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HONG KONG, Aug. 24, 2022 /PRNewswire/ -- BIT Mining (NYSE: BTCM) issued a letter to investors today:
Dear Colleagues, Investors and Friends of BIT Mining,
Our company has historically tried to remain humble in our approach to our communications with the public and allowed our actions to speak for themselves. However, with the recent declines in both the stock and cryptocurrency markets, we wanted to respond to the situation by addressing you directly. We have noticed the recent fluctuations in the share price, and this letter is to serve as a reminder of the incredible resilience of this company, as well as to give you some updates on the bright future to come. Internally, we remain strong, united and optimistic. We have a proven track record of overcoming obstacles and we attribute much of our past, present and future success to our ability to remain adaptable while quietly and diligently working toward our goals, regardless of any outside circumstances.
After two rounds of financing in 2022, we continue to invest in R&D, innovation and upgrading our core businesses. Our 82.5 MW power capacity at the Ohio Data Center not only can accommodate our own mining operations but also provide hosting services for third parties. We've settled our operations in the United States which offers a rich diversity of opportunity, a better regulatory framework, a stable power supply, and access to the most efficient capital markets on the planet. Our subsidiary, the ASIC designer and machine manufacturer, Bee Computing has completed prototypes of a new generation of highly efficient BTC and LTC/DOGE mining machines utilizing the latest technology. In the coming months, we will have engineering samples and commence testing of the new BTC miners. Our new ETC miners are among the lowest in terms of power consumption (0.7w/M) on the market. With our partners at Global Foundries, we've also successfully taped out a 12 nm chip and have completed production of more than 1,000 Litecoin mining wafers.
Our company has twice built incredibly successful businesses which have been halted by governmental regulations, so we are no stranger to reinventing ourselves. As recently as May 2021, we were operating a total of 435 MW of 100% sustainable, hydropower energy and had built the largest data center in the world to date - a 300 MW hydropower facility in Sichuan province. Our company had already set our sights globally at this time, but a policy change accelerated our plans and we carried them out swiftly, with determination and perseverance. Furthermore, we took this transitional opportunity to focus on diversifying our business, acquiring the mining pool, BTC.com, and ASIC designer and machine manufacturer, Bee Computing. When you invest in our company you get exposure to cryptocurrencies without having to hold the underlying assets, mining and data center operations, mining pool services, and ASIC R&D and machine manufacturing. We firmly believe this continual progress and our investment in future growth will yield the greatest returns in the medium to long term for our investors.
Having overcome many obstacles, what was once a gradually growing confidence in our company's ability to redefine itself has turned into excitement about the next challenge to come, as every crisis we've faced has been turned into another opportunity to evolve. We want to remind our investors that the fluctuations in our share price will not affect our regular business operations, nor will it cause us to lose sight of our long-term growth strategy. We want to also take a moment to mention that we are proud to be a part of the greater cryptocurrency sector, where there is such an amazing and inspiring amount of innovation and imagination, and we remain devoted to continually and actively exploring new opportunities within the space.
On behalf of everyone at BIT Mining, I want to thank you for your continued support of our company throughout the years, remind you that your help has been absolutely essential to our success, and assure you that BTCM will endure beyond this current downturn in the cryptocurrency markets. Regardless of any outside forces, we have continually proven our ability to remain adaptable and focused on our goals, reaffirmed our commitment to our growth strategy and advancing the vertical integration of the supply chain, and every calculated risk we have taken has been done with an eye to the ultimate goal of creating long term value for our investors. When the ice melts from this so-called crypto winter, our company will be incredibly well positioned because of the groundwork we're currently setting in place, our diversification within the space beyond the core business of cryptocurrency mining, and our ability to not only persevere, but redefine and strengthen our character with each challenge we overcome. We believe that the brightest days for our company lie ahead. Until then, please stay tuned and we'll stay focused.
Sincerely,
Bo Yu
Chairman, BIT Mining Limited
About BIT Mining Limited
BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company, with a long-term strategy to create value across the cryptocurrency industry. Its business covers cryptocurrency mining, mining pool, data center operation and miner manufacturing. The Company owns the world's top blockchain browser BTC.com and the comprehensive mining pool business operated under BTC.com, providing multi-currency mining services including BTC, ETH and LTC. The Company also owns a 7-nanometer cryptocurrency mining machine manufacturer, Bee Computing, enabling the Company's self-efficiency through vertical integration with its supply chain.
Safe Harbor Statements
This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates", "target", "going forward", "outlook" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.
For more information:
BIT Mining Limited
ir@btcm.group
ir.btcm.group
www.btcm.group
The Piacente Group, Inc.
Brandi Piacente
Tel: +1 (212) 481-2050
Email: BITMining@thepiacentegroup.com
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SOURCE BIT Mining Limited | https://www.kxii.com/prnewswire/2022/08/24/bit-mining-letter-our-investors/ | 2022-08-24T12:33:53Z |
(The Hill) – Members of the House panel investigating the Jan. 6, 2021, attack on the U.S. Capitol laid out their plans for hearings this week, which will focus on testimony from former White House Counsel Pat Cipollone, plotting by far-right extremist groups and discussions about using the military to seize voting machines.
The House panel has confirmed it will hold a hearing on Tuesday morning and is planning to hold a prime time hearing on Thursday, a source told Reuters.
And in a major development on Sunday, Rep. Zoe Lofgren (D-Calif.) confirmed former White House chief strategist Steve Bannon has offered to testify before the committee after former President Trump waived executive privilege.
Among the key issues the committee will present about is unfounded claims from Trump and his allies that federally authorized voting machines turned votes for Trump into votes for Biden.
Rep. Jamie Raskin (D-Md.) told CBS “Face the Nation” guest moderator Robert Costa on Sunday that the American public will learn about a meeting on Dec. 18, 2021, in which Trump, attorney Sidney Powell, former Trump National Security Adviser Michael Flynn and others discussed using the military to seize the machines.
“On that day, the group of outside lawyers who’ve been denominated ‘Team Crazy’ by people in and around the White House, came in to try to urge several new courses of action, including the seizure of voting machines around the country,” Raskin said.
Powell and Trump’s legal team took aim at Dominion and Smartmatic voting machines, accusing them without evidence of switching votes illegally to swing the election for Biden.
Both Smartmatic and Dominion have taken legal action against those who spread falsehoods about their machines on Fox News and other conservative outlets such as Newsmax.
The House panel this week will also present new testimony from Cipollone, who was a key figure on Trump’s legal team on Jan. 6.
Cipollone testified behind closed doors on Friday, following an explosive hearing late last month in which former White House aide Cassidy Hutchinson revealed Trump had knowingly encouraged armed rioters to march on the U.S. Capitol.
Hutchinson also testified Trump lunged for the steering wheel to direct his Secret Service vehicle toward the Capitol so he could join the protesters, though Secret Service agents have reportedly privately disputed that account.
Hutchinson said Cipollone warned that “we’re going to get charged with every crime imaginable” if Trump marched on the Capitol.
Jan. 6 committee member Rep. Adam Kinzinger (R-Ill.) told George Stephanopoulos on ABC’s “This Week” that Cipollone’s testimony did not contradict other witnesses, though its unclear if he substantiated Hutchinson’s testimony.
Rep. Stephanie Murphy (D-Fla.), another member of the committee, said Cipollone pushed back against theories that then-Vice President Mike Pence could declare Trump the president, and opposed pressuring the Department of Justice to investigate allegations of voter fraud.
Trump’s pressure on the DOJ and on Pence to declare the election in his favor were the focus of two hearings held last month. The House panel also heard testimony from state election officials who described an attempt by Trump to pressure them to appoint electors in his favor.
“The overall message that we have been gathering out of all of these witnesses is that the president knew he had lost the election, or that his advisers had told him he had lost the election,” Murphy told NBC’s “Meet the Press” on Sunday.
“And that he was casting about for ways in which he could retain power and remain the president, despite the fact that the democratic will of the American people was to have President Biden be the next elected,” she added.
Tuesday’s hearing will also shine a light on the far-right extremist groups who mobilized at the U.S. Capitol, including the Proud Boys and the Oath Keepers.
The panel revealed in documentary footage last month that Proud Boys leader Enrique Tarrio and Oath Keepers leader Stewart Rhodes — both of whom have been hit with the rarely used charge of seditious conspiracy — met in private before convening on the U.S. Capitol on Jan. 6.
Raskin has said that when he leads the questioning on Tuesday, he will focus in part more on what those groups were plotting.
Kinzinger told ABC’s “This Week” that Tuesday’s hearing will also show what Trump was doing while the rioting was occurring at the Capitol, up to the moment he finally tweeted for the rioters to go home.
“The rest of the country knew that there was an insurrection. The president obviously had to have known there was an insurrection. So where was he? What was he doing?” Kinzinger asked. “It goes to the heart of what is the oath of a leader. You have an oath to defend the Constitution of the United States, you can’t selectively pick what parts of the Constitution you defend or what branches of government, and you certainly can’t be gleeful during it.”
Trump has pushed back against the allegations made against him in the public hearings, sometimes in real time, and few elected GOP officials have offered any public criticism of the former president despite the damning testimony from within their party.
Still, Gov. Larry Hogan (R-Md.), a moderate who has long been critical of Trump, told NBC’s “Meet the Press” moderator Chuck Todd that Trump’s influence on the GOP was diminishing.
“I’ve been talking about this for years now, and I felt like I was on a lifeboat all by myself. But now we need a bigger boat because more and more people are speaking out every day,” Hogan said on Sunday.
“I said Trump’s influence on the party was going to diminish over time. It hasn’t happened rapidly, but it has diminished dramatically.” | https://cw33.com/news/nexstar-media-wire/raskin-kinzinger-detail-plans-for-this-weeks-jan-6-hearings/ | 2022-07-11T12:06:36Z |
COLORADO SPRINGS, Colo. , Sept. 6, 2022 /PRNewswire/ -- Century Casinos, Inc. (Nasdaq Capital Market®: CNTY) ("Century Casinos" or the "Company"), announced that bet365 went live with its internet and mobile sports betting application using one of the Company's master licenses with the State of Colorado.
The online sportsbook operations agreement with bet365 is a 10-year agreement that includes a minimum annual revenue guarantee and a percentage share of net gaming revenue payable to the Company each year, with an advance fee, which was paid at contract signing in May 2020.
bet365 is the world's largest online sports betting company with annual sportsbook revenues of almost $4 billion and over 6,000 employees around the globe. On its world-class proprietary product, bet365 offers the industry's widest range of 'in-play' sports betting events with over 75 sports covered and over 600,000 events being live video-streamed annually to 80 million registered customers from over 160 countries across the world. Cultural and linguistic zones around the globe are serviced using geo-specific content and 21 different languages to enhance the customer experience, which is further improved through the offering of 23 different deposit currencies and 50 payment methods. The bet365 brand is licensed in the UK, Malta, Gibraltar, Buenos Aires City, Buenos Aires Province, Bulgaria, Cyprus, Denmark, Estonia, Germany, Greece, Ireland, Italy, Mexico, Netherlands, the Northern Territory of Australia, Ontario, Spain, Sweden, and operates under a transactional waiver in the state of New Jersey.
bet365 has extensive experience working with local licensing, regulatory and reporting requirements across its global footprint and pays substantial duties and license fees in each of those jurisdictions. bet365 is recognized as an industry leader and is regularly celebrated for its expertise as the winner of prestigious industry awards, including the eGaming Review Operator of the Year and Sports Betting Operator of the Year. Currently, they are ranked #3 on the EGR Power 50.
Century Casinos, Inc. is a casino entertainment company. The Company owns and operates Century Casino & Hotels in Cripple Creek and Central City, Colorado, and in Edmonton, Alberta, Canada; the Century Casino in Cape Girardeau and Caruthersville, Missouri, and in St. Albert, Alberta, Canada; Mountaineer Casino, Racetrack & Resort in New Cumberland, West Virginia; and the Century Mile Racetrack and Casino in Edmonton, Alberta, Canada. Through its Austrian subsidiary, Century Resorts Management GmbH, the Company holds a 66.6% ownership interest in Casinos Poland Ltd., the owner and operator of eight casinos throughout Poland; a 75% ownership interest in Century Downs Racetrack and Casino in Calgary, Alberta, Canada. Through its United States subsidiary, Century Nevada Acquisition, Inc., the Company owns a 50% membership interest in Smooth Bourbon, LLC, which owns the land and building of the Nugget Casino and Resort (the "Nugget") in Sparks, Nevada. The Company has an agreement to purchase 100% membership interests in the Nugget and an agreement to purchase 100% of the equity interest in the Rocky Gap Casino Resort operations. The Company also has an agreement to operate one ship-based casino. The Company continues to pursue other projects in various stages of development.
Century Casinos' common stock trades on The Nasdaq Capital Market® under the symbol CNTY. For more information about Century Casinos, visit our website at www.cnty.com.
This release contains certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as "expect," "anticipate," "believe," "intend," "estimate," "plan," "target," "goal," or similar expressions, or future or conditional verbs such as "will," "may," "might," "should," "would," "could," or similar variations. These statements are based on the beliefs and assumptions of the management of Century Casinos based on information currently available to management. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. While there is no assurance that any list of risks and uncertainties or risk factors is complete, below are certain factors which could cause actual results to differ materially from those contained or implied in the forward-looking statements including: risks related to the sports betting business; the timing for commencement of the sports betting business; the possibility that the anticipated operating results and other benefits of the sports betting business are not realized when expected or at all; local risks including proximate competition, potential competition and legislative and regulatory risks; and other risks described in the section entitled "Risk Factors" under Item 1A in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, and in subsequent periodic and current SEC filings the Company may make. Century Casinos disclaims any obligation to revise or update any forward-looking statement that may be made from time to time by it or on its behalf.
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SOURCE Century Casinos, Inc. | https://www.kxii.com/prnewswire/2022/09/06/century-casinos-partner-bet365-launches-internet-sports-betting-colorado/ | 2022-09-06T16:00:08Z |
HARTFORD, Conn., April 21, 2022 /PRNewswire/ -- Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) previously announced the following monthly distribution on March 7, 2022:
Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid in part, or in full, from net investment income and realized capital gains, or a combination thereof. Shareholders should note, however, that if the Fund's aggregate net investment income and net realized capital gains are less than the amount of the distribution level, the difference will be distributed from the Fund's assets and will constitute a return of the shareholder's capital. You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Managed Distribution Plan.
The Fund provided this estimate of the sources of the distributions:
Information regarding the Fund's performance and distribution rates is set forth below. Please note that all performance figures are based on the Fund's NAV and not the market price of the Fund's shares. Performance figures are not meant to represent individual shareholder performance.
The amounts and sources of distributions reported in this notice are estimates only and are not being provided for tax reporting purposes. The actual amounts and sources of the distributions for tax purposes will depend on the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you what distributions to report for federal income tax purposes.
About the Fund
Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund is a diversified closed-end fund that seeks to generate a stable income stream and growth of capital by focusing on one of the most significant long-term secular growth opportunities in markets today. A multi-asset approach based on fundamental research is employed, dynamically allocating to attractive segments of a company's debt and equity in order to offer an attractive risk/reward profile. Virtus Investment Advisers, Inc. is the investment adviser to the Fund and Allianz Global Investors is its subadviser.
For more information on the Fund, contact shareholder services at (800) 254-5197, by email at closedendfunds@virtus.com, or through the Closed-End Funds section of virtus.com.
Fund Risks
An investment in a fund is subject to risk, including the risk of possible loss of principal. A fund's shares may be worth less upon their sale than what an investor paid for them. Shares of closed-end funds may trade at a premium or discount to their net asset value. For more information about each fund's investment objective and risks, please see the Fund's annual report. A copy of the Fund's most recent annual report may be obtained free of charge by contacting "Shareholder Services" as set forth at the end of this press release.
About Allianz Global Investors
Allianz Global Investors or AllianzGI is a leading active asset manager with over 750 investment professionals in 25 offices worldwide and manages assets for individuals, families, and institutions. The investment team has extensive experience managing closed-end funds and a differentiated, multi-asset approach based on fundamental research designed to dynamically allocate across convertible securities and equities.
About Virtus Investment Partners
Virtus Investment Partners (NASDAQ: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. The company provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process, and individual brand. For more information, visit virtus.com.
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SOURCE Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund | https://www.mysuncoast.com/prnewswire/2022/04/21/virtus-allianzgi-artificial-intelligence-amp-technology-opportunities-fund-discloses-sources-distribution-section-19a-notice/ | 2022-04-21T21:41:54Z |
New logo and branding amplify Veriff's commitment to rebuilding trust in the digital world
NEW YORK, Aug. 10, 2022 /PRNewswire/ -- Veriff, an industry leader in online identity verification, today announced a new brand identity, reflecting the company's next level of growth within the ever-evolving security and identity fraud landscape. Veriff's brand upgrade includes a new and refined logo, color palette, patterns, aligned illustration system and a new improved website that better communicates the company's global impact and presence.
Founded in 2015, Veriff's mission to rebuild trust online began when its CEO and co-founder Kaarel Kotkas experienced firsthand how easy it was to bypass online security checks. Committed to helping businesses of all sizes quickly, and accurately verify their customer's identity and fight fraud online, Veriff has since grown to a 550-person company that serves a global client base.
"The acceleration of digital transformation in businesses has created an urgency for additional measures for safety and trust for those interacting in online spaces," said Kotkas. "As we enter this next evolution of Veriff, we want our brand to reflect the differentiated experience we strive to provide businesses to keep their users safe online. Trust is the currency of the digital age and everyone deserves real safety, protection and transparency online."
Veriff's brand upgrade comes on the heels of several monumental corporate and product announcements. In addition to raising $100M in Series C financing this year, becoming Estonia's ninth-ever unicorn, Veriff rounded out its executive leadership bench with the recent appointment of Caroline Mogford as CMO. In addition, Veriff released a newly enhanced version of its Biometric Authentication solution. With this new tool, businesses can use artificial intelligence (AI)-powered technology to accelerate their user authentication process, utilizing facial biometrics to identify the user and activate their re-authentication preferences quickly. Together with these new updates, Veriff's refreshed brand identity reinforces its continued dedication to rebuilding trust in the digital age.
To learn more about Veriff and its brand enhancement, please visit www.veriff.com.
About Veriff
Veriff is an industry leader in online identity verification, helping businesses to build trust with their customers. Veriff's intelligent decision engine analyzes thousands of technological and behavioral variables in seconds, matching people to more than 10,200 government-issued IDs from over 190 countries. Founded in 2015, Veriff serves a global portfolio of organizations across financial services, crypto, gaming and mobility sectors. Veriff's latest $100 million C-round investment brings its total funding to $200 million and its valuation to $1.5 billion. The investors include Tiger Capital, Alkeon, IVP, Accel, Mosaic Ventures, Y Combinator, and others. With offices in the U.S., UK, Spain and Estonia, Veriff employs over 550 people from 60 different nationalities who are dedicated to helping businesses to build a more secure world. To learn more, visit www.veriff.com.
Logo - https://mma.prnewswire.com/media/1875368/Veriff_Logo.jpg
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SOURCE Veriff | https://www.wibw.com/prnewswire/2022/08/10/veriff-unveils-elevated-brand-identity-reflecting-companys-continued-evolution-amp-growth/ | 2022-08-10T11:48:46Z |
NEW YORK (AP) — The folks who hand out Tony Awards believe five is not enough for Angela Lansbury.
The Tony Awards Administration Committee announced Monday that the legendary actor will receive a 2022 special Tony for lifetime achievement in the theater, making it her sixth.
Lansbury made her Broadway debut in 1957 in “Hotel Paradiso” and won Tonys for “Mame” in 1966, “Dear World” in 1969, “Gypsy” in 1974, “Sweeney Todd” in 1979 and “Blithe Spirit” in 2009. Other Broadway credits include “A Little Night Music,” “Gore Vidal’s The Best Man” and “Anyone Can Whistle.”
“Angela Lansbury’s contributions to the stage are insurmountable,” said Charlotte St. Martin, president of The Broadway League and Heather Hitchens, president and CEO of the American Theatre Wing, said in a statement.
The “Murder, She Wrote” star has six Golden Globes and 18 Emmy nominations as well as an honorary Oscar for Lifetime Achievement in Motion Pictures. Lansbury also has a National Medal of Arts and a Kennedy Center Honor.
Ariana DeBose will host the Tonys on June 12. | https://cw33.com/entertainment-news/ap-entertainment/actor-angela-lansbury-to-receive-a-special-tony-award/ | 2022-05-23T19:19:30Z |
– Acquires Seven Properties for $339 Million within Prime Infill Southern California Submarkets –
– Year-to-Date Investments Total $2.0 Billion –
LOS ANGELES, Sept. 7, 2022 /PRNewswire/ -- Rexford Industrial Realty, Inc. (the "Company" or "Rexford Industrial") (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located throughout infill Southern California, today announced the acquisition of seven industrial properties for an aggregate purchase price of $338.9 million. The purchases were funded using a combination of cash on hand and the Company's line of credit.
"These investments demonstrate Rexford Industrial's unique ability to create value and drive accretive cash flow growth by leveraging our value-add industrial property expertise and proprietary access to well-located, off-market investment opportunities within infill Southern California, the nation's largest and most sought-after industrial market," stated Howard Schwimmer and Michael Frankel, Co-Chief Executive Officers of the Company. "Our deep market penetration enables a highly selective approach to capital allocation, demonstrated by our $2.0 billion of investments year-to-date and pipeline of over $200 million of additional investments under contract or accepted offer, which are projected to generate stabilized return on investment well in-excess of market yields. The Company is favorably positioned with a low-leverage balance sheet to deliver long-term value creation for our shareholders through the execution of our internal and external growth strategies."
In July, August and September, through off-market transactions, the Company acquired:
- 2880 E. Ana Street, Rancho Dominguez, located within the LA – South Bay submarket for $34.6 million or $213 per land square foot. Following the near-term lease expiration, the Company intends to redevelop the 3.7-acre site into an industrial outdoor storage yard. The investment generates an initial 4.1% unlevered cash yield and is projected to grow to an unlevered stabilized cash yield on total investment of 5.2%. According to CBRE, the vacancy rate in the 220 million square foot LA – South Bay submarket was 0.9% at the end of the second quarter 2022.
- 17909 and 17929 S. Susana Road, Rancho Dominguez, located within the LA – South Bay submarket for $26.1 million, or $245 per land square foot. The 57,376 square foot, two building property is situated on 2.5 acres and leased at rents estimated to be 45% below current market rates. Upon expiration of the short-term leaseback, the Company intends to redevelop the site into a best-in-class low coverage logistics facility. The investment generates an initial 2.7% unlevered cash yield and is projected to grow to an unlevered stabilized cash yield on total investment of 5.1%.
- 21022 - 21034 S. Figueroa Street, Carson, located within the LA – South Bay submarket for $24.2 million, or $473 per square foot. The 51,185 square foot, single-tenant Class-A building is located in close proximity to the I-110 and I-405 freeways and the Ports of Los Angeles and Long Beach. The investment is projected to generate a 4.2% unlevered stabilized cash yield on total investment.
- 3901 Via Oro, Long Beach, located within the LA – South Bay submarket for $20.0 million, or $146 per land square foot. At lease expiration, the Company intends to redevelop the fully occupied, industrial-zoned land site with a new 74,000 square foot Class-A industrial building. The site features immediate access to the I-405 and I-710 freeways and is strategically located near the Ports of Los Angeles and Long Beach. The investment generates an initial 4.3% unlevered cash yield and is projected to grow to a 5.0% unlevered stabilized cash yield on total investment.
- 920 E. Pacific Coast Highway, Wilmington, located within the LA – South Bay submarket for $100.0 million, or $271 per land square foot. The 148,186 square foot low coverage, port adjacent logistics facility is situated on 8.5 acres along the overweight container trucking corridor and is leased to a single tenant through a long-term sale leaseback. The investment generates an initial 4.1% unlevered cash yield on total investment, growing over time by 4.0% annual contractual increases.
- 6000-6052 and 6027-6029 Bandini Boulevard, Commerce and Bell, respectively, located within the LA – Central submarket for $91.5 million, or $501 per square foot. The two fully occupied Class-A buildings total 182,782 square feet on 10.1 acres and are leased at rents estimated to be 35% below current market rates. Upon lease expiration, the Company intends to drive accretive cash flow growth through the renewal of existing tenants or the re-lease following a value-add repositioning plan. The investment generates an initial 2.4% unlevered cash yield and is projected to grow to a 4.8% unlevered stabilized cash yield on total investment. According to CBRE, the vacancy rate in the 271 million square foot LA – Central submarket was 0.8% at the end of the second quarter 2022.
- A three-building industrial portfolio in the City of Industry, located within the San Gabriel Valley submarket for $42.5 million, or $374 per square foot. The 113,733 square foot portfolio of fully occupied, Class-A single-tenant buildings, is leased at rents estimated to be 50% below current market rates. The initial 2.4% unlevered cash yield is projected to grow to an unlevered stabilized cash yield on total investment of 5.5%. According to CBRE, the vacancy rate in the 160 million square foot San Gabriel Valley submarket was 0.5% at the end of the second quarter 2022.
About Rexford Industrial
Rexford Industrial creates value by investing in, operating and redeveloping industrial properties throughout infill Southern California, the world's fourth largest industrial market and consistently the highest-demand, lowest supply market in the nation. The Company's highly differentiated strategy enables internal and external growth opportunities through its proprietary value creation and asset management capabilities. Rexford Industrial's high-quality, irreplaceable portfolio comprises 344 properties with approximately 41.6 million rentable square feet occupied by a stable and diverse tenant base. Structured as a real estate investment trust (REIT) listed on the New York Stock Exchange under the ticker "REXR," Rexford Industrial is an S&P MidCap 400 Index member. For more information, please visit www.rexfordindustrial.com.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws, which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "estimates," "predicts," or "potential" or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. While forward-looking statements reflect the Company's good faith beliefs, assumptions and expectations, they are not guarantees of future performance. For a further discussion of these and other factors that could cause the Company's future results to differ materially from any forward-looking statements, see the reports and other filings by the Company with the U.S. Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2021, and the Company's most recent Form 10-Q. The Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes.
Contact:
Investor Relations:
424 256 2153 ext. 401
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SOURCE Rexford Industrial | https://www.mysuncoast.com/prnewswire/2022/09/07/rexford-industrial-announces-339-million-acquisitions/ | 2022-09-07T21:01:43Z |
NEW YORK, June 8, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of CareDx, Inc. ("CareDx" or the "Company") (NASDAQ: CDNA). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether CareDx and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On October 28, 2021, CareDx filed its quarterly report for the third quarter of 2021 on Form 10-Q with the U.S. Securities and Exchange Commission ("SEC"). In the quarterly report, CareDx revealed for the first time that CareDx was the subject of at least three government investigations, reporting that: (1) the Company had "recently received" a civil investigative demand ("CID") from the U.S. Department of Justice ("DOJ") requesting the Company produce documents in connection with a DOJ False Claims Act investigation; (2) the Company received a subpoena from the SEC in relation to an investigation by the SEC "in respect to matters similar to those identified in the CID, as well as certain of our accounting and public reporting practices"; and (3) the Company received an information request from an unnamed state regulatory agency. On this news, CareDx's stock price fell $19.34 per share, or more than 27%, to close at $51.00 per share on October 29, 2021.
Then, on April 15, 2022, CareDx's former Head of Community Nephrology, Dr. Michael Olymbios, filed a complaint in California Superior Court that provided extensive detail about misconduct by the Company and its top officers, including improper bundling of expensive testing services. Following the filing of the complaint, CareDx's stock price fell $2.86 per share, or roughly 8%, to close at $32.55 per share on April 18, 2022.
Finally, on May 5, 2022, CareDx announced the Company's results for the first quarter of 2022. Among other items, CareDx reported testing service revenue that fell well short of analysts' expectations and yet another decline in average sales prices for its testing services in which the Company's average price declined by approximately 4.9% versus the last quarter of 2021, or what one analyst described as "another big deterioration in price." On this news, CareDx's stock price fell $5.97 per share, or 18.5%, to close at $25.87 per share on May 6, 2022.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP | https://www.kxii.com/prnewswire/2022/06/09/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-caredx-inc-cdna/ | 2022-06-09T01:46:53Z |
Dupixent is the first and only biologic that significantly improved skin clearance, and reduced itch and overall disease severity in children as young as 6 months old in a Phase 3 trial
Published results reinforce well-established efficacy and safety profile of Dupixent across age groups
TARRYTOWN, N.Y. and PARIS, Sept. 15, 2022 /PRNewswire/ -- Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) and Sanofi today announced that The Lancet has published positive results from a Phase 3 Dupixent® (dupilumab) trial in children aged 6 months to 5 years with uncontrolled moderate-to-severe atopic dermatitis. These data were the basis for the U.S. Food and Drug Administration (FDA) approval of Dupixent in June 2022 and for a regulatory submission currently under review by the European Medicines Agency.
"The Lancet's publication of these Phase 3 results is a testament to the significance of the data showing dupilumab can alleviate the multidimensional burden that moderate-to-severe atopic dermatitis places on infants, toddlers and their families," said Amy S. Paller, M.D., Walter J. Hamlin Professor and Chair of Dermatology and Professor of Pediatrics at Northwestern University Feinberg School of Medicine, and principal investigator of the trial. "By addressing the key inflammatory pathway driving atopic dermatitis, the trial demonstrated that dupilumab not only addressed debilitating symptoms like persistent itch and skin lesions, but also meaningfully improved sleep and reduced pain – two aspects of daily life that are critical for any child's development and well-being."
Data from this trial showed that adding Dupixent to low-potency topical corticosteroids (TCS) significantly improved skin clearance and reduced overall disease severity and itch compared to TCS alone (placebo) at 16 weeks. Additionally, Dupixent patients experienced significant improvement in measures of sleep quality and skin pain, as well as patient- or caregiver-reported outcomes and health-related quality of life. A substantially lower proportion of Dupixent patients needed rescue medications, compared to those on placebo.
Safety results through 16 weeks were similar to the safety profile in patients 6 years and older with atopic dermatitis. Adverse events that were more commonly observed with Dupixent (≥5%) included conjunctivitis (5% Dupixent, 0% placebo), herpes viral infections (6% Dupixent, 5% placebo), molluscum contagiosum (5% Dupixent, 3% placebo), rhinorrhea (5% Dupixent, 1% placebo) and dental caries (5% Dupixent, 0% placebo).
The safety and efficacy of Dupixent in children 6 months to 5 years of age with uncontrolled atopic dermatitis has not been fully evaluated by any regulatory authority outside the U.S.
About Atopic Dermatitis
Atopic dermatitis is a chronic type 2 inflammatory skin disease. Eighty-five to ninety percent of patients first develop symptoms before 5 years of age, which can often continue through adulthood. Symptoms include intense, persistent itch and skin lesions that cover much of the body, resulting in skin dryness, cracking, pain, redness or darkening, and crusting and oozing. In the U.S., more than 75,000 children aged 5 years and younger have uncontrolled moderate-to-severe disease and are most in need of new treatment options. Moderate-to-severe atopic dermatitis may also significantly impact the quality of life of a young child and their caregivers. Current treatment options in this age group are primarily topical steroids, which can be associated with safety risks and may impair growth when used long-term.
About the Dupixent Trial
The Phase 3 randomized, double-blind, placebo-controlled trial evaluated the efficacy and safety of Dupixent added to standard-of-care low-potency TCS compared to low-potency TCS alone in 162 children aged 6 months to 5 years with uncontrolled moderate-to-severe atopic dermatitis. Patients treated with Dupixent received either 200 mg or 300 mg (based on weight) every four weeks.
The primary endpoints assessed the proportion of patients achieving an Investigator's Global Assessment (IGA) score of 0 (clear) or 1 (almost clear) and at least a 75% improvement in Eczema Area and Severity Index (EASI-75) at week 16.
Secondary endpoints further assessed disease measures and quality of life. Disease measures included additional EASI outcomes, itch reduction, percent of body surface area affected, skin pain, disease severity as measured by the Patient Oriented Eczema Measure, as well as SCORing Atopic Dermatitis measuring a combined assessment of disease area and severity, itch and sleep. Quality of life measures were assessed for children (by Children's Dermatology Life Quality Index for children aged 4 to 17 years and Infants' Dermatitis Quality of Life Index for children less than 4 years of age) and families (by the Dermatitis Family Impact questionnaire), as well as sleep quality.
Children who completed the trial were eligible to enroll in an open-label extension to assess the safety and efficacy of long-term treatment with Dupixent in this age group.
About Dupixent
Dupixent, which was invented using Regeneron's proprietary VelocImmune® technology, is a fully human monoclonal antibody that inhibits the signaling of the interleukin-4 (IL-4) and interleukin-13 (IL-13) pathways and is not an immunosuppressant. The Dupixent development program has shown significant clinical benefit and a decrease in type 2 inflammation in Phase 3 trials, establishing that IL-4 and IL-13 are key and central drivers of the type 2 inflammation that plays a major role in multiple related and often co-morbid diseases. These diseases include approved indications for Dupixent such as asthma, atopic dermatitis, chronic rhinosinusitis with nasal polyposis (CRSwNP) and eosinophilic esophagitis (EoE), as well as investigational diseases such as prurigo nodularis.
Dupixent has received regulatory approvals around the world for use in certain patients with atopic dermatitis, asthma, CRSwNP or EoE in different age populations. Dupixent is currently approved across these indications in the U.S. and for one or more of these indications in more than 60 countries, including in the European Union and Japan. More than 500,000 patients have been treated with Dupixent globally.
About Regeneron's VelocImmune Technology
Regeneron's VelocImmune technology utilizes a proprietary genetically engineered mouse platform endowed with a genetically humanized immune system to produce optimized fully human antibodies. When Regeneron's co-Founder, President and Chief Scientific Officer George D. Yancopoulos was a graduate student with his mentor Frederick W. Alt in 1985, they were the first to envision making such a genetically humanized mouse, and Regeneron has spent decades inventing and developing VelocImmune and related VelociSuite® technologies. Dr. Yancopoulos and his team have used VelocImmune technology to create approximately one in five of all original, FDA-approved or authorized fully human monoclonal antibodies. This includes REGEN-COV® (casirivimab and imdevimab), Dupixent, Libtayo® (cemiplimab-rwlc), Praluent® (alirocumab), Kevzara® (sarilumab), Evkeeza® (evinacumab-dgnb) and Inmazeb™ (atoltivimab, maftivimab and odesivimab-ebgn).
Dupilumab Development Program
Dupilumab is being jointly developed by Regeneron and Sanofi under a global collaboration agreement. To date, dupilumab has been studied across more than 60 clinical trials involving more than 10,000 patients with various chronic diseases driven in part by type 2 inflammation.
In addition to the currently approved indications, Regeneron and Sanofi are studying dupilumab in a broad range of diseases driven by type 2 inflammation or other allergic processes in Phase 3 trials, including prurigo nodularis, pediatric eosinophilic esophagitis, hand and foot atopic dermatitis, chronic inducible urticaria-cold, chronic spontaneous urticaria, chronic pruritis of unknown origin, chronic obstructive pulmonary disease with evidence of type 2 inflammation, chronic rhinosinusitis without nasal polyposis, allergic fungal rhinosinusitis, allergic bronchopulmonary aspergillosis and bullous pemphigoid. These potential uses of dupilumab are currently under clinical investigation, and the safety and efficacy in these conditions have not been fully evaluated by any regulatory authority.
U.S. Indications
DUPIXENT is a prescription medicine used:
- to treat adults and children 6 months of age and older with moderate-to-severe atopic dermatitis (eczema) that is not well controlled with prescription therapies used on the skin (topical), or who cannot use topical therapies. DUPIXENT can be used with or without topical corticosteroids. It is not known if DUPIXENT is safe and effective in children with atopic dermatitis under 6 months of age.
- with other asthma medicines for the maintenance treatment of moderate-to-severe eosinophilic or oral steroid dependent asthma in adults and children 6 years of age and older whose asthma is not controlled with their current asthma medicines. DUPIXENT helps prevent severe asthma attacks (exacerbations) and can improve your breathing. DUPIXENT may also help reduce the amount of oral corticosteroids you need while preventing severe asthma attacks and improving your breathing. DUPIXENT is not used to treat sudden breathing problems. It is not known if DUPIXENT is safe and effective in children with asthma under 6 years of age.
- with other medicines for the maintenance treatment of chronic rhinosinusitis with nasal polyposis (CRSwNP) in adults whose disease is not controlled. It is not known if DUPIXENT is safe and effective in children with chronic rhinosinusitis with nasal polyposis under 18 years of age.
- to treat adults and children 12 years of age and older, who weigh at least 88 pounds (40 kg), with eosinophilic esophagitis (EoE). It is not known if DUPIXENT is safe and effective in children with eosinophilic esophagitis under 12 years of age and who weigh at least 88 pounds (40 kg).
IMPORTANT SAFETY INFORMATION
Do not use if you are allergic to dupilumab or to any of the ingredients in DUPIXENT®.
Before using DUPIXENT, tell your healthcare provider about all your medical conditions, including if you:
- have eye problems.
- have a parasitic (helminth) infection.
- are scheduled to receive any vaccinations. You should not receive a "live vaccine" right before and during treatment with DUPIXENT.
- are pregnant or plan to become pregnant. It is not known whether DUPIXENT will harm your unborn baby.
- are breastfeeding or plan to breastfeed. It is not known whether DUPIXENT passes into your breast milk.
Tell your healthcare provider about all the medicines you take, including prescription and over-the- counter medicines, vitamins and herbal supplements.
Especially tell your healthcare provider if you are taking oral, topical, or inhaled corticosteroid medicines; have asthma and use an asthma medicine; or have atopic dermatitis CRSwNP, or EoE, and also have asthma. Do not change or stop your corticosteroid medicine or other asthma medicine without talking to your healthcare provider. This may cause other symptoms that were controlled by the corticosteroid medicine or other asthma medicine to come back.
DUPIXENT can cause serious side effects, including:
- Allergic reactions. DUPIXENT can cause allergic reactions that can sometimes be severe. Stop using DUPIXENT and tell your healthcare provider or get emergency help right away if you get any of the following signs or symptoms: breathing problems or wheezing, swelling of the face, lips, mouth, tongue or throat, fainting, dizziness, feeling lightheaded, fast pulse, fever, hives, joint pain, general ill feeling, itching, skin rash, swollen lymph nodes, nausea or vomiting, or cramps in your stomach-area.
- Eye problems. Tell your healthcare provider if you have any new or worsening eye problems, including eye pain or changes in vision, such as blurred vision. Your healthcare provider may send you to an ophthalmologist for an exam if needed.
- Inflammation of your blood vessels. Rarely, this can happen in people with asthma who receive DUPIXENT. This may happen in people who also take a steroid medicine by mouth that is being stopped or the dose is being lowered. It is not known whether this is caused by DUPIXENT. Tell your healthcare provider right away if you have: rash, chest pain, worsening shortness of breath, a feeling of pins and needles or numbness of your arms or legs, or persistent fever.
- Joint aches and pain. Some people who use DUPIXENT have had trouble walking or moving due to their joint symptoms, and in some cases needed to be hospitalized. Tell your healthcare provider about any new or worsening joint symptoms. Your healthcare provider may stop DUPIXENT if you develop joint symptoms.
The most common side effects include:
- Atopic dermatitis: injection site reactions, eye and eyelid inflammation, including redness, swelling, and itching, sometimes with blurred vision, cold sores in your mouth or on your lips, and high count of a certain white blood cell (eosinophilia).
- Asthma: injection site reactions, pain in the throat (oropharyngeal pain), high count of a certain white blood cell (eosinophilia), and parasitic (helminth) infections.
- Chronic rhinosinusitis with nasal polyposis: injection site reactions, eye and eyelid inflammation, including redness, swelling, and itching, sometimes with blurred vision, high count of a certain white blood cell (eosinophilia), trouble sleeping (insomnia), toothache, gastritis, and joint pain (arthralgia).
- Eosinophilic esophagitis: injection site reactions, upper respiratory tract infections, cold sores in your mouth or on your lips, and joint pain (arthralgia).
Tell your healthcare provider if you have any side effect that bothers you or that does not go away.
These are not all the possible side effects of DUPIXENT. Call your doctor for medical advice about side effects. You are encouraged to report negative side effects of prescription drugs to the FDA. Visit www.fda.gov/medwatch, or call 1-800-FDA-1088.
Use DUPIXENT exactly as prescribed by your healthcare provider. It's an injection given under the skin (subcutaneous injection). Your healthcare provider will decide if you or your caregiver can inject DUPIXENT. Do not try to prepare and inject DUPIXENT until you or your caregiver have been trained by your healthcare provider. In children 12 years of age and older, it's recommended DUPIXENT be administered by or under supervision of an adult. In children under 12 years of age, DUPIXENT should be given by a caregiver.
Please see accompanying full Prescribing Information including Patient Information.
About Regeneron
Regeneron is a leading biotechnology company that invents, develops and commercializes life-transforming medicines for people with serious diseases. Founded and led for nearly 35 years by physician-scientists, our unique ability to repeatedly and consistently translate science into medicine has led to nine FDA-approved treatments and numerous product candidates in development, almost all of which were homegrown in our laboratories. Our medicines and pipeline are designed to help patients with eye diseases, allergic and inflammatory diseases, cancer, cardiovascular and metabolic diseases, pain, hematologic conditions, infectious diseases and rare diseases.
Regeneron is accelerating and improving the traditional drug development process through our proprietary VelociSuite technologies, such as VelocImmune, which uses unique genetically humanized mice to produce optimized fully human antibodies and bispecific antibodies, and through ambitious research initiatives such as the Regeneron Genetics Center®, which is conducting one of the largest genetics sequencing efforts in the world.
For more information, please visit www.Regeneron.com or follow @Regeneron on Twitter.
About Sanofi
We are an innovative global healthcare company, driven by one purpose: we chase the miracles of science to improve people's lives. Our team, across some 100 countries, is dedicated to transforming the practice of medicine by working to turn the impossible into the possible. We provide potentially life-changing treatment options and life-saving vaccine protection to millions of people globally, while putting sustainability and social responsibility at the center of our ambitions.
Sanofi is listed on EURONEXT: SAN and NASDAQ: SNY.
