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DUBAI, UAE, Aug. 8, 2022 /PRNewswire/ -- Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, announced the launch of the first Global Family Business and Private Wealth Centre (Centre) in the region and worldwide.
DIFC is the first financial centre in the world to create a unique offering at a time when an estimated AED3.67 trillion ($1 trillion) in assets will be transferred to the next generation in the Middle East during the next decade.
The Centre will bring together global family-owned businesses, ultra-high net worth individuals (UHNWIs) and Private Wealth in one hub to help preserve and grow the sector and provide access to a full range of support services to enable robust legacy and succession planning. The Centre is also expected to attract family businesses and UHNWIs from the region and globally to establish a presence in Dubai.
Members will also benefit from being part of the region's largest financial ecosystem, DIFC's common law framework, legal and regulatory infrastructure and flexible range of business structures.
His Excellency, Essa Kazim, Governor of DIFC, said: "Aligning with the UAE Government's commitment to helping family businesses play a prominent role in our society, DIFC is pleased to be launching the world's first Family Business and Private Wealth Centre. The UAE has a vast number of family businesses, owned by citizens and residents who contribute to the country's economy. In the next decade, those families and others in the Middle East are expected to transfer AED3.67 trillion to the next generation, which illustrates the urgent need to provide them with specialist, consolidated support to help them grow."
Dr. Tarek Hajjiri, appointed CEO for the Global Family Business and Private Wealth Centre, added: "The launch of the Global Family Business and Private Wealth Centre is another key milestone in the development of DIFC's wealth and asset management sector. In addition, it embodies DIFC's long-term commitment to offering quality private wealth management services at par with global standards. The new Centre will play a unique role in guiding family businesses in relation to governance, succession, ownership, wealth, family dynamics and strategy. Our role is crucial to ensure the long-term growth of family businesses."
For further information: difc.ae; follow us on LinkedIn; Twitter @DIFC.
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SOURCE DIFC | https://www.kxii.com/prnewswire/2022/08/08/difc-launches-first-global-family-business-private-wealth-centre/ | 2022-08-08T11:04:13Z |
WASHINGTON, June 9, 2022 /PRNewswire/ -- The CFP Board Center for Financial Planning ("Center") announced today that it has named Stephen Horan, Ph.D., CFA, CIPM, CAIA as Executive Editor of the Center's financial planning academic journal, Financial Planning Review. Horan will be responsible for the strategic direction of the journal, including scope of research published, editorial board selection and management and oversight of the editorial process.
A double-blind, peer-reviewed academic journal, Financial Planning Review features research within financial planning as well as disciplines that directly or indirectly relate to the financial planning body of knowledge or financial planning practice. The journal seeks to maximize academic impact through the publication of rigorous and relevant research from a variety of subject areas, including psychology, behavioral finance and consumer finance and regulation.
"We look forward to the vision, strategy and leadership that Stephen will bring as Executive Editor of Financial Planning Review," said CFP Board CEO Kevin R. Keller, CAE. "With an established 30-year record of impactful and practice-oriented scholarship, Stephen will help to elevate the visibility and value of Financial Planning Review."
Horan has a diverse and award-winning scholarship background that includes dozens of peer-reviewed articles focusing on wealth management, tax-efficient investing and investment management, most of which have been reprinted, summarized or covered in media. His articles have appeared in peer-reviewed journals including the Financial Analysts Journal, Journal of Financial Planning, Journal of Wealth Management, Harvard Business Review Latin America, Journal of Financial Research, and Financial Services Review.
Horan has also been honored with several research awards, including the coveted Graham and Dodd Reader's Choice Award, the CFP Board Best Conference Paper Award, the Financial Frontiers Award (silver) sponsored by The Financial Planning Association, the CFP Board Board of Examiners Best Academic Paper Award and six research grants.
Horan joins CFP Board from the University of North Carolina Wilmington, where he is an Associate Professor of Finance. Previously, he served with CFA Institute for more than 14 years, where he led the institute's professional learning and education programs. Prior to joining CFA Institute, Horan served as a tenured Professor of Finance in the School of Business at St. Bonaventure University. He also served for more than eight years in private practice as an expert witness and forensic economist.
Horan holds a Bachelor of Business Administration in finance from St. Bonaventure University and a Ph.D. in finance from State University of New York at Buffalo.
ABOUT CFP BOARD
Certified Financial Planner Board of Standards, Inc. is a professional body for personal financial planners in the U.S. CFP Board sets standards for financial planning and administers the prestigious CFP® certification – one of the most respected certifications in financial services – so that the public has access to and benefits from competent and ethical financial planning. CFP Board, along with its Center for Financial Planning, is committed to increasing the public's awareness of CFP® certification and access to a diverse, ethical and competent financial planning workforce. Widely recognized by firms as the standard for financial planning, CFP® certification is held by more than 93,000 people in the United States.
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SOURCE Certified Financial Planner Board of Standards, Inc. | https://www.wibw.com/prnewswire/2022/06/09/cfp-board-center-financial-planning-appoints-stephen-horan-executive-editor-financial-planning-review/ | 2022-06-09T18:16:43Z |
WASHINGTON, June 7, 2022 /PRNewswire/ -- NASA is inviting media to see a technology that could one day help land humans on Mars after it is inflated for the final time on Earth before its spaceflight demonstration later this year. The event will take place beginning 2 p.m. EDT Wednesday, June 15, at NASA's Langley Research Center in Hampton, Virginia.
The Bernard Kutter Low-Earth Orbit Flight Test of an Inflatable Decelerator (LOFTID) is scheduled to launch with the National Oceanic and Atmospheric Administration's JPSS-2 polar-orbiting satellite from Vandenberg Space Force Base in California on Nov. 1. After hitching a ride to space aboard a United Launch Alliance (ULA) Atlas V rocket, LOFTID will inflate and then descend back to Earth from low-Earth orbit to demonstrate how the inflatable heat shield can slow down a spacecraft to survive re-entry.
Engineers at Langley are completing work to ensure LOFTID is flight-ready before it is shipped to NASA's Goddard Space Flight Center in Greenbelt, Maryland, for final acceptance testing, then to Vandenberg for launch.
NASA and ULA experts will provide a briefing on LOFTID and NASA's Moon to Mars technologies, followed by interview availability and the opportunity to see several additional laboratories developing technologies that will enable NASA's return to the Moon and future Mars exploration.
Participants include:
- Jim Reuter, associate administrator for the Space Technology Mission Directorate (STMD), NASA Headquarters
- Trudy Kortes, director of technology demonstrations for STMD, NASA Headquarters
- Joe Del Corso, LOFTID project manager, NASA Langley
- John Reed, ULA chief rocket scientist
Media wishing to participate in person must request accreditation by 5 p.m. EDT Monday, June 13, from Kristyn Damadeo at: 757-755-0366 or kristyn.damadeo@nasa.gov. Virtual interview opportunities may also be arranged.
NASA is closely monitoring COVID-19 metrics and safety protocols are subject to change. Any updates will be provided as needed.
The LOFTID project is a part of the STMD Technology Demonstration Missions program. The project is managed by Langley with contributions from NASA's Ames Research Center in California's Silicon Valley, NASA's Marshall Space Flight Center in Huntsville, Alabama, and NASA's Armstrong Flight Research Center in Edwards, California. NASA's Launch Services Program, based at the agency's Kennedy Space Center in Florida, is managing the launch.
For more information on LOFTID, see:
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SOURCE NASA | https://www.wibw.com/prnewswire/2022/06/07/nasa-inflate-heat-shield-earth-before-spaceflight-demo/ | 2022-06-07T18:44:09Z |
BLOOMFIELD, Conn., Aug. 30, 2022 /PRNewswire/ -- Global health services company Cigna Corporation (NYSE:CI) announced that health care industry leader Dr. David Brailer, M.D., Ph.D. will join the company as Executive Vice President and Chief Health Officer in early September. As Cigna's first Chief Health Officer, Dr. Brailer will focus on bringing together the company's products, technologies, and services in new and innovative ways to drive more value and help people improve their overall health and vitality. Dr. Brailer will report to David M. Cordani, Cigna Chairman and Chief Executive Officer, and will serve on the company's Enterprise Leadership Team.
"I am thrilled to have Dr. Brailer join our company at a time when advancing our strategy to make health care more affordable, predictable, and simple has never been more important," Cordani said. "Our customers, patients, and clients are counting on us to lead breakout change and improvement in health care. With his proven expertise in care delivery, information technology, innovation, and public policy, Dr. Brailer is an invaluable addition to our team."
Dr. Brailer is founder and Chairman of Health Evolution, an organization that convenes health care leaders as they navigate rapidly changing forces in the industry. He is also Vice Chairman of the Duke-Margolis Health Policy Center. Dr. Brailer will continue to be actively involved with both of those organizations as part of his role at Cigna. Dr. Brailer has been an investor in numerous health technology and services companies through Health Evolution Partners. In 2004, he was appointed by President George W. Bush as a health policy advisor and became the nation's first National Coordinator for Health Information Technology. Prior to that, he was founder and CEO of CareScience, one of the first health data analytics companies in the internet era. Dr. Brailer has served on the boards of directors of or as an advisor to numerous health care companies, including Walgreens Boots Alliance, VillageMD, Censeo Health, and Prolacta Bioscience.
"I believe that Cigna is well positioned to improve the health and well-being of the millions of customers it serves," Dr. Brailer said. "I know the company is deeply committed to being a leader in the coming era of digitally inspired consumer-driven health care. I look forward to working alongside David and the leadership team to advance Cigna's culture of health excellence and innovation."
Dr. Brailer holds doctoral degrees in medicine and economics. He earned his M.D. from West Virginia University and his Ph.D. in economics from The Wharton School of the University of Pennsylvania. He was appointed a Charles A. Dana Fellow and a Robert Wood Johnson Clinical Scholar at the University of Pennsylvania. He taught for a decade at The Wharton School, where he developed its curriculum on health information technology. Dr. Brailer became board certified in internal medicine after internship and residency at the Hospital of the University of Pennsylvania, where he later practiced infectious diseases and HIV medicine.
About Cigna
Cigna Corporation is a global health service company dedicated to improving the health, well-being and peace of mind of those we serve. Cigna delivers choice, predictability, affordability and access to quality care through integrated capabilities and connected, personalized solutions that advance whole person health. All products and services are provided exclusively by or through operating subsidiaries of Cigna Corporation, including Cigna Health and Life Insurance Company, Connecticut General Life Insurance Company, Evernorth companies or their affiliates, and Express Scripts companies or their affiliates. Such products and services include an integrated suite of health services, such as medical, dental, behavioral health, pharmacy, vision, supplemental benefits, and other related products. Cigna maintains sales capability in over 30 countries and jurisdictions, and has more than 190 million customer relationships throughout the world. To learn more about Cigna®, including links to follow us on Facebook or Twitter, visit www.cigna.com.
Media Contact
Justine Sessions
justine.sessions@cigna.com
860-810-6523
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SOURCE Cigna | https://www.kxii.com/prnewswire/2022/08/30/dr-david-brailer-md-phd-joins-cigna-executive-vice-president-chief-health-officer/ | 2022-08-30T13:21:14Z |
"How Long?" campaign highlights the desperate need for research to help millions who suffer
LOS ANGELES, Aug. 15, 2022 /PRNewswire/ -- Solve M.E. has released the first nationwide public service announcement (PSA) campaign titled "How Long?" to broaden awareness of Long Covid and highlight the need for more research to adequately help the many patients affected by this debilitating disease, which could last a lifetime.
Up to 30% of those infected with COVID-19 will go on to develop Long Covid and experience a broad range of symptoms, such as crippling fatigue, brain fog, severe exhaustion after mild exertion, shortness of breath, and heart issues. Over 20 million Americans are suffering from Long Covid, and Long Covid could account for 15% of the nation's unfilled jobs. However, there are no simple tests to diagnose the disease, and no approved treatments. Research funding to date has largely gone towards characterizing the condition, rather than finding treatments.
The "How Long?" campaign will evolve to be an umbrella effort that includes other related post-infection diseases, such as myalgic encephalomyelitis/chronic fatigue syndrome (ME/CFS), postural orthostatic tachycardia syndrome (POTS), mast cell activation syndrome (MCAS), and Lyme disease. "How Long?" should become a battle cry for the desperate need for research into all of these under-studied conditions.
"Solve M.E. has served as a catalyst for critical research into post-infection diseases for decades. We know that learning more about Long Covid will deepen our broader understanding of these diseases – ultimately helping to point us to treatments for Long Covid and associated conditions," said Oved Amitay, president and CEO, Solve M.E. "Our hope is that through this public awareness campaign, we can create empathy for those who suffer and drive stronger public and private investment in research, education, and care for complex, chronic diseases."
The PSA campaign was created in collaboration with the Entertainment Industry Foundation (EIF), a unique non-profit that leverages the powerful voice of the entertainment industry to develop and enhance programs on the local, national and global level that facilitate positive social change. Through this partnership the campaign is expected to be supported by millions of dollars in donated airtime. The EIF has been instrumental in developing and promoting many important healthcare initiatives, such as Stand Up to Cancer.
In April 2020, Solve M.E. began calling on Congress to have immediate response measures due to the anticipated long-term debilitating outcomes of the COVID-19 pandemic, eventually forming the Solve Long Covid Initiative. The launch of the PSA campaign marks another milestone for the Initiative, which has successfully advocated on Capitol Hill for a $1.25 billion budget to the National Institutes of Health (NIH) for Long Covid research, co-founded the Long Covid Alliance to bring together over 1,000 voices in the space, launched a Long Covid Registry to help patients track symptoms to inform research, and continues to fund early-career researchers to study the disease.
Visit solvelongcovid.org to spread the word about the "How Long?" campaign, support our work to solve Long Covid and associated conditions, learn more about participating in research, and join our advocacy efforts.
About Solve ME/CFS Initiative (Solve M.E.)
The Solve ME/CFS Initiative (Solve M.E.) is a non-profit organization that serves as a catalyst for critical research into diagnostics, treatments, and cures for myalgic encephalomyelitis/chronic fatigue syndrome (ME/CFS), Long Covid, and other post-infection diseases. Our work with the scientific, medical, and pharmaceutical communities, advocacy with government agencies, and alliances with patient groups around the world is laying the foundation for breakthroughs that can improve the lives of millions who suffer from various "long haul" diseases.
MEDIA INQUIRIES ONLY CONTACT
Erin DeGiorgi
edegiorgi@jpa.com
571-338-3625
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SOURCE Solve M.E. | https://www.mysuncoast.com/prnewswire/2022/08/15/solve-me-launches-first-nationwide-psa-campaign-broaden-awareness-long-covid/ | 2022-08-15T18:59:25Z |
, June 7, 2022 /PRNewswire/ -- DERMALA, a consumer dermatology company leveraging a scientific understanding of the human microbiome to develop the next generation of products for chronic skin conditions, introduces DERMALA Skin Tests, an at-home, personalized skin testing kit. DERMALA Skin Tests measure the oil level and pH of the skin to track how the customer's skin and microbiome change while using DERMALA's acne treatment.
The DERMALA Skin Test Kit contains two tests, a Skin Oiliness Test and a Skin pH Test. The Skin Oiliness Test measures levels of sebum (oil) production, which can be associated with clogged pores, overgrowth of C. acnes, the acne-causing bacteria, and acne breakouts. The Skin pH Test measures the pH of the skin, which corresponds to skin barrier health and microbiome health. DERMALA recommends that tests are taken once a month to accurately track skin changes during acne treatment.
The launch of the at-home Skin Test Kit is an additional component of the personalization and monthly treatment optimization that the DERMALA brand is known for. As customers take the tests, a QR code is available to access a personalized Digital Skin Report Card that allows customers to monitor their skin health during the treatment, get their product formulation and assortment optimized based on results, and make skincare regimen adjustments as needed.
"It can be hard to understand whether or not your acne products are improving your overall skin health during your treatment journey," said Lada Rasochova, Ph.D. MBA, Founder & CEO of DERMALA. "Good acne treatments will help reduce skin oiliness and improve the skin barrier and microbiome health. The DERMALA Skin Tests will help our customers track the improvements of their skin health throughout their treatment journey."
The DERMALA Skin Tests are available at www.dermala.com. All DERMALA products are based on cutting-edge human microbiome science. They are formulated with patented, natural microbiome-derived prebiotics, probiotics, and postbiotics that balance the skin and gut microbiomes and improve skin health naturally.
About DERMALA
DERMALA, Inc. is a San Diego-based consumer dermatology company leveraging a scientific understanding of the human microbiome and data analytics to develop the next generation of personalized, microbiome-powered solutions for chronic skin conditions including acne and eczema, and skin wellness. Visit www.dermala.com to learn more.
Press Contact:
Erica@LazarusPR.com
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SOURCE DERMALA | https://www.kxii.com/prnewswire/2022/06/07/dermala-consumer-dermatology-company-launches-at-home-personalized-skin-tests/ | 2022-06-07T11:44:14Z |
- CobiCure's first product to help children with functional single ventricle (FSV) disorder
- Initial collaborators include healthcare investment firm, Deerfield Management and medtech innovator, Coridea
NEW YORK, June 22, 2022 /PRNewswire/ -- Advancium Health Network, a philanthropic organization dedicated to advancing healthcare services and health equity, announced today the launch of CobiCure LLC, a not-for-profit focused on curing rare, life-threatening diseases in children. CobiCure will partner with key industry stakeholder organizations from medical technologies with research, development, and regulatory experts to solve the unmet needs of pediatric healthcare.
"These rare and life-threatening pediatric patient populations are too small for promising technological solutions to be considered viable investment prospects," said Mark Veich, President of Advancium Health Network and Executive Director, Deerfield Foundation. "CobiCure's goal is to partner with innovators who need support to advance their novel discoveries through the pediatric commercialization lifecycle."
CobiCure and its collaborators will use their proven expertise and deep knowledge from idea, through development, regulatory approval and sales, to bring promising medical technologies and devices to children around the globe. All profits will be reinvested into the organization to support new product development initiatives. CobiCure will leverage Deerfield Management's expertise and insights as well as Coridea, a for-profit medical device incubator focused on solutions for cardiac, pulmonary, renal, and neurology conditions. As a resident of Cure, CobiCure will have access to leading-edge technology, equipment, and other important resources.
"Cobicure is taking a critical step forward in addressing significant unmet needs in pediatric disease and focusing on patient populations who may otherwise remain overlooked by the industry at-large," said Howard Levin, M.D., CEO of Coridea and Deerfield Catalyst. "By offering researchers and organizations a range of support and services, from ideation through funding, regulatory approval and commercialization, CobiCure has the potential to catalyze change in the pediatric care marketplace."
CobiCure will adopt a venture philanthropy model leveraging for-profit quality of resources to catalyze change in the pediatric healthcare marketplace. Initially identified through Deerfield's sourcing of investment opportunities, CobiCure's first investment will focus on the development and commercialization of a medical device for the congenital heart condition, functional single ventricle (FSV) disorder.
"Despite being one of the most vulnerable patient populations with severe conditions, regulatory and reimbursement conditions as they currently exist are impeding the advancement of new technologies that could drastically change the health of these children," said Andrew ElBardissi, Partner, Deerfield Management. "CobiCure is taking a leadership position to hopefully counter these detrimental market forces and create greater recognition by all stakeholders."
FSV encompasses a spectrum of rare and severe congenital heart diseases that affect the lower chamber of the heart. Children with a single ventricle defect are born with a heart that has only one ventricle large enough or strong enough to pump effectively, leading to life-threatening complications. Because only 2,000 children a year are born with FSV, potential solutions have been traditionally underfunded due to the small commercial market. The device in development was licensed from Transmural Systems.
CobiCure is a not-for-profit pediatric catalyst focused on curing rare and life-threating diseases in children around the globe. CobiCure is a resident of the Cure, a premier healthcare innovation campus located in New York City. For more information on how CobiCure is driving change, visit: https://advanciumhealth.org/cobicure.html
Advancium is dedicated to advancing healthcare services and health equity through philanthropic investment. Advancium facilitates charitable investment in new ideas, organizations, and initiatives that address health economic disparities, underserved patient populations, health equity challenges, and difficult-to-treat diseases. For more information on Advancium Health Network, visit: https://advanciumhealth.org/
Media Contact:
Eden Zaslow
248-881-9225
Ezaslow@apcoworldwide.com
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SOURCE Advancium Health Network | https://www.mysuncoast.com/prnewswire/2022/06/22/cobicure-launches-change-course-pediatric-healthcare/ | 2022-06-22T16:57:04Z |
Mother shot and killed five days after her 5-year-old son’s funeral
SOUTH BEND, Ind. (WNDU/Gray News) - Loved ones are mourning the loss of an Indiana mother after she was shot and killed five days after her 5-year-old son’s funeral.
Kaylynn Davidson was shot outside of a restaurant in downtown South Bend Tuesday night.
Councilman Pastor Canneth Lee was by her family’s side helping them grieve as they received the tragic news.
“When you get that call when a loved one is dead, or that a loved one is at the hospital, that a tragedy has happened, it is a lot of emotion,” he told WNDU.
Police said after Davidson was shot, the 32-year-old reportedly made it to a hospital but did not survive.
“To get that call and to be there on the scene and to comfort those individuals, this is a tragedy for our city because violence is a disease,” Lee said.
Even more heartbreaking, he said this is the second death for Davidson’s family in the last two weeks.
The first death was Davidson’s son Kyler Jackson, who was killed after an accidental shooting involving a 9-year-old relative in South Bend on May 1. Kyler died three days after the shooting.
Lee served as lead pastor at Jackson’s funeral on May 12 and helped Davidson grieve the loss of her son.
However, he said Davidson’s loved ones were heartbroken and devastated when history repeated Tuesday night.
“They have had three tragedies: Kyler, the nephew (who accidentally shot him) and now Kyler’s mom,” Lee said.
He said the only way the city can move forward is for the community to come together before yet another life is lost.
“If we can’t live for our children and raise our children, then what else do we have?” Lee said.
Copyright 2022 WNDU via Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/05/19/mother-shot-killed-five-days-after-her-5-year-old-sons-funeral/ | 2022-05-19T18:32:53Z |
As a longtime reporter in Las Vegas, Jeff German often wrote about the who's who of the underbelly in Sin City.
He covered mobsters and murderers, crooked officials and corrupt government agencies. And in recent months, he wrote about claims of bullying and hostility in a little-known office run by an elected county official.
German, a 69-year-old reporter with the Las Vegas Review-Journal, was found dead outside his home Saturday morning with stab wounds, a grisly end to a career dedicated to uncovering the truth in the Vegas area.
That elected county official he had written about -- Clark County Public Administrator Robert Telles -- is now being held on a charge of his murder, Clark County Sheriff Joseph Lombardo announced Thursday.
"This is a terrible and jarring homicide, one that has deeply impacted Las Vegas. Every murder is tragic but the killing of a journalist is particularly troublesome," Lombardo said.
Those who knew and worked with German described him as an ideal example of an investigative reporter.
"Jeff is the ultimate Vegas reporter. He's been here 30 years, he's covered everything from the mob to the fire at the MGM Grand, to the -- we covered the October 1 shooting (at a music festival in 2017) together," said Arthur Kane, a reporter at the Review-Journal. "He basically was a 100% hard-hitting reporter, and this was the kind of work he was going to do for as long as he could."
"The Review-Journal family is devastated to lose Jeff," Review-Journal executive editor Glenn Cook said. "He was the gold standard of the news business. It's hard to imagine what Las Vegas would be like today without his many years of shining a bright light on dark places."
In recent months, German had written about allegations of wrongdoing in the Clark County Public Administrator's office, reporting that Telles created a hostile work environment and carried on an inappropriate relationship with a staffer.
In response to the articles, Telles published posts on his campaign's website and wrote a letter to German in which he called the allegations "false" and insisted that German was trying to "drag me through the mud." In June, Telles lost his bid for reelection in a Democratic primary.
Investigators knew that Telles was upset with German for his reporting and put him on a list of persons of interest, Las Vegas Metro Police Capt. Dori Koren said. They soon connected German to the suspect's vehicle and found blood on his shoes and located his DNA at the crime scene, all evidence that led to his arrest Wednesday, Koren said.
German was stabbed seven times, Clark County Chief Deputy District Attorney Richard Scow said during Telles's court appearance Thursday. The DNA evidence was found under the journalist's fingernails, he said, a detail Justice of the Peace Elana Lee Graham called "quite chilling."
"The defendant's DNA is alleged to have been recovered from the hands of the victim, presumably during the time in which he was fighting for his life," Graham said, noting that German had several "defensive wounds on his hands and arms."
Telles was denied bail and is expected back in court on September 13.
Despite all those years of reporting on mobsters, murderers and underworld figures, it was a local elected official who was charged with his killing, CNN chief law enforcement and intelligence analyst John Miller noted.
"I think when you look at Jeff German, though -- the mob, criminal organizations, murderers, stories in the desert about buried gold -- if you asked me who would be behind the murder of Jeff German I would have gone through a long list before I would have found my way to a public official who worked in a boring job dealing with people's wills and estates in an office where people called him a bully," he said.
Over three decades reporting in Sin City
Long a fixture in the Vegas reporting scene, German worked for more than two decades at the Las Vegas Sun and then joined the Review-Journal in 2010, according to a profile in the Review-Journal.
His work often exposed alleged wrongdoing and corruption in government. For example, he and other reporters uncovered evidence of wasteful spending at the Las Vegas Convention and Visitors Authority, the government agency that came up with the "What happens in Vegas, stays in Vegas" slogan. The investigative series led to an audit of the authority and charges against several agency executives.
He also reported on the devastating mass shooting at the Route 91 Harvest Festival in Las Vegas on October 1, 2017. According to his reporting, the gunman fired at two giant jet fuel tanks at an airport near the festival, striking one of them, before turning on the crowd of concertgoers. Though the fuel tank did not erupt, the reporting led to a review of the fuel system's safety, the Review-Journal reported.
Other focuses of his work were the close ties between the mob and casinos in Vegas over the decades, including in the 1998 murder of Vegas casino magnate Ted Binion.
In 2001, German wrote the book "Murder in Sin City: The Death of a Las Vegas Casino Boss," billed as "a stunning account of human deterioration and depravity, a neon-tinged view of the poisonous rot that festers beneath the Vegas glitter."
Miller, the CNN analyst, said he worked with German on the Binion story and praised his work.
"He was part of a small club of American reporters who was an investigative reporter who took on the mob, who took on casinos, corruption, all the things you can find in the underbelly of a place like Las Vegas, and he did it fearlessly and with precision," Miller said.
In a statement Thursday the family thanked "everyone for the outpouring of love, support and recognition for Jeff and his life's work," the Review-Journal reported.
"Jeff was a loving and loyal brother, uncle and friend who devoted his life to his work exposing wrongdoing in Las Vegas and beyond. We're shocked, saddened and angry about his death. Jeff was committed to seeking justice for others and would appreciate the hard work by local police and journalists in pursuing his killer. We look forward to seeing justice done in this case."
German also expanded into podcasting in recent years. He was the writer and host of Season 2 of "Mobbed Up: The Fight for Vegas," an eight-part true-crime series by the Review-Journal and the Mob Museum about the Aladdin Hotel's role in the fight against organized crime in the 1970s and 80s.
"There's no doubt Jeff was a tough reporter but he was always fair," Gov. Steve Sisolak said on Twitter, "and I will always have immense respect for him and his work."
The leaders of journalist organizations said the killing highlighted the dangers that reporters face.
"When we say journalism is a dangerous business, we are most often talking about international crisis and foreign correspondents, but right here in a major city in the United States, we see the depth to which dark forces may sink in order to stop publication of the truth," said Jen Judson, President of the National Press Club, and Gil Klein, President of the National Press Club Journalism Institute.
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- TNXP: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=TNXP&prnumber=051720222
- PARA: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=PARA&prnumber=051720222
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SOURCE InvestorsObserver | https://www.mysuncoast.com/prnewswire/2022/05/17/thinking-about-buying-stock-bird-sundial-growers-tonix-pharmaceuticals-or-paramount/ | 2022-05-17T14:44:12Z |
Accelerating Breakthrough Platform Focused on Market Share Strategies
DALLAS, April 12, 2022 /PRNewswire/ -- HundredX, Inc., a novel real-time market share strategy platform, successfully completed a financing round bringing the Company's total funding to over $80 million. Proceeds will be used to grow HundredX's ethically-sourced customer experience database and to accelerate client acquisition and product development. The financing was backed by an array of prominent business leaders including Clark Hunt, Chairman and CEO of the Kansas City Chiefs and FC Dallas, and Charles "Chuck" Schwab, discount brokerage pioneer.
HundredX is an innovative large-scale platform designed to help executives, investors and consultants make key competitive decisions in real-time and at a dramatically lower cost. "Today's hyper-dynamic business environment requires a different approach to strategy development than legacy projects that cost millions of dollars, are labor intensive and painfully slow," said Rob Pace, HundredX Founder & CEO.
Combining decades of strategy and investment expertise with advanced AI capabilities, HundredX transforms its proprietary database on millions of consumer experiences into strategy insights that identify future customer purchase decisions and highlight the actions that will most benefit a specific company over its competitors.
"Leveraging HundredX, we are able to provide our executive clients with higher quality insights cutting project time and costs in half." Said John Hayes, founder of Hayes Enterprises and former CMO at American Express. "For example, HundredX has been a key data engine powering our ability to help a client understand their strengths and weaknesses in the market and to build a narrative to drive meaningful revenue growth."
Unique to HundredX is its dual mission. "Our business model starts with ethically-sourced data from millions of customer experiences created through the HundredX Causes™ program", explained Andre Benjamin, Head of Strategy at HundredX and a former research analyst covering top data companies for Goldman Sachs. "To source honest feedback from everyday consumers, we created programs where hundreds of diverse non-profit and other cause-based organizations generate millions of dollars in combined funding. Supporters of these causes can 'give without spending' by simply sharing their range of experiences as customers."
"The HundredX platform helped FC Dallas youth soccer teams and their families raise hundreds of thousands of dollars for needs-based scholarships and equipment," said Clark Hunt. "More than 90% of the eligible users opted in to provide consumer feedback and raise funds through the program."
Unlike legacy survey models that collect data on one or a limited set of brands, HundredX feedback providers self-select the portfolio of businesses and brands they use from over 2,000 options using an intuitive, socially responsible listening tool. Companies from across the consumer landscape, such as leading restaurants, retailers, consumer product goods, healthcare, and technology companies, among many other sectors, are included on the platform. The result is a continuous stream of millions of pieces of double-blind data from a diverse group of consumers from across the US.
"In business, I saw that the leaders who prioritized customer experience and had actionable insights always won. Advising nonprofits, I observed tens of millions of passionate supporters who understood the funding needs but could not always write a check. HundredX unites these two worlds and serves as a new model to blend doing good and doing well in business," said CEO Pace, a former National Chair of the Salvation Army and Goldman Sachs Partner.
About HundredX
HundredX, Inc., is an innovative real-time market share strategy platform. The Company combines proprietary cross-wallet consumer feedback data with strategy expertise, investment experience and data science to deliver breakthrough insights that inform leaders about changing competitive landscapes and key opportunities to grow market share. The HundredX Causes program provides ethically-sourced customer experience data while generating millions of dollars in funding for diverse causes.
Headquartered in Dallas, Texas, HundredX was founded by Rob Pace, a former senior Partner at Goldman Sachs and National Chair at the Salvation Army. For more information on HundredX, please visit www.hundredx.com.
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SOURCE HundredX | https://www.kxii.com/prnewswire/2022/04/12/hundredx-inc-successfully-completes-series-d-funding/ | 2022-04-12T16:43:23Z |
Pioneer in Blended Fruit and Veggie Bowls Announces Locations in Key Markets
DENVER, May 31, 2022 /PRNewswire/ -- Rush Bowls - a fast-casual concept known for its fresh and healthy meals-in-a-bowl – is continuing its rapid national expansion through the announcement of several new locations expected to open in 2022. These new additions will be located in Alabama, Florida, Idaho, Louisiana, Texas, Minnesota and Colorado and will work towards fulfilling the brand's goal of making quick and healthy meals more accessible across the country. Some of these new Rush Bowls locations will be making their debut:
- Just opened in late-May at 1151 E. Southlake Blvd. in Southlake, TX 76092
- Opening in Mid-June at 113 20th Street S, Birmingham, Alabama 35233
- Opening in Late-June at 12450 Tamiami Trail E #106, Naples, Florida 34113
- Opening in Mid-July at The Warehouse Food Hall in Boise, Idaho
- Opening in August at 1360 W University Avenue, Suite 40, Gainesville, Florida 32603
- Opening in August at 6543 York Ave South, Edina, Minnesota 55435
- Opening in Fall of 2022 at 1580 Blake St., Denver, Colorado 80202
"People across the country are wanting a healthy, on-the-go food option," said Andrew Pudalov, Founder and CEO of Rush Bowls. "We are looking for very intentional growth and continue to see an increase in brand demand from both our guests for our offerings, and from potential franchisees interested in growing their business portfolios."
Rush Bowls offers its guests a wide selection of customizable bowls and smoothies. An industry pioneer in the genesis of healthy food bowls, the brand's bowl creations provide guests with the perfect blend of all-natural fruits and veggies topped with delightfully crunchy, organic granola, a drizzle of honey, and a choice of fresh fruits and toppers. Rush Bowls can be blended with protein, vitamins and other nutritious ingredients while remaining low in calories and fat content.
"We are confident that our proven business model and mission to provide more people with healthy food options will perform well in all of these new markets," said Nicole McCray, Senior Vice President of Rush Bowls.
The announcement of these additional locations comes during a time when Rush Bowls is experiencing significant year over year growth in its system-wide sales. This growth is propelled by the brand's efforts to stay on the cutting edge of industry innovation and cater to the ever-changing needs of its consumer base. Unveiling new locations in key markets throughout the country, debuting its state-of-the-art online ordering mobile application, and introducing exciting, limited time menu offerings are just some of the ways Rush Bowls maintains consumer interest amidst the demand it is experiencing.
For more information on Rush Bowls and its continued expansion throughout the U.S., please visit www.rushbowls.com.
About Rush Bowls
Rush Bowls was founded in 2004 when founder, Andrew Pudalov, a Wall Street executive, decided to leave New York's financial scene to pursue his dream of creating a healthy, fast-casual restaurant that fueled people's lives with honest ingredients and delicious recipes. As a result, Rush Bowls was born in Boulder, Colorado, offering meals crafted from the finest fruits and vegetables, topped with organic granola and honey, and other nutritious ingredients that taste delicious while promoting a healthy lifestyle. Franchising since 2016, Rush Bowls currently has over 35 restaurants open and operating in 20 states with over 100 additional locations in various stages of development with expansion to 23+ states. For more information on Rush Bowls', visit www.rushbowls.com, and for more information on the brand's franchise opportunity, visit https://rushbowls.com/franchise
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SOURCE Rush Bowls | https://www.kxii.com/prnewswire/2022/05/31/rush-bowls-continues-us-expansion-with-several-new-openings/ | 2022-05-31T20:01:49Z |
NEW YORK, June 8, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Innovative Industrial Properties, Inc..
Shareholders who purchased shares of IIPR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
CLASS PERIOD: May 7, 2020 to April 13, 2022
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) Innovative Industrial Properties' focus is to be a cannabis company lender rather than a REIT; (2) that the true values of the Company's properties are significantly lower than Innovative Industrial Properties represents; (3) there are existential issues in its top customers; (4) as a result, its top customers may not be able to continue making payments to Innovative Industrial Properties and the Company would face significant issues replacing these customers; and (5) as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.
DEADLINE: June 24, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/innovative-industrial-properties-inc-loss-submission-form/?id=28167&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of IIPR 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 June 24, 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.mysuncoast.com/prnewswire/2022/06/08/shareholder-alert-gross-law-firm-notifies-shareholders-innovative-industrial-properties-inc-class-action-lawsuit-lead-plaintiff-deadline-june-24-2022-nyse-iipr/ | 2022-06-08T10:38:03Z |
LONDON and NEW YORK, Sept. 7, 2022 /PRNewswire/ -- Global creator commerce company Whalar today announced a first-of-its-kind partnership with Logitech For Creators - a brand extension of Logitech that is dedicated to empowering all creators pursue their passions - to launch a company-sponsored initiative to accelerate the careers of up-and-coming creators from under-represented communities.
The Whalar Creator Academy will host a ten-week program of expert training, networking, and career development resources to pave a way for diverse creators to build lifelong, entrepreneurial careers. Through Whalar's unique capabilities, the rising creatives will also be paired with more established creators with shared similar styles, identities and communities - including TikTok stars Emmanuel Duverneau (3.4 million followers), Matthew and Ryan (6.1 million) and Shirli (2 million) - for mentorship during the educational program.
Jamie Gutfreund, Global CMO at Whalar said: "Creativity is accessible to many, however building a sustainable and profitable career as a content creator can have its limitations, especially for creators from underrepresented communities. Whalar's mission is to liberate all creative voices, so we are proud to bring on board an industry leader equally committed to empowering creators and building a robust creator economy to launch our first Creator Academy."
Logitech For Creators, who launched their global platform "Together We Create" earlier this year, seeks to amplify creator voices, champion community, and empower change, big and small, for a more diverse and inclusive future.
On the importance of investing in creators, Erin Chin, CMO at Logitech For Creators said: "Creators have the extraordinary potential and ability to shape culture today. This is why we put creators at the center of everything that we do including building solutions to help them create better, cultivating a diverse and inclusive community, and empowering creators to enact change big and small."
The Whalar Creator Academy will formally launch on September 12th 2022, and will work with creators covering a wide range of content themes, passions, and identities across all platforms from Germany, UK and US. Leaders of the creator community and influencer marketing driving the Creator Academy courses include C Talent, Patreon, The Rose Group and the Ad Council. To bring the inaugural Creator Academy to a close, Sir John Hegarty, founder and creative at BBH and The Garage Soho, and Board Chair at Whalar will share his insights on using creativity to break the mold.
The Creator Academy is part of Whalar for Good - a global initiative designed to harness the power and potential of the creator community by encouraging positive social change through strategic partnerships with creators, brands, and leading social platforms.
Kerry Perse, Creators for Good Lead at the Ad Council said: "Creators have a unique and powerful role to do good in the world. When we match their passions with the support and tools to succeed, empowering them to be ambassadors for change – and inspiring others to do the same – our communities and society will be stronger for it. This is what we do every day with the Ad Council's Creators for Good program and look forward to partnering with Whalar and Logitech For Creators to empower more trusted messengers to drive positive change."
Find out more about the Creator Academy at whalar.com/CreatorAcademy.
Jacquelyn Udeh
Senior Communications Manager - Whalar
jacquelyn.udeh@whalar.com
Aasit Thakkar
Senior Global Communications Manager - Logitech For Creators
athakkar@logitech.com
Whalar is a global creator commerce company enabling creators, brands, and the world's leading social platforms to work better together to drive business growth for all. We help brands stay culturally relevant through strategic creator relationships that deliver entertaining and must see content at scale. We are differentiated by our unique capabilities, including comprehensive creator talent management, brand partnership expertise, proprietary technology, a dedicated Web3 innovation practice, and C Talent, the leading management agency for Deaf and Disabled talent. Our team includes over 300 diverse storytellers, creatives, data, and technology specialists across North America, Europe, APAC, and MENA. We power the creator economy. We are Whalar. Find out more at www.whalar.com.
Logitech For Creators, a brand extension of Logitech International, that helps all creators pursue their passions by unlocking their extraordinary potential and ability to shape culture. From solutions spanning lighting, microphones, cameras, and software to platforms that champion community and change - we put creators at the heart of everything we do. Logitech For Creators brings together Blue Microphones, Mevo, and Streamlabs, brands that have always served creators with their tools.
Founded in 1981, and headquartered in Lausanne, Switzerland, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and the Nasdaq Global Select Market (LOGI). Find Logitech For Creators at www.logitech.com/creators, the company blog, or @LogitechC.
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SOURCE Whalar | https://www.mysuncoast.com/prnewswire/2022/09/07/whalar-logitech-team-up-launch-accelerator-program-under-represented-creators/ | 2022-09-07T15:04:28Z |
JACKSONVILLE, Fla., June 23, 2022 /PRNewswire/ -- Beeline, the leading technology solution provider for managing the extended workforce, today announced human capital management (HCM) industry veteran Teresa Creech has joined the company as Chief Corporate Development Officer (CCDO). As part of the executive leadership team, Creech will be responsible for leading corporate strategy, including mergers and acquisitions. With more than 25 years of experience, Creech is an influencer and leader in the extended workforce space and has played an important role in shaping the industry.
Creech's experience includes HCM technology, global MSP/VMS, staffing, and IC compliance. A household industry name, Creech is known for successfully leading companies through mergers and acquisitions, understanding all facets of the business from operations to sales and marketing, and advising companies on maximizing the impact of their external workforces.
"Teresa has a longtime passion for our industry and we know that she will be a vital contributor to Beeline's continued success," said Doug Leeby, CEO of Beeline. "Her tenured expertise with the external workforce will empower our customers and our company as we accelerate growth and establish new standards for the industry. We're thrilled to have Teresa on the team."
Before joining Beeline, Creech was CEO of TalentWave, recently acquired by People 2.0. Prior to that, she served as CEO of ICon Professional Services, and held executive positions at managed service providers KellyOCG and Randstad Sourceright US, the latter of which she served as president for MSP and CW Solutions. Her many accomplishments in these roles led to her spot in the Staffing Industry Analysts' Staffing 100 Hall of Fame.
Creech said, "In this transformational talent landscape, Beeline and our customers are positioned for exponential growth. I am grateful for the opportunity to contribute to the journey. Having worked with Beeline as a partner for many years, I have a deep respect for the culture, the expertise of the team, and the consistent delivery on innovation."
Creech has served on multiple private equity and advisory boards, where she demonstrated her passion for team building and corporate strategy. She has also been a member of, and advisor to, the Women's Business Collaborative, an organization accelerating the advancement of women business leaders and fostering gender diversity and pay parity in the workplace.
Enabling companies to increase profitability and flexibility by utilizing an agile mix of employee and non-employee talent, Beeline is the world's largest independent provider of cloud solutions for sourcing and managing the complex world of contingent labor. Our software helps procurement, sourcing, and human resources professionals optimize costs, reduce risks, and add value to their services procurement and contingent workforce programs.
We have the deepest, most seasoned team of contingent workforce solution professionals. From our locations around the world, we deliver innovative technology, end-to-end global and localized customer engagement services, and value-added capabilities which help many of the world's largest enterprises meet their most critical talent needs. To learn more, visit beeline.com.
Contacts:
Ann Warren
awarren@clearedgemarketing.com
770.328.8384
Jessica Ashcraft
Vice President of Marketing, Beeline
marketing@beeline.com
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SOURCE Beeline | https://www.mysuncoast.com/prnewswire/2022/06/23/human-capital-management-veteran-teresa-creech-joins-beeline/ | 2022-06-23T14:32:40Z |
- RGX-314 program for the treatment of wet AMD and diabetic retinopathy, being developed in collaboration with AbbVie, remains on track for first BLA filing in 2024
- AFFINITY DUCHENNE™ Phase I/II trial of RGX-202 remains on track for dosing in the first half of 2023
- Announced intention to file a BLA in 2024 using the accelerated approval pathway for RGX-121 for the treatment of MPS II; pivotal program is active and enrolling patients
- $682 million in cash, cash equivalents and marketable securities of as of June 30, 2022; operational runway into 2025
- Conference call Wednesday, August 3rd at 4:30 p.m. ET
ROCKVILLE, Md., Aug. 3, 2022 /PRNewswire/ -- REGENXBIO Inc. (Nasdaq: RGNX) today announced financial results for the second quarter ended June 30, 2022, and recent operational highlights.
