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"Look At Me: XXXTENTACION" tries to thread a needle, celebrating the talent of the late musical star, who was murdered at age 20, and addressing his mental-health issues while acknowledging allegations of domestic violence. Produced by his mother and his manager, the result is an awkward construct that doesn't overlook his violent behavior but occasionally downplays it.
"I felt like my son's story needed to be told," Cleopatra Bernard says, explaining the decision behind making the documentary, which details how Florida teenager Jahseh Onfroy, a.k.a. XXXTentacion, became one of the most-streamed artists on the planet before his death in 2018.
Any professional accomplishments, however, went hand in hand with acts of violence and his alleged battery of girlfriend Geneva Ayala, who is among those interviewed, with photos providing evidence of the brutal extent of that abuse.
"So she's scared. She thinks I'm gonna kill her," Onfroy says in one recording, despite having insisted repeatedly that Ayala was lying about him. Videos also capture various fights and assaults on others, which in essence became part of his brand.
Bernard concedes that image worked to her son's advantage, observing about XXXTentacion's career, "He figured out a way to get attention to himself, and even though it was negative things, it worked." To her credit, she also meets during the film with Ayala, who experienced threats and social-media backlash from his fans at the time because of his legal troubles.
Still, director Sabaah Folayan faces a daunting task in presenting Onfroy's personal struggles and the victimization of Ayala while also highlighting his brief career and talent, mostly by relying upon interviews with friends and family.
At one point, asked about Onfroy's excesses, Bernard says, "Even if he's Hitler, that's my son," adding of her support for him, "Any mother would have done the same thing, I would think" -- statements that seemingly cry out for follow-up questions that don't come.
The production auspices (Bernard is credited as an executive producer along with former manager Solomon Sobande) cloud the exercise, giving the documentary the feel, or at least the appearance, of a licensed product, especially since its premiere coincides with the posthumous release of a new song collaboration with Kanye West.
"Look At Me: XXXTENTACION" focuses on the good that XXXTentacion did through his relationship with fans, featuring some of them discussing how his music helped them through difficult times. Yet there's little consideration given to the questionable aspects of that, such as his assertion, "This is a cult, not a fan base."
At its core the documentary conveys the factors that shaped his work, and contends, based on the testimony of those close to him, that Onfroy was in the process of making changes to his life when he died.
As for what transpired before then, "Look at Me" offers glimpses, but it's not a fully developed picture.
"Look At Me: XXXTENTACION" premieres May 26 on Hulu.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/entertainment/look-at-me-xxxtentacion-develops-an-incomplete-picture-of-a-troubled-life/article_c921beed-8b38-53e9-8f21-943df217790b.html | 2022-05-26T14:03:59Z |
Ceremony Set to Honor the Remarkable Achievements of Africa, Africans and African Descendants Across Industries
2022 Honorees Include:
The Republic of Botswana, Filmmaker Mahen Bonetti, Rockefeller Foundation Executive Betty Wambui Kibaara and IBM Executive Dr. Solomon Assefa
Hosted by Bozoma Saint John
Tuesday, September 20, 2022 – 6 P.M.
At Cipriani's 42nd St. in New York City
NEW YORK, July 28, 2022 /PRNewswire/ -- The Africa-America Institute (AAI) - the premier U.S.-based international organization connecting Africa to America through education, training and dialogue - announced its 38th Annual Awards Gala celebrating the vast contributions of Africa and its worldwide diaspora. Returning to an in-person format, the Awards Gala will take place at Cipriani 42nd St. in New York City, on September 20th at 6 P.M.
Launched in 1984, the AAI Awards Gala is the most anticipated African-centered event convened in New York City. Held during the week of the United Nations General Assembly, the Gala brings together a host of distinguished notables including heads of state, diplomats, government officials, business and civil society leaders, scholars, journalists and other leading figures for an unforgettable evening.
Hosted by marketing executive, entrepreneur and author Bozoma Saint John, this year's awards will center around the theme of "Africa in the World." During the ceremony, AAI will honor an illustrious group of leaders across industries who have used their platforms to advance and affect substantive change locally, nationally and globally in their respective areas.
National Achievement Award
The Republic of Botswana to be accepted by His Excellency Mokgweetsi Eric Keabetswe Masisi
Science and Technology Leadership Award
Solomon Assefa - Vice President of IBM Research, Africa & Emerging Market Solutions
Ambassador of African Film Award
Mahen Bonetti - Founder of the African American Film Festival, Inc. (AFF) and Executive Director of the New York African Film Festival (NYAFF)
Distinguished Alumnae Award
Betty Wambui Kibaara - Director of the Food Initiative at the Rockefeller Foundation
"This year's Gala is especially exciting as it marks our return to an in-person event. We are delighted to have the opportunity to honor the people of the Republic of Botswana for their steadfast commitment to democracy and ground-breaking global partnerships in medical research and education," said Kofi Appenteng, AAI's President & CEO. "We're also celebrating Dr. Solomon Assefa's crucial work in deploying AI to enable sustainable futures, Betty Kibaara's work championing food security and agribusiness investments, and Mahen Benetti's legacy of bringing African and Diasporan voices to the forefront of global cinema. In geographical, scientific, artistic, and cultural terms these honorees embody this year's Gala theme of Africa in the World."
For the past six decades, AAI has provided over 23,000 scholarships and fellowships to African students. The Annual Awards Gala raises funds to support AAI programs and initiatives.
For more information, please visit aaionline.org/gala.
Since its founding in 1953, AAI has awarded scholarships and fellowships to over 23,000 Africans. These individuals comprise an esteemed network of alumni, many of whom are leaders and influencers across public, private, and governmental sectors in Africa and globally. Included in this network are current Heads of State, H.E. Hage Geingob, President of the Republic of Namibia; H.E. Alassane Ouattara, President of the Republic of Côte d'Ivoire; H.E. Mohamed Bazoum, President of the Republic of Niger; and H.E. Cyril Ramaphosa, President of the Republic of South Africa. Many of AAI's Alumni have left an indelible imprint, including the late 2004 Nobel Peace Prize Laureate Wangari Mathaai and the late Barack Obama, Sr.
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SOURCE Africa America Institute | https://www.wibw.com/prnewswire/2022/07/28/africa-america-institute-announces-its-38th-annual-awards-gala/ | 2022-07-28T17:34:50Z |
- Enel X Way will scale up smart electric vehicle charging solutions and services to support an all-electric transportation future.
- Under the new business, Enel X Way will expand its portfolio of award-winning smart EV charging solutions to further increase charging accessibility for consumers, companies, cities and governments.
SAN CARLOS, Calif., June 27, 2022 /PRNewswire/ -- Enel, a Fortune 200 energy company that plans to decarbonize its business by 2040, has announced Enel X Way, its new global business line dedicated to smart electric vehicle infrastructure solutions. Enel X Way will focus exclusively on developing EV charging solutions and services to accelerate the adoption of EVs for consumers, companies, cities, and governments. The business is currently active in 17 countries across North and South America, Europe, and Asia and manages over 320,000 public and private charging ports directly and through roaming agreements.
In North America, Enel X Way is headquartered in the heart of the Bay Area, San Carlos, Calif., and will support the rapidly increasing demand for electric vehicles and smart EV charging infrastructure with its portfolio of EV charging solutions, including the award-winning JuiceBox, which this year was recognized by CNET and Car and Driver as the "Best EV Charger Overall for 2022." According to BloombergNEF, EV sales in North America were up 88% in 4Q 2021, bringing the EV share of new car sales to 6.8% that quarter – the highest yet for the region. With more than 110,000 charging stations deployed across North America, EV drivers plug into an Enel X Way charging station every 2.6 seconds, and since launching its flagship consumer product in 2014, JuiceBox customers have avoided more than 510 tons of greenhouse gas emissions, equivalent to 1.3 million miles driven by an average gasoline-powered passenger vehicle.1
"The future is electric, and decarbonizing our energy and transportation systems will require smart infrastructure solutions to be the bedrock of this transition," said Elisabetta Ripa, CEO of Enel X Way.
"Enel X Way was created to accelerate a sustainable transportation future for all. Becoming Enel X Way is a testament to Enel's increasing investment in electric mobility and commitment to supporting the larger clean energy transformation."
Under the new business line, Enel X Way North America is committed to further increasing sales and production, expanding its portfolio of solutions to include more commercial charging stations and growing its workforce with new highly skilled jobs to meet the evolving market needs. To help new EV drivers and businesses go electric, Enel X Way now offers 24/7 customer support and is helping customers leverage hundreds of millions of available incentive dollars across the United States and Canada as part of state, local and utility programs.
"Across North America, major automakers are doubling down on their electric vehicle plans, large corporations are electrifying their fleets, and new policies and incentives are accelerating more EV adoption," said Chris Baker, Head of Enel X Way North America.
To further promote the spread of electric mobility, Enel X Way will strengthen its numerous partnerships around the world with electric vehicle manufacturers, private companies and public institutions and will leverage an 'interoperable system' by participating in roaming agreements and joint ventures to ensure that customers have access to an extensive and ubiquitous charging experience throughout North America, South America, Europe and Asia. This spring, Enel X Way will be launching new retail, automotive and utility partnerships, adding to its roster of commercial customers since releasing its commercial product line in 2020.
Enel X Way is a global leader in smart electric vehicle charging solutions with over 320,000 charging ports worldwide, including roaming agreements. As a subsidiary of Fortune 200 renewable energy leader, the Enel Group, Enel X Way is committed to providing smart mobility solutions for drivers, businesses and partners to make driving electric simple. Enel X Way's flagship home charging station, the JuiceBox, has been named the "best EV charger overall" in 2022 by CNET Roadshow. For more information, please visit our Enel X Way North American website here and follow us on Twitter, Instagram and Facebook @enelxwayna.
North America News Media
NorthAmericaMedia@enel.com
www.evcharging.enelx.com
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SOURCE Enel X Way North America | https://www.wibw.com/prnewswire/2022/06/27/enel-launches-new-global-e-mobility-business-enel-x-way/ | 2022-06-27T21:35:51Z |
‘An ambush to kill cops’: Sheriff says deputies lured to neighborhood by unfounded 911 call
COLUMBIA, S.C. (WIS/Gray News) - Authorities in South Carolina are investigating an incident they are calling an ambush involving several deputies responding to an emergency call.
Richland County Sheriff Leon Lott said deputies were called to a Carriage Oaks neighborhood at about 5:30 a.m. after a man had called 911 saying he heard a woman screaming for help.
WIS reports three deputies arrived at the scene and went to the address given by the caller and a woman met them. However, she told deputies that nothing was wrong.
Sheriff Lott said as the deputies were leaving, gunshots rang out, with a round going through the passenger window and hitting the dashboard of one of the officer’s vehicles.
Deputy Joseph Shannonhouse said shattered glass hit his eyes and face. He was able to make a U-turn and get away.
According to the sheriff, more than 15 more shots were fired at the deputies who called for assistance.
When help arrived, investigators said they found a man dead in the house next door to the original address given by the 911 caller. Lott said it is believed that the man committed suicide, as the deputies at the scene never returned fire and didn’t see the attacker at the time of the shooting.
Lott identified the man as 25-year-old Frederic Westfall. He was found with tactical gear and an assault rifle. Lott called the attack “an ambush to kill cops.”
Currently, investigators said they are still working on a motive for the shooting.
Officials said Deputy Shannonhouse was treated at an area hospital and expected to survive his injuries sustained in the incident.
“We are very lucky we didn’t have an officer killed,” Lott said. “These deputies have a dangerous job, and I am thankful they were able to go home to their families.”
Copyright 2022 WIS via Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/08/04/an-ambush-kill-cops-sheriff-says-deputies-lured-neighborhood-by-unfounded-911-call/ | 2022-08-04T03:26:26Z |
LONDON, Sept. 6, 2022 /PRNewswire/ -- Markel International, a subsidiary of Markel Corporation (NYSE: MKL), has appointed Dan Martin as managing director of distribution strategies and business development (DS&BD). Martin takes on the role from Pat Murphy-O'Connor who will transition to a consultancy capacity ahead of his retirement at the end of 2022, demonstrating Markel's focus to bring distribution to the forefront of its strategy, and the continued drive for profitable growth.
Martin will support Markel's long-term ambitions of sustainable growth, and operational effectiveness by working with the wholesale leadership and underwriting divisions to continue to progress a structured approach to distribution, the expansion of DS&BD, while enhancing the future digital framework within Markel's Wholesale offering in the London and Asian markets.
Martin will be based at Markel's London office, and report to Andrew McMellin, managing director of Wholesale at Markel International.
With more than 25 years in the underwriting and risk management industry, Martin joins from American International Group (AIG), where he was head of broker engagement with responsibility for AIG's London Market offerings, including the Talbot Lloyd's platform and multi-year strategic initiatives. He has a diverse background with experience spanning the Lloyd's and UK retail and wholesale markets, with extensive expertise in alternative distribution strategies with major trading partners.
Martin said: "Markel's DS&BD in the Wholesale division has been going from strength-to-strength under Pat's exceptional leadership, and I am looking forward to working with Andrew and the team on the next phase of its evolution. Markel is known as a leader in most of its classes and to operate with a culture that prioritises integrity and respect, which provides the right backdrop to achieve its ambitious strategic goals."
McMellin added: "Dan's wealth of experience, long-standing trading relationships, and his strong reputation for working with underwriters, makes him the perfect successor to Pat, and is testament to Markel International's ability to attract market-leading talent. His appointment and the expansion of the DS&BD team will allow us to partner with brokers in a more commercial and cohesive manner. I'd like to thank Pat for his contribution in fostering excellent working relationships and making DS&BD as successful as it is today, and I'm delighted to welcome Dan to the team, as we continue this journey of sustained growth."
Markel Corporation is a diverse financial holding company serving a variety of niche markets. The company's principal business markets and underwrites specialty insurance products. In each of the Company's businesses, it seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the company are to earn consistent underwriting and operating profits and superior investment returns to build shareholder value. Markel® is a registered trademark of the Markel Corporation. Visit Markel on the web at markel.com.
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SOURCE Markel International | https://www.mysuncoast.com/prnewswire/2022/09/06/markel-international-names-industry-leader-dan-martin-managing-director-distribution-strategies-business-development/ | 2022-09-06T08:23:18Z |
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT
BASEL, Switzerland, June 29, 2022 /PRNewswire/ -- Syngenta AG ("Syngenta") announced today that Syngenta Finance N.V. (the "Issuer"), its wholly owned subsidiary, is offering to purchase for cash (the "Tender Offers") the Securities listed below. The Tender Offers are subject to the terms and conditions described in the offer to purchase dated 29-Jun-22 (the "Offer to Purchase"). The Offer to Purchase can be obtained at the following website: https://sites.dfkingltd.com/syngenta. Capitalized terms not otherwise defined in this announcement have the same meaning as assigned to them in the Offer to Purchase.
** Any and All Notes **
Title of Security / ISIN / Maturity Date / Par Call Date / Principal Amount Outstanding / U.S. Treasury Reference Security / Bloomberg Reference Page / Fixed Spread
5.676% senior notes due 2048 / US87164KAJ34 (144A) and USN84413CN61 (RegS) / 24-Apr-48 / 24-Oct-47 / USD405,670,000 / 2.250% UST due February 2052 / FIT1 / 225 bps
4.375% senior notes due 2042 / US87164KAB08 / 28-Mar-42 / n/a / USD29,234,000 / 3.250% UST due May 2042 / FIT1 / 200 bps
** Maximum Tender Offer Notes subject to the Maximum Purchase Amount (a) **
Title of Security / ISIN / Maturity Date / Par Call Date / Principal Amount Outstanding / Acceptance Priority Level / U.S. Treasury Reference Security / Bloomberg Reference Page / Fixed Spread / Early Tender Payment (b)
5.182% senior notes due 2028 / US87164KAC80 (144A) and USN84413CG11 (RegS) / 24- Apr-28 / 24-Jan-28 / USD1bn / 1 / 2.625% UST due May 2027 / FIT1 / 180 bps / USD50 per USD1,000
4.892% senior notes due 2025 / US87164KAG94 (144A) and USN84413CL06 (RegS) / 24- Apr-25 / 24-Feb-25 / USD750mn / 2 / 2.875% UST due June 2025 / FIT1 / 160 bps / USD50 per USD1,000
(a) The Issuer will accept for purchase Maximum Tender Offer Notes in an amount not to exceed an aggregate principal amount equal to the Maximum Purchase Amount, being USD1bn less the aggregate principal amount of Any and All Notes validly tendered and accepted for purchase in the Any and All Tender Offers. The Issuer will allocate the amount of the Maximum Purchase Amount to purchase Maximum Tender Offer Notes with reference to the relevant Acceptance Priority Levels as further described in the Offer to Purchase. All Maximum Tender Offer Notes tendered prior to or at the Early Tender Date will have priority over Maximum Tender Offer Notes tendered after the Early Tender Date, regardless of the acceptance priority levels noted above.
(b) The Total Consideration for Maximum Tender Offer Notes validly tendered prior to or at the Early Tender Date and accepted for purchase will be determined using the applicable Fixed Spread and when calculated in such manner is already inclusive of the Early Tender Payment. Maximum Tender Offer Notes validly tendered after the Early Tender Date but prior to or at the Maximum Tender Expiration Date will be eligible to receive the Late Tender Offer Consideration, which is equal to the Total Consideration minus the Early Tender Payment.
The Total Consideration for each series of Securities will be determined based on the applicable Fixed Spread over the bid-side yield of the applicable U.S. Treasury Reference Security at the applicable Price Determination Date, as more fully described in the Offer to Purchase.
If the applicable Repurchase Yield for each series of Securities is less than the contractual rate of interest for such Securities, then the Total Consideration for such Securities will be calculated based on the applicable par call date, if any, and if the applicable Repurchase Yield is higher than or equal to the contractual rate of interest for such Securities, then the Total Consideration will be calculated based on the applicable maturity date. If the series of Securities does not have a par call date, then the Total Consideration for such Securities will be calculated based on the applicable maturity date.
Holders whose Securities are accepted for purchase will also receive accrued and unpaid interest up to but not including the Any and All Settlement Date, in respect of the Any and All Notes, or the applicable settlement date, in respect of the Maximum Tender Offer Notes.
** Indicative Timetables (all times are NYC) **
For the Any and All Tender Offers:
Commencement Date: 29-Jun-22
Any and All Price Determination Date: 11am, 06-Jul-22
Any and All Expiration Date and Withdrawal Deadline: 5pm, 06-Jul-22
Any and all Results Announcement Date: 07-Jul-22
Guaranteed Delivery Expiration Date: 5pm, 08-Jul-22
Any and All Settlement Date: Expected to be 11-Jul-22
Guaranteed Delivery Settlement Date: Expected to be 11-Jul-22
For the Maximum Tender Offer:
Commencement Date: 29-Jun-22
Maximum Purchase Amount Announced: Concurrent with the announcement of the results of the Any and All Tender Offers; expected to be 07-Jul-22
Early Tender Date and Maximum Tender Withdrawal Deadline: 5pm, 13-Jul-22
Maximum Tender Results Announcement Date: 14-Jul-22
Maximum Tender Price Determination Date: 11am, 14-Jul-22
Pricing Announcement: Following Maximum Tender Price Determination Date
Maximum Tender Early Settlement Date: Expected to be 18-Jul-22
Maximum Tender Expiration Date: 11:59pm, 27-Jul-22
Maximum Tender Final Settlement Date: Expected to be 29-Jul-22
** Purpose of the Tender Offers **
The purpose of the Tender Offers is to proactively manage the Issuer's debt portfolio, to reduce its future interest expense and to provide liquidity to Holders.
This announcement must be read in conjunction with the Offer to Purchase. This announcement and the Offer to Purchase contain important information which should be read carefully before any decision is made with respect to the Tender Offers.
** Dealer Managers **
BofA Securities Europe SA: +33 1 877 01057 (Europe) / +1 (888) 292-0070 (U.S. Toll Free) / +1 (980) 387-3907 (U.S.) / DG.LM-EMEA@bofa.com
Goldman Sachs Bank Europe SE: +44 20 7774 4836 / Email: liabilitymanagement.eu@gs.com
** Tender and Information Agent **
D.F. King & Co., Inc.: +1 (212) 269-5550 (banks and brokers), +1 (888) 605-1958 (all others), +44 20 7920 9700 (London) / syngenta@dfking.com
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SOURCE Syngenta AG | https://www.wibw.com/prnewswire/2022/06/29/syngenta-announces-tender-offers-via-bofa-gs/ | 2022-06-29T12:05:17Z |
ALBANY – The good news is Dougherty County workers are getting a pay raise. The bad news is that it will mean a property tax increase for taxpayers.
During a Thursday news conference, Dougherty County Commission Chairman Chris Cohilas linked the two issues and noted that the commission has not revisited either in years. He said he expects the pay increases will bring in an influx of job applicants to fill positions.
The county will hold a job fair from 10 a.m.-1 p.m. Friday at the the Government Center, located at 222 Pine Ave.
“Dougherty County is now open for business,” he said. “We are looking for the best, the brightest and hardest-working (to come) where people know they will be appreciated, they will be adequately trained and will be paid a better wage than anybody in any other county in the area.
“There is an intersection sometimes between taxes and pay. This time the needs of our employees trumped.”
At the time the chairman spoke, the county was 135 short of the 650 who would be on the job if the county were fully staffed. Of those, 52 are at the Dougherty County Sheriff’s Office, which currently is down 47 jailers and five deputies at the county’s Judicial Building.
Commissioners approved the pay increase earlier this month with the approval of a pay scale developed by an outside consultant, with raises set to go into effect on Oct. 1. On Monday they will tackle the job of finding the little more than $4 million needed to pay for the outlays.
Cohilas defended the county’s financial stewardship, saying Dougherty County probably gets the most value out of each dollar spent than any in Georgia, as well as the need for recognizing employees’ dedication and hard work.
“I remember back in 2008, 2009, back when we went through the financial crisis, that we were literally furloughing employees," he said. "We still got up every morning and went to work despite the fact we were doing it for free. We haven’t (done) furloughs again, but we may as well have because it has been unconscionable what we have been paying” our employees.
The last time the county initiated a pay scale to adjust salaries was 22 years ago, he said. In addition to the financial crisis that caused belt-tightening, during that time employees have worked through four presidentially declared disasters and the COVID-19 pandemic.
“I want everyone to understand we have a dedicated group of employees in this county who have worked through crisis after crisis, disasters and COVID without (receiving) a livable wage,” Cohilas said.
The pay scale will increase salaries based on employee job position and years of employment. It will increase the starting salary for the lowest paid from $10 to $13 an hour.
The minimum wage increase and pay scale will put salaries in Dougherty County at the top in the region and should bring an influx of people seeking jobs, including some former employees who left to work elsewhere for better pay, Cohilas said.
“Instead of losing the best, we will be attracting the best,” he said. “Instead of attracting the mediocre, we will be attracting the most talented. If it were up to me, I’d give them more. I’m very thankful to my commissioners and our employees for their support.”
Dougherty County Sheriff Kevin Sproul echoed Cohilas’ statement about the significance of the pay raises.
“This has been one of the best moments for us, too,” he said during an interview following the news conference. “We definitely rode the backs of the employees for several years. We just realize the services they provide are needed, and they need to take care of them.”
The commission’s Finance Committee will meet at 8 a.m. Monday to discuss the tax issue and will make a recommendation on a millage rate hike to the full board during the meeting at 10 a.m., Ed Newsome, who chairs the Finance Committee, said.
“I think it was absolutely the best thing we could have done,” he said of the raises. “I’ve said this before, but our employees are our best asset. It’s critical. We can’t afford to lose public safety. We can’t afford to lose police.”
Most employees will receive a pay increase this year of at least 2.5 percent, County Administrator Michael McCoy said. In addition, all employees will receive a $1,000 lump sum distribution in December.
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CONCORD, Calif., Sept. 1, 2022 /PRNewswire/ -- Nonstop Administration and Insurance Services, Inc. today announced the official launch and unveiling of its rebranding efforts, which include a new logo, a website revamp, and enhanced social media presence. The company also announced a new name for its flagship health insurance solution, which is from today forward called Nonstop Health (formerly Nonstop Wellness).
Founder and CEO of Nonstop Administration and Insurance Services, Inc., David Sloves, says, "At the heart of our organization, we are Nonstop Health, so this rebrand and the renaming of our flagship offering more accurately reflects the company and our service as a whole. We're excited to roll out these changes, and we're even more excited that our members don't have to change a thing."
Nonstop's flagship product, which has been renamed to Nonstop Health, is an innovative health insurance offering that challenges traditional healthcare benefits plans by providing more accessible, affordable coverage. Nonstop Health can be designed to provide immediate savings to employers and employees, without requiring carrier, provider or broker changes.
"These are exciting times as we continue to grow, disrupt traditional healthcare benefits models, and provide better and more affordable solutions," says Sloves. "Our plans can provide savings for employers and zero out-of-pocket costs for employees; this means we fulfill our mission to provide healthcare when it's needed, without concerns for costs. Stay tuned for more exciting announcements from our team."
Nonstop Administration and Insurance Services, Inc. reduces barriers in access to healthcare through an innovative first-dollar approach to plan design that provides cost certainty for employers and can reduce or eliminate upfront medical expenses for employees and their families enrolled on the plan. To learn more about Nonstop Health, please visit nonstophealth.com or connect on LinkedIn or through a broker.
Media Contact for Nonstop Health:
Matt Gougler
mgougler@nonstophealth.com
877-626-6057
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SOURCE Nonstop | https://www.wibw.com/prnewswire/2022/09/01/nonstop-administration-insurance-services-inc-reimagined-rebranded-ready-whats-next/ | 2022-09-01T10:41:55Z |
NEW YORK, June 25, 2022 /PRNewswire/ --
WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Apyx Medical Corporation (NASDAQ: APYX) between May 12, 2021 and March 11, 2022, both dates inclusive (the "Class Period"), of the important August 5, 2022 lead plaintiff deadline.
SO WHAT: If you purchased Apyx securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Apyx class action, go to https://rosenlegal.com/submit-form/?case_id=6835 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 5, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) a significant number of Apyx's Advanced Energy products were used for off-label indications; (2) such off-label uses led to an increase in the number of medical device reports filed by Apyx reporting serious adverse events; (3) as a result, Apyx was reasonably likely to incur regulatory scrutiny; (4) as a result of the foregoing, Apyx's financial results would be adversely impacted; and (5) as a result of the foregoing, defendants' positive statements about Apyx's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Apyx class action, go to https://rosenlegal.com/submit-form/?case_id=6835 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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SOURCE Rosen Law Firm, P.A. | https://www.wibw.com/prnewswire/2022/06/25/rosen-leading-law-firm-encourages-apyx-medical-corporation-investors-secure-counsel-before-important-deadline-securities-class-action-apyx/ | 2022-06-25T15:48:08Z |
Arch lights will be turned off for bird migration
By Web Staff
Click here for updates on this story
ST. LOUIS, Missouri (KMOV) — The National Park Service will turn off the Gateway Arch lights from May 1 through May 14 for bird migration season.
Park services say 40% of the nation’s migratory waterfowl use the Mississippi River corridor during their spring and fall migration.
The lights will be back on Saturday, May 15.
Please note: This content carries a strict local market embargo. If you share the same market as the contributor of this article, you may not use it on any platform. | https://localnews8.com/cnn-regional/2022/05/01/arch-lights-will-be-turned-off-for-bird-migration/ | 2022-05-02T02:19:56Z |
All amounts are in U.S. dollars unless otherwise indicated.
VANCOUVER, BC, Aug. 12, 2022 /PRNewswire/ - Maverix Metals Inc. ("Maverix" or the "Company") (NYSE American: MMX) & (TSX: MMX) is pleased to announce operating and financial results for the second quarter ended June 30, 2022.
- Revenue of $14.2 million;
- Gold equivalent ounces ("GEOs") sold of 7,6491;
- Cash flow from operating activities of $8.0 million;
- Cash flow from operating activities, excluding changes in non-cash working capital, of $9.6 million1;
- Average cash cost per GEO of $236, resulting in a cash operating margin of 87% or $1,620 per ounce1;
- Net income of $2.8 million, or $0.02 per share;
- Adjusted net income of $4.0 million1, or $0.03 per share; and
- Orla Mining Ltd. ("Orla") declared commercial production at its Camino Rojo mine, where Maverix holds a 2% NSR royalty.
For complete details please refer to the unaudited condensed interim consolidated financial statements and associated Management Discussion and Analysis for the three and six months ended June 30, 2022, available on SEDAR (www.sedar.com), EDGAR (www.sec.gov) or on Maverix's website (www.maverixmetals.com).
To listen to Maverix's President, Ryan McIntyre, discuss the second quarter results please use this link: Q2 2022 Results
On July 21, 2022, Polymetal International plc ("Polymetal") announced that production targets were achieved for the second quarter. In Q2, the Omolon mine produced approximately 43,000 ounces of gold and 100,000 ounces of silver. However, international sanctions against Russia continue to have a material impact on sales, procurement and logistics. Restrictions in the second quarter forced Polymetal to reduce shipments of gold creating a gap between sales and production. Maverix reports revenue and GEOs based on ounces sold and not produced and, therefore, recognized almost none of the approximately 1,100 attributable GEOs produced in the second quarter. Polymetal has noted that the gap between sales and production will likely be closed in the third quarter as it ramps up export sales to various Asian markets, but the exact timing is difficult to judge. Polymetal has reiterated its production guidance for the year, however, it did note a risk of underperformance given persistent lockdowns in Asia. Maverix understands that proactive contingency planning has been initiated by Polymetal to maintain business continuity in the event of adverse developments, but no assurances can be made in this regard. The conflict between Russia and Ukraine and any restrictive actions that have or may be taken in response thereto, such as sanctions, export and or currency controls, could have negative impacts on Polymetal's ability to continue operation of Omolon and Polymetal's ability to make payments to the Company. Maverix continues to work with Polymetal to effect payment of royalties from Omolon in a way that does not breach any relevant sanctions. At June 30, 2022, the Company's accounts receivable related to its Omolon royalty interest is $4.4 million.
For more information, please refer to polymetalinternational.com and see the news releases dated July 21, 2022, June 23, 2022 and April 25, 2022.
Given the ongoing uncertainty relating to the Omolon royalty, Maverix is excluding Omolon GEOs from its outlook for the second half of 2022. Excluding any contribution from Omolon in the second half, we expect 28,000 to 31,000 GEOs attributable for 2022, which compares to the previously announced guidance of 32,000 to 35,000 attributable GEOs1 for 2022, inclusive of GEOs attributable to the Omolon royalty.
Dan O'Flaherty, CEO of Maverix, commented, "Maverix's portfolio had a steady second quarter related to underlying production and we welcomed Orla's declaration of commercial production at its Camino Rojo mine. There were also several meaningful developments at other assets within our portfolio, related to ongoing exploration efforts and mineral resource updates, some of which are described below. However, given the ongoing uncertainty relating to our Omolon royalty, we believe it is prudent to exclude Omolon GEOs from our outlook for the second half of 2022. As inflation continues to impact the operating and capital costs of mining companies, our diversified high-margin royalty and stream portfolio is well-positioned to reduce exposure to rising costs and other global supply chain issues. With the challenging equity and debt market conditions, we continue to evaluate several new opportunities to deploy our capital in a financially disciplined manner to bolster our portfolio and generate attractive rates of return for our investors."
Camino Rojo (2% NSR)
Orla Mining Ltd. ("Orla") declared commercial production at its Camino Rojo oxide mine effective April 1, 2022, after a successful commissioning period which included the ramp up of mining and processing to sustained throughput levels. In the second quarter, Camino Rojo had record quarterly gold production of 25,672 ounces. Camino Rojo's processing throughput for the quarter averaged 18,245 tonnes per day, exceeding nameplate capacity of 18,000 tonnes per day.
For more information, please refer to orlamining.com and see the news release dated July 11, 2022.
Beta Hunt (4.75% Gold Royalty and 1.5% Nickel Royalty)
On July 19, 2022, Karora Resources Inc. ("Karora") announced the drilling of the highest grade interval to date at Beta Hunt's Larkin Zone, 29.8 grams per tonne ("g/t") gold over 7.8 metres, as part of its ongoing underground diamond drill program at Beta Hunt. Results from the drilling program support and extend the mineralization already defined by the current Larkin mineral resource and provide strong encouragement for potential high-grade mineralization to continue at depth. Work on the second decline at Beta Hunt continues to track on budget, and ahead of schedule, with expected completion in Q1 2023.
On May 11, 2022, Karora announced an updated nickel measured and indicated resource estimate for Beta Hunt that showed an increase of 22% to 19,600 tonnes of nickel and an increase in the nickel inferred resource of 52% to 13,200 tonnes of nickel. The significant addition includes the Maiden 50C Trend resource comprising a measured and indicated resource of 153,000 tonnes at 2.8% nickel for 4,300 tonnes of nickel and an inferred mineral resource of 124,000 tonnes at 3.1% nickel for 3,800 tonnes of nickel. The 50C Trend is part of the Gamma Block Nickel mineral resource which is defined over 800 metres of strike with potential to extend a further 1.8 kilometres to 2.6 kilometres along strike. The updated mineral resource will be used to support a preliminary economic assessment of expanded nickel production at Beta Hunt.
For more information, please refer to karoraresources.com and see the news releases dated July 19, 2022, July 14, 2022 and May 11, 2022.
South Railroad (2% NSR)
On June 13, 2022, Orla announced the acquisition of Gold Standard Ventures Corp. ("Gold Standard"). Gold Standard's primary asset is its high-quality, open pit, heap leach South Railroad project located in the prolific Carlin trend in Nevada. Gold Standard previously released the results of a robust feasibility study on South Railroad which outlines a 10.5 year mine life with total gold production of over one million ounces and average annual gold production of 124,000 ounces.
For more information, please refer to goldstandardv.com and see the news release dated June 13, 2022.
McCoy-Cove (1.5% + 2.0% NSR)
On July 21, 2022, i-80 Gold Corp. announced that the underground, advanced-exploration, program at the McCoy-Cove project is progressing according to plan. The Cove mine portal has been collared and more than 300 metres of the decline has been constructed. The Phase 1 program will include the construction of an initial level with multiple drill bays to provide access for upgrading resources. Approximately 40,000 metres of underground definition and expansion drilling is anticipated to commence in Q4 2022 followed by a feasibility study anticipated to be completed in 2023.
For more information, please refer to i80gold.com and see the news release dated July 21, 2022.
Panton (2.0% NSR on Platinum Group Metals ("PGM"))
On June 21, 2022, Future Metals NL ("Future Metals") announced an updated mineral resource estimate for the Panton PGM-Nickel project ("Panton") of 5.0 million ounces of palladium, platinum and gold and 238 thousand tonnes of nickel, at a grade of 1.66 g/t palladium equivalent. The updated resource confirms the Panton deposit to be of a global scale and the second largest PGM deposit in Australia. Future Metals continues to progress the metallurgy work at Panton and are able to move towards a scoping study to make a preliminary assessment on the best path forward.
For more information, please refer to future-metals.com.au and see the news release dated June 21, 2022.
Maverix has published its 2022 Asset Handbook, which provides detailed information on the Company's diverse portfolio of 125 royalties and streams. The document is available on the Company's website at maverixmetals.com.
The Company is pleased to announce that its Board of Directors has approved the payment of the quarterly cash dividend of $0.0125 per common share. The dividend will be paid on or about September 15, 2022, to shareholders of record as of the close of business on August 31, 2022.
The dividend is designated as an "eligible dividend" for the purposes of the Income Tax Act (Canada). Dividends paid by Maverix to shareholders outside Canada (non-resident investors) will be subject to Canadian non-resident withholding taxes. The declaration, timing, amount and payment of future dividends remains at the discretion of Maverix's Board of Directors.
Brendan Pidcock, P.Eng., is Vice President, Technical Services for Maverix, and a qualified person under National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"), has reviewed and approved the scientific and technical disclosure contained in this news release.
Maverix is a gold-focused royalty and streaming company with a globally diversified portfolio of over 120 assets. Maverix's mission is to increase per share value by acquiring precious metals royalties and streams. Its shares trade on both the NYSE American and the TSX under the symbol "MMX".
Information contained or referenced in this press release or in the documents referenced herein concerning the properties, technical information and operations of Maverix has been prepared in accordance with requirements and standards under Canadian securities laws, which differ from the requirements of the U.S. Securities and Exchange Commission ("SEC") under subpart 1300 of Regulation S-K ("S-K 1300"). The terms "mineral resource" and "inferred mineral resource" used in this press release or in the documents incorporated by reference herein are mining terms as defined in accordance with NI 43-101 under guidelines set out in the Definition Standards for Mineral Resources and Mineral Reserves adopted by the Canadian Institute of Mining, Metallurgy and Petroleum Council. While the terms are substantially similar to the same terms defined under S-K 1300 there are differences in the definitions. Accordingly, there is no assurance any mineral resources that the Company may report under NI 43-101 will be the same as resource estimates prepared under the standards adopted under S-K 1300. Because the Company is eligible for the Multijurisdictional Disclosure System adopted by the SEC and Canadian Securities Administrators, the Company is not required to present disclosure regarding its mineral properties in compliance with S-K 1300. Accordingly, certain information contained in this press release concerning descriptions of mineralization and mineral resources under these standards may not be comparable to similar information made public by US companies subject to reporting and disclosure requirements of the SEC.
Maverix has included certain performance measures in this news release that do not have any standardized meaning prescribed by International Financial Reporting Standards ("IFRS") including adjusted net income, total GEOs sold, average realized gold price per GEO, average cash cost per GEO, cash operating margin and cash flow from operating activities excluding changes in non-cash working capital. Adjusted net income is calculated by excluding the effects of the non-cash cost of sales related to the prepaid gold interests, non-cash change in fair value of the prepaid gold interests, other income/expenses, impairment charges, gains/(losses) on sale or amendments of royalty and streams and unusual non-recurring items. The Company believes that adjusted net income is a useful measure of the Company's performance because it adjusts for items which may not relate to or have a disproportionate effect on the period in which they are recognized, impact the comparability of our core operating results from period to period, are not always reflective of the underlying operating performance of our business and/or are not necessarily indicative of future operating results. The Company's royalty revenue and silver sales are converted to a GEO basis by dividing the royalty revenue and silver sales for a period by the average gold price based on the LBMA Gold Price PM Fix per ounce for the same respective period. These GEOs when combined with the gold ounces sold from the Company's gold streams and prepaid gold interests equal total GEOs sold. Average realized gold price per GEO is calculated by dividing the total revenue by the GEOs sold. Average cash cost per GEO is calculated by dividing the total cost of sales, less depletion less non-cash cost of sales of the prepaid gold interests, by the GEOs sold. In the precious metals mining industry, these are common performance measures but do not have any standardized meaning. Cash operating margin is calculated by subtracting the average cash cost per GEO sold from the average realized gold price per GEO sold. The Company presents cash operating margin as it believes that certain investors use this information to evaluate the Company's performance in comparison to other companies in the precious metal royalty and streaming sector who present results on a similar basis. The Company has also used the non-IFRS measure of operating cash flows excluding changes in non-cash working capital. This measure is calculated by adding back the decrease or subtracting the increase in changes in non-cash working capital to or from cash provided by (used in) operating activities. The presentation of these non-IFRS measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these non-IFRS measures differently. The 2022 forecast herein assumes a gold price of $1,750 per ounce and a silver price of $21.00 per ounce. The forecast was derived using information that is available in the public domain as at the date hereof, which included guidance and estimates prepared and issued by management of the operators of the mining operations in which Maverix holds an interest. The forecast is sensitive to the performance and operating status of the underlying mines. None of the information has been independently verified by Maverix and may be subject to uncertainty. There can be no assurance that such information is complete or accurate. Maverix's business, operations, financial condition, and financial outlook could be materially adversely affected by the continued impact of the COVID-19 global health pandemic. At this time, Maverix cannot reasonably estimate the duration of any potential business disruptions, impact to underlying operations that Maverix holds an interest in or any related financial impact that is related to or caused by COVID-19.
This release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. Forward-looking statements and information include, but are not limited to, statements with respect to the Company's annual guidance and or organic growth in respect of its portfolio of assets, developments in respect of Maverix's portfolio of royalties and streams, including developments in respect of the Company's Omolon royalty interest and as well developments at certain of the mines, projects or properties that underlie the Company's interests. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of general business and economic conditions; the absence of control over mining operations from which Maverix will purchase gold and other metals or from which it will receive royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans continue to be refined; accidents, equipment breakdowns, title matters, labor disputes or other unanticipated difficulties or interruptions in operations; problems inherent to the marketability of gold and other metals; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; industry conditions, including fluctuations in the price of the primary commodities mined at such operations, fluctuations in foreign exchange rates and fluctuations in interest rates; government entities interpreting existing tax legislation or enacting new tax legislation in a way which adversely affects Maverix; stock market volatility; regulatory restrictions; liability, competition, the potential impact of epidemics, pandemics or other public health crises, including the current outbreak of the novel coronavirus known as COVID-19 on Maverix's business, operations and financial condition, loss of key employees, as well as those risk factors discussed in the section entitled "Risk Factors" in Maverix's annual information form dated March 16, 2022, available at www.sedar.com. Maverix has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Maverix undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available.
The disclosure herein and relating to properties and operations on the properties in which Maverix holds royalty, stream or other interests is based on information publicly disclosed by the owners or operators of these properties and information/data available in the public domain as at the date hereof, and none of this information has been independently verified by Maverix. Specifically, as a royalty or stream holder, Maverix has limited, if any, access to properties included in its asset portfolio. Additionally, Maverix may from time to time receive operating information from the owners and operators of the properties, which it is not permitted to disclose to the public. Maverix is dependent on, (i) the operators of the properties and their qualified persons to provide information to Maverix, or (ii) on publicly available information to prepare disclosure pertaining to properties and operations on the properties on which Maverix holds royalty, stream or other interests, and generally has limited or no ability to independently verify such information. Although Maverix does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. Some information publicly reported by operators may relate to a larger property than the area covered by Maverix's royalty, stream or other interest. Maverix's royalty, stream or other interests often cover less than 100% and sometimes only a portion of the publicly reported mineral reserves, mineral resources, and production of a property.
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SOURCE Maverix Metals Inc. | https://www.mysuncoast.com/prnewswire/2022/08/12/maverix-announces-second-quarter-2022-results-declares-quarterly-dividend/ | 2022-08-12T11:39:35Z |
DOVER, Del., Aug. 12, 2022 /PRNewswire/ -- Belkins Inc. has been named the winner of a Silver Stevie® Award in the Employer of the Year Worldwide - Advertising, Marketing, & Public Relations category in the seventh annual Stevie Awards for Great Employers.
In only five years, a small work-from-home startup with zero investment blossomed into a full-scale digital marketing agency producing $10M ARR. Today Belkins is the #1 B2B lead generation agency driving results for businesses in 50+ industries worldwide. A team of talented professionals empowers businesses of all sizes to grow through innovative marketing and sales solutions, technology, and by creating meaningful partnerships.
Belkins eNPS score makes 93 points, which is well above industry median scores. Due to its flexibility, trust, and human-centered approach, Belkins has fostered strong and sustainable relationships within its organization. The company's carefully tailored culture inspires employees to feel engaged and motivated to bring their best results, grow, and really enjoy their work. Since 2020 Belkins team has tripled in size, with a retention rate of 91,1%.
"We are honored to be recognized amongst the most prominent world companies and will continue to strive for excellence," says Vladislav Podolyako, Founder and CEO at Belkins.
"We always put people before numbers. I believe that through empathy and team communication, any business challenge can be overcome."
About Stevie® Awards
The Stevie® Awards is the world's premier business awards program. Stevie® recognizes outstanding performances in the workplace worldwide.
The Stevie® Awards have been presented to organizations of all types and sizes, from start-ups to Fortune 500 companies, from more than 60 nations. The organizations that have won multiple Stevie Awards include American Express, IBM, Virgin Airlines, Microsoft, Oracle, Starbucks Coffee Company, and many more.
Winners of the awards named the Stevies from the Greek word meaning "crowned" will be recognized during a gala awards dinner on Saturday, September 17, at Caesars Palace in Las Vegas.
Photo - https://mma.prnewswire.com/media/1877277/Belkins_Stevie_Awards_2022.jpg
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SOURCE Belkins.io | https://www.kxii.com/prnewswire/2022/08/12/best-employer-2022-belkins-agency-honored-silver-stevie-award-winner/ | 2022-08-12T17:08:30Z |
NEW YORK, June 21, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for NIO, UAVS, XELA, CCL, and BEKE.
To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link.
