results are scheduled to be released at 8:05 a.m. ET. The live audio webcast and supplemental financial information will be available on SunPower's investor website at http://investors.sunpower.com/events.cfm.
About SunPower
SunPower is a leading solar and energy services provider in North America. SunPower offers the only solar + storage solution designed and warranted by one company that gives customers control over electricity consumption and resiliency during power outages while providing cost savings. For more information, visit www.sunpower.com.
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https://www.wibw.com/prnewswire/2022/07/11/sunpower-announce-second-quarter-2022-results-august-2-2022/
| 2022-07-11T20:44:35Z
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Court revives block of COVID-19 vaccine mandate for federal workers
NEW ORLEANS (AP) — In a reversal for President Joe Biden, a federal appeals court in New Orleans on Monday agreed to reconsider its own April ruling that allowed the administration to require federal employees to be vaccinated against COVID-19.
The new order from the 5th U.S. Circuit Court of Appeals in New Orleans vacates an earlier ruling by a three-judge panel that upheld the mandate. The new order means a block on the mandate imposed in January by a Texas-based federal judge remains in effect, while the full court’s 17 judges take up the appeal.
Biden had issued an order Sept. 9 requiring that more than 3.5 million federal executive branch workers undergo vaccination, with no option to get regularly tested instead, unless they secured approved medical or religious exemptions.
U.S. District Judge Jeffrey Brown, who was appointed to the District Court for the Southern District of Texas by then-President Donald Trump, issued a nationwide injunction against the requirement in January. At the time, the White House said 98% of federal workers were already vaccinated.
Brown’s ruling was followed by back-and-forth rulings at the 5th Circuit.
In February, a 5th Circuit panel refused to block Brown’s ruling pending appeal.
But after hearing arguments in March, a different panel ruled 2-1 that Brown did not have jurisdiction in the case. The panel said those challenging the requirement could have pursued administrative remedies under Civil Service law. Although the ruling was issued in April, it was not to officially take effect until May 31.
Judges Carl Stewart and James Dennis, who were nominated to the 5th Circuit by Democratic President Bill Clinton, were in the majority. Judge Rhesa Barksdale, a senior judge nominated by Republican President George H.W. Bush, dissented, saying the relief the challengers sought does not fall under the Civil Service Reform Act cited by the administration.
Barksdale is a senior judge, meaning he has a reduced case load and is no longer on active status at the court. Because he was part of the ruling panel he can participate in the reconsideration with the active judges. Of the 17 judges currently listed as active judges at the 5th Circuit, 12 are appointees of Republican presidents, including six nominated to the court by Trump.
When the case was argued before the three-judge 5th Circuit panel in March, administration lawyers had noted that district judges in a dozen jurisdictions had rejected a challenge to the vaccine requirement for federal workers before Brown ruled.
The administration argued the Constitution gives the president, as the head of the federal workforce, the same authority as the CEO of a private corporation to require that employees be vaccinated.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.mysuncoast.com/2022/06/27/court-revives-block-covid-19-vaccine-mandate-federal-workers/
| 2022-06-27T20:41:41Z
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AUSTIN, Texas , June 16, 2022 /PRNewswire/ -- 360factors, Inc. today announced that BHG Financial, a leader in financing to professionals nationwide, selected 360factors' risk and compliance intelligence platform.
The organization will deploy 360factors' Predict360 Enterprise Risk Management (ERM) and Compliance Management applications. Predict360 enables risk and compliance teams to assess risks and controls, manage compliance monitoring and testing activities, handle regulatory changes, and ensure regulatory compliance.
"Managing risk and compliance is critical to BHG. We needed a solution that would enable us to quickly and effectively develop our risk management framework," said Matt Ondus, Chief Compliance Officer at BHG Financial. "Predict360 provides the risk framework and collaborative workflows that will enable BHG to streamline our risk and compliance processes within one global platform."