"Our '5x'25' strategy to have five gene therapies either on the market or in late-stage development by 2025 is progressing well," said Kenneth T. Mills, President and Chief Executive Officer of REGENXBIO. "Earlier today, we announced that the pivotal program for RGX-121, our AAV Therapeutic for the treatment of MPS II, is active and enrolling patients, making this our second program to enter this stage of development. We believe RGX-121 will advance rapidly through the clinic, supporting our intention to file a BLA in 2024 using the accelerated approval pathway. RGX-314, being developed in collaboration with AbbVie, is also progressing well. We have two ongoing pivotal trials evaluating RGX-314 for the treatment of wet AMD and remain on track for a BLA filing in 2024. As previously announced, we also have progressed our Phase II trials evaluating suprachoroidal delivery of RGX-314. With our significant progress over the first half of the year along with a strong balance sheet to support the advancement of our leading AAV-gene therapy pipeline, we reman confident in our ability to deliver meaningful therapies to patients."
Program Highlights and Milestones
RGX-314: RGX-314 is an investigational one-time AAV Therapeutic being developed in collaboration with AbbVie for the treatment of wet age-related macular degeneration (wet AMD), diabetic retinopathy (DR) and other additional chronic retinal conditions. RGX-314 uses the NAV® AAV8 vector to deliver a gene encoding a therapeutic antibody fragment to inhibit vascular endothelial growth factor (VEGF).
- RGX-314 Subretinal Delivery for the Treatment of Wet AMD
- RGX-314 Suprachoroidal Delivery for the Treatment of Wet AMD
- RGX-314 Suprachoroidal Delivery for the Treatment of DR
RGX-202: RGX-202 is an investigational one-time AAV Therapeutic for the treatment of Duchenne Muscular Dystrophy (Duchenne), using the NAV AAV8 vector to deliver a transgene for a novel microdystrophin that includes the functional elements of the C-Terminal (CT) domain as well as a muscle specific promoter to support a targeted therapy for improved resistance to muscle damage associated with Duchenne.
- Preparation for the initiation of the AFFINITY DUCHENNE™ Phase I/II trial continues, including readying clinical trial sites and manufacturing additional clinical supply for the trial.
- REGENXBIO anticipates dosing the first patient in this trial in the first half of 2023.
RGX-121: RGX-121 is an investigational one-time AAV Therapeutic for the treatment of Mucopolysaccharidosis Type II (MPS II), also known as Hunter Syndrome, using the NAV AAV9 vector to deliver the gene that encodes the iduronate-2-sulfatase (I2S) enzyme.
- REGENXBIO has announced that, following discussions with the FDA, it intends to file a BLA in 2024 using the accelerated approval pathway for RGX-121 for the treatment of MPS II.
- The Phase I/II trial of RGX-121 for the treatment of pediatric patients with MPS II over the age of five years old is also ongoing.
RGX-111: RGX-111 is an investigational one-time AAV Therapeutic for the treatment of severe Mucopolysaccharidosis Type I (MPS I), using the NAV AAV9 vector to deliver the α-l-iduronidase (IDUA) gene.
- REGENXBIO continues with plans to enroll additional patients in a Cohort 2 expansion arm of the Phase I/II trial.
Operational Updates
- Opened state-of-the-art gene therapy manufacturing facility
NAV Technology Licensee Program Highlights
As of June 30, 2022, REGENXBIO's NAV Technology Platform was being applied in one marketed product and multiple clinical stage partnered programs, with the potential to impact a broad range of therapeutic areas and disease indications.
- Zolgensma®, a one-time AAV Therapeutic for the treatment of spinal muscular atrophy (SMA), is a marketed product utilizing REGENXBIO's NAV AAV9 vector. In July 2022, Novartis AG reported second quarter global sales of Zolgensma of $379 million (>2,300 patients treated worldwide.)
- In May 2022, Rocket Pharmaceuticals, Inc. announced RP-A501 for the treatment of Danon disease was well-tolerated in both patients from the low-dose (6.7 x 1013GC/kg; n=2) pediatric cohort. RP-A501 is being developed as a one-time gene therapy utilizing REGENXBIO's NAV AAV9 vector.
- In May 2022, Prevail Therapeutics Inc., a wholly owned subsidiary of Eli Lilly, announced that the FDA accepted an IND application to study PR001 (LY3884961) for Type 1 Gaucher disease (GD1) in a Phase 1/2 clinical trial. PR001 (LY3884961) is being developed as a one-time gene therapy utilizing REGENXBIO's NAV AAV9 vector.
- In May 2022, Ultragenyx Pharmaceutical Inc. announced dosing and enrollment of the Phase 3 study of DTX401 for Glycogen Storage Disease Type Ia (GSDIa) is ongoing. Ultragenyx expects to initiate the Phase 3 eNH3ance study of DTX301 for Ornithine Transcarbamylase (OTC) Deficiency in mid-2022, and is dosing patients in the Phase 1/2 stage of the seamless Phase 1/2/3 Cyprus2+ study of UX701 for Wilson Disease. DTX401 and DTX301 are both being developed as one-time gene therapies utilizing REGENXBIO's NAV AAV8 vector. UX701 is being developed as a one-time gene therapy utilizing REGENXBIO's NAV AAV9 vector.
Financial Results
Cash Position: Cash, cash equivalents and marketable securities were $682.0 million as of June 30, 2022, compared to $849.3 million as of December 31, 2021. The decrease was primarily driven by cash used to fund operating activities and capital expenditures and temporary unrealized losses on marketable debt securities during the six months ended June 30, 2022.
Revenues: Revenues were $32.6 million for the three months ended June 30, 2022, compared to $22.0 million for the three months ended June 30, 2021. The increase was primarily attributable to Zolgensma royalty revenues, which increased by $10.0 million, from $18.4 million for the second quarter of 2021 to $28.4 million for the second quarter of 2022. As reported by Novartis, sales of Zolgensma for the second quarter of 2022 increased by 20% as compared to the second quarter of 2021, driven by geographic expansion of product access outside the United States.
Research and Development Expenses: Research and development expenses were $61.0 million for the three months ended June 30, 2022, compared to $45.9 million for the three months ended June 30, 2021. The increase was primarily attributable to personnel costs as a result of increased headcount, and costs associated with clinical trials and manufacturing-related activities for our lead product candidates.
General and Administrative Expenses: General and administrative expenses were $20.8 million for the three months ended June 30, 2022, compared to $18.4 million for the three months ended June 30, 2021. The increase was primarily attributable to personnel costs and corporate overhead expenses.
Net Loss: Net loss was $68.2 million, or $1.58 basic and diluted net loss per share, for the three months ended June 30, 2022, compared to a net loss of $57.6 million, or $1.36 basic and diluted net loss per share, for the three months ended June 30, 2021.
Financial Guidance
Based on its current operating plan, REGENXBIO expects its balance in cash, cash equivalents and marketable securities of $682.0 million as of June 30, 2022 to fund its operations into 2025.
Conference Call
In connection with this announcement, REGENXBIO will host a conference call and webcast today at 4:30 p.m. ET. A live audio webcast will be available at regenxbio.com/investors. Interested parties may also pre-register for the earnings conference call here. Once registration is completed, participants will be provided a dial-in number with a personalized conference code to access the call. Those who plan on participating are advised to dial in 15 minutes prior to the start time.
About REGENXBIO Inc.
REGENXBIO is a leading clinical-stage biotechnology company seeking to improve lives through the curative potential of gene therapy. REGENXBIO's NAV Technology Platform, a proprietary adeno-associated virus (AAV) gene delivery platform, consists of exclusive rights to more than 100 novel AAV vectors, including AAV7, AAV8, AAV9 and AAVrh10. REGENXBIO and its third-party NAV Technology Platform Licensees are applying the NAV Technology Platform in the development of a broad pipeline of candidates, including late-stage and commercial programs, in multiple therapeutic areas. REGENXBIO is committed to a "5x'25" strategy to progress five AAV Therapeutics from our internal pipeline and licensed programs into pivotal-stage or commercial products by 2025.
Forward-Looking Statements
This press release includes "forward-looking statements," within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements express a belief, expectation or intention and are generally accompanied by words that convey projected future events or outcomes such as "believe," "may," "will," "estimate," "continue," "anticipate," "assume," "design," "intend," "expect," "could," "plan," "potential," "predict," "seek," "should," "would" or by variations of such words or by similar expressions. The forward-looking statements include statements relating to, among other things, REGENXBIO's future operations, clinical trials, costs and cash flow. REGENXBIO has based these forward-looking statements on its current expectations and assumptions and analyses made by REGENXBIO in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors REGENXBIO believes are appropriate under the circumstances. However, whether actual results and developments will conform with REGENXBIO's expectations and predictions is subject to a number of risks and uncertainties, including the timing of enrollment, commencement and completion and the success of clinical trials conducted by REGENXBIO, its licensees and its partners, the timing of commencement and completion and the success of preclinical studies conducted by REGENXBIO and its development partners, the timely development and launch of new products, the ability to obtain and maintain regulatory approval of product candidates, the ability to obtain and maintain intellectual property protection for product candidates and technology, trends and challenges in the business and markets in which REGENXBIO operates, the size and growth of potential markets for product candidates and the ability to serve those markets, the rate and degree of acceptance of product candidates, the impact of the COVID-19 pandemic or similar public health crises on REGENXBIO's business, and other factors, many of which are beyond the control of REGENXBIO. Refer to the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of REGENXBIO's Annual Report on Form 10-K for the year ended December 31, 2021, and comparable "risk factors" sections of REGENXBIO's Quarterly Reports on Form 10-Q and other filings, which have been filed with the U.S. Securities and Exchange Commission (SEC) and are available on the SEC's website at www.sec.gov. All of the forward-looking statements made in this press release are expressly qualified by the cautionary statements contained or referred to herein. The actual results or developments anticipated may not be realized or, even if substantially realized, they may not have the expected consequences to or effects on REGENXBIO or its businesses or operations. Such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Readers are cautioned not to rely too heavily on the forward-looking statements contained in this press release. These forward-looking statements speak only as of the date of this press release. Except as required by law, REGENXBIO does not undertake any obligation, and specifically declines any obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contacts:
Dana Cormack
Corporate Communications
dcormack@regenxbio.com
Investors:
Chris Brinzey, ICR Westwicke
339-970-2843
Chris.brinzey@westwicke.com
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SOURCE REGENXBIO Inc. | https://www.mysuncoast.com/prnewswire/2022/08/03/regenxbio-reports-second-quarter-2022-financial-results-recent-operational-highlights/ | 2022-08-03T20:54:50Z |
WASHINGTON (AP) — The United States and Western allies plan to pile additional sanctions on Russia on Wednesday after the emergence of troubling new evidence of war crimes in Ukraine, according to the White House. The new penalties will include a ban on all new investment in Russia.
Among the other measures being taken against Russia are greater sanctions on its financial institutions and state-owned enterprises, and sanctions on government officials and their family members, according to White House press secretary Jen Psaki.
“The goal is to force them to make a choice,” she said. “The biggest part of our objective here is to deplete the resources that Putin has to continue his war against Ukraine.”
Separately, the Treasury Department moved Tuesday to block any Russian government debt payments with U.S. dollars from accounts at U.S. financial institutions, making it harder for Russia to meet its financial obligations.
The Biden administration also announced Tuesday night that it was sending an additional $100 million worth of military assistance to Ukraine. Pentagon press secretary John Kirby said the new equipment will meet “an urgent Ukrainian need for additional Javelin anti-armor systems.”
President Joe Biden and U.S. allies have worked together to levy a crippling of economic penalties against Russia for invading Ukraine more than a month ago, including the freezing of central bank assets, export controls and the seizing of property, including yachts, that belong to Russia’s wealthy elite. But calls for increased sanctions intensified this week in response to the attacks, killings and destruction in the Ukrainian city of Bucha.
The sanctions are intended to further Russia’s economic, financial and technological “isolation” from the rest of the world as a penalty for its attacks on civilians in Ukraine, Psaki said. That isolation is a key aspect of the U.S. strategy, which is premised on the idea that Russia will ultimately lack the resources and equipment to keep fighting a prolonged war in Ukraine.
Psaki said the administration is assessing “additional consequences and steps we can put in place” but underscored that Biden is not weighing any military action.
An increasingly desperate Russia has engaged in military tactics that have outraged much of the wider global community, leading to charges that it is committing war crimes and causing other sanctions.
Still, almost all of the EU has refrained from an outright ban on Russian oil and natural gas that would likely crush the Russian economy. The U.S. has banned fossil fuels from Russia, while Lithuania blocked natural gas from that country on Saturday, becoming the first of the 27-member EU to do so. The EU executive branch on Tuesday proposed a ban on Russian coal, while Germany’s government intends to end its use of Russian natural gas over the next two years.
On Monday, Biden called for his Russian counterpart, Vladimir Putin, to be tried for war crimes and face new sanctions because of the atrocities and abuses seen around Kyiv after Russian forces pulled back from the Ukrainian capital. The corpses of what appeared to be civilians were seen strewn in yards, many of them likely killed at close range.
Biden said the U.S. and its allies would gather details for a war crimes trial, stressing that Putin has been “brutal” and his actions “outrageous.”
Associated Press journalists saw dozens of bodies in Bucha on the outskirts of Kyiv. There were at least 13 bodies in and around a building that local people said Russian troops used as a base. Three other bodies were found in a stairwell, and a group of six were burned together.
Many victims seen by the AP appeared to have been shot at close range. Some were shot in the head. At least two had their hands tied. A bag of spilled groceries lay near one victim. | https://cw33.com/business/ap-business/white-house-us-allies-to-ban-new-investments-in-russia/ | 2022-04-06T18:48:07Z |
COLUMBUS, Ohio, July 12, 2022 /PRNewswire/ -- Demotech, Inc., the first to review and rate independent, regional and specialty insurers, has assigned a Financial Stability Rating® (FSR) of A", Unsurpassed, to Prime Insurance Company. This level of FSR is assigned to insurers who possess unsurpassed financial stability, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves (L&LAE) and realistic pricing.
Demotech's President and co-founder, Joseph Petrelli, noted "It is a pleasure to have Prime Insurance Company return to the growing list of Demotech rated carriers. In an industry that is attracted to data analytics and artificial intelligence, the team at Prime Insurance Company recognizes that marketing, underwriting and effective claims handling require natural intelligence as well. This is a distinguishing feature at Prime."
Prime Insurance Company is a committed and trusted resource for individuals, businesses and producers, following a bold business model that has inspired forty years of success and growth. By keeping underwriting and risk management teams in-house, Prime has been able to write an endless list of risk classes, and offer a broad range of coverage in specialty classes. Their in-house, expert claims team has handled over 70,000 claims and provides support to insureds throughout the entire insurance process - from risk mitigation to claims handling. Their internal teams support Prime, the producer and the insured to get the most reliable coverage for their liability risk.
Visit www.primeis.com to learn how Prime Insurance Company can assist your efforts.
Demotech, Inc. is a financial analysis firm specializing in evaluating the financial stability of independent, regional and specialty insurers. Since 1985, Demotech has served the insurance industry by assigning Financial Stability Ratings® (FSRs) for Property & Casualty insurers and Title underwriters. Demotech's philosophy is to review and evaluate insurers based on their area of focus and execution of their business model rather than solely on financial size. Demotech was the first to review and rate independent regional and specialty insurers. Visit www.demotech.com for additional information on how we can assist you.
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SOURCE Demotech, Inc. | https://www.wibw.com/prnewswire/2022/07/12/demotech-assigns-its-highest-financial-stability-rating-prime-insurance-company/ | 2022-07-12T22:46:00Z |
Man arrested after teenage girl hit by propeller after going overboard on boat
Published: Jul. 5, 2022 at 10:14 AM CDT|Updated: 20 minutes ago
LIVINGSTON PARISH, La. (WAFB/Gray News) – A teenage girl was killed Monday after falling off a pontoon boat into the Blind River.
According to the Louisiana Department of Wildlife and Fisheries, Madison Bradley, 17, and another male passenger were riding on the bow of the boat in front of the protective rail when they hit a wake from a passing vessel.
Both Bradley and the man were knocked into the water.
Authorities say Bradley did not resurface and suffered severe propeller strikes.
The man had minor injuries and should be OK.
The boat operator was arrested and charged with vehicular homicide, driving a vessel while impaired and reckless operation of a vessel.
Copyright 2022 WAFB via Gray Media Group, Inc. All rights reserved. | https://www.wibw.com/2022/07/05/man-arrested-after-teenage-girl-hit-by-propeller-after-going-overboard-boat/ | 2022-07-05T15:35:15Z |
NEW YORK, Aug. 3, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for APDN, HSDT, EAR, PING, and CEMI.PING
To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link.
- APDN: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=APDN&prnumber=080320221
- HSDT: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=HSDT&prnumber=080320221
- EAR: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=EAR&prnumber=080320221
- PING: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=PING&prnumber=080320221
- CEMI: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?symbol=CEMI&prnumber=080320221
(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.wibw.com/prnewswire/2022/08/03/thinking-about-buying-stock-applied-dna-sciences-helius-medical-technologies-eargo-ping-identity-or-chembio-diagnostics/ | 2022-08-03T12:57:41Z |
Work Is Just Getting Started to Protect Preborn Life on Cusp of the Overturn of Roe v. Wade
WASHINGTON, June 15, 2022 /PRNewswire/ -- Today, the Guttmacher Institute released new data concerning abortion in America, showing an alleged increase in abortion from 2017 to 2020. Live Action's Founder and President, Lila Rose, released the following comment:
"Nearly a million American children won't be here to see say their first words or walk their first steps because they were killed by abortion in 2020. The human tragedy of this alleged increase in abortion cannot be overstated. Over sixty-seven thousand more abortions were performed in 2020 than in 2017. That should make us all sick with grief. This 8% increase in abortion is accompanied by a 6% decline in births.
These numbers are a searing indictment of our society and a harsh picture of our civilizational atrophy towards the ability to love and care for our children.
These heartbreaking numbers also illustrate the effectiveness of pro-life laws restricting, or better yet, banning abortion. In Missouri, the number of abortions per year fell from 4,710 in 2017 to 170 in 2020 after Missouri passed a series of protections for pre-born life. That's a 96% decline in abortion in Missouri.
This decline in abortion tracks with the numbers we have seen out of Texas, which has seen its monthly abortion numbers cut in half since a law protecting children from their first detected heartbeat went into effect last September. Protections for life like those passed recently in Texas, Oklahoma, and elsewhere across the nation are not reflected in the data released this morning, but we can be encouraged that these laws do work to stop abortion. We must act boldly to pass even stronger protections for life immediately.
Every child callously killed by the poison or steel instruments of the abortion industry deserves to be remembered and mourned. Their memory demands that we stop the killing."
Live Action News compiled Key takeaways from this new data:
- Abortions numbers in 2020 (930,160) increased by nearly eight percent (7.87%) from 2017 (862,320), rising by 67,840.
- Abortion rate in 2020: (abortions per 1,000 women aged 15–44) climbed by 7% (13.5 in 2017 to 14.4 in 2020).
- Abortion ratio in 2020: (the number of abortions per 100 pregnancies) increased by 12% (18.4% in 2017 to 20.6% in 2020).
- The increase in abortion was accompanied by a 6% decline in births between 2017 and 2020, Guttmacher reported.
- 12% decline from 1,058,000 abortions reported in 2011, dropping by 127,840.
- 42% decline from the 1,608,600 abortions committed in 1990, a difference of 648,440 babies' lives.
- The abortion rate (the number of abortions per 1,000 women aged 15–44) fell by 15%, from 16.9 in 2011 to 14.4 in 2020 and a drastic 47.45% decrease from the 27.4 abortion rate reported in 1990.
- Between 1980 (29.3) and 2020 (14.4), the U.S. abortion rate has fallen by over 50 percent
About Lila Rose & Live Action – Lila Rose founded and serves as president of Live Action. Live Action is a 501(c)3 human rights non-profit and the digital leader of the global pro-life movement. Live Action exists today to shift public opinion on abortion and defend the rights of the most vulnerable. With over 5.6 million social media followers and 1.4 billion lifetime video views, Live Action reaches up to 100 million people per month – saving lives and transforming hearts, with 38% of surveyed followers saying Live Action's content has changed their position on abortion. Through compelling educational media, human interest storytelling, investigative reporting and community activism, Live Action reveals the humanity of the preborn and exposes the abortion industry exploiting women and families for profit. Lila is also the author of 'Fighting for Life: Becoming a Force for Change in a Wounded World. Find Lila on Twitter at @lilagracerose, and Instagram at @lilaroseofficial, and Facebook at @lilagracerose. Find out more at http://www.liveaction.org.
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SOURCE Live Action | https://www.wibw.com/prnewswire/2022/06/15/tragic-increase-abortion-must-prompt-bold-swift-action-protect-human-life/ | 2022-06-15T21:26:44Z |
INDIANAPOLIS, July 22, 2022 /PRNewswire/ -- Paul Thrift, president and CEO of Thompson Thrift, a full service nationally recognized real estate company, was recognized in the Indiana Business Journal's inaugural Top 250 list. The list honors the most influential and impactful leaders who are making an undeniable difference on the state of Indiana. Honorees range from top executives at publicly traded or privately held companies to up-and-comers across business, philanthropy, the arts, government and not-for-profits.
"I am incredibly humbled to be recognized by the IBJ as one of the state's most influential Hoosiers," said Paul Thrift, president and CEO of Thompson Thrift. "I wholeheartedly believe that 'to whom much is given, much will be required', and in both my personal and professional life I strive to embody the core values of excellence, service and leadership each day."
Since Thrift co-founded the company in 1986 with John Thompson, Thompson Thrift has grown from a locally focused development and construction company into a full-service, integrated enterprise with 550 team members. The company has successfully developed approximately $4 billion in real estate developments in 20 states, and is engaged in all aspects of acquisition, development, construction, leasing, and management of quality multifamily, mixed-use, retail, industrial and commercial projects across the country.
Thrift continued, "I'm grateful to my colleagues and peers for the guidance and support I've received over the years and to the team members of Thompson Thrift for their dedication and passion to making a positive impact in the communities we serve."
Thrift was born and raised in Terre Haute and graduated from Indiana State University. A lifelong learner who takes great pride in the opportunity to mentor tomorrow's leaders, Thrift has served and chaired a variety of business, civic, religious and non-profit organizations across the state, including chairman of the board of directors for the Indianapolis Chamber of Commerce in 2019 and chairman for the Multifamily Leadership Board for the National Association of Home Builders.
At a corporate level, Thompson Thrift partners with more than 35 local organizations with a key focus on community revitalization, youth and education. The company built a new facility for the Terre Haute Women's Center, which provides services to victims of domestic violence and converted a large home into a four-unit apartment complex for Next Step, a recovery program that helps people with addictions.
Indianapolis Chamber of Commerce recognized Thompson Thrift with a 2020 Monumental Award for Fishers District and the company also earned the distinction of being named one of GlobeSt. Real Estate Forum's Influencers of Multifamily Real Estate for 2021.
The Indiana 250 was developed and published by IBJ Media, the parent company of three news brands—Indianapolis Business Journal, Inside INdiana Business and Indiana Lawyer, whose news leaders and staffs contributed to the selections.
Thompson Thrift is an integrated full-service real estate company with offices in Indianapolis and Terre Haute, Indiana, Houston and Phoenix. Three business units drive Thompson Thrift's success—Thompson Thrift Residential which is focused on upscale Class A multifamily communities and luxury leased homes, Thompson Thrift Commercial which is focused on ground-up commercial development, and Thompson Thrift Construction, a full-service construction company. Through these business units, Thompson Thrift is engaged in all aspects of acquisition, development, construction, leasing, and management of quality multifamily, mixed-use, retail, industrial and commercial projects across the country. We are passionate about our customer's success and strive to ensure our projects not only meet the needs of our customers but also the communities we serve. For more information, please visit www.thompsonthrift.com
Contact:
Jennifer Franklin
Spotlight Marketing Communications
949.427.1385
jennifer@spotlightmarcom.com
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SOURCE Thompson Thrift | https://www.wibw.com/prnewswire/2022/07/22/paul-thrift-selected-one-indianas-most-influential-individuals-by-indiana-business-journal/ | 2022-07-22T19:22:10Z |
Company encourages everyone to join fundraiser to provide children of military families with school supplies
BOCA RATON, Fla., June 13, 2022 /PRNewswire/ -- Freedom Mortgage, one of the largest full-service independent mortgage companies and the top VA and top Federal Housing Administration (FHA) (government-insured) lender in the U.S. in 2021, announced the start of its annual Rucksacks to Backpacks campaign to provide school supplies for the children of active-duty military, National Guard members, and Reservists. Money raised from the campaign, now in its 10th year, will enable children in grades K-8 to pick the school supplies they need at distribution events through nine USO (United Service Organizations) centers across the country.
"It is very fulfilling to support the USO and give back, especially when we see the excitement and smiles while children pick up their school supplies," said Stanley C. Middleman, president and CEO of Freedom Mortgage. "We are so proud to celebrate the 10th anniversary of the Freedom Mortgage Rucksacks to Backpacks campaign and provide necessary supplies to thousands of students from military families so they will be ready for a new school year."
Money raised from the fundraiser will benefit USO locations across the U.S., including Arizona, southern and central California, northern Florida, Indiana, Pennsylvania, New Jersey, New York, Washington, DC, Baltimore, South Carolina, and the Dallas-Fort Worth area in Texas.
Each USO will provide the most-needed back-to-school supplies from the money raised and distribute them locally this July and August to meet the needs of their military communities. Since the start of the Rucksacks to Backpacks campaign, Freedom Mortgage has donated nearly 22,000 backpacks and over 57,000 school supplies, including pens, notebooks, and folders.
"We are grateful to Freedom Mortgage for their support and partnership with the USO," said USO Northeast Region President Rebecca Parkes. "Together, we bring great joy to military kids and families across the United States as they get ready for a great start to the school year. The USO thanks the employees, customers, and leadership of Freedom Mortgage for their support of service members and their families."
Before the COVID-19 pandemic, Freedom Mortgage gathered school supplies through collection bins placed throughout the company's offices across the country. In 2020, the company switched to a virtual campaign in which employees purchased backpacks and school supplies online and shipped them directly to individual USO centers. Backpacks were then assembled and distributed at drive-through events at each location.
Last year, Freedom Mortgage only accepted monetary donations and allocated the funds to USO centers to purchase the most needed school supplies. This year, the company will continue to accept monetary donations and also offer employees in three states the option to drop off school supplies in collection bins in their offices.
Freedom Mortgage invites everyone to join in and make an online donation to the Rucksacks to Backpacks campaign (which runs until July 15) to enable USO centers to purchase the exact items that children in their communities need by visiting one.bidpal.net/fmrucksacks22/browse/donation.
Click here to see a short video highlighting this year's fundraiser and moments from the Rucksacks to Backpacks program over the years.
Team Freedom Cares provides Freedom Mortgage employees, family members, friends and customers with opportunities to support their local communities as well as veterans and those currently serving in all branches of the U.S. military and their families. For more information, visit www.teamfreedomcares.org.
The USO strengthens America's military service members by keeping them connected to family, home and country, throughout their service to the nation. At hundreds of locations worldwide, we are united in our commitment to connect our service members and their families through countless acts of caring, comfort and support. The USO is a private nonprofit organization, not a government agency. Our programs, services and entertainment tours are made possible by the American people, support of our corporate partners and the dedication of our volunteers and staff. To join us in this important mission, and to learn more about the USO, please visit USO.org or follow us on Facebook, Twitter and Instagram.
Founded in 1990 and headquartered in Boca Raton, Florida, Freedom Mortgage is a full-service independent mortgage company that provides mortgage loans through retail, wholesale, and correspondent channels. One of the nation's largest non-bank mortgage lenders/services, the company is licensed in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. Freedom Mortgage was the #1 VA and #1 FHA (government-insured) lender in the U.S. in 2021 (Inside Mortgage Finance, 2021) and one of the mortgage industry's largest philanthropic supporters of the USO of Pennsylvania and New Jersey. The company is also renowned for its vibrant work environment where all team members can thrive. In 2021, Freedom Mortgage was named one of Newsweek's Most Loved Workplaces as well as Top Workplaces USA. Additionally, the company recently joined the Inc. 5000 Honor Roll for being recognized for the seventh time as one of the fastest-growing companies across the country. Freedom Mortgage's mission is to foster homeownership for all consumers across America. For more information, please visit Freedom Mortgage.
FREEDOM MORTGAGE CORPORATION CONTACTS:
Audrey Shapiro
856-380-9073
Audrey.Shapiro@FreedomMortgage.com
Ellen Longo
609-678-0968
Ellen.Longo@FreedomMortgage.com
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SOURCE Freedom Mortgage Corporation | https://www.wibw.com/prnewswire/2022/06/13/freedom-mortgage-kicks-off-10th-anniversary-rucksacks-backpacks-campaign/ | 2022-06-13T18:51:51Z |
Monday forecast: A dry start to the week
An unsettled weather pattern to end the week
TOPEKA, Kan. (WIBW) - A quiet start to the week with plenty of sun and highs in the 60s and 70s before an unsettled weather pattern moves in to end the week as temperatures remain mild. There will be a frost/freeze tonight.
The best chances for rain and storms will be Wednesday night through Saturday morning however there remains a possibility storms could affect the weekend as well. Opted to keep the weekend dry on the 8 day for consistency purposes but know that storms could impact any outdoor plans you have on either day so keep checking back this week for updates. The good news is the severe weather threat will be low with the exception of Friday but even if t-storms move through the area that will have just as much of an impact if you are outside with lightning still a threat.
Today: Mostly Sunny. Highs in the low-mid 60s. Winds NW 5-15, gusts around 25 mph.
Tonight: FROST/FREEZE. Clear. Lows in the low-mid 30s. Winds become light to calm.
Tomorrow: Sunny. Highs in the upper 60s-low 70s. Winds S 5-10 mph. This will be the pick day of the week to get outside and enjoy with the light winds and dry conditions. Wind speeds may be a bit stronger out toward north-central KS which would lead to an elevated fire danger concern.
Wednesday will still be dry and mostly sunny with warmer temperatures in the mid-upper 70s but with gusts around 30 mph.
On and off rain and storms are expected to end the week as temperatures remain mild in the 70s. Depending how much rain sticks around will depend on if temperatures remain in the low 70s or get more in the upper 70s
Taking Action:
- A frost/freeze is likely tonight for all of northeast KS. There are some indications from the long range a few nights next week could also get in the 30s so it’s possible this isn’t the last frost/freeze to be concerned about.
- An active end to the week with on and off storms Thursday and Friday, possibly even into the weekend. You do not need to cancel any outdoor plans at this point in time but keep checking back daily for updates on specific details and how any storms may impact the day.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/04/25/monday-forecast-dry-start-week/ | 2022-04-25T10:25:16Z |
US Army developing tactical bra for female soldiers
Published: Aug. 8, 2022 at 3:48 PM EDT|Updated: 14 minutes ago
(CNN) - The U.S. Army is working on something historic – a combat-ready bra designed for female soldiers.
The “Army tactical brassiere” will be the first official uniform bra the Army has offered female soldiers in history.
It’s still in development, and the design team has talked to hundreds of female soldiers to design the proper fit, function, support and performance.
Because it’s considered tactical and not just a sportswear item, the bra has gone through a lot of testing, even including flame-resistant testing.
If it gets the thumbs up, the bra will be an official part of the soldier’s uniform.
Copyright 2022 CNN Newsource. All rights reserved. | https://www.mysuncoast.com/2022/08/08/us-army-developing-tactical-bra-female-soldiers/ | 2022-08-08T20:03:39Z |
- Revising 2022 GAAP basis earnings guidance from $2.50 to $2.65 to $2.60 to $2.75 per diluted share; initiating non-GAAP basis adjusted full-year 2022 earnings guidance of $2.74 to $2.89 which reflects the exclusion of previously disclosed deferral reductions related to 2020
- Continued strong energy delivery and customer growth, coupled with favorable power cost conditions
- Filed for amortization of 2021 Power Cost Adjustment Mechanism, 2020 Labor Day Wildfire and February 2021 Ice Storm deferrals
PORTLAND, Ore., July 28, 2022 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $64 million, or $0.72 per diluted share, for the second quarter of 2022. This compares with GAAP net income of $32 million, or $0.36 per diluted share, for the second quarter of 2021.
"The region's growth, driven by the semiconductor and digital technology sectors, relies upon safe, reliable, clean, affordable energy," said Maria Pope, PGE president and CEO. "Our progress this quarter demonstrates our ongoing commitment to advancing Oregon's clean energy goals and mitigating risk across our system to keep our customers safe, particularly during wildfire season and high heat. With the operational and financial progress we are making, PGE is positioned for long-term growth."
Total revenues were driven by higher retail energy deliveries, due to continued growth in industrial demand, including high-tech and digital customers, offset by a reduction in the average price of deliveries due to a varying customer mix. Purchased power and fuel expense decreased due to strong hydro and power market conditions in 2022, and quarter over quarter tailwinds due to challenging market conditions in the second quarter of 2021. Operating and administrative expenses increased, driven by wildfire mitigation, grid resiliency and maintenance, enhancements to customer digital technology and higher professional services and insurance costs. Other income decreased due to declines in the value of the non-qualified benefit plan trust assets.
In July, PGE submitted amortization request filings to the OPUC for the 2021 Power Cost Adjustment Mechanism, 2020 Labor Day Wildfire, and February 2021 Ice Storm, representing $132 million of outstanding major deferrals. PGE anticipates resolution of these filings by the end of 2022 and plans to file an amortization request for the COVID-19 deferral, which has a $34 million balance as of June 30, 2022, in late 2022 or early 2023.
The OPUC acknowledged PGE's submitted shortlist of bids in the pending Renewable Request for Proposals (RFP) on July 15, 2022. The RFP is intended to procure at least 375 to 500 MW of qualifying renewable energy resources, approximately 375 MW of non-emitting dispatchable capacity resources, and up to 100 MW of renewable energy resources in support of the Green Future Impact program's PGE supply option. PGE has since commenced negotiations with shortlist bidders and plans to finalize negotiations prior to the end of 2022 to allow sufficient time to capture expiring federal production tax credits for the benefit of customers.
The proposals for renewable energy resources provide various combinations of wind, solar, and battery storage options that include power purchase agreements (PPA) along with Company-owned resources. The proposals for non-emitting dispatchable capacity resources provide battery storage options and a pumped storage option that include PPAs along with Company-owned resources. The ultimate outcome of the RFP process may involve the selection of multiple projects for both renewable energy and non-emitting dispatchable capacity resources.
In late April, the OPUC approved PGE's 2022 Wildfire Mitigation Plan, the foundational document that implements the Company's Wildfire Mitigation Program for assessing and addressing wildfire risks in PGE's region. Core components of the plan include PGE's risk assessment and modeling processes, system inspection, design and construction work, wildfire-related capital and technology investment plans, vegetation management plans and practices and proactive efforts employed during high-risk events. Customer and community safety is PGE's highest priority, and this plan specifies efforts to address wildfire risks and remain in compliance with all relevant wildfire-related requirements.
As previously announced, on July 22, 2022, the board of directors of Portland General Electric Company approved a quarterly common stock dividend of $0.4525 per share. The quarterly dividend is payable on or before October 17, 2022, to shareholders of record at the close of business on September 26, 2022.
PGE is revising its estimate for full-year 2022 GAAP earnings guidance from $2.50 to $2.65 to $2.60 to $2.75 per diluted share; initiating non-GAAP basis adjusted full-year 2022 earnings guidance of $2.74 to $2.89 which reflects the exclusion of previously disclosed $17 million deferral reductions related to the year ended 2020. These are based on the following assumptions:
- An increase in energy deliveries between 2% and 2.5%, weather adjusted;
- Normal temperatures in its utility service territory;
- Average hydro conditions;
- Wind generation based on five years of historical levels or forecast studies when historical data is not available;
- Normal thermal plant operations;
- Operating and maintenance expense from between $620 million to $640 million, which includes the $17 million impact of released deferrals related to 2020;
- Depreciation and amortization expense between $420 million and $440 million;
- Effective tax rate of 15% to 20%;
- Cash from operations of $600 million to $650 million;
- Capital expenditures of $755 million; and
- Average construction work in progress balance of $270 million.
PGE will host a conference call with financial analysts and investors on Thursday, July 28, 2022, at 11 a.m. ET. The conference call will be webcast live on the PGE website at investors.portlandgeneral.com. A webcast replay will also be available on PGE's investor website "Events & Presentations" page beginning at 2 p.m. ET on July 28, 2022.
Maria Pope, President and CEO; Jim Ajello, Senior Vice President of Finance, CFO, Treasurer and CCO; and Jardon Jaramillo, Senior Director, Finance, Investor Relations, and Risk Management, will participate in the call. Management will respond to questions following formal comments.
The attached unaudited condensed consolidated statements of income and comprehensive income, condensed consolidated balance sheets and condensed consolidated statements of cash flows, as well as the supplemental operating statistics, are an integral part of this earnings release.
This press release contains certain non-GAAP measures, such as adjusted earnings, adjusted EPS and adjusted earnings guidance. These non-GAAP financial measures exclude significant items that are generally not related to our ongoing business activities, are infrequent in nature, or both. PGE believes that excluding the effects of these items provides a meaningful representation of the Company's comparative earnings per share and enables investors to evaluate the Company's ongoing operating financial performance. Management utilizes non-GAAP measures to assess the Company's current and forecasted performance, and for communications with shareholders, analysts and investors. Non-GAAP financial measures are supplementary information that should be considered in addition to, but not as a substitute for, the information prepared in accordance with GAAP.
Items in the periods presented, which PGE believes impact the comparability of comparative earnings and do not represent ongoing operating financial performance, include the following:
- Non-cash Wildfire and COVID deferral reversal charge associated with the year ended 2020, resulting from the OPUC's 2022 GRC Final Order earnings test.
PGE's reconciliation of non-GAAP earnings guidance is below.
Portland General Electric (NYSE: POR) is a fully integrated energy company based in Portland, Oregon. The company serves approximately 900,000 customers with a service area population of 2 million Oregonians in 51 cities. PGE owns 16 generation plants across Oregon and other Northwestern states and maintains and operates 14 public parks and recreation areas. For more than 130 years, PGE has powered the advancement of society, delivering safe, affordable, and reliable energy to Oregonians. PGE and its approximately 3,000 employees are working with customers to build a clean energy future. Together with its customers, PGE has the No. 1 voluntary renewable energy program in the U.S. PGE is committed to achieving at least an 80% reduction in greenhouse gas emissions from power served to customers by 2030 and 100% reduction by 2040. In 2021, PGE became the first U.S. utility to join The Climate Pledge. For the eighth year in a row PGE achieved a perfect score on the 2021 Human Rights Campaign Foundation's Corporate Equality Index, a national benchmarking survey and report on corporate policies and practices related to LGBTQ workplace equality. In 2021, PGE, employees, retirees, and the PGE Foundation donated $4.8 million and volunteered 15,760 hours with more than 300 nonprofits across Oregon. For more information visit www.PortlandGeneral.com/news.
Statements in this press release that relate to future plans, objectives, expectations, performance, events and the like may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements represent our estimates and assumptions as of the date of this report. The Company assumes no obligation to update or revise any forward-looking statement as a result of new information, future events or other factors.
Forward-looking statements include statements regarding the Company's full-year earnings guidance (including expectations regarding annual retail deliveries, average hydro conditions, wind generation, normal thermal plant operations, operating and maintenance expense and depreciation and amortization expense) as well as other statements containing words such as "anticipates," "based on," "believes," "conditioned upon," "considers," "estimates," "expects," "forecast," "goals," "intends," "needs," "plans," "promises," "seeks," "should," "subject to," "targets," and similar expressions.
Investors are cautioned that any such forward-looking statements are subject to risks and uncertainties, including, without limitation: the outcome of various legal and regulatory actions; demand for electricity; the sale of excess energy during periods of low demand or low wholesale market prices; operational risks relating to the Company's generation and battery storage facilities, including hydro conditions, wind conditions, disruption of transmission and distribution, disruption of fuel supply, and unscheduled plant outages, which may result in unanticipated operating, maintenance and repair costs, as well as replacement power costs; delays in the supply chain and increased supply costs (including application of tariffs impacting solar module imports), failure to complete capital projects on schedule or within budget, failure of counterparties to perform under agreement, or the abandonment of capital projects, which could result in the Company's inability to recover project costs, or impact our competitive position, market share, revenues and project margins in materials ways; default or nonperformance of counterparties from whom PGE purchases capacity or energy, which require the purchase of replacement power and renewable attributes at increased costs; complications arising from PGE's jointly-owned plant, including ownership changes, regulatory outcomes or operational failures; the costs of compliance with environmental laws and regulations, including those that govern emissions from thermal power plants; changes in weather, hydroelectric and energy market conditions, which could affect the availability and cost of purchased power and fuel; the development of alternative technologies; changes in capital and credit market conditions, including volatility of equity markets, reductions in demand for investment-grade commercial paper or interest rates, which could affect the access to and availability or cost of capital and result in delay or cancellation of capital projects or execution of the Company's strategic plan as currently envisioned; general economic and financial market conditions, including inflation; severe weather conditions, wildfires, and other natural phenomena and natural disasters that could result in operational disruptions, unanticipated restoration costs, or third party liability; cyber security breaches of the Company's customer information system or operating systems, data security breaches, or acts of terrorism, which could disrupt operations, require significant expenditures, or result in claims against the Company; employee workforce factors, including potential strikes, work stoppages, transitions in senior management, and the ability to recruit and retain key employees and other talent and turnover due to macroeconomic trends; PGE business activities are concentrated in one region and future performance may be affected by events and factors unique to Oregon; and widespread health emergencies or outbreaks of infectious diseases such as COVID-19, which may affect our financial position, results of operations and cash flows. As a result, actual results may differ materially from those projected in the forward-looking statements.
Risks and uncertainties to which the Company are subject are further discussed in the reports that the Company has filed with the United States Securities and Exchange Commission (SEC). These reports are available through the EDGAR system free-of-charge on the SEC's website, www.sec.gov and on the Company's website, investors.portlandgeneral.com. Investors should not rely unduly on any forward-looking statements.
POR
Source: Portland General Company
The following table indicates the number of heating degree-days for the three months ended June 30, 2022 and 2021, along with 15-year averages based on weather data provided by the National Weather Service, as measured at Portland International Airport:
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SOURCE Portland General Company | https://www.kxii.com/prnewswire/2022/07/28/portland-general-electric-announces-second-quarter-2022-results/ | 2022-07-28T09:54:53Z |
When users visit the website of firearm manufacturer Daniel Defense, a pop-up appears expressing condolences to the victims of the Uvalde, Texas, shooting that left 19 children and two adults dead.
"It is our understanding that the firearm used in the attack was manufactured by Daniel Defense," the website states. "We will cooperate with all federal, state, and local law enforcement authorities in their investigations."
Days before the shooting, the Georgia-based company tweeted a provocative image of a toddler holding an assault-style weapon with the caption: "Train up a child in the way he should go, and when he is old, he will not depart from it."
The company, founded by Marty Daniel, is now under the magnifying glass of politicians and activists looking to change gun laws so that civilians do not have easy access to military-grade weapons.
The US House of Representatives Committee on Oversight and Reform is asking Daniel Defense to provide information such as how much they spend on advertising, their gross revenue from assault-style rifle sales and other items before their June 8 hearing that will "examine the root cause of gun violence and evaluate measures to prevent further loss of life from firearms."
Daniel Defense has since deleted the toddler tweet -- which used language from Proverbs 22:6 in the Bible -- but since its founding in 2000, the company has made headlines numerous times for how it advertises its weapons to consumers.
Salvador Ramos, the man who carried out the shooting in Uvalde, was one such consumer. Investigators found one of the suspect's AR15-style rifles, manufactured by Daniel Defense, in the school, according to Texas state Sen. John Whitmire, who received a briefing from law enforcement.
CNN has reached out to Daniel Defense for comment but has not heard back.
Daniel Defense prides itself on building its own parts
Marty Daniel founded his company once he was "bitten by the shooting bug," according to a timeline of the company's history.
After graduating from Georgia Southern University with an electrical engineering degree, Daniel opened an overhead door and fireplace business. His firearm business got its start because a friend invited him to shoot his AR, the site says.
"Every shot he fired filled him with a satisfaction he'd never before experienced," the website states.
In the more than 20 years since its founding, Daniel Defense has marketed themselves as a company that prides itself on making "nearly every component part it sells," its website states.