- NIO: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=NIO&prnumber=062120226
- UAVS: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=UAVS&prnumber=062120226
- XELA: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=XELA&prnumber=062120226
- CCL: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=CCL&prnumber=062120226
- BEKE: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=BEKE&prnumber=062120226
(Note: You may have to copy this link into your browser then press the [ENTER] key.)
InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street. We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.
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SOURCE InvestorsObserver | https://www.mysuncoast.com/prnewswire/2022/06/21/thinking-about-buying-stock-nio-ageagle-aerial-systems-exela-technologies-carnival-corp-or-ke-holdings/ | 2022-06-21T16:29:11Z |
BELLEVUE, Wash., April 21, 2022 /PRNewswire/ -- Boys & Girls Clubs of Bellevue (BGCB) to honor the Robert Vasen Foundation (RVF) with the Champion of Youth Award at their upcoming Gala on the evening of Saturday, April 23, 2022. The award honors the foundation's 14 years of partnership in teen services, $1 million endowment to the organization, and the legacy of Robert Vasen, a former Club member, community volunteer, and friend to so many.
Robert grew up playing basketball at the Club. He found great joy in building community there and was passionate about helping the friends he met along the way. After his life was cut short at age 20, the foundation was established to carry forward Robert's legacy of extending a hand to young people in the community.
In 2008, the Robert Vasen Foundation helped establish BGCB's BE GREAT: Graduate, an academic intervention and dropout prevention program, and has been the primary sponsor every year since. Incorporating case-management for teens in grades 6-12, the program runs throughout the school year and summer months to address academic achievement. The program has a history of positive outcomes and overall academic achievements with 100% of participants advancing to the next grade level and graduating on time.
"Over the last 14 years, we have seen how BE GREAT: Graduate has changed the lives of thousands of young people in our community," said Dave Vasen, President of the RVF. "This endowment will help ensure that this work can continue in Robert's name, forever. We are grateful to BGCB for their partnership, and to everyone who has supported the Foundation."
"The Robert Vasen Foundation is truly walking the talk as unrequited Champions of Youth since 2008," said BGCB President and CEO Tim Motts. "They have played an instrumental role in ensuring that over 4,000 teens make it to graduation day with their Club family rallying behind them. It's through partnerships like this one that make it possible for great futures despite the unprecedented challenges we face."
Next Saturday, April 23, Boys & Girls Clubs of Bellevue will celebrate over a decade of committed partnership by presenting the Robert Vasen Foundation with the Champion of Youth Award. Today's announcement is an important one as it also marks what would have been Robert Vasen's 37th birthday. The symbolic timing of the announcement serves as another way to honor Robert Vasen's legacy as BGCB carries on his spirit, values, and actions through their impactful teen programs.
For more information about the organizations, please visit:
Boys & Girls Clubs of Bellevue | bgcbellevue.org
The Robert Vasen Foundation | robertvasenfoundation.org
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SOURCE Bellevue Boys & Girls Club | https://www.wibw.com/prnewswire/2022/04/21/boys-amp-girls-clubs-bellevue-honor-14-years-partnership-with-robert-vasen-foundation-establishment-robert-vasen-endowment-youth/ | 2022-04-21T19:00:11Z |
NEW ORLEANS, July 27, 2022 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Meridian Bioscience, Inc. (NasdaqGS: VIVO) to SD Biosensor, Inc. and SJL Partners LLC. Under the terms of the proposed transaction, shareholders of Meridian will receive only $34.00 in cash for each share of Meridian that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqgs-vivo/ to learn more.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC
1100 Poydras St., Suite 3200
New Orleans, LA 70163
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SOURCE Kahn Swick & Foti, LLC | https://www.wibw.com/prnewswire/2022/07/28/meridian-bioscience-investor-alert-by-former-attorney-general-louisiana-kahn-swick-amp-foti-llc-investigates-adequacy-price-process-proposed-sale-meridian-bioscience-inc-vivo/ | 2022-07-28T03:48:58Z |
BEIJING, PARIS and STELLENBOSCH, South Africa, Sept. 5, 2022 /PRNewswire/ -- 2022 is unusual in many aspects, as expressed by Todd Stern, the former special envoy for climate change of the United States, in a recent interview. From the extreme droughts resulting in famine in the Horn of Africa to the heat waves across Europe and the flooding in Asia, 2022 shows the world what this 'code red' of climate change is like.
It is crucial to prepare today's youth to lead global climate governance in the future, as well as to engage the society as a whole in this cause, especially with a perspective focusing on the synergy between climate change and other Sustainable Development Goals (SDGs), if we are to succeed in building a sustainable net-zero future for all.
The Global Alliance of Universities on Climate (GAUC) was established in 2019 to provide leadership of global higher education efforts to address climate change. Today it consists of 15 of the world's leading universities from nine countries and across six continents. By launching the 'Climate x' Campaign, GAUC aims to offer a systematic solution to the progress of global climate governance and a concrete contribution to the success of COP27 by preparing the youth, promoting a synergetic approach, and mobilizing the multi-stakeholders.
"This is a time of enormous challenges. Our health and well-being, peace and prosperity, and nature itself are under threat. The most pressing problems confronting nations are ultimately global in nature, and they demand global solutions. The focus of the 'Climate x' campaign is an excellent example of this," said Amina J. Mohammed, the UN Deputy Secretary-General, in her address during the launch of the campaign.
The campaign, which pools the collective strength of GAUC's 15 member universities, features a three-level structure: a national program of 'Climate x' Leadership Training Pilot (the Pilot) co-initiated by Sciences Po in Paris and Tsinghua University in Beijing; a regional event of the African Regional Forum on Climate Change organized by Stellenbosch University, GAUC's only member university in Africa; and three events at the international level, namely the Global Youth Climate Week, the GAUC Climate x Summit, and the GAUC COP27 high-level event.
The youth plays a vital role
Climate change is a challenge that will cast long-lasting impact over our descendants in the future, which makes youth the backbone of the net-zero future.
Ahead of the campaign's official launch, the Pilot program enrolled and cultivated over 150 students from GAUC member universities, forming the first cohort of GAUC Global Youth Ambassadors. Those students, divided into 21 interdisciplinary and cross-culture teams, have developed innovative solutions, ranging from digital games and mobile applications to panel discussions and community engagement, which will be featured during the campaign.
Synergetic approach is essential
Climate change is closely intertwined with all the SDGs and holds transforming power over broader social and economic sectors, making a synergetic approach that integrates the realization of the Paris Agreement and the 2030 Agenda essential in building a sustainable net-zero future. Considering the trending global topics, GAUC distinguished four areas to focus the synergy with climate change in 2022, namely Sustainable & Secure Energy; Finance; Nature, Biodiversity & Food; Adaptation & Resilience.
The campaign's regional event, the African Regional Forum on Climate Change (ARF) will be a hybrid event from 5-9 September 2022, covering topics such as food and water security, disaster risk reduction, sustainable and reliable energy, and the impact of climate change on people and businesses. Leading up to the COP27, ARF aims to provide a platform for engaging multiple institutions and stakeholders in climate change science and its applied social and policy implications in Africa.
Getting the whole of society on board
The success of the cause requires getting on board society as a whole. In 2021, GAUC's Climate x Summit attracted over 1.25 million participants worldwide during the COP26. In 2022, the three-level structure of the Climate x Campaign is going to engage even more multi-stakeholders.
At the launch ceremony, GAUC extended the invitation to global organizations and institutions to co-initiate the Global Youth Climate Week. Scheduled ahead of each COP, it is a mechanism that GAUC proposed to the United Nations Framework Convention on Climate Change (UNFCCC) to coordinate the actions of the youth for more impactful contribution. Ms. Patricia Espinosa, the then Executive Secretariat of UNFCCC appraised that the proposal would provide an impactful contribution to the UNFCCC process by mobilizing and institutionalizing the efforts being made by global youth in the response to climate change.
For more information about GAUC, please visit: https://gauc.net/
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SOURCE Global Alliance of Universities on Climate | https://www.mysuncoast.com/prnewswire/2022/09/05/gauc-launches-2022-climate-x-campaign/ | 2022-09-05T14:07:30Z |
Acquisition Brings The Pulte's Platform to The Mountain West
SALT LAKE CITY, June 17, 2022 /PRNewswire/ -- The Pulte Family, known in homebuilding for Bill Pulte's experience inside of Pulte Homes and PulteGroup Inc, recently acquired interests in Salt Lake City's leading heating & air conditioning provider, One Stop Heating and Air Conditioning.
"Founder Jeff Packard's attention to detail ensures every customer is happy at One Stop. One Stop will continue to delight homeowners by taking care of their needs and implementing some of the principles of the Pulte Plan, the personal playbook of the Pulte Family's Patriarch and Pulte Homes Founder Bill Pulte (1932-2018). We carry out aspects of the Pulte Plan, just as Bill Pulte (1932-2018) did when he was alive with us and as he would wish," said Bill Pulte, CEO of Pulte Capital, former Director of PulteGroup Inc, and grandson to the Pulte Homes Founder.
"The One Stop acquisition now expands The Pulte Family Office's platform from the East Coast to the Southwest and now toward the Mountain West," said a spokesperson for The Pulte Family and The Pulte Family Office.
"We are ecstatic to be partnered with The Pulte Family and the transformational growth opportunity that the Pulte's provide. We cannot wait to offer even more customers the One Stop superior service," said Jeff Packard, CEO of One Stop.
The Pulte Family may or may not disclose its sale of these securities, and reserves the right to acquire more or dispose of said securities without notification.
William J. "Bill" Pulte founded Pulte Homes, today PulteGroup Inc, in 1950 at age 18. Over the decades, Bill Pulte built Pulte Homes into The #1 USA Homebuilder. In 2016, after retiring the first time, William J. Pulte (1932-2018) and Bill Pulte (b. 1988), his grandson, successfully turned PulteGroup Inc around, even when non-business family members supported the failed Dugas Management Team versus the Pulte Homes Founder William J. Pulte. Mr. Pulte (b. 1988) was a PulteGroup Director from 2016-2020. Bill Pulte's Twitter Philanthropy became a giant success starting in June 2019, helping thousands of people and inspiring millions of people worldwide. Even after the passing of William J. Pulte (1932-2018), their work together continues through a collection of Pulte founded organizations, including The Bill Pulte Foundation. The Pulte Family has multiple companies and investment vehicles.
See disclaimers for affiliated and unaffiliated organizations: PulteDisclaimers.com
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SOURCE The Pulte Family | https://www.mysuncoast.com/prnewswire/2022/06/17/pulte-family-acquires-interest-leading-salt-lake-city-air-conditioning-company-one-stop-heating-air-conditioning/ | 2022-06-17T22:13:01Z |
NEW YORK (AP) — New Academy Award winner and Tony Award nominee Ariana DeBose will host this year’s Tony Awards.
The “West Side Story” star will lead the presentation June 12 at New York City’s famed Radio City Music Hall live on CBS and on Paramount+ starting at 8 p.m. ET/5 p.m. PT. An hour-long pre-show will stream on Paramount+.
“After the challenging last two years, there is no one better to bring the theater community together on this important night honoring the best of Broadway and share the joys of live performing once again than this extraordinarily talented artist,” said Jack Sussman, executive vice president of specials, music, live events and alternative programming at CBS.
DeBose is a theater veteran, with roles in “Summer: The Donna Summer Musical,” “Hamilton,” “A Bronx Tale,” “Pippin,” “Motown the Musical,” “Bring It On: The Musical” and “Company.”
The ceremony will he held nine months after “Moulin Rouge! The Musical” took the best new musical crown at the last Tony Awards, one postponed because of the pandemic. That show also expanded from its typical three hours to four, with host Audra McDonald handing out Tonys for the first two hours and Leslie Odom Jr. hosting a “Broadway’s Back!” celebration for the second half with performances from the three top musicals. | https://cw33.com/entertainment-news/ap-entertainment/film-and-stage-star-ariana-debose-to-host-the-tony-awards/ | 2022-05-05T04:58:39Z |
Rock star Randy Bachman reunited with beloved stolen guitar
TOKYO (AP) — Canadian rock legend Randy Bachman’s long search came to an end Friday when he was reunited in Tokyo with a cherished guitar 45 years after it was stolen from a Toronto hotel.
“My girlfriend is right there,” said Bachman, 78, a former member of The Guess Who and Bachman-Turner Overdrive, as the Gretsch guitar on which he wrote “American Woman” and other hits was handed to him by a Japanese musician who had bought it at a Tokyo store in 2014 without knowing its history.
He said all guitars are special, but the orange 1957 Gretsch 6120 Chet Atkins he bought as a teenager was exceptional. He worked at multiple jobs to save money to buy the $400 guitar, his first purchase of an expensive instrument, he said.
“It made my whole life. It was my hammer and a tool to write songs, make music and make money,” Bachman told The Associated Press before the handover at the Canadian Embassy in Tokyo.
When it was stolen from the Toronto hotel in 1977, “I cried for three days. It was part of me,” he said. “It was very, very upsetting.” He ended up buying about 300 guitars in unsuccessful attempts to replace it, he said.
Bachman talked frequently about the missing guitar in interviews and on radio shows, and more recently on YouTube programs on which he performed with his son, Tal.
In 2020, a Canadian fan who heard the story of the guitar launched an internet search and successfully located it in Tokyo within two weeks.
The fan, William Long, used a small spot in the guitar’s wood grain visible in old images as a “digital fingerprint” and tracked the instrument down to a vintage guitar shop site in Tokyo. A further search led him to a YouTube video showing the instrument being played by a Japanese musician, TAKESHI, in December 2019.
After receiving the news from Long, Bachman contacted TAKESHI immediately, and recognized the guitar in a video chat they had.
“I was crying,” Bachman said. “The guitar almost spoke to me over the video, like, ‘Hey, I’m coming home.’”
TAKESHI agreed to give it to Bachman in exchange for one that was very similar. So Bachman searched and found the guitar’s “sister” — made during the same week, with a close serial number, no modifications and no repairs.
“To find my guitar again was a miracle, to find its twin sister was another miracle,” Bachman said.
TAKESHI said he decided to return the guitar because as a guitar player he could imagine how much Bachman missed it.
“I owned it and played it for only eight years and I’m extremely sad to return it now. But he has been feeling sad for 46 years, and it’s time for someone else to be sad,” TAKESHI said. “I felt sorry for this legend.”
He said he felt good after returning the guitar to its rightful owner, but it may take time for him to love his new Gretsch as much as that one.
“It’s a guitar, and it has a soul. So even if it has the same shape, I cannot say for sure if I can love a replacement the same way I loved this one,” he said. “There is no doubt Randy thought of me and searched hard (for the replacement), so I will gradually develop an affection for it, but it may take time.”
Bachman said he and TAKESHI are now like brothers who own guitars that are “twin sisters.” They are participating in a documentary about the guitar on which they plan to perform a song, “Lost and Found” together.
They also performed several songs at Friday’s handover, including “American Woman.”
Bachman said he will lock the guitar up in his home so he will never lose it again. “I am never ever going to take it out of my house again,” he said.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/07/01/rock-star-randy-bachman-reunited-with-beloved-stolen-guitar/ | 2022-07-01T17:25:19Z |
Musk response to Twitter lawsuit to be made public by Friday
DOVER, Del. (AP) — Elon Musk’s answer to Twitter’s lawsuit over his attempt to back out of a $44 billion deal to buy the social media company will be made public by Friday evening at the latest, a judge ruled Wednesday.
Attorneys for Musk wanted to file a public version of their answer and counterclaims in Delaware court Wednesday. But Twitter attorneys complained that they needed more time to review and potentially redact Musk’s sealed filing, saying it refers “extensively” to internal Twitter information and data given to Musk.
Chancellor Kathaleen St. Jude McCormick held a quick teleconference Wednesday before agreeing with Twitter, directing that the public filing be docketed by 5 p.m. Friday. It could be filed earlier depending on when Twitter attorneys complete their review.
Twitter attorneys argued that court rules require that five business days lapse before a public version of Musk’s filing is docketed.
“Few cases attract as much public interest as this one, and Twitter is mindful of this court’s commitment to ensuring maximum public access to its proceedings,” Twitter attorney Kevin Shannon wrote. “Twitter has no interest in proposing any more redactions to defendants’ responsive pleading than are necessary.”
Musk attorney Edward Micheletti argued that Twitter’s lawyers were misinterpreting the court rules. Musk attorneys also say there is no confidential information in Musk’s filing that should be withheld from the public.
“Twitter should not be permitted to continue burying the side of the story it does not want publicly disclosed,” Micheletti wrote.
Musk, the world’s richest man, agreed in April to buy Twitter and take it private, offering $54.20 a share and vowing to loosen the company’s policing of content and to root out fake accounts.
Twitter shares closed Wednesday at $41, well off a 52-week high of $69.81.
Musk, indicated in July that he wanted to back away from the deal, prompting Twitter to file a lawsuit to hold him to the “seller-friendly” agreement.
Musk says Twitter has failed to provide him enough information about the number of fake accounts on its service. Twitter argues that Musk, CEO of electric car maker and solar energy company Tesla Inc., is deliberately trying to tank the deal because market conditions have deteriorated and the acquisition no longer serves his interests.
Either Musk or Twitter would be entitled to a $1 billion breakup fee if the other party is found responsible for the agreement failing. Twitter wants more, however, and is seeking a court order of “specific performance” directing Musk to follow through with the deal.
Copyright 2022 The Associated Press. All rights reserved. | https://www.kxii.com/2022/08/04/musk-response-twitter-lawsuit-be-made-public-by-friday/ | 2022-08-04T01:16:27Z |
French beans recalled for listeria risk
Published: Apr. 25, 2022 at 10:19 AM CDT|Updated: 1 hour ago
(CNN) - The U.S. Food and Drug Administration is reporting a recall because of a potential listeria contamination.
The recalled products are one-pound packages of Hippie Organics French beans.
Listeria can cause serious and sometimes fatal infections.
The company Alpine Fresh, located in Doral, Florida, voluntarily issued the recall isolated to one lot.
The beans are in clear plastic packages marked with lot number 313-626 on the back.
No illnesses linked to the beans have been reported.
The company says it is taking corrective action to prevent this from happening again.
Customers can return the product for a full refund.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.wibw.com/2022/04/25/french-beans-recalled-listeria-risk/ | 2022-04-25T16:36:33Z |
NEW YORK (AP) — A second book by “Hillbilly Elegy” author and U.S. Senate candidate JD Vance that had been under contract with Harper has been called off, the publisher told The Associated Press Thursday.
The book, currently listed on Amazon.com and until recently on the HarperCollins Publishers web site, is called “A Relevant Faith: Searching for a Meaningful American Christianity.” The imprint Harper never formally announced the book, listed at 320 pages and with different release dates on different sites, but did confirm a deal had been agreed upon.
“Harper and Mr. Vance mutually agreed some time ago not to move forward with the previously-contracted book,” a spokesperson told the AP. The publisher declined to say when the book was dropped, or why.
Vance converted to Catholicism in 2019, saying at the time that he had grown up without a strong attachment to any branch of Christianity, but “became persuaded over time that Catholicism was true.”
A spokesperson for Vance did not immediately respond Thursday to a request for comment, including whether Vance might release the book through a different publisher.
Vance, who prevailed this week in a bitter Republican primary for the U.S. Senate in Ohio, became a national celebrity with the best-selling “Hillbilly Elegy.” His memoir about growing up in the struggling Ohio steel mill city of Middletown and his roots in Appalachian Kentucky was signed up by Harper in 2013 and published months before Donald Trump’s stunning victory in 2016. But during and after the election, it was sought by those who wondered about Trump’s appeal to rural communities that once voted Democratic.
In 2020, “Hillbilly Elegy” was made into an Oscar nominated movie directed by Ron Howard and starring Amy Adams and Glenn Close.
Vance had been a sharp critic of Trump, but shifted his views and was endorsed during the primary by the former president. He will face Democrat Tim Ryan, a 10-term congressman, in the general election race to fill the seat being vacated by retiring Republican Sen. Rob Portman. | https://cw33.com/entertainment-news/ap-entertainment/a-second-jd-vance-book-falls-through-publisher-says/ | 2022-05-05T22:49:27Z |
ARTISTS JOIN BAD BUNNY, TYLER THE CREATOR, LIL UZI VERT, JAZMINE SULLIVAN, BURNA BOY, SNOH AALEGRA, KODAK BLACK, PUSHA T, TATE MCRAE, FUERZA REGIDA, TORO Y MOI, LARRY JUNE, BABYFACE RAY, KEY GLOCK, RELS B, VICTORIA MONÉT, CHIMBALA, RYAN CASTRO, GLORILLA, ZAH SOSAA, AMBRÉ, KUR, KALAN FR. FR., DIXSON, BECCA HANNA ALSO HITTING THE STAGES ON BENJAMIN FRANKLIN PARKWAY, LABOR DAY WEEKEND 2022
NEW YORK, Aug. 12, 2022 /PRNewswire/ --
What:
The innovative JAY-Z curated two-day music festival and a staple of Labor Day Weekend, Made In America, returns next month for the 10th year of performances. The incredible lineup is full of top luminaries and emerging talent in the music industry that will make for an unforgettable weekend.
Since launching in 2012, the festival has hosted the top performers in the industry while making a positive impact on the City of Brotherly Love by generating over $150 million in economic impact since the inaugural two-day concert began in 2012. This year, Cause Village powered by SHEIN, will boast local philanthropic organizations that continue to spotlight an array of causes ranging from animal welfare, arts & culture, criminal & social justice reform, education, environmental conservation, health & wellness, and voter rights, and more.
Who:
Armani White, Coast Contra, Young Nudy, Jeleel!, Jenevieve, and Kenny Mason join headliners Bad Bunny and Tyler The Creator and performances from Lil Uzi Vert, Jazmine Sullivan, Burna Boy, Snoh Aalegra, Kodak Black, Pusha T, Tate McRae, Fuerza Regida, Toro Y Moi, Larry June, Babyface Ray, Key Glock, Rels B, Victoria Monét, Chimbala, Ryan Castro, GloRilla, Zah Sosaa, Ambré, Kur, Kalan Fr.Fr.,Dixson, Becca Hanna
When:
Saturday, September 3, 2022
Sunday, September 4, 2022
Where:
Benjamin Franklin Parkway in Philadelphia, PA
Ticket Purchase:
To purchase tickets for Made In America visit https://madeinamerica.frontgatetickets.com/event/2j8jwpr3sonyytsj
Media Contacts: press@madeinamericfest.com
Media can apply for press credentials here: https://forms.gle/jQe4ZQa3gznzmf6s8
For the latest on the "Made In America" Festival, visit www.madeinamericafest.com
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SOURCE Made In America | https://www.kxii.com/prnewswire/2022/08/12/armani-white-coast-contra-young-nudy-jeleel-jenevieve-amp-kenny-mason-added-lineup-2022-made-america-festival-sept-3-amp-4/ | 2022-08-12T21:42:24Z |
NEW YORK, July 13, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Inotiv, Inc. ("Inotiv" or the "Company") (NASDAQ: NOTV). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Inotiv and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On May 20, 2022, Inotiv disclosed in a filing with the U.S. Securities and Exchange Commission that "[o]n May 18, 2022, the U.S. Department of Justice ('DOJ'), together with federal and state law enforcement agents, executed a search and seizure warrant on" a Cumberland, Virginia facility of Inotiv's subsidiary Envigo RMS, LLC ("Envigo"). Inotiv further disclosed that "[o]n May 19, 2022, a complaint was filed against Envigo in the U.S. District Court for the Western District of Virginia. The complaint is a civil action by DOJ alleging violations of the Animal Welfare Act at the Cumberland, Virginia facility. The complaint seeks declaratory and injunctive relief and costs."
On this news, Inotiv's stock price fell $5.19 per share, or 28.31%, to close at $13.14 per share on May 23, 2022.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP | https://www.kxii.com/prnewswire/2022/07/13/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-inotiv-inc-notv/ | 2022-07-13T20:43:09Z |
-- Phase 3 RAPID study reached the target of 180 confirmed PSVT events treated with double-blind study medication required to initiate primary efficacy analysis; topline data readout for RAPID study remains on track for mid-second half 2022
-- Phase 3 PSVT study initiated in China
MONTREAL and CHARLOTTE, N.C., Aug. 10, 2022 /PRNewswire/ -- Milestone Pharmaceuticals Inc. (Nasdaq: MIST), a biopharmaceutical company focused on the development and commercialization of innovative cardiovascular medicines, today reported financial results for the second quarter ended June 30, 2022, and provided a clinical and corporate update.
"Progress continues across our Phase 3 PSVT clinical program. Notably with the recent crossing of the 180th event in the RAPID trial, we now focus on the final stages of data cleaning and analysis and look forward to reporting top line data in the middle of the second half of this year," said Joseph Oliveto, President and Chief Executive Officer of Milestone Pharmaceuticals.
Recent Updates
- Achieved Required Number of PSVT Events Treated with Double Blind Study Medication to Initiate Preparation for the Primary Efficacy Analysis for RAPID Trial; Company Remains on Track to Report RAPID Topline Data in Mid-Second Half 2022. In July 2022, the RAPID trial, in which patients are randomized 1:1 to receive either etripamil or placebo, reached the pre-specified target of 180 confirmed PSVT events, adjudicated by a blinded, independent expert committee, required for the primary efficacy analysis. Data from RAPID is now in the process of being cleaned, verified, and analyzed, and the Company continues to expect to unblind RAPID results and report topline data in the middle of the second half of 2022. The primary efficacy analysis for the RAPID trial and the post hoc analysis of the NODE-301 trial will be time to conversion of supraventricular tachycardia (SVT) over the first 30 minutes following initial study drug administration. The RAPID and NODE-301 trials could potentially serve to fulfill the efficacy requirement for a future New Drug Application submission to the United States Food and Drug Administration for etripamil in patients with PSVT.
- Milestone's Partner, Ji Xing Pharmaceuticals Limited, Enrolled First Patient in Phase 3 Study of Etripamil in China. In July 2022, Milestone's partner, Ji Xing Pharmaceuticals Limited (Ji Xing), announced that it enrolled its first patient in its Phase 3 study of etripamil for the treatment of PSVT in China. The study is designed to evaluate the efficacy and safety of self-administered etripamil nasal spray as a treatment for PSVT with the eventual goal of generating clinical data potentially supportive of a new drug application in China. In May 2021, Milestone and Ji Xing entered into an exclusive license agreement to develop and commercialize etripamil for PSVT in Greater China.
- Data from Phase 3 NODE-302 Open-Label Extension Study of Etripamil for the Treatment of PSVT Presented at Heart Rhythm 2022. In April 2022, data from NODE-302, Milestone's Phase 3 open-label extension of the NODE-301 study evaluating a single, 70 mg dose of self-administered, intranasal etripamil in patients with PSVT, was presented at the Heart Rhythm Society's Heart Rhythm 2022 conference. The data demonstrated the potential for patients to self-treat recurrent SVT episodes with etripamil. Of 188 positively-adjudicated episodes observed in the trial, the PSVT conversion rate at 30 minutes following etripamil administration was 60.2%, and the need for emergency department (ED) intervention to terminate a PSVT episode was low (13% of patients and 8.5% of positively adjudicated PSVT episodes). Etripamil was generally well-tolerated, with adverse events (AEs) consistent with those observed in previous trials and largely confined to local and brief nasal AEs at the administration site. A copy of the presentation is available on request from Milestone Pharmaceuticals.
- Hosted Virtual KOL Event on Etripamil for the Treatment of PSVT. In April 2022, Milestone hosted a virtual Key Opinion Leader (KOL) event focused on etripamil for the possible treatment of PSVT. Members of management were joined by Bruce Stambler, M.D., FHRS, Director of Cardiac Arrhythmia Research and Education, Piedmont Heart Institute, Atlanta, GA, and Sean Pokorney, M.D., MBA, Director of the Arrhythmia Core Laboratory, Duke Clinical Research Institute, Assistant Professor of Medicine, Duke University School of Medicine, Durham, NC. The event featured an overview of PSVT, including disease prevalence, the current treatment landscape, patient and healthcare system burdens and a discussion of the potential commercial opportunity. A recording of the event is currently available under the News & Events of Milestone's website at www.milestonepharma.com.
- New Clinical Analysis Evaluating the Drug Characteristics and Safety of Etripamil Presented at the American College of Cardiology (ACC) 71st Annual Scientific Session and Expo. In April 2022, new analyses on the safety, tolerability, pharmacokinetics, and pharmacodynamics of etripamil in healthy Japanese and non-Japanese adults was presented at the ACC 71st Annual Scientific Session and Expo. The data demonstrate a comparable safety and tolerability profile in both Japanese and non-Japanese male and female adults, indicating no ethnic differences, and treatment-related AEs consistent with the safety and tolerability profile of etripamil seen to date. A copy of the presentation is available in the Publications section of the Milestone Pharmaceuticals website.
Second Quarter 2022 Financial Results
- As of June 30, 2022, Milestone had cash, cash equivalents, and short-term investments of $86.2 million and 29.9 million common shares and 12.3 million common shares issuable upon exercise of pre-funded warrants outstanding.
- Research and development (R&D) expense for the second quarter of 2022 was $10.7 million, compared with $9.4 million for the prior year period. The difference is primarily the result of an increase in clinical personnel related costs, clinical consulting fees and contract research organization (CRO) costs due to advancing the RAPID Phase 3 efficacy and safety trial in etripamil for the treatment of PSVT. For the six months ended June 30, 2022, R&D expense was $19.4 million compared with $18.0 million for the prior year period. The $1.4 million increase in R&D expense in the six months ended June 30, 2022 is the result of clinical personnel related costs, clinical consulting fees and CRO costs due to advancing the RAPID Phase 3 efficacy and safety trial in etripamil for the treatment of PSVT. These increases were offset by lower drug formulation and manufacturing costs. Additionally, regulatory costs increased primarily due to personnel-related costs.
- General and administrative (G&A) expense for the second quarter of 2022 was $3.9 million, compared with $3.0 million for the prior year period. The difference is primarily the result of an increase in personnel-related costs and consulting fees for general and administrative expenses. For the six months ended June 30, 2022, G&A expense was $7.6 million compared with $5.7 million for the prior year period. The $1.9 million increase in G&A expense in the six months ended June 30, 2022 is primarily the result of personnel-related costs and consulting fees for general and administrative expenses.
- Commercial expense for the second quarter of 2022 was $2.2 million, compared with $1.8 million for the prior year period. The difference is primarily the result of an increase in consulting and marketing analytics. For the six months ended June 30, 2022, commercial expense was $3.9 million compared with $3.2 million for the prior year period. The $0.7 million increase in commercial expense in the six months ended June 30, 2022 is the result of personnel-related costs.
- For the second quarter of 2022, operating loss was $16.8 million, compared to operating income of $0.7 million for the prior year period. For the six months ended June 30, 2022, Milestone's operating loss was $30.9 million, compared to $11.9 million in the prior year period. Included in the operating income for the second quarter of 2021 and operating loss for the six months ended June 30, 2021 was primarily the one-time upfront payment of $15.0 million, recognized as revenue, generated from Milestone's License Agreement with Ji Xing.
About Paroxysmal Supraventricular Tachycardia
Paroxysmal supraventricular tachycardia (PSVT) is a condition characterized by intermittent episodes of a rapid heartbeat that starts and stops suddenly that affects approximately two million Americans. Episodes of supraventricular tachycardia (SVT) are often associated with symptoms including palpitations, sweating, chest pressure or pain, shortness of breath, sudden onset of fatigue, lightheadedness or dizziness, fainting, and anxiety. Certain intravenous medications, including adenosine, beta-blockers and calcium channel blockers, have long been used for the acute treatment of PSVT. However, these medications must be administered under medical supervision, usually in an emergency department or other acute care setting.
About Atrial Fibrillation with Rapid Ventricular Rate
Atrial fibrillation (AFib) is a common arrhythmia marked by an irregular and often rapid heartbeat. AFib is estimated to affect five million patients in the United States, a prevalence projected by the Centers for Disease Control to increase to twelve million patients within the next 10 years. Atrial fibrillation with rapid ventricular rate (AFib-RVR) is a condition that some patients with AFib experience and includes episodes of abnormally high heart rate, often with symptoms such as palpitations, shortness of breath, dizziness and weakness. Oral calcium channel blockers and/or beta blockers are commonly used to reduce the heart rate in this condition. When AFib-RVR occurs, symptoms often cause patients to seek acute care in the emergency department, where standard-of-care procedures include intravenous administration of calcium channel blockers or beta blockers under medical supervision. Milestone's market research indicates that 30-40% of patients with AFib experience one or more symptomatic episodes of RVR per year that require treatment, suggesting a target addressable market of approximately three to four million patients in 2030 for etripamil in patients with AFib.
About Etripamil
Etripamil, a new chemical identity being Milestone's lead investigational product, is a novel calcium channel blocker designed to be a rapid-response therapy for episodic cardiovascular conditions. As a nasal spray that is self-administered by the patient, etripamil has the potential to shift the current treatment experience for many patients from the emergency department to a medically-unsupervised setting. Milestone is conducting a comprehensive development program for etripamil, with Phase 3 trials ongoing in paroxysmal supraventricular tachycardia (PSVT) and a Phase 2 proof-of-concept trial underway in patients with atrial fibrillation with rapid ventricular rate (AFib-RVR).
About Milestone Pharmaceuticals
Milestone Pharmaceuticals Inc. (Nasdaq: MIST), is a biopharmaceutical company focused on the development and commercialization of innovative cardiovascular medicines. Milestone's lead product candidate etripamil is currently in a Phase 3 clinical-stage program for the treatment of paroxysmal supraventricular tachycardia (PSVT) and in a Phase 2 proof-of-concept trial for the treatment of patients with atrial fibrillation with rapid ventricular rate (AFib-RVR). Milestone Pharmaceuticals operates in Canada and the United States. For more information, visit www.milestonepharma.com and follow Milestone on Twitter at @MilestonePharma.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "will," "expect," "continue," "estimate," "potential," "progress" and similar expressions (as well as other words or expressions referencing future events, conditions or circumstances) are intended to identify forward-looking statements. These forward-looking statements are based on Milestone's expectations and assumptions as of the date of this press release. Each of these forward-looking statements involves risks and uncertainties. Actual results may differ materially from these forward-looking statements. Forward-looking statements contained in this press release include statements regarding the potential of etripamil to serve as a promising therapy for PSVT patients, the design, progress, timing, scope and results of the RAPID and ReVeRA trials; Milestone's ability to execute on the remainder of the PSVT program; the timing of release of unblind RAPID results and topline data with respect to the Company's RAPID trial; Milestone's ongoing plans to study etripamil in atrial fibrillation patients, the sufficiency of Milestone's current cash resources to support its operations, and estimates about the addressable market and commercial potential for treatments of atrial fibrillation with rapid ventricular rate. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, the risks inherent in biopharmaceutical product development and clinical trials, including the lengthy and uncertain regulatory approval process; uncertainties related to the timing of initiation, enrollment, completion and evaluation of clinical trials; risks and uncertainty related to the complexity inherent in cleaning, verifying and analyzing trial data; and whether the clinical trials will validate the safety and efficacy of etripamil for PSVT or other indications, among others, as well as risks related to pandemics and public health emergencies, including those related to the ongoing COVID-19 pandemic, and risks related the sufficiency of Milestone's capital resources and its ability to raise additional capital. These and other risks are set forth in Milestone's filings with the U.S. Securities and Exchange Commission, including in its annual report on Form 10-K for the year ended December 31, 2021, under the caption "Risk Factors," as such discussion may be updated from time to time by subsequent filings we may make with the U.S. Securities & Exchange Commission. Except as required by law, Milestone assumes no obligation to update any forward-looking statements contained herein to reflect any change in expectations, even as new information becomes available.
Contact:
David Pitts
Argot Partners
212-600-1902
david@argotpartners.com
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SOURCE Milestone Pharmaceuticals, Inc. | https://www.mysuncoast.com/prnewswire/2022/08/10/milestone-pharmaceuticals-reports-second-quarter-2022-financial-results-provides-clinical-corporate-update/ | 2022-08-10T21:40:18Z |
NASHVILLE, Tenn., Aug. 4, 2022 /PRNewswire/ -- Newport Healthcare, a national network of evidence-based treatment programs for teens and young adults with primary mental health disorders, will take the stage at this week's international APA 2022 Convention held in Minneapolis, Minn. The Convention brings together more than 5,000 practitioners, researchers, educators, and applied psychologists from around the world to share transformative ideas and explore the most compelling issues in psychology.
Running from August 4-6, the APA (American Psychological Association) Convention will include a total of seven presentations by Newport Healthcare clinicians and researchers. Among the topics:
- Presidential Symposium: How the Digital World Potentially Reinforces Insecure Attachment in Relationships with Don Grant, PhD, MFA, MA, SUDCC IV, DAC, 1st Author, President of APA Division 46, Co-Chair of the APA (Div. 46) Device Management and Intelligence Committee, Executive Director of Outpatient Services for Newport Healthcare and Barbara Nosal, PhD, LMFT, LADC, Chief Clinical Officer for Newport Healthcare. Drs. Grant and Nosal will explore the positive and potentially negative effects of technology/device use, and how our attachment to them may be creating unhealthy developmental and attachment bonds with our children and families.
- Recommended Guidelines for Ethical, Safe, and Successful Professional Online Engagement with Dr. Grant and Joanne Broder, PhD, Co-Chair of the APA (Div. 46) Device Management and Intelligence Committee. The presentation will provide digital engagement education and APA (Div. 46)–recommended guidelines for professionals, as well as suggestions for online safety.
- Inpatient and Residential Research—Methodological and Clinical Challenges and Opportunities with Newport consultant Guy S. Diamond, PhD, Drexel University researcher and co-model developer of Attachment-Based Family Therapy (ABFT). Dr. Diamond and other experts will discuss the unique research challenges and opportunities of working with individuals in inpatient and residential psychiatric systems who struggle with mental health disorders. Dr. Diamond will also discuss using ABFT in Newport Healthcare's residential treatment.
Additionally, Newport Healthcare's thought leaders will facilitate four engaging discussions in the APA Exchange, a collaborative setting for industry experts and convention attendees to come together to discuss challenges within the profession of psychology. Topics include:
- The Brain Opioid Theory of Social Attachment: Implications for Opioid Use Disorders with Michael Roeske, PsyD, Senior Director of the Newport Healthcare Center for Research and Innovation. Dr. Roeske will hold two sessions to discuss the Brain Opioid Theory of Social Attachment and its significant implications for the social and economic response to the opioid epidemic, as well as for those with opioid use disorders.
- Attachment-Based Family Therapy (ABFT) and LGBTQIA2+ Clients with Dr. Nosal. In this Exchange, Dr. Nosal will discuss how, grounded in attachment and family systems theories, ABFT has the potential to increase acceptance of young adults' same-sex orientation or non-cisgender identity. This discussion will center around how the ABFT framework can be used to improve attachment within an LGBTQIA2+ client's family system.
Newport Healthcare is a proud corporate sponsor of the APA and partners with mental healthcare organizations and professionals around the country to further the shared mission of supporting young people and families' access to care and sustainable healing.
The location of this year's APA Convention, Minnesota, coincides with Newport's opening of three new treatment programs in the state: a residential treatment program for teens with mental health issues, a PHP/IOP, and a young adult residential program. Visit NewportHealthcare.com for more information about treatment locations, affordability/accessibility, outcomes research, and more.
Newport Healthcare, including Newport Academy, Newport Institute, Center for Families, and the Center for Research and Innovation, provides evidence-based healing centers for teens, young adults, and families struggling with primary mental health issues. Newport offers a family-systems approach with individualized, integrated programs that combine clinical and experiential therapies with academic or career support. Newport's nationwide residential and outpatient treatment programs bring teens and young adults from self-destruction to self-esteem, addressing the underlying causes of high-risk behavior from a foundation of compassionate care, clinical expertise, and unconditional love. With a commitment to advocacy, Newport is creating a movement to shift our mental health culture from awareness to action, with the primary mission to empower lives and restore families.
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SOURCE Newport Healthcare | https://www.kxii.com/prnewswire/2022/08/04/newport-healthcare-takes-stage-apa-2022-convention/ | 2022-08-04T15:45:12Z |
Rhodes College-Austin College Highlights
Published: Sep. 10, 2022 at 11:03 PM CDT|Updated: 6 minutes ago
Rhodes College-Austin College Highlights
Copyright 2022 KXII. All rights reserved.
Rhodes College-Austin College Highlights
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/09/11/rhodes-college-austin-college-highlights/ | 2022-09-11T04:11:42Z |
NEW YORK, July 28, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AMD, META, NVDA, TDOC, and CMCSA.
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SOURCE InvestorsObserver | https://www.wibw.com/prnewswire/2022/07/28/thinking-about-trading-options-or-stock-advanced-micro-devices-meta-platforms-nvidia-teladoc-health-or-comcast/ | 2022-07-28T16:08:42Z |
OMAHA, Neb. (AP) — The last team to get into the NCAA baseball tournament was the last team standing.
Mississippi scored twice on wild pitches in a three-run eighth inning and the Rebels won their first national baseball title, sweeping Oklahoma in the College World Series finals with a 4-2 victory Sunday.
The Rebels (42-23) became the eighth national champion since 2009 to come out of the Southeastern Conference and third straight, and the trophy will stay in the Magnolia State for another year. Mississippi State won last year.
“There is so much to be said for how much we overcame this year, how much we had to fight through, how much we had to pick each other up and never let ourselves get down,” team captain Tim Elko said. “The story of our season is going to be told for year and years to come.”
Ole Miss benefited from a runner-interference call that took a run away from Oklahoma (45-24) in the sixth inning. The Rebels also overcame a spectacular pitching performance by Cade Horton, who set a CWS finals record with 13 strikeouts.
Brandon Johnson struck out the side in a 1-2-3 ninth inning to set off a celebration on the field and in the stands where the majority of the 25,972 were Rebels fans dressed in Ole Miss powder blue. Catcher Hayden Dunhurst ran to the mound to embrace and then tackle Johnson after Sebastian Orduno swung and missed on the final pitch.
It was an improbable journey for the Rebels and 22nd-year coach Mike Bianco, who was under fire when his team sat at 22-17 overall and 7-14 in SEC play on May 1.
“I think they’ve showed a lot of people that you can fall down, you can stumble and you can fail, but that doesn’t mean you’re a failure,” Bianco said. “If you continue to work hard, you continue to push and you continue to believe, you can accomplish anything. That’s not some poster or some tweet to motivate you. We’ve all heard that. These guys have lived that this season.”
Ole Miss beat out North Carolina State for the final at-large bid and had to go on the road for regionals and super regionals. The Rebels finished the season on a 20-6 run, including 10-1 in the national tournament.
Their only loss at the CWS was 3-2 to Arkansas on Wednesday. The next day, Dylan DeLucia pitched a four-hit shutout to beat the Razorbacks and send the Rebels to the finals. DeLucia was named CWS Most Outstanding Player after allowing one earned run, striking out 17 and walking none in 16 2/3 innings.
Ole Miss, which won the CWS finals opener 10-3, was down 2-1 going into the eighth inning Sunday. Trevin Michael relieved Horton with one out, and Jacob Gonzalez singled through the right side to drive in the tying run.
“Kind of knew we were going to start the scoring in the eighth or ninth,” said Gonzalez, 3 for 23 in the CWS before singling twice and homering Sunday. “That’s how we are. We’re going to put the pressure on. We’re not going to strike out and sit down. Luckily, I got a hit and I finally got to help the team out this week.”
Michael (4-2) then uncorked the wild pitches that brought in Justin Bench for the go-ahead run and another to bring in Gonzalez. On the first one, catcher Jimmy Crooks got crossed up on a breaking ball. On the second, Michael’s low pitch got under Crooks’ glove.
“I wouldn’t want anybody behind the plate other than Jimmy Crooks or Trevin to close the game,” OU coach Skip Johnson said.
Ole Miss starter Hunter Elliott scattered three hits while allowing two runs in 6 1/3 innings. Mason Nichols and John Gaddis (4-2) got the game to Johnson in the ninth.
Horton allowed four hits and walked none during a sterling 107-pitch performance.
“We made it here, and we accomplished a lot this year,” said Horton, a projected first-round pick next month in the Major League Baseball draft. “But we’ll be back. I know that because this team laid the foundation for the future of Oklahoma baseball.”
Oklahoma appeared to have taken a 1-0 lead in the sixth but had the run taken down when John Spikerman, who put down a squeeze bunt, was called for runner’s interference for impeding Elko at first base as he tried to catch Elliott’s throw.
Jackson Nicklaus had been hit by Elliott leading off the inning and was on third after a sacrifice and wild pitch. He came home on Spikerman’s bunt, but Bianco asked for a video review when Spikerman was called safe at first.
Bianco said he rarely looks at replays on the scoreboard, but did this time. He said he thought Spikerman was out of the running lane and came onto the field to request the video review.