Regeneron Forward-Looking Statements and Use of Digital Media
This press release includes forward-looking statements that involve risks and uncertainties relating to future events and the future performance of Regeneron Pharmaceuticals, Inc. ("Regeneron" or the "Company"), and actual events or results may differ materially from these forward-looking statements. Words such as "anticipate," "expect," "intend," "plan," "believe," "seek," "estimate," variations of such words, and similar expressions are intended to identify such forward-looking statements, although not all forward-looking statements contain these identifying words. These statements concern, and these risks and uncertainties include, among others, the impact of SARS-CoV-2 (the virus that has caused the COVID-19 pandemic) on Regeneron's business and its employees, collaborators, and suppliers and other third parties on which Regeneron relies, Regeneron's and its collaborators' ability to continue to conduct research and clinical programs, Regeneron's ability to manage its supply chain, net product sales of products marketed or otherwise commercialized by Regeneron and/or its collaborators or licensees (collectively, "Regeneron's Products"), and the global economy; the nature, timing, and possible success and therapeutic applications of Regeneron's Products and product candidates being developed by Regeneron and/or its collaborators or licensees (collectively, "Regeneron's Product Candidates") and research and clinical programs now underway or planned, including without limitation Dupixent® (dupilumab) for the treatment of children aged 6 months to 5 years with moderate-to-severe atopic dermatitis; uncertainty of the utilization, market acceptance, and commercial success of Regeneron's Products (such as Dupixent) and Regeneron's Product Candidates and the impact of studies (whether conducted by Regeneron or others and whether mandated or voluntary), including the studies discussed or referenced in this press release, on any of the foregoing or any potential regulatory approval of Regeneron's Products (such as Dupixent) and Regeneron's Product Candidates; the likelihood, timing, and scope of possible regulatory approval and commercial launch of Regeneron's Product Candidates and new indications for Regeneron's Products, such as Dupixent for the treatment of chronic obstructive pulmonary disease with evidence of type 2 inflammation, hand and foot atopic dermatitis, pediatric eosinophilic esophagitis, bullous pemphigoid, prurigo nodularis, chronic spontaneous urticaria, chronic pruritis of unknown origin, chronic inducible urticaria-cold, chronic rhinosinusitis without nasal polyposis, allergic fungal rhinosinusitis, allergic bronchopulmonary aspergillosis, and other potential indications; the ability of Regeneron's collaborators, suppliers, or other third parties (as applicable) to perform manufacturing, filling, finishing, packaging, labeling, distribution, and other steps related to Regeneron's Products and Regeneron's Product Candidates; the ability of Regeneron to manage supply chains for multiple products and product candidates; safety issues resulting from the administration of Regeneron's Products (such as Dupixent) and Regeneron's Product Candidates in patients, including serious complications or side effects in connection with the use of Regeneron's Products and Regeneron's Product Candidates in clinical trials; determinations by regulatory and administrative governmental authorities which may delay or restrict Regeneron's ability to continue to develop or commercialize Regeneron's Products and Regeneron's Product Candidates, including without limitation Dupixent; ongoing regulatory obligations and oversight impacting Regeneron's Products, research and clinical programs, and business, including those relating to patient privacy; the availability and extent of reimbursement of Regeneron's Products from third-party payers, including private payer healthcare and insurance programs, health maintenance organizations, pharmacy benefit management companies, and government programs such as Medicare and Medicaid; coverage and reimbursement determinations by such payers and new policies and procedures adopted by such payers; competing drugs and product candidates that may be superior to, or more cost effective than, Regeneron's Products and Regeneron's Product Candidates; the extent to which the results from the research and development programs conducted by Regeneron and/or its collaborators may be replicated in other studies and/or lead to advancement of product candidates to clinical trials, therapeutic applications, or regulatory approval; unanticipated expenses; the costs of developing, producing, and selling products; the ability of Regeneron to meet any of its financial projections or guidance and changes to the assumptions underlying those projections or guidance; the potential for any license or collaboration agreement, including Regeneron's agreements with Sanofi, Bayer, and Teva Pharmaceutical Industries Ltd. (or their respective affiliated companies, as applicable), to be cancelled or terminated; and risks associated with intellectual property of other parties and pending or future litigation relating thereto (including without limitation the patent litigation and other related proceedings relating to EYLEA® (aflibercept) Injection, Dupixent, Praluent® (alirocumab), and REGEN-COV® (casirivimab and imdevimab)), other litigation and other proceedings and government investigations relating to the Company and/or its operations, the ultimate outcome of any such proceedings and investigations, and the impact any of the foregoing may have on Regeneron's business, prospects, operating results, and financial condition. A more complete description of these and other material risks can be found in Regeneron's filings with the U.S. Securities and Exchange Commission, including its Form 10-K for the fiscal year ended December 31, 2021 and its Form 10-Q for the quarterly period ended June 30, 2022. Any forward-looking statements are made based on management's current beliefs and judgment, and the reader is cautioned not to rely on any forward-looking statements made by Regeneron. Regeneron does not undertake any obligation to update (publicly or otherwise) any forward-looking statement, including without limitation any financial projection or guidance, whether as a result of new information, future events, or otherwise.
Regeneron uses its media and investor relations website and social media outlets to publish important information about the Company, including information that may be deemed material to investors. Financial and other information about Regeneron is routinely posted and is accessible on Regeneron's media and investor relations website (http://newsroom.regeneron.com) and its Twitter feed (http://twitter.com/regeneron).
Sanofi Disclaimers or Forward-Looking Statements
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements are statements that are not historical facts. These statements include projections and estimates regarding the marketing and other potential of the product, or regarding potential future revenues from the product. Forward-looking statements are generally identified by the words "expects", "anticipates", "believes", "intends", "estimates", "plans" and similar expressions. Although Sanofi's management believes that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Sanofi, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include among other things, unexpected regulatory actions or delays, or government regulation generally, that could affect the availability or commercial potential of the product, the fact that product may not be commercially successful, the uncertainties inherent in research and development, including future clinical data and analysis of existing clinical data relating to the product, including post marketing, unexpected safety, quality or manufacturing issues, competition in general, risks associated with intellectual property and any related future litigation and the ultimate outcome of such litigation, and volatile economic and market conditions, and the impact that COVID-19 will have on us, our customers, suppliers, vendors, and other business partners, and the financial condition of any one of them, as well as on our employees and on the global economy as a whole. Any material effect of COVID-19 on any of the foregoing could also adversely impact us. This situation is changing rapidly and additional impacts may arise of which we are not currently aware and may exacerbate other previously identified risks. The risks and uncertainties also include the uncertainties discussed or identified in the public filings with the SEC and the AMF made by Sanofi, including those listed under "Risk Factors" and "Cautionary Statement Regarding Forward-Looking Statements" in Sanofi's annual report on Form 20-F for the year ended December 31, 2021. Other than as required by applicable law, Sanofi does not undertake any obligation to update or revise any forward-looking information or statements.
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SOURCE Regeneron Pharmaceuticals, Inc. | https://www.kxii.com/prnewswire/2022/09/15/positive-dupixent-dupilumab-phase-3-data-children-aged-6-months-5-years-with-moderate-to-severe-atopic-dermatitis-published-lancet/ | 2022-09-16T00:02:51Z |
UCLA to pay record of nearly $700M in doctor abuse lawsuits
LOS ANGELES (AP) — The University of California system announced Tuesday it will pay nearly $375 million to more than 300 women who said they were sexually abused by a UCLA gynecologist, bringing a record amount in total payouts by a public university in a wave of sexual misconduct scandals by campus doctors.
The settlement followed previous deals with hundreds of other patients who said Dr. James Heaps groped them, made suggestive comments or conducted unnecessarily invasive exams during his 35-year career.
“Dr. Heaps sexually abused patients for years while UCLA Health put profits over their safety,” attorney Jennifer McGrath said in a statement. “Today’s settlement is the result of the bravery of these victims, and sends a message that healthcare institutions must protect vulnerable patients and act decisively at complaints of abuse.”
The university has agreed to pay nearly $700 million to Heap’s patients, dwarfing a $500 million settlement by Michigan State University in 2018 that was considered the largest by a public university. The University of Southern California, a private institution, has agreed to pay more than $1 billion to settle thousands of cases against the school’s longtime gynecologist.
Heaps, 65, who retired as the scandal unfolded, has pleaded not guilty to 21 felony counts for allegedly sexually assaulting seven women.
Women who brought the lawsuits said UCLA ignored their complaints and deliberately concealed abuse that happened for decades during examinations at the UCLA student health center, the Ronald Reagan UCLA Medical Center or in Heaps’ campus office.
UCLA acknowledged it received a sex abuse complaint against Heaps from a patient in December 2017 and it launched an investigation the following month that concluded she was sexually assaulted and harassed, attorneys said.
Heaps, however, continued to practice until his retirement in June 2018. The university did not release its finding in the investigation until November 2019 — months after Heaps was arrested.
The university previously reached settlements with other patients of Heaps for $316 million. The most recent settlement with 312 women resolves the vast majority of claims against Heaps, the university said.
“The conduct alleged to have been committed by Heaps is reprehensible and contrary to our values,” UCLA said in a statement. “We are grateful to all those who came forward, and hope this settlement is one step toward providing some level of healing for the plaintiffs involved.”
The university said it would pay for the settlements through a combination of insurance, risk financing and capital bond proceeds.
Sex abuse by doctors on college campuses has led to massive settlements at Ohio State University, Johns Hopkins University and Columbia University.
Michigan State paid $500 million to 300 women and girls who said they were assaulted by Larry Nassar, who was a campus sports doctor and a doctor for USA Gymnastics. Nassar, who also sexually abused Olympic gold medal gymnasts, is serving prison sentences likely to keep him behind bars for the rest of his life.
The University of Michigan reached a $490 million settlement with more than 1,000 people who said they were sexually assaulted by the late Dr. Robert Anderson, during his nearly four-decade career as a sports doctor at the school.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/05/24/ucla-pay-record-nearly-700m-doctor-abuse-lawsuits/ | 2022-05-24T22:27:00Z |
Inspire Investing, the world's largest provider of biblically responsible ETFs, has just launched the Inspire Fidelis Multi-Factor ETF trading under the ticker FDLS.
BOISE, Idaho, Aug. 24, 2022 /PRNewswire/ -- Inspire Investing, a leading biblically responsible investing firm, has just launched the Inspire Fidelis Multi-Factor ETF, trading under the ticker FDLS. This is Inspire's 9th fund launch, building on the success of their previous biblical ETFs and continuing their aggressive effort to advance the biblically responsible investing (BRI) movement.
With an expense ratio of 0.85%, FDLS is a faith-based ETF comprised of 100 high-quality, biblically aligned companies seeking growth and momentum purchased at a reasonable price. FDLS utilizes the Inspire Impact Score methodology to seek out some of the most inspiring, biblically aligned companies in the world, applying a faith-based perspective in seeking out businesses that are a blessing to their customers, communities, workforce, and the world.
FDLS seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the Fidelis Multi-Cap Multi-Factor Index. For more information on the Inspire Fidelis Multi-Factor ETF, visit https://www.inspireetf.com/fdls.
Here is what Inspire CEO, Robert Netzly, had to say about the launch, "By the grace of God, even in this tumultuous market, we have continued to see an increase in demand for faith-based investments. Today, we are excited to expand our product menu again and bring the Fidelis strategy from Wallick Investments to the masses through an ETF. This launch provides a new option for investors and advisors looking to incorporate factor investing into their biblically aligned portfolios."
The Fidelis Multi-Cap Multi-Factor Index methodology utilizes a factor-based scoring methodology that ranks companies based on quality, value, and momentum characteristics. The securities in the index range from large (minimum 40% allocation) to small-or mid-cap companies with at least $250 million market cap (maximum 60% allocation). Sector and industry rules are in place to ensure continued diversification.
The index scoring methodology includes 16 criteria for Quality (including biblical values, profitability, financial health, and growth), 7 criteria for Momentum (including relative price strength and EPS revisions), and 8 criteria for Value (including price-to-value ratios, dividends, and volatility). The total criterion for Quality, Value, and Momentum factors are essentially evenly weighted (34%, 33%, and 33%, respectively).
The index is managed by Wallick Investments, LLC, a firm founded in 2005 that focuses on strategic moral investing. Wallick Investments is a nationally ranked registered investment advisory firm specializing in separately managed accounts (SMA's). Wallick designs and manages separate account portfolios using thoroughly researched proprietary processes that are repeatable, systematic, unemotional, and have stood the test of time.
Inspire is a leading provider of biblically responsible investments managing over $2 billion in assets under management (as of 8/16/2022), and creator of the globally recognized Inspire Impact Score™ which is used by investors around the world to measure the biblical alignment of their investments according to Biblically Responsible Investing (BRI) principles.
Inspire ranked in the "Top 50 fastest growing RIA firms" by FA Magazine for the past three years in a row and was recognized in The Financial Times "Americas' Fastest Growing Companies" 2021 and 2022 report, as well as the Inc. 5000 list of fastest-growing private companies in America three years running. Inspire also donates 50% or more of its net corporate profits to support impactful ministry projects around the globe through its Give50 Program. To learn more, visit www.inspireinvesting.com.
Important Risk Information:
There is no guarantee that the Funds will achieve their objective, generate positive returns, or avoid losses. Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus which contains this and other information, visit www.inspireetf.com. Read it carefully.
The Inspire ETFs are distributed by Foreside Financial Services LLC., Member FINRA. Inspire and Foreside Financial Services LLC are not affiliated. Investment advisory services offered through Inspire Investing, LLC, a Registered Investment Advisor with the SEC.
The Fund is not actively managed and the Adviser will not sell shares of an equity security due to current or projected underperformance of a security, industry or sector, unless that security is removed from the Index or the selling of shares of that security is otherwise required upon a rebalancing of the Index as addressed in the Index methodology.
The Fund invests its assets in securities with an Inspire Impact Score® of zero or higher which are screened for security's alignment with biblical values and the positive impact the issuing company has on its customers, communities, workforce and the world. As a result of its strategy, the Fund's exclusion of securities of certain issuers for nonfinancial reasons may cause the Fund to forgo some market opportunities available to funds that do not use these criteria. The value of investments in larger companies may not rise as much as smaller companies, or larger companies may be unable to respond quickly to competitive challenges, such as changes in technology and consumer tastes.
The value of investments in larger companies may not rise as much as smaller companies, or larger companies may be unable to respond quickly to competitive challenges, such as changes in technology and consumer tastes. The Fund is a new ETF with a limited history of operations for investors to evaluate.
Inspire Investing, LLC and Wallick Investments, LLC are not affiliated.
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SOURCE Inspire Investing | https://www.kxii.com/prnewswire/2022/08/24/inspire-launches-new-multi-factor-biblical-etf/ | 2022-08-24T12:37:12Z |
CLEVELAND (AP) — Tom Hanks will help launch a new era of Cleveland baseball.
The Oscar-winning actor will throw out the ceremonial first pitch before the Guardians’ home opener against the San Francisco Giants on April 15. It will be Cleveland’s first home game since dropping Indians, the team’s name since 1915.
Hanks, who famously said “There is no crying in baseball” while portraying the manager of an all-female team in “A League of Their Own,” has backed Cleveland’s major league team since the late 1970s, when he was an intern in the Great Lakes Shakespeare Festival before going to Hollywood.
“I’ve had Guardians fever since 1977 when I caught my first game in Section 19 of Cleveland’s Lakefront Municipal Stadium,” Hanks said. “I’m honored to return to Cleveland and Progressive Field for the first home game of the Cleveland Guardians era.”
When the team made its name change in July, Hanks was the narrator for a video to announce the switch to Guardians.
Hanks won consecutive Academy Awards for best actor for roles in “Philadelphia” and “Forrest Gump.”
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More AP MLB coverage: https://apnews.com/hub/MLB and https://twitter.com/AP_Sports | https://cw33.com/entertainment-news/ap-entertainment/a-name-of-their-own-hanks-to-toss-1st-pitch-for-guardians/ | 2022-04-01T19:16:08Z |
WASHINGTON (AP) — It was quite a week for Russia’s professional tennis players — four tournaments, three titles.
One of them, Liudmila Samsonova, thinks it might not be merely a coincidence that this recent run of success for her, Daria Kasatkina and Daniil Medvedev comes shortly after they were banned from competing at Wimbledon because of their country’s invasion of, and ongoing war in, Ukraine.
“We are are all very angry about the situation,” Samsonova said after beating Estonia’s Kaia Kanepi 4-6, 6-3, 6-3 in the final of the Citi Open on Sunday for her second career WTA title. “I mean, it was a really tough month.”
Samsonova earned her trophy in Washington a day after Medvedev, who leads the men’s rankings, defeated Britain’s Cam Norrie for the championship at Los Cabos, Mexico, and several hours before Kasatkina won the title at San Jose, California, with a victory over American Shelby Rogers. All three events are hard-court tuneups ahead of the year’s last Grand Slam tournament, the U.S. Open, which begins in New York on Aug. 29; Medvedev is the defending champion there. (The week’s fourth title, the men’s event at the Citi Open, was won by Australia’s Nick Kyrgios; a Russian, Andrey Rublev, reached the semifinals).
At the previous Grand Slam event, Wimbledon, which ran from late June into July, all athletes from Russia and Belarus were blocked by the All England Club from participating because of the attack on Ukraine. That prompted the WTA and ATP professional tours to withhold rankings points from the tournament, meaning whatever was earned there in 2021 fell off a player’s record and could not be replaced with how they fared there this year.
“It’s been a great week for us. I wouldn’t say that Wimbledon (gave) a lot of motivation to us, because we want to win these tournaments and matches in any case. I think it just happened that, in this particular week, three Russian players won titles. It’s not happening very often, let’s say,” said Kasatkina, who has called for an end to the fighting in Ukraine. “I think it’s just a coincidence. It shows that we’re on a good level.”
When Samsonova arrived in Washington a week ago, her ranking had dropped from a career-best of 25th in May to 60th. And she had not played a match on tour since June.
She used that time to go to her training base in Italy and work on her game — and herself.
She started collaborating with a mental coach (“I can’t thank her enough,” Samsonova said Sunday). She sought to improve her topspin forehand, her serve and her return, all of which paid off during a victory over reigning U.S. Open champion Emma Raducanu in the quarterfinals and against Kanepi in the final.
Asked Sunday about Wimbledon and the results she and other Russians produced this week, Samsonova said: “We (had) a lot of time to work, so I think we (used) it very well.”
Up until a couple of weeks ago, she was not sure whether she would be able to play in Washington at all. That’s because her visa was due to expire in July and she was told there might not be enough time to complete the application process for a renewal.
That might have meant missing not just the Citi Open, but also other tournaments in the country, including perhaps the U.S. Open. (Unlike the All England Club, the U.S. Tennis Association announced it would permit athletes from Russia and Belarus to enter the draws).
Fortunately, Samsonova said, it did work out, otherwise she might have gone back to Europe to play in some lower-level events.
“I really don’t know” what would have happened, she acknowledged.
The paperwork came through, Samsonova made it to Washington, and on Sunday night, she was pondering something Medvedev and Kasatkina might have been, too: What’s the proper way to celebrate?
“For sure,” the 23-year-old Samsonova said, “some drinks.”
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AP Sports Writer Janie McCauley in San Jose, California, contributed.
___
More AP tennis: https://apnews.com/hub/tennis and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/russian-tennis-players-collect-3-titles-at-us-open-tuneups/ | 2022-08-08T10:28:33Z |
NEW YORK, July 22, 2022 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Spero Therapeutics, Inc. (NASDAQ: SPRO).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/spero-therapeutics-inc-loss-submission-form/?id=30073&from=4
The lawsuit seeks to recover losses for shareholders who purchased Spero between May 6, 2021 and May 2, 2022.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until July 25, 2022 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to a filed complaint, Spero Therapeutics, Inc. issued materially false and/or misleading statements and/or failed to disclose that: (i) the data submitted in support of the New Drug Application ("NDA") for the Company's product candidate, Tebipenem HBr, were insufficient to obtain approval from the U.S. Food and Drug Administration ("FDA"); (ii) accordingly, it was unlikely that the FDA would approve the Tebipenem HBr NDA in its current form; (iii) the foregoing would necessitate a significant workforce reduction and restructuring of Spero's operations; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
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SOURCE Jakubowitz Law | https://www.kxii.com/prnewswire/2022/07/22/spro-shareholder-alert-jakubowitz-law-reminds-spero-shareholders-lead-plaintiff-deadline-july-25-2022/ | 2022-07-22T10:10:26Z |
LONDON (AP) — More than 700 Amazon warehouse workers in England staged a protest Thursday in a dispute over pay, in the latest sign of workplace friction stoked by Britain’s cost of living crisis and a growing discontent among employees over wage and working conditions.
The GMB union said employees at the facility in Tilbury, Essex, east of London, stopped work after the ecommerce giant offered to raise salaries by 35 pence (42 cents) an hour.
The union said workers want a raise of 2 pounds to better match the demands of their job and cope with soaring inflation. Amazon doesn’t recognize the union, which likely has one of the highest number of members at the Tilbury location out of its 28 U.K. facilities.
“Amazon is one of the most profitable companies on the planet,” said Steve Garelick, the GMB union’s regional organizer for logistics and gig economy. “With household costs spiraling, the least they can do is offer decent pay.”
Garelick shared videos on Twitter of workers sitting down at tables, which he said showed a “withdrawal of labour” at the Tilbury warehouse.
He said Amazon’s “repeated use of short-term contracts is designed to undermine workers’ rights.”
Amazon said U.K. warehouse employee salaries will rise to between 10.50 and 11.45 pounds an hour, which it called “competitive pay.” But its dependent on location.
As well, the company said employees get a comprehensive benefits package that includes private medical insurance, life insurance, subsidized meals, and employee discounts that are “worth thousands annually,” as well as a company pension plan.
Similar protests have been staged in the U.S., including in March, when more than 60 workers in New York and Maryland walked out on the job to call for a $3 raise and a return to 20-minute breaks the company put in place during the pandemic.
Amazon boosted its average hourly wage to $18 an hour last year.
The Amazon Labor Union, a nascent group composed of former and current Amazon workers, won its union election on Staten Island, New York partly on a platform of raising wages to $30 an hour. But getting anywhere close to that is bound to be a tough fight. Amazon has been seeking to scrap the union’s April victory and is petitioning the National Labor Relations Board for a new election. | https://cw33.com/news/ap-top-headlines/amazon-workers-at-uk-warehouse-stop-work-to-protest-pay/ | 2022-08-05T13:13:02Z |
VANCOUVER, BC, Aug. 8, 2022 /PRNewswire/ - YourWay Cannabis Brands Inc. (CSE: YOUR) (OTC: YOURF) (FSE: HOB) ("YourWay" or the "Company") held it annual general and special meeting (the "Meeting") of shareholders of the Company (the "Shareholders") today. The Meeting was terminated prior to any business being conducted as the Company's audited annual financial statements for the year ended December 31, 2021 and the related management's discussion and analysis (the "Annual Filings") as well as the Company's unaudited interim financial statements for the three months ended March 31, 2022 and the related management's discussion and analysis (the "Interim Filings") have not yet been finalized.
Once the Annual Filings and Interim Filings are completed, the Company will call another meeting of Shareholders and will apply to have the British Columbia Securities Commission and the Ontario Securities Commission (on behalf of the applicable Canadian securities regulatory authorities) revoke the general "failure to file" cease trade order (the "CTO") dated May 9, 2022 pursuant to National Policy 11-207 – Failure to File Cease Trade Orders and Revocations in Multiple Jurisdictions. YourWay anticipates that trading of the common shares on the Canadian Securities Exchange (the "CSE") will recommence shortly after revocation of the CTO. Further details will be provided to Shareholders in the coming weeks.
YourWay is a publicly traded, multi-state and consumer-centric House of Brands committed to redefining the way consumers and cannabis brands interact, with sales and operations in Arizona and California. Through building their own brands, partnering with others, and supporting retail partners control brand strategy, they are dedicated to expanding their reach; remolding the cannabis industry and ultimately, redefining the way consumers and cannabis brands interact.
YourWay aims to connect with the cannabis consumer on a deeper level, utilizing decades of brand-building expertise and an integral understanding of the customer experience to create an intuitive suite of branded products that closely aligns with consumer need states. The YourWay portfolio is an all-encompassing house of brands designed to create a sense of belonging for every cannabis consumer regardless of their relationship with the plant. Please visit www.yourwaycannabis.com or follow on Twitter at @yourwaycannabis for the latest news and information about YourWay and its brands.
Website: www.yourwaycannabis.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release includes certain "forward-looking information" as defined under applicable Canadian securities legislation, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to the Meeting. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes information regarding: the filing of the Annual Filings; the filing of the Interim Filings; the revocation of the CTO; the reinstatement of trading of the common shares on the CSE; and expectations for other economic, business, and/or competitive factors. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information.
Investors are cautioned that forward-looking information is not based on historical fact but instead reflects management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance, or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the timing for filing the Annual Filings and the Interim Filings; regulatory and licensing risks; changes in consumer demand and preferences; changes in general economic, business and political conditions, including changes in the financial markets; the global regulatory landscape and enforcement related to cannabis, including political risks and risks relating to regulatory change; compliance with extensive government regulation; public opinion and perception of the cannabis industry; the impact of COVID-19; and the risk factors set out in the Company's annual information form dated August 28, 2020, filed with Canadian securities regulators and available on the Company's profile on SEDAR at www.sedar.com.
The Company, through several of its subsidiaries, is indirectly involved in the manufacture, possession, use, sale, and distribution of cannabis in the recreational and medicinal cannabis marketplace in the United States. Local state laws where the Company operates permit such activities however, investors should note that there are significant legal restrictions and regulations that govern the cannabis industry in the United States. Cannabis remains a Schedule I drug under the US Controlled Substances Act, making it illegal under federal law in the United States to, among other things, cultivate, distribute or possess cannabis in the United States. Financial transactions involving proceeds generated by, or intended to promote, cannabis-related business activities in the United States may form the basis for prosecution under applicable United States federal money laundering legislation.
While the approach to enforcement of such laws by the federal government in the United States has trended toward nonenforcement against individuals and businesses that comply with recreational and medicinal cannabis programs in states where such programs are legal, strict compliance with state laws with respect to cannabis will neither absolve the Company of liability under United States federal law, nor will it provide a defense to any federal proceeding which may be brought against the Company. The enforcement of federal laws in the United States is a significant risk to the business of the Company and any proceedings brought against the Company thereunder may adversely affect the Company's operations and financial performance.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected. Although the Company has attempted to identify important risks, uncertainties and factors that could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information, which speak only as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
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SOURCE YourWay Cannabis Brands | https://www.kxii.com/prnewswire/2022/08/08/yourway-cannabis-brands-provides-corporate-update/ | 2022-08-08T21:50:17Z |
SEOUL, South Korea (AP) — North Korea test-fired suspected artillery pieces into the sea on Sunday, South Korea’s military said, days after North Korean leader Kim Jong Un called for greater defense capability to cope with outside threats.
South Korea’s Joint Chiefs of Staff said in a statement that it detected several flight trajectories believed to be North Korean artillery on Sunday morning. It said South Korea maintains a firm military readiness in close coordination with the United States amid boosted surveillance on North Korea.
During a national security council meeting convened to discuss the suspected launches, South Korean officials expressed concern that North Korea is upgrading weapons systems that pose a direct threat to South Korea and reaffirmed they would sternly deal with such North Korean efforts, according to South Korea’s presidential office.
The North’s artillery tests draw less outside attention than its missile launches. But its forward-deployed long-range artillery guns are a serious security threat to South Korea’s populous metropolitan region, which is only 40-50 kilometers (25-30 miles) from the border with North Korea.
The suspected artillery launches were the latest in a spate of weapons tests by North Korea this year in what foreign experts call an attempt to pressure its rivals Washington and Seoul to relax international sanctions against Pyongyang and make other concessions.
South Korean and U.S. officials recently said North Korea had almost completed preparations for its first nuclear test in about five years. In March, North Korea test-launched an intercontinental ballistic missile capable of reaching the mainland U.S. in breach of a 2018 moratorium on big missile tests.
In a speech at a ruling party meeting last week, Kim underscored the need to strengthen his country’s military capability, saying the current security environment is “very serious.”
Kim’s speech carried by state media didn’t mention the United States or South Korea. But he still set forth “militant tasks” to be pursued by his armed forces and scientists, a suggestion that he would press ahead with his high-profile arms buildup plans.
A possible new nuclear test by North Korea would be the seventh of its kind. Some experts say North Korea will likely use the test to build warheads to be mounted on tactical nuclear weapons aimed at hitting targets in South Korea. | https://cw33.com/news/international/ap-international/seoul-north-korea-fires-suspected-artillery-pieces-into-sea/ | 2022-06-12T17:43:34Z |
Webster Bank is the exclusive bank partner for this first-of-its-kind savings program.
HOUSTON, May 31, 2022 /PRNewswire/ -- Save®, a fintech company that helps people earn higher yields on their spending and savings, announced that they have signed an agreement with Webster Bank, N.A., a leading bank in the Northeast that provides a wide range of digital and traditional financial solutions to consumers and commercial clients. Webster Bank will make savings accounts available to Save customers who participate in this product offering on Save's innovative Savetech platform.1
Save, an SEC-registered investment adviser, expects the return potential of its Market Savings program to be higher than traditional high-yield interest savings accounts. Customers can expect average annual return potential between 1.50% to 7.70% depending on the program term, without risk to customer deposits.2 The Market Savings program seeks to provide returns to customers through an investment by Save into a diversified portfolio of ETFs representing stocks, bonds, real estate, and commodities based on the customer's investment profile. The yield is not guaranteed but will vary according to market performance. Customers' deposits will be held in savings accounts at Webster Bank that are FDIC insured up to the standard maximum deposit insurance amount, which is currently $250,000 per depositor, per FDIC-insured bank, per ownership category. Save expects to add a range of investment portfolios including sustainable investments and alternative asset portfolios.
"We're excited to work with Webster Bank to build an entirely new approach to savings," said Michael Nelskyla, Founder and CEO of Save. "By adding the Market Savings program to our platform, we're able to better support our customers' financial and savings goals at a time when low rates, high inflation, and market volatility are top of mind."
Save currently has over 25,000 customers signed up for its services and expects the U.S. Market Savings program and its Savetech platform to help attract several billion dollars in savings over the next three years.
"We look forward to working with Save on this innovative savings product. Save is focused on innovative, digital offerings and has an approach that differentiates Save in the consumer space," said Matthew Smith, Executive Managing Director at Webster Bank.
"Save is on a mission to change the way people build wealth," said Adam Watts, President and COO of Save. "Our Savetech platform can fundamentally change how people save."
About Webster
Webster Bank ("Webster") is a leading commercial bank in the Northeast that provides a wide range of digital and traditional financial solutions across three differentiated lines of business: Commercial Banking, Consumer Banking, and its HSA Bank division, one of the country's largest providers of employee benefits solutions. Headquartered in Stamford, CT, Webster is a values-driven organization with $65 billion in assets. Its core footprint spans the northeastern U.S. from New York to Massachusetts, with certain businesses operating in extended geographies. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com.
About Save®
Save® Advisers, LLC ("Save®") is an SEC-registered investment advisor and banking solutions provider that is bringing sophisticated investments to consumers looking for higher returns on their savings without risks of the stock market. Save was created by a team of financial industry veterans and technologists with experience at such well-respected financial firms and organizations as Goldman Sachs, UBS, and NASA. Learn more at www.joinsave.com. Follow and connect with Save on LinkedIn, Facebook, Instagram, and Twitter.
1 To obtain FDIC insurance coverage, customer funds provided will be deposited into non-interest bearing accounts at Webster Bank. FDIC insurance coverage for funds deposited at Webster Bank is limited to not more than $250,000 per depositor, per FDIC-insured bank, per ownership category. Actual deposit insurance coverage may be lower if you have other funds deposited at Webster Bank, N.A.. Customers are responsible for determining the amount deposited in each account at Webster Bank, N.A., and for monitoring the total amount of their deposits at Webster Bank, N.A., to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. Learn more at: https://www.fdic.gov/deposit/deposits. Only the funds customers' provide and deposit with Webster Bank, N.A. will be eligible for FDIC insurance. When customers deposit funds into accounts at Webster Bank, N.A., Save will purchase for its customers investment contracts that will be held separately in, and generate market returns from, an Apex Clearing Corporation account. Webster Bank is not providing any investment advice or responsible for the purchase or performance of any investment contracts. The funds held in the Apex Clearing Corporation accounts are not FDIC-insured, are not bank guaranteed, and may lose value with a minimum return of zero. Maximum balance and transfer limits apply. Neither Save Advisers, LLC, nor its affiliates, are a bank. Apex Clearing Corporation is a member of the Securities Investor Protection Corporation ("SIPC"), formed by Congress to protect "customers" of broker-dealers and to promote public confidence in the U.S. securities markets. Customers of a SIPC Member that fails financially are afforded certain benefits under the Securities Investor Protection Act ("SIPA"). These benefits are relevant only if the broker-dealer that "carries" a customer's account fails and is liquidated under SIPA. At Apex Clearing Corporation, your investments are protected by SIPC up to a maximum of $500,000 total, including $250,000 in cash balances. Coverage limitations apply. To learn more about SIPC coverage, visit the SIPC website at www.sipc.org.
2 Average annual returns are based on hypothetical back-tested performance by Save of the Save Moderate Portfolio from 2006 to present. Hypothetical back-tested performance is no guarantee of future performance and actual results will vary. Returns are subject to change daily. Minimum return will always be at least 0%. All return figures shown are for informational purposes only and are not actual customer returns. Returns are not derived from the Webster Bank savings account. More information relating to Save's hypothetical back-tested performance can be found here: https://joinsave.com/hb-moderate
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SOURCE Save | https://www.wibw.com/prnewswire/2022/05/31/save-announces-innovative-partnership-with-webster-bank-launch-saves-market-savings-program/ | 2022-05-31T21:35:55Z |
CLEVELAND, July 26, 2022 /PRNewswire/ -- NACCO Industries® (NYSE:NC) will release its 2022 Second Quarter financial results and will file its 2022 Second Quarter 10Q after the close of the market on Wednesday, August 3, 2022.
In conjunction with this release, the Company will host a conference call at 8:30 a.m. Eastern Time on Thursday, August 4, 2022 to discuss its results for the 2022 second quarter.
To register for this conference call, please use the following link: https://ige.netroadshow.com/registration/q4inc/11029/nacco-q2-2022-earnings-conference-call/. After registering, a confirmation will be sent via email, including dial-in details and unique conference call access codes required for call entry. Registration is open throughout the live call. To ensure you are connected prior to the beginning of the call, the Company suggests registering a day in advance or a minimum of 15 minutes before the start of the call.
The call will also be webcast live on NACCO's Investor Relations website at ir.nacco.com. For those not planning to ask a question of management, the Company recommends listening via the webcast. Please allow 15 minutes to register, download and install any necessary software.
Following the conference call, a replay will be available at (866) 813-9403 (Toll Free) or (929) 458-6194 (Local). The replay passcode is 279176. An archive of the webcast will also be available on the Company's website two hours after the live call ends.
About NACCO Industries
NACCO Industries® brings natural resources to life by delivering aggregates, minerals, reliable fuels and environmental solutions through its robust portfolio of NACCO Natural Resources businesses. Learn more about our companies at nacco.com or get investor information at ir.nacco.com.
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SOURCE NACCO Industries | https://www.wibw.com/prnewswire/2022/07/26/nacco-industries-announces-dates-2022-second-quarter-earnings-release-conference-call/ | 2022-07-26T12:18:56Z |
APD Chief Kevin Norris retiring, taking on new role within city
ARDMORE, Okla. (KXII) - Ardmore Police Chief Kevin Norris has announced his intention to retire from the department after over 25 years.
“I look at the retirement board we have here and you have a handful of officers that have made it to 20, 22, 23 but officers of 25 years are more is few,” said Norris. “And so I just felt like It was getting to the time that it would be time to retire.”
Norris joined the APD in 1996 and climbed the ranks from officer all the way to chief.
In Norris’ time as chief he’s made several changes including transitioning the departments policies to the state sanctioned Lexipol policies as well as putting the department through the rigorous accreditation process.
“That’s letting the community know too that we want to be held accountable outside of just us holding ourselves accountable,” said Norris.
Norris informed city manager Kevin Boatright of his intention to retire, but Boatright had another idea.
“He is a man of high character, he’s got a great moral compass, he is well known in our community and he’s done a lot of great work,” said Boatright. “Even though a majority of it has been in law enforcement I think we can take those values he has and keep those here in the city.”
Boatright offered Norris the position of assistant city manager and after discussing it with his wife he chose to accept.
“I believe that I still have things to give,” said Norris. “I feel like I can still be a servant to the community and try and do what’s best and try and make sure this community is a good place to come to, a good place to live, and also be safe.”
Boatright believes that Norris can be a valuable asset to the city as the undergo an era of change.
“We have a lot of big projects on the horizon that we’re working on and so I’m hoping to put him to good use to kind of help with that,” said Boatright. “As well as keep that great communication and reputation he has inside our community.”
The city has already started the search for its next police chief, a process that Norris intends to be involved in.
He said he already knows what he’s looking for.
“Somebody that will listen and somebody that will jump in and work, will work for the department and work for the community,” said Norris.
“Whoever it is that we decide to hire as our next police chief has some big shoes to fill,” said Boatright.
Norris says he will not transition to his new role as assistant city manager until a replacement is selected.
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/06/06/apd-chief-kevin-norris-retiring-taking-new-role-within-city/ | 2022-06-06T23:30:14Z |
Top Stack Makes Inaugural Appearance on the Inc. 5000 List, Ranking No. 568 With Three-Year Revenue Growth of 1,113%
WAYNE, Pa., Aug. 24, 2022 /PRNewswire/ -- Top Stack, a national provider of staffing services for information technology, accounting and finance, human resources, and sales and marketing positions, ranks in 568th place on the Inc. 5000 annual list of America's fastest-growing private companies with 1,113% revenue growth since 2017. The Inc. 5000 list celebrates the successes of America's independent businesses, highlighting innovation and originality, and observing the risks and rewards the honorees have experienced.
"This award has exceptional meaning for our company. Not only is this our first opportunity to rank on the list itself, but we also ranked high despite the challenges we experienced throughout the COVID-19 pandemic. The labor shortages certainly impacted our business, but our team remained steadfast and was able to continue to provide quality service to our clients," says Michael Masiello, Founder & CEO.
Top Stack has differentiated itself in the staffing marketplace as a service-focused and transparent boutique recruiting firm. Company leadership takes pride in building strategic partnerships—not just a list of customers—to support an organization's enterprise initiatives and long-term goals. Top Stack offers customized recruiting services that fit the client's unique needs while also providing consultative feedback on industry trends and job market insights. Top Stack's client approach has not only resulted in over 1,000 successful permanent and contract placements since 2017, but this focus on authenticity has also been the key to the company's overall success within its first few years of business.
"We genuinely care about our clients' businesses and strive to be a true partner," says Masiello. "Our team has been intimately involved in specific client initiatives such as rebrands, organization restructures, and department expansions. We've been able to successfully support these projects by providing top talent while accommodating talent acquisition initiatives, such as diversity programs and return-to-office plans. We developed personalized recruiting strategies that take into consideration internal equity challenges, talent shortages, and other economic and industry trends. Serving our clients in these concentrated and demanding situations has rewarded Top Stack with recurring business and priority status. Supporting our clients on their path to success has directly contributed to our own company's success, and we are incredibly grateful for these partnerships."
Top Stack also recently ranked as #18 on the 2022 Inc. Regionals list for the Northeast Region, as well as #5 on the 2021 Philadelphia100® list.
Top Stack was launched to solve a problem in the human capital industry: technology replaced humanity. The Top Stack team makes it their top priority to be people-focused, cultivating strong professional relationships but with a human touch and open communication. This unique approach within the staffing industry has quickly made Top Stack one of the region's most respected and fastest-growing companies. Opening its doors in 2017, Top Stack quickly grew from a small yet robust crew to the strategic and structured team it has today. Each person on the team brings unique insight and expert experience, allowing Top Stack to scale with ease and precision.
Diversified Staffing Group, LLC d.b.a Top Stack Group, is a fast-growing recruiting and professional services firm, partnering with top employers and top talent across the nation, filling permanent, contract, and contract-to-hire positions. Top Stack excels at information technology, accounting and finance, human resources, and sales and marketing positions. Top Stack has made it their priority to be people-focused, with consistent, transparent, timely communication. This personal approach is how they select top candidates, simplify decisions, and save everyone's time. Connect with Top Stack at www.topstackgroup.com, LinkedIn, Facebook, and Instagram.
CONTACT: Karen Lopez, Operations Manager, 610-255-2081 – klopez@topstackgroup.com
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SOURCE Top Stack | https://www.wibw.com/prnewswire/2022/08/24/top-stack-ranked-no-568-2022-inc-5000-annual-list/ | 2022-08-24T15:49:21Z |
Beat the summer heat on Lake Texoma
POTTSBORO, Texas (KXII) - Summer is here and people are spending it at Lake Texoma.
“What happens on the boat stays on the boat,” said Beth Hutchinson, Captain for Fast Trac Cruises.
It’s nearly 100 degrees Saturday, but that isn’t stopping people from going outside. Instead, people gather here at Lighthouse Resort and Marina to have some fun in the sun. The resort offers events that start at 1:00 p.m. every Thursday through Saturday.
But historic boat tours aren’t the only thing happening at the marina.
“One of the favorites and most requested are our murder mystery and dinner cruise, and we do have a couple of those scheduled. they’re not a weekly event, but we do have those sprinkled out all throughout the summer,” said Hutchinson.
Just across the road from the dock is a beach where people go to hang out and swim. In fact, a woman and her family come all the way from Houston to enjoy Lake Texoma.
“We love it so much that we rented for a long time, and we just kept hoping to find somewhere we could call our own, and we eventually did,” said Linda, visiting Lake Texoma.
Linda and her family have been coming to the resort for 8 years to spend time together.
“The guys got up bright and early this morning and went on a guided fishing tour, with a great local guy named Rex, and caught some huge fish,” said Linda.
From fishing to murder mystery cruises, the Lighthouse Resort and Marina seems to have a little bit of something for everyone to enjoy.
Copyright 2022 KXII. All rights reserved. | https://www.kxii.com/2022/06/26/beat-summer-heat-lake-texoma/ | 2022-06-26T04:42:25Z |
Walmart slashing prices on clothes and more
Published: Jul. 26, 2022 at 8:08 AM CDT|Updated: 24 minutes ago
(CNN) - Walmart says inflation is actually leading them to cut prices on some products.
Walmart’s CEO Doug McMillon said Monday that rising food and fuel prices have many shoppers pulling back on buying clothes and other items.
To get rid of a huge buildup of inventory, the company says it is slashing prices on clothing and some big-ticket products.
The company also expects a general slowdown in customer spending in the second half of the year.
Those projections caused the company’s stock to fall 9% in after-hours trading.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.wibw.com/2022/07/26/walmart-slashing-prices-clothes-more/ | 2022-07-26T13:32:39Z |
AXI calculated and published by Invesco Indexing can aid USD LIBOR transition in loan markets
ATLANTA and NEW YORK, July 25, 2022 /PRNewswire/ -- Today Invesco Indexing LLC, an independent index provider owned by Invesco, Ltd. (NYSE: IVZ), and SOFR Academy, Inc., a digital education and data provider, announce the official launch of the first-of-their-kind USD Across-the-Curve Credit Spread Indices ("AXI") and USD Financial Conditions Credit Spread Indices ("FXI").
The AXI and FXI indices were developed in partnership between Invesco Indexing and SOFR Academy, Inc. SOFR Academy provides financial education and differentiated market data to empower corporations, financial institutions, governments, and individuals to make better decisions. SOFR Academy is driving the operationalization of AXI and FXI as credit spread add-ons for SOFR for use in lending and derivative markets.
The AXI and FXI indices are forward-looking credit spread indices designed to work in conjunction with the Secured Overnight Financing Rate (SOFR). AXI and FXI work to form a credit-sensitive interest rate when used in combination with Term SOFR, Simple Daily SOFR, SOFR compounded in arrears, or SOFR Averages.
"According to the LSTA, there continues to be a lack of consensus on credit spread adjustments for new SOFR based loans. Now that sustained SOFR-linked markets have developed with a sufficient level of liquidity, we believe that now is an appropriate time to introduce a credit spread supplement for SOFR in response to market demand," said SOFR Academy Chief Executive Marcus Burnett. "Many banks are experiencing challenges with implementing CSAs, from trying to focus on simply securing a renewal in a competitive market, to ensuring the borrower is treated fairly, to not yet having internal consensus on the bank's policy for how to account for CSAs. AXI will help solve this problem," added Burnett.
AXI is a weighted average of the credit spreads of unsecured bank funding transactions with maturities out to multiple years. FXI is an extension of AXI that incorporates data based on transactions of both financial and non-financial corporate debt instruments and is approximately 500% more robust. The Invesco AXI methodology document is available here.
AXI and FXI are calculated daily and published at approximately 9 AM ET, using the prior day's transaction data, on a T+1 basis. The indices will be accessible via market data providers and will be posted publicly on www.invescosofracademyaxi.com. All-in benchmark rates will be calculated and published where across-the-curve credit spreads are combined with variations of SOFR, including a variation of SOFR plus AXI ('SOFRx') and a variation of SOFR plus FXI ('SOFRy').
To request information, submit questions, provide feedback, or view licensing documentation please email IndexSupport@Invesco.com.
Invesco Indexing LLC is an independent index provider owned by global asset manager Invesco Ltd. Invesco Indexing develops and administers a wide array of equity, fixed income, and multi-asset indices. These indices provide market exposures for both local and global markets, offering a full range of strategies. Invesco Indexing's full range of indices are constructed by experienced investment professionals and are designed to help clients meet specific financial objectives. As of December 31, 2021, Invesco Indexing administered over 180 indexes with $15.4 billion in associated assets. Invesco is not affiliated with SOFR Academy. For more information, visit www.invescoindexing.com
SOFR Academy is a member of the American Economic Association (AEA), the Loan Syndications and Trading Association (LSTA), the International Swaps and Derivatives Association (ISDA), the Asia Pacific Loan Market Association (APLMA), the Bankers Association for Finance and Trade (BAFT) which is a wholly owned subsidiary of the American Bankers Association (ABA) and the U.S. Chamber of Commerce. For more information, please visit www.SOFR.org.
Invesco Ltd. is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. Our distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities. With offices in more than 20 countries, Invesco managed US$1.6 trillion in assets on behalf of clients worldwide as of March 31, 2022. For more information, visit www.invesco.com.
SOFR is published by the Federal Reserve Bank of New York and is subject to The New York Fed's Terms of Use. The New York Fed has no liability for your use of the data. Neither AXI or FXI are associated with, endorsed, or sponsored by The New York Fed.