On its "company values" page, the company said building their own parts "differentiates us from many industry players who basically assemble rather than build their products."
"We love to build great guns," Marty Daniel said in a 2019 ad.
NFL wouldn't allow Daniel Defense ad during Super Bowl
The NFL refused to allow a Daniel Defense ad during Super Bowl XLVIII in 2014 because it promoted guns. The ad focused on a man coming home to his wife and baby.
"I am responsible for their protection, and no one has the right to tell me how to defend them," the man in the ad says in a voiceover. "So I've chosen the most effective tool for the job," the ad ends with Daniel Defense's logo.
While it never aired during the Super Bowl, Marty Daniel turned the rejection into an avalanche of attention.
"The majority of the Super Bowl fans have the same values that we have at Daniel Defense and that is we believe in protecting our families," Daniel told Fox News at the time.
Gun control activists argue the company is targeting younger customers with nods to pop culture icons and video games. At the same time, Daniel seems to aim and focus his comments at older Americans and gun control.
"The anti-Second Amendment crowd just looks for any excuse to ban guns in any way they can," Daniel told OutdoorHub in 2016.
But the company has shied away from the limelight in the wake of the Uvalde shooting.
Daniel Defense did not attend the National Rifle Association convention last week. It was the gun lobby's first annual meeting in three years because of the Covid-19 pandemic.
"Daniel Defense is not attending the NRA meeting due to the horrifying tragedy in Uvalde, Texas, where one of our products was criminally misused," said Steve Reed, the company's vice president of marketing, in a statement. "We believe this week is not the appropriate time to be promoting our products in Texas at the NRA meeting."
The company's display was replaced by a popcorn cart and a baked potato stand.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/news/the-maker-of-a-gun-used-in-the-texas-shooting-has-a-history-of-controversial/article_488881cc-09b8-54ed-a539-4b00908b30cd.html | 2022-05-31T04:21:26Z |
‘Very, very unlikely’ Fed can tame inflation without sparking recession, former NY Fed chief says
By Matt Egan, CNN Business
The Federal Reserve helped rescue the economy from the worst pandemic in a century. That task may prove easy compared with the Fed’s next mission: crush inflation, without causing a recession.
Achieving a so-called “soft landing” will be challenging because the jobs market is on fire. It’s so hot that the unemployment rate may need to rise to get inflation under control.
“The chances of pulling this off are very, very low because they have to push up the unemployment rate,” Bill Dudley, the former president of the New York Federal Reserve Bank, told CNN.
History is not on the Fed’s side.
“In the past, when you’ve pushed up the unemployment rate, you’ve almost never been able to avoid a full-fledged recession,” Dudley said. “The problem the Fed faces is they’re just late.”
Technically, the Fed has the ability to catch up to inflation — by raising interest rates rapidly.
The US central bank is widely expected to announce on Wednesday its first interest rate hike of half a percentage point since 2000. Markets are bracing for a series of large rate hikes to cool off the worst inflation in 40 years.
In theory, the US central bank can raise interest rates as high as needed to put the inflation fire out. But the more the Fed does that, the greater the risk of a miscalculation that prematurely ends the recovery.
“That’s why soft landings are so difficult to pull off,” said Dudley, who led the New York Fed from 2009 until mid-2018. “By the time you know you’ve overdone it, the next thing you know, you’re already in a recession.”
‘Very difficult assignment’
Current Fed officials and some economists express cautious optimism about avoiding a feared hard landing for the economy. Fed Chairman Jerome Powell has pointed to soft landings that occurred in 1965, 1984 and 1994.
“I believe that the historical record provides some grounds for optimism: Soft, or at least soft-ish, landings have been relatively common,” Powell said in a March speech.
However, Dudley notes that in those examples, the unemployment rate didn’t actually increase.
Today, the unemployment rate stands at just 3.6%, well within the range the Fed considers full employment. And the jobless rate is likely to keep dipping, perhaps hitting levels unseen since the early 1950s.
“The Federal Reserve has to slow the economy down and generate some slack in the labor market,” Dudley said. “That’s a very difficult assignment to pull off.”
The former Fed official says history shows that when the unemployment rate starts to rise, it typically “provokes a full-blown recession.”
That may be for psychological reasons. “People, once they start to see the job market is deteriorating, they start to get worried about their own job prospects. You pull back on consumption and spending,” Dudley said.
Low recession risks for now?
The good news is that a recession does not appear imminent. And Goldman Sachs, Dudley’s former employer, has been telling clients that a recession is not inevitable.
Still, worries about the economy were reinforced by last week’s gross domestic product report, which showed the US economy unexpectedly contracted during the first quarter.
Many economists say the surprise GDP report reflects temporary factors that overshadowed strong consumer and business spending.
Dudley said GDP went negative because of “some crazy stuff” related to inventories and trade, adding that the underlying demand in the economy is “strong.”
“There is very little chance of recession in the next year,” Dudley said.
Higher than 50% chance of recession in 2023 and 2024
The concern is how the US economy in 2023 and 2024 withstands a series of interest rate hikes that will jack up the cost of mortgages, car loans, credit cards and business loans.
Once the Fed brings interest rates above the neutral level, it will effectively be slamming the brakes on the economy. That’s when the risk of a recession “goes up a lot,” Dudley said, adding that the chance of a recession in 2023 and 2024 is “definitely higher than 50%.”
Of course, the Fed could decide to stop raising interest rates if it fears setting off a downturn.
In some ways that’s what happened in 2019, when the Powell-led Fed halted rate hikes amid slowdown fears. No one knows how that would have turned out because Covid-19 hit in early 2020, forcing the Fed to dramatically slash interest rates.
“The Fed could try to procrastinate,” Dudley said. “But if they do that, inflation will likely come back and then they’ll have to slam on the brakes even harder. Procrastination doesn’t really lead to a good outcome. That just leads to a harder landing down the road.”
‘Policy mistake’
Recession fears today — just two years into this economic recovery — underscore the difficult position in which the Fed finds itself.
Last spring and summer, the Fed shrugged high inflation off as “transitory,” a phrase it has since abandoned. The central bank opted to keep its emergency policies in place, hoping inflation would cool off.
Inflation has proven to be more persistent and broad-based than economists and investors anticipated, in part because of surprises including additional Covid-19 supply disruptions and now the war in Ukraine.
At the same time, the jobs market raced back to full employment faster than expected. Powell conceded in March that, with the benefit of hindsight, “obviously” it would have been appropriate for the Fed to have moved into inflation-fighting mode earlier.
Although Dudley says the Fed deserves “credit” for its “powerful and very fast” response to the pandemic in early 2020, he suggests it also deserves blame for its inflation response.
“They were very, very late in removing monetary policy accommodation,” Dudley said. “That’s going to turn out, in retrospect, to be a bit of a policy mistake.”
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/2022/05/03/very-very-unlikely-fed-can-tame-inflation-without-sparking-recession-former-ny-fed-chief-says/ | 2022-05-03T13:12:08Z |
Cyclones’ Otzelberger promotes Schmidt to assistant coach
AMES, Iowa (AP) — Iowa State men’s basketball coach T.J. Otzelberger has promoted Nate Schmidt from recruiting and player development coordinator to assistant coach. He takes the spot of Daniyal Robinson, who was hired as head coach at Cleveland State. Schmidt had been a graduate assistant and player development coordinator at Iowa State from 2014-17. He returned to the Cyclones with Otzelberger last year. Schmidt worked on Otzelberger’s staff at UNLV. Otzelberger also announced that former Northern Iowa assistant coach Erik Crawford has been named the director of player development and graduate assistant Mo Ba has been promoted to assistant director of player development. | https://localnews8.com/sports/ap-national-sports/2022/04/27/cyclones-otzelberger-promotes-schmidt-to-assistant-coach/ | 2022-04-27T19:01:11Z |
LOS ANGELES, July 21, 2022 /PRNewswire/ -- Jenny's Rose, an innovation and mission driven cannabinoid technology company with unique products backed by 4 USPTO patents, is pleased to become a supporting member of LEAF411, a non-profit live nurse hotline and community education organization. LEAF411 offers businesses the opportunity to provide no cost, live access to cannabis trained healthcare professionals and licensed nurses that provide customers guidance on safe use for both cannabis and hemp products.
"With the endless possibilities that the cannabis plant offers, having trained nurses available to safely coach customers on cannabis use, for no cost, helps to provide more acts of kindness on the Jenny's Rose mission to unlock the full potential of the plant and heal modern society. Our company is mindfully taking strides to compassionately care for our customers in the best and most innovative ways possible." Mentions Jimmy Castillo, Founder and Chief Science Officer of Jenny's Rose.
"Now more than ever, we need as many trustworthy resources for quality products as possible.," said Katherine Golden, a Registered Nurse and Executive Director of Leaf411. "Jenny's Rose is a brand that is focused on providing a superior product line with a unique patented extraction method and is dedicated to stellar customer service. We are thrilled to have them on board as a pledge member and look forward to sharing their brand with consumers across the country"
Nurse consultations are currently offered by LEAF411 to the general public through web-based scheduling via leaf411.org or a caller based hotline 844-LEAF411 (844-532-3411). Through membership, Jenny's Rose customers and recipients will be provided a unique code to access LEAF411 healthcare professional and licensed nurses entirely free. LEAF411 also provides additional educational resources on medicinal cannabis, leading cannabinoid research study library, and overall greater access to affordable healthcare information.
This comes after Jenny's Rose recent integration into direct to consumer offering with statewide cannabis delivery in California for Jenny's Rose formulated products. Jenny's Rose patent protected formulation and extraction methods are an accomplished set of successful applications on unique methods to capture full plant molecules including novel fraction "remainder" technology. What started with namesake Jennifer Rose Castillo, is continuing to evolve and scale into a compassionate and inspiring movement.
Jenny's Rose operates as an IP development & technology company patenting inventions for unique extraction and formulation methods relating to hemp and cannabis plants. Coming to light in these tragic times, Jenny's Rose has a mission to unlock the full potential of the plant and heal modern society. See more at jennysrose.com.
LEAF411 is the first cannabis-trained nurse guidance service. A 501(c)(3) nonprofit organization, LEAF411 was founded in 2019 with a mission to provide education and directional support to the general public about the safe and effective use of legal cannabis (marijuana and hemp). Leaf411's team of cannabis-trained nurses are passionate about helping the community access balanced education about their cannabis use while also improving public perception of the cannabis industry. For more information visit leaf411.org or join the conversation on Facebook, Instagram and Twitter.
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SOURCE Jenny’s Rose | https://www.mysuncoast.com/prnewswire/2022/07/21/jennys-rose-connects-with-leaf411-member-network-offer-cannabis-customers-no-cost-live-nurse-consultations-safe-consumption/ | 2022-07-21T14:16:41Z |
Can Wall Street and labor unions learn to get along?
By Nicole Goodkind, CNN Business
Wall Street and private businesses have funneled millions of dollars into anti-union tactics and lobbying, and they’ve gotten what they wanted: Union membership has been on a steady decline in the United States for the past four decades.
Now, employees are stepping up their efforts to unionize, most prominently at Amazon and Starbucks. And a tightening labor market has emphasized the importance of low attrition rates and high employee satisfaction. That has left some institutional investors questioning whether unions are as bad for shareholders as corporate executives claim they are.
“Since the 1980s, management’s perspective was that unions are the devil,” said Harry Katz, professor of collective bargaining at Cornell University’s School of Industrial & Labor Relations. “There is a belief that management has private property rights to control what occurs in the workplace, and that unions are an outside third party. This adversarial ideology is deeply rooted in the ideology of management.”
A recent Economic Policy Institute analysis found that private-sector employers spend nearly $340 million per year hiring advisers to prevent employees from organizing.
These efforts have paid off for corporations. In 1983, about 20% of employees belonged to a union; by 2021 that number had dropped to just over 10%, according to data from the United States Bureau of Labor Statistics. The low rates of unionization come at a time when 68% of Americans approve of labor unions, the highest level since 1965, according to Gallup.
Forward-thinking investors have long considered the E, for environment, in ESG when evaluating a company’s future viability. Now, they’re looking closely at the S, for social, when deciding where to put their money.
In his annual letter to investors, BlackRock CEO Larry Fink wrote that “workers demanding more from their employers is an essential feature of effective capitalism. It drives prosperity and creates a more competitive landscape for talent, pushing companies to create better, more innovative environments for their employees — actions that will help them achieve greater profits for their shareholders.”
Managing people effectively has become increasingly important, said Jonas Kron, chief advocacy officer at Trillium Asset Management. To do that, companies need to listen. “Workers need to have a voice and, and I think that’s a big part of where the recent focus on worker organizing has come from,” he said.
Trillium is leading a coalition of more than 75 investors representing at least $1.2 billion in Starbucks stock. They want the company to adopt a global policy of neutrality toward attempts by its workers to organize, and to work with employees who vote to unionize to reach “fair and timely” contracts.
In 2021, another group of investors that held more than $20 billion in Amazon shares urged the company to let investors work to organize “without fear of reprisal, intimidation, or harassment.”
The Amazon Labor Union has said it wants to raise wages to a minimum of $29 an hour, up from an average hourly starting pay of $18. That change could increase the company’s operating expenses this year by $203 million, according to Morgan Stanley, or just about 0.05% of the total in 2021.
Wall Street isn’t suddenly “waking up and putting union stickers all over themselves,” said Kron. They’re recognizing that in the United States, the landscape is tilted heavily in favor of management and that the playing field is not even.
Reputation is one of Starbucks’ greatest assets, said Kron. Gaining an anti-union reputation poses a financial risk to investors.
Starbucks and Amazon face high turnover, said Katz, and when unions and companies work well together, “organizational performance can lead to outcomes that may well involve higher benefits, costs and wage costs, but could well provide compensating advantages to the organization.”
Most studies of the effect of unions on stock prices show there’s little reason for investors to worry. There may be a drop in the first 15 months after unionization as wages rise, but the process ultimately decreases risks. That’s because companies that unionize tend to spend more on their employees and less on riskier ventures. They are also tend to be more transparent about their investments.
Employees at 54 Starbucks stores in 19 states are pursuing union elections, according to organizers, and earlier this month more than 8,300 workers at the only Amazon fulfillment center in New York City voted to unionize.
“We don’t believe a union is necessary at Starbucks,” said Reggie Borges, director of corporate communications at Starbucks. “Having a third party gets in the way and slows the process of investing in our people.”
“I think they’re smarter than that,” said Cornell’s Katz. “These companies pretend their own employees are outsiders and invaders. [CEO Howard Shultz] needs to wake up and spend more time trying to forge a positive relationship with his workers.”
A quarter-billion more people face extreme poverty
A new report from Oxfam includes some sobering realities about deepening inequality around the world.
Key among them: Rising prices, inequality and the war in Ukraine are expected to push 263 million more people into extreme poverty, defined as living on less than $1.90 a day, by the end of this year.
That’s roughly equivalent to the combined populations of the UK, Germany, France and Spain.
“Without immediate radical action, we could be witnessing the most profound collapse of humanity into extreme poverty and suffering in memory,” said Gabriela Bucher, Oxfam International’s executive director.
The Oxfam report doesn’t mince words about the lack of momentum to solve the problem among wealthy nations.
Since the start of the pandemic, the world’s billionaires have added $5 trillion to their fortunes, Oxfam said earlier this year.
The world’s richest 10 men— including Tesla CEO Elon Musk and Amazon founder Jeff Bezos — saw their collective wealth more than double, shooting up by $1.3 billion a day. Much of that wealth comes from their stock holdings, which ballooned thanks to unprecedented support from the Federal Reserve in the form of rock-bottom interest rates and a massive corporate bond-buying program.
“We reject any notion that governments do not have the money or means to lift all people out of poverty and hunger and ensure their health and welfare,” Bucher said. “We only see the absence of economic imagination and political will to actually do so.
Companies step up support for abortion access
As state governments advance increasingly restrictive abortion legislation, a handful of companies are taking action to support their employees in those states.
On Tuesday, the same day Oklahoma’s governor signed a near-total abortion ban, Yelp said it would cover travel expenses for any of its employees or their dependents who are forced to seek abortion care out of state.
“We’ve long been a strong advocate for equality in the workplace, and believe that gender equality cannot be achieved if women’s health care rights are restricted,” said Miriam Warren, Yelp’s chief diversity officer.
The move follows similar actions by Citigroup, Match, Bumble, Lyft and Uber.
Dallas-based Match Group, which owns Tinder and Hinge among other dating apps, and Austin-based Bumble both set up funds to help ensure access to abortion care after Texas’ law went into effect last fall.
Lyft and Uber both said in September they would create legal defense funds to protect any drivers who might be sued under the Texas law for driving a person who receives an abortion. (A highly unusual statute empowers private citizens to enforce the restrictions by suing anyone who assists with an abortion, including doctors, nurses or rideshare drivers.)
Corporate America is increasingly being drawn from the political sidelines in response to demands from investors, customers and employees. When Moscow sparked international outrage by invading Ukraine, dozens of companies swiftly abandoned or scaled back their operations in Russia.
Executives are also learning how difficult it can be to craft a political message without angering one side or another. Take Disney CEO Bob Chapek, who last month initially failed to condemn Florida’s so-called Don’t Say Gay bill, only to backtrack and take a stronger stance against the legislation when the company’s staff and fans pushed back.
As multiple anti-abortion measures wind their way through Republican-led state governments, we may see more companies take public stances to support people who are losing access to reproductive care. At the same time, the deep political divide around abortion may keep companies muzzled.
When CNN asked the Business Roundtable, a giant lobby group representing more than 180 CEOs, what it makes of the anti-abortion measures in Oklahoma and beyond, a representative said simply that the group “does not have a position on this issue.”
Up next
A US producer prices report is expected to show inflation continued to surge in March.
Coming tomorrow: ECB interest rate decision; US weekly jobless claims; US retail sales; US consumer sentiment; and earnings from Taiwan Semiconductor, Ericsson, Citigroup, Wells Fargo, Morgan Stanley and Goldman Sachs.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/money/cnn-business-consumer/2022/04/13/can-wall-street-and-labor-unions-learn-to-get-along/ | 2022-04-13T14:59:33Z |
LAS VEGAS (AP) — Vegas Golden Knights goalie Robin Lehner will require hip surgery and is expected to miss the upcoming season, the team said Thursday.
The 31-year-old Lehner, who will likely spend the entire 2022-23 season on long-term injured reserve, has three years remaining on a contract that carries a $5 million annual cap hit. The team said no timeline for his recovery has been determined yet.
He also also underwent shoulder surgery during the offseason.
Lehner started 44 games for the Golden Knights last season and finished 23-17-2. He has a 152–141–49 record and .917 save percentage over his NHL career. He won the William M. Jennings Trophy twice — in 2019 with the New York Islanders and in 2021 with the Golden Knights.
During the Golden Knights’ late-season run that left them out of the playoff picture for the first time since entering the league in 2017, Lehner disputed reports of both upper- and lower-body injuries during postgame media sessions.
In what turned out to be his final appearance last season on April 20, Lehner was pulled in favor of rookie Logan Thompson between the first and second periods of a 4-3 overtime victory over the Washington Capitals. It was a move then-coach Peter DeBoer said was made to spark the team and create a different vibe.
But with Vegas’ playoff hopes hanging in the balance, reports surfaced April 22 that Lehner agreed to season-ending surgery due to an undisclosed lower-body injury suffered March 8 in Philadelphia.
After missing three consecutive practices leading up to a must-win game against the San Jose Sharks on April 24, Lehner served as a backup to Thompson in the game.
Less than two weeks before he was fired, DeBoer expressed regret about how he previously described Lehner’s situation, saying he felt the 12-year veteran looked uncomfortable in net during a road trip in Canada.
With backup Laurent Brossoit’s status also uncertain after undergoing hip surgery during the offseason, the Golden Knights are left with a potential goalie tandem of Thompson and journeyman Michael Hutchinson to start the season.
Thompson, the AHL Goalie of the Year in 2019, went 10-5-3 with a .914 save percentage in 19 appearances with Vegas last season.
Hutchinson, who has had stops in Winnipeg, Florida, Colorado and Toronto, has career marks of 55-55-15 with a 2.79 GAA and .905 save percentage in 137 appearances.
___
More AP NHL: https://apnews.com/hub/NHL and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/vegas-goalie-robin-lehner-to-miss-upcoming-season/ | 2022-08-12T03:29:37Z |
Amber Alert canceled; Arkansas teen found safe
HOT SPRINGS, Ark. (KAIT/Gray News) - Arkansas State Police have inactivated an Amber Alert for a missing teen believed to have been kidnapped.
According to Hot Springs Police Officer Omar Cervants, 17-year-old Trynytee Case of Hot Springs was found safe Tuesday afternoon, KAIT reported.
She was alone, but he did not say where she was found.
Police said they were interviewing her Tuesday afternoon.
This Amber Alert began when Case left work at approximately 9:15 p.m. Monday.
According to Tuesday’s news release, she and a coworker were walking to their vehicles parked a block away when an unknown white female asked if she could use Case’s phone.
The woman claimed she was “lost and her parents were staying in a condo in Hot Springs.”
The woman then said she needed to use the GPS coordinates and asked Case to move closer to her car.
While this was going on, ASP said Case’s friend went to get her car parked at a nearby parking garage.
When the friend returned, Case was nowhere to be found.
After several unsuccessful attempts to contact Case by phone, ASP said her mother finally got through to her.
According to the news release, Case told her mother “everything is fine,” when a man got on the phone and demanded “$10,000 dollars for her return or they would kill and cut up the victim.”
The phone line then went dead and no one has heard from Case since.
Police pinged her cellphone which was last reported headed south on U.S. Highway 7, south of Hot Springs.
According to an updated report from ASP, police are searching for a white Nissan Versa with Tennessee license plate number 59B-D82.
Anyone with additional information can contact Sgt. Scott Lampinen with the Hot Springs Police Department at 501-651-7711.
Copyright 2022 KAIT via Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/04/19/amber-alert-issued-missing-arkansas-teen-believed-be-kidnapped/ | 2022-04-21T07:49:25Z |
Financial release accessible online
BOSTON, Aug. 10, 2022 /PRNewswire/ -- Haemonetics Corporation (NYSE: HAE) announced that financial results for its first quarter fiscal 2023, which ended July 2, 2022, are available on its Investor Relations website.
The Company will host a conference call and webcast with investors and analysts to discuss and answer questions about the results at 8:00 a.m. EDT on August 10, 2022. The conference call and webcast can be accessed with the following information:
- Teleconference link: https://register.vevent.com/register/BI722ba0e696e749e6b514af4c2a3d3cc1
- Once registration is completed, participants will receive a dial-in number along with a personalized PIN to access the call. While not required, it is recommended that participants join 10 minutes prior to the event start.
- A live webcast of the call can be accessed on Haemonetics' investor relations website or via the following link: https://edge.media-server.com/mmc/p/dc896g7s
In addition, the Company has posted to its Investor Relations website the earnings release and analytical tables and supplemental information that will be referenced on its conference call and webcast, direct links to which are available below.
Direct link to 1Q FY23 Earnings Release:
https://haemonetics.gcs-web.com/static-files/28d85dc8-1d09-4355-937b-0cc17f6d51a5
Direct link to 1Q FY23 Analytical Tables and Supplemental Information:
https://haemonetics.gcs-web.com/static-files/4abb751e-3eb6-41a8-a06b-b3c48ba9d5c9
A replay of the conference call and webcast will be available for one year beginning on August 10, 2022, at 11:00 a.m. EDT using the conference call webcast link provided in this press release.
ABOUT HAEMONETICS
Haemonetics (NYSE: HAE) is a global healthcare company dedicated to providing a suite of innovative medical products and solutions for customers, to help them improve patient care and reduce the cost of healthcare. Our technology addresses important medical markets: blood and plasma component collection, the surgical suite and hospital transfusion services. To learn more about Haemonetics, visit www.haemonetics.com.
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SOURCE Haemonetics Corporation | https://www.kxii.com/prnewswire/2022/08/10/haemonetics-1st-quarter-fiscal-year-2023-earnings-release-available-investor-relations-website/ | 2022-08-10T10:16:51Z |
Work on Ringing Boulevard ‘complete street’ concept to begin next week
SARASOTA, Fla. (WWSB) - Work is set to begin next week on improvements to Ringling Boulevard in downtown Sarasota that will transform it into a “complete street,” making the street safer for bicyclists, pedestrians and drivers.
The Ringling Trail project will add protected bicycle lanes along Ringling between Pineapple and Lime avenues. It will improve connectivity from The Legacy Trail to the downtown core, the City of Sarasota said in a news release.
Other improvements include more landscaping and the adjustment of traffic signals to improve the flow of vehicles.
At least one lane of traffic is expected to be maintained throughout the duration of construction. The project is expected to be complete in early 2023.
A “complete street” is a design that promotes safe travel, whether walking, biking, riding public transit or driving a vehicle. Each complete street can include different features such as enhanced sidewalks, street lighting, benches, landscaping, public art and more.
The “complete street” concept will be applied in the near future to Boulevard of the Arts, and a portion of 10th Street.
You can check out the draft concepts for these complete streets at two upcoming open houses, to be held Monday, May 23, at the SRQ Media Studio in the City Hall Annex, 1565 First St.
- 3-4:30 p.m.: Boulevard of the Arts – west of U.S. 41
- 5:30 p.m.: Boulevard of the Arts and 10th Street – east of U.S. 41
The designs have incorporated the feedback the City of Sarasota received from more than 1,000 respondents to a community survey about the project conducted this past winter.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/05/19/work-ringing-boulevard-complete-street-concept-begin-next-week/ | 2022-05-19T15:30:25Z |
WASHINGTON (AP) — President Joe Biden doesn’t want to just seize the yachts, luxury homes and other assets of Russian oligarchs, he wants to sell off the pricey goods and use the money to help rebuild Ukraine.
He’s asking Congress to streamline the process to allow that to happen.
In the latest attempt to pressure Russia to end its war and to pay for the enormous costs of defending Ukraine, the Biden administration on Thursday called on Congress to enhance U.S. authority to liquidate assets seized from Russian elites — the “bad guys,” as Biden called them.
A look at what’s afoot:
WHAT’S ALREADY BEING DONE?
The House on Wednesday passed the Asset Seizure for Ukraine Reconstruction Act, with only four lawmakers voting against the measure. The bill, which now goes to the Senate, would allow the president to confiscate and liquidate property owned by sanctioned individuals. The money could only be used for specific purposes.
The package that Biden sent to Congress goes further to create a new criminal offense, making it unlawful for anyone to knowingly own proceeds directly obtained from corrupt dealings with the Russian government. Additionally, property used to facilitate sanctions violations would also be eligible for seizure.
The White House says the new tools make sanctions more difficult to evade and the administration said it wants to use the money “to remediate harms of Russian aggression toward Ukraine.”
WHY DOES THE GOVERNMENT NEED LEGISLATION?
Under current federal law, only the Justice Department has the authority to determine how seized funds can be spent. And there are strict rules on who can benefit from seized proceeds. The Biden administration wants to make it easier for officials to decide how to use the proceeds of the blocked and seized property.
The White House proposal also wants to make forfeiture decisions reviewable in federal court on an expedited basis.
Ryan Fayhee, a former Justice Department prosecutor who now works in private practice on sanctions cases, said that because of the nature of the U.S. sanctions program, “we could see a lot of lawsuits as there’s a process one could take to challenge the forfeiture itself and they absolutely will,” anticipating sanctioned oligarchs’ future litigation.
HOW MUCH HAS ALREADY BEEN SEIZED?
The White House says the Treasury Department has sanctioned and blocked vessels and aircraft worth over $1 billion, and has frozen bank accounts containing hundreds of millions of dollars of assets belonging to Russian elites. During a House committee hearing Thursday, the Treasury Department’s Financial Crimes Enforcement Network’s acting director, Himamauli Das, said the agency has received 2,000 suspicious activity reports connected to Russian oligarchs. Of those, 271 were forwarded to intelligence and law enforcement and Treasury’s sanctions arm.
HOW CAN THE MONEY FROM SEIZED ASSETS BE USED?
Among other proposals, the administration’s package extends the statute of limitations of money laundering investigations based on foreign crimes from five years to 10 years, adds sanctions evasion to the definition of “racketeering activity” in the Racketeer Influenced and Corrupt Organizations Act and would enhance the government’s powers to work with other countries to recover assets linked to foreign corruption.
The House-passed Asset Seizure proposal is more limited than the president’s proposal, where confiscated funds could only be used for specific purposes, including post-conflict reconstruction of Ukraine, support for Ukrainian refugees, weapons for Ukraine’s military and humanitarian support for the Russian people.
Additionally, the administration could only seize assets, within two years of the bill’s enactment, if Russia remains engaged in its invasion of Ukraine, the president has imposed sanctions on the owner of the assets due to the ongoing conflict and the assets are worth more than $5 million.
Attorneys have said the process of actually liquidating and using the funds could take years.
WHAT ABOUT RUSSIAN CENTRAL BANK ASSETS?
The package that Biden sent to Congress does not address Russian Central Bank assets.
However Russia’s more than $600 billion foreign reserve fund has been frozen by the U.S. and its allies.
Treasury Secretary Janet Yellen said last week that the prospect of using frozen Russian Central Bank funds to support Ukraine should be considered but “I wouldn’t want to do so lightly,” adding that it would have to be done in consensus with U.S. allies and partners.
In a virtual address to International Monetary Fund and World Bank leaders last week, Ukrainian President Volodymyr Zelenskyy said the proceeds of sanctioned property and Central Bank reserves should be used to compensate Ukraine for its losses.
HOW WOULD THE NEW LAW ON PROCEEDS FROM CORRUPT DEALINGS WORK?
The Justice Department and Treasury are already targeting the assets of Russian oligarchs who they say have evaded sanctions, including a 254-foot yacht that was in Spain and owned by an oligarch with close ties to Russian President Vladimir Putin.
Attorney General Merrick Garland said Thursday that the Justice Department’s task force focusing on Russian oligarchs — known as KleptoCapture — anticipates taking on “at least 30 complex investigations over time.”
In order for the Justice Department to seize a yacht, prosecutors must first spell out their case and obtain a seizure warrant from a federal judge. The U.S. government would then need to pay to maintain, transport and dock the mega yachts until they can be sold off at auction.
The funds from the sale flow into the Justice Department’s asset forfeiture fund.
The government wants to use some of the forfeiture funds to support Ukraine, though the law doesn’t currently easily allow for that to happen, Garland said at a House subcommittee hearing on Thursday. | https://cw33.com/news/politics/ap-politics/explainer-why-us-needs-a-law-to-sell-off-oligarchs-assets/ | 2022-04-29T07:08:03Z |
(The Hill) — A West Virginia man on Thursday was sentenced to 37 months in federal prison after making threats to White House chief medical adviser Anthony Fauci and others.
Thomas Patrick Connally Jr. will spend three years in prison followed by three more years of supervised release for his threats against Fauci, former National Institutes of Health (NIH) Director Francis Collins, Department of Health and Human Services Assistant Secretary for Health Rachel Levine, a Massachusetts public health official and a religious leader.
U.S. District Judge Paula Xinis sentenced Connally after he pleaded guilty to using an anonymous email to make gruesome threats against Fauci and others in late 2020 through mid-2021.
One email to Fauci said that he and his family would be “dragged into the street, beaten to death, and set on fire.”
Connally also threatened to attack and kill Collins and his family if he continued to promote mandatory vaccinations for COVID-19.
“Connally admitted that he sent the threats to Drs. Fauci and Collins with the intent to intimidate or interfere with the performance of their official duties and with the intent to retaliate against Dr. Fauci and Dr. Collins for performing their official duties, including discussing COVID-19 and its testing and prevention,” wrote to the Justice Department.
Connally threatened the three remaining figures with physical violence and death as well.
“Everyone has the right to disagree, but you do not have the right to threaten a federal official’s life,” said U.S. Attorney for the District of Maryland Erek L. Barron. “Threats like these will be prosecuted to the fullest extent of the law.”
Deputy Inspector General for Investigations Christian J. Schrank added: “The public, including public servants, deserve the utmost safety and the assurance that they can perform their duties without interference.” | https://cw33.com/news/nexstar-media-wire/west-virginia-man-gets-3-year-sentence-for-threats-to-fauci-other-officials/ | 2022-08-05T16:10:10Z |
WELLINGTON, New Zealand (AP) — New Zealand’s government said Thursday it will hand out an extra few hundred dollars to more than 2 million lower-income adults to help them navigate what it describes as “the peak of the global inflation storm.”
The payments are part of a package of new measures announced in the government’s annual budget. Other plans include increasing health spending by a record amount, putting more money into reducing greenhouse gas emissions and boosting defense spending.
A report by Treasury painted a rosy picture of the nation’s economy through next year but warned growth would slow markedly from 2024 due to rising interest rates, a reduction in the government’s pandemic spending, and supply issues made worse by Russia’s invasion of Ukraine.
A Treasury report forecast unemployment would hit a low of 3.1% this year before rising to 4.7% by 2026. It predicted inflation would fall from its current 30-year high of 6.9% to 2.2% over the next four years.
The inflation payments of 350 New Zealand dollars ($220) over three months begin in August and are targeted at the half of all adults who earn less than 70,000 New Zealand dollars ($44,000) per year. The government also decided to extend some other temporary measures aimed at combatting spiraling living costs, including a cut to gas taxes and half-price public transportation fares.
“Our economy has come through the COVID-19 shock better than almost anywhere else in the world,” said Prime Minister Jacinda Ardern in a statement. “But as the pandemic subsides, other challenges both long-term and more immediate have come to the fore.”
Ardern has been isolating at her Wellington residence this week after catching the virus. Her office said she’d experienced moderate symptoms and was improving, and at this point still planned to travel to the U.S. next week for a trade trip and to give the commencement speech at Harvard University.
The record 1.8 billion New Zealand dollar ($1.1 billion) boost to health spending next year comes as New Zealand overhauls its publicly funded system by getting rid of a patchwork of 20 district health authorities in favor of a single system. The extra money will help pay off the debts of the district authorities, rebuild three hospitals and boost medicine spending.
“This is going to make a massive difference to every New Zealander, in terms of the health care that they get,” said Finance Minister Grant Robertson.
Treasury predicted the government’s books would return to the black by 2025 after it borrowed heavily during the pandemic. New Zealand’s net government debt is forecast to remain much lower than in most developed nations, peaking at 20% of GDP in 2024 before dropping to 15% two years later.
Earlier this week, the government announced a new initiative to help pay for lower-income families to scrap their old gas guzzlers and replace them with cleaner hybrid or electric cars as part of a sweeping plan to reduce greenhouse gas emissions.
The budget plan also included a boost of 660 million New Zealand dollars to defense spending over four years to cover the cost of depreciating assets.
Conservative opposition leader Christopher Luxon said the governing liberal Labour Party had an addiction to spending and the budget plans would put the economy into reverse, with New Zealanders experiencing the worst cost-of-living crisis in a generation.
The budget plan was expected to be quickly approved by lawmakers since the Labour Party holds a majority of seats in the Parliament. | https://cw33.com/news/international/ap-international/new-zealand-hands-out-extra-cash-to-fight-inflation-storm/ | 2022-05-19T08:46:59Z |
Woman injured Sunday when SUV hit by tire that came off truck on Ottawa County highway
MINNEAPOLIS, Kan. (WIBW) - A woman was taken to the hospital late Sunday after the sport utility vehicle she was riding in was struck by a tire that came off a pickup truck that was traveling on an Ottawa County highway, authorities said.
The crash was reported at 10:06 p.m. Sunday on US-81 highway, about five miles south of Minneapolis.
According to the Kansas Highway Patrol, a 2009 Dodge Ram pickup truck was traveling north on US-81 when it lost its right-rear tire.
The patrol said the tire then crossed the northbound passing lane and the median before it crossed the southbound passing lane, striking a 2021 Chevrolet Blazer in the southbound driving lane.
A passenger in the Blazer, Charlotte M. Wagner, 64, of Hutchinson, was transported to Salina Regional Hospital with serious injuries, the patrol said.
The driver of the Blazer, Larry B. Wagner, 70, of Hutchinson, was reported uninjured.
Both occupants of the Blazer were reported uninjured, the patrol said.
The driver of the Dodge pickup truck, Brian L. Bogard, 33, of Henryetta, Okla., was reported uninjured. The patrol said Bogard was wearing his seat belt.
Copyright 2022 WIBW. All rights reserved. | https://www.wibw.com/2022/05/09/woman-injured-sunday-when-suv-hit-by-tire-that-came-off-truck-ottawa-county-highway/ | 2022-05-09T15:41:11Z |
Millions of students and educators worldwide can now access Kahoot! easily through the Google Classroom add-on.
OSLO, Norway, Aug. 1, 2022 /PRNewswire/ -- Kahoot!, the global learning and engagement platform company, today announced that it has launched the Kahoot! add-on for Google Classroom, making it possible for educators and learners around the world to discover, create, assign and host interactive learning sessions without ever leaving Google Classroom. As a Google Classroom add-ons early access partner, Kahoot! is one of the first digital learning platforms to be available as a Google Classroom add-on.
As shared on the Google for Education blog, "Add-ons provide a better end-to-end experience to not only save time for educators, but also simplify the digital classroom experience for students, too."
"Both Kahoot! and Google Classroom are used by millions of educators and students worldwide to support and enrich learning," said Melissa Mills, Product Director at Kahoot!. "With Kahoot! now offering a Google Classroom add-on, teachers and learners can access, explore and share engaging Kahoot! content directly from Google Classroom, boosting engagement at school and supporting students' independent learning at home."
Administrators can set up the Kahoot! add-on for schools across their district from the Google Workspace Marketplace in just a few clicks. Once enabled, educators and students can access Kahoot! on any device within Google Classroom, without needing to navigate to an external website or use an additional login. Classroom add-ons are available for all Google Workspace for Education users with the Teaching and Learning Upgrade or Google Workspace for Education Plus editions.
Through the add-on, teachers can search for or create their own kahoots, as well as discover the millions of ready-to-use learning sessions on Kahoot!, which educators can then assign for students to complete directly within Google Classroom. The Kahoot! EDU offering for schools and school districts also enables educators to access a school library of kahoots, where they can find and share learning content with other teachers throughout the school or district.
This integration marks Kahoot!'s latest collaboration with Google, beginning in 2019 when Kahoot! was selected to become a Google for Education Partner, followed by working together to launch Google Search Practice Problems and an integration with the upcoming live sharing feature on Google Meet.
For more information, read our blog post to learn how to use the Kahoot! add-on for Google Classroom.
Visit Kahoot! News to stay up to date on company news and updates.
Kahoot! is on a mission to make learning awesome! We want to empower everyone, including children, students, and employees to unlock their full learning potential. Our learning platform makes it easy for any individual or corporation to create, share, and host learning sessions that drive compelling engagement. Launched in 2013, Kahoot!'s vision is to build the leading learning platform in the world. Since launch, Kahoot! has hosted hundreds of millions of learning sessions with 8 billion participants (non-unique) in more than 200 countries and regions. The Kahoot! Group includes Clever, the leading US K-12 EdTech learning platform, together with the learning apps DragonBox, Poio, Drops, Actimo, Motimate, and Whiteboard.fi. The Kahoot! Group is headquartered in Oslo, Norway with offices in the US, the UK, France, Finland, Estonia, Denmark, Spain and Poland. Kahoot! is listed on the Oslo Stock Exchange under the ticker KAHOT. To learn more, visit us at kahoot.com. Let's play!
Media Contact
Falguni Bhuta
press@kahoot.com
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SOURCE Kahoot! | https://www.kxii.com/prnewswire/2022/08/01/kahoot-launches-kahoot-add-on-google-classroom/ | 2022-08-01T22:07:32Z |
BEIJING, March 31, 2022 /PRNewswire/ -- Five years on, the China (Chongqing) Pilot Free Trade Zone (Chongqing FTZ) in southwest China's Chongqing Municipality has seen practical and innovative achievements of opening-up, according to Li Xunfu, an official with Chongqing Municipal Commission of Commerce at a press conference held on Thursday marking the five-year anniversary of the FTZ's establishment.
Focusing on the opening-up of its advantageous industries including electronic information, intelligent equipment, biological medicine and logistics services, the Chongqing FTZ has made continuous efforts to strengthen industrial chains development.
The Xiyong sector of the FTZ has attracted over 20 renowned chips manufacturers such as Intel, SK Hynix, United Microelectronics Center and China Resources Microelectronics Limited, striving to forge an important R&D and manufacturing base of semiconductor and integrated circuit.
Supported by five major car manufacturers including Changan Auto, Beijing Hyundai, Jinkang New Energy Automobile Co., Ltd., Ruichi Automobiles and SAIC-GM-Wuling Automobile, the FTZ's Jiangbei sector has introduced over 80 world famous auto parts producers, with an integrated automobile industry chain taking shape.
The Jiulongpo sector of the Chongqing FTZ has developed full-stage aluminum deep processing service covering material preparation, processing, manufacturing and application. The Shapingba sector has formed three service systems each featuring global trade, railway logistics and supply chain finance.
In terms of building up R&D capacity, the FTZ's Liangjiang New Area sector has established 19 R&D platforms of national level and 378 of municipal level. The Xiyong sector is now home to a national-level manufacturing innovation center, 21 municipal-level laboratories and innovation centers, 128 enterprises featuring R&D, five new R&D institutions and 34 high-tech firms.
In addition, the Chongqing FTZ has been continuously optimizing business environment through promotion of online customs service and trade facilitation measures centering on building of single-window system. The FTZ has attracted over 35 percent of Chongqing's foreign direct investment in the past five years, contributing around 70 percent of the city's foreign trade volume.
Established on April 1, 2017, the Chongqing FTZ has a total land area of 119.98 square kilometers covering nine sectors of Liangjiang New Area, Yuzhong, Jiangbei, Shapingba, Jiulongpo, Nan'an, Beibei, Yubei and Xiyong.
Original link: https://en.imsilkroad.com/p/327147.html
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SOURCE Xinhua Silk Road | https://www.wibw.com/prnewswire/2022/04/01/xinhua-silk-road-chinas-chongqing-ftz-magnet-foreign-investment-amid-opening-up/ | 2022-04-01T03:39:55Z |
RA'ANANA, Israel, July 11, 2022 /PRNewswire/ -- Inspira™ Technologies OXY B.H.N. Ltd. (Nasdaq: IINN, IINNW) (the "Company" or "Inspira Technologies") introduces today the "Liby™" System, an advanced form of life support better known by the medical industry as extracorporeal membrane oxygenation (ECMO), used to treat patients with life-threatening heart and lung failure. The Liby™ System is intended to target the $531million global ECMO market. The Inspira Technologies Liby™ system currently under development, is expected to be submitted to the U.S. Food and Drug Administration (FDA) for approval, during the first half of 2023.
The Inspira Technologies Liby™ system is designed to be a new generation ECMO system, with potential advantages that may improve usability and patient care. The Liby™ system is also expected to be the first system designed for integration with the Company's recently revealed non-invasive HYLA™ blood sensor technology. The addition of the HYLA to patients treated with the Liby™ system, would potentially allow for the real-time and continuous monitoring of patient condition to alert physicians of immediate signs of changes in a patient's clinical condition
The Liby™ system includes several Inspira Technologies developed features and capabilities as well as a new approach to medical device designs, including a large touchscreen and novel colorful graphical representation that increases the visibility, scope and functionality of data displayed to the medical staff. With its small footprint and lightweight characteristics, the Liby™ system is being designed with a rapid style aerospace-grade aluminum structure to be both lightweight and highly durable, and will be equipped with long battery life, a contributing factor to making the Liby™ system suitable for patient mobility within hospitals and for transportation of patients to hospitals in ambulances.
Product Launch
The Liby™ system is expected to be submitted to the FDA for approval during the first half of 2023. Subject to FDA approval, the Liby™ system's expected regulatory pathway is intended to be designated as a Class II 510 (K), meaning it may not require human trials.
Business Model – Recurring Revenue
Similar to the Company's flagship ART™ system, the Liby™ system is being designed to generate recurring revenues based upon consumable sales of its single-use disposable kit, which is an important part of the system's unique design, aimed at reducing setup time and associated medical-care costs.