“Credit goes to the scoreboard guy,” Bianco said.
Spikerman knocked off Elko’s glove as he ran through first, with the ball ending up in foul territory. The call was overturned, with Spikerman ruled to have been inside the base line as he ran through the bag, requiring Nicklaus to return to third base.
Johnson questioned whether Bianco made his request within 30 seconds after the play ended, as required by the rules. He didn’t dispute the final ruling. He just didn’t like how it came about.
“If we mess with the fabric of the game by getting computer umpires,” he said, “I think I’ll just go fishing.”
___
More AP college sports: https://apnews.com/hub/college-sports and https://twitter.com/AP_Top25 | https://cw33.com/sports/ap-sports/mississippi-wins-first-cws-title-sweeping-oklahoma/ | 2022-06-27T19:03:06Z |
HOUSTON, June 7, 2022 /PRNewswire/ -- Venus Aerospace, a startup developing hypersonic aircraft, introduced the "Stargazer™", the company's first conceptual vehicle design, at the Up.Summit in Bentonville, Arkansas.
The Venus Vehicle Engineering Team has been working on this iteration since the company's founding in 2020. Backed by leading Venture Capitalists and with $1M in government funding, Venus has since raised over $33M to build a Mach 9 hypersonic drone and Mach 9 spaceplane, both capable of one-hour global travel.
Venus has a dedicated and experienced team of aerospace, military and research and development veterans who are pushing the boundaries of high-speed transportation. Venus recently announced its $20M Series A, led by Prime Movers Lab. The team is maturing its three main technologies: a zero-emission next-generation rocket engine, innovative aircraft shape and leading-edge cooling, which allows the spaceplane to take off from existing spaceports, using existing infrastructure.
Over the last year, Venus has scaled fast. Venus designed and built its tech demonstration engine, executed key experiments at hypersonic wind tunnels and propulsion test facilities throughout the U.S., and started a ground test campaign at Spaceport Houston. Over the next year Venus will start subsonic and supersonic flight testing of a scaled drone.
About Venus Aerospace
Venus Aerospace is an early stage, deep tech company. Founded by Sarah "Sassie" Duggleby and Dr. Andrew Duggleby, Venus aims to develop a Mach 9 hypersonic aircraft that will fly passengers around the world and back home in time for dinner. For more information, head to our website, https://www.venusaero.com/.
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SOURCE Venus Aerospace | https://www.mysuncoast.com/prnewswire/2022/06/07/venus-aerospace-unveils-stargazer-its-mach-9-hypersonic-spaceplane/ | 2022-06-07T20:55:20Z |
Third Quarter
- Net revenue of $315.5 million, up $12.1 million or 4.0% year-over-year
- GAAP operating margin of 12.9%, up 110 bps year-over-year
- Non-GAAP operating margin of 21.5%, up 130 bps year-over-year
- GAAP EPS of $0.08, up $0.01 or 14.3% year-over-year
- Non-GAAP EPS of $0.22, up $0.04 or 22.2% year-over-year
SCOTTSDALE, Ariz., May 3, 2022 /PRNewswire/ -- VIAVI (NASDAQ: VIAV) today reported results for its third fiscal quarter ended April 2, 2022.
Third quarter of fiscal 2022 net revenue was $315.5 million. GAAP net income was $19.2 million, or $0.08 per share. Non-GAAP net income was $52.0 million, or $0.22 per share.
Second quarter of fiscal 2022 net revenue was $314.8 million. GAAP net income was $34.6 million or $0.14 per share. Non-GAAP net income was $59.3 million, or $0.24 per share.
Third quarter of fiscal 2021 net revenue was $303.4 million. GAAP net income was $17.2 million, or $0.07 per share. Non-GAAP net income was $42.3 million, or $0.18 per share.
"In fiscal Q3, VIAVI achieved new highs in revenue and non-GAAP operating profit for a March quarter. Business strength was led by Fiber and Wireless products with Anti-Counterfeiting and 3D Sensing products demand recovering from the December quarter," said Oleg Khaykin, VIAVI's President and Chief Executive Officer. "Revenue came in at $315.5 million, up 4.0% year-over-year, exceeding our guidance range of $301 to $315 million."
Khaykin added, "As we look ahead, we expect fiscal 2022 to be another record year for revenue and profitability. We also continue to execute well on our plan to improve our capital structure to enable us to achieve financial flexibility. During fiscal Q3, we redeemed an additional $50.0 million in convertible notes which brings us to a cumulative principal retirement of 54% in fiscal 2022."
Financial Overview:
The tables below (in millions, except percentage, and per share data) provide comparisons of quarterly results to prior periods, including sequential quarterly and year-over-year changes. A full reconciliation between the GAAP and non-GAAP measures included in the tables is contained in this release under the section titled "Use of Non-GAAP (Adjusted) Financial Measures."
Third Quarter Ended April 2, 2022
- Americas, Asia-Pacific and EMEA customers represented 34.5%, 36.3% and 29.2%, respectively, of total net revenue for the quarter ended April 2, 2022.
- As of April 2, 2022, the Company held $596.0 million in total cash, short-term restricted cash and short-term investments.
- As of April 2, 2022, the Company had $227.0 million aggregate principal amount of 1.00% Senior Convertible Notes, $87.4 million aggregate principal amount of 1.75% Senior Convertible Notes and $400 million aggregate principal amount of 3.75% Senior Notes with a total net carrying value of $706.4 million classified as long-term debt.
- During the fiscal quarter ended April 2, 2022, the Company generated $28.9 million of cash from operations.
Business Outlook for the Fourth Quarter of Fiscal 2022
For the fourth quarter of fiscal 2022 ending July 2, 2022, the Company expects net revenue to be between $315 million to $329 million and non-GAAP earnings per share to be between $0.22 to $0.24.
With respect to our expectations above, the Company has not reconciled non-GAAP net income per share to GAAP net income (loss) per share in this press release because it is unable to provide a meaningful or accurate estimate of certain reconciling items described in the "Use of Non-GAAP (Adjusted) Financial Measures" section below and the information is not available without unreasonable effort as a result of the inherent difficulty of forecasting the timing and/or amounts of certain items, including certain charges related to restructuring, acquisition, integration and related charges. In addition, the Company believes such reconciliations would imply a degree of precision that may be confusing or misleading to investors.
Conference Call
The Company will discuss these results and other related matters at 1:30 p.m. Pacific Time on May 3, 2022 in a live webcast, which will also be archived for replay on the Company's website at https://investor.viavisolutions.com. The Company will post supplementary slides outlining the Company's latest financial results on https://investor.viavisolutions.com under the "Quarterly Results" section concurrently with this earnings press release. This press release is being furnished as a Current Report on Form 8-K with the Securities and Exchange Commission, and will be available at www.sec.gov.
About VIAVI Solutions
VIAVI (NASDAQ: VIAV) is a global provider of network test, monitoring and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. We help these customers harness the power of instruments, automation, intelligence and virtualization to Command the network. VIAVI is also a leader in light management solutions for 3D sensing, anti-counterfeiting, consumer electronics, industrial, automotive and defense applications. Learn more about VIAVI at https://www.viavisolutions.com. Follow us on VIAVI Perspectives, LinkedIn, Twitter, YouTube and Facebook.
Forward-Looking Statements
This press release contains 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. These statements include any expectation, anticipation or guidance as to future financial performance, including future revenue, gross margin, operating expense, operating margin, profitability targets, cash flow and other financial metrics, as well as the impact and duration of certain trends and market position and conditions. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. In particular, the Company's ability to predict future financial performance continues to be difficult due to, among other things: (a) continuing general limited visibility across many of our product lines; (b) quarter-over-quarter product mix fluctuations, which can materially impact profitability measures due to the broad gross margin ranges across our portfolio; (c) consolidations in our customer base; (d) unforeseen changes in the demand for current and new products, technologies, services, delays or unforeseen events in the roll-out of new industry platforms such as 5G or evolving technology such as 3D sensing and customer purchasing delays as they assess or transition to such new technologies and/or architectures, all of which limit near-term demand visibility, and could negatively impact potential revenue; (e) continued decline of average selling prices across our businesses; (f) notable seasonality and a significant level of in-quarter book-and-ship business; (g) various product and manufacturing transfers, site consolidations, product discontinuances and restructuring and workforce reduction plans; (h) challenges integrating the businesses the Company has acquired and realizing all of the expected benefits and savings; (i) supply chain and materials constraints and the ability of our suppliers and contract manufacturers to meet production and delivery requirements to our forecasted demand; (j) potential disruptions or delays to our manufacturing and operations due to climate conditions and natural disasters in the regions where we operate, such as wildfires, drought conditions and related water shortages in Arizona, as well as wildfires in Northern California and related blackouts and power outages in that region; (k) the uncertain and ongoing impact to our supply chain of military conflicts, such as the escalating conflict between Russia and Ukraine, tariffs, sanctions and other trade measures imposed by domestic and foreign governments and the possibility of escalation of "trade wars," cyber-attacks, and retaliatory measures; (l) the impact of infectious disease outbreaks, epidemics, and pandemics including the ongoing effects of the COVID-19 global pandemic on our financial results, revenues, customer demand, business operations and manufacturing and on the business operations of our customers, contract manufacturers and suppliers; and (m) inherent uncertainty related to global markets, including inflationary pressures, recessions and tightening liquidity and the effect of such markets on demand for our products. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected. For more information on these risks, please refer to the "Risk Factors" section included in the Company's Annual Report on Form 10-K for the fiscal year ended July 3, 2021 filed with the Securities and Exchange Commission. The forward-looking statements contained in this press release are made as of the date thereof and the Company assumes no obligation to update such statements.
Contact Information
Investors:
Sagar Hebbar
408-404-4507
sagar.hebbar@viavisolutions.com
Press:
Amit Malhotra
202-341-8624
amit.malhotra@viavisolutions.com
The following financial tables are presented in accordance with GAAP, unless otherwise specified.
-SELECTED PRELIMINARY FINANCIAL DATA -
Use of Non-GAAP (Adjusted) Financial Measures
The Company provides non-GAAP gross margin, non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, EBITDA and adjusted EBITDA financial measures as supplemental information regarding the Company's operational performance. The Company uses the measures disclosed in this release to evaluate the Company's historical and prospective financial performance, as well as its performance relative to its competitors. Specifically, management uses these items to further its own understanding of the Company's core operating performance, which the Company believes represent its performance in the ordinary, ongoing and customary course of its operations. Accordingly, management excludes from core operating performance items such as those relating to certain purchase price accounting adjustments, amortization of acquisition-related intangibles and inventory step-up, stock-based compensation, restructuring, separation costs, changes in fair value of contingent consideration liabilities and certain investing expenses and non-cash activities that management believes are not reflective of such ordinary, ongoing and customary course activities. Additionally, the Company excludes the results of discontinued operations in calculating non-GAAP net income (loss), non-GAAP net income (loss) per share, EBITDA and adjusted EBITDA for all periods reported. The Company believes excluding these items enables investors to evaluate more clearly and consistently the Company's core operational performance.
The Company believes providing this additional information allows investors to see Company results through the eyes of management. The Company further believes that providing this information allows investors to better understand the Company's financial performance and, importantly, to evaluate the efficacy of the methodology and information used by management to evaluate and measure such performance.
The non-GAAP adjustments described in this release are excluded by the Company from its non-GAAP financial measures. The non-GAAP adjustments, and the basis for excluding them, are outlined below.
Cost of revenues, costs of research and development and costs of selling, general and administrative: The Company's GAAP presentation of gross margin and operating expenses may include (i) additional depreciation and amortization from changes in estimated useful life and the write-down of certain property, equipment and intangibles that have been identified for disposal but remained in use until the date of disposal, (ii) workforce related charges such as severance, retention bonuses and employee relocation costs related to formal restructuring plans, (iii) costs for facilities not required for ongoing operations, and costs related to the relocation of certain equipment from these facilities and/or contract manufacturer facilities, (iv) stock-based compensation, (v) changes in fair value of contingent consideration liabilities and (vi) other charges unrelated to our core operating performance comprising mainly of acquisition related transaction costs, amortization of acquisition related inventory step-up, integration costs related to acquired entities, litigation and other costs and contingencies unrelated to current and future operations, including transformational initiatives such as the implementation of simplified automated processes, site consolidations, and reorganizations. The Company excludes these items in calculating non-GAAP gross margin, non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, EBITDA and adjusted EBITDA. The Company believes excluding these items enables investors to evaluate more clearly and consistently the Company's core operational performance.
Amortization of intangibles: The Company includes amortization expense related to intangibles in its GAAP presentation of cost of revenues and operating expense. The Company excludes these significant non-cash items in calculating non-GAAP gross margin, non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per share, EBITDA and adjusted EBITDA, because it believes doing so provides investors a clearer and more consistent view of the Company's core operating performance in terms of cost of revenues and operating expenses.
Non-cash interest expense and other expense: The Company incurred a loss of $6.4M and $98.7M for the three and nine months ended April 2, 2022, respectively, in connection with the repurchase of certain 1.00% and 1.75% Senior Convertible Notes which was recorded in interest income and other income (expense), net, in compliance with authoritative guidance. The Company eliminates this in calculating non-GAAP net income (loss), and non-GAAP net income (loss) per share, EBITDA and adjusted EBITDA, because it believes that in so doing, it can provide investors a clearer and more consistent view of the Company's core operating performance.
Income tax expense or benefit: The Company excludes certain non-cash tax expense or benefit items, such as the utilization of net operating losses where valuation allowances were released, intra-period tax allocation benefit and the tax effect for amortization of non-tax deductible intangible assets, in calculating non-GAAP net income (loss) and non-GAAP net income (loss) per share. The Company believes excluding these items enables investors to evaluate more clearly and consistently the Company's core operational performance.
Interest, taxes, depreciation, amortization and other adjustments: The Company's EBITDA calculation primarily excludes interest income and other income (expense), interest expense, taxes, depreciation and amortization, and other items that are not part of its core operating performance described above. The Company's adjusted EBITDA excludes items in addition to the items excluded from the EBITDA calculation such as stock-based compensation, restructuring and related charges (benefits), gain or loss on sale of available for-sale investments, changes in fair value of contingent consideration liabilities arising from prior acquisitions and other charges related to activities that are not part of its core operating performance described above. Management believes adjusted EBITDA is a helpful indicator of the Company's core operational cash flow.
Non-GAAP financial measures are not in accordance with, preferable to, or an alternative for, generally accepted accounting principles in the United States. The GAAP measure most directly comparable to non-GAAP net income (loss) is net income (loss). The GAAP measure most directly comparable to non-GAAP net income (loss) per share is net income (loss) per share. The Company believes these GAAP measures alone are not fully indicative of its core operating expenses and performance and that providing non-GAAP financial measures in conjunction with GAAP measures provides valuable supplemental information regarding the Company's overall performance.
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SOURCE VIAVI Financials | https://www.mysuncoast.com/prnewswire/2022/05/03/viavi-announces-third-quarter-fiscal-2022-results/ | 2022-05-03T20:49:56Z |
GUANGZHOU, China, Aug. 24, 2022 /PRNewswire/ -- CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or the "Company"), a leading home equity loan service provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2022 and the first half of 2022.
Second Quarter 2022 Operational and Financial Highlights
- Total loan origination volume[1] was RMB3,137.3 million (US$468.4 million) in the second quarter of 2022, compared to RMB3,824.5 million in the same period of 2021.
- Total outstanding loan principal[2] was RMB9,381.9 million (US$1,400.7 million) as of June 30, 2022, compared to RMB10,411.9 million as of December 31, 2021.
- Total interest and fees income was RMB410.6 million (US$61.3 million) in the second quarter of 2022, compared to RMB451.5 million in the same period of 2021.
- Net income was RMB18.1 million (US$2.7 million) in the second quarter of 2022, compared to RMB65.2 million in the same period of 2021.
- Basic earnings per ADS and diluted earnings per ADS were RMB0.27 (US$0.04) and RMB0.24 (US$0.04), respectively, in the second quarter of 2022, compared to RMB0.95 and RMB0.94, respectively, in the same period of 2021.
First Half of 2022 Operational and Financial Highlights
- Total loan origination volume[1] was RMB5,404.6 million (US$806.9 million) in the first half of 2022, compared to RMB6,666.2 million in the same period of 2021.
- Total interest and fees income was RMB828.0 million (US$123.6 million) in the first half of 2022, compared to RMB876.6 million in the same period of 2021.
- Net income was RMB61.2 million (US$9.1 million) in the first half of 2022, compared to net income of RMB150.9 million in the same period of 2021.
- Basic earnings per ADS and diluted earnings per ADS were RMB0.90 (US$0.13) and RMB0.80 (US$0.12), respectively, in the first half of 2022, compared to RMB2.20 and RMB2.17 respectively, in the same period of 2021.
Mr. Bin Zhai, Chairman and Chief Executive Officer of CNFinance, commented, "During the second quarter of 2022, we maintained stable business operations despite regional city lockdowns due to pandemic prevention and control measures. We originated loans of RMB3.1 billion under our collaboration with trust companies and introduced loans of RMB200 million to the commercial bank partners. In light of the strict local measures implemented to contain the COVID-19 pandemic as well as the uncertainties associated with China's real estate industry, we also recorded a provision for credit losses accordingly.
Going forward, we are likely to be continuously challenged by economic fluctuations. On the other hand, however, we are confident that as China's economic growth starts to recover, and more supportive policies toward MSEs take effect, we are presented with vast business opportunities. In order to serve more MSE owners and fulfill our mission to provide accessible, affordable and efficient financing solutions to micro- and small-enterprise owners in China, we will strive to expand our sales channels, diversify our product portfolio, reduce our funding costs, and improve post-loan management efficiency to help sales partners expand their business scale."
Second Quarter 2022 Financial Results
Total interest and fees income decreased by 9.1% to RMB410.6 million (US$61.3 million) for the second quarter of 2022 from RMB451.5 million in the same period of 2021.
Interest and financing service fees on loans decreased by 9.1% to RMB408.1 million(US$60.9million) for the second quarter of 2022 from RMB448.8 million in the same period of 2021, primarily due to the decrease of average daily outstanding loan principal in the second quarter of 2022 as compared to the same period of 2021. The decrease in average daily outstanding loan principal was due to the lower loan facilitation volume in the second quarter of 2022 resulted from the lockdowns due to local outbreaks of COVID-19 in multiple cities within China.
Interest on deposits with banks decreased by 7.4% to RMB2.5 million (US$0.4 million) for the second quarter of 2022 from RMB2.7 million in the same period of 2021, primarily due to smaller average daily balances of time deposits.
Interest and fees expenses decreased by 3.9% to RMB187.3 million (US$28.0 million) for the second quarter of 2022, compared to RMB195.0 million in the same period of 2021, primarily due to the decrease of principals of other borrowings.
Net interest and fees income was RMB223.3 million (US$33.3 million) for the second quarter of 2022, a decrease of 12.9% from RMB256.5 million in the same period of 2021.
Collaboration cost for sales partners decreased by 28.2% to RMB76.6 million (US$11.4 million) for the second quarter of 2022 from RMB106.7 million in the same period of 2021, primarily attributable to the lower fee rate the Company paid to the sales partners in the second quarter of 2022 as compared to the same period of 2021, resulted from the lower average effective interest rates of outstanding loans.
Net interest and fees income after collaboration cost was RMB146.7 million (US$21.9 million) for the second quarter of 2022, a decrease of 2.1% from RMB149.8 million in the same period of 2021.
Provision for credit losses increased by 439.5% to RMB79.3 million (US$11.8 million) for the second quarter of 2022 from RMB14.7 million in the same period of 2021. The increase was due to the increasing economic uncertainties caused by lockdowns in reaction to local outbreaks of COVID-19 as well as the downward pressure faced by China's real estate market during the second quarter of 2022.
Net gains on sales of loans increased by 98.3% to RMB23.6 million (US$3.5 million) for the second quarter of 2022 from RMB11.9 million in the same period of 2021 resulted from the increase of instalment payments fully made by sales partners who signed agreements to repurchase delinquent loans by instalments.
Other gains, net increased by 33.0% to RMB13.7 million (US$2.0 million) for the second quarter of 2022 from RMB10.3 million in the same period of 2021.
Total operating expenses increased by 4.6% to RMB91.4 million (US$13.6 million) for the second quarter of 2022, compared with RMB87.4 million in the same period of 2021.
Employee compensation and benefits decreased by 6.5% to RMB48.6 million (US$7.3 million) for the second quarter of 2022 from RMB52.0 million in the same period of 2021, primarily attributable to smaller incentives paid to the employees resulted from lower loan origination volume during the second quarter of 2022.
Share-based compensation expenses decreased by 68.1% to RMB1.5 million (US$0.2 million) for the second quarter of 2022 from RMB4.7 million in the same period of 2021. According to the Company's share option plan adopted on December 31, 2019, approximately 50%, 30% and 20% of the option granted will be vested on December 31, 2020, 2021 and 2022, respectively. Related compensation cost of the option grants will be recognized over the requisite period.
Taxes and surcharges increased by 7.1% to RMB9.0 million (US$1.3 million) for the second quarter of 2022 from RMB8.4 million for the same period of 2021, primarily attributable to an increase in the non-deductible value added tax ("VAT"). The increase in VAT was attributable to the characterization of certain amounts as "service fees charged to trust plans" which are a non-deductible item. According to the PRC tax regulations, "service fees charged to trust plans" incur a 6% VAT on the subsidiary level, but are not recorded as an input VAT on a consolidated trust plan level. "Service fees charged to trust plans" was increased in the second quarter of 2022 compared to the same period of 2021 due to newly established trust plans.
Operating lease cost decreased by 8.1% to RMB3.4 million (US$0.5 million) for the second quarter of 2022 as compared to RMB3.7 million for the same period of 2021, mainly due to the overall lowered leasing prices of commercial properties in some cities resulted from the local outbreaks of COVID-19 during the quarter.
Other expenses increased by 55.4% to RMB28.9 million (US$4.3 million) for the second quarter of 2022 from RMB18.6 million in the same period of 2021, primarily due to the increase in (a) attorneys' fees associated with legal proceeding of NPLs, and (b) fees paid to local channels for introducing sales partners to the Company in the second quarter of 2022.
Income tax expense decreased by 60.7% to RMB3.3 million (US$0.5 million) for the second quarter of 2022 from RMB8.4 million in the same period of 2021, primarily due to a decrease in the amount of taxable income.
Effective tax rate increased to 15.3% for the second quarter of 2022 from 11.4% in the same period of 2021, primarily due the decrease of proceeds of tax-free dividends from securities investment funds. Such proceeds were RMB1.0 million (US$0.2 million) in the second quarter of 2022 as compared to RMB42.9 million in the same period of 2021.
Net income decreased by 72.2% to RMB18.1 million (US$2.7 million) for the second quarter of 2022 from RMB65.2 million in the same period of 2021.
Basic earnings per ADS and diluted earnings per ADS were RMB0.27 (US$0.04) and RMB0.24 (US$0.04), respectively, in the second quarter of 2022, compared to RMB0.95 and RMB0.94, respectively, in the same period of 2021. One ADS represents 20 ordinary shares.
First Half of 2022 Financial Results
Total interest and fees income decreased by 5.5% to RMB828.0 million (US$123.6 million) in the first half of 2022 from RMB876.6 million in the same period of 2021, primarily due to a decrease in the Company's interest income on loans.
Interest and financing service fees on loans decreased by 5.5% to RMB822.7 million (US$122.8 million) in the first half of 2022 from RMB870.8 million in the same period of 2021, primarily due to the decrease of average daily outstanding loan principal in the first half of 2022 as compared to the same period of 2021. The decrease in average daily outstanding loan principal was due to the lower loan facilitation volume in the first half of 2022 resulted from the lockdowns due to local outbreaks of COVID-19 in multiple cities within China.
Interest on deposits with banks decreased by 8.6% to RMB5.3 million (US$0.8 million) in the first half of 2022 from RMB5.8 million in the same period of 2021, primarily due to smaller average daily balance of time deposits.
Interest and fees expenses increased by 10.5% to RMB388.2 million (US$58.0 million) in the first half of 2022 from RMB351.2 million in the same period in 2021, primarily due to the increase of the funding costs from trust companies.
Net interest and fees income was RMB439.8 million (US$65.6 million) for the first half of 2022, representing a decrease of 16.3% from RMB525.4 million in the same period of 2021.
Collaboration cost for sales partners decreased by 23.7% to RMB156.2 million (US$23.3 million) for the first half of 2022 from RMB204.8 million in the same period of 2021, primarily attributable to lower fee rate the Company paid to the sales partners in the first half of 2022 as compared to the same period of 2021, resulted from the lower average effective interest rates of outstanding loans.
Net interest and fees income after collaboration cost decreased by 11.5% to RMB283.6 million (US$42.3 million) for the first half of 2022 from RMB320.6 million in the same period of 2021.
Recovery/(Provision) for credit losses recorded a provision of RMB111.9 million (US$16.7 million) for the first half of 2022, compared to recovery of RMB2.5 million in the same period in 2021. The increase was due to the increasing economic uncertainties caused by lockdowns in reaction to local outbreaks of COVID-19 as well as the downward pressure faced by China's real estate market during the first half of 2022.
Net gains on sales of loans increased by 47.4% to RMB31.4 million (US$4.7 million) for the first half of 2022 from RMB21.3 million in the same period of 2021 resulted from the increase of instalments payments fully made by sales partners who signed agreements to repurchase delinquent loans by instalments.
Other gains, net increased by 74.6% to RMB31.6 million (US$4.7million) for the first half of 2022 from RMB18.1 million in the same period of 2021, primarily due to the increase of Credit Risk Mitigation Positions forfeited by the sales partners.
Total operating expenses decreased by 5.7% to RMB171.3 million (US$25.6 million) in the first half of 2022, compared with RMB181.6 million in the same period of 2021.
Employee compensation and benefits decreased by 9.3% to RMB91.6 million (US$13.7 million) in the first half of 2022 from RMB101.0 million in the same period in 2021, primarily attributable to smaller incentives paid to the employees resulted from lower loan origination volume during the first half of 2022.
Share-based compensation expenses decreased by 69.1% to RMB2.9 million (US$0.4 million) in the first half of 2022 from RMB9.4 million in the same period of 2021. According to the Company's share option plan adopted on December 31, 2019, approximately 50%, 30% and 20% of the option granted will be vested on December 31, 2020, 2021 and 2022, respectively. Related compensation cost of the option grants will be recognized over the requisite period.
Taxes and surcharges increased by 13.2% to RMB17.1 million (US$2.6 million) in the first half of 2022 from RMB15.1 million in the same period of 2021, primarily attributable to a increase in the non-deductible value added tax ("VAT"). The increase in VAT was attributable to the characterization of certain amounts as "service fees charged to trust plans" which are a non-deductible item. According to the PRC tax regulations, "service fees charged to trust plans" incur a 6% VAT on the subsidiary level, but are not recorded as an input VAT on a consolidated trust plan level. "Service fees charged to trust plans" was increased in the first half of 2022 compared to the same period of 2021 due to newly established trust plans.
Operating lease cost decreased by 10.3% to RMB7.0 million (US$1.0 million) for the first half of 2022 as compared to RMB7.8 million for the same period of 2021, mainly due to the overall lowered leasing prices of commercial properties in some cities resulted from the local outbreaks of COVID-19 in the first half of 2022.
Other expenses increased by 9.1% to RMB52.7 million (US$7.9 million) in the first half of 2022 from RMB48.3 million in the same period of 2021, primarily due to the increase in (a) attorneys' fees associated with legal proceeding of NPLs, and (b) fees paid to local channels for introducing sales partners to the Company.
Income tax expense was RMB18.7 million (US$2.8 million) in the first half of 2022, as compared to RMB37.6 million in the same period of 2021, primarily due to decrease in taxable income in the first half of 2022 as compared to the same period of 2021.
Effective tax rate increased to 23.4% for the first half of 2022 from 20.0% in the same period of 2021, primarily due the decrease of proceeds of tax-free dividends from securities investment funds. Such proceeds were RMB1.0 million (US$0.2 million) in the first half of 2022 as compared to RMB57.9 million in the same period of 2021.
Net income was RMB61.2 million (US$9.1 million) in the first half of 2022, as compared to RMB150.9 million in the same period of 2021.
Basic earnings per ADS and diluted earnings per ADS were RMB0.90 (US$0.13) and RMB0.80 (US$0.12), respectively, in the first half of 2022, compared to RMB2.20 and RMB2.17 respectively, in the same period of 2021. One ADS represents 20 ordinary shares.
As of June 30, 2022, the Company had cash and cash equivalents and restricted cash of RMB1.4 billion (US$0.2 billion), compared with RMB2.2 billion as of December 31, 2021, including RMB0.9 billion (US$0.1 billion) and RMB1.5 billion from structured funds as of June 30, 2022 and December 31, 2021, respectively, which could only be used to grant new loans and activities.
The delinquency ratio for loans originated by the Company increased from 24.1% as of December 31, 2021 to 25.4% as of June 30, 2022. Under the collaboration model, the delinquency ratio for first lien loans decreased from 29.1% as of December 31, 2021 to 29.0% as of June 30, 2022, and the delinquency ratio for second lien loans increased from 19.5% as of December 31, 2021 to 23.1% as of June 30, 2022. Under the traditional facilitation model, the delinquency ratio for first lien loans increased from 76.0% as of December 31, 2021 to 94.9% as of June 30, 2022, and the delinquency ratio for second lien loans increased from 75.8% as of December 31, 2021 to 100.0% as of June 30, 2022.
The delinquency ratio (excluding loans held for sale) for loans originated by the Company decreased from 16.2% as of December 31, 2021 to 14.9% as of June 30, 2022. Under the collaboration model, the delinquency ratio for first lien loans (excluding loans held for sale) decreased to 16.4% as of June 30, 2022 as compared to 18.9% as of December 31, 2021, and the delinquency ratio for second lien loans (excluding loans held for sale) increased from 14.1% as of December 31, 2021 to 14.6% as of June 30, 2022. Under the traditional facilitation model, the delinquency ratio for first lien loans (excluding loans held for sale) decreased from 49.7% as of December 31, 2021 to 27.9% as of June 30, 2022, and the outstanding balance of second lien loans under the traditional facilitation model as of June 30, 2022 was nil.
The NPL ratio for loans originated by the Company increased from 9.4% as of December 31, 2021 to 11.6% as of June 30, 2022. Under the collaboration model, the NPL ratio for first lien loans increased from 12.5% as of December 31, 2021 to 14.7% as of June 30, 2022, and the NPL ratio for second lien loans increased from 6.0% as of December 31, 2021 to 8.9% as of June 30, 2022. Under the traditional facilitation model, the NPL ratio for first lien loans increased from 59.2% as of December 31, 2021 to 94.9% as of June 30, 2022, and the NPL ratio for second lien loans increased from 64.2% as of December 31, 2021 to 97.2% as of June 30, 2022.
The NPL ratio (excluding loans held for sale) for loans originated by the Company decreased from 2.1% as of December 31, 2021 to 1.9% as of June 30, 2022. Under the collaboration model, the NPL ratio for first lien loans (excluding loans held for sale) decreased from 3.0% as of December 31, 2021 to 2.2% as of June 30, 2022, and the NPL ratio for second lien loans (excluding loans held for sale) was 1.7% as of June 30, 2022 as compared to 1.4% as of December 31, 2021. Under the traditional facilitation model, the NPL ratio for first lien loans (excluding loans held for sale) increased from 14.4% as of December 31, 2021 to 27.9% as of June 30, 2022, and the outstanding balance of second lien loans under the traditional facilitation model as of June 30, 2022 was nil.[3]
Recent Development
US$20 Million Share Repurchase Program
On March 16, 2022, the Company's board of directors authorized a share repurchase program under which the Company may repurchase up to US$20 million of its ordinary shares in the form of American depositary shares (ADSs) during a period of up to 12 months commencing on March 16, 2022. As of June 30, 2022, the Company had repurchased an aggregate of approximately US$5.0 million worth of its ADSs under this share repurchase program.
Resignation of Directors
On August 23, 2022, the Company's Board of Directors accepted the resignation tendered by Mr. Ning Li and Mr. Peng Ge as directors of the Company, including any applicable board committee, effective immediately. Following their resignation, Mr. Li and Mr. Ge will not hold any position at the Company. The resignation of each of Mr. Li and Mr. Ge was due to personal reasons and changes in our shareholding structure, respectively, and each of them confirmed that he has no disagreement with the Board. The Board would like to take this opportunity to express its appreciation and gratitude to Mr. Li and Mr. Ge for their contributions and services to the Company.
Business Outlook
The extent to which the COVID-19 pandemic impacts the Company's results of operations will depend on future developments of the pandemic in China and across the globe, which are subject to change and substantial uncertainty and therefore cannot be predicted. For the third quarter of 2022, based on the information available as of the date of this press release, we expect net income to be between RMB0 and RMB50 million.
The above outlook is based on the current market conditions and reflects our current and preliminary estimates of market and operating conditions, which are all subject to substantial uncertainty.
Conference Call
CNFinance's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Wednesday, August 24, 2022 (8:00 PM Beijing/ Hong Kong Time on the same day).
Dial-in numbers for the live conference call are as follows:
A telephone replay of the call will be available after the conclusion of the conference call until 11:59 PM ET on August 31, 2022.
Dial-in numbers for the replay are as follows:
A live and archived webcast of the conference call will be available on the Investor Relations section of CNFinance's website at http://ir.cashchina.cn/.
Exchange Rate
The Company's business is primarily conducted in China and all of the revenues are denominated in Renminbi ("RMB"). This announcement contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.6981 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of June 30, 2022. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into U.S. dollars at that rate on June 30, 2022, or at any other rate.
Safe Harbor Statement
This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates", "confident" and similar statements. The Company may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: its goals and strategies, its ability to achieve and maintain profitability, its ability to retain existing borrowers and attract new borrowers, its ability to maintain and enhance the relationship and business collaboration with its trust company partners and to secure sufficient funding from them, the effectiveness of its risk assessment process and risk management system, its ability to maintain low delinquency ratios for loans it originated, fluctuations in general economic and business conditions in China, the impact and future development of COVID-19 pandemic in China and across the globe, and relevant government law, rules, policies or guidelines relating to the Company's corporate structure, business and industry. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and the Company does not undertake any obligation to update such information, except as required under applicable law.
About CNFinance Holdings Limited
CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or the "Company) is a leading home equity loan service provider in China. CNFinance conducts business by collaborating with sales partners and trust company partners. Sales partners are responsible for recommending micro- and small-enterprise ("MSE") owners with financing needs to the Company and the Company introduces eligible borrowers to its trust company partners who will then conduct their own risk assessments and make credit decisions. The Company's primary target borrower segment is MSE owners who own real properties in Tier 1 and Tier 2 cities in China. The loans CNFinance facilitated are primarily funded through a trust lending model with its trust company partners who are well-established with sufficient funding sources and have licenses to engage in lending business nationwide. The Company's risk mitigation mechanism is embedded in the design of its loan products, supported by an integrated online and offline process focusing on risks of both borrowers and collateral and further enhanced by effective post-loan management procedures.
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SOURCE CNFinance Holdings Limited | https://www.kxii.com/prnewswire/2022/08/24/cnfinance-announces-second-quarter-first-half-2022-unaudited-financial-results/ | 2022-08-24T11:00:52Z |
VANCOUVER, BC, Aug. 29, 2022 /PRNewswire/ - Pathfinder Ventures Inc. (TSXV: RV) (OTCQB: RVRVF) (the "Company" or "Pathfinder.") is pleased to announce it has filed on SEDAR the consolidated financial statements and management discussion and analysis ("MD&A") for the three and six months ended June 30, 2022.
Pathfinder Ventures Inc. is developing a network of branded, upscale, and family-friendly RV parks and campgrounds under the "Pathfinder Camp Resorts" name. Pathfinder currently has three camp resorts located in B.C. and is focused on growing its network through both acquisitions and development. One resort is currently undergoing an expansion. Pathfinder is also seeking to acquire RV & Self Storage facilities to take advantage of the rapidly growing market of people who want to experience the great outdoors in an RV.
The consolidated financial statements and MD&A can be viewed at www.sedar.com. The financial information provided herein should be read in conjunction with and is qualified by additional information and disclosures contained in the consolidated financial statements, including the notes thereto, and the MD&A.
Ms. Jennifer Lee, CFO of Pathfinder, commented, "In the second quarter of 2022, Pathfinder achieved an 81% increase in revenues despite lower-than-expected April occupancies caused by severe winter conditions. While the Parksville location was not operational until July of last year, the Agassiz location more than tripled the June occupancy from the prior year. Fort Langley also saw a slight growth in occupancy despite being a stable operating asset for many years. Pathfinder Camp Resorts continue to be very busy, and we have been getting inquiries and bookings for the next year already. We are pleased to see a community building in our Pathfinder Camp Resorts."
- Revenues increased to $916,938 from $507,891 in the comparative period;
- EBITDA increased to $54,395, from a loss of $398,367 in the comparative period;
- Net loss from operations decreased to $401,086 from $565,496 driven by increased revenues;
- Financing costs of $6,085 related entirely to the new loan issued for the purchase of property for the Agassiz site expansion (further details in the Business Highlights below);
- Cash and cash equivalents at June 30, 2022, were $1,576,120 compared to $2,092,893 at December 31, 2021. The cash balance was utilized for land acquisition, increased debt servicing requirement and payment of continuing site improvement costs during the period;
- YTD cash provided by operating activities was $231,879, compared to cash used from operating activities of $804,647 in the comparative period, which was a result of an improved non-cash working capital position;
- 15,754 camp resort site nights (as defined below) occupied in Q2 2022, compared to 10,562 camp resort site nights occupied in the comparative period.
On April 7, 2022, the Company completed the purchase of property adjacent to its existing Pathfinder Camp Resorts location in Agassiz B.C. for the cash purchase price of $750,000. Pathfinder plans, subject to land-use and rezoning approvals, to use this 1.892-acre property to expand the Agassiz campground. The purchase was funded by cash on hand and a $600,000 mortgage. The property is currently under a rezoning process with a municipal council decision expected in September 2022.
Revenues for Q2 2022 were $916,938 compared to Q2 2021 revenues of $507,891 This increase over the prior year is attributable to all three sites being fully operational during the period. Only one out of the three site was fully operational in Q2 2021. The YTD revenues were impacted by a severe winter flooding in November 2021, the damage and repair work of which impacted site occupancies from January to April.
Operating expenses for Q2 2022 were $1,251,658, compared to Q2 2021 operating expenses of $1,003,826. This increase over the prior year is attributable to full-period operation with increased staffing and other operating costs. The YTD operating costs were impacted by the continuing site improvement activities. The Company expects the operating costs of existing properties to stabilize in 2023.
Significantly impacting this increase in operating expenses are:
- Depreciation of $193,165, compared to $50,157 during the comparative period due to the capital expenditures incurred in Q3 and Q4 of 2021 and YTD 2022
- Interest expense of $162,769 compared to $92,103 during the comparative period due to the full period servicing of bank loans issued in April and July of 2021 in connection with the property acquisitions, as well as a partial period servicing of a new bank loan raised on April 7, 2022, in connection with the additional land acquisition
- Salaries and benefits of $417,373 from $206,040 in the comparative period due to the full period operation of all three sites and, accordingly, the increased labour requirement
- Share-based compensation of $64,173, compared to $nil during the comparative period, which relates to the Company's issuance of stock options during fiscal 2021
However, the increases in the operating expenses were largely offset by:
- Decreased general and administrative expense to $31,724 from $84,549 due to reduced corporate activities relating to the public listing
- Decreased legal and professional fees to $68,966 from $98,533 in the comparative period due to reduced corporate activities relating to the public listing
- Decreased property costs to $161,885 from $212,155 in the comparative period due to the winding down of site improvement activities
- Decreased management compensation to $nil from $123,291 due to management fee arrangements being changed to employment agreements and thereby being allocated to salaries and benefits in the current period
Net loss from operations for Q2 2022 was $401,086, compared to Q2 2021 of $565,496. This decrease over the comparative period is primarily attributable to the items noted above.
The discussion of consolidated financial results in this press release includes references to "Adjusted EBITDA" (earnings before interest, taxes, depreciation, and amortization), which is a non-IFRS performance measure. The Company presents these measures to provide additional information regarding the Company's financial results and performance. Please refer to the Company's MD&A for the three months ended June 30, 2022 and 2021 for a reconciliation of these measures to reported IFRS results.
About Pathfinder Ventures
Pathfinder Ventures Inc. is developing a network of branded, upscale and family-friendly RV parks and campgrounds under the "Pathfinder Camp Resorts" name. Pathfinder currently has three camp resorts located in B.C. and is focused on growing its network through both acquisitions and development. Pathfinder is also seeking to acquire RV & Self Storage facilities to take advantage of the rapidly growing market of people who want to experience the great outdoors in an RV.
On behalf of the board of directors of the Corporation:
Joe Bleackley
Chief Executive Officer, Founder and Director
Pathfinder Ventures Inc.
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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
This news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the future plans and objectives of the Corporation, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Corporation's expectations include risks detailed from time to time in the filings made by the Corporation with securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking 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 Corporation. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Corporation does not undertake any obligation to update publicly or to revise any forward-looking statements that are contained or incorporated in this press release.
In the case of RV, this news release includes certain "forward-looking statements" which are particular to RV and are not comprised of historical facts. Forward-looking statements include estimates and statements that describe RV's future plans, objectives or goals, including words to the effect that RV or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to RV, RV provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, RV's objectives, goals or future plans, statements, its projected revenues and earnings, and anticipated future growth in new markets. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the ability of the RV to successfully implement its development strategy and whether this will yield the expected benefits; competitive factors in RV's industry sector; the success or failure of product development programs; currently existing applicable laws and regulations or future applicable laws and regulations that may affect RV' s business; decisions of regulatory authorities and the timing thereof; Covid-19 related risks, availability of properties; the economic circumstances surrounding RV's business, including general economic conditions in Canada, the US and worldwide; changes in exchange rates; changes in the equity market; inflation; uncertainties relating to the availability and costs of financing needed in the future; and those other risks disclosed in the filing statement or other disclosure document prepared and supplied on sedar. Although RV believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. RV disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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SOURCE Pathfinder Ventures Inc. | https://www.kxii.com/prnewswire/2022/08/29/pathfinder-announces-2022-second-quarter-financial-operating-results/ | 2022-08-29T12:59:47Z |
NEW YORK, May 31, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for TSLA, BIDU, AAPL, ULTA, and ALB.
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- TSLA: https://www.investorsobserver.com/lp/pr-options-lp-2/?symbol=TSLA&prnumber=053120223
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SOURCE InvestorsObserver | https://www.mysuncoast.com/prnewswire/2022/05/31/thinking-about-trading-options-or-stock-tesla-baidu-apple-ulta-beauty-or-albemarle-corp/ | 2022-05-31T15:18:20Z |
Ala. high schooler offered more than $3M in scholarships
BIRMINGHAM, Ala. (WBRC/Gray News) - An Alabama high school valedictorian announced he will be attending Harvard University after getting more than $3 million in scholarships from dozens of colleges.
Kylan Benson has earned more than $3 million in scholarships from more than a dozen of the nation’s top Ivy League and post-secondary institutions. He is the class valedictorian at Ramsay IB High School in Birmingham, Alabama, and will graduate in 2022 with a 4.5 GPA, a 31 on the ACT and other academic and civic honors.
During a news conference Wednesday, Benson announced he is going to Harvard University, WBRC reports.
“Getting accepted into Ivy League schools like Harvard and Yale has been a wonderful feeling, especially with how selective schools of that caliber are. After working hard in school for so many years, it’s good to see the fruits of my labor,” Benson said.
Benson said he hopes to carry the foundation he received at Ramsay forward with him into the future. He said he attended the high school “because of the rigorous and internationally recognized” International Baccalaureate program.
“Being an IB scholar helped me stand out as a candidate for admission to the schools that I applied to. The IB program stresses being a global-minded citizen, and this has deepened my passion for serving the world. I’m not quite sure exactly what I want to do in the future, but I’ve been considering politics, foreign service or even nonprofit work. Anything that gives me the influence to positively impact others gives me personal fulfillment,” he said.
Copyright 2022 WBRC via Gray Media Group, Inc. All rights reserved. | https://www.kxii.com/2022/04/28/ala-high-schooler-offered-more-than-3m-scholarships/ | 2022-04-30T03:18:32Z |
NEW YORK, Aug. 11, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for DIS, MDB, MSFT, TSLA, and NVDA.