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SOURCE Invesco Ltd.; SOFR Academy, Inc. | https://www.mysuncoast.com/prnewswire/2022/07/25/invesco-indexing-sofr-academy-announce-official-launch-invesco-usd-across-the-curve-credit-spread-indices-axi/ | 2022-07-25T15:57:56Z |
World's largest tool brand shares top three tips for modernizing the jobsite of the future
TOWSON, Md., June 13, 2022 /PRNewswire/ -- According to the U.S. Census Bureau, in 2021, total new housing starts rose more than 15% from 2020 to 1.60 million**, the most new starts recorded since 2006. Construction demand and spending are strong and with peak building season underway, DEWALT, a Stanley Black & Decker (NYSE: SWK) brand and leader in total jobsite solutions, shares its top three tips for homebuilders to maximize jobsite productivity and complete projects on-time and on-budget.
"The last two years have seen unprecedented changes and growth in the U.S. housing market during which new trends for homebuilders have emerged with higher demand for faster, safer and more efficient equipment than ever before," said Allison Nicolaidis, President, Power Tools Group, Stanley Black & Decker. "The future is here – the construction industry is in a state of significant evolution, and we are committed to supporting the needs of contractors and homebuilders as we help them adapt to new products and technology to modernize their jobsites."
To help modernize the jobsite of the future, DEWALT shares the following tips for residential contractors:
1. Embrace a Cordless Jobsite
DEWALT recommends choosing battery-operated tools which provide the performance of a corded product, with the freedom and convenience of a cordless tool making builders more efficient. The benefits of cordless tools come from greater portability, improved runtime and worktime as well as several safety enhancements. Without auxiliary hoses, cords, tanks or generators required to operate cordless tools, workers can skip exhausting and time-consuming set up and break down processes and move freely about the jobsite without relocating cumbersome equipment.
Going cordless decreases the likelihood of tangling and tripping hazards and eliminates the hassle of keeping cords out of blade lines and busy walking paths. Cordless tools have also made significant strides as it relates to user safety, particularly those performing heavy-duty applications through dust containment, prevention of bind-up situations, and protection against damaging prolonged vibration. In addition, the extended runtime and consistency of battery-operated tools provides prolonged uninterrupted work time while assistive features like mechanisms to clear jams and reload indicators, which keep builders on task, for longer.
2. Upgrade With High-Power Technology
To help drive productivity, builders can not only expand their portfolio of cordless tools, but upgrade the battery technology that powers them. DEWALT is the world's first major power tool brand to use pouch cell batteries designed for the construction industry, known as DEWALT POWERSTACK™ 20V MAX* Compact Batteries. While side-by-side cylindrical cells leave space between the units, flat, stacked cells neatly align maximizing the limited space within compact battery housing. These pouch cell batteries are dramatically smaller and lighter, without sacrificing performance providing users with:
- More power enabling broad application capabilities and fast performance with cordless tools
- More compact and lighter in weight, providing tool maneuverability, high precision and reduced fatigue when used in tight workspaces
- Significantly increased lifespan providing more overall investment value
3. Simplify With End-To-End, Connected Solutions
Builders should also evaluate their full ecosystem of equipment to consider the benefits of more recently available items like connected products and software solutions, and advances in accessories, storage and lifestyle products that can significantly improve worksite operations. For example, the common challenge of inventory management can be seamlessly managed with software that monitors and assigns jobsite inventory to optimize productivity, saving time and budget. This technology allows equipment data to be read by mobile devices or gateways for larger sites, thereby mitigating the risk of lost or stolen tools.
Power tool accessories like bits, blades and screwdriving attachments have shown vast improvement in performance through innovative new materials, coatings and manufacturing processes. Storage offers organization to users and plays an important role in productivity through tool protection and maneuverability. Finally, the jobsite is not complete without lifestyle products like radios, coolers, and fans that work create a better environment for everyone on the job and round out the family of battery-operated products used every day in construction.
The modernized jobsite is here. For more information on innovative tools and technology, visit: dewalt.com/total-trade-solutions.
*Maximum initial battery voltage (measured without a workload) is 20 volts. Nominal voltage is 18.
**https://www.census.gov/construction/nrc/pdf/newresconst.pdf
About DEWALT
DEWALT, a Stanley Black & Decker brand, is obsessed with how users work in the real world and is relentlessly pursuing total jobsite and landscaping solutions. By incorporating its latest technology and industry innovations, DEWALT is leading the charge for the jobsite of the future and pioneering the next generation of outdoor equipment. DEWALT products. GUARANTEED TOUGH®. For more information, visit www.dewalt.com or follow DEWALT on Facebook, Twitter, Instagram, and LinkedIn.
About Stanley Black & Decker
Headquartered in the USA, Stanley Black & Decker (NYSE: SWK) is the world's largest tool company operating nearly 50 manufacturing facilities across America and more than 100 worldwide. Guided by its purpose – for those who make the world – the company's more than 60,000 diverse and high-performing employees produce innovative, award-winning power tools, hand tools, storage, digital tool solutions, lifestyle products, outdoor products, engineered fasteners and other industrial equipment to support the world's makers, creators, tradespeople and builders. The company's iconic brands include DEWALT, BLACK+DECKER, CRAFTSMAN, STANLEY, Cub Cadet, Hustler and Troy-Bilt. Recognized for its leadership in environmental, social and governance (ESG), Stanley Black & Decker strives to be a force for good in support of its communities, employees, customers and other stakeholders. To learn more visit: www.stanleyblackanddecker.com.
DEWALT Media Contact:
Emily Noto
Director, Public Relations
(443) 564-7446
Emily.Noto@sbdinc.com
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SOURCE DEWALT | https://www.mysuncoast.com/prnewswire/2022/06/13/go-cordless-dewalt-shares-top-tips-residential-contractors-seeking-boost-productivity-during-peak-building-season/ | 2022-06-13T14:36:33Z |
London-based Emerging Markets Investment Bank Continues Expansion with Key Senior Fixed Income Trading Hire
LONDON, April 1, 2022/PRNewswire/ -- BancTrust & Co. Investment Bank (BancTrust), the London-based Emerging Markets investment bank, is pleased to announce a new Senior Hire to its Fixed Income Sales & Trading team.
BancTrust & Co. Investment Bank, is pleased to announce a new Senior Hire to its Fixed Income Sales & Trading team.
Nick Taylor has joined the investment bank, at its new headquarters located in the Salesforce Tower in the City of London, as Managing Director, Fixed Income Trading. Nick has over 20 years of experience in Emerging Markets with previous roles heading trading at BNP, ING & Exotix Capital as well as senior positions at Deutsche Bank & Cantor Fitzgerald.
Nick holds a degree from the University of Westminster and will report to the Head of Global Markets & Executive Board mMember, Dean Tyler.
"I am delighted to have a trader of Nick's ability to spearhead our dealing efforts from London and I am sure he will repeat his previous successes here at BancTrust" stated Dean Tyler.
CEO Carlos Fuenmayor commented, "I am thrilled yet another highly experienced EM veteran has joined the BancTrust team, as we continue our mission to service clients in frontier and emerging markets and deliver exceptional value".
About BancTrust & Co.
BancTrust & Co. Investment Bank is a London-based global Emerging Markets investment bank that offers corporate and investment banking, securities dealing and financing, as well as investment research products and services to a diversified client base mainly comprised of emerging and frontier markets-based corporates, financial institutions, governments, and dedicated global EM asset managers.
For more information, please visit https://banctrust.com and follow us on Twitter at [twitter.com/BancTrustCo]
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SOURCE BancTrust & Co. Investment Bank | https://www.mysuncoast.com/prnewswire/2022/04/01/banctrust-amp-co-investment-bank-announces-new-senior-hire-fixed-income-trading-team/ | 2022-04-01T16:10:27Z |
-On average, respondents underestimated the costs of LTC by $20,000
-Approximately 70% of individuals aged 65+ will need long-term care
-Only 1 in 10 surveyed currently have long-term care coverage
NEW YORK, July 20, 2022 /PRNewswire/ -- On a mission to improve the aging-at-home experience, insurance product and solution innovator, HCG Secure, today announced the results of an elder care survey, conducted with the Arctos Foundation and administered by AtotheZ Marketing.
The study found a lack of preparedness among respondents overall and only about one in ten individuals have long-term care insurance. Financial plans, wills, trusts, and health care directives are in place for only about three in ten. Respondents were also asked to give their expectations for the costs of long-term care and estimated, on average, $20,000 less than the average costs. When shown the costs of care, half of all respondents indicated they were 'not at all' prepared to cover those expenses.
"There is a concerning disconnect between the wealth of research we have on the caregiver burden and the high costs of long-term services and supports," said Tom Beauregard, CEO of HCG Secure. "The cost for in-home and facility care have increased at a rate double that of inflation since 2004; in turn, individuals are increasingly looking to family members to either provide unpaid care or to help pay for needed services. With this research we are exploring how financial challenges arise in retirement, so we can develop products to address the financial needs of families and lessen the burden/stressors of caregiving."
Seventy percent of those 65 and older will need long-term care. This leaves a massive gap for most Americans as only 1 in 10 have coverage. Only 20% feel prepared to pay for coverage, which often results in their children or other loved ones navigating, paying for, and or administrating care.
"The high cost of traditional insurance is out of reach for most and there's a major demographic shift taking place in our country, so it's likely that most people will need some type of extended care (whether at home or in a facility). The marketplace needs innovative solutions that offset the financial and emotional stress associated with supporting family members. That is why we're excited to be partnering with HCG Secure," said Steve Cain, Director at LTCI Partners.
HCG Secure and Actos Foundation partnered to conduct a survey of 402 individuals between the ages of 40-64 around the expectations of long-term care needs, costs, and preferences. The survey gauged general interest in insurance products inclusive of advocacy and navigation resources to help individuals at their time of need, as well as in advance. To access the comprehensive survey results, please visit https://hcgsecure.com/independent-research/
HCG Secure was founded by healthcare and insurance veterans who all individually have experienced the challenges of supporting loved ones through their aging process. Collectively, they wanted to bring their decades of experience and build solutions directly serving the consumer and minimize the hardships that come with having an aging loved one. HCG Secure innovates with the end customer in mind – providing individuals and families with the resources, support, and navigation to age confidently. The current offerings include indemnity insurance coverage for short-term home health care, as well as long-term care insurance bundled with life insurance, tools, and assistance at your time of need - now, or in the future. For more information, visit www.hcgsecure.com.
HCG Secure operates as Home Care Genie™.
The Arctos Foundation was established in 2010 with the goal of supporting novel and innovative solutions to some of the biggest challenges facing society. Over the last decade, Arctos has focused extensively on education and health care, including the long term needs of seniors.
Media Contact:
Liang Zhao
505-720-6933
lz@vansary.com
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SOURCE HCG Secure | https://www.wibw.com/prnewswire/2022/07/20/hcg-secure-arctos-foundation-study-finds-majority-americans-underestimate-cost-long-term-care/ | 2022-07-20T12:33:19Z |
Salt Lake, Sapporo head race to 2030 Olympics, and maybe ’34
By STEPHEN WADE
AP Sports Writer
The Beijing Winter Olympics closed just over two months ago and the focus now turns to awarding a host city for the 2030 Winter Games. There appears to be four candidates with Sapporo, Japan, Salt Late City, and Vancouver leading the list. Interest has also been shown by Barcelona with snow events proposed for regions in the Pyrenees. An IOC technical team was in Salt Lake last week and travels this week to Vancouver. Japanese officials are planning an “All Japan” conference next week in Sapporo led by a former prime minister. The Winter Games in 2026 will be Milan and Cortina, Italy. | https://localnews8.com/news/2022/05/01/salt-lake-sapporo-head-race-to-2030-olympics-and-maybe-34/ | 2022-05-02T11:06:12Z |
KNOXVILLE, Tenn., May 10, 2022 /PRNewswire/ -- With its season opener approaching, One Knoxville SC is pleased to announce an exclusive business services partnership. One of the nation's Top 100 Accounting Firms, PYA, will be the Presenting Sponsor of the 2022 One Knoxville SC coaching staff.
One Knoxville SC, the club bringing professional soccer to Knoxville, is delighted to have another outstanding community partner in PYA. With the club's focus on steady, incremental growth within the American soccer landscape, a partnership with PYA provides an opportunity to work collaboratively with a respected local leader that understands what makes Knoxville unique.
Founded in Knoxville in 1983, PYA serves clients in all 50 states from offices in six cities. The firm is ranked by Forbes and by Inside Public Accounting as one of the Top Tax and Accounting Firms in the nation, and by Accounting Today as one of the Top 20 CPA firms in the Southeast and the largest headquartered in Knoxville. PYA remains deeply committed to its Knoxville heritage and has a long history of community support.
"We're thrilled to be partnering with PYA for our inaugural season," said Drew McKenna, Partner at One Knoxville SC. "With decades of community experience, PYA not only understands how to support businesses, but understands implicitly how to support Knoxville businesses. We couldn't be prouder of this partnership."
Marty Brown, PYA President and CEO, adds, "We are so grateful for the opportunity to be a part of this energetic team. The community engagement and support One Knoxville SC is fostering overlap so effectively with other exciting developments in our city and with our firm's core values. We are happy PYA can help bring it to life."
The One Knoxville SC season opens May 14th. Information available at: https://oneknoxsc.com/. Information on PYA is available at https://www.pyapc.com/.
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SOURCE PYA | https://www.mysuncoast.com/prnewswire/2022/05/10/one-knoxville-sc-announces-partnership-with-pya/ | 2022-05-11T03:35:00Z |
NEW YORK, July 21, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of The Charles Schwab Corporation ("Charles Schwab" or the "Company") (NYSE: SCHW). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether Charles Schwab Therapeutics and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On July 2, 2021, Charles Schwab disclosed in a filing with the U.S. Securities and Exchange Commission ("SEC") that the Company "has been responding to an investigation by the [SEC] arising from a compliance examination" and that "[t]he investigation largely concerns historic disclosures related to the Schwab Intelligent Portfolios® (SIP) digital advisory solution. "Accordingly, Charles Schwab disclosed that "[g]iven the investigation's status, Schwab's second quarter 2021 financial results will include a liability and related non-deductible charge of $200 million."
On this news, Charles Schwab's stock price fell $2.03 per share, or 2.79%, to close at $70.77 per share on July 6, 2021, the next trading day.
Then, on June 13, 2022, the SEC announced that it "charged three Charles Schwab investment adviser subsidiaries" who "agreed to pay $187 million to harmed clients to settle the charges. "The SEC charged Charles Schwab with misleading investors that used its robo-adviser product, Schwab Intelligent Portfolios. Instead of the touted "disciplined portfolio construction methodology" that sought "optimal return[s]", Charles Schwab's "own data showed that under most market conditions, the cash in the portfolios would cause clients to make less money even while taking on the same amount of risk."
On this news, Charles Schwab's stock price fell $1.98 per share, or 3.18%, to close at $60.24 per share on June 13, 2022.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP | https://www.mysuncoast.com/prnewswire/2022/07/22/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-charles-schwab-corporation-schw/ | 2022-07-22T00:47:41Z |
NEW YORK, July 5, 2022 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Acadia Pharmaceuticals Inc. ("Acadia" or the "Company")(NASDAQ: ACAD) and certain of its officers. The class action, filed in the United States District Court for the Southern District of California, and docketed under 21-cv-00762, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Acadia securities between June 15, 2020 and April 4, 2021, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
If you are a shareholder who purchased Acadia securities during the Class Period, you have until June 18, 2021 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
Acadia is a biopharmaceutical company that focuses on the development and commercialization of small molecule drugs that address unmet medical needs in central nervous system disorders. The Company is developing pimavanserin as a treatment for dementia-related psychosis and as an adjunctive treatment for schizophrenia, as well as an adjunctive treatment for major depressive disorder.
In April 2016, the U.S. Food and Drug Administration ("FDA") approved pimavanserin for the treatment of hallucinations and delusions associated with Parkinson's disease psychosis.
In June 2020, Acadia submitted a supplemental New Drug Application ("sNDA") with the FDA to expand pimavanserin's label to include treatment for dementia-related psychosis (the "pimavanserin sNDA").
The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) the materials submitted in support of the pimavanserin sNDA contained statistical and design deficiencies; (ii) accordingly, the pimavanserin sNDA lacked the evidentiary support that the Company had led investors to believe it possessed; (iii) the FDA was unlikely to approve the pimavanserin sNDA in its present form; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
On March 8, 2021, post-market, Acadia issued a press release providing a regulatory update on the pimavanserin sNDA, disclosing "that the Company received a notification from the [FDA] on March 3, 2021, stating that, as part of its ongoing review of the Company's [sNDA], the FDA has identified deficiencies that preclude discussion of labeling and post-marketing requirements/commitments at this time." Acadia advised that "[t]he notification does not specify the deficiencies identified by the FDA and there has been no clarification by the FDA at this time."
On this news, Acadia's stock price fell $20.76 per share, or 45.35%, to close at $25.02 per share on March 9, 2021.
Then, on April 5, 2021, pre-market, Acadia issued a press release announcing that the Company had received a Complete Response Letter ("CRL") from the FDA indicating that the pimavanserin sNDA could not be approved in its current form. Specifically, the press release stated that, "the [FDA Division of Psychiatry], in the CRL, cited a lack of statistical significance in some of the subgroups of dementia, and insufficient numbers of patients with certain less common dementia subtypes as lack of substantial evidence of effectiveness to support approval."
On this news, Acadia's stock price fell $4.41 per share, or 17.23%, to close at $21.18 per share on April 5, 2021.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP | https://www.kxii.com/prnewswire/2022/07/06/shareholder-alert-pomerantz-law-firm-reminds-shareholders-with-losses-their-investment-acadia-pharmaceuticals-inc-class-action-lawsuit-upcoming-deadline-acad/ | 2022-07-06T04:21:44Z |
NEW YORK (AP) — Kristia Leyendecker has navigated a range of opposing views from her two siblings and other loved ones since 2016, when Donald Trump’s election put a sharp, painful point on their political divisions as she drifted from the Republican Party of today and they didn’t.
Then came the pandemic, the chaotic 2020 election and more conflict over masks and vaccinations. Yet she hung in there to keep relationships intact. That all changed in February 2021 during the devastating freeze in the Dallas area where they all live, she with her husband and two of their three children. Leyendecker’s middle child began a gender transition, and Leyendecker’s brother, his wife and her sister cut off contact with her family. Their mother was caught in the middle.
“I was devastated. If you had told me 10 years ago, even five years ago, that I would now be estranged from my family, I would have told you you were lying. We were a very close family. We did all holidays together. I’ve been through all of the stages of grief multiple times,” says the 49-year-old Leyendecker, a high school teacher.
Since, there have been no family picnics or group vacations. There were no mass gatherings for Thanksgiving and Christmas. Heading into summer, nothing has changed.
For families fractured along red house-blue house lines, summer’s slate of reunions, trips and weddings poses another exhausting round of tension at a time of heavy fatigue. Pandemic restrictions have melted away but gun control, the fight for reproductive rights, the Jan. 6 insurrection hearings, who’s to blame for soaring inflation and a range of other issues continue to simmer.
Sarah Stewart Holland and Beth Silvers, co-hosts of the popular Pantsuit Politics podcast, have been hosting small group conversations with listeners about family, friendships, church, community, work and partners as they’ve launched their second book, “Now What? How to Move Forward When We’re Divided (About Basically Everything).”
What they’ve heard is relatively consistent.
“Everyone is still really hurt by some of the fallout in their relationships over COVID,” Stewart Holland says. “People are still brokenhearted about some friendships that fell apart, partnerships that are now strained, family relationships that are estranged. As people start to come back together again, that pain is right on the surface, about the last fight or the last disagreement or the last blowup.”
She called this moment in a nation still greatly polarized as a “bingo card of political conflict for certain families right now.”
Reda Hicks, 41, was born and raised in Odessa, the epicenter of the West Texas oil industry. Her family is large, conservative and deeply evangelical. She’s the oldest of four siblings and the senior of 24 first cousins. Her move to Austin for college was an eye-opener. Her move to ultra-progressive Berkeley, California, for law school was an even bigger one.
She’s been in Houston since 2005 and has watched friction among friends and family from her two very different worlds devolve on her social media feeds, emboldened by the distance the internet affords.
“There’s been a horrific caricaturing on both ends of that spectrum. Like, `I’m going to talk to you like you are the caricature in my mind of a hippie’ or `I’m going to talk to you like you’re the caricature in my mind of a roughneck,’ which means you’re an idiot either way and you have no idea what you’re talking about,” says Hicks, a business consultant and the mother of two young children.
“It all feels so personal now.”
Immigration and border security pop up regularly. So does abortion and access to health care for women. Religion, particularly the separation of church and state, is a third hot button. And there’s gun reform in light of the recent mass school shooting in Uvalde at home in Texas and other massacres. She has relatives — including her retired military and conservative husband — who own and carry guns.
In offline life, Hicks’ family interactions can be tense but do remain civil, with regular get-togethers that include a recent group weekend at her second home in the Pineywoods of East Texas.
She has never considered a transition to no contact with conservative loved ones. With a brother living just across the street, that would be difficult to pull off. As a couple, Hicks and her husband have made a conscious decision to openly discuss their opposing views in the presence of their children, ages 11 and 5.
It’s a humbling of sorts, making space for them to agree to disagree. “And we disagree a lot. But our ground rules are no name calling. If something gets extra heated, we take a timeout.”
No real ground rules are set when it comes to the rest of their families, other than a change of topic when things appear headed for a boil over.
Daryl Van Tongeren, an associate professor of psychology at Hope College in Holland, Michigan, is out with a new book on the quiet power of restraint, “Humble: Free Yourself from the Traps of a Narcissistic World.” In his eyes, the Hickses have got it right, though cultural humility is a big ask for some divided families.
“Cultural humility is when we realize that our cultural perspective is not superior, and we demonstrate curiosity to learn from others, seeing the multitude of diverse approaches as a strength,” Van Tongeren says. “This humility does not come at the cost of fighting for the oppressed nor does it require that people shy away from upholding their personal values. But how we engage with people with whom we disagree matters.”
Van Tongeren is an optimist. “Humility,” he says, “has the potential to change our relationships, our communities and nations. It helps bridge divides, and it centers the humanity of each of us. And it is what we desperately need right now.”
In the humility camp, he’s not alone. Thomas Plante, who teaches psychology at California’s Santa Clara University, a liberal Jesuit school, urges the same.
“Having a heated conversation during a picnic or over the barbecue isn’t going to change anyone’s mind. It only creates tensions and hurt feelings as a rule,” Plante says.
Carla Bevins, an assistant teaching professor of communication at Carnegie Mellon’s Tepper School of Business, focuses on interpersonal communication, etiquette and conflict management. The wells of emotional reserves have fallen even lower at the start of summer’s closeness, she says, compared to the stressful family times of, say, Thanksgiving and Christmas.
“We’re so worn out,” she says. “And so often we’re framing our own response before we really even hear what the other person is trying to say. It needs to be about finding that commonality. Ask yourself, how much energy do I have in a day? And remember, there’s always the option to just not go.”
___
Follow Associated Press journalist Leanne Italie on Twitter at http://twitter.com/litalie | https://cw33.com/health/ap-health/for-families-deeply-divided-a-summer-of-hot-buttons-begins/ | 2022-06-16T22:16:35Z |
Jeffrey Earnhardt to Pilot the No. 3 Chevrolet for the Ag-Pro 300 at Talladega Superspeedway
LOUISVILLE, Ohio, April 12, 2022 /PRNewswire/ -- ForeverLawn, Inc. has announced their partnership with Richard Childress Racing (RCR) and Jeffrey Earnhardt for the NASCAR Xfinity Series' Ag-Pro 300, once again placing an Earnhardt in the legendary No. 3 car. The race will take place on Saturday, April 23, at 4:00 p.m. at Talladega Superspeedway.
"What a dream come true. The chance to be behind the wheel of the No. 3 car for RCR has long been a dream of mine and now it's finally happening," says Earnhardt. "I can't thank ForeverLawn enough for making my dreams come to reality and for being such a big part of my career. I also want to thank Mr. Childress for making this possible. The No. 3 car is cherished by a lot of people, and I know how much it means to him. To give me this opportunity is something I'll never forget."
Earnhardt will pilot the No. 3 Chevrolet wrapped in a vintage-style paint scheme which incorporates the familiar ForeverLawn black and green color palette. Sponsors featured on the throwback car include SuperPufft, Dalstrong, The Accredited Petroleum Association, STR, and Precision Products.
"We're thrilled to partner with Jeffrey Earnhardt and Richard Childress Racing for this momentous race," says Dale Karmie, co-founder of ForeverLawn. "Jeffrey is a great young man and to see him fulfill his dream of driving the No. 3 for RCR is incredible. He has worked so hard to carve his own way while honoring the Earnhardt legacy. Can't wait to see the #blackandgreengrassmachine donning the No. 3 at the legendary Talladega Superspeedway."
"It's great to have an Earnhardt back in one of our cars," says Richard Childress, Chairman and CEO of RCR. "We think Jeffrey is a talented young driver and I'm confident he will run well at Talladega."
The race will be broadcast live at 4 p.m. ET on Saturday, April 23 on FOX and SiriusXM NASCAR Radio Channel 90. Viewers can also follow Earnhardt in the No. 3 car on the ForeverLawn Instagram, Twitter, and Facebook channels using #blackandgreengrassmachine.
About ForeverLawn ForeverLawn® improves spaces and communities through innovative synthetic grass solutions. Beginning in 2004 as the daring entrepreneurial venture of two brothers, ForeverLawn has consistently led the synthetic turf industry through groundbreaking approaches to products and practice. As the premium choice for synthetic surfacing, each product is engineered to solve unique consumer needs and desires while maintaining superior standards and natural aesthetics. Today the company services over eighty localized markets through their dealer network, with an impressive regional, national, and international project portfolio.
Want to be a part of something bigger? Learn how you can be a person of impact through business ownership opportunities with ForeverLawn. For more information, contact opportunities@foreverlawn.com.
About Richard Childress Racing Richard Childress Racing (rcrracing.com) is a renowned, performance-driven racing, marketing and manufacturing organization. Incorporated in 1969, RCR has celebrated over 50 years of racing and earned more than 200 victories and 16 championships, including six in the NASCAR Cup Series with the legendary Dale Earnhardt. RCR was the first organization to win championships in the NASCAR Cup Series, NASCAR Xfinity Series and NASCAR Truck Series and is a three-time winner of the Daytona 500 (1998, 2007, 2018). Its 2022 NASCAR Cup Series lineup includes two-time NASCAR champion, 2017 Coca-Cola 600 winner and 2018 Daytona 500 champion Austin Dillon (No. 3 Chevrolet), along with two-time NASCAR Xfinity Series champion Tyler Reddick (No. 8 Chevrolet). RCR fields a full-time NASCAR Xfinity Series program with Sheldon Creed (No. 2 Chevrolet) and Austin Hill (No. 21 Chevrolet).
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SOURCE ForeverLawn | https://www.kxii.com/prnewswire/2022/04/12/earnhardt-legacy-lives-foreverlawn-partners-with-richard-childress-racing-legendary-no-3-chevrolet-nascar-xfinity-series/ | 2022-04-12T18:10:11Z |
FBI agents violated the accused Brooklyn subway shooter's constitutional rights when they took DNA samples from him and didn't tell his attorneys, according to a court filing by the defense.
In a letter sent to US Magistrate Judge Roanne L. Mann, federal public defender Mia Eisner-Grynberg said FBI agents entered Frank James's cell at the Metropolitan Detention Center in Brooklyn on Tuesday and took multiple oral swabs of his DNA.
The agents also asked him questions and had him sign several documents, according to the letter.
The FBI declined comment, as did the US Attorney for the Eastern District of New York, where James was charged.
James is accused of setting off smoke grenades and firing a handgun 33 times on a crowded N train traveling toward the 36th Street station in Brooklyn's Sunset Park neighborhood. The attack left 29 people injured, including 10 who were shot, officials said.
James, 62, did not enter a plea on charges of violating a law that prohibits terrorist and violent attacks against mass transportation.
Eisner-Grynberg wrote that neither she nor the other lawyers representing James were informed ahead of time about the FBI taking his DNA samples.
"Contrary to standard practice, the government committed this intrusion absent advance notice to counsel, depriving us of an opportunity to be heard or to be present. Neither did the government provide subsequent notice to counsel," Eisner-Grynberg said in the letter.
Eisner-Grynberg, who declined to comment on the letter, wrote that attorneys found out about what happened from James and had to ask the FBI for copies of what he signed.
Attorneys had only received a copy of the search warrant after it was carried out, according to Eisner-Grynberg.
"It is the standard practice in this District that when the government obtains a search warrant for buccal [oral] swabs from a represented, post-arraignment defendant, the government informs counsel of same before its execution, and offers an opportunity to be present," she wrote in the letter.
"This serves as a safeguard to protect the rights of represented defendants. Here, because the government failed to provide notice to counsel before questioning and searching Mr. James, their practice risked violations of Mr. James's core constitutional rights under the Fourth, Fifth and Sixth Amendments."
Eisner-Grynberg is asking for any documents related to the search warrant, copies of anything James signed and the sum and substance of any statements he made, according to the letter.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/news/fbi-violated-rights-of-accused-subway-shooter-by-taking-his-dna-attorney-says-in-court/article_dc119f3d-84dc-5a38-84c5-a0d67040db38.html | 2022-04-28T21:01:25Z |
Givex will launch its best-in-class gift card program in 900 locations in 40 countries, with more than 1,000 to follow in phase two
TORONTO, July 20, 2022 /PRNewswire/ - Givex Information Technology Group Ltd. ("Givex") (TSX: GIVX) announced today it has been named global gift card provider by a popular Spanish fashion retail brand. The agreement will kick off within a few weeks with 900 locations in 40 countries, including the whole of Europe, the United States, and Oman, Qatar.
"We are thrilled to announce the latest win for Givex Europe, with a storied retailer with a sizable global footprint," said Francois Simarro-Doyon.
"This is a major step forward for Givex's continued international growth."
Givex is a comprehensive global customer engagement and business insights platform. In addition to gift card programs, Givex offers GivexPOS, loyalty programs, payment systems and robust analytics to help its clients make efficient business decisions.
"Our ability to deliver elite gift card programs continues to be recognized by notable retailers across the globe," said Simarro-Doyon. "This announcement is a clear illustration of our ability to provide solutions for retailers of any size, in any industry. We are hard at work on the first phase of the launch and expect to share more good news during the balance of the year."
Givex (TSX: GIVX; OTCQX: GIVXF) is a global fintech company providing merchants with customer engagement, point of sale and payment solutions, all in a single platform. We are integrated with 1000+ technology partners, creating a fully end-to-end solution that delivers powerful customer insights. Our platform is used by some of the world's largest brands, comprising approximately 100,000+ active locations across more than 100 countries. Learn more at www.givex.com.
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SOURCE Givex | https://www.wibw.com/prnewswire/2022/07/20/major-spanish-fashion-retailer-names-givex-global-gift-card-provider/ | 2022-07-20T17:05:49Z |
NEW YORK (AP) — U.S. dog lovers, say “benvenuto” to the bracco Italiano.
The ancient Italian bird-hunting dog is the 200th member of the American Kennel Club’s roster of recognized breeds, the organization announced Wednesday. That means the handsome, powerful but amiable pointers can now go for best in show at many U.S. dog shows, including the prestigious Westminster Kennel Club event next year.
The bracco (pronounced BRAH’-koh) goes back more than two millennia in Europe but wasn’t brought to the U.S. until the mid-1990s, according to the AKC. It’s sometimes called the Italian pointer or Italian pointing dog.
The ideal bracco should be “tough and adapted to all types of hunting, reliable, docile and intelligent,” while also friendly and neither shy nor aggressive, according to the AKC’s standard for the medium-to-large breed.
“They’re very easy to live with and be around, and yet it’s like a light switch — when it’s time to jump in the back of the truck and go hunting, and they’ve got a job, they just light up like a Christmas tree,” said owner and breeder Lisa Moller of Portage, Wisconsin.
She and husband Dale relied on Labrador retrievers as pheasant-hunting helpers before a friend introduced them to a bracco about five years ago. The couple was quickly struck by the dog’s methodical hunting style in the field and affectionate nature at home: “They’re very Velcro,” Lisa Moller said.
The dogs — the proper plural is “bracchi Italiani” — have a deep bark and readily deploy it on spotting backyard wildlife, so “they may not be the right dog for everybody,” she noted.
AKC Executive Secretary Gina DiNardo called the bracco a great companion for active families who can provide “the love and attention it needs.”
The AKC opened the nation’s oldest dog registry with a mere nine breeds in 1878. In the last decade alone, the club has added over 20 breeds, ranging from the teeny Russian toy to the powerful dogo Argentino. Criteria involve the total number and generations of registered dogs nationwide, their geographical distribution and other factors.
There remain many breeds that are registered elsewhere but not by the AKC, or aren’t formally recognized at all. Some aficionados eschew, or are torn about, the exposure that AKC recognition brings to a breed.
Animal rights activists denounce dog breeding, and they say that adding more breeds just exacerbates faddish demand for purebred pets and fuels puppy mills that feed it.
The AKC says it promotes responsible breeding aimed at preserving characteristics that equip dogs for various tasks and ease owners’ search for a pup they can live with and commit to. | https://cw33.com/entertainment-news/ap-entertainment/ciao-american-kennel-club-adds-a-breed-the-bracco-italiano/ | 2022-07-06T17:29:37Z |
Gamers can be rewarded for bringing their favorite faction from the leading Solana metaverse to The Sandbox on Ethereum via the Star Atlas VoxEdit Contest
MIAMI and HONG KONG, April 27, 2022 /PRNewswire/ -- Star Atlas, a next-gen metaverse with triple-a game design and Unreal Engine 5 graphics built on the Solana blockchain, and The Sandbox, a leading decentralized gaming metaverse and subsidiary of Animoca Brands, today announced the first step in revolutionizing gaming interoperability between the Ethereum and Solana blockchains. The relationship between the two metaverse environments launches with the Star Atlas VoxEdit contest which opens for submissions on May 2 at 00:00 a.m. (UTC) and runs until May 15 at 23:59 p.m. (UTC).
The Star Atlas VoxEdit Contest gives players the opportunity to act as an envoy from The Sandbox with the task of visiting one of the three main galactic factions in the Star Atlas metaverse – the ONI, Ustur, and MUD. Envoys are then tasked with creating a report on what they find by designing a portrait of one of the faction's inhabitants using The Sandbox's free VoxEdit software. Winners will be voted on by the teams of both The Sandbox and Star Atlas with the results being announced on June 11. The top four winners will split 50,000 in SAND, The Sandbox's in-game currency, and a fleet of coveted Star Atlas spaceship NFTs.
The VoxEdit Contest is also joined by BLOND:ISH, the renowned producer, DJ, and sustainability activist, who has an existing presence in both metaverse ecosystems. Envoys exploring the Star Atlas metaverse are invited to get inspired by the cosmic sounds and create a headpiece for an intergalactic Star Atlas faction member by designing it with VoxEdit. The entry that can best immerse and entertain a space traveler will be selected by BLOND:ISH and receive lustrous Star Atlas spaceships when the Contest concludes on June 11.
"We're excited to announce the first of many cross-platform integrations, connecting the ecosystems of Star Atlas and The Sandbox," said Michael Wagner, Co-Founder and CEO of ATMTA, Inc., the principal development studio of Star Atlas. "We share ambitious goals with respect to our developments within the broader metaverse, and we see this relationship as a pivotal moment to demonstrate the potential of interoperability of both game environments and blockchain protocols. The bridges we build today will serve as infrastructure of the future in seamless exploration of the infinite experiences digital world builders will create in the years to follow."
Star Atlas is a next-gen metaverse that looks to take the best of blockchain technology and real-time graphics technology to build a gaming experience built to last millennia. Since last year, the company has brought many unique NFT products to market, including playable spaceships, that have allowed Star Atlas to generate nearly $200 million in revenue to date.
As the metaverse's leading decentralized gaming virtual world, The Sandbox fully embraces the idea of the metaverse as a continuous shared digital space where worlds and brands collide to make magic and create real utility and economies. Star Atlas joins over 200 existing partnerships including Paris Hilton, Snoop Dogg, Adidas, Gucci, Warner Music Group, Ledger, HSBC, Ubisoft, The Walking Dead, Deadmau5, Steve Aoki, The Smurfs, Care Bears, Atari, ZEPETO, and CryptoKitties, all following The Sandbox's vision of empowering players to create their own experiences using both original and well-known characters and worlds.
"We are proud to be partnering with Star Atlas and are excited to develop new projects with the franchise," said Sebastien Borget, COO of The Sandbox. "This contest is the beginning of a new bridge linking metaverses to each other, with the goal to bring more content and cross-platform integration to both of our audiences. We can't wait to see the amazing assets that our communities will create!"
"The coming together of metaverse ecosystems opens up a new world of possibilities for artistic expression. This innovative and collaborative Star Atlas and The Sandbox partnership is exactly what web3 is about and has the potential to create fully sustainable NFT future experiences while rallying the worldwide community around a message of creativity, curiosity and boldness to dream of what we might become. I am thrilled to activate my entire community and see what fantastic creations this contest will bring. LFG!" – BLOND:ISH
BLOND:ISH is a Canadian producer, DJ solo act, and sustainability activist represented by Vive-ann Bakos. She has collaborated with Star Atlas on augmented reality NFT experiences as well as with The Sandbox on bringing her brand to the metaverse. Her music collaboration acts include Depeche Mode, Pete Tong, and playing at festivals such as Coachella, Burning Man, Ultra Music Festival.
Star Atlas has several major feature releases scheduled for 2022, including a web-based mini-game and a full production release known as the Volant Studio Showroom, which will present cinematic quality video game visuals using Unreal Engine 5's Nanite technology. This VoxEdit Contest is just the first of many integrations that both Star Atlas and The Sandbox have planned to increase the interoperability between their metaverse environments and the respective blockchains they're built on for the betterment of the budding metaverse ecosystem.
ABOUT STAR ATLAS
Star Atlas is a next-gen gaming metaverse emerging from the confluence of state of the art blockchain, real-time graphics, multiplayer video game, and decentralized financial technologies. Real-time graphics technology using Unreal Engine 5's Nanite allows for cinematic quality video game visuals. Blockchain technology using the Solana protocol establishes a largely serverless and secured gameplay experience. Non-fungible tokens obtained and traded within Star Atlas creates an economy that replicates the tangibility of real world assets and ownership.
To learn more, visit StarAtlas.com, join a faction at Play.StarAtlas.com and send your spaceships to the stars.
ABOUT THE SANDBOX
The Sandbox, a subsidiary of Animoca Brands, is one of the decentralized virtual worlds that has been fueling the recent growth of virtual real-estate demand having partnered with major IPs and brands including Adidas, Gucci, Ubisoft, Square Enix, Snoop Dogg, The Walking Dead, Deadmau5, Atari, Rollercoaster Tycoon, Care Bears, The Smurfs, and more. The Sandbox metaverse offers players and creators a decentralized and intuitive platform to create immersive 3D worlds and game experiences and to safely store, trade, and monetize their creations. For more information, please visit www.sandbox.game and follow the regular updates on Twitter, Medium and Discord.
For all media inquiries about Star Atlas and The Sandbox, please contact:
M Group Strategic Communications (for Star Atlas)
Kevin McGrath
staratlas@mgroupsc.com
The Sandbox Media Contact
Marion Choufa
marion@sandbox.game
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SOURCE Star Atlas | https://www.kxii.com/prnewswire/2022/04/27/metaverse-collision-star-atlas-sandbox-collaborate-first-time/ | 2022-04-27T14:57:01Z |
New SuiteApp for crypto accounting and tax meets Oracle NetSuite SuiteCloud development standards and best practices
SAN FRANCISCO, July 26, 2022 /PRNewswire/ -- Bitwave, a leading digital asset platform designed to manage the intersection of cryptocurrency tax, accounting, and compliance, today announced that its SuiteApp has achieved 'Built for NetSuite' status. The new SuiteApp, built using the Oracle NetSuite SuiteCloud Platform, helps organizations streamline and automate their crypto accounting and tax needs by reckoning their digital assets within NetSuite.
"We are thrilled to align with Oracle NetSuite to help companies with digital asset finance," said Pat White, CEO, and Co-Founder of Bitwave. "Businesses can now fully tap into the financial opportunities that decentralized finance offers within NetSuite by streamlining the process of reconciliation in just a few clicks."
With Bitwave for NetSuite, organizations will no longer need to go through various channels to manage their accounting needs for digital assets – it can all be automated directly in NetSuite. This helps companies that donate, accept payments, or pay their employees in digital currency to remain compliant.
"Every digital asset transaction is an accounting and tax event," said Guido Haarmans, GVP, SuiteCloud Developer Network and Partner Programs, Oracle NetSuite. "This new SuiteApp extends our robust solution for digital asset finance and will help NetSuite customers track and account for all transactions accurately and efficiently."
Built for NetSuite is a program for NetSuite SuiteCloud Developer Network (SDN) partners that provides the information, resources, and methodology required to help partners verify that their applications and integrations meet NetSuite standards and best practices. The Built for NetSuite program is designed to give NetSuite customers additional confidence that SuiteApps, like Bitwave, have been built to meet these standards.
For information about Built for NetSuite SuiteApps, please visit www.netsuite.com/BuiltforNetSuite. For more information about Bitwave, please visit www.suiteapp.com.
Oracle NetSuite's SuiteCloud platform is a comprehensive offering of cloud-based products, development tools, and services designed to help customers and commercial software developers take advantage of the significant economic benefits of cloud computing. Based on NetSuite, the industry's leading cloud-based financials / ERP software suite, SuiteCloud enables customers to run their core business operations in the cloud, and software developers to target new markets quickly with newly created mission-critical applications built to extend the power of NetSuite.
The SuiteCloud Developer Network (SDN) is a comprehensive developer program for independent software vendors (ISVs) that build apps for SuiteCloud. All available and approved SuiteApps are listed on SuiteApp.com, a single-source online marketplace where NetSuite customers can find applications to meet specific business process or industry-specific needs. For more information on SuiteCloud and the SDN program, please visit https://www.netsuite.com/portal/developers/overview.shtml
Bitwave is the first digital asset finance platform designed specifically to manage the intersection of cryptocurrency tax, accounting, and compliance, transforming unmanaged risk into strategic business advantage by enabling the financial revolution made possible by cryptocurrency. Bitwave powers bookkeeping, accounting, tax tracking, invoicing, bill pay, payroll, and treasury management for Decentralized Finance (DeFi), crypto, and NFTs.
The platform is used by accounting, operations and financial professionals who are eager to tap into all of the potential digital assets but have lacked the proper accounting protocols to do so in the past. Bitwave was founded in 2018 by technology entrepreneurs Pat White and Amy Kalnoki and is based in San Francisco, CA. To learn more, visit bitwave.io
Oracle, Java, and MySQL are registered trademarks of Oracle Corporation.
Media Contact
Amanda Umpierrez
Bitwave@kcdpr.com
347-617-3256
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SOURCE Bitwave | https://www.mysuncoast.com/prnewswire/2022/07/26/bitwave-achieves-built-netsuite-status/ | 2022-07-26T13:20:36Z |
SAN DIEGO, May 17, 2022 /PRNewswire/ -- At the invitation of the organizer of the annual Qualcomm 5G Summit, Pudu Robotics, a global leader in commercial service robots, showcased its latest quadruped delivery robot PUDU D1, alongside SwiftBot, its newest delivery robot that optimizes the dining experience for restaurant customers during peak hours.
"With the maturation of 5G technology and its broader applicability, numerous world-leading suppliers of robots, drones, and smart devices have been collaborating with Qualcomm to accelerate innovation in cutting-edge 5G and edge AI-enabled solutions," said Pudu Robotics founder and CEO Felix Zhang. "As a pioneer in the field of commercial service robots, Pudu Robotics intends to work with Qualcomm in the long term to expand and transform the robotics sector through cutting-edge 5G technology and edge AI, with the goal of creating more efficient, autonomous, and advanced robots."
Both PUDU D1 and SwiftBot are new service robots that were launched by Pudu Robotics in March 2022. With continuous breakthroughs achieved by robot manufacturers in new materials, intelligent control, and sensory navigation, the application of quadruped robots has spread beyond the lab to real-life settings. Pudu Robotics has built the PUDU D1 in response. Also, given the ongoing innovation in and upgrade of intelligent delivery robots that have gained increasing acceptance among the general public, Pudu Robotics has created SwiftBot.
PUDU D1, which has drawn the attention of many visitors to the Summit, deploys several of Pudu Robotics' proprietary modules, including a high-performance joint module, a highly integrated motor, a high-precision reducer, and a high-performance driver. Compared with traditional wheeled robots that can only be used within a limited set of terrains, PUDU D1, by adapting itself to a much wider range of terrains and surfaces, can be used in many complex environments, including restaurants, industrial parks, and residential communities, demonstrating another of the company's breakthroughs in the realm of automated delivery.
