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Is the summer vacation boom over before it even began?
By Paul R. La Monica, CNN Business
This summer has long been forecast as a potential boom time for the travel industry. Retailers and economists have been talking a lot about how consumers are starting to buy less stuff and are instead spending more on vacations and other experiences.
But that’s not the story the travel stocks themselves are telling. Worries about inflation and a resurgence in Covid cases in China are starting to take their toll.
After a hot start to the year, shares of major hotel chains including Hilton, Wyndham and Hyatt have tumbled on economic jitters and travel slowdown concerns. All three stocks are down nearly 20% this year.
Casino stocks Las Vegas Sands, MGM and Wynn Resorts also have plunged, as have shares of cruise operators Carnival, Royal Caribbean Cruises and Norwegian Cruise Line.
Major airline stocks, which have held up better than the broader market this year, have been losing altitude lately. Shares of American, United, Delta and Southwest all fell sharply Tuesday and are now in the red for 2022.
And now Airbnb is trading near an all-time low, more than 50% below its IPO price from late 2020. Vrbo owner Expedia has lost more than a third of its value in 2022.
Is this a bad sign for the summer travel season and the economy? It’s still too hard to tell.
It’s worth remembering that last year’s second and third quarter earnings and revenue for leisure companies was incredibly strong as consumers started to worry less about Covid. Many Americans tired of sheltering in place in 2020 went back out and traveled as Covid cases dropped during what was dubbed the “Hot Vax Summer.”
So companies in the travel business may be facing difficult comparisons to last year’s results. Add inflation pressures into the mix, and the year-to-year contrast could be even more jarring.
No more ‘revenge spending’ due to inflation?
Analysts at Morning Consult said in a report earlier this month that “services like air travel … registered modest spending declines as robust demand faltered slightly amid eyepopping prices.”
The Morning Consult analysts further noted that despite “strong pent-up demand,” the travel sector “could be subject to spending pullbacks if prices for flights and hotels continue to skyrocket.” Indeed, the government reported earlier this month in its Consumer Price Index inflation report that airline fares soared 33.3% over the past 12 months as of the end of April — the biggest year-over-year increase since December 1980.
Labor shortages could hurt the travel sector this summer too, especially at airlines.
“Demand for seats on planes is increasing but supply is constrained, leading to higher ticket prices for consumers,” said Christopher Raite, senior analyst at Third Bridge, in a recent report.
“If airlines could staff their aircraft more reliably, there would be more flights available, but the labor situation is challenging and adding to inflationary pressures in the industry,” he added.
Raite also pointed out that “wage and fuel cost pressures” are a major issue for the airlines and that could “cap the profit recovery across the entire industry despite soaring revenue.”
Jet fuel prices have more than doubled over the past year, according to data from the International Air Transport Association, an industry trade group.
Travel CEOs are guardedly upbeat
For their part, travel industry executives remain cautiously optimistic about the summer, even as inflation and other macro concerns are an issue.
“Despite the usual caveats for Covid, rising inflation to worry about and of course the geopolitical situation, the pent-up demand that’s out there for travel seems to be outweighing anything the market can throw at it,” said Peter Kern, CEO of Expedia during an earnings conference call with analaysts earlier this month.
“We continue to be feeling very good about a summer recovery that should be very robust,” Kern added.
And one travel CEO even seemed to relish the rising prices.
“Inflation is an ugly word, but … there’s a pretty side to it, which is pricing power,” said Norwegian Cruise Line CEO Frank Del Rio during the company’s earnings conference call with analysts this month. Del Rio said that the cruise industry should be able to raise prices without hurting demand.
He even went as far as to predict that 2023 could be a record year for the company, if momentum continues to build.
Still, he did have a caveat: demand should hold up only as long as there is an “absence of more black swan events,” referring to the phrase investors use to describe highly unpredictable occurrences.
The pandemic, supply chain disruptions, the war in Ukraine and inflation at its highest level in four decades can all be considered black swans. That’s why Del Rio also said, “we’ve had more black swan events in the last two years than I think we’ve had in the prior 20.”
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved.
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https://localnews8.com/money/cnn-business-consumer/2022/05/24/is-the-summer-vacation-boom-over-before-it-even-began/
| 2022-05-24T20:55:48Z
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MHA launches a new website, updates brand, and a newly renovated office
SHOREVIEW, Minn., Sept. 15, 2022 /PRNewswire/ -- Maxwell Healthcare Associates (MHA), the industry's leading post-acute operational, financial, technological, and regulatory consulting firm, is thrilled to announce the launch of its new website, www.maxwellhca.com. MHA's strong digital presence is further bolstered with a new website and updated brand colors with wide recognition across the post-acute industry.
The site features a robust resources section with useful information, alongside material on ways agencies can benefit from MHA's expertise within the industry. The website will improve external outreach efforts and increase productive communication with visitors. The new layout allows clear distinction between resources – including a full outline of news/events, as well as various tiers of assistance between different service lines. In addition, the website acts as a central hub for customer satisfaction, blogs, informational videos, and industry relevant information for educational purposes. It will serve as a comprehensive way for customers and employees alike to communicate with MHA as a force within the industry.
"As MHA increases its headway in the industry, it's only fitting to expand our online presence," said Jennifer Maxwell, CEO and Co-Founder of MHA. "Our new website isn't just a hub for our services and resources, it's a new look to outline the growth we've experienced as we continue to act as an industry-leading force."
MHA's growth is further reflected in their newly renovated offices. The need to expand office space with additional rooms and meeting areas allows the team to work in a fresh, exciting place as new employees join the team. An open house is scheduled for September 15th from 2:00 – 6:00 PM to celebrate the launch of the new website and new offices.
"We are thrilled about the new space and can't wait for everyone to see it, said Cory Olson, President and COO of Maxwell Healthcare Associates. "We love the office, but it's our people that truly make it inviting and worth coming to work each day."
Maxwell Healthcare Associates boasts an average of 20 years of experience in the post-acute space and has a pulse on what's relevant now in the industry. MHA can work with home health and hospice agencies to strategize, optimize, and transform agencies across the nation. For more information, visit www.maxwellhca.com.
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https://www.wibw.com/prnewswire/2022/09/15/maxwell-healthcare-associates-unveils-updated-brand/
| 2022-09-15T19:54:04Z
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Wichita selected for new facility, to bring more jobs, investments
WICHITA, Kan. (WIBW) - Wichita has been selected as the new home for a new manufacturing facility that will lead to more jobs and investments for the community.
Kansas Governor Laura Kelly released the announcement on Wednesday, August 24, of the new facility. Governor Kelly announced that JTM Foods, LLC., selected Wichita’s ict21 industrial district to house its facility.
According to Governor Kelly, the new facility will be home to a treat available at many of the nation’s largest retailers called JJ’s Snack Pies.
Kelly also said that this latest development has officially broken ground in the district and JTM Foods has plans to hire 150 employees over the next two years and invest $40 million in the facility.
“JTM Foods’ expansion into Wichita is sweet news for Kansans and for treat lovers everywhere. Our state dominates the landscape in food processing, and JTM’s investment highlights the tremendous competitive advantages Kansas offers businesses,” said Governor Laura Kelly. “Our central location, strong infrastructure, and outstanding workforce make our state the best place in the nation to build, hire, and invest.”
According to JTM Foods, Wichita was picked because of its proximity to I-135 and its location in the country to increase production and improve coordination of the product in the southern, southwest, and west coast markets.
“After exploring several options across multiple states and locales,” said Monty Pooley, JTM Foods President and CEO, “the strong public/private partnerships here, linking government, business, academic, and community interests together convinced us that Wichita was the ‘Best Choice’ for JTM’s future expansion.”
This announcement was released while Governor Laura Kelly in on her statewide ‘Prosperity on the Plains’ tour discussing state economic development and job creation.
“We are thrilled to play a part in bringing this land back into productive use,” said Wichita Mayor Brandon Whipple. “Not only will this produce hundreds of jobs in our city, but it will also help represent a significant expansion of the food manufacturing sector locally, making Wichita more competitive on a national scale.”
Kelly furthers said in the announcement that back in February 2021, the Framework for Growth plan was introduced by Kelly as a state comprehensive economic strategy, and two of the five sectors for accelerated growth, within the plan, are for advanced manufacturing, as well as food and agriculture.
The plant is expected to open by spring 2023.
Copyright 2022 WIBW. All rights reserved.
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https://www.wibw.com/2022/08/24/wichita-selected-new-facility-bring-more-jobs-investments/
| 2022-08-24T18:06:34Z
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VANCOUVER, BC, Sept. 7, 2022 /PRNewswire/ - Sitka Gold Corp. ("Sitka" or the "Company") (CSE: SIG) (FSE: 1RF) (OTCQB: SITKF) is pleased to release assay results for the first six holes completed at the Blackjack zone from the Phase II summer portion of the 2022 diamond drill program located at the Company's RC Gold Project ("RC Gold" or the "Project") in the Yukon's Tombstone Gold Belt (TGB). 16 diamond drill holes were completed totaling 5,250 metres during the program, with assays still pending for 10 additional holes; 9 from the Blackjack zone and 1 from the MayQu target.
- 146.6 m of 0.90 g/t Au from surface in DDRCCC-22-030, including
33.8 m of 1.42 g/t Au from 2.84 m; - 116.0 m of 0.65 g/t Au from 27.0 m to 143.0 m in DDRCCC-22-029, including 19.0
m of 1.02 g/t Au from 124.00 m;
"The results from the first six holes of our summer drilling program have produced significant gold bearing intervals that demonstrate the consistency of gold mineralization across this expanding zone," stated Cor Coe, P.Geo., CEO and Director of Sitka. "All drill holes were mineralized over their entire length with highly anomalous gold values from surface to depth along with the higher-grade intervals summarised in Table 1. These holes have established higher-grade mineralization associated with a structural zone of late stage and post mineral intrusive dikes over 400 metres in an east west direction and over 450 metres of width to our extensional zone within our main intrusive body in a north-south orientation. These stepout holes demonstrate the potential scale and abundance of the Blackjack Zone and the approximately 2 km x 500 m extensional corridor area in general (see Figure 4). We are eagerly awaiting the results of the remaining holes as we continue to expand on this newly discovered gold prospect within our district-scale, road accessible RC Gold Project."
Table 1 - Analytical Results for DDRCCC-22-026 through DDRCCC-22-031
Drillhole DDRCCC-22-026 was drilled from the same setup as drillhole DDRCCC-22-022 at the south end of current drilling, with a dip of -45 and an azimuth to the southeast at 140 degrees. The hole encountered a mixed sequence of multiphase granitic intrusive and metasedimentary rocks to 234 metres depth before staying in metasedimentary rocks to the end of hole at 374 metres. Sheeted quartz vein mineralization was generally weakly developed with a low density of veining. The southern margin of the encountered intrusive displayed the best development of veining with a 74 metre interval grading 0.35 g/t Au from 157 metres to 231 metres.
Drillholes DDRCCC-22-027 & -028 were drilled on a section 100 metres southwest from discovery hole DDRCCC-21-021 at azimuths of 320 degrees and dips of -55 and -50, respectively. Both holes intersected predominantly metasedimentary rocks, with narrow zones of both mineralized and post-mineralized dikes and sills associated with the development of the strongest structural zones and highest gold grades. Drillhole DDRCCC-22-033 was also drilled on this section encountering similar geology, with assay results still pending.
Drillholes DDRCCC-22-029, -030 & -031 were drilled on a section 100 metres northeast from discovery hole DDRCCC-21-021 at collar azimuths of 320 degrees and dips of -50. Holes -029 & -031 intersected mostly metasedimentary rocks with some mineralized and post-mineral dikes and sills associated with higher sheeted quartz vein density and gold grades. Hole -030 collared and remained in intrusive rock cut by late-mineralization-stage and post-mineral dikes over its entire length. The best grades were associated with a higher density of sheeted quartz veining along the southeastern margin of the intrusive. Drillhole DDRCCC-22-039 was also drilled on this section with assay results still pending.
The second phase of drilling was designed to further expand the Blackjack Zone and provide Sitka geologists with a solid database of drilling data to understand controls on mineralization observed in both intrusive and metasedimentary host rocks while also potentially providing the necessary spatial density to generate an initial resource estimate. Assay results from Phase II drilling along with structural information obtained from oriented drilling, data from detailed core logging, reprocessed Lidar data and interpretation of an airborne magnetic geophysical survey will form the basis for planning of a Phase III drilling program.
Table 2 - Previously released Blackjack Zone Drill Results
On receipt from the drill site, the HQ-sized drill core was systematically logged for geological attributes, photographed and sampled at Sitka's 2022 field camp. Sample lengths as small as 0.3 m were used to isolate features of interest, otherwise a default 2 m downhole sample length was used. Core was cut in half lengthwise along a predetermined line, with one-half (same half, consistently) collected for analysis and one-half stored as a record. Standard reference materials, blanks and duplicate samples were inserted by Sitka personnel at regular intervals into the sample stream. Bagged samples were placed in secure bins to ensure integrity during transport. They were delivered by Sitka personnel or a contract expeditor to ALS Laboratories' preparatory facility in Whitehorse, Yukon, with analyses completed in North Vancouver.
ALS is accredited to ISO 17025:2005 UKAS ref. 4028 for its laboratory analysis. Samples were crushed by ALS to over 70 per cent passing below two millimetres and split using a riffle splitter. One-thousand-gram splits were pulverized to over 85 per cent passing below 75 microns. Gold determinations are by fire assay with an inductively coupled plasma mass spectroscopy (ICP-MS) finish on 50 g subsamples of the prepared pulp (ALS code: Au-ICP-22). Any sample returning over 10 g/t Au was reanalyzed by fire assay with a gravimetric finish on a 50 g subsample (ALS code: Au-GRA21). In addition, a 51-element analysis was performed on a 0.5 g subsample of the prepared pulps by an aqua regia digestion followed by an inductively coupled plasma mass spectroscopy (ICP-MS) finish (ALS code: ME-MS41).
The RC Gold Project consists of a 376 square kilometre contiguous district-scale land package located in the newly road accessible Clear Creek, Big Creek, and Sprague Creek districts in the heart of Yukon's Tombstone Gold Belt. It is the largest consolidated land package strategically positioned mid-way between Victoria Gold's Eagle Gold Mine - Yukon's newest gold mine which reached commercial production in the summer of 2020 - and Sabre Gold Mine's Brewery Creek Gold Mine. The RC Gold Project land package comprises five underlying properties, namely, the RC, Bee Bop, Mahtin, Clear Creek, and Barney Ridge properties*. The Company recently identified a large 500 m by 2000 m intrusion related gold system on the Property between the Blackjack, Saddle and Eiger zones and to date has drilled 38 diamond drill holes into this system for a total of approximately 13,000 metres. This has been the main focus of the Company's drill programs at RC Gold in 2020, 2021 and 2022 which have returned several significant gold intercepts. including the discovery hole in the Blackjack zone in the last drill hole from the 2021 drill program, DDRCCC-21-021 ("Hole 21"). Hole 21 intersected 220.1 m of 1.17 g/t gold from surface that included 50.5 m of 2.08 g/t gold. Hole 21 was the westernmost hole drilled in the Saddle-Eiger trend and was drilled under a greater than 500 ppb gold-in-soil anomaly that was previously identified on surface. This gold-in-soil anomaly is part of the larger 2 kilometre by 500 m gold-in-soil anomaly that stretches from the Saddle Zone to the Eiger Zone and is open in all directions. Drilling in 2021 in the Eiger Zone in the easternmost area of the gold-in-soil anomaly has produced numerous significant intersections as demonstrated by Hole 9 which intersected 354 m of 0.41 g/t Au including 72 m of 0.72 g/t Au (see news release dated August 19, 2021).
Sitka Gold inherited a wealth of historical and current data from these properties from work spanning the last 40 years. Recent exploration work and the compilation of historical data have defined several mineralized zones with both bulk tonnage, intrusion-related gold deposit targets and high-grade, vein- and breccia-hosted gold targets. The RC Gold Project also has a common border with Victoria Gold's Clear Creek property at its western boundary and Florin Resources' Florin Gold property at its northern boundary.
*For more detailed information on the underlying properties please visit our website at www.sitkagoldcorp.com.
Exploration on the Property has mainly focused on identifying an intrusion-related gold system ("IRGS"). The property is part of the Tombstone Gold Belt which is the prominent host to IRGS deposits within the Tintina Gold Province in Yukon and Alaska. Notable deposits from the belt include: Fort Knox Mine in Alaska with current Proven and Probable Reserves of 230 million tonnes at 0.3 g/t Au (2.471 million ounces; Sims 2018)(1); Eagle Gold Mine with current Proven and Probable Reserves of 155 million tonnes at a diluted grade of 0.65 g/t Au at the Eagle and Olive deposits (3.261 million ounces; Goodwin et al. 2019)(2); the Brewery Creek deposit with current Measured and Indicated Mineral Resource of 34.5 million tonnes at 1.03 g/t Au (1.14 million ounces; Cook 2022)(3); the Florin Gold deposit, located adjacent to Sitka's RC Gold project, with a current Inferred Mineral Resource of 170.99 million tonnes grading 0.45 g/t Au (2.47 million ounces; Simpson 2021)(4) and the AurMac Project with an Inferred Mineral Resource of 207.0 million tonnes grading 0.60 grams per tonne gold (3.99 million ounces; Jutras 2022)(5).
Sitka Gold Corp. is a well-funded mineral exploration company headquartered in Canada with approximately $4.0 million in working capital after paying for the 2022 Yukon RC Gold Project drilling costs. The Company is managed by a team of experienced industry professionals and is focused on exploring for economically viable mineral deposits with its primary emphasis on gold, silver and copper mineral properties of merit. Sitka currently has an option to acquire a 100% interest in the RC, Barney Ridge, Clear Creek and OGI properties in the Yukon and the Burro Creek Gold property in Arizona. Sitka owns a 100% interest in its Alpha Gold property in Nevada, its Mahtin Gold property in the Yukon and its Coppermine River project in Nunavut.
Sitka is currently awaiting additional assay results from its recently completed Phase II summer diamond drill program at its RC Gold Project in the Yukon. Up to 1,500 metres of drilling is also currently underway at the Company's Alpha Gold Property in Nevada where a new Carlin-type gold system was recently discovered and where the Company is focused on vectoring towards the high-grade core of this system.
The scientific and technical content of this news release has been reviewed and approved by Cor Coe, P.Geo., Director and CEO of the Company, and a Qualified Person (QP) as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SITKA GOLD CORP.
"Donald Penner"
President and Director
This news release contains forward-looking statements and forward looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward-looking statements or information. Forward-looking statements and information are often, but not always, identified by the use of words such as "appear", "seek", "anticipate", "plan", "continue", "estimate", "approximate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "would" and similar expressions.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the expected timing and terms of the private placement, use of proceeds, anticipated work program, required approvals in connection with the work program and the ability to obtain such approvals. Accordingly, readers should not place undue reliance on the forward-looking statements, timelines and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.
The forward-looking statements and information contained in this news release are made as of the date of this news release and no undertaking is given to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws or the CSE. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) 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.
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SOURCE Sitka Gold Corp.
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https://www.mysuncoast.com/prnewswire/2022/09/07/sitka-drills-1466-metres-090-gt-gold-step-out-drilling-its-rc-gold-project-yukon/
| 2022-09-07T13:31:33Z
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Jersey Mike’s sub shop opens in Ardmore
ARDMORE, Okla. (KXII) - On Wednesday, a new sub shop opened in Ardmore.
Ardmore Jersey Mike’s owner Bobby Sanders said the doors haven’t stopped swinging since.
He said it’s not your average sub shop.
“We’re east coast style, so we get the vinegar and the oil and the spices we add on there.” Sanders said.
Sanders has several other locations around Oklahoma, but he wanted to bring it home.
“This is my hometown,” Sanders said. “I graduated from Plainview and so I figured I’d come back home”
So far, he said it’s been a hit.
“They cut the meat in front of you, it’s fresh,” customer Nick Neeley said. “They pile it on there, and I like the oil they use.”
“Everybody that’s came in has loved us so far,” Sanders said. “We’ve been on Rants and Races and people just talk about how great of service we’ve given to everybody.”
Sanders said he recommends the Italian or the #43.
“The 43 is my favorite, which is a chipotle cheesesteak, onions and peppers are grilled,” Sanders said.
Jersey Mikes is located on 12th Avenue near Academy.
Copyright 2022 KXII. All rights reserved.
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https://www.kxii.com/2022/06/06/jersey-mikes-sub-shop-opens-ardmore/
| 2022-06-06T03:42:13Z
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No injuries reported after crash on 24 sends car through house
MANHATTAN, Kan. (WIBW) - Miraculously, no injuries have been reported after a crash on Highway 24 near Manhattan sent a car flying into a nearby house.
The Pottawatomie Co. Sheriff’s Office says drivers should avoid the area of Highway 24 between Green Valley Rd. and Excel Rd. as emergency crews attempt to clean up a wreck.
According to deputies on the scene, two cars were involved in the accident, a gray passenger car driven by a male rear-ended a silver passenger car driven by a female. However, one landed in the ditch north of the highway and the second ran through a house on the south side.
When rear-ended, deputies said the woman’s foot had slipped off her brake pedal onto the gas which had accelerated the car through the median. She flew across the eastbound lanes and a ditch and landed in the garage in the front of the house.
The Manhattan Fire Department has been brought in to help get the house stabilized so first responders may attempt to get to the car.
So far, no injuries have been reported and tow trucks are attempting to remove both cars from the scene.
The Kansas Highway Patrol assisted at the scene.
Copyright 2022 WIBW. All rights reserved.
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https://www.wibw.com/2022/05/18/no-injuries-reported-after-crash-24-sends-car-through-house/
| 2022-05-18T23:14:08Z
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WESTMINSTER, Colo., June 30, 2022 /PRNewswire/ -- Ball Corporation (NYSE: BALL) will announce its second quarter 2022 earnings on Thursday, August 4, 2022, before trading begins on the New York Stock Exchange. At 9 a.m. Mountain time on that day (11 a.m. Eastern time), Ball will hold its regular quarterly conference call on the company's results and performance.
The North American toll-free number for the call is 877-846-2691. International callers should dial +1 212-231-2907. Please use the following URL for a webcast of the live call:
For those unable to listen to the live call, a taped replay will be available from 11 a.m. Mountain time on August 4, 2022, until 11 a.m. Mountain time on August 11, 2022. To access the replay, call 800-633-8284 (North American callers) or +1 402-977-9140 (international callers) and use reservation number 22019534. A written transcript of the call will be posted within 48 hours of the call's conclusion to Ball's website at www.ball.com/investors under "news and presentations."
Ball Corporation supplies innovative, sustainable aluminum packaging solutions for beverage, personal care and household products for customers, as well as aerospace and other technologies and services primarily for the U.S. government. Ball Corporation and its subsidiaries employ 24,300 people worldwide and reported 2021 net sales of $13.8 billion. For more information, visit www.ball.com, or connect with us on Facebook or Twitter.
This release contains "forward-looking" statements concerning future events and financial performance. Words such as "expects," "anticipates," "estimates," "believes," and similar expressions typically identify forward-looking statements, which are generally any statements other than statements of historical fact. Such statements are based on current expectations or views of the future and are subject to risks and uncertainties, which could cause actual results or events to differ materially from those expressed or implied. You should therefore not place undue reliance upon any forward-looking statements and they should be read in conjunction with, and qualified in their entirety by, the cautionary statements referenced below. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Key factors, risks and uncertainties that could cause actual outcomes and results to be different are summarized in filings with the Securities and Exchange Commission, including Exhibit 99 in our Form 10-K, which are available on our website and at www.sec.gov. Additional factors that might affect: a) our packaging segments include product capacity, supply, and demand constraints and fluctuations and changes in consumption patterns; availability/cost of raw materials, equipment, and logistics; competitive packaging, pricing and substitution; changes in climate and weather; footprint adjustments and other manufacturing changes, including the startup of new facilities and lines; failure to achieve synergies, productivity improvements or cost reductions; unfavorable mandatory deposit or packaging laws; customer and supplier consolidation; power and supply chain interruptions; changes in major customer or supplier contracts or loss of a major customer or supplier; inability to pass through increased costs; war, political instability and sanctions, including relating to the situation in Russia and Ukraine and its impact on our supply chain and our ability to operate in Russia and the EMEA region generally; changes in foreign exchange or tax rates; and tariffs, trade actions, or other governmental actions, including business restrictions and shelter-in-place orders in any country or jurisdiction affecting goods produced by us or in our supply chain, including imported raw materials; b) our aerospace segment include funding, authorization, availability and returns of government and commercial contracts; and delays, extensions and technical uncertainties affecting segment contracts; c) the Company as a whole include those listed above plus: the extent to which sustainability-related opportunities arise and can be capitalized upon; changes in senior management, succession, and the ability to attract and retain skilled labor; regulatory actions or issues including those related to tax, ESG reporting, competition, environmental, health and workplace safety, including U.S. FDA and other actions or public concerns affecting products filled in our containers, or chemicals or substances used in raw materials or in the manufacturing process; technological developments and innovations; the ability to manage cyber threats; litigation; strikes; disease; pandemic; labor cost changes; inflation; rates of return on assets of the Company's defined benefit retirement plans; pension changes; uncertainties surrounding geopolitical events and governmental policies, including policies, orders, and actions related to COVID-19; reduced cash flow; interest rates affecting our debt; and successful or unsuccessful joint ventures, acquisitions and divestitures, including the announced sale of our Russian business, and their effects on our operating results and business generally.
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https://www.wibw.com/prnewswire/2022/06/30/ball-announce-second-quarter-earnings-august-4-2022/
| 2022-06-30T21:39:03Z
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TAMPA, Fla., June 6, 2022 /PRNewswire/ -- Heritage Insurance Holdings, Inc. (NYSE: HRTG) ("Heritage" or the "Company"), a super-regional property and casualty insurance holding company, announced today details regarding the placement of its 2022-2023 catastrophe reinsurance program for its statutory insurance subsidiaries, including Heritage Property Casualty Insurance Company, Narragansett Bay Insurance Company and Zephyr Insurance Company.
- Total consolidated cost of approximately $359.5 million, accounting for 31% of March 31, 2022, premiums-in-force, three points higher than the prior year cost which accounted for 28% of March 31, 2021 premium-in-force.
- First event reinsurance tower exhaustion points of $1.2 billion for the Northeast, $1.3 billion in the Southeast and $780.0 million in Hawaii with no co-participations in the syndicated program.
- Program and costs include a limit of $100 million from catastrophe bonds issued by our special purpose vehicle, Citrus Re Ltd., which provides multi-year reinsurance protection at a cost of $5.1million.
- First event consolidated loss retention in the Southeast and Hawaii of $40.0 million, and $30.0 million in the Northeast. Individual Insurance companies will be less given the use of captive Osprey Re.
- Entire program is indemnity based.
- Florida Hurricane Catastrophe Fund participation of 90%, consistent with the prior year program.
- Deferred the use of Reinsurance to Assist Policyholders (RAP) program created by the Florida legislature.
"We are pleased to have completed our catastrophe reinsurance program integrating indemnity-based traditional reinsurance and insurance-linked securities. Our longstanding relationships with existing reinsurers as well as going to the market early contributed to the success of our placement. I was also pleased that the Company's program had reached a level of maturity making the new RAP program unnecessary to complete the risk transfer. Our super-regional strategy allowed for an orderly placement with our partners in these markets despite deteriorating capacity for Florida risk."
In addition, Heritage proactively suspended the offering of new personal residential policies in various counties in Florida, effective June 3, 2022, as the Company evaluates the impact of recent legislation on the homeowner's insurance marketplace and awaits other meaningful and necessary legislative changes in Florida. The Company anticipates that the suspension will be temporary as it is dedicated to the Florida market but will continue to evaluate options and the overall strategy in Florida which could entail additional suspensions or openings.
Financial information, including material announcements about Heritage, is routinely posted on investors.heritagepci.com.
Heritage Insurance Holdings, Inc. is a super-regional property and casualty insurance holding company. Through its insurance subsidiaries and a large network of experienced agents, the Company writes approximately $1.2 billion of gross personal and commercial residential premium across its multi-state footprint.
Statements in this press release that are not historical facts are forward-looking statements that are subject to certain risks and uncertainties that could cause actual events and results to differ materially from those discussed herein. Without limiting the generality of the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," "or "continue" or the other negative variations thereof or comparable terminology are intended to identify forward-looking statements. This release includes forward-looking statements relating to the benefits of our 2022-2023 catastrophe reinsurance program, the impact of our strategic initiatives, and our suspension of offering of new personal residential policies in various counties in Florida, the temporary nature of such suspension, the impact of Florida legislation, and our overall strategy in Florida.. The risks and uncertainties that could cause our actual results to differ from those expressed or implied herein include, without limitation: the success of the Company's underwriting and profitability initiatives; the continued and potentially prolonged impact of the COVID-19 pandemic on the economy, demand for our products and our operations; inflation and other changes in economic conditions (including changes in interest rates and financial and real estate markets), including as a result of the COVID-19 pandemic; the impact of macroeconomic and geopolitical conditions, including the impact of supply chain constraints, inflationary pressures, labor availability and the conflict between Russia and Ukraine; the impact of new federal and state regulations that affect the property and casualty insurance market; the costs of reinsurance, the collectability of reinsurance and our ability to obtain reinsurance coverage on terms and at a cost acceptable to us; assessments charged by various governmental agencies; pricing competition and other initiatives by competitors; our ability to obtain regulatory approval for requested rate changes, and the timing thereof; legislative and regulatory developments; the outcome of litigation pending against us, including the terms of any settlements; risks related to the nature of our business; dependence on investment income and the composition of our investment portfolio; the adequacy of our liability for losses and loss adjustment expense; our ability to build and maintain relationships with insurance agents; claims experience; ratings by industry services; catastrophe losses; reliance on key personnel; weather conditions (including the severity and frequency of storms, hurricanes, tornadoes and hail); changes in loss trends; acts of war and terrorist activities; court decisions and trends in litigation; and other matters described from time to time by us in our filings with the Securities and Exchange Commission, including, but not limited to, the Company's Annual Report on Form 10-K for the year ended December 31, 2021 filed with the Securities and Exchange Commission on March 14, 2022 and subsequent filings. The Company undertakes no obligations to update, change or revise any forward-looking statement, whether as a result of new information, additional or subsequent developments or otherwise.
Investor Contacts:
Kirk Lusk
Chief Financial Officer
klusk@heritagepci.com
Mike Houston
Lambert
HRTG@lambert.com
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SOURCE Heritage Insurance Holdings, Inc.
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https://www.kxii.com/prnewswire/2022/06/06/heritage-announces-details-2022-2023-catastrophe-reinsurance-program/
| 2022-06-06T20:29:21Z
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NAIROBI, Kenya (AP) — Kenya’s peaceful presidential election saw a brief disruption when riot police responded to scuffles at the national tallying center amid tensions over the close results.
An agent for longtime opposition leader and candidate Raila Odinga announced from the lectern that the tallying center was the “scene of a crime” before calm was restored late Saturday. The agent, Saitabao Ole Kanchory, offered no evidence in the latest example of the unverified claims that both top campaigns have made as Kenya waits for official results.
The electoral commission has seven days from Tuesday’s election to announce results. Chair Wafula Chebukati on Saturday again said the process was too slow, and the commission told nonessential people watching at the center to leave.
Police remained at the center on Sunday morning.
“We must all avoid raising tensions that could easily trigger violence,” local human rights groups and professional associations said in a joint statement Sunday urging restraint from candidates and their supporters.
The race remains close between Odinga and Deputy President William Ruto as the electoral commission physically verifies more than 46,000 results forms electronically transmitted from around the country.
Turnout dipped sharply in this election, to 65%, as some Kenyans expressed weariness with seeing long-familiar political leaders on the ballot and frustration with economic issues including widespread corruption and rising prices. Outgoing President Uhuru Kenyatta crossed the ethnic lines that have long marked politics by backing Odinga. The president fell out with his deputy Ruto years ago.
Past elections have been marked by political violence, but civil society observers, police, religious leaders and others have said this one has been peaceful.
U.S. Secretary of State Antony Blinken in a call with Kenyan President Uhuru Kenyatta on Saturday “encouraged continued peace and patience as the vote tallying from Kenya’s Aug. 9 election proceeds,” spokesman Ned Price said.
In western Kenya, residents said they were tired of waiting for results, but stressed that they were also sapped from the turbulence of the past.
“We aren’t ready for any violence here,” said Ezekiel Kibet, 40, who said he would accept the results if the process is transparent. “We are thinking of how our kids will go back to school.”
“Let whoever will win rule us,” added Daniel Arap Chepkwony, 63. “Many people think that we here will come out with our weapons, but we will not.”
___
An Associated Press journalist in Kingwal contributed to this report.
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https://cw33.com/business/ap-business/brief-scuffles-slow-tallying-in-kenyas-close-election/
| 2022-08-14T17:12:54Z
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WASHINGTON (AP) — Fewer Americans applied for jobless benefits last week as the U.S. job market remains robust despite four-decade high inflation and a myriad of other economic pressures.
Applications for jobless aid for the week ending June 18 fell to 229,000, a decline of 2,000 from the previous week, the Labor Department reported Thursday. First-time applications generally mirror the number of layoffs.
The four-week average for claims, which smooths out some of the week-to-week volatility, rose by 4,500 from the previous week, to 223,500.
The total number of Americans collecting jobless benefits for the week ending June 11 was 1,315,000, up by 5,000 from the previous week. That figure has hovered near 50-year lows for months.
Much of the recent job security and wage gains that Americans have enjoyed recently has been offset by inflation levels not seen in four decades.
Earlier in June, the Labor Department reported that consumer prices surged 8.6% last month — even more than in April — from a year earlier. The Federal Reserve responded last week by raising its main borrowing rate — its main tool for fighting rising prices — by three-quarters of a point. That increase is on top of a half-point increase in early May.
Three weeks ago the government reported that U.S. employers added 390,000 jobs in May, extending a streak of solid hiring that has bolstered an economy under pressure. Though the job growth in May was healthy, it was the lowest monthly gain in a year and there have been signs that more layoffs could be coming, at least in some sectors.
Jobless claims applications the past few weeks, though still relatively low, have been the highest since the first weeks of 2022.
Online automotive retailer Carvana said last month that it’s letting about 2,500 workers go, roughly 12% of its workforce. Online real estate broker Redfin, under pressure from a housing market that’s cooled due to higher interest rates, said last week that it was laying off 8% of its workers.
Those cuts have extended to companies in the cryptocurrency sector with prices for bitcoin and other digital assets cratering in recent months.
Crypto trading platform Coinbase Global said last week it planned to cut about 1,100 jobs, or approximately 18% of its global workforce, as part of a restructuring in order to help manage its operating expenses in response to current market conditions.
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https://cw33.com/business/ap-business/fewer-americans-file-for-jobless-aid/
| 2022-06-23T15:00:28Z
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MOUNTAIN VIEW, Calif., May 13, 2022 /PRNewswire/ -- Flex Logix® Technologies, Inc., supplier of fast and efficient edge AI inference accelerators and the leading supplier of eFPGA IP, announced today that it will be presenting on two Enabling Technology Tracks at the upcoming Embedded Vision Summit in Santa Clara, CA. One presentation will discuss the importance of properly pairing hardware and software to maximize computational performance, while the other will highlight a novel new dynamic TPU array architecture in the Flex Logix InferX™ platform.
Below are details on each of the presentations:
Presentation 1: High-Efficiency Edge Vision Processing Based on Dynamically Reconfigurable TPU Technology
- Speaker: Cheng Wang, Senior Vice President and Co-founder, Flex Logix
- Abstract: To achieve high accuracy, edge computer vision requires teraops of processing to be executed in fractions of a second. Additionally, edge systems are constrained in terms of power and cost. This talk will present and demonstrate the novel dynamic TPU array architecture of Flex Logix's InferX X1 accelerators and contrast it to current GPU, TPU and other approaches to delivering the teraops computing required by edge vision inferencing. We will compare latency, throughput, memory utilization, power dissipation and overall solution cost. We'll also show how existing trained models can be easily ported to run on the InferX X1 accelerator.
- When: Tuesday, May 17th
- Location: Santa Clara Convention Center, Santa Clara
- Time: 1:30 – 2:00 pm
Presentation 2: The Flex Logix InferX X1: Pairing Software and Hardware to Enable Edge Machine Learning
- Speaker: Randy Allen, Vice President of Software, Flex Logix
- Abstract: Machine learning is not new—the term was first coined in 1952. Its explosive growth over the past decade has not been the result of technical breakthroughs, but instead of available compute power. Similarly, its future potential will be determined by the amount of compute power that can be applied to an ML problem within the constraints of allowable power, area and cost. The key to increasing computation power is properly pairing hardware and software to effectively exploit parallelism. The Flex Logix InferX X1 accelerator is a system designed to fully utilize parallelism by teaming software with parallel hardware that is capable of being reconfigured based on the specific algorithm requirements. In this talk, we will explore the hardware architecture of the InferX X1, the associated programming tools, and how the two work together to form a cost-effective and power-efficient machine learning system.
- When: Wednesday, May 18th
- Location: Santa Clara Convention Center, Santa Clara
- Time: 11:25 – 11:55 am
In its booth #205, Flex Logix will be showing demonstrations of the Infer X1 Edge AI Inference accelerator running various inference models and showing industry-leading inference/watt for large complex AI models in both Linux and Windows environments. The X1 accelerator is based on a dynamically reconfigurable TPU architecture that offers GPU class performance at a small fraction of the size and power of traditional GPU offerings. It's available now in multiple form factors including M.2 and PCI Express boards.
Flex Logix is a reconfigurable computing company providing AI inference and eFPGA solutions based on software, systems and silicon. Its InferX X1 is the industry's most-efficient AI edge inference accelerator that will bring AI to the masses in high-volume applications by providing much higher inference throughput per dollar and per watt. Flex Logix's eFPGA platform enables chips to flexibly handle changing protocols, standards, algorithms, and customer needs and to implement reconfigurable accelerators that speed key workloads 30-100x compared to general purpose processors. Flex Logix is headquartered in Mountain View, California and has offices in Austin, Texas. For more information, visit https://flex-logix.com.
MEDIA CONTACTS
Kelly Karr
Tanis Communications
kelly.karr@taniscomm.com
+408-718-9350
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https://www.wibw.com/prnewswire/2022/05/13/flex-logix-present-two-enabling-technology-tracks-2022-embedded-vision-summit/
| 2022-05-13T13:33:32Z
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Solution Increased Operational User Productivity While Decreasing Time Required to Detect and Respond to Cyberattacks
WESTFORD, Mass., June 14, 2022 /PRNewswire/ -- NETSCOUT SYSTEMS, INC., (NASDAQ: NTCT), a leading provider of cybersecurity, service assurance, and business analytics solutions, today revealed the findings of a commissioned Forrester Consulting Total Economic Impact™ Study that evaluated the cost savings and business benefits for organizations deploying NETSCOUT Omnis® AED to protect against Distributed Denial of Service (DDoS) cyberattacks. Based on a financial assessment and interviews with four decision-makers that had implemented the solution, Forrester found that over three years Omnis AED provided a composite organization:
- An overall return on investment (ROI) of 201%
- Improved DDoS protection with greater control in configuring existing security systems
- Greater coverage with connected intelligence feeds and automated mitigation
- Increased operational efficiencies saving more than 2,000 hours of time
- Improved time to detect and respond, saving 144 hours due to automatic DDoS mitigation
"DDoS continues to be a huge threat to organizations worldwide with more than 9.7 million attacks – one every three seconds – in 2021*," stated Tom Lyons, vice president of product, NETSCOUT. "Forrester's research quantified a net present value of $3.37 million over three years using Omnis AED, with a payback period of seven months. It's rewarding to understand how our solutions are helping customers defend their IT infrastructures from bad actors while also saving them time and money."
In addition to the quantified findings in the study, Forrester also highlighted several unquantified benefits, including improved application uptime through automated traffic filtering; better compliance and governance; and improved peace of mind and brand reputation.
To read the full study, visit: https://www.netscout.com/whitepaper/total-economic-impact-netscout-omnis-aed.
About NETSCOUT
NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) protects the connected world from cyberattacks and performance disruptions through advanced network detection and response and pervasive network visibility. Powered by our pioneering deep packet inspection at scale, we serve the world's largest enterprises, service providers, and public sector organizations. Learn more at www.netscout.com or follow @NETSCOUT on LinkedIn, Twitter, or Facebook.
©2022 NETSCOUT SYSTEMS, INC. All rights reserved. NETSCOUT, the NETSCOUT logo, Guardians of the Connected World, Adaptive Service Intelligence, Arbor, ATLAS, Cyber Threat Horizon, InfiniStream, nGenius, nGeniusONE, and Omnis are registered trademarks or trademarks of NETSCOUT SYSTEMS, INC., and/or its subsidiaries and/or affiliates in the USA and/or other countries. Third-party trademarks mentioned are the property of their respective owners.
©2022 NETSCOUT SYSTEMS, INC. All rights reserved. NETSCOUT, the NETSCOUT logo, Guardians of the Connected World, Adaptive Service Intelligence, Arbor, ATLAS, Cyber Threat Horizon, InfiniStream, nGenius, nGeniusONE, and Omnis are registered trademarks or trademarks of NETSCOUT SYSTEMS, INC., and/or its subsidiaries and/or affiliates in the USA and/or other countries.
* Findings from NETSCOUT's Threat Intelligence Report, Issue 8, Second Half 2021.
Editorial Contacts:
Maribel Lopez
Manager, Marketing & Corporate Communications
+1 781 362 4330
maribel.lopez@netscout.com
Chris Shattuck
Finn Partners for NETSCOUT
+1 404 502 6755
NETSCOUT-US@FinnPartners.com
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SOURCE NETSCOUT SYSTEMS, INC.
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https://www.wibw.com/prnewswire/2022/06/14/total-economic-impact-study-finds-netscout-omnis-aed-delivers-201-return-investment/
| 2022-06-14T13:24:12Z
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NEW YORK, Aug. 13, 2022 /PRNewswire/ -- Cantor Fitzgerald, L.P., ("Cantor") a leading global financial services firm, sadly confirmed today that Anshu Jain, its President, died overnight after battling a serious illness. Mr. Jain joined the firm January 2017.
Mr. Howard Lutnick, Chief Executive Officer, commented, "It is with profound sadness that today we confirm Anshu's passing. Anshu was the consummate professional who brought a wealth of experience and wisdom to his role as President. He will be remembered as an extraordinary leader, partner, and dear friend who will be greatly missed by all of us and by all who knew him. On behalf of all our partners and employees, we extend our deepest sympathies to Anshu's family and wish them peace and healing during this difficult time."
About Cantor Fitzgerald, L.P.
Cantor Fitzgerald, with over 12,000 employees, is a leading global financial services group at the forefront of financial and technological innovation and has been a proven and resilient leader for 77 years. Cantor Fitzgerald & Co. is a preeminent investment bank serving more than 5,000 institutional clients around the world, recognized for its strengths in fixed income and equity capital markets, investment banking, SPAC underwriting and PIPE placements, prime brokerage, asset management, commercial real estate and for its global distribution platform. Cantor Fitzgerald & Co. is one of the 24 primary dealers authorized to transact business with the Federal Reserve Bank of New York. For more information, please visit: www.cantor.com.
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SOURCE Cantor Fitzgerald, L.P.
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https://www.wibw.com/prnewswire/2022/08/13/cantor-fitzgerald-confirms-death-president-anshu-jain/
| 2022-08-13T20:57:02Z
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ARLINGTON, Va., June 8, 2022 /PRNewswire/ -- Bloomberg Tax & Accounting today announced today that its Bloomberg Tax Provision product has been named a Gold Globee® winner in the 17th Annual 2022 Information Technology World Awards. For more information on Bloomberg Tax Provision, visit http://onb-tax.com/3cRx50JsAgn.
The Globee® Awards are the world's premier business awards consisting of nine award programs. Bloomberg Tax Provision was awarded the Gold Globee® in the category of IT Products & Services for Finance, Banking, and Insurance.
"We are thrilled Bloomberg Tax Provision has been awarded a Gold Globee® in the 2022 Information Technology World Awards," said Lisa Fitzpatrick, president, Bloomberg Tax. "Bloomberg Tax Provision helps tax professionals work more efficiently and with greater confidence in completing their calculations, making it a key product for finance, banking, and insurance, as well as other industries."
Bloomberg Tax Provision allows tax professionals to accurately forecast and calculate their tax provision, managing risk and reducing time spent on this process by providing a streamlined, controlled environment that leverages a balance sheet approach to comply with U.S. Generally Accepted Accounting Principles (GAAP).