Edward Just, Director, Risk Management, said, "Predict360's interface was more user friendly than other solutions we considered. The reporting capabilities with configurable dashboards and integration of Tableau will enable us to quickly realize value from the system."
"360factors is excited to work with the innovative team at BHG Financial," said Carl McCauley, CEO of 360factors. "As the financial services industry evolves, financial organizations are balancing product and technology evolution with regulatory obligations and compliance. We look forward to deploying Predict360 and are thrilled to welcome BHG Financial to our banking and financial services family of customers."
As a risk and compliance solutions leader within the banking and financial services industries, 360factors continues to develop relationships with banks and financial services institutions seeking to remove inefficiencies while elevating their risk and compliance management programs.
About 360factors, Inc.
360factors empowers organizations to accelerate profitability, innovation and productivity by predicting risks and streamlining compliance. Predict360, its flagship software product, is a Risk and Compliance Intelligence Platform augmented with A.I. technology to predict and mitigate risks while streamlining compliance. Predict360 integrates regulations and obligations, compliance management, risks and controls, audits and assessments, policies and procedures, and training in a cloud-based SaaS platform to provide predictive risk analytics and streamline compliance. 360factors is the endorsed solution provider for risk and compliance management by the American Bankers Association (ABA). Visit www.360factors.com for more information.
About BHG Financial
Powered by data, analytics, and technology, BHG Financial is constantly pushing the limits of innovation to help its clients succeed.
BHG Financial's dedication to providing services that meet the needs of its clients has led to the creation of a full family of brands that range from business, consumer, and SBA 7(a) loans to credit cards, collection services, and point-of-sale financing. Since 2001, the company has originated more than $11 billion in loans to top-quality borrowers, developed a state-of-the-art loan delivery platform for community and midsize banks, and created the largest community bank network in the country.
BHG Financial is partially owned by Pinnacle Bank (PNFP) and has headquarters in Ft. Lauderdale, FL and Syracuse, NY. Find out more about the company's financial solutions on https://bhgfinancial.com.
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https://www.kxii.com/prnewswire/2022/06/16/bhg-financial-chooses-360factors-integrated-risk-compliance-management-solution-predict360/
| 2022-06-16T18:05:53Z
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LOS ANGELES, June 30, 2022 /PRNewswire/ -- Bloody Gerry, all-natural Bloody Mary & Michelada Mix, is proud to announce their retail expansion into 94 Upscale and Fresh Fare Ralphs stores in Southern California.
"We knew we had something special the moment our recipe was converting bloody mary haters into bloody mary lovers. Unlike other bloody mary mixes, Bloody Gerry is packed with the highest quality natural ingredients so it never tastes like flavorless tomato juice. I promise you, Bloody Gerry will covert people who don't even like bloody marys! It's a deeply savory and fresh taste, never tomatoey! " says Gerry Becerril, creator of Bloody Gerry mix.
"Ralphs is where we grocery shop. When we went in and talked to the staff at the Marina Del Rey Ralphs store a team member asked me to sign a bottle of Bloody Gerry she bought. I felt like I was Tito of Tito's Vodka. It was surreal," said Gerry Becerril, Co-Founder of Bloody Gerry.
"We made this happen together so there is an incredible amount of pride we're feeling. When Raph's accepted us I couldn't believe it. This is our dream coming true," said Jennifer Becerril, Co-Founder.
Bloody Gerry is a 3 x award-winning, Bloody Mary and Michelada mix that uses organic California Tomatoes, fresh California Lemon Juice, and only all-natural ingredients. Bloody Gerry boasts that it's gluten free, no preservatives, no added sugar. Bloody Gerry is a low carb and low calorie cocktail that can also be mixed with club soda or Topo Chico to create a refreshing non-alcoholic Michelada.
Visit their website or Instagram for drool worthy recipes and to find a location near you.