Thanks to an efficient solution that integrates three RGBD depth sensors, dual RGB cameras and a dual LIDAR system, in tandem with a processing speed up to 15 Tera Operations per Second (TOPS), SwiftBot comes equipped with strong perceptual abilities that enable right-of-way allocation between the robot and diners in restaurants by communicating and responding to the robot's driving intentions through the integration of laser projection and multimodal interactions such as sound, expression and light.
For more information, please visit www.pudurobotics.com
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About Pudu Robotics
Shenzhen-based and founded in 2016, Pudu Robotics is a world-leading tech-focused enterprise dedicated to the design, R&D, production and sales of commercial service robots, which aims to use robots to improve the efficiency of human production and living. Pudu Robotics has been rapidly growing in recent years to become a "leader" in the global markets with coverage of over 60 countries and regions worldwide.
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SOURCE Pudu Robotics | https://www.mysuncoast.com/prnewswire/2022/05/17/pudu-robotics-showcases-two-new-delivery-robots-pudu-d1-swiftbot-qualcomm-5g-summit/ | 2022-05-17T09:58:56Z |
GOTHENBURG, Sweden, Sept. 14, 2022 /PRNewswire/ -- As the first global truck manufacturer to do so, Volvo Trucks is now starting series production of heavy electric, 44 tonne* trucks.
Volvo Trucks is beginning series production of the electric versions of the company's most important product range, its heavy-duty trucks: Volvo FH, Volvo FM, and Volvo FMX. These trucks can operate at a total weight of 44 tonnes* and the three models represent around two thirds of the company's sales.
With these new additions, Volvo Trucks has six electric truck models in series production globally – the broadest electric truck line up in the industry.
"This is a milestone and proves that we are leading the transformation of the industry. It's less than two years ago since we showcased our heavy electric trucks for the very first time. Now we are ramping up volumes and will deliver these great trucks to customers all over Europe," and later on also to customers in Asia, Australia and Latin America," says Roger Alm, President of Volvo Trucks.
Series production of Volvo's heaviest electric trucks will start in the Tuve factory in Gothenburg, Sweden and next year the factory in Ghent, Belgium will follow. Volvo produces the electric trucks on the same line as its conventional trucks, which gives high production flexibility and efficiency gains. The batteries are supplied by Volvo Trucks' new battery assembly plant in Ghent.
The demand for electric trucks is rapidly increasing in many markets, with one driving force being the need for transport buyers to shift to fossil-free transports in order to meet their sustainability goals. Volvo Trucks' electric portfolio could cover around 45% of all goods transported in Europe today.**
"We have sold around 1,000 units of our heavy electric trucks and more than 2,600 of our electric trucks in total. We expect volumes to increase significantly in the next few years. By 2030, at least 50 percent of the trucks we sell globally should be electric," comments Roger Alm.
Volvo Trucks' electric line-up of six truck models covers a wide range of applications such as city distribution and refuse handling, regional transport, and construction work.
*Gross Combination Weight (GCW)
**According to Eurostat statistics "Road Freight Transport by distance" (2018), 45% of all goods transported on road in Europe travel a distance of less than 300 km.
For further information, please contact:
Jan Strandhede
Media Relations Director, Volvo Trucks
jan.strandhede@volvo.com
+46 31 3233715, +46 765 533715
Caption: As the first global truck manufacturer to do so, Volvo Trucks is starting series production of heavy electric, 44 tonne* trucks.
Volvo Trucks supplies complete transport solutions for discerning professional customers with its full range of medium- and heavy-duty trucks. Customer support is provided via a global network of dealers with 2,200 service points in about 130 countries. Volvo trucks are assembled in 13 countries across the globe. In 2021 approximately 123,000 Volvo trucks were delivered worldwide. Volvo Trucks is part of the Volvo Group, one of the world's leading manufacturers of trucks, buses, construction equipment and marine and industrial engines. The group also provides complete solutions for financing and service. Volvo Trucks' work is based on the core values of quality, safety, and environmental care.
For more information, please visit volvogroup.com
For frequent updates, follow us on Twitter: @volvogroup
The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers' uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs almost 95,000 people and serves customers in more than 190 markets. In 2021, net sales amounted to SEK 372 billion (EUR 37 billion). Volvo shares are listed on Nasdaq Stockholm.
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SOURCE AB Volvo | https://www.kxii.com/prnewswire/2022/09/14/break-through-volvo-trucks-starts-series-production-heavy-electric-trucks/ | 2022-09-14T05:21:45Z |
ATLANTA, July 25, 2022 /PRNewswire/ -- North Highland, the leading change and transformation consultancy, has been named by Forrester among 14 Organizational Change Management providers in its report, Organizational Change Management Landscape, Q3 2022, published on July 18.
The report defines organizational change management (OCM) as "a method that companies use to evolve capabilities via people, process, and technology. Success of OCM rests with the organization's ability to continuously sense and respond to changing requirements in order to generate scale at strategic, operational, and leadership levels." The report qualified OCM providers by size, functionality type, geography and use case focus. Per the report, North Highland's top go-to-market OCM use cases include Workforce Transformation, Organizational Restructure and Process Improvement and Engineering.
"As the leading change and transformation consultancy, we're committed to helping clients cultivate adaptive, made-for-change organizations," said Navid Ahdieh, managing director, global leader of Strategy and Management Consulting at North Highland. "We believe our inclusion in Forrester's report is the latest demonstration of this commitment."
To further North Highland's investment in organizational change management, the firm continues to combine its established expertise in people-centric change and organizational transformation to serve clients and leave them with lasting capabilities.
View the report here (available to Forrester subscribers and for purchase): https://www.forrester.com/report/organizational-change-management-landscape-q3-2022/RES177733?ref_search=3162163_1658178171495
North Highland makes change happen, helping businesses transform by placing people at the heart of every decision. It's how lasting progress is made. With our blend of workforce, customer, and operational expertise, we're recognized as the world's leading transformation consultancy. We break new ground today, so tomorrow is easier to navigate. Founded in 1992, North Highland is regularly named one of the best places to work. We are a proud member of Cordence Worldwide, a global network of truly connected consultancy firms with the ability to think and deliver together. This means North Highland has more than 3,500 experts in 50+ offices around the globe on hand to partner with you.
For more information, visit www.northhighland.com or connect with us on LinkedIn, Twitter, Instagram, and Facebook.
Media contact:
Courtney James
(1) 404-850-2806
courtneylee.james@northhighland.com
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SOURCE North Highland | https://www.kxii.com/prnewswire/2022/07/25/north-highland-recognized-by-independent-research-firm-an-organizational-change-management-provider/ | 2022-07-25T13:03:38Z |
Shoppers can check out all the 2022 Fan Favorites in stores by looking for the blue heart-shaped logo
BATAVIA, Ill., July 13, 2022 /PRNewswire/ -- For the fourth year in a row, we surveyed shoppers about their favorite ALDI products. Over 100,000 loyal fans took our annual ALDI Fan Favorites survey, resulting in a variety of historic firsts. Heaps of fervent fans sharing their must-have buys? It's an ALDI thing.
A three-time former winner was voted into the new Fan Favorites "Hall of Fame," while another product won the top spot in two different categories for the first time. But the excitement didn't end there: several items were neck and neck until seconds before voting closed, keeping everyone at ALDI on the edge of their seats.
"With 100 ALDI-exclusive products to choose from across this year's Fan Favorites survey, we have first-time winners in 11 of the 13 categories," said Scott Patton, Vice President National Buying. "ALDI shoppers really appreciate our selection and know that we've put in time and effort to offer them a wide variety of products to love. The fact that they also took the time to fill out our survey just shows that #ALDILove runs deep."
- Hall of Fame: Mama Cozzi's Pizza Kitchen Take and Bake Deli Pizza*
- Get Up & Go: Specially Selected Indulgent Greek Yogurt
- What's for Dinner?: Specially Selected Ravioli
- Best for Boards: Emporium Selection Aged Reserve White Cheddar
- Dynamic Duo: Specially Selected Indulgent Greek Yogurt and fresh blueberries
- Kiddy Cravings: Simply Nature Organic White Cheddar Puffs
- Clink & Drink: Giambellino Peach Bellini
- Hydration Station: PurAqua Sparkling Flavored Water
- Pantry Staple: Simply Nature Organic Extra Virgin Olive Oil
- Produce Pick: Fresh strawberries*
- Catch of the Day: Fresh Atlantic Salmon
- Meating Your Needs: Kirkwood Fresh Chicken Tenderloins
- Pet Pick: Heart to Tail Dog Treats
* Repeat winner
In the "What's for Dinner?" category, Specially Selected Ravioli, in delicious Classic Cheese and Spinach & Mozzarella varieties, took home this year's top spot when put up against seven of its dinner table competitors. The "Catch of the Day" category also saw a runaway rookie winner with the Fresh Atlantic Salmon nabbing first place.
Mama Cozzi's Pizza Kitchen Take and Bake Deli Pizza has been an annual fave since the survey launched in 2019, even claiming the title of "Overall Fan Favorite" in 2020. This year, it continues its reign as the first ALDI Fan Favorite to be inducted into the Fan Favorites "Hall of Fame."
Following wins in 2019 and 2021, the simple strawberry, delivered fresh daily like all ALDI produce, took the prize for a third time in the "Produce Pick" category.
Giving us some excellent summer drinking inspiration, the "Clink & Drink" category saw a surprisingly close vote, with Giambellino Peach Bellini just edging out Zarita Strawberry Margarita and Belletti Prosecco for the win.
The "Dynamic Duo" category, which highlights the product pairs ALDI shoppers love to buy together, also yielded an unexpectedly close race, giving us two delectable new combos to try. Specially Selected Indulgent Greek Yogurt and fresh blueberries took home the first-place win over the widely beloved pairing of Kirkwood Breaded Chicken Filets (or "Red Bag Chicken" in ALDI fan-speak) with Specially Selected Brioche Buns.
Also of note: the Specially Selected Indulgent Greek Yogurt won twice this year, a survey first, with top spots in both the "Dynamic Duo" and "Get Up & Go" categories.
Find out more about the 2022 Fan Favorites and other award-winning ALDI products at ALDI.us/fanfavorites.
ALDI is one of America's fastest-growing retailers, serving millions of customers across the country each month. With 2,200 stores across 38 states, ALDI is on track to become the third-largest grocery retailer by store count by the end of 2022. When it comes to value, ALDI won't be beat on price. ALDI has also been No. 1 for price according to the Dunnhumby Retailer Preference Index Report for five years running. Since 1976, ALDI has offered a unique shopping experience where customers never have to compromise on quality, selection or value. In fact, 1 in 3 ALDI-brand products are award-winning.* Customers can save time and money by conveniently shopping in-store or online at shop.aldi.us. ALDI also proudly serves as a Feeding America Leadership Partner, donating 30 million pounds of food each year in an effort to end hunger in America. For more information about ALDI, visit aldi.us.
*As of February 2022, based on a survey of everyday, nationally distributed ALDI-exclusive branded products (excluding produce).
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SOURCE ALDI | https://www.kxii.com/prnewswire/2022/07/13/all-hail-mama-cozzis-pizza-first-fan-favorite-inducted-into-aldi-hall-fame/ | 2022-07-13T11:29:22Z |
NEW YORK, July 15, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for GOEV, XELA, IS, MARA, and YSG.
To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link.
- GOEV: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=GOEV&prnumber=071520225
- XELA: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=XELA&prnumber=071520225
- IS: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=IS&prnumber=071520225
- MARA: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=MARA&prnumber=071520225
- YSG: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=YSG&prnumber=071520225
(Note: You may have to copy this link into your browser then press the [ENTER] key.)
InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street. We have a wide range of tools to help investors make smarter decisions when investing in stocks or options.
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SOURCE InvestorsObserver | https://www.kxii.com/prnewswire/2022/07/15/thinking-about-buying-stock-canoo-exela-technologies-ironsource-marathon-digital-or-yatsen/ | 2022-07-15T15:18:25Z |
Pizza places face delivery driver shortage
(CNN) – Pizza places are seeing a lack of drivers, which is becoming a major problem.
Domino’s says delivery sales in the United States fell by nearly 11% during the first three months of 2022, compared to the same time last year.
Pizza Hut, likewise, saw same-store sales drop 6% in the first quarter, which officials say is linked to delivery concerns.
The obvious answer to this issue is to hire more drivers, but the U.S. job market has yet to fully recover from the COVID-19 pandemic and not as many people are applying for these positions. The rising gas prices are also a contributing factor.
At the same time, demand for pizza delivery is up for many companies.
Domino’s says its delivery rate now is 6% higher than it was in 2016.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.wibw.com/2022/05/16/pizza-places-face-delivery-driver-shortage/ | 2022-05-16T20:46:30Z |
Renewables plus storage hybrid projects can provide an opportunity to bulk-shift energy to avoid power grid congestion and costly transmission network upgrades
BOULDER, Colo., July 28, 2022 /PRNewswire/ -- A new report from Guidehouse Insights analyzes market participation models for energy storage systems (ESS), focusing on battery energy storage systems (BESSs). It explores estimated associated revenue streams across the lifetime of a BESS asset in wholesale market arbitrage opportunities and utility-scale ancillary services.
Battery energy storage systems can store energy to be used when most needed or most valuable. When installed in front-of-the-meter (FTM), BESSs can provide an array of long-term and short-term grid services which, depending on latent market and regulatory frameworks, can generate different and stackable revenue streams for related stakeholders, such as independent system operators (ISOs). According to a new report from Guidehouse Insights, BESS asset lifetime expected revenues in renewable energy shifting and ancillary services will likely reach $5,738 million and $1,488 million in 2022, respectively, and grow at respective CAGRs of 17.0% and 13.9% to reach approximately $23,586 million and $4,794 million by 2031.
"Global energy systems are transforming, with the global market for energy storage set to grow rapidly," says Serkan Birgel, research analyst with Guidehouse Insights. "Utility-scale ESSs are beginning to consolidate around four high-value applications: frequency regulation, solar plus storage, peak capacity, and resource adequacy services."
When paired with renewable power generation, renewables plus storage hybrid projects can provide an opportunity to bulk-shift energy to avoid power grid congestion, avoid costly transmission network upgrades, and provide grid capacity services and ancillary services such as frequency regulation, operating reserves, and Volt/VAR support. Profitability can further be enhanced through arbitrage opportunities. Inter-temporal wholesale power price differences can be arbitraged with fast-response ESS technologies to generate revenue, according to the report.
The report, Market Data: Evolving Market Participation Models for Energy Storage, leverages Guidehouse Insights syndicated Energy Storage research services, supplemented by interviews with market participants. Guidehouse Insights estimates that lifetime expected revenues for BESS assets will continue to grow. The Asia Pacific market is set to offer the largest opportunity by 2031, with the North American market closely following. An executive summary of the report is available for free download on the Guidehouse Insights website.
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 13,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
* The information contained in this press release concerning the report, Market Data: Evolving Market Participation Models for Energy Storage, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
Cecile Fradkin
+1.646.941.9139
cfradkin@scprgroup.com
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SOURCE Guidehouse Insights | https://www.kxii.com/prnewswire/2022/07/28/guidehouse-insights-estimates-renewable-energy-shifting-ancillary-services-applications-will-grow-respective-compound-annual-growth-rates-17-14/ | 2022-07-28T09:54:21Z |
ORLANDO, Fla., May 11, 2022 /PRNewswire/ -- SeaWorld Entertainment, Inc. (NYSE: SEAS) ("SeaWorld" or the "Company"), a leading theme park and entertainment company, announced that its Board of Directors approved a $250.0 million share repurchase program (the "Share Repurchase Program").
Under the Share Repurchase Program, the Company is authorized to repurchase shares through open market purchases, privately-negotiated transactions or otherwise in accordance with applicable federal securities laws, including through Rule 10b5-1 trading plans and under Rule 10b-18 of the Exchange Act. The Share Repurchase Program has no time limit and may be suspended or discontinued completely at any time. The number of shares to be purchased and the timing of purchases will be based on the Company's trading windows and available liquidity, general business and market conditions, and other factors, including legal requirements, debt covenant restrictions and alternative investment opportunities.
About SeaWorld Entertainment, Inc.
SeaWorld Entertainment, Inc. (NYSE: SEAS) is a leading theme park and entertainment company providing experiences that matter, and inspiring guests to protect animals and the wild wonders of our world. The Company is one of the world's foremost zoological organizations and a global leader in animal welfare, training, husbandry and veterinary care. The Company collectively cares for what it believes is one of the largest zoological collections in the world and has helped lead advances in the care of animals. The Company also rescues and rehabilitates marine and terrestrial animals that are ill, injured, orphaned or abandoned, with the goal of returning them to the wild. The SeaWorld® rescue team has helped more than 40,000 animals in need over the Company's history. SeaWorld Entertainment, Inc. owns or licenses a portfolio of recognized brands including SeaWorld®, Busch Gardens®, Aquatica®, Sesame Place® and Sea Rescue®. Over its more than 60-year history, the Company has built a diversified portfolio of 12 destination and regional theme parks that are grouped in key markets across the United States, many of which showcase its one-of-a-kind zoological collection. The Company's theme parks feature a diverse array of rides, shows and other attractions with broad demographic appeal which deliver memorable experiences and a strong value proposition for its guests.
Copies of this and other news releases as well as additional information about SeaWorld Entertainment, Inc. can be obtained online at www.seaworldentertainment.com. Shareholders and prospective investors can also register to automatically receive the Company's press releases, SEC filings and other notices by e-mail by registering at that website.
Forward-Looking Statements
In addition to historical information, this press release contains statements relating to future results (including certain projections and business trends) that are "forward-looking statements" within the meaning of the federal securities laws. The Company generally uses the words such as "might," "will," "may," "should," "estimates," "expects," "continues," "contemplates," "anticipates," "projects," "plans," "potential," "predicts," "intends," "believes," "forecasts," "future," "guidance," "targeted," "goal" and variations of such words or similar expressions in this press release and any attachment to identify forward-looking statements. All statements, other than statements of historical facts included in this press release, including statements concerning plans, objectives, goals, expectations, beliefs, business strategies, future events, business conditions, results of operations, financial position, business outlook, earnings guidance, business trends and other information are forward-looking statements. The forward-looking statements are not historical facts, and are based upon current expectations, estimates and projections, and various assumptions, many of which, by their nature, are inherently uncertain and beyond management's control. All expectations, beliefs, estimates and projections are expressed in good faith and the Company believes there is a reasonable basis for them. However, there can be no assurance that management's expectations, beliefs, estimates and projections will result or be achieved and actual results may vary materially from what is expressed in or indicated by the forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties and other important factors, many of which are beyond management's control, that could cause actual results to differ materially from the forward-looking statements contained in this press release, including among others: COVID-19 or any related mutations and its impact on the Company's business and the economy in general; failure to hire and/or retain employees; factors beyond the Company's control adversely affecting attendance and guest spending at its theme parks, including, but not limited to, weather, natural disasters, foreign exchange rates, consumer confidence, the potential spread of travel-related health concerns including pandemics and epidemics, travel related concerns, and governmental actions; complex federal and state regulations governing the treatment of animals, which can change, and claims and lawsuits by activist groups before government regulators and in the courts; activist and other third-party groups and/or media can pressure governmental agencies, vendors, partners, and/or regulators, bring action in the courts or create negative publicity about us; incidents or adverse publicity concerning the Company's theme parks, the theme park industry and/or zoological facilities; a decline in discretionary consumer spending or consumer confidence; risks affecting the States of Florida, California and Virginia which generate a significant portion of the Company's revenues such as natural disasters, closures due to pandemics, severe weather and travel-related disruptions or incidents; seasonal fluctuations in operating results, inability to compete effectively in the highly competitive theme park industry; interactions between animals and the Company's employees and its guests at attractions at its theme parks, animal exposure to infectious disease; high fixed cost structure of theme park operations; changing consumer tastes and preferences; cyber security risks and failure to maintain the integrity of internal or guest data; technology interruptions or failures that impair access to the Company's websites and/or information technology systems; increased labor costs, including wage increases, and employee health and welfare benefits; inability to grow the business or fund theme park capital expenditures, inability to realize the benefits of developments, restructurings, acquisitions or other strategic initiatives, and the impact of the costs associated with such activities; inability to remediate an identified material weakness on a timely basis; adverse litigation judgments or settlements; inability to protect the Company's intellectual property or the infringement on intellectual property rights of others; the loss of licenses and permits required to exhibit animals or the violation of laws and regulations; unionization activities and/or labor disputes; inability to maintain certain commercial licenses; restrictions in its debt agreements limiting flexibility in operating the business; inability to retain the Company's current credit ratings; the Company's leverage; inadequate insurance coverage; inability to purchase or contract with third party manufacturers for rides and attractions or construction delays; environmental regulations, expenditures and liabilities; suspension or termination of any of the Company's business licenses, including by legislation at federal, state or local levels; delays, restrictions or inability to obtain or maintain permits; financial distress of strategic partners or other counterparties; tariffs or other trade restrictions; actions of activist stockholders; the ability of Hill Path Capital LP and its affiliates to significantly influence its decisions; the policies of the U.S. President and his administration or any change to tax laws; changes in the method for determining LIBOR and the potential replacement of LIBOR may affect its cost of capital; mandates related to COVID-19 vaccinations for employees; changes or declines in its stock price, as well as the risk that securities analysts could downgrade the Company's stock or its sector; risks associated with the Company's capital allocation plans and share repurchases, including the risk that its share repurchase program could increase volatility and fail to enhance stockholder value and other risks, uncertainties and factors set forth in the section entitled "Risk Factors" in the Company's most recently available Annual Report on Form 10-K, as such risks, uncertainties and factors may be updated in the Company's periodic filings with the Securities and Exchange Commission ("SEC"). Although the Company believes that these statements are based upon reasonable assumptions, it cannot guarantee future results and readers are cautioned not to place undue reliance on these forward-looking statements, which reflect management's opinions only as of the date of this press release. There can be no assurance that (i) the Company has correctly measured or identified all of the factors affecting its business or the extent of these factors' likely impact, (ii) the available information with respect to these factors on which such analysis is based is complete or accurate, (iii) such analysis is correct or (iv) the Company's strategy, which is based in part on this analysis, will be successful. Except as required by law, the Company undertakes no obligation to update or revise forward-looking statements to reflect new information or events or circumstances that occur after the date of this press release or to reflect the occurrence of unanticipated events or otherwise. Readers are advised to review the Company's filings with the SEC (which are available from the SEC's EDGAR database at www.sec.gov and via the Company's website at www.seaworldinvestors.com).
CONTACT:
Investor Relations:
Matthew Stroud
Investor Relations
855-797-8625
Investors@SeaWorld.com
Media:
Lisa Cradit
SVP – Head of Communications
(646) 245-2476
Lisa.cradit@seaworld.com
Libby Panke
FleishmanHillard
(314) 719-7521
Libby.Panke@fleishman.com
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SOURCE SeaWorld Entertainment, Inc. | https://www.mysuncoast.com/prnewswire/2022/05/11/seaworld-entertainment-inc-announces-share-repurchase-program/ | 2022-05-11T23:10:56Z |
Off-duty volunteer firefighter rescues sleeping neighbor from house fire
MANSFIELD TOWNSHIP, N.J. (WPVI) - A volunteer firefighter in New Jersey sprang into action when his neighbor’s house caught fire, kicking down the door and rescuing a person inside.
One neighbor says she and her son saw smoke from their sunroom around 6:40 p.m. Sunday, just 10 minutes after a fire started at a two-story home in Mansfield Township, New Jersey.
“He saw the flames shooting up and realized it was his best friend’s house that was on fire,” the neighbor said.
A fast-thinking, off-duty volunteer firefighter who lives nearby stepped in to help, neighbors say.
“He was able to come over, kick the door in and get the kid out because he was asleep upstairs… I’m just glad he was able to do that for him,” the neighbor said.
Multiple fire agencies throughout Burlington County were called to help, with more than 50 firefighters assisting. The firefighters first on scene arrived at the home in less than five minutes, but by that time, the man inside was safe.
However, the damage to the home was severe, and it was deemed a total loss. The homeowner’s pets – two bunnies and a snake – died in the fire.
But neighbors say it could have been worse if it wasn’t for the brave volunteer firefighter.
“Houses can be rebuilt. I’m just grateful that my son’s friend and all his friends are OK,” the neighbor said.
The county fire marshal is leading the investigation into the case.
Copyright 2022 WPVI via CNN Newsource. All rights reserved. | https://www.mysuncoast.com/2022/08/23/off-duty-volunteer-firefighter-rescues-sleeping-neighbor-house-fire/ | 2022-08-23T05:47:23Z |
The Global Gift Foundation Gala hosted premiere of two NFT's commissioned by Marina Picasso titled 'Super Nurse' - a tribute to the art of a 14-year-old daughter of a nurse.
'Super Nurse' NFT's sell at Global Gift Foundation Gala for $50,000 each.
NEW YORK, Sept. 8, 2022 /PRNewswire/ --Marina Picasso, granddaughter of the iconic artist Pablo Picasso, recently learned of the work of the charity Nurse Heroes and their efforts to raise awareness of the accelerating global shortage of nurses. Marina explained, "If nothing changes, within three years we'll have a shortage of 2 million nurses in Europe, and 1 million in the United States, it's a similar trend around the world." Nurse Heroes was founded by a group of motivated philanthropists, from Carlyle Global Partners, to help create a future without a shortage of nurses by building awareness of the accelerating shortage and funding scholarships to train the next generation of nurses. Nurse Heroes is inspiring the public to celebrate the nursing profession through a monthly art contest and celebrity concerts.
As the granddaughter of one of the art-world's most influential and accomplished artists, Marina Picasso has experienced first-hand the power of art to inform and inspire the public. Marina revealed, "The Nurse Heroes monthly art contest encourages people of all ages and genders to celebrate the nursing profession through art. I was inspired when I saw the drawing created by the 14-year-old daughter of a nurse as part of the contest titled 'Super-Nurse'. I felt this drawing was a wonderful way to show the appreciation of my family for the nursing profession by creating two NFT's as a tribute to this young artist's work."
Marina Picasso commissioned two NFT's, titled 'Super Nurse', old recently as part of the Global Gift Foundation Gala in Cannes, France, co-hosted by Eva Longoria for $50,000 each. The gala also helped raise awareness of the shortage of nurses and encouraged the public to take every opportunity to thank nurses for their service.
Alex Charlton, Nurse Heroes CEO explained, "In commissioning these wonderful NFT's, Marina stayed true to the original style of the young artist from our contest, down to the detail of the 'Registered Nurse' emblem on Super Nurse's uniform and her strong, determined stature." As Marina Picasso emphasized, "Most people know a nurse or have a family member that has been cared for by a nurse, this was a great opportunity for my family to show our support for the nursing profession."
Alex Charlton, Nurse Heroes CEO explained, "We were impressed by the way the NFT's which Marina commissioned stayed true to the original creative style and inspiration of the young artist from our contest, down to the detail of the 'Registered Nurse' emblem on Super Nurse's uniform and her strong, determined stature." As Marina Picasso emphasized, "Most people know a nurse or have a family member that has been cared for by a nurse, this was a great opportunity for my family to show our support for the nursing profession."
Building on the success of the premiere of the Super Nurse NFT, new special editions created in collaboration with Marina Picasso and benefiting select charities, will be revealed as part of an exhibition in Cannes, France on Tuesday, October 11 of this year.
About Nurse Heroes: Nurse Heroes aims to bring awareness to the accelerating shortage of nurses around the world and inspire the public to celebrate the nursing profession through the arts.
About Global Gift Foundation: The Global Gift Foundation is a philanthropic organization that aims to create a positive impact on the lives of children, women and families who are in need.
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SOURCE Carlyle Global Partners | https://www.wibw.com/prnewswire/2022/09/08/marina-picasso-granddaughter-pablo-picasso-inspires-nft-collectors-support-nursing-profession/ | 2022-09-08T14:09:11Z |
Mallinckrodt plc Reports Second Quarter 2022 Financial Results and Provides 2022 Financial Guidance
Published: Aug. 11, 2022 at 6:00 AM EDT|Updated: 1 hour ago
Focused on Advancing Branded Pipeline with Anticipated Launches and Bringing Existing Products to New Markets and Geographies
Committed to Strengthening Balance Sheet, with a Disciplined Capital Allocation Focus; Benefiting from Cash Generation and Significant Liquidity
Appointed New President & CEO and New Board of Directors with Deep Expertise and Decades of Leadership Experience in Pharmaceuticals, Healthcare and Finance
Conference Call and Webcast Today at 8:30 a.m. ET
DUBLIN, Aug. 11, 2022 /PRNewswire/ -- Mallinckrodt plc (OTCMKTS: MNKPF) ("Mallinckrodt" or the "Company"), a global specialty pharmaceutical company, today reported results for the second quarter ended July 1, 2022,1 and provided guidance for full year 2022.
"This quarter represented an important moment for Mallinckrodt as we began the work of turning the business around and moving forward with renewed focus on our patients, products, pipeline and people following the completion of our financial reorganization," said Siggi Olafsson, President and Chief Executive Officer. "While the Company has faced many challenges, we have a strong foundation and significant potential, which is why I am excited to lead Mallinckrodt alongside the new Board of Directors. Together, we are focused on Mallinckrodt's future and re-energizing the organization around our shared passion for making an impact on patients' lives by addressing unmet medical needs. Mallinckrodt today benefits from significant liquidity, meaningful cash flows from operations, a solid U.S. commercial platform and competitive positioning in Critical Care and Immunology. While we have work to do, the foundational pieces are in place to stabilize the core brands and return the business to sustainable growth and profitability over time."
Mr. Olafsson continued, "Our results for the quarter and our outlook for the year reflect the challenges we continue to face across the business. As we work to chart Mallinckrodt's path forward, our near-term priorities include strengthening the Company's balance sheet and continuing to generate strong cash flow; stabilizing our portfolio and maximizing opportunities for our in-market products; and investing strategically in our pipeline with a focus on potential cash contribution and return on investment. We're confident that by executing on our plans, we can create long-term value for our stakeholders while improving outcomes for patients with severe and critical conditions."
Second Quarter 2022 Financial Results1
Mallinckrodt's net sales in the second quarter included $383.7 million in the predecessor period and $85.0 million in the successor period for total net sales in the quarter of $468.7 million, as compared to $546.4 million. This reflects a decrease of 14.2% on a reported basis and 13.8% on a constant currency basis.
The Company's Specialty Brands segment reported net sales of $247.7 million in the predecessor period and $58.2 million in the successor period for a total of $305.9 million, as compared to $381.5 million. This reflects a decrease of 19.8% on a reported basis and 19.2% on a constant currency basis, primarily due to the impacts of competition on certain products including Acthar® Gel (repository corticotropin injection), INOmax® (nitric oxide) gas and Therakos® immunology platform, the continued impact of the COVID-19 pandemic to product utilization and continued payer scrutiny on overall specialty pharmaceutical spending.
Mallinckrodt's Specialty Generics segment reported net sales of $136.0 million in the predecessor period and $26.8 million in the successor period for a total of $162.8 million, as compared to $164.9 million. This reflects a decrease of 1.3% on a reported basis and 1.2% on a constant currency basis, primarily due to a reduction of dosage opioids and controlled substances active pharmaceutical ingredients (API) net sales, offset partially by net sales growth in acetaminophen (APAP).
The Company's net loss for the second quarter of 2022 included $193.5 million in the predecessor period and $63.7 million in the successor period for an aggregate net loss of $257.2 million, as compared to a net loss of $105.8 million.
Mallinckrodt's Adjusted EBITDA was $126.0 million in the predecessor period and $30.3 million in the successor period for total Adjusted EBITDA in the second quarter of $156.3 million, as compared to $199.5 million. This reflects a decrease of 21.7%, primarily due to lower net sales, negative impact from foreign currency, investments associated with the launch of StrataGraft® (allogeneic cultured keratinocytes and dermal fibroblasts in murine collagen - dsat) and launch preparedness for terlipressin, partially offset by other reductions in selling, general and administrative (SG&A) expenses and research and development (R&D) expenses as the Company has undertaken specific actions over the past year to reduce the overall cost structure.
The Company's cash balance at the end of the second quarter was $354.7 million. In addition, Mallinckrodt maintains a new undrawn $200 million accounts receivable financing facility closed in conjunction with emergence and ended the quarter with greater than $550 million in liquidity. Total principal debt outstanding at the end of the second quarter was $3.604 billion, with net debt of $3.249 billion, which differs from the balance sheet due to fresh-start accounting and excludes ongoing annual settlement payments.
Bryan Reasons, EVP and Chief Financial Officer, said, "Having eliminated more than $1.3 billion in debt principal and closed a new $200 million accounts receivable financing facility with the overhang and expense of the opioid litigation now behind us, we have a clear path forward to continue operating the business in a responsible manner and delivering benefits to patients. Looking ahead, we are focused on further reducing debt as we continue enhancing operating efficiencies and generating additional cash through the successful execution of our strategic priorities."
2022 Financial Guidance
For the full-year 2022, Mallinckrodt expects:
The Company does not provide a reconciliation of forward-looking non-GAAP guidance to the comparable GAAP measures as these items are inherently uncertain and difficult to estimate and cannot be predicted without unreasonable effort. Please see the "Reconciliation of Non-GAAP Financial Guidance" included in this release for a reconciliation of GAAP and non-GAAP financial measures for the second quarter and year to date.
Conference Call and Webcast
Mallinckrodt will hold a conference call today, August 11, 2022, at 8:30 a.m. Eastern Time to discuss the results of its financial performance for the second quarter 2022. The live call and subsequent replay can be accessed as follows:
Mallinckrodt is a global business consisting of multiple wholly owned subsidiaries that develop, manufacture, market and distribute specialty pharmaceutical products and therapies. The Company's Specialty Brands reportable segment's areas of focus include autoimmune and rare diseases in specialty areas like neurology, rheumatology, nephrology, pulmonology, ophthalmology and oncology; immunotherapy and neonatal respiratory critical care therapies; analgesics; cultured skin substitutes and gastrointestinal products. Its Specialty Generics reportable segment includes specialty generic drugs and active pharmaceutical ingredients. To learn more about Mallinckrodt, visit www.mallinckrodt.com.
Mallinckrodt uses its website as a channel of distribution of important company information, such as press releases, investor presentations and other financial information. It also uses its website to expedite public access to time-critical information regarding the Company in advance of or in lieu of distributing a press release or a filing with the U.S. Securities and Exchange Commission (SEC) disclosing the same information. Therefore, investors should look to the Investor Relations page of the website for important and time-critical information. Visitors to the website can also register to receive automatic e-mail and other notifications alerting them when new information is made available on the Investor Relations page of the website.
NON-GAAP FINANCIAL MEASURES
This press release contains financial measures, including adjusted EBITDA, adjusted gross profit, adjusted SG&A, adjusted R&D, net sales growth on a constant-currency basis, and net debt, which are considered "non-GAAP" financial measures under applicable SEC rules and regulations.
Adjusted EBITDA represents net income or loss prepared in accordance with accounting principles generally accepted in the U.S. ("GAAP") and adjusted for certain items that management believes are not reflective of the operational performance of the business. Adjustments to GAAP amounts include, as applicable to each measure, interest expense, net; income taxes; depreciation; amortization; restructuring charges, net; non-restructuring impairment charges; discontinued operations; changes in fair value of contingent consideration obligations; significant legal and environmental charges; separation costs; unrealized gain or loss on equity investment; reorganization items, net; share-based compensation; fresh-start inventory-related expenses; and other items identified by the company.
Segment net sales growth on a constant-currency basis measures the change in segment net sales between current- and prior-year periods using a constant currency, the exchange rate in effect during the applicable prior-year period.
Net debt as of July 1, 2022 represents the total principal debt outstanding of $3.604 billion, less cash of $354.7 million, each as prepared in accordance with GAAP.
The company has provided these adjusted financial measures because they are used by management, along with financial measures in accordance with GAAP, to evaluate the company's operating performance. In addition, the company believes that they will be used by certain investors to measure Mallinckrodt's operating results. Management believes that presenting these adjusted measures provides useful information about the company's performance across reporting periods on a consistent basis by excluding items that the company does not believe are indicative of its core operating performance.
These adjusted measures should be considered supplemental to and not a substitute for financial information prepared in accordance with GAAP. The company's definition of these adjusted measures may differ from similarly titled measures used by others.
Because adjusted financial measures exclude the effect of items that will increase or decrease the company's reported results of operations, management strongly encourages investors to review the company's consolidated financial statements and publicly filed reports in their entirety. A reconciliation of certain of these historical adjusted financial measures to the most directly comparable GAAP financial measures is included in the tables accompanying this release.
Further information regarding non-GAAP financial measures can be found on the Investor Relations page of the company's website.
Predecessor – Successor Presentation
Our financial results for the period June 17, 2022 through July 1, 2022 reflects the Successor period, while the period April 2, 2022 through, and including, June 16, 2022 and the period January 1, 2022 through, and including, June 16, 2022 reflects the Predecessor periods. As a result of the application of fresh-start accounting, our financial statements for periods prior to the Effective Date are not comparable to those for periods subsequent to the Effective Date. Operating results for the Successor and Predecessor periods are not necessarily indicative of the results to be expected for a full fiscal year.
Our results of operations as reported in our unaudited condensed consolidated financial statements for the Successor and Predecessor periods are in accordance with GAAP. The presentation of the combined financial information of the Predecessor and Successor for the three and six months ended July 1, 2022 is not in accordance with GAAP. However, we believe that for purposes of discussion and analysis, the combined financial information is useful for management and investors to assess our ongoing financial and operational performance and trends. Accordingly, in addition to presenting our results of operations as reported in our unaudited condensed consolidated financial statements in accordance with GAAP, certain tables and discussion included within this release also present the combined results for the three and six months ended July 1, 2022.
CAUTIONARY STATEMENTS RELATED TO FORWARD-LOOKING STATEMENTS
Statements in this document that are not strictly historical, including statements regarding future financial condition and operating results, legal, economic, business, competitive and/or regulatory factors affecting Mallinckrodt's businesses, and any other statements regarding events or developments Mallinckrodt believes or anticipates will or may occur in the future, may be "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of risks and uncertainties.
There are a number of important factors that could cause actual events to differ materially from those suggested or indicated by such forward-looking statements and you should not place undue reliance on any such forward-looking statements. These factors include risks and uncertainties related to, among other things: the effects of the Chapter 11 cases on the liquidity, results of operations and businesses of Mallinckrodt and its subsidiaries; governmental investigations and inquiries, regulatory actions and lawsuits brought against Mallinckrodt by government agencies and private parties with respect to its historical commercialization of opioids, including the agreement set forth in the Plan regarding a global settlement to resolve all opioid-related claims; the settlement set forth in the Plan with governmental parties to resolve certain disputes relating to Acthar Gel; the ability to maintain relationships with Mallinckrodt's suppliers, customers, employees and other third parties as a result of, and following, the Chapter 11 cases; the possibility that Mallinckrodt may be unable to achieve its business and strategic goals even now that the Plan is successfully consummated; the non-dischargeability of certain claims against Mallinckrodt as part of the bankruptcy process; developing, funding and executing Mallinckrodt's business plan and continuing as a going concern; Mallinckrodt's post-bankruptcy capital structure; scrutiny from governments, legislative bodies and enforcement agencies related to sales, marketing and pricing practices; pricing pressure on certain of Mallinckrodt's products due to legal changes or changes in insurers' reimbursement practices resulting from recent increased public scrutiny of healthcare and pharmaceutical costs; the impact of the outbreak of the COVID-19 coronavirus; the reimbursement practices of governmental health administration authorities, private health coverage insurers and other third-party payers; complex reporting and payment obligations under the Medicare and Medicaid rebate programs and other governmental purchasing and rebate programs; cost containment efforts of customers, purchasing groups, third-party payers and governmental organizations; changes in or failure to comply with relevant laws and regulations; Mallinckrodt's and its partners' ability to successfully develop or commercialize new products or expand commercial opportunities; Mallinckrodt's ability to navigate price fluctuations; competition; Mallinckrodt's and its partners' ability to protect intellectual property rights; limited clinical trial data for Acthar Gel; clinical studies and related regulatory processes; product liability losses and other litigation liability; material health, safety and environmental liabilities; potential indemnification liabilities to Covidien pursuant to the separation and distribution agreement; business development activities; retention of key personnel; the effectiveness of information technology infrastructure including cybersecurity and data leakage risks; customer concentration; Mallinckrodt's reliance on certain individual products that are material to its financial performance; Mallinckrodt's ability to receive procurement and production quotas granted by the U.S. Drug Enforcement Administration; complex manufacturing processes; conducting business internationally; Mallinckrodt's ability to achieve expected benefits from restructuring activities; Mallinckrodt's significant levels of intangible assets and related impairment testing; labor and employment laws and regulations; natural disasters or other catastrophic events; Mallinckrodt's substantial indebtedness, its ability to generate sufficient cash to reduce its indebtedness and its potential need and ability to incur further indebtedness; Mallinckrodt's ability to generate sufficient cash to service indebtedness even now that the prepetition indebtedness has been restructured; restrictions on Mallinckrodt's operations contained in the agreements governing Mallinckrodt's indebtedness; Mallinckrodt's variable rate indebtedness; future changes to U.S. and foreign tax laws or the impact of disputes with governmental tax authorities; and the impact of Irish laws.
The "Risk Factors" section of Mallinckrodt's most recent Annual Report on Form 10-K and other filings with the SEC identify and describe in more detail the risks and uncertainties to which Mallinckrodt's businesses are subject. The forward-looking statements made herein speak only as of the date hereof and Mallinckrodt does not assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events and developments or otherwise, except as required by law.
CONTACTS
Investor Relations Daniel J. Speciale Global Corporate Controller and Chief Investor Relations Officer 314-302-6567 daniel.speciale@mnk.com
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.mysuncoast.com/prnewswire/2022/08/11/mallinckrodt-plc-reports-second-quarter-2022-financial-results-provides-2022-financial-guidance/ | 2022-08-11T11:15:25Z |
A drug is available for monkeypox patients who have or who are at risk of severe disease, but doctors say they continue to face challenges getting access to it.
The US Food and Drug Administration hasn't approved tecovirimat -- sold under the brand name Tpoxx -- specifically for use against monkeypox, but the US Centers for Disease Control and Prevention has made the drug available from the Strategic National Stockpile through expanded access during the global outbreak that has caused about 5,800 probable or confirmed cases in the US.
Tpoxx was FDA-approved in 2018 as the first drug to treat smallpox, a virus in the same family as monkeypox. The World Health Organization declared smallpox eradicated in 1980, but concerns that the virus could be weaponized drove the US government to stockpile more than 1.7 million courses of the drug in case of a bioterrorism event. Tpoxx is approved in the European Union to treat monkeypox as well as smallpox.
It can be taken intravenously or more commonly as an oral pill.
Tpoxx is considered experimental when it comes to monkeypox treatment because there's no data to prove its effectiveness against the disease in humans. Its safety was assessed in healthy humans before its FDA approval for smallpox, and its effectiveness has been tested in animals infected with viruses related to smallpox, including monkeypox.
As the ongoing outbreak increases demand for the drug, the FDA and CDC recently eased some of the administrative requirements that health care providers face when requesting access.
However, doctors across the country suggest that significant barriers remain, causing some patients to wait days for shipments or travel to find medical centers that can provide the product at all.
"Patients are trying hard to get this medication, even going out of city or out of state in some cases," said Dr. Peter Chin-Hong, an infectious disease physician at UCSF Health. His hospital has fielded calls from patients throughout California as well as from Colorado and even Canada and the UK, all hoping to get treatment.
Health agencies cut red tape, but challenges persist
The CDC says doctors may want to use Tpoxx for people who have monkeypox symptoms in particularly hazardous areas like the eyes, mouth, genitals or anus. It may also be used in people with severe symptoms like sepsis or brain inflammation, or in people at high risk of severe illness, including those with weakened immune systems because of conditions like HIV/AIDS, those with skin conditions like eczema, children, pregnant women and people with other complications like a bacterial skin infection.
Many people who have gotten sick during the outbreak have had mild symptoms and have recovered without treatment, but some doctors say they've seen more patients with severe disease than they expected.
Dr. Mary Foote, medical director of the New York City Department of Health and Mental Hygiene, said in late July that about 20% to 25% of patients there have met the criteria for Tpoxx. As of July 23, the treatment had been prescribed for about 215 out of 839 confirmed cases.