Dagi Ben-Noon, Inspira™ Technologies' Chief Executive Officer, stated:
"The Liby™ system is intended to target one of three market segments within Inspira Technologies product scope. The Liby™ system is expected to introduce the next generation of ECMO within Intensive Care Units (ICUs), due to its practical advantages, designed to improve durability, patient mobility both within the hospital or via ambulance, and ease of use. I believe that these are important advantages for medical teams within over-crowded ICUs, targeting to improve patient outcomes."
About ECMO Technology
ECMO systems are designed to directly oxygenate and remove carbon dioxide from a patient's blood, replacing the entire lung function by circulating all of the patient's blood (5-7 liters) every minute. As a last resort procedure, it requires the patient to be confined to ICUs and is associated with a high level of medical risks.
Inspira Technologies OXY B.H.N. Ltd.
Inspira Technologies is an innovative medical technology Company in the respiratory treatment arena. The Company has developed a breakthrough Augmented Respiration Technology (ART), designed to rebalance patient oxygen saturation levels. The Company's ART™ technology potentially allows patients to remain awake during treatment while minimizing the need for highly invasive, risky, and costly mechanical ventilation systems that require intubation and medically induced coma. The Company's products have not yet been tested or used in humans and has not been approved by any regulatory entity.
For more information, please visit our corporate website: https://inspira-technologies.com/
Forward-Looking Statement Disclaimer
This press release contains express or implied forward-looking statements pursuant to U.S. Federal securities laws. These forward-looking statements and their implications are based on the current expectations of the management of the Company only and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. For example, the Company is using forward-looking statements when it discusses the potential benefits to be derived from the use of the Liby™ system, once developed, the expected timing of FDA submission for approval, that the Liby™ system is expected to be designated as a Class II 510(K), meaning it may not require human trials, and that the Liby™ system is being designed to generate recurring revenues based upon consumable sales of its single use disposable kit. These forward-looking statements and their implications are based solely on the current expectations of the Company's management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Except as otherwise required by law, the Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading "Risk Factors" in the Company's annual report on Form 20-F for the fiscal year ended December 31, 2021 filed with the U.S. Securities and Exchange Commission (the "SEC"), which is available on the SEC's website, www.sec.gov
For more details:
US Investor Relations
Miri Segal,
MS-IR LLC
+917-607-8654
msegal@ms-ir.com
US Public Relations
Dave Gentry
RedChip Companies Inc.
1-800-RED-CHIP (733-2447)
Or 407-491-4498
IINN@redchip.com
Copyright © 2018-2022 Inspira Technologies OXY B.H.N. LTD., All rights reserved.
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SOURCE Inspira Technologies | https://www.kxii.com/prnewswire/2022/07/11/inspira-technologies-reveals-next-generation-liby-ecmo-an-extracorporeal-membrane-oxygenation-system-targeting-531-million-global-ecmo-market/ | 2022-07-11T13:54:04Z |
AUSTIN, Texas (AP) — The Texas Supreme Court on Friday allowed the state to investigate parents of transgender youth for child abuse while also ruling in favor of one family that was among the first contacted by child welfare officials following an order by Republican Gov. Greg Abbott.
The court did not rule on the merits of the investigations — which were the first of its kind in the U.S. — only that lower courts in Texas overstepped by trying to block all cases from going forward.
The mixed ruling by Texas’ highest civil court, which is entirely controlled by nine elected Republican justices, comes at a moment when GOP lawmakers across the U.S. are accelerating efforts to impose restrictions on transgender rights.
Lambada Legal, which helped bring the lawsuit against Texas on behalf of the parents of the 16-year-old girl, called the decision a win because it put the state’s investigation into their family on hold. Although the ruling does not prevent Texas from launching investigations into other families, the state would be foolish to do so now because those families could also seek an injunction, said Omar Gonzalez-Paden, counsel and health care strategist for Lambada Legal.
“It would be both futile and a complete waste of resources for them to do so,” Gonzalez-Paden said.
Texas went farther than any state in February when Abbott issued a first-of-its-kind order that instructed child welfare officials to investigate reports of gender-confirming care for kids as abuse.
A judge in Austin put that order on hold after a lawsuit brought on behalf of the the 16-year-old girl whose family said the state was already investigating their family. It was filed by the American Civil Liberties Union and Lambda Legal.
The lawsuit marked the first report of parents being investigated following Abbott’s directive and an earlier nonbinding legal opinion by Republican Attorney General Ken Paxton labeling certain gender-confirming treatments as “child abuse.” The Texas Department of Family and Protective Service has said it opened nine investigations following the directive and opinion.
Across the country, Republicans have leaned into the debates over transgender rights as LGBTQ Americans have grown increasingly visible in society and pop culture.
In March, the Arizona Legislature passed bills to prohibit gender confirmation surgery for minors and ban transgender athletes from playing on girls sports teams, and Republican Gov. Doug Ducey signed them.
Two other GOP governors in Indiana and Utahbucked their party and vetoed legislation to ban transgender players from girls sports.
In Texas, the groups bringing the lawsuit also represent a clinical psychologist who has said the governor’s directive forces her to choose between reporting clients to the state or losing her license and other penalties.
The governor’s directive and Paxton’s opinion go against the nation’s largest medical groups, including the American Medical Association, which have opposed Republican-backed restrictions on transgender people filed in statehouses nationwide. | https://cw33.com/news/u-s-news/ap-u-s-headlines/mixed-texas-ruling-allows-trans-youth-parent-investigations/ | 2022-05-13T17:42:20Z |
RADCOM ACE, deployed on Rakuten Mobile's fully virtualized cloud-native network in Japan, will be globally available in the Rakuten Symphony Symworld™ marketplace.
TEL AVIV, Israel , July 6, 2022 /PRNewswire/ -- RADCOM Ltd. (Nasdaq: RDCM), announced today that it is building on its existing relationship with Rakuten Mobile to bring its innovative service assurance solution, RADCOM ACE, deployed on Rakuten Mobile in Japan, to telecom operators globally through the Rakuten Symphony Symworld™ marketplace.
RADCOM ACE is an innovative, cloud-native assurance solution that ensures the smooth transition to 5G for telecom operators. Through Symworld™ marketplace, operators will be able to install RADCOM ACE into their live network.
"We are thrilled to bring our cloud-native assurance solution to Rakuten Symphony's SymworldTM marketplace," said Eyal Harari, RADCOM's Chief Executive Officer. "Following our successful partnership with Rakuten Mobile in Japan, we are excited to offer operators worldwide our innovative solutions through Rakuten Symphony. This partnership is an important acknowledgment of our strong relationship with Rakuten and our 5G assurance capabilities."
Zia Syed, President SymworldTM Platform for Rakuten Symphony, commented: "We're excited to welcome RADCOM as a service assurance partner to SymworldTM. By making available its integrated assurance solution with easy click and deploy access, we can offer operators worldwide a seamless 5G transition, ensuring more customers benefit from next-generation mobile experiences."
RADCOM ACE offers a rich set of advanced, cloud-native assurance capabilities for operators rolling out 5G networks, delivering impartial, vendor-agnostic insights across the lifecycle of the network from lab to the full commercial launch of 5G and the ongoing rollout of new services. Also, with operators building new greenfield networks for 5G standalone, these critical insights allow operators to deliver excellent customer experiences to their customers and proactively optimize network performance for this cutting-edge technology.
For more information about RADCOM ACE, visit https://radcom.com/solutions/5g-service-assurance/, the content of which does not form a part of this press release.
For all investor inquiries, please contact:
Investor Relations:
Miri Segal
MS-IR LLC
917-607-8654
msegal@ms-ir.com
Company Contact:
Hadar Rahav
CFO
+972-77-774-5011
hadar.rahav@radcom.com
About RADCOM
RADCOM (Nasdaq: RDCM) is the leading expert in 5G ready cloud-native network intelligence solutions for telecom operators transitioning to 5G. RADCOM Network Intelligence consists of RADCOM Network Visibility, RADCOM Service Assurance, and RADCOM Network Insights. The RADCOM Network Intelligence suite offers intelligent, container-based, on-demand solutions to deliver network analysis from the RAN to the core for 5G assurance. Utilizing automated and dynamic solutions with smart minimal data collection and on-demand troubleshooting, and cutting-edge techniques based on machine learning, these solutions work in harmony to provide operators an understanding of the entire customer experience and allow them to troubleshoot network performance from a high to granular level while reducing storage costs and cloud resource utilization. For more information on how to RADCOMize your network today, please visit www.radcom.com, the content of which does not form a part of this press release.
Risks Regarding Forward-Looking Statements
Certain statements made herein that use words such as "expect," "believe," "will," "plan," or similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. For example, when the Company discusses Rakuten's 5G launch, the successful integration of the Company's products in Rakuten's network, the potential sales of the Company's products as they become available on Symworld™ and the expected results and benefits thereof, it is using forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties that could cause the actual results, performance, or achievements of the Company to be materially different from those that may be expressed or implied by such statements, including, among others, changes in general economic and business conditions and specifically, decline in the demand for the Company's products, inability to timely develop and introduce new technologies, products, and applications, and loss of market share and pressure on prices resulting from competition. For additional information regarding these and other risks and uncertainties associated with the Company's business, reference is made to the Company's reports filed from time to time with the U.S. Securities and Exchange Commission. The Company does not undertake to revise or update any forward-looking statements for any reason.
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SOURCE RADCOM Ltd. | https://www.wibw.com/prnewswire/2022/07/06/radcom-deploy-its-5g-automated-network-assurance-solution-symworld/ | 2022-07-06T12:07:41Z |
PITTSBURGH, July 14, 2022 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) announced it declared a quarterly cash dividend of $0.12 per share on its common stock. The dividend is payable on September 15, 2022, to shareholders of record as of the close of business on September 2, 2022.
About F.N.B. Corporation
F.N.B. Corporation (NYSE: FNB), headquartered in Pittsburgh, Pennsylvania, is a diversified financial services company operating in seven states and the District of Columbia. FNB's market coverage spans several major metropolitan areas including: Pittsburgh, Pennsylvania; Baltimore, Maryland; Cleveland, Ohio; Washington, D.C.; Charlotte, Raleigh, Durham and the Piedmont Triad (Winston-Salem, Greensboro and High Point) in North Carolina; and Charleston, South Carolina. The Company has total assets of $42 billion and more than 340 banking offices throughout Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, South Carolina, Washington, D.C. and Virginia.
FNB provides a full range of commercial banking, consumer banking and wealth management solutions through its subsidiary network which is led by its largest affiliate, First National Bank of Pennsylvania, founded in 1864. Commercial banking solutions include corporate banking, small business banking, investment real estate financing, government banking, business credit, capital markets and lease financing. The consumer banking segment provides a full line of consumer banking products and services, including deposit products, mortgage lending, consumer lending and a complete suite of mobile and online banking services. FNB's wealth management services include asset management, private banking and insurance.
The common stock of F.N.B. Corporation trades on the New York Stock Exchange under the symbol "FNB" and is included in Standard & Poor's MidCap 400 Index with the Global Industry Classification Standard (GICS) Regional Banks Sub-Industry Index. Customers, shareholders and investors can learn more about this regional financial institution by visiting the F.N.B. Corporation website at www.fnbcorporation.com.
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SOURCE F.N.B. Corporation | https://www.kxii.com/prnewswire/2022/07/14/fnb-corporation-declares-cash-dividend-012-common-stock/ | 2022-07-14T21:01:31Z |
New funding and executive leadership team to accelerate product innovation and investment into the open source community
SAN FRANCISCO , July 20, 2022 /PRNewswire/ -- Dgraph, the company behind the most popular open source Graph database, announced a $6 million seed re-financing round led by Venrock and Uncorrelated Ventures, with participation from Abstract Ventures, HackVC, SaxeCap, and Liquid2 Ventures. World-class executives also joined the round, including DJ Patil, former US Chief Data Scientist; Michael Callahan, founder of Awake Security; Ry Walker, founder of Astronomer; Ganesh Srinivasan, Chief Product Officer at Confluent; Chris Riccomini; and JP Patil, Head of Data at Included Health.
Dgraph's founders deeply understood distributed systems and building graph systems at scale, and saw the need to build a better graph database platform that could serve as an entire application backend. By bringing the backend into a single place and the database and service layer into a single solution, developers can use Dgraph as their backend rather than just their database.
Since its initial open source release in 2016, Dgraph has become the most popular open source Graph database on GitHub and the youngest company to be named in Forrester's Graph Data Platform landscape.
New executive team to lead product innovations and growth
Database industry veteran Akon Dey, Ph.D., recently joined as CEO bringing over two decades of experience in the database, data stream, and enterprise data systems space, including Yahoo! Inc. and Visa.
Under Dey's leadership, Dgraph will use the new funds to accelerate building go-to-market teams and initiatives to support a growing customer base, in addition to investments in product development for new use cases and applications. The team is also focused on a renewed stewardship to the Dgraph community and will introduce a new set of features to the open source project.
"Dgraph users love the horizontal scalability, high performance, flexible data model and ease of use," said Dey. "With our cloud offering we can ensure companies at any stage are able to quickly, reliably and cost effectively bring their applications to market. In addition, the Dgraph community has been a vibrant and significant contributor to the advancement and success of Dgraph. We are committed to supporting the community and looking forward to the continued collaboration".
Joining Dey on the executive team is Gajanan Chinchwadkar, Ph.D., as Chief Technology Officer, an industry veteran with more than 30 years of experience at AWS, Marklogic and Sybase in distributed database systems, multi-modal query engines and query optimization.
"What excites me about Dgraph is that GraphQL is a widely accepted language by application developers and DQL is also highly sought after by Dgraph users," said Chinchwadkar. "With our expertise in building query and search engines for a variety of data models, we will be able to build an even more performant and feature-rich query engine for Dgraph to satisfy the growing needs of modern applications."
The era of the new cloud database
According to Gartner, cloud databases now represent half of the $80B database market, growing 22% CAGR. Dgraph offers customers a general-purpose distributed cloud database that supports graph-oriented use cases and a broad set of applications. Dgraph was written in Go and is available as an Apache 2.0 licensed community edition and an enterprise offering with additional enterprise-ready capabilities.
"The rapid growth in enterprise data has led to new scale and performance needs. As a result, new database engines are emerging to meet new demands of availability, horizontal scale, and latency," said Venrock Partner Ethan Batraski. "Dgraph's approach offers a cloud native, distributed architecture to building applications at scale, with a significantly more flexible and simplified approach to managing schemas, tables, and APIs, becoming the new default choice for application engineers."
"Most graph databases today are not truly distributed: they run fine on a couple of nodes but rely on a variety of architectural hacks to run on larger numbers of nodes, and thus aren't truly scalable," said Salil Deshpande, General Partner at Uncorrelated. "There are horizontally scalable NoSQL databases with graph overlays that are not built ground-up to be graph databases, so graph-like queries did not perform well; or there are databases that are indeed graph databases but are not architected to be horizontally scalable."
Customer Quotes
"We started our Dgraph journey back in 2018 to build our event-driven microservices application by using Dgraph as our main account related database," said John Zhou, Senior Engineering Manager, Lifeline (formerly Philips Lifeline). "The overall performance of Dgraph is amazing, and their support team is really hands-on and ready to support us at any time."
"At Knights Analytics, we selected Dgraph primarily due to its focus on the fundamental technical challenges of latency, horizontal scalability, and strong consistency guarantees," said Alex Ridden, Cofounder, Knights Analytics. "Native GraphQL support has proven to be a powerful feature, allowing us to build integrations and visualizations of graph data in short timeframes. Dgraph has been a great database option for our platform, allowing us to develop functionality which would have been significantly more challenging or impossible with other databases."
About Dgraph
Dgraph is the graph database company, an open source, general purpose, distributed graph database powering high performance applications and operational needs. The only GraphQL-native graph database, Dgraph underpins the digital transformation of terabytes of data for businesses that depend on complex data structures. A vibrant open source community downloads Dgraph over 10 million+ docker-hub pulls; Dgraph is the #1 graph database on GitHub with over 18,000 stars. Dgraph's customers include companies from Fortune 500 companies as well as rapid-growth startups. Dgraph is headquartered in California's Silicon Valley. For more information, visit http://dgraph.io/, and follow Dgraph on LinkedIn, Twitter, and GitHub.
About Uncorrelated
Uncorrelated Ventures was founded in 2020 by Salil Deshpande with Bain's backing to focus on infrastructure software, both traditional and decentralized. Over 17 years Salil invested $500M+ into 50+ companies, usually super early, including traditional infrastructure such as Redis, DataStax, MuleSoft, DynaTrace, Quantum Metric, Sysdig, Buddy Media, SpringSource, Astranis, Astronomer, Pipe, Dropcam, Tealium, Sonatype, Frame, and Upgrade, and decentralized infrastructure such as Compound, Maker, Cosmos, CoinDCX, Helium and Crusoe Energy. Salil was on the inaugural Forbes Midas Seed List of 25 best-performing seed investors in 2022, the Business Insider Seed 100 List of all-time best-performing seed investors in 2021 and 2022, and the Forbes Midas List of 100 best-performing venture investors worldwide from 2013 through 2019 and then again in 2022.
About Venrock
Originally established as the venture capital arm of the Rockefeller family in 1969, Venrock partners with entrepreneurs to build some of the world's most disruptive, successful companies. With a primary focus on technology and healthcare, portfolio companies have included 10X Genomics, Apple Computer, AveXis, Check Point Software, CloudFlare, Dollar Shave Club, Gilead Sciences, Idec Pharma, Illumina, Intel, Millennium Pharma and Nest. For more information, please visit Venrock's website at www.venrock.com and follow the firm on Twitter at @venrock
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SOURCE Dgraph Labs, Inc. | https://www.mysuncoast.com/prnewswire/2022/07/20/popular-open-source-graphql-company-dgraph-secures-6m-seed-round-with-new-leadership/ | 2022-07-20T15:24:17Z |
GENEVA (AP) — Britain and Rwanda on Thursday faced down two United Nations agencies that have sharply criticized their controversial plan in which Britain expects to send some asylum-seekers from the U.K. to the African country.
In an interview with The Associated Press before meeting top officials from the U.N. human rights and refugee agencies, Rwandan Foreign Minister Vincent Biruta acknowledged it was “fine that they be concerned,” adding that the discussion was aimed “to bring them on board” to work with the two countries.
The U.N. refugee agency chief, in remarks on Twitter, sounded unconvinced.
Under the plan unveiled last month, British officials said they will send to migrants arriving in the U.K. illegally – often as stowaways or in small boats crossing the English Channel – to Rwanda. There the migrants’ asylum claims will be processed, and if successful, the migrants will stay there.
U.N. officials and other critics — particularly in the two countries — raised human rights concerns and warned such a move goes against the international Refugee Convention.
British Home Secretary Priti Patel said Britain had seen over 20,000 people enter illegally over the last year, and insisted that her Conservative government — along with Rwanda — was “finding new innovative solutions to global problems” amid a crisis of illegal immigration. She insisted the plan was about saving lives of people taken by smugglers on often-treacherous journeys to try to reach Britain.
“I’m afraid other organizations and other countries, you know, are not coming up with alternatives — and the status quo is simply not acceptable anymore,” she said.
The meetings come a day after Patel’s office, hosting Biruta in London, announced that a “first tranche of illegal migrants with no right to be in the UK have now been notified” of the British government’s intention to relocate them to Rwanda.
Patel declined to specify how many people would be in that first group, how they arrived in Britain, or how many people overall might be sent to Rwanda under the plan, saying “we don’t share our operational details.”
She decried “a lot of deliberate misinformation” about the people who would be sent to Rwanda. She also touted her country’s “outstanding record of resettling people and hosting migrants and refugees” – noting 15,000 people were brought from Afghanistan to Britain and the issuance of 100,000 visas to Ukrainians.
Patel sought to distinguish between legal routes to entry, which Britain welcomes, and the approaches by some migrants who try to enter illegally.
The ministers met with the U.N. High Commissioner for Refugees Filippo Grandi, who last month – the same day when Britain’s parliament passed a bill on asylum and nationality – regretted approval of the U.K. government’s proposal for a new approach to asylum that “undermines established international refugee protection law and practices.”
When the program – the Migration and Economic Development Partnership – was announced in mid-April, Grandi’s assistant high commissioner for refugees, Gillian Triggs, insisted that people fleeing war, conflict and persecution deserved empathy, adding: “They should not be traded like commodities and transferred abroad for processing.”
After Thursday’s meeting, Grandi tweeted that he had reiterated his concerns about the deal, adding: “Shifting asylum responsibilities is not the solution.” He said his agency, UNHCR, “will continue proposing concrete solutions that respect international law.”
The ministers also met with Nada al-Nashif, the U.N. deputy high commissioner for Human Rights. Her office didn’t comment after Thursday’s meeting.
Last month, the U.N. human rights office tweeted its support for UNHCR’s position, saying the plan raises human rights concerns — notably about forcible returns, family separation, “arbitrary deprivation of liberty” and the prospect that cases might not be assessed on an individual basis.
A statement from the British Home Office after the meetings in Geneva, which also involved visits with diplomats from Australia, Canada, New Zealand and the United States, said Rwanda was a “fundamentally safe and secure country.” It added that the partnership plan would process asylum claims in accordance with the Refugee Convention, as well as national and international human rights laws.
Rwanda’s Biruta said initial planning considered that some 30,000 people might be involved in the plan, but in any case Rwanda could take in thousands.
Rwandan authorities in recent years have given asylum to hundreds of people seeking shelter as a result of arrangements with Israel, the African Union, the U.N. and others. Many were from Eritrea and Ethiopia, including some who languished for months in detention centers in Libya.
Some people who went to Rwanda have insisted that the country — with a population of 13 million, and Africa’s most densely populated country, is not a suitable refuge. Rwanda already is home to more than 130,000 refugees from countries such as Burundi, Congo, Libya and Pakistan.
___
Follow all AP stories on global migration at https://apnews.com/hub/migration. | https://cw33.com/news/international/ap-international/britain-rwanda-defend-asylum-seekers-plan-at-un-agencies/ | 2022-05-20T02:30:12Z |
Free healthy grocery deliveries kept her community fed through the pandemic, but this chef’s battle against food insecurity is far from over
By Meg Dunn, CNN
When the Covid-19 pandemic hit, Kim Calichio and her husband, like many people, saw their lives change overnight.
A former restaurant chef, Calichio had built a cooking and gardening business that halted completely, leaving her with no income. Her husband, Omar, also a chef, continued his restaurant job, working in close quarters that put him at risk amid the spreading virus.
“My husband and I were like, at least I can get unemployment,” Calichio said. “Where there are five to 15 people that we know who aren’t going to have that.”
In an industry where people typically live paycheck to paycheck and many don’t qualify for unemployment benefits, Calichio knew many restaurant workers wouldn’t have a safety net to fall back on.
“I had a choice to either sit here in my house and be overwhelmed,” she said, “or, I can do whatever it is that I could possibly do without thinking about whether it’s going to work or not.”
So, in early March 2020, the couple started a GoFundMe with the idea of purchasing fresh, healthy groceries wholesale and delivering them directly to those in need in their Astoria, Queens, community.
Within a week, they raised $10,000.
“We thought the pandemic was going to be over in two weeks,” Calichio said. “So, we were like, ‘We’ll spend this 10 grand and then we’ll go back to work.’ And that never happened.”
Right away, they realized the need extended well beyond their restaurant community, and the program quickly grew to serve anyone in Queens. And so, the non-profit The Connected Chef was born.
“We knew that we lived in a community that … has a big disparity,” she said. “And we wanted to bridge the gap between those who had and those who didn’t.”
The Connected Chef purchases most of its food from local farms. Grocery boxes are packed and then delivered by volunteers and staff directly to recipients’ homes.
“We wanted to be able to do this in a way that was dignified and wasn’t having people wait in a pantry line for four hours to wonder if they’re even going to get food,” Calichio said.
The organization delivers free groceries to 550 households each week and has 700 more on a waitlist. A household can stay in the program for as long as they need.
“When you are food-insecure, you’re not food-insecure just for a week and then you get food and then everything is better again,” Calichio said. “And so we wanted to make sure that we were a source of reliability.”
Calichio’s says her measure of success is the 125 households that have come off the free program. They are now in a better place where they can buy groceries on their own or opt into The Connected Chef’s sliding scale program and pay what they can afford.
Although this work started in response to the pandemic, for Calichio, it is far from over.
“We still have families calling us and thanking us, saying ‘If we didn’t have your groceries, we wouldn’t have food,'” she said. “Until we’re able to create something that is self-sustaining and can be replicated, this work will continue.”
CNN’s Meg Dunn spoke with Calichio about her work. Below is an edited version of their conversation.
CNN: What made you worry about your fellow restaurant workers when restaurants started to shut down in 2020?
Kim Calichio: The majority of people who are working in restaurants are living paycheck to paycheck. It is largely made up of an immigrant community as well. So, a lot of individuals don’t qualify for unemployment benefits. We knew that people were in dire need. When I say in a week’s time my fridge is going to be empty, that was literally the position people were in.
There was no waiting, either. We didn’t have time to say, “Okay, let’s set up this. And let’s figure this out.” Like, people needed food yesterday. And we needed to figure out how to help them.
CNN: Why is it important to you to purchase local produce?
Calichio: We source 80% of the produce from local farms in New York, New Jersey and Pennsylvania. Food is a central point in so many ways, but it also intersects with environmental justice and labor justice. On top of building something, we didn’t want to be sourcing our ingredients from companies that were based in extraction. And we wanted to make sure that we’re, as much as we possibly can, supporting small farms.
We’re working really hard to support BIPOC farmers as well — and make sure that where we’re getting our food from is not supporting this large, big, agricultural business.
CNN: How have you set up your non-profit to work differently from other organizations?
Calichio: Our goal is to create a community-rooted food system — from where the food is grown to how it gets to families’ homes. And every step of the way in between, we need to make sure that there’s equity. That includes our staff and our team doing this work. It didn’t make sense for us to build an organization where we have executives who are getting paid top-dollar. So, everybody on our team gets paid $20 an hour. Some of us work more or less hours than others. But the pay rate is the same. And when we get a raise, we all get a raise together.
My hope is that this work provides a model of doing things differently — for communities all over to be able to see what we’re doing and realize that it’s possible and we don’t have to do things business-as-usual.
Want to get involved? Check out The Connected Chef’s website and see how to help.
To donate to The Connected Chef via GoFundMe, click here
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/national-world/cnn-national/2022/04/07/free-healthy-grocery-deliveries-kept-her-community-fed-through-the-pandemic-but-this-chefs-battle-against-food-insecurity-is-far-from-over/ | 2022-04-07T23:31:08Z |
Elevate Capital Awarded Management of Business Oregon's Second Commercialization Gap Fund
PORTLAND, Ore., Aug. 2, 2022 /PRNewswire/ -- Elevate Capital, Oregon's first inclusive venture capital fund that supports inclusion and diversity, has been selected by Business Oregon as the Fund Manager for their second Commercialization Gap Fund.
The Commercialization Gap Fund was initiated in 2020 after Business Oregon's Innovation Council (Oregon InC) studied capital gaps and found a need to support science and research-based companies in early stages of commercialization. There are few sources of capital or "gap funding" in Oregon for entrepreneurs at the earliest stages of commercialization due in part to the long-term nature of return expectations. In response to this issue, Oregon InC created the Gap Fund to focus on filling the "valley of death" and support commercialization of disruptive science and research technologies. The Gap Fund also intends to recycle investment back to Oregon InC to support additional companies as an evergreen program. The Gap Fund is a critical component of Oregon's 10-Year Innovation Plan.
Business Oregon, via Oregon InC, previously awarded Elevate Capital $2.5 million to manage the state's first Commercialization Gap Fund in 2020. This year, Elevate has been awarded $4.5 million for Gap Fund 2. For Gap Fund 1, Elevate Capital invested in 15 companies over a 12-month period, with check sizes ranging from $50,000 to $250,000. Of these startups, 29% are led by women and another 29% have BIPOC or immigrant founders.
For Fund 2, a $4.5 million State-financed Fund, Elevate Capital will invest in another 15 companies with larger check sizes from Fund 1, ranging from $100,000 to $250,000, and increased follow-on funding. Like the first Fund, Gap Fund 2 will invest in early-stage innovation across Oregon Innovation Council's target industries, such as life science, cleantech, sustainable resources, advanced manufacturing, and active lifestyle. Elevate Capital will continue leveraging its experience as an industry leader investing in underserved founders, an especially important effort in the hard sciences.
"Elevate Capital, through its work with the Gap Fund, exposed a dire need for capital for Oregon's early-stage companies coming out of its research institutions," said Nitin Rai, Founder and Managing Partner at Elevate Capital. "As the manager of the Gap Fund, Elevate Capital provides not only capital, but mentorship and business guidance as well — we help companies achieve key technical and business development milestones. Achieving these goals is a critical step for Gap Fund companies to successfully raise additional capital from private angel and venture capital investors."
"We are proud to have earned Business Oregon's trust and excited for the opportunity to continue collaborating towards our shared goal of supporting early-stage founders in Oregon," said Ben Nahir, Venture Principal at Elevate Capital. "Our first cohort of companies have done incredibly well in the last 18 months, with several raising funds from other investors. The additional capital provided by Business Oregon for Gap Fund 2 will significantly enhance our ability to make meaningful investments to support our next generation of founders."
"Oregon has been a leading state supporting innovation and entrepreneurship through the critical work of the Oregon Innovation Council. It is incredibly exciting to partner with Elevate Capital to manage our private equity program, the Commercialization Gap Fund. This program enables the state to financially support early-stage science and research-based companies and benefit from their success. We fully intend for this program to prove to be an evergreen program that will support countless companies and fill existing capital gaps," said Kate Sinner, Innovation and Entrepreneurship Manager at Business Oregon.
The partnership of Business Oregon's resources and Elevate Capital's management expertise in the first Commercialization Gap Fund have been integral to helping companies continue to raise additional funding, a critical objective for the program. Gap Fund 1 companies have raised over $4.5 million in additional outside investments and over $7.5 million in non-dilutive grant funding.
Commercialization Gap Fund 1 companies include:
- Biomotum (www.biomotum.com): Biomotum is developing a soft-robotic exoskeleton to help kids with Cerebral Palsy and others with impaired mobility learn to walk.
- CytoImage (www.cytoimage.bio): CytoImage provides single cell multiplexed functional imaging to improve precision medicine.
- LeapFrog Design (www.leapfrog.design): LeapFrog created a sustainable and scalable residential grey water recycling system.
- Promedix (www.promedixinc.com): Promedix is helping doctors and nurses identify and diagnose sepsis quickly to prevent critical injury.
- Rewire Neuro (www.rewireneuro.com): Rewire Neuro uses machine learning to automate scientific image analysis, helping researchers publish data more quickly and efficiently.
- Veana Therapeutics (www.veana-therapeutics.com): Veana developed and is testing an oral cancer treatment with very few side effects.
- VitalFlo Health (www.vitalflohealth.com): VitalFlo provides patients and doctors with real-time respiratory monitoring to improve overall lung health.
- HOLO Footwear (www.holofootwear.com): HOLO is an authentic, stylish, sustainable brand that sells shoes made from 100% recycled material at an accessible price.
- LifeAir (www.lifeairmedical.com): LifeAir is developing a disposable airway ventilator for use in hospitals to reduce ventilator-associated diseases such as pneumonia.
- Magwire (www.magwire.org): Magwire is developing the next generation of flexible electronics using transparent conductive films.
- Neurobiome (www.neuro-biome.com): Neurobiome is developing a gut-brain chip for high-throughput testing and discovery of gut microbiome-mediated neuroactive compounds.
- ReNewCat Surfactants: ReNewCat created and is optimizing the synthetic process for a new, more effective surfactant used in the manufacture of nontoxic detergents.
- Skip Technology (www.skiptek.com): Skip Tech is developing a novel flow battery for large scale battery storage systems.
- SomnoSeal (www.kimberlymd.com/somnoseal): SomnoSeal is a consumer product to help improve CPAP efficiency and reduce dry mouth and snoring.
- StoneStable (www.stonestable.com): StoneStable is developing a silica-based coating technology to stabilize vaccines at room temperature, significantly reducing transport and storage costs.
About Elevate Capital: Elevate Capital is a Pacific Northwest-based venture capital firm that invests nationally in early-stage underrepresented entrepreneurs, that includes women, BIPOC, LGBTQ+, and veterans. For instance, more than 62% of Elevate Capital Fund II investments are in women, 52% in African Americans (majority are women), 67% in founders of color, 10% LGBTQ+, 10% veterans, and 5% Latinx founder/CEO led startups. Since 2016, Elevate Capital has invested nearly $45 Million in 53 startups, of which more than 95% are led by diverse founders. Visit elevate.vc or follow Elevate Capital on Twitter, Facebook, and LinkedIn.
About Business Oregon: Business Oregon, the state's economic development agency, invests in Oregon businesses, communities, and people to promote a globally competitive, diverse, and inclusive economy. The Oregon Innovation Council, a public-private partnership, supports innovators to get new technologies from idea to market and sets the state's innovation agenda. Oregon Innovation Council is also responsible for the implementation of Oregon's 10-Year Innovation Plan - a state plan for innovation and economic competitiveness. Learn more at biz.oregon.gov.
Media Contacts:
Donna Lehmann
Director of Marketing
Elevate Capital
503-880-0538
donna@elevate.vc
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SOURCE Elevate Capital | https://www.wibw.com/prnewswire/2022/08/02/business-oregon-elevate-capitals-commercialization-gap-fund-2-doubling-down-science-deep-tech-innovation-oregon/ | 2022-08-02T10:48:13Z |
PHOENIX, Sept. 6, 2022 /PRNewswire/ -- Hyundai Motor America and ten Phoenix Valley Hyundai dealers donated a total of $120,000 to Phoenix Children's as part of its annual KTAR News 92.3 FM & 98.7 FM Arizona's Sports Station Give-A-Thon to raise much needed funds for the Phoenix Children's Hope Fund, which funds essential equipment, operations, charitable care, Child Life resources, virtual care and research.
"We are proud to support Phoenix Children's for another year of giving," said John Angevine, general manager, mountain states region, Hyundai Motor America. "We are inspired by the commitment of the Phoenix Valley Hyundai dealers to give back to patients and families for thirteen years through this longstanding event that is a pillar in the local community."
"Your Valley Hyundai Dealers are proud to be able to sponsor a hospital as important as Phoenix Children's Hospital and the KTAR Give-A-Thon" said Adam Breen, general manager, Earnhardt Hyundai.
Now in its 22nd year, Give-A-Thon is the country's largest radiothon for a children's hospital. Patients are accepted regardless of their ability to pay, and about 50 percent of patient families have little or no private medical insurance. Proceeds from the Give-A-Thon will allow Phoenix Children's to continue to provide the lifesaving care it is renowned for.
About Phoenix Children's
Phoenix Children's is one of the nation's largest pediatric health systems. It comprises Phoenix Children's Hospital–Main Campus, Phoenix Children's Hospital–East Valley at Dignity Health Mercy Gilbert Medical Center, four pediatric specialty and urgent care centers, 11 community pediatric practices, 20 outpatient clinics, two ambulatory surgery centers and seven community-service-related outpatient clinics throughout the state of Arizona. The system has provided world-class inpatient, outpatient, trauma, emergency and urgent care to children and families for more than 35 years. Phoenix Children's Care Network includes more than 1,175 pediatric primary care providers and specialists who deliver care across more than 75 subspecialties. For more information, visit phoenixchildrens.org.
Hyundai Motor America
Hyundai Motor America focuses on 'Progress for Humanity' and smart mobility solutions. Hyundai offers U.S. consumers a technology-rich lineup of cars, SUVs and electrified vehicles. Our 820 dealers sold more than 738,000 vehicles in the U.S. in 2021, and nearly half were built at Hyundai Motor Manufacturing Alabama. For more information, visit www.HyundaiNews.com.
Hyundai Motor America on Twitter | YouTube | Facebook | Instagram | LinkedIn
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SOURCE Hyundai Motor America | https://www.mysuncoast.com/prnewswire/2022/09/06/hyundai-phoenix-valley-hyundai-dealers-raise-120000-support-phoenix-childrens-give-a-thon/ | 2022-09-06T19:06:05Z |
World Champion Magnus Carlsen returns to Saint Louis, MO
ST. LOUIS, Aug. 26, 2022 /PRNewswire/ -- The seventh edition of the Grand Chess Tour (GCT), a series of five elite chess tournaments held across the globe, will return to America's Chess Capital at the Saint Louis Chess Club from August 25 - 30, 2022. The Saint Louis Rapid & Blitz will kick off the festivities with 10 of the world's best chess players competing for $175,000 in prize money. The 2022 Grand Chess Tour will conclude with the prestigious Sinquefield Cup from September 1 - 12, 2022; it will be the second classical tournament on the tour, bookending the three rapid & blitz events. The reigning World Champion Magnus Carlsen will headline the Sinquefield Cup as the wildcard player, where he will be joined by the nine full tour GCT players competing for the $350,000 total prize fund. The Saint Louis Rapid & Blitz and Sinquefield Cup tournaments are sponsored by the Saint Louis Chess Club.
"The Sinquefield Cup is one of the longest running international chess tournaments to be held in the United States," said Tony Rich, Executive Director of Saint Louis Chess Club. "We are proud to once again host the final leg of the 2022 Grand Chess Tour at the Saint Louis Chess Club. Our fans are sure to be thrilled to watch their favorite chess grandmasters compete in over 14 days of exhilarating rapid, blitz and classical chess."
The Saint Louis Rapid & Blitz will host 10 of the top players from around the world including World Number 3, Alireza Firouzja and the 2022 Superbet Chess Classic winner, Maxime Vachier-Lagrave. The tournament will showcase eight GCT full tour players and two wildcards, American favorites Hikaru Nakamura and Sam Shankland. The Saint Louis Rapid & Blitz will be played as a rapid round robin and blitz double round robin format. This will be the fourth stop on the 2022 Grand Chess Tour.
The Sinquefield Cup will be the last event played on the Grand Chess Tour this season. The nine full-tour players will be joined by World Champion Magnus Carlsen in a 10-player classical round robin.
The top three finishers in this year's Tour automatically qualify to play in the 2023 Grand Chess Tour. If a playoff is required to determine 1st, 2nd and 3rd places of the 2022 Grand Chess Tour, it will occur on Monday, September 12th at 1:00pm CT. The top three finishers are also competing for the $150,000 in GCT bonus prizes.
This year, the Sinquefield Cup Opening ceremony date also falls on the 50th anniversary of the American Bobby Fischer's historic win over the Russian Boris Spassky in the legendary 1972 World Chess Championship, ending 24 years of Soviet dominance in the sport. The Sinquefield Cup Opening Ceremony will be held on September 1st from 5:30pm - 7:30pm at World's Fair Pavilion in Forest Park and will be open to the public. Learn more and purchase tickets.
Due to local COVID-19 restrictions live spectators will not be allowed in the tournament hall but fans can watch the full broadcast online or at the Saint Louis Chess Club featuring a Grandmaster commentary team of Yasser Seirawan, Cristian Chirila and Peter Svidler for the Saint Louis Rapid and Blitz and Yasswer Seirawan, Alejandro Ramirez and Peter Svidler for the Sinquefield Cup. Watch all the rounds daily at 12:50 p.m. CT exclusively on grandchesstour.org and on the Saint Louis Chess Club's YouTube and Twitch.tv channels.
About the Grand Chess Tour
The Grand Chess Tour is a circuit of international events, each demonstrating the highest level of organization for the world's best players. The legendary Garry Kasparov, one of the world's greatest ambassadors for chess, inspired the Grand Chess Tour and helped solidify the partnership between the organizers. All Grand Chess Tour 2022 events will comply with local and regional COVID-19 restrictions. For more information about the tour, please visit grandchesstour.org.
About the Saint Louis Chess Club
The Saint Louis Chess Club is a non-profit, 501(c)(3) organization that is committed to making chess an important part of our community. In addition to providing a forum for the community to play tournaments and casual games, the club also offers chess improvement classes, beginner lessons and special lectures.
Recognizing the cognitive and behavioral benefits of chess, the Saint Louis Chess Club is committed to supporting those chess programs that already exist in area schools while encouraging the development of new in-school and after-school programs. For more information, visit saintlouischessclub.org.
About the Superbet Foundation
Founded in 2019, Superbet Foundation is a nonprofit organization. Its role is to coordinate Superbet Group's CSR activities and to connect with civil society organizations and the general public. Through its activity, the Foundation strives for a better world, with healthy and educated people and by supporting various projects it wants to inspire people to hold unbreakable moral values. It supports projects in domains like education, health, culture, performance in sport and, most notably, in chess. Since 2019, chess has become one of the backbones of Superbet Foundation by organizing its first tournament of the Grand Chess Tour in Bucharest. The Foundation is committed to turning GCT tournaments into a tradition for the Romanian and Polish chess communities. For more information, visit superchess.ro.
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SOURCE Saint Louis Chess Club | https://www.wibw.com/prnewswire/2022/08/26/worlds-best-chess-players-return-saint-louis-saint-louis-rapid-amp-blitz-sinquefield-cup-tournaments-august-25-september-12/ | 2022-08-27T00:34:41Z |
Russia pounds Ukraine as Putin holds talks in Tehran
KYIV, Ukraine (AP) — Russian cruise missiles struck villages around southern Ukraine’s port city of Odesa early Tuesday, hitting houses, a school and a community center as Russian President Vladimir Putin was in Iran to discuss a U.N.-backed proposal to unblock exports of Ukrainian grain.
Russian forces fired seven Kalibr cruise missiles at the Odesa region. The Russian Defense Ministry said strikes on the village of Bilenke had a legitimate military goal and “destroyed depots of ammunition for weapons supplied by the United States and European countries.”
A local official disputed Moscow’s claim and said six people were wounded.
“These strikes on peaceful people have one goal — to intimidate the population and the authorities and keep them in constant tension,” Serhiy Bratchuk, the speaker of the Odesa regional government, told Ukrainian television.
The Russian military in recent weeks has targeted Odesa and parts of southern Ukraine where its troops captured cities earlier in the war amid indications that Ukraine was planning counterattacks to retake Russian-occupied areas.
Meanwhile, Ukrainian forces on the ground in eastern Ukraine are fighting to hold onto the declining territory under their control.
At least two civilians were killed and 15 more were wounded by Russian shelling across the country over the past 24 hours, Ukraine’s presidential office said in a morning update.
“There remains a high level of threat of missile strikes throughout the territory of Ukraine,” said Oleksandr Shtupun, spokesman of the General Staff of the Ukrainian armed forces.
In eastern Ukraine’s Donetsk province, which has been cut off from gas supplies and in part from water and power, one person was killed and two more wounded.
“The infrastructure of the cities is being methodically destroyed by missile strikes, and the civilian population, cut off from bare necessities, suffers the most,” Donetsk Gov. Pavlo Kyrylenko said in televised remarks.
Kyrylenko said four Russian strikes were carried out on the city of Kramatorsk. He urged civilians to evacuate. Some residents heeded the warning and loaded what belongings they could carry into a bus early Tuesday to await evacuation.
The missile strikes came as the British military said it believes Russia is facing “increasingly acute” problems in keeping up its troop strength in its grinding war of attrition that began with the Feb. 24 invasion of Ukraine.
The British Defense Ministry in a Tuesday morning assessment said that Russia “has struggled to sustain effective offensive combat power since the start of the invasion, and this problem is likely becoming increasingly acute” as Moscow seeks to conquer the Donbas region of eastern Ukraine.
The British military added: “While Russia may still make further territorial gains, their operational tempo and rate of advance is likely to be very slow without a significant operational pause for reorganization and refit.”
In other developments Tuesday:
- Ukraine’s parliament approved President Volodymyr Zelenskyy’s decision to dismiss Ivan Bakanov as head of the country’s Security Service, the SBU. Zelenskyy over the weekend removed Bakanov, as well as Iryna Venediktova, who served as Ukraine’s Prosecutor General, over the weekend The parliament separately voted to approve Venediktova’s ouster. As part of the reshuffle, Zelenskyy on Tuesday also fired heads of five regional branches of the SBU and one deputy head of the agency.