For more information visit www.bloodygerry.com
Contact: Jennifer Becerril, Jenn@bloodygerry.com
View original content:
SOURCE Bloody Gerry
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https://www.mysuncoast.com/prnewswire/2022/06/30/la-couple-recreates-bloody-mary-amp-launches-ralphs-4th-july/
| 2022-06-30T17:34:27Z
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The circular fashion line uplifts stories of underrepresented communities
LOS ANGELES, May 17, 2022 /PRNewswire/ -- SO.TY, a neo luxe neo luxe sustainable circular fashion brand, launched this month in Los Angeles as part of Sovereignty Company, a social enterprise and not-for-profit set to realize a diverse, inclusive, equitable, prosperous, and circular fashion society for BIPOC communities. SO.TY is led by sought-after fashion designer Charles Harbison who has dressed notable celebrities like Beyonce, Michelle Pfeiffer, and Ava Duvernay. The brand seeks to define neo luxe as a movement that combines eco responsibility, gender affirmation, size inclusivity, and race and class equity to infuse thoughtfulness into the business of luxury goods.
Motivated by his own experience as a millennial designer trying to break through in fashion as well as questioning fast fashion's focus on rapidly changing trends and styles, Harbison teamed up to create SO.TY with Corneil Montgomery of Sovereignty Company, a first-of-its-kind circular social enterprise and not-for-profit that recently launched in Los Angeles. SO.TY focuses on sustainability and inclusiveness and features an innovative line of eco-friendly clothing that incorporates clean, unique design elements made from reusable materials. The neo luxe fashion brand will donate four percent of the proceeds to Sovereignty Company to help fund the Fashion CEOs Accelerator, which provides resources to fashion designers and fashion entrepreneurs to design and launch their own sustainable and circular business models.
"Sovereignty is honored to partner with Charles and the SO.TY brand to bring designers of color into the spotlight and help elevate the stories that deserve to be represented and heard," says Neil Montgomery, founder and chief executive officer of Sovereignty Fashion CEOs Accelerator. "Our mission, vision and purpose align perfectly to create an even stronger impact."
The SO.TY team and their shared values and distinct perspectives distinguish the business from other neo luxury brands.
"The SO.TY team represents what we believe neo luxe stands for and where we want to take it," says Charles Harbison, chief fashion director for SO.TY. "Every team member adds a perspective that is important to our mission. We have women, people of Color, black people of color, and people raised poor working with us to reach our goals. They define the thought leadership that in turn defines our work."
The line represents identities that frequently go ignored or underrepresented, and Harbison wants to raise those identities into the spotlight through design, fair business practices, and fair wages. Both his designs and his ethos are heavily influenced by his upbringing.
As a working-class son of working class women in North Carolina, Harbison has stories to tell and convey about witnessing strength, choice and self-defined elegance. In September 2021 he wrote about his influences and inspirations for The Atlantic in Always the Gold Sandal, and the stories live on through his SO.TY designs.
The clothing can be thought of as a feminist take on menswear or gender-neutral clothing that women can choose to opt into. It is feminine influenced and queer affirming. Through his optimistic and colorful designs, Harbison references the unapologetic dignity and elegance that was modeled by his mother and grandmother. The fashion line includes pieces like a bomber jacket reimagined in fuchsia pink and basketball shorts and tanks adorned with sequins playing off the irony of taking things that are defined as masculine and hard and rendering them playful and soft.
Staying true to the commitment to sustainability and circularity, the pieces will be constructed using recycled polyester, organic cotton, low water use fiber, recycled polyester fill and will be manufactured locally in Los Angeles. SO.TY will focus on sourcing surplus, dead stock and vintage fabrics.
SO.TY will become available in wholesale markets in June and July and will launch an e-commerce site later this year.