"Anecdotally, of the providers that we've spoken to, we've seen, very commonly, significant improvements within just a few days of starting and improvements in pain. And very significantly, we have not seen any significant adverse events reported and very few even mild adverse events. Some headaches, nausea. But that's pretty much it," Foote said.
However, it's unclear what proportion of the more than 5,000 probable or confirmed cases nationwide have been treated with Tpoxx. CDC officials said in a webinar that more than 223 people had been treated as of July 22, but the agency did not respond to requests for a more specific number.
Experts say the number who've been treated is probably a fraction of those eligible.
"I think a majority of patients don't have access," Chin-Hong said. He's seen firsthand how hard it can be to get the drug.
Chin-Hong treated Kevin Kwong, 34, after he developed painful lesions all over his hands, feet and face that spread to his back, thighs and scalp.
"There were moments I could barely swallow food because of the sores in the back of my throat," Kwong said. Lesions near his eye threatened to have long-term effects on his vision.
But after his symptoms began, it took about five days for Kwong to get to a facility where he could get Tpoxx. He spent four days doing telehealth visits and going to urgent cares and emergency rooms as his rash worsened before doctors finally suspected monkeypox -- and even then, he says, they didn't know how to treat him and sent him home.
But his symptoms only got worse, and he went back to the ER before being advised to go to the UCSF Medical Center because it was treating monkeypox patients. Exhausted and frustrated, he agreed out of desperation. He got there in the middle of the night; several hours later, he met Chin-Hong and took his first dose of Tpoxx.
"He had to push through and get to a county that has Tpoxx and go to the emergency room in the hospital he knew might offer him therapy because the place where he comes from doesn't have therapy," Chin-Hong said. "If he didn't advocate for himself, he would have never gotten Tpoxx."
To get Tpoxx, a patient must sign a consent form from the CDC, and doctors must request access from the CDC or their local health department, which involves submitting things like lab tests and consent forms. The CDC and the FDA recently reduced the amount of paperwork needed, made certain tests and photo requirements optional, and allowed health-care workers to start treatment before paperwork is submitted.
"They have made it easier, but it still requires additional time, efforts and resources to be able to prescribe it," Dr. Jason Zucker, an infectious disease specialist at Columbia University Irving Medical Center.
Chin-Hong says that aside from the paperwork, there's a high "activation energy" that clinics and hospitals face because the drug is considered experimental for monkeypox and some hospitals and institutions require additional reviews for such treatments. As a result, Tpoxx has been disproportionately used in larger academic medical centers that have better infrastructure for working through such processes.
"We have this interesting situation -- and it was like that in Covid too -- where a county that doesn't have Tpoxx will negotiate with another county and the hospital to take the patient if they are still ill and would need Tpoxx. So we may get another patient like that from another county in the East Bay today." Chin-Hong said of the UCSF Medical Center.
A Pennsylvania man named Adam says it also took him several days to get access to Tpoxx.
Adam had a fever, swollen lymph nodes and body aches, he told CNN Chief Medical Correspondent Dr. Sanjay Gupta. The rashes that characterize monkeypox appeared around his groin, arms, throat and face.
"I would kind of liken it to a crossbreed of Covid, strep throat, mono, kind of all those things together is how monkeypox felt, in addition to the pox, which, that was an experience for sure," he said.
His doctors were concerned that one lesion under an eyelash could affect his vision.
"He had a lesion on the inside of his lid, but if that would rupture, he would auto-inoculate his eye and could get a keratitis," said Dr. Stacy Lane of the Central Outreach Wellness Center in Pittsburgh, who treated Adam. She worried that it could put him at risk of blindness.
"By the time I was initially seen and talked about the eyeball, I wasn't put on the antiviral until almost a week later," Adam said.
In Adam's case, his doctor's office didn't have Tpoxx on hand, and after putting in the request, it took four days for it to get there from a distribution center.
The Pennsylvania Department of Health said in an email that it typically takes a couple days after a doctor orders Tpoxx for it to get to a health-care provider, since the CDC must first get the product to local public health sites.
"There are different processes in different states and in different hospitals. Every region or every area will have its own problem," said Dr. Aaron Glatt, chief of infectious diseases at Mount Sinai South Nassau in New York. "If you're a private physician or your clinic doesn't have access to Tpoxx immediately, you might have it shipped from the national stockpile, and you have to have a full process -- you know, guidelines, shipping itself takes time, filling out the paperwork -- so that can take a couple of days.
"In New York City, you're able to e-prescribe with certain pharmacies that would be able to make sure the appropriate paperwork is filled out to go and have that delivered in a much faster time," he said.
How clinical trials could help
Irving Medical Center's Zucker says the process of prescribing Tpoxx involves weighing the risks and benefits for each person. Although some doctors have reported cases in which they think the drug may have been beneficial, the CDC says that evidence of how well it works in humans has been limited to "drug levels in blood" and "a few case studies."
Tpoxx's safety was assessed through a study of 359 healthy people before it got FDA approval. Because smallpox has been eradicated since 1980, the drug's benefits were evaluated through trials on animals that were infected with related viruses including monkeypox virus. There is no human trial data to prove that it's effective in treating monkeypox.
"Any time that we're using a new medication, it's important that we do randomized controlled trials because it's really the only way to know whether it works," Zucker said. Randomized controlled trials are studies that evaluate how well a drug works in a group of people who get the drug compared with a group of people who don't.
Zucker said he's unsure whether such trials would be ethical in people who qualify for Tpoxx, since some of the participants would get a useless placebo instead.
Dr. Jay Varma, a professor of population health sciences at Weill Cornell Medical College, believes that such trials are ethical in mild cases, people who have been exposed or are at risk of exposure, and children and pregnant women.
"There is a need to get high-quality data about the risks and benefits of Tpoxx," Varma said.
Zucker said trials would not only help generate much-needed data on how to use Tpoxx, they would help expand access in two ways. First, clinical data could help the drug qualify for a different type of regulatory approval that allows broader access with fewer hurdles. Second, trials could help ease access for people who don't qualify under the current Expanded Access protocol, such as those with milder disease.
"Historically, antivirals are better earlier than later, but we have to prove it," Zucker said, adding that there are plans underway for a US monkeypox trial for Tpoxx.
Varma compared the challenges of limited access and clinical data to the early days of the Covid-19 pandemic.
"The unfortunate parallel is that the US is behind the UK and Europe in running these trials," he said.
Lane said she's hopeful that the CDC and public health departments will continue to work toward better access to the medication. But her expectations are measured.
"Until the FDA approves this for monkeypox or the National Stockpile releases the stockpile for more normal distribution, this is where we're at," she said.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/features/health/access-to-experimental-monkeypox-treatment-remains-uneven-doctors-say/article_738cf300-f9f9-5ce5-a334-06227f0794eb.html | 2022-08-02T12:53:01Z |
NEW YORK, Aug. 18, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ENDP, FCEL, SAVA, CDAK, and TEVA.
To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link.
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InvestorsObserver's PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock's overall suitability for investment.
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SOURCE InvestorsObserver | https://www.kxii.com/prnewswire/2022/08/18/thinking-about-buying-stock-endo-international-fuelcell-energy-cassava-sciences-codiak-biosciences-or-teva-pharmaceutical/ | 2022-08-18T16:27:53Z |
— Leading Specialty CDMO's Continued Growth Recognized by Prominent Business Media Property —
NORTH BRUNSWICK, N.J., Sept. 8, 2022 /PRNewswire/ -- Ascendia Pharmaceuticals announces it has been named to the prestigious Inc. 5000 rankings of the fastest growing privately-owned companies in the United States for the third consecutive year, based upon Ascendia's 180% growth. The list represents the leading companies within the American economy's independent small businesses. Inc. magazine's list and its ranking are measured on the percentage of revenue growth rate from 2018 to 2021.
Ascendia is a leading pharmaceutical contract formulation development and manufacturing organization (CDMO) for biologicals and gene deliveries, as well as small molecules. Ascendia was one of only 37 New Jersey companies to be included in the Inc. 5000 and was 40th in the health products industry.
"Our talented team at Ascendia has worked together to achieve tremendous success that is once again earned us an Inc. 5000 ranking. We expect to continue to grow, evident by the expansion of our state-of-the-art facility and 100% employee growth year-over-year. Ascendia is poised to offer more services to the pharmaceutical/biotech industry that will aid in our growth but more importantly help develop drugs to better treat society," said Ascendia founder and CEO Jim Huang, Ph.D.
Each year the Inc. 5000 lists seemingly become more competitive. Many of those that have garnered a spot on the list have shown growth within their ratings and revenues. Together, the companies on the list have added more than 1.1 million jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found on the Inc. website.
The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including web sites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
Ascendia Pharmaceuticals is a leading specialty CDMO that makes the insoluble soluble through a comprehensive suite of pre-formulation, formulation development, cGMP manufacturing, and ICH stability services for all dosage forms using proprietary nano-technologies in nanoemulsion, nanoparticles, and amorphous technology platforms. The company built its foundation of success on its customer-centric culture that exudes its BEST philosophy (Brilliant technology, Excellent service, Superior quality, and Trust).
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Medical examiner: Jayland Walker shot, grazed, 46 times by Akron police
AKRON, Ohio (AP) — Jayland Walker, the 25-year-old Black man killed in a hail of police gunfire in the Ohio city of Akron last month, was shot or grazed 46 times, according to a preliminary autopsy report released Friday by the Medical Examiners Office in Summit County.
Dr. Lisa Kohler, the Summit County medical examiner, says it was impossible to say which bullet killed Walker or the number of shots that were fired.
Walker “had several very devastating injuries that would cause death,” including injuries to his heart, lungs and arteries, Kohler said.
He had five wounds in his back, but it’s impossible to say whether those came as he ran away or turned as he was being shot, Kohler said.
The medical examiner gave a summary of the report into Walker’s death at a news conference. The report was finalized Thursday.
Preliminary findings released earlier indicated Walker’s body had more than 60 wounds. Greta Johnson, Summit County communications director, said Friday it was “very possible” that one bullet could cause several different entrance wounds.
The June 27 pursuit began when officers tried to pull him over for equipment violations. Authorities say Walker fired a gunshot from his car 40 seconds into the chase.
An attorney for Walker’s family says there was no need for officers to kill him.
The update comes a day after the NAACP made a direct plea to Attorney General Merrick Garland for the Justice Department to open a federal civil rights investigation into the shooting death.
Police said Walker fled an attempted traffic stop for minor equipment violations and fired a shot from his car during the vehicle chase, but he wasn’t armed when officers shot him.
Police body camera footage shows Walker wearing a ski mask, jumping out the front passenger door of his still-moving car and then running into a parking lot where police opened fire. That blurry footage does not clearly show what authorities say was a threatening gesture made by Walker before he was shot.
An unloaded handgun, an ammunition clip and what appeared to be a wedding band were found on the front driver’s seat of Walker’s car, authorities said.
The officers involved are on paid leave while the state investigates the shooting. Seven of those officers are white, and one is Black. None of them has a record of discipline, substantiated complaints or fatal shootings, according to the police department.
The local police union has said the officers thought there was an immediate threat of serious harm, and that it believes their actions and the number of shots will be found justified in line with their training and protocols.
Police in neighboring New Franklin Township had tried to stop and then chased a car matching Walker’s for the same minor equipment violations less than 24 hours before the Akron chase. A supervisor there called off the pursuit when the car crossed the township’s border with Akron.
Bobby DiCello, an attorney for Walker’s family, has said Walker did not deserve to die. DiCello said after Walker’s funeral service that he will hold police accountable for every round fired from their guns.
___
Associated Press writer Andrew Welsh-Huggins in Columbus contributed to this report.
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/07/15/medical-examiner-jayland-walker-shot-grazed-46-times-by-akron-police/ | 2022-07-15T14:53:26Z |
Amber Alert issued for missing Arkansas boy believed to be in danger
WEST MEMPHIS, Ark. (KAIT/Gray News) - An Amber Alert has been issued for 4-year-old Caleb Johnson, who is believed to be in danger, KAIT reported.
Caleb’s mother, Skyla Byles, picked him up from day care Monday morning and texted his grandmother saying that she would harm herself and the child.
Caleb is a Black male with black hair and brown eyes. He weighs 35 pounds and was last seen wearing a blue polo shirt with a yellow symbol, khaki pants and tan Air Force One tennis shoes.
Byles is a Black female with red hair. She is 5-foot-3.
The two were last seen in a white 2020 Jeep Cherokee with Arkansas license plate AAR74T.
Those with any information about Caleb or Byles are asked to call the West Memphis Police Department at (870) 735-1210.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/08/29/amber-alert-issued-missing-arkansas-boy-believed-be-danger/ | 2022-08-29T19:15:29Z |
New integrations open innovative paths to revenue for B2B growth teams
SANTA CLARA, Calif., Sept. 7, 2022 /PRNewswire/ -- LeanData, the modern revenue orchestration platform for today's growth leaders, today introduced new out-of-the-box integrations with popular sales and marketing solutions from 6sense, Clearbit, Cloudingo, Cognism, Crossbeam, Kronologic, Microsoft Teams, SalesIntel, Sendoso and UserGems.
LeanData's newest integrations significantly expand its ecosystem of long-standing integrations, which includes Salesloft, Slack, Outreach and others.
LeanData's Revenue Orchestration platform features flexible, easy, drag-and-drop workflows which seamlessly orchestrate data, processes and plays across Salesforce CRM and leading third-party applications in the revenue tech stack.
With LeanData's integrations, customers can now seamlessly:
- Ingest unique buyer signals with 6sense and UserGems.
- Enrich records with 6sense, Clearbit, Cognism, SalesIntel and others.
- Improve data quality with Cloudingo.
- Strengthen partner co-selling motions with Crossbeam.
- Trigger cadences with Salesforce Sales Engagement, Salesloft and Outreach.
- Send tailored calendar invites with Kronologic.
- Integrate gifting plays with Sendoso.
- Deliver real-time notifications with Slack and Microsoft Teams.
"We've released highly successful integrations in recent years based on customer demand—and their momentum continues to grow," said Hendrick Lee, Chief Product Officer, LeanData. "We're committed to leveraging synergies between LeanData and the products and solutions customers have adopted to power their revenue engines."
Later this month, LeanData will showcase its new integrations alongside partners at OpsStars 2022. Held alongside Salesforce's Dreamforce event, the seventh-annual OpsStars conference will take place September 21-22 at The San Francisco Mint in San Francisco, Calif. To register, visit www.ops-stars.com.
About LeanData
Today's growth leaders are powering their B2B selling with LeanData, the gold standard in modern revenue orchestration and an essential element of the modern RevTech stack. The LeanData Revenue Orchestration Platform, powered by No-Code Automation, simplifies and accelerates coordination of all the plays, people and processes needed to transform buyer signals into buying decisions. LeanData is inspiring a global movement among its 800+ customers and community of 5000+ OpsStars worldwide, empowering them with revenue operations excellence that translates into compelling buyer experiences and competitive advantage. See www.leandata.com.
Ignacio Ramirez
Switch PR
ignacio@switchpr.com
+1 415.517.6708
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SOURCE LeanData | https://www.mysuncoast.com/prnewswire/2022/09/07/leandata-debuts-significant-expansion-revtech-integrations-ecosystem/ | 2022-09-07T16:31:41Z |
Five9 will resell the Aceyus VUE solution on the Five9 CX Marketplace, providing actionable data to contact centers.
CHARLOTTE, N.C., Sept. 1, 2022 /PRNewswire/ -- Aceyus, a global leader in customer experience, reporting, and analytics, is excited to announce an expanded partnership with Five9, an industry-leading provider of the intelligent cloud contact center.
The partnership authorizes Five9 to resell Aceyus VUE, a software solution that delivers complete data aggregation to help contact center agents increase productivity, improve customer experience, and pinpoint trends to improve employee experience.
Aceyus VUE eliminates data silos, integrates multi-domain solutions as well as addressing hierarchy, BI, and AI visualization needs for enterprise businesses. The Five9 platform facilitates billions of call minutes annually and provides digital engagement, analytics, workflow automation, workforce optimization, and practical AI to create more human customer experiences, engage and empower contact center agents, and deliver tangible business results.
Aceyus VUE is now available on the Five9 CX Marketplace, making it easy for businesses to integrate the Aceyus VUE solution with the Five9 Intelligent Cloud Contact Center. Aceyus and Five9 already have numerous deployments in place around the globe that accommodate agent seats numbering in the tens of thousands.
"The scalability and adaptability of Aceyus VUE makes it an optimal data-management platform for Five9 to feature in its CX Marketplace," says Mike Ary, Aceyus' CEO, President, and Co-Founder. "We look forward to providing Five9 and its customers with exceptional products, service, and support."
"We value our partnership with Aceyus, and this expansion enables us to directly offer our customers a solution to aid in visibility to critical data," says Jake Butterbaugh, SVP, Global Partner Sales, Five9. "We are thrilled to now offer Aceyus VUE on our CX Marketplace, where we innovate with our partners to build and offer enterprise customers cloud solutions to make agents happier and to deliver more productive customer experiences."
Aceyus specializes in data management, transformation, integration, and standardization in the contact center space. Aceyus easily adapts to the constant changes of customer interactions, resulting in higher productivity and customer satisfaction. Aceyus is proud to work with many innovative global customers and government organizations.
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SOURCE Aceyus | https://www.mysuncoast.com/prnewswire/2022/09/01/aceyus-five9-expand-partnership-help-contact-centers-improve-productivity-customer-employee-experience/ | 2022-09-01T16:21:46Z |
LUND, Sweden, June 20, 2022 /PRNewswire/ -- Oncorena AB, which is developing a new and potentially groundbreaking treatment for patients with advanced kidney cancer, announces that the Board of Directors of Oncorena AB has appointed Professor Börje Haraldsson as CEO of the company, effective as of today. He thus succeeds Dr. Lars Grundemar, who will leave the company.
Professor Börje Haraldsson (MD, PhD, FASN, FAST) is one of the founders of Oncorena. He has played a crucial role in the development of Oncorena's drug candidate orellanine and is considered a world leader in clinical and experimental renal research. Since February 2022, he has been Chief Scientific Officer and part of the company's management team. Prior to that he held a management position at Novartis in Basel, Switzerland.
"I and the Board as a whole are delighted that Börje Haraldsson is expanding his involvement in Oncorena and takes on the role as CEO of the company. Oncorena is now entering a dynamic clinical phase where all R&D aspects will be managed, so Börje's experience of managing projects and companies fits fantastically well with the company's strategy. I also look forward to taking part of Börje's leadership and the development of the Oncorena team," says Oncorena's Chairman Andreas Segerros. "There is a high unmet medical need for better treatment options for patients with advanced kidney cancer undergoing dialysis and we hope that our clinical development work will benefit patients in the future. I would like to take this opportunity to thank Lars Grundemar for his contribution to Oncorena's growth phase, from preclinical to clinical phase, and wish him every continued success."
"It is with humble gratitude that I have recognized the confidence of the Board. Under Lars Grundemar's leadership, Oncorena has secured Series A funding and initiated the first clinical study. Thanks to this, the company is well positioned when I now take over the CEO role," says Börje Haraldsson.
For further information, please contact
Andreas Segerros, Chairman of the Board, Oncorena AB
E-mail: segerros@nicox.com
Telephone +45-53 50 30 38
About the Phase I-II clinical trial
In 2021, the Swedish Medical Products Agency approved Oncorena's first clinical trial of orellanine. The Phase I-II clinical trial of orellanine enrols patients with advanced kidney cancer already on dialysis due to kidney failure. The study is conducted at the Centre for Clinical Cancer Studies at the Karolinska University Hospital in Stockholm, Sweden, and will study safety, tolerability, pharmacokinetics and signs of anti-tumour effects in treatment with a synthetic form of orellanine.
About orellanine
Orellanine, which has a new and unique mode of action, is being developed for organ-specific chemotherapy with curative potential for patients with advanced kidney cancer undergoing dialysis. Orellanine is found in mushrooms of the Cortinarius family, these are sometimes accidentally picked and eaten as they are mistaken for funnel chanterelles. The clinical effects of orellanine are well documented and are completely limited to the kidneys. Orellanine is expected to have positive effect on the two most common forms of kidney cancer: Clear-Cell and Papillary Kidney Cancer. About 90% of kidney cancer patients are affected by these types of cancer.
About kidney cancer
Approximately 400,000 patients are affected by kidney cancer globally according to the WHO. The disease can often be cured by surgery if detected in time, but unfortunately the diagnosis is often made when the tumour has already spread to other organs. The prognosis is then considerably less favourable and certain groups have a median survival of less than two years. Today the disease is treated with various types of targeted and immuno-active drugs, often with severe side effects, and standard chemotherapy drugs have limited effect. There is therefore a high and urgent unmet medical need for new, effective and safe drugs.
About Oncorena
Oncorena AB is a Swedish pharma company headquartered in Lund. The company develops a new potential breakthrough treatment for patients with advanced kidney cancer. The treatment is based on research at the University of Gothenburg, Sweden, led by professors Börje Haraldsson and Jenny Nyström. The project was initially developed with support from Vinnova, Sweden's Innovation Agency, GU Ventures at the University of Gothenburg and private business angels. Today Oncorena is mainly financed by the investment companies HealthCap, Linc AB, Fåhraeus Startup and Growth AB, as well as the biotech company AQILION AB. For more information, please visit Oncorena´s website at www.oncorena.com
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SOURCE Oncorena AB | https://www.wibw.com/prnewswire/2022/06/20/brje-haraldsson-appointed-ceo-oncorena-ab/ | 2022-06-20T08:30:11Z |
Education roundup: Stark State College names top faculty, staff
JACKSON TWP. – Stark State College has announced its top faculty and staff members for the 2021-22 school year.
Murray Hooten III, assistant director of TRIO Student Support Services, was chosen for the Distinguished Staff Award; Nathan Miller, D.C., assistant professor in the biology department, received the Distinguished Teaching Award; and Carla Dalrymple, an adjunct professor in communication, was chosen for the Adjunct Excellence in Teaching Award.
Hooten, of Massillon, holds a master’s degree in education from The University of Akron and a bachelor’s degree in psychology from Baldwin-Wallace University. He has worked with Stark State’s TRiO Student Support Services since 2005, providing academic support, student success and retention services to first-generation and low-income students as well as students with disabilities.
Miller, a North Canton resident, earned his doctor of chiropractic degree and a bachelor’s degree in human biology from National University of Health Sciences. He also holds a bachelor’s degree in exercise science from Brigham Young University. He has been with the Stark State biology department since 2017 and is a TriBeta Honor Society club advisor.
Dalrymple, an Akron resident, holds a master’s degree in communication and a bachelor’s degree in English, both from University of Akron. She has been an adjunct professor in communication at Stark State since 2011.
In addition, the Stark State College Board of Trustees annually bestows Strategic Excellence Awards to recognize and reward employees who consistently exceed expectations and performance in advancing the mission of the college. The 2022 winners are full-time, student facing: Lynn Espenschied, Patricia Kincaid, Cindy Putnam and Jane Upperman; management/leadership: Lisa Gilliland and Deb Haslar; satellite: Barb Dawson; full-time, non-student facing: Jennifer Goedel and Bruce Wyder.
Central Catholic seniors receive scholarships
PERRY TWP. – Central Catholic High School seniors Alexis Perretta and Ian Paul have received scholarships from Walsh University.
Perretta, who plans to study biology or pre-med, received the Founders’ Scholarship. Paul, who intends to study biology, received the Presidential Scholarship. Each scholarship is a competitive and limited full-tuition scholarship.
The Founders Scholarship is awarded to a top scholar at each of the six Youngstown Diocesan high schools each year. The Presidential Scholarship is offered only to those who qualify and who interview for the Walsh Honors Program.
Two from Stark win BBB scholarships
CANTON – Two Stark County students have won scholarships in the BBB Charitable & Educational Fund’s fourth annual Life Lessons Essay Contest. Ella Salvino of Central Catholic High School won a $1,500 scholarship, and Emmett Blum of Minerva High School won a $500 scholarship.
BBB Life Lessons is a theme-based essay contest that challenges students to reflect on living a life of integrity and ethics. The theme for this year’s scholarship was "work ethic.” Students were asked to describe what a good work ethic means and how they have applied it in their life through school, employment, sports, extracurricular activities or personal situations. Six scholarships were awarded amounts ranging from $500 to $2,500. There were 129 essays submitted by students from 61 schools.
This year’s contest was open to the BBB serving the Canton Region & Greater West Virginia’s entire service area, which includes 12 counties in southeastern Ohio and 52 counties in West Virginia.
Hoover High student receives scholarship
Morgan Sopczak, a student from Hoover High School in North Canton, has received the $1,000 First Commonwealth Bank Scholarship, according to a news release.
Forty awards were presented this year to students in Pennsylvania and Ohio communities that First Commonwealth serves. Candidates were asked to share an essay that illustrated their commitment to academics while improving and servicing their community.
Scholarship applications being taken
The Rebecca Bricker Scholarship Committee and the Sebring-West Branch Area Community Foundation are taking applications for the Rebecca Bricker Scholarship. Bricker was a longtime kindergarten teacher with the West Branch Local School District. Her teaching skills touched many area students and gave them a head start in their educational life, according to a news release.
Two scholarships of $1,000 will be awarded. Candidates for the scholarship must be current sophomores or juniors at the college level and majoring in elementary education or a related field.
Application forms and a list of required documents are available at westbranch.k12.oh.us. Applications and related materials also can be requested from keithmartig@gmail.com. All application materials must be submitted by July 15. | https://www.cantonrep.com/story/news/2022/05/28/education-roundup-stark-state-college-names-top-faculty-staff/9911858002/ | 2022-05-28T13:03:57Z |
Disrupting the Home Design Industry by Marrying Digital Content with Authentic Brand Interaction
AUSTIN, Texas, June 23, 2022 /PRNewswire/ -- Stay Bungalow announced the debut of their first experiential home in the historic Travis Heights neighborhood of Austin, Texas, with invitations for complimentary stays distributed in July 2022. Stay Bungalow is the intersection between digital content and authentic brand interaction in a space where products were meant to live - a home. Private, self-driven, in-home experiences allow guests to naturally discover products that speak to them in a way that awakens their inherent creativity.
Barret Morgan, founder and CEO, developed Stay Bungalow to serve as a series of one-of-a-kind residential bungalows showcasing the world's premier home design and lifestyle brands. Beginning July 2022 through July 2023, architects, builders, developers, interior designers, and select affluent consumers will have the opportunity to experience a complimentary forty-eight-hour private, curated stay while enjoying tailored experiences designed specifically around the products featured throughout the home.
The Austin bungalow is a one-of-a-kind property featuring a modern exterior with a bright, open floor plan and vaulted ceilings designed by LaRue Architects, as well as high-end furnishings hand selected by the talented team at Elizabeth Krueger Design. The gourmet kitchen designed by nuHaus balances the modern architecture and warm interiors with custom cabinetry, a large waterfall island, and top-of-the-line appliances. Just minutes away from Lady Bird Lake, Downtown Austin, and South Congress, it's a chic spot to getaway while sampling the newest and most innovative products the home design industry has to offer.
"We are creating a series of unique homes showcasing the world's top brands," says Morgan. "Stay Bungalow is a complimentary, invite-only membership offered to a select group of thought leaders, creators, and disruptors who have excelled at their craft and elevated our industry."
Elevating the experience even further, Stay Bungalow is also launching a cutting-edge mobile application that will serve as their personal guide to exploring the home, bridging the physical and digital environments to forge a deeper connection to the products their guests care about most. Whether locating mattress details after an unforgettable night's sleep or cooking with the guidance of a Sub-Zero chef during a night in, the app facilitates opportunistic discovery with easy-to-find information that can be saved for future reference and specification.
Featured brands include Sub-Zero, Wolf and Cove, Circa Lighting, Holly Hunt, A. Rudin, Apparatus Studio, Kohler, Lutron, Ketra, Mitsubishi, Marvin Windows & Doors, Philip Jeffries, Vispring and Meridiani. For a comprehensive list of partner brands, visit this link.
About Stay Bungalow
Stay Bungalow is intent on elevating the way luxury housing trade professionals experience and engage with brands and their products. Beginning with their Austin debut, the team is developing a series of modern residential show homes located in cities across the nation that are rich in art, architecture, and culture. These properties will serve as creative hubs for organic brand and product exploration. Each home is unique and built the way it was intended to be enjoyed; the product of a different design team with complete creative freedom to collaborate and shape their collective vision from architecture to interiors.
For more information about Stay Bungalow, visit staybungalow.com or contact Emily McCorkle at emily@staybungalow.com.
For all press and media inquiries, contact Megan Hotze at megan@meganhotze.com or 832.453.8500.
MEDIA CONTACT:
Megan Hotze
Megan Hotze Editorial
megan@meganhotze.com / 832.453.8500
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SOURCE Stay Bungalow | https://www.wibw.com/prnewswire/2022/06/23/stay-bungalow-announces-official-debut/ | 2022-06-23T23:58:04Z |
Which yellow bedsheets are best?
Whether you prefer a bright lemon yellow or a rich golden hue, a set of yellow bedsheets can brighten up any bedroom. Once you’ve decided on a shade, you’ll need to consider factors such as the weave, thread count and fabric to find the most comfortable sheets for you. For a luxurious night’s rest, you can’t go wrong with CGK Unlimited Queen-Size Sheet Set, which is made with soft, wrinkle-resistant brushed microfiber.
What to know before you buy yellow bedsheets
Sheet type and sets
Most yellow bedsheets come in a set that includes a fitted sheet, a flat sheet and two or four matching pillowcases.
Fitted sheets are designed with elastic edges to fit around and protect the mattress from such things as lint, debris and sweat. They can also go over a mattress pad or protector.
Flat sheets go over the fitted sheet and provide an extra layer of comfort while sleeping. For warm-weather use, choose lightweight, breathable sheets that prevent overheating. For cooler temperatures, go with heavier or thicker ones to help keep you warm.
Some sets include a comforter, which is either solid or patterned but still matches the overall aesthetic of the sheets.
Thread count and weight
When it comes to bedsheets, there are three main measurements used to determine the quality, durability and overall softness of the sheet.
- Thread count: This is the number of vertical and horizontal threads within the span of a square inch of fabric. Most sheets have a thread count between 200 and 800, but some luxury ones may have a thread count over 1,000. The best thread count depends on the fabric.
- Momme: Used in silk sheets and pillowcases, momme determines the density of the material. The ideal momme weight is between 16 and 22.
- Grams per square meter: This is the density or weight of the fabric per square meter as measured in grams. It ranges from around 30 to over 350. The lower the number, the lighter the fabric. For denser sheets, go with at least 150.
Weave
Weave consists of horizontal and vertical strands that are interlaced to produce a piece of fabric, such as sheets. It helps determine the overall quality and finish of the sheets. The most common types of weave are:
- Plain: Durable and easy to produce, plain weave consists of threads woven into a square-like pattern. Linens with a plain weave are generally resistant to pilling and are structured and inexpensive.
- Satin: With a satin weave, at least four horizontal threads go over a single vertical thread. This weave gives the fabric a soft, shiny texture and luxurious feel.
- Twill: Characterized by a diagonal pattern, a twill weave takes the horizontal thread and weaves it over and then under at least one vertical thread. This type is common in sheets with higher thread counts. It’s also resistant to wrinkles and is durable.
What to look for in quality yellow bedsheets
Fabric
Bedsheets come in different fabrics:
- Polyester: Durable and resistant to stains, polyester maintains its shape well and is easy to clean. It’s not as breathable as cotton or other natural fibers, but it can keep you warm. The ideal thread count is 300-500.
- Flannel: Best for cold weather, flannel wicks away moisture and is soft and warm. For heavier, warmer sheets, look for those with grams per square meter of at least 170.
- Linen: Bacteria-resistant and absorbent, linen sheets are long-lasting. Although it’s less important with linen, look for sheets with a thread count between 100 and 140.
- Cotton: Organic cotton sheets consist of natural fibers that are breathable to prevent you from overheating in summer. For a more luxurious option, go with Egyptian or Pima cotton with a 300-400 thread count.
- Bamboo: A sustainable option, bamboo is soft, durable and breathable, meaning it can regulate your body temperature while you sleep. It also holds dye well and can be colored any shade of yellow. Quality bamboo bedsheets have a 300-500 thread count.
- Tencel: This eco-friendly material comes from eucalyptus trees. It’s cool, lightweight and wicks away moisture. The recommended thread count is around 300-400.
- Silk: Hypoallergenic and gentle on sensitive skin, silk is lightweight and breathable, making it a good choice for those who run hot while sleeping. It often has a luxurious texture but can tear easily or lose its softness when washed. Quality silk sheets should have a 20-25 momme.
- Microfiber: Comfortable and soft, microfiber is great for people who sweat a lot while they sleep, as it wicks away moisture. The best microfiber bedsheets have 90-120 grams per square meter.
Shade of yellow
Yellow bedsheets come in many hues, including mustard or dijon, bumblebee, lemon, blonde and gold.
Since there are so many hue types, it’s a good idea to narrow it down based on the color scheme you already have in your bedroom.
For example, if you have a lot of bright colors such as blue, pink and white, a light yellow would pair well with them. Light tones such as blonde or lemon yellow can also give the space a more beachy aesthetic. If you have brown or green furniture pieces, walls or flooring, gold or mustard yellow can complement the room well.
Size and pockets
Bedsheets come in the same sizing options as mattresses, so be sure to choose ones that fit. The standard sizes are:
- Twin: 38 by 75 inches
- Full: 53 by 75 inches
- Queen: 60 by 80 inches
- King: 76 by 80 inches
- California king: 72 by 84 inches
If you have a deep-pocket mattress, you need to get deep-pocket sheets to go with it. These sheets are usually fitted from 13-17 inches, but extra deep-pocket sheets are 18-25 inches. When in doubt, measure the height of your mattress to determine the correct size.
How much you can expect to spend on yellow bedsheets
A standard set of yellow bedsheets costs $10-$40. Some luxury options or those with a higher thread count can cost $60-$200.
Yellow bedsheets FAQ
How often should I wash my sheets?
A. Wash them once a week or so. If you have pets, allergies or sweat a lot while sleeping, clean them more often or as needed.
Do I need a larger sheet size if I have a mattress pad?
A. Mattress pads are generally no more than 3 inches thick, so you shouldn’t need to get larger sheets if you use one.
What are the best yellow bedsheets to buy?
Top yellow bedsheets
CGK Unlimited Queen-Size Sheet Set
What you need to know: Made from high-quality brushed microfiber, this set of deep pocket yellow bedsheets is great for anyone who wants to add a splash of color to their bedroom.
What you’ll love: The set includes a flat sheet, fitted sheet and four pillowcases, all of which are resistant to wrinkles and pilling. They’re also breathable, durable and machine-washable. They fit up to a 16-inch deep mattress and come in seven sizes.
What you should consider: These sheets don’t help regulate body temperature well and can become too warm for hot sleepers.
Where to buy: Sold by Amazon
Top yellow bedsheets for the money
Wrought Studio Nipote Ultra-Soft Microfiber Percale Sheet Set
What you need to know: Available in 33 colors including light yellow and gold, this set of microfiber and polyester sheets is comfortable, durable and soft.
What you’ll love: This set comes with a fitted sheet, flat sheet and two or four pillowcases, depending on the size. It comes in eight sizes, ranging from twin to California king. They’re resistant to wrinkles and pilling.
What you should consider: The sheets are a little thin, so they’re not the best for cold climates.
Where to buy: Sold by Wayfair
Worth checking out
Eider & Ivory Nemcova 1,500 Thread Count Cotton Sateen Sheet Set
What you need to know: These Egyptian cotton sheets have a 1,500 thread count that gives any bedroom a luxurious look and feel.
What you’ll love: Available in gold, this set includes a fitted sheet, flat sheet and two matching pillowcases. It has a sateen weave and is cool, lightweight and breathable. They come in four sizes and can fit deep mattresses up to 18 inches.
What you should consider: They tend to shrink in the wash.
Where to buy: Sold by Wayfair
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Angela Watson writes for BestReviews. BestReviews has helped millions of consumers simplify their purchasing decisions, saving them time and money.
Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/bed-bath-br/bedding-br/best-yellow-bedsheets/ | 2022-04-19T10:56:24Z |
SOUTH CHARLESTON, W.Va., Aug. 30, 2022 /PRNewswire/ -- GreenPower Motor Company Inc. (NASDAQ: GP) (TSXV: GPV) ("GreenPower"), a leading manufacturer and distributor of zero-emission, electric-powered, medium and heavy-duty vehicles, today cut the ribbon at its new South Charleston, W. Va. manufacturing facility which is home to the company's all-electric school bus manufacturing operations east of the Mississippi River. The facility expands on GreenPower's current manufacturing footprint with an additional 80,000 square feet, meeting the demand and servicing customers on the East Coast.
The new manufacturing facility in South Charleston, which will begin operations in September, provides GreenPower with manufacturing capability of up to 150 electric school buses per quarter by next year.
"Today marks a significant milestone for GreenPower as we continue to live the vision of advancing the adoption of purpose-bult, zero-emission school buses. Through this new facility we will be able to exponentially increase our production to meet the increased demand for all-electric school buses," said Brendan Riley, president and director at GreenPower, citing recent public funding from both the state and federal levels and state climate change regulations as sources of the increased demand. "The work we're doing in South Charleston is a testament to GreenPower's mission and allows us to be well-positioned as the leader nationwide in the transition to clean, electric and safer transportation."
"Today marks a milestone for Greenpower, but it also marks a major milestone for West Virginia as well," Gov. Jim Justice said. "Since I took office, we've focused on transforming West Virginia's image. Part of the way we're doing that is by embracing all the new technologies that are at our fingertips, and GreenPower opening their manufacturing facility in West Virginia is yet another exciting project that will help us move our state forward and change our image. As we continue to diversify our economy, manufacturing zero-emission school buses in West Virginia will open up a world of opportunities for our state. Not only will it bring hundreds of great paying jobs to the Kanawha Valley, but the ripple effects on our state's economy will be massive. I can't thank them enough for their commitment to our state and for believing that West Virginia is the best place to do business."
Skilled Jobs at GreenPower's Manufacturing Facility in West Virginia
As West Virginia's economy continues to transform, it is important to provide skilled and high-skilled jobs to help workers make the transition as seamless as possible. GreenPower's facility, located at 30 Industrial Way in South Charleston, W. Va., are expected to bring approximately 200 new clean-energy jobs to the state within the next year, and up to 900 when the company reaches full production. The company is focused on creating excellent employment and career opportunities for West Virginians and is partnering with BridgeValley Community and Technical College to provide hands-on training to workers joining GreenPower's manufacturing team.
"I applaud GreenPower for bringing hundreds of great paying jobs to the state while providing safe, clean transportation solutions to the children in the Kanawha Valley and beyond," said South Charleston Mayor Frank Mullens. "GreenPower is leading the charge on this important step to electrifying the nation's school bus fleet from right here in South Charleston, West Virginia. As our state's economy diversifies, GreenPower is an important part of this transformation. I look forward to cheering GreenPower on throughout their journey here in South Charleston."
Electric School Bus Funding Incentives
The Environmental Protection Agency's (EPA) Clean School Bus Program as passed in the Bipartisan Infrastructure Law provides five billion dollars over five years (FY 2022-2026) to replace existing school buses with clean and zero-emission models to help bring healthier transportation solutions to students around the country. As part of EPA's current program offering, GreenPower's all-electric school buses are eligible for rebates for the Type D BEAST of up $375,000 and up to $285,000 for the Type A Nano BEAST all-electric school bus. GreenPower's innovative technologies will help school districts drive down fuel costs and minimize maintenance costs while delivering outstanding reliability and efficiency.
"Thanks to the Bipartisan Infrastructure Law, we have an opportunity to transform our nation's school bus fleet, reduce harmful pollution and deliver cleaner, healthier air for our children, all while boosting the economy in communities like South Charleston, West Virginia," said Dan Utech, EPA Chief of Staff. "Today's ribbon-cutting is a major step forward in this effort, as we work together with the private sector to accelerate the transition to clean, zero-emissions school buses, advance technology that will tackle climate change, and deliver environmental and economic benefits for all."
The Start of a Green, Healthy New School Day
Children are more susceptible to air pollution than healthy adults because their respiratory systems are still developing, and they have faster breathing rates. Exposure to NOx exhaust can trigger health problems like asthma, bronchitis and other respiratory issues. The primary source of NOx is motor vehicles — including school buses. Diesel exhaust is designated "carcinogenic to humans" by the International Agency for Research on Cancer. The exhaust contains significant levels of particulate matter. These particles can lodge deep into the lungs and heart and are linked to premature death, aggravated asthma and decreased lung function. Compounding these concerns is the results of recent studies showing that air pollutant levels inside school buses can be greater than the ambient levels outside the bus.
"Moms across West Virginia are excited to support zero-tailpipe-pollution electric school buses right here in the Mountain State. The transportation sector is one of the leading sources of climate pollution and West Virginia is one of the most at-risk states for climate related flood disasters. Investing in clean energy growth and the electric vehicle market will improve public health, protect our environment, and create economic opportunity for all West Virginians," said Lucia Valentine, West Virginia field consultant, Moms Clean Air Force. "Children and environmental justice communities stand to benefit the most from electric school buses, which help clean up the air we all breathe by eliminating harmful tailpipe pollution. West Virginians deserve to breathe clean air."
Economic Growth in West Virginia
The GreenPower manufacturing facility will have a significant impact on the local and state economy. The positive economic contributions to the state are expected to extend well beyond the local jobs and sales generated at the facility.
"We are honored to welcome GreenPower Motor Company to the growing list of new corporate citizens in West Virginia," said Department of Economic Development Secretary Mitch Carmichael. "The capital investment and confidence in West Virginia displayed by this innovative company is evidence of the widespread appeal that our state projects to the nation and the world. We look forward to participating in the future success of GreenPower Motor Company and excited for the many great careers that will be spawned at this new manufacturing facility."
What Officials are saying about the opening of GreenPower's manufacturing facility
"West Virginia has worked diligently to position our state as the ideal location to site a new or expanding business. Our accomplishments are delivering great results as evidenced in the selection of West Virginia by GreenPower Motor Company, an innovative company, in the expanding technology of battery-powered vehicles. As an all of the above energy state, we are excited to welcome GreenPower as a new corporate citizen of our state." – Sen. Craig Blair, Lt. Governor for the state of West Virginia and President of the West Virginia Senate
"We have been incredibly excited to see GreenPower make its new home in West Virginia. Not only did they quickly contribute to the community and get to work right away on a training program to hire qualified local employees, but they also demonstrate to the rest of America and the rest of the world that West Virginia has a 21st-century economy and we are open to all business endeavors." – Del. Roger Hanshaw (R-Clay), West Virginia Speaker of the House of Delegates
"I was so pleased to be part of passing a new law that went into effect July 1 so our county boards of education will have even more incentive to use electric-powered transportation, and an additional incentive if those electric buses are manufactured within the great state of West Virginia. I drive for Raleigh County Schools and the county traveled more than a million miles last year, getting our local kids to and from school and sporting events, and as a bus operator myself, I think it's just incredible to see high-quality, efficient and safe buses being made right here in the Mountain State." – Del. Christopher Toney (R-Raleigh)
"Every day approximately 220,000 West Virginia public school students are transported on school buses. Implementing electric buses ensures these precious resources arrive at their destinations safely and efficiently. Furthermore, this exciting partnership between GreenPower Motor Company and the state of West Virginia keeps us focused on our future by providing numerous pathways for success. This innovation not only offers emission-free transport to schools but also viable and sustainable employment and economic growth for the state." – Dr. Sara Lewis-Stankus, Deputy State Superintendent of Schools
"I am thrilled to welcome GreenPower to Kanawha County. Not only will GreenPower's new facility provide incredible employment opportunities to our people, but the nation will look to West Virginia as a leader in electric school bus manufacturing. I applaud GreenPower's commitment to West Virginia." – Commission Ben Salango, Kanawha County Commission
Media and Investor Contacts:
Brendan Riley
GreenPower President
(510) 910-3377
Mike Cole
Investor Relations
(949) 444-1341
Allie Potter
Skyya PR for GreenPower
(218) 766-8856
greenpower@skyya.com
About GreenPower Motor Company
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van, and a cab and chassis. GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. GreenPower was founded in Vancouver, Canada with primary operational facilities in southern California. Listed on the Toronto exchange since November 2015, GreenPower completed its U.S. IPO and NASDAQ listing in August 2020. For further information go to www.greenpowermotor.com
Forward-Looking Statements
This document contains forward-looking statements relating to, among other things, GreenPower's business and operations and the environment in which it operates, which are based on GreenPower's operations, estimates, forecasts, and projections. Forward projections. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as "upon", "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict or are beyond GreenPower's control. A number of important factors, including those set forth in other public filings (filed under the Company's profile on www.sedar.com), could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. GreenPower disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. © 2022 GreenPower Motor Company Inc. All rights reserved.