About Bloomberg Tax & Accounting
Bloomberg Tax & Accounting provides practitioner-driven research and technology solutions that deliver timely, strategic insights to enable smarter decisions. From our unparalleled Tax Management Portfolios to technology designed to streamline the most complex planning and compliance scenarios, we deliver essential news and analysis, practical perspectives, and software that help tax and accounting professionals around the globe mitigate risk and maximize business results. For more information, visit Bloomberg Tax.
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SOURCE Bloomberg Tax & Accounting
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https://www.wibw.com/prnewswire/2022/06/08/bloomberg-tax-provision-awarded-gold-globee-17th-annual-2022-information-technology-world-awards/
| 2022-06-08T16:08:18Z
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NEW YORK, Sept. 6, 2022 /PRNewswire/ -- Virgo PR, an independently owned leading PR firm, announced today the launch of an Esports Public Relations division, which will work across core practice areas including corporate, consumer, digital media, and entertainment. With projected revenue nearing $1.8 billion by the end of 2022, the esports industry continues to show signs of significant growth. Virgo PR has worked with the likes of Ready Player Me, Virtex, and similar brands within this space.
As a forward-thinking public relations and marketing company, Virgo PR is regularly ahead of the curve when it comes to marketing trends. The firm works with clients to place them in mainstream news, secure important influencer relationships, and drive brand awareness. The Virgo PR team is committed to building brands and is one of the most effective public relations agencies in the space.
"Esports is a huge global phenomenon, and we see tremendous opportunity to build brands within the esports sector. From traditional media to digital media, all aspects of esports public relations, and marketing, are opportunities in which we expect to thrive. We see the esports market as a very fast-growing industry, and our esports team will offer a unique value to clients within this emerging industry," said Mike Paffmann, CEO of Virgo PR.
For more information please visit, https://virgo-pr.com/.
Virgo PR offers its clients many services to drive growth, engagement, and sales to increase lead generation and conversions. Our team of public relations and marketing professionals supports brands in developing different strategies and campaigns, allowing them to understand their brand and industry better. Virgo PR provides various services that drive knowledge through industry expertise. We execute worldwide integrated campaigns for our clients' brands by playing on the strengths and constraints of any niche.
MEDIA CONTACT:
Mike Paffmann
mikep@virgo-pr.com
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SOURCE Virgo PR
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https://www.wibw.com/prnewswire/2022/09/06/virgo-pr-launches-esports-public-relations-division/
| 2022-09-06T14:38:15Z
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ISLAMABAD (AP) — At least 182 people have been killed and hundreds more injured during a month of heavy flooding from seasonal rains in Afghanistan, according to the United Nations and the ruling Taliban.
Zabihullah Mujahid, Taliban’s spokesman, said Thursday that more than 250 people were injured as the result of the flash flooding, while more than 3,000 houses were either destroyed or damaged. Mujahid said at least 182 people had been killed.
The heaviest death toll occurred between August 16 and August 21, when 63 people were killed in the flash floods. Thirty others are reported missing and more than 8,200 families are affected across 13 provinces, according to the U.N. Office for the Coordination of Humanitarian Affairs.
Recently in eastern Logar province, villagers in the Khushi district had said that the flooding was unprecedented in the area’s history. There, the deluge has wiped out animals, houses and agricultural lands. People have been driven from their homes to find refuge in the mountains.
In northern Parwan province, the flash floods swept away dozens of homes in the three affected districts.
The local weather department has warned that more rains were expected in the coming days in most of Afghanistan’s 34 provinces. Heavy rains and flash floods across the country killed 40 people in July and 19 people the month before.
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https://cw33.com/news/international/ap-international/ap-heavy-rains-set-off-flash-floods-killing-182-in-afghanistan/
| 2022-08-25T19:45:11Z
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BROOMFIELD, Colo., July 4, 2022 /PRNewswire/ -- Gardening can be an incredibly rewarding hobby, and it's one that the whole family can enjoy. However, many people have trouble getting started or don't know how to maximize their garden's potential. To help you with this, here are five quick tips from Backyard Farming Supply (BFS) that will help you get the most out of your gardening time, no matter what type of gardener you are!
A good foundation is the key to any successful garden. Nothing will kill a garden faster than bad soil, so start with the best soil you can find. Through their network of partners, Backyard Farming Supply can help supply you with top-notch dirt. You can also add to your soil with compost, which you can either make yourself using food scraps and a little time, or purchase through the BFS network. This helps enrich your dirt as well as build great nutrient value in the soil. Lastly, feel free to add additional organic soil amendments to provide long-term nutrition.
Before you even start thinking about plants, it's critical that you use water filtration and ionization processes so your water quality is optimized for plant growth. Plants can only absorb as much nutrition from their water and soil as what exists in their environment. If your plants don't have a proper pH balance or sufficient amounts of calcium, phosphorus, and potassium, then they are unlikely to be as healthy or grow at their best. Bottom line: check your water before you get started with planting/growing! The BFS network can provide water filtration/ionization options for everyone from the small gardener to the commercial farmer and everyone in between.
There's a lot that goes into a garden; not just seeds and planting, but also maintenance. Before you get started on your garden, you'll want to have all of your supplies together: tools, fertilizer and other organic products from Backyard Farming Supply. Organic fertilizer products from BFS and the BFS network will ensure a happy and healthy garden throughout your garden's growth periods. Making organic gardening simple and easy is the name of the game!
Oftentimes, it's the simple things in gardening that make the biggest difference. Watering frequency, water consistency and nutrient concentration all play a role in how well your plants grow. Plant roots need oxygen and nutrients to thrive, so when watering your garden you should always keep this in mind. The best way to ensure proper moisture levels is by using irrigation emitters and a good consistent irrigation system. Timing is also an important factor for watering correctly- as plants can't survive without sufficient access to fresh air, soil-based microbes will be unable to thrive if overwatered!
The best way to describe it is like this; you want to do more frequent waterings with less water each time. You want your soil consistency like a moist brownie. It needs to be soft, slightly squishy, yet airy and light. Too much water and it becomes like heavy mud, too little water and it becomes dry and dusty. You want it "just right", somewhere in the middle.
A 5-minute routine can make a big difference in the health of your garden. Think about it - if you spend 5 minutes a day in your garden, that's 25 minutes each week, 150 minutes each month, and 2 hours every year. That's enough time to keep your plants thriving with the right nourishment. The first step is to identify what plants need for their specific growing needs. For example, some plants need lots of water but others might be more drought tolerant so choose accordingly. It's important to understand how much sun is required by different plants which vary depending on climate and geography so adjust accordingly by adding shade cloth or stakes where needed as well as providing a barrier from cold winds at night by layering plantings with taller ones below and shorter ones above.
If you want to learn more tips and tricks like these, come visit the Backyard Farming Supply family to find out how to grow your own organic food! We can help you reduce costs and ensure you have access to the healthiest food for you and your family. If you are curious about organic fertilizers and learning which would be best for your garden, check out backyardfarmingsupply.com. Please follow us on Instagram and Facebook @backyardfarmingtips for helpful fun facts and tips.
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SOURCE Backyard Farming Supply
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https://www.wibw.com/prnewswire/2022/07/05/5-tips-maximize-your-gardens-potential-backyard-farming-supply/
| 2022-07-05T05:19:04Z
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Employee led initiative assists in addressing pressing social issues
KNOXVILLE, Tenn., June 15, 2022 /PRNewswire/ -- GiveSmart by Community Brands employees awarded two organizations addressing pressing social issues with one year of fundraising technology and service at no cost as part of its Community Brands Creates Change program. Employees participated in a three-month process culminating with the selection of Fit Club MKE (Milwaukee, Wis.) and the National Coalition of 100 Black Women Harrisburg Chapter (Harrisburg, Pa.) as this year's recipients.
Both Fit Club MKE and the National Coalition of 100 Black Women Harrisburg Chapter will receive a GiveSmart champion bundle that includes unlimited fundraising campaigns and access to all events and auctions features. Each organization also receives continuous product updates, personalized training, a dedicated customer success manager, and access to an expansive network of non-profit leaders in the GiveSmart Community.
"GiveSmart customers have raised over $5.3 billion through our fundraising platform and Community Brands employees are proud to partner in aiding such a wide variety of missions," said Steve Greanias, GiveSmart General Manager. "Fit Club MKE and the National Coalition of 100 Black Women Harrisburg Chapter exemplify GiveSmart's commitment to the greater good. We are pleased to recognize the work of these organizations and the roles they play in supporting growth of their online and event-based fundraising initiatives."
Fit Club MKE inspires Milwaukee's youth to become the leaders of tomorrow through fitness, financial wellness, and culturally responsive academic programming. Through introducing baseball, with plans to add golf and soccer in the future, to underexposed communities at an early age, participating youth are empowered to succeed emotionally and academically. Fit Club MKE increases representation in these sports while focusing its values on fitness, integrity, collaboration, learning, unity, and bravery.
"Thanks to GiveSmart software, Fit Club MKE will have a more professional approach to appeal to our donors in 2022," said Fit Club MKE founder and executive director Marcellus Dawson. "We are excited to launch our first online fundraising campaign and auction to promote our B-Three (Books, Baseball, and BBQ) event. Proceeds will go toward the youth in our organization and for future events like baseball and golf skills, wellness camps, and providing necessary baseball equipment and books to our underserved youth, along with other program needs."
The National Coalition of 100 Black Women Harrisburg Chapter advocates on behalf of Black women and girls to promote leadership development and gender equity in the areas of health, education, and economic development in Pennsylvania's capital city. Through advocacy, its membership of professional women work as change agents to influence policy and make a difference on critical issues impacting the present and future. The NCBW Inc. Harrisburg Chapter has served over 15,000 women and girls through its programs and engagements and represent a group of women with a shared goal to advocate, empower, and enhance the lives of women with the vision of seeing Black women and girls living in a world where socio-economic inequity does not exist. The National Coalition of 100 Black Women is committed to being a united voice for more than 20 million Black women in the United States.
"GiveSmart fundraising software will be instrumental in breathing new life into our hybrid fundraising efforts by providing innovative ways to increase donations, streamline processes, and build valuable and strong relationships with supporters and donors," said National Coalition of 100 Black Women Harrisburg Chapter President Tiffany Brown. "We are extremely excited to use GiveSmart this year for total event management of our fourth annual fundraiser, A Tribute to Trailblazers Awards Gala. Any ability to maximize donations allows NCBW Inc. Harrisburg Chapter to continue speaking up and standing up for our community of Black women and girls by providing programs and support."
For additional information about the Community Brands Gives Back program please visit https://www.givesmart.com/givesmart-gives-back/.
Community Brands is the leading provider of cloud-based software and payment solutions to associations, nonprofits, and K-12 schools powering organizations to engage the people they serve through programs and events, raise funds to enable their mission, and manage their financial operations. The Community Brands portfolio provides the industry's most complete set of software solutions for nonprofits and K-12 schools of all sizes with purpose-built award-winning solutions. Community Brands' products are bound by a common purpose to serve the organizations that make communities a better place to live. To learn more, visit communitybrands.com or follow on Twitter and LinkedIn.
GiveSmart is a fundraising management system that enables organizations to accelerate fundraising through configurable, mobile-friendly campaigns, peer-to-peer giving, auction and event management, and secure payment processing. Our mission is to help nonprofits and organizations reach their fundraising goals while creating an engaging, exciting, and easy giving experience for their donors. Learn more at www.givesmart.com.
Media contact: David Brauer, Manager, PR & Influencer Marketing -david.brauer@communitybrands.com
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SOURCE Community Brands
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https://www.wibw.com/prnewswire/2022/06/15/community-brands-creates-change-program-awards-givesmart-fundraising-software-milwaukee-harrisburg-pa-organizations/
| 2022-06-15T18:20:12Z
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WASHINGTON, Sept. 12, 2022 /PRNewswire/ -- U.S. Department of Justice (DOJ) Antitrust Division trial lawyer Ryan Sandrock has moved to Shook, Hardy & Bacon as co-chair of the firm's Antitrust Practice, effective September 12, 2022. Expanding Shook's antitrust capabilities, Sandrock will focus on litigation, transactions, investigations, and counseling with a competition or consumer protection nexus.
"Ryan brings a wealth of experience in complex antitrust litigation for technology, consumer and healthcare companies," said Shook Chair Madeleine McDonough. "In addition to his trial strength, he provides a strategic outlook for clients in this increasingly active and important area of law."
For more than two years, Sandrock served as a Digital Markets Trial Attorney in the DOJ's Antitrust Division. His most notable DOJ work included United States v. Google, United States v. UnitedHealth Group, and United States v. United States Sugar Corporation, as well as confidential civil and criminal matters.
Before joining DOJ, Sandrock was an antitrust partner in Sidley Austin's San Francisco office. He secured wins for life sciences and technology clients in antitrust cases in the Northern District of California and around the country. He also litigated FTC consumer protection matters as well as antitrust and non-antitrust consumer class actions.
"Companies are having to think about antitrust more than ever before," said Sandrock. "There is a dramatic increase of enforcement and private litigation and the possibility of antitrust legislation that would overhaul the Sherman Act. I'm really excited to bring my DOJ insight to Shook's team, which is renowned for its reputation in counseling and trial strategy."
Sandrock earned his law degree from the University of Chicago Law School and his A.B. from Harvard University. He is also an adjunct professor at Hastings Law School, where he co-teaches Antitrust and Intellectual Property. He has written for a wide range of publications on antitrust-related topics, including pieces on the direct purchaser rule, refusal to deal standards, and predatory pricing claims.
Shook's Antitrust Practice includes counsel formerly with the Department of Justice and the Federal Trade Commission, among other government agencies. This team is positioned to analyze antitrust issues, advise companies on investigation and enforcement, and develop strategies to protect some of the country's best known brands. Shook attorneys who advocate for clients in this area include Michael Cargnel, Gary Miller, Lynn Murray, Laurie Novion, Patrick Oot and Joseph Rebein. In 2021, the firm also welcomed Elliott Davis, a seven-year veteran of the DOJ, where he served as the principal deputy to the Assistant Attorney General for the Civil Rights Division. Sandrock will divide his time between Shook's San Francisco and Washington, D.C., offices.
"We've known Ryan and his outstanding trial capabilities for many years," said Shook Partner Lynn Murray, who will co-chair Antitrust with Sandrock. "We're delighted to bring him on board to expand our antitrust group and lead us to the next level of antitrust litigation and counseling services for clients."
Founded in 1889, Shook, Hardy & Bacon L.L.P. has 18 offices in the United States and London, with attorneys and professional staff serving clients in the health, science and technology sectors in areas ranging from product liability defense and business litigation to intellectual property prosecution and litigation, environmental and toxic tort, privacy and data security and regulatory counseling.
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| 2022-09-12T15:22:44Z
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THE WOODLANDS, Texas, May 2, 2022 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) today announced first quarter 2022 results.
First quarter 2022 revenue of $130 million was up 68% year on year and up 15% sequentially from the fourth quarter of 2021. Net income before discontinued operations was $7.7 million, including the benefit of $1.1 million of mark-to-market gains from TETRA's equity ownership in CSI Compressco LP and including $564,000 of non-recurring credits, net of charges. This compares to a net loss before discontinued operations of $703,000 in the fourth quarter, including $891,000 of non-recurring charges and expenses. Net income per share from continuing operations was $0.06 in the first quarter compared to a net loss per share from continuing operations in the fourth quarter of $0.01.
Adjusted EBITDA was $20.5 million, inclusive of the mark-to-market gains of $1.1 million and excluding non-recurring credits, net of charges of $564,000. First quarter adjusted EBITDA increased $7.4 million, or 57%, over the fourth quarter of 2021 reflecting stronger onshore and offshore activity and the benefit of higher pricing.
Cash flow from operating activities was $5.9 million in the first quarter of 2022. Adjusted free cash flow from continuing operations was a use of $2.9 million reflecting the strong ramp up of activity in March. Account receivables increased $12.3 million during the quarter reflecting the stronger activity at the end of the quarter.
Brady Murphy, TETRA President and Chief Executive Officer, stated, "We delivered a very strong first quarter which was the highest first quarter adjusted EBITDA in the past five years, excluding TETRA CS Neptune® fluids projects. Our strategy to exit the COVID driven severe industry downturn by emerging stronger than before the pandemic is well ahead of schedule for both of our segments. We are also continuing to make excellent progress with our low carbon energy businesses.
Revenue of $130 million, net income of $7.7 million and adjusted EBITDA of $20.5 million are very comparable to the pre-pandemic first quarter, 2020 period with $133 million of revenue, net loss of $1.6 million and $21.8 million in adjusted EBITDA, but with 14% fewer operating U.S. frac crews, 19% lower U.S. rig count and 23% fewer international rigs. We believe that we are still in the early stages of a multi-year industry growth cycle, yet our business segment results reached levels not seen for several years. Our Eastern Hemisphere region achieved the highest adjusted EBITDA since the second quarter of 2015. Our Water and Flowback adjusted EBITDA margins of 14.5% is the highest since the third quarter of 2019 with the March results being above our full year target of 15.0%. Although our Permian Basin business led the way with first quarter revenue being more than three times the low point of the third quarter of 2020, we are also seeing improved results and good contribution from each of our other regions. Despite allocating a good amount of our 2022 capital investments to our TETRA Sandstorm™ technology, we continue to be sold out with pricing in several regions now approaching pre-pandemic levels. Our focus on produced water treatment and recycling continues to generate good results with four new recycling awards in the first quarter, including our first recycling project for a midstream company. We also were awarded another early production facility in Argentina that is expected to be operational in the first quarter of 2023 on the back of the other two awards we received last year that will come online in the second half of this year.
Our low carbon energy businesses are tracking to plan as we completed the drilling of our Arkansas exploration well and obtained brine fluid samples from multiple Smackover formation zones. We expect to have the bromine and lithium fluid analysis results completed within the coming weeks. We expect that this will allow us to complete an inferred resources study for both the bromine and lithium in our approximate 40,000 gross acre brine leases in Arkansas. We are in the process of bidding to award the work for a preliminary economic assessment ("PEA") to determine the economics of developing the 3,600 net acres for which we hold exclusive brine rights to meet our demand for bromine-based fluids for a growing oil and gas market as well as a rapidly expanding energy storage market. In addition to the bromine, we plan to extract lithium from the same brine feed - which we expect will greatly benefit the financial returns for the project. We continue to ship our high purity zinc bromine solution, TETRA PureFlow® to Eos Energy Enterprises, Inc. ("Eos") under our recently announced strategic partnership. The size of the shipments are expected to increase as Eos expands its production capacity to meet its growing backlog and significant amount of identified opportunities.
Overall I'm very pleased with what our employees were able to deliver in the first quarter and the future we are creating for our company."
This press release includes the following financial measures that are not presented in accordance with generally accepted accounting principles in the United States ("GAAP"): Adjusted income (loss) per share from continuing operations, Adjusted EBITDA, and Adjusted EBITDA Margin (Adjusted EBITDA as a percent of revenue) on consolidated and segment basis, Adjusted income/(loss) from continuing operations, adjusted free cash flow from continuing operations, and net debt. Please see Schedules E through H for reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures.
First Quarter Results and Highlights
A summary of key financial metrics for the first quarter are as follows:
Completion Fluids & Products first quarter 2022 revenue of $73.2 million increased 22% from the fourth quarter of 2021 due to stronger activity in the Gulf of Mexico and international markets, and an increase in industrial chemicals product sales. Completion Fluids & Products income before taxes was $19.3 million in the first quarter (26.4% of revenue) compared to $14.9 million (24.9% of revenue) in the fourth quarter of 2021. Adjusted EBITDA of $19.1 million increased $2.3 million sequentially. Completion Fluids & Products adjusted EBITDA margins were 26.1% in the first quarter compared to 28.1% in the fourth quarter of 2021 which included a $4.6 million gain from the gain of the sale of TETRA's equity ownership in Standard Lithium. Excluding the realized and unrealized mark-to-market gains, adjusted EBITDA margins improved sequentially by 580 basis points. First quarter adjusted EBITDA, excluding TETRA CS Neptune® fluids sales and mark-to-market gains, was the highest since the first quarter of 2020. Our North American industrial chemicals business had an outstanding first quarter achieving the highest adjusted EBITDA since the first quarter of 2017. Our Northern European industrial calcium chloride business was negatively impacted from inflationary pressures for certain raw materials due to the global shipping constraints and geopolitical events.
Water & Flowback Services revenue was $56.8 million in the first quarter of 2022, an increase of 7% from the fourth quarter of 2021, and income before taxes was $2.7 million. Adjusted EBITDA of $8.2 million (14.5% of revenue) increased 19% sequentially and over nine times from the first quarter of 2021 due to higher overall customer activity in the North America onshore business combined with some pricing improvements. Adjusted EBITDA margins improved from 12.9% in the fourth quarter of 2021 to 14.5% in the first quarter of 2022 - a sequential improvement of 160 basis points. We exited the quarter with adjusted EBITDA margins over 15% as pricing for our Unites States onshore land business has improved as activity continues to recover.
Free Cash Flow and Balance Sheet
Cash from operating activities was $5.9 million in the first quarter while adjusted free cash flow from continuing operations was a use of $2.9 million due to the ramp up of accounts receivables reflecting the higher quarter-end activity levels. Liquidity at the end of the first quarter was $95 million, an improvement of $28 million from the fourth quarter of 2021 driven by a higher borrowing base. Liquidity is defined as unrestricted cash plus availability under our revolving credit facilities. At the end of the first quarter unrestricted cash was $33 million and availability under our credit agreements was $62 million. Debt was $154 million, while net debt was $121 million. TETRA's net leverage ratio continued to improve and was at 2.1X at the end of the first quarter of 2022 – the best since the second quarter of 2018 – and reflects the recent term loan payments and improving adjusted EBITDA.
Non-recurring Charges and Expenses Items
Non-recurring credits and expenses are reflected on Schedule E and include a $3.8 million insurance settlement received during the first quarter, $1.9 million of costs associated with the exploratory brine well and $1.3 million of cumulative adjustments to long-term incentives and appreciation right expenses.
Conference Call
TETRA will host a conference call to discuss these results tomorrow, May 3, at 10:30 a.m. Eastern Time. The phone number for the call is 1-888-347-5303. The conference call will also be available by live audio webcast and may be accessed through the Company's investor relations website at http://ir.tetratec.com/events-and-webcasts. A replay of the conference call will be available at 1-877-344-7529 conference number 4381016, for one week following the conference call and the archived webcast will be available through the Company's website for thirty days following the conference call.
Investor Contact
For further information: Elijio Serrano, CFO, TETRA Technologies, Inc., The Woodlands, Texas, Phone: (281) 367-1983, www.tetratec.com
Financial Statements, Schedules and Non-GAAP Reconciliation Schedules (Unaudited)
Schedule A: Consolidated Income Statement
Schedule B: Condensed Consolidated Balance Sheet
Schedule C: Consolidated Statements of Cash Flows
Schedule D: Statement Regarding Use of Non-GAAP Financial Measures
Schedule E: Non-GAAP Reconciliation of Adjusted Income (Loss) From Continuing Operations
Schedule F: Non-GAAP Reconciliation of Adjusted EBITDA
Schedule G: Non-GAAP Reconciliation of Net Debt
Schedule H: Non-GAAP Reconciliation to Adjusted Free Cash Flow From Continuing Operations
Schedule I: Non-GAAP Reconciliation to Net Leverage Ratio
Company Overview
TETRA Technologies, Inc. is an industrial and oil & gas products and services company operating on six continents focused on bromine-based completion fluids, calcium chloride, water management solutions, frac flowback and production well testing services. Calcium chloride is used in the oil and gas, industrial, agricultural, road, food and beverage markets. TETRA is evolving its business model by expanding into the low carbon energy markets with its chemistry expertise, key mineral acreage and global infrastructure. Recently announced initiatives include commercialization of TETRA PureFlow® an ultra-pure zinc bromide for stationary batteries and energy storage; advancing an innovative carbon capture utilization and storage technology with CarbonFree to capture CO2 and mineralize emissions to make commercial, carbon-negative chemicals; and development of TETRA's lithium and bromine mineral acreage to meet the growing demand for oil and gas products and energy storage. Visit the Company's website at www.tetratec.com.
Cautionary Statement Regarding Forward Looking Statements
This news release includes certain statements that are deemed to be forward-looking statements. Generally, the use of words such as "may," "see," "expectation," "expect," "intend," "estimate," "projects," "anticipate," "believe," "assume," "could," "should," "plans," "targets" or similar expressions that convey the uncertainty of future events, activities, expectations or outcomes identify forward-looking statements that the Company intends to be included within the safe harbor protections provided by the federal securities laws. These forward-looking statements include statements concerning economic and operating conditions that are outside of our control, including statements concerning recovery of the oil and gas industry; customer delays for international completion fluids related to global shipping and logistics issues; potential revenue associated with prospective energy storage projects or our pending carbon capture partnership; exploration targets of lithium and bromine, the potential extraction of lithium and bromine from the leased acreage, the economic viability thereof, and the timing and costs of such activities; the ability to obtain an inferred resource report and preliminary economic assessment regarding our lithium and bromine acreage; statements regarding debt reduction, projections concerning the Company's business activities, financial guidance, estimated earnings, earnings per share, and statements regarding the Company's beliefs, expectations, plans, goals, future events and performance, and other statements that are not purely historical. The potential quantity and grade of the exploration targets included in this news release are conceptual in nature, there has been insufficient exploration to estimate a mineral resource, and it is uncertain if further exploration will result in the estimation of a mineral resource. The exploration targets expressed should not be misrepresented or misconstrued as an estimate of a mineral resource or mineral reserve. These forward-looking statements are based on certain assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of risks and uncertainties, many of which are beyond the control of the Company. Investors are cautioned that any such statements are not guarantees of future performances or results and that actual results or developments may differ materially from those projected in the forward-looking statements. Some of the factors that could affect actual results are described in the section titled "Risk Factors" contained in the Company's Annual Reports on Form 10-K, as well as other risks identified from time to time in its reports on Form 10-Q and Form 8-K filed with the Securities and Exchange Commission.
Schedule D: Statement Regarding Use of Non-GAAP Financial Measures
In addition to financial results determined in accordance with U.S. GAAP, this press release may include the following non-GAAP financial measures for the Company: adjusted income (loss) per share from continuing operations; consolidated and segment adjusted EBITDA; segment adjusted EBITDA as a percent of revenue ("Adjusted EBITDA margin"); adjusted income (loss) from continuing operations, adjusted free cash flow from continuing operations; net debt, and net leverage ratio. The following schedules provide reconciliations of these non-GAAP financial measures to their most directly comparable U.S. GAAP measures. The non-GAAP financial measures should be considered in addition to, not as a substitute for, financial measures prepared in accordance with U.S. GAAP, as more fully discussed in the Company's financial statements and filings with the Securities and Exchange Commission.
Management believes that the exclusion of the special charges from the historical results of operations enables management to evaluate more effectively the Company's operations over the prior periods and to identify operating trends that could be obscured by the excluded items.
Adjusted income (loss) from continuing operations is defined as the Company's income (loss) before noncontrolling interests and discontinued operations, excluding certain special or other charges (or credits), and including noncontrolling interest attributable to continued operations. Adjusted income (loss) from continuing operations is used by management as a supplemental financial measure to assess financial performance, without regard to charges or credits that are considered by management to be outside of its normal operations.
Adjusted earnings (loss) per share from continuing operations is defined as the Company's diluted earnings (loss) per share excluding certain special or other charges (or credits), discontinued operations and noncontrolling interest attributable to discontinued operations. Adjusted diluted earnings (loss) per share is used by management as a supplemental financial measure to assess financial performance, without regard to charges or credits that are considered by management to be outside of its normal operations.
Adjusted EBITDA (and adjusted EBITDA as a percent of revenue) is defined as earnings before interest, taxes, depreciation, amortization, impairments and certain non-cash charges, non-recurring adjustments and discontinued operations. Adjusted EBITDA (and adjusted EBITDA margin) is used by management as a supplemental financial measure to assess the financial performance of the Company's assets, without regard to financing methods, capital structure or historical cost basis and to assess the Company's ability to incur and service debt and fund capital expenditures.
Adjusted free cash flow from continuing operations is defined as cash from operations less discontinued operations EBITDA and discontinued operations capital expenditures, less capital expenditures net of sales proceeds and cost of equipment sold and including cash distributions to TETRA from CSI Compressco and cash from other investments. Management uses this supplemental financial measure to:
- assess the Company's ability to retire debt;
- evaluate the capacity of the Company to further invest and grow; and
- to measure the performance of the Company as compared to its peer group.
Net debt is defined as the sum of the carrying value of long-term and short-term debt on its consolidated balance sheet, less cash, excluding restricted cash on the balance sheet. Management views net debt as a measure of TETRA's ability to reduce debt, add to cash balances, pay dividends, repurchase stock, and fund investing and financing activities.
Net leverage ratio is defined as debt excluding financing fees & discount on term loan and including letters of credit & guarantees, less cash divided by trailing twelve months adjusted EBITDA for credit facilities. Adjusted EBITDA for credit facilities consists of adjusted EBITDA described above, plus equity compensation expense, less non-cash (gain) loss on sale of investments, (gain) loss on sales of assets and excluding certain special or other charges (or credits). Management primarily uses this metric to assess TETRA's ability to borrow, reduce debt, add to cash balances, pay distributions, and fund investing and financing activities.
Schedule G: Non-GAAP Reconciliation of Net Debt (Unaudited)
The following reconciliation of net debt is presented as a supplement to financial results prepared in accordance with GAAP.
Schedule H: Non-GAAP Reconciliation to Adjusted Free Cash Flow From Continuing Operations (Unaudited)
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https://www.wibw.com/prnewswire/2022/05/02/tetra-technologies-inc-announces-first-quarter-2022-financial-results-with-eps-006-net-income-77-million-adjusted-ebitda-205-million/
| 2022-05-02T22:37:44Z
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Worldwide leader in high-volume hiring ranks as one of the top venture-backed startups with the potential to reach a billion-dollar valuation
SAN FRANCISCO, Aug. 23, 2022 /PRNewswire/ -- Fountain, the world's leading all-in-one applicant tracking system for high volume hiring, today announced it was named to the 2022 Forbes' Next Billion-Dollar Startups list, published by Forbes in partnership with TrueBridge Capital and Fidelity Investments.
Fountain was one of only 25 startups selected from hundreds of applicants for its ambitious, steady business success, helping major brands like Stitch Fix, Sweetgreen and Deliveroo find, hire and retain the people they need for open roles.
"Being selected as one of the 2022 Forbes' Next Billion Dollar Startups is a confirmation of the team's hard work and commitment to making the global hiring process smarter, faster and simpler through our innovative platform," said Sean Behr, CEO of Fountain. "Our products drive growth by enabling businesses to streamline hiring processes, automate qualification verification and optimize hiring managers' time, which in turn creates more opportunities for success. It's an honor to be included on this year's list."
The distinguished award is given to 25 companies that are selected by a group of TrueBridge Capital analysts. The analysts factor in valuation, revenue, user/customer count, employee headcount, etc. before determining the final listing.
As one of the nation's fastest-growing private companies, Fountain has proven its long-term growth and continues to exceed expectations. Over the past year, Fountain raised $185 million in funding in a round led by B Capital and launched an international expansion of its services, helping companies automate and optimize where and how they spend their sourcing dollars. In addition, the company brought on several new executives, including COO Joyce Chan and CTO Matt Tucker, to scale and innovate their products for customers.
Fountain is the market leader in high volume hiring because its solutions enable customers to get ahead of their hiring goals. Fountain's all-in-one platform enables companies to find qualified candidates and move them from application to onboarding quicker, reducing time to hire from weeks to days—or even hours. By simplifying the screening, interviewing and hiring experience, Fountain's solutions keep applicants happy while ensuring organizations have pipelines full of hourly talent that are ready to work. Hundreds of customers use Fountain's solutions to hire over 3 million workers annually in more than 75 countries. Learn more on Fountain's website or connect via Twitter, LinkedIn or the Fountain blog.
Forbes champions success by celebrating those who have made it, and those who aspire to make it. Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. The Forbes brand today reaches more than 150 million people worldwide through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 47 licensed local editions in 80 countries. Forbes Media's brand extensions include real estate, education and financial services license agreements.
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https://www.kxii.com/prnewswire/2022/08/23/fountain-named-forbes-next-billion-dollar-startups-list-2022/
| 2022-08-23T19:48:10Z
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Massive Anime Fan Experience Includes THE GUNDAM BASE LOS ANGELES POP-UP, Franchise Showcases, Product Premieres, Exclusive Collectibles, Photo Ops, and Giveaways Plus Team Kamen Rider Showcase with Meet-Up, Guest Panel & Special Screening
ANAHEIM, Calif., June 29, 2022 /PRNewswire/ -- Bandai Namco Toys & Collectibles America ("BNTCA") is set to make U.S. anime industry history this July when it presents the largest-ever location-based entertainment experience at Anime Expo 2022. At this year's convention, BNTCA will offer a massive, immersive experience that not only cuts across the company's product portfolio but also features a collection of its top licensed properties. Fans can look forward to an array of experiences from BNTCA that ranges from special exhibits, displays, statues and life-sized photo ops to dioramas, souvenirs and event exclusives and more. In total BNTCA's location-based entertainment experience at Anime Expo 2022 spans over 10,000 square feet of exhibit space and encompasses five different booths (2602, 2406, 2606, 2211 and E6). BNTCA's showcase will include popular product brands such as Tamashii Nations, MegaHouse, Shokugan and fan-favorite franchises like One Piece, Gundam, Dragon Ball and Digimon. In addition, BNTCA will host a Team Kamen Rider showcase that includes a meet-up and guest panel as well as special screening of the new TV series "Fuuto PI." Attendees are invited to visit any and all of BNTCA's booths daily during regular show hours throughout Anime Expo 2022.
Details of BNTCA's Anime Expo 2022 line-up including promotional offers are as follow:
One Piece U.S.A. Tour | Booth 2602 – Exhibit Hall
- Launch Premiere of One Piece U.S.A. Tour, a multi-city tour celebrating the world of One Piece includes interactive experiences, displays and exhibits including over 60 products from Tamashii Nations, Bandai Hobby, MegaHouse and Banpresto.
- Event Exclusives. Select from this collection of event exclusives available for purchase:
- Online Exclusives. A collection of One Piece exclusives available on the Tamashii Web Shop:
- Products Available. Other products available for purchase include:
- Free Souvenirs. A variety of souvenirs will be offered including fan, badge ribbon, bandana, paper straw hat, Portrait of a Pirate MegaHouse booklet and "One Piece Film Red" bag while supplies last
THE GUNDAM BASE LOS ANGELES POP-UP | Booth 2406 – Exhibit Hall
- Special edition of THE GUNDAM BASE POP-UP Experience that brings THE GUNDAM BASE concept direct to fans and recreates elements from THE GUNDAM BASE Japan or in Japan.
- Event Exclusives. Select from over 100 model kits, including both event exclusives and THE GUNDAM BASE exclusives, available for purchase.
- Promotional Offer. Receive one of three different gifts with purchase while supplies last:
- Free Souvenir. Receive a limited edition THE GUNDAM BASE LOS ANGELES POP-UP sticker for completing a survey while supplies last.
- Ultimate Gundam Giveaway. Multiple winners will receive amazing Gundam prizes from Bandai Hobby, Tamashii Nations, MegaHouse and more! Visit the Contest Page for details.
Digimon & Kamen Rider Booth | Booth 2211 – Exhibit Hall
- From Digimon
- Digimon Devices (Digimon and X)
- Digimon NXEDGE Style
- Digimon Adventure Digicolle Mix
- From Kamen Rider
Tamashii Nations / MegaHouse / Shokugan Booth
- Curated Product Showcase from BNTCA brands Tamashii Nations, MegaHouse and Shokugan featuring such fan-favorite franchises as Dragon Ball, Demon Slayer, Naruto, Jujutsu Kaisen, Evangelion, Animal Crossing, Macross, Ultraman and more.
- From Tamashii Nations
- From MegaHouse and Shokugan
- Buy 2 trading figures and get 10% off
- Buy 4 trading figures and get 15% off
- Buy 6 trading figures and get 20% off
- Buy 10 trading figures and get 30% off
Team Kamen Rider Showcase
- Team Kamen Rider Meet-Up. Connect with team members before the panel.
Booth 2211 | Saturday, July 2 at 2:00pm - Panel: Kamen Rider – What's Next in the U.S. Hear about what's happening next with the Kamen Rider franchise in the U.S. with hosts Team Kamen Rider and BNTC and guest panelists: Director Yousuke Kabashima ("Fuuto PI"), Writer Brandon Easton ("Transformers: War for Cybertron"), plus Crunchyroll and Shout! Factory.
Room 403AB | Saturday, July 2 at 7:30pm - Special Screening of "Fuuto PI." Watch a special screening of the new anime series "Fuuto PI." Room 403AB | Saturday, July 2 immediately after the panel.
Follow BNTCA on Facebook, Twitter and Instagram for the latest news and information.
Bandai Namco Toys & Collectibles America Inc. is a leader in developing engaging, quality toys that capture children's and collector's imaginative spirit and provide endless "Fun For All into the Future." Bandai Namco Toys & Collectibles America is the manufacturer and master toy licensee of some of the most popular brands in collectibles, children's toys and entertainment today, including Gundam, Tamagotchi®, Dragon Ball®, Vital Hero, Anime Heroes®, Tamashii Nations®, Bandai Hobby and MegaHouse. BNTCA is proud to be the official distributor in the US for Storm Collectibles, Flame Toys, nanoblock®, and official Studio Ghibli merchandise. For more information, visit bandai.com.
All other trademarks are the property of their respective owners.
Bandai logo: TM & © 2022 Bandai Namco
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| 2022-06-29T21:26:27Z
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LOS ANGELES, June 21, 2022 /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against Oscar Health, Inc. ("Oscar" or the "Company") (NYSE: OSCR).
Class Period: March 2021 IPO
Lead Plaintiff Deadline: July 11, 2022
If you are a shareholder who suffered a loss, click here to participate.
The complaint filed alleges that the Registration Statement was materially false and misleading and omitted to state: (1) that Oscar was experiencing growing COVID-19 testing and treatment costs; (2) that Oscar was experiencing growing net COVID costs; (3) that Oscar would be negatively impacted by an unfavorable prior year Risk Adjustment Data Validation (RADV) result relating to 2019 and 2020; (4) that Oscar was on track to be negatively impacted by significant SEP membership growth; and (5) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Follow us for updates on Twitter: twitter.com/FRC_LAW.
To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
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https://www.mysuncoast.com/prnewswire/2022/06/21/oscr-investors-have-opportunity-lead-oscar-health-inc-securities-fraud-lawsuit/
| 2022-06-21T17:56:39Z
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James Caan, Oscar nominee for ‘The Godfather,’ dies at 82
(AP) - James Caan, the curly-haired tough guy known to movie fans as the hotheaded Sonny Corleone of “The Godfather” and to television audiences as both the dying football player in the classic weeper “Brian’s Song” and the casino boss in “Las Vegas,” has died. He was 82.
His manager Matt DelPiano said he died on Wednesday. No cause was given and Caan’s family, who requests privacy, said that no further details would be released at this time.
“Jimmy was one of the greatest. Not only was he one of the best actors our business has ever seen, he was funny, loyal, caring and beloved,” DelPiano said. “Our relationship was always friendship before business. I will miss him dearly and am proud to have worked with him all these years.”
Rob Reiner, who directed Caan in “Misery” tweeted, “I loved working with him. And the only Jew I knew who could calf rope with the best of them.”
A football player at Michigan State University and a practical joker on production sets, Caan was a grinning, handsome performer with an athlete’s swagger and muscular build. He managed a long career despite drug problems, outbursts of temper and minor brushes with the law.
Caan had been a favorite of Francis Ford Coppola since the 1960s, when Coppola cast him for the lead in “Rain People.” He was primed for a featured role in “The Godfather” as Sonny, the No. 1 enforcer and eldest son of Mafia boss Vito Corleone.
Sonny Corleone, a violent and reckless man who conducted many killings, met his own end in one of the most jarring movie scenes in history. On his way to another job, Corleone stops at a toll booth that he discovers is unnervingly empty of customers. Before he can escape he is cut down by a seemingly endless fusillade of machine-gun fire. For decades after, he once said, strangers would approach him on the street and jokingly warn him to stay clear of toll roads.
Caan bonded with Brando, Robert Duvall and other cast members and made it a point to get everyone laughing during an otherwise tense production, sometimes dropping his pants and “mooning” a fellow actor or crew member. Despite Coppola’s fears he had made a flop, the 1972 release was an enormous critical and commercial success and brought supporting actor Oscar nominations for Caan, Duvall and Al Pacino.
Caan was already a star on television, breaking through in the 1971 TV movie “Brian’s Song,” an emotional drama about Chicago Bears running back Brian Piccolo, who had died of cancer the year before at age 26. It was among the most popular and wrenching TV movies in history and Caan and co-star Billy Dee Williams, who played Piccolo’s teammate and best friend Gale Sayers, were nominated for best actor Emmys.
After “Brian’s Song” and “The Godfather,” he was one of Hollywood’s busiest actors, appearing in “Hide in Plain Sight” (which he also directed), “Funny Lady” (opposite Barbra Streisand), “The Killer Elite” and Neil Simon’s “Chapter Two,” among others. He also made a brief appearance in a flashback sequence in “The Godfather, Part II.”
But by the early 1980s he began to sour on films, though Michael Mann’s 1981 neo-noir heist film “Thief,” in which he played a professional safecracker looking for a way out, is among his most admired films.
“The fun of it was taken away,” he told an interviewer in 1981. “I’ve done pictures where I’d rather do time. I just walked out of a picture at Paramount. I said you haven’t got enough money to make me go to work every day with a director I don’t like.”
He had begun to struggle with drug use and was devastated by the 1981 leukemia death of his sister, Barbara, who until then had been a guiding force in his career. For much of the 1980s he made no films, telling people he preferred to coach his son Scott’s Little League games.
Short on cash, Caan was hired by Coppola for the leading role in the 1987 film “Gardens of Stone.” The movie, about life at Arlington National Cemetery, proved too grim for most audiences, but it renewed Caan’s acting career.
He returned to full-fledged stardom opposite Kathy Bates in “Misery” in 1990. In the film, based on Stephen King’s novel, Caan is an author taken captive by an obsessed fan who breaks his ankles to keep him from leaving. Bates won an Oscar for the role.
Once again in demand, Caan starred in “For the Boys” with Bette Midler in 1991 as part of a song-and-dance team entertaining U.S. soldiers during World War II and the Korean and Vietnam wars. The following year he played a tongue-in-cheek version of Sonny Corleone in the comedy “Honeymoon in Vegas,” tricking Nicolas Cage into betting his girlfriend, Sarah Jessica Parker, in a high-stakes poker game so he can spirit her away and try to persuade her to marry him.
Other later films included “Flesh and Bone,” “Bottle Rocket” and “Mickey Blue Eyes.” He introduced himself to a new generation playing Walter, the workaholic, stone-faced father of Buddy’s Will Ferrell in “Elf.”
Born March 26, 1939, in New York City, Caan was the son of a kosher meat wholesaler. He was a star athlete and class president at Rhodes High School and, after attending Michigan State and Hofstra University, he studied at the Neighborhood Playhouse School of the Theater under Sanford Meisner.
Following a brief stage career, he moved to Hollywood. He made his movie debut in a brief uncredited role in 1963 in Billy Wilder’s “Irma La Douche,” then landed a role as young thug who terrorizes Olivia de Havilland in “Lady in a Cage.” He also appeared opposite John Wayne and Robert Mitchum in the 1966 Western “El Dorado” and Harrison Ford in the 1968 Western “Journey to Shiloh.”
Married and divorced four times, Caan had a daughter, Tara, and sons Scott, Alexander, James and Jacob.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.mysuncoast.com/2022/07/07/actor-james-caan-dies-82/
| 2022-07-07T18:34:05Z
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CUJO AI wins in the Cybersecurity Artificial Intelligence category in the 10th annual Global InfoSec Awards at the RSA Conference 2022.
LOS ANGELES, June 6, 2022 /PRNewswire/ -- CUJO AI, a global leader in cybersecurity and network intelligence solutions for Internet Service Providers (ISPs), today announced that it has won the Cybersecurity Artificial Intelligence category at the Global InfoSec Awards 2022, presented at the RSA Conference.