- Ukraine’s first lady, Olena Zelenska, visited Washington at the invitation of the U.S. first lady Jill Biden. Zelenska met Monday with Secretary of State Antony Blinken. U.S. State Department spokesman Ned Price said Blinken assured her of the United States’ commitment to Ukraine, and commended her for her work with civilians dealing with trauma and other damage from the war. Zelenska is expected to meet with Jill Biden on Tuesday.
___
Follow the AP’s coverage of the war at https://apnews.com/hub/russia-ukraine
Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/07/19/russia-pounds-ukraine-putin-holds-talks-tehran/ | 2022-07-19T11:27:49Z |
OSLO, Norway, Aug. 17, 2022 /PRNewswire/ -- Multiconsult ASA (OSE: MULTI)
Multiconsult's second quarter EBITA came in at NOK 74.7 million, which gives an EBITA for the first half of 2022 at NOK 243.9 million. The operating EBITA margin in the quarter was 7.1 per cent, and 11.2 per cent in the first half of the year. High activity and solid operational performance, resulted in a growth in net operating revenues of 6.2 per cent to NOK 1 048.5 million in the quarter, while the organic revenue growth was 3.4 per cent. Higher operating expenses in the quarter is driven by an increase in employees from prior acquisitions and increased other operating expenses as business activities return to a normal post Covid-19 situation. The order intake has been good in the second quarter and gives a stable order backlog of NOK 3 521 million at the end of the period.
Notwithstanding the geopolitical instability, the increase in energy costs, and high inflation, the overall market outlook for Multiconsult's services is expected to remain good and stable with a solid activity level both in the public and private sector. Multiconsult holds a good portfolio of ongoing projects and a solid order backlog. Multiconsult generally experience a strong market in the traditional consultancy and engineering market within the construction industry. At the same time, Multiconsult is also exposed to the general uncertainty caused by a more unstable macro environment.
"Multiconsult delivered a strong quarter with a good result, good sales, and revenue growth. With increased capacity in a market with high activity our skilled workforce is able to meet the demands for competence related to complex challenges facing our clients. We experience that our robust business model based on a strong position in several business areas means we continue to win a good mix of large and small projects and are on schedule to deliver on our strategic ambitions and long-term profitable growth," says Grethe Bergly, CEO of Multiconsult ASA. "Going forward, we continue to monitor the development in the market and work closely with our clients and partners on the journey to develop and realise value-creating projects with a life-cycle perspective."
Second quarter 2022
Net operating revenues came in at NOK 1 048.5 million (986.8), an increase of 6.2 per cent compared to the same quarter last year. The increase in net operating revenues is impacted by revenues from acquired companies offset by a lower number of working days. Compared to the same period last year the organic growth in net operating revenues is estimated to 3.4 per cent after adjusting for the calendar effect and acquisitions. Higher average billing rates had a positive effect on net operating revenues compared to the same quarter last year.
Operating expenses increased by 12.0 per cent to NOK 923.5 million (824.5). The increase is mainly attributable to higher employee benefit expenses caused by added employees from prior acquisitions and ordinary salary adjustment. Other operating expenses increased on higher headcount and on increased expenditures in general as business activities return to a normal post Covid-19 situation.
EBITDA was NOK 125.0 million (162.3), a decrease of 23.0 per cent compared to the same period last year, reflecting an EBITDA margin of 11.9 per cent (16.5) in the quarter.
EBITA was NOK 74.7 million (114.6), reflecting an EBITA margin of 7.1 per cent (11.6) in the quarter.
Half year 2022
Net operating revenues increased by 11.2 per cent to NOK 2 186.6 million (1 965.9), when compared to the same period last year. The increase in net operating revenues is positively impacted by revenues from acquired companies. Billing ratio came in at 71.6 per cent which is at the same level as the comparable period. The billing rates continued to improve and contributed positively on net operating revenues when compared to the same period last year. Organic growth in the period was 2.5 per cent, adjusted for calendar effect and acquisitions.
Operating expenses consist mainly of employee benefit expenses and other operating expenses. Reported operating expenses increased by 11.1 per cent to NOK 1 841.5 million (1 656.9) driven by employees from prior acquisitions and increase in employee benefit expenses due to regular salary adjustment. Other operating expenses increased to NOK 259.3 million (206.9), partly an effect of operating expenses included from prior acquisitions, such as office expenses, and on general increase of expenditure due to a higher head count. In addition, other operating expenses increased in general as business activities return to a normal post Covid-19 situation.
EBITDA was NOK 345.1 million (309.0), an increase of 11.7 per cent compared to the same period last year.
EBITA was NOK 243.9 million (213.1), an increase of 14.5 per cent y-o-y, reflecting an EBITA margin of 11.2 per cent.
The overall market outlook for Multiconsult's four business areas remains generally strong and the opportunities in the pipeline are at a high level with some increased uncertainty. Multiconsult is expected to benefit from the growing market for long-term sustainable transformation within all business areas. This is driven by ongoing initiatives led by the industry and political initiatives. In addition, Multiconsult generally experience a strong market in the traditional consultancy and engineering market within the construction industry.
In the building and property market the long-term trend with sustainable transformation and rehabilitation is expected to continue. The infrastructure market is expected to continue at a high level and are expected to generate opportunities for Multiconsult. The renewable energy market is foreseen to increase due to the rise of energy demand and increasing energy costs, projects are currently starting up, post pandemic, and with a good pipeline. The maintenance lag in water- and wastewater infrastructure is significant, which together with a growing market for climate change adaptations, still suggests a good outlook in this area.
While the Covid-19 impact is diminishing, the Russian regime's invasion of Ukraine and a more unstable macro environment with general inflationary pressure now creates uncertainty. There is a higher than normal risk of delays and/or cancellations mainly as a result of budget cuts, cost overruns and cost increase in certain projects. The continued support and funding of public sector projects, as well as the timing of such projects, is of key importance to our business as potential delays or cancellations will impact our business negatively.
The order backlog and a solid order intake gives Multiconsult a good foundation to handle the continued uncertainties facing the economy and our industry.
For a full review of our report, please refer to our second quarter and half year 2022 report.
Presentations today 17 August 2022:
Participants are invited to attend the Norwegian presentation that will be held at Felix Conference Centre, Bryggetorget 3, Oslo, at 08:30 (CET). The results will also be presented through a live webcast: In Norwegian at 08:30 (CET) and in English presentation at 09:30 (CET). Participants will have the opportunity to submit questions online throughout the webcast sessions.
The Norwegian presentation at 08:30 (CET) can be accessed at:
https://channel.royalcast.com/landingpage/hegnarmedia/20220817_8/
The English presentation at 09:30 (CET) can be accessed at:
https://channel.royalcast.com/landingpage/hegnarmedia/20220817_9/
Live webcasts, complete report, presentation and a recording of the webcast will be available on www.multiconsult-ir.com and https://newsweb.oslobors.no/
For further information, please contact:
Investor relations:
Pål-Sverre Jørgensen, Group Treasurer & Investor Relations Officer
Phone: +47 416 11 161
E-mail: psmj@multiconsult.no ; ir@multiconsult.no
Media:
Gaute Christensen, VP Communications
Phone: +47 911 70 188
E-mail: gaute.christensen@multiconsult.no
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
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SOURCE Multiconsult | https://www.mysuncoast.com/prnewswire/2022/08/17/multiconsult-solid-second-quarter-half-year-result/ | 2022-08-17T06:06:22Z |
HOUSTON, Sept. 7, 2022 /PRNewswire/ -- The National Digital Inclusion Alliance (NDIA) announced today that Easter Seals Greater Houston will be one of 18 organizations that will launch the National Digital Navigator Corps.
The grant is part of a $10 million investment from Google.org, which will support the hiring of the community-based digital navigators alongside programmatic and technical support to further develop NDIA's digital navigator model for rural communities. Digital navigators at the 18 selected sub-grantee organizations, including at Easter Seals Greater Houston, will help thousands of residents to gain much-needed access to the internet, devices, and digital skills training.
Easter Seals Greater Houston will use the $389,000 grant to hire, train, and support a digital navigator, who will serve the community over a two-and-a-half year period. Expanding the capacity of BridgingApps with a rural digital navigator will enable ESGH to bring much-needed digital inclusion to some of the hardest to reach groups that could most benefit from support with broadband connectivity, device ownership, and digital skills to more fully participate in educational, economic, social, and civic opportunities.
"We are so grateful for NDIA's support of Easter Seals Greater Houston's BridgingApps Program to address the needs of our rural communities through Digital Navigators. Our community is stronger when we are all included." – Elise Hough, CEO, Easter Seals Greater Houston
"These grants are about more than just funding. By launching the National Digital Navigator Corps, we are extending the digital navigator model to areas of the United States lacking resources," said Angela Siefer, executive director of NDIA. "These digital navigators will open doors to residents to transform their lives by engaging in online opportunities, including education, workforce, citizen participation, and social activities."
The 18 National Digital Navigator Corps grantees are:
- Alaska Federation of Natives, AK (Tribal-led)
- Cayuse Native Solutions, OR (Tribal-led)
- Cherokee Nation Tribe, OK (Tribal-led)
- Community Broadband Action Network Corp, IA
- Community Service Programs of West Alabama, Inc., AL
- Computer Reach, PA
- Easter Seals of Greater Houston, Inc., TX
- Forest County Broadband Committee, WI (serving Tribal communities)
- Gila River Broadcasting Corporation: Digital Connect Initiative, AZ (Tribal-led)
- Hocking Athens Perry Community Action, OH
- Hoopa Valley Public Utilities District, CA (Tribal-led)
- Lummi Indian Business Council, WA (Tribal-led)
- National Digital Equity Center, ME (serving Tribal communities)
- Northwestern Ohio Community Action Commission, OH
- Pottsboro Area Public Library, TX
- Pueblo of Jemez, NM (Tribal-led)
- Shaping Our Appalachian Region, Inc., KY
- Washington State University Extension Grays Harbor County, WA (serving Tribal communities)
About Easter Seals Greater Houston: As a lead affiliate in our national network of 67 affiliates in 48 states, Easter Seals Greater Houston impacts people where they need us most — school, work, home, and in the community — from the critical first five years of life onward. Each year we directly serve over 14,500 people, providing early childhood and therapy services, mental health, employment programs, adult day programs, Military and Veterans' services, and more.
For children and adults with disabilities, for veterans and seniors, and for families and caregivers through Harris and 16 surrounding counties, ESGH is leading the way to full equity and inclusion through life changing disability and community services. With the help of our community, we are reducing poverty and addressing financial stability; Improving health care and employment, and empowering people of all ages and abilities to be full and equal participants in our community. Easter Seals of Greater Houston operates: Early Childhood Intervention; Respite Services; Toy/Tech & Play Groups, BridgingApps© (bridgingapps.org) ; High School/High Tech; Financial Education and Down Payment Assistance; Children's Therapy Services; The Caroline School, Camps, Case Management, Employment/Transition Services; Adult Recreation, and Military/Veterans Services. For more information about Easter Seals Greater Houston, visit www.eastersealshouston.org or visit us on Facebook and Twitter (@eastersealshou).
About National Digital Inclusion Alliance: NDIA advances digital equity by supporting community programs and equipping policymakers to act. Working collaboratively with more than 850 digital inclusion practitioners, NDIA advocates for broadband access, tech devices, digital skills training, and tech support. Please see more information and join the NDIA community at digitalinclusion.org.
About Google.org: Google.org, Google's philanthropy, supports nonprofits that address humanitarian issues and apply scalable, data-driven innovation to solving the world's biggest challenges. We accelerate their progress by connecting them with a unique blend of support that includes funding, products, and technical expertise from Google volunteers. We engage with these believers-turned-doers who make a significant impact on the communities they represent, and whose work has the potential to produce meaningful change. We want a world that works for everyone—and we believe technology and innovation can move the needle.
What Is a Digital Navigator?: Digital navigators are trusted guides who assist community members in internet adoption and the use of computing devices. Digital navigation services include ongoing one-on-one assistance with affordable internet access, device acquisition, technical skills, and application support. The digital navigator model is a holistic, community-based, digital inclusion program established by NDIA and developed by the NDIA community of digital inclusion practitioners. See more information and resources at digitalinclusion.org/dn.
Contact: Lauren Johnson, Public Relations Associate
Easter Seals Greater Houston
Ljohnson@eastersealshouston.org
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SOURCE Easter Seals Greater Houston | https://www.wibw.com/prnewswire/2022/09/07/easter-seals-greater-houston-named-ndia-national-digital-navigator-corps-grantee/ | 2022-09-07T21:12:36Z |
Which cheap party tents are best?
When hosting an outdoor event, it’s important to have a roof over your head. A party tent can keep the sun and rain out while also minimizing the amount of natural debris in your space. While you can invest quite a bit in a good one, it’s worth looking at affordable models if you’ll only use it occasionally. The good thing is, there are plenty of reasonably priced options.
Choosing a party tent
You can spend thousands on a 10-foot-by-30-foot canopy tent and get something that’s remarkably durable and can stay up for weeks without sagging or breaking. But not everyone needs that kind of performance or wants to make that kind of investment. Still, you do get what you pay for to a large extent with party tents.
You can expect to pay about $120 and up on a worthwhile party tent. Any less and you’re gambling on quality control, and the last thing you want is to show up to a campsite with brand-new broken equipment.
Types of party tents
Generally speaking, there are two types of affordable outdoor canopies. Instant-up models take little time to erect and are usually relatively lightweight. Wedding-style canopies are considerably different, requiring a good deal of time and usually multiple people to set up. The result is that wedding-style canopies tend to be more durable than instant-up models.
Tips for using party tents
- Set them up on flat ground: Hills and other uneven ground prevent the roof and walls from pulling taut, and will ultimately compromise the frame and joints.
- Look out for branches: If you’re in a wooded area, know that falling tree branches are a common cause of destroyed canopies.
- Be careful about wind: Few, if any, budget-friendly canopies can withstand heavy winds. Some can tolerate moderate winds. Make sure to stake down your tent thoroughly, whether it’s to ground stakes or sandbags.
- Exercise caution when cooking inside: It’s extremely popular to cook inside party tents and canopies. While many are made with fire-resistant materials, they’re not exactly fireproof. Make sure there’s adequate ventilation and enough space to avoid melting or burning the walls. You should also always have a fire extinguisher handy when cooking outdoors.
- Look for a higher denier: “Denier” is a measurement of the thickness of threads used to create fabrics. Textiles with a high denier count tend to be stronger than those with a low one.
Best cheap party tents
E-Z Up instant canopies are so popular and effective that people often use the brand name to refer to pop-up canopies in general. The Ambassador is the current go-to for festivalgoers, tailgate partiers, barbecue enthusiasts and anyone else who wants to keep the sun and rain away while enjoying outdoor events.
Sold by Amazon and Dick’s Sporting Goods
Measuring 10 by 10 feet and made with rugged materials including two layers of sewn fabric with sealed seams, this is perfect for food stalls at festivals or selling crafts at a farmer’s market. There are 10 colors to choose from, a durable oversized roller bag and a steep roof to ensure rain rolls off without pooling.
Sold by Amazon
Coos Bay Cool Spot Instant Gazebo
This premium option boasts a vented roof to help you stay cool on hot days in addition to integrated zippered mosquito netting to keep the bugs out. It’s made with 150-denier oxford fabric, comes in six colors and is backed by a one-year limited warranty.
Sold by Amazon
Complete with a peak vent, pre-taped seams and rugged fabric, the Core is head and shoulders above the common bargain basement pop-up tent. It takes roughly two minutes to set up and includes a wheeled carrying bag in addition to stakes and tie downs.
Sold by Amazon
This is a good choice for small or mid-sized groups at formal events that demand something a little nicer than an E-Z Up canopy. The fabric is surprisingly durable for the price and the windows let in plenty of light, but you’ll need help setting it up.
Sold by Home Depot
At first glance, it’s not really that cheap, but it is one of the lowest-priced 10-by-20-foot options that includes walls and has multiple windows. Its 210-denier fabric is thicker than most of the competition and the heavy-duty steel frame is powder coated to hold up over time.
Sold by Amazon
If you need a lot of space, it’s hard to do better than this 30-foot-wide tent that’s perfect for events such as buffets. It comes with relatively durable PVC piping and joints, and the mesh walls do a good job of keeping bugs out, but it’s considerably more difficult to assemble than an instant canopy.
Sold by Home Depot
It’s about as basic as this size of canopy comes and it’s perfect for keeping the hot sun off guests during festivities. However, it lacks walls, isn’t incredibly durable and definitely won’t stand up to heavy winds, so it won’t be suitable for all seasons and regions.
Sold by Home Depot
Leader Accessories Pop-Up Tent
One of the most affordable options to still offer long-term reliability, this 10-by-10-foot pop-up tent takes under a minute to put up and comes with everything needed to do so. It offers three height settings and generally performs well, but be aware that it’s more susceptible to wind damage than other, more rugged tents.
Sold by Amazon
American Phoenix Market Shelter
Despite its low price, the American Phoenix uses 410-denier fabric that can even withstand a falling tree branch here and there. You don’t need any tools to set it up and it’s highly resistant to water and ultraviolet rays, but it doesn’t come with walls or have a vent in the top.
Sold by Amazon
They don’t get much cheaper than the Sunnimax, which, despite its low price, has helpful features including a special lining that ensures waterproofing and 100% ultraviolet protection. It comes in six colors, can be adjusted to three heights and includes a roller bag plus four sandbags in case you’re unable to drive stakes into the ground.
Sold by Amazon
If rain’s in the forecast, this one’s a great choice due to its relatively high peak and steep roof, which do a good job of preventing pooling that threatens the integrity of the canopy and frame. It’s offered in six sizes in addition to a wide range of colors to fit your event perfectly.
Sold by Amazon
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Copyright 2022 BestReviews, a Nexstar company. All rights reserved. | https://cw33.com/reviews/br/patio-br/best-cheap-party-tent/ | 2022-04-27T19:04:12Z |
NEW YORK, April 25, 2022 /PRNewswire/ -- Sony Music Publishing today announced the promotion of Nick Bral to Vice President, Creative.
Bral will be responsible for managing songwriter relations and fostering creative collaboration on behalf of the company's U.S. roster. He will also continue to advance songwriter discovery and development efforts. Based in Los Angeles, he reports directly to Senior Vice President Creative Jennifer Knoepfle.
Bral works closely with top talent across Sony Music Publishing's roster including Dan Nigro, who he helped sign to the company in 2018 with SVP Creative Jennifer Knoepfle. Nigro recently achieved international acclaim for his collaborations with Olivia Rodrigo on her debut album SOUR including singles "drivers license," "good 4 u" and more.
Bral said, "I started my career at Sony Music Publishing almost a decade ago and I feel incredibly grateful to continue to grow hand in hand with a roster of top tier songwriting talent. I would like to thank Jon, Jenn, and Amanda for providing invaluable mentorship throughout my journey and I look forward to learning from Walter in this next chapter."
Senior Vice President Creative, Sony Music Publishing Jennifer Knoepfle said, "Nick has made great strides in identifying, signing and developing talent in his time at SMP. He is dedicated, focused, and goes above and beyond for his writers and artists time and time again."
Senior Vice President Creative, Sony Music Publishing Amanda Hill said, "Nick is a great publisher who provides exceptional service to our songwriters and continues to sign and develop amazing talent. Congratulations to Nick on his well-deserved promotion!"
Bral launched his A&R career at SMP over nine years ago, beginning as an A&R assistant for Knoepfle and Hill in 2013. Since joining the company, he has signed top talent including Conan Gray, known for his viral hit "Heather," and works closely with hitmakers such as Wallows, Rob Bisel, Mike Sabath, Gus Dapperton, and Lindgren, among many others.
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SOURCE Sony Music Publishing | https://www.wibw.com/prnewswire/2022/04/25/sony-music-publishing-promotes-nick-bral-vice-president-creative/ | 2022-04-25T16:43:56Z |
Expansion of NFP's community engagement features sponsorship of the PBN Sportsplex, a state-of-the-art athletic facility that will enhance the well-being of people across South Florida
PALM BEACH, Fla., June 24, 2022 /PRNewswire/ -- NFP, a leading property and casualty broker, benefits consultant, wealth manager and retirement advisor, today announced a long-term partnership with Palm Beach North Athletic Foundation (PBNAF). PBNAF is a 501(c)(3) not-for-profit corporation with a mission to develop and operate the PBN Sportsplex, a world-class indoor community recreation facility, providing people of all ages and abilities a safe, state-of-the-art environment to help them achieve their goals and develop the skills needed for success in life.
NFP's $1.25 million commitment to PBNAF includes a corporate contribution as well as individual contributions from NFP leadership for the development and operation of the PBN Sportsplex.
"We're excited to partner with Palm Beach North Athletic Foundation and be an active participant in a project that will bring tremendous benefit to families in and around Palm Beach County," said Doug Hammond, NFP's chairman and CEO. "We believe strongly in the positive impact of athletics – teamwork, discipline, mental and physical well-being – and the PBN Sportsplex will provide opportunities for people from all experiences and backgrounds to participate and thrive."
The PBN Sportsplex, a two-story, 213,000 square foot facility in the Gardens North County District Park, will utilize green building principles to increase energy and water efficiency. The facility will support a variety of activities, including team and individual sports, fitness and wellness, and with two ice rinks it will serve as a destination for Florida's rapidly growing hockey community.
"We're thrilled to partner with NFP, an organization that embraces our mission and shares our commitment to this community," said Michael Winter, founder and president of the PBNAF board. "Their engagement and guidance will be essential to realizing the full potential of the PBN Sportsplex project."
NFP's sponsorship will also include an opportunity to introduce unique grassroots programs from Valor Hockey, which focuses on an inclusive approach to building character, life skills and values through hockey. Created by Pat LaFontaine, one of the greatest players in National Hockey League history and an ambassador for NFP's Sports and Entertainment Group, this thinking will be integrated into the Foundation's hockey programs at the PBN Sportsplex.
"Valor programs are designed to redefine what it means to win and empower positive experiences through hockey that reflect shared values," said LaFontaine. "We all want to nurture happy, well-rounded and successful kids, so what they take away from playing hockey and other sports has to be more than just competitive results. Valor will differentiate the PBN Sportsplex from day one and set the standard for youth sports in Florida and across the country."
The partnership also aligns with NFP's commitment to communities where they live and work. "As we expand our presence in South Florida, it's a priority to proactively engage with the community and invest in initiatives beneficial to everyone," said Bill Austin, managing director at NFP in South Florida. "The PBN Sportsplex vision focuses on 'recreation for all' and we're proud to be a leader in bringing this vision to life."
NFP is a leading property and casualty broker, benefits consultant, wealth manager, and retirement advisor that provides solutions enabling client success through the expertise of over 6,900 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 9th best place to work for large employers in insurance, 7th largest privately-owned broker, 5th largest benefits broker by global revenue and 13th largest broker of US business (all rankings according to Business Insurance).
Visit NFP.com to discover how NFP empowers clients to meet their goals.
The Palm Beach North Athletic Foundation (PBNAF) is a non-profit 501(c)(3) comprised of passionate individuals committed to developing a state-of-the-art indoor multi-sport recreational facility in Palm Beach Gardens through a cooperative agreement with the city and county. The PBNAF's mission is to develop and operate a world-class indoor community recreation facility, providing people of all ages and abilities a safe, state-of-the-art environment to help them achieve their goals and develop the skills needed for success in life. Their vision is to create a lasting legacy in Palm Beach County, improving the quality of life for families by promoting healthy, active lifestyles through sports, while building community through shared experiences will help youth and adults develop their full potential, socially, physically, and emotionally. For more information visit https://pbnsportsplex.com/.
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SOURCE NFP Corp. | https://www.kxii.com/prnewswire/2022/06/24/nfp-establishes-long-term-partnership-with-palm-beach-north-athletic-foundation/ | 2022-06-24T15:02:07Z |
SAN FRANCISCO, June 15, 2022 /PRNewswire/ -- Neon, Inc., today announced the Technical Preview release of its cloud-native, fully managed Postgres at the WeAreDevelopers World Congress and Prisma Day in Berlin. Launching out of an invite-only Limited Preview, Neon's free tier offering is now available for everyone. Neon's innovative architecture maximizes the modern developer's efficiency and experience while minimizing cost.
The Hacker News community upvoted Neon as the number one trending topic on May 28. Neon's one-click start, bottomless storage, and autoscaling capabilities gained traction across the Postgres and wider development community.
"We're committed to our mission of creating an internet run on Postgres and supporting the next generation of developers," said Nikita Shamgunov, CEO of Neon. "Staying connected to the developer community, listening to their needs, and providing the tools to work smarter and faster are the first steps to reaching that goal."
Neon optimizes resources through decoupled storage and compute that automatically scales up for peak activity and down to zero on inactivity. Through a multi-tier cloud architecture, Neon provides bottomless storage and is currently compatible with Amazon S3, with more cloud storage providers to come.
"At scale, using Postgres alone is challenging," said Founders Fund Principal Leigh Marie Braswell. "Neon has built features that would've made my job as a developer easier in the past. The good news is that other developers can now take advantage of what Neon has to offer."
Neon impressed investors early, raising a combined $24 million during Seed and Series A funding rounds. With support from partners, including Prisma, Neon will continue to innovate – with plans to integrate more innovative tools for a new generation of developers. Neon showcases its commitment to open source values through its generous free tier and regular contributions to the DevOps community. With a robust feature roadmap, Neon looks forward to empowering developers to build with Postgres.
Neon is a cloud-native, fully managed Postgres as a service backed by an impressive list of top-tier investors, including Khosla Ventures, General Catalyst, and Founders Fund. By separating storage from compute, Neon offers autoscaling, one-click start, multi-cloud compatibility, and bottomless storage to give developers a simple, reliable, and powerful experience. With a generous free tier, developers can quickly start and efficiently scale at will. Learn more at neon.tech.
Contact: press@neon.tech
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SOURCE Neon | https://www.wibw.com/prnewswire/2022/06/15/neon-announces-launch-developer-friendly-multi-cloud-fully-managed-postgres/ | 2022-06-15T13:49:49Z |
(The Hill) – Rep. Adam Kinzinger (R-Ill.), a member of the House select committee investigating the Jan. 6 Capitol riot, said on Sunday that the committee is continuing to receive more testimony as its series of public hearings continue.
Kinzinger told CNN “State of the Union” co-anchor Dana Bash that new witnesses have come forward since Cassidy Hutchinson, a Trump official who served as an aide to White House Chief of Staff Mark Meadows, testified to the committee publicly last week.
“This happens every day,” Kinzinger said. “Every day we get new people that come forward and say, ‘hey, I didn’t think maybe this piece of the story that I knew was important, but now that you guys are — I do see this plays in here.’”
The committee had planned to pause its public hearings until later in July but suddenly scheduled last week’s hearing with Hutchinson one day prior.
Hutchinson testified that Trump knew the crowd gathered for his rally on Jan. 6 was armed, but she said he wanted the Secret Service to remove metal detectors on the edge of the Ellipse so more people would enter the security perimeter and fill empty space.
She also testified that Trump following the rally lunged for the steering wheel in his Secret Service vehicle in an attempt to join his supporters at the Capitol.
Members of the Secret Service who were in the car are reportedly prepared to testify that they were not assaulted by Trump and that the former president did not try to grab the steering wheel.
That response has led many Republicans to cast doubt on Hutchinson’s credibility. Kinzinger on Sunday declined to say what corroborating evidence the committee has to back up her claims.
“Cassidy Hutchinson has testified under oath,” Kinzinger said. “We find her credible, and anybody that wants to cast disparagement on that that was firsthand present should come and also testify under oath and not through anonymous sources.” | https://cw33.com/news/nexstar-media-wire/kinzinger-says-more-witnesses-have-come-forward-after-hutchinson-testimony/ | 2022-07-03T22:14:15Z |
Fitch Ratings warns of elections’ impact on Lebanese economy
By BASSEM MROUE
Associated Press
BEIRUT (AP) — A leading international credit ratings agency has warned that the results of this month’s parliamentary elections in Lebanon make it difficult for any coalition to have a governing majority, potentially complicating implementation of reforms. The Lebanese pound briefly hit new lows against the dollar shortly after Friday’s warning from Fitch Ratings, causing chaos in markets around the country. Lebanon is in the grips of the worst economic and financial crisis in its modern history. The crisis is rooted in decades of corruption and mismanagement by the political elites who have dominated the country. | https://localnews8.com/news/ap-national/2022/05/27/fitch-ratings-warns-of-elections-impact-on-lebanese-economy/ | 2022-05-27T20:20:27Z |
Which hardtop gazebo is best?
It’s frustrating when you want to spend more time outdoors but the weather won’t allow it. Shading you from the sun and protecting you from precipitation, hardtop gazebos let you get more use from your yard.
This type of gazebo is a sizable investment, so it’s important you get one that fits the bill. If you’re looking for something that’s durable, versatile and available in a range of sizes, the Purple Leaf Outdoor Hardtop Gazebo is an ideal choice.
What to know before you buy a hardtop gazebo
Materials
Hardtop gazebos can be made from a variety of materials, all of which have their advantages and disadvantages. Common materials include aluminum, steel, wood and vinyl.
- Aluminum: Lightweight and affordable, aluminum is a common choice for gazebos. However, it can feel slightly flimsy, so you may find frames made from aluminum alloys or with some steel parts.
- Steel: Steel is extremely strong but it’s heavy, so although it makes a sturdy gazebo, it can be tough to assemble an all-steel gazebo.
- Wood: Although it isn’t the most common choice of material, wooden gazebos have a classic look and are extremely durable if you remember to treat the wood annually. Wooden gazebos often have steel or vinyl roofs.
- Vinyl: You can find some gazebos made from a strong yet lightweight vinyl that looks like wood but is weatherproof so it doesn’t require treating. This is an expensive material, but it looks great and is low-maintenance.
Shape
Most gazebos are either square or rectangular. These are easy shapes to assemble, as they need just four corner posts and have simple four-sided roofs. However, you can also find a handful of hexagonal and octagonal gazebos. Some buyers greatly prefer this shape, but it’s worth remembering it takes a greater number of corner posts and more complex roof assembly.
Size
You can find hardtop gazebos in a range of sizes, from around 9 by 9 feet to 16 by 20 feet, so there’s an option to suit most yards. If you need a specific size of gazebo — for instance, to cover a hot tub — check whether the dimensions are measured from the posts or the widest part of the roof, as a small discrepancy could make a difference.
What to look for in a quality hardtop gazebo
Color
You can find a range of colors and finishes, though most are fairly muted, such as dark green, brown, black and copper.
Sides
Although you can find a small number of gazebos with removable hard sides, most feature soft curtain-style sides that you can pull around the edges when needed. These can be made of sheer mosquito-net material or waterproof material.
Vented roof
A vented roof allows more airflow to keep you cooler on hot days. It also reduces the amount of wind resistance the roof has, so the structure is less likely to be buffeted around or blown away in strong winds.
How much you can expect to spend on a hardtop gazebo
Small, basic hardtop gazebos start at around $700-$900, while large, elaborate ones can cost as much as $3,000-$5,000.
Hardtop gazebo FAQ
Can you use a gazebo year-round?
A. Yes, as long as your gazebo is durable and securely fixed in place, you can keep using it all year, enjoying your yard in all weathers. This makes hardtop models particularly well-suited to year-round use, as their solid canopies are far more durable than those on soft-top gazebos.
Where can I anchor a hardtop gazebo?
A. You can anchor your gazebo on your lawn or other soft ground using pegs, or into a hard standing such as concrete or patio paving using the right type of screws. It’s also possible to permanently fix a gazebo in place by concreting the posts into the ground, but check local zoning laws before you do so.
Are hardtop gazebos difficult to assemble?
A. This is relative — people with construction experience or who are heavily into DIY are likely to find this type of gazebo fairly straightforward to assemble, while those who’ve never assembled anything more than a flat-pack wardrobe may struggle.
Set aside a full day and enlist several helpers to get the job done. Alternatively, if you have little to no DIY experience, it’s best to hire professionals to do the assembly for you.
What’s the best hardtop gazebo to buy?
Top hardtop gazebo
Purple Leaf Outdoor Hardtop Gazebo
What you need to know: Made from aluminum and galvanized steel, this gazebo is built to last.
What you’ll love: The drainage system directs rainwater so it doesn’t simply flow off the side of the roof, while the vented roof reduces wind resistance and increases airflow. It comes in five sizes between 10 by 12 feet and 12 by 20 feet.
What you should consider: The assembly instructions are unclear, and after-purchase customer service could be improved.
Where to buy: Sold by Amazon
Top hardtop gazebo for the money
What you need to know: You can choose from plenty of options with this gazebo, including a range of roof materials and roof designs.
What you’ll love: The frame is made from a tough aluminum alloy and you can choose between a polycarbonate or an aluminum roof. There are several size options between 10 by 12 feet and 12 by 16 feet.
What you should consider: The roof panels feel somewhat flimsy compared to those on more expensive gazebos.
Where to buy: Sold by Amazon
Worth checking out
Sunjoy Chatham Steel Hardtop Gazebo
What you need to know: This highly durable gazebo is made from steel and aluminum.
What you’ll love: The mosquito netting curtains help keep bugs at bay while still allowing airflow on warm days. It has a vented roof to help keep you cool in the summer and to reduce wind resistance on blustery days.
What you should consider: It measures 10 by 12 feet, which is too small for some buyers.
Where to buy: Sold by Amazon
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Lauren Corona 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/lawn-garden-br/best-hardtop-gazebo/ | 2022-04-19T10:57:31Z |
Hourly to expand beyond California and scale its insurance operation nationwide
PALO ALTO, Calif. , June 3, 2022 /PRNewswire/ -- Hourly.io, a fast-growing workers' comp and payroll startup, today announced it has raised $27 million in Series A financing led by Glilot Capital Partners through its early growth fund, Glilot+. Additional backers include previous investors S Capital, MS&AD Ventures, J-Ventures and new to this round, Vintage Investment Partners and Upshot Ventures.
The Series A funding will help Hourly expand beyond the state of California, where it was founded. The company aims to scale its insurance platform nationwide.
Hourly's user-friendly platform fuses three complicated products—time and attendance, payroll, and workers' comp insurance—into one.
Traditionally, businesses use annual payroll estimates to calculate workers' comp premiums. But changes in staffing, workload, hours or pay often cause those estimates to vary significantly from reality. As a result, businesses overpay or underpay their workers' comp premiums, often by tens of thousands of dollars.
Co-founder and CEO Tom Sagi experienced those problems firsthand when he ran a small business himself. He partnered with Shay Litvak, a technologist with over 20 years of experience, to solve these problems and revolutionize the $50 billion workers' comp industry.
Lior Litwak, Managing Partner of Glilot+, Glilot Capital's early growth fund said: "Hourly.io is a game-changer for small businesses with a mobile workforce. The platform frees up thousands of hours spent on administrative work, eliminates surprise bills, and ultimately improves accountability. We are thrilled to join Hourly on its journey to completely revamp the workers' comp insurance sector."
Haim Sadger, a Founding Partner of S Capital who led Hourly's seed round in 2019 and is the second largest investor in the Series A, commented, "Hourly is a shining example of what can be done when talented people come together with a clear vision. That vision is to create a platform that lets any business owner manage all aspects of their hourly workforce in a matter of minutes using just a smartphone. They've built something really special, and the growth and positive feedback they're seeing from the market are testaments to that."
"Hourly completely eliminates uncertainty because payroll and workers' comp are connected. Now companies know exactly how much their coverage costs," said Sagi. "We're thrilled to expand Hourly out of California and give business owners across America a better way to pay their team, get a handle on their true labor costs, and better manage their workers' comp insurance."
Headquartered in Palo Alto, California, Hourly.io is an insurtech startup offering full-service payroll and workers' comp insurance for small and medium businesses with hourly workers. Powered by real-time data, Hourly's platform ensures running payroll is as quick as pressing a button and that you get accurate workers' comp premiums down to the penny. For more information, visit www.hourly.io.
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SOURCE Hourly, Inc. | https://www.wibw.com/prnewswire/2022/06/03/hourlyio-workers-comp-payroll-platform-hourly-workers-announces-27m-series/ | 2022-06-03T18:25:56Z |
SHANGHAI, Aug. 5, 2022 /PRNewswire/ -- 111, Inc. (NASDAQ: YI) ("111" or the "Company"), a leading tech-enabled healthcare platform company committed to digitally connecting patients with medicine and healthcare services in China, today announced that it will report its unaudited financial results for the second quarter ended June 30, 2022, before the U.S. market opens on Thursday, August 25, 2022.
111's management team will host an earnings conference call at 7:30 AM U.S. Eastern Time on Thursday, August 25, 2022 (7:30 PM Beijing Time on the same day).
Details for the conference call are as follows:
Conference Topic: 111, Inc. Second Quarter 2022 Earnings Conference Call Registration Link: https://register.vevent.com/register/BIe34d5c00196d4d91902c11871b843104
All participants must use the link provided above to complete the online registration process in advance of the conference call. Upon registering, each participant will receive a set of participant dial-in numbers, the Direct Event passcode, and a unique Registration ID, which can be used to join the conference call.
Please dial in 15 minutes before the call is scheduled to begin and provide the Direct Event passcode and unique Registration ID you have received upon registering to join the call.
About 111, Inc.
111, Inc. (NASDAQ: YI) ("111" or the "Company") is a leading tech-enabled healthcare platform company committed to digitally connecting patients with medicine and healthcare services in China. The Company provides consumers with better access to pharmaceutical products and healthcare services directly through its online retail pharmacy, 1 Pharmacy, and indirectly through its offline virtual pharmacy network. The Company also offers online healthcare services through its internet hospital, 1 Clinic, which provides consumers with cost-effective and convenient online consultation, electronic prescription service, and patient management service. In addition, the Company's online platform, 1 Medicine Marketplace, serves as a one-stop shop for pharmacies to source a vast selection of pharmaceutical products. With the largest virtual pharmacy network in China, 111 enables offline pharmacies to better serve their customers with cloud-based services. 111 also provides an omni-channel drug commercialization platform to its strategic partners, which includes services such as digital marketing, patient education, data analytics, and pricing monitoring.
For more information on 111, please visit: http://ir.111.com.cn/.
For further information: For more information, please contact: 111, Inc., Investor Relations, Email: ir@111.com.cn; 111, Inc., Media Relations, Email: press@111.com.cn, Phone: +86-021-2053 6666 (China)
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SOURCE 111, Inc. | https://www.mysuncoast.com/prnewswire/2022/08/05/111-announce-second-quarter-2022-unaudited-financial-results-august-25-2022-conference-call-follow/ | 2022-08-05T07:40:21Z |
Excluding significant items, quarterly earnings per common share of $0.52 (1)
Excluding significant items, record full fiscal year earnings per common share of $2.51 (1)
Fiscal 2022 common share year dividend payout increased 28% year-over-year
TORONTO, June 2, 2022 /PRNewswire/ - Canaccord Genuity Group Inc. (Canaccord Genuity Group, the Company) (TSX: CF) today announced its financial results for the fourth quarter and fiscal year ended March 31, 2022.
"Our fourth quarter and fiscal 2022 results demonstrate the underlying strength of our franchise and the benefit of targeted investments to increase contributions from our wealth management and advisory businesses, which help to offset the inherent volatility of our investment banking segment," said Dan Daviau, President & CEO of Canaccord Genuity Group Inc.
"While we expect that the coming months will present new challenges and uncertainty, our firmwide commitment to protecting value for our clients and shareholders has never been stronger. We begin fiscal 2023 with confidence that our business is optimally positioned to deliver profitability through the economic cycle."
Fourth quarter and fiscal 2022 highlights:
(All dollar amounts are stated in thousands of Canadian dollars unless otherwise indicated)
- Fourth quarter revenue excluding significant items (1) of $490.8 million ($499.8 million on an IFRS basis)
- Fiscal 2022 revenue of $2.0 billion, up 1.9% year-over-year and our highest annual revenue on record
- Fourth quarter net income before taxes excluding significant items(1) of $94.5 million, a decrease of 48.4% ($96.5 million and a year-over-year decrease of 48.6% on an IFRS basis) when compared to the record results in Q4/21
- Fiscal 2022 net income before taxes excluding significant items(1) of $417.6 million, an improvement of 8.2% year-over-year ($378.3 million and a year-over-year increase of 2.3% on an IFRS basis)
- Excluding significant items (1), quarterly diluted earnings per common share for the fourth fiscal quarter of $0.52 ($0.53 per share on an IFRS basis)
- Excluding significant items (1), diluted earnings per common share for fiscal 2022 of $2.51 ($2.16 per share on an IFRS basis)
- Record fiscal 2022 capital markets advisory revenue of $488.6 million, a year-over-year improvement of 152.5%
- Total client assets(1) in our global wealth management business of $96.1 billion, an increase of 8.2% from Q4/21 reflecting year-over-year increases of 17.5% in Canada, 1.0% in the UK & Crown Dependencies, and 26.6% in Australia
- During fiscal 2022, the Company announced acquisitions to increase the long-term value and market position of its wealth management business in the UK & Crown Dependencies and its US capital markets business
- Purchased 6,451,612 common shares for cancellation under the substantial issuer bid and 3,401,116 common shares for cancellation under our normal course issuer bid (NCIB) during the year ended March 31, 2022
- Fourth quarter common share dividend of $0.085 per share; total common share dividends for fiscal 2022 increased 28% year-over-year, reflecting continued strong contributions from our global wealth management businesses
- Capital deployment initiatives in fiscal 2022 resulted in the return of $176.1 million to common shareholders through common share dividends and buybacks, which included a $100 million substantial issuer bid and continued Normal Course Issuer Bid (NCIB) activity
Core business performance highlights:
Canaccord Genuity Wealth Management
The Company's combined global wealth management operations earned revenue of $174.3 million for the fourth fiscal quarter, a year-over-year decrease of 12.5% primarily due to the anticipated reduction in investment banking activity in our North American business. Revenue for the fiscal year amounted to $720.4 million, an increase of 8.6% compared to the prior year. Excluding significant items(1), pre-tax net income decreased by 34.9% year-over year to $29.2 million for the fourth quarter and increased by 9.8% to $148.5 million for the fiscal year. On an IFRS basis, pre-tax net income decreased by 40.6% and increased by 3.6% for the fourth quarter and fiscal 2022 compared to the same period in the prior year. Firm-wide client assets were $96.1 billion at March 31, 2022, a year-over-year increase of 8.2%.
- Wealth management operations in the UK & Crown Dependencies generated $80.3 million in revenue and, excluding significant items(1), recorded net income of $23.5 million before taxes in Q4/22. In fiscal 2022, this business generated revenue of $310.5 million and excluding significant items(1), recorded net income of $84.8 million before taxes.
- Canaccord Genuity Wealth Management (North America) generated $76.2 million in revenue and before taxes, recorded net income of $5.1 million in Q4/22. In fiscal 2022, this business generated revenue of $335.3 million and, excluding significant items(1), recorded net income of $56.3 million before taxes.
- Wealth management operations in Australia generated $17.8 million in revenue and, excluding significant items(1), recorded net income of $0.6 million before taxes in Q4/22. In fiscal 2022, this business generated revenue of $74.6 million and, excluding significant items(1), recorded net income of $7.3 million before taxes
Revenue in the Company's North American wealth management business decreased by 28.8% in Q4/22 compared to the same period in the prior year, due to lower new issue activity when compared to the near record new issue activity in the fourth quarter of the prior fiscal year. The fiscal 2022 revenue contribution from this business amounted to $335.3 million, an increase of 3.5% compared to the prior year. Average AUA per Investment Advisory team improved by 16.7% year-over-year on new asset growth and the impact of higher ECM opportunities in the first half of fiscal 2022. Commissions and fees revenue for the fourth fiscal quarter declined by 8.3% year-over-year to $58.4 million and increased by 14.6% to $227.5 million for the fiscal year, a record for this business. Interest income in this business increased 63.7% year-over-year for both Q4/22 and fiscal 2022, to $5.3 million and $18.9 million respectively.
We continue to evaluate a range of opportunities for profitable growth in our Canadian wealth management business while advancing our technology and product offerings aimed at helping Investment Advisors grow their businesses. Our recruiting pipeline remains strong.