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- DIS: https://www.investorsobserver.com/lp/pr-options-lp-2/?symbol=DIS&prnumber=081120224
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SOURCE InvestorsObserver | https://www.mysuncoast.com/prnewswire/2022/08/11/thinking-about-trading-options-or-stock-walt-disney-mongodb-microsoft-tesla-or-nvidia/ | 2022-08-11T14:30:11Z |
SARASOTA, Fla., Aug. 8, 2022 /PRNewswire/ -- HASTA DST Ventures, a sponsor of multifamily real estate DSTs, announced today that its HASTA Multifamily 1 DST has been fully subscribed through the extensive distribution network of its managing broker-dealer, RCX Capital Group. Approximately $55 million in equity proceeds from the offering was used to acquire Parq 170 at City Center, a 291-unit luxury multifamily community with 43,708 square feet of retail in the Washington, D.C. submarket of Manassas Park, Virginia.
"We continue to target compelling opportunities to acquire recession-resilient properties in strong employment nodes," said Mark Hafner, CEO of HASTA. "Parq 170 is a prime example of our strategy of acquiring high-quality, well-located assets and unlocking their full potential through implementation of our operational and capital improvement strategies."
Located at 170 Market Street, Parq 170 is one of the most desirable multifamily communities in Manassas Park, drawing residents with attractive architecture, manicured grounds and quality construction. The spacious one- and two-bedroom apartment homes are stylishly appointed with hardwood laminate flooring, granite countertops, in-unit washer and dryer and walk-in closets. Residents of the controlled access community enjoy attached and detached garages along with top-notch amenities including a 24-hour fitness center, a heated pool and sundeck, grill station, Wi-Fi café, elevators and clubhouse.
Parq 170 residents are within close proximity to over 10 million square feet of retail, dining and entertainment attractions. The community's attractiveness is further punctuated by its strategic location directly across from the Manassas Park VRE rail station, providing residents with a convenient commuting option to the 3.2 million jobs within the metro area.
Jean-Louis Guinchard, managing principal of RCX Capital Group, stated, "We are pleased that our investors stand to benefit from Parq 170's long-term growth dynamics in one of most stable and resilient investment markets in the world."
The offering launched at the end of May, with equity proceeds raised from accredited investors through RCX's direct clientele and an extensive network of RIAs.
About HASTA DST Ventures
Hasta DST Ventures is a joint venture between wholly owned subsidiaries of HASTA Capital USA, RCX Capital Group and Clairmont Capital Group. The sponsors seek to leverage the respective skill sets of each of the firm's principals and team to help structure and co-sponsor best-in-class, proprietary DSTs to generate superior risk-adjusted returns for investors.
Contact: Jennifer Franklin
Spotlight Marketing Communications
(949) 427-1385
jennifer@spotlightmarcom.com
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SOURCE HASTA DST Ventures | https://www.wibw.com/prnewswire/2022/08/08/hasta-dst-ventures-completes-dst-offering-class-multifamily-property-outside-washington-dc/ | 2022-08-08T13:51:21Z |
The acquisition is on behalf of a Delaware statutory trust investment offering that seeks to raise $42.4 million in equity from accredited investors
WILLIAMSBURG, Va., April 12, 2022 /PRNewswire/ -- Capital Square, a leading sponsor of Delaware statutory trust (DST) offerings for Section 1031 exchange and other accredited investors, announced today the acquisition of a 207-unit, value add multifamily community in Williamsburg, Virginia. The community was acquired on behalf of CS1031 Sterling Manor, DST.
"Sterling Manor Apartments in historic Williamsburg, Virginia is an exceptional addition to Capital Square's growing portfolio of apartment communities in the southeast," said Louis Rogers, founder and chief executive officer of Capital Square. "An investment in Sterling Manor combines stable cash flow and appreciation with value added from upgrading the original apartment units. Capital Square continues to own the home court as the top apartment buyer in the region."
Located at 155 Sterling Manor Drive, the five-building luxury apartment property offers townhomes and garden-style apartments with spacious floorplans and best-in-class finishes. The community was constructed in 2008 and features 137 renovated units, and the sponsor intends to renovate the remaining 70 units to capture additional rental income. The property amenities include a swimming pool, fitness center, resident lounge, business center, grilling/BBQ area, game room, bicycle storage, private balconies, package lockers, surface parking, and detached garages.
Sterling Manor is located in a thriving submarket that features average annual household income in excess of $100,000 and a strong multifamily occupancy rate of 96.6 percent, according to Claritas. The region is exceptionally strong, with 2,917 apartment units delivered and 3,914 apartment units absorbed during the last 12 months, a vacancy rate of 4.8%, and 12-month asking rent growth of 12.2%.1 Axiometrics projects average annual rent growth of 12.4 percent in the submarket between 2022 and 2023.
"Sterling Manor is a luxury multifamily investment opportunity for investor seeking upside in a value-add strategy," said Whitson Huffman, chief strategy and investment officer. "The property features high-end amenities in a high-income market with strong occupancy and growing demand for quality multifamily living."
Just 1.1 miles from the campus of the historic College of William & Mary, one of the oldest and most storied universities in the United States, and 2.5 miles from Colonial Williamsburg, Sterling Manor resides in a virtual time capsule of American history. Williamsburg's economy is tourism-based and driven by Colonial Williamsburg, the largest outdoor educational living museum in the country which provides immersive and authentic 18th-century programming for hundreds of thousands of tourists annually,2 and two theme parks: Busch Gardens Williamsburg and Water Country USA. In 2015, an estimated 2.78 million guests attended Busch Gardens Williamsburg, ranking it twentieth in overall attendance among amusement parks in North America.3
CS1031 Sterling Manor, DST seeks to raise $42.4 million in equity from accredited investors and has a minimum investment requirement of $50,000.
Since its founding in 2012, Capital Square has acquired 146 real estate assets for over 5,000 investors seeking quality replacement properties that qualify for tax deferral under Section 1031 of the Internal Revenue Code and other investors seeking stable cash flow and capital appreciation.
Sources: 1. CoStar | 2. www.colonialwilliamsburg.org/learn/about-colonial-williamsburg/#:~:text=Colonial%20Williamsburg%20is%20the%20largest,and%20programming%20for%20our%20guests | 3. www.teaconnect.org/images/files/TEA_160_611852_160525.pdf.).
Capital Square is a national real estate firm specializing in tax-advantaged real estate investments, including Delaware statutory trusts for Section 1031 exchanges and qualified opportunity zone funds for tax deferral and exclusion. Since 2012, Capital Square has completed more than $5.6 billion in transaction volume. Capital Square's executive team has decades of experience in real estate investments. Capital Square's related entities provide a range of services, including due diligence, acquisition, loan sourcing, property/asset management, and disposition, for a growing number of high-net-worth investors, private equity firms, family offices and institutional investors. Since 2017, Capital Square has been recognized by Inc. 5000 as one of the fastest growing companies in the nation for four consecutive years. In 2017, 2018 and 2020, the company was also ranked on Richmond BizSense's list of fastest growing companies. Additionally, Capital Square was listed by Virginia Business on their "Best Places to Work in Virginia" report in 2019 and their "Fantastic 50" reports in 2019 and 2020. To learn more, visit www.CapitalSq.com.
Disclaimer: Securities offered through WealthForge Securities, LLC, Member FINRA/SIPC. Capital Square and WealthForge Securities, LLC are separate entities. There are material risks associated with investing in DST properties and real estate securities including illiquidity, tenant vacancies, general market conditions and competition, lack of operating history, interest rate risks, the risk of new supply coming to market and softening rental rates, general risks of owning/operating commercial and multifamily properties, short term leases associated with multi-family properties, financing risks, potential adverse tax consequences, general economic risks, development risks, long hold periods, and potential loss of the entire investment principal. Past performance is not a guarantee of future results. Potential cash flow, returns and appreciation are not guaranteed. IRC Section 1031 is a complex tax concept; consult your legal or tax professional regarding the specifics of your particular situation. This is not a solicitation or an offer to see any securities. Please read the Private Placement Memorandum (PPM) in its entirety, paying careful attention to the risk section prior to investing. Diversification does not guarantee profits or protect against losses. Private placements are speculative.
Contact:
Jill Swartz
Spotlight Marketing Communications
949.427.1389
jill@spotlightmarcom.com
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SOURCE Capital Square | https://www.kxii.com/prnewswire/2022/04/12/capital-square-acquires-value-add-multifamily-community-williamsburg-virginia-dst1031-exchange-offering/ | 2022-04-12T19:40:33Z |
ISS Concludes Current Offer from Frontier is Preferable for Spirit Stockholders and Recognizes JetBlue's All-Cash Offer Limits Potential Upside
With Favorable Recommendation from Glass Lewis & Co., Both Independent Proxy Advisory Firms Now Recommend FOR the Merger of Spirit and Frontier
Spirit Board of Directors Continues to Unanimously Recommend Stockholders Vote FOR the Merger with Frontier on the WHITE Proxy Card
Special Meeting of Spirit Stockholders to be Held on June 30, 2022
For More Information, Stockholders Can Visit www.votespiritfrontier.com
MIRAMAR, Fla., June 26, 2022 /PRNewswire/ -- Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE: SAVE) today announced that leading independent proxy advisory firm Institutional Shareholder Services ("ISS") recommends Spirit stockholders vote FOR the merger agreement with Frontier Group Holdings, Inc. ("Frontier") (NASDAQ: ULCC), parent company of Frontier Airlines, Inc.
This recommendation follows a June 3 report from Glass, Lewis & Co., another leading independent proxy advisory firm, also recommending that stockholders vote FOR the proposed merger.
For more information regarding the compelling benefits of a merger with Frontier and how to vote, stockholders can visit www.votespiritfrontier.com.
Ted Christie, President and CEO of Spirit, said: "We are very pleased that both leading proxy advisory firms – ISS and Glass Lewis – recommend that stockholders vote in favor of our merger with Frontier. We are especially grateful to our Team Members who have stayed focused on providing the best experience for our Guests while the Board conducted its process, arriving at the best possible outcome for Spirit and its stockholders. We look forward to our stockholder vote on June 30 and continuing our ongoing discussions with regulators as we advance toward completing the transaction and delivering on the value of this combination for our stockholders, Team Members and Guests."
"While we appreciate the great support from Spirit stockholders who have voted, we remind all Spirit stockholders that not voting will have the same effect as a vote against the merger. To ensure your vote is counted, vote FOR the transaction on the WHITE proxy card," added Mr. Christie.
Highlights from the ISS Report include:
- "[…] shareholders are best served by taking the deal that provides the best combination of long-term value and compensation in the event of regulatory rejection. […] Given these facts and circumstances, the current offer from Frontier appears preferable as it matches JetBlue's $350 million protection against regulatory failure, matches the $2.00 increase in JetBlue's offer price, provides a higher prepayment of $2.22 per share compared to $1.50 per share from JetBlue, and allows Spirit shareholders to benefit from the potential upside of the combined company and the expected $500 million of synergies."
- "[…] the all-cash nature of the offer from JetBlue caps the potential upside for Spirit shareholders – if an agreement is struck at the currently proposed terms, Spirit shareholders could not receive more than $33.50 per share in cash, even if the value of the combined company's synergies prove to be higher. This can be contrasted with the potential upside of owning 48.5 percent of a combined Spirit and Frontier, which forecasts annual synergies of $500 million and could benefit from a recovery in the U.S. airline industry. Shareholders may also look to the fact that Spirit shares traded above $33.50 from February to June 2021, with a high value of $39.74 on March 17, 2021, as an indicator of where standalone Spirit shares could trade in the event of an industry recovery."
- "JetBlue's $33.50 offer […] may appear to be opportunistic relative to Spirit shares' recent trading and the potential value of an industry recovery […]."
As a reminder, this vote is for the Frontier transaction, NOT for a transaction with JetBlue. If the Frontier transaction does not receive stockholder approval, the substantial regulatory issues in JetBlue's proposal remain and there can be no assurance that a transaction with JetBlue will be agreed upon. If you vote against the transaction or do not vote at all, you are risking a value accretive transaction with Frontier for the illusion of a transaction with JetBlue that we believe is highly unlikely to be completed.
Your Vote Is Important
Spirit has scheduled the Special Meeting of Stockholders (the "Special Meeting") to approve the proposed merger with Frontier for Thursday, June 30, 2022 at 9:00 a.m., Eastern Time. All stockholders of record as of the close of business on May 6, 2022 are entitled to vote at the Special Meeting.
The Spirit Board of Directors strongly recommends you vote FOR the merger on the WHITE proxy card today. For more information on how to vote for the merger, please call the Company's proxy solicitor, Okapi Partners, on their toll-free number 855-208-8903 or email info@okapipartners.com.
About Spirit Airlines
Spirit Airlines (NYSE: SAVE) is committed to delivering the best value in the sky. We are the leader in providing customizable travel options starting with an unbundled fare. This allows our Guests to pay only for the options they choose — like bags, seat assignments and refreshments — something we call Á La Smarte. We make it possible for our Guests to venture further and discover more than ever before. Our Fit Fleet® is one of the youngest and most fuel-efficient in the U.S. We serve destinations throughout the U.S., Latin America and the Caribbean and are dedicated to giving back and improving those communities. Come save with us at spirit.com.
Additional Information About the JetBlue Tender Offer
Spirit has filed a solicitation/recommendation statement with respect to the tender offer with the Securities and Exchange Commission ("SEC"). INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE SOLICITATION/RECOMMENDATION STATEMENT WITH RESPECT TO THE TENDER OFFER AND OTHER RELEVANT DOCUMENTS THAT ARE FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE TENDER OFFER. You will be able to obtain free copies of the solicitation/recommendation statement with respect to the tender offer and other documents filed with the SEC by Spirit through the website maintained by the SEC at www.sec.gov. In addition, investors and stockholders will be able to obtain free copies of the documents filed with the SEC by Spirit on Spirit's Investor Relations website at https://ir.spirit.com.
No Offer or Solicitation
This communication is for informational purposes only and is not intended to and does not constitute an offer to sell, or the solicitation of an offer to subscribe for or buy, or a solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in which such offer, sale or solicitation would be unlawful, prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law.
Important Additional Information Will be Filed with the SEC
Frontier has filed with the Securities and Exchange Commission ("SEC") a Registration Statement on Form S-4 in connection with the proposed transaction, including a definitive Information Statement/Prospectus of Frontier and a definitive Proxy Statement of Spirit. The Form S-4 was declared effective on May 11, 2022 and the prospectus/proxy statement was first mailed to Spirit stockholders on May 11, 2022. Frontier and Spirit also plan to file other relevant documents with the SEC regarding the proposed transaction. INVESTORS AND STOCKHOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT/ INFORMATION STATEMENT/ PROSPECTUS/ PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS TO BE FILED BY FRONTIER OR SPIRIT WITH THE SEC IN THEIR ENTIRETY CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT FRONTIER, SPIRIT, THE PROPOSED TRANSACTIONS AND RELATED MATTERS. Investors and stockholders are able to obtain free copies of the Registration Statement and the definitive Information Statement/Proxy Statement/Prospectus and other documents filed with the SEC by Frontier and Spirit through the website maintained by the SEC at www.sec.gov. In addition, investors and stockholders will be able to obtain free copies of the information statement and the proxy statement and other documents filed with the SEC by Frontier and Spirit on Frontier's Investor Relations website at https://ir.flyfrontier.com and on Spirit's Investor Relations website at https://ir.spirit.com.
Participants in the Solicitation
Frontier and Spirit, and certain of their respective directors and executive officers, may be deemed to be participants in the solicitation of proxies in respect of the proposed transactions contemplated by the Merger Agreement. Information regarding Frontier's directors and executive officers is contained in Frontier's definitive proxy statement, which was filed with the SEC on April 13, 2022. Information regarding Spirit's directors and executive officers is contained in Spirit's definitive proxy statement, which was filed with the SEC on March 30, 2022.
Cautionary Statement Regarding Forward-Looking Information
Certain statements in this communication, including statements concerning Frontier, Spirit, JetBlue, the proposed transactions and other matters, should be considered forward-looking within the meaning of the Securities Act of 1933, as amended, the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on Frontier's, Spirit's and JetBlue's current expectations and beliefs with respect to certain current and future events and anticipated financial and operating performance. Such forward-looking statements are and will be subject to many risks and uncertainties relating to Frontier's, Spirit's and JetBlue's operations and business environment that may cause actual results to differ materially from any future results expressed or implied in such forward looking statements. Words such as "expects," "will," "plans," "intends," "anticipates," "indicates," "remains," "believes," "estimates," "forecast," "guidance," "outlook," "goals," "targets" and other similar expressions are intended to identify forward-looking statements. Additionally, forward-looking statements include statements that do not relate solely to historical facts, such as statements which identify uncertainties or trends, discuss the possible future effects of current known trends or uncertainties, or which indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed, or assured. All forward-looking statements in this communication are based upon information available to Frontier and Spirit on the date of this communication. Frontier and Spirit undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances, or otherwise, except as required by applicable law.
Actual results could differ materially from these forward-looking statements due to numerous factors including, without limitation, the following: the occurrence of any event, change or other circumstances that could give rise to the right of one or both of the parties to terminate the merger agreement; failure to obtain applicable regulatory or Spirit stockholder approval in a timely manner or otherwise; failure to satisfy other closing conditions to the proposed transactions; failure of the parties to consummate the transaction; risks that the new businesses will not be integrated successfully or that the combined companies will not realize estimated cost savings, value of certain tax assets, synergies and growth, or that such benefits may take longer to realize than expected; failure to realize anticipated benefits of the combined operations; risks relating to unanticipated costs of integration; demand for the combined company's services; the growth, change and competitive landscape of the markets in which the combined company participates; expected seasonality trends; diversion of managements' attention from ongoing business operations and opportunities; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the transaction; risks related to investor and rating agency perceptions of each of the parties and their respective business, operations, financial condition and the industry in which they operate; risks related to the potential impact of general economic, political and market factors on the companies or the proposed transaction; that Frontier's cash and cash equivalents balances, together with the availability under certain credit facilities made available to Frontier and certain of its subsidiaries under its existing credit agreements, will be sufficient to fund Frontier's operations including capital expenditures over the next 12 months; Frontier's expectation that based on the information presently known to management, the potential liability related to Frontier's current litigation will not have a material adverse effect on its financial condition, cash flows or results of operations; that the COVID-19 pandemic will continue to impact the businesses of the companies; ongoing and increase in costs related to IT network security; the outcome of any discussions between JetBlue and Spirit with respect to a possible transaction, including the possibility that the parties will not agree to pursue a business combination transaction or that the terms of any such transaction will be materially different from those described herein; the conditions to the completion of the possible transaction, including the receipt of any required stockholder and regulatory approvals and, in particular, the companies' expectation as to the likelihood of receipt of antitrust approvals; JetBlue's ability to finance the possible transaction and the indebtedness JetBlue expects to incur in connection with the possible transaction; the possibility that JetBlue may be unable to achieve expected synergies and operating efficiencies within the expected timeframes or at all and to successfully integrate Spirit's operations with those of JetBlue, and the possibility that such integration may be more difficult, time-consuming or costly than expected or that operating costs and business disruption (including, without limitation, disruptions in relationships with employees, customers or suppliers) may be greater than expected in connection with the possible transaction; and other risks and uncertainties set forth from time to time under the sections captioned "Risk Factors" in Frontier's, Spirit's and JetBlue's reports and other documents filed with the SEC from time to time, including their Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q.
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SOURCE Spirit Airlines, Inc. | https://www.mysuncoast.com/prnewswire/2022/06/26/iss-recommends-that-spirit-airlines-stockholders-vote-amended-merger-agreement-with-frontier/ | 2022-06-26T20:15:05Z |
MYRTLE BEACH, S.C. (WBTW) — On Monday, a judge voided the federal mask mandate for public transportation, and the Transportation Security Administration said it would no longer enforce the rule at airports.
After the ruling, the Centers for Disease Control and Prevention said it would continue to recommend wearing masks for public transportation, but it would no longer be required.
Here’s where each major airline stands.
American Airlines
“In accordance with the Transportation Security Administration no longer enforcing the federal face mask mandate, face masks will no longer be required for our customers and team members at U.S. airports on domestic flights,” the airline said in a statement.
American Airlines said masks may still be required at some destinations based on local ordinances or in some international locations.
Delta Air Lines
“Effective immediately, masks are optional for all airport employees, crew members and customers inside U.S. airports and onboard aircraft,” Delta said in a statement.
In a memo to employees, Delta said customers and employees can still choose to wear a mask if they wish, and it urged employees to be patient as enforcement may be inconsistent while guidance is shared.
“You may experience inconsistent enforcement during the next 24 hours as this news is more broadly communicated — remember to show understanding and patience with others who may not be aware enforcement is no longer required,” the memo reads.
The airline also added that it may take a short amount of time to update passengers with signage and announcements.
“We are relieved to see the U.S. mask mandate lift to facilitate global travel as COVID-19 has transitioned into an ordinary seasonal virus,” the memo reads. “Thank you for your support in complying with the federal mask mandate and keeping each other, and our customers, safe during the pandemic.”
Spirit Airlines
Spirit Airlines has made masks optional, according to a statement from the airline. Crew and passengers may still choose to wear face coverings if desired.
The airline said guests traveling internationally should check requirements for their destination before traveling.
Southwest Airlines
“Effective immediately, Southwest Employees and Customers will be able to choose whether they would like to wear a mask, and we encourage individuals to make the best decision to support their personal wellbeing,” the airline said in a news release.
The airline added that its cabin air ventilation system “incorporates HEPA air filtration that removes at least 99.97% of airborne particles.”
“We appreciate the cooperation and compliance efforts of our Customers and Employees as policies have evolved,” the airline said.
United Airlines
“Effective immediately, masks are no longer required at United on domestic flights, select international flights (dependent upon the arrival country’s mask requirements) or at U.S. airports,” an airline representative said in a statement.
“While this means that our employees are no longer required to wear a mask — and no longer have to enforce a mask requirement for most of the flying public — they will be able to wear masks if they choose to do so, as the CDC continues to strongly recommend wearing a mask on public transit.”
“We will continue to closely monitor the situation in the event of changes.” | https://cw33.com/news/do-i-have-to-wear-a-mask-on-my-flight-heres-where-major-airlines-stand/ | 2022-04-19T14:57:01Z |
Curis working with clinical sites to resume enrollment
Preliminary clinical data update expected in 2023
LEXINGTON, Mass., Aug. 18, 2022 /PRNewswire/ -- Curis, Inc. (NASDAQ: CRIS), a biotechnology company focused on the development of innovative therapeutics for the treatment of cancer, today announced that the U.S. Food and Drug Administration (FDA) has lifted the partial clinical hold on the TakeAim Lymphoma Phase 1/2 study of emavusertib after reviewing the comprehensive data package submitted by Curis.
"We are excited to announce that FDA has completed its review of the TakeAim Lymphoma study and has lifted the partial clinical hold. We are working with our clinical sites to quickly resume enrollment of new patients in this study in the third quarter," said James Dentzer, President and Chief Executive Officer of Curis.
Previously, Curis announced that the FDA had placed separate partial clinical holds on the TakeAim Leukemia and TakeAim Lymphoma studies on April 4 and April 11, 2022, respectively. The partial hold on the TakeAim Leukemia study was issued by the FDA Division of Hematologic Malignancies 1 (DHM1), which regulates clinical studies in leukemia. The partial hold on the TakeAim Lymphoma study, and the lifting of that hold, was issued by the FDA Division of Hematologic Malignancies 2 (DHM2), which regulates clinical studies in lymphoma. The partial clinical hold was lifted following agreement with the FDA on Curis's strategy for rhabdomyolysis identification and management, as well as on the enrollment of at least nine additional patients at the 200 mg dose level of emavusertib in combination with ibrutinib.
With the partial clinical hold lifted on the TakeAim Lymphoma study, the Company is updating its timeline for clinical data release to reflect the availability of updated preliminary data from this study in 2023. In addition, Curis is proactively discussing the clinical plans for emavusertib, including alignment on optimal dose and development path, with DHM2 for the TakeAim Lymphoma study.
About Emavusertib (CA-4948)
Emavusertib is an IRAK4 kinase inhibitor and IRAK4 plays an essential role in the toll-like receptor (TLR) and interleukin-1 receptor (IL-1R) signaling pathways, which are frequently dysregulated in patients with cancer. TLRs and the IL-1R family signal through the adaptor protein MYD88, which results in the assembly and activation of IRAK4, initiating a signaling cascade that induces cytokine and survival factor expression mediated by the NF-κB protein complex. Additionally, third parties have recently discovered that the long form of IRAK4 (IRAK4-L) is oncogenic and preferentially expressed in over half of patients with acute myeloid leukemia (AML) and myelodysplastic syndrome (MDS). The overexpression of IRAK4-L is believed to be driven by a variety of factors, including specific spliceosome mutations such as SF3B1 and U2AF1. In addition to inhibiting IRAK4, emavusertib was also designed to inhibit FLT3, a known oncologic driver, which may provide additional benefit in patients with AML and MDS.
About TakeAim Leukemia
The TakeAim Leukemia study (NCT04278768) is a Phase 1/2 open-label dose escalation, dose expansion clinical trial investigating emavusertib as a monotherapy and in combination with azacitidine or venetoclax in patients with relapsed or refractory (R/R) AML or high risk MDS. After dose escalation in both monotherapy and combination therapy to determine the recommended Phase 2 dose (RP2D), we plan to expand five cohorts: monotherapy in AML patients with spliceosome and FLT3 mutations, monotherapy in patients with MDS and spliceosome mutations and combination therapy with azacitidine or venetoclax in patients without spliceosome or FLT3 mutations. The goals of the study are to determine several parameters including safety, maximum tolerated dose (MTD), RP2D and signals of activity.
About TakeAim Lymphoma
The TakeAim Lymphoma study (NCT03328078) is a Phase 1/2 open-label, dose escalation, dose expansion clinical trial investigating emavusertib as monotherapy and in combination with ibrutinib in patients with R/R hematologic malignancies, such as non-Hodgkin's lymphoma and other B cell malignancies. After dose escalation in both monotherapy and combination therapy to determine the RP2D, we plan to expand four cohorts for combination treatment: marginal zone lymphoma, activated b-cell diffuse large b-cell lymphoma, primary CNS lymphoma, and patients developing adaptive resistance to ibrutinib monotherapy. The goals of the study are to determine several parameters including safety, MTD, RP2D and signals of activity.
About Curis, Inc.
Curis is a biotechnology company focused on the development of innovative therapeutics for the treatment of cancer. In 2015, Curis entered into a collaboration with Aurigene in the areas of immuno-oncology and precision oncology. As part of this collaboration, Curis has exclusive licenses to oral small molecule antagonists of immune checkpoints including the VISTA/PDL1 antagonist CA-170, and the TIM3/PDL1 antagonist CA-327, as well as the IRAK4 kinase inhibitor, emavusertib (CA-4948). Emavusertib is currently undergoing testing in the Phase 1/2 TakeAim Lymphoma trial, in patients with hematologic malignancies, such as non-Hodgkin's lymphoma and other B cell malignancies, both as a monotherapy and in combination with BTK inhibitor ibrutinib, and the Phase 1/2 TakeAim Leukemia trial in patients with AML and MDS, for which it has received Orphan Drug Designation from the U.S. Food and Drug Administration. The FDA has placed a partial clinical hold on the TakeAim Leukemia trial during which no new patients will be enrolled, and current study participants benefiting from treatment may continue to be treated with emavusertib at doses of 300mg BID or lower. In addition, Curis is engaged in a collaboration with ImmuNext for development of CI-8993, a monoclonal anti-VISTA antibody, which is currently undergoing testing in a Phase 1 trial in patients with solid tumors. Curis is also party to a collaboration with Genentech, a member of the Roche Group, under which Genentech and Roche are commercializing Erivedge® for the treatment of advanced basal cell carcinoma.
For more information, visit Curis's website at www.curis.com.
Cautionary Note Regarding Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including, without limitation, any statements with respect to Curis's plans, strategies and objectives to resume and further patient enrollment in its TakeAim Lymphoma trial and its ability to resolve the partial clinical hold of the TakeAim Leukemia study, statements concerning product research, development, clinical trials and studies and commercialization plans, timelines, anticipated results or the therapeutic potential of drug candidates including any statements regarding the initiation, progression, expansion, use, safety, efficacy, dosage and potential benefits of emavusertib in clinical trials as a monotherapy and/or as a combination therapy, Curis's plans and timelines to provide preliminary, interim and/or additional data from its ongoing or planned clinical trials, any statements concerning Curis's expectations regarding its interactions with the FDA, statements with respect to mutations or potential biomarkers, and statements of assumptions underlying any of the foregoing. Forward-looking statements may contain the words "believes," "expects," "anticipates," "plans," "intends," "seeks," "estimates," "assumes," "predicts," "projects," "targets," "will," "may," "would," "could," "should," "continue," "potential," "focus," "strategy," "mission," or similar expressions. These forward-looking statements are not guarantees of future performance and involve risks, uncertainties, assumptions and other important factors that may cause actual results to be materially different from those indicated by such forward-looking statements. For example, the FDA may not remove the partial clinical hold on the Phase 1/2 TakeAim Leukemia trial or may take further regulatory action with regard to such trials. Curis may experience adverse results, delays and/or failures in its drug development programs and may not be able to successfully advance the development of its drug candidates in the time frames it projects, if at all. Curis's drug candidates may cause unexpected toxicities, fail to demonstrate sufficient safety and efficacy in clinical studies and/or may never achieve the requisite regulatory approvals needed for commercialization. Favorable results seen in preclinical studies and early clinical trials of Curis's drug candidates may not be replicated in later trials. There can be no guarantee that the collaboration agreements with Aurigene and ImmuNext will continue for their full terms, or the CRADA with NCI, that Curis or its collaborators will each maintain the financial and other resources necessary to continue financing its portion of the research, development and commercialization costs, or that the parties will successfully discover, develop or commercialize drug candidates under the collaboration. Regulatory authorities may determine to delay or restrict Genentech's and/or Roche's ability to continue to develop or commercialize Erivedge in basal cell carcinoma (BCC). Erivedge may not demonstrate sufficient or any activity to merit its further development in disease indications other than BCC. Competing drugs may be developed that are superior to Erivedge. In connection with its agreement with Oberland Capital, Curis faces risks relating to the transfer and encumbrance of certain royalty and royalty-related payments on commercial sales of Erivedge, including the risk that, in the event of a default by Curis or its wholly-owned subsidiary, Curis could lose all retained rights to future royalty and royalty-related payments, Curis could be required to repurchase such future royalty and royalty-related payments at a price that is a multiple of the payments it has received, and its ability to enter into future arrangements may be inhibited, all of which could have a material adverse effect on its business, financial condition and stock price. Curis will require substantial additional capital to fund its business. If it is not able to obtain sufficient funding, it will be forced to delay, reduce in scope or eliminate some of its research and development programs, including related clinical trials and operating expenses, potentially delaying the time to market for, or preventing the marketing of, any of its product candidates, which could adversely affect its business prospects and its ability to continue operations, and would have a negative impact on its financial condition and its ability to pursue its business strategies. Curis faces substantial competition. Curis and its collaborators face the risk of potential adverse decisions made by the FDA and other regulatory authorities, investigational review boards, and publication review bodies. Curis may not obtain or maintain necessary patent protection and could become involved in expensive and time-consuming patent litigation and interference proceedings. Unstable market and economic conditions, natural disasters, public health crises, political crises and other events outside of Curis's control could significantly disrupt its operations or the operations of third parties on which Curis depends and could adversely impact Curis's operating results and its ability to raise capital. For example, the COVID-19 pandemic may result in closures of third-party facilities, impact enrollment in clinical trials or impact sales of Erivedge by Genentech and/or Roche. The extent to which the COVID-19 pandemic may impact Curis's business or operating results is uncertain. Other important factors that may cause or contribute to actual results being materially different from those indicated by forward-looking statements include the factors set forth under the captions "Risk Factor Summary" and "Risk Factors" in our most recent Form 10-K and Form 10-Q, and the factors that are discussed in other filings that we periodically make with the Securities and Exchange Commission ("SEC"). In addition, any forward-looking statements represent the views of Curis only as of today and should not be relied upon as representing Curis's views as of any subsequent date. Curis disclaims any intention or obligation to update any of the forward-looking statements after the date of this press release whether as a result of new information, future events or otherwise, except as may be required by law.
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SOURCE Curis, Inc. | https://www.kxii.com/prnewswire/2022/08/18/fda-lifts-partial-clinical-hold-takeaim-lymphoma-study-emavusertib/ | 2022-08-18T13:22:20Z |
NASSAU, Bahamas, July 1, 2022 /PRNewswire/ -- With newly eased travel entry protocols as well as a slew of new flights, getting to The Bahamas just got a whole lot easier. And with fun summer events and hot summer deals, now is the perfect time for travelers to delve into adventures across the islands.
NEWS
The Bahamas Loosens Entry Protocols — As of 19 June 2022, all travelers entering The Bahamas, regardless of vaccination status, are no longer required to apply for The Bahamas Travel Health Visa. Vaccinated travelers also no longer need to submit a negative COVID-19 test upon arrival, making travelling to The Bahamas a breeze.
Bahamasair Relaunches Route from Orlando to Grand Bahama — From 30 June through 10 September, Bahamasair is providing Floridians with new options to reach Grand Bahama Island. During that time, nonstop flights will take place twice a week and can cost as little as $297 round-trip.
Boating Flings Are in Full Swing — This summer, The Bahamas Tourist Office will host boaters in caravans, across the Gulf Stream and into the beautiful Bahamian waters, in a series of exciting Boating Flings. Participants will enjoy various activities across the islands, savour delicious Bahamian cuisine and engage in authentic Bahamian experiences.
Junkanoo Summer Festival, July 2022 and Bahamas Goombay Summer Festival, July-August 2022 are back. To learn more visit www.Bahamas.com/events.
Ashanti and Robin Thicke Perform Live at Atlantis Paradise Island Music Series — Five-time Grammy Award nominee Robin Thicke and Grammy Award-winning singer/songwriter Ashanti will perform live at Atlantis Paradise Island at Casuarina Beach on 16 July 2022. Tickets start at $51.70.
Bimini Big Game Club Debuts New Waterfront Restaurant — Bimini Big Game Club is now home to the Bimini Seafood Company and Conch Bar, where diners can indulge in fresh Bahamian fare and classic cocktails — from drunken shrimp to Bahama Mamas — in a relaxed outdoor setting.
Disney Wish to Set Sail on Maiden Voyage — The Disney Wish will set sail from Port Canaveral, Florida, on its maiden voyage on 14 July 2022. It will offer travelers three- and four-night cruises to The Bahamas, with stops at Disney's private island, Castaway Cay.
PROMOTIONS AND OFFERS
For a list of deals and discounted packages for The Bahamas, visit www.bahamas.com/deals-packages.
Enjoy the 7th Night Free at Taino Beach Resort — Guests who book a stay at Taino Beach Resort for six nights can get the seventh night free. The beachfront resort on Grand Bahama Island features breathtaking views and plenty of amenities that make for a perfect family vacation.
Get a Free Wedding at Sandals Royal Bahamian — Lovebirds staying at Sandals Royal Bahamian in Nassau more than three nights will receive a free wedding that includes a venue for the ceremony, a bouquet and a cake. Offer is valid for travel before 31 December 2022.
ABOUT THE BAHAMAS
See why It's Better in The Bahamas at www.bahamas.com Facebook, YouTube or Instagram.
PRESS INQUIRIES
Anita Johnson-Patty
Bahamas Ministry of Tourism, Investments & Aviation
ajohnson@bahamas.com
Weber Shandwick
Public Relations
Bahamas@webershandwick.com
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SOURCE The Bahamas Ministry of Tourism, Investments & Aviation | https://www.mysuncoast.com/prnewswire/2022/07/01/whats-new-bahamas-july/ | 2022-07-01T19:30:30Z |
Principal arrested on fraud charges, placed on administrative leave, officials say
BILOXI, Miss. (WLOX/Gray News) - A principal in Mississippi has been arrested on fraud charges.
Authorities said Melissa Nance is currently the principal at Nichols Elementary School, but the alleged crimes aren’t related to the Biloxi Public School District.
WLOX reports Nance’s felony charges are coming from the Mississippi Office of the State Auditor and include conspiracy, intent to defraud and to make fraudulent statements/representations.
According to officials, Nance is being held at the Harrison County Adult Detention Center in Yalobusha County and has been placed on administrative leave from her job with the Biloxi school district.
“Mrs. Nance is a longtime employee and principal with an excellent record of success in the Biloxi Public School District. As we await the outcome of these allegations, we will continue to cooperate fully with the State Auditor’s Office,” Biloxi Public School District Spokeswoman Jennifer Pyron said.
Copyright 2022 WLOX via Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/07/21/principal-arrested-fraud-charges-placed-administrative-leave-officials-say/ | 2022-07-21T03:01:20Z |
ST. LOUIS (AP) — Yadier Molina hit a two-run drive while Albert Pujols went hitless in his quest for 700 homers, and the St. Louis Cardinals beat the Cincinnati Reds 5-1 on Saturday in the first game of a doubleheader.
Pujols started at first base and hit second for the first time this season. He went 0 for 3 with two walks in his first two plate appearances. The sold-out crowd of 46,678 loudly booed both walks.
St. Louis manager Oliver Marmol said playing Pujols so frequently is a no-brainer despite his age of 42.
“When you put a winning lineup out there, he’s in it,” Marmol said. “It’s not a matter of whether we’re facing a lefty or a righty. He’s in there because he’s doing a nice job against everybody. It’s just a matter now of resting him to make sure he’s fresh.”
Pujols hit career homer No. 698 during Friday night’s 6-5 victory over Cincinnati. He is hitting .317 (45 for 142) with 15 homers and 35 RBIs in 48 games since July 10.
Tommy Edman had three hits for the NL Central-leading Cardinals. Paul Goldschmidt and Brendan Donovan each drove in a run.
The doubleheader was scheduled after a July 17 rainout. It is the sixth doubleheader for the Cardinals this season, and No. 5 for the Reds.
TJ Friedl hit an RBI double in the seventh to account for Cincinnati’s only run. Mike Minor (4-12) issued five walks in three innings and was charged with five runs and five hits.
“I was battling my control,” Minor said. “I just couldn’t throw where I wanted to. I was trying to throw strikes but obviously I couldn’t. If you can’t throw a strike, it’s tough to get guys out.”
The lowly Reds lost for the eighth time in nine games.
“I thought we hit some balls hard but their defense made some nice plays in the outfield,” Cincinnati manager David Bell said.
St. Louis right-hander Dakota Hudson (8-7) pitched a career-high eight innings of six-hit ball in his first big league start since Aug. 30.
“That’s what we’ve been looking for all year,” Marmol said. “Super efficient. Overall, that’s exactly what we’ve been waiting for. Legit outing.”
Hudson was optioned to Triple-A Memphis on Sept. 5.
“I’ve been trying all year to get in a position to help us win,” Hudson said. “I had to have that mental talk with myself and say that’s what we’re going to do. The four-hour drive to Memphis is a perfect time for it. As much as I hated it and it did make me angry, maybe it will help me turn the page.”
The Cardinals jumped in front with two runs in the second. Edman singled in Donovan, and Goldschmidt drove in Molina with a bases-loaded walk. It was the Reds’ 14th bases-loaded walk this season, second-most in MLB.
Molina hit his fifth homer in the third, a drive to left that capped a three-run inning.
“I gave him a (batting practice) fastball,” Minor said. “I could have hit that one out.”
It was Molina’s third homer in September.
“He’s done a nice job,” Marmol said. “His approach is what it needs to be. He’s using the whole field. He’s picking his spots to do damage.”
STAN THE MAN & PUJOLS
Pujols made his 1,653rd career appearance in a team win, tying Stan Musial (1941-63) for fourth in MLB history. Pujols’ two walks gave him 999 with the Cardinals and 1,369 overall.
SATURDAY AT THE PARK
St. Louis is an MLB-best 19-6 (.760) on Saturday this season (9-3 at home), its most successful day of the week. With the win, the Cardinals established a single-season franchise record for Saturday victories, surpassing the 1962 (18-11) and 2014 (18-9) clubs.
ROSTER MOVES
Reds: RHP Raynel Espinal was optioned to Triple-A Louisville. … RHP Kyle Dowdy was recalled from the taxi squad to serve as the 29th player for the doubleheader. He pitched four scoreless innings in his second big league appearance of the season.
Cardinals: Before Saturday’s first game, Hudson was added as the 29th player for the doubleheader.
TRAINER’S ROOM
Reds: RHP Hunter Greene (right shoulder strain) was reinstated from the 15-day injured list. He was slated to start the second game. … RHP Graham Ashcraft (right biceps soreness) is set for a second rehab outing for Triple-A Louisville on Monday.
Cardinals: OF Dylan Carlson (left thumb sprain) came off the 10-day injured list and started in center field. … OF Tyler O’Neill (left hamstring strain) was placed on the 10-day IL. … LHP Steven Matz (torn ligament, left knee) is set for his final relief outing for Triple-A Memphis on Sunday at Iowa.
UP NEXT
Reds: Greene (4-12, 5.26 ERA) struck out 15 during three rehabilitation appearances for Triple-A Louisville. The rookie is 0-2 with a 5.40 ERA in three starts against the Cardinals this season.
Cardinals: LHP José Quintana (5-6, 3.34 ERA) has allowed two earned runs or fewer in all eight appearances for the Cardinals since arriving from the Pirates in a trade on Aug. 2.
___
More AP MLB: https://apnews.com/MLB and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/ap-molina-homers-pujols-goes-hitless-as-cards-beat-reds-5-1/ | 2022-09-18T14:51:05Z |
(The Hill) – ExxonMobil and Chevron released statements this week saying the Biden administration could be doing more to address oil prices as the president has gone after the companies for making large profits while gas prices spike.
On Tuesday, President Biden slammed oil executives in a letter saying they had unacceptable high profit margins while regular Americans are suffering and calling on the industry to work with the administration to address increased prices from the Russian invasion of Ukraine.
“We understand the significant concerns around higher fuel prices currently faced by consumers around the country, and the world. We share these concerns, and expect the Administration’s approach to energy policy will start to better reflect the importance of addressing them,” Chevron said in a statement targeting Biden.
ExxonMobil offered short- and long-term solutions for high oil prices in response.
The company said emergency measures “such as waivers of Jones Act provisions and some fuel specifications to increase supplies” could be used to address short term concerns. Long term policies could include “streamlined regulatory approval and support for infrastructure such as pipelines,” it suggested.
Chevron said that since Biden got into office, the administration has relayed that it will “impose obstacles to our industry delivering energy resources the world needs.”
Both companies highlighted in statements measures they have taken during this time where Americans are seeing the highest gas prices in years.
Chevron said it will be increasing Permian Basin production by more than 15 percent this year. ExxonMobil says it has increased refining capacity to process U.S. light crude by around 250,000 barrels a day.
After the pandemic, ExxonMobil also stressed it borrowed $30 billion to prepare for the post-pandemic increase in oil demand.
In response to the oil price increases, Biden has released an unprecedented amount of oil from the Strategic Petroleum Reserve.
However, the war in Ukraine put a further strain on the global energy supply which has added to the U.S.’s struggles with inflation and fuel prices in particular.
“The crunch that families are facing deserves immediate action,” Biden said in the letter. “Your companies need to work with my Administration to bring forward concrete, near-term solutions that address the crisis and respect the critical equities of energy workers and fence-line communities.” | https://cw33.com/news/nexstar-media-wire/exxon-mobil-chevron-push-back-on-biden-blaming-industry-for-oil-prices/ | 2022-06-16T21:56:58Z |
Learn about the performance-enhancing benefits of creatine supplements at The Vitamin Shoppe® and Super Supplements stores – and enjoy discounts on BodyTech® and BodyTech Elite® creatine supplements
SECAUCUS, N.J., June 24, 2022 /PRNewswire/ ---- The Vitamin Shoppe, an omni-channel specialty retailer of nutritional products, today announced the creation and celebration of the first-ever National Creatine Day on July 9, 2022. The new annual day recognizes creatine as one of the most popular and fastest-growing sports nutrition supplements at The Vitamin Shoppe and aims to educate health and fitness enthusiasts everywhere about the many proven benefits of creatine in improving strength and athletic performance.
Sharon Leite, CEO of The Vitamin Shoppe, commented: "As the leading retail destination for lifelong wellness solutions, The Vitamin Shoppe is focusing a spotlight on a uniquely popular and effective sports nutrition supplement with our inaugural National Creatine Day on July 9. Driven by the continual expansion of active lifestyles across many demographics and newfound exposure on social media apps like TikTok, creatine has seen significant sales growth in our business over the past year. Young adults and women have been key audiences driving this growth and we are excited that so many customers are learning about, and experiencing, the powerful benefits of this in-demand product."