The annual Global InfoSec awards, organized by the Cyber Defense Magazine, recognize organizations at the cutting edge of the cybersecurity industry. These awards honor individuals and companies that demonstrate excellence, innovation, and leadership in security products and services.
"CUJO AI embodies three major features we judges look for to become winners: understanding tomorrow's threats, today, providing a cost-effective solution and innovating in unexpected ways that can help mitigate cyber risk and get one step ahead of the next breach," said Gary S. Miliefsky, Publisher of Cyber Defense Magazine.
CUJO AI Digital Life Protection Platform is based on a core set of technologies that leverage AI and ML analysis for real-time detection of known and previously unknown threats. Instead of relying solely on a library of existing attack pattern signatures, CUJO AI actively learns from network traffic and device behavior to block ever-evolving threat vectors.
"We're thrilled to receive one of the most prestigious and coveted cybersecurity awards from Cyber Defense Magazine. We knew the competition would be tough, and with top judges who are leading infosec experts from around the globe, we couldn't be more pleased. This award provides further validation of our unique offering and underlying technology," says Remko Vos, CEO, CUJO AI.
Last year, CUJO AI won the Cutting Edge in Cybersecurity Internet of Things (IoT) award. To see the full list of this year's winners, visit www.cyberdefenseawards.com.
CUJO AI elevates Internet Service Providers' ability to understand, serve & protect their customers with advanced cybersecurity and granular network & device intelligence. Deployed in tens of millions of homes and covering almost 2 billion connected devices, CUJO AI's advanced AI algorithms help clients uncover previously unavailable insights to raise the bar on customer experience & retention with new value propositions and superior operational services. Fully compliant with all privacy regulations, CUJO AI services are trusted by the largest broadband operators around the world, including Comcast and Charter Communications.
CONTACT: Viktorija Vilke, viktorija@cujo.com, 37060554488
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https://www.kxii.com/prnewswire/2022/06/06/cujo-ai-named-winner-global-infosec-awards-during-rsa-conference-2022/
| 2022-06-06T17:26:01Z
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BROOMFIELD, Colo., July 4, 2022 /PRNewswire/ -- Gardening can be an incredibly rewarding hobby, and it's one that the whole family can enjoy. However, many people have trouble getting started or don't know how to maximize their garden's potential. To help you with this, here are five quick tips from Backyard Farming Supply (BFS) that will help you get the most out of your gardening time, no matter what type of gardener you are!
A good foundation is the key to any successful garden. Nothing will kill a garden faster than bad soil, so start with the best soil you can find. Through their network of partners, Backyard Farming Supply can help supply you with top-notch dirt. You can also add to your soil with compost, which you can either make yourself using food scraps and a little time, or purchase through the BFS network. This helps enrich your dirt as well as build great nutrient value in the soil. Lastly, feel free to add additional organic soil amendments to provide long-term nutrition.
Before you even start thinking about plants, it's critical that you use water filtration and ionization processes so your water quality is optimized for plant growth. Plants can only absorb as much nutrition from their water and soil as what exists in their environment. If your plants don't have a proper pH balance or sufficient amounts of calcium, phosphorus, and potassium, then they are unlikely to be as healthy or grow at their best. Bottom line: check your water before you get started with planting/growing! The BFS network can provide water filtration/ionization options for everyone from the small gardener to the commercial farmer and everyone in between.
There's a lot that goes into a garden; not just seeds and planting, but also maintenance. Before you get started on your garden, you'll want to have all of your supplies together: tools, fertilizer and other organic products from Backyard Farming Supply. Organic fertilizer products from BFS and the BFS network will ensure a happy and healthy garden throughout your garden's growth periods. Making organic gardening simple and easy is the name of the game!
Oftentimes, it's the simple things in gardening that make the biggest difference. Watering frequency, water consistency and nutrient concentration all play a role in how well your plants grow. Plant roots need oxygen and nutrients to thrive, so when watering your garden you should always keep this in mind. The best way to ensure proper moisture levels is by using irrigation emitters and a good consistent irrigation system. Timing is also an important factor for watering correctly- as plants can't survive without sufficient access to fresh air, soil-based microbes will be unable to thrive if overwatered!
The best way to describe it is like this; you want to do more frequent waterings with less water each time. You want your soil consistency like a moist brownie. It needs to be soft, slightly squishy, yet airy and light. Too much water and it becomes like heavy mud, too little water and it becomes dry and dusty. You want it "just right", somewhere in the middle.
A 5-minute routine can make a big difference in the health of your garden. Think about it - if you spend 5 minutes a day in your garden, that's 25 minutes each week, 150 minutes each month, and 2 hours every year. That's enough time to keep your plants thriving with the right nourishment. The first step is to identify what plants need for their specific growing needs. For example, some plants need lots of water but others might be more drought tolerant so choose accordingly. It's important to understand how much sun is required by different plants which vary depending on climate and geography so adjust accordingly by adding shade cloth or stakes where needed as well as providing a barrier from cold winds at night by layering plantings with taller ones below and shorter ones above.
If you want to learn more tips and tricks like these, come visit the Backyard Farming Supply family to find out how to grow your own organic food! We can help you reduce costs and ensure you have access to the healthiest food for you and your family. If you are curious about organic fertilizers and learning which would be best for your garden, check out backyardfarmingsupply.com. Please follow us on Instagram and Facebook @backyardfarmingtips for helpful fun facts and tips.
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https://www.kxii.com/prnewswire/2022/07/05/5-tips-maximize-your-gardens-potential-backyard-farming-supply/
| 2022-07-05T05:26:16Z
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CHICAGO, July 13, 2022 /PRNewswire/ -- Just in time for the peak of wedding season, CD One Price Cleaners have begun to offer wedding dress preservation as a new service at its 35 stores across Chicagoland.
In 2020, nearly half of couples (47%) across the nation postponed their wedding receptions to a later date, creating a boom of 2.6 million weddings projected for 2022. In Chicago, weddings are expected to top 55K in 2022, a sizeable increase from 44K in 2021, according to The Wedding Report.
Jonathon Reckles, CD One's Vice President of Marketing, says the company expects a significant increase in dry cleaning formal clothes.
"The postponement of formal events and everyone's desire to be back together is creating a perfect storm of formal clothes cleaning requests, and we're still early in the wedding season," Reckles said. "To further capitalize on the sector growth and help meet our customer's growing needs, we have launched wedding gown preservation as a new service effective immediately."
Since opening its first store 20 years ago in Lincolnwood, IL, CD One Price Cleaners has established a leading market presence throughout Chicago with its unique, one-price model. And this new wedding dress preservation service will be no different, priced at a competitive, flat rate of $199.
Due to the delicate nature of wedding dresses, the garments must undergo a stringent process to be cleaned and preserved for years to come. Failing to clean and preserve a wedding dress can cause yellowing of the fabric, oxidation, mold and mildew, and permanent fabric damage over time.
Others across the industry are also taking notice of CD One's rigorous process and trusted service. CD One is now Chicago Style Weddings' exclusive, recommended wedding gown and dress preservation vendor.
Based in Westchester, IL, a western suburb of Chicago, CD One Price Cleaners currently operates 35 locally owned and operated franchise locations throughout the Chicago market, including its newest store opening in Frankfort, IL, in 2021. The company operates a total of 37 stores in four states. Follow CD One Price Cleaners on Facebook, Instagram, and TikTok, or visit www.cdonepricecleaners.com.
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SOURCE CD One Price Cleaners
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https://www.wibw.com/prnewswire/2022/07/13/cd-one-price-cleaners-begins-offering-wedding-dress-preservation-exclusive-vendor-chicago-style-weddings/
| 2022-07-13T10:59:53Z
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ROCKVILLE, Md., Aug. 22, 2022 /PRNewswire/ -- The National Institute of Allergy and Infectious Disease (NIAID) awarded a $6.9 million grant to researchers at the Institute for Bioscience and Biotechnology Research (IBBR) to design a vaccine to combat the virus that causes Hepatitis C, an illness that affects an estimated 71 million people worldwide. Hepatitis C Virus (HCV) puts people at heightened risk for severe liver disease, including fibrosis, cirrhosis, and hepatocellular carcinoma (liver cancer). Although treatments are available, an HCV vaccine currently does not exist to help prevent infections and reduce the global burden of the disease.
This 5-year award will support a multi-disciplinary research team based at IBBR, a joint research enterprise between the University of Maryland, College Park (UMCP), the University of Maryland, Baltimore (UMB), and the National Institute of Standards and Technology (NIST) dedicated to transformative discoveries in the field of bioscience and biotechnology. The researchers aim to design a vaccine to induce broadly neutralizing antibodies and long-term memory T cell responses that will help prevent HCV infection. This recent award is a follow-on to a $6 million grant awarded to the IBBR research team in 2017 based on their significant progress in the field.
"The vaccine development team that was assembled at IBBR to take on this challenge has done a fantastic job over the past six years in moving this groundbreaking research program forward," said Thomas Fuerst, program director, IBBR Fellow and Professor of Cell Biology and Molecular Genetics at UMCP. "This new grant allows us to keep building upon that success and to hopefully realize our ultimate goal of making a vaccine against HCV available to the public."
"IBBR's mission is to harness the latest developments in science and engineering to provide solutions to complex medical and public health needs around the world," said Jennifer King Rice, Senior Vice President and Provost at UMCP. "This project is a wonderful example of the exciting and transformative research that is possible when we combine the world-leading expertise of faculty from both the College Park and Baltimore campuses."
The vaccine development team includes IBBR researchers from the Department of Cell Biology and Molecular Genetics at UMCP, the School of Medicine at UMB, as well Princeton University. In addition to Thomas Fuerst, principal investigators include Brian Pierce, IBBR Fellow and Assistant Professor at UMCP; Roy Mariuzza, IBBR Fellow and Professor at UMCP; Gilad Ofek, IBBR Fellow and Assistant Professor at UMCP; Alexander Andrianov, IBBR Fellow and Research Professor; Nevil Singh, Assistant Professor, University of Maryland School of Medicine Department of Microbiology and Immunology; and Alexander Ploss, Associate Professor of Molecular Biology at Princeton University. Eric Toth, IBBR Fellow and Assistant Research Professor also serves as a co-Investigator and Yunus Abdul, IBBR Research Scientist will assist with animal studies.
IBBR is a joint research enterprise of the University of Maryland, College Park, the University of Maryland, Baltimore, and the National Institute of Standards and Technology (NIST). IBBR brings together critical elements necessary to inspire transformative discoveries in the field of bioscience and biotechnology and provides innovative solutions to major scientific and engineering challenges important to society. IBBR researchers seek to advance the fields of biomedical research, therapeutic development, biomedical manufacturing, and state-of-the-art measurement technologies, to support accelerated delivery of safe and effective medicines to the public. IBBR is financially supported in part by the University of Maryland Strategic Partnership: MPowering the State, an initiative designed to achieve innovation and impact through collaboration.
For more information, contact:
Nicole Tenly
Institute for Bioscience and Biotechnology Research
University of Maryland
9600 Gudelsky Drive | Rockville, MD | 20850
tenlyn@umd.edu | 240.314.6209
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SOURCE Institute for Bioscience and Biotechnology Research
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https://www.mysuncoast.com/prnewswire/2022/08/22/institute-bioscience-biotechnology-research-awarded-69m-design-test-vaccine-combat-hepatitis-c/
| 2022-08-22T18:49:05Z
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HOUSTON, June 9, 2022 /PRNewswire/ -- Callon Petroleum Company (NYSE: CPE) ("Callon" or the "Company") announced today that it has priced $600 million aggregate principal amount of its 7.500% senior unsecured notes due 2030 (the "notes") in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"). The sale of the notes is expected to close on June 24, 2022, subject to customary closing conditions.
On June 9, 2022, the Company delivered a redemption notice with respect to all $460.2 million of its outstanding 6.125% Senior Notes due 2024 (the "2024 Notes") and all $319.7 million of its outstanding 9.00% Second Lien Senior Secured Notes due 2025 (the "Second Lien Notes"). The net proceeds from the offering, along with borrowings under the senior secured revolving credit facility, are expected to be used to redeem all of the 2024 Notes and all of the Second Lien Notes. The 2024 Notes and the Second Lien Notes will be redeemable on July 9, 2022, which redemptions will settle on Monday, July 11, 2022. This announcement is not an offer to purchase or a solicitation of an offer to sell the 2024 Notes or the Second Lien Notes, and it does not constitute a notice of redemption of the 2024 Notes or the Second Lien Notes.
The notes and the related guarantees to be offered have not been registered under the Securities Act or any state securities laws and unless so registered, the notes and the related guarantees may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The notes and the related guarantees are being offered only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and outside the United States pursuant to Regulation S under the Securities Act.
This press release is being issued pursuant to Rule 135(c) under the Securities Act, and is neither an offer to sell nor a solicitation of an offer to buy the notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the notes and the related guarantees or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.
Callon Petroleum Company is an independent oil and natural gas company focused on the acquisition, exploration and development of high-quality assets in the leading oil plays of South and West Texas.
This news 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. Forward-looking statements include all statements including the words "believe," "expect," "may," "will," "forecast," "outlook," "assume," "plans" and words of similar meaning. These statements reflect the Company's current views with respect to future events and financial performance based on management's experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. No assurances can be given, however, as of this date, that these events will occur or that these projections will be achieved, and actual results could differ materially from those projected as a result of certain factors. Any forward-looking statement speaks only as of the date of which such statement is made and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. These statements are subject to a number of known and unknown risks and uncertainties, which may cause the Company's actual results and performance to be materially different from any future results or performance expressed or implied by the forward-looking statements including risks more fully discussed in our filings with the Securities and Exchange Commission (the "SEC"), including our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, available on our website or the SEC's website at www.sec.gov.
For further information contact:
Kevin Smith
Director of Investor Relations
Callon Petroleum Company
ir@callon.com
(281) 589-5200
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https://www.kxii.com/prnewswire/2022/06/09/callon-petroleum-company-announces-pricing-600-million-senior-unsecured-notes-offering/
| 2022-06-09T21:35:19Z
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BEIJING, June 23, 2022 /PRNewswire/ -- A news report from chinadaily.com.cn:
The Beijing Daxing International Airport Economic Zone (BDIAEZ) launched an innovation competition to explore cities of the future as it aspires to become a world-class "aerotropolis" -- an urban area centered around an airport -- over the next few decades.
The "Future City" Explorer Global Innovation Competition began on May 27 and will last until late August.
Focusing on four themes of green and low-carbon development, cultural inclusivity, new consumption and smart tech, the event is designed to collect proposals for urban development, spur innovation in policy, technology and business models, and assist resource allocation and matching, said the BDIAEZ administrative committee, the competition's organizer.
The smart tech sector, for example, looks for cutting-edge technologies, models and proposals that improve the zone's management and services and help build a smart city.
Young scholars, students and research institutes as well as tech enterprises and startups from home and abroad are welcome to pitch their ideas and projects.
Centering around Beijing Daxing International Airport, the BDIAEZ in Beijing's Daxing district will serve as an experimental field and provide support for top contestants, advancing their projects' industrialization and launches, the organizer said.
In addition to prizes, they will be recommended to investors and receive guidance from industry leaders and renowned academics, the organizer added.
The competition is part of events held by the BDIAEZ recently as it is calling for plans and designs for the development of the International C&E and Consumption Hub. The project is aimed at promoting convention and exhibition businesses, as well as spurring consumption.
The BDIAEZ's core area covers about 150 square kilometers, comprising 50 sq km in Beijing and the rest in the city's neighboring Hebei province. The International C&E and Consumption Hub will be positioned at the eastern area of the Beijing section.
The State Council approved the establishment of the economic zone in 2016, with the strategic goals of developing it into a function-carrier area for international exchange, a leading area for national aviation technology, and a demonstration area for the coordinated development of Beijing, Tianjin and Hebei province, according to the administrative committee.
By taking advantage of the airport and preferential policies of functional zones, the BDIAEZ is building a center where global resources are gathered as well as a new driving force for regional economic growth.
The BDIAEZ's comprehensive industrial pattern has taken shape, with the life and health industry as the lead, high-end services and aviation security as the foundation, as well as new-generation information technologies and advanced equipment as the reserve.
Six major industrial parks have been launched, including an innovation service center of the free trade zone, a medical equipment intelligent manufacturing park, a biomedical incubator and an international business complex.
The BDIAEZ is the only area in Beijing that adopts favorable policies of the free trade zone and Zhongguancun Science Park, a high-tech demonstration zone in the capital, while following the city's strategies for opening up its services sector.
The BDIAEZ administrative committee now has 80 administrative rights, with 49 delegated from the Daxing district government and 31 from municipal authorities.
Marked progress has been made in creating a business-friendly environment with approval procedures streamlined and services optimized.
The BDIAEZ also provides one-on-one aid to enterprises with difficulties, while establishing an online service platform to enhance the efficiency of approvals.
The economic zone plans to sign 20 megaprojects and put six of them into production this year, according to the administrative committee.
It will continue to move forward with reforms, cultivate export-oriented industries and help ensure the airport's smooth operation.
By 2035, a modern, smart and eco-friendly economic zone will have been built. It will play a vital role in promoting regional high-quality development, according to the zone's development plan.
Beijing Daxing International Airport is expected to become an international aviation hub by that point, with an annual passenger throughput of up to 100 million.
The "Future City" Explorer Global Innovation Competition is now open for registration.
Please click on the following link to sign up: https://www.wenjuan.com/s/YRN32a8/
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SOURCE chinadaily.com.cn
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https://www.kxii.com/prnewswire/2022/06/23/all-eyes-future-daxing-looks-become-innovation-zone/
| 2022-06-23T13:05:57Z
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Telecommunications Giant Wants to Hike Health Care Costs and Offer Crumbs to Members of Teamsters Local 959
MCKINNEY, Texas, May 16, 2022 /PRNewswire/ -- This weekend, members of Teamsters Local 745 educated attendees of the Byron Nelson PGA Tournament about AT&T's abuse of its workers. AT&T [NYSE: T] is the primary sponsor of the annual golf tournament.
The Teamsters distributed leaflets and hand fans during the tournament detailing AT&T's behavior toward its employees in Alaska who are members of Teamsters Local 959.
"The Teamsters do not let corporate America bully our hardworking members," said Sean M. O'Brien, General President of the International Brotherhood of Teamsters. "I want to commend Local 959 members for fighting for what they're worth, and Local 745 members for standing in solidarity with their brothers and sisters in Alaska. This is what our union is all about — if you come after any one of our members, you're coming after all of us."
While Teamsters held banners telling AT&T to "Stop the Price Hikes and Worker Abuse," a plane banner flew above the PGA competition sharing the same message on Saturday and Sunday.
Local 959 represents 175 members in Alaska who are trying to bargain their new contract with AT&T Alascom. The AT&T Teamsters who build, maintain and monitor Alaska's telecommunications infrastructure frequently risk their lives in extreme weather conditions to repair equipment and keep phone and internet services up and running throughout the state, including dangerous work that can only be performed via helicopter transport.
In spite of this, AT&T is refusing to honor the contributions of its workers by demanding that the Alaska workforce accept a meager one percent wage increase in 2022, and a 1.75 percent wage increase in 2023. AT&T is also trying to force Alaska workers with families to pay an additional $1,000 more per year for health care, on top of the $13,000 annually that they already pay.
AT&T made $23 billion in profit last year, which includes revenues from its contracts with the Department of Defense and the Alyeska pipeline.
"This company makes billions in profit for its executives and shareholders off the hard work of its frontline employees, yet the company won't invest in its longtime workers or its aging infrastructure in Alaska," said Eileen Whitmer, President of Local 959. "Alaska communities deserve good, family-supporting jobs, as well as phone and internet service they can rely on. We will continue to educate the public until AT&T and its out-of-state negotiators are willing to treat Alaskans fairly."
Founded in 1903, the International Brotherhood of Teamsters represents 1.2 million hardworking men and women throughout the United States, Canada and Puerto Rico. Visit www.teamster.org for more information. Follow us on Twitter @Teamsters and "like" us on Facebook at www.facebook.com/teamsters.
Contact:
Matt McQuaid, (202) 624-6877
mmcquaid@teamster.org
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SOURCE International Brotherhood of Teamsters
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https://www.mysuncoast.com/prnewswire/2022/05/16/during-pga-tournament-teamsters-call-out-atampts-abuse-alaskan-workers/
| 2022-05-16T17:14:32Z
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The company was recognized in the 2022 Gartner Cool Vendors™ in Technology Go-to-Market
SAN MATEO, Calif. and CHENNAI, India, June 1, 2022 /PRNewswire/ -- Rocketlane, a purpose-built customer onboarding platform, announced today that Rocketlane has been listed in the "Cool Vendors in Technology Go-to-Market" report [1] by Ray Pun, Alan Antin, Maria Marino, and Julian Poulter.
This report states that onboarding is a key "moment of truth" in the customer journey that can either cement buyer confidence or destroy it. It further states that "to improve technology marketing effectiveness and go-to-market (GTM) strategy, technology and service providers should enable a smooth transition from prospect to customer by streamlining onboarding processes with solutions that offer a collaboration space between technology providers and customers for sharing project activity."
"We're thrilled to be named a Gartner Cool Vendor. We believe, getting recognized by Gartner is a shot in the arm for the team and an acknowledgement of our mission to make customer onboarding consistent, transparent, and delightful," said Srikrishnan Ganesan, Co-founder and CEO of Rocketlane. "We'll continue to innovate and present a fresh take as we execute on our product roadmap to streamline customer onboarding for businesses serving mid-market and enterprise companies."
"There are many moving parts with our implementation projects, and it was a challenge to track blockers," said Steven Groccia, Head of Customer Operations at Mosaic. "Rocketlane gives us the mechanism to stay organized internally and to identify blockers sooner. It gives the leadership team a digestible view of where onboarding projects stand. It gives our customers visibility into exactly what is needed from them which instills confidence and keeps customers accountable. Implementation and onboarding is a differentiator for our product versus our competitors. And Rocketlane enabled us to take full advantage of that."
You can access the Gartner report here.
To learn more about Rocketlane, please visit www.rocketlane.com.
[1] Gartner, "Cool Vendors in Technology Go-to-Market", Ray Pun, Alan Antin, Maria Marino, and Julian Poulter.
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
GARTNER and COOL VENDORS are a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission.
Rocketlane is a purpose-built customer onboarding platform that helps businesses accelerate their time-to-value, boost customer satisfaction, and thereby reduce churn. The platform replaces generic project management and document collaboration tools with a unique, unified workspace that improves communication, collaboration, and project visibility for businesses and their customers. It equips teams with trends and benchmarks across projects, which in turn helps them develop and optimize playbooks and best practices.
Media Contact
Kirthika Soundararajan
kirthika@rocketlane.com
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SOURCE Rocketlane Corp
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https://www.wibw.com/prnewswire/2022/06/01/rocketlane-named-2022-gartner-cool-vendor/
| 2022-06-01T12:53:05Z
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DALIAN, China, July 26, 2022 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company"), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced that the Company has entered into an agreement with another Chinese high-tech battery maker who is one of the top players leading in the research and development of Na-ion battery to co-develop sodium-ion battery cells.
The sodium-ion battery chemistry is considered to be one of the most promising "beyond-lithium" energy storage technologies, particularly for large-scale electric vehicle and stationary applications. The two companies aim to leverage their respective cutting-edge R&D and production capabilities to jointly promote the mass production of cylindrical sodium-ion battery products. CBAK Energy will provide technical services with respect to battery cell production and testing under this partnership. CBAK Energy anticipates to produce samples in the second half of Year 2022.
Mr. Yunfei Li, Chief Executive Officer of CBAK Energy commented, "The cooperation is part of our continuous commitment to exploring new technologies and product innovation. Sodium-ion battery is drawing significant attention from the battery industry. We believe that this partnership will strengthen our competitiveness and further empower us to widen product offerings as we strive to become a major battery supplier for top light electric vehicle & electric vehicle producers."
About CBAK Energy
CBAK Energy Technology, Inc. is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium batteries and raw materials for use in manufacturing high power lithium batteries. The applications of the Company's products and solutions include light electric vehicles, electric vehicles, electric tools, energy storage, uninterruptible power supply (UPS), and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian, Nanjing and Shaoxing, as well as a large-scale R&D and production base in Dalian.
For more information, please visit www.cbak.com.cn.
Safe Harbor Statement
This press release contains "forward-looking statements" that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including "anticipates," "believes," "can," "continue," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "should," or "will" or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements.
Any forward-looking statements contained in this press release are only estimates or predictions of future events based on information currently available to our management and management's current beliefs about the potential outcome of future events. Whether these future events will occur as management anticipates, whether we will achieve our business objectives, and whether our revenues, operating results, or financial condition will improve in future periods are subject to numerous risks. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: significant legal and operational risks associated with having substantially all of our business operations in China, the Chinese government may exercise significant oversight and discretion over the conduct of our business and may intervene in or influence our operations at any time, which could result in a material change in our operations and/or the value of our securities or could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and could cause the value of such securities to significantly decline or be worthless, trading in our securities may be prohibited under the Holding Foreign Companies Accountable Act if the PCAOB subsequently determines our audit work is performed by auditors that the PCAOB is unable to inspect or investigate completely for three consecutive years, the effects of the global Covid-19 pandemic, changes in domestic and foreign laws, regulations and taxes, uncertainties related to China's legal system and economic, political and social events in China, the volatility of the securities markets; and other risks including, but not limited to, the ability of the Company to meet its contractual obligations, the uncertain market for the Company's lithium battery cells and business, macroeconomic, technological, regulatory, or other factors affecting the profitability of our products and solutions that we discussed or referred to in the Company's disclosure documents filed with the U.S. Securities and Exchange Commission (the "SEC") available on the SEC's website at www.sec.gov, including the Company's most recent Annual Report on Form 10-K as well as in our other reports filed or furnished from time to time with the SEC. You should read these factors and the other cautionary statements made in this press release. If one or more of these factors materialize, or if any underlying assumptions prove incorrect, our actual results, performance or achievements may vary materially from any future results, performance or achievements expressed or implied by these forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.
For investor and media inquiries, please contact:
In China:
CBAK Energy Technology, Inc.
Investor Relations Department
Mr. Thierry Jiewei Li
Phone: 86-18675423231
Email: ir@cbak.com.cn
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https://www.kxii.com/prnewswire/2022/07/26/cbak-energy-co-develop-na-ion-cells-with-chinese-battery-manufacturer/
| 2022-07-26T13:38:04Z
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CAMBRIDGE, Mass., Aug. 2, 2022 /PRNewswire/ -- Einblick, an agile and collaborative data science platform, based on years of research at MIT and Brown University, today announced the addition of three seasoned leaders to its executive team, hiring Harald Prokop to lead Engineering, Peter Knast to lead Customer Success, and David Stauffer to lead Marketing.
Prokop joins Einblick with over two decades worth of executive leadership experience in engineering and product management. He brings technical and operational management experience in both startups and public technology companies, leading teams at Grubhub, LevelUp, and Akamai Technologies.
Knast joins Einblick with 15 years of experience cultivating customer satisfaction amongst data professionals. Before joining Einblick, Knast led global revenue growth for both on-prem and cloud businesses at RStudio PBC. He also has been a leader at TIBCO Spotfire, Jaspersoft and even a few of his own ventures.
Stauffer joins Einblick after a decade of building startups in the collaboration and productivity space, leading marketing teams at Lucidchart and Workona during phases of rapid growth. His B2B marketing campaigns have won national awards and been featured in AdAge, Adweek, and Forbes.
"We couldn't be more excited to welcome Harald, Pete, and David to the team. They bring the exact type of industry experience and leadership that perfectly complements the more academic background of our founding team," said Emanuel Zgraggen, CEO at Einblick. "The initial market response to Einblick has been tremendous, and now we have the ideal leadership team in place to guide us into our next phase of growth."
About Einblick
Einblick is an agile data science platform that provides data scientists with a collaborative workflow to swiftly explore data, build predictive models, and deploy data apps. Founded in 2020, Einblick was developed based on six years of research at MIT and Brown University. Einblick customers include BMW, Cisco, Covestro, DARPA, Fuji, NetApp and USDA. Einblick is funded by Amplify Partners, Flybridge, Samsung Next, Dell Technologies Capital, and Intel Capital. For more information, please visit www.einblick.ai and follow us on LinkedIn and Twitter.
Media Contact:
David Stauffer
VP of Marketing
press@einblick.ai
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https://www.kxii.com/prnewswire/2022/08/02/einblick-hires-three-key-executives-amid-company-expansion/
| 2022-08-02T16:23:54Z
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WASHINGTON (AP) — The House will vote Wednesday on whether to hold former Trump advisers Peter Navarro and Dan Scavino in contempt of Congress after their monthslong refusal to comply with subpoenas from the House committee investigating the Jan. 6 attack on the U.S. Capitol.
If approved as expected, the criminal referrals will be sent to the Justice Department, which would decide whether to prosecute.
Navarro, 72, a former White House trade adviser, was subpoenaed in early February over his promotion of false claims of voter fraud in the 2020 election that the committee believes contributed to the attack.
Scavino, a communications aide, was with Trump the day of the attack on the Capitol and may have “materials relevant to his videotaping and tweeting” messages that day, the committee said.
While the contempt efforts may not yield any new information for the committee — any prosecutions could drag for months or years — they are an effort by the nine-member panel to signal that witnesses will suffer consequences if they don’t cooperate or at least appear for questioning. The panel has already been remarkably effective at gaining testimony, conducting more than 800 witnesses in the nine months since it was created.
This will be the third time the panel has sent contempt charges to the House floor. The first two referrals, sent late last year, were for former White House chief of staff Mark Meadows and former Trump ally Steve Bannon.
Navarro cited executive privilege when declining to testify, saying the committee “should negotiate this matter with President Trump.” He added, “If he waived the privilege, I will be happy to comply.”
But the Biden administration has already waived executive privilege for Navarro, Scavino and former national security adviser Michael Flynn, saying it was not justified or in the national interest for them to withhold their testimony.
Executive privilege was developed to protect a president’s ability to obtain candid counsel from his advisers without fear of immediate public disclosure, but it has limits. Courts have traditionally left questions of whether to invoke executive privilege up to the current White House occupant. The Supreme Court earlier this year rejected a bid by Trump to withhold documents from the committee.
In its subpoena for Scavino last fall, the committee cited reports that he was with Trump the day before the attack, during a discussion about how to persuade members of Congress not to certify the election for President Joe Biden.
A lawyer for Scavino did not return multiple messages from the AP seeking comment.
The contempt referral against Bannon resulted in an indictment, with a trial set to start in July. The Justice Department has been slower to decide whether to prosecute Meadows, much to the frustration of the committee.
“It’s the committee’s hope that they will present it to a grand jury,” Rep. Bennie Thompson, the committee’s chairman, told reporters Tuesday. “Obviously, the Meadows case is still outstanding. We don’t really know where that is, other than we’ve done our work.”
He added, “The firewall goes up from our standpoint, and DOJ uses its systems to take it from there.”
Lawmakers are interviewing dozens of individuals a week as they inch closer to public hearings in late spring. In the last week alone, the committee interviewed Trump’s daughter Ivanka Trump and her husband, Jared Kushner. Both were key White House advisers who had substantial access to the former president.
Thompson suggested more witnesses could still be held in contempt in the weeks ahead even as the committee looks to wrap up the investigative portion of their work in the next two months.
“The question here — is there someone who just patently ignored the subpoena for the committee and will we then determine is worthy of going forward, or have we gotten other information that negates the necessity to,” he said.
One person the committee has not yet approached for testimony is former Vice President Mike Pence. And Thompson said lawmakers may not need to speak directly to him.
Aides close to Pence have already testified to the panel, including Marc Short, who was at the Capitol on Jan. 6 and accompanied Pence as he fled his post presiding over the Senate.
Trump publicly and privately pressured Pence to reject Biden’s 2020 election win as part of his ceremonial role overseeing the electoral count, but Pence rebuffed him, noting he had no such power to change the outcome. Rioters who stormed the Capitol were incensed by Pence’s decision and called for his hanging as they breached the building.
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https://cw33.com/news/politics/ap-politics/house-to-vote-on-contempt-for-scavino-navarro-in-1-6-probe/
| 2022-04-06T18:50:33Z
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Ghislaine Maxwell to be sentenced in Epstein sex abuse case
NEW YORK (AP) - Ghislaine Maxwell, the jet-setting socialite who once consorted with royals, presidents and billionaires, is set to be sentenced Tuesday for helping the wealthy financier Jeffrey Epstein sexually abuse underage girls.
The 11 a.m. sentencing in New York is the culmination of a prosecution that detailed how the power couple flaunted their riches and prominent connections to lure vulnerable girls as young as 14, and then exploit them.
Prosecutors said Epstein, who killed himself in 2019 while awaiting trial, sexually abused children hundreds of times over more than a decade, and couldn’t have done so without the help of Maxwell, his longtime companion and onetime girlfriend.
“Maxwell’s conduct was shockingly predatory. She was a calculating, sophisticated, and dangerous criminal who preyed on vulnerable young girls and groomed them for sexual abuse,” prosecutors wrote in a court filing.
In December, a jury convicted Maxwell of sex trafficking, transporting a minor to participate in illegal sex acts and two conspiracy charges. Prosecutors say she deserves 30 to 55 years in prison.
Maxwell, 60, has denied abusing anyone. Her lawyers have asked U.S. District Judge Alison J. Nathan to impose a sentence of no more than five years.
“The witnesses at trial testified about Ms. Maxwell’s facilitation of Epstein’s abuse, but Epstein was always the central figure: Epstein was the mastermind, Epstein was the principal abuser, and Epstein orchestrated the crimes for his personal gratification,” they wrote in a court filing.
Epstein and Maxwell’s associations with some of the world’s most famous people were not a prominent part of the trial, but mentions of friends like Bill Clinton, Donald Trump and Britain’s Prince Andrew showed how the pair exploited their connections to impress their prey.
Over the past 17 years, scores of women have accused Epstein of abusing them. Many described Maxwell as acting as a madam who recruited them to give massages to Epstein.
The trial, though, revolved around allegations from only a handful of those women.
Four testified that they were abused as teens in the 1990s and early 2000s at Epstein’s mansions in Florida, New York, New Mexico and the Virgin Islands.
Three were identified in court only by their first names or pseudonyms to protect their privacy: Jane, a television actress; Kate, an ex-model from the U.K.; and Carolyn, now a mom recovering from drug addiction. The fourth was Annie Farmer, who identified herself in court by her real name after speaking out publicly.
They described how Maxwell charmed them with conversation and gifts and promises that Epstein could use his wealth and connections to help fulfill their dreams.
Then, they testified, she led them to give massages to Epstein that turned sexual and played it off as normal.
Carolyn testified that she was one of several underprivileged teens who lived near Epstein’s Florida home in the early 2000s and took up an offer to massage him in exchange for $100 bills in what prosecutors described as “a pyramid of abuse.”
Maxwell made all the arrangements, Carolyn told the jury, even though she knew the girl was only 14 at the time.
The allegations against Epstein first surfaced publicly in 2005. He pleaded guilty to sex charges in Florida and served 13 months in jail, much of it in a work-release program as part of a deal criticized as lenient. Afterward, he was required to register as a sex offender.
In the years that followed, many women sued Epstein over alleged abuse. One, Virginia Giuffre, claimed that Epstein and Maxwell had also pressured her into sexual trysts with other powerful men, including Prince Andrew. All of those men denied the allegations and Giuffre ultimately settled a lawsuit against Andrew out of court.
Federal prosecutors in New York revived the case against Epstein after stories by the Miami Herald in 2018 brought new attention to his crimes. He was arrested in 2019, but killed himself a month later.
Eleven months later after his death, Maxwell was arrested at a New Hampshire estate. A U.S., British and French citizen, she has remained in a federal jail in New York City since then as her lawyers repeatedly criticize her treatment, saying she was even unjustly placed under suicide watch days before sentencing. Prosecutors say the claims about the jail are exaggerated and that Maxwell has been treated better than other prisoners.
Her lawyers also fought to have her conviction tossed on the grounds of juror misconduct.
Days after the verdict, one juror gave media interviews in which he disclosed he had been sexually abused as a child — something he hadn’t told the court during jury selection. Maxwell’s lawyers said she deserved a new trial. A judge disagreed.
At least eight women have submitted letters to the judge, describing the sexual abuse they said they endured for having met Maxwell and Epstein. Four of them plan to make oral statements at sentencing, including two women — Annie Farmer and Kate — who testified at the trial.
In letters to the judge, six of Maxwell’s seven living siblings pleaded for leniency.
Anne Holve and Philip Maxwell, her eldest siblings, wrote that her relationship with Epstein began soon after the 1991 death of their father, the British newspaper magnate Robert Maxwell.
They said Robert Maxwell had subjected her daughter to “frequent rapid mood swings, huge rages and rejections.”
“This led her to becoming very vulnerable to abusive and powerful men who would be able to take advantage of her innate good nature,” they wrote.
Prosecutors called Maxwell’s shifting of blame to Epstein “absurd and offensive.”
“Maxwell was an adult who made her own choices,” they wrote to the court. “She made the choice to sexually exploit numerous underage girls. She made the choice to conspire with Epstein for years, working as partners in crime and causing devastating harm to vulnerable victims. She should be held accountable for her disturbing role in an extensive child exploitation scheme.”
Copyright 2022 The Associated Press. All rights reserved.
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https://www.wibw.com/2022/06/28/ghislaine-maxwell-be-sentenced-epstein-sex-abuse-case/
| 2022-06-28T10:12:29Z
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Acting in international fairs is one of the brand's strategies to further leverage participation in the foreign market and win more customers
SÃO PAULO, June 8, 2022 /PRNewswire/ --
CATUPIRY®, a Brazilian food company known for producing the first Soft Dairy Cream (REQUEIJÃO) in Brazil, participates in the Summer Fancy Food Show 2022, in partnership with APEX, between June 12 and 14, in New York, in the United States of America. Considered the largest exclusive event in the food and beverage segment of the country, CATUPIRY® aims to prospect new customers through food service and retail channels to expand their participation in the U.S. and other countries.
"Expectations with the fair are promising, as commodity prices and exchange rates tend to stabilize," says Carla Santos, responsible person of export area. In this sense, APEX is a great ally of CATUPIRY® to advance in American soils, as it contributes to the brand participating in commercial promotions and actions to promote exports and value Brazilian products and services abroad.
Currently, it is possible to find in this country the refrigerated products of CATUPIRY®, such as the Catupiry® Original in round mold packaging - recipe of the first Soft Dairy Cream (REQUEIJÃO) of Brazil with more than a century - culinary line, in sachet packaging with threaded lid spout in the Original Catupiry® versions and flavored; cups line: traditional, light and flavored, in addition to the stuffed and frozen cheese bread, for the retail channel. In addition to the professional line, in tubes and buckets, for the food service channel. The CATUPIRY® booth will be located in the Brazil Pavilion, together with APEX, at number 1816.
About CATUPIRY®
110 years ago, in Minas Gerais, Italian immigrants Mário and Rosa Silvestrini produced Brazil's first Soft Dairy Cream (REQUEIJÃO). From a family recipe, the couple made born CATUPIRY®, a dream that came true in November 1911 in the hydromineral resort of Lambari. 100% national company, the name means "excellent" in Tupi-Guarani. The quality of raw materials and the rigor of industrial processes have made CATUPIRY® an icon in quality and excellence, ensuring products of a high standard, always tasty, and ready to leave the moments even more delicious. Currently, the brand has more than 70 products in the portfolio, with varieties of soft and spread dairy cream, including cream cheese, snacks, cheese bread, handmade pizzas, and others. It is worth saying that CATUPIRY® has crossed borders and already sells several items from product lines to the U.S. and recently started exporting to some South American countries.
Contact
imprensa@catupiry.com.br
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| 2022-06-08T22:47:02Z
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NEW YORK, Aug. 11, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for RBLX, SHOP, PFE, SNY, and ROKU.
Click a link below then choose between in-depth options trade idea report or a stock score report.
Options Report – Ideal trade ideas on up to seven different options trading strategies. The report shows all vital aspects of each option trade idea for each stock.
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- RBLX: https://www.investorsobserver.com/lp/pr-options-lp-2/?symbol=RBLX&prnumber=081120227
- SHOP: https://www.investorsobserver.com/lp/pr-options-lp-2/?symbol=SHOP&prnumber=081120227
- PFE: https://www.investorsobserver.com/lp/pr-options-lp-2/?symbol=PFE&prnumber=081120227
- SNY: https://www.investorsobserver.com/lp/pr-options-lp-2/?symbol=SNY&prnumber=081120227
- ROKU: https://www.investorsobserver.com/lp/pr-options-lp-2/?symbol=ROKU&prnumber=081120227
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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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https://www.mysuncoast.com/prnewswire/2022/08/11/thinking-about-trading-options-or-stock-roblox-shopify-pfizer-sanofi-sa-or-roku/
| 2022-08-11T15:59:20Z
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Announces first two purchases on Tremont and Perrin Street using new credit facility
BOSTON, Aug. 29, 2022 /PRNewswire/ -- GromaCorp, Inc ("Groma"), an innovative real estate and technology startup and real estate sponsor, has partnered with Needham Bank, a leading local financial institution, to scale up their efforts to increase quality housing supply in the inventory-constrained Boston market.
Needham Bank and Groma have partnered on a $41.5 million three-part debt facility. The bulk of the partnership is focused on enabling Groma to scale up its acquisition/rehabilitation of small-unit count multi-family homes in Boston. Small-unit count multi-family homes make up almost half of the housing stock in the Greater Boston area but are often not renovated to modern living and environmentally efficient standards. Groma is focused on retaining and improving this key inventory of convenient, affordable housing in Boston.
Additional elements of the facility are focused on financing Groma's core operating activities, as well as a loan facility to underwrite improvements to Groma's Boston headquarters at 31 New Chardon Street.
Groma's founding team includes industry experts spanning the real estate and technology industries. Just two years old, Groma already has grown its team to more than 30 people and manages north of $100 million of assets on behalf of its investors.
"We are thrilled to be partnering with Needham Bank in this important financing facility to help scale up Groma's efforts in the Greater Boston area," said Seth Priebatsch, President of GromaCorp. "The team at Needham Bank has been fantastic to work with, flexible to our custom needs and supportive of our long-term vision to increase both the quantity and quality of housing supply in the Greater Boston area, as well as ownership opportunities for more residents of the City."
Needham Bank is providing financing to Groma through the bank's Structured Finance team. "We believe Groma has the ability to do great work in the region by continuing to improve both the quality and supply of much-needed housing. Needham Bank has a strong desire to support initiatives that have significant potential to achieve social good, and we think Seth and Groma can do just that," commented Joseph P. Campanelli, Chairman, President, and Chief Executive Officer of Needham Bank.
Via this release, Groma is also announcing its first two acquisitions using the Needham facility - an 8-unit property at 1536-1542 Tremont Street, which houses 6 residential units and 2 commercial units (one of which is currently being used by the Boston Debate League, a local non-profit focused on bringing healthy and competitive debate training into Boston's school system), and a 3-unit property at 19 Perrin Street. Both properties are currently fully leased and Groma is using the facility to make ongoing improvements to each building's amenities and environmental efficiency over the coming years while keeping the tenants in place.
For questions, please contact: KMarryat@NeedhamBank.com
Groma is a vertically integrated real estate investment, development, and management company combined with a tech startup building tools to provide better outcomes for our investors, tenants, and the communities we serve. Groma was founded in early 2020 and is headquartered in Boston, MA. For more information, please visit https://www.groma.com/.
Needham Bank offers an array of tech-forward products and services that businesses and consumers use to manage their financial needs. We have the financial expertise typically found at much larger institutions and the local knowledge and commitment you can only find at a community bank. Known as the "Builder's Bank," Needham Bank has been helping individuals, businesses and non-profits build for their futures since 1892. For more information, please visit https://NeedhamBank.com. Needham Bank is a member of FDIC and DIF.
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https://www.kxii.com/prnewswire/2022/08/29/groma-needham-bank-partner-finance-multi-family-investments-boston-ma/
| 2022-08-29T19:02:58Z
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LOS ANGELES , May 16, 2022 /PRNewswire/ -- Iconic Japanese rock star and leader of X JAPAN, YOSHIKI, has become the first ever artist to partner with Coca-Cola Japan to launch energy drinks. The two new YOSHIKI-inspired energy drinks Real Gold X and Real Gold Y launch today nationwide across Japan.
Real Gold X is inspired by YOSHIKI's rock side – "uplift yourself with rock." His extraordinary career as the leader of X JAPAN includes sales of over 30 million albums and singles worldwide.