Revenue in the Company's UK & Crown Dependencies wealth management business amounted to $80.3 million for the fourth quarter and $310.5 million for the fiscal year, increases of 7.2% and 12.0% respectively, primarily due to higher commissions and fees revenue and interest income attributable to the higher interest rate environment. Commissions and fees revenue earned in this business reached a new record of $301.9 million for fiscal 2022, an increase of 10.7% from the prior year. Excluding significant items(1), the pre-tax profit margin in this business increased by 3.7 percentage points to 29.3% for the three-month period and increased by 3.8 percentage points to 27.3% for the fiscal year.
Subsequent to the end of the fiscal year, on May 31, 2022, this business completed its acquisition of Punter Southall Wealth (PSW). PSW currently has approximately $7.9 billion (£4.8 billion) in client assets and generated annual revenue of approximately $60.0 million (£34.7 million) for the year ended December 31, 2021. The Company will continue to pursue growth of this business through organic growth and by leveraging its financial partnerships to pursue accretive opportunities.
The Company's Australian wealth management business earned revenue of $17.8 million in the fourth quarter and $74.6 million for the fiscal year, representing year-over-year increases of 3.1% and 19.9% respectively. Commissions and fees revenue for the fiscal year reached a new record of $57.7 million, an increase of 11.9% compared to the prior year. The number of investment advisors in this business increased by 4.5% year-over-year, reflecting strong recruiting momentum.
Total client assets in the Company's global wealth management businesses at the end of the fourth fiscal quarter amounted to $96.1 billion, an increase of $7.3 billion or 8.2% from March 31, 2021.
- Client assets in North America were $37.9 billion as at March 31, 2022, an increase of 1.1% from $37.5 billion at the end of the previous quarter and an increase of 17.5% from $32.2 billion at March 31, 2021.
- Client assets in the UK & Crown Dependencies were $52.8 billion (£32.1 billion) as at March 31, 2022, a decrease of 11.1% from $59.4 billion (£34.8 billion) at the end of the previous quarter, and an increase of 1.0% from $52.3 billion (£30.2 billion) at March 31, 2021.
- Client assets in Australia held in our investment management platforms were $5.4 billion (AUD$ 5.7 billion) as at March 31, 2022, an increase of 5.7% from $5.1 billion (AUD$ 5.5 billion) as at December 31, 2021 and an increase of 26.6% from $4.2 billion (AUD$ 4.4 billion) at March 31, 2021. In addition to client assets held in our investment management platforms, client assets totalling $17.5 billion (AUD$ 18.6 billion) are also held in non-managed accounts.
Canaccord Genuity Capital Markets
Globally, Canaccord Genuity Capital Markets earned revenue of $312.0 million for the fourth fiscal quarter, representing a decrease of 35.9% from the record set in Q4/21, largely reflecting the anticipated decrease in investment banking revenue and principal trading revenue in our US and Canadian operations. Our combined global capital markets businesses contributed revenue of $1.3 billion for the fiscal year, a year-over-year decrease of 0.7%. Firm-wide advisory revenue for the three- and 12-month periods increased 85.6% and 152.5% year-over-year to $121.6 million and $488.6 million, which is a new full-year-record for this segment. Excluding significant items(1), this segment contributed pre-tax net income of $73.4 million for the fourth quarter and $324.6 million for the fiscal year, compared to $155.1 million in Q4/21 and $324.9 million in the previous fiscal year.
- Canaccord Genuity Capital Markets led or co-led 47 investment banking transactions globally, each over $1.5 million, raising total proceeds of $3.3 billion during Q4/22.
- Canaccord Genuity Capital Markets led or co-led 329 investment banking transactions globally, each over $1.5 million, raising total proceeds of $13.5 billion during fiscal 2022.
- Canaccord Genuity Capital Markets participated in 102 investment banking transactions globally, including led or co-led, raising total proceeds of $11.8 billion during Q4/22.
- Canaccord Genuity Capital Markets participated in a total of 596 investment banking transactions globally, including led or co-led, raising total proceeds of $61.2 billion during fiscal 2022.
The Company's US capital markets business was the largest contributor of revenue for the three-month period, with revenue of $146.5 million, or 47.0% of total global capital markets revenue. Declines in investment banking and trading revenue during the fourth quarter were partially offset by strong advisory activity, which included contributions from our recent acquisition of Sawaya . Fourth quarter advisory revenue increased 195.3% year-over-year to $64.8 million, bringing advisory revenue for the fiscal year to a record $317.0 million, an increase of 218.8% compared to the prior fiscal year. Investment banking revenue for the three-month period decreased by 78.7% to $15.1 million when compared to the extraordinary record set in the fourth quarter of the prior year. For fiscal 2022, investment banking revenue decreased by 35.2% year-over-year to $110.0 million, reflecting the impact of the expected broad market decline that began in the second half of fiscal 2022. Principal trading revenue also decreased by 49.6% from the prior year's record, to $37.9 million in the fourth quarter due to lower trading volume and activity. Excluding significant items(1), the pre-tax profit margin in this business was 24.2% for the fourth quarter and 23.6% for the fiscal year, increases of 0.8 percentage points and 4.4 percentage points respectively.
Fourth quarter revenue of $74.5 million in our Canadian capital markets operations remained strong by historical standards but decreased by 62.6% when compared to the record set in Q4/21. This business set new quarterly and fiscal year records in advisory revenue, which amounted to $35.0 million in the fourth fiscal quarter and $105.0 million for the fiscal year, representing year-over-year increases of 12.8% and 65.5% respectively. Fourth quarter investment banking, principal trading, and commissions and fees revenue declined by 83.5%, 74.9% and 43.8% respectively when compared to the same period in the prior year. This business continues to be a top-ranked domestic underwriter in Canada and a leading underwriter for initial public offerings. Excluding significant items(1), the pre-tax profit margin in this business was 24.5% for the fourth quarter and 30.6% for the fiscal year, representing decreases of 22.5 percentage points and 5.2 percentage points from the prior year's quarterly and full-year records, but remained comfortably above historic levels.
Fourth quarter revenue earned by our Australian capital markets business increased 29.0% year-over-year to $61.8 million, reflecting a 25.0% increase in investment banking revenue and a 98.4% increase in commissions and fees revenue when compared to the same period a year ago. This business contributed revenue of $174.1 million for the fiscal year, a decrease of 4.7% compared to the prior year's record, and substantially above historic levels. This performance was largely driven by the robust environment for underwriting activities in our focus sectors and also includes unrealized gains in certain inventory and warrant positions earned in respect of investment banking activity. Excluding significant items(1), the pre-tax profit margin in this business increased by 9.8 percentage points to 29.5% for the fourth quarter and increased by 2.1 percentage points to 29.0% for the fiscal year.
Revenue in our UK operations decreased by 19.1% for the three-month period driven mainly by lower investment banking revenue. Advisory revenue in this business was $21.7 million for the fourth quarter and $66.6 million for the fiscal year, representing year-over-year increases of 73.9% and 117.8% respectively, and the second highest quarterly and annual contributions for this segment on record. Excluding significant items (1), our UK & Europe capital markets business earned pre-tax net income of $1.5 million for the fourth quarter, increasing its pre-tax net income contribution for the year to $11.7 million, a year-over-year improvement of 269.5% and the highest amount since fiscal 2014. The pre-tax profit margin in this business excluding significant items(1) , was 5.0% for the fourth quarter and 9.7% for the fiscal year.
Summary of Corporate Developments
On February 1, 2022, the Company announced the results of the substantial issuer bid which commenced on December 22, 2021 and expired on January 27, 2022. The Company purchased for cancellation 6,451,612 of its common shares at a purchase price of $15.50 per share for aggregate consideration of approximately $100.0 million.
On May 24, 2022, the Company announced that it does not intend to exercise its option to redeem the Series C Preferred Shares on June 30, 2022. The Company has the option to redeem on June 30 every five years thereafter, in whole or in part, at $25.00 per share together with all declared and unpaid dividends.
On May 31, 2022, the Company announced that through its wealth management business in the UK ("CGWM UK"), it has completed its previously announced acquisition of Punter Southall Wealth ("PSW"), including the intermediary-facing brand Psigma. In connection with completion of the acquisition, CGWM UK added £100 million (C$169.2 million) to its existing bank facility. In addition, HPS Investment Partners, LLC on behalf of investment accounts and funds it manages made an additional investment in CGWM UK on closing of the acquisition through the purchase of a new series of convertible preferred shares of CGWM UK in the amount of £65.3 million (C$110.5 million). Cumulative dividends will be payable by CGWM UK on the new convertible preferred shares at the greater of an annual 7.5% coupon and the proportionate share that such shares would receive on an as converted basis. The new convertible preferred shares will also carry customary minority rights in respect of CGWM UK governance and financial matters, a liquidation preference, and call protections.
On June 1, 2022, the Company announced the reset of the dividend rate on its Series C Preferred Shares. Quarterly cumulative cash dividends, as declared, are paid at an annual rate of 4.993% for the five- year period ending on and including June 30, 2022. Commencing July 1, 2022 and ending on and including June 30, 2027, quarterly cumulative dividends, if declared, will be paid at an annual rate of 6.837%. The dividend rate will be reset every five years at a rate equal to the five-year Government of Canada yield plus 4.03%.
Results for the Fourth Quarter of Fiscal 2022 and year ended March 31, 2022 were impacted by the following significant items:
- Fair value adjustments on certain illiquid or restricted marketable securities recorded for IFRS reporting purposes, but which are excluded for management reporting purposes and are not used by management to assess operating performance
- Amortization of intangible assets acquired in connection with business combinations
- Acquisition-related costs in connection with the acquisition of Adam & Company as well as other prospective acquisition opportunities of CGWM UK
- Certain incentive-based costs related to the acquisition and growth initiatives in the US capital markets and CGWM UK wealth operations
Summary of Results for Q4 Fiscal 2022 and Year Ended March 31, 2022 and Selected Financial Information Excluding Significant Items(1):
Diluted earnings per common share (diluted EPS) is computed using the treasury stock method, giving effect to the exercise of all dilutive elements. The Convertible Preferred Shares issued by CGWM UK are factored into the diluted EPS by adjusting net income attributable to common shareholders of the Company to reflect our proportionate share of CGWM UK's earnings on an as converted basis if the calculation is dilutive. For the quarter ended March 31, 2022, the effect of reflecting our proportionate share of CGWM UK's earnings is dilutive for diluted EPS purposes under IFRS as well as for the purpose of determining diluted EPS excluding significant items (1). Accordingly, net income attributable to common shareholders for the fourth quarter of fiscal 2022 reflects the Company's proportionate share of CGWM UK's net income on an as converted basis.
The effect of reflecting the proportionate share of CGWM UK's net income excluding significant items(1) is only dilutive for the third and fourth quarters of fiscal 2022. For the year ended March 31, 2022, the effect is anti-dilutive under IFRS for diluted EPS purposes but dilutive for the purpose of determining diluted EPS excluding significant items(1). As such, the diluted EPS under IFRS for fiscal 2022 is computed based on net income attributable to common shareholders less accrued dividends on the Convertible Preferred Shares issued by CGWM UK.
Financial Condition at the End of Fourth Quarter Fiscal 2022 vs. Fourth Quarter of Fiscal 2021:
- Cash and cash equivalents balance of $1.8 billion, a decrease of $95.0 million from $1.9 billion
- Working capital of $794.4 million, an increase of $ 241.9 million from $552.5 million
- Total shareholders' equity of $1.2 billion, an increase of $71.0 million from $1.1 billion
Common and Preferred Share Dividends:
On June 2, 2022, the Board of Directors approved a dividend of $0.085 per common share, payable on June 30, 2022, with a record date of June 17, 2022.
On June 2, 2022, the Board approved a cash dividend of $0.25175 per Series A Preferred Share payable on June 30, 2022 to Series A Preferred shareholders of record as at June 17, 2022.
On June 2, 2022, the Board approved a cash dividend of $0.31206 per Series C Preferred Share payable on June 30, 2022 to Series C Preferred shareholders of record as at June 17, 2022.
Non-IFRS Measures
Certain non-IFRS measures, non-IFRS ratios and supplementary financial measures are utilized by the Company as measures of financial performance. Non-IFRS measures, non-IFRS ratios and supplementary financial measures do not have any standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies.
Management believes that these non-IFRS measures, non-IFRS ratios and supplementary financial measures allow for a better evaluation of the operating performance of the Company's business and facilitate meaningful comparison of results in the current period to those in prior periods and future periods. Non-IFRS measures presented in this earnings release include certain figures from our statement of operations that are adjusted to exclude significant items. Although figures that exclude significant items provide useful information by excluding certain items that may not be indicative of the Company's core operating results, a limitation of utilizing these figures that exclude significant items is that the IFRS accounting effects of these items do in fact reflect the underlying financial results of the Company's business. Accordingly, these effects should not be ignored in evaluating and analyzing the Company's financial results. Therefore, management believes that the Company's IFRS measures of financial performance and the respective non-IFRS measures should be considered together.
Non-IFRS Measures (Adjusted Figures)
Figures that exclude significant items provide useful information by excluding certain items that may not be indicative of the Company's core operating results. Financial statement items that exclude significant items are non-IFRS measures. To calculate these non-IFRS financial statement items, we exclude certain items from our financial results prepared in accordance with IFRS. The items which have been excluded are referred to herein as significant items. The following is a description of the composition of the non-IFRS measures used in this earnings release (note that some significant items excluded may not be applicable to the calculation
of the non-IFRS measures for each comparative period): (i) revenue excluding significant items, which is composed of revenue per IFRS less any applicable fair value adjustments on certain illiquid or restricted marketable securities as recorded for IFRS reporting purposes but which are excluded for management reporting purposes and are not used by management to assess operating performance; (ii) expenses excluding significant items, which is composed of expenses per IFRS less any applicable amortization of intangible assets acquired in connection with a business combination, acquisition-related expense items, which includes costs recognized in relation to both prospective and completed acquisitions, certain incentive-based costs related to the acquisitions and growth initiatives in CGWM UK and US capital markets, costs associated with the redemption of convertible debentures, costs associated with the reorganization of CGWM UK, and fair value adjustments to the derivative liability component of non-controlling interests in CGWM UK; (iii) net income before taxes excluding significant items, which is composed of revenue excluding significant items less expenses excluding significant items; (iv) income taxes (adjusted), which is composed of income taxes per IFRS adjusted to reflect the associated tax effect of the excluded significant items; (v) net income excluding significant items, which is composed of net income before income taxes excluding significant items less income taxes (adjusted); (vi) non-controlling interests (adjusted), which is composed of non-controlling interests per IFRS less the amortization of the equity component of non-controlling interests in CGWM UK; and (vii) net income attributable to common shareholders excluding significant items, which is composed of net income excluding significant items less non-controlling interests (adjusted) and preferred share dividends paid on the Series A and Series C Preferred Shares.
A reconciliation of non-IFRS measures that exclude significant items to the applicable IFRS measures from the audited consolidated financial statements for fiscal 2022 can be found above in the table entitled "Summary of results for Q4 fiscal 2022 and year ended March 31, 2022 and selected financial information excluding significant items".
Non-IFRS Ratios
Non-IFRS ratios are calculated using the non-IFRS measures defined above. For the periods presented herein, we have used the following non-IFRS ratios: (i) total expenses excluding significant items as a percentage of revenue, which is calculated by dividing expenses excluding significant items by revenue excluding significant items; (ii) earnings per common share excluding significant items, which is calculated by dividing net income attributable to common shareholders excluding significant items by the weighted average number of common shares outstanding (basic); (iii) diluted earnings per common share excluding significant items which is calculated by dividing net income attributable to common shareholders excluding significant items by the weighted average number of common shares outstanding (diluted); and (iv) pre-tax profit margin which is calculated by dividing net income before taxes excluding significant items by revenue excluding significant items.
Supplementary Financial Measures
Client assets are supplementary financial measures that do not have any definitions prescribed under IFRS but do not meet the definition of a non-IFRS measure or non-IFRS ratio. Client assets, which include both assets under management (AUM) and assets under administration (AUA), is a measure that is common to the wealth management business. Client assets is the market value of client assets managed and administered by the Company from which the Company earns commissions and fees. This measure includes funds held in client accounts as well as the aggregate market value of long and short security positions. The Company's method of calculating client assets may differ from the methods used by other companies, and therefore these measures may not be comparable to other companies. Management uses these measures to assess operational performance of the Canaccord Genuity Wealth Management business segment.
ACCESS TO QUARTERLY RESULTS INFORMATION
QUARTERLY CONFERENCE CALL AND WEBCAST PRESENTATION
Interested parties are invited to listen to Canaccord Genuity's fourth quarter and fiscal 2022 results conference call via live webcast or a toll-free number. The conference call is scheduled for Friday, June 3, 2022 at 8:00 a.m. Eastern time, 5:00 a.m. Pacific time, 1:00 p.m. UK time, 8:00 p.m. China Standard Time, and 10:00 pm Australia EDT. During the call, senior executives will comment on the results and respond to questions from analysts and institutional investors.
The conference call may be accessed live and will also be archived on a listen-only basis at: www.cgf.com/investor-relations/news-and-events/conference-calls-and-webcasts/
Analysts and institutional investors can call in via telephone at:
- 416-764-8609 (within Toronto)
- 888-390-0605 (toll free in North America outside Toronto)
- 0-800-652-2435 (toll free from the United Kingdom)
- 0-800-916-834 (toll free from France)
- 10-800-714-1938 (toll free from Northern China)
- 10-800-140-1973 (toll free from Southern China)
- 1-800-076-068 (toll free from Australia)
- 80-003-570-3632 (toll free from United Arab Emirates)
Please ask to participate in the Canaccord Genuity Group Inc. Q4 and fiscal 2022 results call. If a passcode is requested, please use 63940494.
A replay of the conference call will be made available from approximately two hours after the live call on June 3, 2022, until August 3, 2022 at 416-764-8677 or 1-888-390-0541 by entering passcode 940494 followed by the (#) key.
ABOUT CANACCORD GENUITY GROUP INC.:
Through its principal subsidiaries, Canaccord Genuity Group Inc. (the Company) is a leading independent, full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and capital markets. Since its establishment in 1950, the Company has been driven by an unwavering commitment to building lasting client relationships. We achieve this by generating value for our individual, institutional and corporate clients through comprehensive investment solutions, brokerage services and investment banking services. The Company has wealth management offices located in Canada, the UK, Guernsey, Jersey, the Isle of Man and Australia. The Company's international capital markets division operates in North America, the UK & Europe, Asia, Australia and the Middle East.
Canaccord Genuity Group Inc. is listed under the symbol CF on the TSX.
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SOURCE Canaccord Genuity Group Inc. | https://www.mysuncoast.com/prnewswire/2022/06/02/canaccord-genuity-group-inc-reports-fourth-quarter-fiscal-2022-results/ | 2022-06-03T00:53:56Z |
Walmart seeks to dismiss lawsuit by FTC over money transfers
NEW YORK (AP) — Walmart filed a motion on Monday to dismiss a lawsuit by the Federal Trade Commission in June that accused the nation’s largest retailer of allowing its money transfer services to be used by scam artists, calling it an “egregious instance of agency overreach.”
In its lawsuit, the FTC alleged that for years, Walmart failed to properly secure the money transfer services offered at its stores, stealing “hundreds of millions of dollars” from customers. The agency said Walmart didn’t properly train its employees, failed to alert customers, and used procedures that allowed fraudsters to cash out at its stores. The FTC had asked the court to order Walmart to return money to consumers and to impose civil penalties on the company.
In a 41-page document, filed in U.S. District Court for the Northern District of Illinois Eastern Division, Walmart laid out a number of what it called legally flawed claims, including that the agency lacked “constitutionally valid authority to sue for money or injunctive relief.” It said that the FTC is trying to hold Walmart liable for the criminal actions of completely unrelated third-party fraudsters even as Walmart has embraced a number of steps to stop such scamming.
Walmart argued that the agency is trying to contort a regulation called the Telemarketing Sales Rule that was aimed to go after telemarketers and those who actively help them but that Walmart is neither. Walmart also took issue with the FTC’s claim that Walmart allegedly engaged in an “unfair” act or practice, or any ongoing or imminent misconduct under Section 5 of the FTC Act.
“To be clear, Walmart is now—and always has been—dedicated to its customers and shares the FTC’s goal of protecting customers from fraudsters,” the Walmart filing said. “But this lawsuit is an egregious instance of agency overreach.”
Walmart stores let shoppers to transfer money using three providers — MoneyGram, Ria Financial Services, and Western Union Co.
Walmart, based in Bentonville, Arkansas, said it has developed and implemented a host of anti-fraud measures—including customer warnings and employee trainings. Based on data available to Walmart, out of nearly 200 million money-transfer transactions processed at its U.S. namesake stores between 2015 and 2020, less than 0.08% were reportedly the product of fraud, according to the Walmart filing. And it said that some of that reported fraud may not be fraud at all, making the actual fraud rate even smaller.
In its argument by Walmart that the FTC overreached in its authority, Walmart cited a April 2021 Supreme Court case that makes it difficult for the agency to engage in a long-time practice of seeking to recover ill-gotten gains from individuals or companies that steal from consumers. As a result of the ruling, the agency will now have to rely on other lengthier and more complicated legal maneuvers to recoup dollars from defrauded individuals.
FTC officials couldn’t be immediately reached for comment.
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Copyright 2022 The Associated Press. All rights reserved. | https://www.mysuncoast.com/2022/08/29/walmart-seeks-dismiss-lawsuit-by-ftc-over-money-transfers/ | 2022-08-29T19:16:32Z |
New brand identity highlights company leadership in advancing innovative "scar-free" technology for endoluminal robotic surgeries.
HOUSTON, June 30, 2022 /PRNewswire/ -- ColubrisMX, Inc., developer of the world's first flexible endoluminal robotic system which enables scar-free and less invasive surgical procedures, today announced that the Company has rebranded to ENDOQUEST Robotics™ ("ENDOQUEST"). The Company also announced the simultaneous launch of its new website, www.endoquestrobotics.com.
"Since being founded, our company has made rapid progress in the development of technologies that represent historic advances in endoluminal surgery, with the potential to bring millions of patients access to procedures that are less invasive and scar-free," said Kurt Azarbarzin, Chief Executive Officer of ENDOQUEST Robotics. "This rebranding as ENDOQUEST Robotics reinforces our commitment to being the leader in innovation in flexible robotic technology for a wide range of needs in endoscopic surgeries in the years ahead."
ENDOQUEST's advanced robotic platform enables therapeutic endoscopists and surgeons to perform endoluminal surgeries through the body's existing lumens, eliminating the need for incisions that lead to visible scarring. ENDOQUEST's Endoluminal Surgical (ELS) System combines the flexibility of conventional endoscopy with the advantages of traditional surgical techniques that can improve control and precision. The Company's proprietary endoscope is a flexible and steerable overtube that functions as a robotic delivery system able to deliver two surgical instruments and a flexible videoscope to a surgical target. With the enhanced capabilities of the ENDOQUEST ELS System, advanced endoscopists and surgeons can access locations in the digestive tract through a body's natural orifice using traditional surgical techniques not previously possible.
"Following completion of our successful $76 million Series C financing, we remain very encouraged by the growing levels of investor, gastroenterologist and surgeon interest in our ELS System technology and are working aggressively to advance this development program to an Investigational Device Exemption (IDE) filing with the U.S. Food and Drug Administration," Azarbarzin added. "We look forward to providing an update on our progress on July 1, 2022 at the Society of Robotic and Digital Surgery's Annual Meeting at the Disney World Yacht and Beach Club Resort in Lake Buena Vista, Florida."
About ENDOQUEST Robotics
ENDOQUEST Robotics has developed the ENDOQUEST Endoluminal Surgical (ELS) System, the world's first endoluminal robotic surgical system that makes it possible for therapeutic endoscopists and surgeons to perform upper and lower gastrointestinal surgery less-invasively through a trans-oral or trans-anal approach. ENDOQUEST's robotic platform combines the flexibility of endoscopy that is able to navigate the curvature of patients' anatomy with instrumentation that allows the physician to use a conventional two-handed surgical technique. The ENDOQUEST ELS System has further potential applications in a range of minimally invasive surgeries including appendectomy and cholecystectomy that can be performed with no external incisions. For additional information, visit the Company's website at www.endoquestrobotics.com.
The ELS System is under development, has not been cleared by the FDA and is not for commercial sale in the United States.
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SOURCE ColubrisMX | https://www.wibw.com/prnewswire/2022/06/30/colubrismx-inc-announces-corporate-rebranding-endoquest-robotics/ | 2022-06-30T20:07:41Z |
NORTHBOROUGH, Mass., May 2, 2022 /PRNewswire/ -- Aspen Aerogels, Inc. (NYSE: ASPN) ("Aspen", "the Company"), a technology leader in sustainability and electrification solutions, today announced that the Company is scheduled to participate in the following investor events in May: (i) the Water Tower Research Fireside Chat Series, (ii) the Oppenheimer Emerging Growth Conference, (iii) Seaport Research Partners Aspen Aerogels Institutional Meetings, (iv) the B. Riley 22nd Institutional Investor Conference, and (v) the CITI Lithium Battery Day. The presentation materials utilized during the conferences will be available on the Investor Relations section of Aspen's website at www.aerogel.com.
Ricardo C. Rodriguez, Senior VP, CFO and Treasurer, will participate in the Water Tower Research Fireside Chat Series on Wednesday, May 4, 2022 at 2:00 p.m. Eastern Time. The fireside chat will be moderated by Shawn Severson, Head of Sustainable Investing at Water Tower Research. During the event, Mr. Rodriguez will discuss the Company's recent quarterly earnings and outlook for 2022, and respond to participant questions.
The Water Tower Research Fireside Chat Series is open to all investors.
Registration for the live audio webcast of the fireside chat is available here and on the Investors section of Aspen's website at www.aerogel.com. A replay of the fireside chat will also be available on the Investors section of Aspen's website at the conclusion of the event.
Donald R. Young, President & CEO, and Ricardo C. Rodriguez, Senior VP, CFO and Treasurer, will be hosting one-on-one meetings with investors at the Oppenheimer Emerging Growth Conference, to be held online (virtual) on Tuesday May 10, 2022.
For those interested in arranging a one-on-one meeting with Aspen management, please contact your Oppenheimer representative.
Donald R. Young, President & CEO, and Ricardo C. Rodriguez, Senior VP, CFO and Treasurer, will be hosting one-on-one meetings with investors at the Seaport Research Partners Aspen Aerogels Institutional Meetings, to be held online (virtual) on Wednesday May 11, 2022.
Messrs. Young and Rodriguez will also participate in a Fireside Chat to be moderated by Tom Curran, CFA, Seaport Research Partners' Senior Analyst, OFS and Sustainable Energy Technology.
For those interested in arranging a one-on-one meeting with Aspen management or attending the Fireside Chat, please contact your Seaport Research Partners representative.
Donald R. Young, President & CEO, and Ricardo C. Rodriguez, Senior VP, CFO and Treasurer, will be hosting one-on-one meetings with investors at the B. Riley 22nd Annual Institutional Investor Conference, to be held at The Beverly Hilton Hotel (Beverly Hills, CA), on Wednesday May 25, 2022.
For those interested in arranging a one-on-one meeting with Aspen management, please contact your B. Riley representative.
Donald R. Young, President & CEO, and Ricardo C. Rodriguez, Senior VP, CFO and Treasurer, will be hosting one-on-one meetings with investors at the CITI Lithium Battery Day, to be held online (virtual) on Thursday May 26, 2022.
For those interested in arranging a one-on-one meeting with Aspen management, please contact your CITI representative.
Aspen is a technology leader in sustainability. The company's aerogel technology enables its customers and partners to achieve their own objectives around the global megatrends of resource efficiency, e-mobility and clean energy. Aspen's PyroThin® products enable solutions to thermal runaway challenges within the electric vehicle market. The company's carbon aerogel program seeks to increase the performance of lithium-ion battery cells to enable EV manufacturers to extend the driving range and reduce the cost of electric vehicles. Aspen's Spaceloft® products provide building owners with industry-leading energy efficiency and fire safety. The company's Cryogel® and Pyrogel® products are valued by the world's largest energy infrastructure companies. Aspen's strategy is to partner with world-class industry leaders to leverage its Aerogel Technology Platform™ into additional high-value markets. Headquartered in Northborough, Mass., Aspen manufactures its products at its East Providence, R.I. facilities. For more information, please visit www.aerogel.com.
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SOURCE Aspen Aerogels, Inc. | https://www.mysuncoast.com/prnewswire/2022/05/02/aspen-aerogels-participate-may-investor-conferences/ | 2022-05-02T17:20:56Z |
In Re The Roman Catholic Diocese of Rockville Centre, New York
United States Bankruptcy Court for the Southern District of New York
the Honorable Judge Martin Glenn
Case No. 20-12345.
PORT WASHINGTON, N.Y., Aug. 5, 2022 /PRNewswire/ -- On August 4, 2022, Judge Martin Glenn of the United States Bankruptcy Court for the Southern District of New York said he would set a new bar date for adult sex abuse claimants in the chapter 11 bankruptcy case of the Roman Catholic Diocese of Rockville Centre. The deadline for filing claims had expired in 2021. A new window will allow additional filings for adult sex abuse claims in 2022.
The Rockville Centre Diocese, which represents New York's Nassau and Suffolk counties, filed its petition seeking relief under Chapter 11 on October 1, 2020. At the time, the diocese faced 223 suits by alleged victims of child sex abuse under New York's Child Victims Act. Those claimants became creditors in the bankruptcy proceeding. Though mediation has continued in that proceeding, no agreement had been reached and no compensation plan has been filed to date.
On May 24, 2022, New York Governor Kathy Hochul signed New York's Adult Survivors Act (ASA), which gives survivors of adult sexual abuse (over age 18 when the offense occurred) a year to file their claims, regardless of when the offense occurred. The one-year window opens on November 24, 2022.
Under the New York law, claims may be brought against institutions or employers for abuse that occurred at work or was associated with employment. Dioceses have claimed that a bankruptcy filing blocks new claims – but many more victims have come forward since the passage of the Adult Survivors Act, including at least 700 claims filed against the Rockville Centre Diocese in bankruptcy court.
Judge Glenn agreed with the diocese and the future claims representative that a new bar date for the adult claims was consistent with the rationale behind the New York law. He also noted that claimants would receive relief more quickly with a Chapter 11 claim than with a state court claim.
Judge Glenn has not yet specified the bar date for the adult claims. He has called on the diocese to define a notice process and indicated that he will base the claim deadline on time to publish notice.
Jerrold Parker, Founding Partner of Parker Waichman LLP, explains that adequate time is essential to these victims: "Survivors of sexual abuse often do not tell their story immediately. New York has recognized this reality and offered victims the time they need, to understand their trauma and come forward when they are ready. We applaud Judge Glenn for recognizing that New York gives victims the time they need to hold their abusers held accountable. We urge him not to reduce the time the state has granted to this vulnerable population."
If you or a loved one have been sexually abused in New York, you or your loved one could be entitled to receive substantial monetary compensation from the individual or institution responsible for the sexual abuse.
Parker Waichman LLP helps those who have suffered sexual abuse receive full monetary compensation. Trust your case with our sex abuse lawsuit lawyers. For a free consultation, contact our law firm today by using our live chat or calling 1-800-YOUR-LAWYER (1-800-968-7529).
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SOURCE Parker Waichman LLP | https://www.wibw.com/prnewswire/2022/08/05/parker-waichman-llp-applauds-extension-deadline-submission-adult-sex-abuse-claims-against-roman-catholic-diocese-rockville-centre/ | 2022-08-05T22:54:34Z |
Search continues for missing Bradenton woman
BRADENTON, Fla. (WWSB) - The desperate search continues for Stephanie Shenefield. The 39-year-old Bradenton woman was last seen and heard from Friday morning in the 5300 block of 16th Street East in Bradenton. People who know her became very concerned when she didn’t show up for work on Friday.
“It’s scary, I’m really scared, I just know that she would’ve been in touch,” said Gina Merrow, Stephanie’s best friend. “If somebody knows something, just trying to get the word out to bring her home safely.”
Shenefield is a mother of two boys ages 16 and 14. Her roommate says everybody knows her and she’s a hard worker who has been working at least three jobs. He says she may have driven off with someone. There are also concerns because she has issues with her blood pressure.
“The last time I had seen her, I had seen her at the table here at home,” said Timothy Parker, Stephanie’s roommate. “We were just talking, conversing after work, everything was normal.”
Shenefield is described as 5′4″ inches tall, weighing around 150 pounds with dark hair. The Manatee County Sheriff’s Office is following all leads to try and find her.
“We’re learning this is very much out of character for her, which makes it that much more concerning,” said Randy Warren, Spokesperson for the Manatee County Sheriff’s Office. “But we always want to start looking towards the electronic evidence, the phone electronic transactions, all of that stuff, this is what our detectives are doing right now.”
What friends are doing is coming together. Flyers are plastered on many vehicles and they are being placed on poles and trees throughout Bradenton. Friends have pitched in and are now offering a $10,000 reward.
“You can remain anonymous, just let us know, somebody knows something,” said Merrow.
If you have any information on the whereabouts of Stephanie Shenefield, you are asked to call the Manatee County Sheriff’s Office immediately.
Copyright 2022 WWSB. All rights reserved. | https://www.mysuncoast.com/2022/06/09/search-continues-missing-bradenton-woman/ | 2022-06-09T02:21:25Z |
JERUSALEM (AP) — Archaeologists unearthed a lavish 1,200-year-old estate in Israel’s desert south that offers a unique glimpse of life for wealthy residents of the Negev region, the country’s antiquities authority said Tuesday.
The discovery in the Bedouin town of Rahat dates to the early Islamic period in the 8th or 9th century, the authority said.
The luxury home is built around a courtyard and features four wings with several rooms for its residents. One lavish section features a marble hallway with stone floors and elaborate wall decorations. Archaeologists also found shards of decorated glass serving dishes.
Underneath the courtyard, archaeologists were surprised to discover subterranean vaults made of stone, which they believe were used to store items at cooler temperatures away from the scorching desert sun. The vaults appear to be carefully constructed and sturdy enough to allow people to move between them underground. An opening from the vaulted rooms also leads to a cistern where residents could access cool drinking water.
Experts say the mansion’s owners likely lived a life of prosperity and had plenty to go around.
“The luxurious estate and the unique impressive underground vaults are evidence of the owners’ means,” said the excavation directors in a statement. “Their high status and wealth allowed them to build a luxurious mansion that served as a residence and for entertaining.” | https://cw33.com/news/nexstar-media-wire/luxurious-1200-year-old-mansion-unearthed/ | 2022-08-24T12:00:09Z |
Affidavit: Daycare worker charged with neglect after two children go to hospital
EVANSVILLE, Ind. (WFIE/Gray News) - A daycare worker in Indiana is facing neglect charges after two children were taken to the hospital with injuries.
The investigation started in early March when investigators with the Department of Child Services contacted authorities about an incident at High Point Daycare in Evansville, WFIE reported.
They say a 13-month-old was taken to the hospital with a broken arm.
According to the affidavit, the child’s parents took her to the hospital when she kept fussing and they couldn’t do anything to comfort her.
They said the daycare told them the child’s fussiness was from teething.
The affidavit states that after learning their child had a broken arm, the parents went to the daycare to review surveillance. They said their child was acting normal until a diaper change.
Police said the video showed a daycare worker, 26-year-old Nikki Moore, picking up the child and thrusting her down onto the changing table.
They said the video shows the child crying and screaming.
The affidavit said Moore then put the child in the crib because she wouldn’t stop crying.
Officers said they learned of a similar situation involving the daycare that happened several days before.
Officers were called to the hospital at the beginning of February after a 15-month-old child was brought in with cuts and bruises. Authorities said the child’s mother was told of an incident at their daycare a day before.
The daycare told the child’s mother they noticed a cut and redness during a diaper change. She was also told there was some bleeding in the child’s diaper.
Officers say they interviewed Moore, who was also working that day. She told officers she changed the child’s diaper in the afternoon.
Investigators said they reviewed surveillance of the incident and showed it to a pediatrician.
According to the affidavit, the doctor was “very disturbed” when watching the video.
The doctor reported that the child was handled with excessive force while being wiped, which could cause injuries to the child’s genital area.
Moore is booked in the Vanderburgh County Jail on a $1,000 bond.
Copyright 2022 WFIE via Gray Media Group, Inc. All rights reserved. | https://www.mysuncoast.com/2022/04/18/affidavit-daycare-worker-charged-with-neglect-after-two-children-go-hospital/ | 2022-04-18T20:55:11Z |
Banorte Chairman Carlos Hank González: Honors for second straight year reflect bank's advances in retail services, digital access
MEXICO CITY, June 29, 2022 /PRNewswire/ -- Grupo Financiero Banorte Chairman Carlos Hank González said today it received Best Retail Bank in Mexico and Best Corporate Governance awards from World Finance, an international publication specializing in the financial industry.
The honors marked the second consecutive year Banorte has won in those categories, and it was the only bank in Mexico to do so in 2022, exemplifying its customer-centric values, innovation and ability to evolve in a digital world.
"We are proud to be recognized by the prestigious international publication World Finance. We will continue to work for Mexicans, to be the best in banking in the digital world, as well as the best in corporate governance," Carlos Hank González said.
The UK-based business magazine said Banorte, the largest Mexican financial institution, continues to lead the way in the "customer-first era" of retail banking.
"Not only does it focus on hyper-personalization and offer a superior digital experience, but it also maintains an inclusive strategy for those customers who still value the traditional banking model," World Finance said.
It also said corporate governance award recipients like Banorte have "become masters of best practice, leading them to stellar business performance in a difficult economic climate."
Banorte said corporate governance is a key operating principle for the bank and that it continues to exceed regulatory requirements in this area. It said the award reflects its commitment to shareholders, prudent risk profile and a strong preference for the independence of its Board of Directors.
World Finance said banks compete in different categories depending on their specialty, such as private, commercial and retail banking. The winners have all proven themselves to be among the most innovative players in their industry, the magazine said.
About Grupo Financiero Banorte
Grupo Financiero Banorte is the largest Mexican financial institution. It offers financial services to individuals and companies through its businesses: banking, brokerage, fund operator, insurer, pension, leasing and factoring, warehouse, portfolio manager and the remittance company Uniteller. It also integrates the largest retirement savings fund in the country by asset management. Grupo Financiero Banorte is a public company listed on the main indicator of the Mexican Stock Exchange, and has 31,000 employees, more than 1,100 branches and 9,600 ATMs.
Website: carloshankgonzalez.com
Media contact
Francisco Rodríguez Daniel
Executive Director of Corporate Communication
francisco.rodriguez.daniel@banorte.com
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SOURCE Grupo Financiero Banorte | https://www.wibw.com/prnewswire/2022/06/29/banorte-scores-world-finance-awards-best-retail-bank-best-corporate-governance-mexico-2022/ | 2022-06-29T12:00:15Z |
Partnership will enhance job readiness and career exploration for young people, demystifying financial service career opportunities supporting diversity, equity and inclusion.
ATLANTA, April 12, 2022 /PRNewswire/ -- Boys & Girls Clubs of America today announced the official launch of its collaboration with The Equity Collective, a group of 27 asset management firms spearheaded by Morgan Stanley who are committed to reaching motivated youth where they are, demystifying diversity-related barriers in the financial service industry.
Together, the youth non-profit will work with The Equity Collective to increase career exploration and job readiness skills in Club youth, with a special focus on introducing diverse students to careers in finance.
In addition to their support of CareerLaunch, a job-readiness program within Boys & Girls Clubs, The Equity Collective employees will meet, mentor and work with youth in local Clubs, helping them to prepare for a successful career.
"We are thrilled to work with The Equity Collective to empower teens to consider a future in financial services and to break down any diversity-related barriers that may come with that," says H Walker, DEI & Leadership Development Officer, Boys & Girls Clubs of America. "Collaborations like this are vital to strengthening our organization's commitment to diversity, equity and inclusion as an integral part of helping young people to achieve great futures."
A Mercer study shows that Black and Latino students develop an interest in working in finance during high school while Caucasian students often decide on career paths in college. For that reason, The Equity Collective was established to generate awareness and interest in the industry sooner in these young people. Additionally, according to surveys administered to more than 1,800 Club youth, the number one thing our teens say they need — that will keep them coming back to their Club everyday — is for their local Club to prepare them for a career and provide the skills and resources, as well as a plan, needed to secure a first job.
"We are focused on impacting the future of our industry in a meaningful way," says Andy Saperstein, Co-President of Morgan Stanley and Head of Morgan Stanley Wealth Management. "The Equity Collective is committed to investing early in American youth communities, focusing our efforts on increasing the pool of interested youth who want to consider a financial career."
To learn more about the impact of this work, visit http://www.bgca.org/about-us/our-partners/the-equity-collective.
About Boys & Girls Clubs of America
For 160 years, Boys & Girls Clubs of America (BGCA.org) has provided a safe place for kids and teens to learn and grow. Clubs offer caring adult mentors, fun and friendship, and high-impact youth development programs on a daily basis during critical non-school hours. Boys & Girls Clubs programming promotes academic success, good character and leadership, and healthy lifestyles. More than 4,700 Clubs serve over 4.3 million young people through Club membership and community outreach. Clubs are located in cities, towns, public housing and on Native lands throughout the country, and serve military families in BGCA-affiliated Youth Centers on U.S. military installations worldwide. National headquarters are located in Atlanta. Learn more about Boys & Girls Clubs of America on Facebook and Twitter.
About The Equity Collective
The Equity Collective is an industry-leading group of wealth and asset management businesses that have come together to empower and provide educational resources focused on the finance industry for the next generation. It is composed of 27 members, and senior leaders from each organization are participating in education and awareness initiatives over a multi-year commitment that will support Club kids across the nation.
Members include:
- American Century Investments
- BlackRock
- BNY Mellon Investment Management
- Capital Group/American Funds
- Columbia Threadneedle Investments
- Diffractive Managers Group
- DWS
- First Eagle Investment Management
- Franklin Templeton
- FS Investments
- Goldman Sachs Asset Management
- Hartford Funds
- Invesco
- Janus Henderson Investors
- John Hancock Investment Management
- Lazard Asset Management
- Macquarie Asset Management
- Morgan Stanley (spearheading member)
- Natixis Investment Managers
- New York Life Investments
- Nuveen
- PGIM Investments
- PIMCO
- Putnam Investments
- Touchstone Investments/Fort Washington
- T. Rowe Price
- Virtus Investment Partners
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SOURCE Boys & Girls Clubs of America | https://www.mysuncoast.com/prnewswire/2022/04/12/boys-amp-girls-clubs-america-teams-up-with-equity-collective-empower-next-generation-diverse-financial-leaders/ | 2022-04-12T17:44:53Z |
The Perseverance rover now has a new job: acting as a location scout on Mars.
In addition to collecting the first samples from an ancient river delta on the red planet, the robotic explorer has been scouting out flat areas around Jezero Crater that could serve as a landing site for the Mars Sample Return Campaign.
This ambitious initiative, a joint venture between NASA and the European Space Agency, will rely on multiple missions to fetch samples collected by Perseverance and return them to Earth over the next decade. These specimens will be the first Martian samples returned to Earth.
"I'm a geologist, meteorologist, photographer, etc. Now I can add 'location scout' to the list. I've been scoping out spots where Mars Sample Return spacecraft could set up operations -- including the first launchpad on another planet," read a tweet from the rover's Twitter account.
As Perseverance investigates the site of an ancient lake that existed billions of years ago, it's collecting rocks and soil. This material is of interest because it could contain evidence of past microscopic organisms that would reveal whether life ever existed on Mars.
Scientists will have the chance to use some of the most sophisticated instruments around the world to study these precious samples.
A pathway of innovations
The campaign to return Martian samples to Earth will begin in the mid-2020s, when a rocket launches on a mission to Mars carrying a Sample Retrieval Lander and a fetch rover.
Once the lander arrives at Mars, it will touch down near Jezero Crater and release the fetch rover to retrieve samples from areas where Perseverance has stashed them on the Martian surface.