Found naturally in muscle cells, creatine supports muscle growth, strength and recovery. A broad body of clinical research has shown that creatine can enhance sports performance, strength training, post-exercise recovery, and injury prevention and rehabilitation. A typical, healthy diet provides about one to two grams of creatine per day, which provides 60% to 80% muscle saturation of creatine. The goal of creatine supplementation is to make up that extra 20% to 40% of muscle saturation for optimal athletic performance.
While creatine is primarily known as an ingredient to benefit strength and muscle health, additional research of the ingredient has suggested it may have benefits beyond the gym. These include benefits for healthy aging and combatting muscle loss in older individuals; supporting brain function and memory; and aiding glucose metabolism and a healthy blood sugar balance.
As part of The Vitamin Shoppe's celebration of National Creatine Day, the company is introducing its new BodyTech® Creatine HCl (hydrochloride) formula, which is easier on the gut than creatine monohydrate and is highly water soluble for easy mixing.
In addition, all shoppers will receive 20% off their purchase of any BodyTech® or BodyTech Elite® creatine product from June 27 through July 8. The discount will go up to 30 percent on July 9 and 10. This offer is valid at all retail locations of The Vitamin Shoppe and Super Supplements, as well as online at www.vitaminshoppe.com.
About The Vitamin Shoppe®
Lifelong Wellness Starts Here™. The Vitamin Shoppe®, a subsidiary of Franchise Group Inc. (NASDAQ: FRG), is a global, omnichannel specialty retailer and wellness lifestyle Company with the mission of providing customers with the most trusted products, guidance, and services to support them on their journeys of lifelong wellness. Based in Secaucus, New Jersey, the Company offers a comprehensive assortment of nutritional solutions, including vitamins, minerals, specialty supplements, herbs, sports nutrition, homeopathic remedies, green living products, and natural beauty products. In addition to carrying products from approximately 700 national brands, The Vitamin Shoppe offers products from its proprietary brands within its owned and wholesale channels, including: The Vitamin Shoppe®, Vthrive The Vitamin Shoppe™, BodyTech®, BodyTech® Elite, fitfactor™, fitfactor KETO™, plnt®, ProBioCare®, True Athlete®, and TrueYou™. In the U.S., the Company conducts business through over 700 company-operated retail stores under The Vitamin Shoppe and Super Supplements™ banners, and via its website, www.vitaminshoppe.com. The company is expanding its retail footprint via an innovative, omnichannel franchising model and opened its first franchise store in 2022. Globally, The Vitamin Shoppe serves customers in select Asia, South America, and Central America markets through omni-channel retail partners.
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SOURCE The Vitamin Shoppe | https://www.wibw.com/prnewswire/2022/06/24/vitamin-shoppe-establishes-july-9-national-creatine-day-amplify-proven-benefits-increasingly-popular-sports-nutrition-supplement/ | 2022-06-24T13:55:27Z |
NEW YORK, July 19, 2022 /PRNewswire/ -- KPMG LLP, the U.S. audit, tax and advisory firm, has named Diane Swonk – a prominent economist, recognized industry voice and sought-after business advisor – as Chief Economist. Swonk, based in Chicago, will lead the firm's Office of the Chief Economist, which provides deep insights to clients on the economy and how it impacts strategy, growth and operations.
"Our Office of the Chief Economist offers leading economic intelligence to help our clients improve strategic decision-making," said Tandra Jackson, Vice Chair – Growth and Strategy, KPMG LLP. "Diane's broad experience and wide-reaching influence will be tremendously valuable in leading those efforts."
Swonk joins KPMG from Grant Thornton LLP, where she served as chief economist. She has more than three decades of experience in financial services and consulting and serves as an advisor to the Federal Reserve and its regional banks. Swonk also serves on the U.S. Chamber of Commerce economic advisory board and is a member of the Council on Foreign Relations.
Additionally, Swonk also advised the Council of Economic Advisers (CEA) for the White House under three presidents and served two terms on the Congressional Budget Office's panel of economic advisors. She was named a fellow by the National Association for Business Economics for her outstanding contributions to the field of business economics and was named among the 100 most influential economists in the world for her analysis of the pandemic. She received a lifetime achievement award from the Association for Corporate Growth.
Diane is deeply committed to educational attainment and diversifying the ranks of leadership. She serves on the board of the Posse Foundation in Chicago, an education and leadership program. She works extensively with the Yale Dyslexia and Creative Institute. She just joined the Harris Policy School Council at the University of Chicago after serving for 15 years on the Council for Booth School of Business. She also serves on the board of the Foundation for the National Association for Business Economics (NABE); she serves on the statistics committee for NABE to promote the quality and integrity of U.S. economic data.
She advises the University of Michigan Economics Department, where she earned her B.A. and M.A. in economics with top honors. She earned an MBA in finance and strategic planning with top honors from the University of Chicago's Booth School of Business.
KPMG LLP is the U.S. firm of the KPMG global organization of independent professional services firms providing audit, tax and advisory services. The KPMG global organization operates in 144 countries and territories and has more than 236,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.
KPMG is widely recognized for being a great place to work and build a career. Our people share a sense of purpose in the work we do, and a strong commitment to community service, inclusion and diversity, and eradicating childhood illiteracy. Learn more at www.kpmg.com/us.
Contact:
Celia Ampel
KPMG LLP
520-307-0759
campel@kpmg.com
Karen Nye
KPMG LLP
646-207-6708
knye@kpmg.com
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SOURCE KPMG LLP | https://www.mysuncoast.com/prnewswire/2022/07/19/kpmg-names-diane-swonk-chief-economist/ | 2022-07-19T16:36:20Z |
Mayorkas pushes back on Republican concerns about DHS disinformation board
By Christian Sierra and Chandelis Duster, CNN
Homeland Security Secretary Alejandro Mayorkas on Wednesday defended his agency’s new working group dubbed the “Disinformation Governance Board” against criticism that it would censor or investigate free speech.
It was the latest effort by the Department of Homeland Security to quell concerns about the new initiative, which was announced last week and swiftly prompted Republican objections.
During a Senate appropriations committee hearing Wednesday, Mayorkas pushed back on assertions that the group would be “the truth police,” in an exchange with Republican Sen. John Kennedy of Louisiana.
“That is the farthest thing from the truth. We protect the security of the homeland, and once again, allow me to articulate what I have said previously, which is that the working group does not have operational capability and authority,” Mayorkas said. “It is to make sure that there are policies in place, standards in place, to protect the very rights about which you inquire.”
The Disinformation Governance Board, an interagency team, coordinates department activities related to disinformation aimed at the US population and infrastructure. Nina Jankowicz, a disinformation expert with experience working on Ukraine and Russia issues, was tapped to helm the board, along with two senior DHS officials, including acting Principal Deputy General Counsel Jen Daskal.
Jankowicz’s appointment drew condemnation from GOP lawmakers and right-wing media personalities, who pointed to her past tweets and statements regarding the laptop of President Joe Biden‘s son, Hunter Biden, and Christopher Steele, the author of the so-called Steele dossier. Jankowicz announced her appointment on Twitter last week and responded to some of the criticism regarding a tweet about Hunter Biden’s laptop during a 2020 presidential debate.
“For those who believe this tweet is a key to all my views, it is simply a direct quote from both candidates during the final presidential debate. If you look at my timeline, you will see I was live-tweeting that evening,” she wrote.
Mayorkas has defended the hiring, calling Jankowicz “imminently qualified.”
Republicans, including Reps. John Katko of New York and Mike Turner of Ohio, have criticized the board and sent a letter to Mayorkas raising “serious concerns” with the initiative under Jankowicz. Republican Sen. Josh Hawley of Missouri also wrote to Mayorkas, arguing the board is “dangerous and un-American” and calling for it to be dissolved.
On Wednesday, Republican Sen. Shelley Moore Capito of West Virginia expressed concern about the initiative and told Mayorkas during the hearing that “now is a good time to abandon this ludicrous and much maligned idea.”
The board is an internal working group and doesn’t have operational authority, serving instead in a more advisory role. It is also intended to gather best practices and support counter-disinformation activities, not monitor Americans, Mayorkas said on CNN’s “State of the Union” on Sunday.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/2022/05/04/mayorkas-pushes-back-on-republican-concerns-about-dhs-disinformation-board/ | 2022-05-04T20:28:52Z |
WASHINGTON, Sept. 8, 2022 /PRNewswire/ -- Do No Harm filed a lawsuit, on behalf of its members, against Project Hope and its publication Health Affairs in Washington D.C.'s United States District Court on September 6th for running a race-segregated health journal fellowship that excludes white applicants.
Health Affairs' Health Equity Fellowship for Trainees gives mentorship and publication opportunities for health-policy scholars.
According to the Health Equity Fellowship for Trainees' website, anyone interested in applying for the fellowship must identify as "American Indian/Alaskan Native, African American/Black, Hispanic/Latino, Asian American, Native Hawaiian, and other Pacific Islander."
"Do No Harm is opposed to discrimination in all of its manifestations," said Dr. Stanley Goldfarb, chairman of Do No Harm. "To propose a fellowship program whose key requirement is skin color is blatant discrimination. If the goal is to promote students with less opportunity, then promote such students without racial stipulations. We have civil rights laws in this nation to prevent this sort of racialism and this lawsuit helps promote those laws."
Health Affairs, which receives federal funding, is being sued for violating the following federal and D.C. state laws:
- Title VI of the Civil Rights Act of 1964
- Section 1557 of the Affordable Care Act
- D.C. Human Rights Law D.C. Code §2-1402.11(a)(4)(A)
- D.C. Human Rights Law D.C. Code §2-1402.11(a)(4)(B)
Do No Harm is calling for Health Affairs to end its discrimination against white applicants by establishing new selection criteria for the fellowship that is race-neutral.
Do No Harm works to protect the healthcare industry and individual practitioners against divisive ideologies and practices. For more information about the organization, visit its website at www.donoharmmedicine.org.
View original content:
SOURCE Do No Harm | https://www.mysuncoast.com/prnewswire/2022/09/08/do-no-harm-filed-lawsuit-against-health-affairs-scholarship-alleging-discrimination-basis-race/ | 2022-09-08T16:49:24Z |
So here are my qualifications for critiquing a study of canine behavior. Some years ago, my wife and I kept eight beagles in our backyard. Too many, she decided. Something needed to be done.
I agreed.
“Tell me which ones to give away,” I said.
“You son of a bitch,” she responded. And that was that.
Raising beagle field trial dogs was my hobby. Some won ribbons and trophies. Most took up space under the porch. But they were all beloved pets — even Leon, who babbled so incessantly while cold-trailing rabbits that my friends in the Central Arkansas Beagle Club nicknamed him “The Journalist.” He was a particular favorite of Diane’s.
How many dogs we’ve owned during our marriage, I’ve never actually counted. We started out with a charismatic collie/German shepherd mix and a foundling beagle rabbit dog. Over the years, off the top of my head, we’ve had a black Lab, a golden retriever, a Great Dane/German shepherd mix, many beagles, two Great Pyrenees and several basset hounds.
Also, Buffy, the spaniel who adored me. “That’s a teenaged girl’s dog,” exclaimed one cheeky visitor. Quite so. But from the day I rescued her from a roadside ditch, that little dog never voluntarily left my side.
Our current lineup includes a collie/Great Pyrenees mix, two basset hounds and a “cowboy corgi,” i.e. a corgi/Australian cattle dog. “Officer Marley,” we call her. “Sir, I’m going to need to see some identification.” A bossy herding dog, Marley intervenes in play fights at the dog park when she thinks other dogs aren’t doing it right. She’s taught a half-dozen strangers to throw tennis balls for her.
And don’t think you can ball-fake her. She’s not watching your hands; she’s watching your eyes. She and Hank the basset hound came to us as a bonded pair. He wouldn’t know where to go without Marley nipping at his hamstrings.
The big dog, Aspen, is the Brad Pitt of the dog park. Women fall all over him. “He’s so beautiful,” they exclaim. He appears to know it, too. Great Pyrenees are a guarding breed. Aspen won’t even guard his supper dish. When Hank and Marley first showed up, he guided them to it and watched while they ate. Human or canine, he’s everybody’s friend. When he hears his pal Dexter barking excitedly as his owner’s car approaches the park, Aspen points his nose at the sky and howls like a timber wolf.
So, yes, I’m definitely responsive to that interesting study recently published in Science magazine about dog breeds and canine behavior, if less than entirely persuaded.
According to a useful summary by Katherine J. Wu in The Atlantic, university-based researchers “distributed behavioral surveys to the human companions of roughly 20,000 dogs, asking the same sorts of queries that psychologists use to suss out personality in people, with a canine-focused kick: Does your dog behave fearfully toward unfamiliar people? Cower during storms? Ignore commands? Get pushy with other dogs?”
Of course, nobody would assess the behavior of schoolchildren by asking their mommies, so the whole enterprise strikes me as less than scientific. Nevertheless, the study concluded that something like 9% of a dog’s behavior is based upon its breed, considerably lower than most would think. “Breeds don’t have personalities,” one researcher told Wu. “Individuals do.”
Fair enough, as far as it goes. Which isn’t very far. But to conclude, like the Washington Post reporter who informed readers that “the first dogs to exist evolved from wolves more than 2,000 years ago” — um, try 30,000 years — that breeds of dog are essentially the same is simply absurd.
Post reporter Katie Shepherd uses this misunderstanding to defend poor, maligned pit bulls, which score just as high in “human sociability” as breeds with better reputations, such as goldens and Labs.
Alas, pits also score high in fatal human attacks, an aspect of canine behavior the professorial researchers didn’t study. Sure, most pits are friendly and companionable, right up until they’re not.
And when they’re not, pits and Rottweilers between them account for a combined 76% of dog-bite fatalities. The reason many municipal dog parks ban pits is their dog aggression. Saying so guarantees bushels of hate mail, but it’s nevertheless a fact. My friend Patrick saved his dog’s life only by inserting two fingers into a pit’s rectum and squeezing until it relented. As it was, poor Hurley required surgery.
Look, contemporary dog breeds are the product of many centuries of human genetic engineering. Many, if not most, predate the American Kennel Club and its cosmetic breed standards by hundreds of years.
Beagles are the most cheerful companions you can find. But you’ll never see a beagle guide dog. Bred for persistence in tracking game, they’re stubbornly resistant to instruction. Bassets even more so.
Limiting a behavioral study to suburban backyard behavior tells you very little about what dogs really are. | https://www.albanyherald.com/opinion/gene-lyons-whats-in-a-breed/article_733f3488-cd9d-11ec-9a48-d39a31a29179.html | 2022-05-07T22:41:39Z |
Endangered sea turtles nest on Louisiana islands for first time in 75 years
(CNN) – A new discovery brings hope in the wake of one of the worst oil spills in U.S. history.
Louisiana Wildlife officials have confirmed hatchlings from the rarest species of sea turtle on the Chandeleur Islands.
The Kemp’s ridley sea turtle is the world’s smallest and most endangered species of sea turtle.
The finding is the first known discovery of wild sea turtle hatchlings on the Chandeleur Islands in at least 75 years.
It was once thought that the islands and Breton National Wildlife Refuge might never recover from the 2010 Deepwater Horizon Oil Spill, the largest marine oil spill in history resulting in an estimated 210 million gallons of oil discharged into the environment.
The discovery of the rare turtle nests will encourage future restoration plans to make sure the habitat is preserved and protected.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.mysuncoast.com/2022/08/22/endangered-sea-turtles-nest-louisiana-islands-first-time-75-years/ | 2022-08-22T19:08:25Z |
ProFrac's Two-Prong Growth Strategy
– Acquire, Retire, Replace(TM) and scaling Vertical Integration –
Drives Significant Increases in Revenue, Net Income and Adjusted EBITDA
WILLOW PARK, Texas, Aug. 11, 2022 /PRNewswire/ -- ProFrac Holding Corp. (NASDAQ: PFHC) ("ProFrac" or the "Company") today announced strong financial and operational results for its second quarter ended June 30, 2022.
Second Quarter 2022 Results and Recent Highlights
- Total revenue grew approximately 40% sequentially to $589.8 million over 2022 first quarter revenue, on a pro forma basis for the FTSI acquisition,(1) of $421.6 million, and up over 70% over 2022 first quarter reported revenue of $345.0 million
- Net income rose to $70.1 million, which included $38.8 million of stock compensation expense related to a deemed contribution from a related party
- Net income excluding stock compensation expense related to a deemed contribution was $108.9 million, up over 350% compared to 2022 first quarter reported net income of $24.1 million
- Adjusted EBITDA(2) increased over 100% sequentially to $210.6 million compared to 2022 first quarter Adjusted EBITDA, on a pro forma basis for the FTSI acquisition,(3) of $99.4 million
- Annualized Adjusted EBITDA per fleet excluding Flotek was $28.1 million on 31 average active fleets during the quarter
- Announced pending acquisition of U.S. Well Services, Inc. in late June and expect to close the transaction in the fourth quarter of 2022
- Upsized Term Loan by $150 million and closed on the acquisition of the SPS Monahans assets in late July 2022
- Second quarter results include the consolidation of Flotek results after May 17, 2022 which contributed $15.4 million in revenue and ($7.5) million in Adjusted EBITDA
Ladd Wilks, ProFrac Holding Corp.'s Chief Executive Officer, stated, "Our business performed extremely well during the second quarter. We had 31 average active fleets during the quarter and we are currently deploying our first electric fleet into the field. We do not have plans to activate any additional conventional fleets at this time. We continue to focus our supply chain and our team on our existing fleets and our electric deployments. I am proud to partner with our customers and our team to continue pushing for a better, safer service company that provides best-in-class products and services, while focusing on driving superior returns for our shareholders."
Matt Wilks, Executive Chairman, added, "Over the past several quarters, we have been focused on executing our Acquire, Retire, Replace(TM) strategy and scaling our Vertical Integration strategy. As such, we are very pleased to report tremendous growth metrics during our second quarter which highlights the strong value of both strategies. The second quarter demonstrates our two-prong strategy in action because this is our first full quarter that includes the fleets acquired in the FTSI transaction. This is also the time that vertical integration matters the most. We are excited and look forward to continue proving the value creation potential of our two-prong growth strategy to our new investors as a public company as we integrate our most recently announced acquisitions."
Second Quarter 2022 Financial Results
For the second quarter of 2022, consolidated revenues totaled $589.8 million, or approximately $76 million per fleet on an annualized basis. On a pro forma basis for the FTSI acquisition, this compares to $421.6 million in the first quarter, or $54.4 million per fleet on an annualized basis. The increase was driven by higher average pricing, higher activity levels achieved with our fleets, and more materials provided to our customers.
Selling, general, and administrative costs ("SG&A") was $87.5 million and included $38.8 million of stock compensation expense related to a deemed contribution, $4.2 million of costs attributable to Flotek, $4.1 million in acquisition related expenses and included a full quarter of SG&A from FTSI. Higher costs were also driven by incentive compensation costs and acquisition related expenses during the quarter.
The stock-based compensation expense related to a deemed contribution of $38.8 million was related to shares sold by Farris Wilks and Dan Wilks (or entities they control) (collectively the "Wilks") to Ladd Wilks and Matt Wilks, respectively. These transfers were completed in connection with the IPO and the accounting treatment resulted in stock-based compensation funded directly by the Wilks.
Net income for the second quarter totaled $70.1 million. Net income excluding the stock compensation expense related to a deemed contribution from related parties was $108.9 million, compared to $24.1 million for the first quarter.
Adjusted EBITDA totaled $210.6 million in the second quarter, or $27.2 million per fleet on an annualized basis. Excluding the operating results attributable to Flotek, Adjusted EBITDA totaled $218.0 million, or $28.1 million per fleet on an annualized basis.
Operating cash flow was $39.5 million which was impacted by a working capital build due to increased pricing, increased activity levels, and increased materials provided to our customers.
The Company's average active fleet count for the second quarter was 31 fleets.
Outlook
The Company is deploying its first electric fleet during the third quarter and expects to average approximately 31 active fleets for the full quarter. We expect to deploy two more electric fleets in the fourth quarter. There are no current plans to reactivate any conventional or dual fuel fleets for the remainder of 2022.
The Company also expects incremental improvement in third quarter results, as compared to the second quarter attributable to further bundling of materials with our pressure pumping services, continued pricing improvements, and the anticipated deployment of our first electric fleet.
Business Segment Information
The Stimulation Services segment generated revenues in the second quarter of 2022 of $576.6 million, which resulted in $196.1 million of Adjusted EBITDA.
The Manufacturing segment generated revenues of $34.9 million in the second quarter of 2022, which resulted in $9.4 million of Adjusted EBITDA. Approximately 88% of the Manufacturing segment's revenue was intercompany.
The Proppant Production segment generated revenues of $17.5 million in the second quarter of 2022, which resulted in $12.6 million of Adjusted EBITDA. Approximately 66% of the Proppant Production segment's revenue was intercompany.
Our other business activities generated revenues of $15.4 million in the second quarter of 2022, which resulted in $(7.5) million of Adjusted EBITDA.
The Other business activities solely relate to the results of Flotek Industries, Inc. ("Flotek"). In May 2022, the Flotek shareholders approved the issuance of $50 million in initial principal amount of convertible notes that are convertible into Flotek common stock in exchange for amending our supply agreement to increase the term to ten years and the scope to 30 fleets. We were also granted the right to designate four of seven directors to Flotek's board of directors. As a result of our right to appoint directors without a direct equity interest, we determined that Flotek is a variable interest entity ("VIE"). We further determined that the Company is the primary beneficiary of the VIE, primarily due to our ability to appoint four of seven directors to Flotek's board of directors. As a result, and in accordance with GAAP, subsequent to May 17, 2022, we have accounted for this transaction as a business combination using the acquisition method of accounting and Flotek's financial results from May 17, 2022 to June 30, 2022 have been consolidated into our consolidated financial statements.
Capital Expenditures and Capital Allocation
Capital expenditures for full year 2022 are expected to range from $265 million to $290 million, which represents the high end of the range provided previously, due to increased activity levels and costs. The first electric fleet has been deployed for field trials and is expected to be fully deployed prior to the fourth quarter. The West Munger sand plant is expected to be operational by the beginning of the fourth quarter of this year.
Balance Sheet and Liquidity
Total gross debt outstanding as of June 30, 2022 was $495.0 million, $17.5 million of which was attributable to Flotek. Gross debt outstanding excluding amounts attributable to Flotek was $477.5 million, compared to $648.0 million as of March 31, 2022.
Total cash and cash equivalents as of June 30, 2022, was $73.7 million, $33.1 million of which was attributable to Flotek. Cash and cash equivalents excluding amounts attributable to Flotek was $40.6 million, compared to $28.7 million as of March 31, 2022.
As of June 30, 2022, and excluding amounts attributable to Flotek, the Company had $88.0 million of liquidity, including $40.6 million in cash and cash equivalents and net availability of $47.4 million under its asset-based credit facility.
On July 25, 2022, the Company entered into an amendment to its Term Loan Credit Facility to increase the size of the facility by $150 million, with an uncommitted option to obtain commitments for a potential additional $100 million of delayed draw loans before the earlier to occur of (i) the consummation of the pending acquisition of U.S. Well Services, Inc. and (ii) March 31, 2023.
SPS Monahans Acquisition
On July 25, 2022, the Company acquired SP Silica of Monahans, LLC, and SP Silica Sales, LLC (collectively, "SPS Monahans"), the West Texas subsidiaries of Signal Peak Silica, for approximately $90 million in cash plus approximately $10 million in working capital closing adjustments. For additional information related to the acquisition, please reference the Company's press releases available on its website at https://ir.pfholdingscorp.com/news-events/press-releases.
Footnotes
Conference Call
ProFrac has scheduled a conference call on Friday, August 12, 2022 at 11:00 a.m. Eastern time / 10:00 a.m. Central time. Please dial 412-902-0030 and ask for the ProFrac Holding Corp. call at least 10 minutes prior to the start time of the call, or listen to the call live over the Internet by logging on to the website at the address https://ir.pfholdingscorp.com/news-events/ir-calendar. A telephonic replay of the conference call will be available through August 19, 2022 and may be accessed by calling 201-612-7415 using passcode 13731713#. A webcast archive will also be available at the link above shortly after the call and will be accessible for approximately 90 days.
About ProFrac Holding Corp.
ProFrac Holding Corp. is a growth-oriented, vertically integrated and innovation-driven energy services company providing hydraulic fracturing, completion services and other complementary products and services to leading upstream oil and gas companies engaged in the exploration and production ("E&P") of North American unconventional oil and natural gas resources. Founded in 2016, The Company was built to be the go-to service provider for E&P companies' most demanding hydraulic fracturing needs. ProFrac is focused on employing new technologies to significantly reduce "greenhouse gas" emissions and increase efficiency in what has historically been an emissions-intensive component of the unconventional E&P development process. For more information, please visit the Company's website, https://www.pfholdingscorp.com.
Cautionary Statement Regarding Forward-Looking Statements
Certain statements in this press release may be considered "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. In some cases, the reader can identify forward-looking statements by words such as "may," "should," "expect," "intend," "will," "estimate," "anticipate," "believe," "predict," or similar words. Forward-looking statements relate to future events or the Company's future financial or operating performance. These forward-looking statements include, among other things, statements regarding: the Company's strategies and plans for growth; the Company's positioning, resources, capabilities, and expectations for future performance; market and industry expectations; the anticipated timing of the Company's pending acquisition of U.S. Well Services, Inc.; the anticipated benefits of the Company's July 2022 acquisition of SPS Monahans; the Company's estimates with respect to the profitability and utilization of its electric, conventional and dual fleets; the Company's currently expected guidance regarding its third quarter 2022 results of operations; the Company's currently expected guidance regarding its full year 2022 capital expenditures and capital allocation; statements regarding the availability of funds under the Company's credit facilities; the Company's anticipated timing for operationalizing its new electric fleets and its West Munger sand plant; the amount of capital available to the Company in future periods under its Term Loan Credit Facility; any financial or other information based upon or otherwise incorporating judgments or estimates relating to future performance, events or expectations; any estimates and forecasts of financial and other performance metrics; and the Company's outlook and financial and other guidance. Such forward-looking statements are based upon assumptions made by the Company as of the date hereof and are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the risk that the Company's pending acquisition of U.S. Well Services, Inc. may not be completed in a timely manner or at all; the ability to achieve anticipated benefits of the pending acquisition of U.S. Well Services, Inc. and the July 2022 acquisition of SPS Monahans, including risks relating to integrating acquired companies and personnel; the failure to operationalize the Company's new electric fleets and West Munger sand plant in a timely manner or at all; the Company's ability to deploy capital, including capital raised in the May 2022 IPO and capital currently and potentially available to the Company and Flotek in future periods, in a manner that furthers the Company's growth strategy, as well as the Company's general ability to execute its business plans; industry conditions, including fluctuations in supply, demand and prices for the Company's products and services; global and regional economic and financial conditions; the effectiveness of the Company's risk management strategies; the transition to becoming a public company; and other risks and uncertainties set forth in the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in the Company's filings with the Securities and Exchange Commission ("SEC"), which are available on the SEC's website at www.sec.gov.
Forward-looking statements are also subject to the risks and other issues described below under "Non-GAAP Financial Measures," which could cause actual results to differ materially from current expectations included in the Company's forward-looking statements included in this press release. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward looking statements will be achieved, including without limitation any expectations about the Company's operational and financial performance or achievements through and including 2022. There may be additional risks about which the Company is presently unaware or that the Company currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. The reader should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company anticipates that subsequent events and developments will cause its assessments to change. However, while the Company may elect to update these forward-looking statements at some point in the future, it expressly disclaims any duty to update these forward-looking statements, except as otherwise required by law.
Non-GAAP Financial Measures
Adjusted EBITDA and Adjusted EBITDA per fleet are non-GAAP financial measures and should not be considered as substitutes for net income (loss) or any other performance measure derived in accordance with GAAP or as an alternative to net cash provided by operating activities as a measure of our profitability or liquidity. Adjusted EBITDA and Adjusted EBITDA per fleet are supplemental measures utilized by our management and other users of our financial statements such as investors, commercial banks, research analysts and others, to assess our financial performance because they allow us to compare our operating performance on a consistent basis across periods by removing the effects of our capital structure (such as varying levels of interest expense), asset base (such as depreciation and amortization) and items outside the control of our management team (such as income tax rates).
We view Adjusted EBITDA and Adjusted EBITDA per fleet as important indicators of performance. We define Adjusted EBITDA as our net income (loss), before (i) interest expense, net, (ii) income tax provision, (iii) depreciation, depletion and amortization, (iv) loss on disposal of assets and (v) other unusual or non-recurring charges, such as costs and stock compensation expense related to our initial public offering, non-recurring supply commitment charges, certain bad debt expense and gain on extinguishment of debt. We define Adjusted EBITDA per fleet for a particular period as Adjusted EBITDA calculated as a daily average of active fleets during period.
We believe that our presentation of Adjusted EBITDA and Adjusted EBITDA per fleet will provide useful information to investors in assessing our financial condition and results of operations. In particular, we believe Adjusted EBITDA per fleet allows investors to compare the performance of our fleets across comparable periods and against the fleets of our competitors who may have different capital structures, which may make a fleet-for-fleet comparison more difficult. Net income (loss) is the GAAP measure most directly comparable to Adjusted EBITDA, and net income (loss) per fleet is the GAAP measure most directly comparable to Adjusted EBITDA per fleet. Adjusted EBITDA should not be considered as an alternative to net income (loss), and Adjusted EBITDA per fleet should not be considered as an alternative to net income (loss) per fleet. Adjusted EBITDA and Adjusted EBITDA per fleet have important limitations as analytical tools because they exclude some but not all items that affect the most directly comparable GAAP financial measure. Because Adjusted EBITDA and Adjusted EBITDA per fleet may be defined differently by other companies in our industry, our definition of these non-GAAP financial measures may not be comparable to similarly titled measures of other companies, thereby diminishing their utility.
The presentation of non-GAAP financial measures is not intended to be a substitute for, and should not be considered in isolation from, the financial measures reported in accordance with GAAP. The following tables present a reconciliation of the non-GAAP financial measures of Adjusted EBITDA and Adjusted EBITDA per fleet to the most directly comparable GAAP financial measure for the periods indicated.
-Tables to Follow-
View original content:
SOURCE ProFrac Holding Corp. | https://www.mysuncoast.com/prnewswire/2022/08/12/profrac-holding-corp-reports-strong-2022-second-quarter-financial-operational-results/ | 2022-08-12T00:55:36Z |
Which hand mixer is best?
When it comes to cooking and baking, hand mixers are the lightweight kitchen helper you need. They are compact and at home in both small and professional kitchens. Versatile and easily adaptable to whipping, mixing and emulsifying tasks, they are the tool of choice for busy cooks.
If you are looking for a reliable mixer from a trusted brand, the KitchenAid Cordless Seven-Speed Hand Mixer is a great choice.
What to know before you buy a hand mixer
Cordless vs. corded
If you need a hand mixer that can travel around the kitchen, a cordless version might be best. They have rechargeable batteries and are more lightweight than corded models, but some don’t have much power and should be reserved for easier mixing tasks.
On the other hand, cordless models have power when you need it. Although you’ll need to be within range of an outlet, most professional kitchens use corded mixers for their power.
Weight
For people with hand, arm and shoulder pain, the weight of a mixer matters. It’s also important when cooking with children. A mixer that is too heavy is difficult to maneuver. A hand mixer that is 1.5 pounds strikes the balance of being substantial without excessive weight. A model that weighs less than 1.5 pounds might feel flimsy, while one that weighs more isn’t easy to operate for long periods.
Speeds
While all mixers have at least three speeds, some have up to 16. More is better, right? Not necessarily. Mixers with more speeds tend to cost more, and you may never reach the upper limits of that range. Why pay more for features you don’t use?
Stick with a mixer that has five to nine speeds. These will get the job done with no fuss.
What to look for in a quality hand mixer
Pulse or boost
In addition to the regular speeds, some mixers feature a pulse or boost button. These add a short burst of power to finish that whipped cream or bring a final lift to scrambled eggs. This button does use additional power and should only be used for 10 seconds or less.
Easy controls
Easy controls mean dials for speed or buttons that push in without much effort. A word of caution: Slippery dials and squishy buttons can be engaged accidentally, sending batter flying across the kitchen. Look for the Goldilocks zone of just the right amount of pressure to operate — not too little, and not too much.
Attachments
Hand mixers come standard with beaters, but some also include things like a whisk attachment. This balloon-shaped wire beater is perfect for fluffy clouds of whipped cream and pillowy-soft beaten eggs.
A dough hook attachment is also sometimes included, but it’s not necessary. In general, a hand mixer doesn’t have enough power to knead dough well, and the beaters can handle anything else.
How much you can expect to spend on a hand mixer
Expect to spend $11-$200 on this affordable kitchen workhorse.
Hand mixer FAQ
Can you replace a stand mixer with a hand mixer?
A. For cooks looking to pare down their small kitchen appliances, replacing your stand mixer with a hand mixer can be tempting. However, these tools are not interchangeable.
Hand mixers are compact and easy to store. They whip cream, beat eggs and prepare cake batter well. However, they are not able to beat stiff cookie or bread dough. Even corded versions don’t have enough power to knead bread for the five to 10 minutes it takes to work the gluten. And even if they did, you’d have to hover over the bowl while they worked.
Stand mixers are heavy and take up a lot of space in the kitchen, but they can handle tough mixing and kneading. They also have a wider range of attachments, including pasta rollers and meat grinders. Additionally, stand mixers don’t require constant attention — turn the stand mixer on for whipping egg whites to a froth while you clean up your prep area.
But take heart: If you don’t have a stand mixer, a high-quality hand mixer can complete most mixing, beating and whipping tasks.
What can you make with a hand mixer?
A. The list seems endless. A few things you can whip up include:
- Salad dressing
- Sauces
- Cookies
- Cakes
- Whipped cream
- Scrambled eggs
- Meringues
- Mashed potatoes
- Cake frosting
- Decorative icing
- Pancakes
- Brioche
- Eclairs
- Profiteroles
What’s the best hand mixer to buy?
Top hand mixer
KitchenAid Cordless Seven-Speed Hand Mixer
What you need to know: Made by the same company that manufactures the iconic stand mixer, this heavy-duty cordless mixer is well built and versatile.
What you’ll love: There is no cord to keep you tied down, and its lithium-ion battery charges in two hours or less. It is good for tough doughs and batters but still lightweight. It features seven speeds of mixing power.
What you should consider: Some users thought the attachments were flimsy at this price.
Where to buy: Sold by KitchenAid, Amazon and Home Depot
Top hand mixer for the money
Black and Decker Five-Speed Hand Mixer
What you need to know: The contoured attachments are uniquely designed to get the job done.
What you’ll love: The beaters are nylon instead of metal with a large surface area for big batches of mixing. This has a turbo boost when short bursts of power are needed.
What you should consider: Some of the plastic components feel less durable.
Where to buy: Sold by Amazon, Home Depot and Wayfair
Worth checking out
Dash SmartStore Compact Hand Mixer
What you need to know: This compact mixer is perfect for RVs, dorm rooms and other small spaces.
What you’ll love: It has three speeds and 150 watts of power for small mixing jobs. It specializes in whipping cream and beating eggs, and the stainless steel attachments are sturdy and substantial for their size.
What you should consider: Because of the size and small motor, this is best for light- or medium-duty tasks.
Where to buy: Sold by Amazon
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/kitchen-br/hand-stand-mixers-br/best-hand-mixer/ | 2022-04-30T00:45:40Z |
NEW YORK, April 3, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of SunPower Corporation ("SunPower" or the "Company") (NASDAQ: SPWR). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether SunPower and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On January 20, 2022, SunPower announced that it had "identified a cracking issue that developed over time in certain factory-installed connectors" and that the Company "expects approximately $27 million of supplier-quality related charges in fourth quarter 2021 and approximately $4 million in the first quarter of 2022" to replace the faulty connectors.
On this news, SunPower's stock price fell $3.22 per share, or 16.9%, to close at $15.80 per share on January 21, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP | https://www.kxii.com/prnewswire/2022/04/04/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-sunpower-corporation-spwr/ | 2022-04-04T09:29:08Z |
NEW YORK (AP) — It’s hard to find anyone on board with New York Gov. Kathy Hochul’s plan to toughen the state’s bail laws, two years after they were retooled to keep people from being jailed because they are poor.
Reform advocates say the system should be left alone. Police leaders and even some of the governor’s fellow Democrats say the proposal doesn’t go far enough to roll back what they consider soft treatment of criminals.
The debate over bail in New York is emblematic of a fight taking place elsewhere in the U.S.
A spike in violence during the COVID-19 pandemic has Democrats eager to show they’re tough on crime ahead of this year’s midterm elections, from the White House on down, but the party is struggling to find a common message with progressives pushing the need for police reform and moderates focusing instead on rising crime rates.
Hochul’s attempt to stake out a middle ground has provoked criticism from all points of the political spectrum.
“I think that’s a sign that you’re in the right place,” she said of her plan in March. The proposal would continue to limit instances in which people would be required to post bail, but make more crimes eligible for detention and give judges more discretion to consider a defendant’s criminal history.
New York changed its bail laws in response to public outcry over prisoners accused of minor crimes being held in jail for extended periods while awaiting trial because they couldn’t afford to pay bail — a system where a person puts up cash as a guarantee that they will return to court.
The state’s answer was to eliminate cash bail for many nonviolent offenses — a reform that frustrated some law enforcement officials who warned that people released back to the streets would commit new crimes.
But with violent crime up across America, crime rates have been an easy target and longstanding bogeyman for Republicans, who have wasted no opportunity to make it a campaign issue in races around the U.S., including governor’s races in Illinois, Pennsylvania and elsewhere.
Democrats, bracing for tough midterm elections, are striving to prove they’re responding, in some cases emphasizing efforts to provide more money to police departments while making scant mention of reforms they embraced a few years ago.
In Minnesota, Gov. Tim Walz is up for reelection and has been touring the state promoting his $300 million public safety plan. He has not focused on the reform measures he signed after police killed George Floyd in the state almost two years ago.
Wisconsin’s Democratic Gov. Tony Evers, who is also running for reelection this year, has been hammered by Republicans over crime and like Hochul, is facing bipartisan pressure to toughen bail laws.
A record-setting spate of homicides in Albuquerque has ratcheted up pressure on New Mexico Gov. Michelle Lujan Grisham, including from some fellow Democrats. The first-term governor has joined efforts to ban pretrial release for certain violent crimes, though some legislators in her own party have balked at rolling back reforms that largely ended money bail.
President Joe Biden in his budget this week highlighted funding for police — for body cameras, crime prevention strategies, drug treatment, mental health and criminal justice reform.
This winter, he made a trip to New York City to stand with the city’s new mayor, Eric Adams, a former police captain.
“The answer is not to defund the police,” Biden said. “It is to give you the tools, the training, the funding to be partners, to be protectors and know the community.”
In comparison, while campaigning for president, Biden instead spoke more about criminal justice reforms and the need to reverse some of the toughest measures of the 1994 crime bill he helped write.
In New York, the fierce debate over bail has been one factor that caused legislators to miss an April 1 deadline to pass a new state budget.
Hochul initially said she didn’t want to touch the state’s bail laws until she saw data indicating the reforms were responsible for a crime spike. Democrats who control the state Legislature likewise said they were uninterested in unwinding reforms.
A recent report from New York City’s fiscal watchdog found that the percentage of people who committed new crimes after being released from jail hasn’t budged since the bail reform measure passed.
But now, some Democrats have joined Republicans in calling for a repeal. They include U.S. Rep. Tom Suozzi of Long Island, who is challenging Hochul in the governor’s race; Adams, who has made cracking down on crime in New York City a top priority; and former New York Gov. Andrew Cuomo, who has started criticizing the bail reforms he signed as he contemplates running for office again.
At some point in recent weeks, Hochul changed her mind and drafted a plan to tweak the law. She avoided talking about it publicly, though, for days after it leaked to the media.
Nearly a week later, Hochul defended the plan in an op-ed, saying that while the state’s bail laws were not the main cause of a rise in shootings during the pandemic, they needed to be changed.
Democrat Jumaane Williams, New York City’s public advocate who is also challenging Hochul in the governor’s race, said the governor “should show courage and leadership on this issue, or at the very least pick a side between fearmongering and facts.”
It’s unclear if Democrats controlling the statehouse will meet the governor somewhere in the middle as they continue negotiating, but the pressure has ratcheted up in recent days.
New York City’s police commissioner visited Albany to press for reforms. Defenders of the current law were arrested for demonstrating outside the governor’s office and one lawmaker, Democratic Assembly Member Latrice Walker of Brooklyn, was on day nine Thursday of a hunger strike to protest any rollbacks as negotiations continued.
___
Associated Press writers Colleen Long in Washington and Morgan Lee in Santa Fe, New Mexico, contributed to this report. | https://cw33.com/news/u-s-news/ap-u-s-headlines/ny-bail-law-fight-emblematic-of-democrats-debate-on-crime/ | 2022-04-02T18:46:32Z |
The Operational Analytics Club, a community for data professionals, released their agenda for the two-day virtual community conference showcasing community experts for July 28 & 29
SAN FRANCISCO, July 20, 2022 /PRNewswire/ -- Census, the operational analytics platform that syncs customer data from your data warehouse to all your key business tools, and The Operational Analytics Club, a dedicated community for modern data professionals, has released the schedule for Summer Community Days Vol 1. The conference is taking place over two days with virtual programming and workshops, as well as in person happy hours in five major US cities, July 28 and 29.
Summer Community Days is a free, virtual conference with a mission to elevate and showcase the expertise of data practitioners in the community so analytics engineers, data analysts, and data-savvy business experts can share their knowledge with their peers and friends. The program includes presentations and workshops offering thought leadership, actionable advice, and technical insight. Attendees of the event are automatically entered to win one of 10 scholarships to an expert-led data program of their choice from co:rise, too.
Summer Community Days kicks off at 9:00 a.m. PT, Thursday, July 28, with a keynote presentation by Emily Hawkins, data engineering manager at Drizly, entitled, "Tipping Points: How Individual Decisions Make Big Impacts in Data Careers & Data Teams." Following the keynote, there will be 30-minute sessions on topics such as the data engineering lifecycle, career advice for women and those lacking a data science background, agile analytics, and more.
The afternoon sessions include a workshop on the "All of data engineering in three hours" presented by Pete Fein, consultant and trainer at Snakedev, and an open question-and-answer session afterward.
Day two of Summer Community Days opens with a keynote panel on "Diversity in Data: Modeling a Better Future for Data Teams," with Julia King from Carta, Julie Beynon from Clearbit, data engineering contractor Christine Ndedge, David Jayatillake from Metaplane, and Jessica Cherny from Data Angels. Morning sessions will include discussions on operationalizing analytics for software development, cutting data costs in an economic downturn, treating data as product, data testing, and more.
The afternoon workshop will break down how to build account scoring models with Donny Flynn, customer data architect at Census.
"It's important to hear from people who are actually doing the work," said keynote speaker Emily Hawkins. "This community wouldn't exist without the practitioners! It's great to hear all the cool stuff vendors are coming out with, but they don't always talk about the actual, practical application of the work practitioners do day in and day out. I personally learn the most from hearing from others in my same or similar position, hearing what problems they have, and how they're solving them."
To give practitioners a way to connect in person as well as virtually, The Operational Analytics Club is hosting happy hours for data professionals to get together in San Francisco, Denver, Chicago, Los Angeles, and Brooklyn on July 28 at 6:30 pm local times. Partners for these events include Hex, Airbyte, Deepnote, Snowplow Analytics, Metaplane, Brooklyn Data Co., and BigEye.
To learn more about the Summer Community Days event for data practitioners, visit operationalanalytics.club/summer-community-days.
For more information about the Operational Analytics Club, visit www.operationalanalytics.club.
Census turns data warehouses into a hub for business operations, empowering everyone with trustworthy and actionable data. With its reverse ETL (extract, transfer, and load) tool, data teams can validate and publish analytics directly into all their applications in real-time. Hundreds of companies like Canva, Figma, Loom, and Notion use Census to sync billions of records to empower their customer success, sales, and marketing teams. Census is backed by Andreessen Horowitz, Insight Partners, Sequoia, and Tiger Global. For more information, visit https://www.getcensus.com or follow @census on Twitter.
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SOURCE Census | https://www.mysuncoast.com/prnewswire/2022/07/20/census-operational-analytics-club-release-speaker-schedule-summer-community-days-data-practitioner-first-conference/ | 2022-07-20T13:51:52Z |
Check Your Chart™ Action Initiative Empowers Women to Take Charge of Their Breast Cancer Screening – Delivering Key Information to Improve Patient-Doctor Communication
HAWTHORN WOODS, Ill., Sept. 15, 2022 /PRNewswire/ -- Awareness is good, but action is essential.