The inspiration for Real Gold Y comes from YOSHIKI's work as a classical pianist – "enhance your focus with classic." YOSHIKI has composed a wide array of classical pieces, from the Golden Globes theme song to a piano concerto for the Emperor of Japan. Named one of the most influential composers in Japanese history, YOSHIKI has collaborated with Beatles producer Sir George Martin, Queen, Sarah Brightman, The Chainsmokers, Bono, will.i.am, and St. Vincent.
These new energy drinks were born out of the shared values between Coca-Cola Japan and YOSHIKI. Coca-Cola identifies with YOSHIKI's philosophy, "NOTHING IS IMPOSSIBLE," an ambition to always try new things, and "the desire to seriously support the next generation who are taking on challenges."
YOSHIKI premiered music videos of original songs for Real Gold X and Real Gold Y on his YouTube channel last week. His new song "Real Gold XY" was revealed today: https://youtu.be/eSQEUINd34E
Official Website: https://c.cocacola.co.jp/real_xy/
Official Twitter: https://twitter.com/RealGold_XY
Media Contact: AGPR@AndersonGroupPR.com
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https://www.wibw.com/prnewswire/2022/05/16/legendary-japanese-composer-amp-rock-star-yoshiki-partners-with-coca-cola-japan-launches-two-new-energy-drinks-real-gold-x-real-gold-y/
| 2022-05-16T22:23:16Z
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When Vladimir Putin announced the invasion of Ukraine, war seemed far away from Russian territory. Yet within days the conflict came home — not with cruise missiles and mortars but in the form of unprecedented and unexpectedly extensive volleys of sanctions by Western governments and economic punishment by corporations.
Three months after the Feb. 24 invasion, many ordinary Russians are reeling from those blows to their livelihoods and emotions. Moscow’s vast shopping malls have turned into eerie expanses of shuttered storefronts once occupied by Western retailers.
McDonald’s — whose opening in Russia in 1990 was a cultural phenomenon, a shiny modern convenience coming to a dreary country ground down by limited choices — pulled out of Russia entirely in response to its invasion of Ukraine. IKEA, the epitome of affordable modern comforts, suspended operations. Tens of thousands of once-secure jobs are now suddenly in question in a very short time.
Major industrial players including oil giants BP and Shell and automaker Renault walked away, despite their huge investments in Russia. Shell has estimated it will lose about $5 billion by trying to unload its Russian assets.
While the multinationals were leaving, thousands of Russians who had the economic means to do so were also fleeing, frightened by harsh new government moves connected to the war that they saw as a plunge into full totalitarianism. Some young men may have also fled in fear that the Kremlin would impose a mandatory draft to feed its war machine.
But fleeing had become much harder than it once was — the European Union’s 27 nations, along with the United States and Canada had banned flights to and from Russia. The Estonian capital of Tallinn, once an easy long-weekend destination 90 minutes by air from Moscow, suddenly took at least 12 hours to reach on a route through Istanbul.
Even vicarious travel via the Internet and social media has narrowed for Russians. Russia in March banned Facebook and Instagram — although that can be circumvented by using VPNs — and shut access to foreign media websites, including the BBC, the U.S. government-funded Voice of America and Radio Free Europe/Radio Liberty and the German broadcaster Deutsche Welle.
After Russian authorities passed a law calling for up to 15 years’ imprisonment for stories that include “fake news” about the war, many significant independent news media shut down or suspended operations. Those included the Ekho Moskvy radio station and Novaya Gazeta, the newspaper whose editor Dmitry Muratov shared the most recent Nobel Peace Prize.
The psychological cost of the repressions, restrictions and shrinking opportunities could be high on ordinary Russians, although difficult to measure. Although some public opinion polls in Russia suggest support for the Ukraine war is strong, the results are likely skewed by respondents who stay silent, wary of expressing their genuine views.
Andrei Kolesnikov of the Carnegie Moscow Center wrote in a commentary that Russian society right now is gripped by an “aggressive submission” and that the degradation of social ties could accelerate.
“The discussion gets broader and broader. You can call your compatriot — a fellow citizen, but one who happens to have a different opinion — a “traitor” and consider them an inferior kind of person. You can, like the most senior state officials, speculate freely and quite calmly on the prospects of nuclear war. (That’s) something that was certainly never permitted in Soviet times during Pax Atomica, when the two sides understood that the ensuing damage was completely unthinkable,” he wrote.
“Now that understanding is waning, and that is yet another sign of the anthropological disaster Russia is facing,” he said.
The economic consequences have yet to fully play out.
In the early days of the war, the Russian ruble lost half its value. But government efforts to shore it up have actually raised its value to higher than its level before the invasion.
But in terms of economic activity, “that’s a completely different story,” said Chris Weafer, a veteran Russia economy analyst at Macro-Advisory.
“We see deterioration in the economy now across a broad range of sectors. Companies are warning that they’re running out of inventories of spare parts. A lot of companies put their workers on part time work and others are warning to them they have to shut down entirely. So there’s a real fear that unemployment will rise during the summer months, that there will be a big drop in consumption and retail sales and investment,” he told The Associated Press.
The comparatively strong ruble, however heartening it may seem, also poses problems for the national budget, Weafer said.
“They receive their revenue effectively in its foreign currency from the exporters and their payments are in rubles. So the stronger the ruble, then it means the less money that they actually have to spend,” he said. “(That) also makes Russian exporters less competitive, because they’re more expensive on the world stage.”
If the war drags on, more companies could exit Russia. Weafer suggested that those companies who have only suspended operations might resume them if a cease-fire and peace deal for Ukraine are reached, but he said the window for this could be closing.
“If you walk around shopping malls in Moscow, you can see that many of the fashion stores, Western business groups, have simply pulled down the shutters. Their shelves are still full, the lights are still on. They’re simply just not open. So they haven’t pulled out yet. They’re waiting to see what happens next,” he explained.
Those companies will soon be pressed to resolve the limbo that their Russian businesses are in, Weafer said.
“We are now getting to the stage where companies are starting to run out of time, or maybe run out of patience,” he said.
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Follow all AP stories on the war in Ukraine at https://apnews.com/hub/russia-ukraine.
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https://cw33.com/business/ap-business/after-3-months-of-war-life-in-russia-has-profoundly-changed/
| 2022-05-23T19:17:55Z
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ATLANTA, Aug. 24, 2022 /PRNewswire/ -- IRIS - Intelligent Retinal Imaging Systems, a leader in retinal screening technology, has partnered with HealPros, a technology-enabled healthcare service that works with some of the largest health plans in the nation to change the lives of people with chronic illness. This partnership will yield significant results for health plans and their members with diabetes by helping them prevent or quickly diagnose diabetic retinopathy.
Each year, millions of Americans do not access the care they need due to transportation issues, lack of education, cultural differences, and proximity to/affordability of care. HealPros will utilize IRIS program and workflow expertise to enhance their in-home diabetic retinopathy screening. This partnership ensures HealPros' clients will reap the benefits of The IRIS Reading Center's highest gradeability in the industry which is critical in the in-home market.
"We are excited to embark on this relationship with IRIS and begin using the IRIS Platform to take our in-home DRE capabilities to the next level," said Michael Harris, Chief Operating Officer of HealPros. "The partnership with IRIS allows us to assess better images of members' retinas so we can continue to care for and intervene on behalf of chronic disease populations nationwide."
"IRIS empowers organizations of all sizes to drive diabetic retinal screenings and help those with high-risk conditions save their eyesight," said Steve Martin, Chief Executive Officer of IRIS. "HealPros works with the nation's most prominent health plans across the country to ensure people access the care they need, and we see tremendous potential to improve thousands of lives via this collaboration."
Intelligent Retinal Imaging Systems' (IRIS) mission is to end preventable blindness. Their end–to–end comprehensive diagnostic solution enables the provision of retinal imaging services in a variety of settings to persons at risk for developing sight-threatening diseases. The IRIS Program is an FDA Class II cleared cloud-based platform which offers clients the unique ability to customize their program from hardware to workflow, ultimately improving quality, increasing access, and reducing costs, but most importantly helping to end vision loss due to diabetic retinopathy. For more information, visit www.retinalscreenings.com.
HealPros specializes in engaging and collaborating with at-risk populations in their homes. HealPros' team of Care Access Pros can be deployed rapidly anywhere in the U.S. to care for people with chronic illness. Once the underlying challenges people face are identified, HealPros provides education and helps them access the care they need, then monitors and reports progress to their various caretakers. From Pharmacy assistance, Health Risk Assessments, and Diabetes and Hypertension Management programs to resolving food insecurity and other Health Equity issues, HealPros' in-home, face-to-face interactions provide an experience people don't get anywhere else. HealPros is headquartered in Atlanta, Georgia. Visit the HealPros website at www.healpros.com.
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SOURCE Intelligent Retinal Imaging Systems (IRIS)
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https://www.kxii.com/prnewswire/2022/08/24/healpros-announces-agreement-with-iris-optimize-in-home-retinal-screening-people-with-chronic-illness/
| 2022-08-24T23:12:31Z
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SILVER SPRING, Md., Aug. 5, 2022 /PRNewswire/ -- Today, the U.S. Food and Drug Administration is providing an update on additional steps it has taken that will lead to more infant formula available in the U.S. under the agency's recent increased flexibilities.
Company (Product Origin): Nestlé Health Science (The Netherlands)
Product(s): Nestlé SMA Nutrition Althéra
Type of Formula: Specialty – Hypoallergenic, Extensively Hydrolyzed Formula for the dietary management of infants with cow's milk protein allergy (CMPA) and/or multiple food allergies.
Estimated Quantity: 37,500 cans (about 33,000 pounds or about 495,000 full-size, 8-ounce bottles)
Availability: The product is expected to be available in August 2022.
More Information and Where to Find the Products: SMA Nutrition Althéra is intended for use under medical supervision. SMA Nutrition Althéra is a hypoallergenic, whey protein-based extensively hydrolyzed powdered formula intended for the dietary management of cow's milk protein allergy and/or multiple food allergies. It is nutritionally complete and suitable from birth or for supplementary feeding from 6 months up to 3 years of age. Not suitable for galactosemia, glucose-galactose malabsorption, or lactose intolerance. It will be available for purchase online through the Nestlé Nutrition store at https://www.nestlenutritionstore.com/.
The FDA is exercising enforcement discretion for the importation of the infant formula products listed above following the review of information provided pertaining to nutritional adequacy and safety, including microbiological testing, labeling and additional information about facility production and inspection history.
The agency is leveraging a number of flexibilities to bolster the supply of products that serve as the sole source of nutrition for many infants while ensuring the infant formula can be used safely and provides adequate nutrition. The FDA remains in further discussions with manufacturers and suppliers regarding additional supply to ensure there's adequate infant formula available wherever and whenever parents and caregivers need it.
The FDA issued guidance on May 16 that outlined a process by which the agency would not object to the importation of certain infant formula products intended for a foreign market or distribution in the U.S. of products manufactured here for export to foreign countries. This guidance also may provide flexibilities to those who manufacture infant formula products domestically and may be able to further increase the quantity of domestically-produced product for the U.S. market. The agency has posted a webpage that will be updated with information about additional products headed to the U.S.
Ongoing FDA Steps to Increase Availability of Safe, Nutritious Infant Formula
The agency's around-the-clock work as part of the all-of-government efforts has already begun to improve supply and availability. The agency expects that the measures and steps it is taking, and the resumption of production at the Abbott Nutrition's Sturgis, Mich., facility, will mean more and more supply is on the way or on store shelves moving forward.
The FDA continues to advise against making infant formulas at home or diluting formula. Parents and caregivers are encouraged to work with their child's health care provider for recommendations on changing feeding practices, if needed. The U.S. Department of Health and Human Services also has additional information available at HHS.gov/formula, including information to help families find infant formula.
The agency also monitors online marketplaces for fraudulent products and works with major online retailers to remove violative and harmful products offered for sale on their sites. Additionally, since many of these fraudulent products originate overseas, the agency targets and examines these products at ports of entry. The FDA also monitors and follows up on various external signals such as consumer complaints about potential counterfeit and fraudulent products.
The FDA will continue to dedicate all available resources to help ensure that safe and nutritious infant formula products remain available for use in the U.S. and will keep the public informed of progress updates.
Additional Information:
- Infant Formula Information and Ongoing FDA Efforts to Increase Supply
- Enforcement Discretion to Manufacturers to Increase Infant Formula Supplies
- HHS.gov/formula
- HHS.gov/news
- FDA Investigation of Cronobacter Infections: Powdered Infant Formula (February 2022)
- Powdered Infant Formula Recall: What to Know
- CDC Information on Cronobacter Infection and Infants
Media Contact: FDA Office of Media Affairs, 301-796-4540
Consumer Inquiries: 888-723-3366
The FDA, an agency within the U.S. Department of Health and Human Services, protects the public health by assuring the safety, effectiveness, and security of human and veterinary drugs, vaccines and other biological products for human use, and medical devices. The agency also is responsible for the safety and security of our nation's food supply, cosmetics, dietary supplements, products that give off electronic radiation, and for regulating tobacco products.
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SOURCE U.S. Food and Drug Administration
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https://www.wibw.com/prnewswire/2022/08/05/fda-infant-formula-update-august-5-2022/
| 2022-08-05T16:48:08Z
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Local artists will auction artwork for Ukraine
Published: May. 19, 2022 at 12:32 PM EDT|Updated: 24 minutes ago
SARASOTA, Fla. (WWSB) - Local artists are hosting an event to benefit Ukraine this Friday.
The event Artists for Ukraine is hoping to make a difference in the lives of those affected by the ongoing conflict with Russia.
21 artists are auctioning off 36 works of art. The event will be held Friday, May 20, 2022 at Art Avenue at 1440 Main Street Sarasota. The event starts at 6 p.m. with the auction happening at 7 p.m. There will be traditional Ukrainian food and music.
Copyright 2022 WWSB. All rights reserved.
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https://www.mysuncoast.com/2022/05/19/local-artists-will-auction-artwork-ukraine/
| 2022-05-19T16:58:59Z
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LONDON (AP) — A timeline of key events related to Britain’s Prime Minister Boris Johnson
2001-2008: Sits in the House of Commons representing the constituency of Henley. During his tenure Johnson twice serves as the Conservative spokesman on business, innovation and skills while the party is out of government.
2008-2016: Serves as London mayor.
May 7, 2015: Returns to the House of Commons representing the constituency of Uxbridge and South Ruislip.
2016: Co-leader of the campaign to take Britain out of the European Union. This put Johnson in opposition to then-Prime Minister David Cameron, a fellow Conservative, who resigned after voters approved Brexit in a national referendum on June 23, 2016.
2016-2018: Serves as Foreign Secretary, which makes him one of the most senior members of Prime Minister Theresa May’s Cabinet. Johnson resigned in July 2018 in opposition to May’s strategy for a “soft” Brexit that would maintain close ties with the EU.
June 7, 2019: Theresa May resigns as Conservative Party leader over her failure to persuade Parliament to back the Brexit agreement she negotiated with the EU. The party is split between those who back May and hard-liners, led by Johnson, who are willing to risk a no-deal Brexit in order to wring concessions from the EU.
July 23, 2019: Johnson is elected Conservative Party leader in a vote of party members. He formally takes office as prime minister the next day, inheriting a minority government that relies on votes from Northern Ireland’s Democratic Unionist Party to pass legislation. Johnson insists Britain will leave the EU on Oct. 31, with or without a deal.
Aug. 28, 2019: Announces he will shut down Parliament until mid-October, giving opponents less time to thwart a no-deal Brexit.
Sept. 3, 2019: Twenty-one rebel Conservative Party lawmakers support legislation requiring the government to seek an extension of Brexit negotiations if it can’t negotiate an agreement with the EU. The measure passes and the rebels are expelled from the party.
Sept. 5, 2019: Johnson asserts he would rather be “dead in a ditch” than ask the EU for another extension.
Sept. 24, 2019: U.K. Supreme Court rules government’s suspension of Parliament was unlawful.
Oct. 19,2019: Johnson asks the EU to delay Brexit again. The new deadline is Jan. 31.
Nov. 6, 2019: Parliament is dissolved and early elections are set for mid-December as Johnson seeks a mandate for his Brexit strategy.
Dec. 12, 2019: Johnson wins an 80-seat majority in the general election, giving him the backing to push through Brexit legislation.
Jan. 23, 2020: The Brexit deal becomes law after approval by the U.K. Parliament. The European Parliament approves the deal six days later.
March 23, 2020: Johnson places U.K. in first lockdown due to COVID-19.
April 5, 2020: Johnson hospitalized and later moved to intensive care with COVID-19. He was released from the hospital on April 12, thanking the nurses who sat with him through the night to make sure he kept breathing.
Nov. 3, 2021: The government orders Conservative lawmakers to support a change in ethics rules to delay the suspension of Johnson supporter Owen Paterson, who had been censured for breaching lobbying rules. The measure passes.
Nov. 4, 2021: Facing an angry backlash from lawmakers of all parties, Johnson reverses course and allows lawmakers to vote on Paterson’s suspension. Paterson resigns.
Nov. 30, 2021: British media begin reporting allegations that government officials attended parties in government offices during November and December 2020 in violation of COVID-19 lockdown rules. The scandal grows over the coming weeks, ultimately including reports of more than a dozen parties. Johnson maintains that there were no parties and no rules were broken, but opposition leaders criticize the government for breaking the law as others sacrificed to combat the pandemic.
Dec. 8, 2021: Johnson authorizes investigation into “Partygate” scandal. Pressure builds for a leadership challenge, but fizzles.
March 23, 2022: The government announces a mid-year spending plan that is is criticized for doing too little to help people struggling with the soaring cost of living. Treasury chief Rishi Sunak refuses to delay a planned income tax increase or impose a windfall profits tax on oil and gas companies benefiting from rising energy prices.
April 9, 2022: Johnson meets Ukrainian President Volodymyr Zelenskyy in Kyiv, pledging a new package of military and economic support. The move helps bolster Johnson and his supporters, who argue that the government should be focused on the crisis in Ukraine and other major issues, not domestic political squabbles.
April 12, 2022: Johnson is fined 50 pounds ($63) for attending one of the parties. Johnson apologizes. Opposition parties characterize him as the first U.K. prime minister in history who has been shown to have broken the law while in office.
May 13, 2022: Unionists in Northern Ireland block government over Brexit trade rules.
May 18, 2022: Office for National Statistics releases data showing annual inflation accelerated to 9% in April, the highest in 40 years. The report fuels calls for the government to do more to combat a cost-of-living crisis fueled by soaring energy costs.
May 22, 2022: Findings of the Partygate investigation are published. It provides information on 16 gatherings at the Downing Street complex that houses the prime minister’s home and office and other government offices between May 2020 and April 2021. The report details instances of excessive drinking, property damage and disrespect to cleaners and security staff.
May 25, 2022: Johnson says he was “vindicated” by the Partygate investigation. Speaking to lawmakers, Johnson said he “briefly” attended some of the gatherings to thank departing staff members for their work but he had no knowledge of the excesses that occurred after he left.
May 26, 2022: Government reverses course on its tax decision on oil and gas companies and announces plans for a 25% windfall profits levy.
June 3, 2022: Johnson roundly booed as he walks up the steps of St. Paul’s cathedral to attend service of thanksgiving for Queen Elizabeth II during celebrations for her Platinum Jubilee, in what critics suggest is a defining moment that demonstrates his wavering support from the public.
June 6, 2022: Johnson wins confidence vote but some 41% of his party vote against him, placing his future leadership in doubt.
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Rhonda Shafner in New York contributed
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Follow AP’s full coverage of Brexit and British politics at: https://www.apnews.com/Brexit
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https://cw33.com/news/international/ap-international/uk-boris-johnsons-ups-and-downs-key-events-in-his-career/
| 2022-06-07T17:30:01Z
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NEW YORK, Aug. 18, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CSCO, KSS, YUMC, VZ, and MSFT.
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- CSCO: https://www.investorsobserver.com/lp/pr-options-lp-2/?symbol=CSCO&prnumber=081820227
- KSS: https://www.investorsobserver.com/lp/pr-options-lp-2/?symbol=KSS&prnumber=081820227
- YUMC: https://www.investorsobserver.com/lp/pr-options-lp-2/?symbol=YUMC&prnumber=081820227
- VZ: https://www.investorsobserver.com/lp/pr-options-lp-2/?symbol=VZ&prnumber=081820227
- MSFT: https://www.investorsobserver.com/lp/pr-options-lp-2/?symbol=MSFT&prnumber=081820227
(Note: You may have to copy this link into your browser then press the [ENTER] key.)
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
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https://www.mysuncoast.com/prnewswire/2022/08/18/thinking-about-trading-options-or-stock-cisco-systems-kohls-yum-china-holdings-verizon-or-microsoft/
| 2022-08-18T15:47:56Z
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BEIJING (AP) — China’s export growth tumbled in April as global demand weakened, adding to pressure on the world’s second-largest economy after Shanghai and other industrial cities were shut down to fight virus outbreaks.
Exports rose 3.7% over a year earlier to $273.6 billion, down sharply from March’s 15.7% growth, customs data showed Monday. Reflecting weak Chinese demand, imports crept up 0.7% to $222.5 billion, in line with the previous month’s growth below 1%.
Demand for Chinese exports is under pressure from high inflation and interest rate hikes in the United States and other major markets and consumer uncertainty about the economic outlook and job prospects.
Companies and investors worry the ruling Communist Party’s “zero-COVID” strategy that temporarily closed most businesses in Shanghai and other industrial centers will disrupt global trade and activity in autos, electronics and other industries.
“Virus disruptions continued to take a toll but the main headwind to exports is weakening foreign demand,” said Julian Evans-Pritchard of Capital Economics in a report. “We expect export volumes to fall further over the coming quarters.”
Forecasters expect Chinese industrial activity to improve this month as infections ease, but President Xi Jinping last week affirmed Beijing’s commitment to “zero-COVID,” prompting expectations it will weigh on manufacturing, retailing and trade.
Exports to the United States rose 9.5% to $46 billion despite lingering tariff hikes in a fight over Beijing’s technology ambitions. Imports of American goods advanced 0.9% to $13.8 billion.
China’s global trade surplus widened by 19.4% to $51.1 billion while the politically volatile surplus with the United States contracted by 65% to $9.8 billion.
China’s case numbers in its latest outbreaks are relatively low, but Beijing’s insistence on isolating every infected person kept most of Shanghai’s 25 million people confined to their homes. Access to Guangzhou, a manufacturing and trading center in the south, and industrial center Changchun in the northeast were suspended.
Authorities have eased controls on Shanghai and allowed millions of people out of their homes, but restrictions have tightened in Beijing and some other cities.
Managers of the Port of Shanghai, the world’s busiest, say it is functioning normally, but figures they cite for daily cargo volume it handles are down 30% from normal. Shippers say they are avoiding the port out of concern there aren’t enough truck drivers available to carry their goods.
Auto factories and other manufacturers that tried to keep operating by having staff live at their facilities were forced to reduce or stop production because supplies of components were disrupted.
China’s economy grew by a weak 4.8% over a year earlier in the quarter ending in March, up from 4% from the final three months of 2021. Economists warned, however, there would be more downward pressure on activity in the April-June quarter due to anti-virus controls.
Consumer demand for imports has been depressed by an official campaign to cut debt in China’s vast real estate industry, which supports millions of jobs. That triggered an economic slowdown in the second half of 2021.
Weak Chinese demand can have global repercussions, depressing imports of oil, iron ore, industrial components and consumer goods.
Exports to the 27-nation European Union rose 8% to $43.1 billion while imports of European goods gained 12.5% to $23.4 billion. China’s trade surplus with Europe widened by 49.6% to $19.6 billion.
Imports from Russia, a major gas supplier, jumped 56.6% over a year earlier to $8.9 billion, possibly reflecting the surge in global energy prices due to jitters over supply disruptions caused by Moscow’s war on Ukraine.
Beijing has criticized trade and financial sanctions imposed on Moscow by the United States, Europe and Japan. But Chinese companies appear to be abiding by them while trying to guard against possible losses in dealings with Russia.
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https://cw33.com/business/ap-business/china-trade-weakens-after-cities-shut-down-to-fight-virus/
| 2022-05-10T00:59:25Z
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The Company currently has five brand offerings that are environmentally sustainable alternatives to plastic bottles.
WESTON, Fla., June 14, 2022 /PRNewswire/ -- Golden Grail Technology (OTC: GOGY) www.GoldenGrailBeverages.com is a fast-growing company with a strategic mission to innovate, build and streamline the growth of its beverage portfolio through fiscally responsible investing announces acquiring KOZ Water https://kozwater.com/. KOZ Water is a premium purified and pH balanced water packaged in completely plastic-free 12oz and 16oz cans. KOZ Water has had much success on Amazon and on the West Coast.
As bottled water exploded in popularity, it has contributed to a growing environmental problem. Sales of bottled water now exceed those of soda and beer in the U.S. Source: BusinessInsider.com. Despite efforts to encourage recycling in cities across the country, plastic bottles used for soda and water are rarely recycled, research shows, and the U.S. was the 20th biggest contributor to plastic waste in the oceans (out of 192 countries) as a result, in part, of our thirst for bottled beverages.
Aluminum, meanwhile, has emerged as a major competitor to plastic bottles according to data from the International Bottled Water Association.
"Aluminum is infinitely recyclable, and cans are the single-most recycled beverage package in the world," said Sherrie Rosenblatt, spokeswoman for the Can Manufacturers Institute, a trade group. "In a world that is increasingly concerned about scarce resources, aluminum cans have the ability to be recycled over and over, forever, without losing strength or quality."
"Single use plastic water bottles exist because there are times in life when one time use is either an easier option or the only option. KOZ Water provides a better option for those moments. KOZ Water, a premium canned purified water, offers an infinitely recyclable alternative to plastic water bottles," Eduard Abel, Co-Founder of KOZ Water. "We are thrilled to become part of the Golden Grail family of brands to fuel the next phase of growth for the KOZ Water brand. They have the expertise and distribution to expand further than we could have on our own which means more cans in hands and less plastic in our landfills and waterways."
Golden Grail recently assured its dedication to environmental initiatives and their overall commitment to their Environmental, Social and Governance factors. This past March they announced their ownership of Cause Water https://causewater.com/ a pristine mountain spring water, packaged in an aluminum 16oz can with a resealable cap, with a mission to help the global issue of plastic waste. They also announced switching their newly acquired popular kids brand Tickle Water https://www.drinkticklewater.com/ to an aluminum can. In addition, their energy drink Spider is offered in an aluminum can. The Company currently has five brand offerings that are environmentally sustainable alternatives to plastic bottles, Spider Energy, Cause Water, Tickle Water, Sketch Can and KOZ Water.
"Reducing plastic waste should be a top priority for all beverage companies. As a leader and innovator in the beverage industry, we recognize the significant role Golden Grail Beverages can play in helping to change the way our communities consume and dispose of single-use water. As Americans drink more bottled water than ever before, environmental advocates are pushing companies to put water in aluminum cans instead of plastic. Golden Grail is ahead of this trend and we will capture sales and momentum," Steven Hoffman, CEO, Golden Grail Tech Beverages.
Golden Grail is a fast paced, progressive beverage company interested in building out a portfolio of relevant brands, in emerging and high-growth categories in order to bring long-term shareholder value.
Golden Grail Technology (OTC: GOGY) www.GoldenGrailBeverages.com is a fast-growing company with a strategic mission to innovate, build and streamline the growth of its beverage portfolio through fiscally responsible investing. The company targets brands that have a proven sales history, loyal consumer following, retail presence and strong value proposition who need assistance to get to the next few levels. Golden Grail has been actively acquiring brands within emerging and growing beverage categories. Our robust product offerings include Spider Energy Drink, Trevi Fruit Essence Water, Tickle Water for kids, Sketch Can for Tweens, Cause Water helping reduce global plastic pollution and Scorpion Energy Hemp/CBD.
After an acquisition, the company utilizes a series of operational technologies to apply its business expertise, fiscal techniques and various manufacturing processes know-how to improve the economics and performance of each brand while advancing marketing and distribution for its beverage holdings. The company's focus on sophisticated management and development of beverage brands, coupled with its rapidly growing and recognizable portfolio of healthy, functional beverages sets Golden Grail apart as a leader in acquiring and advancing existing beverage brands.
For more information on Golden Grail Technology Beverages (OTC: GOGY) visit
www.GoldenGrailBeverages.com
https://www.facebook.com/GoldenGrailTechBeverages
https://twitter.com/golden_grail
Podcast: https://epodcastnetwork.com/disruption-in-the-marketplace-with-erin-heit-of-golden-grail-technology-corp
Cause Water is Pristine Mountain Spring Water with a Cause
Cause Water has three key initiatives be a vessel for change, do your part and encouraging consumers to join the cause, by drinking Cause Water. A fully recyclable aluminum bottle and cap supports its core mission of plastic reduction and ocean preservation. Cause Water can be found in high-end, influential natural food stores along the West Coast.
For more information visit:
https://www.facebook.com/CauseWaterBeverage
https://www.instagram.com/cause_water/
Tickle Water is a premium sparkling water company dedicated to providing honest and clean hydration. Tickle Water is the first sparkling water in the market created specifically for children, yet enjoyed by all ages, complete with delicious flavors and a recyclable can, making it the perfect beverage for any occasion. Every can of Tickle Water is simply made with premium sparkling water and natural flavors without artificial ingredients, sugar, sodium, or preservatives.
For more information visit http://www.drinkticklewater.com
https://www.facebook.com/drinkticklewater
'Sketch Can' - The first and only 'sketch can' features a personalization space and a social media hash tag to invite Tickle fans to interact with the brand by drawing on the can and then sharing their custom can on Tik Tok. 'Sketch Can' provides kids with a brand they can call their own. It is a healthy premium sparkling water and natural flavors without artificial ingredients, sugar, sodium, or preservatives. 'Sketch Can' comes in a fully recyclable package, in two delicious flavors Watermelon and Sour Green Apple. Kids won't be able to resist the urge to sip and sketch.
Trevi Essence Water is a true clean-label beverage with a superior flavor that stays true to the fruit. Trevi has zero sugar, zero calories, no preservatives, no artificial ingredients, gluten free, vegan, kosher and diet friendly. Trevi comes in four delicious flavors Mango Orange, Coconut Lime, Peach and Grapefruit.
For more information visit www.DrinkTrevi.com
https://www.facebook.com/DrinkTrevi
Spider Energy Drink is packed with serious energy. This formula is the perfect balance of energy boosting B-vitamins, Taurine, Guarana, Ginseng, Key Levels of Amino Acids and herbal extracts. Made with 100% real sugar, Spider Energy is known as one of the best tasting with a fresh-citrus, smooth and refreshing flavor, without the medicinal aftertaste associated with most energy drinks.
For more information visit
https://spiderenergydrink.com/
https://www.facebook.com/SpiderEnergyDrink
https://www.instagram.com/spiderenergydrink/
This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise.
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SOURCE Golden Grail Technology Corp
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https://www.kxii.com/prnewswire/2022/06/14/golden-grail-tech-beverages-announces-their-acquisition-koz-water/
| 2022-06-14T12:50:04Z
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Criminals using deed fraud, identity theft to steal homes
SCOTTSDALE, Az. (3TV/CBS5/Gray News) - Debi Gotlieb knew something was wrong when she could not find her late father’s home on the county assessor’s webpage.
The property was tied up in probate and should have been listed as owned by her father, Jerry Gotlieb, who died in March of 2018 at the age of 84.
“So, I put in his address, and it said that it belonged to Zillow. And it showed that it was on the market,” said Gotlieb, who is a real estate agent. “I went to MLS, and it was empty.”
All of her father’s possessions were gone. Gotlieb said she drove to the home, called the real estate agent who sold the house to Zillow, and called the police.
“I told the police, ‘I don’t know what happened, but it’s cleaned out, and it’s not in my name.’ And he said, ‘Stay out of the house. It’s not your house,’” Gotlieb explained to AZ Family.
“When Debi came to me, the immediate response was how are we going to get this woman’s house back?” said David Degnan, the lawyer Gotlieb hired.
Degnan said at that point, time was of the essence because if the house were sold again, it would become more difficult to get it back.
“We had to get the property back immediately,” Degnan said.
What Gotlieb did not know at the time was that she had fallen victim to a growing crime called “Deed Fraud.” A simple Google search shows examples of deed fraud taking place all over the country.
“There are so many different stories of how deed fraud occurs,” explained Jesi Wolnik, a real estate attorney who studies and works on deed fraud cases.
Wolnik says one study from a title company estimated that 90 percent of deed fraud is carried out by family members or friends of the victim. The remaining 10 percent of cases involve criminals who target the victims.
“They’re creating fake documents. They’re recording them,” Wolnik said. “They’re obviously very successful, or they would not be doing this.”
Degnan was able to get Gotlieb’s home back after sending a demand letter to Zillow. A spokesperson for Zillow responded to Arizona’s Family Investigates with the following statement:
“Unfortunately, in 2019, Zillow was made aware of an identity theft related to a home we purchased, so we withdrew the sale and returned the deed to the family.”
Meantime, Scottsdale Police detectives were making headway in figuring out who sold the house and how.
In December of 2021, they arrested 30-year-old Vicente Anzu. He was charged with theft, forgery, and identity theft in connection to this case.
Anzu is a resident of California. He was somehow able to impersonate a deceased 84-year-old when he presented himself as the owner of the home.
“The criminal had an ID, and it showed that he was born in 1988. My dad bought the house in 1978. Nobody put that together,” said Gotlieb.
And the fact that Anzu reportedly signed notarized documents in California helped detectives.
“If he would have signed here, he would have never been caught. But in California, the two notaries took fingerprints. Here we don’t take fingerprints,” said Gotlieb.
Gotlieb managed to get the house back, but her father’s belongings were long gone.
According to the Scottsdale Police report into the incident, Anzu, or a co-conspirator, told the real estate agents involved in the sale to get rid of everything in the home.
“All of our family pictures were gone. They tossed them. So it was, it was hard,” said Gotlieb.
“Who really would get rid of every family mementos, medals, certificates, photos? Things that can’t be replaced?” said Wolnik, who just designed a course on deed fraud for real estate agents.
Degnan said Gotlieb’s persistence and knowledge of how real estate transactions occur made a big difference in the case.
“I think the luck was that she was also a realtor too. And that she was able to see what’s coming on the market. And when you see your property coming on the market, it’s kind of a scary thing,” Degnan said.
With the incident behind her, Gotlieb said she is still frustrated that nobody along the chain of sale spotted the multiple red flags.
“I, today, could get a fake ID and go record a deed and own your house,” said Gotlieb. “You would think that there was something in place to protect an owner. There is nothing in place.”
Copyright 2022 KTVK/KPHO via Gray Media Group, Inc. All rights reserved.
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https://www.kxii.com/2022/05/24/criminals-using-deed-fraud-identity-theft-steal-homes/
| 2022-05-24T19:25:49Z
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HOUSTON, May 12, 2022 /PRNewswire/ -- KLX Energy Services Holdings, Inc. (Nasdaq: KLXE) ("KLXE" or the "Company") today reported financial results for the first quarter ended March 31, 2022. We also make reference to the two months ended December 31, 2021 ("Transition Fourth Quarter"), the three months ended December 31, 2021 ("Pro Forma Prior Year Fourth Quarter") and the three months ended March 31, 2021 ("Pro Forma Prior Year First Quarter").
- First quarter 2022 revenue of $152.3 million increased 5% sequentially
- Generated first quarter 2022 net loss of $19.9 million and Adjusted EBITDA of $4.9 million
- Exited the first quarter of 2022 on a strong monthly run-rate, generating March revenue of $57.7 million, net loss of $6.0 million and Adjusted EBITDA of $3.8 million
- Increasing 2022 revenue guidance to a range of $690 million to $710 million
- Ended the first quarter of 2022 with $54.6 million of available liquidity, consisting of $19.4 million of cash and $35.2 million of available borrowing capacity on the March 31, 2022 ABL Facility Borrowing Base Certificate (net of $12.4 million fixed charge coverage ratio ("FCCR") holdback)
See "Non-GAAP Financial Measures" at the end of this release for a discussion of Adjusted EBITDA, Adjusted EBITDA margin, free cash flow, net working capital and their reconciliation to the most directly comparable financial measure calculated and presented in accordance with U.S. generally accepted accounting principles ("GAAP"). We have not provided reconciliations of our future expectations as to Adjusted EBITDA or Adjusted EBITDA margin as such reconciliation is not available without unreasonable efforts. In addition, for comparative purposes, we have also presented Pro Forma Operating Income (Loss) and Adjusted EBITDA for the three months ended March 31, 2021 and December 31, 2021 in the Additional Selected Operating Data section below.
Chris Baker, President and Chief Executive Officer of KLXE, stated, "We are excited about our positioning and the strength of the market as we exited Q1. As we previously disclosed in our 2021 fourth quarter release and conference call, the first quarter of 2022 got off to a slow start due to seasonally slow activity in January, magnified by Omicron quarantines, and weather-related issues in early February. We then quickly accelerated into a more active market in late February and March and are bullish about our prospects for the second quarter and the remainder of 2022 as the pricing environment for the bulk of our services is rapidly improving. Driven by the constructive current market backdrop, we expect sequential revenue growth of 16% to 20% and Q2 Adjusted EBITDA margins of 7% to 9%, as well as continued improvement as we progress through the remainder of the second quarter and 2022."
Revenue for the first quarter of 2022 totaled $152.3 million, an increase of 61% compared to Transition Fourth Quarter revenue of $94.4 million. The increase in revenue reflects one less month in the transition quarter. On a product line basis, drilling, completion, production and intervention services contributed approximately 28.2%, 50.5%, 11.7% and 9.6%, respectively, to the first quarter of 2022.
Net loss for the first quarter of 2022 was $19.9 million, compared to Transition Fourth Quarter net loss of $13.2 million. Adjusted EBITDA for the first quarter of 2022 was $4.9 million, compared to Transition Fourth Quarter Adjusted EBITDA of $3.6 million.
The Company reports revenue and Adjusted EBITDA through three geographic business segments: Rocky Mountains, Southwest and Northeast/Mid-Con.
The following is a tabular summary of revenue, operating loss and Adjusted EBITDA for the first quarter ended March 31, 2022 and Transition Fourth Quarter ended December 31, 2021 ($ in millions). Note for comparability between the first quarter and Transition Fourth Quarter that there is one less month in the Transition Fourth Quarter.
Revenue for the first quarter of 2022 totaled $152.3 million, an increase of 5% compared to Pro Forma Prior Year Fourth Quarter revenue of $145.0 million. The increase in revenue reflects the overall increase in activity and pricing that the Company has experienced in the quarter.
Net loss for the first quarter of 2022 was $19.9 million, compared to Pro Forma Prior Year Fourth Quarter net loss of $18.6 million. Adjusted EBITDA for the first quarter of 2022 was $4.9 million, which represents a decrease of 27% compared to Pro Forma Prior Year Fourth Quarter Adjusted EBITDA of $6.7 million. This decrease is due to seasonality, weather and employee-related costs including the previously disclosed reinstatement of the 401(k) match, certain stand-up costs to procure equipment and employees incurred by the Company in anticipation of the activity increase in March, COVID-19 quarantine costs and cost inflation associated with labor, raw materials and finished goods. The Company exited the first quarter of 2022 on a 6.6% monthly Adjusted EBITDA margin run-rate.
The Company reports revenue and Adjusted EBITDA through three geographic business segments: Rocky Mountains, Southwest and Northeast/Mid-Con.
- Rocky Mountains: Revenue, operating loss and Adjusted EBITDA for the Rocky Mountains segment was $43.3 million, $0.8 million and $4.7 million, respectively, for the first quarter of 2022. Revenue represents a 23% increase over Pro Forma Prior Year Fourth Quarter of 2021 largely driven by an increase in activity throughout the DJ Basin and Wyoming in coiled tubing, fishing, rentals, wireline and dissolvable plugs sales.
- Southwest: Revenue, operating loss and Adjusted EBITDA for the Southwest segment, which includes the Permian and South Texas, was $51.9 million, $0.4 million and $4.2 million, respectively, for the first quarter of 2022. Revenue represents a 3% increase over the Pro Forma Prior Year Fourth Quarter of 2021 largely driven by an increase across service lines, with directional drilling, frac rentals and fishing experiencing the largest increases.
- Northeast/Mid-Con: Revenue, operating loss and Adjusted EBITDA for the Northeast/Mid-Con segment was $57.1 million, $0.8 million and $2.7 million, respectively, for the first quarter of 2022. Revenue represents a 4% decrease over Pro Forma Prior Year Fourth Quarter of 2021 largely due to comparative declines in directional drilling and dissolvable plugs sales in the region.
The following is a tabular summary of revenue, operating loss and Adjusted EBITDA for the first quarter ended March 31, 2022 and Pro Forma Prior Year Fourth Quarter ended December 31, 2021 ($ in millions):
Total debt outstanding as of March 31, 2022 was $275.1 million, compared to $274.8 million as of December 31, 2021. The increase in total debt was driven by amortization of debt issuance costs. As of March 31, 2022, cash and equivalents totaled $19.4 million. Total liquidity as of March 31, 2022 was $67.0 million and available liquidity was $54.6 million, including net availability of $35.2 million available on the March 31, 2022 ABL Facility Borrowing Base Certificate, net of $12.4 million FCCR holdback. The Senior Secured Notes bear interest at an annual rate of 11.5%, payable semi-annually in arrears on May 1st and November 1st. Accrued interest as of March 31, 2022 was $12.0 million for the Senior Secured Notes and $0.3 million related to the ABL facility. As of April 30, 2022, cash and available liquidity balances were $38.8 million and $57.7 million on the April 30, 2022 ABL Facility Borrowing Base Certificate (net of $13.1 million FCCR holdback), respectively.
Net working capital as of March 31, 2022 was $45.9 million, which was up 13% from December 31, 2021 levels, driven by a reduction in days payable outstanding as we mitigated supply chain concerns, and was offset by a reduction in days sales outstanding.
Capital expenditures were $5.8 million during the first quarter of 2022, an increase of $2.3 million, or 66% compared to capital expenditures of $3.5 million in the Transition Fourth Quarter of 2021. Capital spending during the first quarter was driven primarily by maintenance capital expenditures across our segments. KLXE continues to expect fiscal year 2022 capital spending to be between $25.0 and $30.0 million and will be primarily focused on maintenance capital spending. As of March 31, 2022, we had $1.9 million of assets held for sale and, in the second quarter of 2022, we expect to increase the balance of assets held for sale by $4.0 to $6.0 million, as we look to further optimize our real estate footprint. We will continue to evaluate the market conditions and adjust maintenance capital spending based on changes in activity.
We are currently working to selectively electrify our core equipment fleet of wireline and coiled tubing assets and we believe we are a market leader in each of these areas. In the first quarter of 2022, we placed a factory order for electric vehicles accounting for 100% of our city-oriented fleet. The vehicles have expected delivery in the fourth quarter of 2022 and will replace internal combustion engine vehicles in the current KLXE fleet. Additionally, we are operating two electric hybrid wireline units, with two additional unit conversions being planned for 2022, one electric hybrid coiled tubing unit, and one electric hybrid snubbing unit.
KLXE has scheduled a conference call for 9:00 a.m. Central Time (10:00 a.m. Eastern Time) on Friday, May 13, 2022, to review reported results. You may access the call by telephone at 1-201-389-0867 and ask for the KLXE 2022 First Quarter Conference Call. The webcast of the call may also be accessed through the Investor Relations section of the Company's website at https://investor.klxenergy.com/events-and-presentations/events. A replay of the call can be accessed on the Company's website for 90 days and will be available by telephone through May 27, 2022, at 1-201-612-7415, access code 13729162#.
KLXE is a growth-oriented provider of diversified oilfield services to leading onshore oil and natural gas exploration and production companies operating in both conventional and unconventional plays in all of the active major basins throughout the United States. The Company delivers mission critical oilfield services focused on drilling, completion, production, and intervention activities for technically demanding wells from over 60 service and support facilities located throughout the United States. KLXE's complementary suite of proprietary products and specialized services is supported by technically skilled personnel and a broad portfolio of innovative in-house manufacturing, repair and maintenance capabilities. More information is available at www.klxenergy.com.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements to encourage companies to provide prospective information to investors. This news release (and any oral statements made regarding the subjects of this release, including on the conference call announced herein) includes forward-looking statements that reflect our current expectations and projections about our future results, performance and prospects. Forward-looking statements include all statements that are not historical in nature and are not current facts. When used in this news release (and any oral statements made regarding the subjects of this release, including on the conference call announced herein), the words "believe," "expect," "plan," "intend," "anticipate," "estimate," "predict," "potential," "continue," "may," "might," "should," "could," "will" or the negative of these terms or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on our current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events with respect to, among other things: our operating cash flows; the availability of capital and our liquidity; our ability to renew and refinance our debt; our future revenue, income and operating performance; our ability to sustain and improve our utilization, revenue and margins; our ability to maintain acceptable pricing for our services; future capital expenditures; our ability to finance equipment, working capital and capital expenditures; our ability to execute our long-term growth strategy and to integrate our acquisitions; our ability to successfully develop our research and technology capabilities and implement technological developments and enhancements; and the timing and success of strategic initiatives and special projects.