There is also a possibility that Perseverance itself may keep some samples aboard and deliver them to the lander.
The fetch rover isn't the only spacecraft hitching a ride on the lander, however. It will also deliver the Mars Ascent Vehicle -- the first rocket that will ever launch from the Martian surface, with the samples tucked safely inside.
A separate mission will launch from Earth in the mid-2020s, called the Earth Return Orbiter, to rendezvous with the Mars Ascent Vehicle.
Onboard the Earth Return Orbiter is the Capture/Containment and Return System, which will collect the container of samples from the Mars Ascent Vehicle while both vehicles are in orbit around Mars.
The Earth Return Orbiter will then head back to our world. Once the spacecraft is close to Earth, it will release the Earth Entry Vehicle that contains the cache of samples, and that spacecraft will touchdown on Earth in the early to mid-2030s.
Robotic components for the campaign are currently being tested at NASA and ESA centers.
Seeking a Martian pancake
In order to land on -- and launch from -- Mars, the sample return mission needs a flat surface with a 200-foot (60-meter) radius without sand dunes, angled terrain or rocks more than 7.5 inches (19 centimeters) in diameter cluttering the area. Obstacle-free, pancake-flat terrain will also make it easier for the fetch rover to retrieve the samples.
"The Perseverance team pulled out all the stops for us, because Mars Sample Return has unique needs when it comes to where we operate," said Richard Cook, Mars Sample Return program manager at NASA's Jet Propulsion Laboratory in Pasadena, California, in a statement.
"Essentially, a dull landing place is good. The flatter and more uninspiring the vista, the better we like it, because while there are a lot of things that need to be done when we arrive to pick up the samples, sightseeing is not one of them."
The sample return team has used the rover's cameras to survey a flat area they call the "landing strip." The area, long and flat like a runway at an airport, was previously spotted in images taken by orbiters circling the planet. Perseverance has been able to capture a better view from the ground.
"We had been eyeing these locations since before Perseverance's landing, but imagery from orbit can only tell you so much," said Al Chen, Mars Sample Return systems engineering and integration manager at JPL, in a statement.
"Now we have some up-close-and-personal shots of the landing strip that indicate we were right on the money. The landing strip will more than likely make our shortlist of potential landing and caching sites for (Mars Sample Return)."
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://www.albanyherald.com/news/perseverance-rover-scouts-spot-for-1st-mission-that-will-launch-from-mars/article_83a59e7e-d291-53b7-9a05-9a293f806962.html | 2022-07-13T21:44:43Z |
Robert Pattinson will curate a Sotheby's auction in New York at the end of the month.
The high-end contemporary art auction will feature six artworks which will be on view from Sept. 23 through the 29th. The auction will be held on Sept. 30.
Robert Pattinson will curate a Sotheby's auction in New York at the end of the month.
The high-end contemporary art auction will feature six artworks which will be on view from Sept. 23 through the 29th. The auction will be held on Sept. 30.
"The Batman" star described in a statement to ARTnews how he chose the pieces that will be featured.
"What I look for is when a piece has its own language," Pattinson said. "It doesn't necessarily feel like it just exists for its own sake and has a presence that hums with a bit of life. It has the ability to communicate with you on a kind of primordial level."
The works include a 1964 painting by Willem de Kooning, Richard Serra's 2011 painting Rotation #9, and an untitled 2005 drawing by Julie Mehretu.
The de Kooning is estimated to is estimated to go for between $1.8 to $2.5 million.
The "Contemporary Curated" auctions at Sotheby's have previously been curated by Swizz Beatz, Oprah Winfrey, and Ellie Goulding.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved.
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A receipt was sent to your email. | https://www.albanyherald.com/entertainment/robert-pattinson-set-to-curate-sothebys-auction-in-new-york/article_8405bced-f315-51d9-bc30-4a52688601e4.html | 2022-09-08T15:19:52Z |
- Strategic Acquisition Expands Access to Deregulated Markets
- Federal Government Allocates $350 Billion Towards Energy Efficiency Improvements in Commercial Buildings
PHOENIX, Aug. 10, 2022 /PRNewswire/ -- SinglePoint, Inc. (OTCQB: SING) ("SinglePoint'' or "the Company''), an acquisition-focused solar energy and sustainable solutions provider, announced today the acquisition of Frontline Power Solutions, a Multi-State Licensed Energy Services Company (ESCO).
Frontline Power Solutions (FPS) is a comprehensive energy service Company with the ability to operate in deregulated markets across the country. Frontline Power is licensed in nine states and has applied for and is awaiting final approval in 12 additional states. Frontline provides Energy Supply Agreements to all sizes of commercial, industrial, and institutional properties. In addition to supplying direct agreements, FPS also lends its expertise to its clients to help reduce energy consumption, streamline energy portfolios, and offer other options to lower energy costs.
The strategic acquisition provides SinglePoint with access to an extensive portfolio of clients while giving those FPS clients reciprocal access to one of the nation's leading solar power solutions companies and best-in-class customer service.
Wil Ralston, CEO of SinglePoint, said, "Frontline Power Solutions is a great addition to SinglePoint. Frontline will round out our service offerings by providing tremendous opportunities in the deregulated energy markets. Through Energy Service Agreements or assistance with installing a client's solar system, SinglePoint can now assist thousands of commercial clients in their solar transition."
John Holmes, Founder & CEO of FPS, said, "Our focus has been supplying commercial energy contracts to large and small commercial, industrial, institutional, and property management firms. We facilitate substantial reductions in energy consumption and spending while streamlining logistical management of their energy portfolios. By joining SinglePoint, our two companies benefit from economies of scale and monetizing opportunities more efficiently and quickly."
The FPS purchase is just the latest in SinglePoint's acquisition strategy, bringing a growing collection of solar providers and energy solutions under one corporate umbrella. SinglePoint has acquired six (6) subsidiaries, including EnergyWyze, BOX Pure Air, Direct Solar America, Ecodaptive, Boston Solar, and Frontline Power Solutions.
There are currently 26 U.S. states that offer deregulated power options which are expected to reach $9 Billion in annual industry revenues.
Frontline Power Solutions (FPS) is a comprehensive energy solutions Company. They are equipped with industry experts who have been on the "frontline" of energy procurement, sales, marketing, analysis, and information technology in the power industry since the dawn of deregulation. The combined intellectual and leveraged resources translate to unmatched value to their customers. FPS provides full-service power supply solutions, including supply, billing, auditing, renewable energy supply, efficiency consulting, and incentive coordination for large or small enterprises.
SinglePoint Inc.(www.singlepoint.com) is a renewable energy, and sustainable lifestyle Company focused on providing environmentally friendly energy efficiencies and healthy living solutions. SinglePoint is initially focused on building the largest network of renewable energy solutions and modernizing the traditional solar and energy storage model. The Company is also actively exploring future growth opportunities in air purification, electric vehicle charging, solar as a subscription service, and additional energy efficiencies and appliances that enhance sustainability and a healthier life. For more information, visit the Company's website (www.singlepoint.com) and connect on social media for the latest updates.
Certain statements in this news release may contain forward-looking information within tRule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. All statements, besides statements of fact included in this release, including, without limitation, statements regarding revenue projections, financing opportunities, potential plans and objectives of the Company, anticipated growth, and future expansion, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Technical and other complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
Investor Contact:
Tra-Digital IR
Investors@SinglePoint.com
(212) 389 - 9782 ext. 107
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SOURCE SinglePoint Inc. | https://www.wibw.com/prnewswire/2022/08/10/singlepoint-acquires-frontline-power-solutions-multi-state-licensed-energy-services-company/ | 2022-08-10T13:22:42Z |
Homeowners can now experience worry-free protection on their entire solar energy system from one of America's most trusted brands
NEWARK, N.J., Aug. 23, 2022 /PRNewswire/ -- Panasonic Corporation of North America today announced a new warranty for customers who purchase a complete solar system consisting of Panasonic solar panels and its EverVolt® 2.0 Energy Storage System (ESS), the newest innovation in its Total Home Energy Solutions portfolio.
The EverVolt AllGuard All System Warranty is the first warranty from Panasonic to bundle protection for the EverVolt 2.0 ESS with coverage of a solar panel system. It offers new levels of comprehensive protection for customers, covering product, performance and labor across all major system components:
- 25 years1 for Panasonic solar panels
- 25 years1 for racking system
- 10 years2 for inverter
- 10 years2 for Panasonic EverVolt® 2.0 ESS
The new warranty is one of the best in its class for homeowners, proving Panasonic's commitment to the EverVolt 2.0 home battery storage system and Total Home Energy Solutions. With more than a century of stability, 40 years of solar power R&D and rigorous quality testing, Panasonic offers total system protection and worry-free solar energy.
"With the EverVolt AllGuard All System Warranty, we can uniquely provide homeowners a broader range of protection that covers their entire solar and energy storage system to enhance their investment," said Mukesh Sethi, Director, Solar and Energy Storage, Panasonic Eco Systems North America, a division of Panasonic Corporation of North America. "Home battery storage is gaining popularity among homeowners looking for independence from the power grid, and is now an integral part of the solar electricity system. With our warranty covering product, performance output, and parts and labor, they can rest assured that their solar energy investment will be fully protected."
The EverVolt AllGuard All System Warranty is ideal for customers seeking comprehensive coverage of their solar panels and EverVolt 2.0 energy storage system. It joins the Panasonic AllGuard Solar System Warranty, which provides comprehensive coverage for customers who purchase a solar panel system without battery storage. Customers who buy a standalone EverVolt 2.0 ESS are eligible for a 10-year product, performance and labor warranty when installed by a Certified EverVolt Installer.
A result of Panasonic's ongoing commitment to developing advanced solar and energy storage technologies, EverVolt 2.0 ESS, available in January 2023, offers enhancements for greater customization, and features a convenient modular footprint and weatherproof design. The design allows energy-conscious homeowners to tailor their energy storage solution to their needs.
For more information on EverVolt 2.0, visit: https://na.panasonic.com/us/evervolt.
1 Must be installed by a Panasonic authorized solar installer.
2 Must be installed by a Panasonic Certified EverVolt storage installer.
About Panasonic Corporation of North America
Newark, NJ-based Panasonic Corporation of North America is a leading provider of Consumer Lifestyle technologies, as well as innovative Smart Mobility, Sustainable Energy, Immersive Experiences, and Integrated Supply Chain solutions for its business and government clients. The company is the principal North American subsidiary of Osaka, Japan-based Panasonic Corporation. One of Interbrand's Top 100 Best Global Brands of 2021, Panasonic is a leading technology partner and integrator to businesses, government agencies and consumers across the region. Learn more about Panasonic's ideas and innovations at na.panasonic.com/us
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SOURCE Panasonic Corporation of North America | https://www.mysuncoast.com/prnewswire/2022/08/23/panasonic-announces-new-evervolt-allguard-all-system-warranty-covering-solar-panels-battery-storage/ | 2022-08-23T14:45:58Z |
DALLAS (KDAF) — ‘Father Stu’ is the latest film by popular actor, and producer Mark Wahlberg.
The film is based on the real-life story of a Montana boxer turned Catholic priest Stuart Long. Like many fit young men, Stuart played sports in high school and had dreams of going professional in boxing. After a motorcycle accident, Stuart went under conversion and pursued priesthood. Stuart died at 50 in 2014 due to a rare autoimmune disease.
Mark Wahlberg has fought hard for this film. After lying dormant in development stages, he decided to finance the film himself to further movement on the project, co-star Mel Gibson later joined in to help finance the film as well.
As someone who has been all over Hollywood, from indie, risqué films like Boogie Nights to massive blockbusters like Transformers, Wahlberg has amassed an impressive and comprehensive portfolio. One that is now even more diversified with this faith-based film. Though this movie is not just another career move, it also is representative of a new chapter in the actor’s life.
Now, the actor says he wants to make films that have more meaning and ones that promote helping other people. This is reflected in another based-on-real-events movie Mark Wahlberg starred in titled Joe Bell, where he played a man who walked across the country after his teenage son committed suicide due to homophobic bullying.
Father Stu is still out in theaters, you can purchase tickets at fandango.com | https://cw33.com/news/local/father-stu-signals-new-chapter-in-actor-mark-wahlbergs-life/ | 2022-05-05T17:41:11Z |
NEW YORK, Sept. 6, 2022 /PRNewswire/ -- Sumitomo Corporation of Americas ("SCOA") announced today its partnership with the state of North Dakota to evaluate and develop businesses within the energy transition market, with the intent to accelerate decarbonization in the state and even beyond.
North Dakota is a leader in various industries nationwide, including energy, agriculture, advanced manufacturing and technology. Even more, with a stable tax and regulatory environment and a variety of economic development programs available, North Dakota boasts an ideal ecosystem for developing new business.
"We are excited to get to work with the great state of North Dakota and its innovative leadership team," said Tomonori Wada, President and CEO, Sumitomo Corporation of Americas. "The local government is motivated to drive innovation and make change in the energy transition market, and has created a favorable environment to nurture this kind of innovation. Our shared values and goals for carbon neutrality positions this partnership as a promising recipe for success."
SCOA's business development team brings financial power, a large network of global resources and a deep bench of expertise throughout various industries to this partnership. The agreement, made official through a signed Memorandum of Understanding (MOU) between the two parties, is non-binding and solely for the purpose of facilitating joint collaboration and development of projects within the state of North Dakota.
"We're committed to partnering with the private sector to grow and diversify our economy, and SCOA is well-positioned to help North Dakota create the infrastructure necessary to support clean energy initiatives," North Dakota Gov. Doug Burgum said. "This partnership has great potential to enhance our research and development, evaluation and business modeling in this sector, and to accelerate our progress as we continue to develop clean energy sources and move toward carbon neutrality by 2030."
Both parties will study wide varieties of possibilities covering Sustainable Aviation Fuel supply chain development, CCS/CCUS project development, Hydrogen/Ammonia supply chain development, Geothermal utilization, CI (Carbon Intensity) measurement and agriculture optimization, and Digital transformation. While these areas are of critical interest, the team is not limiting their efforts and is open to other applicable industries and opportunities.
The MOU proposes an initial period of 10-12 months where the respective parties will set key goals and milestones, identify opportunities, evaluate the market and develop initial strategies based on feasibility studies.
About Sumitomo Corporation of Americas
Established in 1952 and headquartered in New York City, Sumitomo Corporation of Americas (SCOA) has eight offices in major U.S. cities. SCOA is the largest subsidiary of Sumitomo Corporation, one of the world's leading traders of goods and services. As an integrated business enterprise, the firm has emerged as a major organizer of multinational projects, an expediter of ideas, an important international investor and financier, and a powerful force for distribution of products and global communications through a network of offices worldwide. Its core business units include Tubular Products, Environment and Infrastructure, Steel and Non Ferrous Metals, Transportation and Construction Systems, Chemicals and Electronics, Media and IOT Applications, Real Estate, Mineral Resources and Energy, and Food. For more information, visit www.sumitomocorp.com
About North Dakota
For more information about the state of North Dakota, visit https://www.nd.gov
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SOURCE Sumitomo Corporation of Americas | https://www.wibw.com/prnewswire/2022/09/06/open-business-scoa-teams-up-with-north-dakota-develop-clean-energy-projects-achieve-net-zero/ | 2022-09-06T14:34:36Z |
Epifania Torres Mendoza
Epifania Torres Mendoza, 94 of Temple, passed from this life peacefully in her home on Tuesday, June 7, 2022. A time of visitation will be held Friday, June 10, from 6-8 pm at Harper-Talasek Funeral Home in Temple. Her service will be at 11 am on Saturday, June 11 at Harper-Talasek Funeral Home with graveside service to follow at Hillcrest Cemetery in Temple.
Epifania was born on July 15, 1927, to Apolonio and Maria Guerrero Torres in San Antonio de Padua, Tamaulipas, Mexico. She was married to the love of her life, Manuel Mendoza Carrizales for 63 years until his passing in 2008. She loved gardening, farming, tending to her animals, and taking care of her family’s needs. She also served in her community as a spiritual leader. She immigrated to the United States in 2008 after her husband passed to join her children and their families. She became a member of Alpha Omega Baptist Church in Temple.
She was preceded in death by her beloved husband; her parents; her brother Dario Torres; sister Dominga Torres; sister Graciela Torres; sister Seferina Torres and grandson Arnold Mendoza.
Those left to cherish and honor her memories are her brother, Jose Torres; brother, Gavino Torres; brother, Ernesto Torres; brother, Teodoro Torres; brother, Beto Torres; sister, Aurora Torres; sister, Albertina Torres; sister, Consuelo Torres; sister, Santana Torres; sister, Macaria Torres; son, Honorio Mendoza; son, Jose Manuel Mendoza; son, Homero Mendoza; daughter, Emma Mendoza; daughter, Juana Rivera; daughter, Flora Torres; daughter, Susana
Mendoza Gonzalez; daughter, Macrina Mendoza; granddaughter, Dora Dominguez; granddaughter, Dianira Bourgeois; grandson, Abelardo Mendoza Jr.; grandson, Gildardo Mendoza;
granddaughter, Nora Silva; grandson, Juvenal Rivera Jr.; granddaughter, Claudia Fuentes;
grandson, Eduardo Torres; granddaughter, Anna Valdivia; granddaughter, Cristina Munoz;
grandson, Jose Manuel Mendoza
Jr.; granddaughter, Elizabeth
Salazar; granddaughter, Caroline
Gonzalez; grandson, Luis
Felipe Gonzalez; granddaughter,
Jackellene Ann Gonzalez; granddaughter, Liliana Rios; granddaughter, Belma Rios; granddaughter, Maria Rios; granddaughter, Carina Mendoza; grandson, Homero Mendoza Jr.; granddaughter, Mayra Mendoza; 33 great grandchildren and 10 great great grandchildren.
The family would like to thank Baylor Scott and White Hospice for the care they gave to Epifania. They would also like to thank Juanita Gallegos for the special bedside care given to their beloved one.
Paid Obituary | https://www.tdtnews.com/obituaries/article_b8b28426-e822-11ec-a195-03083169efa3.html | 2022-06-10T10:51:34Z |
Philadelphia’s Covid-19 cases and hospitalizations are climbing. Officials are not looking to reinstate mask mandates
By Rob Frehse and Christina Maxouris, CNN
Philadelphia health leaders warned Thursday that in the past three weeks, reported Covid-19 infections have more than doubled and hospitalizations have nearly doubled as well.
“The entire Philadelphia region is seeing COVID-19 cases rise dangerously,” Health Commissioner Dr. Cheryl Bettigole said in a statement, but added health officials will not be reinstating a mask mandate at this time. “We strongly recommend that every Philadelphian and visitors wear a mask whenever they’re indoors in public.”
The number of residents testing positive for the virus is as high as it was in the first week of February, health officials said, and roughly 142 people are in city hospitals with the virus — up from 79 three weeks ago.
“The pandemic is not over. Most all hospitals continue to see COVID patients, with the majority of patients hospitalized for COVID being not fully vaccinated,” Dr. Tony S. Reed, chief medical officer at Temple Health, said in a statement.
The warnings come as local health officials in other parts of the country have been urging Americans to take precautions amid another round of rising infections. New York City’s health commissioner said Wednesday cases and hospitalizations there were on the rise too, yet Mayor Eric Adams said he wasn’t going to reinstate a mask mandate at this time.
“Variants are going to come,” Adams said. “If every variant that comes, we move into shutdown thoughts, we move into panicking, we’re not going to function as a city.”
The case surge is happening nationwide: roughly a third of people in the US live in areas with medium or high Covid-19 community levels, CDC Director Dr. Rochelle Walensky said in a White House briefing Wednesday. In the Northeast, about 40% of people are in counties considered to have high community levels, CNN has reported.
Driving the increase likely are “incredibly contagious subvariants,” that are circulating, said Dr. Ashish Jha, the White House Covid-19 response coordinator.
“We were hit with the BA.1 — wave of infections in December, January. We saw BA.2. And now we’re seeing, in a large chunk of the country, BA.2.12.1. They are more contagious with more immune escape, and they are driving a lot of the increases in infection that we’re seeing across the nation right now,” Jha said in Wednesday’s briefing. ” And that is a huge challenge.”
But America is in a better place than it was two years ago, he said, “largely because of the capabilities that science has delivered for us: vaccines, boosters, therapeutics, testing, masks.”
“We’ve got to keep using that as the virus evolves and as the virus continues to do what it’s doing,” Jha said.
The-CNN-Wire
™ & © 2022 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. | https://localnews8.com/news/national-world/cnn-national/2022/05/19/philadelphias-covid-19-cases-and-hospitalizations-are-climbing-officials-are-not-looking-to-reinstate-mask-mandates/ | 2022-05-20T04:09:55Z |
TULSA, Okla., April 21, 2022 /PRNewswire/ -- The board of directors of ONEOK, Inc. (NYSE: OKE) today declared a quarterly dividend of 93.5 cents per share, unchanged from the previous quarter, resulting in an annualized dividend of $3.74 per share.
The dividend is payable May 16, 2022, to shareholders of record at the close of business May 2, 2022.
ONEOK, Inc. (pronounced ONE-OAK) (NYSE: OKE) is a leading midstream service provider and owner of one of the nation's premier natural gas liquids (NGL) systems, connecting NGL supply in the Rocky Mountain, Mid-Continent and Permian regions with key market centers and an extensive network of natural gas gathering, processing, storage and transportation assets.
ONEOK is a FORTUNE 500 company and is included in the S&P 500.
For the latest news about ONEOK, find us at www.oneok.com or on LinkedIn, Facebook, Twitter and Instagram.
Some of the statements contained and incorporated in this news release are forward-looking statements as defined under federal securities laws. The forward-looking statements relate to our anticipated financial performance (including projected levels of quarterly and annual dividends), liquidity, market conditions and other matters. We make these forward-looking statements in reliance on the safe harbor protections provided under federal securities laws and other applicable laws.
Forward-looking statements include the items identified in the preceding paragraph, the information concerning possible or assumed future results of our operations and other statements contained or incorporated in this news release identified by words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "goal," "guidance," "intend," "may," "might," "plan," "potential," "project," "scheduled," "should," "will," "would" and other words and terms of similar meaning.
One should not place undue reliance on forward-looking statements. Known and unknown risks, uncertainties and other factors may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by forward-looking statements. Those factors may affect our operations, markets, products, services and prices. These and other risks are described in greater detail in Item 1A, Risk Factors, in our most recent Annual Report on Form 10-K and in the other filings that we make with the Securities and Exchange Commission (SEC), which are available on the SEC's website at www.sec.gov. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Any such forward-looking statement speaks only as of the date on which such statement is made, and, other than as required under securities laws, we undertake no obligation to update publicly any forward-looking statement whether as a result of new information, subsequent events or change in circumstances, expectations or otherwise.
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SOURCE ONEOK, Inc. | https://www.mysuncoast.com/prnewswire/2022/04/21/oneok-declares-quarterly-dividend/ | 2022-04-21T21:38:28Z |
Students from 33 states and 5 countries join the Fisk family this Fall
NASHVILLE, Tenn., Sept. 6, 2022 /PRNewswire/ -- Fisk University, one of the nation's elite private historically black colleges and universities (HBCU), has experienced a remarkable enrollment increase over the past four years. In 2017, the total student body was 630 students and this fall, Fisk exceeded 1,050 students with an incoming class of just under 400 students. These students arrive from 33 states and five countries to join the Fisk family and to become part of the next generation of executive leaders across every sector of society. Many are first generation students, whose trajectory will define families and communities across the country. In an increasingly minority/majority world, this is the future, and the future looks bright.
Over the last four years, test scores for the incoming classes have increased from the 54th to the 71st percentile in terms of national test averages. This is particularly noteworthy considering how average national ACT scores have declined consistently in recent years. Last year, Fisk was noted as the number one institution in the country by Forbes for academic stewardship, which reflected the incredible efficacy of the institution in producing stellar outcomes despite minimal resources. It is perhaps this fact, more than anything, that students are coveting: an institution or rather a family where not everything is taken for granted but where everyone will fight for your dreams.
Incoming freshman, Jeremiah Armstead from Long Beach, California embodies this spirit. After being homeless for most of his high school years, Jeremiah is now poised for an exciting future at Fisk: "The support bracket I have now in Nashville is outstanding and for a young college student with a story such as myself, I wouldn't get through most obstacles without outstanding support." Jeremiah, like every incoming Fisk student was recruited through a highly personalized process that reflects the deep connections longed for by this generation of students.
To reinforce student outcomes, Fisk has solidified a series of unique corporate partnerships including with Cravath, Swaine & Moore, HCA Healthcare, The Los Angeles Lakers, Google, Marsh McLennan, Asurion, Equinix, and Ryan Specialty Group. Many of these partnerships provide reverse engineered course work that directly prepares students to excel at the highest level upon graduation. Some of these courses include coding, big data analytics, and risk management. Fisk has been delivering outcomes on par with the top institutions in the country and this return-on-investment model is inspiring students to reach higher. In the words of Morgan Price, a member of the first ever HBCU women's gymnastics program: "I had many options, but Fisk had it all. The academics are very strong, the partnership with Meharry is intriguing, and most of all Gymnastics! I wanted to go to an HBCU that had super strong academics. Fisk also really cares a lot about leadership, organizations, and internships. All those things excite me because they will help me succeed after college."
More than 58% of the incoming students are Pell grant eligible, which makes any private school a daunting financial proposition. Despite Fisk's dedication to affordability and a disproportionately high scholarship ratio, this four year journey remains a tall order for many students and families. "This year we turned away too many students whose future should have begun at Fisk, but the financials simply did not compute," said Sheila Smith, Associate Vice President for Enrollment Management.
With student debt at the forefront of everyone's mind, students at Fisk are betting on themselves and investing in their future. In many instances, higher education is becoming an arms race and it is very difficult for small institutions to compete on the facilities, technology and scholarship front while still operating a sustainable small business. Fisk University has been able to accomplish this with almost no endowment spend-out. Every dollar at Fisk will continue to support the amazing enrollment growth and the exceptional students. The goal is to reach 1,600-1,800 in the next four years and by extension, to double the remarkable impact Fisk is having on society's future.
ABOUT FISK UNIVERSITY
Fisk University is a highly ranked historically Black university, according to U.S. News and World Report, and is the oldest institution of higher learning in Nashville, Tennessee. Fisk's outstanding faculty and students continue to enhance the University's international reputation for academic excellence. Our scholars continue to make strides in all areas of the industry from Social Justice to the sciences. A Fisk education prepares our students to become beacons in servicing the community and well-rounded leaders and scholars in their respective fields. Fisk offers more than 20+ undergraduate and graduate programs in Biology, Chemistry, Physics, Clinical Psychology with a bridge Masters to Ph.D. programs through a partnership with Vanderbilt University. For more information, visit Fisk.edu.
Maya Brown
Executive Director of Marketing and Communications
Mcbrown@fisk.edu
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SOURCE Fisk University | https://www.kxii.com/prnewswire/2022/09/06/fisk-university-welcomes-largest-freshmen-class-over-40-years/ | 2022-09-06T14:30:17Z |
— Executing toward 2022 plan, generating near 20% revenue growth, with $885 million in ending cash*, an annualized burn reduction of greater than $100 million —
— Broad OPEX controls and portfolio optimization to decrease spend, extend runway through 2023—
— Company lays out path for continued industry-leading growth while achieving positive operating cash flow by end of 2025 —
— Technology Day investor forum to be held week of July 11, roadmap for the creation of a new category in healthcare —
— Conference call and webcast today at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time —
SAN FRANCISCO, May 3, 2022 /PRNewswire/ -- Invitae (NYSE: NVTA), a leading medical genetics company, today announced financial and operating results for the first quarter ended March 31, 2022.
"The power of personal health information, enabled by a new breed of patient and clinician workflow tools, further combined with real world data, is an immense opportunity to shape the future of medicine. And while the proof points supporting our model of enabling a new era in healthcare continue to materialize, we are in an exceptionally volatile period in our economy, one that demands that we as a company accelerate our drive for operational efficiency and sustainable operating cash flows," said Sean George, Ph.D., co-founder and CEO of Invitae. "The Invitae team is resolute across the organization to execute and alter course where necessary. We communicated and exceeded our plan to reverse the cash burn trend in the business in the first quarter. Following that success, we are now taking more aggressive steps to accelerate our pathway to capital independence - continuing to drive revenue growth, stabilize operating expenses, optimize our portfolio, and invest in the most important strategic imperatives and near-term drivers of revenue and margin. We plan to substantially decrease our burn throughout this year and next, extending our cash runway through 2023. Invitae's broad portfolio and scalable model enables us to begin driving further operating leverage and we look forward to updating you on our progress along the way."
First Quarter 2022 Highlights
- Generated revenue of $123.7 million in the quarter, a 19.4% increase compared to $103.6 million in the first quarter of 2021. Q1 exit revenue trajectory tracking to annual revenue guidance.
- Cash, cash equivalents, restricted cash and marketable securities were $885 million as compared with $1.06 billion as of December 31, 2021. Cash burn was $169 million, achieving a $26 million reduction for the first quarter of 2022, or over $100 million on an annualized basis.
- Total active healthcare provider accounts in the first quarter of 2022 totaled 19,436, more than 31% growth over the first quarter of 2021.
- Active pharma and commercial partnerships grew to 206, an increase of approximately 72% over the first quarter of 2021, driving continued revenue growth from Invitae's data and data services platform to pharma, health system and software and services partners.
- Total patient population is more than 2.8 million with nearly 62% available for data sharing.
- Gross profit was $26.6 million, and non-GAAP gross profit was $45.2 million in the first quarter of this year.
Total operating expense, which excludes cost of revenue, for the first quarter of 2022 was $239.8 million compared to $140.5 million in the prior year period. Compared to the fourth quarter of 2021, operating expense in the first quarter of 2022 decreased by $4.8 million while non-GAAP operating expense decreased by $6.7 million. Non-GAAP operating expense was $209.0 million in the first quarter of 2022 compared to $155.4 million in the prior year period.
Net loss for this year's first quarter was $181.9 million, or a $0.80 net loss per share, compared to $109.5 million, or a $0.56 net loss per share, for the first quarter of 2021. Non-GAAP net loss for the first quarter of 2022 was $177.4 million, or a $0.78 non-GAAP net loss per share.
At March 31, 2022, cash, cash equivalents, restricted cash and marketable securities totaled $885 million as compared with $1.06 billion as of December 31, 2021. Cash burn in this year's first quarter, including cash paid for acquisition related activities, was $169.3 million, a decrease of $26.3 million, or 13.5% from the fourth quarter of 2021.
Accelerated burn reduction to extend cash runway
Invitae is committed to reaching positive operating cash flow by the end of 2025 while driving industry-leading growth along the way. Building off of progress made to this year's target of a $200+ million reduction in burn rate, the company will drive for additional reductions of $600 million over the next three years with continued OPEX controls, margin improvement, operating leverage and portfolio optimization. The result of these improvements is expected to push the current cash runway to the end of 2023 or beyond.
Webcast and Conference Call Details
Management will host a conference call and webcast today at 4:30 p.m. Eastern Time / 1:30 p.m. Pacific Time to discuss financial results and recent developments. To access the conference call, please register at the link below:
Upon registering, each participant will be provided with call details and a conference ID.
The live webcast of the call and slide deck may be accessed here or by visiting the investors section of the company's website at ir.invitae.com. A replay of the webcast will be available shortly after the conclusion of the call and will be archived on the company's website.
About Invitae
Invitae Corporation (NYSE: NVTA) is a leading medical genetics company whose mission is to bring comprehensive genetic information into mainstream medicine to improve healthcare for billions of people. Invitae's goal is to aggregate the world's genetic tests into a single service with higher quality, faster turnaround time, and lower prices. For more information, visit the company's website at invitae.com.
Safe Harbor Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the company's vision and business model; the company's future financial and operating results; the company's expectations regarding future growth, reduction in burn rate and cash runway; and the company's expectations regarding being operating cash flow positive, including steps to achieve the goal and the timing thereof. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, and reported results should not be considered as an indication of future performance. These risks and uncertainties include, but are not limited to: the company's ability to successfully alter its course in response to events; the success of company's efforts to achieve operational efficiency and sustainable operating cash flows, and decrease cash burn; the impact of COVID-19 on the company, and the effectiveness of the efforts it has taken or may take in the future in response thereto; the impact of inflation; the company's ability to continue to grow its business, including internationally; the company's history of losses; the company's ability to compete; the company's failure to manage growth effectively; the company's need to scale its infrastructure in advance of demand for its tests and to increase demand for its tests; the risk that the company may not obtain or maintain sufficient levels of reimbursement for its tests; the ability of the company to obtain regulatory approval for its tests; the applicability of clinical results to actual outcomes; the company's failure to successfully integrate or fully realize the anticipated benefits of acquired businesses; risks associated with litigation; the company's ability to use rapidly changing genetic data to interpret test results accurately and consistently; security breaches, loss of data and other disruptions; laws and regulations applicable to the company's business; and the other risks set forth in the company's Annual Report on Form 10-K for the year ended December 31, 2021. These forward-looking statements speak only as of the date hereof, and Invitae Corporation disclaims any obligation to update these forward-looking statements.
Non-GAAP financial measures
To supplement Invitae's consolidated financial statements prepared in accordance with generally accepted accounting principles in the United States (GAAP), the company is providing several non-GAAP measures, including non-GAAP gross profit, non-GAAP cost of revenue, non-GAAP operating expense, including non-GAAP research and development, non-GAAP selling and marketing, non-GAAP general and administrative and non-GAAP other income (expense), net, as well as non-GAAP net loss and non-GAAP net loss per share and non-GAAP cash burn. These non-GAAP financial measures are not based on any standardized methodology prescribed by GAAP and are not necessarily comparable to similarly-titled measures presented by other companies. Management believes these non-GAAP financial measures are useful to investors in evaluating the company's ongoing operating results and trends.
Management is excluding from some or all of its non-GAAP operating results (1) amortization of acquired intangible assets, (2) acquisition-related stock-based compensation, (3) post-combination expense related to the acceleration of equity grants or bonus payments in connection with the company's acquisitions, (4) adjustments to the fair value of acquisition-related assets and/or liabilities, including contingent consideration and (5) acquisition-related income tax benefits. These non-GAAP financial measures are limited in value because they exclude certain items that may have a material impact on the company's reported financial results. Management accounts for this limitation by analyzing results on a GAAP basis as well as a non-GAAP basis and also by providing GAAP measures in the company's public disclosures.
Cash burn excludes changes in marketable securities. Management believes cash burn is a liquidity measure that provides useful information to management and investors about the amount of cash consumed by the operations of the business. A limitation of using this non-GAAP measure is that cash burn does not represent the total change in cash, cash equivalents, and restricted cash for the period because it excludes cash provided by or used for other operating, investing or financing activities. Management accounts for this limitation by providing information about the company's operating, investing and financing activities in the statements of cash flows in the consolidated financial statements in the company's most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K and by presenting net cash provided by (used in) operating, investing and financing activities as well as the net increase or decrease in cash, cash equivalents and restricted cash in its reconciliation of cash burn.
In addition, other companies, including companies in the same industry, may not use the same non-GAAP measures or may calculate these metrics in a different manner than management or may use other financial measures to evaluate their performance, all of which could reduce the usefulness of these non-GAAP measures as comparative measures. Because of these limitations, the company's non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the non-GAAP reconciliations provided in the tables below.
Contact for Invitae:
Jack Finks
ir@invitae.com
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SOURCE Invitae Corporation | https://www.mysuncoast.com/prnewswire/2022/05/03/invitae-reports-1237-million-revenue-first-quarter-2022-extends-cash-runway/ | 2022-05-03T20:44:26Z |
"One child at a time." Canton outreach effort dubbed The Reset aims to guide youths
CANTON – If you want good fruit, you must plant and cultivate good seeds.
That's the essential goal of The Reset, a neighborhood outreach organized by a group of men to offer support and guidance to youth. Activities and events will be held on July 7, 14, 21, and 28 from 6 to 8 p.m. at Brian's Park at 1500 Rowland Ave. NE and at Bup Rearick Park at 3411 Richmond Ave. NE.
More:McKinley’s Bup Rearick gave Paul Brown a run for his money
The Reset will feature free snacks, games, giveaways and a Scriptural message, said Bradley Tyson, who grew up in the Rowland Avenue NE neighborhood and is a member of Cathedral of Life Church in Plain Township.
"A lot of kids don't see something different in their community," he said. "Truly, to the end of the day, it's about having fun with kids."
Other participating churches and sponsors include First Christian Church, Faith United Church of Christ, the Total Living Center, Abundance of God Church, Star in the East Congregation, Trinity Gospel Temple, Frontline Ministries, Habitat for Humanity East Central Ohio, Kona Ice, and Red Oaks Church.
"Fathers. Husbands, Real men."
This marks the second year for The Reset, said Tyson, who came up with the idea. It was supposed to commence in 2020, but had to be canceled because of the pandemic.
"Someone once told me that nothing good comes out Brian's Park. That hurt my heart," he recalled. "The disrespect gave me the whole motivation to to do this."
The Rev. Michael Gammill, associate pastor at Cathedral of Life, said another goal is to "overcome barriers," noting that some children from the Brian's Park neighborhood are now attending Cathedral of Life in response to the work they've done.
"In this community, respect isn't just given; it's earned," he said.
Tyson believes children are looking for community and connection.
"I've seen some seeds planted that bore some fruit from last year," he said. I think kids are at a point where they're desiring connection...There are lot of different influences going around."
Michael Carlton, a member of Star in the East Congregation, agrees.
"People are appreciative," he said. "The one idea we had was showing them more than what they see in their neighborhood."
Carlton said it's important for children to see examples of successful men who have grown up in similar circumstances.
"Fathers. Husbands," he said. "Real men."
Chris McGowan, of First Christian Church, said being involved in The Reset has benefited him and other volunteers.
"Being a North Canton church, it's definitely an eye-opening experience because you get to know people from a different place," he said.
It's rare that people from so many different churches and organizations have been able to unite with a singular goal, said Billy Parsons.
"God gave Brad the vision, and everyone else was sold," he said.
Ripple effect of The Reset across Canton
Teddy Seely, who became a Christian earlier this year, smiles at the memories of playing in Brian's Park.
"I feel like this is something I need to do," he said. "Guidance is a big thing these guys (neighborhood youth) need. Being able to help just one kid makes a big difference."
Brent Walker said that when he moved into the Brian's Park neighborhood from Dayton, he didn't anticipate the level of gang-related violence he's seen.
"We've walked the block and prayed like the Walls of Jericho," he said. "I feel like when you go to war, you want to be with the kids. It's a trust thing as in, yeah, I am my brother's keeper. They may not be blood, but they're family."
Tyson said he would love to see more parents at this year's events. So many, he added, also need some encouragement and support.
"It's a ripple effect," he said. "My true goal is we don't want kids to go back to the same chaos. Parents need guidance, too."
Walker cities St. Paul's first letter to the Corinthians in the New Testament.
"One man plants, one man waters, and God does the growing," he said. "We're hoping to build a better community, one child at a time."
To learn more about The Reset or to help, call 330-451-6492.
Reach Charita at 330-580-8313 or charita.goshay@cantonrep.com
On Twitter: @cgoshayREP | https://www.cantonrep.com/story/news/2022/07/06/reset-four-week-youth-event-being-held-two-city-parks/7809552001/ | 2022-07-06T18:52:47Z |
The donation will be instrumental in helping Nature Seekers protect the ancient, endangered leatherback turtles nesting in Trinidad
MATURA, Trinidad and Tobago and MONTREAL, Sept. 12, 2022 /PRNewswire/ - Age of Union Alliance, led by tech leader and environmental activist Dax Dasilva, is proud to announce a USD $1.5 million donation to Nature Seekers, a non-profit community-based organization in the village of Matura, on the east coast of Trinidad, with a focus on the conservation and protection of sea turtles. This will be the single largest private donation in Nature Seekers' history. Age of Union's support will be instrumental in the protection of endangered leatherback turtles whose nesting grounds on Matura Beach are in more danger than ever before due to climate change and pollution.
Matura Beach is one of the last remaining major turtle nesting sites in the world for leatherback turtles, which have existed for over 100 million years, dating back to the age of dinosaurs. These massive creatures, as long as 2.2 metres, are the largest sea turtle species in the world and also one of the most migratory, crossing the Atlantic Ocean. New GPS technology has allowed scientists to track their journeys, and many have migrated to Canada's Atlantic coasts in recent years where they feed on the abundant jellyfish every summer and fall.
The population of these turtles has declined drastically in the last century as a result of intense egg collection, poaching, fishery bycatch, habitat loss, climate change, and much more. They are listed as Vulnerable on International Union for Conservation of Nature's red list of Threatened Species. Nature Seekers, who have been working to conserve these turtles for over 30 years, were in desperate need of help after beach closures during the pandemic nearly eradicated their historical revenue sources.
- Patrol and protect the nesting site throughout the annual season to maintain or increase the survival rates of both adult and hatchling leatherback turtles. New drone technology will now extend their capabilities.
- Collect data during nesting season to better understand the physical health of the nesting population and monitor inter-nesting movement and migration of satellite-tagged turtles. This work is done in partnership with Dr. Michael James of Fisheries and Oceans Canada and the Canadian Sea Turtle Network.
- Collect data and assess the potential impacts of climate change on the turtle population at the Matura nesting site; create climate adaptation and/or mitigation plans.
- Design and deploy artificial hatcheries to promote the survival of at-risk nests and allow for the collection of new data sets.
- Increase community engagement and provide opportunities for sustainable livelihood activities that align with conservation goals, such as becoming a ranger to patrol the beach during nesting season.
This marks the ninth conservation project Age of Union has announced in less than one year following Dax Dasilva's initial pledge of $40 million. Today's announcement also aligns with Age of Union's global premiere of its short documentary film CAUGHT in Toronto on the evening of September 12. In partnership with Sea Shepherd, this film reveals the shocking consequences of industrial fishing and excess consumerism, depleting oceanic ecosystems, with a specific lens on dolphin bycatch off the coast of France.
"When I first met Suzan Baptiste, Managing Director at Nature Seekers, I was incredibly inspired by her determination and perseverance to help shift this coastal community in Trinidad from turtle poaching to turtle conservation. We hope with Age of Union's help, Nature Seekers will now be better equipped to protect these beautiful, endangered turtles who, through their incredible migration journeys, also have connections to Canada." - Dax Dasilva, Founder of Age of Union.
"We couldn't be more thankful for this generous gift from Age of Union. Leatherback turtles are recognized as a keystone species, and their demise could have global consequences on our oceans and their ecosystems. Now, with the help of Age of Union, these turtles have an amazing chance for survival." - Suzan Baptiste, Managing Director of Nature Seekers
"The Ministry of Agriculture, Land and Fisheries looks forward to continued conversations with both the High Commission of Canada and Mr. Dasilva to improve the sector and by extension Trinidad and Tobago." - Kazim Hosein, Honourable Minister of Agriculture, Land and Fisheries
"The Government and people of Trinidad and Tobago sincerely appreciate the support from Age of Union for their conservation initiatives in the country. We commit to working with Dax Dasilva and his team, exploring opportunities for broader collaboration in the environmental and technology sectors and beyond." - Senator Dr. Amery Browne, Minister of Foreign and CARICOM Affairs of Trinidad and Tobago
"Age of Union's conservation project for leatherback turtles is an excellent example of Canada Trinbagonian cooperation on environmental conservation." - Kumar Gupta, High Commissioner of Canada to Trinidad and Tobago
Age of Union is a non-profit environmental alliance that supports and makes visible a global community of changemakers working on the ground to protect the planet's threatened species and ecosystems. Launched in October 2021 by tech leader and environmental activist Dax Dasilva in Montreal, Canada with an initial $40 million pledge, Age of Union seeks to ignite a flame within every person through conservation efforts that solve critical environmental challenges around the world and inspire high-impact change by showing the positive impact that every individual can make.
For more information, please visit: AgeofUnion.com
On social media: Facebook, Instagram, YouTube, and Twitter
Nature Seekers is a non-profit community-based organization founded in 1990 and situated in the village of Matura, on the east coast of Trinidad in the south Caribbean. Its primary focus is the conservation and protection of the sea turtles that nest in the region, including the Leatherback turtle. Over a 30+ year period, Nature Seekers helped to shift this coastal community from turtle poaching to turtle conservation.