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SOURCE GreenPower Motor Company | https://www.kxii.com/prnewswire/2022/08/30/greenpower-celebrates-new-west-virginia-electric-school-bus-manufacturing-facility-with-ribbon-cutting-ceremony/ | 2022-08-30T14:53:59Z |
TROY, Mich., June 21, 2022 /PRNewswire/ -- Meritor, Inc. (NYSE: MTOR) today announced an online tool to streamline its 24-hour Driveshaft on Demand (DOD) program, enabling customers to quickly and efficiently identify and order replacement driveshaft products from MeritorPartsXpress.com.
"At Meritor, we are committed to putting out-of-service vehicles back on the road as soon as possible," said Jeff Amalfitano, senior product manager for Meritor. "As we continue to innovate our DOD program, this new update will reduce the time it takes to report and replace customer driveshaft orders compared to the email-based submission process. Enhancing our digital footprint continues to be a priority at Meritor as we work to improve quality and efficiency in customer relations."
The initial launch of the DOD program took place in 2017 to increase turnaround time for customers who required a replacement driveshaft. Product lines included in the program are the Meritor Xtended Lube MXL™, Meritor Permalube™ RPL 20/25/35, Dana Spicer® 10 Series, 1610/1710/1760/1810 and Dana Spicer® 140/170/250/350. In 2020, the program was expanded to include Canadian manufacturing locations to further improve lead time in that region.
The new tool is accessible to registered MeritorPartsXpress.com users on any device including smartphones, tablets and laptops, and includes high-quality images, step-by-step instructions, and instructional videos on how to identify and specify a driveshaft, even when a part number is not readily available.
All replacement driveshafts ordered through Driveshaft on Demand are built with high quality components to exacting Meritor specifications, shipped within 24-hours of the order and come with a 2-year nationwide warranty.
The current email-based order submission process will be phased out. Original equipment dealers and warehouse distributors can now obtain the desired driveshaft directly through the web platform. Customers will still be able to order replacement or customizable driveshafts at competitive prices with same-day or next-day shipping arrangements, eliminating long lead times.
About Meritor
Meritor, Inc. is a leading global supplier of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets. With more than a 110-year legacy of providing innovative products that offer superior performance, efficiency and reliability, the company serves commercial truck, trailer, off-highway, defense, specialty and aftermarket customers around the world. Meritor is based in Troy, Mich., United States, and is made up of more than 9,600 diverse employees who apply their knowledge and skills in manufacturing facilities, engineering centers, joint ventures, distribution centers and global offices in 19 countries. Meritor common stock is traded on the New York Stock Exchange under the ticker symbol MTOR. For important information, visit the company's website at www.meritor.com.
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SOURCE Meritor, Inc. | https://www.wibw.com/prnewswire/2022/06/21/meritor-announces-new-spec-tool-driveshaft-demand-program/ | 2022-06-21T21:21:34Z |
Series highlights workforce opportunities for visitors and prospective Sarasota County residents
The week-long series is a part of VSC and the Sarasota County EDC's
"Work Where You Want to Live" Campaign
SARASOTA, Fla., Aug. 25, 2022 /PRNewswire/ -- Today, Visit Sarasota County (VSC), in collaboration with the Sarasota County Economic Development Corporation (EDC) launched "Careers on the Suncoast", a national, week-long blog series to encourage relocation tourism to Sarasota County. It features new and innovative Sarasota County amenities and profiles its residents by highlighting their careers and quality of life living in the community.
"Our goal is to encourage relocation tourism to national markets by showcasing the diversity and breadth of career opportunities in our area while highlighting what the value of living in Sarasota County is to visitors," says Virginia Haley, President of Visit Sarasota County. "This series is a part of our broader strategy to lure working-age adults to visit and consider permanently relocating to the region, while also finding local job positions to support our area businesses."
"Careers on the Suncoast" comes as Sarasota County ranked #3 on U.S. News & World Report's list of 2022/2023 Fastest-Growing Places in the nation. It is a vertical under its national Work Where You Want to Live campaign with the Sarasota County EDC, which was created to attract working-age adults to move and work in the community.
The series is being promoted through a national media push to reach key U.S. audiences and will additionally exist in the relocation section of Visit Sarasota County's website and on social media. Scheduled releases will feature new area amenities and Sarasota County residents including Isabelle Smith (ESE Teacher, Sarasota County Schools); Jon Goetluck (Major, Sarasota County Sheriff's Office); Tina Taylor (President, HR Elements); Natalie Wiess (Nurse, Sarasota Memorial Hospital); and Paula Wiggins (Engineer, Sarasota County Government).
For more information on the series, visit www.workwhereyouwanttolive.com
Information on Visit Sarasota County can be seen at www.visitsarasota.com.
Information on the Economic Development Corporation of Sarasota County can be viewed at www.edcsarasotacounty.com.
Visit Sarasota County (VSC) is the official tourism marketing entity and primary provider of visitor information for Sarasota County where tourism is the top industry. It is accredited by the Destination Marketing Accreditation Program, a program of the Destination Management Association International (DMAI). VSC meets the highest standards of professionalism, leadership, fiscal management and ethical principles. Visit www.visitsarasota.com for more information.
The Sarasota County EDC is Sarasota County's economic guardian and the only entity focused solely on growing and diversifying the county's business community. In existence since 2004, the public-private organization works to help companies in diverse sectors expand and establish in Sarasota County, contributing to an increase in the local tax base and additional employment opportunities while reducing vulnerability to external shocks that can undermine our community's long-term economic health.
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SOURCE Visit Sarasota County | https://www.wibw.com/prnewswire/2022/08/25/visit-sarasota-county-collaboration-with-edc-sarasota-county-launches-careers-suncoast-series-support-relocation-tourism/ | 2022-08-25T20:59:31Z |
- Record Quarterly Subscription Revenues of $178 Million, 27% Year-Over-Year Growth
- Record Quarterly Revenues of $196 Million, 18% Year-Over-Year Growth
- Quarterly Calculated Billings of $188 Million, 26% Year-Over-Year Growth
- Quarterly Operating Cash Flows and Adjusted Free Cash Flows of $50 Million and $46 Million, Respectively
SAN MATEO, Calif., June 6, 2022 /PRNewswire/ -- Coupa Software (NASDAQ: COUP) today announced financial results for its first fiscal quarter ended April 30, 2022.
"We began the fiscal year strong by delivering record quarterly total revenue and subscription revenue, and also yielding over 20% operating cash flow and adjusted free cash flow margins," said Rob Bernshteyn, chairman and chief executive officer at Coupa. "Company leaders continue to recognize the importance and value of back office transformation. Our comprehensive platform acts as a single source of truth to provide our customers with the data and insights necessary to maximize every dollar of business spend."
First Quarter Results:
- Total revenues were $196.4 million, an increase of 18% compared to the same period last year. Subscription revenues were $178.5 million, an increase of 27% compared to the same period last year.
- GAAP operating loss was $71.3 million, compared to $73.9 million for the same period last year. Non-GAAP operating income was $13.8 million, compared to $7.0 million for the same period last year.
- GAAP net loss attributable to Coupa Software Incorporated was $81.5 million, compared to $100.4 million for the same period last year. GAAP net loss per basic and diluted share attributable to Coupa Software Incorporated was $1.08, compared to $1.38 for the same period last year. Non-GAAP net income attributable to Coupa Software Incorporated was $5.5 million, compared to $5.0 million for the same period last year. Non-GAAP net income per diluted share attributable to Coupa Software Incorporated was $0.08, compared to $0.07 for the same period last year.
- Operating cash flows and adjusted free cash flows were $49.7 million and $45.6 million, respectively.
See the section titled "Non-GAAP Financial Measures" and the reconciliation tables below for important information regarding the non-GAAP financial measures used by Coupa.
Business Outlook:
The following forward-looking statements reflect Coupa's expectations as of June 6, 2022.
Second quarter of fiscal 2023:
- Total revenues are expected to be $202.0 to $205.0 million.
- Subscription revenues are expected to be $185.0 to $188.0 million.
- Professional services and other revenues are expected to be approximately $17.0 million.
- Non-GAAP income from operations is expected to be $9.0 to $12.0 million.
- Non-GAAP net income per diluted share attributable to Coupa Software Incorporated is expected to be $0.07 to $0.10 per share.
- Diluted weighted average share count is expected to be approximately 87.5 million shares.
Full year fiscal 2023:
- Total revenues are expected to be $838.0 to $843.0 million.
- Subscription revenues are expected to be $762.0 to $767.0 million.
- Professional services and other revenues are expected to be approximately $76.0 million.
- Non-GAAP income from operations is expected to be $36.0 to $41.0 million.
- Non-GAAP net income per diluted share attributable to Coupa Software Incorporated is expected to be $0.21 to $0.27 per share.
- Diluted weighted average share count is expected to be approximately 88.5 million shares.
Coupa has not reconciled its expectations for non-GAAP income from operations to GAAP loss from operations, or non-GAAP net income per diluted share attributable to Coupa Software Incorporated to GAAP net loss per share attributable to Coupa Software Incorporated because certain items are excluded from non-GAAP income from operations and non-GAAP net income per diluted share attributable to Coupa Software Incorporated cannot be reasonably calculated or predicted at this time. Such exclusions consist of, charges related to stock-based compensation, amortization of acquired intangible assets, amortization of debt issuance costs, gain or loss on conversion of convertible senior notes, gain or loss on non-marketable investments, the adjustment attributable to redeemable non-controlling interests, non-recurring income tax adjustments, and income tax effects. The effect of these items may be significant.
Recent Business Highlights:
- Welcomed many new customers into the Coupa community in Q1, including the following: African Rainbow Minerals, Americanas S.A, Andover Properties, Arvinas, Asplundh Tree Expert Co, Atlantis The Palm, Aware Super, Biohaven Pharmaceuticals, BITSO, Bluepeak, Bone Dry Roofing, Inc., Brasil Telecom Comunicação Multimídia S.A., Contentful Inc., Coursera, Denka Chemicals Holdings Asia Pacific Private Limited, Digital Charging Solutions GmbH, DPDgroup International Services GmbH, Epta Italy, Escape Bio, Evergreen North America Industrial Services, Evernex, flyExclusive, Global Life Sciences Solutions USA LLC, Gunnebo Nordic AB, Harmony Biosciences, Heartland Generation Ltd, HF Sinclair, HIPUS Co.,Ltd., ID VERDE, Inland Technologies, Kepler Weber S.A., Keystone Academy, Lifelong Medical Care, LightEdge Solutions, Medicines Discovery Catapult, Molecular Assemblies, Inc., Multi-Agency Alliance for Children, Pathways Health and Community Support LLC, PaySafe Group Limited, Pfisterer Holding AG, Pipe Creek Construction, Principal Life Insurance, Reconomy (UK) Limited, Royal Caribbean Cruises Ltd, Salsify, Inc., Silver Bay Seafoods, Simon Property Group, Inc., Specialty Dental Brands, Speedcast Americas, Inc., SSR Mining Inc., Standard Profil Automotive GmbH, Tectonic Therapeutic, Inc., TeleSign, Tonix Pharmaceuticals Holding Corp., Ultradent Products, Wabtec Corporation, Ziegler Holding GmbH, and ZimVie Netherlands Holding B.V.
- Named Customers' Choice for Procure-to-Pay Suites in Gartner's Peer Insights report
- Named a Leader in The Forrester Wave: Supplier Value Management Platforms, Q1 2022 report
- Named a Challenger in the 2022 Gartner Magic Quadrant for Supply Chain Planning Solutions
- Achieved FedRAMP Moderate authorization to help government agencies maximize the impact of every dollar they spend
- Hosted its annual BSM community conference Inspire, in both North America and EMEA, welcoming a record number of attendees and awarding its Spendsetters to recognize leaders revolutionizing BSM. Awarded companies include ADM, AstraZeneca, Farfetch, Grupo Bafar, Mars Vet Health, Mastercard, Primetals, REI, Saga, Saint-Gobain, Sonoco, Tearfund, World Vision, and Zurich
- Launched new innovations to help companies modernize back office functions and accelerate ESG programs, including new solutions for Scope 3 emissions tracking, bid price insights, and supply chain financing
- Launched a multi-year brand partnership with the New York Yankees that will showcase Coupa throughout the fan experience
- Recognized as a finalist to Fast Company's 2022 World Changing Ideas list
- Recognized as one of the Best Workplaces in Tech in Ireland by Great Place to Work
- Partnered with HBCU Connect to support hiring more diverse candidates and accelerate DEI programs
- Published its 2022 BSM Benchmark Report, detailing 20 community-powered KPIs for best in-class business spend management programs
Conference Call Information:
Coupa will host a conference call and live webcast for analysts and investors at 4:30 p.m. Eastern time today.
The live webcast will be accessible on Coupa's investor relations website at http://investors.coupa.com. A replay will be available through the same link.
Non-GAAP Financial Measures:
In addition to disclosing financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), this press release and the accompanying tables contain certain non-GAAP financial measures, including non-GAAP operating income, non-GAAP net income attributable to Coupa Software Incorporated, non-GAAP net income per basic and diluted share attributable to Coupa Software Incorporated, adjusted free cash flows and adjusted free cash flows margin. Coupa believes these non-GAAP measures are useful in evaluating its operating performance and Coupa's management regularly reviews and uses these measures for business planning and other purposes.
Non-GAAP operating income and non-GAAP net income attributable to Coupa Software Incorporated exclude certain items from the corresponding GAAP measures, including: stock-based compensation, amortization of acquired intangible assets, amortization of debt issuance costs, gain or loss on conversion of convertible senior notes, gain or loss on non-marketable investments, the adjustment attributable to redeemable non-controlling interests, non-recurring income tax adjustments, and income tax effects, and prior to the adoption of ASU 2020-06 on February 1, 2022, amortization of debt discount costs. In addition, the weighted average diluted shares figure used to calculate non-GAAP net income per share attributable to Coupa Software Incorporated reflects the anti-dilutive impact of the if-converted method related to the convertible notes, if any.
Beginning in the three months ended April 30, 2022, we utilize a fixed long-term projected tax rate in our computation of the non-GAAP income tax provision to provide better consistency across the reporting periods. In projecting this long-term non-GAAP tax rate, we utilize a three-year financial projection that excludes the direct impact of stock-based compensation, amortization of acquired intangible assets, and amortization of debt issuance costs. The projected rate considers other factors such as our current operating structure, and existing tax positions in various jurisdictions. Additionally, due to historic profitability on a non-GAAP basis, there are no valuation allowances recorded against the non-GAAP deferred tax assets globally. We will periodically reevaluate the projected long-term tax rate, as necessary, for significant events, based on our ongoing analysis of relevant tax law changes, material changes in the forecasted geographic earnings mix, and any significant acquisitions.
Adjusted free cash flows is defined as net cash provided by operating activities, less purchases of property and equipment, and prior to the adoption of ASU 2020-06 on February 1, 2022, plus repayments of convertible senior notes attributable to debt discount, plus one-time payout of legacy unvested equity awards accelerated in conjunction with a business combination. Coupa has the ability to settle obligations related to its senior notes through the use of cash, shares of its common stock, or a combination of both, at its election. Adjusted free cash flow margin is defined as adjusted free cash flows divided by total revenues.
Coupa believes these non-GAAP measures are useful to investors and other users of its financial information because they provide a way to measure and evaluate Coupa's underlying operating performance and the strength of its core business consistently across the periods presented. Coupa believes these non-GAAP measures are also useful for comparing its operating performance to that of other companies in its industry, because they eliminate the effects of certain items that may vary between companies for reasons unrelated to their operating performance. Coupa believes that adjusted free cash flows also provides a useful measure of the company's capital strength and liquidity, although it is not intended to represent and should not be viewed as the amount of residual cash flow available for discretionary expenditures.
Coupa uses these non-GAAP measures in conjunction with GAAP measures as part of its overall assessment of its performance and liquidity, including the preparation of its annual operating budget and quarterly forecasts, to evaluate the effectiveness of its business strategies, and to communicate with its board of directors concerning its financial performance and liquidity. Coupa's definitions of its non-GAAP measures may differ from those used by other companies for similarly-titled measures, and therefore comparability may be limited. In addition, other companies may not publish these or similar metrics. Thus, Coupa's non-GAAP measures should be considered in addition to, not as substitutes for, or in isolation from, the company's GAAP results.
Coupa encourages investors and others to review its financial information in its entirety, not to rely on any single financial measure, and to view its non-GAAP measures in conjunction with GAAP financial measures. In addition, Coupa compensates for the limitations of its non-GAAP financial measures by providing a reconciliation of each non-GAAP measure to the most directly comparable GAAP financial measure. These reconciliations are included in the tables attached to this release.
Forward-Looking Statements:
This release includes forward-looking statements. All statements other than statements of historical facts, including the statements of management and statements in "Business Outlook," are forward-looking statements. These forward-looking statements are based on Coupa's current expectations and projections about future events and trends that Coupa believes may affect its financial condition, results of operations, strategy, short- and long-term business operations and objectives, cash flows, liquidity and financial needs.
These forward-looking statements are subject to a number of risks, uncertainties and assumptions that may cause actual results to differ materially from those projected, including, without limitation: Coupa is subject to macroeconomic uncertainties driven by the war in Ukraine, inflation and the COVID-19 pandemic; Coupa has a limited operating history at its current scale, which makes it difficult to predict its future operating results; Coupa may not be able to manage its recent rapid growth effectively; risks related to past and future business acquisitions, including their integration with Coupa's existing business model, operations and culture; if Coupa is unable to attract new customers, the growth of its revenues will be adversely affected; because its platform is sold to large enterprises with complex operating environments, Coupa encounters long and unpredictable sales cycles; the markets in which Coupa participates are intensely competitive; Coupa's business depends in part on its customers renewing their subscriptions and purchasing additional subscriptions; Coupa may not be successful in expanding its sales efforts or developing widespread brand awareness in a cost-effective manner; risks and liabilities related to breach of its security measures or unauthorized access to customer data; and the impact of foreign currency exchange rates and global economic conditions.
These and other risks and uncertainties that could affect Coupa's future results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," in Coupa's annual report on Form 10-K filed with the Securities and Exchange Commission (SEC) on March 16, 2022, which is available at investors.coupa.com and on the SEC's website at www.sec.gov. Further information on potential risks that could affect actual results will be included in other periodic filings Coupa makes with the SEC.
The forward-looking statements in this release reflect Coupa's expectations as of June 6, 2022. Coupa undertakes no obligation to update publicly any forward-looking statements for any reason after the date of this release to conform these statements to actual results or to changes in its expectations.
About Coupa Software
Coupa is the cloud-based Business Spend Management (BSM) platform that unifies processes across supply chain, procurement, and finance functions. Coupa empowers organizations around the world to maximize value and operationalize purpose through their business spend. To learn more about Coupa, visit www.coupa.com or follow us on LinkedIn or Twitter.
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SOURCE Coupa Software | https://www.kxii.com/prnewswire/2022/06/06/coupa-software-reports-first-quarter-fiscal-2023-financial-results/ | 2022-06-06T20:28:27Z |
NEW YORK, July 5, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of First High-School Education Group Co., Ltd. (""or the "Company") (NYSE: FHS). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.
The investigation concerns whether FHS and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On or around March 11, 2021, FHS conducted its initial public offering ("IPO") of 7.5 million American Depositary Shares ("ADSs") priced at $10.00 per share. Soon after the IPO, media reports stated that Chinese policymakers had proposed stricter regulations to rein in the for-profit education industry, such as regulations aimed at enhancing teacher quality, limiting fee scams, reducing market abuse, and reducing the stress that for-profit educational companies had placed on students in the Chinese educational system.
On May 12, 2021, news reports revealed that the impending government crackdown on for-profit educational companies in China would be much more drastic and far reaching than previously publicly known. Sources stated that anticipated rules would include measures such as banning on-campus tutoring classes, prohibiting tutoring services during weekend hours, and the imposition of industry-wide fee limitations.
On May 14, 2021, China's state council announced that it would further tighten regulations on compulsory education and training institutions with new rules set to take effect on September 1, 2021.
On July 23, 2021, China unveiled a sweeping overhaul of its education sector, banning companies that teach the school curriculum from making profits, raising capital or going public. These drastic measures effectively ended any potential growth in the for-profit tutoring sector in China.
On July 26, 2021, FHS issued a press release announcing that the Company "will follow the spirit of the Opinion and comply with all relevant rules and regulations in providing high school education services."
In a series of disclosures beginning on September 28, 2021, FHS reported, among other things, disappointing financial and operating results due to the impact of the regulatory crackdown on China's for-profit education sector; the resignation of the Company's Chief Financial Officer; the dismissal of the Company's auditor, KPMG Huazhen LLP; the receipt of a letter from the New York Stock Exchange ("NYSE") stating that the Company was in non-compliance with the NYSE's listing requirements because its total market capitalization and stockholders' equity had fallen below compliance standards; and that the Company would be unable to timely filed its annual report with the U.S. Securities and Exchange Commission.
By May 10, 2022, FHS ADSs closed below $1.00 per share, representing a decline of more than 90% from the offering price.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980
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SOURCE Pomerantz LLP | https://www.kxii.com/prnewswire/2022/07/06/shareholder-alert-pomerantz-law-firm-investigates-claims-behalf-investors-first-high-school-education-group-co-ltd-fhs/ | 2022-07-06T04:19:48Z |
RTC Women in Tech Fund to provide rapid-access funding for as many as 1,000 low-income women pursuing computing degrees and careers.
DURHAM, N.C., Aug. 1, 2022 /PRNewswire/ -- Today, Rewriting the Code (RTC) and Last Mile Education Fund released the RTC Women in Tech Fund, a $1.5M collaborative fund that will invest in degree completion for undergraduate women in computing facing financial obstacles to graduation.
Funds are awarded to female-identifying college undergraduates within four semesters of completing a computing-related degree. Though enrollment in computing degree programs is growing, many students don't make it over the finish line to graduation. Nationally, less than 20% of students from the bottom two income quartiles earn a degree within six years of starting college, and financial obstacles are often the cause.
"It's a critical period where traditional financial aid and scholarships dwindle or run out alongside growing costs associated with adult independence," Sue Harnett, founder and president of Rewriting the Code, said. "What many consider minor trip-ups—a dying computer or broken-down car—can completely pull low-income, often marginalized students out of a degree program."
In addition to unforeseen crises and basic living expenses like bills, groceries, housing, and transportation, low-income students in computing often can't afford to participate in critical resume- and skill-building activities like clubs, conferences, hack-a-thons, and even paid internships that require an upfront investment in relocation.
The fund will provide rapid-turnaround mini-grants to address urgent needs, and larger grants to cover catastrophic events, access to opportunities, and tuition shortfalls. Applications are open now to members of Rewriting the Code.
Isha Brown is an RTC member who received a grant from Last Mile in March. She said the impact of someone believing in her future as a female technologist is significant.
"Their generous grant covered my housing costs for the Spring semester, allowing me to focus on my studies. I was able to carry a full course load so I can graduate later this year with a degree in software development!" she said. "As a first-generation college student, I never imagined I would get this far! Learning to code and having the privilege of education has changed my life."
Last Mile's first-of-its-kind approach, launched in late 2019, has garnered attention from media outlets like CNBC, Forbes, Reuters, and TechCrunch. The RTC Women in Tech Fund, seeded with an initial $1.5 million from Goldman Sachs, joins a portfolio of Last Mile partners and investors that includes Microsoft, philanthropist Ken Griffin, Capital One, SAP, AnitaB.org, CodePath, and Breakthrough Tech, among others.
"What we're doing isn't charity. It fills the half-million-engineer gap and creates gender and cultural diversity that we know drives innovation," Ruthe Farmer, CEO and founder of Last Mile, said. "An investment in the last mile of a student's journey to a technical degree is an extremely light lift that profoundly accelerates their ability to become high-earning, economy-building technologists," she added. "It's the difference between having more technical assets in the workforce and not having them. Right now, we need them more than ever."
Last Mile Education Fund has set an ambitious goal to invest $60M in 30,000 striving tech and engineering students over the next decade. That number is estimated to produce more than $2.5Bn in wages, increase social mobility for low-income students and their families, and address the talent and diversity crises in tech.
Read more at rewritingthecode.org/women-in-tech-fund.
Rewriting the Code is a 501(c)(3) nonprofit organization that has developed a community of exceptional college and early-career women passionate about technology. RTC empowers women to become the next generation of engineers and tech leaders by providing community, industry education, professional and personal development, and hands-on experience through partnerships with companies across North America. RTC's community comprises 15,500+ women—4,800+ undergraduates, 700 graduate students, and 10,000+ early-career professionals.
For additional information, visit RewritingtheCode.org and LinkedIn.
Last Mile Education Fund offers a disruptive approach to both social inequity and increasing diversity in technology by addressing critical funding gaps for low-income, underrepresented students within reach of a degree. Last Mile takes an abundance approach, investing in students demonstrating commitment to a technical degree, providing agile, just-in-time support for challenges they face beyond their control, and incubating them to be the next generation of innovators—because sometimes the last dollar invested is the most important of all. Since 2020, Last Mile has awarded over 1,600 grants. Last Mile grantees are 40% Black, 25% Hispanic, 16% Asian, 9% White, and 2% Native American.
For additional information, visit LastMile-ed.org and Twitter.
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SOURCE Rewriting the Code | https://www.kxii.com/prnewswire/2022/08/01/new-collaborative-fund-invest-undergraduate-women-computing/ | 2022-08-01T11:29:52Z |
NEW YORK, April 12, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for STZ, NVDA, CRWD, XOM, and AAPL.
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SOURCE InvestorsObserver | https://www.mysuncoast.com/prnewswire/2022/04/12/thinking-about-trading-options-or-stock-constellation-brands-nvidia-crowdstrike-exxon-mobil-or-apple/ | 2022-04-12T14:51:20Z |
- Sales of $1 billion increased 16% year-over-year
- Record backlog of $3.5 billion as customer demand remains strong
- Cost discipline with 11.1% SG&A percent of sales; Decreased spending by $3 million
- Operating margin improved to 7.4%
- EPS of $0.74 per share; Up 32% year-over-year
- Reaffirming full-year 2022 EPS outlook of $3.55 to $4.05
NORWALK, Conn., April 28, 2022 /PRNewswire/ -- Terex Corporation (NYSE: TEX) announced first quarter 2022 income from continuing operations of $52.3 million, or $0.74 per share, on net sales of $1.0 billion. In the first quarter of 2021, the reported income from continuing operations was $39.7 million, or $0.56 per share, on net sales of $864.2 million.
"The team delivered solid financial results for the quarter considering the current operating environment," said Terex Chairman and Chief Executive Officer John L. Garrison, Jr. "We continue to experience global supply chain disruptions and significant inflationary pressures due to the pandemic and geopolitical risks. Our team members are focused on overcoming these challenges to improve delivery performance for customers and dealers. I want to thank all our dedicated Terex team members for their hard work in this demanding environment."
Garrison continued, "We are committed to investing in new technologies and products, including our recent investment in Viatec and Ecotec recycling solutions. These investments will capitalize on demand trends in electrification and recycling to drive growth."
Julie Beck, Senior Vice President and Chief Financial Officer, said, "The team delivered exceptional expense management in this dynamic environment to help offset increasing costs. The Company has a strong balance sheet with low leverage and ample liquidity to support its growth initiatives."
Garrison concluded, "Terex team members are committed to operational improvement and driving the growth strategies of our leading businesses and brands. I am confident that the Company will continue to create value for our customers, dealers, employees, and shareholders."
Non-GAAP Measures and Other Items
Results of operations reflect continuing operations. All per share amounts are on a fully diluted basis. A comprehensive review of the quarterly financial performance is contained in the presentation that will accompany the Company's earnings conference call.
In this press release, Terex refers to various GAAP (U.S. generally accepted accounting principles) and non-GAAP financial measures. These non-GAAP measures may not be comparable to similarly titled measures being disclosed by other companies. Terex believes that this non-GAAP information is useful to understanding its operating results and the ongoing performance of its underlying businesses.
The Glossary at the end of this press release contains further details about this subject.
Conference call
The Company has scheduled a conference call to review the financial results on Friday, April 29, 2022 beginning at 8:30 a.m. ET. John L. Garrison, Jr.,Chairman and CEO, and Julie Beck, Senior Vice President and Chief Financial Officer, will host the call. A simultaneous webcast of this call can be accessed at https://investors.terex.com. Participants are encouraged to access the call 10 minutes prior to the starting time. The call will also be archived in the Event Archive at https://investors.terex.com.
Forward-Looking Statements
Certain information in this press release includes forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995) regarding future events or our future financial performance that involve certain contingencies and uncertainties, including those discussed in our Annual Report on Form 10-K for the year ended December 31, 2021, and subsequent reports we file with the U.S. Securities and Exchange Commission from time to time, in the sections entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations – Contingencies and Uncertainties." In addition, when included in this press release the words "may," "expects," "should," "intends," "anticipates," "believes," "plans," "projects," "estimates," "will" and the negatives thereof and analogous or similar expressions are intended to identify forward-looking statements. However, the absence of these words does not mean that the statement is not forward-looking. We have based these forward-looking statements on current expectations and projections about future events. These statements are not guarantees of future performance. Such statements are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materially from those reflected in such forward-looking statements. Such risks and uncertainties, many of which are beyond our control, include, among others:
- our business has been, and could be further, adversely impacted by global health pandemics such as the outbreak of a new strain of coronavirus ("COVID-19");
- our business is highly competitive and is affected by our cost structure, pricing, product initiatives and other actions taken by competitors;
- we are dependent upon third-party suppliers, making us vulnerable to supply shortages and price increases;
- consolidation within our customer base and suppliers;
- our operations are subject to a number of potential risks that arise from operating a multinational business, including compliance with changing regulatory environments and political instability;
- a material disruption to one of our significant facilities;
- our business is sensitive to government spending;
- our ability to integrate acquired businesses;
- our business is affected by the cyclical nature of markets we serve;
- our need to comply with restrictive covenants contained in our debt agreements;
- our ability to generate sufficient cash flow to service our debt obligations and operate our business;
- our ability to access the capital markets to raise funds and provide liquidity;
- the financial condition of suppliers and customers, and their continued access to capital;
- exposure from providing credit support for some of our customers;
- we may experience losses in excess of recorded reserves;
- our business is global and subject to changes in exchange rates between currencies, commodity price changes, regional economic conditions and trade relations;
- our retention of key management personnel and skilled labor;
- possible work stoppages and other labor matters;
- changes in import/export regulatory regimes, imposition of tariffs, escalation of global trade conflicts and unfairly traded imports, particularly from China, could continue to negatively impact our business;
- compliance with changing laws and regulations, particularly environmental and tax laws and regulations;
- litigation, product liability claims and other liabilities;
- our compliance with the United States ("U.S.") Foreign Corrupt Practices Act and similar worldwide anti-corruption laws;
- increased regulatory focus on privacy and data security issues and expanding laws;
- our ability to comply with an injunction and related obligations imposed by the U.S. Securities and Exchange Commission ("SEC");
- our ability to successfully implement our strategy;
- disruption or breach in our information technology systems and storage of sensitive data; and
- other factors.
Actual events or our actual future results may differ materially from any forward-looking statement due to these and other risks, uncertainties and material factors. The forward-looking statements contained herein speak only as of the date of this press release. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained in this press release to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
About Terex
Terex Corporation is a global manufacturer of materials processing machinery and aerial work platforms. We design, build and support products used in construction, maintenance, manufacturing, energy, recycling, minerals and materials management applications. Certain Terex products and solutions enable customers to reduce their environmental impact including electric and hybrid offerings that deliver quiet and emission-free performance, products that support renewable energy, and products that aid in the recovery of useful materials from various types of waste. Our products are manufactured in North America, Europe, Australia and Asia and sold worldwide. We engage with customers through all stages of the product life cycle, from initial specification and financing to parts and service support.
Contact Information
Randy Wilson
Director, Investor Relations & Corporate Treasury
Phone: 203-221-5415 Email: randy.wilson@terex.com
GLOSSARY
In an effort to provide investors with additional information regarding the Company's results, Terex refers to various GAAP (U.S. generally accepted accounting principles) and non-GAAP financial measures which management believes provides useful information to investors. These non-GAAP measures may not be comparable to similarly titled measures being disclosed by other companies. In addition, the Company believes that non-GAAP financial measures should be considered in addition to, and not in lieu of, GAAP financial measures. Terex believes that this non-GAAP information is useful to understanding its operating results and the ongoing performance of its underlying businesses. Management of Terex uses both GAAP and non-GAAP financial measures to establish internal budgets and targets and to evaluate the Company's financial performance against such budgets and targets.
The amounts described below are unaudited, are reported in millions of U.S. dollars (except share data and percentages), and are as of or for the period ended March 31, 2022, unless otherwise indicated.
2022 Outlook
The Company's 2022 outlook for earnings per share is a non-GAAP financial measure because it excludes the impact of potential future acquisitions, divestitures, restructuring, and other unusual items. The Company is not able to reconcile this forward-looking non-GAAP financial measure to its most directly comparable forward-looking GAAP financial measures without unreasonable efforts because the Company is unable to predict with a reasonable degree of certainty the exact timing and impact of such items. The unavailable information could have a significant impact on the Company's full-year 2022 GAAP financial results. This forward looking information provides guidance to investors about the Company's EPS expectations excluding unusual items that the Company does not believe is reflective of its ongoing operations.
Free Cash Flow
The Company calculates a non-GAAP measure of free cash flow. The Company defines free cash flow as Net cash provided by (used in) operating activities, plus (minus) increases (decreases) in Terex Financial Services finance receivables consisting of sales-type leases and commercial loans ("TFS Assets"), less Capital expenditures, net of proceeds from sale of capital assets. The Company believes that this measure of free cash flow provides management and investors further useful information on cash generation or use in our primary operations. The following table reconciles Net cash provided by (used in) operating activities to free cash flow (in millions):
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SOURCE Terex Corporation | https://www.mysuncoast.com/prnewswire/2022/04/28/terex-reports-first-quarter-2022-results/ | 2022-04-28T21:20:38Z |
Zandon is 3-1 favorite for Kentucky Derby at Churchill Downs
By GARY B. GRAVES
AP Sports Writer
LOUISVILLE, Ky. (AP) — Zandon and filly Nest are the morning-line favorites for the 148th Kentucky Derby and Kentucky Oaks at Churchill Downs, which will host both marquee races at full capacity for the first time since 2019. Trained by Chad Brown, Zandon drew 3-1 odds and will start Saturday from the No. 10 post among 20 horses for the $3 million marquee event for 3-year-olds. Nest drew the No. 4 post among 14 fillies for the Oaks and is the 5-2 favorite for Friday’s $1.25 million, 1 1/8th-mile race. | https://localnews8.com/sports/ap-national-sports/2022/05/02/zandon-is-3-1-favorite-for-kentucky-derby-at-churchill-downs/ | 2022-05-02T20:50:14Z |
If Roe falls, some fear repercussions for reproductive care
(AP) - If the Supreme Court follows through on overturning Roe v. Wade, abortion likely will be banned or greatly restricted in about half the U.S. states. But experts and advocates fear repercussions could reach even further, affecting care for women who miscarry, couples seeking fertility treatments and access to some forms of contraception.
Many conservatives insist they are only interested in curtailing abortion, and legislation passed so far often has exceptions for other reproductive care. But rumblings from some in the GOP have experts concerned, and laws banning abortion could also have unintended side effects.
“The rhetoric has been really increasing over the last several years,” said Mara Gandal-Powers, the director of birth control access at the National Women’s Law Center. “There’s definitely a domino effect which I think people are really starting to wake up to and see this is how far it could go.”
If Roe is overturned, as suggested by a leaked draft opinion, states will set their own abortion laws, and conservative lawmakers are already passing a steady stream of deeply restrictive regulations. Oklahoma lawmakers, for example, passed legislation Thursday banning abortion at conception, the strictest in the nation.
Although that bill has some exceptions, it signals a direction that is deeply worrisome for many doctors.
“I truly think the people writing these laws either have no concept of the broad implications or do not care about how this impacts so many aspects of women’s health care,’’ said Dr. Kristyn Brandi, a New Jersey OB-GYN who provides abortion care.
“In medicine, you are not considered pregnant until this fertilized egg is implanted into the uterus — which happens after fertilization,’’ Brandi said. She said it is unclear whether doctors performing infertility treatments would be in violation of the law if they dispose of extra fertilized eggs. The Oklahoma measure “is not based in science and is incredibly confusing and frustrating for medical professionals trying to provide evidence based care.″
The Roe decision was based on a constitutional right to privacy — and the decision leaned on another landmark case eight years earlier that gave married couples the right to birth control, Griswold v. Connecticut.
Reliable birth control is now a feature of life for millions of Americans, but in March U.S. Sen. Marsha Blackburn of Tennessee recorded a video message naming the Griswold decision as “constitutionally unsound.” She’s not proposing restrictions on birth control but hasn’t commented further to clarify what she meant.
Other conservatives have conflated emergency contraception, often known as the morning-after pill, with abortion. In Idaho, for example, it was prohibited at school-based health clinics last year under a law banning public funding for “abortion related services.”
Along with long-acting birth control devices called IUDs, emergency contraception has been been attacked by abortion foes who believe life begins when an egg is fertilized.
But those pills have no effect once a pregnancy is established, after implantation in the womb, Brandi said.
“You can take Plan B all you want when you’re pregnant. It will not do anything to your pregnancy,’’ she said.
Emergency contraceptive pills like Plan B and IUDs may also prevent a fertilized egg from implanting in the womb, but experts say the science on that isn’t clear. It is believed they mostly work by blocking fertilization.
Political attempts to block access to intrauterine devices and other birth control “would be consistent with the pattern that we’re seeing right now,’’ said Dr. Jennifer Kerns, an associate professor at the University of California, San Francisco who also provides abortion care. “Many of us are very concerned that that’s kind of the next up on the chopping block.’’
In Missouri last year, for example, there was a failed effort to prevent IUDs and emergency contraception from being paid for by Medicaid. But in Tennessee, which just passed harsh penalties for providing abortion medication, Republican Senate Speaker Randy McNally pushed back on any suggestion that contraception could be in the crosshairs.
“Contraception and abortion are not the same thing. One is a responsible way to prevent pregnancy. The other ends a human life. It is a flagrant attempt to change the conversation and it won’t work,” spokesman Adam Kleinheider said in a statement.
The governor of Mississippi, one of 13 states that will immediately ban abortion if Roe is overturned, wouldn’t say whether he’d sign a hypothetical birth-control ban when asked on “Meet the Press.” Gov. Tate Reeves later clarified on Twitter: “I’m not interested in banning contraceptives.”
But doctors also worry other forms of reproductive care, like treating ectopic pregnancies, could be targeted. These occur when a fertilized egg implants outside the uterus, often in a fallopian tube. They are often life-threatening medical emergencies because the fragile tube can rupture, causing massive internal bleeding.
In 2019, an Ohio Republican proposed a measure that would have compelled doctors to try transplanting ectopic pregnancies into the uterus or allowing insurers to cover the hypothetical procedure, which is considered medically impossible.
After Texas banned abortion after six weeks, Kerns said colleagues there have told of patients with ectopic pregnancies being transferred out of state for treatment, putting their health at risk.
Physicians may even become hesitant to treat miscarriage, said Brandi, the New Jersey OB-GYN.
Women often miscarry alone, early in pregnancy, with no need for medical assistance. For others, it involves heavy prolonged bleeding and treatment is exactly the same as abortion — the same pills or procedure. Doctors in states that outlaw abortion would fear repercussions for treating miscarriages, Brandi said. Most end safely but infection is a risk, she said.
Plus, Brandi added, it can take eight weeks for someone “once they’ve diagnosed with a miscarriage to actually pass the pregnancy” without intervention. That can be traumatic, particularly for women who wanted to be pregnant.
Roxanne Kelly, a mental health specialist in Arkansas, has a family history of miscarriages and ectopic pregnancies. Knowing she’s at high risk, she shudders hearing politicians equate treatment for both with abortion.
“Instead of receiving medical care, … I would be treated potentially as a murderer,’’ Kelly said. She shared her fears with her husband recently, and he “immediately offered to get a vasectomy,” saying “it’s reversible and keeps you safe,” Kelly said.
Meanwhile, some states still have abortion bans on the books that date back to the 1800s. If Roe is overturned, those bans with vague definitions of abortion could snap back into effect.
“Some states don’t say what abortion is; they just say abortion is a crime,” said Mary Ziegler, a law professor at University of California, Davis. “There’s a history of defining abortion more broadly to include steps in IVF or some forms of contraception.”
The Supreme Court isn’t expected to issue its final ruling until June or July, but some states are already considering going beyond banning abortion. Lawmakers in Louisiana considered a proposal to make it a homicide — a plan the governor said could criminalize some types of contraception and parts of the in vitro fertilization process.
The legislation stalled, but it could signal future tactics.
Oklahoma passed a series of strict new anti-abortion measures after seeing abortions spike as a ban in nearby Texas sent women to surrounding states. Legislation passed Thursday and set to be signed by the governor has exceptions for ectopic pregnancies — despite opposition from at least one lawmaker — and contraception, too, but not a specific exception for in vitro fertilization.
The legislation, which is enforced through civil lawsuits similar to the Texas ban, would “provide strong, additional protection of the life of unborn children in Oklahoma,” Republican sponsor Rep. Wendi Stearman said in a statement.
A line describing an “unborn child” as one at any stage of gestation means it likely would not apply to embryos fertilized in a lab, leading some fertility doctors to say this bill would have little effect on people seeking IVF, but it could still apply to the selective reduction process sometimes used to remove a fetus from a woman’s womb if fertility treatments result in multiple pregnancies, said Seema Mohapatra, health law and bioethics professor at SMU Dedman School of Law.
“I think it is very reasonable to be fearful of what comes next,” Mohapatra said. “At what point does your reproductive decision making, even for people that are really, really desperately wanting a child, become constrained?”
___
Associated Press writer Kimberlee Kruesi in Tennessee contributed to this report.
Copyright 2022 The Associated Press. All rights reserved. | https://www.wibw.com/2022/05/23/if-roe-falls-some-fear-repercussions-reproductive-care/ | 2022-05-23T20:21:59Z |
Real Estate Development Heats Up for #1 Entertainment Brand
DALLAS, Sept. 6, 2022 /PRNewswire/ -- Urban Air Adventure Park, the largest indoor adventure park operator in the world and part of the youth enrichment growth-focused platform Unleashed Brands, celebrated its largest lease signing month in the past two years with eight leases signed for new parks during the month of August. This year, the brand has already signed 33 new leases across the country with an additional pipeline of 35 new locations in various stages of lease negotiations to expand Urban Air's footprint into more communities.
New park locations signed in August alone include Alpharetta, GA; Normal and Burbank, IL; Covington, LA; Largo, MD; Lawrenceville, NJ; Gainesville, VA and Vancouver, WA. In addition to the new leases, two sites have also been acquired for ground-up development. Most of the sites are buildings that will be converted into Urban Air parks, totaling more than 1.2 million square feet of new leased space across the U.S. and adding to Urban Air's cumulative footprint of more than 12 million square feet of commercial real estate.
"We are seeing tremendous real estate opportunities for our franchisees with the market right now and we are excited about the momentum for the brand as it enters new cities," said Unleashed Brands Chief Growth Officer Josh Wall.
Unleashed Brands has substantial development resources and an in-house team to assist franchisees with site selection, lease agreements and construction. The team looks for buildings that are 40,000 – 50,000 square feet with 18-foot clear heights, which is ideal for Urban Air build outs.
Urban Air is the largest indoor adventure park operator in the world with over 20 different attractions such as intense ropes courses, Urban Air's Sky Rider, Battle Beams, laser tag, dodgeball courts, electric Go-Karting, obstacle courses and more. Every park also offers an easy-to-execute, state-of-the-art, fast-casual café.
This year, Urban Air ranked as the No. 1 entertainment franchise in Entrepreneur Magazine's Annual Franchise 500 list, the world's first, best and most comprehensive franchise ranking.
To learn more about Urban Air and its franchising opportunities, visit https://urbanairfranchise.com/.
About Urban Air Adventure Park
Urban Air Adventure Park is the Nation's #1 destination for family fun, featuring a variety of attractions perfect for all ages. The award-winning national franchise brand is the largest adventure park operator in the world with more than 159 locations open and 130+ in development. Urban Air, founded in 2011, was in search of a higher purpose to help kids have fun while achieving activity goals that enhance their social and physical skills. For more information visit www.UrbanAir.com.