Forward-looking statements are not assurances of future performance and actual results could differ materially from our historical experience and our present expectations or projections. These forward-looking statements are based on management's current expectations and beliefs, forecasts for our existing operations, experience, expectations and perception of historical trends, current conditions, anticipated future developments and their effect on us and other factors believed to be appropriate. Although management believes the expectations and assumptions reflected in these forward-looking statements are reasonable as and when made, no assurance can be given that these assumptions are accurate or that any of these expectations will be achieved (in full or at all). Our forward-looking statements involve significant risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. Known material factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, risks associated with the following: a decline in demand for our services, including due to the ongoing COVID-19 pandemic, declining commodity prices, overcapacity and other competitive factors affecting our industry; the cyclical nature and volatility of the oil and gas industry, which impacts the level of exploration, production and development activity and spending patterns by E&P companies; a decline in, or substantial volatility of, crude oil and gas commodity prices, which generally leads to decreased spending by our customers and negatively impacts drilling, completion and production activity; and other risks and uncertainties listed in our filings with the U.S. Securities and Exchange Commission, including our Current Reports on Form 8-K that we file from time to time, Quarterly Reports on Form 10-Q and Transition Report on Form 10-K. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except as required by law.
KLX Energy Services Holdings, Inc.
Additional Selected Operating Data
(Unaudited)
This release includes Adjusted EBITDA, free cash flow, and net working capital measures. Each of the metrics are "non-GAAP financial measures" as defined in Regulation G of the Securities Exchange Act of 1934.
Adjusted EBITDA is a supplemental non-GAAP financial measure that is used by management and external users of our financial statements, such as industry analysts, investors, lenders and rating agencies. Adjusted EBITDA is not a measure of net earnings or cash flows as determined by GAAP. We define Adjusted EBITDA as net earnings (loss) before interest, taxes, depreciation and amortization, further adjusted for (i) goodwill and/or long-lived asset impairment charges, (ii) stock-based compensation expense, (iii) restructuring charges, (iv) transaction and integration costs related to acquisitions, (v) costs incurred related to the COVID-19 pandemic and (vi) other expenses or charges to exclude certain items that we believe are not reflective of ongoing performance of our business. Adjusted EBITDA is used to calculate the Company's leverage ratio, consistent with the terms of the Company's ABL facility.
We believe Adjusted EBITDA is useful because it allows us to more effectively evaluate our operating performance and compare the results of our operations from period to period without regard to our financing methods or capital structure. We exclude the items listed above in arriving at Adjusted EBITDA because these amounts can vary substantially from company to company within our industry depending upon accounting methods and book values of assets, capital structures and the method by which the assets were acquired. Adjusted EBITDA should not be considered as an alternative to, or more meaningful than, net income as determined in accordance with GAAP, or as an indicator of our operating performance or liquidity. Certain items excluded from Adjusted EBITDA are significant components in understanding and assessing a company's financial performance, such as a company's cost of capital and tax structure, as well as the historic costs of depreciable assets, none of which are components of Adjusted EBITDA. Our computations of Adjusted EBITDA may not be comparable to other similarly titled measures of other companies.
We define free cash flow as net cash provided by operating activities less capital expenditures and proceeds from sale of property and equipment. Our management uses free cash flow to assess the Company's liquidity and ability to repay maturing debt, fund operations and make additional investments. We believe that free cash flow provides useful information to investors because it is an important indicator of the Company's liquidity, including its ability to reduce net debt, make strategic investments and repurchase stock.
Net working capital is calculated as current assets, excluding cash, less current liabilities, excluding accrued interest and finance lease obligations. We believe that net working capital provides useful information to investors because it is an important indicator of the Company's liquidity.
The following tables present a reconciliation of the non-GAAP financial measures of Adjusted EBITDA and free cash flow to the most directly comparable GAAP financial measure for the periods indicated:
The following table presents a reconciliation of the non-GAAP financial measure of free cash flow to the most directly comparable GAAP financial measure for the periods indicated:
The following table presents a reconciliation of the non-GAAP financial measure of net working capital to the most directly comparable GAAP financial measure for the periods indicated:
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SOURCE KLX Energy Services Holdings, Inc.
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https://www.wibw.com/prnewswire/2022/05/12/klx-energy-services-holdings-inc-reports-first-quarter-2022-results/
| 2022-05-12T21:21:39Z
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NEW YORK, Aug. 28, 2022 /PRNewswire/ -- Can Traditional Chinese Medicine (TCM) really help women suffering from gynecological issues?
Indeed, it can, several doctors said at the recent "2022 US-China Integrated Western and Chinese Medicine Symposium," that took over Zoom on August 25th, thanks to the Committee of Medical Collaboration of the Sino-American Friendship Association, (SAFA), and the US-China Center for TCM.
Distinguished doctors from China, including Dr. Minru Liu, the first women living legend of a TCM master; Dr. Songping Luo, Yale senior visiting scholar and a leading inheritor of Gynecology Master Yuankai Luo; Dr. Yigong Fang, Vice-Dean of China Academy of Chinese Medical Sciences Hospital of Acupuncture and Moxibustion, as well as US experts in the field, including Dr. Ting Bao, Director of Integrative Breast Oncology Program of Memorial Sloan Kettering Cancer Center and Dr. Tony Tsai, Director of New York Fertility Center, shared their knowledge with over 3,800 participants from the US and around the world.
All of the doctors shared new ideas on a coordinated integration of western and Chinese medicine. The Chinese doctors shared that integration of TCM and acupuncture, combined with Western medicine, can be helpful to women with fertility issues while the Western doctors agreed that a combination therapy could be beneficial.
Guolin Zhou, Counselor of the Chinese Consulate General in New York, noted that "the philosophy of the TCM has great impact, and enjoys a very bright future."
Li Li, co-chair of the Committee of Medical Collaboration of the Sino-American Friendship Association, added: "We are hopeful this event will help to enhance communication between medical professionals and strengthen the exchanges and collaborations between the U.S and China, so more people can benefit from it."
New York State Governor Kathleen Hochul, in her congratulatory letter noted that "the partnership among healthcare officials, doctors and professors, to discuss unique perspectives between western and Chinese medicines is important in exploring various treatment options."
New York Mayor Eric Adams and US Congresswoman Grace Meng also sent congratulatory letters.
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SOURCE SAFA
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https://www.wibw.com/prnewswire/2022/08/28/safa-top-medical-experts-offer-advice-traditional-chinese-medicine-treatment-female-disorders/
| 2022-08-28T22:25:18Z
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HONG KONG, July 13, 2022 /PRNewswire/ -- Nowadays, with the continuous development of consumer experience economy, art and commercial products are now intertwined and the consumers' demand on smart devices keeps evolving and aspires to be connected with a better future. With this background, TECNO is paving the way for a future of greater smart devices with fusion of art and technology, ushering in a design revolution that aims to give consumers more confidence to show their style and identity through the cutting-edge technology. The introduction of the CAMON 19 Pro Mondrian Edition is just the beginning for TECNO, with plans to carry this philosophy through to other product lines.
"Our 'stop at nothing' philosophy is what has made TECNO so successful in delivering users products that push the boundaries of what's possible with design and aesthetic," said Lucia Liu, Chief Brand Officer at TECNO. "Having won two major design awards already, we're excited for our special edition device to usher in yet another industry-first for TECNO and deliver consumers a smartphone experience that encompasses everything we stand for as a brand - limitless innovation in design and technology."
Through a partnership with the Museum of Fine Arts, Boston, the company unveiled the new device in the U.S. With this, TECNO CAMON 19 Pro Edition (Gift Set) is no longer a mere technology product but a philosophical artwork in the tradition of Mondrian, illustrating the power of nature and the essence of life.
"I love the idea that technology is now embracing art, pairing the past with the present. This combination helps create a product which is more desirable to the younger generation, who is looking for a story behind what they buy - something that evokes an emotional connection. That's really where art comes into play," said Debra LaKind, Senior Director, Intellectual Property & Business Development, Museum of Fine Arts, Boston. "Thanks to innovative and forward thinking companies like TECNO, we can experience art in our everyday lives with a piece of technology, like a cell phone."
In the coming months, expect to see more products from TECNO that continue to bring the world of art and technology together on the devices we are using every day.
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SOURCE TECNO MOBILE
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https://www.kxii.com/prnewswire/2022/07/14/tecno-promises-innovation-style-company-fuses-art-technology-into-smart-devices/
| 2022-07-14T04:14:59Z
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RWD and machine learning methods employed to generate an Estimated EDSS (eEDSS) from OM1's PremiOM™ Multiple Sclerosis Dataset
BOSTON, June 23, 2022 /PRNewswire/ -- OM1, a leading real-world data, outcomes and technology company with a focus on chronic diseases, today announced the publication of their validation of a machine learning approach to estimate expanded disability status scale scores for multiple sclerosis in the Multiple Sclerosis Journal by Sage Publications.
Multiple sclerosis (MS) is an auto-immune, inflammatory disease that attacks the central nervous system (CNS) and causes a variety of neurological symptoms including muscle weakness, spasticity, fatigue, numbness, vision problems, dizziness, bowel and bladder dysfunction, depression and more. Nearly 1 million Americans suffer from MS. With no cure, delay in diagnosis and treatment can result in permanent disability. Existing medications aim to modify the disease course, treat relapses, and manage symptoms.
Once diagnosed, clinicians use the Expanded Disability Status Score (EDSS) to evaluate and measure disability levels in MS patients. Scores can help determine the course of illness, need for different levels of care, and help guide treatment decisions. The EDSS considers functional impairment in seven functional systems including pyramidal, cerebellar, brainstem, sensory, bladder and bowel, visual and cognitive. Although widely used in clinical trials, its use in routine clinical practice is limited due to the time required for clinicians to complete the scale and the complexity of scoring.
To address missing functional disability assessments, RWD and machine learning methods were used to generate estimated EDSS (eEDSS) scores. For this study, OM1 extrapolated data from the OM1 PremiOM MS Dataset to amplify and expand existing clinician rated EDSS scores. Nearly 14,000 MS patients with clinical notes were screened for a clinician EDSS score that was extracted from the notes using medical language processing (MLP) methods and a test set of 684 patients with 3,489 scores was further divided into a model training cohort (75%) and a model validation cohort (25%). The results showed an area under the curve of 0.91 with positive and negative predictive values of +/-0.85 (see the full study here).
"It is exciting to see a machine learning model that performs at this level based on real-world data," said Dr. Carl Marci, Chief Psychiatrist and Managing Director of Mental Health & Neuroscience at OM1 and one of the authors on the paper. "Importantly, it can be easily applied to a neurologist's clinical note - saving time for clinicians and adding valuable tracking information for patients."
The PremiOM MS Dataset is a continually updating database of more than 19,400 MS patients prospectively followed with deep clinical, laboratory and other data, such as longitudinal outcomes, Expanded Disability Status Scale (EDSS) scores, relapses, subtypes, and treatment response. Additionally, researchers can tap into data from another 485,000 MS patients in the OM1 Real-World Data Cloud™, which can be used for modeling, analytics, and other research purposes.
To learn more about the OM1 eEDSS model or the PremiOM MS Dataset, please email info@om1.com.
This article, "Validation of a machine learning approach to estimate expanded disability status scale scores for multiple sclerosis," by Pedro Alves, Eric Green, Michelle Leavy, Haley Friedler, Gary Curhan, Carl Marci, and Costas Boussios, and published in Multiple Sclerosis Journal by Sage Publications will be free to access for a limited time and can be read here.
Contact
Renee Hurley
VP, Marketing, OM1
617-620-9571
rhurley@om1.com
With specialization in chronic conditions, OM1 is re-imagining real-world data and evidence by developing large electronically connected networks of clinicians and health data in rheumatology, dermatology, gastroenterology, cardiometabolic, respiratory, mental health, central nervous system, and other specialty areas. Leveraging its extensive clinical networks and artificial intelligence (AI) platform, OM1 offers industry leading enriched healthcare datasets, research analytics, data modeling, decision support, and retrospective and prospective clinical studies. With a focus on high-quality data and clinical outcomes, the offerings are used for accelerating research, demonstrating treatment effectiveness, supporting regulatory submissions, monitoring safety, and informing commercialization.
Learn more at www.om1.com.
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SOURCE OM1
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https://www.kxii.com/prnewswire/2022/06/23/om1-launches-new-estimation-model-expanded-disability-status-score-edss-multiple-sclerosis-patients/
| 2022-06-23T20:46:17Z
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Run with more security, visibility, and data to secure operations at scale
SAN JOSE, Calif., Sept. 7, 2022 /PRNewswire/ -- Netenrich, a leading security and operations analytics company, today announced its sponsorship of MSSP Alert Live. Presented by the CyberRisk Alliance and MSSP Alert, the inaugural event kicks off September 19 – 21, 2022 at The Watergate Hotel in Washington, D.C. Security leaders and practioners, representing top managed service providers (MSSPs and MSPs), will convene to discuss ways to advance their security operations practice.
Netenrich will showcase its Resolution Intelligence Cloud, a SaaS analytics platform, gaining widespread adoption with service providers for solving the data analytics, automation, and prioritization issues tied to security operations.
Conference attendees are invited to meet company representatives to share their most challenging security issues. They can learn how to better investigate, detect, analyze, and respond to critical threats and incidents that matter.
Conference Business Hall
- Netenrich Booth #17
- Monday, 9/19: 5:00 pm – 7:00 pm
- Tuesday 9/20: 7:30 am – 7:00 pm
- Wednesday 9/21: 7:30 am – 10:30 am
Schedule a time to speak with Netenrich by contacting marketing.info@netenrich.com
Designed for Service Providers and Enterprises
For large enterprises and managed service providers (MSPs, MSSPs, and GSIs), Resolution Intelligence Cloud uniquely solves the immediate challenges of upleveling cybersecurity services. With Netenrich, they can scale operations by:
- Streamlining threat analytics for service providers and their customers.
- Managing multiple Google Chronicle tenants with multi-level multitenancy which gives analysts the ability to manage and apply rules to one, some, or all tenants in one place for increased control and efficiency.
- Offering optional service packs including implementation, threat hunting and more.
Netenrich in Action
Resolution Intelligence Cloud is a data analytics SaaS platform for managing secure operations. The platform takes a risk-based approach to prioritize critical situations aligned to high-value business assets. It combines real-time analytics, artificial intelligence, and machine learning to provide situational awareness with intelligence to accurately predict, detect, score, and prioritize critical issues.
Netenrich's platform operationalizes Google Chronicle to deliver insights and context that speed resolution, promote scale, and keep operations aligned to risk. Built-in multitenancy and task automation streamline rule-building, threat analytics, case management, and collaboration out of the box. The platform does the hard work so service provider ops teams don't have to.
The open platform integrates with Chronicle, Siemplify, and other third-party technologies (like ServiceNow, Jira, OpsRamp) to correlate and analyze potential incidents. Using Google's BigQuery and native search, the platform intuitively processes advanced analytics and management.
To learn more about the Netenrich Resolution Intelligence Cloud™ for secure digital operations, visit https://netenrich.com/platform.
Resources
- Netenrich customers: service providers' testimonials
- "Evaluating TCO, Productivity, and Performance of SOC Solutions," webinar featuring Simon Aldama, Netenrich Sr. Director of Risk Ops Practice and Jonas Kelly, Google Head of Americas MSSP Partnerships
- Resolution Intelligence Cloud on Google Cloud Marketplace available here
- Resolution Intelligence Cloud and Chronicle overview
- Resolution Intelligence Cloud data sheet
Netenrich boosts the effectiveness of organizations' security and digital operations so they can avoid disruption and preempt risk. Its Resolution Intelligence Cloud™ is a native SaaS data analytics platform for managing secure operations. Resolution Intelligence uses advanced analytics and machine learning to transform security and operations data into intelligence that organizations can act on before critical issues occur. More than 3,000 customers and managed services providers rely on Netenrich to deliver secure operations at scale and speed.
Media Contact
John Kreuzer
Netenrich@luminapr.com
408-963-6418
Judy Kaneko
Judy.Kaneko@netenrich.com
669-600-1602
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SOURCE Netenrich
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https://www.mysuncoast.com/prnewswire/2022/09/07/netenrich-resolution-intelligence-cloud-mssp-alertsm-live-2022/
| 2022-09-07T16:32:36Z
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School district in Virginia apologizes for controversial logo printed on T-shirts
HANOVER, Va. (WWBT/Gray News) – A school district in Virginia is apologizing for a logo that appeared on a T-shirt during a conference this week after community members said it resembled a swastika.
The shirt from Hanover County Public Schools (HCPS) made its rounds on social media.
According to superintendent Michael Gill, the design was first unveiled at a professional learning conference for faculty and staff and printed on shirts for them to wear.
Shortly after its unveiling, an image of the logo was posted on social media, where it went viral and was immediately and nearly universally panned.
Current and former students said they are surprised no one in charge of making the shirts noticed the similarity to a swastika until now.
“It’s clear on what it is and what it resembles, so I don’t know how it could get this far without people claiming they don’t know what it is,” senior James Poole said. “But I’m also not surprised. It got that far judging by, you know, just the county that we’re in.”
While many say the symbol bears a striking similarity to the infamous Nazi symbol, the school district said the teacher who designed the logo was trying to represent four hands and arms grasping together as a symbol of unity.
“I don’t know how you couldn’t see the symbol that’s there,” former HCPS student Gabbie Dunn said. “I’m glad they released an apology, but I don’t know that an apology is enough given the fact that they released the shirt.”
Early Wednesday morning, the school district announced that it would no longer distribute the T-shirts that include the logo and that it was working to remove the logo from all conference materials.
“While we are confident that the logo was created without any ill-intent, we understand that this has deeply upset members of our staff and community who see the logo as resembling a swastika,” Gill said in an online statement.
In response, the Jewish Community Federation of Richmond said it appreciated the swift response from the superintendent, but CEO Daniel Staffenberg said he believes conversations must be had with the school for real healing to occur.
“I understand why people are angry. I, myself, am angry,” Staffenberg said. “I hope this was a simple oversight because the resemblance, while it’s not an official swastika, the resemblance would have raised a flag for many.”
In a statement, the Hanover NAACP also said they appreciate the school’s quick response but noted that the creation of the logo in the first place highlights the need for Hanover Schools to hire a diversity director to ensure things like this never happen again.
Copyright 2022 WWBT via Gray Media Group, Inc. All rights reserved.
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https://www.wibw.com/2022/08/04/school-district-virginia-apologizes-controversial-logo-printed-t-shirts/
| 2022-08-04T21:55:06Z
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Researchers in the remote Puna Desert of Argentina discover "extremophiles" that make plant growth possible on highly degraded soil, boost yields 9-13% on fertile soil and replace synthetic fertilizers
BUENOS AIRES, Argentina, Sept. 1, 2022 /PRNewswire/ -- Today Puna Bio announces $3.7 million in seed funding that will be used to commercially launch its first soybean seed treatment in Argentina that is cost competitive to existing biological solutions, expand field trials for wheat and corn, and pursue the regulatory pathway in the United States and Brazil.
The oversubscribed round is led by At One Ventures and Builders VC, with participation from Brazil-based SP Ventures and Air Capital, as well as follow-on from pre-seed funders IndieBio (SOSV), GLOCAL, and Grid Exponential.
Puna Bio's founding team has discovered and studied for over 20 years life in the Puna de Atacama of the Andes, a high-altitude desert (4500m above sea level) full of salt flats, active volcanoes, saline wetlands and desert soil. "La Puna" is the highest and driest desert on Earth, with one-fifth the rainfall of Death Valley. Yet even under those extreme conditions of degraded, acidic, UV-irradiated and salinated soil, there are organisms 3.5 billion years old that have not just survived, but thrived.
"By looking at the genomics of the bacteria from this harsh environment – which resembles primitive Earth, or even Mars – we were able to understand how specific genes generate processes that allow plants to overcome stress conditions," said co-founder and CRO María Eugenia Farías, who has studied La Puna for 20 years and published over 100 research papers on the topic. "Those properties can then be applied to food crops, to help them grow in similar environments with a lack of nutrients, drought conditions, drastic temperature changes and high UV radiation, which are all of the challenges we are seeing today."
One-third of the world's agricultural soil is now considered "degraded," due to continual plowing of fields, heavy use of fertilizers, pollution and erosion which is occurring at a pace of up to 100 times greater than the rate of soil formation, according to the United Nations.
In just the past few decades, agricultural production has increased 3X and irrigated land has doubled to meet the global demand for food, which is predicted to increase by 60-70% by 2050 as we hit a population of 9 billion, creating a potential food catastrophe.
"Without bold innovation, we will soon run out of healthy arable soil sufficient to feed the planet," said CEO and co-founder Franco Martínez Levis. "Puna Bio's seed treatment repairs and restores soil health with these proprietary extremophiles; we've seen yield increases of up to 25% in individual trials in high stress conditions."
"But the magic of these microbes extends beyond just land that is suffering," he added. "Like an athlete who trains at high altitudes, at sea level they will outperform. On regular land, with fertile soil, the seed treatment boost yields on average 9-13% – that's 3-4X more than the biologicals that the big players in this market are offering. Also, our 'win rate' is over 90%, compared to the 67% of our competitors, meaning the results are more consistent and the ROI to the farmer is clear."
Puna Bio has scaled to over 20,000 acres of product coverage for soybeans in Latin America, using both single strain and mixed strain products. They have obtained an exclusive license from the National Scientific and Technical Research Council of Argentina for exclusive use of strains for 20 years, globally, in compliance with the Nagoya Protocol.
"Scientists are working hard on GMOs like drought-tolerant soy and wheat, and we saw Puna Bio as a complement to those efforts," noted Laurie Menoud, founding partner of At One Ventures. "The problem of feeding our growing population is massive, so it's not an either-or. We need both genetics and biologicals (on cost parity to agrochemicals) to work together to elevate production levels without affecting natural resources while ensuring long-term sustainability of the agricultural business."
The company's seed treatment is shelf stable and is already being tested by farmers in the United States. They plan to expand their R&D team and conduct field trials for wheat and corn, both of which use very little biological treatments and are more reliant on agrochemicals, specifically nitrogen fertilizers.
Puna Bio's scientists have already identified and isolated specific strains of extremophiles that reduce the need for nitrogen fertilizer by approximately 20% and are carrying out field trials with new strains that aim to increase that number to 30%. Reduction of nitrogen fertilizers will in turn reduce carbon emissions, as they are currently the source of one-third of total agricultural emissions.
"Puna Bio, at scale, could be one of the most important mitigators of the effects of climate change on our food stock," said Mark Goldstein, Managing Partner of Builders VC. "It's an exciting journey to be part of and we're looking forward to seeing Puna Bio truly impact the marketplace."
About Puna Bio
Puna Bio focuses on repairing soil health using extremophiles – microorganisms 3.5 billion years old, sourced from La Puna, the highest and driest desert on Earth. Their biological inputs allow farmers to increase yields, reduce fertilizer use, and grow crops on degraded soil - affected by erosion or salinization. The company was founded in late 2020, and has quickly scaled their R&D operations and field trials in Argentina and the USA, having treated more than 600 tonnes of soybean seeds and performed trials in more than 20,000 acres in Latin America. For more information, please visit https://puna.bio/.
About At One Ventures
At One Ventures invests in deep-tech startups catalyzing a world where humanity is a net positive to nature. The firm is highly technical and was founded by Tom Chi, former Head of Experience and founding member at Google X. At One Ventures finds, funds, and grows companies that are using disruptive deep tech to upend the unit economics of established industries while dramatically reducing their planetary footprint.. To date, At One Ventures has invested in 25 startups, including Iron Ox, Ascend Elements, Dendra, Gradient, Apis Cor, Alchemie Technology, and Cruz Foam. For more information, please visit https://www.atoneventures.com/.
About Builders VC
Builders VC is a San Francisco-based seed and Series A venture firm with over ten investments in agriculture and foodtech alone. Builders invests in teams disrupting the status quo that are on the right side of ESG. See www.builders.vc for more.
Contact: info@punabio.com
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https://www.mysuncoast.com/prnewswire/2022/09/01/puna-bio-raises-37m-seed-funding-restore-soil-health-with-desert-microbes/
| 2022-09-01T16:26:57Z
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CEO Joanna Riley and Executive Board Member Monica Bua to join the US board of So They Can
SAN FRANCISCO, May 17, 2022 /PRNewswire/ -- Censia CEO and cofounder Joanna Riley and executive board member Monica Bua have joined the US board of So They Can, an international non-profit organization committed to breaking the poverty cycle in Africa through education.
Joanna Riley, CEO and co-founder of Censia Talent Intelligence, has a deep personal connection with this mission. "I am excited to work with So They Can to open the floodgates to education so that every child has the opportunity to step foot inside the classroom, regardless of their identity, upbringing or the hardship that they have been born into. Censia exists to unleash the full potential in every single individual to contribute to the global economy, and I strongly believe that our partnership with So They Can is the most effective way to create greater prosperity for these children and families."
"Education is key to reducing poverty, improving equity, saving the planet and ensuring we have enough human capital to advance our world. We are building our ambassador program in the US which will have a dramatic increase on the number of girls we will put through school every year in Africa." said Monica Bua.
"Right now 258 million children are left without access to education. Sub-Saharan Africa has the highest rates of education exclusion, with over one-fifth of children between the ages of about 6 and 11 not attending school." says So They Can co-founder Cassandra Treadwell. "We look forward to scaling our impact with the support of Joanna Riley, Monica Bua and the rest of their committed team.
So They Can is educating 33,000 students annually and, to date, has graduated 474 teachers, and provided over a million meals. The organization also provides medical services and has treated more than 20,000 individuals. You can learn more about the organization's impact by visiting https://www.sotheycan.org/what-we-do/our-impact/.
About Censia
Censia harnesses the power of deep system intelligence applied to an exceptional master dataset to recruit, develop, and retain a high-quality, diverse workforce and forecast future talent needs. We supercharge talent decisions across multiple industries. For more information, visit www.censia.com.
About So They Can
So They Can is an international NGO that delivers education and empowerment programs in some of the most vulnerable communities in East Africa. To learn more, visit https://www.sotheycan.org/what-we-do/our-impact/.
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https://www.kxii.com/prnewswire/2022/05/17/censia-joins-us-board-so-they-can-support-childrens-education-africa/
| 2022-05-17T11:47:08Z
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Did you lose money on investments in DENTSPLY SIRONA? If so, please visit DENTSPLY SIRONA Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com to discuss your rights.
NEW YORK, June 29, 2022 /PRNewswire/ -- Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the common stock of Dentsply Sirona, Inc. ("Dentsply" or the "Company") (NASDAQ: XRAY) between June 9, 2021 and May 9, 2022, inclusive (the "Class Period"). The lawsuit was filed in the United States District Court for the Southern District of Ohio and alleges violations of the Securities Exchange Act of 1934.
Dentsply produces a wide array of dental supplies, ranging from anesthetics, plaque and gum disease prevention, tooth polishers, and artificial teeth. The Company sells approximately two-thirds of its dental consumable and technology and equipment products through third-party distributors.
As (former) executives of Dentsply, Defendants Donald M. Casey, Jr. ("Casey") and Jorge Gomez ("Gomez") were eligible for significant cash- and stock-based incentive compensation. Indeed, up to 89% of their annual compensation was awarded based on the Company's ability to meet certain milestones linked to Dentsply's financial performance.
Given the challenges posed by the ongoing COVID-19 pandemic, Dentsply bifurcated its Annual Incentive plans for executives into two six-month periods. The 2021 First Half Annual Incentive Plan and the 2021 Second Half Annual Incentive Plan each provided for potential incentive payments based on achievement of performance criteria during the first two and the last two quarters of 2021, respectively. The funding levels for each plan were wholly dependent on the Company's financial performance for the applicable half of 2021.
For the first half of the year, Dentsply met the applicable financial performance targets, entitling top executives, including Casey and Gomez, to the maximum compensation under the 2021 First Half Annual Incentive Plan. However, to ensure that they received at least some of their awards under the 2021 Second Half Annual Incentive Plan, Plaintiff alleges that Defendants appear to have orchestrated a scheme to inflate the Company's revenue and earnings by manipulating the way in which Dentsply recognized revenue tied to certain distributor rebate and incentive programs.
Plaintiff alleges that Defendants made materially false and misleading statements throughout the Class Period. Specifically, Plaintiff alleges that Dentsply touted its "go-to-market strategy" and "more sophisticated and strategic incentive plans" as drivers of the Company's success. Dentsply also assured investors that it complied with Generally Accepted Accounting Principles ("GAAP") and maintained adequate internal controls over financial reporting, yet the Company announced revenues and earnings that were inflated by the improper recognition of revenue.
On April 11, 2022, Dentsply announced that Defendant Gomez had "resigned" as Chief Financial Officer, but assured investors that his departure was "not the result of any dispute or disagreement with the Company, the Company's management or the Board of Directors of the Company on any matter relating to the Company's operations, policies or practices."
The truth began to emerge on April 19, 2022, when Dentsply suddenly announced that its Board of Directors had terminated Defendant Casey, the Company's Chief Executive Officer, effective immediately and with no succession plan in place. As a result of this disclosure, Dentsply shares declined by $6.52 per share, or 13%, from $48.72 per share to $42.20 per share.
Then, on May 10, 2022, Dentsply announced that, following reports from several internal whistleblowers, the Audit and Finance Committee of its Board of Directors (the "Audit Committee") had commenced an investigation regarding certain financial reporting matters. Specifically, Dentsply disclosed that the Audit Committee was investigating "the Company's use of incentives to sell products to distributors in the third and fourth quarters of 2021" and "whether those incentives were appropriately accounted for" in the Company's periodic reports with the SEC. The Company also disclosed that the Audit Committee is investigating allegations that "certain former and current members of senior management directed the Company's use of these incentives and other actions to achieve executive compensation targets in 2021." On this news, the Company's stock declined over 7% to close at $36.38 per share on May 10, 2022.
If you wish to serve as lead plaintiff, you must move the Court no later than August 1, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Your ability to share in any recovery doesn't require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.
If you purchased XRAY common stock, and/or would like to discuss your legal rights and options please visit DENTSPLY SIRONA Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or pallocco@bernlieb.com.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed in The Legal 500 for ten consecutive years.
ATTORNEY ADVERTISING. © 2022 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Contact Information:
Peter Allocco
Bernstein Liebhard LLP
https://www.bernlieb.com
(212) 951-2030
pallocco@bernlieb.com
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SOURCE Bernstein Liebhard LLP
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https://www.kxii.com/prnewswire/2022/06/29/dentsply-sirona-inc-nasdaq-xray-shareholder-class-action-alert-bernstein-liebhard-llp-reminds-investors-deadline-file-lead-plaintiff-motion-securities-class-action-lawsuit-against-dentsply-sirona-inc-nasdaq-xray/
| 2022-06-29T22:58:17Z
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NEW YORK, June 8, 2022 /PRNewswire/ -- RoboKiller, the app that eliminates 99% of spam calls and text messages, identified that Americans received 11.9 billion spam text messages and 6.4 billion spam calls in May, a 5% increase from April on both fronts.
Since January 2022, spam text messages remain at roughly 10 billion or more month-over-month, resulting in 55.5 billion spam text messages already this year. If they continue at this pace, RoboKiller predicts that spam text messages could surpass 2021's record-setting spam text totals.
Travel-Related Spam Texts Rise As Kick-Off To Summer Begins
As summer travel season begins, Americans should be wary of vacation-related spam texts such as free cruise offers. Scammers follow consumer behavior trends, and with summer travel ramping up, Americans can expect to receive an abundance of these unwanted messages.
MAY 2022 KEY MESSAGING TRENDS
Top Spam Texts Nationwide:
Vehicle Warranty Spam Calls Are Primed For Top Spot Again
Americans are still routinely bombarded with car warranty spam calls, and it doesn't appear likely to slow down any time soon. For the second year in a row, RoboKiller predicts vehicle warranty calls will be the top spam call Americans receive in 2022.
View RoboKiller's recent blog post for tips to stay safe from text scams.
Top Spam Calls Nationwide:
Tips On How To Stop Phone Scams:
- Don't answer phone calls from unknown numbers, especially those that call or text at odd hours.
- Don't follow prompts like "Press 1" or click any links.
- Never provide personal information like banking details or other sensitive information.
- Download a spam text and call blocker like RoboKiller to equip your phone with the latest technology to stop scams.
About RoboKiller
With more than 12 million downloads and $400 million in losses prevented, RoboKiller is the leading independent spam call and text blocker. RoboKiller has been named a leader in technical and mobile achievement by the Webby Awards, Media Excellence, Best in Biz, and more. RoboKiller was named the most effective solution to robocalls by the FTC.
RoboKiller's robocall and spam text insights are powered by a global database of millions of phone scams and audio fingerprints. RoboKiller's proprietary data insights have been featured by The New York Times, ABC World News, NBC Nightly News, and many others.
RoboKiller is available for download in the Apple App Store and Google Play. To learn more, visit www.robokiller.com.
RoboKiller, a Teltech brand, is a division of Mosaic Group, an IAC Company (NASDAQ: IAC).
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https://www.mysuncoast.com/prnewswire/2022/06/08/spam-text-messages-reach-119-billion-highest-level-date/
| 2022-06-09T00:19:18Z
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BIRMINGHAM, Ala. (AP) — Emails and phone calls from same-sex couples, worried about the legal status of their marriages and keeping their children, flooded attorney Sydney Duncan’s office within hours of the Supreme Court’s decision eliminating the constitutional right to abortion.
The ruling last week didn’t directly affect the 2015 decision that paved the way for same-sex marriage. But, Duncan said, it was still a warning shot for families headed by same-sex parents who fear their rights could evaporate like those of people seeking to end a pregnancy.
“That has a lot of people scared and, I think, rightfully so,” said Duncan, who specializes in representing members of the LGBTQ community at the Magic City Legal Center in Birmingham.
Overturning a nearly 50-year-old precedent, the Supreme Court ruled in a Mississippi case that abortion wasn’t protected by the Constitution, a decision likely to lead to bans in about half the states. Justice Samuel Alito said the ruling involved only the medical procedure, writing: “Nothing in this opinion should be understood to cast doubt on precedents that do not concern abortion.”
But conservative Justice Clarence Thomas called on his colleagues to reconsider cases that allowed same-sex marriage, gay sex and contraception.
The court’s three most liberal members warn in their dissent that the ruling could be used to challenge other personal freedoms: “Either the mass of the majority’s opinion is hypocrisy, or additional constitutional rights are under threat. It is one or the other.”
That prospect alarms some LGBTQ couples, who worry about a return to a time when they lacked equal rights to married heterosexual couples under the law. Many, fearful that their marital status is in danger, are moving now to square away potential medical, parental and estate issues.
Dawn Betts-Green and wife Anna Green didn’t waste time shoring up their legal paperwork after the decision. They’ve already visited a legal clinic for same-sex families to start the process of making a will.
“That way, if they blast us back to the Dark Ages again, we have legal protections for our relationship,” said Betts-Green, who works with an Alabama-based nonprofit that documents the history of LGBTQ people in the South.
As a white woman married to a Black transgender man, Robbin Reed of Minneapolis feels particularly vulnerable. A decision undermining same-sex marriage or interracial unions would completely upend Reed’s life, which includes the couple’s 3-month-old child.
“I have no expectation that anything about my marriage is safe,” said Reed, a legal aide.
Reed’s employer, Sarah Breiner of the Breiner Law Firm, is setting up seminars in both the Twin Cities and the Atlanta area to help same-sex couples navigate potential legal needs after the court’s decision. Breiner said helping people remain calm about the future is part of her job these days.
“We don’t know what might happen, and that’s the problem,” Breiner said.
In a sign of what could come, the state of Alabama already has cited the abortion ruling in asking a federal appeals court to let it enforce a new state law that makes it a felony for doctors to prescribe puberty blockers and hormones to trans people under age 19. The decision giving states the power to restrict abortion means states should also be able to ban medical treatments for transgender youth, the state claimed.
Any attempt to undo gay marriage would begin with a lawsuit, and any possible rollback is years away since no major legal threat is on the horizon, said Cathryn Oakley, senior counsel and state legislative director with the Washington-based Human Rights Campaign, an LGBTQ advocacy organization.
“This is definitely a scary moment and people are nervous, but peoples’ marriages are still safe,” Oakley said.
Although the threat to same-sex couples feels particularly acute in conservative states, Oakley said she’s heard of people all over the country in recent days seeking second-parent adoptions, which protect a family by having the names of both adoptive parents on the birth certificate. People also are completing medical directives in case one spouse is incapacitated and doing general estate planning, she said.
Ryanne Seyba’s law firm in Hollywood, Florida, is offering free second-parent adoptions, which are similar to step-parent adoptions, for qualified same-sex couples to help ease some of the stress caused by the possible ripple effects of the abortion decision.
“We realized last week when (the ruling) came out we needed to do something,” said Seyba of The Upgrade Lawyers.
A judge in Broward County plans to have a special day in August to finalize all the adoptions at once, Seyba said. If nothing else, completing the process should give nervous families more security, she said.
“If gay marriage goes away, we don’t really know what’s going to happen,” she said. “It’s better to be on the safe side.’’
___
Associated Press writer Kim Chandler in Montgomery contributed to this report.
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https://cw33.com/news/u-s-news/ap-us-headlines/same-sex-couples-updating-legal-status-after-abortion-ruling/
| 2022-07-01T15:10:06Z
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Mount Union swimmer Aurelia Incristi named to CoSIDA Academic All-America At-Large Team
Mount Union senior swimmer Aurelia Incristi is a second team selection on the College Sports Information Directors of America Academic All-America At-Large Team.
Incristi was a 12-time Ohio Athletic Conference selection and a two-time conference champion in her four seasons with the Purple Raiders. She won OAC titles in the 50-yard freestyle in 2020 and the 100 freestyle in 2021.
Out of the pool, Incristi had a 4.0 grade point average as a biochemistry and pre-medicine major. The three-time Academic All-OAC selection has been part of the honors program and a presidential scholar at Mount Union. She has been involved in the Alpha Xi Delta society, a member of the American Chemical Society, a Raiders Rise peer coach and a chemistry lab teaching assistant.
More:'I'm coming home': Collen Gurley says he is returning to Mount Union to play basketball
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https://www.cantonrep.com/story/sports/college/2022/06/15/mount-union-swimmer-aurelia-incristi-earns-academic-all-american-honor/7641656001/
| 2022-06-16T02:14:27Z
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Trump’s bid to reshape GOP faces biggest hurdles in Georgia
ATLANTA (AP) - Donald Trump hopes to avoid a stinging defeat in the Georgia governor’s race on Tuesday as Republican primary voters decide the fate of the former president’s hand-picked candidate to lead one of the most competitive political battlegrounds in the U.S.
In all, five states are voting, including Alabama, Arkansas, Texas and Minnesota. But none has been more consumed by Trump and his lie that the 2020 election was stolen than Georgia.
After incumbent GOP Gov. Brian Kemp refused to accept Trump’s baseless claims of widespread voter fraud in Georgia, he sought retribution by personally recruiting former Republican Sen. David Perdue to mount a primary challenge. But that may prove to be a bad bet as Kemp has emerged as a powerful fundraiser who has tapped into the benefits of incumbency. In the final days of the campaign, he unveiled a $5.5 billion, 8,100-job Hyundai Motor plant near Savannah.
On the eve of the election, Perdue’s allies were bracing for a lopsided defeat, the only question being whether Kemp would win the 50% majority he needs to avoid a runoff election next month.
“We’re not going to have a runoff,” said Matha Zoller, a longtime Republican activist and northeast Georgia talk show host with ties to both Trump and Perdue. “It’s going to be embarrassing.”
The results could raise questions about where power resides within the GOP. While Trump remains deeply popular among the party’s most loyal voters, the opening stage of the midterm primary season has shown they don’t always side with his picks. Other prominent Republicans, meanwhile, are growing increasingly assertive.
In a clear illustration of the divide among top Republicans, Trump’s own vice president, Mike Pence, rallied with Kemp in the Atlanta suburbs on Monday evening.
“Elections are about the future,” he told the crowd, adding that “when you vote for Brian Kemp tomorrow, you will say yes to a future of freedom here in Georgia. You will say yes to our most cherished values at the heart of everything we hold dear.”
Perdue, for his part, ended the day saying Stacey Abrams, who is Black and running unopposed for the Democratic nomination for governor, was “demeaning her own race.”
Republicans have stepped up their criticism of Abrams since she told a Democratic dinner on Saturday that “I am tired of hearing about being the the best state in the country to do business when we are the worst state in the country to live.” Abrams has said her comments were meant to address Georgia’s dismal rankings for mental health access and maternal mortality.
But in an interview Monday with conservative radio host John Fredericks and former Trump adviser Peter Navarro, Perdue went further. He likened the comment to remarks Abrams made in 2018 arguing “people shouldn’t have to go into agriculture or hospitality to make a living in Georgia.” He asserted that she was referring to Black farmers.
“When she told Black farmers, you don’t need to be on the farm, and when she told Black workers in hospitality and all this ... she is demeaning her own race when it comes to that,” Perdue said.
Meanwhile, Republicans and Democrats elsewhere are grappling with ideological and strategic divisions that will determine what kind of candidates to nominate and which issues to prioritize for the November general election.
Democrats were especially focused on a runoff election in south Texas, where longtime incumbent Rep. Henry Cuellar is facing a fierce challenge from progressive Jessica Cisneros in a race where abortion is a prominent issue. Cuellar is last anti-abortion Democrat serving in the House.
Republicans will also decide a series of lower-profile primaries.
In Arkansas, former Trump aide Sarah Huckabee Sanders is expected to claim the Republican governor’s nomination. And in Alabama, conservative firebrand Rep. Mo Brooks is running to represent the GOP in the race to replace retiring Sen. Richard Shelby. Brooks, a leading figure at the Jan. 6 “Stop the Steal” rally that preceded the Capitol attack, initially won Trump’s endorsement, although Trump rescinded it after watching Brooks struggle in the polls.
No state has more consequential elections this week than Georgia, a longtime Republican stronghold that has shifted Democratic in recent elections. Biden defeated Trump in Georgia by less than 12,000 votes total in 2020, and Democrats narrowly won both Senate seats two months later.
This year, Trump’s obsession with his 2020 loss have loomed over Republican primary elections for governor, Senate and secretary of state.
Trump-backed former NFL star Herschel Walker is poised to win Georgia’s GOP Senate nomination after fending off conservative opponents who raised questions about his history of domestic violence. Walker would face Democratic incumbent, Sen. Raphael Warnock, this fall.
Leading Trump ally Rep. Marjorie Taylor Greene is also expected to win her primary election in the state’s 14th congressional district, despite a first term marred by conspiracy theories and controversy.
On the Democratic side in Georgia, two congressional incumbents, Reps. Lucy McBath and Carolyn Bourdeaux, were running against each other in suburban Atlanta, forced into a rare incumbent-on-incumbent primary after Republicans re-drew the congressional map.
Meanwhile, the Georgia Republican primary for governor — and the GOP’s secretary of state contest— will have a direct impact on Georgia’s election system for the 2024 presidential contest.
In a show of anti-Trump defiance, the Republican governors of Arizona, Nebraska and Maryland have lined up behind Kemp, who refused to support Trump’s baseless claims that the 2020 election in Georgia and other swing states was stolen.
Maryland Gov. Larry Hogan suggested a Kemp victory would send a clear message to Trump.
“When Brian Kemp prevails on Tuesday, he will prove that voters want their leaders to focus on the everyday issues in their lives like high gas prices and rising crime, not indulging the petty grievances of another politician,” Hogan told The Associated Press.
In the GOP primary for secretary of state, Trump has railed against GOP incumbent Brad Raffensperger, who refused support the former president’s direct calls to overturn the 2020 election. Raffensperger faces three primary challengers, including Trump-backed Rep. Jody Hice. The winner will serve as Georgia’s chief election officer in the 2024 presidential election.