Related link:
www.sov-er-eign-ty.com
www.soty.world
Contact: Blakely Thornton
Media Liaison
blakely@sov-er-eign-ty.com
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SOURCE Sovereignty Company
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https://www.mysuncoast.com/prnewswire/2022/05/17/soty-launches-define-neo-luxe-fashion/
| 2022-05-17T17:42:12Z
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The partnership offers Toyota Tsusho customers access to state-of-the-art quantum solutions
TEL AVIV, Israel and TOKYO, July 5, 2022 /PRNewswire/ -- Quantum Machines, the provider of breakthrough quantum control solutions that accelerate the development and implementation of quantum computers, and Toyota Tsusho Corporation (Toyota Tsusho), a member of the Toyota Group, delivering to countries around the world a diverse range of products and services, today announced a partnership to offer Japanese customers cutting edge quantum technologies. The partnership will enable Toyota Tsusho customers to integrate comprehensive quantum technologies and build quantum capabilities for the future.
QM and Toyota Tsusho will present at the Q2B Conference taking place at The Westin Tokyo, July 13-14, 2022.
The emergence of quantum computing will revolutionize many industries including mobility and transportation, chemical materials, finance, and more. Today, the pace and quality of quantum development are constrained by the need to constantly reprogram and repurpose hardware that wasn't designed with the specific needs of quantum computing in mind.
Quantum Machines (QM) has established itself as the leading provider of control and operation systems - the actual "brain" within quantum computers. The company's Quantum Orchestration Platform (QOP) comprises the most advanced classical hardware and software for the control and operation of multi-qubit quantum processors. QM's OPX+ can support any existing QPU architecture and enables users to execute even the most challenging quantum algorithms right out of the box.
An early promoter of quantum technologies, Toyota Tsusho has been developing businesses utilizing quantum computers since 2017. The partnership combines Toyota Tsusho's unique understanding of their customer ecosystem with QM's quantum computing expertise to provide access to innovative quantum control solutions that support their long-term goals and quantum computing aspirations.
"Quantum technologies hold immense potential for the future of many industries, but not every company has the capacity to develop the infrastructure to support their quantum computing ambitions," said Dr. Itamar Sivan, Co-founder and CEO of Quantum Machines. "Our partnership with Toyota Tsusho will enable organizations to take advantage of quantum technologies to develop new quantum-based solutions that disrupt their industries, without the need to reinvent the wheel, dramatically shortening the time to market."
"Our goal is to constantly provide our customers with new technologies and value propositions," said Mr. Kazunori Mori, a general manager at Toyota Tsusho. "Partnering with Quantum Machines is a natural fit for our mission and will provide our customers with access to crucial quantum computing technologies that have the potential to reshape entire industries moving forward."
About Toyota Tsusho
Toyota Tsusho Corporation was founded in 1948 as the trading company for the Toyota Group. Today, Toyota Tsusho operates in more than 130 countries with approximately 65,000 Group employees, all striving to contribute to the creation of prosperous societies. Toyota Tsusho continues to expand as a global leader in vehicle exports and automobile production support. The company has seven operating divisions (Metals/ Global Parts & Logistics/ Automotive/ Machinery, Energy & Project/ Chemicals & Electronics/ Food & Consumer Services/ Africa) focused around three business fields. These are the Mobility field, which contributes to future convenient societies, the Resources & Environment field, which ensures sustainable societies, and the Life & Community field, which supports comfortable and healthy lifestyles.
About Quantum Machines
Quantum Machines (QM) drives quantum breakthroughs that accelerate the path towards the new age of quantum computing. The company's Quantum Orchestration Platform (QOP) fundamentally redefines the control and operations architecture of quantum processors. The full-stack hardware and software platform is capable of running even the most complex algorithms right out of the box, including quantum error correction, multi-qubit calibration, and more. Helping achieve the full potential of any quantum processor, the QOP allows for unprecedented advancement and speed-up of quantum technologies as well as the ability to scale into the thousands of qubits. Visit us at: www.quantum-machines.co
Media Contact:
Gavriel Cohen
gavriel@westraycommunications.com
+914-336-4633
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SOURCE Quantum Machines
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https://www.mysuncoast.com/prnewswire/2022/07/05/toyota-tsusho-partners-with-quantum-machines-provide-quantum-solutions-japanese-market/
| 2022-07-05T10:23:21Z
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LONDON (AP) — Add the FA Cup to the collection. Jürgen Klopp has now won every major title for Liverpool.