Breast cancer is one of the most commonly diagnosed cancers in women, and over 70% of breast cancers are in women with dense breasts. Unfortunately, most people do not know their level of density, and are unaware of "how" to improve their chances of earlier diagnosis.
My Density Matters is addressing the "how" for earlier diagnosis with an initiative to move from awareness to education to action. This Check Your Chart™ initiative empowers women to obtain their mammogram report from their online patient portal, learn their breast density, communicate with their doctor(s) about the results, and collaborate on additional screening options to find cancer earlier by providing tools for more informed conversations.
"I was diagnosed with stage IV breast cancer two months after an "all clear" mammogram and ultrasound, it was hidden in dense breast tissue," said Leslie Ferris Yerger, Founder of My Density Matters, "Most women think an 'all-clear' mammogram means they don't have breast cancer, which might not be true, especially if you have dense breasts. What it does mean is that no cancer was found, not necessarily that no cancer was present. Knowing your density opens up a better conversation with your doctor about your breast screening options."
There is no cure for stage IV breast cancer, but Leslie feels fortunate to remain in full remission. It has inspired her to offer programs through My Density Matters in order to inform women about the implications of breast density.
By texting the words: Check Your Chart to 211411, access to tools and information will be delivered directly to your cell phone. This level of accessibility will improve health equity by removing some of the barriers that exist for people who do not have computer access.
Together with Medical Advisors, partners at the National Consortium of Breast Centers (NCBC), Breast Cancer Wellness Magazine, and GenusConnect, the tools and information are now easy to access and understand.
The Check Your Chart website provides a simplified flow of information a person needs before and after their mammogram. A collection of instructional videos and downloads can be delivered on a phone, computer or tablet.
Collaboration is key - if you are interested in partnering with My Density Matters please contact Susan LePlae Miller, VP of Partnerships and Programs, at susan@mydensitymatters.org.
My Density Matters is a 501(c)(3) non-profit with the mission to empower women to find out their breast density, learn their options, and take control of their breast cancer screening. Their work is supported by donations from Foglia Family Foundation, CMR Naviscan, Delphinus Medical Technologies, Seno Medical, and the community. Visit mydensitymatters.org for more information.
Media Contact:
Susan LePlae Miller
Vice President, Partnerships and Programs
susan@mydensitymatters.org
847-769-4764
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SOURCE My Density Matters | https://www.wibw.com/prnewswire/2022/09/15/my-density-matters-launches-action-initiative-earlier-breast-cancer-diagnosis/ | 2022-09-15T13:53:02Z |
Industry backs California Energy Commission targets of 2-5 GW by 2030, 25 GW by 2045 to drive economies of scale
SACRAMENTO, Calif., Aug. 10, 2022 /PRNewswire/ -- The California Energy Commission (CEC) today approved a bold set of offshore wind planning goals, as directed by the state's AB 525 law, putting California on a path to responsibly develop up to 5 gigawatts (GW) of floating offshore wind power by 2030 and 25 GW by 2045. These goals, which expand targets in an earlier report, send an important signal to industry and other state and federal agencies that California is committed to being a leader on offshore wind and moving expeditiously to strengthen and diversify its clean power portfolio.
"These goals set an ambitious course and show that California is very serious about 'going big' on floating offshore wind, to drive economies of scale and generate the very substantial clean power, climate, and jobs benefits this renewable energy resource can deliver for our state," said Adam Stern, Executive Director of Offshore Wind California (OWC), a trade group that represents the state's offshore wind industry. "Achieving 5 GW of offshore wind by 2030 will position the state to meet and even exceed its 25 GW goal by 2045. For California and offshore wind, going bigger is better."
"California is home to one of the world's best offshore wind resources in the world and I am confident that this clean, domestic source of electricity can play an important role in meeting our state's growing need for clean energy," said Governor Gavin Newsom, in remarks cited in a presentation on the offshore wind planning goals at the CEC's August 10 Business Meeting. Last month, Newsom called on the CEC to raise its offshore wind target to at least 20 GW by 2045.
"This is a moment for boldness," said David Hochschild, CEC Chair, who led the hearing in Sacramento where the CEC unanimously approved the expanded goals in the state's revised offshore wind report. "What we do here matters far more than we realize. We have a great track record of starting big things in California, of pushing the envelope and that spreading. What we're doing today on offshore wind is it yet another step in that proud journey. I fully support it."
Last September, Newsom signed the AB 525 law that directs the CEC to establish planning targets for this clean energy technology. By June 30, 2023, AB 525 also directs the CEC to work with other agencies and stakeholders to prepare a comprehensive strategic plan for offshore wind development, including transmission, port infrastructure, procurement, additional call areas, workforce development, and a sustainable supply chain. Later this fall, the Bureau of Ocean Energy Management (BOEM) expects to begin leasing at the state's Morro Bay and Humboldt Wind Energy Areas (WEAs).
"I applaud these proposed goals of 2-5 GW by 2030 and 25 GW by 2045, which are the largest of any state in our country," said David Chiu, who was lead author of AB 525 in the State Assembly and is currently City Attorney of San Francisco. "Now is exactly the time for us to be bold and visionary and to lead. We will look back to this moment as you adopt this report with its recommended goals as a critical milestone in our efforts to combat climate change."
"The ultimate goal is to develop a thriving, world-leading floating wind industry," said Paula Major, Vice President, U.S. Offshore Wind, Mainstream Renewable Power and Board Chair, OWC. "This shows California is committed to 'going big' and moving forward—now. We're determined as an industry to work closely with state and federal agencies and other stakeholders to reach the high end of these goals, and help make California a global leader in floating offshore wind."
The National Renewable Energy Laboratory (NREL) estimates California's technical offshore wind potential at 200 GW, with more than 20 GW in BOEM's two designated WEAs and three wind study areas. Deep West Coast waters require floating technologies already being deployed in other world markets. NREL reports developing California offshore wind at this scale would support tens of thousands of jobs, supply over 15 percent of its current electricity needs, generate enough competitively priced power for at least 7 million homes, and produce tens of billion of dollars in GDP for the state by 2050.
California's 2021 joint agency report concluded that to reach 100 percent clean energy by 2045, the state needs a diverse renewables portfolio including offshore wind. The report's 'SB 100 Core Scenario' said 10 GW of offshore wind would save ratepayers $1 billion or more in installed clean power capacity by 2045 and complement other renewables on the grid.
Offshore Wind California's board member companies include Aker Offshore Wind, BP, Equinor, Hexicon, Magellan Wind, Mainstream Renewable Power, Ørsted, Pacific Ocean Energy Trust, Principle Power, RWE, Shell and SSE Renewables.
About OWC − Offshore Wind California is a coalition of industry partners with a shared interest in promoting policies and public support for responsible development of offshore wind power in California. Its members are dedicated to providing an independent voice and industry expertise to facilitate offshore wind deployment off California's coast. OWC undertakes public education and advocacy of this renewable resource as part of a comprehensive solution to California's energy needs. OWC is a nonprofit, 501(c)(6) organization. For more information, please go to www.offshorewindCA.org. Follow us @offshorewindCA.
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SOURCE Offshore Wind California | https://www.kxii.com/prnewswire/2022/08/10/california-sets-course-go-bigger-floating-offshore-wind-approves-nation-leading-25-gw-goal-by-2045-accelerate-benefits-clean-energy-climate-amp-jobs-state/ | 2022-08-10T22:28:14Z |
ARLINGTON, Va., July 13, 2022 /PRNewswire/ -- IntraFi, a leading fintech that specializes in providing cash and liquidity management solutions to financial services firms, announced today it has hired Diane Ellis as a senior managing director.
Ellis retired from the FDIC on May 31 as director of the division of insurance and research following a 34-year career at the agency.
"I've known and respected Diane for years for her work," said Mark Jacobsen, Cofounder and CEO of IntraFi. "It's terrific to be able to bring her on board, where her vast experience will be a significant asset as we offer new products and seek to grow further."
Ellis will start in September, helping to lead new initiatives under development.
Ellis recently capped off a long and storied career at the FDIC. She was appointed to lead the agency's insurance and research arm in 2013, a division with more than 200 employees, including economists and financial and policy analysts. As part of that role, she was responsible for macro risk and regulatory analysis, banking data and statistics, risk-based deposit insurance pricing, and management of the Deposit Insurance Fund.
Ellis previously served in several other critical roles at the FDIC, including as deputy director of financial risk management and research and deputy to the vice chairman. In the aftermath of the 2008 financial crisis, she led the development and implementation of the Temporary Liquidity Guarantee Program and helped implement new authorities granted to the FDIC by the Dodd-Frank Act. She joined the FDIC in 1988 as an examiner during the savings and loan crisis.
Additionally, Ellis has twice been elected to serve as a member of the Executive Council for the International Association of Deposit Insurers, an association of deposit guarantee systems around the world.
"I've long admired IntraFi for the innovative work it does around deposits and providing liquidity to banks large and small," said Ellis. "I'm excited to work on new products and services to help support the banking industry."
Chosen by thousands of banks since its founding more than two decades ago, IntraFi has assembled the nation's largest bank deposit network. Its solutions connect financial institutions of all sizes to help each build stronger relationships with its customers, fund more loans, seamlessly manage liquidity needs, and earn fee income. As the nation's #1 provider of reciprocal deposits solutions and a leading provider of overnight and term funding options, IntraFi has the scale to be a strategic partner for even the largest bank's funding and capital management needs, or for the smallest.
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SOURCE IntraFi | https://www.mysuncoast.com/prnewswire/2022/07/13/intrafi-hires-34-year-fdic-veteran-senior-managing-director/ | 2022-07-13T14:24:25Z |
I write regarding Shane Monaco’s article describing the Diversity Proposal heard in the City Council.
The idea our city needs to spend any funds to promote diversity is absurd. Our community has long welcomed many diverse cultures, many of which are studying and practicing medicine at local hospitals and universities. These families are well-established and blooming in Central Texas.
Where did they get these ideas?
Too much time on Facebook/Meta?
Our Council should host a community hearing to present their arguments for the implementation of a city-wide policy to indoctrinate employees (and ultimately, our cities). This forum should include the impetus for development of this program. Publicize in advance, with information published for our review prior to the discussion.
It is important you are aware of citizens’ values and that they be involved. This is difficult to do if they don’t know that there is even anything in the wind!
I am a responsible conservative Temple citizen. I believe in a value-driven society which supports freedom of thought and the right to determine one’s direction in life. Our government exists to enforce laws and allow us to work within the constitutional framework to achieve those goals. It is up to each of us to support each other in that goal, but in the manner that we choose.
Hopefully, Council members will welcome a chance to voice opinions. I certainly would if I felt strongly about a program that could positively affect my fellow citizens!
I look forward to hearing from anyone reading this letter, and especially from any Council members or city of Temple employees who will be forced to swallow this information.
Thank you who were named in the article as voices in the wilderness at the Council meeting. Stay strong!
Bernadette Hickman
Temple | https://www.tdtnews.com/news/letters_to_the_editor/article_5731718a-0910-11ed-8d08-3bb2c8359d84.html | 2022-07-21T19:39:39Z |
Adagrasib demonstrates promising clinical efficacy and favorable tolerability as a monotherapy and in combination with cetuximab in heavily pretreated patients with advanced colorectal cancer (CRC) harboring a KRASG12C mutation
SAN DIEGO, Sept. 7, 2022 /PRNewswire/ -- Mirati Therapeutics, Inc. (NASDAQ: MRTX), a clinical-stage targeted oncology company, today announced results from KRYSTAL-1, a multicohort Phase 1/2 study, evaluating adagrasib with or without cetuximab in patients with advanced CRC harboring a KRASG12C mutation.
"These exciting results further our understanding of the well-tolerated profile with robust and sustained responses that adagrasib provides as a monotherapy and in combination with cetuximab to patients with KRASG12C-mutated advanced colorectal cancer," said Charles Baum, M.D., Ph.D., president, founder and head of research and development, Mirati Therapeutics, Inc. "We are pleased about the significant improvement these results demonstrate relative to the existing standard of care. We continue to explore the full potential of adagrasib in combination with cetuximab in late-line CRC in a potentially registration-enabling Phase 2 cohort of the KRYSTAL-1 study and in second line CRC in the ongoing Phase 3 KRYSTAL-10 study."
In this analysis, 44 patients received adagrasib monotherapy (600 mg twice daily) and 32 patients received the combination of adagrasib (600 mg twice daily) with full dose cetuximab, with a follow up of 20.1 months and 17.5 months, respectively.
Of the evaluable patients in the adagrasib monotherapy cohort (n=43), the investigator assessed confirmed objective response rate (ORR) was 19% (8/43) and the disease control rate (DCR) was 86% (37/43). The median duration of response was 4.3 months (95% CI, 2.3–8.3) and median progression-free survival (PFS) was 5.6 months (95% CI, 4.1–8.3).
Of the evaluable patients in the adagrasib plus cetuximab combination cohort (n=28), the investigator assessed confirmed ORR was 46% (13/28) and the DCR was 100% (28/28). The median DOR was 7.6 months (95% CI 5.7–NE) and median PFS was 6.9 months (95% CI, 5.4–8.1).
The prognosis for patients with CRC has historically been poor in later lines of therapy with response rates of approximately 1-2% and median PFS of approximately 2 months1,2,3 in patients with late-line CRC; patients with KRASG12C-mutated CRC tend to have even worse outcomes than the broader CRC patient population.
In the overall subset of patients with KRASG12C-mutated CRC evaluated in this study, adagrasib was found to be well-tolerated as a monotherapy and in combination with cetuximab. The majority of observed treatment-related adverse events (TRAEs) were grade 1–2 (59%); no grade 5 TRAEs were observed.
"These data illustrate the importance of durable KRAS inhibition in colorectal cancer and the added benefit that dual EGFR/KRAS blockade may provide for some patients in their regimen as evidenced by the more sustained responses from the adagrasib and cetuximab combination," commented Dr. Samuel J. Klempner of the Massachusetts General Cancer Center and study investigator. "Overall, it's encouraging to see the emergence of KRAS inhibitors like adagrasib providing more targeted, efficacious, and safe treatment options for colorectal cancer and other solid tumors with KRAS mutations."
The data (Presentation #LBA24) will be presented in an oral presentation on Monday, September 12 at 4:15 am ET (10:15 am CET) during the Proffered Paper Session II at the European Society for Medical Oncology (ESMO) Congress 2022.
In addition, at the ESMO Congress 2022, the Company shared a poster presentation detailing additional practice-informing data on adverse event patterns and management for investigational adagrasib in patients with KRASG12C-mutated non-small cell lung cancer (NSCLC). The presentation (Presentation #1133P) is available online via the ESMO website and will be available onsite in Poster Session 15, Hall 4 on September 12, 2022.
About Adagrasib (MRTX849)
Adagrasib is an investigational, highly selective, and potent oral small-molecule inhibitor of KRASG12C that is optimized to sustain target inhibition, an attribute that could be important to treat KRASG12C-mutated cancers, as the KRASG12C protein regenerates every 24–48 hours. Adagrasib is being evaluated as monotherapy and in combination with other anti-cancer therapies in patients with advanced KRASG12C-mutated solid tumors, including non-small lung cancer, colorectal cancer, and pancreatic cancer. For more information visit Mirati.com/science.
Mirati has an Expanded Access Program (EAP) for investigational adagrasib for the treatment of eligible patients with KRASG12C-mutated cancers, regardless of tumor type, including patients with treated or untreated CNS metastases, in the U.S. Learn more about the EAP at Mirati.com/expanded-access-policy.
About Mirati Therapeutics, Inc.
Mirati Therapeutics, Inc. is a clinical-stage biotechnology company whose mission is to discover, design and deliver breakthrough therapies to transform the lives of patients with cancer and their loved ones. The company is relentlessly focused on bringing forward therapies that address areas of high unmet medical need, including lung cancer, and advancing a pipeline of novel therapeutics targeting the genetic and immunological drivers of cancer. Unified for patients, Mirati's vision is to unlock the science behind the promise of a life beyond cancer. For more information about Mirati, visit us at Mirati.com or follow us on Twitter, LinkedIn and Facebook.
Forward Looking Statements
This press release contains forward-looking statements regarding the business of Mirati Therapeutics, Inc. ("Mirati"). Any statement describing Mirati's goals, expectations, financial or other projections, intentions or beliefs, development plans and the commercial potential of Mirati's drug development pipeline, including without limitation adagrasib (selective KRASG12C inhibitor), sitravatinib (TAM receptor inhibitor), MRTX1719 (MTA cooperative PRMT5 inhibitor), MRTX0902 (SOS1 inhibitor), and MRTX1133 (selective KRASG12D inhibitor), is a forward-looking statement and should be considered an at-risk statement. Such statements are subject to risks and uncertainties, particularly those challenges inherent in the process of discovering, developing and commercialization of new drug products that are safe and effective for use as human therapeutics, and in the endeavor of building a business around such drugs.
Mirati's forward-looking statements also involve assumptions that, if they never materialize or prove correct, could cause its results to differ materially from those expressed or implied by such forward-looking statements. Although Mirati's forward-looking statements reflect the good faith judgment of its management, these statements are based only on facts and factors currently known by Mirati. As a result, you are cautioned not to rely on these forward-looking statements. These and other risks concerning Mirati's programs are described in additional detail in Mirati's quarterly reports on Form 10-Q and annual reports on Form 10-K, which are on file with the U.S. Securities and Exchange Commission (the "SEC") available at the SEC's Internet site (www.sec.gov). These forward-looking statements are made as of the date of this press release, and Mirati assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law.
Mirati Contacts
Investor Relations: ir@mirati.com
Media Relations: media@mirati.com
1 Obermannová R, et al. Ann Oncol. 2016;27(11):2082-2090.
2 Grothey A, et al. Lancet. 2013;381(9863):303-312.
3 Mayer RJ, et al. N Engl J Med. 2015;372(20):1909-1919. 3Van Cutsem E, et al. Eur J Cancer. 2018;90:63-72
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SOURCE Mirati Therapeutics, Inc. | https://www.wibw.com/prnewswire/2022/09/07/mirati-therapeutics-presents-late-breaking-adagrasib-monotherapy-combination-results-advanced-colorectal-cancer/ | 2022-09-07T22:48:14Z |
AWS Partner Network Member Recognized for Supporting All Phases of the Digital Customer Acquisition and Retention Lifecycle
SAN FRANCISCO, July 19, 2022 /PRNewswire/ -- ClearScale, a leading cloud systems integrator, announced today that it has achieved the Amazon Web Services (AWS) Digital Customer Experience Competency. This designation recognizes that ClearScale provides proven technology and deep expertise to help Digital Customer Experience customers.
The AWS Digital Customer Experience Competency is designed for companies that provide end-to-end solutions for all phases of the digital customer acquisition and retention life cycle. These include content management and marketing automation to engage prospects and customers with the right experience, effective and secure commerce solutions to create seamless buying experiences, and data analytics solutions to support decisions and retain customers.
Achieving the AWS Digital Customer Experience Competency differentiates ClearScale as an AWS Partner Network (APN) member that provides specialized technical proficiency and proven customer success with a specific focus on workloads based on Content Management, Marketing Automation, Digital Commerce, Customer 360, Digital Agencies, and Consulting Practices.
"ClearScale is proud to earn the AWS Digital Customer Experience Competency," said Pavel Pragin, CEO of ClearScale. "We've earned 11 AWS Competencies, so we know that these designations are more than just badges. Our AWS Competencies validate our expertise in designing automated technical solutions that help customers achieve their business goals by leveraging the agility, breadth of services, and innovation that AWS provides."
ClearScale's Digital Customer Experience services help customers from startups to global enterprises understand their target audiences in greater detail and fine-tune their operations. ClearScale is highly experienced in leveraging cloud-native technology that allows companies to discover new growth opportunities, meet buyer demands across the entire customer journey, and deliver personalized service.
"ClearScale feels like it's part of our IT team," said Peter Shelus, CTO of DatChat. "ClearScale's engineers contribute to our security management efforts and play a critical role in our uptime management and monitoring endeavors. And they are crucial in keeping our cloud infrastructure optimization efforts moving forward. We know that DatChat is in the right hands with ClearScale, which allows us to focus on making our services even better for our customers."
To learn more about ClearScale's Digital Customer Experience solutions visit https://www.clearscale.com/solutions/digital-customer-experience-services.
About ClearScale
ClearScale is a cloud-native systems integration, strategic consulting, and application development company founded in 2011. The company has successfully delivered more than 1,000 innovative cloud projects for clients ranging from startups to large enterprises and public sector organizations. ClearScale's cloud experts design, implement, optimize, and manage customized cloud solutions that help customers achieve their business transformation initiatives. For more information, visit www.clearscale.com and follow us on LinkedIn, Twitter, and YouTube.
Contact
Public Relations
1-800-591-0442
info@clearscale.com
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SOURCE ClearScale | https://www.mysuncoast.com/prnewswire/2022/07/19/clearscale-achieves-aws-digital-customer-experience-consulting-competency-status/ | 2022-07-19T13:32:47Z |
CONCORD, Mass., May 31, 2022 /PRNewswire/ -- A March 2022 study funded by the Center for Disease Control and Prevention (CDC), and published by the American Academy of Pediatrics (AAP) journal, Pediatrics, cited an urgent need to support child development screening efforts, and called for new approaches and tools for child development surveillance (monitoring). The Lorestry app is now available, putting new development monitoring tools into the hands of parents to facilitate care team collaboration and real-time record keeping. Lorestry offers a novel opportunity to support a child and their developmental needs.
For over 2 decades, the AAP has reported that 1:6 children have developmental delays, but nationally, less than 25% are referred for early intervention services. Delays in care access have lifelong consequences.
Parents are expected to participate in their child's care, but digital tools to support those efforts often fall short. Parents have struggled with "baby-tracker" apps that collect information used to sell ads. Lorestry empowers parents as their child's primary advocate and historian. "To meet the call to action of the CDC/AAP, digital tools to monitor early child development must engage parents as important and informed partners, and demonstrate an understanding of the child well-being ecosystem," said Linda Craib RN, MBA, founder of Alea Diagnostics.
Introducing Lorestry.
The free Lorestry storybook app provides parents with a private timeline of their child's early life. Their observations, collected in real-time, includes family and child health histories, behavioral observations, developmental firsts, the new CDC-defined milestones, and language emergence. Lorestry provides parents with a meaningful and powerful data-set that they curate and control.
Hand-drawn by Scottish illustrator Emily Hogarth, the app strives for simplicity, trust, beauty, meaning, and utility. Brand themes include time, inclusivity, and privacy. The name "Lorestry" is a nod to the importance of family stories (lore) handed down through generations.
With Lorestry, parents determine who has access to their child's information. They can use their data for informed conversations, collaboration, relationship-building, and self-advocacy. Designed to celebrate a child's life, growth, and progression, Lorestry defines and ushers in the NEW Development Monitoring category for children's overall well-being.
Alea Diagnostics is the category leader in children's life storytelling. The free Lorestry app is available on the App store. For more information go to AleaDiagnostics.com and follow @AleaDx on Twitter.
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SOURCE Alea Diagnostics, Inc. | https://www.kxii.com/prnewswire/2022/05/31/alea-diagnostics-introduces-lorestry-child-development-monitoring/ | 2022-05-31T17:09:37Z |
New airport will have capacity for 12 million passengers annually by 2024
NEW DELHI, June 13, 2022 /PRNewswire/ -- Bechtel Engineering and Construction India Private Limited has signed a contract to support Tata Projects in its delivery of the new Noida International Airport in the Indian state of Uttar Pradesh, which is intended to serve the national capital region of New Delhi.
Tata Projects' work includes constructing the terminal, runways and airside infrastructure roads, utilities, landside facilities and other ancillary buildings for an opening capacity of 12 million passengers annually by 2024.
Bechtel will bring eight decades of global experience in building airports as well as expanding operational airports to support Tata Projects who recently secured the overall engineering, procurement and construction contract from Yamuna International Airport Private Limited, a fully owned subsidiary of Zurich Airport International AG.
"We're looking forward to supporting the construction of this exciting and ambitious airport - our first association with an airport in India - that will cater for millions of passengers, providing the comfort and efficiency expected of an international gateway," said Avijit Ray, manager of Bechtel's offices in India.
Noida International Airport is conceived as a modern, hyper-efficient, passenger-centric experience combining Indian culture and hospitality with Swiss technology.
"We're pleased to have Bechtel as a partner to help provide support to Tata's team and help in the delivery of this nationally-significant new airport," said Vinayak Pai, CEO and Managing Director of Tata Projects Ltd. "We shall deploy the latest technologies in the construction of India's first net-zero emissions airport building, while meeting the highest standards of quality, safety, and sustainability."
Bechtel has worked on more than 100 aviation projects around the world including Hamad International Airport, Muscat International Airport, and Hong Kong International Airport. Bechtel is currently working at Western Sydney Airport and Los Angeles International Airport.
Bechtel is a trusted engineering, construction and project management partner to industry and government. Differentiated by the quality of our people and our relentless drive to deliver the most successful outcomes, we align our capabilities to our customers' objectives to create a lasting positive impact. Since 1898, we have helped customers complete more than 25,000 projects in 160 countries on all seven continents that have created jobs, grown economies, improved the resiliency of the world's infrastructure, increased access to energy, resources, and vital services, and made the world a safer, cleaner place.
Bechtel serves the Energy; Infrastructure; Manufacturing & Technology; Mining & Metals; and Nuclear, Security & Environmental markets. Our services span from initial planning and investment, through start-up and operations. www.bechtel.com
Media contact:
Juliet Whitcombe
C : + 44 (0)7917 722304
Email: jwhitcom@bechtel.com
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SOURCE Bechtel | https://www.kxii.com/prnewswire/2022/06/13/bechtel-support-construction-new-airport-indias-capital-city/ | 2022-06-13T20:01:39Z |
NEW YORK (AP) — Just as Americans gear up for summer road trips, the price of oil remains stubbornly high, pushing prices at the gas pump to painful heights.
Drivers were paying $4.37 for a gallon of regular Tuesday, on average, according to AAA. That’s 25 cents higher than a month ago, and $1.40 more than a year ago.
“The price of gas is ridiculous,” said Joel Baxter, a nurse, who was filling up his car at a BP station in Brooklyn, New York, so that he could commute 26 miles (42 kilometers) to work. “The money, your salary, is practically the same, and everything is going up, so they should do something about it.”
The high price of oil is the main cause of the biting gasoline prices. A barrel of U.S. benchmark crude was selling for around $100 a barrel Tuesday, a price tag that has been climbing throughout the year. The high price of oilis largely because many buyers are refusing to purchase Russian oil because of its invasion of Ukraine. The European Unionis considering an embargo on oil from Russia, which is a major supplier. Those pressures leave less oil to go around.
Drivers such as Baxter say they wish the government could step in to help, although few can say what solution that would bring lasting relief.
“There are very few things that a president can do to help lower the cost of oil, and this administration tried to do pretty much everything that it can,” said Andrew Gross, spokesman for AAA.
President Joe Biden released oil from the Strategic Petroleum Reserve in November and March, hoping to reduce prices. That helped temporarily, but prices shot back up and stayed stubbornly high.
Biden in remarks Tuesday stressed that fighting inflation is his top priority, a sign of both the economic challenges caused by prices rising at the fastest pace in four decades and the political drag for Democrats that has resulted.
“I believe that inflation is our top economic challenge right now,” Biden said.
He said that switching away from fossil fuels and greater energy efficiency will ultimately protect Americans from higher gasoline and heating and cooling costs.
The president noted that Americans are finding ways to limit how many fill-ups they need because of higher prices. “They’re doing everything in their power to figure out how to not show up at the gas pump,” he said.
White House press secretary Jen Psaki said a suspension of the federal gas tax is “an option on the table.” The suspension could in theory reduce gas prices by as much as 18 cents a gallon.
Republican lawmakers say the key is to lease more federal land for oil and gas drilling and send a positive message to energy producers by greenlighting the Keystone XL pipeline that Biden nixed last year.
As the war Russia is waging on Ukraine continues and demand for gasoline continues to grow, experts are not expecting relief at the pump any time soon.
“We will see this trend continue probably throughout summer, mainly because of demand,” Gross said. “The weather’s getting warmer. The days are getting nicer. People are hitting the road.”
That’s particularly hard on people who drive for a living, or those who must drive to get to work.
“It’s expensive,” said Peter Lector, 28, who spent $60 Tuesday to fill up his tank in Brooklyn. “I’m doing Uber, so it’s costing me a lot of money every morning.”
If the price of gasoline keeps going up, he feels like he might have to find another job, he said.
Still others have accepted that high gasoline prices may be here to stay.
“It is what it is,” said David Stephen, who was also buying gasoline in Brooklyn. “Everything goes up, never comes down …. You can’t do anything about it.”
___
AP video assignment manager Lisa Matthews in Washington contributed to this report. Boak reported from Washington. | https://cw33.com/business/ap-business/drivers-bemoan-high-gasoline-prices-with-no-relief-in-sight/ | 2022-05-11T15:34:30Z |
CHONGQING, China, Aug. 22, 2022 /PRNewswire/ -- A news report from iChongqing:
The Smart China Expo (SCE) 2022 is held in Southwest China's Chongqing Municipality from August 22 to 24, where development plans, latest achievements, and hot topics are discussed on the application of frontier technology of intelligent science on the building of smart city. Online exhibition is available here SCE.
The world-renowned scientists representing at the SCE 2022 include 2010 Nobel Prize winner Konstantin Novoselov, and 2021 Turing Prize winner Jack Dongarra, academics of the Chinese Academy of Sciences and Chinese Academy of Engineering, and heads of well-known enterprises like Changan Auto, Alibaba Group, and Huawei. They delivered video speeches to discuss new technologies, developments, and trends in "smart city" construction at the Opening Ceremony and Summit of the SCE today.
The Expo gathered more than 50 of the Fortune Global 500 and Fortune China 500 enterprises, including Huawei, Bosch, BOE, and Inspu, combined with the global release of Beitai Tianyuan numerical calculation software V2.0 and the launch of Baidu autonomous driving commercial operation scheme for the first time.
With an exhibition area of 90,000 square meters, 557 exhibitors from 19 countries and regions participates including Italy, more than 1560 application scenarios are presented in over 30 fields, and make extensive use of information technology such as naked eye 3D, Virtual Reality (VR), and Extended Reality (XR).
This year's SCE highlights the cutting-edge achievements showcase. Fifty eight new products such as a high-definition 8k decoder and intelligent machine workshop, 15 new technologies including desert socialization smart agriculture, 24 new applications like "city brain" big data platform, and 16 new achievements involving microchip and IntelliSense system, are presented at this session.
Focusing on "Smart City" this year, the SCE sets up the guest of honor province by Sichuan Province, aiming to accelerate the development of intelligent industries in Chengdu and Chongqing through cooperation.
This year marks the fifth year of the SCE, helping Chongqing to accelerate the construction of the smart city and promote the deep integration of digital technology, and economic and social development. With Chongqing as the fulcrum, the integration and exchange of advanced technologies between China and foreign countries will be further promoted in big data intelligence.
For more information on SCE2022, please visit
https://www.ichongqing.info/special/smart-china-expo-2022/
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SOURCE iChongqing | https://www.mysuncoast.com/prnewswire/2022/08/22/smart-china-expo-2022-opens-promote-chinas-international-high-tech-cooperation/ | 2022-08-22T09:39:31Z |
VANCOUVER, BC, May 26, 2022 /PRNewswire/ - Orex Minerals Inc. ("Orex") (TSXV: REX) (OTCQB: ORMNF) is pleased to announce that Tatiana Alva Jimenez, M.Sc. P.Geo. has joined the geological senior management team of Belcarra Group Management Ltd. as a Vice President Exploration, and in this role she will serve as a Technical Advisor to Orex. As well as geological sciences degrees from both Peru and Canada, she has 18 years international experience with companies and mining industry consulting firms.
Orex's President & CEO, Ben Whiting, P.Geo., states: "We welcome Tatiana Alva Jimenez to our team at the Belcarra Group. Her experience in Latin American exploration and mining projects will be a particularly valuable addition to our technical guidance for Orex."
Tatiana Alva Jimenez is a registered Professional Geoscientist (P.Geo.) with Engineers & Geoscientists British Columbia (EGBC) and is a member of the Society of Economic Geologists (SEG) and Sociedad Geológica del Perú (SGP). She holds a Geology degree from Universidad Nacional de Ingeniería (UNI), Lima, Peru and a Master of Science in Economic Geology from the University of British Columbia (UBC), Vancouver, BC, Canada. She is bilingual in English and Spanish.
Of direct application to Orex is Tatiana Alva Jimenez's experience in Mexico, she has worked on projects in the Sierra Madre Occidental and the Mesa Central, both regions where Orex currently has exploration projects.
Orex Minerals Inc. is a mineral exploration company focused on precious and base metals exploration in Mexico and Canada. Orex has several current projects: Two projects are located in Durango State, Mexico, the Sandra Silver-Gold Project with Pan American Silver Corp. and the Coneto Gold-Silver Project with Fresnillo PLC. The third project is the Jumping Josephine Gold Project in British Columbia, Canada. Orex is managed by the experienced Belcarra Group Management Ltd. (the "Belcarra Group"), comprised of highly qualified mining professionals.
Ben Whiting. P.Geo.
President and CEO
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this press release.
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SOURCE Orex Minerals Inc. | https://www.mysuncoast.com/prnewswire/2022/05/26/geologist-tatiana-alva-jimenez-joins-technical-advisor-orex/ | 2022-05-26T13:28:26Z |
Hyundai recalls 215K Sonatas; faulty hoses can leak fuel
DETROIT (AP) — Hyundai is recalling more than 215,000 midsize cars in the U.S. — most for a second time — because fuel hoses can leak in the engine compartment and cause fires.
The recall covers certain 2013 and 2014 Sonata sedans, many of which were recalled for the same problem in 2020.
The Korean automaker says in documents posted Wednesday by U.S. safety regulators that a low pressure fuel hose can crack over time due to heat from the engine. That can cause fuel leaks and increase the risk of a fire.
In the 2020 recall, dealers inspected the hoses and replaced them if they were damaged. If not, heat-resistant tape was installed. This time all of the faulty hoses will be replaced.
Hyundai says in documents that it has 138 reports of problems in the U.S., but no confirmed crashes, fires or injuries.
Owners will be notified starting July 5.
The new recall comes after the U.S. National Highway Traffic Safety Administration stepped up a series of investigations into engine compartment fires that have plagued Hyundai and related automaker Kia.
In December, the agency consolidated two investigations from 2017 into a new a new engineering analysis covering more than 3 million vehicles from the 2011 through 2016 model years. At the time, NHTSA had received 161 complaints of engine fires, some of which occurred in vehicles that had already been recalled. | https://localnews8.com/news/ap-national-business/2022/05/11/hyundai-recalls-215k-sonatas-faulty-hoses-can-leak-fuel/ | 2022-05-11T15:32:12Z |
BROOKLINE, Mass. (AP) — Bryson DeChambeau called his move to the LIV Golf series “a business decision,” and a difficult one at that.
The 2020 U.S. Open champion, who as recently as 10 days ago had said he was sticking with the PGA Tour, offered his first comments about his change of heart Monday after a practice round at The County Club.
“At the end of the day, it’s a business decision for my family’s future,” he said. “And it gave me a lot more free time.”
The big-hitting 28-year-old, who has been hampered by a hand injury for most of this year, says the money he’ll get for playing the series will also help him build his charitable foundation. DeChambeau is unmarried and has no children.
Much as Phil Mickelson had in a news conference earlier in the day, DeChambeau didn’t want to delve into the politics of where the money is coming from — the sovereign wealth fund of Saudi Arabia — or how the PGA Tour will react to his decision. Like Mickelson, DeChambeau has not surrendered his tour card.
“It’s not my decision to make,” he said about his future on the PGA Tour, where he has $26.3 million in career earnings and eight of his 10 worldwide victories.
DeChambeau is scheduled to make his LIV series debut next month in Portland, Oregon. He said the decision to play on the Saudi-backed tour was one that he did not take lightly.
“Very difficult,” he said. “It’s been weighing on everyone out here for the last couple of years.”
LOCAL FAVORITE
Growing up 15 minutes away from The Country Club, Michael Thorbjornsen knows plenty about the course and its history.
Most of it from the movies.
A resident of nearby Wellesley, Thorbjornsen has seen “The Greatest Game Ever Played” eight times but only once played the course where the film about Francis Ouimet’s 1913 U.S. Open victory took place.
“I mean, Tom Brady tried to become a member here. I think it took him a long time,” Thorbjornsen said Monday after a practice round for the U.S. Open. “It feels really cool to be on property.”
The Country Club is hosting the U.S. Open for the fourth time. After Ouimet, an amateur who lived across the street and caddied at the club, beat English professionals Harry Vardon and Ted Ray in a playoff in 1913, Julius Boros won in 1963 and Curtis Strange won in 1988.
In the 1999 Ryder Cup, the Americans charged back from a 10-6 deficit on the final day for a victory dubbed “The Battle of Brookline.”
Thorbjornsen wasn’t born yet for any of that, and he was only 13 when the USGA announced the course would host the 2022 U.S. Open.
“At that moment, I made it my goal to qualify for this event,” said Thorbjornsen, who played a practice round on Monday with a high school friend, with his family following him around the course. “It felt great. It feels like a home event.”
BACK IN TOWN
Matt Fitzpatrick didn’t only leave his first visit to The Country Club with a nice shiny trophy. He also made some lifelong friends.
The 2013 U.S. Amateur champion is staying with the same family that hosted him when he won the tournament in Brookline. The Englishman spent his first-ever Thanksgiving with the Fulton family later that year when he was in college at Northwestern, and also visited them in 2016.
“We came for a week and played the course and stuff,” Fitzpatrick said. “Staying with them this week, which is going to be good fun.”
The U.S. Amateur victory earned Fitzpatrick a spot in the British Open and the following year’s Masters and U.S. Open, along with invitations to a handful of PGA Tour events. He earned his first professional win at the British Masters in 2015 and has won six other tournaments in Europe and Asia.
“All of a sudden it opens up all these doors. I never realized how big of a deal it was over here until after winning,” he said on Monday. “So I’ve got all these events that I’ve been invited to, and just opportunities to get experience playing professional golf. … Because of winning here, it sort of gave me that experience.”
Fitzpatrick finished tied for seventh at the Masters in 2016 and has twice finished tied for 12th at the U.S. Open. He is coming off his best-ever performance at a major, a tie for fifth at the PGA Championship after shooting 73 on Sunday.
“It was disappointing at first when you come off the golf course and sort of the realization that you had a chance to win and you’ve not taken it,” he said. “I feel like I’m playing well. I feel like I just made so many mistakes last week, just simple bogeys that you clear them up and all of a sudden you’re picking up a lot of shots.”
Fitzpatrick was 18 and heading off to college when he first came to Brookline in 2013, and he said it was a thrill to have his family with him, with his brother on the bag.
But not all the memories of the area are good.
“I don’t really like Thanksgiving food. It’s not for me,” he said, calling green beans the “worst thing ever invented.”
Asked if he had ever tasted New England clam chowder on one of his visits, he said: “Never tried it, but probably terrible.”
NICE GROUPING
Shane Lowry will have the best seat at Brookline to hear how fans respond to Phil Mickelson and other players who have joined a Saudi-funded rival league. He is in the same group as Phil Mickelson and Louis Oosthuizen, both of whom played in the LIV Golf Invitational last week.
It was a delicate act for the USGA, which often has fun with the tee times.
Sergio Garcia and Kevin Na also are in the rival league, and both have heard their share of heckling even without having to mention Saudi Arabia. They are paired together and joined by Tyrrell Hatton.
One traditional group is the defending champion (Jon Rahm), the British Open champion (Collin Morikawa) and the U.S. Amateur champion (James Piot), even though Piot is now a pro. He also was on the LIV Golf circuit last week.
___
AP Golf Writer Doug Ferguson and AP Sports Writer Eddie Pells contributed to this report.
___
More AP golf: https://apnews.com/hub/golf and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/us-open-notebook-golf-schism-the-talk-of-the-country-club/ | 2022-06-14T07:06:56Z |
AAP updates breastfeeding guidelines for first time in a decade
(CNN) – The American Academy of Pediatrics has updated its guidance on breastfeeding.
The group still recommends breastfeeding for at least the first six months of a baby’s life, but now also supports continued breastfeeding of age 2 and older.
The AAP says breastmilk provides significant health benefits to babies.
While breastfeeding may not be an option for everyone, any amount of breast milk is better than none, and the longer a baby is breastfed, the better, according to the AAP.
The group is urging nonjudgmental support to all families, regardless of their feeding choices.
It’s urging policy change to address the persisting stigma and workplace obstacles that can make it difficult for mothers who want to continue breastfeeding beyond a year.
This is the AAP’s first update to its breastfeeding guidance in ten years.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.mysuncoast.com/2022/06/29/aap-updates-breastfeeding-guidelines-first-time-decade/ | 2022-06-29T20:12:33Z |
4 injured in drive-by shooting near Chicago high school
Published: Aug. 24, 2022 at 5:55 PM CDT|Updated: 21 minutes ago
CHICAGO (AP) — Authorities say three juveniles and one adult have been shot near a high school on Chicago’s Northwest Side.
Police say the victims between the ages of 15 and 18 were wounded on Wednesday afternoon outside an ice cream shop near Carl Schurz High School.
The police department says one 15-year-old is in critical condition, while the others are in good condition.
Chicago Public Schools issued a statement saying a shooting occurred just before a high school’s dismissal bell, but would not confirm the school name.
The school went on a lockdown while police responded.
That lockdown has since been lifted.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/08/24/4-injured-drive-by-shooting-near-chicago-high-school/ | 2022-08-24T23:18:46Z |
Citing imminent danger, Cloudflare drops hate site Kiwi Farms
SAN FRANCISCO (AP) — Citing an “immediate threat to human life,” Cloudflare has dropped the notorious stalking and harassment site Kiwi Farms from its internet security services following an online campaign started by transgender Twitch streamer Clara Sorrenti to pressure it to do so.
“This is an extraordinary decision for us to make and given Cloudflare’s role as an Internet infrastructure provider, a dangerous one that we are not comfortable with,” CEO Matthew Prince wrote in a blog post Saturday in an about-face after earlier insisting that the company would not block the site. “However, the rhetoric on the Kiwifarms site and specific, targeted threats have escalated over the last 48 hours to the point that we believe there is an unprecedented emergency and immediate threat to human life unlike what we have previously seen from Kiwifarms or any other customer before.”
For years, members of the site created and operated by Joshua Conner Moon, 29, have congregated on what they call a “lighthearted discussion forum” to organize vicious harassment campaigns against transgender people, feminists and others they deem mockable. They gang up on victims and pool their personal details such as addresses and phone numbers in a practice called “doxxing,” spreading vile rumors and targeting workplaces, friends, families and homes. Another favorite tactic has been “swatting” — making false emergency calls to provoke an armed police response at a target’s home. Some people subjected to the group’s abuse have died by suicide.
Sorrenti, who goes by “Keffals” online, has been leading a campaign to pressure Cloudflare to drop Kiwi Farms. In August, she fled her home in Canada for Europe after she was doxxed and swatted. Her online stalkers, however, found her in Belfast, Ireland, as well and continued to intensify their harassment campaign against her just as her campaign against Kiwi Farms and its enablers was gaining momentum.
“When a multi-billion dollar corporation like Cloudflare has to drop Kiwi Farms because of an ‘imminent and emergency threat to human life’ it is no longer a matter of free speech. Removing Kiwi Farms from the internet is a matter of public safety for every single person online,” she tweeted on Saturday.
On Sunday, Kiwi Farms was inaccessible. But a version of the site with a .ru domain name was intermittently up and running, though it was not clear whether it would remain up.
The decision to drop Kiwi Farms Saturday was an about-face for Cloudflare and Prince, who earlier in the week put out a 2,600-word blog post — without mentioning the site by name — doubling down on the decision to protect it and comparing Cloudflare to a phone company that “doesn’t terminate your line if you say awful, racist, bigoted things.”
But Sorrenti and other targets of the site say it was far worse than that, as trolls on the site relentlessly pursued their victims offline — often for years on end.
“They are trying to get people to lose their jobs. They’re trying to get people to lose their housing, to be starving and homeless,” Liz Fong-Jones, a former Google engineer and cloud computing expert who is transgender, told the AP last week. “And then they go after people’s families and then they tell people that the only way out is to kill themselves.”
Moon started Kiwi Farms nearly a decade ago as a wiki site dedicated to harassing a transgender woman; Moon even used the woman’s initials in an early version of the site’s name. Over time its users began to target other people -- mostly active online users who are transgender, have autism or other mental conditions. Kiwi Farms in its current form was born in 2015.