Unleashed Brands, currently includes portfolio brands Urban Air, Snapology, The Little Gym, XP League, Class 101 and Premier Martial Arts. and was founded to curate and grow a portfolio of the most innovative and profitable brands that help kids learn, play and grow. Over the last 10 years, the team at Unleashed Brands has built a proven platform and know-how for scaling businesses focused on serving families. Its mission is to impact the lives of every kid by providing fun, engaging and inspiring experiences that help them become who they are destined to be. For more information, please visit www.UnleashedBrandsplatform.com.
Media Contact: Sara Faiwell, Fishman Public Relations, sfaiwell@fishmanpr.com or (847) 945-1300
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SOURCE Urban Air Adventure Parks | https://www.wibw.com/prnewswire/2022/09/06/urban-air-adventure-park-signs-highest-number-new-leases-two-years/ | 2022-09-06T16:07:11Z |
LONDON, May 16, 2022 /PRNewswire/ -- The platinum market should move closer to balance in 2022, according to Johnson Matthey's latest PGM Market Report. This provides an overview of demand for platinum group metals in 2021 and an outlook for 2022, in advance of the annual London Platinum & Palladium Market week.
Platinum demand growth will be driven by rising consumption in catalysts for heavy duty trucks, and increased use of platinum (in place of palladium) in gasoline autocatalysts. South African platinum supplies will contract by 9%, with plant maintenance at the country's two largest PGM refiners, and mining activity hit by operational challenges. Industrial demand will remain robust, although it will retreat from the record levels seen in 2021 when Chinese glass companies purchased unusually large quantities of platinum.
Johnson Matthey's report shows that the palladium and rhodium markets could move back into deficit in 2022, with lower South African supplies and downside risks to Russian shipments. Demand growth will be constrained by weak vehicle output, and cost-saving programmes by auto and industrial consumers. High prices have triggered significant thrifting by Chinese automakers, increased substitution of palladium with platinum in gasoline autocatalysts, and reductions in rhodium use by glass companies. Prices for both metals remained strong during the first four months of 2022, with palladium climbing to an all-time high of over $3,300 in March as supply concerns intensified.
Rupen Raithatha, Market Research Director at Johnson Matthey, commented: "We expect weak car output to moderate PGM demand growth in 2022. In recent months we've seen repeated cuts to vehicle production forecasts, due to semiconductor shortages and supply chain disruption. There could be further downgrades to come, especially in China, where Covid disruption led to stoppages at some car plants during April. However, PGM supplies are also under pressure, with Russian shipments facing logistical and commercial hurdles, and South African mines losing production due to extreme weather, electricity shortages, safety stoppages, and intermittent labour disruption."
Industrial demand for platinum is forecast to fall short of 2021's record level, because some of the platinum required for this year's fibreglass expansions was acquired in advance. However, platinum consumption by the glass industry should remain robust by historical standards, reflecting the growing role of glass fibre reinforced materials in carbon reduction applications such as vehicle lightweighting and wind power. In contrast, glass sector demand for rhodium will be weak, with glass companies further reducing the rhodium content of alloys used in glassmaking equipment.
Stewart Brown, Research Manager at Johnson Matthey, said "Platinum alloys used in fibreglass production have traditionally contained 10−20% rhodium, to help glassmaking apparatus withstand extremely high temperatures. Using more rhodium allows for longer production campaigns, improves productivity, and reduces the frequency of recycling and refabricating equipment. Until very recently, 10% was widely regarded as the lower limit, but exceptionally high rhodium prices have driven some fibreglass companies to reduce the rhodium content of their alloys even further."
Demand for PGM in the chemical industry is forecast to enjoy double-digit growth in 2022, reflecting continued investment in Chinese petrochemicals capacity. Total PGM consumption in China's petroleum and chemical industries will rise by 12% and is set to exceed one million ounces for a fifth consecutive year. Johnson Matthey's May 2022 PGM Market Report includes a special feature on the impact of Chinese industrial policy on PGM demand.
Jason Jiang, Johnson Matthey's Market Research Manager for China, said: "The 13th Five Year Plan, which ran from 2016 to 2020, saw extensive modernisation of China's petroleum refining industry, and massive investment in 'building block' chemicals used in many industrial products. This has generated significant demand for all the PGM, especially platinum. Since 2016, we estimate that over 7 million oz of PGM have been purchased by Chinese petroleum refiners and chemicals producers. Going forward, there is potential for new PGM use in energy transition applications such as lower-carbon fuels and chemicals. Using PGM process catalysts often allows for more energy efficient reactions, with fewer unwanted byproducts and reduced water consumption."
Note to editors:
Johnson Matthey Plc's PGM Market Report can be viewed and downloaded from the website (https://platinum.matthey.com/market-research) and provides an overview of demand for platinum group metals in 2021 and an outlook for 2022. You can follow us on Twitter at @PMMJM.
Johnson Matthey's Market Research Department has undertaken fundamental research into the Platinum Group Metals markets since the 1980s. Since 1985, Johnson Matthey has published supply and demand data, in the Platinum and Interim Platinum series of reviews (1985−2013) and in the PGM Market Report (2014−2021). Previous reviews and reports can be downloaded from http://www.platinum.matthey.com/en/report-archive
Johnson Matthey is a global leader in sustainable technologies that enables a cleaner and healthier world. With over 200 years of sustained commitment to innovation and technological breakthroughs, we improve the performance, function and safety of our customers' products. Our science has a global impact in areas such as low emission transport, chemical processing and making the most efficient use of the planet's natural resources. Today about 15,000 Johnson Matthey professionals collaborate with our network of customers and partners to make a real difference to the world around us. For more information, visit www.matthey.com
Inspiring science, enhancing life
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SOURCE Johnson Matthey | https://www.wibw.com/prnewswire/2022/05/16/johnson-matthey-publishes-latest-pgm-market-report-2022/ | 2022-05-16T13:13:11Z |
MARLBOROUGH, Mass., May 24, 2022 /PRNewswire/ -- DALBAR congratulates the top five firms boasting the most efficient and user-friendly plan administration portals during our 2022 group benefits employer website study.
Principal Financial Group® took home the top spot on the strength of member management that allows employers to manage employee leave, order new benefit ID cards, and search for dental providers. A comprehensive Open Enrollment dashboard tracks workforce progress with benefits enrollment, while the Billing area offers every standard premium payment feature and the ability to customize billing groups and payment preferences.
"We've had a focused effort on simplifying benefit administration and providing relevant experiences for our customers. Receiving external recognition for these efforts is great validation that our investments are meeting employers' needs," says Kara Hoogensen, senior vice president of specialty benefits at Principal®.
Guardian ranked second, featuring plan management functionality such as requesting benefit portfolio changes and plan renewal resources to help map out future benefit packages. Page support blurbs reveal helpful hints for completing more complex tasks, and a secure communication channel with the benefits management provider offers multiple avenues of consistent communication with employers.
Unum finished third, offering intuitively designed employee management pages containing a wealth of information that can be shown or hidden to save loading time. A comprehensive Evidence of Insurability dashboard provides insight into employee EOI status, and a huge demo library ensures visitors have all the website assistance they could possibly need.
MetLife's unique customizability features helped them secure fourth place, including the capability to create Americans with Disabilities and Electronic Data Interchange dashboards. The Guided Plan Renewal workflow is valuable in assisting plan administrators to prepare for the next benefit year, and the Dependent IQ reporting interface offers a deep, customizable reporting library for analysis and comparison.
Lincoln Financial's flair for customization helped them finish fifth via a Content Manager section allowing administrators to add HR Notes to employees' landing pages. The Open Enrollment Checklist tracks the many annual tasks associated with enrollment, and an all-inclusive Message Center allows for simple, Life Event-driven employee communication.
DALBAR has a 45-year history of providing audits, evaluations and ratings, and its coveted seal is recognized as a mark of excellence in the financial services community. For more information on our group benefits website research, contact DALBARIntellect@dalbar.com.
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SOURCE DALBAR, Inc. | https://www.mysuncoast.com/prnewswire/2022/05/24/dalbar-these-5-firms-are-top-charts-online-group-benefits-administration/ | 2022-05-24T15:49:52Z |
BOSTON and ATLANTA, Aug. 8, 2022 /PRNewswire/ -- Inhibikase Therapeutics, Inc. (Nasdaq: IKT) (Inhibikase), a clinical-stage pharmaceutical company developing therapeutics to modify the course of Parkinson's disease and related disorders, today announced that it will report financial results for the second quarter ended June 30, 2022 on Friday, August 12, 2022, after the close of U.S. markets. Following the announcement, the Company will host a conference call and webcast at 8:00 a.m. ET on Monday, August 15, 2022 to provide a corporate update and review the financial results.
The conference call can be accessed by dialing 844-825-9789 (United States) or 412-317-5180 (International) with the conference code 10169366. A live webcast may be accessed using the link here, or by visiting the investors section of the Company's website at www.inhibikase.com. After the live webcast, the event will be archived on Inhibikase's website for approximately 90 days after the call.
Inhibikase Therapeutics, Inc. (Nasdaq: IKT) is a clinical-stage pharmaceutical company developing therapeutics for Parkinson's disease and related disorders. Inhibikase's multi-therapeutic pipeline focuses on neurodegeneration and its lead program IkT-148009, an Abelson Tyrosine Kinase (c-Abl) inhibitor, targets the treatment of Parkinson's disease inside and outside the brain. Its multi-therapeutic pipeline is pursuing Parkinson's-related disorders of the brain and GI tract, orphan indications related to Parkinson's disease such as Multiple System Atrophy, and drug delivery technologies for kinase inhibitors such as IkT-001Pro, a prodrug of the anticancer agent Imatinib that the Company believes will provide a better patient experience with fewer on-dosing side-effects. The Company's RAMP™ medicinal chemistry program has identified a number of follow-on compounds to IkT-148009 to be potentially applied to other cognitive and motor function diseases of the brain. Inhibikase is headquartered in Atlanta, Georgia with offices in Boston, Massachusetts.
Investors and others should note that the Company announces material financial information to investors using its investor relations website, press releases, SEC filings and public conference calls and webcasts. The Company intends to also use Twitter, Facebook, LinkedIn and YouTube as a means of disclosing information about the Company, its services and other matters and for complying with its disclosure obligations under Regulation FD.
Contacts:
Company Contact:
Milton H. Werner, Ph.D.
President & CEO
678-392-3419
info@inhibikase.com
Investor Relations:
Alex Lobo
SternIR, Inc.
alex.lobo@sternir.com
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SOURCE Inhibikase Therapeutics, Inc. | https://www.mysuncoast.com/prnewswire/2022/08/08/inhibikase-therapeutics-report-second-quarter-2022-financial-results-august-12-2022/ | 2022-08-08T13:19:03Z |
Snake River Baseball uses big sixth inning to win play-in game and advance to states
POCATELLO, Idaho (KIFI) - The Snake River Panthers are state-bound thanks to a four-run sixth inning that put the Panthers ahead and gave them a lead they would not surrender.
Snake River entered the sixth inning against Filler tied at five, but then, the bats were ignited once again.
Cayson Fisher hit a hard line drive to right to score Rylan Ibarra and give the Panthers a 6-5 lead. Easton Gardner then scored Fisher on an RBI single to make it 7-5 and Dante Santillon drove in two more on a two-run double.
Snake River got the final six outs with ease to punch its ticket to states.
Next up, Snake River will be the #5 seed in next week's 3A state tournament, and the Panthers will face Sugar-Salem in the first round Thursday at 1:00 p.m. | https://localnews8.com/sports/local-sports/2022/05/14/snake-river-baseball-uses-big-sixth-inning-to-win-play-in-game-and-advance-to-states/ | 2022-05-15T04:19:13Z |
EXPLAINER: What are the key climate themes at Davos?
By PETER PRENGAMAN
Associated Press
DAVOS, Switzerland (AP) — While the COVID-19 pandemic and Russia’s war in Ukraine will be focuses of the World Economic Forum’s gathering of business and government leaders, so too will climate change. It’s captured the world’s attention in unignorable and devastating ways.
The acceleration of rising temperatures, the ferocity and costliness of major weather events, and the impact, particularly on people in developing countries, have pushed the issue from one of science to something that touches every aspect of life, including (or, perhaps especially) business and economics.
Of the roughly 270 panels Monday through Thursday, one-third are about climate change or its direct effects. U.S. climate envoy John Kerry, Ugandan climate activist Vanessa Nakate and Alok Sharma, president of last year’s international climate conference COP26, are among the climate leaders expected in the Swiss resort town of Davos.
At the forum’s first in-person gathering in two years, the climate panels are as varied as the issue. They range from combating “eco-anxiety” to helping debt-ridden countries finance a renewable transition. Here’s a look at some broader themes that are likely to emerge:
ENVIRONMENTAL, SOCIAL, GOVERNANCE
Several panels will wrestle with an approach to investing that considers the environment and other key factors. Known by the acronym ESG, it’s become a force, with trillions of dollars invested in companies that meet certain criteria.
When it comes to climate change, ESG can be important. For individual investors all the way up to firms and government agencies that analyze how companies operate, disclosures and public declarations are paramount. They can be the basis of evaluating a company’s emissions, environmental impact and financial risks tied to climate change.
They are also controversial and raise questions: Should certain declarations be mandatory? Should they be standardized and regulated, and by whom? Or has the ESG movement already gone too far, ultimately hindering investment and doing little to rein in greenhouse gas emissions?
Viewpoints sometimes fall along political lines. In the U.S., many Republicans call them “woke,” while many on the left, particularly environmentalists and campaigners, argue that ramping up reporting and transparency could lead to real change.
Many managers of some of the world’s largest mutual funds have argued ESG is essential to evaluate risk. Just last week, Tesla CEO Elon Musk said the approach had “been weaponized by phony social justice warriors.”
ENERGY TRANSITION AND ‘NET ZERO’
The world’s top climate scientists have warned that significantly reducing greenhouse gas emissions this decade is necessary to minimize warming and avoid the most devastating effects to the planet. That will require major changes in how business is done, from the way products are produced to how they are transported.
Several panels will look at areas where businesses have successfully transitioned much of their energy portfolio to renewables, the role of finance and government to incentivize or mandate changes, and strategies to keep businesses accountable. Despite heightened consciousness and pledges by businesses, emissions are going up worldwide.
“Moving climate debate from ambition to delivery” is a title of one panel that sums up the enormous challenge.
Sessions will look at sectors, like decarbonizing shipping and aviation, renewable transition plans and the challenges of achieving them in countries like China and India. There will be discussion of strategies to ensure major shifts are inclusive and consider people in historically marginalized countries, which are feeling some of the most intense effects of climate change.
An important current through all the discussions will be identifying what “net zero” is — and isn’t — when looking at pledges from companies and countries. Moving away from fossil fuels like coal and oil to renewables like solar and wind can reduce emissions and get a company closer to goals of taking an equal amount of emissions out of the atmosphere as it puts in.
But a transition to renewables often makes up only a small part of company plans. Many rely on balancing their carbon footprint by investing in forest restoration or other projects. While better than nothing, experts note that depending on carbon offsets doesn’t represent a shift in business practices.
WAR IN UKRAINE AND THE FUTURE OF ENERGY
Russia’s war in Ukraine will loom large at the conference. When it comes to climate change, the conflict raises two central questions: How should countries respond to energy shocks from reducing or being cut off from Russian oil and gas? And will the war hasten the transition to renewable energies or help fossil fuel companies maintain the status quo?
Since the war began, there has been no shortage of businesses, environmentalists and political leaders trying to influence the answers to those questions, which will carry over to Davos.
“Energy Security and the European Green Deal” is one panel where participants are expected to argue that the way forward is away from fossil fuels. But European countries, some of which are heavily reliant on Russia for energy, also are scrambling to find other sources of natural gas and oil to meet short-term needs.
While no sessions explicitly make the case for a doubling down on reliance on fossil fuels or expanding extraction or exploration, if the last few months are any guide, those points of view will certainly be present.
___
Peter Prengaman is the Associated Press’ global climate and environmental news director. Follow him here: http://twitter.com/peterprengaman
___
Associated Press climate and environmental coverage receives support from several private foundations. See more about AP’s climate initiative here. The AP is solely responsible for all content. | https://localnews8.com/news/ap-national-business/2022/05/22/explainer-what-are-the-key-climate-themes-at-davos/ | 2022-05-22T18:14:50Z |
Joint US-Indonesia war games to expand to 14 nations as tensions simmer in Indo-Pacific
By Masrur Jamaluddin and Brad Lendon, CNN
The Indonesian and United States militaries are expanding their annual bilateral exercises to 14 participating countries, the Indonesian Army said in a news release Thursday.
Troops from the United Kingdom, Australia, Japan, Malaysia, Singapore and Canada will be among those joining the Garuda Shield 2022 exercises from August 1 to 14, the army said. The 16th edition of the war games will include live-fire exercises, special operations and aviation components among other disciplines, it added.
The expansion of the exercises comes at a time of simmering tension in the region, with analysts saying the move signals Indonesia has moved closer to the US than China in military cooperation.
Last year’s Garuda Shield involved two US Army divisions — about 1,000 soldiers — as well as their Indonesian counterparts in what the US Army said was the largest edition of the war games to date.
“The two-week Garuda Shield joint-exercise continues to solidify the U.S. — Indonesia Major Defense Partnership and advances cooperation in support of a free and open Indo-Pacific region,” a US Army statement said in advance of last year’s exercises.
Indonesia did not give an estimation of how many troops from each of the 14 countries would participate in this year’s Garuda Shield.
The US military and US Embassy in Jakarta had no immediate comment on the exercises.
South China Sea disputes
Indonesia sits on the southern edges of the South China Sea, which has been a hotbed of military activity over the past few years as China has militarized disputed islands there and the US and its partners have challenged those claims.
In March, China’s state-run Global Times tabloid accused US Adm. John Aquilino, the head of the US Indo-Pacific Command, of attempting to copy the Ukraine crisis in the Asia-Pacific, rallying allies, partners and other countries in the region to confront China.
The Global Times comments came after Aquilino took journalists on a flight over the South China Sea to highlight Beijing’s militarization of the disputed islands.
Analysts say Indonesia has long tried to avoid taking sides in the US-China dispute in the South China Sea.
But they note that in the past year Beijing has been assertive in pushing its claims near the Natuna Islands in an area inside Indonesia’s Exclusive Economic Zone but also inside China’s “nine-dash line,” under which Beijing claims control over almost all of the South China Sea.
Col. Frega Wenas Inkiriwang, North Jakarta Military District commander and lecturer at the Indonesian Defense University, said China’s current behavior is increasing the risk of conflict in the region as nations boost their military presence, including Indonesia, which has strengthened its forces around the Natuna Islands.
But don’t expect Jakarta to call out Beijing directly, said Collin Koh, a research fellow at the S. Rajaratnam School of International Studies in Singapore.
Indonesia “may avoid megaphone diplomacy and directly confronting … China over the South China Sea issues, but it’ll undertake actions that subtly signal to Beijing — and back home to the domestic audience — its desire to safeguard its national interests,” Koh said.
He called the expansion of the Garuda Shield war games “especially noteworthy” as “Indonesia is always cautious about signaling where it comes to sensitivities surrounding the South China Sea issues” and its ties with the United States and China.
“Clearly Indonesia wishes to engage in external balancing in the South China Sea, while using this as a platform to project its stature and influence in terms of multilateral defense diplomacy,” Koh said.
Frega noted that Indonesia and China once held joint military exercises called “Sharp Knife,” but the last iteration of those was in 2014.
Now, he said, in terms of military cooperation Indonesia is clearly closer to the US than China.
Frega also said Indonesia has long maintained close military ties with Japan and Australia, so their inclusion in Garuda Shield 2022 should not be surprising.
But he said, because Japan and Australia like the US have been highly critical of China’s actions in the South China Sea, the news of the August exercises could be expected to be “received uncomfortably” in Beijing.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/national-world/cnn-asia-pacific/2022/04/08/joint-us-indonesia-war-games-to-expand-to-14-nations-as-tensions-simmer-in-indo-pacific/ | 2022-04-09T03:31:29Z |
- The Partnership Brings 65 exciting episodes of Pinkfong Baby Shark to Giga Gloob, the leading streaming service in South America, starting from September 2022
- With the world's most-viewed YouTube video in the Portuguese language, the programs will delight kids and families in Brazil
SEOUL, South Korea, Sept. 16, 2022 /PRNewswire/ -- The Pinkfong Company, the global entertainment company behind Baby Shark, announced its partnership with Grupo Globo, the largest media group in Latin America to expand its reach to audiences in Brazil. The subscribers of Giga Gloob, a streaming service for kids owned by Grupo Globo, now can enjoy a total of 65 episodes of 'Pinkfong Baby Shark Remix' and 'Pinkfong Animal Songs', including the most-viewed YouTube video in Portuguese. These two programs encompass the title songs from Baby Shark Song Compilation, which topped the Portuguese Pinkfong Baby Shark YouTube channel in viewing time.
Latin America, including Brazil, has been one of the top regions that have brought the most followers to Pinkfong content on Youtube and still its popularity keeps growing. In early 2022, Pinkfong's Spanish YouTube channel amassed 10 million subscribers while its content hit 4.4 billion cumulative views. In addition, Pinkfong's Portuguese YouTube channel surpassed 2 million subscribers while its flagship content "Shark 123 and more kids songs (Tubarão 123 e mais músicas infantis)'' hit over 100 million views.
Providing both linear channels and on-demand programming in a single experience, FAST (Free Ad-Supported TV) became one of the most notable streaming services in modern days. As part of its strategy to meet more fans around the world, Pinkfong Baby Shark has expanded its presence on the FAST market, bringing kids-friendly content to the powerful FAST channels across the globe, including Samsung TV Plus MX and Pluto TV LATAM.
"We're delighted to partner with Grupo Globo and offer the beloved Pinkfong and Baby Shark content through Giga Gloob, one of the fastest-growing channels in Brazil," said Gemma Joo, Chief Business Officer at The Pinkfong Company. "We didn't know our content would be loved so much in Brazil and can't wait to bring more joy to the Brazilian fans through our entertaining content."
The official of Grupo Globo mentioned "We believe in the positive energy of Pinkfong and Baby Shark. Therefore, by displaying the content of The Pinkfong Company on Giga Gloob, we expect our Brazilian children to enjoy and get a positive influence by its educational and yet entertaining content."
The popularity of Baby Shark and Pinkfong in Latin America was also proved at the "Pinkfong Wonderstar's First Exhibition", an interactive exhibition conducted by The Pinkfong Company last year at the Korean Cultural Center in Brazil. In celebration of Children's Month, various characters of The Pinkfong Company, including Pinkfong and Babyshark, brought warm and positive energy to Brazilian children. During the month of the event, the total number of visitors hit nearly 7,500, marking the highest number of visitors since the opening of the Korean Cultural Center in Brazil.
Continuous achievements of The Pinkfong Company keep making its global fans look forward to the future. The Pinkfong Company launched Bebefinn, a new 3D-animated sing-along series following the heartwarming adventures of the three lovable babies and their parents in April 2022. Its English YouTube channel achieved YouTube's Gold Creator Award by amassing 1 million subscribers within three months of its launch.
The Pinkfong Company has appointed Lotus Global as licensing agent in Brazil. As part of a strategy focused on extending the reach of its presence, Lotus Global will take Pinkfong's content beyond the screen to reach fans – kids and family - with consumer products and build brand loyalty. The consumer products plans include the exploitation of key categories such as a full line of toys, apparel and footwear, stationary and publishing items in stores by the middle of 2023.
About The Pinkfong Company
The Pinkfong Company is a global entertainment company that delivers content and entertaining experiences around the world. Driven by award-winning brands and IPs, the company has created and distributed a range of content across genres and formats including original animated series, world live tours, interactive games, and more. Believing in the power of entertaining and engaging content, The Pinkfong Company is committed to connecting people around the world and bringing joy and inspiration to worldwide audiences of all ages. For more information, please visit the website or follow the company on LinkedIn.
About Lotus Global Marketing
Lotus Global, a Brazilian-based company that operates for over 30 years in the marketing and licensing segments, working and representing leading companies in the entertainment, sports, games, arts and digital areas.
In addition to exploring licensing and helping our business partners develop and establish their IPs in the territory, the company also operates in two more segments:
- Entertainment: through the production of live children's shows and events, on the various stages of production: from script to casting, set design and costumes, music and soundtrack, post-production, marketing and exhibition;
- Digital marketing: by developing campaigns and managing our partners' social media channels, interacting with the targeted audience and seeking solutions to improve fan engagement through digital marketing actions.
Contact our team at: marketing@lotusglobalmkt.com
Links: Twitter l LinkedIn l Instagram
Contact
Natalie Kim, Communications Manager at The Pinkfong Company
natalie@pinkfong.com
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SOURCE The Pinkfong Company | https://www.kxii.com/prnewswire/2022/09/16/pinkfong-company-partners-with-grupo-globo-delight-families-brazil-with-baby-shark-content/ | 2022-09-16T13:52:24Z |
The recent arrests of 31 people accused of planning to riot near a Pride parade in Idaho might be perplexing to some, but White supremacy goes beyond just intolerance for racial groups.
White supremacy has long been bound up with rigid views about gender, masculinity and sexuality.
Take a long-since-forgotten Ku Klux Klan raid on a gay nightclub in what's today Miami-Dade County. In November 1937, nearly 200 members of the Klan, wearing spectral robes, publicly burned a cross during an induction ceremony.
Then they descended on La Paloma nightclub, where they assaulted patrons in an attempt to close a joint that the Klan saw as an affront to tradition.
Julio Capó Jr., an associate professor of history at Florida International University, analyzes how the raid and transnational forces shaped the city's history in his 2017 book, "Welcome to Fairyland: Queer Miami Before 1940."
Capó has written before that the Klan claimed that its actions during the raid and elsewhere "represented its commitment to saving White homes, families, women and traditions."
To further explore the White supremacist dynamics that were on display last weekend in Idaho, we spoke with Capó, whose research focuses on how gender and sexuality have historically intersected with ethnicity, race, class and other aspects of identity.
Our conversation has been lightly edited for length and clarity.
Why would White supremacists target a Pride event? Isn't their bigotry focused elsewhere?
Homophobia is often rooted and embedded in anti-Blackness, in forms of White supremacy, including in building a particular vision of what the nation should look like or what they (White supremacists) imagine the nation should look like. Homophobia, whether it looks like an attack on a gay club or different forms of policy, is very much about White supremacy. Homophobia and White supremacy are often parts of the same structure.
The names of White supremacist groups change over time. But their core ambitions stay the same: They want to maintain a rigid social order. Could you give an example of a historical parallel that might put into context what happened last weekend?
As advances are made in, for example, LGBTQ rights, there's a kind of fear among White supremacist groups that they're losing their power. This story is now decades if not centuries old.
When I was writing my book, I uncovered a raid on a gay bar on the outskirts of Miami called La Paloma. It was raided in November 1937, but not by police. It was raided by nearly 200 members of the Ku Klux Klan.
A lot of people wanted Miami to be this town where they could live what they imagined to be a moral life (or) or live in what they wanted to be a model city. The city relied heavily on its tourist industry and on things like queer culture and queer entertainment, which provided forms of tourist dollars and pesos from the Caribbean and Latin America during this time.
There was a debate about what Miami should look like, and the Klan wrote to the city commission basically saying, "Hey, there's all this stuff going on, and if law enforcement looks the other way, we'll take this into our own hands," and they did. They raided the club.
We could even take this more recently to Charlottesville, where some of the chants that you heard were "f**s, go home." So, this isn't a new story.
Among some White supremacist groups, there's talk about declining birth rates and shifting demographics. Are there any links between these ideas and White supremacists' perceptions of LGBTQ communities?
So much of this is at the root of anti-Blackness and anti-LGBTQ sentiments. Whether it was the integration of Black children into schools that had historically been White or something else, people have always talked about being concerned about children. The modeling and the language of "save the children" often gets employed by a lot of these groups -- that no doubt happened in the 1970s with the Anita Bryant campaign. Much of this is tied to child protectionist language and to a very particular idea of what morality looks like or doesn't look like and the dangers of being exposed to LGBTQ history or people. And the same with Black history. It's such an interconnected history.
What do you think is important for people to take away from an attempted White supremacist riot near a Pride parade? It seems hard to separate this conspiracy to riot from many Republican leaders' insistence on demonizing LGBTQ Americans.
We are very much in a particular political climate and in a very difficult time for a number of reasons. We're seeing these tensions boil over, and not in new ways but perhaps in different ways. Anita Bryant won that battle in the '70s, but she didn't win that war.
I think that it's really important to find moments of hope. With the Idaho Pride event, someone reported it. Someone voiced their concern. In 1937, La Paloma reopened within just a few weeks, even though the Klan tried to shut it down.
When people still host Pride events, when people still stand up for one another -- these are forms of resistance and resilience, and should be understood as such.
The FBI is investigating what happened in Idaho, and a number of cities with upcoming Pride celebrations are giving their security measures a second look. They're working to prevent violence in the short term. But what do you think needs to be done to find a long-term solution?
One of the things that has to happen is that we really have to understand these issues -- anti-Blackness, homophobia, misogyny, classism -- as interconnected and in this way combat them. There's no one quick solution. Rather, there's a structural one that we need to work toward.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/news/white-supremacy-has-long-had-ties-to-anti-lgbtq-bigotry/article_a13176cc-1586-575d-b293-67c91b218b1b.html | 2022-06-15T14:39:07Z |
Uvalde police chief Pete Arredondo speaks at a press conference following the shooting at Robb Elementary School in Uvalde, Texas on May 24. The Uvalde Consolidated Independent School District is searching for an interim police chief as Chief Pete Arredondo is on unpaid leave while he awaits a termination hearing.
The Uvalde Consolidated Independent School District is searching for an interim police chief as Chief Pete Arredondo is on unpaid leave while he awaits a termination hearing, school board Superintendent Hal Harrell said Monday.
"We continue to search and talk to different organizations about an interim police chief or an interim team," Harrell said in a public meeting Monday evening. "There have been four officers who have been recommended for hire. They are all from out of town and they look like very promising candidates, lots of years of experience. So we will continue on that progress as well."
The board's search was previously reported by the local online newspaper Uvalde Hesperian, citing comments given by school board President Luis Fernandez at a Rotary Club meeting last week.
Arredondo was placed on unpaid leave following his highly criticized handling of the massacre at Robb Elementary School in May, in which 19 children and two teachers were killed. Officials have said Arredondo was the on-scene commander during the shooting, but the chief has disputed this, saying he did not believe he was in charge.
The Uvalde superintendent recommended Arredondo be fired in the wake of the tragedy and amid growing anger from residents and families who demanded the chief be terminated from the position.
The school board has postponed Arredondo's termination hearing twice because of requests from his attorney involving his right to due process. Most recently, the board pushed off the meeting due to a "scheduling conflict" which prevented the hearing from being held on August 4, the district said. A new hearing date was not set at the time.
Harrell also provided updates on safety measures being implemented for the new school year, including at least 500 cameras to be purchased for the district, designated points of entry for parents and visitors and the continued installation of fences, although it's not clear if the fences will be completed by the first day of school.
The school district recently completed a wifi audit to see what needs to be strengthened and is also in the process of getting an estimate for security film and glass, Harrell said. He said the school district has spent approximately $4.5 million on security and community support this summer, which was from a variety of funding resources.
The Texas Department of Public Safety has officially agreed to have 33 officers assigned to Uvalde school campuses and will remain there throughout the school year, Harrell said. He added that each officer will be assigned to a designated campus.
Fernandez confirmed the school district has zeroed in on a property to replace Robb Elementary, which the district has said students will not return to, according to the Uvalde Hesperian report.
Additionally, Fernandez said the district will approach fire drills differently, using the intercom system instead of sirens, the paper reported.
CNN has reached out to the school district and the Texas Department of Public Safety for confirmation and comment, and has not immediately heard back.
Following the massacre, a report from a Texas House Investigative Committee identified widespread failures across responding law enforcement agencies during the shooting. The report also concluded Arredondo failed to assume his responsibility as the on-scene commander during the incident.
Responding officers arrived at the school within minutes of the shooter entering the building on May 24, but it took more than an hour for law enforcement to enter the adjoining classrooms and kill the gunman, according to a timeline from the Texas Department of Public Safety.
"At Robb Elementary, law enforcement responders failed to adhere to their active shooter training, and they failed to prioritize saving the lives of innocent victims over their own safety," the report said, adding, "The void of leadership could have contributed to the loss of life as injured victims waited over an hour for help, and the attacker continued to sporadically fire his weapon."
Arredondo has resisted officials' statements identifying him as the leading officer, saying he "was responding as a police officer" and did not consider himself to be in charge.
However, video footage from body-worn cameras and security cameras shows officers on the scene deferring to Arredondo when they are unsure of their role during the shooting and also shows Arredondo giving orders and coordinating personnel, according to a CNN analysis of the footage.
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Tar Heels’ Caleb Love returning after NCAA title game run
By AARON BEARD
AP Basketball Writer
North Carolina guard Caleb Love is returning for his junior season. Getting Love back is a huge boost for the Tar Heels after their improbable run to the NCAA championship game. He announced his decision in a social-media video on Sunday, the last day for players to declare themselves eligible for the NBA draft. With Love’s return, the Tar Heels will bring back every starter except floor-stretching big man Brady Manek. Love was considered a potential second-round NBA draft pick. He has athleticism and game-changing scoring potential that was critical to the Tar Heels reaching a record 21st Final Four in coach Hubert Davis’ debut season. | https://localnews8.com/sports/ap-national-sports/2022/04/24/tar-heels-caleb-love-returning-after-ncaa-title-game-run/ | 2022-04-25T00:32:21Z |
Two family dogs attack, kill 70-year-old woman, sheriff says
SEVIER COUNTY, Tenn. (WVLT/Gray News) - A 70-year-old woman was killed by two family dogs in Tennessee, according to police.
Sevier County Sheriff Ron Seals said officers responded to a residence on Olympic View Court in Seymour on June 3. Upon arrival, they found a woman dead with “numerous” dog bites. She was identified as Debbie Boyd, according to police.
Two large Rottweiler dogs were found in the fenced-in yard of the home, secured by family members prior to the officers’ arrival, officials said.
“It was determined that the dogs were in the home with the victim at the time of the attack along with a small child, who was uninjured,” Seals stated.
The Animal Control Division captured the dogs and took them to an animal housing facility. Sheriff Seals said the animals would remain at the facility until the investigation concludes.
Boyd was taken to the Knox County Regional Forensic Center in Knoxville for an autopsy.
The investigation remains ongoing, according to officials.
Copyright 2022 Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/06/06/two-family-dogs-attack-kill-70-year-old-woman-sheriff-says/ | 2022-06-06T22:43:25Z |
NEW YORK, July 13, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Okta, Inc..
Shareholders who purchased shares of OKTA 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.
CLASS PERIOD: March 5, 2021 to March 22, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) Okta had inadequate cybersecurity controls; (ii) as a result, Okta's systems were vulnerable to data breaches; (iii) Okta ultimately did experience a data breach caused by a hacking group, which potentially affected hundreds of Okta customers; (iv) Okta initially did not disclose and subsequently downplayed the severity of the data breach; (v) all the foregoing, once revealed, was likely to have a material negative impact on Okta's business, financial condition, and reputation; and (vi) as a result, the Company's public statements were materially false and misleading at all relevant times.
DEADLINE: July 19, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/okta-inc-loss-submission-form/?id=29730&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of OKTA 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 July 19, 2022. There is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm | https://www.wibw.com/prnewswire/2022/07/13/shareholder-alert-gross-law-firm-notifies-shareholders-okta-inc-class-action-lawsuit-lead-plaintiff-deadline-july-19-2022-nasdaq-okta/ | 2022-07-13T11:02:42Z |
NASHVILLE, Tenn. and HUNTSVILLE, Ala., June 13, 2022 PRNewswire/ -- The Kirkland Company is pleased to announce the sale of The Windsor, an 88-unit complex, and Cambridge Court, a 64-unit complex, both located in the heart of Huntsville, Alabama. The combined purchase price for both properties is approximately $17,500,000. The properties are comprised of studio, one-bedroom and two-bedroom apartments.
"Windsor and Cambridge are a perfect pairing for our entry into the Huntsville market. We have been attracted to Huntsville for a few years' time. The job demand drivers, high levels of intellectual capital, wonderful lifestyle and general affordability are exactly what we seek in investment markets. We are keen to grow our local portfolio vastly in the next 12 months and hope to find opportunities to put our capital to work," said Jonathan More of Mayfair. "Eric Hardesty of the Kirkland Company is a consummate professional and had a excellent handle on all moving parts throughout the deal process."
"This was a particularly challenging transaction with two disparate, yet experienced sellers. Mayfair and Navarino performed very well, dual tracking the transactions, and closing both deals simultaneously despite the market volatility and economic headwinds", said Eric Hardesty. "We look forward to getting many more of these done in the future with Navarino and Mayfair."
Eric Hardesty, Stephen Perlis, and Wade Lowry brokered the transaction between the buyers, Mayfair and Navarino, and the sellers, 3MC Partners and Penn Capital Group.
Please contact The Kirkland Company at 205-225-7000 for multifamily opportunities in the state of Alabama.
The Kirkland Company is headquartered in Nashville, Tennessee and specializes in the sale of apartment communities in ten states across the Southeast. The TKC team has closed over 769 multifamily investment transactions since inception. Find out more about TKC at www.thekirklandco.com.--
Founded in 2013, Mayfair is a real estate owner-operator which seeks value-add investments and long-term asset appreciation of all asset classes. Florida, Alabama and other southeastern states are the firm's main focus areas, with a proclivity towards emerging and gentrifying markets with excellent transportation access. The firm is led by Jonathan More, Mayfair's principal with 19 years of experience in real estate finance, investments and asset management. Deal size targets are $5MM - $50MM, though larger transactions will be considered. For more information, please visit www.mayfairip.com.
Founded in 2009, Navarino Capital Management is the investment partnership arm of a second-generation Connecticut owner-operator. The principals have over 50 years of combined industry experience and have investments totaling more than $670MM. Navarino's principals have acquired approximately 4,000 multifamily units across 60 properties. While managing the portfolio and disposing of select assets during the last cycle, Navarino is currently redeploying capital and acquiring properties in Connecticut, Alabama, Florida, Rhode Island, Georgia, and Tennessee. Navarino has in-house property management capabilities through Navarino Property Management. For more information, please visit www.navarinoproperty.com.
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SOURCE The Kirkland Company | https://www.wibw.com/prnewswire/2022/06/13/mayfair-navarino-enter-huntsville-with-acquisitions-cambridge-court-windsor-apartments/ | 2022-06-13T17:21:55Z |
Rhodes slides past Hocevar on Bristol dirt to win truck race
By JENNA FRYER
AP Auto Racing Writer
BRISTOL, Tenn. (AP) — Ben Rhodes used a crossover move to slide past Carson Hocevar and drift his way to victory in the Truck Series race at dirt-covered Bristol Motor Speedway. The reigning Truck Series champion won Saturday for the first time in six races this season and sixth time of his career. Prior to the win, Rhodes this season had four top-fives and a pair of runner-up finishes through five races. He was second at Bristol a year ago and dominated Saturday by leading 95 of the 150 laps, only to nearly sabotage his chances with a strategy error. | https://localnews8.com/sports/ap-national-sports/2022/04/16/rhodes-slides-past-hocevar-on-bristol-dirt-to-win-truck-race/ | 2022-04-17T03:36:46Z |
Federal agency enters new multi-year partnership with Avel eCare with additional telemedicine services to improve the health of tribal communities and ensure access to care in rural areas.
SIOUX FALLS, S.D., Aug. 4, 2022 /PRNewswire/ -- Avel eCare today announced it has entered into a new strategic partnership with the Indian Health Services (IHS), a department within the U.S. Department of Health and Human Services (DHHS). This partnership enables Avel eCare to deliver telemedicine services to more than 145,000 American Indians and Alaska Natives in the rural Midwest health network for the next five years and expands the existing program to include sexual assault medical forensic exams (eSANE) and psychiatric support for emergency departments in the Great Plains Area.
"Telemedicine is one of the best ways to ensure vital access to quality healthcare in these remote, hard-to-reach tribal communities. Before this, many tribal members would either travel hundreds of miles to see a doctor or forgo care altogether. We look forward to furthering our impact on the lives of patients and providers and continuing our work addressing health disparities for this vulnerable population," said Brian Erickson, Vice President and GM of Behavioral Health and Specialty Clinic at Avel eCare.
More than half of the American Indian population live in rural areas, and statistics show American Indians have a life expectancy that is 5.5 years less than the average.
Avel eCare began its relationship with IHS in 2017 when the telemedicine provider was awarded a contract to deliver Specialty Clinic services to reservations in the Great Plains Area, which includes Nebraska, North Dakota, and South Dakota. In 2019, the partnership expanded into the Billings Area across Montana and Wyoming.
In the past five years, Avel eCare's providers have scheduled more than 50,000 appointments, transforming care delivery to American Indian patients and helping restore health equity in the process.
For more information on Avel eCare's telemedicine services, visit: www.avelecare.com/services
Avel eCare offers the largest and most comprehensive virtual health networks in the world, partnering with more than 650 health care systems, rural hospitals, outpatient clinics, long-term care facilities, schools, and correctional facilities across the country.
Media Contact:
Andrea LePain
andrea@emediajunction.com
617-894-1153
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SOURCE Avel eCARE/eMedia Junction | https://www.wibw.com/prnewswire/2022/08/04/indian-health-services-network-expands-telemedicine-alliance-with-avel-ecare/ | 2022-08-04T13:19:32Z |
NEW YORK , June 28, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Tupperware Brands Corporation (NYSE: TUP) alleging that the Company violated federal securities laws.
Class Period: November 3, 2021 to May 3, 2022
Lead Plaintiff Deadline: August 15, 2022
No obligation or cost to you.
Learn more about your recoverable losses in TUP:
https://www.kleinstocklaw.com/pslra-1/tupperware-brands-corporation-loss-submission-form-2?id=29226&from=4
Tupperware Brands Corporation NEWS - TUP NEWS
CLASS ACTION CASE DETAILS: The filed complaint alleges that Tupperware Brands Corporation made materially false and/or misleading statements and/or failed to disclose that: (i) Tupperware was facing significant challenges in maintaining its earnings and sales performance; (ii) accordingly, Tupperware's full-year 2022 guidance was unrealistic and/or unsustainable; (iii) all the foregoing, once revealed, was likely to have a material negative impact on Tupperware's financial condition; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Tupperware you have until August 15, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Tupperware securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the TUP lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/tupperware-brands-corporation-loss-submission-form-2?id=29226&from=4.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com
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SOURCE The Klein Law Firm | https://www.kxii.com/prnewswire/2022/06/28/tup-alert-klein-law-firm-announces-lead-plaintiff-deadline-august-15-2022-class-action-filed-behalf-tupperware-brands-corporation-shareholders/ | 2022-06-28T10:26:44Z |
Police say 5 fetuses found in a DC home allegedly owned by an anti-abortion activist
By Mary Kay Mallonee and Rashard Rose, CNN
Police say they found five fetuses in a home in Washington, DC, on Wednesday, days after the indictment of several anti-abortion activists — including a woman believed to live in the home where the fetuses were discovered — on charges of blocking access to a reproductive health clinic in 2020.
Officers were called to the home in the Capitol Hill area “to investigate a tip regarding potential bio-hazard material,” the Metro Police Department said in a statement. When they entered the home, they discovered five fetuses, police said.
DC Police have not announced any arrests in connection with the fetuses, but said the investigation is ongoing.
CNN affiliate WUSA was on the scene and reported that the home was occupied by Lauren Handy, an anti-abortion activist. CNN has not independently verified that Handy was staying in the home.
The WUSA crew saw police removing evidence in red biohazard bags and coolers. WUSA reported that Handy declined to speak to them on-camera, but told them she expected the raid to happen “sooner or later.” She wouldn’t tell WUSA what was in the coolers that were removed from the home, but said, “people would freak out when they heard.”
Police said the fetuses were collected by the DC medical examiner’s office.
DC Police Executive Assistant Chief Ashan Benedict told reporters on Thursday that the fetuses were aborted in accordance with DC law.
Indicted for allegedly blocking a clinic providing abortion services
Separately, Handy and eight other anti-abortion activists were indicted last week by a federal grand jury for allegedly blocking access in 2020 to a DC clinic that provides abortion services.
Handy and the other defendants “conspired” with each other to obstruct the clinic on October 22, 2020, and to threaten or intimidate patients and employees of the clinic, according to the indictment.
The defendants traveled to DC from other states and used deception and force to gain access to the clinic, according to the indictment. “The conspirators brought tools to barricade themselves inside the Clinic, including ropes and chains.”