A 6-5 victory over Chelsea on penalties in Saturday’s final produced Liverpool’s first FA Cup triumph since 2006 and kept it in contention for, potentially if unlikely, a quadruple of trophies.
Just like in the League Cup final in February, the FA Cup showpiece ended 0-0 through 120 minutes before Liverpool prevailed again. This time, the Reds were helped by Chelsea midfielder Mason Mason’s penalty being saved before Konstantinos Tsimikas clinched the shootout win with his first-ever goal for the club.
“The small margins are again the difference and I cannot be more proud of my boys,” said Klopp, who has emulated Alex Ferguson with Manchester United and become only the second manager to win the European Cup, Premier League, League Cup and FA Cup with the same English club.
In two weeks, Liverpool will be hoping to win the Champions League final against Real Madrid. Before then, Klopp has to hope Manchester City slips up in the final two rounds of the Premier League and Liverpool takes advantage to regain that trophy.
“That is part of the ‘mentality monsters’ as well, going to extra time and keeping the high level, performing well,” Liverpool goalkeeper goalkeeper Alisson Becker said. “It gives us even more confidence to keep on going for the Premier League and also the Champions League final. This is a fantastic moment and now we just need to enjoy it.”
There was only more Wembley pain for Chelsea. Weeks of ownership turmoil for Chelsea are ending by becoming the first team to lose three consecutive FA Cup final appearances, having been beaten by Arsenal in 2020 and Leicester last year.
The final of world football’s oldest competition had never gone to penalties before at Wembley. There hadn’t even been a goalless final after extra time since it started being played at the national stadium in 1923.
But Liverpool’s last FA Cup success in 2006 was in one of the two previous shootouts that settled the cup final that both happened in Cardiff while Wembley was being rebuilt.
Saturday’s final ended with one half of the stadium shrouded in a red haze of smoke after beginning under a cloud when Liverpool fans jeered the national anthem and the introduction of Prince William.
After the ceremony to mark 150 years of the FA Cup, the 141st final was more tense than turgid, just like in the League Cup final. There were 58 shots produced by the teams without finding the net over their two games at Wembley in 2022.
One chance did come early for Liverpool with Chelsea goalkeeper Edouard Mendy saving from Luis Díaz. Then came Christian Pulisic’s shot that crept wide on a frustrating afternoon for the Chelsea forward.
The first half was punctuated by injury delays for Liverpool players.
Alisson had to be treated after his shin took a knock while blocking Marcos Alonso’s shot. The goalkeeper recovered but it wasn’t long before Mohamed Salah went down. The forward couldn’t continue due to a sore groin but he was able to walk off unaided when being replaced by Diogo Jota in the 33rd minute.
Liverpool missed the threat of the Premier League’s top scorer. Chelsea missed their chances to exploit that.
A blistering start to the second half by Chelsea saw Marcos Alonso shoot wide and send a free kick onto the crossbar around Pulisic’s effort being repelled by Alisson’s diving save.
A late flurry of Liverpool attempts couldn’t prevent the game going into extra time with the post hit by Díaz from a tight angle and Andy Robertson from close range.
And for only the second time — after Arsenal’s 2005 meeting with Manchester United in Cardiff — an FA Cup final ended 0-0 after extra time.
The shootout was going Liverpool’s way after captain César Azpilicueta missed Chelsea’s second penalty until Sadio Mane missed a chance to win it when Senegal teammate Mendy saved his kick.