An overarching theme of the site’s discussions centers on users’ fierce opposition to transgender children receiving gender-affirming medical care. Members typically refer to those who support such treatment as “groomers” and “pedophiles,” rhetoric that is also used increasingly by conservatives in their opposition to LGBTQ rights.
“There has never been a violent incident in our history, which cannot be said for many other sites still on Cloudflare. This narrative feels like a lie spun up to save face,” Moon, who posts on Kiwi Farms under the pseudonym “Null,” posted Saturday in response to Cloudflare’s cutoff. Reached earlier by The Associated Press to comment on the campaign against his site, Moon replied only “the press are scum.”
KiwiFarms.ru is registered to and protected by the Russian company DDoS-Guard, whose customers have in the past included Russian government websites including the Defense Ministry and cybercriminal forums where stolen credit cards are bought and sold.
Last year, DDoS-Guard protected the pro-Trump social media website Parler.com for a time after Amazon withdrew hosting services. KiwiFarms.ru was registered on July 12, suggesting Moon was aware Cloudflare could drop his site and thus created a backup plan.
DDoS-Guard did not immediately respond to a message seeking comment on Sunday. Kiwi Farms’ internet connection is provided by VegasNAP, a Las Vegas-based company that said in response to queries last week that it does not disclose information about its clients. Contacted again Sunday, the company did not immediately respond.
“In the past, DDoS-Guard has been known to discontinue support for some seriously problematic websites, apparently as a result of press inquiries. That very well may happen again, in this instance, but I wouldn’t bet on it,” said independent internet expert Ron Guilmette. “Obviously, a lot has changed in the world since February 24, 2022, and I do believe that, in general, Russians these days, and over the past 6 months in particular, have learned to care a whole lot less about what the rest of the world thinks of them and/or their actions.”
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/09/05/citing-imminent-danger-cloudflare-drops-hate-site-kiwi-farms/ | 2022-09-05T11:58:09Z |
NEW YORK, July 25, 2022 /PRNewswire/ -- Purcell & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Progyny, Inc. (NASDAQ: PGNY).
If you are a shareholder of Progyny, Inc. and are interested in obtaining additional information regarding this investigation, free of charge, please visit us at:
You may also contact Robert H. Lefkowitz, Esq. either via email at rl@pjlfirm.com or by telephone at 212-725-1000. One of our attorneys will personally speak with you about the case at no cost or obligation.
Purcell & Lefkowitz LLP is a law firm exclusively committed to representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty and other types of corporate misconduct. For more information about the firm and its attorneys, please visit http://pjlfirm.com. Attorney advertising. Prior results do not guarantee a similar outcome.
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SOURCE Purcell & Lefkowitz LLP | https://www.wibw.com/prnewswire/2022/07/25/shareholder-alert-purcell-amp-lefkowitz-llp-is-investigating-progyny-inc-potential-breaches-fiduciary-duty-by-its-board-directors/ | 2022-07-25T16:08:19Z |
NASHVILLE, Tenn. (AP) — In 2013, the first of more than 200 workers who labored to clean up the nation’s worst coal ash spill filed a suit against the contractor, blaming Jacobs Engineering for illnesses they believe were caused by exposure to heavy metals and radioactive particles in the ash. Nearly a decade later, not a single case has made it through the court system.
As the cases drag on, dozens who believed their work for the contractor made them sick have died.
They include people like Ansol Clark, who arrived at the Tennessee Valley Authority’s Kingston Fossil Plant just hours after the Dec. 22, 2008, spill, and got to work. He labored long hours in the coal ash sludge with few or no days off for months at a time until he became too sick to work in 2013. He died last year from a rare blood cancer that he believed was caused by exposure to the ash.
“Ansol never lived to see any justice,” his wife of almost 50 years, Janie Clark, said. “He never did — on earth.”
Over the years, Jacobs has made repeated attempts to have the suits thrown out. The Tennessee Supreme Court is scheduled to hear oral arguments on Wednesday in Jacob’s latest challenge to the workers’ lawsuits. The company wants a judge to dismiss most of the plaintiffs for failing to follow a procedure outlined in the Tennessee Silica Claims Priorities Act.
The law requires anyone pursuing claims for exposure to silica or mixed dust to file a doctor’s report concluding that the exposure is a “substantial contributing factor” to the patient’s illness. For plaintiffs bringing wrongful death claims on behalf of a loved one, they must also show the worker was exposed to the dust for at least five years. Workers with lung cancer are subject to the five-year provision too and additionally must show that their cancer was diagnosed at least 10 years after their first exposure to the dust.
In court filings, Jacobs said the vast majority of plaintiffs either didn’t file the doctor reports, filed inadequate reports, or didn’t meet the time restrictions. For example, one worker died from lung cancer in 2015, less than seven years after the spill, so should not be allowed to sue, according to Jacobs.
Attorneys for the workers argue the silica law was never meant to apply to cases like theirs. The act specifically refers to silica, which is just one component of coal ash. The components they believe caused the worker injuries include arsenic, lead, cadmium, mercury and radium, but not silica. The law also refers to claims for very specific injuries — silicosis and pulmonary fibrosis — that are not at issue in this case.
In addition, the workers’ attorneys say it is simply too late to bring this challenge. The case already went through the first part of a two-part trial in 2018, when a Knoxville, Tennessee, jury found that Jacobs breached its duty of care to the workers. The jurors said Jacobs’ actions were capable of making the workers sick. Whether those actions actually did make them sick, and thus eligible for monetary damages, was left for a subsequent trial or trials.
Jacobs’ attorneys have said the company did its best to manage the cleanup in a way regulators said was safe. It has not been proven that Jacobs — or even coal ash — is to blame for any illnesses, and the EPA classifies coal ash as nonhazardous.
After the 2018 trial, the federal judge in the case ordered mediation, alluding to workers’ urgent need for medical care. Mediation was unsuccessful, but a new trial date has not been set as Jacobs continues to pursue legal challenges. Twice, the company has asked the 6th U.S. Circuit Court of Appeals to find that it is immune from being sued because it was acting on behalf of the Tennessee Valley Authority, a federal agency. The court has ruled against Jacobs both times, most recently this month.
Doug Bledsoe didn’t live to see that small victory. Bledsoe was called to work at Kingston just days after the 2008 collapse of a six-story earthen dam released more than a billion gallons of coal ash sludge. The spill was so massive it knocked nearby homes off their foundations. As the sludge slowly dried over the yearslong course of the cleanup, it turned into a fine dust that had to be constantly watered down but still filled the air, especially on windy days, according to trial testimony.
Bledsoe drove a water truck there until 2014. In 2018, he was diagnosed with lung and brain cancer. He died two years later, leaving behind his wife of 38 years, Johnnie Bledsoe. The two began dating when she was 14 and Doug Bledsoe was her “whole world,” she said.
“Everything we done, we done together,” Johnnie Bledsoe said. “We raised cattle together. We had a farm together. All that’s stopped.”
Last year Johnnie Bledsoe and Janie Clark received an American flag that had flown over the U.S. Capitol to honor the coal ash cleanup workers. Clark said it is the only official acknowledgement they have received of the suffering they’ve endured.
Before he died Ansol Clark built a wooden cross that he placed near the Kingston plant as a memorial to the workers. Janie Clark said she plans to go there this weekend to change the flowers, as she does regularly.
“I’ll be doing that as long as I can get up the hill,” Clark said. “I do not intend to let this be forgotten.” | https://cw33.com/health/ap-health/coal-ash-workers-dying-as-lawsuit-over-illnesses-drags-on/ | 2022-05-31T07:58:20Z |
NEW YORK, June 27, 2022 /PRNewswire/ -- Attention IonQ, Inc. ("IonQ") (NYSE: IONQ) shareholders:
The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors who purchased between March 30, 2021 and May 2, 2022.
If you suffered a loss on your investment in IonQ, contact us about potential recovery by using the link below. There is no cost or obligation to you.
https://www.wongesq.com/pslra-1/ionq-inc-loss-submission-form?prid=29127&wire=4
ABOUT THE ACTION: The class action against IonQ includes allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (1) IonQ had not yet developed a 32-qubit quantum computer; (2) the Company's 11-qubit quantum computer suffered from significant error rates, rendering it useless; (3) IonQ's quantum the computer is not sufficiently reliable, so it is not accessible despite being available through major cloud providers; (4) a significant portion of IonQ's revenue was derived from improper roundtripping transactions with related parties; and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were the materially misleading and/or lacked a reasonable basis.
DEADLINE: August 1, 2022
Aggrieved IonQ investors only have until August 1, 2022 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent Wong | https://www.wibw.com/prnewswire/2022/06/27/class-action-alert-law-offices-vincent-wong-remind-ionq-investors-lead-plaintiff-deadline-august-1-2022/ | 2022-06-27T21:33:57Z |
The University of North Texas has more than 42,000 students, but few are as infamous as senior Kelly Neidert.
Since she arrived at the Denton campus in 2019, the 22-year-old marketing major has revived its Young Conservatives of Texas chapter — which had been dormant for years — and developed a reputation among students and administrators as the campus’ biggest provocateur.
On Twitter, she branded herself “the most hated conservative college student in the state of Texas.”
On TikTok, she posted a video in which she approached a group of students holding an event for “Coming Out Day” and said she was coming out as conservative.
Last month, her reputation grew even more after she invited anti-trans political candidate Jeff Younger to campus to speak at a YCT meeting, a move that sparked a massive protest of students who drowned out Younger with expletive-laden screams. Younger responded by calling them communists and telling them to shout louder — until university police ended the event because of safety concerns.
Police hid Neidert in a janitor’s closet to avoid protesters who were roaming the halls, allegedly searching for her.
Neidert repeated the story as a guest on various right-wing media outlets. She and other YCT members routinely record students’ reactions to her group’s events on campus — which have included protests, students cursing at her and death threats on social media — then share the videos during her media appearances on Fox News, Newsmax and other outlets.
“Thank you libs for the endless amount of content you are giving me,” she posted on Twitter last fall after students protested an anti-abortion candlelight vigil that her group hosted.
In just a few years, Neidert has single-handedly elevated the happenings at UNT into the national political debate about free speech on college campuses.
To her allies on the right, she’s a crusader against the “woke” left that is censoring conservatives in American higher education
To her opponents on the left, she’s using YCT and social media to spew hate speech about transgender students and to harass them, all to further her own image within the conservative movement.
“She’s a grade A troll,” UNT political science major Maya Isola said. “In a way, I have to commend her, because she knows what she’s doing.”
UNT President Neal Smatresk told a group of students protesting the university’s handling of the Younger event last month that Neidert and YCT members “have taken over the dialogue (on campus),” according to a video of the conversation provided to The Texas Tribune by a student.
“I don’t know if we can ever stop the one individual who is in that group because she’s become a media sweetheart,” Smatresk added. “And I think that she’s going to keep going.”
Media attention
Neidert told the Tribune that her motivation to post her experiences at UNT online is to show what it’s like to be a conservative on campus today.
“I think that conservatives, especially older ones who haven’t been on a campus in a while, they’re shocked by it,” Neidert said. “And so the goal of my TikTok has been to show people this is happening at college, and it’s also happening in Texas.” (Her TikTok account, which at one point had 64,000 followers, has been suspended for weeks. She says the platform considered a video from the Younger protest to be “violent.”)
Since late 2020, events organized by Neidert and her group have sparked at least one confrontation per semester between other UNT students and YCT members. Each time, Neidert or another member has documented the incident with photos or video, and then Neidert shares the images with TV outlets — which often put them on screen as Neidert tells the host about the experience.
When YCT members planted hundreds of flags on campus for an anti-abortion memorial in the fall of 2020, students began removing them. The video later played on an online broadcast of Real America’s Voice, a self-described alternative to mainstream networks where “traditional values continue to get trampled on.”
The following semester, Neidert appeared on Fox News after her group hid 250 Easter eggs around campus with Bible verses inside. Neidert told the host that they received backlash on social media from students who said they were going to stomp on the eggs and replace the Bible verses with condoms.
“This has been a pretty common theme when my group does any type of activity on campus,” Neidert said. “It’s very liberal here, and these students don’t know how to interact with those who have a different opinion.”
In March, the videos of students screaming, standing on desks and cursing during the Younger event flooded social media. Neidert joined Younger on the conservative network Newsmax a few days after the event to discuss the incident with host Rob Schmitt.
Students are heard screaming, “(Expletive) you, Kelly!”
“Most of the students know who I am by now, so I was expecting some backlash,” she told Schmitt, adding that she was terrified when police pulled her into a closet as “Antifa ran up and down the hallways.”
Left-leaning students on campus said they’re aware Neidert is using their reactions against them on conservative media and social media. They acknowledge that some protesters’ behavior during the Younger event — particularly those who searched for Neidert inside the building — wasn’t productive. Meanwhile, thousands of UNT students want Neidert gone from campus. A petition calling for Neidert’s expulsion from UNT had more than 20,200 signatures online, and students have demanded in another petition and during protests that the university remove YCT from campus.
In the video of Smatresk talking to student protesters, multiple students claimed Neidert had harassed them and used hate speech against transgender students. Smatresk repeatedly told those students to file gender discrimination or civil rights complaints with the university — without a formal complaint, he said, the school could not act.
When asked whether students had submitted formal complaints, the university said in a written statement that it received informal complaints about Neidert and the campus YCT chapter via email, and a review of those complaints did not yield any policy violations. The university also said the YCT chapter has not violated any university policies.
UNT student Tara Olson, who helped organize protests calling on the university to hold YCT members accountable for their actions, said she was disappointed the school wouldn’t punish YCT or remove Neidert from campus. “It’s almost like they’re afraid of getting backlash from the conservative media that Kelly has become a part of,” she said.
Year at UMHB
When she enrolled at UNT after a year at the University of Mary Hardin-Baylor, a small Baptist college in Belton, Neidert said she was encouraged by her twin brother, Jake — who was involved in the YCT chapter at Baylor University — to resurrect UNT’s dormant YCT chapter. Neidert attended a weekend leadership training held by YCT’s statewide organization, which she said further fueled her interest in campus activism.
She said students from colleges across Texas learned about political campaigning, how to make attractive flyers for events and how to use social media effectively. There was an entire session about using internet memes, Neidert said.
Her group also sued the university over its tuition rates. The Texas Public Policy Foundation, a right-leaning advocacy group, recently won a lawsuit on behalf of the campus and statewide Young Conservatives of Texas groups that blocks UNT from charging out-of-state students higher tuition than undocumented students who qualify for in-state tuition. UNT has appealed the ruling.
Disclosure: The Texas Public Policy Foundation, the University of North Texas and Baylor University have been financial supporters of The Texas Tribune, a nonprofit, nonpartisan news organization that is funded in part by donations from members, foundations and corporate sponsors. Financial supporters play no role in the Tribune’s journalism.
This story was first published at www.texastribune.org by The Texas Tribune. This story has been edited for length. The Texas Tribune is a nonpartisan, nonprofit media organization that informs Texans — and engages with them — about public policy, politics, government and statewide issues. | https://www.tdtnews.com/news/article_e822db18-c449-11ec-b160-6fed8cdcd8a9.html | 2022-04-25T04:47:27Z |
Plans for New York’s largest ‘all-electric’ skyscraper unveiled
Oscar Holland, CNN
American banking giant JPMorgan Chase has unveiled plans for its new global headquarters: a 60-story skyscraper powered entirely by renewable energy.
Set to complete in 2025, the 1,388-foot-tall tower will become New York’s largest “all-electric” building, according to Foster + Partners, the architects behind the design.
A series of digital renderings, released last week, show the tower’s stepped form soaring over Midtown Manhattan. In a joint press release, JPMorgan Chase and Foster + Partners said the skyscraper will achieve “net zero operational emissions” — in part, by using power from a state hydroelectric plant.
Other energy-efficient design features include triple-glazed windows and systems for storing and reusing water that can reduce usage by 40%. The tower will also make use of “intelligent building technology” by employing sensors to monitor and reduce energy consumption.
Construction work has already commenced at the site, which was once home to the 708-foot Union Carbide Building. The architects say that 97% of the building materials from the tower’s predecessor will be “recycled, reused or upcycled.” The new design also promises more than double the amount of ground-level outdoor space at the address, complete with a public plaza and widened sidewalks.
Foster + Partners’ founder, the celebrated British architect Norman Foster, said in a statement that the tower was a “new landmark that responds to its historic location.”
“The unique design rises to the challenge of respecting the rhythm and distinctive streetscape of Park Avenue, while accommodating the vital transport infrastructure of the city below,” he is quoted as saying. “The result is an elegant solution where the architecture is the structure, and the structure is the architecture, embracing a new vision that will serve JPMorgan Chase now and well into the future.”
The unveiling comes just months after former New York Mayor Bill de Blasio passed a law restricting the use of fossil fuels in all new residential and commercial buildings from next year. The legislation requires that all new buildings in the city are constructed to be fully electric by 2027.
New York legislators are meanwhile considering new state-wide rules through the proposed All-Electric Buildings Act. The bill was introduced in 2021 by New York State senator Brian Kavanagh and assembly member Emily Gallagher, who say it will cut the state’s carbon emissions by millions of tons while ensuring low-income residents can access affordable power.
According to city officials, an estimated 70% of New York’s greenhouse emissions come from buildings.
Amid reports of an exodus from New York City during the pandemic, JPMorgan Chase also appears to be putting its weight behind in-person work: The new tower can house up to 14,000 employees across 2.5 million square feet of floor space — four times the capacity of the old Union Carbide Building.
The design offers occupants various “wellness” facilities, including air filtration systems, a health and fitness center, indoor greenery and “touchless” technology.
Located at 270 Park Avenue, the project forms part of wider plans to transform a 78-block stretch of New York’s Midtown East. In 2017, city authorities voted to rezone the neighborhood, with De Blasio at the time promising “major upgrades to subway stations, more expansive space for pedestrians, investments in its iconic landmarks, and a new generation of office buildings.”
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/entertainment/cnn-style/2022/04/19/plans-for-new-yorks-largest-all-electric-skyscraper-unveiled/ | 2022-04-19T12:02:48Z |
$6K+ lost when Manhattan woman’s Prada purse, cash stolen
Published: Aug. 25, 2022 at 9:47 AM CDT|Updated: 1 hour ago
MANHATTAN, Kan. (WIBW) - A Manhattan woman is out over $6,000 after her Prada purse and cash were stolen from her home.
The Riley Co. Police Dept. Activity Report indicates that around 9:45 p.m. on Wednesday, Aug. 24, officers were called to the 900 block of Sunset Ave. with reports of a burglary.
When officers arrived, they said a 36-year-old woman reported an unknown man had broken into her unoccupied home and stolen a Prada purse and about $5,800 in cash - costing her about $6,250 total.
Anyone with information about the crime should call RCPD at 785-537-2112 or the Manhattan Riley Co. Crime Stoppers at 785-539-7777.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/08/25/6k-lost-when-manhattan-womans-prada-purse-cash-stolen/ | 2022-08-25T16:09:09Z |
VALDOSTA – Wild Adventures Theme Park will kick off its 2022 All-Star Concert Series on April 30 with country superstar and "American Idol" finalist Gabby Barrett.
“Gabby Barrett is coming off an impressive year, taking home top honors from the Billboard Music Awards, the CMT Awards, American Music Awards and more,” Adam Floyd, Wild Adventures' marketing and sales manager, said in a news release. “We feel incredibly lucky that we get to begin this year’s All-Star Concert Series with country music’s brightest new star.”
Barrett began her rise as a finalist on the 16th season of “American Idol.” Soon after, her multi-platinum debut “I Hope” became the most streamed Country song of 2020 and won CMT’s 2020 Breakthrough Video of the Year award.
Crowned the American Country Music New Female Artist of the Year in 2021, Barrett has added more elite wins to her goldmine of accolades, including three Billboard Music Awards -- Top Country Female Artist, Top Country Song (“I Hope”), Top Collaboration with Charlie Puth (“I Hope”) -- iHeartRadio Music Awards Best New Country Artist and the 2021 CMT Music Awards top honor for Female Video of the Year (“The Good Ones”).
Barrett will take the stage at 8 p.m. on April 30 as the first performance of the 2022 All-Star Concert Series presented by Valdosta TKO Nissan.
General admission to each concert is included for free with a 2022 season pass. Park guests visiting with a daily ticket can purchase general concert admission for $10. Reserved Concert Seats are available for purchase, with discounted options available for season passholders.
“Our All-Star Concert Series is just another reason why our 2022 season passes are the best value in entertainment,” Floyd said. “For about the price of visiting Wild Adventures twice on a daily ticket, you can enjoy an entire season of fun with free general admission to every all-star concert, including Gabby Barrett.”
Guests are encouraged to come early to enjoy Wild Adventures and Splash Island Waterpark before the show.
“Before the concert, stop by our newest addition, Water’s Edge Brews & Bites, to enjoy gourmet pretzels, select wines and locally brewed beer from Georgia Beer Company,” Floyd said.
On May 7, the All-Star Concert Series continues with rock legend and lead singer of Creedence Clearwater Revival, John Fogerty.
For more information about the All-Star Concert Series, season pass, park operating hours and more, visit WildAdventures.com.
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TOKYO, April 25, 2022 /PRNewswire/ -- The University of Tokyo (President: Teruo Fujii, Ph.D.) and Astellas Pharma Inc. (TSE: 4503, President and CEO: Kenji Yasukawa, Ph.D.; hereafter "Astellas") entered the second phase of their collaboration for co-creating innovative new medicines and medical solutions, called the Astellas Alliance Acceleration Program (AAAP), today.
In its first phase, from September 2020 to March 2022, AAAP established a base for its collaborative relationship at the university's Institute for Life Science Research and Education, and the University of Tokyo Center of Innovation. During this period, medical and pharmaceutical researchers from the two university organizations and drug discovery researchers from Astellas nurtured an environment for open-minded discussions, and as a result, several new research projects were identified and launched successfully.
In the second phase, the University of Tokyo will expand its partnership involvement to include all of its institutions. Furthermore, a newly appointed AAAP-dedicated project manager will be stationed at the university to facilitate the collaboration. These additional initiatives will allow the strategic partners to build new research projects, by combining the University of Tokyo's cutting-edge scientific research with Astellas' drug discovery know-how.
"Encouraged by our close collaboration during the first phase, we are delighted to start the second phase encompassing the breadth of research at the University of Tokyo. We hope that comprehensive knowledge of the life sciences from the university will further lead to innovative drug discovery projects," said Hidenori Ichijo, DDS, Ph.D., a professor at the university's Graduate School of Pharmaceutical Sciences and a member of the AAAP Steering Committee.
Professor Yuichi Tei / Ungil Chung, M.D., Ph.D., of the university's Graduate School of Engineering and Graduate School of Medicine, also a member of the AAAP Steering Committee, said: "In this phase, we will further pursue interdisciplinary collaboration, such as in the fields of engineering and the life sciences, by tapping into the broad range of research at the University of Tokyo."
"I am pleased with this AAAP second phase agreement," said Yoshitsugu Shitaka, Ph.D., Chief Scientific Officer at Astellas. He added: "By leveraging the power of the more extensive and closer collaboration, we expect to accelerate the co-creation of innovations that contribute to our activities from early drug discovery research to clinical development."
The University of Tokyo aims to find solutions to society's problems and contribute to the development of industry by promoting the creation of value through dialogue and empathy with society. Astellas is committed to the creation of innovative medical solutions to turn innovative science into VALUE for patients under its business philosophy of "contribute toward improving the health of people around the world through the provision of innovative and reliable pharmaceutical products." By sharing a common vision and challenges, the University of Tokyo and Astellas will work closely to promote innovation.
About The University of Tokyo
The University of Tokyo, established in 1877, is the oldest national university in Japan, and has 15 faculties/graduate schools and 11 affiliated institutes. It endeavors to tackle various social issues with diverse stakeholders in accordance with the statement of the university's guiding principles "UTokyo Compass ~Into a Sea of Diversity: Creating the Future through Dialogue~." For more information, visit the website at https://www.u-tokyo.ac.jp/en/about/utokyo-compass.html.
About Astellas
Astellas Pharma Inc. is a pharmaceutical company conducting business in more than 70 countries around the world. We are promoting the Focus Area Approach that is designed to identify opportunities for the continuous creation of new drugs to address diseases with high unmet medical needs by focusing on Biology and Modality. Furthermore, we are also looking beyond our foundational Rx focus to create Rx+® healthcare solutions that combine our expertise and knowledge with cutting-edge technology in different fields of external partners. Through these efforts, Astellas stands on the forefront of healthcare change to turn innovative science into value for patients. For more information, please visit our website at https://www.astellas.com/en.
Cautionary Notes（Astellas）
In this press release, statements made with respect to current plans, estimates, strategies and beliefs and other statements that are not historical facts are forward-looking statements about the future performance of Astellas. These statements are based on management's current assumptions and beliefs in light of the information currently available to it and involve known and unknown risks and uncertainties. A number of factors could cause actual results to differ materially from those discussed in the forward-looking statements. Such factors include, but are not limited to: (i) changes in general economic conditions and in laws and regulations, relating to pharmaceutical markets, (ii) currency exchange rate fluctuations, (iii) delays in new product launches, (iv) the inability of Astellas to market existing and new products effectively, (v) the inability of Astellas to continue to effectively research and develop products accepted by customers in highly competitive markets, and (vi) infringements of Astellas' intellectual property rights by third parties.
Information about pharmaceutical products (including products currently in development) which is included in this press release is not intended to constitute an advertisement or medical advice.
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SOURCE Astellas Pharma Inc. | https://www.mysuncoast.com/prnewswire/2022/04/25/university-tokyo-astellas-enter-second-phase-strategic-partnership-co-creation-innovative-new-medicines-medical-solutions/ | 2022-04-25T07:19:47Z |
Abigail Disney on right-wing media attacks on the company: ‘It’s absurd’
By Ramishah Maruf, CNN
Abigail Disney shared what she thinks the entertainment company should do in the wake of recent right-wing media attacks.
Some conservatives are trying to attach sexual predation claims or allegations of being sympathetic to pedophiles to their opponents as the November midterms approach, and their latest target is the Walt Disney Company, CNN’s chief media correspondent Brian Stelter said on “Reliable Sources” Sunday.
“These GOP media stars can claim they’re just protecting kids,” Stelter said. “But they are also demonizing gay teachers and condemning inclusive Disney shows.”
Disney has never been shy about calling out the company her grandfather co-founded — she criticized management for furloughing workers during the pandemic and for prioritizing shareholders and its CEO over employees. But Disney understands why the company has been the target of what she sees as a “coordinated, strategic plan.”
“It’s so woven into families,” Disney said of the entertainment giant. “If you can create this idea that somebody’s in there trying to indoctrinate your child, the paranoid imagination can run circles.”
Disney said the company stands for love and acceptance, family and joy.
“This is absurd,” Disney said of the unfounded criticisms.
The demonizing of the LBGTQ community is also an attempt to push history backwards, she added.
“There have been gay people whether or not the word was ever spoken,” Disney said. “It denies the fact that everyone, conservative or not, has a gay friend or a transgender family member.”
Florida Governor Ron Desantis and state Republican lawmakers recently passed the so called “Don’t Say Gay” bill, which bars elementary school educators from discussing gender identity and sexual orientation issues with students and is at the root of the conservative backlash against Disney. Desantis signaled support for stripping the compnay of its 55-year-old special status that allows it to operate as a quasi independent government inside its Orlando theme park.
“This attack against Disney was so timed and rolled out so strategically that it was really hard for me to imagine that it didn’t come from a series of decisions that got made in the background,” Disney said.
Disney said the company’s CEO Bob Chapek need to be courageous and take a hard stance.
“You can’t claim neutrality if you’re supporting the people who write these laws,” Disney said. “But on top of it, there is no neutrality anymore.”
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/money/cnn-business-consumer/2022/04/10/abigail-disney-on-right-wing-media-attacks-on-the-company-its-absurd/ | 2022-04-10T23:04:59Z |
BERLIN, Conn., Aug. 1, 2022 /PRNewswire/ -- Breckenridge Pharmaceutical, Inc. announces today that the U.S. Food and Drug Administration has granted approval of its Abbreviated New Drug Application for Cabazitaxel Intravenous Powder (generic for Jevtana Kit®). This product was developed in collaboration with Natco Pharma Limited. Breckenridge received final approval for the 60mg/1.5mL (40mg/mL) strength. Breckenridge and Natco are unable to make further comment regarding the launch date for the product, as that is confidential and cannot be disclosed at this time. According to industry sales data, Jevtana Kit generated annual sales of $303 million during the twelve months ending May 2022.
About Breckenridge:
Breckenridge Pharmaceutical, Inc., a subsidiary of Towa Pharmaceutical (Osaka, Japan), partners with manufacturers nationwide and around the world to bring quality, cost-effective generic pharmaceuticals to U.S. patients. With our dedication to customer service, on-time delivery, reliable supply and quality manufacturing, we strive to impact the health of the patients we and our customers serve.
www.bpirx.com
About Natco:
Natco Pharma Limited is a global generic pharmaceutical research, development, manufacturing and marketing company. The company was established in 1981 in India. Natco supplies pharmaceutical products to over 50 countries across the globe, including the United States. Natco focuses on the development and manufacturing of oncology and other specialty pharmaceuticals.
www.natcopharma.co.in
For further information, please contact:
Breckenridge Pharmaceutical, Inc.
Robert Gasparino, Associate Vice President – Business Development
Tel: 860-828-8140
E-mail: rgasparino@bpirx.com
*All brand names and trademarks are the property of their respective owners.
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SOURCE Breckenridge Pharmaceutical, Inc. | https://www.mysuncoast.com/prnewswire/2022/08/01/breckenridge-announces-approval-its-anda-cabazitaxel-intravenous-solution-generic-jevtana-kit/ | 2022-08-01T21:35:28Z |
Which compression socks for women are best?
Compression socks are an excellent way to address aching legs from standing or sitting all day, as well as varicose veins and mild to severe edema. They also help reduce the risk of blood clots.
While compression socks are used to relieve medical conditions, these are not the socks a hospital would give you. Manufacturers have created a wide range of colors, designs, compression levels and compression types for every kind of customer. A top pick are the affordable yet high-quality Sockwell New Leaf Firm Graduated Compression Socks.
What to know before you buy compression socks for women
What women’s compression socks do
Compression socks gently squeeze the feet, ankles and legs. The added pressure prevents blood from pooling in your lower extremities, improves blood flow to the heart and increases circulation.
While unisex and women’s compression socks perform identically, selecting a pair made for women will ensure the sizing is accurate.
Why compression socks might be right for you
Whether you are an athlete looking to gain a competitive edge or you just had surgery and need to decrease painful swelling, there is a good chance that your perfect compression sock exists.
While each person might require a different compression level, other common reasons to wear compression socks include:
- Pregnancy
- Edema
- Coach class syndrome, aka deep vein thrombosis
- Post-sclerotherapy treatment
- Varicose veins and spider veins
- Sitting or standing for long periods
- Blood clot prevention
- Orthostatic hypotension prevention
- Venous ulcers
Compression level
Since compression socks address various conditions, they are offered in a range of pressure levels measured in millimeters of mercury.
- Mild (8-15 mmHg) helps prevent varicose veins and offers light support for minor swelling from sitting or standing for long periods.
- Medium (15-20 mmHg) provides relief from mild to moderate varicose veins, treats mild to moderate swelling and is ideal for those who swell when traveling long distances.
- Firm (20-30 mmHg) relieves moderate to severe varicose veins, moderate to severe edema and orthostatic hypotension.
- Extra-firm (30-40 mmHg) relieves severe varicose veins, edema and orthostatic hypotension.
- RX (40-50 mmHg) treats venous diseases and acute swelling of the legs, ankles and feet.
Check with your doctor if you are unsure which compression level is best for you.
What to look for in quality compression socks for women
Material types
It is common to find compression socks made from synthetic materials such as nylon, elastane, spandex and polyester. These fabrics are abundant, affordable and stretchy.
More premium compression socks contain natural fibers such as a cotton-spandex blend. Cotton is an ideal upgrade due to its breathability, comfort and moisture-wicking properties. However, it still needs to be mixed with an elastic material to create compression.
Other premium materials added to compression socks include silver and copper ions for their antibacterial and odor-reducing properties.
Compression types
Compression socks come in uniform or graduated pressure.
- Uniform compression socks, also referred to as thrombo-embolic deterrent hose or anti-embolism stockings, apply the same pressure throughout the sock and are typically used by bed-restricted individuals or those recovering from surgery.
- Graduated pressure socks are more common because they provide the required pressure in the treatment areas without restricting movement. They apply more pressure around the feet and ankles, then gradually loosen toward the top of the sock.
Sock height
Compression socks come in a wide variety of lengths. Pick from ankle, shin, calf, knee, thigh and waist level socks to best fit your needs.
How much you can expect to spend on compression socks for women
While features such as materials used, sock height, compression level and brand play a significant role in price, you will pay $15-$150.
Compression socks for women FAQ
Can compression socks hurt you?
A. Ask your doctor’s opinion before treating new ailments, but over-the-counter compression socks that boast lower pressure levels should not cause any damage. RX-level compression socks can be harmful and should only be used as recommended by your physician.
Can you sleep with compression socks on?
A. Compression socks are not intended for use while sleeping. Unless your doctor has instructed you to do so, avoid wearing compression socks to bed.
What are the best compression socks for women to buy?
Top compression socks for women
Sockwell New Leaf Firm Graduated Compression Socks
What you need to know: These knee-high cotton socks provide support in all the right places and keep your feet dry all day.
What you’ll love: Their blend of 31% wool, 31% bamboo rayon, 31% nylon and 7% spandex is moisture-wicking and durable. They boast 20-30 mmHg of graduated pressure. They also feature a turn welt top, arch support and a seamless toe closure for added comfort.
What you should consider: These socks are a bit pricey for a single pair, especially when you can get more pairs for less by going with a fully synthetic material.
Where to buy: Sold by Amazon
Top compression socks for women for the money
What you need to know: One pack includes six pairs of compression socks in a wide variety of prints, patterns and colors.
What you’ll love: These are a nylon-spandex blend for a snug fit and include ribbing on the sole for targeted arch support. They boast a non-slip cuff, 20-30 mmHg of graduated pressure and a reinforced toe for added protection.
What you should consider: Since these socks are made from synthetic materials, they might not last as long as those made from more premium blends.
Where to buy: Sold by Amazon
Worth checking out
What you need to know: These silky-smooth socks are backed by a one-year satisfaction guarantee.
What you’ll love: These socks sport 20-30 mmHg of graduated compression, providing full support without restricting your range of motion. They are constructed from a blend of 80% nylon and 20% spandex and come in sizes SM-XL.
What you should consider: They only come in black with accent colors on the foot and shin logo.
Where to buy: Sold by Amazon
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/shoes-br/socks-br/best-compression-socks-for-women/ | 2022-05-13T17:43:35Z |
Lucky Pup: Dog meets firefighters who pulled her from burning house
GLADSTONE, Mo. (KCTV) - One lucky pup is wagging her tail after being saved from a burning house.
Last week, fire crews were called to the 6700 of North Askew in Gladstone. At the scene, they found a two-story home with heavy smoke and fire inside. As crews searched the residence, they located a dog inside the home that was unresponsive.
Thanks to the crew, life-saving measures were initiated and the dog was able to regain consciousness before being transported to the vet.
On Friday, the crew who saved that dog was rewarded with hugs and wet nose kisses.
Cali, the dog who was saved, visited her rescuers at Station 1 in Gladstone. She has recovered and got to thank the first responders who were able to save her.
Copyright 2022 KCTV. All rights reserved. | https://www.wibw.com/2022/05/28/lucky-pup-dog-meets-firefighters-who-pulled-her-burning-house/ | 2022-05-28T22:55:54Z |
PHILADELPHIA, June 14, 2022 /PRNewswire/ -- The Pew Charitable Trusts announced today the newest class of the Pew Scholars Program in the Biomedical Sciences—22 early-career scientists who will receive four years of funding to explore some of the most pressing questions in health and medicine.
"Biomedical innovation is essential to solving both current and emerging global health issues," said Susan K. Urahn, Pew's president and CEO. "We are pleased to support this talented and inspiring cohort and their research."
The 2022 class of scholars—all early-career, junior faculty—joins a rich network of the more than 1,000 scientists who have received awards from Pew since 1985. Current scholars have opportunities to meet annually to build connections and exchange ideas with fellow Pew-funded scientists.
"This new class embodies diverse, creative, and unique new avenues of biomedical research," said Craig C. Mello, Ph.D., a 1995 Pew scholar, 2006 Nobel laureate in physiology or medicine, and chair of the national advisory committee for the scholars program. "With support from Pew, these scientists will have not only resources but access to a network of colleagues and advisors that will spark new discoveries and push the boundaries of their work. I look forward to seeing where their discoveries take them."
Scholars were chosen from 197 applicants nominated by leading academic institutions and researchers across the United States. This year's class includes scientists exploring the design of "universal vaccines" against rapidly mutating viruses, how the brain processes pain, and the evolution of cancer-protective responses from radiation exposure.
Five members of the 2022 class, who were selected for their commitment to investigating health challenges relating to the brain as it ages, will receive awards with support from the Kathryn W. Davis Peace by Pieces Fund.
The 2022 Pew scholars in the biomedical sciences are:
Ishmail Abdus-Saboor, Ph.D.
Columbia University
Dr. Abdus-Saboor will explore how the brain processes the physical sensation and emotional experience of pain.
Amber L. Alhadeff, Ph.D.
Monell Chemical Senses Center
Dr. Alhadeff will unravel the neural circuits that link nutrient sensing and feeding.
Mariana Byndloss, D.V.M., Ph.D.
Vanderbilt University Medical Center
Dr. Byndloss will explore why infants treated with antibiotics are prone to childhood obesity.
Melody Campbell, Ph.D.
Fred Hutchinson Cancer Center
Dr. Campbell will explore the structural changes in cell-surface receptors that allow activated white blood cells to locate and fight infections.
Shane Campbell-Staton, Ph.D.
Princeton University
Dr. Campbell-Staton will investigate the evolution of protective, anticancer responses in wolves that live in the Chernobyl Exclusion Zone.
Amelia Escolano, Ph.D.
The Wistar Institute
Dr. Escolano will develop an approach for designing a "universal vaccine" against viruses that rapidly mutate.
Ankur Jain, Ph.D.
Whitehead Institute for Biomedical Research
Dr. Jain will explore the role that metabolites called polyamines play in health and disease.
Elizabeth Johnson, Ph.D.
Cornell University
Dr. Johnson will explore how the fats in human milk support the production of health-promoting metabolites by bacteria in the gut.
Naama Kanarek, Ph.D.
Boston Children's Hospital; Harvard Medical School
Dr. Kanarek will engineer a method for detecting the metabolites produced by individual cancer cells, a key step toward unraveling what is different about cells that develop resistance to treatments that target the metabolic pathway.
Jacqueline Kimmey, Ph.D.
University of California, Santa Cruz
Dr. Kimmey will investigate how a person's circadian body clock influences their immunity to infection.
Sarah Kocher, Ph.D.
Princeton University
Dr. Kocher will examine how genes and environment shape social behavior in sweat bees.
Maayan Levy, Ph.D.
University of Pennsylvania
Dr. Levy will explore how internal factors influence the biology of intestinal epithelial cells.
Matthew Lovett-Barron, Ph.D.
University of California, San Diego
Dr. Lovett-Barron will explore how schooling fish use visual information to coordinate their behavior.
Maria M. Mihaylova, Ph.D.
The Ohio State University
Dr. Mihaylova will examine how changes in intestinal stem cells and progenitor cells can lead to digestive issues, including an altered ability to absorb nutrients, as we age.
Matthew Miller, Ph.D.
University of Utah
Dr. Miller will investigate the mechanisms that allow duplicated chromosomes to be accurately distributed when a cell divides.
Alban Ordureau, Ph.D.
Memorial Sloan Kettering Cancer Center
Dr. Ordureau will investigate how cellular protein homeostasis supports healthy neurons' development and activity.
Joseph Parker, Ph.D.
California Institute of Technology
Dr. Parker will use rove beetles to uncover mechanisms by which animal cell types synthesize and secrete bioactive small molecules.
Steve Ramirez, Ph.D.
Boston University
Dr. Ramirez will investigate whether artificially activating cells that encode memories can alter the course of Alzheimer's disease.
C. Wyatt Shields IV, Ph.D.
University of Colorado Boulder
Dr. Shields will develop microscale robots for use in drug delivery.
Andrew B. Stergachis, M.D., Ph.D.
University of Washington
Dr. Stergachis will unravel the structure and function of chromatin and gene regulatory features within "uncharted" regions of the human genome.
William Wan, Ph.D.
Vanderbilt University
Dr. Wan will explore how the Ebola virus gains entry into host cells.
Laura Wingler, Ph.D.
Duke University
Dr. Wingler will unravel how different signaling molecules can activate the same receptor and yet induce distinct cellular responses.
The Pew Charitable Trusts is driven by the power of knowledge to solve today's most challenging problems. Learn more at pewtrusts.org.
Erin Davis, 202-540-6677, edavis@pewtrusts.org
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SOURCE The Pew Charitable Trusts | https://www.kxii.com/prnewswire/2022/06/14/pew-funds-22-scientists-investigating-critical-biomedical-questions/ | 2022-06-14T14:24:53Z |
This multi-year partnership marks DICK'S first-ever with a WNBA franchise, and expands the company's investment in women's sports
PITTSBURGH, Aug. 18, 2022 /PRNewswire/ -- With the WNBA playoffs underway, DICK'S Sporting Goods today announced a partnership with the Chicago Sky, making DICK'S the Official Sporting Goods Retailer and Marketing Partner for the team. This multi-year partnership furthers the company's investment in women's sports, player development, youth athlete engagement and the Chicago community. Effective immediately, Sky fans will see DICK'S Sporting Goods' signage in-arena throughout the playoffs.
As the Official Sporting Goods Retailer and Marketing Partner of the Chicago Sky, DICK'S has committed to work with the Chicago Sky organization to develop community-driven programs to inspire young athletes and drive greater interest in the Chicago Sky, its players and the game. Community initiatives will include:
- Basketball skills clinics;
- Shopping events for local charitable and sports organizations; and
- Involvement with the Chicago Sky Basketball Academy.
The DICK'S Sporting Goods Foundation, which recently hosted over 700 kids in the Chicago area for Sports Matter Day alongside two Sky players, will continue its support of the Chicago community through:
- "Sports Matter Night," which the Chicago Sky will host for The DICK'S Sporting Goods Foundation's Sports Matter program, providing youth athletes from partner organizations with tickets to a Chicago Sky home game.
- Sports Matter charitable grants to support the Chicago Sky Cares Foundation's charity ticket program, which provides community organizations, youth groups, deserving families and volunteers with Chicago Sky tickets that they'd otherwise not have access to.
Through this partnership and the WNBA partnership announced in 2021, DICK'S will continue the work it's done in the past year to increase engagement with the League and create opportunities for women to play sports through events like It's Her Shot, which empowers young female athletes to take their place on the court.
"We are passionate about expanding our support of women's sports," said Mark Rooks, vice president of category marketing and partnerships at DICK'S Sporting Goods. "With this multi-year partnership we not only want to demonstrate our belief in the female athlete and the WNBA, but we want to help fuel the rise of women's sports in a city that prides itself on inclusivity, community, and legacy."
"We are thrilled to announce our new multi-year partnership with DICK'S Sporting Goods. Our shared values and commitment to women's sports make this a tremendous fit," said Adam Fox, chief executive officer and president of the Chicago Sky. "We look forward to creating a long lasting community impact between our organizations on and off the court and growing the game through innovative marketing collaborations."
An Official Marketing Partner of the WNBA since 2021, DICK'S Sporting Goods is the largest national retailer for WNBA merchandise.
About DICK'S Sporting Goods, Inc.
DICK'S Sporting Goods (NYSE: DKS) creates confidence and excitement by personally equipping all athletes to achieve their dreams. Founded in 1948 and headquartered in Pittsburgh, the leading omnichannel retailer serves athletes and outdoor enthusiasts in more than 850 DICK'S Sporting Goods, Golf Galaxy, Field & Stream, Public Lands, Going Going Gone! and Warehouse Sale stores, online, and through the DICK'S mobile app. DICK'S also owns and operates DICK'S House of Sport and Golf Galaxy Performance Center, as well as GameChanger, a youth sports mobile app for scheduling, communications, live scorekeeping and video streaming.
Driven by its belief that sports make people better, DICK'S has been a longtime champion for youth sports and, together with its Foundation, has donated millions of dollars to support under-resourced teams and athletes through the Sports Matter program and other community-based initiatives. Additional information about DICK'S business, corporate giving, sustainability efforts and employment opportunities can be found on dicks.com, investors.dicks.com, sportsmatter.org, dickssportinggoods.jobs and on Facebook, Twitter and Instagram.