Days before the incident, prosecutors allege Handy called the clinic and “falsely represented herself as a female named ‘Hazel Jenkins’ who needed reproductive health services, and made an appointment for 9:00 a.m.,” on October 22, according to court documents.
One member of the group, Jonathan Darnel, while outside the clinic, created an event on his Facebook account called, “No one dies today,” the indictment said.
When the clinic opened, the defendants “forcefully pushed through the Clinic door into the Clinic’s waiting room,” according to the indictment. The forceful entry allegedly caused a nurse “to stumble and sprain her ankle.”
Once inside the clinic, the defendants began blockading clinic doors and treatment areas, the indictment said.
When a patient arrived, the “conspirators blocked her from entering the Clinic’s treatment area.” The indictment said Handy stood at the doorway of the clinic’s main entrance “and blocked individuals trying to enter the waiting room.”
Prosecutors say Darnel began live-streaming on Facebook, saying, “We have people intervening physically with their bodies to prevent women from entering the clinic to murder their children.”
The defendants are each charged with one count of conspiracy against rights and one count of violating the Freedom of Access to Clinic Entrances Act.
“If convicted of the offenses, the defendants each face up to a maximum of 11 years in prison, three years of supervised release and a fine of up to $350,000,” the Justice Department said in a news release Wednesday.
The anti-abortion group “Progressive Anti-Abortion Uprising” (PAAU) lists Handy as a member of its leadership team on its website.
PAAU tweeted Wednesday, “This morning, PAAU Director of Activism Lauren Handy was arrested and is currently being detained by the FBI in connection with a rescue from two years ago in Washington D.C.”
The group tweeted again on Thursday, “We will address the claims surrounding the 5 deceased children found at Lauren Handy’s apartment at a press conference in DC. Tune in on Tuesday at 11:30am EST.”
CNN has reached out to attorneys for Handy and Darnel. There were no attorneys listed for the six other people indicted.
CNN has also reached out to PAAU.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/national-world/cnn-national/2022/04/01/police-say-5-fetuses-found-in-a-dc-home-allegedly-owned-by-an-anti-abortion-activist-2/ | 2022-04-01T12:04:43Z |
Denton Ryan def. Temple 25-15, 25-23
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NEW YORK, Sept. 12, 2022 /PRNewswire/ -- Attention Stitch Fix, Inc. ("Stitch Fix") (NASDAQ: SFIX) shareholders:
The Law Offices of Vincent Wong announce that a class action lawsuit has commenced on behalf of investors. This lawsuit is on behalf of purchasers of Stitch Fix Class A common stock between December 8, 2020, and March 8, 2022, inclusive.
If you suffered a loss on your investment in Stitch Fix, contact us about potential recovery by using the link below. There is no cost or obligation to you.
ABOUT THE ACTION: According to the filed complaint, Stitch Fix made numerous false and misleading statements to investors concerning the synergy between the Company's Fix and Freestyle programs, and repeatedly denied claims that the Freestyle program could cannibalize the Company's legacy Fix business. Specifically, Stitch Fix repeatedly assured investors that the Company's Freestyle business was "an additive experience" and "complementary" to the Fix business, that "the combination of those two things will allow us to address many more types of clients," and that "we see solid growth in both sides of the business." In truth, Stitch Fix concealed that these programs were not complementary or additive. Stitch Fix knew that the Freestyle program would be much preferred to the Company's original Fix model and that the Freestyle program would inevitably cannibalize the Company's legacy Fix business.
Aggrieved Stitch Fix investors only have until October 25, 2022 to request that the Court appoint you as lead plaintiff. You are not required to act as a lead plaintiff in order to share in any recovery.
Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent Wong | https://www.kxii.com/prnewswire/2022/09/12/class-action-alert-law-offices-vincent-wong-remind-stitch-fix-investors-lead-plaintiff-deadline-october-25-2022/ | 2022-09-12T10:42:52Z |
LONDON, July 19, 2022 /PRNewswire/ -- Paul Hastings LLP, a global law firm advising the world's leading financial institutions, asset managers and Fortune 500 corporations, announced today that one of the most elite Finance teams in the industry has joined the firm in London from Latham & Watkins. Mo Nurmohamed, Ross Anderson, Karan Chopra and Rob Davidson have all joined the firm as partners in Paul Hastings' prestigious Global Finance practice, solidifying the firm's position as a premier institution in finance, capital markets, structured credit and restructuring. Mo Nurmohamed has been named co-chair of the firm's Global Finance practice.
Top-ranked across multiple categories in the 2021 legal advisor rankings issued by Refinitiv, Debtwire, and Bloomberg, the team focuses on the most high-profile leveraged finance and direct lending deals across from the world's largest and most high profile private equity sponsors. Having led the London lender-side practice at Latham, which is ranked Band 1 by both Chambers (UK: Banking & Finance: Lenders) and Legal 500 (London: Acquisition Finance), the team brings key lending relationships with virtually every major investment bank and private credit institution. Some of the team's recent landmark transaction representations include:
- The arrangers of the financing to support Bain's acquisition of ITP Aero (a carve out from Rolls Royce)
- The arrangers of the TLB financing to support Blackstone's acquisition of Huws Grey
- The arrangers of the bank/bond financing to support BC Partners' acquisition of Ceramtec
- The arrangers in relation to the bank/bond financing to support Adeventa's acquisition of the eBay Classifieds Group
- The lenders of the financing to support the Warburg Pincus' acquisition of The AA Group
- The arrangers of the TLB financing to complete the acquisition and combination of Equiniti and AST by Siris Capital
- The arrangers of the bank/bond financing to support Advent and Cinven's acquisition of Thyssenkrupp's elevator business
"This is an exceptional team defined by superior talent and excellence in providing sophisticated legal advice to guide clients' most complex transactions," said Seth Zachary, Chairman of Paul Hastings. "They are recognized as market-leading individuals trusted by top-tier global financial institutions and direct lenders. The team creates immediate synergies while adding further depth and breadth to our existing market-leading global team."
Ranked by Chambers for Banking and Finance and recognised as a Leading Individual in the UK's Legal 500, Mo Nurmohamed served as co-chair of Latham's London Finance department. His experience includes a broad range of issues in banking law, with particular emphasis on matters relating to leverage finance, private equity finance, and cross-border acquisition finance transactions. He was previously selected by Financial News as a rising star in the European legal profession.
Ranked by Chambers for Banking and Finance and recognised as a Leading Individual in the UK's Legal 500, Ross Anderson served as global vice chair of Latham's Banking practice. His experience spans a broad range of issues in banking law with particular emphasis on matters relating to leveraged finance, private equity finance, and cross-border acquisition financing transactions. He was previously selected by Financial News as a rising star in the European legal profession.
Karan Chopra served as co-chair of Latham's London Finance department. He advises clients on a range of cross-border leveraged, investment grade and fund finance transactions at all levels of the capital structure, including senior, super senior, second lien and holdco financings and across syndicated and private credit financings.
Rob Davidson advises banks and other financial institutions, as well as corporate borrowers and issuers, on a wide range of banking and finance transactions, with a particular focus on cross-border acquisition finance. He helps clients navigate a broad spectrum of debt capital structures, including senior/mezzanine financing, bank/bond financing, public-to-private takeover financing, unitranche financing, bridge financing and holdco financing. He was selected for the International Rising Star awards in the IFLR Europe Awards 2021.
"Paul Hastings' stellar global platform is the perfect place to take our practices to the next level," said Mo Nurmohamed. "We are delighted to join the firm's elite Global Finance practice, further cementing Paul Hastings as a premier destination for the most high-profile and complex finance transactions."
"The firm's momentum and strong growth in London – and around the world – is remarkable and our team is eager to continue to help drive that upward trajectory," said Ross Anderson.
The addition of this team reflects the continued growth and extraordinary momentum of the firm's London office, which posted a 41% revenue increase in 2021. The firm has continued to add elite partners in London across all core practices, including M&A, Private Equity, Structured Credit, Securities and Capital Markets, and Leveraged Finance.
The Paul Hastings Global Finance practice advises virtually every leading investment banks and the largest and most prestigious asset managers in finance and capital-raising transactions. The firm is a recognized as one of the world's premier platforms in leveraged finance, private credit, capital markets and structured credit domestic and cross-border transactions.
Paul Hastings has advised on a number of recent high-profile transactions, including the following representations:
- Barclays, JPMorgan, Goldman, Jefferies, Morgan Stanley, RBC and Intesa in respect of the $1.5 billion loan and bond facilities provided to Nordic Capital in connection with its public-to-private bid for Advanz Pharma.
- Multiple banks and funds in relation to debt facilities provided for US based aerospace and defence supplier Cobham's public-to-private bid to acquire UK competitor, Ultra Electronics, for £2.57 billion.
- Multiple banks and funds in relation to debt facilities provided for Advent's bid to acquire Caldic, and the simultaneous combination with Advent portfolio company Grupo Transmerquim (GTM). The transaction results in the creation of a truly global industry leader in the chemicals sector.
- Blackstone Credit, Ares Corporation, PSP Investments Credit II USA LLC and a group of other lenders on the consummation of the unitranche debt financing of Thoma Bravo's acquisition of Stamps.com for $6.6 billion; at the time of its closing, the unitranche debt financing served as the largest ever of its kind
- JP Morgan and Barclays on the acquisition financing for MKS Instruments in its $5.1 billion cash and stock acquisition of Atotech
- Wells Fargo Bank, N.A., BMO Capital Markets, BofA Securities, and JP Morgan Chase Bank as lead arrangers and joint bookrunners on a $1 billion sustainability-linked asset-based facility, as part of an integrated working capital financing solution for Southwire Company, LLC; this was one of the first sustainability-linked, asset-based loan facilities in the U.S. market
Dedicated to providing intellectual capital and superior execution to the world's leading Wall Street and global investment banks, asset managers and corporations achieve their business and legal goals, Paul Hastings is a premier global finance law firm with elite teams in finance, mergers and acquisitions, private equity, and litigation. It is one of only a handful of law firms ranked across multiple core finance areas including: structured credit, leveraged finance, private credit, capital markets, and real estate finance.
Paul Hastings is ranked as one of the top firms in the world in The American Lawyer's "Premier League" for momentum, profit and prestige amongst firms in the 2022 American Lawyer 100.
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SOURCE Paul Hastings LLP | https://www.mysuncoast.com/prnewswire/2022/07/19/paul-hastings-adds-band-one-finance-team/ | 2022-07-19T15:08:00Z |
A lucky Michigan woman won $100,000 in the Powerball lottery, through tickets she won for free.
Bonnie Zabel, 54, won an online bonus through the Michigan Lottery's "Daily Spin to Win" game, according to a news release from the Michigan Lottery. The free game allows players to spin a prize wheel and earn prizes like the bonus credit Zabel received.
"I logged on to my account to do my Daily Spin to Win spin and won an online bonus, so I decided to use it towards the purchase of some Powerball tickets," said Zabel in the news release.
"The next morning, I had two emails from the Lottery. One was notifying me that I'd won a $4 prize, and the other was a prize notification I had never seen before. I logged on to my account and that's when I saw my balance was $100,004. I woke my husband up right away to tell him the good news!"
Zabel plans to use her unexpected winnings to pay her bills and put the rest into savings.
The current Powerball jackpot stands at $168 million, according to the Michigan Lottery. The odds of winning the jackpot are just one in 292,201,338. The chance of winning a $50,000 prize, which Zabel won alongside the Power Play feature which doubled her win, is just 1 in 913,129.18.
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accounts, the history behind an article. | https://www.albanyherald.com/news/a-michigan-woman-got-free-lottery-tickets-then-she-won-100-000/article_9947025a-ab13-5a2a-b084-255c53c4d6bb.html | 2022-06-04T06:09:27Z |
CANTON, Ohio, July 13, 2022 /PRNewswire/ -- TimkenSteel (NYSE: TMST), a leader in high-quality specialty steel, manufactured components, and supply chain solutions, on July 7, 2022, entered into an agreement to purchase a group annuity contract from The Prudential Insurance Company of America ("Prudential") to settle approximately $250 million of the company's approximate $800 million in U.S. pension obligations under the TimkenSteel Corporation Bargaining Unit Pension Plan (the "Pension Plan").
In connection with the agreement, Prudential will pay future benefits under the group annuity contract starting October 1, 2022, for a specified group of approximately 1,900 retirees and beneficiaries who are currently receiving payments from the Pension Plan. Prudential is a highly rated insurance company and was selected by the Pension Plan's fiduciary, with the advice of an independent expert.
"Prudential was carefully selected as a highly rated and experienced retirement benefits provider," said Kristopher R. Westbrooks, TimkenSteel's executive vice president and chief financial officer. "This transaction is a significant step to further strengthen the Company's balance sheet and de-risk our pension plan."
Benefits payable to the retirees and beneficiaries and to other Pension Plan participants will not be reduced as a result of this transaction. The group annuity contract is an irrevocable commitment by Prudential to make annuity payments to participants and beneficiaries covered under the contract. TimkenSteel is notifying by mail those individuals who are covered by the forthcoming change and will provide a customer service number to address any questions that covered participants and beneficiaries may have.
The group annuity contract will be purchased using existing assets of the Pension Plan and requires no cash contribution from the company. Once finalized, this annuity purchase is expected to reduce TimkenSteel's U.S. pension obligation by approximately $250 million, or 25% percent. The company expects to realize a non-cash pension settlement gain of approximately $2 million in the third quarter.
The Pension Plan's fiduciaries, with the assistance of an independent expert, conducted an objective and thorough analysis of potential insurance companies with sufficient capacity, creditworthiness, and administrative claims-paying capabilities so that the Pension Plan could purchase the group annuity contract in accordance with applicable law and U.S. Department of Labor guidelines. Following this process, the Pension Plan fiduciaries selected Prudential to provide the group annuity contract.
Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with more than $1.5 trillion in assets under management as of March 31, 2022, has operations in the United States, Asia, Europe, and Latin America. Prudential's diverse and talented employees help make lives better and create financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential's iconic Rock symbol has stood for strength, stability, expertise, and innovation for more than a century. For more information, please visit news.prudential.com.
TimkenSteel (NYSE: TMST) manufactures high-performance carbon and alloy steel products from recycled scrap metal in Canton, OH, serving demanding applications in mobile, energy and a variety of industrial end markets. The company is a premier U.S. producer of alloy steel bars (up to 16 inches in diameter), seamless mechanical tubing and manufactured components. In the business of making high-quality steel for more than 100 years, TimkenSteel's proven expertise contributes to the performance of our customers' products. The company employs approximately 1,800 people and had sales of $1.3 billion in 2021. For more information, please visit us at www.timkensteel.com.
This news release includes "forward-looking" statements within the meaning of the federal securities laws. You can generally identify the company's forward-looking statements by words such as "will," "anticipate," "aspire," "believe," "could," "estimate," "expect," "forecast," "outlook," "intend," "may," "plan," "possible," "potential," "predict," "project," "seek," "target," "should," "would," "strategy," or "strategic direction" or other similar words, phrases or expressions that convey the uncertainty of future events or outcomes. The company cautions readers that actual results may differ materially from those expressed or implied in forward-looking statements made by or on behalf of the company due to a variety of factors, such as: the potential impact of the COVID-19 pandemic on the company's operations and financial results, including cash flows and liquidity; whether the company is able to successfully implement actions designed to improve profitability on anticipated terms and timetables and whether the company is able to fully realize the expected benefits of such actions; deterioration in world economic conditions, or in economic conditions in any of the geographic regions in which the company conducts business, including additional adverse effects from global economic slowdown, terrorism or hostilities, including political risks associated with the potential instability of governments and legal systems in countries in which the company or its customers conduct business, and changes in currency valuations; climate-related risks, including environmental and severe weather caused by climate changes, and legislative and regulatory initiatives addressing global climate change or other environmental concerns; the effects of fluctuations in customer demand on sales, product mix and prices in the industries in which the company operates, including the ability of the company to respond to rapid changes in customer demand including but not limited to changes in customer operating schedules due to supply chain constraints, the effects of customer bankruptcies or liquidations, the impact of changes in industrial business cycles, and whether conditions of fair trade exist in U.S. markets; competitive factors, including changes in market penetration, increasing price competition by existing or new foreign and domestic competitors, the introduction of new products by existing and new competitors, and new technology that may impact the way the company's products are sold or distributed; changes in operating costs, including the effect of changes in the company's manufacturing processes, changes in costs associated with varying levels of operations and manufacturing capacity, availability of raw materials and energy, the company's ability to mitigate the impact of fluctuations in raw materials and energy costs and the effectiveness of its surcharge mechanism, changes in the expected costs associated with product warranty claims, changes resulting from inventory management, cost reduction initiatives and different levels of customer demands, the effects of unplanned work stoppages, and changes in the cost of labor and benefits; the success of the company's operating plans, announced programs, initiatives and capital investments, and the company's ability to maintain appropriate relations with the union that represents its associates in certain locations in order to avoid disruptions of business; unanticipated litigation, claims or assessments, including claims or problems related to intellectual property, product liability or warranty, employment matters, and environmental issues and taxes, among other matters; cyber-related risks, including information technology system failures, interruptions and security breaches; the company's ability to achieve its environmental, social, and governance ("ESG") goals, including its 2030 ESG goals; the availability of financing and interest rates, which affect the company's cost of funds and/or ability to raise capital, including the ability of the company to refinance or repay at maturity the convertible notes due December 1, 2025; the company's pension obligations and investment performance, and/or customer demand and the ability of customers to obtain financing to purchase the company's products or equipment that contain its products; the overall impact of pension and other postretirement benefit mark-to-market accounting; the effects of the conditional conversion feature of the convertible notes due December 1, 2025, which, if triggered, entitles holders to convert the notes at any time during specified periods at their option and therefore could result in potential dilution if the holder elects to convert and the company elects to satisfy a portion or all of the conversion obligation by delivering common shares instead of cash; and the impacts from any repurchases of our common shares, including the timing and amount of any repurchases. Further, this news release represents our current policy and intent and is not intended to create legal rights or obligations. Certain standards of measurement and performance contained in this news release are developing and based on assumptions, and no assurance can be given that any plan, objective, initiative, projection, goal, mission, commitment, expectation, or prospect set forth in this news release can or will be achieved. Inclusion of information in this news release is not an indication that the subject or information is material to our business or operating results.
Additional risks relating to the company's business, the industries in which the company operates, or the company's common shares may be described from time to time in the company's filings with the SEC. All of these risk factors are difficult to predict, are subject to material uncertainties that may affect actual results and may be beyond the company's control. Readers are cautioned that it is not possible to predict or identify all of the risks, uncertainties and other factors that may affect future results and that the above list should not be considered to be a complete list. Except as required by the federal securities laws, the company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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SOURCE TimkenSteel Corp. | https://www.mysuncoast.com/prnewswire/2022/07/13/timkensteel-purchase-group-annuity-contract-retiree-pension-benefits/ | 2022-07-13T20:42:54Z |
NEW YORK, Aug. 15, 2022 /PRNewswire/ -- Foot Locker, Inc. (NYSE: FL), the New York-based specialty athletic retailer, announced today that its Board of Directors declared a quarterly cash dividend on the Company's common stock of $0.40 per share, which will be payable on October 28, 2022 to shareholders of record on October 14, 2022.
Foot Locker, Inc. leads the celebration of sneaker and youth culture around the globe through a portfolio of brands including Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, and Sidestep. With approximately 2,800 retail stores in 28 countries across North America, Europe, Asia, Australia, and New Zealand as well as websites and mobile apps, the Company's purpose is to inspire and empower youth culture around the world, by fueling a shared passion for self-expression and creating unrivaled experiences at the heart of the global sneaker community. Foot Locker, Inc. has its corporate headquarters in New York. For additional information please visit footlocker-inc.com.
Contact: Robert Higginbotham
Vice President, Investor Relations
robert.higginbotham@footlocker.com
(212) 720-4600
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SOURCE Foot Locker IR | https://www.wibw.com/prnewswire/2022/08/15/foot-locker-inc-declares-quarterly-dividend-040-per-share/ | 2022-08-15T21:56:52Z |
ARLINGTON, Mass., Sept. 14, 2022 /PRNewswire/ -- The days of leaders only rewarding who they deem top performers or those who went above and beyond has changed according to research KangoGift, an HR company focused on employee engagement.
A study conducted by KangoGift of more than 23,000 recognition moments over the past two years across global organizations found that managers are now recognizing more than 50% of their team members on a regular basis. This is a sharp increase from pre-pandemic times when managers were only recognizing 44% of their direct reports on a regular basis.
"One benefit of managers facing quickly changing workplaces is that they are now thinking more strategically about when it makes sense to give positive feedback to their team members," said Todd Horton, CEO of KangoGift. "Managers now consider the impact the employees are having on their personal development, company values, and business goals. They must also consider the challenges they are overcoming to get a task met."
The data shows also shows:
- The average monetary value of spot-awards rose from $62 USD in 2020 to $82.45 in 2022
- The three most common words used in recognitions in 2020 were thanks, help and effort and in 2022 success, thanks and year
- Employees receive between 6 – 9 recognition moments each year at organizations with strong communication cultures
"All managers are different and this data represents managers at all levels of global organizations," Horton adds. "Human Resources leaders can use these metrics as a starting point when educating managers on the value of frequent feedback on multiple aspects of how the employee is contributing. Inclusive management strategies are working."
KangoGift is the leading human resources technology company exclusively focused on employee engagement and recognition for its global customer base. Since its founding in 2009, its mission has been to help organizations foster cultures that ensure employees feel valued, appreciated, and inspired to do their best every day. More information about KangoGift can be found at www.kangogift.com.
Media contact: Todd Horton, inquiries@kangogift.com
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SOURCE KangoGift | https://www.wibw.com/prnewswire/2022/09/14/managers-are-recognizing-more-employees-according-research-by-kangogift/ | 2022-09-14T15:00:21Z |
AAM to become the retail distribution arm of SLC Management in the U.S.
TORONTO, WELLESLEY, Mass. and MONUMENT, Colo., Sept. 1, 2022 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) today announced that it intends to acquire a majority stake in Advisors Asset Management, Inc. ("AAM"), a leading independent U.S. retail distribution firm, through SLC Management, Sun Life's institutional fixed income and alternatives asset manager. AAM will become the U.S. retail distribution arm of SLC Management.
AAM provides a range of solutions and products to financial advisors at wirehouses, registered investment advisors ("RIA's") and independent broker-dealers. AAM will have exclusive rights to market and promote SLC Management's specified alternative investment products to the U.S. retail market. AAM oversees $41.4 billion (approximately C$55 billion) in assets as of July 31, 2022. With 10 offices across eight U.S. states, AAM has a team of more than 270 professionals.
Sun Life will acquire a 51% interest in AAM for US$214 million (approximately C$280 million) subject to customary adjustments with a put/call option to acquire the remaining 49% starting in 2028. As part of the transaction, Sun Life is committing to invest up to US$400 million to launch SLC Management alternative products for the U.S. retail market to be distributed by AAM.
"We're thrilled that AAM will be joining SLC Management," said Steve Peacher, President, SLC Management. "We've seen a sustained increase in demand for alternatives from the high-net-worth and ultra-high-net-worth market as they look to add new sources of yield and total return."
"We've been looking to enter into the retail distribution segment for some time now. Adding AAM to our platform allows us to extend our set of world class alternative investment capabilities to new clients and expands the roster of investment solutions that AAM can offer to the U.S. financial advisor market," added Peacher.
With the growing demand among high-net-worth ("HNW") investors for alternative assets in the U.S., the acquisition of a majority stake in AAM will allow SLC Management and its affiliated investment managers, BentallGreenOak, Crescent Capital Group and InfraRed Capital Partners, to offer their investment strategies to the U.S. HNW market. The transaction is also strategic for AAM, which will expand its product roster to include a range of alternative products in commercial real estate, private credit and infrastructure.
"We see significant potential in the alternatives space to deliver steady, reliable returns for our clients, which has been AAM's mission as a trusted resource for financial professionals for more than 40 years," said Scott Colyer, CEO, Advisors Asset Management. "As we sought to diversify and gain a greater foothold within alternatives, it was crucial to identify a best-in-class partner that shared the same client-focused and team-oriented culture as ours. SLC Management's common values and interest in establishing a durable, long-term partnership figured heavily into the decision to join forces with one of the premier alternatives asset managers in the world."
The transaction is expected to close in the first half of 2023, subject to receipt of regulatory approvals and satisfaction of customary closing conditions.
Evercore acted as financial advisor to Sun Life for this transaction and Skadden, Arps, Slate, Meagher & Flom LLP served as legal counsel. For AAM, Berkshire Global Advisors acted as financial advisor and Chapman and Cutler LLP acted as legal counsel.
About Sun Life
Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of June 30, 2022, Sun Life had total assets under management of C$1.26 trillion.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.
About SLC Management
SLC Management is a global institutional asset manager that offers institutional investors traditional, alternative and yield-orientated investment solutions across public and private fixed income markets, as well as global real estate equity and debt. SLC Management is the brand name for the institutional asset management business of Sun Life Financial Inc. ("Sun Life") under which the entities of Sun Life Capital Management (U.S.) LLC in the United States, and Sun Life Capital Management (Canada) Inc. in Canada operate. These entities are also referred to as SLC Fixed Income and represent the investment grade public and private fixed income strategies of SLC Management.
BentallGreenOak, InfraRed Capital Partners (InfraRed) and Crescent Capital Group (Crescent) are also part of SLC Management. BentallGreenOak is a leading, global real estate investment management advisor and a globally recognized provider of real estate services. InfraRed is an international investment manager focused on infrastructure, managing equity capital in multiple private and listed funds, primarily for institutional investors across the globe. Crescent is a global alternative credit investment asset manager registered with the U.S. Securities and Exchange Commission as an investment adviser. Crescent provides private credit financing (including senior, unitranche and junior debt) to middle-market companies in the U.S. and Europe and invests in high-yield bonds and broadly syndicated loans.
As of June 30, 2022, SLC Management has assets under management of C$335 billion (US$260 billion).
For more information, please visit slcmanagement.com.
About Advisors Asset Management
For over 40 years, AAM has been a trusted resource for financial advisors and broker/dealers. It offers access to unit investment trusts (UITs), open- and closed-end mutual funds, separately managed accounts (SMAs), structured products, the fixed income markets, portfolio analytics and exchange-traded funds (ETFs). For more information, visit www.aamlive.com.
As of July 31, 2022, the brokerage and advised business at AAM represents approximately $41.4 billion in assets. (Assets under supervision represent $6.1 billion in UIT assets. The firm has $31.5 billion in assets under administration that represents the non-proprietary assets for which AAM provides various levels of service, but not management. The firm's $3.8 billion in assets under management represents AAM's proprietary separately managed account, mutual fund and ETF assets.)
Advisors Asset Management, Inc. (AAM) is a SEC-registered investment advisor and member FINRA/SIPC.
CRN: 2022-0825-10303 R
Forward-Looking Statements
From time to time, Sun Life makes written or oral forward-looking statements within the meaning of certain securities laws, including the "safe harbour" provisions of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Forward looking statements contained in this release include, without limitation, statements (i) relating to our strategies, (ii) relating to SLC Management's anticipated acquisition of a 51% equity interest in AAM; (iii) that AAM will become the retail distribution arm of SLC Management; (iv) relating to our growth initiatives and other business objectives, (v) relating to the expected timing of the closing of the transaction, (vi) relating to the expected impact of the transaction on our business, (vii) that are predictive in nature or that depend upon or refer to future events or conditions, and (viii) that include words such as "intends", "expect", "will", and similar expressions.
These statements represent our current expectations, estimates, and projections regarding future events and are not historical facts, and remain subject to change, particularly in light of the ongoing and developing COVID-19 pandemic and its impact on the global economy and its uncertain impact on our business. Forward-looking statements are not a guarantee of future performance and involve risks and uncertainties that are difficult to predict. The forward-looking statements in this news release do not reflect the potential impact of any non-recurring or other special items or of any dispositions, mergers, acquisitions, other business combinations or other transactions that may be announced or that may occur after the date of this news release. If any non-recurring or other special item or any transaction should occur, the financial impact could be complex and the effect on our operations or results would depend on the facts particular to such item and we cannot describe the expected impact in a meaningful way or in the same way we could present known risks affecting our business.
Forward-looking statements are presented for the purpose of assisting investors and others in understanding our expected financial position and results of operations as at the date of this news release, as well as our objectives for the transaction, strategic priorities and business outlook following the transaction, and in obtaining a better understanding of our anticipated operating environment following the transaction. Readers are cautioned that such forward-looking statements may not be appropriate for other purposes and undue reliance should not be placed on these forward-looking statements.
The following risk factors are related to our intention to acquire a majority interest in AAM that could have a material adverse effect on our forward-looking statements: (i) the ability of the parties to complete the transaction; (ii) the failure of the parties to obtain necessary consents and approvals or to otherwise satisfy the conditions to the completion of the transaction in a timely manner, or at all; (iii) our ability to realize the financial and strategic benefits of the transaction; (iv) the impact of the announcement of the transaction; and (v) the dedication of our resources to completing the transaction. Each of these risks could have an impact on our business relationships (including with future and prospective employees, clients, distributors and partners) and could have a material adverse effect on our current and future operations, financial conditions and prospects. Other important risk factors that could cause our actual results to differ materially from those expressed in or implied by the forward-looking statements in this presentation are set out in our MD&A for the period ended June 30, 2022 and in Sun Life Financial Inc.'s other annual and interim regulatory filings filed with Canadian securities regulators or furnished to U.S. securities regulators, which are available for review at www.sedar.com and www.sec.gov, respectively.
Sun Life does not undertake any obligation to update or revise its forward-looking statements to reflect events or circumstances after the date of this news release or to reflect the occurrence of unanticipated events, except as required by law.
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SOURCE Sun Life Financial Inc. | https://www.mysuncoast.com/prnewswire/2022/09/01/sun-life-acquire-majority-stake-advisors-asset-management/ | 2022-09-01T23:45:12Z |
ANKARA, Turkey (AP) — Turkey’s president, in a push to recast top Turkish assets to avoid any possible derogatory associations, changed his mind Wednesday over what Turkish Airlines should now be called.
Turkish President Recep Tayyip Erdogan told ruling party lawmakers on Wednesday that Turkey’s national airline will now be known internationally by its Turkish name “Türk Hava Yolları” (pronounced tuerk hah-VAH yole-lah-RUH).
A day earlier, the Turkish leader had announced that his country would rebrand the national airline as “Türkiye Hava Yolları” as part of his push for his country to be called “Türkiye” (pronounced tuer-key-YAY) instead of Turkey. “Hava yolları” is Turkish for airlines.
But that decision sparked opposition, especially from Turkish nationalists, who suggested that dropping the word “Türk“ (“Turk” or ”Turkish”) would amount to a concession to Kurdish nationalists and others who oppose the use of the word to describe their nationality and want to be called “Türkiyeli” (a person from Turkey) instead.
The country formally registered its name as “Türkiye” — its Turkish spelling and pronunciation — with the United Nations earlier this month.
Erdogan’s government says “Türkiye” better represents Turkish culture and values. Observers say the move is part of an effort to distinguish the country from the bird species named turkey or implications of the word in English of something that is very unsuccessful. | https://cw33.com/business/ap-business/turkeys-leader-changes-mind-again-on-new-name-for-airline/ | 2022-06-15T15:54:11Z |
Valet Living is Creating the Largest National Property Solutions Network
TAMPA, Fla., Aug. 17, 2022 /PRNewswire/ -- Valet Living, the only nationally recognized full-service amenities provider to the multifamily housing industry, today announced the expansion of their Valet Living Turns business with the acquisitions of Contemporary Contractors, Inc. (CCI), an Irving, Texas-based traditional turns company that also provides plumbing and HVAC work, and A Rite Way, a Boca Raton, Florida-based multifamily solutions provider that has accommodated residential communities for over 20 years while routinely pulling in capital expenditure projects.
"Valet Living Turns purposeful expansion strategy will be fueled by additional acquisitions and organic growth," said Steve Davis, EVP of Strategic Development. "Including near-term announcements of incremental acquisitions – to become the only nationwide provider of turns services."
Since 2019, Valet Living Turns by Valet Living has been building out a national platform to ensure efficiencies in real estate turnover by expanding current markets and acquiring the best-in-class local multifamily solutions providers. In January 2022, Valet Living acquired Portland, Oregon-based Turns company All Aspects Renovations, a renovation and remodeling company serving the multifamily industry. Intending to create the most extensive national turns network in the multifamily industry, Valet Living continues to grow its dominance and influence within this space by further expanding into turns and the timely make-ready of apartments and dwellings for rent.
"Partnering with Valet Living Turns, we saw an amazing opportunity to further grow in the industry," said Richard Schlenk, founder of Contemporary Contractors, Inc. "With our motto being 'One call schedules it all' I'm beyond excited to see this grow nationwide. Partnering with Valet Turns has given our 30+ years in the industry a huge boost in experience and service to reach levels we had only dreamed about, providing better results for our clients and management companies."
"Over the past 24 years, my team and I have built a reputation of providing solutions to all our client's needs," said Anthony Weinstein, Founder of A Rite Way. "Our answer to their challenges is simply, YES, we can solve that problem for you. As we began to dream about the possibility of providing our solutions-based business model to our customers anywhere, we knew this would be impossible alone. Valet Living brings a nationally recognized and respected platform of services and relationships which we believe will allow us to take our dream and make it a reality. We are thrilled to join the Valet Living Family and look forward to the exciting future of providing multifamily solutions across the nation and beyond!"
In terms of integration, Valet Living Turns by Valet Living recognizes the importance of local relationships and knowledge in the turns market and plans to operate Contemporary Contractors, Inc. and A Rite Way as additional lines of business, including ongoing support from the existing staff.
For more information, please visit www.valetliving.com/quickturns.
About Valet Living
Valet Living is the largest nationally recognized full-service amenities provider to the multifamily housing industry, performing more than 470 million amenity services annually, encompassing 1.8 million apartment homes in 40 states. Valet Living uses specialized technology that empowers its trusted associates to deliver standard-setting amenities in communities where people want to live. Valet Living has been setting the standard for residential living since 1995 and has been proven to increase property value. Valet Living is a portfolio company of the Private Equity Group GI Partners.
Contact:
Nikita Bhappu Abbaspour
(813) 331-0680
nikita.bhappu@valetliving.com
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SOURCE Valet Living | https://www.mysuncoast.com/prnewswire/2022/08/17/valet-living-turns-expands-with-acquisitions-southeast-multifamily-solutions-providers-contemporary-contractors-inc-rite-way/ | 2022-08-17T15:25:00Z |
MOUNT GILEAD, N.C., June 21, 2022 /PRNewswire/ -- McRae Industries, Inc. (Pink Sheets: MCRAA and MCRAB) reported consolidated net revenues for the third quarter of fiscal 2022 of $32,771,000 as compared to $21,580,000 for the third quarter of fiscal 2021. Net earnings for the third quarter of fiscal 2022 amounted to $2,547,000, or $1.13 per diluted Class A common share as compared to net earnings of $1,197,000, or $0.52 per diluted Class A common share, for the third quarter of fiscal 2021.
Consolidated net revenues for the first nine months of fiscal 2022 totaled $91,786,000 as compared to $60,758,000 for the first nine months of fiscal 2021. Net earnings for the first nine months of fiscal 2022 amounted to $7,306,000, or $3.23 per diluted Class A common share, as compared to net earnings of $2,419,000, or $1.05 per diluted Class A common share, for the first nine months of fiscal 2021.
THIRD QUARTER FISCAL 2022 COMPARED TO THIRD QUARTER FISCAL 2021
Consolidated net revenues totaled $32.8 million for the third quarter of fiscal 2022 as compared to $21.6 million for the third quarter of fiscal 2021. Sales related to our western/lifestyle boot products for the third quarter of fiscal 2022 totaled $24.2 million as compared to $14.6 million for the third quarter of fiscal 2021. This 66% increase in net revenues was a result of increases across the board for all product lines, as we continue to see growth in the marketplace for western/lifestyle boots. Revenues from our work boot products increased approximately 16%, from $7.0 million for the third quarter of fiscal 2021 to $8.1 million for the third quarter of fiscal 2022. This was primarily a result of increased production of our military boots, as well as an increase in our Dan Post work boot sales.
Consolidated gross profit for the third quarter of fiscal 2022 amounted to approximately $9.7 million as compared to $5.9 million for the third quarter of fiscal 2021. Gross profit, as a percentage of net revenues, was up from 27.5% for the third quarter of fiscal 2021 to 29.5% for the third quarter of fiscal 2022. This is primarily due to our lower margin military boot sales making up a smaller percentage of total sales.
Consolidated selling, general and administrative expenses totaled approximately $5.8 million for the third quarter of fiscal 2022 as compared to $4.4 million for the third quarter of fiscal 2021. This increase resulted primarily from increased commissions, advertising, and employee benefit expenses.
As a result of the above, the consolidated operating profit for the third quarter of fiscal 2022 amounted to $3.8 million as compared to operating profit of $1.5 million for the third quarter of fiscal 2021.
FIRST NINE MONTHS FISCAL 2022 COMPARED TO FIRST NINE MONTHS FISCAL 2021
Consolidated net revenues for the first nine months of fiscal 2022 totaled $91.8 million as compared to $60.8 million for the first nine months of fiscal 2021. Our western and lifestyle product sales totaled $67.5 million for the first nine months of fiscal 2022 as compared to $40.3 million for the first nine months of fiscal 2021, with the increase resulting from an increase in all product lines. Net revenues from our work boot business increased from $20.5 million for the first nine months of fiscal 2021 to $22.3 million for the first nine months of fiscal 2022. This increase was a result of increased production of our military boots, as well as an increase in our Dan Post work boot sales.
Consolidated gross profit totaled $26.8 million for the first nine months of fiscal 2022 as compared to $16.5 million for the first nine months of fiscal 2021. Gross profit attributable to our western and lifestyle products increased to $23.9 million for the first nine months of fiscal 2022, as compared to $14.5 million for the first nine months of fiscal 2021. Our work boot products gross profit increased from $1.9 million for the first nine months of fiscal 2021 to $2.4 million for the first nine months of fiscal 2022.
Consolidated selling, general and administrative expenses totaled approximately $16.7 million for the first nine months of fiscal 2022 as compared to $13.5 million for the first nine months of fiscal 2021. This increase resulted primarily from increased commissions, advertising, and employee benefit expenses.
As a result of the above, the consolidated operating profit amounted to $10.1 million for the first nine months of fiscal 2022 as compared to $3.0 million for the first nine months of fiscal 2021.
Financial Condition and Liquidity
Our financial condition remained strong at April 30, 2022 as cash and cash equivalents totaled $22.4 million as compared to $23.5 million at July 31, 2021. Our working capital increased from $58.0 million at July 31, 2021 to $65.0 million at April 30, 2022.
We currently have two lines of credit totaling $6.75 million, all of which was fully available at April 30, 2022. One credit line totaling $1.75 million (which is restricted to one hundred percent of the outstanding receivables due from the Government) expires in January 2023. Our $5.0 million line of credit, which also expires in January 2023, is secured by the inventory and accounts receivable of our Dan Post Boot Company subsidiary.
For the first nine months of fiscal 2022, operating activities provided approximately $0.4 million of cash. Net earnings, as adjusted for depreciation and other non-cash items, contributed approximately $8.3 million of cash. Increased inventory and accounts receivable used approximately $9.0 million; while decreased liabilities provided approximately $1.2 million.
Net cash used in investing activities totaled approximately $0.6 million, primarily due to the sale of securities offset by the purchase of securities.
Net cash used in financing activities totaled $0.9 million, which was used primarily for dividend payments.
We believe that our current cash and cash equivalents, cash generated from operations, and available credit lines will be sufficient to meet our capital requirements for the remainder of fiscal 2022.
Forward-Looking Statements
This press release includes certain forward-looking statements. Important factors that could cause actual results or events to differ materially from those projected, estimated, assumed or anticipated in any such forward-looking statements include: uncertainties associated with COVID-19 or coronavirus, including its possible effects on our operations, supply chain, and the demand for our products and services, our ability to complete the sale of our properties held for investment that are under contract, the effect of competitive products and pricing, risks unique to selling goods to the Government (including variation in the Government's requirements for our products and the Government's ability to terminate its contracts with vendors), changes in fashion cycles and trends in the western boot business, loss of key customers, acquisitions, supply interruptions, additional financing requirements, our expectations about future Government orders for military boots, loss of key management personnel, our ability to successfully develop new products and services, and the effect of general economic conditions in our markets.
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SOURCE McRae Industries, Inc. | https://www.wibw.com/prnewswire/2022/06/21/mcrae-industries-inc-reports-earnings-third-quarter-first-nine-months-fiscal-2022/ | 2022-06-21T21:21:27Z |
New offerings help establish a proven path to enterprise pipeline and revenue generation so that reps can prioritize the right people in the right accounts
REDWOOD CITY, Calif., Sept. 13, 2022 /PRNewswire/ -- People.ai, the enterprise revenue intelligence leader, today announces the launch of its newest product capabilities, including Engagement Dashboards, Account Planning, and People.ai for Oracle Sales Cloud to help sales and ops teams drive greater efficiency, deeper relationships and clearer visibility.
According to LinkedIn's Global State of Sales 2022 report, sellers spend only 30% of their time actually selling, making automatic activity data capturing essential for reps to do the most important part of their job. Also noted in the report, 81% of sellers are losing deals from key contacts leaving client or prospect companies, and 45% say incomplete data is their biggest data challenge. More automation and visibility into pipeline means salespeople can win more deals and generate more revenue.
"The industry today has turned selling into an obstacle course, where reps need to navigate so many hurdles in order to actually do their job. We're clearing the pathway so teams can focus on what matters: building revenue," said Oleg Rogynskyy, CEO of People.ai. "Our newest product offerings aim to transform the B2B sales process by providing our customers with more data and greater insight to accelerate business decisions that will grow pipeline, increase deal sizes, shorten sales cycles and boost win rates."
Key features of People.ai's new product offerings include:
Engagement Dashboards
People.ai's Engagement Dashboards provide sales and ops teams with a powerful out-of-the-box experience for both buyer and seller engagement visibility. With Engagement Dashboards, sales and ops teams can pinpoint at-risk accounts and opportunities in real time by easily creating personalized tables with custom metrics based on any CRM or People.ai field.
Vonage, an innovation leader in leveraging sales technology across their account-based selling initiatives and People.ai customer, is an early adopter of this new solution. "Leveraging People.ai's multi-org SFDC enabled us to completely revamp our coaching culture and approach to account-based selling," said Frankie Panicucci, sales operations generalist at Vonage. "Our sales leaders now have more data and visibility into pipeline health, which gives us the ability to increase account engagement where needed and achieve our revenue goals."
People.ai Account Planning
People.ai's Account Planning application enables enterprise sales leadership to operationalize their account planning methodology, process and strategy, all natively in Salesforce. Coupled with People.ai data automation and insights, Account Planning helps sellers visualize and develop a deeper understanding of the buyer's business, goals, and obstacles to identify opportunities, resulting in increased pipeline in existing and target accounts.
People.ai for Oracle Sales Cloud
As a part of Oracle's recent announcement about the next iteration of Oracle Fusion Sales, People.ai and Oracle have partnered together to transform the sales process into a modern revenue engine. The result of that partnership, People.ai for Oracle Sales Cloud, will help customers generate more revenue by increasing sales productivity, which will drive more and bigger deals faster and increase buyer satisfaction.
"We're collaborating with People.ai because we're equally laser-focused on transforming the sales process into a modern revenue engine," said Katrina Gosek, vice president, product management, Oracle Customer Experience. "Together, we will be able to provide our mutual customers with the actionable revenue insights needed to drive significant revenue transformation and growth.
For more information about People.ai's product and service offerings, please visit https://people.ai/product/
About People.ai
People.ai is the leader in guiding enterprise sales teams on the proven path to pipeline and revenue generation. The People.ai enterprise revenue intelligence platform ensures organizations speed up complex sales cycles by engaging the right people in the right accounts. Through our patented AI technology, People.ai enables sales teams to clearly see whom to engage with in each of their accounts and exactly what to do to deliver the highest yielding deals. Enterprises such as AppDynamics, DataRobot, Okta, and Zoom know that people buy from people, that's why people buy from People.ai. For more information, please visit www.people.ai
Media Contacts
BLASTmedia for People.ai
Avery Hand
peopleai@blastmedia.com
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SOURCE People.ai | https://www.wibw.com/prnewswire/2022/09/13/peopleai-unveils-three-enterprise-revenue-intelligence-solutions/ | 2022-09-13T19:11:23Z |
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