After the teams converted another round of penalties, Mount was thwarted and Tsimikas produced his biggest moment since joining Liverpool in 2020. Now Liverpool has the eighth FA Cup it has been waiting 16 years to win, and another two titles to aim for this season.
“We have to celebrate hard,” Tsimikas said. “Tomorrow is another day and we still have a lot to do.”
For Chelsea’s men, the season will end with no domestic titles but the FIFA Club World Cup and UEFA Super Cup and prospective new owners.
“We’re disappointed and sad of course,” Chelsea manager Thomas Tuchel said, “but at the same time proud because we left everything that you need.”
Since the League Cup final loss, Roman Abramovich has put Chelsea up for sale after being sanctioned by the British government over his links to Russia amid the war on Ukraine. The Russian oligarch has agreed to a buyout by a consortium fronted by American sports investor Todd Boehly.
___
More AP soccer: https://apnews.com/hub/soccer and https://twitter.com/AP_Sports
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https://cw33.com/sports/ap-sports/liverpool-beats-chelsea-to-win-fa-cup-keep-quad-hopes-alive/
| 2022-05-15T06:07:06Z
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What is that? Strange figure caught on camera at Amarillo Zoo
AMARILLO, Texas (KFDA/Gray News) - City officials in Amarillo, Texas are asking for help identifying a strange figure seen on a surveillance camera at the Amarillo Zoo.
KFDA reports security cameras captured the image around 1:25 a.m. on May 21 inside a perimeter fence at the Amarillo Zoo.
City officials said there were no signs of vandalism or attempted entry into the zoo and no animals or people were harmed.
Now, the city is encouraging the public to submit ideas for what the figure could be.
“We just want to let the Amarillo community have some fun with this,” said City of Amarillo (COA) Director of Parks and Recreation Michael Kashuba, emphasizing the entity was seen outside the zoo.
For now, the strange visitor is referred to as a UAO - Unidentified Amarillo Object.
Copyright 2022 KFDA via Gray Media Group, Inc. All rights reserved.
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https://www.kxii.com/2022/06/08/what-is-that-strange-figure-caught-camera-amarillo-zoo/
| 2022-06-08T18:01:01Z
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STOCKHOLM, Aug. 18, 2022 /PRNewswire/ -- The Board of Directors of Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), pursuant to the previously disclosed agreement with Cevian Capital II GP Limited ("Cevian"), today appointed Gustav Lundgren to the Board of Directors, replacing Min Liu who resigned. The Board of Directors also declared a quarterly dividend of 64 cents for the third quarter of 2022.
Director Appointment
Gustav Lundgren is a partner of Cevian Capital, a 9.99% stockholder of the Company. Mr. Lundgren replaces Min Liu, Cevian's previously designated director, who resigned from the Autoliv, Inc. Board of Directors on August 18, 2022.
The Board has determined that Gustav Lundgren is an independent director and has appointed him as a member of the Audit and Risk Committee.
Autoliv's Board of Directors now consists of eleven members, all of whom are independent except Mikael Bratt, our CEO:
- Jan Carlson, Chairman of the Board
- Mikael Bratt, President and CEO
- Laurie Brlas
- Leif Johansson, Chair of the Nomination and Corporate Governance Committee
- Hasse Johansson
- Franz-Josef Kortüm
- Frédéric Lissalde, Chair of the Leadership Development and Compensation Committee
- Xiaozhi Liu
- Gustav Lundgren
- Martin Lundstedt
- Thaddeus Senko, Chair of the Audit and Risk Committee
Gustav Lundgren joined Cevian in 2006. He holds a Master of Science in Economics and Business Administration from the Stockholm School of Economics. He is a Swedish citizen and is based in Stockholm.
Quarterly Dividend
The dividend will be payable on Thursday, September 22, 2022 to Autoliv shareholders of record on the close of business on Wednesday, September 7, 2022. The ex-date will be Tuesday, September 6, 2022 for holders of common stock listed on the New York Stock Exchange (NYSE) as well as for holders of Swedish Depository Receipts (SDRs) listed on Nasdaq Stockholm.