Tuesday marks the first election held under new voting laws adopted by the Republican-backed state legislature in response to Trump’s unfounded grievances. The law made it harder to vote by mail, which was popular among Democrats in 2020 amid the pandemic; introduced new voter identification requirements that critics warned might disenfranchise Black voters; and expanded early voting in rural areas that typically vote Republican.
The new law also bans the practice of handing out food or water within 150 feet of a polling place, a practice common in urban areas where there are typically long voter lines.
Early voting totals in Georgia suggest enormous voter enthusiasm — especially on the Republican side.
Through the end of Friday, 857,401 voters cast early ballots, including 795,567 who voted early in-person, according to the secretary of state. That includes 483,149 votes cast by Republicans and 368,949 votes by Democrats.
That figures shattered early voting turnout in the 2020 presidential election, when a total of 254,883 Georgians voted early.
Democrats downplayed the voting disparity, noting that the state’s highest-profile contests were playing out on the Republican side.
“While Democrats are uniting behind our candidates, Republicans are in chaos as they run on an extreme agenda and try to outdo each other as the most MAGA candidate,” said Democratic National Committee Chair Jaime Harrison.
___
Peoples reported from Washington.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.wibw.com/2022/05/24/trumps-bid-reshape-gop-faces-biggest-hurdles-georgia/
| 2022-05-24T11:43:42Z
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Broadway star Megan Hilty has broken her silence about her pregnant sister, brother-in-law and baby nephew perishing in a float plane crash.
The actress posted photos of her sister Lauren Hilty, brother-in-law Ross Mickel, and their toddler son, Remy on her verified Instagram account Wednesday.
"On Sunday afternoon, a small float plane crashed into Puget Sound off the coast of Whidbey Island. My beloved sister Lauren, brother-in-law Ross and baby nephew Remy were on that plane," Hilty wrote. "To make this news even more devastating, my sister was eight months pregnant and we were expecting to welcome baby boy Luca into the world next month."
"The last three days have been the worst of our lives. There are truly no words to appropriately convey the depth of our grief," Hilty wrote.
She is known for her roles on Broadway in "Wicked" and "Noises Off" and the TV series "Smash."
"The last thing I wanted to do was acknowledge this painful family tragedy publicly, but it's come to my attention that several news outlets have misgendered my sweet nephew and some haven't even mentioned baby Luca," she wrote.
She also requested that personal information, including the name of her niece, who was not on the flight with her parents and brother, be kept private because she is a minor.
"The outpouring of love and support has meant so much to everyone in our family," Hilty wrote. "It has been so comforting to know just how loved Lauren, Ross, Remy and Luca truly are."
The Seattle Times reported that, Mickel, 47, "was a renowned Washington vintner and founder of the Eastside-based Ross Andrew Winery," while his 39-year-old wife "was an accountant who worked with small businesses on payroll and accounting."
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https://www.albanyherald.com/entertainment/megan-hilty-speaks-out-on-deaths-of-her-family-members/article_76f33bc3-7f70-5ec8-be0b-fda7a1985dc8.html
| 2022-09-08T13:45:52Z
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CARY, N.C., June 2, 2022 /PRNewswire/ -- CTI Towers, Inc. ("CTI Towers"), a leading owner and manager of wireless towers, announced today that Jamie Cox has joined its senior leadership team as Legal Counsel.
Mr. Cox has over 20 years of legal experience. Previous roles include serving as General Counsel at TransLoc Inc. (formerly Ford Motor Company) and North America General Counsel at Lenovo. He has also served as Deputy General Counsel at the Starbury Corporation and Of Counsel at Troutman Sanders LLP.
CTI Towers is one of the largest private tower companies in the US and has been a portfolio company of Palistar Capital ("Palistar"), an alternative asset manager focused on telecommunications infrastructure investments, since 2020. The company owns and manages approximately 1,150 towers in 47 states and lessors of CTI Towers assets include top wireless carriers Verizon, AT&T, and T-Mobile.
David Bacino, CEO at CTI Towers, stated: "We are delighted to welcome Jamie to CTI Towers. Jamie has served in a number of senior-level legal positions and has a very strong background in corporate governance, playing key roles in both the technology and real estate sectors. I am confident that in adding him to our senior leadership team, we have deepened our abilities to better serve our customers and partners."
"I am thrilled to join CTI Towers at this exciting time in its trajectory," said Mr. Cox. "The senior leadership team is comprised of well-established trailblazers in the telecommunications industry. I look forward to positively contributing to the company and assisting with its continued expansion."
Mr. Cox graduated from the University of North Carolina Law School and was admitted to the North Carolina Bar in 2001. He supports a number of charitable organizations including the Racial Equity Task Force at St. Matthews Episcopal Church, and the Thrive Seed organization, which supports education and opportunity for women and children in New Delhi, India.
In 2015, Mr. Cox won the Lenovo Award for Individual Excellence and in 2003 was given the Triangle Business Journal's Forty Under 40 Leadership award.
About CTI Towers
CTI Towers, Inc., based in Cary, NC, is one of the largest private tower companies in the U.S. Founded in 2011 with an investment from Comcast Ventures, the company was acquired by Melody in 2020. The company operates over 1,200 wireless communications towers across 47 states in the continental US and leases tower space to major wireless carriers, which include AT&T, DISH, T-Mobile and Verizon as well as broadcasters, utility companies, internet service providers and government entities.
To learn more about CTI Towers, visit www.ctitowers.com.
About Palistar Capital
Palistar Capital LP is an alternative asset manager led by Managing Partner and sole Founder, Omar Jaffrey, focused on communications infrastructure. The firm seeks to invest through direct asset ownership as well as by developing innovative financing solutions to complex problems for leading global communications companies. To learn more about Palistar, visit www.palistar.com.
Media Contacts
CTI Towers
Lisa Linares
llinares@ctitowers.com
(919) 415-0959
Palistar Capital
Steve Bruce / Mary Beth Grover
ASC Advisors
sbruce@ascadvisors.com / mbgrover@ascadvisors.com
(203) 992-1230
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SOURCE CTI Towers, Inc.
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https://www.wibw.com/prnewswire/2022/06/02/cti-towers-adds-senior-leadership-team-with-appointment-jamie-cox-legal-counsel/
| 2022-06-02T13:20:26Z
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Nemaha boil order rescinded 2 days after order was placed
Published: Aug. 24, 2022 at 11:27 AM CDT|Updated: 45 minutes ago
TOPEKA, Kan. (WIBW) - A boil order released 2 days ago for Sabetha and Nemaha Co. has officially been rescinded.
The Kansas Department of Health and Environment (KDHE) announced that the boil water advisory placed on the county, because of a loss of pressure within the City of Sabetha’s public water supply system, has since been resolved.
According to KDHE, laboratory testing samples from the water system indicates no evidence of bacteriological contamination.
If you have any questions, you can call the water system at 785-284-2158 or by calling KDHE at 785-296-5514. If interested, KDHE’s PWS Consumer website also has more information.
Copyright 2022 WIBW. All rights reserved.
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https://www.wibw.com/2022/08/24/nemaha-boil-order-rescinded-2-days-after-order-was-placed/
| 2022-08-24T17:12:44Z
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Which fertility tea is abest?
If you’re looking to boost your fertility, you might be wondering if it’s OK to drink fertility tea. While the jury is still out on the effectiveness of these teas, some users have claimed that they work.
To choose the right fertility tea, it is critical to know if the product contains ingredients that support reproductive health. A top choice that includes fertility-enhancing herbs is Fairhaven Health FertiliTea, which contains chasteberry and red raspberry leaf.
What to know before you buy a fertility tea
How do fertility teas work?
Depending on the ingredients they contain, fertility teas offer a wide range of benefits, from boosting libido to increasing your chance of conception. Some fertility teas may also help relieve premenstrual symptoms. For instance, herbal teas that include red raspberry leaves contain fragarine, which strengthens the muscle in the pelvic area and may reduce menstrual cramping. The uterotonic effect of this leaf tea can also help during pregnancy to strengthen the uterus and improve labor outcome.
Dosage
One of the challenges with herbal remedies like fertility tea is to know how much is needed to give positive results. The reason for this difficulty is usually due to the limited research evaluating the potency of these herbs. However, the therapeutic range of most herbs is between 2 and 4 grams daily, and the standard bag is usually 1 gram, so that means taking two tea bags per day. To get the dosing right, you can also check the dosage instructions on the package.
Ingredients
Most fertility teas combine different ingredients that contain fertility-enhancing compounds. Some of these ingredients include chasteberry, black cohosh, red raspberry leaves, nettle leaf and green tea, which are rich in essential vitamins and minerals. Generally, the fertility tea blends these products depending on their reason for use. For instance, some teas contain ingredients that can be used before conception, while others comprise herbs that are beneficial during pregnancy.
What to look for in a quality fertility tea
Steeping time
Steeping is the act of soaking your tea bag in water to extract the beneficial ingredients. Unlike regular tea that often requires three to five minutes of steeping, fertility teas usually need a minimum of 20 to 30 minutes before straining.
Safety
While most fertility teas are safe, there is limited scientific evidence regarding their safety in pregnancy — although some, such as red raspberry leaves and black cohosh, do have a history of use in pregnancy. Another safety concern might be their interaction with any medication you may be taking. Overall, it’s best to talk to your doctor about fertility tea before you start drinking it.
Flavor
While manufacturers often add some flavor to their fertility tea to make them easier to take, it is also important to avoid those that have been laced with artificial sweeteners. One reason is that artificial sweeteners often contain ingredients that may trigger allergies or cause unwanted side effects.
Storage
Fertility teas contain herbs that can lose their potency if not stored properly. It is important to store your tea in a cool, dark place to allow it to stay fresh for as long as possible.
How much you can expect to spend on a fertility tea
Depending on the herbs it contains, expect to pay $12-$50 for a pack of fertility tea that will make an average of 25-30 cups.
Fertility tea FAQ
Do fertility teas work?
A. While the herbs used to formulate fertility teas have been touted as beneficial for many centuries, most of these claims are anecdotal, with little scientific research to back them up. However, some ingredients in fertility teas, like chasteberry, have been shown to improve fertility and boost conception.
What are the side effects?
A. Fertility teas are generally safe, and if you ever experience any side effects, they are often mild. Teas containing nettle leaf and ashwagandha are usually not recommended if you’re pregnant, while red raspberry leaf and black cohosh are safe and said to be beneficial in pregnancy.
What’s the best fertility tea to buy?
Top fertility tea
What you need to know: This herbal fertility tea comprises a blend of six organic herbs that is designed for women trying to conceive.
What you’ll love: It contains chasteberry, which helps to maintain hormone balance and menstrual cycle regularity. The tea also includes a blend of red raspberry leaf and lady’s mantle to strengthen and tone the uterus. Furthermore, it is pleasant-tasting thanks to the mint flavor and it is free of artificial sweeteners and added sugar.
What you should consider: Some users complained that the tea disrupted the menstrual cycle.
Where to buy: Sold by Amazon
Top fertility tea for the money
What you need to know: This peppermint-flavored tea is formulated to support natural fertility and contains fertility-enhancing ingredients including chaste tree berry (vitex), red raspberry leaf and lady’s mantle.
What you’ll love: It can be used for a variety of conditions, whether it’s in the premenstrual stage, postpartum period or menopause. It is gluten-free and doesn’t contain added sugar.
What you should consider: It might alter the regularity of your cycle.
Where to buy: Sold by Amazon
Worth checking out
Yogi Tea — Woman’s Raspberry Leaf
What you need to know: Made with organic raspberry leaf, this herbal tea supports the female reproductive system and eases menstrual discomfort.
What you’ll love: It doesn’t contain gluten, caffeine and artificial sweeteners, so you don’t have to worry if you’re sensitive or allergic to these substances.
What you should consider: Some users complained about the taste of the tea.
Where to buy: Sold by Amazon
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved.
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https://cw33.com/reviews/br/health-wellness-br/teas-br/best-fertility-tea/
| 2022-06-12T17:47:08Z
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DENVER (KDVR) — Shootings in schools have spiked nationally in the late 2010s and through the early 2020s, according to statistics from the Center for Homeland Defense and Security at the Naval Postgraduate School.
The database documents when a gun is brandished, a gun is fired, or a bullet hits K-12 school property for any reason, regardless of the number of victims, time of day, or day of week. There have been 1,322 individual shootings since the 1970s, resulting in 426 deaths and 1,225 injuries.
The nation’s most populous states have recorded the highest number of school shootings since 1970. California has had 214 since 1970, Texas has had 175, Florida 120, Illinois 110 and Pennsylvania 88.
Nationally, the number of school shootings had been rising slowly until the mid-2010s, when instances spiked dramatically.
The nation experienced 118 school shootings in 2018, the first year recorded with over 100. Every year since then has had more than 100 school shootings. They peaked in 2021 with 251, which is roughly ten times the average annual count through every year prior.
Each decade has seen an increase in school shootings, but none nearly as dramatic as the 2020s.
Through the 1970s, there were an average 17 school shootings per year. The 1980s saw a small increase to 22 per year. There were 29 per year through the 1990s, and 36 per year through the 2000s. During the 2010s, the average number of school shootings per year had risen to 52. Through the first years of the 2020s, there have been an average of 168 per year.
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https://cw33.com/news/nexstar-media-wire/school-shootings-have-dramatically-spiked-this-decade-data-shows/
| 2022-05-25T18:29:18Z
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Congressional leaders will press baby formula manufacturers and government regulators at a hearing Wednesday in their efforts to find out what happened to the US baby formula supply and why it's taking so long to restock store shelves.
In a background memo released in advance of the hearing, Rep. Frank Pallone, D-New Jersey, chairman of the House Committee on Energy and Commerce, laid out a timeline of the crisis, which started with supply chain problems and worsened considerably after a nationwide recall and the shutdown of a manufacturing plant that produced nearly half the infant formula consumed in the United States.
The memo says that as many as 75% of American caregivers partially depend on formula to provide nutrients to their infants up to 6 months of age. The shortage has been most acute for low-income families, those in rural areas and children with medical needs that limit the kinds of formulas they can drink.
Three companies manufacture 95% of the baby formula sold in the United States: Abbott, Reckitt and Gerber. Abbott controls about 42% of the nation's formula supply and holds the contracts to supply about half of low-income families who participate in the Special Supplemental Nutrition Program for Women, Infants and Children, or WIC.
On September 20, 2021, the US Food and Drug Administration was notified that a child had been diagnosed with an infection caused by Cronobacter bacteria. Cronobacter infections can be serious and even fatal in infants. If the bacteria crosses into the brain, it can cause abscesses and brain damage or even death. Cronobacter thrives in dry environments and is known to be a contaminant of baby formula.
Between September 20 and February 17, 2022, the FDA would learn about four Cronobacter infections in infants, including two deaths.
The agency received the report the same day its inspectors arrived at Abbott's Sturgis, Michigan, plant for a routine inspection that lasted until September 24. The inspectors documented findings that included failure to maintain the building in a "clean and sanitary condition."
On October 20, the FDA got a detailed report from a former employee at Abbott that accused the company of falsifying records, hiding information from FDA inspectors, releasing untested infant formula and maintaining lax cleaning practices, as well as an atmosphere of retaliation against workers who raised concerns.
According to a news release from Rep. Rosa DeLauro, D-Connecticut, the FDA did not interview the whistleblower until late December, and it did not hold an in-person "for cause" inspection of the plant until January 31, 2022.
Abbott Nutrition recalled certain lots of its Similac, Alimentum and EleCare baby formulas on February 17.
A team of FDA inspectors made a total of 24 visits to Abbott's manufacturing plant between January 31 and March 18. The agency found that the company failed to establish processes and maintain surfaces in the facility to prevent formula contamination. The FDA found Cronobacter bacteria in five environmental samples at the plant, but none was found in the product itself.
Genetic testing of the Cronobacter strains found at the plant did not match bacteria sampled from infected patients.
While the agency's inspection was ongoing, Abbott shut down its facility to correct problems identified by the FDA, according to the agency's timeline of events.
The investigation into the Cronobacter illnesses and contamination at the Sturgis plant created a perfect storm in an industry hobbled by supply chain challenges.
Several of the raw materials used in formula production (such as milk and vegetable oil) and packaging (such as plastic and tin) have had supply chain disruptions in recent months, the memo says. Rising prices for other commodities because of global conflicts, labor shortages and transportation and logistics challenges were contributing factors, the memo says.
Panic-buying has contributed to the shortage in recent weeks, which in turn led some stores to limit sales. Others have raised prices, and scams have proliferated on social media.
Other factors contributed to the shortage, like the way WIC grants exclusive contracts to manufacturers, import taxes and restrictions designed to protect US milk producers, and a limited domestic manufacturing base, which has made it difficult to quickly ramp up production.
The memo also cites inconsistent consumer demand. During the pandemic, families that needed formula stocked up early, which caused demand to surge. Later, demand fell as families used what they had at home. And fewer babies were born during the first year of the pandemic, which has been followed by a slight uptick in the birthrate. This volatility has made it difficult for manufacturers to plan production schedules, the memo notes.
The memo outlines government action to alleviate the shortage. On May 16, Abbott entered into a proposed consent decree with the FDA, creating a pathway to resume production at its Sturgis facility.
Last week, the House passed two bills: one that included $28 million in emergency spending to increase US formula supply and one that intends to protect the WIC program from future shortages. President Biden has invoked the Defense Production Act so manufacturers can get the raw materials they need, and Operation Fly Formula has sped up imports.
Reckitt and Gerber have ramped up production enough to compensate for Abbott's lost production, the memo says.
FDA Commissioner Dr. Robert Califf has said the agency plans to investigate the timeliness of its response to safety lapses at the Sturgis plant.
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| 2022-05-25T14:53:47Z
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UN refugee agency: Number of displaced worldwide tops 100 million
BERLIN (AP) — The number of people forced to flee conflict, violence, human rights violations and persecution has crossed the milestone of 100 million for the first time on record, propelled by the war in Ukraine and other deadly conflicts, The U.N. refugee agency said Monday.
“One hundred million is a stark figure — sobering and alarming in equal measure,” said UN High Commissioner for Refugees Filippo Grandi. “It’s a record that should never have been set.
“This must serve as a wake-up call to resolve and prevent destructive conflicts, end persecution and address the underlying causes that force innocent people to flee their homes,” Grandi added.
The UN High Commissioner for Refugees said that the number of forcibly displaced people worldwide approached 90 million by the end of 2021, propelled by new waves of violence or protracted conflict in countries including Ethiopia, Burkina Faso, Myanmar, Nigeria, Afghanistan and Congo.
Since then, the war in Ukraine has forced more than 6 million people to flee the country, and a further 8 million are displaced within Ukraine.
The 100 million figure represents more than 1% of the global population and comprises refugees and asylum-seekers as well as people displaced inside their own countries by conflict — a figure that the Internal Displacement Monitoring Centre recently put at 53.2 million — the UNCHR said in a statement.
“The international response to people fleeing war in Ukraine has been overwhelmingly positive,” Grandi said. “Compassion is alive and we need a similar mobilization for all crises around the world.”
However, Grandi pointed out that ultimately “humanitarian aid is a palliative, not a cure.”
“To reverse this trend, the only answer is peace and stability so that innocent people are not forced to gamble between acute danger at home or precarious flight and exile,” Grandi said.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.kxii.com/2022/05/23/un-refugee-agency-number-displaced-worldwide-tops-100-million/
| 2022-05-23T12:55:50Z
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NEW YORK (AP) — Rachel Bloom and Jay Pharoah have a few jokes to share — in audio only.
Bloom, the Emmy-winning star of “Crazy Ex-Girlfriend,” and Pharoah, the former “Saturday Night Live” performer, serve as co-hosts of the audio book release “Kiss & Tell: Stand Up and Stories About Love, Sex, Etc.” The book draws from a special taping last year in Los Angeles, with guest comics including Danielle Perez, the Sklar Brothers and Chinedu Unaka.
“Kiss & Tell” comes out Sept. 20, through Kevin Hart’s media company Hartbeat, in partnership with Simon & Schuster Audio.
“There is nothing more universal than relationships, and it was so much fun spending a night with this amazing group of comedians, talking about the hilarious highs and lows of the romantic journey,” Bloom said in a statement Monday. “Also, this audio book is a public and binding record of Jay agreeing to go on a date with me in 60 years.”
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https://cw33.com/entertainment-news/ap-entertainment/rachel-bloom-and-jay-pharoah-team-up-for-audio-book-release/
| 2022-07-19T01:20:06Z
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Creates Leading Global Engineering Design Solutions Platform
NEW YORK, June 27, 2022 /PRNewswire/ -- TriMech, a portfolio company of Sentinel Capital Partners, today announced its acquisition of Solid Solutions Group ("SSG"), a leading provider of 3D computer-aided design ("CAD") software and services in the United Kingdom and Ireland. Sentinel, a private equity firm that invests in promising midmarket companies, acquired TriMech, also a leading provider of 3D CAD software and services in the United States, in March 2022. Sentinel provided significant follow-on equity financing to support the SSG add-on acquisition. Terms of the Solid Solutions Group acquisition were not disclosed.
Headquartered in Leamington Spa, England, SSG provides software, support, and training to thousands of engineers, designers, and manufacturing companies across the UK and Ireland. This includes providing SOLIDWORKS solutions (a 3D CAD application developed by Dassault Systemès), computer-aided manufacturing ("CAM"), and a comprehensive portfolio of Dassault solutions including CATIA, its 3DEXPERIENCE platform, and its full line of product data management ("PDM") and simulation tools. SSG's client base ranges from product designers, mechanical engineers, and manufacturers to entrepreneurs and educational institutions, with its software supporting a broad range of products across a diverse range of end markets and industries. SSG operates from 23 offices across the UK and Ireland and employs more than 250 people.
Headquartered in Richmond, Virginia, TriMech is a provider of CAD and CAM software, additive and subtractive manufacturing solutions, and associated training, consulting, implementation, and staff augmentation services to clients across a broad spectrum of industries. TriMech partners with leading software and hardware providers, including Dassault Systèmes and Stratasys, throughout the central and eastern United States and Canada, and delivers expert technical support to its clients through its world-class engineering staff.
"SSG is a well-established company with a strong management team that is poised for continued growth," said Jon Gurss, a principal at Sentinel. "Adding SSG to the TriMech platform creates the most comprehensive provider of software and service for SOLIDWORKS and Dassault Systemès in the Western Hemisphere. The combined global platform brings together hundreds of technical specialists from several countries and enhances our best-in-class support services."
Marcel Matte, President and CEO of TriMech, said, "The SSG acquisition broadens TriMech's capabilities to deliver technology and business solutions to our global clients, including multinational corporations operating in North America, the UK, Ireland, and other parts of Europe. Custom, process-specific solutions – both within engineering departments and beyond – are becoming increasingly important, and we are now superbly positioned to provide best-in-class service to our clients."
SSG is led by CEO Alan Sampson, who said, "Joining TriMech and Sentinel is extremely exciting for our team. Through the combination, we will have significant new opportunities to serve our clients and the ability to continue growing organically and via acquisitions in European markets."
The SSG acquisition represents an example of how Sentinel can support its portfolio companies' global growth ambitions. TriMech is the latest example of Sentinel's investment capabilities in the business services sector. Sentinel's current service businesses portfolio include Apex Companies, an environmental services company specializing in water resources and industrial hygiene; Corporate Visions, a provider of training services to improve sales force productivity; Mobile Communications America, a regional provider of communications solutions and services; New Era Technology, a global provider of managed IT services focused on collaboration and data networks; Revenew, a provider of cost recovery and cost containment services that deliver monetary recoveries and cost reduction benefits; Total Military Management, a global provider of relocation services for U.S. military and government personnel; TranSystems, a national provider of infrastructure engineering and design services; TTG Imaging Solutions, a national provider of nuclear medicine and molecular imaging solutions; and UBEO, a provider of best-in-class document management services.
About Sentinel Capital Partners
Sentinel specializes in buying and building midmarket businesses in the United States and Canada in partnership with management. Sentinel targets aerospace and defense, business services, consumer, distribution, food and restaurants, franchising, healthcare, and industrial businesses. Sentinel invests in management buyouts, recapitalizations, corporate divestitures, going-private transactions, and structured equity investments of established businesses with EBITDA of up to $80 million. Sentinel also invests in special situations, including balance sheet restructurings, operational turnarounds, and minority junior capital solutions. For more information about Sentinel, visit www.sentinelpartners.com.
About Solid Solutions Group
Founded in 1998, SSG is the leading SOLIDWORKS provider in the United Kingdom and Ireland. SSG operates 23 offices, with headquarters in Leamington Spa, England. With a core mission to support client excellence throughout the design, engineering, and manufacturing industries, the SSG team offers software solutions and related training and consulting and has one of the world's most highly certified SOLIDWORKS support team. For more information, please visit www.solidsolutions.co.uk.
About TriMech
Founded in 1998 and headquartered in Richmond, VA, TriMech is a leading technology and business solutions partner for designers, engineers, and manufacturers. It works with top software and hardware partners, including Dassault Systèmes, CNC Software, Stratasys, and Artec, and its experts provide computer-aided design and engineering software, additive and subtractive manufacturing solutions, and associated training, consulting, implementation, and staff augmentation services for clients across a variety of industries. Its tools support 3D modeling, simulation, virtual replication, and collaboration, as well as data management, configure-price-quote automation, product lifecycle management, and enterprise resource planning. With its acquisition of Solid Solutions, TriMech has grown to over 50 locations across four countries – the United States, Canada, the United Kingdom, and Ireland – serving more than 30,000 clients with over 650 employees, including approximately 270 application engineers. For more information, please visit www.trimech.com.
Contact: Roland Tomforde
Broadgate Consultants
212-232-2222
View original content:
SOURCE Sentinel Capital Partners
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https://www.kxii.com/prnewswire/2022/06/28/sentinel-portfolio-company-trimech-acquires-solid-solutions-group/
| 2022-06-28T01:16:54Z
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There's a flurry of construction activity outside Luvinia Williams' one-story home in Chapel Hill, North Carolina.
Some workers measure and saw lumber while others drill it into place, building a ramp to the front door. The busy scene is unremarkable except for one detail: None of the people doing the work is a man.
Women account for less than 4% of workers in the construction trades, like carpentry, plumbing and electrical work, according to the US Bureau of Labor Statistics. With the entire sector currently facing a massive labor shortage as baby-boomers retire and fewer people enter the industry, women could be an untapped resource.
Enter Nora El-Khouri Spencer, 42, a licensed general contractor and social worker. Her nonprofit, Hope Renovations, offers a free 10-week program that provides women with the skills and certifications they need to find well-paying jobs in the construction trades. The average hourly wages in the construction industry are often nearly double that of restaurants and hospitality work, according to the Bureau of Labor Statistics.
"My vision is that one day we (won't) think it's unusual for women to be working in this industry," Spencer said. "That women (will be) doing this work, making these good wages, and creating better lives for themselves."
But that's only one part of Spencer's mission. Trainees also get hands-on experience by working alongside her group's professional construction team -- all women and non-binary individuals -- making safety modifications to senior citizens' homes.
"Our program is actually solving two problems at once," she said. "We're bringing women into this industry and we're also helping older adults age in place. ... It's a win-win."
Spencer didn't develop her skills until later in life. Growing up, if her parents needed something fixed, she says, they'd ask her brother. But buying her first house with her husband -- and the prospect of expensive home renovations -- changed that.
"I realized pretty quickly that my tastes were outside of my budget," she said. "So, I just started buying tools and trying to learn things on my own. And I figured out pretty quick that I was good at it."
Over the years, she kept learning more from family members and YouTube. When she'd hire contractors for more complicated projects, she'd get them to teach her as well.
"I would sort of follow them around and ask them a lot of questions," she said. "And then, it hit me that I'd never met another woman ... and I began to wonder about why that was."
The question stuck with Spencer when, in her mid-30s, she left a successful career in human resources to get a master's degree in social work. While working in a homeless shelter, helping women get back on their feet, she would often suggest construction jobs, which pay much more than minimum wage.
"Their reaction was always... 'No one's ever taught me any of that stuff. It's a man's job,'" she said. "I realized there's an opportunity gap. That's a gap I can help fill."
The first few weeks of Spencer's training program are spent in the classroom, where trainees learn safety, blueprint reading and construction math. And then the work gets more hands-on, as they're taught the basics of carpentry, electrical, plumbing, HVAC, masonry and more. Students get their own stocked toolbox that they take with them when they graduate.
"We have folks from all walks of life that come to us... single moms, women in recovery, women who are just re-careering," she said. "All kinds of different people coming together and finding a shared excitement."
While the program is free to everyone, Spencer also offers a stipend to women who are below a certain income level to help with transportation and childcare.
"If we really want to get women into this industry, we need to take out all the barriers that we can," she said. "We want to make it as easy for them as possible."
Her approach seems to be working. Since July 2020, more than 40 women and non-binary individuals have completed the program. Two-thirds of those graduates have found jobs in the industry, Spencer says.
Raine Clay, 46, is one of them. A single mom of three, she'd worked for a shipping company for almost two decades until a back injury forced her to find a new direction. Hope Renovations gave her the chance to pursue interests she'd had for years.
"Junior high was the first time I was introduced to -- it was woodshop, then. I liked it, but I didn't see any girls doing it," she said. "Then, when I was around 30... I started trying to take carpentry classes, but it never worked out."
Clay graduated at the end of March and is now a project manager at a construction company. Eventually, she hopes to become an interior designer.
"I feel empowered to be able to pursue my dreams, and to show my kids a great example," she said. "It's been a long time, but it's been well worth the wait."
And women like Clay aren't the only ones who benefit from Spencer's work.
Luvinia Williams, 81, has lived at her Chapel Hill home since 1975. But in recent years, as she's started using a cane, she found it difficult to navigate the steps outside of her home.
"It was very hard trying to get in and out because I didn't have anything to hold on to," she said. "I've almost slipped several times trying to get in."
One of her sons uses a walker, making accessibility even more of an issue. She was thrilled when Hope Renovations offered to build her a ramp with handrails -- and says she was astounded to see the team in action.
"I never witnessed to all women building," she said. "Everybody is organized. Everybody got a nail, they got a hammer, they got a piece of board. ... No men!"
That's one of Spencer's goals.
"If we don't see women out there doing this, other women -- they'll never see this as an opportunity," she said. "If you can't see it, you can't be it."
The work fills a real need for her community's senior citizens. In graduate school, Spencer learned that if people can stay in their homes as they age, it's cheaper than moving them into assisted living facilities, and often better for them socially and emotionally. Yet many older adults can't access or afford to make safety modifications, like installing bathroom grab bars, converting tubs to showers and widening doorways for wheelchair accessibility.
"These jobs are typically smaller to mid-size jobs, and a lot of contractors don't want to take the time to do that work," she said. "That's how the full idea of Hope Renovations came to be."
So far, the organization's full-time construction team, assisted by program trainees, has completed more than 130 projects, most of them for seniors. Their work is done on a sliding scale -- those who can afford to, pay market rate, which then enables the team to do many projects at reduced or no cost.
Launching her nonprofit in the middle of the coronavirus pandemic has been challenging, but Spencer says she's incredibly proud of what her group has achieved.
"We're providing hope to the people that we serve," she said. "We're helping them renovate their lives."
Want to get involved? Check out the Hope Renovations website and see how to help.
To donate to Hope Renovations via GoFundMe, click here
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| 2022-05-20T01:04:05Z
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Family members of Americans detained abroad to demonstrate in front of White House
By Jennifer Hansler, CNN
Nineteen family members of Americans unlawfully detained abroad will take part in a day of activism in front of the White House Wednesday in the hope of securing a meeting with President Joe Biden that could lead to their loved ones returning home.
Alexandra Forseth, whose father and uncle are part of the so-called CITGO 6 — five of whom remain in Venezuela — told CNN family members of Americans detained in Venezuela, Rwanda, Iran, Afghanistan and Russia are expected to participate, both in person and virtually, in Wednesday’s event at Lafayette Park. The father and sister of Trevor Reed, who was freed from Russian detention in a prisoner exchange last week, will also be there.
Forseth, one of the leaders of the effort, said the idea for the event came together prior to Reed’s release but that it was like “lighter fluid” for the families.
Forseth said there is a feeling among the families of detainees that the administration’s hostage diplomacy policy is “completely reactive,” and the administration is not going to make decisions on their loved ones’ cases “unless we make a stink, and then it just so happened that the Reeds proved our case.”
“We’ve been siloed, but we’re all in a very similar situation where we feel that there are decisions to be made that could directly improve our cases, or bring people home, all of the above, and it’s just getting stopped, not getting to Biden, and then the only people that are getting results are the people that screamed loud enough in the rain to get Biden’s attention,” he said.
Paula and Joey Reed met with Biden following an extensive public pressure campaign. On Monday, Biden said he would meet with the parents of Austin Tice, an American journalist was kidnapped in Syria in 2012.
Calling theirs an “inclusive but focused campaign,” Forseth said the families aim to get the public to think of these not as individual cases, but rather as a pattern and “an injustice and the government needs to actually care and do something about it.”
The Biden administration has said it is working to secure the release of Americans who are unlawfully detained abroad.
“We on the President’s team will keep working these issues until they’re home, just as the President has pledged that we’ll do,” a senior administration official told reporter’s during a briefing about Reed’s release.
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https://localnews8.com/news/2022/05/02/family-members-of-americans-detained-abroad-to-demonstrate-in-front-of-white-house/
| 2022-05-02T23:18:51Z
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Russia invades Ukraine
By Helen Regan and Seán Federico O’Murchú, CNN
The-CNN-Wire
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By Helen Regan and Seán Federico O’Murchú, CNN
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| 2022-04-08T08:02:08Z
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SMArtX has been named finalists in four categories for the 2022 Wealth Management "Wealthies" Industry Awards and two categories for ThinkAdvisor LUMINARIES Awards.
WEST PALM BEACH, Fla., July 28, 2022 /PRNewswire/ -- SMArtX Advisory Solutions ("SMArtX"), a leading innovator in unified managed accounts (UMA) technology and architect of the SMArtX turnkey asset management platform ('TAMP'), has been named a finalist for four categories in 2022 Wealth Management "Wealthies" Industry Awards and two categories in ThinkAdvisor's LUMINARIES Awards. This is the highest number of SMArtX Advisory Solutions' nominations in a single year.
"We're honored to receive this industry recognition. Our team works tirelessly to create the best possible technology, and it's inspiring to see that hard work recognized," said Evan Rapoport, Chief Executive Officer of SMArtX Advisory Solutions. "Over the last 12 months SMArtX has surpassed many performance benchmarks across our business, thanks in part to the dedication of our team and integration partners."
The "Wealthies," WealthManagement.com's annual awards programs honoring the individuals, organizations and companies that help financial advisors build better businesses and create better outcomes for their clients. Winners will be announced on September 8, 2022, in New York City.
ThinkAdvisor LUMINARIES celebrate top advisors, industry executives, teams, RIAs, broker-dealers, asset/investment/portfolio managers and other firms by showcasing their achievements in four key areas:
Diversity, Equity & Inclusion
Thought Leadership
Executive Leadership
Community Impact
Winners will be announced on November 17, 2022, in New York City.
SMArtX Advisory Solutions have been named as finalists by Wealth Management Industry Awards in the following four categories:
TAMPS: Model Marketplaces: Model Marketplace Diversified Model Marketplace with OCIO Overlay
TAMPS: TAMPS: New Operational Efficiency Applications
Technology Providers: Chief Executive Officer of the Year: Evan Rapoport
Technology Providers: Chief Marketing Officer of the Year: Alex Smith-Ryland
SMArtX Advisory Solutions have been named as finalists by ThinkAdvisor in the following two categories:
Executive Leadership, Evan Rapoport, CEO of SMArtX Advisory Solutions
Thought Leadership & Education: SMArtX Advisory Solutions
SMArtX's continued growth is driven by two main applications of its technology: the off-the-shelf TAMP offering, which is built using SMArtX Advisory Solutions' proprietary UMA technology, and the ability to further deploy that tailored UMA technology through APIs to meet the mandates of large enterprises, RIA platforms, and hybrid broker-dealers.
SMArtX Advisory Solutions is the next-generation managed accounts technology provider and manages SMArtX, a turnkey asset management platform that automates the investment management process and reduces the administrative burden of overseeing client investment portfolios. The firm also licenses its proprietary managed accounts technology to help firms replace legacy technology and powers several investment platforms for RIAs, broker-dealers, and asset managers. Learn more at www.smartxadvisory.com. Follow SMArtX on Twitter and LinkedIn @SMArtXAdvisory.
WealthManagement.com, an Informa business, provides everything wealth professionals need to know to stay knowledgeable about the industry, build stronger relationships, improve their practice, and grow their business. Named 2021 Neal Award Winner as Best Media Brand for Overall Editorial Excellence, WealthManagement.com offers financial services organizations a broad array of marketing services designed to help them influence the industry's leading audience of wealth management professionals.
ThinkAdvisor provides financial advisors, registered investment advisors, and wealth managers with comprehensive coverage of the products, services, and information they need to guide their clients in making critical wealth, health, and life decisions. The website also showcases advisors adapting and succeeding in new ways, and it translates the impact of industry regulation, dealmaking, and technology into easily digestible, shareable content — so advisors have more time to spend advising clients and running their businesses.
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| 2022-07-28T11:06:54Z
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NEW YORK , May 9, 2022 /PRNewswire/ -- Attention Lilium N.V. f/k/a Qell Acquisition Corp. ("Lilium N.V. f/k/a Qell Acquisition Corp.") (NASDAQ: LILM) 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 March 14, 2022.
If you suffered a loss on your investment in Lilium N.V. f/k/a Qell Acquisition Corp., 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 Lilium N.V. f/k/a Qell Acquisition Corp. includes allegations that the Company made materially false and/or misleading statements and/or failed to disclose that: (1) Lilium materially overstates the design and capabilities of the Lilium Jet, an electric vertical take-off-and-landing aircraft for use in a new type of high-speed air transport system for people and goods; (2) Lilium materially overstates the likelihood for the Lilium Jet's timely certification; (3) Lilium misrepresents its ability to obtain or create the necessary batteries for the Lilium Jet; (4) the special purpose acquisition company merger would not and did not generate enough cash to commercially launch the Lilium Jet; (5) Qell Acquisition Corp. did not engage in proper due diligence regarding its merger with Lilium GmbH; and (6) as a result, Defendants' public statements and statements to journalists were materially false and/or misleading at all relevant times.
DEADLINE: June 17, 2022
Aggrieved Lilium N.V. f/k/a Qell Acquisition Corp. investors only have until June 17, 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
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| 2022-05-09T10:00:47Z
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-- Diluted Loss Per Share of $(0.29), including real estate charge; Adjusted Diluted EPS of $1.77 --
- Total revenues up 16% from the second quarter of 2021 driven by organic Medicaid and Medicare growth.
- Health benefits ratio (HBR) of 86.7%, largely driven by Marketplace.
- Execution of Value Creation Plan through real estate optimization, divestitures, and share repurchases.
- Increased 2022 full-year adjusted diluted EPS guidance by another $0.05 (to a range of $5.60 to $5.75), reflecting a $0.20 cumulative increase above our April guidance.
ST. LOUIS, July 26, 2022 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today its financial results for the second quarter ended June 30, 2022. In summary, the 2022 second quarter results were as follows:
"Our strong second quarter results reflect the consistency of Centene's product performance. We are pleased that results are directly in line with the expectations laid out during our June Investor Day. Additionally, we are increasing our full-year adjusted EPS outlook, reflecting a $0.20 cumulative increase above our April guidance. Our value proposition for members and customers yielded wins such as Delaware, sole-source Foster Care in Missouri, and continued Medicare growth. The second quarter reflects continued execution on our Value Creation Plan with tangible actions and results, providing an excellent foundation from which we will continue to build over the next couple of years," said Sarah M. London, Chief Executive Officer of Centene.
Other Events
- In July 2022, as part of its previously announced review of strategic alternatives for its international portfolio, Centene announced it has signed a definitive agreement to sell its ownership stakes in its Spanish and Central European businesses, including Ribera Salud, Torrejón Salud, and Pro Diagnostics Group. The transaction is expected to close by the end of 2022.
- In July 2022, Centene completed the previously announced sale of PANTHERx Rare (PANTHERx). Centene intends to use the majority of the net proceeds from the sale to repurchase stock and the balance to reduce debt. The divestiture illustrates Centene's continued progress on the Value Creation Plan.
- In July 2022, Centene's Delaware subsidiary, Delaware First Health, was awarded contracts for the statewide Medicaid Managed Care programs, marking Centene's 30th Medicaid managed care state. Delaware First Health will be one of three managed care organizations that will provide integrated services for physical health, behavioral health, and long-term services and supports. The contracts are expected to commence in January 2023.
- In July 2022, Centene's Missouri subsidiary, Home State Health, commenced the MO HealthNet Managed Care General Plan and Specialty Plan contracts. Under the General Plan, Home State will continue serving multiple MO HealthNet programs including Children's Health Insurance Program (CHIP) members and the state's newly implemented Medicaid expansion population, across all regions of Missouri. Additionally, as the sole provider of the newly awarded Specialty Plan, Home State now serves approximately 50,000 foster children and children receiving adoption subsidy assistance.
- In June 2022, following a strategic review of the Company's real estate portfolio and the adoption of a more modern, flexible work environment, Centene initiated a reduction of its real estate footprint and incurred a charge of $1.45 billion related to the impairment of leased and owned real estate and related fixed assets. Centene incurred impairments of $706 million related to owned real estate, $521 million related to leased real estate, and $223 million related to associated fixed assets. We anticipate additional future charges of approximately $200 million related to real estate optimization. This represents an approximate 70% decrease in domestic leased space and is expected to result in annualized leased expense savings of approximately $200 million.
- In May 2022, Centene signed a definitive agreement to sell Magellan Rx as part of its ongoing portfolio review. The transaction is expected to close by the end of 2022.
Accreditations & Awards
- In May 2022, Centene was recognized as a Best of the Best Top Veteran-Friendly Company by U.S. Veterans Magazine for the third year in a row as well as a Top Supplier Diversity Program for Veterans.
- In May 2022, Centene was named a Top 50 Company for Diversity by DiversityInc for the third consecutive year. Centene advanced 3 spots to #33 on the list. Centene was also recognized on two specialty lists this year, ranking #13 for Top Companies for Latino Executives and #15 for Top Companies for Black Executives.
Membership
The following table sets forth our membership by line of business:
Revenues
The following table sets forth supplemental revenue information ($ in millions):
Statement of Operations: Three Months Ended June 30, 2022
- For the second quarter of 2022, total revenues increased 16% to $35.9 billion from $31.0 billion in the comparable period of 2021. The increase was due to organic Medicaid growth, primarily due to the ongoing suspension of eligibility redeterminations, 25% membership growth in the Medicare business (19% growth since December 31, 2021), our recent acquisitions of Magellan Health, Inc. (Magellan) and Circle Health, and the commencement of our contracts in North Carolina.
- HBR of 86.7% for the second quarter of 2022 represents a decrease from 88.3% in the comparable period in 2021. The decrease was primarily due to favorable performance in Marketplace driven by pricing actions and a return to more normalized utilization compared to the second quarter of 2021. Additionally, the second quarter of 2021 was negatively impacted by unfavorable 2020 risk adjustment, while the second quarter of 2022 was favorably impacted by 2021 risk adjustment.
- The cost of service ratio was 85.4% for the second quarter of 2022, compared to 89.6% in the same period in 2021. The decrease in the cost of service ratio was driven by the acquisition of the Circle Health business, which operates at a lower cost of service ratio.
- The SG&A expense ratio was 8.2% for the second quarter of 2022, compared to 7.4% in the second quarter of 2021. The adjusted SG&A expense ratio was 8.2% for the second quarter of 2022, compared to 7.3% in the second quarter of 2021. The increases were due to the additions of the Magellan and Circle Health businesses, which operate at higher SG&A expense ratios due to the nature of their respective businesses along with increased costs associated with risk adjustment improvement efforts, Medicare broker commissions and variable compensation. These impacts were partially offset by the leveraging of expenses over higher revenues as a result of increased membership.
- Diluted loss per share was $(0.29) for the second quarter of 2022, compared to $(0.92) for the second quarter of 2021. The second quarter loss was driven by a pre-tax real estate impairment charge of $1.45 billion ($1.80 per share after-tax), related to the reduction in the Company's real estate footprint. The diluted loss per share in 2021 was driven by the recording of a legal settlement reserve estimate of $1.25 billion ($1.78 per share after-tax).