Press Contacts:
North America:
Victoria Baker
Victoriab@nkpr.net
+1-416-726-8002
Mishel Chavoulki
Mishel@nkpr.net
+1-416-559-7338
South America
Anna Lucie-Smith
anna@swfandco.com
+1-868-381-5050
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SOURCE Age of Union Alliance | https://www.wibw.com/prnewswire/2022/09/12/age-union-alliance-donates-15-million-nature-seekers-over-five-years/ | 2022-09-12T14:11:38Z |
BERLIN (AP) — German auto parts and technology company Bosch said Tuesday it is buying Five, a British automated driving startup, for an undisclosed amount.
Bosch said Five, which is based in Cambridge and employs 140 people at six locations in the U.K., currently focuses on a cloud-based development and testing platform for the software used in self-driving cars.
Bosch board member Markus Heyn said the company wants Five “to give an extra boost to our work in software development for safe automated driving, and offer our customers European-made technology.”
Bosch said in a statement that Five ”gave preference to Bosch over other takeover bidders,” which it didn’t identify, and that the agreement was signed at the beginning of April. It said the companies agreed not to disclose financial details, and that the deal is subject to approval by antritrust authorities. | https://cw33.com/business/ap-business/germanys-bosch-buys-british-automated-driving-startup-five/ | 2022-04-12T14:24:54Z |
WATCH: Pregnant store owner scares off would-be thief with air horn
OAKLAND, Calif. (KGO) – A pregnant store owner in California recently fought back against a would-be thief, and it was caught on camera.
The woman said she’s grateful for a piece of safety equipment that helped her fend off the suspect in Oakland’s Chinatown.
Eva Liu remembers the details of what happened inside her international shipping store April 25 like it was yesterday.
At around 1:50 in the afternoon, surveillance video shows the man walk toward a pile of packages seemingly with the intention of taking them.
That’s when Liu yelled out.
Liu, who is seven months pregnant, fearlessly grabs an air horn from off her desk and runs after the man.
“I couldn’t afford to be afraid because I wanted to protect those packages from the customers,” she said.
As she chases the man out, the sound of the suspect chucking the hand sanitizer at Liu’s pregnant belly can be heard.
As the man runs away, Liu deploys the air horn.
The sound scared the suspect away and also alerted the nearby volunteer security team, The Blue Angels, who flagged down Oakland police.
Thousands of air horns like the one Liu used were distributed through Oakland’s Chinatown in February 2021 thanks in part to generous donors and the Oakland Chinatown Chamber of Commerce.
“At the beginning people were questioning ‘Why should I carry air horns?’” Carl Chan, with the Chamber of Commerce, said. “But of course with a few incidents happening, like the one that you are seeing here it’s actually helping our small businesses.”
During a time when many violent attacks on the Asian American community have been caught on camera, this is an encouraging sign the air horns are working.
“So we were thinking not just distribute them in just Chinatown, but were hoping to distribute them to other communities as well,” Chan said.
Liu and her baby narrowly missed getting hurt by the hand sanitizer bottle.
“I was trying to protect my stomach so I turned, and it hit my ribs,” she said.
Despite her actions, she said the work is far from over to keep Chinatown safe.
“I’d like to see more police officers, especially officers that speak the language,” Liu said.
The suspect in Liu’s case has not been arrested.
Copyright 2022 KGO via CNN Newsource. All rights reserved. | https://www.wibw.com/2022/05/10/watch-pregnant-store-owner-scares-off-would-be-thief-with-air-horn/ | 2022-05-10T02:24:07Z |
The Bitcoin-multiplying fund for crypto-bullish investors is now open for trading
LAS VEGAS , May 18, 2022 /PRNewswire/ -- ICOA Inc. (OTC PINK: ICOA), a publicly-traded Nevada-based company that acquires exciting blockchain-driven ventures, has announced that The ICOA Fund is now live and available for subscription.
As a Bitcoin-denominated sub-fund of a VCC structure regulated under the Monetary Authority of Singapore (MAS), The ICOA Fund's principal strategy is to identify opportunities on the volatility surface, to exploit arbitrage opportunities in key derivatives markets, and to incorporate AI and quantitative methodologies to scale in on promising options.
It offers unparalleled safety features like insurance coverage and underwriting for public offering security insurance (POSI).
The fund's crypto assets are safeguarded through a hybrid infrastructure in custody with CGCX.io, the world's first fully-insured crypto exchange. The fund additionally utilizes a suite of security-focused tools and services provided by Copper.co. Underpinned by multi-award-winning custody, this partnership makes it possible for the fund to reliably and safely acquire, trade, and store cryptocurrencies.
All investors shall be accredited investors as defined by MAS, and shall undergo KYC/AML verification. Investment subscription contracts are also held in custody by regulated entities, and The ICOA Fund digital assets are held in storage secured by multi-signature verification.
The fund's philosophy is based on a maximum of 70% of investment going towards BTC yield generating strategies, and a maximum of 30% into Market Making and liquidity pools of carefully selected projects. The three core trading strategies employed are Covered Call, Negative Gamma, and Volatility Trading. More information on these can be found at https://icoa.fund/trading-strategy/.
ICOA CEO Hadria Wong comments on the launch, "The ICOA team is excited to release The ICOA Fund to the crypto community. By combining our networks, strengths, and visions, we know we are stronger than ever— and look forward to pouring that fortitude back into this exciting project."
Notes to editors:
For further information, please contact pr@icoa.tech
About ICOA
ICOA is a publicly-traded Nevada-based company operating in the fintech, blockchain, decentralized finance (DeFi), and cryptocurrency spaces through acquisitions.
SAFE HARBOR STATEMENT:
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
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SOURCE ICOA Inc. | https://www.kxii.com/prnewswire/2022/05/18/icoa-fund-is-officially-live/ | 2022-05-18T19:49:40Z |
ISTANBUL (AP) — Yearly inflation in Turkey hit 61.14% on Monday, climbing to a new 20-year high and deepening a cost of living crisis for many households.
The Turkish Statistical Institute said consumer prices rose by 5.46% in March compared with the previous month. Yearly inflation was up from 54.44% in February.
The highest yearly price increase was in the transportation sector, at 99.12%, while the increase in food prices was 70.33%, according to the data. It was the biggest year-on-year increase since March 2002.
Rising prices are part of an economic crisis exacerbated by the COVID-19 pandemic. Meanwhile, Russia’s invasion of Ukraine has seen a surge in gas, oil and grain prices.
Turkey’s runaway inflation also follows a series of interest rate cuts late last year, in line with President Recep Tayyip Erdogan’s opposition to high borrowing costs in a bid to boost growth, investment and exports. In contrast to established economic thinking, the president insists that high rates cause inflation.
The central bank cut rates by 5 percentage points between September and December but they have remained unchanged at 14% this year.
The lira, which lost 44% of its value against the U.S. dollar last year, plunged to a record high of 18.41 against the greenback in December. The currency’s performance has fueled inflation in the import-reliant Turkish economy.
In an effort to soften the blow on households, the government has implemented tax cuts on basic goods and has adjusted electricity tariffs. | https://cw33.com/business/ap-business/turkeys-inflation-hits-61-climbing-to-new-20-year-high/ | 2022-04-04T13:39:14Z |
KING OF PRUSSIA, Pa., Sept. 13, 2022 /PRNewswire/ -- NeuExcell Therapeutics, Inc., a preclinical gene therapy company focusing on improving the lives of patients suffering from neurodegenerative diseases, today announced that Ronald Lorijn, MD, MBA, Chief Executive Officer of NeuExcell Therapeutics, will participate in the upcoming virtual UBS Biotechnology Private Company Symposium. Dr. Lorijn will provide a corporate overview followed by a moderated Q&A at the upcoming Symposium on September 21-22, 2022.
UBS Virtual Biotechnology Private Company Symposium
Date: Wednesday September 21, 2022
Time: 12:30 p.m. EST
NeuExcell is a privately held early-stage gene technology company headquartered in King of Prussia, Pennsylvania. Its mission is to improve the lives of patients suffering from neurodegenerative diseases and CNS injuries. Based upon the scientific work of Prof. Gong Chen, the Company has developed a potentially disruptive neural repair technology through astrocyte-to-neuron conversion in-vivo by introducing neural transcription factor(s) through adeno-associated virus (AAV)-based gene therapy. NeuExcell's pipeline covers major neurodegenerative diseases such as Stroke, Huntington's Disease, Amyotrophic Lateral Sclerosis, Alzheimer's Disease, Parkinson's Disease, Traumatic Brain Injury, Spinal Cord Injury, and Glioma. For more information, visit www.neuexcell.com.
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SOURCE NeuExcell Therapeutics | https://www.kxii.com/prnewswire/2022/09/13/neuexcell-therapeutics-inc-present-ubs-biotechnology-virtual-private-company-symposium/ | 2022-09-13T12:41:40Z |
Critical insights reveal how edtech is transforming the classroom; 81% of educators say we are now closer to fully realizing the potential of technology in teaching
BOSTON, Aug. 18, 2022 /PRNewswire/ -- According to the 2022 Educator Confidence Report, released today from learning technology company HMH, confidence in the education profession has dropped for the second year in a row. An annual barometer for how educators across the country are feeling about the state of teaching and learning, today's report found more than 3 in 4 (76%) educators feel negatively about the state of the teaching profession in the U.S. The Educator Confidence Index, a measure of overall confidence (out of 100), continues to drop and now sits at 40.0—its lowest in the report's history—down from 42.7 in 2021 and 49.0 in 2020.
According to HMH's research, which surveyed more than 1,000 K-12 classroom teachers and 125+ administrators, educator retention hinges on immediate needs more than long-term developments, including improved salary and benefits, support for educator well-being and adequate funding for the classroom. Conducted between May and June in partnership with MarketCast, the report revealed three major themes for achieving success in the future: Connection, Community and Customization.
Connection: A Digital-First Era
When it comes to technology, educators see strong connections between the teacher, student, classroom and home as the top priority. Seventy-three percent of educators report feeling technology is significantly more integrated into the classroom now than pre-pandemic, with tools to communicate between teachers and parents (63%) and tools that deliver interactive learning opportunities to students (57%) most favored among teachers. Even more, 68% of educators said edtech has become essential to the classroom.
Importantly, survey results showed that educators realize the potential in classroom technology and can visualize how it fits into their workflow. 81% report the experiences of the last two years have moved education closer to fully realizing the potential of technology in teaching. Educators are most excited about easy-to-use technology that can be used in-classroom and remotely (63%).
"We believe that the future of learning will be powered to a meaningful degree by technology yet centered on human connection, and this year's survey data gives us clear insight into how to realize that vision," said Jack Lynch, CEO of Houghton Mifflin Harcourt. "Educators are telling us that today's status quo isn't cutting it, but they also see a path to the future. Importantly, that path relies on addressing basic needs like wellbeing and mental health concerns, both for teachers and students, supported by connected technology that allows educators and focus on what matters most, human relationships."
Community: A Need for Broad Support
Educators report needing more consideration for their overall wellbeing now, with 78% of educators stating that their top concern is the mental health of their peers. The majority also need more aid in the classroom, with 64% saying they need adequate funding for classroom supplies and resources. According to today's educators, improved salary and benefits (90%) and more support for educator well-being (67%) would make the profession more appealing to new educators.
"On top of concerns around student wellness and performance, educators are increasingly worried about their peers," said Francie Alexander, Chief Research Officer at Houghton Mifflin Harcourt. "To nurture their needs, we must invest in tools to help our educators make the connections with their networks in ways that best serve them. Parents, administrators, policymakers and community members are all needed to support teachers and foster a new generation of educators."
Customization: Personalization for Students and Educators
Data shows that educators believe the future of the classroom is personalized—for both students and teachers, with data-driven, personalized edtech solutions making it possible to meet everyone where they are. 79% of educators say customized learning based on what students know and what they need would most transform learning and teaching in the future.
With pandemic-induced interrupted learning continuing to stay top of mind in the classroom, educators said the top tools to aid sustained learning recovery were targeted instructional materials or resources (62%), followed by supplemental resources (55%). When looking ahead, 65% of educators say technology solutions that connect instruction—including supplemental and remediation work—and assessment on one platform are will transform the next era of education.
Additional key findings from the eighth annual Educator Confidence Report include:
- Community support for teacher compensation is key for not only retention, but for the future of the profession. Concerns about teacher salaries are up 16% since 2020, and when looking forward to the next school year, a higher salary would be most motivating for educators, especially teachers (84%).
- Teachers are looking for more appreciation, respect and "trust in their experience." When considering long-term developments to support the profession, educators want increased community support and engagement (52%) – as respect for the role of the teacher is down 26% since 2020 and a strengthening of the connection between families and schools has dipped 18% since 2020.
- Educator and student wellbeing emerges as a top theme coming out of the pandemic. 61% of educators agree the most positive thing to come out of pandemic-era schooling is the increased attention paid to student social and emotional needs. For this reason, there is a strong agreement around the need for well-planned SEL programs (87%).
About the Educator Confidence Report
The Educator Confidence Report is an annual independent study, distributed to a diverse national cross section. The eighth annual Educator Confidence Report, underwritten by Houghton Mifflin Harcourt and conducted between May-June 2022 with MarketCast, surveyed more than 1,200 educators, including 1,058 teachers and 143 administrators.
Learn more about the 2022 Educator Confidence Report at hmhco.com/ecr.
About HMH
Houghton Mifflin Harcourt is a learning technology company committed to delivering connected solutions that engage learners, empower educators and improve student outcomes. As a leading provider of K–12 core curriculum, supplemental and intervention solutions, and professional learning services, HMH partners with educators and school districts to uncover solutions that unlock students' potential and extend teachers' capabilities. HMH serves more than 50 million students and 4 million educators in 150 countries. For more information, visit www.hmhco.com
Follow HMH on Twitter, Facebook, Instagram and YouTube.
Media Contact
Katie Marshall
Communications Manager, HMH
Katie.Marshall@hmhco.com
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SOURCE Houghton Mifflin Harcourt | https://www.kxii.com/prnewswire/2022/08/18/new-research-shows-declining-confidence-education-profession-with-educators-calling-connection-community-customization/ | 2022-08-18T14:58:11Z |
NEW YORK, Sept. 14, 2022 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of TuSimple Holdings Inc..
Shareholders who purchased shares of TSP during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/tusimple-holdings-inc-loss-submission-form/?id=31657&from=4
CLASS PERIOD: This lawsuit is on behalf of all persons who: (a) purchased or otherwise acquired TuSimple common stock pursuant and/or traceable to documents issued in connection with TuSimple's April 15, 2021 initial public offering; and/or (b) that purchased or otherwise acquired TuSimple securities between April 15, 2021 and August 1, 2022, both dates inclusive.
ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) TuSimple's commitment to safety was significantly overstated and defendants concealed fundamental problems with the Company's technology; (ii) TuSimple was rushing the testing of its autonomous driving technology in order to deliver driverless trucks to the market ahead of its more safety-conscious competitors; (iii) there was a corporate culture within TuSimple that suppressed or ignored safety concerns in favor of unrealistically ambitious testing and delivery schedules; (iv) the aforementioned conduct made accidents involving the Company's autonomous driving technology more likely; (v) the aforementioned conduct invited enhanced regulatory scrutiny and investigatory action toward the Company; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
DEADLINE: October 31, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/tusimple-holdings-inc-loss-submission-form/?id=31657&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of TSP 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 October 31, 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.kxii.com/prnewswire/2022/09/14/shareholder-alert-gross-law-firm-notifies-shareholders-tusimple-holdings-inc-class-action-lawsuit-lead-plaintiff-deadline-october-31-2022-nasdaq-tsp/ | 2022-09-14T11:34:20Z |
- In 67 ROS1 TKI-naïve patients, the confirmed objective response rate (cORR) and disease control rate (DCR) were 92.5% and 95.5%, respectively.
- In 38 crizotinib-pretreated patients, the cORR and DCR were 50% and 78.9%, respectively.
- In 12 patients with brain metastasis and measurable brain lesions at baseline, the intracranial cORR and intracranial DCR were 91.7% and 100%, respectively.
- In 5 patients with ROS1 G2032R mutation, 4/5 achieved confirmed partial response (cPR), and 1/5 achieved stable disease (SD).
- Taletrectinib was generally well tolerated. Low incidence of neurological adverse events (AEs) was observed, likely reflecting taletrectinib's selective inhibition of ROS1 over tropomyosin receptor kinase B (TRKB).
SAN FRANCISCO and SUZHOU, China, June 6, 2022 /PRNewswire/ -- Innovent Biologics, Inc. ("Innovent") (HKEX: 01801), a world-class biopharmaceutical company that develops, manufactures and commercializes high-quality medicines for the treatment of oncology, autoimmune, metabolic, ophthalmology and other major diseases, and AnHeart Therapeutics ("AnHeart"), a clinical-stage global biopharmaceutical company committed to developing novel precision oncology therapeutics, today jointly announced updated efficacy and safety data from the Phase 2 TRUST clinical trial of taletrectinib in patients with ROS1-positive non-small cell lung cancer (NSCLC), at the 2022 American Society of Clinical Oncology (ASCO) Annual Meeting.
The Efficacy and Safety of Taletrectinib in TKI-naïve or Crizotinib-pretreated ROS1-positive Non-Small Cell Lung Cancer (NSCLC) Patients
Poster Presentation, Abstract #: 8572
The ongoing TRUST study (NCT04395677) is a multicenter, open-label, single-arm, Phase 2 study of taletrectinib in Chinese ROS1-positive NSCLC patients who are ROS1 tyrosine kinase inhibitor (TKI)-naive or crizotinib-pretreated.
As of February 23, 2022, the Phase 2 TRUST study has enrolled 67 TKI-naive and 42 crizotinib-pretreated patients. The patients were treated with taletrectinib 600 mg once daily and evaluated by independent review committee (IRC) for key efficacy endpoints including objective response rate (ORR), duration of response (DOR), disease control rate (DCR), intracranial objective response rate (IC-ORR), intracranial disease control rate (IC-DCR), progression-free survival (PFS), overall survival (OS), and safety.
- In ROS1 TKI-naïve patients, the cORR was 92.5% (62/67), including 2 confirmed complete response (cCR); and DCR was 95.5% (64/67).
- In crizotinib-pretreated patients, the cORR was 50% (19/38), DCR was 78.9% (30/38).
- Of the 5 crizotinib-pretreated patients who had ROS1 G2032R mutation, 4 achieved cPR, and 1 achieved SD.
- Of the 12 patients with brain metastasis and measurable brain lesions at baseline, the IC-ORR and IC-DCR were 91.7% and 100%, respectively. The brain tumors disappeared completely in one patient who had only non-measurable brain lesions at baseline.
- Taletrectinib was generally well tolerated. Most treatment emergent adverse events (TEAEs) were Grade 1 or 2. the most frequently reported treatment-related adverse events (TRAEs) for patients on taletrectinib were low-grade diarrhea and transient AST/ALT elevation without increase in bilirubin. Low incidence of neurological AEs was reported. The selective inhibition of ROS1 over TRKB by taletrectinib may help significantly reduce TRKB-related CNS adverse events. Some common adverse events that are frequently reported in other ROS1 inhibitors, such as vision disorders, edema, headache, dizziness, and musculoskeletal disorders were observed less frequently in taletrectinib.
Professor Caicun Zhou, Primary Investigator and Chief Oncologist at Shanghai Pulmonary Hospital, stated: "Taletrectinib is a potential best-in-class next-generation ROS1 inhibitor that is a much-needed new option to treat both ROS1-TKI-naïve and pre-treated NSCLC patients. The TRUST study showed high objective response rates in both the first-line and second-line settings in ROS1-positive NSCLC, with excellent potency against crizotinib-resistant mutations, including G2032R solvent front mutation. We're excited to see that taletrectinib has also demonstrated intracranial antitumor activity in patients with brain metastases."
Dr. Hui Zhou, Senior Vice President of Innovent, stated: "The updated ORR and DCR data of taletrectinib demonstrated its potential superior benefits in terms of both efficacy and safety for Chinese patients with ROS1-positive NSCLC. We are encouraged by the results and will move towards further clinical development of taletrectinib to explore the potential of the next-generation ROS1 inhibitor and benefit more NSCLC patients in the future."
Dr. Bing Yan, Chief Medical Officer and Co-Founder of AnHeart, stated: "Taletrectinib reported better brain penetration and intracranial activity in reference to other ROS1 inhibitors, with a favorable safety profile. We look forward to advancing taletrectinib, as we believe it is a potential best-in-class next-generation ROS1 inhibitor for both ROS1 TKI-naïve and pretreated NSCLC patients, who are in need for new therapeutic options that have antitumor activity against resistant mutations and brain metastases."
ROS1 oncogenic fusions are observed in ~1-2% NSCLC patients as well as in cholangiocarcinoma, glioblastoma, ovarian, gastric, and colorectal cancers. CNS metastasis occurs in 20-30% ROS1 TKI-naïve and in up to 50% of crizotinib-pretreated ROS1-positive NSCLC patients. Resistance to first-generation ROS1 inhibitors often occurs with secondary mutations such as ROS1 G2032R solvent front mutation, for which no FDA-approved therapy is available.
Taletrectinib is a next-generation, CNS-penetrant, selective ROS1 inhibitor. In March 2022, the NMPA grants Breakthrough Therapy Designation (BTD) to taletrectinib for both first-line TKI-naïve and second-line TKI-pretreated patients with ROS1-positive NSCLC. A separate global Phase 2 trial TRUST-II (NCT04919811) is actively enrolling patients at clinical sites in North America, Europe and Asia. The design of the TRUST-II study is presented in the poster (#TPS8601) at ASCO 2022.
To learn more about Innovent's R&D updates and activities at 2022 ASCO, please visit https://investor.innoventbio.com/cn/investors/webcasts-and-presentations/.
About Taletrectinib (IBI344)
Taletrectinib is a novel best-in-class next-generation ROS1 inhibitor designed to effectively target ROS1 fusions with potential to treat both TKI-naïve and pre-treated patients. ROS1 rearrangement is estimated to be an oncogenic driver in approximately 1 to 2 percent of patients with NSCLC. ROS1 fusions are also observed in several other cancers such as cholangiocarcinoma, glioblastoma, ovarian, gastric, and colorectal cancers. Taletrectinib has demonstrated excellent potency against crizotinib resistance, good brain penetration and intracranial antitumor activity, and favorable safety profiles in ROS1 fusion-positive NSCLC patients. In these patients, few neurological adverse events were observed, which likely benefits from the selective inhibition of ROS1 over TRKB by taletrectinib. More information about the ongoing China TRUST (Taletrectinib ROS1 LUng STudy) phase 2 trial and the global TRUST-II phase 2 trial may be found by searching clinical trial identifiers NCT04395677 and NCT04919811, respectively at https://clinicaltrials.gov.
About Innovent
Inspired by the spirit of "Start with Integrity, Succeed through Action," Innovent's mission is to develop, manufacture and commercialize high-quality biopharmaceutical products that are affordable to ordinary people. Established in 2011, Innovent is committed to developing, manufacturing and commercializing high-quality innovative medicines for the treatment of cancer, autoimmune, metabolic, ophthalmology and other major diseases. On October 31, 2018, Innovent was listed on the Main Board of the Stock Exchange of Hong Kong Limited with the stock code: 01801.HK.
Since its inception, Innovent has developed a fully integrated multi-functional platform which includes R&D, CMC (Chemistry, Manufacturing, and Controls), clinical development and commercialization capabilities. Leveraging the platform, the company has built a robust pipeline of 32 valuable assets in the fields of cancer, autoimmune, metabolic, ophthalmology and other major therapeutic areas, with 7 products approved for marketing in China – TYVYT® (sintilimab injection), BYVASDA® (bevacizumab biosimilar injection), SULINNO® (adalimumab biosimilar injection), HALPRYZA® (rituximab biosimilar injection) , Pemazyre® (pemigatinib oral inhibitor) and olverembatinib (BCR-ABL TKI) and Cyramza® (ramucirumab) , 2 asset under NMPA NDA review, 4 assets in Phase 3 or pivotal clinical trials, and an additional 19 molecules in clinical studies.
Innovent has built an international team with advanced talent in high-end biological drug development and commercialization, including many global experts. The company has also entered into strategic collaborations with Eli Lilly and Company, Adimab, Incyte, MD Anderson Cancer Center, Hanmi and other international partners. Innovent strives to work with many collaborators to help advance China's biopharmaceutical industry, improve drug availability and enhance the quality of the patients' lives. For more information, please visit: www.innoventbio.com. and and www.linkedin.com/company/innovent-biologics/.
Note:
TYVYT® (sintilimab injection) is not an approved product in the United States.
BYVASDA® (bevacizumab biosimilar injection), SULINNO®, and HALPRYZA® (rituximab biosimilar injection) are not approved products in the United States.
TYVYT® (sintilimab injection, Innovent)
BYVASDA® (bevacizumab biosimilar injection, Innovent)
HALPRYZA® (rituximab biosimilar injection, Innovent)
SULINNO® (adalimumab biosimilar injection, Innovent)
Pemazyre® (pemigatinib oral inhibitor, Incyte Corporation). Pemazyre® was discovered by Incyte Corporation and licensed to Innovent for development and commercialization in Mainland China, Hong Kong, Macau and Taiwan.
CYRAMZA® (ramucirumab, Eli Lilly). Cyramza® was discovered by Eli Lilly and licensed to Innovent for commercialization in Mainland China.
About Anheart Therapeutics
AnHeart Therapeutics ("AnHeart"), a Cayman Islands entity (registered name AnBio Therapeutics Ltd.), is a clinical-stage global biopharmaceutical group company developing a broad pipeline of novel precision oncology therapeutics with high unmet medical needs. Its lead asset, taletrectinib, is a best-in-class next-generation ROS1 inhibitor currently in Phase 2 trials for the first-line TKI-naïve and second-line TKI-pre-treated patients with ROS1 fusion-positive non-small cell lung cancer (NSCLC). The Company's pipeline also includes AB-218, a mIDH1 inhibitor in Phase 2 trials with good brain penetration for multiple solid tumors with mIDH1 mutations and AB-329, an AXL inhibitor in Phase 1 studies to be used in combination with checkpoint inhibitor or chemotherapies in NSCLC or other solid tumors. The Company operates from offices in the US and China. For more information, please visit https://www.anhearttherapeutics.com/.
Innovent's Forward-Looking Statements
This news release may contain certain forward-looking statements that are, by their nature, subject to significant risks and uncertainties. The words "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to Innovent Biologics, Inc. ("Innovent" or "Company"), are intended to identify certain of such forward-looking statements. The Company does not intend to update these forward-looking statements regularly.
These forward-looking statements are based on the existing beliefs, assumptions, expectations, estimates, projections and understandings of the management of the Company with respect to future events at the time these statements are made. These statements are not a guarantee of future developments and are subject to risks, uncertainties and other factors, some of which are beyond the Company's control and are difficult to predict. Consequently, actual results may differ materially from information contained in the forward-looking statements as a result of future changes or developments in our business, the Company's competitive environment and political, economic, legal and social conditions.
The Company, the Directors and the employees of the Company assume (a) no obligation to correct or update the forward-looking statements contained in this site; and (b) no liability in the event that any of the forward-looking statements does not materialize or turn out to be incorrect.
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SOURCE Innovent Biologics | https://www.mysuncoast.com/prnewswire/2022/06/07/innovent-anheart-jointly-present-updated-phase-2-efficacy-safety-data-taletrectinib-ros1-tki-2022-american-society-clinical-oncology-asco-annual-meeting/ | 2022-06-07T00:50:55Z |
DALLAS (KDAF) — People across the nation were on the move, many of which moved to the Dallas-Fort Worth metroplex.
And according to a new study from StorageCafe, Irving and Lewisville were the top two cities in America that renters were moving to the most.
“To this end, the analysts at StorageCafe looked into 3.4M rental applications from RentGrow from 2021, illustrating renter interest across 257 markets with populations of over 100,000,” the study said.
They used this information to determine each city’s ranking for net renter migration as a proportion of its population.
“Texas, and the Dallas–Fort Worth Metroplex in particular, strongly attracted incoming renters, just as they have been drawing in developers of storage and pretty much every other type of real estate,” the study went on to say.
What makes these cities so attractive to renters are their proximity to bigger cities, Dallas, the amount of property space and affordability. Dallas itself also made the top 20 cities for net migration in 2021, ranking in 17th place, along with Austin which ranked 18th. For the full report, visit StorageCafe. | https://cw33.com/news/local/these-2-north-texas-cities-were-the-top-cities-for-net-migration-in-2021/ | 2022-06-29T19:30:16Z |
BUFFALO, N.Y. (AP) — The United States women’s national hockey team, which will feature 18 returning Olympians, took the ice for the first time Sunday to prepare for the world championships without new coach John Wroblewski, who tested positive for COVID-19.
Wroblewski tested positive Saturday, USA Hockey spokeswoman Melissa Katz said, and will coach remotely while spending a 10-day stretch in self-isolation. Should he be cleared, Wroblewski would travel separately to join the team in Denmark, where the U.S. opens the 10-nation tournament against Japan on Aug. 25.
Wroblewski was hired May 31 to replace Joel Johnson, who coached the team to a silver medal at the Beijing Winter Games in February. Johnson stepped down after one year as part of his commitment to coach the University of St. Thomas women’s program.
Assistant coaches Josh Sciba and Shelley Looney will oversee the on-ice duties in Wroblewski’s absence. The team is scheduled to travel to Denmark on Thursday following a pre-tournament camp in Buffalo, New York.
“It’s business as usual. I think everybody knows their job,” said forward Hilary Knight, who will be competing in her 12th world championship.
“Obviously, it’s a big miss. He’s a new coach and he’s not here for the first week or so. But he does his best to Zoom in and just make it work,” she added. “That’s just the name the game in this tournament. If something happens, you have to be able to adjust and adapt and keep moving forward.”
The U.S. roster is led by Knight, whose 47 goals and 80 points are world championship team records, and Kendall Coyne Schofield, who will be making her ninth tournament appearance.
There are only five players who did not compete in Beijing, where the Americans lost 3-2 to Canada. But forward Lacey Eden and goalie Aerin Frankel were members of the U.S. team that got silver following a 3-2 overtime loss to Canada in last year’s world championships.
The only true newcomers named to the roster are forwards Taylor Heise (University of Minnesota) and Hannah Bilka (Boston College), and Cornell University defender Rory Guilday.
Wroblewski spent two seasons coaching the Los Angeles Kings’ American Hockey League affiliate, the Ontario Reign, before stepping down for personal reasons. The 41-year-old is best known for his four years at the National Team Development Program, where he oversaw teams which produced 29 NHL draft picks.
___
More AP sports: https://apnews.com/hub/apf-sports and https://twitter.com/AP_Sports | https://cw33.com/sports/ap-sports/us-womens-hockey-coach-wroblewski-sidelined-by-covid-19/ | 2022-08-14T17:17:00Z |
...HEAT ADVISORY REMAINS IN EFFECT UNTIL 8 PM EDT /7 PM CDT/ THIS
EVENING...
...HEAT ADVISORY REMAINS IN EFFECT FROM 10 AM EDT /9 AM CDT/ TO
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* WHAT...For the Heat Advisory, heat index values up to 108
expected.
* WHERE...Portions of southeast Alabama, south central and
southwest Georgia and Panhandle Florida.
* WHEN...For the first Heat Advisory, until 8 PM EDT /7 PM CDT/
this evening. For the second Heat Advisory, from 10 AM EDT /9
AM CDT/ to 9 PM EDT /8 PM CDT/ Friday.
* IMPACTS...Hot temperatures and high humidity may cause heat
illnesses to occur.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Drink plenty of fluids, stay in an air-conditioned room, stay out
of the sun, and check up on relatives and neighbors. Young
children and pets should never be left unattended in vehicles
under any circumstances.
Take extra precautions if you work or spend time outside. When
possible reschedule strenuous activities to early morning or
evening. Know the signs and symptoms of heat exhaustion and heat
stroke. Wear lightweight and loose fitting clothing when
possible. To reduce risk during outdoor work, the Occupational
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rest breaks in shaded or air conditioned environments. Anyone
overcome by heat should be moved to a cool and shaded location.
Heat stroke is an emergency! Call 9 1 1.
&&
Weather Alert
...HEAT ADVISORY REMAINS IN EFFECT UNTIL 8 PM EDT /7 PM CDT/ THIS
EVENING...
...HEAT ADVISORY REMAINS IN EFFECT FROM 10 AM EDT /9 AM CDT/ TO
9 PM EDT /8 PM CDT/ FRIDAY...
* WHAT...For the Heat Advisory, heat index values up to 108
expected.
* WHERE...Portions of southeast Alabama, south central and
southwest Georgia and Panhandle Florida.
* WHEN...For the first Heat Advisory, until 8 PM EDT /7 PM CDT/
this evening. For the second Heat Advisory, from 10 AM EDT /9
AM CDT/ to 9 PM EDT /8 PM CDT/ Friday.
* IMPACTS...Hot temperatures and high humidity may cause heat
illnesses to occur.
PRECAUTIONARY/PREPAREDNESS ACTIONS...
Drink plenty of fluids, stay in an air-conditioned room, stay out
of the sun, and check up on relatives and neighbors. Young
children and pets should never be left unattended in vehicles
under any circumstances.
Take extra precautions if you work or spend time outside. When
possible reschedule strenuous activities to early morning or
evening. Know the signs and symptoms of heat exhaustion and heat
stroke. Wear lightweight and loose fitting clothing when
possible. To reduce risk during outdoor work, the Occupational
Safety and Health Administration recommends scheduling frequent
rest breaks in shaded or air conditioned environments. Anyone
overcome by heat should be moved to a cool and shaded location.
Heat stroke is an emergency! Call 9 1 1.
&&
Disney and Pixar's "Lightyear" features a scene that depicts two female characters sharing a brief kiss, drawing a range of praise and criticism.
A movie theater in Oklahoma has removed a warning sign it initially posted about a same-sex kiss in the new Disney/Pixar film "Lightyear."
The notice outside of the 89er Theater in Kingfisher cautioned parents about a scene that depicts two female characters sharing a brief kiss, according to CNN affiliate KTUL.
"The management of this theatre discovered after booking 'Lightyear' that there is a same-sex kissing scene within the first 30 minutes of the Pixar movie," the sign read. "We will do all we can to fast forward through that scene, but it might not be exact."
Barry Reid, one of the owners of the theater, told CNN that the sign had been removed and that the scene had not been censored in any showings.
"It was an internal mistake and it's been corrected," he said. "It won't happen again."
"Lightyear," a spinoff of the beloved "Toy Story" franchise, tells the origin story of the legendary space ranger Buzz Lightyear, who inspired the toy in the original films. That the film features a same-sex kiss is notable for Disney, which has long shied away from portraying explicitly LGBTQ+ characters. In fact, the kiss was met with pushback inside the studio and had initially been cut from the film, according to the Hollywood Reporter. It was restored as the company came under fire for its lukewarm response to Florida's so-called "Don't Say Gay" bill -- which bans certain instruction about sexual orientation and gender identity in the classroom and has inspired similar bills in other states.
Several countries, including Malaysia, Saudi Arabia and the United Arab Emirates, have banned "Lightyear" from theaters over its inclusion of the same-sex kiss. CNN has reached out to Disney for comment.
GLAAD, an organization that advocates for nuanced LGBTQ+ representation in media, has called attempts to censor the scene unacceptable.
"Lightyear is a great addition to the recent progress seen in kids and family films, TV series, and books that represent all families, including families with LGBTQ parents," GLAAD President and CEO Sarah Kate Ellis said in a statement. "Alisha is an inspiring and heroic character who is a good friend to Buzz, a brave Space Ranger, a loving wife, and a great mom and grandmother. Kids with two moms will see a family like theirs in this film. We're happy to see Disney standing firmly behind their LGBTQ storytelling."
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accounts, the history behind an article. | https://www.albanyherald.com/entertainment/a-movie-theater-will-not-fast-forward-a-same-sex-kiss-in-lightyear-after-all/article_6fb72265-6d42-5152-81a0-68717b98dd43.html | 2022-06-23T23:53:16Z |
CHICAGO, Sept. 7, 2022 /PRNewswire/ -- COUR Pharmaceuticals, a clinical-stage biotechnology company developing novel immune-modifying nanoparticles (COUR NanoParticles or CNPs) designed to reprogram the immune system in treating autoimmune disorders, announced the closing of a $30 million financing led by Alpha Wave Ventures.
The proceeds from the financing will be used to expand COUR's CNP platform technology and advance the Company's two human proof-of-concept studies in Primary Biliary Cholangitis and Peanut allergy, as well as development programs in Myasthenia Gravis and Type 1 Diabetes. In addition to autoimmune and allergic disorders, COUR's platform technology has application in gene therapy to induce immune tolerance, with the potential to improve durability and enable repeat dosing.
"As COUR set out to pursue its first institutional financing round in the Company's history, we were very fortunate to find a likeminded investor in Alpha Wave, which appreciates our innovation-driven culture and mission-critical approach to taking on big ideas in therapeutic areas where there are no or few therapies" said CEO and Founder, John J. Puisis, adding "The ability to secure a financing in these turbulent market conditions is a true testament to the tremendous capabilities of COUR's team, technology and results to date. With this important infusion of capital, we look forward to rapidly advancing our revolutionary drug candidates aimed to reprogram the immune system for people suffering from immune disorders."
As part of the financing, Chris Dimitropoulos, Managing Director, Biotechnology at Alpha Wave Global, will join COUR's Board of Directors.
"With multiple validating partnerships, an independent clinical development pipeline and the first known clinical study in humans demonstrating antigen-specific tolerance, we strongly believe COUR is well positioned to be the leader in bringing to market multiple first-in-class antigen-specific therapies to drive a paradigm shift in the treatment of autoimmune disorders away from immune suppressive approaches and towards true immune reprogramming." said Chris Dimitropoulos. "We look forward to working collaboratively with the COUR team to advance this important technology."
SVB Securities acted as the placement agent to the Company in connection with the financing. Cooley LLP served as legal advisor to COUR Pharmaceuticals and Kirkland and Ellis LLP served as legal counsel to Alpha Wave Ventures.
COUR Pharmaceuticals is developing first-in-class therapies designed to reprogram the immune system to achieve antigen-specific tolerance for immune-mediated disease. COUR's platform of immune-modifying nanoparticles focus on treating the root cause of immune disease, unlike traditional approaches, which only minimize symptoms using toxic immune suppression. COUR's lead product for celiac disease, partnered with Takeda Pharmaceutical Company, is the first demonstration of induction of antigen-specific immune tolerance in any autoimmune disease. Data from clinical and preclinical settings demonstrate the potential opportunity for the COUR nanoparticle platform to address a wide range of immune and inflammatory conditions. The underlying technology was acquired from Northwestern University and draws from more than 30 years of research in immune tolerance. For more information, please visit www.courpharma.com.
Alpha Wave is a global investment company with offices in New York, Miami, London, Abu Dhabi, Tel Aviv, Bangalore, Jakarta, and Sydney. Its flagship global venture and growth fund, Alpha Wave Ventures, aims to invest in best-in-class venture and growth-stage companies and endeavors to be helpful long-term partners to the founders and management teams. Alpha Wave manages a variety of investment partnerships that cover several asset classes, themes, and geographies. For more information, please visit www.alphawaveglobal.com.
Investor Relations & Media Contact:
Brian C. Bock
Chief Financial Officer
bbock@courpharma.com
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SOURCE COUR Pharmaceuticals | https://www.kxii.com/prnewswire/2022/09/07/cour-pharmaceuticals-announces-30m-financing-led-by-alpha-wave-ventures/ | 2022-09-07T11:49:07Z |
New contract provides life-changing benefits to newly-organized group
TUKWILA, Wash., June 6, 2022 /PRNewswire/ -- Over the weekend, Conco drivers voted unanimously to ratify a first contract, which will cover the group of 10 for the next three years. The agreement is one of the strongest first contracts ever negotiated at Local 174, and marks a major victory for the workers who deliver construction materials. In addition to providing many of the normal staples of a Teamster contract such as a grievance procedure and seniority rights, the new agreement also includes an economic package one normally sees only in mature union contracts.
The new agreement raises worker wages substantially, with most seeing double-digit increases in their hourly pay. They will also move from an unaffordable company medical plan into Teamster medical fully paid by the employer, and in a stunning victory demonstrating the value of their unique skills, the workers will immediately receive double-digit payments into the Western Conference of Teamsters Pension Trust. The difference these improvements will make for these new Teamsters and their families is life-changing.
The group first organized with Teamsters Local 174 in September of 2021, and contract negotiations between Conco management and the Teamsters progressed steadily but slowly until May of 2022, when a tentative agreement was reached. The resulting contract exceeded workers' own expectations for their first union contract, leading to a unanimous ratification.
"This incredible and strong first contract shows what is possible when management is willing to recognize the value of their workers and the service they provide," said Teamsters Local 174 Secretary-Treasurer Rick Hicks. "These new Teamsters showed incredible strength and solidarity, and in return, Conco management stepped up and agreed to treat them with the respect they deserve. This new contract will truly improve their lives on a fundamental level, and will make Conco a better place to work. This is the kind of victory we can all be proud of, and we look forward to continuing a productive and fruitful relationship with this company going forward."
Founded in 1909, Teamsters Local 174 represents 8,600 working men and women in Seattle and the surrounding areas. "Like" us on Facebook at www.facebook.com/TeamstersLocal174.
Contact:
Jamie Fleming, (425) 281-0166
jfleming@teamsters174.org
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SOURCE Teamsters Local 174 | https://www.mysuncoast.com/prnewswire/2022/06/06/conco-drivers-unanimously-ratify-first-contract-with-teamsters-local-174/ | 2022-06-06T18:45:01Z |
Cluster 5 expands company's capacity to meet high demand for RF analytics
HERNDON, Va., May 25, 2022 /PRNewswire/ -- HawkEye 360 Inc., the world's leading commercial provider of space-based radio frequency (RF) data and analytics, today announced that its Cluster 5 satellites have successfully launched aboard a SpaceX Falcon 9 rocket from Cape Canaveral on May 25. Once Cluster 5's on-orbit checkout is complete, the recent launches in 2022 will have doubled capacity and revisit rates, expanding HawkEye 360's constellation to 15 satellites. This significantly boosts the constellation's ability to serve global customer demand and to monitor activity across places such as Ukraine.
"Every enhanced satellite cluster we launch helps us deliver a higher density of valuable data to our government, commercial and humanitarian customers and partners – advancing our efforts to monitor global activities for a safer and more secure world," said HawkEye 360 John Serafini. "Launch by launch, these space-based innovations are analyzing the knowns and uncovering the unknowns of the RF spectrum across the globe."
Cluster 5 includes enhanced antenna functions introduced with Cluster 4, which allow greater flexibility in geolocating signals across a wide range of frequencies important to customers. Cluster 4 launched on April 1 has been completing checkout and moving into final formation to begin collecting data in late June. Cluster 5 is slated to achieve initial operating capability in August 2022.
These recent launches keep HawkEye 360 on track to exponentially increase the size of the constellation, with upcoming launches now scheduled every few months. HawkEye 360 will continue to grow the constellation to achieve revisit rates around 15 minutes in order to support timely defense, national security, and commercial applications.
For more information on the HawkEye 360 satellite constellation and enhanced capabilities of HawkEye Cluster 5, please visit https://www.he360.com/.
About HawkEye 360
HawkEye 360 is delivering a revolutionary source of global knowledge based on radio frequency (RF) geospatial intelligence to those working to make the world a safer place. The company operates the first-of-its-kind commercial satellite constellation to detect, characterize, and geolocate a broad range of RF signals. This unique RF data and analytics equip our global customers with high-impact insights needed to make decisions with confidence. HawkEye 360 is headquartered in Herndon, Virginia.
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SOURCE HawkEye 360 | https://www.wibw.com/prnewswire/2022/05/25/hawkeye-360-launches-next-generation-cluster-5-satellites/ | 2022-05-26T07:47:57Z |
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