This information is information that Autoliv, Inc. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the first contact person set out below, at 2:00 PM CET on August 18, 2022.
Inquiries:
Investors & Analysts: Anders Trapp, Tel +46 (0)8 587 206 71
Investors & Analysts: Henrik Kaar, Tel +46 (0)8 587 206 14
Media: Gabriella Ekelund, Tel +46 (70) 612 64 24
About Autoliv
Autoliv, Inc. (NYSE: ALV; Nasdaq Stockholm: ALIV.sdb) is the worldwide leader in automotive safety systems. Through our group companies, we develop, manufacture and market protective systems, such as airbags, seatbelts, and steering wheels for all major automotive manufacturers in the world as well as mobility safety solutions, such as pedestrian protection, connected safety services and safety solutions for riders of powered two wheelers. At Autoliv, we challenge and re-define the standards of mobility safety to sustainably deliver leading solutions. In 2021, our products saved close to 35,000 lives. Every year our products prevent more than 300,000 severe injuries.
Our more than 60,000 associates in 28 countries are passionate about our vision of Saving More Lives and quality is at the heart of everything we do. We drive innovation, research, and development at our 14 technical centers, with their 20 test tracks. Sales in 2021 amounted to US $ 8.2 billion. For more information go to www.autoliv.com.
Safe Harbor Statement
This report contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Autoliv, Inc. or its management believes or anticipates may occur in the future. All forward-looking statements are based upon our current expectations, various assumptions and data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including general economic conditions and fluctuations in the global automotive market. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any such statements in light of new information or future events, except as required by law.
This information was brought to you by Cision http://news.cision.com
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https://www.kxii.com/prnewswire/2022/08/18/autoliv-inc-appoints-gustav-lundgren-board-directors-declares-quarterly-dividend/
| 2022-08-18T13:19:50Z
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Missing teen may have been lured away by someone she met online, officials say
ATLANTA (WGCL/Gray News) – A 16-year-old girl from Atlanta is missing, and police said she may have been lured away by someone she met online.
Kaylee Jones, 16, hasn’t been seen in a week. Her parents, along with authorities, believe she may be with someone she met through an app.
Daniel and Brenda Jones, Kaylee’s parents, are begging for their daughter’s return.
“It’s gut-wrenching, knowing she’s out there somewhere and not knowing where she’s at. All the worst thoughts come to our minds,” Daniel Jones said. “She is our daughter, and we desperately want her back. She is a big, huge part of us.”
Kaylee Jones is autistic, and because of that, her parents are afraid their daughter was more vulnerable to online predators.
Daniel Jones said his wife discovered Kaylee was talking to four or five males through Snapchat. It’s unclear if they were adults or also minors.
The parents said they took Kaylee’s phone away Monday, and by Wednesday morning Kaylee was gone. Without her phone with her, it’s making it more difficult to track Kaylee down.
“You never think it’s going to happen to you. I tried to … reinforce this in her mind that she cannot trust everybody that she sees,” Daniel Jones said.
The Carroll County Sheriff’s Office said they are reviewing Kaylee’s social media records and following up with the last people she had contact with. They said they are following all tips and leads with assistance from the missing persons unit.
Kaylee is described as 5 feet, 8 inches tall and approximately 135 pounds. She may be wearing black sneakers or Converse shoes. She may also have a dark blue backpack with her that has a horse on the front with the word “Mazi” or “Kaylee” on it.
Anyone with information is asked to contact investigator Kim Biggs at 770-830-5916 or at kbiggs@carrollsheriff.com.
Copyright 2022 WGCL via Gray Media Group, Inc. All rights reserved.
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https://www.kxii.com/2022/06/21/missing-teen-may-have-been-lured-away-by-someone-she-met-online-officials-say/
| 2022-06-21T21:28:14Z
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