- The effective tax rate was 27.7% for the second quarter of 2022, compared to 1.3% in the second quarter of 2021. The 2021 effective rate was driven by the partial non-deductibility of the legal settlement reserve. For the second quarter of 2022, our effective tax rate on adjusted earnings was 27.1%, compared to 26.3% in the second quarter of 2021.
Balance Sheet
At June 30, 2022, the Company had cash, investments and restricted deposits of $30.1 billion and maintained $782 million of cash and cash equivalents in our unregulated entities, including $299 million in our international subsidiaries (a material portion of which is expected to be used to satisfy contractual obligations). Medical claims liabilities totaled $16.6 billion. The Company's days in claims payable was 55 days, which is an increase of two days over the first quarter of 2022, primarily due to the timing of state directed payments received, but not yet paid, and the timing of pharmacy payments. Total debt was $18.8 billion, which included $129 million of borrowings on our $2.0 billion revolving credit facility at quarter end. The debt to capitalization ratio was 41.3% at June 30, 2022, excluding $181 million of non-recourse debt.
During the second quarter of 2022, the Company's Board of Directors authorized a $3.0 billion increase to the stock repurchase program and a new $1.0 billion debt repurchase program. In the second quarter, the Company repurchased 4.2 million shares of Centene common stock for $344 million through the stock repurchase program, and an additional $106 million in July, for a combined $450 million of shares to date in 2022. The Company intends to utilize the majority of the net proceeds from the recently completed PANTHERx sale to repurchase additional shares and the balance to reduce debt. As of July 26, 2022, there was $3.35 billion available under the stock repurchase program and $1.0 billion available under the debt repurchase program.
Outlook
The Company's guidance has been updated to reflect the sale of PANTHERx and corresponding gain along with real estate optimization impairment charges. The Company's guidance does not reflect the effects of the pending divestitures of Magellan Rx or its Spanish and Central European businesses.
The items below will be discussed further on our conference call. The Company's annual guidance for 2022 is as follows:
Conference Call
As previously announced, the Company will host a conference call Tuesday, July 26, 2022, at approximately 8:30 AM (Eastern Time) to review the financial results for the second quarter ended June 30, 2022.
Investors and other interested parties are invited to listen to the conference call by dialing 1-877-883-0383 in the U.S. and Canada; +1-412-902-6506 from abroad, including the following Elite Entry Number: 2306827 to expedite caller registration; or via a live, audio webcast on the Company's website at www.centene.com, under the Investors section.
A webcast replay will be available for on-demand listening shortly after the completion of the call for the next twelve months or until 11:59 PM (Eastern Time) on Tuesday, July 25, 2023, at the aforementioned URL. In addition, a digital audio playback will be available until 9:00 AM (Eastern Time) on Tuesday, August 2, 2022, by dialing 1-877-344-7529 in the U.S., 1-855-669-9658 in Canada, or +1-412-317-0088 from abroad, and entering access code 4947998.
Non-GAAP Financial Presentation
The Company is providing certain non-GAAP financial measures in this release as the Company believes that these figures are helpful in allowing investors to more accurately assess the ongoing nature of the Company's operations and measure the Company's performance more consistently across periods. The Company uses the presented non-GAAP financial measures internally to allow management to focus on period-to-period changes in the Company's core business operations. Therefore, the Company believes that this information is meaningful in addition to the information contained in the GAAP presentation of financial information. The presentation of this additional non-GAAP financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP.
Specifically, the Company believes the presentation of non-GAAP financial information that excludes amortization of acquired intangible assets and acquisition and divestiture related expenses, as well as other items, allows investors to develop a more meaningful understanding of the Company's performance over time. The tables below provide reconciliations of non-GAAP items ($ in millions, except per share data):
To provide clarity on the way management defines certain key metrics and ratios, the Company is providing a description of how the metric or ratio is calculated as follows:
- Health Benefits Ratio (HBR) (GAAP) = Medical costs divided by premium revenues.
- SG&A Expense Ratio (GAAP) = Selling, general and administrative expenses divided by premium and service revenues.
- Cost of Service Ratio (GAAP) = Cost of services divided by service revenues.
- Adjusted SG&A Expense Ratio (non-GAAP) = Adjusted selling, general and administrative expenses divided by premium and service revenues.
- Adjusted Effective Tax Rate (non-GAAP) = GAAP income tax expense (benefit) excluding the income tax effects of adjustments to net earnings divided by adjusted earnings (loss) before income tax expense.
- Adjusted Net Earnings (non-GAAP) = Net earnings less amortization of acquired intangible assets, less acquisition and divestiture related expenses, as well as adjustments for other items, net of the income tax effect of the adjustments.
- Adjusted Diluted EPS (non-GAAP) = Adjusted net earnings divided by weighted average common shares outstanding on a fully diluted basis.
- Debt to Capitalization Ratio (GAAP) = Total debt, divided by total debt plus total stockholder's equity.
- Debt to Capitalization Ratio Excluding Non-Recourse Debt (non-GAAP) = Total debt less non-recourse debt, divided by total debt less non-recourse debt plus total stockholder's equity.
- Average Medical Claims Expense (GAAP) = Medical costs for the period divided by number of days in such period. Average Medical Claims Expense is most often calculated for the quarterly reporting period.
- Days in Claims Payable (GAAP) = Medical claims liabilities divided by average medical claims expense. Days in Claims Payable is most often calculated for the quarterly reporting period.
In addition, the following terms are defined as follows:
- State Directed Payments: Payments directed by a state that have minimal risk, but are administered as a premium adjustment. These payments are recorded as premium revenue and medical costs at close to a 100% HBR. The Company has little visibility to the timing of these payments until they are paid by a state.
- Pass Through Payments: Non-risk supplemental payments from a state that the Company is required to pass through to designated contracted providers. These payments are recorded as premium tax revenue and premium tax expense.
About Centene Corporation
Centene Corporation, a Fortune 500 company, is a leading healthcare enterprise that is committed to helping people live healthier lives. The Company takes a local approach – with local brands and local teams – to provide fully integrated, high-quality, and cost-effective services to government-sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals. Centene offers affordable and high-quality products to nearly 1 in 15 individuals across the nation, including Medicaid and Medicare members (including Medicare Prescription Drug Plans) as well as individuals and families served by the Health Insurance Marketplace, the TRICARE program, and individuals in correctional facilities. The Company also serves several international markets, and contracts with other healthcare and commercial organizations to provide a variety of specialty services focused on treating the whole person. Centene focuses on long-term growth and value creation as well as the development of its people, systems, and capabilities so that it can better serve its members, providers, local communities, and government partners.
Centene uses its investor relations website to publish important information about the Company, including information that may be deemed material to investors. Financial and other information about Centene is routinely posted and is accessible on Centene's investor relations website, https://investors.centene.com/.
Forward-Looking Statements
All statements, other than statements of current or historical fact, contained in this press release are forward-looking statements. Without limiting the foregoing, forward-looking statements often use words such as "believe," "anticipate," "plan," "expect," "estimate," "intend," "seek," "target," "goal," "may," "will," "would," "could," "should," "can," "continue" and other similar words or expressions (and the negative thereof). Centene (the Company, our, or we) intends such forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we are including this statement for purposes of complying with these safe-harbor provisions. In particular, these statements include, without limitation, statements about our future operating or financial performance, market opportunity, value creation strategy, competition, expected activities in connection with completed and future acquisitions and dispositions, including statements about the impact of our recently completed acquisition of Magellan Health, Inc. (the Magellan Acquisition), other recent and future acquisitions and dispositions, our investments and the adequacy of our available cash resources. These forward-looking statements reflect our current views with respect to future events and are based on numerous assumptions and assessments made by us in light of our experience and perception of historical trends, current conditions, business strategies, operating environments, future developments and other factors we believe appropriate. By their nature, forward-looking statements involve known and unknown risks and uncertainties and are subject to change because they relate to events and depend on circumstances that will occur in the future, including economic, regulatory, competitive and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions. All forward-looking statements included in this press release are based on information available to us on the date hereof. Except as may be otherwise required by law, we undertake no obligation to update or revise the forward-looking statements included in this press release, whether as a result of new information, future events or otherwise, after the date hereof. You should not place undue reliance on any forward-looking statements, as actual results may differ materially from projections, estimates, or other forward-looking statements due to a variety of important factors, variables and events including, but not limited to: our ability to accurately predict and effectively manage health benefits and other operating expenses and reserves, including fluctuations in medical utilization rates due to the ongoing impact of COVID-19; the risk that the election of new directors, changes in senior management, and any inability to retain key personnel may create uncertainty or negatively impact our ability to execute quickly and effectively; uncertainty as to the expected financial performance of the combined company following the recent completion of the Magellan Acquisition; the possibility that the expected synergies and value creation from the Magellan Acquisition or the acquisition of WellCare Health Plans, Inc. (the WellCare Acquisition) or other acquired businesses will not be realized, or will not be realized within the respective expected time periods; disruption from the integration of the Magellan Acquisition or the WellCare Acquisition, unexpected costs, or similar risks from other acquisitions or dispositions we may announce or complete from time to time, including potential adverse reactions or changes to business relationships with customers, employees, suppliers or regulators, making it more difficult to maintain business and operational relationships; the risk that the closing conditions, including applicable regulatory approvals, for the pending dispositions of Magellan Rx and our Spanish and Central European businesses, may be delayed or not obtained; impairments to real estate, investments, goodwill and intangible assets; a downgrade of the credit rating of our indebtedness; competition; membership and revenue declines or unexpected trends; changes in healthcare practices, new technologies, and advances in medicine; increased healthcare costs; changes in economic, political or market conditions; changes in federal or state laws or regulations, including changes with respect to income tax reform or government healthcare programs as well as changes with respect to the Patient Protection and Affordable Care Act and the Health Care and Education Affordability Reconciliation Act (collectively referred to as the ACA) and any regulations enacted thereunder that may result from changing political conditions, the new administration or judicial actions; rate cuts or other payment reductions or delays by governmental payors and other risks and uncertainties affecting our government businesses; our ability to adequately price products; tax matters; disasters or major epidemics; changes in expected contract start dates; provider, state, federal, foreign and other contract changes and timing of regulatory approval of contracts; the expiration, suspension, or termination of our contracts with federal or state governments (including, but not limited to, Medicaid, Medicare, TRICARE or other customers); the difficulty of predicting the timing or outcome of legal or regulatory proceedings or matters, including, but not limited to, our ability to resolve claims and/or allegations made by states with regard to past practices, including at Envolve Pharmacy Solutions, Inc. (Envolve), as our pharmacy benefits manager (PBM) subsidiary, within the reserve estimate we recorded in 2021 and on other acceptable terms, or at all, or whether additional claims, reviews or investigations relating to our PBM business will be brought by states, the federal government or shareholder litigants, or government investigations; the timing and extent of benefits from strategic value creation initiatives, including the possibility that these initiatives will not be successful, or will not be realized within the expected time periods; challenges to our contract awards; cyber-attacks or other privacy or data security incidents; the exertion of management's time and our resources, and other expenses incurred and business changes required in connection with complying with the undertakings in connection with any regulatory, governmental or third party consents or approvals for acquisitions or dispositions; any changes in expected closing dates, estimated purchase price and accretion for acquisitions or dispositions; restrictions and limitations in connection with our indebtedness; our ability to maintain or achieve improvement in the Centers for Medicare and Medicaid Services (CMS) Star ratings and maintain or achieve improvement in other quality scores in each case that can impact revenue and future growth; the availability of debt and equity financing on terms that are favorable to us; inflation; foreign currency fluctuations; and risks and uncertainties discussed in the reports that Centene has filed with the Securities and Exchange Commission. This list of important factors is not intended to be exhaustive. We discuss certain of these matters more fully, as well as certain other factors that may affect our business operations, financial condition and results of operations, in our filings with the Securities and Exchange Commission (SEC), including our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. Due to these important factors and risks, we cannot give assurances with respect to our future performance, including without limitation our ability to maintain adequate premium levels or our ability to control our future medical and selling, general and administrative costs.
:
Centene's claims reserving process utilizes a consistent actuarial methodology to estimate Centene's ultimate liability. Any reduction in the "Incurred related to: Prior period" amount may be offset as Centene actuarially determines "Incurred related to: Current period." As such, only in the absence of a consistent reserving methodology would favorable development of prior period claims liability estimates reduce medical costs. Centene believes it has consistently applied its claims reserving methodology. Additionally, approximately $210 million was recorded as a reduction to premium revenues resulting from development within "Incurred related to: Prior period" due to minimum HBR and other return of premium programs.
The amount of the "Incurred related to: Prior period" above represents favorable development and includes the effects of reserving under moderately adverse conditions, new markets where we use a conservative approach in setting reserves during the initial periods of operations, receipts from other third party payors related to coordination of benefits and lower medical utilization and cost trends for dates of service June 30, 2021, and prior.
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| 2022-07-26T10:30:27Z
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NEW YORK, July 21, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Intuit, Inc. ("Intuit" or the "Company") (NASDAQ: INTU). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Intuit and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On March 29, 2022, the Federal Trade Commission filed a lawsuit against Intuit, claiming that the Company has deceived millions of Americans into paying for tax service preparation software that should be free. Then, on May 4, 2022, Intuit agreed to pay $141 million to settle similar allegations regarding its TurboTax software.
On this news, Intuit's stock price fell $22.14 per share, or 5.1%, to close at $409.86 per share on May 5, 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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| 2022-07-22T00:47:53Z
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Biden launches $6B effort to save distressed nuclear plants
WASHINGTON (AP) — The Biden administration is launching a $6 billion effort to rescue nuclear power plants at risk of closing, citing the need to continue nuclear energy as a carbon-free source of power that helps to combat climate change.
A certification and bidding process opened Tuesday for a civil nuclear credit program that is intended to bail out financially distressed owners or operators of nuclear power reactors, the U.S. Department of Energy told The Associated Press exclusively, shortly before the official announcement. It’s the largest federal investment in saving financially distressed nuclear reactors.
Owners or operators of nuclear power reactors that are expected to shut down for economic reasons can apply for funding to avoid closing prematurely. The first round of awards will prioritize reactors that have already announced plans to close.
The second round will be opened up to more economically at-risk facilities. The program was funded through President Joe Biden’s $1 trillion infrastructure deal, which he signed into law in November.
“U.S. nuclear power plants contribute more than half of our carbon-free electricity, and President Biden is committed to keeping these plants active to reach our clean energy goals,” Energy Secretary Jennifer Granholm said in a statement. “We’re using every tool available to get this country powered by clean energy by 2035, and that includes prioritizing our existing nuclear fleet to allow for continued emissions-free electricity generation and economic stability for the communities leading this important work.”
A strong majority of states — about two-thirds — say nuclear, in one fashion or another, will help take the place of fossil fuels. A dozen U.S. commercial nuclear power reactors have closed in the past decade before their licenses expired, largely due to competition from cheaper natural gas, massive operating losses due to low electricity prices and escalating costs, or the cost of major repairs.
This has led to a rise in emissions in those regions, poorer air quality and the loss of thousands of high-paying jobs, dealing an economic blow to local communities, according to the DOE. A quarter or more of the fleet is at risk, the DOE added. The owners of seven currently operating reactors have already announced plans to retire them through 2025.
Most U.S. nuclear plants were built between 1970 and 1990 and it’s costing more to operate an aging fleet. The only nuclear plant under construction in the United States is in Georgia. Costs have ballooned and another delay was announced in February.
The shuttered reactors include Indian Point Energy Center in New York, Pilgrim Nuclear Power Station in Massachusetts, Fort Calhoun Nuclear Generating Station in Nebraska and Duane Arnold Energy Center in Iowa. Entergy cited low natural gas prices and increased operating costs as key factors in its decision to close Indian Point last year. New York officials sought the shutdown, saying the plant 24 miles (39 kilometers) north of Manhattan posed too great a risk to millions of people who live and work nearby.
Twenty more reactors faced closure in the last decade before states stepped in to save them, according to the Nuclear Energy Institute, the industry’s trade association. Illinois is spending nearly $700 million to keep three plants open while additional renewable resources come online.
Low electricity prices are the main cause of this trend, though federal and state policies to boost wind and solar have contributed as well, the NEI added.
There are 55 commercial nuclear power plants with 93 nuclear reactors in 28 U.S. states. Nuclear power already provides about 20% of electricity in the U.S., or about half the nation’s carbon-free energy.
If reactors do close before their licenses expire, fossil fuel plants will likely fill the void and emissions will increase, which would be a substantial setback, said Andrew Griffith, acting assistant secretary for nuclear energy at DOE.
While natural gas may be cheaper, nuclear power hasn’t been given credit for its carbon-free contribution to the grid and that has caused nuclear plants to struggle financially, Griffith added.
The bailout for the nuclear industry is reminiscent of assistance the auto and airline industries received after the 2008 economic collapse and the coronavirus pandemic, respectively.
With barely a month left in office, former President George W. Bush authorized $25 billion in loans to General Motors and Chrysler from a $700 billion bailout fund initially intended to save the largest U.S. banks. After President Barack Obama took office in 2009, he appointed a task force to oversee GM and Chrysler, both of which eventually declared bankruptcy. The companies took an additional roughly $55 billion in aid and were forced to close factories and overhaul operations before recovering and adding jobs. Most of the industry’s bailout loans have been repaid.
More recently, airlines received $54 billion in taxpayer money to keep people employed through the pandemic, but they eliminated tens of thousands of jobs anyway by offering incentives for employees to quit or retire early.
David Schlissel, at the Ohio-based Institute for Energy Economics and Financial Analysis, said he wishes the federal government, before it allocated the $6 billion, had analyzed whether that money might have been better spent on ramping up renewables, battery storage and energy efficiency projects, which can be done quickly and cheaply to displace fossil fuels.
Now that the money is already set aside for nuclear plants, the federal tax credits for renewables should be extended and more should be invested in energy efficiency, he said, because the faster that’s done, the faster the nation reduces its dependence on fossil fuels and its emissions. Also, the nuclear plants are going to eventually retire, some sooner than later, so carbon-free sources of energy need to be in place for when they do, he added.
The Sierra Club has a nuclear free campaign that says nuclear is not a solution to climate change, and “every dollar spent on nuclear is one less dollar spent on truly safe, affordable and renewable energy sources.”
California is slated to close its last remaining nuclear power plant, Diablo Canyon, in 2025. Officials there think they can replace it with new solar, wind and battery storage resources, though skeptics have questioned whether California’s all-in renewable plan can work in a state of nearly 40 million people.
The Energy Department intends to accept annual applications for the civil nuclear credit program through fiscal 2031, or until the $6 billion runs out. Nuclear plant owners or operators can bid on credits for financial assistance to keep operating. To qualify, plant owners or operators have to show the reactors are projected to retire for economic reasons and emissions would increase. The department would also determine, with input from the U.S. Nuclear Regulatory Commission, that they can operate safely.
Maria Korsnick, president and chief executive officer of NEI, said she thinks the federal program will level the playing field for nuclear energy and help clear a path to pass even more intensive policies, such as a nuclear production tax credit proposed in Biden’s now-stalled Build Back Better plan.
Democrats have said they hope to resuscitate parts of the social and environmental package and win over voters weary of the two-year-old pandemic and coping with the worst inflation in decades.
___
McDermott reported from Providence, Rhode Island.
Copyright 2022 The Associated Press. All rights reserved.
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https://www.mysuncoast.com/2022/04/19/biden-launches-6b-effort-save-distressed-nuclear-plants/
| 2022-04-21T07:49:53Z
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NASA is putting a team together to study unidentified aerial phenomena, popularly known as UFOs, the US space agency said Thursday.
The team will gather data on "events in the sky that cannot be identified as aircraft or known natural phenomena -- from a scientific perspective," the agency said.
NASA said it was interested in UAPs from a security and safety perspective. There was no evidence UAPs are extraterrestrial in origin, NASA added. The study is expected to take nine months.
"NASA believes that the tools of scientific discovery are powerful and apply here also," said Thomas Zurbuchen, the associate administrator for science at NASA Headquarters in Washington, DC.
"We have access to a broad range of observations of Earth from space -- and that is the lifeblood of scientific inquiry. We have the tools and team who can help us improve our understanding of the unknown. That's the very definition of what science is. That's what we do."
The team will be led by astrophysicist David Spergel, who is president of the Simons Foundation in New York City.
NASA said the limited number of observations of UAPs made it difficult to draw scientific conclusions about the nature of such events.
"Given the paucity of observations, our first task is simply to gather the most robust set of data that we can," said Spergel, professor emeritus and formerly chair of the department of astrophysical sciences at Princeton University in New Jersey. "We will be identifying what data -- from civilians, government, non-profits, companies -- exists, what else we should try to collect, and how to best analyze it."
A first step for the team would be to attempt to establish which UAPs are natural, NASA said.
In May, lawmakers held the first congressional public hearing on UFOs in decades. The hearing was a high-profile moment for a controversial topic that has long been relegated to the fringes of public policy. Government officials warned that UAPs must be investigated and taken seriously as a potential threat to national security.
The temperatures says summer's here, although it's still a few days away on the calendar, and there's plenty to do in the Albany area this weekend. Click for more.
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| 2022-06-09T17:52:42Z
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YOKNEAM, Israel, July 28, 2022 /PRNewswire/ -- InMode Ltd. (Nasdaq: INMD) ("InMode"), a leading global provider of innovative medical technologies, today announced its consolidated financial results for the second quarter ended June 30, 2022.
Second Quarter 2022 Highlights:
*Please refer to "Use of Non-GAAP Financial Measures" below for important information about non-GAAP financial measures. A reconciliation between U.S. GAAP and non-GAAP Statement of Income is provided following the financial statements that are included in this release. Non-GAAP financial results exclude share-based compensation adjustments.
(1) The GAAP and non-GAAP earnings per diluted share have been adjusted retroactively for a 1-for-2 stock split of InMode shares by way of an issuance of bonus shares that occurred pursuant to a resolution of our board of directors dated September 14, 2021.
Management Comments
"We are pleased to report another record-setting quarter, with growth and solid profitability across all key metrics," said Moshe Mizrahy, Chairman and Chief Executive Officer of InMode. "The growing demand for InMode platforms in the U.S. and globally led us to increase our guidance for the full year of 2022 to an unprecedented range of $425 million to $435 million."
Shakil Lakhani, President of InMode North America, said, "Once again, we saw a robust demand for InMode's innovative platforms, resulting in another record revenue quarter as well as record sales from consumables and service."
"We recently received the endorsement of Health Canada for our EmpowerRF platform designed for women's health," added Dr. Spero Theodorou, Chief Medical Officer. "In addition to this certification, we continue to receive positive feedback from both patients and physicians in the U.S."
Second Quarter 2022 Financial Results
Total revenues for the second quarter of 2022 reached $113.5 million, an increase of 30% compared to the second quarter of 2021.
"We are proud to deliver record revenue in the second quarter," said Yair Malca, Chief Financial Officer. "Despite the global supply chain constraints, InMode was able to successfully manage and control expenses while improving our margins compared to the previous quarter."
GAAP gross margin for the second quarter of 2022 was 83%, compared to a gross margin of 85% in the second quarter of 2021. *Non-GAAP gross margin for the second quarter of 2022 was 84% and 86% for the second quarter of 2021. This decrease was primarily due to the inflationary pressure on our raw materials and increased level of consumable sales as part of the revenue mix.
GAAP operating margin for the second quarter of 2022 was 43%, compared to a gross operating margin of 48% in the second quarter of 2021. *Non-GAAP operating margin for the second quarter of 2022 was 49% compared to the operating margin of 51% in the second quarter of 2021. The decrease in GAAP operating margin is primarily attributable to change in share-based compensation expense, and the decrease in *non-GAAP operating margin is primarily attributable to change in gross margin.
InMode reported GAAP net income of $44.0 million, or $0.52 per diluted share, in the second quarter of 2022, compared to $40.9 million, or $0.48 per diluted share(1), in the second quarter of 2021. On a *non-GAAP basis, InMode reported net income of $50.4 million, or $0.59 per diluted share, in the second quarter of 2022, compared to $43.9 million, or $0.51 per diluted share(1), in the second quarter of 2021.
(1) The GAAP and non-GAAP earnings per diluted share have been adjusted retroactively for a 1-for-2 stock split of InMode shares by way of an issuance of bonus shares, that occurred pursuant to a resolution of our board of directors dated September. 14, 2021.
2022 Financial Outlook
Management provided an outlook for the full year of 2022, ending Dec. 31, 2022. Based on current estimates, management expects:
- Revenues between $425 million and $435 million
- *Non-GAAP gross margin between 83% and 85%
- *Non-GAAP income from operations between $204 million and $209 million
- *Non-GAAP earnings per diluted share between $2.11 and $2.16
This outlook is not a guarantee of future performance and stockholders should not rely on such forward-looking statements. See "Forward-Looking Statements" for additional information.
*Please refer to "Use of Non-GAAP Financial Measures" below for important information about non-GAAP financial measures. A reconciliation between U.S. GAAP and non-GAAP Statement of Income is provided following the financial statements that are included in this release. Non-GAAP financial results exclude share-based compensation adjustments.
Use of Non-GAAP Financial Measures
In addition to InMode's operating results presented in accordance with GAAP, this release contains certain non-GAAP financial measures including non-GAAP net income, non-GAAP earnings per diluted share, and non-GAAP operating margin. Because these measures are used in InMode's internal analysis of financial and operating performance, management believes they provide investors with greater transparency of its view of InMode's economic performance. Management also believes the presentation of these measures, when analyzed in conjunction with InMode's GAAP operating results, allows investors to more effectively evaluate and compare InMode's performance to that of its peers, although InMode's presentation of its non-GAAP measures may not be strictly comparable to the similarly titled measures of other companies. Schedules reconciling each of these non-GAAP financial measures are provided as a supplement to this release.
Conference Call Information
Mr. Moshe Mizrahy, Chairman and Chief Executive Officer, Dr. Michael Kreindel, Co-Founder and Chief Technology Officer, Mr. Yair Malca, Chief Financial Officer, Mr. Shakil Lakhani, President of North America, and Dr. Spero Theodorou, Chief Medical Officer, will host a conference call today, July 28, 2022, at 8:30 a.m. Eastern Time to discuss the second quarter 2022 financial results.
The Company encourages participants to pre-register for the conference call using the following link:
Callers will receive a unique dial-in number upon registration, which enables immediate access to the call. Participants may pre-register at any time, including up to and after the call start time.
For callers that opt out of pre-registration, please dial one of the following teleconferencing numbers. Please begin by placing your call 10 minutes before the conference call commences. If you are unable to connect using the toll-free number, please try the international dial-in number.
U.S. Toll-Free Dial-in Number: 1-833-316-0562
Israel Toll- Free Dial-in Number: 1-80-921-2373
International Dial-in Number: 1-412-317-5736
Webcast URL: https://event.choruscall.com/mediaframe/webcast.html?webcastid=CU9qrvpT
At:
8:30 a.m. Eastern Time
5:30 a.m. Pacific Time
3:30 p.m. Israel Time
The conference call will also be webcast live from a link on InMode's website at https://inmodemd.com/investors/events-presentations/. A replay of the conference call will be available from July 28, 2022, at 12 p.m. Eastern Time to August 11, 2022, at 11:59 p.m. Eastern Time. To access the replay, please dial one of the following numbers:
Replay Dial-in U.S TOLL-FREE: 1-877-344-7529
Replay Dial-in Canada TOLL-FREE: 855-669-9658
Replay Dial-in TOLL/INTERNATIONAL: 1-412-317-0088
Replay Pin Number: 7761650
To access the replay using an international dial-in number, please select the link below:
A replay of the conference call will also be available for 90 days on InMode's website at https://inmodemd.com/investors/.
About InMode
InMode is a leading global provider of innovative medical technologies. InMode develops, manufactures, and markets devices harnessing novel radio frequency ("RF") technology. InMode strives to enable new emerging surgical procedures as well as improve existing treatments. InMode has leveraged its medically accepted minimally invasive RF technologies to offer a comprehensive line of products across several categories for plastic surgery, gynecology, dermatology, otolaryngology, and ophthalmology. For more information about InMode, please visit www.inmodemd.com.
Forward-Looking Statements
The information in this press release includes forward-looking statements within the meaning of the federal securities laws. These statements generally relate to future events or InMode's future financial or operating performance, including the future performance described above under the heading titled "2021 Financial Outlook." Actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. In some cases, you can identify these statements because they contain words such as "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "predict," "project," "will," "would" and similar expressions that concern our expectations, strategic plans or intentions. Forward-looking statements are based on management's current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict, including with respect to the impact of the COVID-19 global outbreak. Consequently, actual results could differ materially from those indicated in these forward-looking statements. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements included in InMode's Annual Report on Form 20-F filed with the Securities and Exchange Commission on February 10, 2022, as well as risk factors relating to the COVID-19 global outbreak and our future public filings. InMode undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which pertain only as of the date of this press release.
(1) The number of shares have been adjusted retroactively for a 1-for-2 stock split of InMode shares by way of an issuance of bonus shares that occurred pursuant to a resolution of our board of directors dated September 14, 2021.
(1) The number of shares have been adjusted retroactively for a 1-for-2 stock split of InMode shares by way of an issuance of bonus shares that occurred pursuant to a resolution of our board of directors dated September 14, 2021.
(1) The number of shares have been adjusted retroactively for a 1-for-2 stock split of InMode shares by way of an issuance of bonus shares that occurred pursuant to a resolution of our board of directors dated September 14, 2021.
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| 2022-07-28T11:31:44Z
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Wound Healing & Gut Health Supplements Debut at Booth 1339 at NACDS Total Store Expo
BOSTON, Aug. 24, 2022 /PRNewswire/ -- Megalabs USA, a subsidiary of Megalabs Inc., that manufactures, markets and distributes pharmaceutical products and nutritional supplements throughout the Americas, has added two new products, Abintra and Glutapak R, to its North American portfolio. These additions join the brand's other science-based nutritional products, which include Enterex Diabetic, a nutritionally complete, high-protein shake specially formulate for for people with diabetes, and Prunelax, a popular lineup of laxative supplements.
Megalabs USA CEO Fabian Rivero said the portfolio expansion further supports the company's mission. "We are passionate about creating products that improve the lives of our customers," Rivero said. "These new products offer proven, evidence-based therapies, and I couldn't be prouder to bring them to our North American markets."
Abintra is Megalabs USA's nutritional supplement formulated to help heal wounds. Although it's an often-overlooked aspect of wound care, nutrition is a key factor for healing. Abintra features a unique combination of arginine, glutamine, high-quality protein, and antioxidant vitamins and minerals in a quick-dissolving powder. The formula works to promote tissue synthesis and wound healing from within.
Glutapak R is a probiotic glutamine supplement for gut health and intestinal healing. Glutapak R is currently the only therapeutic intestinal product on the market that both restores healthy microflora in the gut with a clinically proven probiotic and helps to repair intestinal damage with glutamine. Though the products have just launched, they are already seeing positive reviews, especially among healthcare providers.
"As physicians have long known, proper nutrition is a key aspect of wellness," Rivero said. "Products like Abintra and Glutapak R support optimal nutrition in cases when it matters most, which is why we've seen such a positive reception for them within the healthcare community."
Abintra and Glutapak R are available on Amazon.com. Glutapak R can also be found at Navarro and other local Miami pharmacies.
About Megalabs USA
Megalabs USA is a subsidiary of Megalabs, an international pharmaceutical company that manufactures, markets and distributes pharmaceutical products and nutritional supplements throughout the Americas, including the United States and Canada. It distributes over-the-counter products formulated with plant extracts known for their medicinal attributes, combining them with nutraceuticals, vitamins, and minerals to produce highly effective products for various wellness categories. Our mission is to develop and market effective over-the-counter medicines and nutraceuticals, preferably of natural origin, that improve the health and quality of our customers' lives. Company products are readily available in all markets in the Americas through subsidiaries and distributors that are highly committed to our brands, and active in multiple retail channels, including drug, food, mass, and e-commerce. Our vision has led us to build a successful multinational company with leading quality and effective products in the essential categories of over-the-counter medicines and nutraceuticals. And we have achieved this while complying with the exacting standards and procedures required for drug manufacturing to ensure the efficacy and safety of our products. Megalabs USA develops and provides effective, over-the-counter products and supplements that use natural ingredients to improve people's health and quality of life.
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| 2022-08-24T17:08:13Z
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SILVER SPRING, Md., Aug. 5, 2022 /PRNewswire/ -- Today, the U.S. Food and Drug Administration is providing an update on additional steps it has taken that will lead to more infant formula available in the U.S. under the agency's recent increased flexibilities.
Company (Product Origin): Nestlé Health Science (The Netherlands)
Product(s): Nestlé SMA Nutrition Althéra
Type of Formula: Specialty – Hypoallergenic, Extensively Hydrolyzed Formula for the dietary management of infants with cow's milk protein allergy (CMPA) and/or multiple food allergies.
Estimated Quantity: 37,500 cans (about 33,000 pounds or about 495,000 full-size, 8-ounce bottles)
Availability: The product is expected to be available in August 2022.
More Information and Where to Find the Products: SMA Nutrition Althéra is intended for use under medical supervision. SMA Nutrition Althéra is a hypoallergenic, whey protein-based extensively hydrolyzed powdered formula intended for the dietary management of cow's milk protein allergy and/or multiple food allergies. It is nutritionally complete and suitable from birth or for supplementary feeding from 6 months up to 3 years of age. Not suitable for galactosemia, glucose-galactose malabsorption, or lactose intolerance. It will be available for purchase online through the Nestlé Nutrition store at https://www.nestlenutritionstore.com/.
The FDA is exercising enforcement discretion for the importation of the infant formula products listed above following the review of information provided pertaining to nutritional adequacy and safety, including microbiological testing, labeling and additional information about facility production and inspection history.
The agency is leveraging a number of flexibilities to bolster the supply of products that serve as the sole source of nutrition for many infants while ensuring the infant formula can be used safely and provides adequate nutrition. The FDA remains in further discussions with manufacturers and suppliers regarding additional supply to ensure there's adequate infant formula available wherever and whenever parents and caregivers need it.
The FDA issued guidance on May 16 that outlined a process by which the agency would not object to the importation of certain infant formula products intended for a foreign market or distribution in the U.S. of products manufactured here for export to foreign countries. This guidance also may provide flexibilities to those who manufacture infant formula products domestically and may be able to further increase the quantity of domestically-produced product for the U.S. market. The agency has posted a webpage that will be updated with information about additional products headed to the U.S.
Ongoing FDA Steps to Increase Availability of Safe, Nutritious Infant Formula
The agency's around-the-clock work as part of the all-of-government efforts has already begun to improve supply and availability. The agency expects that the measures and steps it is taking, and the resumption of production at the Abbott Nutrition's Sturgis, Mich., facility, will mean more and more supply is on the way or on store shelves moving forward.
The FDA continues to advise against making infant formulas at home or diluting formula. Parents and caregivers are encouraged to work with their child's health care provider for recommendations on changing feeding practices, if needed. The U.S. Department of Health and Human Services also has additional information available at HHS.gov/formula, including information to help families find infant formula.
The agency also monitors online marketplaces for fraudulent products and works with major online retailers to remove violative and harmful products offered for sale on their sites. Additionally, since many of these fraudulent products originate overseas, the agency targets and examines these products at ports of entry. The FDA also monitors and follows up on various external signals such as consumer complaints about potential counterfeit and fraudulent products.
The FDA will continue to dedicate all available resources to help ensure that safe and nutritious infant formula products remain available for use in the U.S. and will keep the public informed of progress updates.
Additional Information:
- Infant Formula Information and Ongoing FDA Efforts to Increase Supply
- Enforcement Discretion to Manufacturers to Increase Infant Formula Supplies
- HHS.gov/formula
- HHS.gov/news
- FDA Investigation of Cronobacter Infections: Powdered Infant Formula (February 2022)
- Powdered Infant Formula Recall: What to Know
- CDC Information on Cronobacter Infection and Infants
Media Contact: FDA Office of Media Affairs, 301-796-4540
Consumer Inquiries: 888-723-3366
The FDA, an agency within the U.S. Department of Health and Human Services, protects the public health by assuring the safety, effectiveness, and security of human and veterinary drugs, vaccines and other biological products for human use, and medical devices. The agency also is responsible for the safety and security of our nation's food supply, cosmetics, dietary supplements, products that give off electronic radiation, and for regulating tobacco products.
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SOURCE U.S. Food and Drug Administration
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https://www.mysuncoast.com/prnewswire/2022/08/05/fda-infant-formula-update-august-5-2022/
| 2022-08-05T16:49:46Z
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MIAMI (AP) — Tropical Storm Colin formed along the South Carolina coast on Saturday, bringing the threat of rain and high winds for a day or two during the holiday weekend before improving for Monday’s July Fourth celebrations.
The National Hurricane Center in Miami warned of the possibility of localized flash flooding along the Carolinas coast through Sunday morning. At 11 a.m. EDT Saturday, the storm’s center was about five miles (10 kilometers) west of Myrtle Beach, South Carolina, with maximum sustained winds of 40 mph (65 kph). It was moving northeast at 7 mph (11 kph).
The hurricane center said a tropical storm warning was in effect for a stretch from north of Little River, South Carolina, to Duck, North Carolina, including Pamlico Sound. The storm is not expected to strengthen as it moves into the Atlantic on Monday.
“Colin will continue to produce locally heavy rainfall across portions of coastal South and North Carolina through Sunday morning,” the center said. Isolated amounts could reach up to 4 inches (10 centimeters).
“This rainfall may result in localized areas of flash flooding,” the center said.
Some Fourth of July celebrations planned Saturday in Charleston, South Carolina, were canceled after significant water had pooled on the field at Joseph P. Riley Jr. Park and more rain was expected.
“Obviously, we’re disappointed,” said Scott Watson, the city’s director of cultural affairs. “This promised to be a great family event, and we hate to have to cancel.
Organizers were also forced to cancel a festival planned in Southport, North Carolina.
“The safety of Festival goers, vendors, volunteers, emergency workers and everyone is our highest priority,” festival spokesperson Trisha Howarth said in a statement.
Separately, the center of Tropical Storm Bonnie rolled into the Pacific on Saturday after a rapid march across Central America, where it caused flooding, downed trees and forced hundreds to evacuate in Nicaragua and Costa Rica. There were no immediate reports of deaths.
Late Saturday morning, the storm was centered about 65 miles (100 kilometers) south of the Nicaraguan capital, Managua, with maximum sustained winds of 40 mph (65 kph). It was moving to the west at 15 mph (24 kph).
It’s one of the rare storms to make an Atlantic to Pacific crossing without losing tropical storm force, thus maintaining its name. Forecasters said Bonnie is likely to become a hurricane this week off the southern coast of Mexico, but was unlikely to make a direct hit on land.
Many Nicaraguans still remember Hurricane Joan, a powerful 1988 storm that wreaked havoc on the coast and caused almost 150 deaths in the country.
“We are waiting for the storm to hit, hoping that it won’t destroy our region,” Bluefields resident Ricardo Gómez, who was 8 when Joan hit, said before Bonnie arrived.
The area was also battered by two powerful hurricanes, Eta and Iota, in quick succession in 2020, causing an estimated $700 million in damage.
Officials in Costa Rica expressed concern that the storm would unleash landslides and flooding in an area already saturated by days of rain. The government said seven shelters in the northern part of the country already held nearly 700 people displaced by flooding.
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https://cw33.com/news/ap-top-headlines/tropical-storm-colin-threatens-a-wet-weekend-for-carolinas/
| 2022-07-02T21:45:49Z
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Some students receiving free school meals, but not all
DENISON, Texas (KXII) - If you have a student going to Sherman or Denison schools this message is for you because a change is happening for their tummies.
When Covid first happened, all students received free breakfasts and lunches; now two years later, that program is ending.
During the last two years, the federal government offered a program for schools to apply to for students of any grade to get free breakfast and lunches, but that program has since expired due to congress not renewing the program.
Schools like Denison and Sherman, are having to find other programs for their students and will now be doing the program through the Community Eligibility Provision.
For Denison, students up until sixth grade, and for Sherman ISD, the students up until fourth grade will get free breakfast and lunches for the whole school year.
Sherman fifth graders will eat free but only until September 17th.
Denison ISD Assistant Superintendent for Business Services, Randy Reid, said this program was based on their demographics.
“Up until 6th grade we were able to be reimbursed basically our costs, above 7th through 12th we were not going to be able to financially provide that because we wouldn’t be reimbursed enough to cover that so we couldn’t provide that program,” Reid said.
Reid said parents of 7th graders through 12th graders were sent a letter in the mail telling them where they can go to apply for free and reduced lunches.
Reid said in order to qualify it depends on household income and how many people live in that home.
There is no maximum capacity for the free or reduced lunch program.
Copyright 2022 KXII. All rights reserved.
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https://www.kxii.com/2022/08/08/some-students-receiving-free-school-meals-not-all/
| 2022-08-08T23:14:00Z
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NEW YORK, June 21, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Convey Health Solutions Holdings, Inc. ("Convey" or the "Company") (NYSE: CNVY), in connection with the proposed acquisition of the Company by TPG Capital. Under the terms of the merger agreement, the Company's shareholders will receive $10.50 in cash for each share of Convey common stock owned. The transaction is valued at approximately $1.1 billion.
If you own Convey shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
https://www.weisslaw.co/news-and-cases/cnvy
Or please contact:
Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Weiss Law is investigating whether (i) Convey's board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $10.50 per-share merger consideration adequately compensates Convey's shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. Notably, the merger consideration is below the $11.00 median price target set by analysts, and at least one analyst set a price target for the Company of $12 per share, $1.50 above the per-share merger consideration.
Weiss Law has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com
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SOURCE Weiss Law
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https://www.mysuncoast.com/prnewswire/2022/06/21/shareholder-alert-weiss-law-investigates-convey-health-solutions-holdings-inc/
| 2022-06-21T19:25:39Z
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CHICAGO, May 10, 2022 /PRNewswire/ -- Burrell Communications Group, one of the world's leading multicultural marketing communications agencies, has announced the naming of Khari Streeter as its new chief creative officer, effective immediately. In this role, Streeter will lead the agency's dynamic, award-winning creative teams in developing the strategic, impactful work that is the agency's hallmark.
A respected leader, creative visionary, storyteller and filmmaker with three decades of experience, Streeter most recently served as executive vice president, creative director and head of Production for Hill Holiday, the respected, Boston-based marketing communications agency. While there, he effectively co-led the creative teams and headed integrated production including broadcast, digital, 360 activations and internal communications. He also oversaw and directed the business unit alignment for the agency's Bank of America/Merrill Lynch and U.S. Trust accounts.
Streeter additionally worked across categories on the Reebok, Cadillac, BMW Motorrad, Planet Fitness, American Lung Association, Liberty Mutual, Blue Cross-Blue Shield, Anheuser Busch, adidas and Converse accounts, among many others.
"Khari Streeter is a driven, industry acknowledged creative storyteller with a longstanding reputation for delivering results that resonate with audiences—which is of critical importance in this age of social evolution and change," said McGhee Osse, co-CEO of Burrell. "He's an insightful, passionate person who is widely recognized for the thinking, images and inspiration that he brings to his work, and we're thrilled to welcome him to this role," states co-CEO Fay Ferguson.
"I've had a non-linear path. Throughout my career and experience in advertising, a lot of my effort has been spent trying to convince clients that they need to have diverse work, diversity in their work, diverse audiences for their work as well as to try and lead the agencies that I've been a part of to increase their diversity in-house," Streeter says. "In this time of heightened awareness and the prioritization of inclusion, the trend has seemed to be headed in the right direction, but it's still performative. With the opportunity that Burrell represents, we're starting at a point that Burrell has already created the momentum for."
Streeter has garnered a host of awards for his work across the industry, including the AAF's diversity, equity and inclusion Mosaic Award for Allyship to Advocacy, awards from Communication Arts, the Effies and the Webbies. He's a Sundance Film Festival NHK International Screenplay Award winner, and has won the Grand Jury Prize from HBO's Urban World Film Festival and other accolades for his filmmaking.
About Burrell Communications Group
Founded in 1971, Burrell Communications Group was established to forge an authentic and respectful relationship with the African American consumer. Upon founder Tom Burrell's retirement in 2004, Fay Ferguson and McGhee Osse became Co-CEOs. Under their leadership the agency has continued to thrive, creating impactful campaigns for blue-chip clients such as Toyota, Comcast/Xfinity, McDonald's, P&G, Coca-Cola and Walmart, among others. For more information, please visit www.burrell.com.