About The DICK'S Sporting Goods Foundation
The DICK'S Sporting Goods Foundation is a tax exempt 501(c)(3) nonprofit corporation with a mission to inspire and enable sports participation. It was created by DICK'S Sporting Goods as a private corporate foundation to support DICK'S charitable and philanthropic activities. Driven by its belief that sports make people better, The DICK'S Foundation champions youth sports and provides grants and support to under-resourced teams and athletes through its Sports Matter program and other community-based initiatives. Additional information about The DICK'S Foundation can be found on sportsmatter.org and on Facebook, Twitter and Instagram.
CONTACTS:
DICK'S Sporting Goods, (724) 273-5552, press@dcsg.com
Chicago Sky, Carly Ebisuya, cebisuya@chicagosky.net
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SOURCE DICK'S Sporting Goods | https://www.kxii.com/prnewswire/2022/08/18/dicks-sporting-goods-named-official-sporting-goods-retailer-marketing-partner-defending-wnba-champions-chicago-sky/ | 2022-08-18T14:53:59Z |
TOKYO (AP) — Okinawa marked the 77th anniversary Thursday of the end of one of the bloodiest battles of World War II, with the governor calling for a further reduction of the U.S. military presence there as local fears grow that the southern Japanese islands will become embroiled in regional military tension.
The Battle of Okinawa killed about 200,000 people, nearly half of them Okinawan residents. Japan’s wartime military, in an attempt to delay a U.S. landing on the main islands, essentially sacrificed the local population.
Many in Okinawa are worried about the growing deployment of Japanese missile defense and amphibious capabilities on outer islands that are close to geopolitical hotspots like Taiwan.
At a ceremony marking the June 23, 1945, end of the battle, about 300 attendants in Okinawa, including Prime Minister Fumio Kishida and other officials, offered a moment of silence at noon and placed chrysanthemums for the war dead. The number of attendants was scaled down because of coronavirus worries.
At the ceremony in Itoman city on Okinawa’s main island, Gov. Denny Tamaki spoke of Russia’s invasion of Ukraine, saying the destruction of towns, buildings and the local culture, as well as Ukrainians’ constant fear, “remind us of our memory of the ground battle on Okinawa that embroiled citizens 77 years ago.”
“We are struck by unspeakable shock,” he said.
Tamaki also vowed to continue efforts to abolish nuclear weapons and renounce war “in order to never let Okinawa become a battlefield.”
In May, Okinawa marked the 50th anniversary of its reversion to Japan in 1972, two decades after the U.S. occupation ended in most of the country.
Today, a majority of the 50,000 U.S. troops based in Japan under a bilateral security pact and 70% of U.S. military facilities are still in Okinawa, which accounts for only 0.6% of Japanese land.
Because of the U.S. bases, Okinawa faces noise, pollution, accidents and crime related to American troops, Tamaki said.
Kishida acknowledged the need for more government efforts to reduce Okinawa’s burden from U.S. military bases as well as more support for the islands’ economic development, which fell behind during their 27-year U.S. occupation.
Resentment and frustration run deep in Okinawa over the heavy U.S. presence and Tokyo’s lack of efforts to negotiate with Washington to balance the security burden between mainland Japan and the southern island group.
Kishida, citing the worsening security environment in regional seas in the face of threats from China, North Korea and Russia, has pledged to bolster Japan’s military capability and budget in coming years, including enemy attack capabilities that critics say interfere with Japan’s pacifist Constitution. | https://cw33.com/news/international/ap-international/77-years-after-battles-end-okinawa-wants-us-base-reduced/ | 2022-06-23T15:02:29Z |
DeMar DeRozan, Dale Earnhardt Jr., Bode Miller Join Forces to Raise $12 Million During Mental Health Awareness Month In A Unique Partnership with Donatestock.com
LOS ANGELES, May 16, 2022 /PRNewswire/ -- Three sports legends of varied athletic disciplines - Chicago Bulls superstar DeMar DeRozan, NASCAR legend Dale Earnhardt Jr. and Olympic ski racing champion Bode Miller - are joining award-winning filmmaker Brett Rapkin ("The Weight of Gold") and Podium Pictures to create a series of six documentary projects focused on breaking the stigma of mental health through the power of athletes and storytelling.
Podium Pictures will be distributing these documentaries around the world on a free platform as a mental health resource, rather than limiting access behind a paywall. In order to raise the $12 million necessary to achieve this goal through their non-profit social impact foundation Podium Society, the producers are seeking support from high-net worth philanthropists and the broader fan base looking to support mental health initiatives. Key to this fundraising strategy is their partnership with Donatestock.com where donors have the option to gift appreciated assets for significant tax advantages. In honor of Mental Health Awareness month, Podium and Donatestock are matching $1 million in donations to Podium Society, for all gifts including stock, cash, and crypto. To learn more, visit: https://Donatestock.com/podium.
The new projects will continue the conversation started by "The Weight of Gold," which was released by HBO in 2020. That film, directed by Rapkin and produced in partnership with Olympic legend Michael Phelps, ignited a national dialogue about mental health as it related stories told through the eyes of Olympic athletes sharing a crucial message: it's okay to not be okay. The film's incredible presence culminated when mental health issues took center stage through the struggles of several top athletes at the 2021 Tokyo Summer Olympics and 2022 Beijing Winter Olympics. "The Weight of Gold '' impact also inspired the creation of The Podium Society, a nonprofit 501C3 organization dedicated to securing the resources to produce and distribute many more social impact sports projects.
As a next chapter in the conversation, three projects are already in early pre-production:
- "Dinners With DeMar" starring DeRozan - a digital series where "nothing is off the table" as the mental health advocate breaks bread and opens up with other athletes and influencers
- Reaching beyond the massive NASCAR audience, Earnhardt Jr. along with some of the greatest drivers in the world will explore the mental health stigma in America's heartland through the stories of their own in this very personal, revealing documentary;
- A documentary film with Miller focuses on the mental health challenges, including the high suicide rates, and hopeful solutions in the Rocky Mountain region, home to many of America's greatest athletes in a wide variety of sports
"One in five Americans suffer from a mental health challenge every year, but more than half don't get any help at all," says Rapkin. "'The Weight of Gold' was just the start of our mission to break the stigma. Now we're back to finish the job. Each film will explore the challenges and, more importantly, the solutions being created in countless areas of the sports world, and our ultimate goal is to create films that are accessible, free of cost,to worldwide audiences. The worldwide mental health crisis knows no barriers – it can affect anyone in any region or any socio-economic station – and we truly believe that the conversation should be available and accessible to all."
ABOUT BRETT RAPKIN
Brett Rapkin is an innovative Emmy Award-winning Writer/Producer/Director. Over the past twenty plus years, Brett has created a deep track record and top-tier relationships by successfully developing, producing, distributing, and promoting premium content with partners ranging from HBO to The Los Angeles Dodgers. The impact of his 2020 HBO documentary "The Weight of Gold" inspired Brett to focus Podium exclusively on being the global leader in socially impactful sports media. Brett is a frequent interview guest on the topic of athlete-driven media and has appeared in Forbes, CNN, NPR, The New York Times and many other venues. He is the father of two young children and lives in his native Los Angeles.
ABOUT PODIUM PICTURES
Podium Pictures is an Emmy Award-winning media company based in Los Angeles, California. For the past twenty years Podium has consistently helped partners like HBO, NFL, MLB, Olympic Channel, MGM, Fox Sports, Amazon and The Los Angeles Dodgers make an Impact. Podium was recently named one of three "2021 Trendsetters" by Sports Business Journal along with the production companies of NBA legends Chris Paul and LeBron James. Podium is the first media company completely dedicated to creating and strategically distributing sports stories of impact that inspire positive change.
DonateStock is a social impact fintech startup that is transforming charitable giving by making stock gifting easy and accessible to millions of nonprofits and donors. DonateStock streamlines the stock gifting process to help donors save on taxes while having greater impact. Nonprofits benefit from larger pre-tax donations and the tools and support needed to diversify and grow individual giving via stock donations. By making stock gifting easy and accessible to all, DonateStock is unlocking a market worth $100 billion in annual funding while helping thousands of nonprofits impact millions of lives.
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SOURCE Podium Pictures | https://www.mysuncoast.com/prnewswire/2022/05/16/sports-legends-team-up-with-podium-pictures-create-new-projects-break-stigma-mental-health/ | 2022-05-16T18:50:01Z |
NEW YORK, Aug. 1, 2022 /PRNewswire/ -- Attention Tupperware Brands Corporation ("Tupperware") (NYSE: TUP) shareholders:
The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors who purchased between November 3, 2021 and May 3, 2022.
If you suffered a loss on your investment in Tupperware, contact us about potential recovery by using the link below. There is no cost or obligation to you.
ABOUT THE ACTION: The class action against Tupperware includes allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (i) Tupperware was facing significant challenges in maintaining its earnings and sales performance; (ii) accordingly, Tupperware's full-year 2022 guidance was unrealistic and/or unsustainable; (iii) all the foregoing, once revealed, was likely to have a material negative impact on Tupperware's financial condition; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
DEADLINE: August 15, 2022
Aggrieved Tupperware investors only have until August 15, 2022 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent Wong | https://www.kxii.com/prnewswire/2022/08/01/class-action-alert-law-offices-vincent-wong-remind-tupperware-investors-lead-plaintiff-deadline-august-15-2022/ | 2022-08-01T11:27:13Z |
Industry experts from Egg Innovations and Natural Grocers joined in an educational panel that discussed consumer demand, sustainability, and impact of regenerative farming.
CEDAR GROVE, Wis., July 25, 2022 /PRNewswire/ -- Leaders in regenerative farming and sustainability came together as an educational panel to discuss one of the fastest growing market segments in food production at the Sustainability Showcase. Set on the pastures of a regeneratively certified farm in Cedar Grove, Wis.; this special event celebrated how suppliers, retailers and consumers have the power to give back to the planet through the businesses they support.
"Helpful Hens is the fastest growing egg product in the marketplace now and the thought leader to put regenerative farming in the egg case," shares John Brunnquell, President & CEO of Egg Innovations owner of the Helpful Hens premium egg brand. "Our egg producing flocks are benefiting pastures across the Midwest as they restore the soil and help build healthy ecosystems on farm. This vision is core to our mission of Chickens. People. Planet. - It's who we are and what we do, we live it. Together with our farmers and chickens, Helpful Hens allows consumers to join the mission and make the world a better place for the next generation."
Egg Innovations together with the National Association for Catering & Events (NACE) - Capital Area of Wisconsin partnered together to bring the Sustainability Showcase to life with an audience from the event industry including restaurants, caterers, planners, and retailers. The farm-to-table event displayed the balance between nature as the farm and flock are actively producing eggs in harmony with nature to meet growing consumer demands for earth-friendly products.
"Egg Innovations is a pioneer on the shelf and on the farm. Their commitment to sustainability aligns with ours at Natural Grocers, it's embedded in the fabric of the company in their DNA," states Christie A. Zimmerman, Product Standards Manager, Natural Grocers. "Our partnership stems from their commitment to meet customer demands and needs, which they are doing with the first regeneratively farmed eggs."
Helpful Hens and Blue Sky Family Farms are available nation-wide, including at Natural Grocers retailers. Both brands are provided by Egg Innovations, leaders in regenerative agriculture practices and the ethical treatment of animals as the world's leader in 100% Free Range and Pasture-Raised eggs. With more than 50 family farms and thousands of acres of pastureland dedicated to egg-laying hens, consumers can purchase these ethically produced earth-friendly premium eggs under the Blue Sky Family Farms and Helpful Hens brands. For additional information visit www.helpfulhens.com and www.blueskyfamilyfarms.com.
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SOURCE Egg Innovations | https://www.wibw.com/prnewswire/2022/07/25/sustainability-panel-shares-benefits-regenerative-farming-consumable-goods/ | 2022-07-25T23:45:33Z |
Which bareMinerals foundation is best?
Foundation is a staple for everyone that uses makeup. Whether you’re a makeup beginner or professional, foundation is essential for natural and flawless makeup. Finding the perfect foundation can be a tad tricky, more so if you’re looking for a brand that is clean and cruelty-free. BareMinerals has a range of clean foundations that provide an excellent canvas for your makeup. For a high-quality makeup base, the Barepro performance wear liquid foundation SPF 20 is a great choice.
What to know before you buy a bareMinerals foundation
Formula
Foundations come in a range of different formulas and application methods. The most common formulas are liquid, powder, mineral, spray and stick foundations. When choosing the foundation that will be best for you, keep your skin type—oily, dry, normal, combination, sensitive, or acne-prone skin—in mind.
Users with dry or mature skin can opt for oil-based liquid, cream, or stick foundations. These formulas are often moisturizing and thus create the perfect base for drier skin types without showing any patches, fine lines, or unevenness.
Oily or acne-prone skin does best with powder and mineral formulas. These versions will absorb the oil and prevent the face from looking greasy. Look for products labeled non-comedogenic to prevent breakouts.
Users with normal, combination, or sensitive skin tend to do best with lightweight formulas, such as spray and stick foundations.
You can experiment with different formulas to test what works best for you and produces the flawless makeup looks you desire.
Coverage
Coverage refers to the opacity of the foundation, which determines how much the product can hide any blemishes or discoloration. Depending on the needs of your skin or the makeup look you’re going for, you can select sheer, light, medium or full coverage foundation.
Finish
In makeup, the finish refers to the final look that a product produces. Again, you can choose the type of finish that would be best for you based on your skin type or the makeup look you’re trying to achieve. Common makeup finishes are matte, radiant and satin.
Matte foundations do not have any shine when applied. This makes it a great option for oily and combination skin. Satin foundation is also known as natural or demi-matte. Users with normal skin will enjoy the balance this finish has; it gives the most natural appearance. Radiant foundation, or luminous or glowy, is best for people with dry or mature skin and gives a healthy, dewy look when applied.
What to look for in a quality bareMinerals foundation
Shade
Using the right shade of foundation ensures you have the most flawless and natural-looking makeup. The shade of foundation that will best suit you will be the closest match to your natural skin tone and undertone. BareMinerals offers shades that are fair, light, medium and deep. You can easily use the shade finder quiz on the BareMinerals website to find the shade that best matches your natural skin.
Lightweight
All quality foundations, no matter the coverage or formula, should be lightweight. Light formulas tend to sit better on the skin and prevent makeup from looking greasy or cakey. Additionally, lighter formulas are less likely to clog pores and cause acne breakouts.
Sunscreen
Sunscreen is one of the most important parts of skin care, as it protects the skin from the sun’s harmful rays. Additionally, this protection prevents common skin concerns, such as dark spots, wrinkles and lines.
Foundations that contain sunscreen are great for users that do not want to apply sunscreen as a separate product. To ensure the best sun protection from your foundation, check that it contains at least SPF 15.
Packaging
Foundation comes in different forms that users may prefer because of the ease of application, presentation or simple preference. You can always use different forms to see which one you prefer. The most common forms are: pump and squeeze, pressed compact, jar or stick packaging.
How much you can expect to spend on bareMinerals foundation
Most bareMinerals foundations range from about $25–$35.
BareMinerals foundation FAQ
Are BareMinerals foundations all-natural?
A. Yes. Synthetic derivatives are only ever used to ensure the highest level of safety.
Does bareMinerals test on animals?
A. No. BareMinerals doesn’t test any products on animals.
Are bareMinerals products paraben, nickel and lead-free?
A. Yes. BareMinerals products aren’t formulated with any parabens, nickel, or lead.
What’s the best bareMinerals foundation to buy?
Top bareMinerals foundation
Barepro Performance Wear Liquid Foundation SPF 20
What you need to know: This full coverage foundation is made with special long-wear technology that provides constant, color-true coverage.
What you’ll love: A lightweight formula provides coverage and stays on all day long no matter what type of activity you’re doing. It’s great for normal or combination skin and gives a naturally soft, matte finish while blurring pores and improving skin texture.
What you should consider: Some users have said that the formula is too runny.
Where to buy: Amazon and Sephora.
Top bareMinerals foundation for the money
BareMinerals Original Broad Spectrum SPF 15 Foundation
What you need to know: This loose powder mineral foundation is lightweight with buildable coverage and a radiant finish.
What you’ll love: When applied, this powder foundation feels soft and creamy on the skin. Long-lasting and lightweight, it’s a great option for all ages and especially recommended for sensitive and acne-prone skin.
What you should consider: Some users say that this foundation can be cakey.
Where to buy: Sold by Sephora, Amazon and Kohl’s.
Worth checking out
BareMinerals Complexion Rescue Tinted Hydrating Gel Cream
What you need to know: This sheer to medium tinted cream offers excellent hydration and SPF 30 protection.
What you’ll love: Suitable for all skin types and non-comedogenic, this tinted moisturizer can be used as an oil-free foundation that gives a natural finish.
What you should consider: This foundation tends to be patchy for users with dry skin.
Where to buy: Sold by Amazon, Sephora and Kohl’s.
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Nentapmun Gomwalk writes for BestReviews. BestReviews has helped millions of consumers simplify their purchasing decisions, saving them time and money.
Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/beauty-personal-care-br/face-makeup-br/best-bareminerals-foundation/ | 2022-05-31T08:02:21Z |
With This Expansion the Company Brings Over-the-Counter Crypto Trading and Support to 49 States
CHICAGO, June 16, 2022 /PRNewswire/ -- CoinFlip, a leading provider of cryptocurrency financial services, announces today the expansion of its Trade Desk – an over-the-counter cryptocurrency trading desk – to Nevada. With coverage across 49 US states, more customers have access to CoinFlip's crypto pros for help purchasing crypto. This expansion marks another milestone in the company's growth trajectory.
"Bringing our services to nearly every state in the US is integral for us as we continue to build a comprehensive platform for the digital economy," said CEO and Co-Founder of CoinFlip, Ben Weiss. "It is important to our brand to now be able to serve the citizens and tourists of Nevada. We will continue to expand our resources so we can best serve our communities at a grassroots level, a primary objective as we look ahead both within state lines and all over the world."
Delivering guidance to investors entering into the crypto space, Trade Desk offers dedicated account managers who are available to walk customers through the process step-by-step and support with any questions. Trade Desk commands low minimums and high limits with the ability to buy via wire or ACH transfer.
When Trade Desk launched in 2020, it was a small yet ambitious unit with a mission to deliver a comprehensive virtual experience for crypto transactions. "From buying, selling or trading, we wanted to ensure each and every customer was satisfied with their experience," said Founder and Chairman, Daniel Polotsky. "Now, with the expansion of our services to nearly all 50 states, we are fulfilling that promise to more Americans than ever before."
Named the No. 1 fastest-growing company in Chicago by Crain's Chicago Business, CoinFlip had a five-year growth rate of 1.7 million percent and revenue of nearly $100 million in 2021. The company was also ranked No. 60 on the Inc. 5000, the highest-ranking crypto company included on the list. Since inception, the company has expanded to over 3,500 ATMs across 49 states, taking its place on the frontline of a financial revolution where cryptocurrency and blockchain technology can empower investors across the country.
For more information about CoinFlip, please visit www.CoinFlip.tech and join the conversation on Facebook, Twitter, Instagram and LinkedIn.
About CoinFlip:
CoinFlip is a leading financial services provider powered by cryptocurrency. The company operates the world's largest network of cryptocurrency kiosks by transaction volume with over 3,500 machines across 49 states supporting the buying and selling of major cryptocurrencies with cash. In 2020, CoinFlip launched Trade Desk, an over-the-counter trading service that provides investors a personal account manager and competitive coin pricing. The company does not charge hidden fees, cuts typical transaction fees by as much as half, and provides 24/7 customer support.
CoinFlip was founded in 2015 by Daniel Polotsky, Kristoffer Dayrit, Alan Gurevich, and Benjamin Weiss. Headquartered in Chicago, CoinFlip placed 60th on the 2021 Inc. 5000 list as the top-ranked cryptocurrency company, was named the 2021 #1 fastest-growing company in Chicago by Crain's and was awarded the 2021 Silver Stevie ® Award for Customer Service. For more information about CoinFlip, please visit www.CoinFlip.tech.
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SOURCE CoinFlip | https://www.wibw.com/prnewswire/2022/06/16/coinflip-expands-trade-desk-offering-nevada/ | 2022-06-16T18:56:44Z |
Highlight results include 16.0 g/t Au over 33.9 m and 24.4 g/t Au over 14.6 m
Reno, Nev., Aug. 3, 2022 /PRNewswire/ - i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) ("i-80", or the "Company") is pleased to announce continued positive results from the ongoing underground drill program at the Company's Granite Creek Mine Property ("Granite Creek" or "the Property") located in Humboldt County, Nevada.
The 2022 underground drill program at Granite Creek is focused on delineating mineralization for mining and upgrading and expanding resources. In the upper parts of the mine, high-grade gold mineralization is being defined in the Otto/Adam Peak/Range Front horizons, while from the lower levels drilling is focused on defining mineralization in the Ogee Zone that is expected to be the primary zone in the near future (see Figure 1).
Highlight new results from 2022 underground drilling:
- 8.6 g/t Au over 10.3 m (0.25 oz/ton Au over 33.7 feet) in hole iGU22-17 – Ogee Zone
- 18.4 g/t Au over 9.1 m (0.54 oz/ton Au over 30.0 feet) in hole iGU22-18 – Otto Zone
- 13.8 g/t Au over 5.7 m (0.40 oz/ton Au over 18.8 feet) in hole iGU22-26 – Range Front Zone
- 24.4 g/t Au over 14.6 m (0.71 oz/ton Au over 48.0 feet) in hole iGU22-30 – Adam Peak Zone
- 26.4 g/t Au over 5.0 m (0.77 oz/ton Au over 16.4 feet) in hole iGU22-42 – Ogee Zone
- 23.1 g/t Au over 5.0 m (0.67 oz/ton Au over 16.4 feet) in hole iGU22-43 – Ogee Zone
- 16.0 g/t Au over 33.9 m (0.47 oz/ton Au over 111.3 feet) in hole iGU22-45 – Ogee Zone
The underground zones at Granite Creek will be included in a resource update following the 2022 program that is expected to comprise approximately 30,000 meters of drilling from both surface, focused on the South Pacific Zone, and the underground Ogee, Otto and Adams Peak Zones. Table 1 provides a complete summary of new results from the 2022 underground drilling program.
The company is currently mining a bulk sample from the underground zones to deliver an initial 10,000 tons to Nevada Gold Mines' nearby Twin Creeks Mine (See Figure 2) for a metallurgical test, as per the processing agreement, which will allow for the deposit to be developed and ramped up for continuous mining.
"The drill program continues to define high-grade mineralization over substantial widths, particularly within the Ogee Zone that remains open for expansion at depth", stated Tyler Hill, Senior Geologist of i-80.
The Granite Creek Property is strategically located proximal to Nevada Gold Mines' Turquoise Ridge and Twin Creeks mines at the north end of the Battle Mountain-Eureka Trend, at its intersection with the Getchell gold belt in Nevada. High-grade mineralization occurs in a near-identical geological setting as that at the multi-million-ounce Turquoise Ridge Mine located immediately to the north (see Figure 2); proximal to a major regional fault (the Getchell or Range Front fault) on the eastern edge of the large Osgood Mountains intrusive complex. The Granite Creek deposit remains open at depth and along strike from the existing underground workings.
Table 1 – Summary of New Assay Results from 2022 Underground Drilling
All samples were submitted to ALS Minerals (ALS) of Sparks, NV, which is an ISO 9001 and 17025 certified and accredited laboratory, independent of the Company. Samples submitted through ALS are run through standard prep methods and analyzed using Au-AA23 (Au; 30g fire assay) and ME-ICP41 (35 element suite; 0.5g Aqua Regia/ICP-AES). ALS also undertakes their own internal coarse and pulp duplicate analysis to ensure proper sample preparation and equipment calibration. i-80 Gold Corp's QA/QC program includes regular insertion of CRM standards, duplicates, and blanks into the sample stream with a stringent review of all results.
Tim George, PE, Mine Operations Manager, reviewed the technical and scientific information contained in this press release and is a Qualified Person within the meaning of NI 43-101.
i-80 Gold Corp. is a well-financed, Nevada-focused, mining company with a goal of achieving mid-tier gold producer status through the development of multiple deposits within the Company's advanced-stage property portfolio with processing at i-80's centralized milling facility that includes an autoclave.
Certain statements in this release constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities laws, including but not limited to, the expansion or mineral resources at Granite Creek and the potential of the Granite Creek project. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as "may", "would", "could", "will", "intend", "expect", "believe", "plan", "anticipate", "estimate", "scheduled", "forecast", "predict" and other similar terminology, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements reflect the Company's current expectations regarding future events, performance and results and speak only as of the date of this release.
Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to: material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations.
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SOURCE i-80 Gold Corp | https://www.wibw.com/prnewswire/2022/08/03/granite-creek-underground-drilling-intersects-high-grade-gold-mineralization/ | 2022-08-03T11:19:20Z |
WASHINGTON (AP) — The House passed legislation late Wednesday night that would bolster federal resources to prevent domestic terrorism in response to the racist mass shooting in Buffalo, New York.
The 222-203, nearly party-line vote was an answer to the growing pressure Congress faces to address gun violence and white supremacist attacks — a crisis that escalated following two mass shootings over the weekend. Rep. Adam Kinzinger, R-Ill., a member of the congressional committee investigating the attack on the U.S. Capitol, was the lone Republican to vote in favor of the measure.
But the legislative effort by Democrats is not new. The House passed a similar measure in 2020 only to have it languish in the Senate. And since lawmakers lack the support in the Senate to move forward with any sort of gun-control legislation they see as necessary to stop mass shootings, Democrats are instead putting their efforts into a broader federal focus on domestic terrorism.
“We in Congress can’t stop the likes of (Fox News host) Tucker Carlson from spewing hateful, dangerous replacement theory ideology across the airwaves. Congress hasn’t been able to ban the sale of assault weapons. The Domestic Terrorism Prevention Act is what Congress can do this week to try to prevent future Buffalo shootings,” Rep. Brad Schneider, D-Ill., who first introduced the measure in 2017, said on the House floor.
The measure seeks to prevent another attack like the one that took place in Buffalo on Saturday where police say an 18-year-old white man drove three hours to carry out a racist, livestreamed shooting rampage in a crowded supermarket. Ten people were killed, all of the victims Black.
Supporters of the bill say it will fill the gaps in intelligence-sharing among the Justice Department, Department of Homeland Security and the FBI so that officials can better track and respond to the growing threat of white extremist terrorism.
Under current law, the three federal agencies already work to investigate, prevent and prosecute acts of domestic terrorism. But the bill would require each agency to open offices specifically dedicated to those tasks and create an interagency task force to combat the infiltration of white supremacy in the military.
The Congressional Budget Office estimates the bill would cost about $105 million over five years, with most of the money going toward hiring staff.
“As we took 9/11 seriously, we need to take this seriously. This is a domestic form of the same terrorism that killed the innocent people of New York City and now this assault in Buffalo and many other places,” said Sen. Dick Durbin, D-Ill., who is sponsoring an identical bill in the Senate.
Senate Democrats are pledging to bring up the bill for a vote next week. But its prospects are uncertain, with Republicans opposed to bolstering the power of the Justice Department in domestic surveillance.
Republican lawmakers assert that the Justice Department abused its power to conduct more domestic surveillance when Attorney General Merrick Garland issued a memo in October aimed at combating threats against school officials nationwide. They labeled the memo as targeting concerned parents.
GOP lawmakers also say the bill doesn’t place enough emphasis on combatting domestic terrorism committed by groups on the far left. Under the bill, agencies would be required to produce a joint report every six months that assesses and quantifies domestic terrorism threats nationally, including threats posed by white supremacists and neo-Nazi groups.
“This bill glaringly ignores the persistent domestic terrorism threat from the radical left in this country and instead makes the assumption that it is all on the white and the right,” said Rep. Darrell Issa, R-Calif.
The divergence highlights the stubborn gap between Democrats and Republicans over domestic terrorism in the U.S. and how it should be defined and prosecuted.
For decades, terrorism has been consistently tied with attacks from foreign actors, but as homegrown terrorism, often perpetrated by white men, has flourished over the past two decades, Democratic lawmakers have sought to clarify it in federal statute.
“We’ve seen it before in American history. The only thing missing between these organizations and the past are the white robes,” Durbin said. “But the message is still the same hateful, divisive message, that sets off people to do outrageously extreme things, and violent things, to innocent people across America. It’s time for us to take a stand.” | https://cw33.com/news/politics/ap-politics/house-voting-on-domestic-terrorism-bill-after-buffalo-attack/ | 2022-05-19T08:48:16Z |
April 5, 2022 Russia-Ukraine news
By Melissa Macaya, Jason Kurtz, Maureen Chowdhury, Aditi Sangal, Helen Regan, Travis Caldwell, Ben Church, Lianne Kolirin and Seán Federico O’Murchú, CNN
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/national-world/cnn-europe-mideast-africa/2022/04/05/april-5-2022-russia-ukraine-news-2/ | 2022-04-06T07:21:49Z |
Evolution of Man & Woman of the Year and Students of the Year campaigns honor the vision that dedicated leaders bring to making the impossible possible
RYE BROOK, N.Y., Aug. 2, 2022 /PRNewswire/ -- The global leader in the fight against blood cancer, The Leukemia & Lymphoma Society (LLS), continues to reach new heights in enhancing its fundraising campaigns. Today, LLS announced the evolution of its signature campaigns, Man & Woman of the Year and Students of Year. Focused on innovating participant experiences and embracing the unified resolve to create a better world – one without blood cancers – Man & Woman of the Year and Students of Year are transitioning nationwide in 152 markets to LLS Visionaries of the Year and LLS Student Visionaries of the Year.
Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/8922357-lls-announces-visionaries-of-the-year-campaigns-to-advance-mission/
Over the past three decades, the campaigns have proven to be about much more than individuals and teams winning a competition — it is about incredible leaders from diverse experiences and backgrounds stepping up and leading others to raise critical funds to end blood cancer.
"The evolution of LLS's Visionaries and Student Visionaries of the Year invites different views and perspectives, all working together extraordinarily, to be leaders in the cancer space today, tomorrow and into the future," said Louis J. DeGennaro, Ph.D., LLS president and CEO. "This is so much more than a name change. Together, we are expanding and transforming the landscape of blood cancer care and support so blood cancer patients not only survive but thrive."
"More than 70 years ago, a family lost their son to leukemia and turned that grief into a vision that blood cancers could one day be curable, said Coker Powell, LLS Chief Development Officer. "As we look to the future, LLS will continue to tap into our long history of innovation and creative thinking to create enhanced experiences that support, inspire and recognize the campaign's candidates in the most meaningful way possible."
Ten markets executed LLS Visionaries of the Year in 2022. These incredible candidates proved their vision of a world without blood cancer could one day become a reality — the results of the first-ever LLS Visionaries of the Year were astounding.
Deborah Sturges, Owner, President and CEO of Hallmark Home Mortgage of Fort Wayne, IN, was named 2022 National Visionary of the Year, raising an incredible $302,528.
Sturges has been asked many times before to run in the iconic campaign. She accepted her nomination in 2022 because she was enthralled by the evolution of Visionaries of the Year. "Being the National Visionary of the Year displays the generosity and care of our community," said Sturges. "Northeast Indiana stepped up to this cause and has proven its commitment and desire to cement a legacy in fighting leukemia and lymphoma."
Sturges dedicated her efforts to LLS in honor of two dear friends, Jaxson and Chrissy, both cancer survivors.
Visionary of the Year Runner-up, Richard Schwartz, an Executive Vice President at Red Hour Films in Los Angeles, CA, raised $196,505.
Schwartz's father was diagnosed with lymphoma in 2020, and in 2021 his doctor administered a new immunotherapy treatment, which led to his remission. When he learned LLS was an investor in the research of the therapy his father received, that is what ultimately led him to run for Visionary of the Year.
Visionary of the Year All Star, Liz Sczudlo, a writer and producer in Los Angeles, CA raised $195,365. She ran in honor of her sister, Lauren, who was diagnosed with refractory Hodgkin lymphoma in 2011 when the typical survival rate was below 30%. Still, after months of harsh treatment, she received a stem cell transplant and has been cancer-free ever since.
For more information or to get involved, visit llsvisionaries.org or llsstudentvisionaries.org and follow on social media, @LLSusa, #LLSVisionaries.
Blood cancer patients and their families should contact the LLS Information Resource Center at (800) 955-4572, Monday through Friday, 9 a.m. to 9 p.m., ET.
About The Leukemia & Lymphoma Society
The Leukemia & Lymphoma Society® (LLS) is a global leader in the fight against blood cancer. The LLS mission: Cure leukemia, lymphoma, Hodgkin's disease and myeloma, and improve the quality of life of patients and their families. LLS funds lifesaving blood cancer research around the world, provides free information and support services, and is the voice for all blood cancer patients seeking access to quality, affordable, coordinated care.
Founded in 1949 and headquartered in Rye Brook, NY, LLS has regions throughout the United States and Canada. To learn more, visit www.LLS.org. Patients should contact the Information Resource Center at (800) 955-4572, Monday through Friday, 9 a.m. to 9 p.m. ET.
For additional information visit lls.org/lls-newsnetwork. Follow us on Facebook, Twitter, and Instagram.
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SOURCE The Leukemia & Lymphoma Society (LLS) | https://www.wibw.com/prnewswire/2022/08/02/leukemia-amp-lymphoma-society-announces-visionaries-year-campaigns-advance-mission/ | 2022-08-02T13:54:39Z |
SANTO DOMINGO, Dominican Republic (AP) — The Dominican Republic’s minister of the environment and natural resources — the son of a former president — was shot to death in his office by a close friend Monday, the office of the president said in a statement.
Authorities said Orlando Jorge Mera was shot by Fausto Miguel de Jesús Cruz de la Mota, who was later arrested at a church dozens of blocks away after telling a priest he committed a crime and handed over a gun to him.
Officials gave no motive for the shooting, and it wasn’t immediately clear if Cruz, 56, had an attorney.
“We express our deepest condolences,” the office of President Luis Abinader said.
As shots rang out late Monday morning, people on the street yelled and took cover as those fleeing the buidling climbed over a tall fence after first throwing over purses, backpacks and even a pair of shoes because the building’s main gates were locked.
Authorities said that in a phone conversation with Cruz while he was at the church, he promised to turn himself in if they guaranteed he wouldn’t be killed.
Heavily armed police officers took him into custody at the church, which is about a 15-minute drive from the office where Jorge was shot.
When he was brought out, Cruz was wearing a helmet and bulletproof vest and kept his head mostly down as the glasses he wore slid slightly down his nose. One bystander yelled: “You killed a good man! Murderer!”
The victim came from a powerful political family. Jorge was the son of former Dominican President Salvador Jorge Blanco and his sister is a vice minister in Abinader’s administration. Jorge’s son is a lawmaker for the Modern Revolutionary Party, of which Jorge was a founding member.
The family issued a statement saying that Cruz had been Jorge’s friend since childhood and that Jorge was shot multiple times.
“Our family forgives the person who did this. One of Orlando’s greatest legacies was to not hold grudges,” it said.
Police and emergency officials swarmed the office of Environment and Natural Resources Ministry in the capital of Santo Domingo and barred entry as mourners gathered nearby. Jorge’s office was on the fourth floor of a building that also houses the Ministry of Tourism.
“We are troubled by the situation,” Jorge’s ministry said in a brief statement.
Bartolomé Pujals, executive director of the government’s Cabinet of Innovation, wrote that he lamented the killing.
“His death is a tragedy,” Pujals said. “We Dominicans have to come together to achieve a pact for peace and peaceful coexistence. No more violence.”
Jorge, a lawyer, was appointed minister of the environment and natural resources in August 2020.
___
Associated Press writer Dánica Coto in San Juan, Puerto Rico, contributed to this report. | https://cw33.com/news/ap-top-headlines/cabinet-minister-in-dominican-republic-slain-in-his-office/ | 2022-06-07T02:47:14Z |
A 25-year-old wildland firefighter was killed after being struck by a tree while battling the Rum Creek Fire in Oregon, officials said Friday, marking the second fire personnel death in the state this month.
Logan Taylor of Talent, Oregon, was critically injured Thursday, according to a joint statement from the Oregon Department of Forestry and the Bureau of Land Management.
After learning of Taylor's injuries, the Jackson County Sheriff's Office Search and Rescue airlifted Taylor out of the mountainous terrain to the Asante Rogue Regional Medical Center in Medford for treatment, according to the joint statement. Taylor succumbed to his injuries, despite lifesaving efforts from firefighters and EMS personnel assigned to the fire and medical staff, it said.
Taylor was the operator of Sasquatch Reforestation, an forestry department-contracted firefighting company.
"We are extremely saddened by the passing of Logan Taylor. This loss is deeply felt by our ODF family and throughout the wildland fire community as a whole," said Tyler McCarty, ODF Southwest Oregon District Forester. "Safety remains our top priority. ODF and our partners are committed to learning from this accident and to doing everything we can to reduce the risk of similar incidents occurring in the future."
"A loss of a firefighter's life impacts the whole firefighting community, and we send our condolences to the family friends and coworkers," said Elizabeth Burghard, BLM Medford District Manager said. "Safety is the number one priority for the BLM and our wildland firefighting partners. We want every firefighter to come home safely each day."
The Rum Creek fire, one of dozens of wildfires burning in Oregon, is about 30 acres in size, according to Jackson County Emergency Management. The blaze is located north of Galice, about 150 miles south of Eugene, in southern Oregon.
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NEW YORK (AP) — If Elon Musk and Twitter get their way, the company will soon be privately held and under his control.
The most obvious immediate change would likely be Twitter’s stock being taken off the New York Stock Exchange. But the company would also likely get freed from having to give regular updates about its business to U.S. regulators and to Wall Street.
One important change for Twitter users is that the company would likely have more freedom to make big or unpopular changes. That’s because it wouldn’t have to worry about potential blowback from Wall Street.
Here’s a look at what it means for a company to go private.
WHAT WILL HAPPEN TO ITS STOCK?
If the merger closes as planned, Twitter investors would get $54.20 in cash for each share they own. Those shares would then be canceled and cease to exist.
WHAT DIFFERENCE DOES THAT MAKE?
Twitter would likely no longer have to file documents with U.S. regulators every three months to show how much money it‘s making. It also likely wouldn’t have to announce changes to its strategy or operations that are big enough to materially change its fortunes. Now, it risks getting sued if it doesn’t make such disclosures.
“The biggest distinction is that Musk as an owner would be beholden to his own desires or to his and whatever remaining shareholders are still around, rather than to the wide investor base that it has now,” said Eric Talley, a law professor at Columbia University.
WHO WOULD BE IN CHARGE?
The company would still have a board of directors, Talley said. It would also need to still follow state-level corporate governance rules, as well as all applicable tax, environmental and other laws.
WHAT ARE THE BENEFITS OF BEING PRIVATELY HELD?
Going private removes the possibility of Twitter having to answer to angry shareholders if it makes big changes to its business. Musk has already floated the idea of depending less on advertising, which is Twitter’s main way of making money.
Investors often send a stock price lower if they think a company’s decision is wrong, or at least being made at the wrong time. And the fiduciary duty of the board of directors for a publicly traded company is to generate a return for its investors.
A privately held company, meanwhile, doesn’t need to worry about short-term drops for its stock price. It can also jump more whole heartedly into plans, say by hiring slews of new workers to transform it, without having to explain the jump in expenses to shareholders in its next quarterly report.
Both private and public companies “can do whatever they want, but there will be less blowback for privately held companies because a shareholder can’t complain because there are no other shareholders,” said Harry Kraemer, a former CEO and chairman of Baxter International who is now a professor at Northwestern University’s Kellogg School of Management.
HOW MUCH POTENTIAL BLOWBACK IS THERE, REALLY?
There’s a lot more scrutiny on publicly held companies by not only shareholders and regulators but also by the media, said Kraemer, who currently sits on boards of both publicly held and privately held companies.
And the pressure to hit performance targets every three months is indeed high, he said.
“I often tease people who say I was at Baxter for 23 years,” Kraemer said. “I tell them I was at Baxter for 92 quarters. And every quarter was the most critical of my life, until the next quarter started.”
GETTING AWAY FROM SHORT-TERMISM IS A GOOD THING, RIGHT?
It does allow companies more freedom to make bold changes they believe in. But it also removes a source of accountability, said Columbia’s Talley.
“If you’re running the thing in a wasteful or slothful way, you’re going to get called on it,” he said.
WHAT DOES A COMPANY LOSE BY GOING PRIVATE?
A potentially quick way to raise cash. Companies that are publicly traded can sell more shares of their stock if they need to raise cash in a pinch.
COULD MUSK DECIDE NOT TO CARE ABOUT MAKING PROFITS AT ALL?
If he’s the only shareholder, he could ostensibly do whatever he wants. But he is also borrowing up to $25.5 billion from a slew of banks to pay for the takeover of Twitter. And they’re going to want their money back, plus interest.
If Musk ends up having other shareholders along with him in Twitter, that could also up the pressure on profits. Talley pointed to a famous case brought against another iconic automaker, Henry Ford, who cut back on dividends to shareholders at one point.
“The moral of the whole lawsuit is that while you have a lot of discretion in how you go about maximizing shareholder returns, you don’t get much discretion on whether to do so,” he said.
DOES TWITTER HAVE TO STAY PRIVATE?
No, it can go back to selling its stock on the public market again. Going private itself would also give Twitter the opportunity to revamp its ownership structure and start offering dual classes of shares, including one that has much control over the company than the other, Talley said. | https://cw33.com/technology/ap-technology/explainer-what-twitter-could-do-as-privately-held-company/ | 2022-04-28T19:05:26Z |
JACKSON, Miss. (AP) — When Corion Evans saw three people at a party, the 16-year-old never imagined he would save their lives a few hours later. But that’s what happened in the early hours of Sunday when a car drove off a boat launch into a south Mississippi river.
The Mississippi high school student jumped into the Pascagoula River around 2:30 a.m. that day after seeing the car plunge into the waters from the boat ramp under Interstate 10. Three young women he had seen at a nearby party on Saturday had been in the car. They all had gone to a gathering spot near the boat ramp after the party ended.
He ran downhill toward the water as fast as he could.
“I just seen the car in the water, then just seen them in the water saying ‘help.’ So I just took my shirt off, took my shoes off and threw my phone and I jumped in the water,” Evans said.
Undeterred by the dark water, Evans headed straight into the river. Later, he learned, alligators live in the river and its bayous.
“I was scared, but I just focused on keeping everybody calm,” he said. He went on to save all three women in the car and a police officer who responded to the scene.
The driver said she was following her GPS and did not realize she was headed for the water’s edge, according to a Moss Point Police Department news release Wednesday.
“It’s no lights down here or nothing, so everything was just pitch black,” Cora Watson, 19, told WLOX-TV. “The GPS thought we was on top of the interstate. That’s why it was telling us to go straight because it did not say it was water here or nothing.”
The three young women climbed out of the passenger window, WLOX-TV reported. At least one of them managed to get onto the roof of the car. As another struggled to tread water, she managed to hold one hand in the air and call the police.
Moss Point police officer Gary Mercer was dispatched to the scene and said Evans was already in the water when he arrived. Mercer said he jumped into the river and began assisting one of the teenagers who said she couldn’t swim. After Mercer tried to carry the girl on his back, she panicked and caused him to go underwater.
“He was trying to come back up but kept swallowing water,” Evans said. “He was trying to catch his breath but he tells her, ‘I can’t, I can’t.’ That’s when I swam over to them.”
Evans then helped Mercer and the woman reach the shore. He attributes his physical strength to playing high school football and his swimming experience. He said he learned how to swim as a 3-year-old in his grandmother’s pool.
“If Mr. Evans had not assisted, the situation could have turned out differently, instead of all occupants being rescued safely,” said Moss Point Chief of Police Brandon Ashley.
On Tuesday, the Moss Point mayor and board of aldermen presented Evans with a certificate of commendation for his actions.
“We are proud of the young man for having the courage to forget about himself and jump into the water,” Mayor Billy Knight told the AP. “It’s not often enough that you see people put others above themselves.”
The young women gave Evans a gift basket complete with bags of “Life Savers” candy.
Evans, who will be a senior at Pascagoula High School in the fall, wants to study physical therapy or sports medicine in college. A GoFundMe page was started to help pay his tuition, which he is calling a “blessing.”
“I wasn’t supposed to be there,” Evans said. “When I ran into that water I was supposed to have already been gone. I feel that I’m being blessed for what I did that night.”
___
Michael Goldberg is a corps member for the Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues. Follow him on Twitter at twitter.com/mikergoldberg. | https://cw33.com/news/u-s-news/ap-us-headlines/mississippi-teen-recounts-rescuing-4-people-from-drowning/ | 2022-07-09T01:41:09Z |
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