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SOURCE Burrell Communications
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https://www.wibw.com/prnewswire/2022/05/11/burrell-communications-group-names-khari-streeter-its-new-chief-creative-officer/
| 2022-05-11T05:36:08Z
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SOUTHLAKE, Texas, June 1, 2022 /PRNewswire/ -- Mixmi froyo, a premium frozen yogurt on a simple mission to support your gut health, is now available at major grocery stores across the U.S. including Kroger and H.E.B among others. Mixmi froyo is a functional frozen treat which helps support digestion and gut health with six live and active probiotic cultures that are combined with prebiotic fiber to support the good microbiome in your gut. In addition, mixmi froyo has received kosher certification.
Consumers are becoming increasingly aware of how important their gut microbiome is to their overall physical, mental, and emotional health. Science has shown you are able to change your gut health by making good choices in what you eat. "Choosing to eat foods that contain prebiotic fiber and probiotics can literally change your gut health for the better," said Kristin Harlander, cofounder of mixmi. "This can have a significant impact on how you feel and even on your overall immunity." Mixmi froyo contains both prebiotic fiber and probiotic organisms that work together making a more effective combination than either fiber or probiotics alone. Additionally, yogurt and frozen yogurt have been around for years and are gaining traction in the world of fermented foods for all kinds of natural healthful properties. "Mixmi froyo is a healthier, great tasting, fun frozen treat, that provides probiotics and fiber in a food easily eaten by the whole family."
Mixmi froyo is fermented with six live and active cultures resulting in billions of probiotics per cup. The added prebiotic fiber feeds the helpful probiotics that are naturally found in your gut. "It sounds complicated, but really, what you are doing by eating products with prebiotics and probiotics is supporting your gut and your digestive tract," said Harlander.
The star probiotic in mixmi froyo is Bifidobacterium, BB-12®, one of the world's best documented probiotic backed by over 180 clinical studies. These studies indicate that BB-12® may have beneficial effects on the immune and gastrointestinal systems. "We are excited to feature BB-12® in mixmi froyo because of these extensive studies and beneficial effects," added Harlander.
"Mainstream grocery stores have done a great job providing a variety of products containing probiotics and helping educate their customers on the benefits of these products," said Harlander. "Mixmi froyo brings these benefits and more to the ice cream aisle." Mixmi froyo is now available in grocery stores in 30 states and is packaged in a 4-pack of four fluid ounce cups, each having only 90 calories per serving. Mixmi froyo is available in the following flavors at retail: Ultimate Chocolate, Orange Dream, Más Mango, Mint Chocolate, Totally Vanilla and Vanilla Cupcake.
Mixmi froyo is available in elementary, middle and high schools across the country and is now being rolled out at retail to reach more consumers looking for healthier alternatives in the frozen treat aisle.
Visit www.mixmifrozenyogurt.com for more information or on Instagram (https://www.instagram.com/mixmi_frozen_yogurt/) and Facebook (https://www.facebook.com/mixmifrozenyogurt).
Editor's Note: Food products can contain high numbers of probiotics, but if the probiotics are inactive (not alive), they will have NO benefit. Mixmi froyo contains verified live and active cultures in a prebiotic fiber dairy matrix.
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SOURCE Mixmi froyo
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https://www.wibw.com/prnewswire/2022/06/01/mixmi-frozen-yogurt-now-available-grocers-across-country/
| 2022-06-01T17:28:19Z
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NEW YORK, Aug. 23, 2022 /PRNewswire/ -- EXCLUSIVE: In the latest episode of The Chris Cuomo Project, former Donald Trump campaign chairman Paul Manafort shares his view on whether Trump will enter the 2024 presidential race. Manafort's wide-ranging interview with Cuomo also covers FBI's search of Mar-a-Lago, his work in Ukraine, and the Mueller investigation and his subsequent conviction and pardon.
Watch/listen here: https://youtu.be/JKr7J3TblGc
View original content:
SOURCE The Chris Cuomo Project
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https://www.kxii.com/prnewswire/2022/08/23/paul-manafort-tells-chris-cuomo-whether-he-believes-donald-trump-will-enter-2024-presidential-race/
| 2022-08-23T12:14:17Z
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Hugo man arrested after altercation at tire shop leads to shooting
HUGO, Okla. (KXII) - Hugo Police said a man was driven near Main Tire and got into a verbal altercation with the property owner, which escalated after the property owner tried to comfort him and the man threw a pickaxe at him.
Hugo Police Lieutenant Billy Jenkins said the property owner, Roy Shawhart, 51, had walked outside the shop Saturday after Gene Taylor left his office enraged to see if he was alright because police said Shawhart didn’t understand why Taylor was angry.
“(Shawhart) goes to ask him if he’s alright, and after that (Taylor) proceeded to act like he was going to assault (Shawhart),” Jenkins said.
Jenkins said Shawhart ran back inside the store, hiding behind a vehicle that he was doing repairs on. That’s when, Jenkins said, Taylor threw an object “similar to a pickaxe” at Shawhart that hit one of the corners of a vehicle he was working on.
“In the heat of it (Shawhart) was able to lower the door of the shop and told (Taylor) that he needed to leave the property,” Jenkins said.
Later that evening, Jenkins said Shawhart was in his office when he heard a loud banging, kicking and a voice coming from outside that he knew was Taylor.
Jenkins said Shawhart grabbed his rifle and brought it with him to the door, before laying it to the side.
Taylor started walking towards the shop and Jenkins said Shawhart warned him “not to come any closer.”
“He said he warned him three times not to come any closer, and told him not to come in the shop,” Jenkins said.
But Taylor wasn’t listening and feeling threatened, Jenkins said, Shawhart fired a round from his rifle and hit Taylor in the abdomen.
The shots were fired around 12:25 am Sunday and a neighbor called 9-1-1.
Shawhart is currently in custody in the Choctaw County Jail for assault and battery with a dangerous weapon.
Jenkins said Taylor is not currently facing any charges and is in the hospital with a gunshot wound.
Copyright 2022 KXII. All rights reserved.
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https://www.kxii.com/2022/05/04/hugo-man-arrested-after-altercation-tire-shop-leads-shooting/
| 2022-05-05T01:54:32Z
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RALEIGH, N.C., Aug. 2, 2022 /PRNewswire/ -- Northwestern Mutual announced today the Raleigh-area advisors who have been named to the Forbes 2022 "Best-In-State Financial Security Professionals" list. With over 270 Northwestern Mutual advisors recognized in total, four of them are in the greater Raleigh area, with Delynn Alexander ranking in the Top 100.
The Forbes list recognizes the nation's top-performing financial advisors who provide holistic financial planning, focusing on risk mitigation, wealth management and a personal planning experience. Honorees are selected using a broad set of criteria that includes production and premiums, assets under management, client retention rates and exhibition of best practices.
The Best-In-State Financial Security Professionals ranking follows the recognition of more than 120 Northwestern Mutual Wealth Management advisors on Forbes' "Best-In-State Wealth Advisors" list and 10 advisors on Barron's "Top 1,200 Financial Advisors" ranking. Leading industry publications including Financial Planning, Financial Advisor, ThinkAdvisor and InvestmentNews consistently rank Northwestern Mutual Investment Services as a top independent broker-dealer by total revenue.
The Raleigh-area Northwestern Mutual advisors recognized as 2022 Best-In-State Financial Security Professional Ranking 2022 are:
*indicates advisors honored in the Top 100
About Northwestern Mutual
Northwestern Mutual has been helping people and businesses achieve financial security for more than 165 years. Through a holistic planning approach, Northwestern Mutual combines the expertise of its financial professionals with a personalized digital experience and industry-leading products to help its clients plan for what's most important. With more than $560 billion in combined company and client assets, $34 billion in revenues, and $2.1 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to nearly five million people with life, disability income and long-term care insurance, annuities, and brokerage and advisory services. Northwestern Mutual ranked 97 on the 2022 FORTUNE 500 and was recognized by FORTUNE® as one of the "World's Most Admired" life insurance companies in 2022.
Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM), Milwaukee, WI (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries. Subsidiaries include Northwestern Mutual Investment Services, LLC (NMIS) (investment brokerage services), broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company® (NMWMC) (investment advisory and services), federal savings bank; and Northwestern Long Term Care Insurance Company (NLTC) (long-term care insurance). Not all Northwestern Mutual representatives are advisors. Only those representatives with "Advisor" in their title or who otherwise disclose their status as an advisor of NMWMC are credentialed as NMWMC representatives to provide investment advisory services.
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SOURCE Northwestern Mutual
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https://www.kxii.com/prnewswire/2022/08/02/forbes-2022-best-in-state-financial-security-professionals-list-recognizes-four-raleigh-area-northwestern-mutual-advisors/
| 2022-08-02T17:54:59Z
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NEW YORK, June 8, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Apyx Medical Corporation.
Shareholders who purchased shares of APYX during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: May 12, 2021 to March 11, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) 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, the Company was reasonably likely to incur regulatory scrutiny; (4) as a result of the foregoing, the Company's financial results would be adversely impacted; and (5) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
DEADLINE: August 5, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/apyx-medical-corporation-loss-submission-form/?id=28182&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of APYX during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is August 5, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
View original content:
SOURCE The Gross Law Firm
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https://www.wibw.com/prnewswire/2022/06/08/shareholder-alert-gross-law-firm-notifies-shareholders-apyx-medical-corporation-class-action-lawsuit-lead-plaintiff-deadline-august-5-2022-nasdaq-apyx/
| 2022-06-08T10:02:07Z
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– Trial Did Not Achieve Primary Endpoint in the Ulcerative Colitis (UC) Population Caused by Unexpected Interference Between Vidofludimus Calcium and Concurrent Use of Corticosteroids –
– In UC Population Without Concurrent Steroid Use, Pooled Vidofludimus Calcium Data Suggest Activity in Clinical Remission Over Placebo; Counterbalanced by Interference Observed in the UC Population with Concurrent Steroid Use –
– Company Does Not Plan Further Development Activities in Ulcerative Colitis Without a Partner –
– Focus to Remain on Ongoing Phase 3 Development of Vidofludimus Calcium in Multiple Sclerosis, and Ongoing IMU-935 and IMU-856 Programs with Clinical Data for Both Expected in 2022 –
– $93.1 Million in Cash and Cash Equivalents as of May 31, 2022 Expected to Fund Immunic
Into the Fourth Quarter of 2023 –
– Conference Call and Webcast, Including a Corporate Update, to be Held today,
June 2, 2022 at 8:00 am ET –
NEW YORK, June 2, 2022 /PRNewswire/ -- Immunic, Inc. (Nasdaq: IMUX), a clinical-stage biopharmaceutical company developing a pipeline of selective oral immunology therapies focused on treating chronic inflammatory and autoimmune diseases, today reported top-line data from its phase 2 CALDOSE-1 trial of lead asset, vidofludimus calcium (IMU-838), the company's selective oral DHODH inhibitor, in patients with moderate-to-severe ulcerative colitis (UC) (clinicaltrials.gov: NCT03341962).
The trial did not achieve the primary endpoint of clinical remission for the pooled 30 and 45 mg/day active dose groups of vidofludimus calcium versus placebo at week 10. In addition, no meaningful differences were observed between the three active dose groups for the overall intent-to-treat patient population (10 mg/day: 14.9%, 30 mg/day: 10.6%, 45 mg/day: 13.6%, placebo: 12.5%) or for the trial's other secondary endpoints, including symptomatic remission, or endoscopic healing.
Consistent with prior data sets in other patient populations, administration of vidofludimus calcium in this trial was observed to be safe and well-tolerated. No new safety signals were observed. As compared to placebo, there were no increased rates of infections and infestations, no elevated rates of liver events or liver enzyme elevations, and no elevated rates for changes in hematology-related laboratory variables. The most common adverse events in this trial were anemia (15/263 patients, 5.7%), headache (9/263 patients, 3.4%) and COVID-19 (7/263 patients, 2.7%). Most adverse events were generally mild in severity.
As is common for the design of clinical trials in UC, the use of oral systemic corticosteroids (≤20 mg/day prednisolone equivalent) was allowed in CALDOSE-1 in patients who had been treated with corticosteroids for at least four weeks before randomization. Doses of corticosteroids were required to be kept constant throughout the induction phase (weaning was not allowed in this phase of the trial), and the distribution of patients using corticosteroids was equal throughout all treatment groups.
Surprisingly, CALDOSE-1 data suggest a previously unknown treatment interference between the efficacy of vidofludimus calcium and the concurrent use of corticosteroids in the UC patient population. More specifically, the non-steroid patient population showed an 11.4% advantage in clinical remission for vidofludimus calcium over placebo (pooled vidofludimus calcium treatment groups at week 10: 14.7%, placebo: 3.3%). Such a difference in clinical remission between active treatment and placebo would traditionally be considered as confirming therapeutic activity. In contrast, patients concomitantly taking vidofludimus calcium and corticosteroids during induction treatment had a lower rate of clinical remission at week 10 (11.5%) than placebo patients (20.6%) and also lower than the group of vidofludimus calcium monotherapy without concurrent use of steroids (14.7%). This treatment interference between vidofludimus calcium and corticosteroids was not expected by currently available preclinical or clinical data.
"We are disappointed with the results of the CALDOSE-1 trial. The interference of vidofludimus calcium with concurrent corticosteroid use is surprising, and we will further explore the mechanism behind this unexpected observation. We believe that this finding has no consequences for our ongoing program in multiple sclerosis as corticosteroids are not used chronically in this patient population," stated Andreas Muehler, M.D., Chief Medical Officer of Immunic. "We are also happy to see that, once again, the study data confirm the very favorable safety and tolerability profile of vidofludimus calcium observed in other trials. Importantly, we want to thank all of the investigators, study personnel, patients and caretakers involved in this trial for their participation and tremendous contributions."
"Putting the CALDOSE-1 data in context with the wealth of compelling opportunities we have across our clinical development portfolio, we do not intend to move forward with phase 3 development of vidofludimus calcium in UC on our own," commented Daniel Vitt, Ph.D., Chief Executive Officer and President of Immunic. "We will use this opportunity to focus our vidofludimus calcium-related efforts around the ongoing multiple sclerosis program, including the phase 3 trials in relapsing multiple sclerosis (RMS) and the phase 2 trial in progressive multiple sclerosis (PMS). As evidenced by data from our phase 2 EMPhASIS trial, we believe vidofludimus calcium holds the potential for meaningful differentiation based on anticipated strong efficacy, unprecedented safety and tolerability, oral delivery, and neuroprotective effects. We also eagerly await further clinical data for IMU-935 and IMU-856 later this year, including phase 1b data of IMU-935 in moderate-to-severe psoriasis patients in the second half, and phase 1 safety data of IMU-856 in healthy human subjects in the third quarter. Both of these investigational medicines hold tremendous potential in their intended indications and beyond. Despite our disappointment with the overall CALDOSE-1 data, the second half of 2022 remains an exciting time for Immunic, and we hope to share successful data in the near future."
Corporate Update
Vidofludimus Calcium in Multiple Sclerosis
With completion of analysis from the Cohort 2 dataset, final data for the phase 2 EMPhASIS trial of vidofludimus calcium in relapsing-remitting multiple sclerosis (RRMS) are available. In the final data set combining patients from both Cohort 1 (30 mg, 45 mg and placebo) and Cohort 2 (10 mg and placebo), placebo adjusted reductions in gadolinium-enhancing lesions at 24 weeks for the 10 mg, 30 mg, and 45 mg dose groups of vidofludimus calcium were 13%, 78%, and 74%, respectively. The company believes this data provides further corroboration for the selection of the 30 mg dose for the ongoing phase 3 program in RMS.
In addition, the final data also provide evidence of dose-proportional neuroprotective activity. For instance, the baseline adjusted decreases in the biomarker serum neurofilament light chain (NfL) at 24 weeks for the 10 mg, 30 mg, and 45 mg dose groups of vidofludimus calcium were 9%, 18%, and 26%, respectively, as compared to placebo. The company believes this observation suggests that higher doses, such as 45 mg vidofludimus calcium, may be preferrable in indications where neuroprotective effects are most important, such as in PMS.
Patient enrollment in both the phase 3 ENSURE program of vidofludimus calcium in patients with RMS and the phase 2 CALLIPER trial of vidofludimus calcium in patients with PMS remain ongoing.
IMU-935 in Psoriasis
The phase 1b clinical trial of IMU-935, the company's highly potent and selective oral IL-17 inhibitor, is ongoing in patients with moderate-to-severe psoriasis. This week, the company received regulatory approval to proceed with the trial in Europe, which should expedite enrollment of the high dose cohort, which is currently being started. Initial results from the psoriasis portion of the phase 1 clinical trial are targeted for the second half of 2022.
IMU-856 in Healthy Human Subjects and Celiac Disease
The company continues to expect a third quarter 2022 release of data from both the single and multiple ascending dose parts of the ongoing phase 1 clinical trial of IMU-856, an orally available and systemically acting small molecule shown preclinically to regulate intestinal barrier function and regenerate bowel epithelium. Recently, Immunic also started the third part of this phase 1 clinical trial in patients with celiac disease, which is currently ongoing.
Cash and Cash Runway
Cash and cash equivalents as of May 31, 2022 were $93.1 million. The company expects to have funding into the fourth quarter of 2023.
Webcast Information
Immunic will host a webcast today at 8:00 am ET. To participate in the webcast, please register in advance at: https://imux.zoom.us/webinar/register/WN_XgdotnImTHKxQiLFa958mA or on the "Events and Presentations" section of Immunic's website at: ir.imux.com/events-and-presentations. Registrants will receive a confirmation email containing a link for online participation or a telephone number for dial in access.
An archived replay of the webcast will be available approximately one hour after completion on Immunic's website at: ir.imux.com/events-and-presentations.
About the CALDOSE-1 Trial
The phase 2 CALDOSE-1 trial was a multicenter, randomized, double-blind, placebo-controlled, dose-finding study which included 263 UC patients from 78 study sites in the United States, Western, Central and Eastern Europe. The trial was designed to evaluate the efficacy and safety of vidofludimus calcium in patients with moderate-to-severe UC. The primary endpoint comprised a composite of a patient-reported outcome and endoscopy-assessed outcome, also referred to as clinical remission, both evaluated following ten weeks of induction treatment. Patients were randomized into four arms: three active dosing arms of 10 mg, 30 mg and 45 mg of vidofludimus calcium, as well as placebo.
CALDOSE-1 was the first trial of vidofludimus calcium that allowed chronic co-medication with corticosteroids. Explanation for the observed interference is not yet available and this finding was not predicted based on any prior preclinical or clinical data. The company does intend to explore this potential topic scientifically. In the meantime, the company plans to only develop vidofludimus calcium in indications, such as multiple sclerosis, where chronic corticosteroid administration does not play a role in routine treatment.
About Vidofludimus Calcium (IMU-838)
Vidofludimus calcium is an investigational drug in development as an orally available, next-generation selective immune modulator that is designed to inhibit the intracellular metabolism of activated immune cells by blocking the enzyme dihydroorotate dehydrogenase (DHODH). Vidofludimus calcium has been observed to act on activated T and B cells while leaving other immune cells largely unaffected and allows the immune system to stay functioning, e.g., in fighting infections. In previous trials, vidofludimus calcium did not show an increased rate of infections compared to placebo. In addition, DHODH inhibitors, such as vidofludimus calcium, are known to possess a host-based antiviral effect, which is independent with respect to specific virus proteins and their structure. Therefore, DHODH inhibition may be broadly applicable against multiple viruses. To date, vidofludimus calcium has been tested in more than 1,100 individuals and has shown an attractive pharmacokinetic, safety and tolerability profile. Vidofludimus calcium is not yet licensed or approved in any country.
About Immunic, Inc.
Immunic, Inc. (Nasdaq: IMUX) is a clinical-stage biopharmaceutical company with a pipeline of selective oral immunology therapies focused on treating chronic inflammatory and autoimmune diseases. The company is developing three small molecule products: its lead development program, vidofludimus calcium (IMU-838), a selective immune modulator that inhibits the intracellular metabolism of activated immune cells by blocking the enzyme DHODH and exhibits a host-based antiviral effect, is currently being developed as a treatment option for multiple sclerosis, and primary sclerosing cholangitis. IMU-935, a selective inverse agonist of the transcription factor RORγ/RORγt, is targeted for development in psoriasis, castration-resistant prostate cancer and Guillain-Barré syndrome. IMU-856, which targets the restoration of the intestinal barrier function, is targeted for development in diseases involving bowel barrier dysfunction. For further information, please visit: www.imux.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains "forward-looking statements" that involve substantial risks and uncertainties for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations, future financial position, future revenue, projected expenses, expected timing and results of clinical trials, prospects, plans and objectives of management are forward-looking statements. Examples of such statements include, but are not limited to, statements relating to Immunic's three development programs and the targeted diseases; the potential for vidofludimus calcium to safely and effectively target diseases; preclinical and clinical data for vidofludimus calcium; the timing of current and future clinical trials and anticipated clinical milestones; the nature, strategy and focus of the company and further updates with respect thereto; and the development and commercial potential of any product candidates of the company. Immunic may not actually achieve the plans, carry out the intentions or meet the expectations or projections disclosed in the forward-looking statements and you should not place undue reliance on these forward-looking statements. Such statements are based on management's current expectations and involve substantial risks and uncertainties. Actual results and performance could differ materially from those projected in the forward-looking statements as a result of many factors, including, without limitation, the COVID-19 pandemic, risks and uncertainties associated with the ability to project future cash utilization and reserves needed for contingent future liabilities and business operations, the availability of sufficient financial and other resources to meet business objectives and operational requirements, the fact that the results of earlier preclinical studies and clinical trials may not be predictive of future clinical trial results, the protection and market exclusivity provided by Immunic's intellectual property, risks related to the drug development and the regulatory approval process and the impact of competitive products and technological changes. A further list and descriptions of these risks, uncertainties and other factors can be found in the section captioned "Risk Factors," in the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2021, filed with the SEC on February 24, 2022, and in the company's subsequent filings with the Securities and Exchange Commission. Copies of these filings are available online at www.sec.gov or ir.imux.com/sec-filings. Any forward-looking statement made in this release speaks only as of the date of this release. Immunic disclaims any intent or obligation to update these forward-looking statements to reflect events or circumstances that exist after the date on which they were made. Immunic expressly disclaims all liability in respect to actions taken or not taken based on any or all the contents of this press release.
Contact Information
Immunic, Inc.
Jessica Breu
Head of Investor Relations and Communications
+49 89 2080 477 09
jessica.breu@imux.com
US IR Contact
Rx Communications Group
Paula Schwartz
+1-917-322-2216
immunic@rxir.com
US Media Contact
KOGS Communication
Edna Kaplan
+1-781-639-1910
kaplan@kogspr.com
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https://www.mysuncoast.com/prnewswire/2022/06/02/immunic-inc-reports-top-line-data-phase-2-caldose-1-trial-vidofludimus-calcium-patients-with-moderate-to-severe-ulcerative-colitis-provides-corporate-update/
| 2022-06-02T11:13:00Z
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- Net Israeli revenues in 2021 increased 38% to 83.6 million.
- Initial revenues from medical cannabis oils export from Israel, which began at the end of 2020, were 5.6 million in 2021.
- As of February 2022, about a year after the oils export's launch, Panaxia is ranked #3 in cannabis oils sales in the category in Germany, with about 8% market share (Insight Health Report, Feb 2022).
- Export revenues yet to include revenues from cannabis extracts for vaporization sales, Panaxia's flagship product, whose sales in Germany started this year.
- The company anticipates that the cessation of contract manufacturing activities, distribution, logistics, and retail in Israel will significantly improve the company's gross profitability, along with a decrease in the company's sales turnover revenues in the first stage.
LOD, Israel, April 5, 2022 /PRNewswire/ -- Dr. Dadi Segal, CEO of Panaxia Israel: "We conclude 2021 with double-digit revenue growth, including export revenues of approximately 5.6 million and 8% market share in the oils category in Germany. It was a launching year and a market penetration of the first product we have exported, clinically repellent and clinically backed. We are proud that at such an early stage, about a year after we first started exporting our premium oils to Germany, Panaxia ranks #3 in cannabis oil sales in Germany. At the beginning of the year, we began initial sales in Germany of our flagship product – medical cannabis extracts for vaporization, a clean product with 100% active ingredients and no hazardous combustibles. This product has many benefits, and it's the first and only product that, as we estimate, will have a market share of a few dozen percent. It receives very positive reactions from doctors, and we presume all this will be reflected in demand for the product by patients along the road".
"Looking ahead to 2022, the company continues to pursue its profitability improvement plans and in the production and export of unique finished products, including the extracts for vaporization in Germany and cannabis tablets for the experimental government program in France, as well as expansion to other countries. The experimental program in France is expected to be finalized on March 2023, and we then intend to submit a regulatory marketing permit request to the authorities in France for commercial marketing and product distribution. We believe that this market is expected to be one of the largest markets in the Western world".
The Israeli subsidiary of Panaxia Global, Panaxia Labs Israel Ltd. ("Panaxia Israel"), (TASE: PNAX), a global pharma company that develops, manufactures, and markets advanced medical cannabis products in pharmaceutical quality, published its financial results for the 4th quarter and the fiscal year of 2021.
4th quarter and 2021 Results:
The Company's revenues in the 4th quarter of 2021 amounted to approximately 23.8 million, an increase of approximately 40% from the revenues of approximately 17 million in the corresponding quarter last year.
The Company's revenues in 2021 amounted to approximately 83.6 million, an increase of 37.6%, compared to revenues of approximately 60.7 million in 2020.
The increase in the Company's revenues in 2021 is due to 'its progress and the sale of its products, in parallel with a reduction in the volume of production services to third parties and retail sales to patients. In addition, in December 2020, the company began exporting its medical cannabis oils to Germany and Cyprus.
Exports: During 2021, which was a year of penetration into the German market, the company recorded revenues from exports of medical cannabis oils in the amount of approximately 5.6 million. As of February 2022, about a year after it started selling cannabis oils in Germany, Panaxia ranks 3rd in cannabis oil sales in the country, occupying about 8% share in the category, despite a late entry into the German market due to restrictions on exports from Israel.
It should be emphasized that the above export revenues do not yet include revenues from sales of inhaled medical cannabis extracts, the company's flagship product, whose sales began this year. As of the date of publication of the report, this will be reflected in demand for the purchase of the products by patients later on.
About Panaxia Labs Israel
Panaxia Labs Israel, Ltd., which is traded on the Tel Aviv stock exchange (TASE: PNAX), is a global pharma company, which develops, manufactures, and markets advanced medical cannabis-based products of pharmaceutical quality and is the largest manufacturer of medical cannabis products in Israel. Panaxia is a pioneer in the medical cannabis market in Israel with an EU-GMP European production standard from the EU Health Authority, which is required for the commercial manufacturing and export of medical cannabis and its products to Europe. Panaxia specializes in developing, producing, and marketing of complex and advanced cannabis plant products based on clinical information and a broad database of tens of thousands of patients.
Panaxia Israel is a subsidiary of Panaxia Pharmaceutical Industries, established in 2010 by Dr. Dadi Segal (Ph.D.), Dr. Eran Goldberg (Ph.D.), and Adv. Assi Rotbart (LL. B, BSc), as the cannabis division of Segal Pharma Group, has been operating for over four decades, manufacturing more than 600 different pharmaceuticals distributed in over 40 countries.
Panaxia USA (a subsidiary of Panaxia Global) manufactures in North America more than 60 medical cannabis-based products, including sublingual tablets, lozenges, oils, inhalers, and more, designed to treat diseases such as Post-Traumatic Stress Disorder, Cancer, Chronic Pain, Epilepsy, Anorexia, Burn Treatment, and many other conditions.
To learn more about Panaxia, please visit https://panaxia.co.il.
For further information, please contact: yelena@panaxia.co.il
Photo - https://mma.prnewswire.com/media/1780762/PANAXIA.jpg
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https://www.wibw.com/prnewswire/2022/04/05/panaxia-sums-up-2021-with-growth-38-total-revenues-its-israeli-activity-including-initial-revenues-cannabis-oils-export-56-million/
| 2022-04-05T15:37:46Z
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- Jennifer Robinson Appointed Chief Financial Officer
- Mario Lozada Appointed Chief Information Officer
- Shahnaz Broucek Appointed Chief Leadership Coach and Culture Development Officer
FORT LAUDERDALE, Fla., Aug. 15, 2022 /PRNewswire/ -- RV Retailer, LLC announced today the appointments of Jennifer Robinson as Chief Financial Officer, Mario Lozada as Chief Information Officer and Shahnaz Broucek as Chief Leadership Coach and Culture Development Officer.
"We continue to build an exceptional leadership team at RVR," said Jon Ferrando, President and CEO of RVR. "I am excited to attract the caliber of talent and experience that Jennifer Robinson, Mario Lozada and Shahnaz Broucek will bring to the areas of finance, technology and leadership and culture development at RVR as we continue to grow. They will make great additions to our leadership team."
Jennifer Robinson Appointment as Chief Financial Officer
Jennifer Robinson will serve as RVR's Vice President, Chief Financial Officer with responsibility for RVR's finance organization, reporting directly to Jon Ferrando. She will lead all finance functions, including accounting, financial reporting, capital planning, capital structure, financial planning and analysis, finance operations support, shared services, and treasury operations. Her appointment is effective August 15, 2022.
Jennifer Robinson has over two decades of finance and accounting experience, starting her career at Deloitte and serving in finance roles the past 15 years for retail organizations, including public company CFO experience. She held senior finance positions at Michaels Stores, a $5 billion retail company with over 1,000 locations. Jennifer holds a CPA from the State of Texas, a Master of Business Administration from the University of Arkansas, and a Bachelor of Science in Accounting from Oklahoma State University.
"I am pleased to welcome Jennifer Robinson to our leadership team," said Jon Ferrando. "Jennifer brings deep and extensive finance experience in the consumer retail sector. She will help us drive operational excellence as we continue to grow RV Retailer."
"I am excited to join RV Retailer as CFO and lead the finance organization," said Jennifer Robinson. "RVR's growth has been exceptional, and I look forward to working with Jon and the RVR leadership team to execute on the company's priorities and drive continued growth."
Mario Lozada Appointment as Chief Information Officer
Mario Lozada will serve as RVR's Chief Information Officer with responsibility for the company's information technology function. His appointment was effective August 1, 2022. He will report to Famous Rhodes, RVR's VP, CMO.
Mario Lozada is a seasoned IT leader with significant retail technology experience including most recently at Payless ShoeSource, where he led the company's digital transformation by moving all technology from applications to infrastructure to the cloud, while significantly reducing IT operating expenses. Mario holds a bachelor's degree in Management Information Systems and a Master's degree in Information Technology from Barry University and he served in the United States Air Force as an Information Technology Specialist.
"Mario Lozada will strengthen our team with his retail IT experience," said Jon Ferrando. "Mario will be focused on ensuring we have strong IT systems and infrastructure as we continue our growth and invest in RV industry-leading retail technology as part of our strategy over the next several years."
"It's wonderful to become a part of RV Retailer's management team and support the company's technology function and future investments," said Mario Lozada. "I look forward to leading the IT function and supporting the company's technology priorities."
Shahnaz Broucek Appointment as Chief Leadership Coach and Culture Development Officer
Shahnaz Broucek will serve as Chief Leadership Coach and Culture Development Officer, reporting to Jon Ferrando. Her appointment is effective August 15, 2022. Shahnaz will be responsible for RVR's executive leadership development program and strategy, providing high impact learning, coaching and development resources for RVR leadership teams, and take a lead role in RVR's strategy and investments to build a strong positive culture at RVR.
Shahnaz Broucek has extensive experience in leadership development and executive coaching, team building, business communications, change management, business strategy, and human capital management. She served on the faculty of the Ross School of Business at the University of Michigan teaching BBA and MBA students, and designed and taught programs at the Ross Executive Education Program, including RVR's University of Michigan Leadership Development Program that RVR's top 20 leaders participated in over the past year.
"Shahnaz Broucek will be an excellent addition to our team," said Jon Ferrando. "She is a talented and passionate leader, with expertise in leadership coaching, communications, and culture development. Her appointment to our team full-time reflects our unprecedented commitment to leadership development, investing in our associates, and building a great culture. She will work closely with me and Taylore Elliott, our CHRO, on these key priorities."
"I am excited to join Jon and RV Retailer's passionate leadership team to focus on leadership development, building a positive culture, and high impact learning," said Shahnaz Broucek. "I look forward to building on the tremendous achievements at the RVR University of Michigan Leadership Development Program throughout the company."
RV Retailer, LLC is a leading recreational vehicle retail company in the United States with a focus on providing an outstanding experience for recreational vehicle customers in new and used sales, service and parts, and throughout the customer RV ownership experience. RV Retailer has 103 RV locations in 32 states: Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Idaho, Indiana, Iowa, Kentucky, Michigan, Missouri, Montana, Nevada, New Hampshire, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wyoming. Regional store brands include: RV One Superstores, Motor Home Specialist, ExploreUSA, Floyd's RV, Sonny's Camp-N-Travel, Cousins RV, Camper Clinic, RV Outlet USA, Lifestyle RVs, Family RV Group, Northgate RV, Tom's Camperland and Blue Dog RV, which sell a wide range of new and used RV brands with thousands of RVs in inventory.
RV Retailer has a talented leadership team led by founder Jon Ferrando, Chief Executive Officer and President. Jon Ferrando was instrumental in building America's largest automotive retailer from start-up to over $20 billion in revenue and founded RV Retailer in 2018. RV Retailer's leadership team has over 250 years of automotive and RV retail industry experience.
Media Contact
Caroline Andrew, Senior Partner
(646) 373-2899
RVRetailer@FINNPartners.com
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https://www.kxii.com/prnewswire/2022/08/15/rv-retailer-llc-announces-leadership-team-appointments/
| 2022-08-15T19:50:33Z
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Editors Select the 100 Most Exciting Hotel and Resort Openings Around the Globe
NEW YORK, April 12, 2022 /PRNewswire/ -- Dotdash Meredith's Travel + Leisure names the 100 most unforgettable new and reimagined properties in 35 countries around the world in its 17th annual It List of best new hotels, announced today. The Travel + Leisure 2022 It List of the most exciting hotel and resort openings of the past year, including 35 properties in the United States, is featured now on www.travelandleisure.com/it-list and in the May issue of Travel + Leisure, on newsstands April 22.
Jacqui Gifford, Editor in Chief of Travel + Leisure, said, "The hotels on this year's It List represent 100 reasons to travel now, from luxury escapes in urban destinations to affordable beachside getaways. We know that the world has changed immeasurably in the past few years, presenting unprecedented challenges to the industry—which makes inclusion on this particular list all the more extraordinary. Congratulations to the 2022 It List hotels!"
Spotlighting the 100 best new hotels and resorts that have made the biggest impression on Travel + Leisure editors and contributors, the 2022 It List features 41 hotels in North America, 34 in Europe, 9 in the Caribbean and Central and South America, 8 in Africa and the Middle East, 6 in Asia, and 2 in Australia. To see the full list of all 100 hotels along with descriptions about why each one offers a standout experience, visit www.travelandleisure.com/it-list
How the It List hotels are selected: over the past year, the editors sifted through hundreds of new and renovated properties across the globe, which were then narrowed to just 100 in total. Each hotel has been vetted by Travel + Leisure.
ABOUT TRAVEL + LEISURE
Travel + Leisure is the preeminent voice for the sophisticated traveler, serving up expert intelligence and the most immersive travel lifestyle content anywhere. Travel + Leisure captures the joy of discovering the cultural pleasures the world has to offer—from art and design to shopping and style to food and drink—and provides compelling reasons to get up and go. Reaching an audience of more than 30 million, the Travel + Leisure media portfolio includes the U.S. flagship magazine, travelandleisure.com, newsletters, the Let's Go Together podcast, the World's Best Awards franchise, an extensive social media presence, and international editions in China, India, Mexico, and Southeast Asia. Launched in 1971, Travel + Leisure is part of the Dotdash Meredith publishing family and is owned by Travel + Leisure Co. (NYSE: TNL).
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https://www.mysuncoast.com/prnewswire/2022/04/12/travel-leisure-announces-it-list-best-new-hotels-2022/
| 2022-04-12T14:51:34Z
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GUANGZHOU, China, May 17, 2022 /PRNewswire/ -- Yatsen Holding Limited ("Yatsen" or the "Company") (NYSE: YSG), a leading Chinese beauty company, today announced that it will release its unaudited financial results for the first quarter of 2022 on Tuesday, May 24, 2022, before the open of the U.S. markets.
The Company's management will hold a conference call on Tuesday, May 24, 2022 at 7:30 am U.S. Eastern Time (7:30 pm Beijing/Hong Kong Time) to discuss the financial results. Listeners may access the call by dialing the following numbers:
A live and archived webcast of the conference call will be available on the Company's investor relations website at http://ir.yatsenglobal.com/.
A replay of the conference call will be accessible by phone one hour after the conclusion of the live call at the following numbers, until May 31, 2022:
About Yatsen Holding Limited
Yatsen Holding Limited (NYSE: YSG) is a leading player in China's beauty market with a mission to create an exciting new journey of beauty discovery for consumers in China and around the world. Founded in 2016, the Company has launched and acquired multiple color cosmetics and skincare brands including Perfect Diary, Little Ondine, Abby's Choice, Galénic, DR.WU (its mainland China business), Eve Lom, and Pink Bear. The Company's flagship brand, Perfect Diary, is one of the top color cosmetics brands in China in terms of online retail sales value. Leveraging its digitally native direct-to-customer business model, the Company has built core capabilities which enable it to launch and scale multiple brands quickly while offering a wide selection of products to a growing variety of customers. The Company reaches and engages with customers directly both online and offline, with expansive presence across all major e-commerce, social and content platforms in China.
For more information, please visit http://ir.yatsenglobal.com/.
For investor and media inquiries, please contact:
In China:
Yatsen Holding Limited
Investor Relations
E-mail: ir@yatsenglobal.com
The Piacente Group, Inc.
Emilie Wu
Tel: +86-21-6039-8363
E-mail: yatsen@thepiacentegroup.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: yatsen@thepiacentegroup.com
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https://www.wibw.com/prnewswire/2022/05/17/yatsen-announce-first-quarter-2022-financial-results-may-24-2022/
| 2022-05-17T10:40:42Z
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11-year-old with severe allergies impacted by formula shortage
O’FALLON, Ill. (KSDK) - An 11-year-old boy with severe allergies and his family are struggling to find the medical formula he needs due to the national baby formula shortage.
When Mackenzie Broyles pulls a box of Nutricia Neocate Splash from the pantry, it’s one of their last with the medical formula she needs for her 11-year-old son, Cash. She noticed she was running low, and that’s when she found out the national formula shortage was now hitting home.
Cash has eosinophilia, a condition that causes the disease-fighting white blood cells in his body to treat nearly all foods as a parasite or bacteria. The only foods he can tolerate are rice, potatoes, apples and Nutricia Neocate Splash.
The dietary requirement has been costing more every time his mom goes online for stock.
“It’s $567, and he would go through this in about five or six days,” Broyles said.
Like many parents, she turned to social media to see if anyone in her network had extra formula, finding a lot of willing kindness but no solutions.
“We’ve had I don’t know how many moms offer us breast milk. I don’t think they realized Cash was 11 when they offered that up,” Broyles said.
Neocate’s makers have an update on their website telling customers that “the Abbott formula recall in February led to a huge surge in demand for alternative amino acid-based formula, including our Neocate products.”
Broyles’ medical supplier told her that they have about 2,000 other customers in the St. Louis region in the same situation as her.
Ellyn Kodroff is the president of CURED, a foundation that’s donated $6 million for research on eosinophilic conditions, and now, they’re also trying to connect families with the formula they need.
“It is so difficult and so scary,” Kodroff said. “We knew right away there was going to be some kind of trouble. I don’t think we ever imagined that it was going to come to this.”
While the Broyles family searches for a solution, they turn to their faith, feeding their souls and hoping for a miracle. Unlike many of the infants affected by the shortage, Cash is expected to need his formula for years.
“We’re looking to God, and we’re trusting that God is going to provide for him right now because nobody else seems to know what to do,” Broyles said.
Broyles says she’s urging people in her network to contact Congress in hopes of passing the Medical Nutrition Equity Act, which would require health insurance companies to cover the medical formulas.
Copyright 2022 KSDK via CNN Newsource. All rights reserved.
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https://www.kxii.com/2022/05/18/11-year-old-with-severe-allergies-impacted-by-formula-shortage/
| 2022-05-18T10:37:36Z
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PITTSBURGH, Aug. 3, 2022 /PRNewswire/ --..."My dog barks uncontrollably at other dogs or people when we walk, and a loud "pssst" sound and squirt gun immediately stops the bad behavior," said an inventor from Englewood, N.J., "so I invented the WALK N SQUIRT."
The patent-pending invention provides peace of mind that owners are in complete control of their pet dog for a more enjoyable walking excursion. It helps to control dog barking or other unwanted behaviors which could be especially helpful for when the dog comes within certain distances of other pets or persons. The WALK N SQUIRT can be useful for multiple pet owners. It is Easy to use, convenient, adjustable and could be offered in different sizes and colors.
The original design was submitted to the New Jersey sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 20-NJD-2430, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp's Invention Submission Services at http://www.InventHelp.com.
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https://www.wibw.com/prnewswire/2022/08/03/inventhelp-inventor-develops-an-improved-dog-leash-njd-2430/
| 2022-08-03T17:26:51Z
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New publication reveals clear benefits of cuffless BP monitors for the first time, as experts call for guidelines to enable their use
NEUCHATEL, Switzerland , May 17, 2022 /PRNewswire/ -- A group of prominent blood pressure experts, including clinical and academic leaders, are acknowledging the tremendous potential of cuffless Blood Pressure monitors, and calling on international scientific and expert associations to include them in future versions of guidelines and standards. A new paper, published in Frontiers in Medical Technology and authored by the aforementioned experts, compares traditional and cuffless BP monitors for the first time, and makes a compelling argument for greater use of cuffless devices.
Using real-world, clinical trial, and observational data from people using Aktiia, the world's first continual cuffless BP monitor worn at the wrist, the paper compares readings to those from traditional methods in a number of scenarios. It draws a clear conclusion that the cuffless device provides a richer and more representative picture of a person's blood pressure over time.
"The ability to measure blood pressure automatically without disrupting the patient's day is the real game-changer with cuffless devices," comments Dr Jay Shah, Chief Medical Officer at Aktiia and a practising cardiologist at the Mayo Clinic.
"Cuffless allows many more readings to be taken throughout a person's day and over long periods of time, which unlocks the concept of 'time in target range' as opposed to a snapshot reading to try to assess a patient's blood pressure. For example, there is a known association between CV risk and night time BP, but getting an accurate picture of how a person's blood pressure behaves at night has been elusive until now. The benefits of automatic and continual readings must not be underestimated - it's an incredibly exciting time."
Research shows even a very motivated patient is unlikely to provide more than 30 readings a month, and in fact, half of hypertensive patients report never taking their BP at home, 10% check it less than once a month and only 24% more than once a week.
Cuffless BP monitors, when clinically validated, have also been found to be as accurate as traditional devices. In a trial of ambulatory vs. cuffless it was found that the difference in readings was below the error margin for any device currently on the market, meaning patients and clinicians can have a high degree of confidence in using them. Aktiia also provides a way for a person to easily share their BP data with their provider, which means clinicians can have a greater oversight of the patient's BP between office visits.
Hypertension is one of the biggest health burdens globally, and an area in which little progress has been seen for a long time. This new paper argues that cuffless monitoring could represent a new frontier in BP management, which would ultimately save lives. As such, the paper's authors and leading experts in BP are calling on international scientific and expert associations to include cuffless BP monitors in research and future versions of guidelines and standards, in order to facilitate their roll out among clinicians globally.
Notes to Editors
The undertreatment of hypertension remains a persistent clinical challenge. An estimated 6-8 million people in the UK live with undiagnosed or uncontrolled high blood pressure. There are real-world benefits of wrist-worn 24/7 automated blood pressure monitoring, as it removes the hassle, discomfort, and disruption of having to take a measurement with a cuff. Patients just aren't likely to take as many cuff readings as their physician needs to make a proper diagnosis or to monitor the effectiveness of treatment – but with Aktiia patient engagement and adherence is over 10x that of standard cuffs.
Aktiia has CE Mark class IIa medical device approval and to date over 31 million measurements have been taken across Europe.
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SOURCE Aktiia
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https://www.kxii.com/prnewswire/2022/05/17/experts-up-pressure-global-professional-bodies-revise-blood-pressure-monitoring-guidelines/
| 2022-05-17T07:11:04